1949-06-29 — Page 18

THE CHINA MAIL, WEDNESDAY, JUNE 20, 1949.

ROYAL

INTEROCEAN

LINES

JAVAPORTS and MACASSAR

"TJISADANE”

"FJTJALENGKA”

"TSIHADAK"

TASMAN"

PTJISADANE"

SAILINGS ARRIVALS

......10th July a.m;

21st July

7th August

MANILA

SAILINGS

...1st July

7th July

21st July

ARRIVALS

4th July

9th July

SINGAPORE, PENANG and BELAWAN DELI

*VAN DEUTSZ"

"VAN RIEMSDIJK"

VAN HEUTSZ"

SAILINGS ARRIVALS

15th July 1st August .16th Augunt

*0th July

23rd July

8th August

EAST & SOUTH AFRICA & SOUTH AMERICA

SAILINGS

ARRIVALS

JIKAMPER" +

18th July

10th Aug.

19th July

TJIBODAS” *

7th Sept.

5th Oct.

17th Augast

"RUYS"

**

"STRAAT MALAKKA"

Calling at Mombasa & 1. Marques Direct. Transhipment cargo accepted on through Ba/L to

"RUYS

Dar-Es-Salaam and Zanzibar.

* no passenger accommodation;

JAPAN

SAILINGS

ARRIVALS

...18th July

7th August

Agents: HOLLAND—EAST: ASIA LINE

EUROPE via MANILA and MALAYA

-"MEERKERK"

"AMSTELDIJK"

TRIJNKERK"

*MARIEKERK"

SAILINGS ARRIVALS

6th July

End July

End Aug.

1st July Early Aug. Early Sept.

End. Sept.

Transhipment cargo accepted: on through Bs/I. to India, Alediterranean and Nortbera. European porta.

"MEERKERK“

"AMSTELDIJK"

JAPAN.

SAILINGS

ARRIVALS

3rd July

5th. July End July

KING'S BUILDING: TELS: 28015 TO 28017 CHINESE AGENTS: 82. COMNADONT RD, C. TELS: 31196-25133

DE LA RAMA, LINES

+

ARRIVING FROM. U.S. ATLANTIC COAST-

·VIA LOS ANGELES & SAN FRANCISCO

1.V. "DONA ANICETA"

av, "BENGAL

1st July

10th July

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

m.v. "DONA NATI" (calls Japan)

16th July

THE DE LA RAMA STEAMSHIP CO., INC.

(Incorporated in the Philippines)

MARINA HOUSE- Tels, 23670-22075

CHINESE BHIPPING OFFICE Tels. 23738-20153

THE EAST ASIATIC CO., LTD.

OF COPENDAGEN.

S.S. "BLANKVANN"

LOADING MID JULY.

for

ADEN, PORT SAID, ANTWERP, ROTTERDAM,\ KAMBERG, OSLO, GOTHENBUrg and copenHAGEN.

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

Tel. 34111 & 34112.

CHINA MERCHANTS S.N. CO.

Telophones: 31633-34030

DEFAKTURES -

-18, Connaught; Road, West-

S.S. "HAIFEI”

S.8. “HAIHSIA”.

Singapore, Port Swettenhäni 2 Penang

Singapore

30th June 3rd July

HRANCIES IN ALL, DOMESTIO PORS

FOR PASSAGE & FREIGHT PLEASE:

ABOZE.

FINANCE AND COMMERCE

CRIPPS, HARRIMAN CONFER ON CRISIS

Big Slump On The London Market

Hong Kong Stock Exchange

Conditions on the Market were! much the same as Monday.. Rates: wers steady and dealings only on a moderate scale.

ILK. GOVT, LOANS Lan 101

*16*2) Loon (1984-# 1010) 105m. 3 Loan (1945) In.

