Buyers Sellers

Hale

1000 1000

Mart Asia

INSURANCES Union Lombard

SHIPPING

248

130

10

we

133 7.40 740 7 03

K. Wharf..

Provident

pocks, ETC. Dock

107 442 12.30 52 40

110 45

100

110

came

closing,

1000

13:30

cent for cars).

1000

12,40

As part of the increased con-

Wel

sumer spending on

represent Increased

Tood

costs

Wil of

oriental Turkey where

and in tobacco is predominent, Germany

prescut where tendency for oriental tobacco to Increase of the expense of other

to continue. will

probably output of

LAND, ETC.

HK Hotel.. 35.20 10.30 HK Land..

2000 18.20

35 35

0143344

the

30035

Humpare va Realty

RUBBER AIDAIR. Trust

UTILITIES Trim

(Fts 10.40 11.20 1.375

Star Ferry. Yautnall

...

packaging and procession, de mand at the form gule will rise The by less than 13 per cent.

demand mereased

likely to coxicentrate on ment, dairy pro ducts, fruita and vegetables-mo products In which European farmers are competitive, so that the proportionate dependence of Europe on overseas food is like. ty to fall slightly and Intre- European food trade is likely to

The melditional

Increase

come

From

(x-

penditure on food is ikely to Germany, Rostly France, Italy and Turkey.

In percentages, the increased Consumer spending on foot mas be split up: ment 37, dairy pro ducts 18: fruit and nuts 19: Vegetables ; tea, coffee and Cocoa B; sugar 8; cereal products 6; oils and fats 359. The in- creased production of meat and dairy products may mean bigger imports of coarse grains, which at present provide a fifth of total supplies of course grains.

from oversens.

pes

is likely Cotton slowly since de increase only

for European mond cotton textiles will be limited by the dificulty of Anding new ex- port outlets, and increased use of synthetic fibres may tend to the demand for raw reluce cotton. At the same time, pro-

vided that there is no further sub-

stantial fall in world prices, pro- duetion of cotton in Greece, Italy and Turkey should increase con siderably in the next five years.

Nett Imports

Imports of oils and fats may increase rather slowly since olls and fats for industrial purposer are meeting with strong com- petition from domestically pro- duced chemical products,

C. Light

XALL

Electric Mano E

XD Telephone

INDUSTRIALS

Cement

Hope STONES, ETC, Dans

WALROTE

Lane, C

COTTONS Textile Nanyang INVESTMENTS

Over all, nett Imports from overseas of all fum products may rise by about 10 per cent The UK accounts for a large between 1955 and 1980. This proportion of Kross OEEC in-

estimate assumes some further ports of meat ned dairy products reduction of agricultural pro-

In view of The

Demand Yangtze

Allied Ir European farrn output is K, & P.E. relatively small increase in fond ectionism in Europe.

Invest. consumption likely in the UK.

projected to rise by 14 per cent. these imports are

expected to

In the competing and partiy increase, at most, cely moleinte-

competing

Europecn groups, 13. European exports to non-

farmers are experted to increase member countries expected their

but shuse of the markel,

are

to increase as a result of rising the will be somewhat offset by

Drumark, France exports from

the farly rapid increase in it- and the Netherlands. As a conjunts of tea, coffee and eucon. REQUENCE, Tott Imports into OEEC countries combined of meat and dairy proquets may be expected

to fall Fruits

In the case of fruits and nuts and vegetables, both imports and exports have been rising fairly rapidly in recent years and this is expected to continue. Over the

in

12.

Persilage merenses sumption between 1955 and 1900 are expected to be: cereal

cal pro ducts 4, meni 10, dairy products 13, olla and fals 7, vegetables 10, fruits 15, beverages 21, sugar total food 12.8.

By groups DI

D

ATC ex- countries the increases pected to be 12

per cent to France, Germany, Italy and the U.K; 26 per eent in Greece,

Ave years to 1000, nett Imports Portugal and Turkey; and 10 per

are expected to continue to rise, cent in the other OEEC countries.

but this trend may well be re-Ching Mall Special.

versed by the end of the period.

The level of nett imports will

depend to a great extent on the development of

exports from

Increased

Southern Europe to both OEEC and other countries. exports of these products will necessitate considerable Invest- thent

in ennning and food pro- cessing

Southern planta Europe.

in

CITY GETTING OUT OF DOLDRUMS

London, May 1.

Exchange Rates

20 ralia...

