1947-07-11 — Page 10

THE CHINA MAIL, FRIDAY, JULY 11, 1947.

JAVA CHINA JAPAN LIJN N.V. U.S. NOT CONTRIBUTING TO

FREE-MARKET GOLD DEALS

King's Buliding, Connaught Rand,

Tel: Shipping Dept. 28016. Passage Dept. 28017. Chhane Agents, Connaught Road, C. No. 82, Tel. 26133.

Ship

BN, “TJISADANE”

due from.

Salling for Amoy. Shanghai & Japan,

20th July

Macassar & Java Pucts,

18th July

STIRADAR"

Java. Macassar

& Manila,

Amoy & Manila,

26th July

23rd. July

Agents:

K.P.M. LINE

(ORIENT JAVA AFRIČA LINE).

"STRAAT NOENDA" South Amerien Landing fur

South Africa Mauritius, Lourenco

Shanghai

19th July

Marques. Beira, Durban, kad London, Port Elizabeth, Mosselbay,

Capetown, Buenos Aires, Montevideo, Santos, Rio de Janeiro,

4th July Transhipruent cargo on through Bill of Lading accepted for Bar-Ex-Salaam. Mombasa, Zanslbar,

1.8. "BOISSEVAIN" In reconversion Loading for South Africa

South Amerlen Angust

| Saliable cargo tanks for bulk oil

(DELI-STRAITS-CHINA LINE)

DES. "VAN HEITSZ"* Belawan Deli,

Agents:

ms. "DERWENTHALL"

Swatow & Penang & Singapore, Amoy. 19th July

17th July

SILVERLINE LTD.

US Atlantic ports via India srond ball July

ins, “SILVERSASÐAL" Persian Gulf ports

Agents:

Karachi,

second half July,

US. Atlantic parts via Straits and Suez, Inte July.

U.S. Attantle ports vla Stralis and

Suez, August

HOLLAND-EAST ASIA LINE

18. "SIMON STEVIN"

Shanghai 22nd July.

Loading for Manita /Singapore / Colombo/Suez/Port Said/ Genoa Marseilles/ Antwerp/Rotterdam: /

cargo tanka for bulk oll | Amsterdant 'Hamburg/

15. "ERASMUS"

Europe

Jade July

*.8. "HUGO de VRIES' Europe

Jale Aaçırıl

dale caru berk, › Tor bazik wis -

|| Copenhagen /Gothen-

tore Oslo,

22nd July.

Loading for. Mania/Singapore/

Ustomía/Suez/Port Said/ Lenon/Marseilles/ Antwerp Rotterdain / Amsterdam/Hamburg/ Copenhagen/Gothen-

borg/08fu. end August.

Loading for

Manlia Singapore/

Colombo Suva Port Said!

Genoa /Marseilles/ Antwerp Rotterdam? Amsterdam #amburg/ Copenhagen Gollen- burg Oslo.

end Sentensher.

Peninsular & Oriental S.N. Co.

SHIP

"REVAYLOR"

NORELG"

*DAN-Y-IRYN”

"SCYTHIA”

'STRATUNAVER“. "TELWORLAS"

"TRESILLIAN”

SHIP

ARRIVALS

FROM

UR. & Straits Karachi &

Bombay

Bombay

& Karachi

U. K. & Straits

tombay, Colombo

& Stralis

DUE

15th July 15th July

Early August

8th Aug. 15th August

August

UR. & Straits

Uk. Genga

.6.K.. Genoa,

August

Bombay, Colombó & Straits.

SAILINGS

"TREVETHOE"

"TREVAYLOR"

(Passengers Only)

TREVAYLOR"

"SUYPILA"

"STRATIINAVEIU

(Passengers only)

TO

Singapore, Penang. Genna & U.K. ..Shanghal & Kobe

Straits & V..K

READY

12th July

N.Y. Stock Market

London, July 9; ?

1.2

The "Financial Times" Washington correspon- H.K. Stock

New York, July 10. Light selling depressed past stock market leaders on Wednes. It

dny after in straleht rising sersions-a record since the boom year of 1929, Brokerage cur. tomers were

cash fuelled to profits on the lengthy upswing with the kien a technical correc tion was overdue!

Extreme losses ranging from two or more pults were reduce

dént says that United States officials are

studying the International Monetary Fund's

statement of June 24 on free market gold dealings at premiums.

Exchange

netivity

the Docks,

"There, "Wid", much Popular se, especially la Hotels, Tramid, Chfón Llubia and Watsons. Belp belig ni Rood Fupply caused some regession in prices towards the clowe.

