“THE CHINA MAIL, WEDNESDAY, APRIL 12, -1950.
FINANCE
AND
COMMERCE
ROYAL
INTER OUTANULNES
• SINGAPORE, JAVA
+
PORTS and
MACASSAR
"VAN HEUTSZ"*
TVISADANE"
"TJITJALENGKA"
• Only to S'pore, Panang & A. De}}
• MANILA, EAST &
SOUTH AFRICA &
ARRIVALS SAILINGS
In Port 21st Apr.
8th May
1
13th Apr.
- 26th Apri 11th May
13th Apr
18th Apr. 1st May
PEKING REVIEW OF❘ New York
CHINA INDUSTRIES
Hong Kong Stock Exchange
Market
SOUTH AMERICA
"TJIPONDOX"
in Port
"DOISSEVAIN"**
"STRAAT MALAKKA"
"TEGELBERG"
- In Port
13th May
fet June
* Calling Singapore, Penang, L'Marques and Durban only.
Loading 13th and 14th April only.
JAPAN
4% Loan 09n.
"BOIBBEVAIN"
13th Apr.
"ВТЛДАТ MALAKKA"
29th Apr.
10th Apr.
"STRAAT SOENDA"
19th Apr,
30th May
15th May
"TEGELBERG"
Agents: HOLLAND—ÉÁST ASIA LINE
EUROPE via MANILA
and MALAYA
"MEERKERK”
"RYNKERK"
10th Apr. early May
ARRIVALS SAILINGS
6th May early June
Through BI/L laurad
to
Mediterranean and Northarn
European ports.
JAPAN
"MEERKERK"
"RYNKERK"
5th May
Early June
21st Apr.
early May
KING'S BUILDING, TELEPHONES: 20615 TO 28017
CHENES), AGENTS, BA LUNYABB01 1AD, 1.
RESSE, 25134
AMERICAN PIONEER LINE
to and from
Atlantic Coast Ports of
the United States and Far Eastern Ports
NEW FAST CARGO SHIPS
The quiet but steady.
H.K. GOVT. LOANS
San Francisco, April 10. Industrial nows ranging from the establishment of a State -operated motor car transport com. pany in Poking to the revival of the sugar trado in Kwangfung was given in a Chinese Communist broadcast heard here tonight. The motor car transport company which has just been set up will serve to unify China's motor transport for the first time, the broadcast said. The company has, at the
hus re-opened moment, 10 branches in North
China covering a network of nearly 5,000 miles of motor routes. Vehicles of the com- pany are serving travellers/ as the well as contributing to smooth interflow of goods be tween city and countryside, the broadcast added.
33% Loan (1934 & 1940) 93b. 31% Loun (1948) 06b.
J
BANKS
H.K. & S. Bank 1340b.,
(Lon. Reg.) 480in. Chartered Bank 39 7/16n. Mercantile B. A. & B. £229n. Bank of East Asia 1045.
INSURANCES Canton Ins. 315m. Union Ins. 500s, 585sa. Chinn Underwriters 5n. H.K. Fire Ins, 200n.
SHIPPING
Douglases 2000. - H.X. & M. Steamboats 11. Indo Chinas (Pret.) 893.
(Def.) 200n. Shells (Bearer) 65/71n. U. Waterboats 25
Asia Nav. 756; 80sa
Docker Wharves, Godowns E. RK. & K. Warves 30b, 43, 878u. North Point Wharves 5.000. Shanghai Hongkew Wharves 160, H.K. Docks 18%
China Providents Ex. Div. 10àn. Shanghai Dockyards.3.50b, 49, 4za. Wheelocks 28n.
MINING
Raub Mines 5in. H.K. Mines „0ijn.
Lande, Hatoin. & Bldgs. H. & S. Hotels in. H.K. Lands 42b. Shanghai Lands 1.40b. Humphreys 130]n. K.K. Reailles 2n. Chinese Estates 124.
PUBLIC UTILITIES II.K. Tramways 12,800,
12.0083.
Peak Trams (Old) 18n.
F1
(New) Bin.
Star Ferries Basi
BANK DEPOSITS IN RED CHINA
Stock Exchange
Now York, April 10. Buying enthusiasm centred in o fow selected issues in the stock market today but did not spread to the remainder of the list. Gains among popular issues ran to more than three points while lauser were confined to two points For or less among the losers, the most part, however, changes were fractional. Transfers were 2,070,000 shares.
Among the galniers were Benguet Consolidated, up t 1-%, Texas Company, American Woollen, Dow Chemical, Union Pacing Mack Trucks, Emerson Radio.
Included Nickal Plate, Warner Brothers, Allled
Stumblers
San Francisco, April 10, For the first time in 10 years people in the Chinese Commu-Chemical.
