1946-10-16 — Page 7

THE CHINA MAIL, WEDNESDAY, OCTOBER 16, 1946.

Page

DE LA RAMA LINES World Consumption JARDINE, MATHESON & CO., LTD.

EXPRESS CARGO LINER SERVICES

TO AND FROM PACIFIC & ATLANTIC COASTS

VESSEL·

M.V. DONA NATI

DUE 16 Oct.

M.V. BENGAL

Mid. Näv.

M.V. DONA' ....

ANICETA

Early Dec.

End Dec.

M.V. TRAVANCORE

SAILING FOR

Facific & Atlantic Coasts via

Honolulu & Manila. Facific Coast..

Facific Coast & Atlantic

Coast.

Fecific Const.

THE DE LA RAMA STEAMSHIP. CO. INC.

Fedder Building

TEL: 28676"

Chinese Shipping Office

Tel. 23738/20163

BUTTERFIELD & SWIRE

1. CONNAUGHT ROAD CENTRAL Telephones: 80331-8 Private Exchange.

Agents: CHINA NAVIGATION CO., LTD.

"'NINGHAI" "FENGTIEN "ANHUI"

"KWEIYANG"

"SAILINGS TO

Shanghal, Tsingtao & Tientsin 4 p.m. 19th Oct. Singapore & Penang 2 p.m. 22nd Oct. Swatow, Amoy Singapore & Penang 2, p.m.. 22nd Oct.

ARRIVALS FROM

Bangkok, Saigon & Swatow 17th Oct. Amoy to Swatow- 19th Oct.

"ANHUI"

"SHANTUNG”

"SZECHUEN”

"FENGTIEN”

"NANCHANG” "POYANG"

"FATSHAN"

Shanghai 19th Oct. Shanghai 19th Oct. Shanghai 18th Oct. Tientsin & Taingtao 24th Oct

Bangkok 26th Oct-

CANTON RIVER LINE

Sails 1 a.m. 17th Oct Arrives 2.30 p.m. 19th Oct. Sails 6 a.m. 21st Oct. Arrives 5.20 p.m. 23rd Oct.

Agents: BLUE FUNNEL LINE

"PROMETHEUS”,

"SINKIANG" "LYCAON"

*GLAUCUS"

U, K. SERVICE Salling 20th Oct.

Arriving

3rd week Oct

21st Oct.

NEW YORK SERVICE

For Port Said, Liverpool.

vie Strafta.

From

UK, via Straits" do

From

4-

Arriving

3rd week Oct.

Salling

“EURYBATES".

18th Oct.

New York via Suez.

Agents:

"New York

For

AUSTRALIAN - ORIENTAL LINE, LTD.

"YOCHOW"

“YOCHOW"

From

Australia

For

Arriving

25th Oct."

Sailing

1st Nov.

Sydney, Melbourne

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

DOUGLAS STEAMSHIP CO., LTD.

S. S. “Haiyang"

Sailing for Swatow, Amoy & Foochow ön the 16th October

Subject to alteration without Notice.

For Particulars of Freight & Passage. Please apply to:-

DOUGLAS LAPRAIK & CO.

General Managers."

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

JO

CHINESE SHIPPING DEPT.

20 Connaught Road, Central. Tel. 24639.

.3

BEN LINE STEAMERS LIMITED.

SAILINGS TO U.K. VIA STRAITE.

“BENLAWERS"

SS. "BENIOMOND"

FREIGHT ONLY. VESSELS DUE

LOADING

about. 22nd Oct.

18th Oct.

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

York-Building.

Tel. 84160,

TAY KEE & CO.

Stevedores, Transporters, And General

Labour Contractors:

Suppliers of

Chinese Crews, Junks And Steam Launches,

5th Floor

Des Voeux Load C.

DAVID HOUSE.

Tel.: No. 28886;

Of Commercial Cotton

(By Sydney Gampell, Reuters City Editor)

London, Oct. 14.′′

The world consumption of commercial cotton in N.Y. Stock

the last season was estimated at 23,200,000 bales. France, Russia, Italy, China and Japan

expanded their consumption considerably

while consumption in India declined slightly. Throughout Europe and Asia, however, India's consumption exceeded prewar. The total con- sumption outside the United States this season is forecast at about 26,700,000 compared with last season of 23,200,000 and (the seasons. be. gin in August) 1944 of 21,000,000.

London Stock Exchange

London, Oct 14.

A mixture of influences pre- vailed in early dealings on the stock market today.

The alternative plan to full nationalization put forward by the four main lines stimulated British railways, which in some instances were marked up 34' but higher levels attracted profit- taking and early improvement was not fully maintained.

German

potash bonds were dull, following the denial of recent rumours that funds were available for debt service purposes, but the downward movement attracted fresh buyers and the initial losses "were subsequently recovered.

