R
THE CHINA MAIL, THURSDAY, MARCH 9, 1961.
Speculation causes heavy HONGKONG
NEW YORK trading in
COTTON Wall
MARKET
Now York, Mar. 8.
Cotton prices softened after
steady start today, although overall activity was on the slow sido.
Wall Street
New York, Mar. 8.
Speculative fever ran wild over an evenly
mixed stock market today as volume soared to 5,910,000 shares 51⁄2 year record.
a new
Final prices ruled 11 lower to The big industrial issues and rail shares remained
10 points higher,
The market
opened off 7 to up 5 points.
New Orleans closed off
3 points.
to up
Evening-up operations in the
delivery
expiring March dominated the situation in ok crop months. New
crop the liveries countered realising by outside commission houses, t- tracted by the recent rise to new seusonal high levels.
today
Open Murch contracts totalled 9,100 bates. The cer tifiented stock rose to a new high at 34,612 plus 3,135 bules awaiting inspection.
more
overseas
reserved
11
However, buyers have become following
sharp advance:: exporter neking levels for olu crup cotton.UPI.
Sugar market
New York, Mar. 8. World No. 8 sugar futures today closed unchanged to 3 points higher with sales of five contracts.
Domestic No. 7 sugar closed anchanged to 2 points higher
with sales of 15 contracts,
i
713
in the doldrums, traders apparently diverting their interest to low-priced stocks and special situations that scored impressive gains, es- pecially during the last hour when buying be- came feverish and the ticker ran several minutes beyond closing time.
industrial British Amer. Of Dow Jones average dipped a minor 0.99 to British Columbia Pur,
Calif, Parking Corp. 566.15 but was prevented from Caus. Dk of Cami, a bigger loss by a strong Alcon, Compbell Soup Co. up 2%, that respuned to a re- Canadian Pacile R.
Case 13. 1.) Co. the port that profita Inter in year would plek up.
Rail stucks were down 1.38 to 14224 with only Louisville and Neshville ably to score a small gain among the 20. Utilities rose 0.20 to 108.20.
Volume climbed * 370,000 shares above Tuesday's lovel with must of the increase C curring during the final hour when some of the biggest gains wire scored.
The market breakdown re vented &practically even 548 gainers and 545 losers out of a total of 1,294 slocks traded. New highs outron new laws 80 to 2.
Brokers said that with traders apparently resigned to the fart that the industrial list was in store for some further profit- taking plenty
werd of funds available for searching out the low-priced shares and fast
Trading rules extremely quiet and featureless as dealers speculative movers. awaited raw market develop- ments, particularly with rela- tion to a Ceylon tender today for 10,000 tons of raws.
Closing Dow-Joncs averages were:
30 Industrial
20 Rails
Utilities
G5 Stocks
Cuba was said to have offered the sugar at a price equal to 15 about 2,00 cents a pound, basts sugar loaded in vessel, or five New York points under the world spot price,—UPI.
WHEN
SELL
40 Bonds
Cat. Tractor
Celanese Corps.
CI. T. Financial Corp. Chrysler Mators
Cleet Peabody Colgate-Palmolive Co.
Colombian Carbon Co. Connserclat Credit Corning Glass Works Consolidated Edison cogidated Paguer Chainental Can Continental Oil of Del. Creole Po
London closes mixed
London, Mar. 8.
Plus and minus marks WOTD pretty evenly spread through the industrial list today with both profit- takers and selective buyers at work. Wall Street's reversal yester- day made buyers cautious and stocks opened caster but showed a tendency to pick up later.
counters like International Imperial Chemical and Unilever made headway while Philips Lamps Jumped 7/0 to 248/0.
2 British
Associated
American
Tobacco,
Electrical, Turner
and Newall, Imperial Tobacco and Dunlop registered Bull Courtaulds were un- gains.
changed.
STOCK
EXCHANGE
Our Owe: Correspondent
the Hong-
COMMODITY
PRICES
COTTON
Mar. Kay
20.00 20.01
Vlezina Zurich
72.72-72.17 * 12.00-12.071
LONDON
-Uri.
Closing prices, all in sterling
per long to.
Buyers Sellers
Tin.
NEW ORLEANS
Closing prices all in pence per
b
Spot
34.00
spot 3-month Coppor. 1001
Cost 00714 813
SUGAR
011
Mar.
17.70
3-month
Lead.
May
39.16
July
31.50
Apot 3-monti
450
34.24
Zinc,
Dec.
