1949-07-05 — Page 12

THE CHINA MAIL, TUESDAY, JULY 3, 1949.

ROYAL

INTEROCEANE

FINANCE AND

COMMERCE

LINES Hong Kong | Summer Lull Adds Heavy

JAVAPORTS and MACASSAR

**THISADANE"

"TJITJALENGKA”

***TSIRADAK"

JISADANE** ***JITJALENGKA“

**TJEFJALENGKA"

ARRIVALS SAILINGS

10th July a.m,

21st July 1.7th Augunt

MANILA

SAILINGS

12th July 21st July

7th July

21st July

ARRIVALS

9th July 20th July

SINGAPORE, PENANG and BELAWAN DELI

"VAN HEUTSZ"

"VAN RIEMSDIJK"

"VAN HEUTSZ"

SAILINGS

15th July

1st August

16th August

ARRIVALS

oth"Jay 23rd July

8th. August

EAST & SOUTH AFRICA & SOUTH AMERICÀ

SAILINGS

ARRIVALS

*731KAMPER" # "REYS"

18th July

10th Aug.

"TJIBODAS" *

7th Sept.

5th Oct.

12th July

18th Aug.

"STRAAT MALAKKA“

Calling at Mombasa & 2. Narques Direct Transbipment cargo accepted on through Bs/L to

"BUYS

PJIKANPEK

Dar-Ex-Salaam and Zanzibar.

no passenger accommodation.

JAPAN

SAILINGS

ARRIVALS

..18th July

7th August 15th July

Agents: HOLLAND-EAST ASIA LINE

"EUROPE via MANILA and MALAYA

SAILINGS

ARRIVALS

"MEERKERK"

6th July

"AMSTELDIJK"

End July

In port

"RUNKERK”

End Aug.

"MARIEKERK" ***

End Sept.

Early Aug Early Sept.

Transhipment cargo accepted on through Bs/L to fodia, Mediterranean and Northern European ports.

"MEERKERK”

"AMSTELDI IK"

JAPAN

SAILINGS

ARRIVALS

8th July

5th July End July

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

DE LA RAMA LINES

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

m.v. "BENGAL"

.v. "BENARES"

16th July

Early Sept.

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

m.v. "DONA NATI”.

(cally Japan) -

. "DONA ANICETA" (dails Japan), am

13th July Mid' Aug.

THE DE LA RAMA STEAMSHIP CO., INC.

(Incorporated in the Pihippinės); 21.

MARINA HOUSE

Tels. 23676--22075

CHINESE SHIPPING OFFICE Tela 23738-20153

THE EAST ASIATIC CO., LTD.

OF COPENHAGEN

S.S. "BLANKVANN"

LOADING ABOUT 14th JULY

for

ADEN, PORT SAID, ANTWERP, ROTTERDAM, À 219, UAMBURG, OSLO, GOTHENBURG AND COPENHAGEN.

THE EAST ASIATIC CO.,

Queen's Bldg., 2nd floor.

Tel. 94111 & 34112.

AZU NA SIRON

CHINA MERCHANTS S.N. CO.

15, Connaught Road, West.

S:S: "HAITAPARTURES

S.S. “CHIMEI”

31033-34030

Jaly

7th July

8th July

Redund

8.S. “TENG KENG" „Késlang, Hobe

& Yokohama AR

BRANCHES IN ALL DOMESTIC FORTE

·FOR:PASSAGE-O TREATÍTTLEANE ATTI TOʻTHË HEOVE

Stock Exchange

The Market has resumed in b steady mood. and quotations

signa show further strength.

Hand To Declining Economy In United State

New York, July 3.

of Intent A Summer lull added its heavy hand to the declin-

ing economy of the United States this week. School was out and graduates were in the job’mar- ket. Many plants were shutting down for annual vacation periods.

A.K, GOVT, LOANS

465 Loss 19jqn.

.

