1961-01-12 — Page 2

: Pagă Z

THE CHINA MAIL, THURSDAY, JANUARY 12, 1961.

New York stocks HONGKONG

COMMODITY PRICES

COTTON

NEW YORK

Closing prices all in conis per 1b.:

Spot 2: Mar. 32.02; May 32,5): July 2200 Det. 33.50; Dec. 3305; Mar. 23,00; May 33.90; July 33.71.

NEW ORLEANS Closing prices all in cents per .:

Spot 2.05; Mar. 31.00; May 32.30: July 32.3; Oct. 33.52, Dec. 33.63; Mar. 31.00 May 33.90: July 33.66.

LIVERPOOL

Closing prices all in pence per 1b.:

American Contract

Mar. 2294; May 2230; July 22.00:

Oct. 21.90 Dee. 21.00.

Mixed Contract

Mar, 225; May 23.00; July 24.30; Oct, 24.2

Dec. 245.-UPI,

RUBBER

NEW YORK

rubber futures closing

Hex

prices, all in events per lb.:

Just.

29.00

20.25

May

2925

July

20.13

Sept.

20.20

Nov.

22.05

SINGAPORE

Closing prices all in Straks

Bettlement house term:

Jan./Mar.

2314-254-

Apr/June

251-251

July/Sept.

251-25

Nov/Dec.

2521-2015

Jan./Feb.

Jan, Mar,

... 2596-2015

steady

Now York, Jan. 11.

General markets, dif. bad port The stock market was fairly steady today.

Estate stupe

Din Jan.

thick Jan.

2571-259)

+27 251%

AMSTERDAM Closing prices all in guilders per kilogram, c.l.f. Jon.

All unchanged.

-Urz.

FOREIGN

Trading was moderately active.

averting, Drug

Standard 0:1 Olo

Johnson and Johnson spurted, Standard Oil Indiana 54 points following news of Standard Oil New Jersey its development of new surgical

Endication Jokkison, FAUNC

take-over fighting to prevent by Olen Aden, dropped around two,

Studebaker Packard Texaco ine

Thompson Ramo Tidewater Oll *** Twent Century Fox Tram World Airlines Union Carbide...... Union O1) California Inter-Union Factio Stores, United Aircraft Corp

United Air Lines Con-united FruB

Colaus Industries

Gains also ran more than one Ibint in Aldens, Inc.

EXCHANGE esinle Department

LONDON

Closing ralca: New York

Muntreat Amsterdam Brussels

Copenhagen Lizion

Parts

Stockholm Muar

Zurich

Vienna

2.005%-2.80

10.5-10.00

$392114-190.321

19348-10.3495 8020-60.30

National City Lines, tinental Oil and bea -boltiing.

Universal Moleh fell over a 2.78-11/16-2.78-13/10 point in the vending, Beckman climbed more than two in the electronics, Martin gained one in the defence issues, Campbell in the foods, Soup lost two Thlokol and Nopco added around one in the chemicals, and IBM gained around 21⁄2 points in the business machines,

20.637-20.04% 13.33-15.759 145122-14.57 1741 1742 73.00-73.03

12 0015-12.00 UF1.

METALS

LONDON Closing prices, all in sterling per long tou

3-anti

Union Carbide fell 11⁄2 and Procter and Gamble guined the same ununt to record some of the New major changes among the big dustrial issues. Motors and steel moved in a narrOW range.

Today's volume was 4,370,000 shares.

Of a total 1,271 shares traded 608 were higher and 449 lower.

volume

Bonds

American exchange was 1,570,000 shares. volume amounted to $8,570,000.

cents

per b. fo.b.

Malayan

pontst

No. 1

Buyers Reliers

#313-00 B4-B617 833-8314

Tic

mpet

704

•PA-047

Cupper.

40%-Bi

spot

21822

7841

2184S

-1onth

210

04-64

Lead,

Jatni Joa.

