SHIPPING
OIL TANKERS
IN FRANCE
Paria.
On September 1, 1957, 68 oll tankers representing a total tonnage of 2,429,000 were being con- tons, atructed in French ship- yards.
át
de
totalling
18 tankers equal to 174,000 tong' were being constructed the Ateliers et Chantiera France; at the Chantiers de la Seine Maritime 5 tankers total- ling 92.000 tons are being con- structed; 23 tankers 1,009,075 tons are being work. ed upon at the Chantiers Allantique; at the Forges Chantiers de la Gironde 4 tank- totalling $1.200 ions are be- the built: an at the Chantiers
SHORTAGE OF CAR
SHIPPING SPACE
London.
Exports of cars to the United States have reach- ed such proportions that u shortage of shipping space is again developing. An official of the British Society of Motor 'Manu- facturers And Traders said that there is only suficient shipping if manufacturers arrange to them- charter ships for Rolves.
de ot
the
Mavata de la Ciotat 10 tankers totaling 381,100 tona.
The situation affects primarily
producers four biggest British Motor Corporation, Ford, Vauxhall and Rootes.
!!
In addition to having to make arrangements with shipping lines not among ordinary Conference lines, they have had to make ments, individually or in con- with cach other, to junelion charter ships.
acronze-
as Deliveries will be made follows: during the last quarter totalling tankers of 1937 4 159.075 tons; in 1968 14 tankers
A number of Icading totaling 308,040 tons; in 1930 10
they are being tankers totaling 382,500 tons; inexportere say
considerable extra 1900
tankers totalling involved in 11
costs 10 maintain 489.730 tons; In 1901 10 tankers freight
in deliveries. "But," they ned. totailing 470,000 tons; and 1082 9 tankers totalling 473,890 "it is the only way to do li
EVERYTHING
- 10715.
AVERAGE TONNAGE
Average tonnage of the tank- CTS delivered each year should be as follows: 28,431 tons in 1058: 38,200 tons in 1959; 44,520 tons in 1980; 47,000 tons in 1901; und 52,650 tons in 1982.
super-
1030 will be marked by the completion of the first tankers ordered in France. These Include three 73,000-ton tank- the Chantier de from Cr's T'Atlantique; tivo 72.000 ton A.C. de France; tankers from and one 88,300-ton tanker from A.C. de France.
The 72,000-ton and the 73,000- ten tankers are the largest now being constructed in Europe.
1957 the larg- On September est French tanker in service was the Esso France of 37,450 tons which was built at the
Chan-
the The Americans expret goods to arrive on time and we possible are doing everything to keep our side of the bargain If we don't, then they will buy the competitors on from our Continent."
Smaller manufacturĒTS nTe rather better placed. For onc thing, their antes to the United Slates have not undergone such a dramatic Increase.
An official of Jaguar, one of exporters the most consistent to the United States, said that by taking space three or more Just months ahead they were
abh
abreast of the Bituation.
to keep
"The Industry is making a concerted effort," he said, "and we are obtaining our share of the shipping space available."
tiers de la Loire. Of a feet of FRENCH NAVY'S
98 tankers of more than 10,000
tons in service on that date in
France only 10 were more than EXPLORERS
20.000 tons.
in
However, of 47 tankers construction or ordered on that
te for French companies, will be more than 30,000 tons.
A STUDY OF ATOMIC SHIPS
London, Nov. 27.
40The
Paris.
F.N.R.S. III. the bathyscape of the French Navy, has just made its 57th dive,
In its last dive, which wast made off the coast of Cannes, the bathyscape, plloted
reached
by
n
Copdrafti Hout, depth of 1,600 metres.
Following are the depths reached by the bathyscape in the lust few months:
From July 25 to August 14, 1953: test dives off Toulon, The badbyscape. at first was sent
without 20 metres downl
THE CHINA MAIL, THURSDAY,' NOVEMBER 28, 1957.
TRADE and
COMMERCE SECTION
Wall Street Stocks Recover Thanksgiving European Common
All Of Tuesday's Decline
New York, Nov. 27.
an active
Wall Street was elated at the favourable reports on the President's con- dition. Before the opening many selling orders placed yesterday were withdrawn. Buying orders came in profusion. Opening prices show- ed gains ranging to 3 points.
