SHIPPING
A SLUMP IN
SHIPPING
London.
The world's merchant ship- ping fleet is growing more quickly than the demand for shipping space.
by
The intest figures show that the total shipping tounage-110.2 million tone is expanding about 4.5 per cent a year.
Allowing for the serapping of this rate of obsolete vessels, growth would normally be just enough to cover the expansion in world, trade expected to deve lop over the next decade.
arc
11
Last summer (with the Canal open again) it was down to 47 shillings and the latest figure 1 30/- a ton. Even a super-tanker of 30,000 tons, with its high speed and low operating costs, nt least 28/0d a ton on this route to make a prof.
oil
The Organisation for European Economic Co-operation in a re- port pubilthed last year predict ed that world demand for would expand by 7 per cent year over the next few years, But this prediction has proved to be over-optimistic, at least for
1937-40.
1
han rato
The demand for oll grown at a much slower than expected and United States shippers predict that 10 per cent of the available tanker tonnage -31 million tons-will be unem- ployed this year. If this is cor rvel, at least another tons of tankers will be laid up during this year.
that Since been exceeded
500,000
proportion has ready, the
Jut world trailer currently contracting. It is doing so at a to be about $ Tate estimated per cent a year and many of the rhips now brhut delivered starting their lives during work slump in freight rates.
Over 4.5 million tons of ship-tanker tonnage laid up is likely to be well above 10 per cent this ping-1 per cent of the total feet are now laid up in ports all over the world. In Britain alone, 80 vesels totailing 675,028 gross tons were idle at the end of January. In Norway, 13 ships, totalling: 570,026 tons, ure laid up.
Sone of the ships being de- livered now are going directly from the builders yards Jaying-up bertha
New
Orders for
ships have fallen very
Jone
sharply:
year.
American shippers sald that, plowing for further expansion In tanker building-18 million tons are on order-the surplus will be 13 per cent in 1950 and 15.5 per cent in 1960.
DESTROYER FOR
eating yard PAKISTAN NAVY
have not had a new order
over alx months.
for
London, Mar. 5.
Some earlier orders have been The destroyer, IIMS Crispin
In-
enneelle but the formace
volved Is small. Cancellation is
expensive, costing 10 per cent ur more of the value of
vessels ordered.
the
will be handed over to the Pakistan Navy at a cero mony at Southampton on Tuesday, March 18.
It will afterwards be ronanted PNS Jahangir by Mr Mohamined Ikramullah The latter is to accept the ship on behalf of his
World figures for cancellations are not available bust in Belt
totalling orders for 15 ships. 100,000 tors, were cancelled Inst year. This is about 1.5 per cent of the tonnage on order at Bri-government tish yards812 ships agregat- ing 6.8 million tons.
PLUNGE
Ships values have plunged. For example, mi 11.000 ton day- cargo ship, originally priced at £1,105 000, now feiches about £50,000 less. The fall in new rhip prices is reflected in the second-hand market. Early this year, a 10.920 ton vessel built in 1044 change hands at £183,000. This compares with £255,000 pal a few months earlier for a 10,705 ton ship of the same age.
Guards mounted by ratings from the Royal Naval barracks, Portsmouth, and the Pakistan Navy will be inspected by the Pakision High Commissioner and the Commander-in-chief, Ports-
SI (Admiral
Guy mouth
G.C.B.. C.B.E.. Granthan, D.S.O.), respectively on their arrival,
HMS Crispin. one of the first all-weldedi destroyers to be built for the Royal Navy, has been re- nitted and
modernised at the Southampton repair yards of Mestrs John I. Therrycroft and Co., Ltd.
COMMISSION
Shipowners, in consequence, must allow higher depreciation
Stuce comundssioning in 1946, allowances for their new vessels; this is in addition to the high she has operated from Londoni- new derry with the thin anti-sub- initial costs of buying ship and, in many countries, the marine training squadron and expensive Interest on capital taken part in a number of Hume charges involved in Anancing Firet cruises. purchase.
