1959-11-26 — Page 2

THE CHINA MAIL, THURSDAY, NOVEMBER 26, 1959.

Dollar Exchange

EUROPE NOT PRESSING FOR DEVALUATION

London, Nov. 25.

If the dollar exchange rate against the European currencles is in fact unrealistic, attention to U.S. costs does not yet seem to have restored the dollar's competitiveness.

The problem is intractable; if it cannot be suffi- ciently tackled on the U.S. costs side it is in- soluble. The question of whether the dollar's exchange rate is realistic is not unmentionable.

the steel

i

Rate

Problem

HONGKONG Profit-Taking On New York

Exchange Before Holiday

STOCK EXCHANGE

by

Our Own Correspondant

New York, Nov. 25.

Pre-holiday profit-taking hit the Stock Market today after the list had registered an irregular advance with all but the railroad group parti- cipating.

Flonz- Electronle Issues, strong for a Diamond Alkall Busine's done at the keng Stock Exchange this time, succumbed to selling for Diamond Gard

Dimillersrogram Several issues of the Dominken, Swee to roxi-profits. morning amounted mately $1,154,000. Noon quota cup showed lores ranging to Dougies Aircraft tions and the morning's Trans-pearly 4 points before actions:

Sharey

BANKS

HK Bank

Apert from such things as it as a diraster, and they could certainly would situation which in- and almost

looks creasingly

liko

prevent it. Home fundamental social issue, rather

If, as is almost than an economic or even political one-the unrealism, the Americans ever wavered in subPING any, may be scribable not to their determination not to raise differential US. ination but their gold price, the European simply raise cimply

to the European de- countries could

theirs equally, valuations of 1940.

At the time Sir Stafforst Cripps thought he had deliber- ately pitched sterling's rate of $2.80 at an undervaluellen, so an to have a engin against all contingencies. If the US. has

uncompetitive, Jarvine

GUTTTACY

-

Havers Sellers

1015 1050

Sair1

20

1035

41950

lesing Dow Chemical

Dupont de Nemours timo.

Rastman Kodak.... Some other of the so-called P Natural Gas space rge issues sagged, inclut Family Finance Corp.

The ne Tyre & Rubber 41059ing General Tyre and Thiokol, First Nat. City Bank

(makes of rocket fuel, Solar Ford Motor Co. of Cana.

Aircraft ran up more thon 2 Gatineau Power points. Other aircrafts lost part in Pacific,

General Dynamic of carls gains that had runged General Electric to more than S points in Um General Foods

General Motors |Curtles-Wright issues,

Util. Gen. Pub. Eastman Just 3 In thee Tr & Rubber chemicals and International Glidden Ca Sult fell 2. Union Carbide held n 2-point rise. Alcoa was strong In the aluminiums along with Reynolds Metals. Coppers ruled frm. Some of the olts rose # point or so. Specials had gains ranging to more than 4 in Idalo Power Coming Glass, Philip Morris rose 2 in the tobaccos, Norwich was up 3 in the drugs.

INSURANCES

wathinkable,

Th Lombard

131

4112

Waterboot Wheelch

ко.....

23.90

3 00 5.701

2005.05

2000 65.00 2000 560

343

M 5519

145

15.30 130

19

Even on the two less delicate grounds of budget balancing and credit restriction, U.S. practice is not perfect; no country's ever is.

a

Lokm

While distinguished American which bakers Jament that even in the problem prezent boom the U.S. has not is still unproven, the will be intractable only if it is been able to develop more than in tho sumplus. structure

Fodor

brudset budget,

any both inappropriate

surplus is a gratifying change from last year's huge deficit, and its contribution to the prob- bem may well have underrated.

it to

whnica

And unchangeable.

Not Pressing

The problem of the present exchange rates (which certain-

ly seem to be unchangeable) is i

Credit Policy

is

Credit polley a tougher realistic for subject. that if they were

how com the Europ, of 1949

While the Federal Reserve has they be realistic for the trans-

itself Geleni of Europe

today? i crtanily to

of ham- chargy for against the not pressing Europe

U.S. stringing

ecmamy The dollar devaluation.

to press monwy

rectify

formed

15

On the contrary, respensible mople in Europe would regard

OFFICIAL NOTICE

Proposal to change a Ship's name

It is not easy

policy hard enough to the balance of payments.

