-Page 12
R.I.L
ROYAL
THE CHINA MAIL, SATURDAY, OCTOBER 21, 1980.
FINANCE AND COMMERCE
INTEROCEAN LINES New York
SINGAPORE, JAVÄZUNANJIunie zbarvaldining
PORTS and
MACASSAR
"TJITJALENGKA"
"VAN HEUTSZ"
"TASMAN
ARRIVALS
SAILINGS
20th Oct,
23rd Oct.
1st Nov.
10th Nov.
0th Nov.
"only to Singapore, Penang and B. Dell.
MANILA, EAST & SOUTH AFRICA &
SOUTH AMERICA
"TJISADANE" "TEGELBERG"
JAPAN
"TJISADANE"
"TEGELBERG"
fat Dec.
SAILINGS
ARRIVALS
23rd Oct. 30th Oct.
21st Nov.
ARRIVALS SAILINGS
2161 Nov, 18th Nov.
25th Oct. 4th Nov.
| Agents: HOLLAND-EAST ASIA LINE
EUROPE via MANILA
1 and MALAYA
"RYNKERK"
PLANGLEESCOT"
ARRIVALS
SAILINGS
in Port
9th Nov.
19th Nov,
"MARIEKERK”.
mld Dog.
9th Dec, early Jan.
Through Ba/L
tasued
te
Mediterranean and Norther
European porta
O JAPAN
"RYNKERK"
"LANGLEESCOT
*MARIEKERK”
NOʻSHEDI
TREND
TOFNA
THE MORLE
THE WELLS
7th Nov.
7th. Dec. carly Jan.
22nd Oct. 224d Nov Mid. Dec.
ISTHMIAN LINE
(Isthmian Steamship Company, New York)
DIRECT MONTHLY SAILINGS TO NEW YORK.
VIA LOS ANGELES AND PANAMA
STEEL DIRECTOR"
SAILINGS TO SAIGON, BANGKOK &
Stock Exchange
New York, October 19.
от
while
FOOD OUTLOOK
WORLD FOOD
Washington, October 19.
Better prospects for industrial and agricultural activity in the Indian sub-continent, Indonesia and Japan in the year 1950-51 are forecast by Mr. Morris Dodd, Director-General of the United Nations Food and Agricultural Or- ganisation.
Hong Kong Stock Exchange
In a foreword to the Organisation's annual report entitled "World Outlook and the State of Food and Agriculture", Mr. Dodd emphasised that! wool and rubber prices had risen dangerously owing to the Korean war and rearmament Rubber shares provided a specta programmes.
all
The stock market turned balk: toy after by wzổng nhead to: 20-year high 011 Wednesday |_Drofit-taking sales were enough top in the bud sporadic at- tempis to get ahead. At the
time there
•hine
was enough buylig Interest to keep decline small and to give a mild Hit te a wide variety of shares. At the Rice was also affected, he consumption, would continue to close, gains outnumbered losses snid, and to a lesser extent increase. Export demand should but by a very small margin. cotton, coffee and cocoa and continue to be active for Transfers were 2,250,000 shares within the next few months
nvailable products except possib- Roughly 110
ly butter. issues sold 01 other commodities might feel their beat prices for 1950
The prospect was for rising in- Jonger during the day
the pressure of stronger de-dustrial activity, consumer prices and domestic income, Including three touched their lows, Only mand. four of the most active stocks The report said that the Korean farm income between 1950 and war and the rearmament pro- closed lower.
grammes of the West had created special commodities the re- fundamental changes in the world port said: "Rubber gains from in- outlook of food and agriculture. creased prices might be, offset to Changes which had already oc- some extent by the increasingly Amang, the gainers were Pull-
in Indo- those anticipated, precarious. situation man, American Cyanamid, Dow curred, and Chemiral, Santa Fe, Eversharp were mainly in the direction of China, and by uncertain outlook
own Cork.
greater purchasing power and a Crown
for other
other strategically vulnerable larger included Sun- trade.
volume of The stumblers
international supply areas."