31st Lomi (JUTA & 1149) 101m. Be Lom (1uda) 1815.

ILANKA

1.K. & R. Bank Iband, th

(Lon, Reg.) ARTI, Chartered Hanh £9 10/16n.

Mercante Bank A. & 1. cało. Bank of East Asia 115

INSURANCES

Cantom Ins. 360. Unkm in 640h.

China Underwriters 4.6#n, H.. Fire Ine, 2155.

SHIPPING

Douglases 2824.

H.K. & M. Rteamboats 17in. Indo China (Pret.) 89)n,

Def.) 20.

Abella (Beaver) 60/310. Union Waterboats 800, Ania Nav..poh...

DOCKS. WHARVES, GODOWNA, Ele.

H.K. A K. Wharves 120,

North Point Wharves Gib, Glen. Sharehol Hongkow Wharves 180. B.K. Docks 2020.

Chink Providents 12.40.

Shanghai Dockyards 1«l«, Rixa, Wierlorka 28.

MINING

Raub Mines 4.300.

H.K. Mizes 101(1.

LANDS, HOTELI & ALDES

21. 8. Hutel 1145, 12%,

H.K, Lande bab.

Shanghai Lands Su

Humphrey Didn

B.K. Realtden 20.

Chiness Estaten 105.

PUBLIC UTILITIES

3. Tramwaya 17.10b. 17.40m. 17.20no. Peak Troms (bil) 196.

(New) 10n.

Bias Ferrice 1300.

C. Light (OW) 13.20k, 134, 13.30am. (New) 9.40h, e.

1.K. Electries 351b, 23jN. Macao Electrics 22n. Sandakan Lights Du.

Telephones 224, 32418. Shanghal Cine In.

INDUSTRIALS

Cald. Marg. (Ord.) 26.com. Canton Iem in. Cerpent 236, Zijan.

H.. Hopen 10.

.

STORKA Fle

Dzier Fariba 831b, 844a. Watsons abib, Abika, 5. Crowfurds (Old) 28.

(New) 23.

Alnceres "In, an Chlia Emporium Da. Bun Co., TAN, -SUI

Kwbag Bang Bang.155. Wing On (HLN) REB, Wm. Powell, Yad. 9jn,

MISCELLANEOUS

China Enteriotometlá 18n. 1.K. Construction 1018; 3a.

(New) 2in.

Vibro Pilings Tôn." Maraman Investmanta Bi-n. Minska (LE.) 25. Shanghal Loan (X.D.) 1.801. Yougther alb.

Kwns 7.500.

...*

COTTONA

rubber, Rice, COMPANIES

Alma Estates itu. Anglo-Dutch „30m, Anglo-Javas-201 Datu Aname „Fün." Iste Plantations 2. Chemare United .48%. Chear Rubbers 201. Consolidated Rubbers In. Dominion Rabbers in. Lanzketa In..

Repah Rubbers 30, Hubber Trusts Ba, 230m. Sammenen Rubbers $55. Bomambu Rubbers, Aka. Shanghai Kricha, in,

Franchal-Malays (215) Brinzhal Runam Tôn. Banget Durla 187m. Tanah Meraha 802. Tebong Stulbera n. Ziangbe Hubbers in.

hern

There was an increasing tense-1to. their bellets that the business neither Labour nor decline sull, would go..on, they manageinent showed any inclina continued to predics.there was no depression in the offing.

tion to give an Inch in their fres1-23 CU. DIY of New

negotiations.

These trends added up to a The

mild blow at a national economy York noted in its ponthly letter already weary from another rise that despite the continued, bust in unemployment, another drop ness decline, consumption already in production, another week of in exceeding production in declining retail sales.

number of lines. That even- Among the week's events, low-tually would mean an increase ver, that could, lead to better in demand in those products.

Congressional action

was

on the public housing bill.

Construction awards already were rolling along at a fair pace, The Administration's housing bill would filter additional millions of dollars into building.

