SHIPPING
TOURISTS OVER TANKER RATES
THE PACIFIC
New York,
REMAIN DEPRESSED
London.
Nearly half
million Work tanker freight rates tourists will be able to have fallen during the last cross the Pacific this year. three months, according The
latest average Pacule Area Travel to the Association, representing the 20 freight rate assessment countries and Inlands bordering
by the London Tanker on and in the Paelle Ocet), re-
Brokers Panel, and ports that the air
sca
The Panel has declared
average and waiting for the Jet age present weighted (only two years eft) are offer-world tanker freights lo ing the most travel opportunities British yet in 1958.
carriers, far from skiing back
to
the of
be
THE CHINA MAIL,
THURSDAY, FEBRUARY 6, 1058.
TRADE and COMMERCE SECTION
Vanguard's Failure Plays A HONGKONG Drop In Consumption
Part In Stock Decline
Now York, Fob. 5.
Stocks declined today after rising to new highs since October 4 in the previous session, It was the third setback in 10 sessions and market men considered it normal procedure. Failure of the Vanguard to put a satellite into orbit played a part in the
decline which centred on industrial shares. fairly well.
The market had several things Unlied Aberah
United Gas Corp. against it, including some price 0.8. Toll "D" cuts in stainless steel, curtails. Gypsum ment of expansion by steel companies and a dip below 1957 the
in electricity output.
Ministry ür Transport Scale No. 2 plus 27.3 per cent, Ninety-five thousand people This Indicates a decrease of 2.7 from the United States will be per cent on the assessment made able to cruise across the Pacific) as at October 1, 1957. In terms the Nether- this year. The tices-Paclite of a voyage from
West Indies to London, i airlines, will be able Lake Int
repre- the average assessment 308,000 mere.
PATA, about to hold its 7th sents a foll over the last three
Pacific annual
Area Travel months of 10% pence per ion.
Recent reports show Conference, February 17-21 Santa Barbara, California, also number of laid-up tankers has risen to 162, with an aggregate reports:
and il 2,210,430, tonnage of The
Thiers, now
the seems that even more tankers passenger service between
United United States and Paville ports, will be laid up as the will be joined by a 17th ship in States in cutting down its Morch the Peninsular and Imports and there are still Jarge Oriental Company's "Himalaya." stocks of fuel in Britain.
Heavy reductions in rates are Able to accommodate 1,159
by brokers she'll not envisaged passengers each wing, Join the Orient Line's four ships tunkers are already operating at and the Matson Line's Mariposa uneconomie rates.
16
the un
in
South i
as
the
Raics for tankets from and Monterey
Persian Gulf to Britain/Con- Pacifle run.
Altogether, this year. frominent of Europe were quoted nt Scale minus ST1⁄2 per the U.S. West Coast, there will B.M.T.
there were no in- be 30 cruisen
Southcent, but to the
Inquiries for vessels, Pacide (live
than more 1957): 73 allings
Orient.
Steel raves et considerable selling late in the day.
Oils
lower and most of ulse were
Autos the chemicals meaded. slipped fructions.
Of 1,167 Issues traded, 523 were lower,
252 302 higher, unetanirod
New York Stock Exchange volume was 2,480,000 shares,
New York Stock Exchange bond volume was $5,110,000.
American Stock
Exchange volume was 600,000 shares.
Closing Prices
Alden ine. hey.
$ 17
п
Alted Chemicals
Allied Mül, Inc.
30
to Hawail, There was a little activity in and 35 ship departures for the the American domestic market and rates for voyages from the States United to New
this Caribbean cruise pleasures
Prest-Northern Harbours were quoted year include Amerian
Line's colla ut Acapulco, at United States Maritime Com- dunt
Scale minus 571⁄2 per Mexico on all California-bound mission
Eastern
fixed Ballings of the round-the-world cent. Gult ships, President Pulk and Presl-Mobil re-let T2 from the Carib- st bean to any port on the United dent Monroe: added calls
Atlantic coast Long Bruch, peri tor Los States Angeles, besides San Franciscu, January 17-22 at U.S.M.C. Scale for all Orient Line's Australia minus 52 per cent. The com- bound ships, beginning in puny is also looking for a 3,000- tun Lonker, Rotterdam 10 August; and special cruises up
and clean T-2 Seattle, Scandinavia, the Pacific coast to
from The Caribbean tu the for and. Vancouver Victorin
cust coast of South America, Hawali-bound liners.
