1957-12-12 — Page 9

SHIPPING

CHANGING OF SHIPS' DESIGNS

London.

has been confined to parzsenger liners, where lighter-weight high up in the ship adst stablity (and saves displacement,

her

The 18,750 gross tons · Nor- wegian-American liner Bergen- afjord, built last year for the Norwegian American Line's The effect of outside events trans-Attanile trade, has

on ship design and con-complele structure above the struction in variable. It promenade deck the highest has

that steel deck extending fore nfl-built of aluminium, welded, and resulting in a weight saving of 500 tons.

#2122

All- nel

Haid been greatest progress is made when freights aro bad

Contemporary with the grow~ ⚫ and When slump con-

ing employment of light metals ditions exist in the ship for superstructures of larger building and marine en-ships is the use of plastics and alled materials for cabin bulk- gineering industrien. People who believe this refer heads, cabin Stments, furniture to original ship layout and pro- and decoration, pulsion produced by the Ger- when mans during that period normal shipbuilding was denied to them after the second world wer. On the other hand, no one can deny that a period of full high freights order books and in the last few years has also resulted in some unique designs

and methods of propulsion which will materially affect the ship of the future.

CONVENTIONAL

The changes going on in ship design have not passed life- Flur- caving appliances by glass is being used extensively of today for the construction

feboats.

THE CHINA MAIL, THURSDAY, DECEMBER 12, 1987.

TRADE

and

COMMERCE

Wall Street Stocks Hold

In

A Narrow Area

New York, Dec. 11.' Stocks held in a narrow area through most of the session today with a rally from the lows developing in the last few minutes of trading. Traders concluded that the stock market had shown remarkable restraint against a decline in the face of many adverse items in such major lines of business as steel, automobile, and railroad plus a rise in un- employment.

On this basis some turned to Sterling Thug Co. the buying side and some bears Stokely Van Cay, Staebaker-Packard commit-Sunalne. Mining covered part of their

Sunt & Co.

ments

Du Pont turned a

loss of Textron Inc.

nearly a point into it rain of more than a point. US Tabacco run up more than a paint and The conventional postion of

set a new high. Polaroid madic these on the hull is now being a new top on a rise that at i questioned, with a view to sec-high amounted to more than 4 Three factors have conspired ng If these weight-taking appli- points. to bring this about, tw, grad Cronot be housed in spaces and one sudden. First it the dewithin the fore and aft hull mand for bulk cargoes, the ines, This is to be carried out opening up of new bulk cargo in the ease of the new P. & O. routes, and the call for ships to carry iron ore, either separately or as an alternative to sil; bauxite; sugar in bulk and U.S. cool across the Atlantic.

FUTURE

ner, where

the boats will be nearer

low down in the ship. the water, not thus again will save top weight,

their

Though Brehonts are not like- ly to disappear completely for

generation, erhaps a hitherto unquestioned value is being assailed by thor who be

leve in the safety and work- rubber of Inflatable of abiitty tons ilushies. machinery To sum up, mainly been

This has affected the future of the standard cargo carrier, a shelter-deck tween-decker between 9,000 and 12,000

with deadweight amkkhips, Its place

hinery.

115

f

is being the three prline factors mention- taken by specialised cargo linersed above, a reassessment of kujt with machinery aft. and some-layout is taking place. Not only times the bridge there alse, and the position of machinory, but with compact propelling muc- the type employed, is being

examined. Our reason for tak Secondly, in recent years linering propulsion machinery services have suffered from slow compact as possible is the ever- to de- hercasing hotel load, to which turnaround in part due

and refrigera- layed carge operations. This has air conditioning

guarantee lon generously contribute. made it difficult to

passenger A trans-Atlantic fixed schedules. The result has

of uneither of 20 knoty speed requires construction heen the ship, the Southern Cross, to carry 90.000 sh.p. On the hotel side passengers only and no freight; lotni nir conditioning requires at and the total least 3,000 h.p. and a tendency in the P. & O.

