1949-06-07 — Page 12

ROYAL

INTEROCEAN

LINES

JAVAPORTS and MACASSAR

ANAGROD & SAILINGS

*TJITJALENGKA“ ............. th June

"TJISADANE"

TASMAN"

"TJIBABAK"

"TJISADANE"

"THTJALANGKA“

23rd June

June

SHANGHAI

SAILINGS

10th June

MANILA

SAILINGS

ARRIVALS

At Juno 24th June

ARRIVALS

8th June

ARRIVALS

6th June

SINGAPORE, PENANG and BELAWAN DELI

"YAN HEUTSZ"

"VAN RIEMSDIJK"

"VAN BEUTSZ"

SAILINGS

11th June

20th Juno

ARRIVALS

20th June

AMOY and MANILA

SAILINGS ARRIVALS

10th June

EAST & SOUTH AFRICA & SOUTH AMERICA

"TEGELBERG“

“TJIKAMPEK" * "KUYS"

"TJIBODAS

SAILINGS ARRIVALS

26th June

18th July

10th Aug.

. 10th June

10th: July

7th Sept.

Calllug at Mombasa & L. Marques Direct. Transhipment cargo accepted on through Bs/L to

"TEGELBERG"

Dar-Ex-Salaam and Zanzibar.

no passenger accommodation.

JAPAN

SAILINGS

12th June

ARRIVALS

24th June

Agents: HOLLAND-EAST ASIA LINE

EUROPE via MANILA and MALAYA

"MEERKERK"

"AMSTELDIJK”

"RIJNKERK“

"MARIEKERK"

SAILINGS ARRIVALS

End June

Parly June

End July

Early July

End Aug.

Early Aug.

End Sept.

Early Sept.

Transhipmeni cargo accepted on through Ba/L to India, Mediterranean and Northern European poris.

KING'S BUILDING: TELS: 28015 to 28017 CHINESE ADDnts: 82,ConNAVONT RD., C. Tess: 31196-25133

DE LA RAMA LINES

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

m.v. "BENGAL"

27th June

30th July

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

B.S. "DONA AURORA" (calls Japan)

m.v. "DONA NATI”

(

18th June

22nd June

THE DE LA RAMA STEAMSHIP CO., INC.

(Incorporated in the Philippines)

MARINA HOUSE Tels. 23636-22675

CHINESE SHIPPING OFFICE Tels. 23738--20153

THE EAST ASIATIC CO., LTD.

OF COPENHAGEN'

M.S. "KOREA'

LOADING ABOUT 23rd June . for

ADEN, PORT SAID, GENOA, ANTWERP, ROTTERDAṀI, UAMBURG, OSLO, GOTHENBURG AND COPENHAGEN.

also, possibly, COLOMBO,

Tanks availablo for the carriage of oli la bulk.

S.S. "TAHSIS"

LOADING ABOUT 10th JUNE for

VANCOUVER B. C. via Japan

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

Tel. 34111 & 34112.

CHINA MERCHANTS S.N. CO.

15, Connaught Hoad, West.

DEPARTURES

Telephone 31033.

S.S. "PEI TEI” Kobe & Yokohama

那缸

S.S. "HAI HSIA”!

Key Gap (of Sthe June 49. Singapore... 14th June 49.

(With Passenger Accommodation)

For Full Particulary" "Pleite All" to the Above.

THE CHINA MAIL, TUESDAY, JUNE 7, 1040.

FINANCE

COMMERCE

Business Activity In U.S. Continues Downward

Turn For The Better Seen

Sir Stafford Back From Conference

Non-Ferrous Metals

Trend; Demand Down

New York, Juno 5.

Business activity, in the United States continued to

coast down-hill the past work.

Off to a slow start because of the Memorial Day holiday last Monday, total production was under the previous non-holiday week and in most cases was short of the 1948 week's out- put.

"

with

operations

NY Times On Japanese Reparations

Prices, new orders, retail especially in this country because em-the British economy and dura ark Irade, inventory positions, Paris, June 5.

together,-Asso- The Chancellor "the ployment, income paymbhis and so closely tied

of Exchequer, Sir Stafford Cripps, capital expansion programmes all ciated Press.

favourably compared- lesn left Paris tonight for London, the exceptionally good times en- after having participated in a

Joyed by business the same time two-day Marshall Plan con-last year. ference here.

