1959-07-29 — Page 9

Page

THE CHINA MAIL, WEDNESDAY, JULY 29, 1959.

LONDON MARKET RECOVERS

Selective Market In London

Stocks

London, July 28. held fairly mixed on balance today although the general undertone was good in highly selective market.

Wull

Falling unemployment, Stegt peoks und the latest re- view of business conditions all helped the Armness

han fer- dustrials. Oils ved narrowly while motors and shipping were mostly dull

Properly shares were mortly ler bul fxtiles improved and gains warg

the In breweries list.

יו!

Gold sharis were wiertively Arm in small trading. Base melals were very tulet.--UPL

Closing Prices

Tiritin's

VECO-7/10.

Oledged londs Transpart 2",

Concol 255–253. Consola 49m £ 74% Convenian

207-7/10.

1

1070/08--

Lovi DNS. 1900

Funding Loan

61-15/16

Funding Block

£01

19:00 - 3.

1976 1000/2001---

4. 1949.95~

Bavings 34, 1903/05-EDAL.

£732.

Fundi

מתנג1

Saving 3. 1909/10-£5;4. Savings 3%, 1969/75 £205.

Semence

Bout Of Jitters Over Prospects Of General Election

London, July 27.

When it comes to sensitivity the Stock Market makos Sweet Alico soem an un- fooling clod. (Remember the young woman in the poem who unaccountably "wept with delight when you gave her a smile and trembled with foar at your frown.")

HONGKONG STOCK EXCHANGE

Our Own Correspondent

Business done on the Hong- hong Stock Exchange this morn ing amounted to approximately $770,000. Noon quotations and

Share

BANKS

the morning's transactions;

Buyers Señors

11K Bank XD 930 Asia Asia ... 1930 INJURANCIS

The London Stock Exchange is just recovering

from an almost equally unaccountable bout of Union ...... 0115 jitters brought on by prospects of a general SHIPPING election,

It was hot, mark you, the fact of a general election so much as the possibility of a So- cialist victory. Although als everyone recepls October 16 an the kellest election date ther was nitelent uncertainty event This far ahead to inspire smail solling whigh snowiudied, as there things do, and bring pricest tumbling.

Almost a week had to pass before the market

shivering

stoppert

Why The Flap?

What was all the flap about? Did he so-called well informed

FRANCE'S

FOREIGN

EXCHANGE

POLICY

Paris, July 28.

Wheelocks

DOCHS, ETC. K. Whart.. Dock

Provident

TЯikuo

LAND, ETC:

04

pg

States

0.30 3000 a 150

20361 0.25 10005,30

OIL STOCKS TAKE OVER LEADERSHIP ON WALL STREET

New York, July 28.

Oil stocks, after a long period of inactive, narrow movement, took over leadership of the stock market today.

The rise in this group, which heavily weights the industrial average, sent that figure rising to a new record high. Railroad and utility issues ingged in what was described as an in- Ballon stock market.

its

Some strela encountered profit-taking and declined but most of them moved higher as Wall Street ignored the steel strike

now

getting into third wook.

US Steel held in a narrow range as the time approached for the corporation to release the first half cornings report and net on dividends,

Du Pont featured the chemi- cala and at 263304

best level of the

431% 43% 000, 432 11.00 12.70 324 3254 1130 or 32

life Kutel 231 232

24.20

1004

1218 2017

day showed a gain of more

1,50 1,695 2096 2 13than five points. Other chemi-

UK Land.. 30%

Meally KUBBEN Amalg

2.GO

Trukt

7.55

A. Tawah.

3.10

UTILITIES

Tra

Star Ferry.

C. Light

28.40 131

140 111

11.20 10.50

drcles in the market really be-France hus completed an Youmai

lieve that circumstances were banked in favour of the So-

cialists?

Let us try to answer that by

Union Insurance Canton-£3-3/re looking at the set-up in Brital

car.

