THE CHINA MAIL, WEDNESDAY, APRIL 12,-1961.
+
***** COWD STARE DE PLAN
LINE
→
Europoort, the new sea-terininal, near Rotterdam, due for completion in 1908, was initialed in 1958 to expand Rot- terdam. It is a complex of harbour basins, canals, Indus- trial sites, all, coal and ore storage facilities, and ship repair yards,
Rotterdam's Europoort
soon-the
opening long arm to
the sea
Gateway to Europe. That is the literal translation of Europoort, the name given to the great complex of harbours, storage installations and industrial sites now taking shape on an island of sand opposite the Hook of Holland, in the Netherlands,
It stands at the mouth of the busy waterway which links the North Sea with Rotterdam, where the cargoes carried by sea-going ships are taken over by the bustling Rhine motor barges for the lust leg of the journey into the heart of industrial Europe.
to build Euro- The decision poort was taken for two main reasons: increasing trade due to the Common Market and the mounting demand for oil to ferd the hufustries of the Rhur and At prevent
ETTESDAM
LONDON:
PROFIT TAKING
London, Apr. 11. Some of the buying steam behind the series of now highs evaporated today and industrial stocks
irregular turned
under tum- profit-taking, but over was still large and demand produced savoral good riscs.
A half-year result from Gluso smaller Laboratories reported
The statement profit margins.
cut the price by seven shilltary
to 08/10. The impact spread
U.S.
stocks recover
from
profit-taking
New York, Apr. 11.
Stocks closed irregularly higher today, recovering from a round of mid-
session profit-taking.
The tickers ron Jate for several minutes after the opentry and late agals at the close, Market
turnover cane clone to matching Monday's robust volume of 5 million shares. Gains of one and over were common in leading steals and autos, reflecting improved business for bolt industrien. Coppers were also strong as the market continued to look for a Tuund of price Increases,
Allis Chalmeru
International Nickel
International Paper
tat Tel & Tel
John-Manville Co.
4744 Kannas C. Power & Light
20
Am. Brake Shoe
44
Arnaricon Airlin
201
A. Cable & Stackie Corp.
Di
American Cyank
Co.
Amer. & Foren. Power
11
270
1:01
ca
En
at
1204
Am. itome Prod. Am. Mach. & dry American Malal American meltkig Am. Buyer not.
American Tel & Tel
Anipex
Anoonda Copper Annco Stret Amour
Atlas Conv, Mining Ballina-Itara. Union Carbide gained about Baltimore & Ohio
Bendix Aviation Corp. three In the chemicals while Benguet Cons others of the group cased a bit. Bethlehem Steel were widened with Beeing Airplane Drugs
Zordea (The) Co. Johnson and Jolinton off more
Burroughs Add Machine than two on lower quarterly | Cair. Facking Corp. earnings, Home Products up Cana. Brewers it almost 13
stock-split Canadian Pacific R. tumours. Abbot Labs were off Case. 13 Co.
Cal Tractor Celanese Curp.
almost three.
תם.
Today's volume was 5,230,0001 T. Financial Corp.
shores.
Chase Mantrat, Bank Chryfer Motors Chuett Peaty Colgate-Palmolive Co. Commercial Credit Consolidated Fation Continental Can.
Of a total 1,320 shares traded 356 were higher and 560 lower. Americna Exchange volume wes 3,450,000 shares, Bonds volume amounted to $0,700,000.
Dow-Jones closing averages Crown Zellerbach were:
30 Industriais
Rally
I
*
Uliitles Slacks
40 Bord
90
to other leaders like Imperial Comm. future price index.. Chemical, Courtaulds, and Woolworths.
un the
Dunlop
Coppers improved and ling made further substantial gains for the higher price
edged
додли metal. Diamonds
were mostly Foreign bonds neglected with easiness showing
wards.