45,000 hotel load is about 6.000 kv. Line new and Orient

For such ship there is, as for tunners to cut down cargo space to the minimum. The time has ala propulsion is concern- come when the passenger liner will merit that term in the true sense of the word, and this is already having a big effect on design and layout.

SUEZ CRISIS

Thirdly, the Suez crisis the duabtful

future

ed, only one alternative to gear- water tube drive. turbo-electric ed turbines and boilers; With modern boilers 90,000 h.p. can be supplied by three units.

engine

On grounds of fuel consump- tion and perhaps on nuitaten- andance, the gas turbine does not attractive of that appear universally waterway has caused shipown-10day. Up to powers of 20,000

Wesel ers to ask their naval architects per shaft, the direct-coupled, to produce ships capable of direct-reversing operating economically from the burning border oil has much to

the Middle recommend it. Ile position Far East, or from

being challenged by free piston oil Enst oil fields, round, the Cape.

areshers and by high-speed Some tanker owners

driving the some planning ships of between 80,000 engines

deadweight through gearing. anal 100,000 tons with speeds of up to 17 knots. passenger ships,

New

eargu

liners, tankers, or bulk carriers, JAPANESE TOUR

intended regularly to trade from

the Far East or Middle East to U.K.-Contine

vr

is

Sulphur shares continued to respond to firmer lees. Lukens Hained a point and Inland mor

then a point in the Bitch group, Paramount rose more than 2 in

Tou up nearly 2 the amusements. Union Carbide

nad. U. S. Chrysler

Steel insocs. halved carly

Olls d veloped a better market with Jersey Standard leading the;

market whole

in turnover. Parke Davis was a strong spal in the drugs,

The early decline brought any issues to new lows for the year and lunger.

Of the 1,181 issues traded, 507 declined, 389 advanced and 246 held unchanged. A total of 107 and 8 stocka hit new low touched new highs.

UH, Fall "D"

Jo 10%

United Gas Comp,

Corp.

30.3. Gypsum

7

U.S. Line Co.

202 1.9, Rubber.

641

11. Steel...

21

40

Zi

Tide Water Amn. Ou Time ine, two Fam Twentieth Century Unfon Oil of Cal. United Aircraft

U., Amelting

Warner Bros,

Westinghouse Electric

Western Union Tel. Co.

271%

2426

HONGKONG STOCK EXCHANGE

Our Own Correspondent

Business done on the Hong- Stock Exchange thla kong morning amounted to approxi-

Noon quota- . mately $270,000, tions and the morning's trans- teilons were:

Bhares

BANKS

HK Bank

Buyers Bellars

Sales

050 10045

2914 INSURANCES

50% Lombard ...

19 Union

32

424 West Va. Pulp & Papnited Prem.

54

NEW YORK COTTON MARKET

Now York, Dec. 11. Cotton futuros turned irre- gularly lower from a pro- vious two-day rize which lifted current crop months to seasonal highs.

net

Closing about mid-way bc- tween the highs and lows for the day, the list showed losses of 4 to 10 points. Opening prices were up 4 to off 4 points. New Oricans elosed off 6 to 8 points.

NEW YORK RUBBER MARKET

New York, Dec. 11.

DOCKS, ETC.

K. Whert..

100 70

117

*6.00 100 4.85 2,000 LT 56 1.00035

Pvident (0) 11.40 1170

Wheelocka.

0.00

LAND, ETC.

LIC Hobel 14.70 15

IHK Laod

Humphreys Feally

A. Nutter

1. K.

UTILITIES

Tram Yournal

Rex rubbar futures today Electri

to 20 pointa

cioard 10

higher with sales of 199

contracte,

Mar:

324 35% +

100 33 13.00 1.33 1,40 5,000 1.33

1.40 10,000.0 1.375

SECTION

Soviet Loan

Page

To

Egypt: Final

Shortly

Talks

Cairo, Dec. 11.

