R. I. L.
ROYAL
INTEROCEAN
SINGAPORE, JAVÁ
PORTS and
MACASSAR
:
"TJITJALENGKA”
"VAN HEUTBZ” *
"TABMAN"
ARRIVALS
In Port
22nd July
20th July
only to Singapore, Penang & Bri. Deil
• MANILA, EAST &
SOUTH AFRICA & SOUTH AMERICA
"RUYS"
"B018BEVAIN" "TJIBADAK"
JAPAN
"TJIKAMPEK"
"AUY8"
"00198EVAIN”
ARRIVALS
In Part
LINES
SAILINGS
14th July 26th July 290 July
SAILINGS
6th Aug.
12th Aug. 27th Aug.
6th Sept
ARRIVALS
SAILINGS
13th July
in Port
3rd Aug.
15th July
3rd Sept
15th Aug.
Agents: HOLLAND-EAST ASIA LINE
⚫ EUROPE via MANILA
and MALAYA
"MARIEKERK"
"MELISKERK"
ARRIVALS
in Port early Aug,
SAILINGS
early Aug. Early Sept.
Through B./L
Imad
to
Mediterranean and Northern
European ports.
JAPAN
"MARIEKERK"
"MELISKEAK"
early And
early Sept.
14th July.
early Aug.
KINGSBURAINGETTLEPHONESTALIGI KUTOSPR017
ISTHMIAN LINE
(Tethmian Steamship Company New York)
DIRECT MONTHLY SAILINGS TO NEW YORK
VIA LOS ANGELES AND PANAMA
"AKTION" "GREENHAVEN. TRAILS”
THE CHISA ZIBIL, THURSDAY, JULY 23, 14997
FINANCE AND
COMMERCE
MARKETS TAKE BETTER AMERICAN
VIEW OF SITUATION
Hong Kong Stock Exchange
The Exchange displayed
were
Landon, July 11.
Several world markets today showed much more
confidence in the international outlook, ac-. cording to reports to Reutor's. Sentiment was decidedly better on both the London and Paris Stock Exchanges. Gold shares, which have recently been a barometer of changes in sentiment, were sharply higher in London.
Brussels, which had some-
a thing like a war scare in the Ariner tendency yesterday morn- middle of last week, turned ing and signs of fresh buying buoyant today. It paid less evident. Lights, Transaltention to the fighting in Watsons and Cements were frac Korea and more to the pros-
ON fair support, and Unlon sellers were compleu- pect that the European Pay- ous by their absence. The markat ments Union will benefit Bel- closed veller.
glan exports.
Tonally higher
H.K. Govt, Loans
434 Lonn 19. 35% Son (1954 & 1040) 98%. SiLG Loan (2018) 99h, 50.
Banka 11.5.& 8. Blank 120, 1210.
(Lon. ) 21njin. Chartered Brak £9 3/16, Merete nuk A. & 3. £2. Bank of East Anta 1012.
InsuranceR
Union, teab,
Elina Underwriters in. B.K, Fire Ins, 187b.
+-
Shipping
Dounlar 1500.
H..&M, Stearabonis in. Talo China (Pref) 18.10.
(Del.) 351.
3hells (Bearer) 64/416m. Union Waterboats 19. Avia Nav, 701, C.
Docke, Wharvas, Godowns, Etc. B., & K. Wharves 708, 12, 72. North Polat Warren 50.
Shanghai Hongkow Wharves 7154 1.K. Darke 12%. Chinn Penelenta 30.
Tkyards 2.004. Wheelocks 21.
Mining
Haub Minen 4.701. 1.K. Min 0%
Lands, Hotola & Buildings 1., Hostel 7a0.
2.K, Lanabe 352.
24th July
Shaoghal Lands 1,030, Humphrey n
. 2nd Sept.
1.K. Reitler Za.
SAILINGS TO SAIGON, BANGKOK &
Chinme Estates 224a.
Pubtle Utilities 1.K. Tramways 10.70b, 11,201, 10,801. Pen Trams (Old) 18n.
(New)
Star Ferries GRO
IK, Elrettles 218.
