1952-11-27 — Page 9

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11.

MESSAGERIES

M

"LA MARSEILLAISE" **FRY-HILL"

Pricing

MARITIMES

Leaving

.Dec. *. Rec.

JAM 20 Jan.

3

224

†PEI HO"

-Dec.

**LA MARSEILLAISE" .en.

'MONKAY"

Dec. B

15 Dec.

Jan. 3 JAIL.

9

For passenger and freight.

M

Outwned YOT

Yokohama & Robe Japan

Homeward For

M. Alice & Europa Marsekion via Manila

N. Africa & Edrope

For freight to Salgon, Marseilles, Algiers, Tangier, Casablanca, Havre, Dunkirk, Antwerp & Rotterdam,

• Accepting cargo:

vin Marseilles to all Mediterranean & West Africa Ports.

--via Djibouti to Madagascar.

Subject To Chaugh Without Kalice.

CIE DES MESSAGeries MARITIMES

P.O. Box 53, Hongkong

Queen's Building (gr. floor)

EVERETT

Tel 26651 (8 lines).

LINES

EVERETT ORIENT LINE · Fast regular freight-refrigerator-passenger service to Korea, Japan, Philippines, Indo- China, Slam, Malaya, Rangoon, Calcutta and Chittagong.

"REBEVERETT"

Arrives

Scils

Dec. 18 from Maniin, Dec. 11 for

"LENEVERETT"

Arrives Sails

Rangoon

Singapore,

&

Penang, Calculta.

Dec, 16 from Singapore. Dec. 17 for Kobe (Accepting cargo for transhipment Kobe/Pusan and Kobe/Okinawa)

THE CHINA MAIL, THURSDAY, NOVEMBER 27, 1952.

Barter Pact

Concluded

Rio de Janeiro, Nov. 28. A barter deal valued approximately at $800,000 was concluded last week between Brazil and Portugal.

Portugai will exeltange dried fratile for Brazilian colton at the Internalónái' price plus a premium of 18 per cent.

I understood thas a trade, agréement is being studied by repreventativen of both countries for the exchange of $7,000,000 worth of merchandise.

Brazil exports chiefly catlon-the price of which is now being discussed.--- Reuter,

HONGKONG SHARE MARKET

(From Our Correspondent)

Business done on the Stock Exchange this morning amount- ed to $810,776.10, Noon prices nud the morning's trans- actions:-

BHARES BUYERS SELLERS SALES ZANKS

.IIK Bank ... 1403

East Asia.

INSURANCES

Clinton

Union

JC Fire

SHIPPING

130

243

715

110

115 1.00

0113

..... 20.90

.. 12.80

13 3000

... 5015 (N)

18

Asia Nav... DOCKS, ETC.

K. Wharf

N. P. Wharf 633 Buck Provident Whrelock

HK Land (0) 5815 Day

100 12

12.00

32 2200 m 3

250 4.10

1000 of 51

1000 m 52

200

7 2000

4.80

.

*: Yokohama,

LAND, ETC.

IK Hotel

A3

Humphrey,.. 1319 14.80

TILITIES

Peak Tram

Trom ....... 20.00

10)

32

Star Ferry

117

C. Light (0)

101

1500

10

109 10

EVERETT STAR LINE

Fast regular freight-refrigerator-passenger service to Korea, Japan, Philippines, Indo- China, Slam, Malaya, Colombo, Bombay, Karachi and Persian Gulf Ports, M.S. "STAR ARCTURUS“ ·

Arrives

Skifs

Dec. 11 from Singapore. Dec. 12

M. S. "THAI”

Arrives

Salls

for Yawala. Hicolata, Kobe, Osaka, Nagoya & Yokohams,

Dec. 18 from „Japan.

Dee. 19 for Singapore, Port Sweiten- $13, Madras, Colombo, Bombay, Karachi. Kharram- shahr, Basrah & Bahrein.

(Accepting cargo for transhipment Kobe/Pusan and Kobe/Okinawa)

EVERETT STEAMSHIP CORPORATION S/A Queen's Building, Telophone: 31206.

– Chinoso - Department:-Telephoño-29293.-

To

Steel

Assure Output Continuity

New York, Nov. 26.

