1960-11-30 — Page 2

Pagë Z

Wall Street

THE CHINA MAIL, WEDNESDAY, NOVEMBER 30, 1960,

shows

small drop Yesterday's Closing

New York, Nov. 29.

Stocks lost a little ground today but there

was plenty of selective demand around to create an interest at higher levels.

Chemicals were among the wenkest with most oft a poll or more and Easiera Kodaje t'own mound 2. All the motors loss fractions with Chrysler hitlik It new low. Electronies were inlard.

Barber, gained around 3 la fractionally lower all section and U.S. Steel held up a ferge

Rubber

company

wound up

The Chemor United Rubber Co Lid had its last meeting this morning. It was formally un- Hounced by the quidators that the company was itauld- ated voluntarily.

Lawrence

The liquidators were Messra

Kadoorie, 1fortco Kadaorle. Henry Rennie McPhall and Wilbo Clubind Welch.

Arthur

In the report of the company Yr in voluntary iquidaties, Welch said that all asets and abilities of the company had been transferred to the Rubber Trust, Ltd slave April 1, 1951.

Shareholders of the conany,

given one share of the Rubber Trust, I.td fur every three and a hot shares of the company they possessed.

were

Agreed merchant

rates

Canadian Maximum Selling

$17-1/6 Minimum Buying 17-

5/16 T/T 17% 0/D.

fraction tu burk that tap,

the frend la

Strengthening the Dow Jones Justrite average was. Inter- nafional Paper with a gain of close to 2. Owits-Hinols back:- with peint along

110

Mustapad - tiumywei Chuck Full O'Nuts, Metraw- 11 d up erutal 2 on new acquisitions plans.

Merck gabus around 19

1. mestist casier rug petion. 3 JB Around Revien cusmelies and Jersey Standard u fraction to a new law.

Closing prices

Algoton Steel Carg

Auer. & Fogn, Power Am. Natural Cos

Asbestom Corp.

of

Bark Montreal

Bank of Nova Scotia Beech Me Savers 1.C. Tel. Ca

Bell Telephone

Thitish Amer. O

PR Colombia Per

Cain. Bk. of Coun. Canadian Pacifle R.

Corning Glass Works Collated Paper Congues Gas Seule Pet

Bimanu Alkut

Distiller-Sengras

Dominion Störer Forte Corp... Georgin Pucifc

fico. Tel & Elenilway Great Northern Пleyden Newport Corp. Bram Waker Hussan Nettig.

imperial O.... Imperial Tobacco Kaiser Industries Lily Polla

Lollard P.

Narenda Manes Lia Olla Mathieson

1'enn. Salt Cu

Pitney Bowes

Fortinet Gen. Elec Puliman

Haytheon

Royal Bank of Canada Shenky

ne......

Sutra Pucific Ch

Suct Ch. if Conda Step Rock

Stone & Wolster Suwhine Meme

Testron Inc.

Tirloke Chein

Trader Finance

Swiss Francs Maximum Sell-Tri-Cont. Warrants

ing 75.

"Belglan

Selling 863.

Francs

W. German

Maximum

Deutschemarks

Maximum Selling 725.

US Steet 7 FC. PF

Waukesha Motors

: Westinghause. Ale Braktų

Wet Va-Pula & Paper Winn-Dixie Storen

Zenith Rudlo

a

No

COMMODITY PRICES

COTTON

LIVERPOOL

Clering prices ult in peace per

283826

American Contract

22.40

Dre.

Mur.

May

July

Del

Der.

Mixed Contract

Dec.

Mar

May

July

Qet

Dec.

AMSTERDAM

Closing prices all in fullders per kilogram, e.l.f. Dee.

No. rubber

Nu. 2 bb

No. 3 rubber

Nu. I repe

2.44 buyers 2.43 kr/A 2.37. buyers 2.09

METALS

NEW YORK

rise in steel prices expected

tomorrow

Cleveland, Ohio, Nov. 29.

The odds are against a price increase in steel on December I when industry wage rates go up an average of 8.4 cents an hour and total em- ployment costs rise as much as 13 cents an hour.

