Pago 12
R. I. LE
ROYAL
INTEROCEAN' LINES
SINGAPORE, JAVA
PORTS and
MACASSAR
"TJITJALENGKA"
"VAN HEUTSZ"
"TAGMAN”
ARRIVALS
In Part
2nd Oct.
Ath Oct
*only to B'pore, Penang & D«] Dati
●MANILA, EAST &
SOUTH AFRICA & SOUTH AMERICA
"STRAAT MALAKKA" "STRAAT SOENDA" "TJIBADAK" *
"TJISADANE”
ARRIVALS
In Port 23rd Sept. 20th Oct.
• not calling Manlia and Bouth America,
O JAPAN
"TJIBADAK"
"OTRAAT SOCNDA"
"TJIBADANE"
SAILINGS
241, Bapt.
10th Oct. 10th Oct..
SAILINGS
22nd Sept. 9th Oct. 14th Oct.
ARRIVALS
11th Oct. 8th Oct,
SAILINGS
24th Sept. 22nd Bepl 22nd Oct.
Agents: HOLLAND--EAST ASIA LINE
EUROPE via MANILA
and MALAYA
"MCERKERK"
"RYNKERK"
"LANGLEEBCOT"
Through e/L lund
Meditteranean and Northara
European porta.
JAPAN
**MEERKERK"
"AYNKERK”
"LANGLEESCOT"
ARRIVALS
SAILINGS
22nd Oct.
early Nov.
9th Oct. 11th Nov, harly Dec.
7th Oct.
10th Nov.
carly Dec.
25th Oct. carly Nov.
W KIMTS/BUILDINGSSTELEPHONES 9200159{TON280 178
ISTHMIAN LINE
(Isthmilan Steamship Company, New York)
DIRECT MONTHLY SAILINGS TO NEW YORK
VIA LOS ANGELES AND PANAMA
“STEEL SURVEYOR"
271: Oct.
SAILINGS TO SAIGON, BANGKOK &
DJAKARTA (BATAVIA)
"STEEL AGE",
"STEEL SEAFARER"
ARRIVALS FROM U.S.A.
“STEEL AGE"
“STEEL. SEAFARER"
10th Oct.
21st Oct.
Salla N. Y. Sails S.F. Due H.R.
Salled
Sailed. 9th Oct. Sailed 20th Sept. 20 Õet....
GILMAN & CO.,
Tel: 31146
LTD.
Chinese Freight Agents IN FAT & CÒ., LTD. Tels: 28823, 25553 & 23483.
SWEDISH EAST ASIA CO.LTD.
ARRIVALS FROM EUROPE,
m.v. "TONGHAP” m.v. "BALI"
4th Oct.
carly Nov.
SAILINGS TO EUROPE
m.v. "BENGAL” m.y. "TONGIAI" m.v. "BALI”
. 2nd. Oct.
29th Oct.
4. end Nov.
FOR
ADEN, PORT SAID, GENOA, MARSEILLES, CASABLANCA,
ANTWERP, ROTTERDAM," BREMEN, HAMBURG, COPENHAGEN, OSLO & GOTHENBURG
Deeptanks available for Bulkeil
GILMAN & CO., LTD.
Tel.-31144
THE EAST ASIATIC CO., LTD.
M.S. "KAMBODIA”
LOADING ABOUT 15th OCTOBER
ADEN, PORT SAID, GENOA, ANTWERP, ROTTERDAM,
HAMBURG, OSLO, GOTHENBURG & COPENILAGEN
THE EAST ASIATIC CO., LTD.
Queen's Bldg, and fear,
THE-CHINA MAIL, FRIDAY, SEPTEMBER 22, 1050.
FINANCE
AND
Hong Kong Stock Exchange
The stock market was a little quieter yesterday with only frac ilonal fluctuations. Profit-taking was fairly well absorbed and there were fresh inquiries al lower levels with little serip offer. ing. Banks continue firin and have buyers at $1,270 and Docks have improved to $14 buyers, but Watsons are slightly off at $2412
COMMERCE
BRITAIN'S INDUSTRIAL CAPACITY INCREASING
London, September 21.