Aircraft and Molars British Motor Corp.

10.

Ford Motor Co-Ed.

Breweries

Distillers Com20 74.

Ord-144

Building and Materiale Atrociated Portland Cement-ce Pinchin Johnson Asociates Ord- 22.80.

D

Coal, Steel and Enginee Baboock & Wilcox

Vicken

Lid30.

Food and Tobusco

starting

overhaul of her foreign exchange regulations by merging the transferable frane zone and the dollar Electric

into a single unit Meso E. called "the zone of con- vertibility."

zone

und assuming that inid-October is indeed the date Mr Macmillan has in mind for going to the country.

The most obvious

This follows the various moves place is Westminster where we

made since the beginning of the can perhaps gauge the Internal

year under which external trans- health of the two major parties.

İcra between QEEC countries What we see is a solidly and dollar countries al be united phalanx of Conservatives converted without restrictions. facing a Socialist army riven

Under the new provisions im- by dissent

its over

H-bomb porters

are allowed to cover polley.

their purchases abroad Atx Noteworthy too le that 50 ontha ahead instead of the near to our hypothetical election three months authorised hitherto date, the Socialists have chosen by buying the necessary foreign: as their major attention-Africa exchange on the forward mar- (Nyasaland and Kenya), Curket. 1tainly this is a big issue but it

kind is not the elections are won and lost.

Dr American Tou. Co., Lld B** 36.

Imperial Tobacco Co., Ltd--85 $1.

Miter)laneous

British Oxygen Lu, Drd-43 Canadian Pacide Ry-$52%. Dunlop Rubber Co-224–1975. Hongkong & Chin Gas--13. Imperiat Chronical-3% 2 Lyons & Co-70. Unilever, Ltd-100x 711⁄2d.

Paper

Bowater Paper Corp Oro-Sia. Radio and Electrical Associated Electrical-54x Dd. Electrical & Murcal-9. English Electric C

General Electric-on d.

Shipping Indo-China Sica Nav. Co. def ord- 30.

P&O Steam Navigation de! urd 56 34,"

Storea

Great Universal Store "A"--42x 7yd.

Marks & Spencer Co-02

Led-13 4th, Woolworth F. W.

*Texies Coats J&P Ltd-100 %. Courtaulas Lid-39%.

Mines

Anglo-American Corp of So, th

on

What Is Best

In the case of exporters for- which word sales with a maximuni of six months will be allowed in

In the past they had! future. been nuthorised to eperate three The sorl of consideration-months ahead but were showed spart from loyalty to party-to extend the operation for at- which swaye the ordinary voter lies three months.

The six-month option is grant- itt the materialed only to imparters operating with an import Beence. "Importa under the import certificate pe ecture are not entitled to this kelity--China Mail Special,

is "who is best for me?" And he

best mcans

acnse.

The voter's answer to that In the question will be found Lallei box. But for the moment Circumstances seem to be con-

{ spiring to moke him look to the

right for his answer.

Exchange Rates

A long warm summer has_In- ducevi a feeling of contentment which makes a change seern Un-;

cessary and bothersome. Un-tulok at the following rates: employment is falling, prices US dollar per $11 have been stable for mary months and he has rend same.

-Bulness WAS done in the local market this unuifels exchange

4.75

Sterling notes iver kåt. Australian notes (per £1) Induncalon suplah (per 100.

Singapore (Sizni

15.15

18.03

1.00

20M

1.82

Arrified of South Atrien-where that nuluren prospects real per 1007

704 720

Cons. Zine Corp. Ord-03.

De Beers det-100% 34 Free State Development & Inve ment-12.

Felling Tin-a D.

Rand- 44409.

Southern Kinta Cum Ltd - 226 d.

Union Corp00% 40

West Driefontein

137 1014.

Golantning--

West Rand Chha~22 3d,

l

for sterling are better than usual and--if he does not already own them-his chances of buying cor, refrigerator, television 20 and even a house are betler than he can remember.

