THE CHINA MAIL, WEDNESDAY, JANUARY 11, 1061.
طنع لنفس الاب
LONDON Wall Street again
STOCKS GAIN
London, Jan. 10. The London stock morkot hit a cheerful note today. Government backed
Jesuca showed gains, dollar stocks were adjusted to better levels in Woll with higher Aympathy Street values. Industrial shares forged ahead.
Among the issues which went up were British Oxygen, Dunlop, Metal Box, Courtaulds Dench ICT.
New York, Jan. 10.
The stock market advanced again today in
hoavy trading.
The market was slightly higher and active at the opening following yesterday's good rally. It
HONGKONG
STOCK
advances EXCHANGE
1. C. TVL Co.
Beneficial Finance
turned ahead solidly in the first hour and con- | Beech Life Avers tinued to rise until mid-afternoon. Profit Tephone taking in the final hour left most prices below their best for the day at the close.
It was another very broad market. In which 1,201 Issues crossed the tape. Of there, 677 advanced. 303 declined ond 211
It was a quiet day in all and closed unchanged, gold, but gold Cosional adverse movements,
to
suffered
| -30
some London selling Little interest was shown 1 other sections of the mining muarket.-AP.
Closing pricos
Hridih Government Hecuritiem 2. Como}{dated---£43)).
Converslun £56-9/10, Savings 1963/63—2 DG-1/10. 30. Savinge 1960/70-£781, 3. Savings 1908/15--10/no.
Banke & Insurance
Barclays Ord-874 m. Chartered Bank.
Guardian Assurance—119; 13. Hengkeng Back-£74). Lloyds Bank--72m 04.
الان
Buat On... -40%.
Tuyal DutchCL2-116.
Hirely Fagineering
Rubeori & Wilcox Uni-3ga 7+7d.
Mailed Steel-d Vickers Org - d
Industrial
Assc. Elec. Industr
Awoc, tland Cement-96 1996, Bourdinan, Marden On-in 10. Denish Motor Ord-15% salad. Courtnuity Orth -44% 1964.
De La Rue Oul-57
Dunlop Rubber Ord-2
Get.
Mon. tndustrie-13, 34, Find Mob Drd 143.5 3.81. General retrie Ord-315 76 Guman king) End -3. 1816. Hawker Sithieley Ort-2 104 Marks & Spencer
Did-Bis "A"
-Buy 437 $190. Stoddard-Triumpali-409
Tailever Otd-1304 +0. Waaluurth
MISING
De Beers DVI-150M 30. Paling T-
Miscellaneous.
Bowinaker ON-14 10
nego Pacific Ord
ong & Cuna Gas--15.
India Def. 010-24.
P. D. Steam Hav. Det.40
4.
P.O
There were co new 1000-02 lowvw, highs against five new yesterday there were no new laws for the year.
Standard and Poor's 600 stock lodex rose 16 cents to $40.97. Based on this indicator, the quoted value of all stocks listed on the Now York stock exchange Kained about $1,000 million.
STRONG
Ling-Tenco win, teve and, up 15% at 20%, Also active, Ryder System foll 28% to 1914, Endicott Jchmeen lost 4.
Procter & Gamble rose an published news of a 2-for-1 sick split and plans for dividend Increase,
Polaroid fell 7%, 1%. Eastinan Kodak, Merck 4.
Bendix Aviation Cotp.
I Cops. Doong Airplane Borden (Tho: Co. ... Burroughs Add, Machine British Amer. "O11 Cant. Pucking Corp. Cara, Dk...df Curran Cana. Brew@TE Campbell Soup Co.
Cate...) Co.
Cat. Tractor
Celattere Corp,
C.I.T. Financial Corp. Chose Marthas. Bank
49 Lollard P.
4815
201
Go
Lowenstein & Sons.
McDonnell Aircraft Merħbi Iron Corp. Minnesots Matag
14 Mission, Development
Monnio Chantent Co 4801ornia......
