New York
improve
An
New York, Sept. 20,
oven flow of afternoon buying gave stocks a moderate lift on reduced turn- over today.
Popular market indicators extended their noon hour gains throughout the late trading but the religious holiday, which reduced attend- ance on the street, served to keep trading volume below that of yesterday.
1 k
Ps Nakul Gan Planly Finance Curp Ferro Corp.
considered the up- Eastern Air Line ward move to be hergely tech-man Kodak eat in character, but some also took the Anal agreement on tutional entruel by General Meters and the United Aue Workers as a bullish factor.
General Mutors were up
to the news, gotia
point ner of
K
LA the bha elips:
Fest Prie & Rubber Find Nai. Chy Thank
Motor
General Dynamies
eneral Electric
in tienert Foods Other Moters Cien Pub. Uth. morten. Tel & Elec. wers | Gun Tyar
American Telepune, Allied O... Chendral. Chrysler, and West-Cute Ca
inghouse, the Jast reflecting a
it to recover $31
allegedly unpaid work fees from The Tetinvaser Valley Authority.
Today's volumus was 2,780,- OUD END.
Dr a total 1,335 shares Trade ed, 804 wire higher and 386 lower.
Rubber
Goth. F Co. Tiedyear Tyre
Cheat Northern Railway Carmen Aircraft that bil
and Organ
Heyden Newport Corp
| Modrestake Mtning Co.
foxman Retrin.
Idaho Tower
Ipertal O!!
Tobacco
geroll-Rand
Jnd Steed Co.
Intracliemical Corp.
American Exchange volume Business Machines
was 870,000 shares
In), Harvestar
trirational Nickel
Bonds voltamme amounted to Internationa! Paper $1,000 900.
Dow-Junes Closing Averages
were:
30 Industrial
20
Hails
15
Utilities
83 Stocks
Join Manville Ca.
THE CHINA MAIL, THURSDAY, SEPTEMBER 21, 1961,
stocks
COMMODITY PRICES
LONDON
Closing prices, alt in sterling
FORLIGN per long ton! EXCHANGE
Closing rates;
canada England official New Zealand
Australlo
M-days
24
HONGKONG
STOCK EXCHANGE
Our Own Correspondent
this
Business done on the Bong-
Stock kong
Exchange Aroming counted to approxi- mately $830,000. Noon quota- liony and the morning's transac- Hora:
Tin
Spest
Buyers Alters
0138
3
the UKDY
Capit
Spod
201
3-1
2301
NEW YORK
Lead
Sput
037
3-month
03 1/10
Zinc
Lon. Heg
Sharei Buyers Sellern Kairi JK Ba.. 330 130 300 334 279 SAU
2.0130
2.7845
2.2510
Spot 3-12
74
741
Ailled Invi
7486
K&FE. Invest.
---UPT.
Rights..
G40
Wheelock
11 11.20
3000 11.18
437 10.9
1000 27 10.00
HK Dock
Talkoo Bock
100 170
GU
Provident lik Botel IK Land
X..
201
50 GO1
400 0 100 0015
HK Realty
Others unchanged.
LONDON
2004
Closing rates:
New York
281-2.8127;
GANG
Montrent
43%
Aintercaru
4017
Tirussels
Copenhagen
Frankfurt
201
Lisbon
7311
0311
Porin
Stockhaln Malay
2016
Zurich
40
COTTON
2.891-2,00
31.33-10.17
1300246-140.0215
10.37-19.37 11.244-1154 10.22-00.32
20.02-20.02% 13.31-18831 14.23-14.59% 174545-1740 12.137-12.14.
--UNI.
SUGAR
NEW YORK
Closing prices, all in cents per 16.:
Contract No. 8 [world)
Out: 260 Mar: 273; May: 2.70; July: 2.70: Sejr: 2.70; Del: 284; Spot -Wortil Average): 251.
Open Interest: (51 contracts,
Contract No. 7 (damcstle)
Sept: 0.01; Nov: 0.14; Mar: 17: May: 6.20 July: 0.20; Spot-Hulk. 25% duty paid): : 403.
