Page
TATION
DEEP SEA TRIALS FOR SAUSAGE-LIKE FLEXIBLE BARGE
THE first deep-sea trials of a Dracone flexible
Barge a sausage-like floating container for the carriage of bulk liquid cargo such as oil- have been completed in the North Sea.
Lotiding from mad tankera
was carried out at Willingham
on the River Tues. The Dracone
of a type with 40 tons capacity Dry-Dock Opened
wa uniwound from a reel on
which it had been transported
to Billingham by larry and At Swansea
nted through a pipe eonnerlion
as it lay on the water.
UNLOADING
Was
Voyage
After satisfactory experi- mental trial in the open sea, the Dracone
towed by
Flushing. Geran-going lux for The 260-mutical mile was completed at at average speed or 1.8 knots.
So that shipping and technicni experis could examine all les of the handling, unload ing was not earried out until the
of
the
• THE CHINA MAIL, THURSDAY, JUNE 18, .
1959:
UK INDUSTRIAL RECOVERY
Going A Good Deal Faster Than Expected
By RONALD BOXALL
London, June 17. British industrial recovery is proceeding a good deal faster than most experts believed possible. So far however, there has been little sign that we are at the beginning of a new inflationary cycle.
According to a Federation of ence between imports and ex- British Industries survey among | ports-fell from £30,000,000 in nearly 700 member firms there April to only £1,500,000 in May, have been increases, compared the lowest figure, on record. with four months earlier, in the numbers of employed and hours worked in the rate of new orders, and the length of order books and in the level of output and deliveries,
Productivity
more met.
THE opening
Sixty per cent of the firms £750,000
Duke
of questioned said they "were still at operating below empurity com- Dock Edinburgh Dry
jured with 79 per Font
for Swansea took place recently. innnths ago. And though 40 per It marks another stage in a cent of the firms said they had development programme by increased output only 25
Per cent said they were employing the Prince of Wales Dry Dock Company, Swansea, which involves not only the construction of one of the modern and highly most efficient dry docks, capable of accommodating ships up The Tees Towing Company, to 32,000 tons deadweight, owners of the deep sea tug, but also the extensive dove ported that although the tug ex- perienced a good deal of rough lopment of the
were no serious dockyard facilities.
Dracome returned to Billingham
this time discharging into tankers,
rail
there water, problems and the tow-rope load ing was far less than they had expected fur container
A
of this size.
The Dracone towed in throughout In a perfectly docile
yawing without
manner, snatching.
and
company's workshop
In
The new dock, the largest
private ownership
Bristol Channel, was emetally opened by the Hon. T. G. D. Galbraith, Civil Lord of the Admiralty.
the
or
Lt Col 1. G. 1lasher, Opera- Lions Manager of Pracine The dock is 670 feet long by
Lid, Developments
is which
100 feet wide and has taken sited on Southampton
water, two yearn to
has build. It commented: "We seem to have been built alongside one of the gol mest of the problems beked company's existing docks and
The North Sen provided plenty of short, sleep sens, up fɔ aine feet in height, that threw the tug around rather a lot, but didn't secin Lo
the worry
3Yow.
Dracune which sidled over And through the wave crests with a minimum of fuss. All night, the acetylene ght on the taüfidat shone clearly of the Draeune through the spray, marking her position for the benent of other shipping."
is so designed that both docks en uilise the same pumphouse, crues and other facilities.
The dock is 12 feet wide at the entrance and with a normal depth of water available over the sill of 23 foct, la capable of taking the largest ships able to Cater Swansea Docks.
Higher productivity however has not meant lower rosts. Over a quarter of the arms sold their posts per unit of dirtpat higher than four meth compared with a fifth who said
they were lover,
WITT argo
These higher costs combined with a downward pressure prices have meant lower proft margins for 42 per cent of the Only 11 per Arms questioned. cent reparted higher profit mar- gins.
Another sign that Industry It- set is not expecting another in- Antichary boom is the fact that rather more firms were sin running down their stocks of raw materials, than those who were rebuilding stocks.
Slower
12
s{1}}}
and
HONGKONG SNAPPY RALLY ON
STOCK
EXCHANGE
Our Own Carrospundeni, i
Vis
Business Colic on the Hong- kong Stock Exchange morning mounted to approxi- madly #223,000, Noon qus- tions and the morning's transac-
tions:
טת
Shares hayere suffers DANKS
K Bank.. 000 INSURANCES
Ulon Lombard.. If "invisibles"-receipts from SHIPPING
and Wheelocka oll, insurance shipping,
taken DOCKS, ETC. banking and so on-are into account-Britain was trad-K. Wharf..
