Page.12
THE
MAIL, - THURSDAY, APRILĀ „13.· 1950
ROYAT
SINGAPORE, JAVAS
'PORTS and
MACASSAR
"VAN HEUTSZ"
"TJIBADANE"
"TJITJALENGKA"
ARRIVALS, SAILINGS:
21st Apr.
►
4th May
Only to B'pore, Penang & B. Dell
• MANILA, EAST &
SOUTH AFRICA &
"SOUTH AMERICA
"TJIPONDOK
"BOISSEVAIN”**
"STRAAT MALAKKA"
"TEGELBERG"
In Port
18th May
9th Apr,
8th Apr.
11th May
13th Apr 15th Apr. 1st. May
1st June,
Calling Bingapore, Penang, L'Marques and Durban only.
**Loading 13th and 14th April only.
JAPAN
"BOIGSEVAIN"
"STRAAT MALAKKA"
#BTRAAT 80ENDA"
"TEGELBERG"
FINANCE AND
COMMERCE
TEXTILE INDUSTRY'S PROBLEMS IN INDIA
H.K. Stock Exchange
A quiet day.
HK GOVT, LDANG- (+Long **n.
Dann (1950 ♣ 1940) - DEL
Loan (1948) DOU,
BANKR
KK... Dank '114, 11454.
(ton, New) ARUB Chartered Bank 40 1/1ân, Mercantile Bank A. (N°I; ö. Babek of East Asla 101b.
*INSURANCEM
13th Apr.
29th Apr.
16th Apr.
19th Apr.
Unión Inm, *.
30th May
15th May
Agents: HOLLAND-EAST ASIA LINE
● EUROPE viɑ MANIKA
and MALAYA
"MEERKERK"
Canton Ins. 825n.
Chris Underwriters En-
H.R. Flew Inc, 200n,'
SHIPPING
Drugikado “2009,
31.K, M. Steamboats 11. India China (Fail) : 29 % 10,
(Del.). 200n.
Sheila (Mentor) - 85/-m..
Union Waterboats 15e.
DOCKS, WHARVES, GOBOWNS, Kle.
•ILK & K. Wharves-Wh
ARRIVALS 'SAILINGS
"RYNKERK”
10th Apr. early May,
"btn 'May. early, Jung.
Asia Nav. 38m, 71ijom.
Through Be/L tenued
10
Mediterranean and Northern
European porta.
JAPAN
"MEERKERK"
"RYNKERK"
5th May
Early June
21st Apr. early May
KING'S BUILDING, ULEI PRONES 2015 10 2801:
DIENEST AGUNANG DA, PONNAUGHTY BILAD, A
Peninsular
SAILS:
AQUIS
NOS SEPARABIT
& Oriental
STEAM NAVIGATION COMPANÝ
R.M.S.
BAGGAGE:
'CARTHAGE
NOTICE TO PASSENGERS
FRIDAY the 14th APRIL ắt NOON for the United Kingdom via Straits, Colombo, Bombay, Aden and Port Said.
ALL passengers baggage must be sent to the Hongkong & Kowloon Wharf Co's Go-" down at NO. 2 GATE, CANTON ROAD ENTRANCE by NOON on THURSDAY the 13th APRIL.
SPECIAL NOTE: With the exception of hand packages car- rled by passengers themselves ALL BAG- GAGE must pass through the Wharf Co's 'Godown for lending on board by ship's slings-ohly-
EMBARKATION: Will take place between 9.30 am. and
11 a.m. on FRIDAY, the 14th APRIL.
MACKINNON MACKENZIE & CO.
AGENTS.
(Tel: 27721-4)
U.S. ORIENT MERCHANT LINE.
BHIP
ARRIVALS
FROM
DUE
1.2. "ANNITSA"
EAST COAST/USA.
Abt.
18th Apr.
