THE CHINA MAIL, BATURDAY, APRIL 1, 1080.
D A P
ROYAL INTEROCIAN
SINGAPORE, JAVA
PORTS and
EINIS
MACASSAR
"TJITJALENGKA"
"VAN HEUTOZ""
TJIBADANI
*Only to 8'pore, Penang & D. Dali
• 'MANILA, EAST &
SOUTH AFRICA &
SOUTH AMERICA
"BO188EVAIN"
"STRAAT BOENDA"⚫
"STRAAT MALAKKA"
ARRIVALS, SAILINGS
4th Apr.
9th Apr.
.
8th Apr.
13th Apr,
21st Apr.
24th Apr.
FINANCE AND COMMERCE
Hong Kong Stock Exchange
The season of final dividends
New York stocks
recover after intense selling
New York, March 30.
being practically over, less inter- Intenso selling flared up in the stock market today.
est is being taken in the Market.
In addition to this, the Market seems to have fallen into a rut, rates fluctuating with a definite
no
The result was one of the sharpest price breaks of the year.
downward trend. At the moment In half an hour or so, leading issues dropped frac- the stop to this dip shows
tions to around two points, Nearly 100 stocks slims of ending.
scored new lows for 1950. But the drop stop- ped as abruptly as it started in mid-afternoon.
B.K. GOVT. LOANS
Bly% Loan (1934 à 1940) 09. * Loan (1948) 07n,
10th Apr.
13th Apr.
12th Apr.
"TEGELBERG”
13th May
4th May 1st June
4 Lown 19th
*not calling Manila
JAPAN -
"BOIBBEVAIN"
9th Apr.
*STRAAT BOENDA"
17th Apr.
2nd May afat May
14th Apr.
16th May
"STRAAT MALAKKA"
"TEGELBERG"
Agents: HOLLAND-EAST ASIA LINE
● EUROPE vio MANILA
and MALAYA
"HOOGKERK"
"MEERKERK"
"RYNKERK”
Through Da/L fasued to
Mediterranean and Northern
European ports.
JAPAN
"HOOGKERK"
"MEERKERK"
"RYNKERK"
ARRIVALS SAILINGS.
10th April.
early May
8th Apr. 2nd May arly Juan
7th Apr, 1st May Early Juns
17th April early May
KING'S BUILDING-TELEPHONES:-28015STO 280172:
LÆMINESLAGENESTRE, CONNAUGIEF (HOCH, G. TEEN: QUM 105
BARBER-WILHELMSEN LINE
INAUGURATING NEW FORTNIGHTLY EXPRESS SERVICE
M.V. "FERNSTREAM" LOADING 3rd APRIL
M.V. "TALLEYRAND".
LOADING 17th APRIL
FOR
PACIFIC AND ATLANTIC COASTS
Via Japan.
Transhipment cargo accepted for
South American and West Indies Ports.
Agents
DODWELL & CO.,
DE LA
Telephones: 28021/6
LTD.
RAMA LINES
Sailing to New York, Baltimore, Philadelphia,
Via Japan and Pacific coast ports
가
DANKS
ILK. 9. Bank 150b, 1370,
(Lon. Rea.) 4815, £10. Chartered Bank £9 11/1GN, Mercantile Bank A. & N, £120. Bank of East Aals 201b.
INSURANCES
Canton Ins. $151.
Union Ina 585h, GOON, IP5/1000. Chinn Underwriters Sn.
3.K, Fire Ins. 21.
BHIPPING
Douglasen 200n,
J., & M. Steamboats in. Indo Ching (Pref.) 8.
(Def.) 200n.
Shelia (Dearer) 61/92. Union Waters 55,
Asia Nav, 85, 21.
NOCKS, WHARVES, GODOWNS, Elc II.K. K. Where Ex.DIV, 968. North Point Wharves A.cob.. Boghal Hongkow Wharves 10, I., Docks 18.30.
China Providents 12x. Shanghal Dockyards ib. Wheelocka 216, 28.
MINING
Hugh Mince n.
H.K. Min 01.
LANDS, HOTELS & BLDCB.
FI, B. Hotels 9.600.
