SHIPPING
CHANGING OF SHIPS' DESIGNS
London.
has been confined to parzsenger liners, where lighter-weight high up in the ship adst stablity (and saves displacement,
her
The 18,750 gross tons · Nor- wegian-American liner Bergen- afjord, built last year for the Norwegian American Line's The effect of outside events trans-Attanile trade, has
on ship design and con-complele structure above the struction in variable. It promenade deck the highest has
that steel deck extending fore nfl-built of aluminium, welded, and resulting in a weight saving of 500 tons.
#2122
All- nel
Haid been greatest progress is made when freights aro bad
Contemporary with the grow~ ⚫ and When slump con-
ing employment of light metals ditions exist in the ship for superstructures of larger building and marine en-ships is the use of plastics and alled materials for cabin bulk- gineering industrien. People who believe this refer heads, cabin Stments, furniture to original ship layout and pro- and decoration, pulsion produced by the Ger- when mans during that period normal shipbuilding was denied to them after the second world wer. On the other hand, no one can deny that a period of full high freights order books and in the last few years has also resulted in some unique designs
and methods of propulsion which will materially affect the ship of the future.
CONVENTIONAL
The changes going on in ship design have not passed life- Flur- caving appliances by glass is being used extensively of today for the construction
feboats.
THE CHINA MAIL, THURSDAY, DECEMBER 12, 1987.
TRADE
and
COMMERCE
Wall Street Stocks Hold
In
A Narrow Area
New York, Dec. 11.' Stocks held in a narrow area through most of the session today with a rally from the lows developing in the last few minutes of trading. Traders concluded that the stock market had shown remarkable restraint against a decline in the face of many adverse items in such major lines of business as steel, automobile, and railroad plus a rise in un- employment.
On this basis some turned to Sterling Thug Co. the buying side and some bears Stokely Van Cay, Staebaker-Packard commit-Sunalne. Mining covered part of their
Sunt & Co.
ments
Du Pont turned a
loss of Textron Inc.
nearly a point into it rain of more than a point. US Tabacco run up more than a paint and The conventional postion of
set a new high. Polaroid madic these on the hull is now being a new top on a rise that at i questioned, with a view to sec-high amounted to more than 4 Three factors have conspired ng If these weight-taking appli- points. to bring this about, tw, grad Cronot be housed in spaces and one sudden. First it the dewithin the fore and aft hull mand for bulk cargoes, the ines, This is to be carried out opening up of new bulk cargo in the ease of the new P. & O. routes, and the call for ships to carry iron ore, either separately or as an alternative to sil; bauxite; sugar in bulk and U.S. cool across the Atlantic.
FUTURE
ner, where
the boats will be nearer
low down in the ship. the water, not thus again will save top weight,
their
Though Brehonts are not like- ly to disappear completely for
generation, erhaps a hitherto unquestioned value is being assailed by thor who be
leve in the safety and work- rubber of Inflatable of abiitty tons ilushies. machinery To sum up, mainly been
This has affected the future of the standard cargo carrier, a shelter-deck tween-decker between 9,000 and 12,000
with deadweight amkkhips, Its place
hinery.
115
f
is being the three prline factors mention- taken by specialised cargo linersed above, a reassessment of kujt with machinery aft. and some-layout is taking place. Not only times the bridge there alse, and the position of machinory, but with compact propelling muc- the type employed, is being
examined. Our reason for tak Secondly, in recent years linering propulsion machinery services have suffered from slow compact as possible is the ever- to de- hercasing hotel load, to which turnaround in part due
and refrigera- layed carge operations. This has air conditioning
guarantee lon generously contribute. made it difficult to
passenger A trans-Atlantic fixed schedules. The result has
of uneither of 20 knoty speed requires construction heen the ship, the Southern Cross, to carry 90.000 sh.p. On the hotel side passengers only and no freight; lotni nir conditioning requires at and the total least 3,000 h.p. and a tendency in the P. & O.