The men behind the Europoort plan pay it is a natural develop- ment of the port of flutterduin -the final extension of "the long arm" "tretching from the inner harbours, 18 miles inland, to the sea. Looking into the future Rhineland areas.
that it will Rotterdam Can accommodate up in Japanese ascented bonds. they are confident
the estimated in-tankers of up to 50,000 dead- Cripp with
a trade and truffle until after the year 2000.
the
Oils finally ended faction-
weight tons. Europoort will takeally higher after criatic move- them initially up to 70.000 tons ments. and eventually to 100,000 Lons
and over.
the
Already Rotterdam is second hirgest port in the world and chasing New York for Brst
The official opening ceremeny place. In 1900 it handled 24,300 | this spring will be at the big Ships and
tony of 80,000,000
now petrolcian hurbour, cargo, more than 40 per cent of 6rst part of Europcort to be which was crude oil and its pro-completed, An 808f1,-long jelty duels. The tunkers come main capable of handling two 700,000 ly from the Middle East and tan tankers simultaneously lay South America, but ships carry-Even built by Shell Nederland ing an endless variety of other Refinery Company and it is here goods ply between Rotterdam that the first big tanker-proti-
П ally
tonner--will 05,000 and ports all over the world.
arrive on the opening day to off into huge Its crude pump
FIRST PART
A vast scheme for expanding harbona facilities of this seule
is therefore of far-reaching Im-
storage tanks ashore,
The six Shelt
tanks erected
portance not only to Rotterdam so far are among the biggest in
itself and to
the continent of the world-75f1, high and 170ft.
but also to trading in diameter with a capacity of
Europe, nations everywhere.
WHEN SELL
TECHNICAL
WHEN
DUT
ANALYSIS
On Stock Trends
Research Dept. PERENNIAL TRADING CORP. 013-318 Edinburgh House
Hong Kunis
Tel: 14948,
P.O
A concert About 10,000 tons. hall in The Hague which seats 3,000 people could be put in- Eleven of side one of them.
tese tanks are planned at the moment and there is room on the site for 100.
From the tanks the oil will be pumped through a 15-mile tong, 24-inch diameter pipeline to Pernis (see map), partly for the Shell refinery there and partly for relneries in Western Germany via the 185-mile Rot- Jerdam-king pipeline which
was opened last year,
At present the glant, white- painted Shell tanks stand al- most alone on the desert-like expanse of Rozenburg Island. But as work goes on more oil installations, storage sites for ore and coui, a steel works and will industrial plants other gradually cover the sand. When the present entrance has been widened and deepened and fur. ther harbours built for more Industries and for general mer- chandise and passenger ships- Europoort will add another 6,000 neres to the port of Rotterdam.
ORIENT
LINES
Buth rubbers and leas tended
to drift downwards.-UPI.
Closing prices
Overeat Bands German D
b., Japanese,
Banks & Insurances
Barciays Ord-7.
Chartered Bank-025. Guardian Assurance---150s 3d. Hongkong Bank-17. Lloyds Bank-008.
Lombard Banking Ord-14 td, Prudential Amur. "A"-— £24-0/16.
011
British Petroleum--60s. Burmah 011-49% 6. Shel Transport On-101s. Royal itch-£ 15-9/10. Ultramar Company-3x 101d.
Strengineering
Babcock Wilcox-34 Jā. Guest, Keen Ord-964 3. Harland & Wolf Ord--235. Stewarts
Closing prices
Aiden Inc. Acy
Afted Chemicals
Allied Mila Inc.
Continema Oll of Del. Crane Co. *****
Kenneroit Copper
Kimberly Clark
Liggett Myern Tab, Co.
Lifton Ind.
Lockheed Aircraft
Loews Incorp.
Lone Star Cement Co
234 Lowenstein & Sons.
随
MeDemutt J, Roy
Merabi Iron Carp.
131
Merck
45
14
33
Mluneral
Mining
Mission Development
Monsunto Chemical Co.
043, | Manigomery Ward Matarala Inc.
1
47% National Biseult_Co.
434
04
301%
National Cash Reg. A Nation) Delty Prod. National Lead
Nailonal Steel Corp. Now York Central ... 24% Norfolk & Western Ry.
34:
-353
81
North Amer. Aviation ... Northwest Airlines (Com.)