## "VÄSBÍL 19"
Bth 'May
s.k. "BOROL"
19th May
}
T. 24185
W. R. LOXLEY & CO., (CHINA) LTD.
York Building.
: AGENTS.
SWEDISH EAST ASIA CO.LTD.
m.v. NAGARA”
LOADING 18th APRIL
SAILING 19th APRIL
ADEN, PORT SAID, GENOA, MA SKILLES, TA
CASABLANCA, ANTWER
HAMBURG,
GILMAN & CO. LTD.
Horth Point Wharves: Grön.
Shanghai Hoaukew Wharvan 16%, II.K. Dock 17% n.
Chlon Providents Ex, Dir. 10.
hanghai Duckranda 40. Wheelock 2.
ΜΙΝΙΝΟ
Raub Mines 1,699.
H.K. Mines 01.
· LANDR, HOTELS & BIDES.
.. Hutele 01.
H.. Laps 44.
Shanghai Iuris, 1.40h.
lamphreys 101a.
H.K. Hvalties 20.
Chinese Extaten 12in.
PUBLIC UTILITIES, IX. Tramways 18a. Peak Trama (chá) 18.
(New) . Bar Perri Bin. CLights (Old) 11.20.
(New)-8.30
JIK. Klectrilen 26, Macko Electrics 20m. Sandakan Lights B3⁄4n. Telephones. 17. Shanghai Gon ·!}1⁄2m.
INDUSTRIALS Cald, Mac. (Dril) 1km, Canton Ice lyn. Cementa Ex.Rights 113, 115kne, B.K. Ropes 14a.
·STORES, ELE Dairy Farms 39s. Watsons Ex. Rights 2014/28km...
25241 26165,
5. Crawford 2156h, 22mm, Bincere 3.8/us/
China Emperium Bláb,
Kwang Bans. Hong si
Wing Out (II.K.) oz. Wm. Powell, kid, D.
MISCELLANEOUS China Entertainments 154, 15ɛm. HK. Constructions (Old) 3.40.
(New) 1.500. Vibro Puinas 11. Mersman, Luvestmenta „18n. Harman- 12. 10. Varietaxes 44.
Ewue 271b...
COTTONS
RUBBER, ale, COMPANIES Alma - Estates -15}$0. Angle-Datch 30. ADKOLÍKY
S
Bálu “Atama":480 Beto Plantation Chemor United as
hene Rubber in Consolidated Rubbers th Beminion Rubbers 1.89p,
·Kota Bahroo' „Zên, Kroework Javao ilib. Langhals in.
Repah Rubbers on. Rubber ste Si.
Somegnen Rubbers '984, Semambu Rubbers ¡m Shanghai Kedilu +44b, '49». Shanghai-Mainys 197) Shanghai Pahang Jin. Shanghai Bumairas on. Sua Manggla "¿10%. Bungel Darla 17166,
Tebone Rubbers
Tanah Meraha 586, 1988, 160ma.
260. Ziangbe Rubbers 10n.
Money Market
Bombay, April 15.
lla's textile industry is less worried about Japan's ra-antry into the world market as a com petitor, than solving the problems of replacing worn-out machinery and uncertain, internal labour conditions,
Out of the nearly 400 mills. in the country, some 240, or about 60 per cent, are using worn out machinery and produce cloth of inferior quality.
The machinery installed in
a 'good portion of the others is obsolete and labour's go. slow palley coupled with de mands for more pay for leas work is causing -management. a'headache.
the labour,
Industries
in China
New York Stock Exchange
'New York, 'Apell 14.
A late telling drive chapped
[stocks" down by sy
around two boláts
mo
blow
Fout before it got well
numerous
intense mut oled and
above 'lows for the
closed
day
Q
For a short behind in it the high speed ticker tape. The Lite reporting 'transactions.
Burst of activity holster turnover
around 2,000,000 Traders were
ito.
unable to put" a Oniter on any particular hows that might account for theredged *selling.
