Page
R.I.L.
ROYAL
Date
In Pott
in Port
5th July Kth July 36th July
INTEROCEAN. LINES
Ship
"RUY#"
"THWANGr.
ARRIVALS
TJITJALENGKA"
*VAN HEUT1Z" "RUTS"
From
8. Ameries, 8. Africa, Singapore &
Singapore Mnckisar, Java Poriad Stacatsar, Java Ports & Singapore Belawan Dell, Penang & Singapore Japan
BAILINGS
22nd June
#TUWANGI” "RUYS"
"TJITJALENGKA”
23th June
9th July
nem Jaly
Fath July
"VAN BEUTSZ" *TLEY
Agents:
To
singaparr, Jaya Poris & Macassar Japan
Singapore, Java Porta & Macassar Japan
Manila,
Singapore.
H. Amertra
..
Africa
HOLLAND EAST ASIA LINE
ARRIVALS
Ship
Mid August
"KJELDRECHT" “AAUTERERK" "AAGTEKERK"
Date
11 July
End July
13th July End July MA
August
"KIELDRECHT" "AAGTEKERK" "AAGTEKKIK"
Japan.
From
Europe & Singapore
Japan
SAILINGS
To
Mania, Binkaporę & Europa. Japan Vla Manila Mändla, ingapore & Europe
KINOS BUILDINGSTEDPHONES 20059102210052
V ŠZDINIS ZAGENTSTITEZ FOSSARDI HOA ETADIGA
Changes In Functions Of Dollar Board
London,
Coming changes in the functions of the Dollar Exports Board were referred to by Sir Cecil' Weir, chairman of the board, when he addressed members of the national committee of the Leather, Footwear and Allied Industries Export Corporation, Ltd.; at a luncheon meeting in London.
Sir Cecil said he was leaving his present post towards the end of June, when the board would undergo‘a great change and its executive responsibili-- ties would
be referred, under arrangements being worked out, to the existing national or- ganizations which sponsors.
10
through
WCTU
its
It was right that this should happen. The Dollar Exporta Board in its present form was intended to be a thort-term single-minded body, an adjunct and other bodien,
in this other countries, concerned with the carrying
of the Marshall plan. It was intended and to help the Government ་་ས industry to make us indepen- outside dent of extraordinary economic nid on
the basis of the highest posible volume of trade within the shortest period. He went on to say that it -was never- iritended-to-enilst-ca. a long-term bards the whole power and influence of British organisa- industry in a single tion with a single limited ob Jective ii
Hi the export ield. I still would be, intend- WBN,,
and
ed to emphardse by this unique undertaking the great and con- tinuing importance of the dollar element in our over a trade and the imperative necessity of building up, maintaining, and expanding two-way trade with the New World,
Speaking of the rise In ex- ports to the United States and Canada, he said that he hoped ir kidustries would be allowed
U.S. CUTS
PRICE OF RUBBER
M
THE CHINA MAIL, FRIDAY, JUNE 22, 1961.
Anglo-Iranian
Up Again
London, June 21.
Signs of Iranian hesita- tion in carrying out the proposed seizure of Bri. fish off holdings spurred
in buying
the London Stock Exchange today,
British Government
led bonde
modest rally, closing as much as 5/16 point higher, Stock of Ango - Iranian OIL which holda
Iran the concession, finished 2/04 higher at 105/-.
thio
Leading Industriata liares were In Food demand and mining tarzien closed firm.
The Financial Times' Index: PIEKS
130.9.—Associated
US Enters Car Light
Market
New York, June 21. Two American manufacturers plan to take at least part of the United States market for small automobiles away from foreign makers. One is already in pro- for the duetion. Tooling up other has been completed, and rew cars are expected to ruli from assembly lines soon.
Lag In Buying Power MESSAGERIES
In
Still Noticeable
Russia HONGKONG
Soviet
New York.
Despite rising prices in the United States and the recent lowering of some Soviet prices ordered last March 1, the United States worker still has a far greater purchasing power than the average Soviet worker.
SHARE MARKET
(From Our Correspondent)
Business done on the Stock
This is indicated by a study of the compara-Exchange this morning was tive work times required to purchase various valued at $320,200. Noon prices
and morning's transactions:- foods and manufactured goods.
BEARS GET CONTROL IN
SHARES BUYERA SELLERS SALES BANKS
HK Bank 1410 1420 001410 East Asia .. 100
Soviet propagandists in recent months' have made much of the difference be- INSURANCES tween the United States and
the Soviet Union, stressing
Canton
Union
*IK Fire
that their prices were fal}- ing while those in this coun- DOCKS, ETC.