Bhares
Bayer Rellers
Baita
Mar. May
$15,00
прот 3-month
00
33.24
Ma
LIVERPOOL
IDC Bank
ND
2.02
1010 1015
Closky pricta nll In perce
88888
Bruiness done at kong Stockc Exchange this morning amounted to approxi- mately $11,800,000. Noon quota- tions and the morning's transac Rons:
UK. E. Ana
342 1038 100 1050 301055 15 1080 50 1043
por it
Mar.
American Contract
May
50 1945
July
Ocl
Lombard Ins, Wharf Co. Taikoo
51
200 69 03
Decfl
300 3:30
Mar.
04
#3
400 6 D
Mixed Contract
400 6 82
Mar.
May
40 / 8215
400 * 131
Dec.
Wheelock
31
20
40
12
22
314
70
435
GO
36
Steels reclaimed early falls, engineering equities were mixed
HK Deck
B1
M
and motors dull, atores breweries improving,
and
1041980
721
+37
30
911
BO'
Delaware & Hudson Co. Diamond Alkat! int Ollers-Segrung Dominion Stores
107
001
GO
77!*
Dupont de Nemours
211
Katan Kesak
110
Family Finance Corp.
41
Ferro Corp.
40
First Nat, City Book
coi
Ford Motor Co. of Cana
ung.
Georgia Pelle
COL
General Dynninies
General Electric
Crown Zellerbach
Cuban Amer. Stigar
Douglas Alerat Dow Chemical
General Foods
General Motors Gen. Pub. Ital. Gen. Tel. & Elee.
Gen. Tyre & Rubber
Great Northern Railway
Gnamna Aircraft
Gulf Dit
Hammon Organ
:
1000 - 04
200831
1400 63 2006 117
15.20 10.30 1000 or 1600
Mar.
FOREIGN DAGILANCE
NEW YONK
Closing prices, all in cents per lb.:.
Contract No. 8 (world)
July
Bent.
Oct.
Apo-world average)
Total Bules:
contracte.
Open interest: 1,107 contracts.
298830
Contract No. 7 (domestio) Moy
4.30
July
Spot-(bulk, duty paid)
030
Total Bales: 15 contracts,
NEW YORK
Open Interest: 1,600 contracts,
UPI.
Closing rates:
Canada
England.
official 30-days
1.01-25/33
2.7070
2.7030
Do-days
2.700
Australia
2.2300
New Zealand
2.78TO
3000 15.40
Belgium
.020075
20000 kn 1515
10000 10,40
600
181
METALS
W. Germany
Holland
2700
Olilors unchanged.
RUBBER
LONDON
Closing prices all in' pence per
1100
15.30
jb.:
1000
104D
LONDON
No. 1 Ria spot
1000
13,40
****
2336-2515
Olosing rates:
Settlement house term:
5000 10,22
1000
10.20
142
133
200 r 151
NEW YORK
Closing prices all in cents per
New York
Montreal
2.70-9/16-2.79-11/10 2.7474-2.74%
Apr/June
1315-2574
July/Sept.
2012-2515
Amsterdam
10.00-20.00
Nov./Dec.
2511-2330
250 102
lb.:
Bransole
139,40-139-40
Jan/Feb.
231-232
3100163
Lead,
Соревноден
10.32-10.323
General markets, c.lf. basis, porta:
200 133
Mar.
10.30
Frankfurt
11.00-11.10
Mar
247-241-
1000 152
May
10,40
Lisbon
30,15-0,25
May
500 201
Zine,
Chip
600 20.00
Маг.
11.12
Parin
19.30-10.00 13.6015-13.70
Eetate crepe
201%2
1000 30
May
11.20
4000 305
Copper,
Stockholm Milan
14.44-14.45
201%
500304
2500 30
4000 or 29.80
ILK Hotel
XD
0152
63 3000 # 61
The dollar promlum jumped 1
per cent to 24 per cent reel-C. Provident 29.10 ing London demand for Ameri-
can stocks In the wake of Ger-
man and Dutch revaluation moves and showing more con- fidence in the US economy.
Dollar stocks, however, moved downwards.
Hongkong and Shanghai Dank gained
point to £94 Rubbers and, teas were irregu- lar-UPI,
Closing prices
Bridal Government. Securities 2 Consolidated-E424.
35 Converslun --£509).
3. Savings 1950/65-£81!. 37, Savings 2000/70-£79 32, Savings 1060/75-6715N.
Overseas Bonda
Gennan Dawes)-180%
Lombard Banking Ord-19s 10bd
Shell Transport Ord-1499.
