1958-04-09 — Page 9

TRANSPORTATION

The

TRADE

THE CHINA MAIL, WEDNESDAY, APRIL 9, 1958.

and

COMMERCE SECTION

HONGKONG

New York

THE WORLD'S IST CROYDON AIRPORT Stock

OCEAN TERMINAL

Finnart, Apr. 8. COTLAND is to have the

OTLAND in to his

Europe. It will be capable of providing berths for

TO CLOSE DOWN

Croydon, Apr. 8. ROYDON, one of the the

Cent airports in world, closes this summer.

Thirty-nine years ago the first lankers of up to 100,000 British airliner took off frem a tons. It will be completed step of euterate in Semiti for the British Petroleum London, Company Ltd, here at Lochopening Long within six months.

This was Croy.lemy's and it ceremony, became London's mula gateway up to outbreak of World War 11.

Landin Croydon is foo near Airport's contrul zone for safely airliners maintained as cost be

and farter become ever bigger 242141

and air trafle grows thicker and more complicated.

The cost of the extendye new project which is expected to be The first t the world the of papable of harbouring such a

wil hligh fore, approximately £2,000,000 form an extension to a terminal helf a mile to the south, ant will be linked with the cam pany's refinery at Granith by the extating 57-mile pipeline. This pupeline was brought her- us when to use even grafs the set Finnart tanker terima

It is capable come into mervlet.

of carrying about 1,000,000 tas: hore of annually than is a prestal demanded of it. INCREASE

The B. P. Cranpany in associn- tion with the Finnart expansion, as spend £6.000,000 to the ene 1 capacity of x Grangemouth Tutinery from 2,200,000 2,200,000 trans a year.

12:0

NO ROOM

Their is no room for expan- sion AL Croydon R e: not commedate plant jet Comets. turbo-prep Viscounts ard

engined Stratocrub piston Constellations and Hermes, Only small airerall ran use is Fat- ways and traffic is, by modern standards, negligible.

Market

New York, Apr. 8.

The stock market scored its first gain in the past

STOCK EXCHANGE

The New York NEW YORK

RUBBER

Cotton Market MARKET

New York, Apr. 8.

Cotton futures today soc-sawed narrowly in another quiet

trading cession.

30

10 sessions today, aided by favourable econo-

Closing prices ruled Our Own Correspondent mic developments and corporate news.

lower to 4 points higher. The Business done on the Hong-market opened. off to 7 points.

Stock kong

Exchange this New Orleans closed The rally was achieved on slightly lower volume,

which helped to dampen enthusiasm some-morning amounted to approxim to one point hither,

Smulk orders either way in what. But it was still the best market in two ately $943,000, Noon quotations

and the morning's transactions fluenced the hour-to-hour trend weeks.

0s the rank and Ale of traders awalted new incentives,

Alrerafls werfairly active, Soul Puerto Rico Sugar

Southern Co. (TAT) late in the day following - Bus National Cus

contracts nouncements of new and a prediction that spending sharply will rise

Standard Oll of tod for musica

Standard Oll of N.J. in the next three years.

Steep Back (Toronto Exge.) rise arching Drug Co. Indications that the

is levelling off Stokely Van Camp. unemployment

3:udebaker-Packard Corp. auto sales nud reports that

Hunsine Msing perked up inte last month help: Awift & Co. ed to buoy the market. Stepped Texas Co. up construction wellvity with the coming of warmer weather also helped to give the market a better tone,

EXPLAINED

In lividual corporate develop- ment explained the Auctuations in a number of troues, Lorillard lost a major fraction on dis- appointing

report; varnings Ormed on the improved Autos sales picture,

which ran Even the steels, inle selling yesterday, after the another pro- AREATANCEnt of

cutback, mut support, The aute sales report helped the sko, Ralla favoured the ug side, as did utilities.

companies still Aircraft EKİ thing Croydon will move to the te. new Gatwick Airport, to

month. By 1059 topted this

Croydon will be altered to sale.

duction Local councils hope to regnao B. P company's shij ging organisation is to bulihe airlield, is it 100 seres funky ther: up to 65,000 tons, Fegarded

V potential houseg sites within 12 which are exprefed o Flmart regularly where there insies of London.

OWNL

is the ueersing depth of water and facilities for Jarge ships.

amateuvring

a new jetty lo nllaw a roluimum

of the

ext to y

A big housing appear within a Kw years alexe The THIWHYS

which

1:0

Werk has already started on Bantubol class adrliners. forerunners af tulay's luxury transports, took it enger

Nights across the world.

of 55 ft of water at low water,

its assocluted sterge tanks with

be 60 ft. hich,mand hold 6,090,000

callons of .

