1949-05-23 — Page 9

THE CHINA MAIL, MONDAY, MAY 23, 1940..

Голо

BUTTERFIELD & SWIRE

Agents: CHINA NAVIGATION CO., LTD.

“SHENGRING"

"TSINAN"

"SHENGKING"

"HUNAN"

"POYANG"

SAILINGS TO

Swatow

„Swatow

Swałow

6 p.m. 22nd May *

4 p.m. 24th May

6 p.m. 24th May

Inchon & Tientsin

5 p.m. 25th May

5 p.m. 20th May

5 p.m. 26th May

Bangkok

HEINRICH JESSEN'Singapore & Penang "NEWCHWANG"

.....Yokohama & Kabe......

"FENGTIEN" ......... Singapore.. Macamar.

"POYANG"

"NINGHAI"

"SHENGKING'

Sourabaya & Batavia

* Baile from Custodian Wharf

ARRIVALS FROM

Kahn & Keclans

Stralts, Sibu & Brunej Swatow

"HEINRICH JESSEN" Amoy & Swatow

"YOCHOW!

-NEWCHWANG"

*FATSHAN"

-WUSUEH"

Tiantain & Pusan Bangkok

RIVER SERVICE

Hongkong/Canton

DEP. Hangkong

6 p.m. 22nd May,

8 p.m. 24th May.

DK/MACAO DEP. H.K.

2 p.m. 28th May,

1st June

7th Juno

5 p.m. 22nd. May 24th May 7am. 24th May a.m. 25/26th May 28/29th May 20/30th May

Canton/Hongkong ARR. Hongkong 7.30 a.m. 24th

& 26th May,

Agents: BLUE FUNNEL

MACAO/UK

ARR. H.K.

5.45 pm. 22nd &

29th May

LINE

Schedule Sailings to Europe via Aden, Port Sald.

Genoa, Marseilles, Tangler,

Liverpool & Glasgow

Tangler, Casablanca,

"AGAPENOR"

"AENEAS"

Havre, Liverpool

"ANCHISES"

"MENTORTM

"ANCHISES”

"CYCLOPS"

"DEUCALION"

"MENESTHEUS“

Genoa, Marseilles,

Liverpool & Ginagow

ARRIVALS FROM

U.K, via trails & Manila

U.K. via Straits

UK. via Straits & Manlla

UK, vla Straits

NEW YORK SERVICE

from U.S.A. via Manila

FINANCE

New York Stock Exchange

New York, May 22 A four-day decline came to a full halt in the stock mar- It WAS the ket yesterday. dullcat Saturday in more than seven months.

The market was up slightly. But most sincks were unchanged, or not iraded at all,

changes

Only 230,000 shares hands. It was the smallest day's business since October 9. Also it was the last Saturday trading before the Summer schedule when the ,market will be

closed on Saturdays.

Railway and molor stocks did well. Steels, which have been rounded down to lows for the year, or close to it, wobbly.

were a bit

AND COMMERCE

Warn

British Politicians On Export Trade Slump

London, May, 21.

Several prominent British politicians taday gave warnings on Britain's export trado position. The Chancellor of the Exchequer, Sir Stafford Cripps, speaking after yesterday's announcement that the export drive had been checked in April, renewed appeals to British workers to produce more for export.

of

"We must in the long run de- pend upon ourselves and not on the good-will and chority others." he said.

He told

Lancashire textile

workers at Blackpool, "You are the forefront of the very

decent existence struggle for a In the future," and pointed out that Lancashire's share of world trade in cotton plece-goods Inst year was only a fifth of the total. sell not because she could not more but because she could not Produce more.

was a third.

Before the war it

Alloy Steel Output Declining

POST OFFICE

MAIL NOTICE Outward Mails

femlatared otherwise stated, Unico Articles and Parcel Porte close 30 mlact

10 maila arier than the ordinary mail.

Begiatered and close batore 10 Pares Posts close at 5 p.m. on the pre- vious day.

$21.

Kall are closed st Kowloon Central Post Office half an hour earlier than the GPO along time.

