1958-02-06 — Page 9

SHIPPING

TOURISTS OVER TANKER RATES

THE PACIFIC

New York,

REMAIN DEPRESSED

London.

Nearly half

million Work tanker freight rates tourists will be able to have fallen during the last cross the Pacific this year. three months, according The

latest average Pacule Area Travel to the Association, representing the 20 freight rate assessment countries and Inlands bordering

by the London Tanker on and in the Paelle Ocet), re-

Brokers Panel, and ports that the air

sca

The Panel has declared

average and waiting for the Jet age present weighted (only two years eft) are offer-world tanker freights lo ing the most travel opportunities British yet in 1958.

carriers, far from skiing back

to

the of

be

THE CHINA MAIL,

THURSDAY, FEBRUARY 6, 1058.

TRADE and COMMERCE SECTION

Vanguard's Failure Plays A HONGKONG Drop In Consumption

Part In Stock Decline

Now York, Fob. 5.

Stocks declined today after rising to new highs since October 4 in the previous session, It was the third setback in 10 sessions and market men considered it normal procedure. Failure of the Vanguard to put a satellite into orbit played a part in the

decline which centred on industrial shares. fairly well.

The market had several things Unlied Aberah

United Gas Corp. against it, including some price 0.8. Toll "D" cuts in stainless steel, curtails. Gypsum ment of expansion by steel companies and a dip below 1957 the

in electricity output.

Ministry ür Transport Scale No. 2 plus 27.3 per cent, Ninety-five thousand people This Indicates a decrease of 2.7 from the United States will be per cent on the assessment made able to cruise across the Pacific) as at October 1, 1957. In terms the Nether- this year. The tices-Paclite of a voyage from

West Indies to London, i airlines, will be able Lake Int

repre- the average assessment 308,000 mere.

PATA, about to hold its 7th sents a foll over the last three

Pacific annual

Area Travel months of 10% pence per ion.

Recent reports show Conference, February 17-21 Santa Barbara, California, also number of laid-up tankers has risen to 162, with an aggregate reports:

and il 2,210,430, tonnage of The

Thiers, now

the seems that even more tankers passenger service between

United United States and Paville ports, will be laid up as the will be joined by a 17th ship in States in cutting down its Morch the Peninsular and Imports and there are still Jarge Oriental Company's "Himalaya." stocks of fuel in Britain.

Heavy reductions in rates are Able to accommodate 1,159

by brokers she'll not envisaged passengers each wing, Join the Orient Line's four ships tunkers are already operating at and the Matson Line's Mariposa uneconomie rates.

16

the un

in

South i

as

the

Raics for tankets from and Monterey

Persian Gulf to Britain/Con- Pacifle run.

Altogether, this year. frominent of Europe were quoted nt Scale minus ST1⁄2 per the U.S. West Coast, there will B.M.T.

there were no in- be 30 cruisen

Southcent, but to the

Inquiries for vessels, Pacide (live

than more 1957): 73 allings

Orient.

Steel raves et considerable selling late in the day.

Oils

lower and most of ulse were

Autos the chemicals meaded. slipped fructions.

Of 1,167 Issues traded, 523 were lower,

252 302 higher, unetanirod

New York Stock Exchange volume was 2,480,000 shares,

New York Stock Exchange bond volume was $5,110,000.

American Stock

Exchange volume was 600,000 shares.

Closing Prices

Alden ine. hey.

$ 17

п

Alted Chemicals

Allied Mül, Inc.

30

to Hawail, There was a little activity in and 35 ship departures for the the American domestic market and rates for voyages from the States United to New

this Caribbean cruise pleasures

Prest-Northern Harbours were quoted year include Amerian

Line's colla ut Acapulco, at United States Maritime Com- dunt

Scale minus 571⁄2 per Mexico on all California-bound mission

Eastern

fixed Ballings of the round-the-world cent. Gult ships, President Pulk and Presl-Mobil re-let T2 from the Carib- st bean to any port on the United dent Monroe: added calls

Atlantic coast Long Bruch, peri tor Los States Angeles, besides San Franciscu, January 17-22 at U.S.M.C. Scale for all Orient Line's Australia minus 52 per cent. The com- bound ships, beginning in puny is also looking for a 3,000- tun Lonker, Rotterdam 10 August; and special cruises up

and clean T-2 Seattle, Scandinavia, the Pacific coast to

from The Caribbean tu the for and. Vancouver Victorin

cust coast of South America, Hawali-bound liners.

