JAVA-CHINA-JAPAN LIJN N.V.
King's Building, Connaught Road,
Tel: Shipping Dept. 28010. I-assage Dept, 28017. Chines Agents, Connaught Rond, . No. 82, Tol, 20188.
Hhip
4. "TJISADANE"
1. "THBADAK"
Akip
18. "EJITJALENGKA“
der from Macaenar/Buurabaya/ Bemarer/Batavia,
22 May.
Kabe/Manila/Amer.
24th May.
don from
Java porta, na or about 10th June,
Ballinr f
Amor Bhatkal
24th May.
Singapore, atavis, Dematau, Butrabayn, Marniaky, 25th May.
Big for Amy & hanglæt, an or abuul 12th June
ROYAL PACKET NAVIGATION CO., LTD. (ORIENT JAVA AFRICA LINE).
m.8. "TEGELBERG”
day from
Bhanehal 24th May.
miling for
Landine for Ranth Alries and Bautis
Amet jen 24th
(DELI-STRAITS-CHINA LINE)
Ruly
1994 "YAN HEUTS
Ship
.. JIBADAR"
Ship
m.s. "ROPERIDGE"
Any Swatow,
Halling for
Bingapore, Penang Belawan Bell
true from
In May,
zu May.
4ur Iram
Marlin & A07.
With May.
Halling for Ilusenpore, Intavia, Bemarang, Bowralaya, Macnaur, 26th May,
SILVER LINE LTD.
die frem
New York, R. Francisco Vancouver, un be
All Bed June
Balling for
Tenens, Singapore, U.S. Allante parts via Buck,
HOLLAND-EAST ASIA LINE
Hhip
8.9. "LORENTZ"
Inn fram
Angl
260) Huy
Suitable range tanks for bulk oil.
"SEMON STEVIN"
Ниторе
rpu May
Loading for Manila/Bingapore/
Colombo/Hurs/Port Dald/ Cenon/Maren/ Antwern/Bullerdam/ Amsterdam/Hambura/ Copenhagen Gothen
kurt 26th May.
Londling for Merlin/logspace/ Colombo Barz/Port Bald Getion/Maravilles! Antwerp, Buttendris/ Amulardan Bumbunt/
Copenhagen/inthen- burg/Tales.
Mil June.
THE EAST ASIATIC CO., LTD.
of Copenhagen
M.S. "MANCHURIA"
Now loading for
ADEN, PORT SAID. GENOA, ANTWERP,
ROTTERDAM, COPENHAGEN, GOTHENBURG & OSLO
Tunks available suitable for the carriage of uit in bulk.
For further particulars apply to: THE EAST ASIATIC CO., LTD. Queen's Bldg., 2nd floor.
Tel. 34111 & 34112.
Peninsular & Oriental S. N. Co.
SHIP
"TREVELYAN"
"DUNERA"
"TREVETHOE"
"EMPRESS OF
SCOTLAND"
"TREVAYLOR"
ARRIVALS
FROM
U.K. Genoa, Bombay, Colombo & Straits
U.K., Colombo
& Straits
1.K., Genus, Bombay. Colombo
& Straite
U.K. & Straits
U.K., Genoa, Bombay, Colombo
& Straita
SAILINGS
TO
•
DUE
26th May
4th June
June
23rd June
July
THE CHINA MAIL, MONDAY, MAY 19,. 1047.,
STOCKS IN THE DOLDRUMS
N.Y. Stock Market
New York, May 17.
A few inchet lendern tende a fechta market try for 'recovery on the stock
although Many les Fontinued their retreat t new lows for the fanxer.
The fine lackened after en citie mening but drelines of fractions to
1 point or more held a wide majority DMT
Bral hour.
were
For Tirte
moviest Advanced
Com Aluminum, Cruchi Bleel, Robu mollated, Kalleon, Onkon Carbide, Texa Company and Warner Brothers.
Este furtaded 'All Chemben), Norfolk and Western, Dates Aircraft, 11.6. Gypaum, Lockheed, Glenn, Martin, Dow Chemient. Internationat Paper.
Sellon was attributed maluly to grow. +1: Appren
possible on. stantial lawhneen recenston Inter this yens. tejudmi (12
quinting fant.re Paketit deliriz V<? woge prier biens, Tobeer Jettefesion, tax režies and someten
Tairs,
Aver
Lack Of Interest
In Wall Street
New York, May 18. Reluctance of the Investing public to be tempted by the combination of current stock prices and high dividends is still one of Wall Street's most painful headaches.
common
Boycott Of Dutch Shipping
Batavin, May 17. -
AMERICAN PRESIDENT LINES.