ΔΑΝΙΚΟ

H.K.. Bank 15#6b, 1420, 1505

(on. Ile) £92ıq, 489167 Chartered Bank £9 18/1@n. Mercantile Bank A. & 1. 425m. Bank of East Auto 110am,

INSURANCEя

Canton In. 40, 3CCK. Union Ina 535b.

Chips Underwriters 6.Gon. HK. Fire Ine. 240m.)

SHIPPING

Douglases 23211,

K. & H. Alegrubonte 1356 m Indo Chians, {Pref) 20

Def.) 2001.

Shells (Bearer) 16/90.

Union Waterbosts Jun.

Asia Nev. ..

DOCKH, WHARVES, GODOWNB, Kle

1.KK. Wlurves 123«;

Narth Peint Wharves CAD.

Shanghal Hooghew Wharves 180,

11.8. Pucka 18,765.

China Providenta 12h. Shanglial Dockfords 10 1⁄2), Wheelocks 28,

MINING

Rash Minen 1,50. B.K. Men et lan

LANDS, HOTELS ·A·DLDGE. 1. Motels, 11.40b, 13.48/3/19.

1. Lund 5%. Shanghai and 21.

Humphreys 11 m.

H. Retlen: 1995.

Chine Esgles 10.

PUBLIC UTILITIES HK Tramways 10.70k, 10.70/.80am, Peak Trams (Old) 190.

(Nose) 101.

Htar Perle (120,

C. Lig 10k) 18.00, 13.

(New) D.10-9.15/.2018.

II.K. Electricn 324, 130m Harno Blectric 22m. Banilakan Lights 90.

Tatrishanes 128.

Rhanghol Gas 3n..

INDUSTRIALS Cald. Mark. (Ord.) 25.00N, Cantin Jom In Cements.221, 224/%/Vm. H. Itopes 10.20m,

STOKES Etc. Dairy Farms 321⁄4b. $25%**. Watts 44, 45,

In Crawfords (obi) 260.

(New) Z

Hinerea th

China Emporium on. Sua Co.. Led, 2801. Kore Bank Host san.

Wls On (..) X.D. ROD. Wm. Powell, LU, DIB.

MISCELLANEOUS, China Entertainment 16. H.K. Constructions, (Old). In.

(New) 1%.

Vibro Pilings 150.

Arman Investments 98.. Matsman (HK) D

Shanghai Latan In. Yongistes Ib.

E 130.

COTTONE

RUNABE, EL, COMPANIES Alma: Estaten. 14n. Anglo-Dutch Jun. Anglo-Jaraq hav

Batu Anam0 401. Bute Mantaitons Zhu Chemere United,401, Cheng Rubbers 200. Consolidated flubbers 1, Dominion Rubbers In Langkala Iti.. Repah Nabbers: 800. Rubber Truate 3.10s, Era.

Serumbu Rubbers' 25. Shanghai Kedahi In, Bühl-Malays: 19m. Shanghai Bursatran '80%. Hangel Durla.100. Tanah Meraha 90n. Tebong Itübbeṛe .401. Ziangbe, Rubbers th

U.S. TREASURY

London, June - 28%, a

Averell Harriman, roving Economic Co-operation Administration Ambassador, held ́o surprise meeting, yesterday. with Sir. Stafford Crippa, Chancellor of the Exchequer, on Britain's growing dollar crisis,

Mr. Harriman.came to London in the morning from Paris and conferred with the U.S. Ambassador Mr. Lewis Douglas. He had not originally. planned to see Sir Stafford.

New York Stock Exchange

New York, 28. I Demand for stocks dwindled in late trading after an early rise! Closing prices showed an almost exact balance of losses and goinal mostly fractional. Transfers 070,000. The market paid little ot tention to the day's news except several directly affected usit stocks.

Jenguet Consolidated Mining, a Philippine gold producer, was the second most active stock iradent in its first day on the Exchanges It closed at 2-1/4 after selling at 2-3/8 at: timen

Among gainers were Magnavox) Dow Chemical, Union Paalie; Sinclair Oil, Twentietis. Century Fox, Loews.

