Page
THE CHINA MAIL, TUESDAY, JULY 21, 1959.
Peking Looks West For Trade
LONDON New Drive
CLOSES Expected To
Widen Export
HIGHER
London, July 20.
The stock market closed
+
higher today with in- dustrials leading the way.
Steel shares finishext higher but did not alway hold their best prices, Tubiiceret, textles Build- nd stores were strong),
The
ing harrs avancer under Head of Vitek Donnindon Trust,
Among the
Firm pols in motors were Jaguars, Ford! mia Baby Gift-ged serurities Foreign bonds alt med, mt vid within a narrow range.
Gofel shares picked up sane Kround but interest
19:5
14:34
const few shares with S Belaa and Western Boldlights |
mong the favourites, --UPL
Bot £..
Closing Prices
Fundr
(tedged y
Four prot
Comel d
Conver fo
te
CMWONG
1
Stork
£73-16
Fundamt Im
J-170
190990
YAN
1540/
Saving 3., 1993 45 99-1100
4.
Havines 10 14974
Saving. 3, 193/73
Pa 474
Hanks
Tarebay's Bank “A” Ud cut-bas
Chartered Bank -49h Ed. Jack
1:52.
INDFENC
When prance Contes - AT&
Aircraft and Metark
201
Mute: Com On-s
Ford Motor Chad
Breweries
Dhillers Con Materiale
Building Associated Portland Cement – G3
Inchin Julinsedi Asmatrales Gra BIN GL
A
Cual, Strel and Eachverlag, Tahoek & Wileus (5)
Food and Tob2110
IB Amrican Bob, Co., Ell
med luegos Co, Lt 37
MellatronN Brika Ogy pen Li Qi 57. BL. Canzglkan Parle y-Sau
Hulder Co 21. 1.
Traprifol Chemarol- 31. 196 Lyon de la Ag. Uneve e PS Pga.
זיופי
London, July 20.
HONGKONG Heavy Selling
STOCK EXCHANGE
Our Own Chírespondentă.
Business done on the Hong- kong Stock Exchange this mern-
$1,305,000, Noan quotations and
mounted to approximately
the morning's transactions:
Sharr
BANKS
lik Bank
China may
be the next Eastern country tong seek a change in the pattern of East- West trade. The next step from Peking is expected to take the form of a drive to widen the basis of her export trading. Chinese trade representatives in the West are now
prospects examining market
for semi-tombant manufactures and a number of other goods surring which have not so far figured prominently in China's exports.
Peking acts on this market research, as some!
alnervers believe likely. Chicago Grain
the results should begin 10 make themselve evident before the end of the year,
The Impetus
The impalus is understood have canic from Peking's current reappraneat the composition and scope of lure export tracte la Du luht of her own industry needs ander the latest develop
ment p
Market
Chicago, July 20. Most grains, closed higher on fast-minute buying today on the Board of Trade. Grains
דן
Huyers Sellers
DIO DATE,
Baira
11
20%
947.5 315
1413
Fant Asia.
INSURANCES
Whoclock
Tasker
4.45 10,000 12
6.401 6.43
DOCKS, ETC. Thanks.. - 422 445,
Trov lefert
000
41
123 12.70
12.
12.70
20180 $330.
32,
LAND, ETC. AR Holy 2010 239
M]
zazu
23.10
UK Land. 24. 25.
Z↑ H
**(10 372
122
24
Hombres Bolly
161 1.50
5:031 *
Dive
REMBER
Tawah
TILITIES
Renerally recovered Tweet from razly weak, levels Jate in | A | the Fessica on a wave of Inst
and commission house buying orders. Soybeans were úp more than three cents in the rally, and com, which was weak all
Heater correspondents in Paris ned Boon report that Wesday, closed higher in the deferr- Europe, as well as Britain, sed contructs, watching with Interest 10 what decisions tli Chinese Government aice. In the mean Time Chinese ordering Europe has declined sharply From its levels in the final quarter of last year.
Tham qua pay Star Ferry 140
1.6
1.34
€1
3.45 31.10
11,072 2 3 1
#9.40
Vaulwati. 118 11-1
Light - 1840 18
2004
+1
2003
14.50 10.09
10
500
1840
Betrie
20.00 20.30 1133
23.7J
F.
