1959-05-12 — Page 9

TRANSPORTATION

THREE TYPES OF FAST CRAFT FOR

OIL COMPANIES

overseas

Three types of fost launches recently built by Saunders-Roe (Anglesey) Limited at Beaumaris, Anglesey, have boen delivered

for 'service with various oil companies. This type of craft, built and designed to the customers requirements, is a. departure for the company.

The launches all have hard-chine hull.

One type ha

;)

an overall length of an ft, a berm of 12 1, and a dratight of 31 ms. These have welded teel hulla. zind

sprayed

extemally, and this balkhens, deck beams and superstructure Dre construeled t alankum bilov.

They are powere 3 by a 2.13. Fa 1 It

diesel

drvne the with a balf-chair,ge top ad love a land of !

17 .4.

Accommodatien

preveled in o spends

ir wight partsvingers,

The builders have alro kup- pend other homehes similar in construction to the 38 Tr which have an overall length of 48 Gm, a maximum lean of

15 t and draught of $ £. Their twin Rolls-Royer diesel engines,

new

London Stocks

Maintain Firm

Stock

Undertone

London, May 11 markets have fully maintained their firms undertone today, but with buying showing signs of slockening and with a cer-

taiw

amount of profit-

THE CHINA MAIL, TUESDAY, MAY 12, 1959.

STOCK

NO EASING OF HONGKONG CONTROLS BY ZEALAND

NEW

Auckland, May 11.

EXCHANGE

Our Own Correspondent

Business done on the Hong- kong Stock Exchangë this

mately $610,000, Neon quota- morning's trans-

uctions;

BANKS

Shores Buyers Aviors

Sales

K Bank,

Avia

850

10

Du Pont And American

Telephones Hold

Up Industrial Average

New York, May 11. Strength in Du Pont and American Telephone sustained the

industrial average in a quister, irregular market today, News favoured the constructive side with employment at a record high, steel operations scheduled at a new high, auto sales rising sharply and other indexes rising.

However, this Array of Montgomery Ward 943 favourable development's INEL

Into uncertainties becaus

"It is premature to expect any substantialing amounted to approxi-

easing in restrictivḍ fiscal, monetary tons and the and import licensing controls," says A. N. Z. Bank's April Quarterly Survey: "Confidence improved noticeably in the early months of 1959, based largely on a series of more favourable reports on oversea trading prospects. Whilst the improved external trading conditions do herald an important turning point, it appears unwise to overlook remaining weaknesses, and the danger of re- kindling internal Inflation."

"Two distinct · factors, coni-

bined to produce the altered

utions in the external sector," continues the Bank.

"First, and perhaps nost significantly, the deterioration in the ternis of trade which had take place since 1955 Wat halted, and reversed, In the sveand half of 1955.

Secondly, detalls of oversea exchange Transactions for the calendar year 1958 reveal that total export receipts at NZ £274 million were only a fittle below the 1957 Agure,

INSURANCES

Lombard

SIUPPING

Wheelock

ПОСКА, ЕТС

K. Whart Dock

44414

Preadless,

LAND, ETC.

Chicago Graine

Market

Chiengo, May 11. Soybeans were strong! und other graing mixed todny on the Board of Trade

The wheat trade was light.

Hquidation

"Scope does exist (assuming but continued

borrowing the May contract brougin

moderate overzea

ier une relaxation of import ke down restrictions where employment

development sentul

Prienoly

threatened, general relaxation dues not ap prar to be practicable for seine titut

Adverse Movement

200

31

44

203 o

the Geneva conference foreign

ministera and

621 Blone & Webster

43 | Sterling Drug Co.

Stokely-Van Camp. Studebaker-Packard Corp. Galankins Mining Bwitt & Co. .... Texas Co.

BA

11042

Textron Inc.

Thickel Chem.

Tide Water AR. Oil

13 Time (se

Tri-Cont. Warrants

Twentieth Century Fox Fim

Motorola Ind.........

113

of

National Bircuit Co

National Carly Reg. "A

of National Dairy Prod.

the

National Lead

market community look this

as

New York Central

National Steel Corp.

20%

an excuse to exercise, coullen.

