1949-06-21 — Page 12

ROYAL

INTEROCEAN

“TJIBADAK"

TASMAN

LINES

JAVAPORTS and MACASSAR

| TJISADANE"

"TJITJALENGKA"

"TJIBADAK"

"TJIBADAK"

TJISADANE"

SAILINGS ARRIVALS

22nd June

7th July 21st July 7th August

MANILA

SAILINGS

22nd June SHANGHAI

SAILINGS

24th June

7th July 21st July

ARRIVALS

In port

ARRIVALS

28th June

SINGAPORE, PENANG and BELAWAN DELI

"VAN RIEMSDIJK"

"VAN HEUTAZ"

"VAN RIEMSDIJK

SAILINGS

29th June

15th July

1st August

ARRIVALS

In part

Uth July

*3rd July

EAST & SOUTH AFRICA & SOUTH AMERICA

ARRIVALS

SAILINGS

"TEGELBERG“

28th June.

*TJIKAMPER" * "RUYS"

18th July

10th Aug.

10th July

7th Sept.

5th Oct.

17th August

"TJIBODAS" *

"STRAAT MALAKKA"

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

"TEGELBERG“

Dar-Ez-Balasm and Zanzibar.

* 10 passenger accommodation.

JAPAN

SAILINGS

ARRIVALS

25th June

Agents: HOLLAND-EAST ASIA LINE

EUROPE via MANILA and MALAYA

"MEERKEKK"

"AMSTELDIJK"

"RIJNKERK”

"MARIEKERK"

SAILINGS

ARRIVALS

Early July

End July

Early July

Early Aug.

Early Sept.

End Aug.

End Sept.

Transhipment cargo accepted on through Es/L to India, Mediterranean and Northern European porta.

"MEERKERK"

JAPAN

SAILINGS

ARRIVALS

Early July

KING'S BUILDING: TELS: 28015 TO 28017 CHINELE AGENTS: 82. Connaught Re. C. TELS: 31196-25133

DE LA

RAMA LINES

ARRIVING FROM U.S. ATLANTIC COAST- VIA LOS ANGELES & SAN FRANCISCO ·

1.v. "DONA ANICETA"

... "BENGAL"

1st July

THE CHINA MAIL, TUESDAY, JUNE 21, 1940.

FINANCE AND

COMMERCE

Industrial Production In Pessimistic U.S. Continues To Decline View Of

H.K. Stock Exchange

Raics

continue

to "" remain

steady though the turnover is

poor..

JEK. GOVT, LOANR:

4

on 103.

31 (1924 & 1340) 10in. #% Lati (1968) 10].

UNIAI

.K, Bank IC00%, 100K/169.

Reg. 1945,

Cinzel Dună 210 5/1616, Mercantile Back A. & II. Rank Enst Anlu 15. INSURANCES;

Canton 1, sad.

Univer Jus. Zand, Gen9, C.

Chine Underweillers 6.80. H., Fire 1res, 230, 24016. HHUPING.

Dovelies 232n.

H.K. & M. Rentbonis 17%. Indu Chions (Prof.) 10.

that.) 200. Shela #brator) cazany Calon Waterboats 3011⁄21⁄2 n. Asin Na, ch.

IKH, WHARVES, GODOWNS, Ele

ILK. & K. Whozwen 12a.

Noell Punt Wharves &

Shantial Hongkew Wharves FRn.

R.K. Borka 3444

Chink Sorento - 11h

Khanchal Dockyards 104.

Wheeleks 28.

MINING:

Ital Minem è.

2. l .011ận

LANDS, HOTELS AND BUILDINGR

H. & R. Hotels St.

B.K. L . Dina

Fanghi lands 2.985, 3.20,

Humubrey 11m.

H.K, Repities An.

Chloe Fiat 365m.

PUBLIC UTILITIES.

H.K. Tramway. 1616), 16.ED/.70. Jeck Trams (0) 19.

(New) 16,

Star Ferries 112n.

C. Lights Old) 15,206, 13.40, 19.20 (New) P.105, 11⁄2

R.K, Eletries dab, ix, 23/8234am. Macau Electrics 22n

Sandakan Lights On.

Telephone #15.

