Page
THE CHINA MAIL, WEDNESDAY, JULY 22, 1959.
STRENGTH OF STERLING
LONDON Becoming More Of Wall Street Comes
STOCKS DRIFT
London, July 21. Stocks drifted aimlessly today on the London Exchange.
of
The lividuat 1st showed mostly minor gains and losses, Breweried Armed but some the tobaccos last round. Steels which support ebme brought a firm appearance into that group,
inet
An International
Reserve Currency
London, July 21.
There is something amiss with this London summer. Not just the miracle of one
Back To Life
New York, July 21.
The stock market came back to life today. The upswing
was accompanied by rising volume.
Dominion Stores
Individual gains in the main Damond Alkell But ran past six points as the three-day
long hot day after another. Although market cnded that's strange enough.
time
oli
:
decline.
Dougie Airero
Dow Chemicals
Dupont de Nemours Fler Airline Gains of two and three pain's Eastman Kodak What is missing is the British experts which has happi- dotted the main list, with same Ferzy Finance Corp
the entire sterling aren. Seasonal apprehension about ly Lifeeled the seasonal deficit of of the best gains appearing in Firestone Tyre de lubber
And of the electronics, chemicals, Nat. City Barsk
Ford Motor sterling. Each year about course the increased earnings of heels and
olls drugs, The
Georg Pocine bankers and British-owned
their lows und General Dynantes this
companies rallied from
General Fleettie Anish in higher General FoodT mannged to Treasury alicials, econo-have contributed markedly.
ground as group. All this, of course, does al General Electric Armed but mists and such-like begin to
Molclora was up more then most other
au-mean that sterling will not be electricals lost brace themselves for ground. Gold stocks ral Into Itumn, traditionally sterling's subjected to a certaļa nmcunt of six near the close and gains of Segzonal pressure in the third three points or more appeared sume mild selling in the wake
Squinter of the year,
Lition. Ampex, Allied The probin bility of an autumn election Chemical, Du Pont and Corfer will doubtless take its toll. But Products. fit tlues seem to indicate that this Today's volume was 2.930,000
year anyway, these need not be shares.
gadd with such mwful appre-
of a poor earnings report by
worst sonson.
Lorraine. Coppers did itle. Olls and rubbers cased.
British Guverment were mixed. Greek. Issues weak on the foreign bene list.
Dollar stoc eased in with Wall Street.--UPI.
jt
were
re
Until now that has seemed 题 inescapable prelunds to
·lumin 41 This to of th rds year
1957 fu Done. sterling dipping below we nodging n lower support point, Airl fast year with the motion's
surplina paynebia Higher than for bony years, The pound was down to vers nearly $2.80.
$2.75
G
C53.
Closing Prices
Gederd
British Pro-part
Coriols A
Connor 1769336
Čunvereinss
£CT-11/10.
Funding
£84-15/10
Ponding Stock
Funding CDL
Jan
Mad
In
2..
$900 BA
Loan 4
Savines 32
Sovlars 2: Navi
BRIANO-
1955 03-16-111 jaqazin R
BROSS-STA","
Hanks
Anticipation
But today
stands
proudly at over $2.81. Yell
fact that (more unusual is the {this situation prevails despite a ¦ number of adverse Tactors, Not besed of this was the attitude. of a number of European bank, j Witch with exquisite caution
·began
sterling
selling
DWAY
Hank A 2.td and v back in early May, in anifeipo-
Chartered Banle
39: GI
Instranc
Hongkong - £52.
Entor Insurange c'entor
Aircraft and Motoze
British Motor
10141
Ford Motor C G 2.
Breweries
Jinding
Hon of the traditional seasonal
(weakners.
!
NAT
1
This plus the viction that
ind
a General
Chave left !males
Distillers Materials Annnolated Paratus timent 13:
Fond and Toltave»
**Thachin Juluseon. As ortate.
[:d
21☐ 100.
