=
THE CHINA MAIL, THURSDAY, JULY 28, 1960.
NY MARKET RECOVERY HONGKONG London stocks.
BID FAILS TO HOLD
New York, July 27.
The stock market's one day recovery petered out early today.
STOCK EXCHANGE
Our Own Correspond int
The list managed to hold a slight upside edge in the initial trading but lost kong,
it when profit selling picked up momentum,
Trading dwindled steadily | Crown Zellerbach
· Cuban After. Sugar from yesterday's pace. Some Delaware & Hudson Co. analysts spoke of a new down Diamond Alkall turn unless the trading was Diamond Gard able to quicken on the upside.
Douglas Atrerast Dow Chemical
Eastern Aline.
Eastman Kodak
El Paw Natural Gas Family Finance Corp.
Une broker, discussing yester-Dupont de Nemours day's broad recovery, noted that *Selling climax falled to pricede the rebound, suggesting that the force of recent liquida- tion had not beer completely
pent.
noticeably
The market was lower from the standpoint of the averages.
Du Pont toppled more than Tour points, Allied Chemical more than twa, Westinghouse a pom and United Aircraft more
the one.
kolls were also hard-hit
Lost gains
Sailing hit the steels Grst, sprending to other sections of the list, Youngstown fell around three, U.S. Stect a half and Bethlehem around one.
Electronics lost all of their early firmness with losses more than three in Motorola and Zenith and a point or more
Firestone Tyre & Hubber Firi Nut City Bank Ford Motor Co. ut Cana. Ford Mord Gatineau Puwer Georgia Pacifie General Dynamic General Electric General Foods
General Motors Gen. P.ù. Util. Gen. Tel. & Elec.
en. Tyre & Rubber Getty
Ou
Glidden Co.
Goodrich B.F) Co.
Goodyear Tyre
Great Northern Railway Grauman Aircraft Gulf Oil
Hammond Orgun Heyden Newport Cu Hiram Walker
Humestake Mining Co. Hussman Refrig Idaho Power Imperial higersoll-Rand Inland Steel Cə.
Interchemical Corp. In Business Machines
Int Harvester
International Nickl
International Paper
in Transiron, General Instru-Int'l Tej & Tel ment and Beckman,
Autos cased, vending machines wore dem and aircrafts mixed.
Today's volume was 2,560,000 shares of a total 1,206 shares traded 308 were higher and 669 lower,
American exchange volume was 810,000 shares.
Bonds volume amounted to $4,370,000.
Dow-Jones closing averages
30 industrial
1 Falls
15 Utilities
BS Stocks
40 honds
Comm. future price index
Closing Prices
144,17
Johns Manville Ca
Kaiser Industries
Kansas U. Power & Light
Kennecutt Copper Kimberly Clark
Liggett & Myers Tob. Co. Lily Tulip Liton Ind. Lablow Graceterias
Lockheed Aircraft Loews Incap. .... Lone Star Cement Co. Lorillard P.
Lowenstein 3 Song.
McDermott J. Ray
McDonnell Aircraft Merck
Musae Iron Corp.
Misstor, Development
Montgomery Ward
New York Central
41
Union Carbide
1415 Union Oil of Cal.
Stock
Business done at the Hong-
this Exchange mering amounted to ap- proximately $1,554,000. Noon quotations and the morning's 41% transactions: 28th
Shares 20% HK Bank
LX. LAV. Union Whard
119
2111⁄2 Union Pacific Railway
873% United Asteraft
United Fruit
United Ges Corp.
25 3:5. Line Co.
دانه
900 G NG TV C 800105
affected
by bank rate
London, July 27.
Stocks were on the downtrend mainly in unsettled markets today, but gold mining shares and dollar stocks moved against the trend.
Miscellansons
J- British Oxygen Ltd. Ord-100s 10.
Canadian Pacific lily-$124. De La Rue Co. Ord-85 94. Dunlop Rubber C5-251 d. Gilman Holding Lid-2 44d. Hongkong 2 China Gas-174. Imperial Chemical-dia ġd. Lucis & Co--Bus 734d. Unilever L158% Paper
The heavy rate of bank loan The shown hi the mid-July figures helped keep buyers on the side- fires and industrials fell back on a broad front. Leaders like Imperial Chemical · Industers, Dunlop, Courtaults and Vickers ground but moved into lower internationally favoured Vall- ever and Philips Lamps met de- mand and went ahead.
