THE CHINA MAIL, MONDAY, NOVEMBER 20, 1961.
Weekly survey of American business U.S. ECONOMY IMPROVES
Big gains in November
industrial output
New York, Nov. 19. Industrial output for November in the United States has so for scored sizeable gains and the performance was taken this past week as an indication that the economy is emerging from the summer and early autumn condition of hesitancy.
The resumption of "mnbamfor
ed cartonien dan was the mos significant maurie Fast food Thane
e de lane
ابر می بارد
. קו 1
The charts pubication
at an appropriate tin:
Inernational Brayde Cob ftrives the United States
for frves.
Destrierf the indietriel 1 Maling
index for Septemdes males 专线
ad industry ngel
res Mala 1 tla
its intim problemas
Tue October
madex
Teaching was 13 with the 1957 average takes
Lase of 500)
Tat
י|
tarif Dotive.pered trude and units. trial ploughion gains in Mekie consumiy of nations That would measure up to 5 pra avataver the next decade
Concern
111 Fuel strike lis
Art, Preside this win ne upa xperseal
clesdir
The
the ple
Novembert I.. X ! .. reading
Show further resination 2 lik pro chichival chart
h
However to muy ernennsts. the progress was disappointiny
low
The
איד
industry
1
only just shove the 1959-60 pre mesitat i vels
23iz. de med 25 mánare tiga tu ve expectant
fie al twi and-
anna
kwaad
ccarenti
V
401 10hrulards Mar
Kennedy
marthpety meal problem od at
Amerima between the age of au! 1, who and already oct
it of st boril and The unfitustres and mindkereg taarte eviete and avan
traun.
of jobs as work
SO
While Dis n.as well be classert a social rather than an verbod poder, anel while is sadition d-a-half yn cent which many
wai have to conade You les atha-
mdita"antial rather
Smallest gain
In this curaclaran an interest ing chart
Vi
this week la The Wall Steved Journal it compared the crive
of industrial pratariant of live mattone. Japa
France. Britain and the U
It served a timel
that since 1953, whelo
Saken
a base of 100. atp. ll Septens ter 1961, the US industrial out put gain was on 23 per
that of the United Kington and France 34 per cent. German 85 per cent, whate Japan scorett whopping 230 per cent
P.O
T
Jevri depressing
1!
t
tackled
than
a feel a
+3
the
JIEN
any i whole Then:
SAPT intrations
That part of the industrial gains Mates and next spring will
be artmetal The aim wall
T..
To lay away
as much steel
possible as a herige against a
Strike
זיייין
on the industry next sum
industry
1:1
Both
labour as if thar strike Speak
were ilable and both have cailed!
2
J
CLOUDRINHOOrs, particularly Alokeramu al. To start bubling
teed stockpile
steel
1
industav predicts bat such inventors.
ORIENT
built ups
LINES
s.s. ORONSAY
Sailing from HONG KONG for SYDNEY via MANILA
thence to UNITED KINGDOM via SUEZ
EMBARKATION: The ship will be berthol at NO. 5 PIER, Kowloon Wharf, entrance at NO. 6 GATE, Navy Street, off Canton Road.
should embark Passengers between 6 p.m. and 7 p.m. on Wednes- day 22nd November, 1961.
SAILS:
BAGGAGE:
The ship is expected to sail al Midnight, Wednesday, 22nd Novem- ber, 1961.
|
Coming on top of the steady gen- oral stekup in business may ac- main for a steel output increase of between 15 and 20 per cent | Shetly after the Ars of the
cut
steri industry In thr second half of this year has been boiling to a steady 70 per Tent of Caparity production level.
Aleanwhile the imbalance be- tween imports and exports was :hil considerable
Dunmerce Department Agures Showed U.S. steel exports were Iba,
tons
in
1
DULL START TO WEEK'S TRADING
Share prices continued to drift on the Hongkong Stock Exchange
this morning and most counters showed losses.
America
can't take
a casual
approach
mon
Madison, Nov. 19. September Mr Walter W. Heller, Chair- url 150,000 in August Ini
of the President's potis
268,000 tons. were
Council of Economic Ad- visers, said today the U.S. cannot afford
"a digni. fied stroll up the path of economic growth."
September
against 307 02 in August. Both imports and ex ports so far this year were be how last year's levels
For the first nine months 1961 imports totalled 2.200.090 ton down from 2,800,non tons in the same perlod last year
xrts in the same period f The year totalled 1.400,000 Vors
In the against 2.400,000 parable period last year. -UJ
com-
MORE RISES
EXPECTED
NEXT WEEK
NEW YORK
The stock market scored a moderate gain on heavy trading this last week →→→ even though it closed well below
Wednesday's all-
Taxi
Mr Heller said this to the third in ૧
gerics of White House Regional ConfereTICES.