REFRIGERATION-SPECIAL CARGO OIL TANKS-
CARGOCAIRE-SPECIE
SAILINGS
SAN FRANCISCO AND LOS ANGELES - VIA SHANGHAI, KOBĖ, YOKOHAMA &
HONOLULU
n
This very the
An extension of the Australia ss "General Melga""*
of Dutch watersiders boycott
SS "General Gordon" shipping, to worldwide
one cou'd only be to the disadvantage SS, "Marine Lynx"
Mr. Indonesian people, the Kupers, one of the representa-
Juno June.
13
21
July
112
PACIFIC COAST VIA MANILA
May
10
"
S8
NEW YORK AND BOSTON VIA SAN FRANCISCO AND LOS ANGELES Skidinore, Victory"
May
19
SS
Enne Victory"
Juna
"Rutland Victory"
"Willamette Victory"
July
August
NEW YORK AND HAVANA VIA MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAY, SUEZ AND MEDITERRANEAN PORTS 98 "President Polk" SS "Willis Vickery"
May
Juno
30 7
MANILA
Brokers complain that inves-; are gaugen tofthat belief. agnifies a tora
are ignoring scores of viewpoint
#locks which
element have favourable
in
lives of the joint Federation of SS. "President Grant" dropped in market price to a economie looking ginas.
Trade, Uniaus attending" thé In- point where the dividend re-
Danger Signs
donesian Trade Union Congress turn at the current rate is re-
Prices at all levels of the at Palang, sald today. Tho mar American latively attractive.
structure business
Mr. Kupers was commenting on ket for months has ignored are probably causing as much the statement of Mr. 11. T. Camp- good news with almost mono-
concern as anything else, many bell, the Indonesian Trade Com:55 tonous persistence.
will missioner, for Austraila, that the observers say, Industry Brilliant earnings statements, favourable labour
develop ments,
of prospects ther cuts; high production and Stocks 47.17: Industrials at: 1employment and record con- Bumer income have done little to encourage public demand for stocka.
Total transfers wete PH,000 les The Bow June Averoam
Roll 41.20:16 RIFLESen 37.68.
minutilem Alma Ext 13. Alaska Jnext
ARIL. 4. American
Americen Halting 454 American Telephone 155, American Tukser 54. American Water.
324. works 129. Averanda Copper
motive 174. Barondal 21%. Bendr Aslation 29, Bethickem Bteel 73, Borlest Co 4014. Cans- Alteraft 14%. Borden
Parifle
29. ... CA Chrysler 244, Colgate 174. Commercial Solvents 214. Corn Producla ca's. thupont 172. Eastman Kodak 44, Elm.
fur.
be squeezed between rising Australian Union was planning to coata for labour and materials extend the baycutt until-what he and declining anics because of called the Dutch blockade of R too high prices or buyer resist pubilean Indonesia was lifted
Other danger signs are acen in the relatively high propor- on of consumer income' which
ance.
the
Such a decision would increnss the flealties in Indonesin, Mr. Kubers said.
the
Juno
AMERICAN PRESIDENT LINES, LTD. St. George's Bldg.
An opinion was expressed that i Near Lowest
has been eaten up by retail the Australian plans for extun- Stock prices today are on the sales, the tremendous expansion of the boyent should be sub- SS "General Melge" Aviation Corporations. Haldwin Lucas average within shooting dis- sion inventories have undergone mitted to the World Federation
of Trade Unions. tance of the lowest gare since since
end of the war, a One of the delegates 10 March, 1945. The yield offer- startling increase in consumer Congress told 800 ather Indone ed by any given stock is based credit outstanding and slacken-sian delegates that Dutch troop on the market price relative to ing of consumer apving,
must leave Indonesia as soon as the dividend rate. A stock) Another explanation for the possible.
to buy A representative of the Nether- selling at $100 for instance and refund of the public
Trade of
Unions paying US$4.00 annually in stocka in found in the theory lands Union dividends would offer a yield that hundreds of small inves- warned the Congress against gen- timental decisions which might of four percent. That selling tors believe it desirable to lend to colonial war in Intonesia.