Owners doubt if new ship cheaper to operate and maintain than war-built vesels-will be able to earn enough pro to cover these costs
She has a full load space- ment of some 2,500 tons arid an overall length of 302 feet, mean of 35 feet and measurement
draught of some 10 feet,
An announcement concerning even if full her sale and also that of three cargoes are readily available. other destroyers and the cruiser Full cargoes are not usually Diaclem to Pakistan was made no by the Admiralty in February.
available now, and there i
the
JAPANESE SHIP
Immediate prospect of any-France-Presse. change in the position. Rates in the freight markets are at their lowest for many years. In some lines, they are at their lowest since the depression of 1030's, and in at least one they are at their lowest ever.
Lux A "key" rate
the dry- cargo tramp shipping freight market is that for the earringe
Une FROM S. POLE
of coal across the Atlantic. The rate is down to 23/6 a ton--
the most level at which even
спп mode hulk carriers little more than cover operating costs.
BELOW LEVEL
do their
to
For Liberly ships built during the war the rate is 16/0 ton below the level they need cover costs in the transatlantic coal run.
A moderate increase in
میاران
Maru
Capetown, Mar. 5.
The
THE CHINA MAIL, THURSDAY, MARCH 6, 1958.
TRADE and
New York Stock Market
New York, Mar. 5. Stocks advanced for the fourth straight, session today, although prices receded from their highs near the close. Oils, aircrafts, metals and specialties. led the advances with gains running to more than a point.
The market was buoyed by the announcement that
COMMERCE
HONGKONG
STOCK EXCHANGE
Our Own Correspondant
Business done on the Hong- kong Stock Exchange this morning amounted to
appro
SECTION
Page B
Rubber Consumption Japanese Firm
Expected
To Rise
Akron, Ohio, Mar. 5.
Consumption of new rubber, both natural and synthetic, in the US is expected to reach 1,635,000 long tons by 1960-an increast of 151 per cent in the 20 years since marmade rubber came into general use---- according to
a new satellite-carrying Jupiter-C missile had ximately $130,000. Noon quota-
tions and the morning's quota-This been successfully launched. Chrysler, primetions were: contractor on the Jupiter-C, was up close to a point.
Alcoa
stron in Wis aluminium group, Some of the steels met support. Ralls were dom with a few exceptions.
New
Shipbuilding, York which announced plans to boost | Its work force by 50 per cent this year, jumped more than a point,
Textron ine.
U.. GypsEFIT
Sharer
HANKS
HK Bank XD 42% | Eat ra XD
INSURANCES
Buyers Betters
Belts
tww
the
Tido Waler A. Oil Timar Inc,
50% Union
50
Twentielli Century Fox Film
25
Union Carbide
2015
SHIPPING Wheelock
0.20
Union Oil of Cal.
Union Pacific Railway (x)
DOCKS, FTC.
United Arenuft
K. Whit..
120
United Gas Corp. (x)
Duck
$4.50
U.. Fell "23"
25
Provident
(0)
12.30
70
Provident
324 LAND, ETC.
11.00
2011⁄2 10 Hotel
XD
16
171
K Land 33.50 33.75
1012
413%
331umphreys
United Press.
XD 14.00 10.20 UTILITIES
Tram XD
23.20
Star Ferry XD
Federated department stores firmed on a dividend increase." International Telephone IOSU more thun 1 on a prediction
1956 would be a recórd
year for the company.
Of a total 1,129 issues traded, 538 were higlier, 322 lower.
Americau Stock Exchange volume was 520,000 shares,
New York Stock Exchange volume was 2,020,000 shares,
Dow-Jones closing averages
were:
30 industrinim
20 rolls
16 utillion
63 mocks
49 zida
Alden Inc. Acy, Allied Chemicals Allis Chalmers
Ami. Gas & Electric Aan. Mach. & Fdry. American Me
American Serailing Am. Sugar Ref.... American Tel American Tob. “A Anaconda Copper Armed Steel Armour
440.00
V. B. Line Co,
U.S. Rubber
U.9, Smelting
Warner, DrON,
US. Steet ...
