1961-09-19 — Page 2

COMPETITION FROM

THE CHINA MAIL, TUESDAY, SEPTEMBER 19, 1961.

FROM Dag's death touches off

HK HURTS MALAYA New

from

Gregory Wong

Kuala Lumpur, Sept. 18. The flood of law-priced batteries on the Malayan market from overseas countries, Including Hongkong and Japan, has hurt Malaya's three young battery factories, all of which operate under pioneer industry status tax free operation for a maximum of five years.

The three factories are now making representations to the Ministry of Commerce and In- dustry to oruleet the local in- dustries by increasing the duty on importeil batteries and the waiving of duty on important raw materials used ic the manufacture of batteries.

Crnisgy

The

Batteries (Malyn) Ltd. have said that if something

th was not done, Inglory's production level ny

be affected.

Mr A. V. Maxwell, chain of the board of directors, said that while the labour force em- ployed by The inctory Wik

steadily growing, "It is never- theless short of our expecta- tions, due mainly to competition | funt imported hatteries."

York decline HONGKONG

New York, Sept. 18.

Stocks declined and mostly suffered losses in heavy trading to-

day.

Apparently, the decline was touched off by the death of Mr Dag Ham- marskjold and subsequently aggravated when the market slipped below an important downward resistance level in the Dow-Jones Industrial Average.

that

The inay

Only ear industry stocks re-i teries and sald. the factory's stated the downturn among the sales had dropped so tow that major ups, reflectlag ex-

pretations

General it was producing only a quarter Motors strike

be settled of its capucity of 50,000 bat- teries a month. Fifty workers before the week is out. hot to be laid off and others were put on short time.

UNIT TRUSTS

Declines in steels were rein- forced by the failure of produc- Bon to rice us expected! Inst metuls wick and the drop la was accelerated by reports that demand is slipping in the face

Utic of strike settlements in $1.33 and Chile.

Firat Honghong Fund: (buyer) $1.21 (soller).

Second Hongkong cents thyer) 94 cents (seller). Fund: 88

Agreed merchant

rates

ta July. the Malayan Bat- teries Limited spoke of "deli- ! West German Deutschemarks berate damping" of radio bat- Maximum Selling 68-11/16.

the bluc chips, Among Can, American Telephone, American Dil

Alcon,

Anncunde,

Poni, Procler and Gamble and United Aircraft were

Dow-Jones Closing Stock, Getty Ou Averages:

Glidden. Ca.

30 industrials, 711.24 of 5,04. Goodrich D. Fa Cu.

Doodyear Tyre 20 ratis, 142.50 ott 1.39.

13 Utes, 121.05 of 0.15, US stocks, 237.80 of 1,43.

Closing prices

AbRibu Pwr. & Poper Algoma Steel Curja. Afted Chemicals Allied Mills Inc.

Alls Chahuers- Am. Broke Shoe

American Tel & To Ford was up nearly two American Tob

Ainpex the car group after showing 11

Copper Aw.conda mised trend. Studebaker moved Amico Steel ahead a fraction on heavy trad-Armour Ing.

Asbestos Corp Balwin-Lam-tain Baltimore & Ohi Bank of Montreal

403

Gramen Aircraft

Idaho Puwer Limperial

Serisi Tobacco

44% Ingersoll-Rand

STOCK EXCHANGE

by

Our Own Correspondent

London stock

market's

tone improves

London, Sept. 18. Increased investment interest cheered the stock market today but dealers said it was more a case of Improved tone than bigger business.

Businces done on the Hong- Japanese and Greek bonds cong Stock Exchange this were din in the foreign sector, moming amounted to appro-alt-edged

stayed quiet but Noon hin, 44ximately $1,420,000.

quotations and the morning's Transactions:

Tins lust

and arm start closed mixed, gökła were ir- Khatre

regular but coppers moved upwards,

**

da'd

NO M 348 202

252 HU 352 11.30 1000 330

100012.10

4000 11.10

2000 11.20

13%

4314

72

451

Great Northern Railway

Ouit Oil

Hummond Organ

$11.

tlemestake Mining Cu

Helen Newport Corp.

2012

Buyers Sellera ELIO

40

Hefei,

DOT

K Bank .. 340 344

3040

1024

15

0214

21 Ininud Steel Co.

41

Allies! ity. 11. FE.

#

401%

talerchemical Corp.

301%

Iny.

V

Am. Mach. & r'dry.

Am. Cable & Radio Cost, American Cyanamta Cu. Amer. & Foren. Pawer Am. Gas Floofric Au Home Prod

119% Int Business Machines

547

415%

Int Harvester

3211

.K. & F..

