1953-06-25 — Page 97

MARITIMES

Toj: 20851.

M

PASSENCER/FREIGHT SERVICE

"FELIX ROUSSEL"

Leaves Marialties .Salled

LA MARSEILLAISE" 7 July

“VIETNAM”

Потаенаная

Hoogkong 10-11

July

24 Ang.

9-16 Aug.

Fot Yokohama Saigon Yokobama

Mabila

17 July

Leaves Hongkong ·

Dne Marseilles

VIA

25 Aug.

17 Aug.

14 Rept.

"FELIX ROUSSEL" .20 July "La MARSEILLAISE” • AUFUN "VIETNAM

22 August 2

Raigon

Salgon

via Marseilles to all Mediterranean & West Afrlen ports. via Djibouti to Madagascar.

QUINANGY

It has been decided to form a non-oporating | group of nine firms, who will tender for large-SILVERSANDAL". scale works in Canada. The St Lawrence is the Homewards

most important of these.

Whether the companies ten- dor individually or in coltaboru- tion will depend on the size and nature of the contracts, but there is no doubt that the St. Lawrence will require group participation if American 'em- petition is to be met.

company

The non-operating will act as a central intelligence or co-ordinating burenu.

The

trompanies which are known to be interested aro Richard Costain, Taylor Wood- row, Sir Lindsay Parkinson and Co., Dunnun LAIK LEA Cu. John Laing and Son, John Howard and Co., Matthew Hall and Co.. Peter Lind' and Co. and Coffin and Co.

DIVERSE ACTIVITIES

British Cotton Agency's Losses

London, June 24. Britain's bulk buying cotton agency, the Raw Cotton Comi- mission, suffered a trading loss of about £25,000,000 in the year ended last August, according to There represent a general cross-sectioni of

United its annual report, the Klugdom constructing industry. The The firms, which are all mem- the Constructional Industries, its in earlier years to meet this bers of the Export Group for reserves accumulated out of pro- coves activities diverse as loss, which it attributed to last railway and bridge buliding to year's worldwide recession in constructional steel work and the textile industry.. building hydro-electric or

LOVE

as

to

At its

Commission

drew

"MEKONG"

ORION"

"MONEAT"

"SILVERSANDAL”

**MEKONG*

FREIGHT SERVICE

Europa -Snited

Hamburg—Bailed

LoRTER

.hrefuzy là Huy

Reader) July

trongkong

1-2 July 19-20 July Hongkong

20-17 June 14 July

1 August

„Keelung-1 August ́ ́R August

For Japan Japan

For

Bagn

† Saigon, Marseilles, Algiers, Oran, Tangiers, Casablancs,

Le Havre, Antwerp, Rotterdam & Dunkirk. Subject to change without notice.

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO

NEW YORK. BOSTON, BALTIMORE & PHILADELPHIA via SAN PRANCISCO, LOS ANGELES AND' PANAMA,

ย NEXT SAILINGS

on

m.v. "HULDA MAERSK” 1.v. "CHASTING MAERSK“ m.y. "TREIN MAERSK"

July 3

July 17

Allg.

ARRIVALS FROM U.S.A.

July

July

July IA

DLY.

"THEIN MAERSK” .. "MAREN MAEJSK"

For Freight und Further Particulars please apply to:-

recession.v. "ELE MAERSK worst, the chemical plants. The bureau

follows the re-reduced the weekly consumption commendations of the Birce of cotton to 51 per cent of the 1931 average, and rendered lulle man tean: which went Chanda carly this year

fint 40 per cent of the spindles in cut what scope there was for Lancashire. British Arms. The team also recommanded that Arms start-

one

It has been reported that a sum of £30m, would be needed to buy equipment, some of it from America.

The Commission's dimculties

the

of

AGENTS:

JERSEN ·

pt

the

Pedder Building.

ing to da work in Canada were intensifled by the political should co-operate with existing Stisis in Egypt, which

time appeared

to threaten Canadian contractors.

which has supply of long staple cotton A major problem

The Lancashire's fine spinners, not yet been resolved is that of Lancashire finance. Tentative discussions events in Egypt had a disturb- throughout have been held in the City, and ing effect on trade

is that suggestion

a the world, and the Commission

that

authorities might be at-warnett revolving credit 38 621⁄2 ranged.

there might And difficulty in restoring Egyptian cotton to its former place.

