THE CHINA MAIL, MONDAY, JULY 31, 1990.
Para
"PAKHOI"
BUTTERFIELD &SWIRE
CHINA NAVIGATION CO., LTD.
SAILINGS TO
Saigon & Bangkok
Tientsin
Singapore Kurung
Yokohama, Nagoya,
Osnica & Kobe
Singapore
5 p.m. 29th July
5 p.m. 30th July*
3 m. 31st July
1st Aug.
5 11.571.
5 p.m. 3rd Aug.
3 p.m. 7th Aug. -
3 p.m. 7th Aug."
5 p.m. 8th Aug.
'SHANSI"
"HUNAN"
“HANYANG
"SHENGKING"
"SOOCHOW
"KWEIYANG"
"POYANG"
Tiantain
Bangkok
• Sails from
Custodian Wharf.
ARRIVALS FROM
"SOOCHOW***
Bangkok
31st July
"KWEIYANG"
"SHENGKING"
“PAKHOI"
Singapore & Salgon
culu .Muji
31st July
31st July
5th/8th Aug.
AUSTRALIAN ORIENTAL LINE LTD./CHINA NAVIGATION CO., LTD. JOINT SERVICE
SAILINGS TO
Japan
4th Sept.
"YUNNAN"
Sydney
2nd Asig
"ANKING"
„Jupon
4th Aug.
"CHANGTE" "TAIYUAN" "CHANGTE"
Japan
8th Aug.
18th Aug.
Sydney, Melbourne
& Hobart
28th Aug-
***TAIYUAN”
Sydney, Melterne
& Adelaide ARRIVALS FROM
Australia
Island Australia & Manila Australia & Manila
& Ocean
..Japani
Japan
7 m. 21st July
4th Aug 14th Aug. 26th Aug. 1st Sept.
"ANKING"
"CHANGTE" "TAIYUAN" "CHANGTE"
"TAIYUAN"
BLUE FUNNEL LINE
Scheduled Sallings to Europe via Aden & Port Said,
"PATROCLUS"
FINANCE AND COMMERCE
COMPANY EARNINGS Indian trade
·
AFFECT NY
Now York, July 29.
STOCKS
A rich diet of fat profit reports strengthened the
stock market this week.
The market needed a tonic after the shock of Pre- sident Harry Truman's tax increase proposals and other developments. Leading corpore- tions quickly obliged with their earning state- ments for the June quarter. General Motors reported, the
the largest profit in second | quarter for any company in the history tif American finance.
In
Only once in the Four Wistory of U.S. Steel Corporation has that industrial giant earned more.
Smaller fry the industrial world frequently reported start- Jiny mercases in their inetime. compared with the first quarter of this year or the see and quarter of last year.
us
Suck traders had a lub to cape with though. rlesgute excellent corpmate news.
The President made his tax 10- creuse proposals and restes by fri alteratings and pridity controls, and issue hts mit-year vranonte report, a deceive battle raged in Korea and wholesale und retail prives took another step ahead,
MAERSK LINE
U.S. BOND MARKET
New York, July 29. Railroad bonds stretched The older statesman, Bernard their price recovery out to Baruch, proposed all-out control | power for the President, Con- nine straight sessions this Ressional sentiment seemed to be week and then stumbled over. veering toward an excess pronts profit-taking sales, tax plus completo cennomic con- |trols, and Bursin announced her
return to the United Nations.
Progress made
The market's ability to make any progress at all was impres sive. Progress, nevertheless, was made-often slowly bait
per- sistently.
Following the
President's an
as
Domandas urgent
that which persisted all through the previous week'ķept rall prices on the rise througți the first four days.
