1950-05-15 — Page 11

THE CHINA MAIL, MONDAY, MAY 15, 1950-

Pağa-11

BUTTERFIELD & SWIRE

CHINA NAVIGATION CO., LTD.

"SHANSI"

"YOCHOW"

•

"FENGTIEN"

- "SOOCHOW"

“HUNAN” "ANHUI"

"SZECHUEN"

"KWEIYANG"

"SOOCHOW" "RUNAN" "HANYANⱭ

"SZECHUEN"

+

"FATSHAN"

SAILINGS. TO

Yokohama, Nagoya,

Osaka & Kebe 10.30 am. 10th May

Singapore, Djokerto,

Samarang, Soura- baya & Macassar Kaohsiung, Yoko-, hamo, Nagoya, Osaka & Kobe .. Krahung.

.Inchon? & Tientsin .Singapore, Penang &

Belawan Bangkok Singapore ***

• Salla from

ARRIVALS FROM

Korca Tientsih & Tsingtao Tientsin

Kobe & Khung .. RIVER SERVICE

Hongkong/Macao Dept. Hongkong . 2 p.m. Mon.. Tues.,

Thur., Fri & Sat.

Noon 18th May

6 p.m. 10th May

5 p.m. 17th May

5 pm. 18th May*

3 p.m. 19th May

5 p.m. 24th May

3 p.m. 5th June Custodian Wharf,

3 p.m. 14th May

15th May 17th May 23rd May

Mucho/Hongkong

Arr. Hongkong

7 a.m. Tues., Wed.,

Fri, & Sat.

3.30 p.m. Sunday

AUSTRALIAN ORIENTAL LINE LTD./CHINA NAVIGATION CO., LTD. JOINT SERVICE

"CHANGTE"

"TAIYUAN" "TAIPING"

SAILINGS TO

.Manus. Is., Sydney

& Melbourne

Japan

20th May..

31st May

.Jupan

1st Week June

ARNIVALS FROM

"CHANGTE"

10th May

"TAIYUAN”

.Australia & Manila

24th May

"TAIPING"

Australia & Manila

End May

Yokohama

BLUE FUNNEL LINE

Scheduled Sailings to Europe via Aden & Port bald.

*CLYTONEUS”

"PYRRHUS"

.Genoa,

Marseilles

Liverpool, Dublin & Glasgow... Marscilles, Liver- pool, & Glasgow ARRIVALS FROM

.U.K. via Straits

"MENESTIEUS”..U.K. via Straits &

"PYRRHUS"

"CALCHAS"

"DOLIUS"

Bangkok.....

FINANCE

AND

COMMERCE

CO-OPERATION NEEDED

IN

EASTERN

New York Stock Exchange

New York, May 13. A short-lived burst of buying sent radio televizion stocks rcurrying ahead of the rest of the market today. The balance of the list was OR Arm price ground.

ECONOMY

Kansas City, May 13.

Mr. Liaquat Ali Khan, Prime Minister of Pakistan, said tonight in a prepared speech that the only way the menace to world peace can bo. cor- rected is through international co-operation. "Peace of the world is difficult to maintain with-

out stability in Asia, he said.

"To maintain stability in Asia, Pakistan, with best good- will in the world, can only go a certain distance and no further

that is to say no further with- out international co-operation."

He explained that his nation had started economic life under extreme difficulties and that on. administrative machinery had to be set up for 80,000,000 people over an area equal to France, Italy, Belgium and Holland.

position were rehabilitated with surprising case".

Mr. Liaquat All Khan pointed out that his nation was agricul tural with 80 per cent of its population living on the land but that farming methods were 30 outdated that only two-fifths of the land is under cultivation.

His country was developing electrical power and manufactur- Ing sources, particularly jute and textile mills.

Galns were restricted to trac tions, however, and a large - sortment of leaders remained at

"But," he said, "In three years Friday's closing levels,

our Import and export trade re- Business was unusually slowvived so quickly that our Internal even for

day, Volume of Saturday,

foreign exchange economy and around 000,000 shares was one of the smallest totals for two. hour session this year.

The continued ran strike arted Ba brake on trading fervor.

