1959-09-29 — Page 9

Page

THE CHINA MAIL, TUESDAY, SEPTEMBER 29, 1959.

BRITISH EQUITY RETURNS

LONDON

Best Yielding

With Most

HESITANT

OVER ELECTION

Rights Issues

HONGKONG STOCK

EXCHANGE

¿Qur: Own Correspondent

Busintis done of the Hong-

Noon quotations and

Buyers Belleza Sales

London, Sept. 27. If London

the has relatively

best- yielding equities it also has ralatively hong Stock Exchange this morn

ing amounted to approximately the largest share of now aquity s030,000. issues by way of rights, and they are the morning's transacilocis: probably the bost way to accumulate li ank an investment portfolio and the best on chance of catching the missed busPPING increasing

of the equity boom, so far as it has okick 640 got.

London, Sept. 28. Public opinion polls Indica- tion that the Conserva- tive Party's clection lead; over Labour has narrow. ed, caused hesitancy amongst Stock Exchange investors and encouraged more of them! To tuke profeɛlive action! in the event of a Labour Party victory.

An increase in this hedging perockin ezt a very unsettled day in stock markets today.

Steel shiura were among the chief sufferers, Labost, has pen. mised to re-nathamlise the steel Industry if returned to power.

Property

Property

0:0 shares

came unter pressure. The newer eom-

Con- panies det sort ground. Adence over the peculative roperty shares has

value of wanked

Engineering bares fell, mantur. Pasad und glectrical equit ments fost ground,

It is a paradox that London should have the lion's share of them: they ought to be thickest in those centres (which certainly

ot include Tondon) wher Ale the city yields have fallen furthest below bond yields, and

omnde the companies most melted (or lenst averse)

financing instead Pequity debt Onancing,

to

But the paradux exists. In Germany, where equities are acute scarcity values, yielding half as much as bonds. about Bedtsche Anilla's one-for-seven to bring 230 rights tsour.

illfon marks about £20 all- lon), is an epoch-making re- cord, requiring all sorts of ballyhoo and special arrange- montas, although, with the way in equities, It is probable that the market could easily absorb several dozen on such issues.

Missed

Rubber

Market

Review

BANKS

INSURANCES

30 9:0

Lombard 40100

Waterboat 29,10

K. Wharf Provident

4144

045

19 003

7400

"

N.Y. Improves:

Page

Possible Break New Commercial In Steel Strike

New York, Sept. 28. Stocks improved today on President Eisenhower's proposal to meet with representatives of both sides of the steel wage dispute on Wednesday.

Mosl sections of the list, Bank of Nova Scotia favoured the upside as news of

a possible early break in the 76-day old deadlock sent gains in stre issues running to three

5 points or better.

4000 14

900

043

040

197 13.00

100 14

100 s

107

200

14

33.18

Talkoo * 33% 30.13 LAND, ETC.

Hotel 2020 20.40

.11K 1 and

Humphreys 17.40 1700

Rently..... 1,035 160 RUBBER

Arale... 3.45 320 2000

A.

C. Light 17.63 1540

ד

wi

Steela, slow in responding to the turn in the strike picture, firmed on bilence in the fr hour.

General Tyre stood out in its group with a pain of four and Goodyear with a rise of more 34.70

than three, IBM rose more than 34.73 (423) live in the Electronics, Texts Instruments more than 4 and Ampex more than two,

4.20

40000

1000 4/

3.00 $10

Sungala UTILITIES

Trem

Star Ferry

Youmpli

29.30 20 25 133 110 120

100 F

30

L

190 18.10

2000

10

100

10.10

300

24

100023.13

500

33.36

10.70

·

Singapore, Sept. 28. Electric 23.00 The market opened slightly

Маста Б. 10.00 bigher and steadied Telephone 290 29 AD further on a quiet market inDUSTRIALS

30 2700 un the announcement of C5' STOREA, ETC," Indoneala's

estate Dary

180 1800

1000 state bureau that would Watson... 1920 be exporting in future Taw. 23.49 direct to overseas con sumers.

Dew

Lower sheet interest was on the small side with sellers

....

2

3000

American Motors siipped more than a poln, while Ford and Studebakäer-Packard were up one or more and Chrysler and GM firmed.

Today's volume was 2,040,000 shares.

Of a total of 1,157 stocks 18.70 rodod, 651 were higher and 340

lower.

Deech Life Savert Bell Telephone

Denekiel Finance

Bendix Aviation Cary.

