1960-09-29 — Page 2

China Mail 德臣西報 中國郵報 All

NOTICE

THE HONGKONG & YAUMATI FERRY

CO., LTD.

Nulice to Shareholders

NOTICE

THE DOUGLAS STEAMSHIP COMPANY, LIMITED Notice to Shareholders

NOTICE la hereby given NOTICE IS HEREBY that the Ordinary Yearly GIVEN that the Board of Meating of Shareholders whil Directors have resolved to be held at the Registered make an

offer to members flies of the Company, th who on the 15th day of or, P. & O. Building, Hong Kong, OTH Tuesday, 18th October, 1960, are the regis-¡ tered holders of the 504,000 October, 1960 at 12 Neon for

Jasued shares of the Company of 262,000 unissued ordinary shares of the Company of the nominal value of $10 each att

nominal value par (such

the following purposes:

1. To, receive and consider the Statement of Accounts and Balance Sheet and the iteport of the General Managers and, Auditors thereon:

To elect Members of the

2.

Consulting Committee.

.

being payable in full upon application on or before the 31st day of December, 1960) so that each member of the Company his approved nominee shall be entitled to 4. apply for and take up one; unissued ordinary share fur every two of the said 504,000

Issued shares then held by such member. The shares ao offered shall, if accepted, rank for dividends as from the 1st day of January, 1961 (but not so as to entitle them to participate in any dividend declared in respect of the year ending 31st December. 1960) und in all other respects with the

Знацей і present ordinary shares of the Com pany,

No fractional certificates shall be issued, but the shares representing fractions shall; be allotted to a trustee to be

thereof.

the

To appoint Auditors and fix their remuneration.

any other Tu transact

ordinary business of the

Company.

NOTICE is also heroby given that the Transfer Books of the Company will be closed from 6th October, 1960 to 18th October, 1960, both days in clusive.

By Order of the Members of the Consulting Committec,

Per Pro

DOUGLAS LAPRAIK & CO

General Managers, Hongkong. 29rd' Sept., 1960.

OFFICIAL NOTICE

Proposal to change a Ship's name

I. LAM KAI of 94, Kennedy

1

THE CHINA MAIL, THURSDAY, SEPTEMBER 29, 1960.

UK's MOTOR INDUSTRY

Problems arise HONGKONG WALL STREET PRICES

from Earl's

Court show

As Britain's giant motor industry faces falling overseas sules and credit restrictions at home Alexander Thomson talks to one of the top men in the business.

.

London, Sept. 28.

How do successful sons of famous fathers see the outlook for the big businesses they help to run?

STOCK EXCHANGE

Toy

Dur Den Corkspood, et

Business done at the Hong- kong Stock Exchange this morn- ing amounted to approximately $1,300,000. Noon quotations and this morning's transactions:

Shares Buyers Beilorm

Lombard Rs 3012

Bank et Co.

Waterbont

Wheelock

Bajza 20 2018)

1170 1183 20 m ifto

4013

93 144

240

28.00

7.70 72 1000

HK Bank.

Ci

row Hotel HK Land

21 21.30 2500 3

83!

59 2820 or SUIS

22 or

-170 Ja 3115

kr

1500 or 12

15 23.10

2000 23

2300

1000

28.19

I wondered about that today I' "The possibility of this new in looking around the Commer-challenge underlines the need cial Motor Show at Earl's Court, for a buoyant home market to down," For the shining chassis and help keep our costs

there are declares Geoffrey Rootes.

Yaumati glistening chromium

that Does he feel

Britain's HK Tra a curtain raiser for the motor

Ch. Light show proper in three weeks metor Industry now on short time.

time in most factories has been over-euger in its latest £250 million expansion?

And this year Mr Geoffrey Rootes, Lord Rootes eldest son, is President of the Society Motor Manufacturers and Traders.

Top spokesman

of

At 43 he is the industry's top spokesman at a time when squeeze at home and a fall in it is being hit by the credli sales overseas.

He tells me: "I hope we shall see some improvement at the turn of the year. But a lot will depend on whether Gov-

ernment relaxes its squeeze."