NY COTTON try were rising.
the
United States' worker, especially since wages as well as prices have risen in this country since the Korean, war broke out.
to
A comparison of what workers New York, June 21.
can buy with their earnings la Cotton market bears today both countries reveals clearly, driving however,
that
disparate go the upper hand, prices down to new lown since price behaviour in both coun Inst December. Mill buying irica. has been inadequate to orders for 5,000 bales in July wipe out the great advantage ct at the close sparked covering the by day traders in other post tions but the rally was not too Imblo crop news, plus Earl Muniz, who rose to fame as "madman Muntz" while ho
continued poor accounts from
Data assembled in this study the dry-goods trade and cast- bought and Hold used
cary
markets. Indicate that the Soviet workers during the war, is turning autness in other outside
buying interest. disadvantage darnpened
is greatest with the Muniz jet at a plant in
Chart readers joined the sell-respect durable consumer Evanston, Illinois, a suburb of
time goods. He must work roughly ing movement Chicago.
The car is а 154-HP, four-passenger club coupe built when October broke below the sixty times as long to buy a
previous
on pocket watch as a United States along the low-slung lines of June. 12, Deflationary sentiment worker, 95 hours and 14 minutes European sports cars. It features
was also 12 factor.
against 1 hour art 39 minutes. a hard top, removable for fair
The market opened three to The ratio le almost 15:1 in the weather driving.
radio and six points
dropped lower,
of a six-tube Lice maximum losses greater than 10:1 for a bicycle, gradually to of 20 to 31 points and closed one higher on July and 16 to
36 MINUTES FOR A KG. OF FISII 17 points lower on other post- tions.
to foods the With regard markedly shorter time a United States worker has to work to carn enough for such purchases is also very clear.
n
Willys-Overland Motors, Inc.. renowned for its jeeps, plans to re-enter the low priced passen- ger car field. The company be:
that
at one
low established
40.06 nominal 44.95
37.00 -37.08 30.89-30.09 30.84-30.89 30.70 nominal
Beves the trend in the next
be few years will
toward
Prices closed here today as smaller, more economical cars. A company spokesman
follows:-- sald
Spot up has been com- July pleted and the
organisation October anticipates no difficulty in get. December ting enough steel to begin pro- March (1957)
pro- May duction. Willys has not made
made aJuly type
essenger October conventional car since before World War II. Decrinber
Muntz plans to capture from.
NEW ORLEANS Loreign manufacturers à por
#
May
is his plant. out 20 to 25 cars
a potential of 4,000 to 5,000 3
and
tion of the American market for small, high-powered autos. Spot Washington, June 21. He estimated 10,000 to 12,000 July
the October The U. S. Government such cars are purchased in
105} December United Stales each year at a March (1952) today cut the price of cost of between $25,000,000 and crude natural rubber from $30,000,000.
July October Muntz stated
December 66 to 52 cents per pound effective on July 1.
turning The U.S. Government is the mont nation's sole importer of rubber,
The Government said the new | year, The car sells for $5,500 price would be effective at least and is designed for the buyer 90 days.--Associated Press.
who wants a luxury vehicle SINGAPORE MARKET
with European lines, he said. Singapore, June 217– Prices of rubber futures clos£d here today as follows:- Number 1 rubber, per tu.
June July August Number 2 rubber, June
152-1524 140-14024
... to quotations
Number 4 rubber, June
135-138
Number 3 rubber, June, 141-142 Spat rubber, unbaled ... 102-104 Black crepe.... No. 1 palé crepe ...
J02-172
United Press, LONDON MARKET
London, June 21. Prices of rubber fùtures closed as follows; Number 1 rubber, in eenis
per 1b. July July/September October/December
to keep it up. When he said January/March
"allowed" he meant not only by conditions here at home but +lso the Americans who, with laudable motives, had brought regulations such as the
the price-
freeze into operation in such a way that, if not modifed quick- ly, they must have a serious de- trimental effect on imports into America and, correspondingly, on the ability of other countries, including our own, to buy and pay for the dollar materials and products they continued to need He hoped that our American friends would see their way quickly to recast these price freeze regulations in such a way as to remove the present uncer- fuinly and its unfortunate effects on enterprise.
|
4614-49 4515-43
432-4455
303-305
36 nomlast United Press,
Wall Street Declines
New York, June 21. Oils shares saggel on the stock market and carried the rest of the market down with them. A slight recovery set In toward the close and lifted the list from the lows but prices closed fractions to over a point lower.