Benguet Cons

Bethlehem Etrel

Boeing Airplane

Barden (The) Ca

Dutrougha Add Machine Brituh Amor. Oli British Columbia Pwr, Calif. Packing Corp. Cena. Bk. of Comm. Cana, Brewers

74

40

24

70

3134

Cambbell Soup Co. Canadian Pacile .

4731

Enlanese Corp

Case (3) Co. Cat Tractor

C. T. Financial Corp. Chase Manhat. Bank Chrysler Molom Cluan Peabody Colgate-Palmolive Co. Calonsblar Corben Co.

Commercial Credit Consolated Dison Consolidatest Poperi Continental Off of Del. Crane Co

Crown Zellerbach

Cuban Amer. Sugar Diamond Alkali Tremend Gard Distillers-Seagrama Dominion Stores Douglas Aircraft Dow Chemical Dupont de Nemours Eastern Air Line Eastman Kodak

Paso Natural Gas

American Exchange, volume Family Finance Curp COTTONS Textiles..

710 1500 110 was 810,000 shares. Fanyang 41 70 12 INVESTMENTS

Borgls volume 50,010,000,

Ict.

Allied...

Gitt-edged has a poor day and closed up to 3, Juwer, Forvign bouds were quiet and irregular. Dollor stocks were irregular but hardened in some phews, gyben ég the prelun jumped open the U.S.. where prices reserved. The market advanced ve rent to 21 percent.

I have been driven fully twice as l the afternoon with little high as in London, the absence business reported with main Small selling In the absence of of an A. T. & T. convertible Interest in October One Jabamiebung support resulted in issue this year is sadly missed: with November One Rss passing

golti it makes a real hole in the new a general lowering of

of tax-cent discount, Los es extend-supply of equities. mming shares, ed to over two shillings. Co pers eased,

In London, nearly a hundred Olls last ground and rubbers;ghts issues and new issues are running at the moment, all free were dull.CPL

of the two per cent stamp duty and neurring the smaller brokerage in their ill-paid cr partly-paid Jorm,

Closing Prices

Giltedged Bunde Batth Transport 7. 1/3.

Comoda 22 - - £5!

Ras

Agreed. Merchant Rates Swiss Francs, Maximum Schl- 74-15/10; West German ing Deutschemarks, Maximum Sell-

Now York, rex rubberg 72. futures today closed 37 to 75 points higher with sales of 37

contracts.

Final evening-up in the spot September delivery and dealer buying in December dominated en otherwise quiet market, They are often skip, just because they are almost the

things that. rolleve the ameual scarcity or famine of equities, 1958 Temporarily, they often lead to

an excess of supply over de Frida Steck Our 1099e714--

In mand—a great rarity the present cult for equities.

Chanzola 4

Conversion

& 724- 1. wit

$2

Punches Loan £1.3/10.

H only

10/1

Funding Loan 15.

£

Savinga 3.

Savings T

1900, 70-£80-13/10.

.

Having 3

1975/65 --- 2000

THIS, 75-75-0/10.

Banka

Butelay's Bank "A" Ltd ord-Sem

Chartered Banask-Ath

Hongkong-COL

Sasurance

Union Insurance Canton-£5

Concentrated

It occurs because their im- pact is concentrated: a particular

of

Brakutz reported a moderate rubber shipment offered from the East but at prices too high to interest local buyers. Reported offerings - chided one sheets at 354 cents. three sheets at 34 cents; four sheets at 341⁄2 and five sheets ot 34 cents Indonesia and Thai- land were offering the rubber. Spot No. 1 les was quoted at 41 cents.

In London, the rubber mar- was stendy with spot quoted

body of shareholders has to puket up relatively large sum of money fairly promptly. Typical- 34 cents--UPI. ly, a holder of. £5,000 worth Airetail and Notary

have to find Brith Melor

of stock may Corp.

between £1,000 and £2,000 of new money to keep up his pro- portionate stake in the comphay.

7.

Ford Motor Co~74:

Breweries

Distillers Co- d

Building and Material

Ord-10%

Asnerated Fortuna Cet at-2s.

Pinenja Johnson Asaugluten Uro-money, and American holders

244 11,0.

Coat Steel and Engineering Babcock Witex L1-10 d. Vickers Lid 4.

Food And Tobacco Brill Anigrican Tod. Ca... Lid -578.

peal Tubarco Co., Ltd-50).

Miscellaneou Boardman Marlen ---28 1 British

Ltd. Ords 71.