The banks of the loch ro THE DECLINE steeply towards the water at

thi will necessiţate the site, extensive excavations to

W the set of the World ével War 1 in 1999, the importance

the site. Precautions have aise of Croydon as a comperetul been taken to prevent Di airport first began to wane. sering?

through underlying ↑ The Hyal Air More "Pinangd

„Jisstry! tek to Lech Long.

Oure the plant is completed, It will be closed down for a period of three months to modernisation:- United permit

VISCOUNTS ONLY -FOR-BE.A.

ALMOST

1680

control

and

coanercial

Lperators diperunt 10 Bri and Liverpool.

At the end of the war civil eperators returned, but the new for bigger alteraft with ri

operational needs 2001 renter became apparent, Plans Look

a new airport, shape for present London Airport, harder and longer ruways.

1 with

when

By 1947 nearly all the major London, Apr. 8.

International airlines which tised British Crown had moved to London

only private European Airways Airport and

charter compatties remained. international passenger ser VİLEN will

tarbe

companies A null band of Viscount air- main at Croydon today, but prope her iners after mid-summor.com they, teo, must go, according to Lord Douglas! Sul, many hope that of. Kirtleside Corporation the aircraft takes off and the beacon tid Life Hights are chairman,

dimmed that Croydon will not uranorked, The only exceptions will he

be allowed to jude. serviers to obscurity Jocul Gibraltar The

as has so often and the London-Salzburg flights | keep the

with other case where runway restrictions still furie places.

mecessary to

Perhaps some Mling memorial Elizabethan will be erected to this nursery All remaining

British air airliners will be withdrawn. of China Mail Special.

make Pionalry.

1:

UM

Reuter.

Telay sales tolalled 2.190,000. Of the 1.104 rues tra1017, 605 231 higher, and only

wer tower.

American Stock Exchange sales dropped to $10,0us shares. 1ond volume was $5,520,000. -. Dow-Jones closing averages

were:

2) Mustikale

20 -

ia uulit:ex

335

stinks

40 nads

Cumin, Lutate price Thaix

412.3

131 03

74 02

130.8

118.77

156.33

Closing Prices

Akten The Aby

Alised Chemist

721

Alt Whahiri s

2314

Am Brake Se

Americunt Atline

A Cable & Radio Corp.

+

American Cyangmild Co.

35

Am. Le Forg. Fower

12

A Gar kiretri

Am. Mreb, & rúry

American Metal

American Smelting An Sugar Ref. American Te & Tel

Amertean Toh.

Anunda Copper

Armen-&tvely

Armour

Allus Cons. Mining

CAL Tractor

Celtics Catp.

were:

shares

BANKS

HK Bank

INSURANCES

Wheelock4

one lower China's Tin?

No Worry,

-A return or eldarlug weather improved California, tid

and wenther news from neted to carb sections,

Interest.

Textile

market dullness, with reports of

further mill curtailment, and a

Mayers Belle

26

20%

133

Sales

1003

30

Standard off of Chi

Southern Railway (Com) Standard Brand

AB

L' 71.50

crop

44

Waterbot

13

1536.45

other

0 13

1,500 $20

new buying

DOCKS, UTE,

K. What XD

104

100

200

100

500

107

Dock XD

45

050

40

Provident 101

XU

quiet demand

11.30 11.58

500

11.30

2,800

1.0

1,000 $1,40

200

11.48

20170

500 17.30

17.40

1.000 17.30

Texter Inc.

TIGI JIK

Waler Arin. 04 Twenteth Century Fox Filin Union Carbide

Une off of Cal

Urion Pacific Trailway

Inited Alterati

Untied Gas Corp.

US Foil "B"

US Uypatin

S. Lice Co.

19.5. Rubber

U.S. Smetung 13. Sleet Wing

Wiede

Fre

West Va. Palp & Paper Woodworth

LAND, ETC.

HK Hotel 17.20 17.30

1500 22.13 25.03100

IK Laut Really.... RUDDER Amalg.

1.476

XD UTILITIES Tran

1.10

22 M

34

-Balted Press.

Taipei And Malayan Joint Venture

Singapore, Apr. 9.

for spot cotton,

were other handler

Says Malayan

Kuala Lumpur, Apr. 8. Other traders felt the recent The lower price of the tin offered by Ching to Japan

rise to the highest level in nearly 54 YCHTE discounted some of the bullish aspects of the situation.

Conversely, sellers were cau- 17:30 tour in face of the canines 3225 uberlain long-term

5.000 1.50

for

}

a

New York,, Apr. 8.

