1961-11-01 — Page 2

China Mail 德臣西報中國郵報 All

Page Z

THE CHINA MAIL, WEDNESDAY," NOVEMBER 1, 1961.

Selective buying of New London Stock

York stocks

New York, Oct. 31. Stocks scored an irregular gain on moderate turnover today. Buying was selective and based largely on specific corporate developments.

Union Carbide, International Harvester, Procter and Gamble and Eastman Kodak with gains of at least a point gave the Dow-Jones Indus- trial Average good support.

A point goin in Chrysler Catgate Palmolive releted a surprise new labar Columbia Carbon

Unite, lambda Pretuper contract offer from the

Cimbustion Engineering Auto Workers which reportedly munereal Credit

nude ador coners duus. Hopes Commonweath Edison

Continental Cart for a peaceful settlement pig solidated Eaton duced fractional gains in beri Postinents. Unl cars and steel where rose around two in a dividend

Locsist.

Caring Clea

Lakes

rare Cu........ trewn Zeiterjach

Dave Corp.

Deer and Co.

Cities weakened inte in the Delaware and Hudson session.

Ditzond Nat. Com Distiflers-Seagans

Today's volume was 3.360,000 Dugs Aircraft

shares.

Of a total 1,287 issites trailed, 598 were higher and 430 lower. American Exchange volume

was 1,450,000 shares.

Bonds volume amounted to $5,2+0,000.

Dow Jones Closing Averages

were

30 Industrial

26 Rails

15 N

65 Stocks

40 Bonds

Comm. future ptice

ה:

Closing prices

AUF Ind

Air Rodr₤1

Aldens the

Ailled Chal

Allied Mis

Atle Chalmers

Alum 1

Alum Cat Amer

Amer Miboos..

Aner Make Str

Amer Cysamia

Amer Cable and Ratio

Ainer Flee Pow

Amer at Pune Pow

Amer Mach, and rug Ars Melai Camas

Auer Nat Gas Aner Phetaungs Amer Setok Amer Sugar

Amer

Tel

and Tel

Amer Tobates

Amper

Anaconda

Armco

Haw Khoz

Boring Airplime Borden

Berman Foods

Burroughs Corp

Calf Packing

Campbell Sup

Yesterday's Closing

COMMODITY PRICES

FOREIGN EXCHANGE

NEW YORK

Closing rates; Cinada

England officiel

10-60yx

New Zealand

Others unchanges.

LONDON

Closing rates;

477

411%

312%

NOT

New York

2214

Montreal

ICT

Amsterdam

run

505

Frankfu

47!

Lisbon

5014 Paria

Stockhubu

MBAN

441%

Vienna

Zurich

Dow Chemical Bremer

70%

Dupont de Nemours

30%

2124

Inkl.

Dugtree fight

Eastern Atelinen Eartina Kodule

E PERO Nat. Gas

2.8150

2.R050

9.81-7/98-281-9/18| 14.90-13/18-2.10-15/30

10.37-10.371 11.2074-11.284 10.17.80.27 20.034-20.03.

13 03.13.837

14.245-24.541% 1746-1740 22.67-72.70 12.30-12.1834.

METALS

NEW YORK

والله الله

Oct./Dec.

Jan./Mar.

Capződte

July/tepl

Oct/Dec.

Nov.

Dac.

23-1 2311231

235-23 General marketa, dif. hard, poITY: 274.241. 23-22

Write prope

thin Nov

thick Nov.

AMSTERDAM

Closing prices all in guilders per kilogram, elf. Nov.

Nu. rubber

No. 2 rubber

Mo. rubber

Ku. 1 crepe

2.07 vein 2.00 buyer 201 Busera

235 buyera

COTTON

NEW YORK

Closing prices all in cents per lb.:

Spot

Dec.

Mar.

MAY

July

Oci.

Dec.

305.

Market closes firm

Stocks overcame

London, Oct. 31.

a cautious start and finished

firm today under selective small-scale buying in the absence of selling pressure. Market lenders scored a spread of gains but Courtaulds run against the trend and icat nearly 2 shillings to 29/9. Im- perlai tobacco shaded but most other top rankers edged on to high ground.

Sturts met demand, and steel stocks, engin sting, motors im. proved. Bowaters were strong in papers. Shipping counters were Juil.

