1950-10-09 — Page 9

Page

THE CHINA MAIL, MONDAY, OCTOBER 9, 1950),

BUTTERFIELD & SWIRE

-CHINA NAVIGATION CO., LTD.

MENGKING"

OYANG"

ANYANG" ZECHUEN"

UKIEN

ANKING" UPER" TIENGKIN ROSPER"

OCHOW"

* :

ANYANG"

'KIEN"

KING"

EI"

CHOW"

SAILINGS TO

Keelung Tientsin

Bangkok Singaporn & Penang Kobe & Yokohama. Kobe & Yokohama . Tsingtao Krclang S'pore, Djakarta &

· Macassar

Tientsin

* Salla from

ARRIVALS FROM Kobe Indonesia & Bintan Singapore

Tientsin & Thingtao Bangkok

ENGKING" .hatlung

9 a.m. 10th Oct.* 0.30 a.m. 10th Oct."

a.m. 12th Oct.

10 a.m. 12th Oct. 3 p.m. 12th Oct. 5 p.m. 12th Oct. 5.p.m. 13th Oct. 5 p.m. 10th Oct.*

3 p.m. 16th Oct.

5 p.m. 17th Oct." Custodian Wharf.

6 p.m. 8th Oct. 4 p. 8th Oct.

7 a.m. 8th Oct. 9th Oct. a.m. 13th Oct. 14th 15th Oct,

USTRALIAN ORIENTAL LINE LTD./CHINA

NAVIGATION CO., LTD. JOINT SERVICE

SAILINGS TO

Melbourne

1

NNAN" ANGSIA"

..Sydney

4 p.m. 12th Oct,

Sydney, Adelaide &

ANGTE"

.Japun

22nd Oct. 10th Nov.

ARRIVALS FROM

NNAN"

Kobe

In Port

ANGSHA"

Kobe

ANGTE"

10th Oct. 6th Nov.

Australia & Manila

BLUE FUNNEL LINE

Scheduled Sailings to Europe via Port Said

JEMNON"

Scheduled Sailings from Europe.

FINANCE AND COMMERCE

INCREASED DEMAND

New York Stock Exchange

New York, October 7. The stock Inaricet moved higher with radio-television the first Saturday shares in after the four months' suinmer

recess.

The upswing carried gains to bs much as two dollars a share In this electronics group. but prof taking cut back the ex- treme advances throughout the 1st before the close.

Shares traded during the short Motors, session totalted 970,000. steels and rails moved up at the opening when there was a rush of overnight orders.

FOR STERLING

Sonar, Octobre 7. London, October 17.

The prestige of the pound storling, at, a low abb before, devaluation, last, September, has risen, on the world's money markets, and many financiers abroad aro, buying storling in the belief that it will be revalued.

Reuter reports from Paris, Brussels, Geneva,.. the

Hague, and New York today confirmed an increasing demand for sterling, based on, the, fact that its actual market value is beginning to outstrip the official exchange rate.

.

+...!!

BIGGEST PIPELINE COMPLETED

Beirut: October:7. The world's biggest oil pipe- line has been completed and how is being, filled with oil, trade sources sald today.

The 1,068 inile line runs from the rich American owned oll fields on the Persian Gulf in Saudi Arabla to the ancient town of Sidon on the Mediter randan coast. It was built to eliminate a 7,000 mile tanker hai through the Suez Canal.

Trans-Arabian Pipeline

Com-

pany which will operate the line France: Financiers are con- lity of revaluation, and there is for Arabian Ainerican Oil Com-

a donsiderable demand for ster.pany, has mada no oftéláln fident that the pound will be:

ling In the normal money nouncement of its completion. revalued soon, irrespective of

markat,

But reliable sources said East- official denials. Forward deal-

United Sintes: Revaluation ren and Western segments of the money ings on the official

ports this week caused a tremen-line were joined in Hashemite. market were made above the dous sterling buying apree.

