1950-03-22 — Page 14

ROYAL UNTEROCEAN. LINES!

● SINGAPORE, JAVA

PORTS and

MACASSAR

"TJISADANE”

"TJITJALENGKA"

✪ MANILA, EAST &

SOUTH AFRICA & SOUTH AMERICA

ARRIVALS SAILINGS

IN PORT

25th Mar.

5th Apr,

10th Apr.

"BOISSEVAIN'S "STRAAT BOENDA"

24th Mar.

10th Apr.

15th Apr.

"STRAAT MALAKKA"

"TEGELBERG"

13th May

4th Mny 1st June

•

JAPAN

"DERLAGE"

"BOISSEVAIN"

"STRAAT JOENDA"

"STRAAT MALAKKA”

"TEGELBERG"

27th Mar,

9th Apr.

20th Mar,

17th Apr.

2nd May

15th May

31st May

Agents: HOLLAND-EAST ASIA LINE

• EUROPE via MANILA

and MALAYA

"KOOGKERX"

"MEERKERK"

lasund

ARRIVALS SAILINGS

2nd April

10th April early May

2nd May carly June

to

Mediterranean and Northern

"RYNKERK"

Through Bs/L

European porta,

JAPAN

"HOOGKERK”

"MEERKERK"

"RYNKERK"

1st April 1at May Early June

17th April carly May

PEKING'S BUILDING, STELEPHONESTÜ20015ĖTO:2801798;

GOLUBINESINAGEMISERZ CONNAUGHT ROAD-E FILS/AMAZIN

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 WAVE"

"PIONEER SEA".

"PIONEER COVE"

"PIONEER WAVE” (vin Fusan)

"PIONEER SEA"

SAILING TO MANILA

.Mar. 27 Apr. 10

Apr. 28

.Mar. 28 Apr. 11

1 "PIONEER COVE" (via Yokohama, Takubar) Apr. 29

SAILINGS TO NEW YORK, BOSTON, BALTIMORE, PHILADELPHIA vis

JAPAN & PANAMA CANAL

"AMERICAN REPORTER' Arr. Apr. 3 Sails Apr.

**PIONEER LAKE"

"PIONEER WAVE"

* via Toku Bar

A

J

#

Apr. 8

Apr. 19

"

Apr. 10 Apr. 21

For rates, special information call

UNITED STATES

queen's Bldg. COMPANY

LINES

Tel. 28196 The above that Indiesten the principal ports of loading and discharge as presently intended, but not their rotation. Yor further informa dan sen achedule at; the Company's Offen.

DE LA RAMA LINES

Sailing to New York, Baltimoro, Philadelphia, Via Japan and Pacific coast ports

M.V. "AGAMEMNON”

THE CHINA MAIL, WEDNESDAY, MARCH 22, 1950.

„FINANCE AND COMMERCE

H.K. Stock AMERICAN ECONOMY

AT A HIGH LEVEL

Exchange

The market continues steady.

ILK, BOVE, LOANS

45 Basalt BDRi

39915 Tann (109114, 1940) DeL, 9350 Lawn (1948) ÝRK.

BANKS

ILK. & B, Daak penton,

£223⁄4».

Bon. Best.) 48n.. Chartered Bank CD 11/16n, Mereunte Bank & Bank of Eras Asin 1990.

INSURANCES

Cafe Lux 310. Weston Ine, Glón. Clins Underwriter 50, NK, Pre fum. Ex.Jily, 11km.

HRIPPING

Dough 20m.

JK. & M, Steambonte 1in, Insta Chlons (Pret) Botýn.

f.) 20.

She featz) G4/41n, Bubon Waterbents 258. Anda Nay, 902

DOCKS, WHARVES, GODOWNS, Etc. IK. A K. Wharves Ex.Dlv, 926, North Point Wharvom 6.50Ů, NGOMA. Bloggħud Hongkew Wharven. 16n, H.R. Dark 18151,

China Providenta 12b, 32. Shimoghat Bochynida 495en. Wheelocka 20.

