R.I.L.
ROYAL
INTEROCEAN
SINGAPORE, JAVA
PORTS and
-MACASSAR
"TJITJALENGKA"
"VAN HEUTBZ" *
"TABMAN"
ARRIVALS
In Part
LINES
п
SAILINGE
20th July
14th July 25th July
25th July
29th July
* only to Singapore, Penang & Def. Dell
• MANILA, EAST &
SOUTH AFRICA &
SOUTH AMERICA
"RUVG"
"BOISSEVAIN"
"TJIDADAK"
JAPAN
"TJIKAMPEK"
"RUYS"
"BOISSEVAIN"
THE CHINA MAIL,
FAY, FURY
FINANCE AND
COMMERCE
EGYPT AWAITING DROP | New York
IN WORLD OIL PRICE
H.K. Stock Exchange
A slightly better sentiment provalled in the latter part of the day's trading and there was quiet demand for popular Indus- trials. Hotels proved an excep-
lost tlou, however, and ground, closing with sellers at $7.10. The undertone was stendy.
H.K. Govt, Loans
ARRIVALS
SAILINGS
In Port
12th Aug. 27th Aug.
6th Aug. 5th Sept
ARRIVALS
In Port 3rd Aug.
13th July
15th July
4 Lens Dfb.
3rd Sept
15th Aug.
SAILINGS
Agents: HOLLAND-EAST ASIA LINE
EUROPE vio MANILA
and MALAYA
"LANGLEESCOT"
"MARIEKERK"
ARRIVALS
SAILINGS
12th July
In Port
"MELISKERK"
carly Aug.
early Aug. carly Sept
Through B1/L Istund
to
Mediterranean and Northero
European ports,
JAPAN
"MARIEKERK”
"MELISKERK"
early Aug.
early Sept.
14th July
early Aug.
MÆLKING'SŤ BUILDINGJETELERTONESE ÉMISZTUSPRRITES E
SCHINENUSTALONI SE IZLOUNNAMÜHTERBABECZN|182119,723113 2
TOTA
ISTHMIAN LINE
(Isthmian Steamship Company Now Yerk)
DIRECT MONTHLY SAILINGS TO NEW YORK
VIA LOS ANGELES AND PANAMA "AKTION" "GREENHAVEN TRAILS"
.24th July
2nd Sept.
SAILINGS TO SAIGON, BANGKOK &
DJAKARTA (BATAVIA)
"STELL ROVER"
*STEEL ADMIRAL"
ARRIVALS FROM U.S.A.
“STEEL ROVER"
STEEL ADMIRAL”
.28th July .20th Aug.
Sails N. Y. Sails S.F. Due II.K. Salled Salled 27th July 11th July 29th July 19th Aug. ̧.
GILMAN & CO., LTD.
Tel: 31146
Chinese Freight Agents:- HIN FAT & CO., LTD.
--Tels: 28823,-25553 & 23483.
SWEDISH EAST ASIA CO.,LTD.
ARRIVALS FROM EUROPE
MY. "SUMATRA"
.14th July
.18th July
IV. "DUKAT”
B.V. "MINDORO"
.28th July
SAILINGS TO EUROPE
my. "SUMATRA”
m.y. "MINDORO"
FOR
.30th July
.Mld Aug.
ADEN, PORT SAID, ALEXANDRIA, GENOA, MARSEILLES, ANTWERP, ROTTERDAM, BREMEN, HAMBURG,
COPENHAGEN, OSLO & GOTHENBURG Deeplanks available for Bulkeil
GILMAN & CO.,
Tel. 71148
% Love (1134 & 1940) Malin
Loan (1048) 962, D,
Banks
H... Bank 1220.
+
(Lon. Reg.) £7836 Chartered Bank 40 1/18
Mercantile Bank A. ♣ B. $22lin. Bank of Edit Asla 101b.
Insurances
Cantor 110, 2256. Unlon Itu. 611b.
Chlua Underweilere in. H.K. Fire Jus. 100b.
Shipping
Tuglase ID.
...Steambosta 21a. Indo Chitis (Prof.) 10.100.
(Def.) 6.
Shelia (Urarer) - #3/114m. Unipes Waterboats 18,
Asin Nav. 60b, 65.
sonit
Docks, Wharves, Godowns, Etc.
