TRANSPORTATION
Proofed Nylon For Barge Covers
FOR
Limited Recovery On Freight Market
recovery
0
shipping freight markot has staged
and the October figure for the Bri- tish Chamber of Shipping'1 freight index is the highest for the your
TTOR 15 months à 160-ton Thames borgo has been using nylon Cover. Al- certain though they weigh about half as much as convention- al covers, making handling much easier they are tough and never require reproofing.
As the
Lates
The index for all items tw |stetuds at 78.4 eiropared with a Even after 15 moutas net vier | låvel of 62 7 irat April
11 level they are pull in excellent condi
1 commodities liv Hon, say Belfish Nylon Spinners | lo
vessels du make state operating Lak
suffer l prod, though out profit us provide fully for se preciation,
115 ex
qouted nylon
le weigha i no8|| yd, r #hatt, square cover elit,
22:00
14
H
The futury of ten m itief as a number of f
There is the gears d vel af work at 11ade by b vo
T Current
939 world borde between? Instal ruunfire
beuld be atsitig gut, last fleet
It reessy, be handled by
triots The fabric meabile giving perfect protection to the gods underneath, um! the
LAM Martin Lighter Co we have had the covers on trial Report that there has been d Fella Bona entadors alien even when caniyang cages, such as
3 har
38:
Tis lon
t" v
tur trish or wheda large ang namuky degetals Far more
Freight partyRINOS angostan for
Ne bulk cargoe
'קלן
Til
1
ther
10
1 reason los
Sharp improvement ate cu bulk comma- Take cou may not improve
4 will subentally on mark+ Clearly legible Moonhout ( 1.f the vovern.
* kafayami ter- and gent and Teet -
The proofed treat of coat could even dined
Pse never been
and de sali wab.
1 APE
attached by birth
with the
115
running out of cut-
Forecasting To Keep shoes will be
Pace With Jet Age
Washington, Dec. 22. THE Weather Bureau an- nounced plans today to expand its forecasting sor-
vico next
month for avia-
IS
IMPORTANT FACTOR
Aneth important factor The level of freidat Takay th brought 1 it into service Since the ruside of this your the volu nt dipping, British and forga mwedd, laid up in British ports (hes been pretty stalde at arisited Fulton bons Present freight sales, even after then peros, ay
TEND Empting
14
Tat * THE OWTHET ting their slupa binte employment
werp de Plise somewhat
tion to keep pace with the re-employment of jet age.
Boran
141
1 ast wil we Predato
taj In 13.3KM) jeet, yere
daflug 9a present THORC of 20+0000
บ.
W!!!
Dew c
Clamp vers la maligh19 Breurs
Inalty that part.
A atty rise in prices, By surplus lent is ken up or broken up
DA TORPARTS
These aluje, are not yet b
Owner of wartime 48
SHO 44
13- Teen for ch
of wind dalek TUOJO
Por charts surebally tailored for is than 120 000 as mainst very high altitude ily:41.
top valtio of abunit £70,000 THE SURPLUS
JETLINERS
Most of these ships, except
Je aleliners, already in se for 234 bought second-land
be a 11. PS. Foglar
2 35,9km
The w watai
IL
And
It's between
"།
Ef Suz during
boom: #1
been feights, trave Bong ago
There is al- all de para mated
a chance that they will Serope along un
C-911- Catego center ways
TH
יון ז '
ך נין
foxpected
Not A1
weather con
Coute www
Acet
Own and the Mothern Hends
above poetion of th oral 1st the 1
Brazil
Atlant
דיו עזְ
1116
at
1ra
cite nuses the can do so tortay
Enfortunately, it keeps them
long the marke
THE CHINA. MAIL, TUESDAY, DECEMBER 23, 1958.
