1949-11-01 — Page 12

THE CHINA MAIL, TUESDAY, NOVEMBER 1, 1949,

ROYAL

INTEROCEAN

LINES

JAVA PORTS and MACASSAR

“TJITJALENGKA”

"TJIBADAK”

"TJTJALENGKA”

"BOISSEVAIN”

"STRAAT SOENDA”

TEGELBERG"

*TJIKAMPEK**

SAILINGS

1st Nov. 15th Nov. 3rd Dec

MANILA

SAILINGS

8th Nov..

30th Nov.

28th Dec.

25th Jan.

ARRIVALS

10th Nov, 20th Nov.

ARRIVALS

11th Nov.

8th Dec.

* No passenger accommodation avaliable.

SINGAPORE, PENANG and BELAWAN DELI

"TJITJALENGKA'

"VAN HEUTSZ"

**TJITJALENGKA”*

* Calling Singapore only.

SAILINGS

ARRIVALS

1st Nov.

17th Nov. 3rd Dec.

12th Nov. 29th Nov.

EAST & SOUTH AFRICA & SOUTH AMERICA

“BOISSEVAIN”

"STRAAT SOENDA"

*TEGELBERG"

"TJIKAMPEK"*

ARRIVALS

SAILINGS

.8th Nov.

30th Nov.

28th Dec.

25th Jan.

11th Nov. 8th Dec.

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

- Dar-Es-Salaam and Zinzibar,

*No passenger accommodation available.

"STRAAT SOENDA"

"TEGELBERG”

“TJIKAMPEK”*

"TEGELBERG"

JAPAN

SAILINGS

ARRIVALS

.9th Nov.

24th Nov.

12th Nov.

22nd Nov.

10th Dec.

21st Dec.

13th Dec.

24th Dec.

*No passenger accommodation available.

Agents: HOLLAND-EAST ASIA LINE

EUROPE via MANILA and MALAYA

*MOLENKEEK”

"MEERKERK"

"SAILINGS

ARRIVALS

9th Nov. Early Dec. 13th Nov.

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

"MOLENKERK"

"MEERKERK”

JAPAN

SAILINGS -

18th Nov.

ARRIVALS 8th Nov. Early Dec.

KING'S BUILDING: TELS: 28015 r. 28017. Chivist Agents: 82.Connaught Re.C.Tris: 31196-25133

LA RAMA

RAMA LINES

DE LA

ARRIVING FROM USATLANTIC COAST.

VIA LOS ANGELES & SAN FRANCISCO

mv. "DONA NATI”

m.v. "TONGHAI"

7th Nov. Late Nov.

SAILING FOR U.S. 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 Philingin en)

→ MARINA HOUSE

Tela 236722675

CHINESE SHIPPING OFFICE Tela, 23738-29153

STATES MARINE LINES

FAR EAST SERVICE

FROM U.S.A. 'PORTS

S.S "HORACE LUCKENBACH”

Due 5th November

Agents

GOURLIE & CO., (HK.) LTD.

Union Building

Telephones: 20321 & 21341

“WEEKLY CHINA MAIL”

CONTAINING ALL THE LOCAL NEWS

OF THE WEEK FROM THE "CHINA MAIL" & "SUNDAY HERALD":

Price 50 Cents

ON SALE EVERY THURSDAY.

FINANCE AND

COMMERCE.

JAPAN HOPING FOR Lull In U.S. TRADE WITH CHINA Wool Mart

Hong Kong Stock Exchange

The week has opened with some activity and rates have also improved. Ewos, Shanghai Landr and Shanghai Docks have come into favour at advancing prices.

ELE, GOVT. LOANS

4 Lown 100%. Share Loma (1954 & 1940) 1006. 24 Zoan (1948) $^^.

BANES

·

H.A. & S. Bank 34755, 1420% (Los. Beg.) SUZA Chartered Bank £3 13/166, Mercantile,Bank A. & B. £25. Bank of East Asia 1986.

