1950-06-06 — Page 12

Pago 12

THE CHINA MAIL, Tuesday,

1950.

BIONYA LESENEERO CEAN, EINES

SINGAPORE, JAVA

PORTS and

MACASSAR

"TJITJALENGKA"

"TJIBODAS"*

"TASMAN"

"VAN HEUTSZ

"TJITJALENGKA"

ARRIVALS SAILINGU

9th June

6th June

25th Juns

25th June

9th July

*not calling Singapore

only to Singapore, Penang & Bel. Deli

• MANILA, EAST & SOUTH AFRICA & SOUTH AMERICA

"TJISADANE" *

11th June

30th June

.fat July

13th July

FINANCE. AND COMMERCE.

Hong Kong Stock Exchange

A small turnover at rates which were well maintained. There was

SLIGHT DROP IN U.S. BUSINESS ACTIVITY

New York, June 4.

The U.S. Memorial Day holiday last Tupsday caus

od a slight drop in overall business activity Metal price

the past wook."

considerable Inquiry for Shang- The strongest segments of the economy →→ steel,

hai countern at higher prices than prevailed last week.

ILK, GOVT, LOANS

digi Jaan (1994 & 1940) DAIL 45% Loan (19an; Dib.

BANKS

H... Bank 12th,

14th Juna

"DERLAGE"

20th June

4: Loon DK,

."TEGELBERO"

In Port

6th July

"TJIKAMPEK"

2nd July

"

"RUYS"

2nd July

6th Aug.

not calling Manila

JAPAN

"TJIGADANE"

11th June

"TJIGODAS”

11th June

"TEGELBERG"

4th July

18th June

"STRAAT SOENDA"

In Port

19th June

"RUYS"

3rd Aug.

8th July

Agents: HOLLAND—EAST ASIA LINE

EUROPE via MANILA

and MALAYA

ARRIVALS SAILINGS

"RYNKERK”

"LANGLEESCOT"

14th June

"MARIEKERK"

early July

14th June 16th July oorly Aug.

Through BR/L fouled 10

Mediterrancan and Northern

European porta,

JAPAN

"RYNKERK"

"LANGLEESCOT"

"MARIEKERK"

13th June

14th July Early Aug.

18th June

early July

BARKINGS BUILDING, TELEPHONES; -38017, 70" 289173/

CHINESE ABLATSE ÉLICONNAUGHT -uvan valamibijana, 201301)

TOIED

ISTHMIAN LINE

(Jthmlan Steamship Company, New York)

DIRECT MONTHLY SAILINGS TO NEW YORK

VIA LOS ANGELES AND PANAMA "STEEL SURVEYOR" "AKTION"

22nd June 24th July

Tanks available for Bulk Oil.

SAILINGS TO SAIGON, BANGKOK &

DJAKARTA (BATAVIA)

"STEEL SEAFARER"

"STEEL ROVER“

"STEEL ADMIRAL"

ARRIVALS FROM U.S.A.

Sails N. Y.

STEEL SEAFARER" "STEEL ROVER" “STEEL ADMIRAL”

(m, item) £75.

Curlered Bank 43 1/

Mercantile Bank A. & 3, 222550. Bank of East Asin 100h, Jols.

INSURANCES Canton as, "Rabu. Unlou Ins. 848b, 540am. China Underwriters sa. H.K. Firé Dia, 1000.

SNIFFING

Douglanes 2005.

1.K. & M. Bloumbonté lls. Inalo Chinns (Pat) *x.5lv. 63m,

(Def) EL.D/Y, 176. Shetta (Bearer) 48/11%2.

Belon Waterinata In, Asin Nav. 8714b.

.

DOCKS, WHARVES, GODOWNB, Kle. IK, IC, Wharves 80s.

North Palot Wharves 6.50n. Shanghai Honakow Wharvon 10n. H.K. Dorks 14.

Cldon Providenta 9.20n. Bhanghal Dockyards 1998, Wheelocke 216, 221, 21am.

