Page
THE CHINA MAIL, MONDAY, OCTOBER 9, 1950),
BUTTERFIELD & SWIRE
-CHINA NAVIGATION CO., LTD.
MENGKING"
OYANG"
ANYANG" ZECHUEN"
UKIEN
ANKING" UPER" TIENGKIN ROSPER"
OCHOW"
* :
ANYANG"
'KIEN"
KING"
EI"
CHOW"
SAILINGS TO
Keelung Tientsin
Bangkok Singaporn & Penang Kobe & Yokohama. Kobe & Yokohama . Tsingtao Krclang S'pore, Djakarta &
· Macassar
Tientsin
* Salla from
ARRIVALS FROM Kobe Indonesia & Bintan Singapore
Tientsin & Thingtao Bangkok
ENGKING" .hatlung
9 a.m. 10th Oct.* 0.30 a.m. 10th Oct."
a.m. 12th Oct.
10 a.m. 12th Oct. 3 p.m. 12th Oct. 5 p.m. 12th Oct. 5.p.m. 13th Oct. 5 p.m. 10th Oct.*
3 p.m. 16th Oct.
5 p.m. 17th Oct." Custodian Wharf.
6 p.m. 8th Oct. 4 p. 8th Oct.
7 a.m. 8th Oct. 9th Oct. a.m. 13th Oct. 14th 15th Oct,
USTRALIAN ORIENTAL LINE LTD./CHINA
NAVIGATION CO., LTD. JOINT SERVICE
SAILINGS TO
Melbourne
1
NNAN" ANGSIA"
..Sydney
4 p.m. 12th Oct,
Sydney, Adelaide &
ANGTE"
.Japun
22nd Oct. 10th Nov.
ARRIVALS FROM
NNAN"
Kobe
In Port
ANGSHA"
Kobe
ANGTE"
10th Oct. 6th Nov.
Australia & Manila
BLUE FUNNEL LINE
Scheduled Sailings to Europe via Port Said
JEMNON"
Scheduled Sailings from Europe.
FINANCE AND COMMERCE
INCREASED DEMAND
New York Stock Exchange
New York, October 7. The stock Inaricet moved higher with radio-television the first Saturday shares in after the four months' suinmer
recess.
The upswing carried gains to bs much as two dollars a share In this electronics group. but prof taking cut back the ex- treme advances throughout the 1st before the close.
Shares traded during the short Motors, session totalted 970,000. steels and rails moved up at the opening when there was a rush of overnight orders.
FOR STERLING
Sonar, Octobre 7. London, October 17.
The prestige of the pound storling, at, a low abb before, devaluation, last, September, has risen, on the world's money markets, and many financiers abroad aro, buying storling in the belief that it will be revalued.
Reuter reports from Paris, Brussels, Geneva,.. the
Hague, and New York today confirmed an increasing demand for sterling, based on, the, fact that its actual market value is beginning to outstrip the official exchange rate.
.
+...!!
BIGGEST PIPELINE COMPLETED
Beirut: October:7. The world's biggest oil pipe- line has been completed and how is being, filled with oil, trade sources sald today.
The 1,068 inile line runs from the rich American owned oll fields on the Persian Gulf in Saudi Arabla to the ancient town of Sidon on the Mediter randan coast. It was built to eliminate a 7,000 mile tanker hai through the Suez Canal.
Trans-Arabian Pipeline
Com-
pany which will operate the line France: Financiers are con- lity of revaluation, and there is for Arabian Ainerican Oil Com-
a donsiderable demand for ster.pany, has mada no oftéláln fident that the pound will be:
ling In the normal money nouncement of its completion. revalued soon, irrespective of
markat,
But reliable sources said East- official denials. Forward deal-
United Sintes: Revaluation ren and Western segments of the money ings on the official
ports this week caused a tremen-line were joined in Hashemite. market were made above the dous sterling buying apree.
