1949-04-23 — Page 12

Page, 14

ROYAL INTEROCEAN LINES

JAVA-CHINA SERVICE

**TJTJALENGKA"

“FJISADANĖ"

""TJINADAK"

•

“Arrival

From Shanghai

& 'Amoy 26th April. From Macassar

& Javaporta 28th April

From Macassar

& Java Ports 13th May.

Sailing

is invaports

& MachssaT

28th April,

to Shanghai

20th April.

to Javaports & Macassar

12th May.

to Shanghai

14th May.

to Java Ports &

Macassar

20th May.

HONGKONG-MANILA-CHINA SERVICE

*TASMAN"

Arrivals

From Manila & Amay 28th April.

Sallings

to Manila & Amoy 3rd May,

SUMATRA-—MALAYA—CHINA SERVICE.

"YAN HIEMSDIJK"

VAN HEUTSZ”

Arrivals

From Amay

& Swatow

20th April From B. Qei & Straity

29th April,

ASIA-AFRICA-S. AMERICA

"BOISSEVAIN"

"TEGELBERG"

Arrivals

From Jupite 29th April

Sallin

TO B DELI & STRAITS 27th April.

8th May. SERVICE Saulings

TO EAST & SOUTH AFRICA

& SOUTH AMERICA, 3rd May,

"STRAAT SOENDA"

From Japan 21st May

24th May.

FROM SOUTH AMERICA &

SOUTH AFRICA,

7th June.

2nd June,

18th May.

18th July.

**TFIKAMPEK"

All Steamers Calling Mombasa & L. Marques Direct.

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

Zantlbar accepit, on all sailings.

Agents: HOLLAND-EAST ASIA LINE

"MARIERERK"

"MOLENKERK“

'MEERKERK"

“KLINKERK”

Arrivals

From Jupan

Shonghai

4th May.

FROM EUROPE

10th May.

early June

early July

Sallipes

lo Europe via

Manila & Straits,

5th May.

to Shanghai, Japan

12th May.

TO EUROPE

VIA MANILA,

& STRAITS

viel May.

Mid Juri

Mid July

Transhipment cargo on through B/L accepted to Indian,

Mediterraneat and Northern European ports. Agents: SILVER LINE

"SILVERPLANE"

Arrivals

Sallings

From US via

to U.S. nud May.

Pacle Const carly May.

Office Address: King', 'Ballding, Phones: 28015, 28016 & 28017

Chinese Agents: 82, Connaught Rd.

Tel. 31196 & 21533

DE LA RAMA LINES

ARRIVING FROM U.S. ATLANTIC COAST .

VIA LOS ANGELES & SAN FRANCISCO "DONA AURORA"

1.3.

.v. "BENARES"

m.v. "DONA ̃NATI“

4th May

5th May 28th May

SAILING FOR U.S. ATLANTIC COAST

VIA LOS ANGELES

m.v. "BENARES"........

7th May

28th June

1.5. "DONA AURORA“ (calls Shanghai & Japan) 4th June m.v. "DONA NATI"

THE DE LA RAMA STEAMSHIP CO., INC.

(Incorporated In the Philippine)

MARINA HOUSE Tels. 23676--22675

CHINESE SHIPPING OFFICE Tel. 2373820153

THE EAST ASIATIC CO., LTD.

OF COPENHAGEN

M.S. "KAMBODIA

LOADING ABOUT 11th MAY

for

"

ADEN, FORT SAID, LE HAVRE, 'ÄNTWERP, ROTTERDAM,

GAMBURG, OSLO, GOTHENBURG AND COPENHAGEN,

Tanks available for the carriage of all in bulk

THE EAST ASIATIC CO., LTD.

· Queen's Bldg., 2nd floor.

Tel.: 34111 & 34112.

CHINA MERCHANTS S.N. CO.

15, Connaught Road, West.

S.S. TIEN SHAN

SAILINGS

Holkow

Telephone 31633.

THE CHINA MAIL, Saturday, ApriL 23, 1949.

FINANCE

AND

COMMERCE

"INEVITABLE CHANGE" IN THE GOLD PRICE

Hong Kong Stock Exchange

The resumption

business of after the Easter recess found an excited bull market. On sellers appearing in some force the ax- citement gave place to a more temperate altitude. The market has since turned quietly steady, and, though the earller gains have not been maintained, there is some chiffeulty i lling require menta at present levels.

