ק
THE CHINA MAIL, SATURDAY, JUNE 19, 1949.
ROYAL INTEROCEAN LINES
Incorporated in the Netherlands as
- KONINKLIJKE JAJA-CHINA-PAKETVAART LIJNEN NOV. AMSTERDAM A
JAVA-CHINA-JAPAN SERVICE
"TJIBADAK"
Arrivals from Amoy 21st June
**TJITJALENGKA” from Murassair
"TJISADANE"
& Java Ports 22ad June.
fan Macassar
de Javaports 4th July
Sallings
to Javaports
& Macassar,
23rd Jung
to Java Ports
& Mincassur
7th July.
to. Juvaports
A Marassar 21st July,
ASIA-AFRICA-SOUTIĮ, AMERICA SERVICE·
"TEGELBERG”
"RUYS"
'Arrivals
from
South America,
South Africa,
25th June
from
South Afrien South America
"STRAAT MALAKKA"
end July
fron
South Africa 15th August
Sallings
to Shanghai
& Japan...
28th June
to South Africa,
Sth America,
12th July.
to South Africa
South America
Mid August
to South Africa & South Amerten vla Mandia Strats & Batavau 24th Sept.
Translipment cargo on through Bs/L to Dar-Ex-Salaam,
Mombasa, Zanzibar accepted on all nailings, SUMATRA-MALAYA-CHINA SERVICE
"VAN HEUTSZ”
HEINRICH JESSEN"
Arrivals
Bailings
-St. part
to Straits &
B. Deli
from Amoy *
A Swałow
• 1700 đane
8th July
-to-sitralls
K
19 June
Agents: HOLLAND-EAST ASIA LINE
"MARIERERK"
“MOLENKERCH"
fest 481 122 latilk
Tanks Avantable
"MEEPKERK”
Arrivals
from Japan & Shanghai 49th June
from Europe. 24th June
End July
Sailings
to Europe vlon Straits
FINANCE
AND COMMERCE
BULK BUYING OF COTTON Government Policy Attacked In House Industry Founded "On Quicksands" Stock
London Stock Exchange
OTH
Landon,-Jun-17,
The triku rt London duch Workers antiplest with
uneasiness regspillet The troubled Malayan albumikan hænight zenewel duilares to the stuck market twiny.
was on
Bellites of industrial abazya vanit proje brut whenitent, Jam rouged from de to 17- ever A wids Hat
af stocks, Store where were pioularly dull with John Backer 2/4 Power at 90/6, Teds were Zentrally 1/32 lower. The ull market was aben in doldrums.
The elitevigrad T
树脂 Jeregular,
Those larues Dinllest with lowpes of 1/1
but subangjumitly showed some improve men on reinvestment, proceeds of anten]
in whes sections.
Kafira recatdes declines, Landun sel| fruz was followed by Johannesburg offer tnxe. Bireness Jaxstes improved. the Barma's Foreign Minister statement by
30 the effect that there
DIL
Bu switch
of Durmiše policy" toward-iturria: —
BECURITIES›
British Commits, 2łyta
| Conversion Loan, 3999, 1941,
Freeling Lawn, 46, 180/90
War Loan, %, INGE
war Loun,
7415
19544/10 TITL
3 Tá
104%
Victury Boards, 4%
114%
Kruh Transport, 34%
a
3th June,
INDUSTRIALS:
Portland Cement
71/9
Carreras Ltd, "A" url.
vin Straits,
14. & P. Cunts, ord.
01/714
patiblers Co., He,
20/%
26th July
Dunlop Rubber Cu, art
GP/G
| Ford Motor Go, and,
to Europe
End August
Transhipment cargo on through Its/I accepted to
Mediterranean and Northern European porta.
Agents: SILVER LINE LTD.
