1961-07-27 — Page 2

Pago.Z.

THE CHINA: MAIL. THURSDAY; JULY 27, 1961. .'

Kennedy's speech New York market

New York, July 26. The stock market today had and of its biggest gains of the year and the heaviest activity in over à month as Walt Stroot responded with enthusiasm to President Kennedy's proposals for handling the Communist threat to Bërlin and the rest of the world.

The advance was solid and broad, embracing virtually every group with especially good gains showing in aircrafts, steels, motors, rails, metals and electronics.

Industrial Burrougt Add Machine The Dow-Junts Average showed a healthy gain Britt Am Oli redeeling strength in American Belish Columbia wr.

Calif. Packing Corp Telephone, Dupont, Anaconda, Cana. BK. of Cumin, American Can, Bethlehem Steel, Cans Brewers... U.S. Steel and Chrysler,

Today's volume was 4,070,000

gbares,

Of a tutal, 208 lasuce traded, 714 were higher and 345 lower.

American Exchange vohtune

was 1,050,000 shares.

Campbell Noup C Canadis Pacifle K. Care + 1) Co.

Cal. Tinelor

Celanese Corp.

10. 1 T. Financial Corp.

Chase Mantat, Bank

Chrysler Matara

Charts Perbody

Coca Cola.......

Cu

Culgate-Palibur Co.

Colomban

Commercial Credit

Bonds volume mounted to Coraing tilass Works

$7,330,000,

Dow-Jones Closing Average:

30 Industrials, 004.19,

20 Ralls, 137.82.

15 Utiles, 114.00.

65 Stocks, 220.08.

40 Baucks, 83.89.

Comm.

1-17.94..

future prices

↑ Consolidated. Edlien

Procter & Gamble Co. Pittsburgh Plate Class Portland Cen, Eleo.

Publicker Industries

Pullman

Pure Oil

Badio Corporalian

Haytheon th

Republe Steel**

(13

Top

EQY

a

27!

Heynolds Metal

301

Heynolds Toberco

72

Royal Bank of Canada

726

Royal Dutch

4415

Sears, Roebuck & Co.

Shell On Co.....

8014

Safeway Stores

54. Saint Reg. Piper

004 Schenley Ine.

Sensi Paper

6741

pushes up UK carpet for new palace LATE RALLY STEADIES

LONDON MARKET

:

London, July 26. Industrial stocks bögheed back toddý froth

heavy mark-down by market dealers this morning in the wake of the Government's 'cure' for the British economy.

Even hard-hit, skoro thares |'. Pamesa Wlthy_Ord-39» 19§ydd. staged a sharp recovery.

still were reattered through, the fit, but, leaders 645 44A | Ute Imperial Chemlent, ..., Uni-

AB

2012

lever, and Glaxo moved higher than their overnight levels.

Tobaccos

3D

401,

won back meet of their first falls, in early, after, noon trading but: brewerits all wore fractions offLIPI

Closing prices

British Government Securities Consalidator-30.

Conversion

3. Hayingen 1035/55-2280.

1 Baving 1000/2014.

BAYINY 1045/2535%.

319% War Loon-23452

Gyarudas Bonds

3%, German (Dawer)-£97. 5. Japanese, Assented- R 137.

Banks & Insurance

Barclays Ord-109 9d, liri. Merchants Insur—-59 9d. Chartered Bank- 3d. Clunedian Assurance-528 Hongkong Bank-£18. Landel Trust—$35.

d.

4514

100

Siegler Corp.

Sinclair O

1911

'Smith, Kline & French

Consolidated Paper

401%

Recony Mohit oll

Cunzumers G

123

Continental Car

43%

Bouls Puerto Rico Sugar

Continental Of Del.

Southern Co.; (The)

Southern Netural Gas

Creole Pet

344 Beuther Facific Co

2441

Crane Co.

64

Southern Railway (Com.)

Crown Zellerback

52% Sporty· Hand.

