THE CHINA MAIL, FRIL
R. I. L
INTEROCEAN
ROYAL
SINGAPORE, JAVA
MACASSAR
"TJITJALENGKA”
"VAN HEUT8Z"
PORTS and
"TASMAN"*
LINES
ARRIVALS SAILINGS
'22nd Oct.
20th Oct.
1st -Nov.
10th Nov.
8th Nov.
*onty to Singapore, Penang and D, Dell,
1st Dec.
FINANCE AND
H.K. Stock Exchange
The market gathered further strength in a lively morning ses- sion yesterday, with gains up to $1 over the previous close. There were some profit takers in the afternoon. however, but price elianges were only Tractionally lower, The undertone was firm.
HK Govt, Loans
40 Lei 98n,
ay Jan (1034 & 1019) 8. 39, bean (1949) 95120,
MANILA, EAST &
SOUTH AFRICA &
H
SOUTH AMERICA
ARRIVALS
SAILINGS
"TJIBADAK""a
JISADANE"
"TEGELBERG"
23rd Oct. 30th Oct.
20th Oct. 21st Nov.
ARRIVALS SAILINGS
21st Nov.
25th Oct.
18th Nov.
4th Nov.
Canton I, 2601,
not catting Manila and South America,
O JAPAN
"TJISADANE"
"TEGELBERG"
Agents: HOLLAND-EAST ASIA LINE
'EUROPE via MANILA
and MALAYA
"AYNKERK"
"LANGLEEBCOT"
"MARIEKERK”
Through B/L (scued te
Mediterranean and Northern
European porta,
JAPAN
"RYNKERK"
"LANGLEESCOT'
*MARIEKERK"
Banks
NIK & Shanghind flank 1.44, 1,466es.
(Lam. Reg.) £80.
Chartered Beak X10 7/1n. Merrente Bank A, & B, £250. Dunk of Eure Arta 188,
Insurances
Union an. Sk@k, 200», '#hőek. China Haderwriters 3.900. HK Fire Ine, 143.
Shipping
Homem n.
HR & Mueau Steambonts 11n. Indo Chinas (Prof.) 12.
(cf. an.
ARRIVALS
SAILINGS
20th Oct.
9th Nov.
Shell lowrer) 05/-0.
19th Nov.
9th Doo.
mid Dec.
early Jan.
22nd Oct.
7th Nov.
7th Dec. carly Jan,
22nd Nov
Mid, Dec.
7 CSKING'S BUILDING, TELEPHONEST 2007ĒTO 2801752
THE CHINESE ADENI STREET CONNAUGHT ROADŽUBITUSSINGRIIS
FLIXE
THE
THE WORLA
ISTHMIAN LINE
· WOULD THE WORLD ·
(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"
"STEEL TRAVELER”
"STEEL ROVER"
"STEEL ADMIRAL”
ARRIVALS FROM U.S.A.
STEEL SEAFARER"
"STEEL TRAVELER" "STEEL ROVER" "STEEL ADMIRAL”
GILMAN
Salls N. Y. Sailed
Salled 27th Oct. 24th Nov.
CO.,
Tel: 31140
Balon Waterkonte 3b,
Axis Nav. 10.
COMMERCE
CANADA'S PLANS FOR JAPAN,
KOREA TRADE
Ottawa, Octobor 18.
Canada plans to play a large role in the rehabilita- tion of Korea and become a major source of; supply for Japan. C.R. Gallow, area officer for Asia in the Trade
Department, said Canada expected these developments despite the fact that its exports to Asia generally had fallen while imports from that part of the world had increased. Termination of exports to Communist China and India's dollar difficulties were
sponsible for the cut.
The Trade Department
10-
Britain not to free
viewed figures for Hong Kong, Sterling
China, Ceylon, India, Indonesia, Japan, Malaya, Pakistan and the
"CART Philippines in an article
Docks, Wharves, Godowns, Etc.
K&Kowloon Wharves Arb,
North
B
1114
Whary
.CO.
DA
A Hangkew Whar Gh. UK k 15.
