THE CHINA MAIL, MONDAY, AUGUST 7, 1050.
► Fogo.
BUTTERFIELD & SWIRE
CHINA NAVIGATION CO., LTD.
"SHENGKING"
"POYANG"
"KWEIYANG"
"PAKHOI"
"FUKIEN"
"SZECHUEN" "ANKING"
"PAKHOI"
SAILINGS TO Keung
Tsingtao & Tientsin Singapore & Bang-
kok
Bangkok
Yokohama, Nagoya, Osaka & Kobe .. S'pore & Indonesin S'porn, Penang!
Relawan
* Salls from
ARRIVALS FROM
Moji
"FUKIEN"
"YOCHOW"
Indonesia & Straits. Tientsin
"SHENGKING"
Koplung
0 p.m. 8th Aug.*
3 pim. 9th Aug.*
3 pm. 9th Aug.
5 pm. 11th Aug.
Gp.m. 12th Aug.
3 p.m. 23rd Aug.
3 pan. 24th Aug.
Custodian Wharf.
L
9th Aug. 8th/10th Aug. 10th/11th Aug. 13th Aug.
AUSTRALIAN ORIENTAL LINE LTD./CHINA
NAVIGATION CO., LTD. JOINT SERVICE
SAILINGS TO
Kure,
"TAIPING" "TAIYUAN"
Sydney, Melbourne
& Hobart
Japan
& Adelaide
"CHANGTE”
Yokkaich,
Nagoya & Kobe
1 ..
30TAIYUAN" "CHANCTE"
..Japan
8th Aug. 19th Aug.
28th Aug.
29th Aug.
Sydney, Melbourne
5th Sept.
"CHANGTE" "TAIYUAN" "CHANGTE"
ARRIVALS FROM
Anxtrolin & Manila Australia & Manila Japan
In Fort 15th Aug. 25th Aug.
"TAIPING" "TAIYUAN"
Atralia & Manila
26th Aug.
...fuprate
2nd Sept.
BLUE FUNNEL LINE
Scheduled Sallings to Europe via Adon & Peri Sald.
"PATROCLUS"
·Manzelles, Liverpoo
& Glasgow
"CYCLOPS"
Dublin & Liverpool
10th Aug 26th Aug.
"ANTILOCHUS" .. N. Africa, London, -
Holland, Hamburg
2nd Sept.
ARRIVALS FROM
..U.K. via Straits &
Manila
15th Aug.
**ANTILOCHUS"
"PERSEUS" .......U.K. & Rotterdam
via Straits
U.K. via Straits &
Labuan
"EURYMEDON"
"AUTOLYCUS"
*MENTOR"
U.K. vía Straits
"CLYTONEUS"
UK. via Straits
U.K. via Straits
DE LA RAMA LINES
16th Aug.
19th Aug.
24th Aug.
1st Sept
8th Sept.
Sailing to NEW YORK, BALTIMORE, PHILADELPHIA, via JAPAN, PACIFIC COAST PORTS & KINGSTON
"AJAX"
Arriving via MANILA From
.21st Aug.
U.S. ATLANTIc" & Pacific COAST PORTS
"AGAMEMNON" "DONA NATI”
13th Aug.
.31st Aug.
Carriers option to proceed via other ports te loud & discharge cargo.
All the above subject to alteration without notice. For Passage and Freight particulars please apply to
CONNAUGHT ROAD, CENTRAL Tel. 3033/8 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 ATLANTIE
"PIONEER WAVE"
"PIONEER LAND"
"TIONEER SEA"
SAILING TO MANILA
..Aug.
7
.Aug.
22
.Aug.
28
PIONEER WAVE" (via Keelung & Yoko-
hama & Kobe.....Aug.
Takubor)
A
"PIONEER LAND" - (vin
Yokohama· &
...Aug. 23
& Kobe
.Aug. 20
"PIONEER SEA" via Keelung, Yokohama...
SAILINGS TO NEW YORK, BOSTON, BALTIMORE, PHILADELPHIA via
JAPAN & PANAMA CANAL A
Art. Aug. 25
"PIONEER LAKE"-.:.
"PIONEER WAVE" "PIONEER LAND"
Ex
"
* Sept. 15
"PIONEER SEA"
Aug. 27 Sept. 1 Sept: 17. Sept. 24
Aug. 30
Sept. 22, For rates, special information salt
UNITED STATES LINES
Queen's Bidg......... COMPANY A Tel.: 28190.
