Payo 12
THE CHINA MAIL, THURSDAY, MARCH 18, 1950.
FINANCE
AND
COMMERCE
RON1 1N FEROCEAN LINES
SINGAPORÉ, JAVÁ
PORTS and – MACASSAR
"VAN HEUTBZ”* "TJĮPARANE". #TJÍTJALENGKA”
• Orily to Bingporn, Panang Belawan Dall
MANILA, FAST & SOUTH AFRICA &
ARRIVALS SAILINGS
t
10th Mar,
19th Mar,
20th Mar.
18th Mar,
8th Apr.
24th Mar.
10th Apr.
SOUTH AMERICA
"DOISSEVAINI
"STRAAT BOENDA"
16th Apr.
"STRAAT MALAKKA"
"TEGELBERO"
18th May
10th Apr.
4th May
1st June
23rd Mar,
20th Mar.
9th Apr.
20th Mar
17th Apr.
2nd May
31st May
17th May 15th May
JAPAN
"DERLAGE"
"BOISSEVAIN"
"STRAAT BOENDA”
"STRAAT MALAKKA"
"TEGELBERG"
Agents: HOLLAND-EAST ASIA LINE
® EUROPE vi6 MANILA
and MALAYA
"HOOGKERKK
"MEERKERK"
ARRIVALS SAILINGS
In Port early April
81st Mar, surly May
Through B/L
auod to
Moditärranean and Northern
European ports.
JAPAN
"HOOGKERK"
"MEERKERK"
30th Mar. early May
17th Mar.
early April
·KING'S-BILINING: FEJTPHONES: 990B45) TO BROT
CIFONDRE AGENT AUTRES CINNABUHI, HONIE, EN TUIN, Sam, estat,"
DE LA
RAMA LINES
Sailing to Now York, Baltimore, Philadelphia,
Via Japan and Pacific coast ports
M.V. "AJAX”
M.V. "AGAMEMNON”
Arriving via Manila from
20th Mar.
,23rd Apr.
U.S. ATLANTIC & PACIFIC COAST PORTS
M.S. "DONA NATI”
M.V. "BENGAL”
M.S. "DONA ANICETA”
due 26th Mar.
duo 12th Apr. .due 30th Apr.
BUTTERFIELD & SWIRE
Agents
1. Connaught Road, C.
?
Tal. 30331/8
U.S. ORIENT MERCHANT LINE.
ARRIVALS
FROM
SHIP
EL "NORLAGO"
3.R. “ANNITOA"
GALVESTON, EAST COAST/US.A.
1. "VASBIL18"
DUE
Discharging @ Stonecutters,
Abt. 26th Mar. '9th Apr.
W. R. LOXLEY & CO., (CHINA) LTD.
York Building,
Peninsular
AGENTS.
Tol. 34165
& Oriental
STEAM NAVIGATION COMPANY
SAILS:
·R.M.S. “CANTON” NOTICE TO PASSENGERS
BAGGAGE
SATURDAY, the 18th MARCH at 4 P.M. for the United Kingdom via Straits. Colombo, Bombay, Aden and Port Said. ALL passengers baruake must be sent, to
the Hongkong & Kowloon Whart Co.'s Go-. down at No. & Gate, Canton Road Entrance by NOON on FRIDAY, the 17th MARCH. SPECIAL NOTE: With the exception of hand packages çar- Hod by passengers themselves all HAUGAGE münt pass through the Wharf Co.'s Godown for loading on board by ship's wlings only
TONI
Will take place between
and
the 18th
Hong Kong Stock Exchange
The morning was quiet; but whatever small amount of busi- ness was tranancied, the rates showed steadiness,
31.K. GOVT. LOANA
Đi Loan đâ 3% 11934 & 1010) DAL. * Loan (1040) 9811.
BANKA
I.K. & H. Bank 14th,
(hun, Hett.) Man." Chartered Bank 29 18/100, Mercantile Bank A. 1, 2, Dank of Ernst Asin 102,
INSURANCES
Canlaa In Alba
Union Ins, 6ROL, GO China Underwriters Cn. JI,K. Fire Ind. Ex.Div. 210%.
ATIPPING
Douglas 2orn.
H.K. & M. Bleumbezia 110, Indo China (Prot) polyn.
(Det.) Zitin
Shells (Bearer) 01/4151.
Union Waterbənin talán,
Asia Nur. 01.
