THE CHINA MAIL, WEDNESDAY, NOVEMBER 23, 1960.
Wall Street registers
LONDON minor gains HONGKONG
STOCK MARKET
London, Nov. 22. The following are the prices:
on the Landon stock market:
Closing prices
Melilch Government arcirīties 259th, Conwolidated - 248. 35) Conversion—£6014.
2. Sevitava 1900/70-£ 7E-9/10 32. Savings 1985/75-211-11/1.
1055/05--£00-0/732.
Banks & Insurance Barclays Ord-67# 24. Chartered Bank, Hongkong B1G
Lloyds Bank-77x öd,
Lombard Banking Ord--176 d. Union Imurance- £ 8-1/32
ON
Bonnah Ol-30% 3.
Hayal Dutch-1
Steric Engineering
Babcock, 4. Wilesx Ord-345 71501.
Tilted Sled Vickers Ord-29 Sd.
Industrials
Assoc. Eleg. Industries-4415, Assoc. Portland Cement--60 Ccl.
Boardman, Marden Ördek · 60. British Motor Ord---10 4146,
Costa Q. & P.) Ord—885 Tisd.
Ord yd. CHE
D
Dunlop Rubber Ord-21 Oct.
Fire. Mus. Industries44, 0, Ford Motor Ord-134 1
Gilman (eidlapa Ord--2k, 7156.
Órd=304 15,0.
Great Univer Ord Hawker Siddeley Marky & Spencer "/""
4tion Ord-20# 41260,
Rolls-Hoyer-4.
StandardTehnopfi-64 3, Unilever Ord-50% 414u. Woolworth Onl-BK 190.
Mines
De Beers Del-133g Man. Petaling Tin-16 f.
Miscellaneous
Bowmaker 010-24 1c.
ONE -
Hongkong China -19
Indo-China Def. Ord-21: 1074d.
10. Steen Nav. Del 304
1940.
-Reuter
New York, Nov. 22.
Stocks continued their advance today but
mostly with only minor gains.
Electronics, steele, foods, on tertainments and chemicals all stretched their advance, frae- tionally.
Loses of a half or mory Re- showed in Youngstown, publle, US Steel and Bethlehen, but softness here was said to reflect a generally gloomy steel outlook and the latest prediction which puts operations this week at their lowest love since early July,
Ford Kained klightly in response to British approval of the company's plan to acquire complete control of its Dritish subsidiary. Most other motors were down in fructions.
three
IBM mude Knin of points in the electronics where Texus Intrument added more than a point, General Time more than a half and Motorola around 19. Twentieth Century Fox climbed nearly 141⁄2 in the entertainment while Polaroid eared in the cameras,
| Balthure & Oblo
Bank of Montreal
Bank of Nova Beutin
Heorh Lile Savers Bu Telephone Bethlehem Steel British Amer. On Cana. T. of Comm. Cuba, Brewers. Catadion Pacific H. Chase Mantrat. Bank Chrysler-Mufors
onnuretal. Credit Corning Glass Works Consolidated Edison Consolidated_Paper Communiers Gas Creole Pet
Ford Blotor Ou, of Choa, Ferg Mue
Georg Pacifie de Electric Genial Food
Garth. Teri & Ever.
STOCK EXCHANGE
by
Our Own Corpspondent
Business done at the Hong- kang Slack
this Exchange morning amounted to approxi-
212 mately $3 million. Nov:
No agreement yet
in
U.S.-W. German
economic talks
Bonn, Nov. 22. American and West German high level negotiators have failed to reach full agreement on ways to ease the U.S. balance of payments deficit-- notably on direct defence payments by West Germany and the talks will be continued by experts tomorrow, informed sources said. There may also have to be new talks later, they added.
Ar American delegation pokesman, asked if he was satisfied with the progress "of talks, replied, "no rom- ment".
the
A press conference which had delegation been forrest by sources for tomorrow has been cancelled, the spokesman said.
Eteller, the American
Robert negotiators, led by Mr Anderson, Secretary of the Dougins 'Treasury, and Mr Dillon. Under Secretary or 1000 ft 2010; State, had been reported holding out for a substantial direct pay- ment,
40%
2957
quotations and [xansactions:
the
morning's
1234.