Orange Free State gold mines moved sharply lower, reflecting the statement by Mr. R. H. Mor ley, Chairman of the Commercial Exchange of South Africa, that if higher taxation continues, the Free State mines may never open. There was, however, no selling

pressure.

The turnover in industrials was very small, the only feature being inquiry in iron and steel issues.

The United States Department of Agriculture expects that stocks. of United States cotton ac cumulated during the last season in China, Japan, Italy and France will be consumed during this reason.

World production of cotton this tentatively estimated at

Season

20,600,000 bales compared with 19,200,000 in 1945, the prewer average of 20,700,000 and the 1937 record of 36,500,000 bales.

Market

SHIPPING DEPARTMENT: 18 Pedder. Street. Tel. 80311.

Genaral Managuës.

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

*S.S. "WOSANG"

S.S. "WINGSANG"

New York, Oct. 14: The stock market negotiated. ss. "WOSANG" an average advanco with scattered

SS, "WINGSANG”, exceptions for the first Monday- "since mid September.

Gains of fractions to three points or mora ruled at the close with a few wider Jumps.

Brokers suggested that the political picture in view of Wall Street may have inspired some buying...

Better-performers included Re- public Steel and Caterpillar Trace tor. "Among the stumblers was W

Woolworth.

Transfers were, around 1,200,- 000 shares.

The Dow Jones Averages: Stocks 61.01, 20 Industriala 169.80, 15 Rails 46.88, 10 Utilities 34.43.

S.S. "EMPIRE FARRAR” S.S." "EMPIRE WITHAM” S.S. "EMPIRE FRASER”

SAILINGS

to Keelung 20th Oct, to Shanghal 21st Oct. 'ARRIVALS T

from Straits via Salgon 16th Oct. from Shanghai 17th Oct. IN PORT

Kowloon Bay.

(Beri Line Beith) Machle' - Wharf. Cosmo Dock.

Subject to alteration without notice.

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

Agents: GLEN LINE LTD.

$S, "GLENAFFARIC”.

S.S. "GLENSTRAE"

Taikoo Doce Wall, Now load- ing for Rotterdam, Antwerp, Amsterdam & London. Sails 19th Oct.

due from UK. 27th Oct, que from Shanghai 18th Oct. Loads for UK., Rotterdam. Ant- werp Amsterdam-December,"

Managing Agents: AUSTRALIA CHINA LINE

5.3. "PERIOD“. M.V. NEWBROUGH

due from Sydney Early Nov. due from Australia via Laboar Mid Nov.

Agents: THE WEST ERN CANADA

STEAMSHIPS LTD.

World Carryover The world carryover of "cotton

Closing quotations: this season is 21,000,000 bales as]

Adams Express 14%, Alaska compared with last year's record Juneau 5 American Can 813 MV. DENBIGHSHIRE of 26,100,000. World consump- American Smelting 61, American tion this season of 26,700,000 Telephone 170, American. To- would make the world carryover bacca 81, American Waterworks next August at about 15,000,000, 15, Anaconda Copper 37, which is sharply below recent Aviation Corporation 7, Bald- years but not vastly below the 23 Bendix Aviation

Barnsdali win Locomotive 20%

32, prewar average of 17,400,000.

Bethlehem Steel 97, Boeing Air- World rayon production in 1945

craft equalled 3,000,000 bales of cottan,

23, Borden Co. 40%, as compared with 4,900,000 in Canadian Pacific 134, J. I. Case 1944 and 6,700,000 bales in 1941. 36%, Chrysler 82, Colgate 50%, The difference was due to post Products 64, Dupont de Nemours Commercial Solvents 22, Corn war disruption in rayon produc tien in Germany, Italy and Japan. 152. Eastman Kodak 212, Electric Rayon production outside the Light & Power 155, General United States in 1945 equalled Motors 50%, General Electric 38, only 1,700,000 bales, compared Goodrich 68%, Goodyear "57, with 3,200,000 in 1944 and the Homestake Mining 38, Inter 1941 record of 5,300,000.

national Harvester 744, Inter- national Paper 42%, International Tel & Tel 17%, Kennecott Copper 46, Montgomery Ward 70, Na- Lead 29, New York Central tional Distillers 22%, Nationai

15%, Packard Motors 6% Pan American Airways, 14%, Pennsyl- vania RR 26%, Radio Corporation 10, Real Silk 18%, Republic Steel 27, Reynolds Tabacco 897, Schenley 61% Scars, Roebuck 37% Shell On 30%, Socoay Vacuum 14%, Southern Pacific 41, Standard Brands 37, Stan- dard Oil of Calif. 55. Standard Oil of N.J. 67%, Studebaker 20%. Union Bag 28%, Union Carbide 91. U.S. Rubber 57% US. Steel 59%, Westinghouse 25, Youngs- town Sheet & Tube 34-A450-

The warld rayon

output in 1946 is slightly above 1945 as expansion in Britain, Canada and the United States offsets contrac tion in continental Europe and Japan.