45,000 hotel load is about 6.000 kv. Line new and Orient
For such ship there is, as for tunners to cut down cargo space to the minimum. The time has ala propulsion is concern- come when the passenger liner will merit that term in the true sense of the word, and this is already having a big effect on design and layout.
SUEZ CRISIS
Thirdly, the Suez crisis the duabtful
future
ed, only one alternative to gear- water tube drive. turbo-electric ed turbines and boilers; With modern boilers 90,000 h.p. can be supplied by three units.
engine
On grounds of fuel consump- tion and perhaps on nuitaten- andance, the gas turbine does not attractive of that appear universally waterway has caused shipown-10day. Up to powers of 20,000
Wesel ers to ask their naval architects per shaft, the direct-coupled, to produce ships capable of direct-reversing operating economically from the burning border oil has much to
the Middle recommend it. Ile position Far East, or from
being challenged by free piston oil Enst oil fields, round, the Cape.
areshers and by high-speed Some tanker owners
driving the some planning ships of between 80,000 engines
deadweight through gearing. anal 100,000 tons with speeds of up to 17 knots. passenger ships,
New
eargu
liners, tankers, or bulk carriers, JAPANESE TOUR
intended regularly to trade from
the Far East or Middle East to U.K.-Contine
vr
is
Sulphur shares continued to respond to firmer lees. Lukens Hained a point and Inland mor
then a point in the Bitch group, Paramount rose more than 2 in
Tou up nearly 2 the amusements. Union Carbide
nad. U. S. Chrysler
Steel insocs. halved carly
Olls d veloped a better market with Jersey Standard leading the;
market whole
in turnover. Parke Davis was a strong spal in the drugs,
The early decline brought any issues to new lows for the year and lunger.
Of the 1,181 issues traded, 507 declined, 389 advanced and 246 held unchanged. A total of 107 and 8 stocka hit new low touched new highs.
UH, Fall "D"
Jo 10%
United Gas Comp,
Corp.
30.3. Gypsum
7
U.S. Line Co.
202 1.9, Rubber.
641
11. Steel...
21
40
Zi
Tide Water Amn. Ou Time ine, two Fam Twentieth Century Unfon Oil of Cal. United Aircraft
U., Amelting
Warner Bros,
Westinghouse Electric
Western Union Tel. Co.
271%
2426
HONGKONG STOCK EXCHANGE
Our Own Correspondent
Business done on the Hong- Stock Exchange thla kong morning amounted to approxi-
Noon quota- . mately $270,000, tions and the morning's trans- teilons were:
Bhares
BANKS
HK Bank
Buyers Bellars
Sales
050 10045
2914 INSURANCES
50% Lombard ...
19 Union
32
424 West Va. Pulp & Papnited Prem.
54
NEW YORK COTTON MARKET
Now York, Dec. 11. Cotton futuros turned irre- gularly lower from a pro- vious two-day rize which lifted current crop months to seasonal highs.
net
Closing about mid-way bc- tween the highs and lows for the day, the list showed losses of 4 to 10 points. Opening prices were up 4 to off 4 points. New Oricans elosed off 6 to 8 points.
NEW YORK RUBBER MARKET
New York, Dec. 11.
DOCKS, ETC.
K. Whert..
100 70
117
*6.00 100 4.85 2,000 LT 56 1.00035
Pvident (0) 11.40 1170
Wheelocka.
0.00
LAND, ETC.
LIC Hobel 14.70 15
IHK Laod
Humphreys Feally
A. Nutter
1. K.
UTILITIES
Tram Yournal
Rex rubbar futures today Electri
to 20 pointa
cioard 10
higher with sales of 199
contracte,
Mar:
324 35% +
100 33 13.00 1.33 1,40 5,000 1.33
1.40 10,000.0 1.375
SECTION
Soviet Loan
Page
To
Egypt: Final
Shortly
Talks
Cairo, Dec. 11.
