1958-04-16 — Page 9

- THE CHINA · MAIL,

WEDNESDAY, APRIL 16, 1958.

TRANSPORTATION.

NEW MONTHLY EXPRESS SERVICE

N announcement of the

Auguration of

new monthly, Far East ex- Lakes press services by

Bros. Steamship Co., Inc., was made by their agents in Hongkong, the President Lines.

American

Lykes will inaugurate direct express service from US Gulf ports to Hongkong vla Manila with the soiling of the cargo- Bner ss Delly Tarman on May 31 mid at the end of each month thereafter. The transl time will be 35 days.

In addition to the new SCJ- vice, Lykes will continue

tea

Joulutalo its raid-mouth sailing tu Bungkong via Japan.

MONTHLY

A nthly express homeward

HKA PILOT FOR

VIP FLIGHT

Capt. Hodger APTAIN Allan J. Bod- ger, a senior pilot of Airways, is Hongkong

TRADE and

The New York

Stock Market

New York, Apr. 15. Stacks advanced smartly today in moderately active trading. Steels turned active near the close and finished the session as one of the upside leaders. Oils also met some late sup- port. Individual gains in the list ran past 2 points in a number of issues.

Guit of rose around 3 points,

in the oils, with most of the gain coming in the fast hour of Tending. Amerada was strong. US Steel pushed ahead NIOT! than 1 and Alena highlighted

the Ahambriums with a gain of

3. Du Pont jumped 2 in the chemicals.

The Talls,

which have Ied

the markel higher in the past five sessions, scored gains, run- ning to better than u point In a few of the lenders,

|

Mesnis Mining

Monsanta Chemical Co. Miation Developsient Montgomery Ward Motorols Inc.

COMMERCE SECTION

HONGKONG STOCK EXCHANGE

Our Own, Correspondent

1676

Business done on the Hong-

Exchange kong Stock morning amounted Lo proximately $218,000. Noon quotations and the morning's transactions were:

104 20%

31

''',

National Cali Reg. "A"

804

National Dairy Prod.

43

DANKS

BO

BK Dank

709 ..777.30

45%

East Asia

National Lead ....

National Steel Corp.

New York Central

Norfolk & Westers Ry.

Din Mathiesen

Olia Elevators Owen-Illinois Ginta Oxford Paper Co. Pretig das & Fire.

Pan American Airways Paramount Pictures Parkn Davis Co. Penny J. C. Co. Penn. Salt Co.

The five-dny advance has hip Morris refored mene than

Proctor & Gamble Co. $4 billionsbergh Plate Glass to market values.

Pubicker Industric

Of a total 1,134 issues traded Pare Oil

rrrvice from Hongkong to US slated to pilot the Viscount| 646 were higher, 243 lower.

Gulf ports via Japan will

the Turkish be airplane of

inmugurated with the or Regben · Prime Minister when he Tipton still from Hongkong makes his forthcoming slate on May 3. The transit time is 30 days. This will be followed visit to Japan.

Genevieve

A

Lykos thu by sailing on June 13, arriving at Howton on July 19.

Capt. Bodger will take over The controls of the Viscount in Aukare.

New York

Stock Exchange volume was 2,590,000 shares.

New York Stock Exchange boud volume was $5,810,000,

American Stock Exchange volume was 570,000 shores.

Hey tolds Metal

shell Oil Co,....

Sofar Aircraft

Dow-Jones clusing averages Bouth Puerto Rico Sugar

were:

Khares

Buyers Sellers Kalen

INSURANCES Union Lombard..

SHIPPING

Waterlooli

270

22.10

6.15 0.25 2,000 4 0,30

DOCKS. ETC.

100

.....

44.50

K. What XD Duck

af vigint (0) 11:30 18AJ LAND, LTC.

300 11.30

17.30 17 60

Employment In NEW YORK

Australia

Canberra, Apr. 15.

The Minister for Labour, Mr Harold Holt, has an- nounced a sharp improvement in employment throughout Australia. He said the number of men and women registered for employment at the Commonwealth employment service fell by 5,623 from 70,029 at February 28 to 64,406 at March 28.

