1959-12-24 — Page 2

Page Z

THE CHINA MAIL THURSDAY, DECEMBER 24, 1959.

ELECTRONICS ACTIVE ON NY MARKET New York

New York, Dec. 23.

General Time scored $10,75 a share in an irregular, moderate-

ly active stock market today.

The issue gained $8 yester

day and at its high of $110 was up $75 a share from the year's low.

Talk of higher earnings for electronics Garral Time, company, provided fuel for the Other electronics Mine spurt.

willx Wire Arrear

change ranging from a gain of $28 share in Texas Instruments le a formarly $2 in Emerson Elcetrie The

It was highly irregular at closing time after tmpt arlier in dev. Behan Kerlak last Tore than $2 while Du Pont Gulf Oil stained foore than $ It $1.25 white Amerado res 013

Schering last more rts. than 53

gained while Merck te Man a dollar in the drugs. with Mole turned easier

พ

Ford and Chrysler each off $1.

OFFICIAL NOTICE

Proposal To Change A Ship's Name

IV.

www

AND

WILLIAMSON COMPANY LIMITED of P. & D. Building, 5th Goor, Hong hong hereby give notice that in consequence of purchase of the andernoted vessel. we have applied to the Minister of Transport and Civil Aviation under Section

47 of the Merchant Shipping Act, 181, in respect of the motor launch DAYSPRING TE of 11ONG KONG REGIS TRY Oficiul Number 191461 Стоки tonnage 12.24 Lo Register tunnage 5.51 tons, heretofore owned by Missions to Seamen Trust Corporation Ltd., 4 Bucking ham Palace Gardens, London, SW. 1. for permission to change her magne

The

to MOLLY i and to have her registered

in the new name it the Port,

of HONG KONG as owned by Williamson and Company Limited.

Any objection to the pro- posed change of name must. be sent to the

OF

Steels fell back, Tyres were irregular. North American Aviation ren up $2 on a biz Air Force contract. Some of coppers and aluminiums moved higher.

the

Special issues ranged from a rise of $5 in Signode Steel Strapping to a loss of $8 In Minnesota Mining.

Today's volume was 2,890,000 hures

Of a total 1,246 issues traded, 428 were higher and 80 lower. American Exchange volume was 1,520,000 shatre.

Bonds volume amounted $4,260,000,

Family Finance Corp. Firestone Tyre & Ruler First Nat. City Bank Ford Motor General Dynamica

Georgia Pacific

General Electric

Foods

Gatal Motork

G. Pub. Util.

Talo Power Importal O

Daw-Jones closing average Imperial Tobacco

WOTY

30 indietrials

20 taile

15 t

Inger-Rand

Talond Steel, Co,

658,36 | Interchemical Corn.

154 03

Int'l Business Machines

84.00 lat Harvester

504

Cotton Market

New York, Det: 23.

London U.S. Steel Shipments

Higher Expected To Improve

Closes

London, Dec. 23. Stocks closed Irregularly higher today with Indus- trial issyca again moving ahend to new records.

Reacting to news that trusts will soon be allowed to

120 Colton Futures today de-In

veloped more activity and a steadier undertone as traders evened-up before the weekend Christmas holldays.

ast

401 MA

Closing near the day's best levels the list ruled unchanged to up five points. The market

to up opened unchanged

New Orleans closed 3 points. lower lo 15 points higher.

Optimistic accounts from the drygoods trade again pointed up rentiered trade demand for

the old crop inonths.

Commission house brokers and 4trade interesis were buyers on balance in the new crop months. WOR this business Part presumed to be against year-

New York, Dec. 23.

Finished steel shipments are expected to attain a post-strike peak late this month or carly in January. While the Christmas holidays may cause some declines in mill operations, the movement of finished steel is fast approaching a more normal ratio to record raw steel output.

