1950-06-13 — Page 12

· THE CHINA MAIL, TUESDAY, JUNE 19,- 1950.

PROYAL INTERO CEA NÁSAHNES

➜ SINGAPORE, JAVA

PORTS and

MACASSAR

"TJIBODAS"*

"TASMAN"

"VAN HEUTSZ * *

"TJITJALENGKA"

*not cailing Bingapore

ARRIVALS SAILINGS

12th June

23nd June

26th June

9th July

**only to Singapora, Penang & Bel. Dell

• MANILA, EAST &

SOUTH AFRICA & SOUTH AMERICA

"TJISADANE" •

"BERLAGE" **

"TEGELBERG"

"TJIKAMPEK"

"RUYA"

In Port

2nd July

2nd July

30th June

ict July

13th July

15th Juno

26th June

6th July

6th Aug..

"not calling Manila and ending on 14th June only

not calling South America

JAPAN

"TJISADANE"

"TJIBODAS"

"STRAAT SOENDA'

"TEGELBERG"

"RUYS"

12th June

In Port 4th July 3rd Aug.

14th June 15th June 18th Jung

15th July.

Agents: HOLLAND-EAST ASIA LINE

a EUROPE viɑ MANILA

and MALAYA

"RYNKERK"

"LANGLEESCOT"

15th June

early July

ARRIVALS SAILINGS

1616 June 15th July early Aug.

Through Bs/L Issued fo

Mediterranean and Northern

"MARIEKERK"

European porte.

JAPAN

"AYNKERK"

"LANGLEESCOT"

"MARIEKERK"

14th June

14th July early Aug.

18th June

Early July

PES KING'S BUILDING, TELEPHONES; 20015 RT012061743 CHINESE AGENTAQIL CONNAUGHT ROAN, GATELS, BİJOKAMAS

ISTHMIAN LINE

(Isthmian Steamship Company New York)

Fores DIRECT MONTHLY SAILINGS TO NEW YORK.

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

SAILINGS TO SAIGON, BANGKOK &

26th Juno 24th July

Tanks available for Bulk Oil.

DJAKARTA (BATAVIA)

STEEL SEAFARER"

"STEEL ROVER"

"STEEL ADMIRAL"

ARRIVALS FROM U.S.A.

*STEEL SEAFARER" "STEEL ROVER"

STEEL ADMIRAL”

24th June 23rd July 20th Ang.

Sails N. Y. Salls S.F. Duo II.K. Sailed Sailed 24th June 17th June 8th July 22nd July 11th July 29th July 19th Aug.

GILMAN & CO., LTD.

Tel: 31140

Chinese Freight Agents:- HIN FAT & CO., LTD. Tels: 28823, 25553 & 23483.

THE MILLS.

ISTHMIAN LINE

(Isthmian Steamship Company, New York)

S.S. "STEEL SURVEYOR"

LOADING 25th JUNE SAILING 26th JUNE

FOR

LOS ANGELES & NEW YORK Via PANAMA CANAL Passenger Accommodation Available. TANKS AVAILABLE FOR 'BULK OIL

GILMAN & CO., LTD.

Tel. 31148,

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

Tela: 28823, 25553 & 23483.

SWEDISH EAST ASIA CO.LTD.

ARRIVALS FROM EUROPE

Hiv. "SUMATE X” m.v. "MINDORO"

End Juno End July

SAILINGS TO EUROPE

m.y. "DALI” m.v.

"SUMATRA”

In Port 15th July

FOR

ADEN, PORT SAID, GENOA, MARSEILLES, ANTWERP, BOTTERDAM, BREȚIEN, HAMBURG, COPENHAGEN, OSLO

& GOTHENBURGADA,

Deeptanks available for Bulkoil

GILMAN & CO., LTD,

FINANCE AND

COMMERCE :

AMERICAN BUSINESS ACTIVITY KEEPS UP

THE BULL MARKET A YEAR OLD

New York, June 11.

A $25,000,000,000 baby will celebrate his first birthday

this coming week.

[

New York, June 11.

|Busindes 'and industrial activity was fully sustained at exceptionally high levels the post wook. A record output of cars and a strong stock market ware double featured attractions. Aided by good shopping weather over most of the country, retail trade was better in terms of general merchandise turnover and demand was, especially heavy for holiday items.

A highly encouraging factori in this important industry was heavy attendance, at various

showings held in New York and other large cities,

מן

On Wednesday, the bull stack

This was in sharp contrast to market will be just one year old.

at this the situation prevaliing Since the twenties, few have time last year when the so-called managed to survive as long.

