1948-06-19 — Page 12

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THE CHINA MAIL, SATURDAY, JUNE 19, 1949.

ROYAL INTEROCEAN LINES

Incorporated in the Netherlands as

- KONINKLIJKE JAJA-CHINA-PAKETVAART LIJNEN NOV. AMSTERDAM A

JAVA-CHINA-JAPAN SERVICE

"TJIBADAK"

Arrivals from Amoy 21st June

**TJITJALENGKA” from Murassair

"TJISADANE"

& Java Ports 22ad June.

fan Macassar

de Javaports 4th July

Sallings

to Javaports

& Macassar,

23rd Jung

to Java Ports

& Mincassur

7th July.

to. Juvaports

A Marassar 21st July,

ASIA-AFRICA-SOUTIĮ, AMERICA SERVICE·

"TEGELBERG”

"RUYS"

'Arrivals

from

South America,

South Africa,

25th June

from

South Afrien South America

"STRAAT MALAKKA"

end July

fron

South Africa 15th August

Sallings

to Shanghai

& Japan...

28th June

to South Africa,

Sth America,

12th July.

to South Africa

South America

Mid August

to South Africa & South Amerten vla Mandia Strats & Batavau 24th Sept.

Translipment cargo on through Bs/L to Dar-Ex-Salaam,

Mombasa, Zanzibar accepted on all nailings, SUMATRA-MALAYA-CHINA SERVICE

"VAN HEUTSZ”

HEINRICH JESSEN"

Arrivals

Bailings

-St. part

to Straits &

B. Deli

from Amoy *

A Swałow

• 1700 đane

8th July

-to-sitralls

K

19 June

Agents: HOLLAND-EAST ASIA LINE

"MARIERERK"

“MOLENKERCH"

fest 481 122 latilk

Tanks Avantable

"MEEPKERK”

Arrivals

from Japan & Shanghai 49th June

from Europe. 24th June

End July

Sailings

to Europe vlon Straits

FINANCE

AND COMMERCE

BULK BUYING OF COTTON Government Policy Attacked In House Industry Founded "On Quicksands" Stock

London Stock Exchange

OTH

Landon,-Jun-17,

The triku rt London duch Workers antiplest with

uneasiness regspillet The troubled Malayan albumikan hænight zenewel duilares to the stuck market twiny.

was on

Bellites of industrial abazya vanit proje brut whenitent, Jam rouged from de to 17- ever A wids Hat

af stocks, Store where were pioularly dull with John Backer 2/4 Power at 90/6, Teds were Zentrally 1/32 lower. The ull market was aben in doldrums.

The elitevigrad T

树脂 Jeregular,

Those larues Dinllest with lowpes of 1/1

but subangjumitly showed some improve men on reinvestment, proceeds of anten]

in whes sections.

Kafira recatdes declines, Landun sel| fruz was followed by Johannesburg offer tnxe. Bireness Jaxstes improved. the Barma's Foreign Minister statement by

30 the effect that there

DIL

Bu switch

of Durmiše policy" toward-iturria: —

BECURITIES›

British Commits, 2łyta

| Conversion Loan, 3999, 1941,

Freeling Lawn, 46, 180/90

War Loan, %, INGE

war Loun,

7415

19544/10 TITL

3 Tá

104%

Victury Boards, 4%

114%

Kruh Transport, 34%

a

3th June,

INDUSTRIALS:

Portland Cement

71/9

Carreras Ltd, "A" url.

vin Straits,

14. & P. Cunts, ord.

01/714

patiblers Co., He,

20/%

26th July

Dunlop Rubber Cu, art

GP/G

| Ford Motor Go, and,

to Europe

End August

Transhipment cargo on through Its/I accepted to

Mediterranean and Northern European porta.

Agents: SILVER LINE LTD.