The Egyptian Minister of Industry, Mr Aziz Sidky, has announced that he will visit Moscow shortly to arrange final details of the Soviet 700 million rouble economic loan "without strings or conditions” which was agreed last month.

of

Priority projects under the loan include an expansion iron and steel production, at present 200,000

one annually US COTTON

AND RICE FARMERS

to 600,000 tons, the construction of a shipyard at Alexandria, the petting up of a locomotivo and tractor Industry and of all re fnerles, the import of drilling and mining machinery, for oil... and mineral exploration, and a coking plant,

The Minister said the loan would tide Egypt over the most 22.50 celtient phase of the Five-Year Plan. So far only E£20 million 203 17.10 of a total of Ee 160 million re- 1.100 e 2710 quired in foreign exchange had

600 14 20.00 I been invested.

2006 24.50

$1.00

23.40 22.70

300

C. Light (0)

XD

B7

17.20

23.00 20.80

1,000 28.70

2002670

23.50 29.80

000 r 28.20 21.GO

27.39

$0.10 10.00

11.00 11.00

14

Teleptrang INDUSTRIALS 30.30: May: - Cement

Jan: 30.25; 30.03: July: 20.00; Bept: 19.76; Nov: STORES, ETC.

Dalry 20.00: en: 29.56.

Standard contract closed 10 Watson

to

20 points higher with sales reported.

כון

30.20; May: Jan: 30.23; Mar: 30.06 July: 20.00: Sept 29.75; NOV: 29.09.

away

After early strength, prompted by the rise at London, terminst

prices backed market from the highs under re-selling by early buyers and incretsed New York Stock Exchange

December

int!- hedge offerings. liquidation,

of the bund volume wi: 50,180,000.

American Stock Exchange cipating expiration

contract tomorrow, joined volume was $20,000,

Dave-Jones plusing aretages were weakness in grains, and

439.20 slow-down in textile market 50 industrials 20 vals

07.75 netivities in putting prices 245 on the defensive after a mixed

85.40 start. 191,18

15 utiles

65 utneks

Comun, future

40 bond price index

Closing Prices

Allied Ms Inc. Am. Drake Stre American Abline...

Am. Cables & Corp. American Cyanamid Am & Forge, Power Ain, GRB & Mectric Am. Maci & Fday.

Americon Metal

American Smelling

Am. Sugar Jef.

Amerien, Tel & T Armco-Sicel Armour AU-E

Cor Mining

Beneficial Finance

Benguet Coni.

Boring Airplane

Bendix Aviation Corp;

Burroughs Add Machine

Cu,

Bordea (The) Co.

Compbell Sony

Case (J. 1.)

Cat Truelug

“

American LOS ANGELES PORT.1. T. Financial Corp.

ports "via the Cape must in- trease in overall alze by me

25 per cent in order to maintain

a reasonable schedule.

All these factors luvalve a re- assessment of ship layout und Although conven- propulsion. tional steam und diesel machin- be- cry still enjoy popularity cause of their known qualties, attention is being devoted

alternative methods

which

either high speed oil engines driving electrically

Thirty-nine

Los Angeles.

high level und officials

Commerce

recently Diamond Alkali

Japanese Chambers of representatives took a two-hour boat tour uf the Port of Los Angeles as guests of the Board of Harbour Com-

missioners. or through

welcomed were even perhaps atomic propulsion, Acting Mayor John S. Gibson,

Chore Manhat. Bank Climax Molybdenum Chiett Peabody Colgate-Palmolive Co. Colombing Carbon Co. Commercial Credit pa.. Contutenial Oil et Del. Crown Zellerbach ... Cuban Amer. Sugar

Diamond Match Co Douglas Altcraft Dow Chemtents Dupont de Nemours

Eastern Airline

Eastman Kodak

El Paso National Gas

General Electric

20.05

NEGLECTED

Factory consumers continuod with Indifferent, despite reiterated re- the ports from Amsterdom that very would be shipped little rubber

out of Indonesia during Decem- ber. which ordinarily should affect the March position on the terminal market.

