1950-06-26 — Page 9

THE CHINA MAIL, MONDAY, JUNE 26, 1050.

BUTTERFIELD & SWIRE

CHINA NAVIGATION CO., LTD.

"TSINAN"

"РАКНОГ"

"YOCHOW"

"SHENGKING"

SHANSI"

"YUNNAN"

"SZECHUEN"

"HUPER" "SOOCHOW"

"SİLANSI"

WAHENGKING"

"YUNNAN"

"HUPEN"

"PRODUCE" “HUNAN"

SAILINGS TO

Iphon & Pusan Bangkok.

Singapore, Penang

& Belawan

Yokohama, Nagoya,

Osaka & Kybe Saigon

...diceluring

Keelung, Yokohama

Tientsin Bangkok

3 p.m. 25th June

5 p.m. 25th June

3 pim. 25th June 5 p.m. 27th June*

5 p.m. 29th June

6 p.m. 29th June

6 p.m. 20th June

5 p.m. 30th June"

5 p.m. 9th July

Salls from Custodian Wharf.

́ARRIVALS ̄FROM

Bangkok

Kuchung

Saigon

Tientsin & Tsingtao

Djakarta & Sibu ..

Tientsin & Teingiau

7 a.m. 25th June

p.m. 25th June a.m. 26th June 26th/27th June 27th/28th June 1st Aug.

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

SAILINGS TO

"CHANGSHA ......Sydney & Melbourne

9th July

ARRIVALS FROM

A

"CHANGSHA

.....inpan

61 July

BLUE FUNNEL LINE

Scheduled Sailings to Europe vin Aden & Port Said.

"PELEUS"

Marseilles,

Genoa,

Liverpool & Glas-

BOW..

6th July

ARRIVALS FROM

U.K. vin Straits

ist July

ULK. vía Straits U.K. vin Straits &

Manila

4th July

16th July

20th July 26th July. 1st Aug.

via Straits & Manila

12th Aug.

"AENEAS" "MARON"

* "AUTOMEDON"

"PATROCLUS” "CYCLOPS" "ULYSSES" ""ANTILOCHUS“

.U.K. via Straits

UK. via Straitя UK, via Stratta UK.

DE LA RAMA LINES

Sailing to NEW YORK, BALTIMORE, PHILADELPHIA,

Via JAPAN and PACIFIC COAST PORTS.

"HALLAND"

"AJAX"

17th July

Arriving,vin MANILA from U.S. ATLANTIC & PACIFIC COAST PORTS

. 17th July

Carriers_option to proceed vin other ports to Toad & discharge cargo,

. All the above subject to alteration without notice, For Passage and Freight particulars please apply to

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 ATLANTIL

"PIONEER WAVE"

"PIONEER LAND"

PIONEER SEA".

'SAILING TO MANILA

"PIONEER WAVE" (vla Keelung & Yoko-

hama)

"PIONEER LAND” (üla Yokohama

!

.Aug. 4. .Aug. 13 Aug. 25

.Aug. 5 &

Aug. 14 Takubär). W "PIONEER SEA" via Keelung, Kobe &

¡Aug 20

Yokobuma~

SAILINGS TO NEW YORK, BOSTON,

@BALTIMORE, PHILADELPHIA via

JAPAN & PANAMA CANAL 497.

Arr. June 29 Salla July 1 July 10 July 12 Aug 8 Aug. 8, Sept. 1 Sept. 3

‚"FIONEER BAY" -

"PIONEER DALE"

"PIONEER LAKE"

"PIONEER WAVE"

For rates, spécial Information call,

UNITED STATES LINES

Queen' Bid”.

COMPANY

MATOL. 20190.

The shero fit, Indientes ́ite pibustibil, o ^eris et heling and discharge

FINANCE AND

COMMERCE

LONDON STOCK MARTS NY STOCK

REMAIN CHEERFUL, IMPROVEMENTS NOTED

Bombay's strike threat ends

Bombay. June 24.

A threatened strike and a two-week lockout of 3,500 stevedores lo Bumbay Docks ended tonight with agreement between the Dock Workers' Union and the employers.

Chairman

The Unian, with a membership ol over 2,000 of the port's 24,000 workers, theelded last night, after negotiations with the

Trust, Mr. L T of the Port Ghulop, to postpone the strike which was to have begun today,

It was called in sympathy with The 3,500 steverlores who were "shut out" by their employers on June 10 for go-slow tactics which began on June 6.

