1949-10-04 — Page 17

ROYAL

INTEROCEAN

LINES

JAVA PORTS and MACASSAR

"TJIBADAK"

"TJITJALENKA”

SAILINGS

15th Oct 29th Oct.

"STRAAT MALAKKA”

"BOISSEVAIN”

MANILA

SAILINGS

.7th Oct.

"STRAAT SOENDA”

“TEGELBERG”

ARRIVALS

13th Oct.

27th Oct.

ARRIVALS

8th Nov.

30th Nov.

.28th Dec.

18th Oct. 18th Nov. '

זי

SAILINGS

ARRIVALS

2nd Nov,

13th-Oct. 27th Oct.

SINGAPORE, PENANG and BELAWAN DELI

KEYSVERKSMAN TALVÁN HEJTSZETJAKKOMEN;19th Oct.

EAST & SOUTH AFRICA & SOUTH AMERICA

“VAN RIEMSDIJK”

"STRAAT MALAKKA"

"BOISSEVAIN”

"STRAAT SOENDA"

"TEGELBERG"

ARRIVALS

THE CHINA MAIL, TUESDAY, OCTOBER 4, 1949.

FINANCE AND

Hong Kong Stock Exchange

A quiet opening, not showing any definite trend.

H.K. GOYT, LOANS

*** Loan 100a.

Jięte Loan (1934 ★ 1948) 1608. Plate Loan (1948) 100).

BANES

H.K. & S. Bank 150, 1885, (Lon. Reg.)

Chartered Bank £108. Mercantile Bank A & R Lin Bank of East Asin 1008) 1994.

CAREERS TO DRAGYURANTES Canton "Ins. 370.

Poker lex, ad26, 6726, 66312, China Underwritem šlia H.K. Fre Ine. in.

SHIPPING

Douglas 1802.

H., & M. Stewmbosta 118, Jack Chizas (Pro) 19

SAILINGS

7th Oct.

8th Nov. 30th Nov. 28th Dec.

18th Oct

Shells

Unen Waterbata o

18th Nov.

Aria Nay, Jon.

Calling at Mombasa & L. Marques direct. Transhipment cargo accepted on through B's/L"to

Dar-Es-Salaam and Zanzibar.

JAPAN

SAILINGS

ARRIVALS

"STRAAT MALAKKA”

"BOISSEVAIN"

6th Oct. 11th Oct.

"STRAAT SOENDA"

20th Oct.

31st Oct.

"TEGELBERG"

20th Nov.

2nd 'Dec.

Agents: HOLLAND-EAST ASIA LINĖ

EUROPE via MANILA and MALAYA

"MARIEKERK"*

"MOLENKERK”

SAILINGS

8th Oct.

14th Nov.

not calling Manila after Hongkong.

ARRIVALS

20th Oct.

Transhipment cargo accepted on through B's/L to India, Mediterranean and Northern European ports.

"MARIEKERK"

"MOLENKERK"

JAPAN

SAILINGS

ARRIVALS

25th Oct.

6th Oct. 13th Nov.

KING'S BUILDING: TELS: 28015 TO 28017 CHINEST AGENTS: 82.Commaught Ro. C. Teus: 31196-25133

DE LA

RAMA LINES

ARRIVING FROM US. ATLANTIC COAST

... VIA LOS ANGELES & SAN FRANCISCO

ss. "DONA AURORA”

IV. "DONA NATI"

..18th Oct. .Early Nov.

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

S.5. "DONA AURORA"

..(Calis Japan)

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

.Early Noy. .Late Nov.

THE DE LA RAMA STEAMSHIP CO., INC.

(Incorporated in the Philippines)

MARINA HOUSE

Tels. 2367622675

Notice To Consignees Consignees Per STATES STEAMSHIP COMPANY

CHINESE SHIPPING OFFICA Tela 23738-20153

Notice To Consignees

5. "VINGNES”

Having arrived Hong Kong consignees of cargo are hereby notified that all goods have been landed and placed at their risk

Def.) 2005.

|Beart) 20.

COMMERCE

U.S. BUSINESS MOVES

TO A SLOWER PACE

1

New York, October 2. Business and industry in the U.S. shifted to a slower pace late this week as a result of the worst labour snart since 1946.

With steel mills idle and little cool finding its way to the surface there, was nothing to do but revise working schedules and adjust all plan- ning to the conditions dictated by two major strikes and a host of lesser labour disputes brewing over the industrial scene.

