1950-05-13 — Page 12

Pago 12

CHINA MAIL,

ROYAL UNDERGOLAR FINES

SINGAPORE, JAYA

PORTS and

MACASSAR

"TIMENTENG"

ARRIVALS SAILINGS

14th Mwy

20th May 24th May 51st May

"TJIBADANE"

"VAN HEUTBZ" "TJGODA8"

*not calling Gingapore

• MANILA, EAST &

SOUTH AFRICA &

"TJIBADANE"

"TEGELBERG”

SOUTH AMERICA

"TJIKAMPEK"

"STRAAT BOENDA"

"RUYS"

*Omitting Manila, Penang and Bombara

JAPAN

"TJIMENTENG"

"TJISADANE"

"TJIBODAB"

"TJIKAMPEK"

"TEGELBERG”

"RUYS"

28th May

13th May

10th June. 6th July

10th June

18th June.

8th July

27th July

8th June

22nd May 20th May. 2nd June

18th June

4th July

19th June

1

10th July

Agents: HOLLAND...

EUROPE via MANILA

and MALAYA

26th July

-EAST ASIA LINE

"AYNKERK"

́"LANGLEEBCOT"

"MARIEKERK”

Through Ba/L. ¡mued, to

Mediterranean and Northern

European porte.

JAPAN

"RYNKERK"

"LANGLEESCOT"

"MARIEKERK"

FINANCE

AND

COMMEROF

JAPANESE INDUSTRY TAKING NEW SHAPE

H.K. Stock Exchange

Tokyo May 11:`

Japan's industrial structure; first distorted by the necessities of wartime production and then devastated by Allied Bombing, has emerged noarly five years after the surrender in a dif- ferent form than it was in 1934 —the so-called poacetime form.

The wook opened with a little An

ibbling and was followed by investors, trying to pick up chopp shares, many of which had do clined 20 per cent during the last few weeks. Scrip was found to be scarce and buyers had to raise their rates and only managed to The acquire very small 1015. undertone is steady to firm.

ILK. GOVT. "LOANS' 45% Loan Gab.

2V Lomu (1934 1940) 9th. aan (1948) p.

HANKA

J.K., Dutk 124Bam.

Lo, Il.) 4719%. Chartered Dank. £9 9/10h. Mercantile Bank A. & D. 22. Hank of Earl Asia 2018,

INBURANCEA

Canton in Ex.Div. 1

In Port early Juna early July

Serly June Garly July, early Aug. SAILINGS

Union Jr. Ex.lv. 385, 540am, China Underwriters in.

1

BHIPPING

ARRIVALS

early June

18th May

early July

carly Jund

early Aug..

early July

KING'S BUILDING, TELEPHONES: 280RS (30) PREZ

BACHINESL. AGUMS: 1. CONNAUGHT ROSA, E

10EN 2016, 25137

ISTHMIAN LINE

(I-thmian Steamship Company, New York)

DIRECT MONTHLY SAILINGS TO NEW YORK

VIA LOS ANGELES AND PANAMA

*STEEL SURVEYOR" -

"STEEL EXECUTIVE”

Tanks avaliable for Bulk 'Oil.

*22nd June

23rd July

SAILINGS TO SAIGON, BANGKOK & DJAKARTA (BATAVIA)

"STEEL AGE"

ARRIVALS FROM U.S.A.

"STEEL AGE" "STEEL SEAFARER"

Sails N. Y.

Sailed

.17th May

Salla S.F. Due H.K.

Sailed 10th Moy

17th May 3rd June 26th June

GILMAN & CO., LTD.

Tel. 31148

Chinese Freight Agent:-HÌN FAT & Tela: 28828,. 25553 & 28483.

CO., LTD..

SWEDISH EAST ASIA CO.,LTD.

