1959-06-09 — Page 9

China Mail 德臣西報中國郵報 All

NSPORTATION

Million - Pound Port

For Hull Development

NEW port facilities at Hull, comprising a wholly reconstructed Riverside Quay and major developments along the south side of the adjacent

Albert Dock, were formally opened recently by

H.R.H, the Princess Royal,

Apart from the new Riverside | Quay, the works include

The port of Hull, with dorks

the and works covering seven miles

quay fueing Albert Dock, seven

lag, and

a system

* THE CHINA MAIL, TUESDAY, JUNE 9, 1959,

UK-PEKING

HONGKONG

EXCHANGE

TRADE AT STOCK RECORD HIGH

London, June 8 Trade between Great Britain and China is stil! at

record high in spite of reduced new orders, Busine dane on the Hong-

kong it was reported here today.

Block Exchanis thi Brit in's exports to China moning amounted to approx

mately 1516,000. Nom quota- during the first four months ions and the morning's an of the current year totalled actions:

OUTFLOW OF f 400,000 Rainst 33,767,-

AMERICAN

GOLD STOPS

London, Juno 8.

the

FC Bank

Lombard Waterboat

000 during the correspond- BANKS ing period last year. On INSURANCES the other hand Chinese im Union.. ports aggregniod £6,259,000 against 4,301,000 last year. British "exports were mainly iron and steel. £2,451.000 wire, £2,084,000, and Коррет machines, 1,018,000.

year before.

Chinese Imports bristles £1,551,000 cachemire und ducts.-AFP.

A big drop in experts of woel The outflow of gold from the tops was registered at £340,000 of the Humber river front, hus

United States which trail-worth against £2,194,000 dur- trangt sleds, a passenger build-long been amongst the principal

ed off a month ago has in the corresponding period a of runds, ports of the country for value

of trade in foreign imports, ex- stopped completely in rallways and other facilities in-

ports and re-exporis, Over 8.- cluding eighteen whart cranck.

past fortnight. 000.000 tons of Import and ex- coast- The former Riverside, Quay, | port trafle, foreign and

Foreign central banks are kill reserves, lo length. frouting wise, passed through Huh Jax heavily gaining dollar 2.500

16 The River year and the value directly

Its over- but they evidently reteala frog Humber, was completely

cies- Beas conumerce was £382,000,- converting them imo gold troyed by enemy action in 1941. 000 so that I ranked third in either for their own account or the United Kingdom after Lon-tor arbitrating in the London The works which have been provided, at a total cost don and Liverpool. of £1 million, will contribute valuably to the facilites and amenities of the port of Hull.

REPLACED

now

A length of 1,005 t of the ol Rivonide Quay at the eastern nd has been entirely replace: in pen, paled remförved con- rente consircetion, with a depth of War of 19 16 Ins at the

Liderl lowout gring

Over

PAA Jet Service

To South America

Miomi, Juno B.

gold market which accordingly holds sightly above the US. oficial selling price.

In the week to last Wednes- bunks day, the foreign central gaitied as much as $123 million at the Federal Reserve. They added all of it to their dollar to their helding ($66 millon dollar balances and $57 million to their portfolio of dollar

none of im

SHIPPING

Wheelock

Pago

Stock Values Slashed

Again In New

York

New York, June 8.

Stock market values were slashed another $4 billion when

a day of routine selling was capped off by a late drive that cut prices of leading stocks by as much as fire points on late tickers.

The market, timizin | Kenner Copper Aoughout the day, brake when by cack Loren

| Lagnets "Megrens Tob. Co. Ely Tulip

The Sicure paused a gir tending for another year the item Ind....... Bayars Sellers Balas

Korean War corporato and Lockheed Afreraft 630 *** 100 @ 0675% (ienceline tax · rates, with

Senate approval expected to follow 12 શા

nOCKR, ETC.

K Whart

Dock ...

Talkoo

LAND, ETC.

Hond

jus and. * 33

BUDER

Tawah

Star Ferry 15

300

$20

27154

500

1.90

shortly.

interest

own Incorp,

2001 Standard en

cake Standard C2"ge (Qal. KINO BLADdard' Qu sĽAN.