DOCKS, ETY" H. Whart Deck Provideni

Talkoo Duck 3875

LAND, ETC. IIK Hotel.. Really

His..

700 144

500 15.00 503 150 500 189

GOD 38.75 300 38.75

221 32.75

as 1375 20000 64 1.33

20000 1.375 120 V) le Ke

1000 11

non o ite 00011

4000 * 10!

RUDDER

Ainalk

3.75 3.775

60 4 173

5000 3.75

$150 4.90

Trus

12000 67 495

Today's volume was 3,830,000 shares. Of a 1oint 1,227 Issues traded, 532 were higher and 472 lower.

American

Exchange volume

was 1,520,000 shares.

Bands volume amounted $0,#20,000.

Dow Jones cloring:

100041975150 industriais

20000 4.95 $20

to

651.10

146,12

420 1000 4,23

65 stocks

211 01

3.31

3000 3.40 |

Future index

commodity

price

131.00

311

A Trinh

Shungala

4

UTILITIES Tr.....

Sur Ferte YAWIAt

# FRE

calls. 21487 15 en 10903

134 100 104

500137

5.43 0.70

1539 20,70 1000 2,70

500 + 20.70

Closing Prices

ADHIDI Pwr. & Paper

Allied Chemicade

123 100 127

C. Light.

estr

20.30 20.70

24.000 2170

Goodrich (2. F) Co. Goodyear Tyre Grunnman Aircraft Gulf Oil

Jiantmond Orgas

Heyden Newport Corp. 20mm Walker Homestake Mining Co

an Refrig

Imperial Totacee Ingersoll-pr

Inland Bleet Co. Interchemical Corp Int'l Business Machines Int Harvester International Nickel International Paper Int'l Tel & To

Johns Manville Co. Kaiter Industri

Kanaan C. Power & Light"

Kennecott Copper

Kinberly Clark

Liggett

Myers Tob. Cu.

aly Tulip (x0)

Lockheed Aircraft

Eews Incorp.

Lone Star Cement Co. lawenstein & Sonk McDermott J.

Jay

MeDonnell Alterati

Merabi Iron Corp Mole Brewery

Nuranda M1500 LB.

19xd, Texas Co.

JP

3.3

Jos

Textron Inc.

Thłokol Chem.

Tide Water O11

39 Time Inc.

D

Trackers Finance

232TTI-Cont. Warran

1073% Tiles Centty Foy Fitm

29% Union Carbide

2015

1241%

Union Oit of Cal.

Union Parlie Railway

United Aircraft

United Fruit

United Gas Corp.

U.S. Cylists

40U.S. Line Co.

BP

300

UA. Rubber

1.8. Smelting U.A.

Sleep

24UB. Steel 7 P.C. PF

Warner Bros. Waukesha Motor Westinghouse Air Brake Westinghoume Electric Western Union Tel. Co. West Va. Pulp & Paper Winn-Dixie Stores Woolworth (K. W.) Zenith Radio

79

14015

30

330

-UP).

London Buyers

•

Become

Selective

SPORTATION

Cheaper Jet Travel

And The Changes

In Civil Aviation

I'

one had been asked, only 30 years ago, to fore- cast the changes which civil aviation would work in the field of international relations, one might have hazarded a number of guesses which have proved substantially correct, says Smallprice, Managing Director of Boac, Short and medium haul aircraft, other organisations

cities hundreds their common plying between

Basil

must pool knowledge and 10 ensure that the of International

of miles apart, have very largely goodwil replaced ground transport in formalities many parts of the world; regular travel are as few and as stmplo

gir services as possible. inter-continental

"These and many other con- face the airlines of

are an everyday reakty; mail, in the earriage of which speed is siderations paramount, is carried by air as the Commonwealth as we begin a matter of course. In all those to feel the full implications of things, the foresight of those the revolution which the jet ago who founded the aviation indus- is bringing

than however, no reason

try vindicated.

