1950-05-29 — Page 9

Page

THE CHINA MAIL. MONDAY, MAN:-29,-1950;

Page D

"POYANGI

"PAKBOL

BUTTERFIELD &SWIRE

CHINA 'NAVIGATION CO., LTD.

SHENGKING"

"FOOCHOW"

bYUNNAN"

PRODUCE"

"HUPEIP" "SIJANSI" "KWEIYANG"

"4500CHOW"

SAILINGS TO

Inchon & Tientsin Kaohsiung, Yoka- hama. Nagoya, Osaka & Kobe Keelung Yokohama. Nugoya,

Osaka & Kobe Saigon

Shugapore, Djakarta,

& Silmu

'5 p.m. 20th May

2.30 p.m. 30th May,

5 p.m. 30th May

5 p.m. 31st May

5 p.m. 1st June.

5 p.m. 2nd June

5 p.m. 4th June"

5 p.m. 8th June

3. 8th June

Tientsin

Bangkok

Singapore

Salls from

Custodian Wharf.

ARRIVALS FROM

Reelung

aist May

Tantsin & Taingthe 31st May/1st Juno Bridal | Saigon

"DUPER"

"KWEIYANGU"

"SHANSI

Kobe 1.

2nd/3rd June 5th June

AUSTRALIAN ORIPITAL LINE LTD./CHINA

NAVIGATION CO.,

"D. JOINT SERVICE

SAILINGS TO

*TAIYUAN" ....Japan

*TAIPING"

Japan

“CHANGSHA"

„Japan

"TAIYUAN"

Sydter

2nd June 5th June 12th June 20th June.

"TAIPING"

*CHANGSHA"

"TAIYUAN"

ARRIVALS FROM

Australia & Manila Australia & Manila Australa & Manila Japani

In Port 1st June

8th June

17th Jung

*PAIYUAN"

BLUE FUNNEL LINE

Scheduled Sailings to Europe vin Aden & Port Said.

"PYRRHUS"

"AGAPENOR":

"CALCHAS

.Genoa, Marseilles,

Liverpool & Glas-

JOW

Dublin

FINANCE

AND

COMMERCE

COMMERCE SECRETARY ASKS RESIGNATIONS OF TWO OFFICIALS

New York Stock Exchange

New York, May 27, Wall Street went on an unom-

Washington, May 27.

The Secretary of Commerce, Mr. Charles Sawyer, today asked the resignations of William Ro- Do- mington and Michael Loo, Commerce partment officials whose loyalty, is undor in-` vestigation.

The Commerce Loyalty Board is conducting an investigation on that score. Mr. Sawyer said if they do not resign the Department will dis- charge them.

Remington was accused cial summer scheriale today, and originally by Miss Elizabeta brokers and their customers Bentley, self-confessed formes showed only mentre interest. Communist

courier, of trans-

Trading dropped to around 500,mitting secret information to 000 shares,

Price

changes were fractional her. He was later cleared by for the most

Issuer loyalty review board and Com- was. reinstated in the

2 less merce Department in "sensitive" job.

and many were ignored completely. Rub ber shares continued to improve. Galners included Goodrich, Stufe baker. Phileo, Senshine Maing, Allied Chemical, Standard Oil of New Jersey.

A second

check was ordered recently after the House Un-

Holky were Young town Sheet,

American activities Commitice General Motors, Chrysler, Anen-produced testimony that he uscă to be a Communist. Remington da Cop

Copper, Dupont, US. Gypsum. Dow Jees averages Sturks swore that he never was. 78.11: 20 Indu: Frith 221.75; 15 Ruits 50.20; 10 Unlilies 83.67.

Closing quotations Alaska Juneau American Cub

27

Smeting

.118% 55

Telephone

161

Tobiern

074

Waterworks

-11

Ausconclu

Copper

3144

Aviation Corp. k.

75%

Baldwin Locomotive

1031

6th June

Barnsdall

$254

Jävreport

18th June

Bendix

Aviation

46

L'esablanca, Havre.

Bethlehem Steel

36

Liverpool

Boeing Aircraft

29%

Borden Co.