Coal, Strel and Engineering
Habcock & Wales Lid
Vickers 1. 25 1994
British American Tub
t
My
fid
Bish
Treperiat Tobacco 1, Nel 58,
لال
Miscellaneatis
Oxygen 1.tl
C
Canadino Parlie Rly--5 Duniau Hubber Co 25 16. Hongkong Chung für 136 Imperial Chemical day 10A Lyons Beyer 12 tk.
Paper
On thi
Howater Paletrical
Badle and
Axsorluted Etetrient--32m. Electrical & Musical 40%. English Electre C-40g 14.
General Electro-31 2.
Shipping
Indo-China Steara Nuv,
Bril 30.
def!
1 & Steam Navigation del ord
--344 Del
Stores
Great Universal Shares A
4000
"Harks & Spencer 161- 83
Woolworth F. 11. & C B
450.
Textiles
Coal I* Ltd -5- | Courtauldo 4AN BE HONE
Miura
Anglo-Ameriegi turp of
Altie
General Motors Cien, Pub, Uni. Gen. Tyre & Rubber Celty Dil
Gudden Co.
Goodrich (1, 'F.) Cs, Goodyear Tyre...
Grumman Aircraft Cuit O........ Hammond Organ
leyden Newport Corp.
EDITS EXP Mintin Cả
Of a luta) 1,226 issues tradedusan Refrig.
hension as in recent Umes.--- | 070 were higher and 344 lower. London Express Service,
American Exchante volume wu 1,180,000 shares
New York
Cotton Market
New York, July 21. Trading
futures continued nar-
in
Bonca volime anjotinted $5,640,000.
to
Power
Imperial Dil
Inland Stee) Co.
Int invester International Nickel
COL
Standard Brands
10 Handard Oil of Cal.
44
40%
blanderd oil of Ind.
andard ou of N.J.
Kleep us
Stern Drug Co.
Rokes-Veni Camp.
Studebaker-Packard Corp.
Sunset Mining
Stone & Webster
30%
110
Swift & Co.
792%
Texas L'a
Textron Ine.
GIAL
Thiazol Chem
6112
Tide Water Ann. Oil
6315 Time Inc.
Tri-Cont. Warrants
247 Twenties Century Fox Film
14% Unkn Carbide-
49 A
67
143
Enton 01 of Cal,
Union Pacific Balfway
United Frust
Unsed Arraft
United Car CoD
VS. Foll "py"
US. Gypru
230.3. Line Co.
49, Aleci
器
41
9
33
Wenkworth OK, WA)
721
103+
5. Rebet
GASL
VS. Salting
31
13:19
US Steel 7P.C. P.F.
Ingersoll-Rand
Warce Bran,
$315
Westinghouse Air Brake
3
Interchenical Corp. Dnt'l Ekadines
Westinghouse Electric
D2
Machines
40$
| Western Union Tel. Cu.
West Va. Pulo & Paper
1041
Winn-Dixie Stores
412
International Poper
125
23!
Zraith Radio
John-Maneille Co.
47
Kansas C. Power & Light
40%
26.43
Kennerei Copper
1047,
167.00
Kimberly Clai
1.41
Ligeti Meyers Tob. Ca.
220.30
Lily Tulip
BJ.10
Lion ind......
130,63
Luckheed Aircraf
33
Logan Intarp
Lone Star Cement Cu
Lowenstein & Sons.
Siebermatt J. Ray
Dow-Jones closing averages at Tel Tet
were:
30
dustrials ......