1.00
20.10 1. 28.90 3492390
400) **
4403 28.73
23.00
23 78.10 18 20 10
1300
Kee The early selling in soybeans |
resulted mainly from the Iravy rain reporta and on predic... of more. Northwest houses con- tinued to sell November. The Micno export trade
but Telephone was light, Poland was reported to have brought red wheut and India rye.
Closing prices all in cents per total I... bushrt: Wheat No. 2 red
STORES, ETC. Daley.... 13.0 175 17 Watson
13.10 13.30 200
200 0
Peking is ne casting armand for fresh outlets in the West because of growing internal de mands for feedstuffs and raw materials, nevarding to reliable observers.
Outlet's
Her own industry can use raw materials which have found || eomparatively easy outlets in Western markels in recent times, As her population's Hving stand- ards develop, there will be d fermand for Kenter Internal
Bowater Hauer Pump Ord-31.
Electrical Hadin and Associated Fleted BON 341 Eieritival & Muswada dần xil Frich Elector Co 4k General Eleetele 29 MI
Shipping
grek Nuve Inclo-Clana P&O Steam. Navigation of und -344 $.
Klares
Giral Helvertal
Ꮧ.
Sito " 12 "Markt & Spencer Lad has 254. Woolworth F. W. & Co 156 fol.
Textiles
Coats & Pad -25% tagja
Catuks 1 d.
Mines
Anglo-Aruri Bean Cora of Africa--101 14:
DIVIDEND
Spon
Judy High
Lok
Chine
Sept.
Drc. Marel
Corn No. 2 yellow
INDUSTRIALS ( Cervent •
32% 30% 1609 6-
1-100
167
[BG
Lane, Craw
1001
COTTONS
100s.
100%
12734-120
20.10
14
ل الله
INSPORTATIO.
Of Car Shares VANGUARD AIRLINER
In New York
New York, July 20.
Car stocks came in for some fairly heavy selling
near the close today. Ford finished the session off more than two points while General Motors and American Motors
Idst more than a point each.
American Tel & Tel
|
Amurican Tob. "u" Armco Steel Anacan Copper Armour
The selling in autos spilled; Am. Sugar Rer. over to some other groups and left the market lower on balance for the third straight day. The oils, steels, ralis, tyres and sugars also featured on the downside,
Brokers attributed the már- ket's over-all, weakness to un- certainties over the length and effects of the steel strike. They mild the market probably would continue to move in an irregular pattern over the near-term,
The rolls suffered the char- pest decline in the averages on a percentage basis. Losses of a point or more appeared in come
of the lenders. Investora are takhows a cautious attitude toward the rails, which are feeling the pinch of the steel strike through reduced earlısıdings.
Steel Losses
The steels slowed lusses rum n the ning to a point in most Henderse A few specially steels whiels are continuing to operate during the strike, scored sharp Rains. Simonds Sany & Steel four nt its ran up more than high and Keystone Sterl
was
up more than two at its best.
The clls lost fractions to mere than a point in a few pivotula.
Du Poni and Union Carbide led
the chemicals lower as a group. Tyres were under pressure,
Today's volume was 2,500,000 shares.
Allan Cona. Mining Dalwin-Linn-Ham. Baltimore & Ohlo Bank of Muntreat Beneficial Finance Bendik Avlatlun Cir. Benguet Cons
Beuteltem Slee
Hoeing Airplane
orden Crae) Co. Borrinigin Add Machine British Amer. Ol Calif. Preking Corp. Cono. Bk. of Comm. Cana. Breween Campbell Soup CAL Canadian Theile come d. 1.) Co. Cat. Triebir
Celanese Cury.
CET. Financial Corp.
Anat Bank
Chryster Motors
Curt Pendy
Crown Zelleringh
Bar A
1
.6219
17
43
2014
יד
1
$
维
4032
2000
MAY INTRODUCE
MASS AIR TRAVEL
THE Vanguard, nirliner's recent crossing of the
Atjautic în 51⁄41⁄2 hours, à record för turboprop aircraft, is a notable achievement, for the next big move m the airline industry must be towards mass air travel, says the Society of British Aircraft Constructors.
Shipbuilding Indust.y
Expands In Poland
Jht it is dmcult to see whore the extra träfile is coming from unless fares are reduced to en- able the man in the street' to gol nữrberne. 'Expense berounts travel is showing shans of stoge pation and of moving, towards 'ebenper servlees. Recent frendy have confined this. But there is a vast traffic potential tying|F| untapped.
per cent
of alr
POLAND is intent on
rapidly developing its prófitablo, thipbuilding in- annual
In the United States, for dustry, and by 1965 hopes example, 13
to be launching an travellers are gulers, yet 435,000 tons from its slips represent only 414 per cent of the population.