Sicel Magazine reported today, the low point to which it drop- that major producers reluctantly; ped in last week's Thanksgiving | agree the market will not sup Day holiday period. pert a price increase at this thing. They ore caught in a squeeze between rising costs and a weak demand,

Operations dropped 4.1 point? kast week to 47.5 per cent of capacity for a yield of about 1,352,000 Ingot fans.

Part of the drop came from

A price incrcase is certain as soon as muret editions war-time out for Thanksgiving Day are observance, but some slimmed vani. The anty questions

from shutdown of facilities until demand picks up.

the effective date, the amount

Closing prices all in cents per and which company will make

Ib,:

Lead

Dec.

Jan.

Zinc

Dec.

24,10

Jan.

Copper Dee.

Jan.

LONDON

SUGAR

NEW YORK

10.0

IN 197

11 45

i1.30

28.02 27.90

the first move. Increases prob- ably would be limited to 53 to $4 nion.

magazine

ro

The industry ported third quarter earnings of

on and

companies ktuel averaged only 3.4 per cent of sales. Several steel makers lost

Closing prices, all in sterling money and several others falled stock to cover their common dividends. Fourth quarter re- suits will be worse if nothing

to offset the employ is lone ment cost increase.

per long fon.

'Buyers Sellers

Tin

Spot

790

TOG!!

3-month

790

787

Copper

Spal

2301%

2003

Contract No. 4 (world)

3-month

...

22749

227

Lead 2nd mit Nov.

601

GUY

Closing prices, all in cents per

3-month

GT

873

Zine 2nd half Nov.

07

1b.:

3-month

13

BG12

-UPI.

Jan: 3.20; Mar: 3.00; May: 3.08 July: 306 Sept: 3.04: Nov: 3.01; Spot(F.A.s. Čubai; 3.23.

Tots) Sates: 57 contracts. Open faterest: 1.700 contracts.

Contract No. $ (domestic)

Jan: 6: Mar: 5.92;

N.Y. ex-duty): 0.

Total Sales; none. Open Interest: UPI..

Spot--CLE

147 contracts.-**

RUBBER

LONDON.

Closing prices all in pence per

FOREIGN EXCHANGE

NEW YORK

Closing rates England official

Po-days Australia

Others unchanged.

LONDON

19.30-19.361

11.7145-13.7152

SELECTED PRODUCTS

It is likely that a small steel producing company which is hard-pressed financially will

make the first move on in- creasing base prices of selected products,

Other

would follow sult.

Competition

companies

from

other materials and Imported steel are important brakes on

higher

prices, the magazine said. Ford that reason rome observers predict there will be no beruss- the board move.

Berup is resisting a fur- ther price drop, the magazine salt. Its price composite o!! the prime heavy. melting grade held Arm at $28.83 = ETOSA ton tor the third siralght werk.

Primary olurninlurn pre- ducers turned out 107,015. tons of metal in October and are now assured ca record pre- if output drops this month bad next. The estimated 1080 output: 2,010,000 tons.---UP!.

duction year

Even

HONGKONG STOCK EXCHANGE

The tonnage products such as carbon sheets, bars, plates 2.0100 and shapes, could best stand 2.0030 the increase, according to in- 2.2400

dustry experts, Items that could not stand a price rise are kong

Closing rater:

50

New York

2.00-13/16-2.80-15/16

15.;

Montreal

No. 1 má spot

225-234

307

Settlement home term:

30

Jan/Mec.

251-251

Apr/June

2376-2542

Amsterdam Brussels Copenhagen Frankfurt

2.7414-2.75 10.30-10.60!

139.47-139.52%

14014

July/Sept

252-25

331

Nov./Dec.

257-24

Liban

Oxi

20.

General markets, et, hats, ri

Purls

371

Der Jan.

23-2317

Stock alr

1931, Extate erept 11. Dec. -UPI.

Zurich

thick Dee.

THE UNION OF

SOUTH AFRICA

FROM

80.20-50.35 20.02-20,33 13.701-13.7611⁄2 14.331-14.6335 17443-1744 12.00-12.10

-UP).

EXPORTS TO THE VALUE OF £700,000,000 U.S. $2,000,000,000 ́M $6,000,000,000 H.K. $11,000,000,000

YEARLY!

