1959-02-18 — Page 9

China Mail 德臣西報 中國郵報 All

JAPAN LED WORLD IN SHIP

LAUNCHING IN

IN 1958

London, Feb. 17.

JAPAN led the world in 1958 for the third con- secutive year in total tonnage of launched ships, Lloyds Register of Shipping reported today.

Germany was second Dritalo was third, according to Luyd

and

During

Japon the your launched 410 ships with a total tonnage of 2,066,609, which was a drop of 345,837 tons from 1057.

The

Trials With Exhaust

Gas-Turbine Engine

launches included SHIPBUILDERS and marine tu bine steamships, of 1,244,834 tons, 305 inator ships, of 821,- 835 tons, and 13! oil tanker of 1,176,300 tons. The tankers included the four largest to be Jaunched in the 1958

WORLD TOTAL

world during

The world fatal for 105 was 1,200,AB3 tons launched, an in- crease of 700,570 tons over 1057 and the highest figure recorded since the war years of 1943 and 1914.

Germany, with a steadily In- creasing output, iaunched 388 ships of 1.120,261 tons during

1950, Lloyds reported. That is un increase

198,100 tons

firms in engineering many parts of the world will receive progress reporte havo on the trials, which started in the Clyde of tho Morar, ora-carrying ship, 9,200 tons

weight built at Port Glasgow for Scottish Ore Carriers Limited of Glasgow, and launched by, Lithgows Limited last your."

doad

THE CHINA MAIL, WEDNESDAY, FEBRUARY 18, 1959.

UNEMPLOYMENT IN UK

Industries Should

Move To

Depressed Areas

By RONALD BOXALL

London, Fob. 17.

HONGKONG Stocks Hold

Firm On Wall Street

STOCK EXCHANGE

by

Mur Cown Core pindest

Business done on the Hong-

Now York, Feb. 17.

kong Stock Exchange the Stocks held firm on moderate turnover

amounted to ap- $383,000. Noon quotations and the morningʻa proximately transactions were:

Unemployment; in Great Britain reached. ning

621,000 in January-the highest it has been since the war, aside from the altogether exceptional months early

the when

nation in 1947 paralysed by a fuel shortage.

Statistically speaking, Britain still has full employment, it by that it is meant 97 out of 100 of the working population have Jbn to go to What it no longer has is over-employment, when Huntlled the number of vacancies" is greater than the of people looking :er

cumber werk.

of the cur of

But though it may be the dis- Lullary of a successful inflation situation where even three in every hundred working population are jobs, it is one in which nobody Jakes

pleasure. only

Un- employment at best is wasteful of resources and no nation can

afford it.

gharer Buyers Belters Rairs BANKS ́s Bank.. was

Those pockets of chronic un- employment are not necessarily new. In the main they are caused by the 1 that leeal industries have declined and no alternative industries exist to give employ- at to displaced workers. In Lucanhire (3.6 per cent un- employment), the Industry that Kewer now.gives

jobs is of course. cotton; in Wales the the depressed industries are tinplate bandmills and sinie; in Scotland the decline has

textiles In home been

and hill farming.

INBUILANCES Union

015 020

12

5!LIPPING

Waterboat. 27.10 £7,00 Wheels.ck

DOCKS, ETC. Duck

Provident

LAND, ETC. FK Botes

HK Land... Huchters Recity

NUBBER

Ama

Trust

A Tawah Sungala

UTILITIES T:men Yaumati C. Light

over

darly today.

Thiokol Chemien! continued in demand. rising another 3 poils to $107. Polaroki, up four points yesterday. gained another, two to $111. There were gains of a point or mote in A. O. Sinth, Colgate Paimolive, Northwest Airlines. Crane Co.. Firestone Tyre,

Ice American

and

500 5.70 Armour, 3.03 0.75

Magma Capper.

Pressure generally Uftes from the tobacco stocks, hit yester- 12 12.10

crday when talk of the amok 23.10 23.20 20933.10 ng-concer

nk was resumed. Lorillard recovered 1 points. Liggett & Myers, however, fell nearly two points ex-dividend.

