1960-01-06 — Page 2

THE CHINA MAIL, WEDNESDAY, JANUARY 6, 1960.

BRITAIN IS PROSPERING

London

appears

Nation's economy must be kept

HONGKONG

unsettled from inflation

London, Jan. 5.

Some of the shine came off*

London Stock Markels to-

day.

By AN ECONOMIC CORRESPONDENT · .

London, Jan. 5.

STOCK EXCHANGE

Our Own Conexpand int

Ensincs done at the Hongkong

on rearon for generally un- In 1960 Britain is likely to discover that change this morning

nethical conditions

was

the

se tenent of bargains struck dering the fact trading period,

to handle prosperity is as hard adversity. Even harder perhaps.

But there was also the boy The year just post was опе

of rising interent nutek In

the

United States. Settlement of the U.S. tel strike slutros

U.S.

GS mounted.

to approximately: the morning's 'transactiona:

$1,908,000. Nogn quotations and

ex

Arre

MANKS

Dank

Buyers Kellers

1205

Axles

37 3200 21200

0314 0424 3010

100 94

+

SHIPPING Wheelock

5.20

4.18

af hilarating recovery. And everyone

and is who

interested INSURANCE. can read. knows that Britain at the moment Lombard is booming..

fonts of new inflationary trends and a further owned revision, of the Federal reverve rate.

News

in rise Try Bit rates to a new

gloom. Eich added to the

between booni But the ne 10 vulnerable Indus 11 lain,

showed and inflation is a theradlike as developmen murareas loss. But they were border between leve and hate, the send Merther at the close, supported moment's unwainess, a single

step could by lower false by buyers nurseted

eztnomy toppla into trouble prices. American favourites had

It is along this razor edge ne hare talls.

of the nation's that guardiang

tread in coming conomy musi

14

Fash Government

were also di presed

Sta

bonds

shate

month After gold

were quiet and Arm bi cop- per were slinded,

unter

Cils opened depressi American chees but closed rightly above the lowest levels,

-AP

་

I would be too much to hope that they should have

a un venitul passage.

Precautions

Sometime sooner or later in

Rubber

market review

New York, Jan, 5.

1960 the Chanceller of the Ex-Rex rubber futures today

:

chequer Closing prices

Tiltedged Bonda

British Transport

Re-P/1.

Cool 21-£40

Cool 5-272

CRYPTION

ZUL-WIG.

Fonding

CHA

3. DI/O-~

Lan 3126.

Loin

Lo have

nction.

A

Such precautionary retion will in its way demand would the as much routage me sweeping and obvious re- pendies for adversity. For to be The Chancellor truly effective

action before will have to take sympters at approaching tisable far covitus to the great mass of people. and no one is les popular th the who sim- jers pay moed walesid kat

Funding Stock 3. 1990/2004 -- £71.

Funding Loan 42, 199/- £93

Maynige 3G/70-682

Savings 2

Sving4 37, 1003 76-

לות!!

K. Wharf .. Dock

600 6.5 2000 0,10 2000 1.10 3000 6.10 1000 0.10

750

270 3.05

200 140

100

1000

All round rises

seen in New York market

New York, Jan. 5.

Optimism for the economy spilled over into the

stock market today.

Pushing blue chip Industrials (Colombian Corben Co.

to a now record high, triing was moderately netive. Nearly all other sections joined in the rise which saw milk at their Seal Jevol in many months,

The market received a shot in the arm from Commerco Scere- tazy, Frederick H. Mueller, who said the steel woge settlement got the economy to a winning start in what should be the most prosperous year in our history.

The Industrial average jumpot well ahead of the previous peak sel in the last session of 1950.

Westinghouse spurrod by

Colicated Edison Commercial Credi! Consolidated Paver Constimers Gar Continental Oll of Del Como Imperial Mill, Cuban Amer. Bugar Diamond Card

tilers-Seagrama Dominion Stores Douglas Aircraft Dow Chemical Dupont

de Nemours

Easter Ale Line Eastman Kodak

El Pano Natural Gas Family Finance Corp. Fires, Caty Bank

Tyro de Rubber First

and Molar General Dynamics Georgia Partne

ORTATION

Dispute over use of new air navigation system

Washington, Jan. 5.

HE Government announced today that Britain's THE

Decca air navigation equipment had been found to have only "limited value" in recent flight tests here.

The Federal Aviation Agency, which ande the evaluation, de- 119% olared that the

291

DOCKS, ETC.

