1961-10-17 — Page 2

AUCTION SALE

20th & 21st NOVEMBER

ALTONA, VICTORIA, AUSTRALIA

To The Order of

VACUUM OIL CO. PTY. LTD.

Owing to the Completion of the New PETRO-CHEMICALS & SYNTHETIC RUBBER PLANTS

CONSTRUCTION.

PLANT & EQUIPMENT.

2 MANITOWOC 80 TON CRAWLER DIESEL CRANES

MODEL 3000A

Caterpillar Traxcavators Series E. Austin Western Crune Model 210, Crawler & Pneumatic Tyred Tractors, Motor Vehletes and Fork Lift Trucks, Woodworking: & Engineering Machinery and Plant, Extensive Welding Equipment, Portable Air Compressors and Paouatie Tools, Pumps, Tools and General Construction Equipment."

ILLUSTRATED CATALOGUES AVAILABLE

J. W. STYLES & SON Pty. Ltd.

Machinery & Industrial Property Auctioneers, 280 Spencer St., Melbourne, Victoria, Aust. Cables: Styleson". Melbourne.

WE OFFER

A chance for direct Investment in heal shares for the smul investor. We specialise in the servicing of the small investor ($500,- and over) who desires to possess focal shares of his own choice and in his own name.

Aay share currently quoted on the Stock Exchange may be available in small lots. We consider fint advantage could now be taken of present realistic prices to start a personal Investment programme, Trained and experienced staff is available to help with ranking selections.

Please call at our office or send for our free booklet "Guide to HK. Stocks and Shares."

For enquiries Tel. 22021, 22419

To Investors' Advisers (H.K.) Limited 404, Luk Hoi Tong Building,

Hong Kong

I am interested in investing in HK. Shares. Please send me without obligation your free booklet "Guide to ILK. Stocks and Stres."

Nomo

Address

Occupation

(2

THE CHINA MAIL, TUESDAY, OCTOBER 17, 1961.

New York stocks MANY LOSSES

New York

cotton market

New York, Oct. 16. Catton futures today opened irregularly then went on the defensive for the rest of a spasmodically active tassion.

ruled! prices

123-

|

soften

New York, Oct. 16. Stocks softened over the noon hour today and failed to move significantly there- after.

Popular market indicators ended the session showing slight to moderate losses on slightly reduced turnover,

Itamesake Mining Co Hussnar Retrig

Leading steels dipped frac-iram Walker tions to around a point as pro- diction decilned for the second das Power consecutive week. Ford ost

"Therial O around two ond Chrysler and

Tobacco

gersoll-Rand

Corp.

Closing changed to off points while the motor seelion, while Du

Mack Truck at least a point ia !! Paper

New Orlemes Anished ebanged to off 15 points.

-

Locally Truding was Imited to the Hestur deliveries. *The positions from October through March (1003) were neglected Throughout the day.

Pressure

Pressure on the near months miginated among outside

-

mission houses and was ut- tributer to selling by charl readers. The uncovering of stop- losses orders extended the die eline.

Johns-Manelife Lu.

Industries

Pont nn Eastman Kodak heit Copper.

fractional Kains chemicals

among the on Improved third quarter profits.

Other blue chip features were United Aircraft, Procter and Gamble and

International Harvester with gains of around at point and Union Carbide, General Electric and Anscondu DIY similar amounts. Stores were ahead as much as four in late improved, generally

Korvette dealings.

Today's voltume was 2.84.000 shares.

Of a total 1,296 shares traded, 433 were higher and 400 lower. American exchange Yulu wns 1,280,000 shares,

Bonds volume amounted to $5,56 100.

Dow Jones Closing were

Baying interest was insited, traders said, in asitlcipation of u p-up in heege selling. Mem- phis reports said with the high prives being paid for milding Bud belter, a large percentage 30 Intustrials of the harvest to tiste is selling 25 ftails

15 Utilities Most sections reported mostly 85 Stocks favourable conditions for matur- 40 Bonds ing and harvesting the crop.

in the open market.

The certificated slock today amounted to 87,188 bales

plus

Comm. future price index

י+'

Kimberly CITR

gel Myers Tob. Cu. * Lly Willp

Lockheed " Aircraft 3.the WN

Star Cement C

Lillard P

Lawenstell de

Sons

MeDermott J. Ray

Melonnett Aircraft

Merck

Alinnesota M

Cu

Mission Development Monato Cherident Ce

Montecatini

Montgomery Ward Motorola Inc. National Bisout Co. National Cash Reg. "A" National Dairy Prod. Nations Leat

National Steel Carn New York Central

HONGKONG

STOCK EXCHANGE

Our Own Correspondent:

IN LONDON

MARKET

London, Oct. 16,

Spreading industrial unrest in Britain dampened proceedings on the Stock Exchange today

and there were many losses.

