Page
THE CHINA MAIL, WEDNESDAY, OCTOBER 14, 1959.
EFFECTS OF A TORY WIN
London
Bullish Market
Closes And Strong
Higher Pound Sterling
London, Oct. 13. Stocks closed higher today
after a new wave of buy
ing alworbed earlier profit-taking to signal the end of the historic elec. tion account,
Now peaks were reached in many uer as strels Antsbed strong and blue chips scored substantial goins. Star per- formers included Ford, Dritish Oxygen, British
London, Oct. 12.
Rubber Wall Street Slips
Market Review
Singapore, Oct, 13.
opening in sympathy with overseas and ruled qulet- ly steady fluctuating within narrow limits.
The London Stock Exchange had boon The market was up at the
behaving in the week to October 8 as if the Tories had already won the election. As that result had been so heavily discounted its materialisation has produced massive profit-taking.
Over a period, however, there Ameriene is scope for a Conservative win Tobacco, Imperial Tobacco, Tube to give a protracted bull mr
ket and conversely,
Some Amerfean experts think Is the trouble with the dollar the cost of keeping out in front,
Techniques
Japan and Western
Europe
Lower sheet interest WAS on the small ride but sellers reluc- tant to meet market
more
A Little Lower
On Late Selling
New York, Oct. 13. Strength in American Motors which ran up more than two points featured a lower, moderately active stock market today.
un~
Anaconda Copper
Armen Ateel Armour
During the afternoon with
interest in forwards the The market started firm and ¦ Am. Sugar Nef. ..., market nued steady. Towards fairly active and moved higher | American Tel, & Tál, eleint clove fresh buying de- for a time. Bat the steel American Tah veloped and sellers slightly re-certainty brought in selling In served.
the steel innses which register- ed losses ranging to more than two points. Individual weak chemicals and spots in the special issues added to the set- back.
Investments and Guest Keen.
awetament bonds had an- other good day; Greeks were Some but try to have it both
SHEET-DEMAND firm hang foreign bonds and wave by arguing that a Labour dollar stocks were mostly better. Goverment would be equally
Lower sheet demand remained Stures, electrical, television, bullish by is cheap money polecan expand by applying (some- shipping, newspaper stocks and cies and by the massive pur-times copying from the United and good premfume paid for
chures of equities for the
States) techniques already de- neneby deliveries. 21-
In New York, rex veloped. fional mirperannuation fund,
futures today closed 30 to 5 Selling read to all other sce i polufs higher with sales of 10tions, including the electronics
contracts.
(which at one time were strong. Later in the dy they ranged from a rice of two polnis to a decline of four points. Raffroad issues had losses running from
textile stocks all stained ground. Bank and insurance shares were strong.
Goil shares improved after early cabiness while coppers and tins scored gains.
Oils were firm with Ultranvir the feature, and rutters art- vanced - UPI.
Closing Prices
British
£6-5/19
Giltedged Bonds
Tratesort 30, 1918/92 -
Console 215'-ES-3/10
Curants 4 -- 731
Cabverdon
Loo 31
TINGSA--
04-13 10.
Funding
ican 3
1050/M
CM+3/19.
Funding Stack 1, 1990/2004 ---
C71-13/14
Funding
ועוגן
4", 1260/80-
Savings 35%, HS5/65-ROM, Sayings 37, 1060/70- £12-1/10 Bavings 32, 1065/75-£10%
Batien
"A" had er¿- 50%
Barclay's
Gd
Chartered florikim od..
Hongkong-£ 55 $5.
Insaranee
Union Ina, rauce Contor-- £3.