3.00 0.10

700 €

*

A long list of stocks moved

Noranda Miner Lut

Nerfalk Western Ry.

up substantially,

I

North Amer. Aviation

severnt by North-west Airlines (Coin.)

On Mathie an...

J

121.

inion Carbide ....

gwen-Bilbols Ginny

6521

Union all of Cal

Oxford Paper Co.

Union Poole Railway

617.

United Aircraft

| United Frult

41%

Parke Davin Co.

412

U.8. Foll "B"

United Gre Cerp.

Penns J. C. Co.

11.

UA. Gypsum

Penn. Ball Co.

17

US. Line Co,

Philo· Morrla

UB, Rubber

Pitney Bower

122

Pittburgh Plate Gios

Procter & Gamble Co

publickor Industriou Pure Ol

02

Radio Corp. Pref. Haytheon

1.73

itepublic Steel

074

Reynolds Motel

HK Hotel 2040 20.50

1500

450.

200 4 20.00

000 +4

20

$14

Soon

15 15 20

10

1,00

LGS 10.04X AN

1.520

KL. 21

Humphreys Realty

# 3

*

11234

71

UB. Smelting

DR Steel Cn of Cana

US, Bleet..

ii.B. Steel 7 P.C. PS 44% Warner Bros......

Waukesha Motors Westinghouse Air Brake Westinghouse Electric Westem Unlau Tel, Co. West Va. Pulp & Paper Winn-Dixie Stores Woolworth (K. W.) Zenith Raci

4212

841

31414

20 2010 1ano ...

of 4 points.

Industrials

mačke ta good #showing, but ralls were up only, a small amount on average, factor that depressed the renilment in the market com-

munity.

Wide Gains

Wide gains here and there and

lew wide foner featured the trading, Amert

can Telephone stood out with a rise of more than 4 points.

01 Elevatnės

Pacify Gas & Elec. Pan Amerler Airways Paramount PicturRS_

Ridly Corporation

Ju Pont gained neatly Royal Bank of Canada points and held most of the Sears, Roshuck & Co.

Shell Oil Co rine. Strength nisa WaBateway Biores noted in

the motors, Inlandetnt Reg. Paper

Schenley Ind. in the steels, Magma in the scat Paper

Socany Mobil Olt Solar Aircraft

Renerally Puerto Rico Sugar

Southern Co. (Thei of afte bine | Southern Nallesat 059

coppers, Adressograph In the Sinclair bil office equipments, and BCAmith. Clino & Frensela nod Zenith in the radion.

Automobile Bet moved ahead and 2010 Fort 12,00 L

algh Southern Railway (Com Sold

Standard Aranda $7012 up

point. Seats Stand Oil of Cal Roebuck was up a postul on n Standard Oll of Ind. higher earnings estimato and a Standard Oll of NJ.

Strep Nock (Toronto Exge) higher dividend,

1 10.30 1250 .10 Watron... 14.00 .00 Lane, raw, 17.10 17.30

at a new

Today's volume was 3,060,000 shares.

Of a total 1,238 shares traded,

576 were higher and 437 lower.

American

Exchange volume

was 1,040,000 shares.

Bond volume amounted to $6,220,000. Dow-Jones

Westinghouse

New York, May 11. Westinghouse Airbrake earn- Ings fell in the Arst quarter because of a strike but better showings are expected In rub- Erquent

quarters, says W. E. Hulton & Co.-UPI.

P&O BI

B∙IE.A

COMPANIES

29

RUBBER

Anig.

-

7.45 2.33 1000

2.40

ist fhe

UTILITIES

Tran Star Ferry

A

to a new low of

品

C. Light

10)

20.00 200 24.00

{I} 101 ECON

13.40 18.50

..

3.30

Is

Some uncertainties were

ja-

2013 20 1000

16.20 18.20

but

veted in the market by 1he

Ws fran Geneva.

Electric

2740 2.90

Telephone

Whrat No. 2, red

1989

May 1895 REL)

The

adverse continuingt anverent In small savings is

108-13 11521 10012- 1931-19 1901

INDUSTRIALS

Cement

.. 20.00

* 1000

600

STORES, ETC. Dates ....

12814-1294 120-1

1952-1

12211

115!

