1949-05-25 — Page 16

Payo (3)

ROYAL

INTEROCEAN

LINES

JAVAPORTS and MAÇASSAR

**TASMAN"

**TJISADANE"

**TIITJALENGKA”

TJITJALENGKA”

PAMMAD SAILINGS" ARRIVALS

.2618) Maj

Ach June 23rd June

MANILA

SAILINGS

..27th May

AMOY and SWATOW

VAN RIEMSDIJK"

SAILINGS

In port 26th May

0th June

ARRIVALS

6th June

THE CHINA MAIL, WEDNESDAY, MAY 25, 1040.

FINANCE AND ADO HA MERCE

DEVALUATION RUMOURS AGAIN CURRENT IN U.S.

H.K. Stock Exchange

A moderately active day but with most prices showing a drift- ing away from Monday's closing levels.

ARRIVALS

26th May

JK COVT, LOANS

4

on 10

3

Loan (10:24 1940) 101m. 31 (1948) 10216.

HANKSI

SINGAPORE, PENANG and BELAWAN DELI

SAILINGS ARRIVALS

"VAN RIEMSDIJK"

"VAN HEUTSZ"

27th May

.. 10th June

1st June

EAST & SOUTH AFRICA & SOUTH AMERICA

SAILINGS

ARRIVALS

STRAAT SOENDA" "TEGELBERG“

.20th May

In port

..23rd June

7th June

"TIKAMPEK" "KUYS"

...18th July

4.-* --སཾ་

10th Aug,

10th July

Calling at Mombasa & L. Marques Direct. Transhipment cargo accepted on through Bs/L to Dar-Es-Salaam and Zanzibar.

Agents: HOLLAND-EAST ASIA LINE

EUROPE via MANILA and MALAYA

*MOLENKERK“

"MEERKERE"

"AMSTELDLÍK“

"KIJNKERK"

MOLENKERK"

H... Bank 1600b, 1680/75am,

Lon. Reg. n. Chartered Bank 10-10/in. Merenville Bank A. & D. £NI». Bank of Fast Aaja 120n.

INSURANCER;

Canton Ips. 320b,

Union log. Sob, 000m, 450s. China Underwriters 4.800.

H., Fire Inc. 229n.

BRIPPING!

Houglas X.D. 22.

HK. & M. Ytenmbọn (a 17. indo Chirns (ref.) X.D, Don-

(D) X.D. 139.

Shell (Honzer) 60/81. Lion Waterbrimia 80že. Arin Nav. 7%.

HOCKS. WHARVES, GODOWNS, Etc..

H.K. & K. Whartes 122b, 126x.

Nori Pelat Wharves 41b, 740tam.

Sh. Hongkow Wharves 18.

H.K. Dorka zoju, zožen.

Chinn Providents (2b, 121/.30/inm

R'hal Dockyazıde 7.700.

Wheelocks 27b.

MINING:

Haul Mines 4u.

II.K, Mine Gl.

LANDS, HOTELS AND BUILDINGR.

SAILINGS

ARRIVALS

4th June

H. & 5, Hotels 12.8086. 1.K. Lands £<*, $Jam.

End June

Early June

End July

Early July

H.H. Renkles 2n.

..End Aug.

Early Aug.

SHANGHAI and JAPAN

SAILINGS

ARRIVALS

1st June

Transhipment cargo accepted on through Bs/L to India. Mediterranean and Northern European ports.

KING'S BUILDING: TELS: 28015 to 28017 CHINESE. AGENTS: 82, CONNAUGHT Ro.. C. Trus: 31196-25133

DE LA RAMA LINES

!

Bhai Dans 2.606, 3.90%. $.60mm. Humphreys 11b.

Chinme Fatatre 100.

PUBLIC UTILITIES,

H.K. Tramways 17,20b, 124, 17.00/1 Peak Tramok) 19.

(New) 10.

Biar Ferries 103h.

C. Linhin

(d) X.D. 134b. 14, 13.80/.605.

1.K. Fävelen 89JV, Aia, 841/53266, Meno Electrics 24jb. Banken Lights on. Telephones 2/23/22/««. Shanghat G 40. INDUSTRIALS:

Culd, Marg. (Ord) 24*.

Canton Jer

Comenta 30.

STORES, Bir.

70.

1. Crawford (O) 25.

Bineers in.

