1949-06-25 — Page 12

ROYAL

INTEROCEAN

***TJISADAN

TJITJALENGKA" VTJIBADAK

TASMAN

. "TJISADANE?

LINES

und MACASSARPEAL

SAILINGS

7th August

MANILA

SAILINGS

...det „July

ARRIVALS

7th July 21st July..

SINGAPORE, PENANG and BELAWAN DELI

VAN RIEMŠDIJK”

GVAN HEUTSZ"

"VAN RIEMSDIJK"

SAILINGS ARRIVALS

28th June 15th July int-August-

SWATOW and AMOY

“VAN - RIEMSDIJK”

athTM July

THE #CHI

MAIL, SATURDAY.

ZINANCE AND

COMMERCE ·

"REPARATIONS NOT IMPORTANT TO PI"

Hồng Kong Stock Exchange

Washington, Juhe 24%.

The U.S. Ambassador to the Philippines; Mr. Myron

Cowen," said today that he does not consider: reparations from Japan important to the Philippinesi

Phill pine recovery on industrial plants removed from Japan is about 15 per cert," Mr. Cowen , told a press conference. fle Indicated that he considers auch lefed apoor source"."" for Phillipples rehabilitation mafari- ala

Mr. Cowen declined to go tar- ther into the subject. But be

New York Stock Exchange

New York June 24. Stocks, advanced to the highest mvárie in 'three weeks under the Impetus of gentle buying insi terest. Improvement was attri buted to the absence, or sening pressure. Only 330,000 shares. were traded. Industriais led the advance, followed by: ratis und utilities. Or 935 issues traded, 500

U.S. Shipping advanced, 195 declined; To By-Pass

SAILINGS ARRIVALS Julged all Utilities are of in American Shanghai

27th June

EAST & SOUTH AFRICA & SOUTH AMERICA

***TEGELBERG"

"TJIKAMPEK" #

RUYS

2oTJIBODA8" *

"STRAAT MALAKKA"

SAILINGS.

„28th June ,18th-Zubk ::10th-Aug..

7th Sept. 5th Ost.

ARRIVALS

12th July. 14th Atigust

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

Dar-Es-Salaam and Zanzibar. *no passenger accommodation.

JAFAN

SAILINGS

ARRIVALS

26th June'

'TEGELBERG". "............

Agents: HOLLAND EAST ASIA LINE

EUROPE vi¿ MANILA and MALAYA

SAILINGS ARRIVALS

"MFERKERK”

"AMSTELDIJK"

**RIJNKERK"

"MARIEKERK”

............nd July

End Apr. End

Sept.

3rd July Early Aug.

Early Sept.

Transhipment carro accepted on through B37Ĺ to India; Mediterranean and Northern European ports.

{"MEERKERK"

AMSTELDIJK".

JAPAN!

SAILINGS

ARRIVALS

5th July End: July

5th July

KING'S BUILDING: TELS: 28015 to 28017 CHINIST AGENT9: 82.CONNADERT RD., C. Trki`31196-25133

DE LA RAMA LINES

ARRIVING FROM US. ATLANTIC COAST VIA LOS ANGELES & SAN FRANCISCO

m.v. "DONA ANICETA

. "BENGAL"

1st July ....................................... 10th July

SAILING FOR U.S. ATLANTIC COAST VIA SAN FRANCISCO & LOS ANGELES m.v. "DOŊA NATI" (calls Japan)

22nd July

THE DE LA RAMA STEAMSHIP CO., INC.

(Incorporated in the Philippines)

MANINA HOUSE Tela: 23670-22675

CHINESE SHIPPING OFFICE

„Teja, 23738——-20153--

THE EAST ASIATIC CO., LTD.

OF COPENHAGEN

S.S. “BLANKVANN”

LOADING MID JULY

for

ADEN, FORT SAID, ANTWERF, HOTTERDAM, HAMBURG, OSLO, GOTHENBURG AND COPENHAGEN,

THE EAST ASIATIC

CO., LTD.

Tel: 34111 & 34112.

Queen's Bldg., 2nd floor.

CHINA MERCHANTS S.N. CO.

x5, Connaught Road, Wost.

DEPARTURES-

S.S. “HAI· HSÍA” Singapore

Telephone 31833.

