1949-10-15 — Page 12

ROYAL

INTEROCEANI

LINES

JAVA PORTS and MACASSAR

ARRIVALS

In Part 28th Oct.

SAILINGS

"TJIBADAK"

"TJITJALENKA”

.15th Oct

30th Oct.

MANILA

"BOISSEVAIN"

8th Nov.

“STRAAT SOENDA”

30th Nov.

**TEGELBERG”

28th Dec.

18th Nov.

TJIKAMPEK"*

25th Jan.

SAILINGS

AREIVALS

23rd Oct.

8th Dée.

* No passenger accommodation available.

SINGAPORE, PENANG and BELAWAN DELI

"VAN HELTSZ"

"VAN HEUTSZ“

SAILINGS

ARRIVALS

19th Det.""In' Port ....16th Nov. 13th Nov.

EAST & SOUTH AFRICA & SOUTH AMERICA

"BOISSEVAINTM

"STRAAT SOENDA"

TEGELBERG"

TJIKAMPEK”*

SAILINGS

ARRIVALS

8th Nov.

30th Nov.

28th Dec. 25th Jan.

23rd Oct. 18th Nov.

8th Dec.

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

Dar-Es-Salaam and Zanzibar.

*No passenger accommodation available.

JAPAN

SAILINGS

ARRIVALS

"STRAAT SOENDA"

.24th Oct.

3rd Nov.

"TEGELBERG"

. 20th Nov.

2nd Dec.

TJIKAMPEKUZ

10th Dec.

21st Dec.

* No passenger accommodation available.

Agents: HOLLAND-EAST ASIA LINE

EUROPE via MANILA and MALAYA

*MOLENKERK”

"MEERKERK"

SAILINGS

14th Nov. Early Dec.

ARRIVALS 19th Oct. Early Nov.

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

"MOLENKERK”

"MEERKERK“

JAPAN

SAILINGS

ARETVALS

23rd Oct. Early Nov.

13th Nov. Early Dec.

KING'S BUILDING TEL-S-28015-10-28017- CHINESE AGENTS: 82. Connaught RD. C. Tess: 31196-25133

DE LA RAMA LINES

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

8.S. DONA AURORA"

m.v. "DONA NATI”

.....18th Oct. ...Early Nov.

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

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

(Calls Japan)

Early Nov. .Lale Nov.

THE DE LA RAMA STEAMSHIP CO., INC.

(Incorporated in the Philippines)

MARINA HOUSE Tala. 2367622673

CHINESE SHIPPING OFFICE Tela, 2373829153

AMERICAN PIONEER LINE

to and from

Atlantic Coast Ports of

the United States

and Far Eastern Ports

NEW FAST CARGO SHIPS

ARRIVALS FROM ATLANTIC

"PIONEER LAND"

PIONEER WAVE" "PIONEER LAKE"

In Port

.Oct. 18

.Oct. 29

SAILING TO MANILA'

"PIONEER LAND"

PIONEER WAVE“. "PIONEER LAKE”

Oct. 15

.Oct. 19

Oct. 30

"PIONEER LAND"

"PIONEER WAVE"

#

Nov. 10

THE CHINA MAIL, SATURDAY, OCTOBER 15, 1949.

FINANCE AND COMMERCE

'EXTRAVAGANCES' IN New York

THE STERLING AREA

Hong Kong Stock Exchange

The Market during the week has suffered from neglect, and what few buyers have been around have had things very much their own way and prices have again drifted down. Towards the close, however, things have slightly improved and a more conadent air has set in. Whether or not this will be maintained is in the lap of the gods, but there does seem to be a feeling of relief at the highly probable fall of Canton or that that city is on the point of being handed over".!!

BK, GOVT. LOANS

<% Loan 100b. 95% Loss (1954 & 1940) 3008, 2 Loan (1548) 1008, 1014, 100am

pla krteres I

BANKS

HK. & S. Bank 14005, 2420sm (Lon, Rex.) £85pm. Chartered Bank £10 1/16n. Xercantile Bank A. & E. EA Bank of East Aala 103ka. INSURANCES

Canton Ina NIGH

Union Ina, KIDD.

