R.I.L.
ROYAL
INTEROCEAN LINES
SINGAPORE, JAVA
ARRIVALS
in Port
PORTS and
MACASSAR
"VAN'HEUTSZ" *
"TABMAN”
in Port
"TJITJALENGKA"
25th Oct.
only to S'pore, Penang & Bel. Dell
MANILA, EAST &
SOUTH AFRICA &
SOUTH AMERICA
"TJIBADAK" *
"STHAAT BOENDA"
"TJIBADANE"
"TEGELBERG"
SAILINGS
12th Oct
13th Oct. ath pak
ARRIVALS
SAILINGS
!
16th Oot. 11th Oct.
22nd Oct.
30th Oct.
18th Nov.
not calling Manila and South America
JAPAN
"TJBADAK”
"TJISADANE"
"TEGELDERG"
THE CHINA MAIL, WEDNESDAY, OCTOBER 11,· 1950
FINANCE AND COMMERCE
Hong Kong WORLD COTTON OUTPUT
Stock
SHOWS DROP
AS
Exchange CONSUMPTION INCREASES
Washington, October 8.
A slightly easier tendency pre The U.S. Department of Agriculture says world
vallet on the Stock
Exchange
yesterday, and prices were geher-i ally nofter where changed. Pront taking and corrective selling slow- ed up in the afternoon session
market closed! however and the
cotton production for 1950-51 is estimated at 26,650,000 bales, about 14 per cent balow the 1949-50 total of 31,050,000 bales.
buyers at the lower World consumption, stocks and trade for 1949-50 all showed increases over the previous year. No estimate was made for 1950-51.
with frushi levels, and signs of strength re- appeared.
i
ARRIVALS SAILINGS
4
13th Oct
10th Nov,
24th Oct.
16th Nov.
1st Nov.
*
Agents: HOLLAND--EAST ASIA LINE
EUROPE via MANILA
and MALAYA
PRYNKERK"
"LANGLEESCOT"
"MARIEKERK"
Through Ba/t.' immund
to
Mediterraneon and Norther
Eurupean ports.
JAPAN
"RYNKERK"
"LANGLEESCOT"
"MARIEKERK"
* PEKING'STRUILDING:
2010
1. RIDES,
20220
THE ROBLE
TYE
ARRIVALS
19th Oct.
19th Nov. early Dec.
SAILINGS
9th Nov.
9th Dec.
carly Jan.
7th Nov.
22nd Oct.
7th Dec.
22nd Nov,
early Jan.
early Dec.
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 &
DJAKARTA (BATAVIA)
"STEEL AGE"
"STEEL SEAFARER"
ARRIVALS FROM U.S.A.
"STEEL. AGE"
"STEEL SEAFARER"
.13th Oct. .25th Oct.
Sails N. Y. Sails S.F. Duo H.K.
Sailed 12th Oct. 24th Oct. sailed
Sailed Sailed
GILMAN & CO., LTD.
Tel: 31146
Chinese Freight Agents:- HIN FAT & CO., LTD. Tels: 28823, 25553 & 23483.
m.v. "BALI"
SWEDISH EAST ASIA CO.,LTD.
ARRIVALS FROM EUROPE
13th Nov.
SAILINGS TO EUBOFE
m.v.. "TONGHAI” mv. "BALI”
.31st Oct.
.29th Nov.
FOR
ADEN, PORT SAID, GENOA, MARSEILLES, CASABLANCA,
ANTWERP, ROTTERDAM, BREMEN, HAMBURG, COPENHAGEN, OSLO & GOTHENBURG
Deeptanks available for bulkoil
GILMAN & CO., LTD.
Tel. 31141
RK GOVT, LOANS Lan.
Lan (1981 & 1940) V Lown (1948) 9546.
HANKH
Shabani Batsk 1440.
[I Reg.) 48350, Chattered Bank £10 1/16n, Mercantile Bank A. & D. £22. flank of East Asla 107. INSURANCES
Canton Ink, bub.
Uuden Jux, 670), 700), APUMI, Chin Underwriters 3,00n. HK Fire 14, 143an.
BHIPPING
Douglasen 150.
NK & Marry Stentrikust in.
Indo Chiran (Peef.) 125,
(Def.)
Bhells theater) 12/1.
