THE CHINA MAIL MONDAY, OCTOBER 28, 1946.
D ELA RAMA LINES Nanking Speed-Up Of N.Y. Stock JARDINE, MATHESON & CO., LTD
Chinese Exports
EXPRESS CARGO LINER SERVICES TO-AND FROM PACIFIC & ATLANTIC COASTS
VESSEL
DUE
SAILING FOR S.S HALEAKALA 30th Qet. Manila (Cargo only). M.W. DONA
ANICETA M.V. BENGAL
M.V. BALI
Late Nov. Early Dec. January
Pacife & Atlantic Coasts. Pacific Coast. Pacific & Atlantic Coasts.
THE DE LA RAMA STEAMSHIP CO. INC.
Pedder Building
TEL: 23676
Chinese Shipping Office
Tel. $3738/20153
BUTTERFIELD
& SWIRE,
1, CONNAUGHT ROAD CENTRAL Telephones: 80831-8 Private Exchange.
New Russian Process
London, Oct. 27.
The Soviet news agency Tax said today Russian scientists have invented a new blast furnace for btaining steel directly from fron ore, eliminating the intermediate. processes.
The importance of this inven tion can hardly be overestimat-
(By John Roderick)
Nanking, Oct. 27.
In an effort to overcome the stagnation of the out- ward flow of Chinese products, the Govern- ment has ordered the Central Trust to buy up the nation's silk crop and is considering the some action with other principal exports such as tung oil, tea and bristles.
M
said Minister of Economic Affairs Wang Yun-wu in an interview with the Associated Press, amounts to subsidy of these important items since the Government is buying at cost ed," Tass quoted the director of and selling abroad at less than cost prices, the Soviet iron and steel plants designing committee 18 com- The silk crop, which is but a Government also expects the menting. "The process of smelt-fraction of the prewar size, copies majority of factories lost to the ing cast iron and then steel from to slightly more than 1,000 picats Japanese will be returned to their are takes place successively and (one picul equals 133 pounds.) rightful owners. All improve incessantly in the new furnace by High cost of living, disrupted ments made by the Japanese will means of an automatic shooting transportation and soaring labour be said to the owner on a no-in- of the molten mass from a cham-costs three of the main deter-terest two-year payment plan. Agents: CHINA NAVIGATION CO., LTD. with ore smelting into on-rents to Chinese economic re-Associated Press.
other chamber.
covery-caused silk merchants in "The remarkable advantage of Kiangsu and Chekiang provinces. this furnace is that it requires to hestitate to develop their in-. 10 coke and can work on an-dustry, Low-priced markets thracite or even soft cool."--As-abroad further discouraged ex- sociated Press. "
ports. The Government bad to take action. Ten also is a loser and tung oll slightly better. Only bristles big expart item be fore the war is holding its own.
NANYANG"
"POYANG"
"HUPEH”
"RUPEH"
ጓና-
"NEWCHWANG"
"FATSHAN"
SAILINGS TO
Shanghai 4 pm. 29th Oct. Shanghai 4 pm. 31st Oct. Shanghai, Tsingtar & Tientsin 4 pm, 5th Nov.
ARRIVALS FROM
... Tientsin, Tsingtao & Foochow 2nd Nov. Singapore 3rd Nov.
CANTON BIVER LINE
Sails 11 am. 28th Oct. Arrives 1 pm. 31st Oct.
Agents:. BLUE FUNNEL LINE
"GLENAFT"
"SINKLANG"
"GLAUCUS"
U. H. SERVICE
Arriving
Early Nov.
Mid Nov.
NEW YORK SERVICE
Arriving
Oth.Nov.
Agents:
U.N.O. Discusses Trade
London, Oct. 277.
Д
in
In its further
New York Exchanges
Market
New York, Oct. 20. Sehttered stock market favour ites made modest further pro- gress although numerous leadera continued the lower drift in the slowest Saturday session the past two years.
Customers generally held to
the cautious aide, brokers said, be- cause of
apprehension over grow- ing labour disputes.
Advancers Included United Air-
SHIPPING DEPARTMENT
16 Pedder Street
Tal, 30311.
General Managers.