The supply for civilian uses is my Oil, Chiengo, Milwaukee and
But, with very limited increases likely to remain tight. St. Paul, Lockheed, United Air-in production, the demand for
Catton world consumption in eraft and Admiral Corporation.
food and agricultural products 1950-51 might exceed output by will tend to run ahead of supply, about 10 per cent, leaving a world It added.
carry-over on August 1, 1951, of
Brokers on the whole Hked the way the
nbsorbed market
the proft-taking.
and
Dow Jones averages: socks
83.81: 20 Industrinis 230.83; 15 Itails 70.59: 10 Uuities 40.08.
Closing quotations:
Ariams Express
Alaska Junesu
Amer lean Can
Smelting
Telephone Tobacco Waterworks
Anneonda Copper Aviation Corp. Baldwin Locomotive Bendix Aviation Bethlehem Steel Bocing Aircraft Borden Co.
Canadian Pacifle Case J. 1.
year ago. almost 3,000,000 bales less than a
The report made these points; (1) Expansion of rearmament 23% programmes would 1 purchas-
adequate supplies БУСТО 24ing power. The demand for agri- substantial rise of world colton: available from the United States 103% cultural products Would bea
60% stronger than had been anti-consumption in the 1981-52 sca- 151cipated.
6014 (2) Higher import demands 9% and military ald expenditure by 37% the United States would mean an 77% appreciable increase in the dol 13 lars available throughout the 48% world to buy agricultural pro- 45% duets from the United States and
Canada.
37
50%
Thus some of the
currency
son was likely. This would be due to the expected rapid advance in industrial production and consu- mer demand.
woa!
Wool supply
Wool: "Problems of world supply have become a mattor of Borious concern"; the report sald.
It was not possible at the mo- 19% impediments in internationalment to
the outcome of 63 trade will be reduced,"
inter-
discussions 7012
Food gains
about controlled international 45.36
(3) The volume of interná-1 allocation of supplies. 19tional trade would rise and its tion 671 80% improve, 40%
Fats and Oils: World produr-
and
scemed
cncral pattern should tend to ikely to increation
(4) The requirements of both 40 producing and importing coun- tries would be so substantial that 114% the threat of unmarketable sur-
61% pluses would
be elimin- probably 30% oled. 31 (8) Buying power and supply could be considered 46% however, 135% favourable only in comparison 44% with previous years.
Chrysler
Colgate
Commercial Solvent
Corn Products
Du Pont'
Faslinan Kodak
General Electric Gene
29th Nov.
Motors
51
Goodrich
Goodyear
.31st Oct. 19th Nov. 5th Dec. 1st Jan
Salls S.F. Sulled
DJAKARTA (BATAVIA)
"STEEL SEAFARER"
STEEL TRAVELER" "STEEL-ROVER"
"STEEL ADMIRAL”
ARRIVALS FROM U.S.A.
*STEEL SEAFARER"
"STEEL TRAVELER”
"STEEL ROVER"
"STEEL ADMIRAL”
7
Salls N. Y.
Salled.
Soiled
27th Oct. 24th Nov.
Due H.K 30th Oct.
28th Oct. 18th Noc. 13th Nov. 4th Dec. 9th Dec. 30th Dec.
GILMAN & CO., LTD.
Tel: 31140
Chinese Freight Agents:- HIN FAT & CO., LTD.
Tels:-28823, 25653 & 23483
SWEDISH EAST ASIA CO.LTD.
Homeslake Mining International Harvester
Paper Tel & Tel Johns Manville Kennecolt Copper Montgomery Ward National Distillers
Lead
New York Central Packard, Molers
Pan American Airways Pennsylvania RR
Radio Corp: Real Sitk
Remington Rand Republic Steet
Reynolds Tobneco Schenley..... Scars Roebuck Shell Oil
Socony Vacuum Southern Paellie Standard Brands
Oil of Calif, Oll of N. J.
Studebaker Union Bag...
Carbide
US Rubber
Lines
30% 65%
25
51
174
44
014
Generally, world food sup: plies per
person In 1950-61 would be larger than in the previous year, but the gain would be slight.