., & K. Wharves T.
North Point Wharven Sm.
1
Bhasha Itongkow Whirvm fn.
China Providenta 9.300.
R.K. Bocks 10% n.
Shanghai Dockyarda 2.704.
Wheelocks 3.
Mining
Taub Mines 4.300.
H.K. Min■ .01ļām.
Lands, Hotels & Buildings
if. & 3. Hotels 1.10%, fok.
HK, Lands 381.
Shankhal Lunds 1.050. Humphrey Ert.
H.K. Renes 1,908, 2,10%. Chinese Estaten 12an,
Public Utilities 1.K, Tramway 1019, 10.800. Peak Trams (01) 150,
(New) 80.
Star Ferries 680.
C. Lights (013) 9.065, 9.307.2008,
(New) 0.6%, 035am K.K, Electrica 216, 21am. Aseso Electrics 11350. (Now 10%.
(Bunús Bh.)' 10%. Bandakan Lights Blin. Telephones, Ema.) 3034.
(R.) zob. haushal Gas 1.
Industrials
Cold. Mac. (Drd.) =¦¤. Canton Jers u Cemente 4,70b. 1.K. Kopen 180.
Stores, Etc. Dairy Farms lätt.
(Nie) 8)ás. Watson 16. 1. Crawforda 200.
interes in.
China Emporium - in. Sin Co., L, 1.70. Kmont Sank Hung của Wing On (.K.) Ben. Wm. Powell, Ltd. in.
MiscellanaGLiS
- Chilea• Entertalatnents“ 1455.**
Hi
Constructions (Did)
(New) 1,301.
Vibro Tiling 11. Marsman Incealmenta 9/-a. Mareman (KK) SUM. Bhanghai Lot
Youngtota Al
Ewus 11.
700.
Cottons
Rubber, etc Companies
Alma Ett
Anglo-Dutch :300.
Anglo-Java 15n..
Batu Anemi
Duta Plantadona 500,
Cin,
Chenier United 455. Cheng Rubbers 1216h. Consolidated Rubbers 11⁄2D Dominion Itubber. In. Java-Consolidateda Kuta Dahror .80. Kroewoek Juras 16h. Langkats 15. Padang Rubbers 106. Repah Rubbers 12. Rubber Trasts 3.200. Somugega Rubbers · 150. Semambu Rabbera „802. Shanghai Kedaha 434. Shatha-Mainys 10. Shanghai Pabang 40h, Shangbet Bumatras in. Bun 10, Sungel Daris 173yží. Tunalı Metabs 48h. Tebong Rabbers 11%. Wangbe Rubbers Bio.
BUSINESS. DONE
(* Direct Buzalzamon)
Unlop Ine, &·m) $669.
Wheelock 100 at $11.
Cairo, July 11,
Conviction that the predominant position of the United States in the world oil picture, will be overthrown in the near future, and with it the prevailing world price structure for potroleum, has caused the Egyptian GovemTM mont to refuse to accept to date proposals of oil companies for a petroleum products agree- mont based on so-called world price.
consumers.
Stock Exchange
New York, July 10. Stocks alloped lower today, A morning decline was checked by a ponderous rally, but at the close small losses predominated. In the early declino radio tele- vision issues broke as much a US$5 nuharo. Sugar showed independent strength,
The issue that has been and Socony are expected to use raised is whether petroleum principally their Iraq "sterling
One million alno hundred and thell" to meet their commitments in throughout
were tracted—the world are not being held to derationed Britain, it is a question sixty shares
month. Or ransom under a price struc-how much effect the now agree largest figure this
meniz between British and 1,002 issues traded, 530 declined,
the ture based on the high cost of oil companies is going to have on 343. advanced, More than 100
for American Aramco and Issues hit new lows the States.
Wonkness In
half
year.
television op.
production of oil in the United merican Kuwait company.
