1959-08-26 — Page 9

Page

THE CHINA MAIL, WEDNESDAY, AUGUST 26, 1959.

REPORT ON BRITAIN'S ECONOMY

London Prices Ease Off

in-

London, Aug. 25. Prices on the stock market

eased today on An crease in profit-taking. Tedustrials Jost, much of their recent buoyancy to close muxly lower. Steele,

<lis-

wever,

played some resistance to the downward trend. In the store 1KL Harro

nt:1 Improved Hour of Fraser recovered nost

of an earlier fall.

Gold stocks

drifted lower!

Strong External

Position And

Stable Prices

HONGKONG

STOCK EXCHANGE

Our Own Co

Business done on the Hong- Stock Exchange

kong

GAINS LACK SUPPORT ON WALL STREET

New York, Aug, 25.

morning amounted to approximStocks scored an advance today but the rally lacked ately $927,000. Nooh quotations

London, Aug. 24. The Treasury's bulletin for industry is a sober statistical affair. Printed unsonsationally on business-like blue paper it coldly sets out the state of the nation's economic health at monthly intervals. Apart from an odd graph, the nearest it over gets to an illustration is the Royal Coat Lombard

first of Arms at the head of the sheet.

on lack of support. Copper i Of course I ás on mere Bian | thened in the first half of 1959."

Tad more ground.

Closing Prices

apest

in

and the morning's transactions: Murer -Buvets Sellers Sales BANKA BK Jank.. 132,3 INSURANCEN

Uni

SKIPPING Wheelucks

L

401%

200 41

100w 23), 300 + 554

603 0.40

24.44

442

105 445

2004314

100 x 144%

11.40

צ הפ י פנו$

30 38, 1853727 100.25

17

10 17.20 1623 1.57, 36) 133

1035

megation bat in the cur- It paints to ao increase of

DOCICH. TATE. Oils were mostly lower but at issue of the balletize the £37,000,000 in gold and foreign Wh

continued to rampant rubber tricks

side of

Currency

despite reserver

aj Dock ... ingroves

the Coat of Arms appears to hef repayment of £71,000,000 to the Gift-ex

prurities Bild daughing while its follow supe Interna Honal Menetary Fund Provident 13.21 13.42 23

Tolku payment in gold of i lower during mood of the tri-porter, the unicom, looks smug and

LAND, ETC. - Ing session,

in fact they are not elvers) £58,000,000" as part of the 59

Increase per cent

In quotes The foreign bond market was ful and saidsfied they certainty mally quiet---UPL

Our Caught to be For the bulletin | indertaken by the IMF.

1h month "The Eronomy at result of these payments is an £300,000,000 increase of some Mid-Year" is as happy as

Britain's drawing-right have seen it for a long, long !time.

which fis very opening words

second Ther art the tone of the entire reviews | reserven, "Expitesini la eletriy under "why oni apoinst a backgrund

table piece and a Strong ex- Incal

Enerunging position signs are the broath hase of in- erease in autat and the marked laise in productivity per man,”

SAVOURY PHRASES **Expansion,** "arble prices,” parsition."

24-187-41

titledged and

Bat

Cobooks 20 CALL Coltsols 47, Convecomm

LOOK

Fundus 1.031

ERVIZIN

MTK DR

Muße

19839/05

Funding Block £2

*

3 en

Tak Na

Вакни 20.

F

3. 1981/70 1900/21

$10 CH

Fondant 1

Say Bus 3..

Barclay's Harsh "A" 10 d 5%

tand Plank

Flongkeng £9

Invirance

Vama Jentayan Cat 1 25%

Aircraft and Motors

174

Arith othe Cong

Ford Motor the 79%

Breweries

Diablers Ch 2014.

dine and Materials

Purtland Cement

„Acorkpal

Pinehur Jolitan Ascorbate, Chi 21 10

Cel, Steri and Engmeeri Habeeck & Wilenix Fat 59% Bad.