Union Waterliumia 19.
Aalu Nux, 107 lyk.
DOCKS, WHARVES, GODOWNS, ETC.
FK Kowna Wharves BAD, North Paint Wharves
4b, &1%/20?ma.
Shanghai Hogchew Wharver "bb.
1K The Fre
Chin Providente 120,
Alumni Dockyards 42 Wherlocks an.
MINING.
Raul Minese 4,791,
EK S 01.
LANDS, HOTELS & BUILDINGS Khoi Hotel 8,200, 8.207.80/V4 HK Lanal 4RION.
Shanghai Innals 1.Gün.
Humphreys
40.
1K Renities 2.10m.
Cine Estolan 130n.
PUBLIC UTILITIES
1 Trawy 13.806, 14, 14/13.50an.
Peak Trama (0) 18.
►
(New) 8n.
Star Ferries 7114b, 73, 334.
China Lights:
(M) 12 891, 13.20. 13/13.80/1316. (New) 9b, Asp.
HIK Eetrics 274, 25, 275/450, Muen Electrica #120.
(New) 104an.
Bam Sh.) 10an. Sansiskien Light 8. Telephones (01) 12.
(New) 10!30. Shanghai Gaa 1945,
INDUSTRIALS Call, Murk, fOrd) 2214k. Canton Iris 170. Commite 1946, 143m, 144/110% am. IK Hepna 12345, 15582.
STONES, Etc.
Dairy Farma *10M) 191⁄2, 1ès, 13%,
(New) (Prae
H
Watrons &
1. Urnwforth 240, Sion,
Sieceres n.
China Emporium 82. Gun Co., Ltd. 1,70m, Kwang Sang Honu 85b. Who On (HK) 451. Wm. Powell, Ltd. 28.
MISCELLANEOUS
Chin Kutertainments 13.
. IK Constructions (Old) 35.
̄`•.~~~ (Newj - 1,306.-
Vibro Filings 10b.
Morosan Doveslasenta 9/+5, Morsman (UG) Ada.
70. Shanghal Explor. 20. Yangingu,
Fiveu
COTTONA
RUNDEN, ele. COMPANIES Alma. Estates 128. Anglo-Dutch 30. Anglo-Juvas (20b. Batu Anuma
166.
Bute Plantations G
Chemor United „30b, „50s, Chen Rubber 230. Consulisintex Rubbers 1,650. Deminton · Rubbers
Sarı-Consolidated
Kata Baliroo .93b. Krouwork Javas ..156.
Langkats 30
509, on:
Pada Rubbers' ‚15b.
Repuh 105.
Rubber Trusts 2.30h. Aamagoga Rubbers .6566, Bemambu Rubbers 39. Shanghal Rodaba bb, SVasa, Blanchal-Malore 10m. Shanghai Pahang „15b. Shanghal Sumatrns 1,10b. Sun Manggis Sungel Durla. 206. Tanah Merahe „fik. Tehona' Rubbers
10
18h.
Zinngbé Rubbers 356,
BUSINESS DONE (Direct busigers) ·
*
HK Baukt 1,400. Union, Ins. *26 at 1089, 5 at $680. HK Pre 3 ut $146, North Point Wharton $2,000 ** 351⁄2,
2,000 at 1, 2,000, at 85,00. Chins Providant 200 at $12.
HK & Shanghai Hotel 190 at 19.30, 100 BBC Tram 1.690 at $34, 2,000, a 14,
at $8.20, 600 at 85.30, 500 at 1836.
4,500 at $18.00, 100 at $15.00, 200 ́nt: $18%.
Chian Light (014) 200 as $18.40, 1800 at $18, 500 at 15, 100 at #18, 500 (Continued at foò of next-Col)
Pacific Far East Live, Inc.
DILDOT
Fast Regular Trans-Pacific Servico
BAN FRANCISCO, LOS ANGELES
Bin Franciscy
'OVERLAND NEW YORK-CHICAGO-BÉTROIT-TORONTO, MONTREAL AND ALL AMERICAN: &- CANADIAN CITIES,
Arrive
Det.
*LKETWOODY:4: "CHINA BEAR“ · "FLYING DRAGON
"WILLIAM
VI"CONTEST
tan Frances Cargo arriving by “Firing Dengvą?"