UK VS COMMON MARKET
Big Guns Are
Moved
HONGKONG
Up To STOCK
Forward
Area EXCHANGE
From RONALD BOXALL
Our Own Correspondent
kong
Business done on the Hook- Stock Exchange this morning amounted to approxi- mately $144,000. Noon. quota-
London, Dec. 22. few days of 1958 left-ons and the morning's transac There are just a
few days for Britain to enjoy equal tons were: trading
with her opportunities partners in Western Europe.
countries
Maritet
Akoak the x at the CAVATION Et haes Este
ANNO tracking
产
advantages
received favourably by five of
countries. will the Cominon Market
tight Th 15
exception was France and
offering the live prefer to go along with each her rather than risk a split In their carefully nurtured associa- Liet
Britain will be other's exporta,
the allele lookinst mr.
זיי
These patie potestations that "duke ture are talks there las Brisa estad well-
Bus 1 von andered of reach-gard ouvainen; an a Fice Trade Arda For The Asgiri urte el a 4th the m15- ane Markel
BbArts
BANKS
12 Bank.
INSURANCES
Union
..
Lomizeri
SHIPPING
..
Впуста вецета
Balea
700 106
7114
24
70
Walerboat 21.30 Wheolock
3.00
DOCKS, ETC. Book.... 4!
The French attitude Se all this is vital-and it is fundo- mentally different from with neguhabonis. ure taken by Britain. Britain's con-
rivate that all hope
cern has all along been to safe- her own export irnde. Tuks is perfectly legitimate. bulj insistence ogi i aranses
nent of Frenchmen who have bewn persuaded to Arag the
al Bruno Market
for
any. TaxAT eronomie pdvantage buit ap a part of a grand politien! strategy.
Deadlock
گردم
Ty
resent-
44
#
א2
STOCKS DECLINE ON WALL STREET
New York, Dec. 22.
Stocks declined today after rising to a record high last
week on the strength of American Telephone's
split.
Allled_Mills Inc. Alls Chabuerg American Airline mid-American cyamid
The Ust Ided to recover after a slendy decline from shortly after the opening unill session, but new sulling came in ncar thu close
prices generally refrentexi.
atad
Oil Ales bufferod rather
of Beavily on Venezuela's move to raise its take on oil company Electronics were hard
2
40
2949
proms
hi as a roup.
turned down
Goodrich,
Steel issues
more
Tyres, except
decline.
ta
גן
Airlines
strik newz,
lost fractions 10
than polo!. Motors ensed with Chrysler resisting
Am. Gas & Electric Am Hung Prod. American Metal Agostean Selity Astotions Tel & Tel Aneriem Tob. "B" Anaconda Copper Arnau Steel Amour
Atlas Cons Mining Bitirare & Ohio Reneicial Finance
Donauel Curia.
Bethlehem Steel Burroughs Add Machine Calif. Porking Corp. Campbell NEOD CH. Coden Pal
prisure While rose more | 2 Pitangfal Corp
45 than a point in the trucks.
Coca-Cola
Corsales Motors
M
201
221
12016
Kapas C. Power & Lig
Kennel Copper.. Ligeti Meyer Tyli. Cu jasekheed Alterati Loews Incorp. Lo Stur Cesent Co. Medenell Ray McDonell Auroratt
Stock Expe.J Minnesota Mat
Minion Developluent Monsanto Cheistent Du.
211 Montgomery Ward
Nallonal Cash Heg. National Lead
National Bleet Corp. New York
Norfolk & WRY.
409 North Amer. AviationE
Nor elevators
Dul
stock
Lam
Airlines Con
Pacific Con & Elec.
Pan American Airways Paramount Pictures
60% Pittsburgh Pinta cil
Radio Corporation Repable Steel
Keynolds Metal Sears, Roebuck Co.
Bootable છા
Coca-cola, listed as the stock
&
tolgate-alinalivo Co. tulumbian Carbon Ca arizonwealth Eleg C'ensolicited Edison
allinenú | Oil of Del Prawn Zetterbach
404
01
| Sinclair 011
20
Diamond Match Ch.