Last

tons

Although car makers are still short of steel and worrying about future supplies the indus- arst quarter 1980 production of

steci week's

output Americah Can Company said it Year end infiences compounded divest reached a new all-time high of would guarantee the new levels by the unsettled steel contract common shares, equities 2,782,000 toits, equalling 964 throughout 1980 provided the dispute kept mill buyers cau

front per cent of capacity. This week's price of steel used in can matting licus. In export a sharp reduc- firmed along a broad

tion was reported in Japanese although government bonds left output is scheduled at 2,729,000 did not increase,

demand for the January/March losses of up to 4.

period of 1960-ta some 58 car- Among the Industrials, steels

goes from 89 cargoes. belter along were generally with engineering shares, newa- papers, textiles, krewteles and

units on to barges, stores. Blue chips showed up well including 1C1, Bovril, trucks and lorries. Girxe and British Oxygen. sumers claim they are prazi- Bank and insurance sharps colly "living out of freight cars." were very firm while property and hire purchase finance issues did better.

In a rule! foreign bond murket. Greeks fell back on profit-taking. Dollar stocks moved lower,

further

The gold market moved eṛra- tically and closed mixed Cop- pers entled after a dull start.

Olls were narrowly mixed.! Rubbers were firm.—UPI.

43

จาก

105

Gra, Tyre & Rubber GMLY OB

18

Gliden Co.

Gdrich (B. F.) Co

Grauman Alterati Goodyear Tyre Gutt Ol

143

106

Hammond Organ

Idees Newport Corp.

591 18

Hiram Walker

to Homesake Mining Co.

422

|Hoseman Rettig.

30%

#

12

83)

420

115

134

31

Jolin-Mavile Co.

end lux considerations,

Kaiser Toustries

16

Kanber C Power &

Light

in

Kennecoll Copper

BELL

Kimberly Clark

70

30

Liggelt & divery Tib. Un,

Ci

55

110

Lekheed Aircraft

111

The Liverpool market today closed 10 higher to 10 English to 558 points jawer from 448

under New American points

British

Consola 21-204 Compuls 4-£76 Conversion

Luni

£6471.

Funding Lon

37

Loes's Incorp.

York futures,

04-11/14/

23

Lone Star Cement

201

Am Brake Shoe

4021

American Airline

Alertean Cable & Audio Corp

12

322

American Cyanand Co

SU

Minnesota Mining

Maht in Corn.

30

47

Maden Development

1305

Mianto Chemies Co.

Mustgomery Ward

Motorola Inc.

24%

6716 National Biscuit Co

55

National Cash Reg. "A"

National Dairy Prod

4

National Lead ......

Comer. future price index

40 hund*

!

·

Closing Pricas

Abiti! Par & Paper

Allen Ing. Any. Algoma Steel Cup, Allied Chemicals

Allied Mille toe. Allis Chamers

Amer. Turga. Power Am. GM & Elcelne

Home Prod

A

a. Mach é Pary

Anican Melaj

An. Netural Cas

American Smelting

Am. Sugar 101.

Ameri Tet Tel

Ametiran Tuta.

.....

anneonta tupper Arme Strel

Amicur Aetas Cur Atlus Cani. Mindaug tallwin -Elasti. Ballinle & Clu Bank of Montreal

Beech Life Savers Bell Telephone

Beneficial Finance

Bendix Aviation Corp. Benguet Cous

Bethlehem Steel

Boeing Airplane Borden (The) Co.

Burroughs Add Mnetine british Columbia Flee.

British Columbia Pwt.

calf Parklag Corp.

Cana

L'in,

Campbell Soup Ca

t'cadian Pacific N Case (3. 11 Co. Cat. Tractor

Celanese Corp.

T. Financial Corp.

Chase Monkat. Bank REGISTRAR Chrysler Iators

ts. SHIPPING

KONG KONG within SEVEN days from the appearance of this advertisement.

Dated at HONG KONG the 22nd day of December 1969.

WILLIAMSON AND

COMPANY LTD.

G. Þ. S. AGNEW,

Secretary.

Clate-

Chet Pentionive Co. Colombian Carbon Co.

Commercial Credit Consolidated Edison Contitetul Oil of Del. Crane Co.

Crown Zellerbachi Cuban Amer. Sugar Diamond Alli Diamond Gard Distillers-Seagrams Cuminton Stores Douglas Alterati Dow Chemical

Dupont de Nemours

Zarlem Air Line

En Kodak

El Paso Natural Gas

TAKE AN ACTIVE INTEREST

5%

SECURITY The Bank's Capital and

✔SAVING

Reserves.