Food and Tubyeon

British Ametpean Tech. 11:5 1.14 5 30

Inipennt Traveo Co. 1.4

Miscellaneous

Betelan Marden Lad Ay Rebel Osveen Fol Ond me Canadian Porur aly $am Dunk Bulbs Cu 24 100 ye Thanking & ting Gas (13)

perial Chriwent 1550 104 TYGOS & C7 !. Unilever - 112 1

Paper

Bowater Paper Corp And Ape.

Radin and Firetreat

A stated Ebezizlerd (2%

Bestilent & Musical 01. Sat. Englih Bretrie Ch 45%

Gear Borte 20%

Del-Camer

old at a

Shipping

Co 5003 May

The

P&O Stan Navication of or

--137~

Stures

Gra tiver at Stores AMG GTA

..

Marks & Spencer Lad-50% tel. Wodwind P W & C-390 64

7rxibles

Conta&PLk 7th,

Courtauleta LA-40% 9.

Min

Anglo American Corp of South Afrien- «167 1

external

"tions!

sturise Parerease in poeticity" phases to rol around the tongue and to savour. Phases that he i Br more sawany hreaten

world 1boy have fremed pateticilly in propriate such a relatively short

Fira aco.

Arc

23,

at 281 28 70

150 2150

K and..

Hombreys Rently

Ruc

Amate Trux1

215 4.02

31. 10:00 3.15

A Tawah..

S. Kelant

1.03 SKA1.55

29.40 2966

In addition to

this the Index of wage rates was stable and June (3 between Match per cent higher then earlier) and the index of retail UTILITIES prices after 14 months' stabilly

fell lightly in Junr.

This expansion rays the bed- etin is likely to continue as full¦ effects of the budget

WOOK! through.

It commeratg further:

Ľ

Light.

"Higher; sa consumption has made in contribution so far to this expansion in output. With Elretrie

Investment and! higher public more private house-halfglug, an)

xed invest- increase in total menti ikely

ان بالا

4211

500 HA

100 112 57142

17.09 11.00 17 99

... 20.5 20.30

10

What of the picture in details

Exports are on Mac 28.20 22 Firstly the industrial onl

a rising trend in Une with grow- i Pelesinge le is increasing. These are the

Illetin's very own unequivist world setivity and on the

Cons Goldfields of Souls Africa --

02 Pl

Con Zine Corp ed

De Beers det 171. B.

Fire State Devetomount &

avent - ki

Hourlons 1 a 7, d.

Pet The 750.

Rand 1

30. 574

{CITY@LIGHTS)|

(0x0

"Actually, it would pay us

to concentrate on Jewer

types!

London Ripiras Service.

words.

Car

for production example in the second quarter i per cont of thats year was higher than a year earlier. Out- Invert-out of commercial vehicles ore

sharply.

This also applies to furniture, engineering and elte-. trical goods generally, and there Care heartenbig improvements to Cddenining - las seen in production of chemi- irls, paint, dyestuffs, and cotton

textiles.

Southern Kinta come tat-200 ful

Thom Porn 714 19

Wert brief mein

10 11

We tend Cone I

Orl.

13 unen Petroleum Svadi-

T: Peiroleum Co., Ltd-17

Burma-179.

val Batch Petroleum- £10%.

She Tennant "

--Reuter

Trading-1518

Tips For

U.S. Stock Market

OUTPUT UP Since the inerrase in produc- tion coincides with

thart tovet of unemployment during the comparable period of last year, if follows that out- The pat per man has gue up.

index of production, which is based on a starting figure of 100

JERIUmption that

this inrise: INDUSTRIALS Well be maintained there is cement

kely to be a substantial -- plus on current account. In the STORES, ETC.

for the Dairy balance of payments year,"

Watson

PROBLEM

23.10

2000 / 1700 2030 14 17,20 2010

40.) 17.4) 300 17 9) 1000 17.80 100.35 100.40 1500 20.30

300 29.20 100 20.49

volume.

