1961-11-16 — Page 2

1

THE CHINA MAIL, THURSDAY, NOVEMBER 16, 1961.

WORLD SHARE MARKETS China Lights, Wheelocks CHANCELLOR LLOYD! Market closes

BUCKS UP SHARES

Both industrial stocks and gilt-edged moved up after a

at peak levels

cautious stort yesterday and the list finished generally Stocks closed in record high ground yesterday, despite a higher.

LONDON

A junchime speech by Chancellor

of Ex sequer.

Selwyn Lock eftersa gresk foteli

and si greuge rue, divisio

Elevizical e

and dentrones we door de to byphoo

shipping

breweries and Boating Fundet

Pret

Companies

Jakeis

from a switch to arcunul ccanog by vaudent Avery

Six

Mailinge

wutical

וון. ןייד

Sullings

Bich

Bugly Portland Seat you do!

The starliv

Gold wom

Stel .:է:

LIFELESS

<l

וי .. : : י:

*

...

"

C'oppers slayed qune fot moved mile hagher gouni

The ship in quarterly

Counter 3 16

Jur

#1 wher

use! maily

Shek are

lugher at J45 0

Peraga tud worde Hublun

71HIVAT

www

.

Closing prices

GOVT SEOS

2, 59 16

22

啡色

ANGI

Victor.

94-FZ8

SEAS

Dr. Auskulta

5:

ETEM

;', י

AFFELN

ENGINEERING

YOU

Hel

ZINDAKAN

PAPER

why

ייך

יי !!

T

י.

Couchofris 3:42

22.

50-

wave of afternoon profit-taking which cut deeply into big early gains.

U

i

Am

Adult

و انواع الله

Great North. 45

36 1

Trading continued to be heavy Su/435) with total sales coming close to

1 ve mallen share mark high speen bekers lugend Tre hund the bading Boor from une

Blue chips took the brunt of The inte selling, as point-sized Pams

vinmonted wire Sumber of early favourites

Bastman Kodak and

Can Telephone dropped about a propal Chrysler early 2 and Ford 3. whule Sears Roebuck and Woodworth held big guns 12 strong store secher where reword Christmas sales are

ex- pected.

HESITANT

Steel shares were arow and hesttan, apparently

the Acakness

boyses tangng up do Ave pools appeared mnanid!ul of cle trones laut Beative

comed most of their gas

thi stacks generally

of tracho

In point. alem Amerada which

removermi a sarall yesterday

21 The face est gewer thure smartca profila

Toy Viimas WP 46604KMI

of a total 1,326 shares traded

bra week Eagles and 59; down

American

Exchange

* 1.670 000 shares.

El P$20

Enarson M Family Fim Form Corp Pleboard P. 30

Filtrel Corp 25 Prestone

Food Motor 110 ten Dynam 224 Gen Elee 7

Gen Foods 105%

Gen Instr 32 Gen Motors 52

Gen Pub UI MA

Bus M th: Hays

Bonda volume amoacted to Barton $4.980.000.

Publieke: Pullma

Pure O

Rhod Angiu.

ر دیا

*

Is a Spl 43 N

Soni

14 Them

41.00

Room Ai

4/11

imon

Coru

54/E

Welk

14/0

West Roxd

50/-

Www Bok

1207

South Mal

337-

RUBBER & FRAN

Arghe forker

Bevan Bea

16/6

ភ្នំ - 1

כויי ::

.it

Nat Gas

South Pac

Sout: Rarit SK Sperry Rand 23

active

There was again heavy dealings in China Light shares on the Hongkong Stock Exchange this morning and more than 21,000 shares changed hands during the morning session.

HONGKONG

212 $

Fler

1

Prices Bucidated 11: for manage

a dollar and after opening at

$40% closed 25 is down

The scents

to be no parti- malar Tenson for the heavy trade These shares in recent days and unless speculators are hoping

favourable agreement with Government on the future of the electric companies

1500 45

New 42'1

3000 - 12 40 Cine

250012341

3000 12.40 Gule 9000 12.40

BMC pick up

speed - and

big orders

By Alexander Thomson

Birmingham.

