THE CHINA MAIL. TUESDAY, JULY 28, 1949.
ROYAL
INTEROCEAN
"TIBADAK"
LINES
JAVAPORTS and MACASSAR
TJIBADANE" TJITJALENGKA"
"TABMAN
*TJIBADAK"
SAILINGS ARRIVALS
2nd August
..18th August
4th August
„Jut. Sept.
MANILA
SAILINGS
27th July
2nd August
18th August
ARRIVALS
26th July
SINGAPORE, PENANG and BELAWAN DELI
"VAN RIEMSDIJK"
"VAN HETTSZ" :
SAILINGS ARRIVALS
31st July
.16th August
8th August
Passengers accepted to Singapore.enly---
EAST & SOUTH AFRICA & SOUTH AMERICA
"RUYS"
"TJPONDOK" *
"STRAAT MALAKKA“
*BOISSEVAIN“
SAILINGS
10th.Anc.
ARRIVALS
7th Sept.
.,5th Oct.
22nd Aug.
4th Nov.
24th Sept.
Calling at Mombasa & L. Macques Direct. Transhipment cargo accepted on through Ba/L to
"RUYS
Paz-Es-Snisain and Zanzibar.
• po passenger accommodation.
JAPAN
SAILINGS
ARRIVALS
7th August
Agents: HOLLAND—EAST ASIA LINE
EUROPE via MANILA and MALAYA
"RIJNKERK“
"MARIEKERK"
"MOLENKERK"
SAILINGS ARRIVALS
Early Aur. Early Bapt. Early Oct.
End Aug.
.End Heat. End Oct.
Transhipment cargo accepted on through Bs/L to India. Mediterranean and Northern European ports.
KING'S BUILDING: TELS: 28015 to 28017 CHINES ARENTS: $2, Connavent Rd. C. Trus: 31196-25133
DE LA RAMA LINES
S. ATLANTIC COAST ARRIVING FROM U.S.
VIA LOS ANGELES & SAN FRANCISCO
Early Sept.
BLT. "BENARES"
SAILING FOR U.S. ATLANTIC COAST VIA SAN FRANCISCO & LOS ANGELES m.v. "DONA ANICETA" (calis Japan) ........
Sid Aug.
INC. (Incorporated in the Philippines)
CHINESE SHIPPING OFFICE Tela, 23738—20163
THE DE LA RAMA STEAMSHIP CO.,
MARINA HOUER Tela, 23676-22675
HONGKONG/MACAO
DAILY BAILING
FROM HOMOKONG FROM MACAQ HOL ON WHARF No. 18 WHARF
T.S.S. "CHEUNG HING”
0.00 A.M. 2.30 P.M.
Further Partieniars Plases âpply!--
TA HING Co. (HR.) Ltd.
B). Ginicer's Big! (Wale: SERER, SIPUN
punjeni de Alšomptings Wishout Metion
“WEEKLY CHINA MAIL”
CONTAINING ALL THE LOCAL NEWS
OF THE WEEK FROM THE.
"CHINA MAIL” & “SUNDAY HERALD"
Price 50 Cents
ON SALE EVERY THURSDAY.
SIGNS
FINANCE
AND
COMMERCE
OF IMPROVEMENT Hong Kong IN U.S. ECONOMY
Zinc Joins
The Price Rebound
Eithe
New York, July 25. Zine joined the price re- bound in non-ferrous metals last week und demand for the metal continued to flourish following the
half
cent #dvance.
Activly in the copper market levelled of somewhat but sales maintained good volume.
ຕາດ
good. Lead sales
were Prices of both metals held arm. Highlight in the metals news
the Senate
Appropriations Committee's stash of $275,000,000 from contract
act authority already approved by Congress for stock
rials. The proposed piling reduction will be offered an an amendment to a military money bill expected to ranch the Senate Eoor this week.
