1950-04-13 — Page 12

Page.12

THE

MAIL, - THURSDAY, APRILĀ „13.· 1950

ROYAT

SINGAPORE, JAVAS

'PORTS and

MACASSAR

"VAN HEUTSZ"

"TJIBADANE"

"TJITJALENGKA"

ARRIVALS, SAILINGS:

21st Apr.

►

4th May

Only to B'pore, Penang & B. Dell

• MANILA, EAST &

SOUTH AFRICA &

"SOUTH AMERICA

"TJIPONDOK

"BOISSEVAIN”**

"STRAAT MALAKKA"

"TEGELBERG"

In Port

18th May

9th Apr,

8th Apr.

11th May

13th Apr 15th Apr. 1st. May

1st June,

Calling Bingapore, Penang, L'Marques and Durban only.

**Loading 13th and 14th April only.

JAPAN

"BOIGSEVAIN"

"STRAAT MALAKKA"

#BTRAAT 80ENDA"

"TEGELBERG"

FINANCE AND

COMMERCE

TEXTILE INDUSTRY'S PROBLEMS IN INDIA

H.K. Stock Exchange

A quiet day.

HK GOVT, LDANG- (+Long **n.

Dann (1950 ♣ 1940) - DEL

Loan (1948) DOU,

BANKR

KK... Dank '114, 11454.

(ton, New) ARUB Chartered Bank 40 1/1ân, Mercantile Bank A. (N°I; &#246. Babek of East Asla 101b.

*INSURANCEM

13th Apr.

29th Apr.

16th Apr.

19th Apr.

Unión Inm, *.

30th May

15th May

Agents: HOLLAND-EAST ASIA LINE

● EUROPE viɑ MANIKA

and MALAYA

"MEERKERK"

Canton Ins. 825n.

Chris Underwriters En-

H.R. Flew Inc, 200n,'

SHIPPING

Drugikado “2009,

31.K, M. Steamboats 11. India China (Fail) : 29 % 10,

(Del.). 200n.

Sheila (Mentor) - 85/-m..

Union Waterboats 15e.

DOCKS, WHARVES, GOBOWNS, Kle.

•ILK & K. Wharves-Wh

ARRIVALS 'SAILINGS

"RYNKERK”

10th Apr. early May,

"btn 'May. early, Jung.

Asia Nav. 38m, 71ijom.

Through Be/L tenued

10

Mediterranean and Northern

European porta.

JAPAN

"MEERKERK"

"RYNKERK"

5th May

Early June

21st Apr. early May

KING'S BUILDING, ULEI PRONES 2015 10 2801:

DIENEST AGUNANG DA, PONNAUGHTY BILAD, A

Peninsular

SAILS:

AQUIS

NOS SEPARABIT

& Oriental

STEAM NAVIGATION COMPANÝ

R.M.S.

BAGGAGE:

'CARTHAGE

NOTICE TO PASSENGERS

FRIDAY the 14th APRIL ắt NOON for the United Kingdom via Straits, Colombo, Bombay, Aden and Port Said.

ALL passengers baggage must be sent to the Hongkong & Kowloon Wharf Co's Go-" down at NO. 2 GATE, CANTON ROAD ENTRANCE by NOON on THURSDAY the 13th APRIL.

SPECIAL NOTE: With the exception of hand packages car- rled by passengers themselves ALL BAG- GAGE must pass through the Wharf Co's 'Godown for lending on board by ship's slings-ohly-

EMBARKATION: Will take place between 9.30 am. and

11 a.m. on FRIDAY, the 14th APRIL.

MACKINNON MACKENZIE & CO.

AGENTS.

(Tel: 27721-4)

U.S. ORIENT MERCHANT LINE.

BHIP

ARRIVALS

FROM

DUE

1.2. "ANNITSA"

EAST COAST/USA.

Abt.

18th Apr.

## "VÄSBÍL 19"

Bth 'May

s.k. "BOROL"

19th May

}

T. 24185

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

York Building.

: AGENTS.

SWEDISH EAST ASIA CO.LTD.

m.v. NAGARA”

LOADING 18th APRIL

SAILING 19th APRIL

ADEN, PORT SAID, GENOA, MA SKILLES, TA

CASABLANCA, ANTWER

HAMBURG,

GILMAN & CO. LTD.

Horth Point Wharves: Grön.

Shanghai Hoaukew Wharvan 16%, II.K. Dock 17% n.

Chlon Providents Ex, Dir. 10.

hanghai Duckranda 40. Wheelock 2.

ΜΙΝΙΝΟ

Raub Mines 1,699.

H.K. Mines 01.

· LANDR, HOTELS & BIDES.

.. Hutele 01.

H.. Laps 44.

Shanghai Iuris, 1.40h.

lamphreys 101a.

H.K. Hvalties 20.

Chinese Extaten 12in.