A costly cushion is to be put under America's supply of domestic iron ore within five years. It is intended to assure continuity of steel production.

The cushion consists of facilities to convert iron- bearing taconite rock, available in the Lake Superior district in almost inexhaustible quantities, into pellets of high-content ore to feed steel industry blast furnaces.

life

and

Reduction of taconite some stiff problems.

poser

Two factors spur the move to utilise this rock; declining out put of Minnesota's Mesabi ore It is a hard rock usually of that can be mined and shipped 25 to 30 per cent iron, dificult "as is" to the furnaces,

to mine arki requiring heavy fear that flow of ore from pro- machinery to handle. Three to new foreign sources would tons of it must be crushed Interrupted in a war emer-produce one ton of concentrated ore in which the iron may run Heney.

Last The swift expansion of steel-60 to 70 per cent. This

considerably making

higher

than the balls for more and more raw materials. Vast now average Minnesota ores now

more sources of usable iron ore have use, and would result in

operation in blast been uncovered outside the bor-efficient

raising furnaces.

ba

in

C. Light (8) 622

Electric

Upward Trend In The World's Rice Prices

Noted In UN Report

Rome, Nov. 26.

Rice continued to be increasingly scarce during 1951-52 and the price trend thus also was upward, according to the United Nations Food and Agricultural Organisation's annual report on "The State of Food and Agriculture."

The total world area planted in rice increased gradually to 94,900,000 hectares during 1951/52, a new world record.

But the total production was almost the same as last year (151,300,000 metric tons as against 151,200,000 the year before). Titis was brought about by a fall in the yield per acre in some important areas.

In

at-

Debate

On India Trade

China,

Only two Communists in the

New Delhi, Nov. 26. Indian Communists yes- a resolu- terday withdrew

the tion proposing that Indian Government should enter into long-term trade Braxit, the greater Some figures on 1051/62 rice i production with the previous tractiveness of cotton reduced the agreements with Russin and year's in brackets, China: 48,300,- acreage under rice. 000 metric tons (47,000,000); India The United States and Cuba 31,300,000 (31,100,000); Pakistan had good rice crops. Cuba's 11,000,000 (12,500,000); Japan steady rise enabled 11,300,000 (12,000,000); Thalland States to export greater quanti- 7.200.000 (6,000,000); Burma ties to the deflelt arces of Aala. Other members opposed it on

(5,200,000)

and.

Despite growing demand, world the ground that India was al- other Asian

24,700,000 trade in rice is not likely to in ready free to trade with countries (25,200,000).

crease in the coming year. The countries. The report said the most severe United States and Italy are ex- fall in production occurred in peeled to increase their exports Egypt, where the crop was helved and Spain and Portugal have now of exporters by the fallure of the Nile floods. Joined the ranks

Falthough on a modest scale.

20 Tea Gardens

Closed

Council of States the Upper House of Parliament-supported the resolution,

ROYAL INTEROCEAN LINES

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*TARMAN”

TECRLBERG”

OTHPANAR

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**RUVÀY OTJIMENTING" "DOISHEVAIN" "TARMAN" "TJIWANGI” “

"TJHODAS"

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“TJIFONDDIR”

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SAILINGS

fter, +2*smespero, Djakarta, Remarang, .......... Sürabala æ diura

njakarta.","Semarang, Huraħala - &

AIRCRARAT

Alugapore. Penang & Belawan Delj Atantia, Singapore, Atsuritiam,

3. Alrick & 8. Amérito

⠀. Álacessar

Remarang. Burabala &

sidgăpuré, B. Afelga & R. Afrira

Japan.

nurgapore,

• Moredala "da "Muenssar

Japab Харад

Dec.

per,

Tiee.

Dec.

18

„Dec,

N

Btc.

Japan

Jab.

Bingapore,

Jan. 1

Jan,

10

stan.

JA. 16

MACKINNE

·Bemarang,

Armating,

Aritz,

2

Djakarta,

"AGPALAIN - & - Macnasar

Djakarta - fedtitang, Anfabula

Manila, Singapore. Bjakarta.

Mauritius, 8. Aftien & 3. Ámatira singapore, P. & 8. Afries

Alugapore,

Jakarta,

Búrabala & Mincasiat

Japan

Semarang,

Ringapore, Penang & Belawan Dell Djakarta Sematant, Kuratala 晶

Macassar

Kingapore.

