Page
THE CHINA MAIE, THURSDAY, JULY 2, 1959.
London THESE 'JUNE WEDDINGS' ARE Closes NOT TO BE EXAGGERATED
Higher Not Nearly As
London. July 1. The stock market closer
higher today buoyed by reports that the economic situation has brightened. į Industrial advanced along broad front with Courtaulds strong on farther consideration of the company's diversification policy in tobaccos,
Of the breweries, Ushers Wiltshire moved up on news of Watney the trading the with Mann,
Gill-edged
favour and
moved bal drifted lover.
nf Ins
foreign bonds, Greeks advanced but Buities eased. Losse pre- duminated in dollar stock",
Gold Shares
Gold shares frmed after a with and eloved quiel start widespread gains. Dlamends and planum stares also gained.
Coppers improved inder the lead of Selection Trust,
Ol were dull and rubbers frmed smewhat.
started u pew The markets fortnight account in a cheerful was re- but activity mux stricted to some extent by the
Big As Those
In America
By SYDNEY S. GAMPELL
London, July 1.
HONGKONG
STOCK EXCHANGE
Our Own Correspond.
Business Cone on the Hong-
amounted
Stock Exchange this
ap-
Noon
WALL STREET MOVES TO RECORD
HIGH GROUND
New York, July 1, Chemical, aluminium, and steel shares lifted the
ANSPORTATION
ONE COMET FOUR
OUT-PERFORMS
TWO DOUGLAS DC-6s
Buenos Aires.
stock market into new record high ground ONE Comet VI can out-perform two Douglas
today.
Some profit-taking developed (Liritish Arner. Oll
JUNE is the month for weddings. After being kong
beaten by another suitor for the hand of Brimming
proximately $1,030,000, tish Aluminium, Alcon has managed to get into the quotations and the morning's near closing time but the list United Kingdom market for aluminium by marry- ing the aluminium division of Imperial Chemical Industries, paying about a £5 million dowry,
Harrods are being wooed by three other groups of stores and will presumably merge with ane of them; probably United Drapery.
These things
much arouse Interest, but should not be ex- aggerated.
The Alcoa operation is quite LA labour disputes. in the printingsmat. It is paying roughly
million for a 49 per cent stake trude.
has gbout renewed in a concern which Harrods
Unlied of the demand and cluset 7: higher ath1 per cent
aluminium 1345 but House of Fraser lust: Kingdom market for ground.
in were
fire-purchase were wanted
Anance issues
w the news of
the furthe ri in the II. P. debl, Insteraner shares advanced
fresh.-UP,
Closing Prices
Cilleder fonds
Franquet 20, 597R/JUL
1142)
335976+
Furbling Stck 3 B20
1341 AGR.
Cartel 4G
Envestn
£74-5 1. Ima!
...
£67?
Finding
Jan
3.
£4-9-10.
€73.
Fuming Lakh
£10-13/10.
Savings
Savloga 3.. 1955 55
1.
1960/70
10/20
R-3/14. Savhs 3 75 MXZIO.
Thanks Barvy's Tank "A" 14d ud. 57%
tered (AUR-40 tud.
Hongking--253).
Insurance
Untar tautaner Cw/110 - £4-7/1
Alteran and Motors
Autor
JJY
products.
Big Operation
Reynolds, Alcon's_great_rival paid about £18 million for
*
British
49 per cent share in Aluminium, which was roughly
a third of the market-o that is fair enough.
{CITY=LIGHTS"
"Mark my words, dear. there's a future for Sidney in the City-two minutes on the booch and he's taken over four
Band- costics, one pool, £100 yachts and a buried
daddle
London Kaprave Service.
Indeed, avers
transactions:
#alc
Bares
Bayern Sellers
HANKS
JIK Bank
130
10 fu 1:20
Fast Aslu INSURANCES Unket. Lombard .. SHIPPING Wheel.is
DOCKS, ETC.
