1959-09-02 — Page 9

Page

U.S.

* THE CHINA MAIL, ' WEDNESDAY, SEPTEMBER 2, 1959.

TREASURY BILL RATE

LONDON

CLOSES MIXED

Increase May Affect London Gold Market

HONGKONG

Selling Volume

London Sept. 1.

The stock market closed i

generally mixed today. Despite some profit-taking in In the Industrial 1st gains out- numbered losses. As the realt

of a spate of favourable com- pen newk, atoren were Arent feature, Bagineering. Textile

and

electrical

were al in demand.

By A SPECIAL CORRESPONDENT

-London, Sept. 1. economics you can take nothing for

That is why granted.

economists hedge their statements about with "ifs" and "buts" and "maybes" and

result they a

seem such

much dogs. It would be so

stocks

as

ir-

OIN Bnished narrowly regularly.

Gold stocks Improved on soluctive demand, coppers were

num.

Gill-edged securiting turned

sexs of a furthe caster ou

rise in the U.S. Treasury bill rate,

Greeks rallied in the forelta stocks bond

Dollar minckel, wre mixed-Upl.

Th

Closing Prices

Glede Donds

Tak 3, 1/

Cool 2£% xd. Chuval, 476-7706

Finan Chiversity

3.

3 Sown

£1

Fundin

41

Funding Stock

Pandion

£1-5/16

42.

Savones a 1965/85 - Co

Rayne 30....

SIV.CLE 3., 1998/75

11:279

£70.

Mares Fank "A Ltd - 21.

"Chan Reyest Bank 14

Flungkung

*

Instance

dull

more

impressive if they could say "if 'A' happens then follow."

Ive

But alas this cannot be. The Pansy economist knows to well law easily anstock by making categorical statemente.

n

Illustration

*

Let introducing straight man

הוידיא!

illustrate this by

'B'

elas-ical)

1

STOCK EXCHANGE

Business

done on the long- kong Stock Exchange this morn- ted to approximately 5,000 m quotations

transactiong:

Khurra

BANKS

anch

Buy Sellers

.145 DO

Kalen

& $15

T

4074

IIK Hank..

INSURANCES

Saraibard

must inevitably suPING

Int'l Tin Council Meeting

London, Sept. 1.

Water

- Wheelock

DOCKS, ETC. Buck

Provident.. Tate Blonde

LAND, ETC. HK R

C 1.

Causes Wall

Pago 5

TRANSPORTATION

Street To Drop Freight Rates To

New York, Sept. 1.

The stock market took it on the chin today follow-

ing a further tightening of the money market.

Volume Increased, sharply an Crown Zellerboch

the sell-off which sent some Issues down me than six point in the main Hat. Plus eighs in 4be 1st were few nod far between,

Cuban Amer. &.par Diamond Alkall Sa Gari Daligina Aircraft Dow Chemnteals Dupont de Nemours Pastor Airline Fortum Kolak

American Motors staged a Inte eccovery which enabled the stee t came from

al of more Firestone 1500 tank

than a paint to a gain of around

a point at the close, But it was the exception.

Many issues saw their losses

El Para Natural Gas ¿Farmily Enance Corp.

|_ Hübber Fint Nat..

Ford Atir

Ford Motur

Georgia Pacle

o. of Cann

Gencial Dynginien

General Electrie

40 widen just before the close, General Foods

Youngstown was one of these.

33602430

15

1.41)

SO

45 433.

32

13.30 33

1230 CUT . T

50

400373

Tomar in

La nat

Reilly

153

Annale

3.15

Americans raised | The International Tin Coun-¦ A. Tawah their Treasury Hill rate above.;

1525

General Motory

B01

CO-2

073

Gen. Puh.

1

Six

Cen, Tyre & Rubber

Getty Uit .....

idden Co...