has

been

more

about. There is, -

why we feel should

at the alarmed problems ahead. it is, after all, only just 40 years since the the first aeroplane flew from London to Australia; and when we cons sider the enormous strides which civil aviation has made since the many problems then, and

Mr Smallpelce said: "What I do not think

could have ploneer boldest visunised two or three decades nge was the astonishing growth very long dis- of high speed,

London, Nov. 25. Stocks drifted into a mixed pattern today as interest sfackened and buyers belance commercial air services, which have been met and over- linking contlaents thousands of miles apart in a matter of hours, and carrying, moreover, tens and even hundreds of thousand of passengers a year, easily and regularly.

came more selective,

outnumbered Losses slightly

among industrials 4 gains

movements were small.

but

Steels

and balance blue chips lot

30 grount, but breweries provided

Monsanto Chemical

Montgomery Ward

001

$153

Mutorota tos.

1401

Algoma Steel Com

301

National Bicult Co...

113

National Cash Reg. "A

Allied Mills Inc.

375

National Dairy Prod.

481

All Cate

33

National Lead

109

moved lower on

Am. Brake Shoe

48

National Steel Corp.

14

109 m. 24.50.

Ameries Cable & Radio

New York Central

2714 most

od

the

500 - 24,70

Corp

10%

.. Bones

2010 23.70

22

23 20

American Cyanemad Co

06

$63

23.40

Amer. & Fork Power

203

1201

Wils

Au. Gas & Electric

13.40

Ain. Home Prod.

109

5

13.40

Am. Maci, & Fury.

39!?

American Metal

233

3000

30

American Smelting

4

| Oxford Paper Co.

Am. Sugar Ret,

27

300 30

American Tel & Tel

77

AL 30

Ansernda Copper

Until very recently, it taken for granted that money policy thould be wholly direct- Telephone

|ed to the internal economy.

Now Americans are becoming

ཏྠཾ

29.90

30

100

31 30

002020 590 + 24.70

Arneries. Th

Arineo Slesi

Arinour Azbestor Corp. Baldwin-Lima-Ham. Baltimore & Ohio Bank of Montreal Tank of Nova Scotia

Berth Life Savers

Beli Telephone

500 30

33 38

... 20.30 20.20

1000 38

200 20.20

100 m 2020

conscious that the US has a balance of payments, but the notion that that tiny tail should INDUSTRIALS be allowed to swing the whole STORES, ETC,

be probably stil

Darry dog would dismissed as grotesque.

In fact, both centrat and bankers in the commercial US have to defend themselves the internal Casy- einst money expansionista by point- ing out that in recent months the Federal Reserve has done

We, Huitong Steamships & Trading Co., Ltd., of Room 501, Takahing House, Hong- kong, hereby give notice that in consequence of the change of ownership of the vessel, we have applied to the Minis- ter of Transport and Civil Aviation under Section 47 of the Merchant Shipping Act, 1994, in respect of the steam ship "INCHISLAY" of HONG KONG REGISTRY Official

It happens to be true, and Number 169711 Gross tonnage should certainly be good enough 1940.63 tons Register tonnage for the Internal economy, 1132.84

tons, heretofore

|

nor

nothing to make credit tighter, and that neither money erudit is as Ught as has been adverused,

The question is whether it is good enough for the balance of owned by Williamson & Compayments and whether it is a pany. Limited of F. & Ogood enough influence on costs the dollar exchange Building, Hongkong for per to make

mission to change her name rate realistic.

For several months the

to "CEYLON" and to have Federal reservo

has kept tho her registered in the new banks on net borrowings of making Bame at the Port of HONG $500 million, without KONG us owned by Haitong money either tighter or easter Steamships & Trading Co., It..

Any objection to the pro-

posed change of name must

than that.