The session marked the fourth consecutive decline of industrial averages, thus wiping out the strong gains recorded toward
New York Sugar the close of last week.
Futures
New York, June 21. World sugar futures closed today eight points lower to eight points higher, with sales totalling 720 contracts.
Contract No. 6 closed three to higher, with sales five points totalling 419 contracts.
July
Contract No. 4 (world)
*............... 0.00 traded
7.99 -8.02 traded |
7.10 ADIKNAT
Beptember
January (1832)
March
MAY
July
Beptember
Boat
July
6.20
0.20
0.21
expired
0.51 bid
5.81-5.83 traded 5.83 nominal 8.83
Beptember
Contract No,
January (1832)
Peptember
March
May
July
The Iranian situation helped Volume lo depress sentiment. was only 1,100,000 shares. Of 1.105 issues traded, 637 declined, 176 advanced and 293 were unchanged, Tyres,
chemicals, steels, and sulphurs turned coppers downward, Utilities held around the
previous. Dow Jones averages at the
end of tre session stood
follows:- .30 Industrials 20 rails 13 utilities
40 bonds
RS
250.43
78.56 42,00
-United Press. “
Copra Quotation
Copra
car
The manufacturer claims the.
can go from a standing start to 80 miles per hour in nine seconds and will travel 18 mlies to a gallon of petrol.- Associated Press.
Weekly Bank Statements
30.30 bid 34,70 uld
MARKET..
34,31 bid -United Pres
Closing rate June 21.
44.90 44.70 bid 30,00
30.00 -36.70
36.84 bld
20.74
30.37
34.70 34.00.. -United Prees.
Japanese Trade Fair
In America
One kilogram (about 2.2 lbs.) with be bought of jish con Thirty-six minutes' work here, on the average, while In the Soviet Union about seven required.
hours aro
225 240 20230 710 716 400 15!
30715
132
JC. Wharf. 7215 34 N. P. Whert Provident...
S'hai Dock 2.10 LAND, ETC.
•
IIK Hotel HK Land 3112 S'hai Land 1/15 Humphreys 0.75
UTILITIES
TYAM ... 111 Star Ferry
50
C. Light (0) 0.08 C. Light (N) Light (1)
·
10
30 @ 11214
GO
4500 4.40
6.10 1000
A
000 € 1.20
JE
2100 5.95
3.00 4.85
1300 or 10
101⁄2 1000 a 10
Electric .... 234 23 Telephone 9.63 INDUSTRIJALS
Cement Ropp
STORES, ETC.
Dalry Watson
L.
13101
12 12 2000 @ 12.10
30 000 ₫ 10 Crawlord 2016 2014
COTTONS
EWO
2.50
Absence Of
Buying On
Grain Market
Chicago, June 21, Chicago grain futures dropped for the fourth consecutive day Ten eggs require_over_four❘ on the absence of export buying hours' Inbour in the Soviel and the overall weakness of the Union
as against twenty-one stock market. Wheat closed minutes' work here.
Meat is more than five times 33 expensive, in terms of work fime, in the Soviet Union as here. The ratio for sugar is over 25:1.
Indicative of the difference in United States and Soviet living standards is the fact that beet In this country is less expensive, In terms of work time, white bread is in the Soviet Union, Soviet lard, in the same terms, is roughly eight times as dear as United States butter.
try,
than
coun-
one lower to % higher,
Prices of grain futures closed
follows:---
Wheat-price per bushel
Spot
July
September
December
March (1042) May
2432
2.4583
2.409
Com Spat
1.703%
Jay September December March (1952) May
nye
1.0814-96
1.07%-5%
1.0014-%
1.04
1,5 bid
1.07
1,77%
2014-16
781%-12
Oats
September
worker's The Soviet
U-1 Seattle, Juno 21.
