1961-02-09 — Page 2

GET THE CHINA MAIL,

THURSDAY, FEBRUARY 9, 1961.

NEAR RECORD U.S. HONGKONG New firm will guard LONDON

EXPORTS LAST YEAR

Washington, Feb. 8,

The Commerce Department announced today that United States exports of domestic and foreign merchandise in 1960 were valued at $20,409,-

STOCK EXCHANGE

Our Own Correspondent,

700,000, on amount preylously exceeded only on Stock Exchange this in the record year 1957.

Exports that year were valued

at $20,800,000,000,

Exports in 1960 were 10 per cent higher than in 1980 when they were $17.021.400,000.

Exclusive of mitfury ship- ments, the United States export total for 1900 was $ID,550,000.- 000, an increase of about 19 per cent over $18,304,500,000 in 1930.

United States exporta Ir. December 1000 were $1,790,300.- 000,

the about

as. in Бате November.

SIGNIFICANT CHANGE Milltary shipments in Decem- ber were valued $53,300,000. down about $20,000,000 from November, The 1800 aynun) total of milliary shipments was $010,200,000.

November to Decem- From ber, 1980 United States exports Increased In seven of the 11!

of commodities, Inajur groups The signilleant changes were an incrusse In exports of textile fibres and manufactures and a decrease la exports of inedible

Abri's products except

and wood.

The expart Loday were

statistics issued by not analysed regions pr countries.-UPI.

TEXTILE

MARKET

New York, Feb. 8.

textile market

The cotton

was steady today mills reported

Chicago

grain

market

Chicago, Feb. 8. Soybean futurer ranged both ways today from previous closes on the Board of Trade, but the market in. clined toward strongth most of the time.

After absorbing a small ac- cumulation of selling orders in initial dealings at slightly lower prices, buying turned up slowly increasing volume and the market in the afternoon whe up more than 4 cents from s lows of the day.

Business done at the Hong-

morning amounted ximately $4,000,000. Noon quotations and the morning's transactions:

Share

Bayer

British

interests

in

#

space race

London, Feb. 8.

+

tom A £20,000 private company has been form- ed to guard Britain's commercial in- terests in the "space race.”

Bear

Bales

201706

201705

NK Bank.. 1005 3810

Lombard Inc. WHATT Co.

45

Taikoo Dock 7515 7

JIK G

Wheelock

HIK Buck..

201000 260 1000 8 10:0 70005

2000 + 70!! 1-420

100 10.30 4000 10.30 11.00 1190 2000 # 11 ♫O 17000 1100 130 131 300 ir 109 1200 ir 1:0 1000 ** 131 300 133 100 or 143

400 6 31

300 303

400 102

1000

133

1000 or 133

200 40

1500 ch 1000 45

400 LẸ 03

200 03 100 133

1200 48

300 i

C. Proven 27.10 37.20

Ili fotel .. 442% 4013

1250

1500

SOU

100

in

HK Lamd

Ex. Ris.

13

Younali

Yaunay

[New]

135 130

120

130

40120

100 or 12

HK Tram

Ch. Light

20.00

341 34

20

300 344

મ

100

Telephone

44% 44%

Soybeans gained mementum in the final minute of trading and closed 1 to 015 cents a bushel higher. March 2.173-4; wheat Electris..

lower to a higher, March 2.30%-11; corn to 1% lower, March 1.16%-%; pats to 3 Jower, March 65%; rye 1o 1 cent higher, March 121—AP. |

some additional purchases by COFFEE FOR JAPAN

converters of print

cloths for

second half delivery this year. Spot business was small,

Order for wool goods were limited.

In synthetic goods, spot sell ing and also for deliveries into

Tukyo, Feb. 0. Japanese importers will be permitted to purchase $700,000 of coffee, including in- worth

coffee, during the 1901 strut

the second quarter were report-scal year starting April 1.

ed for rayon Alament fabrics.- AP.

