1
DING
THE CHINA MAIL, THURSDAY, DECEMBER 5, 1957.
TRADE and
COMMERCE
NEW DESIGNS FOR CANADA'S LARGEST Moderate Turnover On The
RIVER CRAFT
London. River and canal shipping in
Europe is being revolu tlonised, with the Rhine до a pllot and experi mental ground. This is the opinion of large com- panies, such as Krupp, Hocach, Navigation Fran- caise Rhenane, Salzgitter and others which have) been investing heavily in "pusher-navigation" and amphibious bulk carriers. The former are the modern river craft of today; the latter may weil prove to be river craft of tomorrow.
SHIP LAUNCHED
Montreal, Dec. 4. The largest ship.over con- structed in Canada wILS launched here yesterday with the warning that unemployment In the country's shipyards would increase without Federal. government support for the industry.
J. E. Richardson, managing Ltd., made the statement at the director of Canadian Vickers launching of the 20,000-to осо carrier Alexander T. Wood.
"Shipbuilding in Canada is having u difficult Ume,” he said, chiefly due to the high wages being paid in comparison with yards in other parts of the convoye of Ava or world."
force and essential
Today's solution is to replace | the slow Boven bags towed along, the Rhine, by "pusher-propulsion." COMPETITION Large single or twbi barges are "Competition la propelled forward by a "pusher † worldwide and it is und behind the stern of the in my opinion the government vessel. A 10-yard wide wooden should give this problem frane joins the pusher unit to serious consideration," he the vessels. Flinking rudders added. enhance manocuvrability.
Similar techniques have been used on the Mississippi, the Irra- The firet waddy and the Niel app.ication in Europe, using two diesel engines of 030 horsepower, Wis successfully irled by in Navigation Francaise Rhenung
when carly
In October,
11 curried 1,700 tons of ore from Rotterdam to the Nuhr in two borges linked together.
PROGRESS
Only half of the customary
The 578-foot long vessel was launched by Mrs Alexander T. Wood, wife of the President of Wilson Marine Transit Co. of Cleveland, in whose honour the craft was named.
The vessel, largest dry-cargo ship ever built in Canada, wan designed to carry ore from Seven Íslands, Quebec, Lo United States seaports.United Press,
ls needed and this env NEW B.P. TANKER
SUBSIDIARY
entails others. Space for ac commodating the crew is saved which, in
for turn, makes quicker and cheaper building. Beyond the progress of today looms the revolutionary new approach of amphibious naviga- tion. The scheme of amphibi- ous bulk carriers is ploneered by a team of three, the State-owned Salzgitter pany,
Horsuh,
On The HONGKONG
New York Stock Market
New York, Dec. 4.
STOCK EXCHANGE
Our Own Correspondent
Business dine on the
morning amounted to approxi-
tions and the morning's trans- nctions were:
Stocks hold firm on moderate turnover early today with scarcely a dozen issues moving outside a fractional range. Upside features included such missile issues as U.S. Borax, up 14 to
$512, International Business Machines, 4 higher at $817, Foote Hongkong Block Exchange this Mineral, up a point to $45%1⁄2, American Potash up 14 to $42, Bathmately $200,000. Noon quota- Iron Works, 3% higher at $49 and Chance Vought, up 14 to 831. Allintic Renning picked up 1 Stokely-Vau Comp 14 points to 444 in a general-Studebaker-Packard Corp.
Bunshine lining ly narrow all group. Newmont swir. & Co. Mining gained 1% to $71. Texas £25.
to Textron Inc. American Smelting a point $40%.
Western Maryland, off sharply yesterday (5) dividend dis- recovered 1% to appointment, $52%
Improvement
Tide Water Asm. Dif Time Inc.
OAME
Twentieth Century Fox Film Union Carbide Union of of Cai,
Union Pacifle Railway United Aircraft
11) United Gas Corp.
3% UB. Foll "D"
US. Gypsum
20
U.B. Line Co.
U.B. Rubbre
US. Smelling
24.3. Slee! ...
道
434
Warner Brus
Westinghouse Electric
Western Union Tel, Co.
