Page
THE CHINA MAIL, WEDNESDAY, JULY 29, 1959.
LONDON MARKET RECOVERS
Selective Market In London
Stocks
London, July 28. held fairly mixed on balance today although the general undertone was good in highly selective market.
Wull
Falling unemployment, Stegt peoks und the latest re- view of business conditions all helped the Armness
han fer- dustrials. Oils ved narrowly while motors and shipping were mostly dull
Properly shares were mortly ler bul fxtiles improved and gains warg
the In breweries list.
יו!
Gold sharis were wiertively Arm in small trading. Base melals were very tulet.--UPL
Closing Prices
Tiritin's
VECO-7/10.
Oledged londs Transpart 2",
Concol 255–253. Consola 49m £ 74% Convenian
207-7/10.
1
1070/08--
Lovi DNS. 1900
Funding Loan
61-15/16
Funding Block
£01
19:00 - 3.
1976 1000/2001---
4. 1949.95~
Bavings 34, 1903/05-EDAL.
£732.
Fundi
מתנג1
Saving 3. 1909/10-£5;4. Savings 3%, 1969/75 £205.
Semence
Bout Of Jitters Over Prospects Of General Election
London, July 27.
When it comes to sensitivity the Stock Market makos Sweet Alico soem an un- fooling clod. (Remember the young woman in the poem who unaccountably "wept with delight when you gave her a smile and trembled with foar at your frown.")
HONGKONG STOCK EXCHANGE
Our Own Correspondent
Business done on the Hong- hong Stock Exchange this morn ing amounted to approximately $770,000. Noon quotations and
Share
BANKS
the morning's transactions;
Buyers Señors
11K Bank XD 930 Asia Asia ... 1930 INJURANCIS
The London Stock Exchange is just recovering
from an almost equally unaccountable bout of Union ...... 0115 jitters brought on by prospects of a general SHIPPING election,
It was hot, mark you, the fact of a general election so much as the possibility of a So- cialist victory. Although als everyone recepls October 16 an the kellest election date ther was nitelent uncertainty event This far ahead to inspire smail solling whigh snowiudied, as there things do, and bring pricest tumbling.
Almost a week had to pass before the market
shivering
stoppert
Why The Flap?
What was all the flap about? Did he so-called well informed
FRANCE'S
FOREIGN
EXCHANGE
POLICY
Paris, July 28.
Wheelocks
DOCHS, ETC. K. Whart.. Dock
Provident
TЯikuo
LAND, ETC:
04
pg
States
0.30 3000 a 150
20361 0.25 10005,30
OIL STOCKS TAKE OVER LEADERSHIP ON WALL STREET
New York, July 28.
Oil stocks, after a long period of inactive, narrow movement, took over leadership of the stock market today.
The rise in this group, which heavily weights the industrial average, sent that figure rising to a new record high. Railroad and utility issues ingged in what was described as an in- Ballon stock market.
its
Some strela encountered profit-taking and declined but most of them moved higher as Wall Street ignored the steel strike
now
getting into third wook.
US Steel held in a narrow range as the time approached for the corporation to release the first half cornings report and net on dividends,
Du Pont featured the chemi- cala and at 263304
best level of the
431% 43% 000, 432 11.00 12.70 324 3254 1130 or 32
life Kutel 231 232
24.20
1004
1218 2017
day showed a gain of more
1,50 1,695 2096 2 13than five points. Other chemi-
UK Land.. 30%
Meally KUBBEN Amalg
2.GO
Trukt
7.55
A. Tawah.
3.10
UTILITIES
Tra
Star Ferry.
C. Light
28.40 131
140 111
11.20 10.50
drcles in the market really be-France hus completed an Youmai
lieve that circumstances were banked in favour of the So-
cialists?
Let us try to answer that by
Union Insurance Canton-£3-3/re looking at the set-up in Brital
car.
Aircraft and Molars British Motor Corp.
