1950-05-11 — Page 12

Pago 12

"THE CHINA MALL, THURSDAY, MAY 11, 1950.

FINANCE. AND

COMMERCE

ROYAL ENTERO CIAN BIN

CAUTIOUS OPTIMISM

OVER

28th May

SINGAPORE, JAVA

*PORTS and AV&

MACASSAR

"TJIMENTENG" "TJIBADANE”. "VAN HEUTSZ"

⚫ MANILA, EAST & SOUTH AFRICA & SOUTH AMERICA

"TJISADANE"

ARRIVALS SAILINGS

13th May

20th May 24th May

14th May

"TEGELDERG"

"TJIKAMPEK"

10th Junia

"STRAAT SOENDA"

18th June

"RUYO"

sti July

JAPAN

#TJIMENTENG"

"TJIBADANE"

"TJIKAMPEK"

"RUYB"

5th Junto

25th July

6th Junc early July

27th July

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

Agents: HOLLAND-EAST ASIA LINE

EUROPE via MANILA

and MALAYA

"LANGLEESGOT"

"RYNKERK"

"MARIEKERK"

12th May, early June early July

early June

early July early Aug.

ARRIVALS SAILINGS

issued to

Through Be/L

Mediterranean and Northern

European porte.

• JAPAN

"RYNKERK"

"LANGLEESCOT"

"MARIEKERK"

early June

18th May

early July early. Aug.

early June early July

NAKING'S BUILDING TELEPHONES- 28015 TO 28017

SÚ "CHINÉSE, FAGÈNES-BL, CONNAUGHT ROAD)," a

BREN; HUNG RAUD

rom

ISTHMIAN LINE

(Ithmian Steamship Company, New York)

1

DIRECT MONTHLY SAILINGS TO NEW YORK

VIA LOS ANGELES AND PANAMA

"STEEL ADVOČATE"

"STEEL SURVEYOR" "STEEL EXECUTIVE"

In Port 22nd Jund .23rd July

¡

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

STEEL AGE" C.

ARRIVALS FROM U.S.A.

"STEEL AGE"

"STEEL SEAFARER"

.17th-May

Sails N. Y. Balls S.F. Due II.K. Sailed Salled 16th May 17th May 3rd June 24th Júno

GILMAN & Co.,

Tol 31140

O, LTD.

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

Tela: 28823, 25858′′; 23489****

*! -”;

SWEDISH EAST ASIA CO.LTD.

ARRIVALS FROM EUROPE

m.v. "BALI”

Div. "SUMATRA”

.28th May .End Juno'

SAILINGS TO EUROPE

m.v. 'TONGHAI”. niv. "BALIT

.16th May ..15th Jun

.:

FOR

ADEN, PORT SAID. GENOA, MARSEILLES, TANGIERS,

*** CASABLANCA, ANTWERP, ROTTERDAM, BREMEN, HAMBURG, COPENHAGEN," OSLO & GOTHENBURG

GILMAN & CO., LTD.

m.

Tel. 31146+

SWEDISH EAST ASIA CO.LTD

TONGHAI

LOADING 15th MAY SAILING 16th MAY

PORT SAI, GEN

OF

RECOVERY BRITISH EXPORTS

Hong Kong Stock Exchange

London, May 9.

The Prime Minister, Mr. Clement Attlee, yoiced cautious optimism about Britain's trade re- covery when speaking in connection with the opening of the British Industries Fair.

"We have expanded our exports to well over 50 per cent above the pre-war fevel at competitive, prices", he told a gathering of industrialists at a banquet given by the Lord Mayor of Lon- don last night,

It is reported that the People's

"We have pulled up the Government have purchased the Wagon LitsHotel in Peking dollar value of our exporta to which is owned by the H.K. and the dollar arca to just above Shanghal Hotels. Payment to what it was before devaluation.

