THE CHINA' MAIL;- MONDAY, SEPTEMBER 107- 1936,
BUTTERFIELD & SWIRE
CHINA NAVIGATION CO., LTD.
"HUPEN" "SOOCHOW"
"ANKING"
"SIJENGKING" “HANYANG”
SAILINGS TO Teinglas & Tientsin Keelung, Yokohama, Nagoya, Osaka & Kobe .Singapore,
& Belawan iCeelung
Ponang
Yokohama, Nagoya,
Osaka & Koba .Bangkok
5 p.m. 17th Sept
5 p.m. 18th Sept.
3 p.m. 10th Sept.
6 p.m. 10th Sept.
3 p.m. 19th Sept.
"YOCHOW" "HUNAN"
5 p.m. 20th Sept.
5 pm. 22nd Sept.
"FOOCHOW"
"SHENGKING"
Yokohama, Nagoya,
Osaka & Kobe .Keolunt
Tientsin
* Sails from ARRIVALS FROM
5 p.m. 24th Sept. 5.p.m. 24th Sept. Custedfan Wharf.
5 p.m. 17th Sept. 18th Sept.
"SHENGKING" ..
Keelung
"YOCHOW"
Tsingtao
"HUNAN"
Tientsin
"FOOCHOW"
"PRODUCE"
Indonesia & Strálts Indonesia & Bintan
10 a.m. 18th Sept. 20th Sept. 20th Sept
AUSTRALIAN ORIENTAL LINE LTD./CHINA
NAVIGATION CO., LTD. JOINT SERVICE
"YUNNAN"
SAILINGS TO
"CHANGSHA"
.....Japan
23rd Sept.
"TAIPING"
Sydney & Melbourne
Sydney
"CHANGSHA"
Sydney,
Melbourne
& Adelalde
25th Sept. 29th Sept.
14th Oct.
.Australia, Kure
&
Manila
Kure
"YUNNAN"
Japan
"CHANGSHA"
Japan
20th Sept. 22nd/23rd Sepi. 28th Sept. 8th Oct.
"CHANGSHA"
"TAIPING"
ARRIVALS FROM
BLUE FUNNEL LINE
Scheduled Sallings to Europe via Aden & Port Said.
"AUTOLYCUS"
"CLYTONEUS".....N. Africa, London,
"PYRRHUS"
Dublin & Liverpool
24th Sept.
Holland & Ham- burg
Marseilles, Genoa,
Liverpool & Glos- gow ARRIVALS FROM U.K. via Straits
27th Sept.
8th Oct.
27th Sept.
U.K. via Straits
3rd Oct
U.K. via Straits
8th, Oct.
U.K., Rotterdam vla
Straits
15th Oct.
"AGAPENOR"
U.K. via Straits
26th Oct.
"ASTYANAX" "MEMNON" "CALCHAS" "PELEUS"
I
DE LA RAMA LINES
Balling to NEW YORK, BALTIMORE, PHILADELPHIA, vin JAPAN, SAN FRANCISCO, LOS ANGELES & KINGSTON
• "AGAMEMNON"
21st Sept.
Carriers option to proceed vin other porta te load & discharge cargo,
All the above subject to alteration without notice. For Fausage and Freight particulars please apply to
1. CONNAUGHT ROAD. CENTRAL Tel. 30331/8 Private Exchange. BRANCH OFFICE 50 Connaught Rd West. 25875. 32144, 24878
AMERICAN PIONEER LINE
to and from
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the United States and For Eastern Parts
NEW FAST, CARGO· SHIPS
ARRIVALA FROM· ATLANTIC
"PIONEER COVE"
"PIONEER SEA”
PIONEER MAIL"
PIONEER COVE” via Takubar
BAILING TO MANILA
"PIONEER SEA”, vla Keelung, "PIONEER MAIL" via Keelung & Yoko-
karin
.Oct.
.Oct. 6
Oct.
BAILINGS TO NEW YORK, BOSTON, BALTIMORE, PHILADELPHIA via JAPAN & PANAMA CANAL
"PIONEER LAND
Arr. Sept. 30 Sails Oct. 2
"PIONEER COVE!... Art. Oct. 14 Salle Oct.10
"PIONEER, SEA"
“PIONEER, MAIL"
Arr. Oct. 15 Balls Del: 17
FINANCE AND
COMMERCE
WALL STREET BULL Spot wool P&O B.I. E&A
STOCK
MARKET
IS CONFIDENT
Resistance
to Russian rubber deal
Singapore, September 17. Resistance to the export of Malayan rubber to Russia is stiffening in this rubber-rich country since the Korean war started.