West Va Pulp & Paper
2stixa | Woolworth:
054
2014
United Pres.
SIXTY NATIONS | REFINERS GET
TO DISPLAY
American THEIR WARES
There was fractions1.improve- meal in Du Pont, General Motors, International. Nickel, Kennecott Copper, Westing- Louse Electric, YoLogstown Sheet
Tube, and Telephone.
The market closed later to- day with a total 1,176 Issues i appearing on the tape, 541 were higher, 355 lower, 277 un- changed.
ex-
RAW SUGAR FROM US GOVT
shared Bayern Baligra BANKS JM Bank..
845
058
20 48 16 0.840
SECTION
Page
Canada Imports Salmon From Japan
Ottawa, Dec. 4.
LONDON STOCK MARKET
Fisheries Minister Angus MacLean told the Com- mens today that Canada would continue to Import Japanese canned salmon until 1958. when "ample supplies" of Canadian canned salmon would be available.
MacLean jald that canned salmon had to be imported from Japan because of amali animon catches by Canadian fishermen in 1968 and 1657.
**The canned salmon Indus- try
is of British Columbia confident that tho Lombard
shortage of sockeye salmon la only temporary and that in SHIPPING Wheelock •
0.00 1000 5.00 1038 ample supplies of Cane- dlan production would again DOCKS, ETC. K. What
be available," MacLean sold. 200-218
"Approximately 105,000 cases Provideni.. 11.00 11.30 1000 11.00 of sockeye salmon werd £m- ported from Japan in 1950 and In the same year, about 40,000
and casts of pinks
approxi- of Cohoe were mately 40,000 imported."
INSURANCES Uplow
781
0.00
LAND, ETC. Inc, Hot.. HK Land
Really
HUBDIR Amalg
110 110
18 40
33 33% 184
.1.30
2003
1.25 -1.50 20000 @ 1.25
00000 1.18 1.2755 T000 @ 15
£5
****... 25.00 20
23.60
Trust UTILITIES **Fam
- 21.70 22.90 800 280
600 New York, Dec. 4.
Washington, Dac. 4.
Yaumati today at XD 12.30 1730 Products from 60 or more The government
Electric ... 20.50 27.10 1500 be on nations will
funnelled additional raw
Tel hibit when the United sugar to rafiners in the northeast where a year- States World Trade Fair takes over the Coliseum and shortage is develop- | INDUSTRIALS here for its second Ing. annual Trade Exposition
The Auriculture Department Dary on May 7-17.
also cut the total quola for
In this Wataon marketing raw sugar 20 Taji
country during calendar 1957. CTAW 1360
COTTONS by 75,000 tons to 8,078,000 tons.
Texule
4.50 INVESTMENTE pro- Yangiard
Jovert
New York Stock Exchange bond volume was $5,040,000.
American Stockt Exchange volume, was 600,000 shares.
Dow-Jones elcsing averages
were:
Closing Prices
34 incitafiale: 448.87; London.. 10028 10:04.00. Comin 15 uusies: €7.75; 60 stovies: Part of the British Petroleum
future price index: 103.35, Moody's Company's growing tanker fleet index: is to be operated by a subsidi. ary, BP Clyde Tanker Com- formerly Petroleum and the engineering Steamship Company. This will Alden Inc. AY. of Orenstein and
be managed separately from Allied Chemicals the group's existing shipping organisation, BF Tanker Com-Am. Brake Shoe
company concern Koppel.
Standardized steel containers of 50 lons capocily are used interchangeably on waler, rall end roud, practically eliminat- costs which ing onshipmen!
for bulk commodities, such as ore and grain, account for 40-80 per cent of transport costa
bo
Up to 120 of these 30-fool. long stret containers can linked up to long dragon-ehrped rufts equipped with two on- sincs, one at the bow and one At the stem of the steel-tube raft to ensure easy navigation. "HARBOUR"
pony.
