Page
✔ THE CHINA MAIL, TUESDAY, SEPTEMBER 1, 1959.
U.S. EARNINGS RECOVERY
London
Shows Gains
London, Aug. 31. Industrial equities resumed
their advance In stock] markets today and gilt- edged also were firm but “Difand-gold-shares-lost-
ground.
In
Confidence HONGKONG Steel Stocks Up
Wall Street
And Business
STOCK EXCHANGE
Our Own Chrrespontani
London, Aug. 31. The hoad of a US$200 million mutual fund
believes that "wo have had the drastickon portion of the earnings. recovery, and morning that applies to stock prices too.”
As the most rapid recovery in
The fresh advance in equities | stock prices and earnings secara reflected good business prose puels and hopes of a success for the Conservatives in the next elections.
GiLedged
in the early stages of a recovery eyele, he reckons that the year- to-year earnings gain
the
US. blue chips, which may rua continued lo 30 per cent this year, will be respond to Friday's virtually fails about 10 per cent next year. uncharged Treasury bill rate
and closer with further gains
of 1/14
dull in
Among factors to watch he to 3/16. Grecks were
priev-earnings idte foreign bod cites the high
inven- market. Dolor stocks mostly calls "peace seures,"
turies, and the trend of capital lo expenditures, moved
hire-
closed lover.
Hankin shares higher Jevols wl:kła pureliams avaneve
It seems share devT-
ispred pomowa strongth.
for
reasonable view. The nouns in bath Wall Street
business
Well may Imrance shares were mixed, am! U.S.
but both buy,, haye Gold shares drifted lower unį retinue, early dealings but steadied later last their pristine rapture,
reason given here some and then slager a musest rally the in places an dobamiesburg bay-į weeks agu: as the recovery
Tow 18 months old, the widen-¦ Szast
Ting hardened and Baralding of pront margins which was; the foundation of :1 Wall rallied after Frulay's Jall cuppers were dull.
Dila ensed to cle with mall losses-UPI.
אן
Closing Prices
Giltedged Honds
British Tannpert
407.
Consub 2012 VETEN
Cotisate are 375-11/16
Conversio
£4-13/16
1.2in
1
4.
but
1970-71
390020
Meling Stark 31. 1968/2001 £71.
12-1/1 4.
Furing LAND
€91-5/16
Savings 34, 1053/05 -£ 1)-(2. "LO, Savings 1900230- £0", Savings
1455-70-RIG
Hansen Barclays Bank "A" Lad and m Chartered Bar
Honkonx-574
Tric
£
Shrutance
THE
Aircraft and Motors
Contin
firits Motor Coup Ord 17.
Ford Motor Co -20m 41.
Breweries
Distiller C-20 145
Acetal Ft Thapa Cez
Budine and Materials
Street boom has passed its first.
Localised
The
Rubber
Market
Review
Buine done at the Hong- Slock Exchange this
amounted ximately $761,000. Noon quota- tions and the mornin's trans- actions
HANKS
On Speculation Jet Of Settlement
New York, Aug. 31.
to a Speculation that a steel strike settlement may be in
the cards sent steel stocks up sharply today,
Buyers Bellers Bales
KK Hank THI DAE 103 64 INSURANCTA
Lot 405
SHIPPING
Whe:ik
DOCKS, ETC.
K. Whigf
Dink
Irovident
Taikom
03
0.33, 1.40
103 47
500 6
4475
1.20 13.40 1000
32 32 70
200
19.30 Kela
LAND, ETC. HK Hodel. 200 HK and w
Singapore. Aug. 31. market opened un- changed and ruled very strany quiet and featureless with minor fluctuations.
mRN
rmalt advance sellers came out | svar Ferty
the market declined
levels
noon
141.201
30 1637 €
500
GO LANG SUPO (1
.
11 1200 14
52 3
ALIA.
123
A: "Tou
120
DAS 161,000 or
is
The afternoon was quiet with small business passing out after
5. Kelantan
1,00
1.30 15,000
100
UTILITIES
130
and
Just
blat
elure.
10 Yoummari for
trading Bee'rie
13
1:4
$7.1K)
299.10 2,000
1.180 or Since 1020 Teleplicere 23 2140 137
113 $7.90 100 <. 2000... 17.10
20,10 29 10
34 30
INF
2140
21.44
34
With confidence so strong (and) stret inventories su comtartable) the steel strike's physiend drn- part is highly focalised, and its psychologied effects are actually made oal to be bullsh
Respectable banking and other quarters in the U.S. argue that the coincidence of post-strike restocking and output at the
During nomeint
hout's prices recovered 10 highest levels of the day.
