1961-08-30 — Page 2

THE CHINA MAIL,

SHARCUTE E

Yesterday's Closing

COMMODITY PRICES

TOREIGN LACHANCE

NEW YORK

Closing extend

SUGAR

NEW YORK

Closing prices off in ceni per

1b.:

Contract No. 8 tworial)

Ort: 2013. Mar. 210; Max:

51: 2. t; 25; p Avtager: 27.

Total Sales; 45 construels,

Contract No.-7. (domestle)

Sept. Oct. Copper

10.333

1000

Bept. Del.

Mar.

July

Bepit.

LONDON

Clodag prizes, all in sterling per long toni

3-pl

05:

Buyers

Hellers

* pol

DYO

Copper out

237 23

23213 2351

67

-UPI.

NOV: 100; Mar: 91; May: 6.20.

2-ment):

Lead Spot

July: 425. Spot-(bulk, daty judi-month

Carunda

July: 2

Kaland.

Cicial

24134

2.7013

Open Interest; 631 contracts.

WU-Lay

2.70500

Austral

2.2450

New Zealand

*.7900

South Afric

4030

6.03.

W. Germany

.2503

2775

.4035

3114

2007/11-2 80 9/10

10.1110.1E

Total Sales: 56 contracte.

Zinc Spol

-

Uri

Opel interest; 1,501 construed..

1tand

Sweden

Awitzerland

LONDON

Closing rates;

New York

Mostr

Amsterdon

i nasib.

Frankfurt

Juster

Paris

Sektiolo

Ma

Varuva Zasitel

1393-131.70 10:54-19 33 1120-11 25

13.10-13.703 14 50 141 1400-199 #2.33-7-

METALS

NEW YORK

Closing prices all in vents per 1.:

Lead

Zane

1030

THERMOMETER

SIZZLES

VITALITY FIZZLES

Why suffer from

HEAT & HUMIDITY when you can have

COMFORT & CONVENIENCE

and can sleep

like a BABY

by paying as low as

$48

a month for a

Room Air

Conditioner

?

MONTHLY INSTALMENTS

GE

MODEL

R2D1 Cooling

$48.-

R4D3 Cooling & heating

$54.-

R681 Cooling

$56.-

R8F1 Cooling

$64.-

For further particulars, please inquire

YEE ON HONG CO., LTD.

Mangkung » 261 les Hagen Wi

da Araria A Vine Pa Dán KEA.

La dreamt Playing

08-47

COTTON

NEW YORK

น

Closing prices all in cents per

Spot: 35.20 nom; Det;

Say Sanf; July:

Det: 35.15; Dee: 35.20. NEW ORLEANS Closing prices all in cents per Dee. Out: 34 07: 324. MATT 30.36: May 30 20; Juty. 26 19. Oct. 35.30; Drei 9.35.

LIVERPOOL Closing prices all in pence per 1.:

4

Cut:

33 an

American Contract

Det: 2449; Dec: 25-35; Mar: 25.33;

WEDNESDAY, AUGUST 30, 1961.

New York stocks decline a

little further

New York, Aug. 29.

Stocks declined a little more today as the deadline for a car strike drew closer and the forthcoming Labour Day week-

and kept buyers away.

Aircrafts and

were weak

airline stocks | American Metal bar Jelaure time Ath. Natural Gas stocks, yoki shares,

Ametlern Smelting

some elve- tronics and other "glamour" Issues stayed on higher ground.

Molore and steels were rowly mixed.

nitr

Popular market averages drop- ped back somewhat

despite strength In Eastman Kodak, up more than two. American Tele- phone dropped a major fraction.

}

United Fruit

Unlled Gr Corp.

351

CS Gypsu

32

US Line (5

America Tel S

12032

US Rubber

DO

US Amelting

US S

Am. Sugar Res.

American Tub.

Ampex....... Angeonda Colber Armen Steel Amour

| Asbestur Corp.