$38 after am in this bustling city, where "prestige" office blocks seem to be going up every-

Another share which sold Jarge lots today was Wheelocks, More than 20,000 changed lands

121 32 8219oad the pries han $12.50

4:75 4 275

500 421

125 m2 EWO 524 50 >24 79 109 1 126

1542470 0125

Taikoo Tri1y mily

BG1

SC 10

20

$12 40

The market generally

was

| Hittle emmer this morning on a kwer turnover -$29 2000 34 60 slightly 1000 24.6 million as against $3.57 milion Cement bo&* s7in yesterday's half session

In the lilly section, Phones, Trams and KMB shoved slighi felis.

In

thr

morning to $24.60.

On the

fact-

where, for the first stage of a finding tour of British industry. Outwardly, Birmingham is the same as

Woolworths have what is surely their biggest store here.

And other

ever.

ex-

of this year and the chain store world vle with ported 484,000 or roughly 48 per each

famous names in months

and

ret

Over the same British

size

for other opulence.

In this part of the Midlands of course, is on the emphasis. section. | commercial Ewa dropped 10 cents

with motor- light engineering

predomination influence. cars the

So I drove out the other day to works of the British Motor 2150 million

Austin and Corporation. The

what Ree Morris combine, to the mood was there.

Cements, after rising to $661z ! yesterday, picked up another 50 the Longbridge 500 $4

rents this morning.

2400 $125

70055

But T 10 45 25.70

Fanp

Bout

Const

งา

Hongkong and Shanghen Bars were dull and easier at $362

COMMON

TESTLIN

Hi Pel Brati

3.

12/417 12/9 Cutter truals 142442

Na To

15

1 and

The Spen

a.l

1

16:17

BREWERTE

NEW YORK"

85xd Dum Nat C40

Distillers

F150R

39/3

Doug Air

35

Ukia Gas 40% Olly Math 44% Otis El

78 Owen G. B Oxford Pap

Duchess

5478

Dow Chemn

757

Por Can

防小號

Trat Cimpe

14/0

Dresser

Pac T

STOKES

Hiver

14

Luscles Gussier A

Ho

Dupont

250

Panat

106 T 4b

201

This morning's quotati prices were:--

ten

a

Duquesne

321.

Paramirink

SH

HK BK 6302 5304

60

362

Eastern A

Parke D

360 362

Kakk

1104

Pennsali

14

1:39 4 500 391 400 401 150

40'

Stew Food

Pysym

Laans A

37 102 75/3

Penny C

8144

Pepsi-Cola

Б

Any ba $ 40

Reg. 5286 $290

100

40

[HM] in 4)

J

A1 Spor

M

Tak

2

10 19

2) KOTRA

2

Woodwort!

48/9 47/9 53/-

2

Pax, Chas

AR

01

Philco

HK FE

6. 391

Zi!

1:FT

1:21.30 27;

Electries were less active and ¦ quiser] steady (furtumung in the lunge

doilar.

a:

uf

a

Philip M

113

Pills Fluv

2000: 213

Phome

Od

5

い F

NIISCELLAND-

Pitney B

Wien f

€350 Wtock 12 40 12),

700 441

INA Lei

OLS

Pills Piste

$1

XI

1. 12.

2341

Baezaker

1576

Proc Gam

1. Vou

al 1

!

big b

Shop

3'

5/1

figures

1

chunri

44% 00

31

Radio Corp

54

inty Los

4G

Radio

Fr 725

Dek

well

INDISTREATS

P

Found S

14

Raytheor

Citi

Instal

Boundry

Furness W

$$

TIK G

23/

Grn To & El 264 Gen Tyre Celty

Reput Steel S

86%

Hevlon

15%

Beyn Tub

E

Dea

tod

His

J

sudden C'

43%

Kheem Mix

. 1

19 33

20071

Gedrich

Royal Dutch 32

:BF:

dyear

47

15. Safew

54.

