THE CHINA MAIL, MONDAY, NOVEMBER 8, 1948.
ROYAL INTEROCEAN LINES
Basiegel and
JAVA-CHINA-JAPAN SERVICE
“TJITJALENGKA”
Arrivals
In part
to Javaports.
"TJISADANE”
"TASMAN"
1
"TJIBADAK"
from Macaisar
& Javaports 13th November
from. Amoy
7th December.
from Macasua
& Javoports 26th November, s
& Macassar
11th November,
5.p.m.
to Javaporta
& Macassur
"26th November.
to Javaports
& Macassar,
9th December.
to Javaports
& Macassar 3rd February.
ASIA-AFRICA—SOUTH AMERICA SERVICE
MHRSEVAIN”
Arrival
lo port
*CHIBODAS
In port
“TJIKAMFER"
*TEGELBERG"
from
South Africa 20th Noveinber. from
South America
& South Africa 30th November.
Ballings
to South Africa
& South America
vla Manila, Stralta
& Mombasa.
13th November.
to Shanghai
and Jepan
9th November.
to South Africa
& South America
14th December,
to South Africa
& South America
14th January,
Franshipment eargɑ on throtich 29/L to Dar-Es-Unbiam
Mombasa. Zanzibar accepted on all sailings. SUMATRA—MALAYA-CHINA SERVICE
"VAN BRUTSZ"
"TASMAN"
"VAN RIEMSDIJK"
Arrivals
in purt
from B. Deli & Stralfa
21st November. from B. Dell
& Straita
27th November.
Salling
to Swalow & Amoy 8th November.
to Swatow and Amoy 22nd November.
to Strait -&-B. Dell,
9th December.
Agents: HOLLAND-EAST ASIA LINE
*MARIEKERK"
"MOLENKERK”
"MEERKERK"
Arrivia
from Japan
Shanghal
20th Nov.
from Europa
3rd Dec.
from Europe
End Dec.
Sallinge
to Europe via
Manila & Straits
22nd November,
to Europe via Manila
& Stmits.
Mid Decomber.
to Europe vis
Manila & Straits,
Mid January.
Transhipment, cargo on through Be/L accepted te
Mediterranean and Northern European poria
Agents: SILVER LINE LTD.
"SILVERBRIAN"
Arrivals
from US
Ballinge
to U.S. vin Pacific Coast via Atlantic ports early Dec.
mid December.
Hffice Address: King's Building, Phones: 28015, 28018 & 28017
Chinese Acente: 82. Connaught Rd.. Tal $1190 & 21531
DE LA RAMA LINES
EXPRESS CARGO LINER SERVICES
TO AND FROM PACIFIC » ATLANTIC COASTS
ARRIVING FROM U.S. ATLANTIC COAST VIA TACOMA
m.v. "HALLAND"
13th November
LOADING FOR U.S. ATLANTIC COAST
-VIA-LOS-ANGELES-
s.s. "DONA AURORA”
my. "BRYNJE"
21st Novembar Late November-
THE DE LA RAMA STEAMSHIP CO., INC.
(Incorporated in the Philippines)
MARINA HOUSE
Tel. 2R676-22878
CHINESE SHIPPING OFFICE Tels. 25788-20163
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, ROTTERDAM, HAMBURG, OSLO, GOTHENBURG, COPENHAGEN & GDYNIA
Tanks available for the carriage of oil in bulk
THE EAST ASIATIC CO., LTD.
Queen's Bldg., 2nd floor.
Tel 34111 &·34113.
CHINA MERCHANTS S.N. CO.
18 Connaugh Road West
S.S. “HAI HSFA”, SIS.
Caroo for
Telephone 318da
BAILINGS
FINANCE
AND
COMMERCE
CHINESE GOVERNMENT'S OFFER
TO DOMESTIC BOND HOLDERS
Disastrous Week On NY Market
New York, November 7, The stock market finished its most disastrous week in mate than eight years on Saturday with a slight come back. It made only night dent in the losses the market suffered in post-election rétling.
The shock OI
the Democratic Victory lo Wall Street was clear
y told in the slurp decline of prices. The average was at the lowest level since April. Indi- vidual issues were down one to more than 10. The market value of all stocks declined about | UB$4,500,000,QUA,
Professional traders, many whom bought substantial amounts in anticipation of a Republican ministration, pulled out of the market in a hurry and tried to guess when the boltom would be reached.
On the buying side were in- vestors and speculators looking for a bargain or covertog a short poillion.
Recoveries on Saturday were general but fractional, while 800,000 shares were traded.
Most heavily-traded siocks In- cluded Sinclair Oil up at 234. Consolidated Vultee up at 0% Tidewater Associated up ant
Shanghai, November 6.
