Corinne Calvert Arrives Home
Corinne Calvert, famous French Film actress, after a long absence in Hollywood making pictures, returna home. She was greeted on arriving at Le Bourget by numerous friends with flowers--Express Photo,
Special Coins
Mean Extra Work
For The Mint
In 1985 a special five shilling piece was issued to celebrate the silver jubilee of the accession of George V: today, depending upon its condition, the coin changes hands for between 10s and 12s 6d according to the Financial Times.
In its turn, the Festival of Britain was commemorated by the issue of a special Festival crown; just over 2m. the best pieces were struck. The Festival crowne, in
British tradition of
craftsmanship, were extremely popular, and now change hands for about-12x. 6d.
delay With the pubile, if not with There has been some the
because of connoisseur, the crown in meeting orders; cee struck this year to mark the work involved in producing to be has proved no the sets-cach coin has the Coronation
and packed Jess popular than its predeces- ricuck :eparately,
and the dies need zory. Orders for it have reach in bexes,
ed Um, and it is expected that, continual repolishing-but here despite the dimeulties of pro- again the Mint expects to meet duction, they will be met benli crders before the end of the fore the end of the year.
arxl
has
year.
THE CHINA MAIL, FRIDAY, DECEMBER -11, 1953.
TRADE and COMMERCE SECTION
Page
Japanese Goods Are GRAINS IN New York Stock
Subject Of New Trade Patterns
London, Dec. 10.
Japanese goods are the subject of a number of new triangular trade patterns that have recently appeared on the world scene. The object, from Japan's point of view, is to achieve an overall payments balance in the most profitable
manner.
Japan is long of dollars and short of almost every other currency. The obvious solution is to buy needed currencies for dollars, but it is more profitable to use the dollars for merchanting US goods, as the British Treasury discovered a year ago when it liquidated its deficit with the European Payments Union by allowing UK merchants to sell dollar commodities to Europe. In that case ten days of freedom was sufficient to reverse Britain's debtor position.
HONGKONG SHARE MARKET
(From Our Correspondent)
Business done on the Stock Exchange this morning amounted to $407,230,30, Neon quotations and the morning's transactions: SHARES BUYERS SELLERS SALES
BANKS
.. 1300 101a
IK Dank INSURANCE78
Lombard
Unlan ****
Underwriters
SHIPPING
Asta Nav... 1.36
DOCKS, ETC.
Dock
Provident
(Old)
Provident
[New]
•
200 033
2000 * 1273 500 3.15
6.20
21.20 21,60
32.70 12:00
11:00 1220
Whenlock XD 8.15 8.50 5000
LAND. ETC.
HK Hotel.. 8.30 0.40 2000 F 1,30 2000 8.30 HK Lend..
.74 Realty XD
--
There are still some markets where dollar goods will fetch a premium if they can be pur- chased without dollars.
Japan is offering dollar goods to Germany to settle her defielt on the Japanese-German eldar- ing.
Newsprint ramie, soybeans and raw hides are being offered now, und copra, copra oil cakes, and Manila hemp will be offered later.
NEW YORK
FOREIGN
EXCHANGE
An agreement between the Canada (dollar)
Closing ratex Dec
+
West German and Japanese | England-official
unomictal Governments permits up to 5
30-day future.. million of these triangular con
90-day future tributions to the trade balance Australia (pound) between the two countries.
New Zealand (pound) Similar offerings are reported South Africa (pound)
Denmark (Krone) from Stockholm, where the
France (Crazic) ................ authoritics deny official know- Germany (deutsche markt) ledge of, but are tolerating, im-Holland (guilder) porta of dollar goods from italy-ocial Japan.
But this technique, profitable though it is, hus not sumeed to mop up more than a fraction of Japan's deficits on bilateral oc- counts, and 11 market has developed in "cheap yen."