„Ban'Fränciam di Los Ángilis,
The sharp drop in produc-. tion is due mainly to lower acreage and yields in the Unit- ed States, where output is ex-.
9.700.000 pected to be only bales compared with 15,000,- 000 a year ago.
Foreign production Was up 1.820 000 bales (12 per cent) to 10,850,000. The increases for major countries are!
China 500,000 bales, Egypt)
Brazil 300,000, 450 000, ngin 215,000, Pakistan 150,000 and the Soviet Union 100,000.
Official
that sources bellevo the U.S. production will increase next year due to recent Govern- ment selion in lifting restrictions
on cotton growing.
World cotton consumption last year is now estimate t 29,200. 000 bales, about 800,000 above
that of a year before. U.S. con- sumption rose from 7,795,000 bales to 8,870.000.
Consumption in Europe coun- tries, Including the Soviet Union apparently increased by about 500,000 bales from 7,500,000 to 8,000,000.
Asia's consumption
Yugoslavia
asks for British aid
.
London, October 0. Yugoslavia has asked Buitaln for a substantial loan to help: her buy capital and consumer to (usually goods, according well-informed quarters in Lou don today.
The request for the loan, be- loved here to be for between 10,000,000 and £20,000,000, was today being considered by British Government departments, they sukci.
The loan was understood to be part of Yugoslav moves to launch a considerable reconstruction pro- Gramme.
New York Stock Exchange
New York, October 9. Selling forces dealt the stock market a forceful drubbing to- day. A mild rally developed to- ward the clore and helped litt many ismos from the day's lows. Plenty of stocks, however, finish- cd from $1 to a round $6 lower.
A sell-off in Chrysler Motors reached a fast pace and at one time the stock was more than $4 under Saturday's closing price.
Traders were disturbed over Inercasing reports of programmes for curbing credit, which might lead to a slowing down of Indus- trial production."
:
Trading was at, the rate of 2,- 400,000 shares for the session.
Other issues far behlad were U.S. Steel, U.S. Rubber, Dupont, International Paper, Jolins, Man- svill and U.S. Gypsum..
Dow Jones averages: Stocks 82.94; 20 Industrials 230.02; 15 Rails 08:03; 10 Utilities 40,02. - The American Export-Import Closing quotations: Bank has already made two $20,- 000,000 loans to Yugoslavia since Adams. Express the middle of last year and at the Alaska Juñet and of August the Sceretary of
American Con State, Mr. Dean Acheson, on- Consumption in Agia so anounced that the United States whole 'was down by
had agreed to loan her a, further nearly 200,000 bales from 8,100,000 to $13,000,000, 7,300,000. Shorp decroasco of
Reports from Belgrade at that Anaconda Copper 500,000 bales in India to 3,250.¦ time valu that Yugoslavia facea Aviation Corp. 000 and by an estimated 850,- bankruptcy by October if she Baldwin Locomotive 000 in China to 2,150,000 were could pot raise the money.
Bendix. Aviation partly offcct by a sharp rise in
Bethlehem Steel Japan where asumption of Mr. Eugene Black, President of Boeing Aircraft about 1,060,000 bates was 350,- | the International Bank for Re- Borden Co. 000 higher than in 1948-49. construction, visited Belgrade last Canadian Pacifie
month to discuss a Yugoslav ap- Case J. 1. Consumption in South America pliction made 13 months ago, for Chrysler andi Africa wos about equal or a $25,000,000 long from his Bank Colgate slightly above that of a year ago. for capital reconstruction.
World cation stocks us of July: 31 this year were estimated 16,400,000 bales, up 1,500,000 above the total for July last year. Stocks were up substantially
the U.S. and Western Europe anci
in slightly
Pakistan, Turkey, China and South America. De- creases were reported in Asia, Africa and Indio.
Commercial Solvent Yugoslavia has also been nego- Corn Products tiating for a credit from West Du Pont Germany, reported in Belgrade to Eastman Kodak Electric for $30,000,000, on a short term General hp and 535,000,000 payable in about 20 years. Reuter.
COTTON CROP
Motors
Goodrich Goodyear
Homestake Mining International Harvester
Paper
Tel & Tel
AMERICAN PRESIDENT LINK
The Global Fleet,
St George's Bldg.