Westinghouse Electrie
Western Union Tel. Co., ... West Va. Pulp & Paper (xd) Woolworth
SINGAPORE
RUBBER MARKET
Singapore, Mar. 5. The market opened around the previous levels and it ruled quiet with very little change in values.
There was Better enquiry for lower grades and fale quantities changed hands.
Factory buying was small, Futures:
C. Light
300 70
BOO G
300
0.25 0.25
5003310
DO & 3311
Electric xD 1750 17.00 500 17.80)
Tel. *XD
INDUSTRIALS Metal I STORES, ETC.
225.40
20.00 .50 20.00
400
17 17.30 12
15.20 16.80 1000 1500
4.60 4.06
Dairy Watson 1. Craw COTTONS Textile Nanyang INVESTMENTS Yangtze Anied
Denies
Imitation
Charges
the annual report of the Goodyear Tyre and An official of the Japan Ball Rubber Company.
estimate compares with U.S. requirements of 652,000 tons in 1940, when 09 per cent of the total was natural rubber, and with 1957 con- sumption of 1,469,000, three-fifths of which was synthetic rubber.
"The rubber industry in gen- eral and Goodyear in particular Dre taking steps to assure an adequate supply of rubber meet this increasing demand, the report reveals.
to
Goodyear's synthetic plants al Houston, Texas and Akron, Ohio were expended by 50 per cent during 1937, providing a lotni production capacity of 247,500 tonks annually,
the largest in the industry,
LARGEST
of
The Houston plant alone, ne- cording to the raport, has be- 1580 | doma the largest facility 10.00 1
kind in tho warid, employs 100 and has a produc 300015 tlon capacity of 220,000 tons of
rubber annually.
8.50
3.60
2000 # 3.03
To ΣΤΟΝ
CHARTERED
BANK
FINAL DIVIDEND
The Chartered Bank an-
No. 1 rubber per ib. Mar. 7046-703% | Dounee that nt the
»
ODIG-20
0535-00
04.60 70.00
704-7034
Annual
Australian
Trade Mission
Canberra, Mor. 5. An Australian trade mission, manufac. including 20
Tokyo, Mar. 5.
Bearing Association today vobomontly denied charges made in London that a certain Japanoso firm was selling imitation of British ball bearings in Canada.
The offelal expressed surprise when told the charges made by John King. whose company Pollard bearings in England, that the "Mitsubishi Heavy In- dustry
was exporting imita- tions of British ball bearing 10 Conada
The official said there is no auch firm as the "Mitsubishi Heavy Industry" which makes ball beatings.
Meanwhile, a spokesman for the Mitsubishi Shipbuilding and Engineers Company also denied the charges.
CLOSE CHECK
The official of the Japan Ball
turers, bankers and busi-Bearing Association said that nosimon, will visit Singa- since
the "Bollard" Incidents pore, Malaya and Thail-last September, the Association land next month,
has been keepling close check on all ball bearing exports,
The Trade Minister, Mr Joha McEwen, said today that the clation
He explained that the Asso
which many well- Japanese ball bearing equivalent government sponsored mission known an amount of natural rubber would would offer products ranging firms participate would certainly from breaitfast foods to the "know it some companies were require a plantation of 323,000 erection of concrele buildings, trying to imitate foreign designs and from wines to radio equip- and send their products abroad."
acres planted with 36 million rubber trees. To bring such o plantation into
production meat, take the services would 05,000 workers and a capital in- vestment of $104,000,000.
of
Although the synthelle rubber Apr. 701-76% General Meeting of stockholders industry under private manage- ins added 500,000 tons of No. 2 rubber per lb. Mar. 12-13 to be held on April 2, 1956, the ment NO.3
Directors will recommend a final additional capacity in less than 10- the steadily months, dividend of 7 per cent actual, 30 subject to Income Tax, making creasing worldwide demand for a total of 15 per cent for the rubber and rubber products in- dientes that early in the next year 1957,
decade there will be a shorloge
its port.