קסי

standard of "OETEN, ... Steep Roçki (Tdronto Xxge.) 3095 Sterling Drug. Co. te

Blokely-Var Camp. 334%

Rtone & Wabiter Studebaker-Packard Corp.

Lone ber Cement Co.

McDonnell

me on

371

Mobi sten Corp.

13714

Textron, Inc.

Mock Ex#.)

While widely anticipated, the Minnesota Mining exienalçin, coming on top of Pre-¦ Milation, DevelopmSIT sident Eltenhower's request for Mats Chemical Co.

Montgomery Ward inerea soci

rates

Motorain Ino. ... moving bands, removið of the National Blacuit Co interest restriction on Treasury Sational Cash Reg. "A"

National Dairy Prod boost in the National Les socurilles and 300 g 33 Fiational debt ceiling, ofered an | Netlengi Steel Corp.

excuse for profit-taking in a New York Central

Noranda Mines Lid, market, where there was little inclination to support a further advance.

2004

comprise

soods, oil chetnical

Humphreys Stealfy..

15.40

1.55

Amal 230 200

3000

*3) 3.16

pro-

UTILITIES

Tran

€90 dr

Yan

200 107

100 o

100

400

C. Light 17.00 110 1000 Feetrie .. 27,20 2016

Telephone 31.30 20 40

17.00

400 47

600 4

Chicago Grain Prices

Chicago, June &

All prices in cents per bushel: INDUSTRIALS Wheat No. 2, red

112

144

530

9.10

1201.

1221-123 120-14

COTTONS Textiles

Nanyang..

MISOFLANZOUS

Vibro

INVESTMENTS

I.K. & E

Inven... 12.00

1000 20,33

Norfolk & Western By.

North Amer. Avtallen

North-west Altlines (Com.)

Olin Mathieson

O Elevators

Sunshine? Mining

Swift & Co.

Tekar.Co

Thlokol Chem ....

Tide Water Azen, Öll

1111, Tri-Con), WarranER

6714

12714

321

The Tic.

Twelieth Century Fox Fitm

Valen Carbide

Union Oll of Cal

Union Pwelle etway

United Aircraft,

United Trust

United Gas Corp.

U.B. TO "B" UB. pum US. Rubber

B2 TTS

4318. Line Co. U.S. Bolling 724 18. steel

351

Merger Plans

Owen-Bavis

lais

Oxford Paper Cu

Pacific Gas & Elec.

Pan American Airways

| Paramount Protüren

483

Parke Davis Co.

Pen. Ball Co,

cany. C. Cu

American

Phillip Morris

Pitney Bowra

A fow issues moved in Hoe with individual news develop

menia

Aviation

North

spurted more uan

Procter & Gamble Co. three points and held over A Pittsburgh Plato Gla point of the rise when merger Publieker Industries plans with Foster Wheeler were Pure Oli dropped. The latter fell more Radio Corp, Pret than six points on the day.

Blue Chip

American

Raytheon

Republic Stee)

Royal Bank of Canada Tele-Bora, Roebuck & Co.

Sell Oul Co.

Saint He. Pater Behenley the.

phone, off 11⁄2 at $79%, was the Safeway Bloros day's most actively traded issue, followed by Foter Wheeler, Aluminium, off a point at al, and by North American Avin- tion.

500 24.30 208 30.30

100000

Comment..

31 1000 or

BOO

Spot

155 nuin.

$100 0 J03+

Sept.

7072-5

STORES, ETC.

Dec.

Mar,

ID3-14

Dota

Katry. 10.10 10.30 Watson

1009 10.20

May

Lane, Crow

$4,70 17.90

000 37,20

Coin No. 2. Fellow

Kwang

5. 1.

130

July

Sept

Dur

Mar

May

Пус

U.S. Kuld

July

Seal

Onik

Judy Beot

(312

Boybeank, No. 2, yellow

Sput

230 run

Bept

exy321-12 712-

Nov.

Jan.

21221

the Local Business was done in unoficial

THR exchange market inorning at the following rates:

actions.

ALT.

