1961-01-04 — Page 2

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THE CHINA MAIL, WEDNESDAY, JANUARY 4, 1961.

Fractional decline in Hongkong loses out

New York, Jan. 3.

Stock prices declined fractions to two dollars a share late today in the first trading session of the New Year.

In-

Some blue chip stocks cluding American Telephede & Telegraph were among the Vit- gest losers. Trading was fairly active.

Strels and motors

tended to

resist the downtrend but most other section fell in line.-AP.

Closing prices

Ansroads Copper Armeo Sterl Annour

Asbestos Corp. Haiwin-na-11am. Baltimore & Ohlo Bank of Montreal Bank of Nova Scella Brech Life Severs Bell Telephone

Beneftcint Finance

Wall Street from Malaya's U.S.

Continental Oll of DeL 401; Creole P

127.

Ruban Amer, Sugar Delaware & Hudson Co, Elamond Alkal Distillers-Beagras Dominion Hiores Douglas Aircraft Dow Chemlosi

Dupont de Nemours

402) Family Finance Corp.

المالية

Femo Corp. ****

sig den Co... .............

15% Handard Oil of Ind.

In

HBIL

Bicel Co. of Canada

Sleep Rock......

Blone & Wrister Biudebaker Packard Corp.

511h Swift & Co

23

Textron Inc.

734 Thiokal Chom,

18015 Tide Water, Oil

336 Tri-Cont. Warrants

Twentieth Century Fox Film 791% Union Oil of Cal. 1312% Union Premie Hallway

634 United Aircraft

United Fruit

2016 United das Carp,

REDC

2014

טר

40

Betlehem

Banquet Cufel

Bendix Aviation Corp.

Flat Nos Chy Bank

1 Ford Motor Co. of Cana.

Cleargta Pocide ...

Bardet. (THE) Co.

General Dynamies

35

Abijbl Pwr. & Paper

401

Burroughs Add Machine

27

Ucnerri Betrie

Algona leel Cmp.

3

Arth Amer. Dil

Gen Pub. Utu.

Allled Chemienta

Frith Columbia Twr.

H4

Gell. Tet. & Elec,

Allied Mia Ine.

Catil. Packing Corp.

30%

Gen. Tyro & Rubber

All ChalmeLA

ano. Bk. of Cemin,

A. Brake Slive

345;

Goodrich (D.F.) Cu

Ain. Cable & Radio Carp

114

21

American Cymakid Co.

454

Anet. & Foren. Power

Am. Car & Electric

170

015

23

Am. Natural Co

12%

American melting

Am. Sugor Ref.

2874

American Tel & Tel

Am. Hine Prod

Am. Mach. & Fairy

American Metal

American Tob

Crabell Sup Co. Canadian Portlet. Cat. Traeter

18%. Celanese Corn. Bats

Chrysler Motors Cluell Peabody

Colombian Carbon Co

Commercial Credit

Corning Glass Works

Consolidated Edison

solidsted_Paper

Consumer GAS

Continental Can.

LONDON STOCKS

CLOSE FIRM

London, Jan. 3.

Goodyear Ty

2824 (Greci Northern Railway

22 Grip/133 Alreril

Man Gun Dil Se.

#Hammond Organ

5 Heyden Newport Corp.

7015 Hemestake Mirung Co.

174

60

4214

16

39

Stocks were unsettled by over-liquidation early in the session. The market, however, later closed firm.

Gond buying produced gains of up to two shillings In sters, 0114 miscellaneous touders rolled later and finished slightly Improved. There was a demand fur bank and Insurance shares.

Gold issues fell back an ex- pectations of a poor repert for Geduld. Coppera Free State 1dled, in made some headway,

oils eased, rubbers frmed and teas were in neglect.

Gilt-edged securities were trendless and doller stocks Armed-UPL

Closing prices

British Government Beckriden 2. Consolidated-243-13/16. 31, Conversion.

3. Savings 2055/05-00.

Havings 1900/70-70-9/16.

3. Baving 1963/15--21119

Banks & Insuratter

Barclays Ord-08% 20.

Chartered Bank-47 d.

Hongkong Bank~~£13.