SAVING NO Charges, Brokerage, Com- mission, Fees or Stamp Duties. SAFETY-No Capital Depreciation-Your funds remain at your disposal.

✔INTEREST is calculated on a Daily Basis

i.e, your money is earning 5% from the day you deposit until the day you withdraw.

VIELD The 5% per annum interest is

paid half-yearly.

· Interest paid without deduction of United Kingdom incorus Jax,

Write today to the General Manager for your copy of "Bank Deposit Account" booklet No. AO.74

LOMBARD BANKING

LIMITED BANKBRA.

LOMBARD HOUSE, CURZON ÜTREKY -

PARK LAME, EDRICH 39.1

LENNARO BALLBYTEKE JANE KRA

217,31 ¦ internistionof Nickel DO RT International Paper 148,75

Int'l Tel & Tel”

491% Lowenstein & Sona

243; | McDermott 2. Kay

Mellunnell Alteraft

70

National Steel Corp.

107% New York Central

Noranda finer Ltd.

75% Norfolk & Wester By 30%, North Amer. Avlattımı

20

Northwest Airlines (m.)

10 On Mathieson

Oils Elevators

Owen-linols Clu

Oxford Paper Co.

Pacific Ga & Bee

Paramount Pictures

Phillp More

37.a

39

502

15

42

Pan American Altmayı

234

Parke Davis Co.

12

Penny 3. C.

Ca.

54

Penn Salt Co.

30%

86

357

30

475

53

Radio Corporation

54

2513

312

Pitney Bowes

Procter & Gamble Co. Pittburgh Flate Glas

Publicker industries

Radio Corp. Pref.

Kaytheon

Republic Steel

Reynolds acts!

Royal Bank of Canada

Scart, Noebuck & Co.

Oil Co

Safeway Stores

27

IZA

43b

BYT:

1312

Stint Reg. Paper

Schenley Inc

41% Secti Paper

584

Solar

South

1542

334

3274

Sinclair

Smith, line & French

Rico Sugar

Southern Co. (The) Suthern Naturs! Cas Southern Railway (Com)

5874 Standard Brands

Oll of Cai Standard Oil of Ind. 504 Standard Olof N.J Steel Co. of Canada Steep Rock

Textron ke Thinkol Chern.

Tide Water Ol

25 Sterling Drug Co.

Stokely-Van Comp.

22

1057;

302

Stone & Webster

20%

Studebaker-Packard Corp.

22%

Sunshine MORE

Swift & Co.

45%

Texas Cu

821

231

2312

ime Inc

ders Finance

3716

T-Cont. Warrant

Twentieth Century Fox Film

Union Carbide

1453%

Union Oil of Cal

401

Union Partie Rathway

201

Halted Aircraft

thrited Frant

32!

United Gun Corp.

US. F "D"

US. Gyp

TS. Line Ca,

US. Tubber

US. Smeltingg

VS. Sterl

US. Steel T P.C. 17

Warner Bros... Waukesha Motors

Westinghouse Air Brake Weetinghouse Electric Western Union TB, Ca. West Va. Puto & Taper Winn-Dixie Stores Woolworth (C. W Zenith Radio

NY Grain Market Improves

Chicago, Dec. 23. The grain futures market

burst out of a NзITOW trading range in early afternoon Wednesday and scored substantial gains on nearly all contracts.

Row collon exports for the season thus far, as reported by the New York Cotton Exchange total 1,029,860 bales 1,128,000 bales reported to the same time last season.-UPI.

Rubber

Market

Review

Closing Prices

Gliledged Bonds

Transport 77, 1979/89-

31st 1909- EX. 1950/00

Funding Stock 315000/2004-

Funding Loan

93

1D03/20

Bavings 3, 1933/05—2011). Savings 3 150/70 £82.

Savings 37, 1985/75-È TOTH-

Banks

Barclay's B "A" Ltd old- 66x 20

Chartered Bank-568 Dal. Hongkong-£0.

Insurance

Union Insurance Cantra--25-0716.

Aircraftsand Motors

Briti Motor Corp. Ord-221 Fard Tutor Co-R Ed.