No one knew for sure how many people were detached from pay rolls as a result of labour trouble, but the number certainly ex- ceeded 1,000.00 and promised to grow rapidly unless a sudden break occurred.

Production

Of Tin Declines

spot in the ZeeThe Hague, October 2.

picture

of tin

and

AMERICAN. PRESIDENT LINES

The Global Fiest

TO HONOLULU & SAN FRANCISCO

"President Cleveland" "President Wilson" "General Gordon"

via JAPAN

Arr. Oct. 15 ..Arr. Nov. 2 Arr. Nov. 4

Sails Oct. 16 Sails Nov. 2 Salls Nov.

TO SAN FRANCISCO & LOS ANGELES

via JAPAN

"President Madison" "President Pierce"

Arr. Oct 26 .Arr. Nov. V

Sails Oct. 30

Sails Nov. 9

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

"President Grant" "Marine Soapper"

in

in

Industrial expansion and¦ World production modernisation programmes have concentrates declined sharply to provided important props.

12,900 long tohs in July. after the post-war recard of 15,800 Jime, it was announced today in the "Statistical Balletin" of the International Tin Study Group.

Other favourable factors in the national economy at the moment include a high rate of industrial Impartial observers agreed that production where no labour diff- steel and coal are so dependent on culty is involved, week to week

This was due in the first place. each other that neither could

in Bolivian gains in employment in industries to a drop

exports survive without the other very that are trouble fire on the law from 4,001 in June to 2.348 tons "DOŁKS, WHARYES, GODOWNS, EIE †long, and that the ST23-bour score, little evidence thus fell to 4,593 tons from 4,802 tons In July: Malayan ~~~ production dustrial nation on earth might far worldwide currency de find itself back in a horse and valuation is going to make apynesia, at 2,320 tons, remained at

in the previous month. buggy, era soon if a solution could thing more than a small dent in exactly the same level and the not be found to the social security the demand for American goods. problems that brought on the strike in the first place.

HK. & 5, Wharves 1954,

North Point Whorter 3.2/2.

Shanghai Hengkew Wharves 145. H.K. Docks lib.

China Providents 111Gb. 1.

Shanghai Dorkyards Wberincke 2010,

MINING

Rask Mines Bujón. H.K. Mit fl

og ma

LANDS, KÖTELS & ELDGS. H. & S. Hours zub.

HS. Landa tub, $^«. Shanchai Landa 1.70h, 1.500. Humphrys by the

H.K, Realties 1.706,

Chinese Estates 1611

PUBLIC UTILITIES X.K. TrArways 15b, 2* Peak Tram. Did, I'm.

(New) IV.

Star Ferries.

C. Light rold, 11.204, 11.66ấy

(New) szub, kiya H.K. Elries 253, 29. Macao Entries Sandies Light, w Telephones 19

INDUSTRIALS

Crid, Mac. (02) 25,6lia. Cantor 1 Th

Comenta 1920

HK, Rope 1946, 11am.

STORES. Etc.

Dairy Farma AS, HT/MILA Batween 4ID, (12». 1. Crawford 16. Sincer 4.500,

China Emporium .

Sun Co, Lid. 27rð,

VND Salt Hong 2020. Wing On H. K. a. Wm, Powell, Lid, Stan.

MISCELLANEOUS

China Entertainments Dix. H.K. Constructions (Old) 26.

(New). Za

Vibro Filings Jan. Mammao Investments 9/-5. Marsman H.K.; 25. Shanghai Lan 1. Yates X.D. 2.7.

COTTONS

Exos S.20b.

RUBBERS, EL, COMPANIES Ama Estatum in, Anglo-Dutch .. Anglo-Juvas 17. Pate Anxos in. Bute Plantations 20. Chemture Laited - „430. Chene Rubber Zin. Conandidated Rubber In Dominion Rubbers 13.

Notice To Consignées

From JAPAN

Consignees per m.s. "SANGOLA”

are hereby notified that their

that

Indo-

at home and abroad, a new spin Belgian Congo fell back to 871 of the inflationary wheel stem- tons after the high output of 1,780

the tans in June. Relying heavily upon the theoryming from the large sums that no one wants to go back abroad and a

Goverment plans to

spend ward analysis who camped on

huge backlog of home and industrial construction the optimistic side of the labour szene this week-end believed a

that grows and grows from week solution to at least one of the maior riddles would appear.

Once one is out of the way, the entire picture can change with dramatic sudderness. And usual- ly the change is for the better.

