TRANSPORTATION
EUROPEAN AIRLINES SET UP JET POOL'
A
By PETER WOON
JET pool agreement that will mean heavy competition for Britain's air flag carriers has been reached by Scandinavian and Swiss airlines.
And along with the free- ment, comes a £20,000,000 stap
ja the face for Britain's aircraft BIG FUEL OIL
builders:-
Swissule
ordered Ave
American Convair 800 medium TERMINAL IN UK
jot.
Scandinavan Airlines System
has booked, three mare Ameri-THE largest modern fuel can Douglas DC-1 long-range pit
terminal
in
tho
Jels and four inore French United Kingdom has been Caravelle short-range jets. [1 fiready has seven DC-B's and is opened. Situated on a sita Caravelles on order,
TO SHARE
jo#
THE CHINA MAIL, THURSDAY, OCTOBER 23, 1958.
NEW YORK MARKET HONGKONG
LOSES GROUND
New York, Oct. 22.
The stock market lost ground again today for the third session in a row, and volume dwindled with the re- cession.
In that interval the tickers Lepped up their stride and
of
Gneral Fore Gracral Motors the Gen Pub, th cbbed Gen. Tyre & Rubber"
Getty Oll Glidden Co
STOCK EXCHANGE
Our Own Correspondent,
Business done on the wig- kong Block Exchango this morning amountext LU op- proximately $251,000. Noon quotations and the morning's transaction were:
Bhares Buyers Sellers
Get
4111
30
doodrich 1. F. Co Goodyene Tytá Gemings Aircraft Gulf 011
BANKS
9515
2112
HK Dank.. 7431
265
East Ast
200
1772
INSURANCES
Heyd Newport Corp. Humednica Mining Co.
14.
Union
Corp.
Ingenall-tand
The whole day saw caution A long list of other specialy General Rectric
rose one to two points. Some restraining prospective buyers, There was an interval in the
of the ground gained in
hour rally fifth bour when the professionalsith gave the market a little buying away in the final half hour test to see if it would generale when the volume fell sharply,
A sizable new strength.
group
Issues closed above their love of the session.
Overall the losses wero small, However, they
to ran point in several im-. than portant issues,
The big nows of the day was
declaration the
of a 25-cent dividend by Permnylvania fall- road, carrying on that road's 111-year unbroken dividend record. The stock rose nearly a point and helped steady the railroad InsuCA.
prices rallied throughout the developed with the tape idle for a few time, something rate
ilst. Then new dullness
In recent markets.
Thus markets in a few issues brought wide guino running to nearly five points in Polaroid, Philadelphia & Reading, Parme ive Transportation and Louril- Jurd.
STOCKS
MIXED IN
LONDON
old dock and railway sidings in Poplar and cover- ing over 4 acres of ground ovoil- In the nee t poul the two with six more acres airlines will share their aircraft, able for further develop- nating them out with identicalment in the future, it is
share will They equipment,
capable of storing over four with maintenance costs, tons,
million gallons of fuel oil Swissair booking; after Conent's bad S.A.5. maintain for distribution to customers ing the DC-0's, and Caravelles. in and around London.
Salon S.A.5. spokesman
has been The new Terminal "Our aim is tu lap-frog clear constructed Ior Charrington, Let
more
Of a total 1,217 issues traded, 504 were lower, 452 higher,
New York Stock Exchange volume was 3,500,000 shares.
New
York Stock Exchange hond volume was $4,340,000,
American Stock Exchange volume was 1,070,000 silures.
Dow-Jones closing averages
were:
30 Industrinia
30 rath
15
LETE
Zlocks
40 berul
Comun fiture rice ex
London, Oct. 22, Stocks were mixed on the
London Exchange today.
Industrials provided
Alters Inc. Aey. features as the Allied Chemicals of good
Alled Milk Inc.
רונן 1
STRONGLY
shares
showed
ESPN STel Co.
Int! Busters Machines A Ini'] Harvester International Nickel
International P
Int'l Tel & Tr Zuha-Monville Co
Kaiser Industry Kanana C. Power Re Faght" Kenneeets Copper
grell Beyers Toli, Cu, lacklied Alteraft
Loews eorp,
Lone Star Cement Co Lowenstein & Sons. McDermuat 1. Ray McDonnell Aircraft
Stock Exge i Merab Inn Corp Minnesats Minin Mision Development Monante Chemical Co. Montgomery Ward Motorola Inc National Biscuit Co.