Investment

helped buying coppers into higher ground but were hesitant al- gold mines though ending higher on balance, this moved narrowly and were irregular at the close diamonds gave ground.

Banking and Insurance coun- ters moved higher, Hongkong adding Shanghal Bank £3/8th to 210 7/8ths.

35.65 nomr

34.03

33.31

133.71

and

33.19

35.10

25.43

NEW ORLEANS

Closing prices all in cents per UPI.

Closing prices

British Government Securities

Consolidated-39

Conversion-52

32, Saving 1055/05-90-21/32.

Savings 16570-E04

3 Sayings 1905/75-272.

War Loan-02-7/16.

Oyeraras Bonde

German Dawer-LB3.

5 Japanese. Assenled£152.

Banks & Inasiganew

elיז

HONGKONG

STOCK EXCHANGE

Our Own Correspondent

Business done on the Bung- Stock Exchange this kong morning amounted to approxi- mately $2,440,000. Noon" quota- morning's and Lluns transactions:

SDATES HX Bank.

the

Buyers Sellers

JEU 332

Bales

2) 3 143335 200 on 232 10354

100332 406 330

100.. 333

RANSPORTATION

Big use of foreign

ships for U.S. trade deplored

New York, Oct. 31.

The President of the United States Linos, Mr William Rand, said here today it was "shameful" that nearly 70 por cent of American trade was shipped in vessels of other nations.

In a speech prepared for de- livery at the National Foreign

Trade Convention, herald tin: 10,000 reconditioned

this had prevented the growth

of the US merchant fleet, and acted as a drain

the coun

try's balance of payments.

He also said that a strong US marine waN needed merchant

before

ад

12,40 "counter-weapon in the ecund-

100 12 123

as part of its

has

Fro- Broume seeking world domina-

tion."

Pinerton retrie

kindly Mintance

Ferro Corp

Flared J'aper

2042

Renewed selung depressed rabbers while teas held steady.

Filtrol Corp.

Fireston Tyre

Closing prices all in cents per

1b.:

Ford Motor

Ab.:

703.83

General Dynwnl

274

Spot

Allied

148.12

General Electric

130.07

Generi Fo d

Lead

Zinc

0.77

Dez

Nar.

9.04

Mar.

Lombard

K&FE Jav.

75 4 41

Inv. 0.30

100 9.20

125 12.00

10.31

142.50 feneral M

General Instruments

May

Wheelock

Noc

Jully

35.31

12.60 32.78

1000+ 19.70

more than

ever

Copper Del.

D.I

84.08 Gen Pub.

Del.

33.15

(New)

12.40

1000

Nov.

15.24

HK Dock

122

mic war

Gen Tri and Fire.

Dee.

2967

Gen Tyre and Rubber

Mar

150 123 -

which Russia

Jan.

2007

147.97

Getty Ol

LIVERPOOL

200

+124

Inunched

Atar

Gidilen Co

May

Gate 413F)

July

Great Northern ty

American Contract

Closing prices all in pence per Hs.:

Talkoo

1000 or DM

1930 63

100 2815

3000 05

Gruman Aircraft

Dec.

24.00

56z

Gulf Oil

Mar

25 30

Barclays Ord-

Irovident HK Hotel

5100) --- 30

40%

Harmon Organ

per long ton.:

24.50

Heine

July

23.43

Chartered Bank-404 3d.

Hoyder Newport Chem

Buyers Seliers

Guardian Auraneo-15 34.

11 Land.

70 2019

201

Baton Hotels

Tin

Oef

24,50

ilongkong Bank-101.

Honestake Mining

Aput

Dec.

24.50

9535

18315

Landel Trusts.

Mixed Contract

Lloyds Bank-do

271,

1 fri

Copper

24.63

and

Spot

Mar,

26.10

National &

Lenibard Banking Ord.-13 3d,

Locri P&P

1254 | Inland Sterl

3-month

22012

May

20.60

111

Lead

July

23.20

Royal Bank of Canada-

Prudential. A £23-27/32.

HIS Realty

Interchemical Corp

tushers Machines

Sput

72% Fint) Harvek

3-month

Oct. Dec.

24.90

24.00

Zine

UPL

Int! Nickel

1. Paper

Spol

-ກາການ

Ord-11.