Bunghai Cần

INDUSTRIALS:

Cal Max. (Ord.) 2.Gen. Canton lees in

Coments 3b, 20%, 22/23%»«. H.K. 15 b, 104 m.. STORES, Etc.!

Dairy Farm 2014 0. Wations 46, Aben,

1. Crawfords (Qld) 20m.

(New) in.

Sincere in.

China Emporium On. Ban Co, Trid. 250.

Krong Bang Rong 2869.

Wing On (H.K.) X., 820. Wm, Powell, Lad. 914. MISCELLANEOUA:

China Entertainments 18. 1.K. Constructions. (01dy an.

(New) 7%.

Vibro Pillega 16. Marxman Investments 9/11. Hem (H.K.) 25. Shanghal Loan 2.10. Yang!ates in.

COTTONBI 10th July

SAILING FOR U.S. ATLANTIC COAST

VIA SAN FRANCISCO & LOS ANGELES

LE "DONA AURORA" (calla Japan)

my. "DONA NATI"

M

}

21st June 22nd July

THE DE LA RAMA STEAMSHIP CO., INC.

(Incorporated in the Philippines)

CHINESE SHIPPING OFFICE Tels. 23738-20153

MARINA HOUSE Tels, 23670-22675

THE EAST ASIATIC CO., LTD.

COPENHAGEN

M.S. “KOREA"

LOADING ABOUT Âth June

for ADEN, PORT SAID, ANTWERP, KOTTERDAM,

"'AND' COPENHAGEN. HAMBURG, OSLO, GOTHENBURG AÐ

also, possibly, COLOMBO, Tanks, avaliable for the carflage of all in bulle

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

Tel: 34111 & 34112

CHINA MERCHANTS S.N. CO.

Connaught Read, West.

5.S. “TAITUNG”. S.S. “HAI YU”

DEPARTURES

(With Passen

For Full

Koplung Bangkok

Telephone 31633.,

21st June:40) 23rd June 49 ommodation)

Apply to the Abou

Ewon 7 b. 7.70, 7.30a. RUDDER, Etc., COMPANIES,

Alma Estoire 18m. Anglo-Butch 50n.

Anglo-Javas in.

Bulu Assume son. Bule Panlations 20- Chemore United 10. Cheng Rubbers 20. Consolidated Rubbers in. Dominion Rubbers In. Hepa Itubbers .20n. Hubber Trusta n. Somag Rubbers .850. Semamba Hubber 26.

Bhangbai Kalahe In. Shanghai-Malays 12. Shangbai Smatram „305. Hungel Durla 1b.

Tanah Merah

.com. Tebong Jubbers atñ. Zanbe tubers 1b.

Notice To Consigndes

CONSIGNEES PER

י' ך

New York, June 19.

A belief gained ground the past week that pessimis- US

tic talk and high prices are hurrying business along a downward path.

Industrial production fell again.

Unemployment

climbed. Steel operations were lower for the 'ninth consecutive week. Tension increased in labour motters. Car-loadings, a reliable bushiess with a theory that is becoming

since fairly general. barameter, were at a top

cur menu- November 20, and facturers turned out cars at the highest rate in 12 years,

a

US Economy

Washington, June 19.

The Public Affairs Institute i today, issued a pessimistic, re- view of the United States | economy.

It said 'congress [should:

1. Raise tax exemptions and reduce taxes;

2. Increase incomes where They say business is dropping

those who do not: to a lower tovel

very possible for

benefit from lower taxis, and orderly manner that there is nothing as unsettling today as

Institute public works and In '1329 and 1930.

and bus-service projects in distressed em- sakl Many industrialists deuten believed consumer buy-loyment areas, however งาน! etid halt the buthiess' de- ourselves ene.

Despite dark spots one econo- nist called them cloudy but not

Traders murky--bushess there is no fear of a real

PLSHION. They warned,

frighten

into a real reversion," had an eye cocked contract negotiations steel and coal Industries

on

with

Another warning that the na- tion's economy is on a downward They ar two things wer trend came from the Ford Motor needed to start purchasing Company, which relected unfor thefidence in the fature and prices demands for pensions and wage which that would make buying navn ncreases. John Bugas, Ford in-

dustrial

chief, wrote relations et a pattern for other industries, ingeous.