There win at me engidry for lower sheet which found sellers MASH Ve
rubber In New York, Rex future today closed 25 to 50 points tower with sales contracts.
INDUSTRIAIS,
WNE
42 Exam
Over-all, the. market
war aurke mixed and quiet although some future speclul best. managed to keur Kling on
develop→ merter,
corporale
Youngstown paced the steels and ran up better with a gain rundlag past four puints uz its high. U.S. Sted
ran up better
than three. Ford was sirenet in
the motors where late demand who developed for Chrysler and American Molors.
AGREEMENT
for
Brokers guld the demand steel stocks reflected the belled in Wall Street that negotiators for the steel industry and the United Steelworkers union may be closer to an agreement that they have admitted publicly.
prie, Index
Closing Pricos
Abitibi Pwr. de Paper Alden Inc. Apy. .... Algona Steel Com Allled Chernizain Allled Mills Ine. Allis Chahinery... Am. Brake Shoe Amorten Airilor
17.6
311
354
RANSPORTATION
Engines Are Proving To Be
More Reliable
Washington, Aug. 31.
JET engines on air liners are proving to be 20 times more reliable than conventional engines, Federal Aviation Agency (FAA) officials revealed today.
That somewhat startling safely
statkytle came out of on FAA
study of Jet operations by live Aid For French
...
American Cable & Flačilo Corp.
American Cyanamid Cr
Amer. & Forge, Power
12
of the four US, airlines current-
16:34
Am. Mach, & Very.
332
EXT
Am. Home P
American Metal
Am. Natural Gas American Smelting Am. Bugar Itef. Amerkan Tef & Tel Americans Toh, Anaconda Copper Armoo Strel Armour
Alex Cona. Mining
aldwin-Lam-lanes. Baltimore & ONKE Bank of Montread
Tendix Aviation Corp. Benguet Cona,
Bethlehem Steel
Atrane
Borslen (The) Co.
151
67%
13
29.97
y flying Buying 707'z.
The two airlines studied were
Ban American (for oversens
operations) and Trona-World
(for domestle).
Shipyards
"SYMPATHETIC" reception is promised The survey showed that in five by the French Ministry of months, Twa's jets completed Finance to appeals for in- 148.380 jet engine hour with
431only two precautionary shut-croases of the order of £18.
down in fight, that acks up to million to £20 million in more than 24,000 hours per shut- credits for the shipbuilding clown,
industry.
TO
312
87
Burughe Add Machine British Amer. Ou
British Columbia Pwr
44
Cancion Beitle 1, Cane (31) Ch
24
100
没有
042%D
Calif. 1ng Co Cama. Tik. of Even
Brokers for weeks have been saying a steel strike settlement would be a boon to the markel
Ford was up better than two pointa at its high in a mixed ear group). Ford met support after being tabbed a stock for action by a 21.76 341 1,000 6
Trading advisory The 35 25 1 service, Ämerican Crystal Sugar, 35
which announced after the elos Friday a common stock CT. Financial Corp. Tapi and u plan to exchange hae Manhet. Bank
Cluster Mutem the parterred stock for com-Cluell Peabody mon, ruse more than three. The Gigate-Palmolive Nayan 10.50 10.70 1,000 10,00 preferred jumper more than 10 mineral Credit
Crownl Anky Can
*TOKES, ETC, Bakry of 62
1740 1700 Wat on 1a 18.70
LOTIONS Textilen
,,་
EASINESS Easiness Ins kite of the stendier felge markets reflectei denler and consumer buying hesitancy In face of the Im-
$25 13 900 r
INVESTMENTS
Int. Allied
450
0.70 6.13
Invest. 11.30
riding long weekend holiday K. & PE
and overall erriainties erenteil by the prolonged steel strike.
was quoted
Spot No. 1 Rss
new car models (Including the "empaer" unes which, like sung other US novelties, me an old story in Europe) may well prat 384 cents.
corollary that the longer the steel strike lasts the belter, muy suggest that there is a ratel in it.
ciuce boom atinosphere in the
The fourth quarter.
A lengthy and bitter strike in
Pisan Colson Asseintes Ord [the awost basic industry is
-244 1.
Coal, Biert and Engineering
Babcock & Wilens 144 · 53m u.
Ga
ed.
Vickers Lid-31
Food and Tubared
Br Americast Toh Co. Ltd.
