TRANSPORTATION
A FULL YEAR OF DESIGNERS START DC-7C OPERATION ON 3-ENGINE JET
ORTHWEST
DE
London, Apr. 20,
jet
the
THE CHINA MAIL, WEDNESDAY, APRIL 30, 1958.
TRADE and
The New York Stock Market
New York, Apr. 29.
Stocks fell 1 to more than 3 points today and some of them came back from their lows late in the session.
International
airlines, Narat
E Havilland "designers; cominercial air
Business Mu an American Airways... carrier to utilise DC-70
working on ore
and then equipment on Trans-Pacide D.H.121, the three-engities-chines fell a polut
met support on declaration airliner the usual dividend and a slate- services, completed on April at-the-back 28 its frat full year of chosen by British European ment the decline in orders that
began
September DC-7C operations, in which Airways for the 1980's.
ended in March. 74,916 разясняет were
De Havillands are the biggest selling set in and the issue carried over 6,000,000 partners in the new Airco con-drapped more than a point,
miles and nearly cern formed
the to produce plane
Eastman Kozink which was With its range of Phammered down, met micager 225,000,000 revenue passen D.11.121.
to 1,000 miles it will not be in ger miles, it was anounced direct competition with the big support and recovered part of a by Joseph S. Sykes, Hong-American jets which will start loss of more than 3 points. Olin Saint Heg. Paper kong District Sales mana-operations on the Atlante route Mathieson met support after
decline of more than point, in November. ger,
Lower earnings for several Of
this group companies brought down fraction to a point late in the day.
Northwest, which was also the COMET ORDERS first commercial carrier to put DC-70% In cotist to coast service In the United States, has re- celved twelve DC-7C's to date with Two more schiduled for delivery in May.
Meanwhile the de Havilland. works is hopeful of Hatheli,
Tuppen
2
Sxclair Od
Solar Alteraft
Southern Co. (Thai Southern Natl Can
14T0 30
COMMERCE SECTION
HONGKONG STOCK EXCHANGE
Qur Own Correspondent Business done on the Hou- 194 kong Stock Exchange this $35 | marning amounted to approxi- 50% mutely $435,000. Noon quot- tions and the morning's Trans- 754 actions were:
Hayer Sellers Sales
GO 7CD
33
RAVENNA MAPUNTARIZE BASICODEM JEDLAZIMISHA
HONGKONG'S COMMERCE, NEW YORK
INDUSTRY & FINANCE
you want to know what Hongkong is doing in
RUBBER MARKET
New York, Apr. 29.
closed 8 points higher to 10 points lower with sales
of 116 contracts. May, 25.
Juky, 23.30; Sept., 3 No. 25.70: Den, 20251 Mar.. 25.25:
tay, 23:25.
The' market cleted on
stendier role, after an easy start. on small commission house hy-
the way of public finance, local taxation, cur-Rex rubber futures today rency, banking, investment, insurance, port facilities, warehousing, employment, wages, and labour legislation, in short, all the business of commerce and industry, you couldn't do better than to get hold of a copy of "Com- merce, Industry, and Finance," published by
ing on the floor. Shipment offer- the Department of Commerce and Industry.
Ings were reported, to be on the Light site as far as volume goes, Ribbed Spot No. 1 Smoked This well got up publication By way of a supplement is an at 117 pages places before the alphabetically listed Intex
Sheets were quoted acminally at wants to the leading manufacturers, pro- | 25% cento a pound. businessman al he
Hong- das know about the considerable acesses, and exporters
Vances Hongkong's industrial kong produced commodities, institutions are making
This is followed by the re- gistered brand names of Hong
all
Starting with chapter on Hongkong's politicul
history, (alta covered, by the way, 100 3250 Government's handbook on the 700 3250 Colony), the Directory of Toe 17300 The
Industry, 14.40 14.00 30001460 Commerce,
Paramount Pictures
ot
l'arke Davia Co Penny J
Penn. Salt Co.
Pulp Morris
was
The new
Procter & Gamble Co. Piluburgh Plato Glane Publieker Industrien Pure 11******** Radio Corporation Radio Corp. Pref.
epubile Efeel Reynolds Micial Sears, Roebuck & Co. Shell O LO.
Mitures BANKS
HK Bank
170 TES
CD12
SHIPPING
Wheelock
0.05
† 10
CEO M 1 DA 1000
272
701%
DOCKS, ETC.
22. Wharf..
110
32%
13
Duck
J*rovideni
1.40 11.00 300 11.50
15
LAND, ETC.
