THE CHINA MAIL, ・・・ TUESDAY, MAY 16, 1961.
Wall Street rises
น
Now York, May 15.
The stock markot rallied to another historic
high in heavy trading today,
The market was higher and active from the start and continued to improve to the close. Most stocks were around their highs for the day at the final gong.
Most gains ranged from a few cents to around $3 a share, but there were wider gains by more volatile lasues.
Standard and Poor's 800 stock indux rose 30 cents to an all- time high of 400.83. The pFC vlous high was $60.68 set un April 17.
The S&P 423 industrials also rose to a new high, up 12 cents 10 $70.68. The provious record, also set on April 17, was $70.63. Based on the index, the quoted value of all stocks listed on the New York Steck Exchange Halned about $2,300 milifun.
STEELS RISE
very broad F1 was another market in which 1.328 Issuer showed on the tape only six less thing the all-time record at on April 3. Of these, 720 advanced, 384 declined and 221 There were closed unchanged, 132 new 1801 highs and only three new laws.
The strong rise was led by the sleeks,
cors, coppers, electrical equipments, ralis, rubbers and uilliles.
The Associated Press 60-stock average rose 1.30 to another historie high of 249.20.
Volume totalled 4,480,000
|
Britan Amer. On
British Columbia Pwr. Calif. Proking_Corp. ca Bk. of Coun Campbell Soup Co. Canadian Pacific 1. Case J. L) Co. Cat Tractor
Chipnose Corp.
2. 1. T. Financial Corp. Che Manhst. Bank Chrysler Malors
Chuett Penheity
cortate-Palmolive Co. Calembion Carbon Co. Corning Gines Works Consolidated Edison Consvitialed Paper Commmere Chi
Conterral Credit
Continental can.
in
heavy trading
pd
Steep Nach
6936 | Stone, de Webster
40
*1
Studebaker-Packard Corp.
Texas Co.
Textron Inc.
Thickel Chem
Tido Water Oll
Untind Aircraft
HONGKONG STOCK EXCHANGE
nur Own Correspondent,
BarIntra- Kono at the Hung- kong Sidek Exchange this morning amounted to approxi- mately $3,340,000. Noon quolation9 and the morning's transactions:
22000 22
221031.90
2015 10.00 4000 að 10.40
1000 10.40
B004 105
1481
*
Philip Morris
Pitney Bowes
11%
coter & Combla Co.
Blaten
Bayan
felfers'
Portland Can, Mer.
| Sunshine Minkig
L
3014 Publicker Industries
Swift & Co.
11K Bank
422 424
· Halos 0423
79
Pullinan
301
1007
20 SL 424
Pure Oll
งบ
232
Lou Reg.
314
320
434
Radia Corporation
Dk F. Asta
240
Radio Corp. Pref.
70%
27!
Lombard Ina
55%
411
Roytheon
29
Time Inc.*****
Whart Co.
- 307
310
1300 304
Republie Steel
0316
4614
Trade Finance
41
200294
17#
Reynolds Tobacco
110
Travelers inc. .....
Royal Bank of Canada
10
63
Tri-Cont. Warrnals
30!!
Taikoo Dock
XD
......7334
600 74
421
Royal Dutch
$216
Twentieth Century Fox Fun
1116 С
.. 21.00
Rheem Mfg.
Union Carbide ....
103%
Sears, Roebuck & Cu.
001/
Union Oil of Cel
Wheelock
£3%
Crowa Zellerbach
Continental Off of Del. Create Pet
4074
Shell Oil Co,
4414
Imton Pacine Railway
Safeway Stores
34
100%
TEL
Saint Reg. Paper
अ
Untied Fruit
Schenter Inc.
United as Corp.
104
Scott Paper
112}{
UB. Gypsum
oat
Stegler Corp.
छ
Us. Co.
thetar Ol
4315
US. Rubber
40
Bmith, Krine & French
US, Smelting
Boceny Mobir ol
#745
20%
Sutih Puerto Rico Surar
104
U.S. SINA
HK Dock
งง
115
U.S. Steel 7 P.C. PF*
15
Southern Co. (The
Warner Bros.