Ching Providents 12,
Shanghai Dockyarda 21⁄4b
Wheelocks 25140.
Mining
Bur Me 4.500.
Mize 01.
Lands, Hotels and Bulidinga
1 & Shunahui ffolets 8,401, 8.40/Yze,
JK hands 43h. 40, 42
Sumbai Larte 1,40,
3lymalereya b.
RK Readem 2.200.
Chine Rutes 119.
Public Utilep
1K Tramway+ 13, '14/14 jan.
Trick Tram (Old) 226.
(New: jon,
Star Ferries 73400, 7345/7ARK,
Chien Lights (014) 13,306, 13,35/1
(New; 9.30, 8.46/5/Allen, HIK Eletrics 206.28300, 2715/2815/28*8 Marie Electries 11.
(Now 10.
bonu 8.) 10. Bandakan Lights 8.
(Now) 103,
Bhanghai Gas 13⁄41⁄2n.
Industrials
Cal, Macg, (Ord.) 2án. Unit 3 3.
Cement 13, 14, 1319/34/23%. EK Mopes 139
Stores, Etc.
by Mr. Gallow organ "Forelyn Trade.".
New York Stock Exchange
New York, October 18, The stock market today zinshed the peak of a 15-month advance ond hit the highest level in 20 years. Not since February 1981," according to the Associated Press 'the average of 49 slocks, has London, October 16.
general price level been so high. Britain has rejected sup- signed
shure Gains Pound
upproached $2 n the .gestions that in Its weekly
stacks although favoured for ito Sterling be freed from
Nearly 125 inbat were $1 or less. present restrictions and allow
issues hit new highs for the year "Canada
it to find Mr. Gallow said:
Ita awn levol
or longer. international 'markets. assume increasing expected to
Jay, Financial importance as a source of supply
Douglas materials re-
to the Secretary
Treasury, for essential raw quired by Japan and particularly
told the House of Commane in a written statement that for the rehabilitation of Korea.
Britain does not propose to other hand, the market On the for Canadian flour in Ceylon, is
follow the example of Gana. less
and the market for
dn.-United Press.
អ
non-tial consumer goods in
'Hong
is fading."
in
The Department said four ship- inetits accounted for most of the increase in the past Canda's exports to Ceylon, while exports of other products fell of.
year
Exports to China
WILS
Mr. Gallow said the high level
Ceylon of four exports to not likely to continue, and in- provements la exports of other products was not expected in the very near future,
FUND APPROVES
Transfers were 2,410,000 shares. Wall
reported Street quarters nothing outstanding in the news to account for the market's freshi factors Inflationary advance.. were generally credited with be- Ing the main motive power be- hind buying Among the gainers United were Douglas Aircraft,
Republic Lockheed, Aircraft,
Aircraft, Aviation,
Cituman
Oil,
Willy Overland. Sury
Airlines, American Broadcasting, Air Reduction, Cuorgia Pacifle, Plywood, Allied Gypsum and U.S. Chemical, Northern Pacific.
NEW AUSTRIAN American
EXCHANGES
Washington, Detober 18. The International Monetary Fund today announced its ap- proval of modifications in Aus tria's monetary exchange sys-
Exports to China fel largely because of cutbacks in the pur- tem.
and wheat chase of Canadian flour,
Canadian
India
لكلمة
coni-
15
Dow Jones overages: Stocks) 83.77; 20 Rails 70.76; 19 Utilities 40.72.
Industrials 230.30;
Closing quotations:
Adams Express American Can
Borden Co.
The modifications were: (1) Establishment or a single
to Department_sak rate of 21.86 · schillings the Trade there was evidence that the Com-; United States dollar for
China munist regime in
was mercial transactions through the] Teisphones (Old) 11, 114, 115, taking over increasing control of abolition of the basic rate of 14.40 Anaconda Copper
foreign trade
schillings per
US$1 and the pre- Mr. Gallow said: "Although
mium rate of 26 schillings to the Aviation Corp. there is evidence of interest in dollar for commercial transactions. Baldwin Locomotive
products, there is no
pre-j Bendix Aviation (2) Maintenance of the clear indication of Government
mium rate of 26 schlilings to the Bethlehem Steel policy concerning dollar Imports."