30f
Ik Hotel
16.10 10.20
HK Land..
32.50
200-202.50
Southern away (Com.)
ieej Rack (Toronto Exge.) Sterling Drug Co.
Stokely-Van Camp.
12
Studebaker Packard Corp. Sunshine Mining Texiren ka...
412
She Land
Humphreys
Realty
10
Խ
RUBBER
Trurt
1.20 1.275
A. Tawah
1.05
ΠΩ
100
UTILITIES
Tram
24 20 25 50
50%
Star Ferry..
10
Yaumati
G
22
C. LEIL
5.3
estrle
20 50 20.420
14
10.
249
500 20.00 1500
20 6
20.20 20 40
200 24.30
Rosle pruducts ran up more than 2 is the prcinis. Ainorian rare Comel orders. First of the Buikus Tore 2 points while new Comet 4's will be in the air
Bath Iron Works in that cate- by the end of this month. Re- ports from the Argentine Ind-gory last nearly a point, Kroger rule that a £7,200,000 contract rose a point in the store istics. between de Havilands and the Of a lotal 3,184 issues traded,
587 were lower, 317 higher, Argentinian airline is savo to be
New York Stock Exchange signed.
volume was 2,190,000 shares.
New York Stock Exchange bond volume was $9,270,0XI.
Exchange American Stock
All of the 350-mph planes are pressurised for comfortable high altitude flights and are equipped with weather search radar for smoother fights in all weather,
Northwest's
Sunner GERMAN JET schedule has four dally Trano- Continental DC-TC lights in
New
each direction in the United
States.
East Germany's list jot air- her, the 18.152, is expected to
It
volume was 000,900 slurs.
Dow-Jene: elesing averses
were:
in
30 industrial
20 rads
make its Arst night soon. curries its four Jet engines "pods" under the wings, Ameri-
like 5 can fashion. Russin's jets, the British, meurt their engines, 65 stocks wing.-- Lation Ex-45 Londy hide the
Northwest's President, Donald W. Nyrup. sued the following statement on the occasion of the Trans- threat anniversary Prelle DC-7C service: "As we begin our second year of press Service.
scheduled Trans-Pacific service
with DC-7C oplanes, all of us
al Northwest Orient Airlines are
proud of the part we have been SISTER SHIP FOR
able
to play In bringing
United States
closer together.
the
and the Orient
short
"Since pioneering the North Pacific route nearly 11 the people of the years ag United States are now closer in Ume to the people Korea,
.78
77.10 $56.22
Comm. future price index ..
195 77
Closing Prices
Alden nu. Acy.
Allied Mls ne
Ailled Cheandeuli
Alla Chahinery
A. Broke Shoe
ss UNITED STATES America Aline
Washington, Apr. 29. HE House, rejecting a
committee,
today
American Cable & Rates Corp.
American Cyananuld Ch.
Amer. & Forgn. Bawe:
Am. & Electri
Am. Mach. & Fury American Metal
A. Sugar Ref.
American Tet. & Tel.
Copper
of Japan, Okinawa, Formosa rules Hongkong and the Philippines voted 340 to 31 to consideren " than ever before In hlstery, We are pleased that commercial rir immediately a hill to build transporlatun h podbie."
made
ARGENTINE FIRM
BUYS COMET 4s
this two new superliners.
one
each for the Atlantic and the Pacific trade.
The bill would let the Mari- time Board build the two liners and sell them, at subsidised prices, to the United States Line Co. and American President Lincs, Ltd.
Armen Sicel
Armour
Atlas Cons. Mining Hedwin-n-Ham.
| Baltimore & Ohio
de Water Arn. Oil Time Ine Twentieth Century Fox Flu Union Carbide
Union Pretile alway in Oil of Cal
United Aligrof
US. Fail *}"
US. Gypsum
US. Lar Co. 11.5. Rubber
U.S. Smelling
US. Sterl
warner Bros.
Western Union Tel. Co, West Va. Pulp & Paper Woolwerth
40%
United Trens.
SYDNEY DOCK STRIKE
IS FEARED
Ayer Tawai
Int. Divi
dend
Tel.
INDUSTRIALS Cemen Amoy Can Metuj
STORES, ETC. Patry XD Wathort
2. Craw
and
Kong products, and last of
the offices and cable addresses of the Hongkong firms already meniloned.
1
The Directory is exactly what it claims to, a clear and concise
1,475 1525 20000 150 Finance, goes on to discuss the account of all the Colony is
2000 vi 1.00 geography, climate, and
17.70 $7.00 TO 17.0
200 N
500 28.50 30020!
