1959-09-24 — Page 9

Page

THE CHINA MAIL, THURSDAY, SEPTEMBER 24, 1959.

ANOTHER LENDING FUND?

London

Proposed Scheme

To Aid The

Slightly Small Countries

Lower

London, Sept. 23.

Dull conditions persisted in

stock markets today and; further widespread but mostly small fills were!

[1] recorded in almost Rections.

In the

London, Sept. 23,

In the coming weeks we are likely to hear quite

HONGKONG

STOCK

EXCHANGE

U1/9

morning's

a lot about the International Development Business done on the Hong- Association. Without doubt a proposal that kong Stock Exchange

morning amounted to opera such an organisation should swell the already rely $1,604,000. Noon bloated list of international bodies will figure quotations and the largely in the deliberations of governors of the World Bank and the International | BANKS Monetary Fund when they meet in Washing- ton on September 28.

transactions:

JK Ben..

INSURANCES Union Lombard

Anyar Briley

18T16

Bales

4014

0311 20

4500 in 8.10

0.03 1000 0,05

17000 EU 18000 0.0

Since the enthusiasm of its readless to lend at low interest Underwriters advocates is likely to drown out | rates and necept at least part of SUMPING Best cu uncertainties, the

of the the repayment in the local cur- | Winelieka further

doubtful murmuring development

and, anynnej renry of the borrower. ancommitted. criticising to made to appear But what would I.D.A, do

charl, but if inight by wilt to with all is loent currency? | Docks, ETC. take a di pesionat- kök #at this; The auwer Is deceptively, K. Wharf ..

...... $TIS itler while it is still no inoraj: Imple, Lef us as me that the Back Ban that,

"Kingdom of Broke" has repaid

Jasper affair and the renewed inderision on Wall Street over night were alf restraining ins

forurens

fullsetgod seenritics driķied lower to clense with numberón. falls of re-sixteenth to fath

GNU

Fahly extensive small were recorded in the industrial

falls

CITY LIGHTS:

RAZ

"- don't think, sister, we should worry unduly about the jumpiness of his chart Just non-after all he is a stockbroker.

London Kipraha Seriive

Were ha!

market. The leaders aften fw pence easier Imperial Chemicals were a good feature and finally closed ad up at 427ed on dividend hopes, Steel shares were again an er- ratie market and mostly closed with further small lowes.

were distinctly

Gold 'shares dull but there were occasional good features notably Conpolt

dated Goldfelds.

WALL STREET ADVANCES ON BROAD FRONT

New York, Sept. 23.

The stock market advanced along a broad front today restoring nearly $4 billion to stock valuations.

The rise was the Orst in the lust five sessions. Most of the

groupg

Joined in the mjor cdvance with galus running to elight points or more in Domo instances.

Recent declines

Wero brought about by the

Clace Manhat. lank Chrysler Molors Lluett Peabolly Colgate-Painvolve Co. Colombian Caroon Co. | Cummerelai. Credit

Consolivated_Edmon Continental Oil of Del.

Crane Cu.

generally

Crown Zellerhacts cuban Amer. Bugar

Diamond Alkali

the

Diamond Gard

Dombi Stores

These the

Douglas Alterait DOW CINATA

Dame inßughces-Ught money, the

and visit. investors in

the market

13.09 edge.

0003352

104

45

100 48

009

. 13:00 13.76

500 13.6)

steel Khrushchev factors kept $1.75 ridelines and

strike

500

1500 1370

200 w 3350 100 3335 50 30.75

500 29.40

1000 29.40

300 120.40

J7

070*30*4 100 301

The khoa has its genesis in aan 1.D.A. loan partly in its own Provident İsincere conrera for those Ballon currency

of "dudds". L.D.A. need to develop then looks around for another Talkon Back 335 33.75 which badly Prunerleally but which cannot | borrower which could profitably up to the relatively spend "Buddy"" In "Broke." "xacting standards demanded of Local currency re-payments of its customers by the World this second borrower are, on the LAND, ETC.

liame principle, lent to a fisted | HK Hofe!" 29.40" 201; was added to this borrower-and so ad infinitum.; prod by the realisation that

DOUBTFUL unless there were in apprcelable

text-book

Jank.

