1960-12-21 — Page 2

OFFICIAL NOTICE

Proposal to change a

Ship's name

1, SUI-LOONG PAO of 19 Javu Hond, 2nd Floor, Buny- kong, hereby givo netice that in consequence of changO of ownership I have applied to the Minister of Transport and Civil Aviation under Section 17 of the Merchant Shipping Act, 1894, in respect of the British steam. ship HAPPY SUNSHINE of HONG KONG REGISTRY Ometal Number 188831 Grosя tonnage 7174.44 tons Register tonnage 4313.77 tons, hereta fore owned by Tha Sunshine Shipping Company, Limited, 4, North Point Terrace, 2nd Floor, Mongkong, for permiss sion to change her naine to MARINE DISCOVERER and to have ber rogistered in the new name at the Port of HONG KONG na swaed hy The Ace Shipping Co. Ltd. į 4, North Point Terrace, nd Flow, Hongkong.

Any objection to the pro- pused change of name must be sent to the REGISTRAR UP SHIPPING nt HONG RONG within SEVEN days from the appearance of this ariveriisement.

Pated at HONG KONG the 19th day of December, 1960.

THE ACE SHIPPING COMPANY LIMITED

SUL-LOONG PAO,

Director.

THE CHINA MAIL,

WEDNESDAY, DECEMBER 21, 1960.

Steadiness of U.S.. Wall Street again

British tin

markets noted

London, Dec. 20. The steadiness of both London and American tin markets has been re- markable against the broad background for the metal, the fall-off in U.S. consumption and the decline in Britain's tinplate production, metal merchants A. Strauss and Co., Ltd., said today.

The buoyancy of price levels was evidence that the statistical (position of the metal is such that if Ro severe world depres in develops, tin consumption in the coming year was #kely

Textile market

The

Now York, Dec. 20. cotton textile murkot was quiet today. Converter Inquiry on

Ruire

to exceed production by a con- siderable tonnage, their markt review said,

noted

It added the autumn removal of export quotas has made little Impact on supplies. The review: from that shipinents Malaya, the only country that appeared to have large alocks that could be freed for shipment, were little changed.

The

STRAITS TIN

reported Lonninga Strails in sold daily on

of

thu

NEW YORK

SUGAR MARKET

New York, Dec. 20.

Singapore market had declined World No. 4 sugar today

in the first half of December.

irregular World wheat

New York, Dec. 20.

The stock market once again followed an irregular path today. Aluminium made some gains. Once more the market statistics were slightly on the low sido. Key rlocks throughout the list advanced or declined from fractions to about $1.

Olin Mathieson was active and

trade may

set record

London, Dec. 19,

up 14 and International Tele-World trade in wheat in 1960-61 may set a record

phone rose 15%. North Ameri- can Aviation gained 14, appar- The list cortinued confused

ently in response to an miticle in by end-of-the-year transaca National Magazine about Its part in the programme for the al--70 supersonic bomber,

tions. From start tc finish the WEN pu trend though toward the close there wne plekup in trading, ne- fed report, was aid to have eamp ar led by a Tale ticker

tape, as come stocks improved, It was too late to change the overall picture.

The

Closed 2 to 3 points higher

Coppers, rails and electrical on sales of 118 contracts. equipments

were lower. Domestie No. 6 futures finish picture was mixed for steels. ca unchanged, with no sales re- autor,

electronics aircrafts, and oils. Utilities gained of ported.

"It is dußeult to accutint for this in view of the declared Intention of many of the Mota- yan mining compuntes, as ex- pressed by chairmen at annual meetings, to take advantage of News that Cuba will sell 4 balance

acquired right toimitilon ions of its 1981 crop 1 their newly sell the excess stocks they hud Communist blog naliens ot acquired during restrictions.

for delivery during the Best half, af next year wenkened follow ing a Ririy of forward selling by a few milis last wrok, la edition, mills appeared to be salts of the reting furthe

“Some of these companies are price conersing = ef last week. Bushness today involved meaty known to have started doing so of varie Poslily shipments and sales of sealterad spot oft fabrics

about wucharged, Straits in will become heavier in the early months of next prices.

All that he said at Deinad for wool goods re- year.

Advices reported present is that, contrary to ex- maine sinw. pries were urchinosed at the pectutions, the lifting of export South African woul sales. | restrictions has so far had no the free world market where

Ti rist fur symthetic | sigolicant effect on supplies." | large supplies are #falities was dull.-AP.

the company said.-UPI

over n

price of four cents a pound prompted the largest oinount of activity the contract has seen for

nonth with price firming.

Buying was tempered, how- that ever, by the consideration Cuba will probably have nearly; two million tons to be sold oa

already in prospect for next year.-UPI.

The Associated Press average of 60 stocks dropped 30 to with tho indus.rials 218.80 down 40, rails of 70 and up 2.0 to a new high liBlics for the year.

of 1,258 issues traded, 469 advanced and

320 declined. new highs for There were 45 the year and 16 new lows.