3

12 10.67

1:50 1.529

2.10 2.20

23.30

5003125

2.15 2.23 2002 2.20

2.75 232 2.75 3000 an 2.00

Electric (0) 20.40 201

IN) 252540 Macan E 4 0.20 Tel. (0) .. 25.70 25.00 IN) 20.70 INDUSTRIALS Chacat 23.90

"The answer is obvious on- courage industries to set up a a:can of unemployment rather Man in those districts which now! already well served. Un- fortunately this is not as simple as it sounds.

Industries than it

ITC attracted eerin arcas for economic

be

Watson Drag their cuarkets for emcient transport. And dial is as it should be.

The Morar is the first coean-

On The Dole going ship, in the world to be

with five powered

piston

The employment situation is by exhaust both beller and warne The turbine, driven exhaust gas-turbine machinery. Has instead of by conventional would sear fom the bald fact.

team has three diesel-gasillers. that 021,000 people are

2,500 shardalk On the brighter side is the fael that the rise was partly

over 1957, which shows how She will develop

her pestwar expansion has nowherewer with a service speed made her the world's second of cleven knots. Jargest shipbuliding according to Lloyds.

Britain, in

1958, launched

country,"

third place, for

202

ups of The figures 1,401,880 tons. 11,721 tons less than for 1957.

U.P.I.

SAS Pilots Want

Jet Flying Pay

A

Stockholm, Fob. 17.. NEGOTIATING Session

has been called for next Tuesday in Stockholm on the wage domande of Scan- dinavian

Airlines System

cd the new The adoption system, its claimed, will reviure provide costs, maintenance greater cargo space because of reduced engine room and mean saving in weight-lp this case about 200 cns.

1

A more powerful free piston gas turbine is to be installed in a ship of 1,300 tens which Lith- gews are building for the Cresta of Nassau, Shipping Company Bahamas.

True Motion Radar

For Norwegians

Decca True Motion

pilots which threaten to halt oder TM 909 has been the airlines operation on

March 1.

A

*

ordered in quantity by the

The company has threatened Royal Norwegian Navy for "lockout" on that date; which

their now

class of

would ground all its planes, If torpedo-boats. the pills do not back down on their wage demanda.

A spokesman for the Swedish Airline Pilots Association sald he had received a felegram from the American Airline Plints' As-

offering aid to SAS sociation pilots in their fight for a 10 per tid. cent pay hike plus additional pay for jet plokk.

SAS I owned by the Govern ments of Norway, Sweden :n -Denanas.-U.P.1.

Keelung. Building 36,000-ton Tanker

THE

Taipei, Feb. 17.

first ocoon - going vessel built in Formosa

is scheduled to be launched

motor

This will be the first tting squadron of a cumplele nava!

True Motion radar, a with British development pioneered by Decca Radar Limited. This widely atted in system, now nierchant ships throughout the provides Important for naval vessels advantages. parlentarly in the simplification it flera ti radar interpretation when ships are manoeuvring in company and at high speed.

The Royal Norwegian Navy was one of the very first naval users of Decra rudar and their ships have been equipped with various pas of Decca sels since

1951.

New Supersonic Wind Tunnel

en the

would seasonal-the part that have happened in any case.

count wan The January Laken during a particularly Gold-spell so a greater num

than usual of people whose work stops when the weather in bad - building and Agricultural workers tegistered 45

ber

mainly-were unemployed.

Moreover, the January - phyment ligure was exaggerated by an unseasonal tall in unem payment during December. This is the menth when Post Offe extra and shopa ere leking on staff to cope with the Christmas rush and hat year this recrulling of temporary labour resulted in an unexpected decline in unem- ployment.

Seasonal Factors

Nevertheless between Decem- ber 8 and January 12, unemploy' - ment increased by 89,000. At the end of this period, 550.000 people were wholly unemployed-and rather more than half of these i had been cut of work for snore than eight weeks-and another 71,000 were temporarily stopped from work

Encouraging

consumer

Some progress has been made in encouraging industries to move to depressed area. Firma producing durable. goods which need a large labour cree of semi-skilled men and women for assembly line opera- tiens, have successfully made the move. But there is more to the selling up of a factory than an willing available supply of labour.

'more

Financial inducements eân help and last week Govern ment

rent announced

con- Dessions for tenants of Board of Trade factories In scheduled development areas. Two other measures to give employment were also announced. The Govern-

makė grants ment is to local authorities in develop- ment areas for the clearing of subarquent depellet sites for tipe for factory building or Improviar local amenities. It is also

to

to put stop for the time being, to its sales of sur- plus machine Louis.

