1948-06-17 — Page 12

THE CHINA MAIL, THU RSDAY, JUNE 17, 1048.

ROYAL INTEROCEAN LINES

Incorporated in the Netherlands as /»

KONINKLIJKE JAMA CHINA PAKETVAART LIJNEN N.V. AMSTERDAMÉ

JAVA-CHINA-JAPAN SERVICE

"TJIBADAK”

Arrivals

from Amoy

*1st June

"TJITJALENGKA” from Magassar

"TJISADANE”

dava Putta

,22ml June...

Horn Macassari

& Javaporta

Bth July.

Ballings

to Javaportu & Macassar,/. #3rd June

to Java Porla"

Morassar

7th July

Itu Javaporta

Ansar

Mist July,

ASIA—AFRICA-SOUTH AMERICA SERVICE

"STRAAT MÁLAKKĀ”,

"TEGELBERG"

"RUYS"

from

Arrivals

In port

South Amerken. South Africa, Hath Jun

from

South Africa

South Angerten end July

Ballings

to South Africa, evin Modita, Straits

& Bathela

19th June 5 1.9.

to Shanghai

& Jupare

to South Africa,

South America, 1211 July

in South Africa South America Alid August

Transhipment cargo on through s71, to Dar-Ex-Salaam, ·

Mombasa. Zanzibar acerpied on all sailings,“

SUMATRA-MALAYA—CHINA SERVICE

"AAN HECTSZ"

*HEINRICH JESSEN"

Arrivals

fron 11

& Strat

2901, 300

Sailings

FINANCE

AND

COMMERCE

MAJOR DOLLAR PROBLEM India Getting Britain's E.R.P. Share?

London

Stock Exchange

SECURITIES:

London, June 15.

| Tirkilich ́* Gorbat; 2***

T'onversion Lane, 2004, $961 Fundine Jamm, 491, 106 Way Lains, 27975, 1982

Conn, a...

Hanity

*

War

Victory RAILWAY BEARER British Trauert.

INDUNTIJALNI

1

16.3/10 200

BAPA 102-13/14

104.0/16 214%

26

RELATIONS WITH STERLING AREA

London, June 15.

Hong Kong Stock Exchange

There was yone bargaini

Indulged

Sa pratender morsing., but it did nit im

*LK, GOVT, LOANSI

445 Fumes 1015.

Me tons (1934) 1516.

3 Lown (1948) 1959Ch. DANKE:

American opposition to the possibility of India and Pakistan receiving dollars through the British share of the European recovery programme is bolioved in informed American circles in London to be a major problem to be thrash- ed out by Mr. Thomas K. Finlotter, newly- to much bulcis arrived Marshall Plan administrator to Britain, and Britain's official experts. The United States, it is thought, will strongly oppose India and Pakistan getting. larger convertible release from their

than sterling balances 75,1% would have been. the case if Britain were without ERP aid. circles regard the American natter of relationship between

the sterling urea ERP and particularly urgent in view of the sterling balance negotiations be- tween India, Pakistan and Bri- now taking pince in Lon-

9/10

Ma

Jap Hopes

Of Trade

With USA

British American

Imelanda Brustigi Rahej · Co z ned; Imperial Vehilead focust Imperial Tudvarra Cu, to G.B.

A Irud TEA BHARES)

Tube.co

41/72

6-3/10

A Ansht

Consolidated Ten Prative Tre

20/0

16/9

to Straits & 13 Deli

Akamti Te Company

22/2

ST Company

€17.

8th July

Company

20/3

10in

Jespertal Ten

Compaus

21/1

don,

MINE SHARES 1

L'ore

CLOWO MUN

Mr. Finletter, these circles un- derstand, thinks (ret it is quite

The

Nandydro Mines

Kand Ma

AN

wrong that the dollar expendi-build ture of the remainder of the ster-with

Sprite, Mirem

".