Ch. Prov.
3314
注册
212
Sauthem Natural Gas
40%
Southern Pacific Co.
11312
Southern Railway (Com.)
212
Sperry Hand ........
3412
Standard Brands
Blandard O
of Cal
47
Standard Oll of Ind.
70%
Cuban Aster, Bugse Delaware & lidson Ch Diammi Aal pangnd Nat Cistulers-Serrains Deminton Stores
Douglas Aircraft
Dew Cheinlegt
Dusent de Nemour
E-tein Air Line
Enstrat Kodak
F Pass Natural dan Family Finance Corp. Ferro Curp......
Firestone Tyre & Rubber First Nat. City Bank Georgia Pacie General Dynamics General Ficcicie General Ponds General Motors Gen, Pub. VI.
shores, slightly above the 4,510.-en. Tel. & Elec. 000 shares frnded on the Ameri-
can Stock Exchange, and about
Die some number is on Friday.
Ges. Tyre & fubber Glidded Co.
Gootteh B. F.) Cu
Goodyear Tyre
The Dow Jones 30 industrinks | Great Northern Raliway
were up 1.40 to 602.37.
The business news was good. It included an Increase
Grumman Aircraft
lammurd Organ
Heyden Newport Corp.
in 1.8, car sales and a riseram Walker
HomesLake Mining Co.
in V.B. steel production Russman Refrig.
1,088,000 tohs last week, 2.3
per cent above the previous week.
CO-
Wall Street also was tinuing to respond to the bellur Lotal economic struale In America. This was shown April's Industrial
production rose to the highest level since
October-AP.
Closing prices
Awis Pr. & Paper
Algoma Steel Corp.
Allied Chemicals
Allied Tulls Inc.
Idaho Power
Imperial Tobacco Ingorell-and
Imperial On
Inland Steel Co.
Kaler Industrira
ביד
Standard Oll of NJ.
Steel Co. of Canada
Waukesha Motors Werlinghotipe Ale Brake Westinghouse Electric Weatures Union Tel. Co West Va. Pulp & Paper Wir Dinle Blores Woolworth 4K. W.)
40 Zenith Radio
London stock
market gains
London, May 15.
HK & 5. Hotel
JK Land
.. 4015
47
70 703
1000 10
1000 10,43
2000 164 7000 1849
25400 L 10W
1033 10.62
400 114
000114
100 o 14%
100034!
0034 163 or 34
937 br 3324
300474%
300 # 40% 200 or 46%
400 or 7519
400 6
190 # 75
100
T
100 / 754%
209
TO
HK Land
Rt.
2015 5115
73 6 5049
53 GUR
Youmall
130
100
130
IIK Tram ..
40
200
401
સાઉ
Buyers were prominent in the Stock Exchange
today and gains were in the majority, al-Ch. Light though profit-taking created irregular price movements in some sections toward the close.
Industrial Issues in genortl
A few lenders,
however, weakened during the 3434
afternoon. 501% 70% British
Government, bends
were quietly arm.
shares drifted
fower
Gold under light selling pressure. Tiss were firm, coppers also Im- proved. Olis attracted little at- 23tention.--AP.
Closing prices
Driüich Guvernment Beedrilles 35. Consolidated—£42EK. 1. Conversion-503 3. Saving 1558/69b35,
40%
14
00%
40
Interchemical Corp
4221
Int Business Machines fad Harvester
531
were cheerful,
ng
International Nisko)
Int'l T & Tel
International Paper
Johns Manville Co.
Kansas C. Power & Light
1142
01
Kennecott Copper
0214
Kimberly Clark
$39% Wexell & Myers Tob. Co.
RA
39lly Talip
01/
30
Lacklerd airerati
431
40
Loown Incorp.
Allie Chalasa
291
Latte Stat Cemeal Cn.
