R.I.L.
'ROYAL
INTEROCEAN
SINGAPORE, JAVA"
15 PORTS and
MACASSAR
"TJITJALENGKA"
"VAN HEUT5Z"
"TASMAN"**
ARRIVALS
LINES
SAILINGS
28th Oct.
In 'Port
Fat Nov.
10th Nov.
8th Nov.
*only to Singapore. Penang and S. Dall,
O MANILA, EAST & SOUTH AFRICA & SOUTH AMERICA
"TJISADAME" "TEGELBERC"
JAPAN
"TUISA DANE"
"TEGELBERO"
1st Dec.
ARRIVALS
SAILINGS
In Port
21st Nov.
18th Nov.
21st Nov. 30th Oct.
ARRIVALS SAILINGS
25th Oct 4th Nov.
Agents: HOLLAND--EAST ASIA LINE
● EUROPE via MANILA
and MALAYA
"AYNKERK"
"LANGLEERGOT"
"MARIEKERK"
Through
BO/L Intend
Msulterranoan and Northern
European porta
JAPAN
"RYNKERK"
"LANGLEEDCOT
*MARIEKERK"
2005
2002
ISI WORLD
THE GUD
ARRIVALS
19th Nov.
mid Dec.
7th Nov.
7th Dec.
early Jan.
ONES
SAILINGS
9th Nov.
9th Dec. early Jun.
22nd Nov Mid. Dec.
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"
"STEEL TRAVELER”
"STKEL ROVER”
"STEEL ADMIRAL”
ARRIVALS.FROM U.S.A.
- STEEL SEAFARER"
“STEEL TRAVELER” “STEEL ROVER"
"STEEL ADMIRAL”
Soils N. Y. Sulled Sailed 27th Oct. 24th Nov,
.31st Oct.
.19th Nov.
5th Dec. 1st Jan.
Sails S.F. Dus B.K Sailed 30th Oct. 28th Oct. 18th Noc. 13th Nov. 4th Dee. 9th Dec. 30th Dec.
GILMAN & CO., LTD.
Tel: 31146
Chinese Freight Agents;— HIN FAT & CO., LTD. Tels: 28823, 25553 & 23483,
SWEDISH EAST ASIA Co.,LTD.
ARRIVALS FROM EUROPE
m.v. "BALI" my. "CEYLON"
SAILINGS TO EUROPE
m.v. "TONGHA!"
m.v. "BALI"
m.v. "CEYLON"
FOR
.13th Nov.
.4th Dec.
lec.
.31st Oct. .29th Nov.
cad Dec.
1
ADEN, PORT SAID, GENOA, MARSEILLES, CASABLANCA, ANTWERP, ROTTERDAM, BREMEN, HAMBURG, COPENHAGEN, OSLO & GOTHENBURG
Deeptanks available for Buiksil
GILMAN &
CO or
LTD.
Tol. 31148
SWEDISH EAST ASIA CO.LTD.
m.s. "TONGHAI
Loading 30th October
Sailing
November
:
THE CHINA MAIL, WEDNESDAY, OCTOBER 20, 1000.
FINANCE
AND
COMMERCE
REARMAMENT PROBLEMS New York
Hong Kong Stock Exchange
Hong Kong Electrics set the pace in the Utility section with 4500 hores done at $2014.
bell the market At the final was very steady.
department In the Rubber
evidence, again In bulls were
getting very buf sellers are
turnover was scarce and the small,
The trend
looks higher and
the undertone is strong.
I.K. GOVT, LOANS
London, October 24.
Discussions about rearmament have so far boon Dancy concerned with its financial and fiscal con-
SON TE Himmitin, and Sequancos. It has been pointed out that rearmament will im- pose new taxation upon a nation which is al- ready overtaxed, and that in the absence of compensating economies it will inevitably lead to fresh inflation."
hus
į
Stock Exchange
New York, October 23. Last-minute selling wiped out slight gains in the lock marke: today.
Losses ran more than a dollar
share at the cinse while carly guins all were cut back sharply.
Trading was moderately active at best.