Stumblers Included Philco

Aircraft,

•

American

Shortly after noon, Sir Stafford United States will meet opposi-Woolworth, Consolidated Edison

12tlmun invited Mr.

to the tlon at home as well as in Bri- United Treasury for a conference.

tain in any move for foreign cur Woollen.

devaluation. Associated The surprise invitation and its rency quick acceptance was linked to Press and Reuter, threats of an increasing financial Kqueeze.

The most Immediate problem

is finding a way to: Marshall Ald countries to trude freely with each other, fsing each other's currency Instead 01 Icanite heavily

on the dollar, A steering committee of eight" nations of the Organisation for European Economic Co-operation nicels in Paris Wednesday, of 18 na- The full OEEC group of ilons meet the next day,

01

The method by which Euro- pean countries with the ald or dollars traded among themselves for the past year expires at the end of the month.

10

Belgium with United States support is pushing u plan widen exchange of currencies and goods among the Marshall Aid countries, which Britain says will

of cost some

dwinling dollar her and-gold funds.

Britain, while dealuring that sher favours lifting trade litrriers, says she will do it only it it does not cost her more dollars or goll.

Market Slump

The London Blook Exchangei fell heavily yesterday on theị news of the growing national financial crisle. British govern- ment stock dropped 200,-

000,000.

There have been reports that woy same compromise is under between the US. Belgium ant British positions. There was na unmediate indication whether this was the subject of the Harri- man-Cripps talks.

Mr. Harriman accompanied by Mr. Douglas

glas stayed with Sir Staf- for, an hour.

ford 200.

Afterwards Mr. Harriman said he is hopeful of reaching agreement on a new free

WAVE OF SELLING IN LONDON

London, Juno 28. Heavy selling hit the Stock Exchange yostorday and knack- cd billions of pounds off the market value of British Govern, ment securitios. It was tho ninth straight day of price declinos,

Market sourcos said that anxiety ovar, tho falling off of British exports to the US; was responsible for the stock decline, Financial Times indax 100:1 low for the year.- Associated Press.

¿ new,

PI ECONOMIC RECOVERY

The

New York, June 27.7 United States National

Dow Jones averages: Stocks

2-50:05:

20 Industrials' 160.79

15 Rails 43.23

15

10 Utilitien 34.43

Closing quotations:

Aluska Juneau

American

American

Américan

3

4232

ephone 1391

American Tobacco 076

Arless Waterworks Th America American

Anaconda, Copper 20%

| Aviation Comotive

Baldwin

Barnadinli: 445 Bendik Aviation, 2816 Bethlehem Steel 24 Boeing Aircraft 102 Norden Co. 40... Canadian

Pacifle 11%

J.1. Case.31% Chrysler 46

Zolgoto 35% Commercial Solvents 13% Corn Products 59% Du Pont 45%

Eastman Kodak 10% Electric Light & Power 28 General Electric 34% Ceneral Motors 55%- Goodrich 564 Goodyear

37

Homcoloke Mining 3944 International Harvester 2494 International Paper 44% » - Internatio

International Tel & Tal a Johns Manville 34%

cott. Copper 42 Mary Ward 49

National Distillers 18 New York Central Packard Motors 34%

10%

Pan American Airways 0% Pennsylvania, RR 134 Radio Corp. 10 Radio Co

Ron Hand 0%

Reynolds

Steel 17. Tobacco

37 Sears Roabuck-37 Shell Oil 33% Socany Vacuum 14 Southern. Pacifle 35% Standard Brands 1812 an Trade Council, an influential un- Standard Oll of Calif. 58% trade official, body, today urged co Standard Olof N.J. 1736 and money exchange plan among operation between business com- Studebaker 17% European Recovery Plan coun-nuunities and the Governments inde

2246 w United States and the Philip- Union Carbide 30%

vigorous US Rubber, 35% Editor, pines in developing a Financial Sydney Gampell, writes that the programme for Philippine econo- US Steel 21% fall in British Government securi- mie recovery.

tries.