Young Mr Rooles is very like his 66-year-old father. He has the same stocky build. The same | lively personality,

And for ten years now he has the production boss of

turning Humber Hillman, Sunbeam and

nominated by the Directors Road, 2nit Floor, Hongkong, upon trust for kula on such hereby give notice that in conditions as they consider consequence of change of

the vessel, and expedient

net, ownership-of tless the have applied to the Minister proceeds of sale amount ut $10 for each of Transport under Section share payable on acceptance) 17 of the Merchant Shipping shall be distributed propor- Act, 1894, in respect of the those stemnship "CHOYSANG" of tionately amongst

KONG REGISTRY members who would other- HONG wise be entitled to such frae. Official Number 180846 Gross tions and in satisfaction tonnage 1889.40 tons Register been

tonnage 979.16 tons, hereto-Rootes Motors, fure owned by The Indo Chisa The offer will be made by Steam Navigation Company notice sent by post to each Limited, Hong Kong, for per- shareholder specifying the mission to change her name number of shures to which to "MILFORD" and to have each shareholder is entitled her registered in the now und such offer, if not name at the Purt of HONG accepted elther on behalf of KONG

owned AH such member or his nominee, Hemisphere Shipping Com- on or before the 31st day of pany Limited, Hong Kong. December, 1960, will be

Any objection to the pro- deemed to be decllaed and)

posed change of name must the Directors will dispose of be sent to the REGISTRA the said unissued ordinary OF SHIPPING HONG shares as they think fit.

KONG within SEVEN days

NOTICE IS ALSO HEREBY GIVEN that an Extraordinary General Meeting of the Cum- pany will be held at the Com- |

!

uk

by

oul

Singer cars as well as Commer and Karrier trucks and lorries.

Lord Hootes and his brother Sir Reginald are still "overlords" of the £44 million Rooies enter- prise.

But. Geoffrey and his younger brother Brian are in day to day driving seals for output and sales.

Car

Crodit squeeze

HK ectrio 28.10 2.20 HK Telephone

Not on your Itle. Like other car chiefs he is convinced that planning is right-for a long term.

*]I we

have rising Allied Inv.

Watsop are to living standards throughout Textile

well as Europe as

in under- developed countries our plans are hdly justined," he says.

400 or 180

DROP TO NEW LOWS

New York, Sept. 28.

Stock prices finished lower today as a late wave of selling drove the

averages and many blue chips to new lows for the year.

Electronics were among the British Amer. Oll best groups to go against the British Columbia Elec. trend but even these ended with Calit. Packing Corp. a milxed sppenrenca, IBM lost Cana. Bk. of Comi Campbell Soup Co. four over

while

Motorola Canadian Pacific R. gained over two and Texas | Case (J. 1.) Cu.

| Cat. Tractor Instruments about a point.

Dome Mines and Homestanice Celanese Corp......

C. 1. T. Financial Corp. lost well over a point cach 09, Chase Manila). Dank prent-taking scoped into the Chrysler Motors gold mining issues, American Cluett Jesbody...

Colgate-Palmolive Co. Shipbuilding sagged around Colonbian Carbon Cu. Ave and American Home Pro

lower

ducts around 3%. 400 501

Steels were mostly motors mixed with Ford up over jane. Defence issues were mostly 23

and rafts lower with utilities 23.10 20.10 mostly easier.

663

Ex. tt.

4

GI Cement..

Dairy Porn 29.40 29.05

27!$

5.80

8 8.30 1000 B

13.00 14.10

Rub.

7.70

020314

Налудня

wonder if some of the best motor Trust

This will probably make you

Amal shares after their sharp fells will Takuo not be worth looking at in the

coming months.

It is still too early to tell. But | Humphrets- 23.70 24,10 of one thing you can be sure.

This big industry has become too important to be relentlessly squeezed for too long. London Express Service.

London

closes

strong

London, Sept. 28.

Really

Star Terry

HK Gas

500

1010

170 180 00

14.00 114.70

Lane, Craw, 3915 601

Gilmart

Asia Nay.

*

Huong Sung

Int'l. fav K.K.-F.E. Invest Entertain-

ment Vibro

2.125 220

105

8.20 8.40

.. 10.90 14.10

3:0 153

Agreed merchant

rates

Canadian $ Maximum Selling 17-1/16, Minimum Buying

Brokers were

Commercial Credit Corning Glass Works Consolidated Edison Consolidated Paper

Consumers Gas Continental Can

Continental Oil of Del...... Creole Pet Crane Co. attributing the Crown Zellerbach

by decline largely to a speech, Delaware & Hudson Co.

Anderson Plamond Alkali... Treasury Secretary

Distillers-Sesgrams who said the economy was in Domician States of "non-in-Douglas Aircraft for a long period Ballanary" growth.