Car production, which has been 2. star, performer on the good business side, of the ledger, fell from: mace- this week, but there were extenuating circumstances.

Cars rolled off the assembly at 20-YERE high of 153,000 units

work, last

week's

This

Additional dollars for building mean more business in the figure was 140,000 but it was tion's steel mills, metal Indus- heat walkouts in various plants tries, cement plants and lumber that caused the slump.. yards. It also will take up a lot of the unemployment slack.

of

79.0

Steel operations, dropped to per cent of capacity, elf for the 11th week and the lowest since The death

Bonester April, 1948. Business loans were credit controls st midnight down for the 23rd consecutive Thursday was of much tess Int week. portance. But many business

man balleve it will have, a good | five movements incomg hit a

year low due to the 1948 in-- psychological effect and there cure, tax cut and the economic were some

who hailayed re downturn..

maval of coupled with campaigns

the

vigorous would loosen

restrictions The New York Stock market sales hit a four week high, but it had con to labour mightily to reach it- sumer purse, strings consider | Associated Press. ably.

Used Car Trade

ear

that the used, Most felt trade would be the first of the farge markets, to gain. They said it was quite possible that used car dealers now might fe quire less than the usual, one- third duwa payinent to simulate falling soles.

While most...economists clung

Notice To Consignees

Consignees Per

Lead And Copper Sales Up

New, Yurk, July

Sales of lead and copper con- 'tinued to improve last week. Zinc remained in the doldrums. But prices of all non-ferrous metais held fümnelg

A New Wave

Of Mergers In America

New York, July 4. Increasing business ¡costa raise the prospect of a new wave of mergers and consolidations among American department stores and specialty shops.

Insistent consumer demand for lower prices is being met with competitive cost cutting that many retailers claim has reached practical limit.

or

A remaining major economy stop is consolidation of the more independent retailora or merger with one of the large de- partment store groups.

The immediate post-war years saw the peak of mergers with the initiative coming from large corporations who seized the on- portunity to use their profits to udvantage in expansion.

But today, the

quv is profit turning downward, and expansion are being cut to that size. There is a consequent full in merger plans.

programmes,

With tagging cales, however, Independent stores are expect. ed to seek opportunities to ipla forces with other independents to with chaine In order bolater thair position and in- sure against the effects of recession. I

or

Wider Contracts

M

In addition, many Independents currently

are seeking wider, buy- ing contracts, either co-operatively with other stores or through buy- operating on a ing syndicates nationwide scale.

Promoted.

Business carries considerable protection in retailing againat. ativerse economic forces. Lower prices or greater discounts can be obtained from manufacturers and distributors

un quantity orders Special deals, can be made to buy the e entire cutput of some factories Lead sales were the largest since at favourable prices.

is easles 8.3. "BENLAWERS"

Large scale financing the beginning of the year, Jube

cheaper. Better executive are hereby notified that their lead delivery, came to around 00, and

be obtained at high 000. tons--more than this monthly talent can cargo is being discharged into average last year,: Custians smel- calories. Heavier, advertising out the Hong Kong & Kowloon tas sold good sized tonnages for lays can be mude at a molier Wharf & Godown. Cols go- July delivery, at an average, price ratio to sales. Private brands can cowa, where it will be at Con- | basis rather than the fixed quota- | be signees' risk und subject to the top of 12 cents a powrid, New Wharf's terms and conditions! York of storage, and where delivery may be obtained.

Damaged packages are to be left in the Godowns for x amination by Consignees ind the Company's surveyors, Messrs. Carmichael Clarke, at 10 a.m. on 6th July, 1949,

* To comply with the General Bonded Warehouse Regulations Consignees, must have a Re- venue Officer in attendance when damaged dutiable goods are examined. L

No claims will be admitted after the goods have left the steamer's godowns, and all goods remaining undelivered after 7th July, 1940, will be subject to rent.