advantage with respect to July More than 250 buyers from all clothing is as marked as in the September parts of the world conducted case of durable consumer goods,
at the first State of A man's woollen sult is roughly July Washington-Japanese trade fair, fifteen times as expensive in the according to the Managing I Direc- Soviet Union as in
this
New York flour--per 200 lb. Sack, for. Mr John M. Haydon.,
while a cotton dress costs, $12.65-United Press. Mr Haydn said Como 6,000 in terms of work time, about Japanese
had been twenty times products
Ds much in the examined by buyers from every
Soviet Union as in this country. section of the United States, The Soviet worker has to
labour Canadis, Mexico, as well as Ger for about sixty-seven hours, inany, Argentina and Bermuda. well over a full work week, for
A congra General
tele
a pair of shoes but the United Stales worker, can, obtain it by 19,000,000gned by
om the office of S.C. less than four hours' work. Marquat from 338,053,000 A.P. in Tokyo expressed the 37.633.000 pride the Japanese people feel 11 for being invited to participate Unted Press. In the huge show. BANK OF FRANCE
Paris, June 21,
London, June 21. The Bank of England state ment for the week ending June 20 reads as follows:- Notes in eleculation £1,343,407.000 Public deposits
Private deposila
Government securites
Other maurities
Receipia
Bank ratlo
380,937,000
31.035,000
The fair runs through July 3, und a $12,000 display of Japan The Bank of France state-ese fireworks for the public will ment for the week ending June climax the activities on July 4
United Press. 14 reads as follows:- Total gold holdings 101,440,078,928 sight balances abroad 104,883,41260
Advance to currency
stabilisation fund 14,400,000,000 Notes m circulation 1,023,031,248,075 Current Accounts &
deposits
172,507,067,000 -United Press.
COTTON GOODS DULLNESS
New York, June 21, Most of the business in the cation goods market today centred in the re-sale of print cloths. Traders said the current dullaess was due to buyers' in- elination to wait pubileation of now ceiling prices.
The wool goods market was niso quiet, Dealers were con fused by the recent sharp drop In world wool markets,
The rayon ginda trace Inciced feature -Associated Press.
NEW YORK BANK QUOTATIONS
TIN
LONDON
STEADINESS
London, June 21. The tin market closed very steady at the morning sessiork Tumover was 115 tons, all on
forward contracta.
SOVIET REPLY
Pepper Market Turns Easy
New York, Junt 21. The fade-out of buyers brought an easier tone to the black pep.
market although per
actuat business remained email. Sellers
In reply to previous compari- er the sort made above, sono Soviet spokesmen have com- plained that such reckonings indicated $1.88 a pound for spot, on an ex-dock basis, but dealers did not take into account cer- tain differences In the two thought that business could be countries. They have pointed done on a firm bid of 1⁄2 to one
rents in the cento pound lower. to the very low Soviet Union and to the system
of free medical enre)
United States
Bombay shipment offerings Investigators were reported anywhere have in general concluded that between $1.08-1.72 a pound, In- this Soylet rebuttal exaggerates cluding cost and -- freight, with the Importance of theso some business done on the low differences' since the low rent end of the range for prompt is paid for
very crowded quar- ters and medical care is on the shipment. Other dealers under. average well below that avall stood that London interests sold undisclosed amount to the in an able in this country, even in free clinics. Al most, these Continent,-United Press.
of
as
differences would narrow some
900
what the gaps described above,
Dat
G
0323
Prices closed at the end the official morning session follows:-- Spot in, buyers Spot in. sellers... Business done Three-months tin, buyers Three-months tin, sellers Business done at Settlement
DES
but they do, not vitiate the guneral
conclusion *that. the Seeds And Oils
purchasing power of the Soviet 935-500 worker is very far below that of his United States counter-
New York, June 21, United Press.
part,
Prices in the seeds and olla market here closed today un- Simuar comparisons of the changed with the following ex-
Japanese Bonds Soviet purchasing power,"
terms of work time, with teptions: Castor Seed, per long ton, F.Om. Brazilian Port, 2,37
M
"FELIX ROUSSEL" "EPINAL"
•
MARITIMES M
ARRIVALS
from Marseilles from Europa
SAILINGS
PASSENGER/FREIGHT SERVICE
-FELIX ROUSSEL" "LA MARSEILLAISE" "LA MARSEILLAISĖ"
"AURAY"
"GRENOBLE" “OUISTRENAM” "MEKONG"
to Marselllen
to Japan
to Mamelles
FREIGHT SERVICE
23rd June 8th July
24th Jana Dih Adg..
22nd Aug.
¡N. 'Africa -& Europe 19th July .N. Atrics Europe 31st July .N. Africa & Europe 12th Aug .N. Africa & Europe ith Sept. for
·PORT SAID, TUNİS, MARSEILLES, "ALGIERS, "ORAN, TANGIER, CASABLANCA, HAVRE, DUNKIRK, ANTWERP & ROTTERDAM.
