1961-10-11 — Page 2

THE CHINA MAIL, WEDNESDAY, OCTOBER 11, 1961.

Wall Street closes HONGKONG

Now York, Oct. 10.

The stock market closed irregularly higher today after moving narrowly for most of the session. A lato buying spree made the difference

as activity climbed

higher

Eastinan Kuink

several hundred thousand shares above Finance Corp. yesterday and the tape ran late in the closing minutes,

Electronics and tobacco stocks finished strongly, Reynolds. Liggett and Myers and Lorillard were ahead more than two points each, Texas Instruments, Zenith and Beckman gained close to half a dozen points.

T

Closing prices

Fiza Nut City Bank Fund Motor GREUL leirie Generat Fouda General Motors Gen. u. U.

Gillen Co.

y Oll Goodyear Tyre..... Harden Newport Carp

GL OU Ingersoll-Rand

land Steel Co.

Frith Business Machines

101

1024 1009

Seult Paper

Sinetale Onl

| župany Mobil Ol....

South Puerto Rico Supor

13.

14 kong

STOCK EXCHANGE

Our Own Correspondont

Stock

Exchunge

this

London stocks New York

as

decline steels weaken

London, Oct. 10.

nginess done on the Hong- Weakness in steel stocks arising from the slow. down of United Steel's expansion programme led stocks into lower ground today. Indus- trials suffered from absence of buyers and

44 morning amounte! lo >pro-

100% 70%

Southern Natural Can Courte D...

Stunturd w

Stendurd On of Cai.

1

10

Standard Oil of Ind.

Standard Oil of NJ.

*

14ximaltely $1,420,000. Noon quolations and the morning's .transactions:

434

Steep Rock ....

Sterling Drug Co.

Waren

2012

Sisely Van Camp.

Studebaker-Packard Corp.

11

Buyers Beliors

Bonk.. 312 234

Salow

Swift & Co,

401

537

int larvester....

Texas Co.

1 Bank

Tide Waler Ol

Lan, Hey

3200

International Nicitei

WER

Twentieth Century Fox Flin

Allied by

0.18

Int) Tul & Tel

Unhin Carbide

Kansas C. Power & Light

4.10 100

Alden lat. Acy.

$ 67

Kimberly Clark

Kentecost Copper

11a

Union Pacific Balkway

62154

Unti Aircraft

Tut

Alte Chemicals

GOY

Litton Inc.

1374

United Frull

All ChainPER

2192

Luckleed Aircraft

4415

U.A. Gypsum

Anterlena Airline

21

Low Incorp.

2245

U.S. Rubber

Amer. & Furgo. Power

99

Lone Star Cement Qu

U.S. Sinetting

Au Mach. K" Pay.

Gaweni lein & Bonn,

Amerie Metal

30

Minnesota Ming

Arnetivan Helik

20 Msion Deve

31

Amenem TH & TH

American Tob

เฟ

30

724.

4435

छ

three Dupunt points and gave a boast to the Dow Jones Industrial Average which held close to horte most of the day. US Strel und American Tobacco also Bnished on higher grounds. Motors were

Mnck

Trucks Latit kateri mure than a paint.

norrow

Dry

Olline strung performers in- clukkerf Scult Paper. MCA,

Assaelated Ameríku. Goods, and Polaroid, the last-

about named

right Haditug points. Honolulu Oil was a wenk spot, falling a couple with (per-Band

Am. Sugar Hef.

Anaconda Copper

Arave Slee Arochr

Attas Cons. Mining

Haltimore & £10

Bethlehem Steri

Montgomery

Motorola ing.

Casts Rag.

A Patty Prod.

National Lend

New York Centra

Mathlet

31% Ous Elevators

4115 Oyen-linols Glass

Penn, Sal: Ca.

197

Prette Gas & Fire.

alunut

Cantan Pacific

24

an American Airways

Cal Tractor

301

Parvount Pletires

telenose forp

34

Chase Basalat Bank

8:34 848

Parke Davis Co.

403xd

Uhrvider Motors

55

Morris

Colgate-Palmolive £6,

54burgh Plate Clara

504%

4032

Pubilcker Industries

07

Commercial Credi

Pure O........

+371

Today's vodune with 3.400 shares.

a tretai 1,277 shares trader

568 were higher and 470 lower.

American exchange

was 1,440,000 shares.

