1951-07-27 — Page 9

MESSAGERIES M

"GRENOBLE”

ARRIVALS from Europe

THE CHINA MAIL, FRIDAY, JULY 27, 1951.

MARITIMES Anglo-Japanese World Price Of

Of Gold:

"LA MARSEILLAISE” from Marselites

SAILINGS

M

PASSENGER/FREIGHT SERVICE

"LA MARSEILLAISE" ........ to Japan "LA MARSEILLAISE"

"OUISTREKIAM”

"MEKONG"

"MEINAM”

to Marvelles

FREIGHT SERVIOR

27th July *gih Aug,

9th Aur. 22nd Aug,

.N. Africa & Europe 17th AUR. .N. 'Africa & Europe 30th Aug. .N. Africa & Europe 25th Sept.

for

PORT SAID, TUNIS, MARSEILLES, Algiers, oraN, TANGIER, CASABLANCA, BAYRE, DUNKIRK, ANTWERP & ROTTERDAM.

CIE DES Messageries MARITIMES

A LIMITED COMPANY INCORPORATED IN FRANCE Queen's Building

Tel. 20051 (Three Linos)

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, via

SAN FRANCISCO, LOS ANGELES, AND PANAMA.

NEXT SAILINGS

M.S.

"GRETE MAERSK"

July 31

M.S. "OLGA MAERSK"

Aug. 14

M.S.

"LAURA MAERSK"

Aug. 28

ARRIVALS FROM U.S.A.

M.S. "LAURA MAERSK"

Aug. 8

M.S. "HULDA MAERSK"

Aug. 21

Sept. 1

M.S. "TREIN MAERSK"

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Pedder Building

WHALING

FLEET

FIT OUT

London, July 26. British shipyards are go- ing all out to equip their whaling fleet for a winter likely to bring the fiercest competition. in Antarctic whaling history.

its

Tel. Nos, 36066-9.

To Handle

Aid Plan

In Asia

sources here,

will

Agreement

Tokyo, July 20.

PHIS

United Kingdom Japaneke negoilators have reached an agreement on monetary problems after 12 meetings, Allied head- quarters sald today.

A committee was named to draft detalled agree-

ment Associated Press,

Hint

Jap On Trade With China

Londen, July 26. Authoritative Japanese sources here predict that Japan will make a treaty with Chiang Kai-shok's China but will seek to ex. pand trade with the Chi- nese Communist regime

of after completion Japanese poace settlement. These sources said the Demo- of Prime cratic Liberal Party Minister Shigeru Yoshida

A

favoured conclusion of a treaty with Chlang as an expedient to the restoration of Japan's Sovereignty.

The steadily growing Socialist Party, they said, did not agree with recognition of the Chiang regime but would not oppose i

on grounds that a readjustment in foreign relations could be made later in line with, de- velopments In Far Eastern affairs.

International Fund's Proposals Expected

MAY RECOMMEND HOLDING LEVEL

New York, July 26,

The International Monetary Fund is likely to recommend that mem- ber nations continue to hold the gold price at US$35 an ounce, the Journal of Commerce said today.

It added, however, that this is likely merely to increase the num- ber of nations making "by-passing arrangements."

The authoritative financial newspaper, after pointing out that the Fund is expected to make the views known by September, stated, “Foreign exchange and gold authorities are betting that the Fund will again go on record for holding the line at the $35 an ounce level but its refusal to approve sales at premiums merely widens the circle of nations making by-passing · arrange- ments.

HONGKONG

SHARE MARKET

Cautious Mood In London

London, July 26. News of the agreement Korean truce talk

on a

ROYAL

Date

14 Fort

31st July

3rd Aug.

SIN AUT.

14th Aff. 17th Aug. 29th Aug.

3rd Aug.

3rd Aug.

Sth Ang.

tch AVE. 20th Aug.

23rd Aug. 31st Aug.

Dato

In Port

Shin

JL.