All this true diloùgk"" 'Offable. This rush to buy suggests Share prices remained un-equal Importance, however, that there is plenty of money about, but it can only be called chanred on the Stock Exchange the likely impact of rearma-
an unhealthy trade spurt. with one exception. ment upon our productive re- yesterday
What is true of Scotland is North Point, Wharves hit a new | sources," which in many re-
equally true of many other parts Steels kept ukend most of the 1950 high of $0.10.
the dis- of the country. In the Birming day! as did a number spects are already fully train ed. We must not nöglect the
ham area there is a definite tillers. Continued talk of higher physical for the financial side shortage of labour. Thus it is true steel
probably prices, which to say that in many respects in would more than offset anticipat- of the question
rofection / This
been nation alrendy upon us, evened higher wages, was the pressure
behind the rise in that depart prompted by a brief visit to before the rearmament program
Distillers have in the Glasgow, Scotland today is in and has been properly launched. ment very prosperous condition. Ex- The question is what things will background substantial and con- fuci of alcohol to tinued sales cept in one or two places there be like next year. is ittle unemployment, but there
the Government's synthetic rub- is just enough labour available to
bar production step-up," make it possible to replace men who drop out. Everyone is work- ing well, and whatever may have been the case 30 years ago, any doubts about Clydeside Inbour are now completely unfounded.
Scottish industry Considerable progress has been made since the war with the new industrial estates. Occupants of these now include 20 American and Canadian factories, and six more are on the way. These have installed British machinery, and they employ Scottish labour. In the short run this has brought dollars ints', tuyên country, and opart from raw material costs only long-terin ofticut the
4 Loan 08. Ban (1934 & 1900) DSM.. 31 Loan (1948) D5b.
I
HANKS
& Shangland Bank 1,400s.
(n. Not.) £0. Catered Bank 119 /Ln, Meresstil Bank A. & D. £n. Bank of East Aafo 1081,
INHURANCES
Canton 1, 260.
Union 4, s.
Ching Underwriters 3.00
IK Fire Ina, Hon.
SHIPPING
Douglas 150.
IK A Minen, Steamboata in. Flu Chin (Pret.1 12n.
(Dr.) 380.
Phelix (Beater) 54/4398. Unina Waterboats tab, 19 Asla Nav, 751.
DOCKS, WHARVES, GODOWNS, Ele.
K. Whoreca 04.
Horth Paint Wharvon ab, 6/0.10. Shanghai Hongkow Wharves 5lb.. Jih orka 16b.
China Providenta 12.165. Shaghal Deckyards 3.204. Wrch.cha 256.
MINING
Raul Stins 4.700,
HK Mines 01.
LANDS, HOTELS & BLDGS, H., Hotela 8.900, 99, H.70/80. ik lauds 12191, 4232. Surhal Lands 1.80, 10. Kamphreys 1.25, 106,
Renita 2.16ms.
Chines Extates 119h,
PUBLIC UTILITIES
HK Tramwaya 13.8ab, 14 24.10. Penk Trams (Old) 22m.
(New) 10.
Star Ferries 201
C. Lichu (Oldy 158, 13.504, 13.40/35.
(New) 9%h, 9.40a. BK Electries 28126, 2, 18. Macau Electrics 12,
-(New) 11.
(mu 8hy tolán. bakan Bischts 8%. Telephones (Old) 1144.
(New) 10 Shambal Gas 111⁄2n.
INDUSTRIALS Cald. Marg. (Ord.) 22. Banan lev 3.
Cements 136, 146, 139/4/K»». HK Ropes Bb.
STORES. Ete,
Dairy Farm (Old) 14b, 14/4/2450.
(New) 12b. 124/0
Watsons 514b, 26. "Ti, Crawfords “b,-26.
Sincerer in.
China Empuriain sten. San Ca, di, 1,700. Kwehr Bank Hong h Wing On K! 436. Whs. Powell, Ltd, Sn.
MISCELLANEOUS
China Entertafuméats "7èni RK Constractions (Old) 24m.
(New) 1,371,
Viben Pilinan 11
Binneman Investments /-n.
Maraman (HK) 7ên,
Shanphul Linh Tên Shaushal Explor, on. Yangissa 35...
Ewes 3.sta.
COTTONI
HUNBER, etc. COMPANIES Alma Estates 17. Anglo-Dutch 40b.
Anglo-Java Job.
Batu Anama $0.
Bute Plantations 14b. Chemor United .05).
Cheng uber b Consolidated Rubbere 2.556. Dominion Hubbers th. Jara-Consolidatos .05, Koln Enhroe 1b, 1.85 Kroewock Javas 26b, - Lanukate 60b, 40
Padang Buhler
356.
Reund Rubbers ',296.
Rubber Tronia 346, 331⁄2», 2ľom. Baninyaga Rubbers 808, 90an. Semambu Rubbers .804, 80%. Shanghai Ketals 724h, Bija. Shanghai-Kalaja 100 Shanghai Puhang :8fb. Shanghai Sumatras 145, Bus Manggis 10m
Bungel Durid 21b, 814, 305 Tanah Merah 1,205, (ižje, -1.50ss.