THE BACKBONE
and
in Donzig, Stettin Gdingen. Thus, Poliah ship output should double bo-
At the same true, the stale-tween now and 1965. meal come on, airline nel pro- 1ts
seven
of last In the final quarter sinat! are dangerously (about per cent) and money year, skipbuilding accounted for is tight. Short and medium 12 per cent of the total worth Ital scrvalg carry about 70 of Poland's heavy Industrial ex-
Over the next per cent of the world's airports. trame and represent the back years, the Poles plan to Innoch ships for a total of 2,250,000 tons. bone of the airline industry This is clearly the field which lends itself to immediate and significant expansion.
Combin Corbon Cu
Conunerclat Credit Consolidalest Fatiguri Caslinental Gif of Del Crane C
037
Culina Amer. Sügar
21
Dougios Alturaft
47
Dupont de Nemours
303
Fartern Airline
Fastman Kodak
Family Finance Corp
30%
Firestone Tyre & Rubber
|
Fleet Nat. City Bank Ford Mator
7357
General Dynamics
An
Dow Chemical
George Pacific
General Electrie Genom Foods
General Motors
Gen. Pub, UL.
Gen. Tyre & fumber
Getty Oil Glen Co
Bonds volumne amounted to Gramman Azerafi
1120
or a total 3,200 shares traded, 371 were higher, and G15 lower.
American Exchange
volume
11.20
was 1,140,000 shares.
Goodrick B.F.) Co. Goodyear Tre
15.29
$3.420,000.
Muir Oil.
Dow-Jones closing
averages
Hammond Degan
were
6.10
6.15 200
6.20
30 industrials
531.54
11 1003
10.00
20 rasie
$35 artities
10.30
Nanyang 10.70
MISCELLANEOUS
123-124 Vibro.... 13.20
INVESTMENTS
1.05 4183050
Allied, XD 1.K. & F.E.
Taved. X RES
11.00
Exchange Rates
38
(15 storka
40 bond
Cunn, farlare price index
Closing Prices
Abilib Pwr, & Paper
Alden Ian. Ary.
Algoma Steel Corp.
Alked Chemteals
Allied Milk loc.
Heyden Newport Comp.
Hansestake Minding Co. Husan Refrig.
103.26 daha Power
De Imperial
216.31 Ingersof Land
A3.10
160,24
Inland Steel Co.
Interghemiesl Carp.
Int'l Businces, Machines
Int'l Harvester
Internatione! Nicke
More than half of this tonnage
will go to the Russian and Polish feels. Last spring, the Russians
Obviously, the answer lies in placed an order for about 100
which acroplane
pent's ships, totalling 700,000 tons, to drastic fare cuts, thus lapping be delivered between 1980 and Polish Meanwhile the
faite about
a large traffic potential, yet 1985. which will enable the airlinea to fleet will probably make
reasonable profit. This $90,000 tons. is precisely the role tor which
Up to now, 55 per cent of all the Vanguard is intended and, Pulish shipbuilding has gone lo already, 40 have been ordered. the Soviet Union. Since the
A Vanguard with 65 per cent founding of the Polish slup- of its scals Alle, earning a 10 per building industry in 1040, 170 Tart ships with total tonnage of clone cent profit, will permit
reductions of up to 40-50 per to 300,000 tons have been built 41 cent over certain, routes from for Russia at the Danzig yard,
230-1,000 miles.
*
What, then, ask the Society, FREIGHTERS
Is being done about reducing fares tu, crable airlines to take
12093 advantage of these fare cuts?
St
Sint
Dec.
11-114
March
May
110 1401-120
Rvc
6 33
fox stuffs, it is claimed. Some
13 P
International Paper
July
128
Setit.
1201-19
401
Int'l Tel & Tal.,
110
Jura-Mawile Co.
Oats
427
Kaiser Industry
1
Co t
HK REALTY
July
GO
Allis Chalmers
3
Kanton C. Power & Light
Sept.
Soybeans. No. 2, yellow
Am. Bruke Shee
Kenniest Copper
Sput
July
Shipt
22013 221 222-5217
American Airline
30%
Kimberly Clark
Business was done in the local imofficial exchange mackel
Americas Cable & Redio
Tugell Meyer Tab. Ca.
