1949-07-01 — Page 1

ROYAL

E INTEROCEAN E

THE CHINA MAIL, FRIDAY, JULY 1, 1849,

ELI, FINANCE AND | COMMERCE

LINES LONDON STOCK EXCHANGE

JAVAPORTS onů MACASSAR

***TJISADANE":

PJITJALENGKA”

T318ADAK"

"TASMAN"

"TJISADANE"

"TJITJALENGKA"

*TJITJALENGKA"

SAILINGS ARRIVALS

.10th July am.

21st July

...7th August

MANILA

* SAILINGS

Ast July

..12th July

21st July

7th July

21st July

ARRIVALS

4th July 9th July

20th July

SINGAPORE, PENANG and BELAWAN DELI

"VAN HEUTSż"

"VAN RIEMSDIJK"

"VAN HEUT8Z”

SAILINGS ARRIVALS

16th July

Gth July

isi August

16th August

23rd July

8th August

EAST & SOUTH AFRICA & SOUTH AMERICA

“TJIKAMPEK“ *

"RUXS"

"TJIBODAS" *

SAILINGS

ARRIVALS

18th July

10th Aug.

12th July

7th Sept.

18th Ave.

"STRAAT MALAKKA"......51 Oct.

Calling at Mombasa & L. Marours Direct. Transhipment cargu aceepled on through Ba/I, to Bur-En-Balaum and Zanzibar.

"RUYS.......

"TJIKAMPEK"

✶ no passenger accommodation.

JAPAN

SAILINGS

MAKES

Hong Kong Stock Exchange

BETTER SHOWING

London, June 29.

The London Stock Exchange, awaiting the outcome "of the important Marshall Aid talks by 19 nations in Paris, made a botter showing today. British industrial shares staged their best rally, for

some weeks. British Government securities started with fractional losses in the morning but converted them into fractional gains by the close.

South African goll shares ex- on the Extended yesterday's This short week

useful exch- clange calls for no special com- Vance, and by the close their in

dex was getting near this year's best levels.

11-1

#

remalus Busines small scale, which perhaps may

partially sezuschar, though quotations Jemain steady and In stane instances there is an under tone of strength.

IK, VT, LOANS

** Tam 1065 206,

2344 bono 0 Jin, at Lom 1948; 1001,

ПАНКА

H.KATS. Bank 1570b, 1430e, 1685/20»n dam, Reg. Ksafn. chineseyed Bank £5 tazón, Merrelle tank A. & 11. £23ƒn. Both of Fort Anh 115n,

INRUTANCKA

Cantone ». 15A=

1. Beck, &poun. Chton Blenderwriters stars, 1. Filom, 240n.

SHIPPING

M. 36ombeats lijn. Radio (ret.) Din,

er 20

ARRIVALS

Mt.K

18 July

7th August 15th July

Hamdi Bearer 10/730,

Agents: HOLLAND-EAST ASIA LINE

EUROPE via MANILA and MALAYA

"MEERKERK"

"AMSTELDIJK"

"RIJNKERK'

"MARIEKERK"

SAILINGS

ARRIVALS

.6th July

End July

2nd July

End Aug.

End Sept.

Early AuE. Early Sept.

Transhipment eargo accepted on through B/L to India. Mediterranean and Northern European ports.

"MEERKERK"

"AMSTELDIJK"

JAPAN

SAILINGS

ARRIVALS!

5th July

..3rd July

End July

KING'S BUILDING: TELS: 28015 to 28017 CHINESE ADENTS: 82. COMMAUGHT RD. C. TES: 31196-25133

DE LA RAMA LINES

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

m.v. "DONA ANICETA" m.v. "BENGAL"

In Port

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 SHIPPING OFFICE Tols. 2373820153

THE EAST ASIATIC CO. LTD.

OF COPENHAGEN

S.S. "BLANKVANN"

LOADING ABOUT 16th JULY for

ADEN, PORT SAID, ANTWERP, ROTTERDAM,

HAMBURG, OSLO, GOTHENBURG and COPENHAGEN,

1

M.S. "BINTANG"

LOADING ABOUT 18th JULY FOR

КОВЕ YOKOIYAMA

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

Tel. 34111 & B4112

CHINA MERCHANTS S.N. CO

15, Connaught Road, Wesk

Telephones: 31633-34030

DEPARTURES

Slugapore

6.S. "HAI HSIA”.

