Page
THE CHINA MAIL TUESDAY, JUNE 28, 1959.
STOCK MARKETS NEED Breweries Active
London, June 22,
IT is much to be hoped that Wall Street and the
Continental bourses will manage to have a technical correction. The worldwide apoculative frenzy for equities `may have more justification than ever before, but it is more widespread than ever before and it is a frenzy.
Some sertions of the marketa are in urgent need of a fow burnt Ongers.
Wall Street is commonly re- garded as intrinsically dear, bid' up to scarcity values by in- stitutional buying and other aspects of the investment re- volution. That is arguable.
Bul even if were in frinsically as cheap ng London oppeurs to be, even if it were demonstrable that it would stili be infrinsically cheap at 50 per cent above its present level (as 1s
not impossible), the fact would still reman that it has come up 50 per cent in about eighteen months wifikat worthwhile currection D COB- Colidation.
any
TECHNICAL REVISION
particularly bullsh for Wall Street; the turn' in the stock
By SYDNEY S. GAMPELL macket might well come year
since January. Because of its influence on business sentment, Wall Street deeldes the economy rather more than the economy drcitus Wall Street.
Nevertheless, sometimes it the dog that wags the tall in- stead of the tall wagging the dog, 'und a stoel strike would make a hole in the revenues of the Erstern railreis Some lead- ing US Industrialists aro
not
ne happy about the implications of the steal and copper war" negotiations as Wall Street has
It may not be having one even now; some chartists regarit | boen. if os al a touch-and-go point, Volume on minor drop in the wook to June 5 did not en- large ominously.
At current prices it is of course a bit larger than it looks in numbura of shares, but still it is not large.
fear. However, even
Unhealthy
on the
Unhealthy conditions stock market are perhaps the only thing that builnoss has to Business reporta and nt the recent top industriala || prospects themselves are excol- looked bit ragged; ralls have lent," and reasonably auspicious been acting rather poorly ever for the raw mutorials,
|
|
Even textiles are having their beat year. "alince 1950, and the mammoth cars, which YOKA supposed to have gone out of fashion, are having their best spring since the banner year,
1905.
or more ahead of the turn in physical business, all the more when the stock market has been no hecile and fashionable,
Untenablo-equity -- yields and equity-bond yield relationshipa would be as big as any threat to business that can at present be discerned.
It is not wholly illogical that Wall Direct has had the biggcal while
Social Changes bull market in history
The various statistical series which normally lead the bus ness cyclo are forging ahoad, and the lagging series (notably including employment and capital-goods plans) are getting a movo on.
†
On New Take-Over Bids
London, June 22...
A generally satisfactory trend was maintained in stock markets today but most of the interest centred in stores and breweries on the latest 'news of now take-over bids in those sections.
HONGKONG
STOCK
EXCHANGE
Đúc "Úna Corrisposadi na
Herrode were very active and closed another 51 3d up at 115% 3d on the news that both Debenhams and the House of Fraser had made meşgər propo |nals, “Most brewaries foll back news that Bears nad
withdrawn their bid for Wat
neva.
Motors and electrical issues
(often cased but shipping shores
viere botter,
Git-edged securities main- lained their finner tendency
ECONOMIC SERVICE FOR BRITANNIA PLANE OPERATORS
NEW department to work closely with sir- A lines with the object of securing for them the
most advanced performance, possible from their Britannia airliners has been formed by Bristol Aircraft Limited.
and stored small gains where Individual operating problems changed. Foreign bonds were of each airline are dealt with by Idle and dollar stocks mixed.
leam of exports whoso -
Gold shares rallied after timate knowledge of the Bri- UK Air Export Nears
the US consumer prico index has held steady for ten months. its longest period of stability since the index was started in 1913..” London has done much the same; the past year of Stock Exchange boom has been
Business done on the Hong-Friday's sharp setback and dia- the first year of consumer price
kong Stock Exchange This monds also recovazed part of stability since the 1939.
morning amounted to approxi- Friday's falls. Base metals were Germany, whose bull market mately $497,000. Noon quotations neglected.
has and the morning's transactions; others and
„Shares Bayer"" Bellors dwarfed them (the recent, be- BANKS
900 haviour of the German bourses HK Bank, 89715
been well described na has
Fast Asia 300 an' auction thon a INSURANCES more liko market), has the best of all re. Union.... 7135 2246 cords of price slability through- Lombard out the past decade.