INDO-CHINA S N. CO., LTD.
craft and Texas Company. Among 5.S. "KWAISANG” the laggards were Allied Chemi-[3.5. "KUTSANG" cal and Great Northern.
[8.5. “WOSANG" Transfers were around 200,000 S.S. "ESANG" shares.
ï The Dow Jones averages: Stocks $1.39, 20 Industrials
168.44, 16 Rails 47.80, 10 Utilities S.S. "ESANG" 34.07.
Closing quotations:
Adams Express 15, Alaska
an
Juneau 6 American Can 81%, 5.5. EMPIRE FRASER" American Telephone 170% Ameri S.S. KUTSANG)
Tobacco 81; Waterworks 14, Anaconda Cop-
American SS. KWAISANG" per 36 Aviation Corporation Baldwin Locomotive 19%, Barnsdall 23,
Bendix Aviation Bethlehem Steel 94. Bocing Aircraft 22 Canadian Pacific
30
SAILINGS
to Sandakan 20th Oct. to Straits & Calculta 31st Oct. to Bangkok 2nd Nov,
to Straits & Calcutta via Saigon 4th Nov. ARRIVALS
from Straits 1st Nov.
IN PORT
Cosmo Dock. Kowloon Dock. Bitoy B.5.
Subject to alteration without notice.
Agents: GLIN LINE LTD.
1. Cnae 351, Chrysler 79 All intending Passengers are requested to register their names as Colante
48 Commercial Solvents far as possible in advance of the time at which they wish to leave 21 Dupont 170, Eastman Kodak 208. Electric Light & Power 154,1 General Electric 36 General Motors 50 Goodrich 69, Good- New York, Oct, 26.
year BR Homestake Mining American A/C Sterling 4.03-30%. International Harvester 70 LV. DENBIGHSHIRE 1/16, 4.83-3/16," American A/C International Paper
IV. GLENSTRAE" 44 Inter Sterling 3 Months 4.03-3/16, 4.03 national Tel & Tel
IG 6/10,"On Sweden 27.32, 27.84 cott Copper 45%, Montgothery
Keline M.V Franco 84, 84%, Switzerland
23. National Lead 29, New York
Airways
20%
due from UK. 1st Nov. Talkoo Dock. Louds for UK, Rotterdam Ant- werp Amsterdam-Mid Nov.
Managing Agents: AUSTRALIA CHINA LINE
Jap Industries Executive Secretary Wyndham stability to the economie picture, Free) 24.56, 24.50, Spain 9.20, Central 153, Packard Motors O
effort to bring all 24.00, 21.36, Switz Ward 66%, National Distillera White said today that the United the Government plans to transfer Portugal 164b, 4.004, Australia Pan-American Nations sponsored International Trade and Employinent Preparato, private ownership all Japan- 3.23. New Zealand 3.26, South Pennsylvania RR 26% Radio Cor tary Commission had reached
ese industries with the exceptian Africa 4.02, British East Africa Republic Steel 20%, Scien- "broad area of agreement"
O Reynolds of heavy industry whose wide 20.25, India 30.29, China unquoted,
Teleco committee discussions during the scale requires Government man- Argentine (Official) 29.78, Argenley 61, Sears Ronbuck $74, V. NEWBROUGH past eight days. The Commissionngement. This latter would in- tine (Free) 24.60 offered, Brazil Shell O 31% Socony Vacuum is attempting to draft the agenda de textiles such as National 6.45, Bolivia (Oficial) 2,00, Boli- 18%, Southern Pacifle 435, Stan- for its International Trade Con-
(Free) 2.38. Chile (Oficial durt Branda 39, Standard Off of
(Free) $.25. Chile
Cuba 68 Studebaker 20. Union Bug Ecuador 7.com.
Guatemala 274, U.S. Rubber 67, US, Steel Holland 37.78, Mexico 20.57, 70%, Westinghouse 224, Youngs 20.61, Peru 15.50 offered. Uruguay town Sheet & Tube 64.Asso- 66.00, 56.60 Venecuela 29.00, cinted Press, Netherland West Indies 5105, Dutch Gulana 53.35, Montreal on London 4.02, Mantreal on
Textile Corporation haklings via Chile
ference in the United States neg: [which will be transferred gra- 100. Colombin 5008 Calif, 56, Standard Oil of NJ.
