1950-06-16 — Page 12

THE CHINA MAR, FRIDAY, JUNE 16, 1980.

FROMATECHIEN TER OCHLANELINERSTV

SINGAPORE, JAVA

PORTS and

MACASSAR

"TASMAN"

"VAN HEUTAZ→

"TJITJALENGKA"

23rd Jund

30th June

20th June

8th July

*only to Singapore, Penang & Bel. Deli

MANILA, EAST & SOUTH AFRICA & SOUTH AMERICA

"BERLAGE" * *TEGELBEAG"

"TJIKAMPEK"

"RUYS"

jat July 13th July

ARRIVALS SAILINGS

* 27th June

In Port

0th July

2nd July

2nd July

6th- Aug.

not calling Manila and Bouth America

JAPAN

"TEGELBERG"

"RUYS"

4th July

3rd Aug.

19th June

15th July

Agents: HOLLAND-EAST ASIA LINE

EUROPE via MANILA

and MALAYA

"RYNKERK"

"LANGLEESCOT"

"MARIEKERK"

Through Bx/L

ta leguad

Mediterranean and Northern

European porta.

"LANGLEESCOT"

"MARIEKERK"

JAPAN

་་

ARRIVALS SAILINGS

16th June

In Port

15th July

early July

early Aug.

14th July

19th June

early Aug.

early July

È ERKING'STBUİLDİNGSTELERUONESTERMUSATO F200175

ISTHMIAN LINE

(I-thmian Steamship Company New York)

DIRECT MONTHLY SAILINGS TO NEW YORK

FINANCE

AND

COMMEROE

Р

CORNER IN COTTON New York

MARKET IN

Hong Kong Stock Exchange

The market continued stendy with a bigger turnover at, in most enses, improved rates.

H.K. GOVT. LOANS

45 Luke $85, aa tuon (1984 1910) nyt. 111 L (1998) 07.

DANKS

JK. 8. Bank 1270/86.

(hon, Heg.) Libyan Chartered Bank 29 fizičů, Merenotte Hank A. & D. £220. Hank of Bant Aila

INSURANCES

Cunton Dis, 2700.

Talon In Grol, Bydan. Chin Underwriter Jn.

M.K. Fire Ina, 20ön.

KIEFFING

Dorlaser 200N. J.K. & M. Biennale In. Linda China (Pret) 8 Jan.

Del.) ATA.

Stals (Bearer) 47760, Unism Waterbinte 18n.

Aalu Nov. 156, 250, 70an, NOCKS, WITARYRS, GODOWNS, El. H&K Wharven Iơn.

North Point Whsyen 3.0. Shanghai Honakew Wiarres Lon. 11. Dorks an

China Pavlilouta 930am.

Shangtial Dockynzda 35, 8.20,3,00, Wheelocks 21an.

MINING

Rauh Mines ATON,

H.X. Mines 90in.

LANDS, HOTELS & VIDOS,

H. & S. Hotels ́ 16, 8,425, 8.āka. 1. Lands 396.

Shonahni Lands 1.136. Humphreys B

H. Realties 1.95h, 2.301. Chitore Estutes 121p.

LK.

PUBLIC UTILITIES *Testways FI.COM

11.90/NGAM,

Peak Tram (Old) n.

(New) Bn.

Star Ferries (92.

EGYPT

Aloxandria, Juno 14.

The Alexandria cotton board—one of the world's -major cotton trading exchanges failed to

*

open today because of an emergency brought about by a corner in the market.

Exchange officials asked for a temporary closure

under extraordinary circumstances.

Later, after the Exchange di- rectors had me to study the altuation, the Exchange opened, but lite business was done.

Ashmount June "delivery con-

tracts dropped by 60 plastars from record highs of over £28,

August Ashmouni dropped more than £Z (Egyptian) per kantor to £23.40,

prices skyrocketing nearly 100 per cent for this variety.