Legency

IK Land..

19.

rise in primary commodity reumanies but its practicability Realty

Humphreys 17.40 12.00

This

may be

finance

International

+44

1.00

of Amale. 3.47 Trust...... A. Tawah. Suprale

prices, the producing nations would not be able to forge doubtful. It assumes ing healthy economies from existing | readily, the willingness

verstas loan and aid prospects, borrowing nations to trade with For obvious enough reasons of each other. international polical and The Times" of London was economic importance, something (not raising a lone voice when it would have to be done to re- medy this state of affair,

REMEDY

1.53 1000 414

2000

too doubted the practicability of UTILITIES "this sort of perpetual motion,"

Tram ** The sume

also Yaumati newspaper [knocked the suggestion that the C. Light 18.20 10.30

use of local currencies for re- meet-payment was relatively painless when it said: "The whole con-

year,

The remedy PROPANE (af World Bank and I.M.F. ings in New Delhi Just was a body which could Hans available to sanaller iries en loser furms than tho

of the World Bank.

make ception of re-payment in ioent coun-currencies is implicitly based

1000 3007 000 210

Dupont de Nemours

Ostern Airline

Eastman Kodak

El Pano Natural Gas Family Finance Corp. Zuestine Tyre & Rubber

| Nat. City Bank Earl Tower Co. of Ca

Ford Motor

Brokers believe now there are enough oversold stocks in the 1st to form a good base for me covery.

They feel fome good news could spark on upturn Georgia Pacifie such as settlement of the long steel strice.

Today's volume was 3,010,000 shares,

Oru total, 1,216 issues traded

| 788 were higher and 233 lower,

American Exchange volume was 0,800,000 chores.

Bonds volume zmounted $940,000,

General Electric

General Dynamics

General Foods

General Motors

Gen. Pub Qui

Goodyear Tyze

Grumman Alrorati

Hammond

Interchemical Corp

Int'l Buudness Machines

77

248

3315

BAS

201

The Depressed State Of World Shipping

London, Sept. 23.

THE shipping bulletin of the Financial Times today examines the present depressed state of world shipping.

The elty

that

dally writes shipping, which relics entirely upon world prosperity is almost

nione among the major inder-New Deep-Water

uries in n stile of depression.

Nearly all other industries have

30% either roenvered or are well on Dock Berth

尘

their way to recovery from any

recession they have encounter-

ed in the past two years. {THE first ship to dock at

Imports and exports of most

THE

1 the ΠΟΥ countries are now running at a

According

10

deep-water

bigh level and ore increasing borth at the Palmer Hebburn while the volume of world in Works of Vickors-Armstrongs dustrial prostuction 14 Im(Shipbuilders) Ltd. was tho proving. latest United Nations economic Furness, Withy liner, Occan survey production in the Indus- Monarch, returning for on- trial countries by March this nual refit. The berth is part your was slightly higher than of the development schema the present recession peak, and

It ralimaler that output in 1930 at the yard which includes a 10 will be above the 1950 level.

of taking tankers of up to

37

48

20-WORLD TRADE

401 The primary exporting coun-

109

00

45

701

63

ZA

Gikiden Co.

den. Tyre & Rubber Getty 611

101

451

$5000 in 1,023 315 29300 14 3

Goodrid (D. F. CỬ

13

1,2011

20000 31

L

4.20

430

Gulf Of .......

3.10

to

2.03

5000643

Heyden New

Corp.

►

Homestake Mining Co.

2000 pr 3.05

Husman Refrg.

Dow-Jones closing

averages

Imperia? O

30 30!

Ingersoll-Rand

500 3915

were:

Island Stoel Co.