The drop in Canadian exports U.S. dollar for certain visibles Boeing Aircraft chiefly mainly tourist expenditures.
Canadian Pacific duc Wos
of Can (3) Abolition in principle in shipments. decline
private barter and compensation Case, J. I.
Chrysler of wheat and railway equip-
arrangements. inent. He said: "Die
some! The announcement snid that Colgate relaxation in Indian
Austria had consulted the Fund Commercial Solvent controls
and improvements in the dollar position of that coun- about the modifientions and that Corn Products
to consult Du Pont
Eastman Kodak try, Canadian exports should im- Austria will continue
with the Fund on its exchange prove during the second half of
a view to complete General Electric policy with 1930 in such Unes as drugs, me-
Goodrich dicines, machinery, non-ferrous unication of the effective rate.- metals, wood pulp, newsprint..
Goodyear... chemicals, milk powder and in-
Homesinkte Mining
10 24, 14, 14/143m, (New) 121gb, 15, 124/10 Waten 2544b, 2614*, 281/26an.
.31si Oel.
Dairy Farm
.19th Nov.
5th Dec.
1st Jan
Sails S.F. Due R K
Sailed 30th Oct. 28th Oct. 18th Noc. 13th Nov. 4th Dec. 9th Dec. 30th Dec.
LTD.
Chinese Freight Agents:- HIN FAT & CO., LTD. Tels: 28823, 25553_8_23483.
SWEDISH EAST ASIA CO.LTD.
ARRIVALS FROM EUROPE
1. Crawfords 255. Sheeres An
China Emporium Rn.
Sun Co. Lul, 1.70n. Kwonst Sarg Hong in, Wing OK) 43. Wai. Powell, Lui, Am.
Miscellaneous
China Envortainmenta KD. HK Costellons (Old) in.
(w) 2.800.
Vileo Pilluga lib.
Marinan Investments 2/-n. Mark) 0. Shivchod Lean 700. Shankhul Explor, 20. Yunglazen 3an.
Ewas $124,
Gottans
Rubber, etc, 'Companies Alma Estates 14355, 179. Anglo-Dutch 40.
Anglo-Javon, 256.
Batu Atanın
25.
But Plantations 96b, lan. Chemor United .556.
rem Nutborn 25. Consulkinted Rubbers 26.
Duminium Rubbers .905, 180. Java Consolidatede „Q5a. Koln Bahne ih, 14an. Kroework Javas 20, Laackia 3012
Padang Hubbers 201. Jepnh Rehbers Aüb. Rubber Trusts 2.701. Sumaanga Robbers 75b, .9, .2011. Heimbs Rubbers 458. Khanghai-kedahs fb, 6/04a.
m.v. "BALI" m.v. "CEYLON"
.13th Nov.
4th Dec.
BAILINGS TO EUROFI
m.v. "TONGHAI"
.31st Oct.
m.v. "BALI"
.29th Nov.
Si Manugis 100.
m.v. "CEYLON"
...end Dcc.
FOR
ADEN, PORT SAID, GENOA, MARSEILLES, CASABLANCA. ANTWERP, ROTTERDAM, BREMEN, HAMBURG,
·COPENHAGEN, OSLO & GOTHENBURG
Deoptanks wvallable for Ishikall
GILMAN & CO., LTD.
Tel. 31148
THE EAST ASIATIC CO., LTD.
M.S.
ANNAM"
LOADING 25th OCTOBER-
for
‘ADEN, PORT SAID, GENOA, ANTWERP, BOTTERDAM,
HAMBURG, OSLO, GOTHENBURO & COPENHAGEN
THE EAST ASIATIC CO., LTD.
Shaoghal-Malays 10. Stavbyinhong 4,75%. Shanghal Sumaires 1.106.
Kunzel Turia '30s.