Buyers Sellers
Bates
28%
1185 1200
79
US. Foll "8"
37
ຄ
10
US. Gypsum
100
775 Wheelock
7.30
11534
U.S. Rubber
29PAU.S. Steel
31% US. Smelling
20% HK Dock 731
10%
2:40 7€ 3000 @ 135 12000 733 100 200 100
344
US. Steet 7 P.C. FF Warler Bros....
125
Westinghouse Alt Brake
Provident
1950 1940 199 kr 1
UL
Western Union Tal. Co.
West Va. Pulp & Paper
200 @ 13.40 TUO 19%
Winn-Dixie Stores
Zenith Radio
2069
UPI.
HK Hotel UK Land
*C!
41
LX 0.40 600 19,40 1500 44 561% 273 5C1
Yaumati..
175
17
2000 56 1000 50
10
Steels and
engineerings
ground
did as
stores and
314 314 21 21.90
27.30
74%
7415
81
78!
Rubber
market
review
New York, July 27.
HK Tram Ch. Light
Electre
Tehune
+
37 STA
Cement
62
53
Dairy Farm 27.30 27.00
Allard Jav 5.83
Rex rubber futures today | Moyang closed five to 25 points R. Trust higher on sales of 71 con- tracts.
Dock
After the spot month went off the beard sharply higher. fu- tures settled back to slightly m ubove prior closing levels.
4.
100377 500 176 15003132 200 A 21.70 21.70
500 27.70 500 21.70 300 27,70 300 90 27.00 16800 $73 30037
5245 2032
53) 27.50
20027
2932 5.30
17.50 1820 2000 3000
19.20 13
8 £20 1000 i 5.10 1000 i 8.10 403 St 2001 51
50. 50%
100050
40053
2004 5016
171 50 109
1.725
14 10000 194
Star Ferry BK Gas
The firm finish reflected some late factory offlake to go along | Lane, Crow with an improvement ot pri-
mary markets.
Most factory interest was con- fired to the higher grades for
21 October arrival, however,
19
234
754
10K
12%
Minnesota Minang
6912
10%
001.56
Monsanto Chemical Co. Montecatini
38
33
132.37
21.03
392
Motorola Inc.
TG
109,58
83.80 National Bistui co
594
National Cash Reg. "A"
54%
National Dairy Prod.
53
Nalone! Ind
National Steel Corp.
́s 381%
Norfolk & Western Ry
Northwest Airlines Com.)
48%
Oklahoma Nat Gas
30%
Olin Mathieson
$14
Chts Elevators
Allied Mills Inc.
33
Owen-boots Glas
All Chaliners
27
Oxford Paper Co.
Am. Brake Shoe
39
Pactli Gas & Eler.
American Airline
19%
Pan American Airways
17
American Cable & Radus Corp
Paramount Pictudes
American Cyanamid Co.
53
Parke Davis C.
Amer. & Furyn. Power
Am. Gas Electric
7 Penny J. C. Co.
An, Home Prod.
Abilib) Pwr. & Paper
Alden Inc. Ary.
Algoma Steel Corp.
Allied Chemienk
Am. Mach. &F dry
Americt Metal
Am. Natura) Gas American Smelting Am Sugar Rel. American Tel & American Tob, Ampex
Anaconda Copper Armen Steel
Armwur
Tei
Arkestis Corp. Atlas Cans, Mining Balvin-Lima-Ham.
Baltimore & Ohio
Eank of Montreal
Bank of Nova Scotia
Erect Life Savers
B. C. Tel. Co.
175
58%
141
65
53% Penn. Salt Cu.
Philip Mua tha
Pitney Bowes
Procter & Gamble Cu. Pittsburgh Plate Glass
49% Portland Gen. Elve. Publicker Industries Pullman
Pure Dil
Radio Corporation
The current month on No. 1 Rss was quoted at 38% cents.
In London, the rubber market was very steady, with quoted at 30%.
spot
In 'Amsterdam, rubber market
was quietly steady today.
IMPROVEMENT
The Singapore market opened slightly better on rather im- proved sentiment from overseas.
Lower grades were in some
17" demand with small business
HKFE Inv.
