1960-04-19 — Page 2

THE CHINA MAIL.

TUESDAY, APRIL 19, 1960.

INDUSTRY IN SINGAPORE

Expansion programme

to

help economy

From GORDON HUNG

Singaporo in some respects is very much like Hongkong goographically and economically, but whereas Hongkong's position as a transhipment point for the hinterland-main- land China-is almost non-existent now, Singapore is still the major port for the Federation.

une.

With

the possiblities of a merger very remote white on

Government Alliance

in power in

to

Asian

dominate the economie

HONGKONG STOCK EXCHANGE

by

Qui Own Correspondent

Turnover on the Hongkong Stock Exchange his morning amounted tu -pproximately

Wall Street

rally bid lacks support

New York, Apr. 18.

$2,187,000. Noon quotations and Stocks moved irregularly in moderate trading

the morning's transactions:

Pharts Buyers Bellez Splen BANKS 15K Bank.. 1260 1270 20 42 1270

INSURANCES Union Lombard

SHIPPING Wheelock.. nocks, ETC. 3. Waar.. Dock

When Hongkong lost her value twelfth state of the Federation la all, out as an entrepot, her go-getting | had a rightwing government Southeast businessinen starter to Bulig for- teen elgeted here in the last cene.

not a leftwing Japan's tories until today her goods are actions and

bouyant economy, which has reached an all-time known throughout the world.

Singapore on the other hand

record, is straining for wider is not likely to lose her entre

Helds and the Japanese Govern- pot value for many years lo

ment is setting in a HK$2,700 come but hur prosperity dependi

million fund to assist Japanese Federation, the a lot on the expansion of world

PAP eveniment in Singapore, businessmen to catablish Indus- trade and the price of rubber

tries in Southeast Asian coun- the Federation, which has to and lin, which she exports from

as her tries cupecially Singapore. Singapore the Federation. Thus 12 the rely

Capital Investment oversean rather than mine, Singapore is left to the major port at present, to going

The exporis

of Provident

Taikoo Dark whims and fancy of intrena bend with her HK$54 milli

consumer goods will in future if it fluc- construction and expansion of tional trade, which

De Japau's major form of tuates up a good for Singapore the North Klang Sirails pro- the envisages

economie expansion In South- which if it but

down allje, gota

east Asia. development of Port Swetten- Singapore will suffer.

hum

the west on

Coast of the of Malaya

one Us

Dorts Being self-governing terri-Federation's major tory, the present ruling People's | 1904,

Economy

Action Party have taken it upon themselves to give Singapore

stendy economy that

Jess affected

fluences.

4

would be by outsido

is now the

IndustrialisaAON

keyword to Singapore's future.

Jer

Although she has a num- factories, the only type under the that could come heading of a big industry in packing τμα pineapple business. But because of the strong

competition

from Australia, South Africa, Hawaii and Taiwan, Singa

pineapples Dore's tin having a hard time keeping their own on the world mar- number of pine kek. A factories have already closed in Singapore.

The closing down of factories has added

ditional strin

arc

Gn

Oil refinery

ב10

today.

An early attempt at a rally Jucked full support and a Issuce felt back majority of from their highs, lower proud.

zomo

into

Blue

chip Industrials, cloc- toples, gloss issues,

motors

and a number of miscellaneous

Tho favoured

upside, slocka while rails, olts, metals, air-

some steels crafts and

03 #1 44%

200 Ụ DG

7.50 7.25

106 118

89 185

110

110

lower.

110

18.00 15.30

DIEM

32

2400

200 or 5! 400 w

Conlumera Gar

Confinental Coa

Continental Oil of Del Crane Cu

Crown Zel

Zellerbach

Delaware & Hudson Co,

Diamond Alkal

Diamond Gard

feit ten stre

Douglas Aircraft

Dow Chemic

D.pont de Nemours

Eastern Air me

Fastman Kodak,

усто

Family Finance Corp.

29

Firestone Tyre & Rubber First Nat. City Bank Ford Motor

bulla who

The mixed pattern of trading discouraged those

1.50 bad looked for the start of the

long awaited spring rolly now that the tax deadline is out of the way and the business pleture has cleared a bit.

STEELS UP

Steris

were

Georgia Pacific

General Dynamis

Garal octre

General Foods

General Motors

Gen. Tub. ULT

Gen. Ted & Exec.

42TM

ED

50%

Gen. Tyre & Hubber

6214

Getsy 011

Gildim Co.