The Egyptian Minister of Industry, Mr Aziz Sidky, has announced that he will visit Moscow shortly to arrange final details of the Soviet 700 million rouble economic loan "without strings or conditions” which was agreed last month.
of
Priority projects under the loan include an expansion iron and steel production, at present 200,000
one annually US COTTON
AND RICE FARMERS
to 600,000 tons, the construction of a shipyard at Alexandria, the petting up of a locomotivo and tractor Industry and of all re fnerles, the import of drilling and mining machinery, for oil... and mineral exploration, and a coking plant,
The Minister said the loan would tide Egypt over the most 22.50 celtient phase of the Five-Year Plan. So far only E£20 million 203 17.10 of a total of Ee 160 million re- 1.100 e 2710 quired in foreign exchange had
600 14 20.00 I been invested.
2006 24.50
$1.00
23.40 22.70
300
C. Light (0)
XD
B7
17.20
23.00 20.80
1,000 28.70
2002670
23.50 29.80
000 r 28.20 21.GO
27.39
$0.10 10.00
11.00 11.00
14
Teleptrang INDUSTRIALS 30.30: May: - Cement
Jan: 30.25; 30.03: July: 20.00; Bept: 19.76; Nov: STORES, ETC.
Dalry 20.00: en: 29.56.
Standard contract closed 10 Watson
to
20 points higher with sales reported.
כון
30.20; May: Jan: 30.23; Mar: 30.06 July: 20.00: Sept 29.75; NOV: 29.09.
away
After early strength, prompted by the rise at London, terminst
prices backed market from the highs under re-selling by early buyers and incretsed New York Stock Exchange
December
int!- hedge offerings. liquidation,
of the bund volume wi: 50,180,000.
American Stock Exchange cipating expiration
contract tomorrow, joined volume was $20,000,
Dave-Jones plusing aretages were weakness in grains, and
439.20 slow-down in textile market 50 industrials 20 vals
07.75 netivities in putting prices 245 on the defensive after a mixed
85.40 start. 191,18
15 utiles
65 utneks
Comun, future
40 bond price index
Closing Prices
Allied Ms Inc. Am. Drake Stre American Abline...
Am. Cables & Corp. American Cyanamid Am & Forge, Power Ain, GRB & Mectric Am. Maci & Fday.
Americon Metal
American Smelling
Am. Sugar Jef.
Amerien, Tel & T Armco-Sicel Armour AU-E
Cor Mining
Beneficial Finance
Benguet Coni.
Boring Airplane
Bendix Aviation Corp;
Burroughs Add Machine
Cu,
Bordea (The) Co.
Compbell Sony
Case (J. 1.)
Cat Truelug
“
American LOS ANGELES PORT.1. T. Financial Corp.
ports "via the Cape must in- trease in overall alze by me
25 per cent in order to maintain
a reasonable schedule.
All these factors luvalve a re- assessment of ship layout und Although conven- propulsion. tional steam und diesel machin- be- cry still enjoy popularity cause of their known qualties, attention is being devoted
alternative methods
which
either high speed oil engines driving electrically
Thirty-nine
Los Angeles.
high level und officials
Commerce
recently Diamond Alkali
Japanese Chambers of representatives took a two-hour boat tour uf the Port of Los Angeles as guests of the Board of Harbour Com-
missioners. or through
welcomed were even perhaps atomic propulsion, Acting Mayor John S. Gibson,
Chore Manhat. Bank Climax Molybdenum Chiett Peabody Colgate-Palmolive Co. Colombing Carbon Co. Commercial Credit pa.. Contutenial Oil et Del. Crown Zellerbach ... Cuban Amer. Sugar
Diamond Match Co Douglas Altcraft Dow Chemtents Dupont de Nemours
Eastern Airline
Eastman Kodak
El Paso National Gas
General Electric
20.05
NEGLECTED
Factory consumers continuod with Indifferent, despite reiterated re- the ports from Amsterdom that very would be shipped little rubber
out of Indonesia during Decem- ber. which ordinarily should affect the March position on the terminal market.
