TRANSPORTATION
The
TRADE
THE CHINA MAIL, WEDNESDAY, APRIL 9, 1958.
and
COMMERCE SECTION
HONGKONG
New York
THE WORLD'S IST CROYDON AIRPORT Stock
OCEAN TERMINAL
Finnart, Apr. 8. COTLAND is to have the
OTLAND in to his
Europe. It will be capable of providing berths for
TO CLOSE DOWN
Croydon, Apr. 8. ROYDON, one of the the
Cent airports in world, closes this summer.
Thirty-nine years ago the first lankers of up to 100,000 British airliner took off frem a tons. It will be completed step of euterate in Semiti for the British Petroleum London, Company Ltd, here at Lochopening Long within six months.
This was Croy.lemy's and it ceremony, became London's mula gateway up to outbreak of World War 11.
Landin Croydon is foo near Airport's contrul zone for safely airliners maintained as cost be
and farter become ever bigger 242141
and air trafle grows thicker and more complicated.
The cost of the extendye new project which is expected to be The first t the world the of papable of harbouring such a
wil hligh fore, approximately £2,000,000 form an extension to a terminal helf a mile to the south, ant will be linked with the cam pany's refinery at Granith by the extating 57-mile pipeline. This pupeline was brought her- us when to use even grafs the set Finnart tanker terima
It is capable come into mervlet.
of carrying about 1,000,000 tas: hore of annually than is a prestal demanded of it. INCREASE
The B. P. Cranpany in associn- tion with the Finnart expansion, as spend £6.000,000 to the ene 1 capacity of x Grangemouth Tutinery from 2,200,000 2,200,000 trans a year.
12:0
NO ROOM
Their is no room for expan- sion AL Croydon R e: not commedate plant jet Comets. turbo-prep Viscounts ard
engined Stratocrub piston Constellations and Hermes, Only small airerall ran use is Fat- ways and traffic is, by modern standards, negligible.
Market
New York, Apr. 8.
The stock market scored its first gain in the past
STOCK EXCHANGE
The New York NEW YORK
RUBBER
Cotton Market MARKET
New York, Apr. 8.
Cotton futures today soc-sawed narrowly in another quiet
trading cession.
30
10 sessions today, aided by favourable econo-
Closing prices ruled Our Own Correspondent mic developments and corporate news.
lower to 4 points higher. The Business done on the Hong-market opened. off to 7 points.
Stock kong
Exchange this New Orleans closed The rally was achieved on slightly lower volume,
which helped to dampen enthusiasm some-morning amounted to approxim to one point hither,
Smulk orders either way in what. But it was still the best market in two ately $943,000, Noon quotations
and the morning's transactions fluenced the hour-to-hour trend weeks.
0s the rank and Ale of traders awalted new incentives,
Alrerafls werfairly active, Soul Puerto Rico Sugar
Southern Co. (TAT) late in the day following - Bus National Cus
contracts nouncements of new and a prediction that spending sharply will rise
Standard Oll of tod for musica
Standard Oll of N.J. in the next three years.
Steep Back (Toronto Exge.) rise arching Drug Co. Indications that the
is levelling off Stokely Van Camp. unemployment
3:udebaker-Packard Corp. auto sales nud reports that
Hunsine Msing perked up inte last month help: Awift & Co. ed to buoy the market. Stepped Texas Co. up construction wellvity with the coming of warmer weather also helped to give the market a better tone,
EXPLAINED
In lividual corporate develop- ment explained the Auctuations in a number of troues, Lorillard lost a major fraction on dis- appointing
report; varnings Ormed on the improved Autos sales picture,
which ran Even the steels, inle selling yesterday, after the another pro- AREATANCEnt of
cutback, mut support, The aute sales report helped the sko, Ralla favoured the ug side, as did utilities.
companies still Aircraft EKİ thing Croydon will move to the te. new Gatwick Airport, to
month. By 1059 topted this
Croydon will be altered to sale.
duction Local councils hope to regnao B. P company's shij ging organisation is to bulihe airlield, is it 100 seres funky ther: up to 65,000 tons, Fegarded
V potential houseg sites within 12 which are exprefed o Flmart regularly where there insies of London.
OWNL
is the ueersing depth of water and facilities for Jarge ships.
amateuvring
a new jetty lo nllaw a roluimum
of the
ext to y
A big housing appear within a Kw years alexe The THIWHYS
which
1:0
Werk has already started on Bantubol class adrliners. forerunners af tulay's luxury transports, took it enger
Nights across the world.
of 55 ft of water at low water,
its assocluted sterge tanks with
be 60 ft. hich,mand hold 6,090,000
callons of .
