ROYAL INTEROCEAN
LINE
Passanger-and Freight Sourital
JAVA-CHINA-JAPAN SERVICE - PERE
"TJITJALENGKA”
TIISADANE"
TASMAN"
"TJIBADAK"
A-Arrival”, SAW Bailings
'fron - Maullu
& Amoy
8th November
from Macassar
& Javaports 14th November.
from Amuy Prat. December
from Macassar
& Jayaporta
26th November,
to-Javaports
& Mucda465 10th November.
5. p.
to Javaports & Macassar 25th November,
to Javaports
& Macassar,
5th December,
to Javaporis
& Macasaar
16th January.
ASIA-AFRICA-SOUTH AMERICA SERVICE
'DOISSEVAIN"
"TJIBODAS"
*TIIKAMPEK“
*TEGELBERG"*
Arrivals
In purt
from
South America
& South Africa
5th November.
from
South Afrien 26th November. Imom
South America
Sosalh Africa
20th November,
Ballings
to South Africa
7
& South America
vin Moulla, Straits
& Mombasa.
13th November.
to Shanghai
and Japan
0th November.
to South Africa
& South America
4th Deceniber.
to South Africa
& South Amerlea 14th January.
Transhipment cargo on through Bs/L to Dar-Es-Salaam
Mombasa. Zanzibar acrepled on all sailings.
SUMATRA-MALAYA-CHHINA SERVICE
"YAN HEUTSZ"
"TASMAN"
"VAN RIEMSDIJK"
Arrivals
Irum B. Dell
& Straits
5th November from B. Deli & Stratte
21st November. from B. Dell
& Straits
27th November.
Ballings
to Swntow & Amoy 6th November.
to Swatow and Amoy
22nd November.
to Straits
& B. Deli,
7th December,
Agents: HOLLAND-EAST ASIA LINE
"MARIEKERK"
"MOLENKERK“
"MEERKERK”
Arrivals
from Japan
Shanghul 20th Nov.
from Europe'
3rd Dec.
frein Europa
End Dec.
Sallinga
to Europe vla
Manila & Straits 22nd November,
to Europe via Mania
& Straits.
Mid December.
to Europe via Monila Stralis, Mid January,
Transhipment cargo oɗf through Bs/L accepted te
Mediterranean and Northern European ports.
Agents: SILVER LINE LTD.
"SILVERBRIAR"
Arrivata
from U.S
Sallloge
. to US..
Vin Parlic Coast via Atlantic porta Curly Dec.
mid December.
Office Address: King's Buliding, Phones: 28015, 28016 & 28917 Chinese Agents: 82, Connão gli RO.....
Tel. 31106 & 21633
DE LA RAMA LINES
EXPRESS CARGO LINER SERVICES
TO AND FROM PACIFIC & ATLANTIC_COASTS
ARRIVING FROM U.S. ATLANTIC COAST
VIA TACOMA
m.y. "HALLAND”-
12th November
LOADING FOR U.S. ATLANTIC COAST VIA LOS ANGELES
s.s. "DONA AURORA” m.y. "BRYNJE”
21st November Lato Novembor
THE DE LA RAMA STEAMSHIP CO., INC.
(Incorporated in the Philippines)
MARINA HOUSE Tela. 28076-22678
CHINESE SHIPPING OFFICE Tela. 28786-20159
THE HO HONG STEAMSHIP
CO., (1932) LTD. ·
3.5. “HONG SIÀNG”
To SINGAPORE, PENANG & RANGOON
Loading
6th November
Salling
7th November
Subject To Alteration Without Notice
For Further Particulars on Freight & Passage Apply:
THE HO HONG CO. (CHINA) LTD.
48A, Bonham Strand W.
Tola. 20127 & 25048
THE EAST ASIATIC CO., LTD.
OF COPENHAGEN
M.S. KAMBODIA "
Loading about 17th November
· for
COLOMBO, ADEN, PORT SUDAN, PORT SAID, ALEXANDRIA, GENOA, TANGIER, CASABLANCA, ANTWERP BOTTERDAM, HAMBURG, OSLO, GOTHENBURG, BEN COPENHAGEN & GDYNIA: Tanks avaliable for the carriago of oll in bulk
THE EAST. ASIATIC CO., LTD. * Bidt." 2nd fig
94111 & 84112.
„THE CHINA MAIL, WEDNESDAY, NOVEMBER 3, 1948.