Bonds volunt

$6,240,0

voltme

C Cal

Cinsatiated: Edison

Crane Fo

Crown Zellerboels Diamond Ahab

amounted to” Dow Chemical

Dow-Jones, Cloring Averages:

36 Industials

20 Rails

15 Utilities

308.67

150.91:

127.00 242.70

65 Stocks

• bund

83 79*

Comm. fluce prives

indus

140 62

TECHNICAL

WHEN

BUY

ANALYSIS

On Stock Trends

Research Dəşt

PERENNIAL

TRADING CORP. 10-018 Edinburgh House

Hong Kong.

Tel: 2008, 38384

Radio Curpuration

Aepublic Steel

Heynolds Metal

723% Hernouts Tobacea (new)

Eastern Air Line

2

Saint Reg. Paper

SYNTHETIC RUBBER

OUTPUT INCREASES

ליש

of

Communist Chinu 159,500 lacs and 32,000 Love re- the two spetively. In July Communist Countries' impor's were shown as 25,250 tons and 2,000 tons respretively.

Stocks

U.S. Steel

Weiner Bros.

Westinghouse Electric

Wolworth K. W

IK & FE

Whart

| Wheelock

....

108...

4

324

I no

World

rubber

market

New York, Oct. 10. Rex rubber futures

12

6300 61 11.80 5000 A 17

11 11.00 2000 ve 1170

3000 6 115

cotton market

New York, Oct. 10. Cotton futurer today 500- quiet

sowed narrowly in

dealings but showed an steadiness

overtono

of

most of the time.

Ai the close the list, ruled up

widespread but small losses scattered the list.right to off one point, the in-

Improved demand gave oils razil galmu, led by Royal Dutch 5/10th up at 2124.

Doliur stocki were mixed. Bethlehem Steel and Standard Oll, NJ. up while J.S. each Steel and Chrysler were one off.

Coligo Pellem", Ord=124 TWI Conls (JP) Paton & Boliwine-47. Courteulds Ord-3315. Fine Spinnees Ord-248 d. Lancashire Catton Ord-48% 100. Breweries Distillers Co. Ord-ed, Guinness (Arthur) Ord-di■ Del. Ind Coope Ord-13a.

Stores

Great Universal Ord-524 v8. Great Univerent

Orl-493

In mines gotta had good rises on reports that a U.S. gold shere frust was to be formed. Gas ran

four up to nearly shillings with

Anglo-American | pd.

both

2000 11.00 1000 1100

3000

11.00

3000 11.0

1000 11.00

(New)

Corporation in the lead,

1000 11.00:

KR 13gh Pallets

12:3

114

200 113

6

2001 N

HK Hotel

384

¡! Sard

i on

100 9116

125144

today closed unchanged to seven, points lowes with sales of three contracts.

Standard rabber telosen 16 higher

10

40

22.00

20000

203 J 515

2.120 2.175 18000 in 2.15

3756 2.115 300 350. 1000 35

35 3414

Tel I' HK Realty

HK Trass

200 33

KM

Ex. Div.

685

Yaumall, Ferry

By Diy

t

150

110

34 342

402 340 2000 1 34 10 «r a

Chreti.. 1+ 3444

futures. 15 points lower with no sales reported.

All sections of the market continued

be "absolutely flat," dealers complainert, The few lots done in the terminal HR Gas market were between denters. comar Factory interest In the spol Jardines market was reported practically n-existent. Shipment offer- ings were scurce with price Rap

Coment cunt:541

Dairy XD separating potential buyers Textile

a

40009 250 00

2007 34:

1090345 2832 1 AK

0 342

34

14.40

Teleplate

Regis

14.10

208 10 12

700 14.90

40 67 14,30

1440 15.00

500 100

10.40

19.40

3.16 9.975 2340 23.00

1000 3.3

500 on 23.40 250 4 2338

300 23.40

500 231%

300 + 2343

SU 571%

6.15

300

5.40 1000 or 355

C.30

JN

200 341 2500 + 2

London, Oct. 10. Production of both natural and synthetic rubber was running below consump tion in June but in July output of synthetic went on the upswing and over- took consumption. Provi-the end of June were given as and sellers. Indonesian ship- A. Rudber sional statistics from the 670,000 tons.

ment offerings included somo

28% of synthetic three sheets u In June, output

cents Le CRW International Rubby Study

con- October November cost and Asin Nav 2.775 Group showed this today, sumption of 182,000 tons but in freight, Buyers

Ideas for that Astu Nav.

Comumption

ber waa 160,000 Im in July. but no ligue for production in July was available.