Oktobama Nat. Cas
Olin Mathieson
70x Olla Elevators
かばん
| Owen-Illinole Glass
Pacific Gas & Elec,
Paramount Pictures
3
45
044
37
Pan American Airways
123
201
Parko Davin Co.
405%
Penny J. C. Co.
Penn Salt Co.
Philip Morris
ST
Procter & Gamble Co,
Cuban Amer. Sugar
19
Piltsburgh Plate
ans
731
C04.11
Delaware & Hudson Co,
18% Pubicker. Industries
143.50 Diamond Nal
40
Pure Oil
13
112.20
Dow Chemical
74
2.30.37
Dupont de Nemours
Radio Corporation
421
Republic Steel
411
B.13
Eastman Kodak
Reynolds Metal
144.77
El Paro Natural
Gas
Heynckie Tabsces
110
Family Finance Corp.
41
Shell Oil Co.
2011
First Nat. City Bank
Ford Motor
BI
28 Saint Hed. Paper
3312
Scott Paper
107
JU
Sinclair Oil
0372
어
Socony Mobil Oll
60
South Puerto Rico Sugar
47
Southern Natural Gas ...
203
Southern Railway (Can)
G
Standard Brande...
го
Getty Oil.....
13
Standard Olt af st
Glidden Ca
40
Blando O uf Ind.
Goodrich 18. F.) Co.
Standard Oil of NJ.
4012
Goodyear Tyre
30
Grumman Aircraft
Heep Rock
D
Sterling Drug C.
อ.น
30
Stokely Van Camp.
2412
Hammond Organ
03
Studebaker-Packard Corp.
7
lomestake Mining Co.
43%
Swin & Co.
05
Tkle Water Olt
25
во
17
Travellers
Twentieth Century Fox
Film
117,
$1
4
United Fruit
2134
711
34
512
-UPI.
HONGKONG
STOCK EXCHANGE
The approximale tumover co
lo and
the Hongkong Stock Exchange this
amounted morning $3,710,000, Closing prices the day's transactions:
Shares Buyers Bellers SAM 511040)
1K Bank
East Asia...
General Dynamics
General Electrie
General Foods
General Motor
Gen. Pul.
1.
Gen. Tyre & Rubber
Quir 011
Idaho Power ....
Ingersoll-Rand
Inland Steel Co.
Interchemical Corp.
Jatt Business Machines
Int'l Harvester
up
US. Line Co.
COMMODITY PRICES
RUBBER
NEW, YORK Rubber futures closing prices, alt in cents per lb.:
420
429
100 G
100 427 400
20 420
May
Wheelock
13.30 13.30 2000 4 15.20 12000 13.20
July
sept.
K. What XD Duck
420
112 113
100
113
100 113
Jan.
Mar.
A Nav... Lloyda Oid-1 Dd. Tube Investments. United Steel-- D Vickers Ord-23 7144.
Elecile Assoc. Elec. Industries-451 30. Elec. & Mur. Industrien-la Bd. Engilsh Electric Ord-37. General Electric Ord-30s Dd. Philips Lamp Work-12-13,32.
Industrials
Assoc. Portland Cement-040 750, Boardman. Marden Ord-100. Borax Holdings!-201
Ord-72 3. cor.
Decca Recor. ord.-25. 445. Dunlop Foreslat Lac-14
Gann Roldings) Ord-61 34. Hudson's Bay-26-13/15. Redifusion Ord-47 4. Turner & Newall Ord-74% 100 Unilever Ord-103s 1. Westland Aircraft-17 4ljet.
Chemicals
Imperial Ciemical Ord-72 1. Monrants Chemicala Ord-25,
J'aper Bowater Paper Ord-80 38. De La Rue Ord-029 Dd. Spicers Ord-44% 30. Wiggin's Trape Ord-32.
Tobrecor
British-Amer. Tob. Ord-65% ! Curreras "B" Ord-in 4td. Jperial Tobacco Ord-074 01.
Motors British Motor Ord-18s 6d. Hawker Siddeley Ord-31 3. Jaguar Cory Ord-039 D.