14 14.30 2714 14.10
Motons were a dull section, lost
popers.
CRITICISM
issues thraz
Among miscellaneous Channel Tunnels dipped shillings to close at 20 shillings on new criticism of the project. Gilt-edged receded and losses en 1/6th of a gound were widespread but the government securities had a steadier look! Foreign bonds lacked features.
Most dollar stocks tacked un with International tractions Nickel and Chrysler the excep- tions.
Gold shares held arm with several leaders slightly higher in quiet trading, but
coppers
and tins both drifted lower. Easiness prevailed in oils. Rubbers and teas were
Closing Prices
1000 14 14.10-UPI.
4
500 41
100 m 414
Int'l Lovest.
(Old) Gilman
8.00 8.90
14.90
Macao Elec. 12.20 Dre.
25.00
15.30
Vibra
NY sugar market
Güttedged Bonds
British Transport £50-16/18.
dull.
3 1978/83...
Consols 2,9%-RW,
Consels 4-£85%. Convertion Loan
£59-11/10.
Funding
Loan
1901... 21670.
1920/G9- 37L
Finding Stock 316, 1999/2004...... £14.
Funding Loan
1963, 93— 4. £87-5/18.
Savings 3. 1985/65-£87-11/18. Sayings 3% 1960/70 £78-8/16. - Savings 35%, 1005/75— £70-9/16.
6d
New York, July 27.
17% passing at yesterday's differen-World No. 4 sugar futures today
8tials with buyers over. The
503
1012 market closed quietly.
2612
During the afternoon session, $4% better trade enquiry improved prices by about one cent before prefit-taking set in.
closed unchanged to four points lower on sales of 121 contracts.
od
Domestic No. 6 sugar futures. Anished a point higher to ai
392/ Demand for lower grades tol-point lower on sales of 38 con- i 23lowed on
differential bases. tracts. Without further enquiry, the
UPI.
35
116 market turned quiet.
Exchange rates
Sk
Barclay's Bank "A" Lid ord-574
Chartered Bank-ls. Hongkong-60
Lloyd Bunk "A"-C02.
National & Grindlays
.Insurance
Bank-34
Union Insurance Canton-£5-13/16,
Aircraft and Motors
British Motor Corp. Ord-15; Bt. Ford Motor Co is 6d. Bawker Siddeley Group Ord-27s 101 d.
Rolls Royce Ltd Ord125 d.
Rootes
"A"-- 3d. Standard Triumph International-
Quiet trading and an easings 7. Breweries
35
3d.
Distillers Co 40s 411⁄2d.
South African Breweries-245 30.
Building and Material Associated Portland Cement-601. Goudlass Wall & Lead
Ord-30s
Bowater Paper Camp Ord-67. Radio and Electricni Associated Electrical-$0. Electrical & Musica)–40s Cd. English Electric Co-ala Gd. General Electrionis Odi,
Shipping Indo-China Steat Nav. Co. det i ord-235.
P&O Steam Navigation del ord- 30s 714d
New navigation
and air
control equipment
¿LECTRONIC methods of controlling the world's
ELE
airways and coping with increasing traffic density while still strengthening the safety factor underlie many of the electronic exhibits which will be seen at the 1960 Flying Display and Exhibition Debenhams, Ltd. Ord-s 19. at Farnborough in September,
80.
Stores
Great Universal Stores "A"-88 Marked-778 4!$
2.Com 15a.
Woolworth
Textile Coals & P Ltd-bis 4to. Courtaulds Lis
Mines
Cons Goldfields of South Afrtes- 58x 104.
Cans. Zine Corp. Ord-780.
De Beers def—1408.
Hongkong Tin-lls 71;d,
Petaling Tin-78 70.
Rand--71 d.
Southern Kinta Core Lad-275 30. Union Corp-40 301
Several of the firms exhibit- ing under the
flag of the
Electronic Engineering Ass British railways
ciation will show new methods of aircraft control, in which the comp:exilies of traffic simpliged for
troliers.
are new warning system
the ground con-
At busy terminals on intr- national routes, traffic density
PLANS for equipping the
five principal routes of
is already acute and is threaten-British Railways with a new West Driewontein Galdmining-ving to limit the expansion of type of automatic warning
оц
British Borneo Petroleum cate-dla ch
Syndi
British Bunnah Petroleum-1s Bd British Petroleum Co., Ltd--488. Burmens 3d.
