Page
THE CHINA MAIL, THURSDAY, OCTOBER
1959,
THE U.S. STEEL PROBLEM
Finished Items
London
Made Costlier
HONGKONG STOCK
Wall
Street
Closes
By Short Supply EXCHANGE
Higher
Suffers Late Marine Sinking Spell
Reactors
To
Be Built
London, Sept. 30.
Stocks continued higher to- day as the start of the account extended
new
yesterday's rally.
Eariquran election
NEW Armer Wall Street prices and a bullish review of Britain's trade prospects by the National Insti- tute of Economic and Social Research outweighed the effects of the striking oxygen workers,
Industrials advanced on brand front. with steels, engine eering, meats, breweries, news
textiles and stores all paper. scoring rond gains,
Builder shares.
bank
F
New York, Sept. 30.
by
Our Own Correspondent
Business done nt the Hong-
kong Stock Exchange thus
New York, Sept. 39.
morning amounted to uppro- The stock market suffered a late sinking spell today which gave the industrial average one of its worst setbacks in weeks.
tions
ximately $1,053,000. Noon quato
and the morning's trans- actions
The steel strike has entered its 12th week. No settlement is in sight and steel supply problems, with their attendant offects on other segments of the Shares Buyete Beliers national economy, are increasing pres-AK.. sure for the invocation of the Taft- Hartley Act, possibly in carly October.bard
35
However, while inventorien of steel are said to
be "danger- ously how in numerous indus- tries, steel makers still, have the backing of most customers they continue to seck # non- inflationary contract settlement.
One rigurt said that matty customers would rather their doors than see the companies grant waKC
could ions which
have double-barrelled effect of raise moved both their employment and
the raw material casts.
and
property. france
shares als were fran.
Givemment bonds enabelly but hardened at close.
Guld shares, lead and zinc
although wele. firm
roppers failid text.nd an earlier in provenant. Oils were little Changed and rubbers were firm. -UPI
Bri £0
Closing Prices
ofledged Blonde
TLUSA, 1970/60-
Consols 2, AZ, Commis 4 — £7. Conversion
£63-1/A
Funding £63-3/16.
1, an
3.
3. prad
1959/60-
19/2001 –
Funding Stock
Nnding
CLINÐ/16.
st
Lega $
Savia 37, 153/6*-- £ 99-7/16.
£85-13/11 Savinas 20, 1907A
Seving / 275-3/10.
Blankt
Targay's Bank "^" 1.44 d કોઈ
Chartered Bank - 4-.
Hongkong-INAL
purance
Vrlo surnac, Canton -£5.
Alecraft and Motors Bell Motor Corp. Ord—17) 30 Ford Motor Coals 103d.
Breweries
Dimes Co-2 Pd.
Building Materials Ammelsted "Forland Cement-Gl
Pinchin Johann Ansociates Ord -249 1950
Conf, Steel and Engineering Dobroek & Witex Lid-47% 11. Vickers Ltd—274 $145 xd.
Food and Tobacco British American Tob. t. Lid; Imperial Tobares Co., Ltd--Sha 1
Miscellaneoite
-370d.
stel.
Doardinan Marden Lid-25 Gd. .British Oxygen Ltd. Ord-15s 24.
Dunley Hubley Co-Bas Plus Hongkong & Gila Gar-15 Imperial Chemical NO.
Unilever 1-1129 2009
Paper
Critical
2137
closc
steel
concess- tho
In the meantime, steel shorl- ages have built
pressures which may soon berumé critical. Reports of supply - deficiencies during the past week were more widespread and serious.
Evidence of difficulties fronting any cluded
inters!
ប០
New York │Cotton Market
BANKS
INSURANCES
Union 7918
C. Under-
WFLICTE SHIPPING Weterbool Wheelock..
DOCKS, ETC. K. What.. Dock
Provident
New York, Sept. 30. Cotton futures today con
tinued to move irregular- Amalg ly over narrow limits but
Trunt volume, A. Tawon the trading
UTILITIES quickened for the first!