Mr Heller said the economy cannot advance at a leisurely rate in a world where friend and
alike are springing ... w.gut take
Po creat and maintain an A lean sietety
station- Ay VCONCITY
CUN might be evable but it would surely be difficult," he said
REFLECTION
Much of what is best in the for vuran character is a reflec- through of growth, firat external frædiken its The mal pashed west, A BOW through the ital frontier
of expanding educational, 4:05 cupational „Hi Cronopna deandfy," he wid
Ma
Jarwan stud
it
971111111
1:4
living, meet the nerds Fe services of a rapidly expan hing population, and to feet the challenge
Freckled in Im work.
18Jandy
1:] od poverty
ודי}
time peak in the popular American sea of prosperity stil
exist: growth will of existence,"
indicators. Foundations for the rise were
week earlier when TPL. teclaural conditions Improve bertness news began to brighten augael, utad General Motors ex- DEMON # confidence in the
with a sumpoke een! extra dividend.
This touched off an extetunet
which PRIN
Wak
Trevarand unbl this past Wednesday when prait-inking decided to cash
some of them susiden paper Pirata Similar pressure in thr last two sessions, coupled wall.
al new buying invest. forced the markel uute a sitgen retrenchmen
for them!
said 13
TEXTILE
REVIEW
Turnover WDS a quiet $1.3 million.
Practically
showed
Losses
on
the entire list
Friday'
closing rates.
A. S. Watson held steady at $56% after dropping 50 cents earlier in the morning.
TRAMS LOWER
Trams, which edged up frac- tionally during
the morning,
were 80 cents lower than Fri- day's closing price.
Banks edged down $2 to $382, while HK and FE invest closed 20 cents lower at $20.80.
Wharf sold this
morning $350 compared with a seller
of $358 on Friday. Wheelock held steady on their one and only sale of $12.60.
Ducks were another to huld rats, while Talker. Friday's edged down fractionally
Provident sellers asking $30 on Friday edged down 50 cents and more to make sales this morning.
CONTRAST
who were
Bands also showed aslight loss, while Realty closed steady on a single sale in marked con- trast the heavy dealings of last werk
Kowloon Motor Bus, in the fly section, drupped a dollar, as du Yazmalis, while Lights, Phees and Electrics eased 5
Busiest
week in
months
LONDON
Stocks worked higher over the market's busiest woek for several months but profit-taking Friday skimmed some of the rises in brisk two-way trading.
תם
A mir!-week beast was of the sparked by Chanceller Exchequer Mr Selwyn Lloyd's
narks al *
luncheon elly Which
same interpreted B5 8
thad broad hint
at least scamme relaxations in the home-froul credit squeeze are not too far distant. Optimism on this score over-came the flow of disap- Gas was ten
company newe and higher, potoling Gmans steady. Ewo off 10 cents, buyers lock the upper hand. and Cements steady
Financial Times index The Duiries
added 57 points on the work cents lower pt $374
to close 01 305 4 against the It was thus a dull and sub- ced stort to the week's trading.
year's low of 2847 and the high of 365 7. On Friday the index hurt 14 points.
conis
were
cents
twenty-five
HO NGKONG
This morning's quotations and prices were:-
1360 2062 Elect 10364
11.38%
NOW FISH ARE
FROZEN AT SEA
London, Nov. 19. Believing that the future of the distant-water fishing in- dustry lies in freezing the catch at sea, British scien- tists are encouraging trawler owners to experiment with new quick freezing techniques.
One development pioneered by staffs at the Torry Research: Station, Aberdeen and at the Humber Laboratory, Hull, is a vertical plate freezer which can be operated by the normal trawler crew.
Freezing at sea gives three major advantages. All the cale can be landed in an edible con- dition, the trawler
сап stay longer on the fishing ground 31 fishing is poor and return will; #fuller load, and 11 requirest. the frozen part of the catch mun be kept in cold store at times and re- Surplus
scarcity.
types
of temporary
of
leased times of
st There
are several fishing vessel in which freezing techniques can be applied.
Cmp is the factory mother
ship, tu which trowiers
transfer their for filleting
catches
SYNTHETIC
CHAMOIS
BETTER
THAN THE
ORIGINAL
London, Nov. 19.
freezing. Another is a factory An eight-year-long search to
trawler which filets and freezes
its own catch.
discover
a successful method of processing cor- ton and synthetic rubber produce quality synthetic chamois ended in Britain recently.
to
111
The hund is D freezer truwler on which the catch frocen
} whole fish and. when thawed, can be used the same way as fresh Bah. It can, for example, be smoked u served as steaks.
