1947-05-19 — Page 8

JAVA-CHINA-JAPAN LIJN N.V.

King's Building, Connaught Road,

Tel: Shipping Dept. 28010. I-assage Dept, 28017. Chines Agents, Connaught Rond, . No. 82, Tol, 20188.

Hhip

4. "TJISADANE"

1. "THBADAK"

Akip

18. "EJITJALENGKA“

der from Macaenar/Buurabaya/ Bemarer/Batavia,

22 May.

Kabe/Manila/Amer.

24th May.

don from

Java porta, na or about 10th June,

Ballinr f

Amor Bhatkal

24th May.

Singapore, atavis, Dematau, Butrabayn, Marniaky, 25th May.

Big for Amy & hanglæt, an or abuul 12th June

ROYAL PACKET NAVIGATION CO., LTD. (ORIENT JAVA AFRICA LINE).

m.8. "TEGELBERG”

day from

Bhanehal 24th May.

miling for

Landine for Ranth Alries and Bautis

Amet jen 24th

(DELI-STRAITS-CHINA LINE)

Ruly

1994 "YAN HEUTS

Ship

.. JIBADAR"

Ship

m.s. "ROPERIDGE"

Any Swatow,

Halling for

Bingapore, Penang Belawan Bell

true from

In May,

zu May.

4ur Iram

Marlin & A07.

With May.

Halling for Ilusenpore, Intavia, Bemarang, Bowralaya, Macnaur, 26th May,

SILVER LINE LTD.

die frem

New York, R. Francisco Vancouver, un be

All Bed June

Balling for

Tenens, Singapore, U.S. Allante parts via Buck,

HOLLAND-EAST ASIA LINE

Hhip

8.9. "LORENTZ"

Inn fram

Angl

260) Huy

Suitable range tanks for bulk oil.

"SEMON STEVIN"

Ниторе

rpu May

Loading for Manila/Bingapore/

Colombo/Hurs/Port Dald/ Cenon/Maren/ Antwern/Bullerdam/ Amsterdam/Hambura/ Copenhagen Gothen

kurt 26th May.

Londling for Merlin/logspace/ Colombo Barz/Port Bald Getion/Maravilles! Antwerp, Buttendris/ Amulardan Bumbunt/

Copenhagen/inthen- burg/Tales.

Mil June.

THE EAST ASIATIC CO., LTD.

of Copenhagen

M.S. "MANCHURIA"

Now loading for

ADEN, PORT SAID. GENOA, ANTWERP,

ROTTERDAM, COPENHAGEN, GOTHENBURG & OSLO

Tunks available suitable for the carriage of uit in bulk.

For further particulars apply to: THE EAST ASIATIC CO., LTD. Queen's Bldg., 2nd floor.

Tel. 34111 & 34112.

Peninsular & Oriental S. N. Co.

SHIP

"TREVELYAN"

"DUNERA"

"TREVETHOE"

"EMPRESS OF

SCOTLAND"

"TREVAYLOR"

ARRIVALS

FROM

U.K. Genoa, Bombay, Colombo & Straits

U.K., Colombo

& Straits

1.K., Genus, Bombay. Colombo

& Straite

U.K. & Straits

U.K., Genoa, Bombay, Colombo

& Straita

SAILINGS

TO

•

DUE

26th May

4th June

June

23rd June

July

THE CHINA MAIL, MONDAY, MAY 19,. 1047.,

STOCKS IN THE DOLDRUMS

N.Y. Stock Market

New York, May 17.

A few inchet lendern tende a fechta market try for 'recovery on the stock

although Many les Fontinued their retreat t new lows for the fanxer.

The fine lackened after en citie mening but drelines of fractions to

1 point or more held a wide majority DMT

Bral hour.

were

For Tirte

moviest Advanced

Com Aluminum, Cruchi Bleel, Robu mollated, Kalleon, Onkon Carbide, Texa Company and Warner Brothers.

Este furtaded 'All Chemben), Norfolk and Western, Dates Aircraft, 11.6. Gypaum, Lockheed, Glenn, Martin, Dow Chemient. Internationat Paper.