INSURANCES

Canton Ins. 30

Usion In TÜB, EŠÍsa Chinze Underwrkers 5 EL. Fire Iza. 1

SHIPPING

Douglases rom.

R.K. & K. Steamboɛta Ila, Lito Chinas (Pret) 19Ẹ.

(Def. 2001. Shells (Bearer) 65/7!2. -Union Waterboats 25.

Agia Nat. Jib.

A

DOCKS. WHARVES, GODOWNS, EM. F.K.K. Whares 20h.

North Point Wharves Stüb, En

Shanghai Honzkew Wharven. 19b. EK. Docks Nk

China Providenti 11348,

Shanghai Dockyarda 8.8üb, 10%, 6,/920sa. Wheelocks 29.703, 3058.

MINING

Raub Mine 1.556. HK Min 01

LANDS, HOTELS & ́BLDGS.

5. Botels 11.606.

HK. Landı 5b, 62!am, Zina. Stangbat Lands 2.60sa, Humphreys lib.

HK Realties 2.1

Chinese Patates Lett.

PUBLIC UTILITIES

B.K. TrainwaYS:

16.60b, 17, 16.36/30/ASE. Peak Trans (120.

(New) 30%- Star Ferries 30%, 15%. C. Lights:

(012) 1250B, 17.2%) 12.50/15.00

(New) 9.706, 10.205. 9.BöKI, -

HK Elveria 346, 23, 3214/%/%

“Hecko, Elect

Sandakan Lights 834.

Tekotana Zim, 19tiva.

Shanghai Gas In

INDUSTRIALS

Cold. Mag. (Om) 15.49a. Canton Ips an Comenta 21 he ga R.K. Koper 15.

STORES, Ele. Dairy Farme 496, 425/45 Watmos 46b. 456.

L. Crawford 18h,

Sincerer 4.4žn.

China Emperiam K.l.

Bon Co., Ltd. 2257.

Wing On (HK) 720 Wm. Powell, L16. 941.

MISCELLANEOUS

China Entertainmenta 1636. H.K. Constructions 1018) 24cb.

(er) 2,40%.

+

Vibep Pilings 15.

Marsman Investments 2/-n. Mamman (H.K.) 10.

Shanghai Lowa 180n.

Yangtze 2.178.

-COTTONS

Ewen 7b, 74, 7/713,

- RUBBER, Etc. COMPANIES Alom. Extates Tin Anglo-Deich. Anglo-Javas in.

Batu Aname'. 400.

:

Bute Plantations 24. Chemor United .49p. Cheng Rubbers 20

Lo

Dualnion Rubbers 15. Langkat

Consolidated Rubbers in..

Repah Rubbers 30. Rubber Trusts 2.

Samamaga Rubbers tün Semamba Rubber 25. Shanghai Kečaka 34%, Shanghai-Malayı 12a, Shanghai Somatrak ith Engel Durk 1314n. "Tanah Meraha. „60n.

Tebong Rübbera. „ÁÖn Zianybe Rubbers in.

COST OF THE

Tokyo, October 30.

Limited Japanese exports to Communist China are continuing through direct private chon- nels, and they can be expanded tremendously. the moment Japan begins buying Chinese exports, according to Japanese and foreign trade sources here.

It is pointed out that both Japan and China have export surpluses ideally suited to the other's needs-o condition which neither the wor nor the advent of Communism in China has of- tered basically.

Despite the uncertainties of! future governmental relations be- tween Red China and Japan, and General MacArthur's public ad- vice to the Japanese to expect little from future trade with China, many industrial and trade leaders here regard trade across the East China Sea as their one big hope for economic recOVETY.

They openly express fears that the United States Government will attempt to use the withhold-

machinery. electric

Economic Forecast

For 1950

Washington. October 30.

Discernible

Boston, October 31. Underlying conditions as to demand were unchanged this week but a lull was dis- cernible in the wool market generally.