་
New York, September 16.
market roared a bollow of
Wall Street bull stock
confidance, this wook.
After stumbling
trading declines
Boston, September 16. Hardly more than a trace of spot woul trading was reported today by tho "Commercial Bulletin."
"That is all the warehouses here afford," the "Bulletin" said, add-
to the business, because Jimited shearing is believed to be already scid."
ling on Monday, the market thrusting that fall wool will add little ahead, for four days running. The advance tacked on more than 2,000 million dollars to the going value of all stocks listed on the ex- change.
hour,
When the market closed on with transactions reported from Friday, prices, as measured by the trading floor. But prices held
stendy and of the fina} the Associated Press average
buyers suddenly whipped up of 60 stocks, were at the high-16t of enthusiam for steel stocks est point since June 1945, and the rest of the market leaned
ahead.
One good shove and the average would be at a peak since 1941.
Friday duplicated. Thursday's market to a large extent, Again The market put on its greatest thousands of shares of stock werd for Rubbermen are beginning to display of strength in the face of dumped into the exchange realise tho potentini damage
sale. a prim news menu. Develop
Again the Leker tapa This time though, being done by their action-sup-ments that might be expected to lagged.
give the market a bad caso plying a vital war material to a
buyers were a trifle more reluc- possible enemy.
indigestion caused no more than tant and pricda were slowly six months,
forced back, During the last
a polite hiccup. they have cashed in on the es sential war product, when the price climbed more than 200 per
cent.
of
Last week-end, for instance. consumer credit controls went back into forec. In a reside chat, President Harry Truman In Penang, a number of rubberlaid if on the line when he told exporters have instituted a self-the nation, what rearitament Imposed ban on sale of rubber would entail, A group in the to Russia for "patriotic reasons." House was trying hard to get an
which excess profits tax on the Inw The island to the North,
- machinery becomes a British passession be-books. Government
In
priorities fore any other area South | for allocations" and East Asia, is noted for its pro- started to grind out directives. British sentiment.
The Penang merchants, some of whom have also stopped accept-
from ing orders
Communtat Chine through Hong Kong, think It is time the Malayan and Bri- Ush governments acted to "stop this farce."
Russon to rubber sales
by Malaya,
which
to pru-
Stocpest rise
Only where mills have been urgent, has there been a gauret of prices," the Bulletin continued.
ần n few such cases, Romel We heard $2.45 cleon recently extreme prices have been paid, for original bag territory and $2.38 clean for good Texas. This week some good length Texas was sold for upward of $2,45 eléán and turnover of blood fledes for as high as 92 cents in the grense.
"Mills have varying licas of values, in accordance with pres- sure of need, and may consider such prices as above out of linc. However, they are actual and ore certainly not high relative to At'a foreign wool values today. sented bid sale in Texas, the childress wool accumulation of about 80.000 pounds was told for $1.11 5-4 in the greast, believe to figure $1,40 clean landed cost here.
TV in demand The effect of news that United Nations forces Kad needssfully landed in force far behind North Korean lines was not immediately apparent on Friday. Some traders Television Issung were In took it the way, some another. 'mand through the day, which gave some clue to the way "Close observers here late this brokers were thinking, but the weak figured slightly more than balarice of the market acted Π
f the 2,000,000 pounds little soggy until late in the day. Spring clip in Texas to be under The trading pattern that contract. Some interests, including
the final hour local State,
"Pulled wools continue to move as production comes into sight, but that is small.
1951
the spontet pind in herkly twee considerably clearer. Pehce stories loent observers in the bred by the
favour. were in
Auto issues end of last week. The clip this joined TV. shares in a-smart rise year is figured around $2,000,000 and the balatice of the market pounds. Lately, bids of 80 to 00 tagged along. When the closing cents for contracts are said to
quata-have been rejected, bell sounded on Friday, tions were slanted upward.