Peace-loving countries con give a misleading im-
pression of military weakness because their. great. indústrias were not built up for war. But, as the history of the last war showed, the oggressor has to reckon with the total indus- trial capacity of a country rather than merely with that section normally committed to or- moments work if he does not win with the first exchange of blows.
sellers. The undertone is steady. One of the great deterrents to aggression is the
The total turnover for the three clays ending Wednesday *ቤዛ higher than for any one week in 1930.
HK Govt, Loans
P Loan 100m.
3tural Iman (1944 & 1949) 90n. 2941), Downs (1048) 05žin.
Banka
UK 2 Bhanghai Bank 1,264U, 1.100.
Bob, Res. 278558. Chartered Bank Ex.Div. A'S 9/15, Mercantile Bank A. & D. ÆRUSLA, Hand of Fast Asia 3076.
insuranceR
Calon Ina, 210n.
Dakar Ina, Icon.
Gina Undrewzliers an. HK Fire Ins. 1tky.
Shipping
Bougl 150,
lik & Mean Htemibosta 11m. inlà Chinne (Pref) 12n.
(I.) 3.
Shell (Beureri G8/7lin,
Unlou Waterbunts 1811.
Amla Nav. B51), „404, 70-
Docks, Wharves, Godowns, Elc.
UK & Kowloon Wharres 100.
North Polst Wharves 4.GOD, 4.905,
HE Ducks 14b.
Ching Providenta -115, 116, Shanghai Dockyards '3,291. Whey Ineke 22, 23, 23.
Mining
Baub Hum 4.702. HR Mam 115m.
Lands, Hotel and Buildings
Shanghal Hotela bnb, Zan. HK Landi 15 15 5. Alinahal ni 1.30.
Humphreya Alib, Maan. HK Realties 2.06b, 2.154. Chbirse Fataten 1190.
Public Utilities
Tramwaya Em.Div. 12.001, 31790m. Park Trams (Old) 10.
(New) Mn.
Star Ferries 6ka. cking Light:
101) 19,20b, 11 404, 11.45/.30am. (New) 1.70%, 89, 1/7.80.10.
UK Electries 244b, 24%», 24%/124
Muron Electrics 10.
|
(New), 301⁄4án.
(lavus Bh.) 10320. Sandakan Lebts an.
Telephone 1ận.
(i) 204, 10. Shanghal Gas 119m.
Industrial
Culd, Marg, (Ord) 24lán, Custom_for_345m2
Cracht 19h, 104, 15 km. HK Reper 12.40b.
8toras, Etc.
• Thiry Farms 12adb, 1241⁄2 / .20mm.
(Rs.) 2.73b, ka, 235/70mm, Watrons 244 24
J Crawforda 225.
Blocores 3a.
Chino Ympafuta Nipn.
Sun Co., Ltd, 17BL
Kwong Senn Wong 19.
Wine On (UK) 40.
Wm. Unwell, Lul. In.
Miscellaneous
China Entertainmenta 1in. JK Constructiona (0%) #lân.
(New) 1,500.
Vibro Tiling 10n.
Martman Investments, 9/-n. Nariman (HR) 168,
Shanthal Loan
70,
hanghal Explor. 10. Yanglores 24h.
Ewos 1,006,
Cottone
BUSINESS DONE
(Direct business)
STIC Bank u 1.270, Wheelock $200 a $73. JIK Bock *7* at $14. ́
JIK & Bhanghai Hotel 2,000 at $1,
500 a $7.
HK Tram Ex.Div. 8.200 kk #11%.
Chins light (Old) 8,000 at 111,40, 1,188
at $11.40,1,000 $1,50
Chloe Light."(New). $500 at 38, 1,300
at $1.50.
huge wor potential of the peaceful industries of the U.S., the UK, Canada and other coun- tries of the Western world. The industrial production index of the U.S. is nearly double what it was in the five years before the last war and the index for the United Kingdom has been in recent months roughly 40 per cent higher than in 1938. In the United Kingdom the total volume of production of the manufacturing industries has been rising rapidly this year, showing an Increase of between eight and nine per cent in the first six months of the year compared witn the same months in 1940. This extra gain probably reflects of post-war investment in new equipment.