45%

0114x

132

109

It duished off more thun pointa as did Texas Instruments, Declines up to four points were Bcluded many numerous and

Goodrich (33,F) Co. Goodyear Tyre..

the blue chips such n

Du Grumman Alteraft

Cill D Alcoa, Rey-anmond Organ Ton, U.S. Steel,

nolds Metals. Southern Pacifle,Hesten Newport Corp. Owens linols Glass and Coza-Henwatake Maning Co. Cola.

Today's volume was 2,430,000 bou 310 Toorg 3123 shares. 3.30: SAXN123 15000315

Den

14320i

Quaestur and

dogmatic economilat

whom we

shall call Mentor

/NAMA.

$50

quaestor: What would hap pen if the

Trust

the British rate"

cil

opened its regular

Suyala

Mentor: Gold which bren flowing intà Londou would Instrud flow Inlo America,

Has

series of meetings London today.

UTILITIES,

7

292024401

Quaestor: Why?

The male item on the agenda aght as the Oxing of the export quota

Yout

14

340 E

15

1790 18.10

1000

statistical

Electric

20 20

500 6

29

1

F!

50

TimTE SEONATA

Canton -- ETA A Alterat Bestech Motor Cep. And 1963

11.

Ford Magor (38

Brewerin

Done C 200

Balding and Materials Artcenter) Portland Comment -5),

Angelate to i

Pinehin but on

218 11

Col, Steel and Engineering

Habeck & Wilcox Lig 1

Vicker 3.5 SIN-MY

Food and Tobacco British Ammen Tob Co. 14: 57% d DT teen

MiscellanceUL

1.1 5

Hotdonan Murden 1dd4 TL

OKYBER 1.1. Ord

Built

Canadian Parite Rly $50?, Dulog Ruleber Co 254 A Hongkong & Ginadas Jiertal Genicaľ 424 kl.

77*

Viera Lat -445% 7-d

Paper

Hewater Paper Coip Ori -- 350.

Radio and Electrical Acmelated Electrical-12%.

ertical & Musted 524 d. Enelle Electr - 45. General Electric 3% ed.

Shipping Indo-Chino Sicam Nav. Co. det ord 34, 24.

P&O Steam Navigation def and

Storrs

Stores "A" 4. Great Universal Marks & Spencer 14-18 31 WoolworthL·

Vad.

Textiira Cats J&P Lad a fat. Contacts 1:6 42.

Anglo Ame

ABLE TR [es! atd.

Corp of South

Cradle of South Africa

Zr 1 **Cons

4

Zine ep 10,

the livers def 164 90

Free Slate Development & Invent-

Hoekom Tan- 4* 718 Petatur

Itand 945

Southern Kua Pons

Brien Corp 7).

Mentor: For the glaringly · for the fourth quarter of abylous граном

that the

American Government would be prepared to pay more for

than short term loans Brilish.

Quaestor: And.... Mentor:

year.

position

he

"

the With

er the international in market now better than it has been for some considerable time, market quarters me pre- Couaril will dieting that The

been

and the Bri-decide on a sizeable hervagy in tish would of course have to the quotas which have increase their rate to redirect heavily restricted during the the flow of sold luto their

past year. www rafters.

This

Quarstor: inviably happen?

Mentor:

ay boy. take an astonmatie.

Unchanged

would

ex-

At its last meeldig at the end of May in Copenhüten the tin ran council raised permissile

ports for the third and current 23,000 tons Lo quarter from 26.000 tons. This still entails a 34 per cent cutback in the pro- duelag equntries capacity.

The International tin market is today in a much better con- dition than even last May, due ehteily to the industrial

Europe

All of which explains why or Quaestor spends eternity pestering people with his ques- tions. For last week the Amuri- cans did hoist their Treasury B rate and the British one recovery mained practically unchanged.

2

re-

and the

United States.

For the past month the price There

a short-lived has held steady al about WRE

£ 793 on the part of gh- Hesitaney

believe dealers ton. Tin the edged Shaves on | Market. But that, I am con- vinced, was in a large measure cus to the unexperteriness of the American move. After all it was virtually the first time tha

112:

200 HI

300 40

50 10 28 27

19.40

| Itfalen Power

Imperial O

Ingenit-Hause!

