1961-05-10 — Page 2

THE CHINA MAIL, WEDNESDAY, MAY 10, 1961.

Heavy trading brings

Now York, May 9,

The stock markot closed slightly higher în

heavy trading today.

The market was mixed at the opening. It remained that way unt the final hour when there was a modest Improvement in prices.

Most pains ranged from Iew cents to around one dollar

share.

•

Standard and Poor's 300 stock index rose a modest six cents 10 $00.47. The S&P 425 in dustrials gained four cents at $70:37.

577

Of 1,280 issues traded, ouvenced, 521 derlined and 200

closed unchangel. There were 110 new 1981 highs and eight new lows.

|

Atlas Cons. Mining Jalwin-Lua-Ham, Hattimore & One

k of Montreal

Bank of Nova Healin

orch Lite Guvern 14. Tol Co.

Telephone

eneficir) Finance Bendix Avtation Corp.

Benguet Cons, Bethlehem Steel Boeing Airplane Borden (The) Co. Barroughs Add Machine British Amer. Oll

Eh Columbia Pwr. Calit. Packing Corp. Cana. Bk. of Comm. Cana. Brewers Campbell Soup C Canadian Pacie H.

Case J. I) at Tractor Celanese Corp

Lo

CIT. Finnnelol Corp. Chrysler Motors Cliet Peabody Aume of The ciretrenies,

Colgate-Palmolive Co and aircraft-missiles

other Columbian Carlan Cit

Commercial Credit space age leves made good coming Glass Works

Fall won uillies, Consojiúnted raits, gains. The rubbers and drugs advanced. Consultünted Paper

Consumer Gas Steels, chemicals and peiro- Continental Can

Continental Oil of Del leums declined.

Creale 1 Crane C

The Associated Press 00-stock averuge declined 10 to 240.70. The Dow Jones 30 Industrinis were off 2.14 ut 886 92.

Volumu

tu 6,380,000 shares compared with 5,170,000 shares traded on Monday.

Zellerbach

Cuban Arer. Sugar Delaware & Hudson Co. Diamont Alkali

Diamond Nat'l Distlitero-Beogra

Dominion ent

Dow Chemical Dupont de Nemours Fuktern Air Line Eastman Kodak

gains to

Wall Street

241 MeDeano J. Bay

11 Mellonnell Aircraft 35%! Merck

National Lend

National Steel Corp.

Pormoni Pictures

1 Ateel. Co. of Carme

(479) Ullen Preide: Hathway

United Fruit

001 | United Gas Corp,

Umor Tel Co.

Wert Va. Pulp & Paper Winn-Dixie Stores

Woolworth IK. WA

Zenith Radle

2014

42

401

Steel industry London market could step up selling prices

HONGKONG

irregular in brisk trading

London, May 9.

The steel industry in Britain has a good case to step up its selling prices, Metal Bulletin sald today and tolt it likely such an ad- vance would come.

It was British

London, May 9,

STOCK EXCHANGE

Iour Own Correspondant

Business dong at the Hongkong Stock Exchange this morning | amounted to Approximately $710,000. Noon quotations and the morning's transactions: SKIRS

Stocks made a mixed showing in brisk two-way trading today. Profit takers and new buyers resulted in plus and minus marks on the list with several market leaders ending fractions 220 30 lower.

In aircrafts, the Fairey group dropped nearly eight shillings to

shilings

halt-year statement and no interim divi- dend.

Imperiant to keep the highest mille at competitive level through the need to Improve direct exports of steel. Reasonable sieel prices

export Bucce of 22 helped the

Industries an the engineering editorial said. But, it added, many of the new ecst factors for stel wore outside the industry's own control.

Metal Bulletin listed the cost increases, starting with the ad- vance in coul prices leat autumn which would add £19 milijon bills. Thern to the industry's

2

n

A newcomer, Gwent and West of England Enterprises, tack off on first dealings, soaring from 7/9 to 28/6 before settling at 25

Schweppes were shillings. standout Jumping nearly three Glaxo 30/0. to stillings went ahead with international Computers,

Among leaders giving ground Unilever, Rolls Royce, American Tobacco, British Imperial Chemical, Marks and Spencer, Electric and Musical

Courtaulds

and Industries, Woolworth.

Is viso an IXTCOSC In rates

wwe (tax) to be paid to local authorl- atties on industrial premises. 251

30%

Katser Industries

12

Kanisa C. Power & Light

Sleep Rock ......