However, consumers appeared to be unconcerned about possible May deliveries were relative-interruptions in the flow of sun- ly neglected. Scattered selling plles, paid little heed to offer-
that sector coincided with ings in either
in
летуз
Benson's
LONTON Texulo
Nanyang
4.00 4.50 9.10 2.30 1.300 + 9.20 1,278 1.325 22,720 és 1.30 1.000 € 3.33
MISCELLANEOUS
This .... Rubber
Yangleze. Ayer Tawali Sungala ....
1.30 2.15 3.27
1.43 3.35
New York Sugar
Market
New York, Dec. 11. World No. 4 sugar futures today closed 2 to 9 points lower with sales of 469 contracts. the shipment or
contracts Domestic closed unchanged to 2 points lower with sales of three con
rents.
of agriculture Secretary deliveries markel. Spot No. 1
Ass was quoted at 30 for dis- request
nominal. 11eretionary authority to lower
price supports on basis crops.
Uncertainty over future farm legislation
SINGAPORE
No.
G
Now
THE GAP
another E£62 million would be provided by the Rus- sian loon and the remainder could be raised from Egyptian exports. "The Egyptian economy is well eapable of bridging the gap," Mr Sidky sald.
He added, "we would wel- come, however, assistance from any direction.
We are always open for concrcle proposals, but no such proposal has been re- colved of late."
The Minister announced that board would shortly a specia! he set up to administer the loan and decide what proportion of private capital could be invested in the projects.
REPAYMENT
Plan
Washington, Dec. 11. United States cotton and rice
tight farmers are voiling "overwhel mingly" in favour of planting curbs on the 1058 the Department of crops, Agriculture reported here.
The Department officials sakd 4,172 or 83.6 per cent of the rice growers in ten of the 12 rice-producing states had voted for production quotas.
new
ог
They sald that 125,204 9.51 per cent of collon growers favoured planting onwols with of the vote about 60 per cent reported. The
would controls permit 83,288 acres of extra long staple cotton, 17.4 million cotton and of upland acres
RCTCS 1,852,086
of rice to be grown next year-China Mall Special.
NAMESAKES
Whorever
you're going...
Answer:-1 Writing, Figure, 3 Muscios, 4 llustrate, 7 0 Painting, Experience, It was expected that each pro- Mystic, 8 Bellet, 9 Poetical, 10 jeet would repay its own share Anatomy, 11 Sketch, 12 Inno- of the loan once in production. cence.
William Blake. Five-Year Exypt's nunched early this year, would national Income by be completed by 1960, It would and raise the E£130,000,000 per year tracts.
Liquidation weighed on the provide jobs for half a million
it workers. world
contracts, come of
The Minister also stated, "If particular equipment, can officials there minimised
ira-any feld not be obtained in the Soviet portance of the
Union we understand that we in forces
can get it from other Socialist burnings by rebel
countries." recent weeks,
But other New York quarters He stressed that all equip
the under ment purchasei were not so generally confident about the Cuban outlook.
Soviet loan would be suppiled Elsewhere, dealers under-
Mail Special, rown for Dec/Jan. Brazfilars shipment and was believed in- !
three terested in another
The market opened at slight heightened with decline on last night's prices. I w
cane
overnight news the overwhelm- Sheet covering and fresh buy-credited to Cuban government
of marketing Ing brought prices higher with ing approval control by cotton growers in profit taking well absorbed. Tuesday's national referendum. Reports that Indonesian quer- rilla activities caused the price to jump to 87 cents and there was good buying in an active market.
48% today for
Delivery nelices were issued 1,700 bales afainst the December contracts which will be cxpired in the nocu hour tomorrow,
Mouth
Volume Open interest
Dec.
7.500
20,300
Mar
41,000
240,000
May
23.700
320,700
July
28.900
100.500
Del.
12,000
141,800
301 Dec.
20,000
63,700
Mar,
3200
23,100
4014 x
ATAV
2.700
11,700
Total
40
4514
473
Prices of
cotton futures
18 312
closed today as follows:
6530
100
3016
77%
Proft taking at higher levels stood Chira bought a cargo of at international prices. — China
stopped
Kain, but the market closed very steady.