Goodyear Tyre

im ref and Tel

Jurer und Laughlin Kalker Alun

Kan Pwr at Light Kennecott Cupper"

Kern Custry Land

Kimberly-Clark

Rep Pauer

Liggett and Myers

Link Best

23 faly Tulp

Life ind.

10%! Luckheed Aircraft

Lone Star Cement

Coriard P

473

Melfunnet Alteraft

26 Methany 19H

1211454

2650

LONDON

Closing prices, all in sterling

J-month

RUBBER

204

Rubber futures closing prices,

SUGAR

300 l 402

500 41 1400 to 692 100046914

4336914 EQO TO 600 30 29.03

2 2.3

IK Tram

KM Bus

30 3812

75 11%

Yaumati

115

117

Ch. Light

IIK

36 3814

Electric

28 3814

NEW YORK

Closing prices, all in cents per

Royal Insurance Ord. 23.

British Petroleum-42s. Burmah O11-31a.

Shell Tra=Q=31+

Royal

Ultramar Company-27 15,d,

Steels Engineering Babcock Wilcox Ord-te dd. Colviller Ocd51 3d.

Dorman, Long-25 34. Guest, Keen Ord-70 RG. Harland & Wolf Ord-16s Gd. Steel Co, of Wales--afs 61.

& Lloyds Ordin (d. Steamers & Sour Ord-435. Tube Investments--dia. United Slee!-418 3d. Vickers. Ord-201.

Electric

Assoc. Elec. Industries-309 34. Astor, Television "A" Ord-23s. Drit. Electronle Ind.10 1. Brit. Las. Callender Ord-55% 100. Elec, & Mus. Industries-30 34. English Flectric Urd-208 30. General Electric Ord-234. Philips Brd 204 10

Works-C10-31/32. Redifusion

Industriali

Telephone

Old... (New)

lightal

200

2.60

2.30

5000 2.275 5000 m 2,273 130002.30 1200 30 100030114

1060 73

THE 73

00 73 100 73

100 73

ja 120 7000

2310304 100938

1500 - 3814 209 210 100G 302 5003814

13 434

18.30 101

0:0

0 or 43%

Mr Rand

said that British vessels carried 70 per cent of Japanese Beltish trade. while

and French ships carried more than 60 per cent of the trude of their respective countries.

Norweglan vessels alone, be added, carried more US, goods than all American flag ships put together.

Mr and said: "When you pay for foreign flag trans-

you export portation, dollars. When 70 per cent of American commerce Is ship- ped by foreign flag, money is in effect, being exported and added to our foreign trade deßelt."

engines a year

London, Oct. 31. About 10,000 reconditioned engines a year nearly four

the 1945 times figure are now being produced under o Par- petuity Plan by the British diesel engine firm, Por- kins Ltd.

A company that many countries ur terri- tories abroad have found it

spokesman says

Africa,

Ghana,

cheaper to arder Perpetulty en- gines direct from Peterborough. These include Jamaica, Canada, Algeria, Finland, Sweden, Nur- way, Nigeria, South Malaya, Mozambique, Iraq, Bahrein, France, Elce, Morocco, the Italy, Germany, U.S.

Caribbean and the Congo.

The firm guarantee that all Perpetully unlts are built to expeting engineering standard and engines are rigorously test- ed before leaving the factory. All fuel injection equipment is completely overhauled in special department.

engines Replacement maintained in stock in the home plant and in distributors pre- mines abroad. Shmiler Perpetulty schemes for Pericina engines are operated in Australia, India and

distant

ferrl- other tories.-LPS.

He said that if more goods were shipped in American ves- the resulting revenue sels, would enable the subsidised lines to improve and expand their service, and enable the large government to recoup 21.60 part of their subsidy it pays to 300 210 help support the shipping

"Beyond that, it would benefit

44 4 101 1318.40 2004 10.40

50 10

Armour

Ib.:

Atlas Cons Mining

NEW YORK

Contract No. 3 (world)

Baldwin-Lima-Ramikor

Bath from Worts

Mar.

Reectorat Life Saver

123

Bendix Corp

612

Beneficiat Finance

Mallory Pa

Lowenstein M and Šime"

all in cents per ib.:

May

Nov.

Mas J. w

Jan.

REX 21.75

27.53

Standard

July

27.15

sett.

Oct.

