1958-06-25 — Page 9

Page

A

ANSPORTATION

Design Symbolising Link Between Elizabethan Eras

DESIGN symbolising the link between the

first and second Elizabethan eras Has been chosen as the Badge of Britain's latest luxury liner, the 40,000 tons as Oriana,

The task facing the designers

was to find a Budge insed on the

estociation of the naine Oriana RADIO AIDS IN

with Quren Elizabeth I and yet

sufficiently contemporary

style to create in the public PASSENGER SHIPS

mind the new Elizabetkan øges

To achieve this they

have

TECHNICIANS from

Lowestoft

THE CHINA MAIL, WEDNESDAY, JUNE 25, 1958.

LAST MINUTE RALLY SENDS STOCKS UP FROM LOWS

New York; June 24.

Stocks came back from their lows today after another small decline in a market spiced by manipulation charges against a well-known financier.

HONGKONG

STOCK EXCHANGE

The Securities and Exchange | Eastman Kodak Commission charged that Louls

El Paso National Gas Family Finance Corp.

Page

COMMODITY PRICES

RUBBER

Spoti 33.30; Jaly: 20.05; Del: 38,417 Dev: 57.10; Mar: 30.01; May: 3013; July: 51.66; Det: 3450; Dee: 34.30 LIVERPOOL.

Cutian future closings. pence per ib, were as follows:

American Contract July/Aug 25, 23; CryNov: 25.0:

NEW YORK Rex rubber futures today closed ane point, lower to five | Dec/Jan; 20.15: Mar/Apr:

May/June: 28.53. points higher with males of 53 contracts.

atixed Contract July/Aug 25.97; Del/Nov;

May/June:

May 20.16: Dec/Jan: 05.

July 26.33; Sept: 20.25 Nov: 20 20: Jars: 21.74 Mar: 20.15: July: 2015.

AMSTERDAM

10832

201

Firesun Tyre & Rubber Ford, Motor

87

41

The rubber market was stendy. Prices closed today in guilders

General Dynainles

18

General Electric

per kilogram,

eif July 07

General Foods

follown!

No. 1 rubber ...

2.15 num.

No. 1 rubber

2.11 buyer

No. 3 ruber

1.PA

門

E. Wolfson manipulated shares of American

Motors for his an action that own proft, punishable by a gool term and

a big fine under the nallon's securities laws,

Through most of the day the market incked lustre except for the American Motors. The Iri Just half bour dentând developed for lehnett Oil which ran up more than three points and Union Oil of California up more than two, Chrysler tel the top. motors with rise of ranking mort thon a point, most of

Our Own Correspondant Business done on the Hong-which was held. kong Stock Exchange this morn ing amounted to approximately $487,000. Noor quotations and this

transactions murning's were!

GOVT. LOANS

the Sheree Buyers Seller Bales

of 3 (1 depot for Orient and The Marconi International HANKS

#ynibollsing the two Elizabethan

is surrounded

Cras, which

the letter

tay

13 Bank

capped with a formalised Inter- Marine Communication INSURANCES

pretation

of an

SENIOR DIRECTOR

installed

Untry Elizabethan Company,

Limited, have SHIPPING

Aria Nav öight-arched peart crown.

communications wheelck

DOCKS, ETC equipment and radio aids to

Wharf.. in the now back navigation passenger and cargo liner Provident owners of the new ship, con- Bolton Abbey, 2,500 tons.

Sir Colin Andersson. relor director ut 1

Orlent Line,

crived the idea of the Badge in conjunction with Mr Milner Gray, D... the eminen1 cle- aligner who exnealed the design.

A Rellanes transdier with an Alalonta regeiver will handle radio - telegraph truffic en medium frequencles, and a Genes

195

בן4

200

No Support

or more.

Other sections of the list came back from their lows which had shown losses ranging to a point issues, 13 Railroad exception, met up support and were lower on Teas the House would squeeze out most of the, tax relief voted recently by the 200 126 Senatc.