"SILVERBRIAR"
Arrivals
Imperial Choteal
impecial Tubsecon
Blacks & Spenser, ord.
|Standları Mufrate, urd,
Vickers Jij. ord.
| Woolworth "iP,W.) Co., ord,
-13/10
40/245
4773
0-16/34
$6/. 25/1/
19/3
MINK BHARES:
Bupora
Corp.
Crown Miam
7/ 136
Sallingo
Nundydroog Minos
12/11
from U.S.
to U.S.
Star
Mi
14
Aflantie Ports, Are June
You Shanghat Bath June
Sub Nuri
4%
1ton torperations.
200/-
DIL BHARES:
Augl-leanian Oll Co.
112/
Altura 4311
20/3
Hurt (HE
Ca
65/TV
Mexicu Parls On'Ce.
14/2
Trladdad Lenschuhl sltd.
Etugal floteh Ci
ZEM
-16/10
Venezuelan 4351
112/0
POREIGN BONDS:
German Loan
Bowen) 7%
5
Japane » 5%. 1907/47
Zu
Juoduise B. 1024/30
20
Office Address: King's Bunding, Phones: 28016 & 28017
DE LA RAMA LINES
4
EXPRESS CARGO LINER SERVICES
TO AND FROM PACIFIC & ATLANTIC COASTS
LOADING-DATES. IN U.S.A..
Atlantic Coast
Los Angelem
From
Atlantic Coast
Los Angeles
L
For
Atlantic Coas
TIA
Los Angeles
Atlantic Coast via }
San Franeisen
-&-Los-Angeles)
Balc
Early, July Late July
ARRIVALS
·Date-·
To port
Alisi, July
Mid. August
SAILINGS
Date
2nd June Alid, July
30th June
“Vessel
m.y. "TONGHAI" m.v. "MINDORO"
-Vessel
KA. "DONA AURORA” 1.v. "DONA NAT?"
m.v. "DONA ANICETA"
Vessel
9.5, "DONA AURORA' m.v. "DONA "NATI"
my. "HALLAND"
BOOKING AGENTS for P.A.L.
THE DE LA RAMA STEAMSHIP.CO., INC.
(Incorporated in the Philippines)
MARINA HOUSE
Tels. 28676-22676
CHINESE SHIPPING OFFICE Tels. 28788–20153
V.M. HAMMOND
& CO.
S.S. “HEATHER" SAILING 21ST JUNE FOR CEBU FOR FREIGHT FROM P.I. TO MALAYA
UNION BLDG. 4TH FLOOR
APPLY
CHINA MERCHANTS S.N.
15 Connaught Road West.--
Shell Tapet
Jap. &. Stanchurian Wy. 5%. 1033.....24........
BANKS:
flung Kong 4 Shanghai Bank 120-15/10 Mercantile aisle ed india "A" 24 OIL:
Anali-American Corporation, IBIZA Beliźnie Burman Petroleum. Beltiel Borneo Petroleum .... -Ruler
42/8
Treasury Explodes A Rumour
Washington, June 17.
A high Treasury official said today that the United States is not coining silver coina for China."
Thus another rumour amorig the many that China is allempt-i ing to achieve a sliver balls for i its_currency seemingly exploded. Other authoritative sources said Chinese reports that Nan- king oMelals are here seeking to: negotiate a currency reform pact,;
chnos ing substance."
London, June 17..
The Government's policy of bulk buying of cotton came under heavy fire from the Opposition in the House of Commons tonight.
Mr. Oliver Lyttelton, wartime Minister of Produc-
Hong Kong
Exchange
It has been an Irregular market durim
le uncertain. Inclining to winkness. "B
tion and the chief Opposition speaker, said the week, and the andertone at the stom that under this system, cotton prices had al-Peartes", which have had a rise of in ready risen by more than 100 per cent in fourts, and China Entertainmenta, Des months.
How could an export in- be founded on such dustry "shifting quicksands" as this?