Aircraft and Motors
1 Mine_torp
1
at
મ
cer-
Cons
rubber
The United States is wonder- Certainty, a Labour Govern-
trchni- ment would not be extremist or ful at developing new
of! The market dorived strength Loven anti-capitalist but iques but probably on a law
stock exchange prices, at least tainly
current diminishing returns and
from the higher foreign markets would hardly maintain
unconfirmed high caste
reports of for! and over the next few months.
fresh inquiries for rubber in the staf comparing verlein in Mac United Strites aci
Far East for China. Shipment fractions to more than a point in Britain
over the weekend New York Central. int offerings prominent
The and ligh priced, followed the strels down for the national electronics concern still were light
trils ill,
Fame reuson the steel strike. Lakes the pound sterling of $0.
Spot No. Rss was quoted at Another
434 cents. American expert view is that the peak pressure
will come or the dollar
nexi year at the height of the boom and Urat Europe will then see it! and take a länger sure of the aridi and defence burden. maing to be se
HONGKONG STOCK EXCHANGE
by
Our Own Correspondent
In Danger
11 Tow
The dollar discriminations are nonsense but their removal
remove the do)-
Bustnem done at the long-might merely kong Stock Exchange this morlar's alibi.
Ford Motor Coning amounted to approximately
Breweries
Distillers Cos 30
Building and Materials
Aunelated Porziand Cement-74x
Prein Johnron Associates ORI- 224 1.
Food and Tobacco
British American Toh. Co., Gid
-62 30.
Imperial
*** cur
Teknezo Co., LUD-644
Miscellaneous
Boardian Marden Ltd
gied car.
37
·Britis Oxygen Ltd. Ont- 76%
Canadian Pacific Riy~$4793.
Dunlop Rubber Ca--25a Dt.
Hongkong
China Gay-19.
Imperial Carmical-54 7554. tvima * 4:0-80%.
Unilever Ltd-12l« na.
Paper
Bowater Paper Corp Ord-dis $a.
Radio and retrical
Avariated Elgeirieni-Ga 3t. Electrical & Musical. Sa 10. Boglish Blectric Cu-49 d. General Electric-40s cd
Shipping Indo-China Stem Nav. ord-30 f.
ย
Ca. der
Strain Navigation def ord
Store
42¢ Gd.
Great Universal Stores "A"-49%
Marks & Commiss
Woolworth
Textiles
Conte & PL/d-313 4150.
Courtaulk, te loka.
$2.703,000. Noon quotations and the morning's transactions:
Shares Buyers Sellers BANKS
OK Baak. 187.5 1924
Buies
27 M
ID 192.50
10.1103
992.50
30
10
Fit Asia... 340 INSUILANCES
ti
87
51 100
P
Let
41
SHIPPING Waterbust. Wheelock
20
640
+
09:30
50 RO
500 10
C40 3000 G 6.41
4000 (
0.45
SAN A
6.45
400000
123
DOCKS, ETC.
K Wharf.
Dock
121
124 ซู เ
M
203 54 200
5G
Subject always to the British election outcome, the dollar has umed sterling's old role of being in danger of breaking its nock on the bottom step,
All external payments ATC only five percent of the United State gross product.
Such a trifle ought to be easy to adjust but if the Americans feel that it is not worth adjust- ing the whole-system to such a trife, the deficit might grow to a still marginal two percent or
30.
Meanwhile, one aspect of the 6.45: trouble
is being successfully tackled. The United States Treasury's nelion in Issuing four years and ten months securities Eccause Congress will not allow five year bonds may be slightly comical-but the new losue has 1000 55.50 been a roaring success.-China
2001 Boty
BOO
1000
4044 50
200 150
Lid-701 30
Provident. 145 1450
Taikoo Dock 33 33.75
LAND, ETC
1009 300
14 00
14.01
CH
34 25
2100 $515
BK Hotel.
14 12.25
1500 0.05
6500 14
3200 32.25
1K Land.
38
-100 100
3000 G 38
Bds 101..
De Beara der-176
Ord-031 f1.
3d
Really
RUBBER
1.70 1.725
1.10
Amule
Iments .
