1949-10-19 — Page 17

ROYAL

INTEROCEAN

THE CHINA MAIL, WEDNESDAY, OCTOBER 19, 1949.

FINANCE AND

COMMERCE

LINES JAPANESE EXPORTS

JAVA PORTS and MACASSAR

“TJITJALENKA”

"TJIBADAK”

*BOISSEVAIN”

SAILINGS

30th Oct. ..12th Nov.

ARRIVALS

28th Oct. 10th Nov.

MANILA

SAILINGS

8th Nov,

ARRIVALS

"STRAAT SOENDA”

30th Nov.

"TEGELBERG”

.28th Dec.

23rd Oct. 18th Nov.

**TJIKAMPEK**

25th Jan.

8th Dec.

*No passenger accommodation available.

SINGAPORE, PENANG and BELAWAN DELLS

"VAN HEUTSZ"

"VAN HEETSZTM

SAILINGS................ ARRIVALS

.20th Oct.

.16th Nov.

13th Nov.

EAST & SOUTH AFRICA & SOUTH AMERICA

"BOISSEVAIN"

"STRAAT SOENDA"

"TEGELBERG"

*TJIKAMPEKTM*

TO FAR EAST TO BE BUILT UP

Hong Kong Stock Exchange

Singapore, October 17, The United Nations Far Eastern Committee on Industry and Trade agreed today that Japa- nese trade with other Asiatic countries should be built up to its maximum potential. India emphasised, however, that economic re-

habilitation of-Japan-should-be tied in-with. the development of industries in other For Eastern countries.

The United States delegate, Mr. radios and newspapers for com- Another busy day with rates Myron C. Cowen, Ambasador to mercial propaganda, and it every holding steady.

SAILINGS

ARRIVALS

HK COVT. LOANS

8th Nov.

30th Nov.

23rd Oct.

ety Loan 1007an, 3: Loan (3051 & 194) 1643. Ba Lown (1968) 100%,

28th Dec.

13th Nov.

BANKS

25th Jan.

8th Dec.

HK 4 S, Tank 14265, 1420,5ēna.

Calling at Mombasa & L. Marques direct. Transhipment cargo accepied on through B's/L 1a

Dar-Ex-Salaam and Zanzibar.

* No passenger accommodation available.

"STRAAT SOENDA”

TEGELBERG”

TJIKAMPEK”*

JAPAN

SAILINGS

ARRIVALS

3rd Nov.

20th Nov.

20th Nov.

2nd Dec.

10th Dee.

21st Dec.

* No passenger accommodation available.

Agents: HOLLAND-EAST ASIA LINE

EUROPE via MANILA and MALAYA

*MOLENKERK”

"MEER KERK”

SAILINGS

ARRIVALS

19th Oct.

14th. Nov. Early Dec. Early Nov.

Transhipment cargo accepted on through B's/L to India,

Mediterranean and Northern European ports.

"MOLENKERK”

“MEERKERK"

JAPAN

SAILINGS

ARRIVALS

23rd Oct. Early Nov.

13th Nov

Early Dec.

KING'S BUILDING: TELS: 28015 to 28017 Chinese Agents: 82, Connavent-Ro. C.Teus: 31196-25133

DE

LA RAMA LINES

ARRIVING FROM US. ATLANTIC COAST VIA LOS ANGELES & SAN FRANCISCO

*.S. DONA AURORA” m.v. "DONA NATI"

....In Port .Early Nov.

SAILING FOR US. ATLANTIC COAST VIA SAN FRANCISCO & LOS ANGELES

6.5. "DONA AURORA” .(Calls Japan) m.v. "DONA NATI”

(Calls Japan)

Early Nov.

Late Nov.

THE DE LA RAMA STEAMSHIP CO., INC.

"J

(Incorporated la the Philippines)

MARINA HOUSE Telx. 13674–22675-

CHINESE SHIPPING OFFICE

Teis 25738—20158

AMERICAN PIONEER LINE

to and from

Atlantic Coast Parts of

the United States and Far Eastern Ports

NEW FAST CARGO SHIPS

ARRIVALS FROM ATLANTIC

"PIONEER WAVE"

"PIONEER LAKE"

.Oct. 21

Oct. 29

- SAILING-TO-MANILA

"PIONEER WAYE"

.Oct. 22

*PIONEER LAKE"

.Oct. 30

**PIONEER WAVE”

-"PIONEER LAND”.