LONDON STOCK MARKET

The tril of 4,025 in the num ber öl ́inates régistered for em- ployment was spread over all states except south Australia,

The number of females re- gistered fell in all states.

The number receiving un- Employment benefits througti- out Australia tell from 20,879 at March 1 to 24,485 at March 20.

ACTUAL

RUBBER MARKET

New York, Apr. 15. Rex rubber futures today closer higher to 6 points lower with sales.of 23 contracts.

Closing prices:

May: 20.00; July: 24.75: Nuvi 10.72;

Jan: 20.10; Mar: 20.00: May: 29.03. tred between deaferr an routine evening-up operation Specula- live interest nained dormanı, Most dutside traders transferred attention to other commedies like cocoa, coffee and cotton.

The small terminal irade cun-

Shipment offerings were re- ported "fair to moderate" but at prices too high to Interest ceal Spot No. 1 Ras wes buyers. quoted at 20% cents.

AMSTERDAM The rubber market was dull

All prices were today.

UF- changed,

SINGAPORE

London, Apr. 15. Stock market had a cheerful day, showing little or no unçasiness

the about budget. Institutions continued to pick up British Government bonifs, The actual regjuetion in mate 300 1200 Bing Old Consols by `Ela and recipients

unemployment War Loan by 3/16.

benesta

2,154 and was 33.25 14.50 14.00

Leading Industrials were spread over all states except 11.3 153 1,04 1.525 quiet with rises rarely more Victoria and South Australia than 6d. Oils were fairly active where reasonal Irult pleking

Petroleum with Shell, British

work tapered off. gad Burmah Oll all up 1/0. The largest fall in the num-

Spot rubber unbaled 23.tel demand for Germans which recipients occurred in Queens- No. I paid crepe

Ler of unemployment bencЛt Blanket crepe...

200110V

Tam 23.30 23.80 2.000

continen-

of

WAS

Eland where there was a reduc-

17.30 the 7 per cent 'Polash showed tion of 1,800. This was due to

The market was quieter with less demand for April shipment though 1% premium still ruled. Lower grade enquiry has been sporedle mainly for No. 2 Rss. Futures: No. 1 rubber per 1. Apr. 2714-33%

May 16%)+77) No. 2 rubber pis 1b. Apr. 73:1-74 No. J

(91)-70 07-12

No. 1

7832-6914

52.64

LONDON

B0-1

The rubber market was quiet

1,009 26.40 ses of C1 and C2, respec- the resumption of employment but steady with pot quoted at

tively, while the Young Loan by some meat and sugar Intur-23-13/10 peter pos ib. Prices

K Limd..

Radio Corporation Radio Corp. Pret

Humphrey's

719

Healty

Repubile Steel

392

Amalk

Brors, Roebuck & Co.

Trust XD

1.33 1.373 3.125

A. TAWAM..

Sonny Maila

Bint Res. Paper Sinclair O

ひきちん

UTILITIES

There was strong

Star Ferry

10:2

Younati

W

2018

C. Light

17.40 17.50

120

100 93.00 lifted

the non-arsened

Southern Co. (The) ...

09064 17.30

Southern National Gas...

3012

Electric

20.30 20.50

496.77 Standard Brands

$47.50 Bouthern Railway (Com)

Ten plane

20 10.20

5014

500 44 20 500 20

£534

73.77 Standard Oil of Ind Standard Out of N.J.

40132

$300

300 20

Sleep lock (Torontu Exge.) Sterling Drug Co.

DIS

STORES, ETC

30th Dalty

17.20 17.40

200 17.40

Stokely Van Camp.

13

300 17.30

Closing Prices

Sturtetaker-Packard Corp.

ALLG

Watson

5901130

Sunshine Mining

Swirl & Co.

34

PA COTTONS

50047 16.20

31

Textile

450 4.60

Alten the. Acgi.

320

the

Allied Chemicals Alled Mills ise.