1:2
ta's
417
314
וד
71
1151,
ARG
14
A
SHIPPING Wherineks
DOCKS, ETC. K. Wharf.. Dock
Provident LAND, ETC. HK Hotel
kad.. RUBBER Amalg. XD
sai Trust
A. Towan Bungata *** UTILITIES
INDUSTRIALS
Aales
73 .00 #7135
1.00 5.00
13
95
44 44.75
11.20 11.40
20,00
3014 2015
100 100
Nanyang 7.10
200 44),
200 444
200 44%
100 21
00044 17.10 500 64 11.00 5033 11.10
500
24.00 1000 24.70 230 24 00
NO DE 19.30
חת לא לי א'
140 + 72 STARTIN
1200 23
25423.50
3.10 1000 3 1500
1.523
1.55
22J
2.23
113
10
34.70
424
Am
Star Ferry.
3166
Yourmali
C. Lig
17.30 17.30
1054
Electric
21.70
374
401%
National al Re "A"
Telephone
(1) 13.30 13.50
3.70
24
7499
National Dalty Prol.
ADİL
+
(R) 7.30
National Lend
10016
$42.1
National Steel Cor
754
145:59
New York Central
25
Cement 27.03
ng
Nartolk & Western Ry.
27
16042
4,021
North Ainer., Avinttuni .....
244%
STORES, ETC.
131.03
Northwest Airlines
Com.)
45
Dairy
10.70
Olin Mothaleron
Waton
Closing Prices
Otle Elevators
39
·L. Craw,
12.20
Gwen-Blinds Glae
ዝቦ።
Sinceres
Oxford Pauer Co
31
$ 21% | Pne$fie Gas & Elec,
50%
COTTONS"
91
Pan American Airways
Textile .....
4.10
4091 | Paramount Pictures
44%
2
Penny 3. C. Co.
971
INVESTMENTS
44
Penn. Salt Co
Ailted
4
23
American Cable
Cor
Philip Morris ...
201
H.K. & F.F..
71À
Invent....
0.20
7
74%
American Cyanamid Co
124
Amer. & Forgn. Power
2015
up
A. Gas & Electrle Am. Hens Prod. Am. Mach. & dry. American Metal
713
47
Reynolds Metal
Star, Roebuck & Co.
34%
13
Shell O EX
$93
44
Saint Reg. Paper
121
DO
Sinclair Ou
MOS%
Socony Mobilo
Solar Aircraft ......
100%
South Puero Rien Sogar
147A
13 Southern Nateral Gas
Southern Co. (The)
409%
233%
Railway (Com.) 442 Brande
Bendix Aviation Corp.
1
51% Standard Oli of NJ,
Standard Oil of Cal Standard Oil of Ind
555.
4472
38%
Steep Rock (Torvato Exge
1982
7315 Sterling Dear Co.
an
Stokely-Van Canip
461
Studebaker-Packard Corp.
Sumimo Mining ..........
37%
Swift & Co.
Texas C
HT
jo
223 Tide Water An
Textion E. ....
Oil
247
C. I. 7. Financial Curji, Chyler Motora
50
Tune Ine..........
Colgate-Palmulive Ca
Twentieth Century Fox
Tri-Cont Warrants Fox Film
271%
Colombian Carbon Co
49
Union Carbide
1162
C2
Union Oil of Cal
14
Union Pacife Raliwny
SAT Untied Alterati
58
United Gas Comp
into the jet age. The agres-Gardiner, Locket and Company, result of satisfactory company All Chalmers.. mnt will make it a whole lot Ltd. at a cost of over £400,000. | reports. Shipbuilding shares Am Brake Shoe Casher."
feature of dropped under news of talling American Airline One outstanding The Caravelles will come into the
the orders in the industry. Terminal is W service next spring in compe- automatic pumping equipment Viscounts, which feeds the fuel oils from tion with B.E.A The other jets will be along to the storage tanks to the loading challenge 8.0.A.C. in 1980. hays. This equipment, eliminat- Britain bat bren hoplot manual control, ensures that Swissair would opt for Comets. [nearly 400,000 gations. fuel The
decided, oh can be loaded per day and new aprecumst against them.
that the road tankers en site can be quickly filled for dis- |tribution with any quantity and
type of product in storage. PRODUCTS
Economy Class To Replace Tourist
IN
cass
tho
Gout strongly following news that the Orange Free State's Pres- dent Brand Mine had struck American Sineltm
Am Sugar Bet. rich, Shares dosed with wide-American Tol & Tel
American Tub. "13" spread gains.
