1949-05-17 — Page 12

Pore 13

ROYAL INTEROCEAN LINES

Passenger and

Freight Purces

*** Incurquestad Su tie Belarriends pa KONIMNROES JAY" -CHINA - FAKEEVANAT LUMEN KEZ KWATENDAN

"ТИВАРАК"

JAVA-CHINA SERVICE

*TJITJALENGKA“

"TJISADANE"

Arrivals...

from Shanghof 21st May,

from Macassar

& Jaya Ports 26th May.

from Macassar

& Javaports 1th June.

Sallinge

to Java Porta

& Macassar

26th May.

to Shanghai

27th May.

to Java Ports

A: Mucassor

9th Juno

to Shanghol

10th June.

to Javaporty

& Maraegnr 23rd June.

HONGKONG-MANILA-CHINA SERVICE

TASMAN

'Arrivals

from Manila & Amoy 21st May.

Ballings

to Mahila & Amay 11st May.

SUMATRA-MALAYA—CHINA SERVICE

*VAN RIEMSDIJK”

"VAN HEUTSZ“

Arrivals

from B. Deli

& Straits

20th May.

from B. Delt

& Siralta

1st June.

ASIA-AFRICA-S. AMERICA

"STRAAT SOENDA"

Arrivals

From Japan 19th May.

FROM SOUTH AMERICA &

Ballings

to Straits & Belawan Dell 28th May.

1 Straits Belawan Dell 10th June SERVICE Sailings

TO E. & S. AFRICA &

S. AMERICA

26th May.

*TEGELBERG"

SOUTH AFRICA,

7th June.

22nd June.

18th May,

10th July.

"TJIKAMPEK" "RUYS"

18th July.

10th August

All Stearners Calling Mombasa & L. Marques Direct

Transhipment cargo on through Bs/L to Dar-E-Salaam. Zanzibar accepted on all sailings,

Agents: HOLLAND-EAST ASIA LINE.

"MOLENKERK“

*MEERKERK"

"AMSTELDIJK"

́HEEMSKERK"

Arrivals

FROM JAPAN end May

FROM EUROPE

carly Juna

early July

carly Aug.

Sallings

TO EUROPE VIA MANILA,

& STRAITS End May. End June.

End July.

End August.

Transhipment cargo on through És/L accepted to Indian,

Mediterranean and Northern European ports.

Dffice Address: King's Building, Phones: 28015, 28010 & 25017

Tel. 31106 & 21533 Chinese Agents: 82, Connaught Rd.'

DE LA RAMA LINES

ARRIVING FROM U.S. ATLANTIC COAST VIA LOS ANGELES & SAN FRANCISCO m.v. "BONA NATI". M.V. "BATAAN"

19th May 28th May

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

8th June "DONA AURORA" (calls Shanghai & Japan)

"> 22nd June m.v. "DONA NATI"

9.3.

*

INC.

THE DE LA RAMA STEAMSHIP CO.,

(Incorporated in the Philippines)

CHINESE SHIPPING OFFICE Tel. 23738-20153

MARINA HOUSE

Tel. 23670-22675

THE EAST ASIATIC CO., LTD.)

OF COPENHAGEN

M.S. "NORDFARER”

LOADING about 23RD MAY for

ADEN, PORT SAID, ANTWERP, ROTTERDAM, HAMBURG,

OSLO, GOTHENBURG AND COPENHAGEN and GENOA if sufficient inducement

M.S. "KOREA"

LOADING MID JUNE

for

ADEN, PORT SAID, ANTWERP, ROTTERDAM, HAMBURG,

́OSLO,. GOTHENBURG AND COPENHAGEN.

Tanks avallible; fué tué éérttige of off fá Bàng.

"

THE EAST ASIATIC CO., LTD.

Queen's Bldg, 2nd floor,

Tel. 34111 & 84112.

CHINA MERCHANTS S.N. CO.

L5, Commugfit-Road, West.

DEPARTURES

THE CHINA MAIL, TUESDAY, MAY 17, 1940.

FINANCE AND

COMMERCE

Business Activity In U.9. Sags During Past Week

Inflation

In Europe During 1948

Geneva, May 10.

New York, May 15

Business activity sagged again the part week under the.cumulative weight of labour troubles and other unfavourable factors........