24

Thin Water Assn. O

22724

11 INVESTMENTS

All:0 Sungro

3.60 1.40

32

The Inc,

J

Union Cathide

20 fails

tion

Es eineks 40 band

The RKA pilot, who is The new fast service hiweenisngilshnan and an ex-B.O.A.C.30 industrial Hongkong and US Gulf ports

Captain. Joined Hongkong Ab- will provide new economies for shippers and receivers marketing wags last year when the air-

The introduced Its Viscount ser Their goods in the Gulf and

vice, the first scheduled turbo- Min-Josippi Valley areas.

prop service in the Far East.

During his year of dying with

In inaugurating The new ser-

DC-

vices, Lykes recognises the gruw-1KA, Captain Bodger has Ing importance of US Gulf ports to Far East trade and is fellow ing a standing Lakes policy to Frumble this trade to the tullest.

cumuiated invaluable experience of the routes aver which Turkish Premier will ny.

A WAY TO CALM THE WAVES?

No

Stockholm, Apr. 15. [ORWEGIAN engineers

believe they have din covered a way to calm the surface of the sea in ports.

THE QUEEN

MARY

IN SOUTHAMPTON

THE

Southampton, Apr. 15. THE liner Queen Mary yesterday completed her first round-trip to the United States after having been fitted with stabilisers,

Experiments carried out In

Sir William Wallace, chair- the laboratory have yielded mon of Brown Brothers, the num promising results. Preparations that manufactured and fitted are now being made for trials on | the stabilisers, travelled on the .a larger sente.

The operon of the system is remarkably simple. A large plastic hose is fastened lo the

bettent of the sea. The walls of the boss are perforated at 24.gular intervals.

When air is pumped through the he under pressure, it cs-

voyage.

He said that the stabilisers worked "very well indeed."

5302 Comm. Kuture price index 131.63

Allis Chalmers Art Brake Hane American Airline American Cable & Rudia

Corp.

American Cvenanțid Co. Amer. & Fongn. Power Am. Gay & Electric Anti. Much. & F'dry. American Metal American Smelting Am. Sugar Ret. American Tel A. Tei American Tub. "D"

Anarcade Copper

Amico Sterl Anaour

Altas Cons. Mining aimore & Ohio

Baldwin-Elma-File%

Beneficial Fizange Bendix Aviation Corn, Benguet Cunя.... Bethlehem Sirel locing Airplane border (The) Co. Burroughs Add Machine comedian Pactile B.

Chee (1, 1) Co.

Cat, Tractor

Delanne Cors.

6. 3. T. Fironola) Diep. theyrier Melors..... Clucit Peabody....... Colgate Palmolive Cu. Colombian Carbon Cu,

1r added: "The liner, never mited more than one cud a hall degrees

un either side when they were in operation."—Chine | Commercial Credit Mail Special.

enpes through the perforations DRAMATIC MIDNIGHT

and rises to the surface of the

Ben

form of bubbles. SUN

the

in the When the bubbles Yeach surface they break up the waves, thereby smoothing the surface of the set.

The installation of the system

would al prove very costly. If further experiments are sticcers- ful, the system may be used in Norwegian ports exposed to the Atlantic.

RUN BY SAS

Commonwealth Fee. Continental Oil of Del Crown Zellerbach Cuban Auner. Sucar

Alkali

Diamond Maten c

Bongle Airerati Dow Chemical

Pont de Neistars

Fastum Atrile Eastman Kodak El Paso Nalluna) Gos Family Finance Corp.

Fresne Tyre & Stubber General Electric

Ford Motor

General Motors

Genu

Pub. U.

Clidden Co.

Goodyear Tyre

Stockholm, Apr. 15. CANDINAVIAN Airlines System's spectacular Midnight Sun Flights from Oslo und Stockholm beyond the Arctic CircleGoodrich tn. F. Co. will begin on May 31 this duir O A different

technique for year and extend to July Heyden Newport Carp. calming the sea has been deve-19, it was announced.