Banks Warned

It has wamed the banks not

be sent to the REGISTRAR to rely on continuous Borrow-

OF SHIPPING at HONGgs to supplement

KONG within SEVEN days resources

their own

It also appears to have gono from the appearance of this in for some selectively advertisement.

casing in local unemployment

Dated at HONG KONG the 24th day of November, 1959. HAITONG STEAMSHIPS & TRADING CO., LTD,

aru

verbal

Crimenta

Lane, Craw. 2400 COTTONS Treilly

B00

9

...

6.403

INVESTMENTS

Int. Allied 4625

480 2000 24.30 1.K. & F.E.

Invest.

12 12.70

Exchange Rates

Сотка

Norfolk & Western Ry.

North Amer. Aviation....

4614 Northwest Airlines (Com.)

Olin Mathieson

40% Oths Elevators

Owen-Illinois Ginta

Picule Gas & Elec.

Jan American Airways Paramount Pictures

44 Parke Davis Co.

Penny J. C. Co.

Pen. Sali Ca,

20

1016

Philip MorTİS

Pitney Bowes

Procter & Gamble Co

554 Publicker Industries

401

Pure O

Redio nazion

Raytheon

Republe Steck

alli

a number of good features.

Government bonds covered slightly from their earller dull- 771% ness while foreign bonds movel 00 irregularly. Dollar storks were 404%

21%

45

11012

פקד

mixed,

shares started out well Gold but lost their gains at the close. Coppers held selectively arm.

on good Oils were better cotzinga reports. Rubbars were quiet UPI.

TWO THINGS

come at every stage In the task of turning a lonely and hazard- ous enterprise into an every- day commercial undertaki..g, we should, I think, feel a sense of many

gratitude

pioneers,

foundations

to

those

who laid such fir

for our generation

10 build on.

"I believe we have every "Two thlags have made this renton to feel pride in what has possible: the superb teclinical been achieved and faith, in our caprelly of the modern airliner ability to match those achieve.

For and its abilly to fly at speeds ments in the years ahead. which a few years ago would us in Boac, there could be no have been considered quiloner aircraft than the Comet 4 in which to express that faith." umaltainable it is this specd which, in the lust analysis, has of the true made the advent international express air ser- vices a practical proposition. "No product of human gonuity can ever physically re-

the duce

enomo distar.co Giltedged Bonds

the continents which separate 3%, 1973/20 Bit Transport

the jet airliner of the world: £68-9/10 xd.

alone has the means to bring the end of the earth together The benefits in wurms of time.

of time which this shrinking can bring to millions of people throughout the world are calculable.

PB

Closing Pricos

Banks

11

Radio Corp. Pref.

Bendix Aviation Corp

5346

Hoyal Bank of Canada

Boeing Airplane Borden (The) Co. Burroughs Add Machine

Store, Rocbæk & Co.

342

8.8

Shri Co.

Safeway Storew

381

Consola 3% - @B116. Cone -£77-3/16 Conversion Loan

315

British Amer. Oll

Saat Kee. Paper

243)

£07-7/6.

Calif. Packing Corn Come. Bk. of Comm

Schenley Inc.

50%

Scott Paper

£65-13/10

Funding

Campbell Soup Ca

Sinclair Oil

40124

3 Loan

Funding Stock 3,

51

Canadian Pacific R

Smith, Kline & French

5:00 £74-13/10.

234

Socery Mobú Cl

2011

Funding

Lean

Case (1) Co.

201

Cat. Tractor

Solar Aircraft

30%

South Puerto Rico Buxar

Celanena Corp.

STA

Southern Co. (They

30%

C. L. Financial Corp.

5500

Southern Natural Gas

Chiave Manhat Bank

Southern Rollway (Com.

Chrysler Motors

1324

Standard Brands

355

this

Chest Pabody

Standard Oil of Caí.

Colgate-Panolive Co

Standard Oil of Jed,

40

15.00

45

Standard Ol of NF

40

4.

Savings, 1965/85-292-0/10. Savings J. 1990/70-84-7/16. Savings 3. 1PC5/75-£7024 Barclay's Dank "A" Lid ord-38s Chartered Bank- 23. Hongkong-£67.