The mission would emphasise Australia's great industrial ad- vances in recent years and its ability to supply much of the needs of South-East
Asian
The official "polated out that his association was not at fault even when the "Bollard" inci- dents occurred six months ago.
He declared that the incidents would not have arisen had thero countries for their development not been an indian trader who
second requested HA
class Prospects for increased trade Japanese ball bearing few in with Malaya, Singapore
and Osaka to make bearings similar to that of British Pollard.”---- Australia's exports to these United Press. Thailand were good, he said.
countries already totalled £20 million Australian unnually,
programmes,
The Parliamentary Secretary
The rubber market was steady. In the consolidated accounts of of natural rubber, says the re-for Trade, Mr R. W SINGAPORE
102.74
181.00 0000
Conn. future prtee index ..
130.00
Closing Prices
$ 17%
24
An. Brake Bling American Airline American Cable & Radio Costa, American Cyanamid Co...
4
ᎬᎢ .
No.
Spot rubber unbaled
25!
Blanket gepe ....
No. 1 pale crepe
419% 1704x3
LONDON
70%
40xü
71
13 per lb. Prices:
11
No. 1 sapot
24%
Dencücial Finance
21
Apr.
Bendix Aviation Corp.
40
May
Benguel Cond.
Junio
subsidiaries the following appro-
have ........... 2215-2234 priations
been made: Selticment house termo
Pension Fund £125,000, widows £20,000, 2211-21 and Orphans Fund 22-2214 Written-off
Bethlehem Steel
30%
Apr/June
Boeing Airplane
34
Oct/Dre.
227-23
Dorden (The) Co.
G3
Jan/ar.
Burroughs Add Machine
301%
General marketa, elf taxis, ports:
Campbell Soup Co.
Canadian Pacine .
મ
March. April and May ... Estate crepe thin Mar.
Care (3. 1.) Co.
154 Thick Mar.
zaid
k
817%
1311
C.I.T. Financial Corp.
401
30
40
The rubber market was steady. Prices closed today in guilders per kilogram, elf March as
54
34
follows:
No. 1 rubber
5311 No. 2 rubber
28
No. 3 rubber
Aura Cone. Mining Baldwin-a-Har
Baltimore & Ohio
Cal. Tractor
Celanese Corp.
Chase Manhat. Bank Chrysler Motors Cluett Peabody... Colgate-Palmolive Co. Colombian Carbon C Commercial Credit Commonwealth Elve. Consolidated Edison Continental 01 of Del Crown Zellerbach (xd) Cuban Amer. Suger Diamond Match Co. Douglas Aircraft Dow Chemicals Dupont de Nemours Eastern Atrine ... Eastman Kodak
El Paso National Cas Family Finance Corp,
Firestone Tyre & Rubbe Ford Motor
General Electric General Foods
General Motors Gen. Pub. 1. Getty Oll
Goodrich (B. F.) Co. Goodyear Tyro Gulf Out
Homestake Mining Cử Ingersoll-Hand
The Japanese ship Soya Cidden Co was expected to arrive here Friday from the Antarctic, where it underwent wecka of punishment in the Polar ice packs.
The exact time of the ship's arrival way not yet known here. There was a possibility that it would have to be put in drydock for repair of damages to the kull.
The Japanese tean of selen- tists that spent one year in the
mand for shipping space would Autoretle is aboard the Soya
do little to improve these rates Moru, since the bit reserve of Inid-up They
try-cargo ships-2.649,000 tons from
will proceed by plane Tokyo, Capetown to
at the beginning of February-although no date has been sel
would dampen the effects.