There were isolated firn spots

In the industrial section and British Government bondts made general gains.

US dollar stocks were dull. Gold and

intning issues moved upward. Obr dritte lower.—AP.

by

A37%

ABY,

199

39

tions und the

Business dune on the Hong- this Exchange Block kong morning enzounted to approxi- mately $2,740,000. Noon quota-

morning's

1442

transactions:

40

Rharra Buyers Sellers

Malen

HI Bank

330

230 to 334

3

Lombard Ins

Allied lay.

UK & FE

ធ

93

0.05

Invest (ELA) Whart Cu. Wherinck

Old

4

J34

12 20 12.30

1 330)

43 334

10 334

450 330

20 330 2004 $1 20000 £100.9

1000 12.30

100 £105

1000 12.30

707

11013

14

New

ik Duck

11.90 12

1000 - 12.201 6000 12.30 SON 12.30 2000 12

110

230117

417

Noranda Mines Ltd Nok & Western Ry North Amer. Aviation Northwest Airlines

Table Dek Cana Prov.

$1

200014

20.20 21

[Con

509 21.20 500 28.20 500 28.3

300 20.20

FIK 9.

Hotel

500 or 3014

FIK Land

62%

13

PL

200 62

400

63

Averages Oklahoma Nat. Gar

Closing prices

396 balos awafting Inspection | Abigla 1wi. & Piper

and "mieronnaire” test.-UPL

Altri due Aegi

Alvana Steel Corp.

Alind Mills the.

All Chalevera

Am Rake Stoe

Amertean Airline

A. Cable & Indie Carp

American Cyanamid Co.

Auer, & Furgu. Power Am. Con & Electric

Am. Heine Prod. A. Much, da Fry, American Metal Am. Natural CON American Sriting Am. Sugar ket. Ampex

Armidli Asbestos Corp..... Atlas Cons. Ming Baldwin-Lima-lam Balimure & Ohio. Bank of Montreal

Halk Montreal

703.15

120.18

151.02

Olin Mathieson Or Nevals Owen-inois Glass

Pacific Gas & Elec.

'aramount Pictures

241.70 Penny J. C. Ce.

Mrema. Salt Co. 83.92ip Morris. 147.781nry Bowen

octer & Gamble Ch Fitsburgh Pale Glass Portland Gen. Eleç, .. Publieker Industries Pullman

Pure ou

Radio Corporation.

Radio Corp. Pref.

20 Raylen

epublic Ster

Reynolds Metal

Reynolds Tobacco

Royal Bank of Canado

Royal Dutch

theem Mfg.

Sears, Roebuck & Co.

Shell Di Cu.

Safeway Stures

Saint Reg. Paper

Schenley inc.

Scott Paper

Standard Olt at bid.

Studebaker-Packard Corp.

BOND G310

.

Legal P. & P. Ek? UK Healty.

2!

I Tra..

KC.M.A.

Yaumati XD Ch. Light

200 * 63

2.30 10000 2.20

16000 e 2.20

154 1539

to 70%

110 113 24% 35%

30

23000 2.225

1000 21/4 5000 44 2.2 15000 4 412 400021

300 35 300 351 1000+ 354

2000

30 0912 1540/70 1700 or 1st

120934 100034%

DOD 34EP 500 35 3000 3541 1000 / 3034 1332 60 33

100+ 4000 18 35 500

2000 + 34

900 301 1400 11 30

Closing prices

British Government Recurities

Consolidated- £ 3-3/1 Conversion-£32-3/18,

3. Savings 1931/650 3 Sayings 1968/70-~ #! "T£**. Saving 1965/75—460};- 3. War Loan-£53-D/10.

Overseas Honda

2. German (Dawer)-CH3 xd. 8. Japonese, Ansented— £150, Banks & Insurance

Ingur - Ma Ga xa

Harclays

Brit. M 90.

Ind

Chartered Bank-475. Gaardion Assurance-15 Hongkong Bank-17. Landel in J. Lloyds Bank-62 3d. Lombard Banking Cri... 134 1. National & Grindley»—BIN 90. Prudential Alour, "A"-2EIN Royal Bank of Canada- £200. Royal Insurance Ord.---3x+f.

