1949-10-28 — Page 12

THE CHINA MAIL, FRIDAY, OCTOBER 28, 1949.

ROYAL

INTEROCEAN

LINES

JAYA PORTS and MACASSAR.

SAILINGS

1st Nov.

15th Nov. 3rd Dec.

"TITTJALENGKA”

"TJIBADAK”

TITTJALENGKA”

MANILA

"STRAAT SOENDA”

**TEGELBERG"

“TJIKAMPEK">

8th Nov. 30th Nov. 28th Dec. .25th Jan.

"BOISSEVAIN”

SAILINGS

ARRIVALS

28th Oct. 10th Nov. 29th Nov.

ARRIVALS

10th Nov. 8th Dec.

*No passenger accommodation available.

SINGAPORE, PENANG and BELAWAN deli

"TJITJALENGKATM

"VAN HEUTSZ”

"TAJALENGKATM*

FINANCE AND

COMMERCE

TEXTILE EXPORTERS

IN THE

New York Stock Exchange

SAILINGS: ARRIVALS

New York, October 25.. 28th Oct.

Like The market hovered around

1st Nov.

17th Novi

3rd Dec.

12th Nov. 29th Nov.

Calling Singapore only.

EAST & SOUTH AFRICA & SOUTH AMERICA

"BOISSEVAIN"

"STRAAT SOENDA”

*TEGELBERG”

"TJIKAMPEK”*

1949 high

on Wednesday

with

numerous key stocks edging up to new highs for the year in a

improved generally

market. 1 Gains ranged from fractions to of

two extreme

around

SAILINGS

ARRIVALS

an

points.

.Sth Nov.

10th Nov.

28th Decr

25th Jan.

10th Nov, 8th Dec.

to settle the steel strike.

all outward appearances. ever, both he steel and strike still were deadlocked.

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

"STRAAT SOENDA"

.9th Nov.

ABRIVALS

23rd Nov.

"TEGELBERG"

12th Nov.

24th Nov.

TJIKAMPER”*

10th Dec.

21st Dec.

"TEGELBERG"

15th Dec.

--26th Dec.

*No passenger accommodation available. Agents: HOLLAND-EAST ASIA LINE EUROPE via MANILA and MALAYA

"MOLENKERK”

"MEERKERK"

SAILINGS

ARRIVALS

9th 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

8th Nov.

Early Nov. Early Dec

KING'S BUILDING: TELS: 28015 to 28017 CHINESE AGENTS: 82. CONNAUGHT R.C.Tris: 31196-25133.

DE LA

RAMA LINES

ARRIVING FROM US. ATLANTIC COAST

VIA LOS ANGELES & SAN FRANCISCO

my. "DONA NATI”

m.v. "TONGHAI”

.7th. Nov.

.Late Nov.

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

m.v. "DONA-NATI” (Calls Japan)

...Late Nov.

THE DE LA RAMA STEAMship co., INC.

(Incorporated in the Philippines)

KARINA HOUSE

Tels. 23676-22876

CHINESE BHIPPING OFFICE Tels. 23735-20153

STATES MARINE LINES

FAR EAST SERVICE

FROM. U.S.A. PORTS

S.S "HORACE LUCKENBACH”

Due 2nd November

Agents

GOURLIE & CO., (HK.) LTD.

Union Bailding

Telephones: 20321" & 31341 -

AUSTRALIA-WEST PACIFIC LINE

EXPRESS SERVICE

"CITOS"

Loading 31st October

for

Brisbane, Sydney, Melbourne, Adelaide

για

Manila and Reboul

Transhipment cargo accepted for Fiji and New Zealand

DODWELL & CO., LTD.

General Agents

Tel 28021/6

U.S. WORRIED

New York, October 25, American textile exporters are preparing protests

MacArthur's against General

action in abolishing floors under the prices of Japanese exports.

John H. Judge, president of the Textile Exports! Association, said that protests are being drafted to officials, both in Washington and Tokyo by-foreign traders who are "highly perturbed" by the action. General MacArthur int Tokyo announced on Tuesday the removal of floor prices on all Japanese export goods in move to stimulate sales

abroad.

