1958-04-30 — Page 9

TRANSPORTATION

A FULL YEAR OF DESIGNERS START DC-7C OPERATION ON 3-ENGINE JET

ORTHWEST

DE

London, Apr. 20,

jet

the

THE CHINA MAIL, WEDNESDAY, APRIL 30, 1958.

TRADE and

The New York Stock Market

New York, Apr. 29.

Stocks fell 1 to more than 3 points today and some of them came back from their lows late in the session.

International

airlines, Narat

E Havilland "designers; cominercial air

Business Mu an American Airways... carrier to utilise DC-70

working on ore

and then equipment on Trans-Pacide D.H.121, the three-engities-chines fell a polut

met support on declaration airliner the usual dividend and a slate- services, completed on April at-the-back 28 its frat full year of chosen by British European ment the decline in orders that

began

September DC-7C operations, in which Airways for the 1980's.

ended in March. 74,916 разясняет were

De Havillands are the biggest selling set in and the issue carried over 6,000,000 partners in the new Airco con-drapped more than a point,

miles and nearly cern formed

the to produce plane

Eastman Kozink which was With its range of Phammered down, met micager 225,000,000 revenue passen D.11.121.

to 1,000 miles it will not be in ger miles, it was anounced direct competition with the big support and recovered part of a by Joseph S. Sykes, Hong-American jets which will start loss of more than 3 points. Olin Saint Heg. Paper kong District Sales mana-operations on the Atlante route Mathieson met support after

decline of more than point, in November. ger,

Lower earnings for several Of

this group companies brought down fraction to a point late in the day.

Northwest, which was also the COMET ORDERS first commercial carrier to put DC-70% In cotist to coast service In the United States, has re- celved twelve DC-7C's to date with Two more schiduled for delivery in May.

Meanwhile the de Havilland. works is hopeful of Hatheli,

Tuppen

2

Sxclair Od

Solar Alteraft

Southern Co. (Thai Southern Natl Can

14T0 30

COMMERCE SECTION

HONGKONG STOCK EXCHANGE

Qur Own Correspondent Business done on the Hou- 194 kong Stock Exchange this $35 | marning amounted to approxi- 50% mutely $435,000. Noon quot- tions and the morning's Trans- 754 actions were:

Hayer Sellers Sales

GO 7CD

33

RAVENNA MAPUNTARIZE BASICODEM JEDLAZIMISHA

HONGKONG'S COMMERCE, NEW YORK

INDUSTRY & FINANCE

you want to know what Hongkong is doing in

RUBBER MARKET

New York, Apr. 29.

closed 8 points higher to 10 points lower with sales

of 116 contracts. May, 25.

Juky, 23.30; Sept., 3 No. 25.70: Den, 20251 Mar.. 25.25:

tay, 23:25.

The' market cleted on

stendier role, after an easy start. on small commission house hy-

the way of public finance, local taxation, cur-Rex rubber futures today rency, banking, investment, insurance, port facilities, warehousing, employment, wages, and labour legislation, in short, all the business of commerce and industry, you couldn't do better than to get hold of a copy of "Com- merce, Industry, and Finance," published by

ing on the floor. Shipment offer- the Department of Commerce and Industry.

Ings were reported, to be on the Light site as far as volume goes, Ribbed Spot No. 1 Smoked This well got up publication By way of a supplement is an at 117 pages places before the alphabetically listed Intex

Sheets were quoted acminally at wants to the leading manufacturers, pro- | 25% cento a pound. businessman al he

Hong- das know about the considerable acesses, and exporters

Vances Hongkong's industrial kong produced commodities, institutions are making

This is followed by the re- gistered brand names of Hong

all

Starting with chapter on Hongkong's politicul

history, (alta covered, by the way, 100 3250 Government's handbook on the 700 3250 Colony), the Directory of Toe 17300 The

Industry, 14.40 14.00 30001460 Commerce,

Paramount Pictures

ot

l'arke Davia Co Penny J

Penn. Salt Co.

Pulp Morris

was

The new

Procter & Gamble Co. Piluburgh Plato Glane Publieker Industrien Pure 11******** Radio Corporation Radio Corp. Pref.

epubile Efeel Reynolds Micial Sears, Roebuck & Co. Shell O LO.

Mitures BANKS

HK Bank

170 TES

CD12

SHIPPING

Wheelock

0.05

† 10

CEO M 1 DA 1000

272

701%

DOCKS, ETC.

22. Wharf..

110

32%

13

Duck

J*rovideni

1.40 11.00 300 11.50

15

LAND, ETC.

