THE CHINA MAIL, WEDNESDAY, DECEMBER 14, 1960.
China may buy Market closes mixed in LONDON
more from Canada
Ottowa, Doc. 13.
New York, Doc. 13.
A fate rally orased an earlier loss and laft
the stock market narrowly mixed to day. Trading was active.
C. M. Forsyth-Smith, Cano. The market opened mixed and active following re
dion Trade Commissioner
in Hongkong, told today Canada might increase its trodo with Communist China through the sale of agricultural equipment and heavy machinery. Ho aid the $20 million worth of foods Conaan, will sell this year consisted of raw materials
nickel,
steel, oltminium, manganese and zine Ho sald there was no possibility in the foreseeable future of Red China buying Cinadian consumer
goods.
dustrip!
EQUIPMENT
But he said Red China's in. development will require technical know-how" appilances and that Canada has supplying a good chance of some equipment.
Forsyth-Smith, told, a news that China has a conference
balance foreign exchango
of only $500 rallion annually with which to buy wentern goods, and that it spends this amount un goods needed for Industry. UPI.
Agreed merchant rates
Bagion Sailing 802.
Francs,
five straight advances. It turned lower around noon,
but recovered its mixed posture in the final hour.
Most price changes ronged from a few cents to ground one sharo dollar
either direction, but there were some substantial gairis among sejected. issues. These inluded some of the electronics, bowling, vending and photographie fasuck
Aircrafts, rubbers and petroleuits-slosed mixed; Some of the Heels, chemicals, Thils and felines were lower
the U.8. steel Industry, and the largest number of US, business faffures last week than in ony previous postwar week
.two
New York
Mepennett J. Ray McDonnell Aircraft Alesabi Iron Corp. Monsanto Chemical Co. Montkondry Want
Motoroline.
National' incult Co. National Cash Reɛ. "A" National Dairy Prod. National Lead..... National Steel Corp. New York Central
Notande Minas Lad
Norfolk & Westem Ry. North Amer, Aylation Northwest Airlines (Com.) Olabama Olin Math
Сра
- Oxford Paper Co,
Pacine Airways
Elec. Pan American
Twelve of the 15 most ap- live looks advanced, declined and Ford wan changed. Mission Development was
shares. Second Was most active stock, up 1 at 24 on
3.409
174 at 104 on delty Oli, up
shares, Third was 14,000
the Paramount Pictures
Penny C
J. C.
Sinclair Di
Brith, Kilne & Tranche 2015 | Rocony Moni Oli
Bouth Puerto Rico Sugar 44% Houthem Co. (The) ....
Southern Natural GaN Bouthern Pacilla Co. Balandard Brands
Standard 11 of CAL Standard Oil of Ind. Standard On of NJ
Bleep, Rotk
Stone Be Webster
Studebaker-Packard Corp.
274 Fride Water Ou
43
217
STOCKS QUIET
London, Dec. 13, The stock exchango marked
time through much of the sassion today, but indus- trials went up before the closo.
Apprchendon over the official British export-Import figures
for November, due tomorrow, 233 was blamed för buyer apathy in 0714 most sectiors,
Steels led the mild Industrial rully late in the day. Blue chip olla niso went aheag near the end, and U.S. dollar stocks were firm,
Bunshine Mining
Swift & Co.
5156
Textron Inc.
Eef
Thokol Chem.
10
045 Time Inc.
67%
Traders Finance
31
Tri Con! Warrante
2416
2816xd
Twentieth Century Fox Film
70
Union Oil of Cal. ...
41
& Gamble Co.
13715 United Alterant
331 Union Feetle Railway
TEX
301
United Frull
10
Bt
US Gypeum
1041
Jet
US Rubber
Gold
shares
20
US Steel
M
US Steel 1 PC PT
1411
53
Warner Am
011
Waukesha Motors
1
Westinghouse Air Brake
571
Westinghouse Electric
Wert V. Pulp & Paper
Winn-Dixie Siores
Philip Morris Piney Dow Procter con. Elec, of 1,226 issues traded, General Tyre & Rubber on Publicker Industries declined, 487 advanced and 23042.200 shares. closed unchanged.
Now highs for
the
500
year
Pulimen Radio Corporation Next came Standard
Oiltheas (Now Jemcy), up 4 at 304, Republic 8tral
Reynolds Tobacco totalled 37 against 15 now 1800 and Sperry Rand, off at 22. Royal Bank of Canada
Bateway Stores lows.