Earnings

South Bend, Ind., Feb. a. The Studebaker-Packard Cor- poration announced its earnings for 1000 totalled $700,850

of

nine' cents share, compared with 528,544,338 or $4.30 a share a your previously. However if effect is given to full conver- sion of the company's $4 con- vertible preferred stock to an additional 5,5 rallion ordinary shues on January 1, 1001 the

4419 200 1000 47 4415

4414 500

Industrialist Sir Robert and which believes the use of Renwick thumpalgner for a Space willin the ext British Commonwealth space decades "breuine a major key prograintne-announced the for. to the continued properly of ination of the British Space the United Kingdom and Con- Development Company at

maventth, both politically and press conference,

Industrially

Is alm is to bring tog.ther a repra cntative eross-section of that part of the British Industry which la interested in the de- velopment ant exploitation of space for commercial purposts,

Three-for-one stock split

STOCKS GAIN

London, Feb. 8. Stocks shook off yesterday's! hesitancy and want up-. wards spurred by more tako-over rows, Gift- odgod jocurities improved. Brewery shares blazed up, on a major merger plan, steel and

engineering equities went ahead but motors stayed unsettled. Many small gaing went to the leaders, including Courtaulds, Dunlops. Imperial Chemical Industelts, Unilever and Wool- worths,

A furry of buying sent gilt- edged sharply higher with gains "running up to 9/18ths terting. The company hopes to pro- War loans 8 per cent, muller- vide an organisation to discussing from recent American sell- with the Government and co-

int, pained £12 to 2:57 operate in any proposals the

Dolla

singles moved lower administration may make with

but Chryster bucked trend and regard to a UK and Common-

gained point. Forelgi bonds wealth space programme.

"We believe the money in space in more than any man ever dreamed ofile colossal," Sir Robert said.

9/16th.

featured firmness in Greeks.

Gold mining issues went ahead, at first but the movement lost most thrust and they gave up I of their carly galns. Weat African mines improved on

Coppers were

Sir Robert Britain's war-terms of the Ghann government's time Controller of Air Commu- takeover bid. nications described the con- firm. pany ng "a springboard into space,"

It would, he said, be directed successful and at ensuring a economic entry into space through a unified effort on the part of British Industry,

Chicago, Feb. 8. American Photocopy Equip- ment Co. is planning a three-for-one stock split and boost in the dividend rates, Samuel G.

The firm has the support of eight major concerns

repte- Rantbord, chairman, an-senting Britain's "space poten: nounced.

talvith the likelihood that other companies wift joln.

A

The proposed split is subjcet to approval of shareholders at the annual meeting on April 11. I approved, the split would become effective on April 14, Mr Rautbord sold.

{Now)

CI Cement.

Dairy Furt 3312 30 1000

711

72

an

0100

Watson... 47 47%

Amal. tub.

Allied Inv.. Textile Nanyung

1000

100 G 0.20 D.10

3000 7.05 7.43 13.00

7.13 7.20 70500 un 2.10

7000 7.15

Ful

A

****

The import quota was on- Rub. Bouneed by the Ministry of Hunghreya International Trade und In-Realty

dustry today.

The amount

three Is about

ilmes more than the current

Star Ferry. scal year totaling $224,000.-L., Craw... AP,

Net loss

New York Feb. 8. The General Time Corpora-

net tion reported a

Loss of

д

earnings per share are equal to $721.238 in 1960 despite record sales of $80,509,350. The loss of compared with profit $1.819,729 in 1959. when sales totailed $59,101.987.

five cents against $2.37 a share for 1950.

Sales in 1900 fell by 16.0 per $323,226,633 frum $387,372,375 a year earlier, -- China Mall Special

cent

Unit trust

First Hongkong Fund. Buyer Price: $1.18. Seller Price: $1.20,

Mr D. J. Hawthorne, Presi- dent of General Time, altributed the loss principally to the cost of developing and expanding the corporation's business and to the decine In general business activity during the last nine months of 1859.--- China Mall Special.

