"THE CHINA MAIL, FRIDAY, -OCTOBER 13, 1950,
R.I.L.
ROYAL
INTEROCEAN LINES
● SINGAPORE, JAVA
PORTS and
MACASSAR
"TJIDODAS"
"TASMAN"
"TJITJALENGKA”
MANILA, EAST & 'SOUTH AFRICA & SOUTH AMERICA
TJIBADAK" *
"TJISADANE"
"TEGELBERG”
ARRIVALS SAILINGS
17th Oct.
25th Oct.
13th Oct. 20th Oct.
ARRIVALS
22nd Oct. 30th Oct.
SAILINGS
20th Oct.
18th Nov.
"noi calling Manila and South America, calling
Koh-i-chang
JAPAN
"TJISADAK"
"TJIBODAS"
"TJIBADANE"
"TEGELDERG"
ARRIVALS SAILINGS
13th Oct.
19th Oct.
10th Nov.
24th Oct.
16th Nov.
1st Nov.
Agents: HOLLAND--EAST ASIA LINE
EUROPE via MANILA
and MALAYA
"RYNKERK"
"LANGLEEBCOT"
"MARIEKERK"
Through BI/L Issued
Maditerranean and Northern
European ports.
D JAPAN
"RYNKERK"
"LANGLEESCOT"
"MARIEKERK"
ARRIVALS
SAILINGS
19th Oct.
19th Nov.
9th Nov.
9th Doc. early Jan.
early Dec.
7th Nov.
22nd Oct.
7th Dec. carly Jan.
22nd Nov
early Dec.
DE KING'S BUILDING, TELEPHONES) – 2001SKATO #2861-20 2
serp.
ISTHMIAN LINE
(Isthmian Steamship Company, New York)
DIRECT MONTHLY SAILINGS TO NEW YORK
VIA LOS ANGELES AND PANAMA
*STEEL SURVEYOR”
SAILINGS TO SAIGON, BANGKOK & DJAKARTA (BATAVIA)
"STEEL SEAFARER"
ARRIVALS FROM U.S.A.
"STEEL SEAFARER”
FINANCE AND
COMMERCE
MINERAL WEALTH IN KOREA IMMENSE, U.S. EXPERTS DECLARE
New York Stock Exchange
New York, October 11..
A general recovery in 2 stuck market today snappe.
a two-day losing streak and put prices ahead by a few cents to more than $1 a shorC.
The turn-around was brought about by the railroads, which
made
Five
Washington, October 11. Immense mineral wealth awaits exploitation in Korea-both North and South-ance the tide of battle there has subsided, according to geographical exports here.
Checking up Korea's development possibilities in the light of the swift-changing battle scene, the experts have found that the whole penin- sula has valuable deposits of some 200 minerals and ores.
About fivo-sixths of the minoral production is in North Korea, which has most of the undor- ground wealth, but several of the most im portant matals are found in quantity only in the South.
churia.
Prominent
Hong Kong Stock Exchange
The markot was quiet and featureless yesterday and trading undertone why small, but the remained steady and the closing rates were inclined to be a shade higher than earlier. There were good inquiries for rubbers at all vancing rates in sympathy with the rise of the commodity in Singapore and New York.
HK Govt Loans
4. DMT.
1 Lom 1994 & 1018)-934. Loan (1948) 0555.
314
Danks
BK & Shanghal Bank 1,400)«,
Lon; ex £halim, Chartered Bank 29 10/16, Btereaute lank A. & D. 223. Bank of East Ann' 107.
Insurancea
20
Canton Ins, 2001.
Unton Ins. 6700.
pects, Results of the experts in major all-weather
announced secondary ones, and an additional substantial progress, and vestigations were virtually evory section of the here in a National Geographic 130 off-shore anchorages.
Around
11,000- the nation's market responded. Buyers were Society news bulletin. They mile constline, where warm an? bilding right up to the close, and put the peninsula's strategic cold currents meet, are found 75 there were only scattered set- mineral reserves us largest kinds of edible fish. The sen bucks here and there.
the Far East outside Man-outlets, therefore, are important the most active issues were rail-
to commercial fisheries, an in- rouds,
among South dustry in which Koren ranked Among the gainers were Chi-
Pat Korea's minerals are cobalt and third among the nations of the cago Milwaukee, Baltimore and Ohlo, Sunray Oil, manganese, tungsten, and molyb-world In 1839.
In- steel hardening
Korca's best farming lands and Maracaibo Oil, and Pressed Steel denum, a
most of the rice-growing areps gredient, Car.