"SILVERBRIAR"

Arrivals

Imperial Choteal

impecial Tubsecon

Blacks & Spenser, ord.

|Standları Mufrate, urd,

Vickers Jij. ord.

| Woolworth "iP,W.) Co., ord,

-13/10

40/245

4773

0-16/34

$6/. 25/1/

19/3

MINK BHARES:

Bupora

Corp.

Crown Miam

7/ 136

Sallingo

Nundydroog Minos

12/11

from U.S.

to U.S.

Star

Mi

14

Aflantie Ports, Are June

You Shanghat Bath June

Sub Nuri

4%

1ton torperations.

200/-

DIL BHARES:

Augl-leanian Oll Co.

112/

Altura 4311

20/3

Hurt (HE

Ca

65/TV

Mexicu Parls On'Ce.

14/2

Trladdad Lenschuhl sltd.

Etugal floteh Ci

ZEM

-16/10

Venezuelan 4351

112/0

POREIGN BONDS:

German Loan

Bowen) 7%

5

Japane » 5%. 1907/47

Zu

Juoduise B. 1024/30

20

Office Address: King's Bunding, Phones: 28016 & 28017

DE LA RAMA LINES

4

EXPRESS CARGO LINER SERVICES

TO AND FROM PACIFIC & ATLANTIC COASTS

LOADING-DATES. IN U.S.A..

Atlantic Coast

Los Angelem

From

Atlantic Coast

Los Angeles

L

For

Atlantic Coas

TIA

Los Angeles

Atlantic Coast via }

San Franeisen

-&-Los-Angeles)

Balc

Early, July Late July

ARRIVALS

·Date-·

To port

Alisi, July

Mid. August

SAILINGS

Date

2nd June Alid, July

30th June

“Vessel

m.y. "TONGHAI" m.v. "MINDORO"

-Vessel

KA. "DONA AURORA” 1.v. "DONA NAT?"

m.v. "DONA ANICETA"

Vessel

9.5, "DONA AURORA' m.v. "DONA "NATI"

my. "HALLAND"

BOOKING AGENTS for P.A.L.

THE DE LA RAMA STEAMSHIP.CO., INC.

(Incorporated in the Philippines)

MARINA HOUSE

Tels. 28676-22676

CHINESE SHIPPING OFFICE Tels. 28788–20153

V.M. HAMMOND

& CO.

S.S. “HEATHER" SAILING 21ST JUNE FOR CEBU FOR FREIGHT FROM P.I. TO MALAYA

UNION BLDG. 4TH FLOOR

APPLY

CHINA MERCHANTS S.N.

15 Connaught Road West.--

Shell Tapet

Jap. &. Stanchurian Wy. 5%. 1033.....24........

BANKS:

flung Kong 4 Shanghai Bank 120-15/10 Mercantile aisle ed india "A" 24 OIL:

Anali-American Corporation, IBIZA Beliźnie Burman Petroleum. Beltiel Borneo Petroleum .... -Ruler

42/8

Treasury Explodes A Rumour

Washington, June 17.

A high Treasury official said today that the United States is not coining silver coina for China."

Thus another rumour amorig the many that China is allempt-i ing to achieve a sliver balls for i its_currency seemingly exploded. Other authoritative sources said Chinese reports that Nan- king oMelals are here seeking to: negotiate a currency reform pact,;

chnos ing substance."

London, June 17..

The Government's policy of bulk buying of cotton came under heavy fire from the Opposition in the House of Commons tonight.

Mr. Oliver Lyttelton, wartime Minister of Produc-

Hong Kong

Exchange

It has been an Irregular market durim

le uncertain. Inclining to winkness. "B

tion and the chief Opposition speaker, said the week, and the andertone at the stom that under this system, cotton prices had al-Peartes", which have had a rise of in ready risen by more than 100 per cent in fourts, and China Entertainmenta, Des months.

How could an export in- be founded on such dustry "shifting quicksands" as this?