The week was not without Tailed Auto Workers president of The

Industrial Or Textile Workers'

terprice declines.

Walter Reuther that the "post- rankstongress

Metals continued 'to show lower Union.

not to however, decided

war buggy ride of ever higher eek wage inercises for its 120,- price tags: wrapping paper and wages, routs and prices is over.

little less. members because 000

of poor bugs cost a

Car tyre prices were rub atıl businees in the cotton rayon In-

There were some who believed dustry.

480,000 further, outs were in store fer L. Lewis' And John miners were ordered back to the automobiles-Associated Press

us planned. Monday pits next Some men doubted whether We walkout, designed to stabilise the

end after Industry, would weck.

The stoppage of work in the egal mines was among

factors

that led some economists to re- vise their estimates on industrial production.

Unemployment rolled up post- war highs in many areas, soine

rine of the

the enal due to miners' absenter.

resulted

The rising curve and swell mg relief rolls have in some states passing depres

and in slon style feller, Rws some cities reviving work re- Het projects.

Associated Press sur But an vey indicated no national emer- gency and most states are certain they will be able to handle re-

lef loads in stride.

Wall Street had the shivers a selling in the week as early wave en the stock exchange sent prices to the lowest level in 4 years. But at midweek the mar ket bounded back and wound

with n cossion that up nother particularly good, nor im- pressively bad.

with a

WAS

National Income generally re- mained high, but farm income dipped a bit. For the Brat four monik

Prices Of Metals

Still Down

a badl stump may be on the way."

The Publie

Institute Alfairs has worked closely with laber research economic groups in shice its inception two years ago. urged Congress to provide ade- for the quote

appropriations United States employment Ser- vlee and to

τι

the

re-establish Civilian Conservation Corpa. which was formed during depression of the 1930's.

the

The Institute said is proposals "admittedly are not the answer

to all the problems of our eco- and must be met nomy which solved if we are to have a long term sustained economic stability pla-and growth. They are, however, the immediate things which the overnment can do to mitigate the rate of economic decling anti ameliorate the conditions of the immediate victims of the business recession."

New York. June 20. Prices of quicksilver, tirum. copper and zinc sagged further last week. Only lead sales showed signs of improve

ment.

Quicksilver fell another dollar to a range of $50 to $82 a.Mask ofi

remained pounds. Demand 76 duli.

During the week 17,000 flasks of Italton quicksilver arrived, at Philadelphia for U.S. government account. It was one of the largest single shipments on record.

nn

Platinum dropped $3 an ounce

and $72 to -$69 wholesale ounce retall. Platinum has fallen $23 an ounce this year.

Copper was twice reduced, a time. The now half cent each

Unemployment

the

Looking ahead, it warned that if the present Economic trend continues; unemployment may rise from the May level of 6,000,000 In tito 3,280,000 to last quarter of this year and

8.000,000 -to almost

by middle of 1950. Analysing present unemploy- Institute said it has price is 16 centa a pound. Refined ment, the

the Jn

Industrial copper now is 732 cents a pound hit hardest below the post-war peak and four states of California, Pennsylvanis, Massachusetts, Ohly, cents above the wartime price linols,

Michigan, New York and ceiling.

New

of the year farm in- Production cutbacks spread to Jersey, Nothing in sight indientes como was lower than early 1948 foreign mines. Omolols of Chite, any halt in unemployment trends.

On the contrary, industry re in every mid-Western state. The Peru and Mexico showed increas

Agriculture department brecasting us. Congresa to restore the tides. "The conditions of those concern over bills pending in vorin indicate further downward a drop of around 10 per cent the

iwe cent a pound copper import who do have jobs are deteriorat- during the first half, compared duty. The US is the primary ing badly the report said, "Their to market of copper from the three hours of employment and earn-

with last Yosits continued

Savings

reported

ings are dropping."

grow, following on axiom that Latin American nations.

The copper institute consumers save more when they

To reverse the trend, purchas- think

lower prices are in the that refined copper shipments in ing power must be made avail-

U.S. during May were the

the able," the report said. “A false ofing.