Motorola was a prime favourite in the radio television department With a

a pal of

around two points, Ahead fractionally to around o point were Admical

Col

paration, Radio Radio, Philco, and Zenith. Others

included ahead

U.S Steel.. Bethlehem Steel, General Motor

Chrysler, Studebaker Goodrich, American Cyanami! Cuantanamo Sugar, Santa Fe and Chesubeake and Ohio and Ameri- can Tobacco.

Dow

Jones averages: Stocks 17.02; 20 Industrials 217,76; Rails 55.44: 10 Dilities 43.50.

Closing quotations

n

Adams Express 2234

Alusken Juneau 3 American Con 117

Smelting 544 Telephone 158% Waterworks 101⁄2

Anaconda Copper 32

Aviation Corp.-8

Bakiwin Locomotive 10% Barandall 537%

Bendix Aviation 45% Bethlehem Steel 35%

Boeing Aircruft 20

Canadian Pacific 15%

J. I. Case 43%

25th May

8th June

p.m: 15th May

16th May

30th May

11th June

12th June

U.K. via Siralts &

Manila

13th June

"AENEAS"

U.K. via Siralts

27th June

"MARON"

.U.K. via Straits

5th July

Goodyear 5112

"PELEUS"

"AGAPENOR"

U.K. via Strafts ... .U.K. via Bangkok &

Labuan

.U.K. via Straits

DE LA RAMA LINES

Sailing to New York, Baltimore, Philadelphis. Vla-Japan-and-Pacific coast.ports

"TRAVANCORE”

.1st June

Carriers option to proceed vin other poris te load & discharge carge.

All the above subject to alteration without notice. For Passage and Freight particulars please apply to

1. CONNAUGHT ROAD CENTRAL

Tel. 30331/8 Private Exchange.

BRANCH OFFICE 50 Connaught Ad. West. 25875. 32144, 24878

AMERICAN PIONEER LINE

.

to and from

Atlantic Coast Ports of

the United States. and Far Eastern Ports

·NEW FAST CARGO SHIPS “ARRIVALS FROM ATLANTIL A

"PIONEER MAIL":

May 10

"PIONEER BAY”.

May 31

"PIONEER DALE"

June 11

SANTA SAILING TO MANILA *PIONEER MAIL" (via Yokohama)

PIONEER BAY (vin Yokohama, Fusan,

Takubar) "PIONEER DALE" (vla. Yokohama, Kobe

& Fusan) .........June 12

May 17

June 1

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

Air Max : Sillin 19 "FIONEER COVE”

·Juno ·B-

"PIONERE MAIL" "PIONKER BAY":

"PIONEER DALE"

Jumo 27

July 5

EN For rates, special information call '

UNITED STATES LINES

COMPANY

Chrysler 66'

082

Colgate 44%

Commercial Solvent 10%

Com Products 68%1⁄2

Du Pont 74

Eastman Kodak 40%

General Motors 8024 Goodrich 07

International Harvester 28%

Paper 43% - Tel & Tul 14·

Johns Manville 487% Kennecott Copper 556% Montgomery Ward 58%

-National-Distillers-223k

Lend 43

New York Central 134 Packard Motors 3%

Pan American Airways 9%

Pennsylvania RR 10% Radio Corp. 20% Real Silk 134. Remington Rond 12% Republic Steel 33 Schenier Tobacco 37

31

Sears

vers Roebuck 44% Shell Oll 43% Socony Vacuum 18 Southern Pacific 33 Standard Brands 2314

Oil of Calif, da Oll of N. J 7255 Studebaker Union Bag 29

་

20

Carbide 50%

US Rubber 42%

"

Steel 31%

Lines 10

15

1

Westinghouse 343 Youngstown Sheet & Tube 834% Gen. Pub. Utilities, 17 Corporate bonda moved or

rowly

In an irregular pattern, Higher curb' prices were paid for Ainsworth. Babcock and Wilcox, Valspar, United Shoe, Royalite Oll, Louisiana Land 'and Creole Petrolcdm. Barlum Steel backed down-Associated Press,

POPE'S ACTION=

IN JACHYM AFFAIR

Vital spot Pakistan was a vital spot in Asia. One border, he reminded. was next Burma where the Japanese were stopped in the last war and on the other border are Iran and Afghanistan and the mountain passes through which tire Indo-Pakistan sub-continent has been invaded 90 times. Pakis tan was of great importance in relation to communications to and from oilbearing areas of the

Middle East.