Stocks recovered all of yesterday's decline in
session today.
Gains were extended in the subsequent trading with the market getting a big push near closing time on an announcement by Secretary of De- fence Neil H. McElroy that he is putting into production both the Jupiter and Thor missiles,
Douglas Aircraft, prime con-; Sears, Reybuck & Co. Factor more
of the Thor, soared thon 7 points. Chrysler, Jupiter contractor, at its high was up more than 3. Elsewhere the market showed gains as great or greater than these two,
Aircrafts generally stood out on the upside. Olls registered wide gaine Chemicals ruled strong and active. Wide gains came into paper, drug, steel, metal,
building and cicctronic Issues,
Ruitrende issues ruled #trong
ail of but failed to make up
declines. Utilities yesterday's were higher.
Of a total 1,184 ismes irnded. 843 were higher, 177 lower, 104 unchanged on the day.
New York Stock Exchange volume 3,330,000 shares
New York Stock Exchange bond volume US$4,740,000.
American Stock volume 710,000 shares.
Dow-Jones
Were:
30 Industriat
20 Kails....
35 tien
Bricks
40 Donde
Exchange
closing averages
Commodity Futures Index.
Closing Prices
Alden Inc. Acc.
Allied Chemicals
Allied Malls Inc.
Allis Custovers
Am. Brake Shoe
American Airline ...
American Cyanainid Ca
Amer. & Forms. Power
American Cably & Radio Corp.
Am. Chandi Klectric
Am. Mach. Pary. American Hai
American Smelling Am. Bugey Ret..... American Tal & Tel
American Tob
Anaconda Copper Armes Aicel Armour
Aliss Cons. Minne
Baldwin Lima-lama.
Vallimore dhe Oblo Beneficial Finance Bendix Aviation Carp. Benguet Cone.
4401,03 100 01
07.58
149.10
14.38
101.67
1519
25%
M
10
411
233%
43
Shell O Co,...
Baint Rog. Paper Sinclair Q11
Bocony Mobilcil
Bolar Aircraft
outh Puerto Rico Sugar Bouthern Co. (The) Bauthern Nationat Ga
Southern Italiway (Com.) Blandard Brandy Standerd Oli of Cal. Standard all of Ind. tandani Dil of NJ Sleep Rock Toronio Exg) sterling Drug Co. Stokely-Van. Camp. Studebaker-Packard Corp.
naine Mining Swit! & Co. Texas Co.
Textron Inc.
21%
1214
702
Tide Wator An. Oli
201
Time Inc.
A
Twentieth Century Fox Film
1074
Union Carbide
19
Unica Oil ut Cal.
201
Union Pacific Railway
30
Unlied Airerat
United Gas Cerp.
U.8. Fall D
41%
U.S. GYDALID
US. Line Co.
U.S. Rubber
2012
119, Smelting
US. Steel...
301%
Warner Bros.
11
Westinghouse Electric
2014
Western Union Tol Co. West Va. Pulp & Paper Woolworth
NEW YORK COTTON MARKET
New York, Nov. 27. Cotton futuros today see-
sawed over a range of US$1 a balo as traders avened up beford the Thanksgiving holiday.
At the close the 1st rated 10 higher to 8 points lower. The market. opened unchanged to New Orleans off 10 points. closed off 4 to up 4 pojats.
the
New York, Nov. 21. Financial and commodity market throughout United States will be closed tomorrow is obeeT Vanos .of. Thanksgiving Day.
Afarketm Kurope.
St Canada, poxd Singapore
maxal---
will operate United Preas.
New York Rubber
Market
Now York, Nov. 27. Rex rubber futuros today closed 25 to 35 points lower with sales of 53 contracts.
Jen: 1.70; Mar: 21 65: May: 71.30:
Jan: 2130.
Standard contract closed 25 to 35 points lower with no sales reported.
At
Market Talks
U.N.
Assembly
United Nations, Nov. 27.