Business on the Market has heen at low ebb this week and is best described as having been nearly idle. As far as can be employed and the majority of the Stores continue to enjoy good patronage, but, until the political wly becomes clearer investors are fighting shy. Despite the lack of support quotations; in the eneral muin, keep steady and there 'stems less pressure from outside to liquidate.

The Directors of Lane, Craw ford Ltd. have declared a goal dividend of $2 and bonus $1 on old shares and a dividend of 75 cents and bonus 50 cents on use new shares. All are free of tax

1.K. GOVT, LOANS ..........

4% Loon 11b, 3% Loan (03. & 1940) 101. 34 Loan (1948), 1918.

BANKR H.K. A 8, Bank 1200, CRO, (Lon. Reg), £ Chartered Dink" £10 1/26. Méréauíšie" BaÌKA, & D; £23% n. Bank of East Adla:115)

INSURANCES ·

Canton Ins 8406, 35 Union In. 0386, €12. Chin Underwriter 5.00. H.K, Fire ina, 2386, 240ŋa.“

HOPPING

Dougloves 52.

ILK #M, Strombómfa 17 n. Zade Chlons (Pref,) 89 n.

(Def.) 2001,

Shell (Bermer) tos-0.

Union Waterboats' sila.

Able Nat. 95, 96

DOCKS, WHARVES, GODOWNS, Ate

K. Whâives - 1236.

NarthPoint "Whalves #b.

Shanghal Hongkew Wharves 18h. H. Docks 18.60h; 19,20s, 28%**. China Providents 12b,

Shanghal Dockyards 10% m Wheelocks 291⁄2†,

MINING

Raub Mines 4.00p.

H.K MI ‚011⁄2"

LANDS, HOTELS & BLDGE.

F., & B.. Hotels: 11.10b; 18.000.

H.K, Land:C5b,

Shangha Landa Ju.

Humphreys 11.

H.K. Realties/25.

Chinese Estates,165n.

PUBLIC UTILITIEÏ“

H.K. Tramways 10b, 178, 10%

Peak Hàn (01h 10É.

(New) 10:

Star Ferries 119

C. Lights (Old) 12,785, 13.309, 13.10/13.

(New) 9.105, 08, 07.10. Electrica 12, 836, Bak

ILE

Muca Electrics 2zn.'

Bandskin Lights On

Telephones to.

Shanghal Gas Ju..

INDUSTRIALS Cald. Mac. (Ord.) 25,60m, Canton Ice 7n.... Cements 22D, 236. H.K. Ropes 16:20:

STORED, Etc. Dairy Farmi 83% Watson' 162 435, +44 %%μá: L. Crawford ́(Old), 25n.

(New) 21n. Sinceres üb.

Chlie Empurium On. Sub Ltd. 2.80, 3.10. Iwana Banks Màng 1997. Wing On (ILK) XD. 805 Wm. Powell. Ltd. 00:

MISCELLANEPUB China Entertainmenle 180. H.K. Construetious (Old) Bu.

(New) 9540, Vista Pig this.

Mersman Investments Dn. Marlin (FLR) Shanghal Loan Cit Yonglazes 3b.

COTTOND

LONDON STOCKS

Londen, June 24.. The gut-edged section of the Londyn stock market showed ir-

action in terminating further "re- parations removals from Japan.

Ina radio broadcast ex plained the American position on reparations to the Philippines," he said. He indicated he did not agree with Brigadier-Generat Carlos P. Romulo's statements to the Far East Commission pressing for continued Japanese" repara¬ tions.

Asked if the Philippine Gove ernment also considers Japanese reparations unimportant or If It agrees, with General Romulo, Mr. Cowen said: "I do not know how the Philippine. Government

·feels."!

Mr. Cowen reiterated his be lief that the Philippines have u great commercial future ahead of them. However, he added.

"It Is Imperativa the Philip) pines obtain foreign commercial Investments for peoromic de velopment as they are now operating under at defioll economy. They must restora the confidence of Investors."

War' Claims

New York, June 23. ** Four Amèricam" "shipping! companies have deölded "In futura" to by-pass'. Shangha because of the bombing For tho, British freighter Anchisek there the "New York Times" said today.

11

They arb the Američan President Lines,' the Unitha' Btatob Lines, Blatch Marine Lined and the A Waterman' Steamship Cof- poration.