The Directors of Indo-Chinn S.N. Co., Ltd., have announced a dividend of

on Preferred shares and dividend of 10% and bunits of 10% on Deferred shares all subject to appropriate rate of tux; the Directors of Chinese Estnies have declaret final divi- dend of $5 free of tax.

ILK. GOYT, LOANSI

4J101.

*** Fame (1906 * 1910) jezn.

BANKR M.K

#3113065, 1910/IG.

ston, Ben. XINZA. Chartered Bank £10-13,100. Mercantile Bank A. U. £200. Dank of East Anfo taun,

INSICANCER:

Cantun Ins, 3456, 355na, tal, Jos, food, Titra. China Unterwriter G. BK, Fire J. 6p.

BRIPPING,

Dom.

H.R. 4 M. Bentwats 17.

the Chines (Pref) 950.

+Det, 255.

Shell Bearer 06/7,

Union Waterboats X.D. 30. Ana Nav. 7AD.

DOCKS, WHARVES, GODOWNA, BC.1

H.K.K, Wharves 174,

North Polet Wharven 67, 5.70. Shanghai Honakew Wharvez Hün.

B.K Dock, 19 m.

Ching Providente X.D, GA.

Shanghai Dockyard

Wheckucke 2014.

MINING.

Raub then 142 n.

H.K. More Milan.

Blah,

LANDS, HOTELS AND BUILDINGS;

15. S. Ratels 115, 11.00e, 115 en. 1.K. La 445, 67me, Santo 2.40, 2.20a

Bumphreys 11,ven.

H.K. Belles n.

Cible Fatmire X.D. 165N.

PUBLIC UTILITIES:"

H.K. Tramways lüb. 17.

Pak Trat (0) 20.

(New) 11.

Star Ferries 1176,

K. Lights (Old) 136, 13.207.10.

(New) Bygh. 9w.w.40/4.0.

H.K. Electries 2.

Muzmo, Electries 28 n.

Sunakan Lights

2.

Telephones 241⁄2b, 25ım.

Sheraphy) Co 4

}

INDUSTRIALS:

Cald. Mace. (0) R.

Canton, Iers in.

Cemrata is

ILK. Ropes 10.10.

MTORES, Ct.t

•

Dulty Forine X.D, 50. Watsona 45. 448, 49743%)am.

le. Crawforin (Qld) 20m.

(New) 23.

Sinceres 0.800. Chinn Emporium in. Sun C. 18. 3, Kwong Haug Hot 112. Wing On (..) 100, Wi, Powell, Tad. Jin,

MISCELLANEOUB

China Entertainmenta dia. U.. Ctruetles (045) 6.

(Negs and Vibro Pilingi 16.

Mateman livewfsienta "9/-n. Marian H.K.

Shanghal Loen 26, 251. Yantas 3b.

COTTONE:

ደመው ግ.

EUDRER, Ele, COMPANIES:

Alsi Pätute.

Batu Anais Zơn.

Bui Flant 'in.' Chemaren 10.

Cheng Rubbers Iib. Consolidated 1.300, Dominion in.

Paddhatom

£50.

-Kápah Rubber

Nubber Trusia 2, Sa Bamarkera 10. Samambus Ben,

Bh. Kedah 3b.

Bh. Málara '40.

Bua Mangel ,10n. Hunzel Darla 10.00h. Tanah Meraha 80

-bare-2004

Capetown, April 21.

Mr. Nicolage Havengo, South African Minister of Finance, said today that thousands are plan- ning to benefit from the inevitable change in the price of gold which, they see, must come sooner or later.

The manifest injustice of the price of gold is being

many quarters, he said.

commented on in

Mr. Havenga was replying In the House of Assembly here to criticism by Mr. Frederick

former Sturrock,

Financo Minister, during the budget denate, that he had spoken hopefully about the gold price.

SOVIET ZONE IS LAGGING

New York Stock Exchange

New York, April 22.

the Heavy selling hattened stock market suddenly yesterday.

Individual stocks cracked one, to an extreme of three. The gen- »rál level of prices dropped to a Jow since February 28.

