TRANSPORTATION
NOISE RESTRICTIONS MAY AFFECT AMERICAN JETLINERS
London.
BRITAIN last week imposed strict regulations
that, aviation sources believed could hinder forthcoming operation of American jet airliners on the dollar-rich route from the United States.
The ground rules appeared likely to give Britain's Comet IV and
France's
Caravelle
head start in capturing business from the big American Boeing
717 and Douglas DC-RJ
liners scheduled to start flying here within a few monilis.
MARINE FOULING
RESEARCH IN UK THE
Transport and Civil Aviation | THE cost to the whole of Minister Harold Waikinson said
the British Merchant | three major regulations would
apply to the U.S. juta pending fleet of fouling of ships' satisfactory completion of tests hulls by barnacles and other
to prove that their mise has marine growths runs been cut to a reasonable mial-millions of pounds
mu."
TOUGHEST RULES
The
which
until the
Tougheet rute, could delay regular Fervices, specified that British « •311 <• Et decide Anorient Jets' noise level is now ceptable they will be able to take off and land only during "waking hours,”
4 THE CHINA MAIL, THURSDAY, SEPTEMBER 4, 1958.
Telephones Help Sustain Buoyant Industrial Average In NY
New York, Sept. 3. American Telephone featured closing trading on the stock market today with a rise of more than two points at its best.
HONGKONG
STOCK EXCHANGE
Our Own Correspondent
Business done on the long- kong Stock Exchange this morti- ing amunted to approximately 2426,000.
The general market while | Stendard Oil of Cal
higher guished the day below Standard Oil of Ind
Standard Ol of N.J. 11s best lovela
with profit Reep Rock (roronto Exge.j Laking coming
into many Sterling Drug Co. including the slocis Stokely-Van Camp.
Studebaker-Packard Corp. where losses ranged to more than a point.
1BVALM
Sunshine Minis
Swilt & Co. (xd). Texas Co.,
Textron Ine.
Tide Water Asm. Ol
Telephone helped sustain the Industrial average which cross-Time Ine cd into now high territory Strength appeared in chemicals, oil, individual utilities, tyres tobaccos, drugs and special issues.
Болк of the
Tri-Cont. Warran Twentieth Century Fox Viln Union Carbide Unlon Ol pt Cal, Union Facile Raliway
United Aircraft United Cas Corp. U.S. Foil
U.S. (TypeD
U. . Line Co.
U.S. Rubber
17.5. Smelling
Dividend News
Dividend news helped Comm- Edison and Cuban monwealth American Sugar.
Common-U.S. Steel dividend system whereby prac
announced # unique
leally all of its earnings would be distributed each year,
wealth Noon quotations and
the morning's transicklens were;
pera Beller
MK B
Sharea DANKS
INSURANCES Lombard
*31 740 70. 740
271
SHIPPING
Waterbeat
hs;དང༥༠l¢uE
into
DOCKS, ET
1
0.75
42
1000
140
400 420
every
4x er 500
Prievident..
13.40
500 o 11 20
DO 11.20
LAND, ET..
HR
Ro
¦ HR Land ..
31
4
200 20.20 # 10031.73 31.73
Braty GODBER Amalg
135
40
15
1MD
TELITIES
<
Star Peny Vaurant
Lacie
1t
tra
your.
Even for a single voyage from Cape Tow to London for a 7,500-ton cargo ship capable of 14 knots the "bamacle bill" may exceed a thousand pounds.
These els underline the in- portance to world shipping of a
and larger series of lobera
Cow
tories which LCI, have built at Brisham Devon, and
Others call for use of nodee-which have recently been open- rerlucing memanes when engines ed. They will provide the latest
V run on the ground, and use
facilities for testing productive of operating techniques cutting
properties of all types of manne vise to a minimum, especially
paint. during take-off when aircraft engines are gunned to close to their full power.
Britain's controversial Comets, which recently underwent noise tests by the New York Port Au- thrity, and the smaller French Canivelle were not affected. A Clovernatoni spokestozu
they had been tested, found t have noise levels cotuparable to piston-engined nirliners.
zond therefore would not be restrict-
g.
But the Boeing 707 which is scheduled to sort North Atlantic passenger servire fate this your, and the DC-8 which will follow it, have not yet beim pašesod 175′′ the British
Pan-American World Mr- ways, which hopes to be the Arst to start regularly-scheduled jet service across the Atlantic, is ex- preto 12 bring Boeing 707 here for noise tests curly next manth.