The United Stateä Linea nha thở A. Waterman line are already divertiny atripe on their way to"."Shahghàl. the` newspaper/säld.

tebrandtson Steamship Com- pany večuals will continue to call there, however, Router()

Money Market

the most Heo Motors ony, 67 the abtly storks recently, grined 1/8 at 9-5/8 on word that the com- pany signed a $31,000,000, con- tract with the Army for 5,00 tracks and parts: The company said the trucks will be powered

a'new' petrol engine. American Hide" and Leather jumped 1-3/8 to a new high für the year at 4-3/8 after a dividend: of 50 cents was voted,

Dow Jones averages, Stockį 59.59; 20-Industrials: 108.77; 15 Roils 43.20; 10 Utities 34.29. Adams Express 17 Alaska Juncan American Can đỏ . American, Smelting: 4214 American Telephone 13874 American Tobacct 0796- American Watervorks 7 Anaconda Copper 20% Aviation Corp $3k. Baldwin Locomotive 81⁄4% Burnsdall 444 Bendik Aviation, 20 Bethlehem Steel 244 Boeing Aircraft 194 Borden Co. 39% Canadian Pácime: 1136^ J.I. Cate 32% Chyrsler 48 Colgate 354

Asked how this could be done,

There was a bit of a flurry th | Commercial Solvents 14% Mr. Cowen said: "One factor is the unsettled labour situation in the money market yesterday when Corn Products 5914: the Philippines." He did nor renewed rumours of an early | Eastman Kodak 410-7 mention any other factors.

devaluation of Sterling and that Eléctric Light & Power 2014 Asked if he feel the islands Hong Kong dollars would not be General Electric 34 Will restore this confidence with allowed to circulate in Canton General Motors 5474 in the

a buying Goodrich-$631, next two years. Mr. after July 5. set off Cowen said: "It is possible, but fover for K gold and US dollars Goodyear 36% I do not know if it is likely.”

Homestake Mining 39% US dollars, which had opened International Harvester 2435 Mr. Cowen said he favours In- creasing funds to the Philippines at HK$6.20, jumped 20 points to International Tel & Tel 8 Wor Damage Commission for $6.40, but later when these rum Johns Manville 34% payment of claims in accordance curs could not be confirmed, the Kennecott Copper 44

This provides 75 rate dropped back to $6.27.

with the law.

per cent damage, payments. Mr. TT at the peak, was put Cowan said that is equal to through at HK$0.34. The closing about 40 per cent based on pre- quotation was $6.26.

sent evaluations. He said he knows of no efforts of Philippines, business interests to obtain 100 per cent payment Associated Press...

BARTER PACT WORKING WELL

Buenos Aires, June 23. During the present year the barter arrangements between! Argentina ardh India have been very successful, and it is India's intention to seek a continuation of tratie plong these lines Mr. Voced

the Indian Ambassador,,

gar,

at a press conference here today.

Montgomery Ward 40%- National Distillers. 18 National Lead-30% : New York Central 10- Packard Motors 34

Pan American Airways 0% Pennsylvania RR 1435 Radio Corp. 10% Remington Rand 8% Republic Steel 18% Reynolds Tobacco 37 Scars Roebuck 304 at Shell On 33

S'erling was slightly easier at HK$17.0 and Australian pounds were down again to HK$14. ̧.

Riestres were put through at HK$12.50 a 100,

Ticals were quoted at HK$26,20 'ñ ̈100,' 'and N NED Guilders

HK$87 a' 100.

NOTICE

S.S. "Pakhoin i

Voyage' Hongkong to Shanghai from Hongkong 20th June 1949

Socony Vacuum 14

Southern Pacific 3514

Standard Branda, 18

Standard Out of Calif. 581⁄2 Standard Oil of N÷J, 64% Studebaker 17%2 Union Bag 31 Unton Carbide, 30%. US Rubber 35 US Steel 21% US. Lines 15

Owing to unforseen circum-Westinghouse 224

Apart from jule, which she has stances this vessel has beeh Youngstown Sheel & Tube 58 exchanged for (grains, India also unable to proceed to Shanghai Gen. Pub, Utilities 12%

offers cotton, textiles, cement, shellac and

product

steel

SHIP MOVEMENTS

r

-Associated Press.