Canadian Pacific Rly--IV. Dunlop Rubber Co.-23s Oc. Hongkong & China Gan-1. Imperial Cheaton)-418.

yons & Co-15= G. Unilever Lid-10 d.

Emper Bowater Paper”

d

Corp Ord-335

Itudio and Electrical

Associated Electrical-30x J.

Electrical & Musical-18 0.

Engl Electric Co-423.

General Electrio 9.

Shipping

und 304 34.

Some of them cannot do It: trust funds may not have the

may be frozen out by the SEC's red tape. Other holders my not want to put so many more eges in the one basket.

So there has to be a churning

to get the rights sub- around, scribed by a wider circle. In the process they often provide buying opportunifles, usually at some stage shortly after the start of dealings and again around the Occasionally various call dates,

a very fashionable rights Issue goes like hot cakes from the score a neat

start.

advance.

and may

Slaughtered

It is more

common,

even

Indo-China Steam Nav. Co, del nowadays, for them to be more

PL Steam Navigation de ord -37 10td.

Stores

Great Universal Stores "A"-425, Marks & Spencer Lid-com TỤα.

& Co-105,

Woolworth Textiles

Costa J. & P.LIG-260 30. Courtaulds Ltd--30 sal

Mutes

Al

Yesterday's Closing

YELIGHTS

Firestone Tyre & Rubber Fiat Nat. Cily Dank Ford Motor

Gatineau Power Georgia Pactfie

General Dynamica

averages General Electric

Closing Prices

Abitibi Pwas & Paper Alden Ine. Key. Algoma Steel Corp. Ailled Chemicals

Albed Mills Ine.

All Chatmers

Am Home Prod.

General Foods

General Mutors

Getty bil

Müdden C

Guff Oll

201

8710

49

40% DEEP

0134

37

21

150

105%

amounted

6000

4.00

Good tr 4.63

Dow-Jonce closing

were:

20

30 industrials

$30.37

Gen. Pub. BIR

154.37

Gen. Tyre & Rubber

s stocks

utilities

07 20

210.79

424

body

B1.By

Goodrich B. F. Co.

Coinin. future price index

148.21

Goodyear Tyro

Grumman Aircraft

Horned Organ

Heyden Newport Corp.

Hiram Walker

...

Itotneslake Mining Co.

€30

Hessian Refrig.

1944

37

Idaho Power

37

Imperial

1J3

Importa Tebacea

Ingersoll-Rand

361

4312

Inland Steel Co.

EZ

Am. Brake Shoe

15072

Interchemical Corp.

387

Amerten Airtino

2014

Int Business Machines

American Cable & Radio Corp.

Int'l Harvester

American Cyanand Co.

50%

Intemational Nickel

Ainer, & Form. Power

ID

Internations! Paper

Am. Go & Electric

40%

Int'l Tel & Tel

Jotun Manville Co,

00

Kairer 1iatries

30

Kansus. Power & Light

5722%

Kennetutt Copper

Kimberly Claix

30

Liggett & Myers Tub. Co.

7012

| Lity. Tulizi

Pan Ind.

17092

Amecheta Copper

1501

Lockheed Aircraft

Amko Seri

ガラ

Arcour

31

Lone Star Cement Co.

Asbestos Corp.

Lowenstein & Sons

Alle Com, Mining Baldw-Lim-m Baltimore & Ohto Bank of Montreal

.101

MeDermott J. Ray

14

MeDonnell Aircraft

47

Mesabi Iron Corp.

Bab

Minnesota Mining

14912

Misc Development

AL

Mancanto Chemical Co.

B01

Montgomery Ward

Motorola Inc.

103

Neuma! Blacuit Co.

6112

Nations Cash Reg. "A"

National Dairy Prod.

41

National Leod......

11512

National Steel Corp.

0312

New York Central'

2

Noranda Mines Ltd.

471

Norfolk & Western Ry.

913

North Amer. Aviation

342

Northwest Airities (Com.)

3316

Olin

401%

Otia Elev

12

"I can remember when there was nothing here but hotels and boarding houses!!

London Express Série

Am. Mach. de Y'day

American Metal Am. Natural Gas

American Smelting

Am. Sugar_Ref.

American Tel. & Tel.

American Teb.

COMMODITY PRICES

SUGAR COTTON

NEW YORK

Closing prices all in cents per

NEW YORK

Closing prices all in cents per lb.:

Spot: 32.00; Oct: 32.47: Dee: 32.27: March 1.00 May: 22.09: July: 21.00. Vol: 3.35; tire: 30.55.

