THE CHINA MAIL, MONDAY, JULY 10, 1050.
BUTTERFIELD & SWIRE
CHINA NAVIGATION CO., LTD.
"SOOCHOW"
"SHENGRING"
"FENGTIEN"
"PAKHOP"
"POYANG" *HANYANG
"SZECQUEN"
"SHANSI"
"'YUNNAN” "FENGTIEN”
"PAKHON"
"POYANG"
"SHANSI"
"SZECHUEN"
SAILINGS TO Bangkok ...keelung
.Yokohama, Nagoya
Osaka & Kobe.. .Kaohsiung, Yoko- huma Nagoya, Osuka & Kobe Tientsin Singapore, Djakarta, Samarang, Soura- haya & Macassar Singapore, Penang
Belawan?
Bangkok
• Sails from
ARRIVALS FROM
Saigon
Indonesia & Singa-
purc
Bangkok.
Tientsin & Tsingtao Kobe
Kabe & Keelung
5 p.m. 10th July
5 p.m. 11th July
5 p.m. 15th July
5 p.m. 15th July
5 p.m. 15th July"
5 p.m. 19th July
3 p.m. 23rd July 24th July
Custodian Wharf.
10th July
11th July
7 a.m. 12th July 12th July 20th July 20th/21st July
AUSTRALIAN ORIENTAL LINE LTD./CHINA
NAVIGATION CO., LTD. JOINT SERVICE
.Japan
2nd Aug. 11th Aug.
SAILINGS TO
"CHANGSHJA ...
..Brisbane, Sydney &
Melbourne
"CHANGTE"
.Japan
6 p.m. 11th July 1st Aug.
"ANKING"
.Sydney & Melbourne
ARRIVALS FROM
Jupan
Australia & Manila
28th July
Australia & Ocean
Island
.Australia & Japan.
20th July 7th Aug.
""TAIYUAN”
"CHANGSHA
"CHANGTE" "ANKING"
"TAIYUAN"
In Purt
"
BLUE FUNNEL LINE
Scheduled Shilings to Europe via Aden & Port Sald.
"AENEAS!
...Dublin & Liverpool
27th July
"AUTOMEDON"
N. Africa, London,
Holland & Ham- burg
29th July
ARRIVALS FROM
"AUTOMEDON"...U.K. via Straits &
Manila
"PATROCLUS"....U.K. & Rotterdam
via Straits
U.K. via Straits
"CYCLOPS"
"ULYSSES"
•
14th July
16th July 26th July 1st Aug.
Manila
12th Aug.
"PERSEUS"
.U.IC. & Rotterdam
via Straits
18th Aug.
**AUTOLYCUS"
.U.K. vin Straits
24th Aug.
.U.K. vio Straits
"ANTILOCHUS” ..U.K. via Straits
DE LA RAMA LINES
Salling to NEW YORK, BALTIMORE, PHILADELPHIA, via JAPAN, PACIFIC COAST PORTS & CURACAO "HALLAND"
"AJAX"
Arriving vin MANILA from
FINANCE AND
COMMERCE
QUIET RALLY ON NY
Reds place
STOCK MARKET ENDS embargo on
Corporate bonds stand still
to rise
New York, July 8. The corporate bond market tried
out of its war but slump this week,
the mounting gloominess of mill- inry news stopped all forward
action.
As a result, Barood, Indus. trial, Utility and foreign dollar jaten nii lost a little ground on the average.
Rail and foreign dollar issues jollowed the severe declines of the previous week with another sharp stop on Monday. After the July 4 holiday seaston, rails steadied hit on Wednesday. On Thursday both rail and foreigns struck out into a positive advance, the first 1 nearly three weeks for both of them.
After another slight forward
movement on Friday morning, the market reversed its course and was still on its way down at the close.
Although the government's au- thorisation for use of the draft was not announced until after the close of trading on Friday, it was evident the financial district had been anticipating soine such move. and reports of Northern Korean
the chief gains were 'actors in filting the market down late Friday.
The
The Associated Press average of 20 rails had a net loss of point four of a point for the four days work. This compared with a drop of 1.2 in the previous week, For- elgn dollar issues lost 1.4 at 717, against a 2.1 decline the week be- fore.
point were
one
Industrinis Tower at 102 and utilities sagged point four at 103.9.