BI
Allied MIN. Eno,
Allis Chalmers
American Airline
The new company will re-
American Cable Ez fladio Con American Cyanamid Co. ceive initially ten kankers, most
Amer. & Forgn. Power of them in the 12.250 dead- Am. Gas & Electric weight tons class, from
Ain. Mach. de Fury. Am. Sugar nef....... Tanker Company. Up till now
American Tel & Tel il has operated about
nine
Anterican Tod. "B" small vessels, mostly tugs, and Anaconda, Copper this fleet of small craft is
Arco Steel 70 Armour...... be distributed olsewhere.
Aslar Cons. Mining The intention behind The Balwin-Lima-Ham. formation of this new subaidi-
Baltimore & Ohio Beneficial FINAZOR ory is to shed some of the
Bendix Aviation Corp. growing adrinietzaljve load | Benguet Cona. Borne by the HP Tanker Com-Bethlehem Steel
pany.
The cylindrical containers can be hauled up on a slipway and placed on railway bogies and, Conversely, they can be winch ed into the water. They can be tilted-so that are carried in these cars can be dumped in factory yards,
inta j straight furnaces and grain on to eleva-
tor
The Art amphibious "tr- bour" was stalled at Dortmund a few months ago by the Hoesch company. Landing installations required a space of only 1,300 Grabbridges and square feet. crane installations can be dis- pensed with. A payload of 50 tons can be landed within 8-10 minutes,
which is about one- The third of the usual time.
to
At present 5 million dead- weight tons of tankers are bc- ing operated in the BP service, Including ships owned by the BP Tanker Company, by asso- ciated companies and ships on charter. 148 tkakers, agate-
2 gating well over miilton tons, are flying the BP Tanker
house fing. Company
In addition, 71 totalling over 21⁄2 million dead- weight tons, are on order the BP group.
tankers,
CHEAP PURIFYING
container is lifted out of the OF SEA WATER
water on to a supporting frame,
mounted on two-axle bogies.
Technical
weight 15
data include:
clearance 13 yards.
for
new been
· London. Sea water may be able to be tons, payload 51 tons, length 13 yards, bogle converted to fresh water at a cost of about 20 cents (U.S.) per
gallons. A Herr Ganzenmueller, of the thousand
economie method has research team of Hoesch, men-
by tho Maxim Company. n leading lencer supplier of sea water distillation equipment to the US, Navy and mary shipping lines.
tlons two mejor advantages:armounced transhipment costs are reduced a fraction, about 2 to 2.5 per cent of the conventional Transport; a payload of 3,000 tons regidres a crew of six, 09 against 12 men needed on river barges.
STOWING HEAVY
CARGO
London.
A special "pair" mast or
Boeing Airplane Borden (The) Co. Burroughs Add Machine Campbell Soup Ca Canadian Pacile H Case (J. 1.) Do. Cat. Tractor
Celance Comp C.4.T. Financial Corp. Clayaler Motors ...... Car Molybdenum |Cluett Peabody
Cokente-Palmoliva Ca Colombian Carbon Co. Commercial Credit Consolidated Edison Continental Où of Del, Crown Zellerball
Cuban Amer. Bugar
Diamond Alkall
Diamond Match Co.
Douglas Alteraft
Dow Chemicain
Eastern Airline
$15
2742
M
24
38
10
1802).
Japan was a major exhibitor ut last year's Fair, with proc- tically every major industry represented,
Oficials estimated the Fair will result in over one billion dollars in new business for the participating nations.
Charles Snitow, President of the World Trade Fair group. sold that attendance 4t the 1058 show should exceed Jast year's "remarkable turnout" of more than 700,000 visitors which included 127,780 buyers from all parts of the world.-
United Press.
New York Rubber Market
New York, Dec. 4. Rex rubber futures today closed 40 to 52 points higher with sales of 56 contracts.
Closing prices: Jan: 24.10; Mar: 20.20-23; May: 2128; July: 28.35; Sept: 28.35; Nov: 28.35; Jan; 28.35. Standard contract closed 40 10 362 points higher with no sales
reported, 437% Jan: 28.10; Mar:
47
May: 28.23; July: 2855; Dept: 2023; Nov 2533
Jan: 2334.
Firmness refected seller cau- is tiousness in face of Indonesian
Cenedi ... 24.00 Amey Can STORES, ETC.
