1948-01-14 — Page 10

ROYAL INTEROCEAN LINES

KONINKLIJKE JAVA-CHINA. PAKETVAART LIJNEN N.V.

Incorporated in the Netherlands King's Building, Connaught Road, Tel: Shipping Dept. 29016. Passage Dept. 28017. Chinese Agents, Connaught Road, C. No. 82, Tel. 26138.

CHINA and JAPAN LINES

“TJIBADAK"

"TJISADANE"

DUE FROM

Macassar & Javaports, 16th Jan.

Java ports and Macassar

16th JanUNTY Sailing for

Amoy & Manila

SAILING FOR

Batavia, Semarang,

Sourabaya B

Macassar

24th Jan.

Batavia, Semarang.

Macassar &

Soerabaya

31st January,

ORIENT-JAVA-AFRICA LINE

SOUTH-ATLANTIC LINE

TEGELBERG

Due from

South Africa

Loading for

South America Manila. Singapore,

22nd Jan,

Salling for Shanghai

4th Feb.

Mauritius,

Lourenco

Marques, Detra, Durban, Enst London, Port Elizabeth.

Mosselbay. Capetown, Buenos Aires, Monto video, Santos, Elo de Janeiro.

12th Feb.

Sailing 14th Feb.

Transhipment cargo on through bill of lading accepted for Dar-Es-Salaam. Mombasa & Zanzibar.

"STRAAT

SOENDA"

RUYS

South America, South Africa 25th Jan,

South America South Aftlen 29th Jan..

Shanghal. Yokohama 27th Jan.

South Africa South America 10th March

DELI-STRAITS-CHINA LINE

Due from

"VAN HEUTSZ” Belawan Dell,

Agents

Penang. Singapore

18th Jan. Salling for

Swatow & Amoy

HOLLAND-EAST

"LEOPOLDSKERK” Due from

Japan & Shanghai, 10th Feb.

"MOLENKERK" Curope on or

about 18th Jan.

Sailing for Shanghat

& Japan

"ALPHERAT” In Port

Sailing for Singapore, Penang & Beinwan Deli

2th Jan.

ASIA LINE Loading for Manila/Singapore / Colombo/Port Sald/ Alexandria Genoa/Marsellies/

Antwerp /Rotterdam/ Amsterdam/Hamburg/ Copenhagen / Gothenburg/ Oslo, 11th Feb,

Mandia/Singapore/ Colombo/Port Said/ Alexandria

Genoa /Marseilles/ Antwerp /Rotterdam/ Amsterdam /Hamburg/ Copenhagen/ Gothenburg/Oslo

Middle of Feb.

Maulla/Singapore

Colombo/Purt Sald/ Mexandria/ Genoa /Marsellies / Aniseerp/Rotterdam/ Amsterdam/llamburg/ Copenhagen/ Gothenburg/Oslo early March,

Agents: SILVER LINE LTD.

"IIENDONHALL” Due from

Salling for

U.S. Atlantic ports. U.S. Atlantic Coast late February Ports via

Singapore and Suez,

DE LA RAMA LINES

EXPRESS CARGO LINER SERVICES

TO AND FROM PACIFIC & ATLANTIC COASTS

U.S.A. LOADING DATES

Loada

Date

Vessel

Atlantic Coast

via

Late Jan. Early Feb.

ARRIVALS

m.v. "DONA ANICETA"

m.v. "MINDORO"

Los Angeles

From

Atlantic Coast

via

Los Angeles

For

San Francisco

& Los Angeles

Atlantic Coast

vin

Los Angeles

Date

22nd Jan. 22nd Jan, Late Feb.

SAILINGS

Date

23rd Jan.

26th Jan. Late Feb,

Vessel

m.v. "ANDAMAN”

1.5. "DONA AURORA” m.y. "DONA NATI"

Vencl

.V. "ANDAMAN”

8.3. "DONA AURORA” "DLY. "DONA NATI”

BOOKING AGENTS for P.A.L.

THE DE LA RAMA STEAMSHIP CO., INC.

