MESSAGERIES
PO Box 68. Queen's Bldg.
M
THE CHINA MAIL, FRIDAY, AUGUST 21, 1958.
MARITIMES
Tel: 26851.
Target
For Industry:
Virtual Extinction
M Parity With Output of Dollar
PASSENGER/FREIGHT SERVICE
Cutwards From Ektops "CAMBODGE" ***
Homewards For Europe "VIETNAKI"
"CAMBODGE"
Leaves Martellles
Aug.
Leaven Hongkong
..34 AUR
· Augu
Dhe Hongling Vla 49 Aug.
Aaleun
Due Marcilles Via
14 BOD
salgon Balgun
ZU dept.
via Marseilles to all Mediterrancan & West Africa ports, via Djibouti to Madagascar.
Bulwards From Europe
"COURBEULLES” "AURAY"
"IRAQUADDY"
Humorwarde For Europe
"MEKONG"
"COURSEULLES"
"AURAY"
"IRAQUADDY”
FREICHT SERVICE
i.caver
Ettrape-Salled
· Europe-Salled
Due Hongkong For
Z Hrpt.
29/3 Next.
.Antwerp-1 Hept,
1.raven
12/14 Oct,
Japan Japan Japan
Hongkong
For
- Keetung-28 Ang.
23 AC.
5 Oct.
ct.
#
Nov.
S NOT.
•• Keelung— 4 Oct.
•• Kotlung-30 ......Keelung- 7 Nov.
↑ Saigon, Marseilles, Algiers, Oran, Tanglers, Casablanca, Le Havre, Antwerp, Rotterdam & Dunkirk.
Subject to change without notice.
EVERETT
LINES
EVERETT ORIENT LINE Fast regular freight-refrigerator-passenger service to Koren, Japan, Philippines, Indo- China, Siam, Malaya, Rangoon, Calcutta and Chittagong,
"NOREVERETT”
Arrives Sails
Aug. 21 from_Singapore.. Aug. 22
“REBEVERETT”.
Arrives Sails
for Kobe, Osuits, Napoya & Yukojumu,
Aug. 20 from Manila,
Singapore,
&
-Aug. 20
Jor
Rangoon
(Accepting cargo for transhipment Kobe/usa and Kobe/Okinawa)
Penang. Calcutta.
EVERETT STAR LINE
Fast regular freight—refrigerator-passenger service to Koren, Japan, Philippines, Indo- China, Slam, Malaya, Colombo, Bombay, Karachi and Persian Gulf Ports.
"STAR ARCTURUS”
Arrives Sails
Aug. 25 from Manila.
Aug. 20 for Singapore, Port Swetten-
ham, Penang.
Madras, Colombo, Beinbay, Karachi, Kharramshahr, Basrah Bahrein,
"STAR ALCYONE”
Arrives Sailo
Aug. 25 from Singapore.
Aug. 26 for Naha,
Yokohama,
Nagoya,
&
Kobe,
Shinjlzu
Osako, ¿
(Accepting cargo for transhipment Kobe/Pusan and Kobe/Okinawa)
EVERETT STEAMSHIP CORPORATION S/A Queen's Building, Telophone 31206. Chinese Department: Telephone 28293.
COTTON
MARKET STAGNANT
New York, Aug. 20. Culton futures trading today proved to be the slowest for any session in seven years.
within 2 After see-cawing
the 1st range, seven-point closed net two to seven points higher.
two The
market opened up to off two points.
New Orleans closed up Mirce to Ave points.
The Rubber Markets
London, Aug. 20. The rubber market was' firm but quiet. Prices closed
follows:--
No. 1 RSS spot Settlement
25
105-1096 104-1033
flusiners
10-1914 General market el. basis
1931-1914 No. I nss Estate crepe Aug. thick unquoted Extate crepe Aug. thin 2016
-United Preta.
NEW YORK MARKET
New York, Aug. 20. Rubber futures closed 20 to 36 points lower with sales of 21 contracts. Most of the business
dealers switching uporations on an even basis between Septem- ber and later positions.
Traders doubted whether the -volume equalled Wednesday's in futures represented Intra-
47,500 bales, the smallest for any dull session since Aug. 3. 1940 when transactions tolalled 45.300 bales.
Traders all sides the action
Fair netivity developed in the. remained aloof on spot market in the foresoon, while they watched but afterwards quietude was in securities along witnessed with the holiday in. with fluctuations in grains and the Far East curbing the supply new Incentives of slipments offered. awaited
Nows generally. Crop news was con-
that the Government sidered mostly favourable with will down the largest of
to look for traders beginning
its
rubber plants on Government September 10 was an apparent ward to the next
market Influence. Dealers decision quoted No. 1 RSS at 234 cents not to allow a subsidy on 1953 per pound. Futures prices closed cotton experts received a mixed as follows! interpretation. To some it
cstimate in
Tho
was
disappointing. Others thought September
December
that foreign consumers, who have been holding off en now purchases. might come into the July
23.00 bid
23.04
23.00 bi
20.30 bid
March (1964)
May
23,55 nom. 21.80 nom.
United PrOLE,
market now that the question September
has been decided.
The Commodity Credit Cor-
poration reported entries into
the 1933 loan programme for the London Foreign
week ended Aug. 14 totalled
0,949 bales. The net stock of Joor cotton in
Government
hands was reported at 1,733,002 bales-United Press.
Exchange Rates
New York
Exchange
Montreal AmsterdamA Beula
Bustries was done in the local Zurich
unofficial excharire
STIREK
this | Copenhagen
morning at the following rates
Pari***
V.9. dollar (paq 41)
Sterling noter_(per" #1)
15.04
Lisbon ...
Indonesiane guidors (per 100)
21.00
Deutsche Maric
Stem Kreis per 100)
1.70
Flocked Mark
Singapore (Beralka)
Others
wane
Indo-China: plastros: (per 100
Taba.
Press.
London, Aur. 20,
2.7711-2.78
10.674, -10.877. 140.05-140.16
10.981-10.00 1737123744
00115-002
*14, 1544-34,481
73) 85-89.10 11591-11.0934
740-
unatuan.ged, "United
Of American Workers
Dollar Spending Alarm
London, Aug. 20.
British industry 'could not rest, said Mr T. G. Robinson, the president, at a quarterly meeting of the Glasgow Chamber of Commerce, until output per man reached more closely to parity with that of the United States.
Controllers of businesses had been playing their part; far-sighted labour had been playing theirs; it was not too much to ask that all represen-
Deficits
Notable Development In Europe
Geneva, Aug. 20. The UN Economic. Com- mission for Europe in its quarterly economic bulletin Western Europe in the field published here said that in of trade and payments "the was the virtual extinction, without taking account of Státes aid, of Europe's dollar deficit on current account."