1950-05-10 — Page 14

THE CHINA 'MAIL

DAY,

1950.

RÖYAE INTEROCEAN LENUS

, SINGAPORE, JAVA

PORTS and

MACASSAR

"TJIMENTENG"

"TJISADANE" "VAN HEUT6Z"

D MANILA, EAST &

SOUTH AFRICA & SOUTH AMERICA

ARRIVALS SAILINGS

13th May

20th May

24th May

28th May

"TEGELBERG"

14th May

"TJISADANE"

"TJIKAMPEK"

"STRAAT BOENDA"

16th June 18th June

"RUYS"

8th July

JAPAN

"TJIMENTENG"

"TJIKAMPEK"

"TJISADANE"

"AUYS"

"early July

6th June

27th July

bih June

25th July.

20th May 18th June 20th May 10th July

Agents: HOLLAND-EAST ASIA LINE

• EUROPE vie MANILA

"RYNKERK"

"LANCLEESCOT"

"MÁRIEKERK"

and MALAYA

Mediterranean and Northern

Through

BoXL fonund

European porte.

10

JAPAN

"AYNKERK"

"LANGLEESCOT"

"MARIEKERK"

to

FINANCE AND COMMERCE

ECONOMIC GAINS FOR KOREA NOTED BY ECA

Hong Kong Stock Exchange

with:

Market ,remaux, dull practically no turnover. The only business was in Dairy Forms and Watsons which changed hands at 530 and $20 with further buyers.

H.K. GOVT. LOANS

4% Loan 98b.

Loan (1934 & 1840) 986. 34% Loun (1948) 98n.

3

12th May

early June

early June early July

ARRIVALS SAILINGS

sarly July carly Aug.

18th May

early June

Carly July

early June

early Aug.

carly July

12, KING'S; BUILDING, TELEPHONES)" 28915 70. 28017"

(PSCHINENSAGENTS6-8L, CONNAUGHT ROAD, E, FEIN) 3119%, 25132

70819

ISTHMIAN LINE

(F-thmian Steamship Conipany, New York)

DIRECT MONTHLY SAILINGS TO NEW YORK

VIA LOS ANGELES AND PANAMA

STEEL ADVOCATE"

.In Port

*STEEL SURVEYOR” “STEEL EXECUTIVE"

.22nd Juno

.23rd July

Tanks available for Bulk Oil.

SAILINGS TO SAIGON, BANGKOK & DJAKARTA (BATAVIA)

STEEL AGE"

ARRIVALS FROM U.S.A.

"STEEL AGE" "STEEL SEAFARER"

.17th May

Sails N. Y. Salls S.F. Duo H.K. Salled Sailed 16th May 17th May 3rd June 24th June

GILMAN & CO., LTD.

Tel. 31140

-Chinese-Freight-Agents:-HIN-FAT-&-CO., LTD.

Tels: 28823, 25683 & 23483..

SWEDISH EAST ASIA CO.LTD.

ARRIVALS FROM EUROPE

m.v. "BALI” m.v. "SUMATRA”

.28th May

..End June.

SAILINGS TO EUROPE

m.v. TONGHAF" m.v. "BALI”

.16th May

..15th Junu

FOB

ADEN, PORT SAID, CENOA,, MARSEILLES, TANGIERS, CASABLANCA, ANTWERP, ROTTERDAM, BREMEN, HAMBURG, COPENHAGEN, OSLO & GOTHENBURG

GILMAN & CO., LTD.

m.v.

Tel. 31140

SWEDISH EAST ASIA CO.LTD.

TONGHAI

LOADING.' 16th MAY

SAILING

17th MAY

For

TANGI

SLO OTHENBU

'PORT SAID, GENOA, MARSEILL

ANCA, ANTWE

COPENH

GILMAN & CO. LTD.

29

BANKS

II.K. & S. Bank 1250s.

