1949-06-30 — Page 12

ROYAL

INTEROCEAN E

CHINA MA THURSDAY, JUNE 30, 1948

FINANCE AND COMMEROS

LINES LONDON STOCK EXCHANGE REGAINS SOME OF LOSSES

JAVAPORTS and MACASSAR

PTHSADANE"

#TJITJALENGKA”

*"TJIBADAK“

*TJISADANE"

"TASMAN"

T31TJALENGKA”

"PJITJALENGKA"

SAILINGS ARRIVALS

10th July a.m.

21st July

7th August

MANILA

SAILINGS

Tth July Blat July

ARRIVALS

4th July

20th July

Jst July

9th July

12th July

21st July

!

SINGAPORE, PENANG and BELAWAN DELI

**VAN HEUT:\S7"

"VAN RIEMSDIJK.

"VAN BEUTSZ"

SAILINGS

15th July

Ist August

„16th August

ARRIVALS

Gth July

23rd July

8th August

EAST & SOUTH AFRICA & SOUTH AMERICA

SAILINGS

ARRIVALS

*JIKAMPEK" ★

"RUYS"

18th July

10th Aug.

12th July

"THIBODAS" *

7th Sept.

"STRAAT MALAKKA"

5th Oct.

18th Aug.

Calling at Mombasa & L. Marques Direct. Transhipræent cargo accepted on through Bs/L fo

"RUYS

"ТИКАМРЕК"

Dar-Ex-Balanço and Zanzibar. *no passenger accommodation.

JAPAN

SAILINGS

ARRIVALS

18th July

7th August 15th July

Agents: HOLLAND—EAST ASIA LINE

EUROPE via MANILA and MALAYA

"MEERKERK"

"AMSTELDIJK"

"RIJNKERK”

"MARIEKERK”

SAILINGS ARRIVALS

6th July

End July

2nd July

End Aur.

Early Aug.

End Sept.

Early Sept.

Transhipment eargo accepted on through B#/L to India, Mediterranean and Northern European parts.

"MEERKERK"

“AMSTELDIJK”

JAPAN

SAILINGS

ARRIVALS

5th July End July

..Ard July

KING'S BUILDING. TELS: 28015 to 28017 CHINESE AGENTS: 82.CONNAUGHT RD. C. Tel: 31196-25133

DE LA RAMA LINES

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

1.y. "DONA'ANICETA"

....... 1st July

v. "BENGAL

10th July

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

m.v. "DONA NATT” (calls Japan).

16th July

THE DE LA RAMA STEAMSHIP CO., INC.

(Incorporated in the Philippines)

MARINA ROUSE Tels. 23670-22675

CHINESE SHIPPING OFFICE Tela, 23738--20153

THE EAST ASIATIC CO., LTD.

OF COPENHAGKA

S.S. “BLANKVANN”

LOADING ABOUT 16th JULY

for

"

ADEN, PORT SAID, ANTWERP, ROTTERDAM, HAMBURG, OSLO, GOTHENBURG AND COPENHAGEN. -

M.S. BINTANG”

LOADING ABOUT 18th JULY FOR

KOBE Z YOKOHAMA

THE EAST ASIATIC CO., LTD. Szuoon's Bldg., 2nd Acor,

Tel. 84111 & 34112.

“WEEKLY CHINA MAIL”

CONTAINING ALL THE LOCAL NEWS

OF THE WEEK FROM THE

"SUNDAY HERALD"

“CHINA MAIL"

Price 50 cents

ON SALE EVERY THURSDAY,

Hong Kong

A

Stock Exchange

shade

more

Activity

wns

observable yesterday morning with a few quotations inclining to harden,

H.K. GOVT, LOANS

40% Low 101m.

24945 Lown (1991 A 1910) 16in.

5 Jan (1949) 101n.

**BANKB J.K. 4 8. -Bank 1000s, 1633.

(Lon, m) £87. Chartered Bank £9 10/100, adercantile Bank A. & H. $235, Bank of Fast Asla 118n.

INDURANCEA

Canton Thu, 3etų, Adós, Biopa. Ernion n. 0408, %5C#, tudsz, Ching Underwriters 5.09. JL.K. Fire 104, 240,

SHIPPING

Douglasre 2320.

H.K. & M. Steamboata 17. into China (Prof.) 1934 m.

(Urf.) 200.

Abells (Beater) G07-15,

Union Waterbenta 100. Asin Nav. p.

BOCKS, WHARVER, GODOWNS. Fie. N.K. & K. Wharves 123n,

North Point Wharven Bisbe

Shanghai Hongkaw Wharves 180. H.K. Boke 181⁄2b. 105m. China Providents 324b. Thanghai Ikırkyands 10a, 1032am. Wheelocke 2:42.