Another industry of potential military importance is the manu- facture af nylon which Is used
for parachutes and glider tow
other
things, ropes among Thanks largely to the completion, of a £5,000,000 plant in South Wales, British output. nylon is
times as great as
Now
WAS
over
N.Y. Stock Exchange
New York, September 20. Heavy selling in American Tele- phone stock slapped down the price and carried the rest of the market lower. Roughly 36,000,000 worth of ATT stock changed hands at losses ranging to nearly. $3 a sharo. It closed at 140~4, dowo 2-5%.
Large-scale liquidation
touched off by the news of a proposed financing programme of sweeping scope, The rest of the inarket quickly showed losses ranging to $; a share before buy- Ing support appeared. Final prices wure above the lows for the day in most cases.
Transfern were 2,100,000. A total of 588 stocks declined and 333 advanced. Of the 15 most active stocks, only five declined. Among the stumblers were
Gulf Oll, Baltimore and Ohio and Douglas Aircraft.
and
Stocks
Golners included Colorado Fuel, Graham Paige, J. 1. Case, Con- 10 months ago. duetry has been
Modernisation of British in-solidated Textile, Northern Paci
Kern County Land, spread many factories which may not Twentieth Century Fox.
Dow Jones averages. be able to show nay spectacular Visitors to the United Kingdom new building. One of the indica-80.65. 20 Industriais 224.33. 15 see some of the great new factor- tions of the extent of the moder- Rulls 66.12. 10 Utilities 30.59. ics and industrial plants which isation
the number of Clasing quotations: have been built in the last few nechines in use. It is estimated Adams. Express years or are now nearing com- that there are nboul 1,000,000 Alaska Juncau pletion. Two new electric power minchines costing at current American Can atations on the outskirts of Lon- prices £75 or don. at Kingston-on-Thames in British factories. Before the and at Croydon, are striking lest war there were between six examples of modern industrial and seven hundred thousand such architecture, On a clear duy nachines in use In the they are now landmarks in the Kingdom. vast sweeping view of London to
more ench
་
United Anaconda Copper
Aviation Corp.
The great pace of technical Baldwin Locomotive
Bocing
be seen from the crests of Hamp-advance in the past few years Bendix Aviation stead Heath.
has called for heavy ex- Bethlehem Steel penditure on new plant. One of
Aircraft the problems created by the need Berden Co, for rearmament is to maintain Canudlan Pacifie the pace of essential re-equip Chrysler ment while at the same time Culgate switching resources into the du Commercial Solvent fence programme. This must mean Durn Products from resources
the Du Pont provision of consumer goods, and Eastman Kodak if there is not to be inflation General Electric there must be an equivalent re
H Motors duction either by increased
consumer demand) Goodrich
Anvinge or Goodyear lugher taxation.
Up and down the country the traveller cannot fall to
notice the extent of new industrial building. Yet some of the most iniportant projects are not likely to be seen by holiday visitors from abroad, for they are sited, as part of post-war Government verting planning, in what are known as development areas regions hit most heavily by unemployment Lefore the war. The biggest single industrial project in the United Kingdom is the £60,- 000,000, steel works at Margam in South Wales bullt on
a flut coastal plain at the foot of, the green can mining valleys,
When it is completed in 1952
it will have a yearly output of 300,000 tons of sheet metal and 350,000 tons of tin plate. In
of
HK AGREED MERCHANT RATES Montgomery Ward
AMERICAN PRESIDENT LINES
The Global Port
TO HONOLULU & SAN FRANCISCO
Prea. Clavaland
Gan, Gordon
Prea Witson
vio JAPAN
Arr
Oct
14
Dalia. Oct. 18
Arri Det. '16' Balls qot. Atron Nov. 3. Balls Nov.
TO SAN FRANCISCO & LOS ANGELES
Prez, PloroD Pree MoKinley
via JAPAN
Art. Oct, 4. Sails
Oct. Arr. Oct. 24 Bala Out.25
TO NEW YORK, BALTIMORE & BOSTON
via PACIFIC COAST & PANAMA
Pilimore
Balla Arr. Bopt. 27
Sept. 28 Tyler
Arr. Oct. 20. Salle Oct. 80
Pres
Prus.