H.K, Laide B
Shanghai Land 1.6.
Humphreys $.CO.
H., Stealties 2.
Chise Estates Ex.Div. 184,
PUBLIC UTILITIES
1.K. Tramwaye Ea.Div. 13b, 12,301. Peak Trama (0) 175,
(New) Dign,
Star Ferries K8%*.
C. 'Lights (Old) 11.105, 11.20
མ
(New) Bb.
1.K. Electrica 273.
Maso Electrics 200. Bandakan Lixhen. Telephone 18,
Shanghai Ca 10.
INDUSTRIAL.B
Caid. Hnez, (nl) Isb, Canton Icra 30. Cement Ex.Rights lib. H.K. Ropa 141.
STORES, Ele. Dairy Farms 89%..
Watsons Ex.Right 2015.
1. Crawfords 2141, 21iem,
Sinceres 2.805,
Chien Emporium 04.
Sun Co., Ltd, 9b.
Kweng Sang Hong 07b, 100e.
Wing On (11.K.) 02.
Wm, Powell, Lol, RIGH
MISCELLANEOUR
China Entertainments Ex.Div. 184. II. Constructiona (Old) 2.400.
(New) 1.30.
Vibro Pilings 11%.
Marman Investments 9/-a, Harman (H.K.) 5.
Shanghai Lown 1.300.
Yanga 4b, 4.
~~~~~~~~~COTTONS
Ewo "2.801.
RUBBER. *t*, COMPANIES
Alms Estates 181.
Anglo-Dutch .40.
Anglo-Java 211.
Bain Anama .15.
Hate Flantations b Chemor United BOD. Cheng Rubbers 16b, Consolidated Robbers g Dominion Rubbers 1.30m- Kota Bahrow Bob, Kroewek Java 156, Langkats in.
Repah Rubbers .fin. Rubber Trust
Samagaka Rubbers 5b, Samamba Rubbers 205. Bhanchal Kedahu 4%, 4%. Shanghai-Milays 10,
Shanghai Pabeng .656. Shanghal Sumatrze .60n. Bus Manggle .196.. Sungst Darla 18b,
Zlangba Rubbers 50a
M.V. "AGAMEMNON"
.23rd Apr.
M.S. "DONA NATI”
4th May
Tanah Meraha 55D, .80. Tebong Robbers .155.
Arriving via Manila from
PORTS
DU.S. ATLANTIC & PACIFIC COAST
M.V. "BENGAL”
M.S. "DONA ANICETA”
S.S. "TRAVANCORE"
BUTTERFIELD
duc 15th Apr. ...due
3rd May .....due 12th May
SWIRE
Agenta
Tel. 30331/8.
1. Connaught Road, C.
PRINCE LINE LTD.
(Trans-Pacific Servico):
mv. SILVER WALNUT
LOADING 1st APRIL
for
LOS ANGELES, SAN FRANCISCO, PORTLAND, TACOMA, SEATTLE & VANCOUVER.
Duo Los Angeles 25th April
JARDINE MATHESON & CO., LTD.
18 Fedder Street
¿Tel. 300114
Money Market
DEMAND FOR
CARS EXCEEDS
U.S. OUTPUT
Detroit, March 30.
TEXTILE
THREAT TO U.S.
Palm Beach, Florida,
March 30.
The President of the Ameri- can Cotton Manufacturers In- stitute, Mr. Ellison S. Mc- Kissick, warned today that the United States faces virtual loss of its textile export markets and invasion of its domestic markets by low wage foreign textile indus- tries.
"We are confronted with An alarming situation in the threat of goods coming into this coun- try from nations whose textile Industries are virtually subsidia- ed by the American taxpayer," he declared.
EMERICAN. PRESIDENT LINES ROX.
The Global Fleet
TO HONOLULU & SAN FRANCISCO.
Salls Apr. 14
yigʻ JAPAN
"Prezident Cleveland”.
. Art. Apr. 13 **
"General Gordon"
„Arr. Apr. 28
- Sails Apr. 29
"Prezident WilsonTM
Sails May 3
2. Art. May 2
TO SAN FRANCISCO & LOS ANGELES
viɑ JAPAN.