K. Whart Dock
728
HK Land.. Humphrey Really
RUBBER
Analy
10 » 040 10 m 1:25 47-35
managed to rolain most of its rains-quins that ranged four points or mort in the more, volatile issues,
Industrials lei all day. Itails and utilities were Buggish,
The Industrial average had one of its biggest gains of the your, thanks to wide gains in such rucs as Du Pont, Good- year, Alcoa, International Harvester, and U.S. Steel,
Farnplements, drugs, elec-
Tyres, CAMION 20044pecial issues ruled strong with
trotiles,
and
American
many at new highs. Home Products at its best was up more than 10 points. Rey- nold rose dive at is best in the aluminium group. A long st of specials
two to for points. Aircrafts improved. Au- tos were active and firm. +212 produced some guine than a point.
5.03
TABO 6000 r 5000
200 M 101
44 4423 Pinvident. 12.50 12
300 12.30 500 12.30 500 6 12.40
Taikou
LAND, ETC SIK Hotel
32 1300
32 0241
27.90 20.10 2900
33 15.20
1.00 1.825 10000 1.00 10000 160
20
1000)
79
319
2:29 2.53 2009041 2523
3.0 3.274
1.13 13000 1,275
20 10 20140
150 1500
20.18 2800 282)
Star Ferry
.
Yaumats... Light... Electric
718 120 LGU 119
124 17.70 17.00
17.01 27:00
1000 2000 20.70
20 no
30
500 10 341%
100+ 34 50
5 stocks
40 bond....
A. Tuwah.. Sungata... 2.53 S. Kelantan UTILITIES Tram
ہوا ہے
Today's volume was 3,150,000 shares.
Of a futni 1,218 shures traded 165 were laugher, and 322 lower,
American SUH
Exchange
volume was 1,090,000 shares.
Whoever gets Harrods will pay about £30 mlllion for it in shares-depending of course on what the shares of the acquir ing company are worth after the operation when there will be so of them. By British many standards, that is 41 sizable
not to go operation,
the comparable to
for Watneys STORES, ETC. total of both sides of the British on with his bi
and the speculators who expect. Aluminium take-over.
the ed rival bidding for that brewery
2500 21.60 27.70 500 the bonin in take-Macau E.
101 like the boom
2015 26.90 In some Telephone. equity markets, may be getting INDUSTRIALS
ear its peak. The onry opern- Coment 344 342% lions were done long ago,
Clore has decided
In
The United States
Texaco merger with Superior have had their fingers burnt.
Oil involved shares worth three times as much-indeed,
worth
more than all this year's highly
publicised
British
take-over
Ord-13
aroused little publicity in United States and hardly outside.
the Any
Motor C-66% 56,
Elreweries Distillers Co- 27% 40
and materials Buliding Assoclaved Potassi (verol-Gal4
netin Jolteon Assseiates Did
246 ver
Coal, Steel and -Engineering Babcock Walços 130 Vickers L-31 d.
Food and Tobacco
* Girl.
Britt American Teb. Car, Lid -
Imperiat
--5
Tobares Co.
Miscellaneous
The Oxygen Lbs. Grd-$23. Caution · Pacile fly--$14 Dunlop Rubber Co -25 4d Ex- copatul
nakong & China Gas-10. Imperial Tiventral... 36» 30.
Lynx 2 Ch?n trị.
Univer 1d 9diz.
Paper
Dowater Paper Corp Oid-52k fid.
Radio and ectrical
Assaclated Elreliteal Sf.
Elvetiical & Musirgt -244 14. Engal Electate Cb- 42.
Gener Feetrin. 30 S.
Shipping
Indie-Chris Steun Day. Co. dirt and---275.