Totál Salis: 83 contract.
NEW YORK
Closing prices all in cents per 16.:
Spot: 25.40 nom; Os: 34.30: Dee 33.18 Mar 36.78; May: 0.23: July: 26.22;
35. OUT: 23.30. Dec. 35.36; Mar NEW ORLEANS
Closing prices all in cents per ib.:
Spot: 11.15; Oct: 34 00: Dee: 13.40: Mar: 30.01; May: 50.47; July: 20.32; Out: 35.40: Dec: 48; Mar: 35.73.
LIVERPOOL
Closing prices all in penen per
1b.:
American Contract Oct; 24.30: Dee: N.10; Mor: 25.15; May 15.00 July! 15.74; Oct: 23.60 Dec: 25.00.
Mixed Controal Oct: 24.60 Dec; 23.03; Mar: 25.45: May 25.002 July: 28.15; Det: 26; Dec 24-UPI.
361%
540
6316
in Tel & Tel
Industries
Perwer & Tight Keanecott Copper ...... 707.32 Kimberly Clark
Liggest & Myers Tob. 143.23
Lily Tulip
49374
131,05 en Ind.
1511
237.11
13.42 Star Cement Co.
Lockheed Aircraft Loews incor. ....
497
2122
Llard 17.
117.07 Metermett J. Tay
-40) Bonds
Corn, Future Price
Index
Closing prices
Abitibi Pwr. & Paper
Alden Ing. May. Aljosna Steel Corp.
Allied Chemicƒdə
Allied Mill Inc.
Allis Chalmers
McDonnell Aberaft
Merek
Minneala Mining
Mission Developement
Donatu Cheifical Co.
Montecatin
Montgomery Ward
461% Motonda Inc.
Biscuit Cu
Nat Cass Reg. "A"
Total Suic: six contracts.
Interest: 1,870 cernets.
METALS
NEW YORK
RUBBER
LONDON
(OND
[New].... 0.2011
TK .. K.M.D.
200 1.20
203101 201
2.10 2.125 12850 6 2,125
5000 br 3.10 2000123
30# 70
100 i 7015 1350 70
60 60%
1008014
39 0914
80 er 110
200107
20 601
Yrumoti
100 too
100 101
1000 107
Ch. Light
33% 34%
190
HK Flee. Telephone TOND
34% 33
306,
3814
LE,
14 CO
14.70
1K CAN
10.00
Gaman
3.05
Jardue
Cement
Dairy
3+
200 M 341 200034
Watson
Texttle
Amul Rub.
Hub, Trust
prices. Lane,
Itope
Local P
Crow.
standards. tand..
Closing prices all in pence per
Chicago
NEW YORK Rubber futures closing
all in cents per lb.
REX
Nov.
20.05
Humphreys.
23.00
JMIL
SD.CZ
29.35
Star Ferry -
230
Mar.
29.50
20.35
Macao Elec.
1416
May
20.30
Cold Mace
July
20.15
Construction 18.00
Sept.
29.15
Vibro,
10.60
Closing prices all in cents per
1ს.:
Land
b.:
Sept
10.10
No spot
230/10
42
107
Del
19.12
Setilenvist bouar term:
221
National Dairy Proal
7%
Zine
Oct.
Am Brake Sper
45%
Nathmal Land
Seft.
10.15
Oct/Dec.
201-
American Airlin
*F
National Steel Corp,
Oct.
Jun./Mar.
Am. Chile Radio Corp.
115
New York Central ...
Copper
Apr./June
American Cpanainid CM.
41
Horanda Mines Ltd.
42
Sept
39.60 July/Sep
Am. & Furn, Power
Am. Ca & Electric
234
|_015 | Nortofix, & Western Ry.
874%
North Amer. Aviation Northwest Airlines (Cum.)
1032%
Oct.
30.70
0194
Des.
34.70
Oct.
2005
Ji
30.01
Nov.
34% jöklaba Nat. Gan
24
Mar
30.57
Estate erepe
3200
Oun Mathieson
470
May
30,51
thin Oct
OA Elevators.