285

Barley

US dollars (per BI)

5.75

Spot

Bierling notes (per £1)

15.29

120-135

Auritalian notes (per

12.03

New York flour

Indonesian rupiah (per 100)..

4,20

500 ib, sock

$13.10

CITY LIGHTS

Blam ticals (pre 100) Singapore (Straits)

24,70

1.31

DAN American World Air-[ammets) and took

ways announced today gold, 40 ft at the latest bight water, will begin all-jet passenger In the corresponding (seventh) with three transit sheds each [service between North and week of last year's 280 ft long and 82 11 6 ins wide. South America on July 20. outBow and in the corresponding The sheds have

interior

Just year, calendar werk of The airline's Boeing 707 jets their gaine of dollars were headroom of 20 t and sliding doors at both front and back will span the 5.444-mile route much smaller but they then 18 ft 8 the wide and 18 fi 8 Ins between New York and Buenos took respectively $100 million

There is a width Aires in 11 hours and $5 and $50 million of U.S. Rold. clear height.

flying time. The China Mail Special. of quay of 23 ft at the front of mintiles

pinn wide 575-mile-on-hour the sheds and a 10 ft loading platform ut the back carry 110 passengers--10 saved by two lines of railway class and 70 tourist etanz track,

Stops will be made nt Carocus, Venezuela, and

Melling stop also will be made at Paramaribo, Surinam, until completion of a longer runway at Caracos-UPI,

The quay itself has no rail-Asuncion Paraguay. A

will be

way truck, so un entirely un- obstrucad working

and nvailable, equipped with and portal

cranes.

thres 7-tun 2:1- six 3-ion capacity

lufting level

electric

A new quay of open piled relu-, Low Level

forced concrete construction has been provided on the south side,j

1,513 ft tong

Quay

of Albert Dock,

40 EL further and extending into the sock than formerly in order to give additional work- ing space. Four sheds are pro- vided, each 288 ft long and

wide, similar 02 fing those on the Riverside but with the sliding doors 10

ins wide and 18 ri, high. The 40 ft width of quay in front of the sheds is provided with two lines of railway track and will be equipped with eight 6/3-ton and one 10-ton capacity hutting elce- semi-portal level

trie cranes. There is also a 10 It wide loading platform served by two lines of rullway track, as in the case of the Riverside Quay.

FEAT "engineering

Bl Lisbon,

altimeter widen part in the

will first

Altimeter

of electronic shown at the radbo

plays a vital bind

landlun ystem and can

measure the height of an aircraft down to two feek Operated on a pulse frequency system, the milt-

meter has an accuracy rating which permits a low srole of 0-5,000 only.

At the east end of Riverside Quay extensive secommodation has been provided for passen- gers entering and leaving the port, with all necessary amenl- ties for the passengers them- solves and for Customs and-im- migration procedure. The pas senger bullding is in contem- with porary style, constructed reintateed concreto frames and pangiled with glass and brick.... m Great attention has been paid to interior detail, which is also in contemporary style, and extremely line mural, the work of full ärilst Mr Dennis Booth, depleting the traißé

the

all

Humber from the Viking long ship to the present day, hus been provided in the waiting room.

MAINTENANCE

mam

was

Considerable attention- given in the design of the works to reduction of maintenance, The new guys are founded on precast prestressed concrete lles made up of three sections,

and the

centre

Yesterday's Closing

wouldn't* xuy those [." }

shares you recommended were a complete lOTU,

old man. We managed to pet quite a pleasing ofcol with the certificates in

the guest room."

London Express Berrion

Exchange Rates

LONDON MARKET

CLOSES LOWER

London, June 8.

The stock market closed lower today under the lead

of industrials.

Gill-edged securities register- į firm opening. Other base metri ed the lower trend and falshed | shares were dull. generally unchanged

Olls were narrowly mixed

A long list of industrials in- UPI.. cluding brewery, store, en- shares and motor gineering suffered extensive falis.

German bonds were dull in the foreign bond market, Dollar stocks were mixed.