INTEROCEAN

ARRIVALS

*THWANGr" *VAŃ REUTAZ”

“BOISSKVAIN"

**THIBAUANK**

"TJITJALENGKA" POTABMANK "BOISSEVAIN"

"TJ]WANGY #VAN HEUTSZ" "BOISSEÝAIN" - "TSIRADANË"

TASMAN"

LINES

From

Macassar & Jaya Porta Зарла

*B. America, 8. Africa, Singapore.

Balgan & Manila

8. America, 8. Africa, Mugapore &

-Bianlia

Mincautat, Java Porte &

Играй

Bajan

SAILINGS

"TJIZJALENGKA" *DOISSEVAIN"

То

Kingapore

Singapore, Java Ports_Macomar Singapore, Penang & Belawan De Yokohamı ☆ Japan Porta Yokohz.uk Japan Porta

Singapore, Esmarank, *Threben,

Djakarta & Belawan Deli Singapore, Java Porta. & MacasaRT Alania, Singapore, 8. Africa, à 8,

America

Agents: HOLLAND EAST ASIA LINE

ARRIVALS

Ship

"AAGTEKERK" 15th August "AAGTEKERK"

2nd Week Aug. "ALMKERK” Afld. Sept. "ALMKERK"

*AAGTEKERK" 19th Auguet "AAGTEKENK"

2nd week Aug. "ALMKERK" Mid. Sept. MALMKEBK"

From

Europe & Singapore Japan

Europe & Singapore.

Japan

SAILINGS

To

Japan via Manila Manila, Bingapore à Europo Japan via Díazila

Manila, Singapore & Enrope

ASZKING'S BUILDING, TELEPHONES: QUIA NON GRANT:

RIMNYAGENTAIRE CONNARLITE ROMLAZARENOPOglan ska

"There Is

an outside Fund, chance that the which at last reports had not acted on its staff inves-gain failed to stir much th July

enthusiasm in the Stock tigation, might sanction, or at least not object to, the Exchange today. diversion of some share of Investors preferred to wult for an official statement on 'nation's new production

Britain's economic position due to the premium market in to be made in the House which South Africa at pre-Commons after the

market's (From Our Correspondent)sent is dumping at a rate closing ume,

of some $200,000,000 aj. Selected oil and gold mining stocks were armer, along with

and Japanese

Germar tobaccos

Domestic textiles

und Government bonds were dull.

were lower, Brkish

Business done on the Stock

Noon

de- Fund's

of

Exchange this morning was year. valued at $435,568.85.

"Whatever the

bonds. morning's clsion on its staff reports, its and the prices

action will bring to a head the transactions:-

question of whether the United || SHARES BUYERS SELLERS SALES States, besides holding the line which

The Financial Times' daily fixed gold price, also can BANKS

iso tim index: 192.0 HIK Bank XD 1955-1470

continue the selling of a sub- Japanese bonds East Asia ..100 INSURANCES

out that

After signing the treaty, they sald, there would be strong pressure for a restoration of trade with China upon Japan's economy would become increasingly dependent.

They

pointed peaceful settlement in Korea would mean a decrease in Japanese Industrial activity and. that it should open the way for a revival of trade with her traditional markets.

The Japanese sources said that Japan's heavy Industries largely dependent ΟΠ coking coal from,

arc

lack of thece in and the

resulted

In uneconomical importing of coat from the United States,

This is a ridiculous situation. Every dollar we pay for United States coal not only reduces our own economy but affects United Slates taxpayers," dan Japanese fald,

an

Conton...

Union Underwriters

HK Fire ...A

DOCKS, ETC.

K. Whore

30 0 1460

275 260 130 300

sa a

760

100 T 011

on x

stantial share of Its

i

newly-

-

t the form of mined gold in Industrial gold' at a premium,

"Canada Inst March demand. ed that th

the Fund adopt a uniform policy on such free gold sales; and consented to await the re-i

which

N. Pt. Whart 4.90 0.10 500 4, 4.93 | port of the Fund staff

Provident

S'il Dock

Wheelock

LAND, ETC. HK Hote HK Land Shot Land Humphreys TEATIES Trats

4.05

1.10

奋

132 1014 200

P. Tram (0) 101

Star Ferry

gathered material from seven countries..

