1950-04-12 — Page 12

“THE CHINA MAIL, WEDNESDAY, APRIL 12, -1950.

FINANCE

AND

COMMERCE

ROYAL

INTER OUTANULNES

• SINGAPORE, JAVA

+

PORTS and

MACASSAR

"VAN HEUTSZ"*

TVISADANE"

"TJITJALENGKA"

• Only to S'pore, Panang & A. De}}

• MANILA, EAST &

SOUTH AFRICA &

ARRIVALS SAILINGS

In Port 21st Apr.

8th May

1

13th Apr.

- 26th Apri 11th May

13th Apr

18th Apr. 1st May

PEKING REVIEW OF❘ New York

CHINA INDUSTRIES

Hong Kong Stock Exchange

Market

SOUTH AMERICA

"TJIPONDOX"

in Port

"DOISSEVAIN"**

"STRAAT MALAKKA"

"TEGELBERG"

- In Port

13th May

fet June

* Calling Singapore, Penang, L'Marques and Durban only.

Loading 13th and 14th April only.

JAPAN

4% Loan 09n.

"BOIBBEVAIN"

13th Apr.

"ВТЛДАТ MALAKKA"

29th Apr.

10th Apr.

"STRAAT SOENDA"

19th Apr,

30th May

15th May

"TEGELBERG"

Agents: HOLLAND—ÉÁST ASIA LINE

EUROPE via MANILA

and MALAYA

"MEERKERK”

"RYNKERK"

10th Apr. early May

ARRIVALS SAILINGS

6th May early June

Through BI/L laurad

to

Mediterranean and Northarn

European ports.

JAPAN

"MEERKERK"

"RYNKERK"

5th May

Early June

21st Apr.

early May

KING'S BUILDING, TELEPHONES: 20615 TO 28017

CHENES), AGENTS, BA LUNYABB01 1AD, 1.

RESSE, 25134

AMERICAN PIONEER LINE

to and from

Atlantic Coast Ports of

the United States and Far Eastern Ports

NEW FAST CARGO SHIPS

The quiet but steady.

H.K. GOVT. LOANS

San Francisco, April 10. Industrial nows ranging from the establishment of a State -operated motor car transport com. pany in Poking to the revival of the sugar trado in Kwangfung was given in a Chinese Communist broadcast heard here tonight. The motor car transport company which has just been set up will serve to unify China's motor transport for the first time, the broadcast said. The company has, at the

hus re-opened moment, 10 branches in North

China covering a network of nearly 5,000 miles of motor routes. Vehicles of the com- pany are serving travellers/ as the well as contributing to smooth interflow of goods be tween city and countryside, the broadcast added.

33% Loan (1934 & 1940) 93b. 31% Loun (1948) 06b.

J

BANKS

H.K. & S. Bank 1340b.,

(Lon. Reg.) 480in. Chartered Bank 39 7/16n. Mercantile B. A. & B. £229n. Bank of East Asia 1045.

INSURANCES Canton Ins. 315m. Union Ins. 500s, 585sa. Chinn Underwriters 5n. H.K. Fire Ins, 200n.

SHIPPING

Douglases 2000. - H.X. & M. Steamboats 11. Indo Chinas (Pret.) 893.

(Def.) 200n. Shells (Bearer) 65/71n. U. Waterboats 25

Asia Nav. 756; 80sa

Docker Wharves, Godowns E. RK. & K. Warves 30b, 43, 878u. North Point Wharves 5.000. Shanghai Hongkew Wharves 160, H.K. Docks 18%

China Providents Ex. Div. 10àn. Shanghai Dockyards.3.50b, 49, 4za. Wheelocks 28n.

MINING

Raub Mines 5in. H.K. Mines „0ijn.

Lande, Hatoin. & Bldgs. H. & S. Hotels in. H.K. Lands 42b. Shanghai Lands 1.40b. Humphreys 130]n. K.K. Reailles 2n. Chinese Estates 124.

PUBLIC UTILITIES II.K. Tramways 12,800,

12.0083.

Peak Trams (Old) 18n.

F1

(New) Bin.

Star Ferries Basi

BANK DEPOSITS IN RED CHINA

Stock Exchange

Now York, April 10. Buying enthusiasm centred in o fow selected issues in the stock market today but did not spread to the remainder of the list. Gains among popular issues ran to more than three points while lauser were confined to two points For or less among the losers, the most part, however, changes were fractional. Transfers were 2,070,000 shares.

Among the galniers were Benguet Consolidated, up t 1-%, Texas Company, American Woollen, Dow Chemical, Union Pacing Mack Trucks, Emerson Radio.

