1959-06-11 — Page 9

Page

TRANSPORTATION

Made For Trading

To Great Lakes

A

SPECIALISED Corge

vassol, the Santona,

Tanker Takes Wine

From Chile To France

RENCH wine crop failures in recent your resulted 2,500 tons d.w. has been in an acute shortage of launched from the Aberdeen ordinary wino in France. yard of Hall, Russell and Co Arrangementa were made. to.j Ltd. She has boon construct-import two and a quarter mil- ed with the object of trading gallons of wine from Chile ama the oll tanker Chariton to the Great Lakes via the venus, which discharged petrol St Lawrence Seaway, and in Hongkong recently. Was has several items of special chartered to make the ship- intarast.

The problem of storage was to anti-corrosive not confined anchor; sewage disposal system protection: li was imperative special navigation

and pilot lights for Great Lakes sailing: that neither laste, taint. and landing boomw for trans should be imported to

the cargo. ferring seamen ashore for Lock Service.

These include n recessed maîn

ment.

nur

British Paints, Limited were able to give this assurance in The Santonia, ordered by The respect of their Epilux 4' coal- Dunaldson Line, Lid, Glasgow, Ings and the work of cleaning is a general cargo, open shelter-and preparing the surface of the deck motor

measuring tanks of 270 It lungth between them

applying pendiculars, with

vessti

moxt

Charlton Venus and the Epilux system IE breadth commenced at Rotterdam. moulded of 44 ft 6ins, a stepin)

'The Epilux 4 anti-corrosive moulded to the upper deck of stem is one of the 18 and to the shelter deck of reming developments 20 With the deadweight of

As a prolertive revut years. 2,500 tons she has a drought it for the internal surfaces of cargo tanks it offers a degres

L

of about 17 ft 10 ins

THREE HOLDS

"༔

of durability far exceeding that

In appearance, as will beef my other coating. seen, she is attractively modern, with the main

and

was

לוג

TITE CHINA MAIL, THURSDAY, JUNE 11, 1959.

STOCK EXCHANGE

Take-Over Bid HONGKONG

Controversy Rages In UK

By RONALD BOXALL.

Our Own Correspondent;

Stocks Advance Sharply. On New York Market

New York, June 10.

Stocks advanced sharply today with a whirlwind finish on

a late ticker.

Business done on the Hong- kong. Stock

Exchange this morning amounted to approxi- Net gains ranged to more points in Atlantic Coast Line, mately $404.000. Noon quola-thon three points throughout All other sections at the market tions and the morning's trans the list.

participated in the rise. wellons

All soutions of the nterkel Today's volume was 3,310,000 Lurtieluated in the advance shares. walch, enme after a long period of décline.

Sharon BANKS

London, June 10. Once again the controversy rages over the merits And once and demerits of take-over bids. again it is the anti-capitalists who are the s most vigorous in condemning the practice. even though they may be unwittingly advo- cating the scrutiny of tenure for inefficient mbr managements.

་

Thus we-ve a paradoxical "The question of justification

particular bids situation in which the cupl- of

should list lengt jullies the principle In the real majority of cases press" defends or at normally be left to the market. of the take-piver bid, while the the person who is prepared to opponents of "high finance" at- poy the highest prices for Lack i

shares would be allowed buy them."

City guals commuting from one desirable suburb read

In

the end the Important rule is The Financial Times that, "in

that bu board has an thherent right to control a business does not own."

Labour Policy

"

|

Undesirable

This does not

mean

10

that

every take-over bidder is acting in the company's-and there- fore in the nation's best in- lcrest. According

the Finanelul Times a take-over

Buyers Hellers

135 83714

INSURANCES

731

Union

BIPPING

Waterboat... 23.30 Wllottock

54 0.05

1-4316

DOCKS, ETC.. K: What!.. 01 Deck

Providrat.. 11.40

Talkou

LAND, ETC. HK Hotel

Land

Humphreys

Jelly RUBBER

Analg

THE

A. Tawnh Singala

UTILITIES

Trim Star Ferry Yalimal

Electric

44

20.33 20.70

139314

10103

1.80 1.00

Balen.

