SHIPPING

THE CHINA MAIL, WEDNESDAY, JANUARY 29, 1958.

TRADE and

COMMERCE SECTION

IDLING SHIPS USED FOR US Steel Common Stock

PLEASURE TRIPS Firms Before Dividend

London.

Shipowners thoughts probably firat turned to the iden of pleasure cruises because of bad times in their normal trades. These forced them to search for other ways of keeping ships employed in the face of the unpleasant and expensive alternative of laying

them up.

good ship and a well-run ship and they rightly regard that os something that can be taken for granted.

Of service, food and enter- fainment, it can be said that ene ship is probably as good as other, mainly because every

The practice han never in- volved the employmeat of moro than part of a company's tonnage in this way--and, ex- cept for three or four vessels, no ship has been speelfically designed or assigned to spend the whole year cruising.

owner British porto Cruising from

tion. been ever, seldom, has reckoned by owners as-money- for their making employment chips.

For diverse and fairly obvious reasons, keeping a ship in commission is always pre- ferable to laying her up.

Laying-up expenses being what they are and running light bath ways on a regular service being costly too, owNCTS that losing often calculate money on cruising is the lesser of the

Further three evils, there mert,

is always chance of breaking even, and the off-chance of making ⇓ little profit.

cruisin In cuntraal, Amerka has for. a long line been

something regarded as

In-

Is alive to the compell- Do the number of ports of call

buyer's gover the prospective decision? Undoubtedly this does

first-timers. For interest stance, if there are two cruises cach lasting fourteen days, and 1ime in going about the same more or less the same direction, and if cruise "A" offers 10 ports call against only eight by cruise "D" the uninitiated will Ir inclined to go for the former on the grounds that "I want to thee all the places I can in the

time."

from

capable of producing positive Owners have always results. schedule their ships on cruises fream Amerien expressly for the purpose of making money, and, In the majority of cases, it is contended they have succeeded, aften handromely.

From a sales apgle, the longer sensitive to cruises are highly

disturbances any Internatium! Along the route. VARIETY

A variety of cruises by ships of many nationalities have been offered to the Amerlenn publie Fome of in post-war years. them long distance, even round the world, but the majority of a shorter duration

three Greek.

no

WILY CUSTOMER

The wily cruise customer, realising that a port every day, or even every other day, can become

will fairly fatiguing, seivel the other cruise knowing srum former experience that Cruising is more than calling at ports and shipboard to self in than half the fun.

mere that the more

Intel 0.

for

Last summer the P. scheduled the Iberia cruise from Southampton to Bermuda calling

only Madeira outwards and Teneriffe homewards, sailing in June', which is theoretically the best month in England, What would have been your guess as to its

Only selling chances? ports spread over 21 days.

Whatever your answer

A

thee

to

Now York, Jan. 28.

U.S. Stect common stock firmed 1-2 point today in advance of its dividend meeting at which directors declared the usual 75-cent payment.

U.S. Steel earned $7.33 a share in 1957 against 6.01 in 1956, the directors

reported after the close of the market.

Steel shares showed little change in the list as Wall Street awaited Big Steel's quarterly report. Copper shares moved up under the lead of Magma which rose more than a point.

Stokely Van Caiap. Sebak Faekurd Corp.

Du Pont rose 2 points, Rails 1Sterling Drug Co. had several Arm spots. Utilities were higher, Tobaccos continued mixed.

by htt

on

Thermold was bolstered word that 11.K. Porter Co. purchased a large block of the stock, including a block of 53,- 000 shares which appeared the ckers late in the day at $14% up a point. Strength in that issue and weakness in Foster Wheeler featured tho market,

So far as the average# were concerned the market Kot nowhere. Utiilies ruled firm while inthetelats and role lost a tiny mite.

Trading was

down around 300,000 shares from yesterday's volume.

Of a total 1,149 issues traded, 438 were higher. 435 lower, 255 unchanged,

New York Stock Exchange vuluipe was 2,030,000 shares.

Now York Stock Exchange volume (bond) was $5,280,000.

American Stock Exchange volume was 350,000 shares.

Closing Prices

Allied Chemicals Allied Mills Lav-

Sunalima Mming

Swift & Co.

Texas Co,

Textron Inc.

Tide Water Assn. Ol

Time : Century Fox Filmi

Twentieth

Union Carbide

Union Oil of Caly

Union Pacific Railway

sang Timited. Alternfl

United Car Corp. 28. Fall" "1**

4

U.S. Gyps U.S. Lite Co. U.S. Rubber

124U.B. Smriting

U.S. Sier

Warner Bros.