51

23rd June

Canadian Pacifie

J. L. Case

15% 43%

ARRIVALS FROM

Chrysler

"PELEUS" PAGAPENOR“

13th June

Corn Products

UK. via Straits &

Manila

13th June

"DOLIUS"

„K, via Bangkok &

Labuan

"AENEAS"

UK. via Straits

J5th June 27th June

"MARON"

UK, via Straits

5th July

"AUTOMEDON"

B.K. via Straits &

Manila

13th July

18th July

PK. via Straits

"PATROCLUS" ....UK. via Straits

DE LA RAMA LINES

Sulling to NEW YORK, BALTIMORE, PHILADELPHIA,

Via JAPAN and PACIFIC COAST PORTS

"DONA ANICETA"

Colgate

Du Pont Eastman Kodak General Electric

Goodrich Goodyear

Motors

Hornestake Mining Jaternational Harvester

Paper

Tol & Tel Johns Manville Kennecott Copper Montgomery Ward National Distillers

Lead

Lee was accused by Republican Senator George Malone of delay ing 1948 shipments of aviation petrol to Nationalist China for

its war with the Communists.

Lee is the head of the Depart-

de-

BRIGHT BUSINESS OUTLOOK

FOREIGN FIRMS IN INDONESIA

Amsterdam, May 27.

Mr. E. Davis, authorised re- presentative in Holland of In- donesian trade concerns, has said that when the Indonesian Federation has been transform- ed into a military State, the concerns position of foreign working in Indonesia can, i anything improve.

Now that the component States were dissolving, he explained, the Central Government administra- tion could work more effectively and promote business contact.

He thought the chances of good economic development in Indo- ncsin were now more favourable than before.

If the new State succeeded this year in showing the world a strong Government, firmly estab- Ishing its international relations and suppressing rebellious cle- ments, then, Mr. Davis said, the future could be faced with con- fidence.

In-

New York, May 27. Industrial buyers expect He thought Communist business 10 continue high fluence in Indonesia negligible through June, the Business and saw no reason to expect Survey Committee of the Na- Communist infiltration on a large tional Association of Purelius-scale. It was important that in- ing agents reported today.

fluential Indonesians, ke

the During July, the Committer Economie Affairs Minister, sold, production will be lower Djuunda, should stay in because of Industrial holklay any new Government, he said.

lose-downs which were dex-

Despite the great difficulties in cribed Us "the heaviest we have the past, such men hud succeeded experienced."

in establishing valuable interna- played a leading role.---Reuter. tional relations, in which Holland

Commitice found prices on the Surveying May reports, the Inercnse, paced by non-ferrous metals, inventories larger to keep

ment's Far East branch in the Coffee of international trade.

Commerce officials denied Sena- tor Malone's churges but mem-in balance with expanded con- bers of the Schate Commerce

suming demund, baek-order hooks on the rise for the third consecu Commillee after bearings

tive month, and employment up manded Lee's dismissal.

the Joll olong

ne, with SOIL goods an exception.

Aside from copper, zinc and lear, the Committee, listed as, im- portant materials to show price increases:

Mr. Sawyer said his action was taken in the interest of good ad- ministration in the Department.

Lee said, "I am loyal, I have not been involved in a security 454 0715 yel."

70

89

06

The ellizenship of the Man- 40% churian-born naturalised citizen 4914 Lee has already figured in the ease with reports, that he was thrice denied his American papers but was finally admitled as a 47% citizen in 1941. 2814

5414

57

45%%

Among the reasons for his be- 1314 Ing denied citizenship the first 56% hree times, according to Senator Malone, was that he was net in 60% sympathy with the United States 22% constitution, Lee was born

Harbin, China,

4534

New York Central

135%

1372

Puckard Motos

770

13th June

Pan American Airways

N

Pennsylvania R

1015

13

Carriers option to proceed vin other parts to Toad & discharge 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.

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"

Radio Corp... Remington Rand Republic Steel Reynolds Talen Schenley Sears Roebuck Shelf O Sucony Yacutum... Southern Pacific Standard Brands

Oil of Calif.