Oct. 23 Oct. 24

N

#

Nov. 29

*

Dec.

the Philippines, urged member delegate was to start advertising nations to increase food exports organisations from their own to Japan in return for equipment country. " submit we would not they need for Industrial recovery. be Anished here by the end of

the year."

Dr. Sherwood Fine, represent-

for

Lon, Bel £9ED, £20.ing General Douglas MacArthur, Mr. Cowen said he read the Chartered Ban £9 13/16,

said Japan could play an im- messages only

the Com- Mercantile Bank A. 1 3. £RS &

portant role by turning out mittee's information, The Com- manufactured goods from the mittee's shairman said there

Q supply

raw should be no more talk about the

matter.—Associated Press.

Bank

ast Asia 1658.

INSURANCES

Canion las. Jodh

Union Ina. 635b, 645/50am. China Underwriters Slyn, 3. Fire In. 15.

Thorlam NCH.

SETPPING

X.K. & M. Stemmbouts 17m.

Indo China (Pret} 194m. | (Def. 200.

Shells (Beater) 63/201

Unfon Waterboam 216. Asin Nav, CLE.

DOCKS, WHARVES, GODOWNS, De

HR 4 K. Barren 103D.

North Point Wharven član.

Shanghai Eonghew Wharves itn.

H. Docks 26.03. 17.

China Provides 11h. 11. Shanthal Dockyards. Feb, Wheelocks 2

MINING

Rob Mine 6.101.

H.K. Mines ..

LANDS, HOTELS & ALDGS,

H. & S. Hotels 10520; 107

H.K. Landa Siz.

Shanghai Landa 2158.

Humphreys 10b.

H. Realin 1.705,

Chinese Extazas 14ña.

PUBLIC UTILITIES

H. Tramway. 15.56b, 100, 160. Penk Trama (Qld) 1kr.

H

(New) ch.

Star Ferries 87D,

C. Lizbta

----Õ3⁄44; -11.7Gb, 11.996, 21,76/STOR ||

(Kew) 210h, 820s, 6.90/50/,80%K. -

H. Electrics 1955, CLM.

Macao Electrics 1lyn.

Sandakan Lights a

Telephone 178, 13, 14,

Shanghai Gas 2n.

INDUSTRIALS

Cald. Mack, HŬrd x 23.5°n.

Canion or 3.5

Cement 12b, 19an

H.K. Ropes 13h.

STORES, Ele.

Far East's materials.

The United Kingdom delegate, Mr. P. J. H. Stent, said under a Dew agreement

the between sterling areas and Japan, Japan would import £55,000,000 worth of materials and export £15,000,- 000.

The meeting was marked by

a charge from the Soviet dele. gate; Mr. S. S. Nemtchina. Ambassador to Thailand, that

EXCHANGE RATES FOR MERCHANTS

Sterling Area Trade Paci With Japan

Singapore, October, 17. Japan will import £55.- ,000,000 worth of goods from the Sterling Area and expert

£45,000,000 worth

under i

new trade agreement now be- ing prepared, the Industry and Trade Committee of the Economic Co-Operation Ad- ministration's Far Division was told today.

AMERICAN. PRESIDENT > LINES.

The Global Fleet

TO HONOLULU & SAN FRANCISCO

via JAPAN

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

Arr. Nov

4

Sails Nov. 5

Arr. Nov

4

Salls Nov. 5

„Arr. Nov. 29

Sails Nov. 38

TO SAN FRANCISCO & LOS ANGELES

"President Madison" *President Pierce" Esatera

The Committee agreed that Japan's trade with the ECA Far Eastern region should be developed as much as possi. ́ble" för "the"Befèfter"alt"'coun...

tries in the area-Reuter.

New York Stock Exchange

New York, October 17. The stock market lost fractions to more than two points in its sharpest set-back in a month. In- treased profit-taking helped part the market down.

Shares were down right from the start, especially in the gold group.

Benguet Consolidated Mining ran counter to the trend, closing up 1/8 at 2-1/4.