Sellon was attributed maluly to grow. +1: Appren

possible on. stantial lawhneen recenston Inter this yens. tejudmi (12

quinting fant.re Paketit deliriz V<? woge prier biens, Tobeer Jettefesion, tax režies and someten

Tairs,

Aver

Lack Of Interest

In Wall Street

New York, May 18. Reluctance of the Investing public to be tempted by the combination of current stock prices and high dividends is still one of Wall Street's most painful headaches.

common

Boycott Of Dutch Shipping

Batavin, May 17. -

AMERICAN PRESIDENT LINES.

REFRIGERATION-SPECIAL CARGO OIL TANKS-

CARGOCAIRE-SPECIE

SAILINGS

SAN FRANCISCO AND LOS ANGELES - VIA SHANGHAI, KOBĖ, YOKOHAMA &

HONOLULU

n

This very the

An extension of the Australia ss "General Melga""*

of Dutch watersiders boycott

SS "General Gordon" shipping, to worldwide

one cou'd only be to the disadvantage SS, "Marine Lynx"

Mr. Indonesian people, the Kupers, one of the representa-

Juno June.

13

21

July

112

PACIFIC COAST VIA MANILA

May

10

"

S8

NEW YORK AND BOSTON VIA SAN FRANCISCO AND LOS ANGELES Skidinore, Victory"

May

19

SS

Enne Victory"

Juna

"Rutland Victory"

"Willamette Victory"

July

August

NEW YORK AND HAVANA VIA MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAY, SUEZ AND MEDITERRANEAN PORTS 98 "President Polk" SS "Willis Vickery"

May

Juno

30 7

MANILA

Brokers complain that inves-; are gaugen tofthat belief. agnifies a tora

are ignoring scores of viewpoint

#locks which

element have favourable

in

lives of the joint Federation of SS. "President Grant" dropped in market price to a economie looking ginas.

Trade, Uniaus attending" thé In- point where the dividend re-

Danger Signs

donesian Trade Union Congress turn at the current rate is re-

Prices at all levels of the at Palang, sald today. Tho mar American latively attractive.

structure business

Mr. Kupers was commenting on ket for months has ignored are probably causing as much the statement of Mr. 11. T. Camp- good news with almost mono-

concern as anything else, many bell, the Indonesian Trade Com:55 tonous persistence.

will missioner, for Austraila, that the observers say, Industry Brilliant earnings statements, favourable labour

develop ments,

of prospects ther cuts; high production and Stocks 47.17: Industrials at: 1employment and record con- Bumer income have done little to encourage public demand for stocka.

Total transfers wete PH,000 les The Bow June Averoam

Roll 41.20:16 RIFLESen 37.68.

minutilem Alma Ext 13. Alaska Jnext

ARIL. 4. American

Americen Halting 454 American Telephone 155, American Tukser 54. American Water.

324. works 129. Averanda Copper

motive 174. Barondal 21%. Bendr Aslation 29, Bethickem Bteel 73, Borlest Co 4014. Cans- Alteraft 14%. Borden

Parifle

29. ... CA Chrysler 244, Colgate 174. Commercial Solvents 214. Corn Producla ca's. thupont 172. Eastman Kodak 44, Elm.

fur.

be squeezed between rising Australian Union was planning to coata for labour and materials extend the baycutt until-what he and declining anics because of called the Dutch blockade of R too high prices or buyer resist pubilean Indonesia was lifted

Other danger signs are acen in the relatively high propor- on of consumer income' which

ance.

the

Such a decision would increnss the flealties in Indonesin, Mr. Kubers said.

the

Juno

AMERICAN PRESIDENT LINES, LTD. St. George's Bldg.

An opinion was expressed that i Near Lowest

has been eaten up by retail the Australian plans for extun- Stock prices today are on the sales, the tremendous expansion of the boyent should be sub- SS "General Melge" Aviation Corporations. Haldwin Lucas average within shooting dis- sion inventories have undergone mitted to the World Federation

of Trade Unions. tance of the lowest gare since since

end of the war, a One of the delegates 10 March, 1945. The yield offer- startling increase in consumer Congress told 800 ather Indone ed by any given stock is based credit outstanding and slacken-sian delegates that Dutch troop on the market price relative to ing of consumer apving,

must leave Indonesia as soon as the dividend rate. A stock) Another explanation for the possible.

to buy A representative of the Nether- selling at $100 for instance and refund of the public

Trade of

Unions paying US$4.00 annually in stocka in found in the theory lands Union dividends would offer a yield that hundreds of small inves- warned the Congress against gen- timental decisions which might of four percent. That selling tors believe it desirable to lend to colonial war in Intonesia.