DJAKARTA (BATAVIA)
"STEEL ROVER"
28th July
"STEEL ADMIRAL”
..20th Aug,
C. Lights 10) 9.00, 10.159, 10.
(New) 6.00b, 7.10.
ARRIVALS FROM U.S.A.
“STEEL ROVER”
Sails N. Y. Salls S.F. Sailed Salled Salled 20th July
Due H.K, 27th July 19th Aug.
“STEEL ADMIRAL”
GILMAN & CO., LTD.
Tel: 31140
Chinese Freight Agenta:- HIN FAT & CO., LTD. Tels: 28823, 25553 & 23483.
Swedish East Asia CO.,LTD.
ARRIVALS FROM EUROPE
31
Meena Mectrics 113. (New) 10% n.
Hanus Sh. 10%. Sandakan Light 89.
Telephones (Ex.ittx.) 19925, 10%. (IA) 205, 201 Shanghai Gas 1n.
Industrials
Cald, Mars, (0ml.) n. Catatan lees 19. Cenele 8.90), P, Done. JFK, Rope 13.
Stores, Etc. Hairy Farma 19%*.
(Ms.) 3.
---Watsons-2212,
L. Crawfords 2014. Sinceres 2n, China Emporiunt Dr. Bun Co., Ltd, 1.700. Kwong Gas Tank TÊN Wing On (HK) 62. Wm, Powell, Ltd. an.
Miscellaneou
China Entertainments 14. I. Cstructions (Old) stan.
(New) 1,208.
Vibro Pings 1145,
Mersman Invenimenta 9/-n. Moraman (H,K:) Jim.
Shanghal Loan .700.
Yanglaze 21.-
Ewen 2,70.
Cottons
Rubber, etc, Companies
Altın Patate 14,
.v. "SUMATRA”
.14th July
m.v. "DUKAT" m.v. "MINDORO"
. 18th July
.28th July
SAILINGS TO EUROPE
m.v. “SUMATRA" m.v. "MINDORO”
30th July
Batu Anama 150.
Buto Plantations 80,
End Aug.
FOR
ADEN, PORT SAID, ALEXANDRIA, GENOA, MARSEILLES, ANTWERP, ROTTERDAM, BREMEN, HAMBURG,
COPENHAGEN, OSLO & GOTHENBURG
Deeptanks avaliable for Bulkoll
GILMAN & CO., LTD.
Tel. 81148
THE EAST ASIATIC CO., LTD.
M.S. "INDIA"
LOADING ABOUT 10TH AUGUST
ADEN, POUT SAID, ANTWERP, ROTTERDAM,
· HAMBURG, 'OSLO, GOTHENBURG & COPENILAGEN
THE EAST ASIATIC CO., LTD. Queen's Ridk. Zud Beer,
Anglo-Dutch .60n.
Anglo-Java 15.
Chemor United in. Cheng Rubbers 1946, Consolidated Rubber 134b. Domisian Rubbers in Jayn-Consolidateds 05. Kota Bahrow „HOD. Kroework Javas 15m. Langkat .spb.
Padang Bubletu 205.
Repah Rubbers 18m. Rubber Trusts 2.20. Bamagaga Rubbers STún. Samambu. Nullers b Shanghai Kedaba 41⁄4ń, Abanghai-Malays 100. Shanghai Pahang, „70n. Shanghal Bumátrás án. Gun Manila 10. Rungel Deris 17kn. Tanah Meraha .45b. Tabonk Bubber 12. Zlanabe Rubbers „Ein.
BUSINESS DONE
Direct blue)
11.K. Bank 4 at $1,350, 4 M2. $1,270,
d at $1,235.
Wharf Co. '60 'st $72.
-'.K. Land 240 mi ̈916; 25 mt 15, 100 #1 $35, 218 at 135, 60 at*$*5," TEK. & S. Hotel 500 at $7.
IT.K. Tram #1.500 as 1030, 2001 China Light (01) $2,900 at $10, 1,000
10.80, 200 a $10.
al 10.