147 150 57' 1816

2005816

90%

200

M

500

400 50

Previdoul

17. 17.00

500 7 17.20

48

17.30

up

General Electric

的

17.70

300

17.60

more than three, and Chrysler, General Electric and Du Pont

General Foods..

General Motors

Gem Tyre & Rubber

Taikoo

Getty Oli

191

*Dock

401 40.73

100 a 41

Goodrich (D, F.) Co

DEA

100 40.73

475%%

LAND, ETC, H.K.

Grustman Aircraft

Hotel 33.75 341 1000 41 34

500 +1 34

Hammond Organ

SAM

1000 34

tram Walker....

200 6 40 25

Homestake Mining Co.

200 40

Husman afrig

200 (40

Idaho Power

400 40

Anaconda,

Imperia O...

Humphreys Realty

21.10

Swift and Unica

1.50 1.524

500G or 1.95

1000 1.05

Inland Steel Co. Interchemical Corp... int) Business Machines Int'l

Nickel

(

43

$94

5000 153 10000 o 1325

all up more than two,

Other gains

Other blue chip grins were 10gistered by Arnoriran Tote-

hone,

Motors, GeTal

Eastran Kodak, Carbide, all

around a point.

300002325 helped 20600 of 1.50

4000 4.30 200 $14.50 0.00 2000 4 6,00

1000 6 0.80 1000 or 4.90 3000 4.90

[the 24t 1300 301

200+

Morth Co., Hepp and Royal Dutch were active, with Martin 25,000-share by two blocks at the opening. The air- craft company was off all day.

Today's volume was 3,710,000 shares.

Of a total 1,252 Isarcs traded, 004 were higher and 300 lower. American Exchange volume was 1,070,000 shares.

Bonds volume amounted $7,040,000.

Closing prices

Goodyear Tyre

Guit ou

Internatio

anal Paper

& Tel Johne-Marville Co, Kaiser Industries Kennrrot Copper emberly Clark

Liggett & Myers Tab. Lu. Lily Tulp

Lockheed Aircraft

Loews Incorp, KEN Lone Star Cement Co. Lowenstein & Sons.

closed 105 to 165 points K. Lond. 10.73 4052 higher with sales of 154 contracts. Strength reflected the higher London-Slugapore markets, plus the Irength egetacular stock market, and a persistent dealer demand in the shipment Bullish Sentiment was market. heightened by settlement of the steel strike, which is effected to speed up ear production, and the absence of father word abrat Russian Heathcoat potable sales out of a Mr Fu. Junately Amary has already shown that stockpile.

In the shipment markel, No. 1 good physician's he possente -

At reported done minister sheels were dermination

39 cené a pound and three medicine when he and not the

amber at 39 and 394 cents a patient belleves it to be acces- Lav. Nor is he the o an in low poʊnt,

In- priest considerations to figure his economic judgement,

Bank Lund-creath.

Berplay's Bank

Chartered Bank-62. d Rungkung-£55.

4-13/11

Insurance

insurance

Canton

Aircraft And Motors Brit Motor Corn. Ord-23 04. De Havilland Alteraft-18 3d. Ford Motor Co-111 Hawker Siddeiry Group Ord-30s "Montre Lid "A"-12% 30. Standard Triumph International--

3d

# 1014.

Breweries

10d

Distiler Co-ACTING

ilding

Associated fertland

Cement-75;

Pmchte Johnson Associates Ord- 30 710.

Coal, Steel and Engineering Babcock & Wilcox Ltd 451 15d. United Sri-65 0.

Vickers Ltd

R

1:

First signs

Where will he be watching for the first signs that the economy is about to overboit?

Food and Tobacco Trity American Tub. Co.. as that Th

Inperial

kl.

Tuhatto Co. 118-738 Mincemeats

Bearurnar Marden 14-44 104.

Oxygen Lid Ord-034.

Canadian selfie_ly3484.

Dunion Itubber C-27

How China Cas-13. Hispersal Chemical-29s 10d. LABUS & CO-Bis 3d. Unilever Ltd-140 G,

PADEY

Bowaler Paper Comp One-The Gat Radio Rod Eiretriil

Associated Electrical-Gis. Electrical & Musless 4d. glish Flectric Co-2 d. General D.,

eטור

The danger is kely to ap- pear at two points. In domeile price stability and in the coun- try's balance of payments.

The informed view here the forner is

strain the show to [ kety

Indeed the Chancellor is Rrst. jalready trying to take preven- ve measures on this front by to CUL Jurging manufacturers

their prices.