ESAL
Owen-trois Gless
| Pueille Gas & Elce.
031,
Pan American Airwaya
1214
532%
Parxe Day)< (o,
4315
ま
An, Hume Prod.
Am. Mach. & Pastry
Anertean Metal
Am. Naturs) Gan
American Smelting
Am. Sugar Hef.
American Tel & Ti
American Tab
Ampex
Andronds Lapuer Arsen Sterl
Annour
Arleston CoED_
Baldwin-1ma-Itam
Baltimore Oblo
Bank of Montiral
32% Uxford Paper C
Ben Aviation Corp.
Betlehem Steel
noong Airplane
Burden They Swans
Burroughs Aid Machine Tritish Ant
nelli Cakuntia Pier.
Cak of any.
Campbell Soup Co.
Canadian Paelle
Cane 13. T. Co
Cat. Tractor
Celanese Corp
1. T. Pinancial Corp.
Chrysler Motors
Parambient Picture.
Pets Cu
Penn a c'h,
Php Morris
Pitney Bowes
Procter & Gambie
Pittsburgh in Glas
Reynolds Metal
Reynolds Tobacco
Royal Bank of Canadi
Royal DM
Rheemn
Sears, Ruebrick & Co.
Shell Of Cu
Safeway Store
Salut Rek Paper
Schenley lac.
Scott Paper
Slegler Cort.
Sinclair Oil
Shuto, Kine & French
Bank of va Scolla
7715
Portia Chen. Klee.
Tecchie Sayers
Pubheker Industries
PA
telephone
Benefie: Finatice
36
G2T
Barlie Corporation
Bengunt Cone,
1
Hatto Corps Pies,
454
Haythren
Republie Steel
MEL
20
att
៥៥៦
1
25
41
Chase Mashat. Bank
Ant
Cheit Peabody
GA
Coca Cola, ...................
Colgate-Palmolivar Co
45%
Colombitan Carbon Co.
4
Southern Natural Gon
Commercial Credit
Scuters Pacide en
Corning Glass Works
150
Consolidated Paper
Consumers Cos
10
Continental Cen
40
Continental 01 of Dei.
Create Put
30
Crane Co.
6515
Crown Zellerbach
Cuban Am. "Kugar
16
Delaware & 13ucken Co.
ราค
Diamond Alkali
Daund Nati
42
42
34.
Consolidated En
Distillers-Seagrams.
Dosalion Stores
Douging Aircraft
Dow Chemieal...... Dupont de Nemers
AWAY AMERICAN
¡STOCKS & COMMODITIES:
WHEN SULR
TECHNICAL
WHEN DUY
ANALYSIS
On Stock Trands
Research Drpt,
PERENNIAL
TRADING CORP. 916-810 Edinburgh House Hong Kong Toll Rises, 21544
Sunny Mix:1 Di
South Puerta to Sur
Southern Co. The
Southern Railway (Com).
Sperry Rond
Square
Sigurd Bratis
SLABA or of Ch.
call of the Standard all of N.J
D. of Canada
Knek
Sterling Drug Cu
Biokely-Van, Cama.
Simge & Wrinter
Studebaker-Packard Corp.
Snahran kuing
Ch
Texas Co. Textion Ine.
Shkol Chein.
The Water bil
Tung ine.
Jidy
Sent
19.30
30.52
30.46
General markets, ci.f. banir,
thick Oct.
Malayan trade
with China continues to fall
from GREGORY WONG
Kuala Lumpur, Sept. 20. Pan-imalaya's multi-million dollar two-way trade with Communist China which reached a record $311.9 million in 1958 continues to shrink considerably this
year.
Malayan purchases from Lending upoziers of Chinese !
Chino produels say that China is tal
during the period were through TAVU valued at $74.8 million against present passing
while exports economie difficulties because of $91.7 million, The drought which he repented- totalled $10.8 million compared
post with: $80.5 million. 23y hit the country for the
41
Tenders Finance
Travelers foo.