4412 ing with the world at a surplus Dark
13 Provident 11.70 of about £20,000,000 a month---
TZIKLO
72 324 almost as much as in abnormaal mouths of last year when com- LAND, ETC.
HK Hotel 27.30 2116 modity prices were slumping.
ItK Land 3314 31 Now that recovery Is well under way, experts here believe that the British Government will begin
a direct emphasis on eronuine polley to prevent new "wage push" inflation and RUBBER anancing of economic develop- Trust ment in the world's backward areas.-London Express Service.
Burma Tries
To Capture Malayan Rice Market
Kuala Lumpur, June 17. A visiting Burmese rica mis- sion löft here tonight con- fident that Burma would soon recapture one of her best pre-war rice markets -Malaya,
Не
sold
011
..
Rayer
200 201 2003
NEW YORK MARKET
some heavy selling th recent
The stock market weathered ed Itself with a happy rally sessions but finally right ains into the list running past that brought individual g New York, June. 17. two points.
WILD
Alled. Mu kris.
Most major groups baru cipated in the upswing, which a rakon
Am. Braku, Bhon touched oft by good American Airline economic news and optimism American Cable Fenerated by the market's American, Cyanamid to Intively good showing, during Amer Fore Fewer the Fell-0116.
Am. 911* Electric Some brokers felt the cotter-Am. Home Prod
Am., Mhet, dry. tive phase may be coming to Amertens Metal an and and that the market| Am, NATTEL, GAL may be lasing the ground work American melting for the traditional summer rally. Sygic T |Americka T0L*
American Fo There was achie erosion of Anaconda Copper gains from the day's. highs but Ames feel the market closed the session In good shape, Steels, motora, 2100 27.30 rails and numerous specialties
0003125 helped to pace the upswing. 312.23hu economic news was, Benguet Cons
0000 0 5.00
5449%
700 32
Humphreys
10.30
100 33.50
25 33.25
1.05 1.00 250331.M
except for
Amaig.
UTILITIES Tron Youeati
4. Light
Micetrie
2.45 2.4786 35000 2.475
33.10 1000 6 2.30
1103242.00
30002.05
20000 5.00
2005 3.025
Lavourable, crally strike feds in such key lines as copper. aleel, alumini and
adoge in But there is an old Wall Stool: New sell on strike
ל
WEL
Today's volume was 2,850,000
Of a tool 1,185 shares traded,
1950 in 2020 1819 were higher, and 300 lower.
- Américan Exchange. 'volume Jwas 100,000 shares.
Bonde volume autounted 16
12.08 $5,220,000.
203.30
to 15)
103 10 12.0 1.0 1000 17.50
200
100
1000
400 17.03
800 27.75
170 2700
1500 27.CO
500 $27.70
...60 27.70
Telephone 204
INDUSTRIALS Cement.**.
STORES, ETC. Dairy .... Watson
L. Craw
Kwang S. 11. COTTONS
1000 u 20.30
3000 ir 23.50
Dow-Jones closing averages
were:
30 industrials
Blocks
Comin. future price index..
20 rails...
18 ulitis
400 & 20.63
a bonda
60 2,53 7500 20.00
33
60) 33%
330 4:0.30
16.20 16.40
13.00 17.40 17.80 203 $2,60
104
Textile .... Nanyang XD MISCELLANEOUS
5.10 1000 5.05
4.40 BY
205) 5.65
to to
Vibro INVESTMENTS
int. Invest. 1.K. & FE
Invest
13 1320 6:30 11.20
0,00
12.00
Incomes In U.S. Rise
With most of the firms operating below capacity it is The 10-man mission New not surprising that recovery has Singapore their
двуду been slower in capital goods Rangoon. Industries. The industry's
Erc- The leader, U Ba Thin, changed muchsident of the Al plans have not
Burma Rice the past four months.
Industrialists Association said less will be Rather
speni
the
come to in
mission bad the next
months with the last 12 reestablish old contacts. compared
the that before months, un new buildings The Duke of Edinburgh Dry spending on plant and equip Japanese occupation of Malaya
Washington, June 17. in the Second World War this Deck was designed after an ex-iment will be about the same.