$50, paying the same maintain their financial affairs Sscialists in

pre- is as liquid a condition as possi-pence and operation

trie Light & Power 12, tieneral Electris 3. Komen Bitarn $2%, Goodrich Elise Mirint 4%, Internatiugal Hars

All Amalyanr 45%, Greyhound 27,

venter 19, 19ternational Paper 1912. The seration) Thi Tel 9. John Mat

KOREOTY

1

with 169, Kenrott Dapper 41, Mant- US$4.00 dividend would

Word 19%, National D'siliers

vide an eight per cent yiekt. Natural Lend 2614, New York

General Motors common Cendent 12, Parkaeda Mature 8. Pan

stock now in selling at about $56.00. A total of $3.50 a share in dividends will be paid this year, according to an ess timate by a Stock

Exchange firm.

Anerhan Airwara DTS. Peonylvania 2 1 Radio Corpstration 3%, Real Bik 9. Repulite Sied 29, Reynolds Tobae * 34%, Belineley 2314, Sears Roebuck 21. do 10%. Horny Vacuum 14%. Sothern Pacile 365 Handard Hranicke 2. Anndurð Oll of Cal, 531⁄4. Sta and of N, J., Must-bøker 10%, Bukan Dave 26. Valon Carlile 95, 1 Butiboere 43, 15.8, Meel 63%, 0.8, Lim 1 Westrop Prestamen 2216. Youngstown He&tu 24%. Anelated rese.

BOMBAY SILVER

& GOLD

Bombay, Mar 17. Siver, Rendr. per 100 tolas 162 Rup998, settlement) 04 Forward (May

anustel, Gold, Deilvery, her Calle 100,

UN, Forwan May ngoted; Savereign, ench anquoted; Bilver, New Bottlement iamfletalj ongstoked.--İletiler,

ALEXANDRIA BULLION

General Motorá common stock at the 1947 high price of around US$66 had indicated al

vield on the same basis of 3.5

per cent.

ble.-Associated Press,

Hotland

wanted!

again in

Indonesia-Reator.

Towards Economic Stability

Washington, May 18. Secretary of State George C. Marshall today urg

ed agreement on a charter for the proposed international trade organisation as a "greut step toward economic stability and the coni- mon security."

Tel. Nos. 28172/28175

1

Pacific Far East Line, hus.

*a.s. "DREW

TRANS PACIFIC SAILINGS To San Francisco & Los Angeles

-SPECIAL CARGO OIL TANKS

Dite

Sails

VICTORY"

May 13

31

June

May 10

31 June 4

,, 13

June 14

Direct

#. "CONTEST" 3.8, "MIDNIGHT” 1.8. "PLYING

DRAGON"

"Accepts cargo for Saigon.

via Saigon & Yokohama direct

Via okohama

American Pioneer Line

Duo

No Buying Rush Kennecolt Copper Corp. now

Arrivals from New York, Boston, priced around US$44.00 a share

Other Atlantic Ports vla Panama will pay US$3.80 cents this year

1.8. "RESOLUTE" in dividends. That would yield "Economic conflict and trade for the projected world trade 88. "COURSER" about 8.7 per cent. At its wars," Marshall said, "invari- organisation. Marshall said suz-.ss. "AMERICAN FLYER" 1947 high of US$62.50 centa ́ably got the stage for political cens would depend apon co- the indicated yield was around

operation of all the 18 trading 7.4 per cent.

nations represented.

The list of stocks which have declined in price and for which the indicated yield has gone up in recent months would take in Alexandria, May 17,

almost every insure traded, Yet Cold, her "rem" 114 plastron, Beyption and 4th, Sovereign 480, Tur- there has been na rush to buy

luh pound 230.

350, Duttar any issue with a promise Napoleon

of talece dle Cinu) 450, Silver (pipotres) such return,

er Kilantro x60,--Renter.

ZURICH FOREIGN

The answer lies in the word "promise." Investors apparent ly do not believe industry will be able to maintain high divi- dend rates. Lower stock prices

disunity."

Marshall's statement was for the opening of World Trade Week. He termed its keynote, "Work Trade and the United Nations," particularly appro- priute for a time when the need for unity among the peo- ples is more vital than

ever before in history."

Although the United States took the lead in bringing about the current international effort at Geneva to lower trade bar- rlers and agree on a final draft

Talks Started

May 20th 20th

June 9th.