Won't resign

in

Remington was reinstated by 100% the Commerce Department as economist in the Office of Inter- Miss

19

Acids, alcohol, glue, buliding materials, caustic soda, corns

dyes, fuel oil, scrap iron, tarch,

lumber, menthol, krutt hides, paper, rubber, sliver, soop, soda ash, tin and tyres. The few on the down side were reported an coffee, eggs, coal, coke, rosin and some textiles-Associated Press.

WOOL MARKET

IN BOSTON

Boston, May 27. Spot business is limited. in the Boston wool market by restricted supplies more than by lack of demand,

Office

Aid for backward countries

Mr.

in

on

Lake Success, May 27. United Nations plans for a world-wide Caference. technical help for economically backward countries were being finally shaped today. as a result of the United States Senate's approval of $33.000.000 auth- orisation for President Tru- man's "Point Four" project.

The conference-twice post- poned because Congress delayed action on the Point Four autho- risation-will be convened here an Jane 12, Most of the 74 na- tions invited are expected to at- Lend,

In principle the idea of an ex- 'panded United Nations program - me of technical assistance hus en approved, but the con- ference was called to determine the scope of the international project and to allocate each con- tributing country's quota to the costs.

denier hands by direct shipment wcialas

Officials here pointed out that

The Commercial Bulletin said today: "The new domestle clip. is moving along to consumers, but much of it is going through and not after warehousing here,

"Mills continue to work on a close purchasing policy. It seems, but demand is active against or ders in hand for the next several months. The worsted ends and fine woollens, show encouraging conditions as reflected in wool

37 Bentley's charges against him he 32% was chairman of a committee in 45 targe of exports 10 Eastern Eu- 4344 rope. Itemington admitted that he gave information to Miss Bent- 55%ey but said he did so innocently subversive intent, and without thinking she was a reporter.

Remington promptly rejected demand.

23

Oil of N. J.

7511

Studebaker

3414

30%

60%

46%

327%

1514

34%

03

17%

Union Bag

Carbide

US Rubber

"Steel

**

Lines Westinghouse

Youngstown Sheet & Tube

Gen. Pub. Utilities

Corporate bonds

rowly.

moved nar- Higher in the curb were Pitts- burgh Metallurgical, Royalite Oil, Louisiana Laud, Creole Petroleum, Central Ohio Steel-Associated

Preks.

NY COTTON

money

Senate authorisation was for $35,000,000, the United Nations was $25,000,000-

available to the theoretically Because $10,000,000-had already heca allocated by the United States for previous commitments

Actually, according to best estimates

here,

probable

Mr. Sawyer's request. Through "Woollens are indicated to be maximum of the United States his attorney, he said, "I cannot getting spotty sales and to be contribution to the United Nations of course resign from the Com-

omslow on the whole. The market programme would be $10,000,000. marce Department under fire. for nails and wool wastes is re-

bava perfected my work thereported to be good for moderate to the very beat of my ability, staples avallable, with prices very

My loyalty has been affirmed firm.

by the President's loyalty re

"Half-blood wools are less in view board. I am willing to demand than others and not so see this fight through."

-Reuter.

P&O B.I. E&A

COMPANIES

PENINSULAR & ORIENTAL 5.N. CO.

- PASSENGER/FREIGHT SERVICE

OUTWARDS

** "CANTON"

# "CARTHAGE"

"CONFU"

LEAVES LONDON

DUE HONGKONG

SJ!

Jah Jana

Erd Jaly

31st July

lal June

29th June

Via Southampton, Post Bald. Adm, Bombay, Colombo, Fenung &

HOMEWARDS.

* "CANTON"

"CARTHAGE"

E, "CORFU *", "CANTON"

* "CARTHAGE"

.. "CORFU"

*15. "CANTON"

* "CHUBAN"

Bingapore

·

LEAVES HONGKONG

DUR LONDON

Pch Jums

10th July

Bà Auguet

7th July (th August

1st September

17th Beztember 27th October

23rd Novum beg

Jih December

4th September

2nd October

20th October

27th November

Béth Becumber

Gih January

* Disembarks pansurgere at Bouthampton on 2ied December. Accepting ear for Bingapore, Penang, Colombo, Uombay, Ades, Port Said A London.

OUTWARDO

a. "HURATH

"DHALI" HOMEWARDO ma, "SOUDAN" *.*. "BURAT"

FREIGHT SERVICE

DUE HONGKONG 10th May

20th June

FROM

London Continent."