MAERSK LINE

Notice To Consignoet

and will soon offer and has returned to Hongkong, and in the terms of the Car- Mr. Veseugar, who spoke after rier's Bill of Lading Contract Presenting his credentials

to of Carriage will thereby be Juan Peron, the Argen- considered as completed. Line President, said that he has been ussured by the President off

Shippers are hereby notified! Argentina's warm friendship for that their cargo will be dis-

The M/V "PÉTER MAERSK!" India-Reuter.

charged by lighter to the pre- having arrived from New York mises of Chinn Provident Loan and Ports of call; Consignees & Mortgage Co., Ltd. and of Cargo are hereby notifled Settle, June 24.

that their gooda are being Saringwir sollett for Bombay where it will remain on stor and expenses into the Hong. China Navigation Co♫ · Ltd. landed and placed at their risk San Francisco, Contest' arrived from Yokohama on Thursday. age at owners risk and ex- Kong & Kowloon Wharf & Go- General Dán Sultan saflċċ for perse and no insurance will be down Company's godown at Yokohama Wednesday-Associat- effected by carrier's agents. Kowloon, where delivery may cdPress.

Délivery will be granted be obtained as soon as the goods against payment of freight are landed. 'due and endorsement and sur- render of document of title or 'accéptable' guarantee.

regular changes on Thursday Notice To Consignees- Choico leeuten were numer. But

Inchustrials and Kaffles were easier.)

Oils were quiet;

The Financial Times' index sanki

to a new low for the year at 101.0

5.-Associated Press,

olf

Optional cargo will not be Janded here, unices notice, has bren given 48 hours prior to dis-vessel's arrival, but carried on from port to port to the finál port of call to which the option extends.

M.V. “DEUCALION”

The ship will absorb Damaged catgo ex this vessel chargitig' expenses, and those will he surveyed at Holt's shippers who so cleet may have Whar! between 10 am, and their cargo on-carried by the Rangoon, June 24! noun on June 27 and 28, 1949, Company's vessels at speciál The Burmese Parliament today and consignees are requested to rate of HK$20 per ton at such unanimously passed a bill permit-have their representatives pre-time as our services to Shang- ting limited foreign capital in sent during the survey.

hai are resumed. veshent to develop Burma'n n loral resources should Burmese

BUTTERFIELD & SWIRE,| nationals be themselves unable to

Agents, Clina Navigation provide the required amounts.-

Co., Ltd. Associated Press;

..!

BUTTERFIELD & SWIRE, Agents. Hong, Kong, June 25, 1949. į

Pacific Far East Live, Inc.

Fast Regular Trans-Pacific Service

OVERLAND 'NEW YORK-OUICAGO-DETEOTT-TORONTO, MONTREAL AND ALL AMERICAN ♣ CANATHAM Crrika,

DIRECT:

DAN FRANCISCO, Loś 'Afichtes":

· Axoltà

Matr

"OBRAT REPUBLIC" †

- "ABÅ BERPENT"

Bass Franelles

Ban Franelves

July

July

July

7

July

2nd July 49

"PHILIPPINE BEAR"

"AURPRISI

San Francisce

July **

July 20

Has Frastelere

Aug. *

(With Passenger Accommodation)

For Full Particulars Please Apply to the Above

↑ Wally' Haféigerated Accepta Bly Carro Tory” Beind.

Ban Francisco & LacʻAngsÍK"

Jan Francineu ā-Leg Angelis,

Ban Vradélvéä a' toi Angèles" Manila, la.

Haw Francieen & Las Ahueled.

For full particulkes coll General Agaritë, UNITED STATES" FINKg CO. Quém?” HEY” TOL" RIABI

No claims will be admitted- after the Goods have left the Godowns, and all goods retain- ing undelivered after the 1st July, 1940- will be subject to rent. '

All broken, chafed, and! damaged Goods are to be lett' in the Godókrik, where they will be oxamined on 30th June, 1949 at 10 am. by our · Sur- tveyors Messrs. Goddard && Douglas,

To comply with the General Bonded Warehouse Regulations

consignees must have a Re when darhaged dutlable goods

Venuo Omoer attendance

faro examined. -

us

All claims must. resch Before the 24th July, 1949, or they will not be recognized.