.... 28.70 18.90
13 11.30
130
10.70
300
At the same time it rated among other sugar grow- | HK & r Ing areas market quolas which and Howall, the Philippines Puerto Rico will be unable to Ail, 'Cuba's quota was increased 26,000 tons.
The net result, oficials cold, la to increase supplies available 10 northeastern Teaners by about 20.000 tons without creating surpluses in the South and West where a big increase in year-end inventories is in prospect United Press
9.00
current
INSPECTION MacLean edded that the
Japanese salmon fa inspected in Canada for quality and high | standırd" and that the Import- ed salmon was priced "close to the curreat Canadian market price."
"There is little or no margin of pront for the Canadian im- portero," McLean edded.
The Fisheries Minister said
that Canadian brand labels 10.70 were used on the Imported 13.70 Canned animon, since there aro no Candian regulations against 4009 @ $.60 | the use of such" brand fabela," He and that the words "Product of Japan" had le be conspicuous on the can.
SINGAPORE STOCKS
Singapore, Dec. 5. Brokers today quoted following stock prices: Ratu Kantang Hubber Co.
he
Opening
"As far
as the fabelling of Imported Japanese canned sal- mon is concerned," MacLean said, "I am satisfied that there have been no attempts to de-
ceive the Canadian consutner in so for no the designation of the country of origin is concerned."
"In one or two Instances," he added, "where the Department of Fisheries considered the words "Produet of Japan" werd not sufficiently. .conspicuous on the label, this condition has been corrected by the Importing companies willingly and with-
NO EMERGENCY & Neave Ltd ord.....671 out delay."--United Press.
ACTION,
SAYS MOEWEN
Canberra, Dec. 4. Trade Minister John McEwen told Parliament today no ener- gency action will be taken at present la restrlet the import of cotton plece goods from Japan.
Such a move was recommend- ed to the government by M. E. McCarthy, special advisor on the effects of the Australian- political uncertainties, plus the Japanese trade agreement. and higher ruling of London 31% Indications of An improved McEwen said McCarthy had that the government. domestic factory interest at the wamed 25% higher prices.
position will be closely watched Shipment business was small and urged that Australia obtain and Included sales of three Information from Japanese sheets at 20% cents end four authorities to ensure that the
cotton sheets at 25% cents a pound, Australian
piece goods cost and freight
November industry shall not suffer future shipment out of Thailand. Spot damages as a result of Japanese No. 1 Res here was quoted at imports-United Press. 28% cents, nominal
Dupont de Nemours
182
Eastman Kodak
El Paso National
an
28
Family Finance Corp.
Firestone Tyre & Rubber Ford Motor
40
General Electric
General Foods
General Motor
Gan. Pub. Uu
Getty Oil
Que Co.
Goodrich (B. Fco.
Goodyear Tre
Gulf Ou
Hayden Newport Corp. Homeriake Mining Co. Ingersoll-Rand
Inland Steel Co. Interchemical Corp. Int'l Eistness Machines Int Harvester
The method is an evaporation International Nickel process designed to make full use of the heat available from a power-producing boiler or other
An
Important
source.
heat feature is a way of snapping sali scale from the equipment, so as of to prevent the cmelency operation being affected by the build-up of salt scale inside, the equipment.
The new technique coul be competitive with fresh-water except in a relative-
rangement, the Stulcken. hasly few areas where population
been evolved for heavy weights, moll, rain-fall
such
abundant
as locomotives, parts of ❘ and reservoir land avaliable
oll reâneries, and so on, re-and cheap.
quiring shipment overseas.
This type of must consists of
two units firmly built into the NEW VESSEL
ship's structure but sloped 'ut
D outward
small
with
cabins
ongle, operational control by electrical
Lake Victorin. from means
A now passenger vessol being to the maste them- built in Britain for operallon on attached selves.
Lake Victoria by the East "A heavy lift derrick capable African Railways and Harbours of handling a 100-ton lift or Administration will be able to is installed at the base provide the same service as is between the two most units. It offered by the two existing can be operated in a fore and ¦áléémera on the lake,
more
aft direction in a vertical are of The chip has been designed
a circle, and thus can serve the for service in the tropics and hatch or the dbris spacé forward in
or aft of its position,
If such a derrick were fixed to an ordinary mast. It would be hecessary to tinrig it from #y,
Intended primarily carriage of passengers,
International Paper Inti Tel de Tel_ John-Manville Co. Kanas C. Power & Light Kennecatt Copper
Leggett Myers Tob: Co.