Fram
yetur.
UK. via Straits.
-do-
·From
New York.
AUSTRALIAN - ORIENTAL LINE, Ltd.
A
*YOCHOW"
Sailing
2nd Nov.
For
Sydney, Melbourne
All The Above Subiect To Alteration Without Notice. For Passage, and Freight Particulars Apply To The Above.
DOUGLAS STEAMSHIP CO., LTD.
S. S. "Haiyang" Sailing for Swatow & Amoy on or about 31st October."
Subject to alteration without Notice.
For Particulars of Freight & Passage. Please apply to: DOUGLAS LAPRAIK & CO.
General Managers.
P. & O. Building, 5th floor. Tel. 23755.
or
CHINESE SHIPPING DEPT. 20 Connaught Road, Central. Tel. 24639.
AMERICAN PRESIDENT LINES LTD,
Speed-Frequency---Dependability Exfrigeration Special Cargo Of Tanks Corpocatre SpezIS
SATIJNO
FOR
28th Oct. New York and Boston via San Francisco, Los Angoles and Panama
3.S. "CLOVIS VICTORY"
8.S. "MOUNT DAVIS"
8.B. "MOUNT ROGERS"
8.8. "VANDERBILT VICTORY
EL
30th Oct. New York and Boston via Singapore & Borz Early Nov. New York and Boston via Singapors & Suez. 26th Nov. New York & Boston, via San Francisco, Las, --Angeles and Panama
For Passage and Freight apply to:-----
AMERICAN PRESIDENT LINES LTD. -
George's Bldg.
The conference would seek formulate world accord on trade practices. White said that
dually within two years on a fac-1: tory-by-factory basis or by the sale of shares.
Now
The remainder of Jap indus in no one of the preliminary dis-ries to be converted-worth U.S.- cursions had any country 1-$500,000,000 in Shanghai nrea dicated that it favoured unilateral alone will be disposed of with action on trade agreements, but Preference to industrialists who York 06.535, Swiss Bank Notes all favoured working through an removed to Free China, during rite 30,00, 32.00. Belgium Franc international body. Associated the war-and-suffered losses us a 228, 2.284 —Router. Press.
casult The basis of acquisition, not unloaded after two públic. auctions, would be:
RUBBER POLICY STATEMENT
Payment Plan
1. Immediate payment with 20
Whisky, Sugar Held Up
Devaluing The Franc?
•
export.
due from Australia vin Labuan. Mid. Nov.
Agents: THE WESTERN CANADA
STEAMSHIPS LTD.
BS. LAKE NIPIGON'
due from Vancouver, Shanghal
Mid Noy.
PENINSULAR & ORIENTAL STEAM
NAVIGATION COMPANY
a montary reason "GLENIFFER" "
London, Oct 25, Responsible London
quarters do not altogether deride Paris) report that British trade duarters during the present "Angio-French London, Oct: 25.
economic talks have suggested de- valuation of the franc to promote The Board of Trade confirma Per cent discount. that Sir Stafford Cripps will not.
2. Installment payments with--
New York, Oct 25. trade between the two countries. Ship : Floating an .strike-bound The main reason for the picREVETHOF" make a statement on the Gov-out any discount; crament's rubber
3. Two-year lease at 10 per waters of eastern harbours are sent unbalance of trade is the policy today. It is expected, how the provision that the lease must chees of Scotch and champagnes the
celed, a cent of the assessed value with tons of flute, thousands shortage of french salts "BENALDER"
"SAMLAMU" ever, that a statement will be be purchased at expiration.....
of maay French made within a fortnight.
tons of rubber, cocón and offerings, and this would, of “SAMADANG". The statement was postponed on the block in the first batch and burlap and countless items that tion of the fnc.
In Shanghai 40 factories are coffee, thousands of bales of course, be alleviated by devalua- "TREVAYLOR" because the necessary inter-de- 100 in the second batch. partmental details have not been completed in time. A question on
By the end of the month the rubber is to be asked in the House of Commone on Monday: when the new date of the an nouncement my possibly be in- dicated, Reuter,
SCRAP CONTROL
Washington, Oct. 26.
