1950-04-03 — Page 9

THE CHINA MAIL, MONDAY, APRIL 3, 1950.

BUTTERFIELD & SWIRE

CHINA NAVIGATION CO., LTD.

"SOOCHOW" "HANYANG "FOOCHOW"

"SHENGKING" "KWEIYANG"

“SZECHUEN" "FOYANG"

"PAKKOI"

"YUNNAN"

"ANHUI"

SAILINGS TO S'pore & Brunch Inchon &

Tientsin

Kobt. Nagoya & Yokohuma (not Loading) Keelurs •·.· S'pore & Bangkok

(not loading) Bangkok Tientsin Yokohama, Nagoya,

Osaka & Kabe .Singapore

Singapore, Penang &

Belawan

5 p.m. 2nd Apr. 10a.m. 3rd Apr.

8 p. 4th Apr.

6 p.m. 4th Apr."

3 p.m. 8th Apr.

5 p.m. 8th Apr. 5 p.m. 12th Apr."

5 p.m. 15th Apr,

3 p.m. 15th Apr,

3 p.m. 18th Apr.

* Salls from ARRIVALS FROM

Custodion Wharf.

"YUNNAN"

Khung

3 p.m.

"SZECHUEN"

Kobe

"TSINAN"

"POYANG"

“SHENGKING”

"PAKNOI"

"WUSUEI"

Korea & Moji

Tientsin & Tsingtao Keelung

..Bangkuk

RIVER SERVICE Hongkong/Mucho Dept. Hongkong

2 p.m. daily except Wed.

& Sun.

2nd Apr. 6th Apr. 7th Apr. 7th/8th Apr. 8th Apr. 9th Apr.

Macao/Hongkong Arr. Hongkong

7 a.m. Tues., Wed., Fri., & Sat.

BLUE FUNNEL LINE

5 p.m. Sunday

Scheduled Sallings to Europe vin Adon & Port Said.

"PATROCLUS”

Havre & Liverpool

4th Apr.

"ANTILOCHUS"

Genua, Marseilles,

Liverpool, &

Glasgow

"AUTOLYCUS”

*North Africa, Havre

& Liverpool

25th Apr.

6th May

*If sufficient inducement

“TELEMACHUS"

4th Apr.

"AUTOLYCt's"

U.K. via Straits

11th Apr.

"MENTOR"

U.K. via Straits

14th Apr.

CLYTONEUS"

26th Apr.

"TYNDAREUS”

28th Apr.

ARRIVALS FROM

U.K. via Straits

UK. via Straits

UK. via Strails

Carriers option to. pruceed via other ports to lond & discharge cargo.

AUSTRALIAN ORIENTAL LINE LTD./CHINA

NAVIGATION CO., LTD. JOINT SERVICE

"CHANGSHA"

"TAIPING "CHANGTE"

SAILINGS TO ....Sydney & Melbourne

Sydney & Melbourne

FINANCE

AND COMMERCE

ANGLO-U.S. TEXTILE U.S. SALES

MISSION TO JAPAN

New York Stock Exchange

DRIVE IN EUROPE

Palm Beach, April 1.

Washington, April, 1. With U.S. Government Decision to send an Anglo-American graup to Japan

to study the textile situation in that country backing, Amerlean experts was reached today at a conference. of. Ameri- are soon to invade Britain can and British cotton textila manufacturers. and Europe in a drive to in- of. American The announcement of this development was made crease sales

tobacco, cotton, fruit and by Mr. Ellison S. McKissick, retiring President dairy products. of the American Cotton Manufacturers In- stitute (ACMI), which closed its annual con- vention.

Mr. McKissick appointed Mr. R. T. Stevens, Chairman of the Board of the R. T. Stevens Company, New York, to act as the American Chairman of section of the commitice, while it was understood that Sir Ray- mond Streat, Chairman of the British Cotton Board, would be Chairman of the British section Representatives from the ACM who will make the trip in May are Mr. Marion W. Helss of the Cone Mils, Greensboro, North Carolina, and Mr. Shannon W. Lyman, Fillsburg Yarn Company, Fittsburg Massachussetts,

There will also be representa - tives on the American group 3- ing to Japan from several other textile trade groups.

Cotton goods

below standard?

zald

They will study the goods of will try to dispose of part of at léast of America's huge surplus of farm products.