The market, however, has been rising since mid-June. For months If they can solve
San Francisco, April 11. problem and get enough modern
Light industries under the many brokers have been predlet- Indian North roplacement machinery,
East China Industrialing a relapse.
Artong the losers were Santa Industriallate feel they cannot Department are producing
Pennsylvania Railroad, Baltl- Te existing only malfall their fotaign Markets but also expand more goods at less cost than more and Ohio, Chesapeake and was the case in the past, Fek-Ohio, Chrysler, Goodrich, Dau- Nickel Plate, Bethlehem Ing ftadlo reported 'tonight. Steel;
them.
bulk
It quoted Ogures from the Do-glas, and Zenith,
goosted a bit
were
A block of 5,200 shares of
Dow Jones averagea: Ralls
*Stocks'
The main reason for this be
Charles let stems from the fact that apartment as showing that the
American Broadcasting, large proportion of India's ex-production cost of sulphurie pulp Pfizer, port trade In textiles is limited in the Shih Yen Paper Mill in U.S. Steel, General Motors, Unit- to a few varieties such as Greys, Mukden had been reduced by ed Aircraft, Standard Oil of New
18.46 per
cont compared with Jersey. Bleached. Sheetings and Prisits. February last year, while that of Of these, Greys form the
newsprint produced by the An- of the exports. They are priced ur Mill had decreased Pacific Cias and Electele sold un-
a ready
changed. so low that they find innrket in Malayn and other Farby 20.5 per cent compared with
The
last April. Eastern countries as well as Africas and the Middle East.
Mukden's Government - owned rubber factories now cost 7.7 per So keen is the demand that the cent less and bicycle tyres 27.7" allotted export quota of 800,000,- per cent less than in January last 000 yards for the 12-month period year, the Radia further reported. September 1, 1949 to August 31,
It described na particularly re- 1950, has already been sold out markable, economies achieved by und it is reported the Clovern rubber factory whose driving ment is considering releasing on-belt products had fallen in price other 150,000,000,000 yards dul by 38.23 per cent.
of the ensuing year's quote.
Rubber car tyres mode in 75.04; 20
Industriala 21144; 28 55.54; 10 Vlitics 481 Closing quotations, Adams Express 22% Alaska Juneau 2 American
117 29 230 Smelling Bl
Telephone 1543% Tobacco 09 Waterworks 11%
t
14
Anaconda Cop
Aviation Ave 10%
"As a result of such falling
Baldwin costa, the North East light indus- In the production of Greys, in-try contributed more than 57 bill The Hon North East dollars to the dia's advantage, is obvious.
cloth is of course variety and wealth of the State in the last lower count cotton is used. This quarter of 1940, the Radio type of cotton grows abundantly stated-Reuter. In India
India's hopes
'Hopes of 'textile Industry spokesman that india will ke able to hold her own In the export field are based on the following:
..
1. Japan is a hard-currency area and, there is or acute dollar
are
BANK OF CHINA ACTIVITIES
San Francisco, Aprli 11. Eleven of the 19 Bank China branches abroad have restored -normal
connections with the head office, according to head Mr. Kung Yin-ping,
Sena manager of the Bank who
These branches are in Hong London Singapore,
'Calcutta, Karachi, Chittagong,
shortage in countries that quoted by Peking Radio tonight,
India's present customers;
2. The bulk of India's exports! goes to the sterling area from Kong, which Indin, because of her 'dol-Penang, Kuala Lumpur, lar scarcity, must fargely buy her Bombay,
which
so that the balance of pay-Rangoon and Jakarta, Mr. Kung "meat"
adjusted easily produced is
In a Bank report Mr. Kung 3. The domestically
stated that the Bank of Chiha lower grade ebtton"wh goes become a bank particularly lartely into the manufacture of for handling foreign exchango, Greys and in the production of It has also done good work in which India holds a neur virtual helping exports, transferring se monopoly, has the price advan-mittances of overseas Chinese tage in that Japan must import and controlling foreign exchange. cotton and prices for foreign cot-Reuter. ton are very hight credsta
Industry-conscious and wants to export as much finish- ed products us possible. Conse- quently the availablilty of India short staple cotton" to foreign will be restricted to those which calinot be used by
'Becoming
INVENTORY OF INDUSTRY
San Francisco, April 11. The Commulst authorities In: China are to undertake a thorough Inventory and "survey of all: miries, mills, factories and other operated undertakings
and cp building up and improving traile operative satutions or jointly- connections. And connections ruh By public and private enter
5.