Sino-Soviet trade pact ratified

San Francisco, May 13. Peking Radio reported to- night that the Chinese Com- munist Cabinht’had on Friday ratified the. Sino-Soviet trade agreement signed in Moscow on April 19. *:*

Ratification followed the Cabinet's hearing of a repɔrt on the agreement by the Minister of Trade, Mr. Yeh Chi-chuang-Reuter,

SALE OF KMA COAL IN CHINA

The sale of Kailan coal in China will, in future, be hand- led by the State-owned Coa and Building Materials Com- pany of Peking under a year's agreement, signed recently with the Kailan Mining Ad. ministration, which is u large Sino-British concern.

GOOD U.S. BUSINESS OUTLOOK

Washington, May. 13.

President Truman has re ceived B glowing two-word prediction on the business out-

looks in the United States for

the next six months,

The prediction: "very strong." Acting Chairman Leon Keyser- ting of the President's Council of Economic Advisers sald he gave the capsule forecast to Truman In submitting a fidential quarterly economic re port to the Chief Executive.

"Whether you measure it by Industrial

of "output, - profita business, sustained levels of con- sumer buying, car or steel pro- duction, the outlook is very good," Mr. Keyserling said.

P&O. B.I. E&A

COMPANIES

PENINSULAR & ORIENTAL S.N. CO.

PASSENGER/FREIGHT_BERVICE

LEAVES LONDON -

-ti Jane

OUTWARDI

4. "CANTON"

BL "CORFU" :.

# "CARTHAGE"

Balled

20th June

DUE HONGKONG

Kth June

ard July

Bist July

Via Southampton, Port Bald. Ailen, Bomber, Colombo, Pasang a

HOMEWARDS

Blaxporn.

LEAVES HONGKONG

18th May (4 pts.), p:

DUN LONDON

18th June

~19th July

1th August

11h Bertember

Ind Detober

2014 October

Accepting Cazzo for Sinäspore, Pmang. Colambo, Bombay, Adam,"

Mr.

con-

A. "CONFU

"CANTON"

6th June

*-* "GANTIIACE"

Tih Tuir

".. "CORPU”

4th Augvel

7

.. "CANTON"

Ist Baptisber

= "CARTHAGE**.

19th September

Ports Beid à London,

FREIGHT: BERVION

DUS HONGKONG 2nd Jone

FROM

Landon Continent.

LEAVES HONG KONG

8th June

FOR

Robe Yokohama.

LEAVES HONGKONG

15th May

FOR

He said the nation faces mora unemployment because of # steadily rising labour force re- sulting from increased popula- tion,

But he declared that unemploy- ment levels are not critical or dangerous, although higher than they ought to be.

"We must strive for enough expansion and enough of new in- vestment to reduce unemployment to lower levels and absorb the

increasing constantly

Jabour force."---Associated Press.

BARTER DEAL DENOUNCED

Reports in Hong Kong said that, the KMA maintains responsibili Under the agreements, the Coal Jenner, ty for the export of its output.

and Building Materials Company

Washington, May, 14.

Indiana Republican, U.S. Senator -William E. will absorb a monthly minimum today denounced the Agricul

Mr. Liaquat All Khan was pre-KMA.

of 150,000 tons of coal from the ture Department for what he called a deal that will enatch sented an honourary degree from Of this amount 130,000 the University of Kansas City, will be paid for in 150,000 sacks beans from the mouths of the tons 00,000 tons of Manchurian soy- The school also has honoured of flour and the remaining 20,000 starving Chinese. President Harry Truman' and President Miguel. Aleman. of Mexico.

DO

OUTWARDS

"BURAT”

- MA. "SOMALI”

IL “SURATH

HOMEWARDS

"HILLONG"

a. "SOUDAN"

20th June

9 Jure

London Continent

Accepting Cargo for Bakire, Park #wetteškam, Penang, Cologne bo, Aden, Port Ball, Gence, Marsellies, London, Hamburg, AKO- werp & Hotterdam. With liberty to sell a Bombay if lados.ak

TANKE AVAILABLE FOR CARRIAGE OF OIL IN BULK SPACE FOR REFRIGERATED VAROO. LIMITED, PARKINS. KE ACCOMMODATION.

BRITISH INDIA S.N. CO., LTD.