Six-hundred and forty-six But in general, Korean resources ate in the South. A decade ago, their Korea was the world's fourth more important for stocks advanced and 245 declined. are There were 72 new highs and variety than quantity. Coal, iron, largest rice producer-Itcuter." only
Transfers gold, nickel, zine, magnęsite, gra-
phile, lead, titanium, and phos Dow Jones averages: Stocks phate are only a few in a lang 02.05; 20 Industrials 218.97;
15 list
one new
low.
were 2,190,000 shares.
Saint
Rails 69.04: 10 Uulities 40.30.
Closing quotations:
Adams Express Akka Juneau American Can
Smelling Telephone Tebucco Waterworks
Anaconda Copper Aviation Corp.
Before the last war Korea pro- duced about one-thirl of the 23; world's graphile, important in electrical industry. The 2 the 1024 deposits of barito, with man
639% Industrial applications, are among 150 the best in the world.
354
8
27th Oct.
Baldwin Locomotive Bendix Avintion Bethlehem Steel
137% 48
431
Boelig Aircraft
36
Borden Co.
50A%
Canadian Pacific
1016
25th Oct.
Case, J. 1.
5214
Chrysler
82
Colgate
441%
Commercial Solvent
19
Corn Products
24th Oct.
Du Pont
82
Eastman Kodak
46
General Electric
4834
52
112
Sails N. Y. Sails S.F. Dus H.K
Sailed salled
GILMAN & CO., LTD.
Tel: 31140
Chinese Freight Agents:— BIN FAT & CO., LTD. Tels: 28823, 25553 & 23483,
SWEDISH EAST ASIA Co. LTD.
ARRIVALS FROM EUROPE
Goodrich
Goodyear,
Motors
Homestake Mining
International Harvester
Johns Manville Kennecott Copper Montgomery Ward. National Distillers
"
Loud
New York Central
Packard Molors
Pan American Airways
China Underwriters 3.000.
Ke Inn, 140.
⚫ Shipping
Douglas-145x3
JIK & Macao Steamboats 1in. Into China (Prof.) Izn. (Dvf.)
Bhell (Beurer) G2/4.
Union Waterbonis 185. Axis Nav. 87.
Docks, Wharves, Godowns, Etc.
K&Klement Whatvei $424.
North Point Wharves 6. Men, S.Comm
4.
Shanghai Hongkew Wharva
HH Docks 10.
China Provident 126. Shabani Dockyarda in. Wheelneks 256, 2014.
Mining
Hauks Mines
IK Mines 2016.
Opinion on in salon revaluation
rumours
London, October 11.
The value of gold production
High British quarters are has been a high as $50,000,000 certain that a fall in the valu Coal reserves are wel of the dollar instead of a ris a year. over 1,500,000,000 tone, Iron ore has been estimated at mort than 1,000,000,000 tone, though High icon only part of It has a content.
The possibilities of this "poo little rich land" are often over- looked becuure of its strite-rid- den history. But before the out. the present fighting 6716 break of
Korea's industry was believed i 8275
be larger than that of either Mexico or Turkey.
The peninsula's hydro-electric potential has been estimated survey ut 5,000,000 kilowatts, 60% 30% which would exceed the 193
electrical output of either Italy 32
or France.
have to b
in sterling will used to correct the disparit; between the two currencies."
These high quarters are con- vinced that sterling is too cheap and dollar too dear. They be lieve that last year's pressure for a fall in sterling and other cur- rencies against the dollar ins
latter, boomeranged on the
Some of the rumours about rise in sterling have been linked with the present visit to Washing- ton of Mr. Hugh Gaitskell, Bri- al's Acting Chancellor of the Exchequer.
But Just before he left Britain Mr. Gaitskell said that though Britain's gold and dollar reserves Ports, as well as mineral riches, had doubled in the past year, she
make Koretti desirable
10 needed reserves up to five times The peninsula has
as large again.
The Governor of the Bank of England, Mr. Cameron Cobbold, 85% akreed with him.
35%
The amassing of such reserves 354 would take years. eyen if thei 46 present In-pouring of dollars con- 50% tinued
Paper... Tel & Tel
45% 1419 433, also
BB
prize.
05
2512
51%
Oil of N. J.
17% Studebaker
4
Union Bag
94
Carbide
Pennsylvania RR
Indio Corp.
10% +
Stoct
40
Remington Rand
149
31
Lines
16%
Republie Steel
41
Westinghouse
33%
Reynolds Tobacco
80
.13th Nov.