J-mail

រ

Zine,

Dow Jones closing

1st half Jan.

7814

789; were;

J-muniti

271

7715

-UPI.

30 Industrinis

20 Rails

Jal.

Feb.

No. 2 Jpn.

No. Jon.

No. 4 Jn..........

Spot robber inhale

Danke! erepa *** No. 1 pais eripe,

LONDON

Closing prices all in pence per

No. 1 spol

lb.:

P.O

2524-2912

ORIENT

15 Utilities

65 Stocks

averages

US Inc

Us Rubber

US Smelt & han US Dieel

Warner Bros Pictures Westem Union Tel

Westinghouse Electric

Yale & Towne Youngstown sheet & Zenith Radio

terket Tons

Total Stock Sales task of America 8015 bid Chase Manhattan 544% brd FIL NE Boston 74y bia Fira Nat City

HONGKONG LONDON CLOSES EASY

STOCK

EXCHANGE

by

Our Own Gurrespondi af

Business done at the Hong- kong Stock Exchango this morning amounted to approxi- mately $9,460,000. Noon. quofa» tions and the morning's transac- tions:

BK Dank.

Lon. Teg.

1150 1495 1235

Lombard Ins..4014

Whart Co.

20

Stocks

London, Jan. 11.

closed easy today under the impact of the government's warning yos- terday of danger signs in the home economy.

A mild rally petered out in the industrial Itst and steels,

170 1485 engineering shares; moters, olls and stores drifted lower. Several blue chip issues bucked the trend.

272 Waterboat.. Wheelock. 10.10 10.20 1000 15 3000 0.85

1090 1 0.04

5000 w 10

2000 10.10

4000 1020 2000 10.30 10759 10.30 1500 10.24

1000 or 10.10

BK Dock

$10

110

600 119

100 110

100 110

2014

1004

Provident

24.20 24.40

higher 270.000 HK Hotel

organ Guaranty 1019, bid 1043; bak

Cuban Reds

sell sugar at lower prices

New York, Jan. 11.

HK Land. 7443

100 0 24.30

Yaurnau

119

120

New

113

UK Tram.

331

Ch. Light 27.40 27.80

2719

21.60

27.70

Electric

3012 2014

20 1500 or 301 301

Telephone. 094 ONE

2000

row

G.I. Cement 200 6814

€22.23 The Communists have begun

unloading Cubon

138.03

101.78

211.29

40 Bonds

84.02

future

prico

LINES

143.24 UPI.

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 Pier, Kowloon Wharf, Passengers should embark between 2.00 p.m. and 4.00 p.m. on Friday, 13th January, 1961.

SAILS:

BAGGAGE:

The ship is expected to sail at 5.00 p.m. 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 6.00 p.m. on 12th January, 1961.

SUBJECT TO CHANGE

Agents:

MACKINNON, MACKENZIE & CO. OF HONG KONG LTD.

Telephone: 85211/9.

P.O

ORIENT

LINES

EMBARKATION NOTICE

R.M.S. "CHUSAN"

for YOKOHAMA, SHIMIZU, KOBE, and HONG KONG,

EMBARKATION: The ship will be berthed at No. 2 Plor, Kowloon Wharf. Passengers should embark between 3.00 p.m. and 5.00 p.m. on Saturday, 14th January, 1961.

SAILS:

BAGGAGE:

The ship is expected to sail at 6.00 p.m. on Saturday, 14th January, 1981.

Comm

index

Closing prices

Allied Chemical Corp.

All Chalmers Aluminium Lid

Aluminum Company Amerada Petroleum American Aktines American Can

American Cyanid American Smelt & Refin American Sugar La American Tel & Tel American Tobacco Anaconda Company Armen Sleel ........ Armour & Company

Atlantic Beining

Associated Dry Goods Bendix Aviation Boeing Airplane Borden Co

Bethlehem Steel

Borg Warne

Bridgeport Brass Burroughs Corp

Candian Pacine Railway

Case, J. 1. Co

Celanese Corp Am Certo De Pasco

Chrysler Corp

Cliles Service Coca Cola Corp Colgate Palmolive Commonwealth Edison Consolidated Edison

Conunental Ol Co-Products Co

Crane Company Crown Zellerbach

Chris Wright

Deti Corp-Bengrams

Douglas Aircraft

Dow Chemical

Dupont de Nemours

Fastern Air Lines

Eastman Kodak

Food Machinery & Chem.