MININO Hanb Mines 4.1in. H.E. Mines .09% n.

LANDH, BOTELS & NUDES.

I. S. Hotels 1166, 156, 11.00am.

H.. Landa Gib

Mbaughs) Landy 90.

Humphreys 11ým

H.K, Realties In.

Chime Fatales 105n.

PUBLIC UTILITIES

H.C. Tramways 176, 77.30s, 17ke. Beek Trump (Old) '30n.

Star

(New) Jun. "Ferries 110an.

C. Light. (Old) 155, 18.

(New) BR4b, 94, H.K. Electrice 336, 89cm,

Macao Electrics £2. Bandakan Lights Om. Telephones 21%), 32««. Shanghal Gun 30,

INDUSTRIALS

Vald, Marr. (Ord.) 25.000. Canton Jees 'TA,

Cements 22% b. 22 Yan. J.K. Ropes 10.200,

STORES, Ete.

Dairy Farme 35%), 32%/33/grm.

Watsons 44jh, 4516, 44jsa.

(N7) 250.

J., Crawforde (OK) 250.

Fingers Dk.

40

China Emporium tn. Sun Co. Ltd. 2.800.

awont Bark Yong.110.

+

Wing On (UK) X.D. 836, Idan. Wm. Roerli, Lid, 95,

#ISCELLANEOUS

China Entertainments 189, H.K. Constructions (Old) 'In.

(New) Sn. Vihre Pilings on. Maraman Investmește 9/-nhe Morsman (H.K.) 2n. Shanghil Loon `2n. Yangtztes St.

Ewos Vs.

COTTONS

RUBBER. Ele. COMPANIEL Alma Estaten 140. Anglo-Dutch Jn.

Anglo-Jarní 17.

Batu Anamu .jön.

ufe Flantations in.

Chemare Usliej 90n. Chena Rubbers 20n. Consolidated Julibera în, Dominion Habibers in, Langkais in,

Repah Bolders 300. Hubber Truste

Samagoga · Rablées #55. Semambu Rubbers .2611. Shanghai Kedaha in. Shanghai-Malaze 12n, Shanghai Sumaträd 130n. Hongel Dorla 100,

Tanah Meraha, „60a. Telong Rubbers. „ditu. Ziangbe Robbers in.

Money Market

Bargain Hunters Buying Cheap

London, Juno 29.

The London stock market regained some lost ground yesterday as bargain hunters, snapped up choice issues whose prices have been sharply cut by the market's wild slide. Heavy morning selling cut as much as £2 of £100 Then the bargain par Government stocks. hunters began to buy.

Most Government Issues finished the day 1/8, (24 O₫) to £1 above opening prices. But the recently issued British electricity stock, which paid for electricity Government holdings when she nationalisod them, slipped Ave shillings.

Moderate rises and falls were throughout about evenly mixed the industrial 1st.

Stocks of steel companies con- inued to sell of,

The drops carried political Implications,

Stocks of alt major steel com- panies are, in effect, guaranteed at a certain level by the Socialist gayernment, which has alrandy announced that when and if it fakes over the steel plants under ponding bill it will pay for them at stock market prices pre- valling late in 1947,

to

1

Election Belief

These issues have sold off one

two shillings below

the "guoranteed" prices.

Boat brphers Interpret thêm n bollar that. a quick election may be called by a government accking popular support for its

during economic policies Crials,

A

They also show a belief that

Dollar Earnings Of Colonies

London, June 20, Britain's Colonial Empire now has a fairly larga favouri able balance of trade with dollar counteles, Recording to the 1948-1949, report on, the colonial territories publioned today. today.

With their large dollar. earnings, the colonies have contributed substantially 10 lessening the defolt of the sterling arep with the Wes-. tern Hemisphere, the raport said.

It has been presented to Parliament by the Colonial Secretary, Mr. Arthur Cresch Jones Reuter,

Sir

Britain's Reply To Criticism

New York Stock Exchange

Now York, June 29. Stock prices took their worst beating in the two weeks. LISTS ranged up to two. The market hended downward from the start Utilities did better, than, „most. odiers. Television, radio, steel and rat! shares were among the hardest hit.

A total of 200,000, shares was | traded. The markot never had any large-scale selling to cope with, The decline presented a clear brent in the upward movement that has been under way, since on June 23, tell

to a 44 year Among

heavier losers

were Philco 294, Allied Chemical 167, United | Air Lines 11%. Benguet Con

solidated Mining wɔa unchanged at 2%. Of 070 issues traded 599 declined, 157 advanced.

Dow Jones averages: Stocks

Rolls 4245; 10 titing 34.13.