By historical comparisons the business recovery is ulfil young; on the average of past expered all the enco it should have at least on- other full year still to go.
However, were it not for all the Lecular and social changes that marketa have to discount, that would not In itself
bo
STOCKS ADVANCE
ON
WALL STREET
New York, June 22.
Inflationism
One of the many rationalis tions in that the bull market has many other bases beddes Inflation. To the extent prob-
ably
THIPPING
35
Wheelock 8.83 0.40
DOCKS, ETC,
#$%£*
20 61 BUS 1090715
K Whare 02 0015 100
Provident 11.30
Taikoo
fuit Zand.
333
14
1
word
+
Oils
uricerisin and closed mostly lower.---UPI.
Closing Prices
Oftodged Bonda Eric Transport
| 207-15/10.
tannia la invaluablo when it comes to giving advice on tho most efficient way to operate the aircraft over a ceriain route.
Airline operating costs can be based largely on the cost per hour of keeping the aircraft in the oir and it is largely by
operators how to xe showing
£60m In Four Months
DURING
\URING the first four months of this your tho
British girergit industry has duco Their fight times that exported almost £60 million
3%, 1978/Operations Development, as the worth of goods, it has bobe
Conso R52-225, Console 70-317302) Conversion Loin
Funding Loan 34, 20/10
· 1960 –
1050/09
Funding Block 8%. 1900/2004---
*
LAND, STO
ELK Hotel.
23.10 2500 F
訂
Tie o
£78-9/10,
phreys 1814 10.10
942 334 1200
15.00
Funding 10an
CROIX/10.
2.40 2.423 2000 @ 2428
3.076
RUBBER minor) that It can be Amalg.... ascribed to indationism, it was
Yak
catching up with the memories Tram 2009 se mai d of past Inflation in Germany, Star Torry 134 914 T 100 100 and with arrears of
past in-
C. Legit 17.70 17.90 1000 27.90
* 27.00 highlighted in the US by the
Macao E...
10,00 300 10.40 recession's failure to bring ony
Telephone 20.00 26.80
INDUSTRIALS disinflation,
Cement,
24 3461000 61 2433
Stocks advanced today in more active trading. However, fiation in Britain and the US Electro 373 37410
the market at the close was not nearly as strong as earlier in the session as profit-taking took its toll.
Some of the ulls took a yound- ing, mainly redecting refinery cutbacks lo case the inventory oversupply problem. Shell was une of the hardest hil, losing more than two.
The market's strong behaviour the past four sessions has help- ed strengthen the bellef
that
the basó now is being sot for the summer rally,
General Feeling
short
The general fecting in Wall Sweet Is that after a perled of backing and fling the market will enjoy a good jegovary movement. However, brokers are saying this a time for caution and selectivity.
Du Pont was an upside fen- ture in the
which chemicals, helped the Industrial averige, Allied and Dow also met FUD- port in this group. Autos moved within a very narrow range. Tyre stocks were jinder pressure with Goodrich hardest
wide
The oils had some Movers Youngstown was off around two at its low in a generally easier alvol group,
Case Manhat. Bartk Chrysler Maturs Clust Peabody Colgate Palmotive Co Colombian Carbon Co. Commercial Credit
Crane Co. *******
Crown Zallerbach Cuban Amer. Bugat Diamond Aikail Diamond Card Dominion Stores Douglas Airerfi Dow Chemicala,
37%
very
130
6.30 8,45
run
1000 11.40
4,45 2000 r 2000 # BAN
Nanyang.
XD
.0.55
MISCELLANEOUS
13.30
The first year of a business recovery (es the past year has! Metal
STORES, boen in the US) is nbanally Day.... aperto of price stability. In Watson s the 1954-67 expansion the price Lane Craw, 17.50 17.70 1000
COTIONS Inflation did not como until a Textiles.
late ringe, when il into the bottlenecks and labour; 12 shortages and ineficiencies,
When it did come, it was not Entert bullish for stocks. It is not all Vibro
INVESTMENTS that encouraging that prices Int. Invest. 6.70 830 1000 0, and costs have been stable in the past year, if that year w M.K. & TR the only phase of the trade cycle that had a chance of get- ting them down.
GOU
Tri-Cent, Warrants"
2019
Twentieth Century Fox Fim
Union Carbide
35
Unton Oil of Cal.