Pitney Bowes reacted to news of West German competition in

the postage meter fold with a better than three point drop.

Duw Chemical

52

2716 Oklahoma Nat, das

On MatheRCHY Otsevators Owen-klinom Blans

34

434 Oxford Paper Co. 004 Pacific Can & Elec 3151 | Pan American Airways

24%

43

Paramount Pictures

Parke Davia Co.

Penny J. C. Co.

Penn., Salt Co.

57 Pp Morris

Pitwy Bower

Procter & Gamble Co. Pittsburgh Plaza" Giaus 4534 Publcker Industries 5444 Pullman

159

Pure Of

6115 Radio Corporation 201, Itadle Cord, Pret. 1324 Raytheon

Repible Steed

493% Reynolds Tobacco 2714 Royal Bank of Canada

Royal Dutch ..

40

461% Rheem Mig. ........

20

Sears, Roebuck & Co.

14 Shell 04 Co....

Badeway Store

20

50% Sam Reg. Puper

25

Schenley Inc.

124

Scott Papar

Dupont de Nemours

103

siegter Corp.

2001

Sedih Khine & French

30%

Eastern Als Line

Eastman Kodak

Peso Naturul_Cas Family Finance Corp. Ferro Corp.

| Aircrafts, strong in earlier dent-Firm Nat. City Bank

Ings, dropped.

Ford Motor Co. of Cals Today's volume was 3,520,000 Ford Motor

Georgia Pacille shures. Of a total 1,240 shares General Dynamics traded 258 were higher and 777 General Electric lower.

American Exchange was 1,680,000 shares.

General Foods

volume General Motors

Bonds volume amounted $3,800.000.

Dow-Jones closing averages: Industrial

20' rails

15 utilities

65 stocks

40 bonds

Comm, future price index

Closing prices

Abitibi Pwr, & Papër

Alden Inc. Acy,

Algoms Steal Corp.

Allied Chemicals

Allied Mula Inc.

Allis Chalmers

Am. Brake Shoe

American Cable & Radio Cerp

American Airline

American Cyanamid Co.

Amer. & Form. Power Am. Gas & Electric

Am. Kome Prod.. Am. Macit. & dry. American Metal

Maximum Am. Natural Gas

American Smelting Maximum Am. Sugar Hef.

Right now as with all other Stocks extended their od 17-5/10 T/T, 17% 0/D.

manufacturera.. Rootes favourite tople is

Geoffrey

the vance today as continen- credit squeeze. He boils at the tal buying bucked up thought

home demand in the blua He says: "It is entirely wrong

chip industrials.

from the appearance of this to think that by clamping down advertisement.

HEMISPHERE SHIPPING COMPANY, LIMITED,

LAM KAL

Director.

Dated at HONG KONG the pany's Oflees, Jordan Road 28th day of September, 1900. Ferry Pier, Kowloon, on Saturday the 10th day of October, 1960, at 12.30 p.m. for the purpose of consider ing, and if thought fit, pass- ing the following Resolution as an Ordinary Resolution:-

""That it is desirable to capitalise the #um of $2,520,000.00 being part

of the undivided profits

of the Company standing į

NOTICE

THE HONGKONG & YAUMATI FERRY

CO., LTD.

NOTICE is hereby given

at the credit of the Com-¦ that, as interim dividend of pany's Reserve Fund and three dollars per share on accordingly that a special the Company's issued capital Capital Bonus of $2,620,- has been declared in respect 000.00 be declared and of the year ending that such bonus be ap. December, 1960.

31st

on the home market m cars ex-

Goverment bonds stayed on ports of them will automatically the increase.

uptrack with American "As an industry we have al-buying said to be helping the

ways sold as many cars over- seas as the markets there will take. The long waiting lists of home buyers we had unt rently surely proves that.

****

"So does the fact that nearly 17 per cent of Britain's total ex- ports last year came from our motor vehicle factories,"

Geoffrey Rootes paused. He adjusted the blue tie that so exactly matched his double- breasted blue sult.