Settlement of the Ford pension dispute at the very last minute and the sudden decision of John L. Lewis to send the hard coal diggers back to work on Monday along with the miners in Western States were the

main props of optimism over the larger labour scene.

Bright Spots

The numbing industrial crisis hit at a time when the fledgling

to week.

Gold Holdings

Operating statistics were

World production of tin metal at 14,000 tons in July was the same as in the previous month, Malayan, US and UK production were all lower at 5,067, 2,910 and 2,280 tons respectively, but the Netherlands' production TOSC from 700 tons in June to 2,008 in none July.

too accurate this week because of widespread confusion and the

World stocks, which had re- sudden switch in plans caused mained at a fairly steady level by the worsening labour picture since February, 1549 apart from as time went on.

the US strategic stockpile, in- creased considerably to 141,100 tons at the end of June compared with 135,200 tons at the end of May.

Outstanding on the

financial side of the ledger was a drop in gold holdings-the largest derline! in five years.

Our

The US$89,000,000 drop was smal! in

comparison with enormous total gold holdings of nearly US$25,000,000,000 but it touched off a lot of gossip among experts concerning the reasons. craments believe that sooner or It is known some forcim gay- later the U.S. will raise the price of gold in this country from the

US$35 an ounce. present

If a

Post-War Record

The US and Malayan stocks were at the high levels of 71,- 136 tens and 15,800 tons, re- spectively,

(in the case of Malaya this is a post-war re- autum; upswing in business was

cord) while in the UK stocks gaining altitude slowly but sure-

continuing to climb reached y. Retail trade has been hold

24,004 tons at the end of June. ing up well in recent weeks des pite the natural caution generat-foreign government wanted to

World consumption of tin metal ed by strikes and

back threats of up its judgment and buy in July is estimated at 9,700 tons, strikes,

some of the US, gold at the go- the same low level as in May. Forward buying for autumn rate, it could sell it back to an 300 tons less than in June. and Christmas inventory

the US at the higher level if IC. cumulation has been a bright the US ever did raise the price.

Such a

The estimated consumption of manoeuvre could have France and India, two major con- caused the drop.-Associated sumers, has been lowered since Pres

January. 1949. to 700 and 400 tons respectively.

Langkut In

Repah Rubbers 207. Robber Trante 20.

Suming Rubbery is. Semambu Rubbers in Shangha Kedah In. Shanghai-Malays 12n. Shanghai Sumatra is. Sunari Duris 13in. Tanah Merah.com. T-bong Rubber 4. Zangle Pebber In.

Notice To Consignees From PERSIAN VIA BOMBAY & STRAITS Consignees per

S.S. "CORALSTONE"

SA SALE OF GOLD EXPECTED

tons were

In the US, where consumption has fallen since the beginning of the year. only 4,124 used in May and 4,159 tons in June.

The use of tin in tin plate, however, rose and reached 3,019 tons in June.

London, September 2.

World tinplate production Unofficial financial quarters here reached a new post-war record of believe that the South African 451,000 tons as a result of very Finance Minister, Mr. N. C. bigb American figure, 373,487 Havenga, will soon announce a big tons. sale of South African gold on the free market.

35

Tir.

On September 26, the UK Ministry of Supply announced its They also believe that he will intention of abandoning the bulk annour.ce a constructive gold-government purchase of tin mining policy following devalua scon as possible, The London tior, and a Sterling loan in Leo-metal exchange will be reopened don

for dealings in tin at the earliest cargo-will be discharged into are hereby notified that their the free gold sale, there are sub recticable date.

On the most important of these, the Hongkong &

Kowloon cargo will be discharged into stantial but unconfirmable reports were changed as follows: Wharf & Godown Co., Ltd., the Hong Kong & Kowloon that South Africa will get up to

At the same time tin prices where it will lie at consignees Wharf & Godown Co., Ltd. 320 shillings an ounce.

metal, ex-Malayan smelter for risk and expense and subject where it will lie at consignees to terms and conditions of risk and expense and subject post-devaluation price of 2485. 3d. per ton and for American par- That would compare with the Furchasers outside the US, 1735 storage of the Hongkong & to terms and conditions of for sales at the official price, and chasers, 95 cents per pound, cif Kowloon Wharf & Godown storage of the Hong Kong & the pre-devaluation price of 1723. metal in the UK, £757 per ton New York. Selling price of Co., Ltd. The cargo is expect- Kowloon Wharf & Godown 6 ed to be ready for delivery Co., Ltd.