"A" EAH, of $800)

"B" • (48, of 1910) "C" (0%. of 1907) "D"(58, at 1034)

"E" (955. of 1934) Connois

Associated Press and United Press.

The

NEW YORK RALLY

extended ment.

New York, July 28. stock market rallied

The Journal of Commerce from an carly slump today and It's recovery move- 500 4.30 continued, "The Fund is study

ing particularly the sharp in- crease in the proportion of the

ATZOW? Quistindľag - Issues world's new gold that is, and

gains has been, finding an outlet in made extremely heavy

and there were substantial plus sales and 130 premium gold

also the diversion, of

certain signs 1335 amount of monetary gold to 100 13.50 he possession of private hoard-

13.03

30 185

C. Light (0) 7.05 7.20 5000 710 6077.10 Light (N) 4,30 4.00 1000 0 440

8:00

crf.

a

NEXT STEP

"If the Fund decides to go far 27 3550 20,25 along the route demanded by C20 the large gold-producing coun- 5260 tries, the

next step would be 500 g 20,00

to submit proposals 500 11.0 for them

for which the Fund would be asked for its approval. 11.20 If the Fund decides to hold the line on the present basis, it

certainty Js almost tain

members will adopt unila-

or even teral policies from the Fund membership.

Electric

..... 267

Telephone INDUSTRIALS

Cement Hópo

STORES, ETC.

Baby

−14 742

11.30 13.10

17 1215 500

Watson

Crawfordáz

14.23 14.50 600 14.40 1000 in Dew 18

100 G D

2,10

Fitting out should reach peak next month.

Already British whalera stood, Balaena and Southern Garden, together with a fleet of the

COTTONS pre fitting smaller catchers, out.

August they will be joined by two more factory ships. the Southern Ilarvester and Southern Venturer.

But this

Ia

the United

Mr Raghavachary ix going to Geneva on August 9 to meet winter both Japan General of Technical Assistance, Nations Director- and the Argentine will enter.

Mr Hugh Keenleyside. the Antarctie whaling season

EWO

The Rubber

FISHING RIGHTS The question of Japanese Colombo, July 20

be also would fishing rights Mr N. E. S. Raghavachary, Counsellor to the Indian

the peace High reviewed following Commissioner in Ceylon, has

settlement, the sources sald, and effort would be made to been appointed United Nations

for technical extend the existing "MacArthur representative

sistance in Asia and the Fur lines" which deprive Japan of lucrative the more East.according to reliable some of

Ashing grounds,"

It was understood, they said, His headquarters, it is under- that the South Korean Govern-

be at Bangkok.ment was objecting to an exten und. his dutles to

Japanese Ashing sion of the Thailand, maintain liaison with govern: rights southwards,

The sources said they are not ments in the area on question

Britain in an omelal of technical ald.

but they

had con- versations with Foreign Secre- tory Herbert Morrison on rela- tions with the Chinese Com munist regime and the British Far East that Mr Morrison polley. The indication that Britain change in is considering

towords policy

Communist ed to

to be the biggest, factory |

he had given then China and world-is In the

now

London, July 26. ship.

Prices of rubber futures closed lur completion

the

"very forthright fall on the nearing Argentine at Belfast.

today as follows:- British viewpoint,"

the opinion Italy, too, is likely to begin

They expressed

Number 1 rubber, in cents that it would not be necessary The whaling.

10 expeditions

per ib. to consult with the

September for which look part Inst season

mith

countries on the October his appointment will be increased this winter.

*** which of which

Chinese November Counsellor he was Indian Act question Germany. Holland, America, as well as Britain and Norwaying High Commissioner hert for regime they would recognise uber/December

six months.-Reuter,

after the peace treaty is signed. will be taking part.

They said, "All talking has been done. At present, Japan! wants nothing to stand in the way of the penco settlement in September," United Press,

FEN

bly scale. Japan has

พร

ship. 23,000-ton factory

The

Later he will accompany him

30.000-1on Juan Peron-claim on a Far East tour.

