1958-08-07 — Page 9

TRANSPORTATION

WHISPERING GIANTS HIT U.S. AIRLINES

WHERE IT HURTS

By ARTHUR BRENARD

London.

THE CHINA MAIL,

THURSDAY, AUGUST 7, 1958.

BIGGEST-EVER

BUY-A-CAR

BOOM IN UK ·

MORE than

By BASIL CARDEW

London, Aug. 6. £1,000,000 a day is being

London Remains Firm

London, Aug. 6. Stock markets remained firm today in spite of the overnight getback Gr Wall Street and the latest summit conference.

Gilt-edged securities werd

quieter but hopes of a further re-

duction in bank rate were still

spont in Britain's biggest-ever buy-a-ruraing high and the tone was

car boom.

*

BITH.

German bonds wore frm to a

In the first 90 days of this year sales of cars quiet foreign borts market. and motor-cycles totted up to £101 million.

It meant that the number of carg on the road-just over 4,100,000 At the start of the yeur-Increased at the rate of up to 40,000 a month.

there htt

Бо

now

private cars more

CHATTER

Dearly ON WALL

STREET

THE Britannia "Whispering Giant" prop-jet 4.500.000

double the figure of 10

airliner has captured the major share of the world's most profitable air route, the Trans- Atlantic crossing. Hard-headed American airline chiefs who snubbed the British plane now admit in their It is hitting them where it hurts most profit and loss account.

I

CAN

reveal

dot fures generally available that sho". pere the masive Britsepia has captured the North passenger market.

-

Altart Increased Payload

It has forced is competitors

lo sack thousands of employees as an economy measure and even made the airline directors take a big salary cut,

For Vanguards

N increase in payload for

A the Vanguard propeller-

turbine oirliner which is duo to como into airlinor service in 1980, has been nounced,

B.O.A.C. and the Israeli Ais- line fiying 1ritannias across the -Atlantie are virtually full on

vach flight,

bencest American Ya! competitor can claim only 80 T cent of its seats filled on the tourist Clossing to Europe

1.000 ball in

the

fver

Opposite direction. SHREWD, BUT . . .

the

an-

than

years ago and the total num- her of motor vehicles, including commercial vehicles, vans, end public transport is approaching 8,000,000.

Acceleration

And UP stil! UP. soar sales, reveal Treasury statistics p Hshed today.. They are accelera- ting part all previous figures.

New York, Aug. 6. It remains our opinion that the all-time peak of the industrial Dow Jones average will soon be test- ed-Van Alstyne, Noel & Co.

We continue lo regard textile sharet

AN

the

somewhat

Bojler stocks were mixed in sympathy with Wall Street's setback overnight.

INDUSTRIALS

Interest in Industrials Wan selective bu! feirby lengthy lat of gains had been established by the close.

In the mining sections Folds Coppers were were hesitant. strong after a duit opoing.

BP and Shell In the gils market were up as the reall of inter-office dealings over- night and today were in keen BP closed four demand. antilings up at 104/7 and Shell Transport cload 4/8 up 149/7. Canadian Eagle and vitramar showed net gains.

U.P.I.

By the end of the year it is cheaper than most other stocks & I Bank

Estimated more than 500,000 cars will be sold on the home market-roughly 10,000 week.

That is about half the produc tion of Britain's motor factortes, Arst Ave Output during The mths of 1958 was 21,250 cars a week. The rest go for export.

-MILESTONE

If the rate is main. tafora-an expected-

than 1,000,000 στης μέρα cars will be made by the end of the year.

This payionit Increase--one "c:

b-gives the Vanguard what the manufacturers believe; to be the most crunomical seat- mile costs ever offered to the

In a 130 051 airline ludustry.

class is Hollywood thrift

coniuration the Hardest hit

direct

operating tycoon Howard Hughes Trons | Vanguard's

rosts (A.T.A. formula) are

during the Work Airlines.

Hughes who asked two cents (1.71 pence) at just new

miles stage length, first five months of 1958 com- Bristol, makers of the Britannia, above 100 to send months ago for him to see.

This is how the number

registrations

to Catfdrap_tu_ont cent (85 pence)pare with last year:~~~

and below at 900 miles and 500 1

Then he announced

that heyond. These are U.S.A. operat ing costs. European costs would would buy them if B.O.A.C. would

release to Trans-World be in the order of 26. a

mille at 250 miles and 1,354. those they had on order.