407
14
LombK
Shares Bayern Bellers HK
Sales
1323
1730
20 1330
Ins.
4214
175 42
201.
| Uulan Ins,
125
1124 ur 126
Crane Co.
Cuban Amer. Sugar
1437
Wharf Co..
244 434
1500 e 120 13248
Waterboat
27.321
Djumand Alkal
5035
Wheelock
Distillers-Seugrains
317.
Ex. Div..
1.2%
972 2000 22 9.85
Dominion Stores.. Dupont de Nemours Eastern Air Line Eastman Kodak
·0124
KOU 8.70
190
2500 of 9.00
221
ISO 1.0N
111
3000 1,70
Ferro Corp.
40
5000 11,70
2000 912
40004
1100 be $1,10
THE
380 1,65
HK Dock...
105
foa
C. Pravinent 22.10 22.26
300 22.20
20
3000 22
Corp.
2152
IK Hotel..
421 4249
2300 421.
1000 e 423i
npr Teen
12
fat's Bustiers Machines inti arvates
BK Land ..
091 15 1000 1 89
45%
International Nickel
1200 4 611 1800 64 00
6421
407
Youmai...
Kinnerett Comit idly Tulip
264
(Bonus)
K TRIS
105 LOJ
32 3214
100
To Lion Dd.
934 M 32 500 er 3212 100 6 329
Tackheed Atjerati
Lone Sta
Laws incal Co.
C. Light
24.CO 24.70
Land 1.
Minesota Mining
377%
912
Moons Bruwery
Mission Development
HK Elec. 20.80
***
209 20.90
311
...
Today's volume was 3,430,000 shares.
Of a total 1.248 shares trod od, 402 were higher and 590 lower.
American
exchange
Goodyear Tyre
Heyden Newport run Walker Imperial O
volumen Tel. & Tel.
was 1,120,000 shares.
Bonds volume amounted 30,020,000,
Closing prices
Ablubi Pwe. & Paper
Allen Inc. Agg
Alguina Steel Corp.
"Ailled Chemicals
All Chinees
Amrican Airline
Aur,& Fotgn Power
American Melal American Sinelting
American Tel 4 Tel
American Tob
Anaconda Copper Arinour
2005
Mongomery Ward
National Cast leg.
National Lead ***
185 New York Central
Nowada Minna Ltd. Ole Mathlesan Got Elevators
225
heathe Gas &
пз
Elec. Pal Amerkan Airways 411 aramount Pictures priti sui gy
33
Atlas Cum Mining
Asbestos Corp
Pitney Bowes
21 Pittsburgh Pinto Cins
Textile development
agency proposed
New York, Nov. 22.
Prtland Gen. Elec.
Pullman.....
Radio Corporalom
Haytheon ***
Republic Steel
Reynolds Metal
Пleynolds Tobacco
Royal Bank of Canada
Schierley Inc.
Sinclair Oil
Bocey Mobil Oil
30%
Southern Pacific Co.
Standard Brande Standard Oli et Cal Standard Oil of Ind Standard Oil of NJ Steel Co. of Canada Sicep Rock.... Sterling Drug_UD. Stokely-Van Camp.
Studebaker-Packard Corp,
Stone & Webster Swift & Co. Tradera Finance
Texas Co. ***
The Textile Workers Union of America (TWUA) AFL-CIO, has called on President-elect John F-Kennedy-to-establish-a-textile-development agency to promote the development of new industrial and consumer uses for textiles pro-US Fo ducts.
meeting here,
The 12-man executive council. It urged Kennedy to imple
the Pastore committee's at the conclusion of a live-day ment quarterly
also recommendations with particu- eritielsed textile industry pro-lar emphasis on "the need for posals for casing government a texile development agency allowances for depreciatimi ynder tax laws.