MONDAT, HAT #1 Closing Times by Atr Canton, Kowloon CPO) 7.30 a

10.50

... 12.30 p.m., 2.30 p.m. (GPO) T.., 10.00 m Noon, p Airmail for Shanshal, (Ord.) 8.m. Alemail for

P&O B.I. E&A

COMPANIES

PENINSULAR & ORIENTAL S.N. CO.,

PASSENGER/FREIGHT SERVICE

OUTWARDS

"CORFU*

8. "CANTON"

"CARTHAGE

2. "CORPTI**

aa. "CANTONN

LEAVES LONDON

Balled

End June

20th June

Tinh Jol

21th August

DUE HONGKONG

Bib June

4th July

1st Augus

39th August

16th Beylember

The Houthampton, Yors Baik, Aden, Dombar, Colombo, Frang i

HOMEWARDS

* "CORFUTM

"CANTOM"

"CANTON"

Bingapore.

LEAVES BONGKONG

7th June

8th July

5th August

Ind Reptember

20th September

Via Singapore, Penang, Colombo,, Bombay, Adm

Bwtow and Amox, (Reg.) A.30a.m., Ord.) 9 a.m. Airmail for Munim. (Ret.)

(Ord.) 11.80 mm. Airmalt for Bhanghai and Talnata: Álr- mait for Swilow, Amoy and Talmani Altmail for Kunming and Lluchow, (Reg.) 3 p.m., (Ord.) 2.80 p.m.

(Fleg.) T (Ord) 3.50 p.m.

Closing Timer by Ben

53. "CARTILAGE"

31

B.T

"CORFUM

p.m.-

Canton, Ohio, May 22. Alloy steal production in the Canton-Massillon district the world's number one producing slipped to the centre--has lowest level for 10 years.

Republic Steel Corporation re- Canton at its poris operations mill now are at 30 per cent of Mr. Brendan Bracken, Con-

The

the output of capacity. servative Member of Parlie Massillon mill has dropped to 40 Airmail for Hofhow, ment and wartime Information percent. Minister, told National Liberals (allied with the Conservatives) steel producing and fabricating Formwa via Foochow and Keelung, 10

Bournemouth, Hampshire. plants in the two cilles has been

had cut

24th May

8th June

Bethnichem Steel touched a new bottom momentarily during the day. Or 591 Issues traded, advanced, 181 declined.

223

25th June

at that Bir

24th May

2nd June

16th Juno

Has 17.10; 10 Utilities 35.72 Adams Express 18

17th June

15th July

Carriers option to proceed vis ather Ports to load and discharge

cargo.

Agents: AUSTRALIAN-ORIENTAL LINE LTD.

"ROOCHOW" "SHANSI"

*KÉOCOM

"SHANS!"

SAILINGS TO

.Yokkaichi ...Manila & Australia .....

ARRIVALS FROM

Australia & Manila.. Australia & Manila

5 p.m. 25th May

Last week June

In Port

3rd week June

All The Above Subject To Alteration Without Notice

General Agents for:

Booking Agenta for:

AUSTRALIAN NATIONAL AIRWAXS, CATHAY PACIFIC AIRWAYS, SKYWAYS (FAR EAST) LTD. B.O.A.C. C.N.A.C, ELE. AIRWAYS, F.0.A.S., PA.A., P.A.L. and N.W.A.

For passage and Freight Particulars Apply To The Above.

1. CONNAUGHT ROAD, CENTRAL.

Telephones: 3032128 | Private Exchange

Branch Oflice-59: Connaught, itd., Tels, 25875, 32144, 24878.)-

States Steamship Company

S.S. "OREGON”

LOADING 26th MAY

for.

VANCOUVER, B.C.

vin

OKINAWA & JAPAN

Due VANCOUVER

General Agents

.....16th June

DODWELL & CO., LTD.

Hong Kong Bank Building

Teis: 28021/6

ISBRANDTSEN

Jabrandtsen Company Inc.

- 25 Broadway.

New York 4, UT.

VAN HAST • STRAITS * INDIA •. PERSIAN GULF • MEDITERRANEAR

UL.A. CONTINENT.. • _ W, INDIES ",E. AMERICA

STEAMSHIP DIVISION

FROM

S.S. "SIR JOHN Mania

Due May 23,

· FRANKLIN”

S.S. “FLYING

CLOUD"

Japan Due May 27.