Telephong (Ex.Ris.) #730 x1 0101%. Germent *200 ALIP Telephonics (Nights 800 at 20 cents. Lane, Crawford *200 st $50. Ania Nav. 1,000 is #senta.
LONDON STOCKS
3
ROYAL DUTCH AIRLINES' LOSS
The Hague, July 11. A Dutch Government · note today
concerning the KLM (Royal Dutch), Airlines' 30, 400,000 guilders* loss during 1949, said that the total incom of KLM increased 13 per cen us a result of devaluation bu
Gonds, particularly tin, rubber and platinum, were strong.
Reuter's Index of world com- modity prices rose sharply to a
high
record. Bui this strength was not shared by the free gold markets and it tonger appeared to be an indien expenditure rose almost 21 pe
now
tor of fears.
no
Much of the buying of goods, both wholesale and retail, serm- ed to be transitional, to beat the
cent.
MISSION IN PI
At a
Manila, July 12. Stato dinner given in the Malacanan Palace last night in honour of 24 members of the American Economic Mis- sion, President Quirino said the Philippines' economy had be coine seriously impaired in spite of self-help efforts And appealed to the visiting experts to assist in restoring it.,
'The President rovlowed the difficulties which the Republic had experienced in its four years of Independence, since 1946, and compared to a "delicate plant that sprouted among the rubble and rubbish of a cruelly deva- stated aven, charred by the cross- fire of conflicting Ideologies".
Brune
He asked the mission to help the plant and clear the ground and, if possible, to water It with technical and moral as. sistence".
Daniel Bell, head of the mis- The note said that the lossersion, which will make a six-week were the result of the landing bar survey of agricultural, industrial, inposed by several countries,
gun on any controls or restrle | tncluding India, Pakistan, Ceylon Economie and financial conditions
tions that may be imposed.
influence on U.S. economy
Reserve
and
in
that the Philippines
may Burma, following Dutch serve as
further a guide for "pollee" netion in Indonesia.
American assistance, salt in re- The note was to the Secondt sponse to the President that his Clumber of the Dutch States- party would do all I could to General replying to
members' help the Philippines rebuild its views on a draft bill proposing a economy, keeping in mind the subsidy to cover losses incurred close relationship existing be- dam-Jakarta route last year. by the Company on the Amster- tween this country and the Unit-
ed States.
It was hic Impression the The draft bill contains a pro-Philippines was suffering from posal for a Government subsidy natural growing pains. The mis- This evaluation of the situation of 16,000,000 guilders, and a pro- sion but not an axe to grind and came at a time when rising for loans or guarantees for he pointed out that there we American prices in the wake of loans to an amount 15,000,000 not a single politician among the the Korean war have given guliders.-Reuter,
The Federal
Bank of Philadelphia, U.S., sold today that if the Korean fight- ing was prolonged its influence would be strongly inflationary and would be felt very quickly throughout the economy.
sellers the upper hand in many lincs once more.
From all over the
country
there are reports of price boosts! RAILWAY STRIKE
in meat, bread, sugar, coffee, eggs, pepper, cocon, work clothi Ing, sheets, petrol and fuel oll.
Rising prices in the primary markets for cotton, hides, wool, rubber, in and platinum, stuin- less steel and nickel allay and steel products may produce pox- sible consumer price riseS on shoes, shirts, dresses, suits and home app'tances,
The rush to buy so far hns been stronger the industrial; and business level than among the general consuming public.
THREAT DELAYED
con-
members.
The State dinner was attended by members of the Cabinet, other Government leaders, the United States Ambassador, Myron Cowen. and prominent Filipino
and American businessmen- United Press,
CHICAGO, GRAINS
•
AMERICANY PRESIDENT LINES
The Global Flert,
TO HONOLULU. & SAN FRANCISCO
via JAPAN
"General Gordon" "President Wilson"
"President Cleveland" .......Arr. July 14
Arr. Aug. 1
**** Arr. Aug., 3
Salla July 15. Salls Aug. 2 Sails Aug.