AMENDMENT OF FERRY SERVICES DURING

CHINESE NEW YEAR PERIOD

THE INSIDE HARBOUR SERVICES WILL BE EXTENDED

AS FOLLOWS:—

Jordan Road Serviço

(Vehicular & Passenger Ferry) Wanchai/Jordan Road Service

Mongkole Service

Shamshulpo Service

Kowloon City Service

WUmer Street/Shamshulpo Service

OUTLYING DISTRICTS BERVICES

Cheung Chau Servloo

13th Feb. 1941 14th Feb. 1941

up to 3 s.m.

All night

of the 14th service

up to 3 am.

of the 14th

up to 3 azn.

of the 14th

üb to 3

a.m.

of the 14th

All night

servico

up to 3 a.m

of the 15th

Up to 3 M.

of the 15th up to 3 a.m. of the 15th

up

to 2

of the 14th

up to 2 4.m. of the 14th

of the 15th

up to 3 a.mI

The 4 am. ferry from Cheung Chau to Wilmer Street via Aberdeen will be suspended from 14th February, 1961 to 17th February, 1881, both days inclusive,

The 8 pm ferry from Wilmer Street to Cheung Chau via Aberdeen will be suspended from 18th February, 1961 to 10th February, 1981, both days inclusive,

Tal O Service

The 3 am ferry from Tai O to Wlimee Street via Aberdeen will be rumpended from 14th February, 1001 to 17th February, 1001, both days Inclusive."

The 4 pm. ferry from Wilner Sirpat to Tai O via Aberdeen will be suspended from 18th February, 1981 to 10th February, 1091, both days toclusive,

The Excursion Ferry to Tal O will be operated on 13th February, 1801

Leaving Jongkong at 8 afp. for Tal O calling en routo at Tung Chung tauning or Tal O at 5 pm, chiling en router at trong khung,

9.0% 1000 11.05 28 28.30 2500 6 20 30 2.10 2.15 30000 m

5000 42.165

2000 2.15

40000 @@ 2.775 2000 2.15

220

0

250 a 222

401 402%

200 40

500 24

500 60 24,40

600 @ 24

5000 6 214

Vibro

Поре

Kelantan

2000 2.30

Gilman

37.45

345 20000 @ 3.425

Underwriters 12.30 Int'l Inv. 13.79 14 irk & FE

Inv... 17.00 17.40 Uniors W'boat 301 Entertainment

9. Hong 207 Amoy Can.. 45

12000 3.4

12000 6 3.475

4000 3.475

1000 317

4000 3.475

INTERNATIONAL

not

In the event of Britain going ahead with her own pro- intended the gramme, It is company will preserve for Bri- "proper share The split is contingent upon tish. Industry

increase

national and authorised of in

inter- common shores from 3,000,000 national benents deriving from to 10,000,000. Currently 2,478, the development

shares ort outstanding.space." American Photocopy directors

535

the

The scheme

arti Ise of

would possibly

have also authorised on Increase reach international proportions,

in the quarterly dividend ra'e to 20 cents on present shares ferm 1834 cents, Mr Haulbord

said.

The first payment at the new rate will be paid on July 1 to stock ch record June ใน Assuming approval of the pro- posed stock split, the payment will amount to 1/3 cents on each split share-China Mail Special.

Sir Robert said.

"We believe that the gentle- men adventures of space have vesi a much bigger chance of wealth in the Real Eldorado of the future than ever did the adventures of the Hudson Bay Company

India of the East Company," he added.

He said the companies parli- cipating

Associated Electrical Industries, Associated Television, British Insulated Callender's Cables, Decca Radar, the Do Havilland Aircraft Compainy,

the Rank

were:

Hongkong shipping, Organisation and Rolls Royce.

engineering guide

The third volume of the 30000 e 3.45 Hongkong Shipping. Engineer

ing and Aviation Guide for 1960-61, which has just been published, contains informative articles and reports dealing with subjects from plle driving to FM broadcasting in Hongkong.

Exchange rates

Business was done In the fogni (worieial exchange maricet

morning at the following rates;—

U.S. dollar (per 31) Siering noter (per EU), Australian noter (per £11 Indonésum Tuplah (per 100) Slan ticala per 1001 Singapore traits)

Ahle

10.03

6.72

1208 *27%

20.20

100

The neatly-printed book con- tains 120 pages, including a 10- page classified section.

