How London Banks Showed
MORE than 40 per cent of the world's trado is carried on in sterling, and continues to bo the world's leading centre for the financing of international trade.
INSPORTATION London
CRISIS FOR BRITAIN'S SMALL SHIPYARDS
WHAT has become a rare event in British shipping occurred recently. A British ship- owner ordered a new ship. But significantly, the contract worth about £1 million,
lost to France.
The number of ships laid Up and the world is now estimated to represent some eight million telis grors, asturinst a world fleet of 104 milliam tens (excluding the United States Trollball Rect of 14 allion world's 1) fete of the werkt shipping slump since the 4. ly 1930's.
And shipownes ek of con- Gdence in prospects of an in- nadial revival in world trade IN vikat progostications
the gloomy | contained DA Chairmen's statements and tran The gesing of interum dividende. INOPPORTUNE
For shipbuilders and pers the reversal in fortunes could
linve
ed
|ܐ
ان
happen-
was
products of the small yards, and frece oompetition prevails for what new work exists. During the past year or so, European and Dutch in yard, German parliculor have succeeded in obtaining orders from British
specialised wners or mall craft. Lloyd's Register's figures show that the gap between an- porla and exporis has widened, rad toange building abread for British ownerships.
177,179 s more than ballding for regstration
(300,329) lons, #52,160 tetis).
Tramp Freight
porte Rates Still Low
tre, at many are in the miest
eatly development
<.
1992- Hamas which denout con- tinuity capital investment, Now,
TIRAMMER
is now we nee over- against
RAMP shipping freight rates are still running
new work is hard to find, and at the lower levels to which
jndustries rising un-they dropped in November 'employment in causing concern.
fallowing the short-lived re- covery in the important grain
Britka shipyarde are
Kenally briter off then the transport trades.
foreign competitors. The British order k totals an ampressive
It seems, in
fact, that
the
5.4 million tons, valued at ramtenance of even the present colinated £750
milion
and
hany of the bigger yards have three years' work in hand at the present mte of vulput.
But now the glut has turned
famine. tr. it
Already, fi nearly ቀስ year, cancellations have been running three
al
mder. times the site of new And Mr R. D. Rogner, president it the Britten Chamber of Ship pin, said that published Agure ot the
Cancellation
depressed
level of freights 13 dependent upon this one bulk curgo trade. Tramp owners ex- Bet no support from the oire coul trans-Atlantic powerful Leuße
Chartering by European grains importers to make up for the bad 1958 harvest is drawing to a close. Europe's grain harves! this year, therefore, could have
HONGKONG STOCK EXCHANGE
by
Our-Own Correspondant,
Through the Sterling Ares, London acts as the banker to a large number of other countries, and pay- ments between one part of the Ares and another are made by transferring claims in London, just as ordinary private debts are settled by
The
Way Wall St.
Activity On London
Continues To Dwindle
locked
London, March 26.
·
Co
diet
Has
More Gains
Than Losses
New York, March 25....
Gains outnumbered losses today in a fairly active
session.
Front-taking
accounted
tor bonda en
Comm. future price Index
post of the market's raggedness, English Electric Co.-0ÁN,
with some issues losing most of General Electromalla íd.
all of their early gains. Traders shipping
pild more attention to Indivi- Indo-Chins Steam "Nav.
duct ormāla id.
corpordic P&O Stewn Navigation def ord- then to general news items. 31 d.
Stores Great Universal He 10d.
Marks & Spencer Ltd.-57a 1011⁄2dł. Woolworth F.W. & Combin 307jd.
Textles
"A"—
cheque. For the anke of Activity in the stock market today continued to dwindle
the member convenience
with most prices closing mixed. countries hold their working |
Gili-edged securities just balances in London ns individuals hold their support and Anished fractional-
ly lower. Business done on the Feast-working balances in bank
Industrial stocks were irregu- Stock Exchange This deposits. kong
lar. Blue-chip issue's were morning amounted to approxl-
Sleeks were But to assume that the com- mostly unchanged. mulely $1,200,000. Noon quoto- tions and the morning's trans-plex financial organisation neces-Arm on continued optimism over rary was the outcome of careful conservative election strength. planning and systematic deve-Selective demand developed in lopment over
period the electrical engineering and long seould be quite erroneous. Bri- moters Vist. Shipping and tein banking system evolved tobacco stocks were listless.