Adams Express 171⁄2 Alaska Junsa 3 American Cun 894 American Smelting 41% American Telephone 130% American Tobacco 68 American Waterworks 7%

Amconda Copper 26

བ

Aviation Comotive 93%

Baldwin

Barnsdall 43% Bendix Aviation 20% Bethlehem Steel 24

Bosing Aircraft 19% Borden Co. 40 Canadian Facing 11 J.J.

30%

the Conservatives would have a Chancellor of the Exchequer, said Crys RBL

good chance of winning the clec- tion.

Kodak 89%

5019

London, June 20. Stafford Cripps, British

today that Britain's

mercial Solvents 139% trade pact Calgote 8514 with Argentina is not fnconsistent Corn Products 5932

Commercial The Conservatives are pledged with either her sims or with her

Du Pont 45 to stop the pending steel nation= obligations,

Eastman alisation bill, Stopping it would In a statement evidently reply. naturally remove

criticism, the Electric Light & Power 25% the "guaran- ing to American tee" under stací stock prices.

General Chancellor of the Exchequer said

Electric 314 General Motors 554 Brewery and tobacco

the com- stocks that he is satisfied that

Goodrich yesterday's galners. prehensive agreement will streng- were among Even most motors showed

then both countries conomically. If the dollar shortage

He added: "The British Gov- worsens, most political

Im-the agreement is not inconsistent International Paper 4434 economic observers helleve ports of petrol and tobacco will either with our long tenn objec International Tel & Tel 7%

among the first to feel the tive of convertibility and multi-Jolins Manville 33

13 Coy.per lateral trade or with the obliga-Kennpeett Sir of

Stafford

tions we have assumed with re- Montgomery Ward 18% gard to third countries."-Router. National Distillers 16% Times index

National Lead 304 New York Central 10

be

economy axe Cripps.

The Financial 100.9, up .8,

Malayan Loon

373

Mining. 40.

anternment is also of the `opialon

that lijnvestor 24%

The price of the new Malayan: three per cent loan has steadily worsened since its introduction tu the London Block Exchange of May 12, A fractional discount was registered B soon as dealings atarted

ted and the price has slowly deteriorated to its present level of six per cent discount.

TO TAKE OVER

SALT INDUSTRY

Kingston, Jamaica, June 28. :

"

Packard Motors

Pan American Airways 854 Fransylvania RR 15%

Hadio Corp. 95% Remington Rand B Republic Steel 17 Reynolds Tobacco 36 Sears. Roebuck 37

The Colonial Development Cor-Shell Oil 33 noration, set up by the British Gocony Vacuum 143% Government in 1945 to provide Southern Pacing 34% Gancial assistance to Colonial Standard Bro он tion in Malaya coincided with Turks and Caicos Islands salt Standard Ol of N.J. 02. Oll of Calif.: 58 the introduction and encouraged industry.

Studebaker 17% small, relling.

The owners have agreed to sail Union Bag 21 Reveral well-informing quar. for £8,000 and local committees Union Carbide 30 ters regard this as unwarrant. have already begun surveys to US Rubber 35 ed They argue that all colonial assess the property, which will be US Steel 201 same position the first taken over in the West US Lines 14.3% Ipans are in the since, if anything goes wrong.

Westinghouse 224 Gevrenment will Modem sult manufacturing Youngstown Sheet & Tube 60% have to stand behind them all:ulprent wil be brout over Gez Pab, Utililles 12 Later, however, the price fell from Britain.-Reuter. gathered

Adverse comment on the posi-arena, is planning to take over the Storsand Grade 18%

the British

In sympathy momentum with the general break in gilt- edged,

For the future, Malayan and other colonial loans are expected to keep in line with the course

and gült-edged

long-term moncy rates as a whole. With the rest of the gilt-edged market **** US dollars continued to move today but the outlook for this they are looking rather harder upwards yesterday and ut the peak they touched HK$0.03. The

whole market is regarded as ob- clusing rate was a cent lower, scure, depending on the develop- ment of the economic crisis.- Associated Press and Reuter,

opened at HK$0.47 and closed at 86.49.

Sterling also climbed, and clos ed at HK$17.50 after opening" at $17.95.

Australian pounds opened at! HK$14.25 and closed at$11.30.

After a few marketloss daya Plastres were again put through yesterday from $12.20 to $12.45 100. $1225 was Abo closing rate.

Ticals were unchanged at HK8- 26.30 a 100,

NEI Guilders opened at HKS-

30.70 a 100 mud closed ut $30.30.

CHICAGO GRAINS

Indics.

NY COTTON

New York, June 29.

Cotton Armed after early weak- Futures closed 15 cents higher to five cents lower.

July 32.54.

October 20.33.

December 29.23. March 29.12 bid. May 20.01.

Middling Spot 33.16 nominal Associated Press.

Strike Settled But Still No Trains

Borlin, Jung 28.