Lloyds Bank-72 d

Lombard Banking Orım 190.

Voltar Tasmanice-deleted*

"01"

Humalı Oll-ata 3d. Royal Dutch-£11-15;14,

Steel Engineering Baleur & Wileox Ord-$; 41%d. United Steel-58) 3d xits. Vickers Gid20.4.

Industrials Asoc. Elec, Indnarava Okt. Ave. Purtland Cement-10 sd, Honden, Marko Ord-$ 720

[ Motor Ond-104 4d. Conty J. & P.) Ortschi mi,

(d.

Courtaulders Co.

Je Run

3.lop Rubber Ord-22% 10d. Eleo. & Mus. Industries 424 Odl. Ford Motor Ord-1435 Be. Gon oldings) Ord-3. Hawker Siddeley Ord 10t Marks&Spencer "A" Ord-s

المراة

Full1-10yre-43′′

Standard-Triumph-9€ 105,1, Unilever Ord(478 1d. Woolworth ard-ons Ge!.

Miner

De Beers Def-155 710. Paling - 70.

Macellaneous

Bowmaker Ord—219 4190...

itmekong Chuna Go-15%. Indching Def. Ord-25%

P. & O. Stearn Nav Dete 4150.

-Kruter.

Human Retrig.

Idaho Power....

Imperial Tubaceu

Ingersoll-Rand

Infand Sleet Co.

Interchemical Corp.

Kalmer Industries pregu

Kansas C. Power & Light.

Kennecati Copper

Klinberly Clark ...........

Line & Myers Tob. Co.

baly Tulip ...

frckheed Airera!!

Les Incorp.

Lorillard P...

wenstein & Sons

McDermoti J. Roy Merck

Mebl Iron Corp. Muntcesti

Montzonery Ward" Motorola Inc. National Biscut Co. '

National Cash Reg. "A" National Dairy Prod.

New York Central Noranda Minca Lid. Norfolk & Western By.

Pan American Airways

Penn. Ball. Co.

Morris

Pitney Bowes

Radio Corporation

Raytheon

U.R. Line Co.

U.S. Rubber

U.S. Blee!

U.S. Steel 7 1.C. PF

Warner Bros.

Westinghouse Air Brake

Western Union Tel. Co, Winn-Dixie Blores

Zenith Radio

Drought affects wool market

London, Jan. 3. South Africa's Severe

drought cut total offer ings of wool in the July- November

last period year to 445,000 bales, a decline of 8 per cent against the 1959 figure, the International Wool Secretariat said today.

The selection of wooks remain- ed average to good at all ports, although clips from the north- western Cape Province showed the effects of the drought.

Total weight er wool sold was 118 million pounds which

realised £18.5 milion against £120 million. yielding £23 million In 1959,-UPI.

Agreed merchant

import policy

By Gordon Hung

Direct shipping

Kuala Lumpur, Jan. 3. of American imports to Malaya has cut deeply into Hongkong's posi- tion as a transhipment point between the two countries.

HONGKONG STOCK EXCHANGE

توها

Our Own Correspondent

Business done at the Hong- kong Stock Exchange this amounted to appro- morning

$3,175,000, ximately.

Noon the morning's quotations and transactions:

Shares Dyer Sellers HK Bank .. 143 1435

KK Back

Lon. sing.

E. Asin Lombard Whart Waterbant Wheelock

Balen

30 + 1435

2143

20 1213

500 or 45

263

100 20 200 260

20.20 D.33

9.00 CC00 La 0.55

1000 9.00

1000 9,00 2000 9.65 5100 AT 0.60 100114

117 110

Dock

Provident.. 23.00 23.70

4114 41 HK Hotel IIK Land.. 75 7515

100 Gr 110 200 117 2900 21.00 600 23.10 6000 or 414 *00 + 75

North Amer. Aviation

Northwest Airlines (Com.)

Öklihama Not, Gay ANLA

On Mathieson

Ots Elevators

Buxd

Owen-linola Glass

9124

Pacific Car & Elec.

73

17

Paramount Pictures

5321

21

791%

4015

Publicker Industries

Thuntntag

24

Pure Oll

33%

3549

Republic Steel

AJ

Reynolds Tobacco

Royal Dutch

322.