40 B00

76 100 75

G20

630

104

4*

22 40 12.00

LAND, ETC |ik fated ..

2180 21.00

K Lant.. 33 33 aropreva

The game, Orian was chizenet equipment provides ad Realty

on the face of a formidable array telephone faclities on the inter- RUBBER of condition wit and be mediate frequency marie band.Antaly fulliest LO conform 10 The Orient Line pattern.

The greatest difficulty was to find a name beginning with the 1iters 'OR' which had some

romantic appeal and on which could be based the design of a Badge.

Trust

An Alert guard receiver, Sea- A Tawali moni aule alarm and Salvor Sungsta

Lolidated emergenes Transmitter with an UTILITIES automatic keying device are Tam hotsed together In

uxillries rack; and a

single star Ferly Lode-Yaul

stone direction-Under will pro- side long-range wireless hear Light

Ings for navigational use.

Electric

1000 12.50 2006 1150

1300 7 21 De 12

10 3350

500 1070

600 33.70 500 15.70 10000 - 170 10000 3.015

General Motors

Geo, Pub, VAL

Lon Tyre & Bubber Gelty Dif

Glidden Co.

Goodrich B. r.) Co. Goodyear Tyre

Grumman Aberaft

GUR ER

|

lieyden Newport

Corp Hoiestake Mining Co. Ingersoll-Rand

Inland Steel Co.

Interchemical Corp..... in Business Machines Int'l Harvester International Nickel International Paper Inti Tel & Tel John-Manville CO. Kaler Industry

Kansan C. Power & Light Kennecoit Copper... Liggett Meyers Tob. Co. Lockheed Abrcraft Lisewn IncOTE.

Lone Star Cement Cu Lowenstein de Fless McDermott J. Roy

Aircraft McDonnell

Stock Expe.)

Mesin fru CHED.

Minnesota Mining Mastom Development Monsanto' Chemical Co. Montgomery Ward Motorola Inc.

Of a total 1,158 Irsues traded, 568 were lower, 317 higher.

New York Stock Exchange volume was 2,500,000 shares.

New Yoric Stock Exchange bond volume was $5,000,000.

American Stock Exchange | National Steel Corp.

volume was 860,000 shares.

Dow-Jones

were:

Minetatrial

2 TALIN

200 DUS

Alden ne. Any. Allied Chemicals

Aille ChatDETS

National Bull Co National Cash Reg. "A"" National Dairy National Lend

flew York Central

Nurfolk & Western By. North Amer. Aviation

2102

No. 1 crepe

SİNGAPORE

20.45;

20.33; Mar/Apr: 20.00;

Sao Paulo cotion prices were unavailable.-U.P.I.

SUGAR

New York, June 24, World No. 4 sugar futures closed today unchanged to four points lower with sales of 215 contracts.

The market opened higher on limproved overseas advices and ruid quietly steady on some trade buying. 121 No. 1 rubber per ib. ily closed unchanged to one point

Auí. 7512-7327

350

3414 No. 3

No. E rubber per 1. July 139-24

70

No. 4

0744 Spot rubber unbaled

67-07 03-04 7330-70 BO

3015 ↑ No. 1 pale crepe ...............

034

96% | Blanket crepe

LONDON

#232-0415

The rubber market was steady with spot quoted at 224 pence per Prices:

No. 1 Raspol som Settlement house term:

July

tAm.

Aur.

Sept.

July/Sept.

Oct/Dec.

Jan/Mar.

Apri/June

June, July and Aug. ...

North-west Airlines (Com.).

Ola Mathieso

Owen-Ulls Cam

Oxford Paper Co

Baile Gas & Elec. Pam American Airways Parantant Pictures

Parke Davie Co.

Penny J.C. Co.

