R.I.L.
ROYAL
• SINGAPORE; JAVA
PORTS and
MACASSAR
INTEROCEAN
LINES
ARRIVALS
"VAN HEUTAZ"
#TJIBADANE"
"TASMAN".
1st Nov.
8th Nov,
"only to Singapore, Penang and B. Dell.
MANILA, EAST &
SOUTH AFRICA & SOUTH AMERICA
"TEGELBERG"
JAPAN
"TJISADANE"
"TEGELBERG"
ARRIVALS
31st Oct.
SAILINGS
10th Nov. 24th Nov.
1st Dec.
SAILINGS
21st Nov.
ARRIVALS SAILINGS
8th Nov. 20th Nov.
0th Nov,
Agents: HOLLAND-EAST ASIA LINE
EUROPE via MANILA
and MALAYA
*RYNKERK"
"LANGLEESCOT"
"MARIEKERX"
inued
ARRIVALS
SAILINGS
9th Nov.
19th Nov..
mid Dec.
9th Dec early Jan.
to
Mediterranean and Northerr
through
European
• JAPAN
"RYNKERK”
Ba/L
Dorte
"LANGLEESCOT"
"MARIEKERK"
7th Nov.
7th Dec early Jan.
22nd Nov Mid. Dec.
BEEKINGSTBUILDING TELEPHONESA 2001SETO Z2801758
e
CHINE ERASUGESTII, CONNÁUGHT ROAD, (2, LELSI/20196 21112
THE GELA
ISTHMIAN LINE
(Isthmian Steamship Company, New York)
DIRECT MONTHLY SAILINGS TO NEW YORK VIA LOS ANGELES AND PANAMA
"STEEL DIRECTOR"
20th Nov
SAILINGS TO SAIGON, BANGKOK &
DJAKARTA (BATAVIA)
STERI SEAFARER"
"STEEL TRAVELER"
***STEEL, ROVER”
"STEEL ADMIRAL"
.2nd Nov.
19th Nov.
5th Dec
1st Jan
Saila N. Y.
Sails S.F. Salled
ARRIVALS FROM U.S.A.
STEEL SEAFARER”
"STEEL TRAVELER"
STEEL ROVER"
"STEEL ADMIRAL”
Balled Salled 27th Oct. 24th Nov.
Due fil ►
1st Nov. 28th Oct. 18th Noc. 13th Nov. 4th Dec. 9th Dec. 30th Dec.
GILMAN & CO., LTD.
Tel: 31146
Chinese Freight Agents:- HIN FAT & CO., LTD. Tel: 28323, 25553 & 23483.
SWEDISH EAST ASIA CO.LTD.
ARRIVALS FEÓM EUROPE
m.v. "BALI” in.v. "CEYLON"
12th Nov.
.4th Dec.
SAILINGS TO EUROPE
m.v. "TONGHAI"
m.v. "BALI”
m.v.. "CEYLON"
FOX
.31st Oct .29th Nov.
........end Dec.
ADEN, PORT SAID, GENDA, MARSEILLES, CASABLANCA ANTWERP, ROTTERDAM, BREMEN, HAMBURG, COPENHAGEN, OSLO & GOTHENBURG
Dreptanks available for Bulkw{T
GILMAN & CO., LTD.
Tel. 3114
SWEDISH EAST ASIA CO.,LTD.
TONGHAI"
Loading 30th October
Sailing 1st Novembor
for
ADEN, PORT SAID, GENÒA, MARSEILLES, CASABLANCA, ANTWERP, ROTTERDAM (AMSTERDAM), BREMEN, HAM- BURG, COPENHAGEN, US1O AND GOTHENBUBG.
GILMAN & CO., LTD.