This mention of 320 shillings an delivered for refined in-Assċ- from the Godown on and after

ounce, equal to $44.20, aroused ciated Press. October 4, 1949.

some surprise:

Cargo is considered as being

and expense into the godowns accepted in good order and

where it will be at Consignees may be obtained as soon as risk and subject to the Wharf's the goods are landed. terins and conditions of storage, and where delivery may be obtained.

The cargo is ex- pected to be ready for delivery from the Godown on and after the 4th October, 1949.

Cargo is considered as being

5.5. "CHARLES E. DANT" are hereby notified that their cargo is being discharged into the Hongkong & Kowloon

of the China Provident L. & condition by consignees, unless accepted in good order and Wharf & Godown Co's godown M. Co., Ltd., where delivery broken, chafed and damaged condition by consignees, unless packages are left in the Go-broken, chafed and damaged down for subsequent examina- packages are left in the Go- tion by Messrs. Goddard & down for subsequent examina- No claims will be admitted consignees, at

Douglas in the presence of tion by Messrs. Goddard, after the goods have left the October 6 and 10, 1949.

Douglas in the godowns or failure to

consignees, at 10 a.ITL the survey.

attend

the 6th and 10th October, 1949. To comply with the General Bonded Warehouse Regulation,

To comply with the 'General Bonded consignees must have a Re- tion, consignees must have a Warehouse Regula-

venue

10

a.m on

presence

The free market price, which was more than $50 an ounce last

of

In

other

Italian Finance

were

TRADE PROBLEMS IN GERMANY

.

Committees of

"!

blems of Germán

Bong, October 2.

will this week attack the knotty pro

foreign trade

Officer in alteridence Revenue Officer in attendance, or indirectly to them directly,perts to meet with both.

are

goods are!

com

ear, fell to about $40 after the of the Chinese demand which was Communist successes killed most the foundation of the market

It has since recovered, but is not known to be quite so high as $44.80 for a

for a quantity as big as Havenga is expected to announce currencies, much Damaged packages are to be

higher prices could be obtained. and currency. on left in the godowns for exam-

On Friday, for example, the The Allied High Commission ination by Consignees and thei

Minister In announced that it had named an Company's Surveyors, Messrs.

dicated a free market price of economics committee and a for- almost $50 an ounce. All Carmichael & Clarke

chafed and broken,

eign trade and exchange at 10

To the gold mines, whether it mittee and invited German ex- am on October 4, 1949.

damaged goods are to be left in the godown where they will

when dutiable, goods

* To comply with

by relief of certain Generall be examined in the presence of

when dutiable

The foreign trade group charg- examined.

examined. Bonded Warehouse Regulations Messrs. Goddard and Douglas

charges, or in the most indirected with studying mark devalua- form, or relief to the South Afri tion problems Consignees must have a Re- on October 5, 1949, at 10 am.

All damaged cargo claims

and coal price can budget as a whole, it would questions is against the steamer must be

All damaged cargo claims be an important benefit additional seven days. venue Officer in attendance

to report within when damaged dutiable goods

presented to the undersigned against the steamer must be to the great benefit they have al- To comply with the General on or before October 25, 1949, presented to the undersigned ready received by devaluation. been given several weeks before The Economics Committee has Bonded Warehouse Regula- or they will not be recognised. 1949 or they will

on or before the 25th October, Reuter,

submitting a report Associated No claims will be admitted tions, consignees must have a

Press. after the goods have left the when examining damaged duti effected.

Revenue Officer in attendance

No fire insurance will be recognised. steamer's godown, and all goods able goods. All claims against remaining undelivered after the vessel must be presented to after the goods have

No fire insurance will be October 5, 1949, will be sub-the Undersigned within four-

No claims will be admitted effected ject to rent.

been No claims will be admitted $5.95 when the market open- dollars were. down to teen days of the ship's arrival,

taken delivery of ex ship's side after the goods have beened yesterday bit recovered in the

Karachi, October 2. All claims against the stea or they will not be recognised. kong & Kowloon Wharf & Go-side or alternatively

or alternatively ex the Hong-taken delivery

Nine countries in the Islamic of ex ship's afternoon to $6.03, At the close belt-Iran, Egypt, Saudi Arabia mer must be presented to the Undersigned on

down Co's premises unless a Hong Kong & Kowloon Wharf

ex the the rate was $6.00

Iraq, or before

Syria, Lebanon, - Jordan.” October 12, 1949, or they will

TT was put through from Oman and Muscat have agreed joint survey has previously & Godown Ca's not be recognised 7.

been effected

premises HK45.95

to participate in the world econo inless a joint survey, has pre-

at mir and industrial conference of MACKINNON MACKENZIE,

viously been effected.

