1949-07-28 — Page 14

Page 14 *

ROYAL

INTEROCEAN

LINES

JAVAPORTS and MACASSAR

TJIBADAK"

TJISADANE"

"TJITJALENGKA"

"TJIDADAK"

"TJIBADAK"

STRAAT-MALAKRA"

"ROISSEVAIN"

SAILINGS ARRIVALS

3rd August

18th August

1st. Sept. .15th Sept.

MANILA

SAILINGS

3rd August

·Gih-Oet.

4th November

In port

4th August 18th August Int Sept.

ARRIVALS

4th Sept

SINGAPORE, PENANG and BELAWAN DELI

"VAN RIEMSDIJK”

"VAN HEUTSZ" §

"VAN RIEMSDIJK"

SAILINGS ARRIVALS

31st July

16th August

4th Sept.

Rth August 26th Aug,

$ Passengers accepted to Singapore only

EAST & SOUTH AFRICA & SOUTH AMERICA

PRIYS"

"TJIPONDOK“. *.

"STRAAT MALAKKATM

"BOISSEVAIN"

ARRIVALS

SAILINGS

10th Aug.

7th Sept.

4th Nov.

22nd Aug. 24th Sept.

„5th Oct.

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

"RUYS

“TĴIPONDOK“

Dar-Es-Salaam and Zanzibar.

o passenger accommodation.

"STRAAT MALAKKA”

JAPAN

SAILINGS

ARRIVALS

7th August

4th Sept.

24th August

3rd Oct.

Agents: HOLLAND-EAST ASIA LINE

EUROPE via MANILA and MALAYA

*RIJNKERK“

"MARIEKERK"

"MOLENKERK"

"RIJNKERK"

"MARIEKERK”

SAILINGS

End Aug. .End Rept. .End Oct.

JAPAN

SAILINGS

14th Aug.

Early Sept.

ARRIVALS

8th Aug.

-Farly Sept Early Oct.

ARRIVALS

End Aug. End Sept.

Transhipment cargo accepted on through Bs/l to India, Mediterranean and Northern European ports.

KING'S BUILDING: TELS: 28015 to 28017 Chinese Asents: 82, Connaught Rd. C. Ters: 31196-25133

De La

LA RAMA LINES

ARRIVING FROM U.S. ATLANTIC COAST AVIA LOS ANGELES & SAN FRANCISCO ILLY. “BENARES?

44

..................

Early Sept.

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

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

Mid Aug.

THE DE LA RAMA STEAMSHIP CO., INC.

(Incorporated in,the Philippies) |

MARINA HOUSE Tel. 23670-22675

Notice To Consignees

CONSIGNEES PER

STATES STEAMSHIP

COMPANY

5.5. "WYOMING"

CHINESE SHIPPING OFFICE Tola, 23738-20163

Notice To Consignees FROM UNITED KINGDOM PORTS & STRAITS Consignees per ship m.s. "SOMALJ"

are hereby notified that their cargo will be discharged Into the Hong Kong & Kowloon Wharf & Godown Co., Ltd., where it will lie at consignees risk and expense and subject to terms and conditions of storage of the Hong Kong & Kowloon Whart & Co., Ltd.

Godown

THE CHINA MAIL, THURSDAY, JULY 28, 1949.

FINANCE AND COMMERCE

STERLING SOLUTION | New York "SOME YEARS AHEAD"

Hong Kong Stock Exchange

of

Board showed The

signs more enquiries yesterday morn ng. but buyers were not in a too senmans mood,

IK GOVT. LOANU Lerum 101 [0.

4. kolo (2014 & 20, 100. am (WAN) 1000,

BANKB B... Dark 15208.

HTI. FS 2.) Chartered Bank 1 1/10. Meresale Bank A. & D. . Hank of Rant Anla 1250,

INHURANCES

Canter 3, m

Meden 1 noch, 61, Göbia. Ckten Underwriters 1,600, HK, Fire Ine, 215n,

SHIPPING

Das 2QUR.

H.K. & M. Beamboats 170, Indo Chians (Prof.) Bjn.

(Def.) 106,

Khetia #enzer) Kh/«»,

Wolch Waterbomla 300, At Nav. „ASb. Desa. NOCKS, WHARVER, GODOWNS, Etc. 1.K, K. Wharram 120,

North Pet Wharves #jn, Khang Bunaken Wharves 17a, I.K. 13

Chirs Providents (ju. Shanghat Dockyards Ba Whe-locks Z.