Great

These measures will give some material

arcas help to the worst hit by unemployment. But apart, So seasonal factors

that belleve Lany people big increase in Government aid should be given there was R

bigger te werkern to move fo unemployment-even

figures suggest if than the

industry is growing. where account Ja laken of the numrather than offering

carrots to who went into the industries to go to the ber of mext

retirement, and of workers. London, Express enforced women whe left their Jobs Service.

and did not register at labour exchange.

the

ил

The biggest increases in employment were in agriculture up in one and fishing (31,009 month) and building and con- tracting (31,000 up) distributive Trades (34,000 up). Forty-nine thousand fewer were at work in the manufacturing. Industries-- covering everything from heavy Engineering to cotton. The only groups which mainlalaed their NEW supersonic wind labour force were gas, clectricity Tunnel, capable of icsting and water and the National models at three and a half times Government service.

What worries Government sa the speed of sound, is now work-

fuch tho is net so the British Aircraft much ingat Research Association's premises national Bgure of 2.8

per cent at Bedford, it has been disclosed. unemployment. That would be a Speeds of up to four times that tolerable price to pay for the end of sound may be possible with of infaika I meant

workers were in the process vi existing equipment.

moving from industries with too much letour to these with too tittle. Unfortunatly, this is not the case.

on March 6 at Keelung, the island's northern port. A

The ship is the 30,000-top Lanker being built by the Ingalls-Taiwan shipbuilding and drydock Corp. for the Engineer of the United tanker corp. Sintes,

The vessel will be used to from the transport crude oil Middle East to Formoen, where petroleum pro all the island ducts are refined.

Thu Keolung bulliex Jny the keel for second tanker in May.U.P.I..

A

The World's Most

. Powerful Fleet

will

NIVÉ submarines now being

Fuilt in the United States

will become the most power- ful "eat" in the world. Without surfacing, they will be able to delivér atomic at- tasks on targets/1,500 miļos away.

Khown a "nuelmar-powered Best ballistic missile eulsmarines." they will be manned by 100 officers and ratings.

Their long-range weapon, the Polaris, will be ready next year, and each submarine is expected -to carry 10 of them.

Tite submarines will reach their firing poeftighe by a new kytisin of navigation.

A 13,750 hp. motor provided the "wind" through the tunnel, which is two and a quarter fest wide by lwo and a half feel high. Models up to 39 inches long can be tested and at this size the sulls ate realistle encugh p provide information about the behaviour of full size aircraft.

Measurements of the strain on the models

made ате automatically an punched cards

in which are. analysed.

013 electronic ecomputer,

Deteriorates

that

In some parts of the ecuntry the unemployment situatien is beiter than the national average. In London for example there a only 1 per cent unemployment for and the vacant poslilen avery two people looking for

But the Jobs.

poaliion detricrates the further one gets away truth Lendan. In Scotland ununployment han reached 6.4 per cent and there are ovar 18 tessary" dole-collectere aur there are vacant jobs notified at the labour exchanges. In Wales bad, the josition is almost whare 4.8 of the total population ume cut of a job and they ou

about tumber yacancies by seven to ono.

But the black spot la Nor-

her Ireland-which

STORES, ETC. Dairy

11.00 13.99 L. Craw. 19.03 14.00 COTTONS

INVESTMENTS

int Inv Allied

Ink & FE Invest

Losses

Bustman Kuzink

Paro National Car Fenolly Finance Corp. Firestone Tyre & Rubber First Nat. Chty Bank Furd Motor ....... General Dynamies General Electric General Foods

General Motors Gen. Pub. Util. Gen. Tyre & Rubber Celty Dil

Glidden Cu.

Cedrich in. F. Co.

Goodyear Tyre

Gununan Alteraft

|

Cult Of) .....

Hammond Organ

Heyden Newport Corp. Humentake Mining Cal

idaho wer Ingersoll-Rand

Inand Steel Co.

Interchemical Corp.

Int'l Business Machine. Toll Harvester

international Nickel international Paper

14

J7

3214

13572

2412

43

New Paint Factory For Colony

By DAVID T. K. WONG

Singapore, Feb. 17. HONGKONG business- 11 may, atr Paul Low, Managing Director of the National Lacquer and Paint Products Company. said the pzni business, in growing Hongkong was very fast and was holding Chinese its own against

competition.