National Bleuit Co. National Dairy Prod. National Steel Corp. arada Mines Ltd. Norfolk & Western Northwest Aller Oklahoma Nal, Gas Oil Mathieron Gwen-nos
by
Our Own Correspondent
Business dont At the g
Hi Hòn Stock Exchange this morning mounted to approxi
72!!
25 mately $3,470,000. Noon quota- 44% trone and the meriting a transac
tions:
Shark Dayers Balleri
Bades
IK Bank.. 140 1933 200 -1445
210 1430
50 1455
731450
HEX
43
Lombard Ins. 401
less
1316i whart Co..
273
G716
64xd up Morris
Oxford Paper Co. Yer. Bali C
27
Waterbont
500 20 20
Wheclock
9.05 7400 0.70
1000
40
2000
Viley Bowes
22% Procter & Gamble Cu.
Pittsburgh Plate Clas
Duck.. 117 118 40 $18
414
A
Raytheon
14 and
cluett Peabody
Commercial Credit Corning
Grand Works Cansolidated Paper Consumers tas
177
101
Publicker
Portland, Gstring
Elec.
C. Provident 24.50 2430
400 11
1700
apy
Reynolds total,
- Ilotel
4:00
Royal Bank of Canada
IX Land
Royal Dutch
61
Rheem Mig.
30
Sears, Rorbuck & Co.
Atlantic Coast Line gained
and Ohio 1. Continental Can Chesapeake Southern Railway 1, Ameri-Continental Oil of Del.
Creble Pet con Smelting 1, DuPont 34 Crane Co. Phelps Dodge 1, Douglas Air- Delaware & Hudson Co. craft 1%, nna Martin 14 fol- Diamond Alkali owing ratifcution by sharehold-amond Card jers of the 2-for-1 stock split--| Douglas Alteraft DAP.
Most guns ranged from a few cents to around one share.
dollar
strong steels
The waits continue along with some of The and autos. Most other major groups were mixed.
The Armciated Press 60-clock average rose 70 to 225.AV.
The Dow Jones 30 industrinis finished up 1.30 at 625.72.
Volume
to 4,940,000 rese shares compared with 4,210,000 shares traded Monday.
Seven of the 15 most active slocks deefined, six advanced and two were unchanged,
Consolidated Edison was the most active stock, off at 067% on 31,400 shares. Second was Studebaker-Packard.
1 % 1
7% on 05,000 shares. Third was Certain-Teed, off 14 at 25%
04,200 shares.
Next came National City Lines,
al 214. and
Standard Oil (New Jersey), off
1 424.
ORIENT
LINES
EMBARKATION NOTICE
R.M.S. "CARTHAGE"
for UNITED KINGDOM via SINGAPORE, PENANG, COLOMBO, BOMBAY, ADEN, SUEZ-PORT SAID.
EMBARKATION: The ship will be berthed at No. 1 Passengers Pier, Kowloon Wharf. should embark between 2.00 p.m. and 4.00 p.m. on Friday, 13th January,
SAILS:
BAGGAGE:
1961.
The ship is expected to sail at 5.00 p.in. on Friday, 13th January, 1961. Should be sent to the Hongkong & Kowloon Wharf Co.'s Godown (No. 2 Gate), Canton Road, between 8.00; a.m. and 5.00 p.m. on 12th January, 1961.
SUBJECT TO CHANGE
Agents:
MACKINNON, MACKENZIE & CO. OF HONG KONG LTD.
Telephone: 36211/9.
P.O
ORIENT
Closing prices
Abitibi Pwr. & Paper
Alden The Roy
Algoma Steel Corp.
Allied Mitts Inc.
Am. Brake Slice
American Airline
Am. Cable & Radio Corp. Aner. Forgh. Power Am. Gas & Electric Am. Uume Prod. Am. Mach. Pdry, Am. Natural Gas Am. Sugar Hel Ampex
Asbestos Corp All Cons Mining Baldwin-Lima-Tam. Bank of Montreal Bank of Nova Scotia
Ditor-Seaprons
Daw Chemical
40-4
Pullman
Hafeway Store.
