1949-10-05 — Page 14

THE CHINA MAIL, WEDNESDAY, OCTOBER 5, 1919.

ROYAL

INTEROCEAN

LINES

JAVA PORTS and MACASSAR

TJIBADAK”

"TJITJALENKA”

SAILINGS

.15th Oct. ...30th Oct.

"STRAAT MALAKKA"

"BOISSEVAIN"

MANILA

SAILINGS

7th Oct.

"STRAAT SOENDA”

"TEGELBERG"

8th Nov.

30th Nov.

28th Dec.

ARRIVALS

13th Oct. 25th Oct.

ARRIVALS

18th Oct

18th Nov.

SINGAPORE, PENANG and BELAWAN DELI

"VAN HECTSZ"

"VAN RIEMSDIJK"

SAILINGS *** ARRIVALS-

FINANCE AND

COMMERCE

ARGENTINA ANNOUNCES N.Y. Stock

DEVALUATION OF PESO

Hong Kong Stock Exchange

19th Oct.

2nd Nov.

13th Oct. -27th Oct

The Deglected.

Market

was

EAST & SOUTH AFRICA & SOUTH AMERICA

ARRIVALS

SAILINGS

"STRAAT MALAKKA”.

7th Oct.

"BOISSEVAIN"

8th Nov.

STRAATSOENDA"

30th Nov.

"TEGELBERG"

28th Dec.

---18th-Oct 18th Nov.

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”

6th Oct.

"BOISSEVAIN"

11th Oct

STRAAT SOENDA"

226th Oct.

31st Oct

TEGELBERG"

20th Nov.

2nd Dec.

Agents: HOLLAND-EAST ASIA LINE

EUROPE via MANILA and MALAYA

"MARIEKERK”*

"MOLENKERK"

SAILINGS

Sth 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.

4th Oct. 13th Nov.

KING'S BUILDING: TELS 28015 to 28017 CHINESE AGENTS: 82. Connause Ro.C Tris 3496-26:33

DE LA RAMA LINES

ARRIVING FROM U.S. ATLANTIC COAST }

VIA LOS ANGELES & SAN FRANCISCO

6.5. “DONA AURORA”

my. “DONA NATI"

18th Ort.

Early Nov.

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

6.5. "DONA AURORA"

..(Calls Japan)

m.v. "DONA NAMI"

.(Calls Japan)

Early Nov. ..Late Nov.

THE DE LA RAMA STEAMSHIP CO., INC.

(Incorporated the Philippines)

MARINA HOUSE Tels. 23676--22675

CHINESE SHIPPING OFFICA Tels. 23738-20153

STATES MARINE LINES

FAR EAST SERVICE

FROM U.S.A. PORTS

S.S ROBERT LUCKENBACH"

Due 7th October

Agenti

GOURLIE & CO., (HK.) LTD.

Union Building

Telephones: 20321 & 31341

F.K. GOTT, LOANS

Big Lead 11934 2 1915) 2008, Big Lown (3943) 125.

BANKS

HE S. Mank 15.

Lon. Reg.) Esen, Chartered Bank £10%a.

Buenos Aires, October 3. The Argentine Government today "froze" the prices of all essential goods-from floor mops to castor oil, from food to furniture.

It also lowered the free market value of the peso by about 47 per cent in terms of the United States dollar.

ports.

multi-rate

Exchange

"New York, October 3. A spurt of buying sparked the stock market late in the session

today and sent prices up by fractions to more than a point.

Trading on the whole was slow,

Dow Jones averages: Stocks 65.48

however..

Transfers were 760,000. Rails were strong, steels sagged, colds These new measures came as petroleum, which American com- and utilities were mixed. the Central Bank, giving details panies once supplied,

Among gainers were Santa Fe. of Argentina's new

Plate. In the first five months of 1949) Union Pacific, Nickel exchange structure, confirmed United States shipments to Ar- Phiten tied Chemical, Richfield the decision to maininin-the-old-gro USCITA Polvond Bloma Mines almost peso rate for Britain's meat ex-j

to US$52,714,000.

