1961-05-24 — Page 2

THE CHINA MAIL, WEDNESDAY, MAY 24, 1961.

Wall Street closes HONGKONG LONDON

Selective

salos

New York, May 23.

In the afternoon loft stocks Irregularly lower at the close today with volume moving upwards in the final hour.

Steels, buoyed by a further rise in industry pro- duction went against the trend, featuring gains of more than a point in National Steel and Youngstown. But rails, utilities and motors generally were down fractions.

Leading chumleals mixed.

Electronles

were

Delaware & Hudson Ca were

Diamond Alkal

Diamond Nat!

Diaters SeaKtems

agias Aircraft

widely

Dusent de Nemours

mixed featuring gains of around Ave in IBM. trading ex- dividend, and Haveg.

Today's volume shores.

Dow Chemical

Eariern Air Line

Fastian Kodak

18%

00

4514

401

Motortilą Inc.

lower

National cult Ca National Cash Beg. "A"

National Dairy Prod. National Steel Corp. New York Central

National Id

Noranda Mijar e Lidi

Hertek & Western ry.

North Amer. Aviation Northven Airlines (Com.) Öklabama Nat. Gas

Olin Mathiemon

Dils Elevator Owen-1nol

Oxford Paper Co.

Pelic Can & Elec.

32: Pan American Airways

TOZA

Parstont Pictures

Parke Davis Co.

Penny J. C. Cu.

Penn, Salt Co.

212

2014

1132,

El Paso Natural Clas

PEP

Pit Marr{s

434%

4!!

was 3,600.000 Family Winsen Corp.

Ferro Corp.

Of tutal 1.207 shares traded, 404 were higher and 507 tower,

American Exchange volume was 1,070,000 shares.

Bonds volume amounted ta $5,670,000.

Filestone Tyre & Rubber Fint Nat. City Bank

Ford Moto

Geoigla Paciste General Dynamics Generat Electric

neral F}*

Generri Motors

Gen. b. U

Gen. & Elec.

ג'מה

E

Pitney Bowes

Procter & Gamble Co.

Pargh Plate Glass

Portland Gen. Eleg.

Publicker Industries 7324!

30% Pure Dil

Statin f'orporation

70 taille Corp. Pref.

Baythear

204 lepubile Steel

leynolda Metal

Teynolds Tobacco

43

273

den. Tyre & Rubber

Gelty it

20

30 Industrial

700.59

146.40

Dow-Jones closing averages:

20 Rolls

lidden Co

Gendrich, KA DO.

Geer Tyre

113.32 Great Nanthera Hallway

Staval Fank of Canada 421 toyot Dutch

Cheern Mt.

4211 Beavy, Rochuck & Co.

412 Shell C Co.....

Safeway Stores

15

Ulitics

65 Stocks

233.15

Grummen Aircraft

Guir O

40 Bonds

B5.87

39

Hammond Organ

Saint Hee, Paper

349

Schenley Inc.

Comm. Futures Prices

Index

145.41

Heyden Newport Corp.

Walker....

271

40

Brot: Paper

Honestake Mining Co

44

Hmmon Refrig

10

Idatio Paver

Imperit Ou

Closing prices

Allied Chemicals

Imperial Tobacco

Inger-and

Toland Steel Co.

Interellest Corp.

In Pusine Machiner

Harvester,

Smith, Kling & French

Sieger Corp.

sinclair O

6314 Sheony Mobil all :... 401

South Puerto Rico Supor

149 | Bouthern Co. (They

בלת

121, Sleen Rock.

Sterling Drup Co.

905, Stokely-Van Camp.

1+

Stone & Webster

Studebaker-Packard Corp.