明

to Straits

Tau AuN

* 13. Dell

Je Swołow

17th June:

19th June

Agents: HOLLAND-EAST ASIA LINE

"MARIEKERK"

"AOLENKEKK"

"MEERKERK”

Arrivals

From Japan

A Shanghai 29th June

from Europe, 26th June

End July

Sailings

to Europe

Vis Stralis

with June.

to Ewrope

vin Straits.

28th July

End August

Transhipment cargo an through Bs/1. accepted to

Mediterranean and Northern European ports.

Agents: SILVER LINE LTD.

“SILVERBRIAR"

Arrivals

Simsure of Anilin & Unglets Ten

בונו זוי1ן

Hab Nicele

MEHIPPING!

GUTERGED.

נייד?14

New York, June 15. Japanese hope to sizeable trade up a

the United States,

ILK. & A. Bank 21468.

chon, Res.) £121b. Curiered ch 412, Mercantile Tank A. 11, 201

Bank East Asia 1401, 143#.

INSURANCES:

Canton in, duda,

"Union for TAB*,* FRO««;

China Unterweitern 25%b, Me, Dan.

H. Fire Jox, 296s

REIPPING 2

Dougih 2376

H.K. A M. Bienmbents 1n,

Jio Chluma ^{3'ref.j、 $15m2 (hef) 284,

Khel's enter; 40/-.

1. Watertot 17-9,

DOCKS, WHARVES, GODOWNS, ETC.1

1., & Wharver (0) 129.

IN) (P. 14.) 100

H.K. Dagh, 28, 32 %, vm. China Providenta 24. 23. Shane Dockyards 22% 5.

ing area should, it any way, pre- Walter B. Baruch, Vice-Pre-MINING vent Britain making not merely

the maximum possible use but sident of

Schenley Inter- Corporation,

the entire use of an ERP loans national ... 9.

sorakion, ord.

DIL SHARES

oyal Batch Co

hell Trans & Trading whe

1

P. & NN Coord.

27/0

Fuedia Lown, 34;

1011

National War Bendy, Alati

AMP/M

1952/01

1951-66

1024 102.7/10

JP11/04

1024

inviusze Poncia, 3r.

102%

1960/TO 196375

and grants.

These views Are entirely contrary to those obtainable from authoritative British financial) sources in the past work.

Tough Talking

today.

sald

They are counting on porcelain und chlónware and perhaps on a revived use of silk, lo provide dollar revenues to pay for Amer- Jean gonds.

Mr. Baruch, newly-elected Pre- The latter circles have clearly sident of the Export Managers

that

was Club of New York, recently re- Intimated

Britain marking time in the discussions turneri from a business survey of

He told the Club; with India and Pakistin until the Japan,

"The Japanese feel that their outcome was known of the pre- sent tussie between the United experience in the manufacture of

anci chinaware Win Senate and House of Re-porcelain States presentatives on the total amount make their products compcutive o: ERP ald to be allocated over in world markets. The say there the coming months.

is a worldwide demand for these Some extremely "tough" nego-products." tutions

British between

↑ Exchequer Bands, 194 1000 190.29/321

Redtemplkon Stuck, 264, 198ZDE, DGX

Sailings

from US. Allante Ports,

to 0.5.

va Shanghal

2977 June

FOREIGN RONDS:

German Loan (Dawes, 7+%

Office Address: King's Building,

Phones: 28016 & 28017

Japonesi 544, LUG/47

ED

Japonesi Gr. 1024/59

*11

2lat Jow

DE LA RAMA LINES

Lorde

EXPRESS CARGO LINER SERVICES

TO AND FROM PACIFIC & ATLANTIC COASTS

LOADING DATES IN U.S.A.

Atlantic Comal

Los Angeles

From

Atlantic CouSS

Los Angeles.