32
Douglas Altaraft
pak
2049
143
points,
of the month by Statferd Poors, rese more than four Several other specials strong. American hip- 170 were
Three points. building gained
And
Bu Pol, Union Carbide, Stouffer were Brin spots in the
Pupil de Nemours
Enalman Kudak
National Gos
Iirestone Tyre & Rubber
First Natty Bank
Ford Motor
that Provident,
100 pl
1.90 12.20
LAND, ETC, JUK Hotel Land
21,40 21.0 2090
30 3914
100 12
21
305.20
Reitity
1.40 1
CAMER
Amalk Tesent
TE 130 3000
1.1
Bungal
2115
UTILITIES
Tran
2020 20241
Star Ferry Youuati
100
Va
IKI
tel
၊
16 16 30
Electric
.. 24.70 2480
500 19 24.70
H
0x 24.00
300
7.62
{CITY LIGHTS)
STORES, ETC. Dary
10.10 10.30
Watson
Lane Craw. 1300
12.80 13.20 14.20
wong5 It CUTTONS
143
2.43
0.50
INVESTMENTS
int. Jay.. 3.21
stava E. 0.13
The sternal tails filled to
werk. oak the deadlock last Pravare rested the Jazakali pasa peal that the 17 canine
Economically, Prance has real Uking for JONEC should exchange tll cons | agver had any
cussions apgreed on by the sixth Common Market Iden. Her I'm Market countries. industrialists would far father Telephone Britain's gelerseni There
continue to enjoy their present weet | star* poke of possible reprisals
again! protection the French resentative chose
farelin Imports than opta their ka interpret his remarks na
domestle market to competition of foreign industries that are in 57JY cases more eBelent than their own.
threal The reeling dissolved
2005 17 JAN
Char
ot
Pecsap has been postponeri the utila January 15, 1Wo
the wiek
Common Market is due to stat Tusheet
the Huabor Is Thi xx
Cometnost
PINED
f
Of
Sacrifice
But Prance is prepared to make a "serifler" in order to polival Dim.
hieve
ke enpatries Having been invaded wire in) Exey, Raty, Bel- the tying memory by German Holland at Luxembourg
rles, Prruchrin are natural- Cannes d to me ture thete
Savour In th
of anything 1 10 ja kant one
that night prevent a 19tillon turk between Tennielvay and
sasters of Buse
And means to extend this chession in un-
they have chosen ta to integrate peals from all the sens of
Fat Gemmimy so close- GAT They will also intrase
bota politienily and by ten per cent their quotas of
economically that another war In 1 From each other, This
between them would be virtual- concession will be extenthed s
¡y pessible. the remaining countries,
D OBEC
Concession
France feels she has made enough sacrifice in this prutse- worthy cause and that now it is the turn of other countries
But the third concession will to thoulder their shure of bur-
be routinend to the ix Common den. Britain's "commercial" at- Markel countries alone. provides
of its own2
that
country whose but
Frenchnen to complete ords with the
Com- mon Market, and they regard train's attempts to appetul a Free Trade Aren lo 11 tu typleut plece of self-seeking by
amation of shopkeepers.
Thi Import quel f the particular | unmeriving arms of the arty cutely also makes its a less than three per rent production at those kely that the proposed inter
na trae, union boycott of good will forthwith raise dome of convenience
Shipping queda to that level.
will have ny violent effect on freight rates
the
Bruin's offer tu tuleh iconression appears to have been
this
COMMODITY PRICES
LONDON
LONDON
The rubber neerket warm.
er with upil qualest
penge per 1 Prers:
No. 1 Ras spot
2434-25 24-247%
24 M
2416-293%
| Selfiesment horpe forn
Jon:
244-244
Fut
24-24T
Mur
Jun /Mor
: 03-21/22
Del/Dec.
