THE CHINA MAIL, WEDNESDAY, JANUARY 25, 1961.
>>
stock HONGKONG
Wall Street gains London stock
5th
in a day row
New York, Jan. 24.
The stock market made its fifth consecutive advance today.
Trading again was heavy.
The market was mixed and active at the opening. It turned lower around noon, reversed the trend in midafternoon, and closed with a substantial gain, most of it made in the final half hour.
The ticker tope ran late as the market moved ahead toward the close,
payout
American
Telephone Dalwin-ilma-1.
ita shor
Balmme & Ohle
Bendix Aviation Cop. Wethlehem Steel
Boeing Airplane Cana. Brewers
& Telegraph also went to a redeiciul Finger high of site on an 17 eent ad vince, DE Hercules Powder Standard and Poor's 50 stack fell $0.50 followingt
09.45 | advance yesterday. cent to Index ro 113 dollar, its highest level in near- ly two and one-half years and only 20 cents below its historie dollars set on high of 0.71 August 3, 1959,
Based on the index the quoted value of all stocks lated on the New York Stock exchange gain-1% 34% on 59,500 shares.
Campbell Soup Co. Case 1. 1.) Co. Nine of the 15 most neliveryster Motors
advanced and five de- Colgate-Palmolive locks clined,
about 1,000 million dollars. It was another broad market In which a record 1,294 issues erased the tape. The previous 1,292 Issue which were traded last January 13, Of the tola today, 400 advanced, 556 declined and 240 closed changed.
cord wh
There were 70 пе 1360-6! highs against only five new lows.
OUTSTANDING
Most gas ranged fran few cents to around one dollar a share it there were some much wider moves in both directions, Tobaccos, drugs, villules and
Numerous
selected
issues
Apex was the most active stock, up at 22 ou 39,000 Second was Pfizer, up lures,
Thin was
Twentieth-Century Fox, off 1 at 43% on 54,950 shures.
Colombian Carbon Commercial Credit
Crown Zellerbach
Crate Co.
Dupont de Nemours Eastman Kodak Ford Motor General Electrie General Motors Glidden Co. Goodrich 13. F.) Co. Goodyear Tyre
Cuban Amer, Sugar
Next came Aveo, up is at 15%, and National Theatres, of atomeriake Mising Co.
4.
Automatic Canteen, up 3%. heavily traded following was
a report that it publication of exprely earnings to rise 50 per cent in 1901, Lorillard also was netive, rising 1%.
Chesapeake & Ohio, down 3
in early trading as it continued renethit 1er A pessimistle estimat of earnings from
Jagersoll-Ran
Int Harvester International Nickel Int'l Tei & Tel
Kan C. Power & Light Kennocolt Copper Litton 13.
Lockheed Aircraft Loews Incorp.
Lone Star Cement Co. McDonnell Aircraft Minnesota Mining Mision Development Montgomery Ward
New York Central Pittsburgh Plate Class Radio Corporation Republie Steel
Reynolds Metaf Reynakta Tobacco Rhee Mig.
market quiet
London, Jan. 24.
Stocks moved through a qufet day today and finished without setting a definite trend.
Smoll upward movement was steels, sicres, molors and air- halted nt inid-day when a crafts lost some ground.
were easter, Dollar stocks Courtauld statement said record man-made abre output and ex-reeks added fractions in foreign
not matched by bonds. ports were earnings.
blur Sever:1
chlus cased as a result.
Early firmness in olla wes nat
the leaders lost? while zustahied as Engineerings gained
small fractions at the final belt -UFI.
Rubber market review
Now York, Jan. 24. Rex rubbor futures today closed 10 to 20 points lower on salas of 25 con- tracts.
Futures were almost static today with May position traded at 27.90 cents, down 10 points 813 from yesterday,
Current month No. 1 Rre was 2 quoted at 28% cents.
In
the Singapore.
market steadied during the morning on 910 resorve of sellers.
Some enquiry for two and three, ris at current differen- thals were unmisßed.
The afternoon market was elow to open but demand was botter for March.
In London, the rubber market spot quoted was steady with
28
H
National Cath leg. "A" National Lend
91
1814
Interest con- Lower rade tinued with some demand for
and blanket crepe 73 twos 60ther wider differentials,
nl
7
4022
Ta
16
0572
33
at 23-15/18 pence.
In Amsterdam, the market 4315 was steady today-UPI,
23
404 43
street source, revived and cut the net loss to 1 after its president denied reports that the proposed inveger with Baltimore & Ohio wulfid endanger the dividend rate, & rose and B & O
(assenting Sears, Roebuck & Co. "stamped stock advanced. Rulle deelined along the merger) was up a point. Shell On Cu. wath most strels,
Rezponding to favourable re- Sinclair Oil
Scerny Mob O ferrous metals, aircraft-mirdies,
ports, Paramount Pictures gal-goushem Rathway (Com.)
