THE CHINA MAIL, MONDAY, OCTOBER 14, 1948.
DE LA RAMA LINES Stock Market Takes JARDINE, MATHESON & CO. LTD.
EXPRESS CARGO LINER SERVICES
TO AND FROM PACIFIC &"ATLANTIC COASTS
VESSEL
M.V. DONA-NAT-
DUE In Port. 16 Oct
S.S. HALEAKALA
SAILING FOR
Manila (Passengers only) Pacific & Atlantic Coasts via
Honolulu & Manila.
THE DE LA RAMA STEAMSHIP CO. INC.
Pedder Building
TEL: 23676
Chinese Shipping Office
Tel. 23738/20153
BUTTERFIELD & SWIRE
1. CONNAUGHT ROAD CENTRAL ・・ Telephones: 80851-8 Private Exchange.
Agents: CHINA NAVIGATION CO.,
"HANYANG"
**TSINAN" "ANHUI"
**NINGHAI" "FENGTIEN"
"ANHUI"
"KWEIYANG "NINGHAI" "SHANTUNG" "SZECHUEN" "FENGTIEN"
"FATSHAN"
SAILINGS TO
LTD.
Shanghai 4 pm. 14th Oct. Swatow & Bangkok 2 p.m. 15th Oct. Amoy & Swatow 7 a.m. 15th Oct. Shanghai, Tsingtao & Tientsin 4 pm. 19th Oct. Singapore & Penang 2 p.m. 22nd Oct.
ARRIVALS FROM
Singapore 14th Oct. bangkok, Saigon & Swatow 18th Oct.
Singapore 16th Oct. Shanghai 19th Oct. Shanghai 19th Oct. Shanghal 19th Oct.
CANTON RIVER LINE
Arrives 1.30 p.m. 15th Sails 1 am. 17th Oct. Arrives 2.30 p.m. 19th Oct. Sails 6 am. 21st Oct.
Agents: BLUE FUNNEL LINE
"PROMETHEUS"
"ANTILOCHUS"
SAMAFFRIC"
ANTILOCHUS"
"SINKIANG"
"LYCAON'!
UK SERVICE
Sailing
19th Oct,
21st Oct.
Mid. Oct.
21st Oct.
NEW YORK SERVICE
Arriving
For
Silver Pouring Into U.S.
New York, Oct. 13. Sixteen-foreign countries........are. pouring their silver into the United States at a rate which promises to meet the most op- timistic estimates industry's nerds..
Another Spill
(By Victor Eubank).
New York, Oct. 13.
The stock market suffered another spill during the past week, hitting a new low since early last year, but recovered almost all its losses In the final two sessions,
In
15
SHIPPING DEPARTHENT 18 Pedder Stress Tel. 80811
General Managers.
INDO-CHINA S. N. CO., LTD.
S.S. "WOSANG"
S.S. "WOSANG". S.S. "WINGSANG”
SS. "EMPIRE FARRAR" S.S. "EMPIRE'WITHAM”
the early part of the week brokers found cus
tomers generally depressed and inclined to liquidate because of skepticism over produc- tion due to strikes, price difficulties and wide- spread material shortages.
a certain
United States Government The so-called Martin law, in- There also
over inter bonds charted a stable course, tended to release the govern-amount of worry
Sales amounted to $27,586,000: ment's 220,000,000 ounces of un-ational problems and the pos monetized and unallocated silver sibility that sizeable Dutch hold compared to $23,948,000 the press. EMPIRE FRASER" to the clamouring industrial mar-ings of American securities might ceding week-Associated Pressi?
in the ket, made the government be liquidated sometime purchaser rather than a seller of future.
A late rally credited partly to the metal.
· The law directed the govern-short covering and quickturn buy- ment to pay a minimum of 90.5ing was based on the thought that substantial technical cents an ounce. It can sell at a further the same price. It must buy any comeback, was a probability. newly mined domestic silver and it was suggested some bidding may have been inspired by a be- may buy foreign silver,
The treasury
atlief meat prices and other con- has no need present for foreign silver and sumer goods soon, would be de the open market price was im controlled. mediately set at 90.18 cents, just. under the federal price of 91 cents.
000.
Stock Composite
The Associated Press 60 stock composite was off 4 of a point at 61.6 on the five session stretch.
Settlement of the prolonged price controversy by the Martin The volume for the period, ex- bill brought immediate results. panded to 7,910,600 shares com- In July 8,300,000, ounces camepared with 5,114,091 the previous to the market. In August 9,300,- week which was the smallest since the week concluded April 7, 1945. Railway obligations sank to the lowest level in two years in the bond market before a rally on Friday blocked at least temporari- ly a further decline.
Industry representatives have Oct#estimated they would need 128,- 000,000 ounces to meet 1948 needs. Mexico is the largest exporter of silver to the United States with shipments totalling 7,800,000 in August. Per and Canada also are ble suppliers Associated Press.
Port Said, Liverpool
via Straits.