24 Weathighrome Electric

Wedern Union Tel. Co. 434Woolworth

-United Press;

NEW YORK NEW YORK

COTTON MARKET

New York, Jan, 28. Cotton futures today opened steady and closed firm. Extreme gains up to 1.40 balo were pared under realis- ing at the close but the 1st still finished with net gains of 18 to 19 points. The market opened off to up 3 points. New Orleans closed 18 points higher. A gradual ascent followed a previous five-day decline which carried the market to a seven

low and weeks

cumulative the bale from

1

RUBBER

MARKET

New York, Jan. 28.

Rox rubber futures today

closed unchanged to 65

HONGKONG STOCK EXCHANGE

Our Own Correspondent

Business done on the Hong- Xum Sinek Exchange this morning at:cunted to approxi-

mately $509,000, Noon quota- tana ond the morning's trand- nellons were:

Sharon Bayers Neutrix BANKS

11K Dank.. 1990

SHIPPING

Balen

27.30

2.ก

Verigh

130

DOCKS, ETC.

1. Wharf

09 3,000 (0.00

121

49.50

300 10

500 & 49

500 60 40 50K 40

41.00 12.30 11.10 11.30

10.40 18.02

22.15

Provident

(0) INI

LAND, ETC. BK Hetel

EIK Land Humphreys Healty RUBBER Amais. TH

UTILITIES

....

"C'13 _ ..... Stle Ferry Yaomati

Telephoto

ט.

500 e 1330 1.00 10.50

- 15.30

11.40 15.9 500

1,40

1.275 1.323

1.20 125

PROTECTION AGAINST

CHEAP

GOODS

Capetown, Jan, 28. The Customs amendment bill, which was read for the first time in the Assembly yesterday, con- tains a provision for the protection of the South African textile industry against cheap goods imported into the Union indirectly through Western Europe and Britain,

An explanatory memorandum on the bill says the Customs Act laye down that an article qualifies as the manufacture of a particular territory If at least 25 per cent of its factory cost by materials is represented

in that Jabour or produced taritory.

Under this provision It has been found, for Instance, that cotton piece goods produced th the East at very low cost are sent to Western countries and Britain where they are further processed and then exported to South Africa, says the memor andum.

LOW COST

Because of the very low 21.1 23.09 1,000 21.30 initial cost of the goods, they easily qualify under Uie 25 per- cent content provision of the as being West 13.60 Customs Act 10.80 European or British with the 1600 results that they can enter the

20.20

20.70 Union indirectly from the East 23.10 at minimum or most favoured 201 a 20.70

nation rales.

A CUT IN DISCOUNT RATE

The

Washington, Jan. 28.

Federal Reserve Board yesterday approved a cut in the discount rate from 3 to 24 per cent for its bank In Boston

and Atlanta.

nine the This brought to number Federal

of

Reserve banks charging 23% per cent on loans to commercial banks. The lower rate was first approved by the Noard last week.

Three other Federal Reserve banks still are charging 3 per cent.

Directors of the Federal Re- serve Banks In S. Francisco The bill gives the Minister have resisted the lower rate. powers on the recommendation Also Bitll charging 3 per cent of the Board of Trade and are reserve banks in Minneapolls industries to put a stop to this and Dallas. Indirect entry of competitive

The 2 per cent rate was ap- Foods by increasing the proved in an attempt to case making borrowing cheaper and stimulate busi-

120

100 95 10093

<'. Light

10 10 10 63

600

1.000

1,600

Kirektle

36 70 26.03

714

4,000

200

300 ₫ 28.00

2030 2045

Cement 25.40

ARTC STORES

204 38.53

100 @ 16.40

500 10.40

115 12:30

MISCELLANEOUS

INVESTMENTS

centage content requirement of credit, specific goods originating ini countries with a low standard tless. of living and wages.

3.75

Sungala

150

paints lower with sales of INDUSTRIALS 25 contracts. Jan: 2020: Mar: 20.30; May: 2033: July: 20.33; Sept: 20.30: Nov: 2820: Dairy 10.30 10.30 Jan: 2513.

Standard contract closed un- changed to 85 points lower with no sales reported.

Jan: 2020 Mar: 2320: May: 20.20: July: 20.20: Sept: 20.20; Nov: 20.50: Jan: 26.30.

Prices remained under pres- of hedge selling. Dixi [season's highs set in early De dropped to new seasonal lows. Spot No. 1 Rss was quoted at 20% cents.

lose of $11 a

sure

AMSTERDAM

cember.

that

30

REVERSAL

All Claimers

25).