:

Money Market

be made in Hong Kong currency, while in terms of Sterling HK$0.06%.. and closed at 30.06. US dollars opened yesterday at The Market was brighter yes- they have risen by nearly two-Highest and lowest rates were terday morning with more in-thirds", the Prime Ministu $0.07% and $0.05%E vestment buying.

H., GOVT, LOANS

4 Loan 98b,

MATE Loans (1934 & 1940) 994, *}** Lann (1948) 98.

BANKS

H... Bank 1216s, 12401K,

(Lon, Reg.) £77

Chartered Bank 29 1/180. Mercantile Bank (A. & D. £N VI. Bank of Enat Al 9.

INSURANCES

Canton 1. Ex.Div. 10ón. Undon' Inx. Ex.Div. 10th, Chlon Underweltern . * BK, Fire Ins, 200%,

BHIPPING

Douglares 2000,

I., M. Steamboats 11. Indo Chiana (Pref,) 89a,

(Def.1 200

Shella (licarer 66/30.

Unlon Waterboats 215,

Aala Nav.co.

DOCKS, WHARVES, GOPOWNS, EK.

K&K, Wharves Don.

North Point Whorers 3.600.

Ghughal Kangkew Wharven 180.

II.K. Ducks 1814D.

China Providania .101⁄2n. Bhathal Dockyards: Sa. Wheelock 2ıb, žiam,-“

MINING

Rob Mines 4.700, H.K. Mine 013án,

LANDS, HOTELS & BLOGS.

11. & 8. Hatola 'ab, "Saul

ILK, Land 17 % 18,

Rhanghai Lands 90b, 14.

Humphreys lib.

IFK Realifes 2.

Chloe Estates 124.

PUBLIC UTILITIEN

H.X. Tramways 1544b. 10.80/ban. Peak Tram (Old) 1

(New)

Star Ferries 150.

C. Lights (Old). 21⁄4b, 108, 034/Ban

(New) 4.70s,

I.K. Electrics 10b, Dan.

acao Eléctrica CRU 11%. Rechte in. Sandakan Lights: A Telephones..24 34 — 2 Shanghai” Gas; 1998.

INDUSTRIALS

Cald, Mack. (Ord.) 260. Canton Ides 31⁄4n. Cements 11n.

II.K. Ropes 15x. ↑

1

STORES, VIC,

:

Dairy Farma 304h.

Wateons -20%h, 201jum,

In Crawfords 22.

Bincere. 8.80n.

China Emporium 10m

Sun Co., Lu, in!

180,

Winx On2(HK) (49 WolPowell Ltd. #1⁄2n.

MISCELLANEOUS

China Entertainmenia 340, 15,1," "Constanjetlone"(054) ·%.400.

(New) . 15o; - - Vibro in STEM. Marman Iarina

Markmen (II.K.}"/*.<\ Shanghai, Loen is, Tanitizes #3in/",

COTTONS

Ewas 2.001.

RUDDER. ME. COMPANIES

Alma Estates 14, Angio-Dutch-30. Anglo-Javas „iša: Natu” Anamná .106. Rute Plantations",400. Chenor -Unitét „80%!» Cheng “Ružibėvić 106.20 Qualidated+Nubbety· 1.800. Derainlon Rubbers 1,005."-- „Kötü Bahrow 106, 10 Krowwock Javan (1082" Langkata Jn.

Palany" Rubberw“ „GADA?" Repah Rubbers 106. Stubber Trusta 20. Sümeg - Milkberg *78n. Berambu Rubbers”,15% Bright? Hedi ba “Anal

· Bbanshul-Malaru · 10n.

· Ábanalu! Bunfkkema” En.

Stilwel Ddefù 18H!, (Tanah Meraha zakhi “Tebohr· Rubbies A0,

- Ziengbe - Rubbers' “39u.

SHIPS FREED

What Washingt

The VStalai Depa

wart

patrol vessdi

Aloxar

1

continued:

He described this as a remark- able achievement but there were

still eléments of Uncertainty which make us chary of undue optimum, he continued.