British and other competitors and

Spearheading the invasion will be J. Barnard Gibbs, tobacco marketing specialist. Ho is due to reach Europe early in May and will make his headquarters in Paris.

New York, April 1. Low-priced stocks, particularly the cheaper rails, dominated the market at higher prices today. Gains ranged to around u point

Manchester, April 1, Elsewhere for favoured issues.

Manchester textile firms are the tendency was upward but seant interest in

to ask their agents in Malaya traders took

of many

Next will be Francis Whittaker, the market's sun

for full details of complaints by leaders.

Business started off

the Singapore Chamber of cotton marketing specialist, due slowly bul about half way

Commerce at the printing and in Europe in June. He will also through the two-hour session

finishing of Lancashire cotton have his headquarters in Paris gathered speed

but will spend some time in Eng- made as rails

fibre goods is below standard.

seeking new outlets for more frequent appearances

official DI the Calico land

cotton and American

helping Toward the tlcker inpe.

the

Printers Association, which pre-

exporters in close, there was another slow-

urgent cables for Ita American cotton down. Volume hit a rate of

pared Malayan representatives today, Europe. about 600,000 shares for the day.

that they are anxiously A dairy specialist will also be During the early trading, radio-

awaiting more details of the cum-sent in the interests of American television stocks made fresh pro-

He said that the Asso- gress, They retained all or most

plaints. clation could not understand the producers of dried milks, dried of their gains later but the main

This specialist has not been ap- interest centred

charge because there had been and other dairy products. on the carrier

no complaints from other quar-pointed yet. group.

The Association belleven tha Among the gainers were North.

tern.

A fourth expert is Glenn Ald- ern Pacifle, Missouri, Kansas a

The American delegation will the source of the trouble might dell, a co-operative marketing among mushroof firms who authority, who will leave soon for Texas preferred, Canadian Puci-|

He wil tour Western fle, Supp Corporation, Pepsi Cola, represent not only the ACMI had gone into the Makyan marke: Italy.

was considered at Europe and Britain. Steel,

Tele made up of both Southern and because it U.S.

Amerien. phone, Curtiss Wright and Amert New England mills, but also the tractive. In sald.

Association of Cotton Textile

these sules envoys will can Airlines.

Up in the curb were Canadian Merchants of New York, the Tex- the China and Far Eastern section have official standing, making it to approach Marconi, Cities Service, Crepe tile Export Association, and the of the Manchester Chamber of possible for them

Interactional Petro-National Association of Cotton Commerce, said that everythin European governments in a way Petrolcum,

New Engla.vi possible will be don to satisfy impossible for private American Manufacturers, Jum.

Kirby Petroleum, Niugarn

Malayan buyers because the businessmen, the U. S. Depart- Hudson Fower, Technicolor and Trade Bourd

Shrinking

exports and the Venezuelan Petroleum.

Lancashire. threat of a flood of Imports from market is extremely important to ment of Agriculture said.

Several experts are already He thought that there had low wnge foreign countries, prin- elpally Japan, have been upper-been a falling off in printing engaged in timilar work, includ most in discussions at the ACMI | rtandards it might be due to the ing P. K. Norris, leading U. 5. convention which ended today. large number of apprentlers re-cotton authority, who is making a cruited into the trade by sonic cotion survey in Africa. He is firms at the end of the war. Reuter.

Dow

Junes averages: Stocks 74.43; 20 Industrials 200.37; 15 Halls 55.43; 10 Utilities 42.09.

Closing quotatio

Adams Express Alaska Juneau 2%

American Can 115%

Smelting 50% Telephone 154%

Tobacco 704

LE Waterworks 111⁄2

28%

8th Apr. 11th Apr.

"

...Japan

4th week Apr.

"CHANGSHA" ""TAIPING "CHANGTE"

ARRIVALS FROM .Japan Kure

5th Apr. 8th Apr. Australia & Manila 3rd week Apr.

All the above subject to alteration without notice. For Passage and Freight particulars please apply to

1. CONNAUGHT ROAD, CENTRAL Tel. 30331/8 Private Exchange.

50. Connaught Rd.West. 25875, 32144. 24878. Chater Ad.. Cable and Wireless Bldg. 27160.

BRANCH OFFICES:

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,

Agenta

& CO., LTD.