In the East, two vessels were

salo Italy

for

This month, five International liners are off for big expensive, fixed last week to carry crude oll from the Persian Gulf to cruises to the Pacific. So que-

In January at U.S.M.C. cessful was the advance

minua 335 and 0011⁄2 per that two of these liners have Scale already

their cent. A French major charterer announced

similar paid only U.S.M.C. Scale minus

87% per ceni for

carly sal January vessel from the Persian

charterer Gulf. The same open for more January tonnage at rates down to U.S.M.C. Scale minus 65 per cent.

tutions

will

of making cruises next winter. Matson's Lurling from San Francisco on January 7. 1959 for a 73-day South Seas and Far

and the East cruise Swedish American Line's Kungs- holm will sail on January 10, 1959 from New York for a 97- day round-the-world cuise.

There are, today, 94 scheduled flights

A

BR

TWO SWEDISH

week, capable of TRAINING SHIPS

handling 4,700 passengers at n time. departing the U.S. West Coast airports for Pacific pinces. Ten of these weekly flights go to the South Pacific: 50 to Hawali, and 20 to the Orient.

By June, there'll be a step-up scheduled to 102 regularly fights with two more a week

Orient being put on the

run;

two more, also, on to the South: Pacific, and four more a week to Hawah.

CONTAINER FOR

CHEMICALS

London.

Allis Chalmers Am. Brake Slibe Amerkan Atrime American Cable

1. Line Co. U.S. Rubber US. SmekiNE

Rails and utilities held

Us. Steck

20% Warner Bros.

261 Westinghouse Eectric

Western Union Tel. Co. West Va Pulp & Paper Woolworth

NEW YORK COTTON MARKET

Now York, Fob. 5. Cotton futuros today opened higher and maintained a good-sized goin for the rest of the session. New crop deliveries showed relative strength

traders found sellers increasingly cautious in face of farm legisla- tion uncertainties.

08

Urated

67

STOCK EXCHANGE

Our Own Correspondent

Business done on the Hong-

Stock

Of Natural Rubber

New York, Feb. 5. Natural rubber consumption in the United States shows a drop of some 50,000 tons a year over the past two years, the Natural Rubber Bureau announced today,

Bureau Exchange this morning amounted to approxi-

mately $1,050,000. Nogn, quota- tions and the morning's transza- tions were:

Shares BANK

136 UK Bank

Buyers Belders

M

B30

17 INSURANCES

Undon

33

.. 32,30

4215xd Lombard **** Press,

SHIPPING Wheelpeke. 1655

DOCKS, ETC. K. Whart.. 118 Ilock

NEW YORK RUBBER MARKET

Baler

300

30 834

30

700 g *

5.30 2,000 6.30 1,000 6.30

120

494.50 20.30

| P'vident (0) 12.30 14,00 1,327 g 12.40

LAND, ETC.

HK Hotel.. 10. 10.70 1,500 10.00 105 Land! ..

3425 34.0004834.25 ImDIETYS 15.90 20.10 1.000 6 15.00 1,000 10

Realty NUDBER

Amalg Trust UTILITIES

Tram

1.35 1.40

129$ 1.30

120 120

... 24.30 24.40 4,000 @ 24.30

New York, Feb. 5. Rex rubber futures closed!

today 15 to 45 points Star Ferry higher with sales of 62 Yaumati contracts.

Ĉ. L

1,000 24.40 1,000 G 2436 3,800 24.60 118124

Final Agures for 1957, the said, "provide good opportunity to take another look at the future of natural rit rubber in the United States the next few months seem to promise te rellet for the na- tural rubber market from 0 quick upswing irt, United States demand.'