via JAPAN
In Port Arr. July 28
Sulla July 14 Sails July
TO SAN FRANCISCO & LOS ANGELES
"President Mailikon" "President Pierce"
TO NEW YORK, BALTIMORE & BOSTON via PACIFIC COAST & PANAMA "Willamette Victory".......Arr. July 10 "Dartmouth Victory". ...Arr. July 20
ROUND THE WORLD
Soils July 20
Salts July 30
VIA MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAY, KARACHI, SUEZ, PORT SAID, ALEXANDRIA, NAPLES, MARSEILLES, GENOA, NEW YORK and BOSTON Atr. July 21. Salls July 22 Arr. Aug. 4
"President Johnson" "President Monroe"
Sails Aug. 6
TO JAVA & STRAITS
"Mount Davis" "President Fillmore"
Arr. July 25 Arr. Aug. 18
St. George's Bldg.
Salls July 20 Sails Aug. 19 Tel. 28172/5.
BEN LINE
SHIP
"DENAVON" "DENVRACKIE❞
"BENVENUE" "BENDORAN" "BENLAWERS"
"BENATTOW"
BENALBANACH” "BENCRUACHAN"
Chicago, July 11, Two rali unions' representing] 250,000 trainmen and ductors today officially rejected Federal proposals for ending
Chicago, July 10. Removal of hedges agnlast ex- the dispute with carriers but port sales combined with some | delnyed the threat of a nation- short covering to push wheat up- Wide strike because of the ward tadiny. Soybeans ran into Korean war,
heavy offerings. Wheat closed
"BENAVON" But consumer buying against
to 2-3% higher,
)"BENVRACKIE" 1- the day when certain essentials |
"DENLAWERS" July $2.23 -1; September and luxuries might become war- to help during the Korean emer. 92.25 -20%; December $2.28 "BENCRUACHAN" time casualties has also been re-gency," the unions said at a Press - March $2.30; May. $2.28 ported tyres and notorcars, for conference. example, and Reuter.
even sugor.
NY COTTON
"We will do everything possible
2 Iower to
Corn, was The Brotherhood of Railroad Trainmen and Order of Railway higher. July $1.54 7-5- Conductors legally' would be free Oots were 1-1 to 1-% lower. to strike on Saturday and had July .00 . threatened, to do so over wage
Rye was to 4 higher, July and working hour demands.
$1.37.
Soybeans wero 3-4 to 5-4 lower. July $3.18-15 %-Asso- clated Press,
New York July 10, Catton futures today registered gains of $0 a bale or more, but Unian leaders said that the Inter lost part of the advance. strike is being delayed but is not This follwed Monday's mit being cast aside entirely as n advance of $10 a bale. The weapon in their dispute. They market was extremely nervous. indicated it might be called into.
Futures closed 10 cents to $3-00 play later-United Press,
bale higher.
July 30.70; October 38.00; De- cember 35.00-36.00; March 33.95-{ 36.00: May 35.88-72: July 30.52: October 33.48; December 33.38 nominal; Middling spol 38.10| nominial-Associated Press.
NY SUGAR
New
York, July 10,
Money Market
US dollars opened yesterday ati HK$8.04 and closed at $0.043 these being the lowest and highost rates of the day.
NOTICE TO CONSIGNEES
From SYDNEY, MELBOURNE AND MANILA
Consignees Per Ship
6.5. "NANKIN"
are hereby notified that their cargo will be discharged into the Hong Kong & Kowloon Wharf & Godown Co., Ltd. where it will lle at consignees risk and expense and subject K Gold (Industrial gold) opened to terms and conditions of
TT opened at HK$0.12, dropped Domestic sugar futures number to $30.104 after lunch, and closed aix closed six higher to four at $0.11. lower.
September
November
January
March
6.47 bld.
6.40 bid
5.38 nominal.
5.20 bid. Domestic sugar futures num- ber five closed quiet. No sales.
World sugar
futures number four closed two to thred higher. September
4.00. 4.4B bld.
4.41.