Birt the move have. Some would have to be considerably to make a widespread more

10 price contribution

major

turers first

slabilty.

As I see more manufacturers would the the plunge If unions agreed to limit wage demands. turn might be Steam Nuv. Co. def.ions in their Indo-Ching

do so if manufuc- ord-32x 41d.

P&O Sterin Nuvigation def nrd prepared to

thowed their good --531 d

Atorts Great Universal Stores "A"-faith by slashing prices. Neither however seems willing to make And something 1the first move. Co-is 3d. like a genius would be needed to

effect a working compromise. Coats J&P Ltd--3 34 Courtaulds Ltd-430 d.

Miner

Corp of South Cone Geldtelds of South Africa -50%

OTU--778. Cons. Zine

3d

Marks & Stim

Woodworth

American

Lid-74

Hongkong 1d.

Petaling Tin-7s Gd.

Southern Kinta Cons Lid-35s, Union Corp-84% 2010.

West Dilefontein Goldmining- 2135 d.

011

The problem

Chancellor's

Locally, current month No. 1 Rss was quoted 434 cents, Tina).

KUNDER Amate

Thr

4.50 4.305

0.65

A. Jawah

Sunnals UTILITIES

4.65

J 3.75

*1 ren

344 385

In London, the rubber market C. Ught. was firm with spot quoted t 34 pence.

In Amsterdam, the rubber market was firm today-UPI.

Sharp drop in Malaya's trade with China

Kuala Lumpur, Jan, S. Malaya's trade with China de- clined kravily during the first 10 months of 1959. according to oMetal figures released here today.

Electric

Electric New MICRO E Telephone.

20 40 20 100 20.57

Allied Mula Inc.

150 or 70.80 2000 41 20.40

20.53

Am. Home Prod, Am. Mach, & Pay

American Metal

Am. Netural Cas

Litton Ind.

11 National Cash Reg. "A"

Desca este Controllable pitch

"did nct meet requirements either for a primary instrument flight rules navigation For

for an air mvigation steering

device."

The question of whether to adopt the Docca ylem or the

United States-backed earsed a Dract myster Night

propeller built

THE biggest controllable

Pitch propeller to

bo vorbullt in the UK, was shown bilter

to pressmen recently at the the International Civil London plant of the Stone Aviation Organisation meeting Marine Engineering Co. Ltd.

In Montrol ahmad a year 1929.

Montical

A majority of the 37 nations represiated at the

to decided Conference

adopt

It has a 16 ft diameter, is four-bladed and weighs op- It will proximately 38 tons.

Var-Dinet although Britain be fitted in a 460-ft cargo

100% claimed that it was Interior 12 the Decen system,

走吧

The Federal Aviation Agency

33

4R7

16 said that intensive

的

99curried out for

tests were

vessel of 16,900 tons dis- plucement now building on

Britain's north-east coast at

eight months the yard of Smith's Dock Co,

Last year after Aerican pilots Ltd. were given "a thorough course

377%

31

301%

58

that

346

The vessel is an reder by the of indeclination to ensure tani-

with lipritation

the Deca Bolton Steam Shipping Com- will be and pany, London, Mark X*

"Ersults of the tows vinifted powered by tree piston gas ur-

the giving

versel the cockpit instrumenta- |bines Ven of the Deesa Mark X doc.service speed of 13 knots.

blade not fut the requitoneal of propeller-cach

1

The

weight

an aircraft steering device since, 282 cwis.-will abenb 4,000 Lo other factors, shaft horse power at 110 r.p.m. by addition pilots were unable to maintain CONTROLLED

173%

MG constant heading of the air- 6615 craft without the aid of Instru- ment!” the announcement said, alsa wale to WLER WEE change to new course with

acral

The pitch-changing is een- trolled hydraulically by a piston inside the propeller hub which is mechanically linked to the blades.

This confines to the

bese mechanism, all the loads

to

McDorraou. Ray

155031.91

McDonnell Aircraft Mebl Tron Corp.

Star Ferry. Yaumati

140

Kinnesota Minitie

132

131

100 131

JED = 123.

Son Development Munanio Chemtent Co.

600 or 133

Montgomery Ward

M

30

131

Alden Inc. Acy

$ 40%

Metornis The.

...

30.20 20.30

500

20.30

000

Algoma Steel Corp.

40

National Bucult Co.

20.45

Allied Chemicala

1000 w 20.3)

2311

National lead

1000 20.25 8:30 20Ť

Allis Chalmers

301

National Steel Corp.