The above at Lodicates the brinetani varie of, landing and discharge '
me probently intended, but not, their rotation,
1les peschedul vaš ties Company's Olcs".
Purifiethrë- Intermens
FINANCE
AND COMMERCE
STOCK MARKET PUTS ON PLENTY OF
BRAVE FRONT IN NY
Investment
in Australia
- Now York, August 5.
The stock market put on a brave front this week
in the face of grave uncortainties. Prices on average reached a six-week peak when
the market closed on Friday,
Washington, August 5.
For the third weeke running, 4. Along with renegotiation, it the sensational losses which
was so very successful in elimin- The International Bank for followed United States intervenating profiteering and war profit Reconstruction and Develop-on in Korea were cut down. sconduls."
It was a performance, though, ment is discussing a possible investment in the Australian economic development pro- gramme, it was learned today.
A Bank spokesman said that negotiations, were going on for a Town of rather substantial pro- portions.
Just about the only based nore on, hope than fact
nows the
market could sink its teeth into was a fresh run of rich, corpote earning reports and extra or in- crensed dividends.
Corporation profits on the whole were the highest on record during the second quarter, Pro-
He added that it would probab-spects for prosperity were never ly be a long-term investment.
The Bank usually, sends a mis- sion to countries seeking loans, to investigate econante conditions, But the spokesman said a scumed that this would not be necessary In Australia's case,
better and prospects for record high taxes and hand war controls on a peace economy were never better, either.
The market's advance Wax comparable tu Blow progress through toll was more a mat-
It was quite possible that theter of luck than design. negotiations would be completed. within a few weeks, perhaps by The end of August, he added,
It was understand that the Australian Pine Minister, Mr.
Robert Menzies, now in America.
And given un assurance that a stuff of experts he was leaving behind wild furnish the Bank with all the information required, both on the Australian evvonomy and details of national develoj- ment projects.
Various noilleind estimates have been made of the amount Australia is cooking. These range from $100,000,000 to $300,000,000,
It was felt here that Anatralia bright su in the Exports import Bank if the World Bank could not fully meet her dollar reqam. ments-Reister.
Who
Wants to be
|
HURLED THROUGH
Here is what the market and to decile during the week:
What was the signilleonce of the return of the Soviet dele- gate to the United Nations? Some Traders interpreted it as a some what hazy prelude to peace,
What was Congress going to do about war control? AL the week-end nobody knew Qe Buswer to that pecially Congress,
This seemed like schsiblo thinking. Desh Witter Co., though, all bút sang a solo song. Not in a long time have stock traders been. confronted with such a mass of it, ands,
buts, on the other hands, and question marics.
to
no
In a way the, week's advance limited though it was, was im pressive evidence of a predomin bnt bellef that things were Koing the dogs-not right away, at least.
Trading during the werk stowed to a walk. Not once dild daily sales volume top 2,000,000 shares.
Aircraft and airline issues were outstanding. In a minor way, on the upside,
Motors, under pressure for some time, made a good showing (and alls did better than average,
question--to $2.50
Confusion
Legislative confusion has
No
seldom been ad pronounced as It was during the week. sooner was one contrel plan approved, than it
dicap. proved. The House spent most of the week building up a control plan, and then in one vote on Friday knocked it to the ground. Basic
ጌ
not
legislature revolved around the President's original
But Congress, In proposals. sudden
frenzy of righteousness, decided the President had gone for enough, This mood lasted for a few days and than sentiment swung in the other direction. At the time the market closed on Friday, little or nothing had been done,
The tax situation was almest ns foggy. An increase in the corporate fax rate was regarded as certain probably from 38 to 45 per cent
But nobody knew when the increase was to go into effect.
An excess profits tax, a bitter dose for Wall Street was garded as inevitable sooner or later. But sooner? or inter?
Some Wall Street offices inci- dentally, took a refreshing view of the excess profits tax,
Dean Witter and Company, member firm of the New Stock Exchange, commented:
"The excess profits tax recom- mends itself since:
SPACE at 28 Miles an Hour?
History proved everyone wants fast- er transport. PAL gives it with com- fort and security as well!' Travelling to the States,
PAL
FLIES you to FRISCO At6 Miles A Minutel
BOOK FOR REALLY MODERN FLYING
with
PHILIPPINE AIR LIDES
A
York
that
Psychological demandsTM 1. It meets the psychological demands of the nation profits be taken out of arma- ment production while young men are being drafted and thrown into mortal combat.
of
2. I was very productive revenue during World War Two,
3. It did not
Interfere with
the
U.S. production which was real basis of victory and
Aid to Europe
still necessary, U.S. believes
Washington, August 5. The. Korean crisis has con- vinced many officials here that the United States will have to give large-scale assis tance to Western Europe after the Marshall Plan ends in 1951.
