1950-04-01 — Page 12

THE CHINA MAIL, BATURDAY, APRIL 1, 1080.

D A P

ROYAL INTEROCIAN

SINGAPORE, JAVA

PORTS and

EINIS

MACASSAR

"TJITJALENGKA"

"VAN HEUTOZ""

TJIBADANI

*Only to 8'pore, Penang & D. Dali

• 'MANILA, EAST &

SOUTH AFRICA &

SOUTH AMERICA

"BO188EVAIN"

"STRAAT BOENDA"⚫

"STRAAT MALAKKA"

ARRIVALS, SAILINGS

4th Apr.

9th Apr.

.

8th Apr.

13th Apr,

21st Apr.

24th Apr.

FINANCE AND COMMERCE

Hong Kong Stock Exchange

The season of final dividends

New York stocks

recover after intense selling

New York, March 30.

being practically over, less inter- Intenso selling flared up in the stock market today.

est is being taken in the Market.

In addition to this, the Market seems to have fallen into a rut, rates fluctuating with a definite

no

The result was one of the sharpest price breaks of the year.

downward trend. At the moment In half an hour or so, leading issues dropped frac- the stop to this dip shows

tions to around two points, Nearly 100 stocks slims of ending.

scored new lows for 1950. But the drop stop- ped as abruptly as it started in mid-afternoon.

B.K. GOVT. LOANS

Bly% Loan (1934 à 1940) 09. * Loan (1948) 07n,

10th Apr.

13th Apr.

12th Apr.

"TEGELBERG”

13th May

4th May 1st June

4 Lown 19th

*not calling Manila

JAPAN -

"BOIBBEVAIN"

9th Apr.

*STRAAT BOENDA"

17th Apr.

2nd May afat May

14th Apr.

16th May

"STRAAT MALAKKA"

"TEGELBERG"

Agents: HOLLAND-EAST ASIA LINE

● EUROPE vio MANILA

and MALAYA

"HOOGKERK"

"MEERKERK"

"RYNKERK”

Through Da/L fasued to

Mediterranean and Northern

European ports.

JAPAN

"HOOGKERK"

"MEERKERK"

"RYNKERK"

ARRIVALS SAILINGS.

10th April.

early May

8th Apr. 2nd May arly Juan

7th Apr, 1st May Early Juns

17th April early May

KING'S BUILDING-TELEPHONES:-28015STO 280172:

LÆMINESLAGENESTRE, CONNAUGIEF (HOCH, G. TEEN: QUM 105

BARBER-WILHELMSEN LINE

INAUGURATING NEW FORTNIGHTLY EXPRESS SERVICE

M.V. "FERNSTREAM" LOADING 3rd APRIL

M.V. "TALLEYRAND".

LOADING 17th APRIL

FOR

PACIFIC AND ATLANTIC COASTS

Via Japan.

Transhipment cargo accepted for

South American and West Indies Ports.

Agents

DODWELL & CO.,

DE LA

Telephones: 28021/6

LTD.

RAMA LINES

Sailing to New York, Baltimore, Philadelphia,

Via Japan and Pacific coast ports

가

DANKS

ILK. 9. Bank 150b, 1370,

(Lon. Rea.) 4815, £10. Chartered Bank £9 11/1GN, Mercantile Bank A. & N, £120. Bank of East Aals 201b.

INSURANCES

Canton Ins. $151.

Union Ina 585h, GOON, IP5/1000. Chinn Underwriters Sn.

3.K, Fire Ins. 21.

BHIPPING

Douglasen 200n,

J., & M. Steamboats in. Indo Ching (Pref.) 8.

(Def.) 200n.

Shelia (Dearer) 61/92. Union Waters 55,

Asia Nav, 85, 21.

NOCKS, WHARVES, GODOWNS, Elc II.K. K. Where Ex.DIV, 968. North Point Wharves A.cob.. Boghal Hongkow Wharves 10, I., Docks 18.30.

China Providents 12x. Shanghal Dockyards ib. Wheelocka 216, 28.

MINING

Hugh Mince n.

H.K. Min 01.

