1946-10-02 — Page 7

4

{

DE LA RAMA LINES

M.V. DONA NATI

LOADING FOR

HONOLULU, LOS ANGELES, CRISTOBAL

& ATLANTIC COAST PORTS,

7th OCTOBER 、

THE DE LA RAMA STEAMSHIP CO. INC.

Pedder Bulding

TEL: 23070

Chinese Shipping Office

Tol. 20163

BUTTERFIELD & SWIRE

1. CONNAUGHT ROAD CENTRAL Tolophonos: 80831-8 Private Exchange,

"POYANG" "NEWCHWANG" "HUPEH" "FOOCHOW" "FENGTIEN“

"FUKIEN"

"HANYANG

SAILINGS TO

Bangkok 4 p.m. 3rd Oct. Singapore & Penang 4 pm, 4th Oct. Shanghai, Tsingtao & Tientsin' 4 p.m. 5th Oct. Shacopore & Java 2 p.m. 7th Oct. Shangba 2 p.m. 7th Oct. Amoy & Shanghai 7 n.. Rih Oct. Shanghai 4 p.m. 12th Oct,

ARRIVALS FROM

"FOOCHOW**

"FENGTIEN"

"FUKIEN"

HANYANG

"ANHUI"

"KWEIYANG"

"NINGHAI"

Sinoghal, Keelung & Ainoy 3rd Oct, ..... Singapore 4th Oct, Java & Singapore 5th Oct, Shanghai & Fcoellow 8th Oct. Singapore 14th Oct, Bangkok, Salgon & Swatow 15th Oct.

Singapore 16th Oct,

THE CHINA MAIL, WEDNESDAY, OCTOBER 2, 1846.

London Silver Not Likely To Be Freed

N.Y. Stock Market

New York, Sept. 30. The stock market resumed its downward, drift although soling pressure was negligible.

The turnover Was Around 1,10(1000 shares, чле of the amaliest for the past month.

London, Sept, 30. Although the Government's decision to demone- tise silver will eventually suffice to cover the repayment of the United Kingdom's share of lease-lend silver and many years of industrial needs, it is unlikely to lead to the freeing of the London silver market.

Reason is that this move would undoubtedly be followed by a great drain of silver from Lon- don to India and other places, thereby defeat- ing the whole idea of safeguarding the United Kingdom's future silver requirements, says the Financial Times today. Steels led the early retreat with

The authorities: howover, are:||| losses ranging from fractions to three points. A few thin lasuesstacles to the resumption of nar

endeavouring to withdraw dropped around six.

Extreme recessions were trim. mul arbitrage activity insofar as

med in most cases near the elcsc., framework of the

it con be Arcanged within the

sorie

After the

present ex-

decision made of

Exchanges In London

*+

TRADE MISSION LEAVES

London, Sept. 30.

The British Trado Mission to China led by Sir Lealin Boyce, Chairman of the Glen- coster Carriage and Wagan Company, loft Northolt agro- drame in two specially char- tured planes today.

During its stay, in Chùm. which ia ernestor to Jast about three viơnths, the Min- sion will -tudy sibilities of increasing trade beticcon Britain and China

alle

** my purchase vegcinble

and Reuter.

C Page

JARDINE, MATHESON & CO., LTD.

SHIPPING DEPARTMENT

16 Pedder Street

Tel. 30011.

General Managers.

¿

INDO-CHINA S. N. CO., LTD.

768-

S.S. "KUTSANG"

$.S. "MAUSANG"

S.S. "WINGSANG"

ans,

cilk..

Stocks In London

London, Sept. 30.

The absence of influencing news helped the stock market today and sentiment was brighter.

of

Co

De

Prominent casualties included chattge restrictions. United States Gypsum, Johns Mansville, Bethichem Steel, Ges-allowing the purchase of Russian Agents: CHINA NAVIGATION CO., LTD. end Motors. U.S. Rubber. Good-eliver for reshipment in India at veur, Montgomery Ward, Inter negotiated prices, similar facili

Londen, Sept. 30. rational Harvester. Dow Chemties should be granted

However, in most sections there On New York 1.025, 4.036, Mon Cal. Dupont and Eastman Kodak Zealand, Australia

to Newtreal 4.02, 4.09,

was scarcely sufficient business to Zurich Boune Wall Strecters attributedaterling areas producers, it was

and ather 17,36, Stockholm

17.34.create a deßnite trend although 14.47, 11.60, the undergone the bearishness to labour dispute.