· ARRIVALS FROM EUROPË

.28th May

End June

.End July

p.v. "BALI" m.v. "SUMATRA” - m.v. "MINDORO" "

SAILINGS TO EUROPÉ

m.v. "TONGHAI” m.v. "BALI"

.18th May .15th June

FOR

ADEN, PORT SAID, GENOA, MARSEILLES, TANGIERS, CASABLANCA, ANTWERP, BOTTERDAM, DREMEN, -. HAMBURG, COPENHAGEN, OSLO & GOTHENBURG

GILMAN & CO., LTD.

TOL. 31148

SWEDISH EAST ASIA CO. LTD

m.v. “TONGHAI”

LOADING ISH- MAY

SAILING 16th MAY

DEN PORT, BAID, GE

CASABLANCA,

HAMBURG, COPENHA

GILMAN & CO., LTD.

H.K. Fire Ins. 2008.

Tuglases 200m.

1.K. & M. Steamboats 11. Indo Chinn (Pref.), 894.

(Def.) 2007.

Shells (teater) 0/

Delon Watezbeste 20s. Ana Nav. col....

**

DOCKS, WHARVES, GODOWNS, 21. JLK, AK, Whartre win.

North Polat Wuorves G.COM. Ehanghai Hongkow Wharven 16a, I.K. Docks 14.

China Providesión 'Bibb. Shanghai Buckyarda 25ea. Wheckcks 21.

..

MINIRO

Floub Wines 4.700,

H.K. Mines 07.

LANDS, HOTELS & BLDG.

H. B. Hutela 8% b, 97jna.

11.8. Landa 37.

Shunabul Landa 3b.

lumphrers.b,,,

H., Realti 24.

Chinese Estates, tāla..

PUBLIC UTILITIES

1.K. Tramways 13h,

Peak Traton 101d; Es.Div. is,

#

(New) Ex.Div, kn.

Star Ferries T

C. Lights (0)8) 9,909.

{N} 70. I.K. Electrics 216, 21mm,

Macao· Electrics GXta. 180, Ex.e.

114, Blicht in.

Bandeken 1.labie 8%. Telephones lék, 14mm,

hal Que iin.

INDUSTRIALR

Cald. Macx. (Ded,) 2¢n. Cantos Jer 3. Cements in.

H.K. Rape 10s.

STORKS, Ele Dairy Farm 225, 82am. Walarna 22164, 20/15am. 1. Crawfork in. Sincerre 3.800.

China Emperium $4,

Bun Co., Inch, 811-

Kmort sang Hong 1006.

Wing On 1.1.) €20. Wm. Powell, Ltd. 91⁄4n.

MISCELLANEOUS

China Entertainments · Vin. ILK. Constructions (Old) 1,806.

(New) 1.80n.

--Vibro-Pillega - 14 14 3. .............

Maru Investments 0/+n. Maraman (11.) Gn. Bhasha Lown tn. Yanglanes 1b.

COTTONE

"Emos 1.80b, 1.800.

RUDDER, HE, COMPANIES Als Estates, 14m.

Analo Dute loa.

Anglo-JAYED 18,

Batu Anam, 10b.

tute Plantations 405,

Chemor United Alb, sok. Chonk Rubbers, 10h,

(Continued at foot of next Col.)

NOTICE TO CONSIGNÉES CONSIGNEES PER STATES STEAMSHIP COMPANY

8.8. “ARIZONA” & 8.3. "COLORADO"

are hereby notified that their cargo is being discharged into the Hong Kong & Kowloor Wharf & Godown Co's godown where it will be ät öönsignees rlak and subject to the What” terms and conditions of storagu, and where delivery may be obtained.

:

Damaged packages are to be left in the godowns for exi amfonition by Consignees and the Companyia surveyors, Mesars Carmichael & Clarks at 10 am on May 17, 1850,

To comply with the General Bonded Warehouse, Régula- terk, consignees must Hava Revenue Officer In attendanc When damaged dutieblo goódá are examined, KLA

No claims win · KM • after the goods have stesmer's godowne, goods remaining after May 18, 1950 subject to rent

wtnamer

May

be rec

.

analysis of Government statistics reveals that today the accent in Japanese production is on chemicals, metals, textiles, and light machin-,

ery,

Textiles, formerly the back- bone of. Japon's export trade, are at less than half the per- centage of pre-war produc- tion.