For

atlantic Comeb

Tia

1,00 Angelca

Atlantic CoastTM via }

San Francisco

& Los Angeles

Date

Early July Late July

ARRIVALS

Date

18th. June Mid. July

Mid. August-

SAILINGS

-Vezzet

my. "TONGHAI""

my. "MINDORO"

Vessel

*8. “DONA AURORA“ 10.9. "DONA NATI”

MEN. "DONA ANICETA"

Dato

Vescol

21st June

Mid. July

8.8, "DONA AURORA“ m.v. "BONA- NATI”

30th June

01.P. “HALLAND"

BOOKING AGENTS for P.A.L

THE DE LA RAMA STEAMSHIP CO., INC.

(Incorporated in the Philippines)

MARINA HOUSE

Tel. 23576-22070

CHINESE SHIPPING OFFICE Tels, 23738-20153

THE HO HONG STEAMSHIP CO. (1932) LTD.

s.s. "HONG SIANG"

For SINGAPORE_PENANG_& RANGOON

Loading

17th June

Baiting 18tti June

Subject To Alteration Without Notice

For Further Particalars on Freight & Passage 'Apply;

THE HO HONG CO. (CHINA) LTD.

48A, Bonham Strand W.

Tola, 20127 * 25046

CHINA MERCHANTS S.N. CO.

15 Connaught Road West.

SAILINGS

-

Jap. 8. Manchurian lily. 1923 24 BANKE: Charterm Bank of IA. & C... $36 ILK & Shal Bunkberg Corp, 120% Mercantile Hank of India CHINESE EXTERNAL LOANSI Tientsin-ukow Itallway. 54 12 Test<T>1952=XJ-}=} }}ƒ»,, 56, 1013 12 Beurte, Lomit, Zet, Lond. I, 1913 12 fing Lean, 1912.......... Korkmaz Inilways, 47, 1941

Itallway, 5, 14: kunukul Amaking fire, but Kowlod Canton Itallways, [1.

Ster Bug Bionda

··Brial?_

20

12

..

12

12

SILVER AND GOLD MARKETS

American ERP

and The Jupanese should become authorities on excellent customers for American

this subject might be expected exporters in the years ahead, he soon, It was thought today.

It is believed that Mr. Einletter has formed some very clear idens the dollar expendi- about how

of Britai tures

and the rc- sterling of the

area mainder

ensure could be sepurated. (to

that ERP dollars are spent solely on Britaine economic recovery). without, in any way, breaking up

the sterling area: ----

In this, as in all other aspects

of ERP administration, American

added Associated Press.

circles here feel very strongly, it int

A

NY Stock Market

New York, Jun 14. rling stock market ren hondlung

a sellist aquxit in the last 1 believed, that, although the minutes of trading on Tuesday following United States has no right what-nows of the collapse of Ruft real wagn gains WIN" ever to dictate to any of the ERP negotiations ut many countries what they shall or shall trimmed at the chee. Urmand for not do, she has a perfect right dominated the market most of the day fine Spol,

to specify London: Silver,

on what conditions after wahbly start.

Among gainers, were Sinclair, Oil. Trxes ounce. 45d; Forward, fine ounce, American money shall be donat

Company, Gulf Oil, Attantle Do 45d; Bar, Gold, per fine ounce.ed or loaned for the purpose of fining, Ohio 01, Deep fleck Oil, Farns

worth Television

General European recovery.—Reuter.

and Radio, 172/3.

Cable, Paramount Pictures,

Stumblers Included Bulan Aircraft, flattimurë and Ohio, Pepsicola, Transfers were 1,630,000 «bazen.

New York: Silver, Bar (asked price: 74% els; Bar, Gold, per line ounce (oMelat) $35.

Bombay: Silver: Ready, per CHICAGO GRAINS

100 tolas, 175 Rupers, 03 Antias; Forward, per 100 10ius, 175, 08; Marwari (unoficial), 175, 00.

ers

Dow Jenis averigen: Block

71.00.

20 Industriala 193.16, 16 Kafia 01.14, 10 Utiles 30.08.

Closing quotations

Adama

Raub Mition 6.70.

1.K, Mines 4354.