Huierslake Mining Cé. Ingersoll-Rand" the Taped in Germany, by

Inland Steel Co. Research Group

Rocket for

The fights to the region at interchemical Corp. Technique, is of more limited Norway and Sweden wherent Harvester.....

In Buzinery Machines application than the Norwegian for a month end a half-the sun international Nickel invention, being designed for is visible 24 hours a day, are International Paper

D-rescue operations, operated with a fleet of Douglas Tri & Tel Rockets led with all are DC-GD and Convair Metropoll-can-Manville Co

Power & tan 440 airliners. aimed at the surface of the seo

Kennrrott Cupper where. rescue

operations are The dramatic Midnight Sun Liggett Meyers Tob. Co. taking place. Brenking on im- excursions include a traditional Lockheed Aircrati

Loews Incorp, pact, they spread oil over the Scandinavian "midnight supper" Lone Star Cement Co. surface of the scu smoothing in the far north, and sightseeing Lowenstein the waves, and making the job on a majestic sente: rugged McDonell caster,

fjords, glaciers, towering moun-

use it

intra

tains.

& Sons.

Aircraft Stock ExERYT Meraki kun Corp.

The Midnight Sun photographed at half-hour - Interuale from 11.00 p.m. to 1.00 am,

Texas Co.

Textzun Inc.

4/8 Twentieth Century Fox Film

1516 Union Dil of

41

Union Pacific Railway Uniteri &

#72 | 1.S. Felt "

Corp.

123 | U.S. Gypsum 4U.S. Line Co. 30-| 11.5. Rubber

201

U Sleet...

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

New

United Press.

L. Craw...

11.20 11.30 10.10

Exchange Rates

pen-asscnted gained £. The Japanese 1910s non-sscnted Jumped £ and hat of the 1930'a jell £; the assenteds fractions showed several changes. United Press,

New York Sugar Market

New York, Apr. 15.

Business was done in the local World No. 4 sugar futures

unancial

exchange market tha

morning at the following rates:-

US dollar per $11

5.63

Sterling notes (per £1)

1003

Australien notes (per £11

Indonesian rupiah (per 1001

10.05

Slam Heal per 100)

24.44

Singapore Siraiza

4 גג

York Cotton Market

New York, Apr. 15.

closed today unchanged

to two points lower with sales of 361 contracts. Domestic No,'0 sugar futures 10 closed unchanged to one point

130 Cul higher with les of tracts.

The caster raw iluallon

Commencement of trading in the October, 1959, delivery dominated dealings in cotton futures today. Mixed trading took place in other de- liveries, with the market responding to small orders either way.

A covering movement tallied

ples to the day's higha. At

the chre with the list fnishlug London Foreign

si-10-10 20 points higher:

The market opened up 2 to cit

First trade in Oct. 1950, was

314

4 points. New Orleans closed up to 13 points,

4230xd

25%

20

711)

111

13

BALT

Exchange

London, Apr. 15.

made at 34.35 ents a pound. Closing rates were: Afterward, the přlév ran up to

35 cent near the

level. The New York

Kontreal discount of around 1 sent a Ainsterdam pound under current October, Frankfurt traders felt, reflected prospects Milan Parta for new farm legislation next

Stockholm along with a

year,

passibilities Vienna

2014-10-13/10 2.73)2-2.73-3/10 20.61-10.0144 11.738-11.73 174514-3740 11804-

14.00-14.50

73.67-72.70

Other unchanged.-United Press,

of lower price supports and Drum] increased acreage allotments.

The New York Cotton Ex-

301

201

7211

change Service

334 timated

Вигоди

E

domestic consumption

30%

firs! 421 of all raw collon for the

434 weeks of this 'season' al 5,448,000 bales against 5,059,000 bales in the same 35-week period last year.

ונד,

14

2

20

Liverpool futures closed un- changed to off one English point. The market was $20 to 608 American under New York futures,

Exports of raw cotton today totalled 40,443 bales bringing ful for the season to 4,108,956 beles vs. 5,639.102 bales last tar, according to the New York Cotton Exchange.