ROUND THE WORLD
VIA MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAY, KARACHI, BUEZ, PORT SAID, ALEXANDRIA, NAPLES, MARSEILLES, GENOA, NEW YORK and." BOSTON
20 Salte Sept,
Sept, 20
Pres. Jefferson......... Arr -Sept. 24 Prés. Van Buren....
25 Arr. Sept.
*OHITS MANILA, KARACHI & ALEXANDRIA
St. George's Bldg.
Tol. 18177/8.
BEN LINE
FROM
PAR LASS
SAILINGS
Gencs,
Liverpool, Rotterdam & Antwerp,
Liverpool, Misagow, Publin,, Antwerp.. Rotterdam.
DUE
27th Sept.
22
24
30%
Smelting Telephone Tobacco Waterworks
03
140
042
・じゅ
SHIP
34%
ARRIVALS
FROM
7
"BENCLEUCH"
U.K. via Bingapore"
-1336
"BENVANNOCH"
on or abt. 28th Sept.'
40
"BENVORLICK"
19th. Det
42
"BENMACDHU?"
29th Oct.
34.1%
"DENALDERA”
12th Nov.
50%
"DENAVON"
210) Nov.
18%
"BENREOCH"
ard. Deo.
711⁄4
"BENVENUE"
11th. Dec.
44
*
194
Loading on or abt.
10%
45%
40%
"BENVORLICH"
"BENALDER"
4.
"DENVENUE"
** L'and on, Antwerp,
Rotterdam, & Hamburg
23rd Oct.
16th Nov..
15th Des.
10815
64
Homestake Mining International Harvester
Paper
"BENVANNOOH"
London," Antwerp, Rot- terdam & Hull.
30th Sept.
50%
.371%
Tel &Tel
144
"DENWYVI8”
2013. Đặc
}
Johns Manville Kennecolt Copper
45%
643%
59%
*BENOLEUCH"--W
"BENMACDHUI”...........
30th Sept. Stat: Ost.
25
40
"DENAVON"
30th Nov.
10%
une
Pan American Airways
D
Pennsylvania RR
101
Radio Corp.
17
Real Suk
15
Romington Rand
13
Hepublic Steel...
30%
York Building.
Reynolds Tobacco
34
Schenley
31%
1./Credit.
Bear Roebuck
463%!
1/0 1/10 0.6, without
L/Credi 1/32nd up every
20 days.
Shell Ou
61.4%
Socony Vacuum
2341
NOTICE TO CONSIGNEES
Sterling (WV Airten & Indloa) +
1/2 13/10 1/1 1/10 O.D. if under
L/Credit. 1/3 1/4 Q.D. without
I./Credit, 4/32nd up every
30 dayя.
Studebaker Union Jag
#2 3/4
*3 3/10 TT.
#rut: hu,
13 11/10 60 days, A3 13/10 90 daya,,
Rupers (Aden) RZ 1/1
63 13/16 O.D. it under
1
South Wales, too, is one of the Maximum selling! Minimum buying
List
National Distillers
12 Land (.... New York Central
most ambitious of modern conl) Bierling (ndlrist Rterling 1/72nd higher | Packard Motors mining
With the use of than London rate for the Unground
locomotive
Involved): kaulage a coillery near Cardiff is expected to yield 750,000 tons of cal a year from seans which will lasi 200 years. Another new Industrial project built-on-a-vast
1/ 20/3: T.T. 1/18/IG
1/2 13/14 D.D
1/7 13/16
stole is the Imperial Chemical Sterling (P & Industries plant at Wilton, be tween the Cleveland ́alits Yorkshire and the River Tees.
About three-quarters of all espital Improvement and main- terance work being done in Dritain — that is out of a total of £2,200,000,000 this year is going to increase the country's productive capacity and only beut one quarter is to be spent
to it for
ot housing and social services. Nupres (India); Even the housing programme tus: an Industrial twist special priority is being given to houses for miners' and farm workers in order to attract wor- kars to these basle industries.
Main purpose
Main purpose of the
British
industrial expansion programme į since the war has been to achieve
to
increase
82 1/4
1/2 51733 30 dayı,
1/3 40 33 days.