10.
Ford Motor Co-Ed.
Breweries
Distillers Com20 74.
Ord-144
Building and Materiale Atrociated Portland Cement-ce Pinchin Johnson Asociates Ord- 22.80.
D
Coal, Steel and Enginee Baboock & Wilcox
Vicken
Lid30.
Food and Tobusco
starting
overhaul of her foreign exchange regulations by merging the transferable frane zone and the dollar Electric
into a single unit Meso E. called "the zone of con- vertibility."
zone
und assuming that inid-October is indeed the date Mr Macmillan has in mind for going to the country.
The most obvious
This follows the various moves place is Westminster where we
made since the beginning of the can perhaps gauge the Internal
year under which external trans- health of the two major parties.
İcra between QEEC countries What we see is a solidly and dollar countries al be united phalanx of Conservatives converted without restrictions. facing a Socialist army riven
Under the new provisions im- by dissent
its over
H-bomb porters
are allowed to cover polley.
their purchases abroad Atx Noteworthy too le that 50 ontha ahead instead of the near to our hypothetical election three months authorised hitherto date, the Socialists have chosen by buying the necessary foreign: as their major attention-Africa exchange on the forward mar- (Nyasaland and Kenya), Curket. 1tainly this is a big issue but it
kind is not the elections are won and lost.
Dr American Tou. Co., Lld B** 36.
Imperial Tobacco Co., Ltd--85 $1.
Miter)laneous
British Oxygen Lu, Drd-43 Canadian Pacide Ry-$52%. Dunlop Rubber Co-224–1975. Hongkong & Chin Gas--13. Imperiat Chronical-3% 2 Lyons & Co-70. Unilever, Ltd-100x 711⁄2d.
Paper
Bowater Paper Corp Oro-Sia. Radio and Electrical Associated Electrical-54x Dd. Electrical & Murcal-9. English Electric C
General Electric-on d.
Shipping Indo-China Sica Nav. Co. def ord- 30.
P&O Steam Navigation de! urd 56 34,"
Storea
Great Universal Store "A"--42x 7yd.
Marks & Spencer Co-02
Led-13 4th, Woolworth F. W.
*Texies Coats J&P Ltd-100 %. Courtaulas Lid-39%.
Mines
Anglo-American Corp of So, th
on
What Is Best
In the case of exporters for- which word sales with a maximuni of six months will be allowed in
In the past they had! future. been nuthorised to eperate three The sorl of consideration-months ahead but were showed spart from loyalty to party-to extend the operation for at- which swaye the ordinary voter lies three months.
The six-month option is grant- itt the materialed only to imparters operating with an import Beence. "Importa under the import certificate pe ecture are not entitled to this kelity--China Mail Special,
is "who is best for me?" And he
best mcans
acnse.
The voter's answer to that In the question will be found Lallei box. But for the moment Circumstances seem to be con-
{ spiring to moke him look to the
right for his answer.
Exchange Rates
A long warm summer has_In- ducevi a feeling of contentment which makes a change seern Un-;
cessary and bothersome. Un-tulok at the following rates: employment is falling, prices US dollar per $11 have been stable for mary months and he has rend same.
-Bulness WAS done in the local market this unuifels exchange
4.75
Sterling notes iver kåt. Australian notes (per £1) Induncalon suplah (per 100.
Singapore (Sizni
15.15
18.03
1.00
20M
1.82
Arrified of South Atrien-where that nuluren prospects real per 1007
704 720
Cons. Zine Corp. Ord-03.
De Beers det-100% 34 Free State Development & Inve ment-12.
Felling Tin-a D.
Rand- 44409.
Southern Kinta Cum Ltd - 226 d.
Union Corp00% 40
West Driefontein
137 1014.
Golantning--
West Rand Chha~22 3d,
l
for sterling are better than usual and--if he does not already own them-his chances of buying cor, refrigerator, television 20 and even a house are betler than he can remember.