Stock Exchange

New York, June 14. Limited selling pressure was enough to force the stock market down for one of the largest aver- age lones of the year. Final

of prices showed losses

acuang to around two

points. Most ended ot

at or near the lowest quotations of the day. Many of the recently popular blue ship The Pashas holding the corner Issues were among those yielding hope that the shortage of soft cur- ground most readily. Brokera rency cotton In the world market see the decline chiefly as an ad- will force buyers to come back to justment in the price level fal». them.

Some trade sources belowing a sustained rise. Heve that Britain is tiring of

High Ashmount prices forces forslan buscazu particularly Britain, to obtain cotton else whore.

Transfers

froquent past manipulations .o! Trading was, the slowest since the Egyptian market and may Monday of last week. look elsewhere for a permanent were 1,800,000 shares.. alternative source of supply.

A few leaders

resisted the Chicago, and

They included

The directors were reported to have decided to ask the Egyptian Finance Ministry for clarification of the June 10 directive.

The corner was created by

The Egyptian Government do two brokers in June dellveriés oferce pt June 10 changing the cot-trent. Ashmouni-type-cutton and sent ton iharket regulations meant an Milwaukce and St. Paul

immediate profit of an additional Tidewater Associated.

£750,000 Egyptian to the group holding A corner on the Dow Jones averages: Stocks Ashmouni market, authoritative 78.43; 20 Industrials 323,92; 18, Cairo trade circles said,

Rails 08.34; 10 Uttles 43.46. They said that the

-Closing quotations; group had earlier accepted dell- Adams Express "erles on June contracts of 410. Alaska Juneau 000 kantars. (A kantar

is 100 American Can pounds). Short sellers tried to deliver Or additional 15,000 kantars" of repressed Ashmouni cotton. Short sellers must. now about £10 per kantar On

Large numbers of. amallar dealers are reported to be vir. tually bankrupt as a result,

Pashas'

coup Lacking nuncial resources to break the corner, these small traders are now unable to meet June delivery commitments or higher

requirements. margin Several bankruptcles have ready been reported.

Banks holding cotton D!

-

cornerlag

+1

23%

20 .110%

Tobacco

Anacɔntia

Smelting Telephone Waterworks

Copper

65

158

0312 ∙10

32

Aviation

Baldwin ve

10%

814

4434

37%

now ox these 75,000 kantars to the corn- ring group--the difference, in the market price between re-Bordsdall pressed and now Ashmount Associated Press.

security on loons are pected to be prepared to auction it for what It will bring. Ay- hmouni-type colton, a middle staple variety, was bought and sold for about £15 Egyption in March, It closed Tuiçaday at more than £28 Egyptian,

Two rich Egyptian Pashes are credited in trading circles With pulling off the first wholly effec- tive Egyptian corner in the pre rent generation.

Farohl

They are Mohamed 21.800. Pasha and All Yehia Pasha, Some cotton traders said the two thon Pushas muy make more

£10,000,000 Egyptian,

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

26th June

24th July

C. Lights (0ía; 10.30h, 10.40/3/30s.

(Now) 7.70%, 25%/.80.

Tauks available for Bulk Oil..

SAILINGS TO SAIGON, BANGKOK & DJAKARTA (BATAVIA)

"STEEL SEAFARER"

"STEEL ROVER"

"STEEL ADMIRAL"

ARRIVALS FROM U.S.A.

Sails N, Y.

É -STEEL SEAFARER"

"STEEL HOVER" “STEEL ADMIRAL”

CETES

Snited

24th June

.23rd July 20th Aug.

Sails S.F. Due H.K. Sailed 24th June

17th June 8th July 22nd July 11th July 28th July 19th Aug..

GILMAN & CO., LTD.

Tel: 31146 ̃ ̄ ̄ ̄*****

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

ISTHMIAN LINE

(Isthmian Steamship Company, New York)

S.S. "STEEL SURVEYOR"

LOADING 25th JUNE SAILING 26th JUNE

FOR

LOS ANGELES & NEW YORK

vio PANAMA CANAL Passenger Accommodation Available. TANKS AVAILABLE FOR BULK OIL

GILMAN & CO., LTD.

Tel. 21146

Chinque Freight Agents:-JUN FAT & CO., LTD. Tels: 28823, 2555323483.