Trans Star Ferry - Lime in months,
Yaumati Light Electric
Closing
Skire
The decline set in late in the day and wipend out gains €9- 70 e 905tablished earlier in the sezlon. Industriais bore the brunt of the retreat which wiped more than $3 billion from market values. 300 8.10 Rails and utilities were firm on
balance.
ACJ
B2
ព.ស
25.10
6.33
6.45
4000 3400 1000 M по гор
84%
Brokers said the Inte sell-off
Beneficial Finance ..... Bendix Aviation Corp. Benguet Cona, Bethichem Steel Boeing Airplane
Berden (The) Co.... Burmugh Aud Machine British Amer. Olt British Columbia Pur. Calif. Packing Corp. Cena BK.
0.40 reflected some disappointment Campbell Comm.
940 over the failure
the Elsen-
6.33hower Administration to invoke
700 48 1200
TOO 4954
the Taft-Hartley Act which would have gct seciworkers back on the job.
The President met separately today with union and industry Jomeials
and negotiations re-
2000 291 Smed this afternoon.
THE SAME
However, brokers said the is now! pretty it was same where
House meet- 3.4 before the White
3.50, Ins Brokers pointed out that settlement of the strike is the to get the one thing needed market back on the right track. U.S. Steel sold off sharply in the wake of a "secondary" offer 2018
shares. It lost 100 23 ping of 300,000
10G
48 421
3,90
14
Tilki Dock 33 3
LAND, ETC.
In More..
29% 29.
1400 #2043
HK Lond thominitrys Realty
361 36
200 29.63 | 100 of
17.00
1500 17.30
1.625
Вип. 1+1 155
10,000
steel deadlock
RUNDEN
1.09 much the
3.473
3.30 10.000
2000
4.501
4.30
3.95
30 25 50 75
110
133 119
21.00 23.90
12.00 10.to
Flir.. 12.70
11
Bad 1
Macao E 10.00 Tel
29.70 29.90 INDUSTRIALS
... 304 30% Cement
STORES, ETC. Detry ..... 10.80
100% 29.80
1000 38 545039%
19
400 18.6
1000 18.90 100 18.00
MISCELLANEOUS
Entet.
23.40 23.80
380
14.40
prices ruled Ave lower to six points higher. The con-markent opened unchanged to customers
in of two points. New Orleans acceleration 13 six lower to four points higher. in imported strel
October liquidation conversion -arrangements, in- creased demand for mill-size freer movement of now crop orders from warcheures and ginnings weighed on nearby greater willingness to pay pre-deliveries, while later months miu prices for fuished steel found mupport through optimistic items in short supply.
by reports
the volume of Supplies of most steel custom-business
Watson
being booked of Craw ers are not adequately balanced textlies for 1960 delivery. as .10 location and product.
HK & FE
Inveal
Small and medium sized com- The individual trading feature Vibo panies are already feeling The today was the sale of around INVESTMENTS supply punch. A number hav 10,000 bales in nearby DecemTI - either curtailed operations orber against equivalent pur- run out of steel altogether. Big chase of March at around 43 consumers are beller stucked but pents by
In- Houston spot Some are now in trouble.
Brvivers
SOUTCL mez
beresis.
At least two large eur makers | acting for Memphis accounts
made have
conversion deals were on the other side of the which are costly. This involves exchange. purchase of ingots and semi- finished steel from some sources and arrangement with other mills to have the steel rolled into sheets and other products.
Higher Prices
Texas reports said higher grades of cotton now are selling on tenderable basis and that more higher grade cotton is being offeral for sale, How- ever, the demand is mostly for lower grades. Some of the colton grown by "A" farmers is said to be piling up in face for an indifferent demand.
No delivery notices
Were
50 23.08 thee points. Lukens gave up 254-32 anore
831263
Cu
Canadian Pacife R cat Tracior Case 403, 13 Cu
Colanese Corp
C. I. T. Financial Corp. Chase Maz12:40. Barske Chrysler Totori Citell Peabody.. Colgate-Palnullve Co. Colombian Carbo Commercial Credit Consolidated Falison Consolidated_ Paper Colmeners Cus
Continental Oil of Dei.
