Pazo 13:
ROYAL
INTEROCEAN
LINES
JAVAPORTS and MACASSAR
MANOETA SAILİNGS” ARRIVALS
"THTJALENGKA"
TJISADANE"
"TASMAN"
0th Joun 24th June
ARRIVALS
5th Jund 23rd June
SHANGHAI
SAILINGS
"TJIBADAK"
8th June
MANILA
SAILINGS
*TJITJALENGKA” **TJISADANE"
*************10th June
ARRIVALS
6th June
SINGAPORE, PENANG and BELAWAN DELI
SAILINGS
11th June
..29th Junc
· THE CHINA MAIL, FRIDAY, JUNE 9, 1949.
FINANCE AND
COMMERCE
BIG DEMAND FOR U.S. New York
GOVERNMENT ISSUES
Hong Kong Stock Exchange
Business in driblet quastilles was the order of yesterday and then only at a downward drift in prices.
B.K. GOVT, LOANS
40% Leon 101b.
3. Jon Ernst & into; 18in.
ARRIVALS
In port 20th June
3 Jan (1948) 10lb. BANKS:
VAN HIEUTSZ"
"VAN RIEMSDIJK"
EAST & SOUTH AFRICA & SOUTH AMERICA
TEGELBERG"
“TJIKAMPEK"
"RUYS"
"TJIBODAS" *
SAILINGS ARRIVALS
26th June
16th June
18th July
10th Aug
10th July
7th Sept.
Calling at Mombasa & L. Marques Direct. Transhipment cargo accepted on through Bs/L to
Dar-Es-Salnam and Zanzibar.
** no passenger accommodation,
"TEGELBERG”
JAPAN
SAILINGS · ARRIVALS
12th June
24th June
Agents: HOLLAND-EAST ASIA LINE
EUROPE via MANILA and MALAYA
SAILINGS ARRIVALS
End Juno
3rd June
Early June
Early July Early Aug.
End July
End Aug.
"MOLENKERK"
"MEERKERK“
"AMSTELDIJK"
"RIJNKERK”
JAPAN
SAILINGS
'MOLENKERK"
ARRIVALS
in port
Transhipment cargo accepted on through Bs/I. to India, Mediterranean and Northern European ports.
KING'S BUILDING: TELS: 28015 TO 28017 Chiness Absnts: B2, Connavant Ro. C. Teus: 31196 - 25133
DE LA RAMA LINES
ARRIVING FROM U.S. ATLANTIC COAST VIA ›LOS, ANGELES. & SAN FRANCISCO m.v. "DONA ANICETA" .....jus
......ÇÃ.......... 27th June
m.y. "BENGAL
10th July
SAILING FOR U.S. ATLANTIC COAST VIA SAN FRANCISCO & LOS ANGELESTM
5.5. "DONA AURORA" (calls Japan)
m.y. "DONA NATI"
15th June
22nd June
THE DE LA RAMA STEAMSHIP CO., INC.
(Incorporated in the Philippines)
MARINA HOUSE
Tels, 2367622615
CHINESE SHIPPING OFFICE Tels. 23738--20153
THE EAST ASIATIC CO., LTD.
OF COPENHAGEN
M.S. "KOREA”
LOADING ABOUT 23rd June
for
ADEN, PORT SAID, GENOA, ANTWERP, ROTTERDAM, HAMBURG, OSLO, GOTHENBURG AND COPENHAGEN. also, possibly, COLOMBO,
Tanks available for the carriage, of oil in bulk.
S.S. "TAHSIS”
LOADING ABOUT 10th JUNE for VANCOUVER B. C. via Japan
1
THE EAST ASIATIC CO., LTD. Queen's Bldg. 2nd floor.
Tel. 34111 & 34112.
CHINA MERCHANTS S.N. CO.
15. Connaught Road, West.
· Telephone 31033,
DEPARTURES
Keelung, Kobe
8.$. "TËI FEH”
8.S. “HAI HISIA"
& Yokohama: 4th June 49. Singapore
14th June 49. (With Passenger Accommodation) For Full Particulars Please Apply to the Above
B.K, AR. Munk 19108, 104fxh.
(bou. Ben-) £96, 29%, £son. Chartered Psak £ 11/921.
Mercantile Bank A. & 11. k35, C2in. Bank of East Anta 1183. INSURANTERI
Coton in, azab.