Sunshine_Mining

By | Tinted Glas Corp, 2015 15. Gyprum

JUN 1,08 Co. 19. Rubber BUS. Smelling 60118, Steet

US Steel 7.C. PR

3331-

105

5412

501

STOCK EXCHANGE

Our Own Correspondcuf

Business dune at the Hong- 3416 kong Stock Exchange

DA

10

140

in

Warner Troete

1107

Waikerho Motors

47% Westinghantre Air Brake

2014

2011 Westinghoure Electtle

451

Wertesh Union Tel. Co. West Va Pulp & Paper

Winn-Dixie Stores

Woolworth K. W)

Zenith Narko

this

morning amouned fo ap- proximately $3,140,000. Noon quotations and the morning's transactions;

Shates Dayerò peliris

410 IK Dad: ..

418 100

Saler

30 424

1000

100

420

120

420

10 422

4u w 18

E. Ana Lombard

240

49

301

Talkoo Doch NK G...

721. 24

New York

sugar market

Now York, May 23.

World No. 8 sugar futures

Whart

Wheelock..

today closed unchanged: UK Dock eight points higher Providen! with sales of 187 con-

to

tracts.

Domestic No. 7 sugar closed HK Hotel.. unchanged to 3 points higher HK Land with sales 173 contracts

A wider trade participation

in the world contract pointed

up the firmer raw sliyatlon. HK Land

in the world spot: Feature market was the reported

raws

21.30 25.40

204410

20343

100 215 J500 e 21.49 2000 21.40

STOCKS

IMPROVE

London, May 23. Selective buyers gave tho Industrial list afirmor look today in quiet trad- Ing but the leaders only measured their gains in

in

The selling trickig that mark- ed pre-hellduy markets had a parently dried up, except government bonds which lost ground with 10lls

- 10 up £3/16ths.

Dollar stoein Phye

atrixed display, Chrysler two pints up. US bleet off two, Bellikmam op

14 and international nkkel up

one.

Grej bonds gulned around

2004 2133 ene poln and Japanse asented

1000 21.40 į

tn

10.00 10.00 4000 hotched gains up to £14. starred Selection trust otherwise dull coppers and put on 37 to nearly 87. shillings, 16.70 Resumed easter buying put 500 16.00 tina back en the upttack after their recent selbuck.

3000 17

10.00

TUDO

16.00

BQHD

16.th

1000

100

300 741

34

50474

200 74

160)

74

sale

tight Yettmatt

49

60

112

413

IJA

130 500

130

200

135

IK Tram

3000

3

Ch. Light

37

$900 2012

of

100

300 or 30%

100 37

500 / 38

to an operator of 48,000 tons of Brazilian

for Japanese Chilean destinations $77.10 and $76.28 a motele ton. #respectively, fob., August 15- September 15 shipment from a C3% southern Brazilian port.—UPI.

Southern Natural Gas

Ablubi Pwr. & Paper

报

Aldea Inc. Acy.

45

Southern Pacifle Co. Southern Railway (Com.)

2376xd

54

Aloha Steel Corp

40

430xd Sperry Road...

32

01

6342 | Stundhed Brands

Allied Mills Inc.

4414

Allis Chalmers

International Paper

Interntial Nicked

DO

Standar: Oil of Cal.

5122

34

Storit Oil of Ind.

Baxd

and

Am. Drake Shoe

Int'l Tel & Tri

51

Standard Oil of NJ

437

American Airline,

Keiver Industrion

Am. Cable Radio Corp.

Hanya C Power & Ligh

70

Amarlens Cyanamld Co.

431

Rancott Coper

Am. & Foreign Power

1-

Am. Gai & Electric

Khimberly Cirk

otta

färgett & Myers Tub. du

851

21015

taly Tull,

Go

54

Fition To.

120

Swift & Co.

Lugkleed Aircraft

41

Техан Со

19

Tw Theorg

242

Textron Inc.

Lone Star Cement Co.

Cat

Lorithard P

525

Tide Water Oil

125

Lowenstein & Sons,

15

The Inc.

70-1

MeDetmist 2. Stay

44

Traders Finance

201

McDonnell Alteraft

24

Merek

B3

Tri-Cent. Watrants

Armeo Steck

701%

Merabi Iron Corp.

115

Armour

404

Minnesota Minteg

121

in Carbide

Twentieth Century Fox Film

Ashertos. Corp.

2014

Miraton Development

243

inlun Oil of Cal.

Atlas Copa. Mining

Monsanto Chemical Co.

Union Packfle Railway

Baldwin Lima-Hein.