1009

1950/60-

1999/2004-

1900/00--

Steel Co. of Canoeta

4012

Alone Webster

2.50

Biudebaker-Packans Corp.

2416

25.95

1.20

Crown Zellerbach Cuban Amer. Sugar

$4

Sunshine Mining

Swift & Co.

4136

July/Sept. Oct/Dec.

l the local Business was done monica)

market exchance morning at the following rates:--

S. dollars per $11 Sterling notes (per £11. Australian notes (per £1) Indonesian rupiah (ver 1001 Siam Urals cher 1007

Singapore (Straits)

Cukimbian Carbon (Xi 15.85 Consolidated Edison 12.49 | Consolidated Paper

Yesterday's Closing

Consumers Gas

דייך

COMMODITY PRICES

SUGAR

NEW YORK

Closing prices bil la cents per

arcas,

Where there

regional ib.: dimcultles it may advise the local bars to lend more freely, regarding such selective local advices as better than changing the rediscount rate for the whole Federal Reserve district

Contract No. 4 (world) Jan: 3.620: Mar: 3.20: May: 1.11 July: 3.10 Sept: 3.18: Del: 3.185; Jan: 326: Mar. 3215; Spot-(f.o.b. Cuba: 256: Total Sales: 6 contracte: Open interest: 8,384 contracts.

NOTICE OF CHANGE OF concerned.-China Mail Special. 5.14n: Sept: 8.76n: Spot-(c.12.

TELEPHONE NUMBERS

Please be advised that as from 1st DECEMBER 1959 our telephone numbers will be changed to

35821-0 (10 lines)

JOHN MANNERS & CO. LTD. Manners Engineering Ltd.

Manners Godowns Lid,

Manners Navigation Co. Ltd.

CHICAGO GRAIN MARKET

Closing prices pil in ceats per wheat No. 8. red bushel:

Contract No, 6 (domestic) Jan: 5.00: Mar, 1.50b; May: 5.05: N.Y. ex-duty): 5.05; Total Bates: 20 contracts: Open interest: 1,511 con- tracta

--UPI.

RUBBER

311-312 3014-37 General markets, c.lf. basis, ports: Dey.

3035-3024 Jan,

351-35 Estala crepe Thi Dec. 40%-ES

thick_Dec. 40% AMSTERDAM

Closing prices all in guilders per kilogram, c.l.f. Nov.

No. 1 rubber

No. 2 rubber

No. 3 rubber No. i crepe

Dec/Jan

Mixed Contruct

March/Apri

May/June July/Aug

3.541)

JBR

3.455 3.DVD

METALS

UPI.

COTTON

NEW YORK Closing prices all in cents per

16.:

Spot

300.

March

May

NEW YORK Closing prices, all in

per Jo.:

11.20 bid

11.30 bid 11.30 bid

Insurance Union Insurance Canton-5-3/16.

Aircraft and Molets

Corp. British

Motor 412d.

Ford Mator Co-100% Od. Rootes Lia "A"-10 d.

Ord-21s

-

in-

W. Germany Plans.. N-Powered Ship

Hamburg, Nov. 25. Germany

TEST

C

Wnounced plans today

to build its first nuclear- pawared merchant ship.

A 10,000-ton tanker, the Esso Bolivar, will be converted from conventional propulsion to serve as "nuclear test bed," the on-

"For these reasons, we are especially proud of the adventnouncement said.

The Society

of Nuclear En- of the Comet 4 jotliner on ser- viees worldwide, for we believe gineering. * private group West Germany's that no other aircraft so fully financed by expresses the revolution that the four coastal states, made the

to com- has brought jet age

announcement on the eve of a By

here of any three-day convention mercial transport.

experts designed standards an airliner which can nuclear ship link Europe with the Far East In

to study atomic propulsion.