Financial experts, found what seemed to be good reasons for rail
The effect on the rgarket was months on Tuekday. With rall WONG Tekur setting a hat pace, the entire market moved up to equal the 1950 'High:
advance On Wednesday, the
even more power. Sales duces about 75 per cent of world showcy whiżzeti" pist the two rubber, frst stemmed from the
The 100 United States. Public sentiment million share mark
been high was left in the dust of old against the practice has
market. Again the ralls supplied to thrust in front on this country since. figures. growing In
Latest Income reports from the Newspapers have carried letters to the motive power,
showed profit-taking carriers, for one thing. On this effect.
Thursday, And it is the subject sales rolled over the market in a
excellent comparisons with a of daily conversation,
At the opening year earlier in many cases. Ex- Malayn's most influential giant-wave,
panding traffic and Increased Times, thousands of shares of stock were newspaper, the "Straits
tossed into the exchange for sale. efficiency showed up clearly in
profits. also called for chforcement of n
Somo: statements were ubber
Turnover was so fast that for a ban on shipment of
couple of minutes the high speed foxtraordinary, gpod. Associated the Soviet Union,
up Press. ticker tape could not keep
to
It said: "It is to the interests of
of Malaya and the rest South
America East Asia to zelf
ELS much as they can, even perhaps. at the expense of so amiablo a customer as Russia."
Exports to Russia
Malayan rubber exports, to Russia for the first seven months of the year were
46,747 tonn. During last year they totalled 63,414 tono, 1948 103,383 tons and in 1947 36,700 tona,
Trudie
They'll see to it
Bý GEORGE SCHWARTZ
"California now is estimated by some traders to be 05 per cent sold on its 1851 wool. A report elsewhere notes "an all time re- cord, price" for wool in the grease.
"Prices were up generally on the resumption of auctions the first of the week in Australia and markets also showed the enpe further strength. The later turn- over in both Dordinion's reflected erratio changes, but a rather generally strong level, was evi- dently maintained at the close in the Commonwealth markets." Associated Press,
TEA IS A GOLDEN STREAM
New Delhi, September 16. To hard pressed India, tex is a golden stream which the Australian wool producers should be worth-800,000,000 who, as much as any class of pro- rupees in foreign exchange ducers, must be sensible to the this year. fluctuations of fortune. I object That is a lot of money,-the to the modern assumption that the equivalent of $168,000,000-And sum total of Independent Indiv-India needs it badly to buy the dual behaviours must inevitably capital goods it requires for deve
The spectacular rise in wool prices has provoked some disturbing reflections in the tradỡ and industry in Britain, but, for different reasons, it has also croated apprehensions in Australia, Both Britain and the United Stries belleve Russia is stock- the country which ostensibly stands to gain.
all natural rubber pur- used Troin South East Asia. She
most from the development. has a sizeable synthetic industry "There will be money to burn on which' 'to depend
sources in Singapore out-back, Australia is riding for think there will be little opposi-hell or high water on the back of slon generally to legislation re-sheep. She is out on a mad stricting rubber sales to the So-pending spree, and the volees of warning raised by economials and Viet Union. The existing the more responsible Government regulations, or introduce new le pokemon, are scarcely to be
the gislation,
ed by superior wisdom at the made to persuade the West to However, doubts are expressed
provokes the usual centre. Superior wisdom at the drink more ten. whether Indonesia, now
Why centre! Don't start me, response.
Steps taken by the government tontemporary pendent and with an annual pro-
Government do some carious survivor of the 1900-50 to increase overseas sales include duction of around 600,000 tons, doesn't
32
era, on that topic. ing about
Bitter advertising abroad, im will fall in line with any Western thing
Nobody as far as I know has
Another manifestation of inprovement of warehousing In plan to halt Russian rubber pur- chases in this part of the world, considered the possibility that the duvidual behaviour with has In India and the training of Indione Any control involving Malaya sheep farmers and other bene- curred uncritical denunciation, is in finer packing and salesmariclip. dlone would never be effective. ficiaries might do something about the boarding of goods that bus oc- The government afro 1 striving to
· A new factor in the Commu-t. They might behave sensibly. curred in the United States and to make ten more popular within nist race to atockpile war mat- Let us consider this possibility a lesser drial is the sudden appearance of
Malayin rubber. has been moving Behind the ceivable. scenes in Hong Kong and plavčík
indo-eur languagel And well ich must be curbed and correct pushed and every effort is being
Believe;
อ
pre
which nowadays in this world or include exfent in other countries, the country. This avarino-con- That country | lends to be ruled out an iriedh-rushes havé béen CD hinds but this is expected to Red China as a customer for central planning and direction These so-called
My
Australian with acquaintanco
sumption of tea is 120,000,000 out- risa by 40,000,000 pounds this Fight, With the Inevitable demand, year--Anyociated Press.