1,000 miles.

If we

AIR FARES

January

February

seat

March April May

of

22,908

43,016

22,842

38.770

35,272

58,714

36,694

60,255

45,017

57,265

Just how shrewd Hughes was to make this demand and just

New cars manufactured in the shrewder how much

our own

Brst quarter of 1957 totalled herofi industry and B.0.A.C.

tree In the first In the view of the manuftes were to turn it down is now

turers the new Vanguard, used 158,947

moths of this year the total made plain,

(abreast. 34ounted to 278,355, as a 139 seater had sacrificed the 1.0.A.C. order to Hughes for inch seat pitch) can reduce ntr fares by up to 50 per cent in cosis) the sake of quick dollars 10 months ago, an American com- Europe (using Europenn

have the und by up to 30 per cent in the would pany

the U.S.A. (A.T.A. costs) com- Atlantic Blue band of

pared with current tourist or Alr.

Hughes' airline executives ad-sch class rates. It can achieve mitted the march Britain stolen on them.

how

hom

Air

results at a 05 per cert these passenger loud factor while al lowing for a 10 per cent pront margin. Whether operated this way or be a tourist class or mixed class vehicle, the

"I am sure that the Britannia for the success Atlinke, compared

dimellies,"

ΟΥΤ

is responsible

the

our

with

Goitions Gilmore. vice-president

of T.W.A., said,

'VERY FICKLE'

MILESTONE

The £ 101 million spent In the first quarter of the year compares with £76,000,000 in 1956, £75,000,000 in 1955,

11CW In hard ensh sales are run- Vanguard is, says the Company, ning almost four times ahead of the biggest potential profil 1954, earner yet designed for short Land medium foul air routes.

ever known.

And even when rising prices and the falling £ are taken into The Improvement in payloadnecount the 1958 ear spree is "It is a great competitive ad-

of anything vantage to have such a plane. of the Vanguard, with an initial silli laps ahead The public are very Sckle. Our speed of 425 m.ph. liter in- "Thisreasing to 450 m.ph., has been 1 airline chlef here said:

altera- business today is a race between achieved by structural

tions and strengthening. The technology and bankruptcy.""

flow vara francial crisis is 1,380 eu. It. of underfloor freight

spore remains unaltered. T.W.A.?

weeks freight space, achieved for 1,000 Within the last few 1,000 of their 20,000 employee; b. of structure and a loss of 5 The directors mph. in cruising speed, is suft- have been #red. have voted themselves a 10 percent to allow some ten tons of

freight to be carried cent cut in salury.

As well as present cancella-

air services tions

of

OCTUSS

the Allante, T.W.A. plans in

lop off 10 per cent of its Greenock Gear For

scrvices

manth..

schedules

for

next

This

The Loom is reflected is the Spares of one of the big five Brilish ear manufacturets-the British Motor Corporation.

The corporation is now. em- ploying record figure of more

63,000

while workers than output is at the rate or 500,000 vehicles a year,

in The market

Briluin Is blagest fur the sinaller cars, the Morris Minor, Austin A.55, the Hman Minx, the Standarel 8

T.W.A. uirliners have flown World's Biggest Tanker, and the Ford Popular,

the Atlantie only half full. OTE

a few planes able to carry 70 or

and Prefect.

Has New Credits

A

Ike's Warning Sparks Selling Drive On

New York Market

New York, Aug. 6. warning by President Eisenhower that management and labour would be headed for trouble if they did not hold down profits and wage increases to reasonable levels brought a selling drive into the stock market today.

HONGKONG

STOCK EXCHANGE

Our Own Correspondent Business done on the Hongkong Stock Exchange this morning amounted 10

approximately $205.000. Noon quotations and the morning's transactions were:

Shares

dyert Sellers Salem

BANKS

They are low hy relation to not working capital, physical assets, prices in, former years and the which the business prospect stock market is inclined to dla- count, Among the better unes,

Washington. Aug. 6. Mis are Cone we think. Lowontein, and Pepperell Manu- The Export-Import Bank re feluring W. E. Hutton & Co.

ported today that it had authorised 191 new countries credita in 30 totalling $855,600,900 dur- | sUIPPING ing the fiscal year 1958 which ended on June 30.

This service sees speculative potentials in textile stocks and Industries, citica, Burlington

and J. 1. Slovens Lowentela, -Poors Investment Service.