Hawker Siddeley Group Ord-284

4!46.

Hooles Lia "A"-10s Flyd, Standard Triumph International

11 12

Breweries

Distiller Com371 4114.

hiding and Materials Associated Portland Cement-74

Pinchin Johnson Aamclater Ord-

1.

Coal, Steel and Engineering Babcock & Wilcox Lid-458. Vickers Li6-331.

Food and Tobacco British American Tub, Co., Ltd-- BOK.

Imperial Tobacco Co., Ltd-101. buiscelicnesu

Singapore, Dec. 28. The market after opening at slightly lower than last night's prices eased in this morning's trading. Thereafter it ruled in-d active with only a limited interest in lower sheet.

In the afternoon the market was very quiet throughout with

a steady undertone.

The market closed with turr over light.

Boardman Marden Liúmes 434. British Отуден L.id. Ord-824

Canadian Pacide Rly-44514. Dunlop Rubber Co−21x 44. Hongkong & China Gas-34. Imperial Chemical 80 3d, Luôn k từ T.

Unilever Lid-130 d.

Paper. Bowater Paper Corp Ord- Dd.

Radio and Electrical Ezetrical & Musical ĐẠI, English Electric Co 49% 64. General Electric-438.

Shipping Indo-China Steam Nav. Co. de! ord is d

P&O Steam Navigation def ord 1047 7%d.

In New York, the rex rubber futures today closed 10 10 30 points higher with rales of contracts.

ה

Prices hrid steady In typical pre-hollday market. Small trade buying and Jocal covering found sellers hesitant in face of a continuing factory Interest in the local spot market and the continued scarcity of shipment offerings from the cast.

Current month No. i Rss was quoted at 42% cenis.

In London, the rubber mar- ket was quietly stoody with spot quoted at 35% pance,

in Amsterdam, the rubber market was dull today...UPI.

Yesterday's Closing

Stores

Great Universal Stores "A"-50% $150.

Marks & Spencer Lid-14s 30. Woolworth F. W. & Co-G7# 3d.

Textiles Courtaulds Lic-Con (Í.

Mines Cons Goldfelda of South

- 4.

Cona Zine

De Beers dri-1563

The transport problem so far has not been serious and various mills are now loading finished steel right from Anul processin

twilway Some con-

in

The Inference is that mill stocks of semi-finished steel will not be built up significantly anticipation af possible resump- tion of the steel strike.

- DEPLETED STOCK

In addition, neither coll- sumers

will nor distributors make any particular progress in improving strike-depleted In- venthries; At the some Umg, one træde quarter said that cars are against a serious work stop- in steel f There is no page contract settlement prior to January 20, the expiry date of The GD-day Injunction. It pre- leted that strong public pres-

CITY LIGHTS

"Why, thanks, Harryt don't usually accept offts from business associales

However

Lund: hapin Sepsion

sure would long strike.

prevent another

Demand for Bat rolled stocks Is so great that leading mills are their PTC- reportedly altering ducts plans, diverting ingots from production of less urgently needed material to the sheet Some consumers of sheet mills. are still showing interest 好 "seconds" and "rojects" if the defects are not sufficiently seri- ous to jeopardise the quality of their own products.

TINPLATE

Some producers Dy they could sell from 150 to 200 per Africa cent of implate capacity on the basis of orders proffered Ord- 30.

throughout the first half of and 1900. Structural shapes wire products arc la near cupacity demand. It is fairly well established that most can- making plants are cutting up inplate as it is received. Lead-

Hongkon471-75 4754

Tin-ds 41d.

Rand-lute 3d.

Southern Kinta Cons Ltd-306 Bd. Stiflet Goldmining-305, Union Core-89 1998.

Deltish cate-50%

Pd.

الله

Boraco Petroleum Syndi

British Petroleum Co., Ltd-5zing can companies have settled

Burmah-400.

Shell Transport & Trading-1436

d-Reater.

their contrafla with the Steel Union and can prices will rise "slightly" or January 15.