While day to day Authoritative British

those who expect aources disappoint claimed that Sir Stafford per more of a seasonal pick-up, there Sunded the Consultative Council were straws in the economic of the Organisation for European winds last week which suggest- Economic Co-operation not to ed turn for the better, at least artopt schemes which British ox-

for the preconstruction perta regarded

endangering 03

Spring Britain's gold reserves, the ster-

faster pace stee | rol a ling exchange rate, and her pro-nation. Bath home construction editorial today, noted the jux- of General Mac- gramme of recovery in general.

heavier types of work such taposition The Council failed to agres on

announcement hospitals, schools, public | Arthur's

And

25

4

activity

all over the

New York, June 5. The New York Times, in an!

of

it new Intra-European payments buildings and the like are parti-Japan's vast economic progress

A communique pub-ripating in the sudden Agreement.

upturn and China's and the Philip-

The agreement is. In fact, a resolution adopted by the seven- power Council for submission to The other members of the. Or ganisation.

The restrictive and qualified for removing recommendations trade restrictions are specifical- ly made subject to an agree.

being reached ment also -payments.

on

The resolution recommends that Marshall aid countries Immediate-

17

for

the total.

Electric Power

Ainut

States decision to end repará- tfons against Japan.

reached,

New York June 0. American non-ferrous metals more shut down producers mines last week as demand con- tinued at

a low ebb, Gopper sales were very small. Ledd buying tapered off after a promisinit pick up early in the week. The zinc market showed Little sign of Improvement despite another price cut.

Zine was trimmed of a cent to 10% cents a pound, East St. Louls. This compares with a post-war high of 17% cents and celling price of 95 cents moln- tained

by the Goverment Con- throughout the war until

OPA (Office of gress Administration).

Prico

Galvaniser, dle casters and brass mille showed little interest in the metal, No stockpile pur- chases by the Government was ini prospect. As a result, mine cur failments spread.

Anaconda: also curtailed work at one of its copper minda, dibu ferred "temporarily another long planned ropper development: Ita ninjor copper operations wedo cut own to a five day week, Konne- sott made a similar reduction pre viously.

στην

Copper business was virtually at a standstill. Indicated May refined copper shipments of were expected to be the lowest for any month, in years

Load Demand

Copper, forel, 17.825 cents a pound New York.

lished last night said that this that exceeds anything the most pines reproach at the United problem has been referred back optimistic builders had in mind

Some Improvement was noticed to experts with certain new sugarlier

this

year.

in demand for lead at 12 cents- Restions.

The authoritative Engineering

The Editorial said, "It may be the prices established on May 20. Reliable sources agreed that News Record said the total een that long-term requirements of Rumbur's that a price reduction whatever new scheme was adoptstruction backlog in the

the situation will dictate a policy for tin could be expected within ed the countries taking port would quarter showed #net gain of no further specific reparations the next two months persisted in not have to make settlements with US$1,300,000,000 or five.umes from Japan. If that is true, then the trade. This prospect appar one another in gold or dollars.

the increase in the slow

some fair compenzatory formula ently was only temporarily dim- Denying that the conference

must be evolved for the benefit med by the six-day strike of tin had been a failure, officials of the quarter of 1948.

Buffered depreca-

eca- miners

In Bolivia, which ended on OBEC pointed to the agreement

This Indicated to the trade of those who

would Tuesday. to liberalise payments announced journal that the waiting period tion and simple Justice

However, Alexander B. Royce, in the Consultative Council's

construction probrammes suggest that it be at the expense

Vice President of Patino Mines communique.

was ending. The national total of the Japanese,

ise, those who endured the and Enterprises Consolidated, told "Likewise, of construction backlogs at tho end of April, stood at U8344; Japanese conquest are entitled to shareholders at New York that 600,000,000. Asharp gain in firm: reassurance that it will not Bolivia properties would have to. proposed Industrial construerecur. Those two,

or if taxes or wages were in tion was an important part of not thus far been objectives have be closed if the tin price were cu "We have discarded the idea of creased without an increase in the but that does not price of teational Tin Study punitive peace mean we likewise discarded the concept of established obligations. Group at The Hague reported Electric power production this The Philippine and Chinese case world tin production on concen should be heard and some means trates up from 1,000 long tobs in week was higher than the prebe devised to meet the demands February to 14.300 in March,

the first the vious week for

time:

of noa-ferrous Major prices that our, Allies have made."

metals included: since late in January. While take steps for the progressive

United Press. elimination of quantitative trade increase was small, It still was

regarded as a strong ind

indication restrictions between each other.

that industrial activity was, tore Next October is suggested as

national buris the date for reporting on the first pronounced on a

because consumption of electric measures taken. A further re- commendation

made that power is one of the most trust- worthy barometers of business member countries shot! prepare. lists of products of which they conditions known to economists.

A sharp

Tokyo, June 6. unrestricted

fait la stabi "pro- would allow

About 300,000 tons of 1,400,- ports-Reuter.

duction-the worst of the year and thy seventh in row 000 tons of Japanese shipping was the focal point of produc in operating conditions are ly tion charts this weak. Theing idle today, according to the operating rate of 91.8 per cent maritime affairs newspaper, of capasity

was the

towest Kalju Shimbun." Pittsburgh, June 6,

since last December 20. Carnegie Illinois Steel Corporn- The week's tonnage of 1,092, tion, a U.S. Steel subsidiary, shut down a blast furnace at Duqueane 300 tons was the smallest since beenuse of lack of orders. This late July, 1048, when mills were the first shutdown by the just getting back on their feet company since the end of the after a coal strike.