27.40

Benguet Cann

Meberett

Mas.

27.10

Spet--(World Average)

Beth Steel

May

77.20

Total Sales: 24 contracts

July

27,20

Open interest: 875 contructs

HK Go

... 21.70 21.03 3000

Merc

Sept.

27.13

Contract No. 7 (demestic)

MGM

Nov.

Mor

50%

Minesota Mining

27.10

Miring Dr

LONDON

Μου

Cilman

4.323

4.33

4000

July

0.35

MK on evetopmnest

'Closing prices all in pence per

Set

1221

Meal TrOS

15.:

Spol (Bulk, duty paid!

0.24

2000

500 21.0) 4000 433

4.373 34.03

325

dustry.

6.30

Canadian Breweries

Munte Cheisles)

Canadian Pacific

Montecatini 241.

Total Bales: 52 contracts

Open Interest: $5 contracte

Assoc. Portland Cement-40s 450. Boardman Marden Ord-34 750.

Jardines ... 24.70 24.03

LED

a150

Carner Corp...

Montgomery Ward

Borax (Holding)-1 94.

-UPI

Cure (31) Cu

Motorola

Caterpillar Tractor

National Beli

Celanese Curp

National Crah Legister

Chrysler Cor

Cherapeake and Olito

3015

Netical Dairy

53%

National Load

CP Financial

National Steel

New York Central

1122

Cluett Pealty

Coca Cola

New York

sugar market

New York, Oct. 31. World No 8 sugar futures

today closed unchanged to

Nufold and Western

North Amer Aviation

Northwest Atrines

Oklahoma Not Gon Oil Matitleson Chrus Of Elevator

Owen Tinola Glass Oxford Poper Pacife Gio

and T Airways Paramount times Parke Davis Pennal Chem Penny J. C.

Pepsi-Cola Pazer. Charles Pilla

Philip Marr

Pitsbury Flour

Pitney Bowte Pittsburgh Protor and Gamble Pucker Ind.

Pullman

Pure Ol...

Radiu Corp (Cm)

three points lower with ads Corp Pret

sales of 14 contracts.

Domestic No, 7 sugar closed unchanged to dve points lower with sales of 32 contracts,

Raythena

Republie Stee!

Revion

Rexall

ayolds Metals Reynokls Tolneco Threm Miy Royal Butch Saleway Stores St. Hvis Paper Seneney Inds. Scott Paper Bears Horbuck Still On Sheraton Corp. Siegler Cerja.

The market continued to drift 1stlessly while traders availed some new major developments.

Business in domestic spol sugar was reported at a practical standstill. Holders were not Siacinir

pressing for sale and refiners, Smith, Kitne and French were equally disposed to mark Sucony time.

World spot sugor

firmed at

Bouls Puerta Bieb Southern Co. Southern Net Gas London, but there were no re- Fouthern Pacific

In world Southern Railway

ports of business

actuals-UPI.

AMERICAN

STOCKS & COMMUNITIES

WHEN

WHEN DUY

TECHNICAL

ANALYSIS

On Stock Trends

Romarch Dayt

PERENNIAL TRADING CORP.

010-818 Edinasingh House Ron Koni Teli Kipas, zi

Sperry Hand

Square D ...... Sund Brande Standard Oil (Cait) Sturtard Off (Ind) Standard ON (NJ) Sterling Orig Blokeley Van Camp Stone, d Webster Studebaker Packard Sunshine Mining Swift and Co. ... Tenn. Gas Trans Texaco .......... Texas Instruments Textron ine. Thickol Chem Tidewater Ou

20th Cont.-FUX Tinion Carbide Unton Oi Union Prefe thilfed Airumti

United Arušt

Vetted Gas COTS

VR. GypsumÝ US. Rubber U.B. Mening

US. Steel TC bro

Jivera Match

Upjohn Caro

Walker. Gram Walworth Co. Warner Bros Warnar-Larnhart Waukesha Moters Western Union Weigle Air trake Westans Electriv Winn-Dixie Stores Woolwortti Zenith Radio

13%

No. 1 Rs sport .......... Settlement house term:

New York

York U.N. MINERAL

cotton market

New York, Oct. 31. Colton futures today soften- od after a steady start, backing off under moderato Increase in hedge selling, although overall activity was still an the slow side.