There was some crosion quis late in the session follow-through

of

Digant de Nemours Eastern Arilne

when support failed to develop. Brokers have been disappointed in the past Two weeks over the market's failure its generate any volume on the upside,

There were A number of lEst. good gains in the main some running past two points. Among the mujor groups, the electronics, steela, motors, air- all crafts, papers and metals featured on the upside.

The commercial weckt cost- Ind Comme rezal Jantes--CIT Credit were downside features reflecting an increare in short-

mbrowing costs.

Today's valuing was 1.500.000 shares.

Of a total 1,187 fason; traced. 338 were higher and 115 tower. American Exchatze voltime was 700,000 shares.

Bonds volume $4.190.0110.

amounted to

Closing Pricos

Abitibi Pwr, & Paper Aktra Inc. Acy.

Algoma Steel Corp.

Allied Chem krais Altin Mills ne. Allis Chalmers A. Brake Shine American Airline American Cante & Radio Corp American Cyamid Co. .......... Amer. & Forgn. Power Am. Gas & Electric Am. Home Prod. Am. Mach. Fdry American Meta

Am. Natural Gas American Smelting Ain. Sugar Ref. American Tel, & Tel American Tub, Anneraita Coper Arm Sterl

Armour

Alus Com Miging Faldwin-Lita-Itam.

100 17.40 Halter & Chin

2921

Hunt at Montreal Beneficial Fiumee

TAMI

Eastman Kodak

El Paco Natural Gas

Ford Malet

Georgia Pacine

20705

Family Finance Corp

Fiscon Tyre & Rubber

1:0

Buat Nat City Dank

4129

10

5452

67x

40

24

General Dynamics General Electric General Fortin General Mot

Peh, Unl

Ge Tyre & Rubber silidden Co

Cedrich . F. Co. Crumman Arerats Gutt Onl

Bryden Newport Corp Bomeriake Mining Co. Bussando Refrig.

Idaho Pawer

} Enigeria? Gi

bagarrell-Tanet

Inland Stou) Co. Interebunicut Corp.

Int'l Brislara Machiner Int'l farvester International

Nickel

International Paper

Int'l Tel & Tel

40%

RANSPORTATION

British Fishing

Trawlers To Be Modernised

BETTER looks, more

comfort and greater

efficiency are being built into British trawlers. These assets are reflected in nine vessels now under construction for the near-water fishing fleets of Aberdeen and Lowestoft.

They are being built by four ellfferent Jens for various!

owners. Hall. Rossell and Co. New Small

Aberdeen,

Mitchell, A. J.

Peterhead and Richards Iron-

201 works, Lowestoft,

Nuclear

each have Reactor For Ships

4093 | orders for two vessels and the 1

400

201

rematador are building at the

Beverley.

Yorkshire yard of

NEW small nucloar

412 Cook, Welton and Gemmet. A reactor suitable for ship

1643

673

All are a complete contrast to The old steam powered trawlers featured for so which have Jong in these and other parts. The hall dedges are based on TCED LE obtained from tanke 1919 testing models at the National hystent Laboratory, Fidduuzon, The old squat loolding hull with (its upright stem and ebunter stern has been given a new and more raceful look. Accomnu Hen is midshire and uft. The dark house is continued to the afern thus diving full internal access to the bridge and uniple caverage for the crew is all weather. Flaring of the wheel- House front is another feature making for better lines and 50% visibility.

vyd

propulsion

by

designod G. E. C. / Simon-Carva is being considored by the Ad- miralty.

