Australia Will Press World Shipbuilders
For A Review Of Imperial Preference
Melbourne, Sept. 28.
Two Australian Cabinet Ministers are leaving for London in October to press for a review of the Empire preference system which they claim favours Britain at the expense of Australia, authoritative sources here say. The Ministers
will head an Australian party at the London Commonwealth Conference preceding the General Meeting on GATT late in October.
The Ministers are Mr John McEwen for Commerco and Agriculture, and Senator Neil O'Sullivan for Trade and Cus- toma.
The snurres said the Ministers will preson proposals strongly favouring the retention of Em- pire preference and will seek Commonwealth support for
11
Jhe
move in GATT to cancel "her new preferoncos” clause in. i the agreement which prevents Commonwealth countries In creasing margins of projection.
OVERHAUL
Canberra Rources Haid the Finance
Arthur Minister, Sir Fadden, will also put forward a case lo review and overhaul Empire proferences when he Joins
Commonwealth
October, before the IMF meet. ing.
The New
World Cotton Finance Ministers in Ottawa in
Markets
New York, Sept. 20.
tions accompanied a less active trade in cotton futures today.
Small alternate furries of
Narowly irregular fluctuo-
hedge scliing and realising
balanced off a routine domestle mill on exporter demand. Somc replacement buying after Mon-
day's sharp reaction cushioned
the declines.
Menzies Refuses To Be Drawn
R.
'Canberra, Sept. 28. The Prime Minister, Mr Menice, refuged under opposition qucation- Ing today to Jülete the House of Representa- tives whether the Governz, tuant"; planted to Impose
restrictions
Me
unposition member,
Thomas Androwa. asked if they would be Introduped
of the law of the balance of
Siqnalu Keon, held that the Prime Minister should make an announce. ment because there is un- cortalafy in buálness and
rush of
Imports When the ter refused to be' drawn out. Mr Acan safi::/:"You will be too late as you were lost lime.”—Reuter.
fier Labour Member,
Minis-
HONGKONG STOCK EXCHANGE
(Frøm Our Correspondent)
Running Out of Orders
A Financial Times s Correspondent London, Sept. 28.
For the past eighteen months shipbuilders in ́almost every country in the world have been | building ships at a considerably faster rate than
they have been receiving fresh orders.
This is still the case in the U.K. shipyards, but there have recently been sighs that on the Continent, particularly in Germany, fresh orders have again overtaken the current rate of output Why is this? And what can the British ship buikling industry do about it?
F
German yards can build ships more quickly and more cheaply: than British yards; they can promise firm prices and much! shorter delivery dates; they, or their backers, can offer more |attractive terms of payment.
first It looks, al
slkbt, s though greater efficiency in Bri tish yards could tone restore the balance on all these counts. But this is extent.
true only to limited
Much the most important of
NEW YORK
STOCK MARKET
New York, Sept. 28. Industrial shares on the
the advantages which Germany New York Stock Exchange enjoys is the ability to promise closed at new high ground how 'n Axed price for, shy, a tanker to be delivered before
the end of 1980.
since 1929 despite some late profit-taking which shaved gains considerably.
Most large British yards could
Improvements in the Indus- Business drae on the Hong-not offer against this better than kong Stock Exchange this morn-
In price which would be liable trials at the close worn mostly to $380,100.50. to Increase, and a delivery date in the fractional zone; Auto- ing amounted Zealand Prims Noon quotations and the morn
រំប 1950 or 1969. The reason motive shares, however, finishou Minister, Mr Sidney Holland, ing's transactions.
for this is that British ards with gains ranging to more than brave ap average of about 3 2 points.
They were strong work On their order throughout the day. A Derw books compared with 16 months chemicals also
15
tacked on good or to In the case of the Ger
grins. mans. But, of course, In some degroo this is a disaffility which
said that New Zealand would be represented Commonwealth | SHADES BUYERS SELLERS BALES Yours talks in October on the Ottawa | BANKS
XK Bank Agreement Preferences by the
INSURANCES Secretary to the Treasury, Mr Union Hernard Ashwin.
Underwriter SHIPPING
Asta Nav. DOCKS, ETC.
Mr Holland, who did not slate where the talks would be held, vald they would follow pre- liminary discussions at- Olfawn by representatives of Common wealth countries which are At the close the list ruled aff parties to GATT.÷Ching Mall one to up 9 points. Opening Special. prices were off 7 to up point New Orleans clused oft 3 to up B points.
of 30 delivery World Rubber
The issuance notices accounted for nome spot month
10 liquidation
the forenoon. Open contracts In October had been
whittled down to 71,100 bales at the start of trading today
Experts thought the market was in the process of consolidat
Markets
Singapore, Sept. 28.
