1961-06-22 — Page 2

China Mail 德臣西報 中國郵報 All

THE CHINA MAIL,

New York

York market

New York, June 21.

The stock market showed uneven and re- duced activity today with heavy volume in just a few stocks featuring a cautious market.

Transitron gained more than three points on rumours that Western Electric has withdrawn its patent suit against the company. Texas Gulf Producing added a similar amount on strong buying.

American

Home Products udded more tin three at the top. Litton, Singer, Lerner Storen und Interstate

ment two or better.

Depart-

Blue chip industrials were

down bil on average, Aleon,

Diamond Alkoll Diamond Nat'l Distillers-Seograms Dominion Stores 'Douglas Alveratt Dow Chemical

Dupont de Nemours Fastern Air Line

Fastman Kodak

Du Point and International F Paro Natural Gas Nickel bring the weale spots, Family Finance Corp.

Ferro Corp

Severnl steels were up, Lukens | Firestone Tyre & Rubbmer and Armen being among the | First Nat. City Bank

Ford Matter leaders.

General Precision recalled an inue of convertible preferred and dropped more than two. International Telephone, IBM and Zenith ensed in the elec tronics, Varian and Deeltman running ahead more than one,

Argo fell more than a point in the oils but Amerada gained well over

American one. Chicle est about 21.

Today's volume was 3,210,000 shares.

Of a total 1,258 shares traded, 52 were higher and 476 lower.

Americnu

exchange volume

was 1,470,000 shares.

|

General Dynamics

General Electric

General Foods

General Motors G. P. Util Gen. Tel. & Elec.

Geo. Tyre & Rubber Getty ol Calidden Co.

Goodrich (1. F) Co.

allerny

codyear Tyse" threat Notheen

tuomas Aircraft

Gulf Oil

Jamurid Orga

fteyden Newport Corp. 1Bram Walker

Tumenlake Mining Ce

uzanan Refrig

Idaho Power

Imperial Oil

Imperial Tobreve

Ingersoll-Rand

Bond volume nmounted to Inland Steel Co.

$6,000,000.

Dow-Jones closing averages:

30 Industrials

20 Rails

15 Utilities

05 Stocks

Alden c. Acy.

680.00

140.30

Interchentval Corp.

In Dudness Machiner Int'l Harvester

International Nicke

Kaler Industrim

International Paper Int'l Tel Tel. 111.63 font-Manville Co. 227.04

81.52 Kansas C. Power & Light

Kemecott Copper Liggett & Myr Tob, ('o

145.55, Lily Tulip

Lewanstein & Sons.

cautious

Standard Oil of Int. Standard Oil of NJ. Steel Cu. of Ennada

steep Rock

Staring Drug Co. Stokely-Yors Camp.

Stone & Webster

Eitudebaker-Packard Corp. Sunshine Mining Uwift & Co.

Тохая Со

Textros Inc.

Thlokol Chem.

Tide Water Oil

The ine.......

Travelers Inc. ....

74%

416

IPAS

743

Traders Finance

74

2141

Tri-Con. Warrants

olen Carble

1062

Union Oil of Cal.

201

441

4472

450

Twentieth Century Fox Filin

Many

513 Union Pacific Hallway 949. | United Aircraft

73

257%

United Fruit

United Gas Carp,

UB. Gypsum

04. Line Cu

B01 | UM, Rubber

79.5. Bmelting

U.S. Sect

U.D. Steel 7.C. F

THURSDAY, JUNE 22, 1961.

HONGKONG STOCK EXCHANGE

Qur Own Correspondent

43

20

105

31

1].

037

Business done at the Hong- Stock Exchange this morning amounted to approxt- 59. mately $8,020,000. Nuon quota- tions and the morning's transne- tions:

100

Warner Bros.

70%

Sharea

Bayers Bellero

gales

Waukesha Moturs

4254

Westtrighouse Air Brake

2011

HK Bank

Westinghouse Electrie

43%

544

Western Union Tel. Co. West Va. Pulp & Paper

110

Winn-Dixie Stores

Woulwurli

(K. W.