Dollar stocks rallied from simple beginnings designed to serve purely iceat needs (In yesterday's high close on Wall London. Bellain built a better Street,
credit banking and
machine than other countries and they suna enme to realise the advant- age of making use of it).
1. mbard
9714
10250 20 66 7110
700472%
343.75 CAMK 1.80
actions were;
Wh
Hoyer Sellers
BANKS
mas rank. 702
10
20's
INSURANCES
12
1
SHIPPING
Wates that XD Wheel
575
13 20 20
DOCKS, ETC.
K. Wharf
XD Durk X Prov.dent
KD
LAND, ETC.
UC intel
хи
37.75 1846
11.40 111
21.40 21.00
CON 33.30
* Lum
321
G032
300 19
1000 33
GOLDSMITHS
NOMEONE who could claim a good deal of credit for the Browth of Brillsh banking was 500 31.50 361ng Charles I, although his se
Lion in 1640 were inspired by concern for the ything but common good. For many years. the merchands of the City had ben keeping their gold in the But when Tower of London.
600
B00329
1500 32.38
101.515 the King was hard pressed for
money he seized the gold.
Humphrey
XALL..
14.50 14 0 3600 14.50 1000 14 50 1304 40 14 Co
Ready
1.35
150
Ang
2.25 2.725
1930
Tru XD
2.10
GOOG 2975 12.15
2.03
-
2.53
30.40 26 20
100
100
SOD
Star Fetry Yuumall XU
C. Light
102 100
12 127
102
24
200
$2
17.00
4500 179
Electric
27.00 20.10
A Tawan Humein UTILITIES
Team
a decisive effect on the level si of world tramp freights during the cement ..
second half of this year.
anything orders did not give like the complete picture of
the amount of potential wurk | DEPRESSING which was likely to be lost to the shipyards.
An enquiry the Chumber had made of British owners showed that there was a cher altens gross for urders Lerths reserved
trl
bren
Me
which
AI
pinced
which would Cubist certainly cane to Lathing.
UNPALATABLE
A further impalatable fact is Bin!
well-bala:teedi the
pearance
whieh hr
-
15
Another depressing factor
unable to janiters, that oil cbtain employments in their own trade, are competing for n considerable volume of ery- Cargo business. This week, for
tankers six example, chartered for the transport of United States grain Shipments to India.
Rates
were
for grain carriage from the Uniled States Gif
to the Antwerp-Hamburg range stand at about $5 per ton, con
characterised the British order rared with about $5.25 a month
book in
recent years
is dis-go. From United States Gul! to British ports also they ure appearing,
slightly eater at about 47s od At th
November, per font. crack f zecording to the Shipbuilding Conference, cullers, consters, constal tankers, clc., repreanted orders for 259 vessels of 101.000 lons, caly 1,3 per cent, of the fatal, these figures referring to ért 100 tons and over.
Belish Chamber of Shipping statisties show that the Chaur- ber's index of tramp
shippling reights (1952: 100) declinche 18. points in December to 74.0.
fall The biggest proportionate
in the was
heaviest-weighted which
1000 240
The merchants, having learn- ed their lusson, turned to the goldsmiths for the safe-keeping
of their gold. Sume of these 26.50 deposits were withdrawn, but 2470 others were added and the gold- 20.60 Amiths found they could rely on keeping a substantial part of the wealth deposited with them for the safe-keeping. They put money to use by lending some of it at interest, and once they 2993-10 started on this, banking in the Job 211,10
modern sense was born, Fairly 2107 20
soon the goldsmiths' receipts for 25.40 money deposited with them be- gan to circulate the Arst puper money in Britain..
250 a 27.00 50227.90
1700
Macao E Telephone INDUSTRIALS
31.13
..
25.56 215 3102
21.10 $7.40
ROG
1.50
7.40
27.54
21,00
1000
21.40
STORES, ETC Burry
......10.20
Yur
18
256
220
Walkony
1 Craw COTTONE *Textile
13.00 14 30 13.10 134
Nanyang
.... 223 0.00
INVESTMENTS
It invest.
Allied
RK & FE
Invest
..
10.20
MISCELLANEOUS
440
5.45
THE VALUE
Er all this need never have provided more than the 16.20 basis for
1 sound but still 10.30
banking domestic 300 13.20 resulcted
It was through the system.
idustrial Revolution in the second half of the 18th century that Britala was becoming the world's leading manufacturer and exporter of industrial goods. And this meant that new finan- chat services
radually
B & 16.30 1000 4.25
were
100 1020 Bully up to oll the wheels of
overseas trade.