Perm. Sall Ou. Philip Morris

Procter & Gamble Co. Paltaburch Plate Glass

224 Pubicker Industries

Pure Ol

20

150 151

elusing averages

1.075

47042

110.04

Ois Elevator

15 se

18.20

1.00 1.385

mucks

102.43

133

40 bonds

99.52

1.00

1.70

Cumon. future price index

155.88

0.14

22 0.14

.... 20.00

113

Closing Prices

27 1125

201 DO

2000 44 50.30

1815

Juta 100

Allied Mills Inc.

30

10 15 20 28.70 2.00

200 M

1503 20.03

Aun. Brake Shoe

37

DO 291.80

500 120.70

American Culite & Radiu Corp.

American Airline .........

132

1udio Corporation

Radio Corp. Pref.

10:20

American Cyaramsé Co.

45

Repubug Steel

500 20

Aine. Fogn. Power

14

Resholds Metzi

Am. Gas & Electric

4

Sears, Roebuck & Co.

2312

Am. Home Prod. Ain. Mach. & P'dry American Metal ...

35-34

2016 Stell Ol Co.

Salotter Paper

*****

Sinclair on

American Smeltjag

44

Am. Sugar Ref.

20

Solar Aircraft

American Tel. & Tel.

1701

American Tob. """

0822

Soutien Co. (The)

Southem National

GRA

401%

Southern Radway (Com.)

10ti

Standard Brands

Standard Ol of Cal

Baldwin-Lama-138m,

12

Standard Oil of Ind.

Deluge & Onio

201

Standard O of N.J.

Heretical Finance

25%

Steep Rock Torento Exge.)

Bendix Aviation Corp.

Sterling Drug_Co.

Benguet Cona.

Bethlehem Steel,

40

Studenker-Packard Corp.

Boeing Airplane

Borden (The

Cn.

62%

Swift & Co

35% Texas Co

Calif. Packing Corp.

LATE

Textron Inc,.....

Campbell Soup Co.

411

Tile Water Assn. Dil

Canadian Pacific R.

27

Time Inc..........

Case JL Ch.

10%

Tri-Cont.

Werronts

Cat. Tractor

Celanese Cors.

1031

Union Carbide

C.I.T. Farial Comp.

Union C of Cai.

Chase, Mahat. Bank

$114

Union Paciße Itailway

4714

Union Akeraft

United Gas Corp.

The Dokon Abbey has been Mocne E ... 61111

Brooke by

Marine, el 9. 27 no INDUSTRALS Limited, #t Lowestoft, for Cenient

23.40 23.00 1500 Assumgated Humber Lines, Amey Casi

T Limited, of Hult. A sister ship STOES, ETC

Dury

..... 1760 17.70 for the

Melrose sane wwANUS, Abbey. is building at the same yard and will have

u similar Watson-

[1. Craw Marconi Marine installation. COTTONS These two vessels are the largest Textile XD ever built at Lowestoft,

INVESTMENTS Yangtze

KC-135 CONVERTED

TO JET FREIGHTER

A

LIGHT, portable cargo loader, to help the U.S. Air Force provide omorgency freight service to

Oriana-which Logording tu the Oxford

19 Companion Literature was the nine applied by Elizabethan poets. to Queen Elizabeth 1--wes finally clusta.

SOME DOUBT

Although recently some doubt has been cast on the name Orlena having been bestowed on the first Elizabeth it is not dit puted Buat Orlara did appear in the mudrigals written at the time of Elizabeth and although Thomas Morley's collection was not published until after her death has been commonly ze- eepled that they were compared In her honour.

name

..

1120

Nuryam:

4 10 7.70

5.00 0.10

124 1750 1500 4 17.5 1000 11,00 :000 11

1.80

B000 4.15

CHATTER ON WALL

STREET

New York, Jane 24.

isolated bases throughout The problem for the Inverler is the world, is being provided for the Boeing KC-135 tanker-transport.