Whe

Nourty US$1,000,000,000 chopped off the value of all itsted stocks. Volume was 1,300,000 sitares, the largest this month. Wall Street sources said the sell. ing climaxed a long series of un- news developments. favourable These developments, they aid, showed business will not make as much money this year as it did last. Here are some recent new, Berlin, April 22. The Soviet Zone of Germany developments the niarket did no Finance is recovering only half as fast

Chinese situation,. price economically the Bizonal reductions

consumer to official wholesale levels, frillure of Can-

"By keeping silent on this subject. I should not have been serving the best interests of South Africa and of our greatest export Industry."

the

Mister sold.

Speaking of

Union's the balance of

payments and of im- port restrictions,

05

aren, according

The

the Minister | Russian Agures, a British econo- | Kress to produce satisfactory said that South Afrlea still has a mic expert stated here today. labour legislation, the long de-

cline

In business fonds, the strik- long way to go before the post- tion is restored.

The figures were given recent- | ingly unfavourable first quarter Vicecorpings

"It is likely that we may have to tide over the period until the import restrictions are in full

feet by suspending

our mini- mum reserven requirements,' he

ald.

ly by Brund Leuschner, President of the Economle Cominlssion.

Eastern zone

"Although they are given only us percentages, it is impossible to senpe the conclusion that the the Eust is very far bohlörl West," the British expert said.

Now Commitments The amounts for which new commitments could be entered Into for the first alx months of the second quota year be. pinning July 1 would have to be cut to allow overdrafta to Leuschner's figure for the in-

be worked off.

Not more than about £45.000.- 20 worth of new commitments could be

undertaken for sterling imports

orts and £40,000,- 000 for Stering imports.

Once the overdraft had been i cleared and the reserve restored, it would be possible to install new Import quotas. The Government cloes not intend to retain import restrictions

longer than necessary, Mr. Havenga added.-- Reuter.

any

Jap Trade Programme

Tokyo, April 21.

"Clearly it is easy to record a largo advance in percentages if the base figure is low," he” add- ed.

<rease of total Industrjal produc- tion from 1947 to 1948 was 26 per cent as ainst the Bizone's 54 per cent.

Individual

In

industries, where the percentage is pub lished, it is again posible to draw Interesting conclusions, the Expert eald.

He gave the following table of production increases:

Metals: Soviet Zone, 40 #ጥሮ cun!' Bizone, 71 to 154 according to industries.

Engineering: Soviet

Zone, 38

per cent; Blzone, 29 to 415.

Chemicals:--Soviet zone, 34 per cent; Biżone, 44 to 102-Reuter.

Money Market

شراقة

wos

yesterday

A Japanese Foreign Trade Bureau offlelel today outlined the Import-ckport programme for the fiscal year ending next March 31.

Jiro

Fujisawa, the burenu chief, said projected exports total £150,000,000 of which tex- tiles will cent, machinery metals nine per cent and other items, such as glass, chinaware, miscellaneous goods, coal, com- ent, canned goods, lumber, farm and marine products, medicine and chemicals running from one to six per cent..

Gold Yuan on to 11 cents for 10,000 for jiong

Kong delivery, 10 cents for remittances to Canton, and cents for remittances to Shanghai.

Plastres opened at HK$10, 07% account for 31 per 1 100 and closed at 20 cents

per eent.higher,

14

Ticals were unchanged at HK $24.10 a 100,

NEI. Gullders were lower at

$31.90- a -100.

Both Sterling and Australian pounds WCTU ungbanged at K$15.00 and HK$13, 20 respec- tively.. PAW

Projected imports total £260,- 000,000. Including textile materials as the top Item-some 850,000 bales of raw cotton £36,250,000.-United

valued

Press.

ን።

NY COTTON

New York, April 22. Cotton moved narrowly, clos- ing live to 60 higher.

33.01

34 32.20 — 22 28.02 23.79 nominat

May

July

October

December March

28.68 nominal

Middling spot. 32.01

Associated Press.

SHIP HITS MINE

Hamburg, Aprli 31. The Hamburg signal

station today reported that the Ameri- can-bullt freighter, Indian Mer- chant, owned by the Indina Steamship Company of Calcutta, struck a mine of the Island of Borkum In the North Sea.

PI INTERNAL REVENUE UP

American

of report

of Woollen, curtailment

opera- tions by some business.

Dow Jones averages. Stock: 02.05;

19 20 Industrials: 173.24; Rails 47.33:10 Utilities 35.04.