MINING

Raub Mines blyn.

10 K, Mines 01ým.

LANDS, HOTELS & NIOSH,

H.. Hotel 0.40h, D.TO, Digan, 11K, bunda 40929

Bobal Lands, 1.408, 1.60%; Jijau. Humphreys 101.

ELK, Realties Zn.

Chine Eetsten 130g,

PURLIC OTILITIES H.K, Tramways Vix.1)lv. 19.001), Peak Tram (Old) In.

(New) 94,

Star Forries 83740.

C, Lights (ok) (1.7h8, 194, 11.8Dwa.

(Nowy Khigh, K,501. 1.K. Elvstrlen 2644h, 271ám, 27. Men 1ertziew 200. Hordukan ehte ngán, Telephone 16, 104.

INDUSTRIALS

Bald, Mary. (Ord.) 22lin, Creston an.

Vemente Exilichte 19956, 112, H.K. Rogers Ex.Dlx, 140.

KTURES, Rte.

Dairy Farina E, JU3⁄4ma.

Watson Kev., C., 4215, 42am.

t. Crawford 21 kb.

Ainceres 3.40.

Chine Emporium táb

Kwa Saus Hung Dih, Wing On (1.8.) 26. Win. Powert, til, pin,

MISCELLANEOUS

Chin Enteriniuswate 17% ILK. Ghostructions cota) .40.

(New) 1.300.

Vitro Pilgs 1. Maraman Investments 2/-0. Aaron H.K.) 7. hought In 1.30. Yaustazes 3.Ath, 49% », 3.06an.

COTTONH

Ewe h

(Continued On Cal. 4)

Washington, March 20.

The United States Commerce Departmant 'reported

that the gross national production-total of alt goods and services——was valued at $257,000,- 000,000 in the calendar year 1949, which kopt the economy at a very high lávol. This was about five per cent under the all-time dollar peak of $262,000,000,000 reached in 1948.

The principal reason for the | 9000006 decline was price reductions ont

many

consumer items since

then.

The Department

prices In 1940, physical volumes was slight,

shid

when

allowance is made for lower

the change In |

production

National Incone, which drop- ped about the same percentage as production, totalled $221,500,000,- 000 compared with $220,000,000- |000 the previous year. Personal

income

$210,000,000,000. was down about $2,000,000 from ine "record 1948 high.

The decline concentrated for} the most part in the first hair of the year. In the latter half, the overnil economy stabilised.

In 1949, for the first time since the war, most money went direct- ly into

into sales channels rather than into inventories. Net 1949 inven- torics

averaged $2,000,000,000.

In 1948 the gure was $0,500,- 100,000.

Consumer spending in 1940, which stood at $179,000,000,000 was little changed from the year before. Sales were somewhat farger, but prices lower.

Durable goods spending In- creased to $24,000,000,630 because of bigger car sales.

Spending for services rose to *$50,000,000,000-compared with! $53,000,000,000 in 1948. Construc- tion and equipment investment totalled $37,000,000,000, largely because of decline in residential construction in early 1949.--- United Press,

Money Market

Continuing the downward trend. US dollara yesterday touchect Kicap of the markel yesterday. "THE opening rate was $0.39, and the highest $0.35.

TT fell from KS8.39 at the opening to $0.37 at the close.

Sterling was maintained at HK$15.40.

Australian pounds dropped to

NOTICE TO CONSIGNEES-RKS13.25

CONSIGNEES PER STATES STEAMSHIP COMPANY

5.5. "WYOMING"

are hereby notified that their cargo is being discharged into the Hong Kong & Kowloon Wharf & Godown Co's godown} where it will be at consignees risk and subject to the Wharf's terms and conditions of storage, and where delivery may be obtained.

Pinstrea remained nominal at HK$12.50 100.

Ticals were unchanged at HK$28.30 a 100.

Goods said pouring into Shanghai

San Francisco, March 20).