48
Union Pacifle tailway
GO
United Aircraft
Consolidated Editaon Continental Oil of Del.
21.
United Fruit
5312
United Gas Corp.
Vội. Foi
”
151
U.S. Gypsum
101
U.S. Line Co.
5812
US. Rubber
32
Ug. Smelting
131
71
UB Block
1. Stne 7 P.C. FF
143
ariz
Warner Bros
24512
Waukesha Moto
30%
04:5
Westinghours Electric
3114
776
Ford Motor Co. of Cana.
10414
711P
Georgia Pacio
Dupont de Nemours
Eastern Airline
"Eastman Kodak
El Paso National Gas
Family Finance Corp
| Firmione Tyre & fubber
First Nat. City Bank
Ford Motor
General Dynamica
General Electric
Genore! Food
Genors Motors flon, Pub. UNI. Ger Tyre & Rubber Getty Oil.....
Glidden Co.
Koodrich 13, F.) Co. Goodyear Tyre
Grumman Aircraft Gulf Oil
Heyden Newport Corp, | Kontestake Mining Co.
18!
Ingersoll-Fland
Husman Refrig. Idaho Power Imperial Dil
2011
40
Inland Steel Co.
Interchemical Corp, ....
Int'l Bustnem Machines
513%
International Nickel
Int'l Harvester.
Upside fentures included Ad-International Paper
Cressograph, Bristol-Myers,
2
Brunavlek Balke, Black Decker, Minneapolis Honeywell, Motorcla, and Polaro!l.
Inti Tel à Tel.
John-Manville Co
Kaiser Industry.
Ranes C. Power & Light
Kennecall Copper
Kimberly Clark
Downside leaders included Liggell Moyers Top. Co.
Fairbanks Whitney,
Dynamles, McDonnel Airergit, Nailormal Gypsum, Smity-Klino
French End Merck.
Lily Tullp....
Generalton Ind......
Lockheed Aircraft Loews Incorp, Lone Star Cement Co. Lowenstein & Sona McDermoli Ray McDonnell Alrereft Merabl Iron
Today's volume wus 2,830,000 shares.
Of a total 1,200 shares traded, 477 were higher and 489 lower.
American Exchange volume was 1,100,000 shares.
Bond volume
$$,700,000.
amorfod
Minnesota Mining Mimica, Development Monsanto, Chemical Co. Montgomery Ward. Motorola Ine.
National Blacuit Co.. National Caần Bez. “A” National Dairy Prod.
to National Lead
Dow-Jones elesing averages
Westinghouse Air Brake
Western Union Tel. Co.
West Va. Pulp & Paper Winn-Dixi Stores
Woolworth (K. W.)
Zenith Radio
12019
Unemployment Insurance
Ottawa, June 22. Canadian unemployment In- surance claimants on May 20 numbered 279,409, down from 010,800 month carlier and 541.100 a year ago, the Bureau of Statistler sald today.-UPL
Yesterday's Closing
There is a familiar market dage that things which do not to down when they should will go up, and no doubt it applies to costs as well as to share prices.
If the steel wage negotiations start premature round of east increases, the Indation might get new impelus but not necessarily the bull market. Cost inflation in itself. happens to be bearish, not bullish it squeezes profits.--China Mall Special.
... 23.20
Alled
•10.00. Invest
1000
4.25
1000 12.70-
NEW ALUMINIUM
COMPANY
Pittsburgh, June 22. The Alumlulum Co of America announced the appointment to-i day of James C. Post as a vigo president of, the Furkawa Alu- minium Company (FURALCO), now being organised Japanese aliate of Alcon.
35
Poal, who has been with Alcos for 30 years, will live in Toky when ha assumed his new posi tion with Furako-UPI.
COMMODITY PRICES
SUGAR
NEW YORK
All prices in cents per ib.:
Mar/April May/June
July/Aug. Oct/Nev Deo/JAN. Mar/Apr.
Mixed Contract
SAO PAULO
No. 3 rubber
21.30 No. 1 crep
20,10
SARRE
RUBBER
28399
2.08 Dorst,
2.97 nom.
-UPL
METALS
NEW YORK Closing prices, all in centa per ib.:
Lead July
Sop!.
Zinc July
Sept.
Copper July
Sept.
Tin
May/June
21.40
Contract No. 4 (world)
(All prices in cruzeiro kilo).