Ani. Brake Shoe

American Airline

Traders

Americas Cable & Radiu

Corp

the

Amer. & Foren Power Any Gas & Electric Am. Mach. & Mary,

12

action was attributed to techni-

The rubber market was dull today. Prices closed in guilders found itle In the per ilogram, cir

019 Feb. news to account for the up-follows: ward reversal. Generally

2.18 sellers 2,10 2.13

No. 1 rubber

No. 2 rubber

No.

No.

3 rubber

crepe

very

for un-

American Metai

American Smelling

in one

y car 14

be

50 cruise that heads

American Cyanamid Co.

American Tel & Tel

American Tob. "D" Anaconda Copper Arinco Sinet Anwar

413 cal reasons.

など

Spasmodic furries of buying through commission

19

571%

1717

urders

6014

423,

houses, local operators and the trade found a sold-out market Must of the contrnets came through scale-up realising and 10% hedge selling.

13

9-1/5

Conc. Mixing Ilaldwin-Lima-Ham.

Baltimore & Ohio

251

Deneicial Finance.

Bendix Aviation Corp.

43

Benguet Cona

Bethlehem Steel

30

the In dullness Prolonged textile market and the slow de- cotton curbed mand for spot

Boeing Airplane

38/1

Borden (The) Co,

Burroughs Add Machite

30

Campbell Soup Co.

Canadian Preille 1.

Case W. 15 Co. Cut. Tractor

Cell Corn.

that, it soid very well and very quickly. No doubt encouraged partly by the success of This

venture, and partly by the £100 winter there arc

this coming cruises out of dollar allowance, fewer than 78 New York-34 by British ships, summer the P. and O. is putting cruise lo New is by Dutch, seven by Italian, the Iberia

hours) six Swiss, four York (stop over 35 alx Israeli,

outwards at Madeira Swedish,

three Norwegian and calling

and Bermuda homewards.

But the pubile's fancy A significant feature is that

often not cruises dney: American tonnage

Ships predictable; this market, cater for which do, therefore, are a valu-number of cruises to Scandina- able source of dollars to their vian ports will sell easily while

Allus next year they will be respective countries (assuming the they are not under a log of difficult.

That might

partly convenience").

by European slan-iccounted for by the fact that Prices

of the sur dards are not choap and range people in search from $20-25 per day per person prefer to play safe and minimum on short cruise, and choose up to $150 per day per person south.

There is also the question for the best sulles for some of

whether the majority of people the round-the-world cruises.

While the

American market prefer to travel in a one-class concentrates almost entirely on ship or in a two-class ship,

all In Amerien

cruises winter cruises, the British mar-

the invariably operate as one-class for confines itself kel greater part to summer cruises. (generally first class) but in Colgate-Palmolive to.

divided The reason is that so much England of the tonnage used for winter opinions and in most instances

York is a ship operates as two classes. cruises out of New

When

Cross the Souther in employed

Americans first came out and had about a carrying months

Assuming month to spare before going on across the Atlantic, that tonnage could be made her maiden voyage she operated one-class avaliable, it remains to be seen three cruises whether the Americans would basis and sales teached satura-

tion point in record time. buy short summer cruises--for

cruises from instance,

New "REPEATERS" York up the St Lawrence River to Montreal.

Undoubtedly the harsh wlater of North America conditions

Important factor in Auencing people who can afford the prices to escape to the sun- chine. It is a fact that mild winter weather retards sales for the short distance cruises more than for the long distance ones. To a lessCT extent the wen- ther also hos an influence cruise den and on the European side of the Atlantic.

аго

the

summer

on

there

are

DI #

The Swedish Stella Polaris, of the Clipper Line, is at present the only ship that devotes its entire moto cruising the greater part of the time earning dollars out of America,

Chase Manhat, Dank Caryater Motorn Cluell Peabody

Diamond Matel Co

Douglas Aircraft Dow Chemicals

Dupont de Nemours Easter Airline Fortinan Kodak

El Paso National Gas

SINGAPORE

The market was marked down at the opening on lower over- scas advices and eased further on hedge selling by commission houses.

