1961-12-07 — Page 2

408801

THE CHINA MAIL, THURSDAY, DECEMBER 7, 1961.

Sale_of_planes sets landmark in

Sino-British trade

London, Dec. 6.

China's reported agreement to purchase some Viscount turbo- prop airliners has stimulated public interest here as a land- mark in Sino-British trading relations.

Communist China has not hitherto bought Western aircraft. Twin-piston-

engined Russian Ilyushins are the mainstay of her civil fleet.

J

miscellaneous

The Viscounty have farbristes, cotton yaths and weven

performance speedier higher ceiling than thesar

Hicular Sovie! alterafl

und fibres and other j-textile manufactures.

Brilon sende

Only a few Viscount, are res

involved in the current ported

negotiations with Peking.

bur

new

they would represent and "langubile" form of British

export to China.

Last you Bra Set Chine

goods worth $31.400 000

arct

re-exporta valued at £600,000 and saported from her goods worth £24,900,000

Comparatively small

'The

Hyatt export

hebben og Japan rounded to 5,27,700,000, win & HIY £1,400,0μ of re-exports.

Britain's imports from Japon totulle 22,100,000

These figures are. however, small when compared with Bri- fur tish two-way trade with, instance, the United States and The Commonwealth

گران

some

Countries

non-

piron and steel, and ferrous base metals

Other exports include certain to China 4 types of non-electrical machin- Vaturly of products, including Very, and various kinds of metal wool and animal hair, chemicals work machinery Heuter.

COMMODITY

FOREIGN EXCHANGE

NEW YORK

Closing rates:

Canada 85 15/16 England oliera 2 8125, England 30-days 2.8050 Eng. land-days 2.7945; Australia 2.25 18: New

others Zealand Bos changed

LONDON

Closing rates:

31ન

New York 2.811-281- Montreal

Brussels

Amsterdam 2 W 15/16-2.03 1716; 10 11 20.11%

138.92- 1997 Copenhagen 19.336-1933. Frankfurt

Liebon 11.24-11ADE: Oslo 20.01-2002; Paris Be 17-8027:

Stockholm 137-70

I 14.32 Mian 17444-17 Vienna 72.58-727: Zurich 12131

ia 1960 Britain's imports from the United States were valued at £567 million, her exports at £824 million and her re-exports at £17,200,000. UPI

Bellaln

And from Australia. Imported goods to the value of f

188,100.000, and exported pro- 1; ducts costing £260 million and re-experts worth £2,300,000.

Form

What kind of form

Sino-British

two-way

take"

SUGAR

NEW YORK

prices. aliceuls per Contract No. 8 (world) Mar: 2.55; : May 2.87, July 2.77; Sept 278. Oel: 2.98.

16

does the

Irade

gets

From China Britain foodstuffs, including cere; ls and cereal preparations. certain spices, tea, some cotton, "animal crude materials'

such

Spot Work Average) 2.05 Total Sales 2 contracts Open Interest 306 contracts Contract No 7 (domestic)

J 28 May 1939: July 021

$-Buk, duty pand) 0.31 Total Sales 31 contract. Onterest 1.118 contacta

-UP!

COTTON

NEW YORK

Clusia poes all in cents per Ib Spot 35.80 nom: Dec. 39.80; Mar 31.82: May 35.28 July 196: Det 23.86: Dec. 33.08: Mar. 34.25: May 34.37

NEW ORLEANS Closing prices all 12 cents per th Spot 33.18: Dec 33.00; Mar May 3.38. July 10,

NEW YORK

COTTON

New York, Dec. 6. Cotton was somewhat mixed today with current crop months receding slightly after early steadiness.

New crops displayed a steady undertone. Both New York and New Orleans closed 11 lover to four points higher

Commission houses furnished

when support early in the day Cotierings were light, Selling by southern interests, believed to be Thedging. brought · about some

reactions in nearer positions.

Unly one notice was issued and promptly stopped. Exports for the season to December 2 were reported by the exchange i at 1,710.396 bales compared with i 1.550,278 in the same period last year ---UPI

PRICES

23

Spot rubber unbated 764-77 Bianket crepe 741-75

No pale crede 86-87

LONDON

Closing prices all in pence per th No Res spot 23-23.

Settlement house terin Jan 23

Mar 23-29 Jan/Mar 23- 234, Apr/June 234-239 July Sep! 28-29%: Dev/Dec 2021-235, General markets, clif basts, ports Der: 22-11/16-227.. Jall. 22.-23 Eatrie creat thin Dec 257; thick Dest 20

AMSTERDAM prices all in guilders per Cloynak 34.92

kologon elf Dec. No rubber 33.80.