However, consumers appeared to be unconcerned about possible May deliveries were relative-interruptions in the flow of sun- ly neglected. Scattered selling plles, paid little heed to offer-

that sector coincided with ings in either

in

летуз

Benson's

LONTON Texulo

Nanyang

4.00 4.50 9.10 2.30 1.300 + 9.20 1,278 1.325 22,720 és 1.30 1.000 € 3.33

MISCELLANEOUS

This .... Rubber

Yangleze. Ayer Tawali Sungala ....

1.30 2.15 3.27

1.43 3.35

New York Sugar

Market

New York, Dec. 11. World No. 4 sugar futures today closed 2 to 9 points lower with sales of 469 contracts. the shipment or

contracts Domestic closed unchanged to 2 points lower with sales of three con

rents.

of agriculture Secretary deliveries markel. Spot No. 1

Ass was quoted at 30 for dis- request

nominal. 11eretionary authority to lower

price supports on basis crops.

Uncertainty over future farm legislation

SINGAPORE

No.

G

Now

THE GAP

another E£62 million would be provided by the Rus- sian loon and the remainder could be raised from Egyptian exports. "The Egyptian economy is well eapable of bridging the gap," Mr Sidky sald.

He added, "we would wel- come, however, assistance from any direction.

We are always open for concrcle proposals, but no such proposal has been re- colved of late."

The Minister announced that board would shortly a specia! he set up to administer the loan and decide what proportion of private capital could be invested in the projects.

REPAYMENT

Plan

Washington, Dec. 11. United States cotton and rice

tight farmers are voiling "overwhel mingly" in favour of planting curbs on the 1058 the Department of crops, Agriculture reported here.

The Department officials sakd 4,172 or 83.6 per cent of the rice growers in ten of the 12 rice-producing states had voted for production quotas.

new

ог

They sald that 125,204 9.51 per cent of collon growers favoured planting onwols with of the vote about 60 per cent reported. The

would controls permit 83,288 acres of extra long staple cotton, 17.4 million cotton and of upland acres

RCTCS 1,852,086

of rice to be grown next year-China Mall Special.

NAMESAKES

Whorever

you're going...

Answer:-1 Writing, Figure, 3 Muscios, 4 llustrate, 7 0 Painting, Experience, It was expected that each pro- Mystic, 8 Bellet, 9 Poetical, 10 jeet would repay its own share Anatomy, 11 Sketch, 12 Inno- of the loan once in production. cence.

William Blake. Five-Year Exypt's nunched early this year, would national Income by be completed by 1960, It would and raise the E£130,000,000 per year tracts.

Liquidation weighed on the provide jobs for half a million

it workers. world

contracts, come of

The Minister also stated, "If particular equipment, can officials there minimised

ira-any feld not be obtained in the Soviet portance of the

Union we understand that we in forces

can get it from other Socialist burnings by rebel

countries." recent weeks,

But other New York quarters He stressed that all equip

the under ment purchasei were not so generally confident about the Cuban outlook.

Soviet loan would be suppiled Elsewhere, dealers under-

Mail Special, rown for Dec/Jan. Brazfilars shipment and was believed in- !

three terested in another

The market opened at slight heightened with decline on last night's prices. I w

cane

overnight news the overwhelm- Sheet covering and fresh buy-credited to Cuban government

of marketing Ing brought prices higher with ing approval control by cotton growers in profit taking well absorbed. Tuesday's national referendum. Reports that Indonesian quer- rilla activities caused the price to jump to 87 cents and there was good buying in an active market.

48% today for

Delivery nelices were issued 1,700 bales afainst the December contracts which will be cxpired in the nocu hour tomorrow,

Mouth

Volume Open interest

Dec.

7.500

20,300

Mar

41,000

240,000

May

23.700

320,700

July

28.900

100.500

Del.

12,000

141,800

301 Dec.

20,000

63,700

Mar,

3200

23,100

4014 x

ATAV

2.700

11,700

Total

40

4514

473

Prices of

cotton futures

18 312

closed today as follows:

6530

100

3016

77%

Proft taking at higher levels stood Chira bought a cargo of at international prices. — China

stopped

Kain, but the market closed very steady.