ANTI-TRUST PROBE
Saint Reg. Paper Bell & Ho-Behenley Kne. Actively-funded well roso %, Vetdo 2%, Chock Scott Paper Full O' nuts and Brunswick Biegier Corp. (when-issued) a point. Bruns- Wick Regular Common rose 24 in less active dealings,
Even the
major market in- dicators were mixed.
Standard and Poor's 500 stock index showed a slight three eents advance to 50.80 dollars.
The Associated Press average of 80 stocks fell 30 to 218.40.
So indus The Dow Jones trials were off a modest .22 19 011.12.
Volume
rose to 3,500,000 shares compared with 3,020,000 thares traded yesterday.
ONE FEATURE
Folaroid Pros Bld heavily. HONGKONG
down 2.
STOCK
EXCHANGE
Texas ir.struments gained 14. Raytheon. Dupont 14 Chrysler and Chesapeake & Ohio 4. C&O's rise Was oc- companied by a published re- tenders for has port that it more than 40 per cent of the outstantling stock of Baltmore Was feature markel
At One Maximum General Tyre & Rubber which & Ohio. B&O dropped 1.
ose to GE on news it has the mame time, the US govern been awarded a patent fer maktment was reported planning to possible anti-trust oll-extended synthetic investigate
C&O and ing an
Business done at the Hong- Contral
this rubber which is widely used forces of bids by
Exchange Stock kung tyres and other rubber products. New York Central to
amounted
ap- Noon The business news remained 350. Central was off 4.
business International]
ma-morning discouraging to Wall Street. It
quotations and the morning'a $1.03 included greater U.S. unemploy-chines ran into some pront take-proximately $2,750,000,
transactions: 1.12ment, a lower operating rate for ing and slumped 71⁄2-A-
Share HK Bank..
Unit trust
First Hongkong Fund:
Buyer Price
Seller Price
FOR EVERY FESTIVE OCCASION
Closing prices
Abilib! Par. & Paper
Algoma Steel Corp.
Allis Chalmers
American Airline
Am. Cable Radio Corp.
Amer. & Jorn. Power
Am. Go & Electric
Am. Moch. & dry.
Buyers Sellers 1415 1423
40
4:00
Waterboat.. 23.10
Whoslock ..
#381
31%
24
2814
E. Avlo
Lombard
Whatt
GYAN
of
pock
Am. Natural Gas
70
American Bmething
28
Provident
Am. Buzar Ret.
2014
HK Hotel..
JK Land
American Tei & Tel
American Tob.
Anaconda Copper Atradur
Baltimore. Ohio
American Metal
to
Balen
to 1425 201424 41425
102 200
9.35 0.40 16000 1.33 113 114 00014 180113
23.70 23.80 2200 23.80
GUD (41% 1000 72 4:0 u 72 2000 72 1500-73 1200 784 200 73
600 in 7215 100 #73
50.113
300 / 113
300 F/:00
40
Yaumati
112
113
Benguet Cons.
Hights
Bethlehem Blerimi
*Train
3215
401
Burroughs Add Machine
British Amer, Oil
C. Light
Ex Tlx. 30.40 0.
251 20.40
1500 2015
LANSON CHAMPAGNE
Extra Dry: $22 per bottle Vintage 1953: $25 per bottle
LANSON
200 years of fine champagne
Sale Agente:
DODWELL & CO, LTD.
Lanson
Reims FRANCE
Bank of Moniren!
Bank of Nova Scotia
Beech Safe Bavers...
B. C. Tel. Ca.....
Bell Telephana
Benedictal Finance
Calif. Packing Corp.
Cana.- Bk. of Comm. Campbell Soup Co. Canadian Facine R Cat. Tractor
Celanese Corp.,
C.I.T. Financial Corp
المنام
P.O
ORIENT
LINES
EMBARKATION NOTICE
R.M.S. "CORFU"
EMBARKATION: The ship will be berthed at No. 1
SAILS:
BAGGAGE:
Pier, Kowloon Wharf. Passengers should embark between 2.80 p.m. and 4 p.m. on Friday 10th December, 1960.
The ship is expected to sail at 5. on Friday, 10th December,
1960.
Should be sont to the Hong Kong. and Kowloon Wharf Co.'s Godown (No. 2 date), Canton Road by 6 p.m. on 15th December, 1960.
SUBJECT TO CHANGE.
Agenta:
MACKINNON, MACKENZIE & CO.
