1958-10-16 — Page 9

China Mail 德臣西報 中國郵報 All

TRANSPORTATION

CANCELLATIONS UP SUBMERSIBLE AT BRITISH YARDS CARGO SHIPS

DURING the first half of

STUDIES directed toward

design of a nuclear-

this year, cancellations of shipbuilding orders with powered cargo ship that British yards word

nearly would be submersible and

employ three times higher than the would

water-jot volumo of business propulsion instead of pre- during the same period. peller drive ure being mado for the United States Mari- time Administration.

now

Recen shipbuilding figuro #low that now order in the second quarter of the year were again negligible. Contracts for 25 vessels, tolalling 13,000 gross tons, were received, bringing die total for the half-year up to only 101,000 INS lons, comprising 67 small ships.

Cancellations dusing the second quarter direct result of the depression In shipping freight rate-amounted to nine ships, tolling 100,000 GT035 fens.

OVERSEAS OWNERS

And

t

This is part of a resepreh programme to

ways putting to fullest maritime e the

potentialities of nuclear energy.

As conceived at present, the hull of the submersible ship and be elgar-shaped would buoyant, Boating to the

sur- face when not in motion,

·

Under way, however, the bull would

move just tuder the surface of the sea, while a Rondola containing bildge and These cancellations came main. | Hvių quarters would be up-

ani ly from overseas ownCTS comprised six cargo ships, two Lenkers and an ore carrier, This brings the total of cancellations in the fret six months of 1958 up to 283,000 tons, compared | soon With only 104,000 tong intake of new businers,

In the past 12 months, can- cellations of 312,000 lens com- 3ed with a new orders total of 593,000 tons, giving in net in- flux of only Just over 200,000

Tus June,

British provided yurts, at their present malo of produciori, with less than two months' work.

"The virtual absence of new orders under prevailing freight

ported above the surfact by a permilting conventional an Navigation and an air-breath- ing power plant.

Hull nutels are to be tested

10 determine the must effelent shope, and later tas are to be made to investigate the proper shape of the pondok and the most effective design for cargo spaces, vargo handling equipment and power plant. reduction is also being Drug investigated,

TRAINING SHIP

market conditions must give rise FOR SHIPPING CO

THE Svea Line will be the Tenth Swedish ship- ping company

to have a

to some concern for the future,”

the Shipbuilding Coll Buys

industry is for- ference. "Ihe- fanate in having a substantial harklog of orders for a while range of types of ships, although som bullders, especially of the vessel specially designed for smaller types, are not bookert | officers' training, namely the 12,000-ton cargo liner " nddition to cancellations. orders for a number of ships Wasaborg, which is shortly have been deferred and the luck to be

far ahead.

of pressure by owners for earlier delivery of other long dated orders is creating problema for number of yards."

Shipbuilding circles stress that many more cancellations of exist. ing orders may be received it building costs continue to rise,

REVOLUTIONARY NEW PROPELLER

A

to

SHIP propeller which promises lead to significant advances in ship speeds is announced by the

delivered from

Yugoslavian yard.

a

for

Ad-

THE CHINA MAIL, THURSDAY, OCTOBER 16, 1958.

LANCASHIRE'S NEW MOVE

Bigger Group To Consider Colony Proposals

By ROBERT BELLAMY

Manchester, Oct. 15. A representative group of the Lancashire cotton industry is now being formed here under the aegis of the Cotton Board in order to consider more closely Hongkong's latest proposals on a limita tion of her cotton textile exports to Britain, it was learned from reliable

I

. sources.

The formation of the group decided yesterday as Wis result of disagreements which come to light when the Cotton Bourd

Its Consultative Committee met here in order to discuss these proposals brought back to Manchester by Lord Rochdale, Chairman of the Bourd, who led the British delegation at the recent Hong- kom: talks.

Further Declines On New York Market

New York, Oct. 15.

Stocks declined again today and finished around their lows with losses running to more than two points in a long

list of issues.

Tickers ran be much as five (Am, Gas & Electric minutes behind the market

the

Ain. Home Prod.