IIp cited the example of his own company and said that it was expanding with

new

11K$3.250.000

factory seven-storey

in Kowloon.

Tho

would be factory completed by the middle of the year, he said, and- It would have modern and automatic equipment pur- chased from. West MANY

and the

States.

Mr conncellon

Ger- United

Low came here in

with the Singapore Constitution Ex-

where the

Dro-

of his company are

241

40

4714

053

501

41

Dosition,

duela

1101

on display.

at

ԱՄ

John-Manvile Co.

|

Kulaer Industry

-133

Kensal C. Power & Light

5112

Kennett Copper

Kimberly Clark

505

of more There were lossen then a point in Joy Manufac 2. turing. McIntyre Porcupine und International Business Machines, Today's volume was 3,180,000 shares.

25001020

ای ملی گرایی

Of a total 1,230 shares traded were higher, and

470 lower.

American Exchange

Was 1,030,000-shares.

Bonds volume

$0,270,000.

Dow-Jones

were:

30 hdustria

Tel & T

Ligget fevers Tou. Co.

Lockheed Atreraft

Lew Incorp.

Lone Star Cement Co.

volume Loweaters & S2117.

AleD:Enol 1 Hay

amounted

to

McDonnell Aircraft (Am.

Stuck Exge.)

Mesabi Iroit Corp

Minnicota Minn

closing averages Mission Developerunt

Closing Prices

0.00

1000 10

Alden Ine. Avy.

Allied Chemicals Allied Ms Inc.

Exchange Rates

Allis-Chairuers

Am. Brake Shoe

Mursanto Chinical Co. Montgomery Wen

Metros inc.

Hotcast Blcut Co. 90.DN

National Dairy Prod.

20 80 20.00

041 03

10.00 10.00 1100 1800

2002

24

27025.10 214 4 2.00

20 1169 20

730

25.00

80

23 10

300 20

10.30

100 20.30

100 % 13.79

Textile

Nanyang

3.93 44, 1c00 mo

G.BO

200 alin...

500.71 100 De

BUM

13 miles

MISCELLANEOUS Ch. Ent Vibro

3 lok

2013.03

National Cash Reg. "A

181

40 bonds

00.30

18.40

Comm. future price index

National Lead

145.76

National Steel Cup.

Niw York Central'

26

Norfolk & Westran By.

2014

North Amer. Aviation

$2411

Neith-west Altlines (Com.) Oils Elevators

372

98

44

Owen-linols Class

3.21.

265.

Oxford Paper Co

Parific Gau & Elec.

02

AR

American Airline

Pan American Airways

2

Paramount Pictures

Am. Cable & Stadio Corp.

Amertean Cyanan

Co.

4714

13 Parke Davis Co.

Business was done in the local momcial exchange inoming at the following rates:m US. Millar (per 11)

Amer. Forgn. Power

17

Pewny J. C. Co.

100

market

this

Am G &lectric

Penn, Salt Co

40

Am. Home Prod.

125

Philip Morris

5034

5.74

Procter & Gamble Co.

75

A. Mach & Fury.

Sterling notes (per £15

15.02

| Australian notes (per £11

Indonesian plats (pre 100) Stam ticals (per 100) Singapore (Btzaile)

American Metal

292x4

Fatburgh Plate Gloss

70%

17.80

American Smelting

$21.

Publieker Industries

1335

Pure Ol

4114

Am. Sugar Ref

34

20.00

American Tel & Tel

209

Radio Corporation

48:8

1.02

American Tob. "13"

725

Anaconda Copper Armeo Steel Armour

603

022

770

443xd

17

701%

143

Safeway Stores

Baltimore & Ohio

+2×4

Saint Heg. Paver

412.

Beneficial Fiance

201

Bendix Aviation Corp.

71

Sinelate Oil

geoit Paper

70

02

Begur Cops.

1

Smith, Clia

& Frenck

Besim Steel

51

Sugany Mobil Ou

Dating Airplane

Eolar Aretats..

Borden They C

South Puerta žico Sugar

Calif. Packing Cern

50

Routhers Co. (Tas)

Campbell Son Co.

Southern Rajonal Goal

443%

20%

Southern Railway (Cam.

64

Cane C5.

240 Stimdard Framti

Farland Cul of Cal.