ક લ ણ

bo visi 4007 1956

000 5.00

100 100

500 27.30

1.30 2.40

2

3.18

200

27.50 28.10

150 20

114 1:7

104 105

32 103

27.10 27.40

60 ( 27.40

C. Light

Macao E Tel.

11.00 17.00

200 4 17.09

500 19.00

... 20.20 20.40

2300 V 28.3

333 28.30

1300 26,30

INDUSTRIALS

... 20%

31

300 # 30.70

500 20,35

2000

300 27 1321

..10.20

Metal 1 What sparked this con- STORES, ETC. troversy was of course the bid y

Watson by Mr Charles Clare's Scars 1 Craw

COTTONS Group for the ordinary capital

Textile Wolney Mato's famous brewery concern.

KO 31

300 10.30

1.325

16 14.30 14.30

17.00

4.03. 5.10 1000 5

5000 D 1.10 600

And that Mrs Harbara Castle, hid is undesirable if I s left-on-centre Sorialist, ad- designed to strip rather than to vocates a palkey that would develop assets or to foster have the effect of keephut in-noply or carried through efficient directors in control by by the purchase of shares over a Cement making the nation's businesses long period in varying nominee A time clause in the ngree.

so unattractive that no bidder names. auxilary ment made it Impossible to com

his right senses would want muchinery, and all the necomplete the tanks before sailing modation at the aft end of the

them. date so an entire team of con-

"We have ship, a raking saft

policy to lax nosed stem

tractor's

with mea, together and utser stern. There are es

capital gains which come SD equipment three holds and one

teisily to those, who own," she of between aboard. During the voyage deck, the hatches to the holds

Bext Labour Ciuv was discovered that insuficient said. The measuring 25 ft x 10 ft 8 ms, Egilux 4' was carried to com-

ernment would do its best to

MISCELLANEOUS 42.tine x. 16 It 0 ins and

spoll the look

Ch. Ent The battle of the ever-

for the control plete the job.

VIÐMI 23ins x 10

and each has only just begun British Paints Limited were increasing proffs,

INVESTMENTS fitted with steel-pontoun covers. advised, and they immediately

It is no wonder when state- side will doubllesy develop its | Int. Invest .. A notable feature for a shiperbied full Instructions to their | ments iļke these are made, that case over the next few weeks. Alle of this size

and type is the Trinidad Factory who arranged people who do not pretend to But on what little is know!

about it so far, the bid has been criticised even by those who'defend the principle of take-over-bids;

arc

fitting of winelies on houses to manufacture the balance "ör round the fore and mainmasts the materials required. with special winch cahs for the operators. Large mushroom type ventilators are housed ellher side of the musts. No. 1 haich is served by two 6-ton derricks; No. 2 by two 5-ton ot the forward end and two 7-tonment of wine. nt the aft end, whilst No. 3

This was own to Curaena where the Charlton Venus was

Bunker. on

Final paloting was completed in good time before he reaches San Antonio to, take aboard the Brst consign-

Thus the largest wine ship-

hatch has two 5-ton derricks at opent ever to be imported into. the forward end.

Europe was successfully accom-

Water ballast I carret inplished. The wine was declares? the double bottom and in the

by experts at Romen to be quite

fore and aft peak tonks. Fuel tree from taste, taint and smell;

Is carried in a cross hunker

the tanks were not affected by

forward of the engine roam and the wine,

In Nos. 2 and 3 double bottom.

Mi propulsion is by means of

S-dylinder,

J

single-acting

British Polar Milford Haven May

2-cycle

trunk

piston engine developing 2,000

-"b.h.p. in service.