*., "BIRDHANA”

4. "TAIREA"

4 17th May malla 19th Mar

dine 19th May

RA "RURALA"

anila 18th May due find Way

maile 27th Mar

* "BANGOLÀ”

due ist May,

frbin Japan. for Biralte, Rengoon Oplentia

from Calcutta, Ranzver 4 Straits, 'for Japan.

from Calcutta, Madran A Birufis,

for Btral, Chittagong

Calcutta,

from Calcules via Rane

goon Straits,

villa fɔd Jupe for Japan.

* Thane akipo havs- Baftiaernisă Cargo spans.

P. & 0./B.I. JOINT SERVICE

a. "PURNEA"

He told the Senate that the

tons in cash.. mui

Chinese reports reaching Hong Dr. Clarence R., Decker, Univer-Kong said that the East China Agriculture Department had an-

branch

of the State-operated nounced its approval on Thurs sity President, in conferring the degree, sald "Into the tragic concern kept Shanghai well-day of trading about 45,000, bales cotton held by, the turmoil that has shaken the great establishment and there is

stocked with coal ever sines its of surplus

Commodity Credit Corporation Indo-Pakistan sub-continent you

the

Communist Govern- Chinese have brought strength of energy fear of a shortage for many

months.

ment for the soybeans. and

firmness of perseverance.

Shanghal is officially estimated

Senator Jenner noted this coin- character, depth of responsibility

cided und

to possess at least 400,000 tons of

with the action by House an unshakable sense

of

coal, which is a post-war record, and Senate conferees on the for- justico".—Associated Press.

of which 80 per cent was sp000 to old flood and famine vic-

aid bill eign

to allocate $8,000,- piled by the East China OMee of

STATE OF PORT

OF MELBOURNE

A

Melbourne, May 14. Government. Committee today reported a huge decline

INDIAN IMPORTS

OF GRAIN

Senator asked.

the Coal and Building Materials tims in Communist China. Company.Reuter, -

"How can our own Government with one hand offer $8,000,000 worth of food to these famine victims and with the other hand take an equivalent amount of nutritious soybeans from these New Dellal, May 19.

people?"_the_Republican During the first four months of

ERMIC in the eficiency of the Port, of 000 tons of food grains against 1950 India imported -around 600,-

Although the Agriculture De Melbourne, and recommended an estimated annual total export partment did not state the price that it should not at present of 1,300,000 tons. A Food Minis- to be paid for the soybeans-15 handle transhipment of cargoes try official said this year's target be moved to Japan for distribu for other States,

than 'hu: 1940 was Jers

Hon by the Army-Senator Jen imports. The Committee, set up to study He expressed confidence that the ner said the cost would be about shipping congestion hore, sald Nehru Government's promise not $3.28 a bushel on the basis of that Melbourne

was working to import food grains after 195 the value of the cotton being under emergency conditions and would be fulfilled. Last year traded-Associated Press..

Imported about 4,000,000 its use for transhipment should | Indla be discontinued while the emer-tons of grains, gency lasted.

The official sold 1950 Imports

It blamed the serious situa- would include 100,000 tons of tion on many factors and rice front,Burma, costing 55,000,- people, ranging from. water-000 Rupees-Associated Press. side workers to merchants and Government departments.

Effelency had declined in spite of considerable mechanisation since 1938, when there were practically no mechanical aids to handling cargoes, the Committee reported.

Senator G. MeLery, Minister of Shipping to whom the report was submitted, said that, the position in Melbourne was most disquiet- ing-Reuter.

U.S. CAR PLANT FOR ISRAEL

Halla, May 14.. The American Katser-Frazer Automobile. Company has decided to go ahead with plans to build

NY COTTON

MAERSK LINE

NOTICE TO CONSIGNEES

The M/V ELSE MAERSK"

arrived having

New York, May 13, Cotton futures trading was from New York and Ports. quiet today with nearby deliveries of tall, Consignees of Cargo that hereby notified aided by export covering. Future" are closed five to 50 cents a bale their goods are being landed higher than the previous close.

and placed at their risk May 32.44

and expenses into the Hong July 32.58-59

Kong & Kowloon Wharf & Go- October 31.20

down Company godowns at December 31.20 March $1.09E

Kowloon, where delivery may be obtained as soon as the goods May 31.07- Middling spot $3.29 nominal

are landed. Associated Press.