EUROPEAN CREDITS
Norway, (kronę) Portugal (escudo)
Spain (pesets) sweden. (krona) Switzerland-free
Middle East Egypt (pound) Iran (Mail Iraq (dinar) Turkey (ra), Latin America Argentina-oficjal
The European “holders of Brazil cruzetro) 0.20 credits on Japanese clearing ac- Bolivia boliviano). 600
Chile-offietai. counts are selling them at a 1000 * 8.29
Columbia (peso) discount of 6 per cent to mer-Cuba-omefri chants who use them to acquire Mexiés (peso) Japanese silk which they sell to Peru-free... Uruguay (peso) Exceptional ar- Venezuels (bol(vár) York. New rivals of Japanese silk caused Far East 14 X Riaz 1.00 1.93.1000 @ 1.9215 some weakness in the New York India, trupee)”
silk market recently.
Rta
UTILITIES
Tram
P. Tram (0) Star Ferry
C. Light
I c
500 20.40 1000 2014 100 201
(O) XD 13.40 11.00 1000
Pakistan rupee) Hongkong (dollar)
Those who are accustomed to Indonesia (rupiah) the vigorous efforts of the Bri-Singapore (Stralis detiari
Treasury
asury to stamp out this Japan kind of operation when done in sterling goods will be surprised 13.50 to learn that triangular deals in raw silk or actually being_en- couraged by the Japanese Gov-
nment.
7614 13.40
G. Limit
New! ~XD-10,40 10.00-500 8 10%
1337 - LOX Elcelle
.... 20% 20.70 1000 29.06 Telephone ..2015
100 7 26.60 400 26.60
INDUSTRIALS
Cemmit... 10.00
232 di 20.00 483 a 18.70
Hare STORES, ETC.
Dairy
-10,00 17 ...... 23.0004.30 500
of
If the craftsmanship ot the that de- The work Involved in pro- Royal Mint is such ducing these special commemands for its services exist the
the orative
coming of coins,
over, as well as the world
Is another sp:elmen sets, has been con- sovereigns abroad
the of strained tribute to the prestige siderable,
the British coinage. A recent legat severely the resources
of thecision in Italy declared that Royal Mini. As it is, the Mint
about 10m. coins the unauthorised colning produces
weck. Last year, the sovereigns was unlawful, and every
the decision was based' on the number of coins produced was 480,750,000, the highest output acceptance of the British clair shift that sovereigns are legal tend- for
year's single спе
er in the U.K. working in the Mint's history.
figura It is likely that that will be equalled or surpassed in 1953, while the demands of Coronation year have imposed aditional burdens Mint's resources.
110
100 YEARS AGO
A hundred
Mint
years ago,
about produced
the
ย
The gold coinage in the UK. 1017. ceased to circulate after Today the Mint still strikes certain number of sovereigns, In order, it is explained, that the skill may not be forgotten. In 1949 I was 138,000, and in the financial year 1951-62 many as 750,000 BOverLigns the were minted. The coins ate from bullion brought from the
25л1.
colps a year. By 1890 the figure Bank of England, and they are
was 70m., by 1960, 130m., and then returned to the Bank to bv 1920. 260m. Accompanying jrest in vaults
for from
.30.00
Walan COTTONS
EWO *****
Corp. 63% ANEOUS
.... 6.20
Yangtze
In
An official spokesman Tokyo has forecast that these will continue for some deals lime, because surplus yen ac- counts held by European and olher nations are not expected to be casily diminished.
SILK SHIPMENTS
.There has
weeks in recent been a sharp increase in silk shipments to the Netherlands, Brazil and Sweden, paralleled 1000 at by a decrease in direct ship
ments to New York,
But Japan has yet
to tackle her major currency problem
of sterling.
500 G7
012
The Cotton Markets
AR-QAZA
New York, Dec. 10.
Closing Price Dec. 9
Dec. 10
Bpot
33.8311
35,Gan
the
Le,ember
March 1904
13.17
...33.13-14
May
33.322
39.30
"33.12
October
Witch Doctor's
December
22.49
March 1935
May
32.57b
this great increase in output public's gaze.
has been the development of n
large overtens market for cons
struck in the U.K. The foreign served Include
governments
those of Burma. Jordan, Iraq,
Rica
Nicaragua and Costa
Gustamala.
