1958-02-27 — Page 9

SHIPPING

THE CHINA MAIL, THURSDAY, FEBRUARY 27, 1958.

TRADE and

Germany's Growing The New

Passenger Fleet

Berlin.

Germany is slowly regaining her strong pre-war position in the North Atlantic passenger trade. Until the beginning of the 1939-1945 war, the Hamburg Amerika Line was the biggest shipping company in the world, and such liners as the Bremen and Europa held the Blue Riband of the Atlantic. But after the war, Germany had to start, rebuilding her

fleet from scratch.

The recent purchase of passenger liners scoond-hand signifies Germany's desire to resume her old place in the Fossenger market.

In January, 1939, the German neet totaller? about 4.4 million gross tone. At the end of 1946 it was no more than 105,000 inna. Today it has recovered to about 3.5 million tons; this com- per cent. of prises about 3.1 total world tonnage, against 0% per cent. in 1030.

Although still nearly a million tens less than the pre-war figure, it has the advantage of About being a 'young" fleul, 70-75 per cent, is tonnage built since 1948-49, and the average whole Beet is 12 ore of the years.

In adultion, about 1.2 million tons are on order, for delivery up to 1902-1903. Tramp and cargo liner tonnage accounts for the bulk of the fleet.

of

the

mu

i

heavy capital outlay, are ob vious problems. In the case the Palelein, for instance, purchase price was £1.0 Ron, 00 per cent of which, was agreed, would be paid in German currency up to the be cloning 1950 in instalments. with interest at 7 per cent.

now

It could be, however, that the Germans will benefit from the delay. Many experts are saying that Zuture Biner require- North Atlantic ments for the cannot be gauged with any ac- curacy before when the Impact of large jet airliners will bring fresh prob- lems for shipowners.

York

Stock Market

New York, Feb. 26. Stocks carried through the carly trading today. the recovery movement underway at yester. day's close.

Prices generally were fractionally higher

a fair-sized list of 1 to 2 points gainera.

More Rivalry

Between Europe's Steel Producers

Paris, Feb. 26.

with

Steels and gold stocks,, which started the market on its upturn yesterday, continued in de-

mand.

COMMERCE SECTION

HONGKONG STOCK EXCHANGE

Our Own Correspondent Businées dong on the Hong- kong Stock Exchange this morning amounted to An- proximately $714,000, Noon quotations and the morning's transactions were;

Sharee Buyers Melləri BANKS Youngstown Sheet and Tube K Dank ran up close to 2 points while

SHIPPING added wheelocks sleein other leading fractions. Among the gold stocks, McIntyre Porcupine rose DOCKS, ETC.

K. Whari.. A point, Homestake 14 dividend.

CX-

Dock

higher Lorillard, an active, feature yesterday, rose another | Provident

Pont, point Goodyear, Du

(0) Douglas, Corning Class, Inter- national Salt, Phelps Dodge, Poparcial, Mesto Machine, Ilavog, Ameroda, Bath Iron

the early 1880 Increased competition be-Works, added around a point or

Although sea traffic continues to increase, the differential bo- tween sea and air is narrowing all the time. The size and typo of Atlantic Iners of the futuro will be governed by this com- petition, by fare structures, and ever-rising shipbuilding costa

The tonnages of tramps and £10,416,205

tankers have both doubled since

Lefore the war, but the tonnage PROFIT FOR P & O

of cargo liners is still a third below pre-war strength.

#10-

Shipbuilding and port tivity bear further witness to a remarkable recovery. But the one weak link in this chain of success and the one which is runkling German shipowners' Faide, is the absence of passen- jor liners.

London, Feb. 26.

The net profit of the P and O shipping group last year rose by about 66 per cent despite the closure of the Suez Canal, it was reveal ed here today.

announced

Jost WBS

German companies have been The board of the Peninsular granted credits for cargo carriera | and Oriental Steam Navig- only, and Interest is pald only ational Company when profis are made. that the group's net profit, after Continual appeals to the Federal taxation, for the year ending Ministry

Finance

for September 30 passenger ship construction have £10.410,205.

BUDELAS. The inet with Federal Republie wants a cirous Arst to cope with Cargo fleet Industrial expansion. and particularly increased foreten trade.

no

Norideutscher Now,

Lloyd

n net This compared with

the pront of £6,200,035 in previous company year. FINAL DIVIDEND

д

The directors of the company has applied for I loan for decided today to recommend to alterations to the Bremen, 30,400 | the general meeting of share- tons (bullt 1939), which was holders on April 2 Aral

from the purchased

French dividend of eight per cent, less Government recently A5 the Income tax for the second half

of the company year,

This

A would make total dividend for 1950/57 of 11 per cent (compared with eight per cent the previous year).