Dimond Alkali

70

|Standard Brands

42% Standard Oil of Cal.

Lloyds Danks-659. Bd,

3

Shandara 211 of Ind.

393

15

Bleep Rock

National & GrindleyJNE 30, Royal Bank of C

210

Sterling Drug Co.

93

25

Stokely-Van Camp

24

103

Stone de Webster

20

Studebaker-Packard Corp.

44

Swift & Co,

1000

Diamond Rutl

index, Distillers-Sexgran

Closing prices

Abi Pwr. & Paper

Alden the. Acy.

Algoma Steel Corp.

Allied Cheste

Alest Mula toe.

43

Douglas Aircrati

Dow Chemical

Dupont the Nethaurs

Eastern Air Line

Exitman Kodak

E Peso Natural Gas

Fantly Finance Corp.

Ferro Corp. .....

Firestone Tyre & Rubber

FIYSL Nal, City Tank

Ford Motor Co. of Cana

Ford Motor ..............

General Dynamies

General Electric

General Foods

Gutty Of

3Stendard Oil of NJ.

44 Texan Co...

Thiokol Chem.

854 Tie Water Oil

03

157) Time Inc...... Traders Finsnec Travelers Inc.

371

84TY-Cont. Warrant

Li Twentieth Century Fox"

Union Pacife Hallway

Union Carbide

4712

J1%

Union Oll at Cal.

201

17

4034%

Tin Gas Corp.

United Alterati

Fruit

Allis Chalmers

A trake Shee

American Atrine.

Am. Cable & Indio Corp.

American Cyanomtd Cu

General Motors

Am. & Forgn, Pawer

Gen. Pub, Uni

Am. Gas & Electrie

#74

Gru. Tel, & LIfe,

220

Gen. Tyre & Rubber

134

Glidden Cn.

Am. Natural One

7119

Gogarien . . Cv.

American Sinching

4

Condyear Tyre

43%

Am. Sugar Bel,

37%

Great Northern

:lway

American Tel & Tel

American Tile,

37: US. Steel

201

23

$14.

Am. Itume Prod.

Am. Marti. & Fury

American Metal

US. dypsum

6. US. Line Co.

US. Rubber

US, Smelting

U.S. Steal F.C. PF

Warner Bros.

41 Westinghouse Air Brake

1900

82156 08314

心您

זם

感

10

Lombard Banking Ord-17).

Royal Insurarted, Ordos,

British Petroleum-41. Fish Ollie.

Mexican Eagle Ord-is 750. Shell Transport Ord-1224 DA. Ultramar Company-30p 1340.

Steels Engineering.

Babcock & Wilcox Ord 1010.

Colvilles Grd--- 10.

General

ind--18

32 China

17.

Indo-China :Dati Priná29 94. Land Securides Ord-Zs. Fi&. Stearn Nay. Def.--+37 4350.

Ham Hay Co.-KO-0/10.

Mines

Delilah Tin Investment-ta` 60. De Beers Def-17ha Od.

· London Tin Corp.196. Mount: 31st. Pataling

Ithodesian Anglo-Amer.

Rhodesian

Selection

Rhekang Corps

d

Ord-01x

Trust-

Bio Tinto (Dearer)-35% 2150 Roan Antelope Copper-89 4110, Union Corporatio

Welkom Gold":

| Mining-11 Western Holdings--tita da. Southern Malayan Tin-33% #d.

Baja Buddie & Teas Anglo Indianeilan Plani.—de 26.) Ceylon Tea Ord-43 66, Imperial Tea Org—15′′ jail. Kuala Lumpur-Kepong-50 34d. Lambak Rubber 40s 34,

Neuter.