Sailings to New York, Boston, Other Atlantic Ports via Panama Canal-

-SPÉCIAL CARGO OIL TANKS —

The State Department simul- taneously published a report sa. "RESOLUTE" from Geneva which said the 8.4. "COURSER" United States had opened nexo- tlations with 10 of the 15 coun- tries with which trade talks, were originally scheduled.

88. "AMERICAN FLYER"

By the end of Blay it expects 100 separate negotiations to be in progress between pairs of

represented Geneva.-Associated Press.

Geneva Talks

countries EXCHANGES

Zurich May 17. Zurich an London 17.15, New York 430, l'aria 3.02. [truela 9.87 12. Amsterdam 142,50, Lisbon 14.63, luen Alves 105.00, Stockholm 110.2. Madril 30.75.--Houter.

MEXICAN

EXCHANGE RATES

Mexico City, May 17.

T. T. Maker City ou Londen Hayers

1,956, Bellera 1,000: New York 445,, (801) Paris 425: Zurich 115: Hongkong 1286;) Bumbay unqual-d.-Iteuter,

ARGENTINE GOLD

Buenos Aires, May 17. Suverelen, bugets $7.80, eller 65.6: U.. $20 Engie, buyerA 113.00, Mežek• 112.56: Gold, Bar, Gramme, buyers 6.25. sellern Ban-Beuler,

READY

U.K.

26th May'

13

Strálta & U.K.

End May

· Straits. & U.K.

Juna

16

SHIP

"DILWARA"

(Passengers only)

"SAMSOARING" "TREVELYAN"

British India S. N. Co., Ltd.

SHIP-

ARRIVALS

FROM

DUE

[[22]

23rd May

"EMPIRE NIGHTINGAĻE” Jangoon

Eastern & Australian S. S. Co., Ltd.

ARRIVALS

SHIP

FROM

DUE

EMPIRE ATHELSTAN”, "EASTERN".

Sydney, & Brisbang Australia & Manisa SAILINGS

Discharging End May

SHIP

"NELLORE!-

*EASTERN"

READY

Australia via Sandakan - 2nd June YÖRRACH

Early June (Japan)

MACKINNON, M.

KENZIE & CO.

Teleph

Britain Seeking A New Loan

Harvey

London, May 17.

Soils

May 23rd

19

H

May 27th June 11th

For Full Particulars Call

UNITED STATES LINES CO.

General Agents

at

314, Queen's Building.

ad-

Geneva, May 17. Fifty-five. British and Com- nonwealth delegates and viners for the past 11 days have "hed their own" dally discussions on the draft · charter of the proposed International Trade organisation, before it is taken

Tel. 31251 (3 lines)

The SWEDISH EAST ASIATIC Co., Ltd.

OUTWARDS TO SHANGHAI

In Port

up again by the United Nations 3.V. MANGALORE Trade and Employment Pro.

HOMEWARDS TO EUROPE, paratory Committee.

Sir Harold Wilson, British M.V. HAINAN

loading Hong Kong early June Secretary for Overseas Trade,

Tanks available suitable for the carriage of oil in buik. LOADING FOR

Air Commodore A. V. Harvey, Conservative M.P., said in a speech at Suddon last night that he had heard that the Government already has named delegates to go to the United States in the late autumn to seek a new loan. "That Is not just House of Washington may make us a has presided over thego, talka Commons gossip,"

gift. If not it seems that what since his arrival' In Geneva last unid.

the Treasury have in mind is] Tuesday.—Reuter, .............. a new loan for about 41,000,-| 000,000-this time without any

Geneva, May 18. strings and at a lower rate of William L. Clayton, Unked interest than the current loan. States Under Secretary of State, "It would be repaid over 60 sold on the eve of his departure years, the first instalment when for Washington that he was very the present loan has been paid satisfied with the way the trade off in 2001. Washington is be-negotiations are going on."Ąžu Ileved to have hinted that Ame-sociated Press.

The Evening Standard anld,

A BRITISH CROSS WORD PUZZLE

Clues Acróst 1. Strain: 10. Change 7. Enthusiasm, position." 9. Binding 19. Transistor. ponatrip, do 12. Trampled. 10. Dosled with 24. Oil-pro- ty, bxpectation," facing frúlti

11. Past

26. Accustom. 13. Performed · 20. Cujah!*

"schedule" often advance. Artworks. 27. Exciting

10. Nant

Saturday's Crossword

7

18

10

!!

