TRANSPORTATION
Little Change In Tanker Freights Mos
FOST of tho limited
VI activity in the tanker market was again in the
American coast-wise trade.
The nereal demand for tisport from the Caribbeant US N. is at bought to
1 lulu American itaen com
Ships To Get Oil
Mist Detector
N order has boon placed with the Gravinor Manufacturing Company to fit a Gruvinor/B.S.R.A. он Mist Detector to the six diesal cylinder propulsion engine of the 6,500 ton d.w. cargo motorship Sugor Re-
pandera stockings as an waffiner recently launched by
again posibles 71-1- Board
Holl, Russell and Co. Ltd, Voted States Goverument 11-
Silvertown Aberdeen, for remand demtud, Services Shipping Ltd, however, rates from Calabbeau don.
port regulations.
Despite that
NNH
have pernatural mi 1':;h; ྃ' high
mainitus FT 1. Berit The volume of ion- mage irvailable for charter in Du usea, together with exceptionally quiet cotalitions + bewhra -, vista- peland owner's le areepy existing
WEAKENED
Persian Gant at a very love We red tis Found Sealy
Leut
Business in the Tatort win @gath Jex anch FOON 5 Uurid
524 Novades la Buitary on Eurupe monlased edtempoh ved fotkers. ar vecumulating in the Peestion Calf and are avanturbly for land-
117 M
111
A
זין
Lon-
THE CHINA MAIL, TUESDAY, DECEMBER 16, 1958.
BRITAIN IN RECESSION
Presents Two Widely Different Pictures
From RONALD BOXALL
London, Dec. 15. Britain in recession prosents two widely different pictures--one of a nation growing rich by selling its goods and services to other countries; the other of a nation that is not working as long or as hard as it should be and would like to be.
...
away
HONGKONG AMERICAN MOTORS
STOCK EXCHANGE
Our Own Correspondent
Busines: done on the Hong- kong Stock Exchange this
morning amounted to $510,000 Neng qititions mad the more
en franctions were
hayere Netlets
Narr GOVT LOANS
HANKH
HK Honk
the difference because Ak
by sunning down
East Asia mana paraan av motievalile. The then crače Goniss 13127 even INSURANCES
11413 Best Trae amouneed that an altmanist a se in e drenand Gitviner BSRA
ht products
mustry
Laxabard Detector, a photo-electricxperts in November were al &
vely satisfactory level of £ 291 kem rally the capital goods, Armis SHIPPING Jombate device to give waite muda kpots were lower at
1 lakety in berfit straight / Waterbon or of dangers leading lo died
Wheelock and allowing for 13 lyst
DOCKS Te aankome explacentia,
LA re-exports,
For much of the machinery K. Whart were given formal approval ny
wad "p"
nilest that was ordered during 1054-55 We ther Mistry of Transport and
fer ate the 12 years. excerpt
le standing ek David Aviation in May this year.
fer two months wien trade was
cpacity" after succesfully completing ex
astered by thứ tch virkes fermave sat vice trials at sea
This evidence ไม่ toyant xperts at the time of a shrunk- ing world knarkets coupled wilżaj cor inating growth of got me dollar reserver makes it certain that Bear will have another enchendoni Balance of parsinents surlar
Mindatry approval curries with it pomisaon for the seller deng area to be rednerd from
in pet ru. ft. of gross cracke vokime to
to foll mest ander time he cased, and Mini ay Ever krig Isses resulted in a
er ut orders being placed 17: Th Gravler Manufacturing
1 in Decembes in the lasence Compatry The val mist detecte
den, REGuter
0:
Photo M Alunteers the sample of toy-
וך' י,
your
Amongst the t zuen are ther for Dalhe no freevista noge van only have a depressing for Mungo farmab, atk en e Pavar
1 F) Tackson & Co 4916-74]
^
fow
alter
ARTISTS
were reported during the week, Idnes Ltd.
1e mast interesting being for a
#ded whore Norweg f
1
Ch. Take
1
cettarlet F
Jury, 1959.
4321
WWW.
Jor
BIN! (v
S
ree years £4.5m Improvement
Ben, delivery.
Rotterdam May Replace New York
TOTTERDAM might
R
123
Current
Industrial
half-
inventiment bec ille and this "sure will have to be brought full operation before further orders are placed for machinery,
The umlerły og cause of the recessions ba that industry is able to rele seater volume of goods thon
aura!