2nd July S.S. "TIEH CHIAO" Capton & Keelung 3rd July BRANCHES IN ALL DOMESTIC FORTS

FOR PASSAGE & FREIGHT PLEASE APPLY TO THE ABOVE

ca i

Under Watevimmin 360.

As Nar, 501,

DOCHS, WHARVES, GODOWNG, Etc.

H.K. K. Whayvee 123m.

North Paint Wherees Było, Gina.

Shanghai Hondow Whurves 12. 1.K. Brk 195,

Chlen Providente 12h.

Any hok Borkyurde 104. Wheelock 250,

MINING

Real Mines 4,300,

1.K. Mining $20.

LANES, HOTELS & BLDED, Hotels 11.

B.K, tak 580, Gönn. bannthal Lands an. Humphreys in, HK. Nenities 28. China Bochten 1955,

PUBLIC UTILITIES H.K. Tramways 11.20h, Peak Trom (434) 19m.

(New IGN.

Star Ferries 110n,

But in Industrials and gilt- edged the rally erused only a lite of the recent sharp fall.

Whilli well-informed London Bnaneta!

maintained quarters that Britain had no intention" uf devaluing Sterling in the fores

Randfontein. scable future,

of

ont

the

which

bo would treatest gainers from devalua

on, were again a poort Icature on the Stock Exchange.

Fnancial quarters regard the over intra-

European dispute European payments

in the second year of Marshall Aid a

fold

losses and

relatively small beside Britain's real crisin of

i rollar earnings. fall i

Financial quarters think that the European dispute will either be shelved or, more probably. end in a compromise. Either solution is more likely than breakdown, they belleve.

A Compromise

4

There quarters cae A pot- siblilty of compromise In the fact that, though Britain the principles fn. regards volved

important, as highly the amount of money at stake In not vary targa compared with Britain's other burdens.

com-

It is thought that the promise will take the form of

Belgium's getting some Marshali

Ald dollars which would other- wise have gone to Britain and other countries, but without any direct additional loss of British

dollars lo Belgium. Much

Shawcross Formula For Cricis

Stillwater, Oklahoma,

June 30.

Bir Hartley Shawcross, Bri tiah Attorney-General, 10ld Americans today that Europe's dollar shortage can be over - bome

En additional one per cent of the U.8. nationa? Income is

is spent on European

purchases.

the Oklahoma Addressing Agricultural College, he said that all European countries should try to

their Increase trade with the Americas.

"However," he added, "wo must at the same time zeek to integrate and co-ordinate the economica of our countries as that they will be developed as complementary to each other and not merely competitive." Associated Praza,

own

Economist As Greek Premier

Athens, June 29. M. Alexander Diomedes, Libe- al Depuy Prime Minister in the outgoing Greek Coalition Cabinet, agreed tenight to lead a new Coa- Iltion Government,

New York Stock Exchange

Ś

New York, June 90. The stock market climbed bark up again on Wednesday in ex-- tremely

Only qules trading. C00,000 shares were traued. The mumber of intues sold dwindled 10 850, the smallest i 10 months; 120 advanced, 197 declined: The

was hehe! by [1 Senate action, on labour legisla tion and the recovery of the fan- don Stock Exchange. Among the most heavily traded Issues: were Curtis Wright at 8% and Stres Paper at 0 cach ups, zot Benguet Consolidated Ritning un- Венки changed at

market

now.

IA

Jones averages: Stocks 20 Industrials 106.76, tails 42.45; 10 Vlities 34.22.