Mr. Attlee sald, "I think, how- ever, that there is room for reasonable and cautious optim- ism."

Steady increase

from

Was Tr

put though HK$0.09% and $0.10%.

Sterling WDS quoted HK$13.65, and Australian pounds at HK$12.00.

Plastres were nominal at HK$12 a 100"

New York

Stock Exchange

New York, May 9. Oils made the best showing in the stock market again today. The market generally was no better than steady, ̈

While sale Sutnumbered losses, they were smini aha humerous issues^ré- mained int

int yesterday's anal levels. Trading picked up a little speed in the day, but volume was still comparatively limited, especially hiroet with Ýùmerous racent in contr

share-and-micro sessions. 2,000,000 Turnover of 1,700,000 was about

with yesterday. Demand for Oil issues helped

even

to prop the price structure today. Increased buying of petroleum products was considered a factor, Non-ferrous metal shares also air way ahead, evident- worked their way

ly under the influence of a strong price tone to the market for raw

lead. zine and copper,

ལྕ་

Among ghiners were Plymouth Oll, Socony Vacuum, Deeprock, Sinclair, Barnsdall and Gulf Oil. Superior Oll of California fell back following a nine-point jump Lower most of the yesterday. Ticals opened at HK$20.30 ume were Chrysler, 100 and closed at $20.492a

NEI Guilders were nominal at Unice HK$4 a 100.

There was steady increase in CHICAGO GRAINS

productivity, both in agriculture and industry and there was also

British enterprise and Invention, of witch

colour television and

United Air Line.

U.S. Rubber,

Dow Jones Averages: Stocks 27.18; 20 Tndustrials 217.40, 18 Rails 50.36; 10. Utilities 43.28.

Closing quotations:

Adams Express

2255

F

Alaska Juneau 3: American Can 115%

Chicago, May 9.

Toward the close'n wave of

H

day's close.

$2.23.

$2.21 %-- $2,20%. $2.224.

the first gas turbine motor-car selling hit all pits on the Chicago were among the latest examples. grain market today. Wheat was Mr. Harold Wilson, President to one cent lower than Mon- of the Bbard of Trade, speaking at the mme: gathering, said that the British mar: industry scnt North fewer than 1,000 cars to

whereas dry! America in 1938 March this year shipments of care to North America were at the rate of 10,000 per year.

More than 20,000 buyers, in- cluding more than 3,000 from overseas, visited the Fair on its epening Day-Reuter.

JAPAN-KOREA TRADE PACT

Tokyo, May 10.

The Jij Press reports that h trade agreement betwem Japan and the Republic of Korea will come into force during the mid- dle of the month.

lower to higher.

Snelling 64 Telephone, 108 Waterworks 10% Anaconda Copper 32% Aviation Corp. 7% ** Baldwin Locomotive 10% Barnsdall 54%'

Bendix Aviation 40% Richem Steel 87. Being Aircraft 29% Borden Co, 51

MAY July September December Corn was

Onts

were to I- May .8 .

tower.

J. ICare 435

Rye was unchanged to May $1.43.

lower.

May $1.47-4.

Soybeans were 2- to 5-% lower. May $3.14 44-22

Lard was 3 cents a hundred- weight lower to five cênts ́higher.! May $12.55—Associated Press.

JAPANESE RAILS

FOR

THAILAND

#1

Kokura, May 9.

A 1.000-don shipment of rails Kyushu Island

The agreement, which awalta left Yawata on ratification by the Korean Goy- for Thailand aboard a Thai Soday under a 'contratt freighter ernment, calls for the exchange for export of 8,000 tons of rails of goods totalling $18,000,000 on

to Thailand. an open account basis."