0072
Jan/Feb
Este crepe un
Jan,
April/June
July/Sept
General markets gif hosts, porta
FOREIGN EXCHANGE
NEW YORK
Closing rates wen;
Canada
Other unchanged,
Closing rates were:
New York Monumal
Amsterdam Bruin Copenhagen Frankfurt
Furin
Stockhuba
Vienna
Zurich
2,15915-2.00-D/JU 2.70-7/10-2.76-0/16
10.0876-103831
130.35-130.46
11.7034-11.2015 1170-117034 24.43-14.4734 72.41-72.40 12.1814-12.1815
Odiem unetinopal-UP.L
RUBBER
Estate er state's
Jan.
METALS
NEW YORK
Prives of metals closed today In cents per ib. ns follows:
rad,
December
January
2015-201
2316-202. 25-26
24-2434
Zinc
25
21
Tin
Dec
December Jarsory Copper
December January
Textiles
Nanya
x
LONDON
CLOSES
FIRM
London, Dec. 22. The stock market closed
generally firm today,
many
The sharp break in prices of oli stocks was Uti the that Venezuela plans to take u
bitc from bigger tax forela o profita.
news
ixsues,
understand they are celebrating a meruei-
London Exprent Servizo
chemicals. Polaroid lost more then three in the cameras.
Of the 1,258 issues traded, 730 declined and 328 advanced. Sales today of 3,030,000 shares were well below Friday's
plume of 3,540,000 shares,
Bond volume was $6,520,000, American Stock sales totalled 1,340,000 shares.
Dow-Jones
Selective buying frined many industril
particularly were; steels. Several euglacering and electrical shares also turned in 30 industrials
a good performance.
20 raita
15 liter This does Britain less than jus- Stocks of off companies with 65 #tocks 40 bonds thee,
investments She is not able to jomt the į heavy
in Vene- Cornm, future pric Common Market as rull part-zuela skidded sharply. Selling her because of her obligations twa, moderate ut prices
122 V
move
to the Cornmonwealth but that jinaiked down as does
10 got mean she is put break 11. But if Britain cannot join the other six Industrial powers in their bold venture she can at least try to ensure that she is not hurt by her en forced exclusion.
market in
were
closing averages
101.34
General Dynamica
General Electric
General Foods
tieneral Motors
Gen. Tyre & Rubber
Bdden Co..
Goodyear Tyre
tult l ...,.,
Tari Business Machines
Int Harvester
International Nickel
Il Tol & To
Her industry
Solar Aircraft
Standard Brands
Standard Ott of Cal
| Standard Of of Ind. Standard Out of N.J
Sterling Drug Ca
Stokely-Van Camp. Studebaker-Packard Corp. Swift & Cu Texas Co.
Time Inc
Union Carbide
Union Pacific Railway
United Alternfa
B. Gypsum
US. Rübher
UN. Smelling
US. Steel Warner Bros.
Westinghouse Electric Woolworth
P.OB.I
B-IE
COMPANIES
PASSENGER/FREIGHT SERVICE
PENINSULAR & ORIENTAL S.N. CO.
Outwards
LORTO UK.
"COROMANDEL"Sailed #2/11
"BURAT* "CANTON" "CHUSAN" "SOMALF"
"CONFU" "SALSETTE"
Balled 3/13
12th December 3rd Doceriber
January 9th Janu 20th January
Gh
Leaves Hongkong
6th Janusey
1423 January
3rd February
13th February
Murch
071 23
08.03
192.00 00.73
price index
149.07
Closing Prices
Floror was da *"SOUDAN"
"CANTON" +"CHUSAN" "CORFT"
"CARTHAGE" 1043
$231
8242
precaution- Ultranke, the Aklea Inc. Acy, spectators favourite, dropped | Alast Chemicala 10 shillings one point bul recovered slightly elosing seven shillings lower, Shell Truns- port and Royal Dutch were alsu sharply lower. British Petro leum with interests mostly in the Mid-East, held steady.