Atlus C. Mining Bildwin-lama-lam Baltimore & Onla Bank of Nova Scotia Beech Life Anvers B. Tel. Cu.

e elephone Denelielai Finance Bendix Aviation Corp. Henguet Cons.

Among the better performers were Thiokol, IBM. Johnson and Johnsua, First National Stores, National Biscuit, Polarold. Walt | Bethlehem Steel Taney, tchn and Fink, Scheringeing Atpisne and Revian-all ahead close Burroughs Add Machine

Borden (The) Co. *** two points or better,

United Airernft weakened in the defence

group along with Aven, Lockheed, Northrop, and

ANY: 25.75: July 25.00 Oct: 250, Bering. Parke Davis was the weak drug, down more than a paint while Norwich added about

Det: 25.10.

Mixed Contract

Det: 21.50; Dee: 25-M; Mar: 28.10; STAY: 25.70; Juty: 23.15; Out: 20.35: Dee: 20.23.

--UPL

RUBBER

LONDON

Closing prices all in pence per Į

1b.:

No ten spot

#514-201

SetDentum Boose term:

Cl

July/Mov.

234.

Det/Dec.

Jan./Mar.

2347-251-

Apr.June

utv/Sept.

Aug

Sept.

te crepe

than Sept

Kineral markets, c.lf. bails, ports:

Back Sept.

AMSTERDAM

one

Today's volume was 3,160,000 shares.

Of a total 1,236 shares traded, 400 were higher and 409 lower. American Exchange volume was 1.250,000 shares.

Bonda volume amounted to $4.990.000.

Dow-Jones Closing Averages: 30 Industriala, 714.15.

20 Rails, 112.62.

15 Utilities, 120,00.

05 Stocks, 237.87.

40 Bands, 83.50

Comm. future 147.77.

prices

Closing prices

Brih Am. Ol) ...... A Columbia Elec. Car Packing Corp. Cana. Bk. of Comm Сапл. Всемог Campbell Soup Cl Canadian Pacife R. Case J. L. Ca.

Cet. Tractor Celanere Corp.

2.1. T. Financial Corp. Chaer Manhet. Bank ...

Chrysler Matura Chiett Peabody Coca Cola ...................... Colgate-Palnitve Co.

40%

מויות

$42

513

7032

4794

64%

1601

7542

43

Continental Oll of Del. Creale Pet

30%

Clombian Carbon Co Commercial Credit Corning Glass Works Consolidater Edison Cementidsled Paner

Continental Can

Crane Co.

Crowe Zellerbach

Cuban Am. Sugar

Index, Delaware & Hudson Co.

Diamond Alkall

Diamond Nat Distillers-Reograms

Douglas Aircraft Dow Chemicat..... Dupont de Nemours

PC PF Waukesha Motors Westinghouse Al Biske Westinghoure. Klestria Western Union Tel Ca. Welt Va. Pulp & Paper Wina-Bide Stores

Woolworth (K, W.)

| Zenith Radiu

New York

sugar

New York, Aug. 29. World No. 8 sugar futures today closed two to four points lower with sales of 45 contracts.

The domestic No. 7 ccnirnet closed unchanged to one point higher with sales of 50 con- tracts..

Slow conditions in the world raw sugar. market induced sell

sugar futures. ing of workl Domestic futures held steady.

No trading in domestic raws was reported overnight ar thus far in the day. Last offer 4 Ing price yesterday was 8.15 cents

per pound, delivered. UPI.

37%

2312-2336

Abitibi Fær. & Paper

$40%2

-251-251

Aldea Ing Aey.

Eastern Air Line

Algima Steel Carp

4712

Fontinan Kodak

103x1

AL

Allied Chemicals

Q:

El Paso Natural Gas

Allied M Inte

4914

Family Finance Corp

All Chalmers

2343

Ferro Corp.

Am. Brake Sho

37%

Firestone Tyre & Rubber

American Alritne

1

First Nat. City Bank ...

Am. Cable & Tadio Corp.

