1949-01-05 — Page 12

ROYAL INTEROCEAN

Passanger-and

LINES

Freight Bririces

JAVA-CHINA-JAPAN SERVICE

**TJISADANE"

"TASMANTM

“THIBADAK"

*TJITJALENGKA”

Arrivals

In port

from Macassar

& Javaports,

8th January..

In port

fron Machtsr

& Javuports

22: Jan.

Sailings

to Javaports

& Macassar,

6th January p.m.

to Javnporta

& Macassar,

21st January.

to Javaporta

& Macassar

3rd February.

to Jaaports

&

Macassar

3rd March,

ASIA-AFRICA,SOUTH AMERKJA SERVICE

"TEGELNEDG*

"RUYS"

*STRAAT MALAKKA“

"BOISSEVAIN“

Arrivals

in port

from

South America

& South Africa

17th January.

from

South America. & South Africa,

0th March. from

South American

& South Africa, 29th March.

Sallings

to Shanghat

14th January

to Bouth Africa

& South America

26th January.

to South Africa

& South America

23th February.

to South Africa

& South America,

20th March,

to South Africa

THE CHINA MAIL, WEDNESDAY, JANUARY 8, 1949.

FINANCE AND

COMMERCE,

AMERICAN BUSINESS WORRIED BY FEAR OF HIGHER TAXATION

London

Stock Exchange

New York, Janúary 3.

The retail trade decline indicatos prico cuts would

be a healthy adjustmont but manufacturers do not easily cut pricos.

Moderate cuts frequently revive sales but, with high break-even points, quite moderate declines in output or prices can seriously affect profits.

The Secretary' of the Treasury's reassurance that apprehension In business eireles need not prove more serious than similar appre- hellon in 1945 and the autumn of 1947 has not allaxed all fears. The fact that such a reassur- ance was needed has caused xome

London, January 3, The present account of the London Stock Exchange will end tomorrow and, until the new

of perloc trading begins 011 Wednesday, trading will be small. cepticism, and businessmen are

The markets today showed few prion changa librash te tendency generally was alightly exeles in idlenes, Fractionaf

Wetw Ar In forertiment sucks with longer intel JAGER portfculacly

Mejil.

An ently brightores in vlla

& South America, 18th April

| Insult of retinued

fendere bin the soilal always

All

Transhipment cargo on through Bs/L to Dar-Es-Salaam.

Mombasa, Zanzibar accepted on all sailings. SUMATRA-MALAYA-CHINA SERVICE

-VAN RIEMSDIJA"

"TASMAN"

Arrivals

from Amoy

& Swatow

6th Jan. from

Singapore

8th Jan,

Sallings

to Stralta

&B Doli.

7th January,

to Swatow

& Amoy

8th Jan

Agents: HOLLAND-EAST ASIA LINE

MOLENKERK

-MBERKERK"

RIJNKERK~

Arrivals

from Japan Shanghai

10th Jan

from Europe

6th Jan.

from Europa

End January.

Sallings

to Europe via Manila

& Straits.

11th Jan

to Shal, Japan

vla Keelung

8th Jan

to Europe via

Manlin & Straits,

28th January,

to Europe via Manda & Straits,

Mid February.

Trashipment cargo on through Bs/t accepted to

Mediterranean and Northern European ports.

Office Address: King's Building, Phones: 28015, 2801G & 28017 Chinese Agents: 82, Connaught Rd., Tel 3110 & 21533

DE LA RAMA LINES

EXPRESS CARGO LINER SERVICES

TO AND FROM PACIFIC & ATLANTIC COASTS

ARRIVING FROM U.S. ATLANTIC COAST VIA LOS ANGELES & SAN FRANCISCO

m.v. "DONA ANICETA" m.y. "TONGHAI“

22nd Jan. 4th Feb.

SAILING FOR U.S. ATLANTIC COAST VIA SAN FRANCISCO & LOS ANGELES

m.y. "BENARES” (Direct)

̈m.v. "DONA ANICETA”

WIL

stenanst

Wete

the

fror

mical fully held, Profit-ishlog In

| Venezuelmer Vii Conemalona, resulted in

amall net lumen an der any of thin laste

ปลาย

There were usug deelbers of A f.w

industriale. Dence Breweries lost ground and toleram weer out of favour. Textile. however. el | comleted some support,

Tr the Far-lunch tion, Chinews tock imaginerd and, there was sharp preciation In Humzbrueckens, for lampes of TheTraumidlesss up stede minulom

The downward drift of South Afrlemn

conte L mininge

Instay

WTER

worried by prospective increases In taxes and wages.