Anglo-America Corp of South
Allen-K
Cons Goldfields of South Africa--
Cons, Zine, Corp.
Free State Development & Invest
Hongkong Tin-Og 10.
Petaling Tin- 3d.
Rand-138 04.
Southern Kinta Cons Lid-30%,
Union Corp. 140.
Went
100% flgd.
Driefontein Goldmining
West Rand Cons-225 6.
British Borneo Petroleum Syndi.
cate-iļa 1011⁄2d.
Brish Petroleum
Gd
Burmah ---484
Royal
Dutch!
£14-31/32
Cold-54K
Petroleum
4000 20000
-3.3914 1.625 2000 3.5TS
3.50 5000 10 2000 ( 3,573
A. Tawah 3.90
Surfa Tram | St
Youmati
UTILITIES
2013 31 1000 4
Ferry
121 122 100
Mail Speelal
Yesterday's Closing
Abertos Corp. ............. Atlas Com bitning Baldwin-Lim.Fan. Hestimore & Gio .. Bank of Montreal Bank of Nova Scolla Beech Life Savers Nell Telephone ... Beneticla FinaOC Dendis Aviation Corp. Benguet Corse. Bethlehem Steed
Boeing Airplane
Hurroughs Add Machine British Columbia Elec, Calit. Packing_Corp. Cana. Bk, of Comun. Campbell Soup Co.
311
7934
2012
7412
33
3
10
107
Belst
7195
3015
4012
EGIC
RANSPORTATION
NEW FLEET OF ELECTRAS FOR KLM AIRLINES
THE first of a new flect of Electra prop-jet
transports flying the Dutch flag took off from Lockheed Air Terminal in Burbank, Calif. recently en route to European service that eventually will include flights into Moscow,
KLM Royal Dutch Airlines,
with 12 Elceiras on order, whî i
be the first European airline Plight Of
fying American-built prop-jet
transports
to cities in Europe,
the Near East and Middle East, French Yards
Electra flights to Moscow will begin early in 1900, when the Dutch national airline expects to be operating the Lockheed prop- 5015 jets over 20 routes.
schedules in originate
304
12
401
19:2
לינג
at
THE plight of French ship-
yards is causing incrous- Initial December willing anxiety. According to a
Amsterdam's loader of the shipbuilders' Schiphol Airport and extend to branch of the C.G.T. (the Cairo and Damascus.
The lead-off plane, christened Communist trades union) the "Mercurius," and all other KIM Government has already de- International model Electras will cided on the reduction of have a nonstop range of 3,500 miles, increased from 2,750 miles,
as a result of new tanks
rails
Came (J. 1.) Co.
Canadian Pacific N
Cat. Tracier
Celanese Corp.
277
Chrysler Motory
24
HIGHER
Cluett Peabody
ZA
chemicals,
Colgate Palmolive Co Colombian Carbon Co commrcial Credit Consolidated Edison Commumets Ger
4474
#21
fuel (for
€2
Continental On of Del. Crane Co.......
481
20
Aircrafts, selected
In London, the rubber market was quietly steady with spot quoted at 36% pence per pound, drugs, tyres, and specials were In Amslerdton, the rubber | higher, American Ship Build market was steady today-UP1. ing ran up more than 4 points.
Coca Cola lost three points.
Today's volume was 2,530,000
Agreed Merchant shares.
Rates
Swiss Frances
Belgian Franca
Maximum
Selting
73 7/10 807
| CITY~LIGHTS:
"Thank heaven they've got rid of those pigeona and starlings — say wren'
London Express Service
Of a total 1,207 issues traded, 427 were higher and 642 lower.
.American Exchange volume was 1,010,000 shares.
Crown Zellerdach
taban Amer. Sugar
| Diamond "Alkal Diamond Card Domialon Stures Dougies Aircraft Dow Chemical Dupont de Nemours
·LABO Eastern Kodak Fatah
El Paso Natural Cas Family Finance Corp Ford Motor
General
averages General Motors
Gatineat Power
Bonds volume amounted $5,850,000.