Withput Jordan, two weeks ago They were supported by the fanfare or ceremony. official exchange rate for the first time this week, and black-freeing of the Canadian dollar

are now at and by semi-oMcial statements These sources add that with the market transfers

that "free convertibility of foreign completion of pumping stations, the official rate,

start loading exchange must be considered a de- It is expected to London financial eireles believe finite near-term possibility" now tunkers anchored off Sidon with- Higher were Philco, Emerson, that the improvement in Britain's that the Bnancial conditions in in two months,

Bocing.

Montgomery gold and dollar reserves and the Western Europe had improved so Motorola, Ward, U.S.

boom Rubber, Chrysler, price

in sterling raw much, Republic

This boom has ended for the Slee), International materials would justify n revalua- Telephone, Kennécott Copper,tion of the pound.

present, but foreign exchange ex- American Woollen, Dupont,

Switzerland: Swiss financlers perts

that speculation Pepsicola, and American Tobacca are now regarding sterling as one buying could occur at any time.

Dnw Jones averages: Stocks of the world's stronger currencies. Reitter. 83.00; 20 Industrials 231.81; 15 They are buying sterling because Rails 69.72; 10 Utilities 40.78, they believe the official rate to be too low and expect a revaluation some time in the future.

Closing quoļations: Adams Express American Can

ed with Britain

of

belleve

A blow to

speculators

Sydney, October 7 Australia's decision

nol.to rumours of sterling revaluation, revalue her pound, announced despite scepticism in the big by the Prime Minister, Mr. banking houses, Businesses link-Menzies, on Friday, is a body

are covering blow to exchange speculators. themselves against the possibi. Millions of pounds have been sent into Australia in recent weeks in anticipation of an in- crease in the value of Australia's pound, which would give up to 25 per cent profit.

Liverpool & Glasgow via Manila

YRRHUŞ”'..Genoa, Marsellies, Liverpool &

Glasgow

9th Oct.

12th Oct.

2341

.104%

Smelting

65

Belgium: Bourse operators de- seribe the blackmarket rate sterling as "rm and stendily

ISTYANAX Tangier, Casablanca, Dublin &

Liverpool

25th Oct.

Telephone

151

rising".

"

Tobacco

651⁄4

ALCHAS" ..London, Holland & Hamburg ..

27th Oct.

Waterworks

9

Holland: Banking and business strongly to have reacted

Anaconda Copper Aviation Corp,

355

0%

Sails Liverpool. Sails Rotterdam Arrives H.K.

Boldwin Locomotives

137%

Bendix Aviation ·

4844

"MEMNON"

29 Aug.

In Port

Bethlehem Steel

4414

Boeing Aircraft

3634

"CALCHAS”

4 Sept.

12 Oct..

Borden Co.

51

"PELEUS"

13 Sept.

17 Sept.

15 Oct.

Canadian Pacific

20

SOCCER INT'L

26 Oct.

Case J. 1,

53

2 Nov.

Chrysler

8374

8 Nov.

15 Nov.

Colgate Solvent

45%%

197

25 Nov.

Corn Products

67%

Du Pont

82

Eastman Kodak

40

General Electric

4314

Goodrich

113

6214

Homestake, Minkig

30

31

'AGAPENOR" 21 Sept.

'ANCIISES"

FAENEAS"

28 Sept. 4 Oct.

"PATROCLUS" 13 Oct.

17 Oct.

"AUTOMEDON" 21 Oct.

1

G, Loading Glasgow before Liverpool.

S. Loading Swansea before Liverpool.

DE LA RAMA LINES

Sailing to NEW YORK, BALTIMORE, PHILADELPHIA, vin JAPAN, SAN FRANCISCO, LOS ANGELES & CRISTOBAL

NDAMAN"

ARRIVING VIA

.14th Oct.

NILA frem U.S. ATLANTIC & PACIFIC COAST PORTS

ALLAND"

NA ANICEIA”

.14th Oct.

19th Oct.

Carriers option to proceed via other porta to

loud & discharge carge: -

All the abovo. subject to alteration without notice. For Passago and reight particulars please apply to

CONNAUGHT ROAD CENTRAL Tel: 30331/8 Private Exchange.

BRANCH OFFICE 50 Connaught Rd. Wast. 25875, 32144, 24878.

AMERICAN PIONEER LINE

to and from

Atlantic Coast Ports of

the United States and For Eastern Ports

NEW FAST CARGO SHIPS.