Pasteur.

The Bremen will enter North Atlanile service next year, after Inrgely her interior has been rebuilt. Now purchase and con- version post £4 milion

mone than usual as the Pasteur was not designed originally for North Atlantic service, and ended her acrvice under the French flag as a troopship.

Where Amerika revival?

A statement from the board said the decision to recommend "must be the higher dividend

based

on the ex- regarded as ceptionally satisfactory results. of the past year's trading and does the Hamburg-ns having no implleation as to Lino

stand in this the level of dividend that can

be maintained in years to come." -Brutor.

They

de-

In October inst the company purchased the Swedish Lloyd ship Patricia, 7,700 pssenger tos (built 1951). She is com- pleting a refit and will be re named Arladne. But she is too small for Atlantic service, and will be used for cruising-an- other branch pt which ihe Germans used to exce). were, in fact, the first to velop long-distance cruises.

Last yent, the Hamburg- Amerika Line announced that its plans for re-entering the North Atlantic were but that the line would resume with first class tonnage only.

This polley has been reversed or modined, for recently Company participated in the purchase of the 26,300-ton 28- year-old Empress of Scotland from Canadian Pacine. Sold for a reported £1 million, she will cost another £1.5 million to be relitied, with certain accommo- dation changes.

complete,

the

JAPANESE TANKER

FIRMS WORRIED

two.

Motors, oils, aircrafts, metals generally were Arm.

tween European fino and special steel producers is foreseen by Mr R. Morizot, Chairman of the French Special Stool Producers Fedoration in his report 212 lower. to the Fedoration's annual meeting.

He said that the liberalisa- tion of trade exchanges within

At the close a total of 1,097 Issues were traded, 051 higher,

New York Stock Exchange volume was 1,080,000 shares.

the European Coal and Steel bond volume was $4,120,000, Community

competition.

after

own

would

develop

American as the partners,

having completed their volume was 800.000 shares. expansion

810

0.20

35 6,000 0.25 4,000 0.00

110

50

2005435 2004 53 400 735

200 63

Page

COTTON

He Wants Protection NEW YORK

From Japan's Flatware Imports

Washington, Feb. 26. Congressman Albert. W. Cretella (Republican, Connecticut) today appealed in a letter to Pre- sident Eisenhower for a quota to restrict Japanese and other imports of stainless steel flatware into the United States.

He said the figures presented to the U.S. Tariff Commission, which asked the President to in- crease protection for the domes- tie industry, were "accurate and staggering.

"Japanese imports of stain less steel flatware will exceed United States manufacturers' 1050 unless MOTO 12.70 13.90 1,300 12.70 sales in

500 ve 12.70 stringent quota controls are im- 500 12.80 posed," ho

guld. "I do not bellava tre, aze

(N) - 11.70 11.00 LAND, ETC.

Hotel.. 10.30 18.30 5.000 1820 getting an accurate picture of 3,500 18.20 Japanese Importations from the

HK Land.. 33.50 30.75

Humphrey's 10.30

500 18.30

NEW YORK RUBBER MARKET

New York, Feb. 26, Rex rubber futures today closed 15 to 20 points higher with sales of 108 contracts.

MAT,

July

SeDL

Nov.

Jan.

Mar

30.06

$7.00

27.16

$7.30

27.20

07.20

500 18.30 Japanese Ministry of Finance. 200 33.00 In fact, there was a 20 per cent 103350 discrepancy between the figures 2009 10.30 of the Ministry and the U.S. Really

1.375 1,40 2,000 à 1370 | Tarlit Commission in 1950. RUBBER

In that year, the Japanese Amalg KD 1,225 1.25

claimed 120 Trust

that they Imported; UTILITIES

5,022,000 plus dozen pleces of Tram

stainless steel flatware, where Standard contract closed 15 to actually the figure, according to 20 points higher the Tarif Commission,

almost 7,500,000 dozen."

Dow Jones closing averages (C. Light ... 17.40 17,70

programmes,

active

were:

would be particularly abroad In case of recession.