FINANCE AND
COMMERCE
REMOVAL OF
OF PRICE
CONTROLS
STOPS COMMERCE IN SHANGHAI
Hong Kong Stock Exchange
Shanghai, November 2,
The whools of commerce stopped turning in this
•** financial hub” of China
China as the Government
“,,
abolished price coilings with which it had hoped to bolstor its now Gold Yuan, Businesses which had been forced to stay open despite emptied chelves closed down yesterday
to restock and recoup. With the old official ceilings abolished, prices fluctuated
There was only a small turn-wildly at levels anywhere from over in a quiet market yesterday.
11. K. GOVT. LOANSI
*455 Dean 100 m.
# (EUR 1045) 100. Sy en (190) 101%, DANSHI
H... Bank 1996.
(m, w) Chartered Bank 33-16/16), Merrostile Bank A. & D., £248, Hank of East Asla 140b. INSURANCES:
Canton Ina. Jin,
Uplun 1, 768.
China Underwriters 6,204, Gum. H.K, Fire Ins, 2800.
HIPPING
Ihwalsara Z3Ťn.
H.K., Steamboata 176. Indo Chia (Pret.) P.
(Def.) 284,
Shelf (leurer) 75/-n.
Unton Waterboats 186, 37.
NOCKS, WHARVES, GODOWNS, Etc.
H.K. & Wharves (0)
(New) 135.
Barth Point Wharves Tin.
H.K. Uocka 2013, BON»,
14.
China Providenta 22.40s. Shanghai Dorkynde 2014, 20, KINING,
Raub ise h F.K. Mine
užbe,
LANDS, HOTELS & BUILDINGS:
H. & B. Hotels 14.80b, 16.20, 18.20. H.K. Lards Vāne.
Shanghai Lesde 0.464, 0.50/,40%*. Humphreys (X, Rt.) 17. tights) 71, Tak
I.K. Realie 18, Chinese Estates 170, PUBLIC UTILITIES:
11.K. Tram nyx S540n, Teak Trams (Cd) 21n.
(New) 11.
Ste Ferries 18hb, 160m, 190/% 20. Uhina ghla 40ldı 24.40%.
4
(Newer (F. P.) 22.8OD.
(New) (F. P.) 15.
LK, Eletries 38, 39, 40/10.
Marno Electricn 2014, Handaken lehte 1.
Telephonen JM.
Boshni G 81⁄2n, INDUSTRIALE.
Culd, her. (Ord) 27% Carl Jen 7a.
Gemanta 40, 41,
H.K. Banes 25.60n. STORES &c.1
Dairy Parrohli 47m.
(New) 40n
Watson (Old) 624, G24.
(New) 66, 07, 07.
1. Cranforte X. Rie) o
ch 18,
Shettes .
China Emporium 948. Bun C, d. 4. Kwong Sung Jin 153, Wing On K.) 5. Wm. Powell, tad, 11n, MISCELLANEOUS:
China Entertainments 855. H.K. Constructions (Old Bn.
~{New} "4}{n."
·Vibros (Old) 194.
(New) 124L. Maranan Investments 13/38. Marumaa (1K) 145,
Abanghal Loan
COTTONS:
Ew 90, 14.
RUBBER, ETC.. COMPANIES:
Anglodaru 0:5
Cheng Rubbers 70m. Complicated. Hubbora 21⁄2n. Dominlar tubire. 20. Kota Bahtro 20. Padeng Hubbers Jn. Hubber Trusta 3. Bamagaga Rubbers 1.10. Bharat Pahang Zo. Tanah Meraha 9ỐN. Tebenx Rubbera' „554, Zlangbe Rubbers' ca.
PRICE CONTROL
The Indonesian
300 to 500 per cent above those frozen on August 19. No one knew at what levels they would settle. •
With military disasters plling up en economic choos that had teen shaping up since that date, un one in fact seemed to know anything about what is coming, During the past two months bren Shanghai have people in calling themselves guinea pigs of austerity. Ten weeks of the Government's last economic re- turned this well-stocked Jorms metropolis Into what looked like a starving city. It still looked like it yesterday.
Simple Answer
unblessed
Working people. with servants or the time to
Decision On
London
Stock Exchange
London, November 1. Iron and Steel shares were
Banks' Appeal forly Active today.** Opening
London, November 1. The Judicial Committee of the Privy Council today rend- nd its hearing of the applica tlan by the Commonwealth Government for leave to-ap- pos to the Privy Council against a decision of the Aus- tralian High Court, which has prevented the nationalisation of Australian banks.
Lord Wright, who presided. promised a decision "after a very short interval of time." -Reuter.