Am. Brake Shoe
401
Lorillar
8214
Am. Cable & Radio Corp.
Lowenstein & Sons.
1811
American Cymamid Co.
405 McDermott J, Ry
432%
Amer. & Foren. Power
10%
McDonnell Aire ift
G4
Merck
214
!!33
Mesabi Iron Carp
115
Monsanto Chemical
22
Montecatini
$5
Montgomery Ward
30%
621
83%
leg, "A"
2011/
24%
National Lead
9213
2
National Steel Corp.
89!
73
New York Central
4
Norandan Minen Ltd.
Alberton Corp.
201
Norfolk & Western Ry.
22015
Balwin-Lime-Han
10
North Amer. Aviation
4912
Baltimore & Ohio
2424 Northwest Altliner (Com)
Hank of Montreal
4512
Okishams Nat. Cas
30
Beech Life Savers
Olin Mathieson
B. C. Tel. Ca
5041
Otts Elevators
EDIS
Bell Telephone
DJ
Owen-lilinola Clune
0734
Beneficial Finance
401
Oxford Paper Co.
Bendix Avtation Corp.
Pace Gas & Elec.
3074 0122
Benguet Conn.
Pan American Airways
1944
Bethlehem Steel
417
Paramott Pletpres
Boeing Airplane
4CAL
Parke Davis Co.
Borden (The) Co.
64 } Penny J. 6. Cơ
Burrough Add Machine
Penn, Gait Co.
Am. Gos & Electric
Am. ne Prod
Am. Mach. & F“dry
American Metal
Am. Natural Gas American Bmelting
A. Sugar Ret.
American Tel & Tel
American Tob.
Arges
Anaronda Copper
Armeo 8:rol
Armour
301 Motorola Inc.
334 National Biscuit Co.
National Casi
70% National Dalry Prod.
1294
HONG KONG ANTI-TUBERCULOSIS ASSOCIATION
ANNUAL APPEAL
30%
813
30
Baving 1000/70-£70/-13/10. 3%, Baving 105/75-412-0/10.
Overrods Bonds
3 German (Dawes)=C7BL...
5% Japancke, S.
Hanks
Barclays Ord-48.
Chartered
Guardiance-100%.
Hongkong Bank-£10.
Lloyds Bank-70 04.
Lombard Banking Ord-23_Bc.
Prudential Assur. "A"-£27-17/10. Itoyal Bank of Canada-Ezara
on
British Patroleums bd. Burmah Oll-124 Dd.
Shall Transport Ord-166 36. Royal Dutch-215-15/14, Ultromal Company-dou 455.
#teals & Engineering
Flabcock & Wilcox Ord-34e ed. Dorman Long-36 ft.
Guent, Kue Ded-109% 740.
Wolf Ord-17 Od.
rland Lloyde Grd-Ms 10!s.
Summers & Bons Ord-
Tube Investmenia-60% na. United Steoi-60 Bd.
Vickers Ord-37 750.
Electric
ABeat. Lies. Theuiries ( ĐỜI Elec. & Mum. Industries-498 kl. English Electric Ord-35%. General Electric Ord-352 64. Philips Laing Works—C!1-13716. Rediffusion Ord-s 73.
Instelat
Assoc. Portland Cement-b6a 10150, Boardman Marden Ord,—fa. Borax (folding)-21 Dunlop Rubber Ord-28% öd. Fiona Ord-dda.
49d.
30.
Gilman (Holdings) Ord.-0 International Conjuro—1004 Ed. Turner Newall Ord-71 7. Unilever Ord-1940 190. Wiggins Teape Ord-s od.
Chemical
Imperial Chamicat Ord-toe, Moninio Chemicals Ord-Ra Jd.
Claemka & Television More Empires Ord-ils $0. Rork
Ord-15% Bl
Bioli Teatr Dd,
Paper Bowater Paper Ord Cts 3d. De La Rue Ord-08a 3d.