In the East, two vessels were
salo Italy
for
This month, five International liners are off for big expensive, fixed last week to carry crude oll from the Persian Gulf to cruises to the Pacific. So que-
In January at U.S.M.C. cessful was the advance
minua 335 and 0011⁄2 per that two of these liners have Scale already
their cent. A French major charterer announced
similar paid only U.S.M.C. Scale minus
87% per ceni for
carly sal January vessel from the Persian
charterer Gulf. The same open for more January tonnage at rates down to U.S.M.C. Scale minus 65 per cent.
tutions
will
of making cruises next winter. Matson's Lurling from San Francisco on January 7. 1959 for a 73-day South Seas and Far
and the East cruise Swedish American Line's Kungs- holm will sail on January 10, 1959 from New York for a 97- day round-the-world cuise.
There are, today, 94 scheduled flights
A
BR
TWO SWEDISH
week, capable of TRAINING SHIPS
handling 4,700 passengers at n time. departing the U.S. West Coast airports for Pacific pinces. Ten of these weekly flights go to the South Pacific: 50 to Hawali, and 20 to the Orient.
By June, there'll be a step-up scheduled to 102 regularly fights with two more a week
Orient being put on the
run;
two more, also, on to the South: Pacific, and four more a week to Hawah.
CONTAINER FOR
CHEMICALS
London.
Allis Chalmers Am. Brake Slibe Amerkan Atrime American Cable
1. Line Co. U.S. Rubber US. SmekiNE
Rails and utilities held
Us. Steck
20% Warner Bros.
261 Westinghouse Eectric
Western Union Tel. Co. West Va Pulp & Paper Woolworth
NEW YORK COTTON MARKET
Now York, Fob. 5. Cotton futuros today opened higher and maintained a good-sized goin for the rest of the session. New crop deliveries showed relative strength
traders found sellers increasingly cautious in face of farm legisla- tion uncertainties.
08
Urated
67
STOCK EXCHANGE
Our Own Correspondent
Business done on the Hong-
Stock
Of Natural Rubber
New York, Feb. 5. Natural rubber consumption in the United States shows a drop of some 50,000 tons a year over the past two years, the Natural Rubber Bureau announced today,
Bureau Exchange this morning amounted to approxi-
mately $1,050,000. Nogn, quota- tions and the morning's transza- tions were:
Shares BANK
136 UK Bank
Buyers Belders
M
B30
17 INSURANCES
Undon
33
.. 32,30
4215xd Lombard **** Press,
SHIPPING Wheelpeke. 1655
DOCKS, ETC. K. Whart.. 118 Ilock
NEW YORK RUBBER MARKET
Baler
300
30 834
30
700 g *
5.30 2,000 6.30 1,000 6.30
120
494.50 20.30
| P'vident (0) 12.30 14,00 1,327 g 12.40
LAND, ETC.
HK Hotel.. 10. 10.70 1,500 10.00 105 Land! ..
3425 34.0004834.25 ImDIETYS 15.90 20.10 1.000 6 15.00 1,000 10
Realty NUDBER
Amalg Trust UTILITIES
Tram
1.35 1.40
129$ 1.30
120 120
... 24.30 24.40 4,000 @ 24.30
New York, Feb. 5. Rex rubber futures closed!
today 15 to 45 points Star Ferry higher with sales of 62 Yaumati contracts.
Ĉ. L
1,000 24.40 1,000 G 2436 3,800 24.60 118124
Final Agures for 1957, the said, "provide good opportunity to take another look at the future of natural rit rubber in the United States the next few months seem to promise te rellet for the na- tural rubber market from 0 quick upswing irt, United States demand.'