The netion would not affect the $315,000,000 cash appropriation
for Fortier
buy ink approved stategic materials this year, but would trim by more than half
was
1/
the Government's authority Contract for future purchases to be paid for next year or later That contract authority would be reduced by $245,000,000 by the hew amendment,
Upward Change
The zine price advance to 91% cents a pound, East Saint Louis,
was the first upward change in the metal since the post-war high of 17% rents broke on March 27 Zine reached the nine rents low
Copper sales on June 15, were slightly below the previous week but still excellent. Demand for lead continued strongest of the major metals, with buying in substantial volume a 14 centa a
The Department of Commerce. Trade, Office of International last week announced removal of of lin- restrictions
on exports and terneplute, effective on plate October 6. Omcials said domes tie supplies of tin mill products Ex- made the action possibly. parters must continue to obtain validated licences covering ship- ments.
metals Major prices included
Naw, York, bu
July 24. There were solid signs of improvement: tale week
In the undernourished economy of the United States.
Visual symptoms of a turn for the better were more
pronounced. Discouraging declines were less prominent.
Even so, rough spots still showed in the road ahead.
Industry
the
U.S. Exports Of Grain At New High
Retail sales were down again Labour and from a yeur ngo,
some witte management had differences, to span.
Saconi quarter earnings in- diepted it was, costing cases where males were above mere to make a dollar. In many year ago, there was less pront after the company paid its bills
of But. several segments
financial business and
world! showed definite recovery signs.
Take the cotton textile market, which has been in the duldrums
This week for a long while. began to get a lie nourishment. Inventories were low. The devious year.
The Agriculture Department spread that lower prices were not,
Fald exports totalled the equiva- likely.
The result was the sale of tent of 036,074,000 bushels about 100,000,000 yards of print about 17,602,000 long tons, com- pared with 488,000,000 bushels or clath,
Î6,240,000 fung in the prevous
Supplies Tight
Bayern found supplies for quick delivery were tight. Many of the
11641 eutback production; mills sather than make cloth to store in their warehouses,
It followed a patters predicted by many econolds who said the money fo buy was avaliable, that Hite wondener and Ruud quality at attractive prices wild Juusen purse
strings, that low in ventories meant quick production when buying got underway.
UR
Washington, July 25.
of United States exports grain and grain products for the marketing year ending June 13 were more than 10 per cent greater than the world record set by this country in the pre-
year,
This record may stand for a tung toe. Experts for the market- ing year are not expected to reach it because of intereased production abroad.
Wheat aul whent products made fla grent bulk of the exports during the past marketing year, totalling the equivalent of 50,621, 000 bushels. The Department said 38.4 per cent of the past year's exports moved to United States occupied zones of Germany, Japan
und Korea.
About 404 per cent went 10
countries receiving the Morsball Plu
funds.
The non-ferrous metals market wained a recrull on the upside. Zine finally Julned lead and cop-
The bulk of the balance went] lie poc in an upward turn
mills Bought to India the Philippines, the custers and brass actively after a long quiet speli. Union of South Africa and Latin American countries.-Associated Steel production moved ahead to 78.3 per cent of capacity as Press. the threat of any immediate strike ended. However, it was only n hair over the 77.8 per cent of the previous week and it was way under the 93.1 per cent of a year ngo.
The President's fact finding! Comunities begins it study of steci worker demands next week. But the finding will be binding on no one and there is no guarantee will be that h strike threat eliminated by the end of the fo day peace.
New The York Stock Exchange
Its Summer rally going
Britain Gets Cuban Molasses
Havana, July 24. Senator Jose Manuel Casanova, President of the National Associa-
auld on af Sugar Millowners, that until
70,000,000 gallons of molasses
kopt
the Cuban Sugar
opper, foreign 17.625 cents / Thursday. Then, selling becamel have been sold to Britain at three i
a little keener and prices slipped tents a gallon by i R bit. Whether the slip was an Institute. end to the rally or a temporary] Senator Casanova also said that
stili halt for breath certain.-Associated Press,
non-ferrous
New York.
nominal Lead, foreign, cents, Gulf of Mexico ports.
forel, 0 cents Gulf of Zine, Mexico ports.