Ord-4x 7250.
Rolls-Royceump-13 414.
d.
Textiles Calleo Printers' Ord-19 Coats (J. & P.) Ord-50s 700. Courtaulds Ord-441 9. Fine Spinners Ord-201 Lancashire Cotton Ord-84 74d.
Distillera Co
Brewer lief. fad Coope Ord-231 74d.
Watney. Mann Ord-bis.
Bloren
Great Universal O-59: Gd. Marks & Spencer **A***Ord-1964 cd.
United Drapery Ond-680. Woolworth (F.W.) Ord-80s $15cl.
Provident Talkoo **
HK Hotel MK Land
Yeumati
HK Ga
100 113 100113
400 m 29.40 76 DUO 70%
2000 of 76
29.40
7939
40 431
200 70
800 by 16 $700 15 000 & 75 400 75% ¤OU ce 153%
Ets. 3015 41 400 630
134 145
.. 21.33 21.40
HK Tram
301
17
200 50! 2006 01 100 + $1 100
C00135 300133 200 60 136 300 + 21.10 500 21,20 0000 or 230 500 21.30 100 21.40 B00 e 21.30 1000 361
2000 301 5000 à 302L
10037 2300 301
3500 5 384,
Ch. Light
30%
37 1000
500 cr 37
In Etec.
•
120 / 37
500 or 3334
800.37
5000 30%
200 & 37
37 37 2000 * 30%
Te
44
40
00
4000 + 37
2000 or 37 2000 or 30%
C100 or 31
600
37
G00374
1253 27 4555
21234543
500 4532
500 or 451%
Nov.
REX Standard
30.17 30.02
30.15 30.£0
Ti0.65
30.70
30.50 30.05
30.50
20.65
30.20
30.55
SINGAPORE
American Contract
432%
TRANSPORTATION
New Irish ferry
will test stabilisers
The latest vehicle and passenger ferry, the turbine-driven Caledonian Princess, launched recently by William Donny & Brothers Ltd., of Dumbarton, for British Railways, will be in operation by the end of the year on the short sea crossing between Stranraer in South West Scot- land and Larne in Northern Ireland.
With a service speed of up to 20 knots and over, the vessel will be capable of performing
two round trips a day it the trame is sumclent.
Caledonian
screwed,
Princess, twin- is 353 feet long and over 3,500 gross tons. She will
have accommodation for 1,100 4632 Passengers, motor cars and heavy i
vehicles, cattle and carNO. She will be of-interest ag`on her 14ulls in the uuluan she will tes! the prototype model of an im- of Denny-Brown 31 proved type
sinblliser, details of which will not be available until then. The slabilizer has been conspicuously successful in controlling
· May: 24.76; July: 24.85: Oct; 24.15: Dec: 21.35; Mar; 24.70; May: 24.80.
Mixed Contract
May: 24.70: July: 24.85: Ocl; 24.15: Dec: 24.35; Mar: 24.35; May: 24.35. UPI.
METALS
New
York
all in Straits unavaliable.UPI. Closing prices
Malayan lb. f.o.b. vents pcr poris:
No. 1 Apr. No. May No. 2 Apr. No. 7 Apr No. 4 Apr. Spa
rubber unbnie Blanket crepe No. 5 pale crepe
LONDON
8019-9074
1721-43 PGS-87? 8412-051
melal
futures
LONDON Closing prices, all in sterling İper long ton.
Buyer Seller
Tin spot
#DÉ
3-month
Refrigerated cargo vessel runs trials
Alexander
Stephen and
Sons, Ltd., of Glasgow, have recently run triala for Shaw Savill and Al- bion Co. Ltd., the 17-knot refrigerated cargo finer Iberle.
Launched in November, she is the for service between Britain, Aus- pitching and rolling of passen-tralia orul New Zealand, and is ger ships big and small and has propelled by an eight-cylinder carried the name of the ship- Burmeister and Wain diesel builders and the Edinburgh Arm engine, turbocharged, developing of Brown Brothers and Co. Lui. 13,300 b.h.p.. Installed by throughout the world.