Over 5,000,000 tons of cargo And 17,000,000 passengers were carried by railways and ships of East China during the- last nine months, according to Peking Radio tonight.

As a result, goods have

pouring into

Shanghal, and grain, particularly coa!

Radio said. Coal ship- mente enabled reserves In- Shanghal to be kept. at

been

the

a.con-

stant figure of several thou- Kand tone compared with a regular 5,000 tons during tha early days of Bhanghal's oc- cupation.

Over 1,000 miles of railway In East China are now being used while more than 10,000 miles of inland waterways are now oponed to traffic, the Ra. dio further reported/Router.

TALKS ON UK

TEA CONTRACT

London, March 20. The Food Minister, Mr. Maurice Webb, was asked in the House of Commons today! when he would be able to tell. lea growers in India and Cey- oh what price he would offer for tenders to the 1950 bulk contract.

He replied, "When our negolia- tions with their Governments are completed."

He did not comment when a whether ho Conservative asked

that the longer appreciated decision was delayed the less chance there would be of the quantities he required at suit- getting

able prices.

.."

The Minister

was also asked whether he, was taking care dur- ing these negotiations tlist the| reopening of the London tea mor- ket was not being Jeopardised.

Mr. Webb replied that it would;

NEI Guilders. which dropped to HK$22.70 a 100 on Monday fol lowing devaluation of the Indo-not be overlooked-Router. nesian Guilder, re-opened yestor day at $20.50. In the afternoon it was marked down to $15 nominal.

FOOD AND FUEL COST

week ended March 18 issued by The food and fuel index for the

the Labour Office, were: Rice and Flour 7.2 cattles $0.0500 Vegetables 19 cattles

1.1210 2080 1.4210

Damaged packages are to be left in the godowns for ex- Salt Cabbage .2 catty amination by Consignees and Oll culty the Company's surveyors, Tea 2 culty Messrs. Carmichael & Clarke Salt Fish 3 entty

Fish 4 catty

al 10 a.m. on Murch 25, 1950.

To comply with the General Bonded Warehouse Regula tions, consignees must have a Revenue Officer in attendance when damaged dutiable goods are examined.

No claims will be admitted after the goods have left the steamer's godowns, and all goods remaining. undelivered after March 27, 1000 will be subject to rent.

All ⚫ claims

against the] steamer must be presented to 23rd Apr. the Undersigned on or before April 3, 1950 or they will not be recognised.

Arriving via Manila from U.S. ATLANTIC & PACIFIC COAST FORTS

M.S. "DONA NATI”"

M.V. "BENGALLA

M.S. "DONA ANICETA"

.duo 26th Mar.

duo 12th Ap

No Fire Insurance will be effected.

DODWELL & CO., LTD.

Agents.

duo 30th Apr. Hong Kong, March 20, 1050.

BUTTERFIELD & SWIRE

Agents

1, Connaught Road, C.

Tol. 30331/8

Pork 3 catly Firewood 10.0 cattles Bean Curd, 14 pieces

Total

1.0800

.0600

1.2440

LONDON STOCKS

London, March 201 Far Eastern rubber shares pro- vided the bright spot on the Lon- don Stock Exchange today. In- dustrials were generally fdio with equally divided. small gains and losses about

Most American Issues were down,

Financial Times' index 104.1,. unchanged-Associated Press.

DOCKERS STRIKE

Buenos Aires, March 20. 1.4370

Striking dockers demanding .0000 3000 wage increases held up work on all but 14 of 103 overseas vessels $15.0000

·In Buchos Aires port today:

The dockers said that their strike will last until Wednesday night-Reuter.

(Continued from Col. a)

RUNNERS, COMPANIES)

Alin Estates 16h Anglo-Dulch 30m, Anglo-Javas in. Batu Anais Zön. Bute Plemaifona 60%, Chemour United 28. Cheng Rubbern -100., Consalkinted Rubbers. 2,066, Dominion Rubbers 1gi Langkate In Repsh Rubbers 201. Rubber Trusia 14b, âļtx, "' Barnumaza" Rubbers. 6äb. Semambu Nubber „Job, Shanghai Kasaba-4567, 429 Shanghai-Malaya 159.