Tri-Cont Warrants
Twentieth Century Fox Film
Union Carbide
1542
Inion of cal,"
Union Paclite Tallway
Balted Alreraft...
Valted Fruit
United Gap CVED.
IJS. Gypsum
US Line Cr
Us Rubber.
US. Smelling
17.4
Strei
grain
market
Chicago, Sopt. 20, Grain futuras closed steady to strong on the Board of Trode today with the ex- piration of the September contract causing orratic price movement in that month.
At the noi bell wheat was up 31 to 138 cent a bushel; cora ups to ff 4: oats up 3 to 1: rye up 4 to 6; soybeans
up to ft 4; and turd off 13 to 30 points.
Strength in rye was attribut-
ed to export talk and the sub- stantially higher market for that commodity at Winnipeg. Local stocks which were modest was also a factor.
Trading
cu points. Wheat gained ground following a stendy opening. The mill buying in moderate volume,
was quiet in ainost
higher trend was
credited lo
Corn and cats trade remained featureless roughout the ses- stor Liquidation, which has dominated trading in oals for the past two days, diminished somewhat and there was buying by local traders und sherte.
Considering this was the last day to trade in September con- tracts, soybean trade was sur- prisingly quiet and open interest Among China's supplies 10 remained large. A fair com- As a result, China's industrial Malaya that showed a decline mission House demand was production hos suffered a povere In volume were canned
meat, reported for the November con- produce, fresh fish, tract. setback and if the drought con- vegetable
two years
Unues, she may have to buy rice and other foodstuffs sayя Wheat closing range: up 34
from abroad
the products she importers. sed to produce and export, Siy
Now the Federation and 244 Importers,
Singapore have banned the Im-
of all foodstuffs from
Jong-
35
Fין
וען
179. Steel 7 Warner Hrur, **** Waukesha Motor Westinghouse Air Brake Werlinale Electric Western Union Tel Co. Weat V. Pulp & Paper Wen-Dixie stores Westworth K. WAY Zenith Radio
UNIT TRUSTS
Malayan trade stutistles show port that the two-way trade between | Communist China and Malaya and China In the first kong because of cholera in both
ret tulf of the year was worth only areas,
$85,2 million against $131.2 mil- 33% in the corresponding period
last year.
KMB profit, dividend
The Directors of the Kowloon $1.11 Molor Bus Company have
Firai Hongkong Fund; (buyer) $1.10 (Belfer).
67
Second Hongkong Fund: rents (buyer) 93 cents (seller).
"Y HONG KONG PRODUCTS GUIDE
The latest reference directory "A GUIDE TO HONG KONG" PRODUCTS -- 1001 linting all Hong Kong manufacturers producla; datalled with classification of trade marks index, importers & exporters, containing 704 pages, Compiling by INTERNATIONAL PUDLIBUING CO. Obtainable at foom 413, China Iuilding, HK. at XM$20,00 per copy. Tel: 20071.
00-
for as long as cholera is in both The ban will be kept in effect
nreas.
Other
to 14 conts.
Soybeans closing range: off 4 to up cents-UPI,
Exchange rates
this
Items Imported from Business was done in the foçal
exchange China include pultéry, medicinal | umeniele)
narkel products, Inorganic and organic
morning of the following ratest
8.700 chemicola, texilies, ten and iron und steel.
Rubbor
Importora any that under the present circumstances, China's export trade with the local nine-
9. dalier (per 1).. Sterling notes (per 1).... Australian nufci" (per 21) .. Japanese yen (per 100) Cambodia riel (per 100)... French new frang (por 1). Brazilian cruzeiro (per 100) Argentine peso (per 100) Koron hwan (per 1,000; Jalan ira (per 1,000) Chineza JMP (per" }}] Taiwan yuen (por 18)
nounced that the profits of the ket this year will be one of the Thel bahi (per 100).
ended Company for the your February 14, 1001, after charg-west since the war.
ing all expenses of working and The fall in the pan-Malaya management and after providing tola) exporta lu Chion in the
for Depreciation of Fixed Assets first six months of this year was and Taxation amounted to HK-dun mainly to the steep drop in $10,030,001.
rubber shipments.