He cannot help knowing that It is the result of the Conser- vatives money policy which has put banks in the position of let-
ncy in the form of personal Icons.
British Borneo Patroleum Syndling him lave the necessary
csic-41troleum
British
Burmah. W
Royal Dutch Petroleum-£1%.
Shell Transport
-Neuler.
Fotophone
20.00 23.70
INDUSTRIALS Cement.*** Amoy Cap.. STORES, ETC. Dairy. 17.10 17.20
Watson
L. Crow... COTTONS Textile Nanyang
20000 2,075
5000 2,0's
cals generally were higher.
Electronica Issues mot profit- 1000 er 2.5taicing and fell back two to morehan four points. Molor's ensed la mast Instances. Tyros were mixed.
1600 e 29.40
3006 111
1000 18.30
2558 or 1855ad
300 13 20
Gains in the olls ranged 10 more than three points and this group held well,
Today's volume was 3,180,000
505183) shares
1000 18.35 240 14.3) 125420.00 1000+ 20.70
2333 + 20
Chrysler Motors Cantt Prabody Colgate-Palmolive Co. Colombies Carbon Co. Commercial Credit Consalidade. Ertison
Continental Off of Del. Crane Co...... Crown Zellerbach Cuban Amer, Sugar Diamond Alkali Diuinond Gard Dominiert Stores Douglas Airernit Dow Chemicals
Dupont de Nemours Exilem Alzino
Ensimon Kodak
El Paso National Gas
| Family Finance Corp.
Titans Tyre & Rubber First Nat. City Bank Ford Motor
Georgia Pacific General Dynamics General Bectric
Idaho wer
Imperial Ou Ingersoll-Rand
Inland Steel Co.
Pago
COMET 4 PROVEN AS HIGH PROFIT EARNER FOR BOAC
THE British Overseas Airways Corpora- tion's experiance of the Comet 4 in operation since October 4, 1958, shows the aircraft to be a high profit carner and likely to be economically unrivalled
on their network for several years. This was announced recently | Tokyo and Hongkong most con- In a report by the Do Havilland venicent, ntreraft company which goes on
to say that not only has the air-
First eloks bookings on the Far
craft the right port of passenger East route have been particular- capority
high-frequency ly favourable. Advance bookings
Гог
services over a long period ahead westbound out of Tokyo repre on practically all Bone rouley, except for peak North-Atlantie traffic, but also it is able to um
ent load factors ranging from 5 per cent for the week from June 14 to 72 per cent four Tourist bookings,
the moderate-size airports that weeks ahend, predominate.
atrendy satisfactory, show great
Advanco
same
In order to obtain a more cor-improvement now that it has rect indication of the relative bren realised that the Oriental economic merits of their differ- Comets feature 6-breast tourist
class accommodation. ent aircraft types, the Corpora westbound tourist booldings out tion calculato a passenger brenic-
covering the even load factory bor deducting of Tokyo,
period, represent Tom factors from the total operating cost an
ranging from 90 to 60 per cent. estimated constant revenue from dead load (freight anul malt) for
Passengers on
the Eastern the particular route and then routes particularly appreciate the dividing by passenger-capacity Comel's ability onerally to fly ton miles, This practical | above the monsoon weather; the to aircraft's effective search radar method shows the Comet 4
1.
General Foods
General Motors
0714
Gen. Pub, Um
2412
Gen. Tyre & Itubber
Getry bu
|
Glidden Co.
4912
Goodrich (G. F.) cu
$415
Goodyear Tyre ***
Grumman Atreraft
23
Gulf o
Hammond Organ
Heyden Newport Corp.
14%
22
552%
Homentake Mining Co.
Huseman Refrig
4774
1741
63434
35
1041
129
30
John-Manville Co.
574
amounted to
Kanias C. Power & Light
Kennecott Copper
1031
Kimberly Clark
痛
Liggett Meyers Tob. Ce. Lily Tulip
PO4
tor.