Crane C.........
Crown Zellerbach Cuban Amer. Sugar
Diamond Alkali
Diamond Gard Distillers engraina Dominion Stores Douglas Aircraft Dow Chemical Dupont de Nemours Eastern Air Line ........ Eastman Kadek
El Paso Natural Gas Family Fanonce Corp,
than three, Youngstowniesione Tyre & Rubber First Not Cay Bank ... Ford Motor Co. of Cano. Ford Motor
78 12.70 and Carpenter 302 12.10 each.
11.00 12.20 1000 m 13
FOREIGN INVESTMENT
IN FRANCE
Paris, Sept. 30. Foreign Investraents in France totalled $220,000,000 during the of 1059, Finance first half Ministry Director Louis Vallcon said today.
Confronted with high order backlogs and slipping steel stocks a growing number of big and little manufacturers GIC! searching every avenue possible fer supplies to meet production issued against he October con- requirements. This is bringing tract today. The open October sharply higher steel prices the grey market as manufactur- ers turn increasingly to brokers, One case was that of a large appliance maker who had to pay 10 per cent more than the mill Indo-China Stam Nav. Co. det price obtain several hundred 040-294 94.
PO Steam Navigation der ordions of cold rolled sheets. Grey
Only $50,000,000 in foreign capital entered France during the first half of last year and the total figure for all last year position 31 the start totalled
Mr Valleen 156,600 bales.
The certificated was $140,000,000,
to the Government's (stock remained
with 740 bales awaiting inspre-
at 1,135 bases | reported
Social and Economic Council- lon-UFI.
UPI.
--
Bowater Paper Chro Ord-541 03.
stadio and
Associated Electrical
PU. 04.
Electrical & Musen-52 English Eleme 42 (d.
Geirral Electrics.
Skipping
Store
-Great Universal Stures "A"-414. Woolworth T. W. & Casts **d.
Mark Spencer Lid-
Textiles Coats Ltd-28 d. Courtaulds Lt135 .Mines
d.
Anglo-American Corp of Suuthi Attrica. 1987 Sd,
Con Geldields of South Africa-
Bir 10
Corts, Zine Cur
Ord-544.
De Leary def-1974 but yet.
Free Site Development & Invert-
ent-n
Hongkong Tin
Petaling T-34.
Rard101 3d.
lành
Southern Kinta Cons Lid-203..
Union Cur-63 45
Went Driefontein Geltmining-
173 1.
West Rand Cons-229 04.
British Borneo Petroleum Syndl-
cate-40 40.
DemahE.
British Petroleum
Cu. Lidols
od.
Trading-1420
Hoval Dutch Petroleum-£1514,
Shc Transport &
3d xd.-Reuter,
Rockefeller
Gets Big
U.S. Bank Post
10
steel
market activity is expected continue long after the strike is settled as mills struggle to invel the pent-up demand.
Galvanised Heel sheet is still the tightest finished steel pro- duct. Some users are said to be buying foreign material at high- er than ever price premium- over domestic mill levels while others are secking substitute types of steel or other metals to fill dwindling sagplies. In til
plate shipment allocation is ex- pected to be imposed by most if not all producers once the steel) Strike is settled.
Tin Plate
Yesterday's Closing
more
than two
Gatineau Power Ceo:gle, Pacifie General Dynamics General Electric General Food
IMB lost more than 11 in the FeelTS und Texas Insta- thents more than 3. In the chemicals Du Pont toppled six
Allied General Motors and Union Carbide and
Gen. Pub. L. two rach.
| Gen. Tyre & Rubber Rails, strong most of the ses- Cetty da" Stor gave up some of their¦ Gläden Co. earlier gains, Polaroid bucked Goodrich (B. F.) Co. the trend lacking on nearly Grumman Aberast Cour.
American Motors Armed Glar on
Hammond Organ
In an otherwise easier motors section.