2 12 buy els No Z rubber 2 UB 3 rubber 2.65 buyers. buyee. No

crepe 2.0 buyers.--UPI

De 34,00 Mar. 34.30: May 3442.

LIVERPOOL

Closing prices all in pence per ib. American Costinact: Dec. 24.25: Mar. 24.75; May 20.26: July 25.40, Oct. 24.80; Der 24.80; Jan. 34.60.

Mixed Contreet: Dec. 2480; Mar. 25.12; May 25,68 July 250 Oct. 29.00: Dec. 2500; Jan. 25.00.

-UPI

RUBBER

NEW YORK

Rubber futures closing prices, all

: cents per ib

REX: Jan 27.36

Standard

Jon 27 75

Mar 27.40.

May 27.50 Italy 27.95. Sept

No

2140

Jan 17.35

SINGAPORE

Closing prices all in Straits cents

7:72-78

lbab Maloyan In

No 2 Dec 75-787% No. 3 Dec 741-769: No 4 Dec: 74-7494.

Ni

I

METALS

NEW YORK

Closing prices alf in cents per

Lead Dec 9.40 Jun 9,45 Enie Dec 10.82, Jan 10.08 Copper: Dec 29.80:

Jan 3000. Mar 30.17 May 30.32; June: 30:00. July 29.97 Sept 2000, Oct: 2784. Nuv. 29 90: Ja 29.84

LONDON

Closing prices, all in sterting per long ton:

7 Spot 951, 952+. 8-mon LE: 982 ABS

220b 229345. 3-

טitט

WORLD SHARE MY

Drop in profits WIDE MOVEMENT

spread gloom

Sharply lower profits from major companies hit steel shares yesterday and spread additional gloom through on already depressed market where buyers were rare.

LONDON

Falls dominated the ist und

even recently-bubbling brew- eries fell back on profit-taking. English Electric led electricals darwerwards and engineering stocks receded Stores declined

fur- and leading tobaccos took ther falls. Bunks and insurances shaded and real estate issues Just pennies.

Blue chips like Courtauld Dunlop, Imperial Chemical and Rolls Royce all dipped

Erratic

The mining markets bad H inixed appearance, golds rooving erratically after getting initial help from the 1/2 per cent cut In South Africa's bank Tins were irregular and coppers drifted.

THE BALTIC

EXCHANGE

London, Dec. 6.

AMONG BLUE CHIPS

Wide movement among the blue chips was the feature

of a mixed and moderate stock market yesterday.

CARLIT

Edison

Cons Edison

Cant Can

Coat Ou

Corn Glas

Crane Co

Cul: ATI

Dayen Corp Deere Co

De

Sugar

Huds

IN A

Norfold W 10376

481 North, Am

Av

47% Northwes 591 Okia Gas

49 On Math

OMSE

58% Owen

36

24

Oxford Pap 38%

189, Puolile Gas 1054 161 Pac & T 201 51 Ponam Air 17% Paramount 64

Ham Cor]] 52

Dow-Jones Industrials Index Crown Ze donis hel R inte lower but Standard and Poor's 500 stocks showed a moderate gain. aided by strength in: most finance shares, rubbers and secondary ils Tracing ran several hundired thousani shares below the previous day's figure

Du Pont Just more dollar ufter Its president testified it has not found a way

than

Grain shipments continued to sell its vast General Motors from the American coast soldings without disrupting the GM for its part beld somewhat smaller market.

about a dollar gain after report- scole with Pacific rates ing record November car and

trick sales. slightly weaker.

on o

A laniter was wire for the movement of gra

from the Gulf to Antwerp -Rotterdam or unchanged Amster:Bam ad the rae

rise of 84.25, and an American fing lunker accepted $17.55 for grain front the Gulf to Karachi Suvleans meal was fixed from The Galf to France at $7.75 for Is verbien-Jonary loading

Oils declined led by Shell and Dutch British petroleum est a small fraction

Rubbers and general malaise.