Volume for the day was 3.34 million shares, compared with 3.63 million on Monday.

Lockheed, which in a pitbitsh-

received a contract from Ger-

many for jet fighter platies, was ups, trimming an earlier rise.

at 37 million tons under heavy commercial demand for imports and the 1960 crop, at an estimated 221 million tons, was expected to be the second largest recorded, the International Wheat Council said today.

Texas instruments rose is point, HONGKONG

United Air Lines 4, Merck 14 and Union Carbide 14.

Procter & Gambly fell 14 Addressograph 2 Universal Match 14. Pord 141⁄2 and Bulti- more & Ohio 2.

Transitron was down 1 after

King

risen

STOCK EXCHANGE

In its

the annual review Counell said output was likely to be six inillion tons higher than the preceding year with North American producilon scoring the biggest rise. Euro- pean production was lower than the preceding year's record level and the crop below average In quality.

Stocks carried forw: ra into 1000-83 by the four major ex- porting hallans - Argentina, Australia, Canada and the United Slater-were put nt $2.0 million tons and surplus avail- abilities moved higher, Tho Agures exclude: Communist

calling off a preliminary erzer

reement with Thermo Corporation.

Alter the close the New York stock exchange announced th. the short interest had 271,980 shares to 4,107,860 shares, the highest siner Delem-

Busints done al the Hong: China, bar 15, 1958 when the figure kong Stock was 5,073,356. The short interming est refers to the root af ximately $2,620,000, Noon stock burrowed effect sales

CLolutions

Exchange ansunted to oppio-

IMPORT DEMAND

Because the morning's

wKi made in the hope of a decline anctions: in price which would mean pro- STLATES Ünyera Reštere Buire Ats when the borrowed stock is uk Bank .. 1445 1155 repald with stock bought chen-

per in the future. This regres

sents a future buying supply

and therefore is a market mips | Lombard port.-AP

Closing prices

Abitibi Pwr. e Paper.. Alden In Acs..... Algoma Steel Corp.

American Airlos...

Am. & Furgn. Power Ain, Natural Gas Asbestos Corp.... Atlas Cons. Mining Bank of Montreal Rank or Nova Scotia Beech Life Saver

B. C. Tel. Co.

Iseli Telephone

British Ani, Oll British Columbia Flec. Cena, Bk of Cemm. Cana. Drewers ........... Corning Glass Works Consolidated Paper Consumers Gas Create J'et ....... Dialers-Seagrams

Dominion Stores Eastern Air Line Ferre Corp.

G

42

טר

43

2. Lear 140 or 1435

70 1450

30 1450 30+ 1450

500 24.10

1000 23.90

500 23.00

1000 44%

230 / 43

15% 2000 7599

Wharf

Waterboal Wheelock

20+ 20.30

9.00 5.05 3000 9.70 1000 0.45 4135 40 9.601

1000+ 0.50

$ 20,

STWO • 1.803

313

5000 0.60

12

2515

Dock .. 254 115

100 110

200 ve 135

200 * 115

Ᏹ .

800 g 115

23

Provident ..

23.06 23,00

51

B00 24

5P

45K Hǝtel...

47!

F HIT Land

75

20073

STR

BOU A 75

1000 75

44

350 cm 131

1275 + 75

Yaumail

117

119

400 115

240

207 33

Bonus

50

113

0315 ик Tram 333;

34

1000 or 333

74

443

Fut Motor Co, of Cana.

142

Ford Motor

Georgia Pestile

கம்

Ch. Light

Gen. Tel. Elee.

264

Great Northern Hailway

431

Gulf On

......

Heyden Newport Comp.

ram Walker...

401

Human Refrig

2015

1000

000 f 1000 or 26.7

Elec.. 29.00 29,80

400 or 29.00

2300 a 20.70

1003 29,70

Imperial Tobacco

138.

HK Tele.

ם יחד .

G003

Notands Mines Lid.

(New)

30

40

GJ. Cenient 0315

04

43

Pitney Bowes

Portland Cen. Elec.

201

250.64

Pullman

まさ

Raytheon

191

133 33

Royal Bank of Canada

71

500 33

Schenley Inc.

142

Woun

195:

Allied

inv.

Bleep linck

Fexule

37

8.10 1000 31.03 +20 B30 4000 for 8,45

140 33

1000 & 8,40

1000 8,39

BOAC's

new

707s

jet powered

by Rolls-Royce-

Hong Kong

Honolulu - San Francisco 3 times weekly; 2 flights continue on to New York and London. The new Rolls Royce jets in BOAC's 707 offer you the finest value in air travel today. This trans-Pacific service provides a choice of luxury First Class or low fare Economy Class— either of them gives you pure jet speed and the personal attention of BOAC's perfectionist cabin staff-British and Asian personnel to attend to your every need.

*

across the Pacific—the finest way to the U.S.A.

Imperial Oil...

Laly Tulip

Lorillard ?.

