Page
THE CHINA MAIL, TUESDAY, SEPTEMBER 29, 1959.
BRITISH EQUITY RETURNS
LONDON
Best Yielding
With Most
HESITANT
OVER ELECTION
Rights Issues
HONGKONG STOCK
EXCHANGE
¿Qur: Own Correspondent
Busintis done of the Hong-
Noon quotations and
Buyers Belleza Sales
London, Sept. 27. If London
the has relatively
best- yielding equities it also has ralatively hong Stock Exchange this morn
ing amounted to approximately the largest share of now aquity s030,000. issues by way of rights, and they are the morning's transacilocis: probably the bost way to accumulate li ank an investment portfolio and the best on chance of catching the missed busPPING increasing
of the equity boom, so far as it has okick 640 got.
London, Sept. 28. Public opinion polls Indica- tion that the Conserva- tive Party's clection lead; over Labour has narrow. ed, caused hesitancy amongst Stock Exchange investors and encouraged more of them! To tuke profeɛlive action! in the event of a Labour Party victory.
An increase in this hedging perockin ezt a very unsettled day in stock markets today.
Steel shiura were among the chief sufferers, Labost, has pen. mised to re-nathamlise the steel Industry if returned to power.
Property
Property
0:0 shares
came unter pressure. The newer eom-
Con- panies det sort ground. Adence over the peculative roperty shares has
value of wanked
Engineering bares fell, mantur. Pasad und glectrical equit ments fost ground,
It is a paradox that London should have the lion's share of them: they ought to be thickest in those centres (which certainly
ot include Tondon) wher Ale the city yields have fallen furthest below bond yields, and
omnde the companies most melted (or lenst averse)
financing instead Pequity debt Onancing,
to
But the paradux exists. In Germany, where equities are acute scarcity values, yielding half as much as bonds. about Bedtsche Anilla's one-for-seven to bring 230 rights tsour.
illfon marks about £20 all- lon), is an epoch-making re- cord, requiring all sorts of ballyhoo and special arrange- montas, although, with the way in equities, It is probable that the market could easily absorb several dozen on such issues.
Missed
Rubber
Market
Review
BANKS
INSURANCES
30 9:0
Lombard 40100
Waterboat 29,10
K. Wharf Provident
4144
045
19 003
7400
"
N.Y. Improves:
Page
Possible Break New Commercial In Steel Strike
New York, Sept. 28. Stocks improved today on President Eisenhower's proposal to meet with representatives of both sides of the steel wage dispute on Wednesday.
Mosl sections of the list, Bank of Nova Scotia favoured the upside as news of
a possible early break in the 76-day old deadlock sent gains in stre issues running to three
5 points or better.
4000 14
900
043
040
197 13.00
100 14
100 s
107
200
14
33.18
Talkoo * 33% 30.13 LAND, ETC.
Hotel 2020 20.40
.11K 1 and
Humphreys 17.40 1700
Rently..... 1,035 160 RUBBER
Arale... 3.45 320 2000
A.
C. Light 17.63 1540
ד
wi
Steela, slow in responding to the turn in the strike picture, firmed on bilence in the fr hour.
General Tyre stood out in its group with a pain of four and Goodyear with a rise of more 34.70
than three, IBM rose more than 34.73 (423) live in the Electronics, Texts Instruments more than 4 and Ampex more than two,
4.20
40000
1000 4/
3.00 $10
Sungala UTILITIES
Trem
Star Ferry
Youmpli
29.30 20 25 133 110 120
100 F
30
L
190 18.10
2000
10
100
10.10
300
24
100023.13
500
33.36
10.70
·
Singapore, Sept. 28. Electric 23.00 The market opened slightly
Маста Б. 10.00 bigher and steadied Telephone 290 29 AD further on a quiet market inDUSTRIALS
30 2700 un the announcement of C5' STOREA, ETC," Indoneala's
estate Dary
180 1800
1000 state bureau that would Watson... 1920 be exporting in future Taw. 23.49 direct to overseas con sumers.
Dew
Lower sheet interest was on the small side with sellers
....
2
3000
American Motors siipped more than a poln, while Ford and Studebakäer-Packard were up one or more and Chrysler and GM firmed.
Today's volume was 2,040,000 shares.
Of a total of 1,157 stocks 18.70 rodod, 651 were higher and 340
lower.
Deech Life Savert Bell Telephone
Denekiel Finance
Bendix Aviation Cary.