Competition

He went on: "There can be no question that what we need than anything to more maximise our competitive power abroad is volume production at homo,

"You have only to look al the experience of the com. Dividend warrants will be mental vehicle side of the sons who on the 15th day available for collection at the motor industry to see the force of October, 1900, the holders of the 604,000 registered office of the Como that argument,

144-148 Des

plied on behalf of the per-

were

issued shares of the Com- Pay,

"In 1959

Voour cent

pany in payment in full Road, Central, 1st floor, Hong

or

Kong, or will be dealt with in accordance with standing instructiona, on and after

for 252,000 unissued dinary shares credited as fully paid be accordlagly 15th October, 1960. allotted to such

persons

in the proportion of one Notice is also given that such ordinary share for the share register of the every two of the said 504,- Company will be closed from 000 issued shares thon Monday, Brd

to held by such persons Saturday, 15th October, 1960, respectively, and that the both daya inclusive. shares so allotted shall be

treated for all purposes aA an increase of the nominal amount of the. Capital of ¦ the Company held by each Hong such shareholder and notatu as income, and that such shares shall rank for divi- dend as from the 1st day of January, 1861 (but not

so as to entitle them to

participate in any dividond declared in respect of the

October,

the budget 30 per purchase tax OIL com-

mercial vehicles was abolished,

"Since then the production for the home markets has in- creased and this bigger butput has helped a 10 per cent rise in tho exports anles."

and

The exports of trucks Torrics are still on the up and up. But in motor

cars they fell from 44,800 to 41,000 last month, The car exports to the U.S. In August were less than half the total of a year ago.

"The netback there is not disaster," says Mr Rootes.

n

"Too many foreign cars were belest Imported.

8

By Order of the Board,"

LAU CHAN KWOK,

"Dealers were overslocking Managing Director.

timo at

when American Kong, 29th Aug, 1960,

manufacturers were Launching their new "compact" cars, proportionately amongst

"For the time of bring the tap those members who would has been turned off. But when #ocks are liquidated a better otherwise be entitled to position will appear." auch fractiona and in

Small U.S. cars satisfaction thereof."

years

AND NOTICE IS ALSO Even.co be expects the US. your ending 31st Decem- GIVEN that the Share Regis market will become increasing-

ly competitive in the ber, 1900), and that no ter of the Company will be ahead. fractional certificates shall cloned from Monday, the Srd be issued, but that shares to Saturday, the 15th October,

fractions 1000, both days inclusivo. representing

shall be allotted to a trup. " tee to the nominated by

the Directors upon trust

for sale on such conditions,

as they conolder expediant,

lly Order of the Board of Directors, LAU CHAN KWOK,

Managing Director Kong, 30th, Aug. 1900,

and the net proceeds of Hong safe-shall "be" distributed

car glants are preparing to move There are rumours that US.

further down the ale scale from Their "compret" earn which roughly correspond to our Ford Zephyru.

The models which are mora comparable to the Consul and Hilmin: Minx, are thought to begin the planning alege Iri Detroit.

war Joans.

Foreign bonds were dull with Germans and Greeks weak. Dollar stocks were mixed,

The buying bout in golds Bection petered out and the closeri

kower. irregularly Coppers and tins were dull.

Oil were trendless, rubbers cusier and teas steady-UPI,

24

Closing prices

UK Govertiment Securities

Cotoks - 107.

1% Funding. 13/01-£80%. 3 Funding, 198/2004-05, 4, Punding. 1900/90-257

3. Bavings 1055/65-60-5/32, 34, Savings 1960/70--2787). 3 Bavings 1005/75-271-9/10.

Banks, insurances Barclays "A" Drd-G# 30. Chartered-CBN.

Hongkong-0014 Lloyds. “A”-636 60. Weilminster “A”—418_3d. Union Insurance-

Aircraft and Motors British Motor-150 10/10. Ford Motor-850 4120, Hawker Siddeley-1. Rolls Royce 750. Rodles "A"—0% 31.

Steel Engineering Babcock & Wilcox-36 453. United Bite)-77 0. Vicker 321 36.

Paper

Downtor Pupor Orca Odl.

Tobacco, Food & Drawerlas Britian-American Tabrego-629" 1940.

Imperial Tobacco-dla DNA. Distillers Company--43s M.

Miscellaneous Boardman Marden. Se ki, Bowmakers-270 10190. British Oxygen-30% 44d. Canadian Pacille 139%.

Francs Swiss Selling 75-1/16.

Belgiun

Francs Selling 868.

West Gorman Deutschemarks Maximum Selling 12-11/10.

Exchange rates

American Tel & Tel

American Tob

Aimpex

Anaconda Copper

Armco Suzel

Armour

Atlas Cons. 'Mining Baltuen -čárna-Ḥam.