Closing Prices
Abilib Pwr. & Paper
Alden
Algoma Steel
Comp
Allied Chemicals Allied Mus Inc. Allis Chalmers A. Brake Shoe American Airline American Cable
Corp.
Goodyear Tyre
Wint
By British Firm
UK. frm claims that it is now able to build économic marine reactors. This is disclosed
in a paper just published by the General Electric Company Limited of England and written by Mr- M. C. Hartnell-Beavis B.Sc., chief project engineer of their atomic energy division.
In the paper Mr Hartnell-
Beavis describes why it wa
decided to develop the Ka- Centenary Of
cooled, graphite - moderated
4.reactor as a matine propulsion Far East Voyage
unit. Mein reason was that a wealth of design
experience CELEBRATIONS
34
4
広
029
37.
1214
51
Backed by the U.K. Atomic Energy Authority was avaliable. Moreover, the recent develop-
55
design of fuel element
10%
made possible the
hent high
3714
123%
transfer rates: necessary
fur
alls
small marine reactor and
BOEL
removed the
2014
125
to mark the centenary of tho first Bon Line vessel to visit
ment by the same firm of a new the Far East were held ro- An London. exhibition Including models
now contly
In
thus of two sailing vossola and Inst barrier to the latest of a 23-versal uccessful application of the fleet were on display.
of
system to marine propulsion.
shows The author
how an installation
20,000 shift horsepower can be filed into a containmenl vessel measuring only 44 x 35 t by 37 102 Total weight, including all the necessary radiation shielding is 301 44less than 2.000 1015
624
It was one hundred years aga CA Scilember 24 liet the
Artby Maid burque
Arst ca63 as one of the line to the Far East calling at ports in China and Japan; other vessels khd were plying to Amerira Autrali but by 1900 the line was centrating on the Fur The author virualis a 50,000 East. By 1871 the Suez Canal 10 shaft horsepower unit powering had been opened and the first a tenker with a currying capa Thuron steamship came into city of 100,000 tons including its operation. In the 1810's the Ben own fuel. This vessel would be Line start regular callings employed on the route from the from the UK. to Singapore and Persian Gulf to the UK. via the ingkang.
40
951
547
18
2414
2215
11394
Cape. With a speed of 20 knots the tanker could' complete five
round trips a year. Because of
Today, a Ben ship lends and sails from London every week
113 the saving in fuet space the arriving at Singapore in 22 nuclear tanker would be able toys. The vessels also provide deliver virtually 100,000 tons of fel parage Umes to Bangkok, Inericons and Manila. Port crude oil compared with about
Swettenfin and Penang are the 84,000 tons per trip by a convent discharge ports in the East 124 tonni tanker of the Bame
capacity.
In the passenger
of other monthly sallings. Other
carrying field a fast passengers at which Ben Line vesscis Biner with 275,000 shaft horse- power units would carry 5,000 passengers und crew at about
gularly load include Hamburg, and and Antwerp Rotterdam cargo lu accepted for Egypt, Thailand, Malumo, Singapore, 30 knots and show an annual
Bermeo, Phlippines, Hongkong. saving compared with the con-
Talwan ventional liner of £300,000 a Jeyan, Four services are
(Formicea), China and also
Heydon Newport Corp.
Hiran Walker
Homestake Miring Co,
42
Huseman Refrig.
10
lab PuWEL
31
Imperial Oi
201
ar
Imperial Tobusca
361
Ingersoll-Rand
40%
11245
and Steel Ca
81
3:0
Koterhesteal Cotę.
38
35%
Int'l Business Machines
41140
504 In Harvester
2012
251
Integratori Nickel
Jadio
Inwenaticoil Paper
Dint
Tel & Tel
03
3011
American Cyaqamia Co. Am. Gas & Electric
30
Jobew-Manwdle Co.
4714 Katmer Industries
1011
108
Kanser C. Power & Light
40%
B
Kansecoli Copper
your
23
Kimberly Clark
备
Ly Tulip
5719 Liggelt & Myers Tub. Co. 94
Liston Ind.