He warned the Government that if it had not hedged against any of its bull positions
cotton, the losses,
in
when prices turned downwards, would wipe out any adventiti- ous gains that had come to the Cotton Commission which did the buying.
NY Stock Market
New York, June 18, Closing alock quotallanet Adams Ex pr 21%. Alaska Junveu 544, American Can 87%. American Ameling lu Americno Telephone 155%, Amerient Tabacco.57%. American Waterworks 12 Anaconda Copper 30%. Aviation Cor * Baldwin: Locomotive 1832, Tarnedali 44%.
hellor Bendis Aviation 56, which made the world price, itel 37. wing Aircraft 284, Border Ch. 4, Canadian Paciße 18%, 34, Can was now New York.
49%, Chrysler '04%, Colgate 41. Com-
Thero would be a "formidable" loss of taxpayers money as well. Mr. Lyttelton asserted that whereas previously it was the Liverpool
Exchange Cotton
Now, when the sellers market was beginning to fade and buyers market' was likely to Government sil- supervene, the
fowed the price of cotton to rise until it had erossed the price at which foreign competitors Liverpool spinners could buy their raw materials,
Puro Guesswork
Any attempt to produce "a eloth at a price" must be pure guess work. The idea that bulk purchases made for stability had been pubilely demonstrated to be "utterly false."
Another
Conservative Mem.
mercial Solvent 27, Corn Products 84%. Dupent 1G, Eastman Kodak 48. Elre. tre 'Light & Power 24%. General Electric 415%. General Motors 84, Goodrich 60
t
As
dyer 44, Horsestake Mining 17%, International Harvestas 15 by Inter Donlonet Paper 01 International Tournament Tel, 14. Johns Manville 414, Krane
Copper 591⁄4,
Kentromery Ward National Dist||lers 20, Nallont Den 37%, New York Centrāl 10. Packard Motors B, Fan-American Ale ware 10%. Pentazivania HR 20%. Raffle | Corp. in. Republic Boel 3⁄4, Reynaldə Tobacco 874, Behealry 804, Brate Rex buck 41, Shell ou 46%, Barony Varnum ea, Southern Preife 19%, Standard
Brande 28%, Standard Oil of Calif, T2 14. Standard) of NJ. 90%. Studebaker
2%, Union Bag 37%, Union Carbi
4.8.
32.
ber of Parliament, Mr. Watter 42%. U.. Rubber 47, U., Steel RL,
Westinghouse Lines 11%. Fletcher, sald that bulk buying Youngstown Bisert & Tube 15, Gen. falled because everyone could
com-
sat the single bulk buyer com Pub. Utilities 14%.Aunciated Press, Ing-ho was like an elephant. Lancashire was being driven into an ever-narrowing band of manufacture "and we shall not be able to compete with labour conditions in India and Japan."
No Hedging
-Mr-Herold Wilson, the Presi-
RICE SOARING
-IN SWATOW
Canton, June 17.
The price of rice in Swalow
dent of the Board of Trade, sald has touched CN$13 million a
If the Governmcht had tried to picul.
meet the "cataclysmic" world conditions with any other system
Fortunately,
the rationing
but bulk purchase, the Lenca-scheme went into effect on June. shire cotton industry would have 11, with the Government selling been in ∙tion.
in a very much graver post- at CN$8 million a picul,
polite, 2 the exceptione. ILK, GOVT, LUANBI
4% 1 futb
on 14984) foln, 3% Loan (1948) 101n. ПАМИЯ
H.K. a. 1ank 21305, 21obe,
(Lin. Reg.) £123-14/10m, Chartered fimuk 11. Mercantile Bank A. £22%. Bank of East Asla 102n.
INSURANCER (
Cantor Ins. 100
Union Ine, 776b. TANK,
Chlox Underwalters 76, 7.000. H.K. Fire Ine. 295%. SHIPPING:
Douglas 2270.
H.K..4 M. Strambonte 155.