At lower levels shori-covering steadied the market with good trade demand for forwards.

salt Interest In There was

factories on side- market interest in some direc- towers with 62tions. Other traders

awalted lines. Future closings were: developments No. 1 rubber per ib. Feb. 1-731

Mor. 7834-2015 24% ns well as outcome of the bids No. 2 rubber per 1. Feb. 10% opened on Monday by the gov-

for legislation

Watson ... 1.10 COTTONS

Textile 4.50

10.50

Vibro

Allied

SINGAPORE

STOCKS

Singapore, Jan. 20. Brokers

today quoted following stock prices:

Batu Lintang Rubber Co.

Ltd. Dritish Beren

the

Opening

$1.00

dis

Petroicun Syndicate consolidated Tin Smelters

Ord.

... 20338 Fraser & Neave Ltd. Ord. $2,00 Fraser & Nesve, Lid. 741

cum. pret.

24.04 Gammons (Malaya) Lid 12.20

Shanghai Hongkong da

$2.35

Banking Cury. Hongkong Tin Ltd. Kumpas Ltd. ..... Kuala Kampar Tin c Lunas Rubber Estates 14 Malayan Breweries....... New Scrandah Hubber Co.

$650 Be4d $1.6215 27% O $1.0

734%-739%

12.40

h

1314

44

enunent for the sale of FLV cotton out of the surplus stock Danitet crepe for unrestricted use.

70-70% 08-001

Spot rubber unhaled

Straits Trading

Expectations were for further

No. pale crepe pon.

LONDON

Petaling Tin Ltd. Tafes Hotel 7514-7515 Singapore Cold Storage .. 00+08 801-02

$2.17

12.60

$0.01

$1.74

Nails Steamship

sizable sales, although some

The rubber market was quiet.

United Engineers Ord. Wearne Eron,

$t.21

China Mall

حمد

394 quarters expected the volume to with spot quoted at 22% pence

fall behind the previous totals per B. Prices. beenuse of the recent decline in No, 1 tea spol

open market prices.

23-2 23-21 General markets, et insis, ports:

Estat esepe thin Feb),

2:14-2071

Colominan Carbon Co. Conmerelal Credit

63

Consolidated Edison

022-225.

Continental Oil of Del.

42

Crown Zellerbachi

48

Settlement House Feran :

Cuban Amer, Surar

20% Menth

Volume Open Interest

Diamond Alkult

Feb. Mar

3414

Mark

24.580

107,400

Apr./June

20

May

40,500

302,500

0476

July

35,200

214,000

Jule/Sept. Oct/Bee

07

Oct.

31,500

162,900

139

Die.

13,000

p1,200

Mar.

5,100

$1,500

101

27.300

Jen Fru,

70,400

2016 July

1,500

1,600

Family Finance Corp.

203*

Total

.... 109.000

1.173,100 baler

Firestone Tyre & Rubber Ford Mater

きちゃ

400

NEW YORK

General Electric

today as follows:

U.S. Rubber

May.

252

23

3100-7: July, 34.78; Oct.. 34.00; Dec..

Consumption

รถ

100%

13

21:27

General Foods General Motors

den. Pub. Util. Betty Da Glidden Co.

Heyden Newport Corp lieusuke ninh c Inland Steel Co. Interviiomical Cory, Int'l Budness Muchlies Int Harventer

She is gelting old but, never- | Goodrich (B. P.) Co. the less, succeeds in enjoying atodyear Tyrs remarkably high percentage of The new "repeaters" each year German ship Ariadne, it sho follows the pattern initially ect, will occupy the year cruising either out of German ports o based on Mediterranean porta during the winter.

The number of winter cruises, however and these cruises must, A most important ancillary not be confused with ships all cruisca is the operation and trading on their normal run organisation of shore excursions corrying a considerable number at parts of call,

of passengers on round voyagea

is relatively few, but appears erganising

to be on the increase,

PROGRAMME

The programme cruises from

There is much greater art in these than miny people imagine. Few people realise the complications of tak- ing 600 to 600 people round and

of summer about, say, Naples in a day, some Britain in 1958 by ear, others by coaches, fiming total 43. Of these, 18 will be things so that they do not all operated by the P. and O., aix converge on the same place at the by Royal Mail Lines, seven by same time, producing the requin Clipper Line, and eight by ed number of guides who can Bergen Lino. (from Bergen with talk the required imber of connections from Newcastle).

languages, making feeding ar- New in the field since the war rangements, allowing time for are three seven-day cruises to shopping, and above all ensuring | be run from Southampton to that everybody is back on board Amsterdam, Ostend and Rouen at the required time.

by one of the recently built The organisation of all these Duke class ships normally em- ployed on the Heysham-Belfast nightly service.

things is a good deal more in- tricate than it might room, and with but one major exception, Absentees for the second year owners prefer to rely on ex- from the cruising programme perlenood travel agent to cope are the ships of the Orient Line, with this important ancillary of the reason being that they are cruising.