Closlum Bates 8.30 - pal [[IK · Govt. · Lemeno

195, DA 10% b │Tinka' İL¤. & H. fìank, 1685) 2009.

(LO, Rr.) CH:

LORD.

is believed that the United States Government is not now contributing to this trade although during the war it supplied gold which found its way into the free markets of China and the Middle East. Officially the U.S. Govern- price of gold between $500,000,-/50/40. ment views the Fund's action | 000 and $1,000,000,000 annually, Charteret Bank 211 0/14n: Marconill with full sympathy, which is of which only a small fraction | Uk. A. & 11. 272n; Bank of East Asia

in done by the United States.

Insurance Contul Ink, 4804 Washington has heard little unfurt, the 7505 75: China

nijout | weitern da: TLK: Fire Try, #50%. United States private inter- the Fund's appeat which is con-- Bildpine. qualuere 246n; ILK. & M. ests, including smelting and refined to International and not teambus 11 In Chloe faing companies. banks and domestic gold transactions. It XP 11, (Def.) (X) 372b; Shelle arbitrageurs, however, are still in hoped that Mexico's burpen- 2746. participating in external gold sion of gold export sales will transactions. This business be permanent. entirely legal but some officials are belleved anxious to reduce or eliminate it.

in most cases at the cluse, Transat surprising since the United States directly easts more than one-third of the Fand's votes.

fers totalled 1,050,000. Gainers included Allied Chemical, Ameri- Pan Woollen, Proctor and Gamble, Western Union. Ainong laggarda were Union Parifle, Norfolk and Western, Supersor Dil. Douglas Aircenfi,

Dow Jones Averages: Stock: 64.42; 20 Industrial 181.72; 13 Kalls 47.92: 10 Utiütles 35.57.

Bardon

Since the business is legal. the probable course would he for the Treasury to suggest a lecontinuance and for traders to follow the suggestion.

reaction from 'nembers

One official stated: "The toercive powers of the Fund is Krently attentunted," the cor- respondent concludes.-Reuter.

Americans participate in the Indian

Sterling Balances

sterling

|

Unkurz (Denver) 102/ON:

Under-

(Proff

Waterbonts

· Decks, Wharna; Godowna, Rie. Kl.

@X. Whaven 255; H,K, Doeke 2015 34/37/85 % ma: China Providente 12% 20/28/28: Bhal Dockyards 1811⁄2n,

Mining. Reub" Mines 7; K Hines icia.a.

Lande, Hotele ♣ Biden. 15. B. Hatol

214 24 24/245/352 H.K. Lass 72b 20/70%; Shaf Lande ins Hum phreys Estaten 246 256; H.K. Realtim Taь 17%A 10 Chire Easies

10011.

Pablle U11, 18.35. Tramwaye 24 1, ,254 20/2134/20am: Peak Traṁa (Old) Jn. Fatew) 40: BIAY Ferries 1176: Yumat Ferefen 31n;, a Light (da 175 8/1731/17,00mm, (New) 12 Ne Electeles 12%; TR.16.

OK GR/ARK: Macno Elertzles 216 21 Sandakan Likhle 121⁄4e; Telephines (0%| 62% 50%/81 4/7, (New)

116 1/11.

Industrial Canton Tera 74n: Cement. (X) 256 255/50: BK Bopri 2016 2014/3xx.

Closing quotations for July - Aduan Express 10%, Alaska duneng 6. American Can 92~. American Smelling 58%, Amer

Amerlenn can Telephone 156, Tobacco 75%, American Water works 13. Anaconda Copper 361⁄2, Aslation Corp, 51%, Baldwin Locomotive 18*, Barnsdal 28.

free gold trade in two ways, Bendix Aviation 2%, Bethlehe

Smelling and redning concerns. Steel 471 Boeing Aircraft 16,

under the Treasury gold licence B Canadian Pacific 12. J. 1. Case "a re-export gohi imported in go'd 24 bearing materials. This trade Colgate Chrysler 1123, Commercial Solvents 25%, Corn has been permitted to enable Dupont 1954, smelters to compete with for- Eastman Kodak 45. Electric eign smelting companies. Most

London, July 0. Light & Power

General | farger smelling companies, bow- Talks on the Indian General Motors

ever, import emneentrates,

balancer-the largest of

Floral &c. Dairy Farmsa : Watas ax Goodrich 55%, in dyear 44.