-3/4 −1/42-130-daya,
Africa):
1/3 .D. under
.
L/Credit. 85 15/16 Q.D. without
L/Credit. 341/16 30 4 80` days,
13 3/8 7.T.
ka / .D.
dollar savings and Increase dollar Rupers. (Rangaandı exports. At the same time the effect has been British Industrial potential from the military standpoint. Steel
67,
13 N/A 7 A 30 daya, ka 78 63 days, 14 DO. JATO.
production for example is about nunees (Pakistan); iwo-thirds greater than it was in 1038 and the copacity still rising, The motor industry is producing about one-third more
15
47 11/10 T.T. +47 3/4-0.1.
57 7/8 days,
"
|
passenger cars and: between two Malaya: and three times, as many coin- 52 1/2 mercial vehicles as before the
41 1/14 TIT. A 0.0, 63 3/10 30 days,
} war. The aircraft industry has
UK Electric 750 at #24%; ̈800 at #2433.the war but has developed an
Telephone 100 m 817.
Cement 200 at 110%. Delry * Farm - 1,000), ut - $123,
11.80
53 1/4 ch days,
necessarily been run down since US. Dellars (delivery within one calendar month 1/14 down per calendar monik thereafter):
17 1/4
:
250
at
Important export trade. Taking production of motors, cycles and Aircraft together the toist output is nearly double what it was in Canada: 1938.
Watson 660 at $20%,^. Humphreya 1001μì '58%, Telephones (Rigbla) 4,200 at 10 cents. Dairy Farm (Right); 11,1ña, at szig, -400 .32.10.
Aula Ng, *0,000.01 70 cents, 1,000 at
.70 cents. Innakese`260° at $5.05.
Money Market
37 7/10 7/2 & O.D. 19 1/2 80 dare,
17 0/19 60 yo dinya.
LONDON STOCKS
Southern Pacino
Standard Brands
13
Oll of Calif.
Oil of N. J.
Carbide
US Rulber
Sicel
*Lines
Westinghouse
13
302
33
Vie Bingapore, Colombe, Port Sudan, Aden, & Suez.
For Further Particulars, Apply Tomm
W. R. LOXLEY & CO. (CHINA) LTD.
Agents
m.v. "CHANGSHA". Arrived September 20, 1950
Telephone: 34165.
NOTICE TO CONSIGNEES
*m.v, "JEFF DAVIS".
Having arrived Hong Kong consignees of cargo are hereby notified that all goods. höya cargo ex this been landed and placed t 474 vessel will be surveyed by their risk and expense into the
47
473%
18
2034
10%
33
Youngstown Sheet & Tube 101% Gen. Pub. Utilities
10
Bonds were lower. Among curb stumblers were Mcrubi Iron, Cuban Atlantic Sugar,Associat- cd 05.
CHICAGO GRAINS
Chicago, September 20."; Wheat futures moved up and down erratically but rallied near the close anish higher.. Feed grains and soybeans wero Arm most of the time. Wheat closed to: % higher. September
....92.20%. December..... $2.26-$2.20 15. March $2.20 1: Corn was 1 to 1-4 higher. Oats were 1 to 1-% higher.. Rye was 4 to 6 higher. Soybeans were 1-% to 2 cents
higher Associated Press.
NY: COTTON
New York, September 20. Cotton futures turned firm after early weakness, as trade buying inet only limited offerings. Closed 25 to 24 emits a bele bigher, ' October,
40.03. December N 40.79. March NINI 40.72-74 ́"May-Aug, ikut. 40.36-38,
July
October December w March Middling spot
30.51.1
25.05.
Damaged
"BA_ BOON · Us, the
Messrs. Goddard & Douglas ar godowns of the Hongkong and Hongkong & Kowloon Whats, Kowloon Wharf and Godown No. 50 Godown from 10 am Co. Ltd. Where delivery may on September 25 and 25, 1959. be obtained and consignees are requested goods are funded. to be present during survey,
BUTTERFIELD & SWIRE,
Agents, Australia-Oriental Ling
Ltd.,
China Navigation Co., Ltd.