Ind
now has more trade and diplomatic envoys abroad
than over before engaged in By Condizet public
Barnsdall Bendix
endix Aviation 41%
Bethlehem Steel 3614 Aircraft 2814 Boeing Borden
Canadian
Co.
น. Case
50% Pacific 15%
454
Commercial Solvents 17
Corn Products 65% Du Pont 724
Eastman Kodak 47%
General Electric 4014 Motors 705%
Goodrich 86
Goodyear 63%
Homestake Mining 43
International Harvester 27
Paper -39
"Tel & Tel 12%
**
Johns Marrylle 48 Kepnecott Copper 51% Montgomery
3334
National 234
Lead 40% New York Central 1416 Packard Motors 3%
Pan American Airways '9
insylvania RB 17 ∙Corp 10% Reitlington Ruhd 123 Republic Steel 20%,
Schönley
Sp
Sears Roebuck.44% Shell Oll 89% Socony Vacuum 17% Southern Pacific-524 Standard Brands 23%
Oll of Calk, 80%
O of N. J. 711
Studebaker Union Bag 29%
Carbide 15.7% US Rubber 42
"Steel
rice bullt stay for long time, prise, "according to Péking Flodisf
if the customer gets satisfactory tonight.***
goods.
Lines
Sheet & Tube 80% Gen. Pub. Utilities. 17% The bond market was narrowly. The purpose of the survey £;
States GoverÜ- The principle advantage which to provide the State with a com-mixed. United Jopon has over India is cheapier niete picture of the assets, per- ment held steady,
and situation Inall. Lower in the curb ware Im- sondel Tabour costs. Japanede looms are public enterprises. This will periat Oll, National Union Radio, ***** l'autómatle with one mill hand
be of vital importance for the Standard Power.
Higher were Kaiser Frazer, US dollars made a sharp realehdips to more than a dozen development of national indus- Friday's spectacular drop. covery, yesterday afternoon after whereas in India a mill worker trial planning, the Radio dald Northrop Aircraft, Piper Aircraft
cannot attend to more than "a Reuter.
Credie Petróleum, "Affsöchsted" The market, still uncertain pair of looms. from the previous day's shake-
up, opened at HK35.043⁄41⁄2 --but Modern machinery
there was.un obsehtë BL BEVEƒS.
ARGENTINA READY FOR MEAT TALKS
By tiffin time it'climbed to Since labour costs are a "very $0.0544. Opening in the afternoon, important flam-next only to the
Buenos Aires, April 11. news of heavy buying by bir, cost of raw cotton=-the, manu-i
The Sr gain hunters at does sent the price up to 48.1334 and this rate tecture or textiles, thula is try
“to Alice
luce them ""by "dnetur nounced was militained until the close when it was down by a center aflog the importation of mollern to start helt
Brizon TT opened in the morning at exile
autome machinery, equipped with with In HK48.09. In the afternoon busi-automatic looms.
At present the number of such
buchbassy to the ness was done between 86.17-tind
dutómatle loom mills is very low that the talks on 30.18.
Sterling opened at 20C 15.20 and great efforts finust still be Argentine
Hade and closed fit 15.15.-
Australian Bolincs were Ma- Hills
This tionary at HK$12.50
Press
NY RUBBER
New York, April 11. ...Crude rubber No. 1 futures closed 35 to 60 higher with sales of 78 contracts.