74

+4%

Goodrich 1.7.) C. fractionailyGandreer Tyne

higher. Motors Bunned on con- Great Northern Railway

sales reports. Granman Afreraét thued good car

SPORTATION

Specialisation in cargo ships, its effect on trade

ALTHOUGH dry-cargo shipowners continue to

enjoy reasonably profitable trading conditions, they cannot yet be sure that the improvement in freight markets is of a lasting nature. Total world laid-up tonnage, at 5.6 million tons gross, is still considerable in volume, and the summer slack period lies ahead. But at least the depression is giving shipowners time to think and plan for the future, and the slump is providing poin,s for meditation.

Same 2,4 million tons TOSS DI vessels are Inid up dry-cargo throughout the world. But only about 105,000 tons of the world total represent ships built since

1045.

It seems certain that many of the old tramps lying idle will never trade again. They can no Jonker ocere

LAND, ETC

by

will

And she has already gút a firm foothold in Singapore, A Teakling

industrial Japanese

HK Hotel..

351%

3:0

cancer, į UK Land.. $1 T 200 Toyo Merka Kalsho, will build

1700

2415

321

4430 Utilities held steady.

... 1-725

1.75 6000 2000 2000 1.78

1.70

Polaroid again was spotlight, rising

Guli on the Heyden Newport Corp. in

Homesake Mining Co. around five. Ingersoll-Rand

40

unless freight

TA

Thigh and it .

RUDDEN

M

7.05 2300 fr 7.10

13436

6000 7.00 1000 7

0.03

Whether this port

Singapore's lake over ever

a HK$117 million oil refinery Lond

(RI) ... MRZL relation to the jointly with the Maruzen Oil Humphreys position in

tell, Company Federation in bard to

in Singa Really of Ovako Govern- the Singapore but

pore,

This refaery, which la ex- ment has already seen what happened to Hongkung when posted to an into operation by her entrepot trade collapsed Nevember next year, will have | Amalg

China 10 years

Aro after

Initial capacity

of 20,000 closed her back door.

barrels a day. Singapore's PAP Government is taking no chances and is now trying to woo Indonesia into using Singapore as her tren- shipment centre for her rubber and other produce,

תון

The Government has given the company ploncer Industry status similar to that open- ting in the Federation which

from tax for exempts t

years. Although there is a joi of

The refinery, which is to be liquid money around in Singa- tull next to the largest power will be pore, her businessmen are pri- station in Singapore, morily traders and not man able to supply this stallon with very favourable facturers. Another thing is that relat they are of the old-fashioned

price." these conservative Chinese school

It will provide jobs for about busluessenen, who unlike

the 200 to 300 people without count. od-

of

a

Int'l Harvester

International Piper

Reynolda

Int'l Tel. & Tel.

Johns Manville Co Kalsta Industrien

1000 7.03 1100 di 7

1000 9.10

Universal

Match, one of lastInland Steel Co.

week's favourites, jumped about Intervhemical Corp. Bendix advanced around International Nikel throe two in the aircrafts.

On the

downside,

Metais dropped around fivec, Fil- trom around two, and General Electric about unt.

Today's volume was 3,200,000 kahares.

Of a total 1,238 hures traded, 400 were higher and 515 lower.

Dow Jones closing

Kanna, C. Power & Light

Kimberly Clark

Lily Tulip

Lockdeed Aircraft

Loews Incorp

Trust

8.90

five

B.DO 1.03

Sungala

UTILITIES Trata ......

4.50

31 31

31.99

1.75

WOTL:

31.70

30 Industrials

31.75

220 Ratis

Star Ferry.

Yaumati

170

邀

35 Vilties

200 170

03 Stock

170

Light

qu Bonds

2200

300 22.10

500 2700

men

Elvetric

21.40 2700

500 en 233%

1000 2714

DS

601 27.40

Anolber Japanese

venture

Macao E Gas

12.10

add the Govern-progressive Shonghal busting those in the males and dis-

men of Hongkong, do not like tribution fields and local Baht to take chances.

will replace Japanese techni- clans and managerial saff they become qualified.

ment, which is trying to #lic serious unemployment problem in the island state.

Mr Lee Kuan Yew, the Prime

Baid

that Minister,

receriliy Singapore must Industrialice il

our

to

I wanted to survive "for there

is no way by which entrepot trade cun continue

full employment to our give rapidly growing population."