11

2.34 Buyers

Americasi Cyanamid

Co.

2.33 buyers

Am. & Forga. Power

L'ing prices all in guilders

per kilogram, elf, Sept.

No. 1 rubber

2 rubber

| N.. #rubber

| 200 | enige

2.30 buver

Am Gas & Eceirie

2.71 buyers Am. Home Prod,

UPI.

Am. Blach. & F'dry.

London stocks

gain on Berlin hopes

London, Aug. 29.

First Nat. City Bank

424% Ford Motor Co. of Cana,

1034

Ford Moter ....

672

ZT

General Dynamien

tieners) Electric

434 General Foods

Gelleri Motors

Gen. Pub. Uni.

Gen. Tel. & Elec

Gen. Tyre & Rubber Glidden Co

Godrich (B. F. Co. Goodyear TYTE

...

Great Northern Railway Gruminan Aircraft

Gulf O

..........

Hamptond Organ

Heyden Newport Corp. Honestoke Mining Co.

Hussman Refrig.

Idaho Power

Imperial OIL

Imperial Tubacc

Jogersoll-Rand

34%%%

Fa

mland Steel Co.....

3044

Int? Business Machines

AIR

Int'l Harvester.... international Nicke:

Da

0212

15%

internallonal Paper

Hopes of early East-West talks on Berlin helped Tel & Tel

industrial stocks to move higher today.

Gill-caged were strong backed | by European buying.

"Most blun ehipe inched ahead while Meti stucks and lending improved. vagineering issues

nne

stores slayed in favour after i yesterday's rises in this sector.

In textiles, One apluners and doublers lost better than shilling to 23/41⁄2d on news of the shutdown of one of their mills due to the inflow of cheap Imports.

Tins surged ahead on the steep rise in the metal's price, show- frugt gains of up to two shillings. Gold stucks were quiet but

batter

where changed. Small selling from Europe push- ed coppers lower.

VICT

Oils were idle and were little changed. Japanese Bonds Kaln- ed mnall fractiona.

ir-

Most dollar stocks were regularly lower but steels firm ed. Tens made headway but rubbers stayed stently—UPI.

at

Closing prices

Sri Government Securities Consolated 27. Conversion £534

Br, Bavings 1935/85-£-0/16, 322, Bavings IRAU/10-£TEN. 15. Savings 1965/70–£672,. 35. WHC Lon-£53-1/16,

Overseas and

9, German (Dawes)-29% B, Japunese, Amented-£130, Hank & PIANOS

Harelays Dr. Gan.

Brit Meretinnts Insur-Bis Del. Chartered Bank-39 Cd

Guardian Aurance-034,

Hongkong Bank-1.

Londel Trust—18 Dil.

Langels Bank-dis.

Lombard Banking Ord.-11 0. National &

Prudential 21-19/10.

Hayat Hank of Canada- £24. Royal Insurance Ord.—100% 30.

Trifin, Petrolet-45% 9. Burmah O1—M

Cell 11-18/32.

Treat

Ord-110 d. iramar Company-298,

Atrale Enginearing Babeack & Wileex Ord-17 1d.

Colvilles Ord=83% 0.

Dorman

Pan11. Kor 30 30,

Harland & Woll Ord-17 d. Fatal Fox-2 1.

Breel Co. of Water-37% O‹l, Stewart & Leyin Ord-410 Jul. Hummond Sous Drd-414 415d, Tube Iswartments 2. United Steel-120 Bd.

Vickerw 70-339,

Ficiric

Antoe. Elec. Indusirten--15% P. Aamo, Television "A" Orásala

trit. Electranje Ind=10% 41%0. THYL TẠI, CHiêng. Ordht Be Bien, de Mus, nifiairies-37a od. Englials, Eleefrie Ord-301. CHOEND FIRetro Ura từ Philips Lamp Works--210, itsdiffusion Batman 30,

Endurtelste

Assa, Portland Cemoni-71a 4d,

Boardman Murden Ord-18 Jd. Borax (Holding)--16s nd. Decca Records Ord-62 Pd. Dunlop Rubber Ord-25 10 Flens Ord-37%. Gilman (Holdings) Ord.--59 Rel. International Computers-is Gu. Turner & Newall Ord-Cds sted. Untlever Ord-144%.