And Is An Excellent Supplier Of Your Requirements Including :-

METAL INDUSTRIES

Steel, Iron & Pig Iron Mining Machinery

Rock Dritis & Tipped Tools Agricultural Machinery &

Emplements Industrial Machinery &

Spares

Motor Spares & Accesories Pipes, Tubing & Fittings. Taps, Cocks Valve.

Cast Iron Pipes & Covers Bronse. Bearing Metals & . Soldera

Bollers & Condensers Wire & Wire Ropes Bolts, Nuts & Fasteners

ELECTRICAL INDUSTRIES- Batlecies

Motors, Generators &

Switchgear

Cable & Conduit Transformers & Insulators CLOTHING & TEXTILES Ready Mode Clothing Fashion Wear

Footwear of all Kinds Blankets & Rugs

Worsteds

Wool, Raw. Scoured & Tops

PACKAGING INDUSTRY

Paper Bags & Paper Sachs Cartons

Moulded Containers Egg Trays

AND MANY OTHERS!

·SOUTH

RERICA

CUT OUT THIS COUPON AND SEI

The Senior Trade Commisalaner: for the Union of South Africa in Bus? Asla.

1st Floor, KPM Building, Robinson Road, Singapore."

Please send me the names and addresses

of South African Exporters of

The name and address of my firm is as follows:

by

Dur Own Correspondent

New motor-driven

ore carrier completed

Harland and Wolff have completed at their Govan shipyard, Glasgow, the Daghestan, a motor-driven ore carrier of about 15,900 tons deadweight for Hindustan Steam Shipping Company Limited, and the vessel has been hand- ed over to her owners on the successful completion of her sea trials.

The scrow carrier

two electrically- a singlocharged by Daghestan is

driven air compressors. There is diesel-engine-driven ore

air com- with the following also an emergency

pressor drivch by diesel engine, principal dimensions::

arranged as a single unit.

Length

lars 485

68 ft. 9 in

between perpendicu- : broadth moulded depth moulded 30 ft. 3 ins.: deadweight, approx. 15,000 tons; service speed 111⁄2 knots.

of The propeller is made

with four bronze manganese blades solid with the boss.

One exhaust as fired Spanner boller and one of fired Spanner

Having a poop,

forecastle boiler are fitted, both being suit- raked stem and

and cruiserable for a working pressure of 100 lbs. per sq. in. The latter stern the vessel is constructed

will also be used os

ปี

steam

on the ebrabined longitudinal accumulator for the exhaust gas and transverse system. framing with two longitudinal

of fired boiler.

bulkheads. A double bottom is Three & W diesel engine- itted in way of hold spaces driven generating sets are sup-

these Business done at the Hong- between

longitudinal plied, each having a continuoua this bulkheads, Stock Exchange

The spaces out-output of 220 kw. There is also tin plate, electricnt sheets, morning amounted to approxi- board of the longitudinal bulk- the emergency set installed out- barbed wire, nails, welded Intely $4,000,000, The morn-heads tubing, reinforcing bars, staining's quotations less products and tool sheets. fransactions;

Production this week will come back only purt way from

LONDON STOCKS RISE

London, Nov. 29.

The steady stream of selling anded on the stock market

and

noon only.

Sharer

HK Bank..

Buyers Sellers 1335 1340

Bales

13:30

1335

200

210

42 4219

.200 43

Bk. E. Asla Lombard Ina. Union Ins. Whart Co. Waterboal Wheelock

9.00 206 07 11.45

$161 008

1000 & 955

2000

9.63

3500

0.00

2000

9.25

1000 B

3000 of 9.35

UK Dock

112

113

100112

200 112

400 113

Ch. Piov... 22.90

23

500 kr 22.80

11:00 a 21

I & S.

Hotel

42

43

2000 g 424%

1500 43

500 4312

4000 or 43

09 691%

today as buyers moved in Land

fairly substantial

a

for recovery.

The mürkel opened steady but cautiously then took bet- ter turn with Industrials scen building up a long list of gains. Blue chipe shared in the Fully along with the recently hard.

and store. Strels tobaccos fumed,

Government bonds slayed qulet and gave up small frac 1ions through lack of interest while Grecis receded in The foreign rection. Dollar stocks cased in inte with the Wail Street netion,

to

Gold mining shares responded selective demand while

Yaumati

307

10A

Younati.

