TRANSPORTATION
Safety In Atomic
Powered Ships
THE
Radar Reflector
Tracks Small Boats
development of atomic-powered ships is L
Marconi RANGE of Marino communications
THE CHINA MAIL, THURSDAY, DECEMBER 11, 1958.
1
}
42m AMERICANS HONGKONG BRISK TRADING ON
WILL BE
JOB HUNTING
Washington, Dec. 10.
Government officials said today the recent
is
STOCK EXCHANGE
Our Own Correspondent
Business done on the long- Stock Exchange this kong morning amounted to appro- ximately $550,000. Noon quota- actions were
in improvement unemployment expected to end soon with the result that more than 4,500,000 Americans may be looking for work'in mid-winter. BANKS
not likely to produce ony equipment and radio aids to majar addition to the navigation has been installed hazards of life at sou.
John Cock-of Horoford, 7,700 tans. Sir cording to croft, member of the British Atomic Energy Authority.
ac in the new cargo linor City Britain To
1
Built at Dundee by Cal lop Engine runy. Stipbuilding and Company, Limited, die Ch. of He was speaking to a meeting Hereford employs an Decan ben marine engineers a New VI transmitter with an Alat ut
Sir Jubr canned
for that reeelver
Indoteleg, aphi ar 13X12 aradents such as that between vummunication on the The Swedish and Italian liners, Stockholm and Andren Doren. - here the bow of the Strehlotm Petrate 15 feet into the hull Dv thealing Iner-would
1: 4
914#tני
unlikely
containing the rector vesel formare in a the ferry rowered.
Chip to be penetrated
Sir John Sales
and
high frequency 1,411 bands A Reitance trunan Her with an Autoker alevier t fe energency
Th
1
42
Alert guard receiver and guard auto alarm complete emergency Instituta. LIFEBOATS
A
Salvita portable matters neelver h Cashpurif Jokicarea that on gen
1
Unted Autism shes
A minor
loja saalihs from the role of
the direct lip was safe from intinel of a colitaum
Tias
Darton
1
ver eas pswered aperclinist saatjas. would be further away from the
des of the ship than ihh.
20
for us
cored Hot and the
Lifeboat is equipped with.. Marconi Marine est ne octahedral cadur reflector, which wall enable the parent vessel far Era 1 boat on her rear: if I k
Low visitity.
duter
culled awa $41
IV tadan ha en for the new v arul diet radio aids to maya.
Near Water Trawlers a Lode fonte berge
AV under for two
wiern
near water 1:an been arrived by lussed and Company
Aberdeen Llted of
These be bat 100 11. ng and are of the new tank - lasted
wi desi
{x$r{sw!}}
transm
arn and are the tesult of cluse elaborate between Iulders
and owners.
The
propellang
nists
inachinery
Leganes to be supplied National
Leas
Ander, an
།༥་།;'j
hich-power. Songraph (1 Pack recording hometer
A MEMUO
1 LO vided fur the redion Anadra 1 pragrammes, and fly
Budspeakers are fitted the umariolation.
Pe
Have New Tariffs
on
Labour Department manpower experts sold the anfelpated rise In unemployment would be only "sonal. But they sold the uplar was starting from muck higher level thats กรมป pince mcmployment W34 estimated at 3,850,000 in Octo- ber.
considertet
A spurt in joblesa totals was
afriss cerlain
Congressional renewed demands for Federal ald to de- pressed areas and improved un-
employment benefits. Both would run counter to the administration economy drive.
Cold Weather
Sales
20
B04.00
10
000
tions and the moning's trans-
Shares Buyers Bollers
US Bank Exmat Union
600 gr 10.50 500 ár 70
70
WALL STREET
New York, Dec. 10.
Stocks continued to gain ground today on brisk trading which put reporting tickers behind twice in the first hour.
((
as
Аля In recent sessions, activity centred In selected
such zipecialties slocks Johnson and Johnson which soared another 0% points to $143 on the heels of
recent sharp rises,
Firestone
TYTE
rose 34
points and General Tyro 24. Newly listed Thickol Chemical rose two points over yesterday's close on the American Stock Exchange.