P&O Steam Navigation del und -35 102
Biores
Great Universil Stores "A"-421. Mark Spenter - Min al- Woolworth P. W., & Co -618 79. Textiles Create Lich TH INE. Courtmalde Lu-395 B
Mines
Corp of South Anglo-American Afric-14 D
Copa Goldhelds of South Africa- 20 41 4
Cor Zine Carp. Ord-03 74. De Beers det-161 10
Free State Development & lavest- sments 450.
in-4 10d.
Rony kukin-49. Petalles Bàn 03 xử, Southern Kinta Cuna 10-724
Union Corp (3s Id
Wert Eriefontein Guldining-- 1201 101 xd.
Wort Kand Cons-20% lyd xd.
Ol
Briti Borneo Petroleum Syndi- cat-528 Od
Britt Petroleum Co., Ltd-300
34
Burmah-82.
Roynt
16-733
Dutch
Shell Transport
30,-kouter.
Petroleu
Trading-135m
No Rival
100 175
Bonds volume amounted $0,340,000,
Daw-Jones chasing averages
were:
Industriate
20 voile
15 utiles
|
Culif. Packing Corp.
Lena. Brewers Campbell Soup Co.
IT Financial Corps
Chrysler Molora
Cluott Peabody Colgate-Palmolivo
Columbian Carbon Co. Commercial Credit Cannobdated Fison Continental Oil of De Crane Co.
Cinen Zelierbach Cuban Amer. Sugar Diamond Alkai
Dunand Oam Douring Alrerati Dow Chemicals Dupont de Nemour Eastern Airline
Eastman Kolak
El Paso National Qat
| General Dynamien
Grumman Alteraft Gult 011
Idaho Power
Imperial O
DC-6's, according to the experience of Aero- 38lineas Argentinas, the Argentine State-run air- liner, which is the first airline in South America to operate full jet services.
Aerolinens Argentinas has three Comet VI's in operation, and three more on order for de- livery next year.
Long Range Radar
The Company established the Aid Instrument
first commerelid jet air service
in South Amerte on April 18
this year with live flights 21
week to Santiago de Chile. On
Washington.
TUGHES Aircraft Co, an-
May 10, it inaugurated is per- HUGH
vices to Landon with two fights
a week, and on May 30 to New of an
York with one flight a
nounced development airport aid device
week. which it described as
On all three routes, it cuts fly-mujor break-through in long
ing lime by conventional air-
craft by about half-and flight range observation of jat air-
of the airline, talking of
weeks- plonos,
Company omelalg told a news head conference the device, a tiny ampliner enlled the perometric
Company's satisfaction with the Faranip, increased the reach of endar by reducing background new aircraft, said that it already
hoise made by present ampli- had 10 fully trained Comet
ders. They sald It could double crews, of eight people each, with
the range of ground and aircraft over 200 hours of jei flying ex- perience and 99,500 miles of jet der systemis. Buch!.
The device was developed carried
in May during two years of research this year chowed an increase of
Hughes Laboratories in 59 per cent compared with inst Culver City. Calit.
Passengers
co-clfleient
OF
utilisation of the Comet VI is The company Bald it could 68.93 per cent compared with be used by airport surveillance 56.1 per cent with DC-6's. radars to detect let transports
to
Canadian Pacino A.
2554
Ca. 1.) Co.
Cat. Tractor
Celanese Corp.
12. 0 5312 GD
47% 30
48.a
020%
63
36
48 P
20
60
12
471%
90%
25114
401%
67
34
Family France Corp.
First Nat. City Bank
Fireme Tyre & Rubber
14474
772%
are fully
booked for
Ford Matur
ahead.
531
General Electric
60
to more
General Foods
DI
At a press conference on June 8, Commodore Guiraldes,
Genersi Mira
$216
Gen. Pub. Uul.
Getty Oli
Gen. Tyre & Rubber
Glidden Cree
742
47%
drich B. F. Co.
Goodyear Tyre
100 150% 201 11018
Hammed Organ
2
to Heynen Newpor; Carp
3.
Homestoke Mining 4.
42
Hizkunan Retria.
21
41.