Baltimore & Ohlo

Bank of Montreal

Gen. Puls, Util Gen. Tel. & Elec.

lo Gen. Tyre & Rubber

Glidden Co.

Goodrich (B.F. Co. Goodyear Туто

509.08 Grupaan Argraft

Sinclair Ou ..........

Socony Mobil XI

29% South Puerto Rico Hugar 44 Southern Co. (The)

774% Sputhem Natural Cas

123 | Southern Pacinto Co... ....... ;-03-___Southern Railway (Com.)

| Sperry Hued o

30%

71

くだい

Standard Brande

Standard Oil of Cal.

Standard ou of and.

Standard Ol of N

Stoel Co. of Canada

Steen Rock

Sterling Drug Co. Stokely-Van

Camp,

Studebaker Packard Corp.

53

Stone & Webster

Great Northern Railway

4475

2015

Sunkine Mining

28%

Swift & Co.

131/

Texas Co.

30%

Textron Inc.

351

124.08 Gule

90.85 Harmonal Orga

Heyden Newport Corp.. 190.43 am Walker...

24.52 Hornextakte “Mirang Co. 143,86 Humaa Retrist.

Idaho Power

Imperial 'Ou

ITRUSTeo]-Hand

Inland Steel Co.

$58% Interhemical Corp

48

The Business Machines 91% Int'l Korvoster

40% International Nickel

30 International Paper

201) Int'l Tei & Tel

Johns Manville Co.

Industria

50

89 C. Power & Light

Konnpoott Copper

Kimberly Clark

Thokol Chem.

4573 Tide Water Cl

Time Inc.*....!

Tri-Cont. Warrenla

Twentieth Century Fox Film

Union Carbide

101

331

STIL

Unton Ou of Cal.

Union Pacific Railway

3021

United Airorefl

38

4837

United Gas, Corp.

United Fruit

151 | U4. Gypsum

38%

K”

U.S. Line Co.

UE, Rbber

017, Bmelling

US Steel

1416 US Steel 1 PC. PF

70"

Wamer Bros.

85% Waukesha Motors

Wesinghouse Air Brake

781% Westinghouse Beetle 218

45

3

sweth & Mye Tob. Co.

109

Lily Tulip

4

69

Lion Ind.

21

Loblaw Groçeteriza

70

Lockheed AldronaM

532: Loows Incorp,

217

29

881 Lowenstein & Sons.

Lone Star Cement Cu.

573

McDermott J. Ray

Merc

2414 Mesa Iron Corp

44

44

13

Minnesota Mining

Mission Development

Molaons Brewery

Monsanto Chemical Co. Manteontin

2014 Montgomery Ward

135 Motorola The.

601

National Bact Co.

40% National Can Reg. "A

National Dairy Prod. National Lend

Bank of Nova Scotia

Bosch Life Savers

this

Bell Telephone

40

rater:

28

6.47

18.36

33,04

Business was done in the tocal unorligini exchange market touring at the following 11.3. dollar (per #1 Sterling notes per i Australus notes (per £1) Indonesian rupiah (per 100) Siam tieals (per 100) Singapore (Sliwits)

Beneficial Finance

Bendix Aviation Corp. Benguet Cofa.

Bethlehem Steel

2.30 Boeing Airplane

20.15 Borden (The) Co.

150 Hurroughs Add Machine

Yesterday's Closing

99% National Steel Corp.

New York Central

391 Near Mines Ltd.

30% Norfolk & Western Ry 45% North Amer Aviation 319 | Northwest Airlines (Com.)

COMMODITY PRICES

METALS

NEW YORK

914-031

LIVERPOOL

Wertern Union Tel, Ca

241 West Va, Pulp & Paper

3516

Winn-Dixie Sieten ..

Woolworth (K. Wa Zenith Badin

Rubber market

Singapore, Sept. 28. The market opened about unchanged and after initial business at higher levels general liquidation brought prices down by 1% cents,

Some covering inquiry for lower sheet and offgrades was filled. on the decline and differentials narrowed slightly.

Afternoon was slow, to begin but with buyers coming in fair volume prices moved up stendily throughout the scanion. Lowers were in foir demand at slightly narrower discounts,

Closing prices all in pence per The market closed stondy,

No. 4 Det er Boot rubber unhaled ... 9514-901% Plunkat crape *********

79-00 No. 1 pale crope...

10$16-1025 lb.: LONDON Closing prices all in pence per

jb.: No. Rasapot

Closing prices, all in cents per get./Dec.