Anaconda Copper
Oils were erratic and closed Steel lower.
Gift-edged bonds met renew-| Four producis-Mobliheat anged small selling, but the deeline was checked to some extent by Mobiliarls Light, Medium
operations of one or two large Heavy will be stored at Poplar.
future
be buyers. Tuels will
121
and
view of the great suc-
of the Economy transported by river in 200-tom Class on the North Atlantic | steel barges, bulit and wned K.L.M. Charringtons, from Coryton Henery, The barges will tle up has decided
| net discharge their loads at the to expand the capacity 700 foot long quay,
Terminal 199 Poplar available in' this class.
To ensure
routes, management
built
been
the of
Armour
Atlas Craw. Miming Baldwin-Li-Ham. Baflimore & Ohio Tekellett Finance
Banquet Cons. Bethlehem Steel toelpt Airplane Borden The Co. foreign bonds and rails were lurtours Aud Machine quiet and irregular, but dollar Comphen Soup Co. Canadian Pacifle T. locks were mostly lower after case 13. CUP
Waitlent. Tractor the wernight Street.-U.P.1.
Gold Reserve
The prompt With effect from the introduc-delivery of supplies to tion of the winter schedules on stendily increasing number
Frankfurt, Oct. 22. November 1, 1968, the Sconemy new ensumers in the London clans will also be provide on aren,
West The consisting both of
Germany's gold und the direct flights betwe new factories and buildings, and foreign exchange reserves stood in- Amsterdam and New York, which others converted from healing at 25,785 million marks,
DC-TC ak by sulid fuel to oil-fired heating, cluding 10,888 million marks are operated with
(the mes! linors
up-to-date
By its location it is designed worth of gold on October 15, the long range airera of K.L.M.)
risk of any to eliminate the
Bundesbank announced today. of supplies possible dislocation Hitherta pesengers and tre
encountered might be
On October 7, they tolalled option of trufat class, first clars, which
on the 25,074 million marks, Including de luxe class ad beds on these through heavy trattle
Loads from Coryton or through 10,859 million marks of gold.- planes. As from November 1 titu
thus re China Mall Special
delivery tourkt clase accommodation will bod weather and be replaced by Live ecmemy prompt early-morning cks. The same will apply to throughout the the Montreal Houston and Mexico required. City Night
year whenever
During the period Iron Ap UK Earns $ In
i to July 31 this year K.L.M.
York Montreal, Hour and PRODUCTION of o
compared with 36,200 passengers getting well into its stride in
In the tourist class alone in the an American factory. corresponding period of
1957
Atul every one that is built
I
Celanese Corp.
Commerical Credit Conwealth Elec. Consulidated Edin Continental Oil of Del Crawn Zeuerbach Cuban Car Diamond Maten Ch. Douglas Alterait Dow Chemateals
Diamond
Dont de Nemours Eastern Airline
Eastman Kixiak
El Paso National GAK
Fenly Finance Corp.
Firestone Tyre & Rubber
Ford Mater
General Dynardes
Procter&Gamble Co.
Pillar Plate Class
30% Publicker Industries
Pure Oil
Radio Corporation
112 Radio Corp. Prof.
Resubtle Kicel
17
40
32
US Fall ""
20.S.
451.0.9. Line Co.
U.S.
Snelling 175% UA Sieri
U.S. Skeet 7 P.C. PF Warner Bros. Longen Westinghouse Air Brake Westinghouse Electric Westera Unian Tri. Co. West Va. Pulp & Paper | Woolworth
10+
34
12914
14
102
401
20-20
World Business Expected To Improve
By SYDNEY CAMPELL
London, Oct. 22. Markets reflect expectations that world business is going to improve. In the U.S. it has already improved sharply and is expected to improve a lot more.
The "confluence" of slump-making factors which was seen a year ago, is now thought to have been replaced by a confluence of boom- makers.
Discounting this Krosprei. Wall Street reaches new, highs very easily and, when it runs into profit-taking, gives ground very grudgingly." London an Tokyo stock
have exchanges been going up
anything, faster than Wall Sirect) while physlen? business in the two countries may still be going down.
Re-Expand
Britain and Japan typify
where the balance countries of payments has so improved that the governments inh the 10 afford
re-expand economies. The British Govern- ment has not much time to lose I re-expansion tu to get going in time to influence The next renerni election.