LANDS, HOTELS & BLDCB.

FI, B. Hotels 9.600.

H.K, Laide B

Shanghai Land 1.6.

Humphreys $.CO.

H., Stealties 2.

Chise Estates Ex.Div. 184,

PUBLIC UTILITIES

1.K. Tramwaye Ea.Div. 13b, 12,301. Peak Trama (0) 175,

(New) Dign,

Star Ferries K8%*.

C. 'Lights (Old) 11.105, 11.20

མ

(New) Bb.

1.K. Electrica 273.

Maso Electrics 200. Bandakan Lixhen. Telephone 18,

Shanghai Ca 10.

INDUSTRIAL.B

Caid. Hnez, (nl) Isb, Canton Icra 30. Cement Ex.Rights lib. H.K. Ropa 141.

STORES, Ele. Dairy Farms 89%..

Watsons Ex.Right 2015.

1. Crawfords 2141, 21iem,

Sinceres 2.805,

Chien Emporium 04.

Sun Co., Ltd, 9b.

Kweng Sang Hong 07b, 100e.

Wing On (11.K.) 02.

Wm, Powell, Lol, RIGH

MISCELLANEOUR

China Entertainments Ex.Div. 184. II. Constructiona (Old) 2.400.

(New) 1.30.

Vibro Pilings 11%.

Marman Investments 9/-a, Harman (H.K.) 5.

Shanghai Lown 1.300.