Britain's war dobts-opened [!!! [ ¢â1⁄4» ©3/443⁄41⁄2/&iua; Lane, Crawfords 416 Homesta Mining 46', Interna

Premium

London today between the Indian stan: Hinceres 10: Chine

Emporium tional Harvester

Interna

BA: Secondary

gold filings and delegation, led by Narahari Rao, Converted. 44: Bon Co.,

Hong 225; Wing On tisual Paper 17 anni To

Financial-Secretary to the Gov Kwang Bang

(X) 195mm: Wm. Powell, Bid, 6%. Cipping are sent to the United ernment of India, and a Britiali Kemerol Copper

45.

Kincstiansons.. Mout States for refining by smaller Treasury delegation, led by

Chine Enteriæłament» H.K. Constructlens (Old) 7. query Ward it. Notional Dig companies. Al such gold im-Wilfred Endy. files 217%, National Lead 84%, ported for re-export is cureful] The balances total: £1,178,400,- | Kaieman" Investments 13/36; Maremaa. New Vigk Central 15"), Packard by recorded. Foreign sellers of con, held by the Reserve Bank of 8.8.1/8. Moters & Pan American Al-gold-bearing materia's or age- Inda, and represent more than a way, 11's, Pennsylvania RR 20, ondary gold receive from Unit-third of Britain's total debts. Raidia Cora, & R

ed States aielters and refinera Reynald

final decision on the a price as high as the sellers balances can, of course, bo reach- Schentes,

H. Sears Rochick Mi

could obtain elsewhere, namely, ed but an interim agreement will Socony Vacuum 10, Southern Phife 43

a premium, Standard Bran

be made to cover the period ba 429 Standard Oil of Cal, 60',

and re- tween July 15 and the date when Standard Of

of X. J. 7 fuera in turte to recoup the lending representatives Stuelsker 1 Tinion Blog 32 price for imported material) Indian Government can come Eaton Challe 107, US. Rübler arrange for a gold sale abroad. | London for the na! discussions. 48. U.S. Steel 71, U.S. Lines 21%. Increasingly, this involves the The latter date is at present Westinghouse 7%, Youngstown services t arbitrageurs

or quite uncertain, it was said to Street Tal 45%, Greyhound 10. American baules with brances day--Reuter. Public Utilities 1976--Asstiejaled abroad. Pres-

Stee

American Smelters

While unic odd mining in- terests view this askance.. no

London Stock organised pretest has hern

Market

made.

The continuance of this external gold tende wonid doubt- Jess be eventually used by do-i mestic gold-mining interests as propagania in favour of raia ing gold prices.

London, July 9, The conduct r today's markets in face of the rather | depressing statement by Mr. Moh rison, President of the Council, was rather surprising with the world business 120mm; in mail sections very Arma

at the close,

frutinlly

The duliness which

brned the markets soon dis appeared, dansile stocks takiny

fe-art from giltelged, which finally-closed-at-1/18-to-4-point- better on the day.

Industrials showed slight im- provements, including browerles and collieries, while tobaccos e covered some lost ground. Ship ping issues also were well to the fore.

in the absence of Cape selling. Kaflrs went ahead, with coppers also accepting that lend, .Oils were rather quiet, apart from Anglo-Iranians,

Interest in forulgen bonds was centred an Japanese, which were firmer. Reuter.

18th July

10th Aug.

18

2nd Sept,

.Straits, Genoa & U.K. August

.Straits & U.K.

British India S. N. Co., Ltd.

Passengers & Freight to India

Eastern & Australian S. S. Co., Ltd.

ARRIVALS

SIUIP

"NANKIN"

"EMPIRE ATHELSTAN"

Little Reaction One official estimated the in premium

No

Silver

NEW YORK SILVER

Sir

thin

to

(New)

; Vibra Pillow:

Cattons. Ewon Mn.

-i L

Notice to Consignees

S.S. "TAKSANG" from Calcutta, & Singapore Arrived End July, 1947

Damaged cargo ex this vessel will be surveyed in the premises of the Hong Kong & Kowloon Wharf & Godown Ca. Ltd.

between the hours of 10.00 am.

and 12.00 rood on 11th July, 1947. Consignees are warned that calma for damage or. shortages may not be accepted New York, July 9.

If the damage, is not surveyed buyers were cautious on the New York market in the presence of Consignees at more by Meuirs. Goddard & Douglas today and purchased only 175,000 ounces on the basis of 80 cents this appointed time and Con- per ounce.

signees are advised to have their Representatives present doring the Survey.