[12

2

rica is willing to help us out

of our difficulties."

Britain "Already has with-

drawn $1,750,000,000 of the

$3,376,000,000. dollar

granted låst July.

foan

Very Satisfied

COLOMBO TRAM STRIKE

Colombo, May 18.. The city's tramway system

The loan originally, was eal was paralyzed today by a strike culated to last until Dec. 31 of 4,500 munleipat workers; 1961-when repayment is to who demanded a 50 percent

PORT SAID, GENOA, MARSEILLES, ANTWERP ROTTERDAM, COPENHAGEN, OSLO AND GOTHENBURG. For further particulars apply. tai-

GILMAN & CO., LTD.

Agents, Telephone-31140.

KLAVENESS LINE

Direct to LOS ANGELES, SAN FRANCISCO, PORTLAND, VANCOUVER & SEATTLE. SAILINGS

begin but at the present rate wage increase, better housing m.s. CASTLEVILLE of expenditure it will be ox- and the appointnient of a wel-ma. GRANVILLE hadsted sometime in the latter fare, officer.

half of 1948.

The strike of 4,000 clerical, Political and financial quar-workers

me. GRANVILLE and Inbourers of ters have blamed soaring prices Colombo, Kandy and Galle con

MAR 000,000,000 would have

Clues Down

2. Military UNIL

en de Barang

18. Blopes,

B. Kõen, 19, Berid, :

4. Touching ex- 14. Revising..

tab) lahmout.. 17 Flower,

·B. Näwäpäpar 18. Fault,

mah.

20. Former

21. Peer.

through

23. Apartment.

In the United States for the

tinued Associated Press. larger than anticipated with- drawal. It had been thought at the time of ratification of

CHICAGO GRAINS 'the agreement that only $1,-|

Chicago, May, 17. boen Grains moved ahead in a stron spent by this June 30. The and active market aided by figure probably will be closer to favourable weather for seedling $1,950,000,000.

feed graffis" and reports that- Ulici With most economic expertes intensifying. Wheat cloned

drought in Southeastern Eurona agreed that Britain cannot ex-lower to 8 higher.. pect to bugin.to pay her own. May $2,69%-270, July 2.29- way again for another two 2,294, September 2.10%-2.23. years, another loan appeared to Corn 23 to 4 cents lilgher, Däts be the only alternative to dis-'1' to '.1% higher-Associated noter United, Proup,

N.Y. COTTON

New York, May 17, Cotton futures rallied into now Mgch Fround for the day at the Lipsa on a flurry of mill buying 91: End1928. Odebri 34. Notion; which made a scarcity of offerings.

25. Cruder 20 Finyod

Ordgaly

Press,

SHIP MOVEMENTS

Ban Fráfieldco, Díny (18.) Sitip movements: Tho Augut, tino Daly, arrived from Batanga

Associated Press. pla

Mom ALL T

100 Total 1.81

oral france,

and clored at 89: coats to $1.00

·1-U.8. Dollar (Dunktetés) (19.80 brunetas) Remember De- bale hiyo

UE. Dla (Remli) 10.03;22) Tina). Dizainsetiver: d. rauly 230,39.98 October: 2937-49. | Starifna 7 (thedium):310,16,2%), Berku Faua;* 12-moribunds | December 88,30-40j karshil 28.07, ([hanknoted); High, 1. Bovaryben: 147.90,111

Frunzel 14600, Middling | San Franskak, 19. Monde - 123/09 -

ARRIVALS

PASSENGER ACCOMMODATION.

Chinese Fraight. Agents. HOO FOOK PING

THE BANK LINË (China) Ltd.

SAILING 3rd JUNE

SAILING 6th JULY ·

DUE 1st JUNE

BULK OIL TANKS.

Apply

THE BANK LINE ''(CHINA) `LTD.

King's Bullding. Tel. 27792-

DOUGLAS STEAMSHIP CO., LTD.

2.S. “HAIYANG

Sails for Swatow

on or about 20th May Subject to alteration wollious Notice,

For Particulars of Freight & Passage, Please apply

DOUGLAS LAPRAIK & CO,

"Ciengras stanagers.

P. & 0. Building, 6th floor. Tel. No. 11281

CHINESE SHIPPING DEPT.

20 Connaught Road, Conszalt «TaNDO RIOUS