The Bureau sald U.S. con- sumption of natural rubber lu 1967 totalled $90,147 long tons as against 582,080 tons in 1950: In 1055 U.S. consumption was 834,800 tons, "s the last two years have shown a drop of about 50,000 tons per annum."
Consumption of synthetic rubber, on the other hand, totalled 928,369 long tons in 1957, more
50,000 tons the above
previous record consumption of 874,304 tons in 1030.
than
NOT UNEXPECTED
20.50 28.30 17.30 17.50 2.400 17
The natural rubber ratio to 2,000 17
100 e 170 total consumption dropped from 300 17.50 38.13 per cent in 1050 to 36.74 108.30
per cent in 1957, the Bureau 500 28.40 1,000 29,00 sald 5.100 20.10 Telephone 27.30 27.30 1000 0 27,20 INDUSTRIALS
Mar: 20.05; May: 2885: July: Sept: 200, Nov: 1.30 27.10 Electric.... 28.00 £4.50 Mar 27.10.
Standard contract closed up 15 to 45 points with no sales reported.
Mar: 265; May: 20.85; July: 27.65: Bept: 27.00 Nov: 27.10: Jen: 2.10 Mar 27.10.
Nearbys met increased realising at the close, with the | general list finishing off 4 to up 3729 points. The market opened New # to 39 points. up Orleans closed unchanged to up 20 points.
Shippers, commission houses, spot interests and local traders buyers, absorbing were best 107
ard hedge selling 404 scale-up 27 realising.
13
413
Corp.
American Cyanamid Co.
Amer. & Furgn, Power Am. Gas & Electric (x6) A. Moch. & F'dry American Metal
American Smeting Am. Sugar lot. American Tel
Tol
American Teb. "B" (xd)
Anaconda Copper
Armco Steel
Armour
Atim Com. Mining Baldwin-Lima-tam, Baltimore dhe Ohio
Benefcb Finance **
Beuct Cone.
Cafe (J.) Co.
C. 1. T. Financial Corp.
Chaos Marhat. Bank
1721
7034
47
was
Cement ... 20 20.40 Metal I
But it added that it was "not
US-KOREA
TRADE AGREEMENT
Washington, Feb. 5,
The Agriculture Department
announced today a trade agroemont with the Ro- public of Korea for the purchase by that country of $50,000,000 worth of surplus form commodities. will ប្លង់ commodities paid for with Korean currency. Sales will be made by private U.S. traders,
The
The agreement calls for the of 400,000 purchase by Korea
worth moirle tons of wheats $24,500,000; 265,000 metric tons worth $12,300,000; of barley
of grain 50,000 metric tons sorghums worth $1,100,000; and 30,000 metric tons of com worth $1,800,000.
an unexpected drop in view of in the substantial premium price commanded by natural costa rubber during the year, and in $9,600,000. 12.30 view of the fuct
4.50 #1.50
300 @ 1.05 STORES, ETC. Datry. 10.40 16.00 1,500 10.40
1000 Watson
13.20 12.60 1300 493 COTTONS Textile
Un Const.
INVESTMENTS
1,000 1,00
€400536
Firmness reflected the London action plus renewed reports of Russlan buying overseas. More Nonvang than one-third of the terminal MISCELLANEOUS business
was represented exchanges of July contracts for Yangtere 5.45 physical rubber, Dealers under Allied the stood
July holders took Oel- Į Simzala Nov.-Dec. one sheets delivered. paying Ave-point premium for the actuals,
Urgent buying around
with coupled 44 opening
lessening chances for enactment 13% of new farm legislation in time to apply to the 1958 crop.
Some traders fell delays in In the shipment market, a Included tonnage tepistation might lead to a choice moderate plan which would allow In- tales of three sheets, Feb/March
in shipment 403xd creased plantings this year
exchange for lower price sup-2414 cents cost and freight.
No. 1 Rss spot was quoted at 26% cents.