Supplies of food and the ability to buy them were still for below 20 the levels of nutritional diets re- 17quired for everyone.
in 1950. Demand seemed likely to increase in both hard and soft currency areas.
would probably be able to buy Some of the soft currency areas
more fats from dollar regions than had seemed likely carliér.
or other regions, the report made the following forecasts for 1950-51:
United
States
and Canada Prospects were for about the same size of wheat crop as last yene. with maize production only slightly smaller, and for a sub- antial reduction in cotton.
Value of imports of raw maig- resis would probably continue to
rise.
Higher prices
14 In his foreword, Mr. Dodd sald Western Europe: Conditions that these developments would were generally favourable
for
help to move the level and pat- food, grain and sugar crops `in tern for world trade in the direc- 1950 and for higher production of required for a longer term meat and livesick products, but 32 solution of International trade demand would probably continue
and payment difficulties:
14
434
304
tion
323%
54%
5432
244
to risc.
There
of
He added, "It seems that bitter
W15 a Ilkelihood Bghting on a peninsula of Asia higher prices, although these 61
and worldwide increases in eco-might be modified by price 'con- 23% nomienlly
Brina- trols or government subsidies. unproductive 75
ments will do more to improve Eastern Europe and the Soviet 884 certain
aspects of the terna- Union: Agricultural production 33% tionut distribution of food than was likely to show an increase 30% all of the direct efforts made over last year despite severe 47% since '2046."
drought in the Danube basin. ***** With the exception of Hungary, Rumania and Yugoslavia, farm-
Steel
51% 41
....
10%
Westinghouse
33
01%
Gen, Pub. Utilities
Bonds
10 were mixed. Among
Youngstown Sheet & Tube
Technicolor, Ford Motor Franco.--Associated Press.
ARRIVALS FROM EUROPE
m.v. "BALI” m.v.. "CEYLON"
13th Nov.
4th Dec.
SAILINGS TO EUROPE
m.v. "TONGHAI"
NOTICE TO CONSIGNEES
m.v. "BALI"
.31st Oct. 29th Nov.
5.8. "PELEUS"
,,,,," ་
m.v. "CEYLON"
י זיךָ
FOR
..end Dec.
ADEN, PORT SAID, GENOA, MARSEILLES, CASABLANCA, ANTWERP, ROTTERDAM, BREMEN, HAMBURG, COPENHAGEN, OSLO & GOTHENBUEG
C
Deeptanks available for Bulkell
GILMAN
& CO., LTD.
Tel. 31146
of
Korea's effect
Mr. Dodd note that the demanders' real Income socrned kely to for products directly related to Increase.
In the agricultural field, wool
an
1
should
the rearmament programmes hind Africa: Production of food been intensifled since the Korean crops for domestle consumption war.
would expand slowly." curb gainers were Barium Steel, and rubber were the major complies were likely to be larger with
Middle East: Agricultural sup modities affected. *:
improved harvest of most Prices had risen dangerously, crops, particularly cereals. and further United States pur-
rticularExpanding! Latin chases were expected to push agricultural production them higher. Rice also was affect- keep pace with the rapid growth ed and, to a lesser extent, cotton, bf
and continued population) coffee and cocoa.
European demands for non-dollar Within the next few months foodstuffs and raw materials Damaged cargo ex this ves- some other commodities might] might encourage increased pro». sel will be surveyed by Messrs.feel the pressure of stronger deduction for exports from Argen- Goddard & Douglas at Hoit's mand,
tina and other "countries-Reuter. It is not possible to increase Wharf from 10 am. on October supplies of these, scarce products 23, 1950, and consignees are in the immediate future, the only
requested to have their re- course is to make the best use of Money Market
presentatives present during the quantities that are available", the survey.
BUTTERFIELD
& SWIRE, Agents.
Mr. Dold commented. conditions
On
In the Far East
US dollars have
suc-
recovered as in 1050-51 the report said that spectacularly is they dropped barring further unfavourable caller in the weekd weather
crop production might or the second day in increase slightly but any anti-ccasion yesterday they took the cipated increase would leave per up-grade; Tining from HK$6.27 Hong Kong, October 20, 1950. capita food supplies below the at the opening to. $6.30% in the
Pacific Far East Line, Inc.
