1946-10-30 — Page 7

DE LA RAMA LINES

EXPRESS CARGO LINER SERVICES

TO AND FROM PACIFIC & ATLANTIC COASTS

SAILING FOR

Manila (Cargo only). Pacific & Atlantic Coasts.

VESSEL

DUE

S.S. HALEAKALA

31st. Oct

MV. DONA ANICETA

Late Nov.

M.V. BENGAL

Early Dec.

Pacific Coast:

Early Dec.

M.V. BENARES

M.V. ESCALANTE

M.V. BALI

Honolulu & Pacific

Coast:

Early Jan. Honolulu. Pacific &

Atlantic Coasts.

Late Jan Pacific & Atlantic Coasts.

THE CHINA MAIL WEDNESDAY, OCTOBER 30, 1946.

Japanese To Return To Textile Trade

N.Y. Stock Market

New York, Oct. 28. Falling trends on a relatively slow market dominated trading In stocks,

THE DE LA RAMA STEAMSHIP CO, INC. mines, drifted lower after a fair.

edder Building

TEL: 23676

BUTTERFIELD

Chinese Shipping · Offca

Tel. 20738/20153

SWIRE

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

Agents: CHINA NAVIGATION CO., LTD.

POYANG" "HUPEH"

"KUPEN"

"NEWCHWANG"

t

*FATSHAN"

SAILINGS TO

Shanghat D.L, 1st Nov. Shanghai, Tsinglar & Tientsin 4 p.m. 5th Nov,

ARRIVALS FROM

Tientsin, Tsingtao & Foochow 2nd Nov, .... Singapore 4th Nov.

CANTÓN RIVER LINE

Arrives 1. p.m. 31st Oct. Salls 00.01 am. 2nd Nov. Arrives 2.30 p.m. 4th Nov. Sails 4m, 8th Nov.

Agents: BLUE FUNNEL LINE

U, K. SERVICE

Arriving

Sailing

From

GLENAPP" SINKIANG"

Early Nov.

Mid Nov.

UK. via Straits. amdo

"GLENSTRAE"

1st Week Dec.

For L'pool via Strait.

NEW YORK SERVICE

Arriving

"GLAUCUS"

8th Nov.

Agents:

From

New York.

AUSTRALIAN - ORIENTAL LINE, 'LTD.

"YOCHOW

Sqüiniz.

2nd Nov.

For

Sydney, Melbourne

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

DOUGLAS STEAMSHIP CO., LTD.

S. S. "Halyang” Sailing for Swatow & Amoy on or about 31st October...

Subject, to alteration without Notice.

For Particulars of Freight & Passage, Please apply to:- DOUGLAS LAPRAJK & CO.

General Managers. P. & O; Bullding, 5th floor. Tel. 23755.

of

CHINESE SHIPPING DEPT. 20 Connaught Road, Central. Te), 24639.

AMERICAN PRESIDENT LINES · LTD.

Speed---Frequency)--Dépěndability

Refrigeration Special Cargo (1) Tanks Cargocăirė-Specie

8.5. CLOVIS VICTORY!

B.S. MOUNT DAVIS"

S.8, "MOUNT ROGERS"

SAILING

FOR

30th Oct. New York and Boston vin San Francisco, Los Angeles and Fanams.

· 10th Oct' New. York and Boston via Singapors & Sües.

19th Nov. New York and, Boston

via Singapors & Suer

· 8.8. "VANDERBILT VICTORY” 28th Nov. New York & Boston,

vie San Francisco, Lot Angeles and Panama.

For Passage and Freight apply to:

AMERICAN PRESIDENT: LÍNES LTD.

B1 George'ä Bldg.

-TAL NO. 28172/48143.

S.S. "QUANZA

"the Companhia Nacional de Navegačno (Portugal)

Eailing beginning November

from Hong Kong to Lisbon

via Ports

Accepts Cargo and Passengers'

information apply to:

~~ H. NOLASCÓ & CO., LTD.,

Stock Exchange E ulling, 8th floor

Telophones 20164, 20101

Leaders with the exception of scattered issues, including "gold

ly active opening.

were Texas Among casualties Company and Great Northern.

Honestake Mining, Dome Mines and Alaska Juneau enjoyed an early bulge in the wake of a broadenst report that the price of gold might be hoisted but these issues ultimately backed away when Washington authorities do nied any such aetion was contem- plated.