Saturation

He said that each year, 30,000 more people were eliber leaving setool or had reached the age when they looked for jobs. And now that white collur jobs have duration renched almost

there was nowhere for point. these people to go except into Industry

In Allaying the business- ME men's fears of the PAP.

Trade unions

in Singapore is the setting up of

devel HK90 million

mili,

STILE which rolling initially convert scrap from Singapore and wrecks In Indonesian waters into angles

22.70 2 500 72.80

200

Telephone

36, 30

And one of the biggest enig- mas in Singapore is the work- Pry. The trade unions In Singa- pore are very powerful and i is not to be forgotten that it was largely through their help that the PAI was put into power,

there is no At the moment

and bars. industrial strife In Singapure,

Later the plant will install but businessmen have been

electric furnaces for the pro- watching carefully how the

duction of steel plates and rods, INDUSTRIALS Government has been dealing This second phase will cost an with various workers' disputes additional HK$9 million. in the past months. In nearly

The tonfalive plan is for 60 all cases, it seems to them that

the capital to be per cent of the workers have come out on

subscribed locally. The Japa- op.

new would put up the other 45 Many

fear businessmen that the Government is 100 per cent.

This rolling mill will be one favourable to the and if they had to accede to of the prime consumers of steel be produced by the the majority of their workers lols to

HICS1,000

milion demanda. it

would be ambitious

as their producta

workers

profitable to operate factories iren and steel mill planned by

be the Government, would too high-priced to de com- petitive.

•

There are atlil many chbriere:9 who favour the handy 10,000 10

tramp, which 12,000-ion eminently

for some tredes, whereas the bigger ship

Is not.

suitable

of

Often drought restrictions and facilities give the imited port

But odvantage to the tramp, economically while there will always be a

certain

supply of kamp the first to

growth

In recent years, a very sub- stantial proportion of tramp ac- ivity has been on time charter to cargo liner companies, and many tramp owners have shown the belief in the continuance of . this practice by designing their new ships accordingly.

OF

ales are very need for a

ships. probable thaki} general-purpose

operators demand are when supply and again b balance, rates will be asknowledge" the contained within narrower limlis specialisation

four than those of three years ago.

This would preclude profitable pre-war, os swell operation by elas by many war-built, ships.

In any case, a high percentage of their former cargoes is now handled efficiently and economi- cally by the growing fleet of large, fast, specialised carriers. 84 THE KEY

Kannecom Copper

2374

70

Largest Myers Tou, Co

Utton Ind.

70

McDermott J. Ray

M

1015

averages

27

Lone Star Cement Co. Lowenstein de Sona.

8.30.77

143.55

89.72

207.04

83.04

145.27

Comm. future price index..

Closing Prices

Alden Inc. Acs,

1000 21 53

13.30 136 2300 (4 13.30

240 13.20 300 of 1330

750 13.20

14912.20

103 13.35

170 13.30

000 13.30 420 13.3) 200 600 35 600 or 30.25

Am. Home Prod

An. Mach. Be dry

American Meisi

Ampex

Anaconila Copper

Armeo Steel

Armour

Atlas Cong. Mining Baldwin-ma-Etorn, Bailimore & Olu Hanic of Montreal Beech Life Savers De Telephone Beneficial Finance

McDonnell Aircraft

Merck

Mesabi tron Corp Minnesota Mining

Mason Development

North Amer. Aviation Northwest Airlines

10511

Opinions expressed

recently

20 Bupport the view that these ships provide the key as to how best hoping can serve the changing conditions of world trade. There Ja little doubt that as now trad-

104

บ

Apart from tramp OWNICTS entering the ore-carrier feld as a subsidiary oětivity, the grow Ing number of "super tramps." of 12,000 tone and upwards, is evidence of owners moving with the timer, led by the Germans. Greeks and Norwegians.

ing patterns emerge the market TWA to continue

for genuine tramping is becom-

ing smaller.

With tankers

now carrying suspension to Pł

grain, coupled with the advent

of large ore carriers, the pattern transport is changing.

of Sca

This

Washington, Apr. 18,

Aeronautics THE Civil

19 perhaps hitting the THE

tramps hardest of all.

This underlines the tendency

Board has authorised

bulk,Trans World Airlines (TWA).

the world's goods being moved to continue suspension of

by cargo liners or in specialised

carriers owned by the industries service to Manila because concerned or chartered for re- of insufficient traffic.

latively long periods

Monteentini

Montgomery Word

Motorole he.

National Bicult Co.

43%

National Cash Reg. "A"

Allied Chemicals

33

National Dairy

Prod.