15 uulities

International Paper

Int'l Tel & Tel

480.70 Jolm-Manville Co. 140.13

7933 Kansas C. Power & Light

Kennecott Copper

Liggett Meyers Tob. Co.

Lone Star Cement Co. Lowenstein & Sona

Stock Exgs.b

COTTON FUTURES

REGISTER

SMALL GAINS

New York, May 1.

Cotton futures today see-sawed narrowly in quiet dealings but managed to show small gains of the time, at the close the list ruled up 1 to 6 The market opened unchanged to up 5 apparently a lot of people pounc-points. New Orleans closed 2 points higher. surplus for several years, prices

Trader attention divided between adjustments in have fallen considerably in the on those fairly numerous

Nett imports of cereals depend very largely on ogricultural and trade policles. The world market

situation looks like being one of

Stock markels opened the points.

nèw account in good style with

were, ac-

blue chips which went ex- past three years, and those OBEC

cx the expiring May delivery and the October, 1958, con dividend today and countries which have exported cor

cordingly cheap. Small rises of tract which covered a relatively wider range. wheat in the recent past, ie. France, Sweden and Turkey, generally

0 pence or oll been

with some faced

were a few rises of as much as dimcullies, Turkey marketing plans to have a considerable a shilling.

a shilling visible, And

were

Total

A carry-over from Tuesday's (July there late covering movement lifted pot.

October to the 81 cent Jevel, for a net gain of 15 cents a bale, export surplus by 1960, but it Even more interesting was but the rise encountered in- seems that, on balance, any the atmosphere we are getting creased New Orleans selling.

market

significant increase in output of out of danger and things are cercals in other European coun- going alright even though a bit Otherwise,

Interest tries would not bo consistent slowly.

continues to be curbed in face with the aim of achieving a more There was another upsurge of of farm legislation uncertainties economic distributon of re-conviction that bank rate to- and Administration policy on sources,

morrow will be lowered, thus future price supports, produc- making borrowed

money tion and marketlog controls.

grains

Nett Imports of bread (mainly wheat) ure therefore cheaper. Some British Govern assumed to rise about as fast as ment stocks gained as much as the consumption of cereal pro-5 or shillings. ducts, and nett Imports of coarse Oil liares were grains which are mainly used active, moving up and rapidly than the consumption of

finally Royal Dutch moat and

shillings. dairy prod

products.

closed unchanged while Shell, Tobacco

Transport was down a shilling. Burmah gained more than 3 Much European production of shilling

Petroleum sugar requires heavy protective pngs, British

and Canadian Eagle 1 38.30 cents level. Spot interests

for animal fodder-rather more through a range of overal felt a return of favourable

Lockheed Aircraft

Loews Incorp.

National Steel Corp.

New York Central Olin Mathieson Oui mevators. Owen-Dixsoin Glam Pacific Gas & Elec. Pan American Airways Paramount Pictures Parko Davia Co. Penny J. C. Co. Penn. Bait Co.

Philip Morris

Procter & Gamble Co. Pittsburgh Plate Glass Publicker Industries Pure Oil

Radio Corporation Republic Sto Reynolds Metal

shell Ou O..... Sinclair bu...

Saint Reg. Paper

Solar Aircraft

Southern National Glas

Prices of cotton futures closed Union Pacific Railway today as follows:

33.90

30.29

34,00

73.05

13.09

30.00

United Alterüft U.S. Yoll "E"

U.S. Rubber

38.35

Spot

U.S. Gypeum

35.30

U.S. Line Co.

May

34.00

July

Oct,

33.00-07

US Smelting

33.00

U.S. Steel

Dec.

33.70

Warner Bros.

Mar.

May

13.08

Westinghouse Electric

32.90

Western Union Tel, Co.

July

Oct.

31.43

West Va. Pulp & Papor Woolworth

extremely down

On

shilling.

these

barriers will not be increased, it

Suez Canal closed unchanged mand. The net open interest in pence per 1b, were as follows Has been supposed that a fairly at 50 sterling.

assented May, where dealings expire two German Potash

hence, totalled 93,900 the certificated stock

Further unwanted rains west ol the Mississippi Increased fears of a delayed crop start this year, but other observera weather would witness rapid

Dec. progress with seeding and that

would be germination oellent with the abundant soll moisturd reserve.

May contracts held around the supplied a scattered unde

NEW ORLEANS Prices of cotton futures closed today as follows:

July Oct.

"

sub

Mar. May July

Oct.

de

Cotton

weeks

11071

.of.