Under Inc. GTAH, Chha, 670** Chinn Underwriters $.800. 1. Fr Jum, 304. SHIPPING:
Douglases 2120.
HK. & M. Beambents 114. Indo Chin cĺref.) 20.
(n.
Shella (enter) 63/-4, 6270n.
Unlon Waterīnata 10ja.
Asta Nne 15.
DOCKS, WHARVES, GODOWNS, Elci
H.K. A K. Wharem
ZUEN.
North Polat Wharven TIINA. $t, Hongkow Wharves 8. 3.K. Dock 2
China Provideało 143, 13.85, 'kom. Shal Dockyardu 11)s, Wheelcks #lju, skin. MINING:
Hauls Moen din.
11.K. Mines 20in. LANDS, HOTELS AND BUILDINGS:
II. Hutele 123, 12, kumi KR. Land 021.
Ali Lands 3.105, 3.20/.1bea. Itumphreys lijn.
H.. Inition 2.
Chinese Extates 1950.
PUBLIC UTILITIES:
"New York, June 21 |The U.S. Treasury has the financial world guessing again and will probably Foof most of the
1.5. Tramways 16.00h, 17.20. 17.40/17. Peak Temmy (Old) 19%
(New) 1,
Star Ferries 1128.
C. Lights (Old) X., 133, 13.50m, 12.80un.
(New X.D. Djb. 2.804, 9.307,60
K. Eletrics 345. 844/3»».
Macao Elettrica 241b.
Saulukko Lights Fol
Telephones 24th, 25, 231/22/22.2018.
Shanghai Gna 4n.
INDUSTRIALS:
Chid, Mues. (OnL) $$a.
Canton Zevs 2n.
Comenta 25*, ZA«n.
H.K. Rom 15ju.
STORES, EI
Dairy Farina Jüb, 3m, 377/3daR, Watania 45%, #fen
3. Crowfurds (014) 28a.
Binceres Ba
(New) n.
Chins. Emporium A.Pob. Bon Co., Ltd, 2.40n. Kwong Rang Hana 335.
Wing On (1.K.) Bs.
Wm. Powell, Ltd, Bja MISCELLANEOUSI
China Entertainmente X. Bl. 19%. 1.8. Construction«, (Did) 38, fu
(New) Jin.
Viro Plugs 16. Maraman Investments 9. Marmate (II.K.) Sa.
Shawn 2.10.
Yangtzen Bn.
COTTONS:
Ewen 8,20, i. .. RUSHER, EL, COMPANIES.
Alien tiep d
Batu Anama
20.
Bate Plantations In. Cleemgen United .90, Cheng Rabbees 25m. Consolidated Rubbers Tu Dominion Rubbers la, Potang Rubbers 250. Repah Rubbers 250. Rubber Trunta 21 Hamann Rubber 70. Bemambo Rubbers „310. Shanghai Kedah in. Shanghai-Mainyn io. Shanghai Brimatras 10n. Sungei Dari 12. Tanah Merah Gon. Tebong Rubbera -20%, Zionybė Rubbers in:
LONDON STOCKS
exports. Investors, and commercial banks in particular, are hungry for Govemment bords with a maturity of more than a couple of years. But the supply of such bonds available for purchase is getting smaller and smaller.
The question is: What is the, Government, which is the main supplier to
such the market of bonds, going to do about 117.
There are several reasons why for
there is a growing demand Government obligations with a And, according long maturity.
to present indications, the demand will become keener in the near future.
For one thing, bank loans to business, commerce and agricut- shrinking for have been ture. months. The decline in such Jorns
the this year, has been teepest on record. That means that banks have money for in- vestment, money which must be invested to make up for the loss of carnings caused by the drop in business loans.
каж
Another reason is that effective last
month, the Federal Reserve Board ordered a reduction in the
amount of cash reserves which banks are
required to maintain
as a kind of guarantee for their deposits. That order gave the banking system about $1,200,000, 500 In additional funds looking for investment,
Philippines Welcomes Investments
1
· Manila, June-1. Foreigners are welcome, to Invert. In the Philippines pro. vided they observe the rules and regulations of the country, President Quirino told repro sentatives of the Indian Over. seas Bank Ltd., who called on Malacanan him at
Palace today.