All claims against the steam-' er must be presented to the undersigned

before 21st July, 1949, or they wil not be recognised.

on

or

No. Fire Insurance effected.

Gross sales are ominated by the department store Proups. The copper buying exceeded daily National Retail Dry Goods Aáži, custom smelter intake of ore and clation reports 375 departman Rep. Scrap copper doing to stores and specialty shops At the smelters declined, sharply,

above one million, sales, class had dubt that much more redned cop-

Some trade, spurces, expressed sales last year of $4,121,000,000, Per could be both at 10 cents, in the above $100,000.00b, sales Largo mine operators have not class. The 10, groups, lad total participated in current copper sales or more than $2,687,000,000 sales. They are still duelingsociated Press.

章

Bites at 2% cents to 12 pound above the going smelter quobilión, 37.000 tims of repper were booked for, Jude shipment Deliverles approkuhated #0000 ! compared with 32,000 in danger

on Lack Of Domond

Included were 10 atole groups

Money Market

US dollars, opened yesterday at The lack of demand for tinc HC68.24, and after climbing to remit in, are high cost mines $828, closed at $6.25. strutting down 197

Tewas put through from The US, Senate last week com- | HK80.24 to $6.31. pleted Congressional action on a bill to contfone government-con-fana trol of in Imports 'and domestic allocation

Australian

pounds.. at

Sterling wax frm at HK$17.50.

through, next Jube. in genell: ht}K$1200 a

The Aluminium Asciation re- 100, and after going up to $13.15, posted hearty! 114,000,000 pounds closed at $13.05. of primary aluminijum was pro- Ticals weke unchanged at duced in May—a peacetime" HK$26.30 a 100.. record.

NEI Gullders closed at HK$35 100 after opening at $35.50.

South African gals producers reported three sugeath deals to will be kell, a total of $20,000 ounces of

W. R. LOXLEY

(CHINA); LTD., Agents.

Hong Kong, July 2, 1940...

P. & 0. S. N. CO.

R.M:S. "CANTON"'

Notice To Passengers.

CO

SAILS: Friday, 8th July at 3 pan for the United King- dom vla Straits, Colombo, Bombay, Aden and Port Sald.

BAGGAGE: ALL passingere, begitope must, be sent to the

Tune Kane, ở Kén hon. Wharf, Cova Godomen, at No. 3 Gatej Canton Road Entrance, Lý 4 p.m. on Thursday the 7th July

SPECIAL, KUTE; With the expuing of herud packsger vårried by þamengers: Chojničiven “AN, Baggage must pass through the Wharf Company's Godown for loading-on board by ship's slings, only.

EMBARKATION: Will take place between 2 p.m. and 4 pm.

on Friday the 8th Juljujuc

MACKINNON MACKEN

AGENTS (TEL: "777214E

pure gold abroad Mr $30.52 an

ounce. That is 38.62 higher than cent manganese, $172 to $175 the fixed price. The gold, will be

made into articles for export

Major nonferrous metals prices Included:

Copper, fareig, 10 cents, New York.

Lead, 12 centHAM Zinc, foreign, 8. "Cents." Alumínium plgs, 10 cents. Antimony bulk, 38.5 cents. Ferromanganese, 78 and 82 per

gross ton."

Platinom, $60 an ounce whole-

sale, $72 retall.

Sliver, 71.5 çents an ounce, New York, 49.3 perce London,

Tin, 81.03 a pound.

Quicksäver $80, to $82 n finsk of 76 pounds, New York.

Tungsten ore, Chinese $23 toʻ $23.80 a short ton unit.--Asio-|| ciated Press.

The Global Fiest

TO HONOLULU AND SAN FRANCISCO

via JAPAN..

"Prei deul. Claveland” L "Prodent 1ilson"

Art.

Arr.

July 10 Sail Sail July 31

sufy 13.

TO SAN FRANCISCO AND LOS ANGELES

vin JAPAN

"Prezident Pierce" "President McKinley"

Arr.