Last year, in faci, over BU par cint of the bot output toreign was for Colonial and
and the number governments,
of coins struck for home cir
WDS the lowest
-culation
nearly 80 yours.
The new Elizabethan age was Arst lesued como months after the Queen's
ecation. It was introduced two
for
coin-
Curse Beaten
Roboul. New Britain, Dec. 10. Salvage workers boat a witch curse to get an doctor's
£A8,000 (£0.400 estimated sterling) worth of goods from the wreck of the trader' Miri- gini, which last year broke up norks off Manam Island, New Guinen.
19 While the witch, doctor was a present nothing seemed to go inright with the salvage work,
ways. By the normal which he had cursed for some method, as locks of coins in reason of his own; the banks declined, their fresh
July
33,13
$2.36
32.40
32.47n -United Press.
NEW ORLEANS New Orleans, Duc. 10. Closing Prices Deo. 9 Dec. 10
which is shortage
D020
.1450
2395
.2335
OD31
1100
,0020
2.80%
3350
1274
3400
2110
.3045
.1760
.0885
300 yen to US$1
-United Press.
The Rubber
Markets
Singapore,, Dec. 10. The market opened lower, fluctuated mildly thereafter with moderate trade support, Prices: No, I rubber per 1b. Dec. 60-60%
January
OU!- 6016-0031 February No. 2 nbber per lb. Dec. 596-501% No. 3 rubber per ib. Dec. 577-5714 No. 4 rubber per lb. Dec. 844-5474 Bpot rubber unbeled Blanket crope No. 1. pale crepe
08-10 *United Prom.
LONDON MARKET
London, Dec. 10. The rubber market was easier
Trade negotiations with Bri- with No. 1-spot Rss quoted at tain are expected to begin early 17-11/16 perce per ib. Prices: this month, and the signs are No. 1 Res spot
Settlement house torm:
January/March
272-174
..... 1731-1724
that the British Board of Trade January will reject offerings of dollar February goods or cheap yen, and will March Insist that the Japanese sterling Apriun dellelt be settled by payment of July/September dollars to the Bank of England.; General markets, c.lf. basis, ports: -China Mall-Special.
London Exchange
New Yorke Montreal Ameterdam Brumels Orlo Zurich Copenhagen 23493-94 | Parla ******
33.12
XL300
33.39 3248-49-193
Spot Broomber March 1954 May July October December March 1943 May
3291 32.006 2321-24 13.14
32.456
United Press,
34.43 37.430
SAO PAULO-
Sao Paulo, Dec. 10.
Cottons Bfuturis
Stockholm
Lisbon
Hamburg
Blooked lack
December
January
1795-1738 17-2-177 17-18
12-9/16+1/+13/10 17-4-/16-17-11/10 February
2732-1725 Estate
unqualed crepe thick Estate.erepo thin 1914
Unlied FrERE. NEW YORK MAKKET
New York, Déc. 10. Rubber futures today closed to 100 points lower with sales of:85 contracts:
London, Dec. 10.
3.81 3/16-2816/16 85 2.7336-2.7374 10.82-10.0316 140,00-140,10
19.081-109012 12.23-18-201 19.37939"
14/48-14,40 79,80-80,10 11.00-11.8010 400/16-107/13 -
United Preat,
Prices moved lower in com- panty with the primary markets und the continued lack of con→ sumer Inforest in the spot market.
Dealers indicated spot No. 1 Rss at 20 cents a pound. Futures clostags word;
closings, US COMMODITIES Bet.