PUBLIC UTILITIES, IX. Tramways 18a. Peak Trama (chá) 18.

(New) . Bar Perri Bin. CLights (Old) 11.20.

(New)-8.30

JIK. Klectrilen 26, Macko Electrics 20m. Sandakan Lights B3⁄4n. Telephones. 17. Shanghai Gon ·!}1⁄2m.

INDUSTRIALS Cald, Mac. (Dril) 1km, Canton Ice lyn. Cementa Ex.Rights 113, 115kne, B.K. Ropes 14a.

·STORES, ELE Dairy Farms 39s. Watsons Ex. Rights 2014/28km...

25241 26165,

5. Crawford 2156h, 22mm, Bincere 3.8/us/

China Emperium Bláb,

Kwang Bans. Hong si

Wing Out (II.K.) oz. Wm. Powell, kid, D.

MISCELLANEOUS China Entertainments 154, 15ɛm. HK. Constructions (Old) 3.40.

(New) 1.500. Vibro Puinas 11. Mersman, Luvestmenta „18n. Harman- 12. 10. Varietaxes 44.

Ewue 271b...

COTTONS

RUBBER, ale, COMPANIES Alma - Estates -15}$0. Angle-Datch 30. ADKOLÍKY

S

Bálu “Atama":480 Beto Plantation Chemor United as

hene Rubber in Consolidated Rubbers th Beminion Rubbers 1.89p,

·Kota Bahroo' „Zên, Kroework Javao ilib. Langhals in.

Repah Rubbers on. Rubber ste Si.

Somegnen Rubbers '984, Semambu Rubbers ¡m Shanghai Kedilu +44b, '49». Shanghai-Mainys 197) Shanghai Pahang Jin. Shanghai Bumairas on. Sua Manggla "¿10%. Bungel Darla 17166,

Tebone Rubbers

Tanah Meraha 586, 1988, 160ma.

260. Ziangbe Rubbers 10n.

Money Market

Bombay, April 15.

lla's textile industry is less worried about Japan's ra-antry into the world market as a com petitor, than solving the problems of replacing worn-out machinery and uncertain, internal labour conditions,

Out of the nearly 400 mills. in the country, some 240, or about 60 per cent, are using worn out machinery and produce cloth of inferior quality.

The machinery installed in

a 'good portion of the others is obsolete and labour's go. slow palley coupled with de mands for more pay for leas work is causing -management. a'headache.

the labour,

Industries

in China

New York Stock Exchange

'New York, 'Apell 14.

A late telling drive chapped

[stocks" down by sy

around two boláts

mo

blow

Fout before it got well

numerous

intense mut oled and

above 'lows for the

closed

day

Q

For a short behind in it the high speed ticker tape. The Lite reporting 'transactions.

Burst of activity holster turnover

around 2,000,000 Traders were

ito.

unable to put" a Oniter on any particular hows that might account for theredged *selling.

The market, however, has been rising since mid-June. For months If they can solve

San Francisco, April 11. problem and get enough modern

Light industries under the many brokers have been predlet- Indian North roplacement machinery,

East China Industrialing a relapse.

Artong the losers were Santa Industriallate feel they cannot Department are producing

Pennsylvania Railroad, Baltl- Te existing only malfall their fotaign Markets but also expand more goods at less cost than more and Ohio, Chesapeake and was the case in the past, Fek-Ohio, Chrysler, Goodrich, Dau- Nickel Plate, Bethlehem Ing ftadlo reported 'tonight. Steel;

them.

bulk

It quoted Ogures from the Do-glas, and Zenith,

goosted a bit

were

A block of 5,200 shares of

Dow Jones averagea: Ralls

*Stocks'

The main reason for this be

Charles let stems from the fact that apartment as showing that the

American Broadcasting, large proportion of India's ex-production cost of sulphurie pulp Pfizer, port trade In textiles is limited in the Shih Yen Paper Mill in U.S. Steel, General Motors, Unit- to a few varieties such as Greys, Mukden had been reduced by ed Aircraft, Standard Oil of New

18.46 per

cont compared with Jersey. Bleached. Sheetings and Prisits. February last year, while that of Of these, Greys form the

newsprint produced by the An- of the exports. They are priced ur Mill had decreased Pacific Cias and Electele sold un-

a ready

changed. so low that they find innrket in Malayn and other Farby 20.5 per cent compared with

The

last April. Eastern countries as well as Africas and the Middle East.

Mukden's Government - owned rubber factories now cost 7.7 per So keen is the demand that the cent less and bicycle tyres 27.7" allotted export quota of 800,000,- per cent less than in January last 000 yards for the 12-month period year, the Radia further reported. September 1, 1949 to August 31,

It described na particularly re- 1950, has already been sold out markable, economies achieved by und it is reported the Clovern rubber factory whose driving ment is considering releasing on-belt products had fallen in price other 150,000,000,000 yards dul by 38.23 per cent.

of the ensuing year's quote.