LANDS HOTELA & DLDCS.1

1. M. Hotels 17 1⁄2, 1, 17. R.K. Lande 18% ■, 1831⁄2 sk. Shanghal 1,anza 6,208.

Bemphreys Estates #2145, 2a1⁄4». H.K. Renk 18n.

Chtuese Existes 100m. PUBLIC UTILITIES:

II.K. Tramwhy. 251 h, 21% 0. Peak Trams (0%) 22%%m; (New) 14n. Star Ferrice 131b.

C. Light (end) 2415), 25. X.D.

(New) 205 X.D., 25.X.. 11.K. Electric 4719h, AMIGA, qum, Macnu Eletzten, zisk, Dis. 20. Sandakan Lights 10. Telephone can, an Shanghai Das B INDUSTRIALS:

Cald. Maest. (Ord.] 245. Centon Ires 7.

Cement 46b, 1011⁄2μ, 40x. H.K. Ropes, 19.

OREN AC

Dalry Farm (918) 65%, 5Alma. (New) 1:

Wamids (014) 59h, cox, 85/£9.

**

(New 66}%, 50%, 50.

Lane, Crawfords bla.

Sinceres n.

Chl Emtrium 12.09n, Sun Co., Lt. 614.

Em Sẽ NTK Huns InEn Wing On (..) 1, Wm. Powell. Lid. n. MISCELLANEOUS

-ndih-Hintertainmunta_£üb. 42%. 47.

H.K. Constructions (0) En: (N) Gn.. VIX. Rm.) 2: (Hight) in Mateman Investments 13/3. Marman (B,K) 1.40.

COTTONS:

Kwon 101gb, 20% ■, Züsa RUBBER, ETC., COMPANIES,

- Anglo-Jnvar _ * 1⁄4»,,

Connalldsted · Rubbers an Kota Bahro 2n. Padang Rulibers 1.40.

Rubber Trusts 456m. Hamar bhors 11⁄4n. Shanghal Pahang 2. Tanah Merahan. Tekung fublero fun. Zlangbe Rabbers 0.

Money Market

Gold dropped to $324.50 atcel Chicago, June 16. Wheat rallied In into trading

Exp yesterday after a weak opening on short covering, Induced by an America Smelting 66%, American

22%. Alaska Juneau 356 American Con at $320.25, but Improved in the advance of more than one cent Telephone 155, American Tobares afternoon to close at $327.00,

Kansas City, Wheal close_-American Waterworks 15%. Anaconda

Highest and lowest rates of the higher; -----

Oopper1⁄4" "Aviation=C÷PD Deld day ere $327.37% and $324.60 July

win Locomotive 104. Barnodail 4475+ TRE Dendix Aviation 26%, Bethlehem Binal Deliveries totalled 8,516 – tavis, September

47. Boelog Alceenté 25%. Borden Co. of which 2,510 were official and December

434. Canadian Pacific 18. J. Case 0,000 unofficial. Corn was - lower. Cats 40%. Chrysler 01, Colante 413. Com

Plastres opened at $11.20, a 100 -1 lower. Soybeans mercial Belton 27% were 2 -eight cents lower.es. Dupont 187, Eastman Kelak dropped to $11.15, and recovered tiffin Interval. Der Associated Press.

Electric Elght & Power 21% General 10. $11.30 at the Electric 415.

Motors 1. No transactions took place in the Goodrich 50%. Goodyear . Home afternoon.

were

$2.28 - $2.08 $2.29 -

INDIAN SUGAR.

General

Corn Frodust

stake Maing 37 International Bar- Chinese National Currency Yeter 84, International Paper $5.

opened at 3.5 cents for.futures International Tel. 4 Tel.- 11%. John and 3.8 cents for spot (for Mantilie 41%, Kennecolt Copper BA.

Gold: Delivered, per tola, 110, 04-Forward (ummficat) 115, 13 Sovereign.--76, -04.--(Ono-Tola i equal to 4th of an ounce.)

Buenos Aires-Sovereign, buy- U.S. 92.90, sellers 94.00; Engles, buyers 161.00, sellerv 160.00; Gold, Bar, gramme.

por buyers 8.00n, sellers 0.001.

