1953-07-15 — Page 9

MESSAGERIES

P.O. Box 53. Queen's Bldg.

Outwards

M

MARITIMES

Tel: 75051.

M

PASSENGER/FREIGHT SERVICE

Leaves Blazsekiler

"LA MARSEILLAISE” ↑ July

VIETNAM"

Tomtewards

You kong

2-4 ADE.

9-10 Aug.

For

Balcon Yokohams

Duo Marseilles Via

12 July

Long Hongkong

25 AVE.

21 Aug.

14 Bepé.

"FELIX ROUSSEL" 25 July

"LA MARSEILLAISE" Angul

"VIETNAM"

........22 August

+

Maila Salgon Balgon

vlo Marsellies to all Mediterranean & West Africa ports. vla Djibouti to Madagascar,

Outwards

"MEKONG"

"COURSEULLES"

"MONKAY"

"BILVERSANDAL”

"MEKONG"

Homewards

FREIGHT SERVICE

Leaver

› Europt-Skiled

Hongkong

Far

-21-26 July

„Europe—Balisd

29 August. ·

Lever

Itongkong

Зарод Japan For

-Kerlung-31. July

20 July

་༔

1

1

.Kerlusg-19 August 20 Avgor

"COURSEULLES"

• Keelung-2 August 4 Auguri

„Keelung- 2 October 3 October

↑ Saigon, Marsellies, Alglers, Oran, Tanglers, Casablanca, Le Havre, Antwerp, Rotterdam & Dunkirk. Subject to change without notice.

EVERETT LINES

EVERETT ORIENT LINE

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

"BRADEVERETT"

Arrives

Sals

July 18 from Manila,

July 20 for Singapore, Penang,

Rangoon & Calcutta,

"REBEVERETT"

Arriver Sails

July 20 from Singapore. July 20 for Kobe

& Yokohama,

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

EVERETT STAR LINE

Fast regular freight-refrigerator-passenger service to Korea, Japan, Philippines, Indo- China, Slam, Malaya, Colombo, Bombay, Karachi and Persian Gulf Porta.

"STAR ARCTURUS”

Arrives Salls

July 22 from Singapore July 23 for Naba & Japan

Arrives Sails

July 20

from Japan.

July 30 for Singapore, Port Swetten- Madras, Colombo, ham.

Karachi, Khor- Bombay, rainshahr, Basrah & Buhrein.

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

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

Grain Prices The Rubber

In Chicago

Chiengo, July 14.

Prices of grain futures closed today as follows:--

Markets

Singapore, July 14. The rubber market opened with a

weak trend and prices lower on moderate trade, with closing 2, red, per scilers reserved. The

prices were as follows:- bushel in cents)

Wheat (No.

Spat

July

Sept.

Dee.

March 194

May

150! 1015

1031-%

202-20211 2071-4 2002

No. 1 rubber per lb. July 451-035

August 08-68", Sept. 661-60

No. 2, rubber per lb. July 0445-65 No. 3, rubler per lb. July 1%-62 No. 4, rubber per 1b. July 60-601.

63-031 Corn-¡No. 2, yellow, per ut rubber unboled

bushel in cents)

Spot

July

Sent

Dre.

March 1954

May

Rye (price per

cents)

July

Sep1.

cents)

July

Osts-(price

Sept.

100%

152

145-

13914-192

1434

1404

Hankel erepe No. 1 pale crepe

ex-

72-77 United Press.

LONDON MARKET

Londen, July 14. The rubber market was bushel in tremely quiet with number one ribbed smoked sheets down an- other to 10 pence per lb. Futures closed as follows:-

1071-1

132 135%

THE CHINA MAIL, WEDNESDAY, JULY 15, 1958.

Convertibility By Commodity Markets: Unexpected Sequel

(BY SYDNEY S. GAMPELL, REUTER'S FINANCIAL EDITOR) 'Something quite unexpected has happened to the idea that this year would see a major British advance towards convertibility of sterling by way of re-opening British commodity markets. It turns out to be a form of the charity that begins at home.

LONDON TIN

MARKET

London, July 14. The tin market closed in the

afternoon slightly steadier with both spot and three months 5/- to the common price of £500. Turnover was 45 tons, with no cash deals reported. Closing prices were as follows: Spot tin, buyers Spot Un, sellers

Three months tin, buyers

BDS

507%

895

Three months tin, wolfers 597 United Pres.

It has not, as almost everybody expected, | given more convertibility to foreigners, by enabling them to spend sterling on dollar goods in. the re-opened markets. Instead, it has given more convertibility to Britons by enabling them to buy in the cheapest markets.

It has done a great deal of good at home, both by reducing the discount on "commercial sterling" and by improving Britain's terms of trade. But it has done far less than was expected for foreign holders and earners of sterling.

Key Step In U.S. Formulation Of

Tariff

Policy

BOTIC

Japanese Textile Industry

Position Cause Of Much Anxiety

Manchester, July 14. Today's Manchester Guardian staled that the latest reports from Japan suggest that both in Govern- ment and in commercial quarters, the present post- tion of the cotton textile in- dustry and its export trade are causing much anxiety,

the

"Japanese

priezs of rotten. goods are stated to have risen sharply in recent weeks, thereby creating an obstacle to overseas business in addition to that raised by the restrictions which many countries continue to im- pose on imports from Japan"

newspaper doclared. "The casing of restrictions in some Commonwealth countries not gone very far and in has several instances Is difficult to the extent of the trade which will be possible, because ecause the imports have been subjected

ndministrative that is, the customs authorities will use their discretion about the quantities of the different classes of goods which they will primit.

гле