Brazil firm,

a whole was pointed out. Permission was sub 76,1410, Brazil (seilera) unquoted.

Buenos Aires unquoted, Forcien affairs. price euntrols, sequently granted bulness

for imports

The anouncement and prospect:

that from these countries on the samo

Uruguay unquoted, Belglum Beers Consolidated Mines propos thought the secondary reaction

16750, Paris & French terma a Russian allver.

Empire ed splitting shares and talk of a was a passibility.

As exports

479.50. 480.30, of silver from Irisben 90.30, 100.20, Swiss Bank monds

Syria 881, 186, Dow Jones Averages:

merger with Consolidated Dia- Oceania have been held up in an- Stocks 61.80.

Notes Middle 17.26, 17.50, Nether stimulated diamond issues carly 20 Industrials ticipation of higher prices, a fair

Southwest Africa 172.42, 15 Rails 47.72, 10 Utilities trade may resuit in due COUTED

lands West Indies 7.55, Nether in the day but the improvemant 34.45.

from this decision.

landa East Indies 10.08, 10.70.

was not fully held. Closing quotations:

Holland 10.63. Panama 4.02, 0.04, Adams Express

Alaska 15.

The foreign bond market was Oceania Sales Denmark 19.32, 10.35. Prague 201, neglected throughout while Bri Junean. American Can 85%,

Silver circlea remark American Snelling 50. Amerienti Australian

Mint202, Norway 19,98, 2002, Falon tish funds here and there were and New

tine 09, 1005. Telephone 74%, American

Zealand

lightly cater on the withdrawal Forward Rates, One Month of funds for investment in other To- silver, would be skinned direct bacen, American Waterworks India, although it could be finane, D, Switzerland 1⁄2 p. D.

United

States P, D, Canade quarters, Anaconda Copper 38.ed by Lundun though Aviation Corporation 7, Baid-inance la purely

London

Attock. Ol dropped sharply to Sweden 1 p, 1 D, Paris 4042/6, following the win Locomotive 21, Barnedal sales could be

eptional and made rect by cents, 40 cents. Holland 1 centment of reduced dividend and pro- 23, Bendix Aviation 37. Australia and New Zealand to 1 cent, Bethelchem Steel 07, Boeing India.

Bank of England Clearing close.

fils, but rallied to 46/6 near the Aircraft 24%, Borrien Co. 4044

All the best-informed circles Rates: Madrid 44.00. Italy 71.25. Canadian Preiße 13, J. I. Case disclaim knowledge of any saleo

Industrial oils were quietly firm" Free Market Rates: Indin 17.94 with occasional 37, Chrysler B, Colgate 1,nanced

professional in by London and the 18.06. Australia 125, 125.60. New terest. Comunercial Solvents 23, Cora opinion in that no Australian all. Zealand 124.37. 125, South Africa Products 2, Corn Products 62,

Chinese bonds, rullied after ter has been told to Indin recent 100, 100.50. Teheran 128, 130, Dupont de Nemours 183, East- lv, while New Zealand man Kodak 211, Electric Light would anyway be negligible, since pore 3/4-1/32, 24-%; Hongkong 97% Conversion Alexandrin 97.376, 97.025, Singa- carly uncertainty. sales

Consols, 2 per cent 1946/76 & Power 15%, General Electric New Zealand production current

-1/10, 1/3-1/10,

Loan. 3. per Philippines cent 112-1/16 30%, General Metors 62, Goodly is only between

War Loan. 39 250,000 and 8.10, 8.12. rich 20, Goodyear 56, Homestake 270,000 ounces annually.

