THE CHINA MAIL, FRIDAY, FEBRUARY 3, 1950,
ROYAL
INTEROCIAN LINES
SINGAPORE, JAVA
PORTS and
MACASSAR
"TJITJALENGKA" "VAN HEUTBZ"*
"TJIBADAK”.
"TJIBADANE”
• Only
to Singapore, Penang, Balawan Dell,
-MANILA-EAST-&- SOUTH AFRICA & SOUTH AMERICA
ARRIVALS SAILINGS
in Pert
1st Feb.
18th Feb.
7th Feb. 3rd Feb.
21st Feb.
"RUYO"
#STRAAT MALAKKA”
2int Fab.
"BOISSEVAIN”
17th Man
23rd Feb.
3rd Apr
JAPAN.
"RUYS"
"STRAAT MALAKKA"
"BOISSEVAIN"
FINANCE
AND
COMMERCE
EUROPE TO REDUCE New York QUOTA ON IMPORTS
Hong Kong Stock Exchange
The Market was brighter yes- terday, there being more enquiries ted by the "hardy annuals."
22nd Feb.
1st Apr.
8th Feb. 23rd Feb. 19th Mar,
4
Agants: HOLLAND—EAST ASIA LINE
EUROPE via MANILA
and MALAYA
"LANGLEESCOT"
"HEEMSKERK"
in Port
ARRIVALS SAILINGS 12th Fab. Fato Fob.
Through / feed
to
Mediterranean and Northern
European porte.
JAPAN
"LANGLEEBCOT"
"HEEMSKERK"
12th Feb, 21st Feb.
11th Feb.
FAKING'S BUILDING;= FELEPHONESS-2805 180 128017:
AGENTS; 12, CONNAUGIER WOND
C. Bis 21%, 29931
OCEAN AGENCIES, LTD.
FAR EAST SERVICE
Loan 101ib.
| 31% Loan (1934 & 1940) 100n.
| 30% Loan (1948) 1008.
BANKS
H.K. & S. Bonk
1403A0.
1480b,
(Lun. Reg.) £85n. Chartered Bank £10 9/16n. Mercantile Bk. £23n. Bank of East Asin 112n.
INSURANCES Canton us. 305b..
Union Ins. $23b, 635sa. China, Underwriters 5n. H.K. Fire Ins. 205b.
SHIPPING
Douginses 200n.
ILK. & M. Steamboats (in. *ndo-Chinas (Pref) 89jn.
(Del.) 200.
Shells (Beurer) 65/7in.
U. Waterboats 270.
Asla Nav. 150.
Paris, Fobruary` 1.
The 18-nation Governing, Council of the OEEC (Organisation for European Economic Co- Operation) today agreed on a 60 per cent relaxation of import quotas in member coun- tries by July 1, according to delegation sources here. The Ministers, who sit on the Council, were meet- ing in a closed session to consider the Or- ganisation's second Interim report-a massive document on which the Recovery Programme experts had worked round the clock for several
Mr. Paul Hoffman, American Economic Co-Operation Ad- ministrator, who later joined
HK AGREED
the Ministers, told them that he MERCHANT RATES
economic Maximum folilny.
Starting
was disappointed with the pro- 1500s, gress made in the
integration of Europe.
The Economic Co-Operation Administration (ECA) would sup- port those countries which made а a really aggressive effort towards Integration, he said.
Docks, Wharvoa, Gódowne, Etc. H.K. & K. Wharves 110s.
North Point Wharves 50, 550. Sh. Hongkew Wharves 16n. 1.K. Docks 17b.
Mr. Hoffman has intervened in debates both at Council and Con- sultative group meetings during the last week.
The leaders of several delega- tions said his tone throughout was mild and very helpful. They ap- preciated his recognition of the important progress ülready made.
U.S. tariffs
1/2 1/8
Minimum Duying.
1/2 11/22 T.T": 1/ O.D.
1/8 1/32 20 ilus.
1/# 1/1440 à 99 daya,
1/38/32 120 days.