Instruments · Sperry Rand chemicals and electrical equiped 22, Beckman
Standard Oil of Ind 1% and Corn Products 13%.
Standard O I NJ. Liggett & Myers rose a stering Drug Co.
Bridgeport Brass stokely-Ván Camp. Texaco D. 11, and Kerr-MeGre O1 1. Studebaker-Packard Cory.
Swift & Co. AP
rents.
cars,
non-
The Dow Jones 30 inlustrials |
failed to register the advance and closed off 1.03 al 038.79.
Volume totaled 4,280,000 shares compared with 4,450,000 shares trailed Monday..
Outstanding performers in- Business cluded International Machines, which gained $24.50 but it at a new high of $652, had been soine $0 higher during the day. IBM rose on news of
A proposed stock split of one
share for every two held, and
a proposed increase in the cash
་
Closing prices
Allen ine. Ary; Allied Chemicala Allis Chalmers American Airline Am. Gas & Electric
American Metal American melting Armed Steel Anaenda Copper Armour
Atire Cons. Mining
Texas Cr
Union Carbide,
Union Pacte Railway
United Aircraft
United Gas Corp.
U.S. Foll "D"
U.S. Gypsum
957
27
27 U.S. Steel
2U.S. Rubber
U.S. Sineling
Warner Bros.
Westinghouse Electric Western Union Tet. Woolworth K. W.)
Agreed merchant
rates
Swiss Francs: Maximum Sell- Ing: 75.
Exchange rates
Closing prices
British Government Securities
Conectinated-£43-7/10, at Conversion £50 5. Having
34 Saving 2/2.
Saving 1603/£704
War Loa
Overseas Bouda
64. German
Japanese BIRD
Tanks zurances
Barclays Ord-das
Chartered Bank-64 d.
Guardian Asurance-110 DA cor. Hongkong Bank-270.
Lloyds Bank-71s 3.
Lombard Banking Ordel81.
Olls
British Petroleum-4 d. Burmah 3 ch. zy02 Lurch—£ 13%.
Steels & Engineering, Babcock & Wilcox Ord—J1# Dil. United Steel 3 d. Vickers Ord-29-1164.
Electric
Ase. Elee. Industries 421 30. Eles, & Mus, Indus 3.
તા. English Electric General Electrie Ord-la.
Industrials
Assoc. Portland Cement-72 71. Dunlop Rubber Ord-21 10154. Tuner & Newall Ord-50 1.
Ord-156s 7.
Unilever. Marden Ord-54 3.
Borax (Holding)-19% 101d.
Holding Ord-35. Gard-Triumph-101 4lgd.
Wigging Teap Q-318 105. Hundcon's Bay. Westland Alcerati-161.
Chemickis Monsanto Chemien Ord-20 d. Imperial Chemical Ord-70s 10.
Paper
Ord-650 Gd. Bownier Ford 60s 20.
Do La Bue
Tobaccar Brikh-Amer. Tob. Ord-63_3d. Imperial Tobacco Ord-70 3. Biltah Motor Ord-15 d. Rolls-Royce Ord-123 7d 11awker Siddeley Ord- 94.
Textles
Costs (J. & P.) Ord-58: Courtaulds Ord #: 2150 cor. Lancashire Cotton Ord-673 4!,0.
Stores
Great Univergat Ord-sis,
Ond3 71.4.
YOU DEBEET "A" Ord=7
Marks &
ID (F.W.) Ord-478 d.
Dixellaneous
Ord-21 1d. Howareketeamship Ord-19 d.
Cynard
Hongkong & China Gus-15 Indo-Chinn Det Ord-241
P.&O. Stewroz Nav. Det.is .
Mines
De Brow Defias 34.
Petaling Tina" 1154).
Rio Tinto Bearer)-21-27/52.
30
3312
2011
2001/
Businen
312%
uno Betat
waż done in the local exchange
market
201
morning at the following rates
Tena
U.S. dolls (per $1)
124
Etening note (per #1)
15.54
Anglo
Devin Tes Ord--200.
Australian noter (per £1)
12.08
Indonesian Raphah (per 100,
2.90
Imperial Tea On-14s 6d.
0812
Slam icals (per 100)
21.30
UPL
Singapore (Strait)
1.00
--Reuter.
Kuala Lumpur Kepong-34 td. Lambak Rubber-4.
