SHIPPING
FUNDS SOUGHT
FOR NEW LINER
Washington.
THE CHINA MAIL, THURSDAY, FEBRUARY 18, 1958.
TRADE and COMMERCE
TAX DANGER TO Behaviour Of Markets:
BRITISH SHIPPING
London.
The United States Ad- If taxation and inflation in
ministration has decided against asking Congress for funds to build a sister-ship to the super- Ener United States. President Elsenhower unsuccessfully requested $62 million last year, but will not repeat the pro- posal in his Budget. Ocials have said that the decision to omit the super liner proposal
marks
a concussion to pressure for budgetary 'économies.
The liner would replace the America as elster-ship 10 the Un ted States on the North At- It would be faster lontle run. tan the present holder of the Blue Riband, but otherwise would be a simular vessel.
The Government
sen
Britain continue on the present scale, the transport of the world will pass into the hands "flags-of- of the
convenience" countries, anya Mr J. H. Joyce, chairman,
Liverpool
Steam Ship Owners' Association, writing In Lloyd's List Annual Re view.
"How long will take for the 10 come about I cannot predict, but equally I cannot see how
the feels of Britain can hope 10 survive against com- petition from lex-free shipa," Mr Joyca continued.
fornbility."
on
"The growth of the Beets under age of convenience is the best evidence of the encourage- ment to shipbuilding which is given to owners who do not
drain the would fin- suffer
their nce construction, since Mer-resources of heavy taxatlon chaut Marine Law Calls Covernment
of Britain's trading feet remain- rhips and their sule to opera-lea the greatest in the world, ters at prices that represent the but it had stayed at more or less the cost of de-less the present level for the last total cost, fence fentures and the construc- 40 years and "lodzy, due more tion differential subaldy,
to the incidence of taxation than any other source of influence, is unable to share in the beneral trend. of world expansion.
year,
construction
after
The differential is the differ- ence between the cast of build- Ing a chip in an American yard The time W21 approaching and in a lower-cost foreign yard. when 11 would be virtually im- for a shipowner to The Maritime Administration possible rought bids for a sister-ship last produce sufficient money
dance a replace- taxation to and the lowest totalled $109 million, excluding escaiament programme adequate to tor festures that would boost meet international competition.
Mr
that Joyce suggested the final gure to about $125
British shipping should be million.
relieved of, or allowed to avoid, The United States which sall-taxation on all carnings relelned the business and thereby ed on her mulden voyage in on
placed in a position of economic July, 1952, cost $77.7 million.
parity.
A bi-partisan group of Con- gressional
maring merchant
supporters will seek approval MORE
of the construction measure de- spite the Adminstration's cool-
ness.
A Dill now before the House Merchan! Marine Committed the culls for the building oat
to
m.flion the United States Lines, the owners of the United States and the Amales.
The BI also calls for the Anansing the United States cool though Lines' purchase
SHIPS
LAUNCHED
Stockholm.
An Analysis
By Sydney Gampell
London, 'Feb. 12.
So many financial and commodity markets behave so much botter than the nows that one must conclude they are sold out and technically firm. There is a time-tested adage that a market that does not go down when it "should" will go up.
HONGKONG
STOCK EXCHANGE
Our Own Correspondent Busince, dono on the Hong-
mately
Stock kong
Exchange this morning amounted to approxi- $202,000. Noon quota- tions and the morning's tranzac- tions were:
Shares
Kalna Bayero Retiazu
040
BANKS
There is still trouble in some U.S. industries, and it might be wise to wait and see if February passes without the market afr-pockets to which it is prone in unsettled years. But, for the present, the markets un- KANCES arguably speak for themselves.
6:30
lik Bank,
Easi· Andy
Lombard.. 34 SHIPPING
Whosock
In the face of enough bearish business news to sink a battleship, Wall
Street holds within about 15 per cent of its absolute 1958 and 1957 peaks Wharf. of carefree inflationary boom.
WORLD TREND
£
ཉྩ ༄ཀྟྲི, ༔
10
SECTION
New York
The
Stock
Market
New York, Feb. 12, Stocks rallied from their lows in the last hour of trading today. Volume improved a bit on the upswing.
Losses were pared in the oils, rails, chemicals and many specialties, groups which had featured on the downside during most of the session. Despite the late rally, losses of a point or more still were numerous at the close.