- w

Money Market

Economic

Stability In Red China

San Francisco, May 16. ..War news. took second place in Chinese Communist brond- casts on Sunday to stories of Im- economic stability and

Red controlled provement in areas.

The Pelping radio talked of things as falling such diverse prlees in Nanking Manchurian imm- development programmes, provement of the port of Tangku, and various agricultural project. In the first month of Commun- yesterday as feverish buying shtat occupation of Nanking, the the price up from HK$0.20 at the broadcast said, prices are stepdy- rice has dropped from $3,000 opening 16 HK$8.50 at the close in and tending to fall. It said as compared with HK$6.10% (People's currency) a 170-pound. Saturday.

TT climbed from HK$0.10 topicul to $3,400. 30.46:

Sterling and Australian pounds remained steady at HK$10.05 and HK$13.50 respectively.

Piontres were quiet at HK$11.86

U.S. dollars took a big spurt

A normal Spring upturn was apparent in a few lines, but the dominant trend of industrial production, employment, sales, prices, forward buying, income and spending, construction, and capital improvement outlays was slightly downward. France experienced the most

When compared with any nor-1 rapid inflation of all European

pre-war year, however, nations last year, the United mai Nations Economic Commission many mes of business still are for Europe reported on Sunday. going strong and economists be- Greece and Poland have suffer-lieve the present hesitancy is due

10 a super cautious attitude. ed the most from post-war in-

wave The present

of strikes Antion

Wholesale prices in France roke

with the possiblity of more to 'AL

accounts

for a come probably 33 per cent over last year.

Not the end of the year, retall prices gond part of this caution:

single dispute was settled last were 19 per cent above the pre-week and there

were several war level,

In Greece, retail prices were additions to those already in pro- 230 times pre-war, and in Po- gress.

Determination of both sides in land, 133,

to stick Ford dispute

to recorded the second the Greece

inst year. their original positions, and ins largest price increase Wholesale prices jumped 23 per dbility to settle the drawn out cast a gloomy strike, Austrian and Bendix 1047. Turkish prices also rose substan-shadow across the coming events

in the labour field. tially over the preceding year.

ceni over

In Poland, prices remained al- most level throughout last

Italy hat

the third

post-war Inflation. Italian prices were 40 times the pre-war level. Prices in Finland were eight times higher than before the wor.; in Spalt and Hungary four times, in Czechoslovakia, Austria. Tur- key and Belgium three tanes.

Lowest Inflation

Europe's lowest Inflation was In Norway, Denmark, Gweden and Switzerland, with prica in. creases ranging between 60 and 60 per cent of pre-war. British prices were 62 per cent above

pre-war. Last

The time is near when such❘ glant Industries as steel, coal, rubber, electrical • ulpment and automobile meet the bosses of the country's most mowerful labour union to discuss wages All and working conditions. advance Information is that a fourth round of wage Increasep will be demanded as well za numerous fringe benenle that will be costly to management.

Rash Of Charges

A rash of speed-up charges, imilar to those that brought on the Ford walk-out already has broken out. The unions allege

were

1

(It is dimcult to estimate the value of the People's currency dollar. But the Communist gov crament in Peiping recently au- thorised an exchange rate of 000 a 100.

for one U.S. dollar). Ticals

at unchanged

San The broadcast, heard fn NEI Guilders HK$20.00 a 100.

openext at Francisco, said the North East HK$35,00 a

loans. of and closed ut Bank 100

hus earmarked

People's cur- $1,500,000,000,000 $30.20.

rency for industrial and agricul- tural production in Manchuria and of this $900,000,000,000 was saiti to have been set aside to restore Manchurian state owned mining industries.

Hong Kong Stock Exchange

the selling of higher 19.3. GOVT. LOANSI

standards causes more and impairs workers' health.

Management In most cakes denies the speed-up charge but it is well known that industry is making strenuous efforts to lower improve costs and production output per man in order to bring the costs of manufactured pro ducts down to, a level that will 1ttract buyers and maintain pro-

yeur, wholesale, prices dropped slightly in Hungary, Iro- land and Switzerland. In Belgium, Czechoslovakia, Spain and Sweden prices rose five per cent, in Fin-ma land by six per cent, in Italy by and in Portugal seven per cent by eight per cent.