Humphreys Heafy BURBER
3
Al
*
PROMINENT IN NY
1
New York, Dec. 15.
American Motors, turning out its Rambler cars at a.re
cord pace, led the stock market in volume and in gain in an irregularly higher price level in the first session
of the week.
American Motors led in Goodkit TBF) Cu
turnover after opening on
71
เบ
241
199
Co.
415
400
Cinsdyrat Tyre GAMAA Aircraft The Jasuelt ON high at $3936 | Heyden Newport Cory Record produc-
Hainesake Mini company helped
16,000-store block. reached a new up 34 points. 431n for the
BOU
in buyers.
Great Almutic & Pazite new stock made He debut on the Nuw York Stock Exchange
6.7 was again
fat on Machines
Inti fiseventos
International Nickel
International Poper
American Stock
94is change. The Issue was split
proferred was called.
new stuck with voting rights was ilsted today.
Luckteed Aircraft Loews Incorp Le Star Cament Co
swerstein & Sens McDermott J Bay McDonnell Altgrafy
Stock Exge.... Mesabit Iron Corp Minnesota Mining
Radiu Corpurillon Radia Corp. Prai Republic Steel..
Reynolds Metal
Senn Huckuck & Ch
Shell Oil C
Sant Reg Paper
Suneiner On
434 Boy Mabit C
12.05%
4311
Seine Alema
South Puerto Rico Bugan
Southern Co. (Thai
Southern National Goa
Southern Railway (Com 1
Standard Bronte
Standard Oil of Cal
Standard On of Ind
Standard On of NJ
Nic Rock Toronto Exge.1.
Sterling Drug Cn.
Stokely-Van Campa
Studebaker-Puckend Corp
Sunshine Mining
Sw & C
Texas Co.
Tide Water Assn. Ol
Tri-Cont. Warrants
Twentieth Century Fox Fil
Union Carbide
in OK of Cal
Union Pacino Railway
Bales
33
1000 T
500
100
JUFU
BUO
200
70
Inci Tei. & To:
Jeton-Manville Co
10
Un
1410
71
* 50
70.54
ja block of 16,000 shares involv
ing a total dollar amount 885,000.
Kauser Industry
1396
Kangwa C. Power & Light
10
of
Kennecol (Upper
27
touched
$39 which
Ligeti Mayor
Tob, Cu
919
87
D40
0.75
1:20 Th
04
蜘
200
9415
100
ひ
the indicated close on the
of 54% points over on Friday
20
Ex-
14
52
200
(ANS
44
42
12
198
Textron sp
Low other Zenith Radin
Mission Development Monsanto Chiemiter) Co
20
30
Time Ino......
Muntgomery Ward
41
Motorola Ine.
46
Notional Visent Ce Nalonat Carh Nationin: Dairy Pict National Lend National Steel Corp
Beg "A
79
47
1147
United Airerati
171
United Frul
New York Central
201
United Ons Corp.
1
Norfolk & Western
ty
AT
ts. Foil ""
the old
North Amer Aviatori
40 US. Cypru
Nordwest Airlines (Com
242%
175
Line Co
Olin Mathieson Quis Elevator
V.9.
Rubber
0
US
Smelling
Owen-lunos Gla
83
U.N.
Steel
ה ?
21,40
30%
2015
قرار داد
3015
Inlo
Provskent
[CH
LAND ER K Rolet UK Land
21.00
Do
30
1000
600
SUD cod
2017
16.30 15 00 1573
1.40
1701
200
2:30
205
2010 2014 1000 in
26.40
200
TM
121
43
KON Is to the reason
V Light
18.30 14.00
21113 114
10.40
1510
30
More specifically, the industry's Analg. capacity to prolaze is increasing [bet VIINIL consumption
I A Tawh
Humgala Get there has been no sigqificant | iTICITOES
Tran category FAJT
Stat Percy Yauriti
rise In any
of expenditure since the begia - nitig f 1958
Whatever I be origanal slackening
110 1 home 1 Kroustrial More bi deepening
536.600 people are cut of work
The longer the recession at 20-Nevensber The tale of
heult unexapk.yument on the more
CARTANA slackeord durme the Previous t take roth but figures do
.-I The wanderabile Krowth of consumption, once the Electre 24tural number of people who have lost process of the recession is under way 1 begs to feed en self. Fusa verkare working is stop- I then short-time working begins and trially mom a labd
(be reuson or
those his lamiel tow another Bol regiered at hear
For Belfast Harbour leur exchange
Hair the people who were mut of work at mid-November had. The results that more and more wire peuple have less and less 53,xy to spend
The
200-ton cantilever crane į been
-the Jargest shore- based crane of its type in the United Kingdom-is now being installed at re-fast Harbour, as part of the
place New York as the harbour world's number one harbour scheme. in the "not too distant future," the chairman of the Commerct, Mr K. P. Vander Mandele, stated here.