Pharmaceuticals, which have Time me. been reporting good earnings Twentein Century Fox File
Union Carbide for 1957 and predleting bright t'won on of Cal. 700 @ 2350 | things for 1968, stood out on the Union Pacific Railway
upsido with gains running to United Aircraft
United Gr Corp. 5030
more than a point in Schering, V's, you “B” Parko-Davis, Pazer and Rexall.U.B. Qypsum
Zenith jumped 2% in the U.. Line Co. specialites following reports Smelting
January operations. tijd, Niteri 1129 record
Piney Bowes was strong ода Warner Bros.
Westinghouse Electrie 18.70 good earnings report. Ford and
Western Union Tel. Co. Chrysler Arthed in the motor, West Va. Pulp & Paper
19
0.15
DOCKS, ETC. Dock
Tnvident.
(0)
118
$1.50
18.10 12.20
C
1854
10.00 18,70
600 @
31.25
24
Norfalls & Western lost
US. Rubber
more Woolworth
than 2 in the rails, Some issues
in this group managed to close
froe Ionally hichor.
United Frees.
of a total 1,107 issues traded, NEW YORK
580 were lower, 285 tugher,
Now York Stock Exchange bond volume was $4,230,000.
New York Stock Exchange volume was 2,030,000 shares.
American Stock Exchange volume was $10,000 shards.
Dow-Jones closing averagės
1.375 130 120 1723
24.00 24.43
2000
24.40
21 40
100
21.40
103
.... 17.10 17.30
503
17.20
240
17.20
1000
17.20
Electric...
0,40
20
28.40
30328 30
30 industriels
20 zile
18 UNLULER
27.30 27.40
71,30
03 stocks
1:0.44
37.30
41 bonda
40.75
21.3J
17.30
Comm. future price index ..
154.13
21.10
14.60
The thing which the Pottibene or F ... report takes seriously is a zuciecz | C. Ligna holocaust in which. It says. vasi emergency engineering activity would be required to bury the dead.
That in itself cannot be dis- counted: In a nuclear holcesut
would not matter what | market policy you had.
If one cynically described it teachnical adjustment to the there were some short positions
easier money falling world trend of Bank and and, whatever changer (if any) Hotel a buoyed by coupled with official blasts of other short money rates, and no may dorive from the Pettibone K Land. hot air (teral "relation" it signal of relaxing the anti-report, they cannot happen be-
those stumphreys fore the ali bespeaks technical strength. Inflationary palley.
maturity of
Really.... 1.35 shorts.
RUBBER The facts of physical business
zomething malt. Another part remain stubborn. but the busi-
new In this world: things which Trust The world trend leaves Lon- ress sentiment which dominates don's rates high and dry, and markets cannot discount not be- UTILITIES Truth .... them ond particularly the very costly to the Treasury and
coise they are unimportant but Dil Inventories to sentiment
It Mr because they are too important. alance of payments. which the Eisenhower Adminis- Thomeyernft had not resigned, tration attaches cuch short-term Bank inte might have been cut
certainly benents] today. importance from firmaers on Wall Street.
Somo
of the commodities, Eariler this month sterling above all, have become im- and the gilt-edged market barely pervious to shocks. There
the Chancellor far more denger of another 1920 wubbled when
thin of the Exchequer and the two commodity-inspired crash ather Treasury Ministers sudel another 1020 finance-inspired crash, but if another 1920 Is denly quit.
As and when Congress and the n coming the indications are that There are the makings of
will come from the wider Administration accept the re- two-fold international liquidity if
the al-commendation to switch crials that might be one of the repercussions of what has
com sockpiling programme from con- worst in history-a D-mark gen.ready happened to the
ventional to nuclear warfare, the arid perhaps also a dollar emosities and freigl s. out of control by any current
In one or two cases it is de-switch will have to be disccunted have on its merits for individual com- they German and U.S. policies if not monstrable that also, one must hope, past pray had all that is coming to them. modifles,
A mera change of procurement That Persien Gull tanker to STERLING
which has fallen 96 per cent in a from a five-year to a three-year year-from an index of 450 to basin would not affect those 10%, or in money from £10 to commodity markets were stock- 15s 3d-could not fail further. pile procurement ended long In an Dimost non-existent ago: they cannot mise what they
Lave not been having. market it has in fact Ufted bit,
ing for.
the
Yet, though sterling would Tormally best the brunt, technical and seasonal fog oft have raised sterling to near te root, and might enoble Arlici
chance on leng lake # sterling go through the roof, it
fo
she thinks it worth taking.