Allied Mills fac.

37

National Lend

50%

Allis Chalmers

3232

Netional strel Corp.

7715

American Airline

10

American Cyanamid Co.

6216

New York Central Noranda Mines Ltd.

233

40%

Ainer, & Furgn. Power

014

Norfolk & West

By

A Gas & ectric

10027

Com-)

0311

Am. Natural Gos

Oklahoma Nat. Ge Oh Mathieson Old Sovators

2652

3971

American Smelting

4

Qurn-filinois Glam

300

30.23

A. Sugar Ret.

201

Oxford Paper Co.

201

American Tel & Ti

Pacific Cas & Elec.

632

American Tob

30015

Pro American Airways

to buy or sell in greater 722

Poramount Pictures

44

Cement.... 4234

STORES, ETC. Dairy XD 20.30 26.40

43

100 - 43

031

Parke Devils Co

4334

Penny J. C. Co.

123

330 This Morries

61%

74 Pitney Bowen

100 / 26.40

500 ur 24.407

JA

Pittsburgis Plate Glass

时

4581

Puhileker Industries

10

Watson

9714

28.30

500 28,40 GU 20.40 500 in 28.40

Pullman

71#

331

Pure Oil

3115

In a word, the trend is fo wirds security employment. Bulk

200 128.50

4415

Radio Corporation

135 64 28,30

Radio Corp. Pret.

12

Lane, Craw..

31 84%

400 3850 400 34

Benguet Cona,

Hendix Aviation Corp.

Raytheon

423

11

Republic Steci

012

1000 or 34,73

Fethirtiem Steel

451 Reynolds Metal

GOL

200 341

Bluetag Arplane

23

Royal Bank of Canado

Ba%

metal

Harden (The) Co.

Royal Dutch

49

COTTONS Textiles....

Burroughs Add Machine

303

Rheam Mig.

21

07

10 2000

0.70

Calif. Packing Corp.

Bears, Roebuck & Co.

2000

0,70

Cana, BK, of Cunin

503

Shell Oil Co

14

Cona. Brewer

Campbell Soup Co. Canadian Paco R.

Bateway Stores

Saint Her, Paper

Sehenloy Ing.

Brott Paper comanda

25

Sinctuur Oil

an

3

Smith, Kine & French

000 Boceny Mobi Out

South Puerto Rico Sugar Southern Co. (The)"

14

43

Southern Natural Cas Southern Raliway (Com.)

473%

401

Int.

1000 €

4000 0.80

14 3000 or 13.00

8.20

040 5000 78 20 7.70

Lee said that the Government was in "the curious position of being a socialist govern- ment entrusted with the res- ponsiblity for industrial ex-

Giant mill

Nanyang... 13.40 pantion and development In

This gland mill was the out- what is still casentially a fren

Thus the

MISCELLANEOUS Government 18

*me of

Prime talks the

Vibro...... 13.40 looking abroad and trying enterprise and capitalist

10

had with the Indo- texo"

entice foreigners to Livest. Minister

nesian First Minister, Dr INVESTMENTS "Bu!

long 30

4.3 your Singapore and help in her in-

Allied. Djuanda, during his state visit activity not only assures your dustrialization dream. own prosperity, but the pro. So for the most receptive to Indonesian last year, sperity of the whole

It is proposed that the mili coin-country has

Japan, A been find will

the Japanese

and munity, you

will use Indonesian coal Ministry of Trade

Malayan iron ore and limestone. Government team has already made a fur- apparatus of the

The willing and ready to assist you vey of Singapore and selected

Singapore Goveniment in your enterprise" he said. six Ilustries as best suited to hopes to get the finance for the One point that has been be set up in Singapore with mill from the World Bank, and the UN is sending two survey uppermost in the minds of Japanve assistance,

teams to study the feasibility Singapore Government leaders They were farm Implements is the fate of their antrepot alectrical appliances, Lele trade. At the moment Sing-communications equipment, op- pore relies to a great extentical instruments, cameras on the Federation for the pro-plastics, sperity of their trading centre, The Japanese entry into the which might have become the markot is no accident 15 GILA

Yesterday's Closing

COMMODITY PRICES

METALS

NEW YORK Closing prices, all in centa per ib.:

Lead May July Zinc May

July Copper May July

SUGAR

#58888

20.73

NEW YORK Closing prices all in cents per

14.:

·Contract No, 4 (world)

Stay

....... 1.00

3,00

5.10

موقفه الله

and

of opening a steel mill in Singa-

pore.