DIRECT
Fast Regular Trans-Pacific Service
SAN FRANCISCO, LOS ANGELES
"CONTEST""
"AVRPRISE"
“CHINA DRAJTO"
LOUIS LO"
PENDIAN:
OVERLAND
NEW YORK-CHICAGO DETROIT-TORONTO, MONTREAL AND ALL AMERICAN-M- CĂNADIAN – CITIES."
Arrive
Bad
Ри
Nav
Sant Franclice Oct. 21
San Francisen Cargo transhipping at Japan
Manlin
Oct.
Straits
Now!
Ban Praceles
.Oct.
12
San Franelves & Los Angeles,
San Francisco & Lor Angeles,
San Francisco & Los Angeles
Kingapórey-þjakarfa, DombaY,
Buthe Balcheeruted Accepts Diy Carro East Bound.
pre-war level.
$6.30,
Midsummer floods in Chin, afternoon. At the close it was however, indicated that Improve- On Wednesday they were down |ment if any in wheat, rice and to $6.16.
secondary crops would be less than expected.
'Rico loss
The probable loss of a substan-
TT opened yesterday at HK$0.-) 31 and 'closed at $0:54. It was up to $0.84% before the close.
Industrial gold opened at
tial part of the Korean rice crop HI287.50 a tael and closed at would create a serious shortage $200. It was down to $200.25 In and would also wipe out any
the possible exportable
Da Corea Had last
Continue youn
morning.
such Sterling was unchanged at HK$15.05, and Australian pounds
After a week of fair activity. the market closed very steady.
ad
cular feature with a strong all- round demand at udvanging rates. Increased interest was also shown
North In
Poin Utilities Wharves, with the latter finishing highest for the wook. at $5,85
was The undertone at the close steady to firm.
HK Govt, Leans
3 Loan (1934 & 3910j van. Lonn (1048) 9519%.
Banke
Unk 1,650b, 1,470), 1,400. (Lon. Reg.) $20. Chartered Hapk £10 7/18n; Mercenti Bank A♫ B/• ££ân. Bank of East Asin 106.
Insurances
Canton Ins. 2004. Union In, Goob, 700s. China Underwriters 3.00n. HK Fire Ins. llón.
Shipping
puwwss 1f0H.
HK Macno Steamboste lin. Indo Chinna' (Pref.) 22.
(Def.) on.
Sheila (Dearer) 06/-0.
Balon Waterbenta 18b. Ania Nav, JOB, TOR.
Docks. Wharves, Godowns, Etc. IIK & Kowloon Wharves 80b, 025, 'Obam. North Point Wharves 3.706, 5747,00am, Shanghai Hongkow Wharves 5%. HK Docka 165, 16mm, China Providenté 12b, Shanghai Dockyards #1áb.. Wheelocks 251⁄4n.
Mining
Itaub Mines 4,780.
Mins 01.
Lands, Hotels and Buildings
21K & Nhongchai, etuls 8,100, 3,70%, 81410.
IK Lands $25, 12124, Shankhal Lhuda 1.10h. - Humphreys
An
HK Realtira 2.15m. Chinese Extales 110n
Public Utilitias IK Tramway 145, 14*, - Ponk Trams“ (OM) 22m.
..(New) 10, 101⁄4us, Ator Ferries 748h. Chinn Lighter
(Old) 13.20, 1998, 18.40/%/30an (New) 3.20h, 9.47%, 0,407,30;n. HK Eloeiries 281, 28/28430, Marko Eleétrico 31Mn.
14
(New) 10 n.
Donita Sh., 2014. Bulakno Lights £34.
"
Telephones *(Old) 111, 15, 114.
(New) 10. Shanghai Gas 10. -
industriale
Call, Marg, (Ord.j 221n. Cauton le 3 Coments 1316b,' 127mm. HK Ropes 13b.
Stores, Etc.