The measure is effective today. for all goods except silks, which

until are under price control

Sume quarters linked the im-January 1.

what had the provement with

Mr. Judge said the measure darmarks of a revival of efforts will affect both the American textile industries, From and British how-

making it possible for Japanese goods to be sold throughout the coal world 25 per cent below compet-

ing products.

of the session.

Volume expanded to around). The New York Journal of 1,500,000 shares. Buying interes: Commerce said the removal of get off to a late start, but for prices will have an almost immediate competitive impact prices were just about the bes

upon the world textile market."

Textiles compose about 60 per Highs for 1949 were hit by US cent of Japanese cxports, with Steel, General Motors and Drugs, toys and light machinery Font among others. Jones and counting for much of the ba

lance. Laughlin mace

substantia

The abolition of floor prices on come-back after dropping mon

Japanese exports was one of the than a point on word that th directors had decided to postpone recommendations to General Mac- Arthur by an American Govern- Rail stocks in-. dividend action.

ment mission seeking ways to la- clined to stand back Low-pricecrease Japan's foreign trade and Benguet Consolidated Mining los. decrease the costs of occupation 1/8 at 2-2/8 at one time, with to the American taxpayer. one sale of 10,000 shares at that price, but later recovered.

Stock

Dow Jones averagest 66.3; 20 Industrials 189.08: 15 Rails 48.63: 10 Utilities 28.72.

Closing stock quotations:

Adams Express 21%

Alaska Juneau 3% American Can 96 American Smelting 4814 American Telephone 14414 American Tobacco 38 American Waterworks 3 Anaconda Copper 28% -Aviation Corp 594

Baldwin Locomotive 10% Barnsdall $2

Bendix Aviation 32 Bethlehem Steel 30 Boeing Aircraf: 22% Borden Co. 464

Canadian Pacife 14

J. T. Case 404

Chrysler 54

Colgate 42

Commercial Solvents 17

Corn Products 6314

Du Pont 57*

Eastman Kodak 43

General Electric 37 General Motors 661 Goodrich 65

Goodyear 40

дот Homestake Mining 40% International Harvester 28 International Tel & Tel 9 International Paper 645 Johns Manville 423 Kennecctt Copper 481 Montgomery Ward 52 National Distillers 21 National Lead 33% New York Central 10% Packard Motors 31⁄2 Pan American Airways 91 Pennsylvania RR 14% Radio Corp. 13 Real Silk 11% Remington Rand 10 Republic Steel 21% Reynolds Tobacco. 39%

29

Schenley Sears Roebuck 42%

Shell Oil 3914 Socony Varnim 17 Southern Pacific 44%

Standard Brands 21%

Standard Oil of Cali?-68 -~ Standard Oil of N. J. 73 Studebaker 25%

Union Bag 27

Union Carbide 41%

US Rubber 35

US: Steel 25

US Lines 16. Westinghouse 28 Youngstown Sheet & Tube 70 Gen. Pub. Utilities 15%%%

-Associated Press:

ECONOMIC PACT

Beruit, October 20 An official coramunique tonight reports full-agreement on econo- mic matters between the Syrian delegation, headed by Khaled Azm, and the Lebanese Finance Minister, Queat, unt

2.. The sums reciyable in vir- tue of monetary agreements with France.

The Journal of Commerce today reperted that

Siamese Trading With Japan

Tokyo, October 25. Siam's 'commercial represen- fative in Tokyo, Mr. Suphot Ingarinanda, said $20,000,000 worth of trade was conducted between Japan and Thailand during the past 10 months since the $60,000,000 trade agreement Was concluded between the two countries.

The agreement was concluded. Last December entailing SCAP. authorisation for the exchange of

commercial goods between Thai- land and Japan up to a limit of $50,000,000.

Mr. Inganinanda said he hoped his recent arrival in Japan would result in better liaison for pro- moting large trade between Japan and Thailand,

Reported Japanese exports to Siam thus far included textiles, machinery, corian cloths, cera- mies, vehicles and locomotives.