Late

a somotzhet sminiler: proportion

European

for

tabdaro

- B3⁄41⁄2 pârcoísta whole non- 1900 than, assonifer root the stick thủ thi in 1956... This is Bócating thested 4 sterling

demand for

European non-cupented fall sterling balcs were taken, up. by the tobacco is expected to constitute Chinese were fractionally enalar, tende.

demona fanese were quiet except, the

Month

May

$3,000

Volume Open; interest

10300

biggest increases in tobacco con- Dollar locks were feahifáldása.“ Deo. sumption, are expected in Greece -United Preys,

Mar

4.300

02,300

farge, part of the increase in de- mand will be met by imports, shares went ex-dividend today bates,

imports of tobacco are expect which caused them to be marked declinex 119 to 11,177 bale. De- New contract stay une ed to show some crease, but down a sterling Young Loan livery notices today for 700

Sao Paulo market was closed

Answers-1 Minnehaha, Today,

In the US the average price Nokomis,; 3 MoÓDASSIA of one-rich cotton at 14 d. | wam,, H, Indian, 6; Mitten, signated spot markets was 25.68| Huntingz. 8. Amerter,

Hiawatha. cents-United“Présť.

LIVERPOOL

futures closings in

contract. May/June

July/Aug. Cow Nov. Dec/Jan. Mar/Apr.

C/Now. Dec/Jan. Mar/Apr

barriers or large subeküles. the assumption that

140 3000 140

1.50 1 20

2000 1,35

2140

5:00 21

100 21.00 500

130

102

FC 30

000 + 102

20 20 2015

8.03

25 20 20.40

100 20.30 1000 23.20

32 32 2000 ** 2245 13.20

14.00 $4.00

1100 14.70

1000

14.00

1000

14.00

215 70

1500 4 11,00

23

1,10

das

2004 4,65

Stock NY volume was $4,100,000,

THE CHINA MAIL, THURSDAY, MAY 2, 1957.

TRADE and COMMERCE SECTION

EUROPEAN ECONOMY IN 1960

Many Changes Of Pattern, Say's OEEC

Paris, May 1.

HONGKONG STOCK EXCHANGE

[From Our Correspondent)

Business done on the Hon

Stock Exchange this ong morning amounted to appro- Noon quota- ximately $545,500.

tions and the morning's fruna-

actions:

In its survey of "Europe in 1960" the OEEC reckons that a rise of 17 per cent in gross national product in the OEEC area in the five years up to 1960 would mean rise of 18 per cent in consumption but with Unk many changes in pattern.

Consumption of food and of tobacco would rise by rather less than 13 per cent compared with rises of 18 per cent for clothing and 31% per

for durable consumer goods (including 25 per cent for furniture and 44 per

cent

Shares

BANKS

Manporium

82

2gM A 30.40 1000 18.40

SPECIALS LIFT STOCKS ON WALL STREET

New York, May 1.

Strength in oil shares, metals and selected specials today lifted stocks to early January levels on increased activity.

Gulf Oil ran up nearly 3 points on rumours of an impending stock split." Amerada and Kerr Mcgee added over 3 each.

Bethlehem improved froc- tionally along with most of the steels, Only Armeo had a loss of any size, falling nearly point of tower curtings re- port.

д

American Cyanamide Ch. Amer, & Forgn. Power Am. Mach. & Fdry. American Metal American Snelting Am. Sugar Ret.

Armour

Chatter On Wall Street

New York, May 1. Moody's finds foundations for a long and persistent rise in stock prices are im- mediately lacking.

Standard and Poors says in- vestors are giving more atten-

tion to encouraging news than formerly.

Business Week notes that most of the professionals remain "1. Rido 70% cautious, content to:

present Common 37 holdings through any routh waters that may lie ahead; and

with

1714

thetr

B. F. Hutton & Co finds the internal actions

of the

201

2. Postpone any important buy-

American Tel & Tei

1779%

American Tob. "I"

7515

ng operatiun until after

the

1

Anaconda Copper

87

sharp price drops that

they

Armco Steel

24,

balleve are sure to come."

14/

Baldwin-Lama-

Baltimore & Ohio

Bendix Aviation Corp.

Benguet Cona

4015

40%

001

415 net

& Harris, Upham

Co timates Hersher Chocolate 1957 may reach $6 a share

4-

10%

Amerlenu ladiutor lost fraction. News of a dividend cut market Just around

Metals pushed to the fore in lato dealings with Alcoa up Aluminium, National nearly 1, Lead and Magma up around 2, Reynolds Metals up 114.