Lime for four inch
!
a
A
And the two Englishrhen, one NO WRAPPERS
whom is a textile expert, who carried
the oui
exhaustive The vertical plate freezer re-
in their research work
spare guises neither
nor wrappers
time have now launched a com- Irays. 11 incorporales novable pany in Manchester to produce plates and produces parallel and market the material-a! a sided blocks of fish. The freezing quarter of the price of skin blocks to chamois and having a far longer minus five degrees Fahrenhe life plus additional qualities (-15 degrees C) in the centre is, which, they claim. make it about four hours.
¡ superior produce for any clean- Some trawler owners are in- ing job. vestigating the use
of the ver itical plate freezer to freeze the first part of the catch only say the first 100 tons. One freezing Lawler, The Lord Nelson, freezes a large part of its catch. It was laundied last year and is now on its third trip.
Mest industrial groups shared the rises and breweries starred on good beer output figurës so fur this year. Steels encoub - bered selling Hard were regularly lower while engineer- electricals and ing equities. motors berided higher,
failed
Barak
14
220039
HK PE
20 387
In b20.40
Phones
GNS
Cill
500 381.
b44 46 25 44
62) 521 60
400 or 21
4000 4 20
7000 7 4.30
1212
4000 4.275
175 12.50
Ewu
300 2435
1500 12 647
Ceri
b67
Dork 124 125
800 67
instead of any that emerged,
1000 124
Dairy
Wharf
Whuck
GOU IN 21.10 AMS 20.99 500 a 20.20
50 @ 350
300 124
Taikoo b69 701
b4275 94.30
After a short period of full- scale production the .pew Good material has the British Housekeeping Institute gureu- tee-this body sets a particular- ly high standard for the goods it supports and already 75 The Department of Scientific being sold by the thousand in leading stores throughout and industrial Research stations: Britain.
NO GLOOM The October foreign trade to depress the Agures movement, underlying the mar- kel
aside to brush Lundency
and gloomy news
Lake beed bullish points such as Mr Selwyn Lloyd's hope of expand-They
at Aberdeen and Hull are du cerned with study of
all!
methods of handling, processing,
EXPORTS
slarinig attd distributing fish. Through Nuaf, the British
Wasoning world trade aided by the collaboration with the industry, sation. It has gone to many
1000
U.S. recovery.
100 56%
by South Gold mines, aided Text 08 10 6,20
51213 African reserves figures, mark- 16 15 ed up small gains each day until
400 701
Prov
200 70% 1:29.80 30 50) 30 500 28.90
Namy
300 30
A Rus Rub
1500 120.90
Trust 8.45
.70
Java €136
845
b72' 873
Const b17 6
2007:
120 73
Land
New York, Nov. 19. Cotton grey goods sellers re-
ported a quickening buyer K H11 1424, 843 interest this past week after a fortnight of hesita- tion and uncertainty. New inquiries covered a wider range
both upparel-type fabrics
گردم
and heavyweight
300 72%
Local PP. 5303 Healy 12 175 82.20
5000 2.20
RALLY AHEAD Nevertheless, profession were confident that the market would rise
next werk again Some even ventured to suggest dusul geds, wanted for spot.
Bearly and fest quarter de- K. that the bulk of the year-end livers traditiona! raily ray still ac business condittanys. ahead
Should be sent to the Hong Kong & Kowloon Wharf Co.'s Godown NO. 2 GATE, Canton Road, between 8 a.m. and 5 pm on Tuesday, 21st Novem ber, or between 8 a.m. and I p.m. on Wednesday, 22nd November, 1961. Passengers should only take light pally in the steel and auto
6
hand baggage that they can carry themselves for entering at NO. GATE on embarkation.
SUBJECT TO CHANGE
Agents:
MACKINNON, MACKENZIE & CO.
OF HONG KONG LTD.
F. & O. Building, H.K.
The
+
Telephone: 35211/9.
H.K. Anti-Tuberculosis Association
FLAG DAY
Saturday, 25th November, 1961
(7 am, to 12 noon)
PLEASE GIVE GENEROUSLY
:f
industries, provenien Many
show decisive
-
n coming weeks. analysts
emphasised movements
that current price represent an
business prospects, rather momentary considerations.
Retail trade volume continued
The stock
market rise
in
(NJ
52 05 Tran 638.