1614

Montrestinl

sat

United Afteraft

bank of Montreal

Ballimore & Ohto

334

Montgomery Ward

2) United Fruli

American Einriting

Am. eine Prod.

Am. Mach. & Páry

American Melai

Am. Natural Gas

Ain. Sugar Dok.

Amican Tol & Tel

Ampex...

Anaconda Copper

Amerten Tob.

501

Thlokol Chem.

Travellers Inc.

London metal

London, May 23.

11K Elec.

37 37+

021 53!

0512 0012

HK Tele.

G.L. Cement

Dalry ForIN

Waixo!!

0915 3016 10 400

Altfed : Textile

Nnayang

"

15.10 15.40

was steady

The copper market ppened on firm noto today and a very after moderate trading, it finish- ed 2% higher on the day.

The in market today.

2046

Į lavest, 12.30 12.40 04 13.25

A. Hubber Both lead and zine were also Rubber T. steady,-UPI.

COMMODITY PRICES

SUCAR

Bank of Nova Sculla

Beech Late Savers

13. C. Tel. Co

Bell Telephone

Bonencial Finance

Bendix Aviation Corp.

Benguet Cens.

Bethlehem Steel

Buring Airplane Borden (The) Co. Burroughs Add Machine British Amer. On_.......... British Columbia Elec. British Columbia Pwr. Calif. Packing Corp. Cano. Bc. of Comm Cana Prewers

Campbell Soup Co.

Canadian Pacßle R.

Cat. Tractor

Celanese CurD.

C. T. Financial Com

Chose Manhat. Bank

Chrysler Motors

Cluets Peaborly

Colgate-Palmolive Co

July: 2.45-46; Oct; 3.36; Mar: 5.21;

1 May: 948; July: 3.10; Spot-Work

Avenge): 3.40.

Total Sules: 181 contracts,

Open Interest: 1,118 contracts.

Contract No. 7 (domestic)

July: 0.37; Sept: 0.51; Nov: 0.50; Spot-Bulk, dufy paldi: 0.42.

Tolat Sales: 171 contract.

Mterest:

2,532 contracts. -

Case (. 1) Qu

1101

May

July

NEW YORK

Oct.

Clusing prices, all in veals per

Dec

Mar.

ib.:

Contract No. 8 (world)

May

July

Colombian Carbon Commercial Credit

AB

Coming Girse Worke

17217

Consolidated Edison

AI

Consolidated Paper

42%

Consumer Cag

1814

Continental Con

空

Open

Continental Oil of Del.

UPI.

Creole Pet

30

Crown Zellerbach

501

Crane Co.

Cuban Amer. Sugar

STOCKS

WHEN

SELL

COTTON

Mixed Contract

388338 2992a36

RUBBER

NEW YORK Rubber futures closing prices,

No. 1 rubber

7.48 buyers

No. 3 rubber

No. 3 rubber

No. 1 crepe

236 buyers

2.34 buyers 2.00 bierz

LUPI.

METALS

NEW YORK

Closing prices, all in sterling

3-month

งงง เป

6.70 4.00

; לארי

300 13% 500 3745 500 4 1 2300 $3 1500 53

100 00 200 Fr 00

3000 6 12.40 2000 vs 0.40 2000 8.30 0000 19 15.30 5000 15.20

3000 or 3

Offs were narrowly irregular. Teas firmed but rubbers were quiet.--UPI,

Closing prices

British Government Securities 2. Consolidated-£41-18/15. 31 Conver£651

3, Savin 1955/0512-5/10.

1066/70-£79-1/IG. Savings 1985/23-272-7/19.

Oversee Bonds

3. German (Dawes)-64) 5. Jupanese, Assented-155. Banks & Ingunner

Barclays Urd-92 8d.

Chartered Bank-50% 0. Guardian Atsurance-157 91. Hongkong Bank-102 Lloyds Bank-73

Lumbard Banking Ord.-229 7. Prudential Assur -£27-3/10. Royal Iurance Gid-170 Du

Qu

British Petroleum--30 d. Burinal Olt-405 .