"inventory

recession" Was Bused on figures issued by the

full

and New York Stock Exchange, the and merchants

alike were concen- rutinit du getting stocks down instead of building them up.

market value of all stocks Hated on the Exchange has increased by about 25 billion or roughly from 62 billion to 67 biflot dollars since June 14, 1949.

em-

The current high role of ployment and income and almost The public hus watched with complete lack of signs that either any serious growing interest as stocks of the are in danger of nation's industrial giants climbed full in the second half of the year, better I sometimes slowly, sometimes with gives merchants a much-

bursts of speed, to prices background for future operations higher than 1949,

боро

the peaks then they had year ago,

of 1940-some even topping the dizzy heights of another well known bull market in 1929,

While publle interest in the

of A highly satisfactory raic

production, generally industrial

the labour placid conditions feld,

n strong flow of extra and

na has stepped up sharply, increased dividends for investor the small trader with a few in stocks and excellent demand

amount

hundred or a thousand dollars for the largest

of new

has been extraordinarily wary of securities offered in any week this buying stocks of productive en-year, were other features of the

business situation. terprises

Despite the safeguards built The price wheel was given n around the market since 1929-32. new whirl by a rise of two cents there Jus been nothing even pound in copper and a series of resembling the misguldirdi new rises in steel scrap and 'sorne ble to buy stocks that help-Anished steel products such on to touch off the depression ́of | sheets and strip. The thirties.

The market was born in an unustinlly unhappy environment.

In mid-May last year, prices took

T

Wall Street,

#

The Associated Press index

13

Business boom hits America

Washington, June 11. Government economista croceed their fingers as the nation enjoyed one of its big- geat

peace time business boome. Production, Income wore up. and employment The

guess was they And etlil bighor hardly anybody know exactly why:

bert would go

The Commerda Department

reported that personal income

from ide

insurance and Dividende rose to the annual rate of $212,800,000,000 In $3,000,000,000 April, nearly higher than the annual rate last year.

The Labour. Department also added a roky 'note. It said that 800,000 fewer work- ere were drawing unemploy ment insurance last month than In May, 1949.

It was belleved that the Improvement was due to more Jobs In the construction industry, agricut-

roberta, ture and summer United Pros.

faeliitles to pay for them. This usually Indicated

Investment speculative

off rather than purely

activity and Considered a highly stabilising element,

For the first time in the stir-

ring history of 'the dynamic car industry, more than 200,- 000 gate and trucks were turn. ed out in this country and "Canada""last week. The exact total of 200,660 units compared of with the previous high around 188,000 in the Factor part of May. stock

a frightening drop and landed an important wholesale com- with a thud on June 13 at the modities rose to new highs for the Fowest level in four and a half year four days in a row and stood years.

The nation's business had been at the highest point since January sickly for months. A little later 29, 1949 at the close of business

on Friday. in the year, It became apparent

The thoroughly unheralded that infld recession-fnstead of

Cor- action of General Motors the severe post-war depression poration directors in recommend

widely feared-hat so long and fcked austry and commerce, ing a new spilt-up of the com

At that time, though, the bust-and sustained rally in the

mon stock sparked n vigorous ness outlook was none too 'good.market that carried prices to the but,

Juno 14, the market

highest

four average level in edged ahead and has been ad-

years and some individual Issues vaneing ever since.

alnce iMe The start of the advance anti to the best position

Po 1929. cipated by a short period the be- fabulous days of Zoning of a frise in industrial | Blue chip stocks in particulas Peared to be spread all around! production which has carried caught the fancy of buyers.. The the industry rather evenly. Chry

General Motors through with

did not sler, Ford and the same

power fact that brokers' loans displayed by the market.

expand with heavy purchases of working some of their divi- were song on Saturday in an effort to The marlody's recognition of stocks indicated customers prolonged post-war

of margin meet the great spring demand for prosperity using cash instead was a long time coming. Probabl. |

Some of the Intependents ilke never before had the market, se

Nash and Hudson bave added

Now records

Last week's work was all the more impressive because it ap-

new cars.

dam-second assembly lines. Nearly all of them reported now sales re- cords of one kind or another either for this year, lust ̈month, certain week or a certain other

consistently Ignored the fact economie gauge was badly that more people were at work ged by this failure. ir peace than ever before, were The persistency of the current earning-more-money-than-over re-in-stock-prices-has-been on before, and that corporation pro- of the most notable features of Its had never been so large. the bull market. Associated

The market's Justre 19 an Press.

д

period.

lincs

02.

Last week's production was the equivalent of 20 cars and trucks rolling off the combined assembly every minute of every one the ste doy in the week.

nation's "strel mlils con- bperations above theoretical capacity for the eighth straight week-Associated Press.

OCEAN AGENCIES, LTD. with

FAR EAST SERVICE

FROM U.S.A. PORTS S.S. "OTHON”

Due on or about 18th June Consignees are requested to arrange for over-side delivery, otherwise lighterage and landing charges are for their account:

Agenta:

NOTICE TO CONSIGNEES

'Capsignées per BARDER-WILHELMSEN DINE

ms. "TUDOR"

H.K. Stock Exchange

The market opened frm and closed at the day's best level with

all round buyers.

