1958-10-15 — Page 9

ISPORTATION

Aluminium Ferry

The "Penang," built for the Penang Port Commals aion in the yards of Singapore Harbour Board, accommodates 24 vehicles and 600 passengers. Use of aluminium alloy for all construction above main deck increases payload and reduces operating and maintenance costs, a big item in the tropics.

Range Improvement

DUTCH DEAL WITH

For The Viscount 810 EIRE GOVERNMENT

17ICKERS - ARMSTRONGS

VICKE

on-

(Aircraft) Ltd, nounces that it is intended to raise the maximum take off weight of the Viscount 810 serios prop-jet airliner by 3,500 16. The necessary ongineering development and flight test programme is well advanced.

A

and to

The Hague. DUTCH shipbuilding firm is to build repair ships in Cork up 50,000 tons deadweight un der an agreement announced hero with the Eirconn gov- ernment.

Mr Sean Leraars. Vice-Premier and Minister This is the stond increase in Industry and Commerce, the Viscount 810's maximum that the agreement

take-off weight to be announced recently. The

original

Eireann

for

Buld

011

the

was

£5,500,000 sterling project

an terusion "for us to put the en-red came out."

Under the agreement the shipbuilding firm

Shipyards,

of

tractual take-off weight of the Viscount 810 was 87,500 lb. but the first aircraft to enter service giant

the V, 812 for Continental Voroline United Airlines was certiflented at Rotterdam), will take over the 69,000 1,,and subsequent con- Work Dockyword Limited and triels have been at this weight the ushbrooke Company, Cork. The new maximum take-off | and lease installations at Haul- weight will take effect on all | bawline. Viscount B10 orders as from

NOW.

MAXIMUM TAKE-OFF

The elfeel of Increasing the V. 810's maximum take-off weight from 65,000 lb. to 72,500 b. will be to extend the range will maximum payload of 15,003 11 from 800 to 1,200 miles with 1 reserves,

FIVE STAGES

ve

The plan will be in

"depending on world stages, shipping demand and on the success of the previous stages in euch case."

Mr Lemass, who said the dent was "a gesture of confidence in In practice, this means that the industrial future of Ireland." airline operating an added that the financial and conomy-class Version

up

ta

of the other facilities to be granted to V. 810. carrying

75 the company by the Irish Gov- passengers, will be able to offer | ernment were not exactly low-fare travel over

ably greater distances.

consider ned at this stage.

de-

Alternatively, the extra inke- The situation was that The off weight will reduce seat-mile company should go ahead and, cost at extreme range by 23 per 1 it should run out of cash at cent and at the same time in any time. it could apply to the

◄ THE CHINA MAIL, WEDNESDAY, OCTOBER 15, 1958.

World Markets HONGKONG Deluge Of

Reflect Expectations

By SYDNEY GAMPELL

London, Oct. 14.

STOCK EXCHANGE

Our Own Correspondent

Business done on the Hong- kong Slack Exchange this morning amounted to approxi- nately $108,000. Noon quola- tions and the morning's trans-

actions were:

shares

KURA SIR

Markets reflect expectations that world RANKS

business is going to improve.

Buyer Sellers

700 733

INSURANCÊS Batea

Asio Nav..

Sules

500 1.275

73

1.275 4.33

4.90

DOCKS, ETC. K. Whart Dock

01.30

你们

44:6

400 6 44.73

wheelock

In the United States it has already improved PING

sharply and is widely expected to continue rising and perhaps to surge.

Will Street!

necordinglyed by fears of dearer and lighter Provident 11.20 11.40

If the bill rate sys LAND, ETC. reaches record highs wherent it money. encounters occasional profi-high the Federal Reserves dist Hole | taking, but gives ground only count rate must eventually rise.

Uk Lamsd.. very grudgingly.

RUBBER the Aval it

Trust"

Equally,

however, The London and Tokyo stock | Federal Reserve does not raise exchanges remain active, and the discount rate the hill rate stronger than

British must eventually fail. current md Japanese bualness reports,

Britain and

If attitudes to the Dollar and benuse

Japan typity the countries whose the United States could not be Ixilance of payments have to worse, then any change must be improved that their governments for the better. can afford to re-expand their economics.

Star Ferry

C. Light Electric

Profit-Taking

On New York Exchange

New York, Oct. 14.