Gold

slack cased after a

COMMODITY PRICES

COTTON

NEW YORK *** All prices in cents per lb. Spol: 30.23 nem: July: 34.15 Oct: 32.47; Dee: 32.40: Mar: 32.80; May: 10 32.30; Or, 2031

NEW ORLEANS

All prices in cents per lb. Spot: 34.00: July: 34.74: Oct; 32.40; Dec: 32.47; Mar: 32.10: May 32.90 July: 3 Oct: 30.31.

LIVERPOOL

All prices in pence per fb.:

American Contract July/Aug: 2333; Det/Nov: 21,45; Dec./Jam: 21.25: Mar/April: 2120 May/June: 21.45.

Mixed Contract July/Aug:

Oct/Nov: 23,03: Dee.Jan 21.00 "Mar/Apr Bay/Ju11; 21.40.

SAO PAULO

No. 2 June

Nu. June

No. 4 June

Blanket grepe

Spot pobre unitsled...

3 month

Closing Prices

Giltedged Bande

British Transport 3, 1978/38-- 07-1/16.

Consola RIIAO,

Canpols, 1-74-7/10

£03-137716.

Conversion

Funding

LOAN

Sinclair bit

pot Paper

Bath, Calne & French

Harony Mobil Dil

Bolar Airth ......

Bouth Purito, itico, Bugar

For most of the session trad-Southern Colou Ing was slow (the first hour the Southern National G lgbtest since February 12) but Southern Railway (Can) just before the close na the Delling accelerated reporting tickers ran As much as four

foor manes behind

trans- Turnover totalled

2,870,000 shares.

Of a total, 1,232 shares traded,

200 were higher and 858 lower.

American Exchange volume was 1,470,000 shares.

Bonds volume amounted to $6,150,000 shares.

Dow Jones closing were

30 Bachantesats

05 Mos

50 and

Cyntax, future priot kodex Moody's knöRE

Averages

Closing Prices

Abitibi Pwr. di Papar Alden Inc. Acy:

291% d

4215

Alpoms Slee

Allied Cernicaly

Allled Mills Inc.

Allls Chauners ..

Am Brake Shoe

American Airline personne

American Cable & Itúdio Corp.

American Cyanamid Co.

Amer, & Forgn, Power

Loan

19:9/09 3%

Funding Stock 35%. 189/2004--- £71-9/10 x0.

Funding Loan

1900/90

Bavings 3% 1935/85-£91-1/10. Seving %, 1993/70-20-13/10. Savings 35. 1900/75–170-1736. Barclay's Bank "A" tid ord-sle

Chartered Bank--48a. Ingkong-C10}",

Union Insurance Canton-#435..

ALFCIATE End_ Motors ·

British Motor Corp.

W!%-59

075-80

3-month Copper

700

70014

237!*

207७

101-071 10045-30045

Zine at half

T7 7014

tryd.

„LONDON...

Lead at half

609

Sept.

--- UPI.

No. 1 pals crepe

All prices in pence per W.;

No. 1 R apot

2016-281%

Settlement, houuso.ierp.

July/Bept

Out./Dec.

Jan Mar

April Juris

29 201-20 2833-20

Generel markets, c.l.t, basla, ports:

Juty

Sept.

Estale crepe thin

July

Estate crepe thick

July

2836-21 231-19

30J1

30%

AMSTERDAM

All prices in guilders kllogram, c.lf. June:

No. 1 tubber

No. 3 rubber

| Na, a rubber

21.20:

All prices in eruaciro per

July 30.00.

the top and bottom being short kilo. solid unita section Hollow. The three units Average price in US. at 14

ore joined and stressed to

designated spot markets; un-

gether by high tensile steel available. Total Aales 9,949 bars, extension pieces being [bules-UPI.

added as necessary. Rigidity is imparted to the quay structure by The 180 ot built-in -rectangular precast reinforced

concrete frames both transVÉTÉĆ- ly and longitudinally, and sa order to avoid expensive shut tering over the water the deck Is constructed of precast

00}}- crete unfis.