The real cause is a sudden and larger than expected drop in for ward buying of steel by users.

A bad spill in the stock and bond markets dovetailed.. with tumbling securities

markets in London where it was reported a highly disturbing economic and political situation was building up with the fate of the pegged Pound Sterling uncertain.

is

was

Imi

BLAST FURNACES CLOSED DOWN

world war.

The closure is expected to cut Pittsburgh production by, two per cent. Thirty-five other Car- negie Illinois blast furnaces con- tinue operation in the Pittsburgh- Youngstown area, Associated

I'ress.

Notice To Consigncos

Consignces fer

STATES STEAMSHNI

COMPANY

big

Jap Shipping Lying Idle

The

the

newspaper blames monetary stringency which is being accompanied by a stagnancy in the movement of commodities. it also mentions as other factors

Lead, 25 cents, New York. Zinc, Foreign, 10.75, Gulf

'Mexico

exico ports.

Aluminum,

17

of

zenta ingots,

slupping point.

Antimony, 41.73 cased, New

York.

Ferromanganese, 78 to 82 per cent manganese, US$172 to US$175 gross shipping point.

Platinum, US$72 an ounce, wholesale, New York:

Tin, US$1.03 a pound,

York:

Now

ask of 78 pounds, New York.

Quicksilver, US$81 to US$83 Tungsten bre, Chinese, Ussna US$23.50, New York-Associateu

a decrease in coal deliveries and Press. competition from railway and small vessels in the coastal traffic.

the As a counter-measuré, Maritime Board is laying plans for a more extensive" use of Japanese trade, the bottoms in ocean

One of the nowspaper declarca. measures to the transport of iron from Rangoon by Japanese 'bol toms-Router.

APL SHIPS FOR ORIENT' RUN

Tokyo, June 4. The American President · Lines are to spend US$400,000,000 on building ships to serve, the Cricut Bir George Killion, President of the Line, wald before, leaving here San Francisco, June 6,

for the United States..

"We have committed, ourselves Steamer Cyclops arrived' yês- Devaluation or other changes in

the Philippines to this because of our bellef in this importunt currency would day from

bil Saturday the future of Japan,” he said.n have immediate effects In every Wolvorine Stato capital

world, and from Japan.-Associated Press. Reuter.

in the

Notice To Consignees U.S. Loan To China

8.6. "VINGNES"

5.5. "CHARLES E DANT" are hereby notified that their cargo is being discharged into the Hongkong & Kowloon Wharf & Godown Co's godown | Having arrived Hong Kong where it will be at Consignees consignees of cargo are hereby risk and subject to the Wharr's notified that all goods have been terms and conditions of storage, landed: and placed at their risk and where delivery may be and expense into the godowns

obtained.

•

Damaged packages are to be left in the godowns for exam ination by Consignees and Company's Surveyors, Messrs. Carmichael & Clarke af 10 a.m. on the 9th June.

venue

of the China Provident L. & M. Co., Ltd., where delivery may be obtained as soon as the goods are landed.

No claims will be admitted after the goods have left the godowns or failure to attend the survey.

All broken, chafed and

He

Would Be Unwise

Washington, June 5.

The Secretary of the Treasury, Mr. John W. Snyder, said today that American loans to non-Com- munist China, would be most unwise.. odded his objections to those expressed earlier by Mr. Dean Acheson, Secretary of State, on the $1,500,000,000 credit proposed in the Congress for military and civilian aid to anti-Communi- ist forces.

To comply with General Bonded Warehouse Regulations

Mr. Snyder's views were not Mr Snyder said that on two Consignees must have a Re-damaged goods are, to be left down in a letter to Senator Theo- separate occasions, the National Ofeer in attendance the godown where they will dore Francis Green and covered Advisory Council, top government when damaged,dutiable goods be examined in the presence of the fiscal aspects of the land agency on foreign loans, decided Messrs. Goddard and. Douglas which was proposed by Senator that a general credit to Ching was are examined.

on the 4th and 7th June, 1949 Pat McGarran No claim will be admitted at 10, a.m. after the goods have left the steamer's godown, and all goods remaining undelivered after

#

J

Ravenus Offer In attendance when examining agmasta duli-

Notice To Comigneer

not warranted..