He cannot help knowing that It is the result of the Conser- vatives money policy which has put banks in the position of let-

ncy in the form of personal Icons.

British Borneo Patroleum Syndling him lave the necessary

csic-41troleum

British

Burmah. W

Royal Dutch Petroleum-£1%.

Shell Transport

-Neuler.

Fotophone

20.00 23.70

INDUSTRIALS Cement.*** Amoy Cap.. STORES, ETC. Dairy. 17.10 17.20

Watson

L. Crow... COTTONS Textile Nanyang

20000 2,075

5000 2,0's

cals generally were higher.

Electronica Issues mot profit- 1000 er 2.5taicing and fell back two to morehan four points. Molor's ensed la mast Instances. Tyros were mixed.

1600 e 29.40

3006 111

1000 18.30

2558 or 1855ad

300 13 20

Gains in the olls ranged 10 more than three points and this group held well,

Today's volume was 3,180,000

505183) shares

1000 18.35 240 14.3) 125420.00 1000+ 20.70

2333 + 20

Chrysler Motors Cantt Prabody Colgate-Palmolive Co. Colombies Carbon Co. Commercial Credit Consalidade. Ertison

Continental Off of Del. Crane Co...... Crown Zellerbach Cuban Amer, Sugar Diamond Alkali Diuinond Gard Dominiert Stores Douglas Airernit Dow Chemicals

Dupont de Nemours Exilem Alzino

Ensimon Kodak

El Paso National Gas

| Family Finance Corp.

Titans Tyre & Rubber First Nat. City Bank Ford Motor

Georgia Pacific General Dynamics General Bectric

Idaho wer

Imperial Ou Ingersoll-Rand

Inland Steel Co.

Pago

COMET 4 PROVEN AS HIGH PROFIT EARNER FOR BOAC

THE British Overseas Airways Corpora- tion's experiance of the Comet 4 in operation since October 4, 1958, shows the aircraft to be a high profit carner and likely to be economically unrivalled

on their network for several years. This was announced recently | Tokyo and Hongkong most con- In a report by the Do Havilland venicent, ntreraft company which goes on

to say that not only has the air-

First eloks bookings on the Far

craft the right port of passenger East route have been particular- capority

high-frequency ly favourable. Advance bookings

Гог

services over a long period ahead westbound out of Tokyo repre on practically all Bone rouley, except for peak North-Atlantie traffic, but also it is able to um

ent load factors ranging from 5 per cent for the week from June 14 to 72 per cent four Tourist bookings,

the moderate-size airports that weeks ahend, predominate.

atrendy satisfactory, show great

Advanco

same

In order to obtain a more cor-improvement now that it has rect indication of the relative bren realised that the Oriental economic merits of their differ- Comets feature 6-breast tourist

class accommodation. ent aircraft types, the Corpora westbound tourist booldings out tion calculato a passenger brenic-

covering the even load factory bor deducting of Tokyo,

period, represent Tom factors from the total operating cost an

ranging from 90 to 60 per cent. estimated constant revenue from dead load (freight anul malt) for

Passengers on

the Eastern the particular route and then routes particularly appreciate the dividing by passenger-capacity Comel's ability onerally to fly ton miles, This practical | above the monsoon weather; the to aircraft's effective search radar method shows the Comet 4

1.

General Foods

General Motors

0714

Gen. Pub, Um

2412

Gen. Tyre & Itubber

Getry bu

|

Glidden Co.

4912

Goodrich (G. F.) cu

$415

Goodyear Tyre ***

Grumman Atreraft

23

Gulf o

Hammond Organ

Heyden Newport Corp.

14%

22

552%

Homentake Mining Co.

Huseman Refrig

4774

1741

63434

35

1041

129

30

John-Manville Co.