Brokers suggested that the prospects of more labour trouble was the principal deterrent.

Transfers were around 900,000 shares,

Dow Jones averages: Stocks 60.24, 20 Industrinis 160.04, 15 Rails 47.09, 10 Utilities 14.43.

Closing quotations: Adams Express 11, Alaska American Can 61, Juveau : American Smelting 60, Ameri can Telephone 170.. American Te bacco 81, American Waterworks

MK

London, Oct. 28.

Japanese competition in textiles abroad is not to be stifled. Sir Stafford Cripps, President of the Board of Trade, made this clear in the House Commons today in reply to a question about the future of the Japanese textile industry. The British Government, he said, is not, of the opinion that it is practicable to reduce or eli-

Faxe7

BRITAIN DRAWS JARDINE, MATHESON & CO., LTD.

AGAIN

Washington, Oct. 29. The Treasury disclosed tai day that Britain has drawn upon the United States for another $200,000,000 of its $3,750,000,000 loan credit.

It was the third time Bri tain had tapped the eredit sines it became avaiable last July and brought to $600,- 000,000 the total of funds að for drawn-Associated Press.

minate Japanese competition in the export London Stock

market by yet another surgical operation on those of her export industries which had no direct war potential.

to new

Exchange

SHIPPING DEPARTMENT

16 Pedder Street

Tel.' 30311,

General Managers.

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

$.3. "KUTSANG” [8.S,. "WOSANO”.

3.S, ESANGY

SAILINGS

to Straits & Calculia 31st Oct. to Bangkok 31st Oct.

to Straits & Calcatta via Saigon 5th Nov, ARRIVALS

from Strails & Saigon 1st Nov. from Shanghai 2nd Nov,

IN PORT

Casma Dock

Buoy A.2.

Etroy B.S.

Custodian Wharf.

Buoy 3:11

Subject to alteration without notier,

|5:S. "ESANG” While the Government hoped efforts to ensure that any in-

London, Oct 28. that Japan's economic recoveryternational agreement or gen-

The London Stock Exchange 5.S. "WINGSANG" would be accompanied by the eral understandings which can passed a very quiet day. The re- achievement of better labour be arrived at on these matters cent flurry resulting from the

sub- |5.S. "RMPIRE FRASER" standards and the elimination is accepted and carried out by selling of local loans and-

sequent switching operations haa 5.S. "KUTSANG" of artificial subsidies for ex-Japan.

to be been largely completed and the SS. "KWAISANG" "It is, in any case; ports, it could not afford to

now returned to SS. "WOSANG;* * more normal conditions. stifle Japanese competition in hoped that. Japan herself is bemarkets have the export market by means ing set on

ecanomic There was nothing in the week- S.S. "LOKSANG" that the forcible end news to provide a stimulus which would merely impose on paths and Britain a corresponding, if not breaking up of the oligarchic for any new business and today's corporate system of industry trading was largely a matter of greater, burden.

which previously held power routine. there will clear the way for development of the country or more democrátic lines with the rising standard of wage and living which that implies.

"For the solution of our ex port problems, Sir Stafford said, "we must look rather to the efficiency of our own pro- duction and to greater total volume and increased flow of international trade in which all can effectively share"

Far East Shortage Answering questions, Sir Stafford, said the Government hoped that Japanese textiles would be available shortly be

Giltedgeds Wero distinctly All Intending Passengers are requested to reglitor their names as

were 1/16 lower quieter and

far as possible in advance of the time at which they wish to leave where altered.

Agents: GLIN LINE LTD.

the greater part of the day fol

Kafirs were very subdued for Flowing Friday's statement by the President of the Transvaal Cham- ber of Mines, where he underlined 4.V. DENBIGHSHIRE.

gold mining industry. To

To M.V. "GLENAFT"" heavily the difficulties confronting M.V. "GLENSTRAE"

the close, however, it confirmed reparts that the South wards other African Minister of Finance was

calling a meeting with represen

Must Export "Japan," Sir Stafford added, "must be left after the settlement in such a no penes that she can become and rear internationally solvent, wise, she will require perman-