The General Assembly voted today, 57 to 12 with nine abstentions, to study the implication of the European common market on the future of non-self-governing territörles,
Belgian
Ambassador Joseph Nisco, speaking on behalf of France, Tialy, Lanembourg, the Netherlands and Belgium," and with the consent of Western Germany, announced the position of the signatories of the European Economie Com- munity Treaty to the Assembly nction.
SINGAPORE
STOCKS
Singapore, Nov. 28.
quoted the
He noted that three of the Brokerz today signers had not yet ratified the following stack prices: realy and that may discussion of
by the U.N. premature.
Was therefore Batu Lintang Rubber
Lid. 15
In: 27.75: Mar: 27 85; May: 27.90: July: 27,90; Sept: 27.90 Nov: 37.50; Jan: 27.90.
DEBATE
Liquidation by recent buyers
He said that the trusteeship
Co
Petroleum Byndicale Consolidated Tin Smellers
Opening
30/34 Ord A Fist & Neave Ltd, Örd. #3.571.
$4.00
Fraver & Neave 1146 eum.
wet...
for over the holiday tomorrow committee debate on the eyes Cummon (vas Limited war
st | Hongkong & Shanghai Black- mit a more ro erved demandtion had shown the cone
int Corp from the trade. Shipment offer some delegations for the
with of the,common market pre-Hongkong Tin Ltd.
| Kumpas Ltd. ings were reparted small, -United Prem
there ambers and three browns gramme on European-adminis-Kasts Kampar Tin --
tered territories in Africa byt Lune Rubber Estates relatively scarce.
Balayan Breweries and no similar argument was New Serandah Rubber Co.
economic Ltd. other
HONGKONG
STOCK EXCHANGE
Our Own Correspondent Business dono un the Hong- kong Stock Exchange this morn- ing amounted to approximately $270,000. Noon quotations and the morning's transactions were
shares
kuyrre Bellora BANKS HK Bank ་་
The Now York and New Orleans Exchanges will fremain Wassiccks closed tomorrow.
December
жете contracts
unset- altemately steady and
DOCKS, ETC. tled following the issuance and K. Wharf circulation of delivery notices (Pock
Balee
SINGAPORE
of
$430
/Dd
$1.50
31/
d. 1.00
*1.42!1
$.45
SLAJ
$2.875%
$1.85
$10.00
01223
China Mat Sports),
NAMESAKES
Sonic four ambers were re-roised about
23 ported offered at cents, programme, such as the Colam-Petaling Tin Liu.
|Raffes "Hotal.. and cost
freight, Dec/Jan, bo Plan.
singapore Cold Bicroge Niscot said It was "Inadmisel Straits Trading shipment. A moderate tonnage
on one ble" to ask the European states ed Engineers Ord.
Steamship was reported worked ribe, Dec/3an, shipment at 27 involved to submit information Warna Bros. ..... cents a pound, cost and freight, about Implications
the
endir: 1-cumdiy, Scot No. 1 Rss was quoted at treaty before it came into effect. 274 cents, nominal.
He said the European Com
the would discuss munity maiter in good and due time." The resolution neks the prépare Secretary-Gerenal to
Answers-1 Junior, 2 Novelist, for the next assembly sesalon
Adventures, the developments s Hannay, 4 report "on connected with the association Biography. 0 Tweedsmuir, There was some interest for of non-self-governing territories Detectives,
sheets but sellers were with the European Economic Author, 10 Midwinter. lowET nother reserved. During the Community."-United Press.
there
Home afternoon Iquidation which
well absorbed. Future closings were:
The market opened lower on selling induced by Elsenhower's Illness but ruled steady at lower levels on covering against over- night acceptances.
was
Was
Ko. 1 rubber per lb. Dee. - BUFFER STOCK
LONDON
rubber
East Asia INDUSTRIALS Union SHIPPING Asia Nav
270
2012 17
20 $50
TO ŠTI
? 1.23
Jan. 76%-10%
No. 2 rubber per lb. Des.
78-14-7034
No. 8-
7372-7314
No. 4
71-702
0.43 3.33 1,000
Epot rubber unbaled Blanket crepe
7714-3
07-00
250 € 6,50
No. 1 pale cropé
BOIL-BI!