Moody's purchases of the one totalled William Street Fund naore than 17 million for the

two months fucki's frst -business.

May Fall

rate

HK Bank

XD

East Asia. INSURANCES Loinbard

Wheelock

..

743

276 2014

रा 0 10 1000 u

4.03

DOCKS, ETC. K. WHATE

of

In addition, the Bank

111 allogallons. and Provident proved transactions totailing $45,000,000 | LAND, ETC. Funder credits previously au- HK Hotel

Humphreya thorised to put a lotal of $001, Land 500,000 in the Bank's funds to

RUBBER work for speelfie purposes.

Amaty Of the

141 for TALI 191 credits,

authorised on A. Tawali. $17,400.000 were

ap-Drek

101

11.30 12.19

1000

4214

•

20.00 1000... GOD.

21

15.09

1.50

1.53

1.04

ruaning May tag sales are

ns last about the same year....General Outdoor Ad- vertising 1958 earnings may fall requests-from-U.S.exporters or Sungla

The re- UTILITIES the 4.75

financial institutions. 20 per cent below share of 1957 but the 2.40 maining 50 credits for $839,200,- Star Ferry

C. Light dividend is believed safe-Rey-400 were authorised on requests Yaumall Electric frem uveracas, nolds Co.

Thompson

Products

and

Asia

1.05

27.20

3310.30 300 kr 251

Volume increased in the last hour to such extent that the tickers fell as much as seven minutes behing the market. They caught up just be. fore the close.

Issum that recently had been blet up on price advances fe sharply. The copperk wore prominent in this group with Josses ranging to more than two

Aluminium polnis,

issues dropped twe.lo more than three points.

Firm Spots

New York Central

Norfolk & Western ....... North Amer. Aviation North-west Airlines (Cool) Gin Mathiesen.. Otin Elevators ..... Gwen-nola Glaser oxford Paper Co. Paide Gas Fire Pan American Airways Paramount Pictures Parke Davis Co. Penny J. C. Co.

Penn. Salt Co. Phil Morris

Procter & Gamble D.

Selling spread to other see- tons of the market. Some of the | Tichiren Plate Class

Publicker Industries oils managed to hold gains run Pure Onl up by the earlier trading, Che-stadio Corporation micals also had scane firm spots, fadio Corn. Pref. notably Dow. Mack Trucks held Repubile Steel....... Fears, Ronhuck & Co. arise of tore than a point, meit Oll Co.... Zenita rose more than two unti Saint fter. Paper Intemational Silver more than a Sinclair Oil point,

Selling in coppers got added impetus from a cut in copper custom snclier. prices by Losses at the lows ran to more then two points in Kennecott, Anaconda and Magma Copper. Alco fell more than points and Kalser Aluminium and Reynolds Metals more than two in the aluminiums.

Bocony Mobil Dil Solar Aircraft jonge

Southern Co.

South Patrin Xles Sugar

(The)

Southern National Ca Southern Railway (Com) Standard Drands Standard Oil of Cat. Standem Oil of Dut Standard Oil of N.7.

turco Sterling Dry Co.

Of a total 1,187 issues traded, 873 were lower. 294 higher. There were 93 new highs, only 5 new lows.

New York Stock Exchange volume was 3,440,000 shares.“

Exchange

New York Stock Exchange bond volume was $5,910,000.

American Stock voluine was 60,000 sharès,

closing averages Dow-Jones

1.85

113

54

17.50 27 27.40 200

27 20

20000 37 20

1.20

*500

WHIT

*2.63

37!

17.30

20 industrials

17!

200

17.40

20 masa ||

latest

140

03 alucks

300 14 2014

10 bonda

6.53

70000 0.00

DISTRIBUTED Remo-Wooldridge have merged By areas the 1958 fiscal year Macao to form a now glant in the Bell credits were distributed in this Tel.

$700,000, Africa of Spatial Electronics. Thomp-way:

INDUSTRIALS sun, vin

the merger, bus vle $424,100,000, Europe $122,700,- Cement

America $308,100,- Amoy Can transition1000, Latin tually completed a

STORES, ETC. Dairy which places in an advan- ono,

The additional allocations and Won tageous position in a variety of well-defined growth fields-Ira transactions covering previous-L. Craw

Iv authorised audits included COTTONY Haupt & Co.