China Underwriters a H. Fire 12. Zika

EXIPPING

Douglases 200 *** X. Steamboats iin. Indo Chinas (Pre)

(Det.) 20. Shell (Beszer) (b/in. Union Waterbosta za Axia Nav, 70

DOCKS, WHARVES, GODOWNS, EL.

2.5. & K. Wharves 1960.

North Point Whares S. Shanghai Hongkew Wharves ién. HK. Docka 15. 15 China Providenta la Shanghai Dockyards 65.

Delocka 14b.

MINING Band Mines £100. H.K. Mines 41%

LANDS, HOTELS & BLDCS.

H. & 5. Boel_108, 9.70/10nz.

KK, Li& ANG

Shanghai Lands 1.82,

Humphreys, Yu.

HK Realten 18

Chinese Estates 1403.

PUBLIC UTILITIES

HK Tamways 15th, 10ł 14/15

Peak Trams (0; 18.

(New) ICE.

Star Ferrics būna.

C. Lights (Old) 11.306, 10.50/11,298m.

(New) 5.34h, 83%, 189AÐAR,

H.K. Mectrice 2934. 28/29. Maco Electries 21. Sandakan Lighta 8n. Telephones 174, 174/16 Shanghai Gas An.

INDUSTRIALS

Cald. Kaeg. (Ord.) 26.60m Canon Tom 314an.

Cements 18h, 11.20% H.K. Ropes 18h, 19cm.

STORES, Etc.

Dairy Farms 17.

Watsons 40b, 628, 1994/6ixe L. Crawfords 162, 17am. Sincere N. 4.Wa.

China Emporium 8,

Sun Co., Ltd. 235.

Kaos Sant Hour 102a. Wing On (K) M Wm. Powell, Lii. 914m.

MISCELLANEOUS

China Entertainments Zin. HK. Constructions (Old) 2.30a.

(New) in.

Vibro Pilings 15m.

Maraman Investments 9/weh Marman (E.K.) 2. Shanghai Loza 1.3ta. Taartazes 1.100.

Emos 1.963,

COTTONS

Money Market

London, October 13.

The financial editor of the Liberal "Manchester Guardian," writing today under the heading "Sterling Area Extravagances,” said that unless unrequited exports are checked at

once, devaluation will have been useless. The prices of British goods will merely be driven up by increased demand from the Sterling Area and other soft currency countries, he stated,

Stock Exchange

New York, October 13. A swift forward synge in the stock market today was cut back by stiff selling resistance. There was only a small net gain at the 1,790,000 --the close. Transfers highs for highest this year; 123 gained new

the

year. A proposal to add to 30 cents to the use ion of coal as his price for end- ing the coal strike dampened the buying spirit in Wall Street. Among gainers were Admiral Corporation, Hilton Hotels, Skel- by Oil, Allied Chemical, Zenith Radio, Mcintyre Porcupine and Texas Company.

AMERICAN, PRESIDENT → | LINES

The Global Fart

TO HONOLULU & SAN FRANCISCO

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

vicTM JAPAN

Arr. Oct. 15 Arr. Nov

+

Arr. Nov. 4

Sails Oct Salls Nov.3 Salls Nov.

TO SAN FRANCISCO & LOS ANGELES vio JAPAN

"President Madison" "President Pierce"

Art. Oct 26 Salls Oct. Art, Nov. 8 Salls Nov. TO NEW YORK, BALTIMORE & BOSTON"

via PACIFIC COAST & PANAMA

Art. Oct. 30 Sails Det. J .Arr. Nov. 29 Salls Nov. 3 ROUND THE WORLD

ZALNAAMKA 01) JERKEERAVES ---“Marine - Soapbert..

"Yet Sir Starorð Grippa, Catast cellor of the Exchequer, said yes. terday that he had talked no busi- ness at all with Pandit Nehru, the Indian Prime Minister, last week-end."

Stating that India, Pakistan and South Africa imported three to four and a half times as much (in volume) from the United States and Canada in 1948 as: in 1938, the Anancial editor added:

}

Deficit In U.S. Treasury

Washington, October 13. There were similar increases by The fifteenth week of the new Malaya and Ceylon, though in fiscal year ends today with the absolute size they were less im-Government spending at a dizzy portant."

rate which ensures a huge deficit

was

He observed that the increase The Government has cost tax- in imports from North America payers more than US$12,000,000,-

not due

to any

15 weeks. The general 000 in the

past shortage of supplies from Bri- Treasury is about US$2,000,000,000 in the red for the fiscal year so tain, as often supposed.