He and the volume of goods Yended at Rotterdam Inerse
1 year 174 milion
busu matica Tem the vol
Turk
pernend baggest cok Nex
Erstis
47.402
Vora My Vander Man and trust
& part of the Trepht
caling a New Yoth wa
to hewleines for A Man
tt Saw a new wala ma
1
!
Num-
Gremployedi for
weeke thun right were terugrarily inid r Ett who He Ozemployed velt 1. 10.000 during the Bel. vous en zith on the
per of tarberantly stopped gent up by 32.000, improvement The e gurass
heman24.12. Futurally
کوں
Industriva
nel for a power
w
www.d
til thaps have
Tetrapo
144417
year ago and the jor wer to tak apana
AII" all working zoreve. Le
Slackened
The stage reached t The
2410
prement is that the annual rate of growth in wages and salaries has slackoned partly because 12.029 werkers
drawing pralker wage pacitels or none at alt and partly becaK KESAS tranke their have maderated wage clains to suit the situation and this tas caused the growth of casumption to slow down
Sumith
Kuwig he problem 15) CRSY Suggest a remedy,
But remedies are more easily sug- Rested than carried out.
10-for-1 and all
The
There were
וגי?
10.30 10.00 100 g 10.30
10.00 300 EA 24.11 Tal 24.06
strong features
now U
louched
high at 107 where it was up 14 points. This stock which has risen 129%
points from the year's low was split two-for- ane early in the
** current price equivalent to $394 for stock which closed 1837 at $120. New York Stock Exchange bond volume was 56,800,000.
American Stock Exchange voltine was 1,520,000 shares,
New York Stock Exchange volume was 3,340,000 shares.
Or a total 1.227 issues traded, 191 were higher, 490 lower.
Dow Jones
word:
„Jed SIMULAMİNİK
20 rails
closing
Oxfenti Paper Co. Jie God & Elec, Pan American. Altways
Paramount Pictures
Penn Salt Co.
Procter & Gamble Co Publieker Industries
Ваша роб
40 broods Colum
24 HU
16
Macao M
13
Telephone
4.40 24.00
1000 N
242
500 x
241
10 G
190
100 gr 7.47
450 €1 7.55
INDUSTRIALS
C'ement
20 20 20
1000
1000 v
20.20
in vtities
20.20
tocks
100 g 26.10
100
20.10
STORES. STY Dairy Walang LAND, Crow. COPTONS
19.40 28.20
500
16.20
1 13.30
200 1430)
4,70
120
403
H. X. & FE
invest
0,30
Molkwang
INVESTMENTS
Int Env Ailled
Widespread
Buying
In London
futute price index
wverugry
Closing Prices
Alden inte. Acy Allied Chemicals
Allied MIBA To
Abis Endast
A Brake Shave
AMET N Airline
American Cable & Radi Corp
American Cenamid Co
Amor. & Fargo. Power
Am. Che lectric
Am lone Prod Am. Mach. & Pary Amticam Metal Anyericas Smelting Am Sugar lief American Tel & Tel Americat, Tob. "B Anaconda Copper Arts. Steel Armour
It will facilitate the banding paders than a mother aspect of
ictory engasparent mana
the recess D she fact that not Counts only factured in the Larne
FL. 1 artures Jue Associated Antrim factory
standing le Bui Crousts Limited
tend to treat the latter problem lirical This concern, which is expected
as the the rp 102 1.65 of the twe to panvide imploy must for more
The Industrial output is w th. 3.000 workers of Leuk pros
three her th ca. 1900. 15 at present Bandhing
Facts 2004 N In anl
So far the inset notable action [ 1' ភរ invinding bras y
has been orders to stimulate demand
the endak of the credit squeeze particularly as it applied Lu ale laveries
the month for expeple look I' The lamure purchase. in sea scooled the unt singles the removal of restrictions.