Alfred P. Sloan inr., and C. E. smallest for any month economy through budget sinsh Wilson; the top men of General years. May shipments 'to domes- ing now will increate our de-

Motots, weighed the the good points and

came

up

MAERSK LINE Notice To Consignoss

The M/V "LEISE MAERSK" having

rived from New York and 'Ports of call, Cont signbes "of Corgo are hereby notified that their goods are belig landed and placed at their riskind expenses' Into the Hong Kong & Kowloon "& Godown Company's godowns al Kowloon, where ure hereby notified that their may be obtained as soon as the

goods are infidea: cargo is being discharged into

BARBER-WILHELMSEN LINE

M/V "TEMERAIRE

the Hongkong & Kowloon Wharf Optional cargo will not be

consumers totalled 32,506 tons compared with 76,134 in April and 113.154 in March.

Producers stocks climbed from 76494 to 126,441 tons.

Zine ulso was cut twice, 1⁄4 cent cach time. The new price is:9 cents, East Saint Louis. That is B, cents below the nost-war high Unofficial reports såld government zine stockpiling purchases would be negligible during the coming twelve months.

ward slide." ficits and accentuate the down-

Meanwhile, speakers In I forum sponsored by the Peo ples" · Lobby -sald Government, bưriners; Ínbour and farmert cach have a responsibility to the donaumar in maintaining *Full production at minimum

cost.

Imediately, because

Dr. Colston Warne of Amberst Lead sales Improved for the College, president of the 'Con- second week. The price held Ansumers' Union and member of the at 12 cents a pound, New York.

The government reported tilat Consumers Advisory Committee to the President's Council of Soviet shipments of andnganese

Advisers, Economic

Auld the Gov- and chrome to the U.S. disap- Eco

ernment may have to take dras- peared altogether in April.

The delivery

Economic Co-operation tie: steps to maintain a high na-

«incoine Mas well 19

to Administration reported that in tiong 16-months it has financed the pur- combat unnlovment.

Frank

'economist for chases of $345,000,000 worth of

CIO,

said organised labour

of on-ferrous metals, Associated the Press.

the Im- effect of a depression on its millions of members, is in- creasingly thinking in terms of total economy and is anxious to with other groups to dollar .weakened to achieve the economie, stability anvisaged by the the close of the which at No claims will be admitted market yesterday after it was tip Employment Act of 1946-United left in the godowns for exam- after the Goods have left the to $0.23: The opening rate was Press. ination by Consignees and Com- Godowns, and all goods remath- $5.20. '-' pany's Surveyors, Messing undelivered after June Sterling was slightly higher at Goddard & Douglas" at 10 am: 26, 1940 will be subject to HK$10.80, while Australian

rent. on 22nd June...

& Godown Co.'s godown where landed here, unless notice has it will be at Consignees riik been given 48 hours prior to and Fußfect to the Wharf's', vertel's arrival, but carried on

terms and conditions of storage; from port to sport to the Oriel Money Market

and where delivery may be port of call to which the option () 1 mars extends. obtained.

Y

Damaged packages are to be.

Re-

U.S. BK$0.18

pounds were unchanged at HK$14

To comply with. General

AП broken, chafed, and Plastics Egain find a marketless! Bonded Warehouse Regulations damaged Goods are to be left day, with the fato quoted nominal Consignees must have a

in the Godowns, where they at HK$13.30 a 100. venue Officer in tendance will be examined on June 24, when dojnaged dutiable goods 1949 at 10 am. by our Sur- are examined.

yeyors Messrs. Goddard & Dou- plant grou

.

No claim will bo "drifted after the goods have left the atcamer's godown, and all goods! remaining undelivered after the 23rd June, 1949 will be subject

to rent.

To comply with the General Ronded Warehouse Regulations Re- cunstunees, must have a benut "Omber in attelidance Mbri"dathiged" dutiable goods aro examined.

All claims against the steamer must be presented to the un dersigned on or Bergte the 20th All claims must reach us be- June, 1940 or they will not before July 19. 1919, or they

Will hặt be recognised.

No Fire Insurance will be

affected.

Hong Kong Juri

Ticals were unchanged at: HK$25.50 a 100.

NEI Gunders were higher at

$37.0 100. tant

was

Tin Group Meetings Extended

London, June 19.

