R.I.L
ROYAL
INTEROCEAN LINES
SINGAPORE, JAVA
'PORTS and
MACASSAR
"TJIBODAQ”
"TJITJALENGKA"
"VAN HEUTSZ"
"TASMAN"'*
ARRIVALS „SAILINGS
17th Oct.
26th Oct.
1st Nov.
8th Nov.
only to Singapore, Penang and B. Dell.
@MANILA, EAST &
SOUTH AFRICA &
SOUTH AMERICA
"TJIBADAK" *
TJISADANE"
"TEGELBERG"
ARRIVALS
22nd Oct
2nd Nov.
1
28th Oct.
10th Nov.
1st Deo.
SAILINGS
20th Oct.
23rd Nov.
́ not calling Manila and South Amerlon, calling
Kon-si-chang
JAPAN
"TJIBADAK”
"TJIBODAE”
"TJIBADANE"
TEGELBERG"
ARRIVALS SAILINGS
10th Oct.
19th Oct.
10th Nov.
1st Nov.
20th Nov,
7th Nov.
Agents: HOLLAND-EAST ASIA LINE
EUROPE via MANILA
and MALAYA
"AYNKERK"
ARRIVALS
19th Oct.
19th Nov.
early Dec.
to
Moditerranean.and Northern
"LANGLEESCOT"
"MARIEKERK"
Through B/L fetuad
European porta,
JAPAN
"RYNKERK"
"LANGLEEBCOT"
*MARIEKEAK”
7th Nov.
7th Dec. carly Jan.
SAILINGS
9th Nov.
9th Dec. early Jan.
22nd Oct.
22nd Nov
carty Dec.
ŞKINGS, BUILDING, TELERITONES-2010 13 –TO#2801752 3
RITA THID
un
ISTHMIAN LINE
(Isthmian Steamship Company, New York)
DIRECT MONTHLY SAILINGS TO NEW YORK
VIA LOS ANGELES AND PANAMA
"STEEL DIRECTOR"
29th Nov.
SAILINGS TO SAIGON, BANGKOK &
DJAKARTA (BATAVIA)
"STEEL SEAFARER"
ARRIVALS FROM U.S.A.
"STEEL SEAFARER”
.25th Oct.
Salls N. Y. Sails S.F. Duo H.K. Salled sailed 24th Oct.
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 EUROPE
ru.v.
"TONGHAI"
m.v." "BALI".
.31st Oct. 29th Nov.
FOR
ADEN, PORT SAID, GENOA, MARSEILLES, CASABLANCA,
ANTWERP, ROTTERDAM, BREMEN, HAMBURG, COPENHAGEN, OSLO, & GOTHENBURG
Deeptanks available for Buikeli
GILMAN & CO., LTD.
BRITISH
Tel. 31140,
INDIA
STEAM NAVIGATION CO., LTD.
S.S. "ISMAILA"
LOADING 23rd OCTOBER
FOR
STRAITS
MADRAS
PONDICHERRY
BOMBAY
COLOMBO KARACHI
and.
THE CHINA MAIL, SATURDAY, OCTOBER 14, 1950.
FINANCE AND
COMMERCE
U.S. IMPORTS REACH H.K. STOCK
NEW HIGH AS EXPORTS DECLINE
U.S. markets closed
New York, October 12. Major, security and com. modity markets in the Unit'. ed States were closed today In observance. of Columbus Day. British and Canadian markets functioned
and some Ilvestock centres were open.Associated Press.
Washington, October, 12.
United States imports hit a now high at $819,400,- 000 in August, and topped. U.S. exports for the first time since Juno, 1937, the Consus. Bureau, raported today,
American exports totalled $760,700,000, in August, 25 per cent below the monthly average of last year.
That meant foreign countries, aided by a speed-up in U.S. buying As usual
since the overseas Korean war began, "were sell- ing the U.S. more goods than they were getting from this country and making money on the deal."
Wool Study Group ends meeting
London, October 12. The International Wool Study Group has officially announced it has approved a plan to pro- Vent price fluctuations future.
it
In a Press communique issued at the end of its eight-day meet- ing, the 24-nation group said the reserve price scheme promoted by New Zealand, Australia and South Afrien is designed to re- duce price fluctuations at a time when there is a major decline in wool prices.
The cash "net" of foreign coun- trics was greater than the total Agure indicated.
Reserve price scheme for
wool wanted
London, October 11. The International Wool Study "The U.S. pays for all goods Group recommended here to- brings in from abroad, but much night that it would be advant of what it exports is furnished ageous to have a reserve price other countries without charge scheme for wool as suggested because the U.S. Government pays the bill through various aid by Australia, New Zealand and
South Africa. funds.