Budan "The competition and other growths, which have largely replaced Egyptian in Lancashire mills, may prove

the report saki. very severe,"

The Raw Colton Commis sion's

of monopoly

cotton im- has now ended, and porting

mixed replaced by system which allows spinners their oul and do

if they prefer. means that the will no longer accept a Hability to maintain at all times stacks sufficient for the global needs of the in- dustry.

132

8.00

Macao Elec Talephone ..19.30 1919

INDUSTRIALS

Criment ....10.ng Rope

13.00 STORES, ETC.

Dairy

17

2319

11.30 1.20

Meanwhile, discussions have 23.40been taking place, between the Treasury and certain private ilm on the condition and details of Investment in Canada, These are not official or on an

500 10.00

20.40 20.60 000 2014 Watson

24.30 2415 309 24.35 COTTONS

EWD

2.134 Textile Corp. 5.18 512 1000 kr 1.20 MISCELLANEOUS

0.30 Yangtze

1.30 5000 fr

The Rubber Markets

Singapore, June 24. Prices of rubber futures closed today as follows:

Number rubber, per 15,

July

August

September

Number 2 rubber, July Number rubber, July

Number 4 rubber, July difer Spot rubber, unbaled Blanket crepe

No. 1 pale crepe

6032-075 5714-50 70-78

United Press.

LONDON MARKET

organisest basis but prel

minaries to the whole matter.

PRESENT POSITION

The Seaway project self settled. The Recmis far from position now seems to be that President Elsenhower and his Cabinet are anxious that the United States should participate in the International Rapids see- Lion

But Mr St. Laurent, the

Canadian Prime Minister, has now and that it would not bo long before two cannis would be required in the International Rapids section,

The hydro-electric side of tho project looks more promising. and the Both New York Province of Ontario are badly in need of additional electric power.

It

Is proposed to leave this side of the work to the two

themselves, and

States

מם

already been

to contract

importing own

This change Commission

D

The report warned that henceforth mill managements will have to assume this re- sponsibility for themselves, whether they have contracted out or not. Reuter,

Grain Prices

In Chicago

agreement has

Chicago, June 24. Prices of grain futures closed signed on these lines. It will Involve a mammoth generating today as follows.

plant costing each of them London, June 24. The rubber markel was fully

Prices closed steady.

follows!- Number 1 rubber, in pence

per ib. September August

October/December

January/Marcis April/June

& CO.

Tel. Nos. 36066-9

Chinese Freight Booking Office -27, Connaught Road, C.

Tel. 20461

Dates and rotation subject to change without notice. Aborty to proceed via other porta to load/discharge cargo,

EVERETT

LINES

EVERETT ORIENT LINE

Fast regular freight-refrigerator-passenger service to Korea, Japan, Philippines, Indo- China, Slam, Malaya, Rangoon, Calcutta and Chittagong.

"BRADEVERETT”

Arrives Sails

July 10 from Manila. July-17-for--Singapore,Penang,- Rangoon & Calcutta,

"REBEVERETT”

Arrives Salis

July 23 from Singapore.

July 24 for Koba & Yokohama.. (Accepting cargo for transhipment Kobe/Panan and Kobe/Okinawa)

EVERETT STAR LINE

Fast regular freight-refrigerator-passenger service to Korea, Japan, Philippines, Indo- China, Siam, Malaya, Colombo, Bombay, Karachi and Persian Gulf Ports. "STAR BETELGEUSE”

Wheat-price per bushel·

1.2012

1251-

2.00-20

Arrives

Balls

December

ប In the past the Federal Powerspot Commission has been reluctant September

the New York State handle the matter independent-fac ly, but this attitude might be since modified.

President Corn Elsenhower belleves in letting

about $315m.

35

to let

2016-12

2011-12

20-2012

United Press.

NEW YORK MARKET

Prices

New York, Juno 24.

futures

of rubber

possible.

th States do as much of their July

business Own The Financial Times.

closed today 19 to 20 points New York Sugar

30

Futures

Spot September

December

March

May

Rye

July

1.40

Becember Onts

higher with sales of 90 con-

July tracts. In the last hour some

September

Boybeans additional lots were done between dealers' interests. The

Spot New York. June 24.