Royal Dutch Petroleum-212-1/16, Shell Transport & Trading 129%, 3d.
-Reuter,
New record
for world
rice output expected
London, July 27. World rice production in 1959-60 excluding Com- munist China, is expected
system by 1963 is pro-
air services.
Among the electronic exhibits gressing well says the British at Farnborough will be new Transport Commission. Most of using computer main lines will be similarly methods techniques to take over some equipped within another five
years.
The system is unaffected by
of the purely routine work of the controller, presenting him with a "cleaned-up" picture of
heat, snow 'or ice and can be the situation containing only the used with any form of traction essential information on which he must base his decisions. Bri-steam, diesel or electric. An automatic electro-magnetic sys- tish firms have predominated in tem tells a train driver in his this form of information handi-cab whether distant track side signals eme "ON" or "OFF" and is perticularly useful In bad visibility.
The system was evolved after
ing.
SEMI-TRAILER
and
its
The efficiency of radar and
years of exhaustive trials and radio position finding, has im-Incorporates the best features
Standard of the proved considerably,
two old sytems. It Cables will gives an audible warning on Telephones demonstrate
2 approaching o distant signal, PVT automatic triangulation system sounding a bell for "CLEAR" or. hom for "CAUTION", 1 ita information warning that a next signal which takes from a network of directionat dinger.
which obtain
an
Is
finding stations
A special feature of this rys- aircraft bytem is that a visual Indicator bearings on
of its radio-telephone remains in front of the driver after he has cancelled “CAU- means
TION", reminding him that he simmals on VHF and UHF.
to set a new record at 138 The bearings are transmitted has taken over complete million tons (paddy), ac-¦ cording to the Common-
Com wealth Economic mittee's July report issued today.
price structure characterised world futures dealings, dealers decided to wait cut the expected boost by Cube in her minimum export selling price. The world raw market was dull. Little was doing, in domeile 15.88 futures, New York refiners cre
It said harvests in Japan and 13.57 reported well sold up with raw
British American Tob. Co., Ltd - Indonesia touched new high 2.80 28.03 sugar for their immediate needs. sa 710d.
1.6-UPI.
Business was done in the local woffelst exchange market this morning at the following rates: 1.S. dollár (per 31) Sterling qoles (per 1
Australian notes (per £1)...
29
дат
2331%
50
2831
33
581
Raytheon
3715
0175
Republic Steel
581
Reynolds Metal
4415
Reynolds Tobaceu
101
ung
Boyal Dutch
33
Rheem Mfg.
1744
123
Sears, Rockuck & Cu
50%
31
Shell Oil Co.
317
Siam ticals (per 100)
Indonesian rupiah (per 100)
$51% Safeway Stores
Singapore (Straita)
58
Saint Heg, Paper
37
Schenley Inc.
44
Scott Paper
Bell Telephone
Beneficial Finance
28
Sinclair Oil
Bendix Aviation Corp.
66
Smith. Kline & French
Benguet Cons
1
Socory Mobil Oil
Bethlehem Steel
43
Solar Aircraft
Boeing Airplane
Borden (The) Co.
Burroughs Add Machine
Brilish Amer. Ol
British Columbia ec,
Calli. Packing Corp. Cana. Ek, of Comin. Cana Brewers
anadien. Packie B.
Case (J.
484 Siegler Corp.
27 South Puerto Rico Sugar
49% Southern Co. (The)
33
Southem Natural CLE
25% Southern Pacific Co
52
Southern Railway (Com.)
3424 Sperry Rand
600
Standerd Brends
382
Standard Öll of Cal.
Standard Out of Ind.
Co.
101
Standard O of NJ,
Cat. Tractor
25
Steel Co. of Cineda
Celanese Corp.
2324
Sterling Drug Co.
C. IT Financial Corp.
351
Stokely-Van Camp
Chrysler Motors
421
Stone & Webster
Cluett Peabody
51
Studebaker-Packard Corp.
Colgate-Palmolive Co.
Sunshine linkag
44
Swift & Co.
Commercial Credit
Consolidated Edison
Textron Inc.
Consolidated Paper
Consunters Gas
41
Tine Water Oil
Continental Con
30% Time Ing.