Inv. (R)

International

International foper

341

Wharf

200

In Tel Te!

44% Wheelock ..

11.

41

Rather Industries

101

American Metal

2

Kanan C. Tower & Ligh

7A

down

Am. Natural Gas

703%

Kennoze Copper

8311

large fractions to over a point.

Am. Sugar Ref.

American Smelting

Kimberly Clock

32

Liggett & Myers Tob. Co.

Wheelock

[Nyi

10.70 11.30 1240 11

1107

Ly Tulip ...............

43%

in

94

Lockheed Aircraft

493%

HK Duck

1D9 416 400

110

101

Lowa Incorp.

3411

200

111

Lone Star Cement Co.

195%

550 119

7214 Lorillard P

Talkoo Dock

00005

46%

Lowcartely & Sons.

1434

McDermoti J. Kay

12

Provident

30

+

1644

McDonnell Atrerafi

364

NK Hotel..

30

637%

HK Land

63ab Clay

Monato Chemical Co.

Bank of Nova Scoila

THA

Monteential

329%

Ex. Div...

184 60035)

Beer Life Sayers

70

Montgomery Ward

ik Realty

Bell Telephone

25%

Moterida, Jur.

7016

Ex. Div.

2.29

Beneficial Finance

061.

Natia Reuit Co.

7712

HK Tran

21, 30000 3.225

2014

Bendix Aviation Corp.

634

National Casit Beg. "A"

11002

K. M. Bu

Benguet Cons

National Dairy Prod.

71 72 100 22

£70

thlehem Steel

41%

National Lend

Boeing Airplane

Borden The Co.

National Steel Corp.

902!

Yaumati

108

New York Central

10

Ch. Light

322

342 35

Titrousha Add Machine

30+

Norando Mines Ltd.

ยา

15458344

126 2

British Amer. 01

31

Norfolk & Western Rty.

1017

100 or 34

Brilia Columbia {>wr.

North Amer. Avlation

$4

Campbell Soup Co.

Cana. Uk of Comm.

Northwest Airllars (Com. ||

2014

E

Oklahoma Nat. Gar

HK Elve.

Ex. Div.

3822

34

Canadian Pacific R.

Olin Mathies

Cal. Tractor

371

Celanese Camp C. 1.

026 05a

67%

2017

Parke Days Co.

vi

Penny J. E. Co.

Co.

464

Penn, Sait. Co.

6215

Philip Morris

Piney Flowe

1512

77

10

ちろちら

3515

10th

Radio Cap. Pref.

11.10

Flytvenn

5.70

1024

Republic Steel

01%

City Hotel

23 3745

671

Reynolia Tobacco

423 |

Bank of Canada al Duleh

70%

Locni

30%

P&P

20.80 29.30

400 20

समस

Salewny Storei“

Lone, Craw

6300 39

001

2239%

IC

3739 le

20.

500 m 58

25

23 35

14 34.43

45

43

Ferro Corp. ......

Firstone Tyre & Rubber

47

Southam Natural Gas

General Dyntenics

20

Southern Pacific Co.

10.00

Genernt Electric

742%

Sperry A

Dis

Square D

4B

Standard Trans

31

Standard On of Cal.

Crown

Que Elevatork

Owen-Illing Glaus

Oxford Paper Co.

Pacific Gas & Fire.

Pan Americm Airways

pouzit Petures

Procter & Gamble Ca.

Portland Gen. Elec.

Partland Gen. Elec.

Publicker Industries

all

さ

10

34

Telephon

Olü (It(s)

HK GS

Glinan

Jardiner

100 3510

મ 30 1000 er 30 159

300 181

19.04 BU 500 I 60

22.90 23.20

G.I. Cement

Dairy Form 34

Textile

Nanyang

Amul Rub.

A

Schenby te

Froll Piner

Siegler Corp.

100.netair Oil....

Smith, Kline & Frenchs

Sony Mobil Ot

South Porto Rico Sugar

Lane, CruW

Cald. Marg

(Ord)

Humphreys

Macan Elec. Hope

Construction 18.00

Vibro

PUBLIC WARNING

King Size is a trade name, first used in the work by the Rothmans group of companies, to denote extra quality, plus extra length.

Since 1958, Rothmans King Size has been the world's largest selling king size virginia cigarette, and is the property of a group of inter-locked companies who, in 1937, invented the world's first King Size and, in 1951, the world's first King Size filter cigarette.