(Lon. Reg.) 17in. Chartered Bank C0 8/10. Mercantile Bk. A. & B. £22 3 Bn. Mercantile Bk. A. & B. £22 3/8n. Bank of East Asia 296.

INSURANCES Canton Ins. Ex. Dlv, 300. Union Ins. Ex. Div. 550. China Underwriters in,

HK. Fire Ins. 200n.

SHIPPING

Douglases 200n.'

H.K. & M. Steamboats 11n. Indu Chinas (Pref.) 89in

# (Def.) 200n.

Shells (Bearer) 03/-n.

U Waterboats Ex. Div. 205. Asia Nav. .606.

Docks, Wharves, Godowns, Etc. H.K. & K. Wharves Jon. North Point Wharves 6.60n. Shanghai Hongkew Wharves 10n. Ji.K. Jocks 14in

China Providents 10in Shanghai Dockyards 3.700. Wheelocks 2ib. 21sa.

MINING

Mines

4.700. Roub H.K. Mines .01in.

Lands, Hoteis A Bldgs. II. & S. Hotels ILK. Lauds 30n. Shanghal Lands .90n. Humphreys 8n. H.K. Realtles 20. Chinese Estates 124n:

PUBLIC UTILITIES H.K. Tramways 101n: Peak Trams (Old) 18n.

(New) 9ån. Star Ferries 75n.

C. Lights (Old) $.80n.

(New) 4.80n.

1.K. Electrics 20s.

Macao Electrics son below, Sandakan Lights Bin.

Telephones 143n.

Shanghai Gus

u

INDUSTRIALS Cald: Macg. (Ord.) 26n. Conton Ices 3in. Cenients lin.

H.K. Ropes 13n.

STORES Auto Dairy Farms 30b, 30sa. Watsons 20b, 216, 2043. L. Crawfords 22n. Sinceros 3.80n.

Washington, May B.

President Truman transmitted to Congress the quarterly ECA report, which described in substance economic gains for Korea, except the inflation, which it blamed on Government daficit spanding.

The report covered the final quarter of 1949. Since that time, the U.S. Ambassador to Korea, John Muccio, commented that Korean reforms should succeed in controlling inflation.

JAPAN-URUGUAY TRADE PACT

However this ECA report for the last three months of "The Republic of 1949 said Korea continues to suffer from rising inflationary

pressure The basic

cause of financial instability was the sharp in-

Tokyo, May 8. crease in the scope and rale of

The Trade Ministry announced! Government deficit financing today that the Governments of "Accelerated opending for Japan and Uruguay have agreed and to extend indefnitely the trade security forces (military police was the principal element.

May last year. It in the monetary deficit: Contri- ontrouded between the two

countries in buling heavily was the polley of was to have expired at the end subsidising major governmental of this month, enterprises and services, includ

ing coal, power, rallway's and utilities, without a commensurate expansion of Government ro- venues."

In other fields, however, ECA reported substantial

Under the agreement the two countries were to exchange $10,- 000,000 worth or goods.

Trade, Ministry Sources said!

of Japan sold $800,000 worth godds while importing $3,090,000 economic worth of wool and casings for n gains. Commenting on these, the

deficit of $2,600,000. report said: "Through Its own Government sources expect an efforts, and aid supplied by the

purchases United States, the Republic of increase in Uruguay's Korea can serve as a nucleus for from Japan when the next series the eventual peaceful unification of unport licences is issued by of the entire country on a demo- Uruguay next month.-United

Press cratic basis," Among the gains Pres Usted were, Agricultural output bar exceeded the pre-war level, and Korea is once more an ex- porter of staple cereal rice. Manufacturing activity, power output, and coal mining, have increased markedly. Rail Toods have been repaired, and

growing volume

serve traffic."

d

Privata trado

electric

of

The report also said that the Koreans are making a concerted effort to Increase private trade It added: Japan offurg'a most promising market:"

LONDON STOCKS

London, May 8, Gilt-cred securities suffered small losses after early firmness on the London Stock Exchange. There was a general note of eau- tion and hesitancy through all sections of the market as traders awaited the result of the forth- coming three-power conference here.