Cens share! the

Gil-edged came under sellinat pressure and showed widespreatt losses up to 174 sterling.--}}]}

Closing prices

GOVT SRCS

2. Con

3. Cur

34 Su

6.5/65

60,70

TOBACEO

3. BAT

Carreran

DI

Imps

-17/32 MOTORS

79 BMC

14/7

11-1/10 Hawk Sal 20/47

93 Jaguar 129/4

511 R Royer

BONDS TEXTILES

Bradford

On the Pacific Cost, char- tekens Lanaged tu secure tanage for whwal to the east coast of India at the threefarnev lower rate of 57.3 Loading A will take place in January Davy garan いなだよるけ was also fixed trom this area to Kolaci * $8

in the east, Chinese charter fixed

Faberty મ

with type generals to Cubs at 53. Jaz January loading

45/0

65/75

4 VW

314% We

BEAS

By Australia

90

11/M Cont

9076 Courtaulds 26/4, Fine Spin 20/ Lates

1977/87 89 Calicu

D. Dawes

5 Jap. Ass 1624

BANKS &

INSURANCE Bazel

46/10.

Culi BREWERIES

62/8 92/- Distil 17 Genes

في أن الراقية

Recovered

Dullers

15'

Parke D 34 Pentsalt

14

43 Penny, JC 64

Chrus Air 38% Pepel-Cola 604xd

Dow Chem

空い

Phier, Chas fa

Dresser Dupant

27 Philo

25-41

23712

Phili

11.8

Drquesse

$14 Palers

76%

E. Kodak

at Arl

24

Mines B 010

110

Pittsburgh 6311

El Paso

267

Proctor am 90

Fairchile Femi Fin

38)

6.

Ferro

Emerson E1

Publicher #21

Pullman 881

Pure Ou

Fibre Corp

Autrol Firestone Ford

841

Gan Dynum 25 Rexa

Gen E

לל

1 .

291

Radi C

30 Fudio P

24

Raythean

47

Repub St

116

Revi

78% Reynolda Met

Gen Foods

Tab

Girn Instru

287

Rheem

Gen Motues

56%

Ay Butch

Gen Pub U 37

Safeway

63

Gen T&E 25 Swer: Tyre

S1 Regis

9' AN

Schenley

21%

Scott Paper 1975

Odden to 45 Goodrich

Sears Roc

701

Shett

Gundyen

$4

y Gan

Bheraton C

Grumen Air

Ser

Cultu

Staclate

I

Woolworth tumbled white Sears Roebuck gained $21⁄2 in stores. General Electric the recovered over 2 Praeter and Gambir

and

Harvester fell, Gelo O more than $ United ATE- craft and Kodak countered with dollar-sized gabs.

30.

Steels were stack with US. Steel and Løkens down a unllar Other motors and chemicals were narrow.

Today's volume was 4,200,000 shares

or

a 10 1,302 shares trastuti, 506 were higher and 556 lowerr

American Exchange vuiume

was 1,380,000 shares.

Bonds volume

30 Industrials, 790 09.

40 Bonds, 84 22.

Comm future price ondex.

The tiny charter section was quieter, the only bucking being for the Vergmont 110,030 tons. day for a voyage from Rangoon · 150 55.

Karstu or Chittagong via South Afrien at 197-

Chan Bk Guardian HK Bark

30/7

My

Ind Coupe

4/0

Lloyds

89/3 Watney

105/-

Lothbard

12/1

STORES

Nat & Grind

32/8

Gussies

5/6

Prud "A"

2644

Gussies A 502

Ryl B fan

28

House Fraser 397-

Re

48,'10

Lys A

OIL

Bf Spen A HẠ

Proper man 2010 220745.

Spu

60s. 12224 #1 611p

Zine Spot 2013 7065. 3-munth 7156 159 P

1

33

Tale Lyle

79/4

48/-

No. 11 India,

Beat:

3-monu

Sheli Tts

318 113/B My Duten 12-1/16 Ultrasw 23/10

d Ding

Woute

worth

MS'LANEOUS

52/11

STEELS

B'maker

13/6

ENGINEERING

Brt Co1~

Bab Wi

20/0

Shop

22/1

Colville,

4873

CPN

433

D LOUR

G Krei

25/8

Chaunet

24/B

71/4

City Lun

78/0

H Wor

1379%

Cunard S

13/%

Stew Lydn

38/8

Forestal

Tim

8/10

Summers

42/3

Furness

25+/-

The inv

50/9

HK Gue

Und Steel 39/12

Huston R

Vickers

ELECTRIC

Ass Fler

Axs Tel

20/9 P & O

MINER

25/6 Indo-China

Land Sec

23/ 4-3/16 1679 32/4

Fixtures

Patie

Tage

Cheat N

| Henni Org 377,

Below

11 Mot

Link Belt

Lily Tulle

Smith.