Koyal Dutch-£14%.
Steel & Engineering
Babcock & Wilcox Ord-33 3d. Tube Investments=80; 3d, United Steel--60s, 3d, Vickers Ord-325 1.
Electric
Asoc. Elec. Industries-47; 3d. Elec. & Mus. Industrieklis, English Electric Ord-40% Bd. General Electric, Ord-389 3d.
Industriala
Arsee. Portland Cement--74s 7150, Boardman, Marden Ord-59 1050. Borax (ukkinge)-104 ch.
Dunlop Rubber Ord-24s..
1000 OF BITS
100 43
1000 ( 53
1500 52
HK Land..
31 031
400 603
2000
Ch. Light
3312 3396
2200
4032
100 or 29.00
500 or 29,70
400 64 0315
500 483 200 4815
130047 2200 401k
1737-1730
thin Mac.
ck Mar.
A look at the "baby"
of
the
mighty Rootes industrial family
(Why is the mighty Rootes Group lavishing caro and attention an a small firm that makes air-conditioning equipment?
Alexander Thomson
talks to the man in charge and reveals the story of initiative and fore- sight./
By Alexander Thomson
Maidstone, March 7. This is the town where motor millionaires Lord Rootes and his brother, Sir Reginald started their climb to fame and fortune. Here as young men from nearby Hawkhurst, they had their garage from which the £58 million Rootes Motors has grown up. And it is here they have established the new enterprise that is so tiny, a tiddler by their standards.: that it is surprising and intriguing that they should be concerned with it.
Baltic Exchange
London, Mar. 8. B00482 Although the freight mar- ket has been quiet today on the Baltic Exchange, rice bookings from Burma to Cuba provided interest in this section.'
7416
1000 74% 1000+ 75
500 745 2007 500 * 13
2004
30045 D0041 500**44*
4500 4344
10044 120043%
62 3350 4 02′′
500
13.10 13.50
2000 6 011
300 3 1000 6 512
300 L
1000+ $31 1000 1.10 1000 90 13.00 1000 13.00 4000 14
3000
1000
However one of the secrets of progress is never being too big to look at ttle things.
And I would say that nobody In the big business world is more aware of that than Billy and Reggle Rootes,
Today I had a look at the baby' of their Industrial family. Its name is Tempair. It makes air-conditioning equipment of the small plug-in type for flees, factories and hospitals,
The Rootes Group bought it Ave years ago
when it was housed in three workshops in
disused
gravel wit outside
a
Whalever
abo:it happens motor cars the development of the industrial side will go on like being a and this looks growth business.
at
TARGET Bagge'e immediate target is a yearly turnover of £2 million. While he believes there are op portunities to be tackled home, overseas countries will continue to be his main hunt- ing ground.
Of the half dozen Tempair
can Ro
around and talk to customers three are abroad now and the fourth is off to the Far East soon.
men who
In May one of its experia and some sample equipment la going to the Moscow Fair on just about as Badry an
assignment as any mall firm
Dorking.
They moved it to Maldstone. Another unnamed vessel was supplied it with cash and put Inicen with 9,500-ton 10
of their bright young per one cent rice cargo from Burma to executives in charge.
Ho I
Peter 44-year-old Cuba and 687- was agreed for
before taking on March 25 April 15 leading basis Bogge, who
Job was executive one to one with 2/- extra for his present two toading or discharging ports.selatant to Sir Reginald,
Walking
his round
Hile In time charter the 10381'empiro" Bage told me: "I Commodoro have 27 men on the production ollburner Grant was taken for a voyage here and another couple of dozen and the 1917 Bolshevik revolu across delivery passing Cape or so on other jobs.
Halleras in March 14/18 post- tion and with redelivery Persian Gulf/West Pakistan/West Coast of India at 18/--UPI.
5
Exchange rates
But
year to next July 31 our tules should be up from £300,000 to around £650,000.
has ever undertaken. "The Russians have expressed an interest In air-conditioning gear, Peter Bogge told hopefully.
He was born in: Russia.
me
.the
Hle
tlan arrived at roughly in our present trading same time," he joked.
father was a consul general,
Getting home was a big ad- ventura. Now Peter Bagge is adventuring for Rootes in a different way." And thoroughly enjoying it.
EXPORT MARKETS "And between 60 and 95 per cent of them will be in export markets, mostly in Africa and the Middle and Far East.
