1961-10-05 — Page 2

Pago Z

THE CHINA MAIL, THURSDAY, OCTOBER 5, 1961.

New York market Ten seconds to death

advances Widespread gains

Now York, Oct. 4. Stocks moved ahead sharply on a good turnover today, closing near their highs for the day. Trading improved over yesterday's slow pace by 500,000 shares despite a mid-afternoon lull when traders were diverted by the baseball world series opening game. High speed tickers ran late in the closing minutes.

Sterk and motors generally

were up actions

ม

1 uver point, with Jones and Laughlin sund Youngstown

Penn. Sub Co.

Tall Mort be Pitney Bowes

Procter & Gambly, Co. Pamburgh Plute_

ahend und vortland Cien.

11⁄2 und Ford up aboul thre

Publieker Rydustries

despite the car slřiku which hus! Pullman

mit den its plants.

Texas Instruments

around 144.

slipped

Tokay's volume was 3,380,005.

..

or a total 1,201 shares traded, 752 were higher and 310 lower, American cechange volume amounted to 1,430,000 shares.

Fonds volume amounted to $5,100,000.

Dow Jones closing averages;

Pure Of

Rrote Corporati

al Corp.

Raytheon

Rublic Stee

Peef.

Reynolds Metal

Reynolds Tobacco Royal Bar of Canada Royal Dutch

heem My.

Sears Bonbuck & Co

Shell Oil Co.

Safeway Store<

Yont Heg. Puper

Schenley JOE.

Beult Paper

in London

market

London, Oct. 4. Forecasts of better times ahead for Britain's economy and last month's improved gold and dollar reserves cheered markets today and produced a broad array of plus signs for both equities and bonds.

Trading volume stayed anall but the reappearance of buyers suon put equities on the upswing, must leiders closing with gains. Unilever jumped ahead 4:00 to 142/3d. British American To- bucco, Courtauld, Lancashire

Colton, Glaxo and Jaguar cach showed rises of one shlling or ymore.

Imperial Chemical. Vickery small Woolworth gained

3

2

Siegler Cotp

Stuclair o

36 Industrial

703.31

20 tals

140.95

Rucony Mobil G

Saudi, Kine & French

10%

*29

South Puerto en Sugar

And fractions.

15 Wales

124.62 Southery Co. (The)

65 Stock

240.20

40 Bruis

83.63

Southern Natural Gas Southern. Paellie Co. Sperry Rand

Conn. future prices

index

Alie Chengas

Stone &

my.

Closing prices

Alatibi 'wr & Tapes

Share

Standard

Brands

145.98 Standard Oil of Cal

Standard Olf of Ind.

Step 1 of N.J.

tock

Sterling Drug Co.

Stokely-Van

Webste

Studebaker-Packard Corp.

Sunshine Mining

Bait & Co.

Texas Co.

Textron inc.

Take Chem.

To Water Di

Time Inc.

Traders Financi

VM inc.

Twentieth Century Fox Films

Been Carbile

Tuon Ou et Col

车 Union Paelfie Rattway"

Unted Alteratt

United Pulk

Alden the Aes

Algoma Steel Corp.

All Mills ne

All Chahners

Am. Brake Shoe

ななきゃ

American Alchne, poss

American Cable & Hacje i op

184.

American vonamid to

405%

Amer. & Furgn. PowT

Am. Gas & Eli

Am. House Prot

Am. Mach. Fdry

American Metal

A. Natural Can

American Tel & Tri

American Smetting

A. Sugar tet

American Tour

Auspex

Anicenda Coppe Aringo Strel Armour

Arbestay Corp.

Atlas Cens Mining Batwin-Lima-Tarn.

Baltimore & Ohio, Bank of Montreal

Rank Nova Sentia

Bell Telephone

Benefrial Finance

Bendix Aviation Corp.

Beech Lite Snwerk

2400

Dillars stocks were irregular'

2 with its a shade easier. British oil leaders mel a buying flurry and moved upwards."

742

121

41

Gilt-edged scored fractional

gains across the board.

n

Gold mines registered up series of good gains mainly on Cape advices while London trading was tiny. Coppers and tins receded.

