MARITIMES
Toj: 20851.
M
PASSENCER/FREIGHT SERVICE
"FELIX ROUSSEL"
Leaves Marialties .Salled
LA MARSEILLAISE" 7 July
“VIETNAM”
Потаенаная
Hoogkong 10-11
July
24 Ang.
9-16 Aug.
Fot Yokohama Saigon Yokobama
Mabila
17 July
Leaves Hongkong ·
Dne Marseilles
VIA
25 Aug.
17 Aug.
14 Rept.
"FELIX ROUSSEL" .20 July "La MARSEILLAISE” • AUFUN "VIETNAM
22 August 2
Raigon
Salgon
via Marseilles to all Mediterranean & West Afrlen ports. via Djibouti to Madagascar.
QUINANGY
It has been decided to form a non-oporating | group of nine firms, who will tender for large-SILVERSANDAL". scale works in Canada. The St Lawrence is the Homewards
most important of these.
Whether the companies ten- dor individually or in coltaboru- tion will depend on the size and nature of the contracts, but there is no doubt that the St. Lawrence will require group participation if American 'em- petition is to be met.
company
The non-operating will act as a central intelligence or co-ordinating burenu.
The
trompanies which are known to be interested aro Richard Costain, Taylor Wood- row, Sir Lindsay Parkinson and Co., Dunnun LAIK LEA Cu. John Laing and Son, John Howard and Co., Matthew Hall and Co.. Peter Lind' and Co. and Coffin and Co.
DIVERSE ACTIVITIES
British Cotton Agency's Losses
London, June 24. Britain's bulk buying cotton agency, the Raw Cotton Comi- mission, suffered a trading loss of about £25,000,000 in the year ended last August, according to There represent a general cross-sectioni of
United its annual report, the Klugdom constructing industry. The The firms, which are all mem- the Constructional Industries, its in earlier years to meet this bers of the Export Group for reserves accumulated out of pro- coves activities diverse as loss, which it attributed to last railway and bridge buliding to year's worldwide recession in constructional steel work and the textile industry.. building hydro-electric or
LOVE
as
to
At its
Commission
drew
"MEKONG"
ORION"
"MONEAT"
"SILVERSANDAL”
**MEKONG*
FREIGHT SERVICE
Europa -Snited
Hamburg—Bailed
LoRTER
.hrefuzy là Huy
Reader) July
trongkong
1-2 July 19-20 July Hongkong
20-17 June 14 July
1 August
„Keelung-1 August ́ ́R August
For Japan Japan
For
Bagn
† Saigon, Marseilles, Algiers, Oran, Tangiers, Casablancs,
Le Havre, Antwerp, Rotterdam & Dunkirk. Subject to change without notice.
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO
NEW YORK. BOSTON, BALTIMORE & PHILADELPHIA via SAN PRANCISCO, LOS ANGELES AND' PANAMA,
ย NEXT SAILINGS
on
m.v. "HULDA MAERSK” 1.v. "CHASTING MAERSK“ m.y. "TREIN MAERSK"
July 3
July 17
Allg.
ARRIVALS FROM U.S.A.
July
July
July IA
DLY.
"THEIN MAERSK” .. "MAREN MAEJSK"
For Freight und Further Particulars please apply to:-
recession.v. "ELE MAERSK worst, the chemical plants. The bureau
follows the re-reduced the weekly consumption commendations of the Birce of cotton to 51 per cent of the 1931 average, and rendered lulle man tean: which went Chanda carly this year
fint 40 per cent of the spindles in cut what scope there was for Lancashire. British Arms. The team also recommanded that Arms start-
one
It has been reported that a sum of £30m, would be needed to buy equipment, some of it from America.
The Commission's dimculties
the
of
AGENTS:
JERSEN ·
pt
the
Pedder Building.
ing to da work in Canada were intensifled by the political should co-operate with existing Stisis in Egypt, which
time appeared
to threaten Canadian contractors.
which has supply of long staple cotton A major problem
The Lancashire's fine spinners, not yet been resolved is that of Lancashire finance. Tentative discussions events in Egypt had a disturb- throughout have been held in the City, and ing effect on trade
is that suggestion
a the world, and the Commission
that
authorities might be at-warnett revolving credit 38 621⁄2 ranged.
there might And difficulty in restoring Egyptian cotton to its former place.