The Government reported lensive study of uther dry
general country bought most of its rec Two aspects of the
individual incomes ducks
Today, that both in Britain and recovery are especially encour- from Burma. Officials of Imperial Chemical abroad. It incorporates several aging.
the industry k First,
Alter the war Thailand bo- rose to a new high in May. Industries state that {rnny-
Commerce Secretary Lewis L A more optimistic and this in it came the main supplier. unique features, including portations of chemical cargoes greatly improved
Malayans docking ays-self is a powerful antidote to Since ben
had Strauss called it another come to prefer white rlee torinder that the economy has parboiled rice formerly supplied climber "above all prévious by Burma,
Vice- U Muga Leigh, the President told reporters a short survey indicated three quarters
PRACTICABLE
in these containers appears toters which allows ships to be recession. Fifty-nine per cent be practicable. should be winched Into the dock under of those questioned said they possible for a normal Cargo
were feeling more optimistic precise supervision. vesel to take the containers lo
about the general buniñesa situa- Using this system, Д type tion than they were four months ing fuel costs, or reducing speed | never before provided in Bri-ago. Only four per cent were or conventional payload.
lain, o ship approaching the less optimistic.
low without materinily increas-
peaks."-UPI.
Closing Prices
Ahtub Pur. & Paper Alden Inc. Acy. Algoma Stret Carp. Allied Chemicala
20.03
peru ANA CIK Mining Baldwin-Lima-Ham. Baltimore & Chin Bank of Montreal Beneficial Finance
| Bendix Aviation Corps
Bethlehem Bléel
oing Alplane Border Thet. Co. Burroughs Ada Machine Salih Amer: Ou Bin Columbla Pwr. Callt. Packing Corp. Cana. Dk, of Comm. Campbell Soup Co.
Canadian Pacifte n.
Case (J. 1.1 Co.
Cat Tractor
Celanese Corp.
C. I. T. Financial Corp.
Chase Manhat. Dank Chrysler Motors
Cuett budy Colgate-Palmolive Co.
Colombien Carben Ca.
Commercial Credit Consolidated Ednoty Continental Of of Del, 163.09 Crane Com
Crown Zeberbach B500 210,51 Cuban, Ainer, Sanger
83.16 Diamond Alkait
Diamond Gard
150.8
3743 1133
Chicago Grain Prices
Dominion Stores Douglas Atrem.rt
Dow Chemica's
Dupont de Nemours
Eastern Afrifor
Eastman Kodak
El Paso, Novinár Gas
Lockheed. Alrcraft
Low Incorp,
Lone Star Cement Co Lowerloin & Sons, Melmott J, Kay. McDonnell Aircraft
Block Exgo,
idio
YOU
JAVE
Mesabi. Trum Corp.
Minnesota Mbing
Mission Devexpment
131
Monsanto Chemical Co.
Montgomery Ward
Motorola the
Näljönni di Co. Notional Cath Reg. "A"
T
Nationidi Dairy Prod.
National
210
National Steel Corp.
Lead
New York Central
Noranda Miner Lia
138,
Nurfolk a Western Ry.
唱将
North Amer. Aviation
6.21
North-west Airlines (Com.)
24
Olin Mathieson
701914, Eiessleras.
KTE
2411a Cha & Elec....... BY 24h American, Aleways Marmont Ploterre
bay
Thil
Bower
Reals, buy, free.
街
50% Royal Bank of Can abre, Theblick & 60% Shen ou Co.
67% Saleway Stores
Saint Reg. Paper
561%
461) | Schenley Inc. B3Gcott, Pader
2015 | Sinclair, 1912, -
6215 Emith. Cline, & French
319% Brony. Mobil Chi
74 Bular Aircraft.
40
DIY
243
Both Puertó Tues Sugar
Bouthern So. (The)
Bouthern National Cas
273 | Banham Nadhway (Com
313% | Stationed on ne KAT.
||Flanderð 011 at Iha. Blandard oil of NJ.
Hleen Rock
| Stagiing Drug Co.
Stokely-Van Camp,
Family Ferres Corp.
Firestorm Tyre & Rubber
141
Fire Nat. City Bank Ford Motor Co. of Cânt
Ford Motor
Georgia Podfic
Stone & Webster
Gentral Dynmmies
20%
General Electric
no
Buahine" keing
06%
Wift Ca
Texas Co...........
49%
extras Zac.,
Tokol Chem.
General Focida
Genery Motors
Gen. Pu, Util.
Gen, Tyre & Tubber
Getty oil
Glidden Co,
All prices in cents per bushell Goodrich th. F.) cë.
210%
120%
12011-12
Goodyear Tyre
Gutt Olt
Intana Steel Co.
Interchismfeat
1000
יאל
barePackard Corp.
111 | 11de Wider Auch, bit"
1201
T-Cons, Warrants
Twentieth Century Fox Film
2014 Urabock Caprice
110
Union Oil of Ca
Jolyn Facts, Renway AuthUnited Ara
United FD) -
United 'Gàs. Dorp.
