1948-11-09 — Page 14

Page 14 A

ROYAL INTEROCEAN LINES

Passenger and

Freight Souras

JAVA-CIUNA-JAPAŃ SERVICE

“TJITJALENGKA“

"THISADANE"

"TASMAN

"TIBA DAR"

Arrivala 11. port

from Maconsar

& Juvaports 13th November

from Amoy

7th December."

Bulldog

to Jayaports

& Maesar:

11th November.

0 p.m. to Javaports

Mnckyar

26th November.

to Javoports

& Macassar,

9th December.

ta Javaporta

& Marossor

3rd February.

ASIA AFRICA-SOUTH AMERICA SERVICE

Hatliare

from Macassar

A Javaporta

8th November,

Arrival

In port

South America

vla Manila, Straits

* Mumbasu,

13th November.

~TARODAS

la port

10 Shanghai

BOISSEVAIN"

"TJIKAMPEK'

"TEGELACRG"

from

South Africa 26th November.

South America

A South Africa 30th November.

to South Africa

and Japan

#November,

to South Africa

& South America

14th December.

to South Africa

& South America

14th January.

Praashiqument entka na through Baƒk to Dar-En-Ñxisam

Mombass Zanzibar accepted on all sailings SUMATRA—MALAYA-CHINA SERVICE

Arrivals

from B. Deli & Strands

"LASMAN"

2015 November

"VAN RIEMSDIJK"

from 1. Dett ze Striats

# November.

Sailing

to Swatow und Amoy 21st November.

to Straits

B. Dell,

7th Decenbeer.

Agents: HOLLAND-EAST ASIA LINE

finn an

Skamphat goth Nav.

from Europe

"BLARIEKERK"

"MOLENKERK“

3rd Dec.

.

Пn Europe End Dre.

"MEERKERK"

Sailings

to Europe via

Manila & Straits 22nd November.

to Europe via Mani & Straits.

Mid December.

to Europe vin Manila & Straits, Mild January.

Transhipment cargo on through Ar/L accepted lo

Mediterranean and Northern European porim.

Agents: SILVER LINE LTD.

“SILVERTORIAUS

Arrivals

From US

Sailings

to U.S.

v Parific Coast via Atlantic porta Party Dec

mid December,

Hffice Address: King's Building, Phones: 28015, 28016 & 28017 Chinese Agents:

82. Connaught itd..

Tel. 31190 & 21533

THE CHINA MAIL, TUESDAY, NOVEMBER 0, 1048.

FINANCE

AND

COMMERCE

WESTERN GERMANY'S RECOVERY

NEARLY BACK

How Stock Market Was Curbed

TO 1936 LEVELS

Berlin, November: 81

Western: Germany, is pulling itzalf together: finan- cially so, fast, that it may reach the 1936 level of production by next spring, says an American: financial expert.

The 1936 level is generally regarded as the health-

iest point in German economic history,, Thereafter, Hitler and Hjal», uneconomically, and are unable, to mar Schacht, German financial compete in world markets. This wizard and former President of calegory is at prezent, complaining the Relelisbank, floated an in- that the new Western mark is New York, November 3.

flated economy that gave a false poked too high at 30 cents for

them to make a profit, Governors of the New York sense of the Roich's true capa- Stock Exchange took almost un-elty.

precedented action to maintain The forecast of West German à "free and orierly" market recovery was made by Jack Ben- under the tremendous selling nett, chief financial adviser of the pressure which developed last US Military Government. week.

Orders to sell Boutted the ex- change even before it opened on Wednesday, the day after the Presidential election. Where orders to buy existed, they were close. far below the previous The seller would have taken revere loss if his order had beet

when the executod

exchang opened.

a

Te specialist dealing in I: given key stock, neling with c governor of the Stock Exchange decided to delay opening-of lead-,; ing that issue until sumeient buy- s were found to keep the price from dropping too sharply.

For example, an issue closed on Monday at 100. The only or ders to buy were at 890, and

Itop of 20 points in a key stock could have a demoralising effect)

the market. Trading

delayed And brokers got busy trying to ind peuple willing to buy above 80. Finally. enough buyers were found to purchase a block of 15,- 000 shares at 07. Then trading opened.

Was

Pressing Demand For Metals

New York, November 8. The price of lead went up Among these industries which two cents Inst week but it made little apparent difference in say, they cannot, operate auc- cessfully with more than a 2r demand. It remained as press- cent Mark la tha textile indus-ing as over.