07,62
107,51 | Lockheed Aircraft
Loews Incorp,
31%
2:32.57
31
21
30
Of a total 1,228 issues traded 100 were higher and 487 lower.
American Exchange was 1,340,000 shares,
Bonds volume $5,400,000,
volume
Dow-Jones closing averages
were:
20 ****
8.40
2 20.10
1;
►
120334
217 3414
30 Industriata
52) 17.20
500 17.10
1 tes
BDO 17.20 13 stocks
16.20
500 1000
LG 20 10.30
20.00 21
....។
$550 sm 1012.) 40 bonds
0330 à 90 10.40 10 03 2300 6 10.40
MISCELLANEOUS
Viuro. (33,30
INVESTMENTS'
Ent.
Allied "A IK & FR Invest,
"X.nts & n. 11,00
0.43 350 0.35 4039 04.03
CITY LIGHTS
"Like any wise firm 128 spread our interests 7"
London Express Service
Cumin. future price Index,
Closing Prices
Abilist pwr. Paper
Alden Inc. Acy. Algoma Strel Corp Allied Chemicala Allied Mill Inc. Allis Chalices Am. Brake Shoe American Airline Ainerean Cable
Corp.
American Cyanamid Co.
Amez, & Purgu. Power
Am G & Electric
A. Home Prod
Am Mich. F'dry American Metal
Am. Natural Com American Sinelting
Am. Sugar Ret. American Tel & Tel American Tob. "E" Anaconda Copper Armro Steel Armour
Allas Cons. Mining Baldwin-LA-EATTL Baltimore & Ohio Beneficial Finance Bendix Aviation Corp.
Benguet Cons
Betlehem Steel
Boeing Airplane
Borden (The) Co.
Burroughs Add Machine
Fritish Amer. on
Calif. Packing Corp. Cana. BX, of Comm.
CASO 13. 1.) Co.
Cal Tractor
Celanese Corp.
interchemical Corp.
Int'l Business Machines
'i arvester
Internationa) Nickel
Internet onal Paper Int'l Tel & Te
6204 | Lition End,
83.20
Lone Star Cement Co. Lowenstein & Sons.
150.43 | McDermott J. Tr
McDonnell Alterafl
Merab Iron Corp.
11%%%
08
have a low cost per passenger in any event enables areas of ton-mile, with in turn # low heavy turbulence to be avoided. break-even passenger-load fac-
The Comet 4 passenger break-
even load factor after allowing Turkey To Get More
for intereafon capital, and train-
ing
and route-proving costs
spread over the life of the aft
cruft is between 13 and 47 per cent, varying as to route, seat arrangement and seamen
Far East Service
Cargo Ships & Tankers
FOLLOWING
Bevorst
wocks of discussion,
the Committeo for Economic Co-ordination has now mado
On the U.K.-Far East services provision for the purchase by the reating is 20 first-class and Turkish Concerns of addi- 43 tourist and 80 per cent of tional cargo ships and tank-
Is available for load capacity passengers.
OTS.
It is understood that several contracts are likely to be con- cluded shortly, although all pur- chat will be subject to licence,
The Government will grant foreign exchange allocations either for the full cost or for
On the North Atlantic the break-even load factor is a little lower-43 per cent. The Comet 4's range was not pitched to enable it to fly this route with
maximum payload, but nevertheless it can carry a sub- stantial load which pays off well. The combination of 20 deposits not less than 25 per de luxe seats and 32 first-class cent of the value of the vessels remain purchased. In the latter case, seats, with most of ing dead-load capacity occupied buyers will be required to meet produces a high subsequent payments frurn the with mail, average rate of revenue which foreign exchange earnings of
lelds this low, break-even load the vessels concerned, factory and consequently substantial prodit.