30f

Ik Hotel

16.10 10.20

HK Land..

32.50

200-202.50

Southern away (Com.)

ieej Rack (Toronto Exge.) Sterling Drug Co.

Stokely-Van Camp.

12

Studebaker Packard Corp. Sunshine Mining Texiren ka...

412

She Land

Humphreys

Realty

10

Խ

RUBBER

Trurt

1.20 1.275

A. Tawah

1.05

ΠΩ

100

UTILITIES

Tram

24 20 25 50

50%

Star Ferry..

10

Yaumati

G

22

C. LEIL

5.3

estrle

20 50 20.420

14

10.

249

500 20.00 1500

20 6

20.20 20 40

200 24.30

Rosle pruducts ran up more than 2 is the prcinis. Ainorian rare Comel orders. First of the Buikus Tore 2 points while new Comet 4's will be in the air

Bath Iron Works in that cate- by the end of this month. Re- ports from the Argentine Ind-gory last nearly a point, Kroger rule that a £7,200,000 contract rose a point in the store istics. between de Havilands and the Of a lotal 3,184 issues traded,

587 were lower, 317 higher, Argentinian airline is savo to be

New York Stock Exchange signed.

volume was 2,190,000 shares.

New York Stock Exchange bond volume was $9,270,0XI.

Exchange American Stock

All of the 350-mph planes are pressurised for comfortable high altitude flights and are equipped with weather search radar for smoother fights in all weather,

Northwest's

Sunner GERMAN JET schedule has four dally Trano- Continental DC-TC lights in

New

each direction in the United

States.

East Germany's list jot air- her, the 18.152, is expected to

It

volume was 000,900 slurs.

Dow-Jene: elesing averses

were:

in

30 industrial

20 rads

make its Arst night soon. curries its four Jet engines "pods" under the wings, Ameri-

like 5 can fashion. Russin's jets, the British, meurt their engines, 65 stocks wing.-- Lation Ex-45 Londy hide the

Northwest's President, Donald W. Nyrup. sued the following statement on the occasion of the Trans- threat anniversary Prelle DC-7C service: "As we begin our second year of press Service.

scheduled Trans-Pacific service

with DC-7C oplanes, all of us

al Northwest Orient Airlines are

proud of the part we have been SISTER SHIP FOR

able

to play In bringing

United States

closer together.

the

and the Orient

short

"Since pioneering the North Pacific route nearly 11 the people of the years ag United States are now closer in Ume to the people Korea,

.78

77.10 $56.22

Comm. future price index ..

195 77

Closing Prices

Alden nu. Acy.

Allied Mls ne

Ailled Cheandeuli

Alla Chahinery

A. Broke Shoe

ss UNITED STATES America Aline

Washington, Apr. 29. HE House, rejecting a

committee,

today

American Cable & Rates Corp.

American Cyananuld Ch.

Amer. & Forgn. Bawe:

Am. & Electri

Am. Mach. & Fury American Metal

A. Sugar Ref.

American Tet. & Tel.

Copper

of Japan, Okinawa, Formosa rules Hongkong and the Philippines voted 340 to 31 to consideren " than ever before In hlstery, We are pleased that commercial rir immediately a hill to build transporlatun h podbie."

made

ARGENTINE FIRM

BUYS COMET 4s

this two new superliners.

one

each for the Atlantic and the Pacific trade.

The bill would let the Mari- time Board build the two liners and sell them, at subsidised prices, to the United States Line Co. and American President Lincs, Ltd.

Armen Sicel

Armour

Atlas Cons. Mining Hedwin-n-Ham.

| Baltimore & Ohio

de Water Arn. Oil Time Ine Twentieth Century Fox Flu Union Carbide

Union Pretile alway in Oil of Cal

United Aligrof

US. Fail *}"

US. Gypsum

US. Lar Co. 11.5. Rubber

U.S. Smelling

US. Sterl

warner Bros.

Western Union Tel. Co, West Va. Pulp & Paper Woolwerth

40%

United Trens.

SYDNEY DOCK STRIKE

IS FEARED

Ayer Tawai

Int. Divi

dend

Tel.

INDUSTRIALS Cemen Amoy Can Metuj

STORES, ETC. Patry XD Wathort

2. Craw

and

Kong products, and last of

the offices and cable addresses of the Hongkong firms already meniloned.

1

The Directory is exactly what it claims to, a clear and concise

1,475 1525 20000 150 Finance, goes on to discuss the account of all the Colony is

2000 vi 1.00 geography, climate, and

17.70 $7.00 TO 17.0

200 N

500 28.50 30020!