Japanese Imports from Siam included castor oil, salt, linseed, several teak, rubber and coconut oll- American exporters had found United Press. It expedient to buy Japanese finished cotton goods and have them shipped to the Philip- pines at prices below U.S. goods.

Money Market

There was little change in the market for US dollars yesterday. The opening rate was HK$6.07 and the closing. 56.08. Highest and lowest was $6.06 and $6.08.

"Although these goods were subject to a duty of 15 to 20 per cent while American cotton goods could enter duty free, prices for the Japanese fabrics were low enough to give them a competi- tive advantage," said the Journal. 12

TT was put through at HK$6,

and $1.13.

Sterling was unchanged at HK- "While these initial shipments

also Australian were being made to the Philip-$15.50, as tvere pines, there is little doubt that pounds at HK$12.20. the same goods could be brought into this country, the added.--Associated Press.

paper

Imperial Preference

Piastres were nominal at HXS- 11.90 a 100,

Ticals were unchanged at HKS 27 a 100, as were also NDT Gail- ders at HK$24.30 ± 100.

LONDON STOCKS

London, October 28. Margins of

Preference guar- Selling of British Government anteed to Commonwealth coun- securities led to drops of up to tries in existing Trade Apce two points in gilt-edged prices ments are affected by only two on the Exchange on Wednesday. United Kingdom reductions (cod-

The 1946 2-1/2 per cent Treasury liver oil and bluc-veined cheese)- bonds declined two polats to a These concessions were, of course new low level of £66-1/4 com- offered in agreement with the

issue price of pared with the Commonwealth countries conce£100. Some industrial shares

ed, which were able to claim credit also eased in sympathy with the for the reductions when negotiat Government bonds,

ing with the foreign countries primarily interested.

Oil shares were steady.

Associated Press.

Thei

A certain number of unguran- daily index of stocks was 101.7-- feed preference margins, which were originally accorded in the normal structure and operation of the United Kingdom

SHIP MOVEMENTS

have also been reduced, again in agreement with the Common-

Seattle, October 26, wealth countries con

concerned, The Ship arrivals David C. Shanks most important item is unwrought Yokohama. Ship sailing: Axel which the duty is Salen, Manila; Sonoma, Mel- Canada obtained com-bourne- pensation for loss of the

Prefer

San Francisco, Ship arrivals ence margin on this itexn

wege boy direct Danish steamer, Nikobar-Sobu negotiation with Norway, in Tanker, Mission Puríssima whose interest the concession was Okinawas made. The remainder of the re- Ship sailings: African Dawn ductions which the United King Yokohama British MS Silverash, dom has undertaker, to make in margins of preference are for the Manila Associated Press. most part incidental to reductions agreed in the most-favoured nation rates of duty.

The total vol

value of United

King

dom imports of the common- dities concerned from countries enjoying the preferences was £43 million in 1938,

Notice To Consignees

5.5. "KUTSANG”.

From. Calcutta/Straits

arrived October 24, 1949

Hong Kong Stock Exchange

A quieter day with practically Eo change in rates.

AMERICAN. PRESIDENT LINES

The Global Flest.

TO HONOLULU & SAN FRANCISCO

"President B

"General Gordon" "President Cleveland”-

via JAPAN

TO SAN FRANCISCO & LOS

Arr. Nov .Arr. Nov. ...Arr. Nov. 29-

4

Sails Nov. $

Sails Nov. 5 Salls Nov. 3

ANGELES

via JAPAN

8

3

Lona (1924 a 1540) Toch Lows (7548) 1006.

"President Harrison"

Arr. Nov. 5 "President Fierce"

Art, Nov. 8 "President McKinley" ....... Arr. Nov. 27

Sails Nov. Sails Nov. Sails Nov. 28

9

BANES

BK, GOVT. LOANS Los 13th.

K.K. 5. Bank 1475b, 14SDAM.

(Len R.) si Chartered Bank . Mercantile Bank A. A B C * Basket, Fosk "Ada KADE

INSURANCES

Canton Is.. Zbúni Union Ins 67Ch. 60' China Underwriter Sign, H.X Fire Ins. 213.

Danelases J

SHIPPING

AK. & M. Steamboats in. Indo Chicas (Prof.) $9!..