14
US
was
not
Aluminium pigs, 16 cents, ship-
MONEY MARKET ping
point: Antimony, 41.73 cents a pound,
dollars opened yesterday steady at HK$0.20 and closed at cased New York.
Platinum, $89 an ounce whole- $0.80 after going up to $6.30%.
New York
TT was put through between an ounce, HK$8.31 and $6.32. 71.6 cente Silver.
Sterling,
opening at New York, 43.5 pence London.
Tin, $1.03 a pound, New York. HK$18.50, closed at $10.60.
Australian pounds were slight Quicksilver, $78 to $80 a flask of 76 pounds, New York.
ly weaker at HK$13.00.
Piastres opened at HK$13,55 = Chinese, $22.50 Tungsten ore, to $2300 a short ton unit of 20 100 and closed at $13.65. pounds at New York-Associated Press.
India To
Impose
Ticals were unchanged at HKS. 26.30 a 100.
NEI Guilders were stationary at HK$34.50 a 100.
more
WZA expected that molasses would be sold to Britain. Britain would pay the US$2,100,- 000 in dollars bat in the future all sales to Britain would be on a Pound SterUng basis,
the
Mr. Cosunova sald thai molasses had been sold to Britain on the condition that at was for domestic consumption and could not be exported to other countries.
Cuba still has 70,000,000 gallons of molases on hand for domestic consumption and sale for best offers.
The Cuban Sugar Insitute is an organisation which carries out the nation's sugar negotiations—As- sociated Press.
No Additional
Restrictions Flour For Japan
New Delhi, July 24.
India is likely to impose rigork: pus restriction on the import of foreign and the pro-
Washington, July 24.
rent controls on textile experts. Additional shipments of four to Japan cannot be
according to Informed sources here tonight!.
The sources were carinaaliag on the discussions at a meeting at
the Indian Prime Minister, Pandit Nehru's, home hore today of In- dian provincial and State Pre- miers.
Dr. Shyama Prased Mookher jec, Minidier for Indiatries and Supplies, was underklagd to have. told the Premiers that large quan titles of cloth had piled up in many, centrs,
J
The conference was understoor to have discussed the general economic situation Reuter
Cash Dividend In U.S. Higher
Washington, July 25. Reported casa dividenda pay- ments by corporatione in the month of May were 11 higher than in May inat Jahr, the US -Department of ChamerKE
justified at this tima, Senator Harry Cain, Republican of Washington, has been told.
Senator Cain had suggested to Mr. John P. Loomis,
Food Administrator for Occupied Areas, that wheat be milled in the North West and the flour, instead of wheat, sent to Japan. He said it would aid mills in the Pacific North West.
1
Mr. Loamie replied in a letter stockpile in Japan. Was so low de public by Mr. Cain that than there was no time for mill- boen resting imported grain and four our shipments have duced, because wheat can i could be consumed immediately, purchased at a lower cost and This is no longer trus and our processed. In Japan without ex- shipments cannot be fustified 'nt penditure of dollars and with a this time."--Associated Press.
oving of the valuable residue ng the milling process.
Can't Be Justified bala viny lại chia faot," Mr.. Loomiz wrote, "additional pures, Echipers: brindür, can hardly be Ausillad, Ita we are to carry
autour
of re- repchaibility
costs to Scupation
New Steel Process
Middletown, Ohio, July 24.: The Atmo Stoel Corporation announced it will soon make Loomis sold it has been avaliably to other sterkomm
under for the Army.
to sup
ported." "The department-matisiaf3/2/coryximately 35 per vent Procéss to give steal a sino con}-
BIDD,200,000 for last May of an imum food' needs any that does not pke ge during
*80,000,000, people and to severe drewing pår bent or the requirements 01 Prident The German peoplg.:
the proops, although Hot
ended
biłyby burchasing
can obtain
Stock Exchange
A featureless day.