He warned the Government that if it had not hedged against any of its bull positions

cotton, the losses,

in

when prices turned downwards, would wipe out any adventiti- ous gains that had come to the Cotton Commission which did the buying.

NY Stock Market

New York, June 18, Closing alock quotallanet Adams Ex pr 21%. Alaska Junveu 544, American Can 87%. American Ameling lu Americno Telephone 155%, Amerient Tabacco.57%. American Waterworks 12 Anaconda Copper 30%. Aviation Cor * Baldwin: Locomotive 1832, Tarnedali 44%.

hellor Bendis Aviation 56, which made the world price, itel 37. wing Aircraft 284, Border Ch. 4, Canadian Paciße 18%, 34, Can was now New York.

49%, Chrysler '04%, Colgate 41. Com-

Thero would be a "formidable" loss of taxpayers money as well. Mr. Lyttelton asserted that whereas previously it was the Liverpool

Exchange Cotton

Now, when the sellers market was beginning to fade and buyers market' was likely to Government sil- supervene, the

fowed the price of cotton to rise until it had erossed the price at which foreign competitors Liverpool spinners could buy their raw materials,

Puro Guesswork

Any attempt to produce "a eloth at a price" must be pure guess work. The idea that bulk purchases made for stability had been pubilely demonstrated to be "utterly false."

Another

Conservative Mem.

mercial Solvent 27, Corn Products 84%. Dupent 1G, Eastman Kodak 48. Elre. tre 'Light & Power 24%. General Electric 415%. General Motors 84, Goodrich 60

t

As

dyer 44, Horsestake Mining 17%, International Harvestas 15 by Inter Donlonet Paper 01 International Tournament Tel, 14. Johns Manville 414, Krane

Copper 591⁄4,

Kentromery Ward National Dist||lers 20, Nallont Den 37%, New York Centrāl 10. Packard Motors B, Fan-American Ale ware 10%. Pentazivania HR 20%. Raffle | Corp. in. Republic Boel 3⁄4, Reynaldə Tobacco 874, Behealry 804, Brate Rex buck 41, Shell ou 46%, Barony Varnum ea, Southern Preife 19%, Standard

Brande 28%, Standard Oil of Calif, T2 14. Standard) of NJ. 90%. Studebaker

2%, Union Bag 37%, Union Carbi

4.8.

32.

ber of Parliament, Mr. Watter 42%. U.. Rubber 47, U., Steel RL,

Westinghouse Lines 11%. Fletcher, sald that bulk buying Youngstown Bisert & Tube 15, Gen. falled because everyone could

com-

sat the single bulk buyer com Pub. Utilities 14%.Aunciated Press, Ing-ho was like an elephant. Lancashire was being driven into an ever-narrowing band of manufacture "and we shall not be able to compete with labour conditions in India and Japan."

No Hedging

-Mr-Herold Wilson, the Presi-

RICE SOARING

-IN SWATOW

Canton, June 17.

The price of rice in Swalow

dent of the Board of Trade, sald has touched CN$13 million a

If the Governmcht had tried to picul.

meet the "cataclysmic" world conditions with any other system

Fortunately,

the rationing

but bulk purchase, the Lenca-scheme went into effect on June. shire cotton industry would have 11, with the Government selling been in ∙tion.

in a very much graver post- at CN$8 million a picul,

polite, 2 the exceptione. ILK, GOVT, LUANBI

4% 1 futb

on 14984) foln, 3% Loan (1948) 101n. ПАМИЯ

H.K. a. 1ank 21305, 21obe,

(Lin. Reg.) £123-14/10m, Chartered fimuk 11. Mercantile Bank A. £22%. Bank of East Asla 102n.

INSURANCER (

Cantor Ins. 100

Union Ine, 776b. TANK,

Chlox Underwalters 76, 7.000. H.K. Fire Ine. 295%. SHIPPING:

Douglas 2270.

H.K..4 M. Strambonte 155.