3134 Saint Reg.. Paper
33 Siegler Coro,
Yaumati
Youjnati
HC Electric
20 30%
4500 Lt 27.20
.200
2000 6 27.10
SPORTATIO
Japan to build U.S. twin-turbine helicopters
Morton, Penn., Jan. 10. An agreement between the Vertol division of Boeing Airplane Company and the Kawasaki Aircraft Company of Japan has been approved by the Japanese Government, paving the way for manu- facture of the new twin-turbine Vertol 107 transport hèlicoptor in Japan.
Vertol division of Boeing said today that the licensing agree ment, approved by the US. 30304awasaki Alerat
government last April, will give Company
1000# 30 4000 34
119
120
Eastern Air Line
1-74. Belenley "Ine.
Scott Paper
*(NW) ****
HK Trung •
33 231%
First Nat. City Bank
Family Financa Corp. Ferro Corp.
91
Suudi Puriti Rico Sugar Routhern Co. The
1000
1 40%
Ch. Light..
27.10
Ford Motor
Ca
54%
General Dynamies
300 77.30
Gen. Pub. Util.
2014
ū1
Gen. Tel. & Dec.
22
4
Celty Oll
Ta
22
Goodrich (G. F.) Co.
51
Grentino Alveraft
384
Stokely V
Stone & Wetter
Gulf Oil
60 lamunond Organ
B02
ram Walker... Homeslake Mining Co
Heyden Newport Cup.
38
Imperial Tobacco
13
30
2
016
Lily Tuilp
37
Litton Ind.
30% Human Refrig.
Inland Steel Co.
Kimberly Clark
137% Zaggett & Myors Tob, Co.
Natural CAT
Sperry and
cine Co.
Steel Canada
Steep
Arching Drug Ob.
-Van Camp.
Tile Water O1)
Tt-Cont. Warrants
Twentieth Century Fox Fira United Fruit
U.S. 177.C. PF
1st V.B. Steet
Motora 7816 Weinhorn A Brake 334 West Va. Pulp & Taper Winn-Dixle Stores
3' Zenlik Ratio
7:00
Big deals in America:
Are they really wise?
By ALEXANDER THOMSON
London, Jan. 10.
Telephone
►
G.I. Cement
1000
2001 30
1000 or 30 10030
30 30 425030
GC!,
500 Gr 39
27
600 x 60
1000 G8
10 of 04
Dairy Farm 321 3224
Watson Allied Textile
Sanyang
1000 or 60%
2004 0845
1000 07
100 32 1000 322
301 401 Inv. 5.10
1000 1.75
7.93
-
13.70
A. Rubber 8.00
n. Trust
-T
209331,
000712 10007.02 2000 @ 0,03 3000+8.03 8000 B
1000 7.93
one of Japan's leading aircraft firm, exclusive rights for the manufacture and sale of Vertol 107 helicopters and spare parts nen-exclusive in Japan, and rights for sale of the helicopters In certain Southeast Asian coun- tries.
25 PASSENGERS
Under the terms of the Bleens- ing agreement with Kawasaki. initial quantiles of hellcoptera will be
complete purchased
Far Eastern (markets -calm
Aftor
sudden
London, Jah. 10, yesterday's spurt of activity the For Eastern markets of the Baltic Exchange have Hopsod back into custom. ary calm with no reports of bookingi.
was
The European market. from the Vertol division. Fal. moderately active. A number of lowing this, progressively fewer grain booldings were made in complete helicopters will be decluding the motor vessel La 1000 7.95
livered by the Vertol division Hortensia with 13,200 tons of 1000 7.00 14 1000 @ 33.70 for assembly in Japan as the heavy grain from the Gulf to 6000 6 13.30 Kawasaki production line Is Japan at 90:40 for loading in 6.03 3400 F 5.23
The agreement la the only position
7% 7.30
Talkon Dock 73
Humplucys 23.70
How times change. British citizens are investing more star heavily in North American real estate than ever before.
In little over a, year, their, a 42-storey office skyscraper is to participation in three projects be built, alone accounts for nearly $70 million or £25 million.
There will also be a big shop- ping centre. Parking for 1,500 cars. And goodness knows what LATEST of them is the Place else besides. Total Cost $80 ml- Ville-Marle development on
lion. Seven-acro site bang in the centre of Montreal.