Inventory
liquldallon
was
New York Cotton Market
New York, Oct. 22. Cotton futures today, hold
ing to the recent trading pattern, edged to small gains in slow deallings. A routine demand from spot hutses and other trade interests proved more than enough to absorb light hedge selling,
A
After 20-sawing within runge of G0 cents a bale, the market closed up three to eight more drastle and sudden in the points. Opening: prices were oft
Europe--and
is three
to up one point, New ending more suddenly there. If Orleans closed up seven points. world economie revival leads to Speculative interest remrined
US than in
restocking,
Chicago Grainstend
Market
Chicago, Oct. 22. Easy to steady tones mark- ed grain futures prices at the close on the Board of Trade.
The
to come in
lo
commed'es
traders switching for some quiet with
securities and attention than thing sounde
the
other commodity markets while technicalities which are at pre- they awaited some
new incen- seal boosting tin and copper.
Uves within the cotton trade. General Motors emphasis on
IMPOUNDINGS an aluminiun engine block and
Ex consequential
changes
Anticipation of heavy loan towards utnych lighter car could
thing for impoundings in this week's big
was port
offset by mostly Aluminium and would
and pleking the crop, with favourable weather for maturing belief that the next government estimate will show an Increase over the Inst gures of 11,075,- 000 bries.
Restocking
arch
relieve
Buyers were in the minority copper of some aluminium com- agala today
market petition. during activity. Commission house and local selling prevented witent futures from rising above pre-
nf restocking Jupan's Continental vlous closing levels.
commcxlilies reported purchase of 1,075,000 sterling-
unly sterling's Coast would remove bushels on the Pacific
remaining weakness-the over- was the only export business.
Lighter hedge selling helped sens sterling area's rather poor steadier balance with the EPU area, All three other sectors- Britain's balance with both the dollar area and the EPU and, more surprisingly, OSA's, balance with the collar
keep soybeans Moderate local buying gave ad- ditional support.
Wheat closed off to 1 cent. 4 10 Soybeans closed oir
Dre.
the
area the
re-
has
statisticians Morcover, called the Xovernment under estimated the October crop indication in seven times of the past ten years,
Liverpool futures closed up
15 to off five English points and 711 to 877 American points.
Raw cotton exports today totalled 2,493 bales, bringing
aren-have been doing well, att tol for the season to 682,155
St
For Europe, Chase Manhallan Ins the Bank's
appraisal
perspee- advantage of distant Live, and some of that bank's senior officers (notably its boss, Mr McCloy) have great Inter- national experience,
секв
Wheat No. 2, red
Spot
201
Dec. 1937 (18) $2
Mir.
July
Sept
1974-24 187
1871%
Ja not really surprising if the
is de overvalued as dollar
looks.
Corn, No, 2, Fellow
Spot
110%
1119-12
Ma
Dee. New
U.P.I.
Mar.
LIST 1181
May
1202-2
July
119
Rye
Dec.
Mar
Dais
1284, 1207-129
+34
It
Dev
Mar
of
210 0. 9122-12
COMMODITY PRICES
Estate crepe thin Nov.
Thick Nov.
NEW YORK
Rex rubber futures today closed 35 to 50 points lower with sules of 20 contracts.
Closing prices:
United
SAO PAULO Prizes all unquoted today. It the
States, the average price of one-incli cotton 64 14 detated spot markets was 34.74 cents.
Total sales were 62,534 bales. -U.P.I.
carried a total of 40,400
Fengors on the roulai to
New
pas-Aviation
Trade
Dec.
new
Mexico City in the cheaper
classes (tourist and cennay},
turbo-prop. airliner
is
FOREIGN EXCHANGE
No.
Jan.
NEW YORK
Mer
air- pas-
Exchange rates were unavail- i
May
able. Canadian were:
dollar
July
rates
Sept.
Nov.
Spot high
AMSTERDAM
low Close
30-dnys
This represente un increase of 34 means more dollars for Britain's per cavit, The tourist class
***
export rale.
counted for 70 per cent of this The airliner is the Fair-
total, a
percentage which may be expected to rise in the com- ing year. The rumber of ecran-
class passengers
ried my during 1 four-month period WE 31.500.
Govt Finance Needed
For VTO Planes
THE
London.
Government
Trading part in
financing the development
child F-27, twin-engined to 4-1 plane carrying up sungers. Really it is the Dutch Fokker Friendship beleg baik the United licence in under States.