VOLUNTEERED
Walkinson indicated that Pan- American volunteered to subanit to the new restrictions
|
zavere,
חרוך;
Atmospheric attuck in marine conditions is is exaptiolly Salt deposite, high humidity or actual immersion. and strong sunlight all help | STORES, ETC | break down paint. These condi- | Dry
tire all simulated tests which the paints uİETNO,
CLEAN SEA WATER
ize t
Wat
1. W
一
1525373 31600 74
200 17.30 20037.340) 500 720 50 4 13.10 27,80
TUDU 27.30
300425.20
Trading was active as the market sremed to celebrate the 2015 anniversary of the peak of the bull market of the 1920' set on Sept. 3, 1020.
Of a total 3,101 Issues traded, 500 were higher, 369 lower.
New York Stock Exchange volume was 3,240,000 shares.
New York Stock Exchange bond volume was $4,800,000.
American Stock Exchange volume was 1,070,000 shares,
Dow-Jones closing averages were;
30 Industri
20 razis
ลม
11
Mood In London
London, Sept. 3.
Stock markets were in a buoyant mood today and prices munde considerable headway particularly amongst industrial equi- ties.
L
small investors who tended to Ignore the US Ste Depart- 336 ment's warning that the 224 Formosa altuation was "serious" and refused to be depressed by the setback in basle Industries— 33% coal, stock, shipping, frosport 254 and textilen,
TA
37
71
uy
30%
RECESSION
AND
RECOVERY
By SYDNEY CAMPELL
London, Sept. 3. Thy tone was being set by There is nothing metaphysical about the wonderful American recovery. On tha contrary, the moot question is whether financial life can have so simple an inflation as Wall Street has lately inferred. The Americans did not talk themselves into and then out of a recession.
shares
Landing: industrial 34
were nearly all A for peace 10094 higher and there was little dign 47 of any desire to take profits, Engineering shares were ut- standing. Blue chips to move
shend included, tobaccos, ICI 10 Dunlops and the stores section,
BANKS HIGHER
M 6715
42
241.
1.5. Steel 7 P.C. PT wamer Bros.
14
21
Westinghouse Air Bruke
EX
4018
40
1.2.1.
Westinghouse Blectric Western Union Tel.... Werd Va. Pulp & Paper (xd) Woolwertk
Chicago Grain Prices
Chicago, Sept. 3. Grain futures prices closer in generally flem to strong ranges today on the Board of Trade to- day.
-Skeat No. 2, red
Spol
18435 BOGA
I
of .
E
year
to
them- military They over-extended
equipment jumped selves into a recession and their from $8 billion government overspent them out more than $20 billion,
it is a simple as that and
Because of subcontracts and Banks moved higher again marvellously effective effective purchases of materials and parts the Wall Street with the city beginning to re-upward on
and by the companies that got
the ordering effective down-millary orders, Eard them as "growth" invest- spending, and
Ange is more effective than the ments in view of their new ward on the bond market
stage
alike on payments the dollar. mood of expansion.
business and senti-
and
the
The gilt-edged market loose a In the short period of nine markets, sharp turn for the better in ad-months between the third ment vance of the announcement of quarter of last year and
For most practical, purposes the gold and dollar reserve fecond quarter of this year, in this inflation of more than $11% figures for the month of August, † ventory demand stumped by a billion in the Federal sector There WHA general oplinksm | trifle of $10 billion a year, from works additionally to the Infin- these results, Gains in oveumulation at an annual rate Lon of $15 bilion (to a dellelt the government issues exiented jof about $2 billion to liquidation of $12 billion) in the mainly to as much 4.
AL about $8 billion. Private State and local sector.
idiout
There was le movement in capital investment and the ex- The agregate effect is about
falls but port surplus aisa slumped by foreign bonds and
million dollar stocks gained ground in few adjustment to trans-Atlantic aplece. values resulting from yesterday's rise on Wall Street,
dollars A
Switching
So what? The
the same as if the overall U.S. year budget had been worsened-In
nine months--by $27 billion yent, to a detrit of $24 miðlun
end, according to such authori
Eisenhower Government ties as President
with
Gold Shores eased in absence of support, Oils moved narrow- | sector-the aggregate Federal. rnd the New York Fed..
were little changed. State and toem budgets-look-more-to-come. That's-Keynos,
all in their stride by switching that fs-China Mall Special.
Short-Term Money Rises Again
Sept. 187
TRUYE
ly and U.P.I.
Dec.