35%

500 300

104) 87 12000

327

MINES

Schenley

25%

lk 1420, 941

3490 / 66

41

140.7%

IN A: F :' -

telimon Air 31%

394 Gulf On Hammond Or 33

Scot: Pap

1000 43

124

Sears Roe

Ladi

40

Shell Oil

74 674 130374

Darts

937 371

590372

18/8

were 191/10,

103

owing o motors B

B

7015

Sheratin

Heyden New 20

Hil

Slegice

35

Sine bir

24576 37%

51/9

anestake

49

Smatth. K&F 15%

100 Local PP 130 5307)

Walla 150031) Kelly 2 15 2 175

3500 ... 31%

bai 750 53

Rusuna

22

le

Socoty

47

Rain. P. w

502+

shares 10-

Sth Pito H 23.

ingersal

Southern Cali

600

2.20

lend St

45%

7500

2 15

Text 8 10 15 Ny

showed

terenein

412.

New 12

b12 10 12

59

Trac

baga, t

A Rub

2005

2000 510

53

Fat Minderk

Square D 475

11.00 +1

part of t

1: Power 1&

3x

Stand Brnos 97 Stand Qli

Bus 78% FI

100 77

Jones Laugh 601,

Caut

#22

Her Al

Kans Pwr

32 14 Kennecott 8.5

Indi

45 .

(NJ)

Steal Yog

50 76%

Kein band

31

Stokeley

2.

YR

129

Kamberly

H

Stone Webs

73%

KV Pa

SAP

Let M

106

Studebaker

JW

13-1

Sunshine

1

50

My Pul

Swift Co

42

46.

Tenn Gas

247%

145

Темас

Bockheed

4.53%

Textron

24

Lone St

3.

Throkel

Lorillard

035

Tidewater

141

7344 34

Lowenstein

14

20th Cent

55

201

JP%

5000 to 40% 1000 105. 10) 3

h12

6740.

Macab

36

Ta

15175

Wan Cat 11.

500 10 10

Vibru

H

1

231 43

McDermott

432 Union O

3600 401;

Sa Dock

at net.

84 32

Medion Af

38.

Brion Pac

38

1500 si 4033

Sh Land

b

Even

future price Index

19843

McGraw B

367% Au

431,

139 40

P Tram (0) 15

Merck

Bf:

1 Fref

MGM

FOL

Utd Gay

25 407

jetla pers fok I J2.952.

vran mraded July 31,

chatraum,

US Cyprum 106

Min

75

US Rainh

379.

A1 1114

Lond

As Nee

5022 #3

Burde

Mission Cony 391% Muston Dhey 23

US Smett

US Steel

Fle

Asetari

4፡

73

Allied her dia

Ru: roughs

Alien Mon 42

Car Pack

Mensatio Monterat at

5

Fim Madely

347

Up Join

Alla Com

40

Car Sottr

122

Alan 14

Mont Ward

3

Walker, M

C'un Brew

Alan Che Am J!,

Motor

87

Walworth

2

UPR

$24

An Au

Mut Ri

AR

Warner Bros

85

24

40

An Meme

No Cush

=200

WA-17:1

EXO

45

Case J

A. Ca4

46

Not Dary

Ma

Wnukese

34

aterpili

38

Am Uyan

754

Nat Disil

2534

West Un

42

Celanese

36

A

1 NA

Nat Iwart

924

Wes 115

Alt 2li".

Chesapeake

57

All Pute

301

Umysle:

241

Not Steel

An Ma

NY Cea

18

< 1

1

992

An Metal

96-

Novfodel Weng 107

Ch.11 Pea

200

As Not Gas 30

Firl's

Cova Coin

14

Colgate

Am T

Aenkinters, Now

Art Lob

127 140

Cojom l'al Clane PiS

!..

Ta

Mr

US dollars per $1 407. 38% Staring notes per £1

Australan nutes ver l Japanese yen (per 100, Cambodia riel iper 100 Pench new fruse (per 1

Argentine peso (per 100 | Kuren hwan (per 1000: Taljan (per 1000;

18 78

12.35

149

The Corporation North America had held leading

"For position

8.10

years.

1.13

Right

5 20

4.00

8.05

nese JMP (per 1 Tulwan yuen per 1001 The baht (per 100; Burmese kyat (per 100 Pakistan rupee (per 101 Macku pałacu (per 15 Norwegian krane (per 10; Patlippine peso per 11 Singapore Straits (per 19 Swiss franc (per Netherlands gider West Genman D-Mark" (per 1 Cuba a peso (per 11

047

125

2660

647

427

0.990

7 70

127

LBO

1 31

per 11

1.52

140

0.00

INSURANCE

BANKS A

Share

4

Howe

My tem

17 R

M. Ber

:

יין

ין : י., 4

13.