Dow that hist capital of Peking are de The brondenst also sold
Jones averages: Stocks
Industrials 212.20; the sugar Industry of Kwangtung positing money freely in banks 70.18; 20 Province is showing signs of re-
on current account, according Rails 5041; 10 Utilities 43.30.
Clesing quotations covering from the low ebb to to a Communist broadcast to
Adams Express which it fell to during the Kuo- niglit.
Alaska Juneau 3% mintang days.
American
Only two out of five modern sugar refineries are al present functioning in the Province, but these are producing twich much as in the past, it is claimed.
the
The other three refineries are not working because parts were removed
wracked by Japanese during their occupation of the Province.
.or
The broadcast said that most of the sugar output in Kwang tung is still from the erude mills of the villagers, but more re-
norios will be built,
No middle-men
It also reported the elimination of "middle-men" in the Indus- try, and that today- co-operatives of sugar cane growers sell their product direct to the refineries. in the past the middle-men sicpped in and pocketed half of the prices of the cane, the broad- cost added.
News was also given of the rubber shoe industry in Tientsin. It is said that factories in that; city are busily working to full 13s, Army orders for 1,000,000 pairs
of rubber shoes.
Lights (Old) 11.205, 111s,) i1.30sa.
(New) ab.
ARRIVALS FROM ATLANTIC
"PIONEER COVË”
"PIONEER MAIL"-
"PIONEER BAY"
May 2 May 14. May 27
'C.
SAILING TO MANILA A "PIONEER COVE” (vin Yokohama, Takubar) May 3 "PIONEER MAIL" `(via · Yokohama)
•
May 15
"PIONEER BAY" (via Yokohama)
May 28
Shanghai Gas Jan.
SAILINGS, TO NEW YORK, BOSTON, BALTIMORE, PHILADELPHIA via JAPAN & PANAMA CANAL
-""PIONEER-LAKE” -Arr.-Apr. 21-Sails Apr. 22
++
"PIONEER SEA"
"
Apt. 24 Afr. 20
* via Taka Bar
For rates, special information call
UNITED STATES LINES
. Queen's Bldg.
COMPANY Tel. 28196.
The abers list Indicates the principal Derts of leading and discharge
as presently intended, bat nol their retation.
tion see schedule at the Company's Odice.
For furti tilorka-
U.S. ORIENT MERCHANT LINE.
ARRIVALS
FROM
18th Apr.
SHIP
DUE
La "ANNITBA"
EAST COAST/U.S.A.
Abl
L.L. “VÁSSILI8"
E.B. "SOROL"
bth May
. 19th May
W. R. LOXLEY & CO., (CHINA) `LTD.
York Building..
AGENTS.
Tel.*34165
SWEDISH EAST ASIA CO., LTD.
m.v. NAGARA
HAMBURG
LOADING 1815 APRIL
SAILING: 19th · APRIL
SAID, GENT
GOTHENBURG.
GILMAN & CO. LTD.
HK. Electrica 251s, 20/251er. Macao Electrics 20n.
Sandakan Lights Bin. Telephones 101s
INDUSTRIALS Cald. Macg. (Ord.) Z8n. Canton lees 30 Cements Ex. Rights 116, 118s.
111/1180. ~H.K-Hopes-in-
W
-STORES &c. Dairy Farms 30s. Watsons Ex. Rights 285, 2782. L. Crawfords 22su. Sinceres 16.
China Emporium 91b. Sun Co. Ltd. 2iza. 'Kwong Soilg Hong f7b.
Wing On (M.K.) 62b. Wm. Fowell, Ltd. Pan.
MISCELLANEOUS China Entertainments 138. H.K. Constructions (0) 2.401.
(N) 1.30.
Vibro Pilings 118p. Marsman, Investments 0/-. Maramon, (HIC) 76. Shanghai Loan 1.800. Yangtzes 8.60m.
COTTONS
Ewos 210b, 2.60cd.
RUBBER, etc. COMPANIES. Alma Estates 10. Anglo-Dutch Son.
Anglo-Javas In.
Batu Anams 15ń.
Bute Plantations Jon.
Chemor Unites 85. Cheng Rubbers 15n. Consolidated Rubbers 2b. Duminion Rubbers 1.300. Kota Behroe 50n.
Kroewock Javas .10, .252. Langkots in.
Repah ftubbers 20n.
Rubber Trusts 23b, Ss. 2isa. Samagaga Rubbers .65b. Bemambu Rubbers 201.. Shanghat Kedahs 41b. Shanghai-Mainyka 10-m. Shanghai Paboog 18n. Shanghai Sumairas „60n. Sua Manggis 10b, Sungel Duris Itih. Tanah Meraha 58b. Tebong kubbers 15.
Zangbo Rubbers 50n.