1101

MISCELLANEOUS

Vibro

14 200 €

14

1304 1247-15

INVESTMENTS

averages were:

1. Invest. 5.00 Allied

2000 45

0.053 Industrial>

412

2 rails

25 4

63 tucks

40 bonds

taking going on prices critical and, if it persists, sub- Corn, No. 2, yellow moved irregularly.

driving through "self-change* Glit-edged sectrifies WITC gearboxes, give a speed in ex-akaln eess 20 tools.

40

PASSENGERS

Seating agrathmodation 1 provides for 40 passengers,

<>1 favour

stantial Increasea in Government revenue will be required

for

the set effect of focal polley not

I add to inflationary pressures

In the 1950-60 fiscal year, Here

in

steadily driftre tower to del. with falls up to one-tourth. War Ian 3 per cents closed. that fraction at £657%.

Industrials provided several good features but the market says the Bank. "On the evidence

in lies the major diffleulty arsessing the immediate outlook Rye for the remainder of the year,"

A third type of craft is 11 A 23 14 whole Wits hvegular. avaliable, it seems that mone Oats

6 Ins in length, with a maximunt

Steels nude a good

showinetary policy will have to bear

beam of 1 l'and a draught of į with John Summers agam out- approximately 4 ft.

Construction is entirely ut

tending.

in store shares Marks and Spencers f away following

aluminium welded by the Ar- the results of the dividend, but gonnal sidelded are proVESH,

Investment buying A single Rolls-Royce diesel renewed

The fal voglas driving Hrough a self-brought a recovery.

gives this price was 10 pence algher at

#3/10 14. launch a speed of 14 knots.

The three types

change

450

Aearbox

of unche

by or

all powered cylinder Rolls-Royce diesel en gines, especially designed for the maximum economy in fuel. All the launches were constructed under Lloyd's survey.

'University

Of The Air

5

London, May 11. COLLEGE of air training

Afor British civil pilots

a new "university of the air" is to be set up in the autumn paxt yeur, Hamble, in Hampshire.

ot

Cadets, spotssered by the sir- operatoy requiring their services, will be given

Beliish

Corporation

Gold shares were quielly ir regular but cuppers and other base metals made a good show- ing.

Oil shares were marked higher as a result of favourable ¦ press eomment,

Rubbery were firm but leas [eused—UPI.

Closing Prices

FINA J6732.

Giltedged Bande

Transport -3. 1970/84-

Callsols 25%. Cons £74. Conversion Loan

*. 10

1858/00-

39%, 1000/2004-

Funding Luan 3 cP

Fanding Stară

Funding

ม

+2 1980/00- 1-13/

Ravines ans, 1955/85 - 201-7/10. Savings are. DON/76- £015, SAVE 3, 11433/75 £76.

Вале Harelny's Bank "A" Ltd ord-fila

Chartered Bank-47 30. Boruckong - £40.

Eurines Union Insurance Canton --£44. Artcraft and Metors

gonnser

vata in the first year, and in

Beac subsequent years

will

Etich

sponsor a fetal of 110

Arlen Einunum AirwenéSTIB ~Cadets wii" he expected to live

2.

Mr John liny, parliamentary ster Clary to the tinistry of -Transport and Civil Aviation

fish • M«»** Corp. "Ord-175)

Ford Moter Com 44.

Breweries

Distillery Co-27A 14.

Buice and interlas Adecintra Portland Coquent--Bla

16, 413.

1

Coal, Steel and Engineering Inbcock & Wieos ind–9. Vicker Lid-3 M.

Food and Tobacen British Avrigah Tob, Co., Ltd

Tobacco Co., Ltd-53 Imperial

Miscellaneou

Ord-07 1.

Urilish Oxspen Cinedian Pacifle Dunlop Rubber C-28. Hongkong &

who anawunced this in the $1! House of Commons, said that unless sceral att ps were taken there would be a very roof shortage of younger pilots ofter 1981,

The Gozes Bent ad Unrier- taken to help run the college finantfully. It would, contribute C1,000 of the £4,000 requiral to train each cadot, The spon- rors would pay, the resti

Ga-134

Imperial Chemical Lyuts & Co -82. 34. Unilever Lid-701 415d.

Paper

Dowater Paper Corp Ord--a 24.

