1953-09-25 — Page 9

MESSAGERIES

P.B. Box 63. Queen's Bldg.

M

THE CHINA MAIL, FRIDAY, SEPTEMBER 25, 1953.

MARITIMES Turn-Round Problems | Empire

Tel: 20851.

M

FAST PASSENGER/FREIGHT SERVICE

From Matelitek

"LA MARSEILLAISE” 15 Sept. “VIET-NA

"CAMBODGE"

For Yokohama

Yokohama

Leaves Marvelltex

B 1.X,

Oct.

Oct.

11 Urt:

1 Nov.

Nov.

Leaves Hongkong

Due Marseliice

13 Nov.

Saigon

20 Nov.

Axon

galgan

"LA MARSEILLAISE" 21 Oct.

To Marseilles

“VIET-NAM

"CAMBODGE"

Nov.

10 Nov.

Via Marsatiles to all kediterranean & West Africa - Porte Via Djibouli to Madagascar.

Frem Europe

"AURAX"

"IRAQUADDY"

"MONKAY"

То Гигоре

"COURSEULLES”

"AURAY"

"IRAQUADDY"

FREIGHT SERVICE

Laft

„Antwerp=27 Jy

+++. Antwerp 1 Sept.

· Dunkirk...early Oct.

Leaves Korians

30 Oct.

1 Nav.

Due II.K

29 Rept.

22 Del.

27 Nav.

Legyen 11.K. 'Orl.

1 Nov. 17 Nov.

For

Manila Japan Manila & Jepan Alanila & Japan

For

1

↑ Saigon, Hingapore, Djibouil, Marseilles, Algiers. Oran, Tanglers, Conblanes, Le 1tavro, Antwerp. Betlerdam & Dunkirk. Subject to change without notice.

EVERETT LINES

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

"LENEVERETT"

Arrives Salts

Oct. 5 from Singapore. Oct. for Kobe

"BRADEVERETT"

Arrives

Sails

Oct. 10 om Manila. Oct, 17 for Singapore,

Rangoon

Yokoham

&

Penang. Calcutta,

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

EVERETT STAR LINE

Fast regular freight-refrigerator-passenger service to Korea, Japan, Philippines, Indo- China, Slam, Malaya, Colombo,

Bombay,

Karachi and Persian Gulf Ports.

"THAI"

Arrives

Soils

Arrives Sails

Oct, 5 from Sandakan. Oct,

for Yokohama,

Fusun, Kobe

&

Oct. 10 from Singapore. pil, 20 tur Kobe,

"STAR BETELGEUSE"

Arrives Sails

عماير

Yokohama.

Oct. 19 from Jappan, Oct, 20 for Singapore, Port Swetten- Penang. Madras, hum, Colombo, Cochin, Bombay, Karachi, Basrah, Khar- rainshahr

Bahrein, &

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

EVERETT STEAMSHIP CORPORATION S/A

(Incorporated in the Republic of Panama

With Limited Liabilly

Queen's Building, Telephone 31206. Chinese Department: Telophone 28293.

CONCERN IN SINGAPORE

Singapore, Sept. 24.

News of the armed revolt in North Sumatra Is causing ner- vous concern to traders here,

A trade source said

Malayn

imports betei nuta copra and

tobacco from Atjet in Sumatra which is a centre for barter trade

before banking facilities were introduced late in 1951.

Chinese

here traders

sizable trade

Aljeh

especially

connections

and

Inve

with Nias Island and are watching developments closely.

One trader, cominenting

on

the news of the revolt, said it make an too early to

was Rssessment of the situation and Jocal traders are content

n "wait and see" attitude. adopt

the Indonesian Oral, Dr Mohammed Razlf, is on a visit to Penang, North Malaya, to collect "facts" on trade between Malaya and Indonesia.

In

n

He lold newsmen he was Penang especially to establish friendship and to Institute polley of good neighbourliness. the facts gathered there on trado were favourable they forwarded to his

If

raq

would

be

Government in Djakarta.

Dr Razif will play host at a

cocktail party to Government

French Budget

Decision

Paris, Sept. 24. France will budget to spend

100,000 millon next francs less in the fistancial year than in the current one.

The Finance Minister, M. Edgar Faurr, said France's 1981 budget would be for muition

about 3,740,000

This year's toil of 3,814,000

expenditure

million 'france Is. Itself 100,000 million franca lower than the figure bud- goled for last year.—Beu-

ter.