Internatiorial Nickel

Internationsi Paper

Int'l Tele Tel

John-Manville Co.

Stock Exgre.)

Mission Development

Motorola Inc,

National Cash Reg, "A" National Belry Prod. National Lead

ינו

والله

Prices of cotton futures closed

Spot, 30.15n: Mar.. 34.70:

3302; Mar. 23.78; May, 30.70; July, 32.04.

NEW ORLEANS

Prices of cotton futures closed

today as follows:

The

dek Feb.

2415 United Press.

1025ed

The Government's short-term The explanatory memoranduin borrowing costs 108 fallen says the South African texile sharply following last week's Industries are asiding for this

cut. The 2.202 per cent average protection.

Interest rate ahnounced by the the Treasury yesterday on

weekly offering of 91-day bills muximum rate of duty on goods was interpreted as another sign Exported from Western coun- that it is getting easier and trics, but which in fact originate cheaper to borrow

The bill will enable Government to apply

the

In countries in the East, says United Press,

the memorandum-China Mall

Spedal.

MODŻY

its

Chrysler In LONDON STOCK

Trouble

Detroit, Jan. 28. .Chrysler Corporation told 5,000 workers to go home at noon yesterday and resume regulor shifts on Wednesday at its main Dodge plant in Ham- tramck

The company said some cm- ployees had not kept to uniform produellon operations. An addi- ilonal 4,500 were reported sent home from Chrysler's Detroli plant after $3.02.

some led walked Special.

out in another dispute.

The United

New York Sugar Market

MARKET

London, Jan. 28. The stock market was easter and quiet today on recession talk and tears of approaching labour troubles.

Gilt-edged securities opened lower but recovered" slightly, closing irregular,

Blue chip industrials cased. fractionally. Stect shares drifted lower.

Textile, tobacco and brewery Issues all were weak.

dis- most

Except for a flrm tone played by Royal Dutch Automobile oils ended the session fraction- Workers Union has authorised ally lower. a strike at Dodge plant after | mid-night

Malt Special.

Foreign bonds were mostly tomorrow. Chinnquiet and unchanged.

London Foreign Exchange

New York, Jan. 28. World No. 4 sugar futures:

clused today unchanged to one point higher with!

Closing rates were: sales of 92 contracts. New York The domestle No. 8 contract Montreal

Brusseln

closed unchanged to 3 points Frankfurt lower with sales of 213 con- tilan tracts,

Washington, Jan. 28. Trade and commission house Commerce Department | Interests were on both sides of reported today that preliminary the world contract in restricted

stowed that

awaited new #gures

United way while they States new ubber ecnsumption raw market developments. Spol. 34 20: Mar, 34.75; May. 319:in December, 1957, amounted to Easier tendency in the dom~ July 34.70; Oot.. 34.00; Dec. 24.90;

kang tans compared the contract reflected the lower Mar. 2370: May. 3370: July, 32.04.

119,218 tons In November, 1957, aw market. and 117,300 ions in December. 1950.

Coţion

LIVERPOOL

future closings, pence per lb. were as follows:

July/Aug.

25.13

In

105,567

Consumption for the entire year 1957 totalled 1,408,685 tons, 2305-15 0 2 per cent greater than the

1,436,482 tons In 1950,

The December, 1957, sumption figure included' 38,058 tons of natural rubber

and 18,196 tons of reclaimed rubber, -United Press,

25.00

25.03

23.03

23.05

20 60

26.76

*15.00

21.90

Contract No. 4 (world;: March, 347; May. 3.07: July 3.67; Sept., 3.67; Oct., 150; March 30; May, 3.47; Spot- frenta per la fou Cuba), 3.00,

Open interest: 1.303 contracts. Contract No. 8 domestic): March,

503; May, 505; July, 5.73: Sept., 5.75;

Nov. 0.75 Spot-ternis per lb. cif con NY ex-duty), 5.05.

Open interest: 2,231 contracts-- United Press.

London Metal

Exchange Rates

Business was done in the local unofficial exchange markets this, morning at the following rates:- U.S. dollar per $1)

Kansas C. Power & Light

Kriterett Copper

70

Luckberd Aircraft

414

Loews IncirŢI

Lone Star Cement Co.

Ok retract

Lowenstein & Sons.

Mar/Apr.

McDonnell

Alterafl

(Am.

May/June

.24%

Mesabi Iran Corp.