LANDS, HOTELA A1.DCA. .. Tutela 17,406, 1. I.K. and tijen.

Abbi Land 2.20b, 2.20. Humphreys 1ijn.

11. Bentley 25.

Chinees Estate X., 1614,

PUBLIC UTILITIER

1. Temway's 10.20, 101«a. Pink Tram (D34% 19.

*

(New) 100.

Bi Ferrien 108.

C. Lights 10ida 12h, 12/12.30, (New) Bik, Da, 8.5DAR.

,

H.K. Ellen 51, Bulku. Mac estries 20ja, Marinkas late th Telephones

Chonghel Gas In.

INDUSTRIALS

Cald. Mr. (Ord.) 26.600. Custom Tees Thi Creta 1. 22. H.K. H 18jn,

STORES, Elt Dairy Farma 45, 59A, ARJAN. Watsons 45je

24.

1. Crawfords 10

(New) 23 Hincera ..

China Emporium 16. 800 Co. Ltd. 3. Kwong Bang itong 12th, Wing On (LK.) 85n.

Wm. Puwel, Ltd, 9jn.

MISCELLANEOUS

China Esturisinments 280, H.K. Consuetiora (Old) s

(New) Zin. Vibro Pillu 19. Maman Invectinents Des Marciau 1.K.) . Shanghai Lean Yupiszes k.

Ewo ter

COTTONS

RUBBER, Etey COMPANIES Aina Falten in Anglo-Dutch 301, Anglo-Java 1,

Feb 01. Tite anteiions Zn. Chemor United .495. Chrug Rubbera n. Consolidated Rutben in. Dominion Hubbers in Amoghala SYD, Hepmb 'Rubbera „Son, Rubber Trusts 1.888. Samanes Rubbera „8514 Benamby Rubbers 28m. Shanghal Kesh in. Ahaztehai-Malaya 12n. Shanghai Sumatran .30. Sunset Durts 18jn. Tanah Merah .com. Telong Rubbern" 240n, Zangbe Hutten in,

London, July 26.

Mr. Glenvil Hall, Financial Secretary to the Traa- sury, indicated in the House of Commons to day that it is quite likely that the settlement of India's Sterling balances in Britain lies somo years ahead, perhaps five or ten.

Earlier, Mr. Leonard Gammons, Conservative, had asked what was the amount of the Sterling balance claimed as 'due to India at the end of the war, by how much it had been reduced at. the time of partition, and what the sums claim- ed by India and Pakistan are now.

in the Mr. Ball replied that Anuncial agreement of August 14. 1947, the Sterling assets of un- UvYded todlu were nut at £1,380,000,000, Be regretted that he could not bclose the size If the balances at other dates.

Such

evuid Information, n properly be given of the releaser from the Sterling balances would be made available when the cur- rent Opandul negotiations were completed.

Mr. Grummans: Will you deny that fairly large sums of Sterling have been in fact released with- cukhy corresponding Imports and that the case for the scaling clawn of these balances has been largely allowed to go by default? Mr. Hall: I do not think I can add to my answer. Negotințions are proceeding and an onnounce- ment will be made in due course.

Usual Practica

Mr. Oliver Stanley (Conserva- tive): Why must there be all this secrecy, about the Sterling balances? Surely we are entitled to know how much we have påld off aluce the Ogure mentioned by i the Financial Secretary.

Mr. Hall: This is the accepted

I have no doubt it goes. practice. back some years and the Govern ment of which you were a dis- tinguished member took this line.

Undercutting By Russia

Landon, July 26.

Office spoken- A Forelge man charged today that the Boviet Union is able to under. cut the world market prices because it uses forced labour. dally press Challenged at a conference by a correspon dent of the Communist "Daily Worker," the spokesman-

-sald la evidence that Rus there sia in some fleide is produc- ing cheap goçda xa a result of the

forcad employment of

labour.

The spokesman decilned to quality the charge on com. modities on which the So. viet in undercutting Western countries.