The carpe fonder, designed for quick lundling, derives 118 energy from the plane's electri- cal power system It is co- tained in installation kil which can be used in the current: KC-135 surfers,

Designed for A muxbaum of 8,000 pounds, the cupette It is on this assumption that portable Tonder can easily be the Orkana Badge has been deunded by the Jet's gadar signed fluking the

few. Components of the system, Elizabeth I will the present fubricated from aluminium, can be installed or removed rapidly. RAIL SYSTEM

Elizabethan period.

French Helicopters

For the last few months, Sud- Aviation has been selling helicopters on the world market. Following are the Sgures up to

January 1, 1958.

Anscenda Copper Annco Steel Artmou

Atlas Cons. Mining

Burroughs Add Machine

Chrysler Motors

Cluett Peabody. to avoid inies which have Colgate-Palmolive Co. advanced to such an extent Colombian Carbon Co. that improvement in carning Caminereal Credit

Comandawealth Elec. power over the reasonable Consolidated Edison future has been discontinued;] Continental D of Del.

Crown Zelierl:zch to avoid

excesses where re-

Cuban Amer. Sugar been Diamond Alkal cent price strength bisa based solely on progressively blamend Matel Co.

Douging Aretak

pont de Nemours

where Dow Chemicals

cheapening money; and coun-

Issues on increases can foreseen or where

contrato

dividend

45

Socony Mobiloli

Sout Tuer Hico SURRY

11⁄2 | Slakely-Yan__Camp,

Sunshine Mining

Twentieth Century Fox Flim

012 D.S. Full "Ð'

U.S. Cypoun

U.S. Le Co.

V.S. Rubber

23

53.5. Sting

230.5. Steel

241

434 U.S. Steel 1 P.C. FF

Warner Bros

1812

03

30

50

Westinghouse Air Brake Westinghouse Electric Western Union Tel. Co

45% West Va. Pulp & Paper

Woolworth

47.

-V.P.I.

INTERNATIONAL

TIN COUNCIL

Do Eastern Alfine economie trends are clearly favourable -Shearson, Hamil & Co. The technical target on this move is the May low of 455.45 Jones industrial the Dow average-E, F. Helton & Co.

Our current feeling from a trading standpoint is that market is in a selling rather then buying zone--Reynolds & EVERY REASON Two There is every reason to be- electrically driven combination Deve that the industrial aver- hoist and carriage units, move will retreat to around the the loud,

440 level once the intermedlate

A rail system is used to carry Co. and spot the load anywhere li

the plane's cargo area.

th

INVITES RUSSIA

Paris, June 24.

disposal of substantial quantities of Russian tin on the world market, decided last Saturday

When leading or unloading is top is completed Clark Dodge The International Tin Council, disturbed at the completed. the outside loading & Co. unit гал

Radio Corp. not expected to buz dismantled for stowage in a rack in the cargo recover to $3 a share next year ...Abbot Laboratories may five-sealer SE.3130 This means cargo can be boost ls 1.90 dividend rate next

tonded or unloaded at any base yeur-Harris. Upham & Co.

Sun-

Ten two-senter hellcopters, SO.1221 "Djin," with Turbomeca "Palouste" turbine engines were ordered abroad.

Sixteen "Alouette II" helicopters, with

aren.

Turbomben. "Artoiste" turbine without assistance from ground- Raytheons backlogs has rench-

engines were ordered bronch.

tinents will thus bo

using

station loading equipment, Sixteen countries on Ave cotr- The cargo loader is designed primarily to give the Air Force high-speed logistic support for alr bases anywhere in the world.

French helicopters.

U.S.AIR

ed 325 million. Level rise Super-markets should earn 1.70 in 1958 against 1.50 before

IRA Haupt & Co.-U.P.U

portable cargo, loader, now being provided for the UBAF, win convert the KC-185 to a lot freighter for bases fucking adequkte ground-loading facilities.