I woke

Label

HONDS

Pun!

1

HER

11 at

AMERICAN

STOCKS & COMMUNITIES

1, 1.

WHEN

SELL

WHEN

Jug Tes

F! Nepong 278%

Mamlak

و ابا زال

Betei

Rootes' profit slashed

London, No» 16 Tad Beete Melon PEASER!

thr Hangers Vill

T:

good!

2. u 1 four yet

The previous year it was

22 per tal

Reuter,

TECHNICAL

ANALYSIS

On Stock Trends

Research Dogs PERENNIAL TRADING CORP.

U18-818 Edinburgh Hause

Rong Kung

Tel: 24818, 30384

NZ aluminium plant opened

:.....

Old Sp

GIVE HIM

Old Spice

MERRY CHRISTMAS! Say it with Old Spice. The finest men's toiletries a man can own... the personal gift be always meant to buy himself. Choose Old Spice singly or in gift sets.

usicals

voxe

Closing prices

Am Polo

Am Strel 33

Ampo

Amanda

Arsen

dang Aretr

ין

THERE'S MASCULINE FRESHNESS IN

NEW YORK - SHÜLTON - LONDON

27 Sat Ene

رام

Can. Cred .fa

50

fon İdison 1.1

17

Atlas Cons

Cat 03:1

th

13

Palt Obes

Chart GlasG

Init. from

047

Crane Ca

3419

Crown Zel!

52

Berank

Modis

Per Pr

1.2uel

Blow Ke

Cuban Sugar 24,

Dayes Crang

Drvene Cu

33, Duka Hues

Pre-Electric Body Talcum

After Shave & Lather Shaving Cream

After Shave & Body Talcum

Old Spice

Muitory

Miss I w

شهر

Kli

Mesahi Trust 13. 115 St Pi

North Am Av 50 Northwest

Werths E Winn-Dixie Woolwort Zani

UK quota on Taiwan

wovens,

cottons

London, Nov. 15.

a

that.

The Board of Trade an- nounced tonight

# has effective tomorrow established

fur quota woven manufactures, in- cluding cotton fabrios, um- ported from Formosa.

The quota

ทริ established at an annual rate of 12 million square yards.

to

been

Imports from Formosa Britain have risen sharply from virtually nothing in 1959 to ap angal rafe of almost 30 million square yards.

Formosa is not party to the arrangement reached at Geneva last July on in- ternational trade in cotton textiles, nor is she a mem-

ber of GATT (the General Agreement on Tariffs and Trade).---AP.

SUGAR FUTURES

New York, Nov. 15 World no. 9 sugar futures 10- day closed 1 point lower to Wo points higher with sales of 10 contracts.

World no.

8 sugar closed 4 lower to 1 point higher with sales or 24 contracts,

Domestic do. 7 sugar closed unchanged to 2 points higher with sales of 45 contracts.

Traders described the Bitun- tion in futures and in the spot market

as featureless for the

time being.

Spot raw ptices were UD changed. Eiro tenders tonorow for 15,000 tons of European rows, May-Jude shipment, tradé sources reported. UPI

Buyer Seller

UNIT TRUSTS

lat HK 2nd LK, Fund Tund

Thi. Div. $0.91 $0.97

Prices' $1.16 Prices $153

20 - 16:

Jungol 6300 1450

Hamp 125 125 1

1000 20

780139 Metal 7/240 v

Fight » 190",

$94.