The record can bales. 1935 at 34,000,000

was in

Consols, 22 per cent 1945/75 97%, Conversion Loan, 3 per cent 112, War Loan, 3 per cent 107-11/16, New-War Loan, 3 per cent 106-3/16, Victory Bonds, 4

More Produced per cent 119, Saving Bonds 3% 1955.65 105-15/16, Saving Bands

The combined consumption of 2% 1960.70

100-1/16, Saving cotton and rayon this season will Bonds 3% 1965.75 107-7/16, Ger- exceed the equivalent of 30,000, man Loan, 7 per cent (Dawes) 000 baies of cotton while produc- 114, Japanese Bands, 5 per cent,sion is forecast below: 24,000,000. 1907 19, Canton-Kowloon Rail- way 23, Tientsin Pukow Rallway, 5 per cent 26%, Lung-Tsing U. Haj Rly, 5. per cent, 1913 25, Reorg. Loan, 5 per cent 1918 (London Isa), 48, Crisp Loan, 5 per cent, 1911 45, Hukang Rail- way, 5 per cent. 1911 28, Honan Railway, 5 per cent. 1905 32%, Shanghai-Nanking Railway, 5 per cent 28, Mercantile Bank of India, "A" 22%, Chartered Bank of I. A. & C. 11-13/16, H.K. & Shang hai Banking Corporation 86, Lydenburg Estates 95, South Africa Townships 20/-, Selection Trust, 40/7 South Africa Tor- banites 11/3, Canadian Pacific 17-15/16, Mexican Eagles 149– Reuter.

SAO PAULO COTTON

(New contract "B") Octo- ber unquoted, December 171.90, March 176.50, May 17430, July 172.00, Spot No. 183.00, Spot No. 5 170.00.

With increase in the world's consumption sinca 1936 and world textile recovery, the world con- sumption of cotton and/or rayon will rapidly approach the 1930 jevel.

The world will then consuma 10,000,000 bales more of cotton

rayon than it is producing this season "but an expansion of "pro-} duction is in prospect-Renter.

ciated Press.

New York

COPRA HIGHER Exchanges

ره

Washington, Oct. 14.

The Office of Price Administra-

.

3

S.S. "LAKE NIPIGOŃ"

due from Vancouver, Shanghai-

Mid Nov.

PENINSULAR & ORIENTAL STEAM NAVIGATION COMPANY

Ship "EMPRESS OF

From

UK..

-U. A

J.K.

Bombay

U.K.

U.K

U. K

Loads For

Due

20th October 23rd October

End October

Early November

Mid November

November December

Ready

AUSTRALIA" «"TREVETHOE" "BENALDER" "SAMLAMU" "GLENIFFER”- “TREVAYLOR” "TREVEAN" Ship

“SAMETTRICK”

Accepts cargo for LONDON, ANTWERP & ROTTERDAM "SAMLAMU"

Straits, Bombay. & UK.

Straits & Bombay

19th October

Early November

Months 4.03% 4.03%, On BRITISH INDIA STEAM NAVIGATION CO., LTD.

New York, Oct. 14 tion raised price ceilings of crude American A/C Sterling 4.30%, cocoanut oil and copra today to 4.03%, American A/C Sterling encourage imports in view of the „shortage of Tata and oils.

Sweden 27.82, 27.83, France 84, The import price on copra was 84%. Switzerland (Official) 24.00, boosted $1.00 a ton at Atlantic 24.25, Switzerland (Free) 24.50, and Gulf ports, effective Monday. 24.75, Spain 9.20, Portugal 4.04b. This lifted the ceiling to $116.204.06a, Australia 3.23, New Zea a short ton.

land 3.26, South Africa 4.02%, price for crude British East Africa 20.25, India coconut oil was lifted 27 of a 3029, China unquoted, Argentine cent to 168 cònts pound.

(Official) 20.78, Argentine (Free) OPA said both increases result-24.63 offered, Brazil 5.45, Bolivia in part from higher ocean Official) 2.00, Bolivia(Free)

New Orleans Cotton October 46 38.64, 38,50, Decem-ed

The landed

ber 38.64, 88.38, March 47 38.15, freight rates and because of the 238, Chile (Official) 5,16, Chile

38.01, May

SHIP

"SILVER GUAVA” “BINFIELD" "PASHA"

SHIP

"BINFIELD"

FROM

Madras

Rangoon Calcute

LOADS FOR

Straits, Madras, Calcutta.