-Not Included in the provisions

Canadian Pacife 15%

Chrysler 70%

Colgate 45

Commercial Solvent 179%

Corn Products 881⁄4

Du Pont 734

Eastman Kodak 46%

General Electric 4934

Motors 03'

Goodrich 80%

Goodyear 524A

Homestake Mining 47%

International Harvester 2714

s

***Paper da1⁄21⁄2 ****

Tel & Tel 13

Johns Manville 49. Kennecott Copper $5% Montgomery Ward 68% National Distillers 224

Lead 42

Central

14 Now

York Packard Motors' 3%

Fuck The consignment, which was

of the agreement will be importe the first shipment of rails to be made to Thailand since the warts Ex.Ru. of Korean ice by 'Japaṁ.00 Jiji.

says brrangements for payment end, is expected to be followed dnd voluine of rice will be made by a second shipment of 2,090 atau Interim.conference in the tons in Inte (MayUnited Press. middle of July.---United Press,

S

KOREAN MISSION

IN INDIA

New Delhi, May 9.

The 7-member South Korean

trade officials.

*..

ECA GRANTS

Washington, May 9 The Economie Co-operation Ad- 'ministration today allotted Koren US$3,855,000 and China US$110 900 GE

Korea will use its new ald to buy US$2,000,000

worth of U.S.

car

trodo mission, Including two Americans, which is touring South cotton, with the balance East Asia, had talks here today marked for Industrial com with Indian Government arid modities needed for constructing Inter-coastal shipping and rail- "Thi mission arrived hero rand extensions Associated earlier today after a four-day Press.

tay In Calcutta. It is leaving tomorrow for Bombay and Kara- chi-Boater.

Pan American Airways 9% Pennsylvania RR 17

Radio Corp. 40% Real Silk 13% Remington

Rand 12

-Republic-Steal 324

Reynolds Tobacco 35 Schenley 31

Serre Rozbück 441% Shell Oil 42** Socony 'Vacuum 18% Southern

Pacific 34 Brands 23% Standard

Olf of Calif, 67% Out of N."J. 72% Studebaker 33% Union Bag 2014

Carbide 4934 US Rubber 43%

Steel 3234 Lines 16

Westinghouse 34%

Youngstown Sheet:& Tube 83% Gen. Pub, Wilities 184E MALAYAN ORE

In the bond market selective demand appeared "for rail issues. Singapore, May 10. US. Governments were firm on Malayan fron ore production over the counter dealings Asso LONDON STOCKS increased, to 66.162 tons for je ciated Press.

London, May 9. Pelces were firm in most sec-

first three months of this year, compared to 8,300 for the whole year of: 1949, the quarterly Bul-

tlons of the London Stock Exletin of Statistics of the Mines Cotton futures, drified lower to... i change today after Hil: early xpartment stated. Associati

Press:

hesitancy. British. funds closeti fractionally higher and fidustriali |- also scorted many matt gain

The Financial Times', Index was 108,1 unchanged. Associated Fress.

NY RUBBER ·

•

32,38-40.

22.52-55.

NY COTTON Gİ

New York, May 0. daytoder, fubderate pressure of hedging and commission house Detroit, May. D. liquidation. Futures closed by th Chrysler Corporation reported.$1.35 a bale lower thin the pres today. It turned out 4,000 cars and vious clošė:" trucks today on its first day of operations since CIO, United: Auto Workers walked out on January・ October 25. Before the 100-day strike, Chrysler bormal production was 7,100 cars and trucks. dally. The company - hupos to be back at peak production of Chrysler, Fly-|- mouth. De Soto and Dodge cars and, trucks within, 10 days—AI- bidsociated Press. -*******

Now York, May G Crude rubber No: I fitures closed five: to 40:lover.

Mara

27.75 26.00 424,40 28120 ribbed * Thioked

July

September

December

Spot. No. sheets 28 nominalAssociated Prem

CONSIGNEES

NOTICE TO CONSIGNEES

ન M.V.SINKIANG

Arrived May 8, 1950,

Damaged cargo ex

December March May

31:24-25.