$17.71
Mar
103.76
1925 19 1907-197 1907-197
27 27 70
istles
70.05
July
15 stucky
170.27
A5 20.30
87.67
Corn, No. 2, Yellow
Comm. future price flex
16157
Spot
131-4321
INDUSTRIALS
Arty Vary
Sept
1261-
2230
40
Closing Prices
Dec.
M
Dee. New
..... $0.50 17,319
4000 17
Allied Chunktenis
霉
Mar
1000 1400
110
MI TU
lled Mille.
BJ
May
1277 300
Aika Chalmeth
3300
13
Am. Brake Shoe
42L
Rye
American Autioe
Supt.
SOKE $31.20
American Cable & Radio Con
Abet .
29900 < 0.76
American Cyanamid to.
Amer. Forgn. Power
Oats
Am. Gas Metric
442%
Sept.
106
Dec
0317
Soybeans, No. 2, yellow
33
Sput
20011
18755
Sept.
$114x4
Nov.
Jas
542
Ma..
May
#24TS-
201 220 230-231
1314
Barley
Bendix Aviation Corp.
Spol
1-13-128
Benguet Corr
Bethither Steel
joding Airplane
New York flour
230 lb. mek
INVESTMENTS
anche
At the Brixham Maine RecorTONS sranch Station research workers TNUM are able to ublom hinge qu mati- ties of plexus sea waters much as twenty hotend gallens on Boar. This enables then 10 carry out experiments to test anti-corrosive paints in CUN- stantly flowing seawater,
Plating rafts ice Brixham harbour are used to west both under water paints and those
pains used on the superstruc- ture of ships. Bundreds of pain- ted panels are either EXPRES
Above G level to winds and wrather and salt spray while other panels suspended below
water are used for testing ami- fouling compositions,
Paints are availble which, if
will before properly applied,
resist fouling for at least a year, over- coming the need for more fre- quent drydocking,
they were annouticed. The air Be also agreed to limit its jets gross weight to 190,000 pounds for the duration of the tests, And that no fare-paying pas-
sengers would be carried while No Danger Of A-Ship
they were unkier way. ·-·
The passenger agreement was regarded as significant. Britain and the United States have been racing for several years to be the first to operate commercial Jotilner passenger services on the lucrntive North Atlantic route.
Polluting The Sea
Salzburg, Sept. 3.
R. P, Godwin, a pro-
CHATTER ON WALL STREET
New York, Sept. 3. Unless the averages reach a
course.
|
A. Homo Prest.
Am. Mach. & Fury. American Melai American Sinetting An. Sugar Ref. American Te & Tel Anaconda Cupper Anner Ster! ............. Allas Cons. Mining Baldwin-Lina-Ham. Baltimore & Chio Beneficial Finance
Elec. Consolidated Edison
continental Oil of Del. Sresa Zellervact: Diamond Alkait
Cuban Amer. Sigur
Dainand Match Cu
Douglas Aircraft
Borden Tlie) . Burroughs Add Machine Campbell Soup Co. Canadian Pacific R. new high early in Septem-Case J. 1) Co.
Cat. Tracior ber, they will move below genres Corp. the uptrend lines which. Financia: Curp.
Chase Manhat. Bank are, of
slowly ryster Motors
Chett Peabody moving higher. A failure Colgate-Palmolive Co. 1o follow this uptrend Clan Carbon Co. line into new territory in onewtonpit the next two weeks would indicate a loss of the strong upside momentum which has prevailed since April - Walstom & Co. The
manner in which the market water up through the higher prices ahead and that a test of The all-time highs is imminent
Van Alstyne Noel & Co. Despite the fact that business loans are falling when they should be rising seasonally, the fourth quarter looks especially Kood for the department stores and the construction industry. Related stocks should escape any sharp fall marke selbacks
E. F. Itelton & Co.
May. Exceed
Mminent American scien- sigly zone
tist, today assured delegates to the conference of the
Unlan International
of
Watkinson said the uning re- gulations also would apply to Russia's TU-104 jetliner, which is expected to be used between Marino Insurance that there London an Moscow starting was no danger of atom. sometime next year. The powerod mercantilo shipping 104 recently underwent tests at Loudon Airport and was polluting the seas.
noise
sent back to Moscow for mod:- Bcations-, P. I.