Reynolds tobacco should earn $3,200,000 for Africa, $30,300,000 Nuayang better than 0.50 in 1950 against | for Asia, and $12,400,000 for 6.15 last year and could boost Latin America.

total of the

$901,800,000 the dividend from 3.60 to 3.40

in the fiscal year: by next year.. Liggett & Myers authorised 1958 earnings should compare 1058 to borrowers overseas to

Busines was done in the incai with the 6.35 ro purchase machinery, equipment, favourably

market Tast ported

your...Vick commodities and services in the unoffel exchange

murning at the following rates expected to raise United States, 80.5 per cent.3. dollar per #!! Chemieni is fts current 100 cash dividend to went to these nine countries: Sterling notes (per il

Australian note sper £1) Ladoncadan rupiah (per 100) minimum of 1.80 by next Brazil, Chile, Colombla, India,

Mexico slam teal (per 1001 Upham & Co Irrnel, Italy, Jun, year-Harris

and Spain. uri.

Singapore (Strattas U.P.I.

(Exchange

Rates

Rock Toruntu Exge.) Stokely-Von Cony, Studebaker-Packard Corp. Barwhine Mjning Swilt & Co Техен Ср. Textron e

Tide Wafer Ash, all Time .....

Tri-Cont Werrants Twentieth Century Fox Film Union Carbide

Union on of Cal. Unlon Pacife, Railway United Aircraft United Cas Corp.

1.9. Foll U.S. Gypsum 4.5. Line Ca.

.. Rubber U.S. Smelilak U.R. Steel

U.B. Steel 7 PC. Pr

Warner Bros.

Westinghouse Air Brake

403.21

Westinate Electric

143.12

79.23

173.22

17.00

Coun. future price index 355.3

Closing Prices

Alien Inc. Acy,

Allied Chemienix

Allied Muls Inc,

All Chainers.

Am. Brake Shoe

this

5,83

10 07

12.57

7.20

ᎡᎯ

thick Aug. ...

American Aulice

American Cable & Radio Comp.

Arican Cyanamid Co.

Amer. Forgn, Power

Am. G&Electric Au Home Prod. Am. Mach. & dry American Metal Ambienti Sinelung Am. Sugar Net.... American Tel & Tel American Toh, "B" Ana Copper Armeo Sleet Amour

Allas Cunn, Mining

uldwin-Limadlem, Bakimore & Olilo Beneficial Finance

Berdix Aviation Corp.

Benguet Cons.

COMMODITY PRICES

FOREIGN EXCHANGE

NEW YORK

Closing rates were:

Canada England octal

more, the number of passengersTHEN the world's largest Vauxhall's report a tremendour France has not reached double figures.

U.S. WILL WAIT

tanker --- now

But in the slightly larger elans Belgiu

Itailand sales of their Victor Argenting being rise in

And the Ford viaguay built in Japan-goes to sea saloon and Velox. she will be equipped with Consuls and Zephyrs are touch-india

ing record sales figures. osteoring gear

What makes the Britannia attractive to the Transatlantic 'posscnger?

B.O.AC. says: "It is ite size

Greenock.

In made

Inc., National Bulk Carriers, (that means comfort); Its speed of New York,

begin are 10

Expansion

Next year expansion schemes (an average of three to four building the 183,000-ton tanker by Vauxhall, Ford, Rooies, and hours less time on the crossing) in the former Japanese shipyard the Brith Motor Corporation Sta range (a crossing without stops) and its quietness and they operate at Kure.

now

buy

lock of vibration (ièss fatique to the passenger)."

Might Mr Hughes Britannias for alling.T.W.A.?

Mr Gilmore said: "There was more support for the theory 18 months ago than now. I believe that time does not run on the side of the Britannia.

for

'The order

the steering Hear his been pinced with the Greenock firm of John Hastie and Company.

Messrs Hustle have built mora than 20 steering gears for vessols by the New York operated owners, and there le at present It le now more logical for us 87,000-lon, tanker in servico

With a Hosile steering gear.

to wall for our Arst pure Jet aircraft to be delivered and ride

the current sol-back."

But

I

thai cany reveal

the

makers of the Britannia are still PUSHER TUGS

In touch with Hughes and are cautiously optimistic about the outcome of negotiations.

NEW FIGHTERS

THE remaining four barges of

the eight built by Yarrow - Bud Company Together with

Pakista

90-day

1.04 3/22

May/June July/Aug

Evtale crene til Aug

25.00

SAO PAULO Colton future closings, cruzelfos

per follows:

cilo

METALS

NEW YORK

the Prices of metal futures closed today in cents per lb. as follows: Lend

J

were

Aug.