The
13.000
16,000
11
21.
Bendix Aviation Corp.
41
Bethlehenj Steel
is
Reeing Airplane
58
Borden (The) Co.
Compbell Soup Co.
Broughs Add Machine
63
301
ports.
397.
Canadian Pacile R.
certificated mained at 22,033 bales.
stock TC-
301
Month
Volume
Open intercati
Cat, Tractor
409
Мог.
137,800
Celane Corp.
137%
May
353,000
181
July
10,200
210,800
411
Oct.
12.000
170,000
Dec.
11,300
96,000
2015 | Mar.
7400
75,000
523 | May
10,900
102,300
July
63
Total
49
435
471
bined school and modern cargo vessels, have re- cently beon delivered
Cuban Amer. Sugar Diamond Alkali Diamond Match Ca. Douglas Aireratį Dow Chemicals .... Dupont de Nemour Eastman Kodak
1024
GA
13724
104
20%
212
834
Stockholm.
Chryser Motory... Cluett Peabody ..... Colgate-Palmolive Co. Colombian Chebon Co
Creast
Two training ships, especial-Colidated Edison
ly equipped for the pur-Continental Oil of Dr.
pose of serving as com-
Crown Zellerbach
from the Gotaverken yard artern Airline
to the Swedish shipping El Paso National Gas Finance Corp Transatlantic Firestone Tyg & fubber lines AB
and Trafik AB Granges-Ford Motor
berg-Oxelosund.
ma
One is the
G. D. Kennedy, of the Transatlantic Line, the other the Grangerbarg
carrier
Sarck, thoroughly rebuilt for her new dutics,
ore
MA
The G. D. Kennedy
General Electric
General Foody
General Motors
Gen. Pub. Uti
Glidden Cou
Goodrich B. F3 Co.
Goodyear Tyre
751
Gulf OB
1072.
Heyden Newport Corp.
4v39
Homestake Maning Co. Ingersoll-Rand
Sho
lal
shelter
A new type of shipping con- delivered on December 21.
tainer consisting of an
ふれ
open/closed
outer fibre drum and an decker of 10,420 tons as open
She inner container of semi-and 12,140 tons as closed,
bears her name after the
rigid polyethylene--both Company's first school ship, a rigged sailing vessel, able to be used again square
which served during the years
ΠΟΣΟ
has been developed as a 1918-23, and she is the 47th lighter,
practical vessel to be built by Golaverken substitute for the metal for the same ownere. containers now used in
She
was specially designed
transporting dyes and and constructed for her double
chemicals.
and
any
Or
Inland Steel Co.
Businem Machines Inti tarventer
International Nicke
2800
19,000 84,200 1,155,500 bales
NEW YORK
out of
Thailand at
SINGAPORE
The market opened around the previous levels and ruled quiet with some short covering Juring the morning.
Later
of posible reports breakaway of outer territorie from Java frmed the market, Prices of cotton futures elcsed
especially during the unofficial today as follows:
May: trading when business done at Mar 3510 Dec: 77% cents. Spot: 30.10m:
Futures: 33.21: July: 31.20; Oct: $4.60: Mar: 3462: May: 31.55; July: 33.30.
NEW ORLEANS
Prices of cotton futures closed today as follows:
Spot: 31.35; Mor: 35.02; May: 36.22: July: 35.20: Get: 31.74: Dec: 34 DG; Mar: 48; May: 3.62: July:
Cotton
LIVERPOOL
future
57.
No. 1 rubber per lb. Tab.
704-17 Mar. 2015-2016 No. 2 rubber per lb. Feb. 14-75%
71-715 No. 3
5001 rubber untold
No. 4
Blanket crepe
0815-
7644-77
074-6
8255-8414
LONDON
No. 1 pale crepe
The rubber market was quiet
closings, in but steady with spot quoted ut 22-15/10 pence per lb. Prices: 3 pence per b. were as follows;
Paper Int'l Tel & To] Jahn-Manville Co. Kansas C. Power & Light.. Kennecott Coppe
41%
Liggett Meyers Tub. Co. Lockheed Aircr
Loews Incorp.