Union Carbide magnet Union Pacle Raliway United Aiterali
U.S. dyperen US, Rubber U.S. Smelting
IK Tel... 301 9074
[N(s)
3000
4000 423;
200 0 321:
500 ir 32
1000 4 24.70 500 24.10 500 24.75
20% or 20.80
200 20.00
30028.00 2000 un 30%
1000 A 3014
300 301
500 6 30%
188 10.20
325 19.80
800 14 20
300 20
600 M 5715
2000 Be!
31 1005 + 33 100333
Cement
5115
09
2300 653
Dolfy
... 321
Watson
31% 3924
Allted
Inv.
Textile
::
6.70 6.65 1000 6.80 9.55 9.75 250 9.43 1000 9,00 1000 # 0.05 Nanyang.. 18.50 18.70 500 10.30 1000 10.00
New York
cotton market
New York, Nov. 22. Cotton futures were narrow-
Jy
and mixed
quiet throughout the session.
PAA celebrates China Clipper anniversary
Pan
American
New York, Nov. 22. World Airways today celobrates the 25th anniversary of its China Clipper flight opening trans- Pacific service to the Far East.
are
department
The China Clipper 25 years a erew
of seven: ago carried today only two of them #1 with Panam.
Wikon T. Jarboe, then radio now At the close the list ruled nine officer on the plane, is points lower ip three higher administrative assistant in the REDUCE OUTFLOW
after opening this morning 10 | communications points lower to reven higher. Informed sources later con-
New Orleans futures finished 14 firmed that there would be fur- ther talks
In which points lower to three higher. on ways West Germany could help to re- December liquidation prior to duce the U.S. dollar outflow by
Arst notice day tomorrow and 500 million (£214 million) in
switching Into more distant 1991.
Enter the scurces had mid
wanted the Americans
positions kept the old crop ensler. New months showed scattered Armness at times on Wes!
house purchases. Germany to previde this sum to cutmission eover the antrual cost of station-But by and large, southern ing troops and dependents here, offerings were enough to fore-
stall any advance.
This is about a 16th of the citr- rent annual American payments defolt of nearly $4,000 million (about £1,423 million),
The weekly weather bulleti excellent harvesting indicated weather in all areas
except California whero pickings are hampered by bad
West Germany hne a pay-being mants surplus
weather. rising at a role of about $2,000 million (about £714 million) a year.
No dule was mentioned for the new talks which would take place at a lower level.
direussed Questions to be
German would include West 1000 16.70 A. Rubber 5,85 5.70 50000 5.70 ald
Cour- lo underdeveloped 1000 5.70
tries, bigger Wesi German R Trus Taikuo Duck, 6016
arms purchases in the U.S. and The reduction of trade barriers to American exports-ReVICT,
7.45
7.55
07
5000 v 15
750 0615 409 01:5
200 67
400 100%
1.00 1.023 31009 1.90
Really
***
HK. Gas
15.30 13.40
707%
כר
5000 14 1.99
1000 1.925 1350 13.30 5031330 035 15.40 149.10.30. 500 of 15.40 SPOR IN 1.40 3000
$45
B. 10.20 100 10.20
1000 10
2.375 2.425 400032.40
Metal Indur 1.40 Jef' fav.
Giman
Warner Bros, Westinghouse Electric Walworth K. W.)
493
-UPI.
US. Steel
Exchange rates
Incal
at the
following Fles:
U.S. dollar (per #1) Sterilng notes (per 1) Australian notes (per Indonesian rupiah (per 100) Bath ticals per 100 Singapore (Straits)
1
5.64 15.04 12.02
Unit trust
.
watch would conduct a prim Krainme of a basic research to The Counell said the proposals develop new industrial and con
Business was done In the sumer uses for fibres and fabric." ! unuicial exchange market would "yloid a bonanza in 18x- savings for textile, corporations
called on The Council also but would riot stimuleto
President Eisenhower lo cancel economic growth" and would
rales on tariff result "la П rald on the proposed new federal treasury
without sub-wool fabric imports and urged institution of a Briff-quoia sys- stantial benefit to the public."
the historial The union charged that thetem to safeguard
of domestic production; Eisenhower administration has level
an increase in the 45 #eglected the problems of the
per cent industry and has refused to im- ad valorem turiff rate, and with- plement any of the polley redrawal of the benefits of the
nation cinus commendations made last year most-favoured by a Senate Interstate and for- from foreign imports inɔnufac- eign commerce subcommittee tured under sub-standard con- headed by Sers, John O. Pastore dillong in the country of origin. (Democrat-Rhode Island).