America has plenty
of food
No claims will be admitted after the goods have left the godowns or failure to attend the survey. a ter d
. All broken, thafed and dam- jaged goods are to be left, in the godown where they will be examined in the presence of Messrs. Goddard and Douglas on September 23, 1930, at 10 'n.mi.
To comply with the General Bonded Warehouse Regulać tions, consignees must, have a Revenue Officer in attendance when examining damaged duti- abló goods. - All claims against the vesselmust be presented the Undersigned within
Washington, September: 21.
The Secretary of Agriculture, Mr. Charles F. Brannan, sald fourteen days of the ship's last night that American fur arrival or they will not bo mers should be able to produc recognised. plenty of food to see the nation No fire insurfince we will Through the Korean war or any affected.. lpture emergency, "+
Production is running at record or near-record rates, he said, and the farmers are gearod to raise the output, even higher. It ́ntccs-) sary. Because of these largo (sup-:
WALLEM & CO.
LTDA
Agents, Telephones 80041-5.
34.70 tominal, plies, he said, there should be no Hong Kong, Sept. 18, 1950.
food shortages like those of World 84.35 nominal War 11. For the same reason there 41.78 nominal, is almost no chance that price -Assoc[ated: Press,
18 15/10 -10 5/14 T.T. a) on, Certain specialised industries Australias have immediate military signifi 1/07/16 1/6 2/4 T.T. cance though engaged on civilian
· 1/8 rá/16 '0.n. production. The television indus New Zealands try is an example. Output, of
*1/2 (3/19), 1/3 1/10 T.T. television factories could quickly be switched to the production of military radar equipment. The British television Industry has gono oltad vory rapidly since the
London, September 20. US dollars opened and closed at 1950, production of television sets tions of the Stock Exchange to- war. In the Brave months of Prices forged ahead in all sec- HK$0.30 yesterday with a totalled 200,000 compared interval down to $0.80
with day. TT opened at HK$0.40%; and about 30,000 a year earlier. This British Government bonda led dropped to $0.50 at the close. is obviously of the greatest 'signi- 'the way with gains of as much as
controls will be clamped on agri Wer I and they are reared cultural products in the near per cent moro. A
to the job of producing around 40 -Industrial gold opened at HK4, cunce for the development of of pound per bond. 100 a tact, but after 'climbing dip | modern"; radar: including such
The Government issues were NEW YORK BANK
¡Asked Il÷he thought" farmers
A
present," he said, “wo are $300.75 It dropped and closed; at developments as guided misalles marked up because brokern· bo- ***
which depend on crúdar equip lleve: the Treasury may support AEQUOTATIONS
can supply: everything the nation datured of moro, sugar, than Wo Sterling opened at HK$15.67ment to home on their targets the market for these bands before Now York, September 2017 future, he replied: "With a decent should be plenty of meat The might need, in the forsetable tan posibly use," and there and closed at $10.7034
and it has been announced that Boating now oner to pay for na- Cloilog bank quotations an Australian pounds opened at the Royal Navy working on ionailsation of the steel industry. Bank of Americas son bid break from it weather and with what Sarry-over at the end of enough materials, and equipment, the year should total a whopping HK$1384; and closed at 12.40, homing torpedo, and the RAF The Labour rogima laa décided diujjat 23 (1991, 21m), anked, and mangoworker Sore 190,000,000s bushel in the colon
Plastres remained nominal at, uti a homing speel, which can to go ahead with nationalisation Chase National Daple 104 bid. 1 Tarmers are furning out about care, byer th
#indo 1940: HIATURASIDOMANDERITAAN be, Inunched by pansters, ogulnaton or shortly after next January
Tepover 30-kaskod. 28 per cent more goods: thea durs and the parry moves on grains cñor. HRTicals at UIC$20.70: a 100, and enemy aircraft from outside, the "10"N DARAKANI SA National City Bank sich bidagi mug the yearz- just prior a World
"should come to abo NEI Clauders at 21133 a 100, were. tango, of a bomber'a i defensive in Financial Times" index 117.7 Hachanged, KORREKMA
higūnai
Associated Prom CAMPANES
RmAssociated Fresk
(Colfiniled at fool of next Col)