Only imperative requirements were covered by mill buyers, with come signs that the coal and steel strike situation was having a sobering effect upon sentiment, according to the "Commercial Bulletin. "The paper will say tomorrow":

"Wool men and apparently the goods trade in New York - were showing concern over the grow- ing upset to other lines of busi- ness and to employment around"; the country, albeit the

feeling was that the strike influence would be merely temporary. Other 'elements

outlook in the were cited as favourable to woo demand for some weeks to come.

The US. Bureau of Agricul-Supply conditions in Boston

ing of Japanese trade from China tural Economics forecasts for have been a restricting Influence as a means of imposing an eco- 1950: "A further slight reduc- on wool sales. Perhaps

reflection nomic blockade on the Commun- tion in economic activity and a, ef spot scarcity is the coming to ist regime. Paper.

relatively slow decline in prices light of some recent moderate goods and steel manufacturers appear likely." are relying heavily upon the re- The Department said the effect sumption of their traditional ex- of foreig. currency devaluation ports to China to provide the on US foreign trade is likely to spark needed to boost sales, in- be mildly depressing. Crop pro- crease production volunte and duction is likely to be down thus lower. production costs significantly. The Government is enough to put Japan in better setting up new controls to hold competitive position in the world down" surpluses.

market

W. M. Larsen, American trader The Department also says. representing the Central Enter-

prise Company here, said his firm

Government spending is

for

tor

business

in primary market Woollen types

of abre CON- tinue to have a The

a healthy demand. emphasis remains the fine side. Some

fine and further domestic avools have moved. Offerings of cap

cape and Australian. wools, spot or to arrive, are figuring more largely in the market, Both greasy and scoured types noted...

worsteds

are

Choice original bag fine ter ex-ritory of good length is reported

was making regular sales of Ja-pected to increase but consumer as sold at U$1.45 clean basis and steel sheets, rods and spending may slacken further as French combing at US$1.40. Good backlog demands for motor cars French combing and ple, was

panese

other.. non-restricted metal pro- ducts to North China through an are reduced.

Aliated - American importing

Employment slightly.

decline

house in Tientsin. The Tientsin concem establishes dollar letters

Both farm prices and cash re- of credit in Tokyo

on the con- ceipts may drop another 10

per

quoted at US$1.50 in various quarters Half bloods have been quiet, with US$1.35 clean gen

and US$1.32 taken for erally tops some wool, although US$1.40 was

tracts and all are cleared for ex- cont, with set farm income da realised for a choice lot

port by SCAP.

"Medium wools, both territory clining more than that as pro- and fleece, have bad additional Soy Beans

duction costs stay higher. Busi- turnover. Up to US$1.12 clean for About two foreign ships ness spending for new plant and medium three-eighths. blood ter leave Japanese parts for Taku equipment will be further re-ritory has been realised lately. Bar (the port for Tientsin) duced next year, perhaps sub- although some houses #gured every month, but schedules are stantially from current levels above US$1.10 as high. irregular.. Communication en Associated Press.

contracte...must be handled.ee.

tirely by cable, since mail ser-

vice is suspended.

+

Japan is not buying North China products at the moment, but there is a definite interest on both sides of the China Sea in

opening such two-way trade, Mr. Larsen said.

Japan is particularly interested

"Stop Trade

With Russia”

New York, October 30.

"Pulled wools have been going into mill hands steadily since the recent rush at reduced prices for CCC offerings."-Associated Press,

IN THE TEXAS TRADITION

Fort Worth October 30. The Fort Worth "Star-Tele-

in getting soy beans from North China-an import which would Russian-born President of the week-end a 480-page centennial Mr. Anthony Marcus. Gram", true to Texas traditions of unrivalled size, published this reduce Japan's dependence upon Institute of Foreign food imports now financed by U.S.called on the U.S. to tear up ever seen even in the Lone Star Trade, edition-the largest newspape Congressional appropriations. —-- United Press.

Money Market

its trade treaty with the Soviet State, Government

Advertising totalled

61,311 Abrogation of trade relations inches, including 272 fuil page with Russia Mr. Marcus said, advertisments.

would eliminate commercial spy- The edition celebrated Fort US dollars slumped

ing "that has enabled the Krem- Worth's 100th birthday and the over the is to obtain priceless amounts of completion of a new Star-Tele- week-end, and dropped to HKS 15.99 at

blueprints azad the close of the market Feata."

technological gram" plant and radio and tele-

vision.stations-Reuter, yesterday, after opening at $6.-| 1071.