Benguet Cons
Bethlehem Etrel
Boeing Airplane
Barden (The) Ca
Dutrougha Add Machine Brituh Amor. Oli British Columbia Pwr, Calif. Packing Corp. Cena. Bk. of Comm. Cana, Brewers
74
40
24
70
3134
Cambbell Soup Co. Canadian Pacile .
4731
Enlanese Corp
Case (3) Co. Cat Tractor
C. T. Financial Corp. Chase Manhat. Bank Chrysler Molom Cluan Peabody Colgate-Palmolive Co. Calonsblar Corben Co.
Commercial Credit Consolated Dison Consolidatest Poperi Continental Off of Del. Crane Co
Crown Zellerbach
Cuban Amer. Sugar Diamond Alkali Tremend Gard Distillers-Seagrama Dominion Stores Douglas Aircraft Dow Chemical Dupont de Nemours Eastern Air Line Eastman Kodak
Paso Natural Gas
American Exchange, volume Family Finance Curp COTTONS Textiles..
710 1500 110 was 810,000 shares. Fanyang 41 70 12 INVESTMENTS
Borgls volume 50,010,000,
Ict.
Allied...
Gitt-edged has a poor day and closed up to 3, Juwer, Forvign bouds were quiet and irregular. Dollor stocks were irregular but hardened in some phews, gyben ég the prelun jumped open the U.S.. where prices reserved. The market advanced ve rent to 21 percent.
I have been driven fully twice as l the afternoon with little high as in London, the absence business reported with main Small selling In the absence of of an A. T. & T. convertible Interest in October One Jabamiebung support resulted in issue this year is sadly missed: with November One Rss passing
golti it makes a real hole in the new a general lowering of
of tax-cent discount, Los es extend-supply of equities. mming shares, ed to over two shillings. Co pers eased,
In London, nearly a hundred Olls last ground and rubbers;ghts issues and new issues are running at the moment, all free were dull.CPL
of the two per cent stamp duty and neurring the smaller brokerage in their ill-paid cr partly-paid Jorm,
Closing Prices
Giltedged Bunde Batth Transport 7. 1/3.
Comoda 22 - - £5!
Ras
Agreed. Merchant Rates Swiss Francs, Maximum Schl- 74-15/10; West German ing Deutschemarks, Maximum Sell-
Now York, rex rubberg 72. futures today closed 37 to 75 points higher with sales of 37
contracts.
Final evening-up in the spot September delivery and dealer buying in December dominated en otherwise quiet market, They are often skip, just because they are almost the
things that. rolleve the ameual scarcity or famine of equities, 1958 Temporarily, they often lead to
an excess of supply over de Frida Steck Our 1099e714--
In mand—a great rarity the present cult for equities.
Chanzola 4
Conversion
& 724- 1. wit
$2
Punches Loan £1.3/10.
H only
10/1
Funding Loan 15.
£
Savinga 3.
Savings T
1900, 70-£80-13/10.
.
Having 3
1975/65 --- 2000
THIS, 75-75-0/10.
Banka
Butelay's Bank "A" Ltd ord-Sem
Chartered Banask-Ath
Hongkong-COL
Sasurance
Union Insurance Canton-£5
Concentrated
It occurs because their im- pact is concentrated: a particular
of
Brakutz reported a moderate rubber shipment offered from the East but at prices too high to interest local buyers. Reported offerings - chided one sheets at 354 cents. three sheets at 34 cents; four sheets at 341⁄2 and five sheets ot 34 cents Indonesia and Thai- land were offering the rubber. Spot No. 1 les was quoted at 41 cents.
In London, the rubber mar- was stendy with spot quoted
body of shareholders has to puket up relatively large sum of money fairly promptly. Typical- 34 cents--UPI. ly, a holder of. £5,000 worth Airetail and Notary
have to find Brith Melor
of stock may Corp.
between £1,000 and £2,000 of new money to keep up his pro- portionate stake in the comphay.
7.
Ford Motor Co~74:
Breweries
Distillers Co- d
Building and Material
Ord-10%
Asnerated Fortuna Cet at-2s.
Pinenja Johnson Asaugluten Uro-money, and American holders
244 11,0.
Coat Steel and Engineering Babcock Witex L1-10 d. Vickers Lid 4.
Food And Tobacco Brill Anigrican Tod. Ca... Lid -578.
peal Tubarco Co., Ltd-50).
Miscellaneou Boardman Marlen ---28 1 British
Ltd. Ords 71.