2,000 A
3,000 800
1.55
The
steadier with
117 130
100117
11.50
Settlement house trim: No. 1 Ras spot .........
market Wis spot quoted at 23% pence per lb. Prices:
236-23%
Juti/Mar.
Apr/June
July/Sept.
Oct/Dec.
1.15
1.30 33000 () LA15 1.23 P.20 10,000 2.15
| Dec.
Jan.
Feb.
100 2250
200 27.00
for 1,900 sales, the Crst-wudersid (0) 111.70 1,000
LAND, ETC. HK Hotel 14.70 14.80 500 14.00 to appear to date.
123 323% 1,000 @ 3334 traders Otherwise,
marked Humphreys
10.10 1.39 140 10time awaiting news on outcome Realty
RUBBER of the bids opened on Monday for Amalg the purchase of cotton out of Trung the government surplus Tawah 2.171S
UTILITES TPO ...... 22.70 22.00 Yaumati C. Light (0)
for large zales Expectations
of the stock suggested possible heavy hedge selling in 154 futures. But the opposite view 4314
was that the eolton would be well absorbed by mills, and other consumers, because of the shortage of good quality cotton
10
stock.
Bethlehem Steel
314
Barden (The) Co.
Burroughs Add Machine
out
Campbell Soup Co.
3314
Canadian Pocite R.
24
Caso (JL) Co.
Delarem Corp.
C.I.T. Fidal Cury.
Chase Manhat. Bank
10
Chrysler Motors
091
Clit Peabody
*****
40
A nuclear-propelled ship, which sank on the high seas would not present a of spreading danger radio-activity, a study of the application of nuclear passenger and then, on August propulsion to ships ro-14, it reached the depth of 2.100 metres with its crew an bourd, vealed today.
On February 15, 1854, Com- mander Houot and the Mechani- Wilin, plunged to cat Omeer. the greatest depth ever attain- This ed by man: 4,050 metres.
of off the coast place took
Colgate-Palmolive Co. Dakar,
Colombia Carbon Co. Many other successful diven Commercial Credit
particularly catch 00, EALOR have been made,
Continental Oil of Del. Crown Lelierbach
The study, prepared by Sir Christopher Hinton, President of the Central Electricity Board, and V. Moore, Assistant Direc tor of the industrial group of Energy the British Atomic Authority, was presented in London to a group of engineers and naval architects,
in the Atlantic, off the coast of Lisbon,
According to the builders, the
which ish"superbatyeenpr."
The only exception would be In coastal water,
where
Cat. Tractor
max Molybdenum
In the current "free" supply.
Continued unfavourable har- vest weather increased fears of 3314 further
45
damage
"XD"
$335
2319-724%
24-241 2431-2414
General markets, cif haals, porla:
Eriniu creps thin Jan.
13.231
236-314
23-23
201 thick Jan. 23 AMSTERDAM
per
1.34 nom.
17.00 40 17:40 The rubber market was quiet;) 100 6 1740 Prices closed in gullders meetrie .... 27.20 100 21.30 Telephone 25.00 26.20 2.000 20.10 kilogram, elf Dec. as follows: INDUSTRIALS
No. 1 rubber Coment
24.10
No, 2 rutier Amoy Cen.. Met STORES, ETC. Dairy... 16.10 Watson Lane, C... 13.50 13.90 COTTONS
12.10
1.50
500 @ 2140'
2001.10
No, 3 rubber
No. 1 crepe
100 10.20
4.50
3.725 3.75
3,50 7,000 @ 3.75
0.00
to grade of Texule.... unpicked cotton.
The govern-Nenys
INVESTMENTS 4ment weekly crop summary Allied 175 indicated that 35 to 40 per cent
remained unplaced in central K. & F belt sections.
Cuban Amer. Suger
15
Diamond Alkal
Diamond Match Co. Douglas Aircrati
784
7
1781
21
Dnd beaches might be con- being built, will be able to taminated if the Basile material descend 11,000 metres info the used had high rate of COT- great depths of the Fuelfie. rosion, the study said.