The Bureau sald U.S. con- sumption of natural rubber lu 1967 totalled $90,147 long tons as against 582,080 tons in 1950: In 1055 U.S. consumption was 834,800 tons, "s the last two years have shown a drop of about 50,000 tons per annum."

Consumption of synthetic rubber, on the other hand, totalled 928,369 long tons in 1957, more

50,000 tons the above

previous record consumption of 874,304 tons in 1030.

than

NOT UNEXPECTED

20.50 28.30 17.30 17.50 2.400 17

The natural rubber ratio to 2,000 17

100 e 170 total consumption dropped from 300 17.50 38.13 per cent in 1050 to 36.74 108.30

per cent in 1957, the Bureau 500 28.40 1,000 29,00 sald 5.100 20.10 Telephone 27.30 27.30 1000 0 27,20 INDUSTRIALS

Mar: 20.05; May: 2885: July: Sept: 200, Nov: 1.30 27.10 Electric.... 28.00 £4.50 Mar 27.10.

Standard contract closed up 15 to 45 points with no sales reported.

Mar: 265; May: 20.85; July: 27.65: Bept: 27.00 Nov: 27.10: Jen: 2.10 Mar 27.10.

Nearbys met increased realising at the close, with the | general list finishing off 4 to up 3729 points. The market opened New # to 39 points. up Orleans closed unchanged to up 20 points.

Shippers, commission houses, spot interests and local traders buyers, absorbing were best 107

ard hedge selling 404 scale-up 27 realising.

13

413

Corp.

American Cyanamid Co.

Amer. & Furgn, Power Am. Gas & Electric (x6) A. Moch. & F'dry American Metal

American Smeting Am. Sugar lot. American Tel

Tol

American Teb. "B" (xd)

Anaconda Copper

Armco Steel

Armour

Atim Com. Mining Baldwin-Lima-tam, Baltimore dhe Ohio

Benefcb Finance **

Beuct Cone.

Cafe (J.) Co.

C. 1. T. Financial Corp.

Chaos Marhat. Bank

1721

7034

47

was

Cement ... 20 20.40 Metal I

But it added that it was "not

US-KOREA

TRADE AGREEMENT

Washington, Feb. 5,

The Agriculture Department

announced today a trade agroemont with the Ro- public of Korea for the purchase by that country of $50,000,000 worth of surplus form commodities. will ប្លង់ commodities paid for with Korean currency. Sales will be made by private U.S. traders,

The

The agreement calls for the of 400,000 purchase by Korea

worth moirle tons of wheats $24,500,000; 265,000 metric tons worth $12,300,000; of barley

of grain 50,000 metric tons sorghums worth $1,100,000; and 30,000 metric tons of com worth $1,800,000.

an unexpected drop in view of in the substantial premium price commanded by natural costa rubber during the year, and in $9,600,000. 12.30 view of the fuct

4.50 #1.50

300 @ 1.05 STORES, ETC. Datry. 10.40 16.00 1,500 10.40

1000 Watson

13.20 12.60 1300 493 COTTONS Textile

Un Const.

INVESTMENTS

1,000 1,00

€400536

Firmness reflected the London action plus renewed reports of Russlan buying overseas. More Nonvang than one-third of the terminal MISCELLANEOUS business

was represented exchanges of July contracts for Yangtere 5.45 physical rubber, Dealers under Allied the stood

July holders took Oel- Į Simzala Nov.-Dec. one sheets delivered. paying Ave-point premium for the actuals,

Urgent buying around

with coupled 44 opening

lessening chances for enactment 13% of new farm legislation in time to apply to the 1958 crop.

Some traders fell delays in In the shipment market, a Included tonnage tepistation might lead to a choice moderate plan which would allow In- tales of three sheets, Feb/March

in shipment 403xd creased plantings this year

exchange for lower price sup-2414 cents cost and freight.