Tel. 28172/6
TO HONOLULU & SAN FRANCISCO.
Prem Claveland ve
Gen.
Gordon
Pres.
Wilkan
vio JAPAN
Arr Art. Oct.
.Oct..14
Salta
Oct.
18
10 Balla
Oct,
Arr
Nov. 3 Balla
Nov.
TO SAN FRANCISCO & LOS ANGELES *
via JAPAN
Bros. McKinley Pres. Taft
Arr. Nov. 4 Balla Nov.
Nov Art.
G Balla Nov.
TO NEW YORK, BALTIMORE & BOSTON
via PACIFIC COAST & PANAMA
Oot. Arre
27 Balla Air. Nav. 15 Ball. Nov. 1
Pree, Tyler Pro, Grant
ROUND THE WORLD
Oct.
and
VIA MANILA, SINGAPORE, COLOMBO, COCHIN BOMBAY, KARACHI, SUEZ, PORT BAID, ALEXANDRIA NAPLES, MARSEILLES, GENOA, NEW YORK BOSTON
AN Oot 18 Salis Oct.
Sa||= Arr, Oct. 30
Prez. Polk Willametto Victory
'OCL
BEN LINE
"DENCRUACHAN"
GET 82
FRENTAL
ARRIVALS
FROM
U.K. via Singapore on or abt. 22nd
200 .14th) 1st
14th
0
1ut
10th
17t
23rd
292H
234 2 104
Smelting Telephone Tobneco Waterworks
65
SHIP *"BENVORLICH"
450%
"BENMACDHUI"
07.%
"BENALDER"
931
"BENAVON"
35
“BENVENUB".
"BENLAWERS"
135%
"BENMHOR"
48%
"BENATTOW"
43
"BENLOYAL"
30
50%
19
52%
SAILINGS
02
Loading on or
45
19%
26th
"BENVORLICH"
GG1⁄4
17th
"BENALDER"
01
"BENVENUE”
17th
40%
"BENWYVIS"
London,' Antwerp. Rotterdam, & Hamburg
27th
4832
"BENMHOR"
14th
53%
"BENATTOW"
21st
114%
"BENLOMOND"
25th
01
39%
3131
45%
"BENMACOHUI”
13
"DENAVON"
464
"BENLAWERS"
Liverpool, Dublin, Rotterdam.
Glasgow, Antwerp
52
6th
054
055%
20
50%
US exports jumper, from 4.- 747,000 to 5,770,030 Úáles, Mexico! from 230,000 to 677,000, Pakistan! from 660,000 891,000 and in a. harvest tinc report today | Radlo Corp. Turkey from 135,000 to 239,000. estimated the U.S..cotton crop Real Silk
at 9.309,000 bales of 500 lbs. Remington Rand Brazil exports dropped from weight. 033,000 to $50,000. Lales, Changer
Washington, October 9. Packard Motors The Agriculture Department | Pan American Airways
New York Central
16%
44
19%
18%
144
1314
-41
For Further Particulara, Apply Tom B W. R. LOXLEY & CO. (CHINA) LT Agents
3516
York Buildlog.
Telephone: 34
32%
0214
$2
24
601%
22
754
I
Oil of N, J.
80
Studebaker Union Bag
-35%*
35%
THE EAST ASIATIC CO., LT
405%
50%
40%
10%
33%
17%
--World ----cotton -yxport--trado amounted
to about
bales in 19-10-50,
12.300,000 or 1,600,000
larger than the previous year.
Johns Manville Kennecott Copper Montgomery Ward
ESTIMATE National Distillers
Lend
Republic Steel In exports from other countries the forecast of a month ago. The
This is 13,000 bales less than Reynolds Tobacco
Schenley... were relatively small-Associated indicated crop is far short of the Sears Ruchuck
Press,
government's goal of nearly 12- Shell Oil 000,000 balcs and is sharply bolow Socony Vacuum last year's 16,120,000 bales. It also Southern Pacino is short of the 1999-48 average of Standard Brands
Oll of Calif. 1,899,000 bales.
APL ship turned over Secretary of to U.S. Navy
Curaden, New Jersey,
October 9. President George Killion of Ute American President Lines today turned over three (new ships to the Navy and then announced his company plans seven new vessels (for private use.