Djakarta. Keniarsha

Birabala & Macassar

Japan

Hikgapore, Djakarta,

8. Africa & America Зарап

njakarta. Bemarang. Burahala *

Macar

Manita, Singapore, E. & Airita Singapore, Djakarta. Remarang,

Burabala & Miscansar

Singapore, Djakarta, Bemarang.

Surabala de Macksiar

B. America

• From

Surabala.

Djakaria & Singapore

*JAR. 19

Jan. 10

JAIL.

23

Feb.

"RTRAATTM

MAKASSAR'

Feb.

"TJITJALENGKA“

Feb.

"TARMAN" "THẞANTJET"

*TIMENTENG" OTHLUWAU!"

Feb. A ych.

Feb. 11 Feb. 14

Feb. 21

Jakarta, Bemarang,

Macassar

2

Atur.

9

Stanila, Singapore,

Mauritius, K.

Africa

**TJIKAMPEK" the United

"TJIWANO”

"BOIBREVAIN"

all

The resolution, sponsored by the Communist leader, P. Sun- darayya, proposed that "to meet foreign exchange dimeuitics and India's Import requirements of machinery and capital goods, UNKNOWN FACTOR

the Government of India should The chief unknown factor intake immediate

steps to the supply situation, FAO said, diversity India's export and im- is the extent of Chinese exports port trade, and start negotia- in the second half of 1952.

of tions with the governments Burma reduced her carryover Soviet Russia, China, Czecha- considerably in 1051 so that her slovakki, Hungary

and other Jncreased crop this year will countries.of Eastern Europe for not mean greater exports.

long-term trade agreements." Pakistan wil hove no ex- Mr Bhupesh Gupta (Com- portable surplus but will barter munist West Bengal) said near- wheat withly 60 per cent of India's trade Twenty tea gardens in north-India.

some rice against

was

at prosent blocked up in

from Jupsn have eqme

and channel." Indonesia. The Philippines have raised their import requirements by 35

per cent. Export prices have risen, In 1951, small mills specials, 42 per cent brokens, were sold FOB Rangoon for $123.00 a ton, More recently, the price has gone up

$170.20 For better quality rice with per cent brokens Spain obtained $184 FOB

New Delhi, Nov, 28.

east India, mostly Indian-owned, The main increases in demand "the Anglo-American colonial

have closer down because of the slump in ten prices and the fhellities 70920.00 contraction of credit

banks, Mr T. Krishnamu by churi, Minister of Commerce sind Industry, said in reply to a question in the House of the Intend gardens Some more closing down by the end of the

added.

5000 6.65

500 855

333 or 01

600065

21123.10 2200 23.40

Telephone

17.20 172

Rts) 3.50

200 m 235%

132

INDUSTRUALS

Cement

10

1300 1831⁄2

STORES, ETC.

Dairy

lique

People today.

year, ho

to

The closure was estimated to ontst

3.80-have affected 15,000 workers.

said that The Minister

the recently Government was not considering Spanish Mediterranean ports.

The effect on consumers, how- could be Lakeń what steps

unsuro

somewhat adequate finance through ever, was cushioned commerotal banks in regard to by lower freight rates.. next year's production for affected tea

tea gardens.

2013

10.70 20 500 19.00 Watson..... 20.10 25.40 000 # 21,30 1. Crawford

34

COTIONS

two

MISCELLANEOUS

230 2.40

Yangize... 6.90 0.05 6000 a International

Fin

7000

770

Biggest Economic

Problem

6.05

18c

Bombay, Nov. 26.~*~ Lord Boyd Orr,

n farmer Director-General of the United Nations Food and Agriculture Organisation, said today the biggest economic problem now was the need for increasing agricultural output to provide more food and raise the standard of living..

ሲ።

This specially applied to In- dia, Pakistan and Japan these countries were faced with a food shortage, he added.

Lord Boyd Orr is on his way to London from Karachi by the

liner Caledonia.

Asked if there was a possi visiting India in bility of his the near future, Lord Boyd Orr sald he would like to visit India,

which was playing an important role in world affairs In trying to

promote world peace and unity.