DODWELL &

Telephones: 28021/6

HOLLAND-BAST ASIA LINE

M.S. "HOOGKERK"

LOADING 7th AND 8th APRIL

„MANILA, SINGAPORE, ADEN, SUEZ, PORT SAID, ALEXANDRÍA, GENOA., MARSEILLES, ANTWERP, ROTTERDAM, „AMSTERDAM, HAMBURG, COPENHAGEN, GOTHENBURG and OSLO.

ROYAL INTEROCEAN LINES

Anaconda C

Aviation

Baldwin Lorotantive 10% Barasdall 50%

Bendix Aviation 40%

Bethlehem Steel 33

Bocing

Aircraft 27%

Borden Co. 50%

Canadian Pacific (4%

J. Собе 414

Chrysler 64%

Colgate 434

Commercial Solvent 18% Corn Products 00 Du Port S774 Eastman Kodak 45%

General Electric 4615

Motors 17 Goodrich 83% Goodyear 51 Homestake Mining 44 International Harvester 20%

Paper 37%

H

H

Tel & Tel 13 Johns Manville 48 Kennecolt Copper 497% Montgomery Ward 54% National Lead

Distillers 231

30% New York Central 14%2 Packard Motor 3% Pan American Airways 91% Pennsylvanin RR 17%

Radio Corp. 18% Remington Rand 12 Republic Steel 26%

Tobacca 38% Reynolds Toba Schenley

ley 30% Sears Roebuck 44%

Socony Vacuum 17 Southern Pacide 624 Standard Brands 234

Oil of Calif. 65 Oil of N. J. 684

Studebaker 29 Union. Dag 20%

Carbide 43%

US Rubber 40%

"Steel 31

21 Lincs 184

Westinghouse 33%

Youngstown Sheet & Tubo 80 Gen. Pub. Utilkles 17

bond market plodded a The narrow course. Tip now South- ern Pacific bonds took, the centr stago with a run-up of 1 14 point to 102.. U.S. Governments were Inactive and there was change in the price of foreig dollar loans.-Associated Press.

littl

TALKS ON QUOTAS POSTPONED

The mission will have no om- cial status, but the situation will He reviewed with leaders in the Japanese Industry.

Lost market

A committee report on for elgn trade presented on Friday pointed out that American mille have already apparently lost an export market of.almost one billion yards, and quantities of foreign goods are now entering

market in the domestic

thic country.

Mr. Erie Stewart. "Chairman of

JESSUP TO BE "ATOMIC ENVOY”

New York, April-1.

York Journal The New American" reported today from Washington that Dr. Philip Jes- States sup, retiring as United Roving Ambassador, will become "Atomie Ambassador" and will revive negotiations to parent pult will be chaos in American atomic secrets

Britain and Canada.

The committee sald that if the Administration continues its ap- of tariff elimina-

tion, the

the American industry. The In- dustry employs more than 500,- 000 men and women, mostly in the South and New England.

Tariff protection, the committer sáld, is

is half what it was 15 years ago, and another-round-of-tariff cuts is in prospect for this au- tumn.

All

studying possible competition that the British cotton producilon pro- gramine in Africa may effect ÜS. international cotton uctivities, -Associated Press.

NO MORE OIL. CONCESSIONS

New York, April 1. share Persia will extend no moro with concessions to foreign countries or concerns for the exploitation of The action was, tüken, accord- oll or other raw materials, Shali Ing to the newspaper at the re- Mohammed Azra of Persia said quest of Mr. Dean Acheson, the in an interview 'published in the Pecretary of State, and with the "New York Times" today. approval of President, Truman. Reuter.

CHICAGO GRAINS It added that, unless Congres

Chicago, April 1 can be persuaded to provide the

Grain prices Inched upward protection the American textile industry deserves, then it (Con- today. Gains were small in all gress) is ready to admit that the plis with oats giving the best-dis- textile employees must face dras- play of underlying firmness from

tically

reduced wages,

In a despatch from Teheran, the-Times-Correspondent, Mr. C. L. Sulzberger, quoted the Shah as saying that Persia, however, would welcome foreign invest ment in develoment companies controlled by Persia.

The Shah added that the huge

Anglo-Iranian Oil concession at

which they the start. Wheat:closed an eighth Abudun, controlled by Britain, is;

as manufacturers surely do not want.