MINING

Rah Mitres 4.7än. 1.K. Mines 0) (62.

I

LANDS, BOTELS & BLOGS. I & B. Hottle Bod H.K, Lunds 17. Shanghai Lands 1.10). 1.10sa. Humphreys An

ILK. Renities 2n.

Chinese Estates 12in.

· PUBLIC UTILITIES 1.K. Tramwaya 10,76b, 19.401. Peak Trams (Old) lk.

New] ar

Star Ferries Abb. 11%.

C. Nights (Old) Hublv. 9,308, 025k.

(New) Ex.Div, 0,405) 1.K. Entries 204, 20%, Marno Electrics 1134a. (New) 10%. (Bonus share) 10lán. Kantakom Light KA.

Telephones 11.4GB. Shatigħal Gra 150

INDUSTRI 19 Cald, Mac, (Ord.) in.

Cemente in.

24th Junc

Canton Tera 3150-

16th July

1.K. Ruper 12m.

.10th Aug.

Salla S.F. Duo ILR. Salled Salled 24th June 6th June 24th June 15th July 7th July 25th July 15th Aug.

GILMAN & CO., LTD.

Tel. 31140

Chinoso Freight Agents:~HIN FAT & CO., LTD. Tel: 28823, 35553 & 28483.

28823

ISTHMIAN LINE

(Isthmian Steamship Company, New York)

S.S. “STEEL SURVEYOR"

LOADING 21st JUNE

SAILING 22nd JUNE

FOR

LOS ANGELES & NEW YORK vía PANAMA CANAL Passenger Accommodation Avallable. TANKS AVAILABLE FOR BULK... · OIL

GILMAN & CO., LTD.

Tel. 31146.

Chinese Freight Agents:-IN FAT & CO., LTD.

Teis: 28823, 25553 & 23483.

SWEDISH EAST ASIA CO.LTD.

ARRIVALS FROM EUROPE

m.v. "HAI HING" #.V.SUMATRA". m.v. "MINDORO”

In Port End June. End July

SAILINGS TO EUROPE

MLV. "BALI" m.v. "SUMATEA”

15th June. 15th July

FOR

ADEN, PORT SAID," GENOA, MARSEILLES, ANTWERP, BOTTERDAM, BREMEN, HAMBURG, COPENÍLAGEN, OSLO & GOTHENBURG

-¡ Doepfanks avaliable for Buikoll

GILMAN & CO., LTD.

STORKS, EU.

Dairy Farms X.D., D.R. 19516, 121⁄4μ

Hia, in. Watsons 21, 11/2

1. Crawfenia 27m. Sinceres 24.

Chinese Emporium 9n. Bun Co., Ltd. 1.700. Kwong San Hang

Wig De H.K.) Bom. Wm. Powell, Lut, alam.

·

MISCELLANEOUS Flina Ee tainmente 14. 1.K, Co Jeilans Old 1806..

News 1.30.

Vibro 111. Marsman Investments /-0. Marsman (HK) (18. Shanghal oan it Yangistes n.

COTTONS

Ewo 2.35/.10, .

106.

RUBBER, t, COMPANIES Alma Estates 11. Augh-Dutch 10m. Anglo-Jayas „Job. Batu Anam,47393. Bete anlations diu Chemur United Chang Rubbers 115k, Consolidated Rubbers 1.300. Dominion Rubbers 15m. Java-Consolidateds Büb. Kota Bahre 1n. Kroework Javas in. Iangkats 06.

Repab Rubbers 10h. Rubber Trusta th. Humagaga-Rubbers Tha Bemambo Hobbers 205, Iss. Khanghai Kedahs in. Shanghai-Malayt 108, Khanghai Pahang 001. Shankhal Somatras în. Sun Mangulo „Tone" `Bungel Burla 18m.

Tanah Merahe «ï1⁄4 Tebong Rubbers 37%6. Ilanabe Rübbers (48%.

autos and building were barely touched by the holiday schedule, however, and benefits flowing from the surge of travel and re- creational activities helped to make up for lower volume in retail stores and other lines of business which closed for the day.

