Fare Z
THE CHINA MAIL, THURSDAY, OCTOBER 20, 1060.
REMARKABLE OPERATION
Famed shipbuilders
to
spread out into home appliance line
John
By Alexander Thomson
(With diversification in industry a current talking point, Alexander Thomson talks to the man behind one of the most remarkable diversifying operations in Britain.)
London, Oct. 19. Brown and Company famed as shipbuilders and engineers is to barge its way into domestic appliance business. Electric blankets, fan heaters, food mixers and. a range of electric cooking utensils are to be marketed by one of its satellite companies.
So while one end of this big group hopes to wie the job of building à 20 million Atlantic Queen Mary, successor to the another side will soon be court- Ing housewives.
And if that is not diversi- fention with a capital "D" 1 do not know what by.
This remarkable sprend is all Lart of the policy of 47-year-old Lord Aberconway as Chairman at John Brown,
Already it is a big stake in helieuters machine fools and steel making. And it is, work-
# on such new-fangled things automatic car parks and supermarkets too.
OS
SUCCESS SECRET Bend its latest adventure is the quite story of backing righ
the with
right ideas, which after all isi. one of the secrets of success in very big business.
Twelve years ago, John Brown and company' deelded to pizt money
behind A. 30-year-old self-taught engineer named Genre Bridges.
He believed that there were bir opportunities in making Kmall electric tools for home handymea and others.
ile was right.
now, is on the site of what used 10 ba Prices candle tnctory.
The owns eight river- side acres there. For the time being part of the property is let off to Buttersen Heliport and other users. "But we hope to need it all in time," Douglas Bridges told me us he showed me around.
OTHER IDEAS
"That means you have uther ideas un your sleeve," I said. "What wit your next develop- meat be
Douglas Bridges shied away from that one. We have matty plans," he said "but none that would care to discuss at pre- sunt.
HONGKONG
STOCK
EXCHANGE
NEW YORK
YORK STOCKS
SHOW DECLINE
ON AVERAGE
New York, Oct. 19.
A good recovery near the closa today left the stock market
with a net loss on average.
Guld stocks advanced. Youngstown gained around 12
In the steels. Plymouth Oil rdded around 2 in the oils on news of a 11⁄2 per cent stock dividend while most other oils ensed,
Ford and Chrysler Armed in the motors where American and General Motora slayed close to home. IBM dropped around
In the electronics and Zenith around 1 while Toxas Instru- monts fell around 1.
Procter and Gamblo added 2 In the blue chips where Owens- Minola
gained around 3. Brunswick lost close to 1 s traders sold on the news of u 12-for-1_stock split and boosted
dividend.
Polaroid
a good rose 5' in recovery rur the close. Epat- man Kodak foll around 2 in an pastor chemical group,
Today's volume was 2,410,000 shares.
Of a total 1,201 shares traded, 390 were higher and 570 lower.
American Exchange volumo was 999,000 shares. Bond volume amounted to. $3,890,0000
bay
Dur Own Correspondent
Business done at the Hong- Exchange this kong Stock
to amounted morning
Noon proximately $2,440,000. This new domestic appliance
morning's and the side to John Brown and Com-quotations
transactions; pany's interests will of course be small compared with the group Khares as a whole.
Anyare Sellers KK Bank. 1245 1293
Balos
Dow Jones closing 30 industrials 20 raila
But it demonstrates once again the extent to which this famous company is spreading out from traditional c of ship- Ite
buliding.
Tike Courlaulds and several olher of our modern company giants, it believes in having several strings to its indus- Irial bow.
10 1300 13 utilities 30 1295 63 stocks 40 bonds
20 (200
$ B $295
20 1290
101200
averages;
į
Monetto Chentical Go Montecatini
Montgomery Ward Matoruln Inc.
National Biscuit Co.