Chemicals

Gains of a point in Du Pont,

1 in Dow and 2 In Schering highlighted chemicals,

italls

were firm with very

Beneficial Finance

Betlehem Steel

Doeing Airplane

Borden (The Co.

Eurroughs Add Machine

Canadian Paellie it.

Chee 13. 1)

Co.

Cat, Trnotar...

Celanese Corp.

C. I. T. Financial Corp. Chase Manhat. Bank Chryster Motors

Climax Molybdenum Colgate Palmolive Co.

few changes larger than Colombian Carbon Co. point.

Measured by the Dow-Jones industrials were up avernges, 1,40 points at 496.70, their best since Jan. 4. Raila added 29 point to 140.13, utiles were up .32 at 73.33, their highest since March 19, 1931 stocks composite

Commercial Credit Commonwealth Elec. Consolidated Edison Continental O) of Del, Crown Zellerbach Cuban Amer. Sugar Diamond Alkali Douglas Atronft Dow Chemicals

Dupont de Nemours and the 85 Eastern Airline average

Eastman Kodak WISE PA National Gan Family Fluence Corp.

.52 at 173.00, its best since up Jan, 31.

Of 1.165 issues traded: 486 were higher, 422 lower, 257 un- changed with 67 at new highs, 24 at new lows,

Volume

shares

of 2,310,000 compared with 2,200,000 yester

Firestone Tyre & Rubber Ford Motor

General Electric

General Foods

General Motors

Gen. Yuu. Vul

Grdden Co Goodrich (B.

Goodyear Tyre Gulf Oil

Heyden Newport Corp.

Exchange bond, Hometako Mining Co.

Ingersoll-Rand

market continues itself

contradictory and note decisive in reference to trend,

14 against $5.17 in 1958 dividend

NOTICE

·Page

FAR EASTERN FREIGHT CONFERENCE FAR EAST/GULF OF ADEN AND RED SEA PORTA CONFERENCE

SURCHARGE ON RATES OF FREIGHT FROM SHANGHAI AND NORTH CHINA TARIFF AREA AND FROM

THE HONG KONG TARIFF AREA

The Conference Lines have decided that in view of the fact that adme Conference ships have successfully transiited the Suez Canal since its reopening, the Surcharge of 15% will be reduced to 5% nett (no discounts or rebates). The re. duced rate of surcharge will apply to those ships commending to load at the port concerned on and after 1st May, 1967. For cargo on Bills of Lading with transhipment at the daban vessels loading port the reduced surdharte will apply to Through Bills of Lading dated 1st Máy, 1957, onwards,

The Member Lines, whilst desirous of removing the whole surcharge as soon as possible, do not présently sonsider that the political situation in the Middle Edat is suficiently secure to warrant such action. Meanwhile, the rate of surcharge remains subject to alteration without notice. American President Lines, Lad,

Ben Line Steamers Ltd,

Clo Maritime des Chargeurs Reuuls,

China Mutual Steam Navigation Co., Ltd., Ellerman & Bucknall Steamship Co, Ltd., Glen Line Ltd., (Glen & Shire Joint Service), Hamburg-Amerika Linie,

Holland-Oost-Azio Lijn,

Lloyd Triestino, S.P.A.N.,

Cle. des Messageries Maritimes,

Nippon Yusen Kalaha,

Norddeutscher Lloyd,

Ocean Steam Shlp Co., Ltd.,

Osaka Shosen Kalsha,

A/8 Det Ostasintiske Kompagni (East Asiatic Co., Ltd.),

Peninsular & Oriental Steam Navigation Co.,

A/B Svenska Ostasiatiska Kompaniet (Swedish East Asia

Co., Ltd.),

With. Wilhelmsen.

1 could be raised... Cuban Atlan- The Hongkong & Yaumati Ferry Co., Ltd.

18tie Sugar net should rise from

441 $1.64 in previous fiscal year to

401%

771 $4 in 1957....Robert Shaw-

701 Fulton net projected to $3 for

1957 from $2.62 in 1958, dividend could be raised.

Reynolds & Co tentatively estimates American Chain Cable net at $7.50 a share for 1037 against $6.30 last year....says Atlantics Refining seems situated to boost its crude pro- for $6 for duction....looks

this fiscal Black & Decker for

no-

FERRY SERVICE TO OUTLYING DISTRICTS

(in force on and after the 5th May, 1957)

CHEUNG CHAU FERNY SERVICE TM

1raving HONGKONG tor CHEUNG UNAU

0.20 .m. (Direct)

9.M.D.)