34 17%

106

-UPI.

Zevitis Roetfa

nations

vie for

Malayan

trade

By Gregory Wong

Kuala Lumpur, (By Air Mail).

The Malayan peninsula has become the land of "soft talk and big sell" as representatives of various countries are vying to sell their pro- ducts here.

from

(Lon

Neg.)

F. Asla

+22 424 400 422

II Bank

1:0

Wharf Co. Taikoo

210

751

113C Ga....

20 421

100422

40 6420

422

110 # 424

50422

20 420

4422

100 424 100 - 425 20 44 474

2006 304

100 / 400

100 68 77 000 77% 2003 77% 2000 1

100 7715 200701S

23,40 2311⁄2 1000 2,40

1375 46 23.09

500 or 23.70

1000 20.00

500

231%

4230

23.60

6570 m 231

212021.40

230 et 23.60 500 + 231⁄2 200 23.60 1000 23.40 600 23.40 1000 41 231

1500 or 23.40

Wheelock 10.00

17 0000 e 17,10

13000 17

2009 * 10.90

1000 to 10.970

114

EQU 113

20

300 or 351⁄2

Dock

Since the beginning of the celyed for H wide range of five Austration-manufactured goods year, busivamen 10% countries have visited Malaya and capital equipment, including Provident..

heavy In high-powered trade teams to pipes

tubes, and

Do improve their sales in the terri-machinery, electrical switchgear and cables, structural building tory,

materials and steel,

**

AGY

zit

*

First came the Japanese with "portable" million-dollar trade fair, then the big-name

49 British teain. This was follow- ated by the semi-offcial Ameri-

14

32 can trade mission and then en-

other

half-million "portable"

الله

110

dollar trade

fair from indio. 20% Now the Australians

are here

with their $3.5 million Boating

275% trade Inir.

40

Bones

Cumin.

Future Prices

Index

Lation Inc).

Closing prices

Lockheed Aircraft

Luews Incorp.

Abitibi Pwr. & Paper

$42

Lone Star Cement Co Kurs

Algoma Steel Corp.

Allied Chemicals

012

McDemel

Ray

McDonnell Aserait

Allied Mills the

45%

Merch

All Chalmers

251.

Mesabi Troy Corp.

Am. Brake Shoe

Plinteola Mala

Am Cable & Radio Corp

American Cynnamid C.

Mining Degerlopment

44%

himishale bristeal to,

Am. & Furga. Power

53

Am. Gan & Electric

Am. Home Prod.

211

04

Nutional Cash Reg. "A"

411

National Dalry Pind.

American Smeklug

National Lend

ねいら

Am. Sugar Ref. American 'El &

24

National Steel Corp

04

117

New Trak Central

American Tab.

0574

17

Nanda Mines Ltd.

EX

Norfolk & Western Ry.

Anaconda Copper

0734

No;th Amer. Aviation

Armco Steel

76

Northwest Airlines (Com.)

Armour

4034

klara Nat. Gas

Dun Mathieson

Ous ErvatorA

10%

Owen-Hinnady Glimat

3418

Oxford Paper Co.

04

72

Am. Mach. Falry.

Amerlena Metal Am. Natural Ga

Антрек

Asbestos Cary

Attus Cons Mining

Bettwin-na-Ham.

Baare & Offer

Bank of Montreal

Bank of Buva Scoti

11. Tel Co.

Be Telephone

Reneelal Finance

Sisteratini

Montemury Word

Alot The

404, National Buetit ca.

Partie Gun & Elre,

Pan American Always

51% Paramount Pictures

Parke Davis Co.

Accent

ол

This

heavy machinery is in line with the Federation $5,000 million five. усаг development plan and Slugapore's 5871 million four- year plan, both of which rely heavily on Industrial expan- sion.