LINE HAD TO

GIVE GUARANTEE

New York Stock Exchange

New York, May 11 A small overall advance lifted the stock market to a new fouri year, high today,

Price changes were small; few issues awinging a point be more in ellher direction.. Gülni autnumbered losses by a moder ate margin. Even railroad shares

made a good showing despità, the firemen's strike against four ma jor Lystems.

Transfers ware 1,750,00

ahsres.

total of 488 issues advánteed Rod 971 declined.

Traders were evidently operate ing with much caution. Despite Japan's production refects the

the background of excellent busi- Investors and specula- changes that have taken place in

дека San Francisco, May 11. the world since the empire of the

Pacific For East Lines said that tors are well aware that the mar-

1959 news, Rising Sun wont to war with the their ship, the ss Chilfornia Bear, ket has advanced without serious West in 1941. Not only Great Britain, but many of Japan's which sailed from Taku Bar early interruption for nearly a year. An- Astatie neighbours have gone late today for. Oigro, Japan, after com- adjustment is expected by many of capital production pletion of an inquiry regarding its and they are oh the alert for a the Beld and are trying to supply them-collision with a Chinese ship, was quick

Among

gainers selves with the cotton goods and allowed to sail after the Line had

Western Union, rayon materials which Japan ported a guarantee in the neigh-Rexall Drug,

bourhood of $300,000 to cover any Richfield Oil, Pepsicola Douglas formerly supplied.

Dow

77.474

mave.

the

word

In 1934 textiles and processed final award by the Chinese Com Aircraft, Sinclair Oil and Inews.. foodstuff factories made up near-munist maritime inquiry..

The California Bear was involv ly, one half of the total of Japan's Industry so that the period may in collision with the rightly be termed the era of light Hainan at midnight April 20 In dense tog. Seventy Chinese were

industry.

An

But the requirements of war killed and 87, rescued by laid more stress on munitions and American ship. The guarantee, is other war manufactures which to cover payment of indemnities remained in effect through 1948. for loss of life on the Hsinan and Under the occupation the Japan- cargo, ese factories reverted `once more to peacetime production, but they Dover regained the preponderance of textile production that featured Japan's Industry in 1034.

The future

In 1948 statistics issued by the Ministry of International Trade and Industry showed that the three fields of metals, machinery and chemicals took up 55 per cent of Japan's total industrial output,

is This a slight drop from the 50 per cont high of 1940 but it stil 12 points higher than the 43 per cent of 1934.

The question therefore arlass ds to the future course of Japan's Industry.

A spokesman for the shipping line said the Inquiry apparently was fairly normal. The Ling had no complaint except perhaps for the delay, which was probably caused by the fact that this was the first such inquiry the People's had

conducted Government United Press.

CANADA WARNS UK BUSINESS

London, May 11. Mr. Dana Wigress, Canadtori High Commissioner, to Britain, today warted businessmen bera against reducing British imports Not only Britain à stift com- from Canada. petitor in textile machinery but other nations аге entering the from, any further attempt by field and, Japanese products, at their present, high prices, cannot possibly compete.

Serious enceis would result

Britain to reduce the dollur gap with Canada: by cutting imports, ho told the Association of British The prices will go still higher Chambers of Commerce. as the price of steel risos with

The real solution

wns for

the removal of subsidies so that Britain to increase her exports to shipbuilding 360 yen to one

for instance, already Canada..

Both countries had a common hampered by a dollar exchange rate, will and it interest in the solution of the extremely difficult to break even, problem.