[Stocks ran into a deluge of profit-taking today with tickers

as much as 15 minutes late at closing time.

This was the latest the tape when it went 8 minutes behind. has been since February 29, 1956,

That was the day. The decided on A second term,

Prices fell in all sections. But proat-inkings were met almost

share for share by new buyers decline 100005 which prevented the

from gelling out of hand.

The absorption of selling was natounding, Wall Street experts

1000 44.13

900 11.30 500 or 12.30

302 30.73 25 30.75

600 or 30%;

1.55 1.075

A. Tawah

1.370 4.25 Sungela... 1.00 UTILITIES

34.030 23

107 1:0

500 € 23

2004 ALS

Yaumol XD 1219

7.25 17.40

24.90 25.10

24 20.10

7.33 7.45 Britain In the autumn of last INDUSTRIALS

Clincet

27.10 Altitudes which have STORES, ETC.

Dairy swart so violently could swing

13.00 13.00 3000 again.

12.09 B

TRIS Macao E..

Tel

13.00 13.70

100 140

300

0.31

11.28

Much current torment seems to go to the same sort of extreme and about The British Government has las prevailed in not much time to lose If re- expansion is to get going year.

the next time to general election.

Influence

Liquidation Inventory liquidation is end. ing faster in the United States than in Continental Europe. 1 world economic revival leads to re-stocking, the commodities will of equrse benefit.

Copper and tin, ter example, lose their present might then technical boosters and get some- thlug sounder,

New York bands, and to some extent even stocks, are restralu-

Now GM May Make Small Car

Wilson 1. f'row COTTONS Textile...

+ 4.15

7.40

10

Nanyang 1.25 MISCELLANEOUS Ch. Ent INVESTMENTS

A cut in Britain's bank rate doubtless waits to Foo which cal way the New York money will jump. Only four months ago, Landen's bhi rate was five v times New Yoric's. Today, it is puly Ong point above New York.

Alled UK & FE Invest

***

9.70

said,

Trading

Highest

Chic Mantat. Bank Chryster Motors Civett Peabody Colgate-Palmolive Co. Contnereinl Credit Commonwealth Elec. Consolidated Edison

Continental Oll of Del. | Cown Zetlerbach

Cuica Amer, Sug Dirinond Arkall Diamond Match Qu Deeglan Alterati Daw Chemicals .... Eastern Arline... Dupont de Nemours Bastian Kodak

El Pan National Car

Ford Motor .......

General Dynamics | Gen. Zuh."UNI

1 Gen. Tyre & Rubber

4,000,000 Getty Oil ...... crossed shares before the end of the tiden Co.... Ofth hour and the volume was Goodrich (B.F.) Co. heading into its highest level Goodyear Tyre

Granman Aircraft since the famous Eisenhower Gulf Oil....... heart attack markets of Septem- | Romestake Mining Ch. ber 20, and 27, 1055.

25.10 Lending Issues - met ample 13.70 13.70pport before the close of the market. They had shown gains 500 24.10 running to more than a point DCO + 24.50 312 ur 7.40 with the averages heading intu new highs. Industrial shares at their hest were at an all-time 15.70 high.

Sterling's position has greatly Foreign Exchange

is some strengthened and there Inflow of what appears 10 be hot monies, but London could hardly yet afford to bring down the rate to level with New

York's.

Conjectures

Similarly,

conjectures from Delld New

upon imminent British thaves towards enn- vertibility take a lot for granted.

Sterling's fairs have

The

There was nothing in the How to necount for the suppor: of the market.

Ingersoll-Rand

faul Steel Co. ....

20th

110

23

Interchentech Corp......

in

Bustness Machines

430

267

D

4

434%

1424

inti Thevester

International Wickel

International Paper

In Tel. & Tel John-Marville

Kaser Industry

as C. Power & Light

Kennecott Copper

Liggett Meyers Tub.

iekheed Asterall

Loews Incorp,

Lone Star Cement Cu

Lowendem de Sona.

McDermott J. Hay

New York Cotton Market

New York, Oct., 14. Cotton futures today sellled back to minor losses in a alow post-holiday session. At the close the list was off four to 10 points. The market opened unchanged to oft right points compared with Friday'A close, New Orleans closed eight points higher.

Apart from final evening-up In the nearby October delivery, anticipating its expiration

10-

11412morrow, the market lacked +

trading feature.