He also feared additional

competition from other fine steel producing countries in Europe

in the case of the setting up of a free trade area. These coun- tries, he explained,

may find market the common

opens to them without being committed to the European Cont and Steel Community treaty rules,

REVIEW

Reviewing the industry's oc- tivity in 1957, Mr Morizot stated that special steel output rose by an average of 7.3 per cent from 1,380,000 tons in 1050 to 1,483, 000 tons.

rose tons,

MARKET

Now York, Fob. 26.

| Cotton Futures today stöged a smart rally' when shorts hurried to cover in tho belief Congress will op- prove a big booth in soil bank funds.

After extreira golná up to

$1.80 a bale, the market settled

back from best levels foward the close on scattered renKsing, but still showed nét gains di 13 to 31 points. The market open- ed unchanged to up 8 poźntą. New Orleans closed up 19 to 30 points.

Increasing farm blóɑ prassuto 10 oust Agriculture Secrétaty Indication that

Benson, and

| Congress will continus to op- pose any programemo for lower price support lent momentum to the rally.

UPSWING

the

Nearby months followed upswing, aided by covering in following the March delivery

delivery notices the issuance

for only 200 bales. Wall Street comutilaston house brokers were leading buyers of the new crop

months.

The House volè tentatively adding, 250,000,000 to the 1938 bank acreage reserves sparked the rally.

with no sales

Boli

2008

277,00

27,18

27.15

12

..... 24.00 24.70 2,500

1,000 1,000

14.50

24.20

New York Stock Exchangu

2,000 24.30 2,000 # 24.00 2,000 24.00

was reported.

Stock Exchange

Peak Tram

Star Ferry

XD Yaumati

73

118

The Tari Commission has recommended that President Elsenhower raise import duties

star.

May

Jay

Dept.

04.50 100

500 $0.50 100 ##

on stainless

Nov.

Jan. steel flatware by up

to 45 per cent,

Mar.

430 17.30 300 0 17 40

Electric... 27.80 20

100

480.42

500

TEQOL

103,44 Telephone, 1.39

INDUSTRIALS

200

27.30

The President, who may ac- Higher trend reflbeled Lon- 500 171cept or reject the recommenda- don steadiness, plus Amsterdam

270 tlon, has until March 10 to reports of Russion 21 00nnounce his decision.

reller's

Local

100

27.40

63.92 EXC.

14.00

•Detry ...

17.10

1,000 17

to the complete annihilation of (the domestic) Industry unless

12.10

4.00

B.TO

16.50

30 arabe 15 uitics

20 rails are

as stocks 40 bonda Comm. future

157.11 STORES. price index

Closing Prices

Alden ne, ney. Allied Mills Inc. Am. Drake le American Airiuso American

Cable

Corp. American Cyannmid Co. Amer. & Forg, Power Art. Gas & Elestric Am. Mach. & Fdry.

Ref.

Amicel....

Armes Deliveries to consumers

Atlas Cons. Mining Baldwin-LARA-}LANÇA from 194,000 to 1.072,000 while the share of fine and spe Bendix Aviation Corp.

Beneficial Finance cial sleel production in the

Renguet Cana. total Franco-Saar steci output Decing Airplane advanced from 8.2 to 8.4 per Borden (The) Co.

Burroughs Add Machine cent.

Campbell Soup Co. Com- Case (3. T.) Co. Exports outside the munity execeded 50,000 tons. Cat. Tractor last year, about the same ton- Celanese Corp. nage as in 1956, but special steel Imports from countries out- side the Pool further increased though not at such a specta cular rate as imporls from Pool countries.

SPÉCIAL STEEL

C. 1. T. Financial Corp. Chase Manhat. Bank Cluett Peabody Colgate-Palmolive Co. Colombian Carbon Co.

Commercial Credit Commonwealth Elbo Continental Of of Del Crown Telierbach Diamond Alkali Diamond Match Co. Douglas Alterati Dow Chem:lemla

Fastern Arins

Paso National Co Family Finance Corp. Firestone Tyre & Rubbe Ford Motor

Slace last August total im- ports of special steel had ex- ceeded the rate of exports, whereas

until then deliveries abroad showed a surplus, Alloy Gen, Pub, Uul,

metal consumption rose

Getty Oll from | Glidden Co.