SAILS FOX

Shanghai, Taku- Bar, Fusk, Yokohama, Nagoja, Kobo, Los Angeles & New York vis Panama Canal

May 25.

Manila, Yolio, Ban Carlos, Kobalchang. Singapore, Bombay, Karachi, Alexandria, Genoa & New York

· May 18. -

4

A. P. PATTISON & CO.

GENERAL AGENTS: CHINA, FORMSOBA, KORKA, JAPAN,

HONGKONG

IX-14, QUEEN'S ROAD CENTRAEN 4th floor; TEL: 55946

2 Chilamos Armitate-LAM KER SHIFTING CO5;fh ekipa diál

MAITSE

Dow Jones Averages: Stocks 12.80;

15 30 Industriais 173.49;

Alaska Juneau 3% American Can $1

American Telephone 140% American Tobacco 70% *Anaconda Copper 20%

Aviation Corp. 6

Baldwin Locomotive 10% Harnadal 44

Bethlehem Steel 27 Canadian Pacific 124

J.I. Case 32%

Chrysler 30

Colgate 33%

Corn Products 03

Du Pont 101 Eastman Kodak 41% Electric Light & Power 20 General Electric 36% General Motors 57% Goodrich 50%

Homeslake Mining 40% International Harvester 24% International Paper 47% Internationul Tel & Tel 0% Kennecott Copper 14 Montgomery Ward 53 National Distillers 18 National Lead

New York Central 11% Packard Motors 3%

Pan American Airways 1 Pennsylvania RR 15% Radio Corp. 114 Real Silk 11 Remington Rand 8% Republic Steel 20% Reynolds Tobacco 38% Schenley 25

Sears Roebuck 37%

Shell Oil 34%

Sucony Vacuum 15%

Southern Facile 41%

Standard Brands 10

Standard Oil of Calif. 93%

Standard Oil of N.J. 08

Studebaker 1916

Union Bag 24%

Union Carbide 37%

US Rubber 374

US Steel 70

US Lines 16 Westinghouse 22

Youngstown Sheet & Tube 83 Gen, Pub. Utilities 14%

Trading on the bond market shrank to the lowest valume in nearly 35 years. Price movements were sluggish.-Associated Press.

EXPRESS

Stafford Cripps

The

firm's payroll on

by more

falled In his duty in not telling | Decca,

drift.

the country that "we are Ing into one of the worst econo mic crises in our history."

both

3.231.

since Japan. a p.. Mulla, 2 D.m Мисалвет, 3 р.т.

than 2,000

production at the Canton steel mill of the Timken Roller

TUESDAY, MAY 24 Cloving Times by Air

(Ord) Ba.m. 24/5.

8.30 ... 10rd.) 9 a.m.

Pearing Co., the district's only Airmail for Bhanghai, (Reg.) 5 pm, 23/1, other steel maker, has slipped to The truth was, Mr. Bracken 100 per cent of capacity. Some Almall for Swalow and Amoy, (Reg.) said, that in almost all world

1,800 employees have been laid Almall for Swatow, Amoy, Shanghai and export markets in wiilch Britain oft since the first of the year in had hitherte enjoyed kome foot- | the firm's bearing and steel plants

have to hold "we should

face terc. formidable competition."

tacking Socialist Maentwrog,

Merioneth,

Both Republic and

ricw

for

Tsingtao, (Ret.) 3 p.m., (Urd.) 8.30 p.m.

Chungking: Almall Almall for

Tulpeh: Airmail for Foocbow, (Reg.) 8 p.m., (Ord.) 3.20 p.m. Airmat for Rangoon, Calcutta, Karachi, Dares (BANTA Nairobi, Mombasa, Balaam, Megritias, Johannesburg and Cairo via Karachi), Alexandria, Rome and London, Kowloon CPO: (Ret.) 4 p. (Ord.) 4.30 p.m. OPOI (e) 4.80 p.m.. [Ord.) Bp.m. Airmail for Bingapore, (Reg.) (3) p.14

(Ord) p.m.

Airmail for Mantix, Honolulu, USA end Canada, (Reg.) 4.5 p.m., (Ord) $ p.m.