IT dropped to HK$6.10, after opening at $6.14.

Mr. Marcus is a former De- partment of Commerce. foreign trade adviser. At one time he was commercial counselor to the Amtorg Trading Corporation. Russian commercial- agency

country. quoted

this

in

Sterling at HK$15.50, and Aus tralian pounds at HK$12.20, were unchanged from Saturday. Piastres were again nominal at HK$11.00 a 100.

The Soviet trade treaty is of Ticals at HK$27 a 100 were no value to us at the present lime," he said in a statement. NEI Guilders were quoted at "The Soviet market is the least HK$24 a 100.

unchanged.

Notice To Consignees

Consignees Per

5.5... "BENLEDI”

important to us."--Associated Prees.

Notice To Consignees Consignees Per

5.5. "BENVENUE"

PAKISTAN ENVOY

TO RUSSIA

Karachi, October 30. Shuaia Quresti has been named Pakistani Ambassador to the So viet Union, it was ammounced officially today-United Press.

Notice To Consignees

Consignees Per STATES STEAMSHIP COMPANY

5.5. "OBEGON"

are hereby notified that their

are hereby notified that their cargo is being discharged into are hereby notified that their cargo is being discharged into the Hong Kong, & Kowloon the Hong Kong & Kowloon Wharf & Godown Co's godown cargo is being discharged into the Hongkong & Kowicon Wharf & Godown Co.'s 50- Whart & Godown Co.'s go where it will be at Consignees down, where it will be at Con-

STEEL STRIKE of storage, and where delivery to the Wharf's terms and con- and where delivery may be

magazine

signees risk and subject to the down, where it will be at risk and subject to the Wharf's Wharf's terms and conditions Consignees risk and subject terms and conditions of storage,

may be obtained.

ditions of storage, and where obtained.. delivery may be obtained. Damaged packages are to be

Damaged packages are to be Damaged packages are to be left in the godowns for exam-

+

10

1949.

To comply with General Bonded Warehouse Regulations Consignees must have a Be- Venue Officer in attendance when damaged dutiable, goods

Cleveland, October 30. Nearly 6,000,000 tons. ofj ingots were lost in the first left in the Godowns for ex-left in the Godowns for examination by Consignees and the four weeks of the United Steel amination by Consignees and ination by Consignees and the Company's Surveyors, Messrs. Workers strike, the

the Company's surveyors Company's surveyors, Messrs. "Steel estimates.

Messrs. Carmichael & Clarke, Carmichael & Clarke, at Carmichael & Clarke at 10 The year's production will not at 10 am. on November 4, 1949. am, on 3rd November 1949. .. am, on the 3rd November, exceed 76,000,000 tons even i there is a quick settlement, the To comply with the General 16 comply with the General magazine said. That would be Bonded Warehouse Regulations Bonded Warehouse Regulations the lowest tonnage since 1946 Consignees must have a Re-Consignees must have a Re when

astrike

pulled

output venue Officer in attendance venue Officer in attendance down to 67,000,000.

when damaged dutiable goods when damaged dutiable goods During the current walkout

are examined. steel has been produced at an average of 8.5 per cent of capa- No claims will be admitted, No claims will be admitted, city. Last week it was nine per after the goods have left the after the goods have left the No claims will be admitted cent or. 186,000 tons.

all steamer's godowns, and all after the goods have left the Fabricating operations "have steamer's godowns. held

up surprisingly well" the goods remaining undelivered goods remaining undelivered steamer's godown, and all goods magazine said. "But now, with after November 8, 1949, will after 4th November 1949, will remaining undelivered after the situation approaching crisis be subject to rent.

be subject to reat

the 4th November, 1949 will be stage, Operating curtailments are

subject to rent. All claims against the steam- accelerating.. alarmingly. end widespread plant shutdowns by er must be presented to the er must be presented to the mid-November threaten."--Asso undersigned on or before 20 undersigned on or before 23th ciated Press

November,, 1949, or they will November, 1949, or they will not be recognised. 45

not be recognised.