Included Nickal Plate, Warner Brothers, Allled

Stumblers

San Francisco, April 10, For the first time in 10 years people in the Chinese Commu-Chemical.

Dow that hist capital of Peking are de The brondenst also sold

Jones averages: Stocks

Industrials 212.20; the sugar Industry of Kwangtung positing money freely in banks 70.18; 20 Province is showing signs of re-

on current account, according Rails 5041; 10 Utilities 43.30.

Clesing quotations covering from the low ebb to to a Communist broadcast to

Adams Express which it fell to during the Kuo- niglit.

Alaska Juneau 3% mintang days.

American

Only two out of five modern sugar refineries are al present functioning in the Province, but these are producing twich much as in the past, it is claimed.

the

The other three refineries are not working because parts were removed

wracked by Japanese during their occupation of the Province.

.or

The broadcast said that most of the sugar output in Kwang tung is still from the erude mills of the villagers, but more re-

norios will be built,

No middle-men

It also reported the elimination of "middle-men" in the Indus- try, and that today- co-operatives of sugar cane growers sell their product direct to the refineries. in the past the middle-men sicpped in and pocketed half of the prices of the cane, the broad- cost added.

News was also given of the rubber shoe industry in Tientsin. It is said that factories in that; city are busily working to full 13s, Army orders for 1,000,000 pairs

of rubber shoes.

Lights (Old) 11.205, 111s,) i1.30sa.

(New) ab.

ARRIVALS FROM ATLANTIC

"PIONEER COVË”

"PIONEER MAIL"-

"PIONEER BAY"

May 2 May 14. May 27

'C.

SAILING TO MANILA A "PIONEER COVE” (vin Yokohama, Takubar) May 3 "PIONEER MAIL" `(via · Yokohama)

•

May 15

"PIONEER BAY" (via Yokohama)

May 28

Shanghai Gas Jan.

SAILINGS, TO NEW YORK, BOSTON, BALTIMORE, PHILADELPHIA via JAPAN & PANAMA CANAL

-""PIONEER-LAKE” -Arr.-Apr. 21-Sails Apr. 22

++

"PIONEER SEA"

"

Apt. 24 Afr. 20

* via Taka Bar

For rates, special information call

UNITED STATES LINES

. Queen's Bldg.

COMPANY Tel. 28196.

The abers list Indicates the principal Derts of leading and discharge

as presently intended, bat nol their retation.

tion see schedule at the Company's Odice.

For furti tilorka-

U.S. ORIENT MERCHANT LINE.

ARRIVALS

FROM

18th Apr.

SHIP

DUE

La "ANNITBA"

EAST COAST/U.S.A.

Abl

L.L. “VÁSSILI8"

E.B. "SOROL"

bth May

. 19th May

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

York Building..

AGENTS.

Tel.*34165

SWEDISH EAST ASIA CO., LTD.

m.v. NAGARA

HAMBURG

LOADING 1815 APRIL

SAILING: 19th · APRIL

SAID, GENT

GOTHENBURG.

GILMAN & CO. LTD.

HK. Electrica 251s, 20/251er. Macao Electrics 20n.

Sandakan Lights Bin. Telephones 101s

INDUSTRIALS Cald. Macg. (Ord.) Z8n. Canton lees 30 Cements Ex. Rights 116, 118s.

111/1180. ~H.K-Hopes-in-

W

-STORES &c. Dairy Farms 30s. Watsons Ex. Rights 285, 2782. L. Crawfords 22su. Sinceres 16.

China Emporium 91b. Sun Co. Ltd. 2iza. 'Kwong Soilg Hong f7b.

Wing On (M.K.) 62b. Wm. Fowell, Ltd. Pan.

MISCELLANEOUS China Entertainments 138. H.K. Constructions (0) 2.401.

(N) 1.30.

Vibro Pilings 118p. Marsman, Investments 0/-. Maramon, (HIC) 76. Shanghai Loan 1.800. Yangtzes 8.60m.

COTTONS

Ewos 210b, 2.60cd.

RUBBER, etc. COMPANIES. Alma Estates 10. Anglo-Dutch Son.

Anglo-Javas In.

Batu Anams 15ń.

Bute Plantations Jon.

Chemor Unites 85. Cheng Rubbers 15n. Consolidated Rubbers 2b. Duminion Rubbers 1.300. Kota Behroe 50n.

Kroewock Javas .10, .252. Langkots in.

Repah ftubbers 20n.

Rubber Trusts 23b, Ss. 2isa. Samagaga Rubbers .65b. Bemambu Rubbers 201.. Shanghat Kedahs 41b. Shanghai-Mainyka 10-m. Shanghai Paboog 18n. Shanghai Sumairas „60n. Sua Manggis 10b, Sungel Duris Itih. Tanah Meraha 58b. Tebong kubbers 15.