Then the market moved lawet o Friday,
The Friday Totdown had no cffect on the index picture, How- ever, the Associated Presa aver- Houncement of Awerping change of 20 rails gained 1.2 points in U.S. Far Eastern policy and during the week, cluring at 05.6, armed intervention la Korea, the
nút duplica'ec slee mark 1st May 2 nirket went into a high speed plunge. Deelines were large and
The buybuy that kept the rinis- Eng bine-day rally in motion was sometimes spectacular.
by investors trying to improve
a
hinh
rail' debts' comes before tanch that in event
R
official for
Hong Kong
New Delhi, July 29, The Indian Standing Fin. nance Committee today sand- tioned the appointment of an Indian trade representative
at Hong Kong, where thora in
Indian a large
mercantile community, whose Interests need to be carefully watched. It is balloved that a good dest
Indian of the
goods catonalbly exported to Hang-
kong have found their way to the hard currency areas, and to the prohibited destina- tion of South Africa, thus depriving India of valuable hard currency and weakening the affect of India's trądě Sanctions against Bouth Africa-Houter,
ORDER TO U.S. PLANE FACTORIES
Washington, July 29.
Changes for the week of some of the most active issues incluir tax status under the stress
The U. S. Air Force told 200 of a semi-war cconomy. U.S. Steel up 75 cents at 30.50: General Motors down 02 cents at
The reasoned, that interest an manufacturers today to pro. US$83; American Airlines up 75
taxes, ceed with production of more conts
at US$11.02: Bethlehem
than US$4,000,000,000 worth of Steel on USS at US$40.75
ture excess fafil tax the rail-planes and parts. ruis would probably Baldwin eoinntive us 50 cente
live higher exemption base than most NOTICE TO CONSIGNEES
at $14.
with coupled the past
thdustries, flint, two weeks
certainty of improved rail The
norkel, a messured by the At- M/V AGRETE
sortafel
earnings as the result Of Press averages MAERSK" Ja sing arrived from New York and Purtstocks. has regained indre that Preparation, made for aggressive of call. Consignees of Cargo half of its losses.
of
hereby notified that
Helpful factors their goods are being landed
Helpful factors this week have und placed rk their risk
been: and expenses into the long
General Douglas MacArthur's Kong & Kowloon Wharf &
pointblank statement of his belief Godown Company's godowns,in ultimate victory:
Marseilles, Liverpool
are
& Glasgow
7th Aug.
ARRIVALS FROM
"ULYSSES"
U.K. via Straits
3rd Aug.
"EURYMEDON"
U.K. via Straits
Labuan
15th Aug.
16th Aug.
10th Aug
24th Aug. 1st Sept
"ANTILOCNUS" ..U.K. via Straits &
Manila **
UK. & Rotterdam
"PERSEUS"
via Straits
"AUTOLYCUS"
1.K. via Straits
"MENTOR"
U.K. via Straits
.21st Aug.
DE LA RAMA LINES
Salling to NEW YORK, BALTIMORE, PHILADELPHIA, via JAPAN, PACIFIC COAST PORTS & KINGSTON
"AJAX"
Arriving via MANILA from
US. ATLANTIC & PACIFIC COAST PORTS
"AGAMEMNON"
13th Aug.
Carriers option to proceed via other ports to loud & discharge cargo,
"All the above-subject-to-alteration-without notice. For Passage and Freight particulars please apply to
1. 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 Ports
NEW FAST CARGO SHIPS
ARRIVALS FROM ATLANTIC
"PIONEER WAVE"
"PIONEER LAND"
.Aug.
G
Aug. 14 ..Aug. 28
"TIONEEL SEA"
SAILING TO MANILA
"PIONEER WAVE“ (vla Keching & Yoko-
"PIONEER LAND"
ham & Fusan & Takubar (vin
Tukubar)
..Aug. 0
Yokoluna
.Aug. 15
"PIONEER SEA” via Kechung, Kobe &
YakoltamaAug-28-
SAILINGS TO NEW YORK, BOSTON,
* BALTIMORE, PHILADELPIIJA via
JAPAN & PANAMA CANAL
.Arr. Aug. 25
"TIONEER LAKE"-
PIONEER WAVE”
"PIONEER LAND"
-“PIONEER SEA”
T#
.. Sept. 7 Sept. 9
"
Aug. 27 Aug. 30 Sept. 1
17
13
Sept. 19 Sept. 22
Candy For rates, special information call -
UNITED STATES LINES:
Queen's Bldg. ·
COMPANY
Tel. 28196.