Continental Oluf Del.
45
Traders Finance
Tri-Cont Warranta
4034 Twendeth Century Fox Film
35%
Colombien Carbon Co.
123 Texas Co. 略
38% Thiokol Chen.
Crepe Pet
Crane Co.
37
5.09
Yesterday's Closing
Coul, Steel and Engineerlag Babcock & Wilcox Ltd-34s 10 d. United Steel-7ts 6d. Vickers Lid308 114d
Food and Tobacca
the outlying stations by trol of the train.LPS from telephone line or radio link and the aircraft's position is shown almost instantaneously television screen against a map
On
#
'Every sailor
of the surrounding terrain loves a pin-up'
This equipment excited interest when it was shown at the
Imperial Tobacco Co. Lid-639 94. levels while those in India, British Exhibition in New York, i
COMMODITY PRICES
COTTON
NEW YORK
SUGAR
NEW YORK Closing prices all in cents per
LONDON
Closing prices, all in sterling per long ton:
Tin
Spol
819
3-month
SIB
Copper
Spict 3-month
23.5
2481
July
72
13.30 nom
Oct
721lb.:
31.138
Zine 2nd half
Contract No. 4 (world)
31.33
31.70b
July Och
50!!
Sepl.
3.34-35
然
Oct.
3.35-36
12.13b
-UPL
Jan.
7.3n
32.150
Mar
3.216
32.33
May
3.27b
32.347
July
3.30
32,63b
Spot-ITAS. Cuba)
3.38
Closing prices all in cents per Leid 2nd half lb.:
NEW ORLEANS Closing prices all in cents per
RUBBER
lb.:
May
Judy
Mar
Moy
LIVERPOOL
P&O
R.M.S. "CARTHAGE"
EMBARKATION NOTICE
For United Kingdom vie Singapore, Penang, Colombo, Bombay, Aden, Suez-Port Said.
EMBARKATION: Passengers should embark between
Oct/Nov 2.80 and 4.00 p.m. on Friday, 29th July, 1960.
NEW YORK
BS.
Total Sales: 121 contracts
Open Interest: 4,427 contracts aff
Contract No. 6 (domexilo), Sept.
6.15
8.11b
NY. ex-
6.00
Total Balea: 38 contracis
31.00
31.30b
Nov.
31.901
314b
32.000
Rex rubber futures closing prices, all in cents per lb.
Spot--(0.11.
'duty)
31.15b
July
49.25
37.22b
Sapt.
36.68
31.285
35.84
208.
Jari
35.80
32.05
Mar.
30.10
May
3485
July
34.40
Closing prices al in pence per
lb.:
American Contract
July/Aug
Oct/Nov.
Dec/Jor
Mor/Apell
Nov.
SINGAPORE Closing prices all in Straits
Open interest: 2,299 contrasta, uff
-UPL
FOREIGN EXCHANGE
NEW YORK Closing rates:
1.02 29/32
cents ports:
per b. f.oh. Malayan
No. 1 July
1050
No. 1 Aug.
100%
May/June
No. Z July
Mixed Contract
No. 3 July
1052
July/Aug.
No. 4 July
1092
22.70
50.00
Spot rubber unbaled
10112
Blanket crepe ·
991
Cassada
22.80
No. 1 pale crepe man
1043
England officia
2,808
22.06
LONDON
-days rdays
3.8025
27995
22470
per Ib.:
New Zealand
South Africa
2.0125
Balcium
£90050 1990
Other unchanged.
LONDON
METALS
Thee./Jars
Mar/Apr
Ming/Time
BAILS:
The ship is expected to sail at 5.00 p.m. on Friday, 29th July, 1960.
BAGGAGE:
Should be sent to the Hongkong & Kowloon Wharf Co's Godown (No. 2 Gate) by 5.00 p.m. on Thursday, 28th July, 1980.
18:2 Lend
SUBJECT TO CHANGE
- NEW YORK
Closing prices, all in cents per
13.30p
Closing prices all in pence | Australia
No, 1 Rss out.........
Settlement house term:
Sept.