Fereign traders said that aus Immediately after the Bank drastic cut in the dollar value had fixed the so-called tree mar of the Peso might mean that ket value of the peso at nine to Americans could buy Argentinian the dollar against the previous goods more cheaply but that this 4.50, the Commerce Minister would be conditioned by Argen Constantino Barro, broadcast : tina's strict Government control

over exports and imports,

Today's announcement of the prime secessity to Argentine new rates covered only the dol households would be axed a jar and Pound.

Mercantile Park A. & R. 222 m. Bank of East Asia 1005,

INSURANCES

Canton Ins. 3o. Inion i ksin, klima. China Undrewriters 25. H.. Fi Ina 1450.

Duclan 20°n

SHIPPING

H.K, M. Steba tla, Indo Chinas (Prefis Mbun

| Def.) 20in. Selo (Bratri 03/20 Union Waterbolt. Ana Nav,

DOCKS, WHARVES, GODOWNS, E

K&K. When 1956. North Paint Wharves

Shanyhat Henziew Wharves, 140- HK, Dei 150.

China Providenta 1 n. Shar glai Dockyards C Whericks 10.

MINING

Rich in 6.17.

H. Mine 6.

LANDS, HOTELS & BLOGS. HS. Hotels 1b.

HX. Land 45 let.

Slanghal Lands 19ıb, 1.56%,

Humphreys iniatio

H.K. Rewi Alm Chine Estates 1670.

PUBLIC UTILITIES

H.K. Tenware 15th, 15, 15.6. Peak Trams old, a.

Nem ún. Fur Ferris 5271,

C. Lights OM, 11-205, 11, 11. New sub, X.

H.K, Fetrics 1256, 254, 19tim

Korzo Fimet ming you a

Sedakan Lírbia 19an,

Tainphone 19

Shanghai Gun.

INDUSTRIALS

Cal. Macz. Only 35.60n. Canton Ire în

Cements 184b. 191. H.. Popes 12.D.

STORES. EL. Dairy Farma 37b, 774sa, Watsuns 41b, 41.

L. Crewords 16.

Sitrates 4.86

China Enyorium Ska, Sun Cu, Lid. 2.

Kwong Sane Hank 12. Wing OH.E.) 12. Wm. Powel, Ltd. 91.

MISCELLANEOUS

China Entertainment 14. H.K. Cestructions (Old) 2.300.

(New) - Viber Pillans 15.

Mareman Investments Win Marsman (H.K. 20. Shanghai Loe 140n. Yang XD, 2:00.

Ewne $.Sch.

COTTONS

ELBBER, El. COMPANIES

Alma Fatates itn.

Anglo-Detch. Ancio-Jaras. Bath Acams.co. Hute Planatigris 2.

4.

Cheer United Clear Rubbers 20. Consolidated Bubbers 10. Dominion Rubbers In. Langkats 10.

Repah Rubbers Rubber Truste in. Samazarz Rubbers 858. Sambu Rhorts 250. Shanghai Kedah In. Shanghai-Malays 12n. Shanahal Sematis In. Sungei Cura 134 Tanah Merab ton. Talang Rebbers 40. Ziaszbe Rubber in

Money Market

brief announcement

This said that

all articles

last Saturday's levels,

of:

Private bankers said that they! The depreciation of the peso are waiting further word from the Argentine authorities have; aanounced that their adjustmente Central Bask-about

of exchange rates does not con- stitute the devaluation

CULTENCIES.

50 Industrials 182.67: 15 Rails 47.94.

10 Utilities 37.71. Adarus Express 20

Alaska Juneau 3%. American Can 96. American Smelting 464 American Telephone 1424. American-Tobacco-734- American Waterworks 7. Anaconda Copper 26. Aviation Corp. 54. Baldwin Locommotive 10%.. Barnsdall 50%

other

Bendix Aviation 3014. Bethlehem Steel 271.

Although "treemarker" rates

a devaluation exceeds theoretically cover transmission the Pound of profits made in the Argentine Sterling, with the result that by foreign companies, protis have while the Pound

was formerly not been permitted

leave the

werth 19.37 pesos it can now bus country legally for the past two slightly over 25 pesos.

years.Iteuter

Observers here believe that Press. the explanation of the change; play in the fact that the peso had long been considered over- valued in terms of most other currencies.