British Petrojeútn-41k Burmah Oil-335 3. Shell Transport Ord-113 dil, Royal Dutch-Cl Ukramar Company-tha 731⁄2el.

Sleels Engineering. Dabcock & Wilcox Orr-209 34 Colvilles Ord48m 712d. Darrian,

Guest, Ke

01

201

Harland & Wolff Ord-17 Metal Box-785 72.

Steel Co. of Wale32 10. Stewarts & Lloyds Oril-40 7. Summert & Song Ord-42e 201 Tube Investanenis-15 34. Vufted Steel-39% Pd. . Vickers Ord-20% 4.

Electric

A. Elge. Industries--29 Bt. Ass. Television "A" Ord- 4.

Wirmingham Sound-8a,

Brit. Electronic Ind-ils 3d, Mr. Caflenler Ord-3444 Gil. Elec, & Mus, industries-378 30. Englian Electrle Ord-23s 3d. General Electric Ord-24s Od.

Lamp Works-10 Rediffusion Ord.-38s 4.

Industrials Asoc. Portland Cement-450 4140. Doardman Marden Ord-3 101. Borax Holding!--15 Decen flecords Ord-55 3d xu. Dunlop Rubber Orde-25 But xd. Gitman Holdings) Ord.--4 9. Codernational Computer San đ London Brick Orű-Bis B. Timer & Newall Crd-65% 109404. Unilever Ord-1478 3d. Chemicals

3d.

Imperial Chemical Ord-57 Monzinemas & Television

Chemicals Ord-14 c.

Asoc. Brit. Pictures-40≤ 3d,

Bank Oras Ord-250 3.

Swi

Paper Bewater Pener De La Rue Ord

MOBILGAS TAKES

Siegler Corp.

Sinclate "

Sonny MIL DU

Electrie

35%

South Puerto Ilico Sugar

Southern Co. (The)

Southern Natural Gas

2854

Southern Pacific Co.

Bank of Nova Scotia

Southern Railway (Com.)

76

Beech Life Savers

Sperry and ...

Pa

GIANT

Bell Telepitine

502

Square D..

Telephone

(Old)

2014 40%

200 to 30%

Slanderd Brands

Beneficial Finaners

Standard Oli of Cni.

250 or 301

Bendix Aviation Corsa

05

500

39.

Benguet Coils.

Bethlehem Steel

40%

Standard Oil of

N.J.

STEPS

Bacing Airplane

51

Sleep Rock

2

700 40

Sterling Dragi, Co,

Telephone

Borden (The) Co.

674

Burroughs Add Machine

31%

Stokely-Vari Camp.

RU ... 1300 14.50

400

13.00

1206

13.00

Stone & Webøter.

Eriti Amer. Oil

3)

30€

13.00

British Columbla Pier.

123*

$200)

14

Sunshine Mining

2015

IN

Swilt & Co.

FX Gay

10.90

450

19.0

68

500 10.00

504%

Texas Co.

300 or 19.00

115

Textron

e

Gilman

4

4.03

CODO (4

2442

ECONOMY

Co.

Tide Water Dif

201

Jardines

Cat. Tractor

Time Inc.*****

9312h 005

2411

Trader Finance

CIT. Financial Carp.

Travelers Zoe..

1420 1500

91

Cement Dairy XD. Textlle Nanyang

៥

$300 371

20

6.10

21,00 12

3d

Tri-Cont. WaTRIE

-40

A. Rubber

SERVICE

Liett Peabody

74!

Twentieth Century Fox Film

314%

XD

5.30 6.45

17

Union Of of Cal...

52

R. Trus...

G

L',

65

Union Pacific Railway

Unhed Aircraft-

3335 Amey

441

52

121

United Fruit

164

United Can Corp.

301 IIK Mine

To

Comoluated Paper

U.S. Gypsum

100

Line, Craz

30

Consumers Gas

US. Line Co

311

Asla Nav,

2.825 照

Continental Can

IUS. Rubber

3455

47

Asin Nav

Continental Oll of Del.

47

Rts.

Create Prt

Crane Co.

14

Diamond Alkali

Calif. Packing Corp. Cana, Dk. of Comun. Cana. DrewETI

Campbell Soup Co. Canadian Packie J.

Case 13. 1.

Celanese Corp.

Chrysler Motors

Coca Cola ..................

Coleman C.

Commercial

Corning Class Works

Consolidated Edition

Delaware&itudson Co.

plaimond Nall

Dhiller-Sengrans

Douglas Alterart

Dow Chemical

Dupont de Nemours

Fastinu Kodak

El Paso Natural Favily Final Ga

Corp.