Sugar Prices In America

New York, Sept. 24. World sugar No. 4 closed today unchanged to two points lower with salca of 331 cóntracte:

Domestic sugar futures No. closed unchanged to three points higher with sales of 144 contracts. Scattered scfling in world con- inncis followed cottoning basis in.

At Ports: Need

For Large Drydocks

Direct Taxation

Burden

Ak

Need for greater drydocking and herthage facilities on the River Clyde was referred to by Mr A. E. Hull, chairman and managing director of the Ellerman Lines, when he spoke at the annual inspection of the Elyde Navigation Trustees harbours and works.

Mr Hull referred to his connection with the City Line, which had traded to and from Glasgow for well over a century.

He pointed out that when that company began its shipping operations the range of quays and wharves had mile, and the annual been only Three-quarters of n revenue about £10,000. Today, there were 121⁄2 miles of quay with a 'revenue of closa on £1,900,000.

[ur

Economic Talks

Canberra Mooting In January

London, Sept. 24. The Commonwealth are now putting the finishing touches to plane for an economic conference to be held

In Canberra next January, according to an authoritative source here.

A Treasury spolesman sold of the Exchequer, would attend, [That Me R. A, Buick Chancellor

Countries taking part will be Britain, Australia, New Zealand, South Africa, India, Pakistan, Ceylon, Southern Rhodesia and Cana Canada. The last Commonwealth Economic Conferenci was held here in November and December inst year.

INDIA TO HAVE THREE NEW OIL REFINERIES

New Delhi, Sext. 24.

Three oil refineries now under construction in India will together have the capacity to handle 3,710,000 long tons of crude oil a year, yielding 147.000.000 gallons of petrol and 120,400,000 gallons of paraffin.

Two of the refineries are being set up in Bombay by the American Standard Vacuum Com- pany and the British Burma Shell. The third is being built on India's east coast, at Vishakapatam, by Caltex (American).

India's only existing refinery, It wili produce 40,000,000 guilona

of parama. is at Dirbel, in Assam.

The refineries, when in full The Entallest refinery, Caltex. operation, will meet a little Vishakapata will handle lover 60 per cent of the coun- 500,000 tons of crude oil por try's denmind for petrol and a year, producing 30,000,000 little less than half the 'do- | gallons of petrol and £5,000,000

gallons of parafin.

The

}

in

From the Sunderland shipyard of Sir Jatars Laing and Sons, Ltd, the cragoner Somersby (9,200 tons denstight was launched for St. R. Etener and Co. (Markgement), UX, Daring- She will be core of the

mand for paraffin. metest chips to be constructed by

Here was a story of progressiva į particularly galling to and them

India at present Imports' a)- Messra Laing, her speed being

Chief feature of the January most all the oil she requires,

DIESEL OILS krints on a six-cylinde Doxford- expansion nit improvement, he spending, so much time by the

three refinerien together said, which alsco

the the war had

since the only 'ollfeld in A prominent, though not the conference is likely to be a re- type engine

be supplied by been intensified by the expendi-only,

produce 147,325,000 cause of this was the port by Mr Butler on the pro- country, at Digbol, In Assam, will also Ron W. Lowther, Lesendure of £2,000,000 and a further tendency to use wharf shetis as press made in discussion of the produces only seven per cent of gallons of diesel oll and 307,- Co.. L'd. The Semerity is the

|650,000 gallons of fuel, oils, and speed of the Commonwealth economie plan the country's required 24, the Burma Shell refiners will im-warehouses, and Arst cargo finer to be built by projected £2,000,boo

to speed ships, working was determinal particularly 'the' plan for 1952-33, India Imported Mesrts Laing sluice 1959, when provements designed

Cin produce 25,000 tons of bitumen. by the ability of the sheds to sterling convertibility between 340,000 gallons of petrol they completes the Dalety and the turnaround of ships,

absorb the cargo or alternatively Britai

Britain and the other countries

cluding aviation

The reaneries will be owned spirit) and Dearpool for the sume twners. As a shipowner he could think, to deliver it to ships side."

Lof

and Organisation for European the

204,800,000 gallons of paraffin.

operated by the Indian Specking fair the bunch, Sir

of no more laudable afm. for

Economic Co-operation and

The Burma Shell refinery the Indian Companies Act,

Companies Incorporated under in Britain, where imperts still Leonard warned representatives although the world-wide altun-

Britain 'dad: the will have a capacity of 2,000,- of the shipbuilders and his own

tion had of late improved, there vastly exceeded exports, it was between

United States.