Green Island Cement Co. general meeting
Mr. W.A. Stewart, chairman of the Board of Direc- tors of the Green Island Cement Company, Limited, announced at the general meeting of shareholders on Tuesday that the company made a net profit of $1,653,796 last your.
The meeling endorsed a pro- posal of the Directors that a dividend of $3 per share, tree of tax on 300,000 shares, be poid.
Iminediately after the general meeting an extraordinary ace ing was hell, at which the share. holder unanimously passed two resolutions:
1.) That the authorised capit». al of the company De herennéd, from $4,000,000 divided into 300,- 000 shares of $10 each (of which 300,000 zhures have been issued) to $10,000,000 by the creation of 500,000 additional shares the nominal value of $10 cach and that the unissued shares of the company's capital be issued ut such line and upon such terms as the Directors think fit.
of
DOCKS WHARVES GOWNS Etc. 27 That It is desirable to
1.K, K. Wherren 105u.
North Point Wharven i
Shangkal Hongkew Wharem 16n. I.K. Dicks TROCK
Chlum Providenta 12366.
Shanghai Dockyanda Gin,
Wheelocks 281, 28an.
Hand Mines
MINING
H.K. Mines dilan.
LANDS, HOTELS & ALDOS. Hotus Ex.lv. 9.301, 9.79. H.K. Læails Ex.Div, 45.100. Shanghal Landa Ligh,
Humplirers Ex.DW. 10n. M.X, Renklem zn.
Chlorer Platen 1300,
PUBLIC UTILITIES
HS. Tramwayu 14.585, 14.39an, Prak Tram (014) 14′′.
(New) 950.
Mar Parle Ex.lv, Alb.
C. Light» (0%) 11.206, 13.40an,
(New) 8% b,-8.zf., B.Com. H.K. Electrics Ex.Div. 20% b, 274
2705.
Macao Electric Con. Handakan .fuht . Telephones 17NA Shanghai Gon 111⁄2n.
INDUSTRIALS Call. Marg, (Ori.) 2n, Cantones in
Cenienda Ex.Nights 12m. 11.K. Napes Ex.Div. 16h.
STORKA, Etc.
Dairy Farms 40%* Watsons Ex.Div., C.Ht«, 49%. 1. Crawfords 211b, 22x. Binzeŕch 3.40b.
Chla Eniporium Ex.Div, 8.100. Hun Co., Ltd. Biju. Kwont Hang Trong sub. Wind On (ILR) | £25. Wm. Powell," Ltd, ein
MISCELLANEOUS
Chino Entertainments 111⁄4s. TI.K. Constriffon (014) 2,490.
(No) 130
Vibro Tilings 1. Maraman busentaments B/-D. Maraman (П.К.) 754. Whamphal Loan 1.300 Ya An.
Ewo SEN.
COTTONS
RUDBER, ele. COMPANIES Almin Estále 15b.
Anglo-Dutch on.
Anglo-Java 1n,
Batu Aname 20. Bute Pastations .GGA.
Chemar United 30.
Chenk Rubber
30.
Consalistel Rubbers
·Dehtinión ·Rubber-10. Lasikate in.
Repab Rubbers On. Rubber Tropta. Da, Bamsunga Nožbem .63b. Bemkambo Rulibaïs 19h. Bhangfal Kidphía 46. Shanghal-Malays IDa. Shanghal Pahang 30. Shanghal Humatran 60n. Eun Mangla 06. Songes Dail
Tanah Meraha "Bib, „G51. Tebong Rubbers 15h Liangbe Müfibers „Sön,
U.S. EXPORTS OF COTTON
Бресл
"IL in dificult, therefore, to make any forecast with reason aulo certainty, but we hope to have our fair share of the trade
shall take and we
every en deavour to maintain ‘and, if pos aible. Ingrove our position," Mr. Stewart declared.
RFC action
tin quotations
on
New York, March 13. The Reconstruction Finance Corporation today withdrew all fixed price quotations for the salo-of-its tin__________
RFC will continue to offer for sale imported brands of tin ac- cepted in U.S. domestle träde as Grade A" at prices which will be subject to adjustment.