Shippers say that only. really big revival in either, the to arrive from Pretoria Thurs- con or grain trades couid pro day evening duce a sizeable and lasting ro- covery in the dry-cargo freight market.
to welcome Consul General will come from Saturday-United
Inland Step) Co. Interchemical Corp.
In Business Machines Int'l Harvester International Nickel International Paper Int'l Tal & Tel John-Mnavilla Co. Kansas C. l'ower & Light Fennecott Dopper Higgott Meyere Tob. Co. Lockheed Aircraft Loews Licorn. Lone Star Cement Co. Lowenstein & Sons. McDonnell. "Aircraft Stock Exre.) ............ Mesabi Iron Corp. Minnesota Min Milanon Development Zionsanto Chemical Co. Monikomery Ward .. Motorola the. National Con her. “ National Dairy Prod. National Lead
with spot quoted at 22% pence The Chartered Bank and
AMSTERDAM
PROBLEM
programme
Rank Premises Goodyear's
for
2236-221 £250,000, Contingencies £220,- meeting this problem is the syn- 000; leaving C438,458 to be thesis of natsyn rubber a man- carried forward, Net Pront made polymer essentially iden
A pilot for the year 1957 is £1,000,800 tical to tree rubber. compared with £804,641 in 1956. plant was recently completed to provide engineering data for the design of a commercial plant.
2.10 noun. 2.50 buyers
BANK DIVIDEND
The Mercantile Bank of India, 1.17 com. Ltd.. announced this morning that its board of directors have
of 2.30 buyer recommended payment Note New York rubber prices Anal dividend of 64 per cent were unavailable today-United less income tax on the increased 271 Press.
494 No. 1 Crepe
4012
20
capitul.
The New
York
Cotton Market
New York, Mar. 5.
Cotton futures today aggressively resumed the advance, moving up more than $2.50 a bale to lift most new crop months to seasonal highs.
The
March, 1959, contract May crowded close to the 301⁄2 cent Jilly
Oct lino before the market ran Inte Dec. stiftening resistance,
10,300
20,000
15,000
270,000 117,700 190,000
11.200
110,000
Mar
5,500
102,000
May
0.200
110,700
13M
The market opened up a to
July
0,500
63,700
33/
26 points. Now Oricans
cloerd
Total
01,400 1,110,000 bales
123
(Am
up 20 to 31 points.
Urgent covering, plus a trade
20
will lead the mission, which leaves Australla on April 16 fur a four-week tour.-Reuter,
New York Sugar| Market
STOCKS
Singapore, Mar, 0. Brokers today quoted the following stock prices:
Opening
$160
Baju Lintang Rubber Co,
IRA
To increase the quantity and World No. 4 sugar futures/Fraser A Neave 75% cum,
quality of natural rubber, re-
and planting
planting programunes are under way at
the
ww
yod
Philippines,
Now York, Mar. 5.
pret 1 today closed point Gammon (Malaya)mited 82.30
Hongkong
Banking Corp. higher to 1 point lowor
Hongkong Tin Lid. with sales of 475 con- Kumpas Lid 111
Ku Lumpur Tin tracts.
Lunas Rubber katalas Lid.. $107 Malayan Breweries
$3.50 Tomestic No. 6 sugar futures New Berandah Rubber Co.
British Borneo Petroleum
Byndicats Consolidated Tin Smeltere Ord. ......*** Fraser & Neave Ltd. Ord. .. $2021
37/-
$4.05
Shanghai
$440.
$2.00
the company's plantations Sumatra, central and south America,
Raffles Hotel
The Goodyear report disclosed unchanged to 1 poltt** Ita." closes that the company last higher with sales of 57 contracts. Petaling, Tin Lid, yuar spent $802,947,203 on plant World futures were irregularlySingapore Cold Biorare.... expansion and improvements. lower, taking eue from the Straits Trading
Steatositip of the Taw United Engineers Ord. In addition to a $10 million casing trend
Wearne Brow enlargement of the Houston eltuation.