Lone Star Cement Co. Leveretem & Hons. McDonnell Aircraft (Am.
Stock Exge.)
Metab Iron Corp. Minnesota Mining Mission Development Monsanto Chemical Co. Montgomery Ward Motorola Ing.
Old conimet
Mar/Apr.
May/June
Oct/Nov.
July/Aug.
Dec/J
New contract
Mar/Apr.
May/June
July/Aug.
Oct/Nov. Dec/Jan.
13
BAO PAULO
2414
23
No. 1 rubber per 1. na
apot
Settlement house term:
5.55
Mar.
221-21
23.23
20.09
Apr/Jure
July/Aug.
20.29 Vet/Dec.
20.50
40/Mar.
28,30
24.08 Mor.
Apr.
General markets, elf basis, ports: 2600 Feu.
All prices were unquoted to-
31 day.
day the
United
state crepe thin Feb. Four 2316
AMSTERDAM
23-2376
227-23
212-23 223-232/7
1.50
that sub-
natural
The
ocean were.
transportation estimated
at
The agreement provides that from goles
10 50
of the 12.30 stantially all
rubber which was produced in $2,000,000 oblained 1957 found a home in world proceeds will be set aside for
in loans to Some Increase
United States and markets.
Just to Korean private enterprise. synthetle was required All the gup"
These loans will be made by Bank <I the Export-Import Washington.
750 @ 3.70
LONDON STOCK
MARKET
Im-
London, Feb. 5. Bullish sentiment in the stock market failed to de- velop today despite yos- terday's announcement of a hefty increase in gold and dollar reserves.
securities Gilt-edged
Profit-taking in Proved fractionally,
industrials and copper sues shaved or wiped out mid-day galas.
Cils were depressed by a possible cut in prospect of British gasoline prices.
Japanese liens and German Potash bonds were higher.
Gold shares backed down. Dollar stocks were United Press.
Akron rubber factories are cutting down demand for rubber 85 a result of automobile produc- and the general tion cutbacks U.S. business decline. One of the big Akron rubber makers has laid off six per cent of its la
Mr
The agreement brings to a total of more than $130,000,000 the market value of tarm_sur- plus commodities sold to Korea under the foreign currency act bour force.
The
an- agreement Was The Natural Rubber Bureaus nounced by Under-Secretary of caid "It is especially diffeuls Agriculture
D. Morse. to forecast how strongly the Attending the brief ceremony American economy
will re-in Morse's office were Dr You bound from Que present Chan Yang, Korcan Ambassador slowing down process or how to the United States, and Bens. quickly. The rubber manu- Francis Case and Thomas II facturing industry is optimis- KachelUnited Press, He and the Rubber Mana- turers Association has publle- ly forecast U.S. rubber con-
In sumption for 1958.. fts January 2, 1058 annual statement, at 1,528.000 lang tons, or just about equal the all fime 1958 consumption peak of 1,520,099 tons.""
to
Total rubber consumption in the United States last year was 1,407,500, the second highest year on record and 80,000 tons firm.nore than in 1950.
New York Sugar
Market
New York, Feb. G. World No. 1 sugar futures closed unchanged to four points lower with sales of 298 contracts.
Domestic No. 6 sugar futures thick closed unchanged to one point
was
States, the The rubber market asd average price of one-inch cotton steady. Prices closed today in 33 at 14 designated spot markets gulders per kilogram, cit Feb.
was 34.00 cents.
as follows: Total entes were 15,156 bales, 103-United Press.
National Cash Reg. "A National Dairy Prod.
National Lead
National Steel Corp.
42
421
New York Central
Noctalk & Western Ry.