Spot tin prices in the private import market last week moved
to
cents per
capitalise the sum of $3,000,000, being part of the undivided pro- fits thu
of company standing to the credit of the reserve fund and accordingly that capital bonus of $3,000,000 Le de clared and that such bonus be applied on behalf of the persons fractionally above the RFC sell-
of 724 who on February 27, 11050, were in price the holders of the 300,000 isaved pound,
New York dealers have com- shares of the company in pay-
unable ment in full for 300,000 shares of plained that they were
Goyeni- compete with the the company of $10 each, and that
ment for in business. RFC's stich 300,000 sharer credited us
ulty pald be accordingly allotted action pins the Agency's price to
In tho that prevalling to such persons in the proportion market.
open of one such share for every one
The International Tin Study the safu 300,000 shares then hield by such persons, respective-t Group is to meet in Paris. next control of y and that the shares so dis- Monday to plan the
the world output' of tin, tributed shall be treated for alt
The Group, made up of dov. purposes as an increase of the
ernment delegations from nations nominal amount of the capital of which produce or usg tin, is 'ex- the company held, by, each sliure- holder and not as income, and that pected to form a control council to allocate production quotas to such shares shall rank for divinations mining, the metal. dend from January 1, 1950.
of
-
Satisfactory year On a proposal of Mr. B. Wong Tape, seconded by Mr. Fung K cheuk, Mr. Li Tre-fong. Sir Ro- bert Ho Tung, Mr. M. W. Turner, Mr. H. R. Cleland, Mr. H. Ka- doorle and Mr. W. A. Stewart were re-elected to the Board of Directors,
In his speech Mr. Stewart, cald the results for the year could not have been achieved without] the whole-hearted co-operation of the stair..
The
Technical experts have been meeting in London for several weeks recently to draft, plans for the contral
council.-Associated Press,
LONDON TIN PRICES BOOM
London, March 14.
A boom in tin futures nar- rowed the gap between spoi current year's trading has and future prices on the Lon- been quite antisfactory. Our bust- don Metal Exchange today to ness is highly competitive and the lowest figure since free because of the distancer-come- dealings were resuined last; tinies very great-from which all year.
our principni materials have to At the day's end there W23 come, we must always be a high-only some 24 difference between cost producer, and we are also quotations for cash metal and largely dependent upon the rate 90-days delivery. The closing of of constructional activity in the the gap between spot and futures Colony.
prices, hitherto unnaturally big, has been a development keenly awaited in London ever since the London Metal Exchange reopened Jast September 15 after many years wartime closure.
JAPAN-KOREA
TRADE PLANS
Tokyo, March 14.
During the past week the gap hap
beon steadily narrowing, but growing demand for future tin!
prices The International Trade and
Bent
soaring today by Industry Ministry today an asked. At the same time coah tin
£5 2s Bd to 2893 bid, 2303 10 nounced measures to increase £1 15 to 396 bid, £598 104 the importation of miccelland ous goods from Koreu under the batter system.
Goods to be imported include laver, dried trepang, beef, pyrite, iron and others.
asked.
Total turnover amounted to 200 tons-Associated Press.
LONDON STOCKS Japan will export as collateral]
London, March 14. goods cherniculs, drugs, printing Humours that Britain's gold ink, dyestufts, bamboo, rayon and dollars reserves are rising products,
medical instruments, encouraged most sections of the glass, celluloid products, pottery, stock exchange today. Small watches, radio sets, ete.
gama were general amonk Gov- The barter system will be im-ernment bonds industrials. "olls plemented through letters of and credit issued simultaneously by released shortly after March 31,
figures on.
mining shares, Oficial reserves will be both sidea-United Press.
Financial Times Index 103,9. Associated Press.
Stock Exchange
Sold
New York Stock Exchange
New York, March 14. The stock market today took the largest step forward in near- ya manth. The rise was order- At the closs ly but persistent. the market, on average, was just a trifle below the highest level In three and a half years,
Individual stocks moved up tractions to around a paint, with
improvement limited to fractions. Transfers, 1,140,009
shares,
The Associated Prena average 'of 80 stocks advanced 1 point to
73.0. The industrial
group spearheaded the rise, with rails. and utilities tied for second place. General Motors stock scored one of its biggest
rising a guins, point Other gainers were U.S. Steel,
Goodyear Ameri- and Texas Company.
Kennecott Copper
„Dow—Josez averages: Stocks 74.00: 20 Industrials 204.50; 15 Rails 1.70; 10 Utilities. 43.11.