Schenley
32
British Government quarters bellave that reserves of $7,000 million to $10,000 million-com- pared with the present $2.758 million are needed before "Br-
Sears Roebuck
523%
SAILINGS TO EUROPE
Shell Oil
m.v. "TONGHAI" m.v. "BALI”
31st Oct. .29th Nov.
m.v. "BALI”
FOR
ADEN, PORT SAID, GENOA, MARSEILLES, CASABLANCA,
ANTWERP, BOTTERDAM, BREMEN, HAMBURG,
COPENHAGEN, OSLO & GOTHENBURG
Deoplanks avallablo for Isulkefl
GILMAN & CO.
Tel. 31146
BRITISH
LTD.
INDIA
STEAM NAVIGATION CO., LTD.
S.S. "ISMAILA
LOADING ́ ́23rd OCTOBER
FOR
STRAITS
PONDICHERRY
BOMBAY
MADRAS
COLOMBO
· KARACHI..
PERSIAN GULF PORTS
For rates and full-particulars
PERLY to
MACKINNON MACKENZIE & CO.
P1410. Bu!
Socony Vacuum Southern Racille Standard Brands
20% US Rubber
63
Youngstown Shoot & Tube .101
Gen. Pub. Utilities. 17%
Bonds were mixed. Among tain can thoke any move towards Curb gainers were Raytheon convertibility of sterling or the 23% Aluminum of America, Cities relaxation of discriminations 00% Service, Creole Petroleum, and against dollar goods--Reuter. 22% Electric Bond and Share-Asso
Oil of Calir.
75% ciated Press.
FLY TO LYDDA
→TEL AUTO!
ROME EUROPE
BY
DC-G
PHILIPPINE AIRLINES
More Danish
bacon, eggs to Britain
London, October 11. Denmark stepped up her ex- purts of bucon, poultry and dairy produce to Great Britpin in the first eight manths' d 1950 as compared with 140.
Board of Trade figures show that up to August 31. Britis Himports of Danish bacon ward
worth
423,018,288, against £0.016.738 in the first eight
monthe of 1049.jp ports clinibed. 1949 (01720)
hun dredweight in 1949 to hundredweight In 1050.
with bacon
con of her mainotus, became the second valler af meelset all kinds to. Britain, with shipment: worth £27,358,181 this
year against £11,061,708
First eight-nioniharth in the:
Britain's total. mest importa were worth £142,438,950 so far 1050, with Argentina heading the suppllers' list: wlib: 233,472,-
86 worth-Associated Press.
Money Market
US dollars opened yesterday at HK$0.34% = and dropped to
"at" the close.
after
at
opened, ut HK$0.38% and going up to $0.
$0.40%
closed
opened atacland closed at
HIC guest, and lowRSI
$280
were $480.60 and $284.50,
Starting went up le and Australian pounds to ||105818 #:100%
RUNET Quilders opt
8.20m 109 and
1
'Lande, Hotels and Buildings 1K Bhang Holeis #435, 1.604,
8.40/1.
HK Lands 44.
Shanghai Lanila 176h.
Flamphreys in.
HK Real 2.1
Chinese Estates 150a.
Public Utilities
IIK Tramways 16.89b, 14.20, 1in.
Peak Trams (Old) 19.
+(New) B
Star Ferries 7b, 781gan,
C. Lighla (O) 13.306, 192, 13.40un.
(New) Db, Þ3⁄4in, Dum HX Electric 27, 28, 27 lýsa, Macho Eletries 11.
(New) 10% n.
(Bonus Mh. 1014. Sandakan Lights sin. Telephones (Oh) 11b, 12, 114.
(New) 104n. Shanghai Gas 11⁄2h.
Industrial
Cali, Muen. (OM-) 228. Canton term 3.
Cements 13.40b, 14, 18.
H Rouen 1th, 1315.
8tores, Etc,
Dairy Farms (010) [8245, 1, 13% sa.
(New) 1180
Walions 264.
Crawford 246, 24pm.
Sincerea ne
11.9Dau.
China Emporium 85. Han Co., Ltd; 1.300. Kwong Bang Hung' Bib. Wink On (RK). 445. ·· Wm. Powell, ·Lad. · 8p.
Miscellaneous
Chiun Entertalaments - 13!55, 1K Construction (Did).
(New) 1.3Gh
Vibro Pilings 1, 11. Maraman Investments 9/-n. Marmari (K) :78a. Bhishalan 7th. Shanghai Explor, .20. Yanglazes n.
Cottons
Ewe 34, 3.30am.
Hubber, eta, Companies Alma" Extatesi lini Anglo-Datch 30b
Anglo-Java 20h.
Hatu Anams 17946, 2000.