"I hope India will get over Its food and economie difficulties its and bring about a rise in standard of living, which will Increase its Influence in world affair", the added.Reuer,

New York Stock

Exchange

the

PROSPECTS IMPROVE Outlook: Production prospects have recently improved. Severe drops in the price of rubber. copra, palm oil and oil seeds will

M

T.S. Pattabhiraman (Congress Madras)

sold, Asia was not in a position to supply the goods needed.

ONE-WAY TRAFFIC

Let the Indian Communists persuade the Russians to take

cloth handloom

and Indian Alms,

he said.

films are "So many Soviet being exhibited in this country, but not one Indian film can be exhibited in Russia," he added. **They want, only one-way trafic. To them all roads lead to Moscow."

The Canumerce Minister, Mr D. P. Karmarkar, sold India'e trade was free and admitted no ́ barriers.

"If nobody purchases from: 5 particular merchant it is not the fault of the buyer", he said.

Estimates of requirements by Interests concerned were as the high as 40 to 50 million rupees

the Assem tea gardens, and tend to shift some land and for the requirements of West Bengul labour back to rice.

But the extent of such and South Indian tea gardens

a shif!

"A clever merchant is one who would

on the extent to is able to sell in the best market be additional to this will depend

which producers are allowed to possible." gure, he added.

Indian had not suffered any prices of international trade.

reap the benents of the high

Mr Karinarkar added that loss or diminishing

there was scope for developing demand

Most Asian countries have kept economic of her recent with- because

relations between prices, al drawal from the International controls on internat

though India allowed a three per Russia could give India capital Russib and India, and that Теа Marketing Bourd,

In 1952 while Minister said, in reply to another cent rise early

Japan authorised a 15 per cent goods and food grains in ex- question-Reuter.

increase to Internal producers.

Internal prices of

Flee vary in greatly

countries. various Taking Burma's internal price at

Ceylon Pact

With Bonn

change for

Lea and shellac,

The Cam than_with_ drew their

heir resolution.

WRONG DOOR

100, the internal prices elsewhere Mr Sundarayya in his speech would be: Thailand 230; Egypt 280; India 310; Italy 330; U.S. 390; 400, Indo-China Japan 440; Pakistan 550; Brazil 740.

CLEAR SIGN In other words, the

Internal

Colombo, Nov. 28. Ceylon will have equal treat-

with Britain over West price in Brazil is seven times that ment Germany's liberalised imports in Burma. "The continued high under a Ceylon-West German trade pact signed here on Satur- demand for rice, despite higher prices," according to FAO, "is a Minister, Mr day, the Trade Richard Senanayake, said today. clear sign of the great preference

Rubber,

It enjoys amongst a vast tea, cardamon, citronella and cole nure will be growing number of habitual rice unlikely included in the German libera-enters and this factor is lised Ust, but the most to change rapidly."

power The purchasing favourable terms in the whole

would have

et graphite-Reuter.

of

accused the Indian Government of placing obstacles in the way the development of India's trade with Communist countries. India's foreign trade, he said, was at present mostly with tho United States, Britain and the cowan Chaman Lal (Con- The tab) interfected: "both

res

Kingdom and the Soviet Union, the country which my friend represents,, are on the same level,"

The

Rubber

ARRIVALS

"TJIWANGI"'

Nov. Ex

"STRAAT SOENDA" Dre

"TASSIAN" "TEGELDENG"

MINERANT,

a

Japan

Dec. 1er.

Japan

?

Japan

KING'S BUILDING, Ground Floor

Hesrubala

&

Semarang:

TEL. 28016/18.

CHINESE AGENTS: 83 CONNAUGHT RD. C. TELS, 31190, 25133.

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO: NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA va SAN FRANCISCO, LOS ANGELES AND PANAMA.

M.S.

NEXT. SAILINGS

M.S.

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M.S.

"GRETE MAERSK”

"JEPPESEN MAERSK”

"OLGA MAERSK”

M.S. "HULDA MAERSK”

MS.

ARRIVALS FROM U.S.A.

M.S. "PETER MAERSK"

Dec. 3 Dec, 16 Jan. 2

Dec, 16 Jan. 8

Jan. 16

or Freight and Further Particulars please apply to:-

AGENTS:

JERSEN

Pedder Building,

CO.

