1949-10-29 — Page 14

ROYAL

|E INTEROCEANI

LINES

JAVA PORTS and MAGASSAR

SAILINGS ARRIVALS

1st Nov..

15th Nov. 3rd Dec.

"TJTJALENGKA”

"TJIBADAK

“TIITJALENGKA"

MANILA

"STRAATSOENDA”

"BOISSEVAIN”

"TEGELBERG”

"TJIKAMPEK**

SAILINGS

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

10th Nov. 29th Nov.

ARRIVALS

10th Nov.

8th Dec.

*No passenger accommodation available.

SINGAPORE, PENANG and BELAWAN DELI

*TJITJALENGKA"

"VAN HEUTSZ”

TJITJALENGKATM*

* Calling Singapore only.

VSAILINGS--5 ARRIVALS

1st Nov.

In Port

19th Nov.

3rd Dec.

12th Nov. 29th Nov.

EAST & SOUTH AFRICA & SOUTH

"BOISSEVAIN”

"STRAAT SOENDA"

"TIGELBERG”

"TJIKAMPEK**

+

་་

AMERICA ARRIVALS

SAILINGS

8th Nov.

30th Nov.

29th Dec.

25th Jan.

10th Nov. 8th Dec.

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

- Dar-Es-Salaam and Zanzibar.,

* No passenger accommodation available.

"STRAAT SOENDA"

"TEGELBERG"

TJIKAMPER"*

TEGELBERG"

JAPAN

SAILINGS

ARRIVALS

.9th Nov.

24th Nov.

12th Nov.

24th Nov.

10th Dec.

21st Dec.

15th Dec.

26th Dec.

* No passenger accommodation available.

Agents: HOLLAND-EAST ASIA LINE

EUROPE via MANILA and MALAYA

"MOLENKERK"

"MEERKERK”·

SAILINGS

9th Nov.

ARRIVALS

....Early Dec Early Nov.

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

Mediterranean and Northern European ports.

"MOLENKERK”

"MEERKERK”

JAPAN

SAILINGS

ARRIVALS

Early Nov.

8th Nov. Early Dec.

KING'S BUILDING: TELS: 28015 to 28017 CHINESE AGENTS: 82.Connaught Ra.C. Teis: 31196-25133

DE LA

RAMA LINES

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

m.y. "DONA NATI"

m.v. "TONGHAI"

7th. Nov. ...Late Nov.

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

m.v. "DONA NÁTI” .............(Calls Japan)Late Nov.

THE DE LA RAMA STEAMSHIP CO., INC.

(Incorporated a the Philippines)

CHINESE SHIFFING OFFICE Tels, 2372820153

MARINA BOURE

Tels. 23676–22675

AUSTRALIA-WEST PACIFIC LINE

EXPRESS SERVICE

"CITOS"

Loading 31st October

for

Brisbane, Sydney, Melbourne, Adelaide

Manila and Rabaul

Transhipment cargo accepted for Fiji and New Zealand

DODWELL & CO., LTD.

General Agents

Tel. 28021/8

"WEEKLY CHINA MAIL"

CONTAINING ALL THE LOCAL NEWS

OF THE WEEK FROM THE

“CHINA MAIL” & “SUNDAY HERALD“

Price 50 Cents

ON SALE EVERY THURSDAY.

THE CHINA MAIL, SATURDAY, OCTOBER 29, 1949.

FINANCE AND

COMMERCE

ECONOMIC UNITY IN EUROPE ESSENTIAL

Hong Kong Stock Exchange

Tabre has been a fair forn-over this week, and rates established week at the beginning of the have kept remarkably steady. Market at the close has livered! ** with 1.23 improvement prices.

EK. GOVT. LOANS Loan 100 Plus int. 34% Low (1934 & 1943) 2008 3) Lowa (1948) icon.

BANKS F.KS Bank 140, 1485,790ER,

(Mon. Reg.) £41;n. Chartered Bank 50 127150 Mercantile Bank A. & £ Hank East Asia 100,

INSURANCES

Carion 173. Zcbn.