1
The latest available gutes 4 Comet
achieved show that Turkey has some 165 Brui vessela of 1,000 groas tong load factors are
running at about 02 per cent. over, with a lotai gross tonnage on the North Atlantic and over of
cent on
about 650,000. However, UK-Tokyo, quite a number of these vessels
where the complexities of sec-ore old and uneconomical; for bookings make it difficult in is expected that new purchases practice Lo fill more seats will fargely be for replacement With the low break-even fac Furposes
Minnesala Mining
Mission Developnient
3414
Moneanto Chemical Co.
4035
Montgomery Ward
404
120
Motorola Inc.
43
National Biscuit Co
National Ensh Reg. "A"
533
National Dairy Prod
29%
Matinal Lead
Nadin
National Steel Corp.
10
New York Central
Noranda Mines 10.
142
Norfolk & Westens By,
1011
47
North Amer. Aviation
180
Northwest Altines (Com.)
Olli Matistemon
25%
0114 Elevators
401
170
6214
Owen-Illinois Glass
104
44*
3011
Oxford Paper Co.
Pacific Gas & Elec.
Pan American Airways
271
Paramount Pentes
Parke Davis Co.
471.
Penny J. C. C
Penn. Salt Co.
1776
Pip Morris
4032
FELY Bowes
42%
Procter & Gamble Co.
Piltsburgh Plate Glan
0574
Puncker Industries
50
Pure O.............
42%
344 Bando Corporation
07
03
Radio Corp. Pref.
7205
354
Ruytheon
62+
Fak
Iepublic Bleel
73
eziy
Heynolds, Mein?
12114
The
Royal Bank of Canada
Campbell Soup Co.
BJ
Sears, Roebuck & Co.
4716
passenger
Canadian Pacino n.
29
Shell ou Co....
70%
2242
Safeway Stores
37%
110
Saint Reg. Peper
5274
C. LT. Financial Corp.
Bo
Schenley Inc.
70 per
South Paper
Sinclair Q1
00
Smrth, Clas & French
507
Sucony Mobil
4415xd
Solar Aircrafi_po
2011
South Puerto
leo Sugar
221
Southam Co. (The)
3011
Southern National Bas
Bouthern Railway (Com.) Standard Branda
522
Standard Dil et Cal.
Standard Oil of Int.
4011
Standard Ol of NJ,
Sleep neck
12
Sterling Drug Co.
July
Bepl
11.4
1200 Boon a Webser
Stokely-Van Camp.
3924
Bits
Studebaker-Packard Comp
1212
Zine
July
Sunshine Mining - ..........
Sept.
11.12
Swit & Co.
€015
Copper July
20,00
Texas Co.
14
20.10
Textron Ine,
July
101.00
Thickel Che
031
Sept.
101.30
Tide Water Asm Ol
251
Time Inc. *******
LONDON
TH-Cont. Warrants
Twentieth Century Fox Filen
37%
Union Carbidin
14815
501%
5842
700
2701
10314
3-month
ZZD
Let t
70%
714% U.9. Smelting
Zine-let bult
U.S. Steel
3143 10412
6 Warner Bros.
4743
Westinghoure Air Brako Westinghouse Electric Western Linica Tel. Co. West Va Pulp & Paper Winn-Dixie Stores Wuciworth-{k+W1)- Zenith Radio
497%
1184
UPI.
Yesterday's Closing
COMMODITY PRICES
Ca.. .td-501
& Trading-201.
Yes, everything seems to conspiring in favour Conservatives.
be
Oct/Dec.
I
the
COTTON
No Guarantee
ports:
Of course that does not guaṛ- ! antee them un electoral victor in With more than two
Aug
NEW WORK
Sept.
Closing prices all in cents per
Estate
months to go to our hypotheft-lb.:
July:
Lead
מוד
per lb.
2.90 Buyст
SUGAR
NEW YORK
Closing, prices, all in cents
..