(Def) Scén, Shella (Benser) 26/38. Union Waterbasto zib, Ara Nay. Fo

DOCKS, WEARVES, GODOWNS. Ett HKK, Wharva 106b, 11, 1÷pJ... North Point Wharves lik Shanghai Hengkew Wharves 1043. HE Docks 17.203, 28*. China Providers 11% n Shanghai Dekyunk 1505, *.*. Wheelocka 21K SÜR

MINANG

Ryub. Mines 3.630. HK Mines Lim

LANDS, HOTELS & BLDGS. H. & S. Hotel 1120h, 11las, 11.3ūka HX. Landı 211n,

Shanghai Lands 2,356. 21 210a. Humphreys TAXES.

RE. Brallies ZIP. Chinese Estates 1495.

PUBLIC UTILITIES

H.K. TramWRITE :

ICE, 16.09. 16.20/10,Cam Peek Tram (Old) 1,

New 10. Star Ferrin Klak C. Lightatt

(Old) 11.25, 1796, 1220/25/2014. (New) 2,238, D'... #25/15,/« FLE Electricm 21%), 10, 3156. Kano Electrica 2014.

Sandakan Lights

Telephones 19WD, 1994, 182, Shanghai Ga 12

INDUSTRIALS

Cald. Mary. (Ord. 15.000. Canton lees Vým Cements 20h, 2012.

R.K. Rupes 14th

STORES, ELe Dairy Farms 626, 478, 41% 12. Watsons 4th, cũa, šim. L. Crawfords: 3755D. Sinceres 4,4ūti.

China Emporiam 8.256. Sun Co., Ltd. 285. Kwong Sang Bang Ma. Wing On (HK) 19. Wm. Powell, Ltd. 05m.

MISCELLANEOUS

China Entertainmenta Tin, EK. Constructions 1013 2.4.

(New) 12ữa,

Vibro Pilinan 15. Marsan Investments 2. Marsmar (8.K.) 2n. Shanghai Loan 1.8. Yangtrus .com.

COTTONS

Eva (26 02/2

RUBBER, E. COMPANIES Alma Estates in Anglo-Dutch, öön, Anxio-Javas In. Exta Astea „KÜN. Bute Plantations 25. Chemer United 4. Cheng Rubbers 20. Consolidated Rubbers in. Dominion Rubbers In. Langkats 10. Erpah Rebbers Ja. Enbber Tria Z3Lt. Samagaga Robbers,830, Semambu Rubbers 25a. Shanghai Kedahs 18h. Shanghal-Malayı 12m Shanghai Sumatra Bengel Duris 131⁄2n. Tanah Meraha on. Tebour Rubbers 4in. Ziangbe Rubbers 1.

Notice To Consignees

5.-S. "YAKA"

Having arrived Hong Kong consignees of cargo are hereby potified that all goods have been landed and placed at their risk and expense into the godowns of the Hong Kong & Kowloon Wharf & Godown Co., Ltdy where delivery may be obtain- ed as soon as the goods are landed.

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

All broken, chated and

The amount of trade, affected by reduction of the margins of preference on goods Imported by The Commonwealth from the Damaged cargo er this vessel damaged goods are to be left United Kingdom is very small will be surveyed in the pre-in the godown where they will indeed, not much more than mises of the Hong Kong & be examined in the presence of £50,000 worth in terms of 1933 Kowloon Wharf & Godown Messrs. Goddard and Douglas trade.

Co., Ltd. at 10 am on Fri on October 31, 1949, at 10 am. day, October 28, 1949... Con-

To comply with the General signees are advised to have Bonded Warehouse Regula their Representatives present tions, consignees must have a during the Survey,

Revenue Officer in attendance that when examining damaged duli-

FOOD INDEX

New York, October 23, The Dua and Bradstreet whole- Consignees are warned

1. The hard currency obtained male food price index, in the claims for damage or shortage able goods. All claims against from the tapline.

sharpest rise in more than two may not be accepted if the the vessel must be presented to years, this week climbed to $5.72 damage is not surveyed by the Undersigned within four- from $5.58 in the previous week. Messrs Goddard & Douglas in teen days of the ship's arrival, It was still below the $5.47 level the presence of Consignees or they will not be recognised. pf a year ago, however.

