1949-02-14 — Page 10

Papir - 10.

OYAL INTEROCEAN

Resinger-and

"TJISADANE'

*TASMAN"

LINES Freight Sources

JAVA-CHINA SERVICE

"TJITJALENGKA"

TJIBADAK

Arrivali

In port

from Macassar

& Javaports 19th Feb.

In port

from MascASSAT

& Javoports

3rd March.

Sallings

to Javaports de MocassOT

17th Feb.

to Manila 8th March.

to Javaports & Macassar 3rd March.

to Shanghal

6th March.

to Javaports

& Macassar 17th March.

ASIA AFRICA-S. AMERICA SERVICE

RBY8"

Arrivals

In port

"STRAAT SOENDA"

from

"BOISSEVAINTM

South Africa, 16th February. from

"STRAAT MALAKKA"

South America

& South Africa.

31st March, from

South America

& South Africa, 5th March.

Sellings

to South Africa

& South America

24th February

5. p.m.

to Bouth Africa

& South America

21st March,

to South Africa

South Amerien,

18th April.

to South Africa

& South Amerien, 12th May.

All Steamers Calling Mombasa & L. Marques Direct.

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

Zanzibar accepted on all sailings.

SUMATRA-MALAYA-CHINA SERVICE

*VAN HEUTSZ"

"VAN RIEMSDIJK"

Arrivals

from Amoy

& Swatow,

26th Fab.

from A. Dell &

S'pore 8th Mar.

Sailing

to Straits

& B. Dell

27th Feb.

to Straits

&B. Dell.

17th Mar.

Agents: HOLLAND-EAST ASIA LINE

RIJNKERK"

"MELISKERK”

"MARIEKERK”

*MOLENKERK"

Arrivals

from Europe 19th Feb.

from Europe

4th March

from Europo

Sailings

to S'hai, Japan

và Keelung

21st Feb.

to Europa via Manlia & Strait

Early March.

to S'hai, Japan 6th March

to Europe via

Manila & Straits

end March.

Manila & Strails,

to Europe vla

Early April.

Mid April

from Europe

to Europe vin

Early May

Manila, & Straits .Mid May.

Trasshipment cargo on through_Bs/L accepted to Mediterranean and Northern Europear, poris.

Office Address: King's Building, Phones: 28015, 28010 & 28017

Tel 31190 & 21532 Chinese Agents: 82, Connaught Rd.

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 "DONA AURORA”

m.v. "BENARES”

11th Apr.

THE CHINA, MAIL, MONDAY, FEBRUARY

BRUARY 14, 1040,

FINANCE AND COMMERCE

ON

CONFLICTING. THEORIES COMMODITY PRICE DECREASE

Business In North China

Shargital, February 15. The Communist authorl- tles in Tientaln are not in- terfaring 100 much with buxiness acilities in gene aral, according to • report received by a business con, cern here from the North China port.

Another firm in Shanghal

Is said to have been asked: by Ita North China branch whether It should resump operations in the light Of not too adverse cireum- atances Reuter.

Sinkiang's Talks With Russians

Nanking, February 13. Preliminary discussions on an economic agreement between! the Soviet Union and Sinklang. | the North West Province of Nationalist China, have been Sin- Tihua, in completed at klang.

Now York, February 13.

Is this the American business recession só maný people have been scoing in the offing now for throo yours? Or is it the lovelling off of the inflation spiral?-

Economists are offering a wide and conflicting

choice of reasons for the recent commodity

Living Costs In Australià

per

Canberra, February, 13..:

Australla Living costs In hava, risan almost 60 cont since September,, 1938, the Acting Commonwealth

break. Some US Government officials say port

it is due to speculation on the Chicago grain Board of Trade.

Other private economists say usually high and could not it is the return of the law of held-not even with the ́help- Goverment supply and demand. President ing, hand of the Truman's loyal opposition says holding them up. And farm In- it is the fault of high taxes come Is still higher than it war nothing left over from the pur- before the war, even at the new

post-war low prices. chase of goodis.

"The levelling off or softening Production in the soft indus- of some prices has been exag-tries-textiles, home appliances

ke is off from th gerated or misinterpreted," says and the Leon H. Keyserling, Vice-Chair- post-war peak, attained under man of the Council of Economie the artificial stimulus of pent- Advisers. He thinks inflation up wartime demand. But t

still about the pro-war level. still a real threat.