MARINA HOUSE

Telx. 28676-22675

CHINESE SHIPPING OFFICE

Tela. 28738-20188

THE CHINĂ MAIL, WEDNESDAY, JANUARY 14, 1948.

FRANC TO BE DEVALUED? Question To Come Before Cabinet Opposition From Kong

Monetary Fund

Hong Stock Exchange

Another uninspiring day

with what

Jude Turnover reported showing Froz

TO 14

H.K. GOVT, LOẠNS 14-16%. 35 Komt 101.

BANKS

11.K. & 8. 3ank 2017b, 20401, de dizan, Rem) £121. Chartered Bank 110/ton. Mercantile 12k. A. & 1. 21, Bank of East Anda 1275, 135am.

INSURANCES

Photop in. 3803, Indon Inw. 270H, KOUS Ching Underwriters 4lyb, }.X. Fir? Iam, 300n.

SHIPPING

Nomar 24vn.

RK. & M. Breamboats 150. Inder Chlons | Perf) 160m.

Judo Chinam (Def.) 300n.

Sh (Beurer 762.

U. Waterkonta 109) 47b, 45en,

11, Waterbnate (New) 44Sýn, DOCKS WHARVES, GODÓWNS, ETC.

H.K.K. Wharven 1919) 167N,

** (New) (P, Ply 1481,

(New) (P, I'd pan.

H.K. Docks 3942, 44444 35. Chan Preseidente 28%.. Shal Boxkynu th MINING

Raub Mines & lyb, flymas, H.K. Mines „928h, „93an,

LANDS, HOTELS & R1009.

H. & R. Rotels 241⁄4r, 27%an.

London, Jan. 12, The Financial Times Paris correspondent says: "Well-informed quarters expect the French Cabinet will this week for the first time examine the question of direct or virtual cur rency devaluation and other monetary mea- sures, which so far have been discussed only privately by the principal Ministers and de- partments concerned.'

It still uncertain whether a Ginal decision can be made within the next few days as the pre- Uminary talks in Washington with The Internati: nul Monetary Fund und United States Treasury had not apparently finished this week- end.

The French request for approval on of a multiple exchange rate the Italian model seeras to be meeting with unexpectedly sift resistance from the International Monetary Find, which seems will Ing to agree to a strict change of the frand's parity only,

N.Y. Stock

Market

New York, Jan. 18.

The Prewident's budget message left the stock market rather cold today, with the exception of mireraite, and the response

of way market leaders was a retreat d

fower territor

Belling was attributed mainly to denilira

regarding business; taxes and torrian et rain. There were 1,000,000 tranateri,

Gainera

Imekulet United Aircraft, Douglo Afreruit, Glenn Martin, Jack- heed. Regablie Folianshee Kteel, Catleg

were Gulf 00,

It is believed, therefore, that if the LM.F. consented, the Frenchpillar Tractor. Treasury might drop its original Among lower plans and simply devalue the Pacife and Textron. Trane de facto by increasing the the | buying and selling 'rate of

foreign exchange office, though possibly without modifying the Bank France's gold price.

H.K. Lanils told) righ, we may which would be legnt devaluation.

1.K. Lands (New) 168,

Stal Lands Byh.

Humphreys Estates 29 n.

Ii.X. Ite=im lớn,

Chinese Etnies 1868.

PUBLIC UTILITIES

H.K. Tramwayn 2345, 241⁄41⁄4m. Perk Trama (Old) 170, Peak Trams (New) Un, Star Ferries 1255.

Ynamati Ferrien 2u6, 2014»

C. Lights (Old) 20, 21,

4. Light (New] 16%%.

Colonial Franc Recent press reports indicate that the French Treasury had contemplated raising the dollar rate from 119 to 200 or 220 francs for transactions by the foreign exchange cffice, to which expor ters would have to sell half their sales proceeds.