(New) 210.

H.K. Ropes 10n.

Daley Fans Jejk, sziv, 261/3430a. Watrone 456, 254, 464/48x9..

F

China Emporium 9n.

Ban Co, Ltd. 2.402.

Kwong Sang Hanz 136.

Wing On (26.K.) 01.

22nd May

20th May*

Wm. Powell, Li, X.D, Djn. MISCELLANEOUS

ARRIVING FROM U.S. ATLANTIC COAST VIA LOS ANGELES & SAN FRANCISCO m.v. "DONA NATI"

M.V. "BATAAN"

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

my. “BATAAN

54. “DONA AURORA” (calls Japan)

m.v. "BONA- NATI"

pan

...........

27th May

16th June 22nd June

THE DE LA RAMA STEAMSHIP CO., INC.

(Incorporated in the Philippines)

MARINA HOUSE

Tela, 23076—–22675

CHINESE SHIPPING OFFICE Tels. 23735-20153

THE EAST ASIATIC CO., LTD.

AF COPENHAGEN

M.S. "KOREA"

LOADING ABOUT 20th June

for..

ADEN, fort said, Antwerp, BOTTERDAM, HAMBURG, OSLO, GOTHENBURG ÄND, COPENHAGEN.

Tanks available for the carriage of all in bulk.

S.S. "TAHSIS"

LOADING BEG.. June

for

ZVANCOUVER B. C. via Japan

THE EAST ASIATIC CO., LTD. Queen's Bldg., 2nd floor.

Tel. 3411 84112.

CHINA MERCHANTS S.N. CO.

15, Connaught Boad, West..

DEPARTURES

S.S. "TAI TUNG" for Singapore &

Tolophone 31433,

Penang 26th May S.S.. "CHI TUNG” Manila MAT:26th May S.S. "HAI TAI": „Haiphong

26th May 5.S. “TENG KENG”,“, Keelung, Kobe &

Yokohama 27th May 27th: May (With Passenger. Accommodation) For Full Particulars

Apply to the Above

8.S: “HAI HSIA”— Singapore

China Entertainmenta X. Bls. 18n. 1.K. Constractions (Old) 4n.

.. (New) in.

Vibro Pilings 10n.

Marsman Investments 97-n.

Moremon (LK.) 2n

S'ha lo 20.

Vanglates Jjn.

COTTONS:

Ewen 4.80. G..

UNER. Etr., COMPANIES.

Aims Estates dini Balır Anama

200.- Hote Plantations in. Chemote United 20m. Cheng Rubbers 28. Commulkinted Subbres in. Dominton Rubbers 1. Jedang Bubbers 28. Hersh Rubbers 25. Rubber Trusla 20. Sameera Rubber 10n. Bemambu Rubbers 201 Shanghal Kedahs in. Shanghai-Malayn én. Shaombel Sumatras 10m. Bangel turi 12.00. Tauah Meraha 536. Tebong Rubbers 20. Zlangbe Bulges in.

Money Market

New York, May 24. Now and insistent reports are again prevalent in the United States that serious consideration is being given to devaluation of various European currencies.

The

N.Y. Stock Exchange

New York, May 24.

The stock market dropped to the lowest averago level in ucarly thice months on Monday. Steels led the decline. Losses rangol from fractions' to nearly points. Many key issues bit new lows for the year. Transfers were 722,000, one of the slowest days of the year.

Businesh contractions and silp- commodity prices may have ping

Mulated

settling treat.

the

selling, but brokers decline was

than an able

rather Chemient, Santa Fe, Firestone, Among loser: Deere, Douglas Alecraft, Western Dore, Union, Nickel Plate.

te. Sinclair Oil, Brothers. Modest gainers included: Woolworth, Caterpillar arastor, Mission Corporation.

*Dow

Slocke Jones averages: 82.21; Industrials ∙172.32; Rails

Despite Sir Stafford Cripps' recent denial that the value of the Pound would be lowered, many American observers believe that if any one country's currency is devolued all the other overvalued currencies would be likely to fallow suit.

gradual-falling-off of The Secretary of the Treasure European exports to the United Mr Sayder, has been one of the Statea extremely vital 25 most vigorous proponents of re- scarce of dollars due to price valuation of European currencies

reduced. lo "sound" loveld. Monetary competition ngainst American

eports of devaluation.

officials as the many American American importers

believe next important step to be taken devaluation of various European by the ERP paljona with the

would make it pos-most over-valued currencies. currencies sible for

Now that

the first

Year of ERP 46.04; Utilities 35.61. dollars for has contributed to substanilal re- Europe's exports and thus in- covery in meeting the most ur crease shipments,

gent economie problems, Amer- lenn observers belleve European countries can attempt monetacy. reform further to spied recovery.