0
the
Ferry 100
HK Gas
16.30
༈ *
73
2000 4.85
18000 5.90
1000+ 730
2000 47.30
400 6 12
100 GL12
bull up.
one thus for
approved by the Japanese government
1000 25.70
hellcopters.
100
300 26.70 300 25.70 19% 50 $90 100 100 190 101 100 1015
2300 10,40 2500 1814 200 or id
His City Centre Properties has Treasury approval for un Il- vestment of $20 million. Cost
whoic venture, $100 Realty ... 1.975 of the million.
Late. Craw. 42 455
PRESSING ON Half the equity in this bold PUT this is not the end of the venture is held by Eagle Star B
story. Both Mr Clore and ond
Second Mr Cotton, who are soon to This is going to be an im-surance
merge their property interests, mense affair. Over the tracks of Covent Garden Property Co. Sir Brian Mountain 81, the Canadian National Railways,
scem anxious to press on with head of them both. Their stako other developments in the USA. In it, through shares and debet- And the Trizce Corporation, the Ville-Maric concern called the controlling tures in a Trizec Corporation, will be close venture, has entered into signifi- on $20 million.
cant commitments already,
World
rubber
market
New York, Jan, 10. Rex rubber, futures today 13 closed unchanged to points higher with sales of
29 contracts.
19
THEN there is the investment by Mr Charles Clore's property company, City and Central, in No. 40 Wall Street.
When Clore bought a 00-year lease last September, he became landlord to some of America's
and biggest banks houses.
of
When the Royal Bank Canada and the Montreal Trust move into the new Montreal skyscraper, Trizce stands ready to take over their existing
down-town premises.
brokerage This deal is part of an ar- which the com- rangement by
been able to secure pany has these important tenants. The plan to to use their old proper iles for new projects.
How much he pakt for this alice of Wall Street has not been revealed, But estimates have ranged up to $20 million.
WELCOMED
No doubt the U.S. Treasury has welcomed this Indul- gence at a time when gold has
away from its
catate
3000 15:40 1000 6 10.49 1.90 5000 6 1.00 1000 i 1.50
1000 6 42
500 $211 300 4214
Agreed merchant
rates
Canadian $ Maximum Selling 17-11/32, Minimum Buying
17-19/32 T/T; 17-21/32 0/D.
107 is
for
January 31 to February
13
Port
A go of rerap was booked production of turbine transport abcard the diberty ship Unset
fren Pertand, Malko The Vertol
Tunge to Japan in a 25- Everglades
February 10 to 35 position and Passenger
which helicopter
the current rate of lump
dum cruises at 150 milles per hour. It is powered by two General $110,000 Electric T58 gas turbine engines.
Ruu
Aluminium pontoon for oil terminal
A 50 ft. aluminium pontoon, the second of its kind, was recently completed by an inland yard in the U.K, for the Esto Potroleum Com- pony's marine terminal at Milford Haven.
The builders were Whitting- and Mitchel Lid., in Surrey, southern England, whose
few West German Deutschemarks yard is a miles outside Maximum Selling 72-9/10,
London.
The first pontoon, from the same yard, was smaller and went to the Fawley terminal near Southampton. The main
Belgian Francs Maxknum ham Selling 005.
Exchange rates
Business was done in the unofficial exchange market at following rates:- U.S. dollar (për 81) Sterling notes. (per 1 Australian notes (per 21) Indonesian Rupiah (per 100). Sjam tesis (per 100)
. Mr.. Wilitum Zeckendorf, the New York' property man who sold No. 40 Wall Street to Mr Clore, has the other 50 per cent holding in Trizec.
Now where is the British singapore (Straits) capital Although quiet, the marker been streaming
coming from that 13 vaults at Fort Knox, showed a steadier tone on an
going into all this real The dollars we have been business in North America? improved buying interest amo putting up must have helped to local dealers and more inquires fessur America's heavy gold from the smaller factories, how losses, due to vast operations in
thought leading Europe. ever, brokers consumers might be m the Of course, we get a kick out market leter this week, or early of these big property invest- next week for usual mid-month covering operations.