Island Steet Co.

Interchemical Corp.

Int? Business Machines

Int

volume

Of a tela 1,214 issues trade 180 were higher nud #20 Jower,

American Exchange was 800,000 shares. Bonds volume $5,580,000,

Harvester

International Nickel Internation Paper Int'l Tel & Tel

Kandunted to | JeniseMaavale Co.

Closing Prices

Abitibi Pwr. & Paper

Aker lor. Ay

Ahasa Sirel Cus

Alled fhendirafi

Aid Mulk Ite

AB Cats

Am. Broke Sho Awirican Airline, Ameriera Cable & Beco

American Cyanand Cu. Amer. & Foren. Power Am. Gas & Eleble 10.40, Am. Home Prof."

Ans. Mach. & Fikry, 284

Macab E

110 20

FOL

106

500

20

500

***

2833 26 10

C

INDUSTRIALS

STORES, ETC Duy

2375 341;

13:30 17

1

17 40

54

17 43

Wolson

10 50 2240

18,

20180

6:25 150 00

05

190 10.30

1. Craw COTTONS Textile Nangang

་་

MISCELLANEOUS INVESTMENTS

Viber:

fal

13.10

3.30

€ 83

American Metal

An Natural Gas

Amecieza Smelting

At Sugar Hit.

Amsteza T & Tel

American Tab.

Anaeruky Cappe,

Amca" Steel

Atlan Doms, Mining Baldwin-14tna-23juri

1039 in Haltimore & Ohls

Agreed Merchant Rates

Kyala

(Burma

Bank of Monteral Benedical Elate

Bendix Aviation Corp. Benguet Cons. Dethielm Steel Being Atilano Dorden (The) Co. Burroughs Add Muehine Belish Amer. Oil.... Calif. Packing Corp. Usta, BK, of Comin Campbell Soup Cn. Canadian Paclite N. Cue (J. 1.) C1. Cat. Tractor

Manhat, Dark

Rangoon), That most of the original 23,350 Maximum Selling 824. Minimum tons of metal in the stockpile, Buying 83 TT.: 83-11/16 D.D.; by the-1/10 & 30 days; 84% 60 live now been sold

the market, on

to-days: B-15/10 90 days; Swiss maikager gether with all or mest of the Femes. Maximum Selling 4

the fritish | 15/16: Belgian Prunes, Muximum Colombras Curian Co. rate had risen: 2.500 tons

which | Selling

W. German Comunerela? Credit BG5; since Government's stockpile rate Lendon 1952 when the flexible menriary was handled through the buffer Denebemarks, Maximum Sell-Calidated Fallon

reintroeurd in stock manager.-UPI. policy Brilaira By the end of the werk gilt-piged were rallying

the American

bave the

Was

once ne TC,

The Americans raised their Bil rate because their economy

WHIL Is hooing so heartily.

every wanting money to ex-

14-pand industry. to make lours.

and to buy horses, cars und TV

We Dronten Caldining sets, the state is reached where

We Rand Chess 229 3

DAF

Brital Borgen Pelcodes. Syndi.

endi Al Ma

1th Petroleum

Jurmala 14.

Co., Lt

Royal Dutch Petraletim £361 Shell Transpart &

-Renter

Trafi«.

Rubber Market

Review

there is not enough money la po around

Among those wanting a share is the available money

Ther American Government

bern forced to go to the money market because--for reasons which will leave to American Commentators to explain-the Government has been told that it cannot attract more money lay rusing the Interest-rate celing en is long-term bonds thereby making them more cle¦ tractive.

Competition

Singapore, Sept. 1. The market was down t the opening on disappoint-

Consequently it has to com- ¦ ing overseas advices and

pete with all the various people. fears of strike at Good who

secking short-term And it aitracts lenders year factories

the money. in

them greater United States.

by promising reluin for their money. So up American Trentury the $ou

WON

are

At lower levels there Improved buying interest and Bit rate.

short covering lower sheet buy- Why then did the British rate

ing fair but selective with fac-remain virtually unchanged? tories quiet.