Two years ago the Tempair out 20 air- drm was turning 5.751 conditioning units a week from 12.70
19.7G Business was done In the local 13.35} unofficial exchange market th 1000 A 13.40 morning at the following rates:-
V.9. dollar (per $1) Sterling notes (per £1) Australan notes (per Indonesian
1000
13
2000 0 13.70
3000 * 13.30
Textile
9.10
1.20 22000 a 0.20
15
3000
35
3000 0.30
1000 9.34
108:00 do 0.33
4000 i 0.45 1900 545
1000 1 0.20 1000 1.1 1000-14.00
400013
2000 e 14.40
1000 LP 14.00
Amal. Nub, 7.03
1
1000 3 7.05
10000
£1,30
5000
0.05
2000 të 8.10
1500 0.10 6000 28.03 #1000 FO
1)
Rupiah (per
100)
Bam tical (per 100) Singapore (Siraita)
INC CA... 24.20 2412
15.12
backstreet factory here. 3.10
This time last year the. num- 20.20 her was up to 40 a week, Now
1.81
it is clocking up a weekly 120.
With a twinkle in his eyð Peter Bagge said: "Soon I hope to have a proper pro- duction line going. By the and of the year we should be turaing
uulta coch
B00 F 23.00 1000224
600 % 24.20
5000 #2435 1000 69 24,70 3500 6 24.30
2000
a 200
5:00 4 235
week."
out 220
This is certainly gratifying 0760 6 29.00 | progress. But it is still small 24.50 alu for a concern 'Jika Rooies
4000 14 24.70
24.60 Motors.
1900
400 0 24.20
Overall the group has a pay-
100 68 24.40 jroll of 13,000. It does not reveal ita fotal solos of Humber, Hman, Sunbeam and Singer
Rubber Truxt
XD,
1009 (24.30
1.05
0.00 14000
Craw...
6326
13
BOOM 52
500 + 53
1000 $ 8,00
U'writers 14,00
XD
2016
29 2000 20.20 Inti Jav...
500 281 500 20.70
1000 28.401K & FE. 1500
Britain biggest buyer of gold
Britain
Washington, Mar. 9.
the biggest buyer of U.S. gold during
was
the three months of last year when the outflow from the country reached a peak, the Troasury
·disclosed last night, Bil- toln also bought more gold than any other coun- try from the U.S. during the whole year.
In the last three months
of
cors and of Commer and Karrier | 1900, Britain bough; $350 million trucks and lorries.
worth of gold, Switzerland $104.0
332 0716
But as a shot in the dark it million, France $118.7 million, 184 18.00 3000
1000 15.0 must be somewhere around £00 the Netherlands $104.7 million, 5000 e 15.80million in a normal year.
Belgium $83.1 millon, and Spain 2000 $ 15.00
So why is it lavishing care $80.0 mililor. worth. and attention on a small im 20.60 like Tempair and talking the 615 trouble to at it Into ably
| organisation, 4000, 52% 10000 5.00
2000
20
1000 m 28,80
Jav. XD
500
2.00 2.00 10000 234*
2000 @ 3.775 10000 > 2.00
Glmon XD
ì
20.00 $100 £0.80
8.40 1000
5000) in 2.05
20000 en 1835
4000
2,00
Cald. Macy. Union W'boat 2331 Rope a “24.00 Amoy Can. Vibro
24
3:00 18
195473
Approx. Turnover $11,900,000
During those months, foreign purchases renched a quarterly peak of $131.8 million, and re- duced American gold reserves: lo Peter Meggo said: "Ono day their lowest level for about 21 air-conditioning will be vant-years-about $17,500 million. ed for cara, particularly in some of the export marketo.
During the whole year, Dri- tam bought $550 milion' werth
"This is a way of getting the of U.B. gold. Awitzerland was necessary "know-how".
while the
next biggest buyer with making profits out of it in the $224.2 million worth, the Trez-. maantime.” AND
sury pald-China. Meil Special.
10003
4700
2100
Yaumati
143 140
BA
200
4412
100 # 145
2022
2727
Youmati
60%
(New)
130
1140
200
Gildden Cu.
3. Japanese, Assented—L 131.
Banks & Insurances
Goodrich . F.) Co.
61
Barclays Ord-709 34.
Goodyear Tyre
Chartered Bank-3 t3t.
Guardian Assurance-133s ud.
1K Team..
20 30
Hongkong Bank-£94.
080.15
Lloyda Bank-04 3
142.2
eyden Newport Corp.
108.20
Hiram Walker....
4311
British Petroleum-529 kl.