FOR

LEAVES HUNDKONA

13th June

2nd July

London & Content.

Asorpting Cargo for Blogger, Port Oweitesham, Penang, Colo bo, Aden, Puri Bali, dance, Harpeities, London, Hamburg, Aut werp & Botterdam. With liberty to call at Dombay if inducement offer.

TANKS AVAILABLE FOR CARRIAGE OF OIL IN DULI SPACE FOR REFRIGERATED VABGO. LIMITED PASSEN. QER ACCOMMODATION.

BRITISH INDIA S.N. CO., LTD.

".. "TAIREA"

due at May

salia End June dur

all 16th June

Elb June

fram Calculta via Ran. goon Baits,

for Japan.

free pats,

for Singapore, Penang. Rangoon & Calcutie,

• Then ships bare Befcigerated Cargo space.

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

"PUNDUA“

MA TOZARDA”

dis 2014 xy

solls Sat May

6th June ail 7th June

"PURNEA"

Jun 22nd June

Khile 2014 June

from Persiati

Bombay Straits, for Japan, from Japan,

Culf.

for Strull, Colorado, Bombay, Karachi & Par.

tan Gall

fron' Japan. for traila & Chittagong

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

12. "KASTERN"

due ni May from Now Zraiand &

Australia acile 24th June for Australia.

Arcepting cargo for Masila, Port Moresby. Brisbane, Bydney, Mel bourne & Adelaide, and on through bills of Indira for New Zea Jand & Pacino Jaland ports,

All vessels have Hberty to call at any ports on or off the route, and the routes and sailings are subject te change or amendment with or without notice.

For full particulars apply to: MACKINNON, MACKENZIE & CO.

Telephone Nos-27721-4.

MESSAGERIES MARITIMES

FINANCIAL MOVE M.V.“LA MARSEILLAISE”

BY ETHIOPIA

Addis Ababa, May 27. Ethiopia today reduced the gold, sliver and foreign exchange cover of her currency from 75 per cent to 30 per cent,

quick to advance. However, re- placement costs are frm and with Senator Joseph McCarthy, whose charges of Communists in pasis is believed quotable here.

spet supplies limited higher the Government are under Con- "Montevideo-wools are begin- This is expected to release gressional investigation, said ofning to arrive and considerable 21,000,000 Ethiopian dollars the Commerce Department's ac- supplies will be moving through worth of foreign exchange. The tion, "It is extremely interesting the port in the next few weeks. decision was announced by the in view of these developments Some 60s suger were reported as Ethioplan" State following a sur- that the Attorney-Generat New Orleans, May 27.

sold en route, recently for 85 vey of Ethiopia's economic and making speeches that there are cents, C. and in bond. Other financial position by a were

World a bale lawer Communists in the Govern-business in foreign is scattered as Bank/mission. The mission left

ment. It should be remembered for some time!'. - Associated today for Cairo. that both Remington and Lee Press. 33.15

were exposed by Congressional investigations which the Attorney General condemned."

Cotton futures steady at 40 cents to 10 cents higher."

July

October

December

March

May

today

Spot closed steady and

31.79

31.08

31.73 bid 31.60

unchanged, sales 308 contracts.

Middling ****

33.30

.Juno 1 Juno 12 June 24

-Associated Press.

SAILING TO MANILA “PIONEER BAY" (via Yokohama, Fusan,

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

& Fúsan)......June 13 "PIONEER LAKE" (via Yokohama d

Tokubar)

.June 25 SAILINGS TO NEW YORK, BOSTON, BALTIMORE, PHILADELPHIA vla

JAPAN & PANAMA CANAL,

Arr. May 30 Salls June 1 June 8 June 10 June 30 Juno-28: July 5, July 7

"PIONEER COVE"

"PIONEER MAIL

"PIONEER BAY"

"PIONEER! DALE"

#

J1

For rates, special information call

Lee declined to say whether he will resign. He wanted to talk with Mr. Sawyer before com menting.