INSURANCES
TRO
204
ID 71
SIPPING" Wheeluck
563
DOCKS, STC Dock Provident 1170 LAND, ETY". UK Hotel
43 76
44 12
POU KN 43.30
21.4 21 g
500 co
100 11.00
HIK Land
Tu
30,50
31
14 60
130
1 40 10500
1 125
175 600 A
1725
240
and Republic.
Among
nun-forrud
Realty
KUBBER Ama
A Tawh
ALITIES
Trans
Star Ferry Yaomati
Performers
Steels were good performers with gains of 1 points in
around point James and Laughlin, Ú.S. Steel
1379 Italid,"
Cerro de Pasco stood nut with
4 point Keln on active turn- over which included an 18.300-
block. share
Copp
Later in the day the marke 26.00 closed with
tutal of 1,240
23 or
34.00
sues traded, mas of which 713 were higher, 336 Inwer.
20
1000
4200
1300
20.20 28.10 2016
Maygr
114 51
£1.4
DJ
Light X1
16 60 10 70
100 or
14.00
rese nearly two.
GOD KA
16 70
200
1000
10,80
Betrie
24 80
245
ale ja
蚵
1000 or
2499
FRES) 13:30 – 13 de
400
13.00
Musea 2. solien
13
BLO INDUSTRIALS
{"1
24 40 24 50
7(x0)
200 70
24:20
dod pr
100 ur
7 fu
20 to
200
2030
2010
540 + 26
STORES ETL Daly
Walnut
2100
16.50
Avru
13 F 20
31
13 10
1. (^rew COTTONS
14
London, Dec. 11. International trading will
engler
when be made Britain's new custom and excise tariff, announced by Customa and Excise
The advent of cold weather into here today, comes
always signals layoffs for work- operation next Januaryers on farma and I construction
and amusement industries. Irw first.
ever, pre-Christmas retall trade the and services will impact of the layoffs until after the
the economists holidays.
One recent clue to the forth- I coming spiral
the [r: 1 increase since mid-July in th number of workers cinimbul Jobless benefits. The lat - eving unemployment empr- sallon probably will p ther million by FebitLF, 141 March, one Labour Department
The new tarit is based
Internationally agreed 7:30
known
75
the
- Lassification, Bevorsela Nomenclature, an. said. will
hore be published Dvember 15.
on
Of the 22 member countries
Customs of the
Co-oration Britain Camsell at Brussels,
$ be the fourth to adopt the Nomenclauze France, W Germany and Austria have al- ready introduced tariffs based
c. this classification,
official said.
of
of
Lic
'her member countries shortly The council will following sult and a number
other countries have chanß vil or erntemplate changing to The Brussels pattern tariffs.
Dwan Clauge.
was
Commissioner
Labour Statistics, recently
that unen expressed concern
be relatively ployment would
Clauge high for most of 1030. belleves there are three reason why joblessness will be a n- headache HUXL your despite the evidem recovery production Income and ales
New Plants
tional NEW JETTIES AT
"dusel GRANGEMOUTH
of 500
by the Gan and 0.1 Engine
Iska mpany
Beth truwks will be delivered to the owners the Aberdeen Nonr-Water Trawlers Lanter -early next
year
Final
Touches
THE 10,000 tons diw
of
tanker Begult Glory built for the Gulf Oil (Belgium) SA Antwerpen at the Haverton ful
sup shipyard of the Promess budding Co Ltd, has bon, ! tou suercastul trands.
She allain
speed of 151 1
#
of tariffs trade
process
pr Internationni will be increasingly Incilliated,"
"AN
this
annnlisation 1 verds,
A twe small
I RATT MISCELLANEOUS
Now Yurk Stock Exchange volume was 4,430,00U shares.
New York Stock Exchange | bond volume was $7,020,000.
Amrican Stock Exchange
vol men was 1,614,000 shares.