-

Electricity

supplied by two 125 KW 220 Become Atomic Port

voit diesel driven

generators

and one of the same voltage`at :

40 kilowatts. arranged in

M'

хосло

se ulter ure the motor

MILFORD Haven, the South Wales port now be- forward of the main engine. being developed, may QUARTERS

the European come

ICITY LIGHTS

ERA

"Not Jones for chairman, old boy-he's vocak-loo easily dominated / "

London Express Nervios

Low Bids

For one thing the price bid for Watney Mana

shares

is considered far 100 low. They slood at Bis Dd when Mr Clore offered the equivalent of 60% each for them and they have since risen to 71s after being as high as 775.

This

can

be discrepancy adjusted but It would LOL satisfy those erilles who oppose the bid for reasons other than the price. Their objection is that there is not the slightest sign that the present Watney Mann board are not doing the

Nanyang

73 23.30

0.00 4.375

Chicago Grain Prices

9775

Of a total 1,211 Issues traded, (853 were higher and 194. lower, Americhn Exchange volume

was 1,250.000 shares.

г

Chemicals starred on the re- covery. These lesues had been werk when the market was la

tollspin not long ago. Da,

Bonds volume amounted to Poni

ncited three

polnis. $6,040,000 shares. Aluminium

issues also stock with Alcoa up 5 points. Inter- Dow-Jones closing national Nickel rose 2 points, were: Owens Invis Glass was up

50 Industrials 3. Nearly all the issues used rolls to calculate

industrial 13 fe 03 stocks average showed advances. An 10 kms

tho

Algoma Steel Corp. Alex Chemicals Allied Mida Inb. Ai Chamor

Am. Brake Shoe

American Airline Am. Cable & Radio Corp). American Cyananid Qu.

-Power Americ

Am. Toma Prod. Aun. Mach 6 F'dry. American Metal

Am. Natural Qas American, Smelting

A Steel

averages Am. Sugar Ter

aconda ran up 3% in the cop-Comm. future price "Index". pers, Westinghouse. Electric Moody's index rose more than two in the clec-

irical equipments.

Railroad issues

registered

galns running to more than two

Closing Prices

Abitibi Pwn & Paper Alden Inc. Acy.

American Tet & Tel "B"

American Tob,

Anaconda Copper

027.17

102,7

Armeo Slee?".

10.44

Armour...

210.87 Ats Colm. Mining

63.33

akiwa-Kana-Mam.

149.71 Baltimore - 310.39 Bank of Mephen) (b))

Benefelal Tidance ... Bendix Aviation Corp. ~Benguel' cons

Bethlon Steel

$241% Boeing Airplan

29 Barden (The) Ca.

Burrough And Machine, Brian Arer, Oll. Calif. Parking Corp. Cana. DH. af Comm. Campbell Soup Co. Canadian Pacific H.

LONDON RALLIES TO

CLOSE HIGHER

The stock market rallied

Industrial shares registered o long list of Kains on selective demand. Store stocks came 9.65 buck into favour while engin-

rering, electrical, motor und. aircraft slocks

main higher, Newspaper) issues con- tinued their advance,

New York, June 19. All prices in cants per bichel: Wheat No. 2, red

Spol July 184(L) 164 1809 Sept.

Gill-edged

were

securities were firm and quiet except for ind short-dated issues, which gased in places..

were most!

Dollar stocks

lower,

Gold stoelts finished

mixer Other base metals were mostly unchanged. Olla moved ahead under

leadership

the

Ultramar.UPI.

Closing Prices

Gledged Bonds British Transport €07

of

London, June 10. today to close higher.

Pinchla Johmaun Assoelatos Ord 21.

Coal. Strel and Engineering Dabrock & Wheck 445 30. Vicker 1tch=-30# fel.

Food and Tobacco British American Tab. Co., Ltd- 52 Dd.

Imperial

Cu.. Lid- 7-ս.