Japanese and

hardened.

Greek

Londs

Selected tea stacks improved but rubbers stayed dull-UPI.

041 1723

-Cont. Warrant

2

39

253!)

34

AU

118

Ursted Gas Corp.

US. Gyuszam

39

08. Rubber

71

15. Line Co.

1. Setting

46. Seej

7

ab 60

237%

564

na

Benguet Cogy.

Bethlehem Steel

Buring Alrutang

Borden (Tin Co.

Burrough Add Machine

:13

B: Amer. O

Brkish Columbia Pwa

Caftr. Packing Com

Cana. Bk. of Commi

Cann. Drewer

Campbell Soup Co.

Cap 63 TJ (36.

Celanese Corp.

Chase Manhat. Bank

Catician Paciße R.

243

Cat Trelor...

70%

C. I. T. Financial Carp

DIK

Rib Reiga

Chrysler Motors

501

Churit Pealsody

Con Coln

Colgate-Palmolive Co.

Colombian Cariam Ke Commercial Credit

47

Corning Claus Works

Consulates Exfisicat

812

Consolidated Paper

40

197

Consubiers Gas

Continental Can

Continental Oil of Del

Ciesle Pet

Crane Co

Crown Zellerbach

Delaware & Hudson Co

Diamond AIRIJI

Diamond NAUT

Butlers-Sengraina

Douglas Alecraft

Dow Chemtrai

Dupont de Nemours Eastern Air Jino

Eastman KHK

El Paso Natural Gas

Fatally Finance Curs.

Ferro Comp.

Firestone Tyre & Hubber

US. Ste 1 PC PE

Warnet Bro

Wakesha Motors

Westinhouse At

Henke

Westinghouer Etcirle

Western Union Tel Co. West Ve. Pulp & Paper Wonjwaeth (K.W.) Zenith

New York

sugar

New York, Oct. 4. World No sugar futures today closed unchanged to one point higher with sales of one contract. 47% Domestic No. 7 sugar closed 64% two lower to one paint higher

with sales of 203 contracts,

Apart from an exchange, of a block of 200 November con- futures for

tracts in domestic

actual sugar, the situation re- mained featurelez. The

raw

sa market was unchanged.--UPI.

First Nat City Bank xd in1926 101740

Ford Motor

Gatineau Power.

General Dynamics

General Electric

General Formula

General Motor

Gen. Pub. ʊU.

Gen. Tel & Mec.

Gen, Tyre & Rubber

Gels Oil...

Glidden Co.

Goodrich (B. Fa Ca

Goodyear Tyre

Great Northern Balkway

Grumman Aircraft

Gulf D

Hasan

Organ

Heyden Newport Corp.

Hiran Walker ........

Husson letria.

Idaho Power

Homentake Mining Co.

Closing prices

Briush Government Securities

Consolidated-302. Conversion-2013.

Savings 1999/45-EB-27/32.

30 Savings 1001/70-731

3. Saving. 1963/13-E63-7/10.

Overacts Bonds Getinau (Dawes]TM 202!1⁄2. Japanese. Ascented-100%.

Hanka & Insurance

Barclays Ord-4 d. Chartered Bank-4 64. Guerdian Asaraner-103 3d. Hongkong Bank-10 Landel Trust-42.

Lloyds Bank-628 kl. Lombard Banking Ord.-13 61. Nationi & Grindleya-ls 34, Prudential Assur. -£21-15/16. Royal Bank of Canudin - £27. Royal insuratice Ord.42 10. OIL

British Petroleunig Gr Surmak Oil--35, 34,

Shell Transport Ord-118s Bil. Royal Dutch-211-7/10. Uliramar Company-205 715.

Steels facinesring Babcock & Wilcox Ord- 34. Cutvilles Ord-33 d.

Dorman. Long-s

Bd.

Gilman oldings) Ord-4 £3. International Computers-881 9. Jurner & Newall Ord.-478 7:20. Unilever Ord-142% 30. Wiggins AEs Ord-60s Gu,

Chamical Imperia) Chemlest Ord-30€ Oct. Honanie Chemlanis Ord-15.