Higher taxes would further handicap equity thumeing of in- "thustrial expansion which has been the mainstay of the boom, This expansion is belleved to have already passed its peak and any sharp cut in these out- Jays could seriously affect bus). ness as a whole.

Uncertainty

Sales dimeulties aro regarded as a healthy return to seasonal and other normal patterns rather than a threat of depression. This is considered healthier Th chronic sellers market.

released tubot

*

absorbed by

Hitherto, any has been rea.lily other industries.

Since pipelines have been All- ed, there is a widening urea et rising

inventories, weakening and occasional prices

output culs.

Business reports reflect uncer 19-15/10tainty and cessation of aver- demand rather than a depression. Lower Profits

smell is n market devoid of Jayden and Gefriereet,

SECURITIES,

Ilelkich Console, 25%%

Contrèsion Tzian, 19475, 198

106-7/8

101-3/16

Funding Loan, eti, subnou 20 100%

War Loan, 347

Victory Bande, %%%

INDUSTRIALS)

British Amezfena Toharra tur

0.1 Trend

Imperial Chentcat Les arti

Insteerbal Tubareu f'œimpnusy u£ £1.19,

106-19/10

116-1182

品蹦

12/1

▲ Ireland)

TEA SHARES:

Assam Csolidated · Tea Авиац

517-

Frontier Tra

15/-

Aseum Tex Company

定

| Doctra Ten Co

10/3

Emp, of Gulla & Cerlin Tex Co.

14/0

Imperial Tew Company

17/

MINES SHADER:

Burma Corp.

9/2

Crown Mines

*-3/14

Nundrdroog Miner

12/0

Band Mine

Boring Mines

Kuk Nigels

Tavy Th to.

Unk Corporation

OIL BHARES:

Royal Dutch Ca.

Shell Transport & Trading Co.

SHIPPING

10 کرنا 1 میلاد

A 11/06

SUN/9

1-13/10

P. # 0. Beum Navig. Co. ord. 81/101%)

GILTGUGED: Funding Loan. 19 National War Donds, 245,

-1849/01

1962/04

1234/50

1951/63

Savings Bondy, 30%,

3965/05

1080/20

1965/75

201

100% 10012

102-9/10 102-5/16

19th Jan,

104% 10:1-7/10 100%

24th Jan,

Exchequer Bonds, 1, 10 fou-19/5: Redemption Rinck, 3%, 1984/96 100%

FORSIGN BONDS: German Low (Dawn) 716 Japanese 571, 1007/47 Japanseso 6%, 1921/64 Jeperiend South Manchurian

Bly. See 10

.. 冒

10

20

THE DE LA RAMA STEAMSHIP CO., INC.

(Incorporated in the Philippines)

MARINA HOUSE Quès. $8676–22671

CHINESE SHIPPING OFFICE Tel. 28788-20158

THE HO HONG STEAMSHIP

CO., (1932) LTD.

s.s. "KAMUNING"

TO SINGAPORE, PENANG & RANGOON

Loading

6th January

Sulung

7th January

Subject To Alteration Without Notice

For Particulars Apply To:

THE HO HONG CO. (CHINA). LTD.

484, Bonham ỡwand W.

Tela, 20127 di SIGSA

BARBER WILHELMSEN LINE

M.V. “TALISMAN“

Loads January 4th 1949′

for

NEW YORK via PANAMA

calling at

Yokohama, San Francisco, Los Angeles, Panama

New York, Boston, Philadelphia & Baltimore

For freight gud further particulate apply toda

DODWELL & CO., LTD., Agents Hongkong & Shanghai Bank Bldg. Telephono 28921.

BANKS:

Chartered Bank of TA, & Co. 11% JL.K. & Shangkal . Corp. 108% Marcantile Bank of fodľa "A" 11%

CHINESE EXTERNAL LOANS: Tientsin-Pukow Riy., 6%

Lung-Thing-U-Hal Ri

1013

Bork. L54

ISAUN,

11פ1

Crap Loan. 64, 191a Hakians Bly.. 4%. 1011 Ton Ity.. D. 2005

Kowloon

哲

12

11

Shapukal Nanking

Rise, Cantan Sy

246,

Sterling Bonds

11

-Reuter.