The banks of the loch ro THE DECLINE steeply towards the water at
thi will necessiţate the site, extensive excavations to
W the set of the World ével War 1 in 1999, the importance
the site. Precautions have aise of Croydon as a comperetul been taken to prevent Di airport first began to wane. sering?
through underlying ↑ The Hyal Air More "Pinangd
„Jisstry! tek to Lech Long.
Oure the plant is completed, It will be closed down for a period of three months to modernisation:- United permit
VISCOUNTS ONLY -FOR-BE.A.
ALMOST
1680
control
and
coanercial
Lperators diperunt 10 Bri and Liverpool.
At the end of the war civil eperators returned, but the new for bigger alteraft with ri
operational needs 2001 renter became apparent, Plans Look
a new airport, shape for present London Airport, harder and longer ruways.
1 with
when
By 1947 nearly all the major London, Apr. 8.
International airlines which tised British Crown had moved to London
only private European Airways Airport and
charter compatties remained. international passenger ser VİLEN will
tarbe
companies A null band of Viscount air- main at Croydon today, but prope her iners after mid-summor.com they, teo, must go, according to Lord Douglas! Sul, many hope that of. Kirtleside Corporation the aircraft takes off and the beacon tid Life Hights are chairman,
dimmed that Croydon will not uranorked, The only exceptions will he
be allowed to jude. serviers to obscurity Jocul Gibraltar The
as has so often and the London-Salzburg flights | keep the
with other case where runway restrictions still furie places.
mecessary to
Perhaps some Mling memorial Elizabethan will be erected to this nursery All remaining
British air airliners will be withdrawn. of China Mail Special.
make Pionalry.
1:
UM
Reuter.
Telay sales tolalled 2.190,000. Of the 1.104 rues tra1017, 605 231 higher, and only
wer tower.
American Stock Exchange sales dropped to $10,0us shares. 1ond volume was $5,520,000. -. Dow-Jones closing averages
were:
2) Mustikale
20 -
ia uulit:ex
335
stinks
40 nads
Cumin, Lutate price Thaix
412.3
131 03
74 02
130.8
118.77
156.33
Closing Prices
Akten The Aby
Alised Chemist
721
Alt Whahiri s
2314
Am Brake Se
Americunt Atline
A Cable & Radio Corp.
+
American Cyangmild Co.
35
Am. Le Forg. Fower
12
A Gar kiretri
Am. Mreb, & rúry
American Metal
American Smelting An Sugar Ref. American Te & Tel
Amertean Toh.
Anunda Copper
Armen-&tvely
Armour
Allus Cons. Mining
CAL Tractor
Celtics Catp.
were:
shares
BANKS
HK Bank
INSURANCES
Wheelock4
one lower China's Tin?
No Worry,
-A return or eldarlug weather improved California, tid
and wenther news from neted to carb sections,
Interest.
Textile
market dullness, with reports of
further mill curtailment, and a
Mayers Belle
26
20%
133
Sales
1003
30
Standard off of Chi
Southern Railway (Com) Standard Brand
AB
L' 71.50
crop
44
Waterbot
13
1536.45
other
0 13
1,500 $20
new buying
DOCKS, UTE,
K. What XD
104
100
200
100
500
107
Dock XD
45
050
40
Provident 101
XU
quiet demand
11.30 11.58
500
11.30
2,800
1.0
1,000 $1,40
200
11.48
20170
500 17.30
17.40
1.000 17.30
Texter Inc.
TIGI JIK
Waler Arin. 04 Twenteth Century Fox Filin Union Carbide
Une off of Cal
Urion Pacific Trailway
Inited Alterati
Untied Gas Corp.
US Foil "B"
US Uypatin
S. Lice Co.
19.5. Rubber
U.S. Smetung 13. Sleet Wing
Wiede
Fre
West Va. Palp & Paper Woodworth
LAND, ETC.
HK Hotel 17.20 17.30
1500 22.13 25.03100
IK Laut Really.... RUDDER Amalg.
1.476
XD UTILITIES Tran
1.10
22 M
34
-Balted Press.
Taipei And Malayan Joint Venture
Singapore, Apr. 9.
for spot cotton,
were other handler
Says Malayan
Kuala Lumpur, Apr. 8. Other traders felt the recent The lower price of the tin offered by Ching to Japan
rise to the highest level in nearly 54 YCHTE discounted some of the bullish aspects of the situation.
Conversely, sellers were cau- 17:30 tour in face of the canines 3225 uberlain long-term
5.000 1.50
for
}
a
New York,, Apr. 8.