Union Ins €76b. 690a, 650sa, Chinx Underwriters Sign. H.K. Fire Ins. 2356

SHIPPING

Douglases 20ôm. H.K & M. Stentonta 11m. Indo China 1Prefa vein,

(De) 0.

Shells (Besar) 64

Lafon Waterkanta Ata.

Ai Nav. lib.

DOCKS, WHARVES, GODOWNS, ELL HR & K Whorem Icfb. 1. North Point Wharver Jik Shanghai Hongkow Wharven 101. E.K. Docks 1940. 18/79'era Chiruvidania Ild, van, Stanchal Dockyards rù, SAI.

A'banInch 29th, 200, 20

MINING

Raub Mine 5.654.

H.K. Miamiem.

LANDS. HOTELS & BLOGS

H. S Hotels (18, 1926, 1014. M.K. Landa. Zan

Shanghai Lands 2.505, 2atısa,

Humphreys 164

MK, Reollies 2.105.

Chinese Estates 34°n...

PUBLIC UTILITIES

in

IX. Tramways 16.40%, 1854, 16.20/1⁄2. Peak Trams (ul) 15.

(New) 100,

Star Ferrine Sch.

C.Asch:

(New) 12.1Gb, 184, 12.30/.Cika

(New) 5.6th, 3.5x, 93%/Gent.

H.K. Electrics 32, 135, 12/221;a.

Haean Bertries 33% x.

Sandakan Lights Sn

Telephones 155, 15,751230 Shanghai Gas 1995.

INDUSTRIALS

Cild, Xarm, 1014.) 25.500. Canton Tew 3. Cemenia Zib. Zia. ILK. Ropes 131⁄2,

STORES. Ele, Dairy Farms (21), REEF 12 Watsons 48, 669, 44%/60900

Crawfords Isb.

Sinceres 4.0.

China Emperium &ch.

See Ca, LA MAKA.

I won Sang Hong tòa

Wing On (H.K.) 52n.

W. Powell, Leł. 9».

MISCELLANEOUS

China Entertainments. No.

HA Constructions (Old) 2.40%.

(New) 1200.

Vibra Filios 15.

Marman Investments 9/in.

Markman (HK) 24.

Stanghal Loan Lin

COTTONS

Evon 6%. 74, 135/2004,

RUBBER Etc. COMPANIES

Alma Estaten 24a.

Anglo-Dutch 3.

Aarlo-Java E. Belu Anam

.490.

250.

Bete Pantaisoma za. Chemor United .40s. Cheng Rubber Consolidated Rubbers 1a, Dominion Enbbery In. Langketa in. Repah Rubbers 200. Rubber Trate Zn. Samagaga Hubbers $50. Semamba Rubbers 256. Shanghai Kedahg 1ìáh Shanghai-Melayu 12n. Shanghai Sumatras in. Sungei Detis 1512m Tanah Merah 502. Tebong Rubbers Ale. Zing Rabbers in.

FORD PENSION PLAN

Ford

Montreal, October 27,

New York Stock Exchange

New York, October 27.

Mr. Paul Hoffman, Economic Co-Operation Ad- ministrator, today declared that higher pro- ductivity alone was not a solution to durable The stock market scored its European recovery and called on Western card successive advance today. Europe to achieve economic unification within three days, the market value out undue delay.

increased by of all listed stock once than $1,000,000,000, Volume

He told the Canadian Chamber of Commerce here today was the third highest of that if Western Europe become strong and individual stocks changed hands- prosperous and worked together with Canada the broadest market of the year. hundred and ninety ad- and the United States, Russian Communism Faced

declinete rise

• would be stopped and destroyed in the not appeared to stenahram the hope of quick settlement of too distant future.

the steel and coal strikes although there was no evidence pointing desin that direction.

He spoke of the "Red ter

For" and said that the Krem Jap Price

lin's "ruthless drive" for power must be contained, in the first instance, within its present boundaries.

He said he could not see how the Kremlin could even hold whet it had now, unless Communism conquered Western Europe to get the steel, coal and all of Western Europe and the Near East and the SKILLS

of Western Europears, which Russia needed.