The 'Abaya Ulat Indicates the uzinelpal parts of loading and dischargs ~De presently intended, kat sel' thele, 'retation. Yor, further, informo
́llon' nou achodels at the Company's Dice.
be
•
tet Kowloon, where delivery President Truman's fallare to may be obtained
ask for Immediate enactment of as soon Ra the goods are landed.
excess profits tax and his decision not to ask for contrats over wages,
cat and manpower; Optional cargo will not
pricel landed here, unless notice has,
kler that stockholders will The been given 48 hours prior to ret a generous cut of business vessel's arrival, but carried onprofits despite high taxes;
And the theory of many traders from port to port to the final part of call to which the option selling has been overdone in many
that
the intense post-Korean war
13
demand.
Wor
The war seare sent rond prices Arst sharply lower during the three weeks of the Korean cam- paign.
and
rising
The Industry was directed to and with the "Jata buy negotiate contracts later.
Letters of intesi, authorising companies to proceed while Congress is completing action on being worked out, were sent to appropriations and contracts are
the manufacturers.
An Air Force spokesman said the orders cover the entire Air Force procurement
programme
for the fiscal year that began on July 1.
"This includes orders contem-
the plated in
defence regular for uppropriation
the current fiscal year, and additional billions that will be provided under the additional US$10,000,000,000. de- add ferce appropriations asked re- cently by President Harry Tru-
Then prices started Those who boneht rail bends n the depths of the decline found they were uble 15 sall many low medium priced rails this week af prouts of from Ave to more than 10 points.
That started the profit-selling ball rolling on Friday.
From the standpoint of volume, it was a busy week. Turnover for the five sumions amounted to US$33.707.500: par value, highest The companies were asited to since the US$37,043,300 exchang-nadvise the Air Force how many e in the week ended January additional The market
needed. No claims will be admitted
holds an unusual .. Industrial and utility boods after the Goods have left the traders tried to adjust prices to Foreign dollar bonds weakened
An Air Force spokesman sald variety ol cross-currents по
ns moved steadily during the week, no details as to the numes of the downs, and all goods remain- ing undelivered after Augusand guesses. Confusion and un- the
companies receiving the letters 7 moss
and news
rumours because of adverse war news en: of intent and the types and 7. 1950, will be subject to
Asrcciated Press average numbers of planes to be produced certainty were plainly la rent.
evi-dropped a full point at 70.0.-As- | will be made public.-Associated dence at almost every turn the soclated Press.
Press. market took-Associated Press.
extends.
All broken, chafed, and damaged Goods are to be left in the Godowns, where thev will be examined on August 5, 1950, at 10 a.m. by our surveyors, Mesars. Goddard & Douglas.
To comply with the General Bonded Warehouse Regulations "consignees "must have a Re
cases,
of
CHICAGO GRAINS
14.
New Delhi, July 29, ›The Government said today that treaties of peace, friendship and trade will be signed on Monday with the isolated Himalayan King-
Chicago, July 20, The lack of buyers caused a persistent decline of grains on the Board of Trade today, Say-dom of Nepal.--Associated Press. beans and new crop corn suffered Wheat-closed-on-to-2-cents the largest percentage losses.
lower.
Venue Officer in attendance September when damaged duttable goods December are examined.
March May
us
$2.25-4. $2.294-4. $2.30%-% $2.28%
All claims must reach
Corn was 5 to 2-4% lower. before August 31, 1050, or theySeptember $1,51 %-34. will not be recognised.
No Insurance will be effected
JEBSEN & CO., Agents.
Hong Kong, July 31, 1950.
Oats were 11⁄2 to one eent lower. September 77 4.
Пye was unchanged to lower. September $1.44 1.
Soybeans were four to Ave threefourth lower. November $2.00 $2.50 4.