Bonus Bimbit

HK Tran

:::

3312

3CD P

BK3 €

2300 6f ED! 100 110

300 GT 200

50 101

300 03!$

24 1000 of 33

1000

200 33

2003 334

C. Light

20.80

PT 300

coppera were generally firm. 'Oils ware Bulls changed on the

day, Teas and rubbers drew K Elec... little interést and cased slightly.

UPI.

Closing prices

British Government Securities

3%, Savings 1605/03 00-1/10. Savings 10/75-7814 3. Savings 1903/13-7LX.

Banks & Insurance

IIK Tat

Ats

Barclays Ordinála Gd.

Chartered Bank-47 9d.

Cement

Dairy

Hongkung Bank-LOB.

Lloyds Bank-09 d.

Lombard Banking Ord-18s 1!4. Union Insurance-£774.

Watson

"OLE

Allied

Butmah -372 10.

Royal Duichi£17.

steel Engineering. Bahcock & Wilgax Ord-d33 7İĝo, United Steel-2 d. Vickers Ord de

Industriais

Assos. Eles, Industries—4ts $4. Aso. Portland Cement=00% 20. Boardman, Marden Ordf.ka nd British Molor: Ord=158 $150. Coats (2. & P.) Ordm858, 11, Courtaulda Ord--449.

De La Rue Ord-

ed.

Dunlop Rubber. Ord-31a,,

Elec.& MUS

Ford Motor Ordet ad.

General Electric Drám20s_Dd. gumen) Ord-29. 10148.

Woolworth

---

20.00 301

1300 20.30

Are for

water ballast side the engine room.

the

All the independent pumps accommoda- with the exception of the steam- The machinery, tion for the crew, and navigat- driver boiler feed pumps are

driven, alo ing positiens are all in super-electrically structure bulit aft: two large purisers for lubricating cit and holds occupy the middle of the fuel oil. ship and each has three large hatches.

A small hold with hatch is fitted at forward end and served by deric cranes. The large ore holds are served by quay side machinery.

The vessel has been built under Special Survey of Lloyd's Register to Class 100 Ai "Ore Carrier."

ACCESS

01

Engineers and electricians" storeroots are arranged

engine the port side of the

dilling room, and a lathe, machine, adið grinder are placed along the starboard uide.

There are the usual fuel oil and lubricating of storage and tanks service tunks and other

dre ar- for various purposes ranged about the engine room.

Means of access in rough. The machinery and boilers weather between aft, super-are constructed and installed to structure and forecastle is the requirements and survey of

double Lloyd's Register of Shipping.

through

bottom.

one

Ina passages

room

The electrical Installation is Ample and comfortable ac supplied by three 220 kw 220 commodation is provided for the volis D.C. Harland and Wolff crew. Each officer has a pri- diesel-engine-driven generating vate bathroom opeting directly sets and onr emergency set off his cabin, The wheelhouse comprising Ruston and Hornsby and chart room are combined, diesel engine and Harland and volts D.C. large navigation

Wolff 40 kw 220 20.30 having all round vision.

dynamo. These machines pro- vide power for electro hydraulle capstans and hatch winches, ele. engine room

electric. cooking auxillaries, geir, ventilation fans and coll storés refrigerating machinery, wireless equipment, gyro com- pass and pilot, echio sounding and rudar, navigation and all general lighting, etc.-LPS.

300 2016

900 de Falš COD 26.70 400 ir 20.70

1600 27

500 H 2130

A mechanical system of steering, ventilation in conjunction with

warm air heating is. Installed throughout to suit the specist

5605# 21:23 eoruitions of the vessel.

600 27.10 200 21.20 1000 27.10

TDG 7 27 1800 20.90

100 62 1800 20,90 500 m 30% 2000 & 30% 1800 G 303% 1000 304

500 G 30

.500 3715 600 37%

1000 179 Go 4372 604 20.10 127520.20

37% 37% 1800

03 01, 2000 a

13%

500 Gr 500 3334 0800 24

200 4 333 391 3811 300 3346

205431 Tax, 7.80

1.90 14000 7.00 2000 7.00 3000 7.00 8090 of 1.95 1800 7.00

6000 67,85

1000 9.60

Taxille

3.00 0.70

1000 st 7.60 1250 9.70

1000 9.05

6000 OF 9.50

2000 @ 10.49

Nanyang

Electric hydraulle steering gear is fitted and winches and capsians are electric driven.