No. 1 Rss spot was quoted at 26% cents.

The

13.000

16,000

11

21.

Bendix Aviation Corp.

41

Bethlehenj Steel

is

Reeing Airplane

58

Borden (The) Co.

Compbell Soup Co.

Broughs Add Machine

63

301

ports.

397.

Canadian Pacile R.

certificated mained at 22,033 bales.

stock TC-

301

Month

Volume

Open intercati

Cat, Tractor

409

Мог.

137,800

Celane Corp.

137%

May

353,000

181

July

10,200

210,800

411

Oct.

12.000

170,000

Dec.

11,300

96,000

2015 | Mar.

7400

75,000

523 | May

10,900

102,300

July

63

Total

49

435

471

bined school and modern cargo vessels, have re- cently beon delivered

Cuban Amer. Sugar Diamond Alkali Diamond Match Ca. Douglas Aireratį Dow Chemicals .... Dupont de Nemour Eastman Kodak

1024

GA

13724

104

20%

212

834

Stockholm.

Chryser Motory... Cluett Peabody ..... Colgate-Palmolive Co. Colombian Chebon Co

Creast

Two training ships, especial-Colidated Edison

ly equipped for the pur-Continental Oil of Dr.

pose of serving as com-

Crown Zellerbach

from the Gotaverken yard artern Airline

to the Swedish shipping El Paso National Gas Finance Corp Transatlantic Firestone Tyg & fubber lines AB

and Trafik AB Granges-Ford Motor

berg-Oxelosund.

ma

One is the

G. D. Kennedy, of the Transatlantic Line, the other the Grangerbarg

carrier

Sarck, thoroughly rebuilt for her new dutics,

ore

MA

The G. D. Kennedy

General Electric

General Foody

General Motors

Gen. Pub. Uti

Glidden Cou

Goodrich B. F3 Co.

Goodyear Tyre

751

Gulf OB

1072.

Heyden Newport Corp.

4v39

Homestake Maning Co. Ingersoll-Rand

Sho

lal

shelter

A new type of shipping con- delivered on December 21.

tainer consisting of an

ふれ

open/closed

outer fibre drum and an decker of 10,420 tons as open

She inner container of semi-and 12,140 tons as closed,

bears her name after the

rigid polyethylene--both Company's first school ship, a rigged sailing vessel, able to be used again square

which served during the years

ΠΟΣΟ

has been developed as a 1918-23, and she is the 47th lighter,

practical vessel to be built by Golaverken substitute for the metal for the same ownere. containers now used in

She

was specially designed

transporting dyes and and constructed for her double

chemicals.

and

any

Or

Inland Steel Co.

Businem Machines Inti tarventer

International Nicke

2800

19,000 84,200 1,155,500 bales

NEW YORK

out of

Thailand at

SINGAPORE

The market opened around the previous levels and ruled quiet with some short covering Juring the morning.

Later

of posible reports breakaway of outer territorie from Java frmed the market, Prices of cotton futures elcsed

especially during the unofficial today as follows:

May: trading when business done at Mar 3510 Dec: 77% cents. Spot: 30.10m:

Futures: 33.21: July: 31.20; Oct: $4.60: Mar: 3462: May: 31.55; July: 33.30.

NEW ORLEANS

Prices of cotton futures closed today as follows:

Spot: 31.35; Mor: 35.02; May: 36.22: July: 35.20: Get: 31.74: Dec: 34 DG; Mar: 48; May: 3.62: July:

Cotton

LIVERPOOL

future

57.

No. 1 rubber per lb. Tab.

704-17 Mar. 2015-2016 No. 2 rubber per lb. Feb. 14-75%

71-715 No. 3

5001 rubber untold

No. 4

Blanket crepe

0815-

7644-77

074-6

8255-8414

LONDON

No. 1 pale crepe

The rubber market was quiet

closings, in but steady with spot quoted ut 22-15/10 pence per lb. Prices: 3 pence per b. were as follows;

Paper Int'l Tel & To] Jahn-Manville Co. Kansas C. Power & Light.. Kennecott Coppe

41%

Liggett Meyers Tub. Co. Lockheed Aircr

Loews Incorp.