Inks China Def.) Dân; (Del.) 284. Khelle Wegrer) 189′DI:" U. Waterlonta 37.

DOCKS, WBARVES, GODQWNS, ETC. H.K. & K. Wharven 1035 160m, 356u«,

(N) (1, 1) 100.

H.K. Docks 315, 37x. China Providente 28», 231. Shanghal Dockyatda 221⁄4n, MINING:

Raub Mines 6.70.

H.K, Mines 0554.

LANDA, HOTELA A OLDGA..

11. R. luteta 174, 175, 2716mm.

R.K. Latul 12, 23.

Shanghal Lande be

iumphreys Estate 230,

I.K, Realties 18h.

Chine etates toon, PUBLIC UTILITIES,

1.K, Tramways 283⁄41⁄4b, 28», 25%%/%

Peak Trama (0%) 221⁄2 #1 (New) 148, Biar Ferries 1968, 149, 140/5Dum,

* C. 13 km 10} tab, 2m 24h M X.D. (New 20b, 20% X.19. 1.K. Electrics 475, 47, 47 1⁄2 ma. Macau Electrice 20.

Sandakan Light 1414b.

Telephones 14%, 4560,

INDUSTRIALS:

Cal. Macg. (Dr.) 24.

Chaton em Tn.

Cements 476, 488, 47/47% 1.

H.K. pes (2%).

STORES &0.9

Dairy Farms (0191 54146, Sum

(New) 51%.

Watenna (Old) avtab, entén, 13/2014 wa

ாட்

[New] $7%, Nina,

Lane, Crawlorin 67.

Binceres An,

China Emporbim 13.001. Sơn Con Xin bao

Kwong Song Hing 106. Wing On (ILK.1 13. Wm. I'owell, Ltd, 196.

MISCELLANEOUS

Chink Entertainmenta 470.

HI.K. Constructions (O) "d61 ̄ ̄(N)~0n. -Videos ~{X.-Riz.)-On:-(Rizhis) – 4-

Marsman Invartments 13/8n.

Mersman (K) 1.40h.

The big difference in

prices It was not, he said, the Cotton

has been mainly caused by Commission's polley to hedge. The Commission

avery boardhg. by rice, merchants and COTTONS: WAG large organisation, which could wealthy citizens on earlier tears cover its risks over a long period of a rice farine" in Swntow

| district. without Insurance.

The Raw Colton Commission

An offelal in the Swatow city had already made "very con- administration sald that "ration- alderable" gains and these were ing has been well timed and is a available to cover the risks. boon to this city."-Reuter.

He agreed there was a lack of choice and to some extent a de- terioration of quailty In raw That was not cotton supplies. due to the Commission, but to having to, economice in dollara-

Router.

GOLD TALKS DENIAL

..

Pretoria, June 17.

from

SILVER AND |COLD MARKETS

Fws 19b, 208, 19, RUBBERS, ETC. COMPANIES:

AnthrJuvas 05. Consolidated Rubbers to. Kota Bahne Zn.

Padang Rubbers, 1.400, Rubber Trusts 49m. Samena Rubbers 1n. Shanchal Pelaris Za. Tanah Merahs 1% n. Tebang Hubbers .900. Zlangbe Rubbers In.

Money Market

Gold took the down. grade

Bombay:-Market closed. Buenos Aires: Sovereign, 01.- 50 buyers, 93.50 sellers; U. S. Yesterday and at the lowest point touched $322.25 a tael. Right Eagles, 101.50b) 185.00s. Gold, from the opening at $320.26 it Bar, Per Grammo, 8.90nk, 9.8016. was a one way movement. At the close it was slightly better ut Alexandria:-Gold, per "dir

8833.37%, -but tho Lindertone them 102 plastres; Egyptian remained weak.