March MAY July
Cruzeiros per klid:
Σετ
December March 1954
July
May, October
Linquoted 18.00 18.30
18.201 18:30
New York, Drc. 10. Hiveling on firmness in zye atri markets soybeans.commodity
20.35 not
20-50-00
20.80 20.70 20.70 2010 mm. United, Press,
AMSTERDAM MARKET
Amsterdam, Dec. 10. "The rubber: 'market was un- In the United States the average Today moved higher along a wide certain. Prices closed as fol- But the death was reported,price of 10/10 midding cotton at front after a rited start of new coins from the Mint. At and the salvage team bought his the same time,
demands were met by issues
complete, spis
charma Sopik native's head.:!
of the now coins, as well as the
From then on the men, work-
Issued to individuals
incorporating Japanese gas
#ram)
designated... spol-marketa), WAS 1732,DE Rre hurted with news that the Lowa (in guilders per kilo cents per Ib Bales at théad centres US Thelfs Coertzteile20been No. totalled 35,540, bales), United. F: naked no whity "The effect of the No a rubber per jela Jarur hom
imporation of Ccadian rye into No. 3 Tübber ber, kilo Janejos nom. yesterday's tan-cent drop, cover-
petition
cominameravering in improvised diving mills Japanese Bouise Us solera of soybeans on rubber prep Unliad Free
through the bunks, on request marks, army boots with Inaden
soles, and bells carrying honvy metal to keep them under water, want ahead with the salvage job,
Orders for the crown ploce exceed the number of Festival crowns struck in 1991 by some 4m, and the same record de The charm has now been mand has met the hair of the installed in the curlo corner of special acts, which canprise the botto of the salvage skipper, Tuncan
Vale Captain J, H. Evans, i
Mall Special
Japaness Log
Lorkson, Dea
110.
Exchange Rates
sed off.
Bocal
Préss
indo Slam Llosa (per, 190) varVANAŽÍ Singapore, täiteaita),
Indo-China: plastres":[por- 100)
CHICAGO
Chicago, Dec. 10. Prices per bushel in cents;
Closing
Market
New York, Dec. 10, Pacino Land Trust ráð úð·4%1⁄2 Recovery in tobacco stocks points.at.,, one time, in nelive highlighted narrow, irregular Firadim.
stock thatket today, just as Blocks of 10,000 and 11,100 weddingso in the group sfood ditt | shares halped dwell türnover, in a steady market yesterday. reflecting adjustment for
purposes. It closed a point higher at $110,
tnx
Tobacco, which sagged in heavy relling yesterday reflect-
Of 1,318 issues appearing on ing adverse publicity in relation the tape, 450 declined, 308 ad- the effect of smoking on vanced and 209 were unchanged health recovered around with 23 new highs set, 30 new point In most issues, with lows.
155-1543 to
зая-1 15714
1823-14
Wheat, No. 2, rea Apot
Dec. 2004 (1) 26419 (L)'
March
May
July
Price:
20142
200-14 1004-12
Bept.
Corn, No. 2, yellow
Spat
2001
1582
Dec.
March
May
July
Sept.
Ryb
Dec.
March
Oats
Dec.
Marelt
Apot
Jan.
March
MAY
July
Sept.
Barley,
12415-4
12742
7016-12 .00%
demand heavy.
For the market generally, the prices changed very narrow.
Volume amounted to 1,430,000
The New York Stock Ex- change bond volume was at $2,010,000.
· The Amerionn Stock Exchange
shares for the day, compared volume was at $30,000 shares. with
1,410,000 yesterday. Dow Jones closing averages. Boybeans, No. 2, yellow
Renolds Tobacco "B" was the were: '303 nom. dny's most active stock. Ameri-
30132503 can Tobacco, P. Lorillard, Lig-20 Industrials
20 rails 2007 gett & Meyers were among the io UURles 203-204 ten most active Issues, showing 05 stocks 20314-206 130-107 gains ranging to over one point. 40 bonds
Comm. future prica New York four, 200 iba. Back Demand developed for a num- Index
inues. of special
Texas
$13.90 nom-United Presz,
ber
To get it there fast,
I recommend
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-Dee, D. Dec. 10
201.62 279.80
00.00 90.72
SOLTI 32.81
100.0 100.74'
00.00 10.89
107.47 162,09
-Untled Press,
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