Reuter's

US Lines 15%

ties which amounts, to £2,000 In a statement approved by the Westinghouse 2234 million since the post-war peak Philippines-American Chamber of Youngstown Sheet & Tube 57% --Is: believed to mean that the Commerce here, the Council pro- Gen. Pub. Utilities 12% Government is abandoning its posed prompt action by: the two

Governments to remove the ob heap money policy"

www

While flatly opposing devalua-stacles to private investment and tion or any change in the ex- tmde, change the British authori

rates,

Money Market

1

Philippine exports and increas ties are conceding a major change ed investment of domestle and in the interest rates because foreign capital could then help to

Henry demand for US dollars needs for they have found that the cheap cover the Philippino

imports and economic development the price up to HK$0.52 money policy involves too big a

yodterday after it was down to ment, the Counell'said.Reuter. drain on the gold reserves.

$0.41. At the close it, cased off to Meanwhile it was announced

$6.45. that the Secretary of the United States Treasury, Mr. John. Snyder, will visit Europe'sDON,

TT

was put through · from HK$0.39 to $6.48... -

Sterling was higher

W

that

NO POLITICS IN TRADING

17.30

Tromsury officiμia deny Mr.. Snyder is going to discurs European currency devaluation, but American financial": circles). attach significance to his visit,

WIE

The Global Pleat

TO HONOLULU AND SAN FRANCISCO

via JAPAN

"President Cleveland”

EDATELJ BRODGE

"President. Wilson"

Jaby.,12

Aug

TO SAN FRANCISCO AND LOS ANGELES

via: JAPAN

"President Pierce" (San Francisco, Direst), ...... "President McKinley"

July 3 Joly,-17

TO NEW YORK, BALTIMORE & BOSTON via PANAMA

"President Johnson" (Direat to Pacifio Coast)' *President Harrison" (Direct to Pacifio Coast),

July. B

July 12

י.

ROUND-THE WORLDTM

VIA MANILA, SINGAPORE,: COLOMBO, KARACHI, HUBBY:

FORT SAID, ALEXANDRIA, NAPLES, MARSEILLES, E

GENOA, NEW. YORK and BOSTON

"Mount Davis" "Mount Mansfield"

TO N.EL & SINGAPORE'

"President Fillmore" "President Tyler"

Opposite Star Ferry.

July

July 11

July.

July,

Tel. 2819A/K

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 SEA”. "PIONEER COVE" "PIONEER TIDE"

July 17 July.26

.......

Ang 44

SAILINGS TO MANILA '-

"PIONEER SEA". "PIONEER COVE" "PIONEER TIDE"

Juty 18

July. 28.

ABR. 5

SAILINGS TO

NEW YORK, BOSTON. BALTIMORE PHILADELPHIA .

via JAPAN & PANAMA CANAL

"PIONEER LAKE” Arrives July 9 Balls July 19

"PIONEER SEA"

"PIONEER COVE"

"FIONEER TIDE".

Aul. 4

P

Aug 14

Aug. Ang: 10.

- Aug. 21

Atig. 23.

- For rates, special Information call.

UNITED STATES LINES

Queen's Bldg.

COMPANY

THE 31251

The shave list indicates the principal paría of leading and discharge na presently. Intended, but not thele rotatists For Jurther, lafermar: tien set schedule at the U umpany's Ollen.

BEN LINE

SHIF

**BENLOMOND" "BENVRACKIE" BENLAWERS"

"BENDORAN "BENREOCH"

"BENVORLICH"

*"BENCLEUCH"

SHIP

1

"BENLAWERS""

at HK$ and so wero Asstralian pounds at. HK$14.20.