N.Y. RUBBER

A prospective fall in private eánstruction may be outweighed by the back-log of public con- straction but the outlay do now factories and plant may dwindle since even if replacement schemes do reduce costs continue high, ex- tensions to increase capacity serm to be falling heavily,

10

The Ideal would be a return excessive

20 normal without swing towards recession but it a difficult for any pendulum to stop midway.

The general background fav- ours a table of high leval of busi- ness with lower prices and sharp- er competition.

Trade Union Film Ready For Screening

A new trade union film, "Sort- ing 11 Out", has been received by the Hong Kong Labour Office. i is ovailable for screening 10 any member of the trade uniona in the Colony.

There is 10 Cantonese con- mentary of the film but a des- cription and explanation of the him can be given at the showing. and questions will be invited,

Mr. Baker of the Labour Office is prepared to lecture or talk on any aspect of the Trade Union Movement, and the services of a

translator will competent

was available, it

officially an- nounced yesterday.

be

The exhibition of photographs and churts held a few weeks ago in the Public Relations Office is available for showing to any of the unions either in whole or in part, it was added,

Hong Kong Stock Exchange

П

The market turned shudo easier yesterday. Upon sellei appearing in some force, buyent lowered their offers, and in con- sequence quotations have slightly lost ground.

ILK. GOVT. LOANS:

40 Loan 101154,

# 1pm 11934 & 1940), 1908.

3 Loan (108) 1:26. NANKS:

HK. & S. Bank In20k, 140, 1829/đừnm

ton, Rex. £104, 168 Y. *1024.

thartered Bank An. Mercanti Uank A. & D. £2. Bank of East Anta 14$b. 188URANCES;

Canton Ine, 163, Valon los 7225, b.

China Underwelters 8.901.

HK. Fire Ins. 268b,

RIPPING)

Douglases 2370.

... Bembumin 17 1⁄2 m.

Indo China (Pref.) von,

(Dr.) 2tub

Bells (Beater) 18/do.

Union Waterboate 31. DOCKS, WHARVES, QUDOWNS, FIZI

1.K. X, Wharere (Old 180m.

(New) 130. North Punt Wherem 7*. Bh. Hunstkew Wharves in, H.K, Docks 30, 20 China Providenia 19, Shanghal hockyarılı 11b. MINING:

Rank Mines 6%.

II.5. Bile (15%,

Any of the unions desirous of participating in the above, may LANDS, HOTELS A BUILDINGS: get in touch with Mr. Baker, the Labour Officer.

Japan's Hope In Exports

Tokyo, January 4. Japan hopes to be able to ex- port US$2,000,000,000 worth of goods annually by 1953.

This new target is an increas Business profits seem to be on

of more than US$500,000,000 over the down-trend since mid-year the previous goat, and has been

further and may decline

even vet As a result of Allied ordars without higher taxes, higher to get things humming. wages or price controls, which Congress may impost-Reuter

SILVER AND

The new economic stabilisation programme, which will be carried out over a five-year period, wili place the emphasis on exposur rather than recovery of domestic Industry. This is because cf

credits, especially U.S. dollars,

The Japanese say ike new emphasis on export trade will make it necessary to reorganisc Japanese industry. They worried about where they are Bombay: Silver Ready, per 100 going to get money for this. They tolas Rupees 178, Anas 00; for- are also worried about whether ward no trading; Marwari (un- or not there will be official no trading; Goll, dellver- for

GOLD MARKETS Japan's urgent need for foreign

London: Silver, Spot fine ounce 42d, Forward 4214d; Bar, Cold, per fine ounce 172/3.

New York: Silver, Bar, (sked price) 70 ets.; Bar, Gold, per fine ounce (ofleta!) $39.

Japanese-made

ell, per tola 113, 00; Forward (un- United Press. official) no trading; Geld, Sover- bign 73, 14. (One tola is equal

4th of an ounce,

Un

Bangkok: Gold, Bar, baht- weight of 15.244 grammes quoted. - Exchange Rate (Selling) Bangkok on New York T.T. 19.40, London 82.50, Hong Kong 3.98.

market goods.