Mr. Averell Harriman, Presi- dent Truman's leading Forelan Affairs Adviser, has given consi- derable attention to this question. So have high ofcials of the State Department and Economie Co-Operation Administration.
Until the Korean crisis deve- loped, American afd programmes abroad were planned on a declin- ing busi
It was assumed that European recavery, though not complete, would be far advanced by the end of the Marshall Fan
Confidence weakened
In the Carb top billing went to Walthamn. Watch.
Helped along by news of n governmen: order for clocks, Waltham moved up 50 cents a shire on the week It was the most active issue on the Curb with 104,000 shares changing hands.
Tung Soi Lamp was another outstanding performer. galning $4.87 nt
$14.87 a share,
of company, a producer
carnings supplies, reported $4.25 share. In the Brst half against 60 cents in the compur. able 1949 period.--Assocluted Press,
The electronic
0!
U.S. to sell food at
low prices
Washington, August. 5.
ACTIVITY IN WOOL
Boston, August 5. With stocks limited, there has been plenty of activity in spot wools here, accompanied by numerous transactions in moderate individual amounts, according to the "Commerical Bulletin."
It says: "Inter-trade business
WBS evidently substantial, with much speculative buying among wool houses at prices which mills. themselves have been previously unwilling to pay. Texas, territory and all other types were in de- mand.
"Some talk was heard of a two- dollar clean basis for domestic recent replacement wool, with costs of Texas and territory sec- tions above the, market here, Against such rampantly bullish reports in some quarters it ap peared that $1.00
was
about the peak for spot Texas or terri- tory at least up to the latter part of the week, though the upward feeling may have been supported by netuality of higher pricen be- fure this is read,
"Some fine graded Montann wool was reported as sold in the week on the glean basis of $1.00, Some original bag: territory not so long won figured at $1.85. Mixed clips, with a percentage of halt blood and in eases were 34 blonit, were figured by some to be worth $1.70 to $1.85.
Good domand
"Good demand has been noted for territory where available, with salon at $1.55 to $1.60 clean. Some blood changed hands at as high as $1.40.
"Spot fleeces were generally in light turnover as houses had tow offerings to make. A basis around 72 cents for Ohio medium stil was
minds
of
high in the mi
mill buyers, though asking prices were said to be higher and that level was ex- ceeded on at least some choice medium fleeces from the Weat Volled
and Pennsylvania areas.
con-
wools were in tinuous good demand, on a rising scale of values. The finer grades
some basis because of scarcity, though
The United States Govern-are mostly higher on a normal ment offered today to sell vast quantities of food at fantastically low prices. The bargains included meat for five cents, butter for 15 cents and cheese for seven and a half cents a pound.
some were selling. B supers hold the most attention as before, with buying by dealers as well as mills. Among
sales by pulled wool dealers were 00-04% alightly off colour, at $1.50, 58-003 at $1.40, white B 50-58s at $1.35 and stained at $1.20 to $1.30."-As- sociated Press,
Philippines' flood. havoc
They are being offered, how- ever, only to foreign Govern- ments which cre members of the United Nations Food and Agri- culture Organisation, of which Russia is not ti member. The bargain
offers marked the De- partment of Agriculture's latest effort to get rid of its growing stock of perishable foods. ne- quired by the Government under almost continuous rains with in the wake of its price support programme.
com-
Manila, August 5. Severe damage was report- ed-from-many-areas-in-the Philippines today flood waters rose
P&O B.I. E&A
COMPANIES
PENINSULAR & ORIENTAL S.N. CO.
PASSENGER/FREIGHT GERVICE
OUTWARDE
4. "CANTON"
. "CARTRAGE""
*.. "CORFI!"
LEAVES LONDON DUN HONGKONG Failed
24th August
Zlat September
-* 18th Avenel
28th Beptember
3rd October
Via Southampton, Post Bald. Adén, Bombay, Colombo, Penang &
Binkapors.