Chemicals Imperial Chemical Ord-68 Ed, Monsanto Chemicals Ordis

10.

Cinerons & Television Age. Brit. Pletures4s 14. Bank Organisation Ord-23 75. Stel Theatre-09

Paper

Bowster Paper, Ord-Min Bd. De La Rue Ordin 3. Suteer Ord-430_9d. Wiggles Teape Ord-35a 04.

Tohareus British-Amer, Tob. Ord-65K 311. Gallaher Ded-401 20. Imperini Tobieved Ord---C)s Oct.

Atalar Beltish Motor Ord—13s told.

nwker Siddeley Ord-30s 1lid. Jaguar Cars Ori-09% 41%. Rolls-Royce Ord—45% 60 Westland Algeraft---100.

Texture Bradford Dyers-Son 1150. Called Pehlers' Orika128 470. Emurtap da Ord-33; 4:30, Fine Spinners Ord-238 44, Lancashire Cottan Ord-36x 2120. Breweries

43.

flers Co. Ord-38%, Guinness (Arthur) Ord-515 01. Ind Coope Ord-17 Du,

Storge

Great Universal bre: 24.

Great Universal "A" Ord-481

House of Penser Ori-524 Jd. Evans (7) "A" Ortl=6%,

Marks & Spencer "A" Ord-91 41.

Tate & Lyle Ord-10a.

! Drapery Oralund4_30. Woolworths Law. Ord.--504 92,

Miscellaneous

Bowmaker Ord-14 74. Brit, Commonweal ship. Ord.- 4.

Canadian Pactic Orth-$124. Cunard Sleninaisip Ord-19 10d. Forusial Late & Timbor-139. Funire Withy Ord-978 11507. Hongkong & China Gaan 231, Husan Ray Co. £4-38/22. Indo-China Det. Ord-21 1. Land Securitios Oril-27 P. & D. Steamy Nav, Def std.

"Miner

Antio

$1,

American Corp, SA-12

Brit, South Africa Co.-60% 63. Britian Tm uvealment-20s Bonsoildatne Zine Ord-67% 30.

De Bores Def-1339

London Tin Corp-1.

Mount 1878 d.

Peinjing Tin-11* 411⁄2d.

Mand Selection--36¢ $1.

Johns Manville Ca Kaiser Industries

512

60%

Kennecoft Copper

Kimberly Clark

•$343

Liggelt & Myers Tob. Ca.

4012

Litton Ind.

14392

Lockleed Aircraft

taly Malip....

Loew cars.

Lone Star Conent Co.

Lorillard P.

Lowenstein & So

McDermott 3. Ray

McDonnell Alterat

Merck

Minnesota Mining

Medan Development Monsanto Chemical Co. Montecatini

Montgomery Ward

Motorola The.

National Blacuit "Co.

National Dairy Frid. National Lead

National Steel Corp. New York Central

ANSPO

New executive aircraft to

display

go on

· London, Aug. 28.

The Masefield-BEAGLE B 206 designed to fit the particular needs of executive air travel is to be shown for the first time at the Farnborough Flying Display from September 4 to 10.