June

Stocks of natural rubber at

Was 147,500 tons against

to

of natural rub-July production went up to 152,-grade were about % cent under. 500 and ennsumption dipped to Locally. No. 1 rss was quoted 30 current munth 20% 142.500 tons. Over the first six cents and months of the year both output cents a puud, both nominal,

of synthetic i Natural rubber production in and consumption

in London, The rubber market wa 155,000 tons, de- was in balence at 007,500 tons.

I was barely steady with spot Stucks of synthetic liverk Ir stockpilis we end of July were put at 370,000 spot 24-24-4

at the quoted at 24-11/16. Na 1 rss 4.000 Lens and veramplion toms.

In the January-

The Study Group estimated June period output was 970,000 Taxionesia's rubber exports in toms, Morkpilte deliveries 14,000

June al 40,616 long tons-of which | tores and consorption 1,010,000: 14,502 tons were reported as he

Tris eludevi

the group

174.500 tons,

estimated ing of estat origin, ipate in the Sv Union gold--UPI.

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BÓRNEO SUMATRA TRADING CO.,

Business Machines Department,

(H.K.) LTD.

20-23 Caxton House, 1 Duddell Stroot Hong Kong. Telophone 27105.

in Amsterdam, rubber market was very ralia today.

In Singapore, Une ruled voy

rud...

་

1.30

4

1 Inv.

1.25 126751.30

13 1201 1900 « 12.40

Exchange rates

Hurines was done

le the Jucal unfteint EXCHRO market ti marketing at the following rates:-

2003

US dulher per $11 Sterile Notes (per

quiet and feature- Jess throughout the noraing i Australian notes (per 211 with apparently little inclina- i Japanese yen (per 1001 .....

tion to trade.

Prlets mover within nov limits with some switching of Getober and November the only relieving feature.

cappers and tins improved.

Rubbers and leas

| Eule change.—UPI.

showed

Closing prices

Brkish Government' BécatNiro 25 Consolidated!-€ 39TA 32%, Conversion £52-3/16. Sayings 1555/85-CR Savings 100L/TO-277-11/14,

ISH 1005/753-£64-1/16.

Lon3

Oversen Bonds 34, Gerasun (Onwes)-45,

Janes. Amented-13. ***

Banks & Insurance Barclays Ord B

Brit, Merchants Insin-in st Chartered Bank-476 9. Guardian Assurance-301 30. Hongkong last £ 10 Landel Tront--425 Bel. Lloyds Ilunk-$1s dzi, Lomura 1rking Ord-195 National & Grinkey-31 3, Prudonital Asser. “A”—£21/1.

inyal Bank of Canada-4205. Royo tiraner frit-490 jue.

oli

Belliah Petrolium=tás 3d. Burmak O-3Z* _54. Shell Transport Ord-)191. -- Hayal Dutch-413.

Diramar Company1–395.

Steels Kngineering Mabroek de Wicus Ordeig đa, Colvilles Ord-3 .

Burman, Long-208 Vol.

Guest. Keen bed-814 8d.

Harland & Wolff Ord--120 34. Steel Cu, of Wales-34+ Od Stewarts & Lloyds Dru—43%, Patt Sumeste & Salle Ord-1 Atar Tube Investirenla—679.. United Steel J. Vickers Ord-278 1:56.

Electric

Assou. Elen. Induslèfes--22, DJ. Aune. Television "A" C-305

Birmingham Sound-38₫ Th Brit. Electronic Itik-ito dlazi. Brit, Ins. Callender Ord-Sur ad. Rice & Mun. Infantela-38 English Electric Ord-176. General Electric Ord-25s. Phillies Lamp Works-£30-0/10. Itodfusion Ord-35 14.

Jadunirinde

10..

Assoc. Portland Cement~~17% 10d. Banrajons Martien Ordik. Bare (Holding)--Hs 7 o cli Berea Records" Qrd-504 dd, [Junlop kubber Grid-23 Pisans Ord36a 1, Gliman (Baldingni Ora~ka Dek, International Computer-905 d. Landon Etrick Ord-8. Turner & Newal Ord.- Unilaver Ord-14 d. Wiggins' Tape Ort-55 15.

Cherlents Imperial Chemical Ord–595 *set. Monsanto Chemicals Ord-15« 3d. Cinemas & Television.

flyel,

Assoc. Dels. Plelures-47% Jd. Xunk Organisation Ord-236 1930. Stol Theatre-61.

Paper

Bowlat_Poprr DF40

La Bue Or—60%.

Tobacco

£1) ..........

15.08

12.53

1.5

0.30

1.13

2 19

5.20

3.30

11.00

045

Spicere Ori42 19.