The market opened, steady on trade support but cased on same
1130
910
B
We, 25, 500...
#0 Provident (0) 14.60 14.20
K. Whet
BOR.
She Dock 1.40 Wheelock... 7.70 7.80 2800 m 7.18
LAND, ETC.
HK How
HK: Dard
'S'hes Land Humphreys Krally UTILITIES
Star Ferry.. Youmati
Terry
10,30 101
20,20
cures itself; as the order
book
Chrysler stock met 'demand today when the Company dis closed that it was going to malco
grows shorter, so does the 'n strong bli to recover some af | delivery date.
GERMAN LEAD
Nevertheless, it remains true
markets which it lost to: General Motors and Ford: Ganerni Motors met demand be cause of its plans for a big sale that, even if the disadvantage drive, coupled with its -largo
long order hook la ignored, Army gun order.. 300,46814 Germany is sull ahead of the UK. in production time, costs, and credit terms.
1.35
2.10
18.10 10,40 450 8.10.20
121
157.-130 --20:49 150 200 187
of
Without greater outslic asalat- ance no British company could match Continental credit terms, but in reducing the cost and in
the
.of technique Industry
TOTAL SALES Bales today totalled 1,800,000 shares.
Of the 1,178 issues traded, 341′′) closed lower, 359 Advanced and 283 held unchanged.
In
C. Light (0) 15.50 15.00 500 10.40 dream there is much that roup, General Motora "clopedi
the strong automotive
with a gain of 21 points to $98 At one time, it touched an
high of
Club, Pork Lane, In Nocusing its position after last week's Icest selling. When this had INDUSTRIALS 2015 27.10 100 21.70 annet, in this country, go over Chrysler finished at $07%; UP,
Airship experts from Britain, America, and Germany are ex- The Freighter is an economi-pected to attend a Lighter-than- air Reunion at the Royal Acro cal, sturdy alrcraft which
with cora
their carry three
Among the topics for passengers, About 100 have al-
possibility of resum- ready been sold, and it is sull slon are the
airship construction though it was ing in production, be in the region of 500,000 lbs.
Britain and a memorial to com- first introducext six years ago, It may well be still higher.
of memorate Recently the Freighters
the first
successful One of the advantages of the
is that is Silver City Airways established crossing by air of the Atlantic tomic power-plant fuel consumption
record by making 222 Channel Ocean by the airship R34 in July will
in negligible for
one day between 1919. practical purs crossings
n.. and 8 p.m.
Airship pioneers and caplains, poses. The corollary is obvious
of their that in future, lunding weight
Landings and take-offs were members
crews, and of much taking place at the rate of one designers and constructors will mevitably
the airships will be present. of take-off every 80 seconds, making
of the most Intensive day one
Men who were concerned In in the
At ucting airships
the In order to give high per-commercial operations
of alr
great airship centre transport.
of formance, and keep the size of history
One of the fastest the aircraft within reasonable
airborne Cardington, near Bedford, will proportions, high wing-loading rescue operations recorded took be
there to be place in Yorkshire recently. for take-off will have
higher proportion weight.
be
remain as
No. 1 rubber per 15.-
G
help themselves.
to the two or
two or three shift system 25 20 20.40 700, 2020 in the shipyards which is com after reaching $08. Other
Automotive shares did little. worked in 5002330ind and Sweden. We have holder in General Motors, stood Germany,
Du Point, the large $7.40
stock 21.1021-30 300 2120 not, furtunately, got Gosmany's out in its group. It registered
poo! 1600 24.29 Boating
of unemployed 10.00 We cannot, ma should not, seek gain of 3 points to $14714. to reduce our wages to German At one time. It was traded at 0.03or Dutch levels.
In the main industrial group,
Now York Stock: Be«?
band volume
in
bale
Oct.
a dollar DI sinco been
Trading volumes and open in- terests in the Exchange today
Volume Open interest
14,500
rise to new seasonal highs, and Been absorbed prices .ognin Cement a cumulative advance of $5 in
hardened but closed slightly-of from the level exisingust. There was little factory junt
before the Government's enquiry and some off take a STORES, ETC. September crop estimate.