Canadian Pacific Rly--IV. Dunlop Rubber Co.-23s Oc. Hongkong & China Gan-1. Imperial Cheaton)-418.
yons & Co-15= G. Unilever Lid-10 d.
Emper Bowater Paper”
d
Corp Ord-335
Itudio and Electrical
Associated Electrical-30x J.
Electrical & Musical-18 0.
Engl Electric Co-423.
General Electrio 9.
Shipping
und 304 34.
Some of them cannot do It: trust funds may not have the
may be frozen out by the SEC's red tape. Other holders my not want to put so many more eges in the one basket.
So there has to be a churning
to get the rights sub- around, scribed by a wider circle. In the process they often provide buying opportunifles, usually at some stage shortly after the start of dealings and again around the Occasionally various call dates,
a very fashionable rights Issue goes like hot cakes from the score a neat
start.
advance.
and may
Slaughtered
It is more
common,
even
Indo-China Steam Nav. Co, del nowadays, for them to be more
PL Steam Navigation de ord -37 10td.
Stores
Great Universal Stores "A"-425, Marks & Spencer Lid-com TỤα.
& Co-105,
Woolworth Textiles
Costa J. & P.LIG-260 30. Courtaulds Ltd--30 sal
Mutes
Al
Yesterday's Closing
YELIGHTS
Firestone Tyre & Rubber Fiat Nat. Cily Dank Ford Motor
Gatineau Power Georgia Pactfie
General Dynamica
averages General Electric
Closing Prices
Abitibi Pwas & Paper Alden Ine. Key. Algoma Steel Corp. Ailled Chemicals
Albed Mills Ine.
All Chatmers
Am Home Prod.
General Foods
General Mutors
Getty bil
Müdden C
Guff Oll
201
8710
49
40% DEEP
0134
37
21
150
105%
amounted
6000
4.00
Good tr 4.63
Dow-Jonce closing
were:
20
30 industrials
$30.37
Gen. Pub. BIR
154.37
Gen. Tyre & Rubber
s stocks
utilities
07 20
210.79
424
body
B1.By
Goodrich B. F. Co.
Coinin. future price index
148.21
Goodyear Tyro
Grumman Aircraft
Horned Organ
Heyden Newport Corp.
Hiram Walker
...
Itotneslake Mining Co.
€30
Hessian Refrig.
1944
37
Idaho Power
37
Imperial
1J3
Importa Tebacea
Ingersoll-Rand
361
4312
Inland Steel Co.
EZ
Am. Brake Shoe
15072
Interchemical Corp.
387
Amerten Airtino
2014
Int Business Machines
American Cable & Radio Corp.
Int'l Harvester
American Cyanand Co.
50%
Intemational Nickel
Ainer, & Form. Power
ID
Internations! Paper
Am. Go & Electric
40%
Int'l Tel & Tel
Jotun Manville Co,
00
Kairer 1iatries
30
Kansus. Power & Light
5722%
Kennetutt Copper
Kimberly Claix
30
Liggett & Myers Tub. Co.
7012
| Lity. Tulizi
Pan Ind.
17092
Amecheta Copper
1501
Lockheed Aircraft
Amko Seri
ガラ
Arcour
31
Lone Star Cement Co.
Asbestos Corp.
Lowenstein & Sons
Alle Com, Mining Baldw-Lim-m Baltimore & Ohto Bank of Montreal
.101
MeDermott J. Ray
14
MeDonnell Aircraft
47
Mesabi Iron Corp.
Bab
Minnesota Mining
14912
Misc Development
AL
Mancanto Chemical Co.
B01
Montgomery Ward
Motorola Inc.
103
Neuma! Blacuit Co.
6112
Nations Cash Reg. "A"
National Dairy Prod.
41
National Leod......
11512
National Steel Corp.
0312
New York Central'
2
Noranda Mines Ltd.
471
Norfolk & Western Ry.
913
North Amer. Aviation
342
Northwest Airities (Com.)
3316
Olin
401%
Otia Elev
12
"I can remember when there was nothing here but hotels and boarding houses!!
London Express Série
Am. Mach. de Y'day
American Metal Am. Natural Gas
American Smelting
Am. Sugar_Ref.
American Tel. & Tel.
American Teb.
COMMODITY PRICES
SUGAR COTTON
NEW YORK
Closing prices all in cents per
NEW YORK
Closing prices all in cents per lb.:
Spot: 32.00; Oct: 32.47: Dee: 32.27: March 1.00 May: 22.09: July: 21.00. Vol: 3.35; tire: 30.55.