The society announcement Standard Triumph Internationaler than a day is an outstanding

technical achievement. Its intro- said the tanker was scheduled

is believe, duction, we

to sall two or three years after vindication of the faith which financing of the conversion costs, 120,000,000 marks we have held in

Comet estimated throughout its career and of the 155,000,000) to 30,000,000 marks Pinchin Johnson Associates Ord-long years of exhaustive test- ($7,500,000) has been assured.

LAID UP

Breweries

-11 1.

Dirtdiers Co-Na, 80,

Aroclated Portland

Cement-713

45%.

|27% 30.

Building and Materials

Coal, Blee and Engineering Babcock & Wilcox 420 €550. Vickers Lid-200

Food and Tobacco

British American Tob. Co., Ltd- 841 34.

23.55

Bu

22.75 21.60

cents

11.40 traded

31.15-18 tradd

30.90 traded

100.50 bid

Jan. ......... unquoted

Lead Dev.

Jan.

Zine

Jun, Cupper Dec

Jack,

Tin

Det.

32.83 nom.

33.72

3330

32.79

32 80%

20.781

30,00b

NEW ORLEANS

31.14b

LONDON

Afternoon Session Closing prices, all in sterling per long ton,

Copper spot 3-month

42.05b_43,44,

Closing prices all, in cents per Lead and hall Hoy. 41.75-80 traded

lb.: 39.02-10 traded 38.000

ԿՈՐ

Spot

Doc. lign

200 nm. 1000

NEW YORK

Manners Insurance Ltd.

Low

Close

Manners Trading Ltd.

Mer.

H. Skolt & Co. Ltd

May

July

U. Spalinger & Co. Ltd.

Bept.

and Associated Companiya.

Cara No. 2, yellow

IDDYS 1D 20334-36 20011

18591-35

Rex rubber futures closing prices, pil in cents por lb.:

Chat,

Mtor,

Nov.

Зал Merch

Spot

May

July

St.15b

Dec.

Hoot Dec.

$13 nom

11014-%

Bepl

30.50b

March

Nov.

May

SINGAPORE

Julv

NOTICE TO CONSIGNEES

Mar

May

1E-117

Closing

prices all in Struts

Oco

July

Ber.

Bepl

116%

ports:

Ryo

No. 1 Nov.

Deo. Mar.

No. 1 Dec.

No, a NEW

No. 3 No.

7873-75 101%

No. 4 Nov,

Blanket grepe

art

"ANTENOR” Damaged cargo ex this younai will

Bet 50% surveyed by Drowne at Holt'a Whart from 20 ATT on November 47 and 20, 1800 and consigueme and requested to have their representatives present during the streng,

BUTTERFIELD & SWEE,

Appetita Hong Kong November 28, 1000,

Mar.

*{ "Dig

Boybeans, No. 2, yellow

New York flour

Bost

Jan. Mar. May Barley

Boot

20 .mack

33.14b

30.759

30.90b

Imperial Tobacco

Co., Lad-63x

Miscellantous

Boardman Marden Ltd-4Y.

British Oxygen Ltd. Ord-4 34. Canadian Pacino Bly--44534, Dunlop Tuber có bối cản

Hongkong & China G—138, Imperial Chemical-158. Lyuna Cola Gd. Unilever Lid-190m.

Paper

Nowater Paner Corp Ord-m

Radio and Electrical Associated Electrical-dom. Electrical & Musical 88 75d English Electric Co-43s Dd. General Electric-438.

Shipping

Indo-China Steam Nay. Co. def ard-321. Bl

PLO Steam Navigation der ord-

a. 3.

Atores

Great Uplveragi Blotos "A"--"7# Cd

Marks & Spencer Lid--778 3. Woolworth P. W1k Co-86 36. Taxtiles Cont J&P Lids 4150. Courtaulds L40—88# 7120.

Mies Anglo-American Corp of Africa

South

Galdhelds of South Afrios-

9 0.

Coa. Zinc Corp. Dros 3d. Le Bears def808 1d.

Fres State Development &

ment & Hid

Henghong The 101d. Petaling Tin—7 70.

the

ing development and training which lie behind its introduc tion into regular service.

POSSIBILITIES

The Exo Bolivar, a ship built in 1937, currently is laid up in Hamburg harbour.