-to
Georgia Pacific
General Dynamics
Genera
Dow-Jones closing
were!
30 dustin
20 calla
15 ties
05 stocks
Gm Pub. U.
Gen. Tyre & Rubber Getty
#72
shipbuilding copacity from
700,000 tons per annum to
commodating 970 galions more 400,000 tons by 1962. This 6.490-gallon total) ||report has so far not received
on authoritative denial,
The Federation Shipping Lines
of Rave
than earlier Electra models.
The latest delivery made a fotal of 63 transports procured so
French far by the Dutch airline from
brutal Lockheed Aircraft Corporation warning this summer that the over the past 21 years. KLM shipyards could not expect to Brst purchased Model 14s in 1933 | continue to receive order. from
thêm for 500.000 tons of shipping per annum in the years ahead.
ค
491%
日中
23912
30%
22
and bull up fleet of 44 Constellatione
the years before introduction of the new Electra,
over
KLM is the 10th air- 83 line to receive Electras.
13
49 472%
054
The
sitration
new
already
Increased weight and fuel serious. About 500 workers int capacity do not affect the prop- the shipyards of the Nantes re- 77jet's 405-m.p.h. cruising speed gion have been paid off and or its capability to use shorter (again according 10 C.G.T.) runways of many European air more than 10,000 are on short
time. 710 ports and operate profitably over short distances between many cities on the continent, Lockheed officials reported.
The model 188C (its design designation)
1912
the
637.83
Glidden Co.
167 07
Goodrich B. F.) Cu.
87
18.06
Goodyear Tyre
123
213.28
Ortenman Aircraft
23
BL.CO
Out! Oil
112
Hammond Orga
Heyden Neyport Corp.
17
tiram Walker
Homesiake Mining Co.
4314
Huisman Refrig.
10x
Idaho Power
G2
Imperial Tobacco
12
40 bands
Comm. future price index ... 140.2
Closing Prices
Abitibi Pwc, & Paper
Aklen Inc. Aey,...
Algoma Steel Corp.
Allied Chemicals
Allled Max Inc Allis Chalmers
Am Brake Swe
Am. Home Prod.
Am. Mach. & "chy American Metal Am. Naturot Gan American Smelting
#56% 301
Inges wozil-Farul
Lipchines
Inlerchemical Corp. Tall Bus 117101) Harvester
International Nickel Int'l Tel & Te
also has a higher New Graving
maximum gross takeoff weight: 116,000 pounds compared to the domestic model's 113,900.
Dock Planned
Interiors of the KLM Electra aro especially designed for air trafe requirements on the air-
MONSTRUCTION work on line's far-flung serial network
the E4 million new cast of Amsterdam. They have accommodation for. 16 first-clas graving dock on the Clyde at and 51 tourist-class passengers. Greenock-the biggest of its
tracks make it easy to convert the cabin over-night to kind planned in Britain-is hoped to begin by autumn
Floor
09-passenger capacity.
On long flights, custom galleys | next year and tondern may be with over-size. ovens and re-invited within the next few frigerators will permit quantity months.
meal service for full passenger
BIA
32
John-Marville Co.
51
American Atrije
Kaiser Industrien
14
American Cable & Radio Corp.
97%
Kane C. Power & Light
43
American Cyaneenid Co.
Kennrestt Copper
Amer, & Form. Power
Liggett & Myer Tom Co.
BARYS
Am. Cas & Elect
48
Lily Tulip
430
105
Liiton Ind
122
03
Lablow Gruceterias
Lockheed Aircraft
237
6711
Loews Incorp
30
43%
Lone Star Cement Co.
292 loads.
Lowenstein & Sons.
323
McDermott J. Ray
McDonnell Aircraft
Mesabi Iron Corp. Minnesota Mining
Mission Development
Malsons Brewery
23
211
version.