ARRIVALS FROM ATLANTIC

#PIONEER SEA"

#PIONEER TIDF" ··

.Oct. 11 Nov. 1

~“PIONEER, DALE"

Nov. 10

SAILING TO MANILA

Oct. 12

"TIONEER SEA" via Keelung

"PIONEER

SAILINGS" TO NEW YORK, BOSTON, BALTIMORE, PIHLADELPHIA VI JAPAN & PANAMA CANAL

Art. Oct. 24 Sally Dět. 20 Art. 08. 20 Salls Oct. 28 PMEGAI. Oct. 20 Salls: Oct,

Arr. Nov. 10 Balls Nov. 12

rates, spécial information

UNITED STATES LINE S

Goodyear

International Harvester

Paper...

Tel & Tel

Johns Manville Kennecott Copper Montgomery Ward National Distillers

Lead

New York Central Packard Motors

Pan American Air Pennsylvania RI Radio Corp..... Remington Rand Republic Steel Reynolds Tobacco Schenley

Sears Roebuck Shell Oil

Socony Vacuum Southern Pacifie Standard Brands

Oil of Calif. Oil of N. J;

Studebaker Union Bag

Carbide

US Rubber

#Steel

in Lines Westinghouse

England never impressed as a good side

Today, the speculators' problem is to get the money out of Aus-

The American-bullt line cost estimated $250,000,000 and took 323,000 tons of steel,

an

It taps one of the world'%' greatest of fields, now producing at record rates. Associated

Press,

PASSED TO YOU

Learle Constantine, the famous West Indian cricketer gives his carliest recollections of cricket.

His father, a very keen eri- cketer, believed the game to be a means of expressing character and Constantine himself considers it an excellent study in psycho- logy. The Constantinos hud motto "If you're not going to do a thing well don't attempt it This meant that when Learic and his brothers took up cricket they had to take it seriously and

play it really well. They know that they their ears would be boxed

could

д

K

tralia through a fight Governantenes and practised o

ment exchange control.

Finance editor W. J. Jackson of the "Daily Telegraph" saki 300,000.000 pounds

that

They

came into this", dominion in the: past four years in anticipation of depreciation of sterling or dp

of the Australian preciation

throw open knives to each other their hands. without hurting

tonic Their mother's best cha Australian

place of

The ball, a cricket. Eitchen, set slightly, apart fram ached by the rest of the house, was IC- fight of steps: and a

passage. There ven in the family and were seven in The Cabinet's decision not to when meals were finished

Belfast, October 7. England today won the first 40% 14home soccer International of 47 the season here, defeating Ire-pound. 05% land by four goals to one

after leading by 1-0 at half-evalue the pound came after hi Lenrie's brother would stand on

60

20% time.

51

102

434

A crowd of 50,000 at Windsor Park watched England, in ideal conditions, clinch the game in the second half after the Irish defence had

on tenaciously to the interval 10

stubborn defence by While a

long argument within the coali- tion Cabinet.

Australians generally believe Mr. Menzies was telling the truth when he said "no change is to be made in the exchange rate.".

There is virtually no sugges- on that the statement might be 414 the Irish halves and backs broke a camouflage to discourage more 35% up the cultured football of Eng-apeculation.

20

19

13%

62

24

39% and i

the first half, England The decision was criticised by pro Government newspapers 523% never impressed as a Ertore the

intery side,

Stanley which have been urging oppre- Matthews

left without Mr. Menzies 613% opportunity to show his Wizardry understood to favzius himself was England's forwards played tooth the value of the pound to cut 70% close and the Irish goalkeeper, the costs of imports, but the 88% Kelly, had an easy time.

2244

the kitchen steps while, he stood in the dining-room

and thru down all the plates and crockery for trashing up. "I don't re member we ever dropped any" he said reflectively.