It was another week of snooth relations in the labour field ex- cept for one or two Isplater cases. The stock market follow- મા 4 alendy If unspectacula course. National employment edged upward in response 1: agricultural and vacation industry demands and there were fewe: price increases in consumer and durable goods thau in any recent | week.

Turk ship

arrives in

New York

New York, June 4. The full in Indationery pres-- The first Turkish all passen-

sure, while not very pronounced,

was enough to bring the sugges-ger vessel sailing under the Won in some quarters that this Turkish flag to arrive in this particularly disturbing aspect country in 27 years docked in the national economy mny be New York." undergoing a corrective process,"

True, there were price hike: tact week in familiar placos- noh ferrous metals, come chomicale, rubber, certain type of lumber and some kinds of food, The stuel source mark* showed extraordinary vigour in

lating trend, demand tinued extremely heavy some of these, Indicating a high rate of Usaga.

con.

for

While a further bulge is poss) – ble in some or all of the commad!- tles in heavy demand and rearce supply, the overall price pattern indicated some

cross currents were beginning to develop.

Captain Sal Ozege, Master of the ship, and the ship and scrond one to leave Istanbul on September 0 are intended to de- termino whether the Turkish government should establish a regular passenger service on the trans-Atlantic run.

advance continues

New York, June 4. The long upward price move- metáls ment in non-ferrous was extended last week by in- ercases in zinc (and nickel.

But there was little change in copper and zine supply pinches which haya dominated the market for "weeks. Buyers, de- mands were far from satisfied.

The zinc market was some- what confused as the week chd- od, when a major supplier iste Friday advanced his selling price one and one half cents to 14-1⁄2 cents a pound, East St. Louls.

Although mony trade nuthori- ties felt such an increase avas fully justified by the Ught supply

Bald

situation in the face of urgent demand, most other sellers they would leave their quotation unchanged over the week-end and decido on Monday whether to follow to higher levels.

Zinc already had advanced earlier this week-by a half cent the 13 a prind on Monday to

boost cent level. This ninth As the Torus came up the hur-sinte March 14 brought the me

In that bour with her bunting displayed tain total price gain prominently, she was greeted by period 10 3-4 cents, not counting Whistles of other boats.

the Friday development.

་

The ship, with a 0,355 gross

Zine consumers were having tonnage and a cruising speed of little luck in their search 16 knots, left Istanbul on May 10 substantial tonnages of the me and the Captain sald that except tal for delivery this month and for two days, when the en-next. The situation was further countored Westerly gales, the complicated by government Sears Roebuck and Company, i trossing was good. She arrived on quity for third quarter motal for This demand. the stockpile. for instance, sent out its mid- schedule in 17 days.

coming after commitments for summer catalogue with thousands

The Captain said the vessel is good sized

the shipments to of items marked down an aver- the largest in the Turkish govern strategle reserves is the current age of seven per cent from those inent service. He is 64 years old quarter and on top of exception- prevalling in the spring order and has spent 38 years at sea, ally heavy industrial buying, has book.

Biggest cuts

•

The Global Elec

TO HONOLULU & SAN FRANCISCO via JAPAN

"General GordonTM · · · · - · · · · · Arr. Juno 19 "President Wilson”

......Arr. June 19 President Cleveland" ...Arr. July 14

Salls Juno Balls June 20 Salts July 15

TO SAN FRANCISCO & LOS ANGELES. vio JAPAN

"President Harrison"

"President McKinley".

....... Arr. June 10 Arr. June 13

Salls June 11

. Sails Juno 14

TO NEW YORK, BALTIMORE & BOSTON - vio PACIFIC COAST & PANAMA

"President Tyler" "Willamette Victory"

Arr. June 10

Salla Juno 13

Arr. July 15

Sails July 10

ROUND THE WORLD

VIA MANILA, SINGAPORE, Colombo. CocmŃ, BOMBAY, KARACHI, SUEZ, PÓRT SAID, ALEXANDRIA, NAPLES, MARSEILLES, GENOA, NEW YORK and BOSTON "President Grant” President Polk"

In Port .......... Art, June 21

TO JAVA & STRAITS

...................... Arr. June 14

"Willamette Victory"

St. George's Bldg.