Rails were hardest hit of the Like most other groups they closed above the day's lows.

Kerved merchant rates, ka sapplied by major groups.

the U.S. was using the ECAFE❘ the Chartered Bank:- session for advertising and commercial propaganda.

Only For Information

He was referring to Ambus- } sador Cowen's reading of mes-

Kazinum Being

Kini Baylig

STMET:

2/25/8

131/32 T.T. JA OD.

1/3 1/21 30 dis, 2/31/16 6290 d ́I. 12 3/12 150 dja

sages from the International Ar- stering (ES Africa: bitration Association and Amer- ican Arbitration Association, both private agencies, who offer-

ed their help in trade disputes.

Mr. Nemtchina said there were

Money Market

US dollars remained weak yes- terday, opening at HK$5.99 and closing at $6.012.

t

TT was put through between HK$6.95 and $6.0%,

Radio and televisions were er- ratic, finishing with fractional The market's lusses and gains mol active issues-Emerson at

18 and Magravox at 11—were up Admiral was off at 23-34. Oils moved without concerted direction but all closed lower. 11/10.D. if under

One thousand and seventy-one 1/Credit issues were traded, Seven hun- 1/4 1A UD, without

dred

Vitty-four and

declined, L/Credit one hundred and thirty-seven 1/32nd up MITY

advanced. Volume totalled 1,130,- 02.000 shares.

Dow Jones Averages: Stocks Credit 66.24 20 Industrials 164.72 15

Pails 48.54. 10 Dalities 38.20.

Sterling (W Africa & W Indies):

1/2 1/3 1/4 O.D. if ander

1/13/18 0-0, withwes

L/Credit kind. up every

30 //1.

Rupees (India): 82 9/16

67 976 TT. $3 13/16 0.0.

Sterling was weaker at HKS: Razers (Ades 15.53, while Australian pounds

Dairy Farms 28141, 3, 29/10 Sained another five cents to Giuse

Watsons ab. 423x, 4112/42aa

1. Crawford 16.

Sincers X.D. 4.49.

China Emporium Su

Sen Co., Ltd. 225.

Keone Sans Home viên. Wine On H... Was. Towell, L. 9.

.

MISCELLANEOUS

China Extertainments. Jin, HK. Constructiona (018) 2.30.

(New in

Vibro Pilings län. Mazza inventare 9/en. Manoman (RK) 2n. Eharkai Los A Yangtzscb.

COTTONS

Ewab, 8.15.

RUBBER, EX. COMPANIES Alma Estaler in. Asco Uutch 30.

"ÁngtonForx#"""*.

Zara Anessa

Bate Plantationu 25.

Chemor United 4.

Cheng Rubbers in. Consolidated Rubbers in.

Dominion Rublers In.

Langkaw In. Repak Rubbers i Robber Trusla So

Semaran" "RIEL***

Semamba Rabbera n. Shanghai. Kedaka in. Shanghai-Malays 12m, Shanghal Sumatra in. Scagel Dark 184. Tanah Mersin (691. Tebong Rubbera „49%. Zingbe Rubbers in.

LONDON STOCKS

HK$11.90.

53 18/16 & 30 die.

$4 1/16 60 da. FA /

Closing quotations:

Adams Express..

Alaska Junent

American Can

American phone

American

Aman Tobacco

American

merican Waterworks American

via JAPAN

....... Arr. Oct. 26.

Salls Oct. 27

. Arr, Nov. 8 Salls Nov. 9

TO NEW YORK, BALTIMORE & BOSTON

.

vio PACIFIC COAST & PANAMA

"Marine Snapper"... "President Johnson'

Arr. Oct. 30 Sails Oct 31 Arr, Nov. 29 Sails Nov. 30

ROUND THE WORLD

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

"President Folk" "Mount Davis"

Arr. Oct 19

Sails Oct. 20

Arr. Nov. 4

Salls Nov. 5

TO JAVA & STRAITS

"President Johnson

Opposite Star Ferry

Arr. Oct 23.

Sails

Oct zi

Tel. 28112/5.