It was concluded by the Council that in view of the lack ̋of*crvalt worthiness, anyáld to China should be on a grant basis with the possible exception of somo re- construction projects,

To comply with the General bonded Warehouse Regula- the 10th Jund 1949 will be tions, consignees, must have a

M.V. "ANCHISES"

Ho said: that, in addition, thờ subject to reht.

tuation China, hay, deterioral- Damaged cargo ex this vessel ed since die Council berua; conal- All claims against the stea-able goods. - Kit claime, against mer must be presented to Une the vessel must be prejanted to will be surveyed at Holt's during the problein. Accordingly, Undersigned on or before the the Undersigned within four-Wharf between 10 am and is concluded: If wild be most 17th June 40 or they will not teen days of the ship's arrivalzinoon on June 7 and 8, 1949, bo recognised.

or they will not be récomused, urid consignees, are requested to have the representatives No, fire Insufnitce

present during the survey.

No reinzurance" will: be effected"

DODWELL & CO., LTD.

Hong Kong, Juno

WALLIM & CO}

DE & SWINE Agents. Hong Kong, Jund 4, 1949,

ungle at this time from finan

LINES

The Global Fleat

TU HONOLULU AND' SAN FRANCISCO via SHANGHAI & JAPAN

"President Wilson"

“General Gordon" (via Manila & Japan)

"President: Cleveland"

f

Хапе

Juno

July

TO SAN FRANCISCO AND LOS ANGELES

via. JAPAN

"President Madison"...............

"President' Pierce"",

# Juod June 30

TO NEW YORK, BALTIMORE & BOSTON via PANAMA

*President Johnson" (Direct to Pacific Coast)

'President Harrison" (Direct to Paclito Const) .......................

ROUND-THE WORLD

Jano 25 July 12

VIA MANILA, SINGAPORE COLOMBO, KARACHI, SUEZ,

FORT SAID, ALEXANDRIA, NAPLES, MARSEILLES,

GENÇA, NEW YORK and BOSTON "President Folk" "Mount DAVEST

TO N.E.I. & SINGAPORE

"President Fillmore"

Opposite Star Ferry,

June 15 June 28

July 3

Tel. 28172/6.

BEN LINE

SHIP

**BENARTY"

"BENVENUE" *BENLOMOND”

"BENVRACKIE” "BENLAWERS”

SHIP

"DENVENUE" “BENLAWERS" (

{"BENARTY”

ARRIVALS

FROM

U.K. vin Singapore

SAILINGS

TO

London, Antwerp, Hotterdam, Ham- burg & Hull,

Havre, Antwerp,

"BENVRACKIE Elverpool, Glasgow, 1"BENLOMOND"

Rotterdam, Hamburg.

DUZ

In Port. Abt. 18th June." 2nd Imil June. End June. Early July.

LOADING

2nd half June. Ant kalf July. 2nd half June.

1st half July.

Genoa, London, Ant- 2nd half July. werp, Rotterdam Hamburg.

* Accepts cargo for. Japan

calls at Port Sudan

For Further Particulars. Apply To-

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

York Building.

Agents

Telephone: 4365.

ISBRANDTSEN

Isbrandtsen Company Inc.

20 Broadway,

...

New York 4, N.Y.

FAR HAST ETRAITS • INDIA •. PERSIAN GULF • MEDITERRANKAN

UK & CONTINENT * W: INDIES • §. AMERICA

STEAMSHIP DIVISION

FROM

S.S. "STAR OF

SUEZ”

Manila...

Due June 8,

SAILS FOR

Shanghal, Taku Bar, Kobe, NagOYN, Yokohama, Bau, Francico&A New York; vin Panama Canal Juno 9.

Tanks for Oil in bulk & Refrigerated Cargo Space available. First Class Passenger Accommodation with limited number of cabina de Rixes

A. P.

PATTISON & CO.

GENERAL, ‘AGENTS: CHINA FORMOSA, KOREA, JAPAN,

·HONGKONG 12-14, QUEEN'S ROAD CENTRAL, 4th floor.. TEL: 28346

Chinese Agents:-LAM KEE SHIPPING 00. * Connaught Road, C. Tal. 24683,

KLAVENESS LINE)

SAILINGS

Direct to Los Angeles, fi 10 days Thence San Francios, Vancouver, Seattle & Fortland „M.S. ""FRANCISVILLE!

30th June

M.S.

21st June

22nd July

ARRIVALS FROM PACIFIC COAST MS. "CASTLEVILLE”?

“BOUGAINVILLE”

to Slugapore, Fort Swattenhamn. 23 Ponang, Belawan & Balavla "CASTE VILEM

221td: Jung

in standpoint." "to extend » ARMT- statice to Ohlów on a craite basis.

Senator McCarran proposed that M.S. a credit be expedited for military Audocobonile aid as part of the zafrenty stabilization programma. He suggested that China's, port revenues be plodged us collateral. for the credit and that there bo "American" supervision 208 called

calght, Agents, HOO FOOK FİNG

THE BANK LINE

(CHINA) LA