London

Stock Exchange

London, Jan. 12. British Consuls, 1945/75..... 42.JP SECURITIES: Conversion Laan, 25, 1761, 146-1⁄4 Funding Loan, 1963/00

PRESIDENT LINER

SAILINGS *

REFRIGERATION-SPECIAL CARGO OIL TANKS-

CARGOCATRE SPECIE

TO SAN FRANCISCO

68 "President Cleveland" (ria Shanghai, Yokohama &

Honolulu) '88 "General Gordon" (vla Manila & Honolulu). Jan. 21 Jan. 20. 88 "General Meiga" (vla Shanghal, Yokohama

TO NEW YORK AND HAVANA VIA MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAY, SUEZ AND MEDITERRANEAN PORTS

SS "General Gordoń" (via Manila & Honolulu)........ Mar.

Honolulu) Feb. 14

C

112-

War Loan,

14, 1052

103-

War Lawn, 36

101.

Victory Bonds, 4%

135-12

88 "Clavis Victory" (via Manila and Cebu)

TO SAN FRANCISCO AND LOS ANGELES BS "President Pierce" (S. F. Direct)

RAILWAY BHARES,

British Transport, 3%

DH-T/10

11.A.T.

#

SS "President MoKinley" (via Shanghai & Yok hama) Jan. 23 68 "President Jefferson" (8. F. Direct)

Jan. 30

Ján. 16 Jan. 10

ICI

Imperial Tobacco Co,.

*

RUBDER SHARES:

Anglo-Dutch Plantation of Java 16/7 Guala Kalumpung Hubler Fatale 10/- Rubber Plankeilen invest. Tritat. 15/- MINES:

SS "President Folk"

6/0

4-5/16

RS "Mount Davis"

11/

SS. "Mount Rogers"

B-15/:0

BS "Marine Beopard"

B. +-0/10

2/734

St. George'a Bldg.

20

2-13/18

$1/0

Burma Cory Crown Mine

Nundydroog Miles Rand Mino Spring Misses Bub-Nigrts Tavoy

Tin

Union Corporation

OIL GHAGER: Royal Dutch

Shell Transport Co.

Uniou

STIFTING:

P. 0. 5.N. Co., ord

GILTEDGES:

Dow Jane

Averages

were Stocks 94.75 20 Industrials 139.38, 15 Ralla 52.44, 10 Uitles 18.01.

Clowing muotations—Adamu Express 17, Alaska Juneo 4. American

Can

794. American Smelting 64. Americno Telephone 162, American Tobacco 67%.

American Waterworks K. Annconia Cop

as

¿

Electric

Conversion loan, 3%. 1048/63 101-1 Funding Loan, 155

National War Donds, 2:

1940/61

1032/64

1054/64

Nadenal

BANKET

....107.34

101-13/42 101-7/10

150-

B

85-K งาน

War Bonds, 1981/58 102-3/15 per 3936. Aviation Corn 4%, Baldwin Havings Bonds, 12%, 1055/96, 100.4%

.. - Locomotive 11%. Barnsdall 351. Dentix Savings Bonds, 9, 1960/70

100- Aviation 28%. Bethlehem Steel 104 Savings Honda, 8%, 1965/75

Exchequer Hand, 1950

......100.23/12 Box Altcraft 24*, Burden Co. 41%, Canadian Paelße 11, J. I. Case 44,

Redemption Stock, %, 1968/90 09-3 FOREIGN BONDS: Choler 61. Colante 141⁄4, Commercial Saitent 22%. Corn Profits $5. Dupont German Loan (Dawn) 75% 181. Esatman Kulak 49%.