10

Rex rubber futures today

closed unchanged to points higher with sales

of six contracts.

May

July

Sexit

Nev.

Jon.

Mar

May

20.05

20.00

Standard contract clased un-

changed to 10 points higher

with no pales reported.

Mas

July

الرسمية

Nuv.

Jan.

Mar.

May

aj

26.50

20.35

20.0

54.00

20.00

20.00

20 ca

The fatures and spot markel remained eloss

traders awailed developments generally. Shipment offerings were moder- atp but consumer Interests hore was practically ni. Spot No. 1 Res was quoted at 28% cents.

AMSTERDAM

The market was duil today. Prices were all unchanged.

SINGAPORE The

market opened ground the previous levels and cased fater on. Hedge selling was on aqulet market.

was the only factor to cause any worry, mining circles said hore today.

Otherwise, the announcement that China was selling in are fure, elus expectations

loan and directly to Japan caused little higher governmicat 1.375 1.00 28,000 1.30

prospects 3.309 1.30

eutback of concern here. for

One prominent miner said It There was some switching 5.000.000 neves this year under

mado practically no difference. operations mainly on April Nɔ. the soil bank progisinini's

He said: If Japan does not Rus. Future closings were: 24 304170

Evening-up operations in the 307 71.70 100 21.00 May delivery, anticipating first

No. 7 rubber per 1b. April 7076-7715 May 2016-2014 1,500 se 21,80 police day April 24, wh, a enn- 2.000 2300 ribuling feature. The May pasi-or dispose of it through Russia," rubber per 15, April 7219-73

The only point that could 155,800 tion Loxlay 1003 bules. The certificated stock re-enuse some worry in the price Spot cubber baled

factor. But even in this, when anket creps 32317mained nt 23,452 bales.

·300 17 GO

exporte for the one considers that Malayan tin Raw calton 1,000 17,

5001719 season to late totalled 4.080.137of a better quality, it really

bak bates vs 5,504,645

last is of no problem at all."-Neu- ylar, according to the New York ter Cotton Exchange,

117

1128

Star Ferry Yaural XD c. Light

22

17.40 17.00

150 21.09

Eectric

...

20.70 20.00

540 6 20.8O

2.000 2.1K

500 ... 30.0 1,000 O

Telephone

28.40 20.00 1,000

20

28.40 2012 2,500 2. July

Month

100 2811

500 2012 Dec.

Mar

INDUSTRIALS

Cement. 20.30 20.80 500 20.00 May

Rope

A group of Formoson indus- STORES, ETC.

Totalled

Volumes Open falergin

IL.

103,KA)

$0.5

107,2

223,1990

9.500

117

7,500 130.00

$1,400 137.500

4,400

$2,000

85 1,682,700) balıs

NEW YORK

Prices of cation futures closed

200 20.00

Jay

24

Total

..... 17.30 11.50 1,800

17.30

300

17.40

it it.20 50

11

3,300

$1

4.55 4.499

0.70

trialists and Malayan Dairy building contractors plan- waton ned a S(M)2,000,000 COTTONS cement factory at Batu Textile Caves, five miles north of INVESTMENTS Kuala Lumpur, the Straits-Yanglaze Times said today.

The Times said work would

Nanyang

Sungala ....

today as follows:

Spot: 29.90

July:

26.03.05;

35 20: MAY: 26.03: Dec: Mine: 30.1: Mitev: 20 Juny: 36.11

NEW ORLEANS Prices of cotton futures closed ~~,900~~~~20-|-10day-as-follows;

5.40 1,330

1.50

start this year, with Malayan London Foreign

shareholders contributing half

42 initial capitel and For-

12+12

27

173

"

BAIS

C.1.T. Financia: Corp.

mos dhe uter half.

Machinery

and

technictin

would cuma from Farmes, the Tlines sold, and Mr Lve Leong,

weng, a former governor Fuklen Proviner, wild

19 the new arm-Reuter,

Exchange

London, Apr. 8. Closing rates were;

New York

of

i Mantreni

head

LONDON STOCK

MARKET

Amsterdam „Copeklingca

Man Stari Vienna All

Prens

Spot: 34.05; Miey: 31.70; July: 36.03; Del: 36.30; Dee: 30,50; Mur: 3070; May: 36.75 July: 38.94

LIVERPOOL

Calion future closings. In pence per fly, were Contracts May/June

cos Icllows

́ ́Ainericää" 24.5: Juldur.. 24.70; Oct/Nov. 21,50 Dec/Jan. 23.50: ar/Apr 26.20.

buy from China, China will drop the in on the European market

India-Japan Trade

Agreement

New Delhi, Apr. 8. India and Japan today

finalised the trade agroo-|

mont signed in Tokyo on February 4 by exchanging instruments of ratification here.

