1948-06-11 — Page 10

THE CHINA MAIL, FRIDAY, JUNE 11, 1040.

ROYAL INTEROCEAN LINES

• Incorporated in the Netherlands.us

KONINKLIJKE JAWA-CHINA-PAKETVAART LIJNEN H. V, AMSTERDAM)

JAVA-CHINA-JAPAN SERVICE

“TJIBADAK”

Arrivals fism Amy. 21st June

-“TJITJALENGKA"Long Macausar

"TJISADANE"

Adiva Poris 22ort Bune.

from Marassar

Kedasaport; 6th July

Sailings

to Javaporis & Maranuary 23rd June

lo dava Ports & Marassar

7th July

t Javaports

X Mnesissar

21 July

ASIA-AFRICA—SOUTH AMERICA SERVICE

*STRAAT MALAKKA”

"TEGELBERG"

"RUYS"

Arrivals

fran Koles

& Shanghal

11th June

វែនតា

South America, South Africa, 22al Junio

freon

South Afrien

South America end July

Batllogs

to South Afrien,

vla Manila, Straits

& Batavia

13th Jung

to Shanghai

& Japan

24th June

to South Afrken.

South America,

11th Judy.

to South Africa

South America Mid August

Transhipment cargo on through Bs/L to Dar-Es-Salaam,

Mombasa, Zanzibar nerepted on all sailings.

SUMATRA-MALAYA-CHINA SERVICE

PAAN HEUTSZ"

FINANCE

AND

COMMERCE

JAPANESE CURRENCY

London Stock Exchange

London, Jung 9.

FRODITIES:

Mejlth Vonenda, 21556

yati

Cunserior 3amo, 54,55, 1963.

104

Tuling Loan, 4;. 1904790

J12

War Lame, 31, 1982

13

Victory Honals, 4

204-7/10 114%

War Loan, Ma

HAILWAY BARES:

British Trawonguet, 3.

INDUSTRIALS

Crown Minym

Bish American Tobac

6.1. & Trelazul) Durlaşı Tuber ., ord,

AN

Inserial Chemical indust ord.

(1/-

Imperial Tobacen Co. (af 15.8,

Trelat

GN

MINE BRARES,

Harton Forje

$%

4-1/15

Nunydroog Mien

13/15

Saillogs

0%

from 2 Del

to Strmits & 31 12

Spring Mines

7/0

Mub Niga

41%

Tay To C

Blown Corporation, cafil

GE, SHARENT

Royal Buteli Can

1ith June

de Stunts

28. Dett

Arrivals

SHEINRICH JENSEN"

A Straits

24 June

Bali Jule

To Swatory

& Ainoy

19th June

Agents: HOLLAND-EAST ASIA LINE

To Shangtual

"MARIEKERK”

Arrival

la purt

"MOLENKERK"

from Europe, ----20th-faros.

Band July

"MEERKERK"

Suitingn

& Japan.

Fith lune

to Europe

Haral Mine

Shell Transport & Trading Un. HIPPING:

1/1936

Exchange Rate May Be Fixed

Washington, June 9.

A high official source today said that the United States Govornmont was nearing a decision on whothor to attempt the establishment of o commercial foreign exchange rate for the Jap- anose yon within the near future or to delay action again.

The sources said they hoped decision could Be reached #

nll

by Departments among July 1. They added that if the decision should be in favour of establishing such a rate, then probably something would be done during July.

They emphasized, however, that, no firm predletion should be made. One of the questions under consideration, they said, was whe- ther an exchange rate could be extablished without underwriting It with some United States. Gov- ernment funds. They opined that prospects appeared poor that some or all of the US$160,000,000 for Japanese domestic rehabilitation, which the House Committee had deleted from the foreign aid bill. would be restored by. *#12

by, the Senate 4-2234

• with!___

House concurrence. A source said, however, that the consensus of numerous ofl- be etals "upinion tære appeared that an exchange rate ceulit be established without this sort of underwriting by Congress, How- ever, they pdded, it would have to be limited with restrictions on authorizations and amounts.

from Finni recommendations

were ex-

1&1. Atern Nash, Go, kl. 08/119 ALTEDOKU,

Bonding Lena, M

101

National War Hunde, zlorNG

1 2

1961, AG

1951/13

2013/10 173% 1023

102.5/16

Saytngs Bonde, de

$950/05

AUGA/76

11:2 101.3/10 100%

via Struits

Exchequer Betule, 1975, 195

Reseptlan Stack, 954, 1976/06 FOREIGN BONDAG

Cipta Ban dawen) ge

B15

anuge_093/42

3016

Jamie *., 1924-19

Jan 5. Muneloszlatı Bly....Ari, 1923 HANKH:

21

Ja July

to Europe

2th July

End August

Transhipment earze on through Bs/1. accepted to

Mediterranean and Northern European porta.