Corp.
97%
Lily Tilly
1.
American Cyanamila Co.
E0%
Iation Ind.
Nov.
morning at the following rates!
Amer. & Foran, Power
Lockheed Aircraft
11732 20%
Jan.
2203-
Us. dollars per šti.....
5.7?
Am. Gas & Electrie
49%
Zoews Incorp. ...
.2012
Barley
Eterling notes iper £1
15,96
Am. Ifonu Prod.
1711
Lone Star Cement Co.
Spol
120-134
Australiar notes ipar l
12
Ain. Muc21, dry
|| 116 || Lowenstein & Sons.
New York flour
200 1. Back
Infolasian rupiah (per 100)
1.20
American Metal
25%
McDonnell Airerat!
13.50
Islam Desks (por son)
20.0%
60
Mesabi Ini Corp.
-UPL
Strapore (Siraits)
2.01
432
Minnesota Mining
14742
#
Mission Development
24
Monsanto Chenilest Co.
Montgomery Ward
Motorola Inc.
111
National - Bisettil Co,
National Cash Reg. "A"
Hallensi Dairy Prod,
521
National Rd...
137
Nollenai Stol Corp.
92%
23
2294
01 471%
2011
7
Di
G2
271/
Soth
Loss Coldheads of South Allen-
Come Zime Cre Ord 62:
De Preth of -16% f
Free St Development & invest. 2014-
י . וווין יין
ת וכן
Southern Kit Led-224 2.
Union 15- .ext
1349 4.
West and Cans 2
The Directors hay: decided to recommend so the forthcoming Annual General Meeting dividend of
15 cents per share. subject to audit,
in respect of the Anandfal year ended April 30, 1950.
observers also argue that recenti atural setbacks to China's crops will strengthen internal laims
Goldman.me - ! still further,
Brith Borneo Petroleum Semde cate-ala 10ʻj
Mish Petroleum Co. Lid 514. Bornal-B
Daten
Hoval
24-27733.
Shell Transport
3.-Neuer,
Pitrodum
& Trading-130s
Copper Mine Cuts
Hold Back
New York, July 20. Further cutbacks in United
Statos copper mino pro- duction are being held back by the current coppor
ing to Industry sources,
Yesterday's Closing
Am. Natural Gar
Amertuna Smelting
COMMODITY PRICES
JU
SUGAR
uc-
Chines exports to Britain for this year have followed the braditional pattern, with food. stuffs and raw materials
of sales, counting for the bulk The main headway has been made by tinned and frozen food and by raw materials, such collon waste and soybeans,
ត
NEW YORK
Closing prices all in cents per 1b.:
In the meantime, Western ex- still being ports to China are carried forward antier the im- petus of the wave of ordering that materialised towards end of last year.
Contract No. 4 (wórta)
The
Det. Jan, March
2.411-0% 2.01-03 2.03
2.79
May
2.80
July
2.01
Sept.
2.50
招助
British shipments so far lainl over £9 million and are Well up on the same period Inst year. But the momentum dripped off in May, when shipments drop- ped below the £1 million mark.
Pipeline
They are unlikely to fall of
wage, nogotiations, accord- very sharply, however, because orders are now working through the pipeline as a result of near- World copper producers were ly £5 million worth of business generally expected to trim out-placed with British merchants al out of the metal in the wake of the last Canton Falt. cutbacks by Phelps Dodge Corp.
and Rhodesian Sélection Trust,
these sources call,
business is Some of this
Con understood to have bern cluded on behalf of European They said additional curtall-Arms and not all of it will, go ments were, necessary to bring through British ports. But Br world production, more into line tich shipments of steel, chemi- with consumption.
cals, pharmaceuticals and moc- true sources hinery will be affected. Some copper estimate world producilon (mine and smelter) of the metal at an annual rate of more that 200,000 tons ahead of manufacturers use. -China Mall Special.
2.00
O..
Cuba) Total Sales 332 contracts Opin interest: 7,980 contracts.
Contract No. 8 (domestio) Sept
Jan/Mareb
Aprii/June
July/Aug
Oct/Dev.
2011-2014
2012-2014 38-2014 271-20 General markets, e.l.f. basis, ports:
July
linquoted Лик.
20-2015 Betale crope thin Aug. .. 30% Estate crape thick Aug. 30%
AMSTERDAM
Closing prices all, in guilders per kilogram, c.l.f. July, All unquoted.-UPI.