SURVEY IN

S.E. ASIA

United Nations, Oct. 31. The United Notions today announced an agreement to promote minoral survoys in the lower Mekong River basin of Southeast Asia to determine the feasibility of setting up new indus trien.

nam.

Final prices ruled eignt Prospecting will take place point lower to Ave points mainly in Laos and Thailand, higher. The market opened off but ensuing developments may Ive to up stven points. New affect the entire area, which also Orleans, closed off four to eight includes Cambodia and Viel- 312 points,

The industries envisaged Increased offerings in the would be based on resources afternoon session pointed up known to exist in the region, the sharp increase in southerns including coal, iron, manganese market spot sales, phus the and salt. Work on the surveys continued

favourable стор Is expected to start before the news. With inst reports end of the year. Indicating picking and glosing

-3016

to be moving along at a rapid

pace,

The UN. special fund. has allocated $474,300 for the two- year project, to provide perts and equipment. The remaining cost, equivalent to

EX-

Sales of opet cotton at this: 14 southern markets totalled 100,- $191,040, will be borne by the 070 bales on Monday, the highest governments of Laos and That- total for the season thus far. land. The United Nallons will Some traders thought impound-be the executing agency.-UPI. 4%ings under the Government

would

rise

Ican programme sharply this week in the wake

of heavy innings.

Some commission house buy-

tellvery ing In the December was credited partly to textile mill accounts. Some December contracts olan were

for May.

Exchange rates

Duinens was duste exchanged

uroriicial exchange market inorring at the following rates:

in the

locat this

4.070

10,10

The end-October cotton parity | US dollars (per #1) price, announced today, was re- Sterling notes (per 21)

Australian mates iper £1) .... 32.45 parted at 38.83 cents a pound,

Japañose yon (per 1001 unchanged from September, but | Cambodia flei (per (20)

to 40 points from a year agoTech new franc (per 1) .. uri.

Agreed merchant

rates

Coundian dollar,

3.00

34,

Beces Records Ord-30s 9d. Dunlop Rubber Ord-20s.

Fions Ord-348 101ąd.

Gilman (talings) Ord-On 3a. International Computerss Da. London Brick Ord-80s bd. Turner & Newall Ord-30s 7.

Unilever Ord-40.

Wiggins Teppe Ord-Bis pd.

Chemicals

Imperial Chemicals Ord-01a Ca. Monsanto Chemicals Ord-36 31. Cena & Trievision Asoc. Brit.

Buni o

Ord-31.

Stoll Theatres-On 30.

Paper Rowater Puper Ords 3d. De La Rue Ord-1s.

Freed (Albert E Ord-11, Spicers Ord-40 7.

Tobacco

British-Amer. Toli. Ord-286 $0. Carreras " Ord-So 101ja. Imperial Toliaceo Ord-Gas Dd.

Motocr Brita Motor Ors-136 41. Hawker Sidde cy

10144. Jaguar Core Did Fa—20€ & Rolls-Royce Ord-30s ta. Westland Aircraft-16# 130,

Bradford Dyonaises..

Calico Printers' Ord~128 4350. Conta (JP! Paton & Baldwin-418

Courtaulds Ord-20s 10d.

Fine Spinner Ord-273. Lancashire Cotton Ord-401.

Breweries

Dalers Co. Ord.--37% 3. Gultness (Arthur) Ord--519 Oct. Ind Coope Ord-145 430.

Atara

Great Universal Ord-anod, Great Universal "A" Ord-484 BO, House of Fraser Ord-35 d. Lelulgs Extract-1 1d. Lyons (J) A Orddis

Marks & Spencer ord.

Tate & Lyfe Ord-4ta Ad United Drapery Ord-161 3d. Woolworth (W.) Drd-51 100.

Biscellaneou

Bowmaker Ord-13 d.

Ant. Commonwent ship. Ord.-30 201şd.

Canadian Pacife Ord--#42. Cunard Bleamship Ord-13 dd. Forestal Land Timber-10 IDid. Furness Withy Ord-330 1435. ifonghengt

Hudson Bay

Gos-130.

Indo-Chine Def. Ord-10s 6d. Land Securities Ord--27

2. O. Steam Nus, Detais. Channel Tunzel-301.

Miner Angle American Corp.