H.K. GOVT. 'LOANE
4 Jun 1911.
-
1
Loss 1936 1969) 1000.
*1% Loan (1918; 100b, 100 s.
BANKS
... Baisk ̈1650h,
(Lon, leg.) Rijn. Chartered Hank 210 8/1@n, Morandile Bank . . '£24jn, Donk of East Asia 115,
INRURANCES
Canton the. 350. Inion Is. 65th, Eñßa, 602 Jan. Chila Underwritem 5.Eu.
1.K. Fem. 245.
SHIPPING
Douglases 20ða,
H.K. & M. Gleamboats 17j5. Indo China (l'ref.) Djn.
ber, 200n. Sheik (Herrer) 61/T10. Union Waterbante Min. Am Nav. M.,
DOCKS, WHARVES, CODOWNB, Elec JL.K.K. Wharves 1204, North Point Wharved Gin. #hanghai Hongkra Wharves 17x, II.K. Docks In
Chinn Providente 123n. Shanghai Dorkyneda bija, Wherdorka Zal, 25m2,
MINING
Hub Min 4301. J.K. Mines Alin.
LANDS, ROTELN ♣ B‡.BUS.
1., teda 11 ft. 1.1. Lntide til Shurhal Lude 2.20b Humpbarys 110. J.K. Reities Zo, Chinese Estates 106.
PUBLIC UTILITIES 1.K. Tramway* (C.REM. Peak Trama (Oki) ton.
(New) 10. Star Ferries 18.
. Lights (614) 12b, 12, jan.
(New ki, 5.0, 8.00/.40<n.'
H.K. Eletrics 1b, 82. Muran Kinetics 20jn, Saudska Lights D..
Telephones 220,
Shanubat Gan dr.
INDUSTRIALS ;
Call. Much. 1Êr.) 20.Gen
Cestones 7n.
Comenta tļu.
B.K. Hope 2011.
STORES. Eir. Dairy Farm zužb, 38/88jım, Watums 40A.
I. Crawiania (Old) 24a.
(New) Ran. Bincere 5.29.
China "Emporium Db. Sun Co., Ltd. In.
Kwong Bang, Mong 12GE. Win On 1.K.) G. We, Powell, Ltd. jn,
MISCELLANEOUS
Chine Entertainments · 108.. 1.K. Constructions (Old) an
(New) Ain.
Viben Piles 1840.
semen avaiments 0/-0. Bleraman (F.K.) 3. Shanghai Loan 1.800. Yangisten Si
Ewe Bin.
COTTONG
BURBER, EI, COMPANIES Alma Eatste 14. Anglo-Dutch 391. Anglo-dove 3. Batu Anne $00.
40%.
Bute Maztations £n. Chemore United Cheng Rubbere.2011. Consolidated Rubbers in. Dominion Rubbers In. Langkats In. Bergh Hubbers 30%. Nubber Trusta Sa. Bamagags' Kußbere 381. Beribu Rubburn 25. Shankhai Kodaha in. Shanghai-Halaya 120. Abepadaí Dumatena din. Sunzel Duris 18in. Tanah Meraba .60n. Tabong Rubbers Aŭn. Zlanzbe Rubberm 16.
Competition For Canada'
Industry
Toronto, July 24
The Canadian Texifle Industry is experiencing increased domes- tic and foreign competition due to increased supplies, says W, Q Hicks of Montreal, President of the Silk and Bayon Institute.
Britain concentrating top heavily on textiles when she is camming about half her Canadian dollar income at present through exports of textiles to this mirendy well-supplied market."
"US. producers are uploading,
·'goods · séross the border bécause they are over-supplied and faced with drastically reduced prices," hé added.Associated Press.
The Global Fiset
TO HONOLULU AND SAN FRANCISCO
"Fresident Wilson" "General Gordon"
TO SAN FRANCISCO AND LOS ANGELES
"President.Tafi"
"President Madison"
vla JAPAN
JU
Arr. July ŠI ......... Art.
