THE CHINA MAIL, SATURDAY, OCTOBER
1950,
R. I. L
INTEROCEAN
ROYAL
SINGAPORE, JAVA
PORTS and
MACASSAR
"VAN HEUTSZ" •
"TASMAN"
"TJITJALENGKA"
ARRIVALS
In Port
Oth Oct.
25th Oct.
ARRIVALS
LINES
SAILINGS
11th Oct. 10th Oct.
20th Oct.
SAILINGS
10th Oct 11th Oct.
22nd Oct.
30th Oat...
10th Nov.
*only to B'pore, Penang & Bol. Dell
● MANILA, EAST &
SOUTH AFRICA &
SOUTH AMERICA
"TJIBADAK” •
"STRAAT 80ENDA"
* not calling Manila and Bouth America
JAPAN
"TJIBADAK"
"TJISADANE"
"TEGELBERG"
"STRAAT SOENDA"
"TJIBADANE"
"TEGELBERG"
ARRIVALS SAILINGS
13th Oct.
7th Oct,
24th Oct. 1st Nov.
18th Nov.
Agents: HOLLAND-EAST ASIA LINE
EUROPE via MANILA
and MALAYA
ARRIVALS
"MEERKERK"
"RYNKERK”
"LANGLEESCOT"
18th Oct. Darly Nov.
Through. Bx/1.
Istued
to
Mediterranean and Northerm
European porta.
JAPAN
"MEERKERK"
"RYNKERK”
"LANGLEESCOT"
SAILINGS
9th Oct. 13th Nov. early Deo.
7th Oct. 10th Nov, early Dec.
22nd Oct.
carly Nov.
KING'S BUILDINGZÉTELHINHONESIK2801 5ETO Üg×017EA
§ PROUNASEZABEN IST IN CONNAUGHTŲ ROVIĘCE TEŠANI9Gglap |
ISTHMIAN LINE
(Isthmian Steamship Company, New York)
DIRECT MONTHLY SAILINGS TO NEW YORK
VIA LOS ANGELES AND PANAMA
"STEEL SURVEYOR"
........... 27th Oct.
SAILINGS TO SAIGON, BANGKOK &
.12th Oct. 25th Oct.
DJAKARTA (BATAVIA)
"STEEL AGE".
"STEEL SEAFARER"
ARRIVALS FROM Ú.S.A.
Saila N. Y. Salls S.F. Duo HK.
"STEEL AGE"
Salled
"STEEL SEAFARER”
Sailed
Sailed sailed
11th Oct.
24th Oct.
GILMAN & CO., LTD.
Tel: 31140
Chinese Freight Agents: HIN FAT & CO., LTD. Tels: 28823, 25553 & 23483,
SWEDISH EAST ASIA CO.,LTD.
ARRIVALS FROM EUROPE
m.v. "TONGHAI" mLv. "BALI"
.In Fort
.ond Oct.
SAILINGS TO EUROPE
.in.v. "BENGAL"
́9th Oct.
m.v. "TONGBAI” m.v. "BALI”
.31st Oct.
.mid Nov.
FOR
ADEN, PORT SAID, GENOA, MARSEILLES, CASABLANCA, ANTWERP, ROTTERDAM, BREMEN, HAMBURG, COPENHAGEN, OSLO & GOTHENBURG
Droptanks available for bulkefl®
GILMAN & CO., LTD.
Tel. 31146
FINANCE AND
COMMERCE
PLAN TO STABILISE
THE PRICE OF SILK
H.K. STOCK EXCHANGE
After a week of fair activity the market closed slightly lower
best as than
profit-takers the
The dominated the final session. undertone was steady however and losses were unimportant,
The feature of the week has been the strong and consistent de- Been mand for Green Island Cements which showed stout resistance and finished $2 higher than Monday' early sales.
China Underwriters and North Points also had supporters and registered useful gains.
HK Govt. Loans
49 Loan 985.
3149 Loan (1994 & 1940) 03 3 Loan (1948) 00.
Banks
JK Shongbal Bank 1,440%,
(Len. Reg.) £841⁄21⁄2n. Chartered Bank £10/10n. Mercantile Bank A, B, £2214m. Bank of East Asin 1070. Insurances
Canton Ins. 2006. Reden.
Union In, T., D. Chlum Underweltere 2,908, 3.00mm. HK Fire Inn, 107,
Donglanen 250
Shipping
H & Macno Steamboala 11. Indo Chinas (Prof.) 12.
(Def.) sin.
Shells (Beater) 63/0n. Union Waterlanta 18. Asla Nov, 70b.