Radio and Electrics Associated Electrical- 60. Electricalect

Musical-23: 4 English Electric Co- . General Elegirls-32» Qu.

Blupping Indo-China; Sterm Nay. Co. det Strain Navigation der ond

State grants to the cheme, including extra help of the start,; were estimated to total

100,000 10 £120,000 a year-ord-356. China Meil Special.

Modern Pilot

·

Cutter Launched

Stores

Great Universal Stores "A"-37 Marks & Spencer Lid-03 1044d. Woolworth F. W1 & Co-63. Textiles Coats J&P LE-29, 03. Courtalios Ltda (d.

Kines Angio-American Corp. of South

ONE of the most modem pilot Aleance T4.

Cons Goldfields of South Africa

cutters in the world was (-nos 3d.

launched recently at Appledore Cons Zine Corp. Ord-Ela,

In Devon for the Swansen Pilot-

De Beers det-130% $40.” Free State Development & Invest. Honka4 $154.

Yelling Tin-s 34. Hand-Pia 04.

Ikipta

Cona Lid-1

Goldmining

more than its fair share of the burden of restraint."

"Apother important aspect of Soybeans, No. 2, yellow

the Imatediate outlook à pres- sure for wage increases. Further rises in the consumers' price in- dex, and sanall wage increases in isolated cases, have occurred. Farther addition to costs, at this

and act stage,

to the underlying particularly in the difficulties, primary industries," Gays the Survey.

Yesterday's Closing

NAV. Jan.

Barley,

2301,1

22011

Sport

120-133

New York flour

200 lb, anck

$12.706

UJI.

COTTONS

Textlin

4.70 4.00 Nunyang. $20 0.40

cloring

Exchange Rates

Ingers nafiicial

was done in the local exchange Inarket

Comm. future pries index

Closing Prices

Aglubi Power & Paper this Aiden Los

3.73 Algonia Sterl

Corp

Allied Chemkomiss

13.03 Allied Mills ne

i morning at the following ratesise

U.S. delars (par $1) ***** Stering notes (per £11 Australian naten per 11 Indonesian rupiah (per 1001.. From ticals (per 1009 Singapore

(straits)

Arn. Brake Shoe

Ameren Chilie & Radin Corp.

COMMODITY PRICES

RUBBER

NEW YORK

Rex rubber futures today closed 5 to 50 points lower with nales of 130 contracts,

Closing prices

May: 30: Juls: 39.20 Sept: 38; Nov: 23,63: Jun: 15.45; Atar: 33,25; Mar 25.05

July/September

General mackel of banda, porta:

May, June and July

Etute crepe thin Jun

124B All Chalmer

0.15

26.42

Amerlern Altkne

151

Americas Cyznamid Co,

Aaner & Förga. Power

31.50b

เว

Am Gas & Elentric

Am. Rune Prod.

Ant. Mark, P Fury .. Atur Natural Crak American Metal Amerkan Seurling

Am. Hugo Rx.

Amurican Teh & Tel American Tüb, “B” Anaconda Cupper Armed Steel

Annour

Atlas Com. Miziins Italdwin-Lima-1an.

Baltimore & Ohla

Doneficial Finance

Benguet Cons.

102,120

102.00b

Blends Aviation Corp.

Boeing Airplate

Seificient house termi

No. 1 ss at .....

2011-29

Lopper Miny

2034-2014 Til

July May July

| October/December

291-9

LONDON

Chick June

Closing prices were:

LUPI

Buyers Sellers

Spot

2-month Copper Suul

70315 704

704

3-month

Prices inaped LütkTM In a convincing manker, traders thought, following a werk start when the market plummeted more than a cent rund under weekend accumulation of liquidation and speculative stop- London- lose selling. Lower Singapore cables

the mosily cited reasons, but othur market analysts thought the situation

"technically Was vulnerable after Jod week's to the highest level upswing in more than two, years. Spot No. 1 Hss was quoted at 303% cents,

were

COTTON

NEW YORK Closing prices were:

ור

2wad ist half

Bethlehem Sterl

Borden (The) Co.

British Amer Ol

| Burroughs Add Machine

Calif. Packing Corp.

Commpbell Soup Co. 784% Canadian Pacife R.