119

si00 a 18.30

30 industrials

024.02

20 rails

182.47

Invi Harvester

020 78.20 2800 18.30

13.0

Deelric

.. 74 10 24 20

271 @ 24.10 500 # 24.20 1625 26 27 200 / 24 20

201

International Paper

02,00

Comer. future price index

14829

2014

4832

10.00

30 2100 @ 30

H

01

* 30%

lggel! & Meyers Tub, Co

Lily Tullp

61

631 growth

in due course to a resumption of

36 30%

2000 35 5000 30 1700 30

351

Litton Ind.

100

Lockheed Aircraft

2056

Allled Mille Ind

100

Loews torony.

The city daily adds "the" im-

12.15 1.70

1.75 1000

1,725

Allis Chalmers

34

Lone Star Cement Co.

Am. Brake Slice

46

Lowenstein &

Sons.

American Airline

20

| McDermatt J. Ray

10.40

10 1000

10.00

Am. Cable & Radio Corp.

8

McDonnell Aircraft

American Cyanamid Ċo,

542

Menact Iron Car

Am. & Fonin. Power

10

Minnesota Mining

48

Mirien Development

1341

Moninto Chemical Co.

B54

Montgomery Ward

23

Macao E, on the vague theory that every Telephone 23.0 under-developed country's anan- |eful problem Is a problem of INDUSTRIALS The resultant brainchild was foreign exchange transfer and Cement

Ere that no burden is imposed on it birth christened before International Development As-so long as re-payment is made | Rope sociation. The Initial capital in a currency

can be Moal i from would ruine

present speat only locally. But much STORES, ETC.

their of this derives from fallacious Delry ..... World Bank menabers,

should be better contributions being in propor- thinking. It

which

tion to their World Bank quotas, recognted by now that a de- Thus of the propused Inial mand on a country's resources Welson ... 19

ital of US$1.000 milion, the is a demand United States would rontribute bowover about $120 million and Britain monetary terms." about $50 million.

The attraction of this LDA.

nations would be its ismaBer

Geeks lost ground in a quiet Commonwealth

foreign bond market,

Rubbers continued yesterday's

Improvement and is trended

harder-UPI..

Closing Prices

Calledge and Bias Tranquez!

Comens A

Cassol A... Convozim

14.

Ika

Funding Lainn

Funding Stock

2701

Funding Lati

24-5-6

35% 1000-

Talks On

Trade Issues

London, Sept. 23.

Commonwealth The British Economic Consultative Council 1039/68 today supported proposals for closer links between the Eure- nis the pean Common Market projected seven-nation Euro- pets free trude arca, confer- ence sources reported et end of the two-day meeting.

conference, at- The Council tended by the Finance Ministers und of ten Common realth seven colonial countries, devoted most of the final session to dis- of European trade

Saviny 12, 195/07-26-7/10. Bayano 2140/70-£NS. Sarmin

1/75-TV..

Banks Barclay's Bark "A"

144 ord-60;

Chartered 11:261 DC.

kku-£5

Instrance

Union Insurance Canlon-£5%-

Aircraft and Motors

Motor Cara Ord-10 N.

Brit

Park Muter V6-70 Tlgd.

Breweries

Distillery Co--2014 Upl

Building med Maleitals

24 19

Con), Steel and Engineering Paberk + Wizenx

1,1d-47

CURSION

Issues.

An official statement

fos!

tonight

Associated Partland Cement-42 merely recorded that the con- ministerlat Pinelen Johon Anweintes Ont-ference-the

the Consultative meeting of Council-had ended; that it had Justed two days and was untier the chairmanship of the British Chancellor of this exchequer, Mr Derick Heathcoat Amriory;

PROPOSALS

*Vickers (44-279 458.

Food and Tobacco Birk American Tob. Co., 1.td- Imperial Tonere Co., Lid-585.

Miscellaneou Hosedman Marden Lid-2 410. Brilish Over Ltd. Ord-638. Canadian Pacifle_Bly—$475. Dundon Flubber Cu-244, Hungrong & China Gai--139. Imperial Chemical--421 7:44. Lyon & Co-75 10. Untiever LSIN. Paper Downler Paper Car Dril-_-346.