- NOTICE --TO....CONSIGNEES From UNITED KINDOM PORTS and STRAITS
Consignees Per Ship
$.s. "CORFU”
arrived 31/7/50. are hereby notified that their cargo will be discharged into the Hong Kong & Kowloon Wharf & Godown Co., Ltd.. Lord was 33 to 67 cents a 100 where it will lle at consignees lbs. lower. September $15.20-risk and expense and subject
| $15.22.—Associated Press.
your
How Summer Holidays
is the time to plang
WHAT BETTER THAN A ROUND TRIR
-to
JAPAN
AT REDUCED FARES?
with no îXEn chargn for
living aboard the ship in JAPÁN
ROUS
FARE:
HK$500 to HK$600
For Particulare Apply to
JARDINE, MATHESON & CO. LTD.
Padder Straat.
„PASSENGER. DEPARTMENT
Tel, 30313-
to terms and conditions of storage of the Hong Kong & Kowloon Wharf & Godown Co., Ltd. The cargo 18 ex- pected to be ready for delivery from the Godown on and after August 1, 1950.
mail.
employees. will
INDIAN RULING ON SILK
bo
New Delhi, July 20.. The Indian Commerce Ministry announced tonight the liberalisa- tion of India's impert polley regarding art silk from the soft currency areas and Japan during the censing-period-from-July to December, 1950.
soui ces
The Commerce Ministry com- munique said: "The existing ottola of 50 per cent or half of the best year's Import from soft Currency
has beca i- creased to 60 per cent,
"The quota of 20 per cent of half of the best year's Imports to established importers, has been from Japan. which is remissable raised to 25 per cent". Reuter
NOTICE TO CONSIGNEES Consignees Per
8.8. "BENVRACKIE” are hereby notified that their cargo is being discharged into the Hong Kong & Kowloon Wharf & Godown Co.'s - go- Cargo is considered as being down, where it will be at Con- accepted in good order and signees' risk and subject to the condition By consignees, unless Whorf's terms and conditions broken, chafed and damaged of storage, and where delivery packages are left in the Go- ¦ may be obtained. down for subsequent examina- tion by Mists. Goddard & Douglas in the presence of consignees,, at 18 a.m. on August 4,
To complith the General Bonded Wa'ahouse · Regula- tion, consigničeà must have a Revenue Officer in attendance when duflable goods are examined, artą.
All damaged cargo claims against the steamer must be presented to the undersigneit on or before August 24, 1050, or-they will not be recognis- ed.
No fire insurance will be effected.
Damaged packages are to be left in the Godowns for exam- Ination by Consignees and the Company's Surveyors, Messrs. Carmichael & Clarke, at 10 am, on. August 2, 1950.
To comply with the. General: Bonded Warehouse Regulations Consignees must have a Re- venue Officer in attendance when damaged dutlable goods
are examined.
No claims will be admitted, after the goods have left the steamer's godowns, and all goods remaining:· undelivered after August 4, 1950, will be subject to rent.
No claims will be admitted All claims against the steam- after the goods have been er must be presented to the laken delivery of ex ship's undersigned [on or before side or alternatively ex the August 28, 1930, or they will Hong Kong & Kowloon Wharf not be recognised. & Godown
premises unless a joint survey has pre- vlously been effected.".
MACKINNON MACKENZIE & CO., Agents, P.&O. S. N. Co. Hong Kong, July 31, 1960,
No Fire, Insurance will be effected
4
W. R. LOXLEY & CO. (CHINA), LTD.,
Agents. Hong Kong, July 20, 1050.
P&O B.I. E&A
COMPANIES
PENINSULAR & ORIENTÁL S.N. CO.
PABOENGER/TREIGHT GERVICE
OUTWARDS
* "CORFU“
EL "CANTON"
A "CARTHAGE”
LEAVES LONDON
Batied
Sailed
14th August
DUB KONGEONG
Dist July.
29th August
*5th September
Via Southampton, Port Bald, Aden, Dombay, Colombo, Penang #
HOMEWARDS
23. "CORFU❤
RE "CANTON"
"CARTHAGE" "CORYE”
*1#. "CANTON*
"CHUSAM"
Singapore.