Tel. Nos. 36066-0,

· Daiso - and - rotation - subject-to-change-without matice;

porta to load/discharg card.

At liberty to proceed via other

WORLD RUBBER OUTPUT DOWN

Rome, Nov. 26.

World production of natural rubber la estimated at 1,717,000 metric tons in 1952 as compared with 1,910,000 tons the year before, according to the United Nations Food and Agricultural Organisation's report.

In effect, production trends followed prices. Guerilla troubles hampered production in Malaya.

cent

before.

before.

United

Mr Sundarayya replied: "I do not represent Soviet Russia."

Mr Diwan Chaman Lal eld "1 shall modify my statement. It Agreement were the inclusion of/Ceylon. Indonesia and Malayas the country my friend repre- iph products US dessleated has been reduced by the drop

The only significant advance where cotton acreage increased na in spirit." codonnut, oil cakes from in prices of rubber

and other sents in

He declared that India was in output was in Indonesia whore | 10 per cent. fresh leading exports, and this may ececanuts, graphite and

the increase was about 10 per Yields in many places were for rice some-pursuing a polley of opening her in tho cocoanuts

unrestricted reduce demand

doors wide to trade with all

greater than the year adversely affected by natural list of exports to Germany.

what.

conditions: In the Near East irrespective of idealo- countries, "As none

Japan's demand of these products

will depend

U.S. synthetic rubber produc- there was heavy insect damage. came from Malaya, Ceylon more on her industrial activity, gical differences,

There is nothing to prevent

tion was 838,000 metrle tons, Drought cut yields in Mexica, a free hand", Mir but her annual population in- Soviet Russia frein expanding compared with 850,000 the year and

the wonther was un- Sinanayaka sild. Ceylon would crease alone means that she

favourable in Egypt, the Sudan 100,000 tons trade with India and our friend now be Germany's chief source needs more than

As World consumption of natural and Pakistan, is knocking on the wrong doors,"

Hi result, more cach

present year it

rubber is estimated at 1,473,000 production he added-Reuter.

increased only two is maintained.

metrle ions as ogainst 1,524,000 per consumption

cent outside the Дв

of for the price

FAO rice,

States-apart frors Russia and the year before. New York Sugar sald; Viewed

somewhat nar

The estimated excess, of pro- China, where efforts are under rowly, the demand for rice seems

duction over consumption in 1952 way for a 20 per cent increase. Futures

likely to absorb all available sup-

The cotion picture is com at 278,000 tons is smaller than in New York, Nov. 20.

piles, even at prevailing prices. Stocka

back with

the swung

pleated by the slump in the New York, Nov. 28.

Should price ¡cycls of other pro- ders of this

industry. April 1951, vigour, moving industrial and

World sugar futures closed ducts continue to fall, the price imports of ore by nearly 24 per Iron particles are separated

under heavy rall Issues into now high ground, last year. cent

from the crushed rock and con-

today 3 to 7 points higher with of rice is unlikely to remain in- Dealing's totalica 1,020,000

sulated from consequent adjust- But steel companies do not centrated into pollets, a fortn

shares. Of 1,193 sute traded, sales totalling 83 contracts.

Contract No. 0 closed unments among producers and want to have too many eggs in that makes the ord caster, to

615 advanced, 304 declined and foreign basket. They have ship and ready for use when it 374 were unchanged. Industrials changed to 3 points higher with consumers.-United Press. been working for years on reaches the steel mills.

1.54, rails 1,30 and sales totalling 10 contracts. gained

Contract No. 4 (world) methods of using the iron con- From the Mesabi range alone

utilities

olis January Most 12 cents. tained in taconite, and some some 73,000,000' grosa tans of

were higher, Chemicals were Morch pilot operations have been in iron ore were shipped last year. higher a point or two. Stools May

If the taconite facHjies live were strong with advances of progress,

fractions The timetable for enlarging up to some industry estimates

ally will pro Motors firmed. eventually this work is not too exact, but that they it is reported to cavision-some duco 20,000,000 to 40,000,000 cutput on a commercial, scale tons of high iron content ore a year, they will go a long way by 1955.

towards stretching out To accomplish this the steel companies will spend hundreds nation's domestic supply-Asso-

ciated Press.