*

products, is spurringform in Europe is considered Gulf Oil, United Airlines. Warnar

less in termyn buyers to pay

Exporters in New York, how- over, point out that if foreign currencies are devalued in terms of dollar, European buyers will-Associated Press. be forced to spend more in their

molley

American to buy goods which would result in re- duced exports.

own

While varlous countries D{ Europe have suffered from fall- Ing domestic American prices in meeting stronger competition. each nation has been affected to n' varying degree.

Sweden Hit

Among

hit the hardest

is Sweden who has seen her ex- Durts to the U.S. of pulp, paper and other products drop sub- stantially. Among

Government and banking circles devaluation of the Swedish Kroner is men- tioned as probably the first Fur

currency which will be re-

it

However, because of the far- reaching consequences, expected that if and when the action is taken by Sweden It will be within' the' framework

of the International Monetary Fund, and may be related to similar actions by other coun. trict.

his

The International Fund been making a continuing study of the exchange rates of various member countries, results of its studies are tokpect="

the and

to play a part in fixing any now rates. Biggest factor in current reports that devaluation is being given renewed consideration in many parts of Europe, has been the prodding of ECA in -at. tempting to

financial promote stabilty in Europe.

In order to increase trade and

Reneral recovery, ECA oficials

have been urging re-examination

PI LOAN TO INDONESIA?

Manila, May 24. The Philippine Foreign Office begins talks today with Indo- nesian representatives on the proposed US$200,000 đoạn tả indonesta in the form of plus Philippine goods.

sur-

The Indonesian representatives, Alexander Maramis, Foreign Minister, and Mr. Charles Tamdu,

will Secretary-General,

confer with Mr. Felino Neri, Under- Secretary of Foreign Affairs.

The Philippine Cabinet has ex- pressed itself "ás" favouring a loan, but has taken no definite action, awaiting a concrete Indonesian Proposal-United Press.

CHICAGO GRAINS

Chicago, May 24 Grain futures were firm in light trading. Wheat closed 14-

higher.

$1.07%: Scotember $1.98%;

$1.07 6/8.

Damber cent high.

Corn

July $1.32%-$1.33.

....

Oats 15 lower to 5% higher. July .62.

Rye two cents higher.

July $141.

Soybeans

to 2 cents higher. July $2.25-$2.251-Associated Preve.

LONDON STOCKS

London, May 124.

Closing stock:——

Adama Expresar 38% Alaska Juntaur 3% American 'Can: 91% American Emeliner Ba Ampelan Telephoper -140% American Tobacco 70 Anaconda Conveti 273 Aviation Corporation

6

Baldwin Locomoïira; 10) Namidaŭki - 4331⁄2? Bendix Aviation: 8 Bethlehem Steph: 27 Boeing. Alrerafts 20%2 Bordea Company: 11% Canadian Pacifier 1254- 2.1. Carol 32 · Chrysler 405

Colante: si

Commercial' Solvents: 14 Corn Producto: 03 Durons: 0%

Läntina Kostak 1 11%

Electric Light and Power: 25% General Electric

30%

General Motoru: 50%

Goodrich-49

Goodyear: 401

Homeslake Milner 40%

international Barreter: 23% Intertiaional Päpert 48% International Tel And Tel.: 9 Johna Mehullin i. ' BASI Kennéeolt Copper: 451⁄2 Montgomery Ward: 51% National Distillers: 125 National Lead: 28% New York Central 114 Packard Motors: Pan-Alertcart Mewlyn;506 Pennarivania I.: 15 Radio Corporation: 11 Real 80k: iL

Republie Heel: 20% Reynolds Tobacco 30% Sen Rocburk #7 Shell Oil: 34% BonnyVinum: 15

Southern Pacific: 41%

Standard Brande: 181⁄2

The Global Ficot

TO HONOLULU AND SAN FRANCISCO

Savla SHANGILAJ & JAPAN

"Cerecall Gordati: (via

"Tresident Wilsoő”