Inks China Def.) Dân; (Del.) 284. Khelle Wegrer) 189′DI:" U. Waterlonta 37.
DOCKS, WBARVES, GODQWNS, ETC. H.K. & K. Wharven 1035 160m, 356u«,
(N) (1, 1) 100.
H.K. Docks 315, 37x. China Providente 28», 231. Shanghal Dockyatda 221⁄4n, MINING:
Raub Mines 6.70.
H.K, Mines 0554.
LANDA, HOTELA A OLDGA..
11. R. luteta 174, 175, 2716mm.
R.K. Latul 12, 23.
Shanghal Lande be
iumphreys Estate 230,
I.K, Realties 18h.
Chine etates toon, PUBLIC UTILITIES,
1.K, Tramways 283⁄41⁄4b, 28», 25%%/%
Peak Trama (0%) 221⁄2 #1 (New) 148, Biar Ferries 1968, 149, 140/5Dum,
* C. 13 km 10} tab, 2m 24h M X.D. (New 20b, 20% X.19. 1.K. Electrics 475, 47, 47 1⁄2 ma. Macau Electrice 20.
Sandakan Light 1414b.
Telephones 14%, 4560,
INDUSTRIALS:
Cal. Macg. (Dr.) 24.
Chaton em Tn.
Cements 476, 488, 47/47% 1.
H.K. pes (2%).
STORES &0.9
Dairy Farms (0191 54146, Sum
(New) 51%.
Watenna (Old) avtab, entén, 13/2014 wa
ாட்
[New] $7%, Nina,
Lane, Crawlorin 67.
Binceres An,
China Emporbim 13.001. Sơn Con Xin bao
Kwong Song Hing 106. Wing On (ILK.1 13. Wm. I'owell, Ltd, 196.
MISCELLANEOUS
Chink Entertainmenta 470.
HI.K. Constructions (O) "d61 ̄ ̄(N)~0n. -Videos ~{X.-Riz.)-On:-(Rizhis) – 4-
Marsman Invartments 13/8n.
Mersman (K) 1.40h.
The big difference in
prices It was not, he said, the Cotton
has been mainly caused by Commission's polley to hedge. The Commission
avery boardhg. by rice, merchants and COTTONS: WAG large organisation, which could wealthy citizens on earlier tears cover its risks over a long period of a rice farine" in Swntow
| district. without Insurance.
The Raw Colton Commission
An offelal in the Swatow city had already made "very con- administration sald that "ration- alderable" gains and these were ing has been well timed and is a available to cover the risks. boon to this city."-Reuter.
He agreed there was a lack of choice and to some extent a de- terioration of quailty In raw That was not cotton supplies. due to the Commission, but to having to, economice in dollara-
Router.
GOLD TALKS DENIAL
..
Pretoria, June 17.
from
SILVER AND |COLD MARKETS
Fws 19b, 208, 19, RUBBERS, ETC. COMPANIES:
AnthrJuvas 05. Consolidated Rubbers to. Kota Bahne Zn.
Padang Rubbers, 1.400, Rubber Trusts 49m. Samena Rubbers 1n. Shanchal Pelaris Za. Tanah Merahs 1% n. Tebang Hubbers .900. Zlangbe Rubbers In.
Money Market
Gold took the down. grade
Bombay:-Market closed. Buenos Aires: Sovereign, 01.- 50 buyers, 93.50 sellers; U. S. Yesterday and at the lowest point touched $322.25 a tael. Right Eagles, 101.50b) 185.00s. Gold, from the opening at $320.26 it Bar, Per Grammo, 8.90nk, 9.8016. was a one way movement. At the close it was slightly better ut Alexandria:-Gold, per "dir
8833.37%, -but tho Lindertone them 102 plastres; Egyptian remained weak.