Unlike the US. Savannah and the Soviet ice-breaker Lenin, "With the Jets flying tens of

qubyed with high pressure thousands of miles every dewater reactors, the Esso Boliver we may perhaps look at some will use an organie chemical

vices-and

at

of high-

of Eome

the

nt the possibilities

substance to serve as moderator speed, intercontinental air ser and cooling liquidi, officials salth This type of reactor was be- problems.

Hleved more advanced becauso.

Wad "We must, I think, recognise relatively small pressure that the next major development necessary to operate the reactor, must lie in the field of air fares.officiels indicated

reactor

Of this, I would say only that However, officials said the despite the dimculties which Esso Bolivar's nuclear have become apparent recently would also, operate uneconomic- in the task of recasting the struc-ally by conventional standards.

International air fares, LÚPI

ture of

Boac reaffirms its bellet that the cost of air travel can and must

be reduced if we are to take ad- PAA Jets For

vintage of the enormous work capacity of the modern jetilner

and make air travel available Sydney

to many millions of people who cannot afford the present level of fares.

of

Run

San Francisco, Nov. 25.

WE

TX7EEKLY jot service from The Creat expansion

San Francisco to Aus- popular air travel in Australla,tralia will be maugurated on America and other parts of the

Invest-world is some indication of the December 15 by Pan Ameri- size of the market which long-con World Airways, local distance air. travel, too, must sales manager Axel Mikkel- reach if civil aviation is to fubli

Hand-in Conk Ind--31x kk-

Buyers Sellers

234)

Job

717 TIAI

Zinc 2nd half Nov.

Teb.

-UPI.

19% Fid.

eato 0 Td.

FOREIGN EXCHANGE

cents per ib. f.o.b. Mulayan

Dea 18035-125

BÀO Phuio

Unquoted (Closing prices all in cruzeiro per klin).

Average price in U.. at-14 | designated spot markets: 31.64.

Total sales: 121,204 bales.

LIVERPOOL

Closing prices all in penco pergand offeial

3114–1274

22-3-1541

10- 21 ----

DU-100 110-113 19731-13034

Boat rubber unbeled

No, I pala crepe

LONDON Closing prices all in perco per .:

281%203%

118-128 non-

10.10

No. 1:Tile #pos

Dec.

Botileiveni house term:

Jan./March

3100-00

1b

Apertonii' Contrűek

DeL/HOY.

NEW YORK Closing rates: Canada

104-10/10

+

od-day'

Austenția

2007

2.5000 unett

Now: Zaobinā

Bogin Atrics

Valon Corp 7 Itd.

Went

Driefontein Goldmining

Wert Band Cona 21a be.

the promise of the jet age.

Another prabicin which is

sen announced today.

Pan American sald Boeing in-

very much in our minds is that textil Clipper would fly via Honolulu and, Fiji, Fight of reducing the time which the time will be about 10 hours, a British Borneo Petroleum Syndi-long-distance air passenger must reduction of more than 40 per

Beth Petrolecm Co., Ltd-1

compared with pistón-

at present spend of the ground. cent Constant Increases in fying. speed. lose much of their point I powered planes Hey Dutch Petroleum 14.10/10. the passenger is condemned to

Burnab 90,

Shell

Agreed Merchant

Rates

Canadian Dollars, Maximum, Solling 10 9/10 Minimum Buy

·ing, X3 15/16 T/T; 1635% 0/3. "'":

Fights will leave San Fran-

long hours on the ground, both claco Tuesday night and arrivo at his destination and at call in Sydney Thursday morning. Return Bighis Aythey me. ing places on his route.

From the technical stands will leave Bydney Thursday poiest, this riding emagine that afternoon and arrive here the face and complex modern tie- ; semé đáy.

There will be no Ingresso - Ip Tinere new hinded on the ground

sald. Both en het safici effetently as possible, fares, Mikkelsen From the administrative angle, da luxe and tourist sorelow will airlines, government and mangį be offered oài áll mäkti➡UPI.