241-221

General markets, cif haal, ports:

Estate crepo

Shin July

thick July

2211-22%

25%

-U.P.I.

COTTON

NEW YORK

Prices of cotton futures closed today us follows:

Spot: 335 July: 38.18 Oet: 36.70 Dee: 37.20: Mae: 37.12: May: 31.07-13;

July: 2007: Oct: 34.40: Poe: 91.27. NEW ORLEANS Prices of cotton futures closed today as follows:

Domestic No. 6 sugar futures

lower with sates of11 contracts.

Contract No. 4 (world)

July: 237; Sept: 130; Oct: 3.39 for: 3.40: May: J13 July: 3.35 Sept: 3.35: Oct 135: Spot-tente par h. tab Cuba): 3.50; Open Interest: 7,165 cutitracts,

(domestle)

Contract No. Sept: 5.77; Nov: 77: Mar: 5.30; Spot-cents per lb, if NY ex-culy): 5.75 Open interest: 1800 contracts. -UPL

METALS

NEW YORK

Prices of melil futures closed | today in cents per lb. as follows: Lead July: 10.05b, Sept: 10.83 Zme July: 8.20b, Scut: 8.90b; Cop per July: 24.041 Sept: 24.00; Tin July: 5.57b. Sept: 93.07

LONDON

Prices of netais closed today in sterling per long ton as fol- lows:

'Tin t 730, 7301# 3-months;

FOREIGN EXCHANGE

NEW YORK

Closing rates were:

1.0416

Chrads England omelal

Austenia

day's

New Zealand

Enith Africa...

Other unchangedi,

LONDON

Closing rates were:

New York ... Montrond

Amerian

Brussel Cuperliggen Frankfurt

Mitan

[JARD

J'arim

Zurich

2.00% 200--1/10

2.18-4/2

2.01%

ZAN-2 MON 2.00-11/16-2,08-13/16 10593-10.50 139 39-330.35

$1.84-1 ay;

20:07ME

1175-1301 72.30-133 122-13.43

Others unchanged.

LONDON

MARKET

DOWN

Lindóń, June 24.

COTR-

Stock markets were decided- ly dampened down today. Eren gilt-edgeds sagged, with War Loan down 2/6, influenced by the petition of new issues and the setback in sterling. A mid-week commercial de- mund for dollars combined with the Middle East troubles put sterling under the 2.81 dollars line

ngain.

The only

feature

in tf

foreign bond market was sorne robbling at one Japanese. Dollar

overnight

or two of the stocks were

Wall Street

13261, 11216; Copper apat: 19 Marked down in adjustment to iDa: 3-month; b. 197168; 1wb| Tower 2nd half June: 74:55, 742455 Sept: | values.

7018: Zine, Ind hair June: 0576 Sept: 05318, 0370-

353,

851

Flow On D-Mark

Fastest Since

Last Autumn

By SYDNEY GAMPELL

London, June 24.

INDUSTRIALS Industrials, after on carlibe marking down, became steadier with the result that the market presented an irregular · ap- carance With industrials on a six per cent yield basis, 2 tires covered, the share is not and this won so badly placed, reducted

the underlying steadiness. Leading industrials were mostly three pence to nine pence lower but in electricals falls were sharper, GEC losing 2/m.

In

Os sagged a little with the easier trend an Wall Street, Gold shares were quiet and coppers dull.

cased half a

Suez Canais

The flow into the D-mark has lately been the point to £53-U.FI.

Its brunt has fallen Agreed Merchant Rates

Maximum

fastest since the crisis of last autumn and seems strongly set in. mainly on the frane and the dollar, and the arrangement for German support payments selling 17%, Minimum Buying to the U.K. should miltigate its impact on 30 days, 17-11/10 00 days, 1734 sterling-while the payments are being made. 90 days: Swiss Francs, Mexi

more 10 the (subject They are unlikely to weaken; pace

the to but this electoral Germany's reservės,

cycle then

might and one Easonal one) time they should be at least a tunporary windfall addition to reach a cage where Bellain felt Britain's unlike las iutumn rich with reserves of $4 billion, when, although the German nid rising, while the U.S. felt pour of $20 billion, payments were larger than this with reserves year's will be, they got rast in falling. the genernt debacle,

Bilateral

to

U.S.A Dollars,

17% T/T, 17-9/16 0/D, 17%

mum Selling 75%.