500 x 40 350 401 Bus 673 875
450 (73
to a
a
10 boom and hopes ran high
Christmas for record
buying Eivetronics
in and out were of favour, stili subject
to x- loss selling which in some cases cancelled out of the effects of good business news.
new all-time peak joined with more favourable comments from the retail trade, and expecta- tions for a broadening demand for goods under the defence all combined to programme appraisal of 1962
shape market sentiment Thani
Sustained firmness in the spot +AKIN despite the cotton
futures to drop in recent nine-months low, and the fact that the new erup harvesting season IS al its peak, were other background influences.
The retail picture highlighted trade survey
suggesting that two out of three retailers are looking for a solid upturn in sales in the next few months, through with the rise extending thre the first half of next year.
Silver stocks were firm and active. Long depressed o stocks again showed signs of Steels, motors and chemi- life. cals moved in fils and starts. Arashing ragged.--UP!.
NEW YORK
COTTON REVIEW
New York, Nov. 19. Cotton futures this past week became more of a two-sided affair on the New York Cofton Ex-1 change. While nearby deliveries. galord
of stability measure after the recent fail to a nine- months low, new crop months settfed back to the lowest levels of the season.
Consumers will come into the
lores in greater numbers dur- ing and after the holiday sea- son
and in a mood to spend, the survey suggested.
The wider rarige of Inquiries this past week involved a large number of print cloth yarn con- structions, wide und sheetings, osnaburgs twills, drills i and duck etqth fabrics--UPI,
narrow
Exchange rates
Eualness
was done in the local trometal
marke! thla exchunge morning at the following rates
Argentine pest (per 100! Korean hwan (per 100 ionics per 2009 Chinese JMP (per 1) Talwan yuan (per 100)
100 76
10 75 YU
118 €120 200 116 Light b39%
40
200 at 4044
1000 40
!
300 .40
3800 39
1000 3994
Emp Sinc Amy
P Tram
ty Hu
Hump
Ferry
A
b12
615
400 or 30
626.80 926.10 500 kr 23.BO
1216 5222į 100 220 Nay b2.96 3 19
Mines
10000 3.05
Underw
4000 inic
1. Craw
Int'l 1280 13.
བརྔོ4 630
Metal 1 b2.375 sty
S. Gae 60c
Int'l F b20c
800 3927 Sh and ba
both work in elose services official canteen organi
which has adapted many of overseas countries and now the their recommendations.
Humber
two-man team who founded the
!
Over the past nine years, the company have turned their eyes
to the export market giving ground on Friday Cop-werk of the
Labora- pers moved narrowly and ended tory has expanded and A Bew with little change. Tins met de wing was added recently mand and forged ahead.
con
taining additional Laboratories. The foreign bonds market was LPS. slack
but Greeks managed to add fractions while Japanese as- sented were sometimes a shado lower where changed-UPI.
UNIT TRUSTS
First Hongkong Fund Buyer Prices $1.16 Seller Prices $1.23. Second Hongkong Fund ex. div. Buyer Prices $0.91 Seller Prices $0.97.
COMMODITY PRICES
FOREIGN EXCHANGE
NEW YORK
Closing rates?,
Canada 96-21/32: England 28155; 90-days, 2.7980; Austraila 3.2625, New Zealand 2.2035 --UPL
LONDON
Closing rates:
COTTON
NEW YORK
Closing rates, all ta cents per ib:
33,60, Dec 34.31; Mar 35.05; May 35.3 July 35.02; Oct 33.70. Der 33.78: Mar 34.02 May 34.03 UPP
NEW ORLEANS
New zark 2.87-7/76-2.81-3/16; Closing rates, all in cents por in. Montreal 291-291%; Amsterdam Spot 33.16; Dice 24.41; Mar 25.25; 10.13%-10.14: Brussels 140,00- | May 35.48; July 35:20: Oct 33.73; 140.126; Copenhagen 19.294-1039%; | Dee 33.83: Mar 307; May 34.00.-
112)-11 2701 ** LAGON") UPI. Frankfurt 09.18-30.28: Milan 1746147 Co 30.04-20.043 Parts 1812-13 82TT Stockholm 14.5414-14.68;
Vienti 22.67-12.30. Zurich_12.17%-12.1734— UP1,
SUGAR
NEW YORK,
Closing rate, ali in conta per lb: World No. 1: Mar, 2,45; May-9431 July 4 Sept 2.52; Dee 8.3.
Total Balen: five contractsN, "**
LIVERPOOL Closing rates, all in pence per Ih Americost-Contract
-Dec-23.85:
July 25.35
Mar 24.05; May 25.20; Ool 24.60 Dec 24.00.