·Bhangbai Pahang düb, Shanghai, Sumatras Con Sun. Mangerla Job.. Bungel Durin, 15h, 10km, Tanah Merah b. 63. Tebong. Rubbers 165, Ziazebo Rubbers 800,"

NY RUBBER *New York, March 20. Rubber closed two to 10 lower. Sales 10 contracts. -

May September

10.00. 18.00.

Number one

ribbed smoked sheets, 20 nominal. Associated

Press.

U.S. DEBT

AMERICAN PRESIDENT LINES

The Global Fleet

TO HONOLULU & SAN FRANCISCO

"President Cleveland"

"General Gordon"

New

York

"President Wilson"

Stock Exchange

New York, March 20. Stocks made slim' gains on the strength of such good corporate news but fell back on profil- taking in the final hour. Of the 15 most active issues, eight were higher, four unchanged and three lower. Most major groups-pre- sented a mixed appearance. Of 1086 Issues traded, 358 mivanced, 430 declined; 1,420,000 shares were traded. Seventy-six new highs were touched during the day and 24 new lows. Most ne- live issue was Missouri Pacific) preferred, up 1-% at 9-%.

Dow Jones averages: Stocks 74.91; 20 Industrials 207.70; 15 Rails 55.25; 10 Utilities 43.67.

Closing Quotations:

Adams Express Alaska Juneau American Can 117

+

14

Smelting 33 Telephone 151%

Tobacco 72 Waterworks 10%

Copper 28

Anaconda Aviation

01% Baldwin Locomotive 11 Barnsdall 50%

Dendix Aviation 42 Bethlehem Steel 344 Aircraft 2714

60%

Boc Co.

Borden

Canadian Pacific 14%

J. I. Case 444

Chrysler 80%

Colgate 45%

Commercial Solvent 10%

Corn

Products 69%

Du Pont 65 Eastman General Electric 40%

Motors 76 %

Kodak 40%

Goodrich 83 Goodyear 50%

Homestake Mining 45%

International Harvester 20%

Paper 37% "Tel & Tel,11% Johns Manville 49 Montgomery Ward 56 National Distillers 23%

Irad 38% New York Central 13% Packard Motors 3% Pan American Airways 10 Pennsylvania RR 174

Radio Corp. 145% Real Silk 114

mington Rand 15% Remington Republic Steel 20% Reynolds Tobacco 30% Schenley 3094

Shell

·

Roebuck 4315 Oil 30 Sorony Vacuum 17 Southern Pacific. 51%

Brands 23% Standard

Oil of Calif. 85% Oil of N. J. 09 Studebaker 304

20% Union Bug

Corbido 43%

"

US Rubber 43%

"Steel 31

+

Lines 16% Westinghouse 34%

Tho

Youngstown Sheet & Tube 824 Gen. Pub. Uilities 17% Bonds moved narrowly. curb showed good gains. Among those moving up were Humble oil, Electric Bond and Share,

Service, Cities

Kaiser Frazer was lower-Associated Press.

NOTICE TO CONSIGNEES

3.5. "GATEWAY CITY” Having arrived Hong Kong consigneck of cargo are hereby notified that all goods have been landed and placed at their risk and expense into the go- downs of the Hong Kong and Kowloon Wharf and Godown Co., Ltd. where delivery may Be obtained as soon as the goods are landed.

Washington, March 20... No. claims will be admitted The US Treasury announced after the goods have left the that the Government total godowns or failure to attend debt, on March 10, was $255,904, the survey1- 094,189 compared « 164 $251,102,- 417,314 a year ago. Gold, Assets All broken, chafed and were $24,820,473,052 against $24,-aged goods are to be left in the 304,008,002,Associated Press.