Sweden was the accredited synthetic plant, major projects Luyer of 10,000 tons of bulk included construction
Cubas, March-April shipment,
Market observers said there
fully automatic Чуто curing plant at Los Angeles, Califor- at 3.35 cents a pound. nia; a new tread rubber plant in Chehalis, Washington completion of new tyre plants the $11 Colombla, Venezuelo,
and Scotland-
Philippines China Mall Special
Dad
*exdiv-China Mail Special.
London Metal Prices
appeared to be an increasing tendency for many in the trade to lock toward the international
London, Mar. 8. which sugar agreement,
Pelees of metals closed today tablished a minimum price of in sterling per long ton es 3.25 cents for Cubas, as the follows: price-stablising influence.
Contract No. 4 (world)
Spot (cents per ib fols Cubaj 5.33 Open interest; 8,426 contræets.
LONDON STOCKI
May
July
Sept
Oct.
Mar
MARKET
Contract No. 0 (domestle)
London, Mar. 5.
May
July
Sept.
35.70; July: 3.A: Oct: 30.16: Dec:
firm today but most of bullishness yesterday's was missing.
Nov.
NEW YORK
Prices of cotton futures closed The stock market closed
and commission house demand, today as follows: reflected dimming chanes fur 33% any increase in the allotment
Spot: 34.00M; Mar: 35.31: May:
this year and farm bloc apport- 30.14: Mar: 302); Moy; 26.35; July: 41tion to any administration plans 3533.
to lower price supports.
4042?
a
for their departure.
Japanese Vice Consul Itoh is
Buy?
the
National Steel Corp. New York Central Norfolk & Western Ily. Olle Mevators ...... Owen-Illinois Glass
634%
รี
517
14
54
607
£23%
4334
the risc,
TA
With the winter halg over and Blocks of coal and gralix high in Europe, the possibilitios such a revival are negligible.
Over 3 million Long
of
expedition. Futamate Pretoria on
Press,
of PAKISTAN'S FIRST
oil
tankers are laid up, and own DRYDOCK
CTV 600 no signs of any recoVCTY
in the demand for oil carriage.
Single-voyaga freight rates have
Karachi, Mor, 5, President Iskander Mirza to- most modern tankers for some day officially dedicatet Pakis
been. unprofitable for even the
months.
Oxford Paper Co. Pacific Gas & Elec. Pan American Airwayn Paramount Pictures
Parke Davis Co. Penny J. C. Co, Philip Morris Proclor&Gamble Co. Pittsburg Plate Glass Publieker Industries Puro O Hadio Corporation Republic Steel Reynolds Metal Boats, Rocheck & Co. Bhel Oil Co...... Saint Reg. Paper
Sluntate l
stanford rende Standard Ol of Chi
Lan's first drydock, a 600-by-socony Bolsiui 00-foot facility which will go-Soler Aircraft Rates in one of the most Im-commodate liberty ships, cargo Bouth Puerto Rico Sugar
Boullens Do, (Tim) portant tanker routes are at the tankers, small passenger ships Southern National Gas lowest recorded This is the and navy vessels up to cruitor Southern away (Com.) passage of oil from the Pervlar | Kro. Chull to Britain
and Europe, The drydock, first of its kind and out of Ind through the Suez Canal At the in this region, was built by the | Handard Oil of height of the Suor crisis (De.... Pakistan Industrial Develop-ty-Van Camp. cember, 1950) the rate (for ment Corporation
an Studebaker Packard Corp, voyage round the Cape) rocketed estimated cost of more than Bupimine. Laing
wirt & Cu to over £19 për tón.