Inger-Band
PHO
May, while the
050.20
Inland Steel Co.
033%
108,40
Interbhemical Cony
374
07.911 hdresa Machines
4404
2217.42
Inti Horventor
512
09.03
International Nickel
150.01
Interrational Paper
Inti Tel & TEL
101
Jabit-Manville Co.
33
Kaiser Industry
Karvas C. Power & Light
47
$ 301
Kennecoll Copper
117
Amberly Clark...
a
B1
Leatt Meyers Tob. Cn.
12
twe
322
Lily Tulip
129% | Lilton Ind.
1134
Nanyang
16.20 1040
3000 101,20 500 a 10.20 100 or 10 30
American Airline
def
Tackled. Alteraft
302
& Badio
Loows Ingo.
11%
Lone Star Cement Co.
32
B0%
Lowenstein A Sour.
2112
14
McDermott J. Bay
43.2
INVESTMENTS
MeDonnell Alterat
Argentinas
Int.
11216
| Mesabi Iron Camp.
of DC-d's to
4.10
433
Di
KAFE. Invest.11.40.
FG
Mission Development Monsanto Chemical Co.
2421%,
241
200%
Motorin Ines.
BQT
National keuit Co.
us
Nailona Cash Iteg. "A
G37
National Dairy Prod.
75%
National Lend
2774
National Steel Corp.
New York Centrai
ESTL
5:47%
US dollars (per $1}
5.74
cre
and
Sterling holes iper C..... Australian noles (per £31. Indonesian rupia per 100) Siam deals per 100) Singapore (Stratej
16.01
1 Ballimore & Oile
Benefleial Ploance Yandix, Aviation. Corp. Denguet Com
402
27 | Owen-Illinois Glass
7902 K*****
12.53
Bethlehem Elect
581%
Pacific Gas & Elec. Pan American Airways
Dooing Airplane
371
Paramount Pletures
47
28.06 Forden (The) Co.
noss
Parke Dayle Ch.
42%
101
ifurtough Add Machine
31:4
Jenny J. C. Co.
of
112
Penn Salt Cu.
100
Philip Morris
60%
Pitney Bowes
411
Procter & Gamble Üi.
213
Publicker Industries
1017
4112
6014
TD
0811
7742
100
There is also to be no rival
Dalm
...... 15.00 10.20
Watson ....
14% 14.70 1 Craw... 18.40 COTTONG
6.13 Textile ....
bidding for insurance companies operations put together and Yorkshire Insurance has drop- ped out of the bidding for Scol- Ìish Union. which will get the Scottish company without a fight, At the week ended June 20 The United States lost another $20 million of gold aruf this Allied Among all the obscuritles one ele duly brought the
United pretty-clear-thing-is-
particulates gold stock to less
Paying Dear
Harrod's shareholders.
thu
for
tarty the preference shareholders hair the Free Warid total
the first date since 1937, who have strong voting power, In the first half of the work are going to do better than the ended June 27 it paid its 5344 sharehokiers of the requiring
million in the IMF and that company.
to well brought the gold stock
The latter will be paying dear for their prenase.
100 16,10 1300 16.10
100 16.20 1000 1400 2001 40
G12000 R
4000
3000 11 100% 5 2000 M
Exchange Rates
Bueriners was done
exchange
to the oval
narket
After this the round $20 billion for murning at the following rates:
the first time since 1949. Very great bull market there are no
shrinking bargains in equities, wisely, these developments either on the stock exchanges being regarded temperately
without alarmism-China Special.
or in take-over.
U.S. Economy
Has Good Half Year
Yesterday's Closing
Comm. future price sex
Closing Prices
Alden inc. hey
Allied Chelyats
Allied Mills Inc.
All Chalmers
Am. Drake Sike American
Com American Cynnawild Ce Arner. Ä Furu. Power Am. Gas & Electric Am. Home Prod
A. Much, M. Pdry. American Melai Am. Natural Gas -American---Smelling-
Am. Sugur ef American Tel & Tel American Tub, ""
Anaconda Copper
Arinco Steel
Artwotif
Alisa Cona, Minkig Bakiwin-Lima-Hum.