NEW ORLEANS
Cising prices all in cents per 1b..
Spot: 31.33;
No, 1 Oct.
Nov
No. 2 Oct.
No. 3 Det
No. 4 Det.
Spot rubber unbaled""
Blanket crepe
No. 1 pale crepe
LONDON
Loews Incorp.
10144-10132 | Owen-Illinois Glam
10096-1001
0034-201
Oxford Paper Co. Pacific Gas & Flee Pan American Airways Prremount Pictures
Co
10319-1015 Fark J. C. Co. 081-1009
Penny
11331-11835 Penn. Sau Co
Closing prices all in bence per
Tulip Morris
Piney Bowes
Fracter & Unmble Co. Pittsburgh Plate Gloss
allexer Industries Pure Gil
Tadis Corp. Pret
Heynolds Metal
2-281 Royal Bank of Canada 271%-2732
Contract No. 4 (world)
lb.:
No. 1 Fins spot"
34-3434
Radio Corporation
3.
March
203
Bettlement house teens:
3.09
Ort/Dec.
2014-2016
332
Jan/Marchi
23%-20%
Blesi
Any
April/June
July
3.10
Sept.
Oct.
3.18
Oct: 2.4 Dec 3.18 22.20: Marchi 32.76ay: 3
July: 35.20; Det: 30.34: Dec: 30.33..
July/Sept.
Oct/Dec.
27-2714
Seira Roebuck & Co. Shell Of Co.
Spot-tob. Cuba
2.30
Safeway Stores
SAO PAULO
Schenley Ine,
All unavailable:
(Closing
prices all in cruzeiro
per kilo).
ALON
LIVERPOOL
Closing prices all in pence
Total Sales: 329. contracts,
Opt interest: 7.112 contracts.
Contract No. 0 (domestic)
some
Now, March
9px-ICIT, N.X. ex«luty}
Te Sales: five contracts. Орел
or less slaughtered at
Of two otherwise com- stage. parable stocks, stock A without May a rights Issuu may well have advanced a further 20 per cent since the announcement of an upÍ, isque by stock B which, after allowing for the value of the have fallen 10 Relatively, stock B per cent.
Views 30 per con the
Anglo-American Corp of South rights, may
Africa-1985 Ud.
Cons Goldhelds of South Africa
Con, Zine Corp Ord--4,
De Bear lef-170s 71,d.
Free State Developement & invest-
mont-IN.
Hongkong Tin-s@ 73jd.
Fetails Tin-C# 461.
Hand-03 od,
cheaper.
It is little surprising that foreigners, particularly
as they
0.03
American Contrwei
PST 1b.: Interest: 1017 contracts—|| Det/Nov/
METALS
centa
Closing
NEW YORK
prices, all in
11.31
so dislike the two per cent atning per 1b.:
Southern Kinta Cons Lid-21 90. duty, me so slow to Lake ad-
Union Corp-iodinining-vantage of these opportunities.
West
1132 Dd.
West Rand Co2 35.
British Dernzo Petroleum Synd
cale-17 4350.
Hrid Petroleum Co., Ltd-al. Burah-431 3.
Royal Dutch Petroleum-£147, Shell Transport & Trading~2416 bd, -Houter.
It is also angrising that at a time when people are paying good money or call options, particularly in steels and part- cularly over the expected period of the election; there are still Buch anomalles as South Durham's partly convertible loan
Lead Sept.
Deu Zine Sept.
Des Copper Sept.
Dec.
TAT
Sept
Dra
LONDON
30.03
101.373
Dec/Jia March/April
May/June
GL/NOV.
Mixed Contract
Oct/Nov Dec/Jan. March/April May/June July/Aug Oct/Nov.
RUBBER
NEW YORK
EN RAK;
06885 88589
Rex rubber futures closing.
Closing prices, all in sterling prices, all in cents per lb.:
Exchange Rates sick offering at option over per long ton,
Business was done in the local unmetal exchange
market
Tin spot
that period; and far beyond it at the holder's desiro, at what this amounts to a considerable dis-month
count off the present price of the Copper spoi 15.90 shares. No doubt, as in so many | Lend and half 11.54 investment matters, it all de-.
morning, at the following retes:---
1. Anilers (per $1)
Blotting tes iper (21) Australian' notes, (per £1
Indonesian suplah (per 109) ... Blam Beals (ber, 109) Bingapore (Straits)
4.70
9.00 pends on fastlon, China Mall Blue ad kaalt
Special,
Gepl.