IX, COVT. LOANS

ast Lonn gab.

C

81907 Lemn (1034_D 1040) Søb.

31 Loan (1949) val

BANKS

(Lam. Red) £180. Chartered Bank £7′0/165.

AMERICAN PRESIDENT LINES

The Global Fleet,

TO HONOLULU & SAN FRANCISCO

via JAPAN

"General Gordon"

President Wilson"

"President Cleveland"

„Arr. June 19. Arr. June 19 Arc', July 14,

Salls June 20 Salls Jund. 20

Sails July 1

TO SAN FRANCISCO & LOS ANGELES via JAPAN

"President Harrison"

In Port

Salls Juno 13 Salts June 1

JL.K. & H. Hank 1270b, 12906. 180/70.realdent McKinley" ---- Arc, Juno 13

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

Willamette Victory" .......... Art. July 15 "Dartmouth Victory"

Arr. July 29 ROUND THE WORLD

MercentBy Hak A. & 4, 22254». Bank of East Asia, 1018.

INBURANCES Canton Ina, 170%. Unlun Ina, £65b, 600/70am. Chlum Unsterwriters 3. ILK, Fire Ins, 2004.

HHIPTING

Droplexes Polan

I.K. & M, Bteambonis 11n.

•Indo Chinn (Prof.) Ex.Div. #316m.

let. Ex.Div. 178n,

Shell (Bearer) GH

Union Waterlanta Iku. Avin Nav, 196, 7.

DOCKS, WHARVES, GODOWN9, Ele.

1.K, K. Wharver 85%.

North Post Wharves 5.din. Bhanghai Jingkew Wharvas In. I.K. Docka 14, 143⁄4».

China Tyoldrats 9,50g, Sangal Dockyardı 335, 3.30km. Whookck. 21. 20.

MINING

Raub Mines 4,7035: H.K. MID Jln.

LANDS, HOTELS & BLUCA, 11., Hotel N.19

1.K. Lond. 18h,

Shanghal,

amule 1 b. Humphreys Na.

HK. Really Dr.

Chiturk Estate Zin.

PUBLIC UTILITIÈS

ILK. Travis 11.99, 1159, 11/11/2010,

Pork Trame 4031) 2016.

(New) G. Star Ferris W3⁄4», Gana. et. Sikhits 1900) 9.6.

(Aw; 6.7.

r+

II.K, Eletrice 2134, 22, Macus Electrics 11n.

+

(Now; 10%.

(3) shares) 10. Sandakan 2.

Telephones 123, 12,606, 12/12mo. Shanghai Un 1990.

INDUSTRIALS

Cald. Mack. r. 21. Canton Ices 3}%n« * Cements 10.700, 10%#6. H.K, Rop 130.

STORES, 'Ele

·Dairy Farms 1 1

(in.) A. "Waterzin 245, 23%/244»m, "L, Crawford 22za, Blurense 214H.

China Emporium Ph. Sun Co., k), 1.700. Kwang Bang Hunk 300. Wing O K. 4. Wm. Powell, Ltd. in.

MISCELLANEOUS

Chian Entestatuerenka 740. I.K. Contactfonu (028) 2.40n.

(New) Laon,

Virá Pegs $10

Marsman 'bisesiménta 9/-n. Marsman (I.K.) .754. Shanglia! Lost In Yangtaxes 3-

COTTONS

Ewon 4.40, 3.20.

KUNDEN, ate, COMPANIES

Atmos Estates 1344 Knuto-Ditch 30x

Anglo-Jayan 250,

Batu Anam 124.

Bute Plantations (691), „$500, Chemor Unit 4. Chene Buhlers 126. Consolidated Stubben 1.00% 1906, Domfulun Robbers 1,30n. „Java-Consolidatedla. „95b..

Kote Wahroo 706......... Kroc work. Javza. Mais, Lanakute Int. -Undang Rajdera 10b.

Repah Hubdera 1,124h, Rubber Trusta 2.15b. Semngnga Rabben „731, - „75xa. Semambu Rubbers 3239b, .30. Shanghal Kedala. (b, 41⁄4ka. Shanghai-Malays 30.

Shanghai Pebang 121⁄4b, Shanghai Sumatra 1. Bus Menggi

10

Bungel Burla IGÞ.

Tanib, Meraha 20%, 80an.

་་

Tebong Rubbers 1815. 12. Zlangbé Nobbery 104.