The reactor promises to be a breakthrough in the major development of the British type of pas-cooled, graphite- moderated rerctor. Up to now these reactors have necessarily been large and too heavy for

ships. The G.E.C.'s design

is for a recetor producing about 50 MW of electrical

power weighing only about 2,400 tons. The reactur itself including slelding would only be about the size of one of the charge- discharge machines at the un- tersion nuclear power station in also being ball by

The trawlins will be puwered | Scotland, by- diesel » 19gines from a new G.E.C. rante rectantly put into pro-

duction by the National Gas EARLY STAGE

Engine Co. of

The compretrese

Although the reactor is at an

of these power units means that early stage, it can be rapidly #pace formerly required for carried through, without much can additional development. to give

bollers and

rol bunkera

be ta for larger Ash compact, operationally safe und holds and belter accommodation commercially competitive for the TCW.

marine propulsion unit. This is because it is designed on the basis ut current technology as a small repetor ou the British

SPECIAL DESIGN

$24

5412 10019

1321

John-Manville Co.

54

Kaker Industry

Kiss C. Power & Light

Kennett Capper

Kimberly Clark

Faggett Meyers Tob, Co.

Lily Ta

541

Litex In.

Luckleed Aircraft

Loews Invorp.....

$ 371

Lone Star Crusent Co.

1112 20%

3115

2.

372% 34

Air J. Ray My Donnell Aircraft

19 3914 3223

quel Mount from Comp

Minnesota Mining

Mision Development stonsanto thermal Co. Manteonery Wand Meintola The.

14114 2002

JZ1 9132

12 Nathimal feruit Ca

52

Natioun Cash Reg. "A"

120

#2

Son Lend ..............

National Pairy Prod.

53 $2501

National Steel Corp.

221

01

New York Contrat

4477

Weranda Miner Lid.

15002830 200 28,38

307) Norfolk & Western Ry.

North Amer. Aviation

303%

and

#171;

Northwest Airlined

Com

Luneauhire.

Ola Malesun

381.

34 34

Otis evalora

Owen-iin: Gluss

152

112

Oxford Paper Co

29'

17.00 17.70

10.40 1 0

100 20

155

Paulie Gas & Mire.

45

Pan American Airways

#12

now

Part Pictures

T

1. Craw

VCTIONS

Parke Davis Co.

461

Bendix Aviation Corp.

Penny J. C. Ce.

1119

1

Benguet Cons.

Rena Suit Co.

Textile

20

6.36 7000 4.20

5007

ethichen Steel

1 Morris

[Howing Airplane

316

Pitney Bowes

151

Borden 19her Co.

Procter & Gamble Ca,

R

Kanyang

.

| Burrough Add_ Machine

307

Patrgh Plate Glass

2x

M

Publieker Industries

11.

Pure Olt..

INVESTMENTS

Cann. Bk. of Comin.

BO?

Radio Corporation

01

4.70 05 1030 0.75

4.00

Co.

Itadto Corp. Pref.

77

Canadian Pacific R.

Rayther

4312

FE" Invest. XD 11.70

Cake (J. I) Co.

21%

Iepublic Steel

78

Cat. Tractor

Reynolds Metal

10512

Celanese Corp.

at speeds up to 600 r.p.m.

Hoval Bank of Canada

Chase Manhat. Bank

C. T. Pinanclat Corp.

Sea petik & Cu.

47

(30

Shen Oil C

311

Miryaler Motors

1.43%

Safeway Stores

38

Cheft Peally

Saint Best Paper

5214

>

Colombian Carbon

493

Schenley Inc.

MG

Commercial Credil

Contatidated Edison

0.3

WAI

$1.0 ita thasret

In the end

Ulti und Tical exchange market morning at the following rater: U.. dollars (per $11

5.72 Sterling notes ipar £1) .... Australian notes (per EU

Continental Oll of Del

3???

Sinclair Oi

Scott Paper

#34

Siaith. Chne & French

093%

Crane Co.

4

Socany Mobil Od

Crown Zellerbach

37

Solar Aircraft .....

147

Cuban Anier. Sugar

201

South Puerto Rico Sugar

101

15.01

amont Alkall

5711

Southern Co. (The) 2-

402PM

12.00

Diamond Card

1435

Sthem National Gas

50

Indonesian

3.8

20.40

4412

Southem Railway (Con) Standard Brands

735

1.83

Standard Od of Cal.