And people are going right alons wearing clothes, replacing ward- robes, and buying refrigerators: as they find the money.--Asso-

peo-

Certainly the American ple have never enjoyed a period of greater general prosperity than in the last three years. And just as surely there has cinted Press. never been a boom In which people had so little confidence.

Every Ameripan putting aside something when he could-because he had not the least particle of faith in tho prosperity around him.

Many Warnings

bees

N.Y. Stock Exchange

crouzd

Brisbane showed an. In- of 49.1 per cant, Melbourne 40.5, and Sydney 45.7 per cent.

The heaviest Increase in In the cost of clothing, which is higher by 117.7

It was por cont, than 1999. Food went up per con-United Press.

In 42.0

Chase Bank Makes Loan To Spain

го

Madrid, February 12, The Spanish authorities

furnish on fuse outright to details

terms of the

of the New York, February 13. This was a week of declining Chase National Bank 1820,000,- prices on the New York stock 1000 loan to Spain.

Each step up the inflationary | ɑxchange. ladder. was accompanied by warnings:

No details of what may have

"This can not last-tomorrow been agreed to have been revealed.

Each sign Earlier reports said the Soviet comes the recession." Union is seeking permission to af softening, like the commodity break of a year ago, valuable price Sinklang's exploit mineral resources, including some brought some cries of "This is

it-the recession has started." metals used in steel production.

And each time, up to 80 The discussions were between

forces reformed

naw.

Nothing firm is known here While there were exceptions to beyond the bare information is the downward trend among in-sued in New York and nothing:

officially stated here dividuni stocks, average prices at has been

Inst March. sluce

iously estimate the interest rute, the week-end were the lowest Reports in financial circles var-

Brokers

okers sald

that in addition to between two and three per cent the general bearish attitude gen-while the commercial counsellor crated by

British Embassy heard falling commodities, of the many people had to sell stocks to that it is an unconfirmed five per realise cash with which to share duration of the loan up

commodity margins. totering a representative of the

Other rea credited in

reasons

in Wall rumoured to be anything be tlonalist Foreign Ministry, Mr. beaks of production, of national

Income; of personal Street with.

wid Liu Tse-yin, and two representa consumer

responsibility for tween two and five years, wages, cf in-

gold collateral. It is believed it keeping investors tives of the North West Pravin-avings, of high

away

here that thi certain

be used for the pur-1 chase of fertilisers and agricul tural machinery.

vlet Consulate officiala in Thundation,

went higher and higher-record

and a

from

cint Administration, Mr. Lin Men-Date Prices, of impressive co-stocks included devlopments in financial circles

porate earnings. anan and Mr. I-min,

sistence of the President and his The talks followed a Soviet things have receded from their Washington such as renowed it loan will

peak. A few others are still Secretary of the Treasury that the The majority seem original US$4,000,000,000 addition- going up, to be standing still, waiting.

communication last month: to the Nationalist Government to reopen talks begun two years ago when a Nationalist decree, authorising trade with the So- viet Union, was drafted but never promulgated. The Inner Cabinet Minister, Mr. Chang "Chih-chun, Governor- General of the North West Pro- vinces, was recently appointed by Dr. Sun Fo's Cabinet to supervise the discussions with the Soviet of- ficials-Renter,

Rice Price

End Apr. At New High

SAILING FOR U.S. ATLANTIC COAST VIA LOS ANGELES

m,y. “BATAAN” (Direct)

m.v. "BENGAL”

5.5. "DONA AURORA”

22nd Feb.

3rd Mar.

15th Apr.

THE DE LA RAMA STEAMSHIP CO., INC.

(Incorporated in the Philippines)

MARINA HOUSE Trix., 23670-22678.

CHINESE SHIPPING OFFICE

Tels. 23788--2015.

THE EAST ASIATIC CO., LTD.

OF COPENHAGEN

M.S. “MALACCA”

NOW LOADING

for

-ADEN,--PORT SAID, GENÒÂ,- CASABLANCA, ANTWEILF,

ROTTERDAM, HAMBURG, OSLO, GOTHENBURG

AND COPENHAGEN, V-

Tanks avaliabls for the carriage of oil in bulk.

THE EAST ASIATIC CO., LTD.