Lockheed Aircraft
SINGAPORE
Despite rather better over- scas advices the market opened around the previous levels on a quiet and featureless market. Later it steadied sharply on news seizure of further Dutch 273 | Arms in Indonesia,
There was a fair interest for 20% lower sheets
remills. and ***Futures:
Loows Incorp.
Lone Star Cement Co.
Lowenstein & Sons,
McDonnell Aircraft (Am
27
28
Block Exgo.)
Mesabi Iron Corp
Minnesota Mining Mission Developbient
O
Batik Boring Petroleum
Byndicate Consolistad Tin Smelters
#
29/64
Hongkong. Tin Ltd.
Kumpu
Fraser & Neyve 7kg cum.
Bro
$4.03 Gammous (alaya) Jathiied $2.24 Hongkong
Shanghai
#450 Banking Corp.
#1
,
£14. Kuala Kambar Tis (exdiv)
Lubas Rubber Estates Eid. Malayan Brewertos
New Berandah Rubber Co.
Ltd.
petaling Tin Lid."
Failies Hotel
Cold
Singapore
London, Dec 4. - The stock market closed easier today in one of the lightest trading sessions In several years.
British Government issues after opening firm weakened later in the day and closed fractionally lower,
Blue chip industrials word mostly lower except for strol shares which rose as much as a expectations of
on
shilling favourable dividenda.
Most all issues réirented by one to two nililings.
Japanese liens Improved in an otherwise dull foreign
market.
bord
Dollar stocks were 101- changed.-United Press.
Fly PAN AMERICAH world's most experienced airline
London Metal EUROPE
Prices
London. Dec. 4. Prices of metals closed today
$2.4734 in sterling per long ton as $2.4712 | follows:
1
$2.5116
Bugris Seller
Storage
Tin spot
73015-
$9.91
3-month
71735 718
1.841
Copper, spot
18015
$10.00-month
Lead ist half Dec
190
101
1024
11
Mar
77%
Zine jet halt Dec
66
6514
United Press.
(cumdiy) Strails Trading. Straits Steinsllp United Engineers Ord. Weare Brow, tcundir)
$1,24 3.10
-China Mágil special.
NEW ORLEANS COTTON PRICES
New Orleans, Dec. 4. Prices of cotton futures closed today as follows:
Brot: 36.21; Dao: 3938; Mar: 36.29; Dec: 33.99; Mat: 34.00; May: 23,49. : 35.49) July: 3417, det: 73.99:
LIVERPOOL
10
Colton future closings, pence per 16, wire as follows: Old contract: Dec/Jan: 24.20 Mar/Apr: 21,001 May/Jime; 26.04;
NEWSPRINT FROM July: 881-85; Oct/Nov: 3730
CHILE INDUSTRY
27.80) Naw contrači: Dae Juh! Mar/Apr 27 29: May/Juniz: 27.78; Jety/Bept: 31.10: Det/Noy: Tim- SAO PAULO Colton future closings, irt cruzeiros per idlo were 26 Santiago, Dec. 4. follows: Chile's. intent
The nowsprint manufacturing and exporting Industry passed an important milestone yesterday when the Chilean sleamer Ancud salled from Valparaiso with 760 tona of newsprint for She Buenos Aires newspapers. 8742-0914
Aires 010-821 La Presa of Buenos
La Nacion will get 500 toru;"
1 No. 1 rubber per lb. ee. 78-70
Jan. 791-79% No. 2 rubber per lb. Doc. 17574 No. 3 rubber per . Dec. 24% No. 4 rubber por lb. Dec. 745 Spot rubber unbaled ........... 7814-20 22 Blanket repė
316) No. 1 pale crepe
Montgomery Ward
Montorola Inc.
National Cash Reg. "A"
3412
National Dairy Prod. National Lead
National Stoel Corp
New York Central...