Bangkok:-Gold,

Bar, bahtweight, of. 15.244 grammes, unquater; Exchange Rale (sell- g), Bangkok on, New York T.T. 20.60, London 60.25. Hong Kong 3.60.

Paris Fres Gold Prices:

New Delhi, June 15. Muntgomery Ward 61%. National Dis (CN$10,000). Futures rose slight- Newly to 3.5125 cents, but spot re- Napoleon 3,050 fra, French 10,

tillers 10%. National Load $736, The Government of India ́an- franc coins 1,760 Swiss franc nounced today that effective im-Pan-American Aleways

York Central 18%, Packard Motore 8%. mained unchanged,

Ticals. 10%. Spizi

declined Blightly to 3,000; Union Latine 3,025; Sover-diately it will allow the export vania RR 20%, Ralin Corp. 144, Reat $25.80 a 100, and NEI Guilders eien 5,026; Half Sovereigns 2,190; of sugar and confectionary from silk 14, Republle Steel 51%. Erynolds also eased off to $45.80 a 100. U.S. Dollar coin ($20) 19,300; U.S. Dollar cola

licence.-Asso- | Tobacco #7%. Schley 2014, Bear - U.S. Dollars were quiet at ($10) 0,050;

40%. Bheil 01 484, con $6.45. Sterling was quoted at Sovereigns, the free dollars per

Vacuum 2%. Beuthera Paside 50 $13,70, and Australian pounds at "Bextidard"Brandt 30%,-Glandard-Q11_ut ounce) $69.3;` Napoleons" (in free

Calif. 12. Standard Oll of N.3. 14. $1255. dollars per ounce), $66.9; U.S. Dollar notes (in black-market).

grainme 234/244 frs.; Without Studebaker 20, Union Bar 33%, Union 338/340,

Qarbló 12. 1.8. Rubber 40%, U.3.. Counterpart 4957530; Silver in- Paris

Stel 81.8: Line ik. Weitlaghouse Free Market Rates gots, - per Kilo 5,700, 8,500; 2. Youngstown Sheet Tube 85%. Ingots: Fine Gold Ingots; with Platinum Ingots, 'per Elloden.

Pub Ufew £44.Asociati delivery or Counterpart per | 800,0006, 055,000a.—Reuter,

D India without ciated Press.

buck

Prsan.

Pacific For East Love, In

Fast Regular Trans-Pacific Service

OVERLAND

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

* From 2

For

DIRECT

SAN FRANCISCO LOS ANGELES

Telephone #1882."

VESSEL

₤3.8. VIRAN VICTÒRY".

t

14.” “SURPRISE" 8.3. “JULIA

LUCKENBACH"

1.5. “GREAT REPUBLIC"

**Arrivos -

Jano 21

San Francisco

June 23 Ban, Francisco, Jano 20 San Francisco

July 6.

Ban Francisco

S.S. HAI HSUAN Singapore & Bangkok June 22 5.S. “HAI HISIA”

Singapore June 23 (With Passenger accommodatlon)

: Cargo for Teing-Tao; Hankow & Tientsin acceptable

“on through" bills of indlog

FOR FULL PARTICULARY PLEASE APPLY TO THE ABOVE

REFRIGERATION

• DRY CARGO •

June 23 8an Francisco

Ta Mahila Junio. 24 San Franciscó

Via OkinawWA Jund 27 San Franciaco

via S'halds. Fusan. July**

| San" FranclubD.

via OkinaWR

CARGO ÖIL“ TANKS

For full defliculars cal Cleneral Agents, UNITED STATES LINES 00. Queen's Bldg. Tel. 31261.

N.Y. RUBBER

New York, June 10. Crude rubber futures -closed Ayo to 15 lower with sales of 40 contracts.

July

September

December

22.00 bid

22.20

21.00

No. 1 ribbed smoked sheets 22

3⁄4 nominal.-Assõelated Press.