Special Steel Smuggled

Alexandria: Fina Gold (Dir- hem) 153; Egyptian pound (Fouad) 400; Sovereign (King)

Duesseldorf, January 3. Thirty tons of special steel 418; Sovereign. (Queen) 416; Na- poleon (Louis) 350; Union Latine from the Krupps armaments (1 coin of 20 franes gold) 310; works, suitable for the manu- Gold pound 330: Dollar facture of armour 'plates for (American gold coin of 5 dollars) tanks, rocket weapons or special 440; Pure Silver (per Kilo) 805. shells, has been smuggled from

Gold Price:

Frea Napoleon 5,860 Fr. French 10 the British to the Soviet Zone franc coins 3,730; Swisa

„ of Gormany. franc 3,775; Union Latino 5,400; Saver-

11. A. Hotels 15.60s. 16.69/.40sa, FLK. Land 61% b. an.

Bhantha Land« 31⁄21⁄2b, 3.7%, 3.90,00mm. Humphrey (Old) 16%,

(New) 13.

1.K. Irables 2b.

Chile

Estates 1790.

PUBLIC UTILITIES:

H.K. Tramwaye 20.706, 204/.COM. Prak Tram (Old) 2in.

(Now Jn.

Star Fri 1966, 140, lāčna.

C. Lights (IAA J4,ARB,, 36D9#, $6/14.55mm.

(Rights) 7, 7.25xa, R.K. ciri 38% 38%*, 385/***. Muen Klection 21796, 28123p. Bandakan Lighte 15% Teleplanes 564, 15na. Ahana Ghan INDUSTRIALS:

Ex. Morg. (Ord.) 30. Casto Teen 70, Cements 15 lib, 42, 41% xa. H., Buy 10.50b, 20.59. STORES 4.

Dairy Form (Did] 45, eten.

Watsons (Old) 62/61an.

(Now) 51.

1. Crawfords (011) 290,

16

(New) 259. Muster J.

Chion Emperium 9, Bun Co.. 40.

Kwing Show long 14 n. Wing Ont.) 10. Wm. Powell, ... fin. MISCELLANEOUS:

Chion Entertulamente 339, 1.K, Constructiona (Oldj Ch, Daa. (New) 46. Vibras Old Zin.

"

u (New) 1411.

Matiman Invesituents P/-n.

Nerman (H.K.) 1.0. Shankhal Loan 3. COTTONS

Ews 10, 101mm. Als Nv. 1.1%.

Yanatate ib.

Wheelocks in.

RUBBER, ETC., COMPANIES:

Angle Java Gm.

Cheng Hubbers 701. Consulkiater Hubbers 21n. Plain Stubbare 20, Kota Bahro 2. Padang Rubbery in. Bubber Trusts 4. Samza Bubbets 1.191. Shanghai Pahang 21. Tanah Merah .901. Tebong Rubber .60. Ziangbe Rubbers an.

WORKERS. BETTER MANAGERS?

Sofia, January 4. Declaring that Bulgaria's Indus- The police are investigating the trial production has risen by sever eign 7,275; Half Sovereign 3,460; circumstances in which steal U.S. $20 Coin 28,600; U.S. 10 goods worth about 20 million Mr. Bobri Terpeshey, President of Coin 14,100; Sovereign (in free marks (about £1,300,000) U.S. $ per ounce) $97.0; Napoleon smuggled into the Soviet Zone in anid: "The labouring people have Were the Sinte Planning Commissur (in free U.S. $ per ounce) $98.5; exchange for textiles.

Dollar notes (in black- market) 517.

U.S. New York, January 4. Crude rubber No. 1 futuras closed 15 to 30 higher with sales of 27 contracts.

Paris Frog Markot

and a half per cent over 1089.

proved much bailer managers Over 100 people connected with than the former industrials." Rates: Javurlous Brfish and Soviet Zone Mr. Terpeshev stated, according gots: Fine Gold ingola, with dorms are believed to be involved to the newspaper Novini, that th livery of counterpart per gramina in the smuggling, Four men,

first two year of the Bulgaria'

economie plan have 234/244 Frs. Without counterpart, charged with smuggling the sted five-year 708/895 Silver ingots,

bean fuifiled.--Associated Press. per Kila Into the Soviet Zone, weto re- 0,000b. 7,400s; Platinum Ingot, lensed on bail on. December 18 Spot No. 1 ribbed smoked sheets per Kilo 000,000, 855,000s. and will face trial on January 22

Reuter.

-Router.

March 19.05.

Moy 18.95.

July 18.70.

September 18.80.

10 and 18Associated Pross

Paciffic Far East Live, Inc.

MOT*

Fäst Regulär Trans-Pacific Service

BAN YDÁNCIÏdo, Lus andeŁADA

"ALAMO VICTORY"

OVERLAND

NEW: TONE-CHICAGO-DETROIT-TORONTO, MONTEMAL AND ALL AMERIDAM & GANADIAN GITTEA

Bai

Ban Franclace

"GOVERNOR DIXON"

"LOUIS HLOS5"

"SURPRISE" †.