This Belilah carpet of unusual and vibrant colours was chosmi by Sheik Mubarak- alfamid, at the Earl's Court Carpet Fair in London recently for his new palace now being created in Kuwait. Worth £2,000, and weighing nearly one ton, the carpet look a month to WOLVO on one loom working double shifts at a Kidderminster, England, factory. It was woven In 35-foot lengths of foot broadloom and will be sewn up at the palace táto 60- foot, Bo-foot and, 125-foot lengths to cover three roonis. Considerable technical dimentsies had to be overcome by the makers to adapt the carpet from an ordinary domestic square to one 35 feet wide,

COMMODITY PRICES

RUBBER

Rubber futures closing prices,

Dec

Mar.

May

July

METALS

HONGKONG STOCK

EXCHANGE

By Our Own Correspondent

Business done on the Hong

kong Stock Exchange morning

ximately

amounted to appro- Noon $3,410,000.

the morning' K Elec...

cents transactions:

Shares

HK Bank

+

60*01

10.20

XD

this!

39 331 1300

1800

300

2500

Ampex

Anaconds Copper Armco Steel

Arinuti Asbestos

Carr

Asian Conn, Mining Baldwin-Lima-ata. Baltimore & Ohka Dank of Montreal

Beert Life Savers

1. C. Tel Co.

Bell Telephone

Benelleial Finance

Bendix Aviation Corp.

Benguet Cons.

tetben Steel

Floeing Alplane

Bordea (76; Co.

A AMERICAN

and Organ

lieyden Newport Corp.

Itham Walker ........ Hamestake Mining Co. Bussman Refrig.

Idaho Power.... Imperial O

1614 Imperial Tulcea

Ingersoll-itand

Jalan Bicet Co..... Interchenugai Corp. ............ fist Fass Miciunes Int'l Harvester ..... bileraniional Nickel

International Paper

Int'l Tel 2 Tet

15 | Jobas-Manville Co.

Un

51

STOCKS & COMMODITIESE

WHEN

SELL

WHEN

BUY

Market Timing

For

Maximum Profit

THRO'

TECHNICAL ANALYSIS

Research Dept. PERENNIAL TRADING CORP. 010-018 Edinburgh House Mong Hoak

Tal: Risti, Stine ··

Kaiser Industries

Kanrus-C. Power & Light

Krinecott Copper

Kimberly Clark

Lapreti & Myers Tob. Co.

Lily Tulip

Lition Jad.

Lockleed Aberall

Loew's IncDID.

ཐཱཝཱཏྭཾ *སི ན

Lone Star Ceirent Lorillard F. Lowenstein & Sons, Melethiol J. Say McDonnell Alteraft Merck

New York

cotton

New York, July 26, Cotton firmed today with tho far, months showing the best gains, Commission house buying was light but persistent and running into effetings on the, advance.

Electri

Asso. Elec, inchiries-101.

firit Eesti Industries

Elec. &

English Electric Ord325 id.

Patlipe Amo for wrd 30% 7354 Rediffusion Ord=39% 40.

Industrials

Assoc. Poriland Cement-10 1354. Boardman Marden Ords 2011,

Bora (Holding)-17 d.

Весси

Ded-591 00

Dunlop Hubber Ord-25g lig

Fisons Or Ord. 81 98..

International Computers-028 90.

London Brick Ord-00s bd.

Widzina Tenpe Ord-20s 1014.

Chemicals

Imperial Chemical Ord-09# 13d. Moema & Television

Chemicala Ord-21. Moss Empires Ord-+0. Bank Organisation Ord-270, Stoll Theatres==7# 1540.

Paper

rlowater_Paper Ord-30s 9G. De La Rue Ord-63′′ Od. Splters Ord-166 d.

Tobaccos British-Amer, Tub. Ord-050 Bd. Carreras II" Ord... CINE Imperiet Tousbea Ord-cod.

Distors British Motor Ord-148 135d. Hawker Siddeley, Ora-500. Jaguar Cart Ord-96_3d) Rolls-Royce Ord—468_714. Westland Aircrati-17, d.

Text, 2nd. Bradford Dyers- Calico Printers' Ord-14a 1994,

Baldwin Cuata (JP) Palon &

No. 3 rubber

Nu. 1 crepe

120b 14437A

Dorman, Long-324,

Gues, Keen Ord-90s 6d.