The market

On reason could be the pre- opened steadier sent confidence in the strength after lunch with small advance fof sterling. Despite the fact on now of Goodyear'a, site- that we are now in the season nant. As higher level selfors when traditionally sterling came out and therestter ruled

comes under. 'pressure because

demand of ecinmerciai very quiet,

In New York, Nex, rubber dollars, the

pound Toins 55 to futures today closed

30healthy.

from

itt 72-9/10.

Yesterday's Closing

ة السور

41

47%

Colombo To

Be Increased

THE member lines of the Britain/Europe to Colombo shipping conference announce that, owing to a further serious deterioration in condi- tions in Colombo port, they must increase their freight rates to the port to a "more realistic level."

The new

rutes; which are turnround of ships are common understand to be about 15 porat Colombo, cent higher will come into effeel

with the shipping as from September 1,

recession now In ita thiro

Meanwhile

The conterence emphasises, year and no signe of a naturni however, that the higher rates fand unuided recovery sight, still do not ofset completely the The British shipping industry has Increased operating costs of agreed on the importance

vessels having to call at Colom- ho. On purely economic grounds it is believed that a rate increase of well over 20 per cait would be Justined.

It is understood that delays of between 70 and 110 days in

TURBO-PROP

40

421

52

2211

2014

Kaiser Industry

Bantay C. Power & Light

403.

Kemkent Copper

10031,

Kimberly Clark

$

$. N23.

37.

Liggett Meyers Tall, Co

FREIGHTER

Laly Tulip

117

Lation Ind.

11

Joakim Ahwraft

Loews Incorp......

SEE Lone Star Cement Co

Lowenstein & Sons,

Musat Iron Corp. Minnesota Mi

Blasion Development

122, Monsanto Chenileal Co. Montgomery Ward

205RITAIN'S nowost freight-

31 Der aircraft, the

Arm-

|

ΟΙ

making a comprehensive survey

Investigating

16

of the state of the industry.

In addition brond shipping policy insta- which would probably include such phenomerin Angs of financial convenience and the backing contributing to their

worth growth the

survey examine. among other possible solutions, the Tousibillly of co- peration schemes between dry- owners and be- cargo tramp

tween all tänker operators.

Whitworth 650 New Lightship

Argosy, starts its intensive

10

strong

mi,

14025

12%

53

overseas tests at the end of For Irish Coast

this month

with tropical!

311% trials at Khartoum. Lator in

NEW lightship, arderad

the year it will undorgo win. A by the Commissioner of

-1881, | Melmola The.

BB

National B

Co.

513%

National Cash Reg. "A" National Dairy Prod.

01ter trials in Canada.

Namal Lens .....

1221.

National Steel Corp.

l

Noriath & Western By.

Zenth Amer, Aviatio

241

New York Contral

Noranda Mlnes Lid

2944 Northwest Alrin. (Com.J

Olin Malktearn

all invata

159

23

BOND Oxford Pope

Owen-is Glak.

Paulie Ga A Ples.

G91

Pan American Airways Pakaronat Tugtunew

241

$11

1073

Park Davis Co

313 Penny J. C. c. 074 Peur. Salt Co.

305 Pillip Morris 307.

My Bowes

1512 Procter & Gamble ca

Pit Plate Glass

3DT, | Pindieker Industries

2734

验

Puve Oil...

Radia Conpointion

10495 Radio Corn. Pref.

לוג

Haytheur!

March.

mnast the com-

Irish Lights was recently completed by the Dartmouth - yard, Philip and Son, Ltd. Because of the severe gales experienced round the Irish been coastlino she has specially strongthened. She has also been fitted with extra large bilge kools to minimise rolling.

Already one of the fested aircraft in existence Argosy is expected to plete its full certification pro- ramme-to both British and American standards-by next It made its public debut at the Parls Air Show and two aircraft will be on display at Farnborough next month.