пл

volume increased, The was the day's worst but it was better than

last half hour

1,110,000 shares

and

yesterday's when males totalled tickers were as much aa 15 minutes

behind. The day's sales total fell below the 6,000,000 poca set in the previous session,

these proposals, details of which

The market began on a hote have not yet been ofkelally released here, were "Hongkong of strength when Du Pant ran Last word" and that further up two points. At its low late in the day it was more than four negotiations would be useless.

below the high. Steel The Iden of the formation of points wider group of representatives issues fell and so did metals. of the Lancashire cotton Indus-Motera etsed moderately after try is to see whether there is early steadiness in the leading suftleien: backing fut the Hung-ssues. Oils joined the decline,

konk proposats

bania for finalising agreement. There was no majority at The annual conterence of the

Electrontes issues did better these meetings in favour of Cotton Board at Harrogate this

And the specialty aecepting the Hongkong pro-week and where usually all see then others. posals.

lions of the Lancashire cotton Proup showed some gainers. It In revealed that Lord Industry are represented, will The tope was catching up as Rochdale made it clear that be the occasion for much sound-the close approached in contrast with the previous sessions late. ing and heart-searching.

ness. Some lenders managed to recoup a small amount of their losses.

LONDON STOCK MARKET

attention.

also

were

Gold фагея favoured following satisfactory

quarterly statement. Gilt-edged

were quiet

Appeal

Railroad Gains

Meanwhile, Sir

Ernest

few |Goodale, President of the Tex-

hed u Railrond issues tile Institute, appesied to ail

gainers although most of the of the textile industry, issues showed losses running to Groups whether cotton, wool or other, more than

point. Ulties

to "forget their divisions, drop held in narrow area with their Internal competition bé- Į gains and lasses about balancing tween bres and unite more out. closely to producc better During fabrics and go out agressively to the anarkets of the world left open to them.”

vitsi

sension, the amounts of money were dumped in to buy stocks at lower prices. The support was not suficient, however, to prevent a decline. This one was orderty and with- of the pre- out the fireworks

the 1,236 Or

Issues traded

were set

London, Oct. 15, He said that the texule in- Stocks continued higher and ¦ dustry

was

today facing netive today with industries thrent to its well-being from again attracting the most the East, adding that "tomorrow įvious session.

the threat may come as a result of the creation of the European today, 910 declined, 243 ad- free trade area, and the day vanced und 100 hold Un after there might be a flood of changed. Now highs imports from the United States by 40 and new qwn by four.

Stock Exchange if the pound sterling was made

New York freely convertible into dollars."volunie was 4,810,000 shares.

Sir Ernest, speaking At 11 New York Stock Exchange luncheon party here sald that hond volume was $7,120,000. Lancashire can show the world American Stock Exchange by its own. efforts that Britain volume was 1,380,000 shares. still fed in the production of Dow-Jones closing averages the

finest pecunility textiles.were: adding that "this is better than any government help"-France-30 Falls

easier.

Oll shares elosed irregular with British Petroleum CX- capital at 57/0. Copper shares cased, but lead and zinc issues continued to move ahead.

made a good Foreign bonds showing with Chinese, Japanese and German improving.-U.FI.

It is mainly intended training seamen who have a certain amount of practical ex- trainees will be perience, and required to have had 24 months

on deck before of work ralitynee.

Like other Swedish lines the Sven Line has long been engaged In training young men for the profession of ship's officers. Bul the training has usually been a combined correspondence and practical instruction course for one or more

Bariness men on board the commercial company's regular vessels.

the

cx-

Mr Emanuel Hogberg. Office of Naval Research. Line's managing director. It says of the development plains that the new system is that it "can reasonably be necessitated by the enlargement and steady modernisation of the

compared in magnitude to | STUH feel. The Wusoborg is the development of jet pro-equipped with the most modern devices for tenching both deck pulsion for aircraft."

olleers and engineers.

The propeller is described

08

Until

Lype. super-cavitating ship now,

been limited by

speed

has

cavitation, Greater Traffic On

n process in which a vapour

pocket becoines

the

width of

longer

than

the propeller St Lawrence Seaway

blade, super-cavitation ensues,

allowing a free flow of water.

In appearance the new pro-

NEXT year's opening of

poller is described as differing to larger ships is

from

the St Lawrence Scoway already and greatly stimulating uso of

conventionat Lypes by

having a sharp proflic

knife edge. It is said to deve the Great Lakes ports by in- potential at high tornational shipping lines, lop full

those despite the general foll off rotating speeds such as characteristic of new murine

in available cargoes, gas turblors.