To absorb

wort the impact of ships

- during berlining operations: a

Bexible tendering provided consisting of how Greenheart piles, supporting horizontal wal- inga! and rubbing, strips, which

RUBBER

No. 1 erepe

June

Sept

SUGAR

NEW YORK

All prices in cents per lb.: Contract No. 4 (world)

Ford Molor. Co-Ex #C.

Breweries Dillery CD-~200. 415ch".

Balding and Materials Associated Fortland Cement-05

"Pinchin Johnson Amodistes Ontw 22 150.

Loal Steel and Engineering, Babcock a Wilcox, Indiás 5d. Vickers 291 16.

Food and Tobacco

British American Tob, Co. Lim

Imperial Tobscen Co., Ltd-80s #d.

MiscellaneqLE Oxygen

Brilleh

Ltd. Ord-578

Canadian Pacifle Ry—$32/4, Linien Rubber Comel Del. Hongkong & China Gas-13 Imperial Chemica)-774 1990. Lyon & Com70%, Unlever Ltd101 74.

Paper

Bowater

Peper Corp Ord-4)s

Radio and Electrical Asociated Rectrical-50% Electrical & Munteni-513 46. Pulish Electrip Co-429 D. General Electramazs vel.

July

Sept

Oct.

per

200

Зал.

3.03

May

301754

2.18 nom.

July

3.00

22.08

2.73

284

2.13 noin.

3.00 mt.

Open interest: $550 contracts,

---UPL

Contract No. 6 (domestle)

July

Sept

Nav.

Mar

METALS

Closing

per lb.:

Lead

July

Bept

Line

NEW YORK

future closing | vs Rex rubber prices, all in cents per lb.:.

July 84. Copper

Sept

"July

NEW YORK

prices, all in cents

July: 24.78; Sept: 30.00; Del: L-traded b-bid.,” 33.50; Nov: 54.30; Just 5: Mar:

10, May: 120: July; 33.55.

SINGAPORE

LONDON

10.43b

10,700

30.526

30.200

101.10b 161,000

Sep. Cebol Bigot-1.1.0.

Spot-(CA4. N.X, ex-duty)

8.82 or

Inclo Ching mà Shan Na. Có th

220.

50 F&O Bleum Navigation det ord 3,09 |--359,

Open interest: 4,005 contracla- UPPE

FOREIGN EXCHANGE

NEW YORK Closing rates: Canada

LONDON

Cloding rates:

New York Closing peless, ¡ull' in 'sterling | Prestresi-

Copentagon Parla

All prices in Stralis cents per per long too, unofficial afternoon armis

diriribile bestblog impacts, thelbi tạib. Mainyah: ports: -

whale beat cushioned from the deck by rubber cylinders.

No, "1. SunE

100-1001

Dession:"

[Buyer` Beders - 380er

100%

-2.0% 0/10

Borne

Great Univerist Store ""BES

"Marks & Spencer · Ltd-156. 34,

Woolworth F. W. & Concu 3.

"Terties"

Conta 3. & P. Lideała Tid. Courtaulds L450371 01.

Anglo-American Corp of South Africa 1200

Am Ga de Electric

Am Home Prod. Am. Mach. & Fary; American Metal Am. Natural Gas American Smerung Am. Sugar Bet, ..

America Tab. "B" Anaconda Copper Atzco Steel Armour

Atlas Copa, Mining. En timore & Ohio Bank of Montreal Beneficta! Finance Send Aviation Corp. Benguet Cona. Bethlehem Steel. poging Airplane Borden (The) Co... Ekarroughs Más Machine Britüh Amer. Oil ..... Calli. Packing Corp, Cao Dk of Comm Campbell Soup Co. Canadian Pacific Came (J. L.) Co. Cat, Tractor

Celance Corp

Cllr. Financial Corp. Chano Machat, Bank' Chrysler Motor var Cloett Peabody ... Colgate-Palmolive Co. Colesbian Carbon Co. Cummercial Credit Consolidated_Edison Contimental Oil of Del. Grade De........ Crown Kellerbach Cuban Amer, Bugar Diamond Aiksil Diamond Card Donsdalen Stores Douglas Aircraft Dow Coversace La Dipant de Nemours Kastern Airline

Carmen Kodak-

ka Phan Tiational Ges Family Finance Corp. Fireman Tyre » KubbWU Fist yet, City Bank Ford Motor Co. of Cana. Jord Motor

Georxia · Pacifo General Dynamic General Leg General Yooda Games Motors Gen, Pub. Ch.