Japan Future closings Hittle
more than
Watson ... 18.09. 430 that guin has crased
1500 C. Light (2)-121% 12.60 -500 1000
both Electric 314 31 700 6 31 de
Telephone
1016
uides of the
do to
23.00 10 10.10 600
500 4
10
0,80
$7,000
Dec.
101,400
Mar
52,100
018,400
May
53,100
403,400
July
33.300
273,400
Oot Der.
Total
· 1,000
2,000
16.000 67,000.
209,100 2,411,900, tilga NEW YORK ·
The massive alrship sheds at Two Royal Air Force Jet Cardington
at 20,000 3minder of the days when it As fighters collided
henr over farmland
Driffield, seemed that Bedford might be Saunders-Roc Both pilots baled out using their come the world's greatest airship
coupled ejector-seats, and other aircraft station,
sceldent
accepted, Wing-loading on land- ing will be much the same at take-off, and a long landing-
will result. believe that this fact,
חנה
with the huge size of the air- craft, will put the landplane out of court.
The son •ffers
unlimited length
which witnessed reported
the
by wireless to their
miles away.
base at Linton-on-Ouse, forty
A Bristol Sycamore helicopter of the reunion, was immediately sent out to believe there is still a future pick up the two men, and it for airships in a peaceful world, runways of was actually airborne
before
and that by using hellum the which are one of the pilots involved in the only cheap, ready for use, and inde- crash touched the ground with eliminated." structible. Hence, the conclusion his parachute. Both pilots were He believes that really big is that the flying-boat is the back at base within two hours airships, metal clad, and capable natural medium for atomic proof the accident; it would have of 80-00 knots, pulsion,
Behind the
асто- scenes, dynamic and hydro-dynamic re- search has been going forward asteroids
which will enable Saunders-Roe is reported Pipsqueak" planvis !amenities comparable with steam-
to design lying-boats of
were: Month
Prices of futures closed today.
33.50-80 38.27-21
35.54
SABABATER
1985
Oct. -TO-7/16-15-D/16 Nov. 09-075|| Dec. unquotat No. 2 rubber per_m.
Oct. 0814-04 No. 3 rubber per tu.
Oct 0114-0721 No. 4.rubber per 16,
Oct. 87-6731 Spot rubber unbased. Filanket crepe No. 1 pala crope
NEW YORK”
Futures today closed 24 to 25 points higher with sales of 67 contracts.
L. Crawford COTTONS
Norgyang
MISCELLANEOUS
Yangis..
Allied
5.85 1000 4.13 4.20 2000 4431
Chicago Grain
Prices
Chicago, Sept. 28. Prices per bushel in cents.
Closing Prices
The higher trend reflected the Wheat. No. 2, red * higher cables, plus the scarcity. Spot
of shipment offerings from the Dee. 218(31) 214(13' East, and a broader buying in-
LONDON
The markot was steady with Nov.
› The shipbuilding
$150.
companies steel shires, did Uttle.
can increase the speed at which The their yards are being modernised change Fond the unions can eliminate $2.002,000,
Tho -American^^ Stock – Tic- the petly demarcation disputen
volume Shango
was 380,000 which delay output.
Tho
DOW JONES AVERAGES Dow Jones closing averages on Wall Street today waru. allows:
companies are already putting a great deal of money Into the reorganisation of their yards. But if they are to catch up with the Germans, who had the advantage of staring with
clean sheet after the war, they so zail ought to be investing even more 211-21 money. This is 2001 which
21116· 2143
215
15581
A
industrials
matter to
16 titles $3 stocks 60 bonds
Comm. future prica the Chancellor of the Exchequer should
Jat give
1404-3% attentiön.
Equally the unions
should put their house in order.
United
The change from riveted to New York Sugar
welded and prefabricated shipe
is as great a change as was that from wood to iron. It requires the labour. 'In
&
changed
structure
force. The present: plight of
some of the smaller yards should
Market
Now York, Sept. 28. World No. 4 sugar fulcred
wales of 123
203-26334 be a suffelent warning to those thosed today unchanged to
with still point higher 20734 | trado union leaders who
struggle to preserve methods contracte, which had outlived their useful nos, 16 years ago..
207-26714
3000
pan-zeo
as follows:
. Spot
*
Oct.
Doc.
May
Afar.
Sald the organising secretary
May
July
terest anong factories in the July local spot market.
Corn. No. 2, yellow
Mr J. Fairley:
Oct
Dec. Mar.
Spot No. 1 Ras were quoted Spot 24% cents a pound. ---
Future closings:
Dec.
Mir.