British delegatos to the United Nations Economic and Social Council at Geneva faat weak charged that Rus. sta is making extensive se of forced Preus,

labour.United

REVISION OF

RUBBER ORDER-

Washington, July 20: American tyre manufacturers may use more natural rubber im- ported from the British Common- wealth and other countries and American-made synthetu less

Mr. Stanley: Do you really bellove that before 1939 there were over my cases of balances similar to this? We might have had balances which were behind #f the currency

a particular country or Dominion, but nothing in the same class n this. Would it not be perfectly safe la give the country information which it ought to have as to what money rubber, the Commerce Depart»! has been paid off these balances spent announced today

Revision of an order determin- by unrequited exports?

Mr. Pichard Stokes (Labour):] ing what proportion of natural Will the Government consider and synthette settling this matter by sending the India Government a bill for the unrunt for saving them from the Japanese?

There was no reply.-Reuter,

HAWAL DOCK PARALYSIS

Honolulu, July 26. Huwail's Governor today asked bis Legislature for Goverment izure and operation of docks to bring an end to the progressive paralysis caused by 87 days of the CIO stevedore strike.

etle rubber a manufac-

·

turer uses will allow him to use less of the synthetic product he wishes, but will not compe:

aku to do so.

The Wall Street Journal zaid that the State Department be- iloves that larger natural rubber purchases by American consumers

nid the will

British bid for dollars.

It is estimated that, with the

rubber new order, natural

bi- ports may increase by "on" addi- tional 14,000 tons a year from the current annual Import rate of 300,000 tons-Reuter.

We must Insure Continued CHICAGO GRAINS

operation of shipping," Governor Ingram M. Stenback told a joint and House meeting of Senate which he summoned into special session. He called it the "jugular voin" of the Islands,

*We cannot do that unless the Government Uself takes over the stevedoring operations with its own employees, or is empowered

do so whenever necessity. arises"—Associated Press.

to

LONDON STOCKS

London, July (27. Renewed weakness in British gill-edged securities featured stock market with losses extend- ing 34 of a point in persistent sciling Industrial shares

were and casier. Oll

Kamira were a further drop in stendy to fim at the closu,

Money Market

The curgo is ex- Thore was

J

mare

"Chitcago, July 27 Grain futures alumped with whoat and

corn dipping than three cents a bushel al times affer Monday's upturn

Factors responsible

the quiciation included. Gaverunánt reports of heavy grain carryovers and rains in the corn and spring wheat regions.

for

$2.03 7/8

3/4,

Wheat closed 1-5/8 10 2-7/8 lower, Beptember December March May

$2.07 1/0 - 1/4. $2.05 3/4 7/8, $2.01 1/8 3/8, Corn 2-1/8 to 3-cents, September 31.28 3/4 - 7/8. Oats were 1-1/8 to 1-1/2 lower September 08 1/4.

Bye was off 4-1/2 to 5-1/4 cents Septemhof $1.51-374-81.52.

Soybans wore T^ 2-1/2 lower

are hereby notified that their cargo is being discharged into the Hongkong & Kowloon Wharf & Godown Co's Godown where it will be at Consignees pected to be ready for delivery US dollars yesterday as the mar The Financial Tunes' Index risk and subject to the Wharf's from the Godown on and after kot opened at HK3.15, bet there was 103.6, off 5. Associated November 227-52.20 3/4. terms and conditions of. stor- July 29, 1949. age, and where delivery may be obtained.

raio

from

!

at

at

Associated Press.

Israel May Re-Open Big Oil Refinery

was a recovery in 'the course of Press. Cargo in considered as being the day, and the closing accepted in good order and appreciated to 200

was put through condition by consignees, unless Damaged packages are to be broken, chafed and damaged HK$617 and 16224. left in the godowns for exami- packages are left in the Go-

Sterling · was " unchanged nution by consignets and Com- down for subsequent examina- HK$10.00. pany's Surveyors, Messrs. Car-tion by Messrs. Goddard & michael & Clarke at 10 a.m. Douglas in the presence of on the 30th July,

consignees, at 10 a.m. сл August 1 and 4, 1949. comply with General Bunted Warehouse Regulations Bonded Warehouse

To comply with the General Regula-

To

consignees must have a Retion, consignees must have a venue Office in attendance when damaged dutiable goods Revenue Officer in attendance when dullable gooda are examined.

are examined.

No claim will be admitted All damaged cargo claims after the goods have left the against the steamer must be steamer's godown, and all goods presented to the undersigned remaining undelivered after the on or before August 22, 1948, 31st July, 1949 will be subject or they will not be recognis

to rent,

2

ed.

Alt claims against the affected steamer, must be presented ta

will be

Australian pounds opened HK$13.50 and closed at $13.60.