SILVER AND ·
stand for hours in quepas, have GOLD MARKETS
hoen without rios, cooking all,
London: Silver,
fine Spot epal and other necessities for
fine *-com ounce 45-1/2d; Forward weeks. This despite
harvest and ounce 45-1/2d; Bar, Gold, per fine paratively good plenty of beaf on the hoof. ounce 172/8. Coal, which glutted the market two months ago, has vanished.
And the four that is still go ing into what little brend is pro- as if it has duced here tastes been kept a long time in a dank
cellar.
New York-Silver, Bor, (asked price) 74-3/4 cts.; Bar, Gold, por ounce (official) $35.
prices showed some irregularity Os compared with the previous closing levels, as adjustments to
wero being jaka-over Levels macte.
Bubsequently, prices remained firm al- though there were small minor losses n A result of scattered pelling.
Small de Other sections were de elines - appeared in gilt-edged stocks with now Electricity Loan 1/15 lower at 1/4 per cent premium. Some selling was due to the fact that a call of 26% is payable the work.
the Industrial
#how- Jitoweries
Changes throughout
Low. FORCKER
жете
amall lower but muscellaneous were mainly alendy.
Lenders
Anglo-Iranixes
Qil share bat grond. were 3/8 lower at 8-8/14, others shed a few pence.
News of Government set-Sacks In the fighting in Chins resulted in one point Dealers were lowes in Chinese bonde, coller with wide price ranges,
Expectations of good videns below Hurs to maintain interest in coppera of leaders continued, tuder and some use fulls were recorded. Bouth Afrlene
fings were mainly zacier.
SECURITIER:
7244 British Conscia, 2145% Conversion Loan, 8, 1081.. 10-7/LB Funding Loan, 4%, 1950/99. 113% 20344 War Loan, 31%, 1942 War Loan, 3% Victory Bonds, 4% INDUSTRIALE:
2041
118
Bombay: Silver, Ready, per 100 talas 173 Rupees, 10 Ansas; Forward per 100 tons 173. 04: Marwari (nometal) closed; Gold, Why? The answer to that one, delivered, per fola 119, 13; For Shanghai's guinea pigs
Bay, is ward (unofcial) 113, 09; Gold simple the Government enforced Sovereign 78, 04. One tola is equal reperial Chemical Indusi, ord. 47/0 price ceilings were 10 inflated to 3/8th of an ounce,
British Aroerican Tobacco tof
G.D. & Ireland)
TRA: SHARES:
weeks old and producers couldn't Buenos Aires Sovereign, buy-Irelandy produce and sellers couldn't sellers 145.00, sollers 100.00; U.S. under them.
Assam Ten Company
11/82
AMERICAN PRESIDENT LINES
New York via Panama Trans-Pacific-Round the World
JOJOM 1
REFRIGERATION
SPECIAL CARGO OIL TANKS
CARGOCAIRE
SPECIE STRONGROOM
St. George's Bldg.'
Tel. Nos. 28172/28175
American Piomeer Linc
Arrivals from New York, Boston,
Other Atlantic Ports via Panama.
"PIONEER BAY" "STAG HOUND"
Sailings to Manila
A
Nov. 15
Nov. 28
Nov. 18
Nov. 2b
"FIONEER BAY".................
-“STAG ‘HOUND"
Sailings to New York, Boston, Philadelphia -
Baltimore & Other Atlantic Ports via
Panama Canal
Special Cargo Oil Tanka-
*PIONEER SEA"
"PIONEER TIDE" "PIONEER BAY"
Due Nov. 3
Duo Nov. 13
Duc Dec. 4
For Full Particulars Call
Sails Nov. 4 Sail Nov. 14 Sail Dec. 7
UNITED STATES LINES
Imperial Tobaccis Co. (of 0.1.
5-3/10
21/
14.
20/0
2K/D
Company
16/1
Queen's Bullding,
Tel 31251 (3 lines)
24/0
Lo
11/3
634
8/24
4
1/3
212/0
Engies, buyers 235.00. sellers Am Contollated Tos.... bothering 260.00 Gold, Bar, Per Gramme, Assam Frontier Tem Questions that are the businessman, clerk and coolie buyers unquoted, sellers 16.20.
Bar, baht. Tes Company Bangkok Gold, in Shanghai and the rest of urban
Emp. of India & Ceylon Tea Co. Imperial Tea Company Ching is, "why did the Govern- weight of 15.244 Grammes un- ment bring this situation about? qucted; Exchange Rate (Selling). MINK BUARES: Was it necessary? What good did | Bangkok ön New York TT. 19.70; Burma Cord
Crown Min London 80.00; Hong Kong 3.75. It .do?"