The 39-day-old Western Berlin railway strike onded today and representatives of the Four Powers held their first meeting under the directive of the Paris Foreign Ministers conference.

But trains did not roll Imme-, that thếra lệ no. A wave of selling entried most diately because the Soviet-con- trains can not start, Infinediately. grain prices downward [af, the|troligi: „moanastrojet - spid" the Spanwhile, the four deputy close on Tuesday. Weather sykan kencke are mull damaged from Military Governors - of Carmany the controlling factor at shastrike.

Go Ban their Four-Power talks on anded la crising market. When] The Allied authorition

Chicago, June Ma

why

· gloned: 14 to 1% loweTbert 130AY ASKE‹MÔotsumantal the tuturo of Germany Ba ordere September 1.95-$1bn in dave been full-fale gigration Ministers meets in Paris

July" #1953-

December 41.99

Merch $1.90

at by the conferemont of the Z

will, bögin. ¿TH, Madyarhead) khuat sarace. the talks, bocuta railway has forumed opera- the Fritükis (Goyorsør, Genetal

Brian RobertsDIL-

EXCURSIONS

JAPAN

INCLUSIVE ILÀTÉ

$2,200

Only Valid Passport

WEEKLY SERVICE For Particulars & detalle

CHINA TRAVEL SERVICE

· THE BIGGEST A TRADING

TRAVEL AGENCY IN CHIN

The Global: Fleet

TO HONOLULU AND SAN FRANCISCO,

via JAPAN...

"President Cleveland" "Prootdent Wilson"

TO SAN FRANCISCO ÂND LOS ANGELES

via JAPAN AN- "President Fierce" (San Francisco Direct) .............. "President McKinlay"...

July-17

TO NEW YORK, BALTIMORE & BOSTON vi PANAMA

July. 2

July 12

"President Johnson" (Direct to Pacific Cosat)

'President Harelson” (Direct do Papilio Cones)

ROUND-THE WORLD

VIA MANILA, BINGAPORE, COLOMBO, KARAEDI SERS:

YOUT SAID, "ALEXANDRIA. NAPLES, MARSKILLES,

GENOA, NEW YORK and BOSTON

Mount Dayle "Mount Mansfield"

TO N.E.I. & SINGAPORE

-President Fillmore" "President Tyler"

Opposite Star Ferry.

July 30

Tel. 28172/A.

BEND LINE

SHIP *BENLOMOND" BENVRACKIE" BENDAV HEND BENREOCH" BENVORLICH" HENCLEUCH"

SHIP

“BENLAWERS": "BENVORLICH" "DENREOCH" "BENARTY" ""BENYRACKIE”

"BENDORAN" "BENCLEUCH"

""BENLOMOND"

ARRIVALS

FROM

...U.E. in Singapore

đo

do

do

do

SAILINGS

"

DUK

Int Port Early

1st Jul Abt. m

ly.

July.

2nd half July. End July

1st half Ang."

LOADING

6th July, Rod July, 2nd half AngTINĖ

ΤΟ London, Antwerp, Rotterdam, fam- burg & Hull

Liverpool, Glasgow, ist half Jaly.. Havre, Antwerp, Kot-2nd, half August, terdam & Hamburg. Early Sept.,

Abt. 7th July.

Gença, London, Ant- Abt. 14th July.

werp, Rotterdam,

Itambure, Ifail & Leith

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

* Accepte cargo for Keelung.

Accepta cargo for Japan.

& Calls at Genoa.

Omits Hamburg, calls at Leith."

Fur Further Particulars, Apply Tom

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

Zork Ballding

Telephone: 4168,

STATES MARINE LINES

FAR EAST SERVICE

FROM U.S.A. PORTS

S.S. J. L. LUCKENBACH"

GOURLIE

Union Bullding

Due 17th July

Agents

CO., (H.K:) LTD.

Telephone: 31341.

THE HO HONG STEAMSHIP

CO., (1932) LTD.

8.3. “HONG SIANG”:

For SINGAPORE PENANG & RANGOON.

Loading

5th July

* Sailing

gth July

Subject to Alteration Without. Notice Particulars Freight & Passage Picase Apply: THE HO HONG CO. (CHINA) LTD,

40A. Bonham Birand ́W.

Tola. 20127 & 25648

KLAVENESS LINE

A SAILINGS |__ Direct to Los Angeles, In 10 days Thefion San Francisco, Vancouver Seattle & Portland M.S. "CASTLEVIELE”

ARRIVALS FROM PACIFIC COAST.

M.S. "BOUGAINVILLE!

M.S. "SUNNYVILLE?

Sájling to Bingapore. Fort Swo

Penang, Belawan".

M.8” #BOUGAINVILLE,

*** 22nd July

21st Aur