Cinemas & Trievidion Assoc. Brit. Picture 15d Rack Organtation Ord-258 30. So Theatrade 11d.

Bowater

De

Papet

La Rus Ond the p

Od.

feed (Albart E) Ord-dir. Spleers Ord-1 10550.

Tobaccus British-Amer. Tob. Ord-416. Carreras “ Ord-ös Ed. Imperial Tobacco Ord-4de Dr.

Motors

British Motor Ord--135 13. Hawker Siddeley Ord—231 30. Jaguar Cars Grd-110% ad. Rolls-Royce Ord—424 15yd.. Westiend Aircraft-171⁄2 111⁄2d.

Taxiex Bradford Dyer-12 4isd.

Calica Truters' Ord-197 Conts (P) Pat & Baldwina-41

Courtaulds Ord-32a 30.

Flue Spinners Ord-221 2d. Lancashire Calton Ord-da 74.

Breweries

Disers Co. Ord.-359, 3d, Guinness (Arthur Ort-1 St. Ind Coope Ora-12 d.

Btarts

Filch Lovell Öra—30% 105gal. Great Universal Ordua24. Greal Universal "A" Ord-40$ "House of Fraser Ord-18 B.

Lyons (3) "A" Ord—07% LİSE, Marks & Spencer "A" O-2011 Tate & Lyla Ord-135 d. United Drapery Ord-400 30. Worlworth (F.)"Ord.—51: 30. Miscellaned Bowmaker Ord—14k 754.

rit. Commonweal Ship. Ord.--30% 150.

Canadian Pacific Ord-<3!4. City of London Real Prep-716, Cunard Beamship Ord-(44 Forestal Land & Timber-19s 1'ad. Furness Withy Ord-339

flangsang Chinnu 16.

Budson Bay Co.-431- Indo-China Det. Ord-2is. Land Securities Ord-2s.

&O. Elcom Nay, Def-368 d.

Mines Angio American Corp. SA-122.

Brit, South Africa Co.-la od, British Tin Investment-Cs. Consolidated Zine Ord-dis. De Beers Del-120% 124. London Thu Corp. -10% Od. Mount Ish-5 d,

Priating Tin-108,

Rent Selection-

19hd.

81.

Rhodesian Anglo-Amer.

Ord

:..

Guest, Keen Orik-8lig det... Harland & Wolf Ord-17. Stewarts Lloyds Ord-da Ud. Summers & Sons Ord Tube invesimenta-50% 9. United Steel-lls. Vickers Ord-27 fiei.

Electric Assoc. Elec. Industries-309 3d. Assoc. Television "A" Orcl-30 3.

Sound-37 Gel,

Bringank Ind-10μ 7124.

Brit. Fr. Callender Ord-30$ 90. Elec. & Mus. Industries--365 94. English Electric Ord-27 36. General Electriy Ord-25%. Od. Philips Lamp Work-£10!;.. Realusion Ord-De

Industrials

Ansec. Portland Cement-46% Tid. Boardman Martin Ord-il.” Barax (Holding)- 3d. Dace Recorda Ord-G0 Dunlop Rubber Ded-20s 34. Fisons Ord-368 91,

0:

COMMODITY

FORBIGN EXCHANGE

RUBBER

NEW YORK

Rubber futures closing prices,

all in cents per Ib.:

LONDON

Rhodesian Selection Trust-Us 41, Ithakana Corp-45

Rio Tinia (Bencer]––363

Roan Antelope Copper-6 3d.

Selection Trust Ord-01s' 3d,

Tronoh Mines-638,

Unlon Corporation-451 450, Welkom Gold Mining-134 1930. West Hand Investment Trust 438

11.

Westem faluings-115s 7!!. Winkelhaak Gold Mines-18s 7ld. Southern Majayan Tlu-208 0.

Rubber & Teas Angio Indonesian Plant-la Jd. Ceylon Tea Ord-2s. Imperial Ten Ord-178 3. Kuala Lumpur-Kepong-ds 1174. Larunk Rubber- Od.