Thiem: Mig.

Sears, Roebuck & Co.

Shell Oll Co....

Safeway Starry

Saint Tieg. Paper

Sebenley Inc.

Scoll Paper

Sinclair Q

39

Smith, Kline B French

4916

15

exchange

market

Southern Natural Gas

Southern

Sterling notes (per £11"

Southern Hallway (Com.)

Sperry Rand.....

Autration notes (per

12.60

Indonesian Rupiais (per

2.40

Standerd Branda

53%

Slom teafa (per 103)

2015

Standard Oil of Cal

476

Singapore (Straits)

Electile

South Puerto Rico_Sugar

Pace Co.

rátes

Swiss Franes: Maximum Sell- ing 74-15/16.

Exchange rates

Buzinees was done in the local unonicial

morning at the following rates. US. dollar (per 1

this

2000 75%

1000 44 7514

DOOG TO

1400 44 10

50073

The Federation and Singapore have considerably increased their Imports from the United States as a result of the dollar Import liberalisation policy adopted by both territories early last year.

During the first 10 month of

RTATION

Build it yourself

cabin cruiser for boat show

London, Jan. 3.

Last year, the value of American A cabin cruiser from one of a set of "build-

Imports was M3156.2 million, compared with M$123.2 million over the same period of 1969.

But of this total only 5.4 per cent or M$8.5 million worth of American goods were imported via Hongkong, compared with 38 per cent M$47 milion in the first 10 months of 1950.

Was

into

the

her-yourself" kits produced by a U.K. firm is to be constructed by boat build- ing apprentices at the International Boat Show to be held in London this month.

de-

The firm has been specialis- ing in the production of baal kits for more than ten years, and offers a range of 13 slyns, Inom small selling dinghies which can be carried on the root of a car, to sturdy cabin cruisers. Some world's leading daigners, in-

of the

traffic

U.S. air control criticised

New York, Jan. 3.

trol in the United States "Is more procarious today was three years ago," an American avia- tion authority alleged hore today.

than it has

Large increases of American imports were recorded for cotton Abre. tractors and Industrial machinery. Nearly M$3 million worth of American catton fibre

Imported Federation and Singapore in the increase of M$2.3 period, an million.

The Federation and Singapore also bought more fruit, mans-

cluding Ua Fox, Ian ProotorThe state of air traffic con- factured and unmanufactured

and Jack Halt, are responsible medicines, tobacco,

chemical

for the mall ending craft. products.

and paper

paper

The cabin cruiser to be built boards, iron and steef power

whaso design Is one generators and electrical equip achieved great popularity in ment from the United States,

the U.K. i can be built to any EXPORTS

length between 19 and 20 feet can, it he American goods imported via and the vwaer Hongkong consisted mainly of wishes, fit any type of cabin

articles ari on the "basie" hull. manufactured

The firm sells bouls partly Trafle medicinal products.

Malaya's increased purchases assembled or completed, as well of American goods have nol, as in kit form, and five of its sold in a statement that lack of euffelent emphasis on jet however, resulted in more cx-craft will also be on show. In

tradic control the age air ports to

the small boat class are During the first 10 months of (General Purpose) G.P. 14, de-threatening the this year, the value of these ex- signed for family sailing, and public. ports was

the 13 feet three inches Enter- M$460.4 million, a

popular a ↑ drop of 1$3,2 million over theprise,

States the United

Me Francis McDermott, Ex- ecutive Diretor of the Air Control Associations

was

safely of the.

100 m 7511⁄2

200 61 75

1000 15!

racing

He sald "almost

Vaurati

110

110

300 or 110

200 119

canic period of 1959,

dinghy.

(New)

400 12

Hit Tram

2002

Goer 20.de.

The decline was. attribut- Able

1000 20.00

1500 24.70

In the larger salling classes antiquated system," and what

Wi of transfusion less American buying are the 17 feet alx inches Osprey,

and versatile, and of Malayan rubber, purchases fast

understanding

run

that Ume

out

had our

Was

needed

4

the

1000 20.00

and designed

for

tha problem by

1000 20.00

und

"quick recognition, and action" on government

eneral #

5000 of 20.70

100 e 20.00

public.