The issuance

of notlees for

47 2.200 tales, and the circulation

10% of lew

Kas most of the

182

191

369

12

But Wall Street had been amply prepared for Just such a confidence. The experts warned repentedly in recent sessions that the market was vulnerable lo attack at the aent high levels,

McDonnell Aircraft (Ain.

Stock Exe

Merab Frum Corp.

Minneola Mining

762,

had

in Development

kansanto Chemical Co.

Mtgomery Ward Bictorola Inc.

LADA

cur-

National Biscuit Co.

451

National Cast Eleg. "A"

743

Of a total 1,230

National Delry Prod. National Lend

43

2 ca

issues op-

Parts, Oct. 14,

French pearing on the tape, 781 were all-powerful foreign exchange control agency luwer, 250 higher.. will

Forn Ippear AS

New York Stock Exchange autonomous administration, but i volume was 5,110,000 shares. will reappear Immediately New York Stock Exchange thereafter AS a branch of the bond volume was $0,711,000, Bank of France and of the American Stock Exchange Ministry of Foreign Trade, it was volume was 1,000,000 shares.

oficially learned in Parks fo- (i7.-U.P.I.

Dow-Jones closing avernges

gone Exchange Rates

well but one can easily imagine changed conditions in which the British authorities would need all the available flexibility.

Mensures for reinforcing the world's dollar supply-not only the prospective cilargement of New York, Oct. 14,

the Fund and World Bank, but General Motors Corpora- also extraordinary reopening of tion was moving towards New York's capital market to small foreign bond Issues-have come production of n

to a head just. when the OVER- I.S.-made economy car, valuation of the Dollar appears but had not yet decided to make them least necessary.

into when it would go

At present, Japan after her actual

Mr drastic production,

eping

her with John Gordon, the Cot-dimculties is probably the most exporter, Billain poration's President said. competitive

and Germany roughly level with United each other, and the States and France becoming less competitive.

con-

Speaking at # press ference prior to the opening of GM's motorama here, Mr Gor-

that despite current don sald walk-outs of UAW locals, he was confident that labour diff- culties could be settled by the deadline October 20.

Auto

Pol

belleve experts sales for 1930 will be 4.3

erease the earning power of the Irish Government for funds.million to 4.4 million units. Dis- aircraft by 35 per cent. Extra China Mail Special.

long-range fuel enpacity will be provided on the V. 810 by new and larger slipper tanks of 250 1. C. capacity ench. With full fuel, the aircraft can now barry payload of 10,408) lb. over a 1,850-mile sector with reserves. The Viscount 810 is powered by four-Holls-Royce Dart 525 prop-jet cgines and cruises at 965 m.p.h.

Indonesia, China

Reject Application

Cajombo, Oct. 14. INDONESIA and China hav

turned down upplications

cussing the possibilities of GM producing a small car, Mr Gor- dan reculled that; in May 1954, the Company went as far as to purchase property and order steel for two plants which were to have made economy ents. Furthermore, GM and ordered tools and dyos for the tie ear and had stuffed n light car divisjon. By May 1857, how- ever, the plan was abondoned, -

Mr Dunner sald GM was

PANAMA CANAL COy Air Ceylon to extend its currently half way between the

service to those nations be- cause of partial Dutch owner-

STILL IN THE BLACK ship of the uffline, it was dis-

THE

Balboa.

closed today.

Air Ceylon sought to ex- tend i1s For

Eas:

servies China und Jupan vin KLM

HE Panama Canal Com-to

pany reported today a Djakarta and Rangoon. net revenue of $2,656,382 Royal Dutch Airlines owns 49 for the 1958 fiscal year end-per cent of Air Ceylon's shares. Ing Juno 30,

The Ceylonese carrier operates international

The report pointed out that elation

service in 3680- with KLM between

this was the seventh successive Lenton and Singapore.-U.P.I.

jear in which the canal opera-

tions were conducted "without

cost to the American taxpayer."

During the seven-year period,

fie company said, revenues ex- Frigate Launched

teeded expenses by a total of 29

mulion, of which

$15 millon

was used for capital repayment. With A Coconut

COVERING

In addition, the company paid

into the US Treasury million covering interest,

net

London, Qui, 14. $134 THE Indian Navy ship Kuthar, trigate, was launched coat of the Canal Zone Govern- with a coconut at the shipyard ment and annuities to the He- jof Messrs. Samuel

publle of Panizma,

The report was

White and Co., at Cowes, Isle of Wight,

Issued by today.