PRICES

LONDON

Reuter,

Out of the shell and on to a conveyor belt-for a short ride to death. A life span of just about ten seconds. These chicks, born at a modern hatchery in Stewarton, Ayr- shire, step out of the shell- split second check and then the ride, which ends in a gas- Olled bin. It is because they are males. The female chicks Hve on, for they are wanted to rear and lay eggs. It is the result of hard economics and scientists taking over in the barnyard. Hens are safentifically bred at the hatchery. They have no breed name, only a number. They are so highly bred for the job of egg production that the males are of little use for faitening as table birds, and no are sentenced to death within seconds of batching out. The conveyor belt spins on with its load of bright-oyed balls of yellow fluff. Ten seconds tick by; the roller turns and the chicks come to the end of the road. The world drops away from them. Death is quick, there is no cruelty, Nor is there any alter- native. The scientists have taken over

HONGKONG FOREIGN PRODUCERS

STOCK

EXCHANGE

by

Our Own Correspondent's

Business done on the Hong

Stock kong

Exchange this morning amounted to approxi- mately $1,030,000, Noon quote- ilona and

morning's transactions?

Rules

Nhares

the

Buyers BellETE HIC Bank.. 11.14 350 160 340

Lon. hog.. 290 H

HIK & FS Invest

What Co..

132

21.20

340

A. Investor

0.3 9.2) 1900 (D

100 G

Wheelock

(ok)

11,40

111⁄2 1000 à 11,50 5000 60 1175 1000

(New) ... 11.10 11,20 5000

Closing prices, all in sterling HK Duck

3-month

Buyers Bellers Tulkoo Dock 004

200 114

100 114

1:100 120

113

115 400 110

43

100 DIAG

200 2311

100

150

40

C. Provident 21.30 20.40

per long tan.

Tin spot

041

042

3-met

012

B14

Copper sol

720-4

72054

3-manth

2201

Loud Spot

03

6311

MK Hole!

6432

45

ICK Land

Rex

Standard

Zinc Spot

13

7314

3-month

1091

Loca!

29.40

-UPL

28.20

20.45

20.30

12595

111

Closing prices all in pence per lb.: No. Res spoil....

Settlement house term: 25-2316

COTTON

P. & P. 2016 29.00

HK Really. 2.170

HK Tram..

3944

K.M.B.

70

300 70%

970

Yoummell Xp

110

111 100

200 111

10011L

Cl. Light 341

35

3000

NEW YORK

Closing rules:

Nov.

Canada

031/16

Jan.

Enrint!

Mar.

officia!

2.0147

May

10-dayn

2.0033 July 2.7004

unchanged,

LONDON

Sept. Ogl

Closing rates:

New York

2.01 7/16-2.01 9/10

Montreal

2.8-2.00

6035

13.104-10.5046

Nov

24-23112

Dke,

Oct/Dee.

Copenhagen

10.3735-1907JA

Jan./Mnr.

Apr/June

Spot Det,

NEW YORK Closing prices all in cents per lb.:

35.BS nom

Electric Teleptione

39

July/Sept.

Onl

90143

Milan

Kaiser 3pdissen

U Vienda

Banner . Power & Lan

General markets. Del Dec. Fatate crept thin- Oct.

thick Det AMSTERDAM

arcia, ti.f. basin, post:

2424-242

201

Dor.

May

July

Mar,

y

Imperial 011

Imperial Tolineee

Ingornall-Tatid

Inland Steel Co. Interelemies: Corp Int Business. Möchtes

Int Harvester International Nickel International Paper

In!' Tee Tet

Johns-Muville Co.

Kimberly Clark

Liggett &. Myren Tol. Co.

Lily Tali

Zakter Tel.

........

Lone Star Cement Po. Lorillard ... Inwenitelj de Sone. Mobert J. Ray

McDonnell Airefalt Merek

03

Amsterelam

7431 Zurich

140,034-340.12

#121-11.231 no20-60.30 20.019-20.02 13.15-19.831 15548-14.541 174619-1747 72.00-72.59 12.10%-12.18%

Closing prices all in guildera per kilogram, alf, Oct.i

He. i rubber

No. 2 rubbe

No. 5 rubber

SUCAR

NEW YORK

Closing prices, all in cents

No. 1 crepe

220 huyeta

7.29 Myer (b

220 buyers 2.00 buyera

UPI.