The Chinese Government is offering its-bondholders one per cent, not as interest, but, as 'full pay- ment of all its domestic loan issues.
For one bond issue there are 16 others affected-- this will mean domestic.creditors of the Govern- ment will loss the equivalent of an estimated US$500,000,000.
dependence
on the
Empire's Trading With Japs
London, November 7.
In the course of the debate
This is for the so-called} On the other hand it seenu Consolifated Loan of 1936 The safe to say that the day of Gov- par value of the Consolidated ernment
SUC was 1,100,000,000 Chinese voluntary response of the public on Far Eastern trade in the dollars. They were in "good" to its bonds is gone. The Govern. House of. Commons yesterday for Overseas Secretary dollars, circulated before the, in the midst of a "controll- the
cd economy" drive, scoms to have Traile said for the first time the inflation began.
bidden farewell 10
10 classical Commonwealth countiles, con- methods of public Brance.
cerned acling together have been negotiating for
a trade and expand balance. trade with Japan. gagreement
The Government's offer is tied in with what it le doing 'hbout the
Its most recent venture in the Inflation. On August 10 this year, fteld of rotsing large funds from it promulgated the "Gold Yuan" its citizens bus tuken the form of to replace the inflated
Chincsea
"capital levy and is referred dollar at the rate of one to 3,000 to generally by the non-Govern doo, Two weeks later the Financement press is a simple "soak Ministry announced the Govern-the-rich" ment would call in all outsland-Press.
domestic bonds.
came of the band-holders'
expectations?
Very little from their point of view.
A great deal from the omelal point of view.
Government Profit
were "valorised" at
· measure—Associated
Difficulty In Money Market
to
her colonies and Australia, New The countries are 'Britain and Zealand, South Africa and Indin.
Raw wool and collon, tron dra, eeronls, pétraléum, rubber "would go from the sterling aren'to Japan in change for cotton textiles, raw lk. Industrial machinery, rolling alocic and coustic soda.
Mr. Dattomiley-also- gave figures of the British trade with Ching avhich is limited by adverse con- ditions. The imports from China were £7,100,000 in 1930, £2,700,- .000 in 1940 and £7,100,000 - la-1 year, The exports to Chita"were 24,400,000 'the year before, the war, £7,800,000 in 1948 hd
£12,800,000 last year.
Bald Director 'P. T. 'Chan of National ›Loang, on September 4, this yearsmall dogiestia govern- ment bonds issued slnen Rabru;}
London, November 4, ary 1836 (17 in number) willi
It han bom a week of difficulty: be valorised from 27,000 to
In Lawton's money market. The This year the Imports from 1,000 1times according to their assistance of a special buyer was China diave been at the rate of original -dates of lenue,"
necessary in many instances be- £8,500,000 and exports to China Consolidations, being the ear fore the books were balanced. at the rate of 28,400,000. test issue,
Shortage of credit was parlly Mr. Bottomley stressed the, high 27,000 times their face value due to the absence of maturing value of trade with the Far East that is, in the same lodated Chi-
bills and some calling in by where there is a great potential nese dollars. The most
recent banks. The markot was disturbed market. Japanare trade, he said, Dow Jones averages C0.02; in-loans, issued during a period of by the call of £25,000,000 in con-is dubine to conditions tha is developing reasonably satifac inflation, dustrials 178.94; rulls 56.59; utili- pronounced
were nection with the new Electricity. "valorised" at 1,000 times, Chen 3% loan.
Jupan must not become. an ties 33.78.
Closing duttatlons:—Adama Expeves 18,- Säld. "This valorisation gives the
Pending a clarification of their aggressive power, undercutting Alaska Janeau 20. American Can To this, the response of the this time the shortage developed. an increased value."
position, banks held aloof and at prices violently by unfair | American Biriting -60%, American Tel.
petillan "Oh yeah?
Relief was provided by the oven- American Waterworks
Το
PROITY-
& Tul. 150%. Amerleau Teinres bond-holders WAS, hoods are.tual-return of some of the Electri- AUTO INDUSTRY'S
Anavonla
elty money.