10
Rex rubber futures today
closed unchanged to points higher with sales
of six contracts.
May
July
Sexit
Nev.
Jon.
Mar
May
20.05
20.00
Standard contract clased un-
changed to 10 points higher
with no pales reported.
Mas
July
الرسمية
Nuv.
Jan.
Mar.
May
aj
26.50
20.35
20.0
54.00
20.00
20.00
20 ca
The fatures and spot markel remained eloss
traders awailed developments generally. Shipment offerings were moder- atp but consumer Interests hore was practically ni. Spot No. 1 Res was quoted at 28% cents.
AMSTERDAM
The market was duil today. Prices were all unchanged.
SINGAPORE The
market opened ground the previous levels and cased fater on. Hedge selling was on aqulet market.
was the only factor to cause any worry, mining circles said hore today.
Otherwise, the announcement that China was selling in are fure, elus expectations
loan and directly to Japan caused little higher governmicat 1.375 1.00 28,000 1.30
prospects 3.309 1.30
eutback of concern here. for
One prominent miner said It There was some switching 5.000.000 neves this year under
mado practically no difference. operations mainly on April Nɔ. the soil bank progisinini's
He said: If Japan does not Rus. Future closings were: 24 304170
Evening-up operations in the 307 71.70 100 21.00 May delivery, anticipating first
No. 7 rubber per 1b. April 7076-7715 May 2016-2014 1,500 se 21,80 police day April 24, wh, a enn- 2.000 2300 ribuling feature. The May pasi-or dispose of it through Russia," rubber per 15, April 7219-73
The only point that could 155,800 tion Loxlay 1003 bules. The certificated stock re-enuse some worry in the price Spot cubber baled
factor. But even in this, when anket creps 32317mained nt 23,452 bales.
·300 17 GO
exporte for the one considers that Malayan tin Raw calton 1,000 17,
5001719 season to late totalled 4.080.137of a better quality, it really
bak bates vs 5,504,645
last is of no problem at all."-Neu- ylar, according to the New York ter Cotton Exchange,
117
1128
Star Ferry Yaural XD c. Light
22
17.40 17.00
150 21.09
Eectric
...
20.70 20.00
540 6 20.8O
2.000 2.1K
500 ... 30.0 1,000 O
Telephone
28.40 20.00 1,000
20
28.40 2012 2,500 2. July
Month
100 2811
500 2012 Dec.
Mar
INDUSTRIALS
Cement. 20.30 20.80 500 20.00 May
Rope
A group of Formoson indus- STORES, ETC.
Totalled
Volumes Open falergin
IL.
103,KA)
$0.5
107,2
223,1990
9.500
117
7,500 130.00
$1,400 137.500
4,400
$2,000
85 1,682,700) balıs
NEW YORK
Prices of cation futures closed
200 20.00
Jay
24
Total
..... 17.30 11.50 1,800
17.30
300
17.40
it it.20 50
11
3,300
$1
4.55 4.499
0.70
trialists and Malayan Dairy building contractors plan- waton ned a S(M)2,000,000 COTTONS cement factory at Batu Textile Caves, five miles north of INVESTMENTS Kuala Lumpur, the Straits-Yanglaze Times said today.
The Times said work would
Nanyang
Sungala ....
today as follows:
Spot: 29.90
July:
26.03.05;
35 20: MAY: 26.03: Dec: Mine: 30.1: Mitev: 20 Juny: 36.11
NEW ORLEANS Prices of cotton futures closed ~~,900~~~~20-|-10day-as-follows;
5.40 1,330
1.50
start this year, with Malayan London Foreign
shareholders contributing half
42 initial capitel and For-
12+12
27
173
"
BAIS
C.1.T. Financia: Corp.
mos dhe uter half.
Machinery
and
technictin
would cuma from Farmes, the Tlines sold, and Mr Lve Leong,
weng, a former governor Fuklen Proviner, wild
19 the new arm-Reuter,
Exchange
London, Apr. 8. Closing rates were;
New York
of
i Mantreni
head
LONDON STOCK
MARKET
Amsterdam „Copeklingca
Man Stari Vienna All
Prens
Spot: 34.05; Miey: 31.70; July: 36.03; Del: 36.30; Dee: 30,50; Mur: 3070; May: 36.75 July: 38.94
LIVERPOOL
Calion future closings. In pence per fly, were Contracts May/June
cos Icllows
́ ́Ainericää" 24.5: Juldur.. 24.70; Oct/Nov. 21,50 Dec/Jan. 23.50: ar/Apr 26.20.
buy from China, China will drop the in on the European market
India-Japan Trade
Agreement
New Delhi, Apr. 8. India and Japan today
finalised the trade agroo-|
mont signed in Tokyo on February 4 by exchanging instruments of ratification here.