500 626.30

later of Hongkong.

p-achieving in Commerce, Indus- The value of the Directory I try, and Finance.-J. L that it places all the necessary faels before the realer in con- zise form, and supplements its Information with easily under- standable tables which relate in Bgures what has already been suid in print,

AVIATION

Ilem

500 20.30 civil aviation places that

29.30

first in the chapler on Transpoil and Communications, and states nodestly that "Landing facili- Hes are being extentively de- veloped

Locking down

LONDON STOCK

MARKET

London, Apr. 29.

SINGAPORE

With Lotion and New York only adjusted downward in sympathy with Singapore, the markel opened steadier than last night and held with only narrow fluctuations at that level. Business for most rart was one at 73% and there has been fair quantities for lower sheets at about yesterday's differentials.

Closing prices; No. 1 siber per in. May 2346-2516 ane 131 11 No. 2 rubber per lb. May 09-09 No rubber per ib. May causát, No 4 ribber per, 19. May Spol rubber unbated.

Blanket crepe.....

No. 1 pale' crepe

LONDON

2-6214,

7536-7376

50-67 7514-7714

The rubber market was quiet- ly steady with spot unchanged.

No. 1 Ess spot was quoted at: 274-277%

Settioment houry termi

May

The Increasing importance of Markets had a depressing day; the threat of a big strike on the trouble in the Middle East, the un- cortain business outlook July/Sept all combined to make | Jan/Mar. many people, decide to take a loss and clear out. Tumover, however, excessive at 9,055 bargains and the decline in prices was mostly

Electrl- of a shilling or under.

300 10 30 table 10 which is the visuel ak!

to this section of the book,

20.00

1.15

203

RCO M

16.30 16.30 10.00 11

13.90

1800 10

2016

COTTONS

the

Texti INVESTMENTS Sangtee Allied

4.50

5.29

4.40

and

Melbourne, Apr. 29.

Waterfront work

in

major Australian ports of Melbourne, Sydney

Brisbane was disrupted

today by the continuance New York Sugar

of a dispute over the splitting of dockers gongs,

The Melbourne

waterfront

came to a standstill carly today when dockers quit work, throw-

idle 20 ship maloly Overseas freighters.

not expected to resume work

Prices

New York, Apr. 20. Prices closed today as follows:

Contract No. 4 (work)

1

notice that 17 different alrìines are operating on the regular in- ternational Services into Hong- kon

In the same chapter on trails-

Beletri

dluek

21131-22

net/Dec.

11-22

General markets, et basta

ADT.

May

June

July

was not

Eslate crepe film May

titek May.. AMSTERDAM

The rubber market was duil.

por! and communications, are cals were nearly all down a some excellent recent photo-shiling and chain stores by 60 prices closed today in guilders graphs showing the development or a skilling.

+T

were

the ferries and the ear

Oils were extremely active parks.

over to but they obviously had one Chapter 12, giver Trade Organisations and Trade buying on this, the last day of Promotion Servlets," we find in- current account, top price small. Bilish formation more suitable to the changes specialist; nevertheless, a haars Petroleum was no exception in Dutch was 3.41ance through the subject nut losing 1/9; Royal

Ier convinces even the casual unchanged. 34 reader that the crganisations 3.40 are vigorous in their applies- 3.40 Sputeletris per 1b. fub Cub 3.45 tien to the task of making the

Open interext: 0,334 contracte.

Contract No. 8 (domestic)

30%

20

€31% J

21?

175%

06

447

4350

1451 lug

6

Biny

The Melbourne dockers

July

are

Bent

Beneficial Finance

2

Mor

Bendix Aviation Comp

40

until tomorrow morning.

Two

July

Benguet Cɔna.

EL

Bethlehem Stent

3

301

of Melbourne's 4,800 waleriders

hours after work stopped, 2,500

03

attended a stop-work meeting.

July

201

This was the eighth stoppage

Sept

Nov.

241

15

50

Chase Manhat. Dank

19

Claysler Modera

Clue Peabody

441

Lo-gate-Primožive

Colombian Carbun Co.

Commerdist Credit

two

Commcuwealth Eirc

27

621

Consulated Raison

54

Continental-O of Dei

492.

432

317

Buenos Aires, Apr. 29. THE Argentine govern-i of the Merchant Maritime Com Tment today issued a

Choliman Herbert C. Dunner

mlitee, which sponsored the

the

and sald

subsidica

decree authorising the Aero-bill, linas Argentinas to purchase oneing aids provided in the

De Havilland Comet, bill offered "the

Bix

Interests

only feasible method" of building the four aircraft and spares. vesels. He said the ships were

essential to national The contract, signet

und security. the value of March 19; to

£9,050,000 plus on agreement | SUBSIDIES with the Holls Royce company worll for

inators Spur

£1,348,000.