"President Harrison”- "President McKinley”
... ... ... ... Arr. Apr.
..Arr. Apr. 13
Salls Apr. 5
Sails Apr. 13
TO NEW YORK, BALTIMORE & BOSTON via PACIFIC COAST & PANAMA
"President Johnson" ...Arr. Apr. 15 "President Fillmore" ....Arr. May 13
ROUND THE WORLD
Sails Apr. 15 Salla May 14
VIA MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAY, KARAĆIH, SUEZ, PORT SAID, ALEXANDRIA, NAPLES, MARSEILLES, GENOA, NEW YORK and BOSTON *President Monroe"
Arr. Apr. 5 Salls Apr. "President Buckanan" ....... Arr. Apr. 16 Sails Apr. 18
TO JAVA & STRAITS
........................Att. Apr.
B
A recovery move appeared to be taking shape in the final hour and a good many issues pushed up from the extreme lows, Financial quarters said there was zo specifle news to account for the sudden selling.
The two most active issues—. Radio Corporation and American
Mr. McKisslak naserted that Broadcasting-advanced against
éven a trickle of Japanese ·goods the trend. Radio Anished 1-4
Nearly five years after the Into, this country inevitably has higher and American Broadcast-end of the war, some mukes of the effect of demoralising U.S.
"President FillmoreTM ing 1-% higher,
cars are still not available on domestle markets and also of Other gainera included United short notice. Yet approximately the 500,000 cotton textile opera
jeopardising
St. George's Bldg. the jobs of many of Corporation, Greyhound, Ever 15,000,000 passengers cars have, tives who depend directly on the
U.S. Leather, been built in the United States mills for livelihood. sharp, Electric, Transcontinental and Western since July 1945. That is when "When we realise that the Air, and Paramount Pictures. pencetime production was re- average Japanese textile worker in makea 10 cents an hour, we can sumed after being halted
understand how far it is possible February 1942.
for our standard of living to fall," he said.
Among the lovers were Santa Fe, Union Pacific, Gulf Oll, Zenith Radio and Sunray Oll.
Transfers were 2,370,000 shares. Dow Jones averages: Stocks 74.07; 20 Industrials 200.43: 15 Ralls 54.48; 10 Utilities 42.05.
Closing quotations: Adams Express 22 Alaska Juneaut 2%
American
Can
110%
Smelling 51% Telephone 154% - Tobacco 70% Waterworks 11 Anaconda
Copper 28 Aviation Corp. 7 Baldwin Locomotive 10 Barnsdall 50% Bendix Aviation 40% Bethlehem Steel 33% Boeing Aircraft 265% Borden Co. 80% Canadian Pacifle 14%
J. 1. Case 414 Chrysler
04%
Colgate 43%
Commercial Solvent 10 Corn Products 67 Du Pont 67
Eartman Kodak 45% Generat Electric 484
Motors 702
Goodrich 83%
10
Goodyear 50% Homestake Mining 44% International Harvester 26%
Paper 384 Tel & Tel 13 Johns Manville 47% Kennecott Copper 504 Montgomery Ward 54% National Distillers 22%
Load 40
New York Central 13 Packard Motors 3% Pan American Airways 84% Parmsylvania RR 10% Radio Corp.-18
Real Silk 11
Remington Rand 131⁄2 Republic Steel 25 Reynolds Tobacco 30% Schenley 29%
Sears Roebuck 40% Shell Oll 38
Socony Vacuum 16 Southern Pacifle 52% · Standard Brands 23
"
Oll of Calif. 65% Oll of N. J. OB
Studebaker 28%
286 Carbide 44
Union Bag
#
US Rubber 40%
Stoel 31
15
Lines 10
Westinghouse 34%
Youngstown Sheet & Tubo 79
Gen. Pub, Utilities '17
Bonds slanted lower. In
the
Surveys by the larger pro- ducers indicate there still a tremendous backlog of demand for new cars in both the low and medium (price brackets. In moro than a
fow instances sales aro reported to exceed factory. out put.