2014

Harland & Woin Ord

ed.

NEW YORK

Stewarts de Lloyds Ord-451 $1.

1351

Summera & Sons Ord-4

4158.

021

Tube Invortment-8

64.

ali in cents per lb..

24

United Steel 538.

REX

Standard

Vickers Ord-34. 214d.

July

20.00

20.30

40 35

29.05

Sept

Νόν,

22.15

70.310

Jan

28.95

28.05

Маг

28.85

NEW YORK

quotations and

May

LONDON

Closing prices all in

Closing prices all in pence per

ber lb.:

Buyers Sellers

Balet

Waukesha Motors

1b,:

Lerd

No.1 Its spot

2415-2474

July

386. 370

200 4 302

100 GB 302

21

Westinghouse Electric

Bettlement house form:

Zing

240 390

Sept.

2913

Western Union Tel. Co.

July/Sept.

4314

West Va. Pulp & Paper

Oot./Dec.

2472-2016

July

147

Wim-Dixte Stores

3592

Hid.

Jan./Mar.

23)6-233%

Copper

902

Zenith fado

Woolworth (K. W

Climan

Apr/June

2316-2512

Sept.

11.15

July/Sept.

2396-2514

July

30.40

1135

HK Bank

(Ex. Diy)

Lon. Reg.

30 336

2000

10 @ 350

145

General markets, c.i.f. basis, ports;

Dept.

30.55

Lombard

Telephone

54

UPL

Turner & Newall Ord.-028 1014. Unilever Ord-itis.

Aug.

2471-2441

Oct.

30.30

Allied Inv.

Sept.

2412-241

Dec.

30.00

HK & FE

Eilote crepe

Jan.

Invert

21.00

thin Aug.

Mat.

30.50

Wher! Co.

370 375 400 370

thick Aug.NE

May

32.50

Wheelock

12.70 12 2300

0000

Mi Cas

21.50 $1.50

AMSTERDAM

Closing prices all in guilders

July

39.50

3000

1200

LONDON

4000

per kilogram, elf. Aug.

Closing prices, all in sterling

HEA

2.05

1000 22.625

No, I rubber

2.35 buyers per long ton:

130032.80

No, a rubber

2.24 buyers

Buyers Bellers

200 L224

1230 24

1.22 buyers

Tin

Gilman

1950 48 2.50

2.30 buyers

---UFI.

401

Spot 3-month Copper

Spot... 3-menth

4.35 4.00

20000

JK Dock

116

112

100 40 323

400 111Jardines..

Talkgo

2501) 200 23316

Ch. Prov.

2331%

13%

41%

3

Merall from Carp.

12

Milanushta Mining....

Mission Developiarní

28%

Monsanto Chinlent Co.

31

Montecatini

BUS

Muntgomery Ward

ber at 50 points,

Motorola Inc.

871%

A December March

National Buses

Co.

7

National Cash Reg. “Á ̈*

DT

was done al 75 points.

National Dairy Prod.

National Les

DIT

15 peinta higher

the Ust ruled

B4

1642

10249

to

433

New Orleans nished

points

lower-UPI,

COTTON

NEW YORK

Closing prices all in conte por

Lead-

Spot J-mentis

*Notei

45

行

GẤ

HK Land

7219

1400

Zine

Lodg

78%

7936

J-month

79

HK Renity

34.45

34.98

35.ca

34.75

34.30

NEW ORLEANS Closing prices all in cents per

House of Frazer Ord-56% 1lid. Lyons (2) "A" Ord-70s.

11b.:

06 3/14

2.7015

Spot

57.75

1,7620

· Marks & Spencer "A" Ord-130s sd,

Dec.

35

90-0372

27740

Tate & Lyle Ord-15% 03/

Mar.

33.95

창2100

United Drapery Ord47 tu Wootwarth (FW.) Ord.—54 4350. Miscellaneatin

May

36.77

New Zealan

8.7673

July

13.00

South Africa,

1.3907

Oct.