In felds which are freely coin- An things sinnd now, it scams tently is based on the possible
petitive, the murket, with
open men in the Near Eastern fold that : price competition, would have to the presence of dollars in invest- radio drastically curtall production be ment continues to
of
פנון
rearmament on industry. Zenith Radlo blight pro- closed down 4 at 47 cause of the impossibility of over-duction. Above all it is not be- Philco of 2 at 37 T, Motorola,
the coming
great advantages llaved here the situation can con-1 at 37 %, Admrini, 2 1⁄2 at under which crude is produced in tinue indefinitely in which world 24__. the Near East.
prices remain American oriented
Daw
Jones Averages: Stocks The belief of Egyptians, who are
with United
United States Gulf Coast 30-73.14; 20 Industrials 208.10; 15 hesitating to make any agreement degree gravity base price around Rails 52.03: 10 Uunities 40.22. based the prevalling fashion of $2.67 a barrel and the price at the Closing lock quotatioria: computing world prices primarily Persian Gulf believed to average, Adams Express
American Gulf between $1.37 and $1.87, Oll men Alaska Juneau relation to Coast prices, is that the pricing here, for example, boligve Near American Telephone
Tobacco structure is wholly out of line Eastern fuel oil he delivered.
Waterworks with low Near East production at New York at only two-thirds of costs. Reports
Anaconda Copper in the all industry; the United States price.
Aviation Corp.
in the Near East are that new basing points for prices are bound
to emerge for the Eastern Hemi- aphere and that it probably will; be the at the Mediterranean.
prico end of the Suez Canal and at Mediterranean outlets of new major pipelines.
To stabilise prices The contention is that the world price system, based on the neecs. sily to prevent price wars stabilise prices in an industry iri- valving immense investments and heavy risks, can be expected to lost but that the present world
In a
pricing system,
scase
cap
Peking's finance
measures
Hem Steel
J. I. Cusc
Du Pont
PRESIDENT
The Global, Fitn
TO HONOLULU & SAN FRANCISCO via JAPAN
"President Cleveland"......Arr. July 14 "General GordonTM "President Wilson”.
Arr. Aug. 1 Arr. Aug. 3
TO SAN FRANCISCO & LOS
"President Madian" "President Piores"
vio JAPAN
...Arr. July 13 Arr. July 28
Salls July 15 Sails Aug, 2 Solls Aug. ANGELES
Salls July 14 Salls July 29
TO NEW YORK, BALTIMORE & BOSTON vio PACIFIC COAST & PANAMA "Willamette Victory" ...Arr. July 19 "Dartmouth Victory" ... Arr. July 29
ROUND THE WORLD
Sails July 20 Salls July 30
VIA MANILA, SINGAPORE, COLOMBO. COCHIN, BOMBAY. KARACHI, SUEZ, FORT SAID, ALEXANDRIA, NAPLES, MARSEILLES, GENOA, NEW YORK and BOSTON
"Bresident Jolinson” "President Monroe"
Arr. July 21 Y. Arr. Aug. A
Bulls July 22
Salls Aug.
Arr. July 25 ..Arr. Aug. 18
Salls July 20 Salla Aug. 19
TO JAVA & STRAITS
"Mount Davis" "President Fillmore"
St. George's Bldg.
Tel 28172/5.
21%
BENT LINE
ARRIVALS
FROM
QUE
204
1504
04
30%
Baldwin Locomotive
10
Bendix Aviation
4584
Boong Aircraft Borden Co.
37%
29
49
Canadian Pacific
15%
38
Chrysler
6034
Colgnic
405
Commercial Solvents
16
Corn Products
84
SHIP "BENAVON"
U.K. via Bingapore
13th July
735%
BENVRACKIE”
on or abt,
27th July
29th July
434
"BENVENUE"
44%
"BENDORAN"
8th Aug.
08
"BENLAWERS"
14th Aug.
40%
"BENATTOW**
27th Aug.
H
3734
GENALBANACH"
20th Aug.
30%
"BENCRUACHAN”
12th Sept.
SAILINGS
Tel & Tel
10%
$8,14
50%
"DENAYON"
16th July
2136
"BENVRACKIE"
"BENLAWERS"
London, Antwerp, Rotterdam, Hamburg & Hull
31st July
17th Aug
"BENGRUACHAN”
58th Bept.
"BENDORAN"
Genos, La Havre & Liverpool,
13th Aug.
10%
"BENVENUE"
01st July
"BENATTOW"
81st Aug.
San Francisco, July 10. and
Communist China is avoid-Eastman Kodak ing inflation and yet finding General Electric enough money to carry out Goodrich financial pro- Goodyear the State's
gramme, Peking Radio said International Harvester tonight.