An upturn in rotall car sales is traditional at this time of thu
this:
is not the
Japan, he added, only nation which casts its sha- dow across the American textile scene, and they must also con- cern themselves with the threat of imports from Germany, from Italy, and from many other na- tions as well.---Associated Press.
British pact with Israel
| year. It is no secret, though, that
new car deliveries so for year surpass carlier expectations of the leading manufacturers.
Final figures for
this year's first quarter production will pro- bably show about 1,150,000 new passenger cars delivered by tho nation's retailers, In the same
London, March 30. 4 period last year,
Britain and Israel today'sign- retail sales numbered 891,903..
ed a financial agreement aris- ing from the ending of the Chevrolet in among the makes British mandate in Palestine. of cars not now quickly available,
For Israel, the agreement was! Largest of the world's car build- signed by Mr. David Horowitz, ers, Chevrolet delivered more Director-General of the Finance cars at retail in February than its Ministry. Sir James Baker, Third factories produced. Final figures Secretary to the Treasury, signed for March will probably the same excess of demand output.Associated Press,
show Over
Disposal of public grain in China
for Britain.
The British Treasury announced shortly after the signing that the agreement provides for the full and final settlement of financial matters outstanding between the two Governments as a result of the termination of the mandate. The agreement will be publish- ed In due course as a White Paper, it declared.
Under it the Israel Govern~ ment will make available suma San Francisco, March 30, Peking Radio reported to- totalling £11,100,000 as a general night that centralised control settlement. Frovision is made for the Israel Government to take of State grain would be over an appropriate share of the achloved as the result of a assets and abilities relating to: decision reached by the Central Palestine's 'bearer_bonds. People's Government to unify the collection, storage and dis- posal of public grafň.
This was in line with plans now being carried into effect to ensure uniform distribution of grain throughout Communist China, tha Radio said.
"The present decision is of great importance in ensuring) adequate supplies for the people
after
the
Mr. Horowitz said siguing, "It will certainly remove A source of friction and mis- amicably and in a spirit of com- understanding and will settlo promise and mutual accommoda- on some old accounts."Router.
NY COTTON
Now York, March 30. Cotton futures turned irregular
and the army, in stabilising the after early strength. Closed 35 grain market everywhere and in cents. a balo higher to 30 cents
implementing the 1950 national lower.
budget," the broadcast added.
Local grain administrative de- partments would have to make monthly reports on the position regarding public grain collection: as well as grain 'allocation in their areas, it was added.--Reuter..
curb Technicolor jumped 2% to PAKISTAN COTTON
close at 22 4,
Other gainers were Raytheon, Canadian Marconi, Sherwin WI- Hama
Stumblers included Cilles Ser-
US dollars dropped to HK$ vice, Kaiser Frazer-Associated 6.2234 yesterday after opening at Press.
$0.23% but at the close recover-
ed to $0.23%.
T was stationary at HK$6.31. Sterling Wat unchanged at
HK$15.40.
LONDON STOCKS
London, March 30. Domestic issues in the London
FOR JAPAN
Washington, March 30.
May
July October December March
May....
32.09.
-32.16-18.
80.76-77.
30.68.
30.59.
30.55.nominal.
Middling Spot. 32.57
-Associated Press,
NY RUBBER
J
New York, March 30. Crude rubber number one fu-
Japan is expected to take 100,- | furos closed 15 to 25 higher. Sales 900 bales of cotton from Pakistan | 92 contracts. during the year ending next July
1, the U.S. Department of Agri- culture estimated. The
May Juis
20.40. 19.50 bid. *September purchase
....19.10. will be made under · ត trade agroe
Spet number one ribbed imok- ment between the two countries ed sheots 20-% nominal Asso- In return for the cotton, Japan is clated Press, Australian pounds dropped Ave Stock Exchango were firm with expected to ship textiles, cotton cents to HK$12.00/
interests selective Glit-edged yarn, hardware,
rolling Plastres dropped to HK$11 a stocks advanced 3. Textiles, stock, 100 after opening at $11.80. with renewed provincial support, machinery.
machinery is showed some gains Olls and expected to include 60,000 cotton rubbers were steady.
wpindles, 500 looms, and consider Financial Times" indoor 105,4 — able woolion and textile kaltting Associated Press
mschinwy---Associated Press,
Ticals at HK$27.50 a 100 were unchanged.