U.S. AIRLINES FIGHT QANTAS REQUEST
One
hundred und twenty official delegates from 31 - tions are attending the con- ference, which opened on Sun
next day and will last until
Friday. Today they heard Mr
suggests
Allis-Chakners 1958 earning
Godwin speak on "the effect of may at least equal the 2.11 atomic driving power on mer-earned źn 1957 and could
and the czulile shipping
use
perhaps exceed that level fur atomic wople."
Atlantle Coast Line will report net around 3.50 to 3.75 fo: 1958, against 4.20 in 1957 Northrop Aircraft net estimates. around 3.75 a share for Ascal year ended July 31, agninst.3.62 year ago Francis I. U. Pont & Co
Mr Godwin pointed out, that Washington, Sept. 3. so far no inernational directive they might lose up to atomic waste into the sea hnd He stressed, been laid down,
that it was expected Intentional
practice satisfactorily seltle
US. domestic airlines claim to regulate the disposal of
$25,000,000 of passenger however; and freight traffic if the hat Australian airlino Qantas is would granted permission to carry this problem-Reuter.
passengers for overseas be
tween two American cities. Details Of Soviet
This statement was made by
the Air Transport Association A-Ship Revealed
of America in a report to the Civil Aeronauties Board (CAB) Australian re- contesting the quest.
HAS URGED
Qantas has unged the CAD to adopi regulations which would permit earringe of percons, goods or mall exclusively be tween two points in this coun- try so long as they are destined for a point or points outside the United States.
The Association cited 'the attitude of other countries on
Genova, Sept. 3. Russia gave full technical details of its atom- powered icebreaker Lenin to the "Atoms for Poace" conference here today,
}
It is fitted with three nucler rectors it was revealed In paper written by n consortium of Soviet scientists.
Initially it was decided Install two reactors-one
to
11
this question, It pointed out Italy werful 90,000 lowalt re-
does not permit the Trans World ustor and another
Airlines to enrry
to
to provide truffle
should break. be pawer If this tyreon Milo and
down. Rome, oven
then decided wps though the trafe is destined for points outside of tinly. install a third, "la essence
Iserve reactor," It was stated, The statement said Brazil
The total weight of the Fame way while pets in tho Canada also places similar res- atomic' steam generating plant, trictions on Colonial
Its Airlines together with
protective Airlines, find
both shielding, was over 3,000 tona, Eastern
Reuter. American carrier-UP.I.
Lucky Stores 1958 estimated in share against
area
Dow Chemicals.... Dupont de Nemours Elman Kelak
1 P National Cas Fenly Finatee Corp. Firestone Tyre & Rubber Ford Mot
General Dynamics Celleral Electric Gienend Goods General Motor Gen. Pub. t. Gei, Tyre & Rubber City ...... Gladden Co. (nd) Countries. F.) Co. Goodyear Tyre... Grumman Alteraft Gulf Oil****** Heydes Newport Corp. Homestake Mining Co. Ingersoll-load
runs Paper
Inti Tel & Ti
180円
132
טי-גי1
$13.00n -V.P.I.
Agreed Merchant Rates
Canadian Dollars: Maximum Selling 10-13/10, Minimum Buying 17-1/16 T.T.: 17% 0/D.
Washington, Sopt. 3. The price that the United States Treasury pays for short-term
from Surplus of $3 billon a year
to deficit of $12 billion.
This was mainly due to the State and local governments: 1 occurred before the great in- Bation of the Federal budget deficit from a couple of billion dollars the fiscal year entled June to an officially estimated (and posibly exaggerated) $1 billion in the nowy Banal year starting with this present third quarter.
As the Federal Reserve Bank of New York ramarks, tot:l money Jose government
Spending LAS again as the Department seems likely to Increase con sold a $1,800 million issuo derably further," nud President describes the Eisenhower Federal budget outlook for the new scal year as "horrible."
However, one must certainly
underrate
the wint have already
at an average price of 2.462 por cont.
Commercial Dealings
With Russia
Washington, Sept. 3. Members of the Commerce Department's World Trade Advisory Committee had been polled for their opinions regarding a possi- bla cosing of the United States restrictions on com- mercial dealings with the Soviet Union, the Journal of Commerce declared.
I was the nfth consecutive weekly increase for the bill and the rate was
also the chest not puld by the Treasury since the Americans previous week a similar issue achieved in that inc.