Ford Motor Co.

General Dynamica

General Electric

General Mill

General Motors

General Telephone

Georgia Pacific Corp

Getty Oli

Gillette Co.

Goodrich. B. F. Co

GOODT it. de Co Gulf Oil

Tyre & Rub

Ingersoll Rand

int Business Machi

Int Harvester

Inti Nickel

tall Paper Inll Tel & Tel Jones & Laitpilla Kaber Aluminum Kennecott Copper Libby Owens Ford Liggett Myers Lockheed Alre Lone Star Cement Lorillard, P. Co.... Martin Co

Merck & Company Metro Goldwyn Mayer Minneapolla Stoneywell Minnesota Mining & M

Montgomery Ward

Mansantu Chemical

Moure McCormack Liner Nations cut.... National Cash Hegister

Motorola Ing

National Dairy Prod

National Dotters

Nationss Gypes ...

National Lead ... New York Centrál Northwest Airlines

Din Matheson Chern

h of JUNAGA Frank Gas & Elec Pans Am World Alway Paramount Pictures Pennsylvania JJ

Calk .... Parar, Charlem

Philip Morne, paulina Pérdi

Should be sont to the Hongkong & Kowloon Wharf Co.'s Godown (No. 2 Pipe Dange Gate). Canton Road, between 8.00 am. and 5.00 p.m. on 18th January, 1961.

SUBJECT TO CHANGE

Agonts:

MACKINNON, MACKENZIE & CO. OF HONG KONG LTD. Telephones, 85211/9

Pure of

quker. Oste

to corporatio Haytheon Company stepublic, a

Reynolda Meišle Reynolds TüŪRIO Royal punda Petrol

Bi Klegio Paper

Stars Not

shell, Transport

Rinellir Of R Bocony, Mobit of Houth Am Gold & Pai Auth California Kilwor Houtsen POSIT Blanderd Mirando

7

sugar at prices well below Cuba's official minimum oxport price, U.S. dealers reported today.

They sold Ceylon bought 10,000 tons of Cuban raws from an operator with the sugar to come through Hungary.

The dealers estimated the price on the Ceylon iriness as equal to about 3.75 cents a 22 pound, free alongside ship, Cuba, compared with Cuba's ofcfat minimum of 9.25 cents 6012, a pound

Russia and Communist China have bought millions of tons of Cuban süger which formerly 30% came to the United States at

premium prices.

שף

4316

Kenya purchased 5,000 tona 40% of British refined sugar.

081

2345

Japan, which reportedly has

241 purchased more than 100,000 tons of sugar recently, mostly

그

22.4

10% from Brazil, and an additional

40

10,000 tons from France yester-

Dairy Farm 33% 323%

Watson Allied Textile

201 4011

Iny.

100 500 7.00

600 r 7.05

4000

Kamyong

13.00

100

13 3G

Amal. Tub.

2.97

6.03 2000

6.95

1000

5.93

99000 6

7000 68 0

Rub. Trust Tálicos Dock

Realty

Star

735

740 3000 Gr

273 7316

300 734

400 730

500 7315

400

100 100 42000 se 1.90

Perry 195

HK GA.. 10.40 10.00

Lane, Craw

Amoy

Glimm

--

Canning

Kwone

Sand Hond

100 103

Gold stocks drifted in an idig market.

Coppers were duli, Diamonds edged higher.

Gill-edged securities ended firm. Dollar stocks were mixed. Rubbers and teas stayed quiet.

UPI.