METALS
NEW YORK ・・・・
Closing prices, all in cents per ib.:
0.07
Nav Marett
Spot-le... NY, ex-duty) 513 Total Sales: 80 contracts, Open Interesi 3,201 contracte.
BU
5.501
Lead
July
Sept.
Zine
UPI.
July
Sept.
Copper
Jul
Sept,
Tin
July
Sept.
RUBBER
NEW YORK
Rex rubber futures closing prices, all in cents per lb.!
July 31 20; Sept: 4.95; Nov: 33.701 Jan: "34.30; March: 25.83; May: 20,70; July: 33.80.
LONDON
11.12
11.00
10.00
ID.A
26.43
Sant: 34-35; Oct: 32.11; Dee: 32.35: March: 325! May: 32,601 July:
; Oct; 34: Dec: 30.31.
NEW ORLEANS
New York Central Norenda Mines Ltd. Norfolk & Western Ry. North Anur. Aviation Northwest Airlines (Cum On Mathieson
Otte ErvaLIS
Owen-linoln Glass Pocille Gas & Eire.
F American Airways Paramount Pictures Parke
Ca.
Closing prices all in per lb.
coris Penay
Co.
Penn. Salt Co.
Philip Morris
32.30; July:
Pitney Bowes
Spot: 31 80; Oet: 32.30;:. Ver: March 32.30: Muy: 32.72; 31.33; Oet: 36.32: Der: 30.20.
LIVERPOOL
Closing prices all in per 1.
Procter & Gamble Co, Pittsburgh Plate Glass
Publickar Industrien fure Ol
Radio Corporation Tadlo Corp. Pret. Hent Raytheon
American Contract July/Aug: 22.69 Oct/Nov: 21.35: Dcc./Jan; 21.50; March/April: 31.10: May/June 21.25; July/Aug: 21.225
Mixed 'Contract
July/Aug: 22.80: Oct/Nov: 21.35: Dec/Jan: 1.20; Marcly April: 21.10; May/June: 21.25: July/Aug: 2125.
SAO PAULO
Ali unquoted.
Average price in U.S. at 1,5 designater spot markets. 33.30 1,409 con-
23.00 cents Total rales:
10.3
101.30
Closing prices, all in sterling per long ton.
Tin
Spot 3-mandit Copper sil 3-month Lead Ist halt
July Det
BINGAPORE Closing prices all in Straits Chinese machinery. ordering geots per lb. fo.b. Malayan zine, at half has been in snäll Jois so far borts: this year, generally in the five- No. 1 July Agure class.
AUR
But textile mac No. 5 July are benefitting. No. 3 July No. 5 July Rpot rubber unhaled
hinery exports among others.
Agreed Merchant, But larger plont orders are lanket crepe
Rates
West German Deutschemarks, Maximum Selling, 72.
likely to wait upon events. On
of Peking's complaints, accord. ing to Informed sources,, is that ECGD, give ices favourable terms, for business with China China Mall Special.
No.
pulo repo
LONDON
July
Oci 9738-0735
97-074
BULA-803, 06-0015 03-00
Buyers Seber
10314 707
700
7001
Æ014
220 2214
tracts. UPI..
FOREIGN EXCHANGE
NEW YORK Closing rates:
714Cuneda.
70 7014
UPI,
England ometat
All others unchanged. LONDON
Clesing rates:
Now York Montreal
Copenlindon Frankfurt
COTTON
NEW YORK
Closing prices all in cents Vienna
973-2776
102-104
All in pence
..
2016-2013
2015-2034 per lb.
Closing prices per lb.:
No. 1 Ita spot Bettlement hau tort
Oct/Dec.
104-13/32
281-3/16
201 3/10-21 3/14 2203016+2,393. 149.381-145.37
11,2595-11TENS
Pack Stockholm Milan Zurich
7704-72.57
Republie Steel
Rexmals fetal Royal Bank of Canada Seara Roctuck & Co. Safeway Afurcs Saint Reg. Paper Schenky" Inc.
Peper
Smith, Chine & Freuch Secony Mohil Oll
Solar Aircraft
South Puerto Rico Suger ...
Soulter Co. (IT)
Southern Natiouni
as
Southern Hallway (Com.
Standard Brands Standard Oil of Cali
NI
Standard off of Sleep Rock Steril Drug Co.
Joely Van Camp.