Futures:
No. 1 rubber per lb. Dea. 001%.87 JAD, B011-061
No. 2 rubber per lb. Dec. 2-4 No. 3 rubber er to. Dec. 82-82% No.4 rubber per ib, Dec. 7914-80% 133400 1,023400 bales | Spot rubber unbated ........
741-20 NEW YORK
82-51
90-87
London Metal Prices
London, Dec. 11. Prices of metals closed today late Tuesday, accepted # bid in sterling per lang ton
or
lanket prepe
No. 1 pale crepe....
four cargoes. The Sudon bought of Famosan refiner cargo
half January ship- for first meat,
Indi. Other Havana reports cated the Cuban Sugar Institute
LONDON
2524-20
futures
Settlement house term:
follows: tho The rubber market was un-for 100,000 tons of raws,
average with spot quoted at price will be
price acial world spot
spot less Tin certain
Prices: 25 pence per lb.
3 points covering the period copper spot No. 1 spot
of Jan, to Oct.
The
3 month
Jan.
26-2011
Feb.
201-2825
Mar.
20-02
Jen/Mor,
20-183
Apr/June
204-26
Julg/Sept
Spot: 33.0: Deu: 30.10; Mar: 06.81; May: 36.31; July: 35.20; Oet: 71% 34.73: Dec: 34.03; Mar: 33.85; May:
33.70.
NEW ORLEANS Prices of
cotton 25% closed today as follows: 241 Spot: 38.65: Dec: 30.48; Mar: 30.01; 10 May: 30.21: July: 34.15: Oct. 33.95. 38% Dec 33.06: Mar: 33.83; May: 337). 0214
LIVERPOOL
EUROPE
USA
ORIENT
0.9
Buyers Sellers
(0)
130%
731
132
175% 170
ROUND
180
18012
ர
09
70%
TOEP
01
01
hinery af and the bridge and vice-president
accommodation as nearly above Angeles Board of Harbour Com-
Bernard the machinery as possible is not missioners, and
Oct./Des
General markela, cif basis, perist
thin Dec.
gearing, free piston gas genera- tors, gasifers and turbine,
Family Finance Corp...
Firestone Tyre & Rubber
and
They
by
Ford Motor
are receiving attention.
The tendency to place
Jr., Lloyd A. Menveg and mac- Ellon Spires,
president
the of
General Foods..
Dr
General Molcm
35
and
Gen, Pab. VIN.
Los
Celty of
Glidden Cou
30
Goodrich (8. Fito.
6
.J.
Goodyear Tyre
of
Chu Dit
112
Heyden Newport Corp
11
Colton future closlugs, in 37% pence per lb. were as follows:
20.34; Dec/Jani Old contract: Mar/Apr 24.34; May/June: 97,01 July/Aug: 20.01 Oct/Nov: 20.79
Now contract: Dec/Jan: Mar/Apr: 27.10; May/June: 27.91: July/Aug: 27.91; GeV/Nov: 27.71.
Dec. Jam Feb.
27.34:
Flats crepe
Homestake Mining Co,
SAO PAULO
Ingersoll Rand
10
00
Cotton
future closings,
Interchemical Corp.
35
cruzeiros
per kilo were
as
International Nickel
follow:
International Paper Int'l Tai & Tel
JU
2011
25
30%
12
the port.
a prerogative of bulk carriers; it Caughlin, general manager is extending into the dry cargo ship field, in which benefits are
Menver, who recently vislied rolned by employment of the widest part of the ship-amid- the Philippines, Hongkong and Japan, reminded the group of ships for cargo carrying.
This Idea is gradually malding the "great and growing Import- its presence felt in the passenger ance of maritine comuneree" be- liner field,
turbo-electric tween Japanese ports and Los and machinery Is boing placed at the Angeles Harbour. In fiscal '57 gent att end of the new £121⁄2 mil-(ending June 30), Japan Hon passenger ship
port. Thus of 45,000 360 ships to this tons gross under construction at for the third consecutive year, the Belfast ohipyard of Messrs Japan led all other foreign Eag Harland and Wolff.
arrivals," he said.