Alexandria Gold & Bliver Nundydog, Mines This stock answer of the poli-Fine Gold (Dithem) 101-1/2 and Mine
pound (Found) 405: tically starry-eyed: China is in Egyptian the midst of a civil war that is Sovereign (King) 458; Sovereign Thi Cu."
(Queen) 442; Napolcon (Louis) Union Corporation ravaging the country.
The stock reply: did economics Union Latine (1 coin of 20 OIL BHARES:
the franes gold) 340; Turkish Gold Royal Dutch Co. confusion and scarcity in
Confused Picture
Boring Mines Bub Nigula
elties, Idling of factories and around 355; Dollar (American gold Shell Transport & Trading Co. gathering storm of labour unrest coin of 3 ollars) 465; Pure Silver BPPING
help
in winning civil war?
To judge by the military de velopments of the past month it did not.
The Government's final zur- render on the price issue has left the economic picture snarled and confused. A GY10,000,000 public utility deflelt in Shanghai, the question of wages, salaries, for eign exchange, imports and ex- ports are still obscured by the dust that has been raised.
And looking through the dust at the political and military storm threatening to engulf China, or
Shanghai's guinea
Digs.
dered whether it would sotile be-
fore newer and bigger dust storms sveep down on them.-Associat-
ed. 'Press.
Soong Welcomes Factory Moves
to
Canton, November 1. IN JAYA”* Dr. T.V. Soong, the Governor
of Kwangtung, is reported Batavia, November 2have told a party of Chinese
Republic has newsmen
from Shanghat now Imposed calling price limits ontouring Canton that he welcome essential foods such as rice, corn, the Southward movement of in- meat and eggs, according to Adustrial factories from Shanghal. 'Republican news He is also quoted as saying that the
said he would
tara,
agency..
(për Kilo) 835-Reuter,
Money Market
10. Steam Navig. Co., ord. 25/13% GILTEDGED.
KLAVENESS LINE
SAILINGS
DIRECT TO VANCOUVER AND TACOMA
.......Loading
ARRIVALS FROM PACIFIC COAST
Funding Lenz, 0% ........... National War Donde, 2%%&A
108 ;-)
8. "CASTLEVILLE"
1940/1
1062/04
1964/50
100+16/16 102% 102-11/11
1951/63
102-5/16
M.S. "CASTLEVILLE"
....Due
1925/60 1080/TO
108 -102%
Sailing for Singapore, Penang & Batuvia
M.S. ROSEVILLE"
* 1986/76-
101-5/20.
.,Due
Chinese Freight Agents..
Gold Yuan was steady, yester-, Bavings Bonda, 3%1 day on the Hong Kong market opening at 45 cents and closing at 454 cents.
For Canton remittances it was Exchequer Bonds, 1, 1960.. 100-25/81 30 cents, and for Shanghai 11 Redemption Stock, 5%. 1988/03 99%
YOREIGN BONDS was 384 cents,
Corsa Leap (Dawn), 7%.. Gold, after a weak opening at Japanese 5, 1907/47 HK$304 a toel, Armed up 10 Japapers $56. 1024/59
28%
$307 76. It was a dollar-down atas. B. Manchurian Rly. Br; 1929 19
the close.
BANKS!
#
U.S. dollars were weaker. In Chartered Bank of I.A. A 6. 11.6/
but they climbed pack Mercantile Bank of India A 21%
CHINESE EXTERNAL LOANSI, HK$5.2914 they were quoted ht Hong Kong & Shanghal Hank 115 Io $0.24% in the afternoon. 1.
Tientsin-Puke Hallway, 3%.. Fiastres opened at HK$10.19 Lung-Taing-U-Kai R17 5%, 1919 and clored at $10.10 a 100.
Brora. Loan, B. I, 1913 17 Ticals were again unchanged op Loam 66. 1912.......
HK$25.70 100.
Hukuang Rallware, 2, 1911.. Guilders continued to im-fionen Rallway, 5%, 1995- prove. In the morning they were Bhanghai Nanking Tys., 5% .. quoted at HK$35.30 a 100, and in Kartoon Canton Railwar, 6%, the altemoon $35.70.
#L
NEI
Sterling weakened to HK$13.00, and Australian pounds went down
cent to HK$12.52.1
RANK WORKERS
TO STAY OUT.
Sterling Bonde
14
10
10
-Reuter.