Nov.
Jan.
Buyers Sekers
Barch
10236
May
July
Bepi.
General markets, c.l.f. basis, porta: Oct.
281-9 231-29 Nov.
權
Estate crepa thin Oct thick Oct. AMSTERDAM
.. 3431
Closing prices all in guilders
per kilogram, elf, Sept.:
Unavailable. -URI.
FOREIGN EXCHANGE
NEW YORK- Closing rates:
Canada
England ocial
H
20-days
00-day
Australia
New Zoolandi South Africa Bwitzerland India Pakistan
LONDON
Closing rates:
45.00
New York Montreal
3140.
33.77
SINGAPORE Closing prices · all'in
lb f.o,b.
cents
Amsterdam
Bruede Copenha Frankfur 33.20 Ozio
PETİK
tockholm Straits Mil Malayan Vine Zurich
Saint fier. Peper
Scott Paper
Sinclair
Sa Mob!! Oil
Cling & Trenchi
Bolar Aircraft
South Puerto Rich-Bugar Southern Co. (The) ... Bouthern Natural Gas Southem
(Coin.). tairway
Standard Brand Standard Oil of Cal. Standard Oil of Ind. Standard Oil of N.J. Steel Co. of Canada Steep lock
Bterling Drug Co
Webster
Swift &
TERE CA
Toloko) Cher.
1.05_17/32 | 3de Water Oi!
Time Inc
Jet Services
Over Arctic Route
A NEW chapter will open in the history of Arctic
aviation when Pan American World Airways establishes a commercial jęt service over the Arctic Route in November.
Use of the Frobisher Bay re- ! Aircraft belonging to the fuelling stop is scheduled for Scandinavian Airways System late in the month and the Jetve a device called The selective colling. Clipper service will increase the "Selcal" for puce of inter-continental flying | The Anchorage Af@Ways--Opera- with on "Arelie crossing" of lions can warn pilots of this some 11 hours between Sanne by pushing a button which Francisco and London.
flashes a light in the alreraft. On August 20, a silver, blue- trimmed Boeing 707 jel whizzed into
American Japan as Pon Airways set up a record for the Pacific
night crossing with a time of 7 hours and 34 minutes time from Anchorage, Alaska, to Tokyo.
The fustest previous flight time over this route was hours and 5'minutes, set up by DC7C I Northwest Airlines passenger aircraft in 1957.
TEST RUN
The polar pilots have defnite airways to follow within Alaska, but there is no defined route all the way. Pilots from Paris
may approach Alaska consider- ably south, of Fairbanks, Scan- dinavian pliots sometimes fly much nearer to the North Pale and
come down Into Alaskeu from almost due north, Betties or Fort Yukon.
over
Prevailing winds determine the choice of rule, us they do In fylg along the Aleutian Island Chain between Alaska American and Japan.
The recent Pan fight was a test run over the Great Circle-San Francisco to Tokyo route. Regular runs are
SIX AT A TIME
to be established in November Sometimes, the Anchorage on a five-day a week schedule. | Overseas Operalers have six of The air route connecting San these polar roule aircraft in the Francisco with London Jalna | air at a time, with pilots of four other inter-continental airlines or
hallonalities com-
more
using the Arctic route ploncered munleating. But there is po by the Scandinavian Airways difficulty about understanding System early in 1957. These as all the pilots Be the Engilsh Arette Alights stress the air-ngo į language. conerpt that "the Arctic Ocean is the Mediterranean of the twentieth-century world."
In a proper look at the world as a sphere, it is seen that the
lines shortest
connecting the great cities of the world full within the Arctic Circle. Aerial pathẞnders, including Balchen, Byrd, Wilkins and others, had! leng recommended this roule ns the logical one for travel be- tween the Northern Hemis- phere's concentrations of popu- İntion.
For example, some 8,400 miles separate Europe from the Far East on this short-cut i route. Now called here the centre of the world" skyway, It is used by Air France, the Scandinavian Airways System, 201
Dulch Airlines, 17 and Royal
K.L.M. Japanese Air Lines and Northwest Orient now use the Great Circle Route linking the Pacific Coast with the For Enst.
5024
airlines Of the polar route which stop at Anchorage, only two, the Scandia, vian Airway's System and Air Fronec, have passenger traffic privileges. All will
An- use the facilities at charage international airport for re-fuelling purposes,
fre
At present the runway in use here by prop-driven pircraft Is 8,400 feet long, but plans being made to lengthen it to 10,000 feet to serve the com- reached mercial jet age which Alaska with the Pan American touchdown in August.