Closing prices

Billah Government Securities

3, Conto.

3. Baving# 1965/dam£90-1/16. 3, Savings 1980/107. 3, Savings 1905/75-£70." Banks Insurance

Barclays Ord-678 3.

Lloyds Bank—72a.

NO VHO

PAND O CHIEF THINKS:

The tide will turn

for the shipping industry

Chartered Bank-$5.

Guardian Assurance-110s

Hongkong Bank-C75.

Lombard Banking Ord-288 1150.

of

Bunnah O-36# 9d.

A

Babcock Wilcox, Ord-2 4ląd, United Steelous d

Hoyal Dulce £124.

Stacis Engineering

Vickers Ord-29

Industriale

Assoc. Mec. Industrie#42 34. Assoc. Portland Cement-71s 1d. Roardman, Marden Ort- British Motor Ord-As-d.

10.

Coals (J. & P.) Ord- 30.

Courtaulds Ordə 24,

De La Rue Ord-67%

Thanlop Rubber Ords 3d, Elec. & Mus. Indusities det. English Electric Ord344 34. Ford Metric Org--31

Ord the. General

Gliman (Holdings) Ons-2, 101d. Great Universal Oro—Dm Dt. Howker Soley

ต

Imperial Chemical Ord-059 4150. Marja & Spencer" "A" DIS-DAS. Redifusion Ore-386 94. Rolls-Royce-42 101gel. Standard-Triumph-1 1150. Utlever Ord-10#. Woolworth Ord-6T» 60.

bilnos

Du Deers Del-156% 34. Petaling a lid.

Miscellaneous

Bowmaker Ord—19% 96, Canadian Pacifle Ord-440, Hongkong China das-15. Indo-Chin Def. Ord-Zip Jijd. F. & Q. Steem Nav. Der-108 Tid.

-Rader.

Agreed merchant

rates

Canadian dollars: Maximum Selling, 17 6/10: Minimum Buy- 2002 100 Ing. 17 9/10 T/T; 17 5/8 O/D.

300 195

4450 101

100 or 42

2.45 21 4000 215

Underwriters 11.00 12.10 Int'l Inv... 11 11.40 HX. & FE

Inv. 18.30 25.70 Humphreys Maeno Elec. 13.20 Lane, Crew 424

day, was said to be "atili bay" | Cald. Macy

ing row sugar."—AP,

Ent.

20

43

63 421

5 192

Exchange rates

in the local Business was done unofficial exchange market thir morning at the following rates; US dollar (per 81)

0.71 Sterling notes (per £1) Australian notes (per £1) .. Indonesian Rupiah Siam Ucals (per 100) Singapore (Straffe)

(per 100)

NATURAL-SYNTHETIC

RUBBER BATTLE

HOLDS PRICES DOWN

New York, Jan. 11.

F

(What place does shipping kold, in this modern age?

A background one, it scenis, following an alarming drop in freight rates which brought about the worsi shipping slump in years. But Sir Donald Anderson, the world's biggest shipping operator thinks the flde will turn. In this interview with Alexander Thomson he explains why).

By Alexander Thomson

London, Jan. 11. model of Britain's newest ocean liner, the 45,000-ton Canberra, rode serenely on a deep blue sea.

Sir Donald Anderson, P. and O. chief, and I sat at a Aide-table In his Leadenhall-streat office admiring her.

"She's lovely." I said. “Isn't to date. All without govemment she?" said Sir Donald. "I still help. can't make up my mind though about her funnels."

They are a desp cream-

I asked if the group had plans

But for going into any other branch

I noticed that in the model he of shipping. Ore carriers for keeps across the room from his example. desk one hed a black band around the top.

He leaned forward, forehead puckered. "We've got another month or two to decide how wo shall have them," he said. "She does not Ball on her first voyage to Australia until June 2"

The Canberra, now fitting out at Harland and Wolff yard Belfast, is the largest liner built in Britain since the Queen Elizabeth 20 years ago.