دنا

try

Anaconda Copper 364cause there was such a dearth!ent foreign support in the formative, of the gold mining indus-

the Far East of direct or indirect subsidies. Baldof textiles in

led to a sharp recovery in Aviation Corporation

not be supplied "It is highly improbable that prices and the awakening of pro- win Locomotive 18 Barnsdal which could 23, Bendix Aviation 30%, Betfile- fram anywhere else.

ary nation will be prepared to fessional interest.

continuously Asked whether it was pro- contribute hem Steel 92. Boeing Aircraft 21 Barden Co. 47 Canadian pozed to await an international Japan's support in this way, Pacific 12%, J, 1. Case 35, Chrys- agreement before imposing and the British Government for. ley 78, Colgate 47, Commercini

the their part, having regard to our Solvents 20, Corn Products 67, standards of labour for Dupont 169% Electric Light & Japanese textile industry which own foreign exchange difficulty Power 14 General Electric 38, would eliminate unfair compett and the urgent need for us to General 49, Goodrich 67, Good- tion, Sir Stafford Anid: "We become solvent ourselves, couir

not contemplate undertaking year 56, Homestake Mining 10, hope that, as part of the recon-

struction of Japan, such stan- share in sucli a bartlen International Harvester International Paper 44, Inter-dards will be imposed." national Tel & Tel 16, Johns It was the intention to try to Manville 121, Kennecott Copper develop the Japanese Govern- 43, Montgomery Ward 66, Nament along hines where it tional Lead 225, National Dis

GO

due from UK. 2nd Nov, Talkoo. Dock Loads for UK, Rotterdam_AḤt- werp Amsterdam-Mid. Nov.

+

Managing Agents: AUSTRALIA CHINA LINE

LV, NEWBROUGH

||

-due from Australia via Labuan.

Mid Nov.

Agents: THE WESTERN CANADA

STEAMSHIPS LTD.

Industrials were quiet through- out the day and movement was seldom more than a few pehce either way with the exception of nationalisation stocks and bre weries the latter showed appre

Hame rally recorded little cable movements on the day, change and Argentine ralls were also quies apart from a revival of S.B. "LAKE NIPIGON" interest in debenture stocka,

The foreign market was idle. Consols, 2 per cent 1945/75

War Loan,

31% per

To balance her 'payments, Japan must export, and after the severe curtailment which will be imposed for security 99

tillers 28%, New York Central would itself lmpose standards. Į measures on her heavy indus-cent Arsion Loan, 3% pet

15, Packard Motors 6, Pan-

13%, Pennsyl Americas Airways vania R 26, Radio Corporation Republic Steel 20, Reynolds Tobacco 38 Schenley 60, Sears Rebuck 36

Shell Oil 30, Socchy Pacific Vacuum 13, Southern 41 Standard Brands 39, Stan- dard Oil of Calif 54%. Standard

·O of. N.J. G. Studebaker 10%, Union Bar 20, Union Carbide 91%, US. Rubber 55. U.S. Steel 68, Westinghouse 23, Youngj

When told that the proposed of the Japanese resuscitation textile industry would cause profound dismay in Lancashire and asked for an assurance that Japanese textile exports would be confined to low-grade material, Sir Stafford replied that he could give no such as

surabice.

Weakened Power Other points from Sit-Staf- town Sheet & Tube 112-Asquelet ford; Crippa' original statement

today were.

ed Press.

New York Exchanges.

Japanese economic power will

ultimately emerge weakened as

a result of two operations, neither of which is directly re- lated to any commercial con- Bideration. Firstly, the restric- tions to be imposed on Japan-

cett

due from Vancouver, Shanghai

Mid Nov.

PENINSULAR & ORIENTAL STEAM NAVIGATION COMPANY

New War Loan, 3 per tries, she will have to conceu cent

Victory Bends, 4 per trate her efforts on her lighter cent

122, Saving Bonds 32 વ industries, including textiles.

1955.65 107%, Saving Bands This conclusion is inescap 1960.70 108-13/16. Saving Bonds 1965.75 109-16/16, German able it Japan is to become self-supporting,"

Loan, 3 per cent (Dawes) 11, economically Sir Stafford said.

Jananese Bonds, 5 per cent, 1997 Another point made by Sir 20; Canton-Kowloon Railway 24, Stafford in reply to a question Tientsin Pukow Raliway. 5-ber was: It has not yet been decent 27, Lung-Tsin U. Hai Rly, cided whether certain Japanese 5 per cent, 1913-26, Reorg, Lean. "BENALDER" industries would be placed un-ner cent 1918 (London Iss) 49,"SAMLAMU" 5.6 per cent, 1911 46,1 "GLENIFFER Fukuang Railway 5 per cent. "SAMADANG” ease of Germany-Reuter.