The visiting Indian bank of ficials included Mr. J. C. Paletra, Mr. T. K. Hajan and Mr. P.V. 8. Hani. They were accompanied by two ropre, sentatives of the local Indian community Reuter,
Money Market
Stock Exchange
New York, June 2. Stability returned to the stock market
оп Wednesday. Final prices showed a majority of losses, mostly fractional, but it was nothing like Tuesday's land- slide The price line was curving
The close, upward at
Volume ran do 1,140,000 shares, Almost all steel stocks hit new lows for the year or longer bo- fore rallying. U.S. Steel old com- mon finished unchanged at 03-344 after dropping nearly a point at one time. Bethlehem moved up
1/4, Republic Steel added 5/8 and Youngstown Sheet 1/2. Higher were Studebaker, Mont- Fomery
Ward, Kennicott, Phelps Westinghouse and Dow Dodge, Chemical.
Losers included Genern! Motors, Chrysler, Goodrich, Sears Roc- Woolworth, Douglas BUCK, craft, Dupont
Air-
old, American Tobacco and Allied Chemical.
Dow
00.40;
44.00
Jones averages: Stocks Industrials 167.98; Rails Utilities
34.00.
Adams Express 18% Alaska Juneau 3
American, Can 91% American
Smelting 42%
American Telephone 140% American
Tobacca 6856 American Waterworks 7%
American Anaconda
28
Aviation Corp. 5 Baldwin Locomotive 9% Barnsdall
414
U.S. dollars dropped to HK$0.38 Bendix Aviation 28% yesterday
ДІ
the close of the poem Strel 2574
market after opening at 50.52. Highest and lowest rates of dro Boeing Aircraft 19%
Borden Co, 41 day were $8.70 and $0.31.
Canadian Pacific 11% I also alosed at HK$6.39, after opening at $6.48. Highest.1. Case 314
47 Chrysler gure reached was $8.52.
Sterling was easier at HK$18.20, Commercial Solvents 14%
Colgate 34
Fow Portents There are few portents at pre- sent that bank logas to business will do noy more than level off in the Immediate future. There are, in fact, signs that this type of loan may contract still further as were also Australian pounds Com Products 624
as business and industry tighten at HK$14.28.
Du Pont Plastres again had a marketless Eastman Kodak 304
1853 their financial belt in an effort to cope with
rate the possibility of day, with the
quoted at Electric Light & Power 25% "This | HK$12.70 a 100 nominal. lenn days ahead this year.
Is highly unlikely that Ticale were easier at HK$20 a General Electric 354
Motors 54% commercial loans will make even 100.
Guilders improved a dent in the huge amounts of
to HK$36 a 100 in the morning and money available.
will this money po 37 in the afternoon.
mcons
Where
for Investment?
lot of A
bankers would like to know
: NEI
NY COTTON the answer to that question.
New York, June 2. in, the meanume, banks have
Colton futures stendied on Wed- been steadily adding medium andnesday, supported by short cover long-term Governinent bonds t their investment portfolios. And in the process, prices of these bonds have been pushed up te the highest levels of the year of longer..
The entire question of Federa Oscal policy is further complical-
by what appears to be
the certainty that the Government in the not too distant future, will be forced to resort to defelt fin- uncing. Expenses exceed income the results government securi- tios sales to make up the differ- ence, or defeit financing.
What sums might be involved
ing following Tuesday's sharp de cline. Trade buying was also in evidence for mili and export ac-
counts,
Closed 55 to 75 cents bale higher.
July 32.34-35. October 28.79.
December 28.50,
March 28.49.:
t
May 20.33 nominal. July 2701 nominal. Middle Spot 33.41 nominal up 18-Associated Press.
NY RUBBER
Now York, June 2.
in defeit financing, when such Crude rubber No. 1 futures operations might stort or what closed 43 to 57 lower, with sales form they might take-all are of 264 contracts. virtually complete unknowns.¬ Associated Press.
MAERSK LINE Notice To Consignoos
The M/V "CORNELIUS MAERSK having arrived from New York and Ports of call. Consignees of Cargo are here-| by notified that their goods are being landed and placed at their risk and expense into the Hong Kong & Kowloon Wharf & Godown Company's godowna
Ch 37
over 397% Homestake Mining 403% Goodyear 39 IN
International Harvester 23% International Paper 45 International Tel & Tel 0 'Johns Manville 33 Kennecott Coopper 43% Montgomery Ward 49% National Distillers 17% National Lead 28% New York Central 10 Packard Motors 34 Pan American Always 8% 50 . Pennsylvania RR 14 Radio Corp Real Silk M
10
Remington Rand 8 Republic Steel-193⁄41⁄2-1⁄2 Reynolds Tobacco 381 Sears Roebuck 35% Sheil Off Socany
Vacuum 17
23
Pacific 38% Southern Standerd Brands 18% Standard Oil of Calif. 50% Standard Oil of N.J. 81 Studebaker 19 Union B Bug 23 15,05 Union Carbide 35% 15.86-8 US Rubber 36 15.75 bid US Lines 14 16.00 bid US Steel 65%
smoked Westinghouse 21% 16 bominal-Associated Youngstown Sheet & Tube 60%
'Gen. "Pub. Utilities 13......