Rangoon 1/65/16, per cent 107-13/18, New War 1/6-1/16, Shanghai' unquoted. Montag 385, International Har

Loun, 3 per cent 106. Vielory Special A/C Rates! Lima Bonds. 4 per cent 110%, Saving vester 76. International

Russia Selling 26.10, 20.10, Lapaz 108.62, 170.32 Bonds 3 1955.65 106-1/16, Sav- 11, International Tel & Tel Silver clretes roport (with Valparaiso 100.026, 101.30. Tur Ing Bonds 3% 1960.70 100%, Sav- 17 Johns Manville 120, Konaisutlafaction)

Russia has key unquoted,

ing Bonds 3 1866.75 107-9/16. solt Connor 46, Montgomery Ward anally "elimbed off the shell" and Central American A/C Rates: 71, National Distillers 24 In

German Loan, 7 per cent (Dawes) Mexico accepting reasonable

19.85, Bogota 12, Japanese 19.45. National Lead 80%, New York prices for silver.

Bonds, 5 per cont. 7.00, 7.08, Router. Central 16, Packard Motora T.

1907 20. Canton-Kowloon Railway silver

Pukow Railway, fi 24. Tientsin Foer cent 264, Lung-Tsing U. Hai Rly, 6 per cent. 1913 25. Reorg, Loan 5 ner cent 1913 (London Igs) 51. Crisp Loan, 5

CANTON RIVER LINE

"FATSHAN”

Arrives 2.30 p.m. 3rd Oct, Sails 4 a.m. 5th Oct, Arrives 3.30 p.m. 7th Oct. Salls 8 am. Dt: Oct.

Agents: BLUE FUNNEL LINE

"PROMOETHEUS”

"SAMOA"

"SAMAFFRIC"

"ANTILOCHUS"

"SINKIANG"

"LYCAON"

E

U. K. SERVICE

Sailing

11th

Arrling

For Port Said,

Liverpool vig-Straits.

From

3rd Oct.

"U.K, viu Straits

Mid. Oct.

-dow

12th Oct.

-do

Midd. Oct.

-do-

20th Oct.

-do-

NEW YORK SERVICE

Arriving

"GLAUCUS”

3rd week Oet

From

New York

Agents:

AUSTRALIAN - ORIENTAL LINE, LTD.

"YOCHOW"

Arriviving

Mld. Oct.

From

Australie

All The Above Subject To Alteration Without Notice. For Passage and Freight Particulars. Apply To The Above.

DOUGLAS STEAMSHIP CO., LTD.

S. 8. "Halyang"

Sailing for Swatow, Amoy & Foochow on or about 10th October

Subject to alteration without Notice.

For Particulars of Freight & Passage. Please apply to DOUGLAS LAPRAIK & CO.

General Managers.

2. GO. Building, 5th floor. Tel. 23755.

or

CHINESE SHIPPING DEPT. 20 Connaught Road, Central. Tel. 24639.

Paper

now

that

Consequently. London

Pan-American Airways 15, dealers

have been able to do Pennsylvania RR 27%, Radio Cor-fresh purinens in exporting sliver poration 105, Republic Steel to India. India paid between 71 274, Reynuhla Tobacco 30%, and 74 pence per ounce. Schenley 66 Sears Roebuck September silver shipments to 89%, Shell Oil 31. Socony Banbay from Britain were cutim Vacuum 14% Standard Brands ated at 4,000,000 cunces and an 40%. Standard Oil of Calif. 64, additional 2,000,000 ounces are Standard Oil of N.J. 67%, Stude-now awaiting shipment during baker 23,

Rag 28%, the Brat half of October.-Reuter alon Carbide 14, U.S. Rubber 58. U.S. Steel 70%, Westinghoune 26. Youngstown Sheet & Tube |

Associated Press.

Union

New York Exchanges

Change In Silver Use

London, Sept. 30.

*

LONDON DISCOUNT RATES

announce-

SAILINGS

to Shanghai 8th Oct.

to Straits & Colcutta 7th Oct. to Shanghot 9th Oct.

S.S. "WOSANG" to Keelung (if außelent Inducement) 12th Oct.