The two-year agreement pro- vides for "most favoured nation!! 2.41-11/16-281-13/15

Mixed Contract: May/June, 25.20: treatment and interchange of 2.73-81/16-2.23-13/10 July/Aμ.. 26.72 Oct/Nay. M0.001

technical skills in particular in Dec/Jan., 26.67) Mar/Apr. 2012.

„840 PAULU.

the field of economic develop- ment.

10.30-20.67A-

174032-17463

1172-11824

52.74-72,77

New York Metal

No. 3 No.

tin. pate crepe...

JI

F3

59-0914 016-071 701-7731 0314-04

.... 70.00

LONDON The number market was very at 23- quiet with spot quoled 1,30 pence per tu. Prices;

No. 1 Ren spet

......... 23-2316

| Seiglement House term:

May

July/Aug.

23-231

June

23-201

223-23

Det/Dee

23-231

Jon/Mal

23-234

General markets, elf bars, ports!

April

2714-223

May

2239-222

June

2146-221%

2376

-United Press.

Estale crepe

thin April

hijek April

New York Sugar

Market

New York, Apr. 8. World No-4-sugar-futures-

closed five to eight points lower with sales of 842 contracts.

Domeslle No. 0 sugar futures closed-unchanged.tu_3_points...

of 179 con- India lewer with sales

tracts.

Trade buying und covering prices after a sharp

uncovered stop-loss selling, drifting prices down as much us 10 points.

In the United States, the aver-will reciprocate with iron, steal, forenoon reaction. Liquidation

age price of one-inch cotton at 14 designated spol markets was 34.55 cents.

and

Cotton future closings, in

Under the cement, $13 мете cruzeiros per kilo

will export lo Japan spices, tea, unchanged.→→ United follows: others

Iron and manganese July, 42.00: Oct., unquoted; Dec.. tobneen, 42 80; Manquoted,

ores, salt, men and coal. Japan steadied

railway equipment, machinery,

and chemicals ships

January pharmaceutical products, in the period from through September 1957 Indla had an adverse trade hainnee with Japan of 180,000,000 rupees (US$37. miniony Untres Press,

Futures

Total sales were 11,679 bales, New York, Apr. 8. of metal futures closed-United Press.

market today was the rush touny in cents per b. as follows:

May

July

واندگی

Baldwin1-21110-Hati,

Baltimore & Ohio

232

nul

Itenclicial Finance

Benedix Aviation Corp.

Benguet Cons,

Bethlehem Steel

Boeing Airplane

30%

Burden (The Co,

074

Turtonghe Adil Machine

2025

Campbell Soup Co.

Comidian Pacine 1.

2416

London, Apr. 8.

Came ( T ) Cv

The striking feature of the

Pelees

Chrysler Muzes

Cluett Peabody

Colgate-Paliwdive Co

SPAS

Colombian Curtion Co

34%

to get British Government Lead stocks before bank rato is Zinc again lowered,

July

Commerbl Credit

Commonwealth Elec.

P

Consolidated sun Continental Oit of Del Crown clitzbuch

AUT

War Loan denund and

TOKE

was in special

13/0

Copper May

July

4013

4911

to its 2- Old of £75.

Tin

May

July

20ty The railway

stock gained nearly 12/-.

17540

1019

B

572

M

transport-Cuban Amer. Sugar

Plamond Alkal Diamond Match Cu Dinas Aircraft Dow Chemienia Dupont de Nemours Fister Airline

Eason Kodak

Par National Gas

Family Finance Corp.

Firesline Tyre & Hubtær

Ford Motor

General Electrte

General Foods

General Malon?

Gen. Fab. UNI.

Celty a

00

5,20-21

10.70D

0315

22.501

22.500

01.fab

01.500

Untied Preux.

in

London Metal-

Prices

Laudun, Apr. B. Prices of metals closed today long ton ns

Exchange Rates

Business was done In the market uhoitical exchange 728

morning at the following Yates:- US. daltar (per $1)

Selling reflected a pick-up in plus Cuba il cperations, reports that increasing quant- ties of sugar have been moving

the Fat ***

Dumesile. No. 8 contracts held relatively steady. Setbacks have been limited because of the Hawailan sugar workers' strike which has cut off supplies from that area since February 1.