Queen's Bldg., 2nd floor,

Tel: 34111 &′ 34112.

CHINA MERCHANTS S.N. CO,

Shanghal, February 13.

健

A high officiul of the Telephon And every time some one got taxes asked for be provided by Company denied that part of the hurt, he ran to the Government what appears to be a reluctant loan will be used for the amorti

Congress.

sation of the International Tele He asked the

and It has been thought in some graph

ส Telephone dolla for protection. Government to buy his surplus goods, protect him

from com-quarters that the current down-bonds or other payments to it.

ward trend. In business activity, The Spanish Government har petition, prevent his own prices mounting unemployment and the flown to London for depoar from falling but to bring down drop in commodity prices might the gold collateral for the loan the cast of the things he must indicate abandonment or modifi- Authoritative financial source buy. Controls have been the ***

cation of the request for more say the gold will remain in Lon order of the day,

taxes. This kind of thinking op- don for the duration of the loan Back Into Porspective?

shared in the Other sources say parenty is not

Spanish readjustment, Government-Associated Press. presentatives are present

leaving soor sparked again by the commodity

Washington In an effort tr Brice-break, may-be-but-another

negotiate loan from the Ex sign that the nation's business

port-Import Bank. and economic life is getting back

Would more Into perspective. controls softeri the jolt? От would they merely confuse and delay normal readjustment?

The

the

Charter

Seamen-

For

Geneva, February 12. Australia has ratlled the In

FOR

re-

In Washington, officials denied the reporter any knowledge of mission to seek an export impor bank loon. They make it plair that if a

loan is sought, the answer will be no-Reuter ant Associated Press.

WALLACE ON- COLOUR BAR

The average Individual's personal budget has been alternational Convention on wages Rice dealers Ignored Mayor

out of joint for ecveral years.) and, working-conditions at sea, K.C. Wư' ceiling', prices and He has been paying a greater the International Labour Office sold rice for 10,000 gold yuan |

part of

His income for food announced here tonight per 133 pound picul today.

and, for clothing than he did

Sweden Bhd France Ware hit- The China Press called it an before the war,

herto the only countries" which all-time high. The calling is GT-A drop in purchases at the re- had ratified any of the Conven- Washington, February 12. 4,800.

tail stores at this time does not tions adopted by the ILO Mari- Mr. Henry Wallace, chief of Wu again threatened punih necessarily mean that people Ume Conference la Scuttle on the American Progressive Party inent if dealers do not sell as have everything they want. Few June 29, 1940.

making his first major speech do.

havé They still signed quotas under the ration people

These provide for an interna- since last November's elections, programme. Thus far, they have about as much money now 96 tignal 112-hpur working, fort- told a Negro Church rally here

year ago for sold only 2,000 plculs out of 130 they did n

night for seamen with a £16 that the Republicans and Deng- 000 assigned them at low Gov- even the desired luxuries.

the necessities,

conveniences, monthly minimum wage, 13 crats had betrayed the country by In days holiday with pay and sa-not pressing for civic rights for ernment prlogs.

Negroes. The dealers strike coincided spite of work lay-offs here and elul security measures.

there, the general income level with turbulent money

This markets

"Charter for Seamen" Mr. Wallace claimed, that the with the gold yuan going as low is about as high as it has ever will come inte operation when Republicans and Democrats had ratified by pine countries, five falled in their policies at home as 1,000 for one U.S. dollar. At been. the some time, à, terrific, demond

Farm Income

of which must have a merchant and abroad. The Progressive for currency set in, to meet pay: Farm income.

demanded Beat of one million tons or more. Party down-the

which albro rolls on February 15-Associated first time in 10 years. But even

--Router.

completo economie, political ad Prens.

farmers admit that it had been'

social equility; would not rest until Negroes sat fit only in Congress but in every Sate legis- Inture and Town Council he de- claredReuter.

is

HONGKONG / MACAO

DAILY BAILING

FROM HONGKONG FROM MACÃO TUNG ON WHARF No. 18 WHARF

2.30 P.M.

T.S.S. "CHEUNG HING” 8.00 AM, S.S."WING HING" 2.30 P.M.