BEND LINE

SHIP

"BENNEVIS" **BENWYVIS"

“BENVENUE"

"RENLEDI" "BENLAWERS” "BENRINNES” *"BENARTY”

"BENVORLICH”

ARRIVALS

FROM Japan

U.K. via Singapore

SAILINGS

TO London, Antwerp, Rotterdam, Ham-

DUE In Port

In Port

zith Get.

31st Oct.

. 19th Nov.

21st Nov.

28th Nov.

10th Dec.

LOADING 30th Oct

Mard Nov.

SHIP "BENVENUE”

"BEN LAWERS”

21

burg & Hull

3%

96

"BENLEDI"

Genoa, Liverpool,

Glasgow, Leith &

Dublin".

5th Nov.

"BENWYVIS"

Liverpool, Glasgow,

Aviation, Corp.

Anaconda Copper

L.Credit.

Baldwin Locomotive

27%

9%

Dublin, Havre Hull

&

11th Nov.

34 5/16 0:D.. without

Le Credit

Barnsdall

50%

Bendix Aviation

31%

S 13/16 30 % 50 d's.

Bethlehem Steel

*BENRINNES”

"BENARTY"

Genoa, London Leith

&

22nd Nov

Bocing Aircraft

Borden Cc.

Canadian Pacifc

Chrysler

Colgate

Commercial Solvents

829/64 3/16 O.D. I under

Piastres were again unchanged Rupees at HK$11.90100, as were Ticals

HK$27 a 100.

NEI Guilders HKS24 20 a 100.

were easier at

JAPAN BUYS

U.S. COTTON

New York, October 17. The American Cotton Shippers Association reported today that Japan entered the market for to 60,000 bales of U.S.

50,000

cotton.

(Rangoon):

12 9/16

53 3/4 T.T. B4DD.

$4 1/87 17 CL

40.

84 1/4

Rapers (Pakistan):

BON

Straita

U.S. Dollars:

57 15/16 1.7. LS O.D.

:

55 1/1 34465% áfr.

53 1/16 TT. & .D.

33 9/16 JU & 60 6/1.

17 3/8 60 & P9 L

#39 1/4 T.T. & O.D.

17 5/16

17 1/2 T.T. & OD.

I 9/16

ja,

Canada:

19 Anetralia:

1/6 7/8 O.D.

through January. New Zealand:

1/4 1/3 T.T.

2/2/16 0.0.

It is wanted for shipment from November

Prices are to be based on May 1/4 1//k futures.

Cotton futures sank under mo-

N.B.--String Selling Rates for deli-

derate pressure and turned weak wy within two mostbe with, a cat về

in the final hour, closing 30 to 1/2 for wery

1.20 lower

May 29,50; July 23.04-051 October 27.99; Middling Spot 30.22 nomin- al-Asociated Press.

The

CHIFLEY ON THE POUND

forward..

further three months

GOLD RUMOURS DENIED

The rumours, circulating - in both Congressional and financial

Washington, October 17. The United States Secretary of State, Mr. Dean Acheson,, today authorised a firm denial of re- Canberra, October 17.

ports circulating In’Congress that Australian Government

the United States had agreed London, October 17. has not considered any upward

was duil revaluation The stock market

of the Australian with Britain to devalue the dollar today, reflecting tears that the pound in relation to the dollar, and raise the price of gold. Government's Dew economic Mr. Joseph B. Chifley, the Prime policy will bring more tax in- Minister, said here today. creases Industrials and Govern- He was commenting on re- circles, had said that the Secre- nent bonds were lower on small ports tram the United States that tary of the Treasury, Mr. John sales. Oils followed the down- Australia intends to increase the Snyder, reached agreement with ward trend. Industrials, except) value of the Australian pound the

British Chancellor Rod Cables

Caumont, closed against the dollar.

of the Exchequer, Sir Stafford Cripps, lower, Cables and Gaurmont gain- The rate since the general during the latter's visit 10W- ed fractionally

sterling devaluation has been shington for a return to the gold Financial Times" index 103.8, $2.24 to the Australian pound. standard, by the two countries off 1.1.--Associated Press.

Reuter.

within two months-Beuter.

Pacific For East Line, Inc.

Fast Regular Trans-Pacific Service

DIRECT

· KAN FRANCISCO, LOS ANGELES.