Paper
ase too closely related to of an essentially no longer corn petitive producer such as the United States therefore may erumble at any time. Egypt, sitting right next to the big Near East low cost producing fields, would then and herself perhaps obligat-| ed to pay the no longer accurate "world price based an an but- dated standard.
Homeslake Mining
#
#
It reported that the Feople's Bank of China has been calling Johns Manville in Communist dollars through a Kennecott Copper nationwide network of publie Montgomery Ward treasuries and has in this way National Dailllers been able to concentrate on the
Lead provision of money for realising New York Central the Stato's financial plan without Packard Motors having to resort to the printing Pan American Airways
Pennsylvania DR press,
Radio Con
Corp. Remington Rand
Measures taken to protect a no
A longer competitive part of the By this method the Bank has Americas all industry from Near contributed towards stabilisation Eastern competition is showing of the nation's financial position, Repubile Steel Increasingly drastic effects in the the Radio alded.
Reynolds Tobacco Persian Gulf oil old region. The It reported that 1,867 public Sears Roebuck Near Eastern oil boom is continu-treasuries have been established Shell Oil ing steadily
Iran and Iraq throughout
during Socony Vacuum the country where investment is primarily in the past three months. Thero Southern Pacific sterling.
have been more cheque than cash Standard Brands On the contrary, Kuwait, in transactions between enterprises,
Oil of Calif. which investment Is half Amerl- and this sparing use of actual
Oll of N. J. can and in which heavy American money has enabled the Bank to Union Carbide expenditures have recently been increase loans to industries. Pri- US Rubber made, and in the wholly Aniori-vately-owned industries as well
can. Aramco fields of Saudi Ara-
M
Steri
bia, producilon is far below what hunts have been helped is" Lines
thi
had been expected at this time. Kuwait, production has been eut back from 400,000 barrels to 300,000,
Only three plus are working in 2 which is one of the richest in the world and an extremely low cast producer. Kuwalt Of Company, which made plans for building pipelines to the Mediter ranean Coast, has abandoned the Iden "until some distant future date.
Employment cut
Westinghouse
From the end of February to Youngstown Sheet & Tube the end of May total dapusits Gen, Fub. Utilities with the Bank rose four times.
0534
2034
33
$134
10
10%
Foreign dollar bonds droppe During the samo period loans and to more than five points nude by the Bank increased 10 The Associated Press average for mes, the Badlo sald-Reyter. these bonds have dropped 30 10
30 sessions to 71.4.
Money Market
US dollars opened yesterday at HK$0.044 and later dropped to $6.04. Ei the attarnoon tay went up again, closing at $605. opened at HKAL.12 arch closed at 10.13.
On the curb, Raytheon, Solar Airdraft, Kaiser Frater. Fained. Utitles and Radios dropped- Associated Press.
NOTICE TO CONSIGNEES
CONSIGNEES PER
STATES STEAMSHIP
COMPANY
Employment In the field has been cut back steadily. The sun bar of Americans in the employ K gold (industrial gold)' fluç- of the Kuwait Oll Company has tuated betwee HK$289 and been cut to. the absolute mini- $287.25 a taol in the morning mum and now consists of only a and between $281 and #289.40 in few men in top management and the afternoon. The opening and
B.B. "OREGON" baker's dozen of specialists, closing rates wore $288,50 and Surplus equipment of all sorts has $200.50.
are hereby notified that their boen
sold in great quantity • to Sterling dropped four cents to cargo is being, discharged into other all companies. Some has HKD15.06,"* been thrown onto the Kowalt Australian pounds were Wharf & Godown Co's godown the Hong Kong & Kowloon market to get rid of it. The situn- three cents to HK12:25.
Plastres continued nominal at where it will be at consigneos tion is not quite so striking in
dak and subject to the Wharf's the Aramco holdings of Snudi HK$12.100. Arabia but two gelds which have Guilders at HK$2100, were and where delivery may be Ticals at HK$27.25, and NET- terms and conditions of storage. boen
up are lying idle. unchanged. En opened The number of American ployees ta being steadily reduced! and according to
Oyewit
971-
ness reports there is evidence of deler Ridg determined, retrenchment every- where. Ibn Saud has bean
NY COTTON
obtained.