574

amounted to

Kanias C. Power & Light

Kennecott Copper

1031

Kimberly Clark

痛

Liggett Meyers Tob. Ce. Lily Tulip

PO4

tor.

07,62

107,51 | Lockheed Aircraft

Loews Incorp,

31%

2:32.57

31

21

30

Of a total 1,228 issues traded 100 were higher and 487 lower.

American Exchange was 1,340,000 shares,

Bonds volume $5,400,000,

volume

Dow-Jones closing averages

were:

20 ****

8.40

2 20.10

1;

►

120334

217 3414

30 Industriata

52) 17.20

500 17.10

1 tes

BDO 17.20 13 stocks

16.20

500 1000

LG 20 10.30

20.00 21

....។

$550 sm 1012.) 40 bonds

0330 à 90 10.40 10 03 2300 6 10.40

MISCELLANEOUS

Viuro. (33,30

INVESTMENTS'

Ent.

Allied "A IK & FR Invest,

"X.nts & n. 11,00

0.43 350 0.35 4039 04.03

CITY LIGHTS

"Like any wise firm 128 spread our interests 7"

London Express Service

Cumin. future price Index,

Closing Prices

Abilist pwr. Paper

Alden Inc. Acy. Algoma Strel Corp Allied Chemicala Allied Mill Inc. Allis Chalices Am. Brake Shoe American Airline Ainerean Cable

Corp.

American Cyanamid Co.

Amez, & Purgu. Power

Am G & Electric

A. Home Prod

Am Mich. F'dry American Metal

Am. Natural Com American Sinelting

Am. Sugar Ret. American Tel & Tel American Tob. "E" Anaconda Copper Armro Steel Armour

Allas Cons. Mining Baldwin-LA-EATTL Baltimore & Ohio Beneficial Finance Bendix Aviation Corp.

Benguet Cons

Betlehem Steel

Boeing Airplane

Borden (The) Co.

Burroughs Add Machine

Fritish Amer. on

Calif. Packing Corp. Cana. BX, of Comm.

CASO 13. 1.) Co.

Cal Tractor

Celanese Corp.

interchemical Corp.

Int'l Business Machines

'i arvester

Internationa) Nickel

Internet onal Paper Int'l Tel & Te

6204 | Lition End,

83.20

Lone Star Cement Co. Lowenstein & Sons.

150.43 | McDermott J. Tr

McDonnell Alterafl

Merab Iron Corp.

11%%%

08

have a low cost per passenger in any event enables areas of ton-mile, with in turn # low heavy turbulence to be avoided. break-even passenger-load fac-

The Comet 4 passenger break-

even load factor after allowing Turkey To Get More

for intereafon capital, and train-

ing

and route-proving costs

spread over the life of the aft

cruft is between 13 and 47 per cent, varying as to route, seat arrangement and seamen

Far East Service

Cargo Ships & Tankers

FOLLOWING

Bevorst

wocks of discussion,

the Committeo for Economic Co-ordination has now mado

On the U.K.-Far East services provision for the purchase by the reating is 20 first-class and Turkish Concerns of addi- 43 tourist and 80 per cent of tional cargo ships and tank-

Is available for load capacity passengers.

OTS.

It is understood that several contracts are likely to be con- cluded shortly, although all pur- chat will be subject to licence,

The Government will grant foreign exchange allocations either for the full cost or for

On the North Atlantic the break-even load factor is a little lower-43 per cent. The Comet 4's range was not pitched to enable it to fly this route with

maximum payload, but nevertheless it can carry a sub- stantial load which pays off well. The combination of 20 deposits not less than 25 per de luxe seats and 32 first-class cent of the value of the vessels remain purchased. In the latter case, seats, with most of ing dead-load capacity occupied buyers will be required to meet produces a high subsequent payments frurn the with mail, average rate of revenue which foreign exchange earnings of

lelds this low, break-even load the vessels concerned, factory and consequently substantial prodit.