Ollu Mathieson
Ous Elevator
Owen-lino Girsa
purpose. The G. D. Kennedy will be able to take altogether trainees, container Is 52 deck and engineer The two-piece
for who will go through three-year reported to be satisfactory
class-0! cources ten in each both dry materials.
theore- liquids which will not attack suflictent practical and
ad-cat standard of education for added polyethylene. An
mates'
engineer vantage claimed for the wash-cither
officers examinations. able polyethylone inner con-
The vessel has a propelling tainer is that it can be specially treated with an anti-stick coal- machinery consisting of an 6- ing that permits the removal of cylinder
the eroastinad type, na shipped material from the engine of container- particular quids. which develops 7,350 hp.
The Grangesberg vessel is the No residue that would requiro extensive cleaning of the con-ore carrier ms. Sarek, built by
Procter & Gamble Co. to re-so is left Gotaverken in 1942, which has tainer prior
been entirely converted. Sherburgh Plate Gian behind.
longer and Publicke Industries The container is constructed has been given a
igher dockhouse so as to enable Fure Oll .........
of o semi-rigid, heavy duty drum liner of polyethylene resin shaped to fit mugly inside fibre drum.
Heavy
which
a
Goloverkon diosel
to accommodate 10 trainees
Oxford Paper Cu Pace Gas & Elec. Peramount Picture Pan American Airways
Parke Davis Co.
Penny J. C. Co.
Teun. Salt Co
Philip Morris
Лadio Corporation
Radio Costs Fuel Republle Steel
Reynolds Motul ....
Bears Hoebuck & Co. Shell Oil Co.
Binclair O
Baint Reg. Paper
R
Socony Mobiloil
and proykdo space for lecture rooms, etc.
technical She wont on her duty polyethylene trial trip on January 7, after her cernented to a standard metal conversion at Gotaverken had ld is then Atled over the top bean completed. Her d.w. and plastic lip of the drum to now 8,600 tons. provide an oir and liquid-tight
The Grangesberg scheme, ke peal.
that of Transatlantic, aims at The containers,
are giving the cadets a three-year available in 90- and 15-gallon combined practical and theore- alzes, aro said to meet all re-tical
deck course, other po quirements of standard drum officers or engiåetring officers. drop tests.
Both ships are equipped with Opportunities for the re-use double navigațional Instruments, of the polyethylene inner con- such as radar, gyro-compaIDER, tainer,
cleaning,
are direction dinders, etc., as well as limited only by the fawlomtion | laboratories, workshops and o of the owner, the developers second plotting
room. Their claim. The outer fhre drum deck machinery of derrick ports, con be re-used na nikitpping, cranes and. Bonnar sem
ot the rubbal, or temporary ... storage most modern typo sad make the
container,
ships largely self-loading.
after
Bolar Aircraft la...
Bouth Puerto Rico Bugar Southern Co. (The) Southern National Ca
Raliway (Corn) Standard Oll of Cal Statlerd Q of Ind. Standard Olt of NJ,
Rock (Toronto
Southerande.
Sterlin Stokely VanCam Corp. studiobaker-Packard Münchẩn, Kining SWEET & CO.
Texas Co
London Metal
Prices
London, Feb. 5.
Prices of metals closed today
in
sterling follows:
Tin
pot 3-month Copper προτ
-month
Lendi ini, half
per long ton ns
buyers sellore
7311 -73145
10035
No. 1 rubber No. 2 rubber No. 3 rubber Na, 1 pepe
22 nom,
2.10 poin.
2.07 nom
2.35 now. -United PYCH.
SINGAPORE STOCKS
Singapore, Feb. 8.
the today
quoted Brokers fullowing stock prices:
Batu Lintang Rubber Co.
Ltd
Feb.
May
Zino Lrt hott
Feb
May
BAZA 0322 -United PreRS,
Dritich Borneo Petroleum
Byndicate
Consolidale Tin
Ord.
New York Metal Futures
Prower & Neave Lid, ON
NEAVA 79% cum. Genone (Malaya) lamited Hongkong
Shanghai
Opening
401-
Banking Corp. Jongkong TÍA Lid, Kumpas Ltd.
#BT
$4.06
7.17 |
#650
Rubber states Lia. 106 Mayan Dreweries
$3 8756
*kin.