Lone Star Cement Co. Leveretem & Hons. McDonnell Aircraft (Am.

Stock Exge.)

Metab Iron Corp. Minnesota Mining Mission Development Monsanto Chemical Co. Montgomery Ward Motorola Ing.

Old conimet

Mar/Apr.

May/June

Oct/Nov.

July/Aug.

Dec/J

New contract

Mar/Apr.

May/June

July/Aug.

Oct/Nov. Dec/Jan.

13

BAO PAULO

2414

23

No. 1 rubber per 1. na

apot

Settlement house term:

5.55

Mar.

221-21

23.23

20.09

Apr/Jure

July/Aug.

20.29 Vet/Dec.

20.50

40/Mar.

28,30

24.08 Mor.

Apr.

General markets, elf basis, ports: 2600 Feu.

All prices were unquoted to-

31 day.

day the

United

state crepe thin Feb. Four 2316

AMSTERDAM

23-2376

227-23

212-23 223-232/7

1.50

that sub-

natural

The

ocean were.

transportation estimated

at

The agreement provides that from goles

10 50

of the 12.30 stantially all

rubber which was produced in $2,000,000 oblained 1957 found a home in world proceeds will be set aside for

in loans to Some Increase

United States and markets.

Just to Korean private enterprise. synthetle was required All the gup"

These loans will be made by Bank <I the Export-Import Washington.

750 @ 3.70

LONDON STOCK

MARKET

Im-

London, Feb. 5. Bullish sentiment in the stock market failed to de- velop today despite yos- terday's announcement of a hefty increase in gold and dollar reserves.

securities Gilt-edged

Profit-taking in Proved fractionally,

industrials and copper sues shaved or wiped out mid-day galas.

Cils were depressed by a possible cut in prospect of British gasoline prices.

Japanese liens and German Potash bonds were higher.

Gold shares backed down. Dollar stocks were United Press.

Akron rubber factories are cutting down demand for rubber 85 a result of automobile produc- and the general tion cutbacks U.S. business decline. One of the big Akron rubber makers has laid off six per cent of its la

Mr

The agreement brings to a total of more than $130,000,000 the market value of tarm_sur- plus commodities sold to Korea under the foreign currency act bour force.

The

an- agreement Was The Natural Rubber Bureaus nounced by Under-Secretary of caid "It is especially diffeuls Agriculture

D. Morse. to forecast how strongly the Attending the brief ceremony American economy

will re-in Morse's office were Dr You bound from Que present Chan Yang, Korcan Ambassador slowing down process or how to the United States, and Bens. quickly. The rubber manu- Francis Case and Thomas II facturing industry is optimis- KachelUnited Press, He and the Rubber Mana- turers Association has publle- ly forecast U.S. rubber con-

In sumption for 1958.. fts January 2, 1058 annual statement, at 1,528.000 lang tons, or just about equal the all fime 1958 consumption peak of 1,520,099 tons.""

to

Total rubber consumption in the United States last year was 1,407,500, the second highest year on record and 80,000 tons firm.nore than in 1950.

New York Sugar

Market

New York, Feb. G. World No. 1 sugar futures closed unchanged to four points lower with sales of 298 contracts.

Domestic No. 6 sugar futures thick closed unchanged to one point

was

States, the The rubber market asd average price of one-inch cotton steady. Prices closed today in 33 at 14 designated spot markets gulders per kilogram, cit Feb.

was 34.00 cents.

as follows: Total entes were 15,156 bales, 103-United Press.

National Cash Reg. "A National Dairy Prod.

National Lead

National Steel Corp.

42

421

New York Central

Noctalk & Western Ry.