Budan "The competition and other growths, which have largely replaced Egyptian in Lancashire mills, may prove
the report saki. very severe,"
The Raw Colton Commis sion's
of monopoly
cotton im- has now ended, and porting
mixed replaced by system which allows spinners their oul and do
if they prefer. means that the will no longer accept a Hability to maintain at all times stacks sufficient for the global needs of the in- dustry.
132
8.00
Macao Elec Talephone ..19.30 1919
INDUSTRIALS
Criment ....10.ng Rope
13.00 STORES, ETC.
Dairy
17
2319
11.30 1.20
Meanwhile, discussions have 23.40been taking place, between the Treasury and certain private ilm on the condition and details of Investment in Canada, These are not official or on an
500 10.00
20.40 20.60 000 2014 Watson
24.30 2415 309 24.35 COTTONS
EWD
2.134 Textile Corp. 5.18 512 1000 kr 1.20 MISCELLANEOUS
0.30 Yangtze
1.30 5000 fr
The Rubber Markets
Singapore, June 24. Prices of rubber futures closed today as follows:
Number rubber, per 15,
July
August
September
Number 2 rubber, July Number rubber, July
Number 4 rubber, July difer Spot rubber, unbaled Blanket crepe
No. 1 pale crepe
6032-075 5714-50 70-78
United Press.
LONDON MARKET
organisest basis but prel
minaries to the whole matter.
PRESENT POSITION
The Seaway project self settled. The Recmis far from position now seems to be that President Elsenhower and his Cabinet are anxious that the United States should participate in the International Rapids see- Lion
But Mr St. Laurent, the
Canadian Prime Minister, has now and that it would not bo long before two cannis would be required in the International Rapids section,
The hydro-electric side of tho project looks more promising. and the Both New York Province of Ontario are badly in need of additional electric power.
It
Is proposed to leave this side of the work to the two
themselves, and
States
מם
already been
to contract
importing own
This change Commission
D
The report warned that henceforth mill managements will have to assume this re- sponsibility for themselves, whether they have contracted out or not. Reuter,
Grain Prices
In Chicago
agreement has
Chicago, June 24. Prices of grain futures closed signed on these lines. It will Involve a mammoth generating today as follows.
plant costing each of them London, June 24. The rubber markel was fully
Prices closed steady.
follows!- Number 1 rubber, in pence
per ib. September August
October/December
January/Marcis April/June
& CO.
Tel. Nos. 36066-9
Chinese Freight Booking Office -27, Connaught Road, C.
Tel. 20461
Dates and rotation subject to change without notice. Aborty to proceed via other porta to load/discharge cargo,
EVERETT
LINES
EVERETT ORIENT LINE
Fast regular freight-refrigerator-passenger service to Korea, Japan, Philippines, Indo- China, Slam, Malaya, Rangoon, Calcutta and Chittagong.
"BRADEVERETT”
Arrives Sails
July 10 from Manila. July-17-for--Singapore,Penang,- Rangoon & Calcutta,
"REBEVERETT”
Arrives Salis
July 23 from Singapore.
July 24 for Koba & Yokohama.. (Accepting cargo for transhipment Kobe/Panan and Kobe/Okinawa)
EVERETT STAR LINE
Fast regular freight-refrigerator-passenger service to Korea, Japan, Philippines, Indo- China, Siam, Malaya, Colombo, Bombay, Karachi and Persian Gulf Ports. "STAR BETELGEUSE”
Wheat-price per bushel·
1.2012
1251-
2.00-20
Arrives
Balls
December
ប In the past the Federal Powerspot Commission has been reluctant September
the New York State handle the matter independent-fac ly, but this attitude might be since modified.
President Corn Elsenhower belleves in letting
about $315m.
35
to let
2016-12
2011-12
20-2012
United Press.
NEW YORK MARKET
Prices
New York, Juno 24.
futures
of rubber
possible.
th States do as much of their July
business Own The Financial Times.
closed today 19 to 20 points New York Sugar
30
Futures
Spot September
December
March
May
Rye
July
1.40
Becember Onts
higher with sales of 90 con-
July tracts. In the last hour some
September
Boybeans additional lots were done between dealers' interests. The
Spot New York. June 24.