11

country,

of millions of dollars.

UPWARD, REVISION

Original cost estimates have beda revised upward here, just

July

Beptember oge point, October Scbuary Dow Jones averages at the Spot,

4.01 nominal

3.70 3.78 bid

EXTR

to over

4.00

end of the session:

January

5.68 nominal

30 industrial

282.44

March

5.40 bld

the

20 ralls

107.03

2:

MAY

15 utilities

July

51.49

September

.5.07 bid

0.70

4

OD.27

November

6.41 homipal

-- United Press.

Spol

JAPANESE BONDS

an in other expansion plans of Japanese

steel and industry generally. In

20

London, Nov. 2 honds "A" Kds, of·1800) 87

M3 (41% of 1910) 83..........

(0% of, 1007) "D" (58 of 1934) 110 IVE" (51. of 1930) 17215

the third quarter this year, Bethlehem Steel Corporation director; authorised nearly $28,000,000 *** Just; to cover Ins creases on previously-approved Consols expansion projects.

-United Press.

40 bonds

$.00

Indian Sales

To U.S.

New Delhi, Nov. 26.

The United States buys more

Markets

London, Nov. 20. Prices of rubber futures closed today as follows:-- Number 1 rubber, in pence

per b January

Pabruary

March

January/Match April/June

July/September October/December

the low

previous year. For natural

rubber. Is`240,000 against 380,000.

tons

513

cloth

prices were

throughout

the

On the other hand, the US pressure. The recession was stockpiling programme is nearing continuous completion and purchasing is on following 12 months, textile a decreasing scale., Moreover, the prices failing by 30 per cent and

trend is un-mill margins by 14. i prevalling price

favourable to commercial imports and the holding of stocks In in- porting countries.

COTTON PRODUCTION

JAPANESE POSITION

position in

It is not clear whether the recession will have any grea: ellect In India where the Industry United Press, NEW YORK MANKET

The total production of cotton operates 'under. relatively low for the season is estimated at controlled domestle cotton and Now. York, Nov. 26.* than half the manganese org

futures: 34,500,000 bales, largest in the cotton textile prices and enjoya Prices of rubber 050-551-exported by

years and second gh...advantageous

competitive India, oficial closed 40 to 60 points lower post-war Mources said.

export markets. with sales totalling 72 contracts, largest on record. During the three thonths and Prices

Very high prices prevailing at - In Japan, an in 'Judia, the re- with eased Ing June this year, India sold market and, on pre holiday planting time wore an incentive cost came rather fate ba the -United. Press.. 203,000 tons for 41,000,000 realising. Spot dealers reported to large acreage expansion son. A Inrge unsatisfied do- Rupees of which the US. r a small trade between dealers Increases in the cotton norge mestic market for textiles la Market Holiday?5?

191,000 celvad

aubatantial markdd, in the|Japan; and- costing along with small All-in pur were especially New York, Nay, 20 The other importers included decline. 127. 400,000 Rupees.

chasos by factories on the Near East countries, Le Syria orders offset the fall in All U.S. markets, securities

(43 European textile industries were per cent). Mexico increased is affected by the recession later United Kingdom, E8,850 camber. and coinmodily exchanges will the

28 cent than cotton' acreage by per cent

the US. but before the in- be closed. tomorrow, in obser-tons: Western Germany, 22,480 March

and Argentina by 20 per cent dustries of the Far East. The vance of Thanksgiving Day, tons; Italy, 7,800 tons; Jopati,

Food production policles prevent decline in the United Kingdom Markels is Britain arid Cavida 7,700 tons; France, 5,800 tons, September

nd any expansion in Egypt, but was as much as 40, prr cent, as will operate normallyUnited and Sweden, 2,000 tons Asso December

clated Presa

⚫were less restrictive in India, United Press, Jim Fresa.

Exchange Rates

Business was doda. In the local unofficial exchange market this morning at the following rates. U.S. döller, (per $1) Jeteries

0,013 Sterling note (per 41) Idortenian dryer, 100) Mam ticals(por 100) Hingapore 19traite)

FIC" pinaires (per 100)

30.69

tons

boot

50.00- $OAD

1148

37.00 nominal 27.55

30.00 nominat

“United Pross.

per 130 cent) and Turkey

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