It was a slow trading week with par value volume for the
four Dollars days totaling 10,001,000 compared with US$31,505,000 for live days n week earlier.
Long term US. Treasury bonds moved irregularly all week, with conflicting pressures keeping all price changes small.-Associated Press,
17th July Three possible
courses for business
U.S. ATLANTIC & PACIFIC COAST PORTS
. 18th July
Carriers option to proceed vla other parts to lead & discharge cargo.
All the above subject to alteration without notice. For Passage and Freight particulars please apply to
CONNAUGHT ROAD CENTRAL Tel. 30331/8 Private Exchange..
BRANCH OFFICE 50 Connaught Rd. West. 25875, 32144, 24878)
AMERICAN PIONEER LINE
to and from
Atlantic Coast Ports of
the United States
and Far Eastern Parts
NEW FAST CARGO SHIPS
·ARRIVALS FROM ATLANTIC
“PIONEER WAVE”
"PIONEER LAND"
"PIONEER SEA”
SAILING TO MANILA "PIONEER.WAVE" (vin Keclung & Yoko-
“PIONEER LAND” (via Yokohama
kama)...
Takubar)
Yokohama
.Aug. 3 ..Aug. 13 .Aug. 25
&
.Aug.
Aug. 14
..Aug. 20
G
"PIONEER SEA” via Keelong, Kobe &
SAILINGS TO NEW YORK, BOSTON, BALTIMORE, PHILADELPHIA via 'JAPAN & PANAMA CANAL
"PIONEER DALE”. ....Arr. July 18 Saila July 20
"PIONEER LAKE"
"PIONEER WAVE” G
"PIONEER LAND"
Aug. 11
"
Aug. 13
Sept.
ป
Sept. 7
,, Sept. G Sept, 8 -For rates, special information call ·!
· UNITED STATES LINES
Queen's Bldg. COMPANY
Tel. 28190.
The 'shova tist Indiested the principki p arts, et; leading and dischargi
äs, groundly tätended, but met thile res attinet, Fer further informas Liona pro achotuin, 16, tho”. Compute
Cleveland, July 8. Three........ possible course.of.. business behaviour depending on military trends in the Fur East were predicted today.
Mr. Addison T. Cutler, Trade Economist of the Federal Reserve Bank of Cleveland, listed these routes that business inay take:
"If the conflict in Asla de- teriorates inlo
world
war, business economy would be in for a complete transformation, with government controls paramount.
"If it merely deepens, business is likely to enter an Inflationary period where military demands make heavy luronda on produc... Llon, civilian consumption is squeezed and prices and income ore boosted by stepped up gov- ernment financing.
"If it is settled quickly, busi- ness has a sporting chanco of maintaining genuino prosperity."
Associated Press.
Now York, July 8.
A quiet rally on the stock market blew up in smoke
this wook.
In the last couple of hours of trading on Friday nervous selling-which had been almost ab- sent during the week-flared up and the laboured gains of 2 days were all but wiped out.
The Friday selling was based largely on rumours which were givón a degree of factual backing the
when it was announced, s market closed that the President and authorised the use of draft,
the
During the week, though, in vestors and speculators held their operations to a sedate parc. Korea, and the many implications of U.S. Intervention in the fight - -dominated trading ing there, strategy only to the extent that caution keynoted dentings.
rcs-
Two new
loans to Turkey
Washington, July 8. The International Bank an nounced today two loans to There was ttle market ponse to the likelihood that U.S.Turkey totalling $10,400,000 for participation in the Korea war port development and grain might drag out for months or to storage facilities. the day to day flow of batik fortunes.
The loans were $12,500,000 for development projects in major Turkish ports for a term of 25 week's years with an interest rate of little3-14 percont plus one per cent
The
commission, amortisation pay- ments beginning 1956; and $3,900,000 for the construction of Krain storage facilities for a term of 18 years with an interest rate of 2-% plus one per cent com- payments misalon, amortization beginning 1954.
On the average, the dealings left the market changed from a week ago.
Mon- prica curved downward day, up on Wednesday (after, The|| Tuesday Fourth of July rec. ) and Thursday, and down on Fri- day.
Opinion in Wall Street seemed to be shaping up into two tinct groups:
Wishful thinking
dis-
carpet wool
New York, July 0.