Dalry Forma 1018) 14h, 143», 14!!am,
(New) 184b, 124, Watsons 204, 2
L. Crawfords 2ük. Hicrew 'n.
China Emporium 80.
Bun Co, Last, 1.70) Kwork Bong Hong '15h. Wing. On. (IK)_ 4$»_———— Win. Powell, 'I-tdi" Am.
Miscellaneous Chlon Entertainmenté. 187sh. .HK Constructions (Oldy Ba (New) 1.300. Vibro Pilings 1in.
Matyman Investments 8}<n; Mersman (IK) 78n. Bhanchal Loni 100. Shahghta? Explor, 200, Yangtands
Cottone
Ewes Jh, 3.301, 1.20.
**** Rubber, etc. Companies Alma Estates" 1490, '1610, Anglo-Dulch 401,
Anglo-Java 30,
Batu Anamy ,271, 180xa, Date Plantations"1b, Iwa. Chemor United,sh, Cheng Rubbers (27%, › 250a. Consolidated Rubbers 2.203. Dominion Rubbers 100brit Java-Consolidateda. „00n, Kota Bahroe 1.002, Ja. Kroewoek... Javno 25. Langkats $21. Padang Rubbers .22b, .20an. Repah Rubbers -.200,- Rubber-Trust 3b, 3, 2.10/2/3. Bamigues. Rubboir Sisa, T Bemamber Rubbers .808. Shangla Kedaha Gù. Tu Shanghal-Mulejn 10- Shangbel Pakane 806. Shanakal Sumatras 1,20b. Run: Manguls 100, - Bungel Daria 27b, 204, 2700-
·Tanah Merah 2b, Teborg 'Rubbers (-20h, Zlángbo Ruhbarn.40b.
BUSINESS. DONE (Direat business)
HK' Dank 10"xt $1,456, Wharf Ca, •250 st $90.
Neith Point" Wharven '*7,000ml $34, 1,000 at $5.80,-*1,000 at 85.80, #1;000
· IIM · Dock · 1,500 mt. $15. IIK Land $1,000. ut 94315.
**$425,000 ̈£ €¢2%, 100 a1-84814)
*200
I a Shinghal Hotel (1,500 #8%. *1,000 at 835, *500 at #874, 20 IIK TV 700 #1435, 1,000
+
AMERICAN PRESIDENT LINES
The Global Fleet
St. George's Bldg..
Tel. 20172/6.
TO HONOLULU & SAN FRANCISCO vio JAPAN
Nov. 2 Balls
Pres. Wilson ....
Pres. Clevoland
Gen, Gordon
4
TO SAN FRANCISCO & LOS ANGELES
Arr Art. Nov. 27 Bails Arr Nov. 229 Salla
Nov. Nov.
28
30
via JAPAN
Pres. McKinley Prea. Tuft
Arr Nov. 6 Balia Nov.
Nov. 16
Nov. Arr,
Salla
17
TO NEW YORK, BALTIMORE & BOSTON
vio PACIFIC COAST & PANAMA
Pros. Tyler Pres. Grant,
VIA
5.
ទំងរនៃ
Oct 28 27 Arc Oot, Arr. Nov. 15 Salla Nov. 10
ROUND THE WORLD
MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAY, KARACHI, SUEZ, PORT SAID, ALEXANDRIA, NAPLES, MARBEILLES. GENDA, NEW YORK and BOSTON
Willamette Victory ... Pres. Johnâòn 523)
Arr.
Art.
Oct. 20 Salis Oct. 30
Nov. 15 Szila Nov. 10
BEN LINE
CHIP "BENVORLIGH" "DENMACDHUP”
"BENALDER" "BENAVON" "RENVENUE"
"BENLAWERS" "BENMHOR" "BENATTOW" "BENLOYAL” "BENGRUACHAN"
"BENVORLICH" "BENWYVIB" "BENATTOW" "BENALDER" "BENVENUE"
"BENMHOR" "BENLOMOND"
{"BENMACDHUI"
"BENLOYAL"
"BENAVON"
"BENLAWERS”-
"BENCRUACHAN"
+
FAR LAS
ARRIVALS
FROM U.K. via "Bingapore
DE 24th O 316t
on, or abt 14th
SAILINGS
London, Antwerp, Rotterdam & Hamburg.