OF H.K. LTD., Telephone: 36211/0
E
Zenith Radio
were dull, coppers
SPORTATION
New cable-laying
ship for Cable
& Wireless in UK
London, Dec. 13.
Thero was Bille uction Cable and Wireless Limited has asked a
74% quiet.
AMONK Brlith government bonds and changes were minor. —AP.
Closing prices
British Government Securlitex
11. Conre Hitiated £44.
Conversion-Ca
Ravings 1035/05-09.
Savings 1900/70-£78-0/16.
Sayings 1995/75-47114 "Tanks & insurance
U.S. will import
1
3
3
Barclay Ord d
Chartered.
34.
Hongkong
less cotton
from Japan
New York, Dec. 13.. The U.S. will import sub- stantially less Japaneso cotton this year than the amount agreed upon bo- tween the two countries in their quota ogreement of 1956, according to the Association of Japanese Textile Importers Inc.
The report soft that based upon the latest communications reccived from. Japanese cotton textile exporters, it is estimated that roughly 90 million square yards
be fabric woukt of imported into the United States in 1990.
This would be around 80 per cont of the allowable 1900 quela of 113 million square yards and would compare with Import of 102 million square yards last year.
125 106 According to the report, the failure of Japan to meet 19 quota reflects an Improvement
fabrics, in
1000 33
200 or 33
In the competitive poskion of American cotton
creased competition from Spain
Lloyds Bank-71s 3d
Lembard Banking On-18s 1d.
Union Insurance-£70...
Burmah O-39% 0.
Kteels Engineering
number
of British
shipyards
to
tender for now cablo-laying ship -of about 8,000 tons gross. She will
have
to lay and
types of deep
handle modern
Soa communication
cables and repeaters, including the kind to be used in the 28,000-mile Commonwealth round-world telephone cable.
When the ship is completed In 1082, it will be the first cable
Hoyal Dutch-11. Babcock & Wileux Ord-325 74d. layer to have been owned by the United Steel-10 31. Vickers Ord-278 04.
Industriale Assoc. Elec. Industries Sd, Assoc. Portland Cement 070. Boardman, Marden Ord 49 d.
101.
Brit Motor -Box Tisd.
Coals (3. & P.)
Courtaulda Ded-441. De La Fun Ord-50 31. Dunlop Rubber Ord-23. Elec. Mus. Industries. Ford Motor Ord-1454 3d, Gilman (Holdings). Ords 10d. Great Universal Ord-4. Hawker Biddeley Ord-20s 31.
ON-332 Marks & Spencer "A". 415.
Redi:sion Ord-11_td. Bundard-Triumph- 10:50. Unilever Ord-1478 30. Woolworth Ord. 550 60.
Mines
The Beers Def-150 714d. Petaling T-1 30.
Miscellaneous Bowmaker Ord-18 7150. Tiongkong & China Gas-16- Indo-China Def. Ord-11.1 90. P.&O. Steam Nav, Def-4 d.
-Reuter.
Imports of silk from China
London, Dec. 13.
3810 20 and Portugal,and technical-The Board of Trade has an
110 @ 20.40 probitie in allocating the quota 3000 in 2011 to Japanese manufacturers.
1500 24.40 UPI
Cut in lead,
22
1000 or 201
Chrysler Motors
100
Colombian Carbon Co.
Electric ** 20.40 20.00 2900 29.00
600 F 20.00
Corning Glass Works
27015
5000 2844
Consolidated Edison
170 20.00
Consolidated Paper
401
200
Consumare Gas
15
Coutinental Can
Creole Pot
2012
Telephone 30 38%
391
1000 y 58
Cubao Amor. Suger
Delaware & Hudson Co.
Rights
870
1814
Diamond Alkali
Cement
02 0215 1000
8216 0215
Distillers-Seagrams
1000
zinc prices
Dairy Farm 3214
35
Dominion Stores
Douglas Aircraft
Dow Chemical .... Dupont de Nemours Eastman Kodak,
El Paso Natural Gas Family Finance Corp,
Comp...... Georgia Pacio
General Dynamics General Electric
General Foods
General Motors
Gen. Pub. ULI
Gen. Tel de Bier,
Gen. Tire & Hubler
Goodyear Tire
Grumman Aireract Gulf Oil
Hammond Organ
Heydes Newport, Corp.
Hiram Walker.
Husanan Netrig.
Idaho Power
Imperial Ol
Imperial Tobacco
Inland Steel Co.