Am. Brake Shoe

60

New York Central

100

314

American Auline

Nomanda Mines Ltd.

4722

An. Cable & Radio Corp.

Norfolk 4 Western Ry.

10531

American Cyanamid Co.

6T1 Narth Amer. Aviation ...

400 or 20 to

Am. Gue & Electric

Northwest Airlines

(Corn.)

30%%%

cut referring to other instruments."

17512

Ou Elevators ...............

sexd

Owerrois Glas

104)

Oxford Paper Co.

5344

751 25

10%

Pacific Gas & Elec.

American melting

53%

Pan American Airways

2341

33

Am. Sugar Rel.

Paramoura Pletin

45%

American Tel & Tel

819

Penny J. C. Co.

1200

1000 33

Amerkan Tub.

107

Philip Morris

Pitney Bowes

J

Ansenda Copper

มน

Procter & Gamble Co.

1033

Pittsburgh Plate Gla

79%5

INDUSTRIALS Cement 39 75 4

10

50047

435

Radio Corpon

Radio Corp.

STD

71

Raytheon

STORES, ETC,

Dajo

Deech Lle Savers

3531

Republic Steel

6:30 22:40 300>

| Bell Telephone

43

Royal Bank of Canada

-

Beneficial Finance

BA

Scam, Roebuck & Co.

Bendix Aviation Corp.

7372

Shell Oil Co.

22

Benguet Cant,!

12

Saleway Biores

Kwon S.}.

495 - 22.00

201159

Bethlehem Sterl

Bel

Saint Reg. Paper

Schenley Inc.

Boeing Airplane

Scott Paper

Borden (The) Co.

COTTONS Texille

Burroughs Add Machine

343%

Sinclair Oil

...

9.5

579 0.03 2001 fr $7 3000 11 9,53 200 / 0.85 6951

British Columbla Else.

Smith, Kine

French

181

Calit. Packing Corp

Socony Mobil Oil

Cana. Bk. of Comm. Сале. Всеет

Solar Airerall .....

3枚

South Puerto Rico Sugar

193

Campbell Soup Co. Canadian Paciß R.

Southern Co. (The)

39

Southern Natural Gas.

27

Cat, Tractor

Southem Raliway (Com. Standard Brands

53%

407

44

0015

Aircraft Cor.

the United SECONDARY poration of

1

States.

223.

It was learned today that the

Watson....

Imports for the period de- ! elined by M$28,000,000 while ans. Cras 27.36 21.70 exports, mainly rubber, fell by M$48,000,000.

From January to November, 1950, China bought 39.000 tons of rubber from Malaya, while in the same period of 1958 she bought 04,000 tons.

com-

The figures showed, however, that Russin had bought more

Lons, rubber 182,000 problempared with 80,000 tons the pre- The

is to have ready for vious year.-Reuter. therefore Immediate use when necessary some measure which would be disinflationary without bring unduly repressive.

British Borneo Petroleum Syndistictively cate-685 1150.

British

cor.

Peiroleurs Co., Ltd- Burmah-54 33 cor.

Transport & Trading-1010 Sheli

Dd ear.leuter.

NOTICE.

since that

The measure wi alu have to be applied be one which can

there is no oction which guarantee might be salutary in one part of the country might not be crip- pling in another.

One suggestion currently being touted from influential quarters is that the answer can be found

in selective tariff reductions; that

Is countering inflationary ten-

TO U.S. CITIZENS dencies in industries most likely

be

to be affected, by stepping up competition from outside

On an economiste jotting pad

Most U.S. Citizens will this ecurse

to

接 Albe required

U.S. Federal Income Tax

has much to com-

Yesterday's Closing

חיר

Nanying 15.10 15.33 C) er 15.14

200 15,14 4253 15.10

..

MISCELLANEOUS Vibro..... 15

INVESTMENTS

0.43

500 (80

6.40

Ini..

Allied

Artour ......... Asterion Corp. Aline Cona, Mining Baldwin-Laina-Hami. Baltimore & Ohio Bank of Montreal Bank of Nova Beotla

Case (1. 1.) Cu.

Celenete Corp.

CLT. Financial Corp.

Chase Manhat, Bank Chrysler Motors Cuti Peabody

COMMODITY PRICES

SUGAR

NEW YORK

Closing prices all in cents per

mend it. It permits both selec- fib.: tivity and degree of application by choosing tarift to be reduced the censual end de camining by which it is reduced.