000 tons of crude oil a year which foreign investment, will firm who wite present, that he

was no port which, from their for the good of all to get im-

to 500,000,000, rupees potted commodities soon strip- believed that quite

representing

output of) amount The conference will discuss 24,000,000 gallons of petrol and (about

£20,060,000). Foreign dostanation with the best possible short-term and long-term plans 65,400,000 gallons of parallin. Amors would be freing a difficult point of view, could

satisfactory despatch. It seemed to him that for giving strength to sterling and

Investment of this magnitudo time, and would be inpessible garded as wholly

The Standard Vacuum re- has not been undertaken in any By in stimulus to Commonwealth

In India sinco rapid stepping-up in the speed so much

mechanical handling

finery will have a capacity of alber of dry cargo ships and every

of indepen- 1,210,000 tons, but its produc- the achievement effort had been made to make much physical labour could be production and trade. Problema Industrialiumtion and the saved, It was strange to see

of petrol, at 94,000,000dence in August 1947. as efficient

in of living standards as opposition in the United King-der-daysloped Commonwealth gallons, will be much greater. them

the cost

The

amount of preference even though

dom to introduction of the latest und mounted alarmingly, so

shares to be offered, for laveste devices which were so much areas will also be an important

ment by Indians in all three more cleient than the old aspect of the talks. Other points for discussion are imperinë pre-

refineries is expected' to bo the expansion of

about 35,000,000 rupees; (nearly ference and

£2,000,000). Commonwealth trade.

Authoritative sources said that dotails of the conference pro-

be re-

been

to thele

to keep old ship: at sen o 1. There had h latter years so much could be achieved by

Only very efficient ships would be able to INACTI prott

Sir Leonard also gwo a WICD- ing that the British Mercandle Marine would not be able to maintain its leading position if of direct taxation the burden reennine: so high when foreign competitorer esenped lightly.

"Soomer or der some Chiq

the Exchequer and I sailer of

will be Yr Butter, will realise that the British Merlot Navy is falling Dohled. It is of interest net taly to shipowners and shipbuller, but the white nation that we should alofole an adequate Mercantile Marine."

the

DELIVERY DATES Sir Leonard rak that Somersby was the fifth ship built by Messrs. Laing for his coth- pony, and there were three more

That total

of eight on order. vessels

ロー represented not un considerable feet in itself, and cr showed the real

order.

vessels

were

had it was

Lancashire Welcomes

E. African

Decision

und

fashioned methods.

Progress could not be denied or frustrated, it always won In the end. It was progress which had inspired the building of the huge tankers of today, and he stood in constant amazement Inramma would be made known after the present Commonwealth the continuing increase in their consultations had been completed, vize.

Vessels of 30,000 tons were commonplace, and some were under construction of well over

400 mercase was not confined to tankets, for there was even that in Japan a 90,000- a tale ton ore-carrier was to be laid down. That, of course, might be just a tale. He did hope, how- ever, that in the event of an- confidence nouncement from Nakably other war they were not going Messrs.terday about arrangements for to have too many CERS in one the entry of Japonesse textiles basket. The loss of such a vast unit would be almost a disaster.

Manchester, Sept. 24. British cotton textile export-

have welcomed the

on-

of

FLESSING NEED

NO CHANGE

con-

On the subject of convertibility of sterling, it is understood that there has been no change in the British viewpoint since the com- munique sued at the end of

Commonwealth the

last ference. This would mean that Britain has not felt it necessary to make any substantial altera- tion in, her convertiblity plans in the light of the discussions she has had with other PEEC coun- tries and the United States this year. The January conference therefore seems unlikely to take any substantial step forward in Commonwealth preparations for convertibility.