Withput Jordan, two weeks ago They were supported by the fanfare or ceremony. official exchange rate for the first time this week, and black-freeing of the Canadian dollar
are now at and by semi-oMcial statements These sources add that with the market transfers
that "free convertibility of foreign completion of pumping stations, the official rate,
start loading exchange must be considered a de- It is expected to London financial eireles believe finite near-term possibility" now tunkers anchored off Sidon with- Higher were Philco, Emerson, that the improvement in Britain's that the Bnancial conditions in in two months,
Bocing.
Montgomery gold and dollar reserves and the Western Europe had improved so Motorola, Ward, U.S.
boom Rubber, Chrysler, price
in sterling raw much, Republic
This boom has ended for the Slee), International materials would justify n revalua- Telephone, Kennécott Copper,tion of the pound.
present, but foreign exchange ex- American Woollen, Dupont,
Switzerland: Swiss financlers perts
that speculation Pepsicola, and American Tobacca are now regarding sterling as one buying could occur at any time.
Dnw Jones averages: Stocks of the world's stronger currencies. Reitter. 83.00; 20 Industrials 231.81; 15 They are buying sterling because Rails 69.72; 10 Utilities 40.78, they believe the official rate to be too low and expect a revaluation some time in the future.
Closing quoļations: Adams Express American Can
ed with Britain
of
belleve
A blow to
speculators
Sydney, October 7 Australia's decision
nol.to rumours of sterling revaluation, revalue her pound, announced despite scepticism in the big by the Prime Minister, Mr. banking houses, Businesses link-Menzies, on Friday, is a body
are covering blow to exchange speculators. themselves against the possibi. Millions of pounds have been sent into Australia in recent weeks in anticipation of an in- crease in the value of Australia's pound, which would give up to 25 per cent profit.
Liverpool & Glasgow via Manila
YRRHUŞ”'..Genoa, Marsellies, Liverpool &
Glasgow
9th Oct.
12th Oct.
2341
.104%
Smelting
65
Belgium: Bourse operators de- seribe the blackmarket rate sterling as "rm and stendily
ISTYANAX Tangier, Casablanca, Dublin &
Liverpool
25th Oct.
Telephone
151
rising".
"
Tobacco
651⁄4
ALCHAS" ..London, Holland & Hamburg ..
27th Oct.
Waterworks
9
Holland: Banking and business strongly to have reacted
Anaconda Copper Aviation Corp,
355
0%
Sails Liverpool. Sails Rotterdam Arrives H.K.
Boldwin Locomotives
137%
Bendix Aviation ·
4844
"MEMNON"
29 Aug.
In Port
Bethlehem Steel
4414
Boeing Aircraft
3634
"CALCHAS”
4 Sept.
12 Oct..
Borden Co.
51
"PELEUS"
13 Sept.
17 Sept.
15 Oct.
Canadian Pacific
20
SOCCER INT'L
26 Oct.
Case J. 1,
53
2 Nov.
Chrysler
8374
8 Nov.
15 Nov.
Colgate Solvent
45%%
197
25 Nov.
Corn Products
67%
Du Pont
82
Eastman Kodak
40
General Electric
4314
Goodrich
113
6214
Homestake, Minkig
30
31
'AGAPENOR" 21 Sept.
'ANCIISES"
FAENEAS"
28 Sept. 4 Oct.
"PATROCLUS" 13 Oct.
17 Oct.
"AUTOMEDON" 21 Oct.
1
G, Loading Glasgow before Liverpool.
S. Loading Swansea before Liverpool.
DE LA RAMA LINES
Sailing to NEW YORK, BALTIMORE, PHILADELPHIA, vin JAPAN, SAN FRANCISCO, LOS ANGELES & CRISTOBAL
NDAMAN"
ARRIVING VIA
.14th Oct.
NILA frem U.S. ATLANTIC & PACIFIC COAST PORTS
ALLAND"
NA ANICEIA”
.14th Oct.
19th Oct.
Carriers option to proceed via other porta to
loud & discharge carge: -
All the abovo. subject to alteration without notice. For Passago and reight particulars please apply to
CONNAUGHT ROAD CENTRAL Tel: 30331/8 Private Exchange.
BRANCH OFFICE 50 Connaught Rd. Wast. 25875, 32144, 24878.
AMERICAN PIONEER LINE
to and from
Atlantic Coast Ports of
the United States and For Eastern Ports
NEW FAST CARGO SHIPS.