"Manlia & Japan)

"president Cleveland"

via JAPAN

ནས་དོན་ནས་་་ནམ

+

June June

TO SAN FRANCISCO AND LOS ANGELES

"President TAIL "President Madison"

May 28

Juno 4

TO NEW YORK, BALTIMORE & BOSTON

* via PANAMA

“President Johnson" (Direct to Facific Coast) *President Harrison" (Direct to Pacific Coast) ........... July 12

June 16

ROUND-THE WORLD

VIA MANILA, SINGAPORE, COLOMBO, KARACHI, SUEZ,

· PORT SAID, ALEXANDRIA, NAPLES, MARSEILLES,"

GENDA, NEW YORK and BOSTON "Marine Snapper" (Singapore Direct) "President Polk"

· TO D.E.I. & SINGAPORE

"President Harrison" "President Filmero"

Opposite Star Ferry.

June

1.

June 15

June 4

July

Tel. 28172/N,

AMERICAN PIONEER LINE

to and from Atlantic Coast Ports of

the United States and Far Eastern Ports

NEW FAST CARGO SHIPS

ARRIVALS FROM ATLANTIC

"PIONEER DALÉ”

In part

"PIONEER LAND"

In Port

-

"PIONEER WAVE"

June 15

SAILINGS TO MANILA

"PIONEER DALE” "PIONEER LAND" (Cobu only) "PIONEER WAVE"

May 25

May 20

........

Juno 16

Standani oli of Califomla: 61%

Standard Oil of NJ.166%

Studebaker: 10.10

Union Hag: 234

Union Carbide #2

US Rubbers $73

UB Beer CAT 118 Line

166 Westinghouse: 22%

Youngston Bheet and Tubor 611⁄2 General Publis ili 24

-Amodated Pekpa.

of exchange rates both to in- Small Iasses. were widespread

Paris, May 23. creare dollar-eaming exports and on the Stock Exchange on Mon-

The French Foreign Office an- the stabilise

fridividual cur-day. The threat of a railway nounced today the signing of a runcles.

strike created some selling and Franco-Yugoslav trade agreement caution. Decline of Britain's under which each country will be April exports also was a bearish exchanging goods worth sle mil- influence, British funds closed lard francs (£6,175,000) during fractionally lower and leading the next 12 months-Reuter Kaffles declined in industrials Onished slightly off. sympathy with the general trend,

Financial Times index 113.6.

Major Objective Financial stability' Is consider ed one the most important phases of the ERP and any move toward convertibility of currencies is being encouraged by ECA of clnls.

Convertibility i considered one of the most desired ob. jectives this year, since ECA officiali belleve this would re- mave one of the strongest bar- riers to * Increased trading be tween the various countries.

,༴་ · ༄, ་་ ཎྷཱ་

NOTICE TO CONSIGNEES HOLLING

P. O, B. L. & E. & A. BILLS OF LADING

Mesars. Goddard Douglaş U.S. dollars opened yesterday will attend at 10 am on Mon

close,

had gone up to $7.85.

L

Associated Press.

Notice To Consignees

M/S. "MARCHEN MAERSK" arrived May 22, 1949.

Cargo shipped from U.S.A. by the above vessel and des- tined for

SHANGHAI

was discharged at Hong Kong into the premises of the long Kong & Kowloon Wharf &

MAERSK LINE Notice to Consignees、

The M/V "MARCHEN MAERSK” having arrived from New York and Ports of cail, Consignees of Cargo are hereby notified that their goods are being landed and placed at their risk and expense into the Hong Kong & Kowloon & Godown Company's godowns at Kowloon, where delivery 'may be obtained as soon as the

goods are landed.

at HK$7.90, and after climbing days and Thursdays within the

Optional cargo will not be to 39.30 dropped to $7,05 at the free storage period to survey

landed here, unless notice has damaged, cargo, and cop Godown Co., d, according to been given 48 hours prior tp TT closed at HK$7.50 after it and requested, to have their the terms and condition of the vessel's arrival, but carried on representatives present. Unless Bill of Lading, where it now from port to port to the final present at the Survey no claim penses of Cargo Owners, who extends. consigncea representatives are is lying at the risk and export of call to which the option can thereafter be admitted,

MACKINNON, MACKENZIE

Pinstres closed at HK$14.20

100 after opening at $14.