Dollars
which has already been drafted, It was officially denied here pound 490; Sovereign 503; Tur- Deliveries for the day totalled were "merely echoing the ascal today that South Africa was key pound 360; Napoleon 370
China but lock-negotiating with the gripping
(piece de cing) 495: 6.500 teels, of which 2480 were United Silver (plastres per kilogram))
official and 4,000 unofficial
Plastres opened at $11.42% a Ofelul Chinese quarters de- States for an increase in the 828 plastres.
100 and closed at $11.50. Those clined to discuss what may be price of gold.
the lowest One "dirrhem" equals 1/10thatos of the day.
and higbost It was earlier reported Nanking's currency objective Canberra that both Australia and of an ounce, Associated Press.
Chinesa National Currency South Africa were negotiating Parla-Napoleon 4,125 Frs.. with the United States for guld French 10 frase coins: 1,800; Swlas yesterday as futures closed at 20 honded for, a new; all-time tow
[price increase.-Router.
trane 1,950; Union Latine 3,700; cents and spot at 33 cents for Sovereign 4,150; Half Sovereign CN$10,000. Canberra, June 17. 2,300 U.S. Dollar coin ($20.00)
unchanged Ticals were The Prime Minister. Mr. Joseph 10,800; U.S. Dollar coin (110:00) Rubber closed 15 to 35 lower Chifley, and the Cabinet have 8,400) Sovereigns (in: free dollars NEI Guilders Armed up again with sales of 52 contracts.; July approved at recommendation that per ounce) $71,8; Napoleons (in to $10:17 & 100. I 21.05; September 22.10; December prosecution of minor Japanese free dollars per ounce); $72.0; US. dollars were slightly lower 21.85-90; No, 1 ribbed smoked war criminals be expedited and U.S. Dalla notes (in: black-mar sheets 22% nominal.—Associated I completed By: June 30, 1049,- ket) 350/881. Press
N.Y. RUBBER
-----New-York,June–18—
DIRECT.
Reuter.
Reuter
Pacific Far East Live, Inc.
Fast Regular-Trans-Pacific Service
SAN FRANCISCO LOS ANGELES.
OVERLAND
NEW YORK-CHICAGO-DETROIT-TORONTO, MONTREAL AND: ALL'AMERICAN, & CAMADIAN CITIES,"
From **
SHIPPING. DEPT.
TEL: 22277
CO.
VESSEL
· Arcives:
Telephone" 216EE.
63. "IRAN VICTORY"
Juno, 22 · San Francisco: June 20 San, Francisco July....Qu Ban Tranplaco
DRY
SAILINGS
S.S. HAI HSUAN, Singapore & Bangkok June 22 ...... Singapore June 23
S.S. “HAI HSÍA”
**(With Passenger accommodation)
Cargo for Thing;Tao, Hankow & Tientsin ácceptable
Hinnad on through bills of lading.
GAMLA BARTICULARS' PLEASET
5.4. "SURPRISE"
3. "JULIA"
14. “GREAT REPUBLIC"
LUCKENBACH?-
REFRIGERATION
Jane San Francisco
Balla
For
June 23 San Francisco
yks. Manila
· Jano- 24 | 8ân: Franolsco
June - 27: Ex Francisco
via B’hai & Fusan, July T
-San-Franolan "*"
CARGO DIL TANKS:
:
at
at $5.43; Sterling on the other hand appreciated to $18.65, Aus tralian pounds were unchangod at: $12.51.
i
~NOTICE TO CONSIGNEES
HOLDING A
-P... &0...B...I ZELAN *BILLS OF LADING-
PRESIDENT LINER
Sailings
REFRIGERATION-SPECIAL CARGO OIL TANEB-
CARGOCAIRE—BPECIES
TO-SHANGHAI-
8.8. President Cleveland"
TO SAN FRANCISCO
8.8. "President Cleveland" (via Shanghal)
8.8. "General Meigs” (via Manila) -
S.S. "President Wilson" (via Shanghaij
TO SAN FRANCISCO AND LOS
Juho 19
June 18 July
3 July 17
ANGELES. ·
8.8. "President Grant" .....