FINANCE AND
COMMERCE
H.K. Stock Exchange
Under the influence of Utilities
PHILIPPINES BLAMED FOR ECONOMIC MESS
New York, October 26.
prices Benin hardened un the An economist who helped propore the unpublished
Stock Exchange yesterday and a fair turnover resulted,
Rubbers
too made a good showing with Butes up to $2 and Pahangs $1.25.
but Kednhs lost 50 cents to $7
and Rubber Trusts word slightly
Bell Mission report today blamed the Philip- ping Government for the "fearful economic mass” in which, be soid, the young Republic finds itself.
off at $3.25. The market closed Mr. E. M. Bernstein, Director of the International
steady and active,
HK Govt, Loane
4 N.
ako Lean (1848) 0746%).
Banka
IIK & Shanghai 1,402, 1,4508, 1,45041.
(Lou, New) £suận. Chartered. Matik 410 0/163, Mercantile ink A. & 14. £29. Iank of Earl Asia 1985.
Insurances
Canton tes, 2601.
Union 1 GHON.
Phles Underwriters. 8.00%.
Ik the Run, 15m.
Shipping
Douglaser 15UA.
Hỵ & Mucan Steamboxit in.
Indo Chiana (Pref.) 12%.
(Def.) 3.
Bhella (Bearer) 02/06.
Union Waterbomis 183ab,
Asia Nar. T
Monetary Funds Research Department, told the Far East America Council of Commerce
and Industry Incorporated:
"It is amazing what a fearful economic mess can arise from. failure to apply commonkonse to the financial problems of a country. The Philippines 15 now in the midst of such a mess."
Mr. Bernstein was lent by the. Fund to the US Government
W.
to help a inission heudet
Mr. Daniel by
Bell, banker oun
and former Under Secretary of the Treasury, survey the island Republic's economy. The sharply worded report, un-: odleial sources said, recommends drastle economic and fiscal res
Docks, Wharves, Godowns, Etc forms in the island. HK Wharven 9th, 944 01ma.
North Point Wharven B100.
Shanghat Hengkow Wharven £b. HK Dock 10.00h.
China Providents 12.50, Shanghai Dockyard 34, 8.00/4.-10. Wheelocks 254, 2514xa,
Mining
Bzub Mines 4.70m. MK Mines 011ón.
Lands, Hotels and Buildings HK & Hotelo .fub, 9, 6.90/DJEK.. 2013 Landa 12948.
Mughal Innda 114b, 1.701, 27500. Humphreyn 106, 10ya.
BK Realtio 2.30.
Chine Entates 119.
Public Utilities BK Tramways [1.10, 1420/30/40/30/
MR.
Peak Truma (DM) 22n.
(New) 30%. Star Ferrion 70124.
C. Lights:
(01dj 133⁄4b. 146, 34/13.90va, (New) Ub. 10, 10/2014/10/9.50an. IK Evetle 2016, 301, 2012/
Macao Electrion 198.
(New) 101⁄4án.
(Bonus 8h.) 10.. -Bandakan 1. n.
Telephones (011) 1156, 11ḥan.
(New) 10%
Shanghal G 14.
Industrials
Cali, Muer, (0xd) 22840. Canton lees 3.
Cement 13, 148, 14/18306," DK Ropes H..
Stores, Etc.
Dairy Forma 101) 14.009, 11.50%, 15km,
(New) 1b, 1312m, intake, Wabena 252, 25340, 164
1. Crawford 2th, 26an. Sincero ..
China Emporium Stjo, Non Co., Ltd. 1.70.
ANIME Big Hong 8&n. Wing On (IK)`230, Wm, Powell, Ltd, B.
Miscellaneous China Enterinioments "125áb. IK Construction (08) 210,
(Newp 1300, Vibro Pines 2in.
**
Marzman Investmente /-0. Marymon (RK) Th -Blancbal-Lonch --,700.
Shanghai Explor, 120m. Yangtzes.
Cottona
Evo b. 3.30k, 3.10um.
m.
Rubber, etc. Companies Alna Estates 184. Anglo-Dulch' „40b. Anglo-Javna „366. Masu Ananis 40b Hute Piontations 2b, 174m Cheapar Vulted 65b. Cheng Rubbera ább. Consolisted Rubbers 23. Dominion Rubbers 1h. "Java-Consolidated bin.