Meanwhile the Managing
The test would ecme il and i when Congress tried to Asace FREELY
the gruesome new preparations by selling some of the present juit-men-be-féltesekot¬t=1} } stockplies Waleemidecording to commodules could stand the the Pettibone report, would be Pettibone report, they ran stand most valuable in the recovery thing. That, report speaks end-rehabilitation period after feely about much things as U.S. the holocaust. A -trekpile disposals of which mere whisper would at one time have knocked markets senseless, In the event. It falls sa flat as a Part of the explanation is the
technical bo only a familiar
sister-ship, and selling it for $47 Ships launched and de- Ilvered at Swedish yards reached a new peak in Director of the IMF has pointed 1967 and the tonnage out that, with transferable ster!- Pound is in exceeded the annual a $2.79. the average of the past few fact converüble for all foreign within the bolders at well about 30 per official margins. yenra by cent, according to a re- As for the 7 per cent Bank
Swedish rate, unless it is cut soon it will pancake, by the port
become inoperative. Any eut Shipbuilding Association
would of course its on the activities of affiliated yards.
Launchings totalled B1 ships
20-year, Govenment ican. The customary ship-building procedure provides for the de- idnination of the selling price after
has been cam- u ship
pleted, and for the financing of The purchase through private
mortgage, protected,
If accus-
sury, by a 100 per cent Govern-with an aggregato tonnage of
Th. Kaurantee.
WORLD TANKER FLEET
London.
The world oil tanker, fleet by about expanded 9,290,000 dendweight tons during the second half of 1957 by far the largest half-yearly increase yet recorded.
670.000
gross tons (1,001,000 while de- iens deadweight), liveries amounted to 82 vessels, aggregating 040,000 gross tous (154.000 tons deadweight).
Seventy per cent of deliveries were for foreign owners, mainly Norwegian shipping companies. which received $2 veruly aggre- gating 345,000 gross tons.
Of the total tonnage launched. 50.5 per cent were tonkers: 22 ships aggregating 379,000 RTOSS tous, including nine lankers, more than $0,000 deadweight tons each.
New orders for about 30 shipz totalfing about 1 million gross tons were obtained in 1937, al- though a steep decline in order Tutal tanker tennage now in frequency was noted during the service is 30,030,304_tons-more latter half of the year, following than double the level of ten
the depressed situation on the years ago.
freight market. A record number of 118 new
The large order book of 3.7 tankers of over 7,000 dead- weight tons, aggregating about million gross tons will, however, #t the safeguard employment 3,365.000 tons,
launched during the half-year, including
ahead. NB of 30,000 tons and over.
The expansion schemer al During the whole of 1957, total of 204 tankers was launch ready decided on by the yards jare proceeding according to plan eti, 90, of which were OVE and will require investments of 30,000 tons, but even this Bgur inbout Kr., 100 million (Just over will be exceeded this year
wns
n
and
In 1959 if the present building schedules are maintained.
yards for several years
£0 million).
under SECOND-HAND
Although not quilo' As many tankers were registered the Liberian taxfree "ag convenience" as during the Brat
of
half of 1957, the total tonnage SHIP PRICES
still increased by the very sub- stantial Agure of about 1,230,000 tans
deadweight to 0,111,041 tune.
During the whole of 1957, this tanker fleet expanded by the 2,787,000 huge figure of about tons.
At its *present
Liberian tanker fleet is
level the only that 138,804 tons smaller than under the British fax. It is in- evitable, therefore, that during the next few months Liberia's float will become the largest in the world
a
strength:
US-Asian Trade
Goes Down
that to по
NK ELECTRIC CO., LTD. Fra Diva. DES Payable 15-3-50. Telephone
INDUSTRIALS C'erent.... 1lope STORES, ETC. try. 10.AD 16.00 Watson... 12.10 12.50 Panium 8.00 COTTONS Texul
NINYADI
Vibra
word:
Closing Prices
Allied Chemicals
100 L3.20
Allied Mills Inc.
6.03
#50
MISCELLANEOUS
Sungala... 1.00
SINGAPORE RUBBER MARKET
Singapore, Feb. 12.