$50, paying the same maintain their financial affairs Sscialists in
pre- is as liquid a condition as possi-pence and operation
trie Light & Power 12, tieneral Electris 3. Komen Bitarn $2%, Goodrich Elise Mirint 4%, Internatiugal Hars
All Amalyanr 45%, Greyhound 27,
venter 19, 19ternational Paper 1912. The seration) Thi Tel 9. John Mat
KOREOTY
1
with 169, Kenrott Dapper 41, Mant- US$4.00 dividend would
Word 19%, National D'siliers
vide an eight per cent yiekt. Natural Lend 2614, New York
General Motors common Cendent 12, Parkaeda Mature 8. Pan
stock now in selling at about $56.00. A total of $3.50 a share in dividends will be paid this year, according to an ess timate by a Stock
Exchange firm.
Anerhan Airwara DTS. Peonylvania 2 1 Radio Corpstration 3%, Real Bik 9. Repulite Sied 29, Reynolds Tobae * 34%, Belineley 2314, Sears Roebuck 21. do 10%. Horny Vacuum 14%. Sothern Pacile 365 Handard Hranicke 2. Anndurð Oll of Cal, 531⁄4. Sta and of N, J., Must-bøker 10%, Bukan Dave 26. Valon Carlile 95, 1 Butiboere 43, 15.8, Meel 63%, 0.8, Lim 1 Westrop Prestamen 2216. Youngstown He&tu 24%. Anelated rese.
BOMBAY SILVER
& GOLD
Bombay, Mar 17. Siver, Rendr. per 100 tolas 162 Rup998, settlement) 04 Forward (May
anustel, Gold, Deilvery, her Calle 100,
UN, Forwan May ngoted; Savereign, ench anquoted; Bilver, New Bottlement iamfletalj ongstoked.--İletiler,
ALEXANDRIA BULLION
General Motorá common stock at the 1947 high price of around US$66 had indicated al
vield on the same basis of 3.5
per cent.
ble.-Associated Press,
Hotland
wanted!
again in
Indonesia-Reator.
Towards Economic Stability
Washington, May 18. Secretary of State George C. Marshall today urg
ed agreement on a charter for the proposed international trade organisation as a "greut step toward economic stability and the coni- mon security."
Tel. Nos. 28172/28175
1
Pacific Far East Line, hus.
*a.s. "DREW
TRANS PACIFIC SAILINGS To San Francisco & Los Angeles
-SPECIAL CARGO OIL TANKS
Dite
Sails
VICTORY"
May 13
31
June
May 10
31 June 4
,, 13
June 14
Direct
#. "CONTEST" 3.8, "MIDNIGHT” 1.8. "PLYING
DRAGON"
"Accepts cargo for Saigon.
via Saigon & Yokohama direct
Via okohama
American Pioneer Line
Duo
No Buying Rush Kennecolt Copper Corp. now
Arrivals from New York, Boston, priced around US$44.00 a share
Other Atlantic Ports vla Panama will pay US$3.80 cents this year
1.8. "RESOLUTE" in dividends. That would yield "Economic conflict and trade for the projected world trade 88. "COURSER" about 8.7 per cent. At its wars," Marshall said, "invari- organisation. Marshall said suz-.ss. "AMERICAN FLYER" 1947 high of US$62.50 centa ́ably got the stage for political cens would depend apon co- the indicated yield was around
operation of all the 18 trading 7.4 per cent.
nations represented.
The list of stocks which have declined in price and for which the indicated yield has gone up in recent months would take in Alexandria, May 17,
almost every insure traded, Yet Cold, her "rem" 114 plastron, Beyption and 4th, Sovereign 480, Tur- there has been na rush to buy
luh pound 230.
350, Duttar any issue with a promise Napoleon
of talece dle Cinu) 450, Silver (pipotres) such return,
er Kilantro x60,--Renter.
ZURICH FOREIGN
The answer lies in the word "promise." Investors apparent ly do not believe industry will be able to maintain high divi- dend rates. Lower stock prices
disunity."
Marshall's statement was for the opening of World Trade Week. He termed its keynote, "Work Trade and the United Nations," particularly appro- priute for a time when the need for unity among the peo- ples is more vital than
ever before in history."
Although the United States took the lead in bringing about the current international effort at Geneva to lower trade bar- rlers and agree on a final draft
Talks Started
May 20th 20th
June 9th.