A

Standard Oil of Ind

401

620

Standard Oil of NJ.

52

Steep Rock (Toronto Exte)

โจ

50

Stefie Drug Co.

Stud baker-Packard Corg.

<x

Buahine Mining

502 | Swift & Co.

Yesterday's Closing

CITY LIGHTS

*On the other hand, I wish Tow restrictive measures could be imposed on some of old Podbury's NATTIE £"*

London Exprean Bermion,

Allas Cons. hining

Baldwin-Lima-Hani.

Canadian Pace

Cat Tracter

Celanese Corp.

C. I. T. Financial Corp.

Chrysler Mcləri

Colgate-Palmalive Co

Cluett Peabody

Colombian Cerbon Ca.

Cominereal Cadil Cominowcalls Eles. Consulatest Final Continental Oll of Del. Crown Zellerbark Cuban Amer, Sugar Diamond Alkali Douglas Aircraft Dow Chemiczl. Tupont de Nemours Eastern Airline

COMMODITY PRICES

RUBBER

AMSTERDAMTM

rubber market

Was

The stecdler. All prices CIF March closed today as follows (guliders

per kilogram)

No. 1 rubber

No. 2 rubber

No. 3 rubber

No. 1 crepe

wan

LONDON

market rubber The

with spot quoted at Floady 23-3/10 pence per lb. Prices:

23%-25%

No. 1 Ras pat

Battlement house term:

Mar.....

2391-254

Aprit/June

2514-2331

July/Sept.

2595-252

Oct/Dec.

25-25%

Jan./Mar.

2511-20

Ftb.. Mr. and Atell

Estate enerve (lin

General markets, cif basis, ports:

Estate, crepe thick

Mor.

1

را دلا قالت

203

233.

BINGAPORE The market was down at the afternoon the upening with quiet with interest again main ly on lower grades.

After the official close there was some trade buying which steadied prices alightly. Futures: No. 1 rubber per 1. Mr. 85%-85%

Apr. 30-60 No. a rubber per 1b. Mr. 136-BAS No. 3 rubber per 14. M. 8346-8315 No. rubber per lb. Mar. Spot rubber unibaled Blanket crepe.... No. 1 pale crapp

76-60

NEW YORK

2.44' buyers 242 buyers * 4.30 buyers unquoted

-U.T.I.

| COTTON

nf cotton fattires

NEW YORK

Pricea

closed today as follows:

METALS

The

today. while

LONDON tin market

Spot cused

Hedin Corp. Pref.

Hepublic Steel

Reynolds Metal

21Stars, Roebuck & Co.

Shell Ol Cu

(19

ויו

នា

Texas Co.

Textron Inc.

Thickel Chein.

Tide Water Asm. Ol

Tri-Cut. Warrents

3930

ק

221

2212

New York

Cotton

Market

New York, Feb. 17. Colton futures today drift- ed irregularly lower in quiet dealings.

Prices were on the defensive. most of the time with the reaction regarded a technical affair after a three-day rise.

Evening-up in the Marcla delivery, before first notice day on Friday, and transferring of hedge positions forward, featured in old crop months.

Deferred deliverles werd relatively dull. Activity there was curbed as traders followed the testimony of Agriculturul Secretary Benson before the Senate Agriculture Committee.

Opposed

The Secretary has flatly op- posed the direct payment plan to producers as a replacement for the high government loan

programme.

Open March contracts today totalled 124,700 bales; The cer ticated stock

was unchanged to 81,365 bales with 4,272 bales awalling inspection.

The Liverpool market today closed off live to 20 English

2624 | points" and 944 to 1 118. Amori. can points under New York futures, the wiles! discounts on recard.

Time Inc.

Twentieth Century Fux Film

50%

finian Carbide

NO

Tinton 1 of Cl

411%

21126.

Unian Pacifle Rudiway

30%

United Frust

finited Gas Corp.

was steady

4 to 700% three months remained unchanged at 772 sterling. Turnover was 25 tons.

Buyers Sellers

200!% 77!

172 773

Tin

Epst

3-month

Copper

Spot

3-month

2353 2301% 2361%

224

Lend nd hatt

Feb

20

May

70%

70%

Zinc 2nd halt

Feb.

May

Lulureg

7214 -UPL

2416

Spot: 33.03"nom; Mar; 35.19; May: 33.63 July: 3432; Oct: 33.11; Dec 31.92: Mar: 31.90: May: 31.08: July: 31.10.