Ollu Mathieson

Ous Elevator

Owen-lino Girsa

purpose. The G. D. Kennedy will be able to take altogether trainees, container Is 52 deck and engineer The two-piece

for who will go through three-year reported to be satisfactory

class-0! cources ten in each both dry materials.

theore- liquids which will not attack suflictent practical and

ad-cat standard of education for added polyethylene. An

mates'

engineer vantage claimed for the wash-cither

officers examinations. able polyethylone inner con-

The vessel has a propelling tainer is that it can be specially treated with an anti-stick coal- machinery consisting of an 6- ing that permits the removal of cylinder

the eroastinad type, na shipped material from the engine of container- particular quids. which develops 7,350 hp.

The Grangesberg vessel is the No residue that would requiro extensive cleaning of the con-ore carrier ms. Sarek, built by

Procter & Gamble Co. to re-so is left Gotaverken in 1942, which has tainer prior

been entirely converted. Sherburgh Plate Gian behind.

longer and Publicke Industries The container is constructed has been given a

igher dockhouse so as to enable Fure Oll .........

of o semi-rigid, heavy duty drum liner of polyethylene resin shaped to fit mugly inside fibre drum.

Heavy

which

a

Goloverkon diosel

to accommodate 10 trainees

Oxford Paper Cu Pace Gas & Elec. Peramount Picture Pan American Airways

Parke Davis Co.

Penny J. C. Co.

Teun. Salt Co

Philip Morris

Лadio Corporation

Radio Costs Fuel Republle Steel

Reynolds Motul ....

Bears Hoebuck & Co. Shell Oil Co.

Binclair O

Baint Reg. Paper

R

Socony Mobiloil

and proykdo space for lecture rooms, etc.

technical She wont on her duty polyethylene trial trip on January 7, after her cernented to a standard metal conversion at Gotaverken had ld is then Atled over the top bean completed. Her d.w. and plastic lip of the drum to now 8,600 tons. provide an oir and liquid-tight

The Grangesberg scheme, ke peal.

that of Transatlantic, aims at The containers,

are giving the cadets a three-year available in 90- and 15-gallon combined practical and theore- alzes, aro said to meet all re-tical

deck course, other po quirements of standard drum officers or engiåetring officers. drop tests.

Both ships are equipped with Opportunities for the re-use double navigațional Instruments, of the polyethylene inner con- such as radar, gyro-compaIDER, tainer,

cleaning,

are direction dinders, etc., as well as limited only by the fawlomtion | laboratories, workshops and o of the owner, the developers second plotting

room. Their claim. The outer fhre drum deck machinery of derrick ports, con be re-used na nikitpping, cranes and. Bonnar sem

ot the rubbal, or temporary ... storage most modern typo sad make the

container,

ships largely self-loading.

after

Bolar Aircraft la...

Bouth Puerto Rico Bugar Southern Co. (The) Southern National Ca

Raliway (Corn) Standard Oll of Cal Statlerd Q of Ind. Standard Olt of NJ,

Rock (Toronto

Southerande.

Sterlin Stokely VanCam Corp. studiobaker-Packard Münchẩn, Kining SWEET & CO.

Texas Co

London Metal

Prices

London, Feb. 5.

Prices of metals closed today

in

sterling follows:

Tin

pot 3-month Copper προτ

-month

Lendi ini, half

per long ton ns

buyers sellore

7311 -73145

10035

No. 1 rubber No. 2 rubber No. 3 rubber Na, 1 pepe

22 nom,

2.10 poin.

2.07 nom

2.35 now. -United PYCH.

SINGAPORE STOCKS

Singapore, Feb. 8.

the today

quoted Brokers fullowing stock prices:

Batu Lintang Rubber Co.

Ltd

Feb.

May

Zino Lrt hott

Feb

May

BAZA 0322 -United PreRS,

Dritich Borneo Petroleum

Byndicate

Consolidale Tin

Ord.

New York Metal Futures

Prower & Neave Lid, ON

NEAVA 79% cum. Genone (Malaya) lamited Hongkong

Shanghai

Opening

401-

Banking Corp. Jongkong TÍA Lid, Kumpas Ltd.

#BT

$4.06

7.17 |

#650

Rubber states Lia. 106 Mayan Dreweries

$3 8756

*kin.