[1]

the up

oulting

The base paranieters were de- (yeur Peter Masefield invited a in 15 months ago following distinguished company of talent exhaustive market study and experience to examine the made by Peter Muzefeld, whepropusnis. then drew

Pilots.

totalling between spt zinention mid layout of anthem more than 100,000 hours aeroplane designed specifically or flying, tried various types of to fulm the sinted needs.

contral column arrangement, Thus, in briel, wire the wrangled over instrumentation made and systems controis, ability to dy 1,000 miles in com- fart, night or day

then all In All

extensive notes and thrashed out the optimum solu- | weathers, with a full payload

found flop

the conference Jared in a journey time of around five hours. I was also required

In addition to the busle Ave- that the aircraft should be

version of the aircraft simple to operate and malutuin. 1

are six other planned in the any where

world, be here ceonnte In running costs and cabin configurations designed to serve the special requirements competitive in first cast,

The siln lines of the plane, follows:

They are as of various users.

dlspulse 19 cabin of unusum

Six-cent executive: Soven- spreiousness: The instrument

sent excwive: Five-sent couchelle parel, for example,

actually

table.

wider than that of a Viscount, (day) and Four-seat couchetto the B200 is the only air. (night): Five-seat pilotage and navigational trainer; Three-seat Craft of it size with full tollerline trainer: Two-stretcher and washing amenities. The

plus two-seat ambulance and

The aircraft is powered boy two Rolls-Royce Continental 10-470A engines of 200 b.b.p. cach delving Duwty-fotol v.p. feathering LPS.

spotiveret is, of course, compre- "Flying Doctor" acroplane,

bensively equipped to full air- ways standards.

An Ingenious arrangement in the planning of the five-scat cabin provides for the middle portion of the three-abreast oft seal to side forward, thereby giving access to a door in the rear bulkhead which opens into the toilet compartment.

York

New

cotton

New York, Aug. 29. Cotton hold extremely quiet and steady today with very little news to stimu- late trading.

Interest

The luggage door is on the port side of the aircraft und ix two sections, the rearward of which Incorporates the integral alr-stairs. These make

entry and exit extremely easy.

The arrangement of controls, instruments and the front acat- ing was decided at unique mock-up conference. Late last

Despite the general slowness UK fire alarm system

for luxury hotel

In futures, the open continues to build and has In- creased moderately for the past 18 trading days, it now stands at 458,500 bales.

Total registrations for the new scar amount to 1,837,910 bales, compared with 1,203,333 in the comparable period last year.

Cotton opened one to nine Dolnis higher and ruled un- changed to nine higher at two this afternoon.

New York closed and puint lower to five points higher while New Orleans finished the same. -UPI.

Chicago grain

I

metal propelleza,

New German-built ship for Israel

Los Angeles, A beautiful ship, built in Germany and flying the flag of Israel, arrived at the Port of Los Angeles recently for the first time to unload wines, marble, paintings, fish, motors, glassware and loather of goods from the ports Italy, Franco, Spain and Portugal, as well as Israal. 475-1003, The Deganya, à 10,295-deadweight ton freighter, protected by a was named after Irael's flyst system made kibbutz (collective form), The United original meaning of "deganya" is cornflower. (Sec picture whose below),

London, Aug. 28.

Teheran's

nowest luxury hotel, the Royal Hilton, will be

fire alarm

by a Leicostery

Kingdom, firm

equipment

it in

uso in

Alding port officials in the

many parts of the world. traditional welcoming ceremonies was Apida Paz, 19, who re- The system to be installed in

Iaraci in this year's the Royal

Miss Universe competition and Her

Hilton will Include presented more than 80 Bre alarm polnis,

all operating on a closed elreult was one of the 15 finalists,

connected to a 25 name means "future gold." principle,

Albert Perrish, member of Signal Indicator control panel.

To make the system as fool proof as possible the mechanlam

been designed to give automatic Dotification of

108

any

the Board of Harbour Com missioners, presented the ship's master, Cant, Reuben Elon, with the Fort's Angeles Gate plaque commemorating the malden voyage.

fault which may occur, mich os the accidental breakding of the

The Deganya was built electrical alarm wiring circuit.

Bremen last year. She has a Firo alarm systems made by cargo capacity of 556,281 cuble the company can be adapted to feet (bale), n speed of 15 knots, many different types of build- and offers comfortable accommo- Ings and Industrial plant, dallons for six passengers. including oil retinoles.