Car order

The announcement sald the passibility of the company be- coming an international concern was strong, because no enterprise in the world had yet been en- visaged where such a wide cross- section of industry had come together to pool resources.

COMMUNICATIONS

Sir

Olls went up, all the leaders showing plus marks by the Anal belt. Royal Dutch Shell ended at £14.

Rubbers found favour tens improved.--UPI.

Closing prices

and

Krittch Government Becurilea Ala. Consolidated- £42-13/18, 30, Conversion-£57-7/10. 3. Savings 1955/85-CD6-27/37, Bavings 1960/70-773- 3. Saviga 1003/75-70-3/18;

Overseas Bonds German Dawos)—£. Jadenero, Antented-15011.

Blanks & Insurances

Barelays Ord-

Charlured Dank-44 3. Guardian Amurance---120 0. Hongkong Flank-£01. Lloyds Bank-74* {!

Olla

British Petrolewis-531,

umah O-433. Mayal Dutch-14.

Strels & Engineering Babcock & Wilcox Ord-30% 6d. United Steel (12 30. Vickers Ord-25 30.

Elveltie

Asoc. Elec. Industries--476 D. Elec. Mua. Industries-15s, Enalisis Electric Ord-341 34. General Electric On-324 3d.

Industriais Aroc. Portland Cement-763 435, Dunlop Rubber On--24s 150. Tumer & Newall Ord--818 16. Unilever Ord-150 3:4, Boardman, Marden Urd-Sa 05. Borax (Bokings)—As 10t69. Carreras "B" ORI-is, The Spinners Ord-315, Gilman Foldings) Or→3$ 10% Javor Care - 34. Redifusion Ord-438_ad,

Standard-Triumph-106. Wiggins Chemical

́Ord-55v 415.

Forestal Lanc-12 34. fundacu'a Bay-0-0/10 Westland Air±raft-15x Gd.

Manto Chemicala Ord-25

Imperial Cheinical Ord-71a 3d.

Paper

L

KNSPORTATION

Order placed for

British cable-laying ship

An order for a new diesel-electric cable- tons laying ship of about 8,000 gross has been placed by Cable and Wireless Ltd, with Cammell

Laird

and Co. (Shipbuilders and Engineers) Ltd., Birkenhead, It will cost approximately £1,900,000,

Cable and Wireless say it will

be the first British cable-laying!

ship originally designed to lay Admiralty contract for

and

handle modern types of deep-sea communications cables with repeaters, including the

kind to be used in the 20,000- mile Commonwealth round-the- world telephone cable,

for:

The order provides construction of the electrie pro- pulsion machinery and dicsel engines by the English Electric Co. Ltd., and of the forward

Johnson cable gear by

and Phillips, Ltd.

The new chip, which will be] the Arst cable-layer to have been owned by Cable and Wire- less Ltd., will join the fleet of seven cable repair ships in the summer of 1002. It will have a maximum speed of 10 knots, with a steaming range of 8,000) miles and a sea endurance of 60 days.

The overall length will be about 460 feet and the breadth 58 feet 6 inches. The carrying capacity will be 1,200 miles of telephone

coaxial

lightweight cable with repeaters, or 1,500; miles of conventional telegraph cables.

A distinctive feature of the ship will be two funnels abreast, which are needed to allow the 44. extensive cable working spaces to run through the super-struc- ture without obstruction so that cable work can be carried out at, either bow or stern. The ship will be fully air-conditioned for work in tropical waters as well as' in colder climates.

Bowater Paper Ord-859 39. La fue Ord-60s 94.

Tobaccos Brilish-Amer, Tob. Ord-651 Imperial Tobacco Ord

Motore Bellish Motor Ord--178 411⁄2d, Rolls-Royce Ord-43s Dd. Hawker Siddeley Ord-Mi klid.