NEW YORK

Prices of cotton jutures closed as follows:

Spot: 36.00: May: 33: J: 3423: Oc: 30.05; Dec: 3016: Maz: 3093; May: 30M; July: 30.24; Oct: 34.02.

NEW ORLEANS

Prices of cotton Tutures closed as follows:

Spot: 3490; 20: 35.20; 30: 300 Dei: 347: Des: 39.78; Mari

May: 3091; July: 3024; Oct; 24.04.

LIVERPOOL

Colton future closings, in pence per lb. were as follows: Amerioan Contract

May/June July/Aug.

24.75

3.5.53

* 20 00 20.60

1xed Contract

Mar/Apr.

May/June July/Aug Oct/Nove 172/Jan 1.::/Apr.

"BAO PAULO Quotations

quated.

were all

un-

the Unlled States, the Aveinges price of one-inch saltou at 14 designated ROL inarkels was '34.00 "Brits.

Total sales at these markets

were NNPOIGR - United

Pres

brought scalierul liqustation

into the world contract, bul enerally traders were cautious, and expected the market ip continue to Auctuate narrowly, pending further developments In the Cuban rebellion.

factor One stabilizing proximity of current raw price to the minimum established 1:1 the international sugar agrees ment, traders said.

Contract No. 4 (world) May 3:35 July:

15

3.30: Sept: 3 39-40: Det: 3.30: Mar: 3.37; May: 3.37: July: 3.3

Spot cents per 1b.

fuh Cuba

Open interest: 6,379 coniracin.

Contract No. 0 (domestic) Myy73, July: 5.77; Sept 3.m; Nov 6.77: Spot-fcents per 1. ef contracts--

Open

"Interest: 2,310

Unite Prens.

New York Foreign Exchange

New York, Apr. 15. Closing roles were:

1.03 Canada

England official

50-day

++

13-day

2.81 15/10 181 18/10 2.70% 501

New Zealand 12.24-12.2435

Dthers unchanged.Unlied Prera.

'iru. L Seasonal

23 miln picking work w cause of the reduction.

There were more vacuncles Juro! men, mainly for

No. 1 spot...

Jime

July/Sept.

Oct/Det

2397-203%

try workerst.

Mr Holt said the number of

Cer Vacancion

Selitement house fermi

May

234-233

231-2012

2312-7322

Jan/Mar.

23-1312

Apr/May

General markets, eli baris, poštų

Apr.

May

23-2312 121-231%

thiri May

231

United Pre-

for

workers

workers

and building trades and for women as

ofllee and sales workers-China Mail Special,

Fataje Crete

thick Bay

Australia Threatens

To

Retaliate

Geneva, Apr. 15. Australia today threatened to take retaliatory action under the General Agreement on Tariffs and Trade if West Germany continued to apply quantitative restrictions on 18 per cent of its imports.

Mr Paul Phillips (Australia) | trid the inter-sessional com- mitee of the GATT that the novcunt of German import trde tus restricted, mostly in agricultural products W25 csimaled at £430 million

nunlly.

Mc Phillips described "deeply

statement

disappointing"

Bent posillon, Ausitalla would no alternative but lo hayo examine what retailatory measures it could take under árstele 23 of the General Agreements, he added.

Mr Inalah Frank (United States) said the German restric- asons were

his damaging to ecuntry's trade und they should

made yererday by be with Brown the German delegation that i possible. was intended to maintain the

soon

аз

He propored the establishment restrictions in spite of objec- of a working party to examine Hurk by ninny governments

that they were no longer just-in particular

The

German

Bed for balance of payments marketing law under which 11 per cent of the restricted Im- ressons.

ports fell-Including grain, The German statement re- sugar, milk and fat, livestock minded the Australian delegate and meal.

Dfw gramophone record stuck

in a groove" and the Bonn Gay-

ment should harmonise policy with GAÏT Fules.

Of the other restricted in

poris, five per cent afe other aelicultural products and food, West German gord two per cent industial pro- ernment adhered to its pre- ducts-Reuter,

If the

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