Bute Plantatione Güb, sa, Chemor United alb, 40kn. Cheng Rubber
22n. Uansalidated Rabbers 1, Dorainlon Rabbers 69b. Java-Consolidateds .05. Kola Habroe .05b. Kroewock Javan 35b. Langkale 30. Padang Rubbera 15h. Repah Bubbers' „1749. Rubber, Truite 2.305. Bamaraga Rubbers",70s. Bemambú Rubbėra“ „15b. Shanghai. Kreaks' (b. Shanghai-Matars 10h. Shanghai Pahang 05b. Shanghai Sumatra 1.10. Bas Manggis 10. Bungel Durla 246. Tunah Meraha 205, 7000 Tebone Rubbers 200, 402, Zinnube Robbers 85b.
BUSINESS. DONE Direct business)
JI Bank : "$1,468.
Wheelock 100 at $284, 500 mt.$2516. North Tulit When 5,000 at 15.03,
*1,000 at $5,30,200 at 15:00.
HK & Shanghalalel 2,000 at $0.00,
800 at 8.40, 3,500 me.' #01S. HK Tram 3,200 $14,200 at $14, 200
at 10, 590 at $14, - -Chiqa”Light” (Old) 500 at $15,40, $2,500 qt418,401,000 818.40, 228 / NĚ $13.80 950 a $18.00, kop at $15.40. China Light (Now) 41,000 'ht3 291⁄2, 165 at:2013;375 °K9%47 499 at $9,500
K Eletric 34 át. #27.120 mb #2%§. 1+ 3,500 (að. #2756, -205-42.9x745) · B9 - m1- Telephone (914) "000 at 61134. 1,000 Cement 400 al 31915, *1,000 1 $18%. 200 t $13.00 ptg 500 k
Dairy Farm (0) 1,200 at 11534, 1.200
Lane, Crawford! W100 ml $34NW! 'Dalty: Fari"(New) '2,000 #1011,90. Tanah Merah, xịtop. »? 28:"cental) Btar Ferrin 100`a2·87815 “Batu" Adappa '2,900° „ek:29. Jčes jm. "Bute Plant: 500°at "tojongleyfi, Chemur United 3,000 at 40 cents.
South
The Global Fleei
S.S. PRESIDENT CLEVELAND
will sail for
HONOLULU and SAN FRANCISCO-
via Kobe and Yokohama
on Sunday, Octobor 15th,
•
at MIDNIGHT.
Passengers are requested to board the vessel on October 15, between 8.00 P.M. and 10.00 PM.
Sunday,
Baggage-room and Hold baggage will be roćeived in Godown No. 50 of the Hongkong & Kowloon Wharf. & Godown Co., Ltd., entrance through Gate No. 2, Canton Road Kowloon, on Friday, October 13, from 8.00 A.M. to noon an
from 2.00 P.M. to 5.00 P.M.
St. George's Bldg,
I
Tel. 28172/5
BENDLINE
SHIP "BENVORLICH" "BENMACDHUP"
"BENALDER" "BENAVON" "BENVENUE"
"BENLAWERS” "BENMHOR” "BENATTOW" "BENLOYAL" "BENCRUACHAN”
"BENVORLICH" "DENALDER"!
"BENVENUE" +"BENWYVIS"
*“BENMHOR"
"BENATTOW" "BENLOMOND"
"BENMACDHUI” "BENAVON" "BENLAWERS": "BENCRUACHAN"
JAUM 101
BUY BUL
ARRIVALS
DUE .FROM U.K. via Bingapore on or abt. 22nd Oc
14th No
det Da
H
**2nd Nov
Π
14th De
17th Ja
23rd Ja
2014 J
SAILINGS
Loading on or'att
, 25th Oc
17th Ho
17th D
Lood.on, Antwerp, Rotterdam, Hamburg
27th D
14th J
21st - Ja
26th Ja
A
Liverpool, Qubili, Rotterdam.
Girogow, Antwerp
8th No
6th De
6th Jan
3rd Fab
*Accepts Cargo for Genoa, --fAccepts -Cargo-for-HaurO..
Via Singaporp, Colombo, «Port Sudan, Aden, A Beez
For Further Particulars, Apply To-
W. R. LOXLEY & CO. (CHINA) LTD.
York Building.
Agents
Telophone: 8418K.
THE EAST ASIATIC CO., LTD.
M.S. “KAMBODIA”.
NOW LOADING
ADEN, PORT SAID, GENOA, ANTWERP, ROTTERDAM,
HAMBURG, OSLO,
COPENHAGEN
THE EAST ASIATIC CO., Queen's Bldg
Tel. 24111
“WEEKLY CHINA MAIL
CONTAINING ALL THE LOCAL NEWS OF THE WEEK FROM THE HINA MAIL" & "SUNDAY HERALD
Price 50 Cents
E EVERY THUR
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