Piastres went through another markotless day, Therato HK$12.10 a 100 nominal

Ticals went up to 11H$20,30 a 100; after opening at $35

NEI Guilders word stationary st HK$36.60, x:100,"i

London, June:27. The British Governmont will Tentative arrangements have not suspend trade negotiations on

The Under-i been made for hbt to leave next political grounds, Friday and return on July 18,

Secretary of State for Foreign, The weller of rumours

of a Affaire, Mr. Christopher Mayhew. posible devaluation of sterling told the House of Commons today. Sir Patriei Hannon, Conserva- has begun to have an

unfEVIKIR-

CHICAGO GRAINS ables rodeton In some American tive, had urged this course on tie ***] Government because of the res¬ business cirolts, Devaluation,

Chicago, June, 20. ! Wheat fall off in late trading Czechoslovakia, jo conslitered to be the most. eb-trictions on religious freedom in vloun, polution to the problem of

• Mr. Mayhew added: "We have after early strength, but comind- Biisin's dwindling exports to the made our detestation of perccu-vanced. Wheat close 5/8 Jower to dollar ates, would carry with it on everywhere well known, but 1/4 higher,

lireat of serious competition to we cannot only trade with those July $1.005-31.00 édine American thäustries.

Washington, June 20, Treasury position on June' 23] Dum compared with corresponding dats

dyear ago..

Tout Debt $281,318,140,070,98 and $251,677,000,739.45.

Gold). Autele): 3242492,782,278.25 and $23,522,772,120 12-Associat- ed Press.

countries whose pollica we ap- September. $1,07%-5%

11 seams, therefore, that the prove ol"—Reuter.

Pacifle For East Line Juve

·DIREOT

Fast Regular: „Trans-Pacific Service

BAN:FRANCITO9) #GA "AKUREJES

PUREAT REPUBLIC". "SEA --HERPENTHE WHAN EVICTORY"

OVERLAND NEW | TONK/CHICAGO-DETACIÓ MONTREALSTAND ALÉ AMERICAN & DANA

Gin!

San Francisca d'Lei

December $2.00%-%

Corn %--% higher

Jily $1.3354-9474

Oats lower to higher

July 89%.

siye 1⁄2 higher,

[July $1.395)

Soybeans lower to higher

July $2.334-

—Associated Presk,

NYA COTTON

Á ANEMIYotksi Jiahaf 20. ( "Cotton", "Euítures were easy, “If... by liquidation nearly viich may only down.scala Slotes 10 centa to $1.80.

* March, 1294bfd,

"BENVORLICIT”.

BENREOCH" "BENARTY"

BENVRACKIE“ "BENDORAN" "DENCLEUCH" "BENLOMOND"

TO ASD

FROM TUS

ARRIVALS

FROM ...U.K. via Singapore

do

SAILINGS

TO London, Antwerp, Rotterdam, Däm“. burg & Hall

1 Elverpool, Glasgow).

Havre, Antwerp, Bot-

DUS

In Port Early July. 1st July

Abt, mid-July. 2nd-half▸ July. End July, Ist hall Aug.

LOADING

'6th July, Kad «July

2nd Naik AngIRS, 4

Abt. 7th July,

Ist half July,

2nd half August.

'terdam & Hamburgs Early Sept

Genda, London, Ant- Äbt. 14th July,--

werp; Rotterdam,

Hamburg, Hull & Leith

--༧,T"*b

via Malaya, Colombo, Aden, Port Sudan and other way ports.

4. Accepts cargo for Keelang,

Accepts cargo for Japan.

Calls at Genoa.

Omita Hamburg, calls at Lelth.

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

.....

York Building.

Agents

Telephone: BEIUK,

KLAVENESS LINE

SAILINGS

Direct to Los Angelès, In 16 days Thonce San Francisco, Vancouver, Seattle & Portland

M.S. “FRANCISVILLE”

Now Loading : Sailing 4 p.m. 29th June

Chinese Freight Agents,

•HOD:FOOK PINU.