Contract No. 4 (wart): May: 3.37: locutul 3.37: Oct.: 3.30; Mar: 3.07

fot this May: 31: Sput-icents per

COR): 342;

interest: 0,040 5,70 contracts. 10.07 Contract No.. Idumestic): May; 12.58 8.00, July 5.14 Sept: hp, NOV: 6.37: Nyerents pes b. clf NY ex-duty); 6 Open interent: 2,402 echimats United Pre

per sterling

follows:

buyers sellers

Tin pu!

211

731

th

728

Copter spot

192

3-meath

1724

Leud 1 harit Apr...

71%

712

Jiy

15

7124

Zine 1st half Apr.

MEL

#11

Australian notes (per 21).. Indonesian rupiah

per 100)

FILMU

July

$1

014

Stam tical per 100)

06.70

United Press.

Singapore Straits;

1.48

Bter:Ing not (per 1

Open

ANNIE DOUAREN 19-year-old queen of Parls,

6714 compared with peak month's

Consols rose 12/6 to £60%.

nationalisation New York Foreign

This encouraged A certain amount of buying of the very high-grade Industrials but the welling-due

to the Americau

Wall reccusion and

Street's uneasiness—virast enouch ແຕ check most rises beyond Od or DIRA Bel.

1

Textiles were all lower but 20selected engineering awul elec- trical equipment shares Im- proved utrifte.

Glider Co.

N

Gantrich AF Cas

Gosidyear Tyr

Gulf 9:1

LOT!

Hentake Ming Co.

Heyden Newport Corp.

13

37

Ingersoll-Rand

In end Steel Co.

74

Interchemical Carn.

3415

inyl Business Machines

Int Harverter.

International Nickel

7324

Internetional Paper

JONI TUL. & Tel

John Manville Co Kansas C. Power the Light

Kentecoll Copper

kett Mesers Tok, Co. Lockheed Aircraft... hows corp. ******* Lone Star Cement C5. wenstein & San. Mefon:1611 Alfcraft Stock Exgc.) ........ Merabl Iron Corp. Minnesota Mining

Mision nemt

Monsanto

Maulgomery Ward

Mateula Ine:

National Casti Reg. "A"

National Dairy Prod

National Lead

National Steel Corp.

New York Central

Norfolk & Western Ry.

Olin Mathieson

O Elevatore

Owen-filingin Glas

Oxford Paper Cu. Pacific Gan & Fire.

Acrican Airways Jaranidunt Pictures Parks Davis Co. Penny J. C. Co. Penn, Salt Co. harris

(rocter & Gamble, Co. Pitsburg Plate Giam Publieker Industries

Hadlo CorpuCATION Radio Corp. Bref, Republle Steel

Heyolda Motal

Bears, Roebuck & Cμ,

used a Manila-bound airliner as a post-card when sho pencilled in lipstick an invitation to tourists to The protty Parisienne will reign "Come to Paris." over major events of the tourist season. expects to entertain four million tourists during their of

year.

Paris

Shell Oll co

Reint Hor Piper

Fugany Mahijoli

"Bolar" Afroraft

(Am.

In the oil British Petroleum and Royal Dutch closed vir- tually unchanged, Shell Trans- port Improved 140 and Cami- dian Eagle about 1/-

Foreign bonds drew prac- ileally no buying or selling, Germans, Japanésë and Chinese closed gll unchanged-United Press.

Singapore Stocks

Singapore, Apr. 9.` Brokers today quoted the fol- lowing stock prices;

431 Dalu Lintang Rubber Co.

Ltd.

13

48 British Dorneo Pelroleum

Syndicate

301 Consolidated Tin Smellers

Frumer & Neave Lid Ord..

Opening

31.74

375

Ord

27

50%

14

Fraser & Neave 75* cum.

pret

$6.05

*

ふです。

Hongkong M

Shanghai

*072

Banking Corp.

$30

Hongkong Ti

LM.

1.50

BISS

Gänsmans (Bialoyal Et... ....

Iunner Ltd.

50 Kunia Kamper

Tu

Luhas Rubber Estates Ltd. 31,m

道 Malayan Brewerin

33) New Berandan Jubber

B

Co.

*Lid.

71 Petaling Fries Lid.

$3,50

Mattalles Hotel

$2.0255

234ngapore Cold Storage

zails Pireding

02.0736

001

Arkite Blestishijs

ROSTRIST

Sy

United Engineers Ord.

cumdiv; 1 exali. - Spin "Mall"

181 Special

Wourija „Fitp... (39.17

Exchange

New York, Apr. 8. Closing rates were:

Canada: 103; Ofters uncharged.-- United Press.

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