Los Angeles San Fradelge

Jea. ·

Jan. 10 Jan. 10.

JA, ZA

Jan. "20 Jan Jan. 25. Jan. 15

"JOPLIN, VICTORY”.

{"BEA SERPENT".

Fer

·Baie Fondelose, Lou Angeles via Tekno, Taku Dar à Kebo.

-- Baty - Truseluen

Bản Francisco Linh T

Bhanghai, Kobi affekokain, Die Pianikioni

For full particulars call General Agenta UNITED STATES LINES.C0. Que

SHIP MOVEMENTS

San Francisco, Janudry 4. Ship arrival: Mission Santa Ans from Yokohama.

Departure: January 2 Swarth- more Victory for Japan-Asso- ciated Press.

Notice To Consignees

M. V. "AENEAS" Damaged cargo cx this vessel will be surveyed at Holt's Wharf between 19 a.m., and noon on January 6 and 7, 1949. and consignees are requested to: have their roprosentativos: pre- sent during the survey.

* BUTTERFIELD & SWIRE.

Agents

Hong Kong, Janu

AMERICAN PRESIDENT LINES Cargo Oll Tanks Refrigeration-Cargocaire

TO HONOLULU AND SAN FRANCISCO

"President Wilson" (via Japan) .............................

"General" Gordon" (vla Japan)

Jan 15 Jan. 30

"President Cleveland" (via Japan)

Feb. 12

TO SAN FRANCISCO AND LOS ANGELES

"Profident Tate" (via Japan)

Jan. 17

"President Madison" (via Japan)

Jan. 21

"President Mckinley" (vin Yapan & Honolulu)

Feb. 11

TO NEW YORK, BALTIMORE & BOSTON VIA PANAMA

"Dartmouth Victory" (calls Pacific Coast)

ROUND-THE WORLD

Jan. 24

VIA SINGAPORE, COLOMBO, KARACHII, SUEZ, ALEXAN- DRIA. MARSEILLES, GENOA, NAPLES, NEW YORK and

"President Jefferson"

"Marine Snapper"

BOSTON

"President Folk" (calls Manila)

St. George's Bldg.

Jan. 12

Jan. 50

Feb. 8

Thi N2 27/2012

-

American Pioneer Line

Arrivals from New York, Boston,

"COURSER"

Other Atlantic Ports via Panama

"PIONEER WAVE"

Sailings to Mantis

“COTRSER"

"PIONEER WAVE"

Jan, 7 Jan. 23

Jan. 8

Jan. 24

Sallings to New York. Boston, Philadelpbla

Baltimore & Other Atlantic Ports via "

"RESOLUTE" "COURSER"

Panama Canal

Special Cargo Oil Tanks-

Due Jan. 15

Salis Jan. 10

Due Jan. 23

Salla Jan. 24

For Full Particulars Call

UNITED STATES LINES

Queen's Building,

Company

Tel 81251 (3 lines

BENDLINE

FROM TRA ARRIVALS

8.9: "BENVRACKIE”

S.S. "BENVENUE"

FAD LAST

JUD

#HAJDO

U.K. V.K.

Mid Jan 2nd Half Jan.

SHIP

SAILINGS

TO

LOADING

18.8. "BENNEVIS'

8.8. "BENVRACKIE" 8.8. "BENLOMOND” S.S. "DENVENUE"

• Calls at Genoa.

Calls at Lelth.

J

10th Jati.

Mid Jan

Aden, Port Said, Havre, London, “Antwerp, Rotterdam, End Jan

Hamburg & Hull. Mid Feb,

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

York Buliding.

Telephone: 34165.

KLAVENESS LINE

SAILINGS

Direct to Vancouver, Seattle, Portland, San Francisco & Los Angeles

M.S. “BOUGAINVILLE”

14th January

ARRIVALS FROM PACIFIC COAST

M.S. "ROSEVILLE" M.S. “BOUGAINVILLE” M.S. “FRANCISVILLE”

4th January

13th January

17th January

Salling to Singapore, Penang & Batavia M.S. "FRANCISVILLE”

Passenger Accommodation - Chinese Freight Agents, HOO FOOK PING THE BANK LINE (China) Ltd

18th January

Byłk Oil Troka Apply:-

THE BANK LINE (CHINA) LTD. King's Building. Tel.: 27792.