143

26.80

3.00

7.15

CS4

Motork

7.03

British Motor On-13

0:1,

130

170

Jaguar Curs Ord-120; 7124. Bolls-Royce. Ord-42a. Wesband Alreraft-17

Su.

141

0.20

Textles Headerd Oyers-134 34.

Canariel, per 100)... French new finne sper J. Brazilian cruzeira (per 1001 Argentire peso sper 100, Korean hawn (per 1000) Italian ra (per 1000 Chinese JMP (per 11 Tadwan yie (per 10) That bolt (per 1001 Bunners kyat (per 101 Paketan rupee (per 10) Macao Bataca per 10 Norwegian krone (per Philippine peso (per 11 Singapore Strulls per 17 Swimne per Netherlands guilders (per 1) quit West German Demark per

Cuban peso (ier I

The tone was very quiet after lunch with prices stagnant.

After oflein) close there was better buying Interest at slightly level and with sellers jewer rather more active exchanges were rather better.

The market closed UPI.

FIRST HONG KONG FUND

British-Amer. Tub. Ord-01s 3d.

Carrerak "1" Orduan 250, Gallator Sri-11# Gl.

Imperial Tobacco Ord-550 1944.

Hawker Siddeley, Ord-25 34

SPECIAL OFFER OF

300.000

UNITS AT $1.14 PER UNIT

PAYABLE IN FULL ON APPLICATION

LISTS CLOSE THURSDAY, 12TH OCTOBER, 1961

All shares included in the Trust Fund are shares quoted on the Ilong 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 Unit Funds Limited

HONG KONG.

7th Floor, Alexandra House,

We hereby apply for ...........nils in the First Hong Kong Fund at the advertised price of 31.14 par unit, in accordance with the conditions contained in the offer and subject to the terms of the Trust Dead dafod 12th July, 1960,

We enclose chaquafmoney order/cash for being payment in ful for the number of units applied for. We understand that the menny will be returned to majus in falt if no Wils are allotted. W/We declare that 1/Vo amitra over 21 years of age.

SUGNAME(S) (in English)ses

(Please state Mr., Mrs. o Mlas)........

OTHER NAME(S) IN FULL........

ADORESS..

SIGNATURE(S)

Tilaphone No..

UP-12

.Data.

{OLOCK LETTERS)

(in the case of joint applications all persons must alga, Corporations shoird complate under the hand of an authorised officer whose designation should be stated)

Itause of Fraser Ord-37 4150. Leibire Extract—181 pt. Lyons (1) "A"

"A" Orl-102x Marks & Spencer-50 1910.

Tate & Lyle Ord-la fel. United Drapery Ord-45% +1%. Woolworth (FAY.) Ord.—125 Ikt.

Alecellaneous

Bowmiker On--15% 10. Brit, Commonweal Ship, Uni-30% luisd

Canudine Paelle Ord-10", City of London Real PropTIA Cunard Beamship Oid-lau Be Forestal Land & Tiatizer-it-s Furries Withy "Ord=231 148. Hongkang & China Gan-2, Hudson Tay Co.-£4, Indo-China Def. Ord-10s. Lantt Securities Ord->293. P. & O. Steam Nav. Def.- 12. Chaunel Tunnel-254 3.

Miner

Anglo American Corp. 8A--125%. Dril. South Africa Co

British Tin Investment-tur De Beera Dor-131% tyd.

London Tin Corp-101 10%. Blount Tan-Ma 03. Betaling Tiry-10%.

Selection 304 Sci.

ninadesian Anglo-Amer,

Rd.

Ord-448

Rhodonian Selection Trust--B. Det.

hokana Corp. 40s,

Rio Tintu (Bearer38 p. Hun A

Tronoh

Copper-a.

Union Ceration-tes l'ast Welkom Gold Mining-4. West Rand investiment

Bad.

ket opened unchanged to off is points, New Orleans closed up seven to off three points.

Same traders continued to mark time pending пл 051- nouncement

tilu Q17 allotments for the 1962-69 sea- suti, which

must be made known before October 15.

One more delivery was issued today

October

contract.

acreake

notice against the

making 2 pal on

total of 12,000⚫ bales tender to cinte,

was

net open in- terest in October today down to 4,200 bales. the post- tion will expire in the noon hour on Friday.

The certlüchted stock totaled $1,276 bales. including 14,391 bates set aside at Galveston for exmonination As

wator damage after the recent hurri- cone.-UPI,

CHICAGO

GRAIN

Chicago, Oct. 10.

The grain

futures market

advanced again today on

the Chicago

Board of

Trade, but volume

lighter thon in the vious session.

was

pre-

In soybeans, large export in- week and light.