Tudio and Electrical Asanelated Flectricni-61 (1. Electrical & Musica)–230.

Codd.

Engine 204.

General

Shipping Indo-Clupa Blonu Nav Co. def Brd-30934,

10 Beam Navigation. det ord

Storea

Cicosi, Untuerenl

41darks & Spencer Liddle Jhd. Woolworth F. W. & Co−sts.

to the Sources close suld the Australian and New Zemand delegations, during the discussions, trode Eurupean

It

on it resources is expressed in

L. Crow...

23.85.

Such curament is fair even it

Kwong 5. M.

COTTONS

it is not constructive. But such Textile

cold-eyed approach is neces-

sary it anything lastingly con

HanyanK

20

מן

800 g 10 1000 18 PO

500 1000370

2006.0

1000 * 23.70 500 23.00

140

7.10 7.15 2000 a 7.10 2000 1.15 31.70 $1.00

truclive is to emerge. There INVESTMENTS has been loo often, in the past, ; int. XD

a tendency for the innate faults Allied

Invest.

ot auch international under- HK & FE laktings to be glossed over by a heady mixture of altruism und titusiasm,

The

That is not to say that finance problems of smaller countries can be ignored or a Kolution safely postponed. LDA. ny eventually be the answer to those problems but only after a great deal of serious and realistle work has been done on the basic idea-London Ex- press 'Service.

Yesterday's Closing

Exchange Rates

15 ques

3 stock#

40 bonds

Closing Prices

Abliibi Pwr. & Paper Alden Inc. Acy.

Altoms Steel Corp.

Allied Chemicala

Ait. Quo & Electric Am. Homo Prod, ... Am. Blach, & F'dry American Motal

Ain. Natural Gas

American Smelting Am. Sugar flet.

American Tel & Tel American Tob..

Anaeonia Cooper

Armon Steel

Armour....

Atlas Cons. Mining

43

2

International Nickel

Int'l Tel & Tel

Johns Manville Co.

Kaiser Industry

Kansas C. Power & Light

Kennecott Copper

Kimberly Clark

40tries are not yet so well placed.

0152

12412

now 850 ft. dry dock capable

35,000 tons doodweight.

With this new quay Palmers

I 1037 was a year of major ex- Hebburn have a river frontage aternal imbalance says the cur- of 2,000 ri.

The existing deep

605 vey, and 1958 a year of down-water quay soon will be broken ward adjustment, 1959 could be to make way for the entrance

year of levelling-out, leading of the new dry dock.

112

0012

4345

National Step

Corp.

po

New York Central

Nimonda Mines Ltd.

57

Norfolk & Western By.

D

North Arner. Aviation

Eialwin-Lima-lam.

“་

4.00

13,80

8.30 4.70 1000 @ 2.63

1400 12

Noelliwest Airlines (QlJ

33

Baltimore & Ohlo

421

Olin Mathieson

4011

Tank of Montreal (b)

Otis Elevators

70%

Beneficial Finance

24

Oxford Paper Co.

Bendix Aviation Corp.

0415

Pacific Gal ̃& Elre,

601

Benguet Cons

Pan American Airways

Bethlehem Steel

Paramount Pictures

42

Hoeing Airplane Barden (The) Tinysoughs Add Machine British Ainer. Oil

30

Parke Davis C

41

Co.

Pey J, C. Co.

107

Penn, Salt Co.

25

Pitney Bowes

3715

1'roctor & Gamble Co.

81%

40

Pittsburgh Plate Glant

Publicker Industries

40

Edit

Pure Oll .....

Halo Corporation

321

ad Corp, Pref.

40%

24

1.91. I. T. Financial Corp.

Republic Steel

Reynolds Metal

103

Royal Bank of Canada

Sears, Roebuck & Co.

47%

Shell Ol Co....