Closing Prices
& Musical' is
Aourt Motort a
Getal Tyre & Rubber
pet Read
Geral Mutan
Nori Anker Aviation Luewh
Studebaker-Packard
320
*)
INVESTMENTS
20
403
Gen. Precision
Dumond Akol
[CITYELIGHI
ba
WORK has spried
es at which
the Customs and Excise state-getting increased production per Cotal vessels will be able to ment added.--Reuter, lead voted products from B1%
*
Cimracen math' Refinery In Scot- 1 THỨ
tit Jetties Ari Lauated in the Eastern Channel of Grungement docks, adjacent the preserri tanker jetties. Before the Ars piles driven, about 75,000 cubic yards of set were removed from the
Each of the new T-lic aren
SUPUTPUTOS
with have
whors
vermecting
were
American Loan
coll
The 20 with
bana ngomong-h Refinery 5.111 bat a mile away.
The jet onstruct is pari
her
designed
returned to the Tees
Jac
Lex
19
Er v
1
docking and find eeuning airl
Jabatang before B4 41.
owner's service
expansion
eseat ben
mom!
project ut 7117 Ja' carried Reßnery to in-
CANS, Mlly from 2.2 millinta
32 mallion tons a year.
Djakarta, Dec. 10.
First, he said, employers are
man-hour by use of labour- saving machinery and abandon- ment of obsolete, waste plants. A normal iren per cent ad- Vence in productivity
Worki wipe
for t th ed
[WO million workers in 1959, he raid. Secondly, the commy must
T
My Howard P. Joas, Ameri-provide jobs for about 1,250,000
of the present 383,000 em Ambassade to Indonesia,ployed to get back to a relatives today mid negotiations between ly low level er jubinssets.
Unned $1s and Indonesia
700,000 Third, nht E wild be held soon for a loan
corners who will in the Inhous 1h to the step, according to
force in 1950 muil he cbs whet Antara News Agency
The loan amounted to $(US) 3,000,000 for the rehabilitation callway Ime 17 suuti Somania, Autora sali ---Reuter.
of
COMMODITY PRICES
JORLIC DACHLANGE
NEW YORK
Closing rates were: Canada England official
་་
Artralin
30-йнуя
Dunday
New Splend
South Abled
Яталі
India
Pakiato
Others unchanged.
LONDON
Closing rates were:
New York
Montreal
Amaterdom
Drusel Copenhagen Frankfurt Milan
Orle
Paria
Htnckholm
Vienna
Zurich
1.03-21732
2 8p-13, 42
2.80-1/14
251-0/10
224 .279-7/18
2 AUTS
pold 2100
2100
2.80-7/¡6-2015
2.70-0/16-2 70-11s
10.09-10,67
130,40-120 424}
1833-19.339
174594-17165
20.0046-20,
1777-1175 14.403-14 09 12.40-72.43 12_2234-13 23:
Other unchanged.-U.P..
COTTON
NEW YORK
MasJum
Juis. Al OPENIN Ime.Jun
Se ne
Ma Alu
Mixed Contract
May/June July/Aug
Oct/Nor
AB
23.70
טם 12,
The
AMSTERDAM
rubbor market Was
quiet today. Prices closed today
In guilders per kilogram, December as follows:
No. 1 rubbo:
22 03
No. 2 rubeler
21.10
No.
» rubber
No. 1 repe
20.10
20.30 --U.R.1.
RUBBER
Rex
NEW YORK
rubber
futures
closed Ave to 1 poln's higher with sales of 51 contracts.
Closing prices;
Jan.
Mar.
May
July
Nov.
Jan.
SINGAPORE
cif
Restoration
that
21
10.
" apparent
E skowalan 6 Be Togel! duzetion in the sunumet of #107 (pre-revësstem) would I us four inllion jobs tort at were sonably minimum unemploy ment, Clauge noted.
To get full employment, he said. it will be neress try tu jas crense production of goods and services by roughly 10 pre vent to an annual rate of 475 or 489 billion dollars a year.