SWEDISH EAST ASIA CO., LTD.

ARHIVALS FROM KUROFE

-mv.“SUMATRA”

m.v. "DUKAT" m.v. "MINDONC

"End July

·SAILINGS TO EUROFE

m.v. £SUMATRA” m.v.:“MINDQnp"

M5th July mid Ally

FOR

ADEN, PORT (SAID, GENÇA, MARSEILLES, ANTWERP, KÖTTENDAS, UREMEN, HAMBURG, COPENHAGEN, OSLO:

GOTHENBURG

iLK, Elentries 2234/ban.

. Macho Electrics 11.

(New) 10

(B, har 10.

Sumlisan ights an Tekphones 12.10. Shanghai Ga 1.

INDUSTRIALS

Onkl. Macz, (Ord) 110, Canton fees 34.

Comente 2040, 100, 1934an, }, ILK. Hopes 13.

.

STORES, EL, Batry Farm 12an.

(R.) 4. Watungan. 1. Crawford 23an. Blueeren n

China Emporfijn Pn. You Co., Lin, 1170n. Kirk NEW Zenk.807 -Wing. On... (ILK.) – Con......___ Wm; Powell,.Ltd. Bu

MISCELLANEOUS Vhion Entertainmenta, Uin. *148, Constructions (018) 2.40%.

(New) 1.30. Vibro Pings 11. Mariman Investments 1/8, Maramate (CK) 250 Shanghal Loan 79b, 963. Vangtsies" Plin.

COTTONA

Ewen 1,10/5/3,10am.

RUDENS, tr. COMPANIES Alion, Estaten 140 Anglo-Dutch 30.

¡Batu Aname 124, 16an,

lulo Penfatiosa Job. Cheroor United 450. Chrug Rubber 2... Consolidated, Rabbers 1jib, Dominion Rubbeda 150n. Java-Conwolidatode 00n. Kota Bahrve in. Kroewek Javis „150, Langkala. 10,

(Continued On Next Col)

NOTICE TO CONSIGNEES

m.v. RHINHOLT"

"Intervention by the Egyptian Cabinet on June in dramatically

Bendix Aviation Bethlehem Steel

Boeing Aircraft

Co....

| Canadian Pacifie

Case, J. 1.

Colgate... Chrysler

POWER OUTPUT IN SHANGHAI Production of electricity in Shanghai has now returned to 04 per cent of normal, or 100,000 Commercial Solvent kilowatts, according to a report Corn Products here. The city's power system Du Pont was badly disrupted in a Nation- General Electric alist bombing attack on February

Motors G.

Goodrich Immediately offer the bombing, Goodyear

the city's power supply fell off Homestake Mining

^

Paper

saved the two from losing drastically, but after four days International Harvester similar amount, these sources of repair work it was able to say. A Cabinet order retrose- generate, 50,000 kilowatts, Addi-

Tel & Tel tively changed standing market- tional, work since that time fur-Johns Manville regulations so that sellers could ther-improved.

the

aftuation.

Kennecol Copper not ineet futures delivery con. The bombing raid scored a Montgomery Ward tracts in a specific grade kedirect hit on the equipment of National Distillers Ashmouni by taking in other the Shanghal Power Co. and

Leat types. The order effected all damaged plants of the Chapel New York Central June delivery and left the two Waterworks and Electricity Co. Packard Motors Poalas in complete .control of the as well. United Press. market..

cex

Trouble ahead?

аго

:

Some conservative trade sour

that the convinced Pashas' profits are over-eslim- ated because they foresee frou ble for the two businessmen la

hugo unloading their

holding

Pan American Airways

LONDON STOCKS RR

Landon, June 14.

Corp. Remington Rand

Steel

in quiet dealings of the Stock Exchange. Irons and steels and Schenley

Sears Roebuck 180 cased. leading tobaccos Cinema shares.

Shell Oil 'dropped on notical

Industrial 'shares drifted tower Sobacco

which, due to a short-crop, made the passing of the Odeon Sony-Vacuum- the corner possible.