No fire Insurance will be Leading the foods higher in Representatives at this ap-

pointed time.

effected wholesale prices were collec, beef, Pescos and butter. Also JARDINE MATHESON & was also learned that Leba- higher were our feed-of- wheat, rye,

COMPANY LTD,7 General Mangers, tive security pact proposals sup- potatoes and Lamti. Laver were Indo China Steam Navigation

"beans, pea- plemented by a collective econo- corn, barley, hams

Co. Ltd mic co-operation pact Associate nuts, rice and ed Press.

Press

3. Tobacco rights and railway whole concessions.

non has approved Egypt's collec

WALLEM & CO. Agents, Telephone 34177–9.

October 25, 1949.

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

Marine, Snapper"

"President Johnson"

Arr. Oct. 30 Sails Oct. 31

Arr. Nov, 29 Sails Nov. 30 ROUND THE WORLD

VIA MANTLA, SINGAPORE, COLOMBO, KARACHI, SUEZ PORT SAID, ALEXANDRIA, NAPLES, MARSEILLES,

GENOA, NEW YORK and BOSTON"

"Mount Davis" "Mount Mansfield"

Arr, Nov. 4

Salls Nov. 5

Arr. Nov. IF

Sails Nov. 13

Sails Nov. 19

Tel. 28172/5.

TO JAVA & STRAITS

Arr. Nov, 18

"President Fillmore”

Opposite Star Ferry

BEN LINE

JAUS SEEM TET

ARRIVALS

SEIF “BENVENUE” “BENLEDİ” "BENLAWERS"

"BENRINNES"

DUE 28th Oct.

FROM

..........UK.” via Singapore

31st Oct.

19th Nov.

dom

21st Nov.

-do

-do

*BENARTY”

"BENVORLICH”

SHIP +BENVENUE" "BENLAWERS"

"BENLEDITM

"BENWYVIS".

SAILINGS

то

Landon, Antwerp, Rotterdam, Ham- burg & Hall Genoa, Liverpool, Glasgow, Leith &

Dublja

Liverpool, Glasgow Dublin, Havre & Hull

&

"BENRINNES"... Genoa, London

Leith "BENANTY” Liverpool, Glasgow, Dublin, Havre, Ant- werp, Rotterdam & Hamburg

25th Nov.

18th Dec.

LOADING

31st Get.

23rd Nov.

5th Nov.

20th Nov.

22nd Nov.

20th Dec.

--

vía Malaya, Colombo, Aden, Port Sudan & other way ports.

Accepts cargo for Japan.

tAccepts cargo for Seychelles.

For Further Particularz. Apply To--

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

York Building.

Telephone: 34185.

THE EAST ASIATIC CO., LTD.

S.S. "SERAMPORE"

for

LOADING ABOUT 31st OCTOBER

SAN FRANCISCO, LOS ANGELES, PORTLAND, SEATTLE & VANCOUVER

M.S. "KAMBODIA"

M.S...

LOADING ABOUT 12th NOVEMBER

7

for

.

ADEN, PORT SAID, ALEXANDRIA, TRIESTE, ANTWEEP, ROTTERDAM, HAMBURG. OSLO, GOTHENBURG, COPENHAGEN, GDYNIA, HELSINGFORS, & KOTKA. Tanks available for the carriage of all in bulk.

THE EAST ASIATIC CO., LTD. Queen's Bldg., Z2nd floor,

Tel 34111 𔢐 #

KLAVENESS LINE

SAILINGS

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

29th Oct

ARRIVALS FROM PACIFIC COAST M.S. "BOUGAINVILLE” M.S. UNNYVILLE"

21st Nov. 21st Dec.

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

M.S. “BOUGAINVILLE"

Passenger. Accommodation

Chinese Freight Agents,

·HOO FOOK-PING

King's Building.

23th Nov.

Balk Of Tanks

THE BANK LINE

(CHINA) LTD.

Tel. 21182 THE BANK LINE (China) Líde