National Cat Rea" Nations: Dalry National Lead
National Steel Corp, New York Contral Noranda Mines Ltd Norfolk & Western Ry. Northwest Airlines North Auner. Aviation
(Coin.i Oklahoma Nat. Ges Olin Mathieson Die Einvatore Owen-Ittinol Class
Oxford Paper Co. Purifier Gas & Elec. Pan American Airways Paramount Pictures Parke Davis Oo, Penny J. C. C. Penn. Sail Co. Philip Morris Pitney Bowes encur & cao cá Pittsburgh Plate Com Pubileker Industries Pullman
Pure Ou
Radio Corporation Radio Corp. Prof.
Raytheon
Republic Steel
Reynolds Motal Reynolds Tobacco Royal Bank of Canada Reyal Dutch
Rheem Mfg.
Sears, Roebuck &
Shell Oil Co. Safeway Stores Saint Her. Paper Sohenloy Inc. Scott Papar Siegler Corp.
587.01 Binclair pu
120.60 Smith, Kine & French
Sogony Mobil Oil
13.91 South Puerto Rico Sagor 190.12 Southern Co. (The)
64.33 Southern Natural Gas Southern Pacific Co.. Southern Railway (Cin.) Sperry Hand
Comm future price. Index
143.80. UPI.
Closing prices
Abilbi Pwr. & Paper
Aigoma Steel Corp.
Albed Chemicals
Alle Mills in
ประเ L
124 120
100 125
50 193
200 m 125
Whar! Wheelock HK Dock
Co.
200
150 w/ 242
7.00
107
100
100 100
Aiden k, Auy.
200 100
200 107
From the shareholders point
1200 100
2
500 g 21.00
All Chaumeri
1250 91.00
424 4215
200 42
1500 42
[ BTS
300 gr B214
1100
12
good mange-
1K & S.
of view, the more they have the Ch. Prov... 11.80 The firm of ¦ better-provided S. N. Bridges and Company of meal goes with them. Ballersen today has what would say is the biggest factory in contral Longion.
I
And John Brown and Com- nany holds more than £900,000 of its present issued capital of
million.
Geurge Bridges, now 50, is a man who has always liked to work with his hands. Al one time he was an amateur sculp- tor in marble.
He is managing director and *technical brain"
of S.N. His Bridges set-up.
brother, Douglas, who is 41, looks after the AnnCES.
Lord Abercon-
way in chalman,
LOGICAL
Douglas Bridges told me to- day "Moving into the domestle appliance field s a Atiru! development for us.
"Alter
for tools handymen about home it is
making
It is when expansion into new: Hotel ... businesses raves ahoud of man-xx. Lant gerial ability that the urge to diversity leads to trouble.
I canhoi seu anything like! that hupponing in John Brown
And and Company.
certainly
not down Ballersen way,
Rubber
market
New York, Oct. 19. Rex rubber futures today
11:20 +000
Am. Brake Bhoo
American Airline
Cable & Radio
Amerio Evans mid Co.
Ainer & Fign Power
1944 Texas Co.
Textron Inc.
Thłokol Che
3ftui
ENT
15%
45
201
44
4014
201
33
痛
London
stocks rise
London, Oat. 19,
Maiden voyages of two new
passenger ships
The two new passenger liners of P. and Q.-Orient Lines the 40,000-ton Oriana and the 45,000. ton Canberra, nearing completion in the yards of Vickers Armstrongs (Shipbuilders) Ltd., at Barrow-in-Furness and of Harland and Wolff Ltd., at Belfast respectively--are sche duled to depart on their maiden voyages within six months of each other.
Stocks returned to higher Plan to market
levels today with indus-
trial Isiuos achloving widespread gains.
Speaks, engineerings, electri! cals, stores, motors, tobaccos and; breweries were particularly in
favour.
Clovernment bonds, after 0 mixod atar, ended up around 1/10 sterling higher. Foreigns lacked life but dollar stocks recodud.