COMMODITY PRICES
Jay
Aux
SUGAR
Opt.
Estate crepe thin
July...
thick July
AMSTERDAM
22
Closing prices all in guilders
per kilogram, clf. July,
No,
rubber
NEW YORK Closing prices all in cents per No. 2 rubber
16:
Washington, July 1. The United States eco- nomy made substan- tial recovery in the first half of 1959, but
Contract No. 4 (world) some government ex
Sept: 2.79; Oct: 2.81: Jan: 2.25: cautionsMar 2. May 27 July: 3.00 perts were
Sept: 3.0 Oct: 3.04: Sat--it... Today in estimating 2.20.
Total Sules: 413 contracts, trends during the Open Interea: 2,667 contropis. Contract No. 6 (domestic) second half,
Sept 3.47: Nov; 5.B: Mar: 4.59:
Total Sales: 32 centrnely.
Open. Interest: 1,306 contractą
kew
is
The optimisin engendered by rising industrial production, in- Juge creased employment and business expenditures for
and equipment plants
The moderated at mid-year by Töminention of the Berlin- crisis, the possibility of a steel prab-
Chicago Grain rice, as the unsolved
Chiengo, July 1.
Closing prices all in cents per bushel:
Wheat No. 2, red-
lem of agricultural commodities surpluses.
The Brot hall year Wos
Spot-tr... NY. ex-diny): 5.00.
No. 3 rubber No. 1 erepe
METALS
NEW YORK
Closing prices, all in
2.66 buyers
2.00 Inver
2.65 xyers
per b.:
2.86 buyers
Lead
UNI.
July
Sepi
Zine
July
Sept.
Copper
July
Sept
Tin
July
Seit
COTTON
NEW YORK
Closing prices all in cents
UPI.
per lb.:
Spot
RUBBER
marked by a decline in United prices, alt in cents per Ib..
July
NEW ORLEANS
LONDON
Mainects Bilalog
-40323- blontgomery-Ward
Olin Matieson
Otls Elevators
Oxford Paper Co.
Wirgi lale Glass
Pura Oil........
Rudto Corporation Radio Corp. Pref. Knytheon
tepublic Steck
Reynolds Metal
Scars, Roebuck & Co.
Safeway Store
In the near future, Coinmo- while they are farther away Core Guiraldes added, Acro- and thus allow smoother linea Argentinas would In= | scheduling of landings and crease its frequencies to seven takeoffs.
serviers n week to New York
via Rio, Trinidad and Havana, SENSITIVITY
10
Los
week Angeles or San Francisco, four
The greater sensitivity pro-
Potam at ahorter range would permit detection and the or small business planes Comels will enable Aerolinens military jets that are now only
Images on rodor, the .
a week to Europe, and a daily vided by service to Santiago de Chile.
The
Incorporation
to transfer its fleet "vague"
domestle routes company said.
Ket The Company is hoping to
equipped Rodor
airliners the for government approval
could have greater advance purchase-of-10-Fairchild E-21.
warning of possible storms-and- for It turbo-prop transports
turbulence it they wero domestic services so that it can equipped with the device, ac-
out-dated Dougins cording to the company.
scrap its
DC-3' and Convair 240's.
RENEWAL
n
Churles W. Curils, Monoger Hughes Microwave Engineering Department, sald Several executives of the Bri- the device would cost about tish Overseas Airways Corpora- US$500 and could be used on tion have been visiting Årgen-
South Atlantic
six months.
ting to investigate the possibility government-owned radar ezts in
resuming operations, which were stopped The Instrument is eight inches several years ago, leaving Bri-high and one inch wide-about tal without on air service to the size of a brick. It is rugged, South America.
casily maintained and simple to
It is thought possible that the add to present equipment, British will use Comets on the Curtis sald-UPI.
route, and in
that case
Illy
enter into a reciprocal servicing
} and maintenance arrangement Cork Dockyard
with Aerolineas. This wou!!!