Yanga 4b, 4.

~~~~~~~~~COTTONS

Ewo "2.801.

RUBBER. *t*, COMPANIES

Alms Estates 181.

Anglo-Dutch .40.

Anglo-Java 211.

Bain Anama .15.

Hate Flantations b Chemor United BOD. Cheng Rubbers 16b, Consolidated Robbers g Dominion Rubbers 1.30m- Kota Bahrow Bob, Kroewek Java 156, Langkats in.

Repah Rubbers .fin. Rubber Trust

Samagaka Rubbers 5b, Samamba Rubbers 205. Bhanchal Kedahu 4%, 4%. Shanghai-Milays 10,

Shanghai Pabeng .656. Shanghal Sumatrze .60n. Bus Manggle .196.. Sungst Darla 18b,

Zlangba Rubbers 50a

M.V. "AGAMEMNON"

.23rd Apr.

M.S. "DONA NATI”

4th May

Tanah Meraha 55D, .80. Tebong Robbers .155.

Arriving via Manila from

PORTS

DU.S. ATLANTIC & PACIFIC COAST

M.V. "BENGAL”

M.S. "DONA ANICETA”

S.S. "TRAVANCORE"

BUTTERFIELD

duc 15th Apr. ...due

3rd May .....due 12th May

SWIRE

Agenta

Tel. 30331/8.

1. Connaught Road, C.

PRINCE LINE LTD.

(Trans-Pacific Servico):

mv. SILVER WALNUT

LOADING 1st APRIL

for

LOS ANGELES, SAN FRANCISCO, PORTLAND, TACOMA, SEATTLE & VANCOUVER.

Duo Los Angeles 25th April

JARDINE MATHESON & CO., LTD.

18 Fedder Street

¿Tel. 300114

Money Market

DEMAND FOR

CARS EXCEEDS

U.S. OUTPUT

Detroit, March 30.

TEXTILE

THREAT TO U.S.

Palm Beach, Florida,

March 30.

The President of the Ameri- can Cotton Manufacturers In- stitute, Mr. Ellison S. Mc- Kissick, warned today that the United States faces virtual loss of its textile export markets and invasion of its domestic markets by low wage foreign textile indus- tries.

"We are confronted with An alarming situation in the threat of goods coming into this coun- try from nations whose textile Industries are virtually subsidia- ed by the American taxpayer," he declared.

EMERICAN. PRESIDENT LINES ROX.

The Global Fleet

TO HONOLULU & SAN FRANCISCO.

Salls Apr. 14

yigʻ JAPAN

"Prezident Cleveland”.

. Art. Apr. 13 **

"General Gordon"

„Arr. Apr. 28

- Sails Apr. 29

"Prezident WilsonTM

Sails May 3

2. Art. May 2

TO SAN FRANCISCO & LOS ANGELES

viɑ JAPAN.

"President Harrison”- "President McKinley”

... ... ... ... Arr. Apr.

..Arr. Apr. 13

Salls Apr. 5

Sails Apr. 13

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

"President Johnson" ...Arr. Apr. 15 "President Fillmore" ....Arr. May 13

ROUND THE WORLD

Sails Apr. 15 Salla May 14

VIA MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAY, KARAĆIH, SUEZ, PORT SAID, ALEXANDRIA, NAPLES, MARSEILLES, GENOA, NEW YORK and BOSTON *President Monroe"

Arr. Apr. 5 Salls Apr. "President Buckanan" ....... Arr. Apr. 16 Sails Apr. 18

TO JAVA & STRAITS

........................Att. Apr.

B

A recovery move appeared to be taking shape in the final hour and a good many issues pushed up from the extreme lows, Financial quarters said there was zo specifle news to account for the sudden selling.

The two most active issues—. Radio Corporation and American

Mr. McKisslak naserted that Broadcasting-advanced against

éven a trickle of Japanese ·goods the trend. Radio Anished 1-4

Nearly five years after the Into, this country inevitably has higher and American Broadcast-end of the war, some mukes of the effect of demoralising U.S.

"President FillmoreTM ing 1-% higher,

cars are still not available on domestle markets and also of Other gainera included United short notice. Yet approximately the 500,000 cotton textile opera

jeopardising

St. George's Bldg. the jobs of many of Corporation, Greyhound, Ever 15,000,000 passengers cars have, tives who depend directly on the

U.S. Leather, been built in the United States mills for livelihood. sharp, Electric, Transcontinental and Western since July 1945. That is when "When we realise that the Air, and Paramount Pictures. pencetime production was re- average Japanese textile worker in makea 10 cents an hour, we can sumed after being halted

understand how far it is possible February 1942.

for our standard of living to fall," he said.

Among the lovers were Santa Fe, Union Pacific, Gulf Oll, Zenith Radio and Sunray Oll.

Transfers were 2,370,000 shares. Dow Jones averages: Stocks 74.07; 20 Industrials 200.43: 15 Ralls 54.48; 10 Utilities 42.05.

Closing quotations: Adams Express 22 Alaska Juneaut 2%

American

Can

110%

Smelling 51% Telephone 154% - Tobacco 70% Waterworks 11 Anaconda