Coppers tins cused and
Golds forged ahead. were neglected,
diamonds tacked
fraction.
on
small
Oils Armed on unlance while rubbers were lower steady.--UPL
'Hovertrucks'
3.
for
Oriana, scheduled to leavo Barrow
dry-docking and triels on October 23 this year, will make her maiden voyage from Southampton on December Her route will take her to Sydney via Suez, from whore she will make a short Pacifle cruise before she salla agala from Sydney to New Zealand, Suva, Honolulu and the West A British company is to Coast of North America. Oriana markat a series of Hover-will return to Southampton vis
the same routa. trucks- robust commer- cial vehicles, the first of which will carry a payload of five tont, based on the of the early principle Hovercraft.
and
Loas
say
Closing prices
British Government Securities 31, Consolidated- €44-8/10. Be Conversion-00-1/10.
%, Bavings 1903/05-£17.
3 Savings 1900/70-£78-7/16.
Banks & Insurance
Barclays Ord-556 92.
Chamorad Bank-
Itongkan Bank-
Bc.
Linions Inmurando-a Tic.
Berman il-laki.
Royal WIN33 04.
Babcock
Unned Biec)-79% 40. Vickers Ord-20# 10.
Industrial
Standard Brand
Standard Oil of Cai.
Standard Oil of Ing,
Standard Oil of NJ.
40+
$37
Steel Co. of Canada
40
Steep Rock
Sterling Drug Co,
21
Stokely-Van Ching.
401
Stone & Webster
35%
Studebaker-Packard Corp
10%
24% Sunanine Mining
Swift & Co.
42
Tide Water Ofl
$30*Tline, Inc.
164
Tri-Cont. Warrants
68
Twentieth Century Fox Fim
3815
Union Carbide
...
11322
7
Untos (0) of Col
414
American molting
40
Union Pacule Hallway
De La Rue Ord-87% 80.
Aan. Sugar Ret.
28132
American Tel & Tel
971
16
100 or $2
American Tob
wy
Yaumati
101
103
31
200 G LUZ
Anaconda Copper
43
Armeo Steel
2716
150 g 102
4527
1d
100
101
2200
31
2000
23.to
142%
49
Marks & Spencer "A" Ord-031 dů. Roila-Boyes-te (d.
Standard-Triumph-.
2211
Woolworth or Day Bài
HK Train
Ch. 1ght
3112
B2
23.50 23.70
HK Elec.
26.60 26.70
UK Tele..
3622 30
Hita.
closed unchanged to 15 points higher on sales of X Tele. 52 contracts. Futures scored minor gains Jogical to make equipment for today on the basis of a shatter.
ing of factory interest.
- housewives loo."
I asked "Is not this a difficultings were negligible
900 14
400 00
A. Gas & Electric Ain. Home Prod.... Am. Moch. & Fury.
American Metal
Am. Natural Gas
200 g BI
200 gr 103
Ampex
100
Arinpur
Asbestos Corp.
Atlas Cons, Steine
Balwk-Lima-Ham.
23.70 Baltanore & Ohio
10G or 23.80 Bank of Montreat
420 23.60 Bank of Nova Scotia
500 23.50. C. Tel. Co.
1300 28.10 Dell Telephone
309 0 28.70 Besseficial Finance
160 M 26.00 Bendix Aviation Corp.
600 34 Benguet Cone.
500 34
200 0 304%
Bethieberg Steel
Boeing Airplane
250 364 Brillah Amer. Chil
10000 353 Calif. Packing Corp. 83 350% Cana, B. of Camin
Cana, Brewer
20 20.30 Campbell Soup Ce. 2010 Cadian Pacillo R.
175 20 Case (J. 1.)
20,10
Offer
CI
Cement 5415 50%
100 67
1000
50
with the
100
5015
10000
58
1me to start doing so what with Singapore market closel and the credit squeeze and so on?“ į many manufacturera held off to
"WC expect Bridges said:
rough competition. But that does not worry us. Our prices are going to be very competl- tive. We had to fight our way into the electric tools business when we started. So we think wwe know what we are about."
The S.N. Bridges plant in
か心い what prices
Singapore tomorrow.
will do i
The cur-
rent month for No 1 Res was quoted at 334 cents.