Chicago, Aug. 29. Favourable crap weather and threat

of a grain handlers' strike later in the week acted to depress grain futures prices today on the Chicago Board of finn has recently received an Trade.

order for such a system for Commission and other sales relinery in Karachi, Pakistan.

9312 7622

National Cath Reg. "A"

40

TER

Norfolk & Western Ity. North Amer. Aviation Northwest Airlines (Com.) Oklahoma Nal, Gas

201

32

23

32

30

of wheal more than offset ex- LPS.

Olin Mathieson Olls

Clam Oxford Paper Co. Paclic Gas & Elec. Pan American Airways

Paramount Pictures

Farke Davis Co.

Per Salt Co.

Jenny J. C. Co.

Phillp Morri

Pintay Howes

Procter & Gamble Co.

Pittsburgh Plate Glass

Publicker Industries Pullman

Pure Oil

Radio Corporation Radio Corp. Pref. Baythesa

Republic Stevl

Metal

Reynolds barr

Royal Bank of Canada Royal Dutch

Rheem Mfg.

Hears. trebuck & Co.

Shell O Co.

Sch

porter demand for December

30 deliveries. A fairly good de-

mand developed on the decline.

1241

Some mill demand and hedge sales were reported.

4033

2011

West Germany bought 760,000

bushels of hard wheat.

Offers

went out on large amounts of wheat to Formosa, Pakistan and Germany.--UPI.

Wheat purchase

Ottawa, Aug. 29, The fourth grain purchase from Canada by Chinn this year is expected to be announced this week by the Canadian Agricul- ature Minister, Mr Alvin Hamil- ton, the Canadian Press News Agency reported today.

17034

The Agency said it understnod the amount would be small- about six million bushels of bowheat-according tu sources

Safeway Stores

Saint leg. Paser

Scuti

Biegler Corp.

inclair Oi

20

40

Smith, Kling & French

171

Soenny Mobil Ol

South Puerto Rico Suger

23

Southern Co. (The)

Southern Natural das

Southern Pacifle Co

Houthern Railway (Com.)

54

fiperry' fanet

20

Aquare D

Standard Brande

Standard 3 of Chi

Standart C of Ind. Standard Oll út 2.3. Bleel Co of Candia Sterling

Rhodesian Anglo-Amor. Ord-69x Blakely-R CO.

Bhokana Corp. G

Ria Tinio (Beareri-358 Tigit, Jean Antelope Copper-tsad, Lipton Corporation=47a joiyd."" Wixomas Cuid Mini-18 0. Western Haltinga–117% RA. Boullar Melayan in--30.

Runner & Tene Angka Indonesian Plate 1954. Ceylon Teas Ord-209 44. Imintial Tea Org

4.

Įtanja Lumpur-Kapongi td. Emankiak ziukkerudia Id.

Heuter.

"Camp.

tane & Webser Studebaker Packard Corp. Honking Mining Awit Arce,

Textron Inc. Thinkol Cheng, Za Waler Ol Tima Jne.

Travelnts Inc... Twestieth Century Fox Film Unton Cartalde

Uniz

Oll of tál."

Union Pacido Ballway

United Alcornit

on

here who were commenting reports late last week that the deal would be announced short- 1yChia Mall Special.

Tin price rises

Singapore, Aug. 20.

The price of tin climbed to U.S.$125 per pleul (133 pounds) today, an increase of U.S.03.

The sharp increase followed

is a leap in London's overnight price. Tin dealten hero attribut-

tho riso to continu shortage of supplies and in- creasing world demand-UPI.

The

After discharging her 600-ton cargo for Greater Los Angeles, the Deganva salled northward for stops at other Pacific Coast ports.

Pawing in their tour of the "new" Zim carpotiner, M/3 Degingo,_are (from left); Albert · Perfiah, member Los Angeles Board of: Harbour Commissionere; Miar Aulda, Far. Imrael's ghiry in 1961 Miles Universe "contest; and ship's master, Capt. Houben Elan,

I

T