May
July
96ptember
December
23.60
02:80
20180 maked
20:30
Spot No. 1 ribbed 'smoked
dmy decis 43, 8/8 tipmipl
Jed Press.
Ministry
aprogoth sides but,
the
Kwik is, believed that,
'Piastres renatbed nominal. "tit | tank will still balaffew years: féllente.. discussions wu xe
at before Japan regains her pré uhllerway then as both sides are,
Before the
flon "drops "aDY
However,
fodernise the
ppreciable
on that day.
circles be
Jieve
NEL Guilders sifter openi
HK-43. a 440, went up to $450
at
the logo.
unchanged
at
then britsig ling strando
part
LONDON STOCKS
London, April 31. ⠀⠀ Stocks fotfed along in harrow
war texille strength and during and for all Rauber bangtan ranga (on the Stack Exchapin the nterval India will be able to muke Tretik hebdway,
oblom
anxious to instile the matter once
RED DEAN LEAVES
FOR AUSTRALIA
In subdued post-Easter
An' exception: was dollar, stocka which showed light gains ‘re-- |fecting thỏ: récent upward trend cy Well Street Rubber shares
Index Associat
VEMENTS
The Global Fleet
S. S. PRESIDENT CLEVELAND
will sail for
SAN FRANCISCO
Vio
Kobe, Yokohama, and Honolulu
on.
Friday, April 14, at midnight
Passengers are requested to board the vessel Friday, April 14, 1950 between 0.09, P.M. and 10:00 PM.
:
Baggage Room and hold baggage will be received in Kowloon Godown No. 50 (No. 2 Gate, Canton Road) on April 13 from 9.00 AM. to Noon and 2,00 P.M.
to 5.00 P.M.
BEN LINE
TO AND
ARRIVALS
..FROM
CHAP "BENATTOW" "BENNEVIB"
U.K. vie' Bingepbře.
*BENCRUACHAN”
+"BENWYVIB"
"BENCLEUCH"
"BENVORLICH" "EENARTY"
"BENMACOHú?” "BENALDER”
SAILINGS
DUE
160*ARC
on or ab, 27th Apr.
soth Apr. 01h May 11th May / 27th May
8th June
1ith Jung
28th Ju
4.
London, Antwerp, 'Ardam, Hamburg
Hull,
Loading on or abt.
"BENATTOW" "BENCLEUCH" "DENMACDHUI”
20th Apr,
18th May
16th June
Genon, Liverpool, Avon- mouth, Le Havre,& Hamburg.
Soth' 'App.
"BENNEVIB"
NWYVI6" ENARTY
"BENCRUACHAN”
"WENVORLICH":
"DENALDERY
'Gença, "Avonmouth, London,
'Rolterdam,
Hamburg 4 Hull,
12th May
10th June
ård Max
Dublin, · ́Havrp," "Ant-
20th May
29th June
Liverpool, Glasgow,
Warp 4 Rotterdam.
Vie Malnya, Origmby, Port Budan, Aden, and, Buez Canal.
Accepte Caron for Japan.
For Further Farticulars, Apply To
W. R. LOXLEY & CO, (CHINA) LTD, V
York Building.
Agents
Telephone: 34165.
THE EAST ASIATIC CO., LTD.
M.S. "NORDPOL
Loading 18th/44th April
for
ADEN, PORT SAID, GENOA, ANTWELF, HOTTERDAM, HAMBURG, OSLO, GOTHENBURG & COPENHAGEN
THE EAST ASIATIC CO., LTD.
218 *loor.
Tel. 34111 & 24112
DE LA RAMA LINES
to New York Japan, and ?M.Y. “AGAMEM
Tambica
U.S. ATLANT
NICETA NCORES!
Itimore, Philadelphio, cific coast ports
BUTTERFIELDY
23rd Apr.