-do-
Arriving
From
15th Oct.
UK. via Straits
. 14th Oct.
-do-
-do---
do-
From
ท
"GLAUCUS"
EURYBATES”
3rd week Oct.
Salling
15th Oct.
New York
For
New York via Suez.
Agents:
AUSTRALIAN - ORIENTAL LINE, LTD.
*"YOCHOW”.
"YOCHOW"
Arriving
25th Oct.
Salling
1st Nov.
From
Australia
For
Sydney, Melbourne
All The Above Subject To Alteration Without Notice. For Passage and Freight Particulars Apply To The Above.
DOUGLAS STEAMSHIP CO., LTD.
S. S. "Halyang”:
Sailing for Swatow, Amoy & Foochow on the 15th October
Subject to alteration without Notics.
For Particulars of Freight & Passage. Please apply to DOUGLAS LAPRAIK & CO.
General Managers. · P. & O. Buliding, 5th floor. Tel. 23755
or
CHINESE SHIPPING DEPT.
20 Connaught Road, Central. Tel. 24639.
BEN LINE STEAMERS LIMITED.
SAILINGS TO U.K.. VIA STRAITE.
FREIGHT ONLY. VESSELS DUE
LOADING
"BENLAWER
"BENLOMOND".
W. R. LOXLEY & CO. (CHINA), LTD.
York Building.
M. NEMAZEE
S.S. “ORADELL” Loading 14th October,
Batling Evening, 15th October For Swatow and Bangkok.
Ounces
Inter-Allied' Trade Board
Washington, Oct. 12. The Far East Commission unanimously approved a propo- sa) today to establish an inter- Allied trade board.
The body will be composed of representatives of the Govern- ments participating on the Far East Commission.
The widest price swings were registered in the low priced car- rier group.
Narrow losses appeared in in- dustrial and utility sections as
well as among a number of top flight railroad loans
Down Swing
U.S. COTTON
New York, Oct. 11. Cotton futures broke sharply in late dealings on hedge selling and commission house profit taking which met indifferent trade de
mand.
Closing prices were moderately above the lows for the day with 1947 crop deliveries establishing new lows for the session.
bale: Futures closed 10 cents higher to $2.06 lower.
Oct. 38.80, Dec. 38.49-54, March
May 38.03-05,
37.62, July 36.70-72. Oct. 32.89, Middling spot 39.43, nominal-Associated Press.
Alexandria, Oct: 12. Gold," per
fine ounce Piastres--Reuter.
NOTICE TO CONSIGNEES
"SAMOA"
164
Damaged cargo ex this vessel will be surveyed at Holt's Wharf between the hours 10
After a decisive rally in the preceding week the market resum- a. and 12 noon on, 12th and Led a long swing downward from 14th October 1946" and con- the high mark of the rear hit in signees representatives are re- February.
Late Thursday the demand perk-quested to be present during ed up and on Friday expanded the survey. appreciably.
The decisive factor affecting the bond market in the opinion of many observers was the behaviour
Its responsibility will be to of the stock prices.
BUTTERFIELD & SWIRE,
Agents.
In the foreign loan section Hongkong, 12th, October, 1946. advise American occupation au-minor losses for the week were thorities in Japan on future posted. Japanese commercial import and export policles.
Establishment of the board constitutes a portion of the Far East Commission's efforts to advise on the rehabilitation of Japan's economy.
The board particularly will be concerned with establishment and administration of principles governing Japanese export and import trade, including investi- garlon and advising on prices" at which Japanese exports will be sold and likewise considering prices Japan will be permitted to pay for needed imports-As- sociated Press.
BIGGEST BANK?
London, Oct. 18. The Moscow radio broadcast a claim that the States Back of the USSR had became the biggest, bank in the world.
The radio said the bank paid out more than 555,000,000,000 rubles (about $111,000,000,000). in short term credits in 1945.
It said it had nearly 3,000,000 and was linked with more than 100 foreign credit in- stitutions in all parts of the world' for foreign trade and finance operations.Associated Press.
accounts
U.S. HOLIDAY
New York, Oct. 13. Major securities and commodity markets throughout the United States were closed Saturday in observance of Columbus Day,
Various Jivestock markets operated, as usual.
EX
The Canadian Security changes also closed but the Win nipeg grain exchange was open.
All Canadian markets will be closed Oct. 14 in observance of their Thanksgiving Day-Aso- ciated Press...
BOMBAY SILVER & GOLD
Bombay, Oct. 12.
Rupees Annas
169 00:1 por 100 colas 161-06.
per 100 tolas
100
about 22nd Oct.
14th Oct.
Tel, 84165
Sliver, Ready Silver, Forward
Gold Delivery
Gold Forward
Sovereigns
―lleuter.