METALS

NEW YORK

Closing prices all in centa per 30.4

NEW ORLEANS

30.0Л

Closing prices all in cents per

Spot

(Rt.)

IIK Car

Gilman Jardines 7.1. Cement

100 68 3512

་

400 m 35

200 3422

31 353% 100

200 3312

40 1000 10.

100 of 40%

[41 14.00

10.60

20

23.30 23.00

A7

Dairy Faro 335

Textile

Nanyang

Amai Rub,

300 or 401% 500 40 1000 39

200

2!

00 14.00

500 G 14.60O 233 1436

BEATING U.S.

U.S. AT

HER OWN GAME

Hartford, Conn., Oct. 4. Cheap labour is not the main reason foreign manufacturers have been underselling Ameri- can goods, an Ohio manufacturer said yes- terday.

Mr William Moreland, Pre- Foreign manufacturers have sident of the American Soclety turned to using modern machine uf Tool and Manufacturing tools, automation, and up-to- Engineers, 10ld the Hartford date methods, Mr Moreland sald, chapter that foreign manufac- | Americans must re-learn how turers are beating Americans to make more pruducts for less "at our own game of mass pro-money to avoid being beaten duction which lowers unit down by foreign competitors, eneta.

he added.

New York

cotton market

Now York, Oct. 4.

World market rubber

New York, Oct. 4.

Rox rubbar futures today closed unchanged to fire points higher with sples of 15 contracts.

Standard contract clored five higher to in points lower with sales of 10 contracts,

Switching operations in- velving exchanges of November rex for November standard at Broend 10 points diference marked on otherwise dull ter- minal sifuntion. Recent la- activity was Igre pronounced- as traders turned practically all of their attention in the after- noon to the opening world series. baseball game.

Locally, spot No. 1 Ass Was quoted 20% cents and current months 203 cents, both 110- minal.

In London, the rubber market was dull with spat quoted at 23-1/10, No. 1 Rss spot 23 25%. In Amsterdam, rubber nar- ket was dull today.-UPL

Chicago grain market

Chicago, Oct. 4. Groin futuros drifted lower today cn the Chicago Board af Trade offer opening with small gains. Trading

DcLive.

Soybeans

Was moderately

lost a m krend following a private crop report based on October 1 conditions. The estimate set 1001 bean prochiction

nt 720 million bushels, a larger figure this - pected in view of recent reports of disappointing yields in mome

úreas.

Wheat enjoyod scattured de- mand by export and commercial Interests, but prices were

held sluwn by liberal local males and hedging. Domestic flour business remained slow, Turkey bought 2,000,000 bushels of rod wheat. Soybeans opened us mich" as cent higher, The US Depart- ment of Agriculture Inic yes- terday announced plans to buy 400 milion pounds of vegetable cils for the donation programmina. Heavy spreading took place between November and January, UPI.

Decline in U.S. car output

Detroit, Oct. 4. The U.8. automobile indust. try reports that It built 354,491 cars last month against 407,691 In Sep tember last year. Strikes by the United Auto Workers Union, which tied up come General Motors plents for two weeks, were largely rea- ponsible for a decline.

This industry will build come 820,000 cars this month, cording to unoffelal esttrantos, chiet manu-barsing UAV. strikes facturing executive of Meyers could curtail

'Economic war?

Mr Moreland,

ac-

that

production at and Bros. Co. in Ashland, Ohlo, Ford and Clysler. This would sald American productivity in compare with 017,816 cars as creased -eight per cent since sembled in October last year, 1053, while the Netherlands in China Mali Special creased productivity 18 per cent, France 22 par cent, West Ger- many 20 per cent and Japan 34 per cent,

American manufacturers must "push the application. of automation and train workers to keep up with new develop- ments, the United States is

Cotton futures today, main-in survive on "economie war,"

tained a steadier tone for he said-UPI.

the second Bossion in a

row, moving up to gains of a US$1 a bale on the far forward positions at the cloro.