"Only a few years ago this brother visited England and cario and he toured the Lakó District by motor coach,

rondaido stopped far meal at a cafe and when they had finished

They

of

fored to help with the Washing

and

Leario

carle stood at the table

went to the ..his brother kitchen door and started to spin country party bitterly opposed it. the tea things over to him. The Wir Mannion tried his best Mr. Menzies' Liberals do not manageress of the cafe mest outright majority in died of heart failure" and the to put punch into the attack, lave an but was not given much scope Parliament and are joined with other passengers in the coach

36

36%

47

52

by McMichael, the Irish

40%

101%

334

Youngstown Sheet & Tube .106

Gan, Pub, Utilities

Associated Press.

LOAN TO IRAN

17%

left the Country Party in an anti-were helpless with laughter, but

half-back, and it was Bobby Labour Coalition Government.old habits held and

Langton, the Bolton outside Associated Press,

left, who spearheaded the at- tack.

England were more composed after the interval, but spoiled many attacks by poor finishing. Mannion improved and he and Langton harried the Irish defence continually, but Jack Lee, Eng- The Export Import Bank island's new centre-forward, was reported to be putting the final well held by the Irish captain, touches on a $25,000,000 loan Jack Vernon, who was supreme

at centre half, to' Iran.

Washington, October 7.

Omelals looked for a formal announcement within a few days

Russia is negotiating for a new trade agreement with its oll Fich

Southern neighbour, which also is due for completion shortly. If the long penting American loan is announced first, diplomats hope. Moscow's recent efforts to wob the Iranians will suffer à setback.

Associated Press.

Ireland were slow in compart son and failed to accept several good chances.

at

Billy Wright, the England cap- Lain, played a grand game right-holf, and Johnny Arton was very sound at left-back,

...

Ror Ireland, McMichael had #fihe game agalhit England's right wing and Gallophy "was Brilliant at right-back. MeMor- rah, the dentre-forward, tnd the attack well.

NOTICE TO CONSIGNEES

#18.5."'"SINDHANA”. GENERAL, AVERAGE

minutes, and after. McMorran had Owing to the grounding of bred for Ireland Ave minutes m.5. "SIRDHANA” in Penang. Jater, Wright and Bally got two

#tantines never dropped a thing:

P&O B.I. E&A

COMPANIES

PENINSULAR & ORIENTAL S.N. CO.

PASSENGER/FREIGHT SERVICE

OUTWARDS *CORFUR "CANTON "CHUBAN

LEAVES LONDON

'Ballod

19th October

7th November

DUE HONGEUNG

#ted October

Toth. Novrbiber

6th Decembarg

Via. Southampton, Port Bald. Aden. Bombay, Colombo, Penang á

HOMEWARDS

***CORVUS

A. "CANTON

. "CHUBAN

4. “CARTHAGE"

*.*. "CORPU"

. "CANTON"

*M. “CHUSAN”

Gingapore.

LEAVES "HONGKONG

87th Outcber

Bird November : Bih December

22nd December

19th Jannery

∙16th February

20th February

DUK LONDON

17th November

24th December

6th January

fed January

10th FebruaTY

10th March

24th March

• Disembarks pakiltigers Bakthampton on rd December. Accepting cargo for Bingapore, Penang, Colombo, Bombay, Adeny Fort Bald · London,

OUTWARDS M. “ÁÐUDAN" B. "BURAT HOMEWARDS HILLONGH m.. "SOUDAN"

FREIGHT SERVICE

BUE BONGKONG Zard October

16th November

FROM London & Continent

LEAVES TIONGKONG

10th October

→ 2014 November

FOR

London & Continent,

Accepting Cargo for Singapore. Part Swettenham, Penang, Colom bo, Aden, Port Bald, Genos, Marseilles, London, Hamburg, Ant- werp & Botterdam, With liberty to call at Bombay inducement

offers.

TANKS AVAILABLE FOR CARRIAGE OF OIL IN DULE BPACE FUR REFRIGERATED CARGO, LIMITED PASSENGER - ACCOMMODATIGNIA DIA

BRITISH INDIA S.N. CO., LTD.

** "TAMEA"

.

*ma. "BANGÓLÁ”

-due 17th Oct.

Path 20ih det

due 2 Get.

mail. 29th Oct.

from Calcutta, Runguon

Stralla,

for Japan.

from Calenitn. Rangoon via Straits, for Japan.