Not losing

the opportunity, some of the members of the mission arc 0150

One thing common with all, Australian

these missions were that they investigating the possibility of Hware here with one thought in Joint manufacturing ventures

mind, the "hard sell." Business with

Malayan and Singapore

One such venture

envisaged

a cut-throat affair and the interests. tycoons knew it and there were sono qualms at taking bites at one is a $2 million plant for making

46 another's traditional markets. plastles in Malaya,

The Japanese

Other were here to

361 conmlidate their hold in various; investigation include factories 72% fielda-pome of which had been malting chemicals and

30

761%

3300 67 3514

1000 36

9000 A 30

0763294

2000 30

RK Hǝlel.

4014

47

500

47

IK Land..

70 701

E

2100 471 330047 1000 407

500 (47) 3500 422 215 6 TO 2000 or 7015

100 2015 430 Gr 70 100 1 100 6 515

100 138

Ris. 201

+1

441 60 21

Yatımalı

130

138

POD * 137

Hi Trom

4212

43

1000 43

120043}

1000 43

500 m2 423%

700 43

50043

500 of 42%

374 30 8200 20

1000 377%

Joint ventures under

Ch. Light

HK Elec.

381 384

certain

taken from the British. The types of paints and other things Britons came seeking a remedy which would be processed in for their declining market in Australia but given finishing 760 Malaya, while the Indians hopect touches in Malaya.

35

307%

to expand heir small share of It is also predicted that there BK Tala.

market. The Americans would be a sharp rise in

43% the i were snapping up the oppor- Malayan

tunity created by convertibility Australia, And freedom from trade 105- triellons. The Australians are here to boost the image of Aus- Jndus- tralia as an exporting trial nation.

#B1%

Penny J. C. Co.

D

Penn St Co.

14 Pillo Morris

Bethlehem Steel

Pititcy Bow

53

Bring Atrplane

43

01%

Precler & Gamble Co. Arch Plate Glass

Burroughs Add Machine

Portland Gen. Blee.

3

Publicker Industries

401%

Radio Corporation Radio Corp. Pref. Raytheon

72

Bendix Aviation Corp.

Bengurl Com

Norden (The) Co.

Britian Am. Co. British Columbia Elec. British Columbia Pwr.

Calif. Packing Corp Cana, ik. of Commi Cono. Brewers

52 Pull 34% Pure

Celanese Corp.

10415 Hepatate Steel

Reynolds Meinl

35414

Royal Dutch

Campbel! Soup Co.

Canadian Pacific R.

24

Cane (7.3) Co.

DT

Reynokia Tobacco

Royal Bank of Canada

Cat. Tractor

C. I. T. Financial Corp.

701

Rheem Mfg.

Sears, Hoebuck & Cu.

ne

70

Snell Oll Co.

Chrysler Motors

40

Seleway Stores

Saint Reg. Paper

Chane Manhat. Bank

Chell Peabody

malive Co.

Carben Co.

Coininercial Credit

Coming Glass Works

44% Schenley Inc.

Scott Pipert

43 Sir Oll

Sinclair

Saunay Mobil Of

12

Consolidated Edtnors

BI

Smith, Kine & French

Consolidated Paper

47

Consumer Gna

17

Soulli Pavrh Rico Sugar

Continental Can

40%

Continental Oil of Del.

Creole Pet

321

| Southern Pacific Co.

Crane Co...

333

Crown Zellerbach Cuban Am. Sugar Delaware & Hinkson

Southern Co. (The)

Southern Natural Gas

Southern Railway (Com.)

| Sperry Rand

16:9 | Standard Brands 16

Standard Oll of Cal.

$11 MILLION Although Malaya including

as Singapore imported nearly

15 i much trom Australia last year os it exporteri to Australia ($170 million against $188 million) :) needed this trade ship of indus- trial and secondary Industry products to really put Australia on the map for Malayan busi- nessmen as an exporting indus- trial country.

timber

exports to

Exports of various goods had increased by about 10 per cent from the Federation to Australia and 17 per cent from Austrollá to the Federation since a trade agreement between the kwo countries was signed in 1958,

Now the tycoons from "down- under" hene for a bigger boost.