"There was, in fact, a large in- far despite the labour of tax- crease in imports from the Unit-payers who are paying a greater ed Kingdom: after allowing for sum into the Treasury in this the rise in prices, imports troen fiscal year than in Britain to all the Sterling Area ing period a year ago. countries were little short a

A startling and significant fact Treasury's emerging-from-the double the pre-war volume.

daily statement of its operations is not the big defcit figure. It is the fact that expenditure so far

India's Gain

"Moreover, the

increases

响

correspond-

curred in much the same co-in this fiscal year already is about US$2,500,000,000 greater than for

modity groups as the expansion the corresponding period in 1948.

Area

of imports from the United

Il Government costs had been States"

held to last year's figure so far After tabulating the value of in the new fiscal year the United imports by certain Sterling States would now have a fat sur- exuntries from the United plus and maybe some chance of a States and from Britain during further tax reduction. 1938 and 1948, the financial edi tor said: "India and Pakistan benefited from a more than three fold rise in their export prices

These countries were

able

A year ago there was a surplus of nearly US$500,000,000 in the first 15 weeks. Final figures of first 15 weeks will not be re- the first 15 weeral days. But as

to finance a vast increase in of last Monday the Government

dollar imports without a pro- had

had spent

ent US$11,801,600,471. At

portionate increase

the that rate of spending the figures volume of exports, but the for the entire fiscal year will be temptation to buy still more around US$41,600,000,000 and if

the deficit -proved-so-great-that-the-pre- !

continues to accumulate war surplus with North Ameri. at its present rate the Treasury will have a defelt when the fiscal ca was turned into a deficit,

years ends on June 30 of US$8,- 512,000,000.-United Press.

Double Burden

"If countries such as India and Pakistan have to reduce their im- ports, it will slow down their

development, and add to inflation- JAP WATERS SAFE

ary pressure and intensify un- rest.

The needs of these countries are in some ways as important to the rest of the world as to the countries themselves.

FOR NAVIGATION

Tokyo, October 14. Navigation by foreign ships in waters extending from the Ka- "At Washington it is being mon Straits to the Bango Chan- considered whether the United nel between the Japanese main- States could take over responsi- land and Kyushu has been an- safe by the occupation

bility for some of the Sterlingthorities, the Moji branch off

ports

Cra-

Among stumblers were ham Palge, Santa Fe, American Airlines, Dow Chemical and Paramount, Benguet Consolidated,

Dow Jones averages: Stock 68.98.

20 Industrials 186.78. 15 Rails 49.68. 10 Utilities $8.05. Closing quotations. Adams Express 21%. Alaska Juneau 3. American Can 98,

American Smelting 47%. American Telephone 1434. American Tobacco 3. American Waterworks 754.·· Anaconda Cooper 2844. Aviation Corp. 54.

Baldwin Locomotive 304. Barnsdall $1.

Bendix Aviation 32. Bethlehem Steel 29%.

Boeing Aircraft 21. Borden

Co. 46. Canadian Pacific. 134. J.. I, Case 38.

Chrysler 53.

Colgate-41%.

Commercial Solvents 174. Cora Products 64

Du Pont 547%.

Eastman Kodak 43. General Electric 38. General Motors 65%. Goodrich 63%. Goodyear 40%.

Homestake Mining 461. -International Harvester-

International Paper 63% International Tel & Tel 94. Johns Manville

4211⁄2

Kernecott Copper 47%. Montgomery Ward 51%, National Listillers 21. National Lead 32% New York Central 10%. Packard Motors 4. Fan American Airways 9. Pennsylvania RR 144. Radio Corp. 12. Remington Rand 10%. Republic Steel 214. Reynolds Tobacco `391⁄4. Schenley 29.

Sears Roebuck 42%. * Shell Oil 39.

Socony

Vacuum 18.

Standard Brands 22,

Southern Pacific 44.