Futures:

No. 1 rubber per lb. Dea. 001%.87 JAD, B011-061

No. 2 rubber per lb. Dec. 2-4 No. 3 rubber er to. Dec. 82-82% No.4 rubber per ib, Dec. 7914-80% 133400 1,023400 bales | Spot rubber unbated ........

741-20 NEW YORK

82-51

90-87

London Metal Prices

London, Dec. 11. Prices of metals closed today late Tuesday, accepted # bid in sterling per lang ton

or

lanket prepe

No. 1 pale crepe....

four cargoes. The Sudon bought of Famosan refiner cargo

half January ship- for first meat,

Indi. Other Havana reports cated the Cuban Sugar Institute

LONDON

2524-20

futures

Settlement house term:

follows: tho The rubber market was un-for 100,000 tons of raws,

average with spot quoted at price will be

price acial world spot

spot less Tin certain

Prices: 25 pence per lb.

3 points covering the period copper spot No. 1 spot

of Jan, to Oct.

The

3 month

Jan.

26-2011

Feb.

201-2825

Mar.

20-02

Jen/Mor,

20-183

Apr/June

204-26

Julg/Sept

Spot: 33.0: Deu: 30.10; Mar: 06.81; May: 36.31; July: 35.20; Oet: 71% 34.73: Dec: 34.03; Mar: 33.85; May:

33.70.

NEW ORLEANS Prices of

cotton 25% closed today as follows: 241 Spot: 38.65: Dec: 30.48; Mar: 30.01; 10 May: 30.21: July: 34.15: Oct. 33.95. 38% Dec 33.06: Mar: 33.83; May: 337). 0214

LIVERPOOL

EUROPE

USA

ORIENT

0.9

Buyers Sellers

(0)

130%

731

132

175% 170

ROUND

180

18012

ர

09

70%

TOEP

01

01

hinery af and the bridge and vice-president

accommodation as nearly above Angeles Board of Harbour Com-

Bernard the machinery as possible is not missioners, and

Oct./Des

General markela, cif basis, perist

thin Dec.

gearing, free piston gas genera- tors, gasifers and turbine,

Family Finance Corp...

Firestone Tyre & Rubber

and

They

by

Ford Motor

are receiving attention.

The tendency to place

Jr., Lloyd A. Menveg and mac- Ellon Spires,

president

the of

General Foods..

Dr

General Molcm

35

and

Gen, Pab. VIN.

Los

Celty of

Glidden Cou

30

Goodrich (8. Fito.

6

.J.

Goodyear Tyre

of

Chu Dit

112

Heyden Newport Corp

11

Colton future closlugs, in 37% pence per lb. were as follows:

20.34; Dec/Jani Old contract: Mar/Apr 24.34; May/June: 97,01 July/Aug: 20.01 Oct/Nov: 20.79

Now contract: Dec/Jan: Mar/Apr: 27.10; May/June: 27.91: July/Aug: 27.91; GeV/Nov: 27.71.

Dec. Jam Feb.

27.34:

Flats crepe

Homestake Mining Co,

SAO PAULO

Ingersoll Rand

10

00

Cotton

future closings,

Interchemical Corp.

35

cruzeiros

per kilo were

as

International Nickel

follow:

International Paper Int'l Tai & Tel

JU

2011

25

30%

12

the port.

a prerogative of bulk carriers; it Caughlin, general manager is extending into the dry cargo ship field, in which benefits are

Menver, who recently vislied rolned by employment of the widest part of the ship-amid- the Philippines, Hongkong and Japan, reminded the group of ships for cargo carrying.

This Idea is gradually malding the "great and growing Import- its presence felt in the passenger ance of maritine comuneree" be- liner field,

turbo-electric tween Japanese ports and Los and machinery Is boing placed at the Angeles Harbour. In fiscal '57 gent att end of the new £121⁄2 mil-(ending June 30), Japan Hon passenger ship

port. Thus of 45,000 360 ships to this tons gross under construction at for the third consecutive year, the Belfast ohipyard of Messrs Japan led all other foreign Eag Harland and Wolff.

arrivals," he said.