1 lite
Stock
43 Lund
Coman future prie Index
Closing Prices
cotton Abu_Pwr
& Paper
Alden Inc. Acy, Algnina Steel Corp. Affed Chemicals
row today with prices! Ad Mills ne. irregular at the close.
four
Al die finish the list ruled polais higher to three ints lower. The market open- ed one to three points hither Chis inotning. New Orleans fatures closed one to four points higher,
All Chajuters Am Brake Shoe American Airline
growing con
Cable & Badly Cop Britain will have
American Cyanatald Co. Am, & Foren. Power Election in October
Am. Gas & Fectric An, Hoane Prod. .... the metal
Am Mach, & Fdra. untreuiled although the
American Met security sterling role has
Am. Natural Gas clined,
American Smel:byg Naturalis.
economists
Am. Sugar Ret. eating around for an explana-] The trade bought the near Americas T & Tel
American Tib. happily surprising í months which finished tion of this
slendy. Anaconda Comper in the distant section. Armes Steel jate of attorrs,
Kasiness reflected continued light selling London Market
by the south and New Orleans.
The
weekly Government's Pernapa the derlining strength !
again WBS report the dolla has had Something weather
favourable which tended to hold to do with 17 Yes. But only
price movements in "something". Other more direct forward
Bocin Alrplane Horden (Ther Co. ... been factors have
at work, chuck, The
tariff commission | Durroughs Ads Machine U.S. Not the end of these was last Dettembur's movi
cut.risclosed the government stock-British Amer. Da certibility.
transferable pile of long staple collon
European Exceeds more than 500,000 bales sterling dknoppeared,
and efforts inay be marle ta dis- *schniges market. fine and London': marketpos of a portion of 11, correspondingly grow,
AS
OX
Almour ... Allay Don. Minding Bautwin Lana-11am. Baltinter & Ohio Bank of Mentrest Beneficial Finance Bendix Avista Cap. Beiguet Com.
Betlichen Steel
McDonnell Alterati
Moonlit Trn Corp.
Mulesota Mining
31
427
1220
Mon Developineul
4214
Monsanto Chemical Co.
32
Slentgomery Ward
54
Motorola Tre.
National Binquit Co.
10% National Cash Reg. A
ייגן
Nabonat Dairy Prod.
National Lead
National Steel Corp.
New York Central
Noranda Mines
Norfolk & Westera By.
North Amer. Aviation Northwest Akelines Com.)
38, Paelle Gan & Klee.
12
باشد
Paramount Pictures
Pe Davis Co
Peny J.C. Ou
HONGKONG STOCK EXCHANGE
Our Own Cortés
this
Burines done on the Hong- kong Stock Exchange merning amounted to approxi 702mately $1,310,000. Noon quola- tions and the morning's transac- tions:
1414
40%
103
23'
$12
43
Olin Mathieso
Ofter
Owen
Gl
Oxford Paper Co.
214
Pan Anuriena Anway
4ET
Khares
4324
BANKS
119
BK Bank
.. 147.5
Bayer Belters
10
Sales
20 +971
Best Asta
3.J
201 PD Maris
Penn. Salt Co
201
INSURANCES
Pitney Bowe
44
Procter & Gamble Co. Pellsburgh Plate Clone
Lombard
37
SUNG
Publirker Hurletries
Pure Oll
Wattiboat.. 23.60 Wherlock
1.34
317
Rao Corporation
G3
o Corp. I'vef.
7182
DOCKS. ETU.
54, Raythe
SAT
K. Where
40
Republic Steel
Dock
102 $103 6:50 44 103 422%
Canadian Pacife it.
20
Heyns Melal
$14
Provident
Case 13. A CO.
22
Royal Bank of Canada
Taikoo
12.80 1300 12 78 324 33
139932
113
Sea: truck & Co.
Crindlese Corp.
IT. Finnnetal Corp.
314% Shed O to...
Rafeway Stares
5715
1000 20.10
Chase Manhat. Hark
Big
Bait Reg. Paper
Chrysler Motors
scheniny Jee.
1
fluett Penbilly
43
Scott Paper
and
4114
Sinclair Off
43
Smith, Cine & French
60
11.3
Soc Mobi Dil
430
G4
Solar Aircraft
201
South Puerto Rico Sugar
217/
Scuburn Co. (TNG)
391
Fouthem National Cre
32
Southern Itattway (Com.)