(Cargo and Passengers)

5.5. "TAKSANG"

S.S. "KUTSANG”

S.S. "WINGSANG"

55. "EMPIRE FARILAR” S.S. "ESANG" S.S. "EMPIRE WITHAM" 5.5. "MAUSANG" 9.5. "EMPIRE FRASER" S.S. "HICKORY CREST"

ARRIVALS

from Rangoon 3rd Oct. froni Calculta & Straits 8th Oct. from Shanghai 6th Get.

IN PORT

Cosmo. Dock. Kowloon Dock.

(Ben Line Berth) Kowloon Dock,

Subjeel to alteration without notice.

Buoy A.10.

Buoy A.14.

T.S.R. Wharf.

All intending Passengers are requested to register their named as far as possible in advance of the time at which they wish to icave

Agents: GLEN LINE LTD.

S.S. "GLENAFFARIC”

S.S. "SZECHUEN". M.V. DENBIGHSHIRE

Arr. from UK. Holts Whart. Louds for Rotterdam, Antwerp, Amsterdam & London 10th Oct,

due from UK-5th Oct. due from UK-end Oct.

Managing Agonta: AUSTRALIA CHINA LINE

M.V. "KAFIRISTAN”

S.S. "PERIOD"

...Loads for Sydney, Melbourne,

Adelaide 2nd October.

due from Sydney Mid.” Oct.

Agents: THE WESTERN CANADA

STEAMSHIPS LTD.

Bhip

PENINSULAR & ORIENTAL STEAM NAVIGATION COMPANY

From

Dua

"BENALDER” "OTRANTO"

U. K.

Mid October

U. K.

18th October

"EMPRESS OF

AUSTRALIA" "TREVETHOE"

U. K.

20th October

U.K.

U.K.

U. K.

per cent. 1911 47. Hukgay Rail- Railway, 5 per cent. 1905 32,"GLENIFFER" Way. 6 per cent, 1911 28, Honnu

ent 28. Mercantile Bank of India, Shanghai-Nanking Railway, G ner

London, Sept. 30. Day to Day Loaner cent, Short Money to 1, Bank Bill 3 Months 17/32, Bank Bills. Months 9/16 to Fine Trude Bills, 9 Months 1 to 1, Fine Trade Bills. 6 Months to 2,& Treasury Bills, 2 Months 17/32, Treasury Bills, 3 Months

to 17/32.-Reuter. TEXTILE MARKET -

New York, Sept. 30. Activity in the cotton textil goods market virtually is at a standstill as the industry awaited. announcement of the new October ceiling.

Prices

Aro expected to b: higher and trade circles thluk that selling houses will release s sizeablú volume of goods.

quiet.-Associated

NEW ORLEANS COTTON

23, Chartered Bank of LA C. 12. H.K. & Shanghai Bank- Corporation 86, Lydenburg South Africa Estates 117/6. Townships 28/10, Selection Trust 12/6, South Africa Torbanites

11/6 Canadian Pacific 19, Mexi

can Eagles 14/6.-Reuter.

NOTICE TO CONSIGNEES

"THESEUS”

"TREVAYLOR"

* due Colombo 4th Oct., Singapore 8th Oct,

Ship

Loads For

"SAMETTRICK"

U.K. vla Straits

October November November

Ready

10th October

Accepta cargo Ter LONDON, ANTWERP & ROTTERDAM

BRITISH INDIA STEAM NAVIGATION CO., LTD.

SHIP. "BINFIELD "SILVERGUAVA”,

"BINFIELD"

FROM

Rhn goon Madrus

LOADS FOR

Straits, Madras, Calcutta.

DUG Early October 13th October

READY

End-October

BUTTERFIELD & SWIRE EASTERN & AUSTRALIAN STEAMSHIP CO., LTD.

The Financial Times writes: There in a natural tendency to blame the United States sliver bloc's machinations for the Bri tish decision to replace coinage New York, Sept. 80. |of silver with nickel but the truth American A/C Sterling 4.00%, is that a fundamental change has 4.03%, American A/C Sterling 3 occurred in the use of silver

Damaged cargo ex this vessel will be surveyed at Holt's Wharf Months 4.03-7/16, -4.03-9/10, On which would probably have forced Sweden 27.82, 27.85, France 84%, this decision sooner or later.