Fitted with four Rolls Royce "Dari" Prop-jet engines, it can short tons (12,247 ctury 13 Klas.) of

freight

83 economy - class passengers — When on statlon the vessel is twice the payload of a Viscount moored by a 14-in stud link payland of both cable attached to n four-ton

For passengers.

mushroom anchor. Two 35-cwi quick conversion from passenger | awchors have been proviited and te freight roic, the triple seats stowed in recesses on the port Into the and starboard bows with quick- can be folded away

{"

The ship is 130 ft 3 in overali and has a breadth of 25 ft and a moulded depth of 15 f.

contours of the fuselage stiles.release gear for use

An Argosy full of freight can be unloaded and reloader in 12 minutes and lurn-around time éan be as low as 20 minutes,

QUICK LOADING

D.3

1032

36

Celotero Dorgy.

303

40%

or a mixel To freight and

0.1.3. Planetal Cro).

SP

Realite Steel

801

Reynolds Metal

193

Cluett Peshly

Chrysler Motors Colgate Palmudive Co

613

ROVI Bák of Canila

Da

400

Reback & Co.

40%

Surfi og r

34

4012 Sb Paper

Safeway Stores

33

$5

Schenley Inc.

581

63

Scull Paper

rtmental Oli er Del CERIN CO.

Sinclair out

574%

50x4

.....

Smith, Cline & French

501

Sony Botal of

A$1

Solar Aircraft....

1712

South Puerto niso sug Southern C

Sugar

170

41

Southern Nathai Ga

Southern Sallway (cm)

$3

Standard Brands

721

Standard OH OF C

Sandard OH of End.

401%

MW

12

521

21%

1209

COMMODITY PRICES

METALS

Standard On of NJ, Strep Rock ...... Sterling Drug Co. Stokely-Van Camp. Sten A Webster Studebaker-Packard ( Sunshine tinteg Swift & Co. Texas Co.

Textron the

kal Chem

del/bre.

Apr:1/Ju

The

ency.

in sumer-

The lantern is a fixed structure which houses an optical system

appled by Stone-Clumce" kad, the bram being 40 C1 above ren level and visible In clear weather for approximately 10 the miles. The fog signal diaphone freight floor is ni same level 41, (12 metres) als Mited on top of the steering

hed and shelter; his air operated the average truck

and Inrzo hemispherical ru- by using a specially develope;l has lónding system, known aonators of glass-fibre construc- "Rollerma1" two men can load on.

Accommodation condste or two tons of palletised freight in i

five seconds. A bridge-piece single- and double-berth esbits between the lorry and the air for the crew with

single

one

The master's accumuno-

craft frons out any discrepancyberth cabin for the lending in ground level, and the air hand craft can be loaded from ofther dation is soparated from the crew and consists of a steeping have already cabin on the port side and is day been ordered by an American cabin on the starboard side, air-freight

addition, a separate double berth Riddle cabin i company,

provided

two Airlines Inc., and an unspeel-mechanice when they are re-

Four Argosies

No. T MOR

315-01

SUGAR

Settlement use termi

201

Jns Marchi

Tile Water Asti, Oil

24

end.

Oet/flee.

Pi se........

4131%

Prisfont. Warranty

ra markats, vt.f. 19.11

NEW YORK

* H Closing prices alt in cents per Nov.

Existe trepe the Sept 1b.;

NEW YORK Closing prices, all in

Twentieth Century Fox Film

cents

Valon Carbide

per h.:

Tuon Oil at Cal.

461

Lead

Unlm Pacifle Railway

131

thick Sepl.

Sept.

51.00

afted Alreraft

441%

Chit.

12.07

United Frust

27

AMSTERDAM

Zinc

fulled Gas Corp.

Sept

31.41

U.S. Fail "D"

Closing prices all in guilders

Oct.

151

U.S. Gypsum

31-1

per kilogram, c.i.f. Sept.

Συμμετ

VS. Li Co

Sept.

320

US, Rubber

3.077

Alf unchanged-UPI.

Out

$1.30-42

3.10

Tin

reut. Oct

Det.