Sxini Reg. Puper

British Columbia Pwr. Calli. Packing Corp. Cana lk of Comm. Campbell Soup_Co. Canadian Paciße R. 12.59|| 1698 (5. 1.) Co.

5.20

Caf. Tractor. 20.00

Business was duelo In the local unofficial exchange

thin anarset morning at the following rates:

6.73 1.5. dollars (per 11) .................. Berling notes (per 41 15.04 Australian notes (per £11. Indonesian rupiah (per 1902 - Star ticels (per 100) Bingapore (stralia)

Cennese Comp.

COMMODITY PRICES

SUCAR

NEW YORK

Closing prices all in cents per

RUBBER

Spot: 31.35: Oct: 32.40; Dre; 33,37; March: 32.70: May: 32.07; July 32.27: Oct 30. 12: Der: 30.29.

SAO PAULO

All unquoted.

Raytheon

Kateway Stoera

Schenley Inc.

Scott Piper

Sinclair OIL

Smill, Cline &e Frenchi

Soccny Mobil Of

Solar Alfer aft

49%

an provides

04

40

Southeri Co. (The)

16

Southern National 4

Southern Hallway (Com.)

81

Standard Hranul

40

4216

0114

1142

4012

Standard Oil of Cat, Standard Out of Ind. Standard Di 01 N.J.

Star Co. of Cathete Sleep Rock Sterling Drug Co.

in their International REINFORCED

The new

the

behind the quay.

various currents required

2.87 buyers

2.49 bayern

2.40 buyers

COTTON

NEW YORK

Ciceing priced all in conta

33.00; Oel: 32.40: Dec: 31.31-33; March: 33.12; May:

July: 53.352; Oct: 30.59% Dec: 30.50.

NEW ORLEANS

FOREIGN EXCHANGE

NEW YORK · Closing rates

Canada England oncli

thofficial 30-day

90-day

New Zealand

Australia

South Africa

Hollar!

NORWAY

Other changed

New York

brumela Frankfurt

Ciceing prices all in cents Via

LONDON

Motorola Inc.

67% National Iscuit Co.

National Cash Reg. "A' National Dairy Prod.

701 National Lead

UB. Rufiber

2.20 U8. Amning

1.05 3/10

- 3004

2.0319

21600

2013

U.3. Stect

U.8. Etot 7 P.C. P.F. Warner Bros.

Waukesha Matora Westlagboure Air Brake Westinghouse Bectile Western Fran Tel. Co Weel Va, Pulp & Paper Winn-Dixie Stores

Woolworth (K. Wa Zemin adio

10414 trade,

2336

201

quay is approxi- plication is that with the primately 650 ft. long x 60 ft. wide

mary producing countries ex-

af parenting a revival in demand and is dredged to a depth of 30 1. below low water. It has been for the commodities-ores, wool, 1322ancat, sugar, grain etc this in designed to carry a 20-ton crane but has at present been equip- in sales is expanding ped with a 10-ton Stothert 1 their demand for manufactured Pitt electric travelling crane D8

42

crease

DOLS in

Be

goods from the, industriall with 130 L. working radius. 14 nations. Virtually all of this The deck of the quay is of rein. 2014 trille must be carried by, sea forced concrete and is 3 ft. thick The Financial Times con for the 36 ft. width nearest the imes the rise in tramp dreliit river which supports the travel. must be kept Ing crane. The balance on the rales, however,

perspective, They are still shore side is of beam and alab 311 only seven per cent above the construction. Services recesses very depressed level of a year are provided at 100 ft. centres and 11 per cent above the on the riverward side of the lowest paint reached during the outer crone rall to avald obe depression in Apell last year.

the struction to the travel of TODAY'S LEVELS

crane by the services when con- Bot by contrast, today's nected to the ships. The ser- levels are 83 per cent below vlece themselves run along the and unrealistic length of the quay on the front 34% the shortlived

boom posk reached during the tow of piles and comprise steam, Suez crisis and a more sensible fresh water, compressed air, bal- comparison-50 per cent under last water and fire services, ge- The average level of freight cess to these being oblained br a walkway beneath the quay ut during 1955 and 1958,

several points.

