Paky 12
ROYAL
E INTEROCEAN
LINES
JAYA PORTS and MACASSAR
SAILINGS
"TJISADANE"
"TJITJALENGKA”
.lat Oct.
MANILA
SAILINGS
TJISADANE"
"STRAAT MALAKKA”
*BOISSEVAIN"
"STRAAT SOENDA"
22nd Sept.
7th Oct.
5th Nov.
30th Nov.
ARRIVALS
17th Sept. 30th Sept, j
ARRIVALS
25th Sept. 18th Oct.
SINGAPORE, PENANG and BELAWAN DELI
"VAN HEUTSZ"
"VAN RIEMSDIJK"
SAILINGS
ARRIVALS
· THE "CHINA 'A JL. FRIDAY, SEPTEMBER
1049.
FINANCE AND
COMMERCE
ON
SURPRISE MOVE
PRICE ISSUE
GOLD PRICE
Hong Kong Stock Exchange
Washington, September 14.
South Africa, in a surprise move, withdraw today her motion before the Gold Committae of the International Monetary Fúrid võéking' pormis- sion to sell half her gold production in a frob market..
South Africa can raise the, question again before the Board of Governors during their present annual meeting which ends on Friday.
The Market is steady, though Director of the Fund, told re-
1.K. GOVT. LOANA
19th Sept. 3rd Oct.
on the qulet aide.
19th Oct.
29th Sept.
13th Oct..
4 Loan 100b.
"VAN HEUTSZ"
EAST & SOUTH AFRICA & SOUTH AMERICA
SAILINGS
ARRIVALS
"TJISADANE
22nd Sept.
"
"STRAAT MALAKKA"
7th Oct.
"BOISSEVAIN"
5th Nov.
30th Nov.
"STRAAT SOENDA"
28th Sept. 18th Oct.
* not proceeding beyond South Africa, Calling at Mombasa & L. Marques Direct. Transhipment cargo nccepted on througÈ› Bx/L to
Dar-Es-Salaam and Zanzibar.
"TJIMENTENG***
STRAAT MALAKKA"
"BOISSEVAIN"
"STRAAT SOENDA"
JAPAN
SAILINGS
17th Sept 22nd Sept. 29th Sept. 20th Det.
* no passenger accommodation.
35 Leman (1938 8, 1940) [DED. 345 Lán (1845) 141*5#.
ΠΑΝΤΑ
K. & Rank 14250, 160mA....
(on. Kr.), Chartered tank £10 7/10m. Morchelle Bauk A. Q:D. £?».
ink of Fiant Aala 1,43,
INSURANCE# Cola Ina, 10n.
nion I. 0055, 015«, Chinn Underwriters bijn, 1.K. Fire In, 220,
BRIPPLXG
DougInnes 2005.
H.K. M. Arambate 27 Itulo Chians (Pref. 94.
(Del.) 2008.
Shells (varer) 700
DOCKS, WHARVES, CODOWNS. Ete.
PT.K.K, Wharton 102,
Unkon Waterbonia 01. Asia Nav. kn.
ARRIVALS
5th Oct. 11th Ort.
29th Oct.
Agents: HOLLAND-EAST ASIA LINE
EUROPE via MANILA and MALAYA
"MARIEKERK"
"MOLENKEKA"
SAILINGS
End Sept.
. End Oct.
ARRIVALS
Early Oct.
Transhipment cargo accepted on through Bs./L to Indio, Mediterranean and Northern European ports.
"MARIEKERK”
"MOLENKERK"
JAPAN
SAILINGS
ARRIVALS
Early Oct.
End Sept. End Oct.
KING'S BUILDING: TELS: 28015 to 28017 CHINIGE ABENTS: 82. Connau Ro. C. Trus: 31196-25133
DE LA RAMA LINES
ARRIVING FROM U.S: ATLANTIC COAST VIA LOS ANGELES & SAN FRANCISCO
m.y. "BENARËS”
B.S. "DONA AURORA"
SAILING FOR U.S. ATLANTIC COAST VIA LOS ANGELES
m.y. "HALLAND"
4.5. "DONA AURORA”
.In Port Mid Oct.
21st Sept.
Mid Oct.
THE DE LA RAMA STEAMSHIP CO., INC.
(Incorporated in the Philippines)
MARINA HOUSE
Tels. 23670-22875
CHINESE SHIPPING OFFICE Tels. 23798-20153
THE SWEDISH EAST ASIA CO., LTD.