Military goods
But in a communique issued after the London taiks, which The Bureau disclosed, that encted yesterday, it said that asi $51,400,000 of the export total | there was no prospect of
any was accounted for, by shipment} major decline in wool prices in} of military goods under the the near future, much a rehome; comparatively new mutual de: was uniikely to have any ma-i
programme terial effect.
fence assistance
with the U.8, footing the bill. "Some of the post-war demand The Marshall plan for Euro-has been in the replenishment of peat recovery and other aid pro- consumers' wardrobes and the
con- Group considered that there s grammes accounted for a siderably greater sum of goods evidence that this stocklu up furnished without charge, but the process is ending," the communi- Bureau was unable to give u dol- que said. But it admitted there is no pro-lar figure on them, spect of a major decline in wool! imports from abroad in August prices in the short term and jumped $110,000,000 above July therefore the plan would he un- to
the
record. establish likely to have a material effect on August receipts ran almost 50 market prices in the near future. per cent above the monthly over- cent The Group considered however, age last year and 29 per it would be advantageous to have above the average for the first a mechanism adapted from the six months of this year. present Joint Commonwealth or- ganisation in existence to modify sharp downward movements in prices.
The joint organisation, due to expire in June, pooled funds from Australia, New Zealand South Africa and the United Kingdom to buy wool stocks dur- the last war, whenever there
in
new
Exports, meanwhile, dropped below July. Con- $13,600,000 tinuing a downtrend in progress several months, they stood seven per cent below the monthly aver«| age for the first half of 1950 and 25 per cent under the year ago level-Associated Press.
IRO TO AID EAST
was a slipping price trenta-EUROPE REFUGEES
The group published
tistics showingurel, wool, clean that 2,218,000,000 pounds of
basis, will
be
1949-50ble in the!
Geneva, October 11. The General Council of the International Refugee Organisd. tion today voted unanimously to help refugees, from the Com- munist countries of Eastern Europe,
all of it will be consumed during
1950. But the Group considered that higher prices will provoke "con- sumer resistance and substitution for woul" which will reduce con- sumption. The
conclusion of the Group was,"
the communique said, "that the general effect of all these in- fluences--and of other factors would be to reduce consumption! These are estimated to number of virgin wool sufficiently some 55,000. They come for the bridge the apparent gap between most part from Czechoslovakla, current consumption and available Rumania, Hungary, Bulgarla' and supplies." -- Associated Press. Albania.-Reuter.
to
The refugees to receive ald are those arriving in Western Europe and the Middle East between the dates of October 15, 1940, and Otlober 1, 1950.
AUSTRALIANS TO GET PAY BOOST
Sydney, October 12,
A total of 2,620,000 Australians
just about
every wage carner in the country. will get a pay boost by a court decision. Men will get one pound more a week and women
from 15 to 45 shillings extra.
The conclusion reached was that these factors would reduce consumption of virgin wooi suf- ficiently to bridge the apparent gap between supply and demand. In a statistical analyals of world wool supplies, the Group report- ed that Australian wool produc- tion this year should be slightly higher than the previous record or 1943-1944.
CB-
According to provisional timales, the New Zealand, South African and South American clips are expected to show little change this season.
The Group estimated that the production of all wool during 1950-51 would be about five peri cent higher than the immediate pre-war average..
The Group attached great im- pariance to the compilation and publication of statistics relating! to wool, and steps will be taken to encourage this work "In order
may that it be possible to obtain a true appreciation of the world wool situation,"
The Group will meet again in London as early as possible In the season beginning July 1, 1851. Meanwhile, a Management Com- mittee will meet in London at Intervals-of-not-more-than-thre months to review the world wool) situation and keep in touch with member Governments.-Reuter. JAP EXPORTS TO STERLING AREA
Tokyo, October 12. Japan's exports to the Ster- ling Area dropped by US$8,772,- 000 from August to September, it was disclosed today,
Figures releaseed by
the
Japanese Ministry of Interna- tional
Trade and Industry showed that the Sterling Arca
EXCHANGE
Aftor a quiet werk with price changes mostly showing fraction- nt losses the general market. closed ansler, but Rubbers enn- tinue strong with only sentiered offerings The undertone 1s uncertain.
HK Govt, Loana
* Loan 08.
(< 294) Gown (1034 & 1010) HO»8.
#121) Loan (1988) dáján,
Banka
KK & Shanghat Hank 1.3805
(Lost)
Chartered lusik 2018/18, Mercantile Vonk A, # 1, £zie. Jajik af East Asin 1978.
Insurances
Canton Ing, thick.
Union fra, GROT,
China Underwriters #.00. HK Mhe bus, 1495.
Shipping
Dastlanen 250.