Pacific For Cars Live Inc.

DIRBOT

Fast Regular

SAN FRANGLICO, LOS ANGELES:

U.S. ORIENT MERCHANT LINE.

ARRIVALS:

"WILLIAM GLACKSNE”

FUALIFORNIA DHAR”,

NEW, TORE

MONTREAL" AND ALL' ARKE

Service

Anm-

godown where they will Bej examined in the presence of Messrs. Goddard, and Douglas on March 24, 1950, at 10, aim.!

́viɑ JAPAN

, Arr. Apr. 13

Art, Apr. 28

Arr May 2

Sails Apr. 14 Sails Apr. 20 Soils May

TO SAN FRANCISCO & LOS ANGELES

"President Harrison"

"President McKinloy"

via JAPAN

3

..Arr. Apr. 4 Salls Apt. 5 Arr. Apr. 13 Sails Apr. 13

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

"President Jolinson": "President Fillmore"

...... Arr. Apr. 15

Salls Apr. 16

Sails May 14

........... Arr. May 13 ROUND THE WORLD

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

In Port Arr. Apr. 5

"Mount Mansfield" "President Monroe"

TO JAVA & STRAITS

"President Fillmore"

St. George's Bldg.

Sails. Mar. 23 Sails Apr.

7

Arr. Apr. 8

Sails Apr. 0 Tel. 28172/5.

BEN LINE

SHIP "BENLAWERS" "BENYANNOCH" "BENÁTTOW” "BENNEVIS".

"BENORUACHAN”

"BENWYVIS

"DENCLEUCH"

"DENATTOW". "BENCLEUCH",

"BENVANNOCH" "BENNEVIS" "BENWYVIB"

("BENLAWERS"

"DENCRUACHAN"?"

ARRIVALS

FROM

DUR.

U.K. via Bingapore, on or abt. 31st Mar

SAILINGS

London, Antwerp. Rotterdam, Hamburg

& Hull. Ganos, London,

Avonmouth, Rotterdam,

Hamburg & Huit,

Liverpool,

Glasgow,

Dublin, Havre and Antworp

•

9th May

2nd Apr.

17th Apr..

20th Apra

30th Apr.

11th May,

Loading en or,øbt."

21st Apr.

15th May

4th Apr.

25th Apr.

12th May

3rd Apri

3rd May

Via Malaya, Colombo, Aden, and Suez Canal.

+ Accepta Cargo for Part Sudan,

(Accepte Cargo for Rotterdam

Accepta Cargo- for LE HAVRE,

For Further Particulars, Apply To-

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

York Building.

Telephone: 34165. ···

THE EAST ASIATIC CO., LTD.

M.S. "KVERNAAS"

LOADING ABOUT 30th March'

for

ADEN, PORT SAID, GENOA, .

ANTWERP, ROTTERDAM, HAMBURG, OSLO,

GOTHENBURG

& COPENHAGEN

Tanks available for the earringe of oil in bulk.

i

THE EAST. ASIATIC CO., LTD.

Queen's Bldg., 2nd floor.

Tel. 34111 & 34112,

KLAVENESS LINE

SAILINGS

Direct to Los Angeles, in 16 days Thence \\"Son Francisco, Vancouver, Seattle & Portland M.S. CASTLEVILLE” M.S. "BOUGAINVILLE“,

To comply with the General Bonded Warehouse Regula tions, consignees must have a Revenue Officer in attendance when examining damaged duti- able goods," All claims against M.S. the vessel-must be presented to the Undersigned within, four- MS:

feed days of the diilp's arrival,

or they will no. be recognised.

4:30th Mari 30th Apr

23rd-Mar

21st

LA ARRIVALS FROM PACIFIC COAST.

"No fire Insurancs will be of M.S. "BQ

GAINVILLE YVILLE"

to:Singaporé, Po

Renang 4. Batavia

Abt. 20th Mar

(CHINA) LTD.

WWILLIAM.