Japanzee 6%, 1907737 Light

June 2, 1021/50 Power 16, General ElectriJap. S. Manchurian (tr. 1025 20-16 General Motura 56%, Goodrich 55%, Gulyar 85%, Homestako Hining Chartered Bank of I. A. & C. 11-9/10 Sp. International Harvester 02, Inter- On the other hand, the future national Paper 52, International, Tel A

1.K. & Shanghal Banking Corp. 121-15 Mercantile Bank of indis "A" 21-2 free rate, depending on supply Tel 1815. Johns Manville 4015, Kennerait and demand, would probably be Copper 48, Montgomery Ward 43%. Na Consol. Goldfields of S. America 30/-

MINING SHARES: wer than the

present

black-tonal Distillers 2014, National Lead Canaal. Tin Mines of Burma market rate of about 330 francs New York Central 143%. Packard Motor per dollar.

cholet, Pan American Airways Pen If the final

naylvania RR 18%. Radio Carp 96. Ro had to be straight devaluation. the dollar most probably will belle Steel 26, Reynolds Tobacco 40%. Schenley 21%, Brats Rorbuck 364. Shell fixed at 240 to 250 francs,

Bouthern 011 34%. Rorony Vaasim 17, Pacific 4816, Blandard flranda The colonial frane rates might Standard Oli of Calif. 0%, Btandard Ol 27. alter against the French francs. ar N. d. 77, Studebaker 20%. Union The last devaluation, in Decem-

Bax 82, Union Carbide 99%. 08 Rub- 6. Glber, 1945 dropped the parity beber 48, UB Strel 70%. US Lines

tween French francs and colonial Westinghouse 2014. Younatown francs, except in North Africa and Gen. Pub. Utilities 12%. -- Associated South African Townships the Caribbean.-Reuter,

ILK, Ein Prism (0) Giật, hôn, bộ ngon, 1.K. Electrien (New) 2tton, Macao Bertyion 24%, Sandakan Lights 192. Telephones (OH) 40m, Telephones (New) 34in.

INDUSTRIALS

Cald. Mace. (Ord.) 20), Caid, Mary, (Pret.) On. Canton lee 7.

Demente (DW) anigh Gements (New) 318. H.K. Ropes 201

STORES &c. Dairy Farm (2)

621/60s.

Dairy Forma Kirlite 41, 40%* Watsona 70b, CD35/70. Lnne, Crawfords 62. G Kinceres 8.387.

China Emporium 12.80,

Kwong Bang Hong 20nb. Wine On (B.K) 18un, Wm. Powell, Ltd. 1234n.

MISCELLANEOUS

China Entertafiments: 36 11⁄2n, H.K. Constractions (034) 679n, H.K. Constructions (New) Dr.

Viro Villog Gyn.

Mariman Investments 15/3n. Maraman, (H.K.) 11.3.

Ewe 144b.

COTTONA

SILVER AND GOLD MARKETS

pet

five

Press.

Bigger Allocations To Industry

London, Jan. 13.

Increased allocations of steel for 1948 to Britain's engineering, coal mining, electricity and agri- cultural machinery industries and reduced al- locations to shipbuilding, factory and govern- ment building and the gas industry were an- nounced today by the Chancellor of the Ex- chequer, Sir Stafford Cripps.

in Copper Corporation New Union Golffekte

Orange Free Staten Trui West Rand Invent. Trun Free State Development Reverend...

Can Main Roof Baint Helenaa

Jan 23

- Feb.

C

Mar.

- Feb, 21 8

AMERICAN PRESIDENT LINES, LTD.

Tel. Nos. 28172/28175

American Promeer Line

8.8.

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

8.5. "GOLDEN WEST""

Sailings to Manila

8.a. "GOLDEN WEST-

8. "STAGHOUND"

Due Jan. 16

23

Salls Jan, 24

·Salla Fob. 9

Sailings to New York, Boston, Philadelphia Baltimore & Other Atlantic Ports via

Panama Canal

-Special Cargo Oil Tanks--

3/8 4/1014

3.8. "PIONEER SEA"

5.8.. "SPITFIRE"

7/2

57/0

38/0

13/0

15/10%

29/1

.Arrives Jan. 15...Saila Jan. 16 .Arrives Jan. 16...Sails Jan. 20

For Full Particulars Call

UNITED STATES LINES CO.

General Agents

814, Queen's Building,

Tel. 31251 (8 lines)

The SWEDISH EAST ASIATIC Co.,Ltd.

40/4%

De La Rue, ord.

#7/1

Sab. Breweries

171/

20.