Throughout the 'week, 'demand
for discounts was moderate am
Copper %. Aviation Cerjiration he bare fures on our Baldwin Locomotive 15%, farbadan 17 4. multiplied by 27,000, a 10,000 dol. Bently Aviation 21 Beshiebern Sterilar bond will become 270,000,000 #44. Horing Aldraft 13, Barden Com Influted units or-divided by the pany 41. Cancelsa Pavla 19%. J.1.2,000,000 to one Gold Yuan.ratio the turn over small. Ca 384, Chrysler G. Colgate 34.90 Gold Yuan. Comamarelal Bolvents tit, Corn Products Consolidations iss #1, Thipunt 17815, -Eaximan Kodak 42,
Thus
the
of
PRODUCTION
-Detroit, November 7. The US automobilgi Industry has entire The Bank of England return-produced 4498,000 autos and $1,400,- revealed an increase in netive trucks-so-far: this year.—Associat- the Inst note circulation of £3,000,000 ed Press. Electrie Lubt & Fawnr 19%. General 000,00-out of which, Electric 38%. General Motors 60%, Good reliable gures show, only, $38, and other movements were small
Applications of £170,000,000
rich BUS. Cloodyear 45. Kinmentaku Min. | 700,000 have been redeemed Treasury bills totalled £291880. The 31. International Harvesters could be taken up by Government
Intrautinal Paper 61. Internatiorisi"|"for less than
14,000,000 Gold 000 of which
£170,000,000 was
Tel a Tel. 106, Juhns Manville 173. Yuan. In terms of American dol-allocated at an average rate of Kinnrett Copper
altromlars in 1836 and 1948, the governi 10 shillings and 1.58 pence per Wied SIA, National Distillers · 183.
ment, hog
of teat.--Reuter. cleared, pront National 12, New York Central it. Parker Motors 4, Pan-American Al about US$500,000,000,"
waya 8%%%. Vannsyirania I.R. 17%. Rally Corp. 1. Republic Simel 2052, Reynolds' Timer, Kchenter '2724, Betes Rosbuck' 42. Shell Oil 3715, Bheuny Vacuum 14. Southern Pacific 51, Standard Brans 22% Standard Oil of Calit. 66%, Bland- and "O of NJ, 74%, 8tudebaker # Uston Be 2014, Unton · Uutiskie (30 %) -0.8, -Hubber §. US. Steel Tiži. US.
Lines -16,” Wonlíti@hotes: 203;;;;Youngstown- Bhret and Tube 78. Coneral Public Wattles -13% Associated Prese.
British
New Issue Government
The \plates · issuing
of
Gold
contam- Yuan
· bonds. 'What will be the effect
:Government part
per. formances on prospective buy!
SILVER AND GOLD MARKETS
ers of its new leade? One high Bombay: Silver: Ready, per 100 Finance Ministry_official_when tolas Rupees-175,-Annas 02; For- aaked answered terealy: "Noward 175, 00: Marwar (unom- good."
India
STEAM NAVIGATION CO., LTD.
M.S. “SANGOLA” M.S. “SIRDHANA
Regular salllngs to SHANGHAI and JAPAN Special Round Trip fares to KOBE $850,00
Limited First Class Accommodation available.
Tours Arranged at Kohr.
For full particulars apply to
F&O. Building, Hong Kong.
SHIP MOVEMENTS
Seattle, 'November 7. "The steamer 'USO drrived from Yokohama, Wolverine State from and Villager Fucan, Republic sailed for Yokohamn.-Associated Press, !
Notice To 'Consignees
CONSIGNEES PER DARBEE- WILHELMSEN LINE
“MAV ̈"TAI SHAN”~~ clal) 175, 00. Gold: delivered, parare hereby notified that their tola 1:3;-04: Forward (unofficial), 112, 08; Sovereign 76, 00. on cargo is being discharged into tala is equals toth of the Hong Kong Kowloon Founce.)
Wharf & Godown Cols:godown
Buenos Airest 'Sovereign, buy where It will lie at Conilgnees' |·ern *152.00, sailer 162.00; US risk-and- subject to tire "wharf's Eagles, 343.00b, 28500s; Goldstorms-and-conditions of storage. Bar, per gramme, buyers unquot and where' delivery, máy be-
obtained.
od, -15.10s.
¡Alexandria: Fine Gold
(Dir-
horn) 1011: Egyptian pound Damaged packages are to be (Fouad) 485; Sovereign (King) left in the Godowns for ex- 432; Sovereign (Queen) 443; Napoleon
(Louis) 380; Union amination by Consignees and Latine((in coin of 20 francs gold) Company's surveyors, Messrs 340 Turkish Gold pound 355; Goddard Se Douglas at 10 a.m. Dollar (Amper. gold coin of 5 dolon November 13 lets) 465; Pure silver (per Kilo
Bangkok Gold, Bar, per baht- Bonded Warehouse Regulations
weight of 15.244 grammes,an consignees must have a quoted. Exchango Bate (Selling) Bangkok on New York TT, 19.75, London "60,00, Hong Kong 3.75. Reuter
NY COTTON
Re-
venue Officer in attendance when damaged dutiable 'goods are examined...