Sailings to New York, Boston, Other Atlantic Ports via Panama Canal-
-SPÉCIAL CARGO OIL TANKS —
The State Department simul- taneously published a report sa. "RESOLUTE" from Geneva which said the 8.4. "COURSER" United States had opened nexo- tlations with 10 of the 15 coun- tries with which trade talks, were originally scheduled.
88. "AMERICAN FLYER"
By the end of Blay it expects 100 separate negotiations to be in progress between pairs of
represented Geneva.-Associated Press.
Geneva Talks
countries EXCHANGES
Zurich May 17. Zurich an London 17.15, New York 430, l'aria 3.02. [truela 9.87 12. Amsterdam 142,50, Lisbon 14.63, luen Alves 105.00, Stockholm 110.2. Madril 30.75.--Houter.
MEXICAN
EXCHANGE RATES
Mexico City, May 17.
T. T. Maker City ou Londen Hayers
1,956, Bellera 1,000: New York 445,, (801) Paris 425: Zurich 115: Hongkong 1286;) Bumbay unqual-d.-Iteuter,
ARGENTINE GOLD
Buenos Aires, May 17. Suverelen, bugets $7.80, eller 65.6: U.. $20 Engie, buyerA 113.00, Mežek• 112.56: Gold, Bar, Gramme, buyers 6.25. sellern Ban-Beuler,
READY
U.K.
26th May'
13
Strálta & U.K.
End May
· Straits. & U.K.
Juna
16
SHIP
"DILWARA"
(Passengers only)
"SAMSOARING" "TREVELYAN"
British India S. N. Co., Ltd.
SHIP-
ARRIVALS
FROM
DUE
[[22]
23rd May
"EMPIRE NIGHTINGAĻE” Jangoon
Eastern & Australian S. S. Co., Ltd.
ARRIVALS
SHIP
FROM
DUE
EMPIRE ATHELSTAN”, "EASTERN".
Sydney, & Brisbang Australia & Manisa SAILINGS
Discharging End May
SHIP
"NELLORE!-
*EASTERN"
READY
Australia via Sandakan - 2nd June YÖRRACH
Early June (Japan)
MACKINNON, M.
KENZIE & CO.
Teleph
Britain Seeking A New Loan
Harvey
London, May 17.
Soils
May 23rd
19
H
May 27th June 11th
For Full Particulars Call
UNITED STATES LINES CO.
General Agents
at
314, Queen's Building.
ad-
Geneva, May 17. Fifty-five. British and Com- nonwealth delegates and viners for the past 11 days have "hed their own" dally discussions on the draft · charter of the proposed International Trade organisation, before it is taken
Tel. 31251 (3 lines)
The SWEDISH EAST ASIATIC Co., Ltd.
OUTWARDS TO SHANGHAI
In Port
up again by the United Nations 3.V. MANGALORE Trade and Employment Pro.
HOMEWARDS TO EUROPE, paratory Committee.
Sir Harold Wilson, British M.V. HAINAN
loading Hong Kong early June Secretary for Overseas Trade,
Tanks available suitable for the carriage of oil in buik. LOADING FOR
Air Commodore A. V. Harvey, Conservative M.P., said in a speech at Suddon last night that he had heard that the Government already has named delegates to go to the United States in the late autumn to seek a new loan. "That Is not just House of Washington may make us a has presided over thego, talka Commons gossip,"
gift. If not it seems that what since his arrival' In Geneva last unid.
the Treasury have in mind is] Tuesday.—Reuter, .............. a new loan for about 41,000,-| 000,000-this time without any
Geneva, May 18. strings and at a lower rate of William L. Clayton, Unked interest than the current loan. States Under Secretary of State, "It would be repaid over 60 sold on the eve of his departure years, the first instalment when for Washington that he was very the present loan has been paid satisfied with the way the trade off in 2001. Washington is be-negotiations are going on."Ąžu Ileved to have hinted that Ame-sociated Press.
The Evening Standard anld,
A BRITISH CROSS WORD PUZZLE
Clues Acróst 1. Strain: 10. Change 7. Enthusiasm, position." 9. Binding 19. Transistor. ponatrip, do 12. Trampled. 10. Dosled with 24. Oil-pro- ty, bxpectation," facing frúlti
11. Past
26. Accustom. 13. Performed · 20. Cujah!*
"schedule" often advance. Artworks. 27. Exciting
10. Nant
Saturday's Crossword
7
18
10
!!