No effect on British

A substantial downward ad- justment had been talked of here

for the past year or so.

Confrmation of the decision to j keep the old rate for exports a meat to Britain came in de

is given by the Bank today of exchange rates which will apply 15 different categories of imports and exports.

and Associated

Drilling For Oil In Middle East

17

to

the

Orange, Texas, October 3. The American Independent. On Company is expected make an early start on oil Kuwait neutral zone" of the development work Middle East following the de- here of a ship In a new booklet, "Import Ex-parture from change Regulations," the Central carrying drilling equipment) Bank stated that imports were and a year's supplies.

stil limited to articles "consider- The ship, a converted wartime ed essential for public health landing craft, "is expected to take and the maintenance of the basic about seven weeks for the trip cultural and economic activities to Kuwait She will be used as of the country."

floating

base during initial: Authoritative sources in Lon-operations.

The American Independent Oil don said that the new peso rate would not of itself make any Company, owned by 10 indepen- difference to the price Britain is dent United States of producers,

at the moment paying for meat.

It was stated that the price for i meat now being imported by Bri- tain was agreed in Sterling at

£97.530 per long ton.

That price

holds a 60-year concession in i half of

of a neutral zone between Kuwait and Saudi Arabia.

Through an agreement withi Pacific Westem Oil Company. holder of the concession for the would hold good other half, it is carrying out, until the end of the year, these development work and drilling sources said.

for the joint account.

Latest drilling techniques will Davies, President of American be employed, according to Ralph Independent-Reuter,

Next Fear

The price to be paid for meat in 1930 would depend on discus- sions which, it was agreed, should be held if Sterling were devalued.

There was no indication tonight when these discussions might Istart. Oficial quarters in Londen seem to be in no hurry to begin them.

The meat price was the only, one agreed during the trade negotiations.

Any other food

ΟΙ

GERMAN COAL PRODUCTION

Hamburg, October 3. duction rose to a daily average West German, hard coal pro-

of 337,178 tons during September,

Boeing Aircraft 20%. Borden Co. 46.

Canadian Pacis 14

J.' 1 Case 381%

Chrysler 52%

Colgate 30%

Commercial Solvents 16% Com Products 63% You Poat

Du

53%

Eastman Kodak 43 General Electric 37% General Motors 63 Goodrich 63

Goodyear 394

Homestake Mining 44 International Harvester 27 International Paper 584 International Tel & Tei 9 Johns Ma

Manville 41 Kerecolt Copper 47

VERIs Ward 31

Distillers 21 National Lead 33 New York Central 10% Packard Motors 3% Pan American Airways 8 Pennsylvania RR 14

Radic Corp. 12

Real Silk 11

Remington Rand 9% Rezublic Steel 20% US Rubber 33

Steel

23%

Reynolds Tobacco 391

Schenley 28%

Sears Roeback 41%

Shell Oil 36

50**

Soceny Vacuum 16 South Pacific 42%

Standard Brands 21" Standard O3 of Cur. 681% Standard Oil of N. J. 70% Studebaker 2226

Union

Bag 25% Union Carbide 40%

US Lines 15

Westinghouse 25%

Youngstown Sheet & Tube 6512 Gen. Pub. Utilities 15 US Rubber 33

US Steel 234

--Associated Press.

LONDON STOCKS

London, October 3.

bonds Jed the

Government

Star performer in the Govern

Notice To Consignees

post-war high, ал official London Stock Exchange in a mild British announcement said today. general price advance. Speculators Total production for the month concentrated on gold shares and feeding amounted to 8,779.418 tons. Aver-even low grade producers showed stuffs imported by Britain from age daily production showed an gains. Argentina will presumably cost increase of over 1,000 tons above. Britain more-how

much more July, the previous record month ment bond list was British Gas, depending on the peso exchange Output had shown A normal which advanced 15/- Oil shares rate adopted for any particular seasonal slump in August.

were off slightly. commodity.