During the past eight days, the Peking People's Back reported an neroase in current accounts of 2.1 million Coinmunist dollars.
Deposit accounts are also show- ng marked increases.
In 1949 deposits were calculat- ed in terms of parity units valued In grain, cloth and coal, Banks allowed people to withdraw their money after a period on the basis of currency. valuation of parity units. Now, however, the practice of depositing money agalast such units is declining, the broadcast sald-Router,
LINES
The Global Fleet
TO HONOLULU & SAN FRANCISCO:
"President Cleveland" "General Gordon" "President Wilson"
via JAPAN.
.Arr. Apr. 13
Arr. Hủy 1
Arr. May
Balls Apr. 14 Balls May
Baile May
TO SAN FRANCISCO & LOS ANGELES via JAPAN
"President McKinlay" "President Taft"
In Port Sails Apr. 13 ..Arr. Apr. 25 Salle Apr. 26 TO NEW YORK, BALTIMORE & BOSTON vio PACIFIC COAST & PANAMA
“President Johnson" ..........Arr. Apr, 20 "President Fillmore". ............. Art. May 13
ROUND THE WORLD
Sails Apr. 20
· Salls May... 14
VIA MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAY, KARACHI, SUEZ, FORT SAID, ALEXANDRIA, NAPLES, MARSEILLÉS, GENQA, NEW YORK and BOSTOŃ "President Buchanan"
Arr. Apr: 10 Salls Apr. 18 "President Harding" .........Arr. Apr. 30
TOʻJAVA & STRAITS :
15
1174
"President. Tyler".
St. George's Bldg.
024 150 70
Anaconda Copper 28% Aviation Corp. 7% Baldwin Locomotive 10% Barnsdall $1% Bendix Aviation 42 Bethlehem Steel 35 Boeing Aircraft 27% Borden Co. 50% - Canadian Pacific 15%
Case 42 Chrysler 08
Colgate. 45%
Commercial Solvent 17 Corn Producta 60% Du Pont 73
Kodak
Money Market General Electric 40%
U.S. dollars opened yesterday al HK$0.07%, nearly 10 points below the closing rate on Thursday last. In the course of the day the rate dropped to $0.04% but recovered slightly to $0.05 at the close.
TT
1 from
through was pul HK$0.08% to $809%.
Sterling was down 10 cents us recompared with last Thursday. It
was quoted at HK$15.20.
The broadcast further ported that state-owned enter prises in Manchuria have sur- pamed their production largots during the first quarter of this year.
Coal output was six per cent above the target, petrol 12 per cent, electricity one per cent, electric wires 81 per cent, bicy- cles 11 per cent, cement 40 per cent, paper 32 per cent, conveyor belts 12 per cent, motorcar tyres 32 per cent, and cotton fabric 17 per cent.
New stores Peking Radio reported that the All-China Department Stores had established its head office in the Chinese Communist capital.
This was regarded as marking a new stage in the organisation of State trading.
The Radlo said that this office now under State and public shops in every province, city and many county towns which form a net- work supplying industrial goods to cities and villages throughout China.
Australian pounds also dropped. Opening at HK$12.80 as compared with $12.80 on Thursday, the closing rate was. $12.55,
Plastres were unchanged at HK$11 a 100 nominal.
Motors 78% Goodrich 87Y Goodyear 54
Homestake Mining 43% International Harvester 27%
Paper 39
Tel & Tel 125% Johns Manville 40 Kennecott Copper 51% Montgomery Ward 554 National Distillers 22%
Lead 41
New York Central 14%. Packard Motors, 3% Pan American Airways 10. Pennsylvania RR 17 Radio Corp
20% Remington Hand 12%
Tobacco 38%
30% Roebuck 43
385
Shell Onl Ticals were down 50 cents as compared with Thursday, and were quoted yesterday at $20.50 a 100.
NEI Guilder dropped to less than half their-value on-Thursday when the closing rate was HK$0.80 a 100. Yesterday they closed at $3 a 100, after opening at $5.
FRESH FISH PRICES
Fresh fah average prices realised at the Hong Kona Fish Wholesale Market Kennedy Town, yesterday were sm
Snapper....
First quality Average
price pries acaily
$1.00
Central management and plan- ning of State trade would have a profound effect on the nation's White Tomfret (large) 2.61 economy, the broadcast main- Maeno Bolm (large) **
tained.
It explained that peasants are fiend Grant the main customers of State Concer Pike shops. With their increased pur» | Fair Twit chasing power, following land reform, peasants are now able to buy Increasing quantities of cloth, farming equipment, cupa, utensils, soap, matches, Sugar and even
materials writing
through their co-operative
ganisations.
(..