Qin Malle

many insporting countries produced average cr below average crops, demands for imports were expected to be higher and an increased port demand of about 2,5 million tons by those westem European countries which normally

net exporters was Loveseci.

Jan-

ale

It was estimated that the in- take in less developed areas may rise and shipments under the government-assisted programmes of the United States,

Conada

artė Australka may ranch 10,5 million tons

On stocks, the council said although both world trade and

total world usage of wheat and wheat flour were likely to

rot

new records, stocks at the end of 1900-01 may move as high as 69 milion tons-UPI

B-0·A·C

New low Economy lares!

And new Economy Class Farer, considerably lower than present Tourist Clas, now effective on the Trans- Pacific route.

BRITISH

OVERSEAS

Ser your Travel Agent or Jardine's Airways Department,

·Telephone 3511112 (24 hour service)

B・O・A・COLS 07

AIR WAYS

CORPORATION

Southeris Pacific Co.

Cotton

--UPI.

market

а

New York, Dec. 20, Cotton futures backed and filled through dull session today, casing near closing time on increased volume.

100 or 337;

30043392

572 6 34

Ex. Diy. 20.00 20.00 2000 4 20.30

Dalry Farm 32% 3344

Nanyang XD 14.30

7.00

A. Rubber 3.00 St. Trust Really

UK Con

1.124

230 20.00

1000 ir 30)

1200 i 044

500 or 641) 2200 04 04

100 ** 37%

2) of 1.33

6030 6.30 7000 0 0%

2000 4 P

141⁄2 1500 a 14.021

2500 14.40 50 1440 5,65 1000 + 3.05 7:30 2000 4 7.10

105 20000

100

5000 1.95

LONDON

STOCKS

Stocks

GAIN

London, Dec. 20.

cicred

irregularly higher today on a modest volume of business.

Shipping Shares lost their bouyancy but engineering, elec- trient and textile and store Jssties Improved. Ford eased,

Gold stocks ftrmed on smail business. Coppers ended duli.

Undaled

government bonds shaded but some long-dated issues wer Higher. Dollar stocks Suffered small losses.

Lending oil drifted lower. Rubber locks inclined easier.--

UPI. -Lekiu 2 5.90%

10.10 16.20 2000 1020

Metal Indunt. 1.43 1.00 Int'l Invest. 10.00 Clinos.

Anja Nav.

Cald. Mocg.

(Ord.)...

150 16-20

1000 20.30

100 14 2000 ve 11 2,475 255 5000 * 215

2000 or 1.10

600 F 1,20

00 €12 500 60

Homphreys 25.30 25.20 1000

At the finish the 1st ruled | Taikos Dock

three to 10 points lower after

opening this morning unchong-

ed to 10 points tower.

New Orleans futures closed unchanged to seven points loser.

71 72

Agreed merchant

rates

7213

The Census Bureau reported ginnings through December 12 of 13,339,873 running bales, Canadian Maximum Sallir covered with 14,094,030 bales 17-3/92; Minimum Buying 17- through the same dite in 1956 11/32, T/T; 17-13/32 O/D. and 10,918,827 In the compar- Belgian Francs Biaximum able 1958 period.-UPI.

Seiling 863.

Yesterday's Closing

COMMODITY PRICES

FOREIGN EXCHANGE

NEW YORK Closing rates:

Canadia England official

80 days to-days "Austraila 2.

•Now Zostaru Smith Africk Others" quanselged.

LONDON Closing rates; New York Montreal Amsterdam

#25-3/0370-8/18

30.00-10.30TL

Copenhagen Fakturi Lisboni Calo Jarin Stockholm

Milon Vienna Zurteli

10.3336-10.2336* #1.70-12.71 80.30-6030 20.01-0.01% 13.73-19.79 13.30-13.5012 174174-17636 72.97-73.00 32.0095-10-0035

UPL

COTTON

NEW YORK

Closing prices all'incenti per

.:

Boni: 34.25; Mar: 32.35; May: 32.79; guy: F10 Oct: $2.02: Dest: 23401 Mari ska; May: 1597 July: 355

Cash dividends

set record

New York, Dec. 20. While United States corpor- afo cornings in 1960 hovo been running well below the bright expectations of a your vĝo, cash dividend payments are rotting a wow all-time record, some American financial quar- fers nots.

Thea

4

spurves ontimate that the 1900 prysadnią total will be near $14,000 million or $800 million' above the previous peak in 1959.

Canadian corporations abo | expected to make dividend de- clara lose and payments on common stocks totalling more than $800 million this year, the Committee of Canadian Invert- ment Companies estimated. This total will top the 1939 amount by at least six per cent" and exceed that of 1050 by about 71 per cent, C.C.I.C. said, Desplie recent fluctuations in the role of Canada's economie growth, annual Canadian corn- mon stock dividends have in- creased 45 per cent since 1954, it pointed out.---China Matl Special...

Unit trust

First Hongkong Fund: Buyer Price Bøller. Price

+31.07

31.14