In Lonton the rubber mar- ke was quiet with spot quoted
at 28 nominai.
1 Amsterdam, the rubber
Battersea, ali spankingly brand market was full today-UPL
P.O
LINES
Dairy Farm
Ex. Div....
WALIO
fa 20.20 Cat. Tractor
Celanese
31 310 3500 315
3003
150314 2400 31 3500 314
27.70 27.00
6.80 BJ0 10000 77 0.05 10031 8.04
Allied Ind. Textile
Nanyang 14.00 14.30 Amst. Îlubber Exc. DlY..
4,00
Bub, Trust 0.10 8.20
Taikoo
K
031
Humphreys
24
Realty
1,575
#1 Cak +
1000
1000 3.05 -1000 m 5.90 330043.10 10004 0.10 200 or 64
300 + 04
3000 G 031
300 24.50
1200 24.02 1.00 10000 1078
2000 1.90
10000 4 1.875
15 16.50 300 15.20
B0000 AT
100 15 8000
15.16
15.10
Tril) Towerź.
8.60
114.10
2.10
HR.K. & PEE
Day.
CHinan
Star
Ferry
Macao Elec.
Lane,
-12 12
Craw, 4115
Failerfont
Vibru
1070
IC. I. T. Corp. Corp.
Chase Manhat. Bank Chryster Motors Cluest Peabody Colgate-Palmolive Co. Colombian Carbon Co, Commetal Credst Corning Class Works Consulated Edison Consolidated_Paper Consumer Gas Candiacetat Can
Continental Oll of Del,
Creole Pet
Crane Co.
Crown Zellerbaol:
Cuban Amer. Sugar
Douglas Alrosaft
United Aircraft
United Frut
Unted Gas Corp.
Fol "3"
US. Gypnum
61 US. Line Co.
32U.S. Rubber
26 U.9. Smeung
JU.S.
11 U.S. Stee 7 P.C. P.F.
20% Warner Bros.
5436 Westinghouse Air Brake
Electric
451 Wen Tel. Co.
401
West Va. Pulp & Paper Winn-Dixlo Stures
563% Woolworth BC. W.)
1 Zenith Ryde
30
VESE
10914
UDI.
Yesterday's Closing
Asoc. loc. Inthatrien12s Gol Assoc Portland Cement-728 to. Beardman, Marden Ords Act. British Motor Ord-ins dd. Costs (J. & P.) Ord-570 Courtaulds Ord-578 40.
Dunks Rubber Orch-2M,
d.
Elec. & Mus. Industries- sa Ford Motor Ord-02h 1d. General Electric Ord-Ma iki. Gilman (Holdings) Ord-25 6. Great Universal Ord-549. Hawker Siddeley Ord-30 Imperial Chemical Ord---72a 3d.
Unilever Ord-1534
De Bears Dek—147x Oct.
Petaling Tin—18 16. Union Corporation-61 14. Bowmaker Ore
78.
Canadian Pacifle, Ord5383%. Hongkong & China Gas--16s, P. O, Steam Nav. Def- 100.
-Reuter
The Hawker Siddeley Group that Foiland Aircraft,
On June 2 next year Canberra will depart from Southampton to reach Sydney via Suez on the 28th of the same month. Sho too, with snil via New Zealand and the Pacific Islands to the Western seaboard of Canada and the USA and will return to the UK on a similar route.
Oriana's maiden voyage will
| Hamble, Hampshire, are follow-last for over 31⁄41⁄2 months which
ing up their design studies Into possible types of ground effect vehicles,
Simple controls will make tcm almost as easy to drive as any ordinary truck and they will be na more difficult to maintain. They will be capable of operating over land, water, marsh or broken ice, or along rough, bulldozed hoverways in undeveloped areas, says Hawker Siddeley.