- Tubecco

Miscellaneous Brillah Oxygen Ltd. Ord--399 34. Canadian Facile My-$52, Dunlop Rubber Co—281 10:44. Hongkong & China Gom15%. Imperial Chemical--31 Det. Evons, & Co-77x 64. Unilever Ltd--100% for.

Paper

Cat. Tractor

Cetonese Corp.

C. I. T. Financial Corp. Chase Muhat. Bank Ibi Chrysler Motors Cluett Peabody ... Colgate-Palmolive

Co.

Calombian Carbon Co... Commercial Credit

Cursolidated Zakon Continental Oil of Del, Crane Co.

Crown Zellerbuch

Sugar

Cuban Amer. Mamond Alicali Diamond Gard Dominton Stores Douglas Aircraft Dow Chemicals Dupont de Nemours Zantem Airline Eastman Kodak

· |

El Paso Natural Cas Family Finance Cory, First Nat. City Ban Furd More...

Co. of Cona, Ford

Georgie Paelle General Dynuniles General Electric General Foods

General Matots

Gen, Pub, UN

Bowater Paper Corp - 40% 9.

Kadio and Firetileak Associated Electrical-

3d.

Firetrien Mustini- 30 eur. English Einetric Co—–41

Gen. Tyre & Rubber

Br.

General Electric¬32*,

Ahipping

..

10512 mom.

De

Mar.

38445-9% 1699 103-

Del

Corn No. 2, yellow

-Spot

23132

3. 10/03--

Consols 7% 31% Consola 44-74% Convention

Jiy

12812-2

465-13/14.

Sent

12016-1

Funding Loan

Loan J. 1969-

1959/05-

Delt

1132-13

83-13/10.

Mar.

117-110

Mines

of Anxin-American Corp Africa-103-1444,

Cons Goldfields, of South

Soulk

Kyc

July

best possible job for their Outst

1236-129 4214%

harvholders.

July

0436-64

Sept.

They see no reason to suppase Soybeans, No. 2, yellow that a group whose interests

Spol

200 pom

shoes, selling of

July

225

Sept

212-J

NOY.

209

Jan.

2123

M

21026

Harley.

Spol

120-135

New York flour

200 lb. sek

#13.10

-UPI.

4%0.

ter be experts gain the impression include the

In n bridge deckhouse are minal for giant, British-built that there is something dis-manufacture the engineers quarters on the atomic-powered submarines reputable about take-over bids machlaery, Por side with #comfortable dining saiton and lounge on the bringing Canadian oll

starboard ride

and the Arctic Deck odivers iron ore under on-the-bridge deck with Ice to world markets.

Onteer's i Chief Captain and quarters at the forward end. ! Announcing plans for the first

curko Wheelhouse, chartrosin, pilor's atomic powered

sub- cabin and radio equipment is on marine, the British Mitchell the boat deck with the funnel Engineering Group sald Milford easing it in to the aft end of Haven, now being developed the house. Navigational equip to take giant tankers and thetr mont is pamplete, including Gorge, might be the European India', ANTO comple the terminal for this" atomic freight sounder, the, usual radiu tetr. thuffle. graphy, dination finder and 4 Decea navigator.

Large-scale

an

being pinns In addition to being specially carried out will transform be industrially de- equiped for the Great Lakes port, in trade, the Santona will be use- pressed area, into one of the busiest and best equipped sea oliner ful

trades where medium size

ports in Europe. allows a large infitude to the number of ports THE JETTIES

In

visited. She is one of the first

can

moke

寇

of hosiery mining plant, laundry equipment and ships as such.

better job of .So long as a

Walney Mann's four company is running owned by its shareholders and breweries and 3,670 taverns.— Its shares are

the London Express Service. valued in open market by reference to its performance as a profi-making concur, Is open to anyone to offer to buy shares if he thinks the company's assets are auder valued and he can make a better jub of extracting profits tron them than the present directors.

Common Sense

This is not a sharp practice and it certainly isn't altruism. It is plain common sense, And I has been going on for a very long time.