Contract No. 4 (world)

Jan.

March

MRY

Jtely

Sept.

Oel.

Spot-to.b. Cuba)

Total Sales: 404 contracte

Open interest: 847% contracts,

Contract No. 6 (domestic)

Sept,

MON

March

Spol (CA. NY, ex-duty).

Total Balen: 26 antracts.

Open interes: 1,301 contracta—UPI.

|_ COTTON

102,02:5

109.50

13. Steel

LONDON

Closing prices, all in sterling per long ton.

Spot a-inuath

US, Smelting

US Steel

P.C. PF.. Warner Bros. ... Waukesha Motore

Westinghouse Air Brake Westinghouse Fleetzle

Western Union Tel. Co. West Vn, Pulp & Paper

Winn-Dixie Stores

Woolworth (K. W} Zenith Radio

yers Sellers

701

712

3.60

NEW YORK

Tia

6.00

Closing prices all in cents per

Copper

Spai

3-montli

Okt: 32.30; Dee Spot: 33:25:

32.; May 32.21 Marett: July: 32.37; Oct: 33.40; Dee: 3.1.15.

end ist half

2

Sept.

Nov.

Zine int halt

NEW ORLEANS

Sept

Nov.

544

147

RUBBER

for

lb.

NEW YORK · Rex rubber

futures closing

points higher with sales of B5 Another probable reason is the prices, all in cents per lb. contracts.

suspicion

American that the Ignoring the weak spoil In Treasury Bill mte is not going securities and the boast by. to stay for long at its present

banks in their high level. commercial prino Interest rate to a 30-year economists

American

Some fear that

dear curtail pesile of 5 per cent, rubber money could in time futures foreign markets, but consumer spending and business extent which mare especially in face of us-investment to an tained consumer buying inter- could make it a greater threat cat in both the delivered market than inflation.

und in shiperent rulibor.

Finally, one must remember that international lenders can

Sept.

Nov.

Jail

hard

May

July

Sept.

Closing prices all in cents per

Dec: Spol: 31.33; Oct: 12.30:

12.0: May 32.00; 32.19 March July: 32.33; Oct: 30.44; Dec: 30.4K.

3760

SAO PAULO

2.40

36.16

34.16

All unquoted?.

35.40

34.40

J$20

SINGAPORE Closing prices all cants per 1b, ports:

in Straits t.o.b. Malayını

Brcased activity in the mot still lodge dollars in London at No. 1 Sept. market included some, sales, of

out of Vietnam atutes more attractive than that one theets

30 cents. Spot No. 1 Rss offered by the Treasury, British No. 2 sept.

Average price in U.S. at 14 de- signated spot nunckole: 31.83 cents.

Total salon: 41,210 bajce.

LIVERPOOL

Closing prices all in pence per 1b.:

American Contract

21.00

21.70

71.55

Mixed Contract

22.00

Oct/Nov. 1001-1001 Dec.au. 15475-1949 March/April 10514-3054% || May/June 1042-105 | July/Aug 10233-10314 | Oct/Nov. 103-107 1031,-10345 116-118 Oct/Nov.

Dae Jan March/April May/June

Oct/bec.

Oct

municipalities, for example, No. 4 frequently offer attractive rates sponket repe Wes quoted at 38% cents,

London, In

the rubber

for money at short notico. market was quietly steady with

All of this I hope confitme my. No. 1 pale crepe 1/18 to 31-5/10 opening spot down

sentence that!

LONDON pence per pound.

economies you enti lake nothing In Amsterdam, the rubber for granted-Laxton ExpreES Closing prices all In pence July/Aug. market was dull today-UPI. Servleo.

per lb.;

No. 3

M

rubber unkaled

In

FORLIGN

|_ EXCHANGE

NEW YORK Clesing rates; Conada... England oil)cial 30-day DO-days Vihers unchanged,

LONDON

Closing rates:

New York Montreal Amsterdam irumets... Coperthna Frankfurt

Dalo

.00 J'arin 2225 Stockhoun

23.0

Allian

2105 Vienna 2150 Zurich

וי

fled number of the miliary

for

version are to be ordered for quired on board for maintenance

purposes, the R.A.F. Fotential orders from other airlines, which have | SPACIOUS 1001 signifled intent to purchase,

30

00%

J

4710

201

40

40

104

LUPI

(12

equal unother 40 glrcraft-ult A spacious mess-room is pro- . of them from outside the United vided for the crow in the deck- Kingdom.