Other Government economisk Like u
timistic view They believe a good sales year for autos and mild weather winter would spur employment They regard the current level
TRON
of unemployment as a "hang-
230 buyemovey" of the receglan that will
292 Luyor
2.34 Truy clear up us the economy
2.32 buyers tinues its recovery.---U,JI
-U.P.I.
STVEJR
NEW YORK
Prices of metal futures closed today in cents per ib, as follows:
today
Lead Dec. Jan. Zie Dec. Jan.
Copper Dre
Jan
29.79
Th
Deu
2000
Jan
29 30
11.39b
11.338
50.000
10.700
27.731
21.45p
07 256
97.12 b
LONDON Prices of metals closed today
long ton
in stering per follows:
The market was down at the
To cont opening in sympathy with over-
3-month Copper spot seas advices and held steady at
3-manth round the opening levels with fairly heavy turnover, particul- Lead int hair Dre. arly in December and January Zine ist half switching.
was sicady, par-
Afteraton
on
Prices of cution futures closed cularly lowards the close
short covering. Lowers were in good demond with nearby dlf- ficult to come by. Futuros: Sta. Irubber per 14. Dra.
Joh, .. No. 2 rubber par 15. Dee, .. {1}-82
today as follows:
Spot
Hee.
Mar
May
July
Oct.
Dec.
MBT.
May
23, no.
34,20
24.76
34.00
20.15
31.43
331.77
1
No, a
་
31
21.41
31.23
Spot rutber unbated
NEW ORLEANS
No. 4
Blanket grep
Prices of colton futures closed No. 1 pain crepe
today on follows:
Spot
Dec.
Mar.
MAY
July
Mar
May
LONDON
129-8211;
Mar.
na
A
run.
Higher Market In
London
London, Dec. 10. higher stock market greeted the opening of the new account today,
with selected Industrials
the star performers.
Unilever highlighted indus-
trials with the Dutch end the
- Grea.
01
news. Wilkins-
raising your
decided take you in us a partner --*-
bristead salary--I've
London & presa Ye-kic0
to
SOUTH AFRICA
TO ADOPT DECIMAL SYSTEM
Pretoria, Dec. 10. South Africa is to introduce the decimal coinage system probably early in 1961, it was officially an nounced tonight.
huge concern rising 20% and 701
Huver Seen
700
21
คม
2102
210
71
ar
U.P.I.
- SUGAR
the Brish side spurting three shillings 11⁄2
pence, following
announcement that it had sold its Interests [a two Nor- wegian_frms for £2,500,000.
SECURITIES
were
Gilt-edged sedurlules down a bit in the early hours but steadied Inter. Gold shares drifted generally lower despite sumb selective Guying.
Case Manattan tek
Elu poles, New prob
ith Mallor
Dan Sel
Am & For Power
Sleep Rock
CANADIAN
14%
GOODS FOR
MALAYA
THE FEARED SLUMP NEVER
MATERIALISED
By SYDNEY GAMPELL
London, Dec. 10,
Wall Street went up this year because it got a smart business recovery instead of the feared On such a transformation of pros- slump. pects, the extent of the recovery could be an infla- regarded as moderate rather than tionary extreme, unless it could be shown to have started from too high a level.
New York Cotton Market
re.
not
This Wits
self-evident, since the starting point (the low or last spring? reflected widespread unemployment, belief that the U.S. was over- built knd everextended for and some fears years ahend,
A
of another 1929 slump, and was only lightly above the low of October 1987 when the spul- nik news had spread conster.. nation and had given tha Americans and their market the worst shock in years,
Little Steeper
ה!
was ACM change
in
New York, Dec. 11. Colton futures turned
actionary today after dis-
In London the advance was playing a steady under.
a little
in Now sleeper than tone until mid-afternoon. | York, because the change Pressure of December quida- business expectations
companied by a tion, before the delivery
pulitical expectation, nd Increased pires tomorrow,
houso selling 121 thu However, spol
the improved political prospect March, May and July deliverles, British
buyers still not assured, and the iden found trade and other
that steel shares urn the only reserved.
ones that ought to discount to be
UX-
the
uncertainty eccma
Closing prices ruled 28 lower fr four
higher the Just another piece of market polnis
five mythology. market opened up two to
011 points. New Orleans closed
1 points.