1500 * 103,

4200 41

17804

200+ 41

501 235

4500 240

2004

Andy Can)

Star

I craw

1 Inv

Mines

D216 5224

Exchange rates

jene In the local Biness Was

this noticial

market exchange morning at the following rates -

Agreed merchant

MARKET TAKES UK TEXTILES

ав

London, Nov. 15. The European Common Mar. ket has displaced North America the largest outlet for British wool textiles

whole, ac- cording to the National Wool Textile Export Corp.

os a

Forecast

period.

out

firms tarned 502,000 ears and

shipped abroad 179,008, or 36 per cent.” I asked whether this ardent on volume meant that BMC was

pi the

still pressing on with its expan- sion programme, in spite what people say about dulger of over-capacity 'Eased up'

George Harriman

MR GEORGE HARRIMAN, is me in surprise

looked at

I can assure are," he said, "although the foot bas eased up

53-year-old managing dire-thean that we usual as we tor, was as gav as

a bit on the accelerator. walked round part of the plast

"There is no Together.

I did are going to two age

doubt that we have increasing A month 555 not think our outlook was any competition. But we have got thing more than reasonable," be to be ready to meet " told me. "Bu our sales boys His air of surprise turned to

determination have just come up with a fore- one of cast that we shall be selling added: 15,000 ears and trucks a week BMC for the next three months

ניי

have tried every trick know to shake them out of their estinate.. But i have not been able to do so.

If they are right, BMC's

25

Вле

"I see no reason why not do what

should Volkswagen has done."

A the recent

Motor Show,

BMC gained some Impressive orders Harriman American seemed confident of enlarging on them next year.

to

output will be running at the Meantime, he reported that rate

South of 750,000 vehicles & exports

Australla. between now and the Africa, New Zealani, the Argen- year end of Decomber.

tine and Italy were also "going This would go against a total weld."

Trading year of 60,000 in the In July 31, when there was

drop in production from 669.000 for the previous 12 months,

forecasting

"Our current

15

In reverse?

For the present, however, the big factor for the stock market Is the results the group will be announcing very shortly.

Herriman said that the only pointer I can give you

was tight-lipped: said Harriman quietly the today."

about them. But with out- But I am not put down 11 per cent last year, many and earnestly.

out of making a big n cal

It seems obvious that they are There are still too many un-

going

to be sharply in peverse. So what about BMC shares. which have dropped this year

increased

IR the first

it.

from 19s to around 128 607 Harriman smilled at that

of the wool textile in- ! dustry's "twenty" overseas certainties around, what with

the credit their

other markets had

squeeze and purchases

nine things, “ months of the year and trade

To some extent the anticipated with most of the others showed

Improvement

question. in this quarter's SIEDS

of improvement

volume is due to the success of! the Mini cars.

They are now coming off the at the rate of assembly lines

Before week

nex!

The report said "surprising development" has been the con- tinued success of Britain's wool

to the Common 4,000 cloth exports

Ger-

Market other than West

а

The eventual target is for 8,000

a week.

many which already was the Spring Harriman hopes to have the figure up to a weekly 4,750. mdustry's third largest market. The Central Employers Or- gavisation in the industry, the

So the present upturn may Wool Textle Delegation, said

not be so marked in cash terme in Bradford today that output

with a greater proportion of and employment in all major

BMC's output being in the small branches of the industry were

car range. well maintained In the first

But Harriman declared: three quarters of this year.

"Volume 15

of immeuse

to portance The credit squeeze here had

in especially in the maximam not upset employment

overseas selling. It helps Minimum buy-industry and skilled operatives keep prices down. T.T.,

*West 18-18/32 were still urgently needed.-

Germany produced UPI

first six cars in the

rates

Canadian Dollars selling 18-3/32. ing 18-11/32 O.D.

Yesterday's Closing

COMMODITY

FOREIGN

Closing rate :

Canada

England

official

NEW YORK

.98%

2.2154

2.8084

2.8024

30-days

20-days Others unchanged,

LONDON

Closing rates; New York Montreal Amsterdam Brussels Copenhagen. Frankfuri Lisbon Osib Foris Stockholm Milan Vienas Zurich

2,81 7/10-2.01 10/10 2.90 16/10-2.01 1/10 10.3416-10.74%

140.10-140.50

18.38%-19.357 1127-ITZTV"

20.20-80.30

10.0434-20.04% 13.8214-13.0256 14.54-34.55th 174034-1747% 12.00-72.71 12.175-1237

-UPI

METALS

NEW YORK

Closing prices all in cents per

Lead Dee, 9.30; Jan. 9.3.