They also say the corner is not as effective as the Pashos hoped because unexpected supplies ap. peared on the market. Soine cotton mills sold their Ashmount slocks for quick profits and closed down to lower prices, throwing their employers out of work. Trade sources said,

·་,་;

Padang Rubber 07

¿Mejjaħ· "Rubbers Titib, «Ilm.

Bubber Trusts 284b, 2.40s, Bamagata «Rubbere 75am.. Bemambu Rubbere 10.. Rhynghol Kedahs 4ib. Rhanghai-Malays10. Bhanghai Pahang 80b, Shanahal Sumatria. In," Bus Mangel0715 Bunkel Darts 186, Tanah Meraha „44b. Tebang Rubberu '.196. Zlangbe Bubbers 50,

NOTICE TO CONSIGNEES

Theatres proference dividend, Southern Pacifie Rubbers and oils lost ground and Standard Brands Kafirs were.irrettular.

Studebaker Union Ba

Carbide US Rubber

Steel

Financial Times' Index 114.6 Associated Press.

NY RUBBER

*--New-York, June 14. Crudo rubber number one) futures closed 10 to 45'higher.

July

"The Global Fiein

TO HONOLULU & SAN FRANCISCO

"General Gordon" "President Wilsen"

via JAPAN·

„Arr. Júno 10 ·

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

Salls June 20 'Balls June' zü

Sails. July

TO SAN FRANCISCO & LOS ANGELES vip JAPAN

Arr, July 3 Sails July Arr. July 12 Bails July

"President TaIL" "President Madison”

TO NEW YORK, BALTIMORE & BOSTON VÍP PACIFIC COAST O PANAMA

Salls July 1

Willamette Victory" "Dartmouth Victory"

„Arr. July 16

.Arr. July 29 Sails ROUND THE WORLD

VIA MANILA, singapore, cOLOMBO, COCHIN, -BOMBAY, KARACHII, SUBŹ, ¡FÓET, SAID, “ALEXANDRIA, NAPLES, MARSEILLFS, GENOA, NEW YONK 'and BOSTON "President Polk"

Arr. June 20 Sally

Sails June 22 "Marino Snapper" ............................. Arr. July 8

TO JAVA & STRAITS

"Willamette Victory"

St. George's "Bldg.

.........Arr. Juno 18

Salls June 17 Tel. 28172/5.

BEN LINE

:

FROM

ARRIVALS

4434 174) 6744

SHIP "DENVORLICH"

.UK. via Singapore.

"BENARTY"

BENMACDHÙI”

454

BENLOMOND"

40

DENALI

08

"BENAVON"

0114

"DENVENUE”

54

"BENDORAN"

·4412

12

49

57

"BENLAWERS”

"BENLOMÒND”

**DENARTY"

"BENVORLICH" .

*"BENALDER"

*BENVENUE"

SAILINGS

DUE in Port -In Port

19th June Hard June

`on' or abt. 2nd July

16th July

20th July

9th Aug.

K/Wharf

“BENMACDHUI". "BENAVON" "BENLAWERS",

London, Antwerp, >Rotterdam. Hamburg

4.Hull, Liverpool,

Dublin,

Haves, Hamburg, 16 Hull.

Genoa, Le Havre, "Lon. don & Hamburg.

Dublin, Antwerp &

*Aqtterdam.

+ Accepts Cargo for Japan,

#Omits Dublin.”

14th Aug.

Loading on or abt.

-22nd Mune Roth July

SZIDAYS..

26th line

• Ascepta Cargo for Haven.

"Via Malaya, Colombo, Port Sudan, Aden, and dyox Gangl.

For Further Particulars, Apply To-m

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

Agents

554

2296

Oil of Calif

70

Oil of N. J.

4016

· York Building..

35%

14%

36

Lines Westinghouse

449%

28.00. Youngstown Sheet, & Tuba. 94 20.15 Gen. Pub. Utilities

10% 4, 124.80.. Bonds Rere lower. Among Spot number one ribbed smok-Curb stumblers were Louisiana

September

December

ed sheets 28-nominal-Asso- Land, Pantepec Oil and Cities ciated Press.