CHATTER
ON WALL
STREET
New York, March 25.
By the middle of the Just century the Bill on London had begun to play its prominent par in international trade. This only because could happen traders and manufacturers knew that sterling was always useful and was always available.
used for buying -
for the e-
It could be goods in Britain, ployment
ships to
ul British earry goods overseas, or to pay Interest on British loans. Sterl
Those yards specialising index for grain freights,
dateAshan shakeoul is easily in the readily obtainutile In.
and the types described above the auth.
Bre
already
facing crisis.
A
Thirty of the smaller yards had
Coal freights also, according Inis their last keel by the end. Ist the index declined, by cf 1958, and 16 more will do so" Points to 57.7 inst month, this year unless fresh orders are
forthcoming.
REDUCTION
However, the decline in the "small" shipbuilding
follows partly from
industry
a general
The Chamber's lime-charter
possible in this specula-selling food and raw materials tive stock market atmesin Britain or by borrowing for long-term investment or short- phere, but as yet we i
we see
Meru Accommodation no fundamental reversi
PREDOMINANCE
index for December, at 65.0.
3 3.9 points lower November.
of the major uptrend, says United Business Service.
then in
reduction in demand for these Onassis Tanker
types
bí
Lonnage.
Although
there will always be a con-
unuing demand for Ashing craft
and and Lus, many coastal
Tradica chort-ca
are being eliminated.
It is estimated, for example, that within the past 18 months there has been a 10 per cent reduction in Britain's coating flect, while over 20 years there has been a 30 per cent decline,
One
to
has
Fleet Enlarged
Moody's observers that the TODAY,
estánntes American
their
Д
the
per
of
Gold stocks improved slightly on South African tax Cones- | slons. Other mining shores were
mixed.
Foreign bonds and rails were neglected
Oil and rubber shares were mixed. V.P.I.
Closing Prices
London, March 26. Closing prices on the London Stock Exchange today;
tileaged Boride British Transport 170/M-LD, Consols 2977-£61%) Conval£1-5/10.
Conversions
£60
un, 3, 1969-
Funding -Jean 3, $IGUYOD- Funding Stock, D. 109/2004-- 9.73
Fasting Loan, 4;,1960/90-EÐ ×a. Bavina 37, 1930/00-CV2-1/16. Savinge 3 1960/70-EBI Saving 3. 10/15/75 £757%.
Banka Barclay's Bank "A" Lid. ard-
56 Od
Chartered Bank-45 Cd.. Hongkong-£43
Insurance
Union Insuranes Canton-£4%%%=
Aircraft & Motors British Motor Corp, Ord4s 1044. Ford Motor Co.--Dés 98,-
Breweries
Distillery Ca-24s 6d.
Buliding and Materials Associated Portland
Bunchin Johnson Assoclater Orti—
Coal, Steel & Engineering Babcock & Wiçox, Lid-Aữa úď. Vickers Ltd--3 Od
Food & Tobeco Brilish American Tob. Co., Ltd-
534.
Imperial Tobacco Co., Ltd-85%. €d.
Miscellaneous
British Oxygen Lid. Ord-54¢ od.. Canadian Pacine By $34?”. Dunion Rubber Co.-23. Pongkong & China Clas-13, Dd. Imperial Chemical-33s 1:50. Lyons & Co-70s 30. Unilever Lid-87.& 101⁄450.
Bowater told.
I'r.per
Paper Corp. Ord45
Redio & Electrical Associated Electrical-Sie d.. Electrical de Musical-dlie.
Yesterday's Closing
Coats J & 1 Ltd--33 68. Courtaulda LU IN DU.
Mines Anglo-American Corp Africa-170w,
ឆវ
South
Closing Prices
Alden Ing. Aey. ... developments | Allied Chemileals
Allled Mills Ine. Allts Chakner Am. Braks Swe American Airline American Cable
Com
On balance the economic news 5 good, including a decilne In February living costs and fore- casts of further economic al is the second quarter.
President Eisenhower appeal. ed to sleel management and
Cunz Goldfields of South Africa labour to strive for a peaceful,
non-hiftallonary ment this year.
Comm. Zinc Com. Ord-GIR KT. De Brems def-13!n 201þd.
Free Siste Developement & Investe met10 14.
Hongkong Tim-da 101%d. Petaling To
Rand 96 1011⁄2d.
Southern Kinia Con Lid male 1154. Union Corp÷3 415.