Gov. W. ́R. Potter of the Canal

Zone, In his capacity as Pre- The ceremony was performed

ldent

wife

sof

May 1945 and May 1947 prom grammes. It was moving for word but still, weighing the pros and cons, and he could not tell the conference when a de- cision was likely to be reached. ||

China Mait Special.

GM PLANTS

BACK IN

OPERATION

Detroit, Oct, '14. Four additional General Motors Corporation plania were back on the job" yesterday, bringing the number of planti working to 18 employing some 49,709 men-General Motors has 120 plants and about 275,000

UAW represented workers in all.

At another seven employing nearly 14,000 men General Motors reported that

However, if the Americans be- esme conscious of their balance of payments, and if they tried to fackle it by cutting foreign nid. all the dollars available from the Fund and the World Bank and the New York capital market would be none too many. -China Moll Special.

5.00 10 031 12:3

were:

20 industrials 20 Falle

UTILITIES

bonds

Closing Prices

Hurinem was done in the local unofficial exchange Imarket this Comm. falure price Index purning at the following rates:- 15. Dollar (per $11 Sterling Rates (per C1)..... Australian notes (per £1) indonesian rupiah (per 100) Siam ticals per 100) Sugapore (stralis)

CITY_LIGHTS

Nation

"Take a resignation, Miss Reeves."

350 Alden Inc. Acy. 29.75 Allied Chemical

160 Ali Mille ne.

Allis Chalmers

Am. md yura Power Ain. Drake Shoe

American Airline

Am. Cable & Radio Corp American Cyanamid Co.

Amt. Gas & Electric

Ant. Home Prod... Am. Mach. A dry. American Metal

National Steel Corp. Newport lyden

New York Central

Newtrik & Wester

Not Amer. Aviation

Farth-west Altres (Com) 21

Dim Mathlewm

Die Elevators Owen-Wilnels Glass Oxford Paper Co. Pacific Gas & Flee. Pan American Airways Paramount Pictures Jake Davla Co. Penn. Fall C

Prany J. C. Co 545.77 | 170385 Mi

143.04 Procter & Gamble Co.

Pitsinurgh Plate Glaru 106.53 Publicker Industries

6833 Fio Corporatjuni

150.72 Ender Corice

stepuhile

Pret.

Rynchi Met

Stors. Rerback & Co. Shell Oil Co.....

21% Sinclair Oil,

120

Sooony Mobiles)

tenders throughout session, brought spurts of selling in the market, The October liquidation, practically against sales of De- cember and March, supposed to transfer herges forward,

Open!

contracts in October 2 today totalled 21.900 bales. The eerlificated stock nt 48,445 balus showed a decline of 757 boles from the previous post-

on Friday.

Liverpool

futures closed off

7% 20 to up 13 English points-

22U.P.I.

011,

CHATTER ON WALL STREET

New York, Oct. 14. There must be great

amount

籍

of paper profits

at current price levels but же нее по evidence of any attempt to cash them in.

If anything. It appears to us that capital in large quanti- tles is continuing to seek place- தூர

ment in ficely equities Van 4814 Alstyne, Noel & Co. Hackensack

5972

1

Water, with the recently 43 help of a

approved rate Increase, is expected to carn. 3.20 a share this year and more than 4 next year when its $2 dividend rate could be raised to 2.40-Harris, Upham

4212

43

Solar Aircrit South Puerto ties Sugar Stiern Co. (Thin) *** Southem Neoțional Car 231 Saulers Bravia

Hallway (Com.)

331

$2

Standard Oil of Cal, Standard Oil of fad.

48

Standard Oil of N.J.

Steen flock

48%

Sterling Drug Co.

201

Stokely Van "Cama.

13

API

Studebaker-Packard Corp.

123

Simahine Mining

91

SL & Co.

G1% Texus Co

01

12. Textron fe

194

Tide Water An. Oil

2011

15

Time Ins.****

& Co.

132; Tri-Cont. Warrants

271

424

Bendix Aviation Corp.

23 5715 Union Oil of Cal.

Twentieth Century Fox Filmm

32P

Union Carbide

Union Pacific Railway

11

1274

Billed AlreTaft

Delles Gas Corp.