Docka, Wharves, Godowns, Etc. HK & Kowtoun Wharves 8415b, 8412an. North Polat Whirven Gb, 8.00, 0.
Shanghai Hongkew Wharves ·642b.
HK Docks 154.
骨
China Providents 12b, 12k.
Shanghai Dockyards 4n.
Wielocka 20%, Žika.
Mining
Rauh Mines 4,70m.
IK Mines
01.
Lande, Hotels & Bulidings --
HK & Shanghai Hotels 8.203), ~8,000,
8.42aa.
HK Lands (18.
-Shanghai Lands, 1.601.
Humphrey 00
HK Remition 2.15.
Chinme Estates "310n.
Publio Utliltles
HK Tramways 14b, 1430/20KA.. Penk. Tranty (Old). 28m,
(New) in,
Htar Ferries 754. Chlua Ligh
(Nid] 13%6, 18,801, 1815/40mm, (New) 0,60, 915 mm.
HR Electrics 195 2815/28. Macan Electrics 111⁄2n.
(New) 103in.
(Boros Bh.) 10n. Bandskan Lights 84% n. Telephones (Old) IZN
(New) 10n. Shanchal Gas 15.
Industrials Cald, Marg, (Ord) #211⁄2n. Canton lern 15.
Cementa 145, 1939, 141⁄4%/%/15mm,
НК Порек 1035л.
Dairy Farma
Stores, Etc.
(01) 18b. 14%s, 14/132mm. (Now) 124.
Watsons 201¤.
E. Crawfords 24m.
Binceres In.
China Emporium 81⁄21⁄2n.
Bun Co., Ltd, 1.70p.-
Anne Ben Hoan Tù.
Wing. On (HK) n.
Wr, Powell, Ltd, 8n.
Miscellaneous
Chinn Entertainments · 136, JIK Constructions (Ok) 3,
(New) 1.300.
H
Vibro Piling 10b. Mariman Investments 9/-n. Mersman (HK) 78», Shanghai Low Tab. Shanghai Explor. 206. Yangtzer 2n.
Ewow #9*.
Cottons
BUSINESS DONE (* Direct business) Canton In. 10 at $100. Union Ins. 60 at 1080. Wheelock 1,000 at $25. Wharf Co, 100 at $455.
North Point Wharrer 2,500 at 6134. China Provident 1,109 at 18, 200 ut $12. IIK Land 400 at $64. Kahanahal Hotel 500 at 18.40.
1,000 8.40, 700 at. 83,40. HK Team 1,200 at $14,30, 1,000 xt
$14.30, 500 at $14.00, 700 mt $14.20.
Now York, October 6.
Twenty-eight Japanese delegates to the Interna-
New York Stock Exchange
AMERICAN PRESIDENT LINES
The Global Flact
Tel. 28172/5,
TO HONOLULU & SAN FRANCISCO
Bt. George's Bldg.
Pres. Cleveland
Gen.
Qordon
PFOR
Witton
vio JAPAN.
'Arr Oci
14
Salie
Oct.
Arr.
Oct., 18
Galle
Oct.
Arc
• Nov. 3
Boile
Nov.
via JAPAN
Arr.
Oct. B Balla Oct.
Ar
4 Novi
9alla. Nov..
TO SAN FRANCISCO & LOS ANGELES
Pres. Pierce Pres. McKinlay
of
New York, October 5. Stocks tried hard to get ahead
the leadership today under
tional Silk Congress opening hore on October 16 arrived last night with a definite plan to -stabilise the international price of silk. Mr. Heiji Yoshido, honorary president of the Intermolors and steels but the market national Silk Association and head of the de-retreated under last minute sell- forced losses legation, did not say what the plan would be ng pressure that
ranging to around $1 a share. but will present it when the conference opens,
He. said Japan would become a permanent member of the ISA "as soon as we can get proper permission from SCAF after our return."...
WOOL AGAIN HARDENING
Mr. Robert Hickerson, SCAP
Sydney. October 5, Prices at Newcastle wool representative with the delega- tion, said there should be no diff-sales today tended to harden culty in obtaining such permis- | under keen general competition,
sion
The delegation is now here oficially as observers.
Mr. Ilickerson said the purpose of the meeting is to give Japanese representatives of the silk indus- try "an idea of how much silk will be needed throughout the world as well as the types and kind desired for production in Japan, and to meet technical problems regarding the price of silk."
"Plans were being made to in- crease Japanese production to supply the demand of foreign tharkets. Production was not held up by lack of equipment but by a shortage of raw material-cocoons and mulberry acreage.