DUE Discharging End October 'End' October READY

End-October.

37.62, 37.54, July idle copra crushing capacity (Free) 325, Chile (Export) 4.00. EASTERN & AUSTRALIAN STEAMSHIP CO., LTD.

36.08, 36.52, Spot 38.56, 38.45,

Chicago Wheat

January 203 bid, 208%, *, March 198, bid, 204% bid, May 195%, 200,

Chicago Corn

January 2140%, 144%, March 187, 1104 Reuter,

A

NET CAPITAL

Philadelphia, Oct. 14. Securities and Exchange,

Associated Press.

ARGENTINE GOLD

Sovereign,

Buenos Aires, Oct, 14.

Buyers Sellers

U.S. $20 Eagle,

Buyers

Sellers

Gold Bar, per gramme,"

Buyers

Sellers

Commission analysis shows the-Reuter,

net working capital of American corporations was boosted $1,200,- 000,000 in the three months ended June 30 to a total of $54,000,- 000,000,

The Commission reported cur- rent assets increased $100,000,000 and current liabilities were re- duced by $1,100,000,000.

The Securities and Exchange Commission sald accumulating in- ventories increased: $1,200,000,000 to a total of $28,900,000,000 at Lhe end of the quarter-Associat ed Press

LONDON DISCOUNT RATES

London, "Oct. 14.

Ray to Day Loan per cent,

Colombia 56.98, Cuba 100, Ecua- dor 7.600, Guatemala 100, Hol- land 37.78, Mexico 20.57, 20.61; Feru 16.50 offered. Uruguay 56.00, Venezuela 29.90, Netherland West Indies 53.05, Dutch Guiana 53.25, 67.00 Montreal on London 4.02, Mon- 67.40treal on New York 05.875, Swiss Bank Notes rate 29.00, 31.00, 117.00 Belgium Franc 2.28, 2.28%- 118,00 Reuter.

REUTERS U.K. INDEX

5.27

5.35

The

Washington, Oct. 15.

Supreme Court today agreed to review litigation by which the Dollar, Steamshin Line and other sought to compel the Maritime Commission to return "London, Oct. 14. stock transferred to the Commis- Industrials 142.4, Kars, 96.0. sion in 1938 during the rehabilita Homo Rails 99.6, Commodity tion of the Line-Associated

291.2-Reuter.

Press;

AMERICAN PRESIDENT LINES LTD,

Speed-Frequency- Dependability

-Special Cargo 07 Tanks-

Specia

BAILING: FOR

20th Oct. San

-8.8, "MARINE' LYNX":

8.S. CLOVIS VICTORY"

Franciaco Manila."

Short Money to 1; Bank Bills, S.S. "PRINCETON VICTORY" 20th Oct. New York & other 3 Months 17/82, Bank Bills, & Fine Trade Months 9/16 to Bills, 3 Months 1 to 1%, Fine Trade-Bills, 6 Months to 2%,

Treasury Bills, 2 Months to 3.8. MOUNT DAVIS" 17/32/17/32 Router.

Treasury Bills, & Months 1/2 to

LONDON SILVER

& GOLD

London, Oct 14.

S:S. "MOUNT-ROGERS"

Atlantic Coast Ports. 23rd Oct. New York and Baston via San Francisco, La Angeles and Panama, End Oct: New York and Boston via Singapore & Suez. Early Nov. New York and Boston vis Singapors Buez

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

Silver Spot, per fine # 56d, monta Silver, Forward per fino oz. 55d, 11. George's Bldg. Bar Gold, Fine, oz 172/1-Ben-

TM: No. 28172/28178,

SHIP

"EASTERN"

LOADS FOR

Sydney & Melbourne

READY

19th October

For full particulars apply to MACKINNON, MACKENZIE & CO.

"Telephone - Nos. 27721-4.

PRINCE LINE

SS. "SAMMEX” M.V. "SCOTTISH PRINCE”

JARDINE,

Due from U.S.A. & Shanghai End Oct.

MID NOV."

MATHESON & CO., LTD.

Chinese Freight Agents: CHEONG FAT CO,

Telephone 20037

SWEDISH EAST ASIATIC CO., LTD.

MV. NAGARA M.V. BENARES MV. -VASÄHOLM.

MV. NAGARA

OUTWARD

discharging Hong Kong 28th October. discharging Hong Kong 20th November. discharging Hong Kong. 25th November.. HOMEWARD

fonding Hong Kong 10th November.

for

Port Said, Marsellles, Antwerp, Rotterdam Copenhagen, Oslo and Gothenburg. * (Also Genots for inducement) - For further particular, dpply to:- GILMAN & CO., LTD. Agents Telephone 27871-

ter,