A demonstration model, in- j eprporating the truck's features, is now under development at Hamble and is expected to bo in operation In the near future. It will be known as the GMM (Grouma Effect Research Machine). palented system
of control and propulsion 'will give it a considerably greater degree of manoeuvrability, both while hovering and
includes the oruisą from Aus- tralia, while Canberra will take Just under three months on her round trip-LPS,
New tests on aircraft
The SC-1 vertical take-off research aircraft which feature of was a main the flying programme at
Fomborough the recent
Air Show has been put through
series of
rolling or short take-offs Brothers tests by Short
and Harland,
This is a reversal of the usual the ul speed, procedure of first using
vertical-ft engines to than has so far been achieved four
by any other ground effect get the aircraft off the ground vehicle--LPS.
priur to opening
tbo sup horizontal - thrust engine. A. menna thaŃ "rolling" take-off the alterati taxls along the runway a short distance before opening up the lift-engines so that the SC-1 climbs away with all five engines running.
While the toata have unkter way
COMMODITY PRICES
METALS
prices, all in cents
NEW YORK
Daleware de Hudson Co.
Cloving
Diamond ABAL
per lh.:
Dirti Bers-Sengratris
Leaj,
Dominion stores
Ost.
Dec.
Zinc.
2316
Oct.
Dec.
102
114
Copper,
Oct.
Dec.
Dow" Chanical
Dupont de Nemours Eastern Air Line
Zarinen Korlak
El Paso Natural
Family Finance C
Ferro Corp.....
First Nat. City Bank Ford Motor
Georgia Pac
General Dynamics
General Electric
General Foods
General Motors
Gen. Pub, Uul,
Gen. Tel. & Elec.
Gon. Tyre & Rubber
ORIENT
R.M.S. "CARTHAGE"
EMBARKATION NOTICE
for United Kingdom vin Singapore, Penang, Colombo, Bombay, Aden, Suez-Port Said.
EMBARKATION:
BAILS:
Passengers should embark between 2.30 and 4.00 p.m. on Friday, 21st October, 1960.
The ship, is expected to sall at 5.00 p.m. on Friday, 21st October, 1960.
BAGGAGE:
Should be sent to the Hongkong & Kowloon Whorf Co,'s Godown (No. 2 Cate) by 4.00 pm. on Thursday, 20th October, 1960.
SUBJECT TO CHANGE
Agreed merchant
rates
Bolgian Francs Selling 800.
Heydon
Hiram Walkgr
Howman Refrig
Idaho Power
Emparist O
Maximum Imperial Tobacco
Unit trust
First Hongkong Fund: Buyer Price: $1.05. Seller Price: $1.07.
Exchange rates
Tusiness was done in the local
Iraget Boll-O
Inland Sice), Co,
Interchemical Corp.
Tot Toes Matinea Int'l Harvarter
International Nicka! International T'aper Min Tol & Tel
Nov. Estate crept,
Thin
Do
thick
Dok
37-27%
20
· AMSTERDAM
Closing prices ali in guilders
per kilogram, c.l.f. Nov.
10.
No. à rubber
rubber
No. 3 rubber
No. I cryp
3焗蝦
1.13
1130
LONDON
Closing prioos, all in storling
20
RUBBER
208 buyers
2.04 buyers
26 buyera 3.32 buyers
UPL
COTTON
NEW YORK
Closing prices all in cents per
32.15 nom
deleted
31.30
31-86
32.50
32.60
$70
NEW ORLEANS
Closing prices all in cents per
SUGAR
NEW YORK. Closing prices all in per lb.:
Jan,
Contrast No. 4 (world)
Mar.
May
July
been
officials
the firm's have been holding discussions with interested parties in other countries. Mr Hugh Conway, jolat managing director and: chief engineer at short's, says: "We are
pressing ghend with design projects
having and discussions with German, French and overal United States firms as to the means of using our vertical take-off and landing cents experience
mutual
Spot-.A., Cuba)
Total Salon: 40 contracts.
Open interest: 2,005 contracija,
Contract No. 6 (domerito)
Nov.
Jan.
Mar.