Tanah Merahu Bab, len. Tekong Hukbers 24b.
·Zangbe Nubbers Aüb.
BUSINESS DONE
(Direct business)
JIK Bank 92, $145, 10 at $1,420,
10 t $1,466, "25 at 81,158,
Union Jus, * at $685.
Wharf Co, 20 at $87.
to
to
to
import
Reuter.
AMERICAN PRESIDENT LINES
The Glebal tee!
SL Gomera Bldg.
Tel. 28172/5.
TO HONOLULU & SAN FRANCISCO, KA
Pres. Wlison Pres. Cleveland Gin, Gordon
vid JAPAN
Arr
Oxila Nov. 3 Are Nov, 2
NOV. 27 Salle Arr.
Nov. 28 Novi
30 20 Sails., Nov.
TO SAN FRANCISCO'&'LOS ANGELES
via JAPAN.
Proa. Mokinley Proo. Taft
:5 Arc. Nov. Art.. 'Nov. 10
Balla Nov, Sallo Nov.
17
TO NEW YORK, BALTIMORE & BOSTON
vio PACIFIC COAST & PANAMA
Pree. Tyler Pres. Grant
Oct. 27 Arr
Nov. 15 'Arr.
Balls, Oct.
Nov. Salle
28 16
ROUND THE WORLD'
VIA MANILA, BINGAPORE, COLOMBO, COCHIN, BOMBAY, KARACHI, SUEZ, PORT BAID, ALEXANDRIA, NAPLES, MARSEILLES, GENOA, NEW YORK and BOSTON
'Pros. Polk Willamette Victory.
Arr.
Arr.
In 'Port Oct.
Bail Oct.
29
21 Sailo Oct. 30
BENDLINE
SHIP
"BENVORLICH
ARD
ARRIVALS
FROM
DUC
U.K. via Singapore on or abi. 24th. O
2nd No
14th
Tut
414th
sht
10th
17th
,23rd
29th
14
Smelting Telephone Tobacco Waterworks
23 .10316
:05 157
68
0%
"DENMACDHUI"
30%
"BENALDER"
73
"BENAVON"
137%
"BENVENUE"
48%
"BENLAWERS"
44
"BENMHOR"
37%
"BENATTOW”
60%
"BENLOYAL"
10%
"BENCRUACHAN”
9314
SAILINGS
79%
44%
Loading on or a
20
67%
"DENVORLICH"
28th Oc
1. 17th N
81%
"DENALDER"
45% "BENVENUE"
17th
27th
14th
21st
25th
Liverpool,
Glengow.
6th
Dublin, Antwerp
· 5th
'RotterdamTI,
5th
Bed
Malors
funt milk foods."-- United Press NEWSPRINT PRICE International Harvester
Money Market
US dollars recovered on the local money market yesterday.
Notes opened at HK86.17 and In a steady climb reached $8.24 at the close.
ATTACKED.
Jolins Manville New York, October 18,
Kennecott Copper The recent increase of $10 a ton in newsprint announced by two Montgomery Ward Canadian makers was denounced National Distillera- excessive New York Central today as precipitute, unwarranted and Il-timed by Williams, Cranston
General
Lend
Packard Motors ....
Manager of the American News. Pan American Airways
Association. Pennsylvania RR
Publishers
+404%
+"BENWYVIS"
*BENMHOR" ́521
"BENATTOW" "BENLOMOND"
116
"BENMACDHU!"
London; Antwerp, Rotterdam, & Hamburg
Accepts Cargo for Genoa, tAccepta Cargo for Havre,
Omita Antwerp.,--
For Further Particulars, Apply To-
W. R. LOXLEY & CO. (CHINA) LTI
Agents
*3044
021
32
4744
"BENAVON"
Tel & Tel
14
"DENLAWERS"
+44
"DENCRUACHAN"
-07%
60%
20%
51%
17%
Via Singapore, Colombo, Port Sudan, Aden, & Gusz
4%
9%
20%
1744
114
74%
York Building.