SHIP There was increased buyer in-between the hours 10 a.m. and 12 845, Switzerland (Ocial) 24.00. Many new uses for sliver werequiry for woollen goods. Rayos noon on 2nd and 3rd October 24.26, Switzerland (Free) 24.45 found during the war. The world goods were

1946 and consignees represents- offered. Spain 9.20, Portugal industrial consumption in 1938, Prean.

tives are requested to be present 4.045, 4.00u. Australia 3.23, New not more than 53,000,000 ounces.

during the survey. Zealand 3.26. South Africa 4.02%, climbed to 171,000,000 ounces in British East Africa 20.25, India 1945 or 43,000,000 ounces over the 30.29. Chinn 3,320. 3,380x, Arcstimated production of the west- gentine (Oficial) 20.78, Argen.ern hemisphere--at present the ine (Free) 24.71 offered. Brazil orly important source of supply. 5.45, Bolivia (OMetal) 2.00, Thus, there is no scope for the Bolivia (Free) 2.38, Chile (Om-use of silver as a luxuzy and go einl) 5.16, Chile (Free) 3.26, the United Kingdom'n silver coin- Chile (Export)

Colombia age must go. India, faced with 4.00, 53.98. Cuba 100, Ecuador 7.600, an identical problem, will doubt Guatemala 100, Holland

37.78, less soon fallow suit. The pre Mexico, 20.60, 20.03, Perú 15.50, cess of demonetisation of silver Uruguay 66,00b, Venezuela 20.00, in the world's currency_systems Netherland West Indies 63.00, thus nears completion.--Reuter. Dutch Guianan 63.35, Montreal on London 4.02, Montreal

on New York 90,125, Swiss Bank Notes rates 2000. 31,00, Belgian Trans |2.27%, 2284—Reuter,

World Bank

BEN LINE STEAMERS LIMITED. Report

BAILINGS TO U.E, VÌA STRAITS.

S.S. "BENCRUACHAN"

5.S. "BENLOMOND"

SS. "BENALDER"

SS,

BENLOMOND"""

88. "BENCRUACHAN”

FREIGHT ONLY.

VESSELS DUE

LOADING

Discharging Kowloon Wharf 3rd Oct.

•;...loading for London 1st half of Oct. 2nd half of Oct. 2nd half of Oct.

44

W. R. LOXLEY & CO. (CHINA), LTD.

York Building

Tel. 34105.

+

SWEDISH EAST ASIATIC CO., LTD.

HOMEWARD

M.V. MINDORO

Now loading Hobg Kong

Sails October 8th

Fort Bak, Marsellies, - Antwerp Rotterdam, Copenhagen, Oslo and

Gothenburg.

-dwrthor, particulare, apply to:-

GILMAN & CO., LTD.

Triste, Telephone R772.

Agents.

New Orleans, Sept. 30. Cotton fatures hit new season Hongkong, 2nd October, 1946. highs, and closed 10 cents to 55 cents a bale up.

Oct. 36.06

March 37.63-66, bid. Dec. 37.05, July 26.00, Spot Cotton 50 higher. May 37.17-18. Middling 88.20.-Associated Press. LONDON SILVER & GOLD

London, Sept. 30. Silver, Spot, per fine oz. 65% A now Anglo-American rubber silver, Forward per fino oz. bd, agreement can be expected in the Bar Gold. Fine, Ox. 112/Rou near future, according to Britishter. Isources here.

RUBBER PACT

Washington. Sept. 30.

The agreement, which will in Į valve a new American promise to purchase additional naturni zub- bec supplies from the British Far East arras may, it is understood. Washington, Sept. 20. be announced simultaneously in The World Bank, in its first Washington and London to- report to the Governors, today inurrow 'nicht. atated it was rendy to receiva The same sources declined, to formal loan requests from coun-say whether the agreement itself tries Beading help in reconstruct- would be linked with the recently Ing war ravaged Inlustrials. foreshadowed British act on free-

BOMBAY SILVÈR

The Governora of the Intering the rubber market.--Reuter. national Monetary Fund also re- ported they will soon be ready to begin trarinactions for the stabili sation of world trade.