Piastres closed at HK$19,70 a 100 after opening at $13.75.

Ticals were again Kunchanged at TTK$29.40 x 109/1

NEI Guilders dropped another 10 cents to HK$84.40 100.

NY COTTON

New York, July 27.

Catton fulfires were irregular

October No are insurance

December

ZLAT bid. March

29.34 14 May "No. claims will be admitted

July

28.78 nominal the undersigned on or before after the goods have been

October

20.73. the 8th August, 1949 or they taken delivery of ex ship's

Midgling Spot | 32.30

Acintod "Prem will not be recognised.g

side or alternatively ex the Hong Kong & Kowloon Wharf & Godown Co.'s premises

viously been effected..

No Fire Insurance, will be unless a joint survey has pre effected.

DODWELL & CO., LTD. Agenta

Hong Kong, July 185, 1840.

MACKINNON MACKENZIE

& CO., Agents.

P. & O. S.N. Co..

Hong Kong, July-28, 1949.

The influential

Halfe, July 26

government party newspaper "Hador" said today that Israel contemplates opening the Haifa pil refinerías if the British company - does not accede to the Israeli” de- mand to re-operate the works.

...

Stock Exchange

New York, July 27. The stock market on Tuesday circled around the highest price level yet reached in tis summer rally.

****Closing prices-vère-a-litle-un-- der top marks of the session, bul still up fractions to more than o point. Steels, rails, and motors were among the strongest groups. Turn-over was around 1,300,000 shares.

earnings Corporate

reports, Kome of them unexpectedly favourable. helpod to create demand. Risers included U.S. Steel, Bethlehem Steel, Chrysler, Goodrich. American Telephone, Anacondo Copper and Texas Oil. American Woollen declined on limited turn-over.

Dow Jones average: Stocks 02.73, 20 Industrials 170.37, 15 Ralls 43.88. 10 Utilities' 35.67.

Adams Express 18 Alaska Junenu 3 American Can 91 American Smelting 40 American Telephone 142% American Tobacco 60 American Waterworks 7% Anaconda Copper 284 Aviation Corp.. 5% Baldwin Locomotive 3 Burnedall 47 Bendix Aviation 31 Bethlehem Steel 20% Boning Aircraft 19 Borth Pacific 122

Co. 42%

J. I. Chic 37 Chrysler 51 Colgate-3735

Commercial Solvents 15% Corn Products 81% Du Pont 40

Eastman Kodak 411⁄2 General Electric 375 General Motors 61% Goodrich 60% 6014 Croodyear 40%

Heestake Mining 12

1

International Harvester 2544 International Paper 49 international

Tel & Tel 9 Johus Manville 38% Kennecott Copper 40% Montginery Ward 634 National Distillers 10 National Lead 32% New York Central 10% Packard Motors 3%

ན་

Pan American Airways 91⁄2 Pennsylvania RR 15 Radio Corp. (104

15 and 10

Steel, 194 Reynolds Tobacco 3871 Schenley 20% Seara Roebuc

she onl

10

Socony Vacuum 15

I

Southern Paciae 38

Standard Oil of Cailf. 613

Standard Brands 20

Standard Oil of N, J. 57%

Studebaker

23342

Union Bag 221;

Union Carbide 30%

US Rubber

US Steel

3306

US Lines 13

Westinghouse 21%

Youngstown Sheet & Tube 62%

Gen, Pub. Uilities 1347

-Alsoŝinted Press.

The Global Fleet

TO HONOLULU AND SAN FRANCISCO

"Froident. Wilson" "Preteral Gordon"

via JAPAN

Grr.

Art.......

July 31 Aux. 4

Salt Aug. Sall Auk.

SAN FRANCISCO AND LOS ANGELES

"President Taft"

Via JAPAN

ATF.......

July 29 Sail ...... July 30

•Prüldeni Madison" ..... Arr: ...... Aur. 10

Ball. Aug. 21

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

"President Fillmore" Arr.

"President: Tyler"

Aug. 11

Ball Aug. 10

Sal... Sept. 7 ........... Arr....... Sept. G ROUND-THE WORLD VIA MANILA, SINGAPORE, COLOMBO, KARACHI, BURR FORT SAID, ALEXANDRIA, NAPLES, MARSEILLER, ES

མ་ ASE GENOA, NEW YORK-IMA BOSTON

"President Monroe"

་་

Arr...uly 26 Sall

...... July 28

"President Buchanan” ... ATT. ...... Aug. 9 Sail ............. Aug. 11 TO SOERABAJь, BATAVIA &

SQENGEI-ĠERONG

"President Tyler" ...... "Prezident Grant”

Opposite Star Ferry.