DUE LONDON
End October
HOMEWARDS
LEAVES DONGKOKO
S-a. "CANTON"
2nd Bnptember
# "CARTHAGE"
39th September
Both October
*
"CORFU“
27th October
27th November
***. "CANTON"
22 November
Bth December
22nd Termber
KL “CIUBAHW
9.0. "CARTHAGE”
24th Decembar
4th January
Land January
* Disembarks pastergers at Botikampion on t‡rd Documbat, Accepting cargo for Singapore, Panana, Colombo, Bombay, Aden, Fort Bald de Landon,
OUTWARDO
. "KAYBET
.. "BOCOTRA”
HOMEWARDE
Na "SOMALI“ ***KUTDER"
FREIGHT SERVICK
28th August
DUE KONGKONG
FROM
In port.
London Continent.
LEAVES HONGKONO
FOR
London Continent.
5th August
2nd September
Accepting Cargo for Bingapore, Pors Swo itenbar, Penang, Colada- bo, Aden, Port Bald, Genom, Marseilles, London, Hamburg, Aut werp & totterdam, With liberty to call at Bombay if inducement Deri.
OF OIL IN DULK.. TANKA AVAILABLE FOR CARRIAGE SPACE FOR REFRIGERATED CARGO. LIMITED PASSENⱭEA ACCOMMODATION,
BRITISH INDIA S.N. CO., LTD.
*. "TAIREA”
". "BANGOLA”
dism Bih Aur.
snil 9th Ang. doe 23rd Aug.
its 26th Aug.
• These ships have Refrigerated Cares
from Calretta, Nangoon & Etraite. for Japan.
from Calcutie, Rangoon via Birulta, for Japan,
on
P. & O./B.I. JOINT SERVICE
*K “MOQREOT”
E. "HALIGONIAN
QUEEN"
14. ATLANTIC BEA"
... "HALIGONIAN
QUEEN"
due 10th Aug,
anila 12th Aug. due 28th Aug.
salle August due mld Aug.
zaile mid Aug-
from
Peran Chief. Dumbar, Karachi, Colom bo & Straits.
for Japan. from
Persian
Guit,
Karnaki, Bombay, Coloss bo & Straits,
for Japan.
from Persian
Oalf,
Karachi, Bombay, Colom
ba & Bralta for Japan.
walls September for
Straits, Colombo, Bombay, Karachi & Per sian Gulf Porta,
EASTERN & AUSTRALIAN S.S. CO., LTD.
· «« "NANKING"
londe 9th Aus.. alls 10th Aug. for Australia,
Accepting earns for Manila, Rabaul, Drlibane, Sydnày, Melbourne & Hexuty Point and Adelaide, and on through bills of lading for Now Zeeland and I'selfe Island 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 particulars apply low
› MACKINNON, MACKENZIE & CO.
Telephone Nos: 27721-4.
NOTICE TO CONSIGNEES
S.S. "CHANGTE”
Arrived 4.8.50.
NOTICE TO CONSIGNEES
8.9. "ALAWAI”
Having arrived Hong Kong consignees of cargo are hereby
rice lands, public works, high- Commodity, "experts said the ways and bridges destroyed or Korean war will take hardly a washed away and at least two nibble out of the huge food sur- dead. plus. Men who deal in
Pampanga Province i was sald modities on the Chicago Board to be experiencing the biggest of Trade and the Mercantile Ex-stood in 24 years.
Damaged cargo ex this vessel notified that all goods have change said the combined sur- Similar reports came from will be surveyed by Messrs. been landed and placed ut plus of American farm products Bataan Province across the bay Goddard & Douglas at Hong-thair risk and expense into the this year
probably set Д from Manila world record.
which was having kong & Kowloon Wharf from godowns of the Hongkong und lis worst inundation in 15 years 10 a.m. on the 8th and 10th Kowloon Wharf and Godown with water six feet deep in some August, 1950 and consigners Co. Ltd., where delivery may Even with shooting war in regions damaging property and representatives are requested be obtained bs soon Korça, they said the war could farm crops cut surpluses appreciably only if stock.
to be present during the goods are landed. It spreads Many nations, they A landslido caused by washed- survey. added, are How producing food out hills occurred at the boun- and are competing successfully dary of Iloilo and Antique. with the U.S. Tor foreign markets. Transportation between Manila and Batang was cut off when The United States new offer waters swirled over the Lubao
food bargains was made road."
Three passenger through FAO, which urged its which tried to push through the Australian-Oriental Lina Ltd. member Governments to take flood were bogged down.
of
advhalage of 1225/
and kling ve- ;
buses
Ricelands
were covered
by tans of sand carried along by the There were only two strings: swollen Gumain and 'Porac Rivers Governments must use
their In Western Pampanga Province. own dollar and not foreigh Damage in the flooded arcos ald dollars given them by the was already estimated at millions U.0, and the ford must bo of pesos.--Vaited Press. isted in supplementary feeding programmes so ita distribution will not disrupt: normal chan nals of distribution.