U.S. PRICES UP

Washington, May 13. The Government's daily Index

Optional cargo will not be fanded here, unless notice has been given 48. hours prior to vessel's arrival, but: carried on from port to port to the final port of call to which the option

cars in israel (In spite of Arab of prices hit a high for the year League boycott threats, Mr. A. in the week ending May B. extends Cage, the firm's Aiddia East The Bureau of Labour Statistica

manager, said today.

said the Index of 28 commoditier

No claims will be admitted The concern did not depend on climbed two per cent during the after the Goods have left the

week to 25.9 per cent of the Godowns, and all goods remain August 1930 level. The Agency

Vienna, May 13. Theodore Cardinal Innitzer. Roman Catholic Archbishop of Arab markets. The Israel market Vienna, announced today that alone would be able to absorb & Pope Plus KII after extensive considerable part of the produe study, reconfirmed the appoint-Lion. The first Israel-made cars in ment of the Reverand Franz would be ready for export in the Jachy self-styled "unworthy autumn-Reuter. 'Bishon," as Titular Archbishop of

the Vienna, Archdiocese.

STEEL RECORD

New York, May 13.. Steal production in the United

sold there has been a steady riso ng undelivered after May 16.

prices over a fairly long 1950, will be subject to rent. period, adding that it is studying broken, chafed, the picture to determine what

and significance the trend may have. damaged Goods are to be left -Associated Press.

In the Godowna, “ where they will be examined on May -15, 1950; at 10 nm. by our

NOTICE TO CONSIGNEES 8.8. TYNDAREUS”

Damaged cargo ex this yea-

Surveyors, Messrs. Goddard & Douglas.

On April 29 Father Jachym was -dressed in the robes of a Bishop and standing before Cardinal In- nitzer to be consecrated; when he suddenly said: "I have come to States in April totalled 8,190,050 the conclusion, that I am not tone-the highest output on re-

To comply with the General worthy," He then walked from cord for that month, American

Bonded Warehouse Regulations the church despite

despite plens of Iron and Steel Institute reported, @officiala.

Production last:- month wat sel will be surveyed by Messrs consignees must have a Re Ma-An official of Btephen's mare than 700,000 tons above tie Goddard & Douglas at Holt' Venue Officer in attendance

Church sald: "I believe Father March output and about 400,000 Wharf from 10 am on May are examined.

when damaged, dutiable goods Jachym, will now accept his up- tons more than the; gical-com- pointment. United Press, var panfos produced in April last 16, 1980, and consignees aro

requested to have their re- | All claims presentatives e/presont during before Jung NINE KILLED IN

will not |the survey. EXPLOSION

Nó InsuraE

Year Associated PresÉ.

due Kind May

1. "PUNDUAR

skila föll 'May „Buy, 18th May:

fraws Perala Bombay, Colombo Birzita, for Japan.

Persian From Bombay & Straits,

il 29th May for Japan,

fall,

Gulf,

EASTERN & AUSTRALIAN S.S. CO., LTD.

** "SABTERN".

deiit, June from. New > Zealand 4

?

Australia,

-AB- rumala bave Uberty to, vall at may porta un or off the route, samdesent and the routes and sailings ses subject to change or with or without notiam.

For full particolars apply to:- "MACKINNON, MACKENZIE & CO.

Telephone Nos. 27721-4,

U.S. ORIENT MERCHANT LINE.

ARRIVALS

SHIP

B.. "ORETE" KE, TRITON" SL "GOROL"

6. "ARISTEDES"

FROM

DUR

EAST COAST/U.S.A.

Abt.

2016 May 20th May 10th May

6th June

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

York Building.

AGENTS.

NOTICE

Tel.: 34165

AUSTRALIAN/FAR EASTERN SHIPPING CONFERENCE

The members of this Conference regret that they find it necessary to increase all freight rates in the Southern Schedule by ten per centum 'as from 1st June, 1950, The present rates will however continue to be available to those shippers who find it convenient to contract which the Conterence Forms of contract will be available at members" offices from 15th May.

Australia-China Låne Limited

(Agents, Jarding, Matheson & Co, Ltd.)

Australian-Oriental Lin

"V Limited:

China: Navigation. Company Limited) Joint Borvico

tAgents, Butterfield & Swire)

Australian-West Facile Lino“

Agents, Dodwell de Co., Ltd.)

urns · Phiip":"4"; Company

nts, Ujbb, Livingst

Mackinnon)” M