114 probably mean that the British
Overseas Airways Corporation Spring Surprise
would service The Argentine
Comets in Europe and Acro-
of the
N announcement by the
British Comets in Argentine. Dutch Veroimo com-
It might be possible, too, for the
Shell Oil Co.
Salat leg. Paper
19
Schenley Inc.
37%
Scott Paper
702%
Binetsly O
631
Smith. Cline & French:
6132
lincas would take care
Socony Mebli Oli
4391
Bolar Alretail
23!4
AN
South Puerto Rico Sugar
22
Southern Co.
The
37%
two airlines to integente
cents Southern National Ga
Southern Hallway (Cont.) Standard Brands
BS!
jet
11.73b
Standard Oil of
47
Biandard Oll of
3121
Buenos Aires and Lordon- China Mall Special.
JODIU
1107b
153 Standard Oli of Cai
Sterng Drug Cn.
Stokely-Vant Camp.
Stone & Webster
cabos Studebaker-Packard Cor Sunshine Mining
29.15
Swift & Co,
102831 Texas Co. 125
Closing prices, all in stering
J-2Apol
35.60
per long ton,
34.00
23.23 Tin
3-month
32.71 Coppet
32.25
Spol
30.76
3-month
10.23
Lead lot ha
July
Oct. Closing prices all in cents per Zhelst halt
Oct.
March
May
July
Oct;
NEW YORK
Det.
Rex rubber futures closing
Bb
Sput
July
Oct.
Dec.
March May
Jtaly
Oct.
trade coupled with น
States inerchandise export
July
stable
Sept. Nov.
Jani,
Mar.
May
of
July
Sept
Spot
1001
July g
107
Low
1005%
Close
Sept.
情
Des
150-3
ments thus
Maret
1991-1
with
a considerable
May
197
Opm No. 2 yellow.
gold.
Spol
129 Rom.
July
Sout
119-120
March
1157
May
119
Дуб
July
12234-173
Sept.
183
Gals
July
Sex
Soybeans. No, 2 yellow
Spoś
275 nom.
July
22315-31
Sept.
21245
Nov.
-
Jan
Marti
ats!
Barley
Spol
120-133
New York flour
200 lb. sack.
$13.10
UPL
loss
conta
Avg.
No, z July
"
SINGAPORE
Malayan
ib.:
POT-0431
30.21
July
Oct,
Textron Inc.
Thickal Chent. Tide Water A. O
Tune Inc.
Tri-Cont Warrocita
Twentieth Century Fox YES
Buyers Sellers
Union Carbide
Union Dil of Cal.
70015
701
Union Pacife. Raliway
79%
703
tinited-Airersiker
United Fruit ....
FOREIGN EXCHANGE
NEW YORK Closing rates:
Canada England olivial
volume of imports. The United
Stales balance of foreign pay- became adverte,
Suslaining hopes for United
States economic acceleration Closing prices all in Straits in the next half-year were:
per b. f.ok. The January-June auto ports.
and No. 1 July mobile production
sales exceeded expectation;
The advent of jet alr= | No. 3
023-034 U101 planes on domestic and No.
24-0314 Spot rubixe unbated International routes which pro-Blanket crepe
924-0312 longed the boom in the nvla- No. 1 pale crepe
07-19 LONDON tion transportation industry;
SL Closing prices all in pence Lawrence Waterway per l
2773-2775 which brought the great lakes No 1 Tas pot ............................. area further into the world
Bottlemont howe term: Oct./Leo. commercial arose, and tremens | Jan/Mar, dous competitive efforts in AprJune
0731-25 Atlantic and Gulf coast ports. Oct./Dec. July/Aug.
27-27 UPI...