So did demand for copper und try. The china industry. Is the

The supply problem “ኒ only one that admits doing well zine. He said the new currency in-

those two metals: grow: worse in on the 30, cont. Hark. troduced by Western occupation

When a business says it enn-the U8'in the wake of continuing Hwers coupled with the Euro- not make money on the 30 cent strikes pean recovery aid programme has Mark, Mr. Hennett sends In Am- Lead rose to a record high of already raised West German pre-erican Investigators to see how 21.5 cents a pound at New York. consumers hal long duction to 8 per cent of the 1930 they are functioning. Those that American Jevel. He predicted it would

cannot show top, tight perferni- been paying more than the domas- loud and for forni reach the 100 per cent mark by

ance, Mr. Bennett says, "just have the rate. the end of winlor.

to that recovered from scrap.. The to get out, of, the export business."

new, domestic price compares with No Subsidios.

a record low of 2.85 cents in 1932 and a wartime fixed prices of 6.5. The quicksilver market was "tronger with prices being quotest nt US$1 a flask higher inst week Hitler in the face of declining US oul-

soma

Some Casualties There are bound to be enstunities in German industry These will be firms which operate

housands of shures with the main idea of maintaining, price stability and an orderly market even though the process of a strictly free market was tem- porarily suspended.

Eventually the specialist will zell most or all of any lesus in which he trados.

The specialist is usually a mem- ber of a stock exchange firm. Ho has avaliable u large supply of capital to buy and sell the parti culor issue in which ho deals. The specialista operation cushions a plunging market and curba a market which is trying to run

Actual Issues opening late in- cluded US Steel, General Motors and Du Pont, Among buyers away on the upside.-Associated was the specialist. He purchased Press.

GOOD WEEK ON THE LONDON EXCHANGE

London, November 7.

DE LA RAMA LINES The markets have had a thoroughly enjoyable week

EXPRESS CARGO LINER SERVICES TO AND FROM PACIFIC ATLANTIC COASTS

ARRIVING FROM U.S. ATLANTIC COAST VIA TACOMA

m.v. "HALLAND"

LOADING FOR U.S. ATLANTIC COAST VIA LOS ANGELES

s.s. "DONA AURORA”

m.v. "BRYNJE“

other

despite the steel nationalisation schome.

over

A

the

They must compete in world's market at world prices without benefit of subsidies which

Hitler used generously.

#

Mr. Bennett said the Government "had 400 rates of put.

simply. foreign exchange and

Silver romained stable, used the one that suited them, Major non-ferrous metals prices depending, on which country was included;" involved/

Mr.

the Bennett snys

new Western Mark is worth 30 cents for export purposes, regardless of clúrpestle black market rates vary. ing from 10 to, the culiar to 15 to the dollar-Associated Press.

Utility Rates In Shanghai

Shanghai, November 8. Increases of utility rates rang-¿ ing from 300 to 400 per cent were officially announced by the Publle Utilitles Bureau last night.

Quicksilver, US$77-US$70 flask, of 70 pounds, New York,

Tungsten ore, Chinese US$24- US$24.75 a ton, New York

Copper, 23.5 cents a pound, New York. Lead, foreign, 20 Zinc, foreign New York.

cents 16.25, Gulf of Mexico

ports.

ounce

Aluminium, 17 conta a pound,

41.07,

New Antimony,

cased, York; 30.50, bulk, Laredo, Texus.

Platinum, US$93, an wholesale, New York

cents an ounce Silver, 74% New York; 45% pence, London.

Associated: Pross,

In a prepared statement, the Publie Utilities Bureau Commis- He said he had invoked the 85. aloner, Mr. T. C. Tsao, warned sistance of the Economie Co- of a possible curtallment of operation Administration in secur- utility serviers in view of the ing. urgently needed supplies serious fuel situation obtaining which he considered of primary

importance in Shanghat,

to the public, next only to rice-Reuter,

Notice To Consignoos

CONSIGNEES PER

S.S. "OCEANSIDE”

Notice To Consignees

CONSIGNEES PER BARBER- WILHELMSEN LINE

M/V TAI SHAN"

The American elections|ings to 110/-. Oils were strong, which, rightly or wrongly. re with Royal Dutch up one-fourth moved some uncertainty about to £24-5/8 (24 and five-eighths) Marshall aid, plus the efforts of and Anglo-Iranian up more than

four shillings to 175/-. one-time stockholders in Argen-

indusuls

Dunlop ала tine rails to find attractive Vickers Inse

shilling. openings for their £11,000.000 though steel: shareS were quiet 13th November sterling, combined to lift prices. just under the official "takeover" Another factor was the realisa- prices. Kairs moved violently tion that there would soon be an- both up and down, with gains and are hereby notified that their are hereby notified that their £23,000,000 of Argentine losses of 2s did scattered through cargo is being discharged into cargo is being discharged into Payments seeking reinvestment, the list.