The Journal of Commerce said it had been informed by Importers usually in daily touch with shippers in Tientsin an-1 Shangliaf that the Chinese Communist Government has placed an embargo on all ship- ments of carpet wools from those cities.
The wool prohibition was said to have been sudden,
Before the war, China was the chief supplier of carpet wools for the United States industry, Japan's invasion of North China in 1037 virtually ended this trade until 1947 when shipments in quantity were resumed.
The newspaper,
financial journal, maid the embargo has dashed the growing hopes of im- porters that the Chinese rug wool
trade might be restored to some- former
thing approaching its vigour, thus relloving the press-
ing shortage of those wools felt by currently embarrassed Amerl- can carpet manufacturers--AS- sociated Press.
Soybean deal questioned by Senator
P&O B.I. E&A
COMPANIES
PENINSULAR & ORIENTAL S.N. CO.
PASSENGER/EREIGHT SERVICE".
A "OUTWARDI
***CANTON**
"CARTHAGE"
LEAVES LONDON**·
Balled
With Jub
24th August.
Via Southampton, Tost Bald. Adén, Dombay,
HOMEWARDS
#. "CORPU
4. "CANTON"
#4 "CARTHAGE"
B. "CORYE
*. "CANTON" ***CHUBAN“
Bings.porn.
4th Au
1st September
·DER HONGKONG
*Cat "Zuty **
19th Avenat
fith September
Colombo, Finanz &
LEAVES DONGKONG'
DUE LONDON
Sch Deplumber
2nd October.
Both Olber. ·
2715 November
· Bith December
4th January
29th September 27th October
zird November
9th December
• Disembarks presergers at Bouthampton on Bird December. Accepting earro for Slaxapore, Penang, Colombo, Donday, Adum, Port Bald & London.
OUTWARDS
"SOMALI "KRYBER"
HOMEWARDS
"SOMALI" "KEYBER"
FREIGHT SERVICE
DUE HONGKONG
In part
17th Jul
FROM
London & Coutinent.
LEAVES HONGKONG 341h Aurrunt
24th August
FOR
London & Continent.
Accepting Cargo for Singapore, Port Gwe tienham, Penang, Golo- ba, Aden. Port Bald, Genos, Marselle, London, Hamburg, Ant- warp & Holterdam, With Uberty to call at, Domber if inducement offers.
TANKS AVAILABLE FOR CARRIAGE OF OIL - BULE. SPACE FOR REFRIGERATED CARGO." LIMITED -PARSENUEN ACCOMMODATION, AN
BRITISH INDIA S.N. CO., LTD.
" "BIRDHANA" --
"TAIREA"
due 27th July
alle 14th July
eth Aur.
∙From Caloutta, Hängoon
& Gtralia,
for Japan.
from Calcutta, Rangoon
▲ Straits."
dua
sails * 8th Aug., for Japan,
• These ships have Netzigerated. Gergo s400.
P. & O./B.I. JOINT SERVICE,
to
#.. "ITOLATM
Washington, July 7. In an announcement, the Bank
Senator William Jenner, Re- said thin both projects' are essen- tini for Turkey's present needs publican of Indiana, said today and for its future development. that Munchurian soybeans, pur-
harbour facilities Inadequate
chased by the United States One took the view that ald
have resulted in overcrowding from the to the Koreanu was
Chinese Communist nat the and
excessive
port chargés, first step toward World War thereby limiting
both foreign government in an exchange for Three. This theory was based trade and essential constwise cotton, are going into Talwan. on a combination of wlahful
Senator Jenner demanded traffic. Fort development projects thinking and the fact that thus
will increase operational efficien- know whether the deal for the far Russia had done no further
was "engineered be- cy of the main ports and will soybeans than to, verbally denounce our
the
Chinese Communists simulate trade and production cause behaviour in the Far East.
by increasing the country's capa- desperately needed cotton-so de
even city to handle shipping.
sperately that they were "Grain is Turkey's largest crop willing to run the risk of the and the present storage facilities soybeans falling into the hands are poorly equipped and insuffi- of their bitterest enam-General- clent to handle the annual move-issimo Chiang Kai-shek?” ment of grain. Modern storage
"If the record was not replete facilities
reduce loss from with almost unbelievable exaIX- exposures, and spillage and effect ples of omelet American bungling considerable savings in handling
in the Orient, it would be im- costs.
bellave our possible to
Govern ment could have permitted this cotton for fantastic
Boybeans swap," Senate Jenner added,
The Senator complained that American growers had been led buy US soybeans for to believe the Government would export.