Exchange Rates

Bunem was done in the local unemelal exchange market

at the following rates: dollar per $1) Sterling notes (per 1

inorning

The trend is always more im- portant than the level-China

US.

The

Britain's Mall Special, why reason:

EPU bilateral

payment creditor in May was 5212 million Instead of the usual $3 | million is that Switzerland lang moved into EPU deteit.

The gives Britain the option of paying off the old ECOTE through the EPU clearing in- stead of bilaterntly.

More important than Britain's half a million dollars a month,

remembering the previous uni-

que strength and prestige of the

Swiss frane and weakness and disrepute of the D-mark Swit

to formally invite the Soviet Union to join itserland's delict organisation.

the

highlights the

new strength of the D-mack and makes it all the more pre- posterous that German bond

effects on the price stability of yields are still twice as high as

Swizs. tin

The decision was taken during the Council's 12th meeting held

· Peter refused to say what al Palmis Dorsay Hotel on the 'Taft bank of the Sème.

racesures, the Council would "The Council'examined take it Russia refused to join question of exports of tin from and thus voluntarily agree the USSR and agreed for subject its exporis to tn to the mally to invite the USSR to quoins imposed on producer become a producer participant members of the organisation.

In the International Tin Agree- mont," na offelal commumique released at the end of the meet- ing said.

COMMUNIQUE Expanding the communique Council President Georges Peter of France said he himself would make the thumbi shvitetion, 10 Russia

POSSIBILITY

to

Britain's gain of $125 million

in May was not quite so good as It looked.

The settlement with EPU this month will be $32 million worse than last month and, although U.S. defenco ald receipts have virtually cease;),

there

Was A windfall one of $5 million in May as a result of the tobacco- Peter was asked whether the housing deal aminced Jast possibility of pledging the con-February, So the true gain for sumer nations of the Counell to May was $80 million.

Abnormal boycott Russian exports if the refused the in- Soviet Union vilation, had been or would be envisaged.

This is appreciably less than the earlier months of this year $137 He replità he could not say which ranged from "Russia has always declared it since the Council was making million for April to the ab- $208 million fot is willing to help under-on Invitation to Russia and It normal developed nallons and to join in would be out of place to speak February thanks to the Royal Internationdt Economic Co of sanctions at such a time. Dutch capital issue)-but it f Peler expressed the hope that the eighth monthly gain in t operation," Poler sald. "Well, ifere is a chance for it to prove Russia did Join the Council row, it is up to the levels, of

other this,"

nations, which had not last November or December, and Josats of Poler Bald

accurate done so thus fir, might recon-t in far better than

more than $300 million #pièce of the amount ofsider their position. Fulton

ihd lin exported to

ipat August and Septeinbër. His statement referrbà in par- world market was available, a ticular to the United States, by

As the dollar, is a bigger "We do know; however," for the world's largest consumer currency than the mark, if the and Germanby dollar stays weak Britain may Peler quid, "mt ihr exports re-flin, Japon present a substantial qut which are got members of the be able to go on rebuilding her which is having unfortunate! Coltell

reserves at BODO such sleday

estimate

16.00

Australian notes.

(per 1) 12.57 Indonesian rupiali (per 100) Slon tical (per 100) Singapore (Strafts)

An Very Fine Cognac

MARTELL

CORDON BLE U

also THREE OTÁR VBOP and EXTRA

Obtainable Everywhere

Sole Agerits:-DODWELL & CO., LTD..

0.00 28.75 1.30