Care (31) Co

2004

Cat. Tractor

Celanese Corp

CIT. Financial Corp. Chase Manhat. Bank 1295 @birynter "Motors

Cluett Peabody Colgate-Palmolive Co. Colombian Carbon Co. Commercial Credit

Ze 1st half

May

772

772%

AUK.

TE

34.25 nem. 35.01

-UPI.

34.85

3129

12.75

ZARABAZEA

SIRAGERER

SUGAR

NEW YORK

World No.

4 sugar futures

closed today, 1 to 3 points lower with sales of 298 contructs.

Domestic No. 4 sugar futures clused on point higher with sules ut 125 contracts.

Contract No. 4 (world)

Spot

Mary

des

Oct,

Dec.

Afar.

May July Del.

NEW ORLEANS

Closing prices were:

Spat Mog

34:00

Oct.

Dec.

Mar.

May

AMSTERDAM

el.

The rubber merket was

all regular today, prices, eli June closed in guliders, per 50logram, as follows:

ir.

LIVERPOOL

Closing

May/June

Jan:

72.15

22.145

July/August

Kia, rubber

2.88 nom.

October/November

21.05

No. 2 rubber No. 3 tubber

December/Jani ary

21.40

March/April

21.40

No. 1 crepe

3.05 nom.

May/June

21.03

Mixed Contract

SINGAPORE

May/June

22.00

2.05

CPI.

2.60 nom,

28 nom.

sing prices were July: 2.99; Sept: 251; Oct: 254:

July/Augus

Decarbor/January

The market was down Ave October/November cents at the opening on the

March/April Knnouncement by CSA und May/June fluctuated sharply" 01 nervous market,

There was some intercet for lower sheets but sullors were reserved. Futures: No. 1 rubber por Ib.

MAY Jun

age Authority. Built by. P. K. agni-11 Harrier (Shipbuilders) Limited,

No rubber per 1. Appledore, on order from Sca-

No. 3 rubber par lb. work Limited, London, the £100,000 75-ton cutter will be

Ko. rubber per lb. equipped with every possible

May Naled

rubber sput modern device-radar, echo sounding equipment, ship-to- "West Rand Cons-Bas, Pijd.

Blanket crepe British Bornea Petroleum Syndi-No. 2 pale crepe......

shore and chip-to-ship radio.

Souther

t

Union Corp-894.

196

Woes Driefontein

loyd.

The cutter will be powered cat 74

by two 480 bhp engines, driv- ino angle serow, wit will have accommodation for a crew of six, and eight pilots.

British Petroleum Co., Ltd-500

Burmei-29 d. - Koyal Dutch Petroleum-10: Shell Transport trading saimbeuter."

BAO PAULO

All prices unquoted today.

In

the United States, ho average price of one-inch cot 10 L 14 designated spot mar- kots was 34.63 remts,

Total mies were 10,188 bales. -UPI

METALS

13.17: Mar: 3.05; Mayt 307

July: 3.01: Sept: 9.11; Spot-(cenia

per lb. tab Cuba): 2003.

Open Interest: 1503 contracts.s

Contract No. 0 (domestic) July: Bat; Bept: 4.03: Nov: 6.45: Spot (cents per lb, elf NY ex-duly); 0.70.

Open interesi: 4,201 contracts-

FOREIGN EXCHANGE

NEW YORK

Closing rates word; Canada England official

90-days

Other unchanged.

1031-193 303-1007

901%-100%

pa-99 103-20346

07-00 103-10714

LONDON

NEW YORK

Closing prices were:

20 pence per lb. Prices:

The rubber market was un- certain with spot quoted 1

Lond

May

11.49b

·July

Zing

FLETO 10.400

V

July

Others, sinabanget,-UPT.

LONDON

Closing rates were:

New York Montreal

Alnejerdan

Contalgen

TAIHAT Continental Oll of Del. Crown Zeilerbach Cuban Amer. Sugar Plamond Alkali

Dlamurd Gard Duminkin Stores Douglas Aircraft Lkw Chemicals Dupont de Nemours

Eastern Airline Eastman Kodak

Paro Nationa)_Gas Family Finance Corp. Firencro Tyre de Rubber First Nat. City Dank Ford Motor of Cana

Ford Maior General Dynamics General Electric

General

Foods

Gen. Push, Up,

Gen. Tyre & Itubbe Georgia Pace

Cetty Oli Ukeden Co.