The Economic Commission said the total industrial production J the United States last year was

Ats alt above that of

What happens to business in 35

per cent

Russia. In Europe, excluding

the next few months may well U.S. production exceeded depend on how quickly both em- Fope's by 51 per cent. In a ployers and workers buckle down Pre-war year. U.S. in to meet the new set of conditions

three brought on by produced

shift from only

dynamle Inflationary inspired normal to economy Ship building, agriculture, tex-war-born tiles and cement production were peacetime compeliliye activity.

where Europe only spheres

1842

fourths as much as Europe.

theaded the United States Jast

year.

For

The greatest European lead was in ship building

vessels launched in every 100 Europe, six were launched in the United States.

On the other hand, the U.S. as much produced nearly twice steal as all Europe, outside Rus- ala-Associated Press.

SHIP MOVEMENTS

San Francisco, May 18. Ship arrival: Yesterday, Presi

parture Fridny; Okiniiwa.

for

the

Virtually all of the sensitive Indicators of business and d• ancial trends pointed downward this week. Setbacks in car and steel production were greator han in other falds but there was a specific reason for the drop in motor Car output and and a plausible one for that in stool. The Ford strike began to make a solid impression on car produc tion and the lack of accessories

the

Bendix tie-up caused by forced curtallment among some makers. The

44 Ian 1011.

A large sum was reported to have been allocated for rebuild- ing and Improving the port of Tangku.

The radio listed these ngicul- tural developments:

*Planting 2,400,000 trees along

A fair turnover with prices the Peiping-Hankow rallway near Shihchlachuany to break sand holding quite steady.

storms and permit reclaiming 110,000 acres of the West Hopel

!!! plain.

Digging over 22,000 wells in central Hopel to frigate 40,000 acres of cotton and.

31% Loan (1954 & 1940) 1001. J}% Luen (1948) 2008, 19xjs. aÄNKB

HI.K.B., Hank 1800- (Lon. Reg.) coojal Chartered Bank £10āņi, Mercantile Daska, a 3%, szín. Bank of East Asia 120sal INSURANCES:

Canton . 1308.

Union The (X.D.) Good, 6. China Underwilters G800. F.K. Fire Ind. 210b, 22. AHIPPING

Doux 37.

ILKA M. Steamboats 17j. Indo China (Pref.) (X.D.) 0.

(Def.) (X.D.) 230m. Shell (Deaver) 087.6. Union Waterboats 2014. Alu NV, 15. -

BOCKA, WRARVES, GODOWNH, E.:

H.K. & Whieves 115, 117, 115 North Pult Wiärven dib.

Oh. Hongkew Wharvis (X.D.) 26. HLX. Docks -- (X.D.) x2], 17 China Providents' 1116, 12», 11jua. Bhai Dockyarția Ta. Wheelook 20in. MINING.

Nah Mars 4in.

IK, Mirenita

da

LANDS, HOTELA AND' 'BUILDINGS

The broadcast said, the Peo- ple's Bank of China has opened a branch in Hangchow Com- munist troops took Hangchow only two weeks nga-Associated Press.

BUYING INTEREST FOR METAL

New York, May 16. Buying interest increased in the metals market last weak as copper and zine prices dropped another half cent.

For the first time since early smelters

March, some custom USE

most mills are com- dent Wilson from Shanghal. De-Age" sulti ritate weekly "Iron business

·Axed for fortably i

through July, at least, but after Seattle Ship salled yesterday: that the picture is not so clear. Ceneral H.H. Freeman for Yo The veteran stecimaster. Charley kohama.Associated Press.

President of the third

Notice To Consignees

CONSIGNEES REE ny BARBER-WILHELMSEN LINE M/V "TARIFA”

are hereby notified that theit cargo is being discharged into the Hongkong. & Kowloon Wharf & Godown Co.'s godown where It will be at Consignees' risk Wharf's and subject to the terms and conditions of storage, and where delivery may be obtained,

left

"'!

White, inrgest producer, Republic Steel, told his stockholders that supply and demand are rapidly coming into balance.

The stock and, bond markets remained under wraps, edging ¤ | 1ttle higher one day and falling back the "nect-Associated Press,

Copper Price

Reduced In Britain

London, May 10. The Ministry of Supply an. nounced on Bunday a reduction

in selling prices for copper, ilead, and zine because of the recent falls in American market price.

the

H. 8. Hotelu 10.206, 16.467.3044, B.K. Landa BIN.

Oral Cands 1.205, 2.

Hunghres 10.10.