Dollars

which has already been drafted, It was officially denied here pound 490; Sovereign 503; Tur- Deliveries for the day totalled were "merely echoing the ascal today that South Africa was key pound 360; Napoleon 370

China but lock-negotiating with the gripping

(piece de cing) 495: 6.500 teels, of which 2480 were United Silver (plastres per kilogram))

official and 4,000 unofficial

Plastres opened at $11.42% a Ofelul Chinese quarters de- States for an increase in the 828 plastres.

100 and closed at $11.50. Those clined to discuss what may be price of gold.

the lowest One "dirrhem" equals 1/10thatos of the day.

and higbost It was earlier reported Nanking's currency objective Canberra that both Australia and of an ounce, Associated Press.

Chinesa National Currency South Africa were negotiating Parla-Napoleon 4,125 Frs.. with the United States for guld French 10 frase coins: 1,800; Swlas yesterday as futures closed at 20 honded for, a new; all-time tow

[price increase.-Router.

trane 1,950; Union Latine 3,700; cents and spot at 33 cents for Sovereign 4,150; Half Sovereign CN$10,000. Canberra, June 17. 2,300 U.S. Dollar coin ($20.00)

unchanged Ticals were The Prime Minister. Mr. Joseph 10,800; U.S. Dollar coin (110:00) Rubber closed 15 to 35 lower Chifley, and the Cabinet have 8,400) Sovereigns (in: free dollars NEI Guilders Armed up again with sales of 52 contracts.; July approved at recommendation that per ounce) $71,8; Napoleons (in to $10:17 & 100. I 21.05; September 22.10; December prosecution of minor Japanese free dollars per ounce); $72.0; US. dollars were slightly lower 21.85-90; No, 1 ribbed smoked war criminals be expedited and U.S. Dalla notes (in: black-mar sheets 22% nominal.—Associated I completed By: June 30, 1049,- ket) 350/881. Press

N.Y. RUBBER

-----New-York,June–18—

DIRECT.

Reuter.

Reuter

Pacific Far East Live, Inc.

Fast Regular-Trans-Pacific Service

SAN FRANCISCO LOS ANGELES.

OVERLAND

NEW YORK-CHICAGO-DETROIT-TORONTO, MONTREAL AND: ALL'AMERICAN, & CAMADIAN CITIES,"

From **

SHIPPING. DEPT.

TEL: 22277

CO.

VESSEL

· Arcives:

Telephone" 216EE.

63. "IRAN VICTORY"

Juno, 22 · San Francisco: June 20 San, Francisco July....Qu Ban Tranplaco

DRY

SAILINGS

S.S. HAI HSUAN, Singapore & Bangkok June 22 ...... Singapore June 23

S.S. “HAI HSÍA”

**(With Passenger accommodation)

Cargo for Thing;Tao, Hankow & Tientsin ácceptable

Hinnad on through bills of lading.

GAMLA BARTICULARS' PLEASET

5.4. "SURPRISE"

3. "JULIA"

14. “GREAT REPUBLIC"

LUCKENBACH?-

REFRIGERATION

Jane San Francisco

Balla

For

June 23 San Francisco

yks. Manila

· Jano- 24 | 8ân: Franolsco

June - 27: Ex Francisco

via B’hai & Fusan, July T

-San-Franolan "*"

CARGO DIL TANKS:

:

at

at $5.43; Sterling on the other hand appreciated to $18.65, Aus tralian pounds were unchangod at: $12.51.

i

~NOTICE TO CONSIGNEES

HOLDING A

-P... &0...B...I ZELAN *BILLS OF LADING-

PRESIDENT LINER

Sailings

REFRIGERATION-SPECIAL CARGO OIL TANEB-

CARGOCAIRE—BPECIES

TO-SHANGHAI-

8.8. President Cleveland"

TO SAN FRANCISCO

8.8. "President Cleveland" (via Shanghal)

8.8. "General Meigs” (via Manila) -

S.S. "President Wilson" (via Shanghaij

TO SAN FRANCISCO AND LOS

Juho 19

June 18 July

3 July 17

ANGELES. ·

8.8. "President Grant" .....