MUST GO DOWN
These ships include. 11,000-ion motor versels, 6,000-ton trampa, besides org-and-coal freighters, Tramps and a 0,750-ton mother
Recently Mr. Harold Walkinship. son, Minister of Transport and How large a rols ship exports Civil Aviation, speaking at the play in Russo-Polish trade ex- Air Registration Board's annual change can be seen by the fact lunchcon, said that in the Inter- that last year's ship exports paid. nuimal sphere we wanted to for 30 per cent of the 4.3 million find more customers and, in tons of iron are imported from view of the incrense in airline Russla,
traffle achieved by Introducing Nevertheless. the Poles uust
the
class fares .02 economy North Adeatic route, be wog sure, the method would work
62 for the rest of the world, C2
671%
123%
lind other cusioniers, preferably from the West to sell all the ships they plan to produce. To date, two substantial orde:s have come from Brazil and Indonesia. The Brazil contract calls for 14 ships totaling 75,000 tona to
ho To achieve rass travel. declared, fares must be Ket down to the level that, mote people could afford to pay. be delivered by next year, while
faros
It was the UK Government's view that we should achieve the adoption of conomy throughout the world airline structure
way in an orderly the International Air through Transport Association.
Indonesia has ordered 24 vessels totalling 62,000 tons for delivery through to 1962. A recent French order consists of eight trawlers and two 1,100-ton cargo ships.
The Danziz yard will turn out three-quarters of Poland's plan- ned ship production. This year, the yard is building about yo 10,000 tonners, a few 5,000-ton several 10,000-ton
Japan's Ship Industry camps and
Has Very Bad Year
Tokyo, July 20. JAPAN'S shipping industry
suffered one of its Worst
manther ships.
thy
An 18,000-tontonker, largest so far undertaken in Poland, may be launched delore the end of the year.
years in history in fiscal British-Built Ships
1958, according to a govern- ment White Pipër.
Combined
+
reverje
of
50
shipping companies totaled 15.0 billion yen ($120.6 million), à drop of 21 piscent from fiscal 1057.
The Transportaitón. Ministry
While Paper oakd that total pro-
Are Too Expensive
A
Newcastlo, july 20. BRITISH shipowner said hora today that the coat
of how British-built vespoli
5015 Als before depreciation were was to high that it was bo- down to one forth those of coming impossible to barn a the previous year.
profit. Combined deficit to the p
Stone & Webster
022
Studebakar-Packerd Corp, Sunshine Mesina
01
Swilt & Co.
2736
4171
Texas Co.
Textron Inc.
Tokol, Chem,
Tide Water Aksa. Oil
Time Inc. A
Tri-Cont. Warrants
Twentieth Century Fox Film Union Carbide.
Union Ch of Cal.
Union Facile Railway-
Vlies Aircraft
United Fruit
Untied Gas Corp.
US, Voll "2"
U.8. Gypsum vs. Le Co.
V.B. Rubber
47.8. Einelting
US, Sleel.... U.S. Steel 7 P.C. PF Wamer Brok Waukesha Motam je Westinghouse Air Brake Westinghouse Electric Western Union, Tel, Co. Winn-Dixie Stores Woolworth (K. W.) Zenith Radio
יי
He was Mr. Basil Sanderson, dustry in the nest half of fret Cluinnan of Shaw, Savill ana 1950 was. equivalent to $3 per Albion Limited,
who watched
cent of its owned capital o the launching of a new re- other business in Japan sur-
deigorater
ship the CONTRO ferzzi such a hugó lote, 3816
12,030-lan Myric-for his con- 14994 - Japan kept its lead, as the pany, y
zworld's largest shipbuilder with 43 total launchings of 2,070,000 gross, ou But the White
105
1
Mr Sanderson, said. "the price of chips, is ro high, that unless
315 Paper warned that this lead we belleve. in coimuus and Indefinite inflation, there is not might be thortlived.
the alighiest, nas, the earthliest,
of earning out Pulking orders awarded to chance, of shipyards in 1958 sunk to, the trading not only the deprecia- 1449 1053 level.
tion, but a proft as well."
3314
Ho loves the time would Backlogs totalled 3,080,000 Kroc tons, which the Ministry come when shipbuilders, could or even d.not believe; would support stabilige their prices, 401y ahipbuilding yards for more offer shipa at fixed prices lower
ruling than one year and 10 mord than those
[Reuter.
-UPL
today.