Rubber car tyres mode in 75.04; 20

Industriala 21144; 28 55.54; 10 Vlitics 481 Closing quotations, Adams Express 22% Alaska Juneau 2 American

117 29 230 Smelling Bl

Telephone 1543% Tobacco 09 Waterworks 11%

t

14

Anaconda Cop

Aviation Ave 10%

"As a result of such falling

Baldwin costa, the North East light indus- In the production of Greys, in-try contributed more than 57 bill The Hon North East dollars to the dia's advantage, is obvious.

cloth is of course variety and wealth of the State in the last lower count cotton is used. This quarter of 1940, the Radio type of cotton grows abundantly stated-Reuter. In India

India's hopes

'Hopes of 'textile Industry spokesman that india will ke able to hold her own In the export field are based on the following:

..

1. Japan is a hard-currency area and, there is or acute dollar

are

BANK OF CHINA ACTIVITIES

San Francisco, Aprli 11. Eleven of the 19 Bank China branches abroad have restored -normal

connections with the head office, according to head Mr. Kung Yin-ping,

Sena manager of the Bank who

These branches are in Hong London Singapore,

'Calcutta, Karachi, Chittagong,

shortage in countries that quoted by Peking Radio tonight,

India's present customers;

2. The bulk of India's exports! goes to the sterling area from Kong, which Indin, because of her 'dol-Penang, Kuala Lumpur, lar scarcity, must fargely buy her Bombay,

which

so that the balance of pay-Rangoon and Jakarta, Mr. Kung "meat"

adjusted easily produced is

In a Bank report Mr. Kung 3. The domestically

stated that the Bank of Chiha lower grade ebtton"wh goes become a bank particularly lartely into the manufacture of for handling foreign exchango, Greys and in the production of It has also done good work in which India holds a neur virtual helping exports, transferring se monopoly, has the price advan-mittances of overseas Chinese tage in that Japan must import and controlling foreign exchange. cotton and prices for foreign cot-Reuter. ton are very hight credsta

Industry-conscious and wants to export as much finish- ed products us possible. Conse- quently the availablilty of India short staple cotton" to foreign will be restricted to those which calinot be used by

'Becoming

INVENTORY OF INDUSTRY

San Francisco, April 11. The Commulst authorities In: China are to undertake a thorough Inventory and "survey of all: miries, mills, factories and other operated undertakings

and cp building up and improving traile operative satutions or jointly- connections. And connections ruh By public and private enter

5.

Ind

now has more trade and diplomatic envoys abroad

than over before engaged in By Condizet public

Barnsdall Bendix

endix Aviation 41%

Bethlehem Steel 3614 Aircraft 2814 Boeing Borden

Canadian

Co.

น. Case

50% Pacific 15%

454

Commercial Solvents 17

Corn Products 65% Du Pont 724

Eastman Kodak 47%

General Electric 4014 Motors 705%

Goodrich 86

Goodyear 63%

Homestake Mining 43

International Harvester 27

Paper -39

"Tel & Tel 12%

**

Johns Marrylle 48 Kepnecott Copper 51% Montgomery

3334

National 234

Lead 40% New York Central 1416 Packard Motors 3%

Pan American Airways '9

insylvania RB 17 ∙Corp 10% Reitlington Ruhd 123 Republic Steel 20%,

Schönley

Sp

Sears Roebuck.44% Shell Oll 89% Socony Vacuum 17% Southern Pacific-524 Standard Brands 23%

Oll of Calk, 80%

O of N. J. 711

Studebaker Union Bag 29%

Carbide 15.7% US Rubber 42

"Steel

rice bullt stay for long time, prise, "according to Péking Flodisf

if the customer gets satisfactory tonight.***

goods.

Lines

Sheet & Tube 80% Gen. Pub. Utilities. 17% The bond market was narrowly. The purpose of the survey £;

States GoverÜ- The principle advantage which to provide the State with a com-mixed. United Jopon has over India is cheapier niete picture of the assets, per- ment held steady,

and situation Inall. Lower in the curb ware Im- sondel Tabour costs. Japanede looms are public enterprises. This will periat Oll, National Union Radio, ***** l'autómatle with one mill hand

be of vital importance for the Standard Power.

Higher were Kaiser Frazer, US dollars made a sharp realehdips to more than a dozen development of national indus- Friday's spectacular drop. covery, yesterday afternoon after whereas in India a mill worker trial planning, the Radio dald Northrop Aircraft, Piper Aircraft

cannot attend to more than "a Reuter.

Credie Petróleum, "Affsöchsted" The market, still uncertain pair of looms. from the previous day's shake-

up, opened at HK35.043⁄41⁄2 --but Modern machinery

there was.un obsehtë BL BEVEƒS.