1

The latest available gutes 4 Comet

achieved show that Turkey has some 165 Brui vessela of 1,000 groas tong load factors are

running at about 02 per cent. over, with a lotai gross tonnage on the North Atlantic and over of

cent on

about 650,000. However, UK-Tokyo, quite a number of these vessels

where the complexities of sec-ore old and uneconomical; for bookings make it difficult in is expected that new purchases practice Lo fill more seats will fargely be for replacement With the low break-even fac Furposes

Minnesala Mining

Mission Developnient

3414

Moneanto Chemical Co.

4035

Montgomery Ward

404

120

Motorola Inc.

43

National Biscuit Co

National Ensh Reg. "A"

533

National Dairy Prod

29%

Matinal Lead

Nadin

National Steel Corp.

10

New York Central

Noranda Mines 10.

142

Norfolk & Westens By,

1011

47

North Amer. Aviation

180

Northwest Altines (Com.)

Olli Matistemon

25%

0114 Elevators

401

170

6214

Owen-Illinois Glass

104

44*

3011

Oxford Paper Co.

Pacific Gas & Elec.

Pan American Airways

271

Paramount Pentes

Parke Davis Co.

471.

Penny J. C. C

Penn. Salt Co.

1776

Pip Morris

4032

FELY Bowes

42%

Procter & Gamble Co.

Piltsburgh Plate Glan

0574

Puncker Industries

50

Pure O.............

42%

344 Bando Corporation

07

03

Radio Corp. Pref.

7205

354

Ruytheon

62+

Fak

Iepublic Bleel

73

eziy

Heynolds, Mein?

12114

The

Royal Bank of Canada

Campbell Soup Co.

BJ

Sears, Roebuck & Co.

4716

passenger

Canadian Pacino n.

29

Shell ou Co....

70%

2242

Safeway Stores

37%

110

Saint Reg. Peper

5274

C. LT. Financial Corp.

Bo

Schenley Inc.

70 per

South Paper

Sinclair Q1

00

Smrth, Clas & French

507

Sucony Mobil

4415xd

Solar Aircrafi_po

2011

South Puerto

leo Sugar

221

Southam Co. (The)

3011

Southern National Bas

Bouthern Railway (Com.) Standard Branda

522

Standard Dil et Cal.

Standard Oil of Int.

4011

Standard Ol of NJ,

Sleep neck

12

Sterling Drug Co.

July

Bepl

11.4

1200 Boon a Webser

Stokely-Van Camp.

3924

Bits

Studebaker-Packard Comp

1212

Zine

July

Sunshine Mining - ..........

Sept.

11.12

Swit & Co.

€015

Copper July

20,00

Texas Co.

14

20.10

Textron Ine,

July

101.00

Thickel Che

031

Sept.

101.30

Tide Water Asm Ol

251

Time Inc. *******

LONDON

TH-Cont. Warrants

Twentieth Century Fox Filen

37%

Union Carbidin

14815

501%

5842

700

2701

10314

3-month

ZZD

Let t

70%

714% U.9. Smelting

Zine-let bult

U.S. Steel

3143 10412

6 Warner Bros.

4743

Westinghoure Air Brako Westinghouse Electric Western Linica Tel. Co. West Va Pulp & Paper Winn-Dixie Stores Wuciworth-{k+W1)- Zenith Radio

497%

1184

UPI.

Yesterday's Closing

COMMODITY PRICES

Ca.. .td-501

& Trading-201.

Yes, everything seems to conspiring in favour Conservatives.

be

Oct/Dec.

I

the

COTTON

No Guarantee

ports:

Of course that does not guaṛ- ! antee them un electoral victor in With more than two

Aug

NEW WORK

Sept.

Closing prices all in cents per

Estate

months to go to our hypotheft-lb.:

July:

Lead

מוד

per lb.

2.90 Buyст

SUGAR

NEW YORK

Closing, prices, all in cents

..