DEVALUATION -

are examined.

and

All claims against the steam-

No Fire Insurance will be No Fire Insurance will be effected.

effected

W. R. LOXLEY & CO.

(CHINA) - LTD.,

-W. R. LOXLEY- & CO.

(CHINA), LTD.,

Agents.

are examined

All claims against the stea- mer must be presented to the Undersigned on or before the 11th November, „1949 or they will not be recognised

-No--fire insurance will be effected.

-DODWELL & CO., LED. Agents.

Quilo, October 20. It was reported today that the National - Monetary Commissioň approved by live to four a pro- „posal to devaluate the Emuadorean. FUCTE by an unspecified amount. Hong Kong, October 31, 1949. Hong Kong, October 29, 1943. Hong Kong, October 29, 1949.

The sucre is at present: worth

7.60 US, cents. United Press,

· Agents.

AMERICANA PRESIDENT

- LINES

The Global Flest

TO HONOLULU & SAN FRANCISCO

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

vio JAPAN

Arc. Nev Art, Nov.

4

Salls Nov. 5 Sails Nav. 5

Arr. Nov, 29

Sails Nov. 30

TO SAN FRANCISCO & LOS ANGELES

via JAPAN

"President Harrison" "President Pierce"

"President McKinley'

WAIT. Nov. 16 Sails Nov. 6 Arr. Nov. 6° Sails Nov. 7 ............Arr. Nov, 27 . Sails Nov. 28

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

"Marine Snapper" "President Johnson

In Port ......Arg, Nov. 29

Sails Nov. Is

Sails Nov. 30

ROUND THE WORLD

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

Arr. Nov. 4 Arr. Nov. 11.

"Mount Davis” "Mount Mansfield"

Sails Nov. 5

Sails Nov. 13

TO JAVA & STRAITS

"President Fillmore"

Opposite Star Ferry

...Arr. Nov., 18:

Sails Nov. 19

Tel 28172/5..

BEN LINE

ENLINE

SEIP “RENVENUE"” "BENLEDI"

"BENLAWERS”

"BENRINNES” *"RENARTY"

"BENVORLICH”

SHIP BENVENUE" "BENLAWERS”

AND

FROM THE

723

ARRIVALS **FROM UK. via Singapore

SAILINGS

TO

London, Antwerp,

Botterdam, Ham- bury & Hull Genoa, Liverpool &

Glasgow

DUE

In Port

in. Part.

12th Nov.

21st Nav.

28th Nov.

10th Dec.

LOADING K/Whart

23rd Nov.

"BENLEDI

*BENWYVIS”

3rd Nov.

Liverpool; Glasgow, Dublin, Havre & Hall

...

20th Nov.

"BENRINNES" :.. Genoa, London &

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

22nd Nov.

20th Dec.

via Malaya, Colombo, Aden, Port Sudan & other way pertz.

* Accepts cargo 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 Znd NOVEMBER

for

SAN FRANCISCO, LOS ANGELES, PORTLAND, SEATTLE & VANCOUVER

M.S. "KAMBODIA"

LOADING ABOUT. 13th NOVEMBER

for-

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

THE EAST ASIATIC CO., LTD. Queen's Bldg, 2nd door,

Tel. 34111 & 34112

KLAVENESS LINE

SAILINGS

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

ARRIVALS FROM PACIFIC COAST

M.S. "BOUGAINVILLE“ M.S. "SUNNYVILLE":

.29th Oct

21st Nov. 21st Dec.

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

M.S. “BOUGAINVILLE”

Fassenzer Accuumodation

© Chinese Freight Agents,⠀ HOO FOOK PING.

King's Building.

Tel 27782.

23th Nov.

Buk Oll Tanks

Apply

THE BANK LINE-

(CHINA) LID."

THE BAKE LINE (China) Ltd.