434
138
13
:5414
55 K
24
01
20
Oll of 'Calif.
75
8.8. JEAN LAFITTE"
Oll of N. J.
86%
34th
4714
Having arrived Hong Kong 35% consignees of cargo are hereby
51%
notified that all goods have
TI' opened ni HK$6.18 and
paper closed at $8.30%.
Industrial gold also recovered, The Association is being asked Radio Corp: touching HK$287.50 a tact at the by an overwhelmingly large num- Real Silk close, after opening at $282.50. ber of U.S. newspaper publishers Remington Rand These were the highest and whether the increases of $10 per Republic Steel lowest rates of the day.
Sterling opened at HK$16.83 and closed at $15.85.
Australian pounds were down a further five cents to HK$12.70. Plastres continued nominal at HK$13 n 100.
Picals at HK$27.10 a 100, and NEI Gullders at HK$3.80 a 400, were unchanged.
NEW ORLEANS
COTTON
New Orleans, October, 18. Cotton futures closed $1.20 to $4.70 a bale lower.
December March
38.62-66.
38.6870,
38.63—55,
38.18.
ton on newsprint by Powell River Reynolds Tobacco and Abitibi are to be made by other North American producers," he said.
Schenley Scars Roebuck Shell On "Our answer is that we believe Bocony Vacuum an increase of $10 is not justined Southern Pacife by any factors today that would Standard Brands go to support the increase to $111}| per ton base price.
"While contracts are made bef Studebaker tween mills and publishers, the Union Bag ANPA belleves a $10 increuse is precipitate, excessive, unwarrant US Rubber
and
ill-timod."-Assocluted.
cd
Press.
NY RUBBER
Carbide
"Steel
" Lines Westinghouse
Youngstown Sheet & Tube Gon: Pub. Utilities
70
Telephone: 94162
NOTICE TO CONSIGNEES NOTICE TO CONSIGNEL
CONSIGNEES PER
AUSTRALIA-WEST PACIF
LINE
1-
m.s. "CITOS"
been landed and placed ut
Are hereby notified their risk and expense into the the cargo is being discharg 23godowns of the Hongkong and into the Hongkong & Kowld 51 Kowloon Wharf and Godown Wharf & Godown Co's godo 1600., Ltd., where delivery midy where it will be at consigne Among be obtained as soon as the risk and subject to the Whar terms and condition of storag 'and where ⋅ delivery may obtained.
New York, October 18.
Rail bonds advanced. .Crudd Rubber No. One futures
Curb gainers were Fairchild goods are landed. closed 105 to 200 lower.
Humble Oll, "Kaiser- December
55.25 asked Camera,
Kirby Petroleum and, March..
48.3555. Frazer, 34.71.
43.50 asked Consolidated 'Mining-Assoclited May
Press. smoked, Spot No. One ribbed Spot cuttch $4:50 atbile lower.
nominal. Associated 38.85.
sheets: 00 Mlädling
Press, Acrociated Press.
Muy Gelober
North Point Wharvon 108 m2: 85%. 2005 | July
AU$5.49, 13,000 t 104.
IIK Dock: 1,000 mt $16, 3,000 at 1.
-400 - $10.
HK Land *233 mi 642.
Shanchal Bolet 1600 at. $849. 2,500 nt. $15, 700.01 $814,
X Tam*4,500 ub, 314.. L000,'ut 314.20, *1,000 at #144,,500 at 614M, 800 $450, 2,000 a $144, 690 nt-2144.
China Llibt (Old) · *1,000 ist $13.00
1,000 at 18.95, 2,800) at $18.00, -1,100 at $18149, 5,900, ut 1534, 580
At DISH,
·China. Light (New) 000 t, '99,40, 200 at 8915,1,500 at: 49:40, $1,083 t $0.46, 2,500 at: 39.40,
500 at: $14,2;300 at $18%. Rope 400 at- $10.00.
Hoffman warns against economic nationalism
LONDON STOCKS
-London, October 18, The Stock exchange closed generally Brm to stronger with toxtiles and rayons in demand.