With whale oil fetching over some expeditions £100 a ton,

can secure a £1,000,000 turn- over, London Express Service.

New York Sugar Futures

New York, July 20. Domestle sugar futures No. G closed three higher to five lower. November

3.60 bid March

0.37 bl May

5.38 Domestic futures No, 3 closed quiet, no sales.

World sugar futures No. 4 closed eight to 32 lower, Reptember

March

January

MAY

Reptember Raw suger spol ****,

0.07 157 nominal 1.20 3.20 nominal 6.20

8.09

at

Mr Raghavachary first served in Ceylon for a year as agent to the Indian Government Kandy and then for three years as First Secretary to the Indian High Commissioner.

Before

New Markets

For Japanese Pottery?

$5

said gave no

สกร

NY Cotton Futures

Make Gains

New York. July 20. Signing of the Japanese peaco heaty inny besicfit U.S. poltery -makers by diverting somo East Asia which has been left Japanese competition to South

New York, July 20. Prices of cotion futures closed mostly to the British since the today as follows:--

Street Journal Spot war, the Walt said today.

October December March (1942) MAY

column, -Associated Prem.

Steel Company

Earnings

New York, July 20. Bethlehem Steel Corporation, second largest in. the U.S., today reported net income of $23,020,- 770 for the second quarter year, equal to $2.20 a

* Camman share.

October December

37.05

34.29

34.90 24.83

**United Preen, NEW ORLEANS MARKET

24.70 Apot October December Maren (10521

The nuthoritativa' financial dally, in its weekly businera raid, "the Japanese treaty may case impert compe- tition for U.S. pottery makers.

"Under American guidance, the Japanese have left the big marimts of South-East Asia ex- clusively, to the British and con- centrated on the dollar earnings of U.S. trade. But independent | July, Japan is expected to rebuild its world-wide trade and divert exports from the United States at least temporarily,

"Our former Pacific enemy

October December

24.35

1

Markets

April/Fune

1.

that cer-

resign

If gold in free markets, which at present is selling at a relatively modest premium, nd- on the vances again, pressure Fund will increase.

CANADA DPATIENT

"Canada's impatience for al

But

among other leaders. there were scattered

BEND LINE

FAST SERVICE TO UNITED KINGDOM AND CONTINENT

BY

S.S. "BENVORLICH”

LOADING HONGKONG 30th JULY FOR

minus signs in every area. LONDON, ANTWERP, ROTTERDAM AND HAMBURG.

Turnover was

000 shares.

around 1,600,-

The most prominent advance, was the more than $10 guln in Nickel Plate.

VIA

MANILA, CEBU, SANDAKAN, STRAITS, ADEN AND PORT SAIN.;

W.R. LOXLEY & CO., (CHINA) LTD.

Benguet Minlog again was active stocks among the most closing unchanged at 1-4. with 10,000 shares traded,

Corporate bonds were high but Governments declined. York Building.

Curbstocks swang higher. Among those on the

upside were New York Mining, Hum ble Oil and Jefferson Lake Sulphur,

Dow Jones Averages:- 20 Industrials

15 Raijs

10 Utilities

250,00

80.UB

44.00

Associated Press.

solution of the premium Kold LONDON TIN

question was illustrated a week

HIGHER

London, July 20. Following yesterday's risc. prices of tin were higher to-

or so ago when the Provincial Treasurer in Quebec was report- ed to have said it was about time that Canada ceased taking the dictates of the United States on gold

$35-per- day. Turnover was 125 tona, 4235-4344 ounce base price as unrealistic including 20 tons for cash,

Prices closed in the light of present prices.

end of "The Fund is not expected to the official morning session 13-301, recede from its position in sup-follows:-

43 -46

40-41

221-38

United Press SINGAPORE MARKET

Singapore, July 20. Prices of rubber futures closed today as follows.

Number 1 rubber, per th August September Datober Number

August Number

August Number

August

rubber

rubber

rubbe

Spot rubber, unhaled

Black crepe No. 1. pais crepe

Pepper

340 -141 13412-13512

1234 -133

128

-100

168 -163 -United Press.