45.10

Oct.

47.00

Dec.

48.30

Mor.

May

43.50 unquoted

In the

United States, average price of one-loch cotton spot markets at 14 designated

.0200 11/16

Aug

023 10/10

was 34.84 cen

Sept

Total sales were 7,935 bales.- U.P.I.

Zine

AUR

Sept.

Copper

ARG

RUBBER

Sept.

Tin

AAA

Sept.

2.20 13/14 futures 2.70

.2543

.02.25

.1475

.2107

.2107

LONDON Closing rates were: New York ... 2.00 11/16-2.0014 2.09 11/16-2.0072 Montreal

30.0036-10.50% Ammerdam Brussels

Frankfurt arms and component

costing

Lisbon more than £200 million will be Milan completed, Enormous assembly Oslo and production shops are now being erected for the B.M.C. at Zurich Longbridge, Birmingham, and Cowley, Oxford.

A leading car manufacturer told me: "The wonderful home eales story is being matched one hundred par cent in exports,100,

"America is buying more of our sports cars than ever before. Commonwealth and other over seus marketa are taking their full quotes and today the whole world seems to be buying British cort."

810ckholm Vienna

138.07-132.00

10.3312-10.33}} 11.6815-11.6914 50.45-10.00 17371-17373 19.00-19.29% 34.41-24.413 72.27-12.30

17.30-13.

COTTON

NEW YORK

LONDON

10.335

10.108

9.004

10.00

23.81 2016

PL870

11.75b

Prices of metals closed today

In sterling per long ton as

Rex rubber futures today follows: closed 18 to 27 points lower Tin with sales of 27 contracts, Closing prices:

Bept: 420 Nov: 20.10: Jan: 20.00; Mar: 2703; Moy: 21.96; July: 27.653: Sept: 27.05.

AMSTERDAM

Caill. Packing Corp.

West Va. Pulp & Paper Woolworth

S

FREE WORLD

274

Beleber Steel

151

Boeing Airplane

Borden (The) Co.

Burroughs Add Machine

Campbell Soup Co.

43

Canadian Pacific k

Case (J. 1.) Co.

Cat, Tractor

7034

524

4013

Celanese Corp

C. 1. T. Finance Corp.

Chryster Motors ....

Clusit Peabody... Colgate-Palmolive Co. Colombian Carbon Co. Commercial Credit

Cummonwealth Eles. Consolidated Edlausi Continental Oil of Del.

Crown Zellerbach Cuban Amer. Sugar Diamond AlKRIS ..... Diamond Motch Co. Douglas Aircraft Dow Chemical Dupont de Nemours Ejern Airline Ediman Kodak yin

Paso National Gas Family Finance Cory. Firestone Tyro & Rubber Ford Moton..... General Dynamis

General Electric

General Motors

TRADE WITH COMMUNIST BLOC RISES

Washington, Aug. 6. The State Department re- ported today that trade between the free world and the Communist bloe last year rose to a post- war high of US$6,279,- AB(4000 but amounted to only three per cent of all world trade.

The new figure was 14.4 per cent higher than in 1950 but Si the role of expansion dropped

about 20

compared

003;

2414

per cent with the 1960 advance,

The statistics were in a semi- annual report to Congress' on 528 the Mutual Defence Assistance Control Act of 1051, known as the Battle Act. That law is designed to discourage trade in security items between recipients of U.S. áld and the Communist world.

1937

$17ÉL

20

45%

44%

43M

►

21 PER CENT

that last The report showed Relyear tree world exports to the 20%

Soviet and Chinese Bloc totalled 34about $3,100,000,000, rise of 21

Buyers Sellers

Spot 3-month

9341

73112

General Foods

72

*790

Copper

Gen: Pub. ll.

Spot

20012

20714

Gin. Tym & Hubber

3-month

200

200

Getty Oll.....

Lend let halt

Gildifen Co.

7215

725%

Goodrich (B, F. Co.

Nov.

11144

Aug.

Nov.

Heyden Newport Corp. Homevinke Mining Co,

100

. The rubben market was quiet. Prices closed today in guiders Zinc ist bi per kilogram, cit Aug. s

follows:

No. 1 rubber

No. 4 rubuse

No. 3 rubber

No. 1 crepe

BINGAPORE

27 năm.