42 $15.

Petaling Tia Ltd,

Rative Lotal

New York, Feb. 5. Prices of metal futures closed

Kuala Lumpur Tin

today in cents per lb. as follows: New rangah Rubber Co.

Hinatore Colch, Blorage unquoted straitą zrading cream** BILBU

Lead

Mar.

Texton Inc; ........... Tide Water Amm, 01-

Zina

The 100.

antiesti Cratury Tex Tim

Copper Feb.

union Ono

U

Union Pacifio, Hulivery

-Unised PreOS,

tangwoled vilava Khgineeru deg. Wearne Broe

oel-Gruns bili special.

the

the

"The

The Natural Rubber Bureau,

modified however, optismistic. estinates of Rubber Manufacturers' Associa tion by pointing out that

nutomotive sales in course of January....has not been and it looks as encouraging though the entire January new car sales....will be only about with 400,000 units, compared 400,000 units in January 1957."

THE OUTLOOK

BMC PLANS TO RAISE OUTPUT

Sydney, Feb. 5, Motor Corporation

British plans to raiso output at its Ausrtulian plante to 50,000 all- Australian vehicles annually, Macmillan, the British

Minister, was told on visit to the BMC plant bare,

Prime

д

company now pasembled Austin and Nuffield body com- which it imparted ponents, from Britain, but it was moving

towards the production of all- Australian vehicles.

BMC Invertmonta itu Australia Asia- represented 13 million tralian pounds and the corpora- tion eventually hoped to SIT ploy 7,500 persons there Mr As for the natural rubber Macmillan

told.-China outlook for the year, the Mall Special Bureau mid "the really signi-

higher with males of:211 contracts. fcunt factor to be watched

Liquidating orders along with hedge selling dominated in the world contract as traders awaited further raw market develop

mente

is where the two

was

curves of the natural rubber London Foreign

ratio of total consumption and the progressive decline in na tural rubber, prices will lovel

Contract No. 4 (world) Mar: 343-64; May: 353; Bent: 3.33; Oct: 3,81; Mur: 340; May: 145; Spot-(cents par jt. fob Cubs): 326.

off. 563: July:

Open interest: 0,358 contracte.

Contract No. 6 (domestic) MAT: 6.67: May: 0.09; July: 675 Sept 8.38-79; Nov: 1.79; Spot (pente per lb. at NY ex-duty): 0.75. Open Interest: 1,033 contractor Ualted Prega.

Exchange

London, Feb. 5.

Closing sales were New York

Brussels

"Clearly, at some point in the natural rubber price de- eline, the natural rubber ratio | Montreal to total consumption will level off and start back, which in turn will check the price do- clino.

"With Malaya just emerging as an importent non-Communist ally in Southwest Asia, and with

Exchange Rates Indonesia in a critical struggle to

local

Milan Paris Stockholm Zurich

277 1/16-237 VID 150.60–130.00

£1804-11823

14.30-150 12374-1253736

Others unchanged iUnified Press..

NAMESAKES

Answers-1 Melody, 2 Faris,

establish. eficient government, the future course of natural rub- ber prices becomes a matter of 3 Tum, 4 Performing, 5 Night, some international concern, and a Club, ? Jokes, 8 Comedy, B SBA will affect the requirements of Theater, 10 Stage, 11 Variety,

Business was done in the

markets 121.60 unofficial exchange morning at the following rales:- U.B. dollar. (per 41) Sprog notes tre gil.... Avstralian notes (per 21).... Indonesian rupiah (per 100) 11-85 Sa tical (per 100)

Go the arce for financial assistance 12 Curtains, Collanty

If prices continue their down-Microphone, 16 Entertain, 10 20.00 avand trend" the Bureau said French.

Maurice Chevaller. 150 United Press.

JUST ARRIVED

$5.

1957 GILES ANNUAL

BUY NOW! stock is limited.

SOUTH CHINA MORNING POST LTD., HONG KONG & KOWLOON