PIT
July
4.74
July
15.00
Sept
12191
Average price in U.S. &t
National Steel Corp.
Oct.
200
New York Central
Jan.
3.05
Mer.
Noranda Miner Lid,
3.00
Norfolk & Western Ry.
designated spot markets: 34.48 cepta. Total sales; 9-11 "bales. -UPL
were:
Juty
North Amer. Aviation
Northwest Airlines (Com)
Sept
30 Industriais
63171
Olla Mathieson
Spot-1.0.b, Cuba) 2.00
20 rati
104.70
Ota Elevators
15 atlas
35.90
Owon-litrate (alaka
* Block
21.19
Oxford Paper Co.
Open Infarwi: 1300 contracts. Contract No. 0 (domestlo)
43 hands
13.05
·Pacific Gas & Elec.
July
Comm. future arico Inox
160.00
Pan Americni Airways
Sept
Closing Prices
Paramount Pictures
Nov.
Parke Davis Co.
Mar
6.04
5.00
Penny J. G. Co.
Pantt. Saul Co.
Spot-CALL N ex-
Abitibi Pwr., & Paper
94
Alden Ing. Act. ...........
LUPI
NEW YORK Rex rubber Tuturiz posting prices, all in cents per lb
Algoma Steel Corp.
381
Allied Chemic.in
113
5320 33.10
Tin
Spot
monia
Allied Mills Inc,
Nuv.
Allis Chalmers
30
Jen.
Am, Brake Shor
Mar
American Airline
3011
May
American Cable & Radio Corp.
101
July
American Cremand Ca, n
Am. Gas & Electrlo ..
Am. Mach. & P'dry.
401
1091
Raytheon
COTTON
11.600 11.201
10.50b 10.100 20.50-513 M08-90 101 sab
July
Sept.
10. Jib
LONDON
3DC0/90-
Davings 2%, 3935/85-293-8/18,- Bavings 3′′, 1960/TƏRB Darings 372, 1005/15-870-fino." Barclay's 'Bank ̈ ́A" Ltd ord-309
Chartered Bank-48 04. Hongkong-eat Union Insurance Canton~84-7/15,
Aircraft and Motors Brijjah Motor Coro, ard-15 ($5, Ford Motor Cɔ-673 1'48.
Breweries
·Dielillena Com270 19.
Inasrance
Bulldog and Materisie Associated Portland Cement-Cas Pinchin Jahneon Ataociates Ord 220) Kip.
Coil, stool and Engineering, Babcock ↑ Wilcox Lid-46′′ 6d, Vickers Lid-Jia,
Out
Harrods To Sell To Debenham Group
Debanham's offered four of their ordinary (19 shillinga) tharas for anch Harrods' share (£1 On today's market values this meant that not only wars Har- rods shareholders in the money
at par).
new department is called, is
airline's money. GREAT SAVING
able to save a great deal of the announced by the Sociary of British Aircraft Constructors. This represents a monthly In the case of the Britannia, average of nearly £15 mil- saving of a litle as one per tion and an annual rate of cent per annum in dying time £175 million. can reduce operating coels by
craft.
the and
over £10,000 a year, on one air- The April figure, £17,395,559, alono. It has been the second highest monthly estimated that by making full total schieved ( £17.5 million in | use of new operating procedures | December, 1957, being drawn up by Operations Develop highest). The aircraft ment savings of up to ten per parts total.at: £11,200,285 was cent can be effected. With the second highest ever record- dect of six aircraft this caayed while the pero-engine Agure, mean anything up to £600,000 1 £0.417,500, was a' record.
Electrical parts and appliancés amounted to £851,003, fyres 200,077 and aeronauticof In-
Д
a year suved by the opera lor. In the summer of last year Canadian. Pacle Airlines op- proached the company with struments 2240,830, problem relating to their 5,000- mile trans-Pacific route between
Vancouver and Tokyo. Their LEADING BUYERS Britannias were shortly to begin services on the toute, flying westbound
Leading buyers of airgraft Don-stop against and parts during April were the prevailing winds. The Dri- India (£2,182,119), West Ger- Canada tannia had the range to make many (£1,832,400),
ab- (£1,215,088), Australia strong headwinds 208,895)
this vast stride, but each is the 1,204,898), the United States
unpredictability normally
of the
across the breadth of the Pacific (£1,174,202).