Interchemical Corp.
In Business Machines
Int'l. Harvester
International Nickel
Ini Tel & T
Kälber Industries
Kennecott Copper
Kimberly Clark
ggett Myers Tob. Co
Luy Tulip
Loews Incorp,
Lorillard P. Lowenstein & Sons,
Lone Star Cement Co.
Pay or
De
Pay
Die!
Pay or
Die!
Textile
Watson
Alled Invest.
3.40"
800 49.30
8.35
3000
30
500 4 B.30
2000
14.40
Nanyang
A. Jubber.
E. Div..
Rubber
Talkoo Dock
14.60
New York. Dec. 13. The U.S. prices of lead and zinc were reduced today, The price of lead was cut one rent a pound to 11 cent pound, New York, by a custom
smelter.
ecmpany, and will be the big zest and fastest ralp in their fleat of seven vessels.
Specifications call for diesel- electric propulsion and a trial
New general
speed of is knols, She will have a steaming range of 8,000 miles and a sea endurance of £0 days.
Ila carying capacity, will be 1,200 miles of light-weight telo- phone ezble with repeaters, or 1,500 miles of conventional tela- graph cable. The versel will be fully air-conditioned to work in tropical waters as well as colder climates,
Construction of a new 4.630 grops ton cable repair shin being Wireless bull for Cable and
(Shipbüliders and Engineers) Ltd. at Birkenhead how Features designed to add to
Arrange- nebring complation its usefulness in overseas ments for the launch are expert- markets, and particularly ed to be announced shortly, and In development areas the ship is due to join the fleet where conditions may be in April next year. It will have a maximum speed of 18 knots. rough, have been incorpor- LPS. ated in a new British-modo tractor.
purpose tractor Lid, by Cammell Laird & Co.
Weighing 3,020 bs fully Maiden voyage
equipped, it is powered by a 4- cylinder diesel engine producing 37 b.h.p. at a governed speed of! 2,000 r.p.m.
brings Xmas toys-
Los Angeles, Dec. 13. Another 0.5.K. Lines ship
The overall
is structure sturdily built to meet the worst hazards of rugged country, und boon strongly.. male. 10. survive. controls and attachments hove nounced that the 1961 harsh treatment from inexperi- The controls quota of silk plece goods and labour.
from have been grouped round the to be imported China will be £600,000 wheel and instrument panel to make things is easy as possible and that licence applica- for the driver. tions from traders are now in order,
Designed as a general purpose tractor, the manufacturers be- Heve that its speed range, 'and Allocations would take ne-
high, crop clearance which per count of licenses issued against mits mid-mounting of implc- the 1960 quota of £380,000 and ments, will also contribute to
the new m/s Hudson Marumada hor first** vhit to the Port of Los Angelos recently to dis- charge.a large variety of general cargo, including toys and other gift items for Christmas tredo, from Japan and Hongkong,
maiden voyage of
The
the
Imports during the 16-month its usefulness overseas-particu- big streamlined freighter mark- period from July 1, 1950 tolarly for such operations need an important and needed ex- in the shipping line's October 31, 1960.
ridging, disc ploughing and disc pansion
All applications would have cultivation spray, rotary cultiva-express service between Yako- to be certified by an Independent tion and land clearance work hama and this port, John F. accountant, the Board said, and and for much crops on pineapple, Parkinson, it would not be possible to make tobacco, sisal and groundnuts.
Lransmission The aprovision for traders who have
Zino was reduced one-half cent a pound to 12 cents a 150 pound, East St. Louis, Illinois, another leading custom
The drop in zipe was blamed
5.00
7.10
ky
amelier.
7012
701
KK Gas... 15.90
10
13
*Invest.. 10.50 10.00 & KE
10.10 18.20 3200
10.70
.13.20
Yesterday
assistant Catteral manager of the Los Angeles Harbour Department, told Cap- provides tain Toshio Kambayashi during not previously imported silk eight forward and two reverse welcoming ceremonies aboard
goods, China piece
speeds a speed for every job. ship. Special..
Exchange rates
As evidence of the growing
In the low range a speed of 0.92 m.p.h. can be obtained. This is regarded as an exceptionally need for maritime cargo space. useful attribute. At the other the port ofcial cited official on trade between end of the scale a top speed of statistics
Japan and Southern Callforrila 15 m.p.h. is obtainable.
that went through the local port The tractor frame in fabricat-in fiscal 1980. 568 ed from 6 inch x 4 inch malp "Our records show that total 18.03 members, strongly cross-braced,
with Japanrenched 1201 the engine and transmissions | 2,480,493 Logg in fur la fiscal 0,10 5308 being readily detachable for year ended June 30, 1980). 101 case of malulenance.