Sterling was at HK$18.00, and Australian pounds at HK$16.50.

Ticals went up to HK$39.40-a 100.

NEI Guilders opened at HK$42 'n 100 and aloged at $10.09.--

Agents

& Co.

P. 4 0. B. ́N, C6, B. L 8. N. Co., Ltd.

E. & A. 8.9. Co., Ltd..

are requested to surrender. to

No clalma will be ddmitted us the relative B/L duly en-after the Goods have left the dorsed for countersignature, so Godowns, and all goods remain. that delivery may be effected. Ing undelivered after the 29th | May, 1840, will be subject to irent.

A

JEBSEN & CO.,

Agents: MAERSK LINE.

Pacific Far East Live, Inc.

Fast Regular Trans-Pacific Servica

DIRECT

SAN FRANCISCO,”“LON ANGLAIS

BE OVERLAND NEW YORK-CifICAGO-DETROIT/TORONTO, MONTREAL AND ALL AMERIGAN • CANADIAN CITIES,

151T

BRA

HELPENT"

Ban, Freeclacs In pert “JULIA LUCHIKBACIS **Bán Francisc “CHINA VILTORIA..

May 11

14

"LIGHTNIN{!!! ܠ

{Man, Fennelons

May 20 May 10

Jane

Free th

“FLYING DRAGON".$.

-TOREA:

For fill partiyalars émil Cléoggil.

San Franciom & Les Angles

By Francisco vlá`Kaki 'S

Kan Kriegsten Kišmi Amasīvs.

All broken, cafed, and damaged Goods are to be left in the Godowns, where they will be examined on 27th May, 3049 at 10.a.m. by our Sur voyars Messrs. Goddam & Dou- glas

To comply with the General Bonded Warehouse Regulations

Ro consignees must have a venue Officer in attendance when damaged dyllable goods gre examined.

All claims must reach us be- fóre the 22nd June, 1949, of they will not be recognized. ? 'No Insurance will be effected.

JEBSEN & CO

Agents.

Hong Kopa, Max

SAILINGS TO ATLANTIC

via SHANGHAI, JAPAN & PANAMA CANAL "PIONEER LAND" Arrives June 12. "PIONEER WAVE" ......

Juno 14

July. 4°

帅

July 6

For rates, special Information call

UNITED STATES LINES

Queen's Wilde.

COMPANY

+

Tel. 31251

The above list Indicates the principal ports of loading and discharge a presently intended, but not "their" rotation. For facilite läferma- ́tion" noo' schodnie at the Company's O&co

BEN LINE

SHIF "BENRINNES"

BENAVON" *"BENARTY"

"BENVENUE" *BENLOMOND" "BENVRACKIK "BENLAWERS

SHIP

"BENAVON" "BENVENUE" "BENLAWERS" "BENRİNNEJ"

ARRIVALS

FROM „„U.K.`via_Slogapore -

- do do

'SAILINGS

London, Antwerp, - Raiterdam, Ham- burg & Hall,****** ......Liverpool, Glasgow,”

Leith

E“BENARTYZ".

Liverpool, Glasgow, BENVRACKIE” › Havre, Antwerp,

DUN

In part. 28th May. Early June. Est half June, 2nd half Juana. End "Jane. Early July.

LOADING

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

4.

26th May..

2nd half Jane,

Ist half July.

Bqtterdam, Hamburg. I'BENLOMOND" ... Genoa, London, Ant- 2nd half July, werp, Rotterdam Hamborg.

• Accepts cargo for Japan calls at Port Budan

&

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

Tork-Building,

Agents

Telephone: 14108,

KLAVENESS LINE

SAILINGS

Direct to Los Angeles, in 16 days Thence San Francisco, Vanconyer, Seattle & Fortland MS, “SUNNIVILLE A

30th May

24th May

21st June

*ARRIVALS FROM PACIFIC COAST M.S. FRANCISVILLE” M.S. "CASTLEVILLE

Salling to Slugapore, Fort Swettenham Pellang, Belawan & Batavia

M.S. “FRANCISYILLE"

Chlones Freight" Agvots:

HOOFOOK!

26th May |Bulk Off Tanka..

THE BANK LINE (CHINA) LTD. HANKYING (triina) Laa.