hiru purchase cales of 103 Gamers by dier cent
Cheusly there is laruit toute cars almost doubled and that sales of the a ti of erodeymen that there is evidence firms pro chering
prosther gooils often bought on HP
Falso responded sharply casar credit conditions
But there is one drawback to this particular comedy for stuck dumund At first, sales are atti undated 18109 advanced CT. Financial Corp bound to merease as people takej
11 Lagat The enty D
200-ton state *
bew deep water
be for
be opened next ver
Then, Retterhuns
Darklog wharf This and other improve.
Cost will
will be considerably decreased.ments he san
China Mall Spend
1: 4,500,000.
COMMODITY
about
FOREIGN EXCHANGE
sales very
Perforations.
Lowen 2624 04 Arterias e Foot Weze sărad! buyers.
No. 1 abbe
NEW YORK
Kam rutes were;
Carac
kog kaki keraj
30-day
-~
South Arden
Other changed
LONDON
Closing rates were:
New York
Montsof
Amsterdam
Brussels
Copenhagen
Paris
Stockholm
Zurles
10-13/16
23-0/115
239-14/
200-17/32
19.30
2075
2 -2.6
270-2.70
10.507-1027%
50-1
1,10-ZD
Frankfurt and others
eltansted.-U.P.I
1170-11
12.13-12 201
14 4814-2468):1,
RUBBER
NI
No 1
זוין
tel with
interest
thibur
WAS whitle
pera dla katt
Jakt 12-12232
7!*-
2
wa, Zik
A
X-14
M
Wils
Bett utbaked
Blanket Lepe
The pale crepe
AMSTERDAM
The muller mana ket
„Touches Today. All prices (IP
| Jattuary 1959, closed in guilders
kifingrarn, as follows:
No
rubber
No Z rubber
No 3 coldbart
N: I crepe
Bayan M. bene
141
PRICES
ton at 14 designated spot mar- kele were 34,37 cents.
Totri «plea al thanker were 40,729 bales.-U.PL
to new
Abar Con Mining Baletwin-Lita-Main Haltimore & Ollo Benefcial Finance Bendix Aviation Corp Benguet Cons.
063.00
154.12
18.04
100.14
140 42
12015
Fenny J. C, Co.
Philip Morse
P&O
22
109%%%
US Steel PC. PE
Water Iron,
Westinghouse Air Bruke Westinghouse Electri Western Union Tel. Co. West Va. Pulp & Paper Woulworth
COMPANIES
PASSENGER/FREIGHT SERVICE
PENINSULAR & ORIENTAL S.N. CO.
Leave UK.
Entlad 2/1
"COROMANDEL"Bailed 29/11
Outwards "PERDM"
Being Airplane Burden (The Co.
"SURAT "CANTON" "CHUSANO** "SOMALI"
"COBFU**
Burroughs Add Machine
30
Campbell Soup Co.
475
30
203:
London, Dec. 15. Prices on the stock market
closed Jirm today with Bethlehem Steel buying fairly widespread. Industrial stocks made the best showing and gains were well distributed in the group.
Gilt-adged securities not good demand from small investors
snortly.
Oreck bonds were higher in
the opportunity to buy goods The one exception to the that they could not afford beture, general Are, tone was the oll But every hire purchase sale) list which drifted lower. mones that there will be less Gold stocks were selectively money available for current ex-¦ higher. Rubber stocks were rkets penditure later on. A man who' quietly firm
has viited himself to pay say a week for two years hire purchase contract obs ously has £5 week less to spend
other things. So Though easter credit terms might Pause a maiden rush for major consumer goods they have can- paratively ilitie demand in general.
NEW YORK Prices of metal futures elosed teslay in cells per 14. I follows:
Lead
Dec
Jpn
Zine
Dec
232 na
Jan
230 ton
Tupper Dre.
128 Nov 2.52 nom U.P.I.
Jon.