Tebong Rubbers 106.
Zlongba Rubbern 40b,
BUSINESS DONE
(*. Diréck bualmeida ji
IIK Bank 50 at $1,450, 73′ at $1,450.
Tito answer lies in finding solu- tions to two problems, which are not entirely disconnected. The first is the physical problem of | increasing
production.
Here something can be done, and is being done, to save wasted effort and promote greater efficiency. It is not alway easy; partientarly as new equipment is not readily available, while memories of past unemployment are still reflected In inhibitions of many kinds! efficiency in the Again greater factory does not always lead to large-scale quick results.
HK AGREED
lars which the present companies MERCHANT RATES
GD.70:
Dow Jones averages: 20 31-
trials 230.02; 15 Rails 10 Utilities 40.93.
Closing 'quotations: Adams Express Alitska Juneau American Can
.
Anaconda Copper Aviation Corp, Baldwin Locomotive
Bendix Aviation
Bethlehem Sterl
Boeing Aircraft Bardt Co...... Canadian Preilic Case . I.
Minum Buying Chrysler
Sterling (Indirect Sterling 1/32nd higher Colgate
will take out, in the form of pro- fits. Against this these factories Maximum Helling. are now shipping their products to all parts of the world, includ- ing sonic South American coun- tries.
This is the state of activity in which Scotland will have fo carry her share of the reartaiment pro-
than Loudon rates for th Involvedi
1/3 1/10 120 days,
gramme. Already there are signs Sterling (ES Africa)
of strain. The restrictions upon
new capital expenditure are making it difficult to build new factories or extend existing plant. It is doubtful
suficient there is
it
1/2 27/32
Eastman Koduk General Electric
Goodrich Goodyear
Motors
Hamestake Mining
AMERICAN PRESIDENT LINF
The Global Fleet.
BL George's Bldg.
Tel. 28172/8
TO HONOLULU & SAN FRANCISCO' xia JAPAN
Pros. Wition
Pros. Cleveland
Arr
Nov.
ק !
TO SAN FRANCISCO & LOS ANGELES
Arr. Noy. 27
2 Balls Nov. Ballo Nov.
via JAPAN
Pres. McKinley Prei: Taft'
Nov. 5 Ballo ... Arr
Nov. Nov. 16 Arr.'
Balls Nov.
TO NEW YORK, BALTIMORE & BOSTON
via PACIFIC COAST & PANAMA
Arc Oct. 29 Balls Baila Nov. 15
Prés, Tyler Prae, Grant
VIA
Arr:
ROUND THE WORLD.
Oct.
Nov
MANILA, BINGAPORE, COLOMBO, Coo BOMBAY, KARACHI, SUEZ, PORT SAID, 'ALEXAND
MARSEILLES GENOA, NEW
NAPLES,
YORK
BOSTON
Willamette Viatory ... Pres. Johnson ....
Oct. Arr.
20 Nov. 16 Arr.
Oc Salle Balls N
BEN LIN
ARRIVALS
FROM
2371
215
103
Smelling Telephone Tolinces Waterworks
674
15114
91
30%
70
1374
485%
40
3014
503
1914
53
70%
4514
nuance Commercial Solvent
21%
Corn Products
6013
· 1/3 21/32
1/2 15/16 T.7.
1/2 31732 0.9.
Du Pont
81%
178 30 days.
46
1/3 1/02 50 50 Chys
49%
*515%
11314
3/3 1/32 0.0. If under
00%
3D
WHIP
International farvester
· Paper
323
4634
"BENVORLICH"
U.K. viz Singaporo
Tel.& Tel
134
"BENMACDHUI"
Johns Manville Kenncestt Copner Montgomery Ward National Diglers
43%
"BENALDER”
on or ab
BRIG
"BENAVON"
04/
20%
"BENLAWERS"
"
Lead
51%
"BENMHOR"
30 days.
New York Central
17%
"BENATTOW
Packard' Motors
37h
"BENLOYAL”
81 3/8 T.T.
Pan American Airways
034
"BENCRUACHAN”
63 6/8 O.D.
Fennsylvanip RR
20%
8 3/4 7 30 days,
Radio Corp.
175
3/ Co days, SA DO Rs.
Remington Rand
14%
Republic Steel
4314
Reynolds Tobacco
35
"BENVORLICH"
1/Cic
Schenley
33
"BENWYVIST".