100%
Lockheed Aircrait"
AB
Loews Incorp.
2014
Lone Star Cenient Co.
201
50
Lowenstein & Sony.
Ja
144
McDermott J. Hay
221
3312
203.
24
2012
Am. Home Prod..... Am. Mach. & Fury. American Metal
Am. Natural Ccx American Bmelting Am. Buger Hef. American Tel & Tel American Tob
Anaconda Couper
Arinca Steel Armour
Asbestos Corp. Athe Cone. Mining Batwin-Lama-Ham. Baltimore Okla Bank of Montreal' Bank of Nova Scotis Bech Life Savers Bell Telephone
COMMODITY PRICES
SUGAR
Oct.
Nov
Estate epe thin. Det.
30% McDonnell Aircraft
20
Mabi Iron Corp.
9. Minnesota Mlaing
15
44
Mission Developrietat
Melons Brewery
75%b Monanto Chemical Co.
uncertainties
A fast
service from
The author concludes: "The operated homewards, one belog
monthly smarine installation described is Hongkong, Port Swettenham and
firmly based on our experience with this system: any marginal Stugapore to the tontinent and | Lamden. On this service cargo Rre of auch a nature that they can be resolved is aceeples from China, Hong- with minor experimental effort. kong, Japan, Philippines, Thai- The englering
land, Borneo, Sarawak, Singa- features are pere, Malaya, Ceylon,
Aden, and a detailed Port Sudan, Red Sea and Ezypt Brush
"conventional" assembly programme has Exccx
worked out with a construction for Mediterraneon and
parts. period of 2 years."
Some of the exhibits on show
bottles sherry
Oil Pollution
741
Montgomery
35
Motorola Ine.
4122
National Biscul Co.
National Cash Reg. "A"
National Dairy Prod.
A
National lead
ffatiumai Sterl Corp.
New York Centrul Noranda Mines Ltd.
Norfolk & Western Ry.
North Amer, Aviation
Northwest Airlines, Com.
Olm Mathieson
NEW ORLEANS Closing prices all in cents per Penny J, C. Co.
Olis Elevatora
Owen Ulinois Glass
Oxford, Paper Co.
Pacific Gas & Elec.
02
Pan American Airways" Paramount Pictures
4342
1043
30
ກ
US
303
Penn, Salt Co Phill Moni
Spot: 313; Oct: 3244; Dee: 32.18;ney Bowes March: 33.02: May: 33.83 July: 32.29; Procter & Gamble Co. Out: 3034; Dec; 30.33 Kinrch: 39.44. | Pitsburgh Plale Glana
2912-3015 20%-20%
34 thick Or 34 AMSTERDAM Closing prices all in guilders per idiogram, c.l., Oct.
tb.
2,83 buyer
No. 2 rubber
No. 1 repe
2.81 buyers 2,7 buyers 3.42 buyers -UPI.
No. 1 rubber
NEW YORK Closing prices all in cents No. 3 rubber per lb.:
Oct.
torch
Tin plate producers are It May luctant to make long range salcs July
Oct.
plans one mill still has not Sept.
Contract No. 4 (world)
opened fourth quarter books- Spot(Lo., Cubo)
Total Sales: 4 contracts Open Interest: 7.1 contracts.
until they know what will hap pen to the heavy backlog, of material on the books. for the Nov. third quarter and atili - shipped.
Contract No (domestlo)
March May
ore
UPI.
The steel strike has cut deep- ly into Great Lakes fron
shipments. The August move- ment of 797,979 gross tons whe the lowest for the month since the depression year of 1932, oc- corting to the Lake Carriers Association.
Spot-(C), N.3, ex-duty)
Total Sales: 26 contracts. Open Interest; 2,459
METALS
NEW YORK
Closing prices, all in cents
LONDON
SAO PAULO
Unquoted.
(Closing prices all in cruzeiro per kilo).
Average price in U.S. at 14 designated spot markets: 31.74
cents.
Total sales: 45,808 bales..