Application Of Radar half as

To Civil Aviation

HE emphasis of a com-

pany's

THE Radur exhibits

After about three months of the eight-month season nearly many voyages by in- ternational vessels have been as in the whole of recorded

substantially 1957. This

in- creased number of shipy has had to compete for cargo traffic at 15 to 20 per cent estimated below a year ago.

at this year's Farnborough But oversens shipowners have Show is on the application of apparently been prepared to sc

shipload's radar to civil aviation, cept less than full

while paving the way for the

com-

Ground rador equipment and full opening of the Seaway next. the navigational facilities spring. This Increased offered by their system appetitlen has had an inevitable the impact on ships established in pear side by side Componios joint stand in the Great Lakes trade.

the main exhibition.

surveillance rudar,

Exchange Rates

was done in the wofficial exchange market inerasing at the following exteri

U.S. dollar (per si Sterling notes (per £1) Australian notes iper Indonesian rupiah (per 100)

Slom tieals (par 100) Singapore (Straits)

Presse.

London Meeting

London, Oct. 15, Lord Rochdale, Chairman of Joer the Cotton Board, had a meet- thing with the President of the 5.on Board of Trade today to report

+

13.03 12.54

20.20

on the efforts of the Lancashire cotton trade delegation which he led to Hongkong last month. 1.0 Revier.

Ain. Mach: & Fdry. Anteriena Metal ... American Smelting Ain, Segor

American Tel & Tel American Tob, "L Anacola Copper

Armour

Baldwin-Lima-Ham. Baltimore & Oblo Beneficial Finance Bendik Aviation Corp. Bethlehem Steel Boeing Atplans... Dorden (The) Co.

Burroughe Add Machine Calif. Packing Corp. Campbell Soup Co. Canadian Pacific R. Case (J. 1.) Co. Cat Tractor

Celanese Corp.

C. 1. T. Financial Corp. Clate Manhat. Bank Chrysler Metors Clue Peaty... Colombian Cathon Co Consolidated EACH Continental nl of Del. Cuban Amer. Sugar Binnend Alkali Dannd Match Co. Douglas Atreraft Dow Chemlenla Dupont de Nemours Fastman Kodak

www El Paso National Gas Family Finance Corp

| General Dynamics

Goudach (R. P.) Co. Goodyear Tyre, Gray Aurari

HONGKONG

STOCK

A New Hongkong Annual Magazine

posi- HONGKONG's

tion as a sea and airport, and her asso- ciated industries such as shipbuilding and repair, and air repair work is an important one, and these traditional sides of Hongkong life are virile and growing today in spite of port changes

EXCHANGE from the days when

Our Own Correspondent

Hongkong existed for entrepot trade and no- thing more.

Business done on the Hong-i 354 kong Stock Exchange this annual

4114

In the forward to his Jew "Hongkong magazine morning amounted to appro- shipping,

and Engineering ximately $457,000. Noon quota- Aviation Gulde" Mr C. M. tions and the morning's trans-Wolosh etnims... "A techni 27 actions were:

cal publication that is entirely devoted - 10 the Shipping, 1762.50 Engineering and Aviation Indus- 10 733.50 Iries of Hongkung is long over-

4752.50

due." To this gap be bas produced a most useful coinpen- dium of advertisement, article, classified section Tel

500 6 1.275 18308.81 index,

11.00 11.10 900 11.00

IK lictel $0.00 21.30

4000 11.30

500

3112

GBIG

Bhared Buyers Sellers BANKS FIK Bank..

Salos

780 782.00

013

2012

12012

INSURANCES

3312

Unjon

71.30 71

29

SILIPPING

Firestone Tyre & Rubber

101

Asia Nav

.. 1.273

3716

Wheelock

6.05

General Electric General Foods

DOCKS, ETC.

QB

R. Whart.. $3.50

5.30

Od

50 4 54

General Mulor

4816

30 44 11

Gen. Pub. Util.

Dock

44.50 45

100 44,7A

Gen. Tyre & Rubber

2014

300 44.70

Provident

201

1442

LAND, ETC.

12

38K Land..

$216 Feny

24.00

...339 1.10

$35

HUBIER

381

Amalk

1.073

11927

Int'l Tel & To

112 Trust

|

149 A. Tewahi

19% Sungata

Kennees Copper

UTILITIES

Likaeti Myers Tou. Co.

7733

Then

105

24.80

Lockheed Atremft

GOEL

Star Ferry,

107

110

Laws Incorp.

2014

Ymmad XD V25

Lone Star Cenjent Co. Lowenstein & Bes McDermott J. Itay

Aircraft

30

C. Light

15:5

Electric

40%

de.]

2832

Marzo

381

Tel.

31

394

| Heyden Newport Corp, Temestake Mining Co. Inland Bleel Cv. Interchemical Corp. Inti Business Machines Int'l Barvester International Nleksi

Johm-Manville Co.