STOCK EXCHANGE
Our Own Correspondunt;
COMMODITY PRICES
RUBBER COTTON
NEW YORK
LIVERPOOL
Rex rubber futures
closing
pries, all in centa per lb.:
Just: 27.d: Mar: 28; May: 27.00, lb.:
at the Hong-July: 21.85: Sept: 2754; Nov: 21.00,
SINGAPORE
Bushiess done kong Stock Exchange this morn- Ing amounted to approximately $0,230,000. Noon quotations and the morning's transaction.
Buyers Matters Bharis
[BI0 TO: Danic..
Salzu
48 1039
104 105
20140 201035
Closing prices all in
No. 1 Feb.
No. 3 Feb.
No. 1 pale crepe
LONDON
Closing prices all in' pence per
Closing prices all in pance per
American Contract
Mar
23.00
Straits
May
#333
cents per ports;
lb. f.o.b.
July
$3.000
Mulayan
Oct,
24.00
Der
24.10
No. 1 Mar.
BOL-001
· Mixed' Contract to
10 07
No. 2 Feb.
10 1830
103 u 1000
No. Fot. ........
OU 1655
Spot rubber unhaled Blanket crepe
195-80 70-7092 74-70 79-DOS
Mar.
May
July
Oct
6410-0312
Dec
150 1650
21.03
20 1645
15+# 1010
20 ir 1611
1 1020
ib.:
No. 1 spint
24-241
34 1039
Settlement house term:
Jan./Mar.
24-2414
100 1635
Apr./June
24-2412
20 1040
Judy/Sept.
2452-24!%
Dar 1633
Nov./Dec.
2454-247
20 1640
Jan/Feb
241 24
30 1640
General markets, ei.f, basin, ports:
lb.:
w-I-on.
Reg.
1047 i 1250
Tel.
23-24
Whart Co.
273
284
Mar.
334-24
Lead Jan.
Feb.
100 M 282
Estate crepe thin Feb.
254
Zine
Jan.
150 212
Feb.
Talkoo Dock 7412
10
400 7813
Copper Jen,
г00 or 15
Fel.
HK Ga.... 17.00 17.30
200 17.80
4d G 1080
2000 17.10
per kilogram, c.lf. Fel:
LONDON
No. 1 rubber
Wheelock
11.10 1.20 5000 11.30
21000 100
11.30
Nu. rubber
11.20
No. 3 rubber
14000 11,20
No. 1 eteng
2500
11.10
1000 11.30
Dook
123
127
200 - 127
500 120
100 125
1000 125
B00126
400 124
Poviden!
TIK Land
200
11
NEW YORK Closing prices all in cents per
10,80
10,70
27.49
2.37
Closing prices, all in sterling
thlek Feb.
AMSTERDAM
Closing prices all in guilders
230 buyers
2.29 buyers
2.47 buyers Tin,
~UM.
2000 / 3214 20033 83) 3734 1100*32*
100 321
2009 43
102343
3-month
Speit
3-montli
L.rad.
2nd hair Jon. ******
3-teonth
Zine.
2nd half Jan
3-month
20.20 20.40 1000 a 28.20 11K Tele.
500 # 4215
225 bagets per long ton.
Buyera ellers
προτ
... 28315
Copper,
220 2003
429%
3700 423
2014 43
130423
2300 20.72
600 er 20.30
4300 12 26.40
2000 20.30
500
20.230
Ink Hotel..
42'
423% 2000 42%
(New)
4192
100 41%
220
100 43
300 F 4274
G. I. Cement cats cay
200 - 2
Dairy Farm 221 3234
1000
100 $3
43
3600 8211
300 13
Allied Inv..
0.20
Youmati
Textile..**
7.65
7.CD
7.00
500 M 132
Nanyang
2000 12 12,70
13A
A. Rubber.
6.70 4000
0,80
(New)
135
200120
200 123
HK Train
34
Ch. Light
30%
R. Trust..
7.40
7.55
HK Electric
Aata 344
Watson
Itealty
1.923
Star IR. & Inv.
Kelautan
230
3000 534 1000 8.30
5000+ 0.03 5000.00 11000 6 0.50
320 71
1000 7.35
1000 71
1000-7
1.03 1 203
Tisnon is 1,925 10000 + 1.023
1900 FT 19 1520019
31.923 301 229
10.40 16.00
-UPL
FORLIGN TXCHANGI
NEW YORK
Closing rates:
Cwanda
England oricini Olters unchanged.
LONDON
Closing rates: New York Montre Amsterdany
Bruarcis Carenagen Frankfurt Izabon
0910 Parts
300 47 10.00 Stockholni 20 10.70 Min 1000 10,70 Vienna,
10.40 Zurich 7000 £ 2..
1.00-13/10
2.87-9/13-2.80-11/10 2.781-3785 20,7075-10,001% A 139.67-130.72% 10.30-10.30%
13.70-11.0
1020-60.30
... 11709–13763 14.49-14,50" 176334-1744 7300-73.09 12.0915-12.0911
THE REBIRTH OF GERMAN CIVIL AVIATION
As
a
Predecessor
to LUFTHANSA
!
