I
t
MESSAGERIES
M
**LA MARSEILLAISE"
"LER GLIERES"
Arriving
MARITIMES
M
Outward For
tesving
Orl. 20
Oct. 21
Yokohama & Kabe
Nov.
R
Nov
Homeward For
23
"LA MARSEILLAISE"
Nov. 2
1341. 24 Nov.
N. Africa & Europe Manila, kalgon &
Marschlies
**OYONNAX"
+"MONKAY"
passengers & freight
Nav " Nov. 23 N. Africa & Europe
t freight for Saigon, Port Said, Tunis, Algiers, Oran, Tangier, Casablanca, Havre, Dunkirk, Antwerp &
Rotterdam.
Bubject To Change Wilhant Notice
CIE DES MESSAGERIES MARITIMES
P.O. Box 58, Hongkong
Queen's Building (gr. floor) Tel. 28651 (3 lines).
M.V. "LA MARSEILLAISE"
12 days roundtrip
to
MANILA and JAPAN
Sailing from Hongkong -Sunday 21st October, 10 P.M. Back in Hongkong
Friday 2nd November, 5 P.M.
CIE DES MESSAGERIES MARITIMES Queen's Bldg.
Tel. 26651 (3 Lines).
S. A. C.
14 THE CHINA MAIL, WEDNESDAY, OCTOBER 10, 1951.
Colonial LARGEST ECAFE New Refinery
Output Of Gold
Free Market Sales May Be Allowed
(Our Own Correspondent) |
on
London, Oct. 9. Negotiations now going between the United the Kingdom Treasury, Colonial Office and Colo- governments are ex- pected to result in a de cision to allow Colonial gold producers to sell part
nist
of their output in the world's free markets.
Tix follows the announce inent that the Internationai Monetary Fund would no longer try to suppress the sale of non- monetary Foul, at premium
prices
Producers in the main gold mining areas of the Colonies- the Gold Coas: Tanganyika am 10 benel expected Fi---are from this decision.
Canada has
ปาล Arst been allow its gold pr country 10 ducers to sell gold in the free markets following the 1.M.F
decision Previously South
Africs had been the only coun- try persafling premium gut! sales under agreement with the IM F
The Governments of Australia and Southern Rhodesia are ex- notted 10 aunounce shortly whether they will permit pru- ducers in the country to sel gold in the free markets,
CONFERENCE
GETS UNDER WAY
Meeting At Singapore
Singapore, Oct. 9.
Sir Franklin Gimson, Governor of Singapore, pointed out to an assembly of economic experis from 28 countries here today that Malaya was con- tinuing to produce rubber and tin in spite of efforts of terrorists to disrupt the country's economy,
Sir Franklin said that despite the Communist efforts, merchants of Singapore had been able to follow their business without danger to their lives and property.
HONGKONG
SHARE MARKET
[Our Own Correspondent?
Business done on the Stock this morning Wax Exchange valued at $674,213. Noon quotations and the morning's transactions: ---
SHARES BUYERS BELLEBS RALEX
BANKS
1515
KK Bank
INSURANCES
Union
245 Underwriters 4.33 4 75 BK Fine
140
DOKS, ETC dolla:
K Whart 100%
Its not yet known whethe any munditions will be attached sales hy to premium gold Colonial producers but in view
the Sterling Area's problem: it is possible that thes
will be sales
permitted-a. they now are in Canada-only against United States dollars
ALASKAN REQUEST
Washington, Ox1, B. The Alaskan delegate to the Congress. E. L. Barlett, said to- he las written to the Secretary of the Treasury, Mr urging thai John Snyder, American miners be allowed to self gold on the free market.-
day
Every TUESDAY is SAC DAY to BANGKOK United Press.
and DIRECT FLIGHT to RANGOON
BANGKOK/PENANG ON WEDNESDAY BANGKOK/RANGOON & CALCUTTA ON FRIDAY
BANGKOK/SAICON ON FRIDAY
For full particulars, please apply:
General Agents:
SOUTH EAST ASIA TRADING CO., (SIAM) LTD.
69 Connaught Road, West.
Peninsula Hotel, Kowloon.
Booking Agents:
Tel: 24292
Tel: 56416
AUW PIT SENG'S TRADING CO., LTD. 10, Pedder Street, Tel: 26733
CHIANG HUAT HONG
340 Queen's Road, West, Tel: 36204
Economic Angle Of
Rearmament Plan
Paris, Oct. 9.
The North Atlantic Pact's economic trouble shooters today elected Mr W. Averell Harriman chairman of a committee to work at dovetailing the economies of the rearming West.