Closing quolations:

Aduras Express: 18 Aimska Jones: A American Ch.92 American Smritisgi, 45 Ameriena. Telepbane: 241 American Tolnego; Ga Amelen Waterworks: 75% Anaconda Copper à 30 Abition Corporation Baldwin Lawumotive: 10% Barna: 44

Bendix Aviation: 13% Nethlehem Mel: Big Aircraft; 213% Burson Co 40%

Canadian Pacific: 1

1.1 *Caret 325

Chrysler: 54

Coletes

A

Commercial Sailrentes 1472

Corn Krulueta

Du Pont: 1806

LINES

Cargo Oil Tanks Befrigeration--Cargopalre

TO HONOLULU AND SAN FRANCISCO

viạ SHANGHAI & JAPAN

"General Gordon" (via Manila & Japan)

"President Wilson

Apr. 24

"President Cleveland"

May 7

MAY 22

TO SAN FRANCISCO AND LOS ANGELES

via JAPAN

"President McKinley"

May 11

"President Tatt"

May 19

TO NEW YORK, BALTIMORE & BOSTON via PANAMA

"President Gràng” (Direct to Puolfic, Coast) "President Johnson" (Direct to Pacific, Coast)

ROUND-THE WORLD

************* May 7 Krokar Jnë 10

VIA MANILA, SINGAPORE, COLOMBO, KARACHL BUEZ,

PORT SAID, ALEXANDEIA, NAPLES, MARSEILLES,

GENOA, NEW YORK and BOSTON

"President Van Buren"

"President Jefferson"

May 4 May 10

"Marine Snapper"

May 28

ARRIVING FROM SAN FRANCISCO

"President Johnson"

May 10

St. George's Bldg.

Tel. 28172/5,

American Pioneer Line

Arrivals from New York, Boston,

Other Atlantic Ports via Panama

"PIONEER MAIL"

"FIONEER BAY"

PIONERR DALE"

Apr. 24

May 2

May. 18

"PIONEER LAND"

May 20

Sallings to Manila

"PIONEER MAIL"

"PIONEER BAY"

"PIONEER DALE (Thence to New York Direct)

Apr. 25

May 3

Alay 19

PIONEER. LAND"

May 21

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

Shanghai, Japan & Panama Canal -Special Cargo Oll Tanks→

"PIONEER BAY" (yla Manila) Due May 2

Sails May 3

"PIONEER MAIL" "PIONEER DALE"

Due May 12 Die June G

Bally May 14

Sails June 8

1

Electric Slabt & Power: 23 General Electric: 37

Entran Kuntik;

General Mature: 38%%% Gewrich: 63

Cinoyrar: 41%

Homestzke Mining; 4145 International Murventer: 245 International Paper: 48% International Tel, à Tel: Juhos Manville, A Kraneepit Copper: 44% Montgomery Ward: 6 National Distillerm: 173 Matlus) Lend: 27

New York Central: 10% Packard Motors: 25% Pan-American Airenze: 24 Faxnsylvania : 15%

Raille Corporation: 13 Real Silki 121 Hemington Rand: Republic Steel; 218- Reynolds Tubaceu: 34% Behenley: 5

Gears Roebuck: 3714 Abell 34%

Bocony Vacuums: 14

Southern are: 40.

andard Brænila: 173

# N.J.: 67!

Standard Oil of Calif↑ GAYS Standbed Studebaker: 18 Bulan Bag: 30 Union Carbiter 27 US Rubber: 95% US Biel: 10% US Lines:

Westinghouse: 221§

Youngstown Sheet 2 Tuber 02% General Puble Utiles 1215

-Associated Press.

LONDON STOCKS

Manlia, April 22. The Philippines registered an increase at 50,000,000. Pesos in Internal revenue collections for

"London, April 22. Pront-taking in leading indus- the Arst nine months of the trials on the stock market yes- present fiscal year.

terday erased some gains scored. The Collector of Internal Re-earlier in the day. Bear selling venue, Bibiano L. Meer, reported also entered the market.

Prices that during the

period from generally closed irregular, January to March 31, collections

Gilt-edged issues were dren amounted 10 227,385,087 Pesos. with particulis demand fox For the corresponding period of medium dated shares. Kamira last scal year, the total was were mixed with Free State

Pesos. 177,120,000

Associated issues asler, Press.