West Driefontein 121 201
Coleg
West and Cons-24m Bd.
Bettiah Borneo Petroleum Synki- cate--484 11.,
British, Peteliun Co., Lidl —Sla 3).
luema-77 ct.
Royal Dutch Petroleum-£15%1⁄2. Shell Transport & Tredka--139% 50.
Poutar
Living Costs Take A Dip
Washington, March 25. Living costs dipped slightly in February because of some lower food prices, the Government re- ported today.
The Labour Department's} consumer price index slipped one-tenth of a point from jis January reading of 123.8 to
The February level of 123,7. index is based on 100 ns 1947- AD average.
At this level the index was one per echt higher than a year ago, the smallest 12-month in- crease in three years but still the highest February reading ever. U,P.I.
Exchange Rates
Busine was done in the local unoticial exchange market this mernur at the following rales;==="
3,74 U.S. dollar per $13 anony Sterling notes (per £1.
13.97 Australian notes iper CH.. Indonesian plat (per 101 Alam (icals (per 109) Singapore (Straits
labour agree-
The icel aя a group were fuwer. Olls finished higher on
A Radio American Cysmanila Co. Aer. & Fotyn. Power Am. Cus & bibetrie Am Home Prod, Am. Mach. & F dry. American Metal Anerican Swiching Ani, Bugar Ref. American Tel & Tel American Tub. "B" Anaconda Copper Armeo Steel Armour
Atlas Cons, Mining Halwin-Ja-32zer.
balance along with the chem-Daunore & Onu
tals and electronics,
"Right now get those alz letters typed by your then I can secretary,
really relaz~—”
London Express Bervice.
Beneßelal Finance Bendix Aviation Corp.
Benguet Cone Bethlehem Steel Boeing Airplane Barden
Huurruughs
to.
Machine
Call, fneking Com Campbell Souy Co. Canadian Pacite R.
Cave (d. 1. Co.
Cal. Tractor
Celine Corp.
C. T. Financial Corp
Chase Manijas, Itanic Chrysler Mature Cuist Peabody.. Colgate-Primolive Co. Columbian Carbon Co. Commercial Credit CUTHTOVealth Elec Conwelldated Edison Continental Dil of Del. Crown Zellerbach Cuban Amer. Sukar Diamond Alkall Diamond Card
Doigton Alteraft Daw Chemicals Ba de Nemoura
Alting
Eastman Kodak
El Paso Natiorin! Cas Familly Finance Corp. Firestone vre & Rubber First Nnt, City Bank Fort Malor
General Dynamier
General Electric
General Fode
General Motor
Gen. Pub. Ul.
Today's volume was 3,280,000 Gun. Tire & Rubber shores.
Of a total 1,220 shares traded 402 were higher, 350 lower.
American Exchange volume was 2,700,000 shares.
Bonda volume was $0.250,000. Dow Jones closing were:
12.75 30 Industrin
3.45 20 Falls 28.70 16 Lilities
1.063 atocks ....
averages
COMMODITY PRICES
FÖREIGN EXCHANGE
NEW YORK Closing rates were:
Canaria
7/30
2.617
England oficial
30-day tw Zealand South Africa Other unchanged.
Paris
2.01-7/18-2.8112 | 2.72-2.72
140.07-140.70
13.
10.3334-ID.30
1.701-13.2014 274014-174034 20.00-20.0311⁄2 ~
32.15-12.15
volume of
LONDON Britain's Jong-term invest- absence of normal bull marketment is smaller than it has been
Closing rates were: for over corrections
year because basically
the country New York now and the market's repeated has been transformed by two Montreal
the more sober world disregard of
world Brussels Wars from a
Copenhagen side of things, make It look creditor to a world debtor, Bul, Frankfurt Increasingly speculative,
if one relates such investment Milan Standard & Poor's lists nine is the national income, one finds o
profits stocits and that Britain is once again the stockholm Krowing
carnings largest overseas private investor Zurich
Other unchange-UP.I." in the work! Cyanamid, $2.23
hood
1038; Dow Chemicals, $2.25 against $1.78; Eastman Kodak, In spite of all the diffeuilles years, the $2.00 against $2.57; Food Fair, of the inst ten $2,00 against $1.00; Grand machine for settling and financ- Unlon, $2.75 against uning international trade is once estimated $2.45; Minnesota more running, as vigorously and Mining. $3.50 ugalust $2.50; smoothly as ever. Sterling con- National Lead, $4.05 against tinues to be a widely acceptable and British banks $4.43: Currency Dķainst $3.65; Pázor, $3 and Undon Carbide,
retained $5.25 have
their minance in financing against $4.15.