Ainska Juneau 2

American Can 89%

Smelting 42% American Telephone 139% American American Tobacco 084

Waterworks 7

America

Anaconda Copper 26 Aviation Corp. $

Balttwin Locomotive 9!4 Barnsdall 43

Bendix Aviation 281 Bethlehem Sie Bethlen Sicel 24%

Bocing Aircraft 18% Canadian Pacife 11 LE Case

3096

Chrysler 47 Colgate 35%

Commercial Solvents 13% Corn Produc

Products 59

Pon: 46

Du Pont

Kodak 40%

Electric Light & Power 20 General Electric 3414 General Motors 55%

40

Goodrich 501 Goodyear 37% Homestake Mining International Harvester 24% M. Diomedes Government will international Paper 45%

C. Wichts (Old) 13,301, 19.004,15,107,104, gold of will depend on the spirit follow the same policy as the Ca-{ tuonal Tel & Tal 7

*

(New) 0.462, 0in. Viza

11.N. Efretrien 324, 381/11m,

Mary Elctrien zan.

Sunetakurs Lights un.

Telephones 21h,

Shunpland Gun 20.

INDUSTRIALS

Cald. Mara. (Ord.) 25.6n, ' Cat Jew Zn.

Contents 236, 23/4, 25/23}va,

H.E. Roju im,

STORES, Elr,

Dairy Farms 3844, 3431, 32jna. Watsons 40jh, efna,

I.. Crawfurds (0ide 2ăn

(New) 980.

Kimera 10.

Chion Emporium Vn. Sun Co., Ltd. sik

Kwong Hae Ione 135.

Wing On (LIC) X.D. Rad. Woo, Pawell, 4,11. Djn.

MISCELLANEOUS

China Entertalaniente. Ilm. 11.K. Constructions (Old) 3.

[New] Yin,

Vibro Pilings 100.

Mariman Investments 97-n, Marten (H.) Zn.

Shankha? Lawn Za.

Yangtan Al

Este an.

COTTONS

RUMMER, Pie., COMPANIES

Aims Extates Ian.

Angh Ditel 30, Anghvedavau in.

⚫st Ans 40.

Bute Plantasitum 25. Chenure United „4ün. Clear Rubbers 201. Consfilated Rubber in, Dominica Robbren 18. Langkats In

Rents Rubbers 200. Stubber Trust 3:19. Hamnga Tubbern Ana, Semambu Rubbers 25. Shuhei Kedah 11. Ahouin-islays 12. Himeghal Sumatras „30m, Songel Daria 19ja.

Tanklı Merska „Gùn.

Tebong Hubber,400.

Zangle Rubbers In.

the

can be

M. Constantin Tsaldaris, Popy- list loader who was invited by King Phul to form a new Cabinet but failed in his negotiations with the Liberals, is being received by the King late tonight to lay down his mundate.

Montgomery Ward

Ward 49% National Distillers 18 National Lead 304 New York Central 9% Packard Motors 4% Pan American Airways 95% Pennsylvania RR 14% Radio Corp. 0% Remington Rand 0%

172

in which a compromise to work-inet of M. Themistocles Sophou-Johns Manville 8444 ed-identical machinery ran betis, the veteran Liberal Premier, Kennecott Copper 44%

restrictively or worked

expan who died in Friday, sively.

More importance is attached to precise proportion of Euro- pean grants that

mado transferable.

A country naturally wants to earn dollars from exports but when it

it han to give its exports away

it wants to restrict them. When exports are proportionally divided between the two types, The precise proportion becomes a very nice problem.-Reuter,

Rootes To Keep In U.S. Market

New York, June 30.

Sir Willian Rootės, Chairman

of the Hooles group of British] motor car makers, has issued a statement aying:

He was going to suggest that M.

Republic Steel Diomedes should be entrusted Reynolds Tobacco 30% with the formation of a new Go-Sears Roebuck 37

who is Shell On 33 vernment. M. Diomedes,

74, is an economist and a former Socony. Vacuum 14 riovernor of the Bank of Greece. Southern Pacific 24% Не was Finance Minister in a Standard Brands 18% previous Goverment. Last Standard Oll of Calif, 50% January he became Deputy Pre-Standard Oil of N.J. 8444 mier in the Sophoulis Coalition Studebaker 17 Cabinet Reuter.

CHICAGO GRAINS

Chicago June 30. Wheat proved to be the strong spot on Wellnesday on the Board

"We have not the alightest idea of Trude. Wheat closed unchang- of dropping out of the US mared to 14 higher. |ke."