Sails June 6, Sails June 22

Sails June 15

4 Tel. 28172/5,

BEN LINE

To ach

FROM TEX

ARRIVALS

DUR

10th June

on or abt. 11th Juna

CHIP "BENARTY"

FROM

.U.K. via Bingapore.

"BENVORLICH"

"BENMACDHUI

for

f

21st June

"DENLOMOND"

26th June..

10

BENALDER"

2nd July

"BENAVON"

16th July

T

"BENVENUE"

in-

74

29th July

"BENDORAN" "DENLAWERO"

9th Aug.

D

H

14th Aug.

SAILINGS

Loading on or abt.

London, · Antwerp, Rotterdam, Hamburg

Liverpool, Dublin, Havro, Hamburg, A

Huif,

20th July 17th Aug.

A

30th June

13th Juno

14th June

5th July

31st July

having been master, of the Pre- added to the market squeeze in sidential

yacht Savarona and zinc. several passenger ships in Medi- terranean service.

the ship was Bedi

The government's zinę pro- gramme for the new fiscal year will be discussed on June 18 to

Biggest reductions were in sea-eling Vice Consul in New Washington at a conference of

York for the

new

were cuts of 25 per cent in ice who said that Turkey had passed cream freezers, 16 per cent in

regulations making it easy garden hoses and 12 per cent slash for former citizens to obtain visas to return to that, country for In refrigerators, Homewares were visits.

cent.

mittee and the Munitions Board. Nickel advanced

Nickel

lowered by an average of 11 per Sureyya Ergun, manager of the Electrolytie nickal was advan- Travel Association of Turkey, was ced eight cents. pound to 48 Big discounts and unusually

a passenger. He said he was here cents on Wednesday by the In- Company. easy intalliment terms have fen- to promote travel from the United ternational tured seme recent clearance sales, State to Turkey. He said his The price is at Port Colborne. and includes the of other household goods, includ country was promoting a pro- Ontario,

The Now ing television sets and radios gramme for construction of US Import duty.

several botels in larger cifles. York equivalent is "50.87" cents." Associated Pros

The advance was the first for nickel since July 1948 when the quotation was boosted, sic and oncfourth cents. The company's announcement said the new price is about 40 per cent above the average for all markets' in' pre- war years, but, qompares with rises of 88 to 125 per cent for other basd metals.

There was enough evidence to encourage the thought that heavy consumer demand for numerous types of "hard goods" may have witnessed the peak, at least for the summer month

If the turns out to be the case, it will not take long for produe ion at current rates to restore Inventories to a point where fur- ther price increases will be dis- couraged by normal compețilive conditions.

11

.

Sense of direction

BY THE BISHOP OF SOUTHWELL

"How wearsome (wrole Cosmo Steel mills came close to pro- Gordon Lang) is the constant viding the country with another | and="potulant try for strong record output this week. Operat- | leidership!" ing at 191.5 per cent of

capacity.

which

The company, which supplies about 75 per cent of the world's nickel, sald the rise was' neces- sary to compensate for "the round after round of heavy` in- areasts" since before the war in the rates we pay. for labour and for supplies and services...

Much of the nickel consumed by Industry gone into stainless and over alloys where to corrosion of to extreme, in special properties like resistänet

temperature the desired.

One can have sympathy with o the industry turned oui 1,994,000 harassed Primate who knew that lons of finished products. This when people clamour for "a was an insignificant drop from lead what they commonly mean last week's record high of 1,040,- is some pronouncement 600 tons achieved on an opernung will confirm them in their own rate of 101.8 per cent capacity,

this is cry which will It was the saventh straight not be silenced And the more Copper continued scarce lan week in which the mills worked confused" and complex · life ” be-- above theoretical capacity and comes, the greater grows the Week Orders for May shipments from all evidence available at need for such leadership es will than 102,000 tons, villa a carry- were expected to aggrogate more the end of the week, another re-reveal the permanent realities over of around 5,500 tons from cord aberation can be expected and thus restore a true sense of the previous imonil June orders next week.