Some Improvement was noted in motor issues. Prof taking in
No claims will be admitted after the goods have left the godowns or failure to attend the survey.
All broken, chafed and dam- aged goods are to be left in the godown where they will be examined in the presence of Messrs. Goddard and Douglas
coppers was absorbed and prices on October 23, 1950, at 40 advanced on further buying from a.m. the continent.
perous free nations, among which he assumed America and Britain would be numbered,, would have a natural interest in trying 10 meet special conditions holding back the prosperity of other free Associated Press. pations.
Gold shares were steady but Financial Times index 117.1-Bonded
quiet.
NOTICE TO CONSIGNEES
·Damaged packages are to left in the godowns for K amination by Cobulences the Company's survey Messrs. Carmichael & Cla at 10 am. on October 24, 1
To comply with tuc Gen Bonded Warehouse, Reg
Revenue Officer in attendź whan damaged dutiable, go are examined.
tons, consignees must hav
London, October 18. Mr. Paul G. Hoffman, forme: Marshall Plan Administrato
To comply with the General LIK Eerie 1.000 at $174,500 said here todity that a return of
Warehouse Regulu. No-claims will be aind $2734, 400 mt $25, 1,000 at $28.
Lions, consignees must have after the goods have left, 2.010 at 328, 1,000 at 82814, 1.400 economic nationalism in Euroj would make further recover
Revimte Omoor in attendance steamer's godown, and ut $25, #500 at $28, 400 x 128, Teirdbone (Otdy 1,400 at #1115 509 or the madting of the new de
when examining damaged duti-goods remaining undeliv St #1145..
After his farewell tour of 11
able goods. All claims against after: October 25, 1980 Demut 300 a $1815,000, fence burden impossible.
But he added that Europe raid European countries Mr. Hoffman
$13. "PELEUS”.
the "vestol must be presenteil ne subject to rant, FM11C not know, her own resources gret said that he would carry back to
to the Undersigned within Dairy Perm (018) $400-$16, 2,000 and it, she started a real pro- the United States the main Im
Damaged cargo ex this was fourteen days df", the "ship All claims Forainst *88-89454, 37209 MERATAIS, KOH samme of expanulen she would pression of "an astounding Im- Watson 1.250"** 2014. 20082014. Sicprise huself
provement In European condi- sel will be surveyed by Mars arrival, or they will not be steamer must be presented
Goddard & Douglas at Holt's recognised. those 800-25%, • 000 ̧nt $24, 200 In an exclusive Interview with loos compared, with
in early Wharf from 10 am. on October? Router, M, Huffman, who re- oxisting in 1040 or even Telephones (New) *2,000, ak #1015.
his post on September 1940. Daitins (New) 000 AL 11232, #1,000 red from
requested to have their de dte a 400 at 113,023, said that in his opinton the Talleing of European recover 23, 1950, and consignees dre
Plant, *,000 £250
Marshall Plan should end on after the war he said that Europe presentatived present during
2 was producing about 15 per cent the survey. Domtolonia 4,000 at +#1. -
schede in 3902
baitutions Bhanolfal Rodába | #4500 at #8, #1000 But there would be
above the immediate pre-war throughout the world wisers some bears and Britale about XB per Tanah Merah P3,000 ab:41, 1,999. Al free nations had not had the cent above. Elar Furries: 200 #1, #7814, 600,
چهار
Tile And Dicen aohlavad in silk 674. dapally to jevelop their res
smarces for foi morickwpecial ren-years. But he considered. Wes-
sons would the fact Tuindult spot. em European economio recovery Hong Kong,
da, loftinum -suid-it-ought in could progress oven. / faster,— (accepted, "that "the
the Undersigned on "or" (November - 1), *1950; or
No frostranon will be will not be recognised. effected.
No Fire Insurance
WALLT &Co cffected.
UTTERFIELD
Agenty.
Patolm, 20, 1050, Hong Ko
·DODWELL & ~CO. LTD.
Arents
583041457
October 18, 1980, Hong Kong, October 18,