No. 1 rubber per b. Jeb. 1796-772%
Am, Urake Shoe
American Airline
Am. Cable & Radio Corp. American Cyananda Co..... Am. & Torgn. Power ..... An. Gas & Electric Am. Mach & dry. American · Matai, van Amelicos Smoking Am. Sugar Ivel. --*** & Tel
American rob.
American Accunia Copper Armco Slee Armour
Alias Copa, Mining Haw-ARTIN K-BLAZIKA Kaltimore & Ohio Benencia Finanga Bendix Aviation Corp. Benguel Cons
Hoshig Avtoplane Borden (The) Co Burroughs Add Machine Campbell Soup Co Canadian Pacing it. Chao (J. L Co. C's Trector No. 2 Rbber par lb. Feb. 74-2654 No. 5 rubber par la Feb 10-14 Calanes Corp. of; No. 4 rubber per lb Fab. 676-032 C. 1. 7. Financial Corp.
Spot rubber unbated Hankat crepa
No. I pale crepes
Chrysler Motors
Clutt Peabody
Congress might be a tle The market opened lower thiehem Steel
but steadied later today. more disposed to do
Futures: those producers who have votes in U.S. elections than 10
But
Con- who havO. those gressional disregard for its noo-
novelty constituertas no stockpile policy.
that field, It is famillar in
U.S. ex- and very fami3er in
all pol-impart pelley: nearly
the ex- farm producis among poris; among the Imports range from oil, copper, icad and zing to wool, watches, bicycles and tuna fish. Having been 80 well advertised, there is more than a presumption that it is discounted.
of those
COMMODITY
Excepting soma which are arbitrarily priced, the chance that the com- modiy slump as such may be
about" over.
Washington, Feb. 12. United States imports from the Asian continent slumped from $188,300,000 in October to $154,900,000 in November, with chief declines from Japan, the Philippines and Kuwait, the Commerce Department announced today.
Cocca, which hardly had a November Imports were still friend in the markets or in the year ago, has for above the November 1956 level statistics a
ક્રમાં
been almost very rea.bu of $143,000,000.
in the dela- irrepressible even wo of the past year. Kut, is an important oil- United exporting country, and
For a similar acuson now, the (some timbūra Lates
from imports
there forest p:oducts declined from $17.400,000 in and papers), could be among October 10 $11,000,000 In the first to prove to have cried November,
themselves out
The United
Reuter index of com}~~ in States imports November compared with Octo-modities has fallen in sterling ber included;
to around is lowest since the 1040 dovaluations, and to
SINGAPORE
STOCKS
Singapore, Feb. 19. Brokers today quoted the following stock prices;
Batu Lintang Rubber Co,
Ltd.
Brush, boneo Petroleum
Byndicate Consolidated Tin
$1
LONDON
2016-83
was
at
2216-23
The rubber marke steady with apot quoted 22-15/10 pence per 16,
Prices: No. RG spot
Settlement hous term: Mor Ape/Ju July Sept.
Oel/Dec.
Jan Mər
2314-7311 2314-23 237-439
24%
Colgate-Palmolive Ca Colombian Carbon Co. Commercial Credit Commonwealth Elec. Consolidated Edison Continental Oil of Del. Crown Zellerbach Cuban Amer. Sugar Diamond Alkali Diamond Match
2334-11% Douglas Aircraft
Dow Chemicals ... Dupont de Nemours Bastern Airline .... Eastman Kodak ... El Paso Natiostal Cas Family Finance Corp. Fire tone Lyre & Rubber Ford Motor
"General markoft, cif basis,
Feb. Mar and Apt..**** Estale crepe Un Mar Estate crepe thick
AMSTERDAM
The rubber market was quiet.
Prices were all unchanged since yesterday-Ualled Press.
LONDON STOCK
MARKET
General Electite General Foods General Motors Gen. Pub, UNL Getty Off Glidden Co. Goodrich ( .F.) Co. Goodyear Tyre Call Of AING Hoyden Newport Corp. Iemestake Mining O. Inland Strel Co, Interchemical Corp,.. Lut'l Business Machines Inel Harvester, ****** International Nickel International Paper Int'l Tel & Tel
John-Manville Kansas C. Power &
Kennecost
Incol P
COTTON
MARKET
New York, Feb. 12. 141.31 100. A moderately active and two-sided trade in cotton futures today featured a price_retreat in old crop while deforred months
300
· deliveries rulad steady to firm.