Kota Bahre 1.70b. *Keterock Juvaa Zida
Langkatech.
Indang itubbera „40b. Repah Rubber üb. Rubber Trusts 31%, 157, Bamngnya uļbers, Tib, Remambu Rubbers 80b. Shanuhat Kalahs 7/740 Kuusuthai-Blataşı 100.. Shangha! Pahang 120, 14. Shanghai Sumatera 1998, Sua Mangga 10. Bungel Purin 206. Tanah Meraha 1, 13 Tubong Rubbers 35h. Ziangba Hubbers .42b.
BUSINESS DONE
(* Direct. business) IK Bank 10 t $1,450. Wheelock 306 ne 82614. Wharf Co, 200 at 80119, 200 at 2014. Shanghat Dock 500 a $3.50, 500
$3.95, 1,100 at $4. nx & 8 Hestel 1,200 at 29,00, 1,000
Lal $0.10
Shanghai Land 109 at $134.
st
IR Tram 2,000 at 414.20, 1,500 t
$14,530, 2000, xt` #14.40, ·' §,100 $14.30, 600 $1416. 2001 $14.89,1 000 = 14361 1,000 at 8185.
China Light (Old) 500 at 314, 760 at 814, 1,090 of 14, 1.000 a $t, 2300 #2 4147 100 mL/X39,90. China Light (New) 1,824, an kid, 1990;
31014, 25.000 310%, 7800 $ $10, 1.000 m2, 410. 200 pt.310, 800
at $10, 460 mi 410, 360 *) KRA HK settle 1.600 $205,00
14035, C60 at 92034. 300
·000 at 329%, 500 #1 129%. Telephons (014) 500 m #1176, 509
$135.
Cement 1,100 at $14, 200 at #24, 8.000 at $134, 500 a $18.00, 1.000
Dalry Farm (Oldy 100, 15, 146
Last Thursday, President Tru- man indicated that publication of the report would be delayed the delinitely and might not be made
at all.
Mr. Bernstein, credited un offcially with writing most of the blunt-spokeh report, did not pull any punches in his speech at Waldorf Astoria meeting of the Council. He declared the Philip pine Government's failure in deal with urgent financial prob- lems made. that country's, econb- mie situation far worse than it really is.
Economic morass "It gives the impression," he sald, of an ineffectual
govern nient helpless in extricating itselt from an economic moross into which it has fallen because of Its own imorance or indifference. On these problems, at least, the Philippine Government can take prompt and effective action."
Transfer of funds from HK alleged
New York, October 25. The Newsweek, inagazine Chi- reported today "Many nere buginosamon in Hong Kong are trying to transfor Investment funds to Japan.
"The reafono are unensiness about Hong Kong's future, their confidence that the U.6. wil protect the Japanese In. dustry and higher Interest rate in Japan than in Amo- rica `Britain.” — United
or Press.
New York Stock Exchange
New York, October 25. For the third day in a rów, stock market action was ragged and inconclusive. Only a handful of issues changed" as much" as S
share. Losses outnumbered gains but only by a slim margin. Only three of the 16 most ic- tive issues were lower.
n
Corporation directors Indled out dividends with a lavish band and income statements corporation made rich reading but there was Only Imited response in the ex- change.
Traders have been treated to the same diet for days. Reports from Washington that legislative thought is turning against another excess proits tax were studied closely but without creating much excitement.
Tristers were 1,030,000 shares. Gainers included Murray Cor- poration. Curtis Publishing, Sel- berling Rubber, Emerson Radio, Armour, National Gypsum and Celotex.
Among the
stumblers
were
Money Market woolworth, Admiral Radio, Con-
US dollars took the up-grad yesterday, gaining finir polits ove The previous day.
Notes opened HK$6.33 and closed at $6.85 at the tifin Inter-
the afternoon val. In
the rate to $6.377 hut closed went up easier at 86.361.
opened at HK$6.30 and closed at $6,40% after it touched $0.41.