All-out effort
Food shortage in the post had kept the mulberry aérenge down but now through, all-out effort of the Japanese together with Unit- ed States food shipments increas- ed silk production
be
achieved.
can
was determin-
The
price of sille w ed almost entirely by the cost of i raw
material
The delegation arrived after 40-hour trip on a special DC-4 plane on which was painted "Silk Mission, Tokyo-New York."
United Kingdom buyers took a more active part than previously, Any change in the market from the previous day's rates was in sellers' favoure spinning quality brought up to 190d, a pound.
Wool
At Goulburn sales the market was strong, being par to Ave Per Cent above Sydney rates, and 103d, was the top price realised.
In a strong market at Geelong "Australlán record (Victoria), an price of 210-4d, a pound was paid for greasy
Merino wool.
A record price of 214d. a pound was paid for three bales of lambs wool, Competition was widespread and buyers included Russian in- terests.-Associated Press.
South Africa to float loan In London
London, October 5.
Stects alone stood higher among the major groups. Motors were unchanged, lower were rails, oils, metals, motion pictures and utili ties,
That does not tell the whole atory of the day-of the 15 most ended active issues, only two lower. And a number of indivi dual stocks showed Independent
strength based on corporate dove- lopments.
·Transfors wore 2,400,000, Gainers included Pepsicola, Jones and Laughlin Steal, Curtiss- Wright, Rexall Drug. Armco Steel, Stumblers included Santa Fe, Morris, Western Union, and Dou- Nickel Plate, Cocacola, Philip
klas Aircraft,
Dow Jones averages: Stocks 83.02; 20 Industrials 220.85: 15 Halls 60.18; .10 Utilities 40.02,
Closing quotations: Adams Express Alaska Juneau American Can
Smelting Telephone
so the problem The South African Govern-Commercial Solvent really goes back to the farmer, ment announced today that It Corn Products
He concluded: "We are a big will raise £5,000,000 in London | Du Pont delegation, well equipped to tackle on any subject. Japan is through a three and a half per Eastman Kodak prepared
to make an sil-out effort cent inan to mature in 1988-70. Genoral Electric Motors Mr. N. C. Tavenga, South to make everyone happy using Africar. Finance Minister,
ne- Goodrich our silk."
gotlated the loan during his re- Goodyear
Homestake Mining. cent visit to Britain. It follows loan et £10,000,000 raised In International Harvester Londor:
Paper. finance
Tel & Tel capital projects in the Union. At Mr. Yoshida and Hiroshi Shiga, that time Britain agreed to South Johns Manville silk industry adviser to SCAP posed at LaGuardia airport with Africa's raising a further £10,- Kennecott Copper 000,000 required, and the new Montgomery Ward an airline hostess in front of a 000.00
this second National Distillers nylon hosiery dispensing machine. issue is part of
instalment".
Lead The machine operates by insert-
The new loan will be issued at New York Central ing a dollar, pressing the button
902
| Pan, American Airways of the size desired and receiving
Market reaction to the news Pennsylvania RR
last year to
23
• Calle North China Ports,
TO NEW YORK, BALTIMORE & BOSTON
via PACIFIC COAST & PANAMA
Prez. Tylor Pres. Grant
Arr. Arr.
Oct. 27
28 Balls Oct, 18 Galle Nov. 16 Nov.
ROUND THE WORLD
VIA MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAY, KARACHI, SUEZ, PORT SAID, ALEXANDRIA, NAPLES, MARSEILLES, GENOA, NEW YORK 【V BOSTON Pros. Polk Willametto Victory
Oct. 18 Arr. Arr, Oct.
Balls Oct. 30 B** Oct.
ย
BEN LINE BENDLIN
ARRIVALS
"BENVENUE"
"BENLAWERS”.
SAILINGS
London Antwerp, Rotterdam, & Hamburg
DU
In E
14th N
·14th.: £
24th C
25%
103%
i
65 15074
*
J
Tobacco Waterworks
65%
0
Anaconda Copper
35
Aviation Corp,
Baldwin Locomotives
14
Bendix Aviation
487%
Bethlehem Steel Boeing Alrcraft Borden Co. Canadian Pacifle. Case J. I. Chrysler Colgate
435%
35%
SHIP
FROM
50%
/"BENVANNOCH"
U.K. via Singapore
20
"BENVORLICH"
on or abt. 20th
60%
"BENMACDHUI"
2nd N
62.%
"BENALDER"
46
"BENAVON"
19%
00%
B194
46
47
03%
Loeding on or a
114
€2
39
31%
"BENVORLICH" "BENALDER" "ENVENUE"
3rd
77th
17th
45%
13%
"BENVANNOCH"
4614
London, Antwerp, Rot. terdam & Hull.