NEW ORLEANS

af

A

cution

Prices closed today as follows:

Spot: 34.10; Mor: 34.47; May: 34.30: July: 3654; Oct: 3.11: Dec: 31.03; Mar: 3157: May: 21.10; July: 1.0. LIVERPOOL

Cotton

closings, future

American Confrot pence par l, were as follows:

Mac/April

May/June

July/Aug.

May/June

July/Aug.

11

SUGAR

NEW YORK

March: 3.15; May: 337) July: 3.18:

3.31;

17,3. Fol "E"

15. Iine Co.

5 Rubber

Smelting

14. Steel

15. Steel T PC. PF

Warner Bros.

Waukesha Motor West'nabouso Air Brake West'aghonse Electric Western Union Ted. Co. Wat Ya. Pulp & Paper Winh-Dixie Shores Werkworth (K.W.J Zenith Radio

1311

190

iP..

London Closes Mixed

London, Feb. 17.

The stock market closed "mixed on quiet dealings today following an, alm- less opening 48 many - fråders werp late in ar- riving because of the thick fog blanketing the city.

Gilt-edged securities Anished higher on several actions by the reflecting its ro- government newed confidence in steriing.

Industrials were mixat The bright features were active' ön American buying,

Greek bonds were active and

per tot Cuba:igher a gallmism increased regarding a sqlution to the Cyprus dispute. Pollar stacki were mixed.

22.00

20.06

}

ρούχου.

10.30

Dec/Ja

10.40

Contraet No. 1 (world)

Mixed Contract

Mac/April

5.20

Bep: 221; Or: 3.23; Mar: May: 3.21.

20.00

Oct/Nov.

10.00

Total sales; 203 contracte, Spol-{cenis

bec/Jan

18 05.

J.13.

SAO PALO

All prices unquoted.

In

the United States, the

3030

10.30

ton kt. 14 designated

.............. | matkatu, was .34.20..oeta.

Total mies: £22 contracts. apot

Spot-trgala ex-dity):", $30.′′

cit

-,,』

Total sales wern 1883 bales, -UPI.

U.P.1.

Rex rubber futures' today

is not closed soven to 20 points higher included in national figures with sales of 22 contracts, The 45,712 people who were unapployed there

at tho zuiääte of Sutruary repessents

9.7 per past af she "wyrblys population.

March

NDT. Mar

***

Open interest; 0,038 contracts.

Contract No. 8 (demeglio) March: 5.47; Moy: 6.53; 7uly 6.05;

average price of one-ineli coty | sept; 8.71; Nov: 0.75,

તદ્

Gold stocks were moally lowar and coppern mixed.

Olla rallied in late trading NY but were below their opening

Opers Mareet: 2.992 cntract prices. Rubber stocks were

quiet-UFT

Closing

tween

about mid-way be-

the day's high and low

Jovels the list showed net losses

of two to 13 points.

The market opened unchanged to up five closed

points. New

Orleans

unchanged to off

U.P.I.

12 points--

Singapore Market

Singapore, Feb. 18.

Brokers today quoted the fol lowing stock prices:

Batu Lintang Rubber Co.

Ltd.

Dritish Borea

Syndicat

Petroleum

Common Led To Smellect

Ord.

Fraser Neave Ltd Ord. Fraser & Neave Lid Q/d. 7 cum. pret... Gammons (Malaya! 1....

ongong & Shanglial Ban

ine Chip Hongkong Tin Ltd. Krumple 146....... Koala Karper Tits Lainas Bubber Kolates Ltd.

Mayan Breweries New Serendah Rubber

Ltd.

Peteling Tin Lkl. Flagon Hotel

Bidzapore Cold Storage

Biralla Trading

quait Bismahip

1

Opening

$2.32

180

93.67

14.15

$1.72

$420

fo Bd

31.75

5)B $1,27

$.1

$3.83

1.97

$1.23

$0.00

1.00

United Eggingere. Ond, 1952.2. SLET Wesme Broa, *

$1.30 #flina Mall Specia).

Agreed Merchant Rates

Canadian Dollars: Maximum

Selling 10%. Minimum Buying 174 T/T; 17-8/13 0/D.

Swiss France; Maximum Seli-

Ting 744.

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