The prototype which will be tested, It is understood, is of
Harland and Wolf Ltd,
With a gross tonnage of just
greater simplicity ond at its over 11,000 tons, Iberle will installation in the hull recently curvy frozen meat, chilled beef, In party of noted European ship- fruit and dairy produce. There
builders were present.-LPS.
As
Zurich airport for freight
aircraft
grow
are four refrigerated holds, and two general cargo holds, re- presenting over 400,000 cubic feet of chilled space, and about 240,000 cubic feel for general cargo.
Constructed 22 Л complete superstructure vessel, the ship is just over 500 feet long, hus a bigger raked Atem, cruiser stern and a
thair capacity for passen-long bridge house with_machle gors and cargo increases. nery space amidships.-LPS.
With this expansion, faci-
lities for the handling of
this traffic must keep poce.
At Zurich Airport, largest of Switzerland's three main Inter- national airports, a new freight and mail building has just been completed providing the neces- 100% sary up-to-date facilities,
8353 879 841.13 842
0813-8314 spot
Copper
22014
CP-70
3-month
2004%
2301
$3-04
1.cad
071%
07%
3-thonth
CB2
Zlac
spot
1412
04
3-month
BA
115
-UPL
Closing prices al in pence per i
1b.:
No. 1 Re spat
20-201
Settlement house term:
Apr. May
2814-2012
2011-2012
June
281-2513
Apr./June
2431-201
July/Bept.
23-7614
Oct/Dec.
23-20
239-251% 2016-25%; 201
thick Apr...
AMSTERDAM
General markets, eif, basis, portag
Aur. May
Estate crepe thin Apr.
FOREIGN
It is adapted for the require- and is the ments of jel tramc most modern of its kind !17 Europe.
At the crossroads of Europe,
Switzerland derives particular
British cable ship
to run trials
The new British cable ship, HMTS Alort, built by the Glasgow firm of Fairfield Shipbuilding and
En- gineering Co. Ltd., is to trials shortly (about April 13).
go
on
Launched In November, and diesel electric
benefit from air transport, and powered
by
as most of her exports are pre-inschinery by Mirrlecs-AEI, she cision goods of high value in rehas twin propellers at the stern lation their size, are especially and a Voith-Schneider type bow sulable for carriage by air. propeller. The vessel is 118 feet Switzerland has thus grown long, and will have a "ross ion- rapidly in importance as an air nage when in service exceeding centre served by many Interna-0,000 tons. Her service speed
and will be 15 knots. New York rates unavailable. tional air corporations,
LONDON
Zurich Airport has become the headquarters of her national air- 2.70-15/16-3.30-1/36 line, Swissair. 2.77!1-2.77% 10.00-10.009 1400-140.10
Closing rates!
Closing prices all in guilders New York per kilogram, c.lf. Apr.:
No. 1 rubber
No. 2 rubber
No. 3 rubber
Nu. I crepe
Montreal Amsterdam 2.40 buyare ruskels 2.30 buyers Copenhagt 2.37 buyers Frankfurt 2.54 nom, Lisbon
UPI. Valo
Parli
SUGAR
NEW YORK
Closing prices, all in cents
Der lb.:
Contract No, 8 (world)
00 45%
Dowmaker
Oct.
Canadian Paclße Ord-$142). Cunard Steamsha Ord-19 hongkong & Culia G#-15s. Tado-China Def. Ord-23 Bd. Land Seculea Ord-27 d.
Cement
Dairy Far
Texilte
L
0314
100 03
500 A 03
30%
200 or 3015
0.10
2000 MB.10
1030 .30
2:00
716
Amal. Rub
7
7.03
1000 7
Stoll Theatre-10 74.
1000
500
Mar
Rub, Trust
+ 8.50
2000 À 6
July
1000
Oct.
3000
MAT.
City Hutzl
HOT!
200 ìà 21,00
May
Bd.
200 27.60
Spot-World Averago)...
100
100
MY
310 35
3100
Total Salen: 140 contracte.
Open interest; 1,ita contracta.