"We are appointing more dealers ench week and are at present In

a position to service our cats en a widespread basis in the US." Sir William Rootes statement was made public in New York.

"The figures of cars exported to the US are somewhat deceptive because of the storks which Bri- tish motorear makers have ballt up abroad," It added.-Assariatoči Press.

July $1.00-3.

September $1.98-%.

December $2.00-%. March $1.97%.

Muy $1.04.

Corn lower to % higher. July $1.34%-%.

Opts unchanged to July :609%

lower.

"Soybeans 4 to 19% higher.

July $2.3415-34.

Associated Press.

No Clear Gain In

Money Market Pound Devaluation

US dollars went up to HKc0.55 yesterday and closed at $0.02. TT was booked at HK$6 49. Sterling made another 20-cent climb to HK$17,70,

Australian pounds were un- changed at HK$14.30.

Pinstrès were alationary

HK$12.27%-a 100.

Ticats "were unchanged.

BL

HK$25.30, and NEI Guilders were quoted at 1830 a 100.

STOCK EXCHANGE

BUSINESS

New York, June 30.

The Journal of Commerce said today: “Basic econo- mic factors currently do not indicato that devaluation of the pound would now, result in a clear not gain for Britain.”

!

The Journal, quoting students devaluation are based on assum of the British economic situation,ptions, the Journal sold-A- added, however; "Each successive rcciated Press, '

criats in aterling brings devalua-

tion ono step nearer."

The Journal said: “A highly-.

placed banker collect to the

Treasury to aid in briefitur Se- arctory Snyder of tho

SOVIET TRADE

As from July 4, the Committee for his European trip is firWITH PAKISTAN

of the Hong Kong Stock Ex not be devalued this change, Limited, will publish, on

the publle a line will be drawn include howled zone obser.Pakistuh exchangett "Iints of corn-

Union Bag 2214. Union Carbide 30% US Rubber 351 US Stool 21%

US Linca 13 Westinghouse 224

Youngstown Sheet & Tube 571⁄2 Cien. Pub. Utiles 124

-Associated Press.

U.S. Cotton For Spain

Madrid. Julie: 30. ;

A group of American cotton exporters iad grained Spain à $10,000,000 short-term loan for the purchase of 00,000 bales of cutton.

The loan has been granted to

-cotton a. Spanish

consortium, and not to an - officiul Spanishi Obvornmont organisation, 11. though, the Government appri red the agreement before ft. was signed on Tuesday. "The collon will be delivered 'ot the rate of 110,000 bales a month,Associat-

ed Press.

NY COTTON

New York, June 30.j Peralatent short covering

| July featured the cotton market and forced prices substantially higher. Futures closed unchanged to $1.40 higher..

RESIDENT

The Global Fleat

TO HONOLULU AND SAN FRANCISCO

via JAPAN.

"President Cleveland”

July 13

"President Wilson"

:

TO SAN FRANCISCO AND LOS ANGELES

via JAPAN President Pierce" (San Frasielseo Direct)................ "President McKinley.",

July 5

July 17.

TO NEW YORK, BALTIMORE & BOSTON via PANAMA

"President Jahnson" (Direct to Paelfle Coast)

'President Harrison" (Direct to Paullie Coast).

July 7 July 15

1.3

ROUND-THE WORLD

VIA MANILA, SINGAPORE, COLOMBO, KARACHI; BUER

PORT SAID, ALEXANDRIA; NAPLES, MARSEILLES,

GENOA, NEW YORK and BOSTON

"Mount Davi" "Mount Mansfield”

TO N.EL & SINGAPORE "President Fillmore".......... "President Tyler"

Opposite Star Ferry,

July 1

July 11

July 4 July 30

Tel. 28172/0.

BENT LINE

stir 1“BENVRACKIE"

BENLAWERS"

· *BENDORAN"

***BENREOCH"

"BENVORLICH" BENCLEUCH"

SHIP.