225

2.50

NEW YORK Prices of cotton futures closed

The market opened slightly higher on better New York ad today as follows:

Spot: 34.46n: Get: 36:25: Dec:vices and ruled quiet with minor Mor: 30.70; May: 3001; July!

fluctuations. : 32427: Dec: 33.21.

8135-014 NEW ORLEANS

No, rubber per in. Aug.

Sept. 814-BILL Prices of cotton futures closed

No. rubber per lb. Aug. today as follows:

No 3 No. 4 Spot: 10 Oct; 36-22; Dee: 50.54:

Spot rubber unbated Mar: 30.77; btay: 30.75; July: 20.00;

Blanket prepo No. pale crepe LIVERPOOL

future closings, The United Kingdom in-pener per lhi, werd' as follows:

American Contract

their pusher tus Congela five Production Index

left under tow

Colton

02-034

701-7

813-a

911-03

In

LONDON

London, Aug, 0.

for

Oct/Nur. J

Deg/Jan Mar/Apr. May/Jun July/Aug

DeL/NAV

Mar/Apr.

No. 1

Bettlemenf.holna

closed The rubber murkel steady, with spol qualed at 231⁄2 pence per lb. Prices: .pd 26,07

24.90

25.12

Allred Contrack

Jon/Mar

Apr/June

55.33

Juty/Bapt

at-211 statal markets, 'cir basta, gms:

25.00

| Aug, #ept, and Oct.

THE Hallan designed Fiat (191 Nigeria. The tug and the other lightweight aghters will be four barges are already on their largely instrumented, and will way and all the vessels will be bo powered by British equia-assembled at the Port of Burutu dustrial production Index inent. Many of the flight, engine in about a month's time, and pecial cockpit instruments required for this well measuring produced by

De

aircraft as

June talding 1948 as 100 expected to bo 187 to 138 the announced today. The final part of its order | Treasury the complete fuel for the United Africa Company | This would

etanpare with the equipment will be la a second pushor tug which is provisionally limated Mast Brilish troup due to follow her sister tug at index of 139 and 141 in Jung

the end of this month.

1987 China Mail Special,

of companies.

GAN

0513

-UP.I.

SUGAR

New York, Aug. 6. World No. 4 sugar futures today closed unchanged to one point higher with sales of 230 contractk.

Domestic No. 0 sugar closed unchanged to two points higher

Goodyear Tyre

Grumman Aircraft они он

Inland Steel Co. Interchemileal Corp.... Ex Busters Bachines Înti Korvester ....... International Nickel 3r.ternational Paper Int'l Tel Tel John-Manville Co. Kalier Industry Kanmas C. Power & Light Kannecos Copper

gett Meyers Tob. Cu Lockheed Aircraft Loews IncOTD. Lone Star Cement Co. Lowenstein & Satie, Man Iny, Trust Co. McDermott finy McDonnell Alrecati

Block. T with sales of 125 contracts.

Mesabi Iron Contract No. 4 (world) Scpt: 347; Od: 5.48; For: 3.48; Minnesota Mining

Mixkan Developineni Mar 331 May July Monsanto Chemical Co.

Montgomery Wanf... Motorola Inc. National Cult Co. National Cash Reg. “A” National Dairy Prod. National Lood............... Nations Steel Corp.

Cornel

33

2394-23 Sept: 330 apot-fcents per, ib. 2314-231 Chabal: 330; Open interest: 0,724

Contract No. 8 (domenilo) Sept: 181: Nov: 6.51: Mar: 802 May; unqudied: Spot-cente per i elf NY ex-duty): 0.75; Open inbapest 239522596 | 2,069 contract--UPI,

per cent over the $2,000,000,000 221 for 1956.

in

Imports from the Communist bloc Increased from $2,000,- 000,000

1050 to nbou 401k | $3,200,000,000 in 1937, a rise of Pets eight per cent.

30

The report showed that fees world trade with Chica was ap six per cent above the 1950 totui and trade with the rest of the Soviet bloc was up more than 52 10 per cent,

(Am.

rat

24%

During 1057, the United States exported $3,481,000 worthi and - of goods to Russia

the parted $10,780,000 from Soviet Union.

The United States last year exported $8,000 worth of goods to the Chinese mainlurid, but Metals explained that the

48 shipments included core for the wo of the diplomatic missions of friendly foreign="/countašja, and books-UP.I.