11.K. Bration 201

Chluber Katalo 18k

sold more than enough copper to cover their own daily pur- chases of ore and scrap, Wiró milla wère the chief · ·buyers. Brass mills remained virtually out of the market. The latest

PUBLIC UTILITIES??

H.K. Tramways "YOL, 150, 14.807.70mm. copper price of 18 cents a pound Peak Tram (0) 18h,

marked a 6% cent drop ainee the end of March.

M

[Now) 1000. Star Perties 190.

C. Lights (Old) 11.80b, 12, 12f

(Now) 7,891, 8.406 HK. Electric, zath, aw, 01/0

"Macao Electrics 240.

Sendikar Lights'an. Telephber 18gby pos. Stansbal. Gen. 477. INDUSTRIALE

Cald, 'Men (Ord.) 28m. Caflon Ice Tn. Compta 203. II.K. Ross 10j. STORES 1, Dairy Farm Walabnd241/48].

320, 21,

1. Criteria (olay 25m.

Sincere Can

(New) zen.

Chica Emporionf; #jb, Son Co. Lid. ́ ́Eìn, Kwing Sane H

15

WB On (IK) 10bn. Win., Pawell. Tid, lin

MISCELLANEOUS

China Entertainmenta (X. Ruy zoju. H.K. Constructións (old) at 4x, ARTWORTENew) in.

Vibro Taldea Ten

Manman Investmekíte 0%.

· Markmon (PR.J× 24. Shanghai. Lomh Zn...

COTTONS.

"SWER:/BR'S "Story Jungen

MUMEN, ETC. CosÍPANIES:

Tata Aname' „20m2-

Damaged packages are to be in the godowns for examination by Consignées and

Another consideration, Company's Surveyors, Mesara.

statement said, was criticisma by, Goddard & Douglas at 10 am manufacturers of the effects (Bri on the 10th May,

tal's hither prices were having To comply with Gerictal on British trade and exports.

Now selling' prices: Bonded Warehouse Regulations Electrolytle copper £130 à ton consignees must have dancer. Good soft pit lead, Los à tor venue

offer in attendance when damaged duffable goods delivered.

Good are examined.

ordinary brand zinc, £65 ton delivered's No clalfn will be admitted Old prices were copper £140 Rubber after the goods have left the lead 100, zine, £101. steamer's godown, and all goods American prices still are

siderably under the revised: "Bri- remaining undelivered after the 17th May, 1849 will be subject lah fgures Associated. Preuz

to rent.

All Telephone 316sa,

26th May

S.S. TAI TUNG" for S'pore & Penang 19th May S.8. "HAI HSIA”

» Singapore Passanger Angommodation)

For Fulf Pafticulars Please Apply to the Above

22

claims against the stepujer must be presented to The Undersigned on or before the 24th May, 1949 or they will not be recognised.--

Bute“FlaviusTOREN ZAT Chhaona Whited,306.

Cadabra 19

Dominion Nabbers Ix.

|

contrabbers 19

CHICAGÓ GRAINS

· Bombatbi "Réhßere-",áðn, BRAŃZMI. JOKEANU" In.

· Bhanghai-Malapy, Cre“, Bhankhet/Bamalyas „100. Bunga Paris, 18.004., *TUURY, MATURE STIL

· Tebong" Rübbers' '20%.

Chicago, May 16027 A mixed trend prevalled grain on the Board of Trade; The nearby months tended lower but our 18 ton December contracts showed September: $4.974-90%; Decemy firm tone.. - May corn andi

higher by expectations Corn was 1 1⁄2 lower to

No Fire Insurance M be were deprecash prata on offected.........

Lof, deliverien

there contracts on Monday, May makike Mezza Jur

Tutoka svete. "unchanged FRIY wheat was under premure

whlie: the new; crop months "ramm (10) Into profit-taxing SKRECHO

DODWELL & CO, LTD.

Agents.

"Hönd Kənd May ~ 117: 1949.

Wheat-clowed lower to

Large mine operators who re fine their own ore still held to prices ranging from 181⁄2 to 23. The upturn in demand for refined copper was attributed chiefly to the need of fabrica- tors to replenish working inven tories.

Production cutbacks resulting from the decline of copper prices were spreading.

J11

+

Zine satés Improved slightly after the price was sloshed to 12 conta a pound 3 cents below the post-war peak.