No claim will be
admitted
after the goods have loft the
AMERICAN PRESIDENT LINES New York via Panama Trans-Paclite-Round the World
REFRIGERATION ́
SPECIAL CARGO 'OIL TANKS
'CARGOCAIRE
SPECIE STRONGROOM
St. George's Bldg.
Tel. Nos. 2E17S-/25175
Gmericam Promear Linc
Arrivals from New York, Boston,
Other Atlantic Ports via Panama
"PIONEER BAY" *"STAG "HOUND"
Sailings to Manila
PIONEER DAY" "STAG HOUND"
Nov. 15
Nov. 28
"Nov. 16
Nov. 29
Sailings to New York, Boston, Philadelphia
Baltimore & Other Atlantic Ports via ・・
„"PIONEER” TIDE"
"ÉIONERE BAY" "STAGHOUND"
'Panama Canal
-8pečl41 Cargo 01] Tanks--
Due Nov. 13
Duo Dec. 0
Que Dec. 17
For Full Particulórn Cali
Balls Nov. 14.. Balls Dec, Balls Dec. 18
UNITED STATES LINES
Queen's Building,
Company
Tel. 31251 (3-Upda)
BEN LINE
ziz die bing
ABRIVALS
FROM
6.8. "BENNEVIB" 8.8. "BENARTY".. S.8. "DENVRACKIE" 8.8, "DENLOMOND"
SHIP
*8.5. "BENAWTY" 9.8. "BENNEVIS" 8.8. "DENVRACKIE” · 8.8. "BENLOMOND" *Calla at Genna.
معايده
U.K.
UK.
U.K.
U.K.
BAILINGS
"TO
DUS
J
Late Nov. Early Deo.
End Dea.
Mid. Jan
LOADING
Aden, Port Said,
Mid Dec.
London, Antwerp,
Had Deo.
Rotterdam,
Mid Jan.
Kad Jan.
'Hamburg
For Further Particulars, Apply To-
W. R. LOXLEY & CO. (CHINA) LTD.:
Tork "Bullding
Agents
Telephone:, 34265.
KLAVENESS LINE
SAILINGS
DIRECT TO VANCOUVER AND TACO
Loading.
steamer's godown, and all good me. "CASTLEVILLE' | remaining" "undelivered after
New York, November 7 the November 14, 1948 will be Colton
under subject to rent. `moved 'lower: _bcattered") +liqutilation-anil_hedg;}
ARRIVALS FROM FACIFIC COAST
King, Futures vélosed turtchanged All:élaims against the steamer
to 260 lower, Dooember : $31.91,
must be presented to the under- March 31:34, May 31,20 Julygned on or before the Novem-PARJENDER-ACCOMMODATIUN. 4027; (Ottöber 128:35,- imidaing
beratognised.
Tel. 27731 (4 Linies). || spôt (3101 nominal Associatorer 12, 1948 or they will not
No Fire iurance will be effected.
Dodwell & Co.,Ltd,
Pacific Far East Love Luc.
Fast Regular Trans Pacific Service
·DITIEOT... ·
SAN FRANCISPO, LOS ANGELES
OVERLAND
NEW (ZÓDK-CHICADO DETROIT TOHONTO, “MONTREAL · AND · ALL AMERICAN, JA LOANADIAN (UITIES. -TENTATIVE÷SAN FRANCISCO/LOS ANGELES: TO-HONGKONG SCHEDULE “RESUMPTION
The first vowsślifor your väteigerated shipments will be seK (FDYING ARRACION,
·Baliz' Ban Francisco 7 days after strike “Arrives Hongkong/21 days later The first years for your idry cargo, "shipments will DOT KADE INDIAN BEAR. Balls: Ban, Kearchop fi ulaya latter wisiko “Arrives Tiongkong (81-days later TENTATIVE HONGKON CO-8KN-FRANCISCO/LOS ANGELES SCHEDULE:RKAUMPTION::
BALL:
WATCH
PODK - do 11LBS Videt-Climat ingid Øreflatid Traitira Lions
Arrivos San Francisco 31vdays interdi
\OF YOUR KARLIEST
Long Roaribor 8, 1948.
Moilce To Consigneos
Damaged gwo this vessel will be surveyed by Mására3|| Goddard
Yuger »Godtown from @20, 2njm/
Illyes
on November 10:
ffre
M.S. **CASTLEVILLE” MS, “ROSEVILLEJ
Chinese Freight Arrents.
HOO FOOK FING
-THE BANK LINE-(China) Ltd.
28th Nov. ¿Dec.
HULK QIL TANKS.
Apply:....
THE KANK LINE (CHINA) LED. King's Building," "Tel. 27703
ASTEST DAILY SERVICE TO AND TRÒN HAVAD
T.S.S. MERRY MOLLER
MOLLERS", "(HON
KONG)
LIMITED