Rubber

market

So far the floating business- men have transacted $11 million worth of orders, $4 million of Rex

23 which was placed by firms in

Singapore and the rest from the Federation,

Inquirles had also been re

SECOND HONG KONG FUND

SPECIAL OFFER OF 300,000 UNITS AT $1.03 PER UNIT PAYABLE IN FULL ON. APPLICATION

LISTS CLOSE

-

TUESDAY, 27TH JUNE, 1961

All shares included in the Trust Fund are shares quated 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 Kong Unil Fund Limited

7th Floor, Alexandra House, HỒNG KÔNG,

I/We hereby apply for

unity in the Second Hang Họng Fund at the niveṛtime

price of $1.03 per unit. In accordance with the conditions contained in the offer and subject to the terms

of the Trust Deed dated 14th March, t001.

17We enclos cheque/moṇay order/cash for $.

being payment in full for the number of unita applied for, I/We understand that the money will be returned to me/us in full if no Units are allotted.

I/We declare that I/We am/pre over 25 years of age.

SURNAME(S) (in English)

(Please alate Mr., Din, or Mika)

OTHER NAME(S) IN FULL

ADDRESS

SIGNATURE(S)

Telephone No.

Data

¡BLOCK LETTERS)

(In the case of joint applications all persone must sign, Corporations shout complete under the hand of an authorised officer where designation should be alated)

CM June 2

57 57

G. I. Cement

+ GB1

100 450

1903271- 1000 ur 38

407643815

0013 334

3000

57

571

1500 60 50

1000 $5 3000 58

4000 4 572

G0000

100 00 300 00 2000

300 6015

500 407

500 170041

41

5004025

200

41

1500 401

2500 of 41

4000 40

Dairy Farm

40

4

100 401

Watson

Allied Inv.

13.00

Textile

1000 13.40 1000 us 13.60 1000 13.00 7.30 7.90 2000 1.85 1250 + 7,00

Nanyang

XD

500 or 13.20 500 13.20

Amal. Kut.

City Hotel.

New York, June 21. rubber futuros today Bab. Trust closed unchanged to 29 points higher with sales of 38 contracts. Increasing concer aver the maritimo worker's sirike, now in its sixth

Humphreys day, caused a little more covering in the spot July Rex delivery,

Realty and trans- ferring of shorts 10 later positions. The open July position at the start of trading today totalled 87 contracts, or 070 tons.

In the shipmen market, Indonesian offerings included one RIBS nt 20 cents, two RIAS at 20% cents and three ex-Brown at 23% cents. Buyers Ideas were reported to 1⁄4 cent under.

12,00 13.30 2000 13.20

6.70 0% 3000

5000 0.70 7.92 0.05 1000+ 0.05

1000 47 $ 3000

35%

[

20.10 28.40

(0) 0.775

K.M.B......

0355

3000 * B

703421 1503012 954 35 111 355 500 20.30 2500 20,40 1800 20.30 2.00 70002.65

1000 2.076 4000 1.0 2.85 1000 2.875 30000 v 2.025 5000 - 2.50

04 1020 335

Star Farry Gumen

230

0:40 0.45

Elsewhero, brokers reported Lane, Crew. some one RIBS offered from Int'l Invert, 10.20 an undisclosed origin at 20 cunts, or 1⁄4 cont under the Indorieslan Indication for the same grade. Spot No. 1 RSS was quoted 31 cents, nominal. -UPI.

METAL MARKET REVIEW

London, Juno 21,

Tin was again firmor in this

afternoon's dealings.