BAII
Auk. 4
Sali ......
Apr. App. A
via JAPAN
Arr.
Art,
July 27
Sall
July 24 Aug: 10 Sall...... Aug. 11 TO NEW YORK, BALTIMORE & BOSTON
via PACIFIC COAST & PANAMA
"President Flilmore" "President Tyter"
Arr...... Aug. 10 Sail ....... Aug. 11 Arr....... Sept. Sall.............. Sept. 7
ROUND-THE WORLD
VIÀ MANILA, SINGAPORE, COLMBO, KARACHI, SUES
FORT BAID, ALEXANDRIA, NAPLES, MARBRILLES,
GENOA, NEW YORK and BOSTON
"President Monroe"
***
Sall Arr....... July 26
July 2
"President Buchanan" Arr: Aug→ 1 Sail ...... Aug. 11 TO SOERABAJA, BATAVIA & SOENGEI-GERONG
"Fræident Tyler"
"President Grant"
Art. July 30 Arr..... Aug. 20
Opposite Star Ferry.
Sall July 31 Sall...... Aug. 27
Tel. 28172/5,
BEND LINE
BBIT
"BENLOMOND” "BENYORLICH“ *BENREUCH"
BENCLEUCH" “BENCRUACHAN".
►RENALBANACH" *BENNEVIS"
"BENMACDRUI"
"BENVORLICHI" "BENCRUACHAN" "BENREOCH" "BENMACDHUI" "BENALBANACIF"
"BENDORAN" "BENOLEUCH" "BENNEVIS"
*"BENLOMOND"
ARRIVALS
FROM
Japan U.n. via Singapore
— do —
-(Direct)
DUK 26th July, 28th July.
10th Auguust. 15th August.
29th AuguNĀ.
U.K. via Singapore
End August.
do-
End August.,
do
+
SAILINGS
TO
London, Antwerp, Rotterdam, Ham-
burg & Hull
1st half Sept.
LOADING
30th July. End August
Ist half Sept. Mid Sept.
2nd half Sept.
2nd half August, Early Sept.
Liverpool, Glasgow, Dublin, HavIE, Antwerp, Rotterdam Early October.
& Hamburg.
•
Genos, London, Ant- werp, Bolterdam, 27th July." Hamburg, full ✯ Lelth
vin Malaya, Colombo, Aden, Port Sudan and other way porta. !
↑ Accepts cargo for Japan.
Calli at Glenną.
miia Hamburg, calls at Leith.
t Calis, at Jeddah
For Further Particulars, Apply To...--
W. R. LOXLEY & CO. (CHINA) LTD.
York Hallding.
Agents
Telephone: BAINS.
THE EAST ASIATIC CO., LTD.
OF COPENHAGEN .
M.S. "MONGOLIA"
LOADING ABOUT 18th AUGUST
for
ADEN, PORT SAID, GENOA, ANTWERP, ROTTERDAM, BAMBURG, OSLO, GOTHENBURG AND COPENHAGEN, Tanks available for the carriage of all in baik.
IC CO., LTD.
THE EAST ASIATIC CO. L
Queen's Bldg., 2nd floor.
Tel.-34111 ' ̈° 34112
KLAVENESS LINE!
SAILINGS
Direct to Los Angeles, in 16 days Themon San Francisco, Vancouver, Seattle & Portland
Loading 29th July
German Machine M.S. “CASTLEVILLE”
Used In U.S..
Oakland, Call, July 24..
·Machinery, Tram Trollkan, Gier-
is being used, to pro grado aluminigafti folk at:
ARRIVALS FROM PACIFIC CO MS: "BOUGAINVILLE" M.S. "SUNNYVILLE
Salling to Singapore, Fort Bwet
Penang, Relawan & Batavis
M.S: "BOUGAINVILLE
Freight Agents, FOOK FING