It might be possible
velop a nuclear fuel
to de- with a
very low corrosion rate in sea
water, the study said.
A sunken atomic ahip could
TRAMP BUSINESS
New York,
A fair amount of
arranged rates
be salvaged, since the protee has beta
lion provided by the mass of changed
Ben water would enable divers American
Dow Chemicals
Dupont de Nemours
Eastern Airline
Eastman Kodak
El Paso National Gas Family Finance Corp.
Firestone Tyre & Rubber Ford Moter
General Electric
General Foods
business
General Motors
Gra. Pub, Ul.
at un-
Getty all In the North Glidden Co. trades, including Goodrich (B. F.) Co.
to work near the reactor with-heavy grain from the St. Law-Goodyear Tyre
Gulf Oil
the report rence to Antwerp or Rotterdam Hayden Hawport Corp.
at $5.25 per ton and from the
out great danger,
sald-Franco-Presse.
DIESEL FIRM'S
NEW SCHEME
London. Since F. Ferking Limited, the Peterborough
diesel engine
Homerinke na Co Ingersoll-Hand
Gulf of Mexico to Antwerp and Steel Co. Hamburg range at $6.50
ton,
per Interchemical Corp.
Heavy groin was also fixed from the St Lawrence to Kara-
frum
chi at 79s Ed and
Int'l Bumiem Machine Int Harvester International Nickel Intemational Paper
Int'l Tel & Tel
the oh-Manvilla Co:
North Pacific to East Coast of India at 70 shillings,
has Coal chartering rather slow recently but a
manufacturers, announced the 18,000-14,000 tonner was fixed Lowenstein & Son
Kansas C. Power & Light Kennecol Copper Liggett Meyer Tob. Co. Lockheed Alteralt beenews Loop***
Lone Biar Cement Co.
Alrewart McDonnell formation of a new products
voyages Block Inge.) for four consecutivo division, there has
from Hampton Roads to Ant-Membi Iron Cor siderable speculation about the engineering flekis likely to be werp, Rotterdam or Amsterdam Minneose labing
at 373 6d free discharge, com. mencing in January, 1958.
company.
been con-
explored by this enterprising
It
revealed that several potential products
Dow
being examined.
Bro
Mr M. L Prichart, deputy managing director of F. Perkins
Lid, slites
“The management
TANKER AGROUND
Port Said, Nov. 27.
has decided that it is time The 6,819 ton Dutch tanker
nground in the
Milon. Development Monsanto Chemipal Co. Montgomery Ward Motorola Ina, Nations Can Eleg. "A" National Dairy Prod. Nations Lead ..... National led Corp. Now York CENENI Norfolk & Western By. Of MattilÓRGA Otis Elevatora Owen-lino Oxford Papir Car
the company launched to new "Purfina” ran apheres other than the strictly Suez Capal today, holding up Pax Amerkan Always
10 ships which were following | Paramount Pictures desci field
Davie Co.
"It is not the company's her in a northbound convoy. Penny ETC. Do
intention, however, to ruh Ento anything now in n` big way. The purpose of the new division will be to explore and develop And great care will be taken to ensure that nothing is done to harm exlating customer relation
Penn Bait Co Traffic in the canal ww | Prins, Morris
two Procter di CinsȚible, CA. temporarily halted while
Pinburgh Pants, Glam Publicsegg. IndetESEA tuigs were brought up to clear the ship. The "Puttina", don Proff voloped engine trouble at Kildadio Calpera metro 92 between - Suen Ismail-France-Press.
Open contracts in December The today totalled 64,000 bales. 00% certificated stock remained at 2011 7,581 bales.
09
4314
Monta
Volume Open interest |
10,0X
04,000
63%
29,100
233,700
May
30,200
$14,000
$1,200 171,600
Oct
1B/KXJ
130,600
Dec.
Mar.
,00 1,000
54,800
10,000
May
500
5,300
Totl
117,200
NEW YORK
Prices of cotton futures closed
Invest
2.22 poin
2.10 nom
22.42 50m.
United Press,
New York Sugar
Market
Now York, Nov. 27.