The Government's derision is a inajur victory for the British sircraft industry in the face of zi competition from United States manufacturers especially the Boeing company.

The Argentines were believed to have chosen the Cornet be- cause it was able to land on any existing major airport in Latin and because delivery America wli start Inte

next year Reuter

THE BOEING 707

Renton, Apr. 29.

DOEING Airplane Com-

Subsidles provided in the bill exceed those normally provided ship operators. Ordinarily, the pays for no more government than 50 per cent of shipbuilding

Jur costs. In this case, the chasers would pay only 45 per cent of the costs.

In

cent

Booing Alaplane Borden (The) Co. Burroughs Add Machine Casaphell Soup Co Canadian Pacific Case (31) Co. Cat Tractor. Celanese Corp.

C.LT. Financial Corp.

Crown Zellerbach

Cuban Apres

Sugur Diamond Match Co.

Douglas Aircraft Dow Chemicals Dupont de Nesavars Fastern Airline

45

in the port this year over the Spot-rechts per ib, "eif NY' gang-size issue.

At their stop-work meeting Melbourne duckers called for immediate strike action if the Australian stevedoring Industry authority which controls the 37% waterfront, continued "to apply

disputed clauses of its orde permitting splitting the 15-

mani gungs,

JKB

5.7)

עד.

per kilogram, cit May us follows:

No, i rubber

No. 2 rubber

No. 5

rubber

No. 1 crep

2.12 пот.

2.00 $10951.

1.P1 mm-

2.21 nom.

United Press.

N.Y. COTTON

T

PRICES

New York, Apr. 29. Prices of cotton futures closed today as follows

July: Spot: 30.0in; May: 35.00; 14.04 Del: 3098; Dec: 9727; Mar 3724 May: 3040-50; July: 344

British governments dest there why some ground but buying just before the close. 'olony's products knoWWU

Germans were qulet and the Table 2 shows that 30 over- 0.10 sons ecuntries have trade rere non-assenteds closed unchanged The assentedes were Rentatives in Hongkong. Chap- though ter 18 will probably appeal to fractionally down. Chinese were

lower bul the Det: 15.01. 560 the greater number of aders, fraelionmily

asscnteds d It is headed "Miscellaneous In Japanese, both

Ποτ formation

Visitors and non-ussenleds, were unchanged. Only really

active section after a resume of the positon the Veer or temporary residint of was Surz Cawl, on the signing the Colony holds, there follows the agreement a concise, but detalled, review of all that the visitor should do in the way of registering him- self while in the Colony.

Op: interest: 1,740 contraela.. United Fres

London Foreign Exchange

London, Apr. 29.

Closing rates were: The dispute spread to Sydney New York

Montrent today, when men stopped work Amsterdam on two ships on the split-gong | Druasela issue.

Copenhagen Frankfurt

A general walk-off in Sydney Miland

Parts Seventy men were involved in Stockhola

Zurich today's dispute in Sydney.

J

Easton Katak

194

Is feared tomorrow.

El Pard National_Gas Family Finance Corp.

329

ME

Firestone Tyre & Rutter Ford Motor

84

502

General Electric

General Foods General Motors Gen. Pub UUL Gelly Qu

Gidien Co.

Goudrich L. P. 6. Gondyear Tyre

tanke Miting Ch.

Interghemical Chry

addition, special finance would be provided. The pur- chasers would pay 25 per

ingersoll-Rand down, with the rest to be paid over 20 years

a1 3% per cent and Steel Co. interest. Ordinarily, purchasers International Mickel International_Paper must get their Anancing pelin Tel & Tri

John-Marville Co X14507 C. Power & ghi Kennecol! Copper.

vately.

The new Atlantic vessel would be a sister ship to the S.S. United States. It would be 900 feet long and could travel at 30 knots, including military features paid for separately by

grit Meyers Tob. Co. Lockheed Alterati Idows Incorn. Lone Star Cement Co. Lowenstem & Sons.

McDonnell Aiteralt

Stock Exgo.) Menall Bus Corp. US$130 million. The Minnesota Mining tests of its 707 jet transportnited States Lines would pay

Dent with sound suppressors US$47 million. showed that the plane is less noisy than conventional air-

inera.

be

The new Pacille vessel would DOS feels and could travel at 20 knots. It would cost The tests were made during an estimatest US$78 million, President Jemonstrations attended by re- And the American presentatives of nine of the 15 Lines would get the vessel for American and overseas airlines US$34 million or 45 per cent of which bave ordered.--Reuter. the cost, whichever turns out la

be higher.United Press.