Notice To Consignees

B... "ADRASTUS"

Damaged carga ex this

PRESIDENT LINER

Sailings

REFRIGERATION-SPECIAL CARGO OIL TANKS.........

CARGOCAIRE SPECIE

TO SHANGHAI

-S.S.- President Cleveland".

TO SAN FRANCISCO

8,8. "President Cleveland" (vla Shanghai)

June 10

June 30 July

3

July 17

June 23

·July

July

TO SAN FRANCISCO' AND LOS ANGELES

8.8. "General Melgs” (vím Manila)

S.5. "President Wilson" (via Bhanghai)

8.S; "President Grant"

8.9. "President Taft".

8.8. "President Pierce"

TO NEW YORK, BALTIMORE and BOSTON.

via PANAMA

8.S. "Dartmouth S.S. "President Harding"

Victory"

Juno 10

Mid July

TO NEW YORK BOSTON AND HAVANA

VIA MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAY,

SUEZ AND MEDITERRANEAN POUTS

8.S. "Mount Davis"

9.S "Mount Rogers" (calls Karachi)

June 19

July 2

AMERICAN PRESIDENT LINES, LTD."

St. George's Bldg.

Tel. Nos. 20172/28175

Emerican Proneer Linie

A

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

"PIONEER BAY"

"STAGHOUND" "COURSER"

"PIONEER BAY"

"STAGHOUND"

"COURSER"

Sallings to Manila

June 24

July 18

July 30

June 25

July 19

July 31

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

"PIONEER SEA"

"PIONEER TIDE"

"PIONEER BAY"

Panama Canal

-Special Cargo Oll Tanks-

Due June 17

Due June 28

Sails June 18 Salts July I

Due July 14

For Full Particulars Call

Sails July 15

UNITED STATES LINES

General Agents

Queen's Bullding,

Tel. 81251 (3 lines)

The SWEDISH EAST ASIATIC CO., Ltd.

M.V. BENARES M.V. NAGARA

OUTWARDS

.Discharging Hong Kong. 5th July End July

11

HOMEWARDS TO EUROPE

MV, BENGAL MYBENARDS LV. NAGARA

18th Junc 16th July ......... Mid-August-

For

ADEN, PORT SAID, GENOA, MARSEILLES, CASABLANCA ANTWERP, ROTTERDAM, (AMSTERDAM) COPENHAGEN, OSLO AND GOTHENBURG.

Tapks availabio auitable for the carriage of oil in bulk. For further particolare apply¡--

GILMAN & CO., LTD.

Agents. Tal. 81146,

KLAVENESS LINE

SAILINGS

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

dth AUGUST”. m.s. BOUGAINVILLE

ARRIVALS FROM PACIFIC COAST

23rd JUNE m.3. "BOUGAINVILLE"

SAILING FOR SINGAPORE PORT SWETTENHAM,

24th JUNE PENANG &-BATAVIA.. PASSENGER ACCOMMODATION. BULK OIL TANKS

1

3

Chinese Freight Agents.

HOO FOOK PING

THE BANK-LINE-(China) Ltd

*Apply:---

THE BANK LINË:

(CHINA) LTD. King's Buliding.Tel:

THE EAST ASIATIC CO., LTD. |

OF- COPENHAGEN

M.V. “KOREA

Loading 19th June

FOR

ANTWERP,

vessel will be surveyed at ADEN, GENOA, CASABLANCA, 'Holt's Wharf between 10a.m.

and 12 noon on 18th and 19th ROTTERDAM," HAMBURG, OSLO, GOTHEN- June, 1948, and cosignees BURG AND COPENHAGEN 1. S representatives are requested fi geng

to be present during the

survey,

BUTTERFIELD & SWIRE, Agents.

Hong Kong, 18th June, 1948,

This vessel is accepting cargo for PORT SAID Tanks available for the carriage of oll in bulk.

THE EAST ASIATIC CO., LTD.

Qunt's" Blig, End floor.

TML 541114