K. & FE.

1023083 112084

390 431

400 0 8315

3404

300 240

1000

10000 gr 5.45

1000

13000

05

5.40

300 13

162

2000 6 1935

3000 10%

2000 or 2015

1000 / 10.40

25

Inv. ......27 27.20 1700 IDCO 1000 g 2,70

Underwriters 18.20

* *7.00

This ex-teacher's built multi-million pound

business

on vacuums

(Fortunes can be founded on anything--and nothing. Alexander Thomson meets

a man who has built a multi-million pound business on vacuums.)

By Alexander Thomson

London, June 21.

Mr Frederick Edwards, bearded and slightly built, once taught science in

a Clerkenwell polytechnic.

But instead of staying on to become a 'Mr Chips' he gave up teaching

40 years ago to start in business.

Now at 72 and a grandfather, he is bend of Edwards Fligh Vacuum Ltd which has a stock exchange value of more than L0,000,000 and fine modern factory.

It shares have been one of the winners of the stock market since they were first offered to Investors seven years ago,

They have climbed to the equivalent of eight times their

starting price and now give a

"Will your

quality yield of less than two per cent.

the growth in next seven years be us big as in the last soven?" I asked Mr Edwards,

CANADIAN MOVE HELPS

LONDON STOCKS

London, June 21.

The Stock Exchange continued to improve today

under the influence of moderate and selective buying.

Brokers attributed Investor Canada's optimism mainly to

Stroking his trim grey beard decision

vacuum

to devalue its dollar.

as we paced slowly round his It was felt that this would take plant he fold me: "Yes, I think some of the strain off the pound it will.

terling, which

recently has "The scale of application for been under

pressure on inter- high

processes gela national monetary exchanges, larger and larger every year. The industrial section Was

"There is now hardly an in- particulary buoyant. dustry that does not use our

Gold niinig Issues WCTO vacuum plants in some way or qutally firm, coppers Improved.

another."

They play a part he explained Tins advanced substantially be

of a supply shortage in everything from the manu-cause

facture of imitation Jewellery ofletally disclosed yesterday. Oils and food preparation to hand- were narrowly Irregular.-AP. ling of special metals for nuclear and electronic work.

FOOD DRYING

His keen eyes twinkled cager- ly as he added: "And now there is the developinent of accelerat- ed food drying. That is going

to become a big thing one day."

This is a process for drying j food for storing to one-tentli its normal weight and bulk. Add a little water and it is back to normal again.

But that is looking ahead: To any casual visiter it is clear that Edwards High Vacuum la burst- in at the seams already.

big ex- com-

To help out it has pansion plant nearing pletion and others in hand,

"The effect of them, Mr Edwards told me, "will be to about double our present pro- duction capucity.

re-

**In the beginning," he cailed, "we made small items of plant you could pick up and carry about by hand.

"But High Vneuom equip-

ment has become a large in- dustrial tool that is getting big- ger all the time.

"When wo came here

We Installed a five-ton crane. In our new shop we have put in

15-ton crane. One day I suppose wo shall need a 50 Lonner.

To pay for the latest round of expansion a new issue of shares Is on the way. Terma will be out soon. At a guess I would say the cash call will be for a year near £1,000,000.

one

As he plans for the future Mr Edwards appears to have only worry--that takcover bidder will come barging along. He and his family own rather more than 20 per cent of the shares worth Ground

£1,- 200,000. But that is not enough

to keep a bidder away.

In all modesty he told me: "It would be a tragedy it some big group tried to buy us up.

"All the knowledge we have acquired might then be pulled in one direction. Our aim is to provide a service for every- body."

I think his fears are ground- less. Large blocks of shares arc held by big city investors.

And from what I heard they will not be easily tempted to sell-London Express Service.

Closing prices

British Government Securities 2. Consolidated-30

Conversion—£54-17/10

3

2. Savings 1955/850. Savings 1960/70-£70. 3. Bavings 1065/mTOR,

Overseas Bonda

3, German (Doweni-£53.

Japanese. Assorted 15015.