Monsanto Chemical Co.
433
Montgomery Ward
50
Motorola Inc.
107
National Biscuit Co.
87
National Cash Reg. "A"
03
National Dairy Prod.
Intional Lead
1071
COMMODITY PRICES
2015
SUGAR
200 134
122
103 122
400 6 12
300 4 103
2200 122
500 G 16.30
NEW YORK
Closing prices all in cents per
18.30 3:
Contract No. 4 (world)
General markets, c.l.f. basis, ports:
Oct.
303-30% Nov.
2835-2846 Estato crepe thin Oct... 3/2
thick Oil... 357% AMSTERDAM
Closing prices all in guilders
per Idlogram, c.lf. Oct.
No. 1 rubber
METALS
NEW YORK
National Steel Corp.
New York Central Noranda Mines
This was ponounced by Gen-
Movable cuisin partitions, cral Sir Gordon
doors, air grills chairman of 154 complete with
und lights, help speed the con-
10
Two additional
Investigating
the
Macmillan, Inchgreen
Company, which
the plans
Lavatories and a coat comport- has been examining ment at the rear meet high-for the project, density needs.
details had
He pointed out that the Gnup- KLM Electras are powered by ctal and wahnical four Allision Model 501-13 still to be finalised turbine engines and new-design"go ahead" signal could be
Harmilion
Standard solld dural
propellers. The engines provide Given.
a total of 15,000 h.p. at takeoff.
31
LAS.
47
Norfolk & Westem ty.
Northwest Airlines (Com.)
3314
Olin Mathieson
Dus Elevators.
PAA's Boeing 707
Oxford Paper Co.
401
Pacific Gas & Elec.
Makes Good Time
Pan American Airways
Measuring Corrosion
Parka Daria co
4016
Penny J. C. Co.
107
11.50
Hon. Salt Co.
11.30
Philip Morris
11.66
11.5#
Proctor &
31.10
30.00
101.60
101.025
Closing prices, all in cents per Paramount Pictures
300 buyers
No. 2 rubber
2.98 buyer
C. Light..
No. 3 rubber
2.00 buyers
10.00 10.40
No. 7 crepe
1000
1500
18.30
1000
10.30
5000
12.40
Electric
23 23.10
103
23.90
2500
23.8
TOO
23.80
Oct: 3.10; Jan: 37: March: 120; May: 3.20; July: 3.25; Sept: 326) Oc: 126; Jon; 347: Spot-ct.0.5. Cuba) 3.13.
3.40 buyers 1b.: NEW YORK GREASEWOOL
Closing prices, alt in cents per
Lead
Zine
Oct,
Jb.:
Dec.
Oct
120.5-127.0
Copper Oct.
Dec.
130.0 traded
Dec.
1000
23.30
Talal Sales: Mi contraCTR.
March
132.6-1.33.0
Tin
Oct
300 or 23.00
Open Interest; 7,195 contracts.
HL 12.80
205 ur 12.70
B3 a FIT #
12.70
400 07
12.80 12.31
Macco E.. Tel
10.80
301
100 6 31
31 1300 33.70
2000 or 30.75
Contract No. 8 (domestic)
Nov: 5.78: Jan; 8.78; March: 5.50:
May: 5.62; July: 5.09;
N.Y. ex-duty): 13.05.
Spot-(CSpot
Total Sales: 115 contracts.
Open interest: 1,518 contractu.. UFL
July
May
Det.
134.3 traded 1340-134.8 134.0-1343
Deo.
LONDON
125.5
UPI.
before the
Shell Transport & Trading-1479 04. -Reuter.
PURCHASE COMMITMENTS WITH U.S.
A
INDUSTRIALS Cement 371 372
STORES, ETC.