1911 28 Hogan Railway, 5 des public ownership, as in the Crisp Loan,

s

Gold Rumourin

Denial

Washington, Oct, 28. Both the White House and the ese industry to render Japan Treasury insisted today that the claiming that Permanently incapable of wag- broadcast report

New York, Oct. 31. American A/C Sterling 4.83 3/16, 4,03%, American A/C Ster- ling 3 Months 4.03.6/16, 4.03, On Sweden 27.82, 27.84, France 84 84 Switzerland (Official) 24.00, 24.25, Switzerland (Free) 24.70, 2495, Spain 920, Portugal shipping, aircraft and metals that the United States had recent- 4.04b, 4.06a, Australia 3.23, New industries. Secondly; therely informed

Zealand

tine (Official) 20.78, Argentina

ing another aggressive war the Government was about to re- would include at least a severe value gold at $52 an ounce was reduction of Japanese steel, inaccurate, official pointed out

Treasury A heavy engineering, chemical,

On

the international

1.25, South Africa 4.02, would be a reduction in other Monetary Fund that its value for the dollar is $35 to the gold ounce, British East Africa 20.25, India

india industries consequential 20.29 China unquoted, Arge these, so as to leave Japan with it has been since 1934 and į (Free) 24.53. 24.59, Brazil 6.45, a balanced economy. Finally, all Bolivia (Official) 2.00, Bolivia Japanese physical and economic (Free) 2.38, Chile (Official) 5.16, assets abroad would be taken Chile (Free) 3.25, Chile (Export) away.

4.00, Colombla 60.98, Cuba 100, Surplus equipment thrown up Ecuador 7.60n,

Gunteminin 100, by these operations would be Halland 37.78,

Mexico 20.57, available ás reparations to those 20.61, Peru 15.50 offered, Uzu- countries which had suffered by

56.50, Venezucia guay 68.00, 29.00, Netherland West Indies Japanese aggression.

63.05. Dutch Guiana 68.35, Mon- treat on London 4.02, Montreal on New York 90.080, Swiss Bank) Notes rate 30.00, 12.00, Belgium Franc 2.28 2.28% Reuter,

Company Earnings

Unfair Japanese Competition

The British Government are fully aware of the damaging ellect which low-priced Japan- ese competition had on our ex port trade in many fields before

Railway,

From U. K. U. K.

Bombay

Ship TREVETHOD"

Bombay vla Kure

U. K.

U. K.

Lands For

Straits, & Bombay

eent, 1905 32 per cent

Shanghai-Nan TREVAYLOR"

"TREVEAN” Met- "A"-22

Ship cantile Bank of Indie 27, Chartered Bank of I. A. & C. 11-11/16, H.K. & Shanghai Bank-

"SAMLANU" ing Corporation 85, Lydenburg Estates 92/6. South Africa Town- "TREVETHOE" ships 25/9, Selection Trust 41/10, South Africa Terbanites 11/6, Canadian Pacific 17, Mexican Eagles 15/9,--Reuter.

NOTICE TO. CONSIGNEES

S.S. "MAROSA”

Dua 31st October Early November Early November Mid November Mid November November December

Ready

Early November November

Straits & UK. "Accepta cargo for London, Antwerp & Rotterdam,

BRITISH INDIA STEAM NAVIGATION CO., LTD.

SHIP

"BINFIELD"

SHIP

that it sees no reason why 1

No claims will be admitted "BINFIELD" change should even be discussed.

One effect of the report was after the goods have left the after 1st causa a rise in the prices of gold godowns and all goods remain-

undelivered mining stocks at the opening of ing but they lost half the maximum gain of two dollars a share before the close.lepter.

FROM

Rangoon

LOADS FOR

DUE Discharging READY

Straits, Madras, Calcutta, th November

the New York Stock Exchange November 1946, will be subject EASTERN & AUSTRALIAN STEAMSHIP CO., LIP.

General Average S.S. "Glenfinlas" Fire at Birkenhead.

to rent.

All claims against the steamer must be presented to the under- 21gt sighed on or before November 1946 or they will not be recognized,...