Banks & Insurance Barclays Ord-02 30. Chartered Dank-55 Gal. Guardian Auranice—814. Hongkong Bank-£50 Landel Trust 0. Lloyds Bank-3s. Lombard Banking Ord-10, dd. Prudential Assur. "A"-23-13/16. Joyal Insurance Ord-1099 30, British Petroleum-498 90. Burmah O-39 3. Shell Transport Ord-120* 0. Royal Dutch--£ 12-15/16, Vitremar Company-30 10,

Steel Engineering nahcock & Wilcox orn-30@ 711⁄2d. Dormant, Long-3ts 1948. Guest, Keen Ord-90s. Harind & Wolft Ord-169 2014d. Stewarts Lloyda Ordetta sigd. Summern & Bone Ord-50% 10498. Tube Inveximenis-72 1. Unites Steel-53 71yel. Vickers Ord-33 0.

Electric

Apoc. Elec. Industries-108 06. Brit. Electronic Ind-ile slidi Elec. & Mus. Industries-42. English Electric Ord-34 Act. General Electrle Ord-348 30. Philips Lamp Werks-E11-11/32. Rediffusion Brd44.

Industrials

Assoc. Portland Cement-Bix Trad. Boardman Marden Ord-6 3d. Borex (Holding)-10.

Preca Records Grd-Cli od. Dunlop Rubber Ord-201 14d. Finons Ord-451 1015d, Gliman (Holdings) Ora,—de 411⁄2d. International Computers is 4. Parner & Newall Ord-641 105. Unilever Ord-14)s Del. Wiggins Tempe Ord-Õis 04.

Chemicata Imperial Chemical Ord—125. Monsunia Chemicals Ord-22 490.

Cinamas & Television Mass Empires Ord-la 6d, Rank Organisation Ont.-29 1150, Stol Theatres-da,

Paper Bowater Paper Or!—87%. De La Rue Ord---50% 3d. Spicers Ord-52, 3d,

Tobacco British-Am Ord-45 Bil Carrerak

Toby, Ord-50 3/1.

Imperial Tobacco Ord-60s 3.

Matara

!Gel.

British Motor Ord-15 Hawker Siddeley Ord-30%. Jaguar Core Ord~100s 1950. Bolts-Royce Ord-440. Westland Aircroft1

Textiles

7d.

Beatford Dyer-10 10. Calico Printers' Ord-133. Conts (JP) Paton & Baldwins-45 10.

Courtruida Ord-389

Fine Spinners Ord-2012

Bd.

Lancashire Collon Ord-87

Broweries Distillers Co. Ord-sold.

Guinness (Arthur) Ordmbia su.

Ind Coope Ord-138 101⁄2d.

SLOTTE

Great Universal Ord-594, 3d. Grent Universal “A" Ord=5h Dd. House of Fraser Ord-0014 30. byuna (9) "A" Onl−2« Gd. Marks & Spencer "A" Orl-112

101d.

Tato & Lyle Ord-48 411. United Drapery Ord-7a3 dd. Woolworth (W.) Ord.-55% 10d.

Miscellaneous

Bowmaker Ord-30a &d.

Brit. Contmanweal Rhip. Ord-30s

Eląd.

Canadian Pacife, Ord-44GA. Cunard Steamshlu Ord-ila 450. Forestal Land & Timber-134 3d. Hongkong & China Calls. Hudson flay Co.—ED-23/33, Indo-China" Def. Ord-ka 31. Land Securities Ord-914 10. P. & Q. Sloany Nav. Det.-la 195cl.

Milnes

British Tin Investment-450,

0:1

London Tin

Da Bears Od. Mount in khá ổn Petaling Tin-126, Rhokana Corp.-43 1d.

Rio Tinto (mare)-7.

Ronn Antelope Copper de éd. Union Corporation-40 3d. Welkom Gold Mining-120 754d, West Hand Investment Trust-41s Jd.

Western Holdings-Jile Rd.