Nadeer Industry

Mesabi Il Corp. Monsanto Chemical Co.

Montgomery

Motorola Me.

National Biscuit Co.

National Cash Reg. "A" National Dairy Prod

Nallamal Lead

National Steel Corp.

New York Central

3023 30.73 1300

which amply covers the field.

Mr Wolush is famillar for his 41.30 uther publications, notably the "Yongkong Exporter," ui su- 3030 thoritative annual on Hongkong Trade which is widely, clr- culated throughout the world and is one of the Arst volumes 10200 er 1873 Bought by overseas businesmen

Interested In Hongkong.

1.70 38300 * 1,613

The present publication is a

Lho 25 4180 or 34.00 alimmer companion

"Exporter" in the same style. It is, in fact, not new-but, a revival of the "Hongkong"

and Engineering Guide", also published by Mr

100 33 $7.30 17.00 300 1 17.30 24.00 20.10 2000 + 24.30

109 13.00

Rs 19.60 15.79 100 13.60 Shipping

..

(3)..

INDUSTRIALS

23.5

24 1500

7.45

Cement 23,10 23.40

STONES,

74% Dalry

M

100

00%

Norfolk & Western Hy

774

North Amer. Aviation

32%

30 industrials

$30.14

North-west Airlines (Com.)

142.78

Ok Mathieson

391%

15 utilis

03.18

Olli Elevators

65 stocks 40 banda

184.78

Owen-Tano's Glam

04.38

Oxford Paper Co....

Comm. future price index..

100.19

-UP.1.

Penny J. C. Co.

Paramount Pictures

Closing Prices

Allled Mille Inc.

41

Radio Corp. Piet

Alits Chazmere

Zo

Iepublic Steel ...

Am. trake Shoe

43

American Cable & Thedin Corp.

09

American Cyanamid Co,.... Amer. & Forgn. Power

10

Allied Chements

COMMODITY PRICES

FOREIGN EXCHANCE

NEW YORK

New York, Oct. 1. Closing retes were: Engialul 30-days

00-day's

Салана

Belgium Argentine

1.03 1/10

2.003% 1.30-7/10

.nz00-13/16 .0173 -U.P.I.

LUNDON

London, Oct. 15. Closing rates were: New York Montreal

Amsterdam Brussels Copertuarzen Lantron MUAN Parla

Stockholm

AMSTERDAM RUBBER

The

Anisterdam, Oct. 16, rubber

market steady, Prices closed today in kilogram, c.l.f. guilders per Nov. as follows:

No. 1 rubber

NO

rubber

No. 3 rubber

No. 1 sepe

Prun. Salt Co.

Philip Morri

Procter & Gamble Co.

Publicker Industries

Pare Oll VAN

Sure, Roebuck & Co.

Shell On

Maint Reg. Paper

Sinclair Oi

Rocony Mobil Oil

Salur Aircraft....

South Puerto Rico Sugar

Southern Co. (The)

Southern Nalion Gas Bouthern Railway (Com.) Standard Brands

Mtandard Oil of Cat,

4014

1. Cmy

COTTONS

Textfie

Nanyang. INVESTMENTS Yango

Allied KK & FE Invest

13.00 15.00 1800

110 11.40 12.70 13

4,35 7.25 7,40

4.06 4.10

9.30 9.N

24

7.35

Wolosh before the wor. "And

ko s predecessor, the new release is excellently printed on

will

18.50 strong paper. It is a book that sland thumbing. and writion to be thumbed by all who want a handy and compre→ hensive periodical on its field.

New York

Cotton Market

Articles in this first edition are of a general character. One by Professor Mackoy, Taikoo Professor of Engineering at Hongkong University, Intro- duces the faculty to the reader and gives its history. Hong- kong University in fact began its correr with only two facul- ties Engineering and Medi- eine, and of the 37 enrolled students of that time 37 were studying to be engineers.

This seniority and impor- tance did not however impress the Hongkong Government as much as might have been 'ex- pected Professor Mackey points out the Director of Public Works delivery at that time, possibly with.... dominated an otherwise simple faith in the ingenulty

New York, Oct. 15. 49% Final adjustment in the spot

October

advised that should

slow cotton futuros trade of the engineering stof had sum of £100 be allocated for October hobbed up and down engineering equipment."

A for cry this from the atorn over # range of 05 cents u bale,

Standard Ol of Bad.

4732

Standard Ol of N.J.