131

Aterims Drug Co.

91

Hennecole Copper

#2!!

Kimberly Clark

Brukety-Van Camp.

27AL

Liggett & Myers Tob. Co.

BILLA

Stone & Webrier

Lily Tullp

sin::

Bludebaker-Packard Corp.

771

17TL

Sunshine Miping

0%

Litton Trid.

Bwift de Co

351; Lockheed Aircraft

Loowe blevED.

*

2015

Texas Co.

1029

431

im

Lone Star Cement Co.

6014

Textron Inc.

25

Thiokol Chem.

401

Lorillard P.

6324

a

1100 Water Gil

20

140

Lowenstein & liens.

17!4

นา

Tine Jac. .....

Trader Finance

3815 Travelers he.....

112

Tri-Cont. Warrazk

207

2017 Mesabi Iron Corp.

113

Twentieth Century Fox Fin

47

702

Minnesota Mining

Galon Carbide

1941⁄2

424

054%

Mission Development Monsanto Ciemieal Co.

292

Witen on of Cal

01

41

422 Mtorola

3115 Montzomere.

Montecatini

23d

Ulted Aircruti

Ward

31

19

1154

Nettona! Blecuit Cu.

US Gypsum

100

371

Nations Cash Reg. "A"

41

National Dalry Prod.

8

US Rubber

54

2016 Us Ameiling

131

US Stret

501

35

New York Central

181F

UB Steal 7 C. F

100

Noranda Miner Ltd.

BT

Warner Bros. ...

0112

Su

Norfolk & Westem Ry.

10%

Waukesha Motors

11'5

North Amer. Aviation

$6

Westinghouse Air Brake

17

Northwest Airlines (Com.)

29

Welingtoure Electric

67

Oklabama Nat. Gar

344.

Werterm

6714

Olin Mathieson

30%

Otovator

Owm-thals Class

Oxford Paper, Co.

73

Facile Gas &

Elec.

20012

Fon American Airways

20%

Parke Davis to,

2712

Penny T. C. Co.

4617

Pelin. Salt Cn.

432

Philly Morris

Pot

Pitney Bowes

Procter & Gamble Co.

164

Pittsburgh Plate Glas

Furland Gen

Mec.

301

Publicker Industries

Pullman

TRIL

Pure Dit

Patio Curporation

Gen. Pub, ITHIT Gen. Tel.

2014

Radio Corp. Pref.

Eler.

Koy them

Gen. Tyre & tabber

72

Republie Btec

$38% Getty Oil

16%

Reynch Melal

47

Gildden Co.

115

Byrds Tobserv

Goodrich B. F.) Co.

571%

Royal Bank of Canada

70

Allied Chemicals

Goodyear Tyre page.

7915

Royal Dutch

4115

Allied Ms Inc.

43

Great Northern Railway

48

Rheen Mg.

Als Chakra

232%

Ormanan Aircraft

311 Sears, Roebuck & Co.

co

Ai. Brake Stie

30%

42

Shell Oil Co.

American Airline

2012

Hammond Organ

34%

Sateway Slcres

47

American Catile & Recto Corp.

Heyden Newport Corp

264%

Breg Paper

American Cyunamid Co.

40

Hiram Walker

402

Schenley Inc.

Amer. Forkn. Psaver

Homestako Mining Co.

431'

Boot Paper

115

23

351

Am Gas & Electrie

07

214

Husman Refrig.

1021

Birgler Corp.

Sinclair Oil

107

Idaho Power

23%

Smith, Kilns & French

44

bulges.-UPI.

selling

40

American Meti

51

Soceny Mobiy Ou

14

Am. Natural Gas

时间

South Puerto Rico Sugar

American Sinetting

704

Southern Co. (The)

Am. Sugar Ret.

322

Inland Steel Co.

45x4

Bmthem Natural Gas

American Tel & Tel

1201,

Interchemical Corp.

41

Southern Paciße Co. –

American Tub.

Int'l Business Machines

700

Anipex

241

Int'l Horvetter....

531

Andeanda Cupper

International Nickel

791%

Planters Deinde

Artaco Slee)

75

International Paper

91

Standard Oil of Czi.

43

60

Standard Oil of Ind.

Asbestos Cuip,

202

69

Standard Oil of N.

It was The largest voluine since April 17 when 5,300,090 shares changed hands.