Borestake Mining Co.
432-
Burmak Oll—449.
222,07
Husman Refrit.
197
86.10
Idaho Power
3
Comm. Future
Index
prices
Imperial O
42.
Ultramar Company-20% 411⁄2d.
Imperial Tobacco
131
144.03
Ingersoll-Rand
831
Inland Steel Co.
47
Closing prices
Abitibi Pwr. & Paper
Algona Steel Corp.,
Allied Chemicals
Interchemical Corp.
Int Business Machines
Int'l Harvester.
40%
$1!
Nickel
602
371ax
33
Int' Tel & Tel
54
Allied Mitis Inc.
Johns Manville Co..
42
Kaiser Industries
72
Allis Chalmers
Kamas C. Power & Light.
70
Am Brake Shoe
34
American Cable & Radio Corp.
DA
Kennecolt Copper
American Cyanand Co.
431
Kimberly Clark
41%
Amer. & Forge. Power
101
Liggett & Myers Tob. Co.
0324
Lily Tulip
Am. Gas & Electric
Lockheed Aircraft
Forestal Land-13s Ed.
34
Climan Holdings Ord-65 70.
TECHNICAL
WHEN
QUY
ANALYSIS
On Stock Trends
Research Dept. PERENNIAL TRADING CORP. 610-818 Edinburgh House
Hong Konk.
Telt 24946, 38364
Am. Home Prod.
Am. Mach. & Fdry.
American Metal
Anipex
Anaconda "Copper Armeo Steel Armour
Ashertos Corp.
Bank at Montreal
1894
Loews Incorp.
2512
Hudson's Bay-£6-1/18.
Lene Star Cement Co.
53!
Rediffusion C&cl=430 80.
HK Flec.
Lothard P.
48
Tumer & Newall Ord-60% 711⁄2d.
XD
30%
Am. Natural Gas
FLA
Lowenstein &
Sons.
17
Unilever Or 1948 34.
3500 381;
American Smelting
574%
McDermott J. Ray
Westland Aircraft-178 71.
Am. Sugar Ret
31
McDonnell Aircraft
40
American Tel Tel
Mcnab Iron Corp
1941
De La Rue ord-u ̈ Bel.
Cheralcal
HK Tele
48
4 0006 v40
American Fab
Monsanto Chemical Co.
401%
ALL
Montecatini
Imperial Chemical Ord-7in Bad,
Monsanto Chemicals On 27
GOO G 4374
106 64 40
الجزار
Montgomery Ward
314)
100%d.
300 49
7032
Motorola Inc.
6772
4192 National Bisult Co.
по
National Cash Reg.
Paper Bowater Paper Ord-51; 0. Wixin's Teape Ord-35
d.
Batwin-Lima-Hom
1
National Dalry Prod.
67!?
63
National Lend
90x4
Rank of Nova Scotia
714
National Steel Corp.
Ba
Beech Life Savere
New York Central
1912
B. C. Tel. Co.
48
Noranda Mines Ltd.
43
TODACCON British-Amer, Toh, Ord--G9s Ga. Carrera "B" Ord-ka, d. Imperial Tobacco Ord-69
(New)
.
C
Cement
Motore
72!$
74
Bell Telephone
Norfolk & Westem Ry.
1121
British Motor Ord-17, 04.
Beneficial Finance
31
Northwest Airlines (Com.)
101
Howker Siddeley Ord-2s Cd.
Bendis Aviation Corp
Bu
Okkanna Nat. Gas
324
Benguet Cons.
Bethlehem Steel
45
4s Elevators
Olin Mathieson
Jaguar Cars Ord-01s 38. Rolls-Royce Ord-438.
71
Boeing Airplane
41%
Owen-llinois Glass
107
Borden (The) Co.
0012
Oxford Paper Co,
བ*
Pacine Gas & Elec.
AOPA
Burroughs Add Machine
Pen American Airways
101
Paramount Pictures
74%
Fine Spinner
Parke Davis Co.
90
Standard-Triumphis.
Texstics
Callco Printers' Ord-15; 10/%d.
Coals (J. & P.) Ord-478 Ed.
Courta eds Ordate.
Lancashire Cutton Ord-7D-Sch,
Dairy Fann 4315 4394
1000 r $3
Penny 3. C
Co.
401
ktoren
45:2
Penn. Salt Co.
371
Great Universal Ord-535 6d. Marks&Spencer "A"
2000 * 44
Ord-m1001
Pallip Morris
Pitney Bowes
Procter & Gamble Co.