With

con-

which existed betweeTI Laing and Messrs, Ropner,

He added that the time must into East Africa, come soon, however when The announcement has ended owners were given a firm price the uncertainty which exporters and a firm delivery date for the say has been interfering for some With steadily increasing world vessels which they desired to time with trade between Britain oil consumption, continued Mr

and East African territories, Hull, more

would tankers The Somersby had been de-

Inevitably be needed, and if the signed as the fastest ship in their Comment on the announce present trend in size continued, neel, and it was gratifying to ment has been made by Mr A, D. that construction would bring in

everything dependent be able to acknowled that the Campell, who led the British its train the pressing need for on the attitude of the United

In team, export ships built by Messrs. Laing cotton

which drydocking and berthing facll-States-particularly invariably achieved the perfomni- visited East Africa this summer. ties commensurate with the size

nection with lower US trade and

sometimes ance,

barriers and the backing of con- the ships. The practical meaning of the

D dollar fund- than beller

the speelfentions

The late Mr James Leggat, a vertibility by ofeint Tanguage of the East

the next step forward is likely under which they were built,

The vessel will join two other African announcement, he ex- former chairman, of the trust,

during his address in 1946, had to follow the report to be made built

by Messrs. Laing, plained was that restrictions on stated firmly that the river which by the Randall Commission on

of Japaneso Foods,

Policy. built the largest ships in the Foreign Economic

The the Daleby and the Decrpool imperts

have been plying in their liner service which hitherto

should also drydock them, latter was set up by world only Lip to the

Eisenhower' no doubt, Mr Legget had across the Atlantic to Florida force

WOTC continued in mind the great

whether

United States trade and United States ports on the end of 1953,

great passenger ships unaltered until May 1, 195%.

It Born Gulf of Mexico,

which had been

policies should be revised. on that

and Thust also After that date two categories river, and he

only just starting its kurvey are increasing deat, and in co- of Japanese goods-namely had a lively memory of the fact is not expected to report until some time next year. One of operation with Meers. Laing we kikois and unbleached sheetings that some ships, both naval and have planned and already pre---would be allowed entry under of repair during the war, hid

zine, walch were in need the chief documents it will have to examine is the report pre- vided passenger accommodation open general Hcence. But which sets new standards decision was reserved about all to be sent at considerable risk pared by Mr Lewis Douglas, States, as there and a team of experts, on to the United abips of this size other types of Japanese, goods. comfort for engaged in this trade.

were no facilities on the Clyde dollar-sterling relauónu. Js Decisions on "We believe

to and

what certainly

for drydocking then.

Now, seven years later, the It also appears clear from hope that the comfort provided happen in ay next year will

recent Washington statements In this new ship will excd even presumably depend largely on

problem was still a burning one, Bt cotton that provided in the two vessels what the

were growing for it ships

In that the US Administration will dustry can offer,

size so must drydocks also. It walt cight to ten months before already in service."

mills "Lancashire

and was not a problem peculiar to it would be ready to say. Manchester exporters must do Glasgow; many other ports were whether it

it will contribute convince everything to

dollars to a fund for backing of the artequacy of roat faith on the pit of

to provide 2,000 to 3,000 supplies from Lancashire be of such large

hoped the authority would be million dollars while a further fore, the time for this decision alive to their needs, and supply 2,000 million should come from arrives," Mr Campell said.

"Our bookings of general cargo

Slow Day

Wall Street

in

the

In

British and East African Gov- ! the same position. It shows convertibliity. De would be pre-

erhimenta

them,

Owners

ships, and lie

COST "PRODIGIOUS”

tion

on

HONGKONG

SHARE MARKET

(From Our Correspondent)

Industry

The Indian Government bas given the companies an under- taking that the refinceles will not be notionalisexi der 28 years, and will be exempt from certain provisions ol the Industrios (Development and Regulation) Act

The companies will also ba free to make, their own, surge Business done on the Stock ments for the import of

crude Exchange this morning amount-ell and for the distribution of ed to $475,040.70. Noon quota- the refined products in India. tions and the morning's transac-They will also be free to ex- tions:

BANKY

may not

required for

tho

AES BUYERS KELLES BALES port such reined products as

be Indian market,

CAPITAL COST. The Companies will train In- dian personnel for employment in the refineries.

East Asia. 157 INSURANCES

Union ... 010 Underwriters

3600 23 14

1 Fire... SHIPPING' Arla Nnv DOCKS, ETC.

K. Wharf ... Bd Duck W...... Provident (N) 12.20 1311⁄2

(N)

360, 1135 Wherlock ...

4.83 193 400 er na required ot

3 sterling.

LAND, ETC.