July late activity was coupled with-
futures" august and General Manager of the that
hedge lifting. No 1 smoked World No. 4 sugar
at
closed unchanged to 3 points September November ribbed beets were quoted can con- groove
24
lower with sales of 245 cents a pound. Prices sume all the leaf tobacco pro- ether higher groove than
tracts. closed as follows: before the Presidential election. country. Last At the moment it is near the duced in this
Domestic No. 6 closed un year Spain imported 9 million bottom of that groove and any
.......
changed to 3 points higher kilos of leat tobacco from the break-out it the down side
677 contracts. futures Philippines.
depressed would be construed seriously.--
Senor Perez, who is also a Reuter.
to tho special commissioner Board of Directors of Tubaça- lera in Barcelona, Spain, will survey general business condi tions with a view to making recommendatons to the head offee for possible expansion of
July September December March May July
24.20 nominal 84.20 nominai
24.00 bid
23.40 bid
with
salts
23.65 nominal Liquidation 23.85 naminəl Following
-United-Press.~*
JAPANESE BONDS
Germany
cents
ΟΙ
the reporta pald 3.53
COTL
January March
that 3.54
in
to a pound for 30,000 tons of Cuban raws, fo.b, com- pared with the recent males, In the world market at 3.55 cents a pound. London, June 24.
Domestle futures ruled steady "A" (41. of 1090)
01 In line with the firmer now closed. as Prices 704
market. 1224 follows:
Pepper Market
the Company's activities in this country. Ho intends
to
New York, June 24. The pressure of Sarawak
Japanese bonds
re-offerings combined with lower
main here several months be- Indian cables accounted for
益
fore returning. to Spain to wesker situation today in the
make his report.
Spain bought about 40 cent of the leaf tobacco
local pepper market.
per, Seliers
oul- down
put of the Philippines before
the war.-United Press.
Copra Quotation
were
quoted, spot material to $1.38 a pound, but sales
of several tone known to have passed at a cent under that figure. Malabar July shipment was off 1 cont at $1.80 a pound but com- peting Sarawak
offerings down 2 to 4 cents
g .pound Copra was quoted today at overnight. Sarawakc for June $185 per short ton, c.lf. the shipment wde indicated at Pacific coast. Cocoonut oll was $1.94, July $1.32 and August 477% {quoted at 14 cents a pound, #1.31 a pound, all on an ex-
nominal-United Press,
dock' basis-United 'Press. · Preis..
+
New York, June 24.
"" (45. of 1910) "C" (ds, of 1907) " (3. of 1924)
(58. of 1030)
Conzols
00% 340
50-7/16
United Press.
Exchange Rates
Contract No. 1 (World) July September
2.07 1.58 bid October
3.79 nominal January March
3.39 bla May July September Spot
Contract No.
Business was done, in the local, July unofficial exchango narkot morning at the following · Tales:-- 18. dollár (per (31)
Th
5.035
Bierling nate, (por £1)
10.70
Indonesian guilders (per 100) 22.00 Blam ticals (per 100)
September November March May July
32.60
September
Singapore leak (per 100) ***
1814 Spot
ric" "plastres._(per 100)
ilted Prome?
0
6.72 norainni
2.64 nominal
2.80
20196-15
New York four-per 200 ib, mock $13.10 nominal----Unked Press.
Stocks Down
In N.Y.
4
volumno
Now York, Juno 24. Stocks registered their first decline in six sessions today. but losses averaged only a few cents share and dwindled. Sales for the day totalled 1,030,000 shore coETI- pared with 1,080,000 yesterday. Selling was particularly heavy in Facile
The entert Oll...
in walls were small with drops of a point to 1024 in Atlantic Coast Line and 15% to 09 in Northern Pacide. Of 1,051 imus tradod. 402 were lower, 247 higher and 302 unchanged.
The New Yor Stock, Ex change, borul volume was $2,- 650,000 and, the American Stock: Exchange volume 320,000 shares--United Press.
Artives galis
June 26 from Takao
June 27 for Singapore, Port Swetten- ham, Madras, Colombo,
Bombay, Karachi, ramshalir, Bastab Bahrein,
July 4 from Singapore.
July +
Khor-
for Kobe & Yokohama.
(Accepting cargo for transhipment Kobe/Pusan and Kobe/Okinawa)
EVERETT STEAMSHIP CORPORATION S/A Quocn's Building, Telophona 31206. Chinoso Department: Telephone 28293.
BUSINESS REGULATION
ORDINANCE 1952
Copies of the prescribed Forms 1(a) 1(b) and 1 (c);
Now On Sale at S. C. M. Post, Ltd. HONGKONG AND KOWLOON
TEN CENTS EACH