Further Particulars Pikaso Apply:- TA HING CO. (HK) Ltd. St George's Bldg., Tola: 31288, 81289

Zubject, to Albrations. Without Notice

| Connaught Read Wayt,

SAILINGS

DRAGON

S:S: HAI TIEN

Feb. 17

PERBAT REPUBLICAT)

PRICE INDEX

New York: February 13, The Associated Presa index of wholesale' commodity prices stayed close to Its 1046-49 low this week at 165.30 compared

with 168,40-a-week ago and 180.- 32 a year ago,

It was, the seventh successivo weekly decline, Associated

Prese

INDIAN EXPORT TRADE CONTROL

New Delil February 12: The Cominlerce Müllstry-di- "nounces that all pübüs from hard ind meðlum currčitey areds will bó brought within the purview of

control export trudo thiy ard otherwise ok not—will the view tờ

-SHIP MOVEMENTS San Francisco, February 13.- Departures-Flying Scudd left for Yokohama, Garden State for their re-ckport, Guam.-Associated Press.

Pacific For East Line, Inc.

Fast Regular -Trans-Pacific Service

"AND. ALL,

LAND:

•The anngurice

following in Kurd and

prevent

| currency Brents, (he whole of

Anterikan

BELLI, CHIB, Urligins, Peru: dac territorios witch are part of the

or Dutch thon trans

Philippines Portugal and, coist 16%, orclining portigues minik, and Bizolia", Germany Bettter.

SILVER DOLLARS

AMERICAN PRESIDENT LINES Cargo Oil Tanks Refrigeration Cargocaire

TO HONOLULU AND SAN FRANCISCO “General Melga” (via Manila & Guam) "President. Wilson" (via Shanghal & Japan) .......................................... "General Gordon" (vla Shanghai &Japan)

Feb. 18

Mar:

Mar.

TO SAN FRANCISCO AND LOS ANGELES via SHANGHAI & JAPAN

“President McKinley" (omita Shanghai) ................. *President Taitoon tria "President Madison""""

TO NEW YORK BALTIMORE & BOSTON VIA PANAMA

"President Fillmore" (calis:Paolfię Onnst) rii "President Tyler "(calls pacific. Const)

ROUND-THE WORLD ·

28

VIA MANILA, SINGAPORE, COLOMBO, KARADIN, SUEZ, FORT SAID, ALEXANDRIA. MARREILLES, GENOA, NAPLES,

· NEW YORK and BOSTON

fount Davis"

"Mount: Mansfield" (Singapore Direct)

Feb. 17

... Mar. 1

Niar. 22

ARRIVING FROM SAN FRANCISCO

"President Monroe"

"President Fillmore

St. George's Bldg.

Feb. 28

Tel. Nos. 28ATT/283JH

American Pioneer Line

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

*PIONEER COVE": "PIONEERSKA"

"PIONEER COVE“ "PIONEER SEA”

Sailings to Manila

Feb. 21 Mar. 1

F60.122 Mar.

Sallings to New York, Boston, Philadelphia “Baïtimore” & Other Atlantic Ports via

Panama Canal

3

-Special Cargo Oil Tanks --

"PIONEER WAVE" "PIONEER LAKE" "PIONEER COVE"

Sails Feb. 16

Sail Feb. 38

Duo Feb. 15 ..Duo Feb. 25. ¡Que Mar, 10°

For Full Particulars Call

Sails Mar. 17

UNITED STATES LINES

-Queen's-Building,

Company

Tel-31201 (3 -Unes)"

BEND LINE PLINE

SHIP.

"BENREOCH" "BENDORAN" "HENLAWERS"..

* "BENREOCII""

* "BENDORAN"A"

"BENLAWERS".-

¶ "BENALBANACIF?

* Calli Port Budan.

§. Calls Dar-es-Salaam.

ARRIVALS

FTCOM

[U.K. U.K UK: BAILINGS

טיג

DUE

Discharging ›K/Wharf

2nd Half-Feb. End FebruaĘ)

Aden, Genoa, Havre, London, Antwerp & Hamburg „Liverpool.. -

London, Antwerp, [Rotterdam- & Hall

LOADING

14th Feb.

Abt End Feb.

1st Half March

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

Fork Huilding.

Talophaner 34160.

KLAVENESS LINE

SAILINGS

Direct to Los Angeles, San Francis

Seattle & Portland

'M.SZERA

ara much in dänaud ka tas gold yunk currency contist

Sailing MSH

Vancouver,

28th Feb.

M PACIFIC COAST:

nham