M.V. "BENARES"
SAILING 17th SEPTEMBER
FOR.
ADEN, PORT SAID, GENOA, MARSEILLES,
CASABLANCA, ANTWERP, ROTTERDAM (AMSTERDAM),
- HAMBURG, COPENHAGEN, OSLO & GOTHENBURG
TWO DEEPTANKS OIL CAPACITY
480 TONS EACH
GILMAN & CO., LTD.
Tel. 31140.
ISBRANDTSEN
Isbrandtsen Company Inc.
26 Broadway.
New York 4, N.Y,
· VAR EAST • STRAITS • INDIA PERSIAN GULF • MEDITERRANEAN
U.K. CONTINEŃŹ-*, W., INDIES 8. AMERICA
STEAMSHIP DIVISION
1. 5. “FLYING TRADER"
FROM
Manila
SAILS FOR
+
Pusan, Japan, Due Sept. 19. San Francisco
A. P. PATTISON
GENERAL AGENTS:
& New York
via Panama,
Sept. 20
CO.
INT, CHINA, PORNORA, KOREA, JAPAN
HONGKONG
12-14, QUEEN'S ROAD CENTRAL, 4th Boor, TEL: 23140 Chindes Agents LAM KÉR SHIPPING CO. -20 Connaught Road, C. Tel. 24639,-
North Paint Whares Sh
inalangkow Wharves 14r.
IT.K. Dock 2015m..
China Providenia: 13,108, Shanghai Dockyangla 9141. Wheelock 2, . MININO
Paul Mini 47%.
H.K. Mie Glyn,
LANDS, 110TKIA & ALDNA,
IT. 8. Botein 10.205, 191 JB.X., Landų, 40, 450, Shnorhai Lanka 20. stumwhere 303 p
1.K. Hattie X.D. 1.90. Chitice Estates 101n.,
PUBLIC UTILITIES 1.K, Tramways 10.40w: Peak Trains (Qld) 18n.,
(New) 100.
Far Ferries 13.
f. Light (old 115, 71.30.
(New) 1.0, 8.40%.
K. Electrics 30% L. 32, 1. Mardo Eletrics 2018. Handakats Lights 84n.
Telephones 10,208, 19.80m, 19 km, Shangtial Gas 2
INDUSTRIAES
Chi, M. (Grd.) 28.00p,
Canton Ters 7.
Comenta
11.K, Rope 11,50
STORES. Ek.
Dairy Farms 37b, 37.
Watsons 4u, 191⁄21⁄2za.
L. Crawford 170.
· Rinceres 41⁄2n.
China Empurien .
Bun Co. Ltd. So.
Kwong Sang Jung 182.
Wink On K.) 8. Wm. Powell, Ltd. 9.
MISCELLANEOUS China Enieriainmenta - 20m. 1.K. Constructions (010) 2.100.
(New) En. Vibra Pillage 15. Maren Juvestments 3/11. Matman (RK., 2n. Hhangbal Loan 1.800.
Yener 3.
Ewon 4.10.
COTTONS
KUDDER, Pie., COMPANIES Alma Estates 140, Anglo-Dutch .300. Anglo-Jaras in
Batu Anum .40.
Bute Pantallona 2n, Chemore Untied 40. Cheng Rubber .20. Consolidaird Itubbers 1, Duminion Tubber in. Langkatan. Repsh Rubbera 10. Rubber Trunte Be Sameras Hubber Bemambu Rubbers 250, Muthal Kedahs It. Shanghai-Malaya 13. Shotchal Bumaten 1, Bungel Duela 185 m.
Tanah Merah .60m,
N$n,
Tebong Rubbers 40%. Zianabe Rubbers in.
:15
M. Camille Gutt, Managing porters after today'd meeting of the Gold Committee that Mr. N. C. Ilavenga, the South African. Finance Minister, had withdrawn his motion.
This motion sought to allev the sale of half the gold produc-
member tion of
countries Al Higher prices than the fixed rate of $35 an ounce.
U.S. Steel. Agrees To Bargain
Pittsburgh, September 15, Big steel agreed today to re- sume bargaining with the Con gress of Industrial Organisations United Steelworkers without com- itself on the Presidential
formula
Kor peace in America's basic industry.
Tho Kiant United States Steel
ion joined Corporation Laughlin and Republic in consent-
Jone
and
He said that Mr. Havenga
his motion on withdrew
thr grounds that it was too narrow.
Mr. Gutt said that the South African Minister had explained to the Committee that his main purpose in introducing the mo- tion was to increase the price of gold generally but that this could not be aehloved by his motioning to negotiating a new. U.S. will M. Gutt said that the discuss Steel is the industry's bellwether. followed exactly the same Its action means the others pattern
as at the meeting of fall in line.
A US$1,000,000,000 rally in the Governors
yesterday when
Wall the stock market wak South African proposal was imm-
to Monday's mediately opposed by the United Street's response Stales Secretary, of the Treasury, acceptance of the no wage ralpo formula by the steelworkers' Mr. John Snyder.
union. Steels led the rally.,
Asked
U. S. Steel's step meant acceptance of the Pre- Board recommendations, sidential a spokesman replied: "I wouldn't think so."
Pressure Group At Work
M. Gutt skid Mr. Havengal explained that he did not want the subject of an Ingressed gold price to be decided at once, but he would prefer it to be réfor red to the Board of Executive Directors of tha
Big steel's move came coveral in the hours after President Truman op- developments plauded
*
wased that steel situation. The strike trucei
Before It was
boen
South Africa had withdrawn its expiring. at midnight had motion, it was reported from extended 11 days unith September 25 at Mr. Truman's request and Washington that observers there believed that South Africa would U.S. Steel's production returned
to normal.-Associated Press. fall in her bid for a a relaxation
ported to
of the International Monetary Fund's fixed gold price, though American mine owners were re- to be planning a pressure group for a higher price level.
The United States was not ex- pected to agree to any change in of $35 an ounce the pre-war however persuasive, South Afri- ca's arguments might be.
rate
U.S. Buys Less And
Sells More
Washington, September 14. The United States bought In spite of the American of-
attitude, United States gold Jess and sold more to the world producers, who dig. 1,500,000 in the second quarter of this ounces a year, saw Mr. Havengo year than she did in the first here yesterday. They were re-quarter, Department of Com- ported to have told him that the merce figures showed today. intend to organise a pressure group to influence United States legislation for a higher price.
She bought $80,000,000 worth of goods less from the Sterling Area and sold $88,000,000 worth
1:10TC+
New York Stock Exchange
lower on
New York, September 15, The stock market ended a little Wednesday after an early, rally failed to hold, Trad- ing was at the rate of more than one of the 1.700,00 shares, The market
unable to heaviest sessions this year. carry through on the bread Tues- day advance. Leaders, rostly
tlownside, on the
spread put over a range that went as much ns a point either wayang
Pl Views
The total adverse balance of The Philippine delegation trade of the Sterling Area rote headed by the Central Bank by $174,000,000, chairman, Miguel Cuerderno, Buying from Sterling Area tell
In the first! felt it useless press the matter from $534,000,000
in the $446,000,000 further in view of the obvious quarter to intention of more powerful mem-second quarter, the Department's Business Economics bere, such as the United States, Office of to fight the gold price increase. reported.
the whole world Over the Mr. Cuerdarno told United Press later that the at- United States cut its buying by and thereased the titude of the Fund on the gold $187,000,000 question was act forth early sale of its own goods in foreign in the Fund's annual report. markets by $254,000,000-Reuter. The Fund's attitude is against an Increase in gold prices, he wald.
the
RUBBER PRICES NOT AFFECTED
But, he said, the South African delogate and he himself consider- ed the idea of full study of the
something question as
which
Colombo, September 15. might have long-range bencdis
The decision of the U.S. and for gold-producing areas such as Canada in Washington to buy South Africa and the Philippines. more rubber for stockpiling pur- However, he said, the United poses has had no appreciable Kingdom representatives sought effect on local rubber prices.
Mr. H. W. A to refer the gold question to the
Cey in executive directors
terms lon's Commerce
aald MONEY MARKET which would be to restrictive as that prices would improve only if There was little change in the to struct the directors to dis- US dollar yesterday which open-approve the idea of gold price
United increase. The
States ed at HK$5.61 and closed at incr $5.63%, with an interval at $6.60.1 proposal, broader than the Unit- Kingdom's, Was still, too IT was put through from HKS- ed
restrictive to be of much value 5.01 to
said. Reuter and United Press,
oril
35.02.
Sterling recovered to HK$18.40 he after opening at $16.20.
Australian pounds were Lin- changed at HK$12,20.
Plastres were again stationary:
at HK$12.60 100.
Tienla
were
HK$26.60 100.
unchanged at
NEI Guilders opened at us 25.30 a 100 and closed at $25.80.
UNEMPLOYMENT
IN BRITAIN
London, September 14, The number of unemployed in Britain rose. by 18,000 between July 11 and August 15 to e tots! Minishot pr 281,000, the Labour announced tonight.
This meant that, 1.3
Per cent
of the insured working population were unemployed. A rise in the number of those, leaving
and, Beeking work mocounted for more than half the increasin the unemployed, the Ministry said Router.
Notice To Consignees 9.1. "EUMAEUS” Damaged cargo ex this versel will be surveyed by Messm. Holt's Goddard & Douglas at Wharf from 10 am, on Sep-i tember 17 and 19, 1949, and consignees ar requested to have their representatives present during the survey.
BUTTERFIELD & SWIRE,
Agents.
Hong Kong, Sept. 16, 1949.
Notice To Consigrient
S/S "ULYSSES"
WIN
A little lower were Bethlehera Sicel
Homestake
Mining.
Douglas Electric. On
Standard Oil of N. J. and Westinghouse
the upside were Inion Pacific, Phelps Dodge and Philco.
Dow Jones closing averages; Stocks 05.36.
Industriais 183.14.
Ralts 47.05.
Utilities 37.95. Closing quotations: Adams Express 20% Alaska Juneau 34 American Can 95 American Smoiting 48% American Telephone 143 American Tobacco 72k, American Waterworks 7 Anaconda Copper 28 Aviation Corp. 5% Baldwin Locomotive 9 Barnsdall 50% Bendix Aviation 30. * Bethlehem Steel, 28 Beding Aircraft 20% Bordon Co. 45 Canadian Pacific 14 1. 1. Саке 39
Chrysler 51
Colgate 39
Commercial Solvents 18%, Con Products 63
Du Pont 524
Eastman Kodak 42%
General Electric 38
General Motors 03
Goodrich 03
Goodyear 38%
Homestar Mining 12 International Harvester 284 International Paper 50% International Tel & Tel 0 Johns Manville 48% Kennecott Copper 4714 Montgomery Ward 53% National Distillers 20% National Lead 32% New York Central 10% Packard Motors 4 Pan American Airways 8% Pennsylvania RR 14% Hadio Corp. 124 Remington Rand 0% Republican Steel 20% Reynolds Tobaced 30% Schenley 29% Bears Keocbuck 41% Shell Oil 37% Sucony Vacuum 17% Southern Pacife 40% Standard Brands 21 Standard Oil of Cal, 894
·Standard Oil of N. J. 71% Studebaker 22%
Union Bag 25% Union Carbide 40 US Rubber
33% US Steel 231% US Lines 15 Westinghouse 25%
{
Youngstown Sheet & Tub. 009, Gen. Pub. Utilities 14%.
Associated Press.
NY RUBBER
New York, September 14. Crude rubber No. 1 futures closed 32 to 40 lower. Sales 125 contracts.
September 18,40
December 17.80-85. March 17.52-93.
smoked
Spot No. 1 ribbed sheets 18.13-Associated Press,
Notice To Consignees
CIE DES MESSAGERIES
MARITIMES
.
Consignees per Company's M/V "LA MARSEILLAISE" competition from other countries are hereby notified that their for Ceylon rubber becomes keth cargo is being discharged into The Prime Minister, Mr. D. S. the Hong Kong & Kowloon Senanayake, sald the Washington Wharf & Godown Co.'s go- decision was not sufficient gus down, where it will be at rantee to warrant re-introduction
Consignees risk and subject of a wages board for the rubber to the Wharf's terms and con- Industry Associated Press.
ditions of storage, and where delivery may be obtained b Notice To Consignees roon as the goods are Talded. Damaged packages afe to be left in the dodowns for exam- ination by Consignees and the Company's surveyors, Mesars: Goddard & Doughs at 10 a.rp. on Friday, September 18, 1949. Damaged cargo ex, this To comply with the Général vessel will be surveyed in the Bonded Warehouse Regulations premises of the Hong Kong Consignees must have a Re- & Kowloon Wharf & Godown venue Olcer in attendance. Co., Ltd, between the hours when damaged dutiable goods of 10 am. on Thursday, Sep-are examined. tember 15, 1949,
No claim will · bé admitted are advised to have their Re after the goods have left the presentatives present during the Survey,
TAKSANG" From HAIPHONG, STRAITS & CALCUTTA arrived September, 9; 1849
Contignees
steamer's godowns, and all goods remaining undelivered Consignees are warned that after September 17, 1949, will claitha for darnage or short-be subject to rent. age may not be accepted if the
All claims against the steam)- Damaged cargo ex this vessel damage is not surveyeder must be presented to the LÖNDON STOCKS wil be surveyed at Holt's Mesars Goddard & Douglas undersigned on or before Og
what between 10 amnd the presence of Consignees bered, or they or not London; Seplæmber (14)
be recognised. British Government bondé noon, on September 17, 1949 Representatives edged lower, but som industrial and consignees are requested pointed time
No Fire Insitance will Be to have their representativer
effected. present during the survey,
wwed", falks,y about
Financial
a BWIRE,
Agents.