The retiring President of the ACMI, Mr. Ellison S. McKissick in his annual report termed the situation alarming. He pointed to the textile industries of the war-damaged foreign countries ar virtually subsidised by the American taxpayer--Associater Press

NOTICE TO CONSIGNEES

'Consignees Per

3.5. "BENLAWERS

are hereby notified that their cargo is being discharged into

to a quarter higher.

May 2.24 1/4-3/8. Corn was 1/8 to 1/4 lower. May $1.35 1/2-5/0

Oats were 1/4 to 3/8 higher. May 75.

Rye was 1/4 to 1-1/4 higher. May $1.34 37.

Soybeans were 5/8 lower to 1/2 higher. May $2.63 to $2.04 -As- sociated Press.

:

NOTICE TO CONSIGNEES CONSIGNEES PER AUSTRALIA-WEST: PACIFIC

LINE.

17.3. "AROS".

not affected by this decision and still has between 43 and 45 years

to run..

MAERSK LINE.. NOTICE TO CONSIGNEES

The M/V "GERTRUDE MAERSK" having arrived from, New York and Ports of call, Consignees of Cargo - that are Hereby notified, their goods are being landed Tlak and placed at theft and expensea, into the Hong Kong & Kowloon Wharf & Go down. Company's godowns' ut

the Hong Kong & Kowloon are bereby notified that their Kowloon, where delivery "may Wharf & Godown Co.'s go- cargo-is being discharged into be obtained as soon as the goods down, where it will be at Con- the Hong Kong & Kowloon are landed. signees' risk and subject to the Wharf & Godown Co's godown Wharf's terms and conditions where It will be at consignees

Optional cargo will not be

of storage, and where delivery clak and subject to the Wharf's I landed here, unless notice has may be obtained.

terms and conditions of storage, bean given 48 hours prior to and where delivery may be vessel's arrival, but carried on from port to port to the final obtained.

port of call to which the option extends.

Damaged packages are to be left in the Godowns for exam- ination by Consignees and the Company's Surveyors, Messrs Carmichael & Clarke, at 10 am, on April 6, 1950,

To comply with the General Bonded Warehouse, Regulations Consignees raust have a Re venue. Officer in attendance when damaged dutiable goods aro examined. ....

Damaged packages are to be left in the goddwhs for ex-

No claims will be admitted amination by Consignees and the Compat surveyors, after the Goods have left the Messrs. Carmichael & Clarke Godowns, and all goods remain- at 10 am. on April 6, 1050, 1050, will be subject to ing undelivered after April To comply with the General rent.

Warehouse Regula- Bonded

All broken, chafed, and tiors, consignées! must have a

damaged Goods are to be left Revenue Officer,in attendance

In the Godawns, where they Cleneva, April 1.

when damaged dutiable goods will be examined on April No claims will be admitted, are examined. N The contracting parties to the

|6, 1950, at 10, a.m. by our: general agreement on tariffs an

after the goods have left the No claims will be admitted Surveyors, Messrs. Goddard & trude (GATT) today agreed steamer's godowns, and all postpone the (debate on Britain' goods; remaining undelivered after the goods have left the Douglas. Import restrictions. Similar actio

after April 6, 1980, will boy steamer's godowna, and all was taken regarding the restric

Be goods remaining undelivered by Australic subject to rent. tlons imposed

after April 7, 1950, will be Ceylon,

Chile,

He, India, New Zoo All claims against the steam- subject to renat

and land.

Pakistani

er must be presented to the Rhodeala.

All claima against the Before All will be discussed at

at the undersigned: 1 of 2 or IT man April 20, 1980, or they will steamer must be presented to next meeting the GATT bers during the Torquay tarifi not be recognised, the Undersigned on or before April 14, 1960, dr they will negotiations next September:

of

Souther

GATT members are empowere

To comply with the General Bonded Warehouse Regulations consignees must have a Re

attendance vdnuo: Officer in when damaged dutiable goods are examined. her de

All claims must reach us before May 1950, or, thủy

No Fire Insurance will be not be recognised will not be recognised (9

to demand consultations with affected other contractiu i partida 7:9ub

No Fire Insurance will be

DODWELL BOJILTD.

No Insurance will be effected.

J

P&O B.I. E&A

COMPANIES

PENINSULAR G ORIENTAL SN. CO.