5316
now
Exchange Cranmodity thority said trading volume of 17,700,000 bales for the seal year cuded June 30 was 21.0 per cent below the prior year the lowest since 1925.
This has meant that nearly ឆរ៉ major foreign exerange is those transactions that over £500,000 have had to Ersuri to the London market, Sterling therefore has become le more of an international re- serve currency than formerly, Angust 10,--UPI,
There are signs tog that the orthonal pattern is shitting. For
contri- Santance, un erstwhile
Cony Goldfieuls at Santa Africa - 739 100.
“Coni, Zine Carp Ord-sli,
De Beers det 1624 1
Free State Development & Invest- ment---lis 3d
Hand P7 Cel.
SPM
Southern Kinta Cung Tau -26. 1 Corp 3 Fed.
West Detamen Goldmbalz 133.
Wes! Hand Com-24% Gel,
Fritid Horne Petroleum Synd cate-50% 70.
British 'écoleum Co., L-50
30.
70.
Royal
Dichi
£14
$
Tranport
Od-Heuter
Petrolera -
Exchange Rates
Zuing for the seasonal decline was heavy spending by British turists Over SUS. This new being largely offset by
frin foreign Brain's revallie tourists who come here in grow- lng number In fact, if there in this revenue is includuci Duney paid by tourists British cortiers as fures, the cost to the nation of a growing trend among Britons to holking Auto is more than covered.
Lo the Another contributor seasonal decline has been in
This is a some measure offset.
& Trading-13Gs contruction of the sterling com- These have modity earnings. shrunk. But this year to modify the effect there have been In- creased sales of certain minerals. and a recovery in priens. Helping tou is the fuel that sterling pricci have recovered markedly much more than prices of dollar com- 559 | modities it has to Import.
tha
the local Barinen war dere i53 Unofficial exchange market mazending at the following raten: 5. dollars (per #1).......... Storing notex per ... Austiniton notes (per 21 .. Indonesian rupiah (per 100; Slum leaf (or 100) Singapore (Stralta)
3.10
12.07 Nut the least of factors credit- 2000ed with the changing seasonal pattern is the upward surge of
'Outer Seven' Trade
+
Bloc To
To Form
Stockholm, July 21.
MINISTERS from
MIN
Britain,
Scandinavia, Austels, Swil- xerland and Portugal
nounced
MA-
today they
fad
sgreed 10
recommend their
*
En establish governments Free Trade Zone. A communique Issued tonight- plan Included rutes sald the for reducing barriers on trade in Industrial products, en- vaisajes a 20 per cent cut in months, tarifts within 12 while agriculture and marino products would be dealt with In separate agreements.
Bald they The Milsters
wanted early begollations
Japan said 300,000 of its workers ay go out strike for higher wages
Calif. Packing Corp. Cani, Bis, of Contay
Campbell Soup C
Lai. Tragice
Cobrate-Palmolive C
Colombian Carbon Cu Comercial Credit fex-Com-alidated Edison
on Continental Oil of Del.
Craur C
of
Crown Zallerbor
Cuban Amer. Sugar
Yesterday's Closing.
COMMODITY PRICES
July Дин Beut
SUGAR
28-20-4
3015
3071
Fale crepe thika Aug.
thick Aug.
AMSTERDAM
Closing prices all in guilders
por kilogram, elf, July,
2.31 buyers 276 buyers 230 buyer
U271.
1
NEW YORK Closing prices all in
lb.;
No. 1 rubber
No. 2 rubber
cents
No. 3 rubber
Contract No. 4 (world) Spot: 254 Oct: 2.58: Jon: 2.00: Diary: 2.72 May: 2.75; July: 2.18: Sept: 21 Oct: 2.84: Spol-(70.b Cuba): 2.35.
Total Safes: 882 contracts. Opet Interest: 1.25 contracts.