NY Cotton
Futures
New York, Oct. 9. Prices of cotton futures closed today as follows:-
Spot
October
December
March (1952)
May
July
October
December March (1953)
NEW
Bpot
Datober
ORLEANS
December March (1952) A
May
July
October
Desember March (1963)
Jean Mr
Monnet, French economic expert, and Mr Hugh Gaitskell, Chancellor of the British Exchequer, were named Vice-Chairmen. Mr Sigure Niel- sen, of the NATO's permanent secretariat, was
BCCTC-
|tary.
chosen
The committee, named by the full Atlantic Council In their 53.00 nominal recent meeting in Ottawa,
is 37.48 bid 37.10-37.31 trying to devise means of re 37.04-37.03
conelling the burden of rising 37,00-37.02 30.84-38.35 inflation and economic stresses 35.32
in general with mounting de- mands for defence!
38,31 nominat 35.20 United Press.
MARKET
30.35
37.40 let 31.03-57.00 37.02-37.03
37.01 30.01-30.39 25.38 39.30 tid -United Priku."
NEW YORK STOCK EXCHANGE
New York, Oct. 9. Dow Jones averages at the end of the New York Block Exchange
The 12 committee members- all on a ministerial level-will meet here until Thursday, They will turn over their dutlee to a) Ihree-man executive Bureau, expected to consist of Messrs Harriman, Monnet and Geliskell
Suez Shares In Sharp Drop
LOG 101
t
He declared that the trend of
events during the last two years had emphasised the importaner of Asia and the Far East for the security of free world.
For Iraq
Baghdad, Oct. 9.
Ая а result of repent negotiations in London refiners with a capacity of 100,000 tons yearly N to be lastalled near Nasrah to process olt from the Zubair offfields, the Iraqi
Premier, Nouri el Bald. said today.
Rc ld not indicate who would bulid the refinety.
United Press.
ANOTHER
INCREASE
IN WOOL
Sydney. Oct. 9. Wool prices rose here again❘
day of the today--the second
woo) fourth series of Sydney sales.
The rises varied between 10 "From this conference can and 15 per cent above yester ì come,
not only grerter fay's mates which were 15 per
rent higher than values at the! degree of understanding and co- operation between merchants of Newcastle, New South Wales,
but different races
between sales on October 4. merchants ann governments," Sir Franklin said.
come
Tates were
50
In Adelaide, The conference is the first offer cent higher than at the last
sales on September 20. its kind held in southeast Asia and its purpose is to increase Top price ut Sydney today trade between Asian countries. was 100 pence ย pound for The impact of rearmament on Ave bales of greasy merino trade in capital and consumer fleece. Adelaide's top price was goods will also
up for 105 pence a pound for 19 bales discussion
jof comeback. The following
countries are represented the conference. Bidding at both sales was Burma, Cambodia, Ceylon brisk with buyers from Europe, China, Malaya, Singapore, Bri-Japan, the United States, local || tish Borneo territories, Hong- Australian mills and Bradford kong, India, Indonesia, Korea, competing eagerly. Laos, the Philippines, Thailand, Vietnam, the United Kingdom..
Russia. New Arm United States,
Austraila, Canada. cleared. But strike by the
and storemen
Packers Union reduced considerably amount of wool offered.
NP Whart 6.75 0.00 3000 @ 8.89 and
Dock. 38.00 1 100 18.50 Belgium ond Sweden.
Provident Shui Dock Wherlock
LAND, ETC.
1000183
15 500 g 14.80 | 14%
3.50 3.90 35.75 36 1080 @ 30
6.16 1006 M E
54 200 h 53.60 100 or 83.75 34013.
HK Hotel MK Land
M
S'hal Land Humphreys
1.00
11 60
12
UTILITIES
Trani
18.10 10 40 3900 -m 1680 1000 or 2083
It is the largest conferince so fa hed by the ECAFE. A total of 130 delegates and observers from 28 countries, territories and agencies are attending the conference.
RUSSIAN PROPOSAL
As soon as the Arst session was opened for business, the chiel Russian delegate. Mr V. P. Migunou, proposed that repre- the Chinese sentatives of People's Republic and its busi- as repro- ness circles, as well sentatives of Czechoslovakia and
5:25 Poland should be invited to at
8.75 tend the conference.
He said the conference should
6000 6.05 take into account the great im- 231 234 600 @ 23.28
23.50 Portance of trade between China
Peak Tram
10)
2146
Star Ferry
Lon
400 10
100 110
C Light (0)
11
1261 @ 9,05
L (N 5.70
600 3.70
3500
1000
8.80
Light (B) 8N0
2000
0000 @ 8.80
Betrie
Telephoné INDUSTRIALS
Cement
(B) 23.2
1000
500 @ 15
M
<
The
Rope
STORES. ETC
Dairy
INE
14 14.30 400
}19 2 20
17,90
1500 & 10
dustrials
caused early uneasiness other sections of the list, #nal prices were firm. Govern
and leading then bonds
registered
but
wetwor
500 € 18 23.50 1200-09 13
Wing On
bulls
in- slight
de-
(HK)
56
40 # 57
COTTONS
Dwo
9. London, Oct. Suez Canal shares slumpe:t on the Stock Ex- six points change on Tuesday on news of the Egyptian move to denounce the Anglo-Egyption Treaty. The shares closed at 85.
gains.