the Hongkong & Kowloon Wharf the Hong Kong & Kowloon Czech & Godown Co.'s godown, where wharf & Godown Co's godown plus some of £20,000,000 to be Europeans were mixed. received in the form of Govern. six per cents fell £4 to 56, Shar-it will be at Consignees risk where it will lie at Consignees. ment stock by stockholders of the brucken 4 per cents were down and, subject to the Whart's riak, and subject to the wharf's Tillings road transport one to 78 and Poland 4 per terms and conditions of storage, terms and conditions of storage. combine, and in the background cents were also down one to 19.

may be and where delivery máy be there seems to be a feeling that But there were signs of stability and where delivery

obtained:

obtained. rearmament, when it really gets elsewhere. Peruvian, Corporation started, will make for price in- debentures jumped £4 to 43. Damaged packages are to be

Damaged packages are to be Maremma railways were firm "Tobaccos soared on the results at £50 white Snia Viscose sharesxamination by consignees and amination by Consignees and left in the Godowns for left in the Godowns, for ax- of the American elections, Im- were firm 33s Od-United

the Company's surveyors Company's surveyors, Messrs. perlat Tobacco rising six shill- Press.

Messrs., Goddard & Douglas, at Goddard & Douglas at 10 am. 10 am. .on 13th November. on November 13. 1948..

21st November

grent Lato November

THE DE LA RAMA STEAMSHIP CO., INC.

incorporated in the Philippines)

MARINA HOUSE feln 29670--22678

CHINESE SHIPPING OFFICE

Tels. 29738--20168-

THE EAST ASIATIC CO., LTD.

OF COPENHAGEN

M.S. "KAMBODIA"

Loading about 17th November

for

COLOMBO, ADEN, PORT SUDAN, PORT SAID, ALEXANDRIA, GENOA, TANGIER, CASABLANCA, ANTWERP, ROTTERDAM, HAMBURG, OSLO, GOTHENBURG, COPENHAGEN & GDYNIA

Tanks available for the carriage of oll in bulk

THE EAST ASIATIC CO., LTD.

Queen's Bldg., 2nd floor.

Cation.

1

CHINA SIAM LINE

M.S.

"HERMELIN”

In Port

SAILING ON NOVEMBER 11

To comply with. General To comply with the Generall Bonded Warehouse Regulations Bonded Warehouse Regulations consignees must have a Re- consignees must have a venue Oficer in attendance venue Officer in attendance when damaged dutiable goods when damaged dutiable goods are examined. fare, examined.

No claim will be admitted No, daims will be admitted after the goods, have left, the after the goods have left the steamier's godowns, and all steamer's, godown, and all goods remaining undelivered, after goods remaining undelivered the November 14, 1948 will be after the 14th November, 194 subject to rent: wilt be subject to rent:

All claims against the steamer All claims against the must be presented to the under- steamer must be presented to signed on or before the Novem- Limited Passenger Accommodation & Cargo Space. the undersigned, on or before ber 22, 1948 or they will not

for

MANILA

Available.

For Particulars Please Apply:

Thoresen & Co., Ltd.

General Agents

Queen's Bldg., Ice House St.

Tel. 34111 & 34112

CHINA MERCHANTS S.N. CO.

Tel. 31241/2/3

the 22nd November, 1942. or be recognised

they will not be recognised.

No. Fire Insurance; will be No Fire Insuranco will be effected: [offected.

Dodwell & Co., Ltd:"

Agents,

DODWELL &;CO,,^\LTD:||

Agents Hong Kong, November 9, 1948.

Pacific Far East Love I'm

DILDOT

Fast Regular. Trans-Pacific Service

OVERLAND.

NEW YORK-CHICANO-DETROIT-TORONTO; N MONTREAL AND ALL - AMERICAN, &CANADIAN CITZER.. TENTATIVE › BAN FRANCISCO/LOS ANGELES TO HONGKONG, BLUKDULM, MESUMPTION.

18 Củnhìught Road West-

Telephone 81683 ;

BAM. VRANDMED; · LOH. ANGELES

SAILINGS ....

Singapore Shanghal

S.S. "HAI HSIA”

S.S. “HAI KANG"

Nov. 9 Nov, 13

(With Passenger Accommodation). Carge for Teing-Tao, "Hankow & Tientsin moomptablá

on through bila of lading.

For full particulars please apply to the above.