No Insurance will be effected.

JEBBEN & CO., Agents.

Hong Kong, June 24, 1940.

The Global Fleet

TO HONOLULU AND SAN FRANCIS

via JAPAN Vektačné crévéland”

resident Wilson

TO SAN FRANCISCO AND LOS ANGE

via JAPAN

“Prezident" Florèo" (Sah Frattotsko-Pirect):", "President McKinley"

TO NEW YORK, BALTIMORE & BOST

Via PANAMA

"President Johnson" (Dlébet ta Phoifle' Const)- President Harrison" (Direct; to Paulfie Coast) ROUND THE WORLD

VIA MANILA, SINGAPORE, COLOMBO, KARACHII,

FORT BAID, ALEXANDRIA NAPLES, MARSEILLES

GENOA, NEW YORK-and BUSTON .--

"Mount Davla" "Mount Mansfield"

TO NEJ. & SINGAPORE

Přestđènt Ellmort”.

Tyler."

Oppualle Slat Ferry.

Tel. 211

AMERICAN PIONEER LI

* to and from Atlantic Coast Ports the United States dnd Far Eastern Por

NEW FAST CARGO SHIPS

ARRIVALS FROM ATLÁNTIC

"PIONEER "SEA

July

"PIONEER COVE" "PIONEER TIDE

July 20 Aug.

SAILINGS TO MANILA.

July 1

"PIONEER' COVE"

July 2

ER TIDE"

Aug

"PIONEER

SAILINGS TO

NEW YORK, BOSTON, BALTIMORE PHILADELPIN

vla JAPAN & PANAMA CANAL

"PIONEER - LAKE",

"PIONEER, SEA"

"PIONEER COVE! "PIONEER TIDE"

Arrives July '14 Salls July 16

Aug Aug: 11.

w

Aug

Aug. 16

Aug. 2P

Aug. 23

J

For rates, special information call UNITED STATES LINES

Queen's Bldg.

COMPANY

Tel. 3125i

The shove fut indicator the principal, porta of losdise and dischargy as: pidevatly intendid, butgrót their "retation. For further inform sign" sea whedule at the Company's: Ofc.

BEN LINE

SHIF "BENLOMOND". "BENYRACKIE" DENLAWERS" BENBORAN BENREOCH" "BENVORLICH" "BENCLRUCH"

SHIP "BENLAWERS"). "BENVORLICH" "BENREOCH"

· "BENARTY"! "BENYRACKIE" "BENDOBAN". "BENULEUCH" "DENLOMOND"

ARRIVALS

FROM

́...U.K. vin Singapore

DUE In Port

n

-- op

do

SAILINGS

--TO- Landon, Angwerp, Rotterdam, Ham- burg & Hull.' Liverpool, GlnSFOW, Havre, Antwerp, Rot- terdam & Haibute.

Genoa, London, Ant- werp: Rotterdam,

} Hamburg, Hall & Leith

Early July. 29th June Abt. mid Jur 2nd half July, End July.

1st half Aug.'

LOAD Abt. 5th July. End July. 2nd half Augu Abt. 7th July.i 1st half July, 2nd half Auga Early Sept. Akt. 14th July,

vla Malaya, Colombo, Aden, Fori Sudan and other way pa

Accepts cargo for Keelurig.

Accepts cargo for Japan:

Calls at Genoa,

Omits Hamburg, calls at Leith.

For Further Particulars. Apply To

W.-R. LOXLEY & CO. (CHINA) LI

York Buliding.

Agents

Telephone: HI

KLAVENESS LINI

SAILINGS

Direct to Los Angeles, in 16 days Thence San Francisco, Vancouver, Seattle & Portlan M.S. "FRANCISVIBLE"

30th J

M.S. “CASTLEVİLLE”.

ARRIVALS FROM PACIFIC COAST

M.S. "BOUGAINVILLE”

424th J 22nd J

25th J

Sailing to Singapore, Fort Swettenham MS. "CASTLEVILLE”

Penang, Belawan & Batavia

Passenger Accommodatlón'

Chinese Freight Agents,-

HOO FOOK PING

THE

Balk Of Fanb

Apply

BANK LINE

(CHINA) LTD:

King's Building. Tel 17793. THE BANK LINE (Chisa),

+