Contract No. û (domestic) .. Sept: 5.87; Nov; 8.00; Marck: 1.51: Spol--(C.f., N.Y, ex-duty}; £75.
Toul Sates: 15 contracta, Open Interest: 3,221 contracts.-
บ
RUBBER
NEW YORK Rex rubber futures prices, all in cents per 1b.:
3028
No. 1 repe
210.buyers
COTTON
METALS
NEW YORK
LAND. ETC.
TRANSPORTATION
WORLD'S FIRST NUCLEAR CARGO SHIP LAUNCHED
Camden, NJ, July 21, THE world's first nuclear cargo ship, the 21,840 ton Savannah was launched here today at the New York Shipbuilding Company shipyards.
Christene 1
with French --
champagne by Mamie Eisen-
hower, wife of President Elen- Civil Version Of
hower, the Savannah slid
inio
the Delaware River to the ac- clamations of 15,000 Invited on- louters and
of the rhips in port.
the siren
The Savannah carry
Twin-Rotor Helicopter
00 DRISTOL Aircraft
hovo
partners and 3,500 tons of B announced a proposed
freight.
It has a range of 300,-
and a half feet,
THE
Savannah hos
000 miles. It is 53 feet long civil version of the Type 192 and 78 feet wide. Ik draft is 20 twin turbine poworod hell- copter which is now in pro- been duction for the Royal Air launched without ils engines Forco. They will not be installed unti
its the ship is ready to begin trials next spring.
14 MONTHS
Mrx
The main difference between the military and civit versions of the helicopter les in the centre sections. To be known "civil" as the 192 C has a
thirteen Fourteen months of activity fuselage Incorporating
addition to the had gone into today's launching. windows In It began on May 22, 1958 when emergency exit and main entry Richard Nixon, wife of door. Scaling is provided for up the Vice-President of the to twenty-four passengers, and over provision can be made for tollet United States, presided the ceremonics at the laying facilities and two baggage holds with a total cuble capacity of down of the ship.
President Eisenhower sald p to 120 cubic feel.
Changes from the militory at the time that the Savannah's
kept to a mini- mission would be "the visible helicopter are demonstration of Amurlea'mum primarily to allow Certi- the fiente of Airworthiness clearance determination to develop
ntomie to be based on the military ex- of peaceful
perience gained with the Type energy:" The
102. This means delivery can be Speeded up, and it le likely that offer of the first 102 C could be made early in 1001. The ship will have an average FULL RESERVES Scefor distance
with សះដរ a half knots, speed of 20 and
have lis engines
contenks in 205 statute miles with been
allowances, and structed by Bebeeck and Wilcox full reserves
the over which 21 passengers can be by unle
Supervision
carried for a direct operating Attanie Energy Commission.
usty
Savannah was blessed the Reverend Frederick br Brown Harris, Chaplain to the U.S. Senate.
will be installed in the Canden enst of 8.8 pence per passenger mile, Full payload can be car- :hipyards,
berled over 138 miles for a direct ecol of 6.25 pence per seat mile. In 17-passenger, first-class can bo version. full payload
distance carried over a sector
will Savannah crated by the States Marine under contract 0.40 2500 6.40 Les company
ta the U.S. Government.
ITS NAME
211 23.10 28.20
UK Land.. 3514 3012
10.70
307) | Humphrey's
Realty
Closing prices, all in cents per
1b.:
Lead
Juts
Sept.
Zine
July
Seol.
Copper July
Sept.
Tin
July
Sept.
LONDON
RUBBER
Alk
Truit
A. Tawah
1,490 1,625
*3.07973
1000 29.40 142430: 1300 ir 2018 51.625 25000 1.00 1.50
the
of 210 miles with full reserven Direct cost 8.5 and allowances,
per seat mile at this Its name comes from that of pence the first sleamship to cross the range. By increasing. the fuel Brat capacity and reducing the num- Atlantic. it tool: Savannah A month to cross ber of passengers to 15, a sector frem
be .10
miles can distance of 310 Savannah, Georgia, verpool is 1819. Its successor covered.
calculations, Performance will be able to sail several times. round the world without having based on flight exnerlence gains 192 ed by the Type 173 and
costs shows that Savarmah could hellcopters, carry sufficient coal in its holds per aircraft mile over the Lon- centre don-Paris sector felly for 90 hours only.
to refuel.