West Driefontjens

07/0

TA,

Lydenburg Estates

20/725

21/101

Relation Trust.... Houth African Torbanites

40/416

0/9

Welkom

60/-

Tobacco Becurities Trust Defer. +%

Grootviel Mining ... 30/452 CHINESE EXTERNAL' LOANG: Tientsin Pukaw Hallway, B.. 14

Roseg Iman, Sté, London Tue 26 Crisp Loan, 5%, 1011

24 Hunan Rallway, **, 1903 .... 24 Bhanghal Nasiking Bullwayu, 60% 14 Kowloon Canton Raliways 6%

Sterling Bonda Hukuang Rašiwaya, 85%. 1911... 14

14

M.V. "NAGARA" M.V. “TAMARA”

M.V. "NAGARA"

-Nauter.....

Money Market

Gold operators

were surprincd yesterday afternoon when the price took a big spurt to $313.50

ing rate. It closed ut $312.50.

The rate had actually dropped to $220.25, and was fluctuating between this figure and $300 bc- fere the big spurt.

London:—Silver, Spot, ouner, 45d; Forward, per fine ounce, 44d; Bar Gold, per fie QUITIES,

Asked at a press conference, agricultural machinery manila tuel, 10 points above the open- 172/1

whether the reduction in the facturers would get "substantial New York-Silver, Bar (asked

engineering BBd price). 74 eta.; Bar, Gold, per fine shipbuilding allocation by about increases", aunce (official) $35; (N.Y. unofficial) would bring British shipbuild-more," and consumer goods "a

one-fifth of

Industries the 1947 figure vehicles

"rather unquoted.

Bombay Silver: Ready, per

100 g down to the figure desired little above" lunt year's 10lay 168 Rupers, 04 Annoy; Forward by the U.S. State Department,|ment.-Reuter, per 100 tolak 166,04; Marwari, per Sir Stafford replied: "I should jon intas 167, 12. Gold, delivered, think the answer is no, I have pcr tol 196, 90; Forward, per tola not compared the two 145, 10; Sovereign 68, 08. One Tula because we take the view that

is equal to the of an ounce.

| 19.50, Hong Kong 3.70--Reuter.

AUSSIE NAVAL APPOINTMENT

figures Unfreezing

the U.S. State Department de- Request

allot.

Plastres also appreciated. Open. ing at $11.92% 100 it went up to $12.20 but cased off to $12.00 al the close.

Chinese National Currency futures opened at 30% cis, and closed at 31% cts. for CN$10,000. Spot was stationary the whole. day at 38 cis.

Bitenos Aires-Sovereign, buyers 66.50, sellers 67.50; US. Eagles we can, and this is one of the sires us to earn as many dollars

Athens, Jan. 12. (24.80b, 127.001; Gold, Bar, Gramme,

Tieals dropped to $25.00 a 100. 6.10b, 6.30%.

The Greek Government has and NEI Guilders were unchang best means of doing it." Bangkok Gold, Bar, per habe.

asked the United Staren alded at $27.00 a 100. "If the 1948 target of 14.000,- mission, to Greece to "unfreeze" weight of 15.244 Grammes 468 Ticale;

U.S. dollars imported to $4.82. Exchange Rates (Selling)-Bangkok 000 ingot tons of steel la achiev-1,800,000 gold sovereigns (a-Sterling eased off to $13.40. Aus on New York T.T. 1875, London, ed, it will be a record in the bout £2,500,000) lodged with trallan pounds were unchanged at

$12.51. history of the British steel in-the Federal Reserve Bank

Yu Shanghai yesterday (says dustry, Sir Stafford said, against a loan of US$10,000,000. Reuter) the open market rates The unfreezing of the over-were unchanged at CN$112,000 "Yet wo shall still be ex-eigns was considered necessary (buyers) and CN$118.000 (xel- porlencing a severe

shortage to increase the Bank of Greece's lera) for the U.S. dollar, and Sydney, Jan. 12. and we must do everything we reserves, enabling the Bank to CN$370,000 (buyers) and can to exceed even this record gell gold to stop the rocketing of CN$380,000 (sellera) for Sterling. pointed Admiral John R. Collins, target,"

the sovereign rate, forner Chief of the Australian navali

which is Britain's output of steel for seriously hampering the stab quadron, as First Naval Member 1947 would work out at rather lisation of the Greek currency. and Chief of Staff of the Australian more than 12,500,000 tons, the Naval Board,