ARRIVALS FROM ATLANTIC
#PIONEER SEA"
#PIONEER TIDF" ··
.Oct. 11 Nov. 1
~“PIONEER, DALE"
Nov. 10
SAILING TO MANILA
Oct. 12
"TIONEER SEA" via Keelung
"PIONEER
SAILINGS" TO NEW YORK, BOSTON, BALTIMORE, PIHLADELPHIA VI JAPAN & PANAMA CANAL
Art. Oct. 24 Sally Dět. 20 Art. 08. 20 Salls Oct. 28 PMEGAI. Oct. 20 Salls: Oct,
Arr. Nov. 10 Balls Nov. 12
rates, spécial information
UNITED STATES LINE S
Goodyear
International Harvester
Paper...
Tel & Tel
Johns Manville Kennecott Copper Montgomery Ward National Distillers
Lead
New York Central Packard Motors
Pan American Air Pennsylvania RI Radio Corp..... Remington Rand Republic Steel Reynolds Tobacco Schenley
Sears Roebuck Shell Oil
Socony Vacuum Southern Pacifie Standard Brands
Oil of Calif. Oil of N. J;
Studebaker Union Bag
Carbide
US Rubber
#Steel
in Lines Westinghouse
England never impressed as a good side
Today, the speculators' problem is to get the money out of Aus-
The American-bullt line cost estimated $250,000,000 and took 323,000 tons of steel,
an
It taps one of the world'%' greatest of fields, now producing at record rates. Associated
Press,
PASSED TO YOU
Learle Constantine, the famous West Indian cricketer gives his carliest recollections of cricket.
His father, a very keen eri- cketer, believed the game to be a means of expressing character and Constantine himself considers it an excellent study in psycho- logy. The Constantinos hud motto "If you're not going to do a thing well don't attempt it This meant that when Learic and his brothers took up cricket they had to take it seriously and
play it really well. They know that they their ears would be boxed
could
д
K
tralia through a fight Governantenes and practised o
ment exchange control.
Finance editor W. J. Jackson of the "Daily Telegraph" saki 300,000.000 pounds
that
They
came into this", dominion in the: past four years in anticipation of depreciation of sterling or dp
of the Australian preciation
throw open knives to each other their hands. without hurting
tonic Their mother's best cha Australian
place of
The ball, a cricket. Eitchen, set slightly, apart fram ached by the rest of the house, was IC- fight of steps: and a
passage. There ven in the family and were seven in The Cabinet's decision not to when meals were finished
Belfast, October 7. England today won the first 40% 14home soccer International of 47 the season here, defeating Ire-pound. 05% land by four goals to one
after leading by 1-0 at half-evalue the pound came after hi Lenrie's brother would stand on
60
20% time.
51
102
434
A crowd of 50,000 at Windsor Park watched England, in ideal conditions, clinch the game in the second half after the Irish defence had
on tenaciously to the interval 10
stubborn defence by While a
long argument within the coali- tion Cabinet.
Australians generally believe Mr. Menzies was telling the truth when he said "no change is to be made in the exchange rate.".
There is virtually no sugges- on that the statement might be 414 the Irish halves and backs broke a camouflage to discourage more 35% up the cultured football of Eng-apeculation.
20
19
13%
62
24
39% and i
the first half, England The decision was criticised by pro Government newspapers 523% never impressed as a Ertore the
intery side,
Stanley which have been urging oppre- Matthews
left without Mr. Menzies 613% opportunity to show his Wizardry understood to favzius himself was England's forwards played tooth the value of the pound to cut 70% close and the Irish goalkeeper, the costs of imports, but the 88% Kelly, had an easy time.
2244
the kitchen steps while, he stood in the dining-room
and thru down all the plates and crockery for trashing up. "I don't re member we ever dropped any" he said reflectively.