Agents: SILVER LINE LTD,

SILVERBRIAR"

Arrivals

Sallinga

from 11.8.

to U.S.

Atlantic Ports.

Shanghai 23rd June

Free Enterprise Urged

Paris, June 10. The International Chamber of Commerce went on record today as urging the maximum npplication of the theory of

Middle Of The free enterprises in the opera- Road Urged

Manita Jurie 9.

A middle-of-the-road stand on the resumption of trade relations with Japan won nớc vocated today by the manager of the National Power

Cor. poration, Senor F. Rodriguez. He said this was necessary to promote the country's economie and industrial re habilitation-Reuter.

NY Stock Market

tion of the Marshall Plan.

Arthur Guinness, of Britain, Announced at a press conference conclusion

the following

of Counell session Chamber's 68th vesterday of the adaption of Franch resolution to that effect. "Stud- The resolution states: les and negotiations relative to the entry into operation of the Diun

should make a clear distine- tin between the functions governments concerned and those of private Initiative with- out which the Marshall plun cannot succeed." Guinness said

PRESIDENT LINER SAILIN GIS

REFRIGERATION-SPECIAL Cargo OIL TANKS—

CARGOCAIBE-SPECIE

TO SAN FRANCISCO AND LOS ANGELES

TO SHANGHAI

8. "General Gordon"--

June 12

TO SAN FRANCISCO

8.8. "General Gordon (via Shanghai)

Jutio 12

8.8. "President Cleveland" (via Shanghai)

June 19

8.8, "General Dielgs" (via Manila)

July 3

8.8, "President Grant"

June 23

S.S. "President Taft"

July

3

9.8. "President Pierco"

July C

To NEW YORK, BALTIMORĘ and BOSTON via PANAMA'

5.8. "Dartmouth Victory" S.S. "President Harding”

Juno 17

Mid July

TO NEW YORK BOSTON AND HAVANA VIA MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAY,

SUEZ AND MEDITERRANEAN POLTS

8.5. "Mount Davis" 8.8 "Mount Rogers" (calls Karachi)

June 19

..... July

2

AMERICAN PRESIDENT LINES, LTD.

of

St. George's Bldg.

Averell Harri-

man was bringing pressure on the 16 Marshall Plan untions to allow as much as possible Euro-

trnde to

pran-American through private

channels.

#tepresentatives

pass commercial

of 17 nations

present at the meeting heard alks by farrkman on operation of the Marshall Plan and Dana for Switzer- Wilgress, Minister

New York, June 10. Stocks started at gallop on slowed to a walk, Wednesday, and reached the finish line at land, on the Havana Charter,

The American representatives new 21-month high. Most gains

first hour on the Counell, headed by J. J. were posted in the

cablet Senator Arthur when buying orders streamed in Beinz,

yesterday

the mission on exenaed, and it so rapidly the high speed ticker / Vandenberg

100.81/52 | pected shortly, they

20%

ווh

Hank L.A. & 1. 1211 BK. 'hinking Corp. 121 Merentie Barsh of badia "A" 23 CHINESE EXTERNAL LOANS

12 PienkonePokow Railway, G Tone-Tug-Hai Rin.... KG, 1913 12 Reons, Loan, 15%, Land, Lane, 1913 12 Cras Ena, 5, 1912

20

Bakuang Railway», 524, 19. Honn Halfway, 4%, 1902

12

12

21st June

Office Address: King's Building. Phones; 28016 & 28017

Shanghal Nankinu Hlys., MA... Bowl Crates Walkways, ',

Hurling Bonda --Reyler.

NEW

was quite possible the final deci- sion would be taken here within n fortnight.-United Press.