It is reported, 100, that the "Reflecting this upsurge in 1a shipping, Japan last year took Canadian Pacific Company considering a similar arrange more than 90 per cent of the ment for its proposed third now iron and steel scrap and 85 per cotton exported passenger ship for trans- cent of Atlantic services and for cruising. through this port, as well as large shares of other exports ADVANTAGES

important to this area," Menveg

In a passenger ship the ad-added. vantages of placing machinery

afl are clear; those portions

tho

"Japanese goods arriving at

of Los Angeles wharves in vast

Inland Steel Co.

John-Monville Co.

Kansas C. Power & Light...

Kennett Copper

Liggett Meyers. Tab. 00. Lone Biar Cement Co. Lowenstein & Sons. McDonnell Aircraft

Stock Fage.)_ Mesabi Iron Corn! Minnesota Mining Misian Development Monsanto Chemical Co. Montgomery Ward Montorola Lan. ...... Naliun Cash Reg, National Dairy Prod. Nations) Lead National Steel Corp. New York Central Norfolk Western Ry. Olin Mathieson ... Qila Elevators

wen-linols Glass Oxford Paper Co. Facilio Gas & Elec. Pan American Airways

BAUER Pictures

Doyle Co.

Penny J. C. Co.

Penn, Salt Co.

| Philip Morris,

Procter & Gamble Co. Pittsburgh Plato Glass Iubitcker

Pure Qu

hustries

Radio Corporation

Radio Corp, Prof.

Republic Steel

Reynolda Metal

the ship from the engine-room quantities included hardwood floor to the top-most deck which lumber, vencer and plywood, with machinery amidships aro pinte glass, toys and furniture." Before making a complete accupied by Ught, alr ani vont

28-mile are tour of the harbour's spaces to the engine room now available for passengers. waterfront, the Japanese.party Complete clear deck space in Inspected the $12 million cargo-

terminal is only pastanger the fore and aft sense

lensed by Hmiled by essentials such as Matson Navigation Co. watertight and fireproof bulk- The important dolegation, heads and by the area required which included the mayors and The other officials of Japanese eltics, for air-conditioning units.

Los Angeles after came ta ́modern ship, particuarly on the

fourth Blennfal Amela Atlantic run, is air-conditioned attending the

Arun Pacific throughout.

Conference of Socony Mobilo Some Alterati Prealdenis Mayors

of and These changes are being ac companied by Corresponding Chambers of Commerco in San alterations in the materials used Diego. They, represented Tokyo,

Yokoham for construction, particularly the Kobe, smployment of light malals for Cuske, Metsuyama, Kyoto and Hitherto this | Hiroshima.......... superstructures

Nagoja,

Dea: 20.00: Mar: 41.00: May: 40.50; July: $0.00.

In the United States,

the

average price of one-lach cotton GOPA at 14 designated spot markets

291%

11

(Am.

shot of co.....

Serra, Boebuck & Co.

saint Reg. Paper

·South 1'uerto Rico Sugar Southern Co.: (Time)

Southern National Cad

1 Southam Hallway (Com)

Blenderd Drande

·Standard ChI OF NET,

war 34.98 cents,

Total sales at these markets

were 90,132 baico United Press

LONDON STOCK

MARKET

London, Dec. 11.

The stock market closed

thick Jan.

AMSTERDAM

The rubber

wa

market Irregular. Prices closed today in guilders per kilogram, cif Dec. as follows:

No. 1 rubber: 244 sellers: No. 2 collers No, a rubber: wellers; No. 1 crepe: 255 nom.

-United Press.