LEAVES HONGKONO
4th August
2nd September
24th September
17th October
3rd November
9th December
DUR LONDON
5th September
2nd October
20th October
17th November
Fith December
tib January
• Diarmbarka passengers et Southampton on 23rd December.
Acoepilna cargo for Singapore, Panang, Colatuba, Domber, Aden, Port Bald Loudon,
OUTWARDE
... "KYDER" m.4. "ROCOTRA”
HOMEWARDS
HOMALI" "ENTER"
FREIGHT SERVICE
BUB HONGKONG
tik August
24th August
FROM
London & Continent.
FOR
LEAVES HONGKONG
9th An
And Reptember
Tamion & Continent.
Accepting Cargo for Singapore, Pork Bwe tientiam, Penny, Calon- bo, Adan, Port Blaid, Genon, Marsellies, Louden, Hamburg, Ant- werp & Rotterdam, With Uberty to call at, Bombay if inducement
Ditore.
TANKS AVAILABLE FOR CARRIAGE OF OIL. IN BULK, SPACE FOR REFRIGERATED CARGO. LIMITED PASSENGER ACCOMMODATION,
BRITISH INDIA S.N. CO., LTD.
m.s. **INDIANA"
Jur Ind. Aug. Kails End Aur.
1th Aug,
***. *TARA”
du
alls th Aug, due at Aus
sallı 23rd Avg.
*ma. "HANGOLA"
from Japan, for Calculis vla goon & Hiraita,
Па
ftom Calzulia, Rangoon ⚫ Straits, for Japan.
from Calcutta, Rangoon
via Stemita, for Jas
* Thers ships have Refrigernied Cargo space,
P. & O./B.I. JOINT SERVICE
1. "HALIGONIAŃ
QUEEN"
14. "ATLANTIC BEA"
... "HALIGONIAN
QUEEN"
due carly Aug.
anils August Jus
mid Aug.
Ril mid Aug. 'salla end Aug.
ง
fram
Persian
Oulf, Karachi, Bombay, Colom- ba & Straits,
for Japan.
from Peralan Golf, Karachi, Bombay, Colem boral,
for Japan.
Lor
Etraits,
Calombo,
Bombay, Karachi, & Per alan Gulf Porte,
EASTERN & AUSTRALIAN S.S. CO., LTD.
** "NANKIN"
salle · Wh’Aug. for Australia. Ancepting 'carzo for Manlis, Rabaul, Brisbane, Sydney, Melbourne & Adelaide, and on through bill of lading for New Zealand & Pacifo Island porta,
All vessels have Ilberty to call at any ports on or off the route, and the routes and saflings are subject to change or amendment with or without notice.
For full particulars apply to:- MACKINNON, MACKENZIE & CO.
Telephone Nos-27721-4.
Peninsular
QUIS NO
NOS SEPARABIT
& Oriental
STEAM NAVIGATION COMPANY
SAILS:
BAGGAGE:
R.M.S. "CORFU
NOTICE TO PASSENGERS:
FRIDAY, the 4th: AUGUST. at NOON for the United Kingdom via Straits, Colombo, Bombay, Aden and Port Sald. ́
ALL passengers baggage must be sent to the Hongkong & Kowloon Wharf Co.'s Godown at No. 2 GATE, CANTON ROAD ENTRANCE by NOON on THURSDAY, the 3rd AUGUST.
SPECIAL NOTE: With the exception of händ packages corried by, passengers themselves ALL BAGGAGE, must, pass through the Whart Co.'s Godown, for loading on board by ship's slings only.
EMBARKATION: Will take place, between 9.30 am." and..
.11.15 am. on FRIDAY, the 4th AUGUST. MACKINNON MACKENZIE & CO.
AGENTS.
(Tel: 27721-4)
HONGKONG, KOBE & YOKOHAMA.
direct
s.s. “SAN ROBERTO"
Loading 4th to 6th August
For freight and further particulars please apply:
JOHN MANNERS & CO., LTD.
Mercantile Bank Bldg., Tel: 34174-