500 626.30
later of Hongkong.
p-achieving in Commerce, Indus- The value of the Directory I try, and Finance.-J. L that it places all the necessary faels before the realer in con- zise form, and supplements its Information with easily under- standable tables which relate in Bgures what has already been suid in print,
AVIATION
Ilem
500 20.30 civil aviation places that
29.30
first in the chapler on Transpoil and Communications, and states nodestly that "Landing facili- Hes are being extentively de- veloped
Locking down
LONDON STOCK
MARKET
London, Apr. 29.
SINGAPORE
With Lotion and New York only adjusted downward in sympathy with Singapore, the markel opened steadier than last night and held with only narrow fluctuations at that level. Business for most rart was one at 73% and there has been fair quantities for lower sheets at about yesterday's differentials.
Closing prices; No. 1 siber per in. May 2346-2516 ane 131 11 No. 2 rubber per lb. May 09-09 No rubber per ib. May causát, No 4 ribber per, 19. May Spol rubber unbated.
Blanket crepe.....
No. 1 pale' crepe
LONDON
2-6214,
7536-7376
50-67 7514-7714
The rubber market was quiet- ly steady with spot unchanged.
No. 1 Ess spot was quoted at: 274-277%
Settioment houry termi
May
The Increasing importance of Markets had a depressing day; the threat of a big strike on the trouble in the Middle East, the un- cortain business outlook July/Sept all combined to make | Jan/Mar. many people, decide to take a loss and clear out. Tumover, however, excessive at 9,055 bargains and the decline in prices was mostly
Electrl- of a shilling or under.
300 10 30 table 10 which is the visuel ak!
to this section of the book,
20.00
1.15
203
RCO M
16.30 16.30 10.00 11
13.90
1800 10
2016
COTTONS
the
Texti INVESTMENTS Sangtee Allied
4.50
5.29
4.40
and
Melbourne, Apr. 29.
Waterfront work
in
major Australian ports of Melbourne, Sydney
Brisbane was disrupted
today by the continuance New York Sugar
of a dispute over the splitting of dockers gongs,
The Melbourne
waterfront
came to a standstill carly today when dockers quit work, throw-
idle 20 ship maloly Overseas freighters.
not expected to resume work
Prices
New York, Apr. 20. Prices closed today as follows:
Contract No. 4 (work)
1
notice that 17 different alrìines are operating on the regular in- ternational Services into Hong- kon
In the same chapter on trails-
Beletri
dluek
21131-22
net/Dec.
11-22
General markets, et basta
ADT.
May
June
July
was not
Eslate crepe film May
titek May.. AMSTERDAM
The rubber market was duil.
por! and communications, are cals were nearly all down a some excellent recent photo-shiling and chain stores by 60 prices closed today in guilders graphs showing the development or a skilling.
+T
were
the ferries and the ear
Oils were extremely active parks.
over to but they obviously had one Chapter 12, giver Trade Organisations and Trade buying on this, the last day of Promotion Servlets," we find in- current account, top price small. Bilish formation more suitable to the changes specialist; nevertheless, a haars Petroleum was no exception in Dutch was 3.41ance through the subject nut losing 1/9; Royal
Ier convinces even the casual unchanged. 34 reader that the crganisations 3.40 are vigorous in their applies- 3.40 Sputeletris per 1b. fub Cub 3.45 tien to the task of making the
Open interext: 0,334 contracte.
Contract No. 8 (domestic)
30%
20
€31% J
21?
175%
06
447
4350
1451 lug
6
Biny
The Melbourne dockers
July
are
Bent
Beneficial Finance
2
Mor
Bendix Aviation Comp
40
until tomorrow morning.
Two
July
Benguet Cɔna.
EL
Bethlehem Stent
3
301
of Melbourne's 4,800 waleriders
hours after work stopped, 2,500
03
attended a stop-work meeting.
July
201
This was the eighth stoppage
Sept
Nov.
241
15
50
Chase Manhat. Dank
19
Claysler Modera
Clue Peabody
441
Lo-gate-Primožive
Colombian Carbun Co.
Commerdist Credit
two
Commcuwealth Eirc
27
621
Consulated Raison
54
Continental-O of Dei
492.
432
317
Buenos Aires, Apr. 29. THE Argentine govern-i of the Merchant Maritime Com Tment today issued a
Choliman Herbert C. Dunner
mlitee, which sponsored the
the
and sald
subsidica
decree authorising the Aero-bill, linas Argentinas to purchase oneing aids provided in the
De Havilland Comet, bill offered "the
Bix
Interests
only feasible method" of building the four aircraft and spares. vesels. He said the ships were
essential to national The contract, signet
und security. the value of March 19; to
£9,050,000 plus on agreement | SUBSIDIES with the Holls Royce company worll for
inators Spur
£1,348,000.