Co

Mat Montgomery Ward Motorola Inv....... National Cash Reg. “A National Dairy Prod. National Lead National Steel Corp. New York Central...

in Mathies oua Elevators Owen-linols Glass Oxford Paper Co. Paciße Gas & Elec.

Similar disputes are feared in other Australlan ports, where

the new

4.01 11/16-281 13/15 2.13 3/10-2.73 2/14 10.69-19.50%, 1304794-130321; 15.3447-19.33 11.7394-1171T 174034-374034

117112-1279 14.302-142015

13.26-12.244

Others unchanged.-Ujilted Press.

regulations have not New York Foreign

yet been brought into force-

Chinn Mall Special.

Singapore Stocks

Singapore, Apr. 30. Brokers today quoted following stock prices:

cumi, pief.

the

Opening

441

312

Batu Lintang Rikber Co., kid, .... British Borneo Petrolan

Syndicate

$1.70

60/-

TAM.

Connoidateel Tiny Siefters

Ord.

27/-

Fraser & Neuve Lid. Ord.

Fraser & Neave

$4.05

Lid. #22

$110

$155

28/6df

$1.03

$2.3214 di

$2.67%

SLOOS

431

Gammone (Malaya

ilongkong &

Shanghai

Backing Carp. Hongkong Tin Lid"

Kumpos, Låd.

Kuala Kampar tin

Rubber states

1573 LUT

48°4 Lid. ***** 141

Malayan Breweries

33% Now

Serandah Rubber

Petaling Tin Ltd

Ruftics Botel........ $2,024

Sapore Cold StoraKE 19.03

Strata Trading.

$1.50 edeb

Straits Steamship

$0.61

United Engineer Ort...

Weathe Brom.

Exchange

New York, Apr. 20. Closing rates were: West Germany

Argentina

1233

Other unchanged-United Pres.

FACILITIES

Having Anished with the more visitor's mundane things. the attention is drawn to the fuel-

es the Colony offers hi the) way of accommodation, staurants, transport. seeing, and even gives a list of the publle holidays.

sight-

for the re- the share- holders; the ordinary shares rose £1 and the founder £14-United Press,

linbursement of

'n

shares

London Metal

Prices

London Apr. 20. sterling per long ton leng lan sterling per

follows:

rpot

Copper spot

NEW ORLEANS Prices of cotton futures closed torlay as follows:

Spot: 34.00; May: 3587: July: 30.33; Oct: 3481: bec: 31.01; Mar: 37.23 May: 3726: July: 36.40; Oct: 3500,

LIVERPOOL Colton future closings. pence per ib, were as follows:

Americon Contract May/June:

Oct/Nov 25.30; July/AUR: 25,90: 20.00: Dec/Jan; 20.01; Mar/Apr: 20.CU,

ic

Mixed Contrast: May/June: 25.32; 23.65: July/Aug 20.25: Oct/Nov; Dec/Jun 20,95: Mar/Apr 27.25.

SAO PAULO Colton future closings, in were as fol- as cruzeiros per kilo

slows:

Busers Sellers

733

7334

3-month

736

730

183

104

Lead 2nd Pr Aur

3-month

101

102

July

7334

hair

C4

July BA

United Press.

In this section are some beat- ful colour photographs, in- cluding one of the most beauti- ful to be reproduced in any book dealing with the Colony, a landscape print of the New Ter-Zine 2nd ritories.

May: 41.00: July: 42.; Det: 43:

Dee: 43.70: Mac: 45.00.

In

the United States, the average price of one-Inch cot-- Lon at 14 designated spot mar-

75kets was 34.0 cents,

Tolol sales at

these

max.

Gels were 14,095 bales.-United

Press.

The as United States

0124 13.07 -Cisina Mail Special.

New York Metal Futures

New York, Apr. 20. Prices of metal futures closed today in cents per lb. as follows: Lead May

....10.ga

Zino

July May July CODPOT MAY

July

Tin MAY

23.300

23,553

ung.

-United Prok.

Exchange Rates

Business was done in the local Anneal

inoming, at the

markot

V. dollar (per $1)ANGR Sterling noto (per £1), *****

australien noter {por "21)

Indonesian rupiah (per 100

Sam Sicel (per, 190)

Singapore (firmite)

this

TWA

FLY

FROM BANGKOK TO PARIS

CALL TRANS WORLD AIRLINES 32583 AR SEE YOUR TRAVEL ABENT