HK Hotel

7.201

The Burina Shell Company hes estimated the capital coat 2120623 of its refinery at £15,000,000 und the working capital 'sterling

about £1,500,000

7400 40

200 1.50

In the Indian Company to be 500 ans promoted by the Burma Shelt Group-- the Angid - Saxon 4000195 Petroleum Company and the 2000 @ 16.20 Burma Oil Company - Indian 20 investors will have the oppor- timity to subscribe. 20,000,000 ruper

£1,111,100 (about

HK Land XD 02 G115 300 v4 #3 Blimpleys. 10.20 Really. 2.60 2.65 O

UTILITIES

Peak Tram ---(0)--Mware ---42

Peak Tra

(N). 21.10

Star Ferry.. 128 C. LIDA (0) 13.40

c. Light. (N) TAIL Electric 275 Macao Elec.

Telephono... 22.10. INDUSTRIALS

Sement

600 23.20

29290 4 09 2010

sterling),

The Standard Vacuum com-

refinery

is expected to

123pany

1240 cost, including working capital, zak about 35,000,000, doar about

£12,000,000

The sterling), Standard Vacuum's Indian Com- party will spend 4,800,000 rupees (about 2)

£140,000

20

sterling)

finery for the workers,

SAVING DOLLARS

L

to

STORES, ETC. 10.00 19.00 500 10.30 provide housing near the ro

Dairy XD. 23.40 231% 2900 ( 23.40 |}****

Watson F

ECOTTONS WO

2024.AZY 500 Crawford,23,39:231% 200

Textile Corp, 9.60 5.70 "MISCELLANEOUS

Yangtze 4.70, 4.09

2312

The capital cost of the Caltex

40

Frennery and the working capital

2315

The Rubber

Markets

Singapore, Sept. 24. After opening, casier market

was very

hesitant

the

is estimated at 15,000,000 dollars Cover £5,000,000, sterilng).

Indian Wade circles slossy that one of the results of the es- tablishment of the refineries will be the conservation of the

· equntry'a, dollar résources, now - used on imports of petroleum products,

In future, the imports will be mainly of crude oil which will cost less that the refined products.

It is estimated that the moo result, In the saving of foreign,

Manchester exporters say the two categories of Japanese goods

"The eest of buliding drydocks I do this of on that British There, was, a belter tone in the exchange to the extent of 00,- being allowed into East Afcien from May are not those in which the British textile indus- to take vessels of over 900rt. In the matter miust

economie

the Icternational Monetary Fund, officials are reported to have said. But it would only fasting "hard

was

afternoon."

No. 1 rubber per ib,

Nov.

Doc.

No. 1 rubber cor

Oct.

to produce a enough ed most traktlonite price changes had much interest. The length would be prodigious," said } cond" intereintionally, and the eight to ten months would be concern to needed to show whether thia

wis sv-Chitia Maft Special.

average was up .10 and utilities

WAS

the

the

Oct.

No. 3 rubber per

Nb. aber per 1. Oc

115pot; rybber" unibased

Blanket repe

6236-31

01-01 Oct 094-00,

DG-361

*8115-8235

no=71 Untied Frost. LONDON MARKET

"London, Sept. 24, rubbot'*-' market

Nov 3 pale crepe

New York, Sept. 24. The stock market finished the same way, as it started today's session, by showing quehly divid-

be of cat either side of Wednesday's clos effect on their trade will scarce- Mr Hull; "and ly be noticed. ing, The Dow Jones Industrial With the carlier announce Ministry of Transport and

of

Trust. I have no means Clyde the backlog for priority 20, but rails showed a loss of British textiles caused by the of estimating what the cost of 22. The turnover for the day

at congestion

Mombasa, the such a deck would be, but that 1,020,000 shares.

arrangements for Japanese goods there would be seven figures In Amang the most active ore considered to have given the the price is chivious.

textile industry "There are still comparatively stocks today were Studebaker, British cotton which closed at 22%, a drop of an opportunity to maintain a few of these very large ships in which valuable export trade-China the world, and I feel, therefore, and General Motors at

the problem is one which ci 551⁄2 showed again of 4. Mail Special.

for the moment mainly at the Total stocks dealt in WAS

door of

of the public authorities. the trustees That

have

faith In

£2 to 2031. Three-month.Estate rope Pet. intention to build west of the tin was quoted at 2000 per tick

V. Dock a new long ton. Prices closed as fol King George dock which may cost £8,000,000 lows:

a construction period of VEDrs. Con # be that on / Spot tin, buyers annow coment will soon be made

of while 403 issues ad-

Was

LONDON

TIN

MARKET

The sigady.