34,00

Other unchanged..

Dec.

34.00

LONDON Closing rates:

Sterling

Montreal

2.3816-2.0814

American Contract

Amsterdam Brussels

10.00-12-10.041

139,06-138.15

July

19.312-19.32!4

Oct,

2450

19115-1172

Dec.

24.75

558.13-80.50

Mar.

10

Cho

ID.99-19.9015

MAY

25,50

Paris

1/2 7/1

12.00-13.801

July

Stockholm

15.4055-144

Oct.

15,45

Milan

Mixed Contract

17381733

(East & South

Aden)

Africa &

VIRTAR

72.03-72.08

Africa &

21.78

Zurich

32.051-12.45%

1/2 7/0

UPI.

22

9/15 03

3375 1000 @ 92%%

2,025 New 215 Tram 40% 41%

C. Cement 44 a

200 746 Dalry

24

100 73%

200 * 73 40000 44 2.026

2829 e 234 200 $1 200 * 414 300 41

1800 6 2015 300 70%

20 G2 7845

Farm 592 4032

Textile Nanyang

A. Rubber Rubber T.;

0.03

City iolet 40% Lane Craw 46%

Int'l Invest

HK Mine 360

Star

Ferry

National Steel Corp. New York Cenizal Noranda Mines Lid. Norfolk & Western By. North Amer. Aviation Northwest Airlines (Com.J Oktalama Nai. Gas Olin Mathsleron Otis Elevatora Owen-Illaoin Glas Oxford Paper Co. Pacine GA & Elec. Pan American

Paramount plowNY

Parke Davis Co. Penny J. C. Co Pann. Salt Co Philip Marri Pitney Bowes

A. New Orleans. Interest sold December and March on limit with another spot interest buy- ing October and selling Decem-

42

switch

After opening unchanged to

about the same at 2 pm

New York closed unchanged

seven points higher

while ЕСУСЛ

higher Lo two points

UNIT TRUSTS

First Hongkong Fund: $1.30 47 (buyer) $1.38 (seller).

Second Hongkong Fund: 97 cents (buyer) $1.03 (seller).

Courtaulds Ord-30s 3d,

Fine Spinners Ord-270 40, Lancashire Cotton Ord-59% 454, Breweries.

Distillers Co. Ord-338 7144. Quinness (Arthur) Ord-32x. Ind Coope Ord-101 72d.

Stores

Great Universal Ordelia &l. Great Universal "Ord-31

Bowmaker Ord-1534.

Ib.:

FOREIGN EXCHANGE

NEW YORK Clowing rates; Canada England oficiai

Australia

20-days

"

LIVERPOOL Closing prices all in pence per New York

Brit. Commonweal Ship. Ord,-30a

Canadian Preiße Ord-$45%%. Cunard Bleamship Ordis 45. [36.7 Forestal

Timber-120 10.

Land

You'll purr-1-1-r with contentment

when you fly there Comfortably

with

2

BERNETES MELTRAN BAYYIN BEC

SWISSAIR

TONLY

SWISSAIR HAG

FULLY RECLINING OLEEPEROSATO POR PIRET CLASE PASSENGERS ON ALL FLIGHTA

FROM HONG KONG TO EUROPE

THE FARES ARE ALL THE DAME, GERVICE MAKes the diffERENCE LUXURIOUS FIRST cláéb bleepingeaTE

AND COMFORTABLÉ ECONOMY CLÁGS BÉATÉ

Call, four toyöüilla trével ögant OR zing SWISSÄIR

Hong Kong air trayki,office Biouositer Building: Tett 24283, 82002, 32027. Kowjoen air travel office Pañinouts Hole) Enet Arcada: Te) 05757, dovas, badas.

SWISSAIR

Copenhagen Frankfurt Llabon

2.723/10-2.79 6/10

'Shipping may become

like a public utility'

K.M.E.