Shell Transport Ord-101s dd. Buyal Dutch-El2. Ultramor Company-33m 3cl.

Beck & Engine 1. Babcock & Wilcox Dorman, Long ---30

d.

Guest, Keen Ord-103s 3d. Harland & Wolft. Det171 S. Stewarts & luyds Ordt-55%. Summern & Sons Ord-dos Oct. Tube Investments-78a id. United Steel-65% Pd, Vickers Ord37a, fall.

Electric

2000 or 15.10

B 8.15

1000 8.19

330 0.10

2000 1.16

2000 of 8.10

HK Realty

232

2.80 8300 2.80

10000 # 2.775

Assoc. Elec. Industries-43 Elec. & Mus. Industries-44 4. English Electric Ord-35 6c. General Electric Ord-374 5d. Philips Lamp Worka-211-13/32. Rediffusion Urd-428 754.

ct.

10000

2.775

74d.

1000

2.00

2000

773

10000 6 2.7

2000 2.80

10000

5000

2.775

3000 ch 7.35

20000 2

20000 2.723

2000 + 2.30

10000

23

2000 2.775

10000 » 2.775

(N)

3750 1 2.60

1250 or 2.00

City Hotel.

33

100331% 4336 33

83 33%

4.20 51% 20000 * B33 4000 3.15 10000 + 53 13000 a 350D 50 $1 400 A DOS

40 to 30

26000011⁄2 200210

400 € 213

20 20.30 1000 & 20 3,80

1000 03.03

Agreed merchant

rates

Climan

Closing prices all in cents per

K*loon Bus

11:

Lead

Stay

10.37

July

10.40

Zine Moy

1120

July

11.

Copper May

32.5

July

22.85

Star Ferry

Craw.

212

51 01

200 31

HK & FE

LONDON

all in cents per 1.

Inv. Sungala

REX

Standers!

May

31.20

31.20

July

31.20

31.00

per long ton.

Sep.

5025

30.10

Muyer Sellers

Nov.

30.15

30,00

Tla zpat

#70

Jon,

30.00

20.05

NEW YORK

Mar.

29.05

Cupper sput

0724 247

B73

247

Closing prices all in cents per

May

29 US

24754

248

SINGAPORE

Lead sout

ib.:

Spot

34.20

July

33.31

cents

3+mcath Zine pot

3-mont

621

02

Oct.

33.11

ports:

UJI.

Dec.

34.55

No. 1 May

077-04

Mar

35.05

No. 2 May

WHEN

May

33.31

No. 3 May

875-8712

July

15.25

No. 4 May

0334-841

DUY

Sept

34.27

Spul rubber unbaled

670-30

Dlanket crepe

7316-7435

9214-04

lb.:

Spot

Oct,

Dec.

Mar.

1 Mny

Closing prices all in Straits

per 1b 10.b. Malayan

NEW ORLEANS

Closing prices all in cents per No. 1 pale crepe

LONDON Closing prices all in pence per ib.:

TECHNICAL

ANALYSIS

On Stock Trends

Research Dept. PERENNIAL

TRADING CORP. #16-810 Edinburgh Housa Hong Kon

Tel: 24040, 38384

SAO PAULO (Closing prices all in eruzeiro per kilo)

Average price in US at 14 desip- nated spot markets: 31.00 cents.

Total sales: 15,981 bales.

per lb.:

LIVERPOOL

prices all in pener

Oct/Dec.

07.2/3

FORLIGN LACHANGE

LONDON

Cicsing rates: New York Montrent

Amsterdam

31.75

33.27

34.07

34.51

No. 1 BBDʊt Settlement house term:

26 1/10

35.01

June

28-2016

33.27

Jaly/Sept.

2011-2014

3in./Mat.

2016-201 2015-20)2

Apr/June

2013-2015

Geveral markets,

cf.

basis ports:

June

24-251%

July

254-2574

Etste crepe

thin July

Closing

Thick July

American Contract

Closing prices all in guilders

Vientia

Zurich

Moy

24.00

per kilogram, cl.t. May:

AMSTERDAME

Brussel Copenhage Frankfu Lisbon Ovlo Parts Stockholin Bilan

Canadian $ maximum selling 17, minimum buying 17% TT 17-3/10 O.D.