The Directors also annostneed In the first six months, China that at the forthcoming Ordinary bought only 2,434 tons of rubber Annual General Meeting of the from the foent market against Company, they will recommend 23.032 tons in the corresponding the payment of a dividend in re- period last year. spect of the year ended Feb- Total two-way trisle between runry 14, 1901 at the rate of pan-Mulaya and Chino in 15 Încsano per skoro on the 3,330,- was $201.7 rodillon, opinpared 100 sucit Oráltry shures in with $271.1 millon the previous the Company.
year.
Burmese Kyat (per 100) Paklatan rupes (per Maeno patsen (per 1) pa Norweglan xean (per 1001 Philippine peso (per 1) .... Singapore Stratte (por 11 Swiss franc ther if ....... Netherlande gulider (per 1) West German D-Mark (por Cubes peno (per 1)
Agreed merchant
rates
12.54
1.51
0.00
ர
1.37
21.00 5.70
0.1%
Delgion Francs, Maximum Belling, 800.
Rubber is Rubber is bouncing heavy industry
into
By Alexander Thomson
London, Sept. 20. Rubber is bouncing into heavy industry. Mr Spencer Suther- land-Waite, General Manager of the Andre Rubber Company tells me: "Our order book is higher than it has ever been" Six hundred men and women work in his factory. Many are on jobs
that had scarcely been thought of a few years ago.
For mstance
there is the building them for the French Sold Mr Sutherland-Walte building of jetty fendering for at Nantes and Boulogne as well ships when they pull alongsideas for use in the Thames
tuary, the Persian Gulf and at Tangier,
to load and unlond curga.
Looking
like
massive boxes" of steel and 'uqttw:zzh rubber they pre being sent all over the world.
The Andre Brm owned by the £2,000,000 Silent-bloc group is
S-
Orders at the discussion slage aro from places as far kpart as Australia, Madagascar, Tar- koy, Italy and West Africa.
London stocks
close
on
mixed late buying
London, Sept. 20.
harbour master** of Surbiton, Surrey; "When you pay £500,- 900 for a ship it is ridiculous to use old tyres to protect it from the quayside,"
Monster ships
He is a 45-year-old Ulster- man who gave up practising as u consulting engineer two years ago to join the company.
He did so after thinking up a device to prothet the Royal Yacht when she sailed through the St Lawrence seaway LEX 1059.
are
Now he and his experts
developing a buay
fendering ayten for bows of tugs band- ling giant new super-tankers,
Because of their size tule monster ships usually have to berth at deep-water detlics where a swell of 7 ft is not common. This
prosents 11 continual problem to tups that have to hose them into position, Both BP and Shell, I gather, are try- l out the new idea.
In the Andre ant they are purticularly proud of a hugu
Scattered late buying helped stocks overcome
their morning session weakness but there "bitowy" they have just built was scarcely enough business flowing to set for the atomic authority's reactor
a trend and the list closed mixed. Mr Dag at Windscale. Hammarskjold's death was still unsettling
the market.
Limited investment buying gave brightness to gilt-edged so That undated bonds gained up to
214th.
Dollar stocks declined clipping U.S. Steel for three points and Chrysler for two.
caTM
Davy-Ashcrmore led Zineering counters into high ground but chemicals wilted on news of money-raising plans for one of the leaders. Imperial Chemkal, however, managed to move a shade higher. Gloom Ifted for the stores but Wool- worth a ended a fraction of
Real estates were mixed and insurances tower,
The malaise In mines persist- ed with tins taking the shurpest rolls.
Shell moved lower but most other
were un- oil leaders changed in thin trading.
Among the plantations, tens were quietly firm and rubbers again eased-UPI.
21
3
Closing prices
British Government Securities Consolidated-€29, Converslun LD1-13/10. Bavinky 15/05/05~£80-11/15
196470-475-11/10. 35%, Bavinge, 1985/75~£G?16,
War Luan-07-3/10
J
Overseas Kond 95. Gorman (Dawer)-2934,
Japanese, Assented£150.