Damaged packages are to be halt in the godowns för ex; umination by Consignoes and New York, July 18. the Campány's surveyors, 11.K. Team 1004 $11,00 a $10.50, of his royalties in sterling in the the 1050 Aunerican cation plant at 10 a.in. on July 12, 1959.
usteed 'to.taka' considerable part MA“ low. Guvernicht sellmate of Masars." Cirmichael & Clarke future instead of gold woverning ing touched off a wave of buying
LTD.
I.K. B. fiatal 2,000, at $7.
Shanghai Lanil 1,000 at 81.98,"
8,800 $10.39.
19.30, 500, at 1950, 197
ILK. Electris 300 at $11.
Aala Nav. 3,000 at 65 cents.
Chine Lashs, (**): 1590. at $9.
.
China Light (014) 509, at 19:19. 400 will dollars which he has on the cation exchange. ·Fuliites To comply with the General
received to date. The royalty side closed US$10 to US$1435 a bale Bonded Warehouse Regula of the picture has been somewhat higher. casad recently
tlors, consignees must have o Crop Reporting Board of
King was paid in gold sovereigns.
Gort. %% Loan.(1848) #119,000 at:38. † 75 In the price of 'gold, since estimated 19,032,000 meren" wern), When, damaged dutiable goods for Aramco by the Department of Agriculture Revenue Omcer in attendspoe
Pacific Far East Line, Inc.
DIRECT
Fast Regular Trans-Pacific Service
BAN FRLANDIBOO, LOB ANGELKO,
OVERLAND
NEW YORK DIECAGO-DETROIT-TORONTO, NOTREAL AND ALL AMERICAN & CANADIAN CITIRA.
Ball
From
"WILLIAM LUCKENDÁCHTM "JACOD ·LUCKENDACI
Indie, Stratis
San Franciore
In part
July 10
được th July 17
Okbers, · Kebu
**TRADEWIND
Kan Francisco
July 10
MOTIDINA" BLAR”.
SPLEETWO
the
but marked difficulties are boirig planted as of July 1, compared are examined. encountered with the Saudi Art with 27,719,000 fast Year: Lowest blan. Government for the same private forecast for this year
was well over 120,000,000, On the contrary Anglo Iranian, An expected increased military half owner of the Kuwalt com- demand also boosted prices. pany, has gone up to 200,000
July bordiciober
which are
wholly
December
Drition Marat Hettich May
Traq company, pre-dominantly
*** Midd}{ng, spat": French, where the American part nors, gland id of New Jersey and ዓ. Socony, agreed to comalder : their part of production in alerting. U [2012) #2 meter skpansion ach-R
Ci dule, under way. With completion
BUSE, MOTA TAMBAY 350,000, barin
30.00-17.
35:39 bld
No claims will be admitted after the goods' . have left the steamer's godowns, and all goods remaining undelivered after July 19, 1950, will be subject to rept.
All claims
the steamer must be presented $8.00 nominal
ciated Press, the Undeigned un or before
faks 20,
Liverpool, Glasgow, Dublin, Antwerp Rotterdam.
↑ Accepts Cargo far Japan.
) Omite Hull,
Leading on or abt.
Via Singapore, Colombó, Port Sudan, Adan, and Busy Cabal
For Further Particulars, Apply To-
W. R. LOXLEY & CO. (CHINA) LTD.
Agents
York Building.
Telophone: 34165.
THE EAST ASIATIC CO., LTD.
-1
M.S. "MALAYA
NOW LOADING
for
"
ADEN, PORT SAID, GENOA, ANTWERP, ROTTERDÁNÍ,
HAMBURG, OSLO, GOTHENBURG,
COPENHAGEN & GDYNIA
"THE" EAST TÄSIATIC CO., LTD. Queen's Bldg., "Zad Boer,
BRITISH
Tel. 24111 & 34112-
INDIA
STEAM NAVIGATION COM
(APCAR LINE)
·Offer:
LTD.
SPECIAL ROUND TRIPS TO JAPAN AT THE REDUCED FÁRES
HK$600.00 (Tat Closs)~HK$450.00 (2nd Class)
during the Summer Period
rom 1st May to 31st October, 1950 Length, of voyage appro
mately 15 days
For smilings and full particulars
NOM MACKENZIE & CO.
Ker-#nil Bärt!!