"Only a few years ago this brother visited England and cario and he toured the Lakó District by motor coach,
rondaido stopped far meal at a cafe and when they had finished
They
of
fored to help with the Washing
and
Leario
carle stood at the table
went to the ..his brother kitchen door and started to spin country party bitterly opposed it. the tea things over to him. The Wir Mannion tried his best Mr. Menzies' Liberals do not manageress of the cafe mest outright majority in died of heart failure" and the to put punch into the attack, lave an but was not given much scope Parliament and are joined with other passengers in the coach
36
36%
47
52
by McMichael, the Irish
40%
101%
334
Youngstown Sheet & Tube .106
Gan, Pub, Utilities
Associated Press.
LOAN TO IRAN
17%
left the Country Party in an anti-were helpless with laughter, but
half-back, and it was Bobby Labour Coalition Government.old habits held and
Langton, the Bolton outside Associated Press,
left, who spearheaded the at- tack.
England were more composed after the interval, but spoiled many attacks by poor finishing. Mannion improved and he and Langton harried the Irish defence continually, but Jack Lee, Eng- The Export Import Bank island's new centre-forward, was reported to be putting the final well held by the Irish captain, touches on a $25,000,000 loan Jack Vernon, who was supreme
at centre half, to' Iran.
Washington, October 7.
Omelals looked for a formal announcement within a few days
Russia is negotiating for a new trade agreement with its oll Fich
Southern neighbour, which also is due for completion shortly. If the long penting American loan is announced first, diplomats hope. Moscow's recent efforts to wob the Iranians will suffer à setback.
Associated Press.
Ireland were slow in compart son and failed to accept several good chances.
at
Billy Wright, the England cap- Lain, played a grand game right-holf, and Johnny Arton was very sound at left-back,
...
Ror Ireland, McMichael had #fihe game agalhit England's right wing and Gallophy "was Brilliant at right-back. MeMor- rah, the dentre-forward, tnd the attack well.
NOTICE TO CONSIGNEES
#18.5."'"SINDHANA”. GENERAL, AVERAGE
minutes, and after. McMorran had Owing to the grounding of bred for Ireland Ave minutes m.5. "SIRDHANA” in Penang. Jater, Wright and Bally got two
#tantines never dropped a thing:
P&O B.I. E&A
COMPANIES
PENINSULAR & ORIENTAL S.N. CO.
PASSENGER/FREIGHT SERVICE
OUTWARDS *CORFUR "CANTON "CHUBAN
LEAVES LONDON
'Ballod
19th October
7th November
DUE HONGEUNG
#ted October
Toth. Novrbiber
6th Decembarg
Via. Southampton, Port Bald. Aden. Bombay, Colombo, Penang á
HOMEWARDS
***CORVUS
A. "CANTON
. "CHUBAN
4. “CARTHAGE"
*.*. "CORPU"
. "CANTON"
*M. “CHUSAN”
Gingapore.
LEAVES "HONGKONG
87th Outcber
Bird November : Bih December
22nd December
19th Jannery
∙16th February
20th February
DUK LONDON
17th November
24th December
6th January
fed January
10th FebruaTY
10th March
24th March
• Disembarks pakiltigers Bakthampton on rd December. Accepting cargo for Bingapore, Penang, Colombo, Bombay, Adeny Fort Bald · London,
OUTWARDS M. “ÁÐUDAN" B. "BURAT HOMEWARDS HILLONGH m.. "SOUDAN"
FREIGHT SERVICE
BUE BONGKONG Zard October
16th November
FROM London & Continent
LEAVES TIONGKONG
10th October
→ 2014 November
FOR
London & Continent,
Accepting Cargo for Singapore. Part Swettenham, Penang, Colom bo, Aden, Port Bald, Genos, Marseilles, London, Hamburg, Ant- werp & Botterdam, With liberty to call at Bombay inducement
offers.
TANKS AVAILABLE FOR CARRIAGE OF OIL IN DULE BPACE FUR REFRIGERATED CARGO, LIMITED PASSENGER - ACCOMMODATIGNIA DIA
BRITISH INDIA S.N. CO., LTD.
** "TAMEA"
.
*ma. "BANGÓLÁ”
-due 17th Oct.
Path 20ih det
due 2 Get.
mail. 29th Oct.
from Calcutta, Runguon
Stralla,
for Japan.
from Calenitn. Rangoon via Straits, for Japan.