Textiles

Callen Printers' Ord-15E INA. Couls (3. & P.) Orden504 34, Courtaulde Ord-43; 19d Lancashire Catter Orde

Stora Great Universal Ord-624. Lyone (J) "A" Ord-15. Marks & Spencer "A" D:d-90s

7td

Woolworth (P.W.) Ord-50: 44.

Miscellaneous

Bowmaker Ord—2ts 64. Hongkong & Ching Gao-K Indo-China Def. Ord-235 30. P.&O. Steam Nov. D<f.—4]#

"If we are not in space, Lon- don will cease to be the centre of the world so fur 49 com- ¡munications are concerned,"

Robert went on.

AL present communications had very nearly reached their limit. Steps had to be taken to ensure Britain did not become the victim of a "space mono- poly" when present types of communication" London, Feb. 8.

became

abso-41d. The Nuffield organisation an-lete, he said. nounced today that its distribu- Sir Robert described televi- tors in Bangkok has obtained sion as "one of the simplest an order for 60 Morris Oxford things for which space satellites saloon cars from the American į could be employed." mission in Thailand.-UPI.

He also predleted that one day ratellites would be used to transmit newspaper matter to different parts of the world through space--China Mail Special.

COMMODITY PRICES

RUBBER

LONDON

Closing prices" all in pence per lb.:

No. 1 Ray spot 2. .... 2111 Settlement house term:

Mot......

Apr/June

July/Sept.

Nov./Dde.

Jart/reb.

2216-46

METALS

LONDON

Closing prices, all in sterling

per long lon.:

Bayers Bellota

Tin

2394-24

20716

239-24

3-month Copper. spot 2-month LADE

226

22033

pot

$0%

23-2314

Zinc.

pol

A1

12

3-month

-UTI

General markets, cif. baila, porta:

சு.

Estate crepa

thin Feb.

thick Feb.

AMSTERDAM

Closing prices all_in_guilders per klogram, c.lf. Feb.:

All unchanged-UPI.

COTTON

LIVERPOOL

Closing prices all in pence per

100

14:

FOREIGN EXCHANGE

NEW YORK Closing talca:

Cantada

Englane afficial New Zealand Douth Africa Belgium

Other unchanged.

LONDON Closing rates

New York Montreal Amsterdam Brugia

1.50-13/10

20025

2.7825

2.8063

D20040

1b.:

American Contract

Mar.

Tolo Harbour Service

May

On 15th, 10th and 1/

July

19.00

17th February, 1801-

24.30

The morning feip, wil igavo Talpokay at 7.45 6.m. Instead

Dec.

NAD

of at day am and will kegyg Ten Mun at 9.30 a.m. Insidad

Mar

24.50

of at 8′dm,”

J

Mixed Contract

MAT.

THE HONGKONG & Yaumati ferry Co., LTD. 8th February, 1001,

Máy

2:100

July

Oct.

24,20

Purit Blockhol Milan Vienna Zurich

79.LUAT3011.

-FRSQ 180016

*ZUPA

Copenhagen Frankhuri Lisbon DO

200-3/10+2,00-3/10 2.176627794 10.00-10.00 1700375-10.97% 1938-192015 31.0014-33.0016

020-6030 20.0133-31.03 1277-11934. 143716-14.4196 374132-1741-

Stull Theatres-.

Miles Petaling Till-da 101/4. Rio Tinto Bearer)—£2) Boon Antelope Welkom Gold Min

124.

Weitem Holdings-1439

Kobbers & 'Tezg Anglo Indonesen Plant-ka 30. Ceylon Tea Ord—–20%. Imperial Ten Ord-154, Kuala Lumpur-Kepong-da £94. Lombok Rubber-10s.

---Яcuter.

CHAS GRANE

A now £1 miliiton rall. Arover, now nearing comple- tion at Fletchley. Buckinghamshire, England, will ""Have i the double effect of providing facilities for additional pay- kanger services, and at the same the speeding up freight train "operation. The 1,335 fgas long flyover, cdnstructed of seven pans of pre-tread.pro-cast concrete, will carry freight trattle over the heavily-paed main fine to and from: London. 'Specially dušiston piers, whleti'oùm bo'sbet tiers; cárky "the spans over the main line, kijaminor teufid to Tow on' the "Norili la Sosith'Epatit*ine, «and' spa* Mans'''ta Ter freight fines at the Miss Simis."

plastic piping

Extruded

thermo- plastic piping and moulded "fit- a British tings made by firm is to be used for the pro-wetting installations in four Guided Weapon Destroyers

boing now

for the

built in Britain Admiralty.