Tobaccos British-Amer. Tob. Ord--138. Carreras "B" Ord d Imperial Tobacco Ord- d. afutera
Britlah Motor Qrd17. Hawker Siddeley Ord-D 11. Jaguar Cars Ord-10s 43rd. Rali-Toyce Oro-44 4154. Western Aircraft-10s 6d.
Texties Bradford Dyera-17 S. Calico Printers' Ord-161 Del. Courlaulds Ord-44 1054d. Fine pinners Ord-20 34. Lancashire Coilan Ord-59 d.
rewaries Distillers Co. Ord-425.
Guinness Attur) Ord-7s 3,
Ind Coope
Blores
Hd.
Great Universal Ord-s House of Fraser Ord-603 71bd. Lyon () Ord-108 Marks & Spencer-100-15
Tate & Lyle Ord-Ms
74
ild. Woolworth (FW., Ord.--dio 3d, Bowniaker
10. Canadian Pacing Ord—14715,
Steamship Ord–102, 101gu. Fursatal Land Timber-125 5d. Furness Widy, Ord-478 Bd. Hongkong & China Gas-15a. Hudson Hay_Co.-10-1/10. Indo-China Def, Ord-234. Land Securilles Org—3a 3d, P. & D. Stenin Nov. Det..432 10150.
Ud.
De Beers Def—lim 795.
Landau Tin Cord-17 4:50. Mount Kis Gd.
Petaling Tin-12 04.
Rhodealun Anglo-Amer, Ord-50s
Ko Tinta (Bebrer)—40# 7144. Roan Antelope Capper-de 11511. Union Corporation # 30. Welkom Gold Mining==128 C11, Western Holding-100 10150.
Rubber & Tex
Angio Indonesian Plant-se 711⁄2d. Ceylon Tea Ord=285 Id. Imperial Tea Ord=18. Kuala Lumpur-itepong-2 Bd. Lambak Rubber-598.
-Reuter,
31
#
Electric: 3741
Telephone...
$315 B+
G.I. Cement
Dairy Farm
Walco
Alled Divest, Textile
Nanyang A Rubber
Rubber T. Realty
KAD
30%
451 4735
0.05 8.15 2500 sa 6.35 14.30 14.50
2000 1415 0,91 4.05 2000 4 0.05
6000 000
500 G 0.039 11001 GÌ 51 8.10 1000 VOS 2.60 2.620 20000 2.025
5000.00 10000 2,00
02% $35 1800 8375
700 32 çoq u 63
15.00
300
500 e 10.00
1000 15
25.ED 20.20 1000 20
3.20 DIG B00G 5,30
13000 of B
Int'l inv.
H&FE
inv. Gunion
Sincere
13 130 131
Penk Tram]
TON
200
Waterbont
131 319
Cuy Hotel
23
Humphreys 20.10 20.40
Star Ferry 203
200
Macho Elee 145
HK Rope..
28,00
Amay Car
XD
Lone. Craw 705115
Exchange rates
Business was done in the local Unofficial
exchango Market
Bil
merning of the following rates: U.S. dollar (per $17
0.75.
Sterilog noten (per £1)
15.02
Australian notes (per £1)
12.03
Indonesian rupiali (per 100) .. 3.45 Slam touts (per 100)
24.07
Singapore (Stratis)
1.80
COMMODITY PRICES
US. imports of
coffee from Angola still
normal
Washington, May 15. Government coffee experts said yesterday U.S. coffee Imports from Angolo are expected to continub in unless volume,
in
normal
internat
troubles
Angola should
cause any
decrease in Angolan sup-
plies available for
portation.
Ex-
However, even If production
In Angola sent this year, Angola is believed to have a
SPORTATION
British research
ship scores four Antarctic 'firsts'
London.
large carryover of coffee from The British Royal rosearch ship Shackleton,
1960.
United Press International checked expert reaction to re- porty that burning of come coffee warehouses and move- incht of workers from
some pinatalions might cause a re- duction of from 20
to 50 per cent in the Angola coffee harvet from May to September. The reactions were in terms of per sonal opinions, and not official "atatements."
