1950-05-22 — Page 9

Page

THE CHINA-MAIL,- MONDAY, MAY 22, 1050.

Pago

BUTTERFIELD &SWIRED

CHINA NAVIGATION: CO., LTD.

*SZECHUEN”

"SHENGKING"

"POYANG"

"PAKUOI"

"FOOCHOW"

"KWEIYANG"

"SZECHUEN" SOOCHOW"

"POYANG" "FOUCHOW' "PAKHOI

"FATSHAN"

SAILINGS TO

Bangkok

Keelung

. Tientsin Kaohsiung, Yoko-

hama, Nagoya, Osaka & Kohe Yokohama, Nagoya,

Osaka & Kobe .Singapore

* Salls from

ARRIVALS FROM Kobe & Keelung...

Tientsin & Tsingtao Indonezia & Strails Bangkok

RIVER SERVICE Hongkong/Macao Dept. Hongkong

n. Mon., Tues., Thur., Fri & Sat.

5 p.m. 25th May

5 p.m. 25th May

6 pm, 28th May

5 p.m. 20th May

5 p.m. 28th May

3 p.m. 5th June Custodian Wharf,

fard/24th May

24th May 24th/25th May 25th May 25th/26th May

Maeno/Hongkong Arr. Hongkong 7 a.mi. Tue, Wed,

Fri, & Sat. 3.30 p.m. Sunday.

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

"CHANGTE"

"TAIYUAN" "TAIPING" "CHANGSHA"

TAIYUAN"

"CHANGTE”

""TAIYUAN"

"TAIPING" "CHANGSHA'

"TAIYUAN"

SAILINGS TO

Manus Is., Sydney

& Melbourne

Japan Japan

Japan.

4 p.m. 21st May

2nd June

5th June

9th June

Sydney & Melbourne ARRIVALS FROM

Yokohama Australia & Manila Australia & Manila Australia & Manila

20th June

In Port

25th May

F

1st June 5th June 17th June

BLUE FUNNEL LINE

Scheduled Sailings to Europe vin Aden & Port saldi

"CLYTONEUS" ..Genon.

"PYRRIIUS"

"CALCITAS"

"DOLIUS"

Row

Marsellies

FINANCE

AND

COMMERCE

UK MANUFACTURERS Strong trend P&O B.I. E&A

ASK GOV'T TO CALL in wool

ECONOMIC MEETING prices noted

New York Stock Exchange

New York, May 20. The stock market fished a week

of rising prices with fresh guins today.

London, May 20.

British manufacturing firms have asked 'the Gov- emment to call a Commonwealth economic conference as soon as possible to settle the problem of Sterling, bålances us d'first stop to ending currency restrictions and developing the Commonwealth's contribution to world trado.

The National Union of Manufacturers, represent- ing more than 5,000 firms and 65 affiliated trade associations; outlined this proposal in o memorandum, published today, to the Prime Minister, Mr. Clement Attlee, and other Ministers concerned.

Although nil the advances were tered in a few minutes of fast

The Ualon believes that the re- trading at the opening of bu:1-

quotations, were up currency Tractlens to pround point and between Commonwealth countries at or near the best levels of the which would present the rest of day.

the world with a single trading area, would provide a a strong and stable economic position.

Boston, 'May 20. With restricte|l available supplies and active consump-

there is tion,

Q consequent strong trend in wool prices in Boston, according to the "Com- mercial Bulletin." The "Bul- lelin" says.

"Wool is coming into this port and Into the market at a moder- ale rate from both foreign and It is n lang domestic sourcea

time since any volume has ac cumulated in warehouses, because much foreign -wool imported has been sold to mills direct or st Joust before arrival.

bringing

"Some dealers are their Western purchases to this market for spot turnover, though outside of grading clips much over to mills for direct shipment. wool is understood to be turned Wools prepared for spot sale here are in good demand, especially where replacement costs in the West and abroad keep ahead of Boston prices in advances.

To achieve this, a settlement of greeterlik balances must be freely within the might move

Commonwealth arca Sterling The conference should alse dia cuss the further, development of with Commonwealth resources the immediate goal of closing thr de-dollar gap.

"Actual spot trading affords Speein

attention huk be limited details as for some time, given to the expansion of trade both from the persistently low between Canud hind other coun-state of stocks and selling of wool en route. Scattered business tries of the Commonwealth.