London Foreign Exchange

London, Dec. 11, Closing rates were:

New York

Montreal Amsterdam Brussels Copenhagen Frankfurt Milan

Pari

steady today on light Blockhoun

trading

03

Vienna

investment Zurich

funds were tied up in the

reportedly heavily over-

Contract No. 4 (world): Jan: 3.80; Mar: 3.75-70; May: 3.20; July: 315; Sept: 3.78: Oct: A Spot (cents per lb. tob Cuba): 32.

Open interest: 6,168 contracts. Contract No. 6 domestic: Mar: 0.39; May: 5.63; July: 8.78; Sept: 8.18; Nov: 5.81; Spot: (cents per 16, eff NY ex-thuty} unquoted.

Open Interest; unquoted-United Press

SINGAPORE

STOCKS

Singapore, Dec. 12. Brokers today quoted the following stock prices;

Balu Lintang Rubber Co.

Ltd. Brun Borneo

Petroleum Byndicato Consolidated TA Smelters

Opening

$1.775%

40/-

2.801|--2,30-5/16) Camsobe (Malaya) Limited 2.32%

$400

$1.0734 35/0 Lunes Bubber Estates Ltd. $1.04

Ord

20/04

Traser & Neave Lid end... Fraser & Neave 71% cum.

$2.725

Hongkongk

Shanghai

10.817-10.61% 130.03-10.98

Banking Corp,

Hongkong TM Lad.

102895-12

Kumpa

Lid.

Kuala Kampar Tin

5

1440) -13,60%

Millayan Bruwerian

$3.4%

New Berandah Rubber Co.

Lid.

$3,05

-United Fress.

Petaling Tin It.

$3.00

| Rafles Hotel (odcb)

Cold

$2.60

Kiorage

$0.00

$10.00

$1.34

3.15

subscribed British Petro New York Foreign

leum bond issue.

Git-edged pecurities gave a

Exchange

slcadler tono to the

Iirt and

prices closed with widely, sont-

tered fractional, galas, Shell and British

Petroleum Caneda

New York, Dec. 11. · Closing rates were:

2.00-0/10

pnotical

260-218

279-0/10

ENDA

AL-6/10

114 edvanced fractionally in an imagland ontiefel **********

32% | prayed oil motor,

4512

Issue Industrial Lending

favourable Aunicužim close strong on

New Zealand 2745xd corporate and dividend now

Bouth Africa Gold when declined Dollar Argentina

Un guay Satocks

adjusted to the

India $10 forsk of Wall Steel's closing-

United Frem

wers

200-12/10

32009

Singapore

(cuindi)

Birita Trading

Straits Steamship United Engineers Ord. Wearne Brow. (call)

--China Mail Special.

Exchange Rates

J-mon

Lead Is: half Dec... Lead at half Mar, Zine 1st half Dec.. Zine 1st half Mar.

BI -Unlied Press.

New York Metal Futures

New York, Dec. 11. Prices of metal futures closed today in cents per lb. as follows

bec......***

Lead

Jan.

Zinc

Dec

Jan.

Copper Dec

Jan.

Tin

Dec.

Таг

11.650

11.455

#.050

3.00b

23.351

13.55b

91.736 (Straits) 21 BOD

-United Press.

THE

WORLD

You can fly there an the world's most experienced airiino For reservation,, call your travel agent or Alexandra House, Phone 37031, Bora Kon

PAN AMERICAN

Pas American Walt disneys, Ink, Busacperated ha she ate of New Tork, 11. As with zemí Baking

Die Stamping

The South China Morning Post, Printing Department is equipped with modern dis-stamping facilities.

REGIMENTAL, SOCIETY and CLUB

CRESTS & EMBLEMS.

TRADE MARKS.

FAMILY COATS OF ARMS.

and MONOGRAMS,

etc., etc.

Call and inspect ́our samples

Duelhem was done in thSOUTH

Enofficia

exchat,

morning at the following raks:---- Un dollar (per $13.

Sterling note (pay £1)

Australian notes (per 212

Iridioneman etaplah (prar 100)

Orders accepted for Steel Dies

and Copper Plates.

CHINA MORNING POST. LTD.

Wyndham Street. Telephone 20002