Rothmans King Size are made in 10 countries

on 4 continents, exported (primarily from England) over 120 countries and sold by over 60 major airlines.

to

As a

result of the above, numerous new brands have attempted and no doubt will

continue to attempt

-to imitate the specifica- tlons and design of the original and genuine Rothmans King Size.

To avoid confusion, know ye all men. by these presents:

Financial Cor Chare Manhat Bank

Chrysler Motors

Chuett Penbody

Coen Chia

Colgate-Palmolive

Colombian Carbon Co Commercial Credit Coming Glass Works Consolicited Edition

Consumers Gna

Continental Con

Continental O of Del.

Creole Pet

Zellerbach

Cuban Amner, Sugar

Delaware & Iudan Co

Diamond Alkati

Diamond Nalt Distillers-Seagmina Douglas Airdraft Dow Chemical.... Dupont de Nemours Eastern Air Line Eastman Kodak

El Pan Nattirat Cas Family Finance Corp.

General Pands

General Malore Gen. Pub. Util. Gun. Tel. & Elec.

Gen. Tyre & Rubber

U.S. cotton

consumption

Washington, Sept. 18.

The Census Bürenu said today that 690,180 runing bales culton were consumed in Unlied States in August, coin- pared

with $34,011 during August last year.

In its monthly report Q11 Cutton and Linters Statistics, it said 8,260,300 bales were eas- months sumed during the 12 through July, compared with #025,805 during the same period

a year earlier.-UPI.

Standard Oil of 2nd.

Standard Cât of NJ.

Sione & Webster

Studelker-Packard Corp. Sunshine Mining

Switt & Co.- Texas Co. Textron The. Thinkot Chen, Tide Wator Oil Time ...... Traders Finance

Travellery Inc.

Union Carbirle

U.S. Rubber

U.S. Stect Warner Bros. Westinghouse Air Broke

Verse Sicetrie

Union Tel, Co. Winn-Dixie Stores Woolworth (K. W.) Zeth Raslo

700 19.20

300 + 10.80

300 10.70

1500 or 19.70 40004.03

330 23.20 200 # 23.20 100 v

000 + 2614 400 3315

Exchange rates

wall done in the local exchange market this horning at the following raben j

British Petroleum gained six penge to 43/9 but other leading oils saw little change.

Tens tended higher paced by Duom Doorna bul rubbers were idio-UPI.

Closing prices

Brush Government Securities 215, Consolidated-CM

31%

3%. Saving 80-21/32.

Ravings 1960/70E78-17/18. 33. Bayinga 3. War Loan-&-

OTICRO Bonus German 1.

2. Japanese.

Banka 4 Insurance Barclays Ori-734. Chartered Bank-32 3d xd. Guardian Asurance—336.

at 175. Lande! Frum-438. Lloyds Bank-01 3. Lombard Banking Ord-14 UL. National & Ormulley-123 34. Prudential Assur. "A"-92-11/16. Royal Bank of Canada-€275.

British Petroleum-2 P xd, Burmah

-

Shell Transport Ord-11an ad. Royal Dutch-11. Ultramor

4520

Babcock & Wilcox Ord~25% Gd,

71941.

Colvilles 9 31x1,_

Dorman,

Guest, Keen Ord- 103. Harland & Wolft Ord-1 d. Metal Dox-828.

Steel Co. of Wales-No Chad. Summers &

Tute Investments-91. Vickers Ori-ectric

United Steel 44 1d.

ad.

Asoc. Elec. Intuiries del. Assoc. Television "A" Ord-30z, Birmingharu Sound-40% 34. Bril, Electrople indo su x. Heit, the Callender Orgs 3d. Elec. & Mus. Industries-30s. English Electric Ord-296, General Electric On-284 64, Plililos Lamp Work—–£10-1/10. Radiusion Ord. 1d.

Industrists Assar. Portland Cement-15 7150. Roardman Marden Ord." fiprox (Holding)--15 Od. Decca Records Ord-621 Dunlap Rubber Ord-25

d.

10.

Fons Ord378 $1358 40.

Gliman

International Computers-ls id. London Brick Ord-1s 3d. Tumer & Newall Ord-02 71ad, Unilever Ord–142 R Wiggins Tense Ord-54% Rd.

Chemicals

Boots Pure Drug Ord- 9. Imperial Chemical Ord-63% 1914.

Cinemas & Television Assoc. Brii Picture 40 d. Rank Stoll The

Ed, P'Riter Hawater Paper Ord--40s Bu xd, De La Rue Ord-53. Spicers Ord- 3d. Tobacco British-Amer. Tob. Ord-4s . Gallaher Ordita 7d. Imperial Tobierp Ord-80 British Motor Ord-1 Hawker Siddeley

Motor

34.