9708

LONDON

Closing prices, all in sterling

perjong ton.

Ti

spot 182b, 9834; 3-month 909b,

Copper spot 229b, 2291%; 3-month 220b. 23914.

Lead Spot 684b. 38% 3-month 58b. 59745.

The Spot Bat, Obrat

89b, 05-UPI

RUBBER

NEW YORK

3-month

1,005,000

us

PRICES

COTTON

im-

to

"I can say no more than that we are confident about the long- term future," he told me as we walked to my car.

"We've

got be, haven't

we?"

to

New York cotton market

New York, Nov. 15. Relative firmness in nearby deliveries continued to dominate a mixed trade on cotton futures today.

the

In less active dealings, market closed 12 higher to 7 points lower. Opening prices were up to off 1 point. New Orleans closed up 12 to off 7 points.

Commission house buying, joined with short covering end trade demand in keeping pur- plus offerings in old crop months out of the ring.

The New York cotton ex- change service bureau today estimated domestic consumption of all raw cotton In October 740,000 bales, up substantially

NEW YORK Closing prices all in cents from the 887,000 bales reported

[last year.

Mar:

per lb;

pot: 35.es noin: Dec: 34.51; 30 25; May: 35.05; July: 35.30: Oct: 34.10 Dec: 34.15; Mar: 34.30.

NEW ORLEANS

1b:

Closing prices all th cents per

Spot: 33.15; Deu: 14.61: Mar: 18.30 Mey: 25.15: July: 35.40: Det:

Rubber futures closing prices, Dec: 34.20: Mar: 34.40

all in cents per lb.

: Nov, 27.50; Jan. 27.00, Standard Nov 7.40; Jan 27:35: Mar. 24.20 DEGY, 27:15) July, 27.15: Sept, 2716-Nov-21215.

LONDON

Closing prices all in pence per Ib.;

No. 1 Ras pot sak-

wttioment house term.

Jky/Sapt 25%-28329

1-3; Jan/

General àarket dif. basis, porta: Novi er mit Dec, 22-2322, Indi drept thin Nov 20348 hick- Nov 20%. AMSTERDAM

LIVERPOOL Closing prices ali in

per 16:

Daily average use in October at $7,000 bales compared with 83,900 bales in September and 33.300 bales last year.

Consumption for the first 13 weeks of the 1961-62. crop sea- so aproximate 2,278,000 bales against 2,152,009 bales last sea- pence Bo

indicated. the report ¡UPI.

American Contract Dec: 23.85; Mar: 10.20; May: 20.30: July 24.00. Dot: 2007; Dec 21.00. Mixed Contract

Dec: 2420; Mar: 24.95; May: 20.00; July 25.73: Det: 23.00; Doc: 20.00.

SUGAR

UPI.

Closing prices all in guilders

NEW YORK per kilogram, nif. Depth

No. 1 rubber & be rubber

Closing prices," uil in conta rubber 2.02 buyers! Naj

rubber per lb.: 2.00 buyers; No. 1 crepe *.30 buyers.

UPI.

WOOLTOPS Bet

NEW YORK Closing prices, nii in cents per

Zinc. Dev. 10.30 Jan. 10.40.

Dee 101.3-163.0; Mar 150.6-2007: Capper Dou. 29.33: Jatt, 29.83: Mar.

May 117.0-10.5 July 107.0-100.1: 29:217 MAYBE? JOY B9:29; "Ost: | Capt. 100.0×1987) Spot 1000 - nom.

PUPI

Contract No. 8. (world) Mar Mar Midway as

1573.97 Speed World

Opet inferenz 1203 postweta. #Construed Key" (demesilo) Buge={(Bulk) "dar poki:

lotai galeti 48. qotalraoke, saj nat Open Interest), 3,000 contracts.

TIN HOLDS

STEADY

London, Nov.

The tin market was very steady today. Copper allowed a much steadier appearance today with cash Anishing the epsion 14 points higher!"

Lead and zinc were barely steady

In New York, copper Catures today closed 7 to 10 points higher with sales of 175 ton-

Profit-taking whittled part of early moderato quina chinliked VAD

politicni mitumtion les diaw Camaro

•

+