Here again if the World Bank declines lend Singapore_the money, Japanese as well as Ger- man Industriolicts have express- ed Interest in Investing in the proposed mill).

The setting up of the mill would result in a whole range

of secondary industries being

3000 7.75 0000 € 7,70

1000 1.70

Cane J. 1.) Co.

Cat Tractor

Celonese

Coop

C. 1. T. Financial Corp. Chase Manraz Bank

Chrysler Motors

Cluest Peabody Colgate-Palmolive

Colombian Carbon Co Commercial Credit Consolidated Paper

Wave of U.S.

overseas investments

Washington, Apr. 18.

9.609

.6514 | Sperry Rend

199 standerd Brands

Standard Oil of Cal. Oil of Ind.

Steel Co. of Conado Sterling Drug Co. Blokely-Vat Camp. Plane & Webater Studebaker 'nolard Suntine Mining

Will Co. Texas Co. Textron

Stand of NJ,

created to process la products The magazine U.S. News and World Report says

and

part of Singapore's sin.

employment problem would

be solved with jobs for 2,000

Aluminium plant

to 3,000 at lhe milf alone.

Contract No. 6 (domcello)

May

0.76

6.00

Sept

8.43

Nov. Total Sales: 240 contraçis

5.20

UPI.

COTTON

NEW YORK Closing prices all in centa per

lb.;

Spot: 34.10 nom: May: 32.00; July: 32.56; Oct: 30.09; Dec: 30.61; Mar: 31.03: May: 9136; July: 31.30; Oct: 30.00 Dee: 061; Mar: 30.45.

NEW ORLEANS

The

Thioxal Chem. Tide

To

Water Oil Inc

Traders Finance

Tri-Cont. Warrants

Twentieth Century Fox Flim

Union Carbide

of Cat,

Union Date Leftway"

United Aircraft

United Trut

United Gas Corp.

9.5 Full 3

U.B Gypnum

"a wave of investments abroad," by U.S.UB. LAND C industry is showing up in the annual reports

of American companies.

weekly, headlines

ita

Typical of the stories told In Another major project which extensive copyrighted special annual reports of the American may materialise is a multi- million-dollar aluminium amelt-report. "One US. bcem that's companies, the article said, was 20 this by General Motors, ing plant to produce aluminium strictly overseas,"

It adds the manual reports work's biggest car maker: from Federation bauxite.

"Manufacturing facilities over- Whereas the Federation in show American business is add- concentrating its industrialisa- ing more than a billion dollars fans are being further expanded meet the demand of the tion plans on setting up factories annually to its overseas opera- to

market abroad. producing consumer goods, tons and the investment, of U8. growing er Singapore seems to be heading uainas abroad now exceeds These projects will require # folal expenditure of more than Industry field; $20 billion. where there in mora scope invi There American companies $200 indition,

are seeking "to penetrato foreign As the Minister of Finance, markets or to jāko advantage of Dr. Goh Keng fweg, said in tilk) savings offered where Inbour Now Year menɛnge;

costs are lower."

for the heavy

finding jobs for her people.

"It we continue to work as hard and intelligently as our

| forefathers who made thila island

We shall

Cloning prices all in cents per swamp into

lb.;

a flourishing city,

the la nuceerd in

SURVEY

FOREIGN AID

U.3. Rubber

.. Smelding

U.R. Steel

U.B. Bleel 7 P,C. P Weelinghouse Air Brake Westinghop Electric We Union Tel. Co, Wen. Puig Paper Vann-Dixio "Storéa" Woolworth (E. W1) Zenius Radio

A year ago, the Board first authorised TWA to stop serving basla Manila on a temporary

shippers cannot be blamed for without losing its Manila per could TWA mit: It Bald wishing to stabilise their costs.

The palme example of this is continue the suspension for a found in the ore carrier. Worldycar or until 90 days after the in the continues Board's nal decision *consumption

to riso at a spectacular rate; iron trans-Podle route case, which- ore imports into Britain, for evet occurs first.