TIA
Dve
JAII
LONDON
COTTON
NEW YORK
J'rives of Collon
Rox
NEW YORK rubber Tastear
Juxtay closed 10 lo 30 points
higher with sales of 31 contracts, Clos- ing prices:
closed today na follows;
Spot: 12.0: Mar: 34.10; May:3414; July 23: Oct: 9132: Dec: 31.17: Mar: 01.30: May: 31.29.
LIVERPOOL.
Collon future closings,
pence per lb. were as follows
Mor
Mary
July
Sept.
Juv
Jan.
2003
2014
.20
20.14
29.JD
20,00
20,90
LONDON
market
Wis
The rubber
quielly steady with spot quoted | at 24-1/16 pence per b. Prices:
2 No. 1 18 sal verstan ... 21+21!!
Bettlement house term:
Jarn.
Feb.
Jan./Mar.
APN/June
21-241
ky/Hept.
Oct/pre
Deer
Jan.
Cetate creper
Th, Je
F1 b
11 83b
10 14:
171
27 TAI
27839
Na po
on
on
office!
Consumption
There are two other ways of mreasing consumption and (either or both of them may have
to be taken before dimand Se- gins to show definite
aigns of progress.
estonia s upward Purebase tax or main items of consumption is at a level designed to discourage demand for then, Reduction in tax Buyers Seller would be the logical follow-up
I'vices of metals closed today in sterling per long ton as fol- luwa;
7t 1991
75%
2170 212
of credit cnsing.
Secondly na the Lendon and Cambridge
Bulletin Economic 2105 210 recently pointed out the present level of Government saving has become inappropriato with the disappearance of excess demand which 11 was designed to
combat."
Spot
futures
Tla J-bath Copper Бро A-hunth
end ist half
Dec.
7124
Mar.
714%
Ziyo ist half
NEW ORLEANS
Dec.
7422
74
Prices
of cotton futures closed worlay as follows:
Mar.
714% 77
-U.P.1.
Bpst: 35.79 Mar: 34.20; May: 34.11: July: 3224; Oct: 31.30: Dec 3122: May: 31 32.
31.10;
In
SUCAR
American Contract
Dec/Jan.
22.00
Mar/Apr
2240
May/June
27.30
New York, Dec. 15.
bo
July/AKA
21.20
Oct/Now.
20,00
World No. 4 minar futures today closed unchanged
Dec/Jnn.
20.60
Mixed Contract
Dec/Jan
23.00
of 352 contracts.
Mer/Apth
May/Jo
21.06
July/Aut.
21.10
point lower
Oct/Nov.
20.30
Dec/Janu
20.30
contracts,
SAO PAULO
Closing futures prices in cruzeiros per kilogram, were as not follows:
Georal inimkets, eit besin, portni
Thick, Dee.
previous
HINGAPORE
After
March May July October December
.70.00
60.50
07.0
STRO
$7.00
the market "average price of one-inch cot-
In the United States, the
opening
around
lavals the
an otherwise quiet foreign bond makes.-U.P.I.
Exchange Rates
Canadian Pacts R. Case. I.J Co Cal Tractor Celanese Corp
Chose Munhal, Basik Chrysler Motors.. Cluett Peabody Colgate-Palmolive Co Commercial Credi Commonwealth Elec Consolidated Ellyn Contineata! Dll of Del Crown Eelterbach Cuban Amer. Sugar Diamond Alkais Diamond Match Co Douglas Atreraft Dow Cirmicals Dupont de Nepovra Eastern Alruna
Kodak Fartman
El Paso National Lin Family Finance Carp Firestone Tyre Rubber
First Nat. City Benk Paru Motor...... Generat Dynamics General Electric 0.70 General Foods 15.09 General Motera
Business wan
done in the local Kuometal exchange Inarket
thin oming at the following raten: Un dollar per $1 Sterling note per 21). Australian noten per 1 Indanicilan rupinti per 100 Sun tents (per 100) Singapore (Stroller
Bomewards "CARTHAGE" *"SOUDAN”
"CANTON" +CHUSAN"
"CORFU”
Salles 0/13
12th December
Bird Depetriber
Oth January Oth Juntary
Due Bezkong
to Port
12th
TRIUATY
10th January
11 January
19th JanueTY 11th February
9th February
Loaves Hongkong the London
15th December 18th January
ith January
19th February February
14h JemmYW
3rd February
11th FebruKUT
14th
sih March
10th March
Via S'pore, Pening, Colombo, Bombay, Aden à Pt, Usia.