CA

Standard Oil of Calif, 69.

balances. But one thing seems

the Mantime Safety Board dis clear. Britain

cannct finance these purchases any longer. Bri- closed on Wednesday.

Foreign ships are now permitted tais cannot go on attempting to to proceed to

such carry the double burden of ad- Tawata, Wakamatsu, Moji and justing her balance et payments Shimonseki via the Eastern en- and financing a huge increase of trance of the Kammon Straits in- industrialisation imports into stead of around the Southern tip Sterling Area countries."-Reuter. of Kyushu, thus saving 24 hours

GOLD OFFER

Johannesburg, October 13. The Gold Producers Committee, of the Transvaal Chamber of Mines today announced " a new offer to the Gold Mineworkers" Union, including an increase of 15 per cent in the base pay in- stead of the 12-2 per cent offered last week and which was rejected [by the Union-

of navigation.

The waters towards the West- ern entrance of Kanmen Straits had been announced safe jor foreign vessels on January 13 this | - year-Reater.

ABORTIONS ON MENTAL CASES -

Standard Oil of NJ: T2%. Studebaker 25.

Union Bag 264.

Union Carbide 40%.

U.S. Rubber 33%. U.S. Lines 15% Westinghouse 27%.

Youngstown Sheet & Tube 684. Gen. Pub. Utilities 15%.

Associated Press.

NY RUBBER

Marcher

May

15.90.

New York, October 13, Crude rubber zumber one -Tokyo, October 13. turres closed--10-lower to 10 The workers are demanding an The Japanese Attorney-Gen-higher. Sales 219 contracts. increase of one-third in the basic eral's office ruled today that, in pay. Other beneñts in the offer | cases of mentally deficient included consolidated medical women being pregnant abortion The pending occupation of benefit allowance and higher) Canton by the, Communists had holiday allowances-Reuter,

operations could, if necessary, be carried out "by force or decep- no effect on the local money

tion.' market except that there were more sellers of industrial "gold than buyers.

JAP BICYCLES

The ruling was given in reply to questions about the powers of Government authorities to en- Tokyo, October, 13.

force Article, 10 of Japan's new Economic oficials at General Eugenie Protection Law, referring MacArthur's Headquarters today to the bearing of children by to was put through from in Japan had shown a remarkable

reported that bicycle production mental defectives-Reuter. HK$6.02 to $6.03.

increase during the past four

US dollars dropped to HK$5. 98) shortly after the opening but in the afternoon the rate went

$8.07.

Up

Sterling was unchanged at years, HK$15,60, as also were Australian pounds at HK$11,20,

Piastres were stationary at

HK$11.90 a 100.

Ticals at HK$27 2 unchanged.

durly ported that production

ESSEN CRASH

the first half of the

Essen, October 13. calendar year of 1949 totalled At least 42 were injured at the 471,866 vehicles compared to main railway station here today 100 were 170,054 units produced in the when an express collided with a

first half of 1948. During August, locomotive.

NEI guilders opened at HKS-1949, Japan produced (122,795 Two of the injured are in a 25.20 a 100, and closed at $25.10. units-United Press............

serious-condition ---Reuter,

Pacific Far East Line, Inc.

DIRECT

Fast Regular Trans-Pacific Service

SAN FRANCISCO, LOS ANGELES

SAILINGS TO NEW YORK, BOSTON, BALTIMORE, PHILADELPHIA via JAPAN & PANAMA CANAL.

“PIONEER-LAKE".

"PIONEER SEA"

.Arr. Oct. 22 Sail Oct. 24 Oct. 28. Oct. 2 Nov. 8

... Nov. 23 ... Dec. 1

For rates, special information call

UNITED STATES LINES Queen's Bldg. COMPANY. / Tel/31251

The xheng, Hat Indianion the seinzipal ports of juding vil kachases (us persently introduð, hei nad: their rotation. For further informas

times jubedule at the Company's. Oflice...'/

“GREAT ·REPUBLIC”

~PACIFIC BEAR”.

"SEA SERPENT

San Francis

· Suzi Frandace

“CALIFORNIA BEAD",

· San Prancisco

Sex Prendaci

OVERLAND NEW TOZK-CHICAGO-DETROITBUNTO,

KONTREAL AND ALL AMERICAN &-CANADIAN CITIES.