Company Reports
.consumers want.
were authorised to make.
"TREVEAN"
Ship
AMLAMU" TREVETHOE"*
From
Bombay
Bombay via Kuro
U. K.
U. K.
Loads For
Straits, & Bombay
Straits & UK..
End.
Due
End October Early November Mid November Mid Novembe
Noveraber December
Ready
Early Nove
*Accepts cargo for London, Antwerp & Rotterdam.
High British financial quarters BRITISH INDIA STEAM NAVIGATION CO., LID
SHIP
doubt whether France will ac- cept the suggestion. Devaluation by itself. unless coupled with, many other drastic measures, would, it is thought, make things "BINFIELD" worse rather than better-Ren- "PASHA"
On all previous devaluations, As the U.S. maritime tie-up however, prices in France have neared the end of its fourth promptly risen to a faily corres- week, 246 ships were reported ending extent and if this were York Harbour repeated, the alleviation would be idle in New
only nione.
temporary. It is known at any rate that Sugar was the most con devaluation is one of the sugges spicuously absent item on gro-tions which British negotiators: cora' shelves. Sugar brokers 9 New York, Oct 27.
timated that perhaps 100,000,- The Quaker State Oil Refining 000 lb of raw sugar are held Commerce Secretary Harri-Corporation reported
anine up in New York hartour by man said that exports of serap months profit of $1,841,577, equal the atrike-Associated Press. iron and steel are being held to: to $2.09 a share compared with a minimum amounting to only $1.03 for the same period in 1945. 29,522 tons in the first seven The Texas Gulf Sulphur re months of this year, due to the ported third quarter earnings of "extreme scarcity."
$4,248,888, equal to $1.11 a share He said the office of Inter- compared to 70 cents a share for range Saturday and trading was national trade was executing a the same period of 1945, Ameri-on-a reduced level. control so rigorous that only con Bank Note reported a nine Corn was under moderate pres- | small quantities of such scrap" months profit of $1,548,487, equal sure most of the session, reflect- were licensed for abread.
shipment to $2,08 a share, compared to 90ing fairly liberal arrivals in cara
cents a share for the correspond country.
and expansion of offerings by the Canada is not included in the ing 1945 period. scrap export control-Associat Mountain Steel Castings Cor- Wheat closed unchanged to one ed Press.
poration reported a nine monthscent higher, January $2,02, profit of $1,864,388, equal to
March. #1.33%, May $107.
ed to $10.48 the same period of $18.64 a preferred share compar. Opts lower to one cent high-
Carn lower to higher. er-Associated Press.
WOOL SHORTAGE
CHICAGO GRAINS Chicago, Oct. 25. Grains moved within'a narrow
GOLD RUSH
ter.
SWEETER THAN SUGAR
FROM
Rad goou Calcutta
LOADS FOR
SHIP
"RINFIELD"
Straits, Madras, Calcutta, 6th
DURS
October
Chicago, Oct. 28. EASTERN & AUSTRALIAN STEAMSHIP CO., LTD,
A new substitute four thou
as case and times as sweet sugar is being manufactured in the Netherlands, Its 'inventor,
of Pre fessor Pieter Verkade Doft Technical University r0- vealed today.
He said the product, a coal tar derivative called 1 N pro- poxy 2 amine 4 nitrobenzene, is "by far” the sweetest known to
New York, Oct. 26. 1945. The American Wool Council The Mountain States Tele- said textile manufacturers in the phone and Telegraph reported a United States are threatened profit for the year ended Sept. 30 with an acute shortage of fine of $3,084,712, equal to $7.90 a wools in 1947, despite a world share compared to $742 the pre-ed by Central News from strength of sacharine. surplus on apparel wools. vious period-Associated Pres
The entirely, unexpected
to the increasing independence
of the American public on for. eign sources of supply.
United States" production de-
TRADE
Nanking, Oct. 25.
A minor gold rush is report-man with 10 to 20 times the
Hwallenkong, on the eastern
demtion of hordes of Formosan treasure hunters coming from all parts of the island in n attempt to get rich quick,
He predicted for reaching critical situation is attributed FRANCO-AUSTRIAN cold dust is attracting the at- and beverage Industries. As
coast of Formosa, where fine economies In the food. candy
Eociated Press,
BOMBAY SILVER & GOLD
Bombay, Oct. 20.