Tel. Nos. 28172/28176

Americam Pioneer Line

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

"PIONEER BAY"

"STAGHOUND"

"COURSER"

Sailings to Manila

con-

"PIONEER BAY"

“STAGHOUND"

"COURSEN"

tape dropped behind transactions. demning the cuts by the House 1,870,000 shares were traded, 650 of Representatives In the Mar-

sball Plan appropriations. Issues advanced, 251 declined,

www

United Press. Numerous issues renched new highs but widest galtis* WoreTM

trimmed before the close,

Wall

Street is convinced the basic long

U.S. DOLLAR ON SHANGHAI MARKET

term trend is upward. Shanghai, June 1.

Dow Jones Avernges: of „Gemi-official reports

70.91,

20 Industrials 92.50, minent currency reform, in China Rails 01.25, 10 Utilities 35.70. today caused the black market Closing quotations: Adains Ex-

Im-

rale for the US. dollar to rocket

to CN$1,800,000, An Increase of

CN$145,000.

In addition, one ounce of gold bors was today fetching CN$80, 000,000, or CN$7,000,000 than yesterday.-Reuter.

enore

MONEY FOR

Stocks

SILVER AND GOLD MARKETS

London; Silver, Spot, fine Alaska Juneau 3%. ounce. 45d; Forward. fine ounce, American 45: Bar, Gold, per fine.ounce, American Tele-

172/3.

Press 23, American Can Smelting 662.

100

58, American Waterworks 7%.ed price) 744% els: Bar, Gold, phone 1681, American Tobacco New York-Silver, Bar, (zsk- Anaconda Copper 40%, Aviation per fine ounce (official) $35. Corp. 6%, Baldwin Locomotive

Bombay: Sliver: Ready, per 10%. Barnsdatt

42

Bendix

tolas, 172 Rupees, 12 Annas: Aviation 38, Bethlehem Stee! Forward, per 100 tolus, 172, 10; 3. Boeing Aircraft 252. Bor- Marwari (unoficial), 173, 07. den Co. 491

49% Canadian Pacifte Gold: Delivered, per toln, 115, 17%. J.I. Case 50%, Chrysler 65, 15: Forward (unoMelal), 115, 00; Colgate 4114,

Commercial Sol-Sovereign, 70, 00. vents 20%. Corn Products 05. One tola is equal to 8th of an

180 Dupont

Eastman Kodak ounce. 444 Blectric Light & Power 22%, General Electric 41%, Gen- Buenos Aires;-Sovereign, buy- 02.00, sellers 94.00; U.S. Some time this month the Western Allios will fulfill Motors 64%. Goodrich 814, ers

Goodyear 45%, Homestake Min-Bugles, buyers 164.00, sellers their promise and give the Germans in theiring 384, International Harvester 168.00: Gold, Bar, per gramme,

33%, International Paper 63. buyers 8.80n, sellers 0.000.

Tel: 13. Bangkok Gold Bar per

Copper 68; Montgomers

DE LA RAMA LINES WESTERN GERMANY

EXPRESS CARgo liner serVICES

TO AND FROM PACIFIC & ATLANTIC COASTS

LOADING DATES IN U.S.A.

Loads

Date

Atlantic. Corns

Md. June

via

Fos Angeles

From

Atlantic Coast

Los Angeles

For

Atlantic Coast

Los Angeles

Atlantic Coast via )

Early July

Late July

ARRIVALS

Date

17th June ..Md. 'July

SAILINGS

Date

Sist June

Mid, July

San Francisco } 26th June

& Los Angeles }

Vessel

m.y. "DONA ANICETA" m.v. TONGHAI"

mv. "MINDORO"

Vesht)

38. "DONA AURORA” m.y. "DONA NATI"

Vessel

53. "DONA AURORA“ .v. "DONA NATI~~

m.v. "HALLAND"

BOOKING AGENTS for P.A.L.

THE DE LA RAMA STEAMSHIP CO.,

Frankfurt, June 9,

Zones a new money in exchange-for-tho-naar--International Tel. &onnecott bahtweight of 15.244 grammes, worthless raichsmarks, authoritative German Johns Manville 414. Ward unquoted: Exchange Rate (sell-

⚫ sources said today. This will be the most decisive move for Western Ger- many's economic reconstruction since the war. The mark will once again be worth a mark.

Increased production in- The new money is expected. 4.