XD 20.83 20,70 Jury
WOLSON
New York, Oct. 13. leading international trade consultant suggest- ed today that foreign na-
tons be required to ex-| pand their purchase com- mitments with the U.S. to be eligible for foreign rexis aid as a means of stem- ming the outflow of U.S.
gold and dollar reserves.
L. Cra.. COTTONS
21.00 22.40
300 39.70
600 37.78
500 31.75
250 31.70
1000 37.79
500 20.80 4200 47 20.30 1000+ 1000 ur 2:0.20
400 21.10 1000 t
RUBBER
NEW YORK
21.05 Rex rubber futures closing 2.30
prices, all in cents per ib.:
1000 625
8.75 5.90 6000 fa
500
1002
21.80
Nov
24.70
2003 + 23
Jon
March
May
#105
July
1000 1.70
Sept.
2000 1.60 3000 68 EFU 1000.
14,70
Nov.
10.00
14
cents ports: No. 1 Out.
1500 or 0.39
NOT.
No. 3 Oct.
No. 3
H
No. 4
Nanyang.. 14.0 14.50 BOOD Mr Stefan Jean Rundt, head MISCELLANEOUS
Vlore
of the consulting firm bearing INVESTMENTS
**** 1,30 Aled
IK & PE
Invest. 11.90
his name, said such a proposal Inf could mean that assisted coun- tries would have to pay “a bit" and that foreign aid could not 20 quite as far.
However, ho added "It simply makes no sense that wo #tive grants which foot the bills for exports of other nations, render profits to our industrini compotitors, whose relative gold position in some instancos greently better than ours,"
UPI.
10
Exchange Rates
37.90 34.95
34.25
31.33
33.15
32.00
BINGAPORE ·· Closing prices all in Straits Der lb. 1.0.b. Malayan
Spot rubber unhaled
Blanket crepe .....
No. 1 pals crope
COTTON
NEW YORK
Closing prices all in cents per
b.
Spot: 32.80: Det: 32.34: Dee: 32.16: March: 32.59: May: 32.85; July: 32.30; Oct: 30.06: Dec: 30.50; Mar: 30.09,
NEW ORLEANS Closing prices all in centa per
Spot: 31.2 Oct: 314; Dee: 32.58: March; 3243; May: 32.40 July: 32.40; Oct: 3048; Dec: 305: Mar: 30.50,
SAO PAULO (Closing prices all in cruzeiro per kilo).
Det: Deo: 73; March:. 70: May 10016-100 70.
DO-DUSL 100-100 D0%-100% 96-100 1040-1003 96-100
113-117
LONDON Closing prices all in
Pitney Bowes
Gamble Co. Pittsburgh Plate, Glast Publicker Industries
Pure Oil-
Radio Corporation Radio Corp. Prel
Raytheon Republle Steel
Closing prices, all in sterling Reinolds Metal
per long ton.
*Tin spot
3-meth
Cooper spot
3-month
Lead 1st halt Oct,
Zine 1st half
Royal Bank of Canada Bars, Roebucit & Co.
Buyers Sellers Saint Rex Paper
23016
70435
794
231
231
T
FOREIGN EXCHANGE
NEW YORK Closing rates:
Cani England
offical 30-daya New Zealand South Africa
Belgra
Holand Average prices in U.S. at 14 Bwedert designated spot markels: 31.58 Switzerland
Others unchanged cents.
LONDON
Closing ratès: all in penco New York
Tial sales: 75,092 bales, -
LIVERPOOL Closing prices
Seteinent house bern!
4.72
Nov. 15.03 Oct/Dec..
pence
3316-309% 33-3312
per lb.:
11...