July & Sall Sall Ar... July 10

July

July 17

TO NEW YORK, BALTIMORE & BOSTON Via PACIFIC COAST & PANAMA

Freiläent Johnson"

'President Harrison"

Air.

Júty 7 Sall

July #

Are...... July, 11 Ball July 12

ROUND-THE WORLD

VIA MANILA, SINGAPORE, COLOMBO, KARACHI, SUEZ

PORT SAID, ALEXANDRIA: NAPLES, MARSEILLES,

GENOA, NEW YORK and BOSTON

"Mount Mansfield" "President Monros"

Air.' July 10 Sall Sail Arr...... July 20

July 11 ...... July 28

TO SOERABAJA, KATAVIA &

"President Tylex "President Grant"

SOENGEI-GERONG

Opposite Star Ferry.

Art.

Arr.

July 20 Sall

Aug. 26

Sail

July 30 Aug. 27

Tel. 28112/5.

BEND LINE

SHIP “DENLAWERS" #BENVRACKIE" **BENDORAN”. *DENREOCIT"

"BENVORLICH"

BENCLEUCHT". *"BENALBANACII”

"BENCRUACHAN"

y

SHIP

"DENLAWERS"

"BENVOKLICH"

DENREOCır" BENCRUACHIAN" ""BENALBANACH"

"DENARTY" "BENVRACKIE”

BENDORAN” BENCLEUCH"

"BENLOMOND"

ARRIVALS

+

FROM .....U.K. via Singapore

do

SAILINGS

TO

London, Antwerp, -Roiterdam, Ham-

burg & Hull.

Liverpool, Glasgow, Havre, Antwerp, Rot 》terdam & Hamburg.

Genoa, London, Ant- werp, Rotterdam.

} Hamburg, Hall & Leith

DÜZ

In Port.

8th July. Abi, mit Inly. 2nd half July. End July.

1st half August, 1st half August. Mid August,

LOADING

7th July. End July,

2nd half August. 2nd half August.

- do -

Abt. 10th July, Abt 11th July. 2nd half August. Early Sept.

Abt, 20th..July..

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

1 Accepts cárgo for Keelung.

Accepts cargo for Japan.

Calls at Genos.

1 Omits Hamburg, calls at Leith.

Calls at Dublin,

For Further, Particulars, Appig To-

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

Fork Ballding.

Agents

Telephone:

$4365.

BARBER WILHELMSEN LINE

M.V. "TRITON"

Loading about 7th July

for KOBE

For Freight and further particulars Apply to

DODWELL & CO., LTD;

Tol. 28021..

THE HO HONG STEAMSHIP

CO., (1932) LTD.

ss. RONG GIANG

For SINGAPORE PENANG & HANGOON

Loading

6th July

Sallion

6th July

Bubject to Alteration Without Notice

For Particulars Freight & Passage Please Apply:

“THE HO HỌNG CÓ. (CHINA). LTD.

BA Bonham Strand W.

Tola 20127 & 20040

THE PACIFIC ORIENT EXPRESS LINE KLAVENESS LINE

LÍVING FROM PACIFIC COAST,

M. V. "VESTEROY"

Loading about 8th July 1849 FOR JAPAN

For particulars please apply to:--

WALLEM & COMPANY

Mongkong & Shanghai Bank BuildIY,

SAILINGS

- Direct to Los Angeles, in 16 days Thente San Francisco, Vancouver, Seattle & Portland M.S. "CASTLEVILLE”

30th July

22ild July

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

21st Aug.

Salling to Stogupory, Port Swettenham Penang, Belawan & Batavia

M:S. BOUGAINVILLE?,

Fundra Accommodation Chiness Frulathes

HOO FOOK PING

TOK VERB. July

Bilk Of Tanks

(CHINAY LTD.

Sukdir.. AL 77702" THE BANKA LINE TCA