American produellen has now reached five airplanes a month,
100 ORDERED
The airliner is equipped with Rolls-Royce Darl jet-prop. engines and British Rotol pro- pillers.
$0-uny 6-month
1.03 19/04-1.03 21/04 1.03 19/04-1.03 21/01 1.03-1.03 9/32 1.032/04-1.63 27/04 1.03 27/04-1.013 33/64 1.03 19/4-1.03 11/32 LONDON
Closing rates were: New York
Montreal Anistondam
Brussels About 100 F-27s have been
Copenhagen. Frankfuri ordered so fur, but the Fair-
believes that Milan Parts bulit.
Stockholm A Rolls-Royce official said: Vienna
built
child concern
of a vortical take-off air- The engines are being
in Derby. They are helping to
IIS-
craft if this country is not to well British experts." fall behind in the race for
The Dutch-designed and
Friendship Utes 15 world air supremacy the Air sembled
per cent League sayi in an article in much as ou
equipment. its journal,
"We believe thai at least one
far-seeing air transport or VACUUM SAVE
ganisation in
this country
would like to place un order DOCK LABOUR
for V.T.O. aircraft bul the
British
Zutlet
2.00 11/16-2.80 13/18 2.7195-2.7134
10.30%-10.00%
139,3244-139.371
19.342-19.37
11.08-31.683 00.20-60.30
17444-1743 11:052-117071
14.481⁄2-14.40} 13.21-12.22
.-U.P.I.
RUBBER
SINGAPOKE
The market opened higher on better than expected overseas advices but cased on profit- taking ond Some Jiquidation.
+
31.30
11.05
31,05
30.00
30.05
The rubber market was quiet today. Prices closed in guilders per kilogram, cif Nov. us follows:
rubber
Key rules
No.
Nu, 3 rubber No. I crepe
252 nom.
2.40 no
241 no
2.60 nom. -UP.L
COTTON
NEW YORK
Prices of cotton futures closed tuday as follows:
SUCAR
New York, Oct. 22.
World No. 4 sugar futures closed unchanged to three points higher with soles af 131
contracts.
Domestic No. 6 sugar futures closed unchanged to two points higher with sales of 25 contracts.
Contract No. 4 (world) Jan: 3.3 Mar: 341: May: 3.41: July: 5.42; S fob Cuba); 3.39. 3.41; Oct: 3,37; Spot (cents per
Open Interest: 6,509 Contracts.
Contract No. G (domestic) Nov: 0.00; Mar: 5.71; May: 6.13: Juty: 5.79 Sept: 800; 8pol toena Der 15 CH KỲ xy): 1.00
Open Interrat: 14 contracts V.FL.
METALS
NEW YORK
Pricus of metal futures closed today in cents per lb. as follows:
Land Oct.
Dec.
Dec.
12.306
12.103 10.706 10.00b 29.301
Spot
4.25
DC.
58.14
Mar
36.44
36.30
May
July
ንቑ
Oct.
12.03
Dec.
31.07
$2.00
Mar.
NEW ORLEANS
Prices of cotton futures closed today as follows:
NEW vacuum machine can
Federation
Spot
34.75
Det.
38.13
30,52
Mar
Na, 2 rubber for b. Nov. 681-89
No. 1 rubber per lb. Nov. 01-£35
Dec. 01-1
037
May
July
34.01
31.01
Oct.
Zine
31.68
the
No, 3 No. 4 Spet rubber unbaled
Dec.
53.01
Mar
Copper Oct
Blanket crepe
No. 1 pain crepa
LONDON
D012-01 21017-8014 03-93
Dec.
Tin
Oct
Colton
Deco
the
cay's cuch
of
with spot quoted at per lb, Prices: prezzure air conveying system.
No. 1 spol high speed, self- Settlement house term! It uses B
Nov. cleaning metal rotor, which
Dec separates the conveyed material
Jan/Mar From the air stream by centri-App/June fugal force,
24.03 20/20
2811-2016
May/June
20140
July/Aug
Tin spot
231-2015
Oct/Nov.
3-month
20-2014
Mized Contrac
Capper, apot
Oct/Nov.
S-incesth
Tho equipment unloads up to 1,000 pounds per minute.
July/Sept. Oct/Des. General markets, cif basis, porta Rov
20%-20% 20%-2012
Doc/dan.