Financial Times' Index: 108.1. Associated Press.

MONEY MARKET

U.S. Dollars opened yesterday i

HK$6.005

and closed HK$6.055.

As an example of ECA efforts to increase foreign trade, the re- port mentiqued ; "Building of at fishing vessels which would In- crease the output of marine pro- ducts, and provide exports to Japan," The report said the ECA

programme for the remainder of for Korea the 1950 scal year Includes:

(1), Provision of raw materials and semi-finished products for the operation of essential indus- tries and transportation facilities. (2), Increased' coal and elec- tric power output..

ut

TT opened at HK$8.13 and closed at HK$8.10.

Sterling Was quoted at HK$15.55 and Australian pounds HK$12.80.-

NOTICE TO CONSIGNEES

Consignees per

a1

5.3. "BENCLEUCH" are hereby notified that their: (3), Increased agricultural cargo is being discharged into production to provide an export the Hong Kong & Kowloon surplus of rice.

Wharf & Godown Co's godown (4). Development fishing where it will be at consignees' and mining Industries to add to tlak and subject to the Wharf's exportable surpluses,

teins and conditicus of storage and where delivery may be obtained.

of

(5), Assistance in the training of Korean technicians for work in felds related to Korean recon 240nstruction and economic develop

Chlua Emporium 100. Sun Co.. Ltd. n. Kwong Sang Hong 8s. Wing On (H.K.) 6280. Wm. Powell, Ltd. 9in.

MISCELLANEOUS Kments 140,

(Old) (New) 1.300. Vibro Pilinge 11in. Maraman, Investments 9/-n. Marsman, (H.K.) 70n. Shanghal Loan in.

China

Yongiszes 2368.

Ewo* 2.800.

COTTONS

Macao Elec. C. Ri 18.

Ex. Ris. Tin. Rights in

RUBBER, etc COMPANIES. Alma Estalca 14i. Anglo-Dutch .300.

Anglo-Javas 15n.

Batu Anams ‚1Qb.... Bute Plantations 400.

Chemor United 60s.

Cheng Rubbers. 100.

Consolidated. Rubbers · 1,800. Dominion Rubbers 1.300. Kota Babroe .306 Kroewoek Javan.10. Langkats in.

Padang Rubber# .05). Repah Rubbers 106. Rubber, Trusts Zis. Samagaga Rubbers Semmbu Rubbers15b. Shanglial Kedahs 41. Shanghal-Malay 10-n. Shai Thái Plain 600. Shanghai Sumatras" ine Sun Manggis 100. Bunge! Duris 18h!! Tanah Mérals:71552 Tebang Rubberæ::10b,- ;15k, - Zlangbé Rubbers »,50h.

ment."

Aid for KMT

Damaged packages are to be ieft in the godowns for ex- amination by Condignees and the Company's surveyors; Missrs. Carmichael & Clarke The report sald that aid to the at 10a.m. on May 12, 1950 mainland of China ended with: To comply with the General the fall to the Communists of

Canton and Swatow, and the re- Bonded Warehouse Regulations: moval of the Central Government consignees must have a Re

economic said: report.

are examined.

New York Stock Exchange

New York, May 9. Prices were pretty well jumbled today as the stock market moved inconclusively. Gains outnun- bered 10 ses but the losses 011 average ran heavier. Geld min- ing shares sparked into Ute briefly and added fractions.

Benguet Mining, the Philippine gold pro- ducer, was the day's most active issue, up at 1%.

24

International Malng, whose re- venue. comes from gold and ni investments, was the second most active, closing unchanged at nine Several new hight were made in the oil group, and utilities edged into a new high for the year.

Radio Television issues were Transfers totalled neglected. 1.880,000. Volume fell as prices dipped.

Con- Donie

Brokers termed the session 1

rise to a new peak. breathing spell after last week's

were Among gainer

Gas, solidated Natural Mincs, Climax Molybdenum, Al- Chemical. Chemical. Dow Bed Gulf Oll. Sinclair Oil.

Dow Jones Averages: Stocks 77.11; 20. Industrials 210.71; 15 Ralla 58.42; 10 Tulities 43.45.

Clesing quotation Adams Express 225 Alaska Juneau,31%

American Can 11434

•Anaconda

54

89

Waterworks 10%

COPP

Aviation Corp.

31

Baldwin Locomotives 101%

Batesdall 64

Bendix Aviation 40 Bethlehem Steel 37 Boeing Aircraft 20% Borden, Co, 51% Canadian Poeltic 15% J. I. Cafe 4312

71%

Chrysler 1144 Colgate 44%

Commercial Solvent 17 Corn Products 67% Du Pont

734

Eastman Kodak 46%

General Electric 49% Motors 845

Goodrich 885

Goodyear 62%

Homestake Mining 45%

International Harvester 27%

M

Paper 42

4

Tel & Tel 13% Johns Manville 48% Kennecott Copper 55 Montgomery Ward 50% National Distillers 22%

Lend 41

41

New York Central 14% Packard Motors 8% Pan American Airways 9% Pennsylvania RR 10% Radio Corp 20% Remington Rand 12% Republie Steck 31% Reynolds Tobacco 38 Schenley 31 Sears Roebuck-44-

Shell Oil 42

ཝཱ་

Socony Vacuum 17% Southern Pacife 54% Standard Brands 24

Oil of Calif. 66 Oil of N. J. 73% Studebaker 337% Union Bag 20

Carbide 48% US Rubber 43%

#Steel 32

Lines 15%

"

Westinghouse 3424

Youngstown Sheet & Tube 82%

Gen. Pub. Utlilles 17%

Bonds. were dull US. Gov- crnmont, Issues

were higher.

to Taiwan.: Aid continued to venue Officer in attendance Among curb gainers were Loul Taiwan, where the arrival of the when damaged dutiable goods slana Land, Creole Petroleum, government caused

Cities Services Associated Press. dimculties, Thë "Under normal conditions, the No claims will be admitted Taiwanese economy is relatively after the goods have left the well balanced. The island is able steamer's godoway, to provide many of its own needs,

The Global Fleet

TO HONOLULU & SAN FRANCISCO

"President Cloveland" "General Gordon" "President Wilson"

via JAPAN

Arr. May 28 Arr, Juno

Soils May 20

D

Salts Juno 10

...Arr. June 18

Snils Juno 19

ANGELES

..Arg. May 11

Sails May 11

Sails May 18

TO SAN FRANCISCO & LOS

"President Madison"" "President Plorco"

via JAPAN

....... Arr. May 17 "Calling_Taku' Dar & Tsingtao

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

"President Fillinore" "President Tyler"

.Arr. May 14

Sails May 15

.Art. June 10

Sails June 11.

ROUND THE WORLD

VIA MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAY, KARAĆIII, SUEZ, FÓRT SAID, ALEXANDRIA, NAPLES, MARSEILLES, GENOA, NEW YORK and BOSTON Arr. May 22 Salls May 24 "President Jefferson"

Sails May 24 "President Van Buren"......Arr. May 23

TO JAVA & STRAITS ...... Art: May 26

"President Grant" St. George's Bldg.

Salls May 27' Tel: 28172/S

BEN LINE

SHIP

"BENCRUACHAN"

"BENCLEUCH" "BENWYVIS" "BENVORLICH" "BENARTY" "BENMACDHUI BENLOMOND" "BENALDER" "BENAVON"

"BENCLEUCH" "BENMACDHUI"

"BENAVON"

"BENWYYIB"

"BENARTY"

"BENCRUACHAN"

"BENVORLICH"

"BENALDER":

希腊备

FAON FAR EAST

ARRIVALS

FROM

U.K. via Bingapore,

SAILINGS

DUR

In Port

In Port

on or abt. 18th May

London, Antwerp.