Closinging quota
quotations: Adams Express 2
can
Ainska Juneau. American 1134
Can
Smelting 52% Telephone 1407% Tobacco 73 Waterworks 9%
Anaconda Copper 201 Aviation Corp. 4k Baldwin Lodămotive 11% Barnsdall 3014
Bondix Aviation 41% Bethlehem Steel 34%
Aircraft 27%
den Co. 50% Canadian Pacific 14%
J.L.. Case 444
Chrysler 64%
Colgate 40
Commercial Solvent 171⁄4 Corn Products 0814 Du Pont 61%
Eastman Kodak 10%
Gentral Electric 40%
Motors 75%
Goodrich 82% Goodyear 49%
Homestake Mining-45
International Harvester 20
"
Paper 36
Tel & Tel 11 Johns Manville 47% Kennecatt Copper 81% Montgomery Ward 554
23 National Distillers
Lead 38 New York Central 13% Packard Motors
311⁄2
Pan American Airways 10
Pennsylvania RR 1774 Radio
144 Corp Real Silk 114.
Remington Rand 14%
Steel 20%
Tobacco 39
Reps
Schenley Sears Roebuck 43% Shell Oul 37% Socony Vacuum 10% Southern Pacifle 5114 Standard Brands 23
Oll of Calif. 837% Oil at N. J. 08%
Studebaker
Union Bag 28
Carbide 42% US Rubber. 424
*
*
Steel 31% Lines 10% Westinghouse
за
Youngstown Sheet & Tube 80% Gen. Pub. Wulties 17% Corportito bonds slowed only minór price changes. Higher. in the Curb were Producers Cor- poration, Aspinook (fabric ɑnish- ers), and Electric Band and Shate.-Associated Press.
NOTICE. TO CONSIGNÉES my. "MANGARELLA”
Washington, March 13.
consignees of cargo are hereby Having arrived Hong Kong United States exports of cot- ton textiles during December:--
notified that all goods have China, $1,000; Hong Kong
bren landed and placed at $328,000; Japan, $19,000; India,
their risk and expense into the Paklitan and Korea, all less than
New York, March 14. godowns of the China Pro- $1,000 each; Canada, $3,158,000;
Crude rubber number one vident L. & M. Ltd. where de- Mexico, $450,000; Guatemal
Rome, March 14.
futures closed five lower to five livery may be obtained as gooh $559,000; El Salvador,
higher, Sales 49 contracts, $218,000
Trading on Italy's two big- March Honduras, $282,000;
1045 bla. as the goods are funded. Nicaragut, $288,000 Costa Rica. $264,000 gest stock exchanges, in Rome May
19.05. Curb, $1,026,000: Hatti, $p80,000 and Milan, stopped today as July,
18.55
brokers strike
NY RUBBER
Spot number
оде
Finked
Nó, élninha' will be admitted after the goods have left the godowns or failure to attend
Dominican Republic, $709,000; ufa brokers protested against the September Netherlands Antilles $259,000; Government's determination smoked sheets. 19-% nominal the survey, Columble, $277,000 Venezuela, United Bolivia, $402,000; the ta continue requiring all Associated Presa... $1,424,000;
118,000; the stocks to carry the names of Netherlands, $27,000; Benelus, the owners.
Gor
$105,000; France, $108,00,000: Exchange, but instead, of "trading f.
In Rome brokers went to the NOTICE TO CONSIGNIES
5. "FLYING CLOUD
| All broken, chafed and danj-' aged goods are to be left n the godown where they will be examined in the presence of Messrs. Goddard and. Douglas off March 20,` 1950, at⋅ 10'um:
many, $119,000 Italy. Lebanon, $161,000; Iran, $568,000; they held a protest meeting. In Palestine, including Israel, $148,- Milan the Exchange did not open. 000; Slam, $651,000; Malaya, $72
Today's demonstration followed Consignees are hereby, TN 000; Indonesia, $399,000; the Phi- an announcemont. by Giuseppe notified that captioned Hppines, 1943,000; Belgian Cori Pella, Treasury Minister, that the Is due to this port on or about - Bonded Warehouse Regula go. $148,000 South Africa, $183, Government would not abollib March 18, 1980. 000-United Press.
Money Market
To comply with the General.
the requirement that stocks must cargo will be discharged examining damaged duti.