Eunces AnnaS
168 12 Silver. Bendy Silver, Forward 161: Gold Delivery
99 12 14 Gold Forward Sovereigns
69 04 Peuter
Paris, Oct. 28. Erphee will resume economic clined from 475.000.000 pounds reintions with Austria next in 1942 to 287.000,000 Litis year.month if the agreement signed -Associated Press.
today by French and Austrian delegates is approved by the respective Governments,
ITALIAN SHIPS
Washington, Oct. 20, Italian crews are expected to arrive in the United States next
The agreement was signed by 3. Sceman for Austria and Jean Daquan for France.
Details of the agreement hove
Tel. No. 13172/281Jmonth to man to slups being pur- not yet been revealed. Reuler,
S.S, “ QUANZA"
of the Companhia Nacional de Navegação (Portugal).
saling beginning November
from-Hong Kong to Lisbon
Via Ports
Accepts Cargo, And Passer
information apply to:
H. NOLASCO & CO., LTD.,
Exchange Building, 8th floor.
20164, 20131.
chased here by the Italian Goy-
ernment for a total of 327,250,000. COMMODITIES UP United States Maritime Commis
New York, Olt, 27. alon officials disclosed,
The Associated Press compoalto
Central News quoted experts as saying that the deposits night easily yield 240 tona of pure gold-Associated, Press.
New York, Oct. 20. The Texas Company reported for the nine months ended Sept 30 a net income of $50,800,000,0 eopal to $4,48a shere compared with 30,028,000 and 3.47 in 1945.
Associated Press.
Alexandria, Oct, 20.
Reuter. Gold, per fine ounce 171
It is understood that the Itallen for 38 wholesale commodity prices Plastres Government will pay one quar-stood at 156.84 on Saturday show ter of the purchase price on de-ing an increase for the seventi livery and the balance, bearing consecutive week.
three and a half per cent interest, This compared with 162.01 in annual installmentsReuter. week ago and 111.17 a year ago,
Food at −154/76, and livestock at 225.02 attained new hight. ****Industrials declined and grains and cotton advanced Associated
TEXTILE MARKET
New York, Oct. 25,- Business in the cotton toxic Press. manketadiet following the huge volpine earlier in the week.
Trading in woollen goods
front of
The Shell Union Oil Company small with large lines for Spring reported a third quart delivery already alibited. -
Shortage of aying hopp is de 391,000, equal to velovlar and hosiery salesman are share compared bredicting bare shelves before same quart Christmas-Associated Press, ed Press.
Santa Monica, Cali£, Oct. 27. The Doughs Alreraft company announced an additional $2.50 a share dividend to be paid Nov, 21 for record shareholders of Nov. 8.
Associated Press.
FOR ALL CLASSES OF INSURANCE
Consult
BUTTERFIELD & SWIRE
Insurance Department
No. 1, Connaught Road, Central Telephone No. 30331 Ext. 31
Passengers & Freight to Australia
For full particulars apply to MACKINNON, MACKENZIE
Telephone Nos. 27721-4.
PRINCE LINE
-USA-FAR EAST-HALIFAX—BOSTON÷NEW YORK
S.S. "SAMMEX”........Arrd. from U.S.A. & Shanghal Buoy A2..
Joads for New York & Atlantic Coast Ports: M.V. "SCOTTISH PRINCE":TRU
29-7 MED NOY, JARDINE, MATHESON & CO., LTD,
Tel. 20811
Chinese Freight Agents CHEONG FAT CO,
Telephone 20037
SWEDISH EAST ASIATIC CO., LTD.
ME NAGARA M.V. BEN
HOLM
MY, B
MY NAGARA
OUTWARD
discharging #Hong Kong discharging Hong Kong discharging Hong Kong
discharging Hong Kong HOMEWARD BEK
loading Hong Kong 18th
Port Seld, Marseilles, Antwerp, Rotterd
Copenhagen, Oslo and Gothenburg
Also Genoa for inducement) For further priźć ulars, apply foc
GILMAN & CO., LTD.
Agents, Telephone 27871.