OCUNOV.

Dec/Jan,

Minnescla Mining

New contract

Mar/Apr.

Monsanto Chemical Co.

May/June

Montgomery Ward

33

July/Aug.

Oct/Nov.

52

Dec/Jan.

404%

KARACHI

in

rupees per maand as follows: er sind roller gin, 0314280P Sind roller gin

BV/-

01/11

Sterling nolcs (per R1) Australian notes iper £1 Indonesian rupiaht (per 100)

Haw pa

60/9

Si test per 159)

2008 Punjab rouler ein

B0/5

saw gin... DIS

In sterling per lang follows:

tou

Is

27 JUS 1.BL

The

casier

Buyers Sellers

today

701

7315

J-manth

701

3-month

10330

166

Lead 2nd half Jan. Zine 2nd halt Jan.

TEP

71

Apr.

724

031%

71

4319

0241

Valled Press.

National Slect Corp. New York Central

Norfolk & Western y

Olin Mathlessa Otis Elevators Owen-Illiola (laos Oxford Paper Co. Pacific Gas & Elec. Pan American Airways Paramount Pictures Parko Dave Co. Penny J, C. Co Penn. Salt Co. Philip Morris Procter & Gambla Co. Pittsburgh Plate Glass Publicker Industries Pura Di.***** Radio Corporation Radio Corp.

Republic Steel Reynakla Moisi Bears, Hoebiick. & Co.

Shell 04 Co. ..... Eeg. Paper heime Con Bocony Boo Hole AtroRMAL

occupied on that company's new Cruising would appear to have ond successful service between a good future. Air bag talen the Pacife Coast and Australia; some passengers unway from ships Coast Lines, which for several on their regular runs, but years operated the Lady Killar- seems almost inevitable that tho ney (now retired) from Liver- faster the pace the world moves pool to the Western Islands of at, the greater will be the cood South Punto Blue Scotland, has no tonnage ovall of mankind to take posledicnt tomma Clou

Southern Tallway (Com.) able to take her place.

spells of resting, relaxing and - Stended Brands What features, if any, do the recuperating, and there are Law F publie look for whon buring better places to do that then on mandes da of NJ, cruises? Obviously they want al board a good cruising ship. steep Rock (Taranto Xxgu)

Cotton future closings,

Prices

London, Jan. 28.

Prices of metals closed today

market opened due to lower Liverpool Spot th and New York prices--United | Copper spot" Press.

New York Metal

Futures

New York, Jan. 28. Prices of metals closed today in cents per lb, as tollow

DAZ

Lead Jan.

10. น

Feb.

Jam.

unquoted

8.540

Feb.

unquoted

Copper Jan

Feb.

Hin

Jah.

$1.000

unquale

-United Press.

Unquoted

ית

Singapore (Stralte)

NAMESAKES

5.00

15.53 12.37

Parla

Stockholni

Zurich

London, Jun. 20.

251-2.61%

2.70 6/10-3.76 7/16

130.476-109.62), 31.71-11.7722 1751-170115 1177424-217745

14.48-14.49% 17.20-13.20a

Others unchanged United Press.

SAILS:

Dollar stocka

with

were lower their premium declining 1/ to 8 per cent.-United Press,

London Silver Prices

The

London, Jan. 28.

price of silver was quoted at 70% pence for spot and 75% pence for forward

70% pence. (against 70% and yesterday).-United Press.

P&O

R.M.S. "CHUSAN”

NOTICE TO PASSENGERS

1220 BAGGAGE:

Answers-1 Coward, 2 Pride,

3 Ophelia, Paradise, 5 Part, G

Prejudice, 7 Octopus, Rich-

Thursday, 30th January, 1958 at 12,00 Noon for the UNITED KINGDOM, via Singapore, Penang, Colombo, Aden, Port Said and Marseilles.

Passengers are requested to send ALL BAGGAGE to the Hongkong & Kowloon Wharf Co.'s Godown No. 2 GATE, CANTON ROAD ENTRANCE, By Noon on Wednesday, 29th January, 1968,

mand, D Astonished, 10 Serve, SPECIAL NOTE: With the exception of hand packages

11 Encounter, 12 Captain,

Cella Johnson.

SHIP

BENDLINE

carried by passengers themselves, ALL BAGGAGE must pass through the Wharf Company's Godown for loading on board by ship's slings only.

|EMBARKATION: Passengers should embark between 9.80 and 11.00 a.m, on 30th January, 1938,

Subject to allerntion with or without notice.

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