34

American Belting American Tel & Tel American Tob. "B Anaconda Copper

Area Sterl Armour

Atlas Cons. Mining Baldwin-Limb-flani.

Baltimore & Ohio

Beneficial Finance.

Benguet Cons

Bethlehem Steel

0.9. Fall "D"

13% US. Gypsum

30% US Line Co.

15. Bulter

Boeing Airplane

Borden (Thel. Co.

Burmups Add Machine

Calif. Packing Corp.

54

Canadian Pacide

29

DUS Steel

Celanese Corp.

21

CIT. Financial Corp.

58

Cal. Tractor

COMMODITY PRICES

FOREIGN EXCHANGL

LONDON Closing rates were: New York 2.0034-2201 Monpea) Amsterdans

1.:sbon Ogla Paris Sh

2.17-1/16-2.72-13/10

10.3034-10.08%

10.3z]–1953

11.00-11.60

00.33-30.45 10.991-15.0944

1170-117014 14.4094-14491;

Other unchanged.—Ú.P.I.

NEW YORK Closing rates were: England 10 days Argenting Brat:l

Outra nebanged-U.P.1

July/Aug. De/Nov.

SAO PAULO

23.00

All prices unquoted today. In the United States, the average price of one-inch cotton at 14 designated spot markets was 34.75 cents.

Total sales were 55,840 bales. -UP.I

RUBBER

NEW YORK

Rex rubber futures today

METALS

NEW YORK

Prices of metal futures closed today in

Lead

cents per ib, us follows:

Dec,

Zime

Doc.

Copper Get

Tla

Det De

LONDON.

13.036 12.7BL

11.210

11.30b

20.50%

04.50b

03.006

.

Prices of metals closed today

S. Smelting

US Steel PC. PF Warner Bros.

Westinghouse Air Brake Weetinghouse Electric Western Union Tel, Co. West Va. Pulp & Paper Westworth

OUTLOOK

of

Kruger appears to be a split candidate with prospect earnings around a record high of 6.00 this year against 3.10 in 1937....Chas. Pizer is a stock for action with outlook for 41 earnings of 4.60 this

year against 4.23 in 1857

213%

next

and pro- spects of 5.00-5.25 for year-Standard & PoorS.

Continental carnings expected 1057 to hold not far below 29 levels with prospect of a re- U.P.I.

cord 4 to 4.25 a shore for next year....Standard Packing 1958 1.00 carnings are projected at

Chicago Grain Market

Chiengo, Oct. 14. Grain fulures prices closed

mostly easy to weak the Board of Trade today.

on

1 115 o share, down because uf non-recurring start-up costs on the company's new bleached kraft pulp mill and merger ex- pense with Eastern Corp. Out- lcok is for $2 a share next year -Abraham & Co.

Bestwall Gypsum expansion should be completed sometime late In 1980, increasing capacity by 60 per cent is expected to halt cash dividends while pro-

rumune is under

& way but thren per cent stock pay- Selling of a local character ment is anticipated. Not for weakened wheat futures and 1958 should exceed $5 a share prices dipped below Monday's Alexander Hamilton Institute. close, Earlier, the market UP.I.

showed some strength, due to ethmission house and export Luying Increased selling of southwest chali wheat in the

closed 50 to 70 points higher in sterling per long ten as fol-was

with sales of 82 contracts.

Closing prices:

Nav: 15.15; Jan: 31.03; Mar: 30.99;

2.001;

lows:

612

The pot

May: 30.03; July: 30.30; 6ept: 30.19; Nuv: 39,35.

J-month

SINGAPORE

Copper apot

1-month

COTTON

NEW YORK

Prices of ention futures closed today as follows:

Buyers Sellers

?

130

731

2

73%

JAIL

74172

601

Jath

GU

0014

-V.P.I.

Despite rather lower than Lead Art hall Oct. expected London advices the

market opened higher and ruled Zinc Arst half Oct.

steady very

and

well Was absorbed. No. 1 rubber per lu. Oct. 2014-20

Nov. 19-19-4 No, rubber per lb. Oel. 9814-8 No. 3 rubber per 10. Oct. 36-2014 No. 4 rubber per ib. 09. 24-002 Spot rubber unnfact

Spot: 34.23; Oel: 34.74: Dec: 39.99, Mar: 36.87; May: 3647; July: 34.71; Blanket Stepe Oct: 31.06; Dec 183: BAY: 21,37. No. 1 pala erepe

NEW ORLEANS.