LIVERPOOL Closing prices all in pepce per lb./
American Contract Del/NOW 21.50 Dec/Jan: 21:08:- March/April: 21.80; May/June: 22.10; July/Aug 21.80 Oct/Nov: 21.69.
Mixed Contract Oct/Nov: 22.10; Dec/Jan: March/April: 22.30;
22.04:
31.35.
Publicker Industries
Pure Oll
Radio Corpuroilan Raytheon
Republic Steel Reynolds Meinl
Royal Bank of Canada Scars, Hoebuck & Co. Shell Oil Co.
Safeway Storeu Saint Reg. Paper Scenicy Inc. Scoll Paper
Sinclair .... Smith, Kine & French Socony Mobil Oll
Solar Aircraft....
South Puerto Rico Sugar.... Southern Co. (The
Southern Natural Qas Southern
July/Aug: 21.75: Öst/Dec: 31.80; } Sinndard Way (Com)
11.35
11.00
11.30
UPL
11.63
101.37
101.3
FOREIGN EXCHANGE
per 1b.
Load
Oct.
8.00
Dec
Zine
contracts,
Oct,
Dec
Copper
Det.
RUBBER
Dec.
Tin
Üct.
Dec.
Aggregate late shipments of iron ore for the first eight months
per long ton.
NEW YORK
Buyers Sellers
Rex rubber futures closing
in
37.75
37.00
Spot 3-month Copper
Spot
79335
704
Canadia
ZATA
22014
34.30
3-month
Langland
220
13.00
Leart hair
43:15
..Gel.
30-days
Dee.
90-days
12.53 Zine ist hale
Australia
Oct.
New Zealand
Dee,
In anticipation of the retire-of 1959 at 30,375,821 gross tons
Shupard, were except for 1850, the low prices, all la cents per lb. ment of Howard C.
Although Chairman of the Board, est since 1040.
im- November 1, the Directors of ports are being received in good
some question | Maren The Firat National City Bank volume there of New York have appointed regarding sumciency of iron ora May July
Nov. Jan
James Bullman Rockefeller as supplies throughout, the winter. Sept. Chaliman and Chief Executive Serap prices the past, week re- Nov. Omeer, Richard S. Fertdins as mained on an even keel. Dome- Chairman of the Executive sile mill buying remained light Centaliter, Goorge S. Moore, but exports were said to President of the Bank and active-China Mall Speelst. poris:
*Director
B.
The Directors have also an nounced that Writer Wriston, Senior Vice President, will askume general supervision of the Overdens Division.
Mr Wriston will pải through Hongkong tomorrow morning from Japan en route to Europe
and New York
SINGAPORE Closing prices all in Siraita be venis per lb. f.ob. Malyan
No. 2 Sept armyllable
LONDON
Exchange Rates
** Closing prices all in penca, per
No. 1.Root
thir
·Business was done in the local unoffic Exchange market morning, at the following estes U.S. dollars (per 81).
Sterling notám. (per (21) Austrmām, notam (par #1) Udonesian rupiah (per 109) Sdern Unaly, (pre 103)
... Sekitement house tamn: Jatt/Dee Jan./Marcu 18.01. Apell/June 1234 July/Bop 14,50 | Oct./DRO
General markets,
7. parte:
Closing prices, all in sterling
COTTON
NEW YORK Closing rates!
omeisi
Suth Africa
Others unchanged.
Standard 1 of Cat Standard
Oil of Ind. Htandard Oil of NJ Steel Co. of Canada Sleep Rock..... Sterling Drug Co. Stokely-Van Camp. Bloms & Webster
Studebaker Packard Corp.
Sunshine Mining
Swift & Cu Texas Co.
Textron Inc. Thinkai ChaSTY,
Tide Water Of
105-0/10ders Finare..
Tri-Cont. Wards
Twentieth Century Fox Flim
United Car
Corp.
250+3
2.9057
Union Carbide
2.0000
Union 01 of Cel......
2.2135
Union Tagle Raliway
2.7043
United Aircraft
2.6000
United Fruit__ ..........