The Global Flent

TO HONOLULU AND SAN FRANCISCO yla SHANGHAI & JAPAN "Geliorat "Gordok" (via 'Manija & "Japan)" "PROSTO "President Cleveland" "President Wilson"

June

TO SAN FRANCISCO AND LOS ANGELES

via 'JAPAN

"President Pierce" "Prealdeńt McKinley"

June ** July 17

TO NEW YORK, BALTIMORE & BOSTÓN via PANAMA

"President Johnson" (Direct to Pacific Coast) semiin. Jaly.22

'Fresidchi Harrison" (Direct to Pacific Conai)

ROUND-THE WORLD

July 12

VIA MANILA, SINGAPORE, COLOMBO, KARACHI, BUKK

PORT SAID, ALEXANDRIA, `NAPLES, MARSEILLES,

GENOA, NEW YORK and BOSTON

"Mount Davis" "Mount Mansfield"

TO N.E.J. & SINGAPORE

"President Fillmore" "President Tyler“

Opposite Star Ferry,

"

July 1

July 10

July 2 July 30

Tol, ESATE/B.

BENDLINE

SHIP ***BENLOMOND"

1 BENVRACKIE" "BENLAWERS" **BENDORAN” **BENREOCIF"

"BENVORLIGA?"

SHIP "BENLAWERS" "BENVORLICH" *"BENREOCH" "BENARTY" "BENVRACKIE” "BENDORAN“ "BENLOMOND"

..

ARRIVALS

FROM

...U.K. via Singapore

dow

- do - - 40-

DUN 24th June. Knd June.

Abt. 2nd July. nhìn mặt nh.

End July.

-do-(direct) 2nd half July.

do - SAILINGS

TO

London, Antwerp, Rotterdam, Ham- burg & Hall, Liverpool, Glasgow,

Havre, Antwerp, Rot- terdam & Hamburg.

LOADING Abt. 5th July; End July.

2nd half August

Abt. 28th Jane. Early July.

2nd half August, 2

Genoa, London, Ant- Abt. 14th July,

&** Rotterdam >werp,

Leith

vla Malaya, Colombo, Aden, Port Sadan and ether way ports.

Accepts cargo for Keelung."

Accepts cargo for Japan.

9 Calls at Genoa,

Omits Hamburg, calls at Leith.

For Further Partsculars. Applu To----

W. R. LOXLEY & CO. (CHINA) LTD. Agents York Building.

British

Telephone: $4.183.

India

STEAM NAVIGATION CO., LTD.

S.S. “IKAUNA”

Loading 5 p.m. 22nd & 23rd June

For Singapore, Madras, Bombay, Karachi and Persian Gulf,

Sails 24th June.

MACKINNON, MACKENZIE & CO.,

Agents:

P. & O. Building Hong Kong.

Tol 27721 45 Line).

KLAVENESS LINE

SAILINGS

Direct to Los Angeles, In 16 days Thence San-Francisco, Vancouver, Seattle & 1

M.S. "FRANCISVILLE”,

The International Tin, Study Group har deĉidéd' to"axlend its annual meeting until next Wed-

erday, TAN

Delegatos from tin producing and consuming nations are at-

ARRIVALS FROM PACIFIC COM teiding the meeting, which had M.S. "CASTLEVILLE” been, expected to end yesterddy.

“METAL PRICE

CHANGES A * PORRFID Julià,"19, Camegle linols Steel Corpora- any Information to the Press.

All have been pledged to refuse M.S. BOUGAINVILLE” tion retured the price of saIVATIOrstood that greap ho had this stage at Dean datang "WOTL Ladu2 drop in the price of mine.

In Butte Montank, the Anacon- tion quotes and

roport i Theommonding that in The

Mining

Salling to, Singapore, Port Sw

committee MS. "CASTE Copper

Company ah terpational conference be copa- No Insurance will be effected.nounced it was closing a Montana voked in the near future.

JEBBEN & CO., zine mine and acetorn sing The competency would draft, in leadmina bookuse Tory #fauing internallbna, servoment on prides Agents,

price. In three months sine has and quotes, intoned sources salā. | fallen from3:49 16 canto 10% nine lama

Hope Kont, June 20, 1845.

2