The other group took the stand that the sweeping change of U.S. Für Eastern
sooner policy
or
later will lead us into open con- fillet with the Soviet Union. The only difference in opinion' here way of timing-does Russin want wor now or later?
The general tendency was to sit back and wait to see what happens next.
Business news which might normally affect the market was relegated to the background. The economy was rolling along at top speed but traders were well aware that Korean developments might dig a trap around the next corner.
But people who were in such A hurry to unload their stock on Friday, were just asyikely to be back in the market buying on Mor.day,
Active_stocks
will
"The New agricultural equip- the ment being supplied by ECA and the availability of more crensed production and ultimate- storage space will stimulate in- ly greater exports of grain, which should result in greater to exchange earnings." United Press.
Japs seek credit from U.S. banks
Tokyo, July 9. Japan is asking for U.S.
He said growers, after moving a large part of their crop losen- ports, still are awaiting sales.— Associated Press.
OPIUM HAUL... Boston, July 5. Opium valued at U.S. $10,000 In the bicckmarket was found by customs agents during a routine. search of the freighter President Fillmore of the American Presi- dent Lines today.
Agents said that 18-4 ounces
** "HALIGONIAN
QUEEN"
due lath for snila 15th July
dua 'end July
from Japan,
·-for-' Biralta, Colombo,
Bombay,
Barvien Guil,
from
Karachi..
Perlin Quif. Karachi, Bonbay, Colón» Bo Stralte,: sails and July, for. Sapang
2
EASTERN & AUSTRALIAN 5.5. CO., LTD.
*. “NANKIN"
due 12th July from. Avetrana, m
all 10th Aby. for Rabaul #Analrails.
Accepting cargo for Drabané, Sydney, Helbourne à Adilakis, and on through bills of lading for New Zealand & Peains filand ports,
All vessels have liberty to call at any ports on or off the route, and the routes and sailings are subject to change or amendment with or without notice.
For full porticulars apply lov
·MACKINNON, MACKENZIE & CO.
Telephone Nus-27721-4,
orders $100,000,000 credit from Unit- of the narcotic were in a brass CHINA NAVIGATION CO., LTD.
Baven of the weeks most active stocks finished with gains, most obviously because of the affect the War might have, American woolen ed States banks replacing the shot up $3,50 a share to $28.37. raw cotton purchase credits Other gains were Around $1 a
which expires next month and share or less, among them:
extending its application to Willys
Overland
$7.12, other important commodities Socony Vacuum $20.00, Curtis including petroleum, the news Wright $9.37, Sinclair Oil $26.37, North American Aviation
agency Jj press reported to- $15.13
day, and Bethlehem Steel $36.25.
Government Losses were limited to
around
at
Jill, quoting
$1 a share or less among the sources, sald the Japanese Gov- most active issue except for Ad-ernment made approaches to Gen- miral Corporation with a drop of eral MacArthur's advisers for assistance in renewing the credits under which Japan had been Anancing her purchases of raw cotton from the United States,
$3.87 cents to $28.25.
Others down were Radio Cor- poration at $17.62, U.S. Steel at $12.75, General Motors $86.12, Chrysler $70.25, International Telephone at $10.75, Westing- house Electric $31.25, Du Pont at $74.87 and General electric at $44.75-Associated Press.
Why you should
take an Alasil when you need an Aspirin
THERE're very good reasons why thounds are now witching to Alesi!"
・and why it is so widely prescribed by Doctors, Dental Surgeons and special leta. Madical opinion agrees that sepirin and other petreslley- ing tablets should be allowed to break up in water or in the mouth before swallowing, "Alasil?hablets are speci ally designed to break up al ́ence is water or on the steque, thus" semuring that they see not only mily
lowed but begin to act immediately, keinging quick and effective relief of pain. Furthermore, this rapid Fietskegration is an indication of their quality na sino le - their entire freedom from gritty matter.