373

Sleep Rock (Toronto Exgo

132%

Contract No. 6 (domestic)

Studebaker-Packard Corp.

11

Nov.

5.02

Sunshine Mining

B32

today.

WX5

Mar

3.67

Swift & Co.

37

May

0.70

Texas Co.

TOY

5.20

Textron Inc.

July

153

Sept.

8.78

Tide Water As, Oil

Spot-cents per lb, clf NY

Time Inc,...

252 buyera 3.60 buy

ex-duty) Open

5.95

Tyl-Cost.

Warranis

Interest:

015 contracts.

Twentiell Centory Fox Film

21

V.P.I.

Union Carbide

113

Valon On of Cal.

457

Doton Pacile Railway

2.45 buyer

2,66 buyers -U.P.I.

SINGAPORE RUBBER

Singapore, Oct, 15.

The market opened higher in sympathy with overseas advices. Prices sleadled further ou zood trade buying and demand for lower grades was selective.

No. 1 rubber per lb. Nov; 59%%- 91% Dee: 91-01 No. 2 rubber per lb. Nov; BO-EU: No. 3 rubber Der Ib. Nov: 67%- No. 4 rubber per b. Nov: 654-04; Spot rubber 80503 unbaled: 90- Blanket erepe: 2.72-5/18-2-73-7/18 70-80; No. 1 pale crepe: 02-04. 10.56-210.37

U.P.I.

139.30-139.35

10.33-19.33-1 10.40-80.55 3703-3703-46. 1170-14-1170-15 14.49-4-14-45-N

-UP.I.

RUBBER

NEW YORK RUBBER

New York, Oct. 15. Nex rubber futures today closed up 15 to off 23 points with sales of 99 contracts."

Closing prices:

Nov.

Jat

Mar

MET

Atlantic du

July

Scpt

NOY.

An Important recommendation has been made by a Federal They are giving full details of Maritime Board examiner. their new lon rango civil 1sbrandusen Corporation plans

introduced to use

vessels from s Great recently and specially developed Lakes service in the North use where high Atlantic outside the Lakea sea. for terminal speed, high altitude, civil air-son. This was opposed by Unit- craft are being operated,

ed State Lines but approved by With coverage extending over the examiner, who said that 40,000 ft, and to ranges well lapresent American flag service excess of 100 miles, to equip-herors the North ment is claimed to be the most inadequale and that there was advanced equipment of ils type therefore no compative bar to developed for civil use

awarding Isbrandisen a subsidy The Company is also providing for the route. detalla of several comprehensive display and operaliona room It is argued that the shore Installation who they aro navigation "Basson on the Great building for civil use in conjune- Lakes could well impose a fan. tion with various surveillance cini liability on companies with radom. Decca Radar Liş, Albert no option but to lay up shiga im Embankment, London, S, E. 11. the winter.

31.30

30.20

30,75

30 28

50.50

After a buoyant start, the market Gurred kreegular with prices closing Fenileby after the

greet closect. Blonia mecent London market buyers alz Beopinto chocotaragiod: by the adfuge of follow-through "buginje to develop on the recent advance.

So the shipment rodet. · mediers said brustoti (recorɔes more difficult ** och advybę czubka, bögywem to Suck woy Spot No. 1 Iướm van- quobed at $15), cerita--U.P.I.

LONDON RUBBER

London, Oel, 15.

The rubber market was 1-

certain with spol quoted

nt

20-1%, pence per lb. Prices:

No. 1 Rs pot: 20-2852. Settlement loue term: Nov: 20

Jun/Mar: 2016-2346: Oct/Dec;

2015: Des:

2014-20141

July/Sept:

2013-2012.

2038-20

General markets, cit basis, ports: Oct: 2014;, Nov; 20-2016: Dec: 2004-J.P.I.:

SUCAR

NEW YORK SUGAR

New York, Oct. 19. World No. 4 sugar futures closed 2 to 5 points lower with sales of 190 contracts.

Contract No. 4, (world)

Jaz Not

July

Sept.

Oct

Opel-(centa, per m.

Cuba)

3.39

Open interest: 0,323 contracte,

માધવપ

COTTON

NEW YORK COTTON

New York, Oct. 15. Prices of cotton fulures closed today as follows;

Dec: 30.07; Spot: 30.25in; Mar: 30.60; May: 36.36; July: 3457: Out: J2 Dec: 3109; Mar: 32.02.

-U.J.I.