West German Deutschemarks

maximum selling 68-5/16.

UNIT TRUSTS

First Hongkong Fund:

$1,33

(buyer), $1.42 (seller).

Second Hongkong Fund: (buyer), $1.08 (seller).

$1

2.7914-2.797 2.75-2.75%

10.03-10.03

139.50-130.35

11.00-11.05

60.13-10.25

28.004%-20.00% 13.00-13.0 14.30-14.40 17:2394-17:34 12.10-7201 12.0912-12.0015

Exchange rates

Busineun was done in the local unofficial exchange marke! this morning at the following raten: 11.5. dollar (per 11).

Industrials

Assoc. Portland Cement-04 Hourume Marden Ord da Dư Borax (Holding)20 34.

Decca Recorda Ord-720 75. Dunlop Rubber Ord-2

Flour Ord-533 94.

Od,

Oman Holdings Ord.--0 3. International Computer--1621. Turner & Newail Ord. (Da 10igd. Unilver Ord-153 1.

Chemicals

Imparial Chemical Ord~70 3.

NSPORTATION

U.S. exports more,

imports less from Asia

Washington, May 23: United States trade with Asia in the first quarter of 1961 compared with the same period in 1960 was marked by higher exports and lower imports.

excess of able today? United States ex- The Uited Stoles.

to southern, exports over Importa was up-i ports

suuthepat eastern Asin In large part to and

during rently due United States

shipments of January-March 1961 were valued at $924,137,000 compared surplus farm commodities and

assistandee to foreign

with $790,210,000 in January- gramanes.

March 1000. (This area does Include Westem Asla, not where much of the trude is in petroleum and oil products.)

pro-

According to Commerce De- partment statistics made ovall-

Boom in freight charter market

London, May 23,

bn-

The tramp frolght charter

market is currently Idying its greatest pro

spority in more than four

shipping years,

reported today.

United States imports from

southeastern southern,

and eastern Asin in the first quarter valued at $500,085,000 agalost $590,553,000 3rt first quarter of 1980.

were

United States exports in first

1901 quarter

cumpared with

first quarter 1000 Included:

To Japan. $437,137,000 against

To Indonesia, against $31,107,000;

sources $329,830,000:

This prosperity is due largely to increased shipments of can-

The Philippines

against $74,215,000;

$42,031,000

$77,342,000

$40,001,000

modlits 10 the For Enal, Το Hongkong, principally to Japan and Com- cgainst $30,047,000;

Transportation munist China.

To Korea, $17,201,000 against routes on these commodities have $47,078,000; and

to Taiwan,

reached new post-Suez peaks, $38.131.000 against $25,247.000. with further increases expected

United States general Imports

in the months ahead,

The Japanese are chartering from the same countries during January-March 1881 compared increased tonnage to carry

grains and scrap incials to feed with the 1900 quarter ing'uded;

their booming economy Com- From Japan, $228,040,000

munist China's intensive drive against $275,000,000;

wave

to secure shipping lo carryi From Indoncala, $38,020,000 groins and sugar has brought against $51,950,000; about an almost unprecedented From

the

Philippines $74,- of chartering in one 022,000 against. $79,000,000;,, direction.

From Hongkong. $20,607,000 Serious droughta in mainlund | against $35,847,000;

From

Korca, $1,287,000 Communists to Import hundreds against $863,000; and

Monsanto Chemienia Ord-235 7160. China have forced the Chinese

Cinemas & Telovilon Moss Empires Ord-144 Paů, tank Organisation Ord-348, Stoll Theatres-ba 105d.

L'aper Bowater Paper Ord-04% Dil. De La Run Ord-07 84. Spicers Ord-82% 30. Wiggins' Tenpe Ord-07% 9.

ТОВЕССОТ Brian-Amer. Tob. Ord-723-442d. Carreras "B" Ort-40 Tad. Imperia: Tobacco Ord-co■ 7:50. Motors

British Motor Ord101 30. Hawker Siddeley Ord-s 44. Jaguar Cars Ord-100. Rolls-Royce Ord—141⁄2 03. Westland Aircraft-Its 7.