Buoy A
03%
0434
Сепед,
281
"BENWYVIB"
51%
10%
914
"BENMACDHUI"
"DENAVON"
194
18%
14
194
40%
35%
32
61%
51%
York Building.
Telephone: 341)
24
-61
22/
754
"
Oil of N. J.
8341
Studebaker Union Bag
33%
THE EAST ASIATIC CO., LT
35%
Carbide
40%
$16
30%
104 334
M.S. "KAMBODIA”
a pair of stockings.
Mr. Yoshida said slik stockings was favourable in direct contract Radio Corp. were much better than nylon.with last year's issue, one of the Real Silk... United Press.
Austrian basic exchange rate abolished
Vienna, October 5.
The Austrian National Bank todvy abolished the so-called basic rate of exchange of the Austrian Schilling in relation to the U.S. dollar, according to an official announcement.
The "basic" rate of 14.4 Aus- trian Schillings to US$1 established on November 21, 1949. for the insport of certain Marshall Plan goods, such as bread grains, flour, fats, sugar, cool, seeds; fertiliser, fodder and various kinds of medical supplies.
Wall
All foreign trade will be figured at the present trading rate of 21.34 Schillings to US$1 after today.
The so-called tourist rate of exchange of 20 Schillings to USS!
China Light (08) *500 at 81536,500 remains unchanged - Associated
At 91815, K60 at 318.40, 200 at $133. Prosz.
China Light.(New) 1,800 at $915.
HK Electric 500 at 328, 100 at $28,
100 at $28.
Cements #2,000 mi $143%, 200 at 14%,
100 at $144, 390, a1 #14%, 500 .at $145.
Dairy Farm (018) 300 at 814, 500° at
·913%, 1,000 at $1894. Watson 100 at 326,
Money Market
biggest failures in the history of Remington Hand the London Stock Exchange. Republic Steel Eighty-four per cent of the loan Reynolds Tobacco was then left in the hands of Schenley' the underwriters.-Reuter.
Sears Roebuck
Shell Onl
Socopy Vacuum
NEW YORK BANK Southern Pacide
QUOTATIONS
New York, October 6. Closing bank quotations: Bank of America 20-3/4 bid.
28-1/4 asked. Chase National
37-1/8, bid. 39-1/8 asked.
Bank
National City Bank
44-bid, 46 asked. -Associated Press,
NEW ORLEANS COTTON
5.
New Orleans, October Cotton futures closed US$1.30 to US$2.85 a bale higher.
October
41.00 December
40.73-74 March
40.40 May
40.48 July
30.41 bid Spot cotton was US$2.75 a bale higher.
Middung
41.15
·
Underwriters 4,000 at $3.30, *2,000 at Highest and lowest rates were March
Waterboats 250 at $15, 280 at $18. Repas 3,000 st.17% cents. Dairy Farms (New) 4,000 at: $12. Pahangs *1,000 at 0215 cents, Tanah Merahan $1,000 at 63 cents. Trista 250 ML $3.40.
·Star Ferriam *100 mtʼ873.
Pacific Far East Line, Inc.
1
Fast Regular Trans-Pacific - Service
AMMAM DVEALAND
IN NEW YORK-CHICAGO-DETEGIT/TORONTO, MONTEBAL AND ALL AMERIGAN) a CANARIAN CITIES."
DINEST
SAN FRANCISCO, LOS ANGELES
Arriva
San Francisco
riving, by ‚“Firing, Drág
"ANDREA LUCERNBACH" Dan Francisce
"NORTH WESTERN
VICTORY"
"LEETWOOD"A": "CHINA ̃DKARTA
YING, DRAGONS(),(
LIAM-LUCKKNBACH
-San Francisco & 196 AREVÍM..
· Biuropiro" Djakarta,· Hambay,
Karachi, Basrah & Übverumobor
:
New York, October 5.
47.00 bid.
Standard Brands
JP Oil of Calif.
US Rubber
"Steel
"Linas Westinghouse
Youngstown Sheet & Tube 10434. Gen. Pub, Utilities
17
Rall bonds edged lower. Among curb gainers were Fairchild Camera, Raytheon, Sherwin Wil- Hams-Associated Press,
NOTICE TO CONSIGNEES
mv, #STONEWALL JACKSON"
Having arrived Hong Kong consignees of cargo are hereby. notified that all goods have been landed and placed at their risk and expense into the go- downs of the. Hongkong and Kowloon Wharf and Godown Co., Ltd., where delivery may be obtained as soon as the goods are landed.
NY RUBBER
Crude
rubber No. 1 futures US dollars opened yesterday ati HK$0.30% and closed at $0.37. closed 125 to 200 lower.