There were a few holdouts to the forward move, notably rub-

"The aim should be not to build ber stick Trading was fairly

trade wall around the Common- active thoughout the two-hour a day although a good part of the wealth," the memorandum netivity was concentrated in earlyclared, "but to develop its poten- delings, Sales app cached 900,- tial contribution to world trade

whole. 700 shares, against last Saturday's as a

"But the essential pre-requisite 570,000.

For the Bfth session in a row, of multilateral trade is the market touched a new four-convertible currency. year peak. Prespects of good usiness generally for months ahend provled strong support.

Higher prices were paid for Dougins Aircraft, Emerson Radia, National Supply, Presed Steel Air International Nickel, Car, Reduction, American Woollen and Smelair Oil.

Holding back were Goodyear. Goodrich, U.S. Rubber and Con- solidated Edina.

Stack

Dow Jones averages: 78.72; 20 Industrials 222.41: 15 Rails 56.96; 10 Utilities 44.20.

Closing quotations:

Adams Express 224 Ala ka, Juneau 2% American Can 119%

Smelting 50%% Telephone 181 Waterworks 10%

Liverpool. Dublin

& Glasgow

25th May

Cienon. Marseilles,

Liverpool & Glas-

6th June

ARRIVALS FROM

30th May

11th June

UK. via Stralis

12th June

UK via Stralis &

Manila

Baldwin Locomotive 11%.

13th June

27th June

Bendix Aviation 45

U.K. vla Straits

5th July

"AUTOMEDON"

.UK. via Straits. &

Manila

13th July

"PELEUS"

'"AGAPENOR"

"AENEAS" "MAKON"

UK, viu Stralis .UK. via Bangkok &

Labunn

K va Strails

DE LA RAMA LINES

ARRIVING VIA MANILA FROM

U.S. ATLANTIC & PACIFIC COAST PORTS

*HALLAND"

19th June

Carriers option to proceed via other ports to loud & dischargo_cargo.

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 Rd West. 25875, 32144. 24878.

Now Summer Holidays

is the time

to plof

WHAT BETTER

THAN A ROUND TRIP/

to

JAPAN

AT REDUCED FARES?

with no axle charge for

firing abound the ship in JAPAN

ROUND TRIP FARE:

HK$500 to HK$600

For Particulars Apply to

JARDINE, MATHESON & CO., LTD.

OKAY PASSENGER DEPARTMENT:

20311

Anaconda Copper 33

Aviation Corp. 7%

Barnsdall 534

Bethlehem Steel 37%

Boring Aircraft

Herden C3, 50

2016

Canadian Pacific 15%

J. 1. Case 43%

Chrysler 69%

Commercial Solvant 10%

Cura Products 67%

Du Pont 79%

Eastman Kodak 47

General Electric 504 Gene

Motors 86%1⁄2 Goodrich 89%

Gamiyear 5AM

"

Homestake Mining 43 ---Interimtional-Harvester-2044

Paper 48 Tel & Tel 13% -Johns Manville 51

Kennecdt Copper 57 Montgomery Ward 68% National Distillers 22

Lead 44%

New York Crotal 14% Puckard Motors 3%

Pan American Airways 0% Pennsylvania RR 10% Radło Beat serp. 2014

Real Silk 144

Remington Rand 12 Republic Steel 33% Reynolds Tobacco 7 Schenley 334 Stars Roebuck 44% Shell Oil 44% Soceny Vacuum 19 Southern Pacifle 564 Standard Brands 235%

Oil of Calif. 60

WA Oil of N. f. 7021 Studebaker 35 Union Bag 30%

Carbide 50

US Rubber 43

Steel 33% Lines 10 Westinghouse 35

Youngstown Sheet & Tube 80% Gen. Pub, Utilities 17%

In the curb, Glen Alden Coal

In moved up response to the first dividend

since September last Also ahead were Louision

Agreed solution

freely

**it appreciated that this cannot be achievert immediately con- but the National Union aldera that the first stop should be to remove all currency re- strictions between the countries of the Commonwealth (with the exception, for the time being. of Canada); and this implies an immediato, agreed

solution of

the problem of the Sterling balances."

The conference should also ex-continues to embrace a represen- amine the possibility of selling tutive list of domestic types from up a permanent organisation or the new clip, as well as available of arranging regular conferences small supplies of pulled wool. of this kind.--Reuter,

Cotton cloth

prices in

U.S. advance

New York, May 20. Prices are advancing in the colton textile market and many believe the bottom that pur- chasers have been waiting for has been reached,

trading

The main task of the proposer! conference, the memorandum said, would be to co-ordinate the ex- ternal trade of Commonwealth During the past six countries is such a way as todays on estimated 150,000,000 been wold present to the rest of the world yards of cloth have

area with here. single trading strong, stable internal economy.