Its Goodrich (0, 7.) Co.

| 24,000 tons of 28,000 tons,

value representing 29 per cent of special steel deliveries.

the

The main concern in this field was expressed about the French industry's nickel supply conditions. Refined Caledonian nickel has to be paid for by French industry at 1,205 per kilo, Mr Morizot said, while it was possible at present to secure nickel on the world market at the equivalent of 700 francs,

troncs the

of

Tokyo, Feb. 26. The decision to withdraw nine Japanese whaler tenders from service and assign them to oil, trans- portation is worrying tanker companies here. Fishery Arms' will make move in April at the close the current whaling season.

Shipping circies point out that the government's tight hold on foreign exchango and, necom- panying drop in oil importa has resulted in a tanker surplus.

If, they say,

nine more tankers are added, it would ag- It is hoped she will be in gravate the situation,

Some service before the end of this

fiching Arms year, operated by a new com- studying the possibility of asking pany, the Hamburg-Atlantik the fishery companies to moor Line. Apart from Hamburg the wholer tenders during the Amerika's interest, the local off season, but there was little Government of Hamburg le sold hope the request would be to have lent a financial hand in granted-United Press.

the transaction.

Equally important is the fact, which cannot bo

officially, that Greek

interesia

confirmed TONNAGE RISE

Italian

are also participating

in the venture. This represents

a startling departure from pre-

were

Stockholm. Foreign shipping on Swedish

excludin

vlous policy, for Gormon ship- ports,

OWINTS dependent,

scheduled

nhe strongly in-traffic between Sweden and

|

Gulf Oil

1736

30

Radio

me

Heyden Newport Corp. Homentake Mining Co. Mr Morizol sald that this Inland Steel Co.

Ingersoll-Rand Illustrated the absolute necessity Interchemical Corp. of obtaining supply guarantees International Paper

John-Manvilla to. and adequate alloy prices Kaneus C Power order to be on an equal footing Liggett Meyers Tol, Ca, with foreign competitors,

Lowerntejn & Sons. McDonnell Ararat

Stock Enga,) feat Iron Corp.

lesion Development Monte Cremdal Co. Motorola Inc. ....... National Dairy Prod. National Bleef Corp. Norfolk & Westem Ry. Oli Mathisson Owen-llincia (name Oxford Paper Co. Parke Davia C». Fenty J, C., Co.

Philip Morri Mr Morizot considered this Procter & Gamble Co.

Pure Oi!.... handicap, which if continued Publieker Industries would "become mortal for a Redio Com Prel industry which should not only Raynalds Stetal defend its export position but Bears, Roebuck & Co.

Soint Reg. Paper also open its domestic market solar Afteraft... to rivals who do not suffer from South Puerto Rico Sugar the same obstacles--China Mail Southern Nattori Gas.....

Sleep Hook (Toronto Exge.) Special

Blogling Drug Co, Stokely-Van Camp. Sunshine Mining

BRITAIN'S AIRCRAFT INDUSTRY

London, Feb. 28. Britain'saferaft industry sold £11,080,084 worth of airplanes

Denmark, showed an increase throughout the World Last

thus became the

Textron Ins

Tide water dæmi. Oll

1012

Watzion

COTTONS

Textile

Nantong

MISCELLANEOUS

Vibro

INVESTMENTS

K. & F.Z. Invest. ... 9.30

200 $1,80

LONDON STOCK

48 The

4014

301

20

דרום

MARKET

London, Feb. 26. sbock market WDS stealled today by a flurry of buying by traders covering their previous short sales.

Glit-edged securities display- ed a finer tone with long-dated Issues up from % to 12.

Blue chip industrials were

estimated the ad- Traders ditional funds mean the retire- ment of more than 5,000,000 neres from cultivation, this year.

Flaw catton exporis today totalled 1/700 bales. Total buying,

fot the hesitated shipments Mr Crotella sald in his letter pending a clearer view of the enched 3,399,520 Bales that the import statistics "point political picture in Indonesia.

BS500 Com

pared with 4,450,895 baten shipped for the corresponding New York dealer Interests period last ocason, according to action is taken by govern- | were accredited buyers in Lon] the New York Coston Exchange, ment to offer these companies (don, anticipating a lower basis and their employbes a measure for sterling. Shipment offerings of protection which they justly here were light to moderate and May deserve.

still generally about a 'cent too Jely high to interest local buyers,

Included in the few sales re.. ported were one sheets out of fly Feb./March Indonesia,

ship- Total ment at 20% cents

pound, cost and freight.

"Some of these plants in the United States have been forced lo lay off up to 50 per cent of their employers as a result of these excesive importations." Reuter.

Ban On Import

mixed. Some strength develop-A ed in chain store stocks. Unilever N. V, Improved one shilling.