1000 20.70

000 20.00

Ch. Wight 24.30 20.00

THE UNION OF

SOUTH AFRICA

57

20

SOUTH

AFRICA

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 fran Mining Machinery

Rach Drills & Tipped Tools Agricultora! Mochleary &

Implements

Industrial Machinery &

Spares

Motor Spares & Accesories Pipes, Tubing & Fittings Tops, Cocki & Valves Cost from Pipes & Cavars Tronze. Bearing Metals &

Sulders

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

ELECTRICAL INDUSTRIES Batteries

Motors, Generators &

Switchgear

Cable & Conduit Transformers & Insulators

CLOTHING & TEXTILES

Ready Made Clothing Fashion Wear

CUT OUT THIS COUPON AND SIND'

Footwear of all Kinds Blankets & Rugs Worsteds

Wool, Raw, Scoured & Tops

PACKAGING INDUSTRY

Paper Bags & Paper Sacks Cartons

Moulded Containers Igg Trays

AND MANY OTHERS !

The Senior Trade Commissioneri for the Unlax of South Africa la Eust-Asia “Ta#'Flóář,KPM ̈#ultdling.^Robinson Road, Singepare”~~~

Please send me the names and addresses

of South African Reporters afian

'The name and address of my firm is as followslan

ADDRESS:.

NAMI.

Telephone

... 20.00 20,00

G., Cement ess

Dairy Farm 321434

in the period totalling 104,010-Seagull Sloop, 18 feet six inches tans, compared with 147,581 overall, tons in the first 10 monilia of constal, 1950.

The United States, however,

AIR COLLISION

arid estuary

inland industry cruising.

The firm has now sold boats 2000 200 bought more tin from Malays, and kits to more than 60 coun 2000 29.79 her off-takte having increased tries overseas, from Greenland

If the problem had been at- up

to the tropies, with a strong 200 # 29.04 from 10,734 tons to 25,583 lons,

tacked vigorously after the col- 1000 or 20.70

For the whale of 1958 and market in the United States, 1000 G 29.30

Two kits suppiled to the Br- Usion of two airlinera over the 1600 BY 1950, her purchases of Atalayar tish North Greenland expedi- Grand Canyon in 1956, be paid. month'a disastrous New 1300851

tin totalled 10,885 tons and tion proved that the boats could last 2000511

22,801 tons respectively, 2000 1 23

stand up to lemperatures as York air collision might have 600 to 85

low as 50 degrees below zero as been prevented, black pepper to the United easily as to the heat of Ceylon, States In the first 10 months of the Persian Gulf or Central last year amounted to 4.049 Africa--LPS. tens valued at M$18.3 million, conored with:

760 4 B5

1000 3235 2000 or 3203

321

Bod of 320

Allled Invest.

7.95

A. Hubber

3000 B 7% 1000 73

11.80 54 0.83 3000

14 7.70

5.70

Watson

Textile

Nanyang

2000 2000 5 25000 5,80

2000 ve 5.80

Rubber T

7.10 TO 3000

Talkno Dock

200

1200 72

1000 72

1000 1

29.30 24.70 1550 251

Humphreys

Really

... 1.075 1.00 12000 1.55

Stor Ferry 11K Gar

101

109

8090 300

* 1.0G

184

14.10 10.20

e 15.10

100 ve 10.20

200 10.20

100 + 10.20

IK & FE

Iny.

****

Cold Marg. (Ord) Lane, Craw

1515 10.00 1000 @ 15.00 600 15.00

50

Unit trust

First Hongkong Fund. Buyer Price: $1.07. Seller Price: $1.14.

Singapore's

Worth M$14.3

re-exports

10,123 Lobs million in the corresponding period of 1969.

L459

venter plywood and inanufactured wood was also ex- ported to Amerlea in the period,

Cotton market

Keel of freighter

is laid

"If the second warning docs not result in constructive and immediate action, the tiven of hundreds of thousands of air- the future line passengern and

of the aviation Industry in thin

will be country

in serious Jeopardy." Mr McDermott said.