As the New York Fed, further 10 responses from the 60-man The Department received about was sold at an average price of 2.182 per cent.
observes, "he massive support
In these sunc
CHEMICAL
that
The Increase had been ex-provided by the Goverment group giving their views both Boctor has been or considerably on the sale of products an! pected as interest rates were
technical data, but would not grenier importance thon has sven to be heading higher. Also,
comment on them. been generally realised." the Federal Reserve banks are
aine months their re-discount Increasing
There were
reports actual rates, although not all of the 12 up to the last quarter,
were roughly spokesmen for the chemical in- Reserve banks had done so yet. Federal outlays
¡ stable. But orders for heavydustry had indicated their out- -China Mall Special.
right opposition to the exchange of data in the chomieni feld and bad suggested instead that con- trols on the export of knowhaw to be lightened rather than loosened
COMMODITY
FOREIGN EXCHANGE
NEW YORK
Closing rates were: Canada
England oficial
Australip
3-days
Bo-days
New Zealand South Africa
101 Argentina
Colombia
Inland Steel Co.
・221%
Interchemical Corp.
GO
Peru
Inti Business Machines
374
India
Int'l Harvester
371
International Nicket
0315
110
E
44%
13
03
Frankfurt
MURD
PARLA
John-Manville Co.
Kaler dustry Kansas C. Power & Light" Kennecott Copper Liggett Meyera Tob. Co. Lockheed Alteraft Low Incorp.
Lone Star Cerneal Co. Lowersiek & Son earningableDermott 3 Ray
McDonnel Airecat (Am.
Stock Exec.)
SCCB15
1
of 1.45 1.30 in 1937- Dean Willer & Co.
weli Bucyrus Erle elluled to benefit from the ex- panding. Federal highway pro-. gramme but net probably wit Call to about half the 2.77
nolds & Co.
Ings
3
Membi teon Corp. Minnesota Mis Minion Development Monsanto Chemical Cu. Muntgomery Word Motorola Ince
National Bicult Co. National Chats Beg, "A" National Hairy Prod. National Lea
1,02-10/37
Sept.
Det.
Lerner th Sep
No. 3 rubber per
No. 3 rubber per ib. Sept. No. 4 rubber por b. Sept. Spot rubber litthaled Blanket erepo
No. 1 pale crepe
LONDON
B1-1-4/0 01-41-8174
304-30% 74-77
71-725
+
30-01
11-43
15-20
rubber The
market wus slightly easier with spot quoted at 23-11/18 penco per lb. Prices;
No. 1 It spot .......... 23-23%
Settlement house term:
New.
PRICES
SUGAR
New York, Sept. 3. World No. 4 sugar futures closed today unchanged to three points higher with gutes of 235 contracts.
Domelle No, & sugur fútures closed unchanged with sales of 134 contracts.
Contract No. 4 (world)
2.001
2.793
2.191
Oct.
2332-24
22012
26-2417
23011
Den
24-245
card
Oct/Doc.
24-241%
Jan./Mnr.
24!1-2432
3330
0410
Apri/zure
23-2419
Oct.
3.53
July/Sept.
2414-247
2101
101
General markets, cit basis, ports:
JA.
3.53
Mar.
5.40
Sept
23-23
3.42
Oct
234-237
May
LONDON'
Nov.
2342-231
July
Entate crepe Kiln Oct.
2340
Sept.
Closing rates were;
Estaic Crape thick Oct...
Oct.
3.49 3.40. 3.40
380-1/16-3BOS
.P.I.
Montreal
2.72-15/18-2.75-3/10
Spoi-(cents per 1. fub
Chibal
3.52
19581-10.50
11407-11.701%
Open interest: 0.959 contracts.
Contract No. ↑ (domestic)
Nov.
6,82
Atar.
5.04
May
5.80
July
5.73
Sept.
6.73
Spot-frenta per lb. ell
5.35
Open Interext: 845 contracts,
.P.I.
New York ......
Amsterdam
Vienna
Zurich
173755-1733
20.00-20.009
11723-11736
72.30-12.47
11.20-12.2014
Others unchanged.—U.P.FE
RUBBER
Ilex
NEW YORK rubber
futures today elosed of 20 to up 5 points with sales of 1,647 contracts.
Closing prices:
Norfolk & Wetem Ry.
North Amer. Aviation
run
North-west Airlines (Com.
Olm Master.
0715
Sept.
Nov.
ட
Alar.
May
Sept.
Otis ElevaÜRE Owen-Ilikola Glas
share earned in 1957-Rey National Steel Corp.
New York Dental Associated Dry Goods earn-
this ycer mny slightly below the 3.92 of the 1957 and 1056 periods but out- look is for a modest Income growth ahend.