*
London, Antwerp, Rotterdam, Hamburg and Hull.
London, Antwerp, Rotterdam.'& Hull.
Liverpool, Glasgow, bublin, Havró 4 Rotterdam.
Havre, Liverpool, Antwerp, Rotterdam a Hamburg,
Liverpool, Glasgow,
“Dublin; Rotterdam & Antwerp.
P
U
14th G -1et
10th
17th J
23rd J
2016 J
Loading on or a
28th O
27th
21 t
17th
17th
14th
26th
3rd
30th
5th
6th
*Accepta Cargo for Genoa, †Accepts Cargo for Havre. Via Singapore, Colombo, Fort Sudan, Aden, & Sunr
For Further Particulars, Apply fo
W. R. LOXLEY & CO. (CHINA) LTC
York Building.
Agents
Telephone: 34185
THE EAST ASIATIC CO., LTD
"
M.S. ANNAM
LOADING 29th OCTOBER
for
ADEN, PORT SAID, GENOA, ANTWERP, ROTTERDAM,
HAMBURG, OSLO, GOTHENBURG & COPENHAGEN
THE EAST ASIATIC CO., LTD.
Queen's Bldg., Znd floor.
NY COTTON
Tel. 34111 & 34112;|
~ITALY WARNED
Genoa, October 1 Mr. Leon M. Dayton,, cheat New York, October 19. Cotton futures were fumor to the United States Economis
operation Administration/MIS day, after Wednesday's sharp de to Italy today warned Italian elines. Continued pressure on the dustrialists that unless they?? Chine Light (New) 1500 a $9.40. Departament of Agriculture to might
Ivins
China-Elght (Old) 300 ml 819,40, $8,000
At $13.40, 1,000 41 81314, oder $15.00, *1,000 at2 $1800.
14,000 al 30.8D, ···
IK Electris 1,000 at 128, 600, x1 #28%. | cfcaso cotton export allocation might them andards
-1,300 at $2834. * 13- conditions at $12.70, 700MBAN MONE would keep buying power low Plastres continued nominal st
Asian coun=" Ticals at HK$27,10 a 100, and NEI Guilders at HK$3:50'n 100,
In some
and distri HK$13 à 100.
hotler prospecta could be were unchanged. A
and agri-
exampled for jure and "Incoma, In
culturul activity
the Indian sub-continent, Indo- nesla and Japan, Tele
Australian
NY RUBBER
fan would perkultural produci· Crude Fubber. No. 1 futures
Telephone (015) 1,500 at 811%) Cemvat 405 W 81892, 1,000, 10% Dalty: Farm (200′ ME: $183/EONEK Tatson 100 at $35, art! Evo (500) at, 48.30, 800 me $3.20. Daleled “(New), fikan "at" #inspi Peak Tram (News 800 at $10%. - Dale Plant: *1,600/50. #1, 0R
liko Mussollha two works
Mf tho Itamwo
Governme
influenced; dound”, short covering and commission house buying rocked Fatures closed 55 denik to $113criticisms of tho a bato biglie
December
38.00 1.00,
Chingu 3,700 at 25,conté,"
March
·*30.01
New York, October 19,
Kota Bahrow 5,000, ne $115.
May:
38.00.
Padanga, **1,800 lat 20 cents.
| Juty
38.45.3
Trusia 350 a $3.70, 2010 at 126, 1.000 tobe
38.01/2
Bungel. Durla"" "800" <nt" 827,-
|MIT
Fain: Abama, 22.000, mk, lå centrano
MICHI
continue at closed 200 higher, ER BE my high level: wiin wool and dairy December
07.23 bid. output alightly largor than last torch
MAD
The demand for farm products Both for exposlanargo adem mali by h
Cabliet
caution in spending for Frec
Hold the Amer
of Commerce for
allan).busing "a"pression" /
!part of act andvindusts
have tho
loaders to give up strview: need for raising the tand Ilving, and to the baster of low cost and highe