US. Fol "B"...
LONDON Closing rates:
2.00-1,8014
7.03
New York btontreal Aristerdam Drusly Copenhagen Frankfurt
NEW YORK Closing prices all in centa prokholm
34-3415
31-21%
Oxla
·Paris
lb.
Mila
34 Arol: 43:42; MAY : 30.04; JULY? 3329
Zurion
Oct: 3950; Deo:" 3947;; Maepp: 30,40,
Spot: 38.90; Oct: 3840, Dac: 31.18: Vienna
11733-51,23%
13.7012-13.77
US. GypswER ...
US. Li Co.
U.S. Rubber................
5. Amolting
U.8. Stee 7 PC. P
Waukee Motore_.... Www.baghouse Air Brake Westinghouer Electric Western Union Tel. Co. Wood Vs. Puin & Paper Winn-De Storea Woolworth (K, W.) Zenuh madis
WENG
50 years old mocking the
over
time
when the wine was shipped on a round voyage for naturing.
Last year the managers of-the--
· PROCESS for use in Bot Line decided to revive the
removing all contaming-custon and the sherry served at the celebrations cams from u tion floating on sea water, ogshead Of absorbing oil from beaches has been developed in the United States..
TC-
Ben
The operation of the process depends on the use of a granular compound which is said to absorb the oil with exccptional em ciency In the ease of sca water pollution, the compound is spread on the areas affected and when: It has absorbed the all, 13 sinks to the bottom."
(34 gallons or 245 tre bolos)· which had been carried on an outward and turn voyage. The wine mer- chants taking part in this enter- prise are an Edinburgh firm with vintage interests in Jerez. Another feature of the Line which was also relcbrated
The www
distinctive motif of the line-an artistic panelling on the
carried superstructure out by Chinese scamen who serve on all the Une's vessels. The oll absorbed by the com- 11 is only the Chinese
scamen pound is never released, it is who can apply this art and it Bclaimed, and in consequence no takes the icem of teal graining
751%
75
Bubreqcent escape of oil or in panels oncased by stenciled
37 harmful pollution of the record black lines with conventional
534
Occurs.
The all-absorption efficiency
of the material le said to be
Seats thistles at the corners.
50% such that It will remove all LONGSHOREMEN
419%
10%
traces of all
194 which the oil has penetrated to STRIKE POSTPONED
from ground lo
37:2
a considerable
depth, ar from
30
03
floors where the oil has been
07 present for many years.
The compound
New York, Sept. 30. -
THE International long-
19
non-
TH
43 combustible even when saturated shoremen's association
4% with oll, and can also be used
M in consequence, it is claimed, to agreed today to a 15-day.
12
$16
put out fires.
The process has postponement of its threa- 37L been developed by Jenalite, 13-toned dock strike, but o
B015 17 Rathbone Street, London. 3712
61% W.1.
Obsolete Ships
THE
local that handles some of the trans-Atlantic ships that dock in New York voted to go on strike,
The threatenied general strike was averted when the ILA and THE Japanese Ministry the New York Shippers Associa
of Transport bastion agreed to a contract exten- sion after Labour Secretary bulid" "scrop and
pro- James P. Ttchell appealed to gramme for the shipping both sides to continue negotia industry which would dis- tions.
But the 'ILA's Chelsea locai, pose of obsolete Japanese which supplies dockworkers Tor ships totalling about one passenger ships shouted a vote million gross tons Over a of defiance, at a noisy meeting 100% period of five years.
50
141
401
The
The
tonight.
At another fist-raising atsalon, progremune, still in its fun ILA, local, which handles the 21⁄2 | draft' stage, has been submitted biggest of the luxury liners re-
to
Governing Liberal- luctantly voted to go plong with Democratie Party, for approval. International leaders in · post- 1946 It represents
drastic measures įponing the strike.
to get Japanese shipping con
Picerns out
of
Shoir Skogericini dilewaR LOW.
The threatened strike would present have paralypod: Erst coast ports.
No comments yet.
Private notes are available after approval.