The two-year agreement pro- vides for "most favoured nation!! 2.41-11/16-281-13/15
Mixed Contract: May/June, 25.20: treatment and interchange of 2.73-81/16-2.23-13/10 July/Aμ.. 26.72 Oct/Nay. M0.001
technical skills in particular in Dec/Jan., 26.67) Mar/Apr. 2012.
„840 PAULU.
the field of economic develop- ment.
10.30-20.67A-
174032-17463
1172-11824
52.74-72,77
New York Metal
No. 3 No.
tin. pate crepe...
JI
F3
59-0914 016-071 701-7731 0314-04
.... 70.00
LONDON The number market was very at 23- quiet with spot quoled 1,30 pence per tu. Prices;
No. 1 Ren spet
......... 23-2316
| Seiglement House term:
May
July/Aug.
23-231
June
23-201
223-23
Det/Dee
23-231
Jon/Mal
23-234
General markets, elf bars, ports!
April
2714-223
May
2239-222
June
2146-221%
2376
-United Press.
Estale crepe
thin April
hijek April
New York Sugar
Market
New York, Apr. 8. World No-4-sugar-futures-
closed five to eight points lower with sales of 842 contracts.
Domeslle No. 0 sugar futures closed-unchanged.tu_3_points...
of 179 con- India lewer with sales
tracts.
Trade buying und covering prices after a sharp
uncovered stop-loss selling, drifting prices down as much us 10 points.
In the United States, the aver-will reciprocate with iron, steal, forenoon reaction. Liquidation
age price of one-inch cotton at 14 designated spol markets was 34.55 cents.
and
Cotton future closings, in
Under the cement, $13 мете cruzeiros per kilo
will export lo Japan spices, tea, unchanged.→→ United follows: others
Iron and manganese July, 42.00: Oct., unquoted; Dec.. tobneen, 42 80; Manquoted,
ores, salt, men and coal. Japan steadied
railway equipment, machinery,
and chemicals ships
January pharmaceutical products, in the period from through September 1957 Indla had an adverse trade hainnee with Japan of 180,000,000 rupees (US$37. miniony Untres Press,
Futures
Total sales were 11,679 bales, New York, Apr. 8. of metal futures closed-United Press.
market today was the rush touny in cents per b. as follows:
May
July
واندگی
Baldwin1-21110-Hati,
Baltimore & Ohio
232
nul
Itenclicial Finance
Benedix Aviation Corp.
Benguet Cons,
Bethlehem Steel
Boeing Airplane
30%
Burden (The Co,
074
Turtonghe Adil Machine
2025
Campbell Soup Co.
Comidian Pacine 1.
2416
London, Apr. 8.
Came ( T ) Cv
The striking feature of the
Pelees
Chrysler Muzes
Cluett Peabody
Colgate-Paliwdive Co
SPAS
Colombian Curtion Co
34%
to get British Government Lead stocks before bank rato is Zinc again lowered,
July
Commerbl Credit
Commonwealth Elec.
P
Consolidated sun Continental Oit of Del Crown clitzbuch
AUT
War Loan denund and
TOKE
was in special
13/0
Copper May
July
4013
4911
to its 2- Old of £75.
Tin
May
July
20ty The railway
stock gained nearly 12/-.
17540
1019
B
572
M
transport-Cuban Amer. Sugar
Plamond Alkal Diamond Match Cu Dinas Aircraft Dow Chemienia Dupont de Nemours Fister Airline
Eason Kodak
Par National Gas
Family Finance Corp.
Firesline Tyre & Hubtær
Ford Motor
General Electrte
General Foods
General Malon?
Gen. Fab. UNI.
Celty a
00
5,20-21
10.70D
0315
22.501
22.500
01.fab
01.500
Untied Preux.
in
London Metal-
Prices
Laudun, Apr. B. Prices of metals closed today long ton ns
Exchange Rates
Business was done In the market uhoitical exchange 728
morning at the following Yates:- US. daltar (per $1)
Selling reflected a pick-up in plus Cuba il cperations, reports that increasing quant- ties of sugar have been moving
the Fat ***
Dumesile. No. 8 contracts held relatively steady. Setbacks have been limited because of the Hawailan sugar workers' strike which has cut off supplies from that area since February 1.