The World Bank said that only Franco and Czechoslovakia tail

& GOLD

Dornbay, Sapt. 80.

Rupees Annas 171 11 per 100 tolos 160 11 per 100 telne

informally requested loans when Silver, Ready .....

its renort WWW.AB writton. Since then Poland and Chile had an-Silver. Forwnid nounced their intention of naelsing LOANS.

Informal requests now total over $1,400,000,000,--Router.

TRADE TALKS

Tonie, Sept. 30,

The Italian Forelan Offico dn.

Gold Delivery

Gold Forward

Sovereigns

-Router.

00 03

ner tola-

03

03

40

por tale

03 -Each

N.Y. COTTON-

nounced tonight that an Italian sevitomto delegation will leave for

New York, Sept. 80. Athens after the poncé confére Cotton moved féregularly higher' ence to resume trado talks, brolion | in "ints dealings, on milf hayink of la Paris.

| aud nahort cowering. Futures The Foreign Office" mandingo- closed #1-a bule higher to 76 conta ment was inuid as a cormation (lower.

to the announcement on Sather Uck $8.25, Dec. 27.05-30, March last that a Greek delegation WAN UANG DAMMay 132X), Tuly: 36.03, *xpvoted in Kemp to. Tempio th¥ fet" L£352K kiting spot, 50.00. |talka-Noutor,

"Aarodiated Press/

NOTICE TO CONSIGNEES

5.S. “BENCRUACHAN" Consignees are advised that the Survey of dumoged packages will be held in the Kowloon Wharf premises where they will be examined in the presence of consignees by Messrs. Car- michael & Clarke at 10.00 am. on Wednesday the 2nd October,

REUTERS U.K. INDEX 1946.

London, Sept. 30, Industrinis 146.0, Kaffir 105.4, W.R. Loxley & Co. (China) Ltd.

Rails Home 292.1-Reuter.

L

SHIP

"EASTERN"

LOADS FOR

READY

Mid-October

Sydney & Melbourne

For full particulars apply to MACKINNON, MACKENZIE & CO.

Telephono Nos. 27721-4

AMERICAN PRESIDENT LINES LTD.

Speed-Froquency —Dependability

Refrigeration Spécial Cargo Che Tanks-Cargocaire—Specia

93.4. Commodity

Agents

S.S. "NONPAREIL" 5.5. "MARINE LEOPARD"

Alexandria, Sept. 30. Gold.

POT fine outer 168 Piastres.Router.

Ben Line Steamships. Ltd.

PRINCE LINE

S.S. "SAMMEX"

............ Dug from U.S.A. & Shanghai End Oct. Loads for Straits and New York Early November

Agents:

JARDINE, MATHESON & CO., LTD. Chinese Freight Agents:-CHEONG FAT CO.

Telephone 20037·

TAK CHEONG SHIPPING CO.

6.8. "EMPIRE JAMAICA" Loading Bud Oct.

Balling Brd: Oct

For SWATOW

For Freight 4. Particulars please app TAK CHEONG SKIFFIT

5.S. "PRINCETON VICTORY"

FOR

SAILING

4th Oct. Shanghai,

6th Oct. Singapore. Penang Cộ• lombo, Bombay, Suez, Port Said, Alexandrip, Napics, Loghorn, Genon, Marseilles, New York and Boston

Mid Oct. New York Mother

ports.

For Passage and Freight apply to:-- AMERICAN PRESIDENT LINES LTD.

51. George's Bldg.

Tel. No. 23172/28175.

MAERSK LINE

MS. "MARCITEN MAERSK"

Loading for Los Angeles, Panama, Baltimore, Phliadelphia,

30th September,

· and; Now Yory.

for Partiostars please avvir 101----

JEBSEN & CO., Agents

Fedde Buliding." Thà