Textile

Callco Printern" Ord-14% 714d. Courtaulds Ord-42 10.

of thousands of tons of grains From Talwan, $7,033,000

and

frem Canada

Australia,against $4,310.000,.—UPI, Contracts concluded so for coll for the shipment of 217 million bushels of wheat and 58 million

bushels of barley, worth about Chamber of Commerce

wheat to

425 million dollars, to China during 1901-03. Australla It- cently announced the sale of an additional 750,000 tons DI

China for

July- October shipment,

along accounted Japun

for Aid nearly one-third, or about two million tons of the world's total of tramp shipping lost month, of these shipments were as much as 40 per cent higher than In January this year.—AP,

Pine Spinnerettan Ord-60s 4. and

Ord-208 Gd.

Lancashire

41⁄2d.

Breweries Distors Co. Ord-40 Guinness (Arthur) Ord-56n Cd. Ind Coope Ord-23s 145

Stores

Great Universal Ord-631. House of Truser Ord-07. Lyons in "A"" Ord-101s 2d,, Marks & Spencer "A" Ord-11. Tate & Lyle Ord-52s Dá. United Drapery Ord-70s 8d. Woolworth F.W.) Drd.-30.

Miscellaneous

Bowmaker Ord-Zia 7:50. Canadian Pacife Ordin$49!'. Cunord Steamship Ord-109 Gl. Forestal Land & Tinber~12 dd. Hongkong & Chinn G-15. itudson Bay Co.—£9-13/10. Indo-China Det. Ord-233 Land Securities Ord-Ja

P. & O. Steam Nav, Def-420 750.

Minea

Pritish Tin Investment-42 64.

o Beer Del-113 d. Mount In--54.

Petaling Tin

Rhodesian Anglo-Amer. Ord-58

Ho Tinto (Benrer)-din 3d. Roan Antelope Capper-6s 77%d. Julon Corporation-43 15d. Welkom Gold Mining—126 Ed. Western Holding»-111# JÚ.

Rubber & Teas

rates on some

Lower air cargo rates

Congress

Copenhagen, May 23.

to under-developed liberalisa- countries and tion of world shipping and air transport will bo two of tho subjects dis- cussed by the 18th Can- gress of the International Chamber of Commerce, which formally opens hare tomorrow, Other topics

will be plans for a Latin- American Common Mar- ket and projects for an Asian Common Market

ored.

Now York, May 23. The lower air cargo.rates across the Atlantic could result in lowering other world, rates around the industry

sources pro- cuss woys

operation

dicted today.

The Congress will also dis-

df increasing

--10

between industrial

The Atlantic rates, to become and primary producing coun- effective on September

1, violent short-term fluctuations in

iries with

红

view to reduce

expected to undercut rates on commodity, press.

traditional trade routings on a

number of commodities.

The Congress is belog attend-

Corgo from Europe to Japan,ed by

some 2,000 business

for example, traditionally has leaders from 47 countries.

The delegates today attended

moved via India. But because

Anglo Indonesian Plants 30.

fot the lower Atlantle rates preliminary elcted committeo Ceylon Tea Ord-27 3.

Information of the will be cheaper to move many meetings Imperial Tea Ord-zia 10.

of the

International imperial Tea Ord-103

items vla the north

Atlantic, Bure Kuala Lumpur-Kepong-3 74.

through the US. and across the, Chamber of Commerce-China Lambink Rubber-838 54. 27.00

Mnil Special. Pacific to Japan.—AP. -Reuter..

761

UPL

Sterling notes thee £1). Australian notes (per 1}

Indonesian Rupiali (per 100) 3.40 Sam ticals per 100) Singapore (Strate

12.03

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

JAPAN AIR LINES

CONSULT YOUR TRAVEL AGENT OR JAPAN AIR LINES TAKING HOUSE, 20 DES VOEUX AD, C. TIL. 28043 (5 LINES)

PENINSULA HOTEL, KOWLOON: TEL.60660.84095

A

7A