1953-08-21 — Page 9

MESSAGERIES

PO Box 68. Queen's Bldg.

M

THE CHINA MAIL, FRIDAY, AUGUST 21, 1958.

MARITIMES

Tel: 26851.

Target

For Industry:

Virtual Extinction

M Parity With Output of Dollar

PASSENGER/FREIGHT SERVICE

Cutwards From Ektops "CAMBODGE" ***

Homewards For Europe "VIETNAKI"

"CAMBODGE"

Leaves Martellles

Aug.

Leaven Hongkong

..34 AUR

· Augu

Dhe Hongling Vla 49 Aug.

Aaleun

Due Marcilles Via

14 BOD

salgon Balgun

ZU dept.

via Marseilles to all Mediterrancan & West Africa ports, via Djibouti to Madagascar.

Bulwards From Europe

"COURBEULLES” "AURAY"

"IRAQUADDY"

Humorwarde For Europe

"MEKONG"

"COURSEULLES"

"AURAY"

"IRAQUADDY”

FREICHT SERVICE

i.caver

Ettrape-Salled

· Europe-Salled

Due Hongkong For

Z Hrpt.

29/3 Next.

.Antwerp-1 Hept,

1.raven

12/14 Oct,

Japan Japan Japan

Hongkong

For

- Keetung-28 Ang.

23 AC.

5 Oct.

ct.

#

Nov.

S NOT.

•• Keelung— 4 Oct.

•• Kotlung-30 ......Keelung- 7 Nov.

↑ Saigon, Marseilles, Algiers, 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 Koren, Japan, Philippines, Indo- China, Siam, Malaya, Rangoon, Calcutta and Chittagong,

"NOREVERETT”

Arrives Sails

Aug. 21 from_Singapore.. Aug. 22

“REBEVERETT”.

Arrives Sails

for Kobe, Osuits, Napoya & Yukojumu,

Aug. 20 from Manila,

Singapore,

&

-Aug. 20

Jor

Rangoon

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

Penang. Calcutta.

EVERETT STAR LINE

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

"STAR ARCTURUS”

Arrives Sails

Aug. 25 from Manila.

Aug. 20 for Singapore, Port Swetten-

ham, Penang.

Madras, Colombo, Beinbay, Karachi, Kharramshahr, Basrah Bahrein,

"STAR ALCYONE”

Arrives Sailo

Aug. 25 from Singapore.

Aug. 26 for Naha,

Yokohama,

Nagoya,

&

Kobe,

Shinjlzu

Osako, ¿

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

EVERETT STEAMSHIP CORPORATION S/A Queen's Building, Telophone 31206. Chinese Department: Telephone 28293.

COTTON

MARKET STAGNANT

New York, Aug. 20. Culton futures trading today proved to be the slowest for any session in seven years.

within 2 After see-cawing

the 1st range, seven-point closed net two to seven points higher.

two The

market opened up to off two points.

New Orleans closed up Mirce to Ave points.

The Rubber Markets

London, Aug. 20. The rubber market was' firm but quiet. Prices closed

follows:--

No. 1 RSS spot Settlement

25

105-1096 104-1033

flusiners

10-1914 General market el. basis

1931-1914 No. I nss Estate crepe Aug. thick unquoted Extate crepe Aug. thin 2016

-United Preta.

NEW YORK MARKET

New York, Aug. 20. Rubber futures closed 20 to 36 points lower with sales of 21 contracts. Most of the business

dealers switching uporations on an even basis between Septem- ber and later positions.

Traders doubted whether the -volume equalled Wednesday's in futures represented Intra-

47,500 bales, the smallest for any dull session since Aug. 3. 1940 when transactions tolalled 45.300 bales.

Traders all sides the action

Fair netivity developed in the. remained aloof on spot market in the foresoon, while they watched but afterwards quietude was in securities along witnessed with the holiday in. with fluctuations in grains and the Far East curbing the supply new Incentives of slipments offered. awaited

Nows generally. Crop news was con-

that the Government sidered mostly favourable with will down the largest of

to look for traders beginning

its

rubber plants on Government September 10 was an apparent ward to the next

market Influence. Dealers decision quoted No. 1 RSS at 234 cents not to allow a subsidy on 1953 per pound. Futures prices closed cotton experts received a mixed as follows! interpretation. To some it

cstimate in

Tho

was

disappointing. Others thought September

December

that foreign consumers, who have been holding off en now purchases. might come into the July

23.00 bid

23.04

23.00 bi

20.30 bid

March (1964)

May

23,55 nom. 21.80 nom.

United PrOLE,

market now that the question September

has been decided.

The Commodity Credit Cor-

poration reported entries into

the 1933 loan programme for the London Foreign

week ended Aug. 14 totalled

0,949 bales. The net stock of Joor cotton in

Government

hands was reported at 1,733,002 bales-United Press.

Exchange Rates

New York

Exchange

Montreal AmsterdamA Beula

Bustries was done in the local Zurich

unofficial excharire

STIREK

this | Copenhagen

morning at the following rates

Pari***

V.9. dollar (paq 41)

Sterling noter_(per" #1)

15.04

Lisbon ...

Indonesiane guidors (per 100)

21.00

Deutsche Maric

Stem Kreis per 100)

1.70

Flocked Mark

Singapore (Beralka)

Others

wane

Indo-China: plastros: (per 100

Taba.

Press.

London, Aur. 20,

2.7711-2.78

10.674, -10.877. 140.05-140.16

10.981-10.00 1737123744

00115-002

*14, 1544-34,481

73) 85-89.10 11591-11.0934

740-

unatuan.ged, "United

Of American Workers

Dollar Spending Alarm

London, Aug. 20.

British industry 'could not rest, said Mr T. G. Robinson, the president, at a quarterly meeting of the Glasgow Chamber of Commerce, until output per man reached more closely to parity with that of the United States.

Controllers of businesses had been playing their part; far-sighted labour had been playing theirs; it was not too much to ask that all represen-

Deficits

Notable Development In Europe

Geneva, Aug. 20. The UN Economic. Com- mission for Europe in its quarterly economic bulletin Western Europe in the field published here said that in of trade and payments "the was the virtual extinction, without taking account of Státes aid, of Europe's dollar deficit on current account."