-(Direct)

| Leaving CHEUNO CHAU for

BONGKONG

"

Aberdeen

Wilmer St.)

- (VH BMI đ

Chau)

(Direct)

Chau)

(Direct)

(Via S.MA, & Ping

Chan)

(Direct)

(Dire to Wilmer BLJ

(Direct)

-(Vin B.M.B. Be Ping

Chair)

4215

1015

20

3234

4019

4.00 am. (V

to

↑ 0.04

17

0.00

- (Direct) -¿Via Ping

Chau

0.45

781

well

Ping

023

10.00

194

11.00

-(Via

Pine

7,40

Chau

SM.B.J

110,20

(Direct)

11.30

- (Direct

from

Wlimer

13.00

(Via B.M.B. & Ping

3714

year.

2435

*100 noon — (Direct)

11.30

- (Direct)

024

59

43

72

Hornblower Weeks prospects have brightened for legislation at this congressional to remove restrictions handicapping independent tural gas producers and notes Co. Champlin Oil & Henning (formerly Chicago Corp.) is a potential beneficiary United Press.

&

says

12.10 p.ta.

Via Ping

Chau

& 1.30 p.m.

S.M.B.)

1.30

- (Direct)

140

1.49

-Vio Ping Chau &

2.30

8.M.D.)

1.41

(Via Ping

Chau

3.15

>

BM.B.)

4,00

↑ 4.00

- (Direct)

4.45

5.00

— (Via Aberdeen trom

Wilmer St.)

0.00

- (Direct)

1920

Via Ping Chau

Н

B.M.B.)

+ 0.30

- (1)frect)

0.00

- Direct)

7.13

- (Direct)

Inland Steel Co.

8.15

-- (Direct)

A00

- (Direct)

a

3000 8.03

American Stock Exchange

interchenical Corp.

Int'l Businew Machines

500

SILVERMINE

BAY FERRY SERVICE

volume was 830,000 shares.

Int'l Harvester

Dow-Jones

closing

averages

International Nickel

112

4.43 4.59

were.

30 industrialn

05 stocks

173.00

40 honds

Commi, future price Index

104.00

Busines

oficial

done in the local Whe

market exchange

Closing Prices

McDonnell Aircraft

(Am.

tlus

3014

morning at the following rates:-

U.S. dollar (per 51)

6,22

Alden Inc. Acy.

10

Mesabi Iron Corp.

Rex rubber closed 35 points

Sterling notes (per 1,

18.00

Allied Chemicali

Minnesota Mining

7334

points lower with

Australian notes (per Indonealan rupiah (per 100) 14.50 Siam tical (per 100) Singapore (Straits)

12.50

Allied Mus inc.

2009

Mission Development

28

-(Via Ping Chau

LONGKONG for

Allis Chalmers

3394

Monsanto Chemical Co.

May

20.06

American

1855

Montgomery Ward

37%

July

1.00

American Cable & Radio Corp.

Motorola Live,

Sept.

National Cash Reg. "A

TAS

Nov.

PING CHAU

FERRY SÈEVICE

¡ Leaving PÍNO CHAU for

HONGKONG

1.40 a.m.

11.50

H

National Dairy Prod,

545

Jan.

National Lead

Mar.

31.00

TPA 30%

May

30.70

Standard contract

closed 35

47%

points higher to 5 points lower

with no sales reported.

May

July

32.66

Leaving HONGKONG

Sept.

31.81

Hongkong

mais

Nov.

31.00

Kap Sul Mun

Jan

31.25

Castle Peak

04

Mar,

51.00

rung chung

May

0.75

Arriving Tai ...

484

Routine dealings

between

175 trade

at

sajt

83

interests featured the terminal market with new busi- ness being held In abeyance 554 because of the holidays in the Far East and the consequent scarcity of shipment offerings. Spot No. 1 Rss locally

Lanving_HÔNGKONG for

TALO

WAS

Socony Mobiloil

57

quoted at 321⁄2 cents.

LONDON

South Puerto Rico Bugar

The rubber market was idle

Bouthern Raliway (Com.)

440)

Standard Brands

4012

per ib. Prices;

Standard Oll of Cal.

No. 1 Has spot .........

27-273

Standard Oll of Ind.

Settlement house term:

Standard Ol of NJ.

June

27-271

6.20 a.m. (Direct)

(On Stridays only this ferey will leave at 7.45 a.m.)

Steep Rock (Toronto Exge.j

July/Sept.

Sterling Drug. Co.

Oct/Dec.

267-271

Stokely-Van Camp.