“RENLAWERS"

"BENVORLICH" "BENREOCH"

{"BENARTY"

"BENVRACKIE”

"BENDORAN” "BENCLEUCH"

· “BENLOMOND"

ARRIVALS

FROM

U.K. via Singapore

do

do-

de -

SAILINGS

TO

London, Antwerp, Rotterdam. Ham- burg & Bull.

*) Liverpool, Glasgow,

DUB

7th July. In Puri.

Abt. mit July. 2nd ball July. Knd July.

1st half. Aug.

LOADING

7th July. End July. 2nd half August

-Abt. 7th July,

Abt. 9th July.

Havre, Antwerp, Rot-2nd half August. terdam & Ilamburg, Early Sept.

↑ Genor. London, Ant- Abt. 14th July,

werp, Rotterdam,

Itamburg, Toll & Leith

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

Accepts cargo for Keelung.

Accepts cargo for Japan.

Calls at Genoa.

Omits Hamburg, calls at Leith.

For Further Particulars, Apply To--

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

York Bollding.

Telephone: 41GS,

BARBER WILHELMSEN LINE ·

M.V. TRITON"

Loading about 5th July 'for KOBE

For Freight and further particulars Apply to

DODWELL & CO., LTD.

Tel. 28021

THE HO HONG STEAMSHIP

CO., (1932) LTD.

5.S., "HONG SIANG”

For SINGAPORE PENANG & RANGOON Loading

Bih July

Balling

6th July

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

July

32.80-02.

October

*20.33.

December

20.23.

4BA. Bonham Strand W.

March

29.12.

May

20.03.

Middling Spot. 33,41 nominal,

880otaled Press.

ECA GRANTS

Washington, June 30 Tho Economic Co-operation Administration today. allotted US$4,437,000 convinced that the pound should

to the United Karachi, June 20.

Kingdom, including. US$127,000 A 12-mon Soviat, trade mition, to buy Philippines producte, tha? the reverse side of daily closing sure to devalue from the Econe- including nix ghly qualified

The Journal added

Western Germany was allotted quotations, builners

reportedle Co-operation Administration technicians, is expected here in during the day.

For the fuller Information of and several European countries, the first week of July to nakonte 39,630,000, almost Half of which trade agreement with Poklatan. was to purchase American tex Sweden, and Belgium,

Influence.

About a month ago Russia and tilen-Associated Press, Journal

ASIAN TRADE. · modities they are prepared. to ver, as saying: "Sterkog aren

offer. opinion may prove an

New Delhi June 201 Influential

Pakiston is willing to send zaw Morco ti

The Indian Government is jo That Ahe indeling of the searching for us, we him ilus to develop tratte interests in In Rugalah captial appoint a Consul General In Man- William A. Graliam arrives on Dominion Flance Ministers industry and essentisi, consumer Goverment d not in

Panciro, Junie 201

Bouth East Asia, Tuesday from Önska, Laura July 4, the whole question couiți goods. Maersk from Yokohama, Alget be thrashed out.

The Inlsalon 1 expreted to nounce the name of the conicth- faver united' on Tuesday

the

atay hidro twe er, shree waste plated Manlia-Azsociated Press, ́....

Not mai maine, pold put an likely to follow, Reuter

tider tile moming reported anics, Reporating these from the afterá j** nuon ales,

about,

SHIP MOVEMENTS Keng devalund of jute, collon, wool, Judge and ski

at

Tels. 26127 - 25640

KLAVENESS LINE

SAILINGS

Direct to Los Angeles, In 16 days Thence San Francisco, Vancouver, Scattle, & Portland MS. "CASTLEVILLE”

30th July

22nd July

21st Aug

ARRIVALS FROM PACIFIC COAST M.S. "BOUGAINVILLE” MS. "SUNNYVILLE”

Salling to Singapore, Port Swettenham Renang, Belawan & Batavia

MS. “BOUGAINVILLE”

Farnetizer. Aconmmodation Chinoso Eraight, Agents, i HOO FODK PÍNG..

23rd July - Qul Tanki Apply -,

THE BANK LINE (CHINA) LTD."

appointed. Associatedi" Wing '■ Bujling. Tol 27702 THE BANK LINE (China) Ith