0.8. Fe 3
US S
8. Stede
US, Bieel PC. PF. Warner Bro@..., ****** Wankena Malore ............... Wellinghouse Air Bruke Westinghouse Electric Western Union Tel. Ca. West Vo. Pulp & Paper Winn-Dixie Stores
Wheat No. 2. red
Spot
July 1871
102
Sept
Dec.
Mar
10 150-1807% 10542- 100
10011-18745
Grummen Aircraft
Harnmond Organ
Heyden, Newport
Hamertake. Mining Co.
May
1391
Ilussman. Mozri
Corn No. 2, yellow
Idaho. Howar
403
Imperial O
Spat
13215
Ingersoll-Rand.
90%
KUS Gypeim
July
20
UB. Rubber
9. Line Co.
Scpt.
10253
DEC.
210-1141
TC-
Mar
Int'l tervester....
Int'l Buinces Machines
430
நிழ
May
119
Ryc
Th
July
14
Sept
17
Onta
401
July
10816
Sept
Soybeans. No. 2, yellow
Spot
July
Sept
Nov.
Jan.
Mar.
anti-3
2170
5.70
36.01 Barley
.12.50
Spek
120-135
3.00 New York Tour
290 lb. cuck
$13.10
UPI.
of Malayans ale white fea Exchange Rates
The benvy organic chemicals dock entrance is Brst controlled Secondly there are signs of ani Reuter. division of I.C.I. intends to carry by hydraulle capstans situated improvement in the export sitúa- out further investigations inio on each round-head. After t tion. Twenty-seven per cent of this method of exporting $13
has been centred two ropes products in bulk.
the firms said they had is highed Agreed Merchant
from the bows are attached to rate of new export orders in the The practical development of carriages-one on each side of past four months compared with this idea has been carried out by the dock-running on special 10 per cent whose order from Dracone Developments, sponsored tracks, These carriages are pull-oversens were lower.. by the National Research Deca by two 15-ton winches sited
velopment Corporation, who ex-at the head of the dock and Improvement piolt government-held patents with their aid the largest ship commercially. Trials of proto-can be hauled Into dock under
containers type
been accurate supervision. live carried out in coastal waters,
This improvement is borne out
down April,
fell
in the latest figures for aversens published. over The and the slage had been reached Another important feature is rado where it was desirable to carry the
weekend. of bito system
blocks
Exports in May were slightly out a full-scale trial, transport-¡ which have been installed. ing a cargo under commercial Twelve of these blige blocks, higher at £299,200,000 than in
but imports conditions to an export destina-sited 10 feet apart, run
sharply from each side of the dock, They can
£345,800,000 10 1lon.
£310,000,000. The trials were arranged by be traversed under water, and
With £10,000,000 worth of re- the 1.C.I. by virtue of the com- adjusted in position and height
gap-differ- pany's
and exports, the trade Interest in the shipping to make contact with of various liquid chemicals. support any size of vessel.
SKI-130 LANDS ON ICE CAP
The
Famed Lockhard C-130 Herculos prop- Jet of the U.S. Air Forco, Equipped with giant skis In addition to its nomál Wheal landing gear, is shown taxling on an un- prepared - Aretic: snow field on the Greenland ico Cap.
The 52-tón dhlift virð áha hink Wit unlooded, b 28,000-pound tractor
and other construction équipment for building an extension of the bis- tant. Early Waming (DEW) Line, a part of America's radar worning systom.
Bectiuso of: intense cold, the 3,750-h.p. Allison T56 turbine engines are kept in operation while around personnel mn.. load cargo from the rear
ramp of the airplano (shown open),, Cargo is pushed onto alada "und> prited by tracton to the storage sito. SAL-120 trůnyports, bülle
By Lockheed In Sunny. Marletta, Go..., are oper- uted by Tachicol · Alr Command, crews from Stomach, Air Folch Base, Jin, They are based at Sapfræntren Alr · Dune, Greenland
Rates
Belgian Francs, Maximum Seiling, 802.
Yesterday's Closing
Bunea Acs dene in the Joen
c) exchange parket 132 morning at the following ented: U.S. dollars per sli Sterling notes (per AŲ) Australian notes (per £1) Indonesian rupich iper 100). Slam Hesh (per 100) Singapore (Stratte)
magis nom,
213-15
COMMODITY PRICES
SUGAR
NEW YORK
All prices in cents per ib.:
Contract No. 4 (world)
July
2.74-70
Sept
Jar
Mar.