(house on the port side and 14235

Five aircraft are already ly the starbeard side is situated the Compartments are 481ing and two more have been radia room.

given over completely to tests, arranged amidships for showers, New Argostes are now being wash basins, baths, etc, with bullt at the rate of one a month. 2n adjacent galley arranged A correspondent who flew in Alhwartships; this contains a re- the "Argay" recently found frigerator, wash up, plate rocks, coal fired cooking as comfortable and as smooth qaete, and a

present day passenger range with boller embodied for alicraft. Although seating ac-heating all domestle water for All class it is at least accommodation is heated by hot

water radiators which the average

are tourist

operated from an all-fired boiler In the machinery space,

עתןןןןן

Unemployment commodation is described as wash basins, showers, ele.

In Britain

Londen, Sept. 1. Unemployment in Britain jumped lust month for the first time since January, the Ministry

Labour announced.

A Ministry statement said the rise of 32,000 in the num- ber of unemployed was the frat since January's high figure of 021,000,

The rise, caused largely by 3/1 Increase in unemployed 1.04 15/16 boys and girls who have just left school, brought the total of unemployed In Britain to 427.000, the Ministry Bald.

2.0010

3.8030

2.8063

1.60 5/15-2.00 7/16 3.07 1/10-2.07 3/19 10.00 3/7-10.00 6/8 340.15 1/2-140.13 1/2 10 35 170-19.35 1/2 11.73 1/4-11.73 1 20.00 7/1.20.01

13.09 3/2+15.74 3/4 34 60 5/8-14,50 7/0 1730 3/4-1740 174

73.24-$2.40

32.10 774-15.11. 1/0

UPI

economy equal to class standard,

POPULAR

The steering al elter a linked up with the maler's cabin and The fight dock is rely to be machinery apnoe by telephones, popular with pilots the world and a loud haller la installed for over for it was only after on communication with vessels in extensive survey of opinion that the vicinity.

fa

final lay-out was decided, The machinery The Argocy which has been situated amidships, where tho dubbed the future work-horse lighting sets, fog rignal sets and ` of the air, is an aircraft which three farge air receivers aro could have a marked effect on installed. The lighting sets con- the already rapidly expanding sist of two Ruston & Hornsby I offers IVSHZ oll engines of 7% .hp. air freight business. the prospect of passenger and (at 1000 mp.m. each and tawo freight rates comparable with 2VSHZ engines of 15 bhp. ot purface transport plus the added ! 1000 r.p.m. each, direct coupled advantages of reduced trans to 4-kw and 0-kw 100-volt de. time, reduced risk of damage guntiators respectively. The fog

in all sets comprise two Ruston and consequently lower

in a projected & Hornsby 3VSHZ oil engines of surance rates. Bir-bus version carrying 320 34 bhp. at 1500 TIM. sach

clutch to passengers it could operate at as coupled with

1.20. thie Jittle as

per passenger Reavell FR. 5% by 10 air com-

to re prescor for cupplying air has colvers. An atler stiles service

Explosive fog signaia

Exchange Rates

Entrees was done in the local

unomelal

exchange, market morning at the following maten- 1.6. dollars (per $1)

Sterling sales (per £1) ..... Australian Bates (per £1) ...

Indonesian rupiah (per 100).

Stam ticalor, 100) Bogapore (tralia)

mite.

6.73

a

箱

10.00 niready been established and are operated electrically and are 12.41

200 the company claims that creditted to boons port and 2010 facilities equal to any in the board at the after end of

1.03

world are availabic,

vessel.

star-

tho