COMMODITY PRICES

SUGAR

NEW YORK

10:

Closing prices all in cents per b.:

Contract No. 4 (World) Jan: 2.90: Mar: 300; May: July: 3.14 Best: 9.12 Oct: 3.79: Jan: 325; Mar: 3.20: Spot-12.0.b. Cuba): 2.07; Total Sales: 47 con- tracte: Open interest: 82P2 euntracts. Contract No. 5 (dumestio) Jan: 54: Mar: 657: May: 0.70: July: 5.74: Spot-16.1.f, NY. ex thily) 3.15 Total Sales: 91 contracts: Open Interest: 1.487 contracts UPS

• Soybeans led the nins with the March delivery up to two lb. cents a bushel but all the grains were ahead by a cent or mort ariel finished or nour highs for the day,

METALS

NEW YORK Closing prices, all in cents per

Lead

Dec.

zinc

Jan.

Dec

Jan.

The support was credited to

Copper

Dec.

a variety of factors,

Jay.

11.00

14.31

11.01

1145

34.2

Zing 2nd half

Dec.

Mar.

No. 1 Jan.

15

Feb.

101

No. 2 Jan.

-UPİ

No. 3

No. 4

COTTON

NEW YORK Closing prices all in cents per- 1b.:

Boot: 33.15

Mar: 33.73; May; as a De: 3117: Dec: 31.12; Mar: 21.49: May: 31.52.

NEW ORLEANS Closing prices all in cents per 15:

Spot: 31.15; Mur: 33-15; May:-31,32: July!

May: 3137,

Mar13; Oct: 31: Dec: 31.10: BAO FAULU

All unquated.

(Cloding prices all in cruzeiro per kilo),

Average price in: US at 14 de- signated spot markets: 31.88 cente.

Topki malas: 94,000 Kladno,~~~XXI.

RUBBER

NEW YORK

Rex rublier futures closing prices, all in cents per lb.:

Jari

Spot rubber unbaled

Blanket crepe

No. 1 pale crepe ...

LONDON

The

11715-118

2104 118

115-110 1773-11845 115-11712

134-130

Closing prices all in pence

per Jb.:

No. 1 s upot

Settlement house term:

Jan Feb. Jan./Morch April/June July/Smpt. Oct/Dec

Jan. 700

35-3514

34-35

3142-3 31-311

General markets, c.5.t. Luala, portas

33-3416

43

Estale crepe thin Jan. Luck In. AMSTERDAM Closing prices all in giflders per kilogram, cir. Jan.

No. 1 rubber No. 1 rubber No. 3 rubber Ho. 1 crope

122 buyers

331 buyers

3.30 buyer

2.00 buyera

-UFI.

ry has set its sights on record

more than 2,200,000 car

}

SCRAP METAL

In scrap, prices in the past werk were fairly stable though untested through lack of impor ! tant mill buying in most areas, Some railway lists brough broker prices below a

Estimates are being heard of what anual United States steel Ingot capaelty

will be of

| January 1. At the start of 1950, it was 147,033,070 net tong, Some unofciat forecasts are that

an increase of 5,000,000 tons will be shown. In any

event, the expected record de mand for steel in 1900 should month and adequate basic stocimaking ago but there were no signs of enpreity avaliable.-China Mill a sharp decline the eng. 'Special.

All

over the world

B•O•A•C

wishes you a

Merry

Christmas

and a

Happy

New Year

FOREIG'S EXCHANGE

LONDON

Closing tates; -

Montresi

Bruneis Copenha Frankfur

Elabdia

BINGAPORE 24011 Cloning prices all is Strafts | aglah!

Lob. Melayan cents pep ib. BB Bord

2.109440.2916

2.6517/10-2200 11/16

BRITISH OVERSEAS AIRWAYS CORPORATION

LONDON Closing prices, all in sterling three Per lang ton.

Buyers Sellers

Wheat purchases by Paldston, Turkey and Spain" overnight amounted to more than

the mullion bushels,

largest T volume of export business in Spot

Janon more than two weeks. A new Copper trade agreement with Turkey

Spot includes the purchase of about 11 jallion kiikala of

Used and halt" whöltke.

month

230

200

Jinkcha May

July

Rept.

Nov.

J

41.30

40.40

Nasa, York

39.10

38.36

37.50

37,10

56,70

19.0

7301-13.07

12.0f{6-23.0743

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