Baperial Tolaven to 1-5 Mirellanous
a----------༥
Hot Marton 10 43 British Oxyer Lid. Or! ! Canadien Pacte y $1!P Dunlop Rudber Co-2 40 Rangkuti & China Gas--134. Imperial Themical--42%, B Lyons & Komis Unilever Los 10 ct.
Paper
Corp nl -7- P. Buwater ger C
adin and Electrical Associated Elected -99.. Electrical & Muledi -524 6. Em#lsz_ }1>p!! ( l Thể General Electriele 3.
Shipping
Indo-Chitus Stowin Nay 6247 - 304 ME,
-274
It
Tot
constructive. This one also
peculiarly In- happens to imetable; the attitudes, particu» arty on the management sute, are unprecedented for the post- war period.
'Peace' Scares
Peace seares, as affecting the defence programme, are not the anly potential source of slacker
thin พ business.
past year's stupendous $50 billion upsurge In the US. national prolet, 40 the tabulous per cent was di rise in consumer spending and Her neatly another 30 per cent
the change from liquidation to eremnulation of inventories.
Meziz Navigations def st
Stures
Great Universal Sloto "A" 450 !!.
Marks & Spencer Lad de 181. Woolworth F. W. &to-50% Zah Textiles
Coats A & P 148-2011 bd. Courtaulda Land-dis dad.
Mir
14
Perhaps it does not mailer I they canot keep it tip short of a galloping inflation, nobody ex- pects the national product
to
soar by $50 billon every year. Anyway, inventories are not go-f South to krep it up, and cansuin- Guide of South Afova - ers may not,
Anglo American Corp at Albea 1975 id.
80 7.
Cons Zine Corp. Ond -17%, De Beers del-1754 7990. Free State Developpant & Invest- men- 4'd.
Hongkong Vin de Zigd.
Petaling Thi-fi
a
Southern Kata Con Li
funds
1
105%
tion Corp--71
West Brie fustel
011
Goldfulning---
West and Cons-29s 10d. 13110 Barnea" "Petroleum Syndie cate-334 9.
Best Petroleum? Co., Ltd-544
Burmah-461 60.
Royal Dutch Petroleum-216-9/10. Shell Transpur & Tinting --1504 Cd-quier.
Agreed Merchant
Rates
Beitian Francy, maximum
As seen by the New York Fel the recent change in pattern has been the surge in consumer buy- inst, and the simultaneous ten- dencies for Government spending anti housing to level off and for Inventory accumulation to grow | more slowly, Inventories are not going to do badly after the sirike. Spectacularly Juve been rising, sules
Wachiragętein dealing with stockpile displ policies have caused buyers al a skondstill for the time being. Consumer interest in the shipment market was indifferent and gauged oberut 1⁄4 to cents pound under seller ideas.
developments
In London, the rubber markel was dull with spot quoted at 315 cents.
In Amsterdam. the market was dull today-UPI.
Exchange Rates
Incal Business was done in the unificial exchangy market Qis morning at the following rates:- US dollars per $1 Sterling notes (per El Atralian notes per £11 Entonestars rupiah Stan: cats per 100% Sinipore (Straits)
9.12
15.99 12.03 5.00 ៣.
1.32
*
The olls and lower. fails
| CHICAGO GRAIN downside. Drus were mixed.
Yesterday's Closing
MARKET
Chicago, Aug. 31. Grains were active and mixed today on the Board of Trade.
At the final bell, wheat was
34 unchanged to up : com
10 up oats off : new oats off to up at rye un unged to off
soybeans off to up ; and hard off 2 to 20 points.
Nearby whea! Tutures were firm and the deferred contracts stendy. There was only moder- ate quidation September by longs. Cash wheat was generally irm on small country movement. Some mill buying was reported. but the export trade continued qulet.--UPI.
Cat. Tretor Celanese Corp.
Diamond Gard
10
(A “shutdown" is not neETS- This was stated by the Minis- arily an engine failure, but is fer of Transport and Pubile a Ministerial unliyu préeputionary measure Worits following in the lalèrent of preventing an meeting presided over by the zelunl failure and/or damage to Prime Minister to look into the The engine).
prospects of the shipyards,
M. Huron drew attention Pan-Am's jets totalled 64,000 two problems facing the yards 10-month One arises from the inadequney engine hours In period with five shutdowns, of Government credits to meet that represent 13,000 hours the cost of the approved ship- between shutdowns,
building programme.
functa- The other, and more Two of the seven shutdowns mental, difficulty in caused by the required only minor adjuvi-, fact, in M. Duron's words, that ments, with no endine removal "It is not proved that orders 63t, necessary.