The
first
out
The heat needed to produce to city centre) will work 535 29.40 the stran for the new at something under 12 shillings.
2.00 7050
3.10
་་...
29.40 30% 2007 2013
170
114
16.40
1851 1852
2010
3000 * 13.40 <ntlored in a vast
Electric
25.00 20.70
UTILITIES Tram
Star Fetry Yalansu
C. Lig
Savonach's urines will 18.40 supplied by
he Return fures on this sector, to
as atomle renetor break even on total costs at 65
steel eon- per cent fund. would be
50 23.70 -1ainer in the rentre of the hull.proximately £22.14.0. 20. Protection against radiation will BREAK EVEN
100 28.70
800 23.70 1000
20.03
Macao E Tel.
0.70
20 20.20
100 20
10
1800
20
20.10
6599 / 20
INDUSTRIALS Comet
3346 3472
Amoy Can. 3.33% STY HES, ETC, Dalry
17.20 176
13 13.20
10,40
I 19
Watson
11.55
10.70
La Craws
10 03
Kwong S. ii. 241
*0.007
21.10
COTTONS
ร.
101.07
by, a second screen be assured
of plastic, lead, cement, wood and steel in alternating thick
nosses,
REFUELLING
ap-
These figures, says a company. report, show that the fares re- quired to break even at only 85 per cent food are not excessive when
prescant compared with fares and represent o dit- ferential which would certainly Physicists have said that the be acceptable to the passenger period of three years between who required a rapid service 1400015 the
"refuelling" from the Savannah's
centre of London would cover 52,000 megawat- the centre of Perly without the inconvenience of travelling to usual air
1000 20.10
1003 540 40034
17.20
100 1000/17.30 000 ve 15.10 740 st 13.10 10 145
Textile. XD C.10 0.10 10300
50006 Nayeng .. 101 100 1000 INVESTMENTS
Clostrip prices, ali in sterling Allled per long ton.
TOREIGN EXCHANGE
NEW YORK
Cleolag per lb.; Spot
prices all in tents
Buyers Sellera
Tin
34.40
Spot
aztá · 193
Qel
3-montli
100
101
Dec.
32332
Copper
March
Spot
May.
22.72
3-month
July
Les finl! "July
72
72!
Oct
30.31
Oci
72!
Dea
30.29
NEW ORLEANS Closing prices all in
Zinc 1 mld July
cents
July
closing
59.40
per lb.:
Spot
32,65
DoL
72,31
Dec.
32.33
Sept.
35.36
Maruli
Nov.
34.55-80
Jan.
34.45
May
July
March
Oci
MRY July
33.10
Der,
33.00
SINGAPORE Closing prices all
Ib. 1.0.b.
In Straits per lb.:
Malayan
American Contract
July/Aug
22.05
0114-0014
Oct/Nov.
1016
27-07!
075-9712
05-00 10319-1016
22.00
21.00
21.15
Closing rates:
all in penet
21.40
New York
2.40
Montreal
21.40
2011-20
Jan./Birch need unanimou" agreement, | April/June"
20 be decided by July/Au others could
1 Oct/Dec. majority vola-Reuter.
Genisgal maksta g34. basis, poris:
5016-2015
20-20
All unquoted... Average price designated spot
Frankfurt Paris in S. at 14 Blockitolin markets: 33.40 Milan carts. Total sales: 580 bales.