Prices Jump

Parls Free

GoldPrices:- French 10

65, National Distillers 20%. Na-ing), Bangkok or New York T.T. tional Lead 37%, New York Cen- 20,85, London 60.25, Hong Kong tral 10% Packard Motors 5.3.68. Pan-American Airways

11 Pennsylvania RR 21, Radio Corp. Napoleon 3,950 fra.; 134, Rea! Slik 14, Republie frane coins 1.830: Swiss Franc)

30% 31, Raynolds Tobacco 3,800; Unton Latine 3,050; Sover- to work a near-miracle on the duced by "hard" pronis.

Sholl Oil

Secony U.S. Dollar coln ($20) 43,

10,300; stricken German economy.

Southern Pacific U.S. Dollar coin ($10) 9.150; Most important result will be. 5. Unemployment-some enter-Vacuum 20%,

have existed

Standard Brands on 57.

28. Sovereigns (in free dollars per abolition of black marketing in prices which

OU of Calif. 704. Dunce) $70.3: Napoleons (in free Trizonia, expected within three shady economy will be forced to Standard

Standard Oil of N.J. 85%. Stude-dollars per ounce) $08.0: U.S. months. Cigarettes will then pa close their doors.

Bizonal baker 28%, Union Dag 98. Dollar notes (in binck-market) longer be the malg `medium of

Peunder, -exchange.

Other results of the new money will be:

1. Reduced prices-nobody will be able to pay today's high in- flation prices in marks. Prices jumped here after consumer goods the production dropped and reichsmark huts been worth about

INC.ne-tenth of its original value.

Tax Reform

(Incorporated in the Philippines)

CHINESE SHIPPING OFFICE Teis. 28738-20158

MARINA HOUSE Tels. 23676–22035

ISBRANDTSEN

labrandtsen Company Inc.

28 Broadway.

New York

PAR KAST • STRAITS • INDIA • PERBIAN GULY • MEDITERRANEAN

U.K. & CONTINENT • W`INDIES ♥ SL. AMERICA

STEAMSHIP DIVISION

FROM

S.S. "FLYING New York vla

Manlia & Forts

CLIPPER"Arrived June 10,

BAILA

Shanglial, Taku Bar, Inchon & Yokohama June 11.

A. P. PATTISON & CO.

GENERAL AGENTS, CHINA, FORMOSA & HONGKONG

CHARTERED BANK BUILDING...... TEL)- 28116. - *-*

GRAND CHINESE SHIPPING OFFICE!!

20 Connaught Road, C. Tel. 24489.

Shor Sears Roebuck eign 5.075; Halt Sovereigns 2,250; ;

Herment enld currency Union Carbide 42. U.S. Rub

"chief executive," reform would be created by Mill 464. U.S. Steel 814, Westing He said house 33, Youngstown Sheet & tary Government law. that his administration hoped that Tube 844, Gen. Fub. Utilities substantial Allled food and raw 13%-Associated Press.

would enable material imports industry to raise production and CHICAGO GRAINS meet the extensive demand.

At the first sign of an imminent money conversion, black market operation in this Bizonal capital have held back their goods, while prices have jumped

Nobody 2. A sumcient supply of con- wants to cash the worthless marks

before reform. - sumer goods-Industry withheld Immediately almost 80 per cent of its produc- United Press. tion for this event. The present sellers' market will become a Luyers' market,

Tax reform is scheduled

SALES UP

New York, June 9 to follow, shortly after the Issue April chal stores and mail- of the new money Income se order sales were about $2,307 well as proporty" taxes "will be| 000,000, which is 11% above reduced. This will tied to April of last year, according to lower State income and result the Department of Commerce. In extensive diamiteal of staff. Reuter,

Chicago, June 10. Grains advanced. Wheat closed to 1% higher. July $2.29% $2.30; September $2.29; Decem her $2.204-4; May $2.27%

Corn was one to 2% higher. July $2.19%-%-

Onts were to % higher. July 84%-%

Soybeans were four higher. July $4.26.-Associated Press,

Now-York, Juno 10. Rubber closed unchanged to higher. Sales were 13 contracts.

September 22:00 asked: December 21.75 asked. No. 1 ribbed smoked sheet nominal-Associated Press.

22

Pacific Far East Line.