General markets, gif, 'basť
LIVERPOOL Closing prices ullin pence per
July/Aug.
Oct/Nov Tvc/Jpn. March/April
March/ApŢIL
BAO PAULD Prices unquoted.
Average price in U.8. at 14 Bilan Cesignated spot markets: 34.33 Vienna Tutal sulcu; 7,194 balos.-UFT:
Completion of the
30-days
American Contract
21.50
21.20
May/June
21.43
July/Aug.
21.80
Do-Jay
Mixed Contract
· July/Aug.
Oct/Nov.
21.03
LONDON Closing rules:
Dec./Jatt.
F1.33
New York
Lymantraal
May/Junio July/Aug,
21.43
Amsterdam
21.00
| Frankfurt
Pari
Brussels Copenhagan
Zürich
United Gas Corp.
U.B. F
U.S. Gypsum
U.S. Line Co,
8. Rubber
דיוס
701
100
their pony (which took over tho
schedules so that the travelling Rushbrooke
Dockyard
at
public could be offered a daily Cork Harbour some months aiveral service between ago) that orders for ships of
SAS To Link Up
With Northwest
ROUND. THE-WORLD
jup to 30,000 tons for con- struction at Rushbrooke will be accopted from December next has coured surprise in Dublin.
on at to
the the
Work is going dockyard preparatory
Excavation and construction of
new repair dock, but it had
A link between Scandina- not
teen anticipated that, the
vian Airlines Systom and start until 1961 or 1005. Northwest Orient Airlines is le proposed to build two slipways for ship construction,, likely to result from 越牌 In addition to the new repair agreement between SAS and dock.
When these are com- of up to 50,000 tons will be built at Cork.
Thai Airways, Aviation pleted ships
as planned, SAS and Northwest Japan's Largest Cargo
13. Smelting
Wock hot learned.
Bolt
UH. Stec
101
U.S. Strel 7 PC. FF
143)
792
Warner Bros.
If the two-stop deal comes off
Waukesha Mutore
48
Wealinghouse Air Brake
will participate jointly in opera-
Westinghouse Electric
041,
Wertens Unión Tel. Co.
574
Wim-Dixie Stores
42
Woolworth (K. W.)
Zenjih Radio
-UPI.
197
****
tions of the The carrier
will be able to fly their own aircraft over the Thai Airways Bangkok-Hongkang-Tokyo route.
From any of these points SAS
Wheat Payment meeting service cast across the
Ship Sails For Manila'
JAPA
Tokyo, July 1.
On
sailed from Nagoya, wostern Japan, maiden voyage to Manila, this afternoon.
and Northwest would offer con- TAPAN'S largest freighter Pacife to the US and west New York, July 1.
har via Karachi to Europe. The Agriculture Department announced the following PAY- Both airlines 281-7/32 meni, rates for wheat and four Manila, where Nortirwest con- 2.01-9/32 sold before 3.80 p,m, EDT July |nects with Trans World Air- 2.51-1/16 2 for expert periods as noted.
1.04
אופמן
serve
at
The 20,000-ton Nikko Maru Ines flights from Bangkok and was earlier today delivered to
the Nizakion Company in Gulf const hard Red spring to SAS goes on to Tokyo and the
but ceremony which took place all points except Latin America | polar route to Europe,
of the Nagoya the dockyard 05 cents a bushel; to Lalin neither now serves Hongkong
Shipbuilding Company, omla America .02
through and SAS has no Pacific link to #September 30, 1950; Gulf coast the US West Cosol, ma
all other classes to all points except Latin America 43 cents
a The Nikko Maru, which coate 1,350
(about million yen
The two airlines, atap would | £1,250,000) is 178.0 metres
a bushel; to Latin America 40 benefit from a built-in feeder tow, 22,0 matres wide and has a crats a bushel through May network through their participa- | maximum speed at 10.0 knots." 31, 1000-UPI.
tion in Thai Airways.
-Beuter: