1950-04-22 — Page 12

Pago 12 7

THE CHINA

SATURDAY, ABRIL. 22, 1060.

ROYAL INDIVOCEAN

SINGAPORE, JAYA

4

PORTS and

MACASSAR

"TJIBADANE"

***VAN HEUTBZ"

"TJITJALENGKA"

• Only to B'pore, Penang & 0 DIN

MANILA, EAST &

SOUTH AFRICA &

SOUTH AMERICA

*TJIDADAK"

ARRIVALS SAILINGS

Apr. 6th May 11th May

In Port

- 26th

2nd May

6th May

1st May

In Port

6th May

13th May.

1st Juna

"STRAAT MALAKKA":

*TEGELDERG"

Not proceeding to South America

**Not calling Manifa

JAPAN

"TJIBESAR"

"STRAAT MALAKKA”

"TEGELBERG"

4th May 30th May

6th May

16th May

Agents: HOLLAND-EAST ASIA LINE

EUROPE via MANILA

and MALAYA

"MEERKERK"

"AYNKERK"

Through

BI/L Issued

ARRIVALS SAILINGS

12th May

carly June

6th May 1st Juho carly July

to

"LANGLEEBCOT"

Mediterranian and Northern

European ports.

JAPAN -

"MEERKERK"

"RYNKERK"

"LANGLEESCOT"

18th May

6th May 31st May early July.

early Juhe

„KING'S BUILDING, TELEPHONES: 28015 TO 28017

· CHINTAL, AGENTS, RE CONNAI6I1 || RAPAM, C. ĐÈN JE, 25141

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 COVE"

"PIONEER MAIL"

"PIONEER BAY"

SAILING TO MANILA

May 4

May 17

.May 30

"PIONEER COVE" (vin Yokohama. Takubar) May 5 "PIONEER MAIL" (via Yokohama)

FINANCE ANO

COMMERCE

British Made with Red

China up

Hong Kong Stock Exchange

For 50,mo weeks how the Market has beon In a depresidð mood. Nothing is inharcolly wrong with the Companies but there seems to be an overhanglrig. cloud of pessimism and at the moment thefe does not appear to be any bright spots to case the situation.

Unior of Canton will pay dividend of 32/0

ព

in the air

London, April 20.

N.Y. Stack Exchange

New York, April 20.

The stock market pulled ou of a short but violent selling drive in good style today. Final prices showed a heavy weight

British trade with Communist China is all up in the air and there is no telling when it may settle down, The President of the Board of Trado, Harold Wilson told the House of Coming on the minus side. mons today.

"It is not yet possible to make a realistic assess- ment of the future trade possibilities with China," Mr. Wilson said in response to a question from Labourite. Leslie Hala, who represents the textile machinery manufactur- ing town of Oldham, Lancashire.

"

"Our tradors including, exportors of textile ma-

chinery are encountering many difficultios, Mr. Wilson said.

He ascribed these troubles to three factors.

1. The Nationalist blockade of

Dairy Farm will pay a divi-China-which has included the dend of $2.50 free of lax. It is bombing of seaports and the shell- also proposed to Increase the ing of merchant ships. Capital of the Company in the

2. Unsettled conditions in following manner; (1) To all Chloa iself, trowing trom the up- shareholders registered on Mayheavals of the recent civil war. 24 a bonus share In the ratio ofi

3. Uncertainty

about trade one for out will be issued and controls Imposed by Communist credited as fully paid and to ranks Central People's government for dividend as from January 1,

Mr. Hale said, very (2) At a later date, but only to those registered on May 24, a new issue will be offered of one for one at $7.50 per share to be paid up on September 30 and these to rank for dividend" as from July, 1. 1050,

4

16

*

1.K. GOVT. LOANS Loan 90.

Lunn (101 & 2046), pgb Lann (1943) "066,"

BANKS

JL.K. & 8. Bank inida.

(Long) £71. Charter fank £0 5/160. Mercate Bank A. & 1. £230, Bank of East Asia 1045).

INSURANCES

Canton In. 157.

Unkan . Eztth.

China. Underwelters En.

M.K. Fice Ina, Bonn.

SHIPPING

Douglases 2001.

1. 4. Stremboste lin. Indu China (Pret) 8940.

(Def.) 200n. Shells (earer) 11015. Union Waterbonte Ks.

DOCKS, WHARVES, CODOWNA, Ele

H.K. & H.barys 50.

North Fell Wharves 6.60,

Shanghai Hongkow Wherves LED. H.K. Docks 17.20.

China Provident 106. Shanghai Dockyarda 3.0, Wherlocks 250s.

MINING

Haub Mines 4.70.

1.K. Mines 0tlýn.

LANDS, BOTELS & ELUCE. II. & S. Balok

HK, Lands x 40.

Shanghai Lenda 1,556."

Humphreys 20.

.May 18

"PIONEER BAY" (via Yokohamu, Fusan,

Takubár).

May 31

H.K, Reklife 10.

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

Arr. Apr. 27 Sails Apr. 29

"PIONEER SEA"

"PIONEER COVE" "PIONEER-MAIL"

"TIONEER BAY"

May 28 • May 30 June 5 June 20 For rates, special, information call

บ

June 7 "Junë:28"

1

UNITED STATES LINES

Queen's Bldg.

COMPANY

*Bol. 28126

The above Dat indicaten (ka pelaripal o arta of. loading and diechares presently intended. but not shot rol atfen. For further Intake- Elon reachedris at the Company's

Oce

U.S. ORIENT MERCHANT LINE.

BHIP

LA "ANNITBA"

1.8. "VASSILES"

"CRETE":

..TAIIQŃ"

... "SOROL?

ARISTEDES"

ARRIVALS

Chinese sites 1240.

PUBLIC UTILITIES

it.K. Tramways 12am. Peak Tram (Old) 18.

(New) 01a.

Star Ferri tn.

C. Lights (Old) 11.20%, 10.00am, (New) 20%.

JL.K...Electrica_2džáni..

Hinen Electries Ek.Div, `18

Sandakan Light Brin. Telephoner. 14an."

Bhanghai 44 15.

"INDUSTRIALS. Cald. Marg, (Ord.) 28. Caston Tres 3 Erments 11-40m. H.K, Ropei n.

STORES, FIC

Dairy Farma 37, 37/36.

1+

Watsons Ex, Righta 236, 24/10 10.

L. Crawfords '22n.

Hinges 8.30.

China Emporium, 104,

Sun Co., Ltd. 7.

Kwong Bang Hong 100b, 101,

Wing On (ILE) (2),

Wm. Juwell, Ltd. vn.

MISCELLANEOUS

China Entertainments 14. II.K. Gosateetione' (Qld) 2.40s.

(New) 1,300,

Vibro Time 1114-

Maraman Investments 9/-n. Mateman (HK) - Jn. filanghai Loný LJAN..

Yangtries 1.50.

COTTONE

large for textile machinery orders were placed from China before the Communia! advance swept over the whole country and sub- stantial payments on the pur- chases

werd made when orders were placed.

The orders are of vital m- pariance to the maintenance of employment in Oldham and else- where," said Mr. Hale, and asked bluntly:

the

"How soon will the difficultlys be resolved."

No sure-answar

Canton Insurance Office dividend

The General Agents and Consulting. Committee of the Cantan Insurance aco.. Limited, will recommend at the forthcoming ordinary yearly meeting of

bare holders on May 17, payment of a dividend of $15 share free of tax, absorbing 4750,000, the transfer of $790,000 to Rar senyes and to carcy, forward $462,277

The sum of $1,000,00p, has been transferred to the . In- Burance - Fund. Additional Re- Carva in the Underwriting account and, the Proft, and Loss Account has been credit. ed with a provision for taxa- tlon not now required amount- ing to $1,268,07.1.

Trade talks in Tokyo

Mr. Wilson could give him, yo sure answer. He said the orders for texille 'machinery totalled £10,800,000 but it is quite uncer- tain how much textlie machinery Will bo imported by Chlag under the present Chinese Government. Both the uncertainty and the which Mr. Wilson dis- caution played

typical of puzzled Britain's patient hopefulness in trying to rebuild Its relations Tokyo conference today. began with China ilace the Communist outlining concrete views on conqueat.

how to solve Asia's basic trade problems.

are

Tokyo, April 20. American specialists at the

The Foreign Amee now is cam- Ing under attack from sonje newspapers because lis recugo- Seven committees, which have tion of Mao Tse-tung's govern- studied broad problems assigned ment has not borne quick diple-to them, began making both verb- matic and commercial fruit. al and written. reparis to the full The Liberal London "Star" session of 23 delegates. They will cried today that trade worth a complete their reports tomorrow feast £300,000,000 a year to Briand conclude the conference on tish commercial Interests may Saturday morning. have to be régórded as lost.".

Quotations in many cases, bɔw¬ ever, were well above the lows for the day. Losses fan to an extremo of about three points while galas were mostly frac tional.

In the final hour of trading, ale most without warning offerings of stopk began to flood, thọ mar- ket, and quotations fumbled, For mpa lagged

behind" floor trans- Lapa

the selling dribbled

nearly 10 minutes, the tlckor

actions.

But

came, and

as quickly. ค it buyers picked up courage.

Alively rally storica ifted

losses

which

| trimmed to: | បទ ps were 2,500,000 shares.

to the plus coluinn.

bundred and eight issues 230 advanced.

declined and

Brokers

drog ta

attributed the afternoon case of nerves among

to a cuso

the new

Nowa

traders. There was nothing' in to explain it. Most of the 15 most activa atdeks were gainers,

Magnavox,

Emerson

ment, and

General Instru-

Union.

21%

3

Closing quotations Adams

Alaska June

American Ca

+

i

IV

M

Smelting 53%

-1644 0872

Anaconda Copper 30% Aviation Corp. 03. Baldwin Locomotives 10 Barnsdall 61

Bendix Aviation 41% Bethlehem Steel 37% Boeing Aircraft 29 Borden Co Borden Canadian

076

FILL Caso Chrysler 0766 Colgate 45% Commercial

454

Solvent 17%

Corn Products 68

Du Pont. 71%

Eastman Kodak 47% General Electric 48

Motors 81

Goodrich 87

Goodyear 52

Hamastoke Mining 421⁄2

International Harvestor 26%

Faber 404. Tel & Tol: 14%

Johns Manvilė 48 Kennecott Copper

52% Montgomery Ward 6334 National Distillers 2314

Load "414 New York Central 144 Packard. Mofora. 35%

Pan American Airways 10% Pennsylvania, AR 17. Radio Corp. 2241

Real Silk 12%.

The Forelat Office offered no commendations or proposals toon Rand 12

Washington.

Details of the reports were not It sald British businessmen in

revealed. Neither was there Shanghai have suggested Britain definito indication whether the ought to retellste by refusing to conference would make specine buy Chinese gonda.

sympathy to this view, however.

But the reports themselves will Informed ometals show there. Is be available to Washington om- no readiness on Britain's part to try-to-get-lough with the Comcils How embarked on a pro- munist regime Suggestions that ramme af trying to glye Astatic trado a maximum crease. Britain might withdraw her re They represent the consensus cognition of Mao Tse-tung were American omelols. familiar with rejected outright by Foreign Omeasconamle conditions in the 13 spokesmen..

Openly snubbed

archa under survey.

Steel

28

Reynolds Tobacco 30% Schenley 32* Seara Roebuck 44%. Shall Oil 3784 Socoby Vaccuum 17. Southern Pacific 53%

Brands 23% Oil of Calif. 6516. Oil of N. J. 2014.

Standard key

The committees are faced, with these problems: prospects, for in- creasing trade within Asta and The Conservative "Evening between the, Orient and: the rest News" has expressed belief that of the

the effect of tarift J. C. Hutchinson, British Charge controls and.

The possibl d'Affaires in Peking, 18 being ity. of ignored or just openly-snubbed by means of

capital” în- the Communist "government. Vestments and providing technic

Tsistance under, Point Four: Government parifcipation in trade, including the position of Com munist-controlled areas and the bottleneck caused by exchanged restrictions..

Informed British sources Insist Wenubbing" is, the wrong word, although Mr. Hutchinson has seem Chinese Communist oficials only twice, the last time being an in terview more than a month ago

Britain, keeping quite stif

The subjects before each com- about the causes of delay and witgo were agnounced for tha official public statements in ap first time tonight in a brief re- swer to Parliamentary questions Icase.Associated Press. give the usual view that no re= |*** volations. ara passible as long a

negotiatquently the Foreign

are going on.***

FROM.

DUS

EAST COAST/U.S.A.

Abt

20th Apr.

Kw 2.000.

...do-

8th May 15th May,

10th May,

Money Market

willi

19th May; 6th June

-do-

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

AGENTS.

York Building.

· Tel. 34165

ISTHMIAN LINE

(Isthmian, Steamship, Company, New York

S.S. “STEEL ADVOCATE”

LOS

LOADING 11th MAY SAILING 12th MAY

ATPAGELES & NEW YORK,

TANK

CANAL Recomm Hon Available,

BULE OILS

GILMAN & CO. LTD.

Once

npt kay even what the negp tiatigos are stumbling over

COTTON YARN EXPORTS

Studebaker 31% Union Bag 20.

Carbide 484 US Rubber 40% 500-32 Lines 10% Westinghouse 35

Sheet & Steel 81% fizi Rall bonds declined." Curb losers Included Cities Ser- vice, Claude Neon, Piper Aircraft, Technicolour, United" "Lines,—Ap- |sociated;Peraq....

Attempt to smuggle medicines From HMS Triumph

Kure, April

Onicially the talis concern cop- The Department of Commerce US dollars climbed to FIK$0.20 ditions for the exchange of Amand. Industry said yesterday that An alert sailor yesterday. yesterday after opening at $0.171.bassadors. A At the close the rate was down

cotton yarn is being oxported by foiled an attempt to smuggle Eventually the British believe, certain Arms as of China origin, a Targe quantity of penicillin fhält ú paint, ta, $6.10

the difficulties will be ironed out. when in fact it is not. Chinese. Opened at $0.22 and Informed quarters will not even

Arrangements have now been streptomycin and saccharing closed at $0.243.

oder aucus on when Sterling and Australian pounds will com

that: time maid with the Hong Kong froin, tip aircraft carrier HMS:

General Chamber of Commerte Triumph to a Japanese stepmo were both up' five cents, to HKS

While some scitics now say that that an application to the Chambouri in Kure, 14.00 and HK$12.70 respectively Britain may bave blundered, by ber for at Certificate of Origin in Alicected by: a woulling holest

Plastres rensined nomipul at recognisings & tho "Communists, the case of yarna" bk Chinesa | the seaman npiped several of, the. HK$11 a 100.

Foreign Office sources Point dut origin must be supported by a Triumph Chinese grow: Josina hat these same critics, approved copy of tile relevant Import Des bundica andamali bales, ing the for recognition, when it was grante: feminiibna duly stamped, by the: skuamboat; which had going plans. NET Collders were quotected last January.

Ked) Départment at Commerce and side. The seamen called, the on-

Ticals at HK$26.50 a 100 were unchanged, peamine alka

; nomirial: at::TIK $5,80: 6: 100,7

Pacific For Exis Love

Fist Regular Tra

cer of the Day who played

darchlight on tap, waler,

When the “steanikoak

oncupio i was overtaken (34) Triumph'a: launches Be

197-Bayan/Mayanese and, twn Chly] musa, desorfora, from, the merchant ship Talnang where wstodaboard were/arrestedėmunited Emää.

MON CLOSED

The Glóbal Firek

TO HONOLULU & SAN FRANCISCO

viq JAPAN

"""General Gordon".

"President Wilson” "President Cleveland"

Arr. May

Arr. May

1 3.

¡Arr. May - 28

Salls May Sails May Sails May 20

4

TO SAN FRANCISCO & LOS ANGELES

"President Taft" "President Madison"

via JAPAN

...Arr ̈Äpr. 20 Arr. Blay 8.

Saila Apr. 30 Skills May

*Collog. Taku Bar & Tsingtan

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

"President Fillmore" *** ***** Arr. May 13

"Pr

....Arr. June 10

ROUND THE WORLD

Sails May 14

Sails June 11

VIA MANILA, SINGARORE, COLOMBO, COCIAŃ, KOMBAY, KARACHI, SUEZ, PORT SAID, ALEXANDRIA, NAPLES, MARSEILLES, GENOA, NEW YORK húð BOSTON "President Harding".

.Arr.. May 1

3 Salls May "President Van Buren" .....Arr. May 15. Sails May 16 TO JAVA & STRAITS

"President Tyler”

St. George's Bldg.

Art. May 7

1

Sails May 8 Tel. 28172/5.

BEN LINE

SHIR “DENALTOW" #BENNEVIS

“BENGRUACHAN”

"BENCEEUCH" "BENWYV16" NBENVORLICH” "BENARTY" “BENMACDHUP "BENALDER"

"BENATTOW**

NGLEUCHT.

H

ARRIVALS

FROM

SAILINGS

DUE

In Port!

29th Apr.

30th Apr.

on or abt,

11th May

14th May

27th May

stb. Juba

11th June

25th June

Loading on or abt.

London, Antwerp, Rotterden, Hamburg...

Gença. Liverpool, Avon, mouth,'-La Hayes, Hamburg

Gonga. Avonmouth,

24th Apr.

18th May

16th June

HARNNEVIA”

30th Apr,

"BENWYYI6”

London, Rotterdam,

17th May

Hamburg & Hull

10th June

CHAN

3rd May

30th May

291) June

+

Liverpool, Glasgow, Rubin, Havre; “Ant; weep & Rotterdam.

Via Malaya, Colombo, Port Sudan, Adeh,' and Buez Canal.

† Accepts Carga ́ for Japan.

For Further Fortfcufare, Apply For

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

Agents

York Building

Telephone: 34105, › ́

THE EAST ASIATIC CO., LTD.

M.S. "KAMBODIA "

Loading 3rd May

·for

ADEN, PORT SAID, GENOA, ANTWERP, KOTTERDAM, HAMBURG, OSLO, GOTHENBURG & COPENHAGEN Tanks available for the carriage of oil in bullo

THE EAST ASIATIC CO., LTD.

DE

Salling)

:34དད་ ༼* ས་ཐ

LA RAMA LINES

Japan and

ltimore Rhi

elphia