Service-Associated Press.

NOTICE TO CONSIGNEES

NOTICE TO CONSIGNEES

Consignees Fer

Consignees per

LINE

ms. "TUDOR”

AUSTRALIA-WEST PACIFIC BAEBER-WILHELMSEN LINE

m.v. "MADAKET"

are hereby notified that their aro heroby notified that their cargo is being discharged "Into Having arrived Hong Kong cargo, is being discharged into the Hong Kong & Kowloon Having arrived Hongkong consignees of cargo are hereby the Hongkong Kowloon Wharf & Godown, Co's godown consignees of cargo are hereby notified that all goods have Wharf Godown, Co's godown where it will be at consignees notified that all goods have been landed and placed at where it will be at Consignees risk and subject to the Wharf's beon landed and placed at their their risk and expense into the disk and subject to the Wharf's terms and conditions of storage, risk and expense into the or godowns of the Hongkong and terms and conditions of storage, and where delivery may be downs of the Hong Kong and Kowloon Wharf and Godown and where deliv Kowloon Wharf and 'Godown

be obtained. Co., Ltd., where delivery may Co., Ltd, where delivery may be obtained as soon

be obtained As 'soon as the goods are: landed; goods are landed..

,:་,4

as the

day

All

oblained.

on June 17, 1960, -/-

Damaged, packages are to be left in the godowns for ex amination by Consignees and the Company is murveyors, Mesars, Goddard & Douglas

To comply with the General

Liverpool,

Girsgow.

K/Wharf

8th July

Stat July

Telephone: 34165.

THE EAST ASIATIC CO., LTD.

M.S. “KOREA

21st Juno

for

ADEN, PORT -SAID, "HAIFA," ALEXANDRIA, “GENDA,

ANTWERP, ROTTERDAM, HAMBURG, OSLO,

GOTHENBURG, & COPENHAGEN · · Akaks gvailable star the c

? qu in bulk THE EAST ASIATIC CO., LTD.

Queen's Midy, Sad Boys,

Damaged packages are to be left in the godowns for exain No claims will be admitted ination by Consignees and the No claims will be admitted after the goods have left the Company Surveyors, Messrs. after the goods have left the godowns or fallure to attend Carmichael & Clacko at 10 at 10 am on June 17, 1950. godowns or failure to attend the survey. the survey.

All broken, chafed and damaged goods are to be left in Bonded Warehouse Regulations consignees must have a. Re- aged goods am to be left in the the godown where they will be Consignees, must have a Revenue Officer in attendance godown where they will be examined in the prizence of venue, Officer in attendance when damaged dutiablo goods examined in the presence of Messrs. Goddard and Douglas when damaged duilable goods are oxamined. Mesers. Goddard and logins on June 17, 1040, at 10 m. are examineja on June 19, 1050, (ut (10 nm.

To comply with the General!

No claims avill be, admitind No claims Will be admitted after the goods have left the To comply with the General Bonded Warehouse Regula after the goods have left the steamer's godowns, and Bonded Warehouse Ragulations, Lóns consignons must-Have steamer'a godown, and all goods goods remaining undelivered consigneemt have Her Revenue Officer in attendance remaining tindelivered after after Jund 18, 1950 will be venue Officer in attendance when examining damaged dull June 10, 1960 wil be subject subject to rent. when examining, damared dull- able goods. "All claims against to rent able gooda, All Dalmal saalost this vessel must be - prosanted the Vansol riutibo pésscated to to the Undersigned within #All claimaturalist, the stink the undersigned within four fourteen days of the ship's mer must be presented to the the Under

||stoumer": tom days of the ships

recognised. or,thay velll not be ručngnised.

No fire Noire

All broken, chafed, and dem. To comply with the General Bonded Warehouse Hegulations OCEAN AGENCIES,

Jundi

not. bo

AÚ

claims

*they will not be fecbi

'the

S.S. "OTHON'

LTD.

ARRIVING TODAY 16th JUNE

will be discl

BUOY A 12

THE HONG KONG BAS

ed ot

ble for:Balkell.

GILMAN