NEW ORLEANS

Cising prices all in cents per 1b..

Spot: 31.33;

No, 1 Oct.

Nov

No. 2 Oct.

No. 3 Det

No. 4 Det.

Spot rubber unbaled""

Blanket crepe

No. 1 pale crepe

LONDON

Loews Incorp.

10144-10132 | Owen-Illinois Glam

10096-1001

0034-201

Oxford Paper Co. Pacific Gas & Flee Pan American Airways Prremount Pictures

Co

10319-1015 Fark J. C. Co. 081-1009

Penny

11331-11835 Penn. Sau Co

Closing prices all in bence per

Tulip Morris

Piney Bowes

Fracter & Unmble Co. Pittsburgh Plate Gloss

allexer Industries Pure Gil

Tadis Corp. Pret

Heynolds Metal

2-281 Royal Bank of Canada 271%-2732

Contract No. 4 (world)

lb.:

No. 1 Fins spot"

34-3434

Radio Corporation

3.

March

203

Bettlement house teens:

3.09

Ort/Dec.

2014-2016

332

Jan/Marchi

23%-20%

Blesi

Any

April/June

July

3.10

Sept.

Oct.

3.18

Oct: 2.4 Dec 3.18 22.20: Marchi 32.76ay: 3

July: 35.20; Det: 30.34: Dec: 30.33..

July/Sept.

Oct/Dec.

27-2714

Seira Roebuck & Co. Shell Of Co.

Spot-tob. Cuba

2.30

Safeway Stores

SAO PAULO

Schenley Ine,

All unavailable:

(Closing

prices all in cruzeiro

per kilo).

ALON

LIVERPOOL

Closing prices all in pence

Total Sales: 329. contracts,

Opt interest: 7.112 contracts.

Contract No. 0 (domestic)

some

Now, March

9px-ICIT, N.X. ex«luty}

Te Sales: five contracts. Орел

or less slaughtered at

Of two otherwise com- stage. parable stocks, stock A without May a rights Issuu may well have advanced a further 20 per cent since the announcement of an upÍ, isque by stock B which, after allowing for the value of the have fallen 10 Relatively, stock B per cent.

Views 30 per con the

Anglo-American Corp of South rights, may

Africa-1985 Ud.

Cons Goldhelds of South Africa

Con, Zine Corp Ord--4,

De Bear lef-170s 71,d.

Free State Developement & invest-

mont-IN.

Hongkong Tin-s@ 73jd.

Fetails Tin-C# 461.

Hand-03 od,

cheaper.

It is little surprising that foreigners, particularly

as they

0.03

American Contrwei

PST 1b.: Interest: 1017 contracts—|| Det/Nov/

METALS

centa

Closing

NEW YORK

prices, all in

11.31

so dislike the two per cent atning per 1b.:

Southern Kinta Cons Lid-21 90. duty, me so slow to Lake ad-

Union Corp-iodinining-vantage of these opportunities.

West

1132 Dd.

West Rand Co2 35.

British Dernzo Petroleum Synd

cale-17 4350.

Hrid Petroleum Co., Ltd-al. Burah-431 3.

Royal Dutch Petroleum-£147, Shell Transport & Trading~2416 bd, -Houter.

It is also angrising that at a time when people are paying good money or call options, particularly in steels and part- cularly over the expected period of the election; there are still Buch anomalles as South Durham's partly convertible loan

Lead Sept.

Deu Zine Sept.

Des Copper Sept.

Dec.

TAT

Sept

Dra

LONDON

30.03

101.373

Dec/Jia March/April

May/June

GL/NOV.

Mixed Contract

Oct/Nov Dec/Jan. March/April May/June July/Aug Oct/Nov.

RUBBER

NEW YORK

EN RAK;

06885 88589

Rex rubber futures closing.

Closing prices, all in sterling prices, all in cents per lb.:

Exchange Rates sick offering at option over per long ton,

Business was done in the local unmetal exchange

market

Tin spot

that period; and far beyond it at the holder's desiro, at what this amounts to a considerable dis-month

count off the present price of the Copper spoi 15.90 shares. No doubt, as in so many | Lend and half 11.54 investment matters, it all de-.

morning, at the following retes:---

1. Anilers (per $1)

Blotting tes iper (21) Australian' notes, (per £1

Indonesian suplah (per 109) ... Blam Beals (ber, 109) Bingapore (Straits)

4.70

9.00 pends on fastlon, China Mall Blue ad kaalt

Special,

Gepl.