52

Standard O uf Ind

4872

Standard Oil of NJ.

ty

In the bridge. This means that

1205

the Captain in

necessary, to lake

| Staltety Van Cantz.

212.

alete control of

able.

over com. the

when FIRST OF TYPE

Stone & Webster

Studebaker-Packard Corp.

moveinents,

| Sunchine Mining

Swift & Co.

Ba

€23

24P

13220

Pine Ine.

*****

32.60

Tri-Cant Warrants

231

32 an

Twentieth Century Fox Fim

32:41

tulon Carbide

14215

30.41

talen O of Cal.

30.42

Union Pacific Ballway

United Alrefalt

It is only in the anal para graph that the bulletin reverts the problem which is exerising the Chancellar of the Exche~!

A

deal turns quer:

great however on the continued main-

Int. tenance of stable prices....the Ama achievement of stable prices will depend on how for the op- portunity is taken to muke such price reductions 15 are now possible.

3000 4.20

10 40 10.00 300 or 10,30 5000 10.50

estil Amer. Dit

Calif. Packing Corp.

| Coopbell Soup

That final exhortative note Exchange Rates

Interpret as opening shots of a campaign-as yet inrevealed- to persuade by the Chancellor to manufacturers

cut prices

thus wherever panibble and consolidate the remarkable re- covery he has wrought in the economy.-London Express Scr.

vice.

Yesterday's Closing

rupiah (per 100) .... Slam Neals (per, loi) Singapore (Straits)

Daininion Stores

Douglas Alteraft

Dow Chemtents

COMMODITY PRICES

SUGAR RUBBER

NEW YORK

Closing prices all cruis

in 1954, demonstrates the out-per lb.: put increase thus

In the Arst quarter of 1938 the indlees of production, om- and output per man ployment were respectively 107, 102, and 104 in the first quarter of this year the same Indices rend 108, 100 and 108.

New York, Aug. 25. • Unemployment which hit! The long overdue correction a high spot at the beginning of now being experienced by year 14 now silding down the graph while the line re- unniled vacancies to meet ti

the market seems destini presenting

in July j ed to last longer and climbs proye more thorough there, were 17,000 fewer unem- ployed than a year earlier, and

than any previous set-u1,000 more jobs going beyging back of the past two then in July 1958.

Contract No. 4 (world))

Sept: 2.80; pet: 2.82: Jan: 2.21 March: 2.03: May: 2.97 July: 3.00; Sept: 3.03: Oct: 1.05: Sput... Cuba 1.82.

Total Sales: 300 continets. Open interest: 8,148 contracts. Contract No. € (domestic)

Seat: 5.03: Nov:

5.05.

GO: March:

5.49 Soul-(c... N.Y. Ex-dat

Total Sales: 11 contracte.

1.204 contracts. Open IntereR: VII.

NEW YORK

Rex rubber futures closing prices, all in cents per lb.;

Sept: 30.00; Nov: 31:16: Jart: 35.00; Mar: 33.15: May: 34.55; July: 34.35; Sept: 34.10.

No. 1 Sept.

No. 1 pale enepa

104%-1051 10011001

Dec.

May

July

NEW ORLEANS

50

1317

Ste C, of Canada

Sterp Rock

Sterling Drug Co.

Closing prices all in cents pAT Jb.:

Texas Lo

Textron Inc.

Tide Water As O

Thiol Chem.

United Frukt

United Gas Corp.

U.S. Foll "F"

BG

יד

יפן

420

26

Spesially designed for use in system. near water trawlers and almi- The outstanding feature of the lar sized craft the new diesels reactor

Its fuel element

is

tre in 8, 7 and 8 cylfuder units design, which allows heat to be enverint a total output mnge extracted from the fuel si a far 342-1372 brake horse power greater rate than anything

The achieved up to now with gaz

new

At

trawlers new building are Atted cooled reactors.