31110

31.10 nominal.

31.13.

Middling spol

-Associated Press.

33.23 nominal

NOTICE

NEW YORK FREIGHT BUREAU

NOTICE TO CONTRACT

BU*PSHIPPERS MAS

NOTICE TO

this ves sel will be surveyed by Messe Contract Shippers are hereby MAY

Goddard & Douglas at Hong notified that the freight rato Kong & Kowloon Wharf from for ORES from Hong Kong to Damaged cargo ox, this ves-10am on the 12th and 13 the Atlantic Coast will be in sel will be surveyed at Holt's May 1980 and conaigrices recreased by US$6.80 ie to Wharf between 10 am and presentatives, are requested to US$28.00, per 2,000 168.10 taka effeci Avgust 10, 1940... Toon on May 11. 113/1 be present durin

LOWER BING

survey,

The Global Plect

TO HONOLULU & SAN FRANCISCO

"President Cleveland" "General Gordon" ". "Prezident Wilson"

via JAPAN

Arr. May 28

„Arr. June 19

„Arr. Juhu 18

Solls May. 29. Sails Juno 10 Sails June 19

+

TO SAN FRANCISCO & LOS ANGELES

"President Madison" "President Pierce"

vio JAPAN

In Fort

Arr. May 17

Sails May II Sails May 18

Calling Taku Bar & Taingtao

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

"President Fillmoto" .... Arr. May 15 "President Tyler"

.Arg. Jung 10 ROUND THE WORLD

Sails May N

Soils June If

VIA MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAY, KARACHI, SUEZ, PÓRT SAID, "ALEXANDRIA, NAPLES, MARSEILLES, GENOA, NEW YORK and BOSTON "President Jefferson"

Arr. May 22 Sails May 24 "President Van Buren” ..................... Arr. May 23 Sails May 24

& STRAITS

"President Grant".

Arr. May 26

St. George's Bldg.

Sails May 27 Tel. 28172/5.

BEN LINE

ВНІР "BENCLEUCH" "BENWYVIS”

BENVORLICH”. "BENARTY” "BENMACDhur "BENLOMOND" "EENALDER" "BENAVON"

"BENCLEUCH" "BENMACDHUI”

"BEHAVON”.

“HENWYVIO”

"BENARTY"

"BENCRUACHAN”

"BENVORLICH",

**BENALDER"

ARRIVALS

FROM

U.K. via Singapore.

SAILINGS

DUE.

In Port

on of abt. 16th May,

London, Antwerp, Rotterdam. Hamburg

& Hull...

Liverpool,

Rotterdam, burg. "

Dublin,

A Ham-

Genoa, Le Havro, Lon. dan 4 Hamburg. Liverpool, Glasgow, Dublin, Antwerp Rotterdum.

a

27th May

6th June 11th June 22nd June 25th June

9th July

Loading on or abt..

12th May

18th June

13th July

18th May

10th June

Buoy A-5

30th May

29th June

† Accepts Cargo for Japan, * Accepth Cargo for Havre,

Via Malaya, Colombo, Port Sudan, Aden, and Suez Canal. For Further Particulars, Apply TH--

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

Agents

York Building.

Telephone: 34105.-

THE EAST ASIATIC CO., LTD.

M.S.

KOREA'

Loading about 10th June

ADEN, PORT SAID, GENOA,

ANTWERP, ROTTERDAM, HAMBURG, OSLO,

GOTHENBURG, & COPENHAGEN Tanks available for the carriage of oil in bulk

THE EAST ASIATIC CO., LTD.

Queen's Bldg., 2nd floor..

Tel. 34111. &- 34112;

OCEAN AGENCIES, LTD.

博

FAR EAST SERVICE

S. S. CARGOVAN”:

Loading on 13th May for Manila

THE HONG KONG EASTERN SHIPPING CO., LTD

Boom":75: From

Telephones!