The "constant blekering be tween government and the en- The keel of the 565-foot tire avinilon community" over

San Francisco, Jan. 3.

agency

re-

freighter China Bear was the past three years had not laid today at the Bethle- helped, he added. hem Steel Co. shipyards Mr McDermott. A former where

aviation a sister-ship, the federal Philippine Bear, is being search and development official, represents a national profes- built.

kas sional association which Tho two C4 Mainer class 9,500 controller, pliot and in- The cotton textile market ships are for Pacific For

Was

New York, Jan. 3.

East

dustry members---Ïteuter,

to

qulet today with line which will operate them in buyers and sellers ap the Philippines, Japan, Korea,

a-cargo-passenger service praising the outlook for Formosa, Vietnam and the new year.

MUS

Iand. continued their efforts The

Thal-

single-screw, geared- to hold the Tine on clbih prices turbine propulsion will give while converters showed cau- them a sustained speed of about tion regarding general business 20 knots, condition.

#

Cargo ship ordered

i

The China Bear will be The Port Glasgow yard of The wool roods market was launcheit next autumn and will Lithgows Ltd., is to build slow, with mills hoping for a be delivered in the Spring of pickup in activity tex this 1902.

Bear The Philippine will be launched late next sum- synthetic goods market mer and should be completed was quiet---AP

by the end of the year.--AP.

month.

The

COMMODITY

FOREIGN EXCHANGE

NEW YORK Closing rates: England omeint,

30-day

Australia”

No. 3 Jani.

No. 3 Jan. No. 4 Jan. Spot rubber unbated Dinkel cropa.

No. 1 pale, crepe

LONDON

Closing prices

per ib.:

PRICES

month

Сорти

Tin

- Spot

-7314 9112-0333

Spat

-month

Lend 1st half

all in pence

Settlement house term:

No. 1 tes spot

2.8000

Jan./Mar.

4.0035

Apr/June

22450

Jkty/Bapt

2,7900

Bouth Africa

24100

Balgar

AROLIN

Dilera tichanged-UIL

Ju

New Zealand

RUBBER

NEW YORK

Nov/Dec.

2016-241 2012-20

Jaarkets, cit. banky pr

Estato crepe thin fan.

thick Jan.

AMSTERDAM

Closing prices all fu guilders

per kilogram, c... Jan.

No. 1 rupper

No, a rubber

Río, a rubbHE F

Rex rubber, futures closing | No. I cleps prices, all in cents per-lb.:-----

Nov.

BINGAPORE

Malkyan-

Closing prices all in Gtralia

cents per

No. 1 Jan.

Ib. 1.ob.

Jan,

-month

Zinc fat hair

Jan,

S-conth

Buyer Bellors

100% 2009% 799

7001

podst

COTTON

NEW ORLEANS

cargo ship of some 13,000 tons deadweight for the carriage, of dry :cargo,

The ship has been ordered by the firm of H. Clarkson and Company an' sister ship to the motor vessel Clarkspey launches a year ago and cornsmissioned this year, The contract. --has been placed at a fixed price of £1,038,000 for delivery in December., 1902.

The Clarkspey was engined by the Greenock, fium of John |G. Kinesät and 'Co, Ltd.,' with. a diesel engine, of tho Bur- meister and Wain type and it in likely that the new vessel will be similarly engined and will be of the same high; standard of |finish key wovomituidation as tho

sister ship-LPS.

CAR FERRY SHIPS

Closing prices all in cents per New car ferry ships are

7.50 buyer 1lb.:

METALS

LONDON

-Closing prices as in sterling per long toni

ü

Spot: 2008: Mar: 2010; May: 32,67; July: 38.04: Det: Bládi Des 33.00 - Mur:-23no;-hday:: 28,80; July1 32,90,-

· LIVERPOOL

Closing prices all in penes par

American Cintráci v Meri EUR] MAY! 1320; J0Y: 22,55:

milesá Donitsal:

being built for use in a number of countries. One of the larfoil is the 7,600-ton bajauto-carrier, still to be named, that will all beiwend" | Kiel; West Germany, and Galo,

Glumes with, over, 181t, clear-