In

LIVERPOOL COTTON

Liverpool, Oct. 15. Collon

future closings, pence per Ib. were as follows:

American Contract Oct/Nav: 24.50; Dec.Jan: 24.50; Mar/Aptu: 24.00: May/June: 23.70 July/Aug: 27.08; Oct/Nov! 2230.

"Mixed Contract

Oct/Nov: 23.00; Dec/Jan: 24.73; Mar/April: 24.40: May/June: 24.10: July/2kg 23.59; Oct/Nov: 2203.– U.1.1.

METALS

NEW YORK METAL

New York, Oct. 18. Prices of metal futures closed today in cents per ib. ns follows:

Lead: Oct. 12,856; Dec. 12.200. Zinc: Oct. 11.17b; Dec. 12 copper: Oct. 25.87b; Dec. 28.318. Tin: OG.

Dec. 94.80b.

LONTORETAL

4.

London, Oct. 18,

United Aircraft

United Cau Corp.

U.S. GypKILTES

U.S. Line Co.

A. Rubber

U.S. Smelling

U.S. Steel

1.3. Steel 1 P.C. PF Warner, Bras Westinghouse Air Brake Westinghouse Electric Western Union Tel. Co. West.Va. Pulp & Paper Woolworth

going off the board in mid-breakers and mechanical brains

a which noon hour at 35.91

University Engineering

cents

pound, up 17 points overnight) departments like to play with

and 17 points under December.us laboratory equipment today.

vi The Oct/Dec spread recently

was out to 50 points.

*

At the close the list ruled 11 Other articles deal with cargo lower to six points higher. The handling, ship building and re- market opened up four points pair, survival

62

SAIL

30

-41%

30

aly

to off five points.

110

114

closed off 12 points.

277

8414

Delivery notlecs

255

bales

U.S. MARGIN

421 | interests,

New Orleans services,

and

at sea, harbour air Iransport other related matter but it is for 2,700 the classified section... a

all

con- Ex-

were taken up by spot very full and clearly printed Hongkong'a İrading partially

against muide to

and agents for ules of December and March, m

Eninecting move hedges branches of the aparently to

place. forward. Other spot Ans were Industry in this buyers on balance in the March that overseas buyers will look delivery.

Commission house for most cogerly. brokers were small sellers My Wolosh is to bo

another gratinted upon. across the bound, New Orleans brokers were buyers of new cellent publication. If the gap was there, as he claims, he has crop months in the afternoon.

certainly filled it.—WJB Traders found littlo in the

Hongkong Shipping, Engin- Favourable to viller way.

eering and Aviation Guldo Washington, Oct. 15.

harvesting ident weather for

1958-39 HK$8, Standard The Federal Reserve Board and ginning operations curbed today increased from 70 to 90 buying Interest in

Pross Ltd. margin per cent the minimum

felt that It is required in buying stock.

desple operation · of the effective tomorrow,

INCREASED

nows to excile fresh interest

months.

Traders

new crop

Government loan program

less new crop months could not the escape some hedge pressure n'a

the harvest season to a peak.

It was the accend time in than three months that Board Increased the margin re- quirement.

works up

CANTON FAIR OPENS

Paris, Oct. 15, 1968 autumn exports

Isir opened in o total of

The New York Cotton Ex-

The The action follows a period

chunge estimated domestic

commodities of upward movements on the

consumption of all raw cotton Canton today and New York Stock Exchange in September at 635,000 bales 2844,000 worth of business which saw the market hit four vs 659,000 bales jast year. Con- was transected, Radio Polling all-time highs last week.

August

The Board on

cent.

sumption for the first wo months reported. of

season approxi-

mor cr

The transactions, the radio Prices of metals closed today ordered margin requirements mald 1.274.000 bales vs 1,325,-

cald covered mschinery, In sterling per long fon as increased from 50 to 70 per 000 listes last year.

iminerais, sciantide - apparatu, follows:

The Liverpool market today local proditota · nrad, milks: Tin: spot. 7458, 74b4; 3-month, 1978,

unchanged to up 80 The fair, sponsored by 15 1204: Copper

subu.

238 The purpose of both moves closed 3-month, 211/30ky. Load: it was to check speculative buy- English points and 888 to 811 organentions, is scheduled, PRIT OCE, TISONENBERE Jan, 7815b,

under New Inst In month and a halt.- ing and carrying of securities. | American points 70%8: Zle: Je fahiz Col, Tajab, 750g

Franco-PressO. York futures.-U.P.). ---U.P.L Jan, 196, 717-...

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