US$3,000,000 Unlina Prom
At:
Sterling Drug Co,
Tek Co
Trading was not particularly active on the rise, Technicians sald the upswing was furthered because of seller warinosa in faro
of farm legislation un- certainties,
Old crop
news from
NEW ORLEANS
Prices of cotton futures cloned today as follows:
Spol: 34.88; Mar: 35.40; MAY: 33.63; July: 33.92: Oct: 30.14: Dec: 3510 Mar: 30.24: May;1-3045; July: 8532.
monika shared In gloomy despite the
the textile market,
deepened today
LIVERPOOL
Glit-edged securities Ad- vanced on news of Britain's im-
CS
0.00 0.09
5.40
United Prem.
Spot (cants per ib. cif NY
ex-duty. Open interest: 1,683 contracio
proved gold and dallar reserves London Foreign
Blue-chip industrials
mixed in listless trading.
were
Exchange
Oll issues were in demand
London Mar. 5. with Royal Dutch advancing
Closing rates were; than two shillings and New York
201-74 other leaders rising Montreal
Amsterdam Copenhagen Frankfurt
Parts Stockholm
пого several Colton future closings, in more than a' shilling. pence per 1b, were as follows:
Foreign bonds fractionally mixed. no
by the dreLS» und the
malcers strtico 471% sultant request from converters to defer deliveries on apparel
402%
Old contract Mar/Apr: 24.00; May? June: 24,90: July/Aug: 25.34; Oc Nov: 25.00; De Jan 20.09; Mar Apr: 20.10.
New contract Mar/Apr: 25.46:
were mostlylian
Viena Dollar stocks were firm and Zurich
May/June: 23.75; July/Aug: 26.20 quiet. Their premium improved Oct/Nov: 25.03) De/Jan 25.03 to 59 per cent-United Presa. Mar/Apr: 27.03
BAO PAULO
2016
4x Lubrics.
3012
4812
Two delivery notices were issued against the March con- tract today. Open March co tracts totalled 29,100 bulez. The certificated stock remained at cruzeiros per kilo 22,745. balos.
follows:
+
Cotton future closings, in Exchange Rates
work
· Bondnews, wus. done In the local Yuty: 38.00: Oct: 29.35; Dee: 49.00.
exchange kuarket this Cotton
exporters so far this
In the United Blater, the unofficial
morning at the following rates:-*| person totalled 9,100,030 bales Va average price of one-inch cot- u.a. dollar (per $1) ******** 4,005,402 bales skipped for the ton at 14 designated spot mar« - Marling notes (per: £1) pass Australian notes (per 21) .. kate was 34:02 cents.GIN 316 | corresponding period last year.
Total, sales were 27,090 bates; Indoneidan rupiah (per 100) 10.30
Bians tical (per 100 ASTAAK -United Press,
Bingspore traits)
Month
Mar.
Volume Open "interest
1,000
39,700
13.85-7200
12.2755-12.20
1/14
Otan unchangedUnited Pres.
New York Foreign Exchange
New York, Misc. B. Closing rates were: 4. Canada. 16.00 England ofifçin)***
30.00 | Medituum
1.80
12.47
30-days
доровь
Oliers unchaheed
Tin spot
buyers sellers
732
TAZI
3-month
75014 740
Copper spot
102
103
3-month
103 105
Lead let half Mar.
June Zinc 1st half Mar. Fuse
G3% 04
OTTL
-United Press.
New York Metal Futures
Now York. Mar, 5.
Prices of metal futures clorod
( today in cents per lb, as follows:
May
2400 BEA
MBY
Copper Mar
MAY
ΤΗ
May
11.00
21.475
DADO
11:36
0425b
味
United PrWEL
London Silver
Tho
Prices
London, Mar, 5, price of silver was quoted në 70% pence for spot and 76% pence for forward, United ProM.
NAMESAKES
Apawers-1 Work, 2. Physi clan, 3 Blood,' a Cireulates. Discover,
Research,
Medicino, à Heart, 0-
Arterios 17
10
Velor,
Boowledge, 13:HUNDE?).
Willard Harvey,
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