In his opinion, the Kremlin could not even succeed in conso-

lidating net

her present position such resources and skills denied her.

If

were

He asked his audience to re- member that Russia's conquests had been conquests of overwhelm- majorities by minorities and Given any kind of a break said. these majorities will assert them- selves anew.

"When the break will come no one can predict with cer- tainty. Perhaps it will be ati Stalin's death because be is the only Russian leader who com mands the respect of both thei colonels and the commissari.”

Single Market

In order to win against the ideology and the godlessness of Russia, the free nations must winį on the economic front, Mr. Hoff- man said.

He told the Chamber that it was in Europe's own interest to create a single market of 275,000, 000 consumers and declared that

سفر

Order Gets

UK Criticism

Arthur's

London October 27. General Douglas Mac- order 'abolishing floor prices for Japanese ex- ports has produced some eri- ticism in Britain, especially from textile interests.

The "Daily Graphic" said today that both British and today Australian textile manufac.

that the order

turers fear means a trade war with Ja- FAR dernite General Mac- Arthur's Instructions that da- panese exporters should not - violata fair trade practices.

Board of Trade spokesman said that the question le stlji under discussion by the Board of Trade, the Foreign Office and the Treasury- Associated Press

BANK ADVANCES TO ISRAEL

dividends

Extra or Increased and a number of good earnings reports helped sustain the mood. A total of 126 issues reached new high

One stock-Chesapeake and Ohio-touched bottom, recovered slightly and closed lower at

AMERICAN. PRESIDENT LINES

The Global For

TO HONOLULU & SAN FRANCISCO

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

via JAPAN

Arr. Nov

Sails Nov. 3

Arr. Nov. 4

Sails Nov. 5

Arr. Nov. 29

Sails Nov. 30

TO SAN FRANCISCO & LOS ANGELES

"President Harrison" "President Pierce" "President McKinley"

vio JAPAN

.... Arr. Nov. 5

Sails Nov. G

...Arr. Nov.

8

Sails Nov. 9

... Art. Nov. 27 Sails Nov. 28

TO NEW YORK, BALTIMORE. & BOSTON via PACIFIC COAST & PANAMA

Marine Snapper"

Sails Oct. 31

President Johnson" Art Nov. 29 Salls Nov 30 ROUND THE WORLD-

VIA MANILA, SINGAPORE, COLOMBO, KARACHII, SUEZ. PORT SAID, ALEXANDRIA, NAPLES, MARSEILLES, GENOA, NEW YORK and BÓSTON

Arr. Nov. 4

"Mount Davis"

Mount Mansfield"

Ars. Nov. 11

TO JAVA

& STRAITS

26

20 Industrials

Dow Jones averagest Stocks

67.79

190.36.

"President Fillmore"...

Opposite Star Ferry

Arr. Nov. 18.

*49.10.

39.81.

1 Rails

10 Utilities

Closing

quotations

Adams Express 32

Alask

Juneau 37%

American Can 98%

American Smelting 49 American Telephone 144 American Tobacco "734

Waterworks &14

Amarisan

Anscenda Aviation Com

5% Baldwin Leccraptive 10. Barnsdall 5214 Barnsdal 52 Bendix Aviation 334

Bethlehem Steet: 284 Boeing Aircraft 25% Borden Co. 4714 Canadian Pacific 14 Canadian F

J. 1. Case 424

Chrysler 54%

Colgate 42%

Commercial Solvents 175

Products 65%

Cam Por

Du Pont 575%

Eastman Kodak 45%

General Electric 38 General Motors 67 Goodrich 12 Goodyear 40

Mining 494

anal Harvester 23

International Paper 65 International Tel & Tel 9

Washington, October 27. The Export-Import Bank has extended to Israel US$20,000,- 300 more from the original

Johns Manville 42 that Europe $100,000,000 credit for use in financing industrial projects. This has brought advances to

it was only within the framework

economic unity could become truly self-support- ing

Mr. Hoffman called on Britain, Israel by the Bank to $73,350,- the United States and Canada to 000. refrain from imposing restrictions

This credit of $20,000,000 is for which would retard the Bowfinancing purchases in the United

to

the Western

temis-

asserted

imports phere.