Blacting (a
1/2 7/8
& Africa)
Sterling (w
1/2 1/8
1/0 1/10 O.D. If under
L/Credit. 1 1/8 OD. Without
L/Credit 1/22nd up every
30 LATE. Atries & W Undies) 1
A 1/4 0.b. If under
1/Credit. 1/35/16 O.D. withoul
1./Credil. 1/32nd up every
30 days"
Mr. Hoffman told one session that there was a feeling in the Hapers (India) United States of need for greater' Imports from Europe and that
important organisations be-|·
that there should be a
#2 9/10
change in tariffs, according to a Rupees (Adan);
Providents 11.30b, 11/11isu. delegate, Ministers said they op-
Shanghai Dockyards 73n. Wheelocks 201.
MINING
Haub Mines in.
1.K. Mines .012n.
Lands, Hotels & Bidge.
H. & S. Hotels 11.30b, 11.60s,
JL.K. Lands 48b, 408.
Shanghai Lands 2.10n.
Humphreys 101.
LR. Realties 2n.
Chinese Estates 130n.
PUBLIC UTILITIES.
preciated the Netherlands Gov- crnment's generosity in sparing
#2 9/16
** D/16 T.T.
81 18/16 0.1).
83 15/14 7 & 30 days.
* 1/10 ko saya,
14 3/10 90 days,
13/16 O.D. if under
54 3/16 D.D. without
L/Credit.
Credit.
Mr. D.U. Sikker for the OEEC Hunt (Rangoon); Job in addition to his duties as Foreign Minister.
92 0/15
118.more
Mr. Sukker is likely to have a nore or less free hand.
ILK. Tramways 15b, 1518, 14j/-
13.20BU.
S.S. “LAKE SHAWNIGAN" Peak Trams (Old) 18n.
LOADING for MANILA and CEBU
On 5th February
Agents:
THE HONG KONG EASTERN SHIPPING CO., LTD.
Room 23, French Bank Building, 2nd Floor, Telephones: 32309 & 38861
BURNS PHILP
LINE
M.V. "MERKUR"
Loads 11th February
FOR MADANG, LAE, RABAÚL, PORT MORESBY SYDNEY AND MELBOURNE
Sails 14th February
For Freight and Passenger bookings Apply
GIBB, LIVINGSTON & CO., LTD.
P. & O. Building,
Tel. 30327,
DE LA RAMA LINES
ARRIVED FROM U.S. ATLANTIC COAST VIA LOS ANGELES & SAN FRANCISCO
M.V. “HALLAND"
In: Port
BUTTERFIELD & SWIRE
Talk:30331
(New) Din Stor Ferrica vin.
83 3/4 T.T.
* O.D.
(6 1/8 7 a 30 dayu,
1 1/4 40-days,
88 90 days,
The Organisation has hardly at- [ tempted to define his functions or Rupees (Pakistan) powers,
57 1/4-
Bir Stafford Cripps, the Dri- tish Chancellor of the the Ex- Malays chequer, deplored Prusa reporta
$2 7/8
of differences between membar nations at today's meeting, ac- cording to some delegates.
U.. Belaru
17 B/10
Gold payments
British offelals said that Ameri-
19
Australia
1/11/2
C. Lights (Old) 11.30b, 11.703, can Press reports of sharp diver- Canada:
11.10/11150.
gencies between Mr. Hoffman and Sir Stafford on the contemplated European clearing union were basically untrue.
} (New) 83b, 8.40/.7050. II.K. Electrics 288, 2016, 28.80/-
2950.
dacao Electrica 235. Sandakan Lights in. Telephones 1815.
Shanghal Gas lin.
INDUSTRIALS
Cald. Macg. (Ord.) 28in.
Canton Ices Jin.
Cements_2410..
H.K. Ropes 15in.
STORES 40.
L. Crawfords 181b, 193.
New Zealand
1/2 7/M
AT 16/16 T.T.
I OD.
1/30 û0 days,
12 2/1 T.T. & O.D. 51 1/3 30 days, 52 0/14 40 days,
17 1/2 TT. & Q.D.
17 0/18 10 days.
17 578 50 à 20 dașa,
19 1/4 T.T. & 0.0.
1/8 15/18 T.T. 1/8 1/8, 0.D.
1/3 1/8 T.T. - 1/3 1/16 O.D.
Mr. Hoffman, it is stated, bas not raised objections but i con- cerned only with a clear appraisal Hurling selling rated for delivery within
of the scheme which he will sub-two months with a cut of 1/32 for every
mit to Congress with the demand further three months forward.
for funds for 1050-51 later this month.
Sir Stafford, who called for a new-payments arrangement-at-the carliest possible moment, has told
Money Market
Stock Exchange
New York, February 1. The stock market closed on the downgrade tɔday as profit-taking followed an early advance. Some steels, which surged ahead the tapering, finished with minor losses. Turnover was about 1,- 700,000 sharce. Gainers includ- ed General Motors, Goodrich, U.S. Rubber, Admiral Corpara- tion. Dow Chemicals and Western Union.
AMERICAN?: PRESIDENT LINES
The Robel Plast
TO HONOLULU & SAN FRANCISCO vid JAPAN
"General Gordon” "President Cleveland” ...... "President Wilson"
.In Fort Arr. Feb, 25 Arr. Mar. 10
Sails Feb, Salls Feb. 28
Salls Mar. F
TO SAN FRANCISCO & LOS ANGELES
via JAPAN "President McKinley ......Arr. Feb. 14
President. „Taft!
Arr. Feb. 28
Sails Feb.15
Sails Feb. 27.
TO NEW YORK, BALTIMORE & BOSTON viɑ PACIFIC COAST & PANAMA
"President Grant” '- "Marine Snapper"
--
·Sails Fob, · · 10 -- --- Sails Mar. 20
Arr. Feb. .Arr. Mar. 19 ROUND THE WORLD Fostman Kodak and American NGAPORE COLOMBO, KARACHI BULK”
Lower were Douglas Aircraft,
Wool.
Dow Jones closing averages; Sticks 73.99; Industrials 201,80;|
Rails 64.59; Utilities 42.18. Closing prices:
Adams Express 211⁄2 Alaska Juneau 3 American Caa 110
Smelling 55 Telephone 149 Tobacco 75 Waterworks 8%
11
Anaconda Copper 294% · Aviation Corp. 7 Baldwin Locomotive 12 Barnsdall 50
Bendix Aviation 37% Bethlehem Steel 33% Being Aircraft 25% Borden Co. 50 Canadian Pacific 15 3. I. Case 40% Chrysler 64% Colgate 4814 Commercial.
་
Solvents 10%
Com Products 70% Du Pont 024
Eastman Kodak 40% General Electric 44% Motors 73%
Goodrich 7514 Goodycar 47
Homestake Mining 40 International Harvester 27%
Paper 354
Tel & Tel 12
Johns Manville 4714 Kennecott Copper 34 Montgomery Ward 57 National Distillers 22%
Load - 98%%
New York Central 12% Packard Motors 4% Pan American Airways D Pennsylvania RA 17% Radio Corp. 14
Real 8k 12%
Remington Rand 12 Republle Steel 25 Reynolds Tobacco 39% Schenley 3234
Southern Paciile 51% Standard Brands 22%
Oll of Calif. 83% Oil of
of N. J. 68% Studebaker 27% Union Bag 28
Carbide 44%
US Rubber 41% -
Steel 29%
Lines 17%
Westinghouse 32% Selected rail
, US dollars recovered from their the
rail lines edged up in market: corporate bond"
the Organisation that Britain is fell yesterday and were back to Higher in the Curb were Ford anxious that gold payments under HK$6.83; in the tafternoon, after Motor of Canada, Barium Steel the scheme should start as late as opening at $6.33. The closing rate and Niagara Hudson Power-As-. possible.
sociated Press.
Dairy Farms 418.
Watsons 471b, 479xa.
was $0.35.
Sinceres 3.80b.
China Emporium 106.
+
Sun Co., Ltd. 2.55n.
Britain also wants existing bila- teral agreements to remain in
Kwong Sang Hong 105sa.
Wing On (H.K.) ·8źn.
Wm. Powell, Ltd.- 9¡n.
MISCELLANEOUS China Entertainments 106n. H.K. Const(0) 2.401.
"
(N)
Vibro Pilings 15n.
Marsman, Investments 0/-n
Marsman, (H.K.) 75n.
Shanghal Loan 1.330n.
Yangiszes 4in.
Ewos is.
COTTONS
RUBBER, eto. COMPANIES. Alma Estates 16.-n.
Anglo-Dutch .30.
Anglo-Javas 10.
Batu Anama
201
Bute Plantations .40n.
Chemor United 20m. Cheng Rubbers 10n. Consolidated Rubbers 1n. Deminion Rubbers in. Langkats in.
Repoh Rubbera .15n. Rubber Trusts 38. Sainagoga Rubbers .60b. Semambu Rubbers .15. Shanghai Kedahs 12jn. Shanghai-Malaya 12.-n. Shanghai Pahang .25n. Shanghai Sumatras in. Sungel Thuris 19 n. Tenah Morahs 1500. Tebong Rubbers 20n. Zlangbe Rubbers In.
W
force-Reuter.
DUTCH-ISRAEL AGREEMENT
The Hague, February 1., Agreement has been reached here on trade relations between the Netherlands and Israel for
an interim period of six months unit the new 'trade agreement comes
next.
TT was put through from HK$ 0.37% to $8.40.
Sterling opened at HK$15.33 and closed at $15.32.
Australian pounds were un-i changed at HK$13,05.
Plastres remained
nominal at
HK$12.05 a 100.
There was no change in Ticals at HK$28.50 a 100.
NEI Guilders dropped 10 cents to HK$22.60 & 100.
PAKISTAN'S NEW TRADE PACTS
Karachi, February 1. Pakistan is to send. to Western
into force on August 1 Germany $42,140,000 worth of
NY RUBBER
New York, February 1. Crude rubber number one fu
tures closes closed 14 to 35 higher. Sales were 320 contracts.
March
19.20 bid
-May
July
September
18.58
18.20 17.93-18.05 Spot No. 1 ribbed smoked sheets 18-3/4 nominal. Associated Press.
SHIP MOVEMENTS
San Francisco, February 1. Ships sailed, Lawak for Chile. Seattle, Ships arrived, Colorado Yokohama, — Associated
raw products in exchango for German machinery, Iron and During these six months the steel, chemicals and finished goods from Netherlands will export to Israel under a trade agreement which Press. goods worth £700,000 in return comes into effect immediately. for as much Israel produce as
agreement, can be exported to Holland lately. Czechoslovakia will sup
takes effect imma- which also within that amount.
Under another
The Dutch exports will be ply Pakistan with a long list of mainly agricultural produce, fish manufactured articles in return chemical goods, electro-technical for her raw products.
Under the German ́ agreement, apparatus, metals and timber
which Lasts uintil. June, 1950. goods
Israel will send chiefly fruh Pakistan will send $21,000,000 juices, wine, agricultural producs of wheat, $10,000,000 of raw cot- jute hides ton, $7,500,000 raw and various industrial products,
Textile goods from both coun- and akins, drugs, cils and
NOTICE TO CONSIGNEES
CIE DES MESSAGERIER
MARITIMES
Condom per Company's
20. “EPINAL",
trics
are also included in the animal by-products and chro- & Kevisor, Wharf." & agreement, subject to later une mlum ore-feuter. derstanding.—Router.
STATES MARINE LINES
FÅR EAST SERVICE
FROM U.S.A. PORTS
S.S «F. J. LUCKENBACH”
Dua 14th February.
GOURLIE & CO., (H.K.) LTD.
are hereby motifed that their cargo iz KARE being dischargid' Ihta' the = 'Heng Gedown kodawn," where (t will be at Corislavons `răk and ‚mbject', to the Whart's Sorme and conditionsa af sjurura, "and wher | delivery may be whiained as quen ne the
'gvida" are landet...