Oct/Dec
Jar/Mar
2014
309
20%
304
30%
Aweden
Apr/May
General markets, els basis, ports:
Closing rates:
New York
Montreal
Aug Sept.
thick Aug
AMSTERDAM
Amsterdamn
Copenhagen Tesekkurt
loding prices all in guilders O
per kilogram, clf. July
Poria
No. 1 rubber
No & rubbe
No. 3 rubber
No. 1 crepe
UPL
Paldisten and the Philippines
were
crops
near-records.
Bumper
from
were reported Brazil and other Sputh Ameri- can countries.
Exports of rice so far record- ed in 1960 were higher than a
year
zgo with Buna's ship-
ments particularly high. Egypt
There will be at least 40 electronic firms at Farnborough and their joint exhibits will be worth millions of pounds. LPS.
has reappeared as a significent Trailers for
exporter, the report said.
Hoy shipments from the
deliveries under Public Law
for local currencies,
con-
London, July 27.
har
Line THE Orient
recognised that "every
sailor loves a pin-up" in designing the crew cabins of their new 40,000-ton finer, Oriana, under construction at_Barrow-in-Furness.
Every crew cabin will bo 'fitted out with a grey and blue hard- board panel on which the crews' favourite pin-up girls will be displayed
An Orient Line official said recently this was the first time that arew pin-up girk had been catered for by the company.
tho
Un ted States reflected large swamps and roads 480, allowing surplus disposal TTWO high flotation fully
The decision to incorporete the FL tracked trailers with The committee said prices of removable bogies which can after an inspection of the last panels into the cabins was taken most grades of The rice were be converted on the spot to rent imer to be built, higher in mid-June than 4 conventional road transport, Orsova, where it was noticed that month earlier and Cambodian
have been made in the cupboard doors had been pock- during the prices improved
Passenger cabins will not be month. Milled rice prices in United Kingdom for the red with drawing pins. the United States showed a first time.
equippe said, "Passengers get with pla-up boards. 'slight downwird tendency, the
They were shipped recently so many other forms of enter- report said, UPI.
to Port Harcourt for use by tainment while at sea.
of
Production
record for BMC
London, July 27.
.
Develop
The
The
Shell-BP. Petroleem
£14,000,000 sterling ment Company of Nigeria Oriana is due to make her maiden Limited.
voyage" from Southampton 'on December 3, and will operate on The use of removable tracked the Britain-Australia and round- bogles means that the trailers the world services, China Mail cha ekher be used fully tracked Special.
in the swamps of the Niger deita or, fitted with normal rubber tyred bogles, for road work.
EFFICIENCY
The trailers are standard 28- tor oilfield trailers adapted to
Special baggage containers tried
London, July 27.
by a firm in northwest England. Is considering using the design of Breil mineRANS-WORLD Airlines, The rear bogie arrangement i
An all time production record 655.57 vehicles, during its current financial year, which ends on Sunday, was announced today by the British Motor readily removable and be fitted special baggage containers, Corporation, manufacturers of with either a fully tracked which ride on cushions of Austin and Morris cars among bogle or a conventional rubber gir, to help, beat congestion others.
tyred bogle,
The figure showed an increase of 35 per cent over last year's total of 486,048 and of 30 per cent over the previous record in 1957-58.
At the front
end, when the tracked bogle is and hold-ups at London Air- removed, the trailer can be port North—orilval and de attached to a fifür wheel tractor parture point for trans- and, operated as a semi-trailer. Atlantic Hights, e
A spokesman of the airline
A total of 119,340 vehicles The front and doilies are said that one of the big problems were exported to the North joined to the traller frame by faced by let operators was the |American market-Reuter.
a normal fifth wheel attach time. ment, thus allowing the trailer passenger to load and unload baggage, especially to be used in a fully articulated at peak perfoda.
device,
Agreed merchant application. The rear bogle is
rates
The Trans-World'
nig nited with a quick release known as the "glidealre"" was catch similar to the fifth wheel being tested operationally in the attachment, with the addition United States. It was an of rubbing plata gulties to ena ulantatum container which fods Canadian, Maximum Selling able it to slide on to the king on a mislilon of air. It could 18 15/18: Minimum Buying, pin. Spring loaded' plus are cally be handled by one man 17 5/16 T/T. 17 1/4 Q/D. BY ured on each side which lock and could carry up to 1,200
· Evlen Franon, Maximum Sell,. In position, when the bogle is pounds of baggage China Mall
Ing. 25 1/16-
No comments yet.
Private notes are available after approval.