Inflationary tendencies have Admiral Collins, who succeeds)

Chancellor disclosed.

increased considerably In the Admiral Sie Louis Hamilton, is the Sir Stafford gave no figures last, few days with the rise of first Australian to holl those rosi- for increases, and reductions in the gold, sovereign value in the tlona Reuter,

The Australian Cabinet today ap

the allocational bat ald that free market--Reuter.

Pacific Far East Line, Inc.

Fast Regular Trana-Pacific - Service

OVERLAND

NEW YORK CHICAGO DETROIT-TORONTO, MONTREAL AND ALL AMERICAN &, CANADIAN CITIES.

DIRECT

SAN FRANCISCO LOS ANGELES

Telephone 31633.

VESSEL

Arrivo

From

Balls

For

ma. “BURPRISE”

Jan. 15

· San Francisco »

via Manila

Jan: 16:

#.#.)"PACIFIC, BEAR"

Jan. 21:

San FrancDo

San Francisco Kobu

CHINA MERCHANTS S.N. CO.

15 Connaught Road West..

SAILINGS

S.S. CHI CHUNG Swatow & Shanghal Jan. 14th,

Cargo for Teng-Tao, Hankow & Tientuin acceptable":

-through" bills of lading.

Twit・ FULL PARTICULARS. PLEASE APPLY TO THE ABOVE

NG DRAGON”)

DEAR"

IGERATION

Jan. 623

N.Y. RUBBER

New York, Jan. 15. Crude rubber futures closed. 35 to

54 higher with sales of 74 contracts. Mayéb, 22.74, May 23.50, July 20.17, September 20.30 bid,

No. 1, ribbed, smoked sheets: 2214 nominal.Associated Press.

PENINSULAR & ORIENTAL S.N. CO. R.M.S. "CANTON”

Salling" on February 23rd, 1948 |

vis Bingapore, Penang, Colombo, Bombay

* Adets and Fort Said Arrives: Landon on March 23rd -Acoosting - clean cargo" only

For further particulars apply

CKINNON

CO.

OUTWARDS TO SHANGHAI

„Discharging II.K.

HOMEWARDS TO EUROPE

...........................Loading H.K.

FOR

HIC

5th Feb. Early March

18th Feb,

ADEN, Port SAID, GENOA, MARSEILLES, ANTWERP,

ROTTERDAM, (AMSTERDAM) COPENHAGEN;

OBLO AND GOTHENBURG.

Tanks available suitable for the carriage of all in bulk..

For further particulars apply to:-

GILMAN & CO., LTD.

Agente, Telephone 81146.

KLAVENESS LINE

SAILINGS

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

m.a. "CASTLEVILLE” m.y. "FRANCISVILLE"

SAILING 8th FEB. SAILING 6th MAR

ARRIVALS FROM PACIFIC COAST ms. STIRLINGVILLE".

8. "BOUGAINVILLE

PASSENGER ACCOMMODATION.

Chinese Froight' Agents. HOO FOOK PING

THE BANK LINE (China) Ltd

DUE 16th FEB,'. DUE 28rd FEB. BULK OIL TANKS

Apply:-MANA

THE BANK LINE (CHINA) LTD. King's Building. Tel. 27791

THE EAST ASIATIC CO., LTD.

OF COPENHAGEN

M.S. "MALACCA"

loading about 8th February

for

ADEN, PORT SAID, ANTWERP ROTTERDAM, OSLO, GOTHENBURG AND COPENHAGEN

Zanks avaliabio for the Carriage' of Oll in Bulk.

THE EAST ASIATIC CO. LTD”