3.00 3.01
May
July
Begit
Spotfob. Cutia)
2.70
July Sepi. Nov. MI
0.64
2.87 5.00 #pol-(o. N.V. ex-duty) BG „Egen interest:
contractsan
Contract No, 0 (demesito) a
4.109
Open interest: 7573 contracts,
COTTON
NEW YORK
All prices in cents por lb.
0.05 July: 34.71; Oct: 32.38: Pec: ; Star: 3271; May; also: July: 3; Oct: 3023: Dec: 30.23. NEW ORLEANS
All prices in cents per lb. Spot: 21.70: July: 3431; Oct: 5830 Dec: $2411 Mar: 31.70: May: 32.00: July: 32.37; Del: 30.19; Dee: 2. LIVERPOOL
"All briées In poñico Ver Ib.:
Amerlosa Poulrket JA; Det/fiev: 21,55: Day 2: Merzibril: ' #1.95:
Mixed Continet
Dee.fdon: 215 Mar/April: 21.10;
May/June: 21.35
SAO PAULO
All, prises unquoted today.
Average price in U.S. at
July
Sept
Nov.
Jan.
14
Mar.
34.51
designated spot markets: cents. Total sales: 20,457 bales. -UPL
METALS
NEW YORK Closing prices, all fit per 1. Lead uly Sept Zine. July- Sept Copper July Sepi Tin July Berit
LONDON
SINGAPORE
888ESE
ZSERRAR
33.30
International Nickel International Paper Inti Tel & Tel John-Menville Co. Kalter Industry Karwa C. Power Kennecott Copper Kimberly CTAY Litton Ind.
Ligh1
Liggett Myers Tob, Co.
13ly Tulip
116% Woodworth (K. W.)
BL Zenith odto
LONDON MARKET CLOSES MIXED
London, June 17.
The twek market closed mixed today on light trading his many Investors wife reluctant to commit themselves because of the stomp on Wall Street and labour troubles in thé äŭro industry.
quietly im.
Bothstrial stockh mostly.
favourite suffered, à gener setback with, Fonta Yeni
mga rucitantial fall Electricis bid textiles were higher White
All prices quoted due to boli rolery, lasted wore him on
day.
LONDON
All prices in pence per 15,
Settlement house trim:
July/5491.
cents/Dec.
Jan/Mar Apm/June
2014-2011
General märkets, v.1.7. basis,
Zinate crepe thin July,
11,50
21.00
10.036
MY Sept,
10,75b
2931-356
29.03
101,80
101.0!b
Closing prices, all in sterling per long ton, undicial afternoon session:
Buyers Sellers
Tin spot
780
7091
<month
.790
Copper spot
22416
3-month
Load lat haif Jime
zmo at hilt Juno
Sept.
RUBBER
NEW YORK
July/Aug: 12 Oct/Nov: 21.93: prices, all in cents per lb.;
thick July.. AMSTERDAM
3011
All prices unchanged.-UPI-
FOREIGN EXCHANGE
NEW YORK
Closing rabes: Baglaras official Belgium.
ALING RELI Eratil
LONDON
Clongratis: New York
Monteval
101 3/16
Increased butput.
Goth Hodd, wee Coppers drifted tower.
Dit werd Publied with gly Josses appearing among feaders--UPI.
Closing Prices
poos and Tobició
Br American Tas. Co. Ltd
Imperial Tobacco Co., Ltd-87
2. did
Miscellaneous
મા
Brith
Oxygen
Dunlop Rubber Co-7% 100
Imperial Chublands 1350.
Las Co-1 34 xa.
Unilever Ltd-pos
Boater Paper,
1
104.
Cord Ortil
Eletrical Musical-01. 3. English Więctrin:Cots, General Herino-102
Skipplag
Indo-China Sloans Hav, Có det und-7.
14G suam Navigation def ord
Transport, Wed.
Conversion. Down R00-5/10.
FOR
und Be Stock · 1969%, 10/2008-
Bevinga -31% 1066/95-27038
¿Barclay's „Bankett kád tá-ôch
Chartered 240k da.
Union. Intrance
canton
"ATENTE AKR-MEISEN A Brilin dotor Corp.: Ord-15, 9à, Tand Loior Cute Lời
0/10,241 W/18 | Asociated Fartand: Cament
„Pinchin" "Johnson, Adelstele) Ord
2tu 10154.
Con, steel and
Dabgork & Wilson
Vickers, Lad
grekt tatveldet. Kerks & Spencer
Woolworth
Courbete
Sudoku "ANYA
Anglo-American Compoft Afro-185
Comp Coats St Bouth Arden
The Corp Chali.
Southern