Rubber

Tea

Anglo Indonesian Plant-da Oct Ceylon Tea Ord-201, Imperial Ten Ord-15 11⁄2d. Kuala Lumpur-Cepong-3 214d. Lombok Rubber-318 34,

-Router,

New York

sugar

i.

Now York, June 21, World No. 8 sugar futures today closed one to 4 points higher with salos óf 59 contracts.

Domestic No 7 sugar closed unchanged to two points lower with sales of 211 contracts.

Dealers and other trade in- terests, were on both sides of the market on a small and routine scale.

In the raw markot, Brazil reportedly sold 10,000 tons to a focal operator at a price equivalent to 8.48 to 0.40 cents, delivered, July 16-August 16 shipment. There was no news of any acceptance by India on bids, duo today, on a cargo of Indian whites for the US. marical,-UPI.

UNIT TRUSTS

First Hongkong Fund: $1.33 {(buyer), $1.41 (seller),

Second

Hongitong Fund: $1 (tayer) $1.00 (seller). Special offer seller price $1.03.

COMMODITY PRICES

COTTON

LONDON

Clasing prices, all in sterling

6.32

Spot(Burk, chuty paid? 045 Total base 211 corsets.

Open interest: 2.163 contræels.

U'I

July

10.85

Nov.

Берь

19.35

July

Copper

30.47

Boul.

Oct.

30.70 30.11-00

Dec.

༞:

Jab.

30.03

Mar.

30.43

Itops

40

Amoy Caring Kelantan

+5

100 63 10002.05

NEW YORK Closing prices all in cents per ib.:

Spot

May

30,40

July

34.50

per long ton.

buyers sellers

Tin pat

SA

Dec.

34.30

3-month

DID

020

Mar

Copper spot

May

33.40

3-month

22534 239

REX

Standard

Lead Spol

Oef Dec.

34.40

3-month

34.1X)

Zine Spot

Jstly 72! Sept.

Jan.

20.00

50.35

29.23

19.50

22.10

29.15

20.10

29.03

Mar.

39.00

May

29.00

Agreed merchant

Canadian

rates

Dollars maximum Copper come back into the selling 17-11/10, minimum buy- imelight on the London metal exchange today with cash finishing 10 T.T; 10-3/10 O.D.

3.17

NEW ORLEANS Closing prices all in cents per

3-month

1b.;

Spot July

Swiss Francs maximum sell-

Dec.

W. German.

Deutschamarka

Mar. MAY

ing 6% points higher on the day. Ing 74-6/10.

Lead and zine were

but quiet today.

steady

In New York, copper futures | maximum selling OB-7/10. today clored zá to 37 points

higher with sales of 330 con-

tracts.

Advances

by some of deliers plus prompted by

reflected covering

the recent #hort

a trade demand mina at London and renewed concern over the mine labour situation in Chile. New political uncertainties in Africa also played a rolo in shaping market sentiment.-UPL.

G

Exchange rates

METALS

RUBBER

NEW YORK

Bubber futures closing prices,

oll in cents per 1b.:

70!! Nov. -UN.

SUCAR

NEW YORK

Closing prices, all in cents per

FOREIGN

ENCHANGE

NEW YORK

3220 O

33.05

04.40

29,45

UPI,

Ib.:

Contract No. 8 (world)

Sept,

200

FOT

Mar

3,00

Closing rates!

M*X

5.00

Canada

产品

NEW YORK

July

100

Engla

2.00

Closing prices all in cents per

11.08

Lead

10,00

July Sept.

10.00

Boot (World Averyga). 3* Total Helen; BP contraCTS. Open interest: Bis contrwają. Contract No. ↑ (domaatin)

2.7803

3.7800

Australa

***

New Zealan

10.00

Rept.

Oct,

0.20 053

Others Linebanged.

Business was done in the local unomical exchange market this Do not the followig rates6.777

US dollar (per (1) Sterling notes (pwr £1) **** 180 Australian notes (per 63U

Indonesian rupian. (Der 194) Alem liesi per 100) Singapore (Stemica

piciat

30-days

27740

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