No L 351⁄2 mot London, Sept. 24. Huitrenk

Fattentent The tin market was barely Green market eft Desis

1026-2026 int

2012-107%

,1025-2076

unquoted

(2015-nom)

1996 [eaw umeko). Domestic contricle cd,' 348" officials and prominent business-beld steady as traders twitted showedged and 209 NY. Catton Prices the future is evidenced by the steady. Spot "tin was down, 1969 K 11399)

men on Friday before returning developments In threatened

to Singapore. This is the Consul-month-and strike of dock

profit-taking cartier prico

General's first visit to Penang workars. Futurs pricus chap as hardening, which was led by since his appointment here more follows: than two years ago United

Press.

London Foreign Exchange

New York Montreal

Tabordam Beds

Zurich

Copenhagen

Parte

Blokholm Deutsche Mark

IJsboo

Dooled Mark

London, Sept. 24.

2.00 3/16-2.000/10 2.75-3.701. 10.01-10ALL

·2:30-340・

117.083-10.50 17.73 12.17

January (100)

March

July

New York, Sept. 24. Prices of cotton futures closed heavy industry shares and was today as follows: shid to have been prompted by Spot new

thoughts of

possibly Tree. efforts.

up defence

Sade from the "mild"

"the" did.

March 1954

May

It July

Muny

Oct

day Ded.

Contract No. 4 (world),

Dalsber

3.20 romina)?

in

follow, up yesterddy's: paring of recovery unins

Some quarley wold the cur

Beptember Spot-(centa per ib. fol

Cuba)

Contract No. 6

November January (1054), March May

July

geplembor

November Spot-fcente per iij. cit

Bio bid 5.10 nominal

1.00 k

mainly by Interest March some specialities and the met that no effort developed to

37,68 33.08

35:44

23.02

that

are

ited Press.

I

The for

and other concernéd

"sollers

sellers

Orgeously to tačkið Thainee

orner

it would be probably bald to him, he continued thắt the trtistes had always been to keep this' rates concerned down,eht

that the

they were only. 75 per cent above the pre-war the moment, and also Aguro at

'schemer the big improvement might cptain of the outset a rist

Copra Quotation New York, Sent, 24. necessarily main termination Copra was quoted at 1198 per

rent interruption clic not

1.08 nominal of the stock market's rebound short ton, elf Pidie Coast rates, but did not increased

from the 1983 low, since fochal-Coconut oil wou quoted at 14% cally it could conceivably carry cents a pound, elf Wost Count

Mall Special. further Ching

Unitel Press,

NY ex-dock), ******* 6310

-United FresE

Kiloited Press.

Bejtlement

thin

000,000 rupees to 100,000,000 rupees (about £3,333,000, sterling to £8,555,000 sterling) a year.

They add that the substantial foreign investment fineries and the confidence it signifies, may create a clinato

avourable for

furiber Lange scale investments in their Baale Industries of national” “izbor.. tance--China Mall Special,"

Prices Were

Too

High

Tolero, Santi 24.

The negotiations between, the Bratzilions

Embassy

and the

United. Press. NEW YORK MARKET T ** Now York, Sopt, 24........|Japán Machine" - Exporterà Meso- Rubber, futures, closed, totjoy akitior for the expect to Brazil 20-25 points higher with sales of of amuurn tubes and audio pruts Worth US$5 million have been 22.78 bid subpended topdra Dy

611

d-month tin, buyers

600

007

02 contracts,

March 1954

-United Press,

May

July

JAPANESE BONDS

ponnese, bonds

Londin, Sept. 24,

78

་་་

Bept,

22.05. bid price question, sho

22.00 bld

22.00 Did

"United, Prest.

Brazil had' demand delivery 22.00 Bid wax, three months, but anally accepted divé monina, offened by Japan. Atv se dak, the prices too thigh

Exchange Rates

Business, was dong sa tanical moficial, exchange market this morning at the follows rate U.S. dollar, (per 31)

"was' considered too

The dret estlanets i

Handed in

in by Japanese expocters of Tadio caris Eberry by the Brazilian Embassy, which asked (5.95 for Fanoižter *ཝཱ

10266 downsvard But, und, sorenes asičn Bere per 100) 20.10 mate Turned out to be more costly

Kho thi nh

Income usually 'intrch with 'prob

Hd grosalve efficiency?" always found it so.

had

"" (Tokya 56 of 1911) Consola

1001

Stan Ticals (per 100)

“United Prise,

dals Singapore Strafia)

22.7

1.10 than Indo-China plastres; (per 100) DT, Special