Yesterday's Closing

COMMODITY PRICES

SUGAR

NEW YORK

All prices in cents per 16: Contract No. 4 (world)

The layman sees only the re- ships of this size built for her

Jettles to take the largest sult of a take-aver bid-and owners nad will be betive in unkers afloat are being cons- this is often that a

bourd of Great Lakes trading in the pre-tructed to feed on all refinery directors which appeared to be sent seson, and have a service on the shores of

Com- The Haven, doing a good job for its

July: 2.70; Sept: 283; Oct; 3.17: speed of about 12 knots.

planned to be in production by

Job

303; Jan: 1.00: Mari 3.04; pany is suddenly out of a the end of 1980.

July: 3.04 Sept: 3.63; Sp.to.b. and a new set of directors has

1931 concludes Cubat: 2.00; Open Interest: And he moved in.

contracts, go that top-hatted, gents who about their mysterious business In The City have pulled another lust one.

A sistership, Colina, is also on order for the same owners and the same trade,

Computes Take-Off

Another jetty is planned for [the largest ore carriers...

Mr E. B. N. Mitchell, one of the Mitchell Group's Directors,

round.Chnadian reaction to the

Weight In Seconds visited Canada Inst month to

AN exhibit of the Ulf Lisbon, recently was the Zabra plectronic computer,

"If this was

people dispossessed. In fact it is "The The first working model of City" itself which defends the

plan for atomic-powered sub-would expect who have been morines.

a machine now in service in the subinarine had been dubbed principle of take-over bld.

Britain and abroad."

Deinonstrations' included

Essential.

-July Sept

Estate Crepe thin July

tašek July AMSTERDAM

20-25) Oct

Dec.

Mor

May

July

Oct.

All prices unchanged.-UPI.

BREZAN

BRA

Brit

3d

finished

Closing prices, all in sterling per long ton, unontelal after- noon session:

Funding Stock 36457, 1900/2004– £71%.

Funding Loan 447 1260/90

£00%

Bavings 33. - 1955/93- £90%. Savings 3, 19:00/-251-13/10. Savings 1D6V/7N-£75-1/16, Barclay's Book "A" Lid ord-69%, Chartered Bank-464. Hongkong-rance

Union Insurance Canton-£415.

Aircraft and Motors British Motor Cnrp, Ord-13#. Ford Motor Co-654 40€.

Urewetter Distillers Co--204 34.

Building and Materials

Portland Cemen

Associated

LIVERPOOL

All prices in pence per ib.:

American Contract

Indo-China Steam Nov. Co. Jet ord281.

PO Stents Navigation des ord --32: Gd

Stores

Glidden Co.

Goodrich (H. F. Co.

Goodyear Tyre Granman Airerati

Gult o

Hammond Organ

Heyden Newport Corp onestake Mining Co

Great Universai Stores "A"-424an Refris.

Marks & Spencer Ltd-613_pd, Woulworth F, W. & Co-35¢ od Contaj & K--250 1150. Courtauld -80.

_745.

Cans, Zine Caro, On- De Beers def-1521 Free State Development &

ment 19.

Hongkong TN 1010 36, Petaling Tin 10. Southem Kinta 14d.

Africa

Idaho Power

Imperial Oil Inland Steel Co.

Interchemical Corp. Int Bulacan Machines Int'l Harvester International Nickel International Paper Int'l Tel & Tel

John-anvule Co. Kaiser Industry Kansas C.-Power & Light. Kannacott Copper Invest-Kimberly Clark

Cons Ltd-23s

Union Corp-04 1Vd,

Lipeet Meynis Tob. Co. Liv Tulip

lion Ind Lockheed Aircraft

Loews Incorp.

West Driefontein Goldmining-one Star Cement Co.

138 41 car.

West Band 101d.

British Borneo, Petroleum Syndi ente- od.