A market feature was Avnet Electronics which fell $9.37 19 $56.37 after the New York Stock Exchange banned "stop" orders

in the issue. Avnet has had a sensational

In rise pentha-AP.

Closing prices

Abitibi Pwr a Paper

Alden Inc. Acy.

Alga Sives Corp.

A. Home Prod:

Am. Mech. & Fary

Ammour

greent

ENT

El Parc Natural Gas Family Finance Corp.

Ft Tere &" Number' Firestone Frat Nat. City Bank

Ford Motor Georgia Pacifie General Dyades General Mectric

General Foods

General Motors

Imperial Ol

Imperial Tobacco

Ingersoll-Rand

Int'l Tel & Tel

Jahn-Manville Co.

דל

Southern Rattway (Com.)

Sperry Rand

FIRST HONG KONG FUND

SPECIAL OFFER OF 200,000 UNITS AT $1,38 PER UNIT PAYABLE IN FULL ON APPLICATION

LISTS CLOSE - FRIDAY 12TH MAY, 1961

All shares included in the Trust Fund are shores quoted on the Hong Kong Stock Exchange

Applications must

be made in multiples of 100 units, subject to a minimum holding of 500 units in the first instance

APPLICATION FORM

Payment must be made in full with this application,

To: Hong Hoog init nda Limited

7th Floor, Alexandra House,

HONG KONG.

I/We hereby apply for

units in the First Hong Kong. Fund at the advertised

price of $1,33 per unit, in accordance with the conditions contained in the offer and subject to the perme of the Trust Deed dated 12th July, 1000.

I/We enclose cheque/money order/cash for $.................being payment in full for the number of unite applied for. I/We understand that the money will be returned to me/us in full i tio Units "are

lottad.

I/We declare that I/We emfare over 21 years of age,

SURNAME(9) (In English)

(Pland state Mr., Mrs, or Blue)

OTHER NAME(S) IN TULL

ADDRESS

{KLOCK LETTERUS)

CHICAGO GRAIN

Chicago, May 9, Grain

closed futures prices irregular on the Board of Trade soybeans showing Today with 574 weakness on a flourish of selling

by commission houses.

At 0:10 point. May whcat made new season's lows on 110% Hquidation. Local buying, how- ever, lifted deferred months to above the previous close shortly before the Bnal bell.

+4

Soybeans slowed

early burst of activity. Com- mlasion house trade was mixed

2214 with longs

THE BUDGET

The government's Aprli budi- get foreshadowed three fresh ccat increases, the new tax un

Coppers were neglected while repland.

shillings.

fuel oil of which the industry is uns continued their n big consumer, Increased com-vance, Kains going pany profits tax, and the possi- Elfy of a payroll tax for every worker on the books. This last

ton, it imposed, would British steel some £4.5 militon a year.

The

cost

to tour

G-cdged cased and foreign Dollar bonds lacked features.

downwords but stocks moved

Steel and Ford went U.S. against the trend.

Leading olis were dull, Anglo- Industry

dave could some money if it was permitted | Egyptian a weak point,

Teas and rubbers held steady. to import cheap American coal for coastal plants

te European—UPI. ms were doing, the magazine said.-UPI.

UNIT TRUSTS

after an

First Hongkong Fund, dividend: 51.34 (buypr), $1.43 (seller). Special offer seller price: $1.38.

ex

the

Scrond Hongkong Fund: (buyer), $1.06 (seller).

$1

on

Closing prices

British Goyeranteni Secties 21. Consolidated-£4212. 3. Conversion-£53-3/16. 1. Savluga 1055/05-02-7/10.

Dr. Savinga 1560/10-270-7/16. 3 Savings 1969/76~£

Overscal Bonds -5. Gormon (Dawes-Ly

Asented-21094. & Insurance Barcluya Ord-92. Chartered Banks Ud. Guardias Awrence--143, 3d. Hongkong Bank-103 Lyds Bank Bd.

COMMODITY PRICES

COTTON

NEW YORK

Closing prics ell in cents per

[b.:

Spot

July

Mar

34.00 Bom

33.42

34.07

33.00

LIVERPOOL Closing prices all in pence per

May July

SINGAPORE

LONDON

05-80 BOT-0912

Lombard Banking Org-211 14. Prudential Amur. "A"-RO Toyal Bank of Canada-££6.

011 Drilah Petroleum-531 3d. Busnah 0141 38.

Ord-10ls (d,

Sholl 10.

Royal

Ultramar Company--35 04.