Total Sales: 6 corstenote
4,00
4,00 0.33
Open interest: 240 contracts—UPI.
FOREIGN BACHANGE
NEW YORK
Closing ratee: Crizada
England officin
in
per long ton
ib.:
Buyer Sellern
2314
Glkiden Co.
Tin,
spot anoth 48% Copper, *22
Spot
504%
014
Oct.
197
Tezi
Deo.
Mar
rpot
210
May
Goodrich (1), r.) Co.
bontir
220
22011
July
Goodyear Tym
Zinc and tail,
Oct.
Grool Northem Railways Grauman Airerait
Oct.
Bay
07
Dec.
3122
Гал.
MAC.
Gulf O******
1814 Lead 2nd half.
May
kammoria
Corp
Oct. Jan.
001%
GO%
July
031
3515
ib,:
Spot
Oct.
Ded.
Mar
May
July
Dec
closing
Mat.
Johto-Monvina Co.
Kaiser Industries
prices, all in conts per ib.:
MAY
July
Kansas C Power & Light!
Nov.
22.00
Jen
Kammavoti Coppre
X2.10
Kimberly Clark
Mar
Takamit & Myers Tob, Co.
May
Lily Tulip
Jay
300
Anverlein Contract
Lition Ind.
Sept
Oct,
23.70
toblow Groestarie
Lockheed Aircraft
LONDON
Deu
Low Incorp
Lone Star Cement Co.
Closing prices all in pence per
Mat
May
23.30 23.40
Lorillard P.
ib.:
Unofficial exchange market moming, at the following talent-
this
Lowenstein & Bone
No. 1 spot
-
July
21.30
McDermott 3, Tray
Settlement botiga ferm:
Mixed Contract
13. Splav (par 31)
040
kebonmail Aberrati
Out/Dee
Sterling nothi (pre £3),
19.03 Merck
Australien notes, per 21)
22.37
Membi tren Corp.
Calo
@Weekholm
VITOR
Indonesian rupiah (per 100) ...
285
Minnesota Mining
Kingapore"(&Temšta)
Bist sie, our 100
30.12.
Mlodon Revelopement
Brewery
NEW YORK
Rex rubber futures
Apr June
Generel înarkaje, 9.1.3.
20.78
cleteled
31.13.
31.03
30-dan
$3.10
32.45
53.00
Austraila
New Zealand
32.60
South After
31.00
Others unchanged.
33.10.
Closing rates
LIVERPOOL Closing prices all in pence per
Now, York Montreal Amelerdim
Elesmela Copenhagen
TRIKEUTE
LONDON
vantage."
Commenting on this progress, the Society of British Airscaft Constructors say? wwith the #C-1 and the Hawker: 1127, which is due to start flying trials soon, Great Britain is in the forefront of development In this fold. This fact: was 92- knowledgod during Farpborough week by Herr Strauss, the West Germany Defenco Minister, safd that he bolleved Britain was the most advanced country by the development of aircraft. - Ho vortical take-off thought the SC-1/was' »""mile- stone, in the history of, aviation and also of mastering nature', and a triumph for the British aircraft industry.".
who
The 8C-I's design was created in 1914-85 and, frat, few as p
| donvensional atroraft early in
| April 1957 The first tethered.
| voziloná | šake-off), was .mado 100 /* towards the end of May, 1958,
2.8120
208073
17076
$8500 2.8025 2.4165
and the feat free vertiesí, tako- off in October of that year, In April, 1900, the SC41, made le Arst transition from fet-borne hovering to wing-borne forward Sight skid badle again to vertical" landing
"""The amount of knowledjo gainoch, ever' the list five yótta- In this fold tas heen, considers [able,"?" skys,; Mr Conway, "and, [2016 |the advmingos, of tackling ↑ the whole problem ourselves wish own engineers have been Immense; the fact that we have been able to demonstratá úthe full: Olglik onvalope of the afri ¡craži repentedly, and so quOCREAT ftulis, over the last fest waMARK,
our
No comments yet.
Private notes are available after approval.