The Government's derision is a inajur victory for the British sircraft industry in the face of zi competition from United States manufacturers especially the Boeing company.
The Argentines were believed to have chosen the Cornet be- cause it was able to land on any existing major airport in Latin and because delivery America wli start Inte
next year Reuter
THE BOEING 707
Renton, Apr. 29.
DOEING Airplane Com-
Subsidles provided in the bill exceed those normally provided ship operators. Ordinarily, the pays for no more government than 50 per cent of shipbuilding
Jur costs. In this case, the chasers would pay only 45 per cent of the costs.
In
cent
Booing Alaplane Borden (The) Co. Burroughs Add Machine Casaphell Soup Co Canadian Pacific Case (31) Co. Cat Tractor. Celanese Corp.
C.LT. Financial Corp.
Crown Zellerbach
Cuban Apres
Sugur Diamond Match Co.
Douglas Aircraft Dow Chemicals Dupont de Nesavars Fastern Airline
45
in the port this year over the Spot-rechts per ib, "eif NY' gang-size issue.
At their stop-work meeting Melbourne duckers called for immediate strike action if the Australian stevedoring Industry authority which controls the 37% waterfront, continued "to apply
disputed clauses of its orde permitting splitting the 15-
mani gungs,
JKB
5.7)
עד.
per kilogram, cit May us follows:
No, i rubber
No. 2 rubber
No. 5
rubber
No. 1 crep
2.12 пот.
2.00 $10951.
1.P1 mm-
2.21 nom.
United Press.
N.Y. COTTON
T
PRICES
New York, Apr. 29. Prices of cotton futures closed today as follows
July: Spot: 30.0in; May: 35.00; 14.04 Del: 3098; Dec: 9727; Mar 3724 May: 3040-50; July: 344
British governments dest there why some ground but buying just before the close. 'olony's products knoWWU
Germans were qulet and the Table 2 shows that 30 over- 0.10 sons ecuntries have trade rere non-assenteds closed unchanged The assentedes were Rentatives in Hongkong. Chap- though ter 18 will probably appeal to fractionally down. Chinese were
lower bul the Det: 15.01. 560 the greater number of aders, fraelionmily
asscnteds d It is headed "Miscellaneous In Japanese, both
Ποτ formation
Visitors and non-ussenleds, were unchanged. Only really
active section after a resume of the positon the Veer or temporary residint of was Surz Cawl, on the signing the Colony holds, there follows the agreement a concise, but detalled, review of all that the visitor should do in the way of registering him- self while in the Colony.
Op: interest: 1,740 contraela.. United Fres
London Foreign Exchange
London, Apr. 29.
Closing rates were: The dispute spread to Sydney New York
Montrent today, when men stopped work Amsterdam on two ships on the split-gong | Druasela issue.
Copenhagen Frankfurt
A general walk-off in Sydney Miland
Parts Seventy men were involved in Stockhola
Zurich today's dispute in Sydney.
J
Easton Katak
194
Is feared tomorrow.
El Pard National_Gas Family Finance Corp.
329
ME
Firestone Tyre & Rutter Ford Motor
84
502
General Electric
General Foods General Motors Gen. Pub UUL Gelly Qu
Gidien Co.
Goudrich L. P. 6. Gondyear Tyre
tanke Miting Ch.
Interghemical Chry
addition, special finance would be provided. The pur- chasers would pay 25 per
ingersoll-Rand down, with the rest to be paid over 20 years
a1 3% per cent and Steel Co. interest. Ordinarily, purchasers International Mickel International_Paper must get their Anancing pelin Tel & Tri
John-Marville Co X14507 C. Power & ghi Kennecol! Copper.
vately.
The new Atlantic vessel would be a sister ship to the S.S. United States. It would be 900 feet long and could travel at 30 knots, including military features paid for separately by
grit Meyers Tob. Co. Lockheed Alterati Idows Incorn. Lone Star Cement Co. Lowenstem & Sons.
McDonnell Aiteralt
Stock Exgo.) Menall Bus Corp. US$130 million. The Minnesota Mining tests of its 707 jet transportnited States Lines would pay
Dent with sound suppressors US$47 million. showed that the plane is less noisy than conventional air-
inera.
be
The new Pacille vessel would DOS feels and could travel at 20 knots. It would cost The tests were made during an estimatest US$78 million, President Jemonstrations attended by re- And the American presentatives of nine of the 15 Lines would get the vessel for American and overseas airlines US$34 million or 45 per cent of which bave ordered.--Reuter. the cost, whichever turns out la
be higher.United Press.