Steel Engineerin Babcock & Wlicax Ords 6d. Guest, Kean Orth100s 3d,

& Wolf Ord-174 d. Harder & Lloyds Ord-600. Tube investmenin 00 ct. Waited Rice

Oks, Vickers

Kloetic Autos. Elec. Industries 120 Dd.. Elec. & Mats Industries453 d. English Electric Ord. General Electric Ord-30s Dr. Pullos Lamp Works 12-17/37. Hedfusion Ord438 1011⁄2d.

Industriais

Assoc. Portland Cement 10.

Marden Ord. 78. Boardfolding)-218 317 Borex

Dunlop uzber Ori--27 04. Fisons Ord-Ta

Phares nyera Beišers,

E. $19, .... Lombard

00432

20

34

2008314

200 62

Whort Tylko XD.

410

414

100 414

30

2000 470

ИК С...

221

24.00 2100

1010 21.00

1000

2214

G00

22.00

14007816

1000 2712

100 e 22.00

2000 a 2215

2000

Wheelock

16.10 13.20, 0000 50 10.10

350

2000

1000 F

BOOK!

770

Itt Dock ..

110 111

309

C. Provident

Gilman (Holdings) Ord.-- Interpool Computers--103 34. Turner & Newell Ord-21 291. Valloyer Ord-157 41d. Wiggins Teape Ord-65x Cd.

115 c

HK Hole!..

K Land

14

IK Land

(Rights)

Younfati

1.

Chemale Imperial Chemical Ord-70 Monsanto Chemlople Oril-2 .

Paper

Bowater Par

De La Reo Ord-Ga Spierra Ord-Bla.

O:J.

J

Tobaccos British-Amer. Tob. Urd- Cl. Carreras Ord-45 40. Imperial Tobacco Orl-OUR.

72

4735

1

74

77

1000

100

130 139 300

100

200

138

Il Fram

404014

7

py

10 or 13

1000 41

Buoy 1073

DOO or 45 4000 0 40% 415

m401,

1000

Ch Light

Fx. "Diy.

SEX

Motors

British Motor Ord-10 Hawker Siddeley Ord-200 450, Jaguar Cars Ord-1005.

7.

Ros-Royce Ord~42% BJ. Westland Alvecraft-19a Bb.

IK Eloc.

23, 2016 2000 4

500

Firectford

Texilles

Calico Pyer-17 ad.

Ord Courtaulds Ord-6is &c. Fine Spinners Ord-271. Lancashire Cotton Ord-61 108. Breweries

Distillers Ca. Ord-408 10151. Guinness Arthur) Ord-51. Ind Coope Ord-243 98.

alates-031.

Great Universal'

House of Frorer Ord-97s 3d. Lyona (7) "17 Ori-1019 Bd. Marks & Spencer "A" Ordlis Tole & Lyle Oro-540 d. United Drapery Ord- 6d. Woolword (F.W.) Ord-60s 10). }

Bowmaker Ord - 20 d. Canadian Pacific Ord

Cunard Steamship Ord-17. Forestal Land

Timber-12

Hongkong & China Gas--15s,

Indo-China Det. Ord-13 od.

Land Securities Ord-35%.

P. & O. Steam Nav. Dettős Del.

Mixed Contract

24.48

21,45

24.50

Closing prices all i Straits cents per lb. fo.b. Malayan ports:

No. 1 May

0014-2015

June

23.40

No. 2 Moy

3937-00 €114-2015

No. 3 May

2014-00

104.

No. 4 May

Spet rubber unbajed

Tucson ay com coli.

Closing prices all

per lb.

No. 1 spot

Mount Tools 96.

Settlement house term:

June...

2812-267

July/Sept.

2416+2034

Jon/Mar.

2014-202

Apr/June

2015-2016

Ho Tinto (Bearer)-41 Rogn Antelope Copper Union Corporationi 31. Welkom Gold Mining-11 0, Western Holdings-104

Fly.

General maricets, c.lf. basis, ports:

June

204-202

Estate grepe

thin May

22316

METALS

NEW YORK

Closing prices all in cents per

Oct./Dec.

in pence

265-2031

Alines

De Beers Def-124 46d.

Petaling in-123 9d. Rhodesian Anglo-Amer. Ord-381.

500

200

HKC Tele.

50 5012

a. I. Comment solo 0715

Dairy Form B. Div.

Waison Allied Inv.