Closing prices, all in cents Union Out of Cal
Union Facile Railway United Aircraft Buyers Bellere United Fruit
79315 | Ünited Gas Cory,
ts. Foli "D"
2003 US. Gypsum
US. Line Co,
TO US. Rubber
FOREIGN EXCHANGE
Attempt Tou
Settle
Zine Strike
New York, July 28. Negotiations are continuing be
tween the New Jersey Zine
Steel-workers
Union with
cal election date anything could Bpot: 33.05; Oct: 32.37: Dec: 32.31; happen to swing the golden light March: 32.02: May: 32.00;
3; Oct: 30.26; Deo: 30.21.
of favour on the Socialists. Bui as things stand it is difficult to see what that could be.
Socialists too must be The
The wondering
thing. And at the same time they must be pondering the sort of things which could trop up to dim
their chances. further
One
samu
_Company__and the United such could be an unpopular in- dustrial-dispute such as that which lavolved railway engine- every hope that an agreement drivers around the time of the will be reached within a day last general elections. or two, * DOMPANY oficial
There, necesarily in brief, in fold Reuter here.
Britain the setup in
with the balance favouring a return to power of the Conservatives, But I doubt if the Conservatived. the Socialists la edge sufficient to preclude further attacks of market Jitters be- tween now
October, ← London Express service.
Union officials were alco optimistic about a quick settle. mint, Workers at four zinc mines and two smelters of the New Jersey Company went on strike at mid-night on Sunday over, new labour contracts; ------
at
OVER
-end
The old contracts explied various Unca between April 30 and June 30.
The minos
are NY Rubber Market inyolyed at Friedensville, Pennsylvania, Austinville, Virginia, Kliman, Colorado and Fint Gapi Tinnepace
+
NEW ORLEANS Closing prices all in cents per 1b.: .
Spol: 3; Oct; 131: Dea: 32.07: March: 32.01: May: 3231; Juły:
31: Del: 3023; Dev: 30.20.
BAO PAUL Prices unavaiinble. Average prices in U.S. at 14 designated spot markets: 32.00 cents. Total soles: 11,438 bales.
LIVERPOOL Closing prices all in peace per lb.:
American Contract July/Aug: 23.40 Octstilov: 21.13; Dec/Jan: 30.68; March/April, 2000; Mixed Contract May/June: 2120: July/Aug: 27.20
July/Aug: 22.80; Oct/Nov: 31.03: Dec./den: 1.30; March/April: #1.35 May/June: 7135; July/Aug: 2139— vrt.
RUBBER
NEW YORK
New York, July 28. Rex rubber futures today clusul 33 to 70 points higher on sales of tid contracis,
į Rex rubber': futures closing The two smelters aro at
Futures turned higher, today is prices, all in cents per lbg? Palmerton, Pennsylvania and consumer interest Increased stul Judy: 36-23 BADU 30.30 NOV Depue, Hilnoid.
offerings from the Far East con- .6: Jans 30 March: 54.75; May:
Jubre, 24 ho DON LONDON
It is estimated that the tinued light. Steadiness in fiklillies had been producing nembys partly reflected fears 'of zine at the monthly rates be- | a dock atziise, by the ILALA tween 7,000 and 1,000 tonA The bout price for No. 1 Rss per but
China Dial Speciali
was quoted at 30% cents.-UPL Bettlement house termi
Closing prices all in bence fo. 1 Ras pot
Jan./March April/June July/Aug, Oct./Dec. General
Markel, c.le
294%-20% crepe thin AUT 21A thick Ark, 31% AMSTERDAM
Closing prices all in guilders per kilogram, c.lf. July.
No. 1 rubber
•No. 1 rubber
No. 3 rubber No. 1 crepe
2.35 buyers Tin spot 2.03 buyers.
3-month 3.12 buyers Copper an
UPI.
METALS
"NEW YORK "Closing' prices," "all in" cents
Others all
LONDON
Closing raloe:
New York
·Mushieght
Dopenhagen.