STATISTICS
scored four Antarctic "firsts" during her second voyage undor the command of New Zooland-born Captain David Turnbull, tho Colonial Office said hero.
The versel which sailed from mountain range running from Southampton with stores utxi South
the Georgia through Sandwich and South relief persantel for the Falkland | South Islands dependencies survey en Orkney groups 10 the South September 27, fast year, is due Shetlands and other research back at Southernpton on May work.
10.
After the Clerke Rocks land- During her voyage men of the ing, made under extremely dif Agriculture Department ex-dependencies survey-the long-felt conditions, the vessel next sailed 10 Zavodovy 1 island perls, who prepares the United est-established continuous pro- (South Sandwich group) where
the main crater was emitting
States estimates of world coffee jeel in the Antarelle look frg:- production said they have not ever geological samples cloud of steam and hot gases. yet received
Recks, of Clerke
Car South Sho any reports coffee destruction in Angola on Georgia.
a scale which could be trans- They also went ashore on lated into statistics of supply three volcanic Islands in the and demand.
South Sandwich grip, making what are believed to have been the first landings ever,
In Its last published estimate, the Department estimated Argola's coffee production in the year from September 1, 1000, to October 1, 1901, nt about
2,400,000 bogs, compared with 1,000,000 bags lu the cuffee year of 1930-1900.
MAGNETIC SURVEY
Until February this
year Shackleton was working in sup port of the British research ship John Biscoe in the anneat relief | of bases in the British sector of
Bid
Д
The Agriculture Department the Antarctic. will make it next world coffee At the same time she took production estimates, Including part in a magnetle survey of tho Afrien, in the later part of June. Scotia Are the submarine
The Agriculture Department Experts noted that Angola cof- fea, which is chiefly of the
had Robusta variety, has good demand in recent years. 11 is considered to be superior to Robusto
produced in other countries, And many enters largely into the produc tion of soluble coffees.—UPI.
coffees
Norwegian tanker
commissioned
to boost Pl clothing industry
Manila, May 15. The Commerce Department announced today that an
moved on to nearby Visokol Island where survey personnel made what was be- Reved to be the first recorded landing from a boat.
Treo inen went ashore In the first-ever landings 02 Lenkov: land lo the cathe volcant group and the versel next visited Candlemas Inland,
From there a bost party made the short cross- ina to Vindication Island and larided in two places - the Arst humans ever to trend a shores.
Later in the same voyage the Shackleton crossed the Antarc- the eltele for the Arst Ilme in three years, and in mid- February was chartered to the South African government for the second year in nuccession.
She arrived ut Cape Town on March 7 and has since been
rellef making
Voyagea meteorological stations South Atlantic in connection with South Afrlea's Antarello
Special.
Asian productivity team Programme. ~ China on garment manufacturo will set up pilot demons- tration plants hero to boost the Philippine cloth- | ing industry.
"The group,
composed
of
Japan Air Lines report profit
to the
The Norwegian oil tanker
Norsk Dratt for Mil American specialists, is under At Japan Air Lines annual
workt for 5. G.
be general mooting to Tankrederi A/S, of Oslo, contract to
Yulke and
N New company
hold in Tokyo on May 27 has been completed, by
York, a firm commissioned by
1961, the Board of Direc- Harland and Wolff Ltd the International Cooperation
tore will ask shareholders at their Govan, Scotland, Administralen Industrial Deve- shipyard.
to approve a 5% dividond (approx £201,806) for the year ended March 31, 1961, to be distributed to privato shareholders. This will make the third con- secutive year that a 5% dividend has been paid. The major purt of this dividend will be paid in the form of Company stock.
lopment Centre Asian Pro- Norsk Drott has a deadweight ductivity team. capacity of 28,300 tons and is It plins to manufuelure cloth, propelled by a turbo-charged 7- using as much as possible only cylinder diesel engine of the local raw materials, lato gar- Burmeister and Wein type. The ments through a “cul, cow and accommodation for the crew is trim" process, fully air-conditioned.-LPS,
Agreed merchant
rates
Belgian Frances, Selling, 858.