July late activity was coupled with-

futures" august and General Manager of the that

hedge lifting. No 1 smoked World No. 4 sugar

at

closed unchanged to 3 points September November ribbed beets were quoted can con- groove

24

lower with sales of 245 cents a pound. Prices sume all the leaf tobacco pro- ether higher groove than

tracts. closed as follows: before the Presidential election. country. Last At the moment it is near the duced in this

Domestic No. 6 closed un year Spain imported 9 million bottom of that groove and any

.......

changed to 3 points higher kilos of leat tobacco from the break-out it the down side

677 contracts. futures Philippines.

depressed would be construed seriously.--

Senor Perez, who is also a Reuter.

to tho special commissioner Board of Directors of Tubaça- lera in Barcelona, Spain, will survey general business condi tions with a view to making recommendatons to the head offee for possible expansion of

July September December March May July

24.20 nominal 84.20 nominai

24.00 bid

23.40 bid

with

salts

23.65 nominal Liquidation 23.85 naminəl Following

-United-Press.~*

JAPANESE BONDS

Germany

cents

ΟΙ

the reporta pald 3.53

COTL

January March

that 3.54

in

to a pound for 30,000 tons of Cuban raws, fo.b, com- pared with the recent males, In the world market at 3.55 cents a pound. London, June 24.

Domestle futures ruled steady "A" (41. of 1090)

01 In line with the firmer now closed. as Prices 704

market. 1224 follows:

Pepper Market

the Company's activities in this country. Ho intends

to

New York, June 24. The pressure of Sarawak

Japanese bonds

re-offerings combined with lower

main here several months be- Indian cables accounted for

益

fore returning. to Spain to wesker situation today in the

make his report.

Spain bought about 40 cent of the leaf tobacco

local pepper market.

per, Seliers

oul- down

put of the Philippines before

the war.-United Press.

Copra Quotation

were

quoted, spot material to $1.38 a pound, but sales

of several tone known to have passed at a cent under that figure. Malabar July shipment was off 1 cont at $1.80 a pound but com- peting Sarawak

offerings down 2 to 4 cents

g .pound Copra was quoted today at overnight. Sarawakc for June $185 per short ton, c.lf. the shipment wde indicated at Pacific coast. Cocoonut oll was $1.94, July $1.32 and August 477% {quoted at 14 cents a pound, #1.31 a pound, all on an ex-

nominal-United Press,

dock' basis-United 'Press. · Preis..

+

New York, June 24.

"" (45. of 1910) "C" (ds, of 1907) " (3. of 1924)

(58. of 1030)

Conzols

00% 340

50-7/16

United Press.

Exchange Rates

Contract No. 1 (World) July September

2.07 1.58 bid October

3.79 nominal January March

3.39 bla May July September Spot

Contract No.

Business was done, in the local, July unofficial exchango narkot morning at the following · Tales:-- 18. dollár (per (31)

Th

5.035

Bierling nate, (por £1)

10.70

Indonesian guilders (per 100) 22.00 Blam ticals (per 100)

September November March May July

32.60

September

Singapore leak (per 100) ***

1814 Spot

ric" "plastres._(per 100)

ilted Prome?

0

6.72 norainni

2.64 nominal

2.80

20196-15

New York four-per 200 ib, mock $13.10 nominal----Unked Press.

Stocks Down

In N.Y.

4

volumno

Now York, Juno 24. Stocks registered their first decline in six sessions today. but losses averaged only a few cents share and dwindled. Sales for the day totalled 1,030,000 shore coETI- pared with 1,080,000 yesterday. Selling was particularly heavy in Facile

The entert Oll...

in walls were small with drops of a point to 1024 in Atlantic Coast Line and 15% to 09 in Northern Pacide. Of 1,051 imus tradod. 402 were lower, 247 higher and 302 unchanged.

The New Yor Stock, Ex change, borul volume was $2,- 650,000 and, the American Stock: Exchange volume 320,000 shares--United Press.

Artives galis

June 26 from Takao

June 27 for Singapore, Port Swetten- ham, Madras, Colombo,

Bombay, Karachi, ramshalir, Bastab Bahrein,

July 4 from Singapore.

July +

Khor-

for Kobe & Yokohama.

(Accepting cargo for transhipment Kobe/Pusan and Kobe/Okinawa)

EVERETT STEAMSHIP CORPORATION S/A Quocn's Building, Telophona 31206. Chinoso Department: Telephone 28293.

BUSINESS REGULATION

ORDINANCE 1952

Copies of the prescribed Forms 1(a) 1(b) and 1 (c);

Now On Sale at S. C. M. Post, Ltd. HONGKONG AND KOWLOON

TEN CENTS EACH