-Associated Press.
July September December
March Spot
No. 1 ribbed
sheels
Press.
Notice To Consignoos
CIE DES MESSAGERIES
MARITIMES.
Consignees per Company's
3.5. "LIEUTENANT
· DE LA TOUR”
at Kowloon, where delivery are hereby notified that their]
may be obtained as soon as the goods are landed.
¡extends.
cargo is being discharged into the Hong Kong & Kowloon Wharf & Godown Co.'s go-
་
London, Jure 1. The value of German assets in Britain is estimated at about £15,000,000, Douglas Jay, Econo- mic Secretary to the Treasury, told the House of Commons. Associated Press.
Notice To Consigncas
5.5. "VINGNES"
London, June 2.1 American stocks, influenced by
Optional cargo will not be down, where it will be al Having arrived Hong Kong sharp falls in Wall Street on Tues- landed here, unless notice hus Consignees risk and subject consignees of cargo are hereby day, led a general decline on the been given 48 hours prior to to the Wharf's terms and con-notified that all goods have been London market on Wednesday. vessel's arrival, but, carried onditions of storage, and where landed and plated at their risk Two-thirds of the 274 stocks Hat- from port to port to the final delivery may be obtained as and expense into the godowna ed by one London paper showed port of call to which the option soon as the goods are landed. of the China Provident L. & M. losses. General Motors and US.)
!
Damaged packages are to be Co., Ltd., where delivery may No claims will be admitted left in the Godowns for exam-
be obtained as soon as the goods flonalised industries, Associated after the Goods have left the ination by Consignees and the art landed.
Godowns, and all goods ro-Company's surveyors, Messt No clalms will be admitted maining undelivered after the Goddard & Douglas at 10, a.m. after the goods have left the 6th June, 1949, will be subject on Tuesday, 7th June, 1949. godowns or failure to attend to rent.
To comply with the General the survey. Prese
Steel led the downward parade,
The decline carried along Goy- emment bonds and stocks of na-
Press.
Notice To Consigncos
M/S "CORNELIUS MAERSK” arrived May 30, 1949
Cargo shipped from U.S.A by the above vessel and des-
tined for
SHANGHAI
}
4.
A
h
Ail broken, chafed, and Bonded Warehouse Regulations. All broken, chafed and damaged -Goods are to be left Consignees must have a Re- damnged goods are to be left In the Godowns, where they venue Oficer in attendante in the godown where they will will be examined on. 4th June, when damaged dutiable goods be examined in the presence of 1949, at 10. a.m. by our Sur- are examined.
Messrs. Goddard (and Douglas. veyora Messrs. · Goddard &
on the 4th and 7th Juno, 1949 No claim will be admitted at 10 a.m. Douglas.
after the goods have left thei was discharged at Hong Kong To comply with the General steamer's godowns, and't all into the premises of the Hong Bonded Warehouse Regulations goods remaining undelivered Kong & Kowloon Whart & consignees must have a Revenue after 8th June, 1949, will: bo Godown Co., Ltd., according to Officer in, attendance when subject to rent. the terms and condition of the damaged dutiable goods are Bill of Lading, where it'now examined.
!
All claims against the steam
er must be presopteri, to, the is lying at the risk and ex- All claims must reach us undersigned on or before 20th penses of Cargo Owners,, who
recognized,
་་
are requested to surrender to before the 30th June, 1940, or June, 1949, or they will not be us the relative B/L duly cn- they will not be recognized. dorsed for countersignature, so that delivery may be effected:
JEBSEN & CO.,
Agente MAERSK LINE,
No Insurance will be affected.
JEBSEN & CO., Agents.
Hong Kong, May 30, 1949,
dan, Y.
No Fire Insurance will be affected.