PASSENGER/PREIGHT SERVICE

OUTWARDS

"CARTHAGE"

* "CORFU

-84. "CANTON"

· LEAVES LONDON

Balled

6th April

4th May

DUR HONGKONG

. 10th April

8th May

5th June.

Vis Southampton, Port Haid. Aden. Bomber, Colombo, Penang 6

HOMEWARDS

6. "CARTHAGE"- "CORPIJ**.

4.4. "CANTON" 14""CARTHAŬE* * "CORFU**

"CANTON"

-LEAVES HONUKONG

14th April

--- 19th May ..

ath June

7th July

4th August

1st Beptember

DUE LONDON

18th May

10th June

10th July

3th August

6th Beptember

2nd October

Accepting Cargo for Bingapori, Penang: Colambo, Bomber, Aden, Porte Bald ▲ Londàu,

OUTWARDS"

SA "BUILLONO”.

.. "BOUDAN"

* "BRILLONGTM

HOMEWARDS ", "BOCOTRA" "SHILLUNG"

FREIGHT BERVICE DUE HONGKONG 16th April

3rd May

LEAVES DONG KONG

LOADS HONGKONG

22nd April

Eich April

11th May

FROM London & Continent.

Kobe Yokėtama-

FOR

FOR

London & Continent.

Accepting Cargo for Blogapore, Port Awettenham, Penang Colder bo, Adea, Port Bald, Genoa, Marselil, Londos, Hamburg, Ank werp & Hotterdam. With liberty to ou!! at Bombay if inducement

ofer.

TANKS AVAILABLE FOR CARRIAGE OF OIL IN SULL SPACE FOR REFRIGERATED CAHOO. LIMITED FABSEN- GER ACCOMMODATION,

BRITISH INDIA S.N. CO., LTD..-

*. "HANGOLA"

".. "BIRDHANA"

dus 11th Apr. all 12th Apr.

due 80th Apr.

2nd May

from Japan, for traits, Rangoon Calcutta.

frum Calcutta Birmin

for Japan.

* The ships have Refrigerated Cargo apace,

P. & O./B.I. JOINT SERVICE

4. "EYRO8**

MUZARDA”

due Linh ADF. all 24h Apr.

due

from Japan,

ป

fur Kirmite, Columbo, Bombay.

Karachi

Persian Gulf,

151

! י

19th Apr. from Persian Gulf, Bonsettia

bay Bleuita. walls ist Apr. for Jupat,

• Arcepts cargo on through Dills of Lading for Persian Gull Porte 197

EASTERN & AUSTRALIAN S.S. CO., LTD.

**, "NELLORE”'s

loadin 9th Apr.

Rabaul for Manila,

Brisbane, Erdner, Mel bourne, Adelaide, Wal Hngton, Auckland, -Lyt Lelton Drinedin. Calle Part Moresby if suiclent induerment,

•Accepts cargo for New Zealand à Pació o Island ports on through title of lading.

All resuals have liberty to call' at any ports on or off the route, and the routes and sailings are subject to change or amendment with or without notion

For full porliculors apply for- MACKINNON, MACKENZIE & CO:

Telephone Nos-27721-4.

ISTHMIAN LINE

(Isthmian Steamship Company, New York)

DIRECT MONTHLY SAILINGS TO NEW YORK

VIA LOS ANGELES AND PANAMA "STEEL ADVOCATE”

0th May

Tanks, available for, Bulk Oil. ́SAILINGS TO SAIGON, BANGKOK & DJAKARTA (BATAVIA)

"STEEL VENDOR" .“STEEL VOYAGER"

,10th Apr. ..30th Apr.

ARRIVALS FROM U.S.A...

Sails N. Y. Balls S.F. Duo H.K. Salled Salfed: 8th Apr, Salled 10th Apr. 20th Apr. 21st Apr. 9th May 28th May

"BTEEL" VENDOR". "STEEL VOYAGER”. *STEEL WORKER""

GILMAN & CO., LTD.

Tel. 81146

Chinese Freight Agents-HIN, FAT & CO. LTD. Tela: 28823, 25558 & 23485.

SWEDISH EAST ASIA CO.LTD.

ARRIVALS FROM: EUROPE

m.v. "NAGARA”

Loads for Europe via Japan from2 30th March. Balls for Koba z. Yokohama. 3rd Apr. IFMLAND”

TONGHATE

m.v. "BALI

my. “NAGARA”

m.v.

TO. EUR

GILMAN

LTD