Copper 28 Aviation Corp. 7 Baldwin Locomotive 10 Barnsdall 50% Bendix Aviation 40% Bethlehem Steel 33% Boeing Aircraft 265% Borden Co. 80% Canadian Pacifle 14%

J. 1. Case 414 Chrysler

04%

Colgate 43%

Commercial Solvent 10 Corn Products 67 Du Pont 67

Eartman Kodak 45% Generat Electric 484

Motors 702

Goodrich 83%

10

Goodyear 50% Homestake Mining 44% International Harvester 26%

Paper 384 Tel & Tel 13 Johns Manville 47% Kennecott Copper 504 Montgomery Ward 54% National Distillers 22%

Load 40

New York Central 13 Packard Motors 3% Pan American Airways 84% Parmsylvania RR 10% Radio Corp.-18

Real Silk 11

Remington Rand 131⁄2 Republic Steel 25 Reynolds Tobacco 30% Schenley 29%

Sears Roebuck 40% Shell Oll 38

Socony Vacuum 16 Southern Pacifle 52% · Standard Brands 23

"

Oll of Calif. 65% Oll of N. J. OB

Studebaker 28%

286 Carbide 44

Union Bag

#

US Rubber 40%

Stoel 31

15

Lines 10

Westinghouse 34%

Youngstown Sheet & Tubo 79

Gen. Pub, Utilities '17

Bonds slanted lower. In

the

Surveys by the larger pro- ducers indicate there still a tremendous backlog of demand for new cars in both the low and medium (price brackets. In moro than a

fow instances sales aro reported to exceed factory. out put.

An upturn in rotall car sales is traditional at this time of thu

this:

is not the

Japan, he added, only nation which casts its sha- dow across the American textile scene, and they must also con- cern themselves with the threat of imports from Germany, from Italy, and from many other na- tions as well.---Associated Press.

British pact with Israel

| year. It is no secret, though, that

new car deliveries so for year surpass carlier expectations of the leading manufacturers.

Final figures for

this year's first quarter production will pro- bably show about 1,150,000 new passenger cars delivered by tho nation's retailers, In the same

London, March 30. 4 period last year,

Britain and Israel today'sign- retail sales numbered 891,903..

ed a financial agreement aris- ing from the ending of the Chevrolet in among the makes British mandate in Palestine. of cars not now quickly available,

For Israel, the agreement was! Largest of the world's car build- signed by Mr. David Horowitz, ers, Chevrolet delivered more Director-General of the Finance cars at retail in February than its Ministry. Sir James Baker, Third factories produced. Final figures Secretary to the Treasury, signed for March will probably the same excess of demand output.Associated Press,

show Over

Disposal of public grain in China

for Britain.

The British Treasury announced shortly after the signing that the agreement provides for the full and final settlement of financial matters outstanding between the two Governments as a result of the termination of the mandate. The agreement will be publish- ed In due course as a White Paper, it declared.

Under it the Israel Govern~ ment will make available suma San Francisco, March 30, Peking Radio reported to- totalling £11,100,000 as a general night that centralised control settlement. Frovision is made for the Israel Government to take of State grain would be over an appropriate share of the achloved as the result of a assets and abilities relating to: decision reached by the Central Palestine's 'bearer_bonds. People's Government to unify the collection, storage and dis- posal of public grafň.

This was in line with plans now being carried into effect to ensure uniform distribution of grain throughout Communist China, tha Radio said.

"The present decision is of great importance in ensuring) adequate supplies for the people

after

the

Mr. Horowitz said siguing, "It will certainly remove A source of friction and mis- amicably and in a spirit of com- understanding and will settlo promise and mutual accommoda- on some old accounts."Router.

NY COTTON

Now York, March 30. Cotton futures turned irregular

and the army, in stabilising the after early strength. Closed 35 grain market everywhere and in cents. a balo higher to 30 cents

implementing the 1950 national lower.

budget," the broadcast added.

Local grain administrative de- partments would have to make monthly reports on the position regarding public grain collection: as well as grain 'allocation in their areas, it was added.--Reuter..

curb Technicolor jumped 2% to PAKISTAN COTTON

close at 22 4,

Other gainers were Raytheon, Canadian Marconi, Sherwin WI- Hama