January
March
Raw sugar spot... 5.88 nominal.
of HK$290 a tael, dropped to storage of the Hong Kong & $287.50, climbed to 391 after lunch. Kowloon Wharf &
and closed at $289.75.
were
Godown
Co., Ltd. The eargo is ex- pected to be ready for delivery un- from the Godown on and after
July 13, 1050.
Sterling opened at HK$15.70 and closed at $15.00,
Australian pounds changed at HK$12.25.
Pinatres continued nominal at HK$12 a 100.
Ticals dropped. Ave cents to
11K$27.20.
NEI Gullders at HK$2 a 160 -Associated Press. were unchanged.
Industrial relations problems in India
London, July 11.
Mr. Jagjiyan Ram, the Indian Minister of Labour, told a London Press conference today that he was determined to soo his, Industrial Ro- lations Bill become law. -
the cost of living. to the same extent as rises in
The Government were now trying But prices had "stopped rising
to push the prices down,
Cargo is considered as being accepted in good order and condition by consignees, unless broken, chafed and damaged packages are left in the Go- down for Rubsequent examina- tion by Messrs. Goddard & Douglas in the presence of consignees, at 10a.m. on July 17, 1950, "
To comply with the General Bonded Warehouse Regula- tion, consignees must have a Revenue Officer in attendance when dutiable goods arc examined.
All damaged cargo claims against the steamer must be presented to the, undersigned on or before August 2, 1950, or they will not be recognia-
No Are insurance will be
effected:
position, he said, from both It had been receiving op- employers and workers. perience had taught him that when this happened the new legislation was holding tho balance, between the two sides. Once the Bill had been passed, he bellaved, that many Lather) trially than India would copy it unfilled than was at present bless a joint survey has pre- He would like to see the trade Fong Kong & Kowloon Wharf countries more advanced Indus-union movement in India mure & Godown Cole premises
He mid that the inbqur situation with four central organizations,
• Mr. Jaglivan Ram said that dickness: bagent would be in. No claims will be admitted troduced on limited scale after the goods have been among about 800.000 industrial taken delivery of ex ship's workers in Delhi and Cawnpore, side or alternatively
ox, the
MACKINNON MACKENZIE
London, July 19. The London Ebook Exommza Kastory. In te, tireo-reprindus munista, a second by the Bo
In India was on the whole satis one dominated by the Comviously been effected. reacted to loss pessimistio news Krial truce which began in Do
more or less s
B- a third shi thi kutarahliDEAS AND HOLE CAPITAL Bull co-operation: an amalgam of all "lements
Government
Congress and, the fourth with firmness in many categories, hind
Tel: 84111 4 241X8.
percent put on RETAIN
Filancial Time, hidée 112.0.
It was siwAJE: alficult to
sup
Eed that the trades unions, when political con ummit lind, not affected, îng siderations Ecaine into play
Kong July 13, 1980.
"BENDORAN❞
"BENVENUE" "BENATTOW"
AND
FROM
TAR
FAR KIT
ARRIVALS
FROM
U.K. vla Bingapore
SAILINGS
DUK
In Port
27th July
9th Aug.
on or abt.
#
29th July
*
14th Aug.
27th Aug.
20th Aug-
12th Bapt.
tondo, Antwerp, Hamburg
Rotterdam,
Loading on or abt,
16th July
31st July
17th Aug
10th Soph
Genoa, Lo
Havre &
18th Aug.
& Hull.
Liverpool,
Liverpool,
Glasgow,
Dublin,
Antwerp
31st July Stat Aug.
Rotterdam.
+ Accepta Cargo for Japati.
Omits Hull.
Via Singapore, Colombo, Port Budan, Aden, and Suez Canal.
For Further Parti nilars, Apply To-
W. R. LOXLEY & CO. (CHINA) LTD.
York Building.
How
Agents
Telephone: 24185.
The time to plan your
is
Summer Holidays
WHAT BETTER
VAL THAN A ROUND TRIP
to
JAPAN
AT REDUCED. FARES?
with na, anGà churgh for living aboard aka akip ta' JAPAN- ROUND TRIP FARE: HK$500 to HK$600
For Particulars Apply to:
MATHESON & CO., LTD