Mr. Killion's announcement that his company's "faith in the future inspires us to plan a ship replacement programme involv vessels took maritime leaders by Ing Boven ndditional new
surprise. Ho
previously
had
Because of the small crop, the Agriculture, Mr. Charles F. Brandao, has stupend-
11 Carbide ed acreage and marketing quotas for next year's crop and called for US Rubber production of at least 10,000,000 bales.
Rigid government controls, poor weather and insects were factors contributing to this year's small crop.-Associated Press.
Negotiation
on wage Increase
CIO Steelworkers Union lea
Pittsburgh, October 9.
mentioned only replacing of the ders today. reported that 35 three ships being turned over to large and small steel companies the Navy.
have agreed to immediate ne- The 10,000 ton s/s President gotiations on the union's de- Adams, record of three sistermand for a very healthy and ships destined for service as a substantial wage increase. troop transport, went, down the The union has baked 11000
Steel "Lines Westinghouse
Youngstown Sheet & Tube 105. Gen. Pub. Utilities
U.S. Treasury bonds eligible for commercial bank purchase dipped slightly, while restricted" issues held steady. Corporate bonds moved narrowly.
Lower in the curb were Alcoa, Cities Service, Electric Bonds and) Share und Kaiser Frazer.-Asso ciated Press.
Money Market
Both US dollars and industrial gold dropped several points over the week-end and holiday."
US dollars opened at HK$0.-
311⁄2 against $0.30 on Saturday. The closing Tate
ate was $0.314 Highest and lowest rates were
and $0.80%
opened at
ways at the New York Shipholld-) companies to reopen wage proat $0.374; 92' 0.87 and
ed. Press.
ing Corporation yards. Associat- visions of contracts. Some nego-
tlation sessions are under way,
Communications CIO
• $15,4*1,COD at: #15.
..
The
"BENCRUACHAN"
Accepts Cargo for Genoa, tAccepts Cargo for Havr Via Singaporo, Colombo, Port Budan, Aden, à Sutz:--
M.S. "KAMBODIA'
LOADING 13th/14th OCTOBER
for
ADEN; PORT SAID, GENOA, ANTWERP, ROTTERDA HAMBURG, OSLO, GOTHENBURG & COPENHAGE
THE EAST ASIATIC CO., LTD.
Queen's Bldg., Zad Deer.
Tel. 34111 -
Pl plan on Spanish iss
the "Interval: to $0.30% drop in
Manila, Detcher 10.,. He said Mr. Romulo had in Industrial gold opened at HKS- Workers are taking preliminary 287 a toel, same as on Saturday President Quirino has dis-ed him that a resolution's effect had been presented steps toward what they hope will but in the afternoon it dropped to closed that, on file fratfuctions. letnorant of the su
$201, closing be voluntary pay increases
slightly better at the Foreign Secretary, Mr. deleston. The resolution $282.30. ALO
Carlos Romulo, now attending accord with the present moy 200,000, telephone workers. the Rallfonds and the Firemen's pounds went up starting spered the United Nations sessions, has in Latin American nationa
Both Sterling and Australian und Engineers' Unloria are having
pretented resolution to the tag full diplomatic drop UN General Asrorably pro- for Spain. By posing resumption of diplomatic veterated: relations between Spalti and
At 212.80, 500 312.95, 1.000 at
Uhine Light, (Now)*2.001 at 19, 1.900 *IIK "Ricetrie" *1,001 | se: 12794, 2,000, at
T% 300 37,100 at 177 exploratory táljes believed to be at HK$15.70 and closed at $10.58 Gemonta 313%, 100 at $14800 the first sim of now, Wake boost Australian pounds wont up from
$12,00 to $1205, of 1,200,000 Plastres were marked up to demands on behalter rail workersnos
HK$134, 100 "ndmtinai youterday Coming on the heels of recent afternoon in the morning: the agrtérbenta in the, automobile inerator Was $12.00, dustry where unions bla bigTicals mayül y
„Rond 1,500 at;BIN, 37
Dairy Farm (012) -6,000 as $1384, 803
Watson 100-PAIM1500, #1, 825.36.2. -Lang, Crawlensky 209: ht
other moneys of the United
made" this an= :sons attended
DAVO KARNET