MAY
158
NEW ORLEANS
Judy
250%
roal danger wil Ene
Dec
24.99-25.00
Rye
Prices of futures closed today
Mor.
Des.
as follows:
May
Mar.
1903 -242/2
OF
by
QUE
Indiana
could provide taken at least twice as long 10
two-day Allanife crossings with recover them by rond.
Discovery of
of almost 800 new 200 passengers at fares and with
ships
t Spot
July
Oste
Sept
Dec.
Dec.
Dec,
Mar.
Mar.
May
Boybeans, No. 2, yellow Spot.
263n
July
Oot.
Dec.
Mär.
c
LIVERPOOL Closing
American prices. wilduling, 15/16 inch, in penco Dec. per lb, were as follows:
No. 1 Ras spol quoted at 21-170 Jan pence per ib. Prices No. 1 mot gir
Settlement house term:.
Mar.
May
21-213%
July
Nov.
spot
Harley
Jan./Mar/
Oct/Nov.
Dec/Jan.
Mar/Apr,
32.70 32.89 32.09
Apt./June
July/Bept,
General markets; cif basis, ports:
May/June
July/Au
.33.04-05 Oct.
Dee. Estate crepe (thick
in
Note: The "Ami
price were not.
Gala
United Fress,
Det.
Bro
BRAZILIAN CRUZEIRO
Oct.
Doc.
May
New York, Bopt,
the University, astronomer who said size required: In fact 60 por the findings should help reduce cent of this size has already a potential traffic hazard of any been achieved in the shape of dure travel in spaceships. the Princess boats. This fact indicates that Britain will be
engine.
the
** SAO PAULO
Futures "closing prices cruzeiros per kilo were as fol lows:
man who was experiment- with heavier-than-afr machines
before the even Wright Brothers 'met withi success is Mr Reginald M. Bal- Dr Frank
Edmondson told stan, of Boughton Court, East
Astronomical Sutton, Kent. American as quick to lalte up the challenge Society that the tiny
heavenly Now 83
Mr. Balston has of nuclear propulsion As sho was to dovolop the gas-turbine wanderers-ranging la diameter always claimed to be the first from two miles to 60 miles to have flown a propelled model Air freight in Britain is a had been spotted during a five- aeroplano. He bulit this model business which is going from year search.
when he was a boy. Many people have said that his claim strength to strength. One com»:
was justiBod. City
Some years later, ut about
Mat, theme Bleriot flow the
May He sold work - waa, now pre-
Mr Balston was July grossing to compute
their rig with a bird-like- on the cross-Channel routes orbits, or pathways through aeroplane, of his own; design (En: the United States, "the j
space, so they could be added The body was bullt to the list of other baby movements in the UK were up whom orbits are already known fitted with h®, 25/h.b, engine [pound. Saleswat-theso teatro, by 40 per cent as compared with Asteroids are believed to be the nequired from Mr (now Sir) Lotoed 87718 beles) Un
The Transport and Civil Aviation ploces of planets which exploded Froderick. Handley Pages The Prow 47.718
Silver
Airways,
-pany,
started in 1948 by carrying 70 vehicles across the Channel in Bristol Freighters. In 1958. it carried nearly 40,000 vehicles
In July 1084, air freight
of
, Oct.
Den.
28.00
average price of 15/10 fiddling of cotton at 10 designadspot bicycle tubing and it was markets was 3472: cente
chunks propeller was above the
But all attempts: 16 gerihis
reports that this, mubstantial, Ripal Agomor perhaps Bich never || Increase (to a total of 14,110 of planetary material short tons) was mainly due to became assembled into a foll-size birds overly round increases in croen-Chamel ferry planet, The biggest known fall trame: This frame:Flarly asteroid is 400 miles in diameter. carried by Bristol Freights Edmondson said the discovery which accounted for over 10,000 would helpin charting the
tons, 1.0. 70 per cent of the total The operations of Bliver Cil have Brown no rapidly that m edmpany has "bullt":"unit"openi a new airport, Ferrybeld; wh
intuali
Nav
New York, flour,
200 fb, ck......
$14.50m
Unlied Press
WINNIPEG GRAIN PRICES New York Foreign
Winnier, Sept. 28.: Prices per bushel in Canadian
Exchange
Closing Prican
Jaebf3/28, 2
Now
Canada England
Bauth
Holland
Githers were
Domenile No. 8 sughr closed 2 points lower to 1 poirs higlies with sales,
markets pending developmen
London Foreign
Exchange
BRADFORD
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