Trustspections: last

bedge sales song market.

Whent

Western Holdings-tidu, O. Southern Malayan Tuata.

Stubber Tear Indonesian ant-3:"101. Can To Ord Imperial Tea Ord-199, Kuala Lumpur-Kepung Lambax Rubber Oct.

--Ieuter.

Agreed merchant

rates

Also produced a

firmed on

scattered demand from commercial, com- mission and floor traders, Ex- port declines were Hght, but a farge business WB4 beller d pendlag.-UPI.

UNIT TRUSTS

Fund: $1,08

First Hontong Canadian Dollars maximum (buyer) $1.10 (seller).

selling 18-1/32. minimum buy-

Second Hongkong Fund: 87 ing 18-0/32 1.T., 18-11/32 O.D. cons (buyer) 93 cents (selle).

Yesterday's Closing

COMMODITY PRICES

TOREIGN FACHANGE

NEW YORK

Closing rates:

Canasta

England,

Olelbi

30-dayk

90-day

Australia

New Zealan Otera uneltanged.

LONDON

27-4/16

2.0160

2.0000

2.310

18000

Closing rates: New York

2.03 7/10-201 9/10 Montreal ..... 2.09 15/10-2.00 1710 Amerlede... 10.15-10.1096

Brussels

Copenhagen

Frankfurt

1,1-bun

Chri

Paris

Stockholm Milan

Vienna Zurich

740.07-140.17

19.29-10.19

11.24-11.241

LONDON

Closing prices, all in sterling

per long ton.

Fo

Copper spot -month Lead abot

3-meth

ZATE put

J-init

Buyer

146

Beller

949-

948

22014

22712

-UPI

RUBBER

NEW YORK

Rubber futures elosing prices,

all in cénis per Ib.j.

Nuy

Jan,

00.10-80 21 20.02.021

Mar.

May

13 051-13.4376

July

Sept.

Nov.

14.435-14.42K

374035-174734

72.00-72.71 12.1796-12.174

COTTON

NEW YORK

HEX Standar

20,40

20.30

28.50

ZETO

15.50

R

74.25

78.23

SINGAPORE

Closing prizes all in' Strolts echts per Ib. 1.0.b. Malayan

Spot rubber unbaid

No, pale crepe

8314-0371

031-634

UPI.

perly;

Nu. Det,

No. 1 Nov.

No. 2 Oct.

Nu. Ort.

No. 1 Del.

Blanket repo

LONDON

02-03

Closing prices all in perce per Ib.: No. Res spot

24-11/10

Settlement house term:

2412-2432

2452-20 243-14

Closing prices all in cents per

Sprt: 33.63 nom: Oct: 3453; Dee: 31.07: Mar: 31.74; May: 3010: July: Nov, 30.13 Oct 05.30: Dec: 35.45; Mar:

4.75.

Dee, Oct./Dec. NEW ORLEANS

!Sansar. Closing prices at in cents per Apr.June July/Bept.

tb.:

General mariteti, c.lf, basit, ports:

42 243 Nov

Spot: 21.15 Oct: 24.40; Dee: 33.0:loa Mar: 3.1: May: 30.20; Juty: 30.17: Oct: 34.41 Dee: 33.63, Mar: 25.00.

LIVERPOOL

Closing prices all lu pence per 1b.:

Amerfesh Contract

Oct: 24,99 Dee: 24.53; Mar: 23.00; May 25,45; July: 2500 Qet: 24.55; Dac: 24.85.

Mixed Contract Oet: 24.48; Dee: 24.00; Mar: 23.30; May: 26.75: July: 20.00: Oct; 24.05 Dec: 21.03.

UF'.

METALS

Estate crept thin Nov.

Bick NovAZINETY AMSTERDAM

Closing prices all in guilders

per kilogram, c.lf. Oct

No. 1 rubber

No. 1 rubber

No. rubber

No. 1 ciupe

2.25 buyers

2.28 buyers Azo buyers 2.09 num,

SUGAR

NEW YORK

UPI

Closing prices, alf in cents per

Contract No. 8 (world)

11.

NEW YORK

Nov.

Closing pricen all in cents per 1b.: Lead,

Mar.

MAY

ty

Ocl. Dec.

9.10

Det

Zinc Oct.

Inc.

Dee.

MM. MAY

q

Spot-World Average) Total Holen; oder contract, · Open Interest: 719 contracts.

Contriri No, 7 (domerile)

Nov

Mar.

Soul, duly pad

Total Holes: 54 contraétu Open interest: 1,458 qontre

May

JOU

UPL

1