Industrial gold also went up. Opening at HK$292.25 a tnel 1. was up to $207 early in the after- sound development of Phi-noon but eased off to $29550 ht lippine economy does not involve the close. a vast increase in Investment. There his probably been too much Investment in pošt-war years. That is indicated by the inflated level of proẞts in the post-war years.
"What the Philippines · needs. Is not more investment, but in- vestment belter directed toward; increasing productive efficiency in agriculture and industry."
Low wages
To help develope Philippine economy Mr. Bernstein. re- commended Improved cultiva- tion methods, increared agricul-
fure
tion
Sterling opened at HK$16.14 and closed at $16.15.
Australian pounds were un- changed at HK$12.90.
Piastres continued nominal að HK$13 a 100.
Ticals were up 20 cent to HK$ 27.30
a '100.
NEI Guilders were unchanged at HK$4.80 a 100.
NEW ORLEANS COTTON
Dow Jonea
solidated Edison," Air Reduction, Dow Chemical and Gulf Oil,
averages: Stock 83.37; 20 Industrials 231.49: 5 Rails 80.00; 10 Utilities 40.07,
Cloring quotations: Adams Express Alaska Juneau American Can
18
Smelting Telephone, Tobacco Waterworks Anaconda Copper Aviation Corp. Baldwin Locomotive Bendix Aviation Bethlehem Steel Boeing Aircraft Borden Co. Canadian Pacific Case J. I. Chrysler
Colgate .....
General Electric
Goodrich
Motors
AMERICAN PRESIDENT. LINES
The Globul Fleet
51. George's Bldg.
Tel. 29172/3
TO HONOLULU & SAN FRANCISCO via JAPAN
Pres. Wilson
Pres. Cleveland
Arr Nov. 2 Ballp
3 Nov. Arr.
27 Nov.
Salls Nov. 26
TO SAN FRANCISCO & LOS ANGELES
via JAPAN.
Pros. McKinley Proc. Taft
Ar Nov. 6 Salle Nov Art. Nov. 13. Bella Nov.
TO NEW YORK, BALTIMORE & BOSTON
via PACIFIC COAST & PANAMA
Pres, Tyler Pree. Grant
Arr gct.
20 Salle Oct,
Art. Nov. 16 Galle Nov.
ROUND THE WORLD
VIA MANILA, BINGAPORE, COLOMBO, COGHIN BOMBAY, KARACHI, SUEZ. PORT SAID, ALEXANDRIA NAPLES, MARSEILLEB, GENOA, NEW YORK” an BOSTON
Willamette Victory Arr bet. 20 Balia Oct.
Pros. Johnaon
Arr. Nov. 16
Bally Nov.
BEND LINE
FAS LAST
ARRIVALS
FROM
23
10224 87% 152
SHIP "BENYORLICH"
U.K. via Bingapore
In
694
"BENMACDHUI”
31st
35
"BENALDER"
on or aft
14th
37.
"BENAVON"
1st
73h
“BENYENUE”,
14th
E
14.
"BENLAWERS"
fat,
4874
"BENMHOR"
10th.
M
$766
"BENATTOW"
17th
3674
"BENLOYAL"
23rd
50%
"BENCRUACHAN”.
29th
H
19%
SAILINGS
53
813
Loading on or
Commercial Solvent
20%
Corn Products
67%
"BENVORLICH" 1"BENWYVIS"
London, Antwerp, Rotterdam & Hamburg;
30°F
27th
Du Pont
"BENATTOW"
21at
Eastman Kodak
£63
"BENALDER"
49
"BENVENVE"
$15
London, Antwerp, Rotterdam, Hamburg. and Hull.
17th
17th
.112
Goodyear
603
"BENMHOR"
London, Antwerp,
141
Homestake Mining
3014
"BENLOMOND"
Rotterdam & Hull.
25t
International Harvester
3214
Paper
40%
Tel & Tel
134
"BENMACDнUT"
Liverpool, Glasgow, Dublin, Havre
3r
30.40-42
39.48-48.