Closing prices range from 20 higher to 3 points lower. The market opened off seven to up iwu points,

Prompt stoppage of three more delivery notices against the spot October delivery Jois- ed with a comutilssion house demand in generating the rally- ing power as traders antică- pated a lower governmanl trop estimate op Monday.

Current crop

A leading Memphis spot Arm indicated the current Егор

METAL MARKET

REVIEW

London, Oct. 4. [Yesterday's Hirmer tong in was copper

again in ovidenco and made good Cash finished headway. 22 points higher on the day.

The tin market was steady to- day with quotations slightly easier.

Lead and zinc were both fem today.

Exchange rates

Business was done in the 19081 unosial exchange markey morning at the following rates) US dollar per $1) Sterling notes (per £15 ..... Austrian notes ipar RE.. Japanese yen, PM, 190). ****

100)...

Chatbodia tiet French new franc (per 1).. Brazilian cruzelto (per 100) .. Argentine peso (per 100)- Korela hawn (per 1,000) Italun Hen (par 1.000) Chinese IMP (pac 1) Talwan yunts (Der 10) Thal haft, (per 100). Burmese kyst (per Pakistan rupos: (per, 10) MRCA 910en (per Norwegian

per 1001 Philippine péro (per 17 BOOTHe straita iper 1) franc (per Netherlands guller (pazi West Dermen 12-Mark (per 1 Cuban pero (per 1) ...

Agreed merchant rates

15.00

prospect at around 14,010,000 In New Yorke, copper futures maximum selling. 09%.

West German Deutschemarks, 20000 1975 bales, which would be subatan today closed 20 to 40 points tially under the last govern higher with nates of 330 COB- ment estimate for 14,202,000 tracts.

Minneauty Minin

idors, Benton

Monsanto Chemical Co.

01

11.30

Montrealki

Montgojnery Word

per b.:

Motorofa Ine,

Contract No. 8 (world)

LIVERPOOL

3.41

Hub. Tru

0.03 1 1000

Nationalscist Co.

Matiorni Canti Iteg. "All

Nov.

2.71

Mat

Closing prices all in penee per

ib.!

Nattern) Dairy Prod.

· stay

Nation Lead

American Contract

Anin Nav.

stra,

105–1120 a Pla

Befit

29.95

Lead

11.00

dne contract.

Uct.

H.90

24.05

Bangkow Bincare

1000

9.20

900

Open Interert: '070 contract.

Comiraot No. 7 (domestið)

Dec

23.00

Zing

ходо

bates.

Out.

10.00

24,00

UFC.

10.00

NOV.

0.14

Copper

Mixed Conte 14.00

490

3001

5

srd

0.30

bot.

90.40

May

24.30

CL Hotel

Dec

Jus

Jan

29.19-20 30.00

Star Ferry

itope

45

Mar

29.09.07

#901-(0jx, dito, paid) al

Mar

At Balon vos cuntfacią

July

Open interest!

22.84

Naftong Bleed Cerp.

New York Central

Norandi þines Lid. Norfolk, di Western Ry. North Alper, Aviation Northern Airünes (Cotn.)

NAL, CHAN

Olin

Que Bristo

G

Paper Onz

J'aculle Gos & Flee

Pan Amerjegjj. Aleways

Parsiamini Piriuras PADAT J, C. CO.

Park Luis Co.

.10

Melal

LAC Crame - 2845 153

cald, Macg

Emporium

(Ord)

31.10

UNIT TRUSTS

Hoogkong Fund, -**

(buyer) $1.16.

{Mailer).

The market opened steady Traders gathering bullish In- pression from the crop nown with Buyors - becoming morð also emphasised the

First forecast confident, as the resilun pro- for below normal temperatures greased, drawing, encouragerhent, dividends $1.08 over, much of the belt, where from the strong Leidon inpaket,

the crop alrendy is quito back, and the wariness affing 'Jogat Becund Hongkong... Find

ward-URL.

#ilers.---UPI.

domis (buyer) 99 cents (seller).