8.5 "Presideni Taft"

S.S. "President. Pierce"

June 23

July July a

To NEW YORK, BALTIMORE and BOSTON vi PANAMA

Vane 20

ily 12

8.S. "Dartmouth Victory" 8.S. "President Harding"

◄ TO NEW YORK BOSTON AND HAMINA VIA MANILA, SINGAPORE, COLOMBO, COCHIN,`HOMBAY,

SUEZ AND MEDITERRANEAN PORTS 8.5. "Mount Davls” ...................

3.5. "Mount Rogers" (calls Karachi)

June

10

July

2

AMERICAN PRESIDENT LINES, LTD.

St. George's Bldg.

Tel. Nos. 28172/28175

American Pioneer Line

Arrivals from New York, Boston,

Other Atlantic_Ports via Panama

"PIONKER BAY"

"STAGROUND" "COURBER

Sailings to Manila

"PIONEER BAY"

"ETAGHOUND"

"COURSER"

June 24

July 18

July 30

June 24

-July -- 18)

July 311

Sallings to New York, Boston, Philadelphla Baltimore & Other Atlantic Ports via

"PIONEER BEA" "PIONEER TIDE" "PIONEER BAY"

Panama Canal

-Special Cargo O Tanks-

..In port

Due June 23 Duo July 14

Sails June 19

Sails July 24

Salis July 15

For Full Particulars Call

UNITED STATES LINES

General Agents

Queen's Building,

Tel. 31251 (3 lines)

KLAVENESS LINE

SAILINGS

Direct to LOS ANGELES, SAN FRANCISCO VANCOUVER, SEATTLE & PORTLAND m.s. "BOUGAINVILLE"

m.s.- "BOUGAINVILLE"-

6th AUGUST

ARRIVALS FROM PACIFIC COAST

-23rd -JUNE SAILING FOR-SINGAPORE PORT SWETTENHAM,

PENANG & BATAVIA..

24th JUNE

PASSENGER ACCOMMODATION. BULK OIL TANKS

Chinese Freight Agents.

HOO FOOK PING

THE BANK LINE (China) Ltd,

Apply:--

THE BANK LINE (CHINA) LTD.

King's Building. Tel. 27702

BARBER WILHELMSEN LINE

M.V. “TAI SHAN"

Loads 20th Juno, 1948

for

NEW YORK via PANAMA calling at

Yokohama, San Francisco, Los Angeles, Panama,

* New York, Boston, Philadelphia & Baltimore -

For freight, and further particulare opply

DODWELL & CO., LTD., Agents Hongkong & Shanghai Bank Bldg,

Telephone" 28021.

THE EAST ASIATIC CO., LTD.

OF COPENHAGEN

M.V. "KOREA

Now Loading

ADEN, GENOA, CASABLANCA, ANTWERP. Mesars, Goddard & Douglas ROTTERDAM, HAMBURG, OSLO, GOTHEN

will: attend at 10, n.m. on: Mon-

days and Thursdays within the BURG AND COPENHAGEN

free storage parked to survey damaged cargo, and consignees ||* uro 'requested to have their representatives present. Unless consignees zaprezentativen : " ́åre present at the Survey no claims can"thereafter be admitted;"

MACKINNON, MACKENZIE ECHTEN & CONTRA

P. & 0. 8. N, 00,

#. 1. 8. N. Co,'144.

This vessel is accepting cargo for PORT SAID Tanks available for the carriage of oil in bulk.

M.S.MORELIA"

loading about 3rd July

ADEN, ANTWERP, ROTTERDAM, HAMBURG, OSLO, GOTHENBURG AND COPENHAGEN Tanks avaliable for the carriage of old in bulk.

THE EAST ASIATIC CO., LTD.

STYL. 04111. A HATIR

n's Bldg, 203 floor.