Nov.

Jan.

Buyers Sekers

Barch

10236

May

July

Bepi.

General markets, c.l.f. basis, porta: Oct.

281-9 231-29 Nov.

權

Estate crepa thin Oct thick Oct. AMSTERDAM

.. 3431

Closing prices all in guilders

per kilogram, elf, Sept.:

Unavailable. -URI.

FOREIGN EXCHANGE

NEW YORK- Closing rates:

Canada

England ocial

H

20-days

00-day

Australia

New Zoolandi South Africa Bwitzerland India Pakistan

LONDON

Closing rates:

45.00

New York Montreal

3140.

33.77

SINGAPORE Closing prices · all'in

lb f.o,b.

cents

Amsterdam

Bruede Copenha Frankfur 33.20 Ozio

PETİK

tockholm Straits Mil Malayan Vine Zurich

Saint fier. Peper

Scott Paper

Sinclair

Sa Mob!! Oil

Cling & Trenchi

Bolar Aircraft

South Puerto Rich-Bugar Southern Co. (The) ... Bouthern Natural Gas Southem

(Coin.). tairway

Standard Brand Standard Oil of Cal. Standard Oil of Ind. Standard Oil of N.J. Steel Co. of Canada Steep lock

Bterling Drug Co

Webster

Swift &

TERE CA

Toloko) Cher.

1.05_17/32 | 3de Water Oi!

Time Inc

Jet Services

Over Arctic Route

A NEW chapter will open in the history of Arctic

aviation when Pan American World Airways establishes a commercial jęt service over the Arctic Route in November.

Use of the Frobisher Bay re- ! Aircraft belonging to the fuelling stop is scheduled for Scandinavian Airways System late in the month and the Jetve a device called The selective colling. Clipper service will increase the "Selcal" for puce of inter-continental flying | The Anchorage Af@Ways--Opera- with on "Arelie crossing" of lions can warn pilots of this some 11 hours between Sanne by pushing a button which Francisco and London.

flashes a light in the alreraft. On August 20, a silver, blue- trimmed Boeing 707 jel whizzed into

American Japan as Pon Airways set up a record for the Pacific

night crossing with a time of 7 hours and 34 minutes time from Anchorage, Alaska, to Tokyo.

The fustest previous flight time over this route was hours and 5'minutes, set up by DC7C I Northwest Airlines passenger aircraft in 1957.

TEST RUN

The polar pilots have defnite airways to follow within Alaska, but there is no defined route all the way. Pilots from Paris

may approach Alaska consider- ably south, of Fairbanks, Scan- dinavian pliots sometimes fly much nearer to the North Pale and

come down Into Alaskeu from almost due north, Betties or Fort Yukon.

over

Prevailing winds determine the choice of rule, us they do In fylg along the Aleutian Island Chain between Alaska American and Japan.

The recent Pan fight was a test run over the Great Circle-San Francisco to Tokyo route. Regular runs are

SIX AT A TIME

to be established in November Sometimes, the Anchorage on a five-day a week schedule. | Overseas Operalers have six of The air route connecting San these polar roule aircraft in the Francisco with London Jalna | air at a time, with pilots of four other inter-continental airlines or

hallonalities com-

more

using the Arctic route ploncered munleating. But there is po by the Scandinavian Airways difficulty about understanding System early in 1957. These as all the pilots Be the Engilsh Arette Alights stress the air-ngo į language. conerpt that "the Arctic Ocean is the Mediterranean of the twentieth-century world."

In a proper look at the world as a sphere, it is seen that the

lines shortest

connecting the great cities of the world full within the Arctic Circle. Aerial pathẞnders, including Balchen, Byrd, Wilkins and others, had! leng recommended this roule ns the logical one for travel be- tween the Northern Hemis- phere's concentrations of popu- İntion.

For example, some 8,400 miles separate Europe from the Far East on this short-cut i route. Now called here the centre of the world" skyway, It is used by Air France, the Scandinavian Airways System, 201

Dulch Airlines, 17 and Royal

K.L.M. Japanese Air Lines and Northwest Orient now use the Great Circle Route linking the Pacific Coast with the For Enst.

5024

airlines Of the polar route which stop at Anchorage, only two, the Scandia, vian Airway's System and Air Fronec, have passenger traffic privileges. All will

An- use the facilities at charage international airport for re-fuelling purposes,

fre

At present the runway in use here by prop-driven pircraft Is 8,400 feet long, but plans being made to lengthen it to 10,000 feet to serve the com- reached mercial jet age which Alaska with the Pan American touchdown in August.