BA-130

Brit, South Africa Co-On Dct.

Investment-sen pd. Consolidated in Or

De Boots Def-138 10148. London Tin Corp.-10.

Mount len-034.

Poieling Tin-10.

4.4.

President Pro-Amery, Ord-13

Thonetan

Rand Helection—is lotid,

Ord-630

Rhodestan Selection Trusi-8.

Bonn Antelope Cepper-d.

Union

› Trust Ord## ad.

1.00

thodesian Anglo-Amer.

9.20

20.

LIN

Brazilian cruzeiro (per 100)

Hokana Corp-475,

Argentine peso iper 100).

4.20

Ilo Tinte (Fearer)-301

Korea hwan (per 1000) Kalish lira (per 1000)

4.00

0.43

Ralect Dorporation-

1.20

Watkom do Mining-177

11/1

Thal bant (per 100) Burmese Kyat (per 10) Pakistan rupee (per in)

2000

10th

Western tolding-110 1916#.

.....

0,314

1.34

Anglo IndoneMary Plantede dd.

1 no

Chinese JMP (per 1) Talwan yen (per 100)

1.90 maximum

pelling 10-1/10, minkmam buy ing 18-0/10 TT; 18-3/8 OD.

West German Deutschemarks, maximum selling 09-9/4.

Macho painen (per 1) Norwegian krone (per 101. Philippine

pase (per 1 Bingapore Straits (per si Awie trane (per 1). Netherlands quilters (per 1 Want Gerbian D-Mark (per i Cuban peso (par 1)

West and Investment Truel-en

Bouthern Malayan Kip-300.

Rubber & Teas

Ceyton Ten Ord-19.

Imperial Tea Ord-10 0. Kunip Lumpur Kepong 71Ld. Lambak Rubber 19

G.L. Cemettl 011

l segments of the American 21.00 1erchant marine and allied in- 21.50 eustries with inercased employ- 600 24.80 2007 200 meal

150 21.00❘ revenue,"

300 or 24.0 Reuter.

24,60

359%

Dotry

Watron

Textile

Nanyang

12.03

1000 0.35

A Rubber 5.15

A. Trust XD

City Hall

ול.

400 30% Hiphreys 24.2045 590

39 30 3 Lane, Craw. Int' inv...

24.30

1 or 121 122 12.00

UNIT TRUSTS

First Hongkong Fund, ex dividend: $1.13 (buyer) $1.21 (seller),

and increased

Mr Rand sald

fax

overseas

are

one-man recovery

unit for cars

London, Oct. 31.

recovery

U.K. yard to build A new breakdown

80,000-ton tanker

London, Oct. 31. Norway has ordered tho biggest tanker to be built In Britain.

•

unit, which enables damaged cor to bo

one brought in by

man and which does not need to be mounted normal breakdown vehicle,

has been produced by a United Kingdom firm.

It will be of 80,000 tons dead- Combining the functions of weight and will be built by both a crane and an coibulance, Sen the Joseph L. Thompson and

unit in mounted on two on the River Wear at Sunder-small wheels with a jacking de- is for the vice running over a bipod. The (buyer) 5 land. The vessel

damaged vehicle is picked Fred Disen Company of Oslo.

Second Hongkong Fund, ex dividend: 18 cents cents (seller).

Called the Tow-Boy. It can be

bny

An Income distribution of The seel will be laid early by a sling. $1.49 per 100 units will be made next year and the Burmeister on December, 15 to registered Wain diesel type machinery wit used in conjunction with

the Second i be built by farland and Wolff vehicle, as a towing medium, unit-holders of Hongkong Fund as on October at Belfast, Northern Ireland.—| including cars or light vans -

31.

LPS.

Picture shown work in progress on the Vickers VA-2 hover-ferry, which will be on market by next spring. It will carry 24 passengers, hag a crew of two, and a maxi- mum speed of 70 miles an hour. Vickers fest pilot, Leslie Colquhonn saldı. “It should-be ** aid drive sa`a`etr”: The_VA-3 will liave only an ignition swlich, starter 'bulton, sooelerator, two foot Drakow" and a novel type of double-ring steering wheel as controls, The men at Viskers Armstrong (Bmuth Marsion) Lid works as South Ätereson get on with the job big, export males are expected.—Express Photo..

1961-11-01 — Page 2

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