Lowdon was disinterested the time being--Beater.

for

Gold Offer At Over

Official Price

Ottawa, July 10,

Financial and mining circles show keen interest in a report from Toronto that the American Smelting and Refining Company has offered to sell gold to foreign buyers at more than the official price of $35 an ounce.

The Toronto report quoted the

A BRITISH CROSS WORD PUZZLE

4

JARDINE, MATHESON &

CO., LTD.

General Managers:

INDO CHINA STEAM NAVIGATION CO. LTD.

1.

MAERSK LINE

formula to ROITO British Toronto Daily Star" as saying Columbia gold mines whereby Notice To Consignees the American Smelting and they could sell their production at Refining Company had proposed free markot prices.

The M/V "Laura Merak" The proposal, It was suggested, having arrived from New York might bring to a decision a, dis-and Ports of call. Consignees pute which has been argued in of Cargo are hereby notified Ottawa for

months whether that their goods are being land- Canadian gold mines could their product for more than the the Hong Kong & Kowloon sed and placed at their risk into fixed price if the would let them,

10

6

14

16

17

18

19

20

FROM

DUE

22

23

Australia &

Early August

New Zealand Melbourne &

24

Early August

Sydney

For full particulare apply to

MACKINNON, MACKENZIE & CO.

Telephone Nos. 27721-4.

HONGKONG-MACÃO LINE

6.S. "WING HING"

DAILY SERVICE

Leave H.K.

1.30 PM

Hongkong Berth -- Tung On Wharf

Leave Macho 3.00 A01

Connaught Road, Central Macao Berth No. 20 Wharf For Freight & Passage please apply:

TAR CHEONG SHIPPING CO. Phones 25118 Whiteaway Laidlaw Bullding.

26125

126.

Clues Across

3. Perspices,

19. Dólude.

away.

8. Continent. 22. Hidden D. Plender. 11. Thetful, 12. Tidy. 13. Naiivo

soldier. 18. Shy.

24, Base. 26. Ambassador. 20. Keep -back,

Yesterday's Crossword

110

25

Clues Down

1. Bowlegged, 10. Poison.

2. Force open. 14. Lorget for. a. Bright red. 15. Producod.

Walk

16. Ghost. through

17. Alming. Water.

mark.

5. Plunder, G. King of paint,

20. Perfect. 21. Reptile. 22. Girdie. 7. Scabbard. 23. Dungeon. Across:- Disposes; 7 Delta: Dared; & Prey: 6

Down:-1 Adore; 2 Slope; fl

Slanta; 8... Raverent; 10 Raptor; 13 Saturn; 9 Erects; 11 Anne; 12 Emended; 15, Star; 17 Cortain: Infer: 14 Desert Stain) In 18 Azeria; 26 Dear; 21 Serialas Aislo: 18 Advent; 19 Savogs; 22 26 Rennet 27. Emaciato; 28 Reefs; 28 Anont; 24 80; 25 Final; 20. Treaties.

VLIN

government

Wharf & Godown Company's godowns at Kowloon, where de- livery may be obtained as soon as the goods are landed.

The government view has been that no considerable amount of gold could be sold in a tree gold market for more than $55 and federal authorities have refused landed here, unless notico has Optional cargo. will not be to give the mines pormlesion be-been given 48 hours prior to cause of the effect it would have vessel's arrival; but carried on on Exchange control with the United States,

'from'port' to port to the final

The government gives British port of call to which the option Columbia mines permission to extends. ship concentrates to American

refineries because there are nu No claims will be admitted rofineries nearby in Canada. All after the Goods have left the other gold has to be sold to the Godowns, and all goods remain- Mint in Ottawa at $35 Anso-ing undelivered after the 15th July 1947, will be subject to rent.

ciated Press,

PENINSULAR &..... ORIENTAL S, N. CO.

S.S. "STRATHNAVER"

All broken, chafed, and dam nged Goods are to be left in the Godowns, where they will be examined on 14th July, 1947, 10a.m. by our Surveyors, Mere. Goddard & Douglas.

A limited number of Berths To comply with the General will be available for civilian Bonded Warehouse Regulations passengers to the United King- konsignees mast have -n ·Ne dom, in's "STRATHINAVER" Vente. Offeer in attendance which is expected to all at the whch damaged dutiable goods. end of August.

are examined.

."

All intending passengers are · VAI 'claims must reach us bo- naked to register their names fore the 9th August, 1947, or with tho undoraigned, or with- they will not be recognized, recognised travel agent, before 15th July, 1947.