Petroleum Co., Ltd-Sis

Burmali-01 3d.

Roval 415-11/32

Dutch

Shell Transpart

36. Reuter..

& Trautng-134s

Loverrated & Sona McDerminit J. Ray McDonnell Alreraft

Stock Exce

Mesabi Tron, Corp Minnowata Mining Milan Developihent Monsanto Chemical Co.

Petroleum Montgomery Ward

Muturola Inc. National Biscuit Co.

National Cash Bee. "A" National Dairy Prod. National Lead

New York

Cotton Market

New York, June 10.

futures lower today as some, lato

Cotton

selling

more than offset carly gaint.

At the close prices ruled four

to 10 points lower. The market cpened

two

higher. Now

to four points Cdewar closed

eight to 10 points lower on bid prices,

The early advance came

National Steel Corp. New York Centra Noranda Miner

Norfolk & Westem ty. North Amer. Aviation North-West Airlines (Cqin.) Olin Mathieson

Otl Elevatore

Owen-Blinols Glass Oxford Paper Co. Pacific Gas & Elec. Pan American Airways Paramount

Pictures Parke Davis. Ca. Penny J. C, Co. Penn. Bolt Co. Philip Morri Fitur Lowes

Procter & Gamble CD. Billsburgh Pate Glass Fubieker Industries Pure 011: ................

Radio Corporation

Radio Corp. Pret, Raytheon

Repubile Stest

Heynolds Mota!

Royal Bank of Canade

ECRT, Rosbuck & Co.

Shell Ou Co.

un Safeway Stores

Schenley Int.

tade buying and short eover-Saint, Reg. Paper

and the list held steady urill. Boot Paper

Binith, Cline & Frenchi

fate In the arasion when char Sinclair realising and hedge selling drop-ocony Mobil Off

ged prices sharply. -

SELLING

Some solting came after approval of the tobacco Hiniting loans to $50,000

Solar AMTETAIL

| Mouth Puerta Dice.

Barthern C. (199)

the southern National Cas

bili

Southern Fallway (Com) Standarth Brands

Per Standard Oli-of Cal.

Average price in U.S. at 14 fermer, The trade took this as standart Off of ind designated spot market; 24.57 Hypern Bellescents. Total sales; 21,400 bales,

-VPI 7904$ 2:00

FOREIGN EXCHANGE

NEW YORK

Closing rates:

Canada England oficial

LONDON

Closing rales: New York Montroal JAMALANCAS

| Copenhagen

241-1/10-101 2/10. 3.00 11/18-2.70 2/14

a cue that the Imitation would Blandard off of NJ.

Step Rock Toronto Exge. also be applied to colton.

Sterling Drug Co Some of the early buying was Stokely Van Camp.

Stone & Webster unfavourable sedebaker-Packard Comp Influenced Ly weather and private reports.

crop funshine Mining-

Swift 4 Co.

Exports reported today total-Co

Textron Ine led 7,877 bules, bringing the tool Chem. total for the season to 2,389,703 Tide Waler Asra. bales, against 4,941,544 bales Te last year, UPI,

Exchange Rates

Tri-Cont. Warrenle

Twentieth Century: Fox Film Union Carbide

Union Oil of Cal

Foton Pacific Hallway Almeratt Unitedullis

Business was done in- tive logs | Untled Gas Corp. tament'exetinage market pls U.S.Foil, morning at the following rates, U.8) Gypium 0,1,100 farz aper-$1) jelaNGA KO B.. Line Co. Blering notes (per £1)

1601 .5}ber «»*** Australien.notem (per £})...... 142 U.S. Emelting toko...

3.03.B $18. inconcijan ruplats (per 100)... Brandiesle (OGY 1005

26.10 1.3. Sinel ? P.C. PP.

·JAX Girigadors: {$iratie)

Wamer: Bros.