EXACT
FIGURES
EVERY DAY
UPI.
First Hongkong Fund
Buyer Price: $1.04. Seller Price: $1.10.
2000 2,40
131000 * 2.425
3000 2.425
C02,40
2000
2.423 2000 2.40
Lane, Craw, 41 41 300 4112
Sugar market
£
ר
West Europe
trade talks
Rome, Nov. 22.
Liverpool futures closing 10 English points lower to 10 higher. Three were no exports
today. reported
Grey goods were slow with prices showing no signs of improving.-UPI,
A
Far Eastern charters
London, Nov. 22.
Italian Premier, Professor ment from the
of Australia to the
Amintore Fanfani, have ordered their experts to hold detailed talks on the two trading groups -
Market the Common "Six" and the Free Trade
Seven."
75/-.
The other Victor Wright, then à flight engineer, now & super- visory pilot.
Since
Panam
Jaboe spoke in retrospect of his part in the rst fight. He recalled how they had to use a radio-telegraph "key" for send- ing and receiving position in- formation, weather and flight operational date,
CARRIED MAIL
The 1935 light carried mall, including letter from the late then, according to President Franitiin D. Roosevelt who was 60,125 Pan American to Manuel Quezon, Airways transpecific flights have then president of the Philip
Passenger service WHA followed the trail-blazing China pines,
week 35 clip-inaugurated a year later. Clipper. Every
Panam cald the first China bery leave the west coast of
at 8,000 feet at heading Clipper flew United States tho
the then astounding speed of westward to Honolulu and the
130 miles per hour, Today's in- Orient.
icrcontinental jet clippers cruise at 40,000 feet at 575 miles per hour. The Martin four-engined flying boat made the Hotlulu leg of the trip in 17 hours and 57 minutes (compared to hours 5 mirutes In today's jet time)-UPI.
Biggest vessel is launched
Ship- the
The Blythswood
building Co. Ltd, firm on the river Clyde who have specialized in building oil-tankers sinco their institution in 1919, launched their biggest
vessel on November. 7. Sho is the Hamilton Sleigh, with a deadweight capacity of 27,500 tons, and her length of 015 feet between perpendiculars is almost as great as the breadth at the river at that point, But to the order of Navigation Company Ltd.
the for
H. C. Sleigh Lid, of Melbourne, Australia, the vessel was named: by Mrs Peter Sleigh.
New series of
light aircraft
A
London, Nov. 22,
machines Eleven different
are available in a new series of two, three and four-seater light aircraft for business and pleasure flying now boing pro duced By the flem of Auster Aircraft.
Great importance has been
For Eastern charters were fairly active on the Baltic
The vessel is built on the placed by the designers cn.com- exchange today particu- longitudinal system of framing fort, quietness and fatigue-free use of metal larly in the grain section. to Class 100 Al at Lloyd's to flying, and the
for wing spars in conjunction with their latest requirements
jong weathering. cargo.comprising 12,000 vessels carrying oil in bulk. She icw-om,
paint finishes, In a further move to bridge tons of wheat in bulk ex-silo
44 ft. 0 ins, plastic-based is 82 ft. beam; moulded depth and about 33 make the aircraft svilable for the western trade split, was arranged aboard the motor
30 wond-wide operation, including Slivkibeck for move- f1.8 in. draft: there are Mr Macmillan and the vessel
where trepics,
worden main cargo tanks comprising 10 the western states
struct vos ate always suspect. centre and 20 wing tanks, and a UK
The with three i
tubular-steel fuselage large pump room 1/March 15 position. February
steam arbo driven horizontal has been rounded to give oddi- The rate of 77/0 was Dgreet centrifugal cargo oil pumps, tional space Inride, and external with the option of direct London etch pump being capable of dis- attachments, such as lift strut discharge of 75/- or Antwerp-changing 1,000 tons per hour. ends, have been faired for add- Homburg range discharge at
Aluminum brass heating colts ad speed and economy. New York, Nov. 22.
of ample capacity are filled in
Basle specifications of all air World No. 1 sugar futures to-
all oll cargo spaces; the steer craft in the range include An 11,000-ton cargo of wheat
ing gear is of the electric electric starters, gonerators. 3.25 day closed unchanged to
bulk ex-silo was booked total of 1
carpets. duni 24.13 point higher en
1.80 gules.