December
52.50.
No claims will be admitted $0.37 and $0.35%.
Muy
43/50 bid. after the goods have left the TT opened at HK$6.40% and Spot No. 1 ribbed smoked sheets godowns of failure to attend closed at $0.41%.
17- nominal-Associated Press. the survey. Industrial gold opened at HK$288 a lacl, aid after dropping to $280 it went up to $290.50. It closed
at $200. Sterling went up five cents to HK$15.73.
HK$12.50 a 100
Ticals' at HK$20.00 a 100, and NEI Guilders at HK$2,80 'n 100,, were unchanged.
TEXTILE MÄRKET
were
20th
5th
5th
Liverpool, Rotterdam & Antwerp. Liverpool, Glasgow,
Dublin, Antwerpin Rotterdam...
Via Singapore, Colombo, Port Sudan, Aden, d. Suez,
For Further Particulara, Apply To-
W. R. LOXLEY & CO. (CHINA)}'LTI Agents
LOADING 13th/14th OCTOBER
for
ADEN, FORT SAID, GENOA, ANTWERP, ROTTERDAM
HAMBURG, OSLO, GOTHENBURG & COPENHAGEN
THE EAST ASIATIC CO., LTD.
Queen's Bldg, Zad Beer.
ECONOMIC AID TO THAILAND
Tel. 34111 &°26121
ALLOCATION BUSMATERIALS
Washington, October 5 Washington, October: 5. The Government's top prod United States economic aid to] tien official said today, that so Thailand will soon get under way materials may have to be al with shipment of US$71,000 cuted in the next 60 to 90 days worth of DDT to be used in the assure that milltary needs fight against malaria and other supplied; diseases in Thalland' sgricultural| arena.
William Henry Harris head of the National Product Authority (NPA), told repor he would not be surprised its allocations orders are by that trac
Allocation is to ef
In effect
ratio
All broken, chafed and dam- aged goods are to be left in the godown where they will be New York, October. B. The Cotton texille market examined in the presence of
The programme is under the Australian pounds opened at continued to mark time, except Messrs, Goddard and Douglas HKS12.00 and closed at $15. for some selling of print cloths on October 7, 1980, at 10 am. direction of the ECA. It const
Pistres continued nominal at The popular 80 Square print
tutes only the first phase of US cloth number sold at 27:1/2 cents To comply with the General aid to Thailand aimed at im- a yard for prompt delivery, off 1 Bonded Warehouse Regula- proving the health and economy at the manufacturer's level. 1/2 cents."
of the country.
liniting of supplies to m Wool
steady, tong, consignees must have a goods
facturers of civilian goods w The UCA is also sending a of course, mean fewer gooki) ↑ Rayon goods were dull-Assoc Revenue Officer in attendance ated Pross.
when examining damaged duti- quantity of phosphate and other lable for consumers, mer able goods. All claims against | fortiliser materials as "n part of Mr. Harrison 'spoke of ali the vessel must be presented to its first effort. These will be used bumptes of materials whi
and copper Chicago, October 5.
the Undersigned within four-in, experlements to be made, in Carn was steady under com-
London, October 0. mission house rolling Wheat Quiet firmness prevailed in teen days of the ship's arrival, agricultural areas. closed unchanged to cent most section of the Stock Expr-they will not be recognised. chango, British Government bonds $124 3/4-7/8) all closed with gains
No fire Insurance will be of of 1-16th $220 1/4-1/8 Pidth ofʻa'Pquidi
Fleetod dixzlly during the Korean
in wors
good demand. Tho closed
higher, the 1910s H4 bigher
_CHICAGO_GRAINS
December
March
May
July
one
LONDON STOCKS
to
FREE 90 5/6-271 Bolero' bonds, which have
$2.15, 1/8
Corn; was 7/8-1-84
"Qats" were unsligiged
Rye was 1 1/8-21 1/2 higher
Boybeans were 1/4-3/4 higher. -Associatnd; Press,
1907
higher
and the 10301 on
Financial Tiraca Index: 110.0. Associated Premie
WALLEM & CO. LTD.
38041-5. Teloph
But he said it tydiment The ECA programme for Thai yet to gauge ust when w land calls for U.B. ald to help fur hard te inlillasy, akparmia ther develop the country's agriqul-, gramme as will shift that tural resources, support the re- economy, ile,hopes to ha habilitation of the transportation déduite, knowledge” with and communications systema, 10 days 480
INPA 19 HOW: lookli provide American technical inte tance, inTMm ) public health, praz. 10, may pat
·gramina and aid in doveloping
Tamiland's expos
'ciated”Fress:
1