Mixed Contract: Des 24.59 May 25,00; Julź 25.15; 25.00; Dee $3.00. --UPI.
FC-
US deltors (per Sterling notes (por £1 Australian noles (per £11 Japanese yen, per 100 Cambodia riel (per 100) French now frame iper 3
5.400
16.77
12.52
1.40
1.00
1.12
1.12
Brazdin eruzeiro fjice LOU)
1.00
$.20
4.00
0.05
(1.43
1.23
20.60
6.43
July 230 Beps 2.071 Det. $1,032..
7.23
"Total" "dzes" two contracts.
0.900
Sput 2,45,
17
7.70
199
Donwlie No. 11. dan dzuj
ben. Interest:; 800 Contractu;
1.80
14.
"Total dawas: 37 cóntinita.
Spai 0,51.
140
At Friday's close the Ust ruled eight points higher to 55 points down lower, or off 40 cents to $2.75 a bale compared with the preceding werk,
While the nearby deliveries | Thai baht (per 100)
flurmese kyat (per 10h) met resistance on the upturna, Pakistan rupee (per 101 reflecting overhanging Decent Mean pulded her 1}
Norwegian krone per
10)
ber liquidation before first notice pins pesu fuel 1) day on Friday, that action the lit nevertheless borrowed
of
Singapore Straits (per li Bwiss franc (per, 1
underlying stability from the spot marketR.--UPI.
Netherlands Aulder (per 15
West German U-Mark (per 1) Quba pem (par 1) munduar 9.99
Spot 2,40.
Open Interest: 243 Bontrols,
World No, 6: Mar 24; May 2.40:
Open Ifferent: 1181 conizuoti -- UPI.
RUBBER
NEW YORK
Oct
Claying rates, all fent verib Man fulber: Nov: 37261 FREE RETO, standard rubDITIED 37.26: Mar
We May You $7.40; Sept NOV ZIMAUPINA
AMSTERDAM And ber - #IGUINGATTüfyen 201 buyIII NO. rooners buyers Her
A MACHINE
SELLS HOT
SANDWICHES
London, Nov. 19. Hot or cold sandwiches from
a vending machine. This is the latest addition to the large range of food machines now being pro- duced by a Birmingham
firm.
This
machine new
favoury sandwiches
stores
P
Tests have shown that it has very much longer life than that of a leather chamois
and
has many added advantages. It can be used with detergents fincluding even mild abrasives) and can be boiled withou!
the harm soft when
it remains quality
therefore crack;
cannot
and
readily sheds even greasy dirt never gets when washed; tt stimy or smells and actually Improves with use.
Having these qualities it can be used throughout the complete cleaning process cleaning, dry- ing and polishing-in, sny field from mirrors, windows, and silverware to
farm cars and tractors.
ADDED
Suys Mr J. E. Frais, one of "Artificial the two developers:
by wash leathers are not new any means, but one which 'bas all the properties of skin chamois had never been found. and We set about Anding one
អ such we eventually developed some-
bacon, ham, pork, beef or cheese
All are cellophane wrapped and thing which even stored in the upper helt of qualities
added.
and
id it can be
the machine which is kept at a produced and margeted at a lower pride. We took constant temperature of 42 de- much
Fahrenheit, giving grees
safe nearly eight years of spare time storage of food for up to five work and teals but it was worth days.
it?
in the
With orders paura sandwiches are In operation heated by an infra-red oven arm are rapidly expanding their which takes only 29 seconds to production resource
are heat and vend. A cold sand now interested in exporting and wich is obtained by simply we realise that Fenst
dountries pressing a button after selection has been made.
packs," said Mr Fra
The degree of heat applied to geared to be al and we pledge oils to the sandwich when it is in overseas buyers in avery
the oven, is governeit by o Variable
time pre-set by the possible." label operator. Sandwiches can be walm, hot, of even lightly toasted depending upon thy pre-setting.
BANK
OF ENGLAND
STATEMENT
London No.19.
This cabinet, which is 74 inchies High, 30 Inches wide and 30 inches deep, is finished In loved chatel with chromilam plated trim and fluminated display panels.
The Bank of England stato Divided door
Week ended for the enables operators to load the ment machlie without disturbing the November 18, reads as follows: mechanisms in the lower part. Notes to vireunion vig of the vendor
Pintle deport
11 will Hold 140 gudwiched governme thrbo-Aruf-a-half fächer by oiles à our cu and-a-quarter inchda" "maximum" r thickness=firs
No comments yet.
Private notes are available after approval.