OLYMPIC Challenger, claim share for 1958 against $2.07 in population.
ed to be the largest cargo vessel ever built in Europe has been launched at the yards of Kieler Howaldtwerke for the Onassis tanker fleet.
She has an approximate dead- weight of 65,000 tons, The company, which has 22,000 h.p. turbine engine will operated a service from Leith give her a speed of 17 knots, to London for 150 yearS
St aliandor been forced
Olympic Challenger's keel will was laid about six and a-half though, significantly, 1 endeavour
continue the months ago. She has a length of about 840 foot and beam of 110 fect. Some 10,000 tons of steel went into the making of her hull.
service by road.
PARLOUS
Other factors combine against Britain's muller shipyards. Apart from the continued ex- pansion of world
shipbuilding
UK Supertankers
Horris, Upham & Co.. trude.
Consolidated
estimates
will earn $2 a share in 1959 against $1.71 in 1958 with the future dividend pulter lean-
ing toward supplementary de- foreign banks There City
COTTON
BCLIC
Gelly Oll
Glidden Co.
Goodrich (B. F. Co. Goodyear Tire .... Grumman Aircraft Cust Dil
Hammond Organ
Heyden Newport Cup. lumestako Mhing Co. Idaho Power
Ingersoll-Rand
Island Steel Co. Interchemical Corsi, Int'l Business Machines Int Harvester ..... 606.47 International Nickel 160,17 International Paper
04.00 Int'l Tel & Tel
Juhn-Manville Co. Kaiser Industry
Couper Clack_
09.12
271-274 General markets, cir banit, ports: Apri
203-27
202
-U.P.I.
Mixed Contract
Mar/April
23.30
May/June
July/Aug
May and June.
Oct/Nov.
10.34
Elite crepe Hún Aur
Dre/Jan.
41.00
Etale crepe tiek Apr
Mar/April
20.80
All prices unquoted.
In
the United States, the average price of ane-inch eption
at 14 designated spot markets
Total sales were 25,081 bales, --U.P.I.
RUBBER
NEW YORK
rubber futures
Rex
today closed dve to 25 points lower with sales of 73 contracts.
Closing prices:
Mer
MAY
July
Sept.
Nov.
Jam.
Mar.
2022-201
METALS
NEW YORK
Prices of metal futures closed today
cchis In
per lb. follows:
Lend Mar.
MAY
Line
Mar.
May
Copper
Mar
May
Tin
Маг.
May
LONDON
10.cots 30,700
9.7Zb
8.07b
72.646 33.19b
15
100.756 200.82110
Prices of metals closed today
ton sterling per long follows:
tכנת מת
19
Liggell Meyer Tub, Pecktred Aircrati Low Incorp. ..... Lone Star Ciment Co. Lowenstein & Sons. McDermott J. Hay McDama Aircraft
Stock Exgei Messi frum Corp. Minnet Mining Mission Development Monocota Chemler Co Montgomery Ward Motorola Inc.
National Bizovll Co, Nallant Cash Reg. "A" National Dairy Prod. National Liad
New Steel Corp. Now York Castl Neefolk & Western Hy.
On Mathle:yn Olevators Owen-Illinois Glug Oxford Paper Co.
Pan Amorlean Airways Paramount Pictures
Parke Davis Cu
Penny J. C. Co. Pens. Ball Co. Philip Morris
Procter & Gantile Co. Pittsburgh Plate Class Publicker Industries Puro Oil Ru Radio Corporation Radio Curu. Pret. Republie 3ice]
Maynolds Metai Scars, Roebuck & Co. Shell Oil Co.... Sateway Stores
Baint Reg. Paper
Seats Paper
Sinclair. Oli
Smith, Cline & French Bocony Mobil 01
Sellers Solar Aircraft (xd)
(Am.
774 South Puerto Julco Sugar
Southern Co. (The)
Southern National Ge
in
30.30
Duyers
32.15
773
32.10
3-month
THE
TID
31.95
Copper OL
247
3-month
210172
31.90
Lead Et half Mar
601
Standard runds
031
Standard O of Cal
Zinc 2nd half Mar.
7335
June
73
Standard Oil of Ind
-UP.I.
AMSTERDAM
The rubber market was quiet
Prices closed in gulldora
NEW YORK
Prices of cotton
futures
closed today as follows:
today.
preda
world
Spot
300 no
per kilogram,
May
July
33.70-71 3690
follows:
Oce.