-United Press,

Financial Times' index 105.2.--- Argentina's devaluation 01

Associated Press. her peso against the American

Washington, October 3. dollar may mean a further drop The U.S. Government is cun- in the United States' already sidering the possibility of barter-, drastically reduced trade with ing government owned cotton for Argentina, foreign trade strategic rnaterials, but when Sources in New York sald. how or if the plan can be put

Es. "VINGNES” “ Ther noted, however, that into effect is indefinite so far as Argentina applies full percentage Japan is concerned. This was

Having arrived Hong Kong only to tourists. profits and disclosed today through question-consignees of cargo are hereby services.

ing various men here

directly notifed that all goods have been Sliding rates were named for concerned with Japan's economic landed and placed at their risk various goods exported and im- problems, after the U.S. Agricul and expense into the godowns ture Department said a barter of the China Provident L. & plan is being considered-Asso-M Co., Ltd., where delivery ciated Press.

may be obtained as soon as the goods are landed.

ported.

7

Drop in 1949 American trade with Argentina! has dropped sharply since Janu- (ery 1, 1949, when the Peron US dollars continued weak yes-

Government negotiated a barter terday, opening at HK$5.95% andreement with Britain turning

closing at $5.98.

over to Britain much of Argen-

Notice To Consignees

$.5. "EASTERN SAGA”

TT was put through from tina's import business such as From CALCUTTA, STRAITS, HK$5.95 to $6.

Sterling and Australian pounds were unchanged at HK$15.70 and $11.60.

Piastres remained nominal at HK$11.70 a 100,

Ticals at HK$27 a 100 were un- changed from the previous day, as were also NEI Guilders at HK$23.50 a 100.

Pacific Far East Line, Inc.

DIRECT

Fast Regular Trane-Pacific Service

SAN FRANCISCO, LOS ANGELES

"CHINA BEAR"

FLYING DRAGON" + "GREAT REPUBLIC

"PACIFIC-BLAR”.

"CALIFORNIA."BZÁR='

Für full, vart

OVERLAND NEW YORK-CHICAGO-DETROIT-TORONTO, MONTREAL. AND ALL AMERICAN & CANADIAN, CITIES.

Arzire

From

Balt

San Francisca Sam Facin San Francisce

Oct.

•

'Od. 21

Gel. 12

Del 21 -Det

San Francisó viz Takin & Kobe, San Francisco & Los Angeles, Ban Francisco & Los Angeles. / -Din Pranciscu &“Lion”Angeles --

Tele Kok & Yokolume.

Ker

.Key,

vh Kobe 4:Tekožama -

Ban-Francinem

·Pully Bafrigerated. Aromptá Thy Cargo at Bound,

San Francisen & Los Angeles

PERİ "A DÍSICA. UNITED STATES LINES CO. Queen's Bldg. Tal-31251-

U.S. TREASURY

Washington, October 3 compared with the correspond Treasury position on September ing date a year ago.

BANGKOK & SAIGON arrived October 3, 1949

No claims will be admitted after the goods have left the godowns or fallire to attend the survey.

-AII broken,

chafed and

will be surveyed in the pre- be examined in the presence of Damaged cargo ex this vessel damaged goods are to be left in the godown where they will Total Debt $258.583,353,553.92 Kowloon Wharf & Godown Co. on October 5, 1949, at 10 am mises of the Hong Kong & Messrs. Goddard and Douglas and $252,314,805,167.28.

ed Press,

Ze-

Gold Assets $24,602,841,304.32 Ltd at 10 am on Thursday, and $22,871,938,151.89.—Associat- October 7, 1949. Consignees

are advised to have their Re-To comply with the General presentatives

Bonded Warehouse .present during

Regula. SNOW IN SWEDEN the Survey.

tions, consignees must have a Revenue Officer in attendance London, October 3. Winter has come to Northern claims for damage or shortage able goods. All claims against Consignees are warried that when examining damaged duti- Sweden, Stockholm Radio ported tonight.

may not be accepted if the the vessel must be presented to damage is not surveyed by the Undersigned within four Messrs. Goddard & Douglas inteen days of the ship's arrival, the presence of Consignees or they will not be recognised. Madrid, October 3. Representatives at this appoint- Spam has readjusted her ster-ed time. ling exchange rate, cutting the

No fire insurance Eritish pound from 44 to 30 pesos.

effected. The dollar rate remains unchang

Thick snow covers the country side-Reuter,

cd Associated Press

Detroit, October 3.