No fire insurance will be effected:

All broken, chafed or damaged goods are to be left in the

the war," Bly Stafford said. Owing to fire having broken godowns where they will be

"This competition derived much

of its effectiveness from the out on this vessel and damage examined by the Consignees low labour standards and from being caused by water in ex- and the Company's Surveyors, General Messrs. Goddard & Douglas, at Unguishing it Government manipuintion of New York, Oct, 28, -

has been Average

declared 30th October 1946 (10 am). General Foods Corporation re-exchange subsidies and other ported a bine months net earning methods which can be regarded as inconsistent with proper commercial standards.

of 813110,383, equal to $2.75 a share compared with $2.02 a share far the corresponding period in

1945.

Remington Rand's preliminary report showed a six months pro- fit ended Sept. 80 of 5,770,305, equal to $2.74 a share compared with $1.24 a share for the same period last year. The report] said the increase is due partly to increased operating profit from foreign subsidiaries and branches. The Anchor Hecking Glass Cot horation reported the profit for the your ended Sept. 80 wa compared with $2.37 share the Previous, yeastiated Prest

Con

Consignees of all cargo which To comply with General Bonded was on board at the time of the Warehouse Regulations fire will be required to sign an signees must have a Revenue Average Agreement and to pay Officer ir attendance, when deposit of 10 before their dutiable goods are examined. cargo will be released.

GIBB, LIVINGSTON & CO. LTD. BUTTERFIELD & SWIRE.

Agunta.

Agents.

"It will be the British Gov- ernment's policy to endeavour to eliminate Buch unfait competi tion, not only in Japan but wherever It arises, by interna tional agreement and in any way that offers. The Brition Government will also take all Hongkong, 23th October, 1940, Hongkong, 29th October, 1946.

N.Y. COTTON

34,211,604, equal to 36-40. a share Cotton futures tumbled $10

BOMBAY SILVER & GOLD

Bombay, Oct. 27

Lupels Annas

Silver. Iteady

12

Silver, Fo

100 telas

Gold Delivery

12

per tola

New York, Oct. 28.

bale, the permission limit, on ware of commission hoses selling Later ses improved but in the final h

hour henry selling

s

Again encountered Futures closed

Pacific Far East Line

Sailing From Hong Kong Trans-Pacific

SAN FRANCISCO & LOS ANGELES (LOADS HONG KONG AS INDUCED)

9.60 10:10 bals-lowers.s. "Louis Sloss

Dec. 31,15 March 3000

MAY

30.32, July 20.40 Oct. 20.05, Dec.

25.70 Match: 20.20-28, Minulla SS.

"China Victory

9th Nov. Mid Dec.

gpot 81.80 nominal, Associated 5.5. "Herbert D. Croly Mid Dec.

LONDON SILVER

G GOLD

London, Ort, 21. Silver Spot, der fina og 5648, Sliver Forward per fins bz, 5564, Each Bar Gold, Fina oz, 172/3 Rea

s.s. "Britain Victory Late Dec.

GENERAL AGENTS

UNITED STATES LINES COMPANY

814, Queen's Building Telephone 38092,

Passengers & Freight to Australia

For full particulars apply to

MACKINNON, MACKENZIE & CO.

Telephone Nos. 27721-4,

PRINCE LINE

VSA FAR EAST-HALIFAX-BOSTON NEW YORK

Loads for Singapore, New York and Atlantic Coast Ports S.S. "SAMMEX"..Arr. from USA, & Shangbai Kowloon &

DUL 23rd NOT MY. "SCOTTISH PRINCE

CO., LTD.

JARDINE, MATHESON N&O

Tel. 30311-

Chinese Freight Agents: CHEONG FAT CO..

Telephone 20037.

SWEDISH EAST ASIATIC CO., LTD.

"MV. NAGÁRA. MY. HENARES MV. VASAHOLM M.V. BATAAN"

MY, NAGABA

COUTWARD

discharging Hong Kong discharging Bong Kóng up discharging Hong Kong 770

discharging. Hong Kong 1st HOMEWARD

loading Hong Kong 15th Noven

Port Said, Murteilles, Antwerp, flottenlam Copenlangen, Osio and Gothenburg (Also Gence for inducement): For further sa culare, apply to m

GILMAN & CO., LTD.

Agents, Telephone 27871.