* "SOUDAN" extends to Eamburg, Rotterdam & Antwerp, sad omilla Colombo & Bombar
↑ "CHURAN" also calle as Naples, Marseilles & dibraltar,
•
BRITISH INDIA S.N. CO., LTD,
"SANGOLA"
due 17h Dec. from Japon salis 18th Dec. for Calcutta, Rangoon,
Penang & Singapore
"PACILUMBA" due 20th Dec
due 20th Dec.
(rom Japan
for Singapore. Penang. Rangoon,
&
Chittagong
Calcutta
P. & Q./B. I. JOINT SERVICE
12.70 Gen. Pub. V.
6.00 Gen. Tyre & Rubber 20.77 Oelty Ou
1.02 Gidden Co
44
"OBRA"
"OLINDA"
R.M.S. "CARTHAGE"
SAILS:
were
Since these words writers, the Government has announced plans to step up cer- tain capital investment pro- grammes and provision for these will no doubt reduen the Budget surplus without further aelics.
A more effective way of stimulating consumption would reduce incomp fax, Government does not have to
to
to make up Ha mind, on this until
seven points higher with sales nit Aprit when the budget is
NOTICE TO PASSENGERS
BAGGAGE
Thursday, 18th December, at 12.00 NOON for the UNITED KINGDOM vis Singapore, Penang, Bombay, Aden & Port Said.
*
due 10th Dee.
from Tombay 17th Dec. for Japan
tue 2nd Dec. Male 4th Dec.
"UMARIA"
dur
3rd Jan. all 3 Jan.
"OZARDA" due 18th Jan. *111* 10th Jan.
trom Japan for Singapore. Penang. Mudras, Corbin. Bon. bay. Bhavnagar Pore- bunder Kandla & Kara- chi
from Japan for Singapore.
Dubai, Uneroh, Khorramani " de Karachi
from Karachi, Bombay
Cochin
EASTERN & AUSTRALIAN S.S. CO., LTD.
Colombo,
*
"ARAFURA"
Passengers are requested to send ALL BAGGAGE to the Hongkong & Kowloon Wharf Co.'s Godown No.. 2 GATE, CANTON ROAD ENTRANCE,
*
In Port
from Aunleatla satis jau) Dcg, for Simps
"EASTERN" – tokita 22nd pos.
**
by Noon on Wednesday, 17th Decom- ber, 1958.
dun. In the meantime it is going SPECIAL NOTE: With the exception of hand packages
Domontie No. 8 uger futures deliberately slow in its measures closed two points higher to one to beat the recession-leat
with Anjun of 17 overstimulates demand
Contract No. 4 (world)
Jan 2.00: Mor: 3.03;
squandera gring exterunt sphere--Landen
July: 341; Set: 300; Ox Tra; DC Service.
MAY! 31:
Mar 30 Spot-teenta par Ib. ( Cuba): 3.03.
Open Interend: 8,843 contracts.
Contract No. 6 (domenlio) March: 0.50: May: 5.00; July: 101;] Hept: 600; Nov: 0.00: Boot-ternlá) perib. if NY ex-duty): D.gn.
Opel interest; 1,033 contracts.
V.P.I.
1
urd
12!
EX-
Agreed Merchant
Rates
Swiss Francs Maximum Sell- ing 70,
carried by passengers themselves. ALL BAGGAGE must paon through the Wharf Company's Godown for loading on board by ship's slings only
| EMBARKATION; Prasongers should embark hotweed 9.30 and 11.00 a.m. on 18th Decom- bor, 1988.
Subject to alteration, with or without notice.
**
alls 2rd Doc, for Latruns, Sandakan,
irene, Aydany, Mal bourne & Kelalde
All venarla havo Uberty to culi at any porie on
ur off the foule & the route & sailings are subject: to change or standment with or without notice.
For full particulars apply to i
MACKINNON, MACKENZIE & CO. OF HONG KONG LID. Telephone Nos: 27721-4.
€ ⠀ ⠀ © ©     œ »    £ £ − á á Á œ č   ņ ó Â Â Ë Á ↓ ¤
-U.PL
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