Zangbo Rubbers 50n.

During the past eight days, the Peking People's Back reported an neroase in current accounts of 2.1 million Coinmunist dollars.

Deposit accounts are also show- ng marked increases.

In 1949 deposits were calculat- ed in terms of parity units valued In grain, cloth and coal, Banks allowed people to withdraw their money after a period on the basis of currency. valuation of parity units. Now, however, the practice of depositing money agalast such units is declining, the broadcast sald-Router,

LINES

The Global Fleet

TO HONOLULU & SAN FRANCISCO:

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

via JAPAN.

.Arr. Apr. 13

Arr. Hủy 1

Arr. May

Balls Apr. 14 Balls May

Baile May

TO SAN FRANCISCO & LOS ANGELES via JAPAN

"President McKinlay" "President Taft"

In Port Sails Apr. 13 ..Arr. Apr. 25 Salle Apr. 26 TO NEW YORK, BALTIMORE & BOSTON vio PACIFIC COAST & PANAMA

“President Johnson" ..........Arr. Apr, 20 "President Fillmore". ............. Art. May 13

ROUND THE WORLD

Sails Apr. 20

· Salls May... 14

VIA MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAY, KARACHI, SUEZ, FORT SAID, ALEXANDRIA, NAPLES, MARSEILLÉS, GENQA, NEW YORK and BOSTOŃ "President Buchanan"

Arr. Apr: 10 Salls Apr. 18 "President Harding" .........Arr. Apr. 30

TOʻJAVA & STRAITS :

15

1174

"President. Tyler".

St. George's Bldg.

024 150 70

Anaconda Copper 28% Aviation Corp. 7% Baldwin Locomotive 10% Barnsdall $1% Bendix Aviation 42 Bethlehem Steel 35 Boeing Aircraft 27% Borden Co. 50% - Canadian Pacific 15%

Case 42 Chrysler 08

Colgate. 45%

Commercial Solvent 17 Corn Producta 60% Du Pont 73

Kodak

Money Market General Electric 40%

U.S. dollars opened yesterday al HK$0.07%, nearly 10 points below the closing rate on Thursday last. In the course of the day the rate dropped to $0.04% but recovered slightly to $0.05 at the close.

TT

1 from

through was pul HK$0.08% to $809%.

Sterling was down 10 cents us recompared with last Thursday. It

was quoted at HK$15.20.

The broadcast further ported that state-owned enter prises in Manchuria have sur- pamed their production largots during the first quarter of this year.

Coal output was six per cent above the target, petrol 12 per cent, electricity one per cent, electric wires 81 per cent, bicy- cles 11 per cent, cement 40 per cent, paper 32 per cent, conveyor belts 12 per cent, motorcar tyres 32 per cent, and cotton fabric 17 per cent.

New stores Peking Radio reported that the All-China Department Stores had established its head office in the Chinese Communist capital.

This was regarded as marking a new stage in the organisation of State trading.

The Radlo said that this office now under State and public shops in every province, city and many county towns which form a net- work supplying industrial goods to cities and villages throughout China.

Australian pounds also dropped. Opening at HK$12.80 as compared with $12.80 on Thursday, the closing rate was. $12.55,

Plastres were unchanged at HK$11 a 100 nominal.

Motors 78% Goodrich 87Y Goodyear 54

Homestake Mining 43% International Harvester 27%

Paper 39

Tel & Tel 125% Johns Manville 40 Kennecott Copper 51% Montgomery Ward 554 National Distillers 22%

Lead 41

New York Central 14%. Packard Motors, 3% Pan American Airways 10. Pennsylvania RR 17 Radio Corp

20% Remington Hand 12%

Tobacco 38%

30% Roebuck 43

385

Shell Onl Ticals were down 50 cents as compared with Thursday, and were quoted yesterday at $20.50 a 100.

NEI Guilder dropped to less than half their-value on-Thursday when the closing rate was HK$0.80 a 100. Yesterday they closed at $3 a 100, after opening at $5.

FRESH FISH PRICES

Fresh fah average prices realised at the Hong Kona Fish Wholesale Market Kennedy Town, yesterday were sm

Snapper....

First quality Average

price pries acaily

$1.00

Central management and plan- ning of State trade would have a profound effect on the nation's White Tomfret (large) 2.61 economy, the broadcast main- Maeno Bolm (large) **

tained.

It explained that peasants are fiend Grant the main customers of State Concer Pike shops. With their increased pur» | Fair Twit chasing power, following land reform, peasants are now able to buy Increasing quantities of cloth, farming equipment, cupa, utensils, soap, matches, Sugar and even

materials writing

through their co-operative

ganisations.