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

Arr. Oct. 21. Sail Oct. 22

"PIONEER LAKE” .... ..... Nov. 8 "Nov. 10

*PIONEER SEA”

* Calls at Port Pirie, Adelaide, Melbourne & Sydney

For rutes, special information coll

UNITED STATES LINES

Queen's Bldg. COMPANY

The above hit tukiculas. the principal prets of saiding and. Kinchaera

́as promatly friendul, but not their retaliwa. Far further Informa

Klow von schätzle, as the' Campexr's - Offene...

"SEA SERPEKT"

OVERLAND NEW YORK-CHICAGO-DETROIT:TSKONTO, MONTEFAL AND ALL · AMERICAN & CANADIAN CITIES,

Tel. 31251

"GREAT REPUBLIC": ↑

"PACIFIC BEAR”

“CALIFORNIA "HEAD"

Gan Franciaen

San Francisco

San Franciscs

Ban Francisce

te:

Nov. 11

Oct-

·Fan Prantiacé à Los Angeles.

Back Francise & Lag Angales

via Kobe & ̈Tokohama. „San-Franciaes & Los Angeles'

via Kahe & Takakama.

Fully Ecfrigerated Accepts Dry Cargo East Bound,

Fon Franciaen & Deá Angeles,

For full particulars call General Agents UNITED STATES LINES CO., Queen'» Bldg. Tel. 21231 -1

JL. Case

محمد

Corn Products

Du Pont

Eastman Kodak

General Electric

General Motors

Goodrich

Goodyear

20th Dec.

Liverpool, Glasgow, Dublin, Havre, Ant- werp, Rotterdam & Hamburg

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

• Accepts cargo for Japan.

For Further Particulers. Apply To-

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

Agents

THE EAST ASIATIC CO., LTD.

Telephone: 34185.

York Building.

Homestakse Mining

48

International Harvester

28

International Paper

61

International Tel & Tel

872

ons Manville Johns

42

Kennecott Copper

77/2

51%

21

323

S.S. "SERAMPORE'

New York Central Packard Motors

10/2

3

Pan American. Airways

84

Pennsylvania PR

Montgomery Ward

National Distillers National Lead

Radio Corp

Remington Rand

Steel Republi Tobacco

inthenies

Shell

Roebuck

Oil

Socony Vacuum Southern Pacific Standard Brands Standard Oll of Calif Standard Oil of N. J. Studebay Union Bag

Union Carbide;

US Rubber

US Steel

US Lines

Westinghouse

20

23

26

40%

234

15%

28

Youngstown Sheet & Tube 68% Gen. Pub. Utilities

15 -Associated Press,

ISRAELI POUND

Tel-Aviv, October 17. A-Fuggestion that the Israeli Pound should be devalued to between $2 and $2.20 from the existing $2.80 is understood in usually reliable quarters tonight:

be under discussion by Trea sury officials here,

to

The devaluation of the Israeli Pound in terms of dollars will, it is hoped, provide an incentive for American investors and at- tract American tourists, Reuter,

COTTON CROP

Washington October 17. The United States Department of Agriculture predicted today that Egypt's 1949 cotton crop be$1,616,000 bales of 500 pounds each

This, it said, is a decrease of 12 per cent, from the 1948 estimate despite a 17 per cent increase in

creage Associated Press

for

LOADING ABOUT 30th OCTOBER

«SAN FRANCISCO LOS ANGELES.“ PORTLAND SEATTLE & VANCOUVER

M.S. “KAMBODIA”

LOADING ABOUT 12th NOVEMBER for

ADEŃ, PORT SAID, ALEXANDELA, ANTWERP, ROTTERDAM, HAMBURG, OSLO, GOTHENBURG & COPENHAGEN -

Tanks available for the carriage of oil in bulk.

THE EAST ASIATIC CO., LTD

Queen's Bldg., 2nd finor,

Tel. 34111 & 54112

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” M.S. "BOUGAINVILLE”

29th Oc

22nd Oct

21st No

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

M.S. "CASTLEVILLE"

Passenger Accommodation

Chinese Freight Agents,

·HOO FOOK PING

Kings Building

26th Oct

Balk Of Tanks

THE BANK LINE-

(CHINA) LTD.

Tel 27792 - THE BANK LINE (Chma) Lt