Vienna
NEW YORK
Closing ratom
Canada
per b
Sept. Oct Jan.
Contract No. 4 (World)
March
Mor
July
Sept
boot. Cuba)
Engend ofešál
Total Bales: B63 contracts
Open Interest: 7,400 contraçıı
Contract No. 6 (domestic)
New Zealand
Sept.
5.80
outh Africa
5.99
0.60
March
$.00
„_„Open" | Interest:
lors of 43 to 47 per cent Boar
regard the
д Comet 4
נעם
economically attractive passen New York Ferries
ger airliner, and especially 5376 for high-class trame,
Chicago Grain
KO
A larger-diameter fuselage
than that of the Comet cronomically advantageouts for the operation of high density six-nbreast configurations --- wastefully expensive for the do of four-abreast operation luxe and first-class services. The diameter of the Comet 4 is well cuited to Ave-abreast' seating and is particularly advantageous for four-abreast seating.
Have British Radar'
NEW York City Feary Ser-
vices which carry 24 mil- lon commuters and ~1,000,000 vehicles yearly between Man- hatten and Staten Island are to be fitted with British · (Dovea) radars at a cost of $100,000 for
23 radar. Installations.
Only three months ago the same "department (New York Department of Marine end Aviation) ordered the same type of British eadar for the Brook- lyn-Staten Island service.
Pure Jet Traval By the end of the year Boac will be providing only puro-let travel on the For East and Aus- tralian services. It will, howe over, be a long time before all the other lines operating the routes can offer the same at the crowded walors of New traction. Throughout this period York Harbour.
New York, Fire Department have ordered Decca Radar, too. will be particularly useful in
(Decen Radar.
the Comel 4, able to serve any Ltd, Albert Embankment, Lon- intermediate trame centre, will, don, S.E. 11.)
in Boac's opinion, have superior
Economic attractions aud pas-
sunger appeal.
The report goci, on to say that advance Atlantic Comet
Shipping Risk Cut
bookings 'nru, very satisfactory (THE- War Risks Nating Com- and by mid-June: it was dif« * mittor of the Jostitute: of cult to get a seat on the New London. Unitlorwriters announces York-London Comet service for that the war and strike, riot and Chicago, July 20. at least two months. Wezibound elvit commotion shipping risk Most grains were lower today
Comois on this roula wera very | rates for bulk oil shipments to on the Board of Trade.
heavily booked for at least a or from Indonesia hayo been
Toduced. Wheat cased after boldlog month, ahead..
It is too soon after the stort of steady Jovel through
On loaded from or discharged sesslost, Local Comet services to the Far East into tankers in the oil decit, or tradors and commission houses to produce an up-to-date detali by pipeline, la now rated at le
ncar a
most of
0300%
the
were, buyers, as traders ex-
cal`analysis of Hovel Tuetorn TO-
pected an imminent: resumpang to soetoe frame along this Per£100, compared with the
But 9,000-mile roule, May games Previous, rato:of Ir od per cent. Bion of export trode, hedge sales continued, probably showed overall lead factors b
bgainst movement of crops
In
the southern part of the Spring
wheat belt,
tween London and Tokyo tof
almost per cont Load factors Ships Laid Up
achieved uhturally vody, con-
siderably Belivennt einges, one of
A portion in the selling of the most popular focing the HERE was a further incrERIO rym and soybeans, was regarded | Tokyo-Hongkong rectoryWhlah CD the total grui conndgo na: liquidation pax Induced by - taupen 199 total bocorting in the of ships laid up in Bekinin.^at the rains.......... But there was good schedule; a Alma often localads: 103 ||Born: 185 1980% of the total of Buying of agytesta on resting practice, & Facoonwce, and, utha: 17139,018 gross tons/home 304,992 orders. Trado was light,m, UPL morning departure times" from tons wern, tankers.