KAF

7134

South PR 281a í

683

Deyd New 192,

Sh

321

Himestake

514

South Co

Kussme

17

Seth NG

Idaho Power 37

South Pact

Ingerso

86

South Ra

Inland SIE

48

Sperry Rand 23

Intercbe

17

Square I 49

IBM

561

Stand Brads

Int Harv

51% Standard Oil

Bands

emounted en

Ini! Nickel

83

realf!

$7,400,000.

,400,00

Lill Pape

(Ind

3

54x0 50

Dow-Jones Closing Averages:

Int & T 59%

NJ! Jones Laugh 73% Ster Drug Kaiser Alun: 31% Stokely

$9

BI

30

20 Rails, 145.4)

Kennecoti 80% $1 ne Webst T

Kern Land

2001

Studebaker

11

15 Uities, 134.37.

Kimberly-Cl

Sunshine

13

65 Stocks, 248 37.

KVP Paper

384

Swift Cu

43

Ligeti

130

Tenn Gax

471

Texaco

AR

Texas Instr 1081

Lition Ind

1AR

Thtokol

Lockheed

$7.

Tidewater

201

Lone Star LoMillard Lowenstei

23

30th Fox

05.0

Un Carb

121

142, Union O

68

Mallory

53

Un Pacifc

361%

SU

Bendix

81

03

Mays J

W

Ben Fi

34

MoDermott

41

1:2

Benguet

14

McDon All 389 Ulg Gas

3746

Beth S1

12

McGraw 11 354%

US Gypsum 103

Blaw KnoN

33

Merck

19. Boeing

48

MGM

$99 US Smelt

ae US Rubber

55AM

5፤

2044

Mon Mi

73

241

Mission

US SU PI

An All

зна

Un Match

29:

Am Brake

An: Cya

Am E Pow 4

Am & Fore 0

Can Brew

Pack Cam Soup

13

123

Monsanto

54

Am Mari:

CPR

*

Mont Ward

39

587-.

Am Metal An N Go Am Photo Am Smelt

Cartier

Motorola

30

52

Сана Сто

1

Net Big

93

34

Caterpilla

173

Nat Carh

137

的

347

ADA

7 134

100%

21

Chrysler

49

City Financ

74

CelancHP

38 Ceneo Instr

Chesapeake

LO

35

Nat Dairy

761

04,

Net Disti

Nel Lead

دة

Nat Steel

Closing prices

Act Inds

All Chem

All Mills

AN Chai

Montecatini

19 60

CHARLOTTE

SALE

HORSTMANN

FIRST FLOOR, PENINSULA HOTEL, KOWLOON

DECEMBER 9TH-10TH 9:30 a.m.-6:00

FURNITURE

LAMPS

PICTURES

BRASSWARE

PEWTERWARE

FABRICS

p.m.

Eng Liec

cat:

Cons Zinc De Beers Loo Tin

23/ Brit Tin Phipps 6-27,32 Reditusion 477- INDUSTRIALS ABS Cen 53/4

Mi Inu

Boardman 2/10 Petaling

10 east cousi Timos (ur kul)

10,000 as, 3 per cent, wheat in bulk,

487-January 15, 57/3, with 1,000

discharge tree.

Daire-Shanghai

Cuba, vessel. 9,500 tons $75,000 bale, generals January,

the and showed, at 21 da purposes

Air Red Alders inc

Alvin Lid

44

26 Borden

Botan

Alum Co Jun 80

charter: Vergnont Am Sugar,

inute), 10.030 tons dw 499,000 bale, 10:10 knots on eight mine tons diesel plus three tons Lunker C. voyage across, de-

Капцени, 28/3

December 4,

divery re-delivery Karuchi or Chil

port or ports South Africa, 19/- ---UPI.

via

Am Tob Ampex

Anaconda Armico Armou!

Baldwin-Lim

Balt Ohio Bath Iron Beechnut

20 Burroughs 477%

Chuett Pea

49% Cuca Cola

Colgate

Mission Dev Mesabi

48. NY Central

997

198

殉じゅ

15 Columb Carb 88

56

Colwąb Pin

Cum Engin

Comum redu 54/7

Slightly easier on

3/6

Bert las

58/9 Angle us

EMI

23/ Brit Sib As

42/3 Corp 143/1

tagong

397-

17/8

ᏎᏫ ..