Closing prices, all in cents Union Out of Cal

Union Facile Railway United Aircraft Buyers Bellere United Fruit

79315 | Ünited Gas Cory,

ts. Foli "D"

2003 US. Gypsum

US. Line Co,

TO US. Rubber

FOREIGN EXCHANGE

Attempt Tou

Settle

Zine Strike

New York, July 28. Negotiations are continuing be

tween the New Jersey Zine

Steel-workers

Union with

cal election date anything could Bpot: 33.05; Oct: 32.37: Dec: 32.31; happen to swing the golden light March: 32.02: May: 32.00;

3; Oct: 30.26; Deo: 30.21.

of favour on the Socialists. Bui as things stand it is difficult to see what that could be.

Socialists too must be The

The wondering

thing. And at the same time they must be pondering the sort of things which could trop up to dim

their chances. further

One

samu

_Company__and the United such could be an unpopular in- dustrial-dispute such as that which lavolved railway engine- every hope that an agreement drivers around the time of the will be reached within a day last general elections. or two, * DOMPANY oficial

There, necesarily in brief, in fold Reuter here.

Britain the setup in

with the balance favouring a return to power of the Conservatives, But I doubt if the Conservatived. the Socialists la edge sufficient to preclude further attacks of market Jitters be- tween now

October, ← London Express service.

Union officials were alco optimistic about a quick settle. mint, Workers at four zinc mines and two smelters of the New Jersey Company went on strike at mid-night on Sunday over, new labour contracts; ------

at

OVER

-end

The old contracts explied various Unca between April 30 and June 30.

The minos

are NY Rubber Market inyolyed at Friedensville, Pennsylvania, Austinville, Virginia, Kliman, Colorado and Fint Gapi Tinnepace

+

NEW ORLEANS Closing prices all in cents per 1b.: .

Spol: 3; Oct; 131: Dea: 32.07: March: 32.01: May: 3231; Juły:

31: Del: 3023; Dev: 30.20.

BAO PAUL Prices unavaiinble. Average prices in U.S. at 14 designated spot markets: 32.00 cents. Total soles: 11,438 bales.

LIVERPOOL Closing prices all in peace per lb.:

American Contract July/Aug: 23.40 Octstilov: 21.13; Dec/Jan: 30.68; March/April, 2000; Mixed Contract May/June: 2120: July/Aug: 27.20

July/Aug: 22.80; Oct/Nov: 31.03: Dec./den: 1.30; March/April: #1.35 May/June: 7135; July/Aug: 2139— vrt.

RUBBER

NEW YORK

New York, July 28. Rex rubber futures today clusul 33 to 70 points higher on sales of tid contracis,

į Rex rubber': futures closing The two smelters aro at

Futures turned higher, today is prices, all in cents per lbg? Palmerton, Pennsylvania and consumer interest Increased stul Judy: 36-23 BADU 30.30 NOV Depue, Hilnoid.

offerings from the Far East con- .6: Jans 30 March: 54.75; May:

Jubre, 24 ho DON LONDON

It is estimated that the tinued light. Steadiness in fiklillies had been producing nembys partly reflected fears 'of zine at the monthly rates be- | a dock atziise, by the ILALA tween 7,000 and 1,000 tonA The bout price for No. 1 Rss per but

China Dial Speciali

was quoted at 30% cents.-UPL Bettlement house termi

Closing prices all in bence fo. 1 Ras pot

Jan./March April/June July/Aug, Oct./Dec. General

Markel, c.le

294%-20% crepe thin AUT 21A thick Ark, 31% AMSTERDAM

Closing prices all in guilders per kilogram, c.lf. July.

No. 1 rubber

•No. 1 rubber

No. 3 rubber No. 1 crepe

2.35 buyers Tin spot 2.03 buyers.

3-month 3.12 buyers Copper an

UPI.

METALS

"NEW YORK "Closing' prices," "all in" cents

Others all

LONDON

Closing raloe:

New York

·Mushieght

Dopenhagen.