GERMAN TRADE EXPANSION Frankfurt, November 1.
A large part of Western Ger- many's foreign trade will be Denham, November 1.
freed from detailed control by Seventeen, hundred employees the Allies Joint Import Agency 1949, drastically
A Government spokesman said stantint to give them sub-of the J. Arthur Rank Denham on January
that prices were sky-rocketing sites, etc. under the influence of inflation, the high cost of transportation and "psychological factors."-Asi sociated Press!
His
Notice To Consigneos.
assistanco
in seeking studios, whose strike is holding The changes
up.. the production of three films simplify the procedure in order of Britain's most to assure the expansion of Ger- Dr. Soong is also understood to starring five have told the
newsmen that the popular artists, decided at a mass many's foreign tralle.-Reuter. food position is receiving his close meeting today to stay out.
The men struck last Friday attention and that he will try best to
that rice rationing after 92 of their number had re- to see
ocived redundancy notices. They GOLD TRAFFIC { does not stop.
New York, November 1.
Meantime, plans haye been aro determined not to start works. The Zurich correspondient of conpleted for the rationing of until the notices are withdrawa: the New York Times reports sugar and to begin that competent authorities in by November 1 The rationing Berne have decided to prohibit of firewood is also expected to by Federal dcéƒce, traffic in gold Jźtart soon-Reuter: passing through, the free zones.
of Genova and Baslo.
Ho-pays that the decision is the result of deliberations last week by the Swiss National Blink and representatives of the great commercial hanks in Swit
The proposed. Federal decree will be issued early this month, he states-Reylor.
zerland
For full
SHIP RELOATED
Parbi, November 1. The Panamanianstearter, Pan.
of 5595 tons, which ran aground gear Cape Gris Nez, North Africa, during the weeke and, tige been refloated and sailed for Dover Router, TRAY AMASYA..
Rauter.
NY RUBBER
New York November. 2. Crude rubber standard futures closed 30 to 34 lower with sales of 50 contracts” (in *
"GREYSTOKE
CASTLE"
From U.S. Atlantic Coast and Pacific Coast Ports via Manila,! arrived 2nd November, 1943.
vessel Damaged catgo ex this will be surveyed in the premises *of the China Provident Loan
December 20.85; March 20.31. Mortgage Co. Ltd., between the ***Crude rubber No. 1 futures hours of 10.00 p.m. and $11,00 closed: 50 to 60. lower with sales aim. on Friday, the 5th instant. of298/contracts...
March 20.55 bld; May 20.80 bid.
Spot No.
ribbed
pheets
are
ry 18th Dec
.18th Nov.
21st No
.27th Nov.
PASSENGER ACCOMMODATION. BULK OIL TANKS
HOO FOOK PING
THE BANK LINE (China) Ltd :
Applyi
THE BANK LINK (CHINA) LTD.
King's Building. Tel. 2779)
BEN LINE
8.S. "BENNEVIS”. 6.S. BENARTY S.S. "DENVRACKIE 8.8. "DENLOMOND"
DUN
Late Nov
✅Mid Jan
SHIP
ARRIVALS
THOM
U.K.
U.K.
Early Dec
U.K.
End Dev
V.K.
SAILINGS
TOP
LOADING
Aden, Port Said,
***Mld ·Dec
London, Antwerp, Rotterdam,
End. Dec
"Mid', Jan.
7-Eng Jan
K
SHIP
*S.S. "BENARTY" 8.8. "BENNEVIS" 8.8. "BENVRACKIE" 8,8. "PENLOMOND" "Calls at Genoa,
W.R
·Haminirg......
For Further Particulars, Apply To
R. LOXLEY & CO. (CHINA) LTD.
Agents
York Beliding
Telephons:**£X65.
FASTEST DAILY BERVICE TO AND FROM MACAU
21 nominial-Asostaled in a have their Representatives pre-T.S.S. "MERRY MOLLER'
Pacific For Car Love, Inc.
Regular Trans-Pacific Service
OVERLAND
•
$1251
Consignees sent dupha
advised
"the Survey...
Consignees are warned that claims, for, 'damage or shortogo may not be accepted if the damage is not burveyed by Messrs. Goddard & Douglas In the presence of Consignees Hepresentatives at this appoint
MOLLERS' (HONGKONG)
AUBEN LIMITED. As Agents to Lancashire
Shipping Co., Ltd.
Leaving Hong Kong 6.30, 335, Dally from rin Leaving Macau 2.15 p. Daily
¡Times subject » JUAL
MOLLERS (HONGKONG) LIMITED