äirection,

- This is now i imparatively 19- Cor production was a little un-quired; in the present political US dollars opened yesterday der the preceding week due to a situation the nation is teft drift. at HK$0.04%1⁄2 #në “cloadd at two-day holiday observed by ink and uncertain before immin- 10.0334. Highest arid lowest rates General Motors and some other cat and mounting dangers. were $1.04% and $6.03.

makers but assemblies of earn TT opened at HK$0.02 and were well ahead of last year's closed at 34.0644.

total.

Money Market

Sterling opened at HK$15.3€. and closed at $15.3)

Australian pounds opened at

HK$1225 ́and closed at $12.20.

Plastres remained nominal at HK$12 a 100.

Ticals" "Vero “unchanged at HICS17 a 100,

NEI Guilders opened at HKS- 2,20 a 100, and closed, at $2,30

15tal 72,000 tons and July book-

ings were reported up to 19,640. Trade suspenso over the cop- per import tax question Was un- relieved by any müför. develop. ments, President Harry oh Thursday 'suld be hopes:

Will extend the waiver duty beyond Jubo 30

Th bud i la due to expire abureau" and "the Departments

Interior, Treasury

If we cannot have unity in The stock market ploded an political action, then it pust be wound up about where it started the Ideological divisions

course and sought of a deeper level, "benfalls

unusually narrow

tributo and again on Saturday,

It

in

in the averages. It was a short moral and iritual reaisonment Commerce all have, geil the of the aims and ends of the come two cents a pound tarig be mis- week with activity suspended on bios ille itsel Tuekday for the Memorial Day For top mugh attention is being makers from inining Bates wi

Dended two more Yeats. Law- the start of the summer schedule crocentrated on the pelty chaght any attempt to extend the

of -Associated Press.

controversy party

the to ask the fundamental quas. Walver," tions.

*Lead buying last week was re- What are we living for and ported adequate to absorb the living by? And these are ultimam anily production of custbin smol- tely religious questions. Tu90 tere and pródi -Associated

U.S. ORIENT MERCHANT LINE.

ARRIVALS

RASHILJUNG,

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

[can be ng way out of Oury, present troubles so long, as men have no other bearings than their own funeslye wille and afforklose. Chi The way bê truth and par

in-by, obedidaca i thong Pin which, is not of men's datain by learning to Miina khoja, sklei Wich del comtlande

- desire" that- which 16

predter things sleeping in Ita-anal thin any political angRRLS: FLAWED The mings iLCDOSIVES do not taphom and idealuri

"BENMAODHUI" "BENAVON” "BENLAWERS"

"BENLOMOND"

"BENARTY"

"BENVORLICH"

*BENALDER"

"DENVENUE"

Gionion, Le Havre, Lon- don ♣ Hamburg. Liverpool, Glasgow, Dublin, Antwerp' Rotterdam,

28th June

† Accepts Cargo for Japan, * Accepts Cargo for Havra,

Via Malaya, Colombo, Port Sudan, Aden, and Buez Canal.

For Further Particıslars, Apply To-

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

Agents

Fork Building.

Telephone: 34165.

THE EAST ASIATIC CO., LTD.

M.S. "KOREA'

21st June

for

ADEN, PORT SAID, HAIFA, ALEXANDRIA, GENOĄ,

ANTWERP, ROTTERDAM, HAMBURG, OSLO, GOTHENBURG, & COPENHAGEN Tenks avaliable for the carriage of oll in bulk THE GAST ASIATIC CO., LTD.

Queen's Ble 2nd floor.

Tel. 34111 & 34112 -

SWEDISH EAST ASIA CO.,LTD

m.v. "BALITM

LOADING 14th JUNE SAILING 15th JUNE

ADEN, PORT SAID, GENOA,

TANGI