Timken were running their steel furnaces Mr. Leslie Hore Belisha, former

at near-capacity at the beginning Minister, at- Conservative War

of March after

Betting at DX policies,

peace-time peaks in production Tales

last year. said. "The real

explanation, of

A large volume of cancellations the high costs jeopardising Bri- tish export markets is the rising and a sharu drop in new orriam blamed by officials of both prices for coal, gas, electricity

the swift Arms for

decline in transport-of goods and ser- Vices provided by nationalised operation.

Omells or both firms declined Industries—the abuse of bulk

to make definite predictions of purchase and the rationing of

future operation levels. A Tim- raw materials such as steel."us

ken spokesman said he did not Router.

believe there will be any further curtallment in the next several weeks.

Both producers reported drup in alloy steel demend has been

The general.

Timken spokesman said orders from auto manufacturers still are good bul MAERSK LINE orders from truck makers have been slumping week by week.

Notice To Consignors Requirements of Timken's own re-bearing plants

have dropped

M/V about 20

"MARCHEN spokesman said the MAERSK" having arrived from from capacity New York and Ports of call,

He'd Rather Quit, Says Sir Stafford

London, May 22.

Air Parcel Post for Manila, Honolulu and UNA, Kowloon UPO) 4.30 p.3. (GPO) p.m. Ordinary Airmail (printed matters, samo-

und ples

amall packet posts) for Manila, Guam, Honolulu and USA. (Kowloon CPO) 4.80 p.m. (GPU) ►

the

D..

The

The London Daily Mail ported yesterday Sir Staffor Cripps has told Washington

A Republient.

decline officials he would quit as Bri-sharp. tain' economic boss rather than operation came

as a surprise to Consignees of Cargo are hereby devalue the Pound Sterling. company officials.

He said opera-notified that their goods are tions started off strong in March being landed and placed at The paper sald he has been with plans to set new production under increased American pres- sure-indirect but insistent to records but orders began to fall their risk and expense

off rapidly-Associated Press.

lower the value of the Pound.

Devaluation would make the Pound cheaper in terms of other currencles. It would allow Americans to buy more Pounds

the same number of Currently the

for the

dollars. the ofeial value of the

Pound is US$4.03.

Awas

rellably learned that

Polish-Israeli Trade Pact

Prague, May 21.

the

into

Hong Kong & Kowloon

& Godown Company's godowns delivery at Kowloon, where

may be obtained as soon as the

goods are landed.

Optional cargo will

not. be

landed here, unless notice thas

The Polish news Agency re-been given 48 hours prior to

the U.S. Ambassador Mr. Lewis ported today that

Polish-vessel's arrival, but carried on

W. Douglas, has sent a strongly Israeli trade agreement worded telegram saying speculation on the value

was from port to port to the final

TE

FREIGHT BERVICE

"BHILLONG" •

dive Ath June safla 10th June

"BOUDAN"

"BOUDAN" *

due 17th June 6th July

DUE LONDON

12th July

8th Augus

6th September

4th October

Blat October

Port Said

from Japan.

for London & Continent, Stratte, Colombo, Genoa & Marmefile.

from London Continent. for London Continuat.

• Fitted with tanks for the carriage of oil in bulk..

BRITISH INDIÁ S.N. CO., LTD,

• "TAIREA”

(Apex Line)

LA "BOTRÁLATM

(Apor Line)

IRDHANA" • (Apear Line) "BANGOLA"

In part. ails 29th MAY

due 28th Mar saila 28th Mar

due 27th May anis Both May

due 26th June salla 28th June

fur Calcutta via Biralta

Stanzoon.

from Japan & Amor, for Calcutta via Straits, from Calcutta via Strelta, for Japan vis Atoy. from Calevita vla Strate for Japan vis Amoy.

• Theee ships have Befrigrested Cargo,EDLOK

'P.&O./B.I. JOINT SERVICE

"TELLIAN" •

0th June dito Bali 11th Juan

from Japan. for Strella, Madrus, Bombay & Karachi,

• Accept cargo on through bills of lading for Persian Gulf Porte. EASTERN & AUSTRALIAN 8.8.

8. "NELLORE“ •

due 23rd May

sul 30th May

Co., Ltd.

from Kobe a Yokoham

Haniin, Rabavi, Tue

Brisbane, Brdary. Kel Bourne & Adelalde.