10.22

10,40

AMSTERDAM

per diagram, c.1.2. Oct.

Closing prices all in guilders

2.70 buyers

2.00 buyarn

buyer ***UTI.

1.73 buyers

BRESER

383888

23.50

FOREIGN EXCHANGE

American Contract

Oct. Dec. Mar.

22.70 21.00 23,00

May 2834-3821

Settlement louse term:

Ju

2014-2016

Oct.

Standard-Triumph-te 3l.

ib.:

Jan/Mar.

27-24

Buliding à Materials Assoc. Portland Comet-709 $150. Goodless. Wall & Tead-s

Lead

Apri/June

2756-2744

Mixed Contepet

Sept.

July/Sept.

2731-372-

Oct.

29.30

Nov,

General markein, c.lf, basin, ports:

Dec.

Zinc

11 Nov.

Det.

MAX

Nov.

Estate crept

Copper

Def.

thin Oct.

Hapt

thick Ozt.

NOV

LONDON

Closing prices, all in sterling per long fon:

Buyers Sellers

No. 1 rubber

No, z rubber

0001

not

No. 3 rubber

3-month

503

No. 1 crepa

Coppet

Spot 2-month

23216

Zinc and half

Sept. Deg

Lead 2nd Half

Sept.

flouth Affies

Danz

France

W Germany

3143

Holland

51.7%

22.79

Trad

De La Rue Ords 3d,

Dunlop Rubber-201 734d. Gilman olding)-9 4isa. Hengkong & Ching Clas-for. Imperial Chemical--739 34. Unilever 1004

Radio & Elsetrical Associated Electrical 409 00, Electrical & Musical--ih,

N Electrio-308.

General Electroa du.

Shippin

Indo-China Navigation-in pd... P. & 0, sleam Navigation=gle 4356. Greal Universal #29--99% 2014, Marks & Spencer-bis 30. Woolworth

ad

Tektlian Conte, 7, · Pandas $1. Courtaulds-60% TILA.

"all" Beitia: Boreo 2a 64. Delish Bommal—la 23. myilish, Petroleum--šte, Burmah »sie,

Floyal Dutch-£1)-17ta. Shell Transport=-1890,

Mines De Beers-1500*30. Petaling Tin--ja Tigd,

HK UNIT FUND

Buyer Price: 10.90. Beller Price: $1,01.

**

BS

COTTON

NEW YORK

NEW YORK Closing rates! Canada England official

10 30-days

Austrade .. Now Zealand

Closing prices all in cents per Begin

Jb.:

Bp91

Dec.

Mar

NEW YORK

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

May

Ded

Mar.

Sept.

24.00

MEY

Nov

34.00

July

Mar.

МКУ

July

22.0

gepl

Sppi

BINGAPORE

Closing prices all in Etrufla

Des

conia per 15. 2.o.b. Mulayan

May

porte:

No. 1.

"det.

NOY,

NEW ORLEANS

Norway Sweden Switzerlan

Pakistan Hoad Kong

Closing prices all in conte per New York

LONDON

Closing rate:

Montrond

| Amsterdam

29.10

тех

In New York.

rubber futures today clowed 15, points lower to unchanged on sales of 28 contracts.

The futures market continued in the doldrums today reflecting the fallure of primary markela to move much and continued quiet conditions In actual rub- ber.

Trade sources said dealer in- ferest has perkød up at current market levels but For East offer- Inge remain searco. The current month for No. 1 Ras was quoted at 35 cents.

in London, the rubber mar kel was "tendy

with spot

quoted at 28% penos,

In Amsterdam, the

rubber market was quiet today-UPI.

NY sugar market

Now York, Sept. 28. World No. 4'sugir' futurns today closed eight points' higher. `to two points lower on sales - of 20.opitznate.

Domestic Nu. O sugar futuros Anlahed unchanged on a total of 74 salon

Aside from afrongth' in tha spot position on trade covering, world, futures" showed- casing tendencies after it was unomolaf- ¡¡y repórted that Ecuador sóld 8,000 tons of raws to Japen bo- low Brazil's asking price and, Bes consequently, below the Cuben kou | minimum" export price of "3.20

cofită

Domestica wero' duil and 'qujet through the remiori, with no de- (ệu | chichi" yet known on when and

whats the dominican" repabil 109% WL_BRIKA large nigge, bargo,

***UPL"

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