NOTICE TO CONSIGNEES
a. "NORLANDA”
- Domorod paskaga'aru, in be left in Consigncos are hereby the Godawns for stamination by Con notified that capiloned, vessel bigtoon and; the' Company's | VErrezero, Movers, faldari & Dengita si 10 am: Is due in this port February | 28 Tuesday, 111k, Fokrusty 11. 1, 1950,
Te ́comply with jho General Bonded All cargo will be delivered || Wärskenik, Rogstations, Couslynom must {overside": "to lighters at Stona“ | have a Kerouse Olur | In sliondance cutters Dangerous Goods An- when... danausé dužlable ; rindu ? are
yxamined. N chorage. Where consignées do
VIA MANILA,
PORT SAID, ALEXANDRIA, NAPLES. MARSEILLES, GENOA, NEW YORK and BOSTON
Arr. Feb. "Willamette Victory"
..Arr. Feb. 20 "Prealdent Polk"
4
Salls Feb. 6
Salls Fob. 22
TO JAVA & STRAITS
"Marine Snapper"
.Arr. Feb. 10
Tel: 28172/5
Sails Feb. 11
BEN LINE
SHID "BENALDER" "BENMHOR" "BENAVON" "BENALBANACH" "BENVENUE" "BENVANNOCH" "BENLAWERS" *"DENLEOP
"BENNATOW"
"BENALDER" "BENNATOW"
"BENMHOR" "BENYANNOCH"
"BENAVON" "BENVSNUE"
"BENLAWERB”
FAR EAST
ARRIVALS
#ROM
FROM THE
DUS
U.K. vía Singapore.
on or abt. 10th Feb.
18th Feb.
26th Feb.
28th Feb.
12th Mar.
20th Mary
27th Mar.
7th Apr.
12th Apr.
SAILINGS
Loading on or abt.
London, Antwerp, Hamburg Rotterdam,
18th Feb.
16th.Apr.
10th Wetz
24th Mar.
Liverpool,
Ginsgow,
28th Feb.
Dublin, Havre
and
16th Mar. |
Antwerp.
30th Mar.
▲ Hull.
Сепол,
London,
Avonmouth, Rotterdam,
Hamburg & Hall,
Via Majaya, Colombo, Aden, and Suez Canal,
* Accepts Cargo for Keelung and Japan.
*Accepts Cargo for Part Budan.
For Further Particulars, Apply To---
--W.-R.-LOXLEY & CO. (CHINA) LTD._[_
York Building.
Agents
Teispheno: 24168.
THE EAST ASIATIC CO., LTD.
M.S. “MONGOLIA’
LOADING ABOUT 10th FEBRUARY:
for
ADEN, POET SAID, GENOA, ANTWERP, BOTTERDAM, HASIBURG, OSLO. GOTHENBURG & COPENHAGEN
Tanks available for the carriage of oil in bulk Limited passenger accommodation available, THE EAST ASIATIC CO., LTD.
Queen's Bldg., 2nd floor."
Tel. 34111 & 34112.
KLAVENESS LINE
SAILINGS
Direct to Los Angeles, In 16 days Thence San Francisco, Vancouver, Seattle & Portland
M.S. "FRANCISVILLE" M.S. "CASTLEVILLE
www.+ 28th Feb. KUNDEROBOTh Mar.
ARRIVALS FROM PACIFIC COAST
not provide their own lightTM|| Neelatus will be admitted ation, the M.S. "CASTLEVILLE” ers, the "Carrier resarvas" the awda have left the stormer's exlonna M.S. “"BOUGAINVILLE right to discharge into lighters fter, 10h. Tabvaary-1980) will be #kjuci ondƐall "gioda - remaining, - ukilalivorné provided by the Agent, all ex- Le roma: {"
ponses, demurrage,, etc., to be
account cargo
Optional cargo will not be betwe "UM TEGE
discharged hero unless
has been given or
Vesselälarriv
24th
Salling to
M.S. "CASTLEVILL
Balk Qli Tankı
TD.