• Accepts cargo on through bill of lading for NEW ZEALAND &

IBLANDE PORTE,

IL

For full particulars apply lo:- MACKINNON, MACKENZIE & CO.

Telephone Nos. 27721-4.

to Wash value signed in Warsaw yesterday, port of call to which the option The, SWEDISH EAST ASIA Co., Ltd.

Foreign Trade Minister Gede

of the Pound is having an ill-The agreement. was signed by extends.

British effect on

The telegram sald other nations and Israell envoy Barzilay are becoming uneasy about hold-

economy.

No claims will be admitted Under the agreement Poland after the Goods have left the ing Starling and European and will export processed agricul- Godowns, and all goods remain products, metal goods, ing undelivered after the 29th American buyers are cutting pur-tural chases of British goods, hoping to bicycles, textile and agricultural May, 1949 will be subject to

textiles, rent. buy cheaper after the Pound is machinery, chemicals,

paper to glass, porcelain and devalued.-Associated Press.

cafed, and All broken, Israel. Israel.

The new Jewish State will damaged Goods are to be left ship to Poland citrus fruits and in the Godowns, where they products, dental equipment, will be examined on 27th May, special chemicals and ruzor049 at 10 am. by our Sur- blades.-United Press.

veyors Messrs. Goddard & Dour glas.

OVERNIGHT:

SERVICE

BETWEEN HONG KONG

& SWATOW

S.S. "SHENGKING"

Leaving Hong Kong at 6 pm. Sunday-Tuesday-Thursday Arriving Swatow at daybreak

•

Leaving Swatow at 6 p.m. Monday-Wednesday-Friday

Arriving Hong Kong at daybreak -

FARES: SALOÓN “A”

SALOON "B" ·

$100

$ 75

Why fly--when you can

travel in Comfort with

CHINA NAVIGATION CO., LTD.

Agents: Butter

Notice To Consignees M/V "SOOCHOW" arrived 21.5.49.

#

To comply with the General Bonded Warehouse Regulations consignees must have

Ro- Officer in attendance when damaged dutiablo goods are axamined.

venue

Damaged cargo ex this vessel will be surveyed by Messrs. Goddard & Douglas at Holt's All claims must reach us be- Wharf Godown from 10 am.fore the 22nd June, 1949, or on the 25th and 26th May 1040 they will not be recognized. and, consignees representatives are requested to be present No Insurance will be effected. during the survey,

JEBSEN & CO.,

Agents.

י

BUTTERFIELD & SWIRE,

Agents,

Australian-Oriental Line Ltd.

ARRIVALS FROM EUROPE M.V. OLUF MAERSK ....... Discharging M.V. TONGHAI

.31st May. End Jund

M.V. TAMARA

SAILINGS TO EUROPE

Loading

M.V. TONGHAI

.3rd June .20th July

13

For

ADEN, PORT SAID, GENOA, MARSEILLES, CASABLANCA, ANTWERP, ROTTERDAM (AMSTERDAM), HAMBURG, COPENHAGEN, OSLO & GOTHENBURG.

For further particulars apply:-

GILMAN & CO.,

Agents. Tel. 31140.

LTD.

ISTHMIAN LINE

(Isthmian Steamship Co. of N.ZY

ARRIVALS FROM US. ATLANTIC COAST

„„Dispħarging 3rd June. :

Sails for Saigon, Bangkok-

·Balayla Jed-June.

SAILINGS TO U.S.A. via PANAMA

Hong Kong, May 23, 1949.

6.8, "STEEL WORKER"

THE PACIFIC ORIENT EXPRESS LINE

M. V. “VINGNES" Loading about 28th May, 1949

for

SHANGHAI, TAKAO, & JAPAN

For particulars please apply toime

WALLEM & COMPANY

DeathAgents, Hogshong a Bhanghai Bank Buliding,

H.8, "LONGVIEW VICTORY" 6.5, “STEEL EXECUTIVE"

forc

& CO.

Loading 25th May

·191i1-June

LTD.

LOS ANGELES and NEW YORK For further particulars applyin GILMAN

Aganta, 1-10

Tol. niss

Chiness Fraight Agents HIN FAT & CO., LTD.