„The Krut vaand for your rofilæerated, shiqmants, wild- ki ma, PLYING DRAGÓN, Balls, Bop :Prancisca (7" digy after otelki. Arrivka Manakung: 21 - Kara låter., The drst rowest for youx Air cargu slimonia WII, 30 MAN, INDIAN- BEAR.- Sajla San Trandlies 4 dars utter strikes, Anime Hongkong 11, dan KT, T

TENTATIVE ZUONGKONG, TA: SAN EXANCISCO/LOS ANDELSM - 2040S AQULWĮ“HIBU METION

KA CHINA, BEAN, Tron“, Zmashing tá UH Wais. Cones (and Overland Desinatio after portion:"Arithur? Dia. Pemediaon 12° čkys-lathe" (EN "JOPLIN VICTORY", JPM, Monpel, M. and Dyerland Destúntions. Balls: Hongkong, 13 ditu stipe, methi Arsires. Bán TYRECHOS 13, da WATCH THIS SPACE, FOR FURTHER, ANNOUNCEMENT OF YOUR HARLA

BERELGERATION «. DBY CARGO #Ƒ CARGO OUSER Fas full particulars call, Géribeal Agent: UNITED STATES: KINKS 10.”

Hong Kong, November, 8, 1948.

NOTICE: TO CONSIGNEES HOLLING

P.&.0, BL; & BLK, AZ BILLS: OF: LADING

Mesare, Goddard. & Douglas -will, attend; at, 10 ́am, on: Món- dayn; and, Thursdaya: within, the free; 'storage, period?tu: surray damaged: caryo; and; consignpes, Lærerequisind; to, havaš, their representazivne present. - Unlesa.

pent at the Ɛurvey ng claima

AMERICAN. PRESIDENT LIMES New York via Panama Trans-Pacific-Round the World

REFRIGERATION

SPECIAL CARGO OIL TANKS

CARGOCAIRE

SPECIE STRONGROOM

St. George's. Bldg.

Tel. Nox. 28172/28178

C

American Pioneer Lime

Arrivals from New York, Boston, Other Atlantic Ports via Panama

"PIONEER BAY"

"STAG HOEND”

Sallings to Manila

*PIONEER, BAT"

"STAG HOUND"

Nov. 15

Nov. 29

Nov, 16

Nov. 29

1

Sallings to New York, Boston, Philadelphia Baltimore. &. Other Atlantic Ports vis

Panama Canal

-Special Cargo Oil Tanka-

"PIONEER TIDE" "PIONEER BAY"

"STAGĦOUND"

Due Nov. 13

Salls Nov. 14

Due Dec.

G

Balls Dec.

Duo Dec.

17

Salle Dec.

For, Full. Particulars Call

UNITED STATES LINES

Queim's: Building,

Company

Təl 31251 (3:Inom)"

BEN LINE

BEIP

6.8. "BENNEVIS”.

8.8, "BENARTY" -5.6.-"BENVRACKIE"

8.8. "BENLOMOND"

TWAR

PAR CAST

ARRIVALS

#ROM

U.K.

U.K,

-U,K;

U.K,

SHIP

SAILINGS

TO

*6.8, "BENARTY" 8.S. "BENNEVIS"

9.8. "BENVBACKIE” 8.8. “BENLOMOND”

Calls at Genon..

Aden, Port Said,

London, Antwerp, Rotterdam,

Hamburg

DUN

Late Nov. Early Doc.

End-Dec. Mid Jan.

LOADING

Mid. Dea.

End Deo.

Mid Jun

End Jan.

+

For Further Particulars. Apply To--- W. R. LOXLEY & CO. (CHINA) LTD.

York Buliding

Agents

Telephone: 34165.

KLAVENESS LINE

•

SAILINGS

m.5. "CASTLEVILLE”

DIRECT TO VANCOUVER, AND TACOMA

...Loading.

. 18th Dec.

ABRIVALS FROM PACIFIC COAST

M.S. "CASTLEVILLE" .... ...Dug M.S. "ROSEVILLE”

.....Due

Chinese Freight agents. 'HOO FOOK PING

.28th Nov. :Dec. PASSENGER ACCOMMODATION, BULE, OIL TANES

THE BANK LINE (China) LG

Applit THE BANK LINE. (CHINA) LTD. King's Building. Tel. 2793

* FASTEST DAILY SERVICE TO AND FROM MACAD

T.S.S. “MERRY MOLLER”

Leaving, Hong Kong 1.34. a.m. Daily, from, WEL

2.15 pm Daily,

Tixpo 'nul:Soot- to nižération, without :mation

MOLLERS (HONGKONG) LIMITED