Much of it, apparently, is from our Icading insurance companies. The Prudential, General Pearl and Legal and back Mr Clore and Me Cottun. And the Eagle Star, us we consider- swell DUT prido to no smalable role on its own. degree.
---{London Express Service).
ments with a dollar label. They have seen, is playing LINES
EMBARKATION NOTICE
R.M.S. "CHUSAN"
In Singapore, the market conditions continued very quiet with price holding at about yesterday's final levels.
There was some enquiry for lower sheet
Tho
good old Union Jack fluttering It is pleasing to imagine the proudly over much fine buildings In New York.
But it is questionable whether It would be sound finanće. 10. continue this kind of doller in- afternoon opened envesting at the present time.
FOR KEEPS dramatic
a higher level on some trade
för YOKOHAMA, SHIMIŻU, KOBE, and HONG KONG. rather steadier lines and held EMBARKATION: The ship will be berthed at No. 2
SAILS:
BAGGAGE:
Pier, Kowloon Wharf. Passengera should embark between 3.00 p.m. and]
buying---UPI,
5.00 p.m. on Saturday, 14th January, Sugar futures
1961.
The ship is oxpected to sail at 6.00 on Saturday, 14th January,
p.r. 1981. Should be sent to the Hongkong & Kowloon Wharf Co.'s Godown (No. 2) Gate), Canton Road, botween 8.00 ha. and 5.00 pau. on 13th January, 1961.
SUBJECT TO CHANGE
Agents:
MACKINNON, MACKENZIE & CO. OF HONG KONG LTD.
Telephone: 36211/9..
advance
New York, Jan. 10.
THESE
property A deals are all very well. They will provide a good Income.ovar the year. However, once made, they are there for keeps,
The dollars they represent cannot bo easily withdrawn.
Unit trust
First Hongkong Fund:: Buyer Price: $1.09. Seller Price: $1.13. Special Offer seller
$1,11.
was agreed on flo whent terms. The rate for
Gult to west Italy froin the increased by 20 cents to 37.20
booked when charterers
tha Marla, G Culicundis with 9,500 tons in January 15 to February 2 loadings position. This was followed by the booking of the Trinity
with 14,000 tons for January 14 to 21 position at the same rate. Time charter re- mained quiet.-UPI.
A
Ocean tug for South Africa
powerful
ocean-going steam tug, the J.R. More, was launched recently by
·Ferguson Bros. (Port Glus- their gow) Ltd., from Nowork Shipyard at the mouth of the River Clydor
She is for the South African
structure has in each case been Rilway and Harbourg Ad- local of aluminium, prinarily to re- ministration and is the latest in duce the labour and expense of a series at vesels built by this yard for ther owners in frequent maintenaner.
The Jatt Tifty years. She follows, The pontoon for Milford more immediately, in the wake Haven measures 50 ft x 22 of the F. C. Stueck, and the 20.29 and is $ ft 3 in, in depth, being Danie Hugo, bulli in 1958 and
101 fabricated in four sections and 1950.
fize
9.71
15.67
1283
3.00
Price:
COMMODITY PRICES
COTTON
prices, all in cents per Ib.:
·
assembled ста the gile before
Ifting into place.
The tug was launched by Mrs W. H. Mans, wiló, at the The Internal framework of Advisory Engineer of South part riveted and part wekled African Railways in London. construction consists generally The vessel will strian on oll fuel range of 3,000 miles. of 3 in. x 3 in. x 5/10 fn. ordin-} with a
engines nry angles, with buoynner pro-) Tkspke - expansión vided by 24 cylindrical tanks of generating 3,000 sh.p. (indicated 3 ft. 3 in. in diameter and 5 (1)hure powgg) and driving twin in length welded from 10 s.ws.screws have been bulls by the (standard wire gauge) alum-local firm of Rankin and Black- imum sheet. Each tank is us more, Lid. pended from yokes by altandnlum straps, in such a way that the,
* Jan: 29.43; Mar: 29.83; May: 2985; | cess necessity. July: 29.50; Bept: 29.40 Nov: 2940.