An analysis of foreign market We have our dollar gap,". hẹ reveals that Japan's best, bet for said. “Just as the Sterling, ared industrial exports lles in her has a gap with Canada so Cahodd chemical industry-particularly in a gap in her transactions pharmaceuticals and fertilisers with the United States."-Reuter. Paradoxically, while Japan's tax- tile markets abroad are shrinking, there is a severe home shortage

which may tempt manufacturers to expand temporarily. But since Japan has been told It"must es- port or die, cautious foreign in- vestors as well as local manufac turers will probably go slow putting their money in textiles rather than in what they feel Japan con sell abroad United Press.

Money Market

US dollars opened yesterday af HK$0.07% und closed at.$8.08.

Twas put through from $6.12 to 88.13..

Sterling-was down five cents to HK$15.50.

. Australiad pounds were Un changed HK$12.60.

Plastres remained nominal at HK$12 = 100.

JAPANESE RAYON FOR NORWAY

. Tokyo, Máy t The Jiji Press agency reported Joesi from Osaka today that a

contract fo: drm has signed, a

of the export of $50,000 yards rayon fabric to Norway lit ox- change for pulp of equal value.

Itochu and Company expect to complete the entirò skipment by August-United Press,

RICE PROJECT

IN AFRICA

Pafle, May, 11.

Janes averages: Stocks Rails 50.10; 10 Uillitles 43.48.

20 Industrials 218.72: 15

Closing quotation

Adams Express Alaska Juneau 33% American Can 116%,

•

Anaconda

Tobacco 70

55%

158

Waterworks 10% Copper 32% Aviation Corp. 8 Baldwin Locomotive 10% Barnsdall 54%

Bendix Aviation 40

Bethlehem Strel 30% Belajon

Boding Aircraft 2014

Borden Co. 51%

Canadian Pacife 18% Case, J: 1, 49%%

Chrysler 70%

Colgate 45%

Commercial Solvent 17% Corn Products 67

Du Pont

Eastman Kodak 40% General Electric 49%

Motors 61

Goodrich 80

Goodyear 32%

Homestake Mining. 44%.

International Harvester 28%

Paper, 43, 4 Tol. Tel 13%

+

Johns Manville 481⁄21⁄2′′ Kennbestt Copper 35% Montgomery Ward 584 National Distillers 22%

Lead 48

New

York Central 13% Packard Motors 34

Pon American Airways 81⁄4 Ponnyslvania HR 19% Radio Corp. 10

Real Silk 13

Remington Rand 124 Repubile

Steel 33% Reynolds Tobacco 371⁄2 Beverly 31

Sebuck 43

Oll 13%

Vacuum 18%

Specifc 334

Standard Brands 234

on of Falit. 67% Oll of N. 3.73 Studebaker 33 Union Bag 29

Carbide 50% US Rubber 43% #Steel $2

16%

Sheet & Tube 844

Gen. Pub. Utilities” 17.

Hall bonds, declined. Ang

Curb gainers, were Creole Petro-

A vast rice-growing project on leum, Electric. Bond, nhà Share,

the

the Niger River to feed French Pantepee Oil, Raytheon and Cities West Africa's 18,000,000 natives | Service.--Asosciated Press. will be danced with the aid of US$1,400,000 granted by Ticals at HK$28.40 a 100' were Economie Co-operation Adminis unchanged, as were NEI Guilderstration." at HIC$4.20 a 100.

Consolidated Rubbers Ex Dje, 1.406. Dominion Rubbers 1.800. Kota Bahros.... Kroewek Jate 10. Langkete In.". Fior Rubbers .018. Kopah. Rubberu 110%. (y Robber Treats ZYJĘ Bomaganj Robbers 'his. Bemamba. Rubbers (156, 20ka, Bhangh61 Kodada · Ah. Shingal-Malaya, 100. Bhanghai Pahang - Sib. Shanghai Bamvirka In.

Borel Darts: 1ón. ' : Tanah Meraha - "M56, Tabonk Rubbers' •,290, 156, Langbe Trühber

The money will be used to Buy American earth-moving equip. meat-United Presi

LONDON STOCKS

NY RUBBER

Crude

New York, May 11 rubber number. ölé futures closed unchanged · 'to 1.50 higher.