42 $15.
Petaling Tia Ltd,
Rative Lotal
New York, Feb. 5. Prices of metal futures closed
Kuala Lumpur Tin
today in cents per lb. as follows: New rangah Rubber Co.
Hinatore Colch, Blorage unquoted straitą zrading cream** BILBU
Lead
Mar.
Texton Inc; ........... Tide Water Amm, 01-
Zina
The 100.
antiesti Cratury Tex Tim
Copper Feb.
union Ono
U
Union Pacifio, Hulivery
-Unised PreOS,
tangwoled vilava Khgineeru deg. Wearne Broe
oel-Gruns bili special.
the
the
"The
The Natural Rubber Bureau,
modified however, optismistic. estinates of Rubber Manufacturers' Associa tion by pointing out that
nutomotive sales in course of January....has not been and it looks as encouraging though the entire January new car sales....will be only about with 400,000 units, compared 400,000 units in January 1957."
THE OUTLOOK
BMC PLANS TO RAISE OUTPUT
Sydney, Feb. 5, Motor Corporation
British plans to raiso output at its Ausrtulian plante to 50,000 all- Australian vehicles annually, Macmillan, the British
Minister, was told on visit to the BMC plant bare,
Prime
д
company now pasembled Austin and Nuffield body com- which it imparted ponents, from Britain, but it was moving
towards the production of all- Australian vehicles.
BMC Invertmonta itu Australia Asia- represented 13 million tralian pounds and the corpora- tion eventually hoped to SIT ploy 7,500 persons there Mr As for the natural rubber Macmillan
told.-China outlook for the year, the Mall Special Bureau mid "the really signi-
higher with males of:211 contracts. fcunt factor to be watched
Liquidating orders along with hedge selling dominated in the world contract as traders awaited further raw market develop
mente
is where the two
was
curves of the natural rubber London Foreign
ratio of total consumption and the progressive decline in na tural rubber, prices will lovel
Contract No. 4 (world) Mar: 343-64; May: 353; Bent: 3.33; Oct: 3,81; Mur: 340; May: 145; Spot-(cents par jt. fob Cubs): 326.
off. 563: July:
Open interest: 0,358 contracte.
Contract No. 6 (domestic) MAT: 6.67: May: 0.09; July: 675 Sept 8.38-79; Nov: 1.79; Spot (pente per lb. at NY ex-duty): 0.75. Open Interest: 1,033 contractor Ualted Prega.
Exchange
London, Feb. 5.
Closing sales were New York
Brussels
"Clearly, at some point in the natural rubber price de- eline, the natural rubber ratio | Montreal to total consumption will level off and start back, which in turn will check the price do- clino.
"With Malaya just emerging as an importent non-Communist ally in Southwest Asia, and with
Exchange Rates Indonesia in a critical struggle to
local
Milan Paris Stockholm Zurich
277 1/16-237 VID 150.60–130.00
£1804-11823
14.30-150 12374-1253736
Others unchanged iUnified Press..
NAMESAKES
Answers-1 Melody, 2 Faris,
establish. eficient government, the future course of natural rub- ber prices becomes a matter of 3 Tum, 4 Performing, 5 Night, some international concern, and a Club, ? Jokes, 8 Comedy, B SBA will affect the requirements of Theater, 10 Stage, 11 Variety,
Business was done in the
markets 121.60 unofficial exchange morning at the following rales:- U.B. dollar. (per 41) Sprog notes tre gil.... Avstralian notes (per 21).... Indonesian rupiah (per 100) 11-85 Sa tical (per 100)
Go the arce for financial assistance 12 Curtains, Collanty
If prices continue their down-Microphone, 16 Entertain, 10 20.00 avand trend" the Bureau said French.
Maurice Chevaller. 150 United Press.
JUST ARRIVED
$5.
1957 GILES ANNUAL
BUY NOW! stock is limited.
SOUTH CHINA MORNING POST LTD., HONG KONG & KOWLOON