With
grosi registered upthrust of the buoyahay pro-tonnage :800 and of a length vides an additional retaining of 185 fett, J. R. More in force. A trunked manhole is equipped for heavy towing, for provided for each tank for dc- fro aghting and for SOLVUED work. She includès, à celf- Stainless steel bolts have been Tendering towing winch amongst ralige of equipment i wido Closing prices all in Stralis used to ·axtemblo the three which is up to the latest Ievas cells per 18. Lob. Malayan separate sections of the pontoon, and designs. pórti: No.1 Jan. No. 1 Feb.
SINGAPORE
No. 2 J »
No. 3 Jan. No. 1 đê
Sipat rubber untaled manket crepe
NEW ORLEANS Closing prices all in cents per
No. 1 polo crepa
1b.;
NEW YORK Closing prices all in cents per 1b.: spot 2229 HOT ĐƯỢC 2200; Máy With so much "hot" money 3250) July 2012; 04. 241; Dec. coming here from America, 12; 306: Dar, 33.85: May 300; July Would surely be more prudent to | 31.03. ré-invest in dollars that havo a liquki - válub.
For the trouble with "hot" World sugar futures ad- money is that it in very nice to vanced In New York to-do it arriving, but usually day due to the rise at decides to dy away.
highly embarrassing when it London and reports Japan In coming months, there might Is continuing to buy raw well be excellent opportunities
Americas Contract for making sound Bird Invest Mar. 2792 MAY, 22.57; July #bo
LONDON fonts on the New York Stock Oct. 20.00 beg. 1135.
htired Contract
Closing rates: MW, 33.85% MAY 13005, 2017 336; - New, York It would then be far better to | Oct, 2416 Dec. 4429,-97.
Japan övernight, bought 10,000 | Exchange, long of French heel raw stijgende
at the equivalent of 3.00 to 3.100 American stocks sod shires
fender
4 pound for rezilan hat could be swiftly RIE, SET- [hips,), profitably...kurned Into Bald. They katinated that in the last two can. If nogeway,
FINALLY, Me Jack Colton's bas garchinged hardtona: paši, zde butting the more than 100,000 TON of sw Sorld's Larveit Urticle block." 17 sugar, inatly from traku koreys ngn over tiramo centrai
Station, New Yorky
wechts, ino
AP
Book 20,00; Mar. 32.30; May 39; July 3951; Det, az51;', frec. 31.01;
mar. 30 kay 33.95: July
LIVERPOOL
b
Closing prices all in pence per
RUBBER
NEW TORK
Rex rubber 'futilens
and the hardwopd sheathing that Ferguson Brothers have been $515-0016 covers the deck and sides hallding tugs and dredgers and BO-00
bedded
0314-0314
in bitumen where it
comes into contact with the special craft for ever half a 601-011% aluminium structure. In addition century and have a comaldorable 2315-00 to the hardwood sheathing, aeputation in this spectalised
field. 70-21
Most of the tubs, they heavy elm fender is filed along build are in the intermediato $1.2
each aide.
class cl' about 1,500 p.
UPI.
FOREIGN EXCHANGE
} ទ
The total weight of the pon- Light toon, which fonts at a draight of 1 ft. 0 las, is about 17 to, and the weight of the! $ akuminium wiructure about tons. The reserve buoyancy is about 20 tona,
In la operating position thes
Norwegian tanker
launched
pontoon is held between two Harland and "Wolff. Ltd, of
pair of vertical steel undes by patent spring loaded
ahock-
abworting rollers, designed to the builders which both hilów free verilen tidal movement art ¦ I prevent any associated transvärke.j movement, For access from the Jelly to the pontoon, a 10 ft, Blumlanan "alloy gangway, with self-levelling starts
LING.
Govan, večinily launch-
Weight tönkör - Norske Brött für Ninka Brüend- stoffe, LIU, WF Norway. The vessel, why have "élesol testprime or by Burneister and Wain, lys fuitalisa by the
buthiers.
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