She is also the most uncan- ventional. Her twin funnels standing cide by side are at the rear end of the ship.

"We would like to have an interest there." Sir Donald told me. "But there seems Httle point in doing anything about it yet for a while.”

In two months, he announces his past year's results. What will they be like? "The wind is replied guardedly. milder," Sir Donald Anderson

In the stock market the "wind" has blown down P and O shares from 55 shillings to around 40' shillings, They must now be one of the best recovery prospects there. But how long you will have to walt scens al- most as uncertain as the final pattern of Canberra's funneli,- After saying 1 rather cared London Express Service. for the black top, I asked Sir Donald how far he believed the Ude had turned for shipping.

OVER-EMPHASIS

Recently freight rates have been improving. After the worst slump in yours there are hopes that shipping is at last on the mend

Cautiously he told me: "I think there is an over- An 1263 emphasis on recovery. I doubt

out of troubles ych

"The pendulum will certain- ly awing back in our favour one day. All I would care to say now is that we are nearer the swing than a year ago."

2.83

whether

A stepped-up battle between producers of natural and synthetic rubber is expected to hold down prices of both materials, the Wall Street Journal said today.

U.S. tyre makers were re-Japan, Mexico and other coun-` with higher-yielding ones, ported to be engaging in the tries. The current synthetic rub, Malaya each year is replacing

la the

United about 150,000 acres of trees, or 63% competition on both sides. Their ber capacity 1844 research laboratories and these States is about 1.7 million tons about tour per cont of the Tift of chemical firms are speeding a year.

total land under cultivation, up development of improved The newspaper sold sinkes areIn this way, Malaya expects 10 and cheaper synthétic rubber.high in the battle between nat-boost its anmust butput to 1.2

Their plantations abroad areural and synthetla rubber. It million tons by 1970, says H.C.

we are

At 54, Bir Donald Anderson Is the world's biggest shipping operator. This has been his distinction since he moved up

Hopper barges ordered

order fram the Mol-

Harbour bourne

Trust Commissioners, Australia,

for

two diesol Hopper barges, has been placed with a U.K. east count chipyard-Richard Dun-

ston, Ltd., Thorne, York- shiro.

The Vessels will have dimen- sions of 170 fi, between perpen-

to the chairmanship of the diculars x 36ft. moulded breadth £250 million P and Q group Last April.

One way and another 366 chipa are under his control Passengers, cargo liners, tramps and all tankers are all in his fleet.

He is a tall, slim man with ¤ keen eye for detal And

for someone an concerned with the sea he has an unusual hobby -horses.

Ho

x 171, moulded depth and a deadweight of 1,150 tons.

capacity of 1,060 tons

The Hopper well is to have a with six vertical

spoil hydraulle rams

independent controlling 12 Hopper doors arranged the o side, each rare handling ene pair at doors.

The propelling machinery will

a keen horseman, be a "Mirrlees" OKLSSDM de- Riding is his chief recreation veloping 1,098 b.h.p. at 276 r.p.m. at his weekend home, a farm and will give the vessel a ser-

vice speed of about 10 knots. in Gloucestershire. Four daugh- ters shom this enthusiasm.

A total generating capacity of Some city folk have criticised 150 k.. will be installed and P. and O. for launching so boldly will comprise two 70 k.w. 400 v. Into off tankers a few years ngu

AC. 50 cela generator at a cost of £40 million.

driven by a National/Mclaren They say the group went into 160 bhp. diezel and wil pro- too late and missed the boat. Sir Donald declared:

auxiliary

it

"Had

vide power for the

each

40P seeking less expensive ways to added:

Bugbee President of the Natural produce natural rubber.