I placed in 1930, at the time of J3?.
the Suez crisis, will be replaced "That kind of reliability by new orders of comparable 12 record is about 20 times better Importance."
than most piston-engines," an FAA spokesman said.
OTHER FACTS
points at its high,
Consolidated_Edison Continental Os of Del, Mne Co.
43311
5514
50!
OILS LOWER
Clawn Zellerbuch Cubans Amer. Sugar
Diamanti Alkali
aircrafts were
favoured
the
Dominion Stores
Dow Chemicals
saft
Dupont de Nemours
20018
Eakleni Airline
Fastman Kodak
01:1
El Paso Natural Cha
Family Finance Corp.
the
First Nat. City Bank Ford Motor
CON
5
Georgia Pacifie
upside
General Dynamien General Electric
50%
Alcoa and Reynolds were
the aluminiums and Revere was under pressure in the cup- pers. National Load rose around
point in its group. It
Motorola xtood out electronics,
Txis downside while
whs д
on the Instrumenta Ienture, Du Poni lost Ihan two points in the chemicals,
Today's volume was 2,140,000| charts,
General Fouda
more General Motors
Gen, Pub Ul. Gen Tyre Rubber Getty "Ol
Of a total 1,152 shares traded 478 were higher and 444 lower. American Exchange volume was $20,000 shares.
Bonda volume amounted to $4.919,000,
Dow-Jones
were:
ilustrial 20 rails
15 miles
Glidden Co. Goodrich . F. Co. Goodyear Tyro Gruminjas Atrezati Cuir On
To Organ Heyden Newport Corp Bomestake Mining Co. Quemann Refrig (Rebaho. PowT
closing averages imperfet
COMMODITY PRICES
SUGAR
NEW YORK
Contact No. 4 (world)
301
5.00
LIVERPOOL
Closing prices all in pence per
ib.:
American Contract
01/Nov.
Uey Jen. Match/April
May/Ja
JayZAARE
Dec Jan.
March/April May/June July/Aug. Oct/Dec.
METALS
NEW YORK'
Sept.
Copper Sept.
064.41 1345
ingerroll-hand
0'ftarventer
25
211;
4/5
وا الاتية
Indeed, there has already been a public clash between the ship- builders and the, shipping Ines. in its annual report the ship- Builders' federition points out The FAA study of the two that the French merchont feet is nirlines revealed these other "loo small to cover the needs of facts about jet operations:
the country's maritime trans-
port," that an increase of oily in tew per cent per nun la
rancelled only two out of 684 traffic would use up world ship-
. As of July 31, Twe had Jet flights, thus completing 98.9 per cent of, scheduled miles,
building capacity,
and that in consequence the esparity, of the French shipyards is not ex-
In reply the shipping lines a communique
not
The two corriers are operating their 707's about nine cessive. hours a day, seven days week. That is not only greater have published utilisation thon for piston-saying that in view of the age engine planes but also involves of the French fleet "it twice as much dally mileage reasonable to expect the renewal of the fleet at a rate of 500,000 nown.
tons per annura corresponding to Pan-Am's six joiners the existing
shipyard made 1,273 trans-Atiantle cross-capacity."
Inland Steri Co.
Interchemical Carp
Business Machines
401
424
541
International NIKH Interanibal Paper
100
1321
ings carrying 129,051 passengers
between last October" and July
M
50
31. 1950.
Int'l Tei & Telj
John-Manville
Kansas C. Power & Light
Keriliceatt Copper
Kimberly Clark
greti Meyers Tob, Co.
1. Tulip
Litton Is.
Luckbett Alterati
Loews Incorp.
Lone Star Cement Co. Low-tein & Sean. McDermott J. Ray
Mrsabi Iron Carp
Minnesota Mining Mesion. Developbitni Monsanto Clusical Che Montuurry Ward Motumia the.
In the same period.
Frenelt
the liner Called Silecerica Extended Air Service 654 45.933 passengers across the
B1
10
14144
National W'seuls Co. National Chan Bey, "A"
$23
Newana Dairy Prod. National Lea
Nation Steel Corp.
cents New York Central
Noranda Alles Ltd. Noels & Western Ty. North Amer. Aviation Northwest Alin
Ott Elevatori Owen-Hinda Glues
Closing prices all in cents per 1b.:
Sept.
Jal Match May they July 13
have Sept.
Det Nav.