307% 30%

1823

4742

30.00

1000 $239

5000 t 1215

2000 @ 12%

0.35 0.80 2000 40 1,40

35 3000 34,00

Textilo

Nanyang 14.00

++

4. nubber.

GK

R. Trust

7.00

K.M.B.

8014

#7

3000 * 0,40

060 14.00

4.83 11900 @ 0%

2000 69 0.80

10000 2014

7.83 1000 or 750

1000 7.85

3083

100 1

B

10005

3830

1

700

400 V B

04

16:

American Contract

1b:

24.10

May

July

24.15

24.05

Lead May July Zie May

1.

$4.000

July

Dec.

24.05

Copper May

Mar.

24.00

July

May

July

24.95

' LONDON

Closing prices, all in sterling |

thick Bay

UPI.

FOREIGN EXCHANCE.

per long to:

AMERICAN

Дует Baller

CKS & COMMODITIES:

Тул

WHEN

spot J-month Copper

201!

842

600

241

KAT

3-month Lead

267

2134

про

001

J-month

Comada

Zinc,

spot

£31

0316

3-month

0314 8371

-UPI.

SELL

TECHNICAL

WHEN JUY

ANALYSIS

On Stock Trends

RUBBER

NEW YORK

0014

Rubber futures closing prices,

all in cents per 1.5

Research Dept. PERENNIAL TRADING CORP.

May

July

Bapt

816-818 Edinburgh House

Nov.

Hong Kon

Tel: 21064, 32304

Jan.

Mer.

CM.

May

NEW YORK

Closing rates:

England

Cilicial

30-days Australia

New Zealand

Others unchanged.

LONDON

Closing rates:

New York

Montreal

Amsterdam

Brumme)

Rubber & Tear Anglo Indonesion Plant, D. Ceylon Tea Ord238 Pu.. Imperial Tea Ord-101 Kuala Lumpur-Kapongs D1⁄4d. Lambak Rubber-15%.

-Reuter.

Exchange rates

Business was done in the bal market this unofficial exchange morning at the following rates:

Gilman

0.13

6.30

1.01-7/32

US dollar (par 913

6.733

2.7950 27920

2.237 2.7633

Sterling potes (per £1) Australian nutes (per 21) Indonesian rupiah (per 100) Bam tical (per 100) Singapore (Struita)

1,00

2.7015-2.29 2.7016-2.7813 10.04-1004 130.07-1400215 403816-10.3072 110024-11.10

Agreed merchant

rates -

800

113087

00 По

29 19 201

100007

030 O 0035 100 G 001

540 12 BOLL 4300 1,13 3000 12 81 2000 or 34 34000 0.20 30000 5.15

tco 8.20

30000 6 3.15

1000

5.20

BUG

5.13

0000

$.20

City Hotel 35%

Humphreys

30

100 # 34

100 ** 20

Jearly

H

Slar Ferry ..

2004 33%

20.30 20 2000 20

100 G 2013

2.00 2.625 000 2.00

60000 2.028 2000 $ 2.00

Conadion § Maximum Selling Lane, Craw. Dots Buying tari Invest 18.30 13.0916-13.2016 15-1/18, Minimum 14431-184317-5/16′ T.T.; 19 OD.

200 50 1 204-

52 1000 G 5111

18.40 2000 15.31

Copenhagest

Frankfurt

TEX

Blendord

Lisben

B000-80.20

30.075

30.09

Orio

20.-20.01

31.10

Paris

30.05

30,70

Stockholm

30.05

30.00

30.35 90.35 30.30

Milan Vienma Zurich

3000 15.30

72.07-72.00

Maximum Belgian France 12.00-19.109

UFT. Selling Bo1.

IK & FE

Inv.

24.70 24.90

200 14.00 500 2400

art

1000, 13.30

SIGNATURI(B)

Telephone No.

(In the cars of joint applications all persona must sign. Corporations aheuld complete under the hand of an amorised offlor WhoWN designation should be stalod)

JAL's New Service from Tokyo to Europe

COPENHAGEN - LONDON AND PARIS VIA THE NORTH POLE

in joint operation with Air France

Commencing JUNE DC-8C Jet Courier

Consult your traveL AGENT OR JAPAN AIR LINES

JAPAN AIR LINED

JAL

TAKSHING HOUSE, 20 DES YDEUX RD. C. TIĻ,28043 (S LINES) PENINSULA HOTEL, KOWLOON. TEL.60660, 64995