Fast Regular - Trans-Pacific Service

OVERLAND

NEW YORK.CHICAGG-DETROIT-TORONTO, MONTREAL AND ALL AMERICAN, & CANADIAN OFTIES,

From

DIRECT

|SAN FRANCISCO LOS ANGELES

* VESSEL

[6.3. "CONTEST"

Arrives

June 12 'San' Francisco Juno 21

San Francisco

Juno 23

Ban Francisco June 26 San Francisco

14. "IRAN VICTORY"

“SURPRISE”

6.3. “JULIA

BA, LUCKENBACH"

REFRIGERATION MC. DRY CARGO

För full

Barn8+ sind no€–18-

| Sails

For

fono. 12 San Francisco

via OkinawA Jane 22 San Francisco

via Manila

Juno. 21 San Franciscb

via Okinaw June 27 San Francisco

(via S'hai à Fusen.

CARGO DIE TANKS

Call "Umerki Agenta,, UNITED STATES. LOVES CO; Qurob's Ende. Tel. 51201

·

Free Market Ratou Ingats: Fine Gold. Ingols, with of Counterpart per delivery gramme 234/244 frs; Without Counterpart 505/540; Sliver in- gols, per Kilo 5,700b, 6,5000; Platinum Ingols, per Kilo 800,000b, 055,000a.—Reuser.

LONDON SALES OF SILVER

New York, June D. London tendered 60,000 ounces

of silver for sale in New York today at a quarier cent per ounce under the market-presumably an-Isolated-instance to obtain

June 24 July 18 July

30

June 25

July 19

July 31

Sallings to New York, Boston, Philadelphia Baltimore & Other Atlantic Ports vis

Panama Canal

--Special Cargo Oil Tanks-

"PIONEER SEA"

Bus June 11

Sails June 15

"PIONEER TIDE"

Due June 28

Bulls July 1

"PIONEER BAY?

Duo July 14

For Full Particulars Call

Balls July 15

UNITED STATES LINES

General Agents

Queen's Building,

Tel. 31251 (3 lines)

KLAVENESS LINE

SAILINGS

Direct to LOS ANGELES, SAN FRANCISCO VANCOUVER SEATTLE &-PORTLAND m.s. "BOUGAINVILLE"

6th AUGUST ARRIVALS FROM PACIFIC COAST m.s. "BOUGAINVILLE"

23rd JUNE SAILING FOR SINGAPORE PORT SWETTENHAM,

PENANG & BATAVIA..

24th JUNE

PASSENGER ACCOMMODATION. BULE OIL TANKS

Chinese Freight Agents..

HOO FOOK PING

THE BANK LINE (China) Ltd:

Apply:

THE BANK LINE (CHINA) LTD. King's Building. Tel. 27702

CHINA MERCHANTS S.N. CO.

18 Connaught Road West

S.S. “LIN KOO"" S.S. "CHI KUNG”

Telephone 41633.

SAILINGS

Shanghai June 11 Shanghai June 11

Cargo for Taing-Tao, Hankow & Tiantain acceptable

on through bills of lading.

dollars-but bülllon dealers herFOR FULL-PARTICULARS PLEASE APPLY. TO THE ABOVE

were looking for slightly larger discount below the "spot price.

Domestically, the murket con- tinues well. stabilized because bullion dealers continue the policy of averaging their daily tenders according to the expect. ed month's average.

Consumer demand today ap- proximated 170,000 ounces. Reuter.

Notice To Consignees

d's “TYDEUS"

Damaged cargo ex this. vessel will be surveyed at Holt's

THE EAST ASIATIC CO., LTD.

OF COPENHAGEN

**

M.V. "KOREA"

Loading about 18th June FOR

Wharf between the ADEN, PORT SAID, GENOA, CASABLANCA, -hours. 10, ním, 'abd≥12 noon on

ANTWERP, ROTTERDAM, “HAMBURG, OSLO, 14th 15th June, 1948, andi. consignees representatives are GOTHENBURG AND COPENHAGEN- requested to be present during the survey...

BUTTERFIELD, & SWIRE, Agents,

Hong Kong, 9th June, 1948.

Tanks avaliable for the carriage of oll in bulk.

THE EAST ASIATIC CO., LTD.

Queen's Bldg, 2nd floog,

い」