21.00
Mixed Contruct
Closing prices, all in per 16.:
Lood Sept.
11.EXT
Get/Noy.
27.05
Oct.
11.07
Zine
17.44
22.30
Olin Mathieson
Out
11.34
22.30
31.77
1.00
Oci.
31.73
21.00
Tin Sent
12.02);
KUPI.
102.50
Oct.
its
Tutal Bales: 523 puntracia. Open Interest: 3.404 contracte. Contract No. 6 (domestic)
5.97
3.53
been rising still faster. As the Spot-1.0.b. Cuba)
inventory/sales ratio NAC-
cordingly edged down
the
走る
lowest since
extreme au- normality of early 1951, in- ventories may do very well.
Total Demand
But it is almost impossible for
selling, 800. West German them to do well enough to on-
Deutschemarks, maximum sell-
ins, 724%.
Iarge total demand; they are much likelter to reduce 11. 11 is
Indian Rupees, Maximum only the acceleration or de-
Selling 824: Minimus Buying,
83 14
celeration of restocking ar
Sept. Nov. Starch Spot (Cl. N.Y. ex-duty)
Total Sales: 14 coolracia. Open interem: 1,350
Uší.
TT. 83-11/10 O.D. destocking that” affects current{ 84-1/16 & 30 days, 842 00 output: maintenance of even 口 days, 84-16/10 90 days; Bills on record rate of accumulation adds (lb. Aden I under L/C: nothing to current demand. higher. Without L/C: higher,
N.Y. SUGAR MARKET
contracts-
COTTON
NEW YORK
Closing prices all in cents per
"1
Spot
Det
March May
July Oct. Dec
There
lost was a portent quarter, when the increase in stocks, though at its fariest rate since the Korean war, deceler- ated sharply from the previous quarter.
33.25
50.40
RUBBER
NEW YORK
Rex rubber futures closing prices, all in cents per lb.:
Sent: 30.40, Nov: 20.35. Jan: 35.35; 51 34.69 My: 34.20-25; July: 33.855 Sept: 330
SINGAPORE · Closing prices all in Straito cents per, Lo... Malnyan ports:
No. 1 Sept.
Ort.
No. 2 Sept.
No. 3 Sept.
No. Sept.
Spot rubber unbaled
Alnaket crept
No. palo crepe ...
LONDON
Oxford Paner Co. Pucide Gay & Elec. Pat American Airways Paramount Pictures Parke Davis Cu Penny J. C. Co.
Closing prices, all in sterilng Pen Salt
Flip Morris
Pitney Bowes
ncler & Gamble Cu. Bun Pinte Glaz
THIS Publik
per long ten,
Buyers Bell
Tim spot
112
3-month
722
Cropper spot
Lead 2nd half Aug.
Nov.
Zime 2nd halt Aug. Nov.
07 05
UPI.
3-marathi.
FOREIGN
Jure 0:1
Industrien
Redio Cupmation Red Carp, Pret. Raythran
Republie Steel"
Beyunkin Metal
EXCHANGE 10015-10014
1041-2005
1034-200
10-100
103-103% unqubted
unquoted
115-117
LONDON Closing pricas all in pence per
Ib.: NEW ORLEANS Closing prices all in cents per No. 1 u spot lb.
NEW YORK Closing rules: Canada England
cflcint unaniciel
30-days [13+£125 3116-3115 Antinia
Settlement house terra: Oct/Dec.
New Zealand
30%-30% Fouth Africa
31.19
Jan/March
2946-208%
April/June
2016-201
Beirum
Others uelianged,
July/Aug.
2015-2031
Ocl/Dec,
2716-2014
New York, Aug. 31. World No. 4 sugar futures Despite the bloat of steel- closed today unchanged to 5 strike hedging, the positive in- points higher with sales of 523 Autence of inventories actually extracts,
declined. If the strike lasin, they Domestic No. 6 sugar futures could become a negativa one, closed unchanged to I point and go negative again after the higher with sales of 14 con- spasm of post-strike restocking. Absolutely, inventories have Firmness in world contract re-scope to rise much further; but feeted the firmer raw situation) It is the change in the rate of plus concern over the For East- "investment in stocks" not in em political situation with mont] the Blocka themselves, that attention focussed on India and affects current business-China designated spot markete: 31.83 No. 3 rubber
Mali Special. L400.UPI.
gents. Total sales: 30,145 baler.
tracts.
General markets, e.t.t. basis, ports: Бель
301-301 Oct.