Mr. Hoffman

that Europe will this year eam

States of equipment, materials | and services designed to contri- bute to Israeli industriad develop-i

US$4,000,000,000 less than it must Bank said a considerable

spend in order to buy necessary ixports.

The Problem

number af small firms in Israel would receive credits, including firms engaged in food processing. Mr. Hoffman said that the pro- textiles, chemicals and phar- gress of Marshall Plan countries | maceutical products, and working was going according to schedule, and building. materials-United but added that heavier output of Press. commodities is not enough to put

Western Europe on its economic

fest

OXD

Europe must in its

in- terest achieve without undue delay economic unlication which

create a single market of

Money Market

the 275,000,000 consumers, for US dollars opened yesterday at

whom

mamdacturers European

HK$6.06 and closed at $6.07%

and farmers can sell frealy" he These were the lowest and highest

said.

European productivity has in- creased to the point where the problem now is to sell rather than turn out the goods, he went on. -Retter and United Press.

JAP TRADERS FOR EGYPT

Two

Tokyo, October 27,

rates of the day.

T was put through from HK$-

6.13.

Sterling went up-five cents to BE#76.66

um-

2 pounds wers at 1X 12.20. Plastres were again quoted no- minal at KSILO 1 103.

Ticals at HE$27 100 were unchanged from the previous day VET Gallders opened at HK

42

Kennecott Copper Montgomery Ward 52% National Distillers 21 National Lead 23 New York Central 10 Packard Moters 3%

Pan American Airways 9: Pennsylvania RB 144

Corp. 122

Radio Co Real Silk 11 Remington Rand (10%

Steel 22

Bermolds Tobacco 39

Schenley 291% Sears Roebuck 43 Shdi Oil 40

Shell

Socony Vacuum 17 Southern Pacific 451

Standard Brands 22

Standard Oil of Calif. 97%

Oil of N. J. 73

Union Carbide 41

US Rubber 35%

US Steel 2534

US Lines 1%

Westinghouse. 294

Youngstown Sheet & Tube 6911⁄2 Gen Pub. Utilities 15%

AssociatedPress.

LONDON STOCKS

London, October 27. British Government bonds 00- tinued a week-long slump today. Heavy selling forced thousands of pounds off the value of gilt- edged securities. Four per cent Consols

£1-1/4 to dropped

Japanese traders will 2460 a 100 and closed at $25 £300.15 At one time-this year,

leave for Egypt soon to represent

the Nichimin' Jitsuğya Campany and Gosho Company)!

The Egyptian

Tokyo,

Government,

through the British Mission in has granted permission for the two Japanese companies to send their representatives (to Egypt United Press.

U.S. BUDGET

Washington, October 27.

`UK AVIATION ́ INDUSTRY

they were worth £110-5/8. War lean 3-1/2 per cents fell 7/8 to

£89-1/2,

The Treasury's 2-1/2 per cent bonds were off 1/4 at 66-3/4. Par for each issue is £100.

Financial Times index 101.1, off

London, October 27. Britain's growing aviation in-1.8-Associated Press. dustry exported more in the first aine months this

1948.

- year than all of Society of British

The United States Federal bus- Aireral Constructors szin foreign

get for the next fiscal year will cales. through September exceed-

tonight

Detroit, October 27,

be between $40,000,000,000 and ad £26,000,000 £1,000,000 over workers have accepted $45,000,000,000, Mr. Frank Pace, last year's total The announce the company's $100 a monu United States Budget Director, ment said This is at an annual **** rate of £35,000,000 well ahead pension plan, the first in the disclosed- moter car industry.

Mr. Pace said that the selling of the industry's 1949 target of

military

litary expenditures for the £38,000,000.-*** Applying to

Most expor Ford's 115,000; next fiscal year, had been set at

were jet and production workers the plan is $13,000,000,000 excluding Items propeller driver warplanes and estimated to cost the company for stock-piling and foreign mili- piston engined transports--Asso $20,000,000 a year. Reuter, tary aid. Reuber.