The contract was awarded other exceptionally exhaustiva tests on the material and other competing plastic piping.

The purpose of this type of Installation is to spray water over the entire vessel as a pro- *cutive measure against con- trmination from radio-activa fallout.

The firm's material has be- come well established in the shipping industry both in Bri- tain and abroad

Three tankers completed by A. B: Gotaverken, ០ដង of Sweden's leading shipyards, during the last 18 manth absorbed a total of about 10,000

ft.

one of the arm's materials, and 10,000 moulded

fittings, supplied from the firm's range of some 450 mouldings.

In Britain, Lloyds' tests have certified that the material is suitable for the following ship- board

domestic cpplications: cold salt water and cold fresh water systems, waste pipes The new 4,000 gross ton cuble) (above freeboard deck), ballast repair ship. C.S. Retriever, also tanks, air pipes, tank suction designed to handle the most and filling pipes (salt or fresh). modern types of telephone cablej Aquária authorities in a num- and conventional telegraph cable, ber of countries have recognised which in being bullt for the the non-varrosive, non-tälating Company by Cammell Laird's at properties of the material and Birkenhead, is due for comple- some Important installations have tion and commissioning in April. been made. The Scottish Marine Biological Association has just installed the piping for sca water supply to the aquarium at ils marine research station of Millport, Isle of Cumbrae.-LPS.

'World's smallest

turbo-prop engine'

Birmingham, Feb. 8.

Tho Rover Car Company

hore today said it hoped

Equipment for new cableships

to "revolutionise light air- The U.K. firm, British In- craft flight" with a tiny

sulated Callender's Cables turbo-prap engine built

Lted.. have announced originally for a car,

that the Telegraph Con struction tenance

The company has carried out successful fight tests with the engine, claimed as the world's smallest turbo-prop engine.

Developed under the bonnet of the Rover company's experi- mental jet-turbing car, the T-3. the engine is quite cheap to pro- duce because it requires ittle research, the monering director, Mr Maurice Wliks, Bald.Reuter.,

new

Liner's sailing cancelled

New York, Feb. 8. The United States Linoz has cancelled a wailing of the

and Main- Ltd. Company (TELCON), a member of the BICC Group, have ràceived a contract from Wartsila-Koncernen A/B, Sandrikons Skoppidocka, Helsinki, Finland," "for" oll the cable handling equip ment for two New cable- ships they are building for the USSR.

The order, which is the largest ever made for this type of équip- ment, was secured in the face of keen competition at home and abroad, The Vessels aro ot 7,000 tons displacement and capable of laying and repairing submarine cable systems includ- ing all types of submerged repenters,

The equipment of each vessel, Incorporating the latest improve

passanger vessol, America, ments in submarine cable taying practice, will includó two for- as an economy measure. ward picking-up and paying-out The liner was to have gears, draw-off and holding- ciled on Saturday for back gedis, dynamometers, low Εκτορα.

gear and after trying goar, 'and

all ancillary equipment. - The The lino notified the 450 Brat vessel is required by 1082 booked and the other to follow in the passenger who "host passages that they could either year 1903. transfer to the company's der TELCON are also supplying United States, leaving hero of the electro-hydraulically driven Friday, or that they could book | portable picking-up and paying- on Inter 'rollings

out gear, weighlog opproximately 200 tons srid the largest callip- A spokesman for the linement of its kind, for laying the nali ft would be foolish to send Magna Dexible submarine gas - | both chips out during the clack pipeline, from the mainland of off-season, particularly in viow British Columbia to Vancouver of the fact there was amplo Island. The contract was so- space on the United States—cently announced

11

#roup.-LPBAL