It is reported, 100, that the "Reflecting this upsurge in 1a shipping, Japan last year took Canadian Pacific Company considering a similar arrange more than 90 per cent of the ment for its proposed third now iron and steel scrap and 85 per cotton exported passenger ship for trans- cent of Atlantic services and for cruising. through this port, as well as large shares of other exports ADVANTAGES
important to this area," Menveg
In a passenger ship the ad-added. vantages of placing machinery
afl are clear; those portions
tho
"Japanese goods arriving at
of Los Angeles wharves in vast
Inland Steel Co.
John-Monville Co.
Kansas C. Power & Light...
Kennett Copper
Liggett Meyers. Tab. 00. Lone Biar Cement Co. Lowenstein & Sons. McDonnell Aircraft
Stock Fage.)_ Mesabi Iron Corn! Minnesota Mining Misian Development Monsanto Chemical Co. Montgomery Ward Montorola Lan. ...... Naliun Cash Reg, National Dairy Prod. Nations) Lead National Steel Corp. New York Central Norfolk Western Ry. Olin Mathieson ... Qila Elevators
wen-linols Glass Oxford Paper Co. Facilio Gas & Elec. Pan American Airways
BAUER Pictures
Doyle Co.
Penny J. C. Co.
Penn, Salt Co.
| Philip Morris,
Procter & Gamble Co. Pittsburgh Plato Glass Iubitcker
Pure Qu
hustries
Radio Corporation
Radio Corp, Prof.
Republic Steel
Reynolda Metal
the ship from the engine-room quantities included hardwood floor to the top-most deck which lumber, vencer and plywood, with machinery amidships aro pinte glass, toys and furniture." Before making a complete accupied by Ught, alr ani vont
28-mile are tour of the harbour's spaces to the engine room now available for passengers. waterfront, the Japanese.party Complete clear deck space in Inspected the $12 million cargo-
terminal is only pastanger the fore and aft sense
lensed by Hmiled by essentials such as Matson Navigation Co. watertight and fireproof bulk- The important dolegation, heads and by the area required which included the mayors and The other officials of Japanese eltics, for air-conditioning units.
Los Angeles after came ta ́modern ship, particuarly on the
fourth Blennfal Amela Atlantic run, is air-conditioned attending the
Arun Pacific throughout.
Conference of Socony Mobilo Some Alterati Prealdenis Mayors
of and These changes are being ac companied by Corresponding Chambers of Commerco in San alterations in the materials used Diego. They, represented Tokyo,
Yokoham for construction, particularly the Kobe, smployment of light malals for Cuske, Metsuyama, Kyoto and Hitherto this | Hiroshima.......... superstructures
Nagoja,
Dea: 20.00: Mar: 41.00: May: 40.50; July: $0.00.
In the United States,
the
average price of one-lach cotton GOPA at 14 designated spot markets
291%
11
(Am.
shot of co.....
Serra, Boebuck & Co.
saint Reg. Paper
·South 1'uerto Rico Sugar Southern Co.: (Time)
Southern National Cad
1 Southam Hallway (Com)
Blenderd Drande
·Standard ChI OF NET,
war 34.98 cents,
Total sales at these markets
were 90,132 baico United Press
LONDON STOCK
MARKET
London, Dec. 11.
The stock market closed
thick Jan.
AMSTERDAM
The rubber
wa
market Irregular. Prices closed today in guilders per kilogram, cif Dec. as follows:
No. 1 rubber: 244 sellers: No. 2 collers No, a rubber: wellers; No. 1 crepe: 255 nom.
-United Press.