Bocony Vacuum 17 Southern Pacific 63% Standard Brands 283
Off of Callt. 56 Ol of N. J. 71 Studebaker 30 Union Bag 20%
Carbide 45% US Rubber 4341⁄2
F1
Steel 32
Lines 104
Westinghouse 34%
Youngstown Sheet & Tube 81% Gen. Pub, Utilities 17%
Rail bonda continued, upward.
curb gainers were Ameng Royalite, Claude Neon, Raytheon, Sonotono-Associated Press.
NY RUBBER
-- New York, April 10. Crude rubber No. 1 futures closed 25 to 60 higher with sales
catly
$1.20
2.50
1.80
1.57
1.10
.70
1.15
1.10
of 74 contracts.
5.20
1.19
May
23,15
1.3
September
21.80
20.80 nominal
19.80
Spot No. I tibbed smoked sheets 23 1⁄2 nominal-Associated Press,
CROP FORECAST
Washington, April 10
A 1930 Winier wheat crop of
December
763,590,000 bushels was forecast NOTICE TO CONSIGNEES These co-operatives cover 60 by the US. Agriculture Depart per cent of the business done by ment today. State-owned shops in Manchuria
Jast year.
This estimate is 121,008,000) "State trading, especially re- bushels: less than the : Dopart- tall dealing, has played an imment's exilmate on December 20, portant part in calling back cure and compares with last year's
the Radio said. "For Winter wheat crop of 901,688,000 | rency," example, several hundred departs | bushels-Associated Press.. ment storon and retail shops In Shanghai: alone called back an average of 10,000,000,000 dollars:
(in Communist currency)
daily.
London, April, 10.
CIR DRE MESSAGERIES
MARITIMES –
«/»*RINGEND""
are breeky nátided this. thale: chres in belka šlacharged' thi the Host ・ Mank
# "Kowloon Whart & Dadawn andrwn, where it will be at Cobalcómé tha and Mkini-le to Whaờng Khruh
in March. This... în... a further The London Stock Exchange; means by which the Government remained closed on the Easter) knd" conditions et sezon and wheen
Associated
ensures the maintenance
steady marketBetter.
of
D Monday
Press,
holiday.
Pacific For East Live Inc.
Fast Regular Trans-Pacif
TÉRAL AND),
*Denigsë sochiqmary to be left
the : Goderná "Be stamchation
Mouses. Goddard' &· Douzizi. Saturday, kijk, Apr. 1966.
Salle May 2
Arr. May 5
Salls May 6.
Tel. 28172/5.
BEN LINE
TO AND
FAB ESS$
ARRIVALS
FROM
SHIP "BENATTOW" "BENNEVÍð“.
U.K. via Singapore.
"BENCRUACHAN”
+BENWYVIS"
"BENCLEUCH"
*BENVORLIGH” "DENARTY” "BENMACDHUI" "BENALDER"
"BENATTOW". "BENCLEUCH" "BENMACDHUI"
"BENNEVIS" -
"BENWYVI8" "BENARTY"!
"BENCRUACHAN”
"BENYORLICH"
"SENALDER”
London,
DUR
18th Apr.
on or ab: 27th Apr.
*
Both Apr.
9th May
11th May
27th May
6th June
14th June
25th Ju
SAILINGS
Loading on of abt.
Antwerp, Rotterdam, Hamburg
20th Apr.
15th May
Huli.
16th June
30th Apr.
Gonos, Liverpool, Avon"- meath, Le Hivro, .4
Hamburg
Gerida,
Loddon,
Avonmouth, Rotterdam,
Hamburg & Hull,
Liverpool,
di langrove,
Dublin, Havro, Ant-
werp Rektördam.
12th May
10th June
Ard May
Join May
24th June
Vie Malaya, Colombo, Port Budan, Aden, and Suez Canal,
† Accepts Cargo tör Japan,
1. For Further Partieslára, Apply 78-
W. R. LOXLEY & CO. (CHINA), LTD. Agents
York Building.
Telephone: 34165.
THE EAST ASIATIC CO., LTD.
M.S. “NORDPOL”
Loading 13th/14th April for
ADEN, PORT SAID, GENGA, ANTWERP, ROTTERDAM, HAMBURG, OSLO,
GOTHENBURG & COPENHAGEN
THE EAST ASIATIC CO., LTD. Queen's Bldg., 2nd floor.
Tel. 34111 & 34112
DE LA RAMA LINES
Sailing to New York, Baltimore, Philade
Via Japan and Pacific coast po
°M.V. “AGAMEMNON"
M.S;
DONA NATI?
Kingston, Jamaica if sufficient inducement
Arriving via Manila from
U.S. ATLANTIC & PACIFIC COAST PORTS
MS BENGAL
VANICETA VANCOR
ra May
BUTTERFIELD & SWIRE