ARGENTINA READY FOR MEAT TALKS

By tiffin time it'climbed to Since labour costs are a "very $0.0544. Opening in the afternoon, important flam-next only to the

Buenos Aires, April 11. news of heavy buying by bir, cost of raw cotton=-the, manu-i

The Sr gain hunters at does sent the price up to 48.1334 and this rate tecture or textiles, thula is try

“to Alice

luce them ""by "dnetur nounced was militained until the close when it was down by a center aflog the importation of mollern to start helt

Brizon TT opened in the morning at exile

autome machinery, equipped with with In HK48.09. In the afternoon busi-automatic looms.

At present the number of such

buchbassy to the ness was done between 86.17-tind

dutómatle loom mills is very low that the talks on 30.18.

Sterling opened at 20C 15.20 and great efforts finust still be Argentine

Hade and closed fit 15.15.-

Australian Bolincs were Ma- Hills

This tionary at HK$12.50

Press

NY RUBBER

New York, April 11. ...Crude rubber No. 1 futures closed 35 to 60 higher with sales of 78 contracts.

May

July

96ptember

December

23.60

02:80

20180 maked

20:30

Spot No. 1 ribbed 'smoked

dmy decis 43, 8/8 tipmipl

Jed Press.

Ministry

aprogoth sides but,

the

Kwik is, believed that,

'Piastres renatbed nominal. "tit | tank will still balaffew years: féllente.. discussions wu xe

at before Japan regains her pré uhllerway then as both sides are,

Before the

flon "drops "aDY

However,

fodernise the

ppreciable

on that day.

circles be

Jieve

NEL Guilders sifter openi

HK-43. a 440, went up to $450

at

the logo.

unchanged

at

then britsig ling strando

part

LONDON STOCKS

London, April 31. ⠀⠀ Stocks fotfed along in harrow

war texille strength and during and for all Rauber bangtan ranga (on the Stack Exchapin the nterval India will be able to muke Tretik hebdway,

oblom

anxious to instile the matter once

RED DEAN LEAVES

FOR AUSTRALIA

In subdued post-Easter

An' exception: was dollar, stocka which showed light gains ‘re-- |fecting thỏ: récent upward trend cy Well Street Rubber shares

Index Associat

VEMENTS

The Global Fleet

S. S. PRESIDENT CLEVELAND

will sail for

SAN FRANCISCO

Vio

Kobe, Yokohama, and Honolulu

on.

Friday, April 14, at midnight

Passengers are requested to board the vessel Friday, April 14, 1950 between 0.09, P.M. and 10:00 PM.

:

Baggage Room and hold baggage will be received in Kowloon Godown No. 50 (No. 2 Gate, Canton Road) on April 13 from 9.00 AM. to Noon and 2,00 P.M.

to 5.00 P.M.

BEN LINE

TO AND

ARRIVALS

..FROM

CHAP "BENATTOW" "BENNEVIB"

U.K. vie' Bingepbře.

*BENCRUACHAN”

+"BENWYVIB"

"BENCLEUCH"

"BENVORLICH" "EENARTY"

"BENMACOHú?” "BENALDER”

SAILINGS

DUE

160*ARC

on or ab, 27th Apr.

soth Apr. 01h May 11th May / 27th May

8th June

1ith Jung

28th Ju

4.

London, Antwerp, 'Ardam, Hamburg

Hull,

Loading on or abt.

"BENATTOW" "BENCLEUCH" "DENMACDHUI”

20th Apr,

18th May

16th June

Genon, Liverpool, Avon- mouth, Le Havre,& Hamburg.

Soth' 'App.

"BENNEVIB"

NWYVI6" ENARTY

"BENCRUACHAN”

"WENVORLICH":

"DENALDERY

'Gença, "Avonmouth, London,

'Rolterdam,

Hamburg 4 Hull,

12th May

10th June

ård Max

Dublin, · ́Havrp," "Ant-

20th May

29th June

Liverpool, Glasgow,

Warp 4 Rotterdam.

Vie Malnya, Origmby, Port Budan, Aden, and, Buez Canal.

Accepte Caron for Japan.

For Further Farticulars, Apply To

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

York Building.

Agents

Telephone: 34165.

THE EAST ASIATIC CO., LTD.

M.S. "NORDPOL

Loading 18th/44th April

for

ADEN, PORT SAID, GENOA, ANTWELF, HOTTERDAM, HAMBURG, OSLO, GOTHENBURG & COPENHAGEN

THE EAST ASIATIC CO., LTD.

218 *loor.

Tel. 34111 & 24112

DE LA RAMA LINES

to New York Japan, and ?M.Y. “AGAMEM

Tambica

U.S. ATLANT

NICETA NCORES!

Itimore, Philadelphio, cific coast ports

BUTTERFIELDY

23rd Apr.