Ferro Corp.......

Firezione Tyre kor

First Nat. City

Ford Motor

General D

General

Gen. Pab. VI. Gen. Tel. & Elec.

Col Tyre & Rubber

Goodrich (3. F.; Co. | Great Northern "Railway'

Grumman Aircraft Out onl

Hammond Organ

Kestien Newport Corp.

Thiokal Chem.

US. Smelting

Steel

TUS Steel PC. PF

70%

2271

241 Construction 10.90

400 23.80

10238

1.325 1.35 2250 1.325

In' In.. 12 City Hale!

XD

Wamer Bros.

Waukesha Motors

Westinghouse Air Brake

Weelinghouse Electric

Westem Union Tel, Cu. Paper

Ilumphreys

301

Metal Indust

B. Cas

103)

fih. Dock.. Shi, Land

3.95 50c

West Va. Pulp Winn-Dixie Storen

Zenith Radio

CHICAGO GRAIN

Chicago, Oct. 18. Grains closed mixed on the Chicago Board of Trado today. Whout closed unchanged lu

cent higher,

Soyubentis closed of 1% 10

up cent.-UPI,

21.80 23.40

tertainment 47

1500 A 133 1140 1.335 12375 32A 185 4 12.38

London tin

London, Oct. 16, The in market turned enster today. Spot was marked 31⁄2 points lower lo £0381⁄2 and three-months three points to

047 per long ton--UPI.

Bd.

fil.

Keed (Albert El Ord-His kl. Spices Ord-418 4190. Wiggins' Tepe Ord--68

Tobaccus

34.

British-Amer. Tob. Ord-605 30. Carreras "1" Ord—3% 493d. Gallaher Ord-40. Imperial Tobacco Ord- C.

Matars

British Motor Grd-13s, Hawter Sudeley Ord-271⁄2 Uladh. Joguer Cars Ord-118s 10. Rolls-Royce Ord-40x 3,

Westlund Aring 19

Bradford Dyern-12 3d,

Casa Printers Ord-115 Ct, Couts (JP) Puton & Baldwin-39:

Courtaulds Ord-32 26. Fine Spinners Ord-22 d. Lancashire Cotton Ordi5# 4!yd. Brewerles Distillers Co. Orel c Guinnean (Arthur) Ord.-50M. Ind Coope Ord-13% 199.

SCOTCH

Great Universal Ord-dis. Great Univerini "A" Ord-479 pl. House of Fraser Ord-35, Loibigs Extræet-18s 60. Lyon 73; "A" OM-3, 31

Ord-90s. Marks & Spencer Tate & Lyle Ord-42a United Drapery ord--30 Bd.

Ord42 Bri

Woolworth

Miscellaneou

d.

Bowmaker Ord—14a 4!98. Brit. Commonweal Ship. Ord=181 Alad.

Canding Pacific Ord—24314.

of London on Prop.-13. Cunard Stearnship Ord. Forestal Land!

-Timber-OW 100

Furus Witby Orl-30s.

Hakong & China Gas-234.

Bay Cum 10/10 Indo-Chinu Det. Ord-201 Lund Securities Ord-th 1. & O. Bleam Nav, Def-37 d. Channel Tunnel-24*,

Mines

Angla American Corp. SA—1244

450.

firit. South Africa Co-59 34. British T investment-17. Consolidated Zine Ord-dia.

101 d.

De Beers 11C Curp. -16 10

London Tin

Mouni na-in dx. Petling -10.

L

fland Selections 1140, Wheston Anglo-Amer. Ord-Bla thodeslan Selection Trust-1 36.. Rokane Corps xd. Rio Tinto Bearer)- 1. Ronn Antelope Copper-On 11ad. Union Corporation-474 301st, Wethus Gold Mining-13.

West Hard Invesiioni Trust 433 Western Bakings-125 74. Winkelhank Gold Mines-18s did. Southern Matayan Tits 06. Rubber & Tea

Angka Intionesin Plant-4 10. Crying Ten Ord-2 d. Imperial Ten

Kuala Lumpur-Kopong-Is. 10 Lambak Rubber bad.

Reuter

New York

sugar

New York, Oct. 16, World No 8 augor futuros today closed unchanged to four points higher with sale of 36 contracts. Domestic No. 7 sugar closed rix higher to one point lower with sales of 110 contracts.