MACKINNON, MACKENZIE

&.CO.

Agents,

No Insuranco will be effected.]

JEBSEN & CO., Agents Hongkong, 9th July, 1947.-

:

AMERICAN PRESIDENT LINES.

REFRIGERATION-SPECIAL CARGO OIL TANKS-

"CARGOCAIRE—SPECIE

SAILINGS

SAN FRANCISCO AND LOS ANGELES VIA SHANGHAI, KOBE, YOKOHAMA & HONOLULU

68 "Marine Adder" (Omits Honolulu & Japan) July SS "President Grant" (via Shanghal) 85 "General Meirs"

*NOTE:

12

July

Aug.

Third Class Passage Fare from Hongkong to Pacifio Coast in US$175.00 Pius US$8:00 for persons who are not U.S. Citizens.

'

NEW YORK AND HAVANA VIA MANILA. SINGAPORE, COLOMBO, COCHIN, BOMBAY, SUEZ AND MEDITERRANEAN PORTS 58 "Marine Snapper"

88 "Scott E. Land"

July July

28

SS "Marine Fller"

Aug.

MANILA

8.8. "Marine Lynx” SS "General Meigg"

July

-18

Aug.

1

AMERICAN PRESIDENT LINES, LTD.

Tel. Nos. 28172/28175

St. George's Bldg.

Pacific Far East Lim, Inc.

TRANS PACIFIC SAILINGS,' To San Francisco & Los Angeles

-SPECIAL CARGO OIL TANKS

8.S. "LAKEWOOD

VICTORY"

Due

Saila

July 19

July 20

8.S. "FLEETWOOD" B.8. "PACIFIC BEAR" 8.8. "LIGHTNING"

24

+4

.. 24

Via Yokohama Direct

29

Aug. 5

30 Aug. 5

Ammerte

Via Yokoliamá

Direct

meer Line

MmerteamPioneer

Arrivals from New York, Boston, Other Atlantic Ports via Panama

8.3. "PIONEER GLEN"

Due July 12th

Sailings to New York, Boston, Other Atlantic Ports via Panama Canal

- SPECIAL CARGO OIL TANKS — 5.5. "AMERICAN FLYER"

Salls July 13th

Sailing to Melbourne, Sydney thence to New York,

Boston and Other Atlantic Ports via Panama- 5. "PIONEER GLEN"

V

For Full Particulars Call

Salls July 14th

UNITED STATES LINES CO.

General Agents

814, Queen's Building.

Tel. 31251 (3 lines)

The SWEDISH EAST ASIATIC Co., Ltd.

OUTWARDS TO SHANGHAI

M.V. NAGARA M.V. FORMOSA M.V. BENARES M.V. TONGHAI

discharging H.K. 24th July discharging 10th August discharging H.K. middle Sept. discharging HK. middle Sept.

HOMEWARDS TO EUROPE

M.V. NAGARA M.V. FORMOSA

loading H.K. 8th August loading .K. curly September LOADING FOR PORT SAID, GENOA, MARSEILLES, ANTWERP ROTTERDAM, COPENHAGEN, OSLO AND GOTHENBURG.

Tanks avaliable suitable for the carriage of oil in bulk. For further particulars apply to:---

GILMAN & CO., LTD.

Agents, Telephono 31140. -

KLAVENESS LINE

SAILINGS

Direct to LOS ANGELES, SAN FRANCISCO, PORTLAND, VANCOUVER & SEATTLE.

m.6. SOMERVILLE

m.n. "ROSEVILLE"

SAILING 6th AUGUST

SAILING 6th SEPT.

ARRIVALS FROM PACIFIC COAST

m.8. ROSEVILLE

·

DUE 4th AUGUST SAILING FOR SINGAPORE 6th AUGUST

PASSENGER ACCOMMODATION. *BULK OIL TANKS, ...),

Chinese Freight Agents.

: HOO FOOK PING,

THE BANK LINE (China) Ltd.

Apply:-

THE BANK LINE (CHINA)-LTD.

King's Building. Tel. 27792

DOUGLAS STEAMSHIP CO., LTD.

S.S. “HAIYANG” Sailing for Swatow

On 14th July at 4 p.m.

Subject to alteration without Notice.

For Particulars of Freight & Passage. Please apply, to

DOUGLAS LAPRAIK & CO.

General 'Managers.

P; &O. Building, 5th floor. Tol. No. 81281

OF

CHINESE SHIPPING DEPT.

20 Connaught Road, Central Tel. No. 24089