Rotterdam,

a Hull.

27th May,

6th June

11th June

22nd June

25th June

9th July'

Loading on or abt.

12th May

Hamburg

13th July

Dublin,

18th May

Ham:

10th Julia

Liverpool,

.Rotterdam, ai đi

burg.

Genoa, Le Havre, Lon. don & Hamburg.

Liverpool, Dubiin,

Glasgow, Antwerp

a

Rotterdam.

+ Accepts Cargo for Japan.

15th Juns

Buoy A.5

30th May

•28th Juns

"Accapta Carge for Hevro.

Via Malaya, Colombo, Port Sudan, Aden, and Suez Canu),

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

Agents

York Building.

Telephone: 34185.

AMERICAN PIONEER LINE

to and from Atlantic Coast Ports

the United States

and Far Eastern. Pörts

NEW FAST CARGO SHIPS "ARRIVALS FROM ATLANTIC

"PIONEER MAIL”.

Singapore

and

Singapore. May 8.

Government has All sanctioned S$74,203 to be spent

"PIONEER BAY" "PIONEER DALE"

and produce sufficient exportable 5oods remaining undelivered during the first year of a fishery surpluses to finance most of the after May 14, 1950, will be survey in the Colony's waters to Imports needed for civilian re- subject to rent. quifciments.

The report continued: "Bu All claims against the continuing drain placed upon steamer must be presented to Talwanese, resources. by, the pre- the Undersigned on or before sence of the Central Government May 31, 1950, or they will and the demands of the military, not by recognised. have 'placed 'à heavy strain "on the economy

Increase. ash supply.Associated Fress.

the *******

NOTICE TO CONSIGNEES

CIR.DIE MASSAGERIES

Conaleper Company's

as No Fire Insurance will be At the end of the quarter, the effected. Chinese pir appropriation of $275,- 000,000, had been reduced to an nobligated balance of $90,800,- 000. This, balagte may be raised 30% $104,000,000 with unused au thorisations and the proceeds from

1/2 › “CHAMPOLLION" WR. LOXLEY & CO.

24], new-haruky - notified, (krá, their, cargs – 14 (CHINA); LTD.

being “discherted into the Eleva Kong Mowloon Wharf · Se Gobern・ Ori Agents.

godaway! where it will 'bo at 'Consigneer" "tiak" and "aghject "to- the Whark's termé „And candillensvol aferaga, (and

Burn a hien san kh zvede are landed,

goods diverted from Shan Hong Kong, May When nid -to the mainland tended

United Pressay

Facific Far East Live, la

examination by

Homes. Goddard & Douglas, st Maturday, 1818, Bis 1940:"

To comply with the Generat

Con

-attendance

· SAILING TO MANILA "PIONEER. MAIL". (via Yokohama) “PIONEER BAY" (via. Yokohama, Fusa

*data. Takubat) "PIONEER DALE (via Yokohama, Kobe

& Fusan)

May 17:

.June 2 June 19.

May 18

Juno

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

Arr: May 27 Salls May 29

"PIONEER COVE".

Jupe 5

June 7

"

Juno 28

Juno. 30

July 4

July

For rates; special information call

"PIONEER MAIL

"PIONEER BAY". "PIONEER DALE"

Queen's Blade

Bug

UNITED STATES LINES

COMPANY

NAVEL,A38196:

The above-lat indicates the principal parts of lending and diachenma

so prosently" intersdód, Kai nai thode relacion.” For further informa- "Glow",hes "ychoedula'ni the Company's: Olioni vipi?

U.S. ORIENT MERCHANT LINE.

ARRIVALS

THOM?

SHIP:

LOXLEY

(CHINA), LTD