10

Jan/Mar

3,200

GANDO 6,000 39,500 43,000 912,100 bales

Studebaker-Packard Corp.

Apri/June

101-201

Swift Co.

Term Cong

May

Tide Water Aser. Öll

Juric

NEW YORK

Twenty Century Fox Film Union Carbide

2014

Juby

115**

June 20%

201

Estato

WORLD RUBBER MARKETS

contracts.

New York, May 1.

futures today higher to 5 sales of 113

32.50 3,05-01

31.86

31.50

31,23

*10.20

11,00

12.13 p.m.

1.45

6.20

Serving PING CHAU 9.00 a.. 11.00 +

*12.10 p..

145

1.40

8.20

Leaving HONGKONG for

BILVERMINE DAY

B.19 a.m. (Direct) 2.00

-0.10

-(Via Ping Chau) -- (Direct)

- Dreet)

-(Via Ping Chaus

(Via Ping Chau) (Via Pin

.... (Direct)

Chati)

(Via Ping Chau

Leaving SILVERMINE DAY for HONGKONG

7.15 a.m.

*10.30

11,30

1.15 pm.

* 1.00

55.00

5.13

(Via Fleg Chau)

(Direct) (Direct)

(Via Ping Chau) (Via Ping Chau) (Direct) (Direct)

(Via Ping Chau! (Direct)

(Direct)

• 9.30

2.40 p.m. 6.40

July

Bept

4. Wig-

Nov

Spot-(dents

8.04

Wyndham Streat

*NY "axduty)

Open interest: 2,300 contrsais.

United Press,

30

1850

-United Press.

• SUNDAYS AND PUBLIC HOLIDAYS only.

↑ SATURDAYS, SUNDAYS AND PUBLIC HOLIDAYS only. TAI O...—CASTLE PEAK FERRY SERVICE

Lenying TAI O

2.00 p.m. TH 0.....

3.00

5.40

4.30

5.30

Tung chúng

Castle Poak

Kap, Sul Mun

Arriving Hongkong

TAI O-SPECIAL FERRY (VIA ABERDEEN) (From Wilmer St. Ferry Pier)

¿Lraving TAI O for 4.00 1.m.

HONGKONG SATURDAYS, SUNDAYS & PUBLIC HOLIDAYS

EXCURSIONS -- DIRECT to TAI O. Leaving SONGKONG ... 8.00a.m.Laying TAI Ő (Celling at Tung Chung)

|(Colling at Tung Chung)

TOLO HARBOUR FERRY SERVICE

1.00 1.13. 4.00

9.13

19:30

4.00 0.

$.00 p.m.

with spot up 3/18 to 27% pence Leaving TAIFO HAU for TAP MUN LABring TAP MUN for TAIPO KAU

General markets, elf basis, ports:

thin Etate crops

treĵo thick June 31

Both Singapore. and Amster- darn

rubber markets were

closed today-United Press.

New York Sugar

Market

Now York, May 1. World No. 4 sugar futures clowed today 4 to 9 points lower with walea of 1,417 "contracts.

Domcatle No. Sugar closed 4 points lower with sales of 280 contracts. World contract beiinces nected further

New York Foreign unchanged to

Exchange

New York, May 1. Closing rates were:

Canada ...

187 | England official

TE

trado liquidation

in face of a curtalled demand

kaws and expectations that the Cuban

crop may furti out larger than originally expected.

Contract No. 4 (world)).

23-days DO-470

1.04-7/10 279-9/32 May #.jp A.TULS

July

otherm unchanged.

Oot.

United Press.

NAMESAKES

ただ

Dept.

0.30-20 4.10-20 0.30.

Spot (penis par 1b. fob Cuba) Open, intereit: 8.301 contractu.

Comtenet No. 4 (detrunallo)

2.00 p.m.--(Vin Stap Ste leung, Bham Chứnd, Lai Cha Chong Tai Tan, Chile Keng & Hau Leu Wan).

839 K.m. -- (Vis Kau Lau Wa

Chik Kang, Tai Tan Lai Che Chiong, Bham Bhap Sto Ifoun) (On Bundays only this ferry wlil leave at 550 ara) 3.00 pm. (Direct)

SUBJECT TO ALTERNATION WITHOUT NOTICE

YOUR ALLY A GOOD PRINTER

What's the first step toward offretive printing? Just this: call in a good printer right from the start. Whatever your requirements, his fund of experience will, be invaluable in helping you to design, to select type, and to choose the right

paper for the job.

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20002

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