HK & Macro Stentiboat 10. Indo Ghluss (Vært) 12n.
H (bet ath. Blights (Benter) CE/ASIA Unton, Waterboats 15.
Asla Nav. 6919), 17210mm. Docks, Wharves, Godowns, Etc.
RK & Kowloon Wharves $56, 24
Ran.
North Paint Wharven 5.300, 515am Shaathal Tengkew Wharves HK Dock 16.
China Providenta 126.' Shanghai,, Dockyards #lib. Wheelocki 26b. 255. Mining
Raub Miner 1.300. HK Mince 01.
The Global Fiers
S.S. PRESIDENT CLEVELAND
Will, sail for.
HONOLULU, and SAN FRANCISCO
via Kobe and Yokohama
on Sunday, October 15th, at, MIDNIGHT.
Passengers are requested to board the vessel on Sonday October, 15. helyren 8.80 P.M. and. 10.00. E.M.
Cabin baggage will be received In Gotown No. 50- the Hongkong & Kowloon Wharf & Godown Co., Ltd., trance through Gate No. 2, Canton Road, on Sunday, Octe 15, between 8.00 P.M. and 10.00-PM, ¦
12.
St. George's Bldg.
Lands, Hotels and Buildings
ILK ་༢་ 'Shanghai
8.07.2018.
itotrib, .120,
BIK Landy 463. "Shanghul Loads 100%.
Bumphrey Van.
HK Realties 2.15. Chinese Kitales 110n.
Public Utilities HK Tronownys 13.50), Man. Peak Trams (018) 39n.
(New) *,
Star Ferries 783in.
+1
4. Lights (18) 136, 13.30«, 13,1018. (New) 9h, 14*, 0.30)28. HK Steelcies 17%*, 2715nm, Mineno Elétries 11lán.
(New) 10.
(D) 2014. Saudinkan Lights 8%. Telephones (Old) 12, 116an.
(New) 10.
Shanchal Gas 1.
industrials
Cold, Mark, (Ord) 125#. Carton fees 20 Cements 191⁄2b, 14a.
IK Ropes 12b, 1516m, 18táva.
Stores, Etc,
Dairy Farma (ON) ÌTÝ), 14, 13/183⁄4x% (New) 11.20, 12an.
*
Watons 264, 253.
I, Crawfords 256, 204, 25on. Kluceres
China Emporium in. For Co., Ltd, 1.70. lwonh Banh Trong Blu Wins Ou (HK) 48n. Win, Powell, Li, B.
Miscellaneous China Entertainments 18158, 1 Constructions tably 240.
New) 1.30.
*
Vibro Tullnus 1.
Muramat Jexistents Dn. Marsman (HK) Ebanghel on 700. Shanghal Explor. .gob. Yundthera 23an.
Ewo 31.
Cottons
Rubber, etc. Companies Alma Estates 141. Anglo-Dutch 35. Anglo-Invas.....206. Batu Anand 2012 But Plantstions 0. Chemor United 106. Cheniz sabers 128, Consuliinted Rulbera 14b. Domlutón Jubborn Ash. Java-Conanteda „Bân. Kata Babróc, Kroewoėk Javna .17tġb. Kanukula 30. Padang Rubbers .155. Repul Rubbers [7ign. Rubber Trusts 2.40b. Kamogga. Rubbers 45.
Semamu Kubbers 36b. Shanghal Kejaha lib. Shanghai-Malaya 10n.
Shanghai Pahang .45b. Shanghat Sumatra 1.20b.
bought from Japan during Sep-Bas Manggis 105. tember $10,230,000 worth of goods,
ling Area in August were $23,- Japanese oxports to the Stor-
010,000.
On the other hand, Japan's ex- ports to dollar and open account areas during, September remained practically the same as in August.
Reuter,
The pay increases will come wonen. It ruled the baste wage possibly early next year --- for women would be 75 per cent by a decision of the Common- that paid mon. Previously jít wealth arbitration court hand- varied according to the job, from ed down today in Melbourne.
34 to 75 per cent of the male rate. The new basie wage for Sydney Australia is a plouec in the will be eight pounds, two shillings. system of determining woges by for men and
Bix pounds
: onc court decision after hearing the shilling for. case of both employers and em- other areas differ Sales in
slightly. ployees.