Islamic countries beginning pounds opened at Karachi on November 23. Afg- and Turkey are still

are examined.

No fire insurance will be effected

"DODWELL & CO. LTD. Agents.

Hong Kong, Sept. 29, 1949.

No fire insurance effected

will be

WALLEM & CO., Agents, Telephone 34177-9%

September 29, 1949.

& CO.

Agents

BL SN Co., Ltd-

Hong Kong, Oct. 4, 1949..

not be

Money Market ISLAMIC TRADE

US

up to unchanged

was

CONFERENCE

MACKINNON MACKENZIE HK$11.55 and closed at $11.80.dering the invitation, Burma,

-&CO.,-- Agents, B. S.N. Co., Ltd.

Hong Kong, Oct. 4, 1949,

*Piastres remained nominal-at HK$11.70 a 100.

Ticals were unchanged HK$27 100.

ΝΕΙ Guilders dropped HK$24.50 a 100 after opening $24.50

Ceylon and Indonesia are sending

2 cbservers to the conference.

A large exhibition for industrial to products of Islamic countries has at £lso been arranged. Associated

Premi,

..Arr. Oct.

Sails Oct.

5 ....... Arr. Oct. 30° Sails Oct. 11 ROUND THE WORLD

-

VIA MANILA, SINGAPORE, COLOMBO, KARACHI, SUEZ

• PORT SAID, ALEXANDRIA, NAPLES, MARSEILLES, GENOA, NEW YORK and BOSTON "President Polk"

Arr. Oct. 19 Sails Ort. "Mount Davis"

Arr. Oct. 30

TO JAVA & STRAITS

Air. Oct. 21

"President Johnson

Opposite Star Ferry

Salls Nov.

Sails Oct. 23

Tel. 28172/5,

BENBLINE

THE

ARRIVALS

SHIP "BENAVON" *BENWYVIS" "BENVENUE" "BENLEDI” "BENLAWERS" "BENRINNES" ***BENARTY”

"BENVORLICH"

SHIP

[^BENAVON". *BENVENUE"

'BENLED "BENLAWERS"

§'BENNEVIS”

"BENWYVIS”

"BENARTY"

"BENKINNES".

207 42

DUE

6th Oct.

FROM

.UK. via Singapore

do-

15th Oct.

27th Oct.

-do-

1st Oct

-do-

19th Nov.

-dom

21st Nov.

do -do-

28th Nov.

10th Dec.

SAILINGS

ΤΟ

London, Antwerp, Rotterdam, Haru- burg & Hull

Liverpool, Glasgow, Dublin, HavTE, Antwerp, Rotter dam & Hamburg.

Genoa, London, Rull & Leith

LOADING

9th Oct. 30th Oct. 5th Nov. 23rd Nov.

8th Oct.

7th Nov.

20th Dec.

25th Nov.

via Malaya, Colombo, Aden, Port Sudan & other way porta

•

Accepts cargo for Japan.

Omits Hamburg, calls at Genoa..

t Omits Hamburg, calls at Leith,

§Calls at Genoa.

For Further Particulars, Apply To--

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

York Building.

Telephone: 34165.

THE EAST ASIATIC CO., LTD.

M.S. "MORELIA"

LOADING ABOUT 7th OCTOBER for

ADEN, POET SAID, TRIESTE, GENOA, ANTWEEP, ROTTERDAM, HAMBURG, OSLO, GOTHENBURG & COPENHAGEN

Tenks available for the carriage of oil in bulk

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

Tel. 34111 & 34112

KLAVENESS LINE

SAILINGS

&

Direct to Los Angeles, in 16 days Thence San Francisco, Vancouver, Seattle & Portland M.S. "FRANCISVILLE":

29th Oct.

}

ARRIVALS FROM PACIFIC COAST

M.S. CASTLEVILLE” M.S. “BOUGAINVILLE”

21st Oct.

21st! Now.

Sailing to Singapore, Port Swettenham, Penang, Belawan & Batavia

M.S. "CASTLEVILLE"

Passenger Accommodation Chinese Freight Agents, HOO FOOK PING King's Building

22nd.

Bulk Oil Tanks

Apply:-

THE BANK LINE

(CHINA) LTD.

Tel 27792 THE BANK LINE (China) Ltd,