15, 1949.
TEMATHESON
CIE, DES
Hon Kont
TO HONOLULU & SAN FRANCISCO
via JAPÁN
"General Gordon"
"President Wilson" "President Cleveland"
Arr. Sept. 20. Arr. Sept. 20 Oct. 15 ...... Art.
Ball Sept. 21
Sall Sopt. 21
Sail Oct. 10
TO SAN FRANCISCO, &' LOS ANGELES vio JAPAN
"President McKinley" "President Taft'
....Arr. Sept. 23 Soll Sept. 24
................ Arr. · Oct.
3 Sall Oct. 4
TO NEW YORK, BALTIMORE & BOSTON vio PACIFIC COAST & PANAMA
"Fresident Grant” "Marine Snapper"
..... Art. Oct. 4 Sall Oct..
Arr, Nov. 1
ROUND THE WORLD
Sall Nov. 2
VIA MANILA, SINGAPORE, COLOMBO, KABACID. SUEZ. PORT SAID, ALEXANDRIA, NAPLES, MARSEILLES, "GENOA, NEW YORK and BOSTON
Sull Setit. 20 Arr. Sept. 18 Arr. Oct.
Sall Oct. 1
"President Jefferson"
"Willamette Victory"
TO JAVA & STRAITS
.. Art. Sept. 23
"Marine Snapper"
Opposito Star Ferry
Sall Sept. 24 Tel. 28172/5.
BEN LINE
SHIF
"BENNEVIS" "BENAVON" *"BENWYVIS" "BENVENUE" "BENLEDI” "DENLAWERS" -"BENRINNES" "BENARTY"
SHIP
BENAVON" "DENVENUE" "BENLEDY" "BENLAWERS"
"BENNEVIS"
"BENWYVIS"
""BENARTY”
"BENKINNES"
FAR LAST
ARRIVALS
FROM U.K. via Singapore U.K. via Singapore
SAILINGS
+ 6 q
ΤΟ
London, Antwerp, Rotterdam, Hoch- burg & full
Liverpool, Glasgow, Dublin, Havre, Antwerp, Rotter
dam & Hamburg.
Genoa, London, Hull & Lolth
DUE
In Port
ath Oct.
15th Oct.
27th Oct.
31st Oct.
18th Nov.
21st Nov.
28th Nov.
LOADING
11th Oct.
* Süth Oct.
5th Nov.
23rd "Nov.
29th Sept. 7th Nov.
20th Dec..
25th Nov.
2
.
via Malaya, Colombo, Aden, Port Sudan & other way pörts.
* Accepts, cargo for Japan.
Omits Hamburg, calls at Genoa.
Omita Hamburg, calls at Leith.
For Further Particulars, Apply To-
W. R. LOXLEY & CO. (CHINA), LTD. Agents
York Building,
Telephone: 34165,
THE EAST ASIATIC CO., LTD.
S.S. "NIKOBAR"
LOADING ABOUT 23rd SEPTEMBER for SAN FRANCISCO, LOS ANGELES, PORTLAND SEATTLE & VANCOUVER
M.S. "MORELIA"
LOADING ABOUT 5th OCTOBER for
¿
ADEN, PORT SAID, ANTWERP, ROTTERDAM, HAMBURG OSLO, GOTHENBURG & COPENHAGEN Tenks available for the carriage of oil in bulk. THE EAST ASIATIC CO., LTD. Queen's Bldg., 2nd floor,
Tel. 34111 & 34112.
KLAVENESS LINE
SAILINGS
Direct to Los Angelet, in 16 days Thence San Francisco, Vancouver, Seattle & Portanú M:S. "SUNNYVILLE":"
Loading 29th Sept ARRIVALS FROM PACIFIC COAST:
M.S. "FRANCISVILLE“ M.S, "CASTLEVILLE”.
Sailing to Singapore, Port Penang, Balawan &.. M.S. "FRANCISVILLE”
HOO FOOK PING King's Bellán
218