The next fets to roar over the North Polar route are planted for March 1900, when the Royal Dutch Airlines will put Douglas on their DC-8's into service Amsterdam -"Anchorage- Tokyo-Biak ru

It is reported here that the Scandinavian Airways

"C-8's on

Pan American's big Boeing also will introduce

flights nr: of 19 polar 707 jet aircraft is capable

carrying 180 pasengers and a Chinn Mall Special. 60% pay-lond of 42,000 pounds. The

world's biggest passenger jet

aircraft at present in service, it has gross weight of some 300,000 pounds. It is also the

fastest machine in the air, with

Taipei Orders

a cruising speed of up to 605 Merchant Ships

miles per hour, It will show o

considerable saving on the

night time of prop-jet aireraft on the router

INAUGURATION

Systern

year-

Triceto, Sept. 28.

OUR morchant" "vquèlg

Fwith a total tonnage of

18,200 tons are to be built

The Inauguration of a com- by Italy for the Nationalist mercial North Polar air service

in

1957 came only 20 years government in Formosa it after the aviation milestone set was disclosed here today by up by two of the Arctic's Mr Carlo Glocomolli, Direc 305 "arents"-George

417

10

36

Hubert

Wilkins and Carl Ben Elcison of the Felszegy Shipyard

at Muggia near Trieste.

men flew a In 1920, the two

Bir Giacomell has just re- small craft from Point Barrow In Alaska to Doodman's Island, turned from a visit to Taipel Spitsbergen, to link America and

with an allen trade mission. Europe across the Arctic.

The Chinese enter provides tor With sketchy wireless equip❘ the censtruction it Muggia of ment their journey took twenty

four vessels, two of 3,000 tons and a half hours of almost and two of 5,500 tons.

flying and "blindfold" described as a brilliant feat of navitation.

WAY

Mr Glacomell said the con struction of these vessels. is special Today,

programme compues, part of a Chinese flight JEE electronle ulda and

which will be completed in formation are routine on the from two to three years time. for Aretic routo as on all other air

This programme provides routes. The "over-the-Pole" the construction often ships, flights are described as a "won cargoes and mixed vessels derfully smooth" operation by AFP. dfit ; the air traflé controllers and 17 other members of the Federal Aviation Agency in Alaska who serve them,

5F From Cold Bay on the

Aleulian Chain, up across the

Ja! Buy Four

toyof the world to the Jet Airliners

northern tip of Greenland, radio } 2009 va

contact with the Federal Avia.

Budebaker Parkurd Corp.

Sunshine Mining

1.9030

se

301042

{Tradero Finance

2.85

{TYJ-Coo!, Warranle

Twentieth Century Fox Film

21

pll the aircraft which link the

1.1930

| Unlok · Carbicho hakun

150

Continents inflight

BOTO

Union ni ye Cal,

312

Union Packão Railway

2100

3100

3.30 5/16-4.30 1/16

10.8631-30.08%

1703%

Tried Airerat

United Fruit ... United Gas Corp. UG. Foll "D" 119. Gypsum UB. Line Co. 18. Tubber

13. Stal

ing

U.S. Bleed PC. PT * | Warine, OR.”

||Waokeijia: Sita kore

Wyme Air Zirako Wes, achowe Electrię: Wertem Union Tel. Co Wert Vs Poln & Paper Wuelworth (KR)

Fádio

tion Agency is just routine, for,

AUTOES

Washington, Sept. 28. Nagement to finance

A the sale of four Douglas

Alisal Sometimes, speakers of aircraft DC-1 let airliners to

the Agency and their

voices

on to Tokyo 3,000 miles from Japan Ale Lings was signed:

68 here. Or they may listen to at a formal caromony' hera

091%

pilota taiking to their home faday,

ports in Europe several 'thou-

2015 sand miles away.

The ceremony took place at 1031 While in fight, 'the pilots re-the US Export-Import Bank. part to around stations which Unky the terms of the igreg are within range, every; half,{rpeist, Japan Air Lines" would 2 hour. On the hour, they report miške a cash pillanent or #1,000,

the aircraft's position not as 000 Douglas would beling over a town or village as $5,700,000 and the Expert in decisely populated countrita Import" Dank" would "czery #17,

total purchas 23-bath geographical terms 200,000 of tile

over the Ardlke warfaș. -

price-Reuter.

Carry