Kortolk & Wastem Ry.
Clin Mathléian
Otis lovetote
Owen-Unuta Chiasa
Oxford Paper Co.
Prelle Gas & Elec. Pan American Airways Paramount Pictures
Parko Davis Co.
Penny J. C. Cu. Penn. Balt Ca Philip Morris Proter & Gamble Co. eltsburgh Plate Glass Publickar Industries Pure Oil..... Radio Corporation Republic Steel Reynolds Metal Sears, Roebuck & Co. Shell Oll Co. ..
for Saint H
The cost of the vestel includes the bolt aembly at the builders' yard, dismantling into
the Kft side and fit it on the fore sections suitable for shipment io
skła.
East Africa, and final erection The time this mayed coat Kirimi. *This is normal tributes
to cutting down the practice; all the Administration's time spent in port loading larger veszély have baca and/or discharging.
doduced là thủ m
Blockr
Paper
Sony Mobiloil soli Alecraft Bouth Pueria Bies fugar douthern Co. (The) Bouldern National
hallway (Com) Berd Brands
Standard On of Cal standard of of Ind. Standard O DE NJ, starp Hock (Toronto Steding Drug to.
LONDON
Breat
3.70: Mari $2.10: May; 41.80; July: unquoted.
In the
the United States, average price of one-inch cotton at 14 designated spot markelj was 34.71 cents,
Total sales at these markets wend 68,773 balos. United Press,
The rubber market was firm 100 tons and La Razon 100 New York Foreign
37% 1134 "with spot quoted at 5/18 pencu
16 higher at 234.
4351
53
Prices: No, 1 Fima apot: 23%. Settlement house terms: Jen: 2714 2314-24: Feb: 44-11; Mar: 2416-541 July/Bepl Jan/Mart 245-14: Oct/Dec: 248-243%.
General markets, eit basis, poris; Dea: Z3-23
free patate crepe thin pec: 25f4:" Jan 2434.
48
314
4155
4314
4
Jen:
AMSTERDAM
The rubber morket was quiet.
First export shipments of Chilean newsprint were made recently to newspapers in Bolivia and other points.
Chilo's
Exchange
Now York, Dec. 4. Closing rates were: Canada ..... Degland official
own consumption need are being supplied by the local paper mills, with a sub Austral stantial surplus for export. United Press,
Prices closed today in guilders New York Metal
per kilogram, cif December as
as follows:
301 No. 1 rubber
24 No. 4 rubber
No. # rubber
T
2016 | No. 1 trepe
$20 buyers 2. buyers 2.18 бруств 1.18 buyer United Preps.
NAMESAKES
· Answers--1 Khan; 2 Muslim
8 Mohammedan, 4 League, d Mosque, 0 Arabia, 7. Potroleum,
Cadillac.
Kid Baus
Futures
Now York, Dec. 4. Pelces of metal" ruturea" closed loday in cents per Ib. as follows: Load Dec.
DU-day
New, Zakirn South Afries Exrectl T
J
Pakistan
Umied Press.
London Foreign
Exchange
London, Dec. 4.
Closing rates wycho AW ZOEK
Montreal Amirdim
*11356
11.589
#915
243:
Parke
Zina
Dec.
Copper Dec
Dec.
---United Přán,
Copentuaren
Exchange Rates
the local this
Business was done in unofficial expiange market morning at the following raten: U.B. dolar (per 11)...... sterling notes (per £11 Australian natos, (per 21) Indonesian rupiah (per (90) .. 15.00 2018 Singapore (Stralis)
121 Slam teal (per 100)
16.27 12.47
and the
USA
For saservatioca,
call your tjural speed or Alexanden Hosen, Phúce 37931, Hạng Pony
RAN AMERICAN
In Jam of Mom York, 17,5l dhi whað klyktet kipagtig
DECEMBER 8,
1941
a three word sentence
“Climb Mount Niitaka"
The message in code was to launch the greatest act of in the treachary i
history of war
C
A DAY OF INFAMY
by ∙Walter
Bagins exact Sørd
years
later on December 8, 1957
In thi
HER