8.5 "Presideni Taft"
S.S. "President. Pierce"
June 23
July July a
To NEW YORK, BALTIMORE and BOSTON vi PANAMA
Vane 20
ily 12
8.S. "Dartmouth Victory" 8.S. "President Harding"
◄ TO NEW YORK BOSTON AND HAMINA VIA MANILA, SINGAPORE, COLOMBO, COCHIN,`HOMBAY,
SUEZ AND MEDITERRANEAN PORTS 8.5. "Mount Davls” ...................
3.5. "Mount Rogers" (calls Karachi)
June
10
July
2
AMERICAN PRESIDENT LINES, LTD.
St. George's Bldg.
Tel. Nos. 28172/28175
American Pioneer Line
Arrivals from New York, Boston,
Other Atlantic_Ports via Panama
"PIONKER BAY"
"STAGROUND" "COURBER
Sailings to Manila
"PIONEER BAY"
"ETAGHOUND"
"COURSER"
June 24
July 18
July 30
June 24
-July -- 18)
July 311
Sallings to New York, Boston, Philadelphla Baltimore & Other Atlantic Ports via
"PIONEER BEA" "PIONEER TIDE" "PIONEER BAY"
Panama Canal
-Special Cargo O Tanks-
..In port
Due June 23 Duo July 14
Sails June 19
Sails July 24
Salis July 15
For Full Particulars Call
UNITED STATES LINES
General Agents
Queen's Building,
Tel. 31251 (3 lines)
KLAVENESS LINE
SAILINGS
Direct to LOS ANGELES, SAN FRANCISCO VANCOUVER, SEATTLE & PORTLAND m.s. "BOUGAINVILLE"
m.s.- "BOUGAINVILLE"-
6th AUGUST
ARRIVALS FROM PACIFIC COAST
-23rd -JUNE SAILING FOR-SINGAPORE PORT SWETTENHAM,
PENANG & BATAVIA..
24th JUNE
PASSENGER ACCOMMODATION. BULK OIL TANKS
Chinese Freight Agents.
HOO FOOK PING
THE BANK LINE (China) Ltd,
Apply:--
THE BANK LINE (CHINA) LTD.
King's Building. Tel. 27702
BARBER WILHELMSEN LINE
M.V. “TAI SHAN"
Loads 20th Juno, 1948
for
NEW YORK via PANAMA calling at
Yokohama, San Francisco, Los Angeles, Panama,
* New York, Boston, Philadelphia & Baltimore -
For freight, and further particulare opply
DODWELL & CO., LTD., Agents Hongkong & Shanghai Bank Bldg,
Telephone" 28021.
THE EAST ASIATIC CO., LTD.
OF COPENHAGEN
M.V. "KOREA
Now Loading
ADEN, GENOA, CASABLANCA, ANTWERP. Mesars, Goddard & Douglas ROTTERDAM, HAMBURG, OSLO, GOTHEN
will: attend at 10, n.m. on: Mon-
days and Thursdays within the BURG AND COPENHAGEN
free storage parked to survey damaged cargo, and consignees ||* uro 'requested to have their representatives present. Unless consignees zaprezentativen : " ́åre present at the Survey no claims can"thereafter be admitted;"
MACKINNON, MACKENZIE ECHTEN & CONTRA
P. & 0. 8. N, 00,
#. 1. 8. N. Co,'144.
This vessel is accepting cargo for PORT SAID Tanks available for the carriage of oil in bulk.
M.S.MORELIA"
loading about 3rd July
ADEN, ANTWERP, ROTTERDAM, HAMBURG, OSLO, GOTHENBURG AND COPENHAGEN Tanks avaliable for the carriage of old in bulk.
THE EAST ASIATIC CO., LTD.
STYL. 04111. A HATIR
n's Bldg, 203 floor.