Zurich URL'
or cents per ports:
No. 1 July
with The Common Market countries France, Germany, Haly and the Benelux group, who are outting tariffs, tween themselves on moving trade barriers establishing a multilateral s
~. Aug. No. 1 July 17 sociallon embracing all
No. 3 members of the_Organisation No for European Co-operation. ipal rubber unbaled
Hanket crepe No. 1 pain crepe. The fatliations, of
LONDON
the new
-
"Outer Raven" bloo would be Closing prices
as simple as possible, with a per lb.:
the No. 1 napot Council of Ministers 24 govorning body. Deolzkotts Inte volving new obigations would coment house larm:
2016+29
LIVERPOOL Closing prices all in pence
NEW YORK Closing raten: Canada England oMelal
30-CAYD DO-GRY#
New Zealand Bouth Afric
All others unchanged.
LONDON
Dec/Jan. March/Apri May/June July/Aug.
Mixed Contract
July/Aug. Det/Nov.
Dec/Jan March/Apri May/Juve
JAO PAULO
Brussels. Cupenthaten
מונת נV
405
010
0.10
days.
Out of the seven tons of UO- and from 2 that the ship will carry, only terminals.
132 pounds will be "barned" in
the
This development of the 192 three years, thus permitting is at present in the design pro-
regeneration of isotopes and oject stage, although the 40 pounds of plutonium.
ecm-
pany is already in touch with n The Savannah's crew began number of the leading helloop-
its special training this year. fer operators throughout the 10.70 The officers will continue their work.
Chicago Grainwashing in atanic-power sub-
Market
Chiengo, July 21.
Closing prices "all in" conts per bushel:
12444-75
study of physics and the special
Lending particulars of the 192 problems of nuclear-powered
operating C are:-Maximum Cavigation until 1980. The weight 10,500 lbs; mean cruise receive part of its speed 140 m.ph.; oll up weight lers fuel and pay. load 11,883 (standard 1b; stilt alr range tankage) 240 statute miles, in- statuto ergared tunkage) 400 mlles; power plants-two Napier Gazelle gas turbines 1,450 s.h.p. each.
Gloomy Future For
British Shipbuilding
i
London, July 22.
»RITISH shipbuilders said
BRITISH
'Streamline' Plan For
today that orders for British Railways larger merchant ships had
London, July 21. heon practically dried up and IR Brian Robertson, Bri- 1294-139, forecast gloomy future for a nationalised rail-
Wheat No. 2, red
Spot
10014
Juzy High
10716
Low
Clone
Sept,
The.
March
May
Com No. 2, yellow
Apot
July
12633-16
Sept.
15.
1.04-0/23 2.0131
DEC.
March
2.83-4/32 Rya
July
2.81-0/18
Bept.
25033-74 1201%
12831-12- 12924-130
Dali
July
E015
2.01-3/10 May
2.00-1/10
Eept.
Soybeans, No. 2, yellow
2.0134-9.011 2.00-2.00 140.30-140.55
Bpot
Dept
Nov.
Jan.
31.709-11.2015 March
10.3816+12.503[
15.7814-15.70 16.536-13244 *104416-1348 72.09.72.00 116-12115
SUPL
Barley, Spot
ork flour New York
200 lb. sack....
120-120
10.80
the industry.
The shipbuilding conference, ways' chlof, has drawn up a Lasuing their own figures for the "stroamline" plan to combat second quarter of the year, raid: the mounting financial crisis "The figures for 1959 to date facing this public service, It show that orders for larger mer was learned today.
chant ships have practically The plan is expected to pa-
censed.
on Thursday,
This slate of affairs, which announced by the government affects other shipbuilding cóún-
Sir Brian is understood to tries besides the United King-
Mr Harold doen, is due to the continued de nove
the Minister pressed date of the freight- Walkinson,
tho that unless market accentuated by the great Transport,
warned
flow of laid up tonnage and by government takes bold action the continued flow of new ships the country's rallways may be from the world's shipyards, doomed to never-ending debt. China Mall Special.
-Chim Mail Special,
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