Stumblers included Cilles Ser-

US dollars dropped to HK$ vice, Kaiser Frazer-Associated 6.2234 yesterday after opening at Press.

$0.23% but at the close recover-

ed to $0.23%.

T was stationary at HK$6.31. Sterling Wat unchanged at

HK$15.40.

LONDON STOCKS

London, March 30. Domestic issues in the London

FOR JAPAN

Washington, March 30.

May

July October December March

May....

32.09.

-32.16-18.

80.76-77.

30.68.

30.59.

30.55.nominal.

Middling Spot. 32.57

-Associated Press,

NY RUBBER

J

New York, March 30. Crude rubber number one fu-

Japan is expected to take 100,- | furos closed 15 to 25 higher. Sales 900 bales of cotton from Pakistan | 92 contracts. during the year ending next July

1, the U.S. Department of Agri- culture estimated. The

May Juis

20.40. 19.50 bid. *September purchase

....19.10. will be made under · ត trade agroe

Spet number one ribbed imok- ment between the two countries ed sheots 20-% nominal Asso- In return for the cotton, Japan is clated Press, Australian pounds dropped Ave Stock Exchango were firm with expected to ship textiles, cotton cents to HK$12.00/

interests selective Glit-edged yarn, hardware,

rolling Plastres dropped to HK$11 a stocks advanced 3. Textiles, stock, 100 after opening at $11.80. with renewed provincial support, machinery.

machinery is showed some gains Olls and expected to include 60,000 cotton rubbers were steady.

wpindles, 500 looms, and consider Financial Times" indoor 105,4 — able woolion and textile kaltting Associated Press

mschinwy---Associated Press,

Ticals at HK$27.50 a 100 were unchanged.

NEI Cuilders opened at

40

n 100 and closed at 38.20.

electrical and

Tho

Pacific Far East Line, Juc.

DIRECT

Fast Regular Trans-Pacific Service

SAN. IRANGIDOO, LÓN: ANGSTĀKS

·MONTREAL' AND

Lan Truncisen

+

INIA BEAN”

"WILLIAM 'LUCKNERÁCHE

OVERLAND NEW YORK-GICAGO-DETROIT-Z

AMERICAN"A" QANADIAN » CITIES.

San Francisc

Washington, March 30, Railroad freight. volume last week was above the levels of last year and two years ago for the second successive-week. Report

this today, the Association of Ambrican Railroads noted, how- ever, that volume in both the 1949 and 1948 weeks was reduced by work stoppages in the coal mines--Associated Press.

NOTICE TO CONSIGNEES

M.V. *ANKING"

Damaged cargo ex this ves÷ sel will be surveyed by Messrs. Goddard & Douglas at Hong Kong & Kowloon Wharf & Godown Co, Ltd's Godown from 10 am on April 3, 1950. and consignees are requested. to have their representatives present during the survey

2

9

Spils Apr. Tel. 28172/5.

BEN LINE

SHIP "DENLAWERS" "BENVANNOCH" "BENATTOW" "BENNEVIS"

"BENCRUACHAN”.

{"BENWYVIB"

"BENCLEUCH" "BENVORLICH" · "BENARTY" "BENMACDHU?" "BENALDER"

"BENATTOW" "BENCLEUCH" "DENMACOHUI”

"BENNEVI6"

"BENVANNOCH" "BENWYVIS" "BENARTY"

"BENLAWERA" "BENCRUACHAN"

"BENYORLICH"

"BENALDER”

ARRIVALS

FROM

U.K. via Singapore,

SAILINGS

DUE IN PORT

1st Apr.

10th Apr.

on or abt. 27th Apr.

20th Apr. 9th May

11th May

27th May

London, Antwerp, Rotterdam, Hamburg 4 Hull,

·Gonos, Liverpool, Avon- mouth,, Le Havre, & Hamburg.

Genoa, London,

8th June

11th June

26th June

Loading on or abt.

20th Apr.

15th May

15th June

30th Apr.

Bid Apr.

Rotterdam,

12th May

10th June

Glasgow,

Avonmouth,

Hamburg & Hull,

Liverpool,

Dublin, Havre, Ant-

·werp 4 Rotterdam.

*K/Wharf

3rd May

80th May

29th June

Vin Malaya, Colombo, Port Sudan, Aden, and Suez Canal. † Accepts Cargo for Japan,

For Further Particulars, Apply To- W. R. LOXLEY & CO. (CHINA); LTD. Agents

York Buliding.

Telephone: 34185.

THE EAST ASIATIC CO., LTD.

M.S. “KVERNAAS”.

NOW LOADING

for

ADEN, PORT SAID, TRIESTE, GENOA, ANTWERP, BOTTERDAM, HAMBURG, OSLO,

* GOTHENBURG & COPENHAGEN

Tanks Available for the carriage of oli in bulk.

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

Tel. 34111 & 34112

KLAVENESS LINE

SAILINGS

↑ Direct to Los Angeles, In 16 days Thence

San Francisco, Vancouver, Seattle & Portland M.S. "BOUGAINVILLE SKAMANI M.S. "SUNNYVILLE

ARRIVALS FROM PACIFIC COAST VERSE MS. "SUNNYVILLE” - M.S. "FRANCISVILLE”

$30th Apr.

30th May

21st Apra

22nd May

Salling to

sapore, Port Swettenham,

ng & Batavia

M.S:

22nd Apr.

"Baik Oll Tanks

TO

ES ONLY

Chine

HOO FOO

Building Tel: 37702.

BANK LINE LTD..