Day trade covering firmod apr.com just before the close to 196 leave the list net 3 lower to 27 points higher. The market open- Lied off 6 10 up 8 points. Now Orleans closed up 1 10 34 points, March contract quidation,
30%
24 Febru Arst notice day
744 longe
24--and selling by
discouraged by the pro- longed dullness in the textile market, weighed 4:0 nearby 2214 months.
445%
મ
10%
Now crop
months
reflected
2011 vanishing prospects for un in- 45% crease
In acreage › allotmania this year. Some fongs quidat- morihi mada ro- Ing nearby placement purchases In now
Set crop positions.
10 ins
Textile mill executives, sock-
#llotments greater
for growers of quality cotton, warn- ed their plants will begin run short of quality in Jude,
to
4 when they may be forced to curtail production or tum to 27, synthetic fibres,
Open March contracts today totalled 112,800 bales. The certißerted stock remained at
122,864 bales.
3 Month
Volume Open -infortai
13,200
378.103
108,300
181
July
11300
319,200
21,000 185,100
Dez.
15.300
108,500
280 Star
7.100
MAY
14,500
117.309
July
0.100
18,700
Tulal
107,100
1,112,800 kažem
1041%
NEW YORK
19.900
Prices of cotton futures closed today as follows:
Spat:
pon; Mare 34.03. MAY
35.23 July: 25.37; Oct: 35.25; 15.10; 3darí 19.32) May! 3.24; July: 34.71.
LIVERPOOL
Cotton future closings, in pence per lb. were as follows:
Old contract
MIT/ADT. May/June July/Aug
OGUNOV.
Dec/Jan.
Light
New contract
304
May/June
Co
London, Feb. 12. The rising tida of U.S. un- employment depressed the stock market today along sey e Tob. Co.
Lo Aircraft a broad front. Blue-chip Industrials steadied Lone Star Cement Co. Opening
From Japani, $49,100,000 per cent lower than that in golu. in noon trading but a now wave Lewinnen & Sons.
dropped to of selling
prices to Benadil Aircraft (Am," (November) against $59.300.- might show icaistance $1.12
day's Jows at the close. Steel, t... Iron Corp. 000 (October); from Philips | much further fails.
on engineering and electrical issues Minnesota Mining Repubilo. $13,000,000
brunt falla DiDes
Where the
Mission Duerment $19,400,000: from output and employment instead closed from one to two shillings against
lower..
Montgomery Ward Indontala $18,000,000 again of on price Buctuations,
ΟΣ stocks continued their Motorola to $21,800,000;
India, from
National Cash Reg.! degree of unemployment should
Into lower ground. National Lairy Prod. $14,000,000 Mgninst
Lead 16, nei be underrated. Tin output retreat
then Wallonal 900,000:
and from Hongkong has been curtailed to 60 per Royal Dutch foll more
Rational Steel Corp. Feven chilings, Shell more than New York Central $3,000,000. cent; US steel output has cur $3,800,000 galasi
other Norfolk & Western By tailed litelt to about 65 per cent. four shillings, while
oln Matalo that rerious price, both leaders lost around 2/ Gül-edged socurities the entire world in November markets may be humping along
trnctionally lower on very light Oxford Paper Co. Word
their $1,043,200,000 compared the bottom or post
worst.
Parlie Gas & Elec be dealings. with $1,144,700,000. In Novem-
Pan American Airways Inventories also seem to
Foreign bonds closed qulot Paramount Pictures base And 1950 they wore $980,700,000. - {lowest at the primary end
unchanged. United Press.
finished end and heaviest at the
Doller Blocks fell several (though in US. atcel some of
while the premium
Gammons halaya) Limited $2524
Ord.
Утности Neave La FRT Neave 7%
Smeliers
20/- Ord. $260 cum.
pref.
Hongkong
Shanghai
Banking Corp.
$450
Hongkong Tin Ltd.
Kumna: Li
Kuala Lumpur Tin
3130 $1.47 28/30
Melayan Breweries..... New Berandah Rubber Co.
Ltd,
374
83 D5
$3.00
$9.00
31.70
10.16
$12714
$5.00
Luna Rubber Estates Lid. #103
London. Second-hand ship prices are
still falling. The lowest priting Cia Lid. price obtained for a Raffles lintel
Singapore Cold Blorage... large war-built Vessel Straits Trading
steamship quarter united Engines Ord," during the last of 1957 WAS $640,000 Weare Bros.