NOTICE TO CONSIGNEES CONSIGNEES PER

· STATES, STEAMSHIP

COMPANY

THE HONG KONG EASTERN SHIPPING CO., LTD.sk and subject to the Wharf's where it will be at consignees

Room 76, French Bank Bldg., 5th 'Flosi

Telephones: 28061 (General Office)

HOLLAND-EAST ASIA LINE

M.S. RIJNKERK "

LOADING 13th JUNE

FOR

MANILA, SINGAPORE, COLOMBO, ADEN, SUEZ, PORT, SAID, KLEXANDRIA, GENOA, MARSEILLES, ANTWERP, BOTTERDAM, AMSTERDAM, HAMBURG. COPENHAGEN, ĠOTHENBURG-and OSLO

| Airenta:

RØYAL INTEROCEAN LINES

"Ting's Buliding, Connaught | Hload

618, 20019. $8017,

are hereby notified that their 8.6. "CHARLES E. DANT" cargo is being discharged into are hereby notified that their the Hong Kong & Kowloon cargo is being discharged into Wharf & Godown Co's godown the Hong Kong & Kowloon where it will be at consignqes Wharf & Godown Co's 'godown

terms and conditions of storage, risk and subject to the Wharf's and where dellvery may be terms and conditions of storage, obtained.

and where delivery may be obtained. Damaged packages are to be left in the godowns for ex- Damaged packages are to be amination by Consignees and left in the godowns for x- the Company's surveyors,amination by Conslignees and Mesars, Goddard & Douglas the Company's surveyors, at 10 am, on June 17, 1950. Messrs. Carmichael & Clarks at 10 am, on June 15, 1980. To comply with the General "Bonded Warehouse Regulations, consignees must have a Be venio omber** in attendance When lambged dutiable goods l'uro 'examited.

To comply. with the General Bonded Warehouse Regula tlors, consignees must have s Revenue Officer in attendance when damaged dútiable goods are examined.

No claims will be admitted

No claims will be admitted after the goods have left the stenmer's godowns, and all after the goods have left the goods remaining undelivered steamer's godowns, and all after June 18, 1050 will be goods remaining undelivered subject to rent.

after June 10, 1930 will be subject to rent,

All

steamor munt

the Underal

the

esented to

All daims against dr. before steamer must be presented to the "Undersigned on or before June 23, 1850 or they wil not be recognised.

will be

DODWELL & CO., LTD).

affected.

DODWELT

LTD

11, 1900,

Sails July 1 Sally July 3

VIA MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAY, KARACHI, SUEZ, PÒRT SAID, ALEXANDRIA NAPLES, MARSEILLES, GENOA, NEW YORK and BOSTO:

Arr. June 20-Sails June 2 Arr. July 3 Sails July TO JAVA & STRAITS

"President Polk" "Marine Snapper"

"Willamette Victory"........ Arr. June 16

St. George's Bldg.

Sails June, 1 Tel. 28172/

BEN LINE

BHIP BENVORLICH"

BENARTY" "BENMACDHU!" "BENLOMOND" "DENALDER"

"BENAVON" "BENVENUE" "BENDORAN" "BENLAWERS"

"BENMACDHUI” "BENAVON" "BENLAWERS"

"BENLOMOND"

"BENARTY"

"BENVORLICH"

*BENALDER"

"BENVENUE"

DUE

ARRIVALS

FROM (U.K. via Bingapore,

In Port

in Pert

on or abt.

17th Ju

"F

26th Ju

2nd Ju

16th Ju

29th Ju

14th, Aug

SAILINGS

London, Antwerp, Rotterdem, Hamburg & Hull. Liverpool, Dublin, Havre, Hamburg,

Hull.

Genoa, Le Havre, Lon- don & Hamburg. 'Liverpool,

Qfasgow,

·Dublin. Antworp A Rotterdam.

9th Aug

4

Loading on or at

28th Jun

20th July

17th Aug

30th Jun

审

10th Ju

}

15th Ju

5th Jul

31st July

+ Accepts Cargo fór, Japan; . • Accopla Cargo for Havro, i

#Omits Dublin, ・・・

Via Malaya, Colombo, Port Sudan, -Aden, and Suez Canal.

For Further Particulars, Apply To- ¦ ̈ W. R. LOXLEY & CO. (CHINA) LTD.

Agents

Terk Building.

Telephone:,34105.

THE EAST ASIATIC CO., LTD.

M.S. "KOREA"

21st Juno

for

DEFORT SAID, HAIFA, 'ALEXANDRIA, GENOA,

ANTWERP, ROTTERDAM, HAMBURG, OSLO, GOTHENBURG, & COPENHAGEN Taks oubliable for the carriage of oil in bulk

THE EAST ASIATIC CO., LTD.

"Queon'a Bldg., "Zad 'Door.

{..

Tel. 24111 & 34112

SWEDISH EAST ASIA CO.LTD.

m.v.BALI"

IN PORT

For

PORT SAI. GENOA,

AVAILABLE FOR BULK QIL-

GILMAN & CO., LTD.

HAMBURG, COPEN