Market

New York, July 20.

"He call the

at the

port of the $35 Axed price for Spot in. buyers monothry

may 5pot tin, ellera gold but sanction, without

thout approving the Business done at

for remontas in, vers principle,

arrangements

Three-months in, saliers marketing nome portion of a Business done at country's newly-mined gold in Settlement the form of industrial

metal. such 09 is done by South Africn."United Press.

Grain Prices Weaken On

Korea Talks

Chiengo, July 20. Chicago grain futures general- on the Korcan ly weakened - Activity in the black pepper agenda agreement. Pricos closed -market remained at a minimum. today as follows:---

Wheat price per shel. Indian shipment offerings for

August Were reported at $1.67 Spot

September

a pound, monthly shipment for December August, September and October Merch (1952)

Corn 4.77-3478 at $1.00. and September, October.

Spol... and November at $1.66 a pound. Beptember -United Press.

December March (103)

United Fross

AS

030

100

303-383

855

055-440

воз Untied Press, New York, July 26. Copper, lead, zinc and tin futures closed quiet, no sales.— Associated Press.

NOTICE TO CONSIGNEES

MARITIMES

CΠDES MESSAGERIES

Consigners Der Company's 64. "EPINAL”

are heroby notified that their cargo is being discharged in the long- keng & Kowloon Wharf & Godown Co's godown, where it will be at Consignees risk and subject to the

Whant terms and conditions of Florage, and where delivory mAY be obtained, as soon as the goods are landed.

Damaged packages are to be left In the odiwna for examination. by 2.3012

Conses and the Company's mur 3.3314-92 veyam, Bieters Goddard & Thuginn 2.0813-14 | a1 10 a.m. er, Monday, doch July, 1931,

2016:30 To comply

General with the "Woreliouss Mondect

Regulations Consignees must have a šlovėnuo onder in allerlanco when dam« 1,011,-*|| aged dbílable-goody ord examined. "No" esatris will be admisited after the roads have lartz the stenmet'i and all goods

New York, July 26. Exchange Rates NEW YORK BANK delivered edter 31st duly, Tony, will

TEXTILE MARKET

The cotton textilo market was

Business was done in the fossi market thin

Was stering noto (per £1).

|has already recaptured Its 23 quiet today with scoltered sales unostics #xilange This compares with $25,000,- per cent pre-war sharp of the of print clothe and sheetings. morning at tim-following rater: 11.05 205 or $2.45 o' share the

market. pro-American

Domestla The wool, goods

market vious three months, and with potteries have cut output by dull $31,001,043 Or '63.13'à shero, in 30 per cent and put workers on Rayon goods wèro slow, with

80-hour the second quarter last year. Associated Proxi.

Produ

week."--United | prices....on nome goods lower en

Associated Press,

KLAN KEBAIK" Eper (1) Indonesia aldera, Lore, dlom Ticala:((Dark119). Singapore: (Birita)

·FIC" planieog: “ (per":· 100)

QUOTATIONS

New York July 20, Closing bank quotation Dank of America

Chase National National Cly

ted Press.

bo Babject to rent,

Aйelabrus ngainst the sinamnés mount, be presented to the under- simod on or before 19th Augart, 1951 or y will not be recom201

No Tra fordance will be offecled,

stongkong, M July, 1963,

Tel. 34166 & 38710,

S. A. C.

ONLY SAC OPERATES TO 'PENANG Leaving Hongkong

Every Tuesday Overnight stop at Bankok

Arrivipy, Penaps

Every Wednesday

General Agents:

SOUTH EAST ASIA TRADING CO., (SIAM) LTD,

69 Connaught Road, West.

Peninsula Hotel, Kowloon.

Booking Agents:

Tel: 24292

Tel: 56416

AUW PIT SENG'S TRADING CO., LTD. 10, Pedder Street, Tel: 26733

CHIANG HUAT HONG

340 Queen's Road, West, Tel: 36204

SOUTH CHINA MORNING POST

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