Zine, and copper both dropped sharply.

shipments

Lead-held at 14 cents and buy-

•ing increased. Lead is still in shorter supply thin copper, or zinë:

Russian shipments of man- ganesa....and chrome in March dom- were valued at $800,000 pared with $1.300.000. In Feb- (rary, The U.8, 68tained about one-third of is, manganeso last year from Russia,

Non-ferrous metais prices in- cludedy d

Copper- forelim, 18 cente pound, New York. A

•

Lend foreign, 14 cente Gulf

| of*MeXied."

Zinc, forel, nominal, 12 cents, Gulf of Mexica

Aluminum plas, 10 cents ship-

The Global Fleet

TO HONOLULU AND SAN FRANCISCO

VE SHANGHAI & JAPAN

"President Cleveland"

"President Wilson" ANNAL DETER

"General Gordon” (via Manila to Japan) w...

MAY 23

J* 18

Jone 24

TO SAN FRANCISCO AND LOS ANGELES

VE JAPAN

"President Taft" "President

Madison

May 20

June 4

TO NEW YORK, BALTIMORE & BOSTON vía PANAMA

"Preslicht. Johnson" (Direct to Pacific Coast) "President Harrison" (Dieót, to Parific Coast) ROUND-THE WORLD

June 10

....... Joly 12

VIA MANILA, SINGAPORE, COLOMBO, KARACHI, SUEZ

FORT SAID, ALEXANDRIA, NAPLES, MARSEILLÉS,

❖་་

• GENUA, NEW YORK and BOSTON “Président Jefferson" "Marine Snapper" (Singapore Direct) "President Polk"

TO D.EL. & SINGAPORE

"President Johnson" "President Harrison"

St: Göörge's Bldg,

May 19

June

June 15

May 17 June

Tel. 28172/5.

BEN LINE

SHIP **ENRINNES" "BENAVON": *"BENARTY"

:

BENVENUE" "BENLOMOND” "BENVRACKIE" "BENLAWERS"

SUP

"BENAVON" "DENVENUE"! “SENLAWERS"

ARRIVALS

FROM

......U.K. via Strigapore

do

do'

do

do

do

HENRINNE8" "BENARTY”.

BENVRACKIE***

SAILINGS

London, Antwerp,

·Rotterdam, Ham burg & Hull, Liverpool & Glasgow Liverpool, Hayre, Antwerp, Botter- dam, Hamburg

ous

Abt. 81st May, 20% Dáy. End of May. 1st half June. 2nd half June. End June. Early July.

LOADING

20th May. 2nd half June. 1st half July.

Ist half June.

2nd hall Jurto. 1st half July,

"BENLOMOND" : Gérioa? Lohiton; Ant- 2nd half July,

werp, Rotterdam Hamburg

* Accepts cargo for Japan

I calls at Port Badan.

For Further Particulars, Apply To-

W. R. LOXLEY & CO. (CHINA) LTD. ̧

Agents

York-Building.

Telephone: 4185.

STATES MARINE LINES

FAR EAST SERVICE

S.S. "ALEXANDER WOOLCOTT"" Due 22nd May, 1949.

S.S. «P. & T. EXPLORER”.

Due 4th June, 1949. FROM U.S.A, PORTS-

Agents

GOURLIE & CO., (H.K.) LTD.

Union Building

M

Telephone: 31341.

THE HỌ HONG STEAMSHIP CO., (1932) LTD.

8.8. “HONG SIANG”.

For SINGAPORE, PENANG & RANGOON, Lodding

20th May

Balling

21st May

Subject to Aberation Without Notice

For Particulars Freight & Passage Please. Apply:

THE PO HÀNG CÓ. (CHINA) LID.

486) Bonham - Brand W.

Tels. 20127 25616

KLAVENESS LINE

low points des ange t ME

Antimony, 41,73 cents, cared

Yorks

SAILINGS

eck to Los Angeles in 16 days Thetics

co, Vancouver, Seattle & Portland w INNYVILLE”

........ 30th May ARRIVALS FROM PACIFIC COAST

22nd May 21st June Fort Swettenham Glawan, &: Batavia:

78 to 52 per MS DISVILLE”

çent, manganese, $172 to $175 a gross ton, shipping points.

New

42.93 cents – a pound,

tem, #12: cónia an dunce-

Tork,

15. A ounce New Yor

New York.

*. fake of 76

MS.“CAS

MS. T

HO

May

THE BANI