3016-00 Estate crepe Win Sept... 341
thick Sept. ... 335 AMSTERDAM Closing prices all in guliders per kiloirum, el.f. Bept.
Spot
Oct
Dec.
Morch
May
July
Oct. Dec.
BAO PAULO
Def. Dec.
unquoted
March May
Average price in US.
At 14
No. 1 rubl No. 2 ruliber
No. 1 cropo
*
LONDON
Cloning rates:
New York
Montreal Amsterdam
Brun
Copenhagens Frankfurt Tarl 300 nellars Stockholm 290 buyers Milan
290 buyers Virišta
3.30 ellers
Zurich
1.45-1/16
2.hoon 200-202
2.6007
2 But
7,2450
1,700
2,0100
0200-3/18
307 146-3.67 3/10
10,0072-10.41
140.20-140.23
19.334-19.3532
15.755-19.791
1741-141 72.37-78.40 18.11-42
- UPI.
Royal Bank of Canada All O Co
Gateway Store
Rein Reg. Paper
Schenley Ine.
Sinclair 011......
Com
Smith, Cline & Trench Secony Mobil On ..... Southern Railway (Com.) Standard Brands Standard Oil of Cal. Standard Olt of Ind. Standard Oil of NJ, Steep Rock. Sterling Drug Co. Stokely-Van Camp. Blane Webster
Studebaker-Packard Corp. Sunshine Mining Swift & Co, Текля Со
Textron Inc.
Tiloka! Chern, Union Carbine Union Ott af Cal. Unlim Paclite
United Alreeway
U., Fall "E"
US. Gypsum U.. Line Co. U.S. Rubber
US, Smelting
U.3. Steel
1.3. Steel 7 Warner Bros. ..... Waukedia Malden .... Westinghe Air Brake Westinghouse Electio West Vap & Paper Winn-Dixie fitores Woolworths UK. W.) Zenith Radio
Atlantic.
In just the first week in
July, Pan-Am's 707's carried more passengers than the iine
carried in the first three years (1939-1941) of is trans- Allanile operations.
Recommended
Washington, Aug. 31. CIVIL Aeronautics Board oxaminer today recom-
the mended approval of the An FAA engineer sald "almost fantastic" reliability re-application of British West cord of the jet enging in due (Indlos Airways, to extend its mainly to their simplicity. They
have many times fewer parts air service to New York City He also and across the North Atlan- 245 than a pistol engine.
noted that in compiling 112,300 tic to London, 954 hours of jet engine operation,
neither airline reported a single case of engine ire-UPI.
Sale Of Union
Castle Liner
The decision must stiti be and the Board approved by Fresident Eisenhower before It can go into effect.
The
is
a
airline, which wholly-owned subsidiary of the British Overscos Airways Corp., haa routes in the British West
Latin Indies and parts of America,
It requested eir rights be-
A contract for the sale of the tween the Barbados and New Union Castle liner Bloom-York City, thence to London with alternathig stops at fontain Castle
(18,400 Shannon, Ireland, Iceland, the tons) has been signed Azores: Bermuda, Jumalca,
with Grook interests.
10
347
53
Zion or
Thu contract wes in the re
£1,500,000, a Union
424 Castle spokesman said
In recent weeks negotiations
Gander and Montreal,-UPI.
SAS Refused
for the sale of the lines ave Permission
0514
72been conducted between
thei
32
company and the
ol
Chundris (England) ended by
Bitho
multi-millionaire London
Greek shipowner,
47
12!
21 dris.
12 TOO SLOW
2014
4711
The
Oslo, Aug. 31.
Jolin ChatHE Soviet Union has ro-
fused
permission for
Scandinavian Airlines System
(SAS) to operate a route ovär
Bloemfontein Castio, Soviet territory to countries originally bulit with emigrant in south Asia, it was an- 41% tralle in mind from Dritain and nounced tonight.
11
Europe to South Africa, is being
4 cold because she lo too slow for
the
63!!
251
The announcement said that company's weekly mail in a week of talls in Moscow service to South Africa and her which ended today the Bovlet accommodation is not up
to authorities said the refusal was 62 present Union Castle passenger due to reasons of a temporary
standards.
JÖNS
(nature)
It WAR
agreed
takon Up
that the
The ship is due to be de. 41vered to her new owners on question of re-opening talks
her arrival back in Britain on should.... be
loter
40 November 9. She was expected through diplomatic channels.
to be uned by them for emigrant SAS already operates services traffic between Greece and Aus- from Scandinavia to Moscow- tralla,China Mail Special. Reuter,
-UPL