the Government should do
It. But are
are they
BANK LOAN TO ETHIOPIA
Inrge orders through Singapore shoop farmers is not extensive, something
'deed
being
Phnikum But (circa 191712
30
Hong Kong had normally In- Blow-speaking Individual Now in the Bill red..on the 'eat, i
, in fact, confined to Corporát so Are they in
HK importa .ported 200 tons monthly, June | cann
sumed and not
had been con Washington, September 19
The World Bank, has lent
and July Hong Kong ordered rose éloquence about Plafácia Reynk and be merry for tomorrow | Ethiopia. US$7,000,000 for highway. about 3,500 tons each month. mud was set out in forthright but Rubber trade aburden familiar indisured ferris But they are of we dle principle, there would be rehabilitation and other recons with the requirtiments of Hang the time stock as ourselves and I some justification for denouncing truction purpose
the behaviour as stupid, improvi- The agreement was signed in been put into stock, and is stocks Hent and anti-dial. But it has have beer dispersed to the widest and therefore the safest' matiner, over the country at large,
to
Kong point out the excess way Now most people, imbued, or in
base my judgment on that. i nage, must be finding its way
te-fected if you like with the bour Red China.. Rusale in Sloved to be stepping up prb geels mentality live within their duction In
Manchurian and incomes, and they have a stroke Chinese Industries which she of luck they freak it in the cautious now dominato
manner evidenced by the soldier A total ban on rubber exports who wrote home "Dear Mally to Russia or any of its satellites have been made a inned corporal would release about 10,000 torbut don't move into a better house monthly for non-Communist das yet to
dustries, trade sources estimate, - Sensible, behaviour
However, business would
Think for yourself ・・ I must shy there is something to be said for this, comparett with he attitude which argues "the Government will take over overy:
thing" and ledver it at that
its annual meeting, the Instit Paris where the Bank is bolding ton's headquarters here said
The loan is for 20 years and bears four percent interest.
This is the first loan the World Eahk has made to any station In Africa, It was stated. Associated. Press.
WOOL PRICE The Government, my friends,
Melbourne, September 18. less brisk as in the past, but The Australian farmer is on both known to pile up hugo
A British - buyer on Friday chus be developed to make up tiled to treimself out of this stocks in ports and other vulnerbought three brice of wool for 317. for the loss in trade
w youre good fortune, and the irdas able places, with the result that Stich a ban would have one Neca dot "and I engage will not hey have gone up in Buge ronda Prace a pound, the highest ever salutory effect as far as the take the form of a mad spending
does not hisbaed Teal for wool at an Australian auction.. United States, là concèrnica, FX¥ [sp¢66!"
Government my
The proviolis' high-was: · 210; run to a Blaizònd find sources in the corly years of hos pence a sound try Tasmania in depress red my run to of natural rubber little fo
there are to inities. It uses them Invishly and 1049 Associated Prestres degre mikņus, but if sociated Press,
be diamond rings, holhing could midteriminately, and its colossal do more, desirable than that they white ‚ând” blùngeri: provide
get round some time or melancholy, labour for the "Com
WHEAT Arr. Oct. 27 Salls Oct: 29
For rates, special information çàil
UNITED STATES LINES
· Queen's
MARKET
My Chicago, September 10. Wheat closed to higher
September
December March
Government le assuring people
• bhguias - the Kard-working Wivös | miljjed of: Publid Ascount. James that there will be ample supplies
sheep farmers Again dour
του
1. Woldd bb Way Suvised not Whatever happens. Superior from the few harples who are to absolve yoursel fold Faxe dom at the centre
20 ***. In confusi now of jowalleye and died of bus makenduar Label સ
$2,21
$2304725
they don't operate out-bach, i
28100.
May
September |
$2.3844-35 Whighar
allso that such a
Anual
gment-Sir, in two yours time your over may be rendered mere modraflo
you end
ના હતી
4
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