(£1.-
ind Switzerland
acro-
that a Flight Plan minda, before
total, "Januar; /Apell' London, Juno 22. the aircraft takes off would The
invalid
shortly 288,374,163, showed on incranac Harroda, Directors of
Queen aften became
after departure, and a complete of 18 per cent over last year's Elizabeth's favourite depart- ment store, decided today to now sol of Navigational calcula equivalent figure, which was
to be made en record, and a gain of 78 per Boll out to Britain's huge tions would have"
cent over the 1957 four-month- route. £56,000,000 Debenham storo
Such calculations, thoughly total The aircraft and parts .group.
common procedure on most long figure, £30,387,710, was 10 per rauge Nights, may take anything cent up on last year, and the Up to three quarters of an hour aero-engine total, 19,403,111, to complete, and this would, add was 25 per cent upon the up to time wasted by flying equivalent 1958 Agure. Electrical longer than necessary ai a speed parts and appliances £1,883,189,
£280,921, and and beight which may not be tyres but also the speculators who the most suitable under the nautical instruments £911,225 prevailing weather conditions, showed, a combined gain of 37 have bought on the huge buy-
wanted per cent over just year's What Canadian Pacific Ingwave of the lot. faw
was a procedure whereby the equivalent total. weeks. At stock market aldso
During this period, leading tonight, the Harrode £1-ahara altitude at which the aircraft the most was selling at 1137 and the should be, and 'Debenham's 100-pharos
advantageous speed at which it buyers of aircraft and parts be were India (5,855,837), West 32/94.-UPL.
should be flying could worked out at frequent intervals Germany (£4,380,278), Argen- tlus (£2.001,044), the Unlied KÜMANLARIAKUTESTPLYKONAKUPE**** or long fight and that each
States (22,818,022), Switzer- calculation should take not more land (£2,477,342) and Australia Food and Tobacco
than two or three minutes
(€2,044,250). British American Tab.Co., Led-complete, Imperial
at
Tabacco: Co., LtdSTA PROCEDURE
Miscellane Dia
Brith Oxygen Ltd. Ord-60s.
Canadian Pacific_Ny-$51
Dunlop Rubber Co--251,
Hongkong & China Gar—13.
Imperial Chemical 365 70. Lyons & Co--720
Unilever Lid-ure 34...
Карет
xd.
to
2
CFA also asked that the new Tho answer to a question which, in relation to turbine aircraft, had never before been able
procedure should supply Radiotelephones For
to be UK Vessels On
worked out. This question was whether, bearing in mind that
Bowater Paper Corp Ort ea. the strength of headwind nor- Great Lakes
Radio and Electrical
Associated Electrical-883 34.
Ricetrical & Musical-62% pd. Engilsis Electric Co--41 04, General Electriowain pd.
Shipping Indo-China Blean Hav, Co, det ord P&_0 Steam. Navigatiori daf ord
A 746.
Stor
Orest UniversalStores "A"-da
Marks & Spacer Ltd-070 1140. Woolworth Teller
Come
Coats J&P Ltd 24 d. Courtaulds Ltd 4.
Pfings
Anglo-American Corp of South
Africa-19
MARC
mally increased with belghi, the aircraft should climb into a stronger headwind and gain the FARCONI - radiotelephone' advantage of better engine per-VI equipment has been formance, or ta descend into a Jesser headwind, but suffer an fitted in four Hood Line vasals, owned by the Ulster increase in fuel consumption,
This problem had always been Steamship Company, Minit- ja question of "try it and seed, of Belfast, which will be
fis aclution could be of prime trading regularly to Importance, en a long radgo
the
night, since in conditions or Great Lakes area of Canadi sovare headwinda' could, mean
Three of the vessels, Rathla the difference between a non Head, Roonagh Hoad and Carri slop journey or having to make an Head have been equipped with the new "Fulence,” a com«
Closing prices, all in sterlingnn Goldheids of South African Intermediate landing.
afler-71 160 per long ton, únoûtelal noon-segloria-
$3.00 Copper
}
Cant. Zine Corp Ord#31 9.
BT100-7440 Free Blute Development & Invest- mentis 11⁄2d
Hot koning 10460 Pink Cor
22031 7340.
Buyers Sellers
7001
700
730
23.05
Spol
27914
12.03
2-month
药临
Lead 12 half
32.05
June
70%
Sepl
2014
Zine lat-half.