The court made la finding in The basic wage determined by
to claim by the Aus- By response the court is the least that may tralian Council of Trude Unions be paid to adult unskilled workers. (ACTU) for, a basic wage of 10 Marging over the basic, wage are pounds for both men and women. given for varying degrees of skill. Į The court Axed no date for the The margins also have been do start of the pay boost because termined by arbitration
court unions represented by the here for years,
ACTU now will have to make Today's declslon rejects an separate formal applications for application for equal pay for increases.--Associated Presa,
TRUMAN DECLINES PIT INVITATION
Manila, October 12. President Elpidio Quirino's Invita- President Truman has refused tien to visit the Philippines "dur- ing his trip to the Far East to meet General Douglas MacArthur. President Quirino's Press Sec- retary announced this tonight, He sald President Truman had "prior commitments the United Blater-Reuter.
Pacific Far East Live, Inc.
Fost. Regular Trans-Pacific Service
DIRECT
BAN, FRANCISCO, LOS ANGELES.
"FLEETWOOD".†
"CHINA DEAB” ·
"FLYING DRAGON!
PERSIAN GULF PORTS
rates and full
MACKINNON MACKENZIE & CO.
Tel:
“WILLIAM · LUCERNIA CITY.
"CONTEST":1
apply to
Building
"SURPRISE"
Bds Prancisco. | Cazgi
Ben Proactate.
Das #raacters
Ban
MONTREAL, AND
OVERLAND NEWTONE-CHICAGO-DETROFE/TORONTO, AMERICAN) M'HANADIAN: OITIERS
Bange! Duris 24k. Tanah Meraha 70b,
Teboak Rubbers 21h, an. Zlangbe Rubbera 351.
BUSINESS DONE
Direct business) Wheeleka 100 në 120%..
Whart Co. "230 at 183, 200 at $15. North Point Wharves 1,500 at $82. HK Shanghal Hotel 1,000 £ 18.30. *1,000 at 18.40, 100 ml. 48.20, 500 st 18.20,
1K Tram 1,000 nt 14.
China Light (011) 200 at 810.45, *200.
At $13.30.
China Light (New) 1,000.at 19.30, *200
nt $0.20,
HK Electric *500 at $271. 360
#274. 100 at. 987.
Telephone (014). 1,000, at $11. Rope 500 at sink.
at
Daley Farm (Oki)'*5#0, at $14, 100 at
#1334, 850. at 113%,
Watson*200 at $25%, 53Q.at #2}}. Govt, 1 Loan (1936 & 2040) $1,000
'at 95.
Underwriters 300 at $8,30,
Dairy Farm (New) 100 at 119.. Asia Nay, 1.000 nt 7215 cents:
Alma Eatsten *1,500, at $14” Bamagagas 1,000, at 65 sette. Tebowza 7,000 at 15 centa Lane, Crawford *200.at #26,
Tol. 28172
BENALINE
ARRIVALS
SHIP
FROM
DUE
U.K. via Singapore on or abt. 28th Og 2nd N 14th N
F
14th D
1st J
10th J
"BENVORLICH" "BENMACDHUI”
"BENALDER” "BENAVON” "BENVENUE”
"OENLAWERS” "DENMHOR"
"BENATTOW" "BENLOYAL”" "BENCRUACHAN”.
"BENVORLICH" "BENALDER" "BENVENUE” 1"BENWYVia"
"BENMHOR"
"BENATTOW" "BENLOMOND"
"BENMACDHUP? "BENAVON” "BENLAWERS"
"BENCRUACHAN"
17th J
*23rd J
29th J
SAILINGS
Loading on. OF AD
28th Oct
17th E
boncon, Antwerp,
Rotterdam; & Hambúrg
17th-N
27 D
14th J
21st J
2831
Liverpool, Glasgow, Dublin, Rotterdam.
5th
Antwerp
6th
3rd
*Accepta Cargo for: Genoa, fAccepts: Cargo for Havro.--- Via Singapore, Colombo, Port Buden, Aden, & Suoz.--
For.. Further, Particulars, Apply To...- W.. R. LOXLEY & CO. (CHINA). LTD Agonts Yark Bhulding.
Telephone: Jaits.
THE EAST ASIATIC CO., LTD
M.S. "KAMBODIA"
NOW LOADING
for
ADEN, PORT SAID, GENOA, ANTWERP, BÖTTERDAM
HAMBURG, OSLO, GOTHENBURG & COPENHAGET
THE EAST ASIATIC CO., LTD,
Queen's Bldg., Zack Beer.
:.
Money Market "WEEKLY CHINA MAIL
US dollara spened at HK$0.34, and closed at the same rate. Highest and lowest rates word
84% and $5.3914.
opened
at: HK$0.39, and closer at 80.88%)
Industrial
gold
..opened. at HK$240.50 a tact and closed at
13280. Fluctuations ranged from $250 to 1288.75.
Sterling
wont up to HC$10.10
after, opching at $10.10.
5. opened at closed, a
at. $12.00, continued, nominat at Ticam opened at HK37 a 100, and kolosed at 328,103
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