Banks & Insurance Barclays Ord-341,
Brit. Merchants Ingar-51 91. Chartered Bank-is 6d. Guardian Assurance-Sia 3d. Hongkong Bank—£175). Lande) Trust-428 Lloyds Bank--.
Lombard Banking Ord-15 Del. National & Grundleys-325, Prudential Amir, "A"-EZI,. Royal Bank of Canada--221', Royal insurance Ord.-1406 Ud.
011 Brith P-43.
Shell Transport Ord—til
Uffremer
9.
Royal Dutch 24 1024
Steels Engineering Babengk & Wileox Ord-23# 3d. Colvilles 3rd-80s 4194. Dorman, Long-99 794
Keen Drati urish Weif Ord-189, Stewart & Lloyda Oránkén Mlád Summers & Sons Ord-47a Trid. Tubo inventments-024 01. United Steel-450 450, Vickers Ortm32
f
Electric Assur. Elec, Industries—372. 30. Television "A" Ord-30
Hemingham Sourd-401,
Brit. Electranie Ind.--15% #lad. Fice. & Mur, Industrie10% English, Elpoirle Ord-203 DG. General Electric Ord-ŽĎμ, Phitos Lamp Works-10-1,22, Rediffusion Ord.—408 30.
Industriais Ansor, Partiane! Cament-72a 10. Boardman Marden Ordus Gil, Borax Holding)-15% äd. Becca Records Ozil-631, Uitlop Ribber Ord-25 101 Phone Ord 715d. Gilman tileidingsi Örd.—M, International Computerale 3d. London prick Ord-gen 34. Turner Ord-1418_101d..
Newell Ord-bla 7, Chemtests
Imperial Chemical Ord-03 7ind. Monsanto Chamicala Orjl—I 38.
Cinemas & Television Amen. Brit. Picturve_460. Hank Organisation On-234. Stol Theatren-da 4lid, nowater Paper Örd¬48s S. Da bo Bus Ord-Bay, Reed (Albert 2) Ord-dl ed. Spigora Ord-420 39.
Welgina Tempe DecliMo 9d.
Te
British-Amer
Carrera "D". Ord--ds, J. Gallaher Ord=41= 1994. Imperial Toupeep Ordd Dd.
Bioforu
British Motor Ori-13% 71⁄2. Stawker Siddeley Ord-206 714d. Jaguar Core Ord—llis 30%,
tolls-Royce Orúmlik ad," Welland Altgral-18
Texulet Bradlord Dynrg—its al Cattoo Printers Ord-124_t, Cons (IP) Paion w 43. Dr.
Courtaulda. Orl-gir $350, Fine Spiniters Dry-21 6, Lancashire Calton Ded-on 101d.
Brawnsion
Diuitiara Co. Orilegis, 444. Escaneas Argjur] Org-dll"' su. Ind Coope Ordmthe 1011⁄2d.
ou
Stores
Filch Lovell Ont-116 d. Great Universal, "A" Ordin d House of Fraser Ord-37 64.
"A" Ord-678 1143, Marks & Spencer & Brd-1019
Tate & Lyle Ord-470 1. alled Drapery Ord-159, Woolworth (PW.) Ord.-624 454.
Discoltaneous Bowmaker Ord---15a. 11⁄2d. Brit.
Commonweal ship. Ord, 30 10d.
Canadian Pacific Ord-$43. City of Landon Real Prop.-77%
54Cunard Stea:nship_Ord-10s 415.
Forestal Land & Timber- K. Furness Withy Ord-3ds 30. Hongkong & China Gas-2. Huson Hay Co-£4. Indo-China Det. Ord-209 d. Int. Nickel of Canada-41404. Land Securities Ord-10%. P. & O. Steam Nav. Def.-38x Bd.
Mine
Anglo American Corp. SA-1231 nd.****
Hrtt. South Africa Co-89x 1d. British Tin Investment-19. De Beers Def-131s 191%d. Lundua Tla Corp.-10 0. Mount 105 0,
Petaling Tin-107.