43%
39.36---37, .38.91-92. 35.74-75.
Kennecolt Copper Montgomery Ward National Distillers
67%
04
"BENLOYAL"
Lead
-20%
52
Havre, Liverpool, Antwerp, Rotterdam & Hamburg.
300
New York Central
30.35.
1634
"BENAVON"
-Associated Press.
Packard Mɔtörs
33%
Pan American Airways
93
Pennsylvania RR
1934
•
17%
Remington Rand
14
433
35%
36
54.
532
25%
York Building.
24%
Oll of Calif. Oll of N. J. Studebaker Union Bagge
Carbide
70.
864
331
30%
48
50%
12.
103%
3346
New Orleans, October 25, Cetton futures closed unchanged Fields, adequate power, to $1.70 a bale higher. transportation and communica
December facilities and numerous March "small" Industries. He
also urged that "inequality in comes" be corrected. While huge profits had been made during the ges of most Philippine workers, were lower than in pre-war years.
post-war boom years
"The Philippine Government," Mr. Bernstein concluded, "cap and must take steps to give the people confidence in democratic government and in the orderly process of law. To do
this, there must be a genuine deter- mination to maintain honest and efficient administration, devated heartedly and exclusively to the interests of the Philippine people Government must act ini- mediately to place its finances on a sound basis, in order to prevent Inflation and to hyold any de Terloration in the real income of the poor."--Associated Press,
|
May
July
October Spot cotton unchanged. Middle
21
Johns Manville
CHICAGO GRAINS Radio Corp.
Republic Steel Reynolds Tobacco Schenley
Scars Roebuck Shelf Oil...
Chicago; October 25. Soybeans jumped 10 cents, the daily limit, in buying whipped up by demand for cash beans. The rest of the market was relafiyely | Socony Vacuum quiet, except for car. Whent Southern Pacific closed 1/4-5/8 higher.
Standard Brands
December $2.23 1/4-3/8; Murch $2.27.7/8-$228; May $2.20,
Corn was I to 1-174 hither. Oats were 1/8 to 1/2 higher. Rye was 1 to 1-1/2 higher.. Soybeans were 8-1/3 to 8-3/4 higher.—Associated Press.
Wool reserve for U.S.
+
Washington, October 25. | for military requirements and the The State Department an-Impact the demands are likely to nounced today that the United have in the world wool market. "The United States will, of course, States emergency reserve of obtain supplies from various raw wool needed, from Aus- | 12 tralia, New Zealand and South Africa would be 100,000,000 pounds. The three countries have agreed to supply that amount to the United States.
The system of pre-emption of enough wool to meet the emer- gency needs of the United States will be examined by missions to be went from Britain and the US. to those countries.
the three Southern Commonwealth Bources, but it was agreed that countries would immediately in- vestigate the practicability of in- troducing speelal measures to the provision of their insure agreed share of U.S. emergency reserves.
•
US Rubber
* Steel
Linca
Westinghouse
Bonds were unrrow..
curb gainers were Northrop Air craft, Waltham Watch. Brazilian Light, and International Pëtro- Icum--Associated Press,
"BINLAWERS"
"BENCRUACHAN"
& Rotterdam.
Liverpool, Glasgow, Dublin, Rotterdam & Antwerp.
*Accepts Cargo for Genoa, tAccopts Cargo for Havri Via Singapore, Colombo, Port Sudan, Aden, & Susz,
For Further, Pardilars, Apply To
W. R. LOXLEY & CO. (CHINA) LT
Agents
NOTICE TO CONSIGNEES
Consignees per
5.5. "BENVORLICH"
are hereby notified that their
Telephone: 341
NOTICE TO CONSIGN
Consignces Per
STATES STEAMSHIP. E
S.S. "COLORADO" cargo is being discharged into are heroby notlded that,
the
Youngstown Sheet & Tube 513
Hong Kong & Kowloon Gen. Pub. Utilities
Among where it will be at consignees Wharf & Godown Co's go 1834 Wharf & Godown Co's godown cargo is being discharged the Hongkong & ^ Koy risk and subject to the Wharf's where it will be at Cons terms and conditions of storage risk and subject to the Wi and where delivery may be terms and conditions of sto
btained.
and where delivery Damaged packages are to be obtained. left in the godowns. for ex- Damaged packages are t amination by Consignees and left in the godowns for ex the Company's surveyors, ination by Consignees and Murars.