Contract No. 4 (wart): May: 3.37: locutul 3.37: Oct.: 3.30; Mar: 3.07
fot this May: 31: Sput-icents per
COR): 342;
interest: 0,040 5,70 contracts. 10.07 Contract No.. Idumestic): May; 12.58 8.00, July 5.14 Sept: hp, NOV: 6.37: Nyerents pes b. clf NY ex-duty); 6 Open interent: 2,402 echimats United Pre
per sterling
follows:
buyers sellers
Tin pu!
211
731
th
728
Copter spot
192
3-meath
1724
Leud 1 harit Apr...
71%
712
Jiy
15
7124
Zine 1st half Apr.
MEL
#11
Australian notes (per 21).. Indonesian rupiah
per 100)
FILMU
July
$1
014
Stam tical per 100)
06.70
United Press.
Singapore Straits;
1.48
Bter:Ing not (per 1
Open
ANNIE DOUAREN 19-year-old queen of Parls,
6714 compared with peak month's
Consols rose 12/6 to £60%.
nationalisation New York Foreign
This encouraged A certain amount of buying of the very high-grade Industrials but the welling-due
to the Americau
Wall reccusion and
Street's uneasiness—virast enouch ແຕ check most rises beyond Od or DIRA Bel.
1
Textiles were all lower but 20selected engineering awul elec- trical equipment shares Im- proved utrifte.
Glider Co.
N
Gantrich AF Cas
Gosidyear Tyr
Gulf 9:1
LOT!
Hentake Ming Co.
Heyden Newport Corp.
13
37
Ingersoll-Rand
In end Steel Co.
74
Interchemical Carn.
3415
inyl Business Machines
Int Harverter.
International Nickel
7324
Internetional Paper
JONI TUL. & Tel
John Manville Co Kansas C. Power the Light
Kentecoll Copper
kett Mesers Tok, Co. Lockheed Aircraft... hows corp. ******* Lone Star Cement C5. wenstein & San. Mefon:1611 Alfcraft Stock Exgc.) ........ Merabl Iron Corp. Minnesota Mining
Mision nemt
Monsanto
Maulgomery Ward
Mateula Ine:
National Casti Reg. "A"
National Dairy Prod
National Lead
National Steel Corp.
New York Central
Norfolk & Western Ry.
Olin Mathieson
O Elevatore
Owen-filingin Glas
Oxford Paper Cu. Pacific Gan & Fire.
Acrican Airways Jaranidunt Pictures Parks Davis Co. Penny J. C. Co. Penn, Salt Co. harris
(rocter & Gamble, Co. Pitsburg Plate Giam Publieker Industries
Hadlo CorpuCATION Radio Corp. Bref, Republle Steel
Heyolda Motal
Bears, Roebuck & Cμ,
used a Manila-bound airliner as a post-card when sho pencilled in lipstick an invitation to tourists to The protty Parisienne will reign "Come to Paris." over major events of the tourist season. expects to entertain four million tourists during their of
year.
Paris
Shell Oll co
Reint Hor Piper
Fugany Mahijoli
"Bolar" Afroraft
(Am.
In the oil British Petroleum and Royal Dutch closed vir- tually unchanged, Shell Trans- port Improved 140 and Cami- dian Eagle about 1/-
Foreign bonds drew prac- ileally no buying or selling, Germans, Japanésë and Chinese closed gll unchanged-United Press.
Singapore Stocks
Singapore, Apr. 9.` Brokers today quoted the fol- lowing stock prices;
431 Dalu Lintang Rubber Co.
Ltd.
13
48 British Dorneo Pelroleum
Syndicate
301 Consolidated Tin Smellers
Frumer & Neave Lid Ord..
Opening
31.74
375
Ord
27
50%
14
Fraser & Neave 75* cum.
pret
$6.05
*
ふです。
Hongkong M
Shanghai
*072
Banking Corp.
$30
Hongkong Ti
LM.
1.50
BISS
Gänsmans (Bialoyal Et... ....
Iunner Ltd.
50 Kunia Kamper
Tu
Luhas Rubber Estates Ltd. 31,m
道 Malayan Brewerin
33) New Berandan Jubber
B
Co.
*Lid.
71 Petaling Fries Lid.
$3,50
Mattalles Hotel
$2.0255
234ngapore Cold Storage
zails Pireding
02.0736
001
Arkite Blestishijs
ROSTRIST
Sy
United Engineers Ord.
cumdiv; 1 exali. - Spin "Mall"
181 Special
Wourija „Fitp... (39.17
Exchange
New York, Apr. 8. Closing rates were:
Canada: 103; Ofters uncharged.-- United Press.
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