The fuel to be used is uranium with turbo-chirged 6 cylinder

mits developing 515 s.h.p. at dioxide, slightly enriched with 300 rpm. One of several un-U 235, the fissile Isotope. ummal features about the

will be clad in stainless steet. type engines is that they can None of the technology neces- be reversed from full ahead to feary to build and develop the fuil aster in a matter of a few reactor is new. Although it is seconds. This is designed to now being considered simply as reduce manom vring hazards a possible nuclear propulsion io develop when trawling in heavy sens, uni! it is intended

innovation for the reactor to produce power at Another useful this class of vessel is that pilla cost competitive with that of engine controls are duplicated | convention "thermal plant.

ressel's The reactor can be charged and discharged while it la oni At sea, carbon dioxide Designers of the engine have load.

be

fron ease could

manufactured Kiven special attention to

the bunker bil, freeing the ship from of

trid maintenance

even reliance an shere supplies of

construction is such that

major repairs

can be effected coolant gas. with the least possible amount of dismantling.

The first recctor of this type for ship propulsion would be £3 million. built, for about Vessels Redutors in fuel requirements

Ris elnimed that with the completion

of these Aberdeen and Lowestoft will have the rust modern

Ashing Reels

waler

world,

US Line Co.

3011

U.S. Rubber

0143

37.20

1.5. Sueltitry?

US. Steel...

S. Steel 7 C BY

14515

103 Tourist Class

72.53

Warner Bros.

4812

32.35

4225

32.39

31

Air Service

50.39

30.40

39

4D

433-

BAY

THE

10116

UPI.

LIVERPOOL

Closing prices all in petice për 1b:

Waukesha Motors

Westinghouse Air Broke Westinghouse Electric

Western Union Tel. Co. West Va. Pulp & Paper Winn-Dixie, Stores Woolworth (K, W.)

Zenith Radio

Alarcy/April

Spot

Oc Dec.

March May

SINGAPORE Closing prices vents per lb. ports:

July Def.

Dec.

all in Straits 1.0.b. Malayau

Oct

08-10016 100-1061

No. 2 Sept.

107-10745

No. 3

American Control

No. 4

Oct/Nov.

21,34

Spat rubler unbaleti

Dec/Jon.

Dlanket crepe

102-10414

41.00

B.E.A. SHOW

196-110

atay/June

21.05

Oct/Nov.

21.17

A PROFIT

Mixed Contract

Oct/Nov.

11.76

Dec/Jam

March/April

F11.00

Oct./Dec.

31-3114

May/June

21.06

Jall/March

2034-30

July/Aug

21.40

April/Juna

Del./Dec.

£135

July/Aug.

Sao Paulo unavailable today,

Oct Dec

271-27

-UPI.

General markets. c.s.f. basis, ports:

Bept.

S07-311

Oct.

$0.12

Estale crepe thin Sept.

12.31

11.33

32.44

30.04

30,17

102.02

102.071

thick Sept.

AMSTERDAM

Closing prices all in guilders

per kilogram, c.i.f. July,

All unavailable.—UPL

METALS

1b.:

LONDON

Closing prices all in pence per

No. 1 as spot, 315-3177

Settlement house term:

would make available additional near carrying, capacity of the order of in the 5,000 tons and costs per toa mile carried would be comparable with

for conventionul It is expreted advances in design,

those

thermal plant.

that, with

these costs can be cut silli further,

BIGGER

SHIPS

FOR BELFAST

ВСА

COTTON

NEW YORK

FOREIGN EXCHANGE

LONDON

Closing rates:

New York Montreal Strussels Frankfurt Party

Stockholm Milan Vierna

Closing prices all in cents per Zurich

་ ་

2.001-30034

2.67 6/16-2 7/10

140.40-140.45

13.704-11.75 23.701-19.70% 745-453 176358-17437| 704-7247

12.1134-12.1211

Now Yoxir unavailable today.

-+-UPL

London, Aug. 25.