Ethiopia's present note circula- tion totalling 40,000,000 Ethiopian Belade, May 27. dollars is backed by 36,750,000 Yugoslavlat Prolonged today it!! Ethiopian dollars worth of gold, trade agreement with Norway silver and foreign, chiefly British

securities. — Asso» until April, calllug for an Government, exchange of godels up to US$900,-elated Press. ded each way. S

Under the terms of the agree Mr. Sawyer, after issuing the statement, left for his Cincinnati ment, Yugoslavie will exchange home and will be gone from Wa-metal materials for fish oil and CHICAGO GRAINS: hington until the middle of next teciuical and industrial products.

week-United -Press,

Chicago, May 27. Grain prices worked higher to- day in the absence of any sun- fained selling pressure.. Whent closed unchanged to higher.

$2.16 14 $2.17 $2.19 04-11 $2.10 14

ptember

December March Corn was one to.: higher.

July

Oats were to otto

cent higher. July

Rye was

July

Soybeans

Tel: 23106.

higher.

were 1 44 higher. July ------Associated Press;

UNITED STATES LINES

Queen's Bldg... COMPANY

The shers list indicates the principal d'arte of loading and discharge. Ama, presently, Jerlanded, but wet thdr zet allow,, Yue Further Informa.

tiennes schedule at the Company's" Offer.

$1.48

81-81 &

$1.38

$3.14

U. S. HOLIDAY

... New York, May 27, All domestic security, and com- modity markets will be closed on Tuesday, May, 30, in observance! or Memorial Day, massociated Press

—Associated Press,

U.S. PRODUCTION

ON INCREASE

was registered in October and November of 1948.STAN

Along with the upsurge in production, the Board noted price advances since mid April In many industrial materials, farm produqta and corporation common stocks

Washington, May 27. 105 The production of American mines and factories in - May. rivals the records set in the post-war boom year of 1948. ****

The Federal Reservo

Board sald: today that... ... industrini, up- swing had hit a 13-months bigh in April and was continuing the upswing.

KOREAN MISSION IN AUSTRALIA

Sydney, May 27. Chung Soo On, leader of a pri- vate South Korean trade mission which arrived here by air today,' said he hoped that direct associa tion between the businessmen of Australia and South Korea would. benefit both countries, and im- prove Korean living standards.

Koren bought about £1,000,- 000 worth`· of ... Australian: wool every year, and wanted more. The country ́also wanted Australian whost,' barley and chemicals.--Reuter.

over

CIVIL AVIATION ORGANISATION Ford New-York, May 17, Sales of cars, television sets, Mr. T.P. Bhalla, India's Direc-

"and"; other home furnishings,

tor-General ** of “Civil Aviation, durable goods were reported

orted arrived, here today on his way to continuing strat

ing strong with cars sef-Bontreal to attend the annual ting now records.

April output was indexed by the Board at 380 per cent of (8) The heavy goods industry, assembly of the International

per cent above) the 1935 to 1930 average"...sgainst 187-ini March add 170 in April, 1919.RESEN

This month," the Dourd said, apparently: Will grachicas another two-point rise to 101m & top of

which turns out equipment" for

civil.” Avihtion Organization.

KMPW Bħalla, before --continuing

the use of makerd of consumer his journey to Caisode, plans to goods—and which traditionally. Is sep: the Infest: Improvements - la' hit (bardest poten"? busifiers" in Americas, transit fachilles at Le general: Iswaning was holding Guardia and: Idlewild", alsportar strong-Arrosiated Press Router estraadayala

will sull for

YOKOHAMA ond KOBE

on

1

Tuesday the 30th May. 1950 at 8 p.m.

Passengers are requested to board the vessel on the 30th of May, between 4 p.m. and 6 pm.

Baggage room and hold baggage will be registered in KOWLOON GODOWN No 50. (No. 2 Gale, Canton Boad, Entrance) on Dih May between 9 a.m. and Noon (at the latest),

For particulars, please apply to!- CIE DES MESSAGERIES MARITIMES QUEEN'S BUILDING

TEL: 20051 (3 Lines).

“WEEKLY CHINA MAIL”

CONTAINING ALL THE LOCAL NEWS

OF THE WEEK FROM THE

"CHINA':MAIJ

& "SUNDAY HERALD”

Price 50 Cents

ON SALE EVERY THURSDAY.