The next fets to roar over the North Polar route are planted for March 1900, when the Royal Dutch Airlines will put Douglas on their DC-8's into service Amsterdam -"Anchorage- Tokyo-Biak ru
It is reported here that the Scandinavian Airways
"C-8's on
Pan American's big Boeing also will introduce
flights nr: of 19 polar 707 jet aircraft is capable
carrying 180 pasengers and a Chinn Mall Special. 60% pay-lond of 42,000 pounds. The
world's biggest passenger jet
aircraft at present in service, it has gross weight of some 300,000 pounds. It is also the
fastest machine in the air, with
Taipei Orders
a cruising speed of up to 605 Merchant Ships
miles per hour, It will show o
considerable saving on the
night time of prop-jet aireraft on the router
INAUGURATION
Systern
year-
Triceto, Sept. 28.
OUR morchant" "vquèlg
Fwith a total tonnage of
18,200 tons are to be built
The Inauguration of a com- by Italy for the Nationalist mercial North Polar air service
in
1957 came only 20 years government in Formosa it after the aviation milestone set was disclosed here today by up by two of the Arctic's Mr Carlo Glocomolli, Direc 305 "arents"-George
417
10
36
Hubert
Wilkins and Carl Ben Elcison of the Felszegy Shipyard
at Muggia near Trieste.
men flew a In 1920, the two
Bir Giacomell has just re- small craft from Point Barrow In Alaska to Doodman's Island, turned from a visit to Taipel Spitsbergen, to link America and
with an allen trade mission. Europe across the Arctic.
The Chinese enter provides tor With sketchy wireless equip❘ the censtruction it Muggia of ment their journey took twenty
four vessels, two of 3,000 tons and a half hours of almost and two of 5,500 tons.
flying and "blindfold" described as a brilliant feat of navitation.
WAY
Mr Glacomell said the con struction of these vessels. is special Today,
programme compues, part of a Chinese flight JEE electronle ulda and
which will be completed in formation are routine on the from two to three years time. for Aretic routo as on all other air
This programme provides routes. The "over-the-Pole" the construction often ships, flights are described as a "won cargoes and mixed vessels derfully smooth" operation by AFP. dfit ; the air traflé controllers and 17 other members of the Federal Aviation Agency in Alaska who serve them,
5F From Cold Bay on the
Aleulian Chain, up across the
Ja! Buy Four
toyof the world to the Jet Airliners
northern tip of Greenland, radio } 2009 va
contact with the Federal Avia.
Budebaker Parkurd Corp.
Sunshine Mining
1.9030
se
301042
{Tradero Finance
2.85
{TYJ-Coo!, Warranle
Twentieth Century Fox Film
21
pll the aircraft which link the
1.1930
| Unlok · Carbicho hakun
150
Continents inflight
BOTO
Union ni ye Cal,
312
Union Packão Railway
2100
3100
3.30 5/16-4.30 1/16
10.8631-30.08%
1703%
Tried Airerat
United Fruit ... United Gas Corp. UG. Foll "D" 119. Gypsum UB. Line Co. 18. Tubber
13. Stal
ing
U.S. Bleed PC. PT * | Warine, OR.”
||Waokeijia: Sita kore
Wyme Air Zirako Wes, achowe Electrię: Wertem Union Tel. Co Wert Vs Poln & Paper Wuelworth (KR)
Fádio
tion Agency is just routine, for,
AUTOES
Washington, Sept. 28. Nagement to finance
A the sale of four Douglas
Alisal Sometimes, speakers of aircraft DC-1 let airliners to
the Agency and their
voices
on to Tokyo 3,000 miles from Japan Ale Lings was signed:
68 here. Or they may listen to at a formal caromony' hera
091%
pilota taiking to their home faday,
ports in Europe several 'thou-
2015 sand miles away.
The ceremony took place at 1031 While in fight, 'the pilots re-the US Export-Import Bank. part to around stations which Unky the terms of the igreg are within range, every; half,{rpeist, Japan Air Lines" would 2 hour. On the hour, they report miške a cash pillanent or #1,000,
the aircraft's position not as 000 Douglas would beling over a town or village as $5,700,000 and the Expert in decisely populated countrita Import" Dank" would "czery #17,
total purchas 23-bath geographical terms 200,000 of tile
over the Ardlke warfaș. -
price-Reuter.
Carry