MARITIMES,
CIE DES MESSAGERIES
Hong Kong Juan 1, 1948.
To comply with the General
Warchouse Bonded
Regula tona,, consignees must haver a Ravenue Omeer in attendance when examining damaged duti- able goods. All claims against the vessel must be presented to the Undersigned within four- teen days of the ship's arrival, or they will not be recognised.
No fire Insurance will be fected
WALLEM & Co., Agents, Telephone 34177-9.
AMERICAN PRESIDENT LINES
The Global Fleet
TO HONOLULU AND SAN FRANCISCO
via
SHANGHAI & JAPAN
"President WilsonTM
"General Gordon" rola Manila & Japan)«........................
"Tresident Cleveland”,
June 12 June 24 July 10
TO SAN FRANCISCO AND LOS ANGELES
via JAPAN
"President Madison" "President Pierco"
Jano, 6 June 30
TO NEW YORK, BALTIMORE & BOSTON via PANAMA
"President Johnson” (Direct to Pacific Coast) President Harrison" (Direct to Paclito Const)
ROUND-THE WORLD
June 25 July 12
#
VIA MANILA, BINGAPORE, COLOMBO, KARACHI, SUEZ, PORT SAID, ALEXANDRIA, NAPLES, MÅNSEILLES, ・
GENOA, NEW YORK and BOSTON
"President Folk" "Mount Davis"
TO N.E.I. & SINGAPORE
"President Harrison" "President Fillmore"
Opposite Star Ferry.
June 15
June 28
June
July
Tel. 28172/5,
BENLINE
SHILP
*BENARTI"
"BENVENUE"
BENLOMOND"
"BENVRACKIE"
"BENLAWERS"
SHIP
"BENAVON" "BENVENUE" "BENLAWERS"
"BENARTY” "BENVBACKIR"
"BENLOMOND"
FOR EAST
ARRIVALS
FROM
U.K. vía Singapore
- do
do
ор
do SAILINGS
TO.
London, Antwerp, Rotterdam, Ham- burg & Hall..
Liverpool, Glasgow, Havre, Antwerp, Botterdam, Hamburg.
DUB
5th June,
Abt. 10th June, 2nd hall June, End June. Early July.
LOADING
K/Wharf. 2nd half June. 1st half July. 2nd half June.
1st half Joly.
"Genoa, London, Ant- ̈2nd half July.
werp. Rotterdam Hamburg.
* Accepts cargo for Japan
7 calls at Port Badan.
For Further Particulars, Apply To-
W. R. LOXLEY & CO. (CHINA)' LTD.
York Building.
Agents
Telephono: 34185.
ISBRANDTSEN
Isbrandtsen Company Inc.
25 Broadway.
New York 4, N.Y.
ន
FAR ZANT • STRAITS • INDIA PERBIAN GULF • MEDITERRANEAM
UM @ CONTINENT * W. INDIES • 8. AMERICA
BYRAMSKIP DIVISION
1
!!
FROM
dang Sor
S.S. "STAR OF SUEZ"
Manila Due June
SAILS FOR
Shanghai, Taku Bar, Kobe, Nagoya, Yokohama, San Francisco & New York vla Panama Canal June 9.
Tanks for Oil in bulk & Refrigerated Cargo Spare available. First Class Passenger. Accommodation with limited number of cabins de luxe, k
A. P. PATTISON & CO. GENERAL AGENTS: “CHINA, FORMOSA, KOREA JAPAN, # HONGKONG 12-14, QUEEN'S ROAD CENTRAL, 4th floor, TEL: 25348
Chinese Agents;—LAM KES SHIPPING CO.
1*3. Bontkưght Ross, -0%. Tel (91.
KLAVENESS LINE
SAILINGS
Direct to Los Angeles, in 16 days Thence. San Francisco, Vancouver, Seattle & Portland M.S. “FRANCISVILLE”
30th June
ARRIVALS FROM PACIFIC COAST M.S. "CASTLEVILLE”
21st June. M.S. "BOUGAINVILLE”
22nd July
Sailing to Singapore, Port Swettenbätu Penang, Belawan & Batavia
M.S. “CASTLEVILLE”
Parenger - Accommodatio Chinese Freight Aguia,
HDD FOOK FIND
4- 22nd June Blk Oll Tanaka
Apply.m
THE BANK LINE (CHINA) LTD.
Klogs Bulldog Tel. 2179%, THE BANK LINH (CHNA))
."