London Foreign Exchange
London, Dec. 11, Closing rates were:
New York
Montreal Amsterdam Brussels Copenhagen Frankfurt Milan
Pari
steady today on light Blockhoun
trading
03
Vienna
investment Zurich
funds were tied up in the
reportedly heavily over-
Contract No. 4 (world): Jan: 3.80; Mar: 3.75-70; May: 3.20; July: 315; Sept: 3.78: Oct: A Spot (cents per lb. tob Cuba): 32.
Open interest: 6,168 contracts. Contract No. 6 domestic: Mar: 0.39; May: 5.63; July: 8.78; Sept: 8.18; Nov: 5.81; Spot: (cents per 16, eff NY ex-thuty} unquoted.
Open Interest; unquoted-United Press
SINGAPORE
STOCKS
Singapore, Dec. 12. Brokers today quoted the following stock prices;
Balu Lintang Rubber Co.
Ltd. Brun Borneo
Petroleum Byndicato Consolidated TA Smelters
Opening
$1.775%
40/-
2.801|--2,30-5/16) Camsobe (Malaya) Limited 2.32%
$400
$1.0734 35/0 Lunes Bubber Estates Ltd. $1.04
Ord
20/04
Traser & Neave Lid end... Fraser & Neave 71% cum.
$2.725
Hongkongk
Shanghai
10.817-10.61% 130.03-10.98
Banking Corp,
Hongkong TM Lad.
102895-12
Kumpa
Lid.
Kuala Kampar Tin
5
1440) -13,60%
Millayan Bruwerian
$3.4%
New Berandah Rubber Co.
Lid.
$3,05
-United Fress.
Petaling Tin It.
$3.00
| Rafles Hotel (odcb)
Cold
$2.60
Kiorage
$0.00
$10.00
$1.34
3.15
subscribed British Petro New York Foreign
leum bond issue.
Git-edged pecurities gave a
Exchange
slcadler tono to the
Iirt and
prices closed with widely, sont-
tered fractional, galas, Shell and British
Petroleum Caneda
New York, Dec. 11. · Closing rates were:
2.00-0/10
pnotical
260-218
279-0/10
ENDA
AL-6/10
114 edvanced fractionally in an imagland ontiefel **********
32% | prayed oil motor,
4512
Issue Industrial Lending
favourable Aunicužim close strong on
New Zealand 2745xd corporate and dividend now
Bouth Africa Gold when declined Dollar Argentina
Un guay Satocks
adjusted to the
India $10 forsk of Wall Steel's closing-
United Frem
wers
200-12/10
32009
Singapore
(cuindi)
Birita Trading
Straits Steamship United Engineers Ord. Wearne Brow. (call)
--China Mail Special.
Exchange Rates
J-mon
Lead Is: half Dec... Lead at half Mar, Zine 1st half Dec.. Zine 1st half Mar.
BI -Unlied Press.
New York Metal Futures
New York, Dec. 11. Prices of metal futures closed today in cents per lb. as follows
bec......***
Lead
Jan.
Zinc
Dec
Jan.
Copper Dec
Jan.
Tin
Dec.
Таг
11.650
11.455
#.050
3.00b
23.351
13.55b
91.736 (Straits) 21 BOD
-United Press.
THE
WORLD
You can fly there an the world's most experienced airiino For reservation,, call your travel agent or Alexandra House, Phone 37031, Bora Kon
PAN AMERICAN
Pas American Walt disneys, Ink, Busacperated ha she ate of New Tork, 11. As with zemí Baking
Die Stamping
The South China Morning Post, Printing Department is equipped with modern dis-stamping facilities.
REGIMENTAL, SOCIETY and CLUB
CRESTS & EMBLEMS.
TRADE MARKS.
FAMILY COATS OF ARMS.
and MONOGRAMS,
etc., etc.
Call and inspect ́our samples
Duelhem was done in thSOUTH
Enofficia
exchat,
morning at the following raks:---- Un dollar (per $13.
Sterling note (pay £1)
Australian notes (per 212
Iridioneman etaplah (prar 100)
Orders accepted for Steel Dies
and Copper Plates.
CHINA MORNING POST. LTD.
Wyndham Street. Telephone 20002