13.50) Jan./March
Businem was done in the local per l
bxchange andunomic
market
The No. 1 R spot............ morning at the following intent- U.S. dila iper $1) Sterling notre (per £1) Austalian nulan (por Indonesian rupiali iper 100) Blan tients (per 100). Blögapore (19)
is
370 April/June 29.06 | July/Bapt.
1.89 Out/Des
Antlerdein American Contimet Det/for: #1.70 Dec/Jax: 2150:1
CopenhageUS March/April: 2150; May/June: 3172). 4**
Frankfurt July/Au#3, #138; Det/flov: 21.35. Patio
Mixed Contesol
Oct/Nov: 20; Deo/J: 1.30: Ma Marts April); ;May/June:13; Viens
Zurich 70% July/Aug: 2135; Oew/ov:
1.05
2.5100
27020
1.8130
0000
Schenley Inc.
Best Paper
Since Of
Smith, Kine de French Soeony Mobil Oll
111 South Puerto Rico Bugar
Bouthern Natural Gas
Bouthents Radway (Com. Standard Brand" Standard Oil of Dal Standard Oil of Irui. Bundan OU SI NJ, Bleep Rock
Sterling Drug Co. Stokely-Van Camp. Stone & Webster Studebaker-Packard Corp. Sunshine Mining Swift de Cax
Texcom Ch.
Textron Inc. Thakol Chem.
Tids Water Qu Time Ind........ Traders Fins
Tri-Cont. Wazeta
Un Che
Union Dil of Cal.
5/10 Unido Pacino Jay
United Atrernet
Unified Fruit
| Unlled G Corp.
V.B. You "B"
US. Cypan
08. Line Co.
US. Huber
430 13/16-3.80 15/10 1.8. melting
2.001 15730-80G ?/ID
İR.2005-10.00
1933-1935
(5.7836-15.703
£4.4316-14.00%
すぐ
.
US. Steel
Wäriver. Brons, an Walkesha Motor Westinghe Air Brake Werlinghouse Electric Western Union Tel, Co. West Va. Pulp & Pálse?
Woolworth (KW)
Z15 Itade,
San Francisco, Oct. 13.
PAN American World
A Airways round-the-world
new devices that will measure automatically 30 jet returned to the United and continuously the com
States today, completing asion of metals with an accu- flight of about 21,000 miles racy of the order of one- 59 in two and one-half days.
1031
STEP
204
2014
to
the
The plane, a Boeing 707, land-millionth of an inch have ed et San Francisco Interna- been developed in the United tional Airport with 117 passen States and Britain. gor and crew of 10.
Both devices will detect The plane was supposed have landed at Los Angeles In occurrence of corrosion to an ternational Airport, but it was
Even greater degree of accuracy
the case of diverted when that airport bein
some special applications. In several cases, come fogged in.
for example, the cecurrence of corrosion to a depth of une thousand-millionth of
The plane left New York on 364 Saturday night. It flew from London to Hongkong in 15 hours 47 and 50 minutes elapsed sir time for the 8,250 miles. It was be-
loved to be a record.
40
an inch can be detected and accurately measured. Produced by Wayne Kerr Laboratories, Roebuck Rd,
It flew to Tokyo from Hong-Chessington Surrey, England. kox in three hours and 14 minutes, two minutes short 18the record-UPI,
Cut In Soviet
Air Rates
London, Oct. 13.
of
Bea Announce
Fare Reduction
.
London, Ott. 13.
AEROFLOT, the Soviet Burpatates"
fine, is to reduce in long ways, after negotiations distance Jet and turbo-prop with other airlines, has de- aircraft fares by 20 to 25 cided to reduce itë färks by per cont as from November 1 15 to 25 per cent on certain Jon domestic routes, Moscow European lines, as of April 1, 2014 radio announced today. 1960, □ BEA-spokesthän said
today,
100
Fares on these alreraft, from 45% Motoow to the Soviet Far East will as a result cost little more than first class journey by train The alreraft, including the TU 1104, are used on more than 40 Autoflot routes in Russia, 101
Reuter,
The reduction will become effective only if the agreements concluded with foreign airlines are approved by the government concerned, the spokesman added.
NEP
No comments yet.
Private notes are available after approval.