Egyptian move
Profi-taking by
pressed Gerthan and Japanese
bonds.
Japanese bands
"B" 4 of 1010,
"A" (45. of 1890.
"C" (85. of 1907)
"". of 1934)
"E" 15 of 1934,
Conzola
72
5
110
10
121
851
Aociated Press and United Press
IN PARIS TOO
Paris, Oct. 9 Suez Canal capital shares dropped more than five thou- sand francs at the opening on to- the Paris Stock Exchange
the day as a result of
#n- nouncement that Egypt would treaty with denounce the 1936
Britain.
They fell from 81,000 to 75,600 frantes but recovered somewhat later and closed af 77,400 francs.
The whole market, but particularly internationals, like- wise dropped heavily under the influence of Suez-Reuter,
Ship Company's Stock Split
a
Seattle, Oct. 10. Stockholders' approval of plan to split American Mail Line Ltd. common stock on a four-for-one basis was on- nounced on Tuesday.
President A. R. Lintner said the directors have set. Oct. 31 as the date of the stock split They proposed the split with the idea that it would assist in broadening the market value of the Company.
Stockholders would be advised on fairnein "proċedure-A sociated Press.
This werking party will turn in Schacht Report
its report to the full committee Es offelal name is the Tempor- ary Committee of the North Atlantic Counell-before Drogm-
ber 1
Is work will be completed by late in November Frien "the North Atlantic Padt - Council,
On Indonesia
Djakarta, Cet. 9 Dr Hjalmar Schachty, formerly has been studying Indonesian Hitler's Anancial expert who, epahamle and fadial concl Cinna at the Government's
gether with Loading minuty today handed he report
tai Indonesian Premier Di bacilaining 216 200
3.30
and countries of this region.
When the scting chairman, Mr P. S. Lokanathan, ruled he 14.36 resolution out of order because 500 or 14.10 the matter had been discursed
several timmes
before, is the U.S.S.R Migunou, who representative at Peking, askea 600 10.10 that the chairman's miling be
put to the vote.
The conference decided
The
closed Sydney market tonight with all offerings
3
the
An official report at the close of the Sydney sales said:
"Values showed further advance on yesterday's rates.
wools ruled 10 "Best fleece
than all other per cent dearer descriptions. Fleece and skirt-
ings ruled 15 per cent dearer
with comebacks and crossbreds 10 to 15 per cent up."
Date
In Port
In Port Ποτί
151 Oct. 1005 Oct. 231 m. 241 Chri 30th Ort. 2014 Nov
Ship
"TARMAN"
"VAN HEUTRZ"
PETITWANGI
"TJIBERAR"
"THRODAS”
"TEGELBERE!" *TIMABAK" **TJITHALENGRA "STRAAT
MAKASKAR“
"YAN REUTST "TJIBESAR"
"TJIWANGTM*
11th Oct.
1700
Del.
17th Oct.
#tri Ort.
""TJIBODAS"
22nd Oct.
"TAKMAN"
28th Det
3rd Nev
*(TJIBADĄK”
4th Nov.
"STRAAT
Frotn
Relawan Dell, Penang, singapore & Salzon
Aspan
Kistasker, Java Porie & Singanorë
Ipan
tapan
Jajan
Ava Parts, Macassar
Singaparo
Macassar, Java Parts & Singapara
By Japan
SALL INGR
"TJFJALENGKA"
MAKASSAR"
To
Aingapore, Penang & Belawan Dell Wahl, Sugapore, E. & 8. Africa
&B. America
Slugspora, Java Ports & MACAERET Japan Porte
Salcon
Djakarta, Remajang *
Surabala
Japan Ports
Singapore, Java Potis & MarayesT Maolla, Bingapore. S. Atriva
America
General Agents HOLLAND EAST ASIA LINE
Date
19th Oct.
ARRIVALS
Ship
PARENDSKERK”
Kch 'Nov: "ATLENDSKERK" 2nd week Nav. “KIELDRÈCHT”
16th Oct.
$th Nov.
From
Europe & Singapore 3hpah
Europe Singapara
SAILINGS
To
"ARENDSKERK" Japan via Manfin "ARENDSKERK" Monile, Singapore. &: Parape.
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
A.
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, vis SAN FRANCISCO, LOS A NGELES AND PANAMA,
NEXT SAILINGS
M.S. "PETER MAERSK"
M.S.. "NICOLINE MAERSK”
Oct. 18 Oct. 31
M.S. "SALLY MAERSK”
Nov. 15
ARRIVALS FROM U.S.A.
the to a
M.S. M.S.