E
UK TO PAY
Coppers ensed but gald stocks IN FULL
were firm
bond
trucks liens were higher in a selectively Arm foreign market.-U.P.1. But
The French motives on the other hand are not as blameless as her politicians would like the others to believe. 11 is true tha. Francu bas openly invited stil- fer compeition in ber domestic order la further a political aim.
advantage the balance of the has been nicely calculated. The 1.50backlitional competition of the Brlitzh goods would upset the senle and turn the French in- dustrialists against the whole
common
te E 11.00%
13.05
29.00b
20.00h
$7 RID
project
December
97256 Junuary
LONDON Prices of inelala vlosed today in sterling per long ton ne fol- lows;
Fin
Spot
Spat
3-month
December
Buyers
Seilern
163
Sympathise
Mie other continental powers in the Coramon Morkel sym- pathise with Britain's attitude-- but not to the extent that they 755 are prepared to support it in
the face of French opposition.
704
2:22
22145
It is impossible to say what 12 will happen next. Of course tho governments concerned will go trying to reach an Hut hope is dwindling and in been quarters it has
THIS
715
U.P.I.
sonic
@bandoned.
agreement.
The possibility must be faced
that Western Europa will be divided into two rival trade
London, Dec. 22. Britain Intends to pay the full instalment of principal and Interest on the United States and Canadian loans on Decem- ber 31, Chancellor of the Ex- chequer Derick Heathcoat-
told Armoy
The House of Local Commons today.
Exchange Rates
this
5.74 The grand total which Bri- 19.0% tain will pay at the end of the 12.78 year
to both the US. and
Business was done In the unomicil exchange market horning at the following rates;- 15. dollar (per st) Sterling woles (per £1) Australian mutes (per 1) Indonesian rupiah er 100) Sian tien er 100) Singapore (Stolti)
0.70 Canada will amount to appro- 20,70
1.02ximately $180,380,000.-U.P.I.
P&O
ROUND TRIP TO JAPÁN
BY
R.M.S. "CHUSAN”
January 1959 21st January
One Hongkong
13th January
Hith January
11th January
19th Janua
12th February 9th February 14th March
Due London
19th FebruaT 1915 February
4th March 16th March 13th April
Via S'pore, Penang, Colombo, Bombay, Aden à 29, Baid
* "6GUDAN” extends to Hambara, Botterdam & Antwerp, and emita Colombo & Bombay
↑ "CHUSAN" sito culla at Naples, daraxilisa a diuraiter.
BRITISH INDIA S.N. CO., LTD.
"SANTULA"
"PADANA”
dub 2nd Jan, from Criquita, Rangoon,
Penang & Singapore Jults 3rd Jan. for Japan
duo 6th Jan, spils ath Jan.
from Japan
for Bingapore, Penang. Rangood,
Chittagong
Calcutta
P. & O./B. I. JOINT SERVICE
"OLINDA"
*
“UMARIA”
*
*
*
"OZARDA"
"OBIA"
due 2nd Jan sally 4th Jan.
dne 3rd Jan Kaļķa Dik Jan:
from JspPIN
&
for Singapore, Penana. Madras, Cochin. Dam- hay, Bhavnagar Pore- binder Kandla & Kara- chi
from Japan
for Blogapors, Dubai, Basrah, Khorramshahr & Krucial
due 16th Jan, from Karschl. Bombay
Cachin salis 14th Jon. for Japan
dun 14:21 Jan. from Japan & Shanghal Halls 16th Jan. for Singapore, Bombay, Karachi, Durai, Kuwait, Basrah Satur
Khorzar-
EASTERN, & AUSTRALIAN 5.S. CO., LTD. "ÉASTERN"
"NELLORE"
toada 23rd Ped,
* 24th Poo, for Lebuan, Bandakan, Brisbane. Bydney, Mal- bourne & fidelaide
due sih Jan. nửa vui đến
from Australia. for Japan
All vessels have Iberly to eat at any porta on or off the squta & the route & waliings are subject to change, or aisündment' with or without polica.
NEW YORK
Rex rubber futures today closed 15 to 33 points higher with anies of 18 contracts.