30-005 76-70 8015-9136

SUGAR

noted with elevator in- terests prompting the selling.

Wheat closed atchanged to off I cent.

Soybeans closed off 1⁄4 to 1 cents.

Prices per bushel in cents; 14Wheat No. 2, red

LONDON

Now York, Oct. 14. Prices of cotton futures closed plants

The rubber market was quiet World No. 4 sugar futures today us follows:

after Arm with spot up 14 today closed three to five points Spot: 3.91; Oct: 30.60; Dec: 20.00; pinay to 25-15/10 pence per fb. lower with sales of 41 contracta Mar: 30.BT: May: 3.48 Judy: 34.19; Prizr Oct: 21 Dec: 31.70; Mar: 31.01.

LIVERPOOL

of the PinSINE Canet In the traditional Indian man- local issues hath been settled Company, which is owned by ner by Mrs Usha Rajwade, but the men' probably would not go back to work unut the General Motors-UAW ' contract has been refined. The contract must be raffed by UAW locils by October 20.

the U.S. Geverhment.

Brigadler D.G.R. Despite increased Income Rajwade, military adviser to

High from canal tolls, net revenue for the

Commissioner for the post nacal year was approxi-India in the United Kingdom. mately $12 millen under

that

for the preceding year. The drop

Mrs Rajwade also applled was attributed to higher operat- Kumkum powder and a garland ing expenses, due primarily to of flowers to the stem of the wage increases affecting every ship which meant that the ship oporation of the Company and had food and water starting the Canal Zone Government, the her Arst founrey, France;

Presse. roport nald.---U. P. I.

Chrysler Corporation, mcán- while, reported all its planta operating yesterday. At last week-end Chrysler had nearly 18,000 men idled by strikes –—– China Meli Special.

Dee.

193 m.

Spot

Dec. 1987

2059216) "10394-1

Mar.

200

May

July

Sept.

1401 100

Corn, No. 2, yellow

Spol

1244-120 115-14

Mfer.

Dec, new

1121

Star.

May

July

12015 12

176

Dec.

No. 1 Rm spot. 2016-20 Seillement himige term:

Nov.

2514-25-15/10 Dec.

Jan./Mar.

April/June

24.00

20-261

2011-201 2012-2016

Domestic No. 6 sugar futures closed one point lower to one polat higher with sales of 04 contracts.

Kor.

t

Dec.

Star.

Oct/Dec,

Bilked Contract

stato crepe thi

Oct,

| Tatute rope thick

Nov.

General markets, cif baska, ports:

Oct

2542-2316 Nov.

2512-231 unquoted unquoted

LUPI

Contact No. '4 (world) Jan: 244: Mar: 3.30, May: 539: July: 2.39: Beat: 13 Oct: 2.40; Spot-icefia par Ib. Son Cuba: 3.62; Open interest: 0,233 contracts.

|Berbeans, No. 2, yellow

Ope!

Nov.

Jan.

ZLE non. 210-21411 212-2161

Mar.

May

July

Harley.

Spot

New York Hour

#2316-34 22+!

215-125

$12.00

!

-UP.I.

Cotton future closings, in pence per ib. were as follows:

American Cotttract

24.80

Det/Nov. Der/Jan. M/A MAY/JUDE July/Aug. Oct/Noy

Oct/Nov. Dec/Jan.

Mar/April May/June

July/Sept.

Capiret No. 6 (domestic) Nov 120, Mars 5.07; May: 6.70: | Spot-Leerste por. 15, CLL NY, ex-duty): 0.10; Open Interest: 660 confiarte,

-UPL

GOOD GAINS

RECORDED

IN LONDON

London, Oct. 14. The stock market today ended its account period for 18 months.

Britain's

good balance of payments figures and netcasing signs of à balness revival in the United States alded tradce Rentiment.

WAK

Gill-edged securities prices sagnire were higher. Il

ilmitated by bank rate and laxation hopes and prices finished as much og 3/9 higher. Storea advanced under the lead of Woolworth and Marks and Spencer. Among olls, Shell rose 1/8 to a new "1958 ́ high. Others moved up around a shilling.

Gold shares had a good day

and closed with gaina up to a andling. Copper, Toad and rinc shares all improved further.—

U.P.I.

1