Seling in March polated up a further rise in the certificated lock to 00.963 baics, up 550 oles from the previous posting a few days ago and a new three- year high. Traders thought the Kuala Lumpur, Dec. 10.
steady increase might indicate The Malayan Government heavy deliveries on the March
announced today that from January first, in response to A request
contract.
NEW CROP
from Canada, 23 New crop months were rela- categories of goods would tively
slow.
In
the
the event, property and television shares, and Indeed a wide range of equities, might be more vulnerable than steela.
Anyway,
size of the upswing from the worst day of last spring to the best day of reasonably month seEMA last explicablo in these terms.
In the US. and U.K. econe-
Infintionary mics,
pressure secms be woning rather than waxing
the price Attributing changes in equities and bontis to Inflationary Interpretations or misinterpretations seems to be a sur on markets which admit of more rational Interpreto-
Traders thece new incentives, Quicune of the producer far
311 controls nexi
tlon.
farm legis
week and expected congressional consideration of new lution in January.
be allowed into Malaya awaited sonie
ylus from the dollar area.
referendum The announcement said this was the first step in a policy of
liberalisation" following
The sreement
Montreal Commonwealth Trade and The Liverpool market closed Economic conference that Com-jen ve English points and 073 nuke.lih governments should to 908 American points review their dollar restrictions New York tuures. with a view to their progressive removal.
L
Raw cotton exports
bules, tored 8,497
YOUR,
under
Recovery
Inventory trendy and demand for the new cars and other con- sumer durables should suffice to keep the U.S. recovery going.
But for the time being that today is about all: some of the re- bringing covery factors have Jargely The 23 categorias cover guels
and there cotton and total for the season 1 1,107,133 spent their force Irony
of a return vs 1,800,00 aging
bales lust seems no question synthelle clothing to trucks and baddes
10 the necording
New of inflation omnlbuses.
All that York Cotton Exchange.-U.P.I.
Washington had to do to retrieve the bond market was to leave it alone. Washing- ton has done its financing by shorts, and has done the two things necessary to get them into the handa of non-banks." So they did not stay in the banks, and were not inflation- ary-China Mall Special,
Mir Tan Siew Sin. Minister of
The South African Minister Commerce and Industry, told of Finance. Dr Phen Donges, the Legislative Counclí that
the Suld necessary legislation | Malaya would not hesitate to next year ban importe from any country writ be inataeed ani! -reparations
adapted Communist change-over from the sterling | China's tactics of selling below system would begin immediate cost and prejudicing the local
market.
ly
for
the which
Dr Donges emphasised that The import of some Chinese banned be. the new sytem would bring textiles had been
Chicago Grain Market
1
Chicago, Dec. 10.
abat no change in the internal caveo "this is not to much com- [Grains edged into steady toi
or
of external value
African currency.
Southpelion
03
firm ranges at the close on the Board of
economic warfare with political undertones."
today Japanese, Indian and other The decision follows the pre-
Trade. sentation in Farilament recently textiles were still allowed
lato
of a report of a commission of the country because they came
Prices." Inquiry into the decimal coinago | in system-Reuter.
ni "reasonable Reuter,
Japanese Toys Flooding
Australia Stores
Sydney, Dec. 10.
A full investigation into Japanese toy imports into Australia is being sought by Australian manufacturers.
(move
Mainly abort
wheat
In
covering helped firm up prices, The December contract stayed firm throughout the session. Offerings were lght. Commission houses trade was mixed,
Industrial buying
led
movement in soybeans. clevator
house selling
the Some offset
general buying of March beana,
Tho trend throughout session was a higher one.
the
1974-197 174-14
Wheat No. 2, red
@pet
1992 m.
Ded. 1873)
102(£)
1937
Ator.
MAY
July
Sept.
1831-55 187-1
Corn, No. 2, yellow
Spot
122
Dec.
11314
Mar
1381-44
Fire, New
1151
Mar.