A monster

Return for the year 1959. U.S. citizens residing in

In prove however it could Hong Kong, wishing to fle their Federal Income Tax develop into something of

Frankenstein's monster Returns for the year 1959 would happen when

that informed

of

What

circuci

Contract No. 4 (world)

Jan: 304-05 March: 3.06-09: May: 3.12: July: 3.18; Sept: 3.18: Oct: 320 3: 3.22: Mar: 325: Spot- (tu.b. Cuba): 3.04.

Total Sales; 259 contracte. Open Interes: 0.902 contracta. Contrast No. 6 (domestic) Jan: 5.49; March: 553; May: 6.081 NY. ex-duty); 5.45, July: 5.08: Bept: 5.13; Spot-(C...

:

American Contract

22.70:

Oct/Nov: 2230;

March/April:

$2,80

27.70.-

Mixed Contract

MATTI/ADE: 23.25:

July/AUR:

De Fan

May/June: 23.30: July/Aug: 23; Om Nov: 22.10; DeeJen: 13.05-UPI.

RUBBER

NEW YORK

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

Jan: 43.50; March: 4000: May: contract.-20.30: July: 38,68; Bept: 3845; Nov:

57.80 Jan: 37:30.

Total Bales: 127 contructs, Open interest: 1.420

etances (and they could arise) UPI. A called for the re-introduction of are

of protec the Internal greater degree officer

tionism? The producing coun- be tries affected could hardly be Revenue Service will visiting Hong Kong from expected to be overjoyed about

It, January 11 to 15, 1960,

in order to give advice

And what of the effect of such tarift-towering on trade unione

at a time when it is vital to win and reinin their confidence?

and assistance with any Calculated Introduction of lb.:

drive them back to an attitude

COTTON

NEW YORK

Closing prices all in centa per

Spot: 10 noms March 2 problems arising when fill-foreign competition might well May: 33.26: July: 32.8; Get: 31.08:

Dee: 2009: Mar: 3138: May: 31.03. ing in forms, Interested or suspicious defensivencas.

NEW ORLEANS And For all the vigour

Closing prices all in cenda per persons should call the

authority with which this course ib.:

urged I can hardly Spot: $1.18: March: 31.99; May! American Consulate General is being

will Telephone No. 85071, Exi, bellove that Mr Heathcost Amory 10 July: 28 Oct; 21.10, Dec:

Thin particular 31.03: Mar. 31. keys 31.63. chooso

LIVERPOOL ·· balancing pole for his tight-rope

Closing prices all in 220, for an appointment.

mét in 100.

-London kaprese Berojen), por .::

LONDON

Closing prices all in pence per

Ib.:

No. 1 Rispol 1.

345-34%

Bethlement home terms:

Feb.

Jan/March

3314-239%

Apri/June

322212

July/sept.

31-312

Oft/Dec

kzatarai markets, ois. bagia, porta:

Estate ceapa, 1hun Jan.

}

thick. Feb... AMSTERDAM

Closing prices all in gulidera

per loam, c.lf. Jen:

No. 1 rubber

No. 1 nutter “No. 3 rubber"

pencer

| No. 1 ereple

METALS

NEW YORK

Publieker Industries

104% Pure Ou

28 Btandard out of Cai. Standar 1 Oli of Ind.

70%

Closing prices, all in cents per

1b.:

Lead

Mar.

Jasi.

Mar.

Copper Jan

μπατ

LONDON

11,10

11-34

12.00

22.04

Closing prices, all in sterling

Standard Of OF NJ Steel Co. of Canada Sterling Drug Co.

Stokely Van Camp.

Stone & Webster

Bunshine Minirar

Studebaker-Packard Corp.

Swift & Co.

Texas Co.

Textron Ing

Thiokal Chem. Tide Water Ol

Time Inc.

Traders Finance

Tri-Cont. Warrants

9th Century Fox Ftim

Carbide

Unkn Oil of Cal.

Union Pacific Radway Unified Aircraft

waited Fruits

United Oss Corp.

U.S. Full "B"

11.5. Сураши

US. Line Co.

U.S. Rubber

US. Smelung

'S. Stee)

US sted 7 P.C. F.F." Water Bros. .......... WAUKOR Motors Westinghouse Air Brake Westinghouse Electric Western & Paper

Tel Co

Win-Dikia

lores Woolwerth (K. WJ

31.80

Zenith Radio

per long ton.

Tin spot

Buyers Sellers

720

703

3-month

7651

786

Copper spot

234

3-month Lead 1 hd Jan,

Apr.