LONDON STOCKS
London, October 25. The Linden Stock Exchange closed Irregular.
There was minor boom th sume Rhodesian copper mining share on reports that the com- headquarters to Thodesia, an coples wore transferride the
escape ins
Etitain's high taxa-
bugh webl to meet emergenes The pyolem of pre-emption of necus of the US, will be examin ed by missions to be sent tromvernment bonds and lending The State Department said that United States to the Souther
the United Kingdom, and the the United States does not infeud Cominotiwealth nations. But this to stockpile raw wool to infare pre-emption would not harm the the current auction system present auction system. purchasing wool
If a system cop be devised; to Australia, New Zealand andharura American nags, the three South Africo do not consider lie countries were said to be willing
location system Justified in tho
is, of course, no
industrials were slightly bit. There werp losses to to one point in Japanese bonds.
financial Times index 117.9. Associated Espss.
TEXTILE MARKET
Carinichnol & Clarke
ma
at 10 am, on October 30, 1950. Company's Surveyors, Me Carmichael & Clarke nt To comply with the General a.m. on October 30, 1950. Bonded Warehouse Regulations, consignees must have a Re
To comply with 'the Ge attendance Bonded Warehouse Regul venue Officer in
are examined. when damaged dutiable goods Consignees must have a venue Officer in attend when damaged dullabló & are examined.
No claims will be admitted after the goods have left the
No claims will be admi steamer's godowns, and all foods remaining undelivered after the goods have left after October 31, 1050, will steamer's godown, and all g remaining undelivered d 'be' subject, to rent.
October 31, 1950 will be's All claims against the jet to renter light of prought supplies to undertake it quickly., #Ther? A meeting of the three nations system of question of the auction being
New York, October 20
steamer must po presented to. All claims against the st wbol
The cotten itäxttio mihiket wit withhel
he Underalgned on or before London indicated that the mat from auction for
Undersigned: suppi, ¿problem, during must rear pores would be strictly limited it
on o print cloths, were: small and the will not, be recognised.
November 01080 of Dale Plant 2009 heck wall concern a particular reddunt. The United Sistas a popular
"number" solu thorities wish it to bờ knowki tho' lory buffé TUADO P
mill price o No Fire Insurance
will be will not bỏ recogalädd.
thw
Supplies for their smer Taling asking prices to cocted. kency reserve an woul for cur-Wales were seallerie, Witt buyer," rom military needa FO Phi
đi thi hội lucme much liferent fo
#ation $200-me #2535, 2,000 225, with":"British, representatives, in displaced." Any Mitary pur quilot dat alui. Resale offerings of November 14, 1950, or the mor must be presented to:
at $15.
Ewo, 1200 419 Humphres 200 AN EN71, 2000
Trúnta 1,050 at 1815,71,000" at 1475,
of groantities and types, jupenda ty, ungy kedas
: 'Shailgħal, Kedplu: 71,040, uk. $145, 1,000 merino wool medium; they do not intend to stockpil Prat cónts by YUNAANZUIDA
Naw) 1,900, mi
*rlo, principal requirements for
Thara, Thapters lappens to fan
It was estimated that the Com buying goods on a Toxword basis. nonwohlth countries share of the hat wool Ruoda mahkota U.S. emergency Serve would stondynga P not exceed $100,000,000 pounds, AYUN United® Press
R. LOXLEY & do (CHINA), LTD., Agenti”
October 28, 1980,
No firm insurance wil effected,
DODWELL & CO
Age
Hong Kong Octob
Page 10Page 11
THE CHINA · MA