THE tourist class servico is

rapidly dying out on

North Atlantic ole routes,

according to figures publish-

ed here the international W. The Viewed Ch of Air Transport Association,

Victoria During the second quarter of the "highway into this year generally considered Belfast" which is now al. to be the boom traffic period---

IATA airlines carried 377,553 most comploted, trans- passengers across the Atlantic Atlantic liners and holiday but only 17,087 of them travelled cruising liners will be able to London, Aug. 20, tourist class. In the same period berth In Belfast Instead of, British European Airways

last year, tourist clubs passengers

somo miles away in Belfast [made a proßlt of £232,695 last

totalled '200,133. year, although most of the Now the majority of tourists Lough, world's airlines fost money, the travel in the new and eve'}} Ships up to 40,000 gross ton- Bláto airline's manual repart cheaper economy class 277,650 te and 33 feet draft can use sald today.

people travelled in this way the puri. I during the second quarter of this The widening and deepening promised "sub- year. The airline

of the Channel will shto ensole stantially lower" fares on cer- The number of passengers car-Hurinnd and Wolff, Ltd, to cater tain unspecified, European holl-ried in all cineses during the for tankers up to 05,000-85,000 day routes

1980. 11 in

also period showed a 12 percent in tons, which are now being built would campaign for the

Jecrease over the same period of is increasing numbers for the placement of all airlines' exist.

1954.

out trade. ing tourist clos flights by eco-

There was a 17.5 percent rise The channel has been widened nomy-class Mght, the report (in first clusa ond de luxe pas- and deepened from the Twin Bald.

Irlanda to reoward and a larger It was unlikely that this sengers to a total of 82,807:

To carry the larger number|turning uzzin provided. would be accomplished in 1900 of passengers the airlines have the scheme the channel was 300 because of difcalles faced by fewer but larger airliners. |'fect wide, giving 33 feet depth eceno other airlines “such T The figures for freight carried at ordinary Jow water. The ' converting aircraft not likely to by air ñeross the Allantie also now, width is 400 feet and the be kept in servies more than a slieved a remarkable incréate of depth: 28 feet at ordinary 'low' year or so."

40.0 percent to a total of nearly water. Nearly 3,000,000” ouble B.E.A. has made a profit for 'eight" million kilogrammosİyards of material were removed jave consecutive years/Reuteṛ. China Mall Special.

from the channel,"

Before

years, according to Horn- blower & Weeks.

has Consumption of course

of ensler jumped

as a result credit terms, purchase tax re-

NEW YORK

However, the firm says the ductions, and willingness of Closing prices, all in eonts adjustment represents nothing banks to make advances.

than

The item under normal most eye-catching consolidation of carller galus als head is the boom in eer,

more serious

preparatory to resumption

the forward movement on sounder basla.

of buying which is seen as a major

a cause of the climb of the bite- £763,000,000 purchase debt to

The Fitch Survey says prices last count.

The external position has been now are nearer the bottom of markedly helped by a strong ony further correctional declino,

It suggests that Investors beginick-up in exports in the second

accumulating

quarter of this year-4 per These

per lb.

Lead

Zine

Oct Scot Oct. Copper Sept

Oct дуть

Sept

LONDON

Closing prices, all in sterling

equities chosen cent above a year ago. solely on their individual merit, improved trade figures support per long ton.

Spear & Staff says behind all the view, according to the bul- the temporary frustrations,

etin, that--while not matching Tin spot of dividend gains is 1000's pattern

Tecord-a "substantial" 3-month beginning

which balance of payment surplus will copper spot to energe

3-month thebe earned: should ultimately carry

Lead Bod half Awi averages and many individual The external monetary pol= atocks to higher levels than weilon as a whole," says the Bul- | Zind Ind half Aug. have yet sock-UPİ,

lotin, "has been notably streng- i

בור

Buyers Sellers

701

702

237)

727

Aug. Nov.

lb.:

Hoot

Oct.

Nov.