Short covering neled to most of the oils. Royal Dutch rose some 5/-, Shell Transport rose 3/- while other leaders ad- one to two vanced from

shillings

Foreign bonds were mostly unchanged in quiet trading.

Dollar stocks were mixed with pemium rising to 5 per cent. United Press.

New York Sugar Market

New York, Feb. 26. World No. 4 sugar futuros closed toddy 3 points higher to 2. paints lower with sales of 90 con fracts,

trocis.

5714

Of Foreign

Car By US?

Detroit, Feb. 26.

SINGAPORE

匯

The market was quiet at the morning session with small en- quiry for lower grades mainly blankets.

In the afternoon the market was steady with some reported China

market The enquiry, closed quiet at about the day's highest levels. Future closings

were:

Volume

Open

7,990 20,000

49,000

SET,900

18.000

£15.400

10,100

183,100

16,700

100.000

15,400

40,000

1100

113.700

11,200

49.200

128,900 1,141,800 bulen

NEW YORK

Prices of cotton futures closed today as follows:

Spot: 100%; Mar:, 3620) Mow! 33.04; July 35.80; Oct: 33.83; Deo: 35. Mar: 38.20; cay, 38.06: Jury:

35.10.

NEW ORLEANS

Prices of editon futúles élosed totiay as follows:

Spot: 34.70; MAN: 32, May: 25.01; July: 33.06; dels do.86; peur 23.62; Mar: 30.87; May: 35.82; July:

report today in Ward's No. 1 rubber per ib. Mer. 70-18 | 25.10.

Aar, 78-7816 Automotive Reports, lead-No. 2 rubber per ib. Mr. 741-14

ing publication of the No. 3

No.

"

American automobile Spot rubber unbated

Blanket crepe trade, suggested the poss)- No. 1 pale crepe bility of restrictions on

the import of foreign cars if independent U.S. ducers auffored "any with

pro-

unusual reversals" this year.

The reports said that in 1957 import auto salos totalled 200,- 827 which was 110.0 per emi up on the 98,187 in 1950.

The independents at the same time fell 18 per cent to sales of

177,821 against 210,534 a tarler.

year

LONDON

SAO PAULO

7012-71 18-10

Cotton futuro closings, in 1814-2015 cruzelros

follows:

The rubber market was steady spot quoted at 22-16/16

Prices: pence per ib. No. 1 Rss spol Bottlement house term: Apr.

Julie

Apr/Jung

July/Sept.

Oct/Dec,

Jan/Mar

2014-23

per illo SUPER

July: 39,20; Oct: 39.30; Deo:-39.30. In the United States, the average price of one-inch cotton at 14 designated spot markets was 34.84 cents. ·

Total sales at these markets 47,033 bales--Walted

2356-233% were

237-23 Press.

231-234

2314-233

23914-2333

2346-25%

detoed

General markets, cit bakit, porta: yet.

2334-2374 Mar. April, and May... **The year 1957, in fret, mark- | Estate crape thin March 244 ed the first time the imports

Usick March.... 293% the independents topped

AMSTERDAM annual sales volume," the paris said.

Ja

The rubber market was quiet. The reports to said that im- Prices closed today in guilders ports of carr accounted for 3.4 per kilogram, eif March per cent of avarail anles in the follows: United States last year, while

Domestle No. 6 sugar futurés closed 1 point Inwer to 1 point the United States producers of No. 1 rubber No. rubber of 139 con- small cars had three per cont. 47) higher with sales

No, 3 rubber It

Motors No. 1 crepe said American

Studebaker Corporation had re- ment at a prics equal to about grouped their product lineups 3.43 cents a pound, fob, or ove and were depending points under the official spot entirely upon the small car market.

736 tons of Cuban for March ship-

Syria reportedly bought 9,000 Card and

31

10%

Contract No. i (world)

Mar! 350 May; 3.30; July: 3.40; 91 Sept: 3.81; Oct: 140: Mar: 331 May

BETA Spot-cente per 10. fob 11% Cuba): .

Open fotorent; 5,413 cotriraoba.

Contract No. & (dosarello) May: 5.40; Juby: 5.88; Bept: 3.70; Nov: 0.91; Boot-(vents per lb., di

Y ex-outy]; 189.

201

Time Inc.

bat

Twentieth Cerkury Fox Fil

24%

Union Oil of Cal

Brúded From

United Dai „Corp.

U. A. Lizie Co

Western Union Tel. Co.