32.03-04
No. 1 rubber
No, rubber
Thet
7167-44
No. 3 rubber
Mar.
No.1 crepe
May July
NEW ORLEANS
elf April,
La
2.40 nom.
2.00 noo
2.86 nom
2.74 nom.
HINGAPORE
London's eminence in inter- national banking is also chown by the number of branches which rapiniain in the
The market opened sharply still
higher on
upcountry icreign-owned banks in London Prices of cotton futures closed production and stocks figur than in any other financial today as follows:
With some carly selling, however, The current sofiness in cop-{ contre in the world, and their
prices cased to about 624 cents. per prices provides another number is even
No. 1 rubber per Th. Apr 911-021
clarations in stock.
SOFTNESS
arc
more
greater today
Food opportunity to accumulate than it was before World War Angconda and Konnecott, saya II.
47,000 deadweight-ton | W. E tutton & Co.
Bucyrus-Erle reported a A supertankers, now on order
explicty, there is the establish- ment of new yards in countries which have previously imported their ships, many of them from To Britam. Australia, previously p good customer of British chip- builders, has reobrited the im- port of nearly all types of com- mercial ships because her own shipbuilding industry is in such aparious site.
90-
1950 promises to be a consider Gas Co. Dividend
at the Walker yard of Vickers- cent-a-chare deficit in 3008 but Armstronga (Shipbuilders) for Esso Petroleum, may be in creased in size to over 70,000 lons."
They would, in that case, be the largest tunioers to be built in Thus, overall, there is a Britain, the biggest on order of <dindsting demand for theprebent being: """ 96,090-turgieṛ,"
ably better year with rond | buliding gaining momentum and building speeding up, says Fitch Survey,
ari
34-33
Apot May July
Dec.
140
Har
$2.30
May
July
30
LIVERPOOL Cotton future
closings,
10
Mar/April
JZZA.
cl/Nov. Dec/Jan.
•The Hongkong and China penca porib, were as follows:
American Coninet Giu Company Ltd have nounced a dividend of 70 cents to (104) a share on 1919.5.20
Kaiser Aluminium is poised for major gains, necording Investors Advisory Institute shares of 6/8 oach for the year
to December 21, 1958. UP.I.
lower
SUGAR
Bouthern Railway (Corn)
Standard Oil of H.J
Bleep Rock (Toronto Exge,} Sterling Drug Co.
Fitokely-Van Camp.
Studebaker-Packard Corp. Sunshine Mining Bwitt & Co.
Texas Co.
Textron Inc. Thakol Chem. Tide Water As, Oil
Time Inc. VARA
Tri-Cont, Warrants
NEW YORK
Awentieth Century Fox Fin World No. 4. sugar futures ion Carlos closed unchanged to four points Union Oll of Cal
sales of 442 con- Unen Pacile Railway
United Aircraft lower with
United vruty trocis.
Domestic No. 6 sugar futures United Glas Corp. closed unchanged to one point US. Poll "D" ...
U.S. Cyprum with sales of 72 con-u.. Line Co.
ua, Hubber
8. Fuelling
BAY No. 2 rubber per in. Apr 91-919 No. 3 rubber por 10. Apr 01,
affects. Boot rubber unbated
Blanket crepe )....i
No. 1 pale crepe
..... 95-'
LONDON
The rubber market was steady with spot quoted at 27 penco per Ib. Prices:
"Settlement" "house
3.10
No. 1. Ra spot
10.00
y/lapt
higher
Central No. 4 (world)' UA. He
• May: 210; Fule: 60th Beat: Jll us. Biod 1 PC. Pr Dot: 114: Jem: 310: Year: 213; May:
Warner. Bron,... .........
3,10: July: 3.14) Spot-Cienia 'per 1o. | Waukesha Motors ....
360 Cubn): 46).
Open interest: '0,583'erstrseta.
Contract No, (domestic)"
Lectinghouse Air Brake Westinghouse Meirio Western Union Tel Co.
May: 5.30: July: 8.00: Beul: 500:1 West Va. Pulp & Paper Nov: 10: Gpok-Comnia per ib. of Winn-Dikle Stores NY ex-duty): #13.
Wotworth (W.)
2015-2715
27-42731
STL-M4 } U.FI.
87-47
**Open interest: 4,987 contracta— § Lén iễn. Hadio
B6703 148,47