“—China” Mali Special, (about £199,000) for 4 10,920-tonner built
1944.
in
This compares with £253,000 UK TRADE GAP
paid In September for a 10,705- ton ship of the stone age.
London, Feb. 12.
United States imports from At
Oils Elevatora moved Owen-lllinois Glass
burden bes been pushed polots back to a plia-us of iron ore slipped one point to seven per
other steel making coat-United Press, and materials).
tho
London Metal
Prices
London, Feb. 12,
The most serious dokibt la not
for a new commodity alump Exchange Rates
but for whother all-the-re
The Un market was steady percussions of the existing one
And
Parko Davis Co. Penny J. C. Co Penn Salt Co. Phillip Morris
Pittsburgh Pista Giam Publieker Industriew
rooler Gamble Co.
Corporation
Reyndica Meárakon van” a čo.
Saint her. PASST Suadar ön this docony Mobil Oli 1.13] Anuth, Puerto Rico BURST 1954 19.50 Boushem Co., (zhei SKAT | Bouthern Natinhal Chuu 10.00 Bouthern Railway, (Com)) .. 3050 inndard Brands
1.00|| Ktandard Oil of Cal.
Standard Of of fua:
·Huaihone way done In the 100 with spot and three-months - have worked through to the semicla axchépes market | changed today. Turnover was 30 | dustry
International morning at the folowing rabarber tong.
liquidity. It is not restauring U GOLLAN (DWE (81) The United Kingdom: trade Copper, lead and zinc were inventories of wios) and brush | Barling notes (per1)
Awstralian notes, (për 21 ... gap widened a litle last month | 611 steady but quiet. Prices have merely been translated and coesian rupiah: (per 100) ... with exports slightly lower and closed at the end of the site or into laid-up ships and into ex. Fun Heal (per 100) imports slightly higher than in eis.on, in sterling per long ton ports and
Singapore (trait)) export capacity the previous two monthã, #* follow
frustrated For
near Bobankruptcy of their primary: STERLING HIGHER
produsing
With increasing deliveries of large turbine tarikers, the gap With transatlantic coal freight between the proportion of steam rates down to about 25 shillings propelled and diesel tonnage is per ton, compared with a mini- gradually witching. Steamers mum "break-even" rate of 40 now form 56.4 per cent of the shillings needed by the wartime world total.
built Liberty tships, the nominal;
• Pre-war tonnage represents value of a Liberty vessel can be 2.8 per cent of the world tanker considered as little more than a total war-bulli tonnage. 22.5 light premium above breaking per cent, and post-war tonnage costa, ays the report: 87.7 per cent.
Now shipbuilding orders were million,
Total exporta ware 2277.0 | Tin, #908): million and Imports R323 m. 20
· Exports” showed | Chipper: spet The total tonnage now build- almost non-existent during the 6 of £4.500.000 below the Lend in pair.
and December, figure and · imperta inx and contracted shows'a dan last quarter of the year,
Zini: Les no crease of about 2,930,000 dead-many options, have not been, a sire of all million. Waited
Press, weight toas: since mid-1967.
szarclasd.
ENKELT
the
zustomerk..
no longer over the
ON M
Probably the stora-Dentre 29 | Transferable but glärlings of Einkusan Can whichs, the... main market is in mucubine Katining gls Zurich reached, today 18945, 2016 & Compan daliers, its highest rata since aeran Co.
April, 1992-Unand. Fress.
Tide Water
July/Aug.
SAO PAULO
Cotton future closings, Cruzeiros дет
26 23 28.20
ki
kilo were
follows:
30 30
Oef,
4000
Dec
10.20
In
the United Bistes,
the
2414) average price of one-inch cotton
14 designated spot markets
53% was 24.87 cents.
404
Total sales were 10.184 bales.
NEW ORLEANS
Prices of cotton futuros closed today as follows:
spoti: 24.80; Mar: 94.00: May: 38.30: July: 35.83; Get:, 85,18; DOS: 29.18; Mart 35.23; Maya 30.31; July: 54.60.-United Press,
London Foreign
Exchange
London, Feb. 17. Closing rates WOTE,
Naw, Kork
12/16
udebangið.
NAMESAKES
Vire--) Pota, 1 Colonėle.
Directions, 11. Brond
al