CIE DES MESSAGERIES MARITIMES A LÁMITED INCORP ORATED IN FRANCE Queen's Building
Tel. 26651 (Three Lines)
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, via
SAN FRANCISCO, LOS ANGELES AND PANAMA,
NEXT SAILINGS
M.S. "ANNA MAERSK" M.S. "LEISE MAERSK❞ M.S. "GRETE MAERSK"
June 30
July 16 July 30
ARRIVALS FROM U.S.A.
M.S. "GRETE MAERSK”
June 29
M.S. "OLGA MAERSK"
July 19
M.S. "LAURA MAERSK"
Aug. 9
For Freights and Further Particulars please apply to:-
AGENTS:
JEBSEN & CO.
Pedder Building
Tel. Nos. 26601-3.
M.V. "FELIX ROUSSEL"
Will sail for MARSEILLES
Via
MANILA, SAIGON, SINGAPORE, COLOMBO,
DJIBOUTI and PORT-SAID
оп
Sunday the 24th of June 1951 at 11 p.m.
Passengers are requested to board the vessel with their cabin baggage on SUNDAY thẹ 24th of June between 5 p.m. and 7 p.m.
Baggage Room and Hold Baggage will be regis- tered at Kowloon Godown No. 50 (No. 2 Gate Canton Road, Entrance), on FRIDAY the 22nd of June, between 2 p.m. and 4 p.m. and SATURDAY the 23rd of June, between 9 a.m. and NOON Imperatively,
No Baggage will be accepted for registration after this time..
CIE DES MESSAGERIES MARITIMES
A LIMITED INCORPORATED IN FRANCE Queen's Bldg.
Tel: 26651 (8 Lines)..
PATTISON ORIENT LINE
LIMITED
SAILING TO NEW ZEALAND
B.S. “VALLES”. · LOADING · HONGKONG JUNE 24 FOR AUCKLAND & WELLINGTON.
12-14 Queen's Road C.
Tel: 25846,
London, June 21 purchasing power of workers tid. New York peanuts, Virginia. NOTICE TO CONSIGNEES NOTICE TO CONSIGNEES
Japanese bonde
"A" (is, of 1890) *n* tw, of 1010)
În Western Europe have Medium, Pen db. F.O.B, hip- waa similar ping point, 20-21 cerste--United shown
#1
(of 100
"E" 1849, of 1934)||
47 Renerally 41 pattern to that indicated above. Frees.
The gaps, however, have been
because ΠΑΣΤΟΝΕΣ smkUnited Prem New 21.
of
the
standard generally lower
of
040
E.. "MENTON"
1.3. “PELRUS"
Damaged cargo,ex this vessel will Damaged bargo ex this venel will he surveyed by Goddard
Japanese York, Jurau-ving in Western Europe that Exchange Rates Holts where on to be surveyed at Holt's Whatz; he
larly lower in the foreign dollar in the United States...
New York, June 21.; Closing, bank quotations: Bank of
group. Orient Development The price reductions in unontein exchang Now York, June 21.
¡America 20% bid. pal
Other Sosorn off asked. dropped-2...... was quoted nominally | Chase .
at $100 per ton. Dealers In National 30% bid. 38% asked. dicated cocoaunt 'oll' available | National
market
this
aim, on- June-27 and 12, 151, and
Dussieme was done in the toeslonsigness are requested to have 21 and #1, 1991, and consignesa #19)
thair representatives, present during requested to have their représenta the survey,
Lives_prsientTM during; the murVEJ, „BUTTERFIELD -a "AWIEN-
Agents.
a point or more included Japan stituted last Match & la the morning at the following rates
stetima note (per R1) 643 and 448 and Tokyo City Soviet Union left many coming dollarat pre 41186
Consolidated' | modities unchanged in price Indonesia guilders (per 100) FiveR. Electric Powers 0% added and averaged little more than iam fica) (PT) (100).
amgapore. (Sleuths) Aasoolated Prou | 111⁄2-Associated From:
10 per cent for Rems affected | TIC plastres (par 190);
ot 19% ceride'a pound. 'und, City: 44% bid. 40% asked. --United Press. · F.O.B. mill-United Pres
Great
DE DETTENFIELD „A-SWINE,
Agenta. $7,00
K977. Itong Kong, June 11, 481. 18.49
· Hong Kong. Jime:21, 3801.