00
ner tola
93
14
per tola
08
Each
For Freight & Particulars Please Apply M. NEMAZEE Prince's Buildinga,
Telephone B1185/7 & 83781
LONDON DISCOUNT RATES
London, Oct. 11
Lay to Day: Loan / por cent, Short Money to 1,. Bank Bilis, 3 Months 17/82, Bank Bills, G Months 9/18 to Fine Bals, 8 Months 1 to 1%
Trade Blo
6 Months to 21: Treasury Bills 0 Months 15 to 17/82 Treasury Billa, 3 Months
to 17/82
AMERICAN PRESIDENT LINES LTD.
Speed-Frequency-Dependability
Refrigeration Special Cargo Oy Tanks Cargocaire-Specia
S.S. "MARINE LYNX"
S.S. "MOUNT DAVIS" '
S.S. "CLOVIS VICTORY”.
S.S. "MOUNT ROGERS”
SAILING
20th Oct. San
FOR
Francisco
vis
Manila: End Oct New York-and Boston vis Singapore & Suez, 23rd Oct. New York and Boston).
vip San Francisco, Loa Angelos and Panama,
SAILINGS
ARRIVALS
to Keelung 20th Oct.
from Straits via Salgon 18th Oct. from Shanghal 17th Oct. IN PORT
Kowloon Bay.
(Ben Lind Berth) Kewloon Dock, Cosmo Dock
Subject to alteration without notice." .17.
All intending Passengers are requested to register their names as far as possible in advance of the time at which they wish to leave
Agents: GLENTM LINE LTD.
S.S. "GLENAFTARICH
M.V. DENBIGHSHIRE 8.9. "GLENSTRAE” ·
Taikoo Sugar Refinery, Now load- ing for Rotterdam, Antwerp, Amsterdam & London, not work- ing Sunday. Sails 17th Oct.
'due from U.K. 25th Oct. Due. from Shanghai 14th Oct. Loads for UK, Rotterdam Ant- werp Amsterdam-November.
Due from Shanghai 17th Det.
Managing Agents: AUSTRALIA CHINA LINE
́S.S. "PERIOD“
...due from Sydney Early Nov. M.V. NEWBROUGH .........due from Australia early Nov.
Agents: THE WESTERN CANADA
STEAMSHIPS LTD.
S.S. "LAKE NIPIGON"
due from Vancouver carly Nov.
PENINSULAR & ORIENTAL STEAM
NAVIGATION COMPANY
"TREVETHOE" “SAMLAMU" "GLENIFFER” "TREVAILOR”--
Dus
20th October October
Early November
From
“BENALDER"
J.K.
"OTRANTO".
Mid October 11.3-m-14th October
"EMPRESS OF
AUSTRALIA"
U.K.
U.K. Bombay
U.K.
U.I
Loads For
Straits, Bombay & UK.
Straits, & Bombay
Ship
"SAMETTRICE"
November November Ready
15th October
- Accepts cargo for LONDON, ANTWERP & ROTTERDAM
"SAMLAMU"
Early November
Early Nov. New York and Boston BRITISH INDIA STEAM NAVIGATION CO., LTD.
via Singapore & Suer.
For Passage and Freight apply k AMERICAN PRESIDENT LINES LTD.
'81. George's Bldg.
Tel No. 28172/18175.
Frigidaire
THE NAME THAT COUNTS
HOUSE HOLD CABINETS
ICE CREAM CABINETS BEVERAGE COOLERS WATER COOLERS
WATER HEATERS
COMMERCIAL REFRIGERATORS
AIRCONDITIONERS
ELECTRIC RANGES
ETC.
Sole Agents
DODWELL & CO., LTD.
Alexandra Bullding
Frigidaire Dept.
Tel. 20038
SHIP
FROM
́“SILVER GUAVA”
"BINFIELD"
Madras
Rangoon
Calcu.cz
LOADS FOR
"PASHA"
SHIP
"BINFIELD"
Strait, Madras, Calcutta.
DUE Discharging Mid Octoboz -End October
READY
End-October
EASTERN & AUSTRALIAN STEAMSHIP CO., LTD,
SHIP
EASTERN"
LOADS FOR
Sydney & Melbourne
For full particulars apply to
READY
18th October
MACKINNON, MACKENZIE & CO.
Telephone No. 27721-4.
S.S. "SAMMEX" M.V. "SCOTTISH-PRINCE"
PRINCE LINE
Dus from U.S.A. & Shanghai End Oct. MID NOV.
JARDINE, MATHESON & CO., LTD, Chinese Freight Agents-CHEONG FAT CO.
Telephone 20037
SWEDISH EAST ASIATIC CO., LTD.
M.V. NAGARA:: M.V. BENARES M.V. VASAHOLM
M.Y. NAGARA
OUTWARD
discharging Hong Kong 26th October." discharging Hong Kong 2011 November discharging Hong Kong 25th November, HOMEWARD
Loading Hong Kong 10th November,
-Port Said, Marsellies, Antwerp, Rotterdam Copenhagen, Oslo, end Gothenburg.
(Also Genoa for inducement) For further particulars, apply. 10:---
GILMAN & CO... LTD.
Agenta, Telephone 27871