(Continued on Col. 6)

Blasted munitions may have been marked for abroad

South Amboy, New Jersey, May 20.

Explosives which blew up in this waterfront city on Friday night and left 22 mon missing and hundreds injured may have been intended for shipment to-some-foreign nation............ Defence officials in Washington said they believed the blasted ammunition was part of a com- mercial shipment. Rumours floated around that it had been destined for Pakistan.

Press representatives of Mr. Coast Guardsmen Converged

guarding banks Liaquat All Khan, the Premier the city,

"Our quotations of last week on territory grades except halt blood seem to be the prevailing basis of spot turnover, though markets are still rising. On half blood territory, $1.50 appears to be a conservative price today. A higher level for quarter blood also is reparted, with $1.15 sug- gested as the botton.

"Some Montevideo super six- ties, still awaiting shipment, have been sold by a dealer house here for 87 cents. Even that is now low for replacement."

(Continued from Col. 5)

grew, prices As the demand

items that advanced on many have either stood stil or sagged during the Black months of March and April,

Much of the trading was dons.

in the popular 80 square pring cloth, the Itein that is made into such things as women's dresses, childrens playsults, zmocks blouses.

and

And the price on this type of cloth advanced one cent a yard from 10 to 20 cents.

A turnover of 150,000,000 yawls in six trading days is not a re- cord-not

tims even a peace record, but it is a tremendous lot of business.

as

There are not many mills in the United States that could turn out that yardage in a whole year. mean booked And the orders good business for the Northern And-Southern-mills as well jobs

the 10:

mill workera through the remainder of 1950.

It indicates too that the buyers have been in the market who waiting all winter and spring for lower

on

prices finally feel the level has hit rock bottom.

and

busi- Adding to good civilian ness has been government orders. Within the last few days, the no reports of disorders.

The force of the explosion Army called for blds on 15,000,- over 000 yards of combed twill cloth. blow anti-personnel mines

other

Army. combat There have been

of Pakistan, reached at El other public places. There were Centro, Califomia, said they were sure the munitions in the explosion were not consigned to Pakistan, The Prime Minister himself could not be reached during his brief El Centro stop while on an air tour of the Im perial Valley.

In Washington, a Pakistan Em- bassy official sald his country-rei cently had purchased light muni- tions, Including anti-tank and this anti-personnel mines, in country and that these were duc for shipment about this time."

One report received by the Embassy was that the explosion ecurred in 45 tons of dynamite which had no connection with the Pakistan" order.

....

The Minister, Mr. M. O. A. Bale, told a reporter that "we are trying to get some oficial information whether our ma- teriala, were involved."

obtained a Pakistan, recently mmunitions

from export licence the United States government 14 cover shipment of goods it was

Land, New Mexico and Arizona buying.

Laund

Salt Domne Oll, Kirby In New York, the Isbrandtsen Petroleum, Creole

Petroleum, Steamship Line said ammunition Colonial Air Lines and Arkansas in South Amboy was to be load Natural Gas Raytheon Manufaced aboard one of its vessels, the turing was shaded na trifle.

Clipper. A spokesman Corporate bonds were on a firm emphasised, however, that it was price footing-Associated Press. not known whether the ammuni

tion which exploded was "'ainted" for the Flying Clipper,

PEPPER HARVEST. BOUGHT UP

Saigon, May 20. The French announced today that they had won a great econo mio victory over Indo-Chinn's rebet leader Ho Chi-minh- by buying up the pepper harvest in the kingdom of Cambodia, one of the three States of Indo-China,

It was bought for "82,000,000 plastres (£1,500,000).

Flying

Investigation;

The State Department, anid In Washington that would Investigate the blast is delar- explosives mins whether the

been properly Involved had

lensed for exporter. A un It had not yet been determined how the explosion occurred........ Four bodies had been recovered from the mine-strewn blast!"ares, today. Omelas said. Toroperty damage in South Amboy ✨ might exceed 120,000,000. French sources said that Ho's It believed that the men forces had intended to requisition were loading Your bar the pepper harvest, and exchange 800 tons of ammkallion it in Blam for, arms, despite the had been blown to tant that Slam has formally re- blut was heard bi cognised, the French-backed New Jer Vietnam, regimes under ex-Em Pennsylvania. peror Bao Dal Associated Press. "Arný.

wide area, Army to the orders for other types in sub.

engineers were rushed scene to comb, for ammunition stantial, although fesser amounts.