(..

Bocony Vacuum 17 Southern Pacific 63% Standard Brands 283

Off of Callt. 56 Ol of N. J. 71 Studebaker 30 Union Bag 20%

Carbide 45% US Rubber 4341⁄2

F1

Steel 32

Lines 104

Westinghouse 34%

Youngstown Sheet & Tube 81% Gen. Pub, Utilities 17%

Rail bonda continued, upward.

curb gainers were Ameng Royalite, Claude Neon, Raytheon, Sonotono-Associated Press.

NY RUBBER

-- New York, April 10. Crude rubber No. 1 futures closed 25 to 60 higher with sales

catly

$1.20

2.50

1.80

1.57

1.10

.70

1.15

1.10

of 74 contracts.

5.20

1.19

May

23,15

1.3

September

21.80

20.80 nominal

19.80

Spot No. I tibbed smoked sheets 23 1⁄2 nominal-Associated Press,

CROP FORECAST

Washington, April 10

A 1930 Winier wheat crop of

December

763,590,000 bushels was forecast NOTICE TO CONSIGNEES These co-operatives cover 60 by the US. Agriculture Depart per cent of the business done by ment today. State-owned shops in Manchuria

Jast year.

This estimate is 121,008,000) "State trading, especially re- bushels: less than the : Dopart- tall dealing, has played an imment's exilmate on December 20, portant part in calling back cure and compares with last year's

the Radio said. "For Winter wheat crop of 901,688,000 | rency," example, several hundred departs | bushels-Associated Press.. ment storon and retail shops In Shanghai: alone called back an average of 10,000,000,000 dollars:

(in Communist currency)

daily.

London, April, 10.

CIR DRE MESSAGERIES

MARITIMES –

«/»*RINGEND""

are breeky nátided this. thale: chres in belka šlacharged' thi the Host ・ Mank

# "Kowloon Whart & Dadawn andrwn, where it will be at Cobalcómé tha and Mkini-le to Whaờng Khruh

in March. This... în... a further The London Stock Exchange; means by which the Government remained closed on the Easter) knd" conditions et sezon and wheen

Associated

ensures the maintenance

steady marketBetter.

of

D Monday

Press,

holiday.

Pacific For East Live Inc.

Fast Regular Trans-Pacif

TÉRAL AND),

*Denigsë sochiqmary to be left

the : Goderná "Be stamchation

Mouses. Goddard' &· Douzizi. Saturday, kijk, Apr. 1966.

Salle May 2

Arr. May 5

Salls May 6.

Tel. 28172/5.

BEN LINE

TO AND

FAB ESS$

ARRIVALS

FROM

SHIP "BENATTOW" "BENNEVÍð“.

U.K. via Singapore.

"BENCRUACHAN”

+BENWYVIS"

"BENCLEUCH"

*BENVORLIGH” "DENARTY” "BENMACDHUI" "BENALDER"

"BENATTOW". "BENCLEUCH" "BENMACDHUI"

"BENNEVIS" -

"BENWYVI8" "BENARTY"!

"BENCRUACHAN”

"BENYORLICH"

"SENALDER”

London,

DUR

18th Apr.

on or ab: 27th Apr.

*

Both Apr.

9th May

11th May

27th May

6th June

14th June

25th Ju

SAILINGS

Loading on of abt.

Antwerp, Rotterdam, Hamburg

20th Apr.

15th May

Huli.

16th June

30th Apr.

Gonos, Liverpool, Avon"- meath, Le Hivro, .4

Hamburg

Gerida,

Loddon,

Avonmouth, Rotterdam,

Hamburg & Hull,

Liverpool,

di langrove,

Dublin, Havro, Ant-

werp Rektördam.

12th May

10th June

Ard May

Join May

24th June

Vie Malaya, Colombo, Port Budan, Aden, and Suez Canal,

† Accepts Cargo tör Japan,

1. For Further Partieslára, Apply 78-

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

York Building.

Telephone: 34165.

THE EAST ASIATIC CO., LTD.

M.S. “NORDPOL”

Loading 13th/14th April for

ADEN, PORT SAID, GENGA, ANTWERP, ROTTERDAM, HAMBURG, OSLO,

GOTHENBURG & COPENHAGEN

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

Tel. 34111 & 34112

DE LA RAMA LINES

Sailing to New York, Baltimore, Philade

Via Japan and Pacific coast po

°M.V. “AGAMEMNON"

M.S;

DONA NATI?

Kingston, Jamaica if sufficient inducement

Arriving via Manila from

U.S. ATLANTIC & PACIFIC COAST PORTS

MS BENGAL

VANICETA VANCOR

ra May

BUTTERFIELD & SWIRE