Contract No. 7 (domestic)
Stockholmi Milan
Vienna
Zurich
19.344-30344
11.1131-10.11 90.13-00.25
10.00-20.0015
15.7134-13,72 14.47-14.471 1740-174034 72.00-72.00 12.10-12.10%
-UPI.
Her first commission will be to lay a cable in the Gulf of from Newfound- The new freight and mat St Lawrence. buliding has been built and de-lond to the Canadian mainland signed to enter for the latest in-on behalf of the Canadian Over- Telecommunication Cor- creates in freight and mail car-seas riage brought about by the in-poration; the troduction of jet aircraft,
will then Lake over maintenance woric on the
The building is 187 metres north Atlantle to allow another vessel proceed with laying of a single- long and consists storey warehouse and
storey pleture).
office block.
a three new cable
(See
from. Newfound-
land to Scotland.-LPS.
EMBARKATION NOTICE
R.M.S. "CHUSAN"
EMBARKATION: The ship will be berthed at No. 1
SAILS:
BAGGAGE:
Passengers should embark between 2.00 p.m. and 3.00 p.m. on Friday, 14th April, 1961.
Pier, Kowloon Wharf.
The ship is expected to sail at 4.00 p.m. on Friday, 14th April, 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 Thursday, 13th April, 1961.
SUBJECT TO CHANGE
Agenta:
MACKINNON, MACKENZIE & CO. OF HONG KONG LTD.
Telephone: 86211/9
P. & O. Steam Nav. DeL.--459
Mes
De Beers Def-125 30.
Mount 147 341.
Petaling Tin= 0.
Rio Tinto (Dezcer)~£2»7/37
Roan Antelope Copper-
Union Corporation—114 94. Welkom Gold Mining-1ɔn 00. Western_Holdings-11ks 9a.
Rabbers TOLI
Ana Indonesien Print, Dd. Ceylon Tea Ord-30. Imperia; Tea Ord-ics. Krats Lumpur-Kepong-da id. Lembak Bubber-05% 750
Reuter.
SUGAR MARKET
New York, Apr. 11. World No. 8 sugar futureh
today closed one to points higher with sales of 140 con- fracts.
Domestle No. 7 sugar closed
one to points lower with sates of 280 contracts.
Cuon remained the prin- cipal world market cano sugar mibpiler now offering.
On April 25, Ceylon will buy between 10,000 to 20,000 «tolin of raw sugar in the world mar ket for May-June shipmem.
Scattered trade gelling weigh- ed on the domestic évjjar con-") tract-UPI.
May
July
Sept....
Apotuik, duty palu),
Total Sales: 280 contracta,
16 or 31
Itumphreya
20 20.40
100
20.30
BCD
20,10
600 gr 20.10
HK & FI
Inv.
21:00
530 11.00
1000 - 21.00
UP.
Gliman
4.
1000 100
415
4000
419
Boca o 4.625
Agreed merchant
rates
Belgian Franca Maxtinuin Selling, 001.
Exchange rates
3.14
9.11
3.00
3.09
3.03.
4.20
029
0.31
0.29
Open literest; 2,141 contracta,
1b.:
COTTON
NEW YORKC
Closing prices all la cents per
Spot: 33.34 nom: May: 13.36: July! 33.63; Oct: 34.38; Det: 34.75: Mar:
37.03 July: 35.43,
55.00 MKEW ORLEANS Danther
Closing prices all in cents per Icebl was done in the unmetal exchange market
thin 1b.: morning the following rates;
Boo1; 31: May: 33.18: July 23 V. dollar. (per $1}
1800 Cet: 31.38: tree: 34.78; Mar: Bierling noten (po) RS) ......
May: 25.03. Australiad notes (per £1) ... 12.77
LIVERPOOL identen Rubiah (per 100).
Closing pricas Rian tesis (pre 109)
2020 dmayer (SFALTS)
Ti per 16.:
Bilir. pètice
Fhoto shows: The Interipe of the cargo expori scolton of the new freight and mall building at Zurich Airport. From this building goods are loaded for peris throughout the world.
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