Domestic contracts strong- thened in the wake of a cui- back in Peru'a non-quota al- location to the US. market, of 30,000 tons to 630,377 tons for this year. The May contract rose to a new high for the life of the contract.

World

futures armed when light scattered buying met 1171 even smaller

supply of offer- ings.

Generally, troders morked lime

from pending news Geneva, Cuban demands for a larger world export quota were opposed by other producers in the international agreement, traders said. They believed it likely that no revisions in the part will be accomplished ot current meetings of the Council. The Council was ex-

Be

pected to receas and schedule new meetings at a later date. UPI.

Exchange rates

was done in exchange market

Businest mobicial

the local

thia

morning at the following rates

us dar per $1

6.077

Sterling notum per 21)

15.62

Acetralian notes (per n

12.51

Japanese yen (per 100)

150

Canindia riel (per 100)

D.GO

1.12

100

0.20

Franch new Erme (per 1) Brazilian cruzeiro (per 100) Argentine pean (per 100) Korean hawn (per 1,0001 Italian Hra (per 1,000) Chinese JMP (per 10 Talwan yuen (per 10) Thai bafit (per 100) Burmese Kyat per 10) Pakistan rupee (per 10) Macao pataca (per 1) | Norwegian krone (per 100)

Philippine peso (per 1) Singare Straits per Awire franc (per 1) Netherlands guilders..(per West German D-Mark (per Cuban peso (per 1)

0.00

Mobilgos

ECONOMY SERVICE

Mobil Research assures that Flying Red Horse petroleum products and service constantly keep pace with the ever-developing requirements of the modern automobile.

L

Mobil means smoother turning

Fewer

Mewer maintenance bills miles to the gallon. You save by the steps Mobil takes to economy service.

COMMODITY PRICES

FOREIGN DXCHANGE

NEW YORK Closing rates; Canada

England official

30-y

DO-tay

Australin New Zealand

.97-1/10 LE150

1920 12525

----

Spot 3-month Copper

Spol 3-manth

Lend

Spot

Zine

Spot

3-month

Buyers Betler

100

030

04215

043

--Uni

RUBBER

NEW YORK

Rubber futures closing prices,

all in cents per ib.:

Nov.

JRI

Mer.

Moy

July

Sept.

Nov.

METALS

NEW YORK

Closing prices all in cents per

COTTON

NEW YORK

Closing prices all i cents per ib.:

Boot: 3.63; Dee: 34.12: Mar: 130; May: 35.75; Juty: 10.10; Del) 35,201 Der: 35.31 Mar 36.63

LIVERPOOL

Cloning prices all in pence per Oct. ib.:

American Contract

Jan Mar

x standard

29.45

29.35

21.00

20.20

20.00

20.10

20.90

28.55

20.55

20,53

LONDON

Closing prices all in pence per

16.:

No. 1 Her pot 2416-2474

Bettlement house fermi

244-241:

Oct./Dec.

243-24T

9.40

Apr./Juna

1.12

10,45

10.38

20.30 30.30

Oct: 23.85: Deo: $64b; Map: 2493 May: 2540; July: 20.89; Gel; 24.53 Deol 24.80.

| Jul77Bapt.

Mixed Contrnoi

Bit

Cel: 24,38, Dec: 2400: M: 2120 Closing prices, all in sterling May: 2010: July: 25.50; Oot

Deci 24.95.

---UPI.

2016-2012 2014-20 | Orf/Dwe

General markete, cid. Unda, porisi Nov.

Buu dien HA HAY và

lifek Nov... MI

ALL AT BRA -- Primed to probe mysteries of the sea, or ferret out unfriendly subs or surface vessels, the Lockheed-California Companƒà PâV-1 Orlan, and Bes Quent research ship team up for thele fent fundily porlenit. Both have koy roles in the company'" extensive Anttrüb- marine Warfare and Ovein Bystème programmer/rr:folentifie secrets the Ros Quesi unlocks from ocean depila will, be appiled to detection_uspabüitles of the Orion) 408-m.p.bu. wab-hunter in qushfliy production for VS Navy. Bertünd As. Ban Diego, the Sen Quest haa eritland waters off the, West coses on bails, revcavoli nilmióna senif, to Guadalupe falsiid and north to the Blato Barbara Channel.

•

more

ib.:

Cupper Oct,

Land ON.

Nov. Zinc Oct.

Nay.

NOY

LONDON

per long ton;

MOBIL PETROLEUM COMPANY INC.

TELIMONOS

ANGRIKUNG A SHANGHAL BANK ELIG, HINUKONG

21