American manufacturers have lost year wes valued at about Malaya's tree rubber

"World output of free rubber Rubber. Bureau, an Information

we come in four years earlier machinery which is all electrie, which agency

represents

industry ing.

cur innkers would now be end. Specious acconumodation will be 13 beca subtituting more and more $2,000 million, the battle is in the United States.

their long-term charters arranged aft and provide for the synthetic rubber for the natural { somno wold war

which would not have been crew working a three-shift wyBe significance.

funn Jn today's circumstances. 1cm-LP3.

da

142 product, but the latter is more Exports of natural rubber are

West.

RUBBER GROWERS

સ

"Belentials higher-yielding rubber

trees

A BETTER RETURN

"Instead we have 10 in zer- at good rates fixed for

Five U.S. planes

for Indonesia

soy, clastic and heat resistant than vital to the economie welfare of

Bre accking zzák | most synthetics, Therefore, such natians as Indonesia, Thad-

fum number of ways.. Re- more economical production land and Ceylon, hil of which could increase the use of na-

perchère at Malaye's Rubber are courted by both East and 67fi|tural rubber.

Retro Inailtale in. Kulala i vice ayo stelving for bigger yields minimum periods of five years Prices of both natural and

by irradiating, the farda

five or and

mere ships still 10- synthalle rubber have been

rubber trees. A more con- come"

"We are very falling and this trend la ex

Ha ended: "The rubber growers' cost- ventional method is to grati pected to continue, tho walicutting ctförts aro perings buds of selected trees onto glad we took this step when int, Street Journal' said.

farthest advanced · in Malaya, ather young, trees.,

жо did. Our tankers are at * Washington, Jan. 11, Synthetlo rubber now holds | where s̟ë milljon sores of rub-

present showing us a better re- Air Marshal Suryadarma of - 11 about 60 per cent of the US. her trees aro under cultivation

than anything else we "However they're produced, turn

Indonesia said today that 4111 market compared with 42 per This is topped by Indonesia's there's no question that higher | have."

hii country had bought cant in 1950.

Thus P. and O is not wor In the world, 4.4 million, peros, but already yielding troop lower the Cost

fire military of red by the current low tanker

transgart accounts Malaya is producing rubber at of producing each poind stil: natural rubber for more than hair 31.

planes from a United total o táto of 700,000 tons a year, natural rubber. The principal freights so long as they pick Dantes.

} about equal to the Indonesian reason da lower labour costí, up by the time lis vessels are States aircraft manufee.

output.

plantation workers have fewer due for recbarter.

turer. “Malaya, financen. rubbør re- [dréas to end ang tao. to turn "And that fly will undoub- search through a tax on rubber (out a set amount of rubber."

tedly do," sald Sir Donald While synthette rubber, pro- exports: the levy in 1967 was

Anderson hopefully. duction has been exploding | listed to three-fourths of a cont It enha ́, tho' Goodyear Tyra rapidly, natural rubber output a pound from one-bait cent. and user; Ch. Red replanted also has increased from: 1,850,000 || Research outlays last your about 30,000 aures of (le Bumatra 'toho' in 1950 to abonit 2,053,000 amounted to $4 million, and rubber plantations with higher.

fona lyst' yebe,

they're expected to reach the yielding trees since World War

{1,25 /unt, treg same total in 1901.

**The rublidey rowers"), dhbirt reptanted arwa

BAAL

RISE IN OUTPUT

New syndhvetle rubber plants are in operation or under non- Arietharam "Britšidia Canada, France, Germany, Italy, Indm,

the

nove

aim, both in Malays and stars includes 1,400 pounds. per where, in to cmhree vidor, trwen | mize,MUTT.

the

** The told reportera that platibu were part of an order Besides £40 milion spent 0-130-13 Hercules purchased on oil tanker P and O. has from Logitech: Alteraft Cham- lashed out Les million since pay and Horneed for export by

the US: the war - In modernising Vita

government. Ons plane had been delivered und

· passenger Avots

four more wären setsedűted-to be And on top of that - it has turned over to thú - indpawalan spent heavily on keeping la Ak Force next tranki tel mallei cargo-liners and trazida bang up ' ---Ffriste