Agreed Merchant

Rates

Swiss Francs, Maximum Soll-

Wingtipue Air Brake Westinghours Bidetris Western Union Tal Co. West Va. Kalp & Paper Winn-Dixle `8{dren Woolworth C. W.) Zenith Radio

METALS

July/Aug.

Odl/Nov.

21.6

Contreel No. 8 (domestic) July: 3.03: Sept: Des; Nov: 580:

dutylt

Laictes: Open

July Sept

NEW YORK Closing prices, all per b.: 124

Dec/Jan.

In cents Stay/Jung

Mar/April

21.30

11.35

Afixed Contract

11.583

July

10.04b

July/Aug.

Sept.

K,YOU

QC NOV.

4.003

Copper July

Sept.

23.416

Sept.

LONDON

כנסמר

RUBBER

NEW YORK

Tin met

Rex rubber

futures closing

3-manth

Copper apot

220014

S-morth

25.00

Lænd Int half Jitne

คน

34.70

34.23

Zine it haik Juse

31.10

Bept.

31.03

34.00

33.05

SINGAPORE

Moby Dick, Mr Mitchell said, and the whale-shaped vessel In large huinbera fight analysis thowing how the it produced

be built

about for computer, in the space of a could.

The roles have been reversed: few minutes, can solve complex £5.400,000.

"Progressives" are reretionary; lees, all in cents per lu operating problems which are

definitely going "vested interests" show them. virtually impossible to solve by ahead with production," he said. orthodox calculation, as those-China Mail Spectat

selves to be more adventurous.

This is what the Financial would involve

several

Times had to say recently on the subject of take-over

work for each result.

days

"We

are

The problem is to comp London Freight Market Bld. They had heen (esseny

the take-off weight of an 'off-

00

craft no that is weight árrivol at destination Bes with-

July

Sept.

NOV.

1.

Mar

May

July

All prices in Straits cents per

tial to the growth of Industry, to the improvement of maria- London, June 10..

and gerial standards to the Ib. fo.b."Malayan ports: were formation of powerful economie No. 1 June

"In rigidly proscribed limits.

Makling allowances for wide FAR Eastern markets

much more active today. units... variations in range and wind The Trellssick Bxed with 8500 speed (distance of 300-3,000 tons of sugar in bulk ex-bngs The free enterprise system No.4 nautical miles, and wind speeds from Fiji to the UK for depends

being

COTTON

NEW YORK

All prices in cents pir Ib..

36.20 Boin. 34.80 39.37-40

Dec/Jon.

Mar/Apr.

-May/Jung

SAO PAULO

All prices unquoted.

0745-08

Ty

081-0933

No. 2 Juno No. 5

07-07

06-12-07

P

益。 there

to acquire and

Improve the use of assets which

No. 1 pale ereps

not rufiber inbiled Blanket crepe

Dets-97 12745-03

Boot July.

Oct.

101-102

:Dec.

LONDON

Mar

Atay

July

All prices in pence per b:

"Rai »pak

20-253

23-2011

∙All prices In'ecuts per 10:

April/June

Stockholm

Zurich

(Osterni markais, vắt, Dana, portal - July.

from minus 120 le plus 115August/September at 83/- com- Portunities knots), Zebra will print out the parod with '87/6 Inst paid. anowery at the rate of 30 An 0,100 jong cargo of iron are being or are thought to be secendiu per steriving route and/or steel products wag hadequately employed. distances in nautical miles, boolsed, from Durban to. New. The take-over bid is likely take on weight, fuel consumpYorit, Baltimore or Philadelphia In principle to lead to a more No Fettlement heure term: tion' in pounds, and flight time at the Tump sum tale of $52,300 | thorough use of assvis". in "minuick A ringe of dis- for July position, all charterers it tends to keep boards who do ost./Dec. tances for each of a range of were open again to repeat this not wish to be taken over alert J wind speeds is covered.

business- UPI.

and netivo....

and July Dept.

NEW ORLEANS,

Blog, 74%.