West Va. Pulp & Paper

Swissair

pred 1998 contracte

New York Foreign

Exchange

New York, Feb. 28. Closing rates, were:

1.07 5/31

market for survival.

a.20 nom.

204 1.00

United Prem

almost New York Metal

"In this respeel the foreign car is steadily widering its bit of United Blates sulo unles," the reporté mild-China Mall Specitil.

London Foreign Exchange

London, Feb. 28. Closing rates worÙ:

New York **** $8036-200-10/10

Amatordam Copenhagen Tankfurt

281 13/70 Delian

200

Atockholm

Vertr

FR

Torch

200 19/10)

Others

2009112

ORDE

alod

This buying and operating of in terms of tonnage of 0 per month. second-hand tonnago, which can cent 1957. In 1950, the in- January

Azpisnika e only be a short-term proposl-crease over the preceding your fourth biggest business month Mir Ernest. Selenidholny, han | New. Zesterd tion. indicates thut German was only 0.4 per cent.

South Africa companies, failing help from the

in history for the nailon's avia-been elected Chalmer of the Ships striving had

Belgium total for Anne. # Federal Government, will try to tonnage of 17,41,000 tons com-

Ind obinin the necesITY

Major buyers, said, the andard of Directors of Swissair

iri saccomsian, to the late Chairs | Folkejers capital pared with 10,183,000 tona

released in nuncement

today,

Others unchangid-Valína From. themselves. Whether they can 1986, while departing tormage were make sufficient profits from rood from 10,238,000 tons to Canada and Now Zealand,

India, Iraq, Lebanon, in, Dr R. V. Heberlein,

Bwimair also state the the *: NAMESAKES. these used ships remains to be 17,237,000 tons, 1.6, an over-all The announcement soiled load Board of Diiselors will, tutoria | Incresas of 2,003,000 tons. 002 British-produced furbo-prop | 1080 ingresso, in the share It is a difficult maitor for Swedish

Vessels accounted for atribers are in ude throughinit | capital of the Coupeny by 5. ikom, even to buy second-hand 38.8 per cent of the total the world. Of these, '225 aro tondage from foreign sources, age, da compared with 23.4 per Vickery Viscounts at Bristol we funds, at the m

red bent. In da to 18 kutoa

восл.

Credit restrictions,

and the cent in 1000.

Bettannias-United Press.

meeting on April 2.

Andicación)

176376-38/28

1740330÷17409%

レール号を

unchanged-United Press,

Futures

Now. York, Feb. 26. Prices of metal futures closed

in tents per today

13. follows:

مساح

Lend

Mar.

MAY

BAY.

Copper Mar.

MAY

Tin

Mar

May

SINGAPORE

STOCKS

Singapore, Feb. 27.

Brokers today

quoted the

following stock prices:

Opening Batu Lintang Rubber Co., Ltd. 1673 British Borneo Petroleum

Byndicate

Consondried

Ord.....

Fraser de Neave

Smelters

337-

WELD'EN THO

Trade Neave 75% cut

$$.06

Gammons (Malaya) Limited BIZTAS Ilong

Shanghai

Rong Bankles Corp.

Hoc Kong Tia Lid.

Kumpag kid.

Kim Kamose Xtri Lane Rubber patates LAL Malays Breweries urge New, Berandah Tubber

Ltd:

Nanies Hotel Sinempore Cold storage 11.945 | Fitzure Trading

pmērs Ord.

21.00-cunidiva, fokb 11. TO 03.30 sa.top

United Press.

London Metal

Prices

London, Feb. 20. Prices of metala cloned točiky sterling per long ton as

Exchange Rates follows:

Business was done in the local Tin

martes dila Asumando, 8. stopmouth,49 olur (one 613 Duplies: 3 Leak, a Welsh, maltic, 8 Macedon.

Fatélien (From Shaknipasow's Henry V).

(taros kinkite 100) Mosapore" (OPEN)

pot

month

Fro

"Chiat kaut dipersa).

Trade Balance

Wiesbadet, fib, $6. Wers Clermany, had an ad- vetes foraigs, tride välánce. In January of 118 million matke, according to the Federal Brasu of Statistica,

import

Tarkey 1950 tailed 2/135 million fbarka while exports amounted to 2,597 milion Compared with Docer. Her 1917; Imports werd down by {1:1 :për ́cunt and exports. Years 20.3′′ par, vene Jower): am ühing mais Bracial,