J40/41⁄2

5476

979

15/1 Hand Sel

45/7

71/0 Hood Angly-

27/101z 118

541/3

209 Blu Tanto

*3/6

4/71%

60/

147/3

51/10/2

129/+'

23/-

Borax

Der

Dunlop

FIMG

Chinun 4/ Roun Ant

It Comp 18/-

Wiggins

Union C

Turn New 58/1 Welkom Unilever 42/6 West

46/8 Band

West 27,3

Hold 55/10 5 Mal

HCDBER &

CHEMICALS

Boots

ICE

Monsanto 15/0 CINEMAS TV

TEAS

Also Pix 25/6

Angle Indo

Stoll

8-

PAPER

Edwater

Spacers

17/

Ceylon Tea 15/6 Imp Tea 99/9 KL. Kepong 2/89, 31/6 Lambyk 45/ 37/6

-Reuter

CRUZEIRO FALLS

improved volume

The market eased a little in most sections this

1 Upionn

1435

3134 Walker, K

31 Walworth

31

7%

Warner Bros 264

80% Warner-1

Waukesha

Went Un

Westghe Air 2

273 Westgh Ri

91% Wi-D

$70 Woolworth

18% Zenith

-UPI

New York

sugar

New York. Dec. 6. World No 9 sugar futures closed unchanged to typ points higher with sales of 9 contracti.

World No. 8 sugar fyttres closed wchanged to four points higher with siles of two ¤ trapts.

Domestic No. 9 sugar futures

morning, but activity improved over yester: closed two points higher to wa

day.

Following yesterday's pal-

tern, Docks remained ibe exception by closing at $167, s rise of $8.

Bauks. Arm for the past few

1ost $2 at 8356. Wheelocks lost 10

HONGKONG

points tower with salds of bi contracts.

London was reported quiet with additional offerings of low priced French and Põlish beef

raws.

This morning's quotations and

No reñiper buying ni domes= prices were:

tie taws developed here, Early 1962 arrivals remained bait- 5354 56 Ligh bagus, deliveredUPI,

*ble 24 6.95 cents per pound

Bio de Janeiro, Dec. 4. The Brazilian cruzeiro

cents # plummeted to a record $12.30. low of 405 19 US$1 in but Electries

Lights declined 25 cepts at $40 | Bank midday trading o the $38.

$128.

stayed steady at

20 356

#20 200

10008 Elec

free exchange market to Another share tv remain day. It opened at 365 steady was Yaumati, closing at

Lon Reg 6282 sou Telephone yesterday.

Although prices were Trac-BE. The reason for perhaps the unally ou ka mos! shares. Ask 1024 sharpest 24-hour plumes in the volume of business reached A. Inv history of the cruzeiro apparent $2,570,000 this

HKFE Inv Wheelock

ly was a bill halfway

through

morning, cam- Congress that would drastically Pared with $1,809,000 yesterday.

restrict Brazillans and foreigners with legal residence here from keeping

geuk deposits 確 Anayefal holdinge wbload —AP.

AMERICAN

STOCKS 6.

$30

62340

INI

Gar

b20.30 $20%

200

2012

300 qr 20

2009 29.40

G# #420 #075

Jardines

04.20

68 875

Cement Dolly Farm

1000 a 38.5

Metal market

London, Dec. §. Although copper was fraded at slightly lower levels

this morning, MEDIDATIVE

van with yesterday f maop, the undertosie: re: mained

marked high,

The He market was Hendy) Lead and zine were postedK 10.85 10083.

Wayron b$714 "Narving $12!?," A. Rubber

b4.80 34.85

Exchange rates

Dock

Business was done in the local market this BRIGIT on the Ebibwing rates:- Gaane 50 52 Biking noter (per 1) Australian notes (per £1) 12.58

20043 BDO 144 500 145 400 40

5.887

15.30

1.02 Taikoo

1.14

8.40 Provid

Ellar" Erdada (per 100) Estradne peso (per 100)

1.00

1900

$30

5000 4.80

解

baskan (per food)

4,00

Contry

1.60

0.5

LANKI

Java

1 20

20.70

Loc

7.20

Lane.

Really

Amoy Eth

In New York, copla

today closed two to

bigber with wallas of H

Copper made little tig

In die trolig at täh. after a

## (and a tendance

MOVING HONG KONG SHOWROOM JANUARY 16, 1962

ΤΟ

PENINSULA COURT, KOWLOON

TECHNICAL

ANALYSIS

On Stock Trands

PERENNIAL TRADING CORP,

Netherland

UNIT TRUSTS

First Hongkong Fund: $1.14

(buyer) 1.72 (seller),

Second Hongkong

cants" (poller),

Fund,

[New]

Tremp