A
The Global Fleet
S.S. PRESIDENT WILSON
will sail for
SAN FRANCISCO
via
KOBE, YOKOHAMA and HONOLULU
oh
FRIDAY, MARCH 17, AT MIDNIGHT
- Passengera oro requested to board the vessel on Friday, ---- March 17, between 8 P.M. and 10.00 P.AT.
Baggage room and hold baggage should be delivered to Godown No. 50 of the Hongkong & Kowloon Wharf & Godown Co., Kowloon (entrance through Gate No. 2, Centon/>
---Road)_not_lator-than-5,00-P.Mon-Thursday, March-10.–
BEN LINE
*SHIP "BENVENUE”
*BENVANNOCH' "DENLAWERS" "BENATTOw". "BENNEVIS" "BENCAUACHAN"
"DENWYVIS"
“BENVENUE" *BENNATOW"
**BENVANNOCH"
"BENNEVIS" -
BENWYVIS"
("BENLAWERB”.
"BENCRUACHAN”
{
ARRIVALS
FROM
U.K. Via Bingapore.
SAILINGS
DUR.
16th Mar.
on or abt. 24th Mar.
London, Antwerp, Rotterdam,
Hamburg
Ginon. Avonmouth, London, Rotterdams, ("Haliburt 12 HUIK TAS
and
Liverpool,
Glasgow
Dublin, Havre 'Antwerp.
31st Mar.
17th Apr,
#
20th Apr.
30th Apr.
9th May
Loading baruba,
19th Mar,
21st Apr.
28th Mar.
28th Apr
12th May-
4th Apr.
Brd May..
Via Malaya, Colombo, Adon, and Bute Canale -
† Accepta Cargo Tor Port Sudan.
(Accepts Cargo for Rotterdam
For Further Particulars, Apply To-
W. R. LOXLEY & CO. (CHINA) LTD,
York Building.
Agents
Telephone: 31169.
THE EAST ASIATIC CO., LTD.
M.S. “KVERNAAS"
LOADING ABOUT 30th MARCH
for
ADEN, PORT SAID, GENOA,
ANTWERP, BOTTERDAM, HAMBURG, OSLO, GOTHENBURG & COPENHAGEN. Tanks avaliable for the carriage of oil in bulk.
THE EAST ASIATIC CO., LTD. Queen's Bldg., 2ná Nopr.
Tel. 34111
KLAVENESS LINE
SAILINGS
``Direct to Los Angeles, in 15 days Thence” San Francisco, Vancouver, Seattle
"CASTLEVILLE”
M.Š. “BOUGAINVILLE
tions)" consignces mint have u Revenus Officer in attendance
vlodnjable goodi. All claims against Ltd. | thek yempl. must. Þa presented Consignées - fro, requested to to the Undersigned. within take immediato delivery from Yourteen days of the ship's Steptner godowna, fueroles amival or they will not bej Ms.
not be recognised.
carry owners' names.
Financial circles said this re- to: the: Hơng quirement greatly facilitates the wharf & collection of taxes. Brokers main- tain that it restricts salos of stocks, US dollars were steady fester.Associated Prem day, opening of HK10371⁄2 and closing_at, $0.37, with an luterval at 36.37%95%
SHIP MOVEMENTS TT was stationary at HK30,40, Bterling: opened - at HK$14,49, The ss. Flying Cloud is dub hài and closed at $15:45. - 29 from New York via Bucs: ht Australian pounds also went up Lyonun Pass toflay and afibr Ave Cents to £OS$18.20.1933 Clearing: Quarantine, and "Imrul“
· Piastres "woraz unshanged at „gration;;, will borthy at Kowločn HK$12.50 à 100.
*Ticala:sian: Temained unchange, 14She will be despatched"), for od at HK$28.30100%2
New York via ports and Panama
(unless notice. 1No fire Insurance. will be #prior to- tije
DISON & CO.
NEI Gilders opened at:HK$22.50] on or about Maren 20.or su moồn) #idng. Konig, March 14, 1980.
100 and dropped-
& the clos
s possible timrerfter upon Renta pletion of cargo work.
WALLEM
Teloph
Hong Kong, Mart
Portland
30th Mar.
0th Apr.
24th Mar.
RRIVALS FROM PACIFIC COASTLINE
Salling
Ingo
Batavia
Balk Oil Tanky
THE
(CH
M.S. "BOUGAINVIL
Paistorm Accor TO LOANGELES ONLY. Chinese Freight Agents. HOO FOOK PING