70 7015

Younati

Ch. Light".

130 131 30 131

3814

3816

100 3494

Поро

Cont

100 or 30

Amoy Cann

Starting

1/3 1/33

diya

AGREED MERCHANTS RATES

·MAXIMUM SELLING

MINIMUM BUYING.

1/2 7/8 1/1 31/32

With Cond. L/cr.

1/4 1/3 1/8 3/10

1/2 3/9

without L/Cr.

OD

1/3 8/32/20 1/5-1/400 1/2 11/01 1/2 3/18

dayı 120 days Indirect Sterling on Demand Ds on Europe; 1/332nd

higher then London fate)..

Op it under Cradit VOD without L/Credit

3/32

1/3 11732

3/33 up every 30 daya

...

OD under L/Credit OD without L¿Credit 3/12 up every "30, days

TTA, is ACO OD) If under L/C 1/4

higher 1/16 7 8 39 ) without L/G: 3/8

5/16

1/2

days higher

dayn)

days)

1/100

3/10 higher than the raise for É

on Aden

OR

de 30 days

GO sys

90 days

(East & South

Adent (West Africa. West Indies,

South America & 551) Rupees (India)

Oxford, July 26.

+

Rupees (Persian Oult-Portal

Rupees (Ceylon)

02. 1/4

Viscount Runciman, British shipping, Industrialist;

sald today governments would probably inter

vene increasingly in shipping, services; parti.nupees (Paklutari) cularly liner services.

He told bankets from .51. countries at n International

| banking summer school here:

The competitivé. system widch produced the present notwork of those services Retors the, poun of the world' lo in a decifae., from which it may govet recover.

"We may see International shipping becoming more ond mare Bko wint in this country

METAL MARKET

REVIEW London, July 26. The tin market was very staddy with Belĉos ittažkad

higher.

62

1/2

Ryals (Hurma: mangoon) 821

Malayan Deliaty

U.3. Dollars (Fleet gelendar

mandh Share- free of pénally After 1/10, down far each calandar monthy

we call a publle uully less and exsh, copper cased 1% in

Click of fresh outaldo de- Canadian Dollars efficient than now and more morning dealings. Later cash

Australian Pound scure, prohibited from making | large pronta and secured against one point, large fosca."

1/0

11. 274

· 68 6 5 2 Å 88730 0384 23388 8888 CORED = 555S

17 25/32 i

New Zealand: Pounds Lead and xing wero stendy Bouth tio forecast intetice coks-toddy

Bit African fand, petition between air the mon in New York, copper futures Belgian Francs

West German Deustchie, Da services. In samo hores, like today closed 8 to 17. points matka thal of pastonien, the ale higher wiüt enlon of 223 col- wensid, pavidality win. A

tracto

. "But overall, húwnýer 1}{4}* · Today's uptúin - In; futures either side may want, in idendi 1990 – aktelinated to President

compleintuïlary and Beely Jonat In London, tin, bànk rale

up

1/3

9/10

1/4

7/10

7/10

www

5/2

3/10

30 day

11/10

00 days

0/10

1/18

9/14

1/15

GO days

374

2/14.

1/2

1/2

21/22

20/33

7/8

1/22

3/az

1,8

|y NMS-Tiia Merilde sailing rate dieser shonë spallje indy as det

free mong beyond that, Baring races, for Murumaal se

tyn masztia forward, Ausut munk be shared for rich pil granitats and fill my not be quoted beter, then star Fracy up to 1wh menihedforward arul- thereafter, a 3/2018 janay

Ily shipping, and niej spevintajare | Kennedy's spelph yesterday, ingner, for a further turee monthe forward roug

la: remain po, Lord Ramclaren | crease in continuing to have ad- lipove are sirimail mes, & are not aniigable wiera - Inviniesiony TN kobe the musing the top staring basszustaka thenes quoted versa, diToota on copperUPL · that, payment or acceptapos may swást arrivki bé carrying glasen de Vi

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