MOST ACTIVE STOCKS

Fow tromp ships are yet able

to earn in operating prot

which covers not only deprecia- SUBSTATION

723tion on the vessel-a substantial 3734 Bgure for new ships - but

a reasonable return

A new subslation has been

on the capital invested. It has constructed

47been estimated very roughly This houses 20ky witchgear and

that the general level of world transformers and is also equip

with switchgear, trans- freight rates would have to rise ped On further 20 to 30 per cent formers and retiflers to supply

before this could be achieved.

Nevertheless freight rates by ships moored alongside for

The welding and other operations, A have

moved upwards.

layapari store has also been 194 major question now is whether provided behind the quay. This the rise will continue and when comprises a steel framed build- an economic level of freights ing 210 ft. long x 00 It, wide 171% will be established.

The most active stocks today on Wall Street were as followWD! | Volume Stock

In Amer Mira

07300 GIGI OF

58,000 Studebaker-

Pak

40.700 Budebaker

PK WI 41.0mg NJ

10.000 Amor Tel 34200 Glen Akten 30 900 Com Pat

100 Lone Star Cement

Close Chenges

Agreed Merchant Rates

West German Dejutsebemarits, Maximum Beiling 721⁄2.

The survey adds "against this and is equipped with a 5-ton electric overhead travelling encouraging background, it is crane. difficult to reconelle some con- tradictory features. Firstly, nol

Monarch The Ocean

Vickers-Armstronge shipping combs by pany has yet gone on record as and launched at Naval Yard, being hopeful of an early re- Newcastle Upon Tyne on July of 13,750 covery in the Industry. In fact, 1930. She is a T It is still not uncommon for tons with accommodation for 440 new ship to be sent straight passengers in one class. She was for cruises from the shipyard to a laying- specially designed up berth, and, where possible from the Undied Staics and no cargo slip operators are fol- Jexpense

of retrench- į luxurious

детт

a policy

ORDER CANCELLED

Only last week the "Furness | Withyroup decided to cancel order for the Mediterraneat servicg of “Prince

o shipbuilding

subsidiary, and also

was spared to provide

S'pore-HK Jet

announced that the line was Service Envisaged

withdrawing its ships from the

US-Far East cargo routes.

Also, it recently became

Singapore, Sept. 23.

known that Anchor Line — a MALAYAN. Always

mubeldiary of United Monsac

is

Mtudying the possibility

- bad cold three vessels of operating jet airliners on half of a cargo feet to

foreign buyers. These ships, sold the airiino's Singapore to on a buyers market, Included Hongkong routo, it Anchor Line's newest vessel, and learned today.

the sale Is that

the line no longer has any' of

Top local executive of Qantas

Its own thips operating on ils and Bone, the two major shaZE= service to North America and holders of Malayan Altways, nta no replacements have been or- considering whether it would be dered.

economically sound to introduce The survey concludes, "the Comet IV on this highly com general belief among shipowners petitivo route.

Is that the rocosalon has passed

fts worst point, but thero · ·are

The airline rečetly decided to

Jew, however, who will forecast | introduce turbo-prop Viscounts

a worthwhile and sustained re- which will now serve Singapore,

"-- Molarp, Borneo, Thailand and

covery willin the next year",

Indonesia-UFI,

Rex

NEW YORK

rubber futures closing prices, all in cents per lb.:

Gept: 39.30; Nov: 31.30, Jon: 34.03: March: 2340; Alay: 31,00; July: 32.15; Sept: 32.45.

(Closing prices all in cruzeiro per 10101

Average price in U.S. at 14 derkely-Van Cany alghated spot marketa: not avait-

Sunshine Mining,

23

Webster Studebaker-Packard Corp.

bie

Total sales: 34,470. bates,

LIVERPOOL Closing prices all in per lb.:

Svett & C

Tech Co.

Textron Lic.

pence

Thickol Chem.