Lifesaving appliances Include two Abreglass lifeboats. Alted under gravity, typé davits, -

The...propelling -- machinery consists of one two-stroke cycle, single acting, opposed pliton, eccentris, crosshead, tyde dlését engine of the latest if & W»B & W design, huving four cylinders 620 mm, bore with t combined strple of 1870 min.

Far Eastern

freight

London, Nov. 29. Chartering activity has been mainly centred around the The engine is tolatly en closed, forced lubricated, direct For Eastern section: of the reversing, with pressure induc-Baltic exchange today. thom, dead

drtunded for airless | AT IND injcetion to operate on Heavy The motor vessel Mimina has LƯỚI. THÁO engine is obupled been bookcod, for the mosement direct, to the propeller shafting of 11,800 tons of maize, in bulk and, will produce, the requisite from Dushim to three parts in power, with a service speed ([of] Jágan: and....the? slightly better about 118 revs per me becomker:16/January

mafute. kruid of 162/... who agreed for 10. load-

bedplate and frames are of fabricated sarl and the positio Eurust block is incorporated in cargo comprising: 11,300 1.40 1814 2000 1630 the after end of the bedplate.toms of soybeans was strong su

200 10.00

A. Hubber 6.70 52 3000 8.70

2000 R. Trust.* 12 7.35 3000 * 7.35

from

The cylinders and fuel valve obdana motor vessel Merchant de 10,40 ure fresh water Good, and in Boyal, fordi, morement 40001015 the plotori ere.cooled with coll Dairen-Shangat. rango to Lon 100 #1040 From the forced lubrication donio Docémpér. 1/20 poloh

system. The cooling of the and the tale bt, 06/- was agree Scriver part of the cylinder liferth havedpilon of hull dis- is by the slaveundira, air in the charge of 60 hit an option of Boháreme but incorporated Tooth ports discharge et 08/- an the entablature. Suitable coolers 10, and stowed terms with arranged for the fresh 1600 poinde, dispersements to ure waler, and the lubricating oil.

others éccburst.

1900 or 3,35

2000 730

2000 * 7.30 3000 1,30

800 00

Marke

Ord

4158.

fedifunton Ord-344, 754d. Roll-Itoyce-45# 100. Standard-Trinnpl-ds 3d.

Unilever, Ord

3d.

d

Taikoo Doek 4914 100

De bevis Daf-16

d.

Petaling Tin-

och Atlántilatedne

Realty

*09 1.915 63000.

D333

10000

disc என்

10 10.30

nowmaker Orgulha Téd.. Hongan

& China Que-15 Indo-Chile Def. C211, 20.

P.

ros%d.

O. Stern Nav.

Exchange rates

builoen was dota in the Ingat Int'l Invest. 101 10,03 unmetal exchange' märker following-testan

UB. dollar typer $1)-Wedding- Starting noter, (nwr) 63), ali Australian notar, (pie, AIN Tibenestan Hupikli (pek 260)' Singapore...(Strail)

at the

Gilmaltel

ENGINE

The notorvosset. Harmanitois was taken? for · 12,000 tona (or

Air is supplied by two ex-poybenty from the sore. range haust gas-driven Jurbo-blowers from Liverpool in December 2000715 for pressure Induction and for 9/9: position of 66/d with the

cavenging he cyllader at 6 | FOTO LEIMA ligg Add 85000 pressure of about 5 10.0 lbs per a carta of conti

cario of copta was dixed 1979 inch, the air, belag drawi aboara, the hawi 800 edo bald through, combined, filler silen for shipment from the Philip- cers, and dollvered through pares to the Antwort Humbling coolers to the common alt main ranger December, 10/31 which is confoćied to % "hw

bortion and the rimaner cari 61 scavengd balts, b

Thế Chrión, in kräftad. by ate Wardne front"two" 1485iVolrd. "Wurch ard

·