Selection-36 10d.
A
synthetic rubber and steet, it is
cunning combination of
is the st
7 in diameter.
of its kind in the world they Say
Why they call it a "ballowe' I do not know. For this truption does not blow anything.
Cushioning
con-
Its job will be to absorb vi- bration in pipes
hot carrying ses from the reactor to the heat exchanger labyrinth,
In another part of the plant I suw them malting rubber collars (called expansion pieces) isp to 6 It in diameter to provide a similar cushioning for thủ working parts in conventional power stations.
Turning out rubber "boar- Ing again to absorb vibra- tion-for flyovers and bridges on our new rands is another brisk side of the Andru Rubber Com- pany's activities,
It in currently supplying them for the second phase of the Maidenhead by-pass and for the Birmingham-Preston
frm
Rhodesfun Altors | Motorway. The
Khodesian
7:00.
hokana Corp.--440.
Rio Tinto (Bearer)-34 €150. Roan Antelope CopperUs 195d. Tropoh Mine®-03«.
Corporation-45m 101.
Un Cold tinhug-12s el. West Rand Investment Trusi—428 Western Holdings-11dn Sd Southern Malayan Tin--125,
Rubber & Te Angie Indonexions Plant-el Ceylon Too Ord-tos Od. Imperial Tea Ord-154 Du, Kuala Lumpur-itepong-Pa 211⁄2d. Lambak Rubber47 d.
Reuter.
New York
cotton market
pasted
substantial orders schemes later on.
Mr Spencer
Walle, 17 years
expects for other
Sutherland- married und takes it
with a son of three,
| all in his stride and finds time
for philosophising as well.
"We have to fight all the Line", he said, But in a fight leadership can
eugend.
or an atmosphere that breeds enthusiasm.”
Не declared: "Cool qulet efficiency
In the Industrial millenium. But it eludes, most of us like the plague."
But he is not a desk man. "I don't suppose I spend more than two hours a day at my desk", he told me. "None of our executives do."
That are a mixture of civil, bricchanical, locomotive and metallurgical engineers.
Said
philosophical Sutherland - Waite; thought-provoking strate
Mir
"The that emanates from the collision of all this
Is the socrot of our
Now York, Sept. 20, Cotton futuras
In spite of the motor in- dustry's colback last year the another extremely quiot Silent-bloc parent has just an-
seusion today, withnounced higher profits. irregular price changes more rubber into Industry must Andre's progress in bouncing highlighting an casier be one reason why. London swing to the for forward Express Service. deliveries,
At the close the 1st ruled up four to off 20 points. The market opened up four to off 10 points. New Orleans eloord up four to off 10 points.
Activity was ruther slow, with tho Jowish religious holiday cutting down rarer attendance, while other traders watched the stock market bound and foreign politieal
newa.
Rubber market
New York, Sept. 20, re-Rex rubbor
Switching of nearby Oclober tor the later months provided
trading feature, Spot house brokers were reportedly trans- ferrion short October hedges to the later deliveries,
ng
futures today closed unchanged to 25 points higher with sales reported. Standard contract closed w changed with no sales reported, The Jewish religious holiday, and the early homeward depar Hurrienne Esther lost much of turo of tradem before EL market influence ра the threatened hurriepric, feared in storm veered eastward away the metropolitan area overnight, the Carolinan, although held nativity In futures, some crop experis still ferred spola and silpment rubber to any heavy rains would damage a minimion, Traders said, the grade of the unpicked and Locally, spot No. 1 Rss wha open boils.
quoted 90% conta and current The Commodity Credit Cor-months 30% cantu a pound. poration reported 20,361 bales, both nomitral.
Its
from
were placed under the govern- In London, the rubber market ment loan in the week ended was featurefoss, September 15; while 488 baler
„Spot was quoted at 25-9/10. were withdrawn, leaving the No. 11149 apót 2012, 20% with not stock of 1001 crop "pottón | no bujaliseso. under loan at 109,830 balde UPI.
In Amsterdam, the rubber market was dull today --UPL
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