GERMAN AIRLINES, it is interesting
items
to note that the following news appeared in the columns of the China Mail dated June 29th 1937
CHINA MAIL
TUESDAY, JUNE 29, 1937
FAMED EURASIA PILOT AT CONTROLS OF PLANE FOR
INAUGURAL H.K. FLIGHT
Price: It Cle
With the arrival this evening at 6 p.m. at Kal Tak of the first Eurasia plane inaugurating the Hong Kong. Peiping line, the Colony will be further linked with the aviation services of China.
BIRTH OF LUFTHANSA
In 1923 there were numerous airlines in Germany. The stronger lines merged with Luftreederei to form German Aero-Lloyd.
In 1926, German Aero-Lloyd gave birth to the German Lufthansa, a private corporation with Government sanction.
After the last war the German airline was re-established and In 1954 the cor- poration's capital was increased to 10 million marks and the name Lufthansa re- sumed,
Airmail In 1917
The history of Lufthansa is almoal Uterally. the history of German civil aviation. Among the first to becoine zir-minted, the actinana established armall Deutsche nolites
in 1917. Luftrcodervi. Luftham's pres 1910, in decessor, was founded and in 1919 Germany participar ted in the founding of the Inter- atlon Air Transport AsroÇî-
air
Lufthansa's Growth
A Feature Of
Post-War Recovery
The German airline was recreated in 1952 with a small capital which permitted orders for three DC-38, four Convair 2308 and four Lockheed Super Constellations. Meanwhile Lufthansa established its own pilot training school in Bremen and is the only commercial airline to maintain such a school.
Lufthansa had increased its trans-continental fleet to 34 air- craft by 1959, and Boeing jets were introduced last year.
Air routes now extend from Europe to North and South America, Africa, the Near, Middle and Far East.
Fleet of Boeing Jets introduced
A leet of Boeing 707-430 Inter-continental jels were put into service by Lufthansa in 1960,
Powered by Rolls-Royce engines, these aircraft are capable of u 600-miles-an-hour cruising speed.
Orders have also been placed for Boeing 120-B30 medium- range Jets.
The "Senator" luxury service was inaugurated late in 1930 for first and do luxe class passengera.
One Millionth Passenger in 1960
On November 22, Lufthansa welcomed Its one millionth pas- Benger in 1980 on board one of its jet aircraft.
In 1950, 693,400 passengers were carried, as compared with 550,114 in 1958, and 74:070 In 1930.
Lufuumsa's non-duplicated route miles have grown from op- proximately 5,000 miles in 1935, to close on 70,000 miles in the present day. In 1959 the German airline registered approximately 050,000,000 passenger miles as compared to approximately 775,000,000 passenger miles in 1958,
Far East HQ in HK
International passenger ser- dock of the steamship Bremen. vices were ́expanded const-In 1934 the German airline
The Lufthansa dlirict sales managements and statione in derably in the twenties, with inaugurated the first scheduled Hongkong, Tokyo, Karachi, Calcutta and Bangkok come under the rvates to Paris, Copenhagen trans-Alanue
service, new geileral management for the Far East. This management has Amsterdam, Sweden, eliminating the Roating ale base. And
been taken over by Mr Hans Dank, who was general manager for the Bwitzerland By end Czechoslovakia,
of that year the Naar and Middle East in Beirut before his present appoint and Rumia, and survey fights Lufthansa had carried more than ment to China and South America, a mort passengers and had completed nearly 200 million passenger fight lies. Floating Air Baso
Lefthansa originated the
Lion (pro-wer TATA) for interte-Atlanlle airmail in 1929 by national cooperation in the air. catapulting sea planes from the {
The airline's routes included regularly-scheduled flights to:
It was decided to locate the general management in Hongkong because the British Colony was the most important air trafie June ilon in the Far East.
The arst part of Laifthansa's homdward Inaugural flight from Bouth Americs and Oblan, and Tokyo is due to arrive today at Kai Twk at 2.40 pm. The jet Lufthansa pienes were the first liner, a Rolls-Royce-powered 107 will depart en roule for Frank- La fly over the Wiimaingan, “ }turi k) 2.20 gal.
Speed And Comfort-1961
Here is a flash-back to 1929. A Dornier airmail'seaplane is about to be catapult-
ed from the deck of a trans-Atlantic steamer.
Speed And Comfort-1929
Today, Lufthansa passengers can count on top-line service. This picture shows the first class bar lounge on a typical Eufthansa flight,
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