The Board observed "that example, have risen by over 130 40 per cent in the last 12 years, and traffle at Manlia has not in- circum- many other countries show simil-creased and that the

stances which justified the pre- 29arly impressive Inorcases.

suspend ylous authorisation to

33

41% 40

Carried almost entirely by ordinary tramps before the wor,

37% one is now transported about the

world by specialised carriers which, by the end of 1961. will probably amount to nearly 6

the service at Manila continuo to exist."-UPI.

million tons deadweight, with an St Lawrence seaway

arnust carrying capucily of

40 about 20 million tons. By mid 1962 there 78% over 70 ore carriors

49

will be opens for business

aporating

under BISC (Ore)'s control,

Shippers in other countries are

Montreal, Apr, 18.

following BISC's lead by THE St Lawrence seaway

moting the building of ore car- riers under both collective and

22 Individual employment guaran-

5100

134

40

tees

coal

THE

opened for 1960 busi- noss today in dull, gray weather.

The American

export

The first ship to pass through 344 trade, once the backbone of the the St Lambert Look, gateway

tramp transatlantic

marlock to the 135-mile waterway, was continues to declina. In Britain, the 14,430-ton Lemoyne, an old Linea the intermediate tramp has been | Canada Steamship seriously affected by the virtual freighter bound for Ashtabula, disappearance of the British coal Ohio, to pick up a load of coal. export trade, while many of the Next in line were six. Cund- old ships (of 3,500 tons gross and dian loka ships, bound for a 104%

displaced by variety of talco ports to pick up over) are being 5435 larger and nower onea.

grain, coal and general cargo.

They were followed by threa BULK CARRIER

ocean-going ships from Euro- pean and British ports, arriving with general cargo for lako ports,

4474

201

-UPL

Chicago grain market

The bulk carrier, es distinct from the ore carrier. Is a com paratively new type of ship, al- though it has a long history on

There were 15 other vessels In

the Great Lakes. One bulk the lineup, wolting their turn carrier type. which can carry through the Bt. Lambert lock- any large cargo from coal to AP fertilisers has been holled as

the tramp of the futuro,

In addition there are the con-

tainer, Uft-on and lift-off a PAA fined for

well as roll-on and roll-off ships. Other shipe are now specially desigsed to Corry. phosphate rock, liquid gasen, car, wind......

faulty maintenance

Chicago, Apr. 18. oven orange juice. Develop In Conclusion the article Grbin futures were quiet and encrst is continuous and the Washington, Apr. 18. summed up.

changed today on the possibilities are endless.

?THIE) federal Aviation "You

of Chirdge Board of Trade. sed a programme

The modem bulk carriers, of Agency has fined" Pan 'foreign nki Arianced by Whent fúlures etcounterod 18,000 tons and over represent

Jargo billions of dollars but also quitš į reporter that a

越 business

Pictures Illustrating its survey American Industry costing only a light interest today, but very large capital Investments. American World Airways

included:

Gerinimy: A plant making profitable.

מקאם

to be zoonid during good trad-$2,000 for faully mali-

casts can have a radical 707 jet passenger plane.

Apot: 31.60; May: 31.90: July: 3000: shond of us-ihat of epnverting parts for the Otla Elevator Com- "In the process, jobs which all buying tic hearty con- periods, but their low operationance and inspection of a

1393: 30.40; MAT! 10.00,

TER

brought penting

Got: 00.50; Dt: 3141: Mar: 126: juding centro into a centro pany in Berlin. Oll foreign would go to US, workers if tracts. Prices clood f

effect on rate Jovels.

the Max: 31.35; July: 30: Oet: 29; or Industry."

affiliates booked $10 million in the amme plante could be bui20 Soybeans were also side, with

While ideal supply conditions The agency opbaked

which it BO PAULO

The way to full industrialisa- business in 1906,

in the United States, aro 10- most dealings. Unturned by a exists the bigger the ship the lights with

viewed the intraption, which slon in full of pitfalls, but tho Scotland: A Dundre plant of up to foreign workers; foreign downwing in meals and oils. lover is the cost per cars to forged the pilot to jetuano quel initial interest shown by foreign | the " Natiooni | Cộsh・ "Register | intornos RIKË living standards Zawem houers sold July plans millie. The use of now super and return to base shortly after countries apolis good for tils Company Buch plants make 80 ore being fed and amate of art spreaders bugist July, and tankers in the grain from Jake off from New York city for struggling, wow stalp that has no per peut of the snachting this | Airowieso, solckholders

The hity plaja confirmation of the home last Jan. 19-AP. aryBold May. Estálcái camarahi ya sta OWD.' company sells uveceyja.

pliktig lip."muAP.

TAIM of sing.

(Closing brices all in cruzeire per kilo)? uyquoted.

varza price in UB. as 14 de-

viguales (pót inuehelai d4.11.

Trial aula: 10,756 palad;

>