JARDINE, MATHESON &

CO. LTD. General Managers,

Co., Ltd.

The Packard motor car, com- Indo China Steam Navigation pany today announced a two-day

shutdown this week and

eur

tallment of production, beginning October 4, 1949, next week, because of the steel

strilon United Press,

AMERICAN. PRESIDENT LINES

The Global Ban

TO HONOLULU & SAN FRANCISCO

*President Cleveland"

"President Wilson" "General Gordon"

Yia JAPAN

Arr. Oct.. 15 Arr. Nov. Arr. Nov. $

Sails Oct. 16 Sails Nev.. 2 Sails Nov.

TO SAN FRANCISCO & LOS ANGELES

"President Madison". "President Pierce”

vio JAPAN

.Arr. Oct. 26

Sails Oct. 27

..Arr. Nov. 8. Sails Nov. 9

TO NEW YORK, BALTIMORE & BOSTON

via PACIFIC COAST & PANAMA

"President Grant" "Marine Snapper"

In Port Sails. Oct. 5

Art. Oct. 30 Salls Oct. 31 ROUND THE WORLD VIA MANILA, SINGAPORE, COLOMBO, KARACHI, SUEZ, PORT SAID, ALEXANDRIA. NAPLES, MARSEILLES, GENOA, NEW YORK and BOSTON

Arr. Oct. 19 Sails Oct. 30 Arr. Oct. 30 Sails Nov. 1 TO JAVA & STRAITS

"President Polk" "Mount Davis”.

"President Johnson

Opposite Star Ferry

Arr. Oct. 21

Sails Oct. 22 Tel 28172/5.

BENOLINE

SHIP "BENAVON" **BENWYVIS" "BENVENUE" "BENLEDI”

"BENLAWERS”

THE PAR FAST

ARRIVALS

FROM UK Fia Singapore

DUE

8th Oct.

15th Oct.

27th Oct.

do

31st Oct

19th Nov.

"BENRINNES”

-do-

21st Nov.

**BENARTY”

"BENVORLICH“

28th Nov.

10th Dec.

SAILINGS

TO

:

LOADING

London, Antwerp, Rotterdam. Ham- burg & Hall

11th Oct.

30th Oct.

5th Nov.

23rd Nov.

SHIP "BENAVON"

"BENVENUE" ....

BENLEDI"

"BENLAWERS”

§'BENNEVIS"

"BENWYVIS”

"BENARTY"

Liverpool, Glasgow, 8th Oct. Dublin, Havre, Antwerp, Rotter

dam & Hamburg.

"BENRINNES” .. Genoa, London, Hull

& Leith

7th Nove

20th Dec.

25th Nov.

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

* Accepts cargo for Japan.

Omits Hamburg, calls at Genna. Omits Hamburg, calls at Leith. Calls at Genoa.

For Further Particulers, Apply Tom W. R. LOXLEY & CO. (CHINA) LTD. Agents

York Building.

Telephone: 34165.

THE EAST ASIATIC CO., LTD.

M.S. "MORELIA"

LOADING 7th OCTOBER

for

ADEN, PORT SAID, TRIESTE, GENOA, ANTWERP, ROTTERDAM, HAMBURG, OSLO, GOTHENBURG & COPENHAGEN

Tanks 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, în 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 Nov,

will be

M.S. "CASTLEVILLE”-

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

September 29, 1949,

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

Passenger Accommodation

Chinese Freight Agents,

·HOO FOOK PING

King's Building. Tel. 27792

22nd. Ost,

·Balk-Off Tanks

Apply:

THE BANK LINE

(CHINA) LTD.

THE BANK LINE (China) (@td.