24

7534

74134

Zinc lat hail Jan. Apr.

the

50-

The agency cald pilots fouted required to change the pitch of that on 22 per cent of the routes the blades. Movement of the flown "the manipulation of the piston is controlled by a

hub in Decca Mark X controls was regulating valve laively cumbersome,

eervomotor actuated by a tube the fellow tailshaft. On 1 per cent of the test through 62 routes, the equipment d'd no! This tube also feeds the oil to Provide the necczary Informa- the regulating valve and oil dis- tion to up the system con-placed during pitch changing is tinuously as a primary add returned between the tube and Reuter.

the bore of the tailshaft.

Inside the ship, an oll dis- tributing box is mounted on the the shaft incorporating mechanism for controlling the movement of the tube. This box also acts as a means of feeding pressure oll into and return oil cut of the shaft to the supply | tank, Movement of the tube is

AUXIL

24%

India may build airliners

New Delhi, Jon. 5.

The Government is expect-controlled by a Servo operated

weeks

mechanism actuating a ed

to reach a decisionFork

sliding collar on the shaft, keyed within three

on to the end of the control tube whether to build under through a slot in the shaft. The licence here a transportservometer can be controlled re-

Imol.ly can the big plane designed by the

{ the engine rcom. Lockhood

or in

A secondary means of centro!

government is leaning toward of the propeller is atted on the oil distributing box lazat in the

decision to go ahead with a new 42-passenger twin turboprop.

case of any failure in the remote

The plate would primarily be control system.

electric pumps

Pressure oil to

24% Intended to replace American power the system is supplied by

made DC which are the 37 mainstay of

2

passenger alline,

300

40

taking their India's domestic supply from a tank tied near the distribution box to which the oil is returned after being The decision would Involve

exhausted from the shaft. The 23 about pending

million whole system

is kept slightly rupees for a government-owned over the extemal hydrostatic 327 and operated aircraft plant.

pressure by a header tank, so Lockheed would co-operate, in that if any small leakage occurs, 95 establishing the plant which it is of oll out of the system and 2314 would take three or four years not the sea water into it. Safely

to get into full production,

1021

45

springs are fitted in the hub to

The plane would be powered, bring the blades to "full ahead” by Rolls Royce Dart 7 turboprop | should any fallure of the 401

India engines.

signed

an operating mechanism occur.

in 22% agreement on December 30 1121 Londo

produce engines under Dccace--AP.

4233

11114xd

to

KLM seeking

Agreed merchant landing rights

rates

Canadian Dollars, Maximum

20% pelling 18-19/32, Minimum buy-

ing 10-27/32 T/T;

UPI.

FOREIGN EXCHANGE

NEW YORK Closing rates: - Canadia England omskak

"

30-day

Australia buyers New Zeland buyern

130 burens

Bouth Afrion

Belgian-

1.75 bugwen | Bwizerland

1.04 11/14

38010

39010

2:1400

DBOOTS

O/D

16-29/32

Swiss Francs, Maximum self- ing 75-1/16,

Belgian Francs, Maximum nelling 068.

Washington, Jan. 5. AN eight-member Dutch

NOTE: The propeller Is of the.KaMoWn design built in the

licence U.K. under

from Aktiebolaget Karlstada Mekaniska Werkstad. Sweden. It is the biggest in the terms of jsze, not in power transmission.

Airlines bid delagotion headed by for FE route

Mr Eildert G. Stigkel, under secretary of transport, arriv

ed in Washington on Tuesday

to begin negotiations with

W. German Deutschemarks, State Department exports on

Maximum selling 723%.

Exchange rates

landing rights for the Royal

Washington, Jan. 5. TORTHWEST Airlines on

N

Monday renewed its

Dutch Airline on the U.S. ping to the Civil Aeronautics Wast Court.

Board for authority to fly The talks on an amendayout from California to the For Burr was due in the loent of the 1957 Air Transport Agree-› East via Hawali. ubarlichał – machaloge

7.

morning at the following rates:ment, requested by the Nether-

5. Jane, will start January! 135% dollars (per $1) Styling nodes (per 24).

Autralian naten (per #1)

Indonesian expiah (per 100)

11c (per 100) Ainmspore (Straštas

The airline is one of 11 seek- 1844 State Department officials said ing a new or unterged share of

thee 1255 they expect

conference, this multi-endition dollar Pacific 2016 Will, last two weeks' or mor påsvenager and freight market.

UPI.