6c.

Jaguar Cots Ord-0-30% 154. Rolls-Royce ard-134 19.

Bradford Dyern-10 (4).

Itongkon & China -239, lludeon Bay Co-£431. Indo-China Det..

and Securities Ords 4k. 3. & O. Steam Nov. Det-374 £2. allnes

Angio Amarica Corp. 8A124. Brit. South Afrlen Ca-69 ex. British Tiszte

-JUN Gd. Consolidated

De Beers Def-1395 94,

London Tia Carp-10% 41% xd. Mount -50

Petaling –101. Kun Setection aja da. thodesian Anglo-Amer.

Rhodesip

Ord-52-

Trus-a #d.

Rio Tinto a 5s,

Roan Antelope Coppar Selection Trust Ord-97 Tronson Mines-05, Union Corporation-IE. Welkom Gora

d.

3.

Trust-43 Western tolding-B37= 34d) Soulhern Matayan Tin-325.

Rubber & Tean Anglo Indonealan Plant-4 d. Ceylon Tea Ord-10g 84. Imperial Tea Org--164 04..

Cunta Lungiur-Kepong-Ja 14, Lambak Rubber-179 €6,

Reuter

West Band Investimes ed.

New York

cotton market

New York, Sopt. 18. Cotton futures continued to be a quiet and mixed affair, with the new crop (1962 - 631 deliveries showing relative strength as nearby months faltered under liquidation.

Closing prices ruled #inc points lower to 15 points higher. The market opened off four to up cight' pouts. New Orleans closed nite lower to 14 points higlur.

Commission house buying in the far forward months dia- closed a scarcity of contracts. Part of the demand was coupled with the prospects for sizable entries under the governanci Joan programme.

com-

Lagging tendency in nearby months reflected light mission house offerings and a fagging trade demand, reflecting improved crap and increased hedge pressure as the harvesting. gets into full swing over the ensuing weeks.

The weekly crop report of a | lending Texas spot firm indicated varying damage as a result of recent hurr|cane Corlu, But more attention was turning to

1be new and threatening hurricane weather, which us last

been reports,

moving

has

Conte (JP) Paton & Baldwins-14soward the area.

Business

uno Melal

U.S. dollar (per $1)

8,700

Sterling notes (per Ell

15.00

Tri-Coni. Warrants

Australian notes (per ¿D

13.54

Twentieth Century Fox Film

Japanese yen (per 100)

150

137

Cambodia riel (per 100) ..........

0.20

Union Oil of Cal..

34

French new frane (per 1)

1.ti

Wasiland Ale 160.

Union Pacifte Railway

3432

Brazilian cruizeiro (per 1001

100

of

United Aircraft

40%

Argentine peso (per 100) ....

6:45

Calico Printers' Ord-13 34.

United Fruit

Korean hwan (per 1,000)

MAO

the

United Gay Corp.

Italian ra (per 1,000}

8.00

7265

U.S. Gypsum

Chinese JM (per 1)

040

U.S. Line Cn.

Taiwan yuen (per 10)

1.30

Fine Spinners Ord-233 6d.

Thai baht (per 100)

27.00

U.. Smetting

2414

Burmers kynt (per 10)..

5.75

821

Pakistan rupee (per 10)...

7.12

Cas

Mocno pataca (per 1)

0,004

2012

Norwegian krone (per 100)

7.53

103

-UPL

Philippine peso (per 1,..., 431 Singapore Atratta (per 1) 30% Swiss franc (per, U..... 7412 Netherlands guilder (per 11

West German D-Bark (per 1 Cuban peso (per 1) ***** 0.71

1,40

100

134

142

Yesterday's Closing

COMMODITY PRICES

DINIOJA

EXCHANG

.97-1/32

2015

2.2323

2.5010

-UPI.

Rothmins KING SIZE

TRADE MARK

The public and trade are hereby warned that the rights in this mark are the property of the parent Company of Rothmans of Pall Mall and interlocked companíra and any imitation of this trade mark may lead to drastic action by the proprictors,

BEWARE OF IMITATIONS

The neme "Rothmans" and the Rothmans King Size labels are re- gistered in over 70 countries. For the genuino article look for the name "Rothmans" on every prak and on every cigarette.

ROTHMANS of PALL MALL

Export Ltd., London.