Philco's than st-cony halt
may more offset the 1,442,000 loss of the
Upham first half-navis, Co.-P.P.I.
и
Exchange Rates
&
Oxford Paper Co.
Pacifle Gas & Fee Fan American Always
Faramount Pletures
Parke Davis Co.
Port Salt Co Pilip Morris
Pingurgh Plate Glass Publieker Industriee Pure Ou
fladio Corporation
Republic Steel.
Heynolda Metil
Stora Horbuck & Co. Shell Off Co. (xd) Boint Reg. Paper fils | Sinciale. Oil w..........
socony Manif Qu 3.09 Bar Aircraft
Business was done in the local Unofficial
inarkel exchange inorning of the following rates: U.B. dollar (per $1) amo Bierling notes (per £1).** Australian notes (per £1) Indonesian rupiah (per 100) Stam tical (per-100) Bingapore (trade)
pas
19.05 | Bouth, Puerto Rico Bugar .. 12.02 Southern Co. (150) 299
b.70 Soul National
20.65 Bouthern Railway (Cum.)
10.0 | Standard. Brands ....
AMSTERDAM
29.10
20.00
The rubber market was dull. Prices closed today in gulider per kilogram, df Sept. all un- changed
SINGAPORE
COTTON
NEW YORK
Prices of cotton futuros closed today as follows:
Bpot: 30.1mm: Det: 3528 Dec: 3350; Mor: M04; May: 35,05-08; July:
431 06: al : 31-18.
NEW ORLEANS
Prices of cotton futures closed today as follows:
Spot: 010 Oct: 3823: Dec: 23.66: Mar: 30.04; May: 3547; July: 3432; De: 31.32.16) Dec; 31.82.
LIVERPOOL
Cotton Aiture closings, in pence per 1b, wer as follows: American Contract Oct/Nov: 2010; Dec/Jan; 23.75; Mar/Apr: 23.15; May/June: 23.20 July/Aug: 2135.
Mixed Contract Del/Nov: 4.30; Doc/2t: 24.20;
Mare: 220 Kiny/June: 2410 July/Aug: 24.10.
SÃO PAULO
ת
METALS
NEW YORK
Prices of metals elosed today in cents per lb, as follows: Lead Sept.
Zule
Copper Sept.
Tia
Oct,
Sept.
Out,
Oct. gept. Ogt.
One chemical industry spokes. man, who usled not to be identi fled, maid that Russian proposals to buy equipment materials and even complete plants for the production of synthetle Abres and plastics might have a dis- astrous effect on the United Stales economy in years to come. the Journal says.-China Mall Special,
Chartered Bank
Dividend And Bonus Issue
The Chartered Bank announce that their Court of Directors have declared în interim divj- dend of 74 per cent actual sub-
ject to deduétion of income tax t 8/0 in the pound payable on or after September 20,
At an extraordinary general meeting" of stockholders to bo held on October & the Directors will recommend raising the
capital of the Bank to £5,000,- 000, by capitalising £000,000, out the Reserve Fund to be applled in paying up in full 000,000 sharca of £i cach which will be issued to Block- holders on the register on Octo- ber 4 in proportion to their existing holdings.
It the increase in capital 19 approved the Directors latend to restoro £400,000 at the Re- serve thus capitalised by trans- ferring that sum from the Con- 9.33 tingency to the Reserve Fund, 10.col,
The Directors further 9.20 Bounce that they hope to main- 25.2ithin the present dividend of 15 79.820 per cent on the increased capl- 04.005 P4.00 tal.
LONDON
· Cotton futuro ́ closings,
Prices of metals closed today
per long ton n5 cruzeiros per klio were as fol-in sterling
follows; lows:
Sept: 19.30; Oet: 53.18; Dee: $5,00; Tin Boot Mar: 65.70; hay: uniquetod
-month
The United States, the Copper spot To average price of one-inch cotton-moni loval which maintained at 14 designated, apot markets Lead ist half Bet..
Despite low antena od: viccs tho
openod market the provique closing around
throughout the morning,
was 34.74 conts..
Dec
Future closings were:
No. 1 rubber per l
Total sales were 18,390 balen.ine it ball Sept. -U.P.I.
UK Reserves
London, Sept. 1. Britain's gold and dollar re-
the nounced today.
Buyers Sellers
1731
+
753
207
serves rose
2071 August,
123%
7215
-U.P.L
-----U.P.I.
$3,000,000 during
Treasury
*-
At the end of the month the reserves stood #1 $3,088,000,000.
C
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