Ball

Oct

San Francisco & Los Angeles:

San Franciace & Los Angeles

vin Kobe & Yokohama. Bax Franden & Lac 'Angeles ·

Folly Refrigerated Accepts Dry Orzo East Bound.

vis Kobe & Yokalama.

· Ben Fruscianco & Los Angeles,

for qui particulars call Generiă Agentă,UNIZED STATES LINES CO. Qaven's Bidz. Tel. 31251

15.70. 15.59 bid. Spet No. 1 ribbed smoked sheets 16- nominal Associated Press.

LONDON STOCKS

London, October 13.. The stock kmarket showed mixed reaction today to the official announcement that Bri- tain will have no general election this year. Government bonds rose. Some industrial-stocks feil. Financial Times Inder 105.4- Associated Press

Notice To Consignees

$.5. "HEWSANG”. Consignees of cargo by the above vessel which arrived in Hong Kong from: Calcutta- on the 13th October 1949, are hereby notified that owing to the very serious..congestion of public godowns, cargo will be landed frito Private Godowns by us at the sole risk and ex- pense of the cargo.

No insurance will be arrang-

ed by us and consignees wish- ing to ascertain the exact

.:.

"President Johnson"

VIA MANILA, SINGAPORE, COLOMBO, KARACHI, SUEZ PORT SAID, ALEXANDRIA, NAPLES, MARSEILLES, GENOA, NEW YORK and BOSTON

.................Arr. Oct. 20 Arr. Nov. 4

TO JAVA & STRAITS

"President Polk" "Mount Davis"

"President Johnsan

Opposite Star Ferry

Arr. Oct. 21

Salls Oct.

Sails Nov.

Sails Oct. 21 Tel. 28172/530

BEN LINE

SHIP

"BENAVON”

"BENNEVIS" *“BENWYVIS” "BENVENUE” "BENLEDI" "BENLAWERS" “BENRINNES” *“BENARTY"

"RENVOELICH"

SHIP

"BENAVONZ

"BENVENUE” "BENLAWERS”

§"BENNEVIS" "BENARTY”

"BENLEDI" ....

"BENWYVIS"

"BENRINNES”

ARRIVALS

FROM

U.K. via Singapore

Japan

U.K. via Singapore

DUR

In Port

In Part.

17th Oct.

-do-

27th Oct.

31st Oct.

-do-

19th Nov.

21st Nov.

-do

23th Nov,

10th Dec.

SAILINGS

LOADING

TO London, Antwerp.____K/Wharf Rotterdam, Ham- 30th Oct.

23rd Nov. burg & Hall

Liverpool, Glasgow, Buoy A-10 Dublin, Havre, Ant- 20th Dec. werp, Rotterdam & Hamburg

Genoa, Liverpool, Glasgow, Leith &

Dublin

Liverpool, Glasgow, Dublin, Havre Hull

• 5th Nov.

&

11th Nov.

22nd, Nov.-

Genoa, London & Leith

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

* Accepts cargo for 'Japan.

Calls at Genoa.

For Further Particulers, Apply To→

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

York Building.

Telephone: 34185.

THE EAST ASIATIC CO., LTD.

M.S. "KAMBODIA"

LOADING ABOUT 12th NOVEMBER for

ADAN, PORT SAID, ALEXANDRIA, ANTWERP, BOTTERDAM, 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, in 16 days Thence San Francisco, Vancouver, Seattle & Portland M.S. "FRANCISVILLE”

ARRIVALS FROM PACIFIC COAST

M.S. "CASTLEVILLE” MIS; “BOUGAINVILLE”

29th Oct

21st Oct 21′′ Nov

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

Location of their cargo should M.S. "CASTLEVILLE” apply to this office. ・・・

JARDINE, MATHESON

& CO, LTD. General Managers; ̈ Indo China S.M. Co. Ltd

· Passenger Accommodatio

Chinese Freight Agents, HOO FOOK PING

King's Building.

Tel 27792.

*22nd Oct

-Baik Oil TaŠETI

Apply

THE BANK LINE

(CHINA) LTD.

THE BANK LINE (China) KAL