Financial Times' Index: 115.0, oft .1-Associated Press,

CHICAGO GRAINS Chicago April 22, Whent added another cent ind

A radio imessage from the brisk trade, continuing Its cur vessel said she is proceeding to rent advance. The action bojster- Rotterdom at half speedUnited 'ed other grains which were weak

in eaply trading

Press,

TEXTILE, MARKET

Cotton

New York, April 22.

textile trading | was quiet. Scattered lots of prints and sheetings sold for quick dell-

Very.

Woollens were quiet with or- ders for Autumn worsteds slow. Ray business was routine. Associated Press.

July

When closed 4-14 higher. $2.24 1-96 $1.97 4- $1.07 4 31,09 %

September December Com was 4-% higher. May

$1.35 - Data were lowen to higher. May:

Soybeans were two higher. May

32-26 31-$2.27 Associated Press.

Pacific Far East Lou

Line

"Fast Regular" „Trans-Pacific Service

3,L TOVERLAND: NEW YORK-CHICAGO-PETRUIT-TOROK

- MONTREAL AND JALU" AWRITOAN 'A'DANKDAN DITTER,

For

DIRECT

SAN FRANCISCO, LOS ANGELES,

Tjene

Franciden

Apr. 11

April 26

"ORKAT › REPUBLIC" 4. "BRA SKIPANT "LIGHTNINGT

Apt. -22 shout Apt. #

Mens Brieichen # 304,

Ban Franclaro, & Late

"May "19

MAY 21

Mer 11

"PLYING DRAGON" ↑ "BUXFRINK" ↑

Notice To Consignees

M.V. "STENTOR“

Damaged cargo ex this vessel will be surveyed at Hbit's Whart between 10 a.m. and Invon on April 25 and 26, 1940 and consignees are requested to have their representatives pre- tsent during the survey. -

BUTTERFIELD & Swine, Agents. Hong Kong April 23, 1949.

NOTICE TO CONSIGNERS HOLLING

·P.-40., B. L., & E. & A. BILLS OF LADING Messrs. Goddard+'& Dotirlas

For Full Particulars Cali

The above list indicates the principal ports of loading and discharge as presently intended but not their rotation.

Fot further

information seo schedule at the Company's Office.

UNITED STATES LINĖS

Queen's Building,

Company

Tel. 3251 (3 Enes)

BEN LINE

SHIP

"BENWYVIS" "BENLEDI" *"BENRINNES* "BENAVON" BENARTY" "“DENVENUE"

SHIP "BENWYVIS”

{"BENLEDI" +"BENAVON"

"DENVENUE" "BENRINNES". “HENARTY"

OARD

FASH

ARRIVALS

FROM

U.K. via Singapore

SAILINGS

TO

Genoa, London, Búfi & Ekiti.

London, Antwerp, Rotterdath. Hamburg, Liverpool & Glasgow Liverpool; Havre, Antwerp, Rotter- dam, Hamburg.

Accepts chrgo for. Jöban

¡y calls at Port Sudan.

t. Calls at HIL. •

DUK

23rd April. ABL 5th May. girly. May,' 2nd half May. End of May. 1st half June.

J

LOADING

Abt. 25th April. Abt. 7th May. 2nd half May. 2dd half Jine. 1st half June,

2nd half June.

For Further Particulars, Apply To—-

W. R. LOXLEY & CO. (CHINA); LTD.

York Building..

"Agents

Telephone: 54165.

KLAVENESS LINE

SAILINGS

Direct to Los Angeles, In 16 days Thence · San Francisco, Vancouver, Seattle & Portland M.S. "BOUGAINVILLE” Loading 30th April M.S. “SUNNYVILLE

30th May

Lánya, and /ohuridars within the free, Auksare, period - tá :aurvey damaged cargo, and consignees are requested to have their M.S. Ispraastiatives present. Exiless,

Hint at the Bårvey no claima can thereafter be admitted,

LASKINNON, MACKENZIB

ARRIVALS FROM PACIFIC COASTĂ "SUNNYVILLE"

23rd April “to singapore, Port Swettenham Belawan & Batavia mažu.

24th April

Bath Oil Tanks

可

ccommodation)

"WLTING DEACON. KI

*Futt

"Pl ́dre Apply to the Above

For full particulars deli Cisperal

Refrigerated Asorpte: Dry Cares: Kals › Mound,

KEN