Closing urlers were: Jan. 30.20; Mar; 30,00; May: 20.70: July: 39.30, Sent: 9.00. Nov: 20.00; Jan 240,
AMSTERDAM
The rubber market was steady today. Prices cloned in guilders per kilogram, cir Jan, as follows;
No. 1 rubber
No. 2 rubber-
No. 3 rubber
No. 1 crepe
SINGAPORE
The market opened
2.30 AT.
+4
Bround
thas previous levels and steadied further on fair short covering and trade buying,
No. 1 rubber per iv. Jan, 03-04 Feb. 844-64 'No, a rubber per 1. Jan. 03-0339
0144-8194
01-01
COTTON
NEW YORK
Prices of cotton futures closed today as follows:
Spot: 30.70 nom: Mar: 3424: May. 3441; July: 33.34; Oct: 31.00: 51.43, Mar: 3101; May: 31.00.
NEW ORLEANS
Prices of cotton futures closed
as follows:
tedny
Spot! 13.03; Mar: 34.24; May: 34.42 July: 33.09 Oct: 31.50; Dee: 11.42; Mar: 31.00) May: 31:54,
LIVERPOOL
Cotton future closings, JEL pence per lh, were as follows;
American Contract
Dec/Jen.
Mar/April
May/June
JULYZAMI
22 43 27.13
21.00
Uct/Nov.
2)43
Dec/Jan,
29,43
Mixed Contract
Dec./Jan
23.50 22.47 21,0
20.00
200.00
May April
Mry/June
July/Au
Oct/Nov.
Dec/Jun.
BAO PAULO
Closing prices, in cruzeiros per kilo were as follows:
May
Marek
Beteinber
57.50 $17.40
..... 04.00
In the United Balce, tha
No. 1
No.
Blanket crepe
20, 1 pale crepe LTE
wan 34.36 conts.-U.PI. 06-07
4-mont
Copper
Lend 2nd half
March Zine 2nd halt
Recember March
SUCAR
New York, Dec. 22. World No. 4 pugat futures closed today unchanged to three points lower with soles of 220 contracts.
Domestic No. 8 sugar closed forming a "trading association" Dep: Kobe one lower to two points higher between Brilain, Sweden, Nor with anlos of 10 contracts.
Denmark, Austria
Arr: Hongkong and Centraal No. 4 (world)
Switzerland. There is saldi tu Mar: 307; May: 343; July; 362: Sept 3.02: Oct: 3.411 MRг: 350: be government support for the Mays 3.501 Buol (cents per Ib, fol |1den. -- Cuba): 4.07
Open Interest: 1223 contraria,
Contract No. 6 (Domestic)
WILY,
Which segens to imply that I Mar: May: 8.30: July: Dos: war has not already begun, at [
· ROUND TRIP FARES ··
First Class: From £68.0.0. Tourist Cloan: £42.0.0
For further particulars apply to:
No. 1 mot unbated..... 933-01 average price of one-nch cotton Bep 6.00 Nov: 5431 Spot (dents Icast the big guna are being Mackinnon, Mackenzie & Co. of H.K. Ltd.
241-2012 at 14 designated spot markets per ib. clt, NY exly): 0.95.- moved up to the forward ares.
--Londoni Express Service.
Open Interesti" djaid contrpote/---
U
P. & O. Building. Tol. 84469.
For full particulars apply 18:
MACKINNON, MACKENZIE & CO.
OF HONG KONG LTD. Tolephone Nos: 27721-4.
camps. There will be discrimi- Dop: Hongkong nation. It this happens, Times Arr: Yokohama commented last weekt, nobody
Dep: Yokohama can tell where it will end.
Arr: Shimizu Meanwhile talks have begun Dep: Shimizu. between tho British pad.
Arr: Kobe Swedish industriniiois aimed at
25th January 26th January 26th January 27th January
28th January
29th January
1st February
6.00 pm. 10.00 am. 4.00 p.m. 12.00 mld-night
4.00 p.m. 7.00 am. 9.00 a.m. 13.00 Noon
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