The study is similar to those from Sydney to fullrange Italy hydraulle four ram, type with sound proofing
telemotor control from
the controls, flops and reversible Domestic No. O sugar futures Britain is holding with Westers aboard motor vessel Goldstone navigating bridge. The other steerable tallwheels. The seat anished unchanged with no cales Germany, and diplomalle ob- and chatterers agreed 75/ in deck auxiliaries will generally ing has been, developed with
servers here sald the decision reported
1/20 January
position with be steam driver and the engine careful regard to body form and electrically is claimed to be the most com- Buxiliarles took to make it was the most con-
shipment fuom activity Only Ibnited!
options. A
fortable offered on any cam- pince in
of the futures market again eretu result
two-day but at 12.000 tons was arrang-driven.
Optional the two
The accommodation and or parable Vessel
aircraft, prime aboard the motor month | talks between lodoy the only traded being the March position in the ministers which ended tonight. Alexandrow in December 20/rangements for the officers and extra equipment includes blind same crew will be very commodious Aving Instruments. VHF, radio world contract.--UPI,
Router,
und of an exceptionally high and extra long range fuel sys- standard and finish, and
an tems...
"The permulathung allowed by A cargo of rice and generals owhers' suite will also be pro-
captain's varying the engine power and was laken aboard a 15,000 ton vided. The owner's, vessel for shipment from and chler engineer's rooms, cap mainplane alze produce remark- able vergrillty When. for ports in the Dairen-Shanghal tain's dining saloon, officers' and
and example, the longest engino is range to Rijeka in December engineers dining baloon
officers' and engineers smoke usted in the small, light LV20 10/30 at 52/G .Lo, and stowed.
room will be panelled in po-
expensive and luxurious sport- In the European section grain lished timber with the interiotater, the result is an in- chartering was quiet and rates furnishings to match; plastic ling light aircraft of phenomenal faced bulkheads will be At- pertatikunee-ebpecially when remained steady. A liberly size ranged throughout the officers", cargo was arranged from the engineers and crew's rooms and led with a constant epced pro- U.S. Atlantic coast Japan and passageways, the unchanged rate of $103,500
terms.-- agreed on flo Wis UPL
Yesterday's Closing
COMMODITY PRICES
METALS
NEW YORK
Closing prices ull in cents
per lb.:
Murse
Dec.
Dee,
Jan,
Copper Dee.
Jon.
LONDON
LONDON
Closing prices all in pence per
COTTON
NEW YORK
Closing prices all in cents per
jb.;
No, 1 Ras spot on 25-2514
Selitement house term:
Jan./Mar
2512-2312
Agr./June
2816-2531
July/Sept.
257-201
Nov./Dec.
230-2311
Generat markets, c.i.f. basis, portai
1b.:
10.27
Dec.
2412-14
10,20
Jan.
247-25
Spot
Estate crepe thin Des
2834
11.07
20.39
20.00
thick Dec... 23 AMSTERDAM
Mar
MAY
July
Closing prices all in guilders
Dec.
MAT.
May
No. rubber
2.41 buyers
July
buyers sellors
100
No. 2 rubber
2.30 buyers
No.
...with Burroughs Director "600" Acbounting Machino
Time's no need to walt unid the end of the dscnth to Qad but whether or not your bust. påan la making a profit. The farroughs "800" Diretor Accounting Machinio gives you the mráčt Agibi at the end of each day ... ... ... or benever you want them! Andreinatubor, this shine kábé operated máistally as well ne electrically, ale for the detalla.........
Call your Burroughs man
BORNEO BUMATRA TRADING CO. (ILK) LTD.