Cons Geldbelde of -Bouth Africa.... | Glas. Ty

Cons. Zine Corp. Ord—the 735d.

De Beers delmiste 100.

Tyes ginto Development - & Tuenate

Pettine Tinedo 109)

Boulber iinta Cons-

Union Corp-Eds $114,

141 3d.

"West Rand Conse

British Borneo Petro Britists

Batty

KAMAR Co.

Rubber

Cipedrich (B, 7.) || Elbajaur Tyre

Drammen Aircraft

Hainand Orgen ****** Herden, Newport Corp.

Imperial (11

toiand Steel Co.

113020

541.

40%

UB. Wel 7 S.C. IT Mattie Bro

Warm Molers Westinghouse Alt

westinghouse Grie

Western bestow' Tul. Co.

West: Va, grup di Paper Winn-Dil Stores

Woohyurih (K. W})

Zenith Radio

London Freight Market

ing

London, June 8. There was very fle churter- enacted .on the Baltic Exchange today, but several bookinga wore reported from world 'contrO9,--UPI.

POBI

COMPANIES

PASSENGER/FREIGHT SERVICE

PENINSULAR & ORIENTAL SİN, CO,

OUTWARDS "SURAT" "PINJARRA”

"CANTON"

"SOUDAN"

"BOMALI"

"CORFE" "SALSETTE" }

HOMEWARDS

"CANTON" "TINJANKA" ± "CORFU" *SOMALI" *

- "CARTHAGE”

*BUNDA"

LEAVES UİR.

Balled 12/5 Babe 12/

Ballest 3/0 Balled Mas 9th Juma 26th Juse

21st June

JEAUER_11.K.

E p.m. th July

5 p.m. 16th July 5 pan. Olet July

DUE BAK.

17th Duna 31st Jazzy 3rd Sty gth July

70th July

27th July

20th July

DUE LONDON

eth Aug

17th Aug,

Sept.

5 p.m. 28th Aut 2011 Sept.

2014 Бег

-5 p.m. 28th Aŭg.

3 p.m. 17th Sept. 1 Oct.

Via B'pore, Fenang, Colombo, Bombay, Adan & PL BRIG., → “PINJARRA“ procsoda Bipore, Aden, Pt. Huis & London, thence to Hamburg, Rotterdam & Antwerp.

**DMÁLF" and "BUNDA" omit Colombo, and Nombay and extend to Hamburg, Rotterdam & Artwerp.

BRITISH INDIA S.N, CO, LTD.

“HAVILDAR” due 14th June from Japan

~alle 18th June for Bingapore, Panang.

Chittering *BANGOLA" due 23rd June from Japan. ́"

foodingazia Dith-June---- from a yarn, Danang,

Hangoon & Calcutta P. G. Q./B. 1. JOINT SERVICE

du 14th June from Japan sasie 10th June for Singapore, Bombay, Karschl; Dubai, Bahrein, Kuwait. Bozrah

"OBRA"

"ORDIA"

"OLINDA"

"ORNA"

Kharra zuhair

due 24th June from Japan

salie 18th June for 'nempare. Penang, Madzia, Cochin, Boen- bay Karachi

dus 26th June from Karachi, Bombay,

Coción & Kingspor **33* 28th June for Zupan

dos 10th July

salle 17th July

frose Karachi, Bombay, Cochin, Tuticoria di Bingapore

for Japan

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

**WANKEN***

*KANTERN"

landı 25th June sale. 26th Juna'ter Brisbane, Bydney

Melbourza

End July · Fedi Acstralia antie 4th July for Labuang Bandəkan,

Brisbane, Sydney, Mel bourne & AdmMA.

All vemaja kare tiberty to eat at may paste in or off,tap kanta in the rod fu ik sslingý kře midJack to change we, somdoong with or diftabul'dating'

1959-06-09 — Page 9

Comments

Private Research Note