Tide Water Amın. Dit

American Contract

Time Inc.

T-Cont. Worrents

Oct/Nov. DeeJan.

21.64

21.00

Twandeth Century Fox Film

Union Carbide...

Malayan May/June

March/April

21.10

Unka Dil of Cal,

Untre Pacific Beltway

ក

July/Aug.

Oct/Nov.

Mixed Contract

Oct/Nov.

22.00

U.S. Foll£**

Dec Jan.

US. GYDALI ETİ

SINGAPORE Closing prices all in Straits cents per lb. fo.b. poris:

Unavailable.

LONDON

Closing prices all in pence

lb.:

Contract No. 4 (world)

Sept. Oil.

303

Jen.

Mar

3.13 3.10-11

May

3.12

July

Sept.

3.10

talks:

Oct.

- Cuba): 108 Total Sales: 300 contract, Open interest: 7,124 contracta. Contract No. (domestic)

per lb.

Sept.

Nov.

3.70

No. 1. Res spot

25-351

Mar.

1,60

Bettlement house term:

over

this

May

4.03

Oct/Dec.

Shotel. NY, ex-

duty Total sale: 10 contrecta

Jan Mareli

6.00

April/June

2516 1915

20-231

Oct/Dec

Out

Nov

Tetate crepe

thin Oct.

thick Det

had put forward proposals that there should be greater Coin-

consultation monwealth

frum problems arising formation of the "outer Beven" countries of the European tree trade arca and the European u common anarket.

Both delegations, it was sald, Stores "A"-434 had propozod a concerted Com-

monwealth approach aimed at i "bridging the gup" between the two trading blocs.

Acconiing to one source both

felt that their b

producty exports

Textiles

Coats JP LAG= 33. Courtauld Ltdmass Adu

Anglo-American Coth of Aguth | dominions

Goldacids of South Africagricultural

62, 1040.

The Beern def-170% 710. Free State Development & Invest- inenter Dd.

Hongkong Tirs—da 75%. Telaling Till-06 4150. Souten Kints Comp Ltd 263 30.

Corp01 1130.

West Driefontein Goldmining-1704. West Rand Cunn-12, 34%

British Bosco Petroleum Syndi- Ca1bd C

Drius Petroleum

Co

Li3-321

Dd.

"Durma) 188,

Royal Dutch Petroleum-£10,

-Reuter.

Bhell Transport & Trading-1435.

in particular would be hurt by

the formation two blocs.

The conference supported the proposal for greater Common- wealth consultation on the Europena trado issues.

Britain has kept the Commonwealth

Opon interest: 1,427 contraclam

METALS

NEW YORK

July/Repl

General markele, c.lf, basis, ports:

20%-201

2011-201

341%

MSTERDAM

Closing prices all in guilders

per kilogram, clf. Oct.

No. 1 rubber

No. 2 rubber

Closing prices, all in cents per

No, I rukbar

No. 1 crepe

Lead Sept

11.10

Oct.

Bent

Och

10.51

Copper Sept.

2760-83

Oci

0147

Tur Bept.

LONDON Closing prices, all in sterling other countries in per long ton,

Tin opt

touch with the negotiations for the establishment of a European 3-men lit free trade area and the United Copose apot

3-month Kingdom delegation today as Lead and half sept sured the conference that they {wouki con

to be informed Zine zad half grot. of developments--Reutor.

་་

ועל

2.80 buyers

UPI

March/Apell May/Jutic July/Aux. Oct/Nov.

Closing rates:

Montreal

مين

Buyers: Geilorm

2013

троци

per ib.

2011

Bpat

227

2.91:

0014

no

| J'aris

Blockban Milan

0014

Fürich

21.49

2.0060

2013

1000

7405

United Ahersfi

United Fruit

United Gas Corp.

chairman of a

lowing ment.

PARA

Line", a

AZ

13

141 up%

up

the result of

up 15

7016

---

up.X

Both unch

20% p 15

AFP.

WAS

comfort for passen-

Was