Vienna

NEW YORK

Closing ratom

Canada

per b

Sept. Oct Jan.

Contract No. 4 (World)

March

Mor

July

Sept

boot. Cuba)

Engend ofešál

Total Bales: B63 contracts

Open Interest: 7,400 contraçıı

Contract No. 6 (domestic)

New Zealand

Sept.

5.80

outh Africa

5.99

0.60

March

$.00

„_„Open" | Interest:

lors of 43 to 47 per cent Boar

regard the

д Comet 4

נעם

economically attractive passen New York Ferries

ger airliner, and especially 5376 for high-class trame,

Chicago Grain

KO

A larger-diameter fuselage

than that of the Comet cronomically advantageouts for the operation of high density six-nbreast configurations --- wastefully expensive for the do of four-abreast operation luxe and first-class services. The diameter of the Comet 4 is well cuited to Ave-abreast' seating and is particularly advantageous for four-abreast seating.

Have British Radar'

NEW York City Feary Ser-

vices which carry 24 mil- lon commuters and ~1,000,000 vehicles yearly between Man- hatten and Staten Island are to be fitted with British · (Dovea) radars at a cost of $100,000 for

23 radar. Installations.

Only three months ago the same "department (New York Department of Marine end Aviation) ordered the same type of British eadar for the Brook- lyn-Staten Island service.

Pure Jet Traval By the end of the year Boac will be providing only puro-let travel on the For East and Aus- tralian services. It will, howe over, be a long time before all the other lines operating the routes can offer the same at the crowded walors of New traction. Throughout this period York Harbour.

New York, Fire Department have ordered Decca Radar, too. will be particularly useful in

(Decen Radar.

the Comel 4, able to serve any Ltd, Albert Embankment, Lon- intermediate trame centre, will, don, S.E. 11.)

in Boac's opinion, have superior

Economic attractions aud pas-

sunger appeal.

The report goci, on to say that advance Atlantic Comet

Shipping Risk Cut

bookings 'nru, very satisfactory (THE- War Risks Nating Com- and by mid-June: it was dif« * mittor of the Jostitute: of cult to get a seat on the New London. Unitlorwriters announces York-London Comet service for that the war and strike, riot and Chicago, July 20. at least two months. Wezibound elvit commotion shipping risk Most grains were lower today

Comois on this roula wera very | rates for bulk oil shipments to on the Board of Trade.

heavily booked for at least a or from Indonesia hayo been

Toduced. Wheat cased after boldlog month, ahead..

It is too soon after the stort of steady Jovel through

On loaded from or discharged sesslost, Local Comet services to the Far East into tankers in the oil decit, or tradors and commission houses to produce an up-to-date detali by pipeline, la now rated at le

ncar a

most of

0300%

the

were, buyers, as traders ex-

cal`analysis of Hovel Tuetorn TO-

pected an imminent: resumpang to soetoe frame along this Per£100, compared with the

But 9,000-mile roule, May games Previous, rato:of Ir od per cent. Bion of export trode, hedge sales continued, probably showed overall lead factors b

bgainst movement of crops

In

the southern part of the Spring

wheat belt,

tween London and Tokyo tof

almost per cont Load factors Ships Laid Up

achieved uhturally vody, con-

siderably Belivennt einges, one of

A portion in the selling of the most popular focing the HERE was a further incrERIO rym and soybeans, was regarded | Tokyo-Hongkong rectoryWhlah CD the total grui conndgo na: liquidation pax Induced by - taupen 199 total bocorting in the of ships laid up in Bekinin.^at the rains.......... But there was good schedule; a Alma often localads: 103 ||Born: 185 1980% of the total of Buying of agytesta on resting practice, & Facoonwce, and, utha: 17139,018 gross tons/home 304,992 orders. Trado was light,m, UPL morning departure times" from tons wern, tankers.