Co
Mat Montgomery Ward Motorola Inv....... National Cash Reg. “A National Dairy Prod. National Lead National Steel Corp. New York Central...
in Mathies oua Elevators Owen-linols Glass Oxford Paper Co. Paciße Gas & Elec.
Similar disputes are feared in other Australlan ports, where
the new
4.01 11/16-281 13/15 2.13 3/10-2.73 2/14 10.69-19.50%, 1304794-130321; 15.3447-19.33 11.7394-1171T 174034-374034
117112-1279 14.302-142015
13.26-12.244
Others unchanged.-Ujilted Press.
regulations have not New York Foreign
yet been brought into force-
Chinn Mall Special.
Singapore Stocks
Singapore, Apr. 30. Brokers today quoted following stock prices:
cumi, pief.
the
Opening
441
312
Batu Lintang Rikber Co., kid, .... British Borneo Petrolan
Syndicate
$1.70
60/-
TAM.
Connoidateel Tiny Siefters
Ord.
27/-
Fraser & Neuve Lid. Ord.
Fraser & Neave
$4.05
Lid. #22
$110
$155
28/6df
$1.03
$2.3214 di
$2.67%
SLOOS
431
Gammone (Malaya
ilongkong &
Shanghai
Backing Carp. Hongkong Tin Lid"
Kumpos, Låd.
Kuala Kampar tin
Rubber states
1573 LUT
48°4 Lid. ***** 141
Malayan Breweries
33% Now
Serandah Rubber
Petaling Tin Ltd
Ruftics Botel........ $2,024
Sapore Cold StoraKE 19.03
Strata Trading.
$1.50 edeb
Straits Steamship
$0.61
United Engineer Ort...
Weathe Brom.
Exchange
New York, Apr. 20. Closing rates were: West Germany
Argentina
1233
Other unchanged-United Pres.
FACILITIES
Having Anished with the more visitor's mundane things. the attention is drawn to the fuel-
es the Colony offers hi the) way of accommodation, staurants, transport. seeing, and even gives a list of the publle holidays.
sight-
for the re- the share- holders; the ordinary shares rose £1 and the founder £14-United Press,
linbursement of
'n
shares
London Metal
Prices
London Apr. 20. sterling per long ton leng lan sterling per
follows:
rpot
Copper spot
NEW ORLEANS Prices of cotton futures closed torlay as follows:
Spot: 34.00; May: 3587: July: 30.33; Oct: 3481: bec: 31.01; Mar: 37.23 May: 3726: July: 36.40; Oct: 3500,
LIVERPOOL Colton future closings. pence per ib, were as follows:
Americon Contract May/June:
Oct/Nov 25.30; July/AUR: 25,90: 20.00: Dec/Jan; 20.01; Mar/Apr: 20.CU,
ic
Mixed Contrast: May/June: 25.32; 23.65: July/Aug 20.25: Oct/Nov; Dec/Jun 20,95: Mar/Apr 27.25.
SAO PAULO Colton future closings, in were as fol- as cruzeiros per kilo
slows:
Busers Sellers
733
7334
3-month
736
730
183
104
Lead 2nd Pr Aur
3-month
101
102
July
7334
hair
C4
July BA
United Press.
In this section are some beat- ful colour photographs, in- cluding one of the most beauti- ful to be reproduced in any book dealing with the Colony, a landscape print of the New Ter-Zine 2nd ritories.
May: 41.00: July: 42.; Det: 43:
Dee: 43.70: Mac: 45.00.
In
the United States, the average price of one-Inch cot-- Lon at 14 designated spot mar-
75kets was 34.0 cents,
Tolol sales at
these
max.
Gels were 14,095 bales.-United
Press.
The as United States
0124 13.07 -Cisina Mail Special.
New York Metal Futures
New York, Apr. 20. Prices of metal futures closed today in cents per lb. as follows: Lead May
....10.ga
Zino
July May July CODPOT MAY
July
Tin MAY
23.300
23,553
ung.
-United Prok.
Exchange Rates
Business was done in the local Anneal
inoming, at the
markot
V. dollar (per $1)ANGR Sterling noto (per £1), *****
australien noter {por "21)
Indonesian rupiah (per 100
Sam Sicel (per, 190)
Singapore (firmite)
this
TWA
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