Sears Roebuck
53%
"BENATTOW”
557
"DENALDER"
246%
"DENVENUE"
01
23
74%
Oil of N. J
Re
3314
38%
47
"BENMACDHUI
50%
419%
1624
"BENLOYAL"
3351
5146
“BENAVON"
"DENLAWERO"...
1/3 27/32
1/Credit 1/3 3/32 0.0. xlibout
L/CrediL 1/32nd up every
36 days. labour to permit of any further sterling (W Africa & W. Indles); extensive development of In-
1/2 7/32 0.0, W-under dustrial estates. If this turns out
1/Credit to be the case there is a risk that
1/2 9/32 0.. wibout
L/Credit tenants of existing factories will
1/72ne up very have to be displaced in order to obtain factory capacity for rear- mament work.
Manufacturers
also complain!
of a shortage of steel, and with less scrap coming from Germany some steol-makers are beginning to suffer from a severe shortage of scrap. This may impose u check on the hitherto steady ex- pansion in steel production.
Rupees (India):
82 7/16
Hapers (Aden): : 27/10...
S4O.D, I under
1./Credit
81 1/8 O., without
579 3000 ứnys.
1/16.830/16 T.7
upees (Rangoon); ·
83 13/16 1.7),
83 15/18 1 · 20 dage, 84 1/10 00 (daya,
84 3/15 90 days,
Rupers (Pakistan) i
A rush to buy Rearmament beginning to have an inflationary influence on retull trade. The sharp rise in world wool prices is reflected in Budden rush to buy clothes, and shops are busy getting in fresh supplies, so far as they can. There 7 1/8
Also
leen demoud by the public for wireless and television sets. This, is inspired by the fear that manufacturers will shortly switch over lo rndar and other equipment for the Services, so that no new sets will 'beravail
is
Union Ins. 110 at 1680,
North Plut Whattes 3,000 at 86, 4,850 at $610. 150: #1 $6, '180's 36.10,
1.COD A 44.10, 1.000 al 9.10.
UK Land 633 at $42.
IK & Shanghai, He el GD at $8.70, 105 na 18.70, KOG's $8/10," 1,000) $8.80, *500 at '$8.30. 'ï'
Shanghai Land 2,000 at #1345.
Malarmı ....62 11/16
767/13/15- T.T. *67 178 ̃0.0;
63 1/8.00 days,
83 3/10 T.T, & Q.D. 58 6/10 30 dmyn. 53 9/8 GD day
v.s. Dollars (delivery willis phe calendar manth 1716 down per ehlendar month thereafter);
175/16 17 1/2 T.T. & 0.D.
17 / 30 iyu,
17 6/8 CD & 00 days.
18 7/16 TT. & O.D.
Canada:
*-18 1/8
Australia
T
1/0 7/16
1/8 15/10 0.0.
New Zealand:
1/2 27/22
MK Tram 100 mi 81434. *1,000 42.914.13. 2,000 at 814.16,” Cho at #14.15.
· China · Light (01d) *145 mt 318:30, 40
at 31380, 600-at $13.40,1,000
China Light (New) 8,200 at $0.40, too
of $9.40. y
·
L
IIK Eleizle 3,805, at $283, 3,200 et
$297.
Yarutis 7,000 at $2152
Cement 800 at #1291, 200 at $1891.
1,100 at #13%. 300 at $136. ***
1/0 3/4 T.T
1/3 1/3 T.T. 1/8 5/82 0.0.
N.B. Boring solling rates; for delivery within two monthi with a'cut of 1/8žnú
for every further three months' forward
1
Money Market
Shell Oil
Spcony Vacuum Southern Pacific Standard Brands
Óll of Calif.
Studebaker
Union Bag
"Carbide
US Rüblièr
1
Steel
Lines
Wealinghouse
Youngstown Sheet & Tube. Gen, Pub. Utilities ............ 103
Treasury Bank-Eligible" .. issues were slightly higher in the
Other -over-the-counter market.
Governments remained about un- changed.
Corporate bonds moved rowly Associated Press.
nor-
NOTICE TO CONSIGNEES Consignees Per
STATES STEAMSHIP CO.
6.5. "COLORADO"
are hereby notified that their
US dollars went up to HK$0- cargo is being discharged 'Into 32% of the close yesterday after the Hongkong & Kowloon Dairy Farms (Old) 100 at sided at opening at $6.293%. The lowest Wharf & Godown Co's godown
*$1435; *600 m€ 81415, 700 mt $1434Was $01324. Watson 100 t $1#, ****
Ewo 100 at $0.30. -
Waterboats 280.at.BID.
where it will be at Consignees Twopened at HK$6.34% and risk and subject to the Whart's
closed at $8.3014.
terms and conditions of storage, ***Industrial gola opened at HKS. Highest and lowest rates wero 3202.26 and $230:50.