The Agriculture
PI FLOUR QUOTAS
Monito, August 5.
Established alien. Importers are
BUTTERFIELD & SWIRE, Agents: China Navigation Co., Ltd.
I
Terrorists continue
train attacks
Singapore, August 5. Terrorists attacked
un
two
as the
No claims will be admitted after the goods have left the godowns, or fallure to attend the survey.
All broken, chafed and dam- oged goods are to be left in the godown where they will be examined in the presence of Messrs. Goddard and Douglas on August 10, 1050, at 10 o.,
To comply with the General Bonded Warehouse Regula- Lóns, consignees must: have a Revenue Officer In 'attendance when examining damaged duti- able goods. All claims against the vessel must be presented. to the Undersigned within arrival, or they will not bo fourteen days of the ship's
recognised.
·WALLEM & CO., Agents
LTD.,
to be given on even break with trains last night. The Singa refused to day how much food matter of quotas, the Cabinet mall was attacked in Johore Department old Filipino importers in the pore-Kunla "Lumpur night was for sale, but it was learned ruled today. the quantities are as follows:
and a Chinese civilian, killed, The decision followed protests A police lieutenant,
a Euro- a British sol- Meat-30,000,000 pounds at five by American, Chinese and British pean clyilian,
No fire Insuranco will be coats a pound. All of this is traders that the Government was dier and Mexican canned meat and stallens in the allocation of flour.
Indian were effected. discriminating .against. these wounded. the U.S. more than 30 cents a
The Cabinet madoit clear, pound.
In Province Wellesley, two however, that the Government waggona of a train to Kuala
removed a number finli-plates, from the track, N Hong Kong, August 5, 1950.
Communist terrorists in Malaya, frustrated by the security forces from, attacking road transport; are now stepping up their activity to against the railways, according t police sources. A NEA The attack on the Gingapore Kuala Lumpur mall train last
pound,
of
Bulter-60,000,000 at 15 cents a would be acting in consonance Lumpur were derailed when ter-
with the national policy if Fil-rorists. pino. Importers were given pra- forence in the distribution ef new quotas Associated Press.
Cheese-25,000,000 pounds at soven and a half cents a pound. |_ Dried eggtf-25,000,000, at five
But the attack, on Bouthern Korea has weakened confidenom In world posto, and has 'given' arms production;urgent priority over olvillan goods, in Europe as well as Amarios na Omelals-hero salt that the cents a pound. diversion of Europe's productive capacity to weapons would reduce 118 exports,
#
"WAR INEVITABLE”
New York, August 4. Lord Mackintosh of Halifax, Preak ent of the World Council or Christian Education, auld to
Telephones. 38041-5.
UK CRITICISM OF NEHRU
Dried,akim milk-100,000,000 the ten-
pounds at three, cents a pound. Another olemont, was
London, August 5. dency of all prices to rise under Dry beans-00,000,000 at 2.5
The British Preas today cri the proscuro of a rearmanicht centa, a pound, programme
day that war between Rusia night was the third in succession ticised the Indian Prime Minis=
·Oficiāls Believed that these ha« Dry peas £10,000,000 at two and the Democracies is bound to and the event within a fort- ter's attitude and said he was Veren: effects, widening "the gap cents a pound, 15)
come, in one way or another, right on the main line, Kajak, playing "Into Mussia's hands. between the ; dollars a Wortern Bra
Iard Mackintosh arrived here in each care armed guards) on
· Europe, hárna "cdd the' dollars (It
All told, the Government has in the Caroale to attend a con- the train replied to the terrorists" The "Glasgow Herald" said Mr. need, will make further, Ameri- about $100,000,000 Invested. Invention of the Council in Toronto, fre, driving them off to the Neluru's speech lathe Indian can funds necessary to help keep thead foodaan even ilt foreign 116 and he would rather face jungia, en dagenes de
Parliament yesterday!) showed Europu.economically strong, and nations buy it all the Govern war then come under the yolk
that his Government Intended to to make it "militarily powerful ment will get back loss than $14, of Boviel Russia — Associated
sit on the fence as long pa poss Boutor ERGO
000,000,-- United Pro
who security forces killed four terrorists yesterday in clashes in Peral-and-Pabang, He