Sutio
Sept.
SINGAPORE
All prices in Straits cents per
1b. Lob. Malayan ports!
NEW YORK.
All prices in cents per ib.::.
ppt
$4.00 mm.
No, Jung
July
No. 21 June,
Mo, 2
No. 4
Spot rubber unmed
Blanket crepe
Amer. & Fyrin, Power ar
Am Home Prod, con
American Metal
Am. Neturat Üns American Biolting Am: 'Buger Bet, s Amerkan Tel & TH American Tob, "1" Ancconds Copper Armco Scəl` Armour KAM
Соп
Batimara ♣ Ohio.
Bank of Montresi
Betencial Finance
giendix Aviation Corpy
Bengust Come
Bellilehem Stcol·
Airplane
Packing - Cutu
· Cana.“ Bk. of Comm. Campbell pup Co.
Phip Morris
Pitney Bow
Procter de Gamble Co.
Pittsburgh Plate Gun Publicker Industries. Pure DI
511% Radio Corporation
Tada Corp. Pre
public Blo
14%%|| Reynolde Molal
Royal Bank of Canada Bew, Roebuck & Co.
zal || Beloway Blures
Ki
Baht Log. Faper
Behenley Inc.
Blic Scott Faper
Go Brathi, Gino a Tronch
Busany Mobi on
Solar Aircraft
Bouth Puorta Ilion Bugatt Southern Co. (The) .... Southern National Gas
411 Southern Tallway (Comi)}
Bigndard Branule
20
Biandard Our Cai
1195.j Stenderá Oil of Ind.
Kendari Ol' of, NJ.
BSB Rock
Sterling Drug Co.
Blokely-Van · Camp.
191) alone & Webster
247 Bludsbekur-Packard, Corp.
admungking Mining
with Co.
Texas Co.
ca cai ch
Open interest: 2,117 contracts.
All prices in conta per ib Spot
DAN LIVERPOOL myAll prices in pence per thei
"American" Cestrict
"kka
AMSTERDAM
·All prices.
| kilogram, elf. June;
subber
No. # rubber
NEW ORLEANS
No. 1 pale: crepe
LONDON
All prices in pente por_1b71.
39.0%
179. 4. Tirs 100s.
Mettlement house termin
FOREIGN EXCHANGE
JO NEW YORK Closing rate:
Uruguay.
**Hongres marketa,- eks.
LONDONĄ
Closing
Now
Tire
Union Corp-ats.
West
2015 | 197) 03.
The Bristol team was LTY- mediately sent out to Canada to Pact high-power radiotelephone transmitter operating on the work closely with CPA The intermediate equency murtne result of their efforts has taken band. In addition, these three the sapo oba single sheet of vessels together with the Fair Lid-perspex-covered card on which Head have bear, fitted with are printed a set of coloured Nautilus frequency-modulatad charla. By referring to this, the VHF equipment; and the Rath- navigator cum now, compress hla
Driefontein Golẩmming
71% Ward and Cons-30s 3d."
British Borneo Patralsum uritiah: Petroleum Co.. LE30
urnah+-pa»M""
Love Dutch Petroler Skyil Transport & Trading-120
45 minutes task into less than 30 lead and Roonaghs Hend seconds, and in addition the how have MIMCO. telephone Syndialement of trial and error in microphonor on
and talk-back installations with the bridges, Tomoved from the question of forecastle and poop whether an adjustment in betegn cruising, alutude is necessary) The Fair Hend was one of the How, no matter how tre- first three Brittas versels in the quently the weather conditions opening convoy, and⠀⠀ the, may change, either. Immediately noonagh Head and Rathiin,
a lengthy Head: Juve already followed her fight the operating draw city through the by Beaway, The Lokermine in wzpatkar of socanda Boodagh Head, under the.com- the most efficiant way of opera» mand of Captain EyW. Binck, in the aircraft, thus saving le probably one of the biggest precious minuten in the airables to saylante the Beaway, so- which he wver have identi can far; but although the Seaway In- mean a desk of money, to only ngw, opening to, vasuals of the "operator --
Agreed Merchant before or during
Rates Swiir FranonMaximum Selllog. 744-4
Exchange Rates
1. Nuxis job on hand for the Min mendist the Far Head, and The lect): Operations. Development