"PACIFIC BEAR” "PHILIPPINE BEAR" "SEA BERPENT" 4 *CALIFORNIA BEAR"

“SURPRISE”

ciated Press.

Pacific Far East Live Juc.

Fast Regular Tramp-Pacific Service

LOS ANGELES

Frym

San Francisco

Ban Francisco

Esa Franciaco

Sea Fresclare

* San Fernchen

UVERLAND

NEW YORK-CHICAGO-DETROIT-ZUBONTO, MONTREAL AND ALL AMERIGAN & CAMANIAN CUZZI,

NOT,

Ban Francisco &. Los Angeles Hola Kobe & Yokohama,”

Yokohama

San Franēžas & Los Angeles. Ban Francisci & Der Lagrios

* Fully Refrigerated Accent Der Cozzo East Sound, t

particulars est. General Agente.

BILOTA, IL25)

NY COTTON

New York October 27. Catton closed 40 to 65 lower.

December

March

May

July

October

Middling Spot

-29.76.

29.76 -- 77,

29.74-75.

29.33,

27.83.

40.31 cominal. Associated Press.

GRANT TO UK

Washington, October 21.

The Economic Co-operation Ad- ministration today granted Britain US$8,000,000 for the purchase of 6,560 metric tons of American fine cured tobacco.

Delivery will be carly in 1950. Associated Press,

Notice To Consignées.

$.3. “CICLOPE”. Arriving Hong Kong on or about 12th November, 1949. All consignees are hereby ad- vised Messrs Hong Kong Eastern Shipping Co., Ltd. are appointed agents.

THE HONG KONG EASTERN SHIPPING .CO., LTD.,

Agents Telephone 32369,

Hong Kong October 28, 1849.

Sails Nov. 5

Sails Nov. 13

Sails Nov. 39

Tel 28172/5.

BEN LINE

SHIP "BENVENUE" "BENLEDI" "BENLAWERS”

"BENRINNES”

*""BENARTY”

"BENYORLICH

SHIP **BENVENUE"

"BENLAWERS”

"RENLEDI"

"BENWIVIS”

"BENRINNES”

"BENARTY”

ARRIVALS

FROM

DUR

„UK. via Singapore

In Port

31st Oel.

19th Nov.

Z1st Nov.

28th Nov,

10th Dee.

SAILINGS

TO

London, Antwerp, Rotterdam, Ham- burg & Hull Genoa, Liverpool, Glasgow & Leith.. ALiverpool, Glasgow, Dublin, Havre & Hall

Genoa, London & Leith Liverpool, Glasgow, Dublin, Havre, Ant- werp, Rotterdam & Hamburg

LOADING

31st Oct.

Zard Nov.

5th Nov.

26th Nov.

22nd Nev.

20th Dec.

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

⚫ Accepts carge for Japan.

† Accepts cargo for Seychelles.

For Further Particulars. Apply To- ̈

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

York Building.

Agents

Telephone: 34185,

THE EAST ASIATIC CO., LTD.

S.S. "SERAMPORE"

LOADING ABOUT 31st OCTOBER

SAN FRANCISCO, LOS ANGELES, PORTLAND, SEATTLE & VANCOUVER

M.S. "KAMBODIA"

LOADING ABOUT 12th NOVEMBER ·

for

ADEN, PORT SAID, ALEXANDRIA, TRIESTE, ANTWERP, ROTTERDAM, HAMBURG, OSLO, GOTHENBURG,

COPENHAGEN GDYNIA, HELSINGFORS, &

Tanks available for the carriage of oil in bulk

THE EAST ASIATIC CO., LTD.

Queen's Bldg, Znd floor.

Tel: 34111 & 84112

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. BOUGAINVILLE“

M.S. “SUNNYVILLE”?

21st Nov.

215 Dec.

23th Nov.

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

M.S. "BOUGAINVILLE“

Passenger Acetmmodation Chinese-Freight Agente, HOO FOOK PING

King's

Balk Oll Tanks Apply

THE BANK LINE

(CHINA) LTD.

ilding Tel. 27792. THE BANK LINE (China) LAL

: