1960-03-17 — Page 2

THE CHINA MAIL

London market HONGKONG

closes on cheerful note

London, Mar. 16.

STOCK

EXCHANGE

Our Own Correspondent

Business done at the Hong- kung Stock Exchange this.

amounted to

np Noon and the morning's

London stock markets were generally cheerful on moming

Wednesday with prices pushing smartly ahead.oximately $2,693,000,

Cialns

0

were widespread among industrials. But British, Government bonds suffered general selback on reports that banks were ngela among the sellers,

Barclay' Bank "A" Ltd ard-004. Chartered Bank-008, Hongking— £159. Lloyds Bank “X”-04# 30.

LASUFANCE

Talon Insurance Contop-20-3/10.

Alreraft And Motors

Hrithi Mator Cup. Ord-2% 4370, Ford Motor C-105 455d er. Oll spurted forward at the

Hawker Siddeley Group Ord-31s start, Inter

ensed slightly but led picked up again icfore the f close,

gold shares

recovery but

South African continued their coppers were uncertain after a arm opening-AP.

Closing prices

Gledged Bands

British Transport

3.

1975/15--

Conents 2-46-15/10.

4-4704.

Conversion Est-Win.

Loun

by:

120

Funting Loan 3%. HAZEN— £41y. Funding Stock 31008/200 80-13/10.

LUK

LAKIT

1989/90-

Savius 3, 195/65-£KEL, Savings . 100/70-27413/16, Savings JEAR/75-27324.

Ford sales

have a

good year

Rolls Royce Lk! On-AIM, Houtex Lt "A"--JIM.

Standart Triunghi International--

Brewerk

17.

Dhaillers, Co-354 60.

San African Breweries-is ful. Bathing and Muteriais Anupciated Portitud Cetent-724 Gooxitars Wall & Lead Ord-a 7.

النار

Pal, steel und Engineering. Babcock & Wilcox Lid-£ 12. Entled

MT.

Vickery

Food and Tubsren

B1 American Tub. Ca. 1 同

Imperial Tobacco Co, Ltd--71s.

Miscellaneous

13oardman Marden Lids G

Br Oxygen Ltd. Ord-3 d. Canadian Paciile

Bly-$45.

De 1 Rue Co. Ltd. Ow-fix.

rank Rubber Co-241 41

Inbertat

Clin Gas-149.

Lyone & Co-70x 3d.

Unilever Ltd.

J'aper

transactions;

DANKS

HK Back»

Buyeta Sellers Rates

120 1215 20 1270 20 1270

3 1243

201710

INSURANCES Union

Lombard

04 10

43

100

SHIPPING

Wheelck

7.40

7.45

2173 7.45 1000 i 7012

120 10 7.10

400 or 134

DOCKS, ETC

K. Whorf. Dock

174

143

300 D1

629131

200

200 vị tư

Provident

XD Talkoo

18, 12.70 ** 50

200

700 331

or

LAND, ETC

*k Hotel,

HK Land,

Я ли Humphrey

XD

Bowater Paper Cory Gid-00 Gu. Rezily

Indio and Electrical

Associated Electrioni-My 3.

Electrical & Musical-637 31.

Big Electric Co 424 30.

General Exetrie- .

Shipping

Indo-China Stran Nav. Ca, def ard-278.

P&O Steam Navigation def ni- } UTILITIES 425.

Great Universal Storey_(A"~~195.

400-46 51%

200 63

2000 or 5314

THURSDAY, MARCH 17, 1960.

U.S. may Good advances Yesterday's Closing

change

sugar

quotas

Washington, Mar. 16. The Eisenhower Administra

ilon will shortly ask Con- gress to extend the Nn-

tional Sugar Act for four years and give the President discretionary authority to change im

quotas, including port that of Cuba. Republican Teadera reported

details of the proposILĀ Rome After IL 'conference With

the President Elsenhower at Widle Hour this morning,

Senator Everett Dirksen, the publican later in the Senate said the main points of the pro- from pore: leghdation-part the 4-year extension and the

| diveretionary authority for the Prezident were some quota modifications and provision for re-allocation? of defolts by countries which did their quotas.

sold

ROL

Au

continue on

Wall Street

New York, Mar. 16.

The stock market advanced again in moderately It was its active trading on Wednesday. fourth rise in a row.

The market was higher and aclive at the opening following Tursday's good advance Gains were widened in afternoon trading.

Stocks were at their highs as the anal tour began. Therentter some proit-taking left prices below their best for the day.

Steels and chemicals led the rise. They were joined by the rails, drugs, airlines and trical equipments. Some of the electronics andi

selected issues

also advanced,

elec-

Most gains ranged from a few cents lo around three dollars a

share.

Of a total 1,195 issties rodod. 649 were higher and 318 lower. Dow-Jonts closing Averages

were:

In answering to a question from reporters, Senator Kirksen the Cuban situation was

impelus chastrals "Not necessarlly" the behind giving the President this 20 Ralls discretionary authority.

Observers say the Bill may 2014 3314 2300 # 3011⁄2

have a stormy passage through sty

31 1000 6 5019

Congress. Some quarters have 2200 2111⁄2 demanded the abolition of the 3500 2119 sugar quota system under which 1.75 1.77 6000 @ 1.778

the United States pays Caba a 1.790

premium for her sugar, while 1,70 0.775others favour a simple one-year extension of the Act, giving the United States time to "wait and see" before taking any re- prisals

against

Cuba.-China

100033

18000 5000

5000

RUBBER

Amalg

5.63

024 1000

Trust

7.30 TAB

Sungata

Tram XD..

23

34 200 331⁄2

Slurry

730501;

Marks & Spencer 14d-724 60. Woolworth F. W. & Combis 410.

Stur Ferry.

Youuti

153

122

50 $53

100 155

$75

1020

174

C. Lipst

221 22.0

1740

22.00

1500 221

200 20

1.60

3200 221

Electric

... 27.40 27.60

2233 21.70

“100 sr 27.85

1300 27.co

Textiles

Coat J & 11th-351 1ąd.

Courtesalda Ltd.

Mines

Cory Goldleide of South Africa-

ták D. an-

Dagenham, Mar, 17. The Ford Motor Company

nounced today income last

£19,780,841

that is year compared

nel

WILS

with

Cona, Zine Corp. Ord-dva Ga.

be in defie a

liongkong Tin-67 4560.

Fetaling Tin-70 Od,

Fund-dos d

2033 10 27,7

Mail Speelt.

Exchange rates

Business was done in the local unoMcial

market excitange morning at the following raics: US dollars (per $3)

Sterling notes (per 1) .....

| Australian notes (per 21) Indonesian rupiah (per 100)

Siam teula (per 100) Singapore (Straits)

13 Ulties

65 Stocks 40 Bonds

610.73

140.01

87.71

204.20

6.68 144.12

Comtn. future price, kdex

AF and UPI.

Closing Prices

Abitibi Pur. & Paper Algoma Steel Corp.... Amor. & Foran, Power Am. Gas & Electrie Am. Mach & dry Am. Natural Ga Am. Stiger Raf Asbestos Corp.

Baldwin-Farm,

Bank of Montreal

Bank of Nova Scotia

Cal Tractor

50%

Heyden Newport Corp. Hiram Walker.... Homestake Mining Co. Imperial Dil Inland Steel Co. Kimberly Clark Lily Tullo McDonnell Aircraft National Dairy

Dairy Prod. Noranda Mines Ltd. Olin Mathieson Pena. Salt Co. Pitney Bowes Raytheon

Royal Bank of Canada Sears, Ructuck & Co. Rchealey loc

Bobr Alreraft... Southern Co. (The) southern Railway (Com) Sleep Rock

Stone & Webster

Time Ine................ | Tradery Finance

United Gas Corp.

U.A. Line Co. Western Union Tel.” Co.

-uri

Fixing of rubber

prices

Singapore, Mar. 18.

Singapore

Chamber of Commerce Rubber Association has abondoned the fixing of official closing priots for RSS No. 2 to No, G.

for the Asso-

A spokesman ciellon said that the delay in- volved in fixing official closing: grades bad prices for lower 137 bean rastricting

407%

2341

dealings

these during the

in brief period

10

635

Tho

Beech Life Savers

없다

Bell Telephone

43%

Beneficis Finance

24

Bendix Aviation Corp.

70121

this

Boeing Airplane

27

British Amer. Oll

12%

6.75 British Columbia Pwr. 15.95 Cana. Bk. of Comm. 12.00 Campbell Soup Co.

2.10 Canadian Pacific R. 28.00 Cone (J. 3.) Cn.

1.61

10

30

Celanese Cup,

Colombian Carbon Co.

4612

Weet Driefontein

Goldmining—|

Tel. XD

3714 373:

Consolfunted Paper

30%

17€ 34.

COTTONS Textiles

Consumers Gas

30

1.34

9,95 2000 op 10

Diamond Alkali

55%

<1/1

were

Synd

Britis Burma Petroleum-20 154

Erius Petroleum

Co.. Lil-15x

INDUSTRIAIS

2000. 0.95

Listillers-Beogrami

3

Cement

STORES, ETC. Dalty

20.90

45 45%

་་་

Nanyang

27 1000

..

1000 28.00

MISCELLANEOUS Vibro XD INVESTMENTS

13.40

15.00

8000 200

Dominion Stores

48

15.40

Dougins Aircraft

Dow Chemical

Firestone Tyre & Rubber

59

First Nat, City Bank

Bunnal-47M.

2000

20.00 Int.

100 8.20 1000

Gatineau Power

Shell Transport

A

Trading-140

Altted

0.00 6.05

Georgia Pacifie

3.

Watson

20.20

5000 6 6,85

Gen. Pub, U11.

i

-Reuter.

L. Craw

Goodrich 13. F.) Co.

£13,320,558 the year before,

TOSC

Trading income

from £24,001,514 to £32,191,743 and total sules from £200,000,000 la

£233,200,000.

At home 230,600 units old compared with 202,133

1058, and 230,167 exported,

compared with 219,439 in 1959.

-Reuter.

Southern Kinta Cons Ltd-27s Dd.

inton Corp-72 DJ.

British Boraco Petroleum cat-634 Dd.

300 2114 1200 270E 3000

2714 400 1 37+ 1000371 12093714

L19 0009

2000 6.03

281.

cach day when offices in Singa- pore and London are in tele- phone contact. The Association ometal closing began fixing

prices for sheet No. 2 to 5 on Mor. 7.

The Association will continue

to fx offeinl noon prices for No. 1 to 5 inclusive and closing 454 prices for No. 1 (two shipment 401

months and spot)-China Matl 732 Special.

COMMODITY PRICES

SUGAR

NEW YORK Closing prices all in cents per

Jb.:

Contract No. 4 (world) May: 3.00: July: 318; Sept: 3.10; Oct: 31: Mar: 3.23.

Toldi Sales: 300 Contracts.

Contract No. U (domerijo)

May: 0.72); July: 561; Sept: 0.87 Nov 6.01.

Total Sales: 142 Contracts.-AP.

COTTON

NEW YORK

Closing prices all in cents per

3233; Oct:

1b.:

May: 1b;.

30.00%

LIVERPOOL Closing prices all' in vence per b

American Contract March/April: 21.70: May/June; 22.10; July/Au: 22.80; Oct/Nov: 24.10;

2300 Mar24ppl:

RUBBER

SINGAPORE

Closing prices all in Straits cents per lb. 1.03, Malayon ports:

No

Max.

APEL

11835-182

No. 2 Ma

No. J

No. 4

154-313

Spet rubber anbaicu

Blakel erepe

No. 1 pale crepe

13034-1169| 113-11634 1315-1434

UPI.

** FOREIGN Bret Mar: 11.05; R

EXCHANGE

May: 31.31b: July: 11.376

NEW ORLEANS

Closing prices all in cents per

ib.:

May: 32.32 July: 32.34; Oct: 30.00; Des: 30.85: Mar: 31.12; May: 31.38; July: 3133; Oct: 300; De: 30.02.

SAO PAULO (Closing prices all in cruzeiro per kilo):

All unquoted.

LONDON

Closing rates;

New York

Montreal

Copenhagen

Frankfur

Average prices in US, at 14 de alguated spot markets: not avail- able.

Paris

Milen

Total sales: 10,527 bales,

Zurich

2.00-2.0014 3.00-9/18-2.00-11/10

10.34%-18.347 11.70%-11.201 13.77-13.7714 170336-174416 12.181-12.1716

➡UPI.

stability

Quest for

of copper market

Dur

Sir Ronald added that after seeing the copper-belt perhaps

Salisbury, Mar. 16. 1.2-day conference in Salisbury discuss corman problemis, The quest for stability into

the copper market was tomorrow will visit the Kartba

Din and then leave for a nowhere more urgent

of the copper-belt. On Sun- thin in the mining indus-day, they travel to the Belgian tries of Rhodesia, the Congo.

and Chile, Sir! Congo Ronald Prain, chairman of the Rhodesian Selection the council members World Trust Group, told dele-botter be able to appreciate the gates to the International desirability Wrought Non Ferrous dustry has so long sought" of Metals Counell here last establishing some stability

the copper Industry both as to night.

the rate of output and rate of 12 profitablity. China

from

The delegates countries who yesterday began Special.

which

this

in-

In

Mali

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