Alquil' tobberá are a product of the 'Ovsking' Research Laborstories and mach an important advance; in the relief of pain. They combine the highest mality mplein withe Nocoltman affective antacid and Momach sedativa, One of the purpose of this scientifiayaanbination it to WITH "AANE SETTOta penerally acceptable, even to those with venaliva digestions, without urplesara after-effects
Take "Nail" for: HEADACHE, TOOTHACHE COLDS & CHRIS, RHEUMATICPAIN, LUNBAGO,
SLEEPLESSNESS & PERIODIC MAINS.
Alasil
The New & Improved Form of Aspirts and note the Difference!
Note the speed with which Alasil brwa ku Cage des Wabarwor on the Forgien s an Important
the Kinočne len the Quick Relial of Fain
DISTRIBUTORST RDINE MATHESON & CO.
container that had been placed In a five-pound coffee can in the stewards' department. The agents continued to search tho vessel which arrived from the Far East. -United Press.
NOTICE TO CONSIGNEES
CONSIGNEES PER
STATES STEAMSHIP
COMPANY
1.8. "OREGON"
The US$60,000,000 credit for the raw cotton purchase Revolv- are hereby notified that their ing Fund was underwritten by cargo is being discharged into the United States Export Import the Hong Kong & Kowloon Bank, the National City Bank of Wharf & Godown Co's godown New York, the Chase National where it will be at consignees Bank, the Bank of America and risk and subject to the Wharf's the Heary Schroeder Banking terms and conditions of storage,
Corporation.
Collateral for the loan was and where delivery "may be US$120,000,000 worth of Japanese obtained. gold and precious stones held in lody by the occupation อนุ thoritica.
Jiji sald the Japanese want to see the size of the credit in eleased to US$100,000,000 and the revolving fund applied to the purchase of crude oil and other cssential raw materials-United Press.
Bombay airline officials here
A twin-engined Beechcraft type passenger aircraft arriv ed from Bombay yesterday.
Owned by the Indamer Airlines, of Bombay the aircraft; is here for the first time.
Bix persons were on board the aircraft when she touched down
Damaged packages are to be left in the godowns for
exi amination by Consignees and the Company's surveyors, Messrs. Carmichael & Clarke at 10 am on July 12, 1950.
To comply with the General Bonded Warchouso Regula- Hors, consignões must have a Revenue Officer in attendance when damaged dutiable goods
examined.
Bro
■11
No cialis will be ̋ admitted after the goods have left the steamer's godowns, and after July 15, 1950, will be goods remaining. undelivered
subject to rent.
All claims against
the
at Kal Tak at about 4.15 pm. steamer must be presented to yesterday,
the Undersigned on or before
They are: Mr. and Mrs. H.-J. July 20, 1980 or they will Anderson (the plane's pilot and not be recognised, b
his wife); Mr. and Mrs. P.-J. KARTUS Kostarel (the Manager of the "No" Firm Insurance will be Indamer Airlines; and his wife; | affected.
Mr. and Mrs, 1). „8. Anderson, D
According to Mr. Rossarch, the Indamer offel is" are here to purchasó, sorg, squircraft from I lobal airline, RGIE DENE
DODWELL & CO, LTD.
Hom Hant Thay are axported to be in the
(A.O. LINE/CHINA NAVIGATION: JOINT SERVICE)
M.V. !
'CHANGSHA
NOTICE TO PASSENGERS
Salls:
From Kowloon Wharf No. 1 on TUESDAY, the 11th JULY, at 6-P.M. for BRISBANE, SYDNEY AND MELBOURNE,
Baggage:
With the exception of hand packages carried by passen→ gers themselves, ALL BAGGAGE miust pass through the Wharf Company's Godown for loading on board by ship's Blings.
HEAVY BAGGAGE should be sent to the Hong Kong & Kowloon Wharf Company's Godown at No. 2′GATE, CAN-· TON ROAD ENTRANCE by NOON AT THE LATEST on MONDAY, 10th JULY. Heavy, baggage CANNOT BE ACE CEPTED on the day of calling.
Embarkation :
Passengers should embark between 4' p.m. and 5 p.ni, on TUESDAY, 11th July,-through No. 1 GATE, KOWLOON
WHARF.
Agents: BUTTERFIELD & SWIRE
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