May 28.00 bid. July 27.47-50.

September 25.15-20.

London, May 11. Brigh Government Bondi re- sponded to the US. Secretary of Stater Dean Acheson's, speech on Press. Western Germany with soine Ruins on the London Stock Ex change Electrical Equlihenta fron and steels showed fractional · Uganda has, banr Bains In

quier Indus-totion of the

OFER of the brill

December 23.39bbed smoked

Spot number ond sheels 18% nominal.—— Assoclitud

Kamp

German boods added to recent Party, under an

gains ad closed firm

Financial Times' Index

108.2

Associated Press la ASYA K

the Governor

May

decision pubilalled in

ómelal Gazette, today Reuter.

Pacific Far East Live Inve

Fast Regulas

The Global Fier)

TO HONOLULU & SAN FRANCISCO

via JAPAN

"Président Cleveland” ........

Arr. May 28

Salls May 29

"General Gordon"

Arr. June 19

Sells June 20

"President Willson”

Arr. Juno' 10''

Salls June 20

TO SAN FRANCISCO & LOS ANGELES.

via JAPAN.

"Président Florce" "President Harrison"

Arr. May 17 Salls May 18 ..Arr. June .5 'Sails Juno'

TO NEW YORK; BALTIMORE & BOSTON

viä PACIFIC COAST & PANAMA.

"president Fillmore" "President Tyler"

Arr. May 15 Sells May 15 ...Arr. Juno 10- Sails June 11 ROUND THE WORLD

„VÍA MANILA, SINGAPORE, COLOMBO, COCIÌN BOMBAY, KARACHI, SUEZ, PÓRT SAID. ALEXANDRIA, NAPLES, MARSEILLES, GENOA, NEW YORK and BOSTON Sails May 24 "President Van Buren" .Arr. May 23.

Arr. May 28 Sally May 30 "President Jefferson"

TO JAVA & STRAITS "Willathbite Victory" .....Arr. June 9

St. George's Bldg,

'S

Sails Juno 10

Tel. 28172/821

BEN LINE

SHIP "BENCLEUCH", .... †"BENWYVIS" "BENARTY" "BENVORLICH" "BENMACDHUI” "BENALDER" 'BENLOMOND" "DENAVON"

"BENCLEUCH". *BENMACDHUI" "BENAVON" "BENWYVIS"

"BENARTY"

"BENVORLICH"

"BENALDER"

# AND

THE

ARRIVALS

FROM

U.K. via Singapore,

SAILINGS

DUE

In Part 16th May

6th Juna

an or bl. 11th June

London, Antwerp,

Rotterdam,

4 Hull.

Liverpool,

Hamburg

Dublin,

Rotterdam, Ham- burg.

Ganos, Le Havro, Lon- don & Hamburg. Liverpool, Glasgow, Dublin, Antwerp Rotterdam.

t'Accepta, Cargo for Japan.

2tet Juno

25th June

H

26th June

+

9th July

Londing on or abtes

18th May

28th June

13th July,

18th May

10th June

・コ

14th June** 20th June

Accepts Cargo for Havre,

Via Malay, Colomba, Port Budin, Aden, and Suez Canal. For Further Partictilars, Apply To...---

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

Agents

York Building,

Telephone: 34145.

THE EAST ASIATIC CO., LTD.

M.S. “KOREA

Loading about 10th Juna

for

ADEN, PORT SAID, GENDA, ANTWERP, ROTTERDAM, HAMBURG, OSLO, GOTHENBURG, & COPENHAGEN Tanks available for the carriage of oil in bulk

THE EAST ASIATIC CO., LTD.

Qaven's Bldg., 2nd Boor.

Tel. 34111 & 34118

OCEAN AGENCIES, LTD.

FAR EAST SERVICE

S.S. “ARGOVAN”

Loading on 13th May for Manila

Agente:

THE HONG IG EASTE

SHIPPING C