· Buairican' was dono in the cent uno Mela exchange market
US. dolar (per $11
zine to Blerting sales (per £1),
ឆក harge US stocks, lower meming at the following rates:" prices for the metal in Europe, and sales. et overstus U.S. users at prices as much as ne cent below the U.S. quota-
---AP.
Australian nutes (per 21)
Indian Rupiah (pre 100)
Elam ticals (per 100) Singapore (Sirds)
COMMODITY PRICES
FORLIG
LONDON
Closing-rates:
New York Montreal
Amsterdam
Tinieslo Copenhagèri Prankfurt - Lisbon.
・
Blockholm
MEET
Zurich
2.90%-2.003% 2.762-2.349 10.201 0.003%
11.701
SINGAPORE
this
trade
That was 37 Dement more than the 180,000 tons handled in The tractor is powered by the preceding year."
Fordson "Fawer Major" dieer!
engine developlus ab 1:- Parkinson termed the increaso 1,800 r.p.m. and a maximum in Japan's exports to this area torque of 1111*/(at 1,200 as "even more dramaties last r.p.m.
Power In transmitted year 458,054 tons versus 320,747 tons in Decal 59, or a gain of 43 through dry plate clutch to a conatan mesh paraox provid-percent."Jabareso Imports, pre- ing six forward beds of 2.0, dominately petroleum products 2.0, 8.7, 4.1, 7.25 and 150 m.p.h. et ton tren, idiniied 2,027,039 Buyers Sellers
and twa revarsa speeds of 2.75 tons, compared with 1,400,041 tons in bo previous year-a 75 and 8.0 mph LPS.
gain of 56 per cent,
Closing prices all in Straits Tin conts per lb. ob. Malayan port:
Spot
70015
month
70015 798
No. 1 Jan.
87.0T1
Coper
No. 1 Feb.
Spot
Jon
DG-150%
3-month
2-20?
06-55
1214-8914
Lead 146 half Ike.
2-month.
Spal rubber inhale
Zino. Ist half Dec.
Blanket crepe.
C00-0013
LONDON
No. 2 Jax
Ha, San vara
No. 1 pale crepe .it
Closing prices all in pence
per lb.:
No. 1 spol **
Settemmit house term:
9,341; | Jan/Max 11.79% Apr/June
00.20-00 30
July/Sept, 13.7834-137824 Nov./Dec. 14514-1651 Jahren. 3742-174235
General markole, c... bars,
12.0013-12.051sports:
UPI.
RUBBER
HOME NEW YORK
Rex rubber. futures closing prices, all in cents per lb.
Mar.
litate crepe
LONDON
Closing priceg, 'àll: in ... sterUng par lang Idh
道
UFL.
COTTON
LIVERPOOL
Closing prices all in pence per lb:
American Conttrek
$3.70
Mixed' Contract **
SABARS
Ship's sinking
was
asks increst vessat launched in March of this year. Her pocifications: length, 158.2 metres midship Breadth, 19.4. metres gross tonnage, 9,280 ton deadweight. 12,000 kilo tona; migximum speed 21' knots.; The Hudson Mgrup facilities Include deeg tank hace, slik rooms and refrigerated com- The loss of the giant Kure,partments. She also offers first-
built
stirs inquiries
London, Dec. 18.
· Recom-
fanker Single basal-conditioned Potrefore in the Soultation on 1) pengers. Atlantic, last weeks is res On her maiden voyngo here, ported to have caused in che diharged in addition to surance underwriters here wire. His aix cotton, rayon tags and gift jems, porcelain to reopen inquiries into add nylon mänüfgolyres, the risks involved in tho operation of such mam moth ships.
After calls at East Count porthe Hudspa Moru will falivo New York on November 23, top at the Port of Los The 80,009-ton deadweight Angeles pigs up cotton, Sinclale Petrolore, which sank machinery and other general following an explosion with a car. Then she will sell directly loss of two lives, was insured in for Japan, arriving in Yokohama Brifakti and the United States for on- Decemør -20; according to: 10,120,000. -(about £3 million). | Williams, Dimond de Co, "local"
Router.
dgoni for Q.GIC, Linga
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