1103-
May Juzy
220
1:
1301
129%
on16-04
21816
2101%
27714
27215
the further loss of £300,000 muk- This
follows flooding of stores this Christmas in a total loss in 1959 of one Coppers were mostly better
senson with inexpensive Japu- million Australian pounds, while oil lenders were up more
Imperis of Japonese toys thin nese toys. 41-0191
New York, Dec. 10.
than a shilling in many cases,
Manufacturers have approacti- Onancial year are estimated ut AZ)-01
stocks World No. 4 sugar futures
Dollar
talled 10
Fept. Minister £1,300,000. This is four men 225-74% todley clored five points lower 10 respond to
the bigher Walled Australian Trado
lot of importa 10-RG
seven points higher with zales Rtreet long yesterday and the John McEwan in the hope that the average
Import licences will direlag each of, the four years of 1,031 contracts,
dollar premium disappeared en- Japanese
bo muspended until a full before die Auslralian-Japanese Onta Domestle No. O sugar closed tirely.UP.I.
Dec. trade agreement was sigavā. quiry, has been made, one to throw points lower with
Medan sald today that the i Mari anleg of 33 contracts,
manufacturers have established Sorhean No. 2, yellow
The rubber market, was quiet with Apot quoted at 24% pence per ib. Price:
33.00
34.10
34.78
34.00
23.01
27.01.
11.30 21.34
JAN. MAT
Jan/Mer
LIVERPOOL Cotton future elusiage, pence per lb, were as follows:
Amerloan Contract
Dean.
Mar/Apr.
He, 1, as mot
Selllment louse teni
Apetiziosa
July/Rapt.
224-2416
desineet markets, elf barle, przelmi
21.00
I state onepe shytes Jana ayaa
dilek Zán. 1
B011
Contraet No. 4 [[world) JANE 001 Mars #711 May 1.07: Juny 1.00 Fent 3073-00; tiết: 2,022 63) Mer: 3.62-63. Bpot (ceula per th for Culmi: 372.
Open Interesti 1,031 contracta
Control No 0 (Comento) Mari May; D.BTS July: 9 Hop; 0.911 Host, hizo (conti Operi skärmar sofa contradi It,F..
Exchange Rates
The
Mar
SLOTI noten (per
10.00
a primu înéte care against the Local toymakers elsken that Japanese.
Kovernment is now Turinces was done in the forsereased Japanese toy, Imporis imomictal
market this in the period of 1967-80 will oreidt fnformation on what inarning, at the fołowice ziedi,
eul Ulair business by Australian steps to take to curtall Japanese 17.8, döller (per (1)
imports which nte causing suma 1.800.000,
Further Jump
Apot
Jan.
Mar.
MAY
July
Harfoy,
Australian notne, (her
12.7
Indonesian rupiah (per 100)..
Esem Lewis (we 100)
amgapore (Straits)
They say that a further jump unemployment in the Autti- | New York flour in Imports from Japan in the lian toy empenta, no caídas current finattelal your will mban U.P.I.
bont
115-120
200 15. Fels
$12.50
Russia Could Wreck Rubber Scheme
Kuala Lumpur, Dec. 10. The President of the F.M.S. Chamber of Mines, Mr H. B. Humey said today that Russin could wrock any Malayan scheme to stabilise rubber prices sa casily as she had wreck- ad other schemes.
Mr member
nominated Hussey, a
of the Legislative Council, was speaking during
the debate on the estimates.
Ho said that America heki 1,200,000 tons of rubber
and
Great Britain between 200,000 End 300,000 tons,
CO-OPÉRATION
The co-operation of these two countries was necessary it any stabilisation scheme WILS Va Work
He added: "There in long ma- kuown faclor. How much bub- ber has Ausland Commuhit China got?
"Nobody knows. They have [been buying henvlly for 'n tong
time."
Mr Hunney warand that t Islani14. Cosíminist. Chirie gould josully start dumping rubber on the world markets, as Húsalo bởi do will injur
No comments yet.
Private notes are available after approval.