LINES
Porlland Gen. Elec.
Publieker Industries
Pallmon
Pure Oil
tadlo Corp. Pref.
Radio Corpuration
Raythron
Republic Sicel
Reynolds Tobacco
Royal Bank of Canada
Royal Dutch
Rheem Mfg.
Sears, Hebrck & Co.
Shell Oil Ch.
Safeway Stores
Saint Reg. Paper
fichelev Ing.
Scott Paper
Slegter Corp.
Suez-Port
Suid.
Sinclair it
P.O
ORIENT
EMBARKATION NOTICE
R.M.S. "CORFU"
for UNITED KINGDOM via Singapore, Penang, Colombo, Bombay, Aden,
EMBARKATION: Passengers should embark between 2.30 p.m. and 4.00 p.m. on Thurs- day, 9th March, 1961,
SAILS:
BAGGAGE:
The ship is expected to sail at 5.00 p.m. on Thursday, 9th March, 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 Wednesday, 8th March, 1963.
NOTE: Passengers will now be disembarked at SOUTHAMPTON and NOT LONDON.
Agotits:
MACKINNON, MACKENZIE & CO.
OF HONG KONG. LTD.
P. & O. Building, 13 Connaught Road, C.,
HONG KONG.
Telophone: 80211/9. After Office Hours 35219.
Smilk. Kline & Frøntu
Socony Mail Oll
South Puerto Rico Sugor
Southern Ca. (The)
Southern Natural Gas Southern Pacific Co.
Southern Rallway (Com.) Sherry Rand.... Blondore Brands Standard Oll of Cal. Standard Oil of Int. Standard Oil of NJ. Steel Co. of Canada Sleep lock
Stone & Webster Rudebaker-Packard Corp, Swift & Co.
| Sunshine Mining
Texas Co.
Textron Int.
402%
101
234
Thokol Chem.
443%
Tipe Water O11
25'
Tri-Coll, Worranis
20
Twentieth Century Fox Film
40
11n Carbide
195
Union Oli of Cal.
Tinion Pacific Railway
MA?
231
2
107
BIL
201
20
United Alterait
United Frušt
1inted Car Corp.
11.9. Oypau
UA. Iné Co.
11.8. Rubber
UA. Smelling
UR. Steel
11.8 Steel 7 P.C. F
Warner Bro
Waukeelia Motors Westinghouse Air Brako Werlinghettin Klectrio Wentaris Unlon Tel. Co. West Va. Pulp & Paper Winn-Dixie Flores Woolworth (K, W.) Zenith Radio
Petaling Tin-109 19,
Rio Tinto (Bearer)-1-31/32. Ruan Antelope Copper-BS QU Union Corporation 60s 780. Welkom Gold Minia-176. Western Holdings-136 3d.
Rubber & Tear Anglo Indonesian Plant, 3d. Ceylon Tea Ord-9 d. Imperial Ten Ord-105 9. Kuala Lumpur-Kopung, Lambak Rubber-023 od
1
-Neuter,
Buying price for
scrap copper
Now York, Mar, 8. The U.S. custom smolter buying price for scrap copper was reduced one- pound cont quartor
yesterday.
Nauyang...
This brings the quotation for No. 2 copper wire wrap down lumplizeys. to 23 cents a pound. This is equivalent to about 294 ccnta n pound for refined copper pro- edssed from the scrap and avall- oble for shipment in Qree months,
copper Realty
87 The price for scrap 1461% won cut one-quarter cent
pound last Friday. Earlier last
d.
week, the scrap quotation had been Increased one
247
402
cont
401 pound. This increase was attrl-
buted to large purchases at U.S.
scrap copper by Japanese copper Ferry Loftners.-nAP..
£5000 2.85 20000 54 2.90 1.30000 E 2.875
aa
1700 + 45
4042
$300 or 4432
140
Moss Empires Or13
4thd.
tons
304
10
Tate & Lyle Ord-51a Woolworth (F.W.) Ord-503 04. Miscellaneou
3412
Bowmaker Or—–241 415ď,
a32
hx!
גן
352%
ם
10012
Canadian Parlic Orl---41. Hingkang & China Ges-155. Indo-China Def. Ord-25 9. Land Securities Ord-27 750. P. O. Steam Nav, Def.-45s 750.
Watson
74
Stoll Theatres- 10%,
301
i
1016
De Bears Ler-150) 73ER.
Alled Juv..
SAU
452%
373
20%
1045
424
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