[12
2
rica is willing to help us out
of our difficulties."
Britain "Already has with-
drawn $1,750,000,000 of the
$3,376,000,000. dollar
granted låst July.
foan
Very Satisfied
COLOMBO TRAM STRIKE
Colombo, May 18.. The city's tramway system
The loan originally, was eal was paralyzed today by a strike culated to last until Dec. 31 of 4,500 munleipat workers; 1961-when repayment is to who demanded a 50 percent
PORT SAID, GENOA, MARSEILLES, ANTWERP ROTTERDAM, COPENHAGEN, OSLO AND GOTHENBURG. For further particulars apply. tai-
GILMAN & CO., LTD.
Agents, Telephone-31140.
KLAVENESS LINE
Direct to LOS ANGELES, SAN FRANCISCO, PORTLAND, VANCOUVER & SEATTLE. SAILINGS
begin but at the present rate wage increase, better housing m.s. CASTLEVILLE of expenditure it will be ox- and the appointnient of a wel-ma. GRANVILLE hadsted sometime in the latter fare, officer.
half of 1948.
The strike of 4,000 clerical, Political and financial quar-workers
me. GRANVILLE and Inbourers of ters have blamed soaring prices Colombo, Kandy and Galle con
MAR 000,000,000 would have
Clues Down
2. Military UNIL
en de Barang
18. Blopes,
B. Kõen, 19, Berid, :
4. Touching ex- 14. Revising..
tab) lahmout.. 17 Flower,
·B. Näwäpäpar 18. Fault,
mah.
20. Former
21. Peer.
through
23. Apartment.
In the United States for the
tinued Associated Press. larger than anticipated with- drawal. It had been thought at the time of ratification of
CHICAGO GRAINS 'the agreement that only $1,-|
Chicago, May, 17. boen Grains moved ahead in a stron spent by this June 30. The and active market aided by figure probably will be closer to favourable weather for seedling $1,950,000,000.
feed graffis" and reports that- Ulici With most economic expertes intensifying. Wheat cloned
drought in Southeastern Eurona agreed that Britain cannot ex-lower to 8 higher.. pect to bugin.to pay her own. May $2,69%-270, July 2.29- way again for another two 2,294, September 2.10%-2.23. years, another loan appeared to Corn 23 to 4 cents lilgher, Däts be the only alternative to dis-'1' to '.1% higher-Associated noter United, Proup,
N.Y. COTTON
New York, May 17, Cotton futures rallied into now Mgch Fround for the day at the Lipsa on a flurry of mill buying 91: End1928. Odebri 34. Notion; which made a scarcity of offerings.
25. Cruder 20 Finyod
Ordgaly
Press,
SHIP MOVEMENTS
Ban Fráfieldco, Díny (18.) Sitip movements: Tho Augut, tino Daly, arrived from Batanga
Associated Press. pla
Mom ALL T
100 Total 1.81
oral france,
and clored at 89: coats to $1.00
·1-U.8. Dollar (Dunktetés) (19.80 brunetas) Remember De- bale hiyo
UE. Dla (Remli) 10.03;22) Tina). Dizainsetiver: d. rauly 230,39.98 October: 2937-49. | Starifna 7 (thedium):310,16,2%), Berku Faua;* 12-moribunds | December 88,30-40j karshil 28.07, ([hanknoted); High, 1. Bovaryben: 147.90,111
Frunzel 14600, Middling | San Franskak, 19. Monde - 123/09 -
ARRIVALS
PASSENGER ACCOMMODATION.
Chinese Fraight. Agents. HOO FOOK PING
THE BANK LINË (China) Ltd.
SAILING 3rd JUNE
SAILING 6th JULY ·
DUE 1st JUNE
BULK OIL TANKS.
Apply
THE BANK LINE ''(CHINA) `LTD.
King's Bullding. Tel. 27792-
DOUGLAS STEAMSHIP CO., LTD.
2.S. “HAIYANG
Sails for Swatow
on or about 20th May Subject to alteration wollious Notice,
For Particulars of Freight & Passage, Please apply
DOUGLAS LAPRAIK & CO,
"Ciengras stanagers.
P. & 0. Building, 6th floor. Tel. No. 11281
CHINESE SHIPPING DEPT.
20 Connaught Road, Conszalt «TaNDO RIOUS