A

Arr.

July 20 Sail ...... July 30 Arr........Aug. 20 Ball ...... Aug. 27

Tel. 28173/8.

BEN LINE

ARRIVALS

FROM

"BENVORLICH" U.H. via Singapore

WREKREOCN"

**BENCLEUCH"

"BENCRUACHAN”

D'RENALIANACHZ

**BENNEVIB

"BENMACPHUI”

0544

"BENVORLICH” "BENCRUACHAN"

BENBEOGH" “BENMACDHUT" "BENALBANACH”

"BENDORAN"

"BENCLEUCH"

"BENNEYIS"

DUR

28th July.

10th August,

18th August.

(Direct).

29th August.

UK. via SiNFEDOIG.

End August.

End August.

1st half Sept.

www dow

SAILINGS

London, Antwerp, -Rotterdam, Ham-

bury & Hall

Liverpool, Glasgow, Dubin, Jacko, Antwerp, Rotterdam de Hamburg. ...

LOADING

30th July. End August

1st half Bent. Mid Sept. 2nd half Sept.

2nd ha. August, Early Sept.

Early October,

ria Malaya, Colombo, Aden, Fort Sodas and other way ports.

Accepta cargo for Japan.

› Calls at Genoa.

Cita Hamburg, calls at Leith.

For Further Particulars, apply To-

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

York Building.

Agents

Telephone Hisă,

BUYING LESS KLAVENESS LINE

NO SOLUTION

New York, July 26. New Zealand's Finance Minis- ter, Walter Nash, who attended

British the

Commonwealth Tinance Ministers conferende, sold on arrival by ipline from London today: "The problem of the drain on Britain's "ösilki"" ré- serve is so groht that it cannot be solved by buying-less tan- the United States,

"This reduction may

be a

necessary immediate ale but the problem can be solved only by dur selling more to the Uoltijd States and at the same time“ Buy- ing more from the United States

"I am quite certain that the United States government did American businessmeil "must th- vest in Eurobožn” countries and in some of the 'under-develop countries, particularly int

die

America"

HE. Nah 1 leaving for Bản Francisco tonight en route to New Zealand-Ualled. Fressi

STEEL'S

U.S. INCOME DOWN

Tho

net

New York, July Incomed de

Corporation dept

on Tuesday in dull trading and

The paper's diplomatic corres-, In connection with the recent closed 10 cents a bale higher topondent states that the Govern-pressure shown by the Israel

cents lower,

mosit is well within ~iti Tegal Government" for the re-opering | tighis în requesting the condary of the Halfa- gil refineries,, 16 Ja 10 open the refineries withth in thought in all circles: here int certain time limit or else the the departure from Huila for Eng States Steel Co company will have to submit to land today, of the Erfish sentor

5 to $44,123,595)-ing: the the Government's opening it an official at Halfa's refineries,

Mommt, was so that he could rd quarter this year," the car špál: 1:18 stated

reported today.! The Arts that

In Hakirys (the metron, the attuation, rent

ter net was $49,028,870/%= Goverment Best In 2

Tel Aviy)

The directors erőéred a Last decision has been taken, but it is also learned that he will Ahok Cgvernment, hai naked, for ins mest on his yari falia's all iros derid of 50

othe ing British negi Qoury, manages

bike; now common cock parthie

bar: 10/10 that beli August

BAILINGS

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

Loading 29th July

ARRIVALS FROM PACIFIC COAST M.S. “SUNNYVILLE” M.S. "FRANCISVILLE”

21st Aug. 21st Sept.

Salling to Singapore, Port Swettenham Penzo", Belayan & Batayia MCA SEZN

“SUNNYVILLEA

Chimes Freight Agents, HOO FOOK PING

*#22nd Aug.

ApplyTMTMTMTM

THE BANK LINE WWE (CHINA) LTD.

TU FUR, THE BANK LINE (China) KAB.

THE EAST ASIATIC CO., LTD.

M.S.MONGOLIA"

LOADING ABOUT 18th AUGUST

ADEN, POET SAID, GENO BURE, OSLO, GO