LONDON STOCK World No. 4 sugar futures
MARKET
London, Nov. 21.
failed to materialised,
ob
The clong way ruther mixed today in cents per Jb. us with no definite trend establishe
OF TIN
London, Nov. 17.
A press communique Issued by the International Tin Council today sald the Chairman had the contributing informed producing Governments in the International Tin Agreement that the first subsequent com tribution of 5,000 tons to the Buffer stock was due.
It added: "The delegates of the producing countries have unanimously recommended their governments to make prompt payment of the total 5.000 tons in cash at £730 per ton." China Mall Special.
New York Metal Futures
New York, Nov. 27. Prices of metal futures closed today in cents per lb. us follows: Lead Dec.
Jan
Zinc
Dhee
Jan.
Copper Dec
Jan.
Tin
*(stralia) - United Press.
12.100 9.01
8.07b
34.000
87.75
61.60b
today closed 6 to 1 Exchange Rates
points higher with sales of 542 contracts.
Domestic No,
The
Businak was
38.00
done in
the local uneifista! exchango market This 6 sugar closed morning at the following rated:-
Gen 1.6. döller (per 81) Canon unchanged 10 5 points higher string notes (per ell X640 Most of the cafly weakness in with soles of 34 contracts. Australian notes iper E1) .. stock prices was recovered
Pre-bolisy covering and an Indonesian rupiah (per 1001
glam Meal (per 100) buying which entered the creased trade demand moingapore (Straits) 989.300 baita matkei as anticipated bad news imited hedge offerings.
about President Eisenhowerstock
market recovery and firmness In rows, also helped the undertone.
Contract No.1 (World); You: 5.900; Mar: 3.33 May: 3,13-74; July! cd
Some blue clips were down 343-78; Sept: 3.74; Dot: 3.700: Mar: 15. fou 1.ben: Bpot cents per 100 pence
shilling.
Interest: 5,031 Steel Cubal: 5.63. Open Dol: 33.61; Dec; 3.48 : Marshores were in demand in ad- contracts, 33.47 1; May: 35.41 mi
Contrat No, & (Domestio): Mar: Vance of their dividcods, while sas: Klay: 555; July: 3636) Sept alls were idle except for Shell Bo; Nov; 5.80n: Spot-cents per
lb. ait NY ex-darty): 9,70, Open fa which lost a shilling.
tercet: 766 contracls-United Press. British government
off finished PIC
follows:
Spot: 36.35; Dec: 30.35; Afar! 76% | 36:16-17; Muri 20.13, July: 25.69;
301
NEW ORLEANS.
Prices of cotton futures closed today In conta per lb. follows:
Spot: 33.25; Dec: 30.12; Mar: MÁT 6: My. 2.19 July; 30.0) bi Oct: 23.68 b: Dec: 33,45; Mar 33.45 by May: 33.43,
Colton
PRO
LIVERPOOL
001 Mar/Apr: 2340;
43%
future
closings, in pente per. Ib. were as follows: epstract: Dec/Jan: 13.91. [July/Aug! 20.93) Oct 20.00;
20.07. New contract: Dee/Jan: 27.14 Mar/Aor: 273; Sayune 73; July/Aug: 2739; Oct/Now: YLIJ,
BO PAULO
Colton future closing, în |erjuiefros per kilográm were as
follows:
Juli 2010:, bet!, 3020,
In the United States, the
average price of davidch cotton
bonds Unlied
London Metal Prices
London, Nov. 27. - Prices of metals closed today sterling per long ton as follows:
Buyers Belfers
730 *Tin spot
22014
20411
3-month
Copper spot 1-400th Lead and hal
zmé and fale 2007.
**United Frww.
at 14, designated spot martuita Agreed Merchant Rates
wee 24.65 00ISLE,
Total sales at these markets
Ivore: 94,080
balos
New York Foreign Exchange
Closing rates were Carrada England official
303 7/10
279 05/15 2.78 1/10 Other banged United Prud
London Foreign
Exchange
Cloning rates were: Na ork Montreal
Vilteding. 16-11/18) Min
ing, 10-15/16 T/T, *17.0/D.'·
QUALITY
В
John Buchan.
Historical,
Wkerover
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