Business Mastries Department,
20-23 Caxton House, 1 Duddell St, Hong Kong. Tel. 27100.
Closing prices, ak in sterling per kilogram, c.l.f. Der:
per lung ton.
Tin spot
Demosth
Copper apol
-menth Lead and half 'No.'
3-manth
Zine 2nd half Nov. 3-month
13
No. 3 rubber
crepe
2.33 buyers 2.60 buyera
UPI.
RUBBER
SINGAPORE
Closing prices all in Stralis ib. fab. Malayan cents Fer
SUGAR
NEW YORK
Closing prices, all in conta per
Contract No. 4, (world) Jan: 8:20; Mar: 3.00; May: 3.08
3.01: July 3,071, Bépl; B.01; 09: Bpot-(X.A.B, Çuha): 320
Total Sales; is contravis. Open intrats 1,000 contracts.
1.:
7220 tiem
31.47
32219
32.47
时时
33.40
NEW ORLEANS Closing prices all in cents per ib.:
July
similar
January 20 position at rate but without options.
Rubber
market
peller.
The sume, engine in the large A swimming pool will be fi bed on the boat deck aft; mee-for-seater enables it to be used banical ventilation and healthy either as a light freighter, am- on the directional louvre system bulance of taxl, and its power will be installed throughout a loading capeclly and ample wing living rooms with self-contained are make it particularly suit-
capable for operation air conditioning Amits its toin's dining saloon, officers' hd high altitude
LPS. and engineers' dining enteon and officers and engineers' root.
MYLOKO
The main aleam turbine, ma- chinery is boing suppiled
by
Messrs David, Howon and Co. Ltd of Glasgow, and will ċodi: sist of one set of dólibla redué- Singapore, Nov. 22. Weakness of
aversous ad-lion geared turbines, driving & vices coupled with general siglo propeller and arranged to develop about 12,700 S.H.P. at uncertainty brought in 105 novelutions per minuta. A heavy jelling in the moit- Steam will be supplied by two ingenion, and prices oil-fired forced draught dater's bitbo bollers of the Folute lowest level sinco Wheeler E.S.D: type, ht, a walk- December, 1958. .. FFFONUN Of 800 lbs, por aquare inch, and a temperature of 360 degresa Paliténkeit, at the auther hester, dullet Blent por trahenting evils and deck
sheets
in tropical countries,
Helicopter skycrane
New York, Nov, 22. naw Sikonky hallcaptor skyerönd lifted a five-ton trailer container from a rallway wagon today and loaded it aboard un'ocean fraighter in the Hudson The démonstratiofi was a pre-
Afternoon ice, was ich auxiliaries will be provided by : & contine eta in rail and dier om shortcovering, paramie genitor Hasnate Sikorsky aircraft, the New ship Transportätiön, öffelals of early from upcountry centres. capacity pla18000 100 per hour York Central and Strick Trailer
33710
to
iba
LIVERPOOL Closing prices all in ponce per American Contract (
Itiletdat in lower work, better, then of into..
DAC. Mar May
29.10
ports:
No. 1 'Der,
$1336-04
No. 1 Jass.
No. Dec,
No. 3 DAO.
No. 4 Dec.
Spot rubber unbated ....
Centres No, G (Domestic) Jan! dj Mer: 5.98; pot-(C.1.£. Total Ballast Hotte,
Mixed Contract
Mar
Minnkel utepe..
Open interest: 140 bohirante
UPL
No. 1 pale drape
Factories showed some in- at 185 JUL per square inch Co. dal.
torest at tower itvel.
in London, the rubber mais Kol Wasteddy... with spot quoted at 2813 perce
workin preDELITO,
Blythewood Shipbuilding Co.
Next year Sikorsky expects to Ltd, has building begins us have a version of the helicopter to 100 feet in lengthwnd, in skyectand that.can_lift nine-ton. action to shipbuilège #packeraller containers. The company ling in steel tabession and such, trâu Dikng off the drawing board construction of for akgaraned to ift up to 40 special mooring booýsaLPA. fonsUPI.
In Amsterdam, the market tasks as Was atsay today,—UPI,"
the
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