• There ships bare Befrigerated Cargo IDAON.

P. & O./B.I. JOINT SERVICE

"ATLANTIC SEA"

* "ITOLA"

1. "BHAILA”

flur 10th Oct, mal 14th Det.

In rort

An 11th Oct,

'due 19th Oct. alle 20th OcL.

Medras,

from Japan. for Straits, Colombo, Bombay, Kara. chi & Persian Gulf, from Peralun Gul A

Karachi, Dember, Colom

bo, Nadras

for Japan,

from Japan,

for

Straits,

Bursite.

Madras,

Colombo, Bombay, Kara el & Përplas Golf,

EASTERN & AUSTRALIAN S.S. CO., LTD.

** "NELLORE

"NANKING

"

In port

Aail, Brth Nov, for Rabeut, Brisbane, Ardowy, Port Kembla Melbourne, Adelaide Frubatle,

* 23rd Nov. for Australian Perta via

-Port Moresby,

All vessels have liberty to call at any ports on or off the route, and the routes and sailings are subject to change or amendment with or without notice.

For full particulars apply to MACKINNON, MACKENZIE & CO.

Telephone Nos-27721-4.

There is

HITLER DISAPPOINTED Still time

IN FRANCO SPAIN

Washington, October

new batch of captured Nazi documents,

cd today show that Hitler mot disappo

shelp. in spending about. US$200,000,000 Generalissimo Francisco Fronto, seizo Spain. Records from German Foreign Office files provide fresh evidence that the Fuehrer, and Field Marshal. Herman Goering gave Nazi did in an attempt to get control of the Spanish cop- per and iron mines for Germany.

Ireland missed two good Hitler later complained of dor Legion which fought for

Franco. chances before Bally opened” the

Franco's ingratitude, scoring for England two minutes

her (inkl. b) for the Spadith war before the interval. Lee hended The records indicated that FAS-Count Ciano sald Italy found England's second goal after as Cist. Italy's role in the Spanish Totaled 1,000 pinnes, 6,000 dead

Civil War was even contiler:

hand11,000,000,000 TO Russin, according to Soviet

sociated Press. that of the Axls in try ing to keep the Republican (gov- ernment In power, supplying bp-- of a type hind-the-scenes support of a

that In

and

harbour bithe 10th Septem: - England goals In the last fivo Purable, made un effort.com:

ber, 1950, when certain minules

teams were:

damage to the ship was hus be Kelly (Southampton), GLAV

tained, General Average hus

been declared,

Mchool Nuddersfeld), Mc- (Newcastle), Blanche- (West hawer. (Barnsloy), Vernon,

All consignees of cargo from Bromwich)

plots of the totalitarian powers are set forth in 810 dBel- captains Cush iménta ediprising the third 'pub- Calcutta: Hangoongbna Pongtis dienavon) Campbell (Fulham), ished selection from the captur by ma. "SÜDHANAJSAIGIACH CTyssum 3. (Blackburn Rovers), ed, trchlycs. All Bear Ulrketly on dordingly, hereby, réðuustoð frá Memorian (Barnsley), Brennan the Spanish Civil War. rubnile ally. Cómplöjtu: Valla, (Fulmim), McKenna, ⠀ (Hudders- tton Corlogfok - sag, sien, Bold

Average 3 Bonds, and s, pay, huangland;" Willams (Wolver-

General

nosíthat, hampton 14% of the CIFT of their goods, “bifore-dollVery: Can (be

EN2IN

Wanddrama),'» Ramsey -Howpur),?: Zaslán Yeštuisi United) Wright

hoster:

They were chosen by British; French--and American? from 400 tons of dres in Gärmány, after diD

e your Holiday JAPAN

to make

ROUND TRIP to

R&DUCED FARES

with no extra charge for: jiving aboard the ship in JAPAN-

ROUND TRIP FARE: HK$500 HK$600

For Particulars Apply to

JARDINE, MATHESON & CO., LTD.

PASSENGER DEPARTMENT-WA

HARBOUR PILOT SERVICE

HONG KONG, TOLO HARBOUR BY PILOT CHEUNG

AY/NIGHT SERVICE