NEI Cuilders opened at
40
n 100 and closed at 38.20.
electrical and
Tho
Pacific Far East Line, Juc.
DIRECT
Fast Regular Trans-Pacific Service
SAN. IRANGIDOO, LÓN: ANGSTĀKS
·MONTREAL' AND
Lan Truncisen
+
INIA BEAN”
"WILLIAM 'LUCKNERÁCHE
OVERLAND NEW YORK-GICAGO-DETROIT-Z
AMERICAN"A" QANADIAN » CITIES.
San Francisc
Washington, March 30, Railroad freight. volume last week was above the levels of last year and two years ago for the second successive-week. Report
this today, the Association of Ambrican Railroads noted, how- ever, that volume in both the 1949 and 1948 weeks was reduced by work stoppages in the coal mines--Associated Press.
NOTICE TO CONSIGNEES
M.V. *ANKING"
Damaged cargo ex this ves÷ sel will be surveyed by Messrs. Goddard & Douglas at Hong Kong & Kowloon Wharf & Godown Co, Ltd's Godown from 10 am on April 3, 1950. and consignees are requested. to have their representatives present during the survey
2
9
Spils Apr. Tel. 28172/5.
BEN LINE
SHIP "DENLAWERS" "BENVANNOCH" "BENATTOW" "BENNEVIS"
"BENCRUACHAN”.
{"BENWYVIB"
"BENCLEUCH" "BENVORLICH" · "BENARTY" "BENMACDHU?" "BENALDER"
"BENATTOW" "BENCLEUCH" "DENMACOHUI”
"BENNEVI6"
"BENVANNOCH" "BENWYVIS" "BENARTY"
"BENLAWERA" "BENCRUACHAN"
"BENYORLICH"
"BENALDER”
ARRIVALS
FROM
U.K. via Singapore,
SAILINGS
DUE IN PORT
1st Apr.
10th Apr.
on or abt. 27th Apr.
20th Apr. 9th May
11th May
27th May
London, Antwerp, Rotterdam, Hamburg 4 Hull,
·Gonos, Liverpool, Avon- mouth,, Le Havre, & Hamburg.
Genoa, London,
8th June
11th June
26th June
Loading on or abt.
20th Apr.
15th May
15th June
30th Apr.
Bid Apr.
Rotterdam,
12th May
10th June
Glasgow,
Avonmouth,
Hamburg & Hull,
Liverpool,
Dublin, Havre, Ant-
·werp 4 Rotterdam.
*K/Wharf
3rd May
80th May
29th June
Vin Malaya, Colombo, Port Sudan, Aden, and Suez Canal. † Accepts Cargo for Japan,
For Further Particulars, Apply To- W. R. LOXLEY & CO. (CHINA); LTD. Agents
York Buliding.
Telephone: 34185.
THE EAST ASIATIC CO., LTD.
M.S. “KVERNAAS”.
NOW LOADING
for
ADEN, PORT SAID, TRIESTE, GENOA, ANTWERP, BOTTERDAM, HAMBURG, OSLO,
* GOTHENBURG & COPENHAGEN
Tanks Available for the carriage of oli in bulk.
THE EAST ASIATIC CO., LTD. Queen's Bldg., 2nd foor.
Tel. 34111 & 34112
KLAVENESS LINE
SAILINGS
↑ Direct to Los Angeles, In 16 days Thence
San Francisco, Vancouver, Seattle & Portland M.S. "BOUGAINVILLE SKAMANI M.S. "SUNNYVILLE
ARRIVALS FROM PACIFIC COAST VERSE MS. "SUNNYVILLE” - M.S. "FRANCISVILLE”
$30th Apr.
30th May
21st Apra
22nd May
Salling to
sapore, Port Swettenham,
ng & Batavia
M.S:
22nd Apr.
"Baik Oll Tanks
TO
ES ONLY
Chine
HOO FOO
Building Tel: 37702.
BANK LINE LTD..