Goodrich (2.7.) C.

| Goutyear Tyr' .... Grumman Aircraft Gur Du Hammand Organ Heyden Newport Comp. Hamesake Muning Co Llenambranleig idiho Power**** Empreint 05: Ingersoll-Rand

Inland Steel Co. Interchemical Corp... Int'l Buscem Machlesen Inti Harvester

Interrottanat Nickel internal|onal Paper YOU TYR. Tel.

John-Manville Co

Kutter indust

Kinas C. Power & Light Kernwooll Copper 1.03 23/31 Kenberty Clack____

2.01 10ggetz Mayern Toă, Ca, 21 11/2lly Tullp

2014-2014A

3771 7/10-6,71, 1/16|

100295-19.4

19.39100

Lockheed Atroraft Loews Intern. ****** Lone Star Coment Co. Lowenstein & Sons, McDermott J. Jay McDonnell Aircraft

Block Exge) mikon Mozabi Iron Corp. Minnesota Mining Mission Development Monsanto Chemical Co.

€25,03

103 M

01.14

213 Z

84.37

151.34

والله

وي و الحكمة

144

2736

PASSENGER/FREIGHT SERVICE

PENINSULAR & ORIENTAL S.N. CO.

OUTWARD,

"COROMANDEL"

LBAVER U.E

Balled 10/4 Sailed 20/ 11th May

DUS II.X.

1st Juno

int Jus

11th June

17th May 3rd June

20th June

3rd July

"CARTHAGE" "SURAT" "TINJARRA" "CANTON" "SOUDAN"

"SOMALI

HOMEWARDS

**BINGAPORE" "CARTHAGE"

"CANTON" +"PENJARRA"

"CORFU"

*"SOMALI”

"CARTHAGE"

* "SINGATORE"

2011 May 9th June

LEAVER IX.

3. 18th May

9 p.m. in June.

5 p. th July Nung linh July 8 p. 31st July

5 pm. 18th Aug,

3 p., 28th Ave.

7th July 1504 July

DUE LONDON

23rd June 7th July eth Aus 1715 Aug.

1st Sept

Sept.

zur Beyt.

Via S'pore, Penang, Colombo, Bombay, Aden & Pt. Kald.

abd

"SOMALI" unit Colombo Bombay and extend' to Bamburg, Rotterdam & Antwerp -

↑ "TINJAKRA" proceeds B'pore, Aden, P. Bald & London," thence to Hamburg, Rotterdam & Antwerp,

--- BRITISH INDIA S.N. CO., LTDE:

"HAVILDAR” due 22nd May from Calcutta, Chitta- gong, Tangoon & Biraits walls 23rd May for dapan

Fispor iz Suffol 8th June for Japan

P. & Q./B. I. JOINT SERVICE "UMARIA"

"OZARDA“

"ORBA"

due 13th May sails 14th May

from Japon

far Singapore, 'Penang, Hombay, Karachi. Dubai,

Baarab Kuwele,

Khorramshahr

&

due 20th May from Karachi, Dombay, '

Coeliin. Tullcora Singapore kallı 27th May · (or Japan

dule fill Juna from Japan

all th June for Singapore. Bombay,

"OZARDA"

due 24

Karach Dubai, Ku walt, Barali & Khor« ramshahr

Juno from Japan

salle 20th June for Blagspare. Perang. Medras, Cochin,' - Bora- bay & Karscht

EASTERN & AUSTRALIAN $,5. CO., LTD.

"KARMALA" fonda zis: May

BALE 22nd May for Bydney de Malbourne DINKOT

"NELLORE" loads list, May

sally 2014 May

for Labuan,

Bandakan, Brisbane, Bydney, Mei- bourne ind Adeltõe

-All vergula bare merdy to eat at any ports on or at the route 'm'the ranta à sailings are subjech to change by Amandment' with or withoni kolica,

for full porticators apply to: MACKINNON, MACKENZIE & CO. OF HONG KONG 370. Telephone No. 27781-4,

*

Fir