24.17
Lead End link Oct
Mar/Aprt
29.00
20 Jan
70
30.00
Zinc and, hit Ock
July/Aug
22.05
Det/Nav
cost and risk are probably much be used is unload a freight greater than they could justify.
carrying canal bont by a simplo the article goes on.
It forcensis that long before hookup of special adaptors lo the advent of the 1,000-ton air- the nermal outlets, or by means
of a nozzle inserted into craft there will be revolutionary developments in the field of material being carried. V.T.O aircraft,
the even
Designed for handling such materials as flour, sugar, salt, Zargent of which, it says, which
dry powders, plastic
clay. abi" require a runway,
The article
cement of sand, the all-metal discussed Immense nuclear powered al-machine operates as a negative
craft of the future and that for safely
reasona aircraft might best operate from the water. It adds: "It would be foolish not to keep a cardful
watch on the 'possibilities development along these lines." -China Mall Special
LIVERPOOL
closings, ja future
American Contract The rubber market was canlerence par lb. were as follows:
Oct/Nov. 20 pence
Doc/Jaz Mar/Apr
Soybeans, No. 2, yellow
that Western reckons Europe ran into the same 501
the justment un though on & more
1.5..
moderate
cule. Capacity outron demand, a period of con- and needed
Spol Nov.
Jaa
Mar
solidation.
"Thus the
MJY
impuet so far has bern
a ce-
Barley
ધર્મ New York flour
2001. ark
116-125
$10.00
crease in production und ventories in metals, and metal- using lines.
71)-
U.P.I.
The State Of Britain's
Economy
London, Oct. 22.
Heathenat Mr Derick
Amory, Chancellor of the Exchequer, said tonight that he thought Britain's was in better economy shape than it had ever been before.
Leverage
"Buske demand for consumer strong durables is exceedingly
in Western Europe-ulo stes
U.K
tius rose
prv Opportunities to increase
capital Curtivity by increased Investment are most attructive. nscal and And monetary pollves in many nations are be ing used in a manner that could.
in leverage exert substantial
direction of renewed the erowth.
"Thus, there would appear to the that for hope be room Western European economy forward move would begin
This too long. again before The Chancellor was being could provide an additional in- interviewed in a British Broad-petus to U.S. recovery and to television the expansion of the entire free casting Corporation
programme "Press Conference." Questioned about unemploy ment, he said: "I would want to see every single person in employment that we can get consistent with not running the
world economy."
For Britain the Chancellor of the Exchequer puls it still more tocinelly: "It need not be leng betero our production, employ-
risk of destroying the foundament, and exports are moving tion upon which employment ahead again,"
sts in the country. "I cannot risit-running into balance of payments trouble ugainst which would then face us with the risk of mass un employment."
The Chancellor was asked 29.43-456 about the possibility of an autumn budget. Ho sald he did not think one was needed. Reuter.
THIBOD 94.50b
LONDON Prices of metals closed today in sterling per long ton e fol- Jows:
Buyers Sellers
70
735
Exchange Rates
Businice was done in the local unchietal
Aa nowadays, productivity rises and falls with productius, my such revival should do much to restrain costs and to improve and compuny proat margina liquidity. In the US, despue inflat.on all the chatter about those good things are already happening-Chino Mail Special,
Settlement
Detroit, Oct. 22. General Motors Corporation, skuhange market this last night announced settlement morning at the following rules:— 11.5. dollar (per $1) ******* Starling notes (por 1) Australian zuses: (per #1) --- Zooporsian rupiah (per 100) .. Blatta.ticala (per, 100) ......ita
Singapore* *{nikalta)
3.79 of local labour disputes involving 10.04 10,000 production workers. £2.05
P.NE
Bald 219,000 of its normai, work force of 273,000 are' now!| Tworking.--China 'Mail Special.
20.90
last bales vs 1,000,311 boles your necording to the New York Cotton Exchange.-U.P.I.
To Sell Plant
New York, Oct. 22. New York Rubber Corpora- that its tion has tuinounced Beacon, New York, plant is for rale.
A strike Ly the Rubber Workers' Union had kept the July 20, the plant idle since
company said. China Mall Special.
Agreed Merchant
Rates
Malayan Dollars Maximum Selling 62. Minimum Buying O/D: 63% 50% T/T: 53-5/10
30 days; 53% 00 days.
FAST FREQUENT
SERVICE
TO
EUROPE
and the USA
on Pan Am
World's Most Experienced Airline
for reservation, call your trawl put or
Phone 37031, Kong Kang
PAN
AMERICAN
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