• There ships bare Befrigerated Cargo IDAON.
P. & O./B.I. JOINT SERVICE
"ATLANTIC SEA"
* "ITOLA"
1. "BHAILA”
flur 10th Oct, mal 14th Det.
In rort
An 11th Oct,
'due 19th Oct. alle 20th OcL.
Medras,
from Japan. for Straits, Colombo, Bombay, Kara. chi & Persian Gulf, from Peralun Gul A
Karachi, Dember, Colom
bo, Nadras
for Japan,
from Japan,
for
Straits,
Bursite.
Madras,
Colombo, Bombay, Kara el & Përplas Golf,
EASTERN & AUSTRALIAN S.S. CO., LTD.
** "NELLORE
"NANKING
"
In port
Aail, Brth Nov, for Rabeut, Brisbane, Ardowy, Port Kembla Melbourne, Adelaide Frubatle,
* 23rd Nov. for Australian Perta via
-Port Moresby,
All vessels have liberty to call at any ports on or off the route, and the routes and sailings are subject to change or amendment with or without notice.
For full particulars apply to MACKINNON, MACKENZIE & CO.
Telephone Nos-27721-4.
There is
HITLER DISAPPOINTED Still time
IN FRANCO SPAIN
Washington, October
new batch of captured Nazi documents,
cd today show that Hitler mot disappo
shelp. in spending about. US$200,000,000 Generalissimo Francisco Fronto, seizo Spain. Records from German Foreign Office files provide fresh evidence that the Fuehrer, and Field Marshal. Herman Goering gave Nazi did in an attempt to get control of the Spanish cop- per and iron mines for Germany.
Ireland missed two good Hitler later complained of dor Legion which fought for
Franco. chances before Bally opened” the
Franco's ingratitude, scoring for England two minutes
her (inkl. b) for the Spadith war before the interval. Lee hended The records indicated that FAS-Count Ciano sald Italy found England's second goal after as Cist. Italy's role in the Spanish Totaled 1,000 pinnes, 6,000 dead
Civil War was even contiler:
hand11,000,000,000 TO Russin, according to Soviet
sociated Press. that of the Axls in try ing to keep the Republican (gov- ernment In power, supplying bp-- of a type hind-the-scenes support of a
that In
and
harbour bithe 10th Septem: - England goals In the last fivo Purable, made un effort.com:
ber, 1950, when certain minules
teams were:
damage to the ship was hus be Kelly (Southampton), GLAV
tained, General Average hus
been declared,
Mchool Nuddersfeld), Mc- (Newcastle), Blanche- (West hawer. (Barnsloy), Vernon,
All consignees of cargo from Bromwich)
plots of the totalitarian powers are set forth in 810 dBel- captains Cush iménta ediprising the third 'pub- Calcutta: Hangoongbna Pongtis dienavon) Campbell (Fulham), ished selection from the captur by ma. "SÜDHANAJSAIGIACH CTyssum 3. (Blackburn Rovers), ed, trchlycs. All Bear Ulrketly on dordingly, hereby, réðuustoð frá Memorian (Barnsley), Brennan the Spanish Civil War. rubnile ally. Cómplöjtu: Valla, (Fulmim), McKenna, ⠀ (Hudders- tton Corlogfok - sag, sien, Bold
Average 3 Bonds, and s, pay, huangland;" Willams (Wolver-
General
nosíthat, hampton 14% of the CIFT of their goods, “bifore-dollVery: Can (be
EN2IN
Wanddrama),'» Ramsey -Howpur),?: Zaslán Yeštuisi United) Wright
hoster:
They were chosen by British; French--and American? from 400 tons of dres in Gärmány, after diD
e your Holiday JAPAN
to make
ROUND TRIP to
R&DUCED FARES
with no extra charge for: jiving aboard the ship in JAPAN-
ROUND TRIP FARE: HK$500 HK$600
For Particulars Apply to
JARDINE, MATHESON & CO., LTD.
PASSENGER DEPARTMENT-WA
HARBOUR PILOT SERVICE
HONG KONG, TOLO HARBOUR BY PILOT CHEUNG
AY/NIGHT SERVICE