(Incorporated in England)

HASTINGS & Co.,

Solicitors & Notaries

NEW YORK Closing roles: Cortada England official

30-day

Australia New Zealand

Other unchanged.

2.8140

COTTON

NEW YORK

Closing prices all in cenis per

1b,:

Apot

Oct.

Des

May

1.:

Marina Houte,

15-19 Queen'e Bood C., Hong Kong,

fac

July/Snorkels, c.1.f, basla, ports:

Ceneral

Mixed Contract

24.05

Sept. Oct.

-UP.

RUBBER

NEW YORK Rubber futures closing prices,

nli in cent per 1b.:

Nov,

Mar.

May

Juty

Bept.

REX BLATIdard

10.00

2045

20.40

217.30

28.30

29.15

24.18

20.15

SINGAPORE

Cloning prices all in Straila cents ner b. fo.b. Malayan ports:

Estate crepe thin Oct.

thick Oct.

AMSTERDAM

2315-2546

2917-242% 2012-203

Closing prices all in guilders

per kilogram, c.l.f. Sept.

No. 1 rubber

No. 2

Ho, Jaber

No.1 cre

2.35 buyers

travers

buyers

buyers

-UPL

METALS

NEW YORK

Closing prices all in cents per B.;

Lead Bept.

Oct

Zina

Gept.

Copper Fool.

Oct.

LONDON

2018

10.30

Courtaulds Ord 330 4d.

Lancashire Cotion Ord-sis 715th,

Distiller Co 415d. Guinness Arthur Ord Ed. Ind Coope Org-12€ 10%4.

Storei

Great Universal Ord-54% ad. Great Universal "A" Ord-501 3d. House of Fraser Ord-38

Lyons "A" Ord-571 71. Marka & Spencer "A" Ord-1023

-Tate & Lyle Ord—46a (and.

United Drapery Ord-45 d. Woolworth (F.W.) Drd=33" 1998.

stigeetlanes Bowmaker Ord-In

1952. Dr. Commonweal Ship. Ord.—374

Croadian Pacißo Ord—414U. City of London Real Prop. 730 44. Cunard Steamship Ord-178. Forestal Lend de Tyinber-12. Furness Withy Ord-30 34.

Chicago grain market

Chicago, Sept. 18.

Elsewhore, increased weevil activity was noted in Fome sections. UPI,

World rubber

market

New York, Sept. 18. Rex rubbar futuros today closed, unchanged to five points higher with sales of eight contracts.

Standard rubber futures closed unchanged to five points lower with no sales reported.

Terminal dealings were, hard ly broad enough to develop a feature, traders sold. Dealers were on both sides of the smal business done,

Equally dull conditions were Grain futures prices ware reported on the outalde market,

Irregular at the close of shipment offerings Wero

ported scorce, and factory la- the Board of Trade today terest in the delivered market with

mony recovering Vinlted to a routine check on from narly dips.

prices.

Both wheat and corn opened Locally, spot No. 1 Ras wes lower with corn 'making 'now | quoted 30% cents and current seasonal lows before price re-month 30 cents, botli nominal, cavery bepught about by buying

contract on

of the December

Commodity Research Dureau spreads. Local shorts were also today nald "world supply and hevy buyers.

demand for natural rubber arg Liquidation caused early derclagely in balance, a situation lues in nats with a fair amount that often bas allmulated sizable Closing prices, all in sterling of buying on the break by bolk price rises. However, as a result of males from the government per long ton:

Tin

35.40

34.00

50.11

No. 1 Bapt.

Oct.

No. 2 Hept.

39.30

No. 3 Sejt.

35.50

No. 4 Bent,

10,09

Boot rubber unbated

9955-831

Blanket crepe

Bayer Sellars

Re. 1 pale' Trepe

LONDON

per ib:

Closing prices all in pence

pot

hortli Copper

141

MI

2545,

Apos

32041

-montli

13216

234

20-7/10

Lond

Ope

3-ment's

23,05

#pat

LIVERPOOL Closing prices all in' panca per

American Contract

commission houses and shorts.

Meanwhile soybeans weaken-stockpile

and mounting

coin-

ed early with deptember under petition from synthetic rubber, the mosi presure on reports of there is little enthusiasor in the the weather and increased re- rubber market. ports of combing. Several Targo houses sold the January cou-was quietly steady. But wan quoted at 25:7/10.. No. 1 Bas

tots irpot.

In London, the rubber market

At outside markets grain * 20 25 with no business. 244 futures prices were mixed →→ Aterdami, rikter market

UPL

was very quiet today-UPI.

萨