-Associated Press. and duds.Assocluted Press.

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 BAY"

"PIONEER DALE"

"PIONEER LAKE"

May 31 Jund 12- June 24

SAILING TO MANILA "PIONEER BAY" (vla Yokohama, Fusan,

Takubar) ·

June:* “PIONEER DALE” (via Yokohama, Kobe

..June 12 & Fusan) PIONEER LAKE" (via Yokohama &

Takubar)VALAMIKAJune: 25 SAILINGS TO NEW YORK, BOSTON, BALTIMORE, PHILADELPHIA via JAPAN & PANAMA CANAL A "PIONEER COVE": Arr. May 27 Sails May 20 "PIONEER MAIL" June 8 June 10 "PIONEER BAY" M June 27 June 29 "PIONEER DALE' VIENNA, July, '55) July

For rates, special information onlin

UNITED STATES LINES Queen's, Bldg. COMPANY

Teli 28190.

The abers-Hai Indicatoriike principal, p urfa, et lonking and discharžo,

COMPANIES

PENINSULAR & ORIENTAL 5.N. CO.

-

PASSENGER/FREIGHT SERVICE

OUTWARDB

B. "CARTON"

"CARTHAGE"

"CORFU“

LEAVES LONDON DUE HONGKONU Sailmi

1. June

• 20. Juna

c

5th June

Brd July

1st July

Via Bouthampton, Pari Bald. Aden, Bombay. Colombo, Penang &

HOMEWARDS

LJ, "CANTONTM

"CARTHAGE"

... "CORPUS"

"CANTON",

НА "САНТЦАСЕ" -- "CORFU"

* "CANTON" "CHURAN”

Bingapore.

LEAVES HONGKONG

Htb Zane

4th July

113 Avent

Ial Reptember 24th September

27th Octubre

24th November

9th December

DUE LONDON

10th July

8th Aurort

Ich Beptember Zwił October

50th October 17th November 20th December.

Gth January

Accepting Cargo for Bingapore, Penans. Colambo, Bombay, Aden,

Ports Bald & London,

OUTWARDS

m.

4, "BURAT"

"SONALI” HOMEWARDS

ma. "ROUDAN" "BURAT

1st June

FREIGHT SERVICE

NUR HONGKONG

20th June

1.RAVES BONGKONG

FROM London & Continent.

FOR

9th Jund

London Continent,

29th June

Accepting Cargo for Blagapore, Port Eweitenbem. Panung, Dulome ba, Aden, Port Bald, Genos, Marellies, Tandon, Hamburg, Ant werp & Rotterdam. With liberty to call at ombay if inducement attend

TANKS AVAILABLE FOR 'CARRIAGE OF OIL IN DULK LIMITED PAISEN- SPACE FOR REFRIGERATED JARGO.- OB ACCOMMODATION.

BRITISH INDIA S.N. CO., LTD.

* "TAIREA"

"PIRALA"

*ma "BANGOLA"

In port

* 22nd May In port

il 25th May

due int lay

all 2nd Tues

frem Calculta, Rangoon & Etraits, für Japan,

from Calentin, Madras

Etrails.

for Stralis, Rangoon Calcutta,

from Calculta vla Han- goon. Birall. for Japan,

• The shipe bere Enfriamated Cargo space.

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

"TURNEA"

Ja port

:

"FUNDUA“

ails 25th MKY duo 30th May

alt May

frum Persian Gulf,

Nombay. Colombo

trull,

for Japan.

from

Bombay & Biralta,

for Japan."

Gulf,

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

** "EASTERN"

due 1st June

from New Zealand Australia, for Australin.

alle 26th June Accepting enrgo for Manila, Port Moresby, Brisbane, Sydney, Mol. bourne Adelaide, and on through, bills of Inting for New Zia-" - land & Pacifin Island poris, *

..

sampuanze 20

All the have llberts to call at any porte an off the ruste. and the routes and callings are subject to change with or without notice.

For full particulars apply to: -

- MACKINNON, MACKENZIE & CO

Telephone Nos-27721-4.

BURNS PHILP

LINE

M.V. “MERKUR”

is expected to arrivo from Australia 8th JUNE

Round Trip to Japanese Ports 12th June 28th Jund. SPECIAL ROUND TRIP FARES HK$600.

Sails for Now Guinea and Australian Porta via Manila

J

THURSDAY, 29th JUNE

For passage and freight apply.

GIBB, LIVINGSTON & CO., LTD.

AGENTS

P. & O.,Building Ground floor.

Tel 30327,

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