EXPAND EXPORTS
Commerce Scer:faer Manuel Lim said this would expand the
of ready- country's exports mato dresses to all ports of he world. He added it would also mean more employment Maximum mord Incom
UNIT TRUSTS
First Hongkong Fund; $1.34 (buyer), 81.43 (seller).
Second Hongkong Fund: $1.01 (buyer), $1.07 (seller).
The team will set up three Initial pilot
demonstration plants in towns around Manila, The Philippine Association of Clothing Manufacturers mean- time reported that Japan, Hong- kong and India outpaced the Philippines in converting cloth- ing materials into finished goods for exports.-UPI.
E
The airline cached a nett pro- f of approximately · £371.836 for the year, which flgure repre- sents an increase of 49% over the profit for the previous year. Earnings of approximately £18,000,724 and expenditure of approximately 17,034,880 rep-. resent equal increases of 31% cach over the previous years
Agures.
The Board of Directors bas also decided to put before the shareholders meeting, a plan for an Inercase in capital from the prezent £10,003,000 to £11,- 043,087, within this year.
PLEASE GIVE GENEROUSLY
Star
30.00
American Contract
May
30.30
May
RUBBER
SINGAPORE
Juny
Closing Prices all in Stralls
20.03
cetils per lb. fo.b. Malayan
24.03
ports:
Hay
NEW YORK
Rubber futures closing prices,
all in cents per lb
itơ, 1 May
001%-2015
July
SAERBES
Ito, 1 June
No. 2 May
001-93% 0032-001%
Mix Contrast
No. 5 May
0012:00
Rex Standard
No. 4 May
May
Spot rubber unbalad
May
JuJy
31.30
31.20
31.40
20.30
anket crepe...
0914-2015 unquoted
July
Dot.
Sent.
31.00
30.13
No. 1 pale crepe
unquoted
Nov.
Jan.
30 DO
30.70
AMSTERDAM
Dec.
Mer.
30.75
30.04.
per kilogram, c.l.f. May.
No. 1 rubber
No, rubber
No, 3 rubber
No. 1 creps
Closing prices ali in guilders
43 buyer
7.43 buyers
2.40 buyers 2.03 nom
-UPI
May
July
ECASSELS.
FOREIG
Donations may be forwarded to
The Hong Kong Anti-Tuberculosle Association,
c/o Lowo, Bingham & Mathews, Alexandra House
or sont
c/o South Chinë Mòining Port, Ltd.
STOCKS & COMMODITIES
WHEN
SILL
WHEN
TECHNICAL
ANALYSIS
On Stock Trends
PERENNIAL TRADING CORP. 610-$15 Edinburgh use
Tiên Kon
Tel: 14%,
304-
COTTON
NEW YORK
diging prices alt in cons per lb.:
Apot
Dec,
May
July
NEW ORLEANS
Closing prices all in cents
NEW YORK
Closing rate.
CAMAN England pricin
po-Bay
New Zealand
"Diners "Unemängéd ZUPI,
27015
METALS
NEW YORK
Closing prices all in echte per Ib.:
per lb.
July
90%.
Dec.
Lead May
MAT.
Zine
JEIZ May
"LIVERPOOL
Cloning - price ai în pence | Copper May
July
ber, 1b.:
A ̈ recent, addition to tho' British scene; the "Minicab," collects o pattunger from, a kandon surburban station. - : Minitabs, contrasted here with ife traditional kondon taxi-cabe in the background, bro chauffeur-driven -- hire cars of the family saidón type which can be ordered by telephone, and operate at cheaper rates than regular tests. On the other hand they do not have the Heidradim of generous luggage upace of the London-siyle taxi, and cannot at prevent ply for him.
No comments yet.
Private notes are available after approval.