"LEXA MAERSK”
Oct. 18
"ANNA MAERSK”
Nov. 18
M.S. "LEISE MAERSK"
Nov, 30
All but 50 of the 13,000 bales sales offered at the Adelaide were cleared. — Reuter.
BRADFORD SHOCKED
Bradford, Oct. 9. Bradford has been distinctly by the steep rise ir shocked wool prices, amounting, in
of fine wool tops, case much as 100 pence per pound weeks toj the past three have
with- virtually drawn from the market.
Mr In
makers
to voc
The rise is attributed to the American stockpiling a non- factor with which accept the chairman's ruling by commercial
Ая the
trade VOO!
poorly 14 votes
(Russia anci to two
and Indonesia. equipped to den!. 749 3.59 Ittdia). Burma
abstained. Only delegates from
Last time vigorous American the 18 member
governinent buying caused raw wool prices! present were allowed
soar and the subsequent -Reuter.
withdrawal from the market
Th caused a sleep decline, current business consists al- most solely in small lots which to be on hand, but contracts for future delivery are few. United Press,
The Rubber
Markets
London, Oct 9.
rubber futures
Prices af closed today as follows:- Number 1 rubber. In cents
per lb.
November
December January/March April/June July/September
(1932)
449-431
4752-4
4224-43 41-419% -United Presa. SINGAPORE MARKET
Singapore, Oct. 9. Prices of rubber futures closed today as follows:- Number 1 rubber, per Jo
October November December Number 2 rubber.
October
Number 3 rubber.
Number 4 rubber,
October
October
Spot rubber, unbaled.
Black crepa
No. 1 pole crepe
Lo
Ship Radio happen
Operators
Walk Out
New York, Oct. 9.
A walk-out of radio operu- tors today is believed to have tied up at least two dozen ships American ports, and the paralysis is spreading, a union spokesman said.
Grain Prices
In Chicago
Chicago, Oct. 9. Prices of grain futures closed today as follows:- An official of the American said ships Ractio Association
Wheat-price per bushel were believed strike-bound at
Spot 15334-264
Went and September ports on the East, 1632-134
December Gulf coasts. 182-15%-%
March (1082 May 148-148-1
Corn SIOL September December Industrial Or March (1952) Congress of ganisation radio operators are My using the threat wide maritime tie-up to spur September Wage Stabilisation Board tion on a wags increase.
He said radio operators were refusing to sign on their ships 148-141-in a new wage agreement. 134%-135-14 1532-154-24
100-110
155-150 -United Preas.
TIN
LONDON
MARKET
London, Oct
The tin market was steady
of a nation-
Wage In Washing:on, the Stabilisation
Board Way ex. pected to consider the case in- volving the CIO American Radle Asociation (ARA) at its meal- ing. on Tuesday.
At ARA spokerman in New- and quiet this morning, Turn-York sild on Monday the tle-up over was 36 tons, none for cash. would involve 00 per cent of Prices closed at the end of the paleidiger and cargo ships the official morning session as on follows:
Spot, tin, buyьIN,
Spot tin Kellers
- Business done at
Three-months tin, buyers
Targatmonths tin, sellers Business done at
-1.01234 1,030
the Pacific. Atlantic and Guit: counts.
The dipule concerns 39 to
July
Oats
For Freight and Further Particulars please apply to:-
AGENTS:
JEBSEN & CO.
Pedder Building
Tel: Nos. 36066-9.
PATTISON ORIENT LINE
LIMITED
Tel: 25846.
Due From:
8. R. "LAURE PATTISON"
In Part
Saitu For
DIRECT to Pusan & ∙14th Japan, Oct,
242 2.4615-5% 2,50% 2.50-2 2.4612-5
180
12-14 Queen'a Rord C.
1.7812-15 1,00%
1.81 1.01
1.81
1.IS.
1.06.
8734-08
EL
July September
New York Bour-per 20 lb. Sack $12.65.-United Press..
Chinese Agents:
OVERSEA CHINESE STEAMSHIP CO., LTD.
48 Bonham Strand W. Tels: 26646, 26127 & 81119
Pacific Far East Line, Inc.
DIRECT
Fast Regular Trans-Pacific Service
50 dollars a month inequity false | SAN FRANCISCO, LOB ANGELES won by the ARA last June fa
24735 Reparate negotiations here and
1015
hange
Rates
OVERLAND NEW YORK-CHICAGO : DETROIT-TOR MONTREAL AND ALL AMERICAN & CAN
DIAN
Press. In San Francisco-Associated Guam, Marines Inlands, Microfiadan Islands Rorular Hervies direct of with
And Olls
Fron