Als Entre 500 at 817, *80*2903 tael; and closed at $291'50 and where delivery may be
200 ml $17.
Kota Daroo 1,000 at $1.85.
Lärikatë 300 at 40 cents.........
Trusts 3,000 at walk, Gog'at $3%, 155
at 13.10. 280 $3
Benabbits 6,000′ at 30×soft.
Bunde Duris '60° at $30,
Tanah Merah 200′ at $1,20.
Dairies (New) 600 at $125%, 600 - st
12.10.
Line Grawford 100 at $20.
famágnesh 20,000 fl ̃00 enta.
opened at HK$16.05|
obtained.
Damaged packages are to be
Ster at $10.10, left in the godown för exami
end
"Austrhilan HK$12.00 and
pounds opened at ination by Consignees and the at 12:02. Company's Surveyors, Messre Plastres continued nominal, at Camichiel & Clarke at 10 HK$1B 100p
Tiens at HK$27.20 a 100, and NET Guilders LT HK$3.80 a 100;
Govt., $1% Lona (1948) *$7,000 at 20. stere unchanged; HAAR P
Pacific Far East Live, Inc.
Fast Regular Trans-Pacific Service
DIRECT
BAN FRANCISCO, LOS ANGELES
***OVERLAND NEW YORK-CHICAGO-DETROIT-TORONTO HONTREAL AND ALL AMERICAN • CANADIAN, OFTIES.
Ben Franciaco
Cargo trane
Oct.
Nor
29
"INDIAN DEAN" *FLYING BCUP“
Ben Franciace
Now
San Francisco
ADEN, PORT SAID, GENOA, MARSEILLES, CASABLANCA. ANTWERP, ROTTERDAM (AMSTERDAM), BIEMEN, IAM- BURG, COPENHAGEN, OSLO AND GOTHENBURG.L
N
GILMAN & CO., LTD.
• Pos Vobis “Hönd Central,
“COINA” DEADM
"LOUIS' LO"
Dry
Tor
San Francisco & Los Angelou.
Ban Fennelson & Lar Anacos
'Singapore, Djukarla, Bembar, San Franclées §lamánesies,
La.m. on
on October 30, 1950. T
To comply with the General Bonded Warehouse Regülatfors Consignees must have a Rd- venue Officer. In attendando when damaged, dutiable goods aro rexaminedan fayleigh KW1.
292
No claims, will be admitted after the goods have left the steamer's godown, and all goods remaining undelivered after October 31, 1950 will be sub ject to rent.
All claims against the stea- mer must be presented to the Undersigned on or. before November 9, 1950 or they will not be recognized.
No fire Insurance will be
DODWELL & CO., LTD.
Kong, October 26,† 1050.
"BENVENUE"
*"BENMHOR":
"BENLOMOND" ...
"BENCRUACHAN”.
SAILINGS
London, Antwerp, Rotterdam & Hamburg.
London, Antwerp, Rotterdam, Hamburg and Hult,
London, Antwerp, Rotterdam & Hull,
„Liverpool, Glasgow,
Dublin, Havre A Rotterdam:
Havre, Liverpool, Antwerp, Rotterdam a Hamburg. Liverpool, Glasgow. Dublin; Rotterdam Antworpen A
Loadin
Acoopte Cargo for Canós Accepts Cargo for Havn Via Binghpore, Colombo, Port Budan, Aden, A “Buta, --
For Further Bartulars, Apply To- W: R. LOXLEY & CO. (CHINA)
Agents
York Building.
Peninsular
Telephone: 3
& Orie
QUIS NOS SEPARABIT
STEAM NAVIGATION COMPANY
R.M.S." CORFU "
NOTICE TO PASSENGERS
SAILS: Friday, the 27th Octobor at 6 AM. for the
Kingdom via Straits, Colombo, Bombay, Aden and Said.
BAGGAGE: ALL passengers baggage must be sent
Hongkong & Kowloon Whart Co.'s Godown at GATE, CANTON ROAD ENTRANCE. BY 5 P.) Wednesday the 25th OCTOBER
SPECIAL NOTE: With the exception of hand package ried by passengers themsolves ALL BAGGAGE, pass through the Whart Co.'s Godown for Ibadi board by ship's slings only.
TION: Will take place on THURSDAY. the Elt Fetween 4P.M. fund's. P.M.;
MACKINNON MACKENZIE G