·

em-

reached Under the settlement after long negotiations, the ployers, the Bombay Stevedores Association, agreed to pay workers 10 days' bosic wages in- stead of the two-month

bonus which the Union Arsi demanded.

the

The "shut out" workers are to fjeturn to duly on Monday with a promise from employers that there will be no victimisation. The employers agreed to dismiss 011 July 31 replacements 'taken 011 nter the "go slow" musement started,

|

London's stock markets romain cheerful, and re- cently witnessed further improvements in most soctions,

MARKET REACTION

New York, June 24.

The 1049-50 stock market let out a bellow of defiance this week after its worst beat- ing in a year.

The gilt-edged market has takeh in its stride the

..recent issues of £150 million of 32 per cent Some 10 days ago the market went into a slump that lasted Elretrielly Stock and 1007 "The recovery,however, win until Tuesday morning. Roughly f mullion of 21⁄2 per cent Funkiing not be general." The continued | $2,000 million was sliced of the Loan. In spite of the fact that slagnatlon of South African gold-market value of all stocks Ilsted these issues huve absorbed about-mining shares he face of the re- (on the exchange,

£300 mlition of

which went dividends is auillefont proof cash, might, otherwise have been in vestrd in existing gilt-edged stocks, this market continues to harden.

Several favourable influenees have been at work. First and foremost, perhaps, is the growing etivity of trade in the United States.

During the past year. Moody's price index of JAmerican Tople commodities has risen by 18 par cent and the average reflects marked rices In the prices of several commodities which comerom the sterling

aren.

Increase

These facts call for a sense of

elevaluation. Where the sterling area has gained during recent. months has been due not so much [to a rise in dollar prices us to a

recovery in American trade,

of that. The investor must there- Tore be careful over what he decides to buy.

Textile industry

in S. Korea

Washington, June 24. The inost urticeable example, The cotton textile industry course, is rubber, the dollar in South Korea is making price of wellet has nearly doubled i marked recovery, according to since last August Cocoa has also the Department of Agriculture. risen appreciably, and the Amer- | Mill consumption is nearly ican price of "wool has increnser double the rate of a year ago. since the end of last year.

For the first eight months of the proportion The rise lo sterling current season, the Department said, mills required 53,000 bales commodity prices is largely a re- ricction af lost September's

compared with 47,00 bales for the

of 1948-49. season of entire

The 1940-50 season estimated at 80,000 bales for, the Koreng mills, although there was

decline in

consumpling early this year due to shortage of. A state of rigidity

raw cotton and electric power,

South Korcan cotton production is a lesson In this.

this season is estimated by U.S. own economic affairs oficials at 81,000 bales, with about such a state of rigidity 20,000 bales of the crop going to

1 minor milk. The that it takes fluctuation in American trade towns said to be sekking to collect Korean government shit us from a state of disasters to one of relative comfort.

At the moment it looks as ! American business will remain active. Sudden changes, however, are always likely to happen in

There Brituly's are in

only

some

27.500 bates of this season's trop for the mile, but the Department doubled If this total would be renched due to heavy demand for hottiehold purposes.

Earlier today work in the docks stopped for zin huur after the jollec arrested Shanti Patel, General Secretary of the Bomboy Port Trust Employees' Union,

The Union has 8,000 members- The Belush investor situula re- iranemen and engineering Maffinember that in 'Eritain's present of the Trust which-employs 12.-

economic condition such changes .000 men,

have a

disproportionale cffect Press. here,

the United States.

The men resumed work an

Ho should also remember that hour later in response to a request devaluation has added to the cost from Asok Melita, the Union's of Britain's imports. Since last President.

August the average price which Poilee headquarters would not, Dritons get for their exports ha give any reason for Shanti Patel's

fitrest.

A Port Trust worker told Mehta that the police hurt beaten and arrested Patel after a Port Trust Coffelal had reported that he had entered the "docks_to_ask the workers to strike.

Reuter.

North cotton production cur- rently is estimated at 40,000 bales, although little Information available on the crop.-Associated

Myth of the Red Clyde

By the Rt. Hon. THOMAS JOHNSTON

Tuesday afternoon the, turn came in a slow rally. In the next two days about half the loss was regained and she bull

..

market appeared to be on solid ground once more.

The financial prophets who had predicted a short downward ad- justment appeared to be right. Some die-hards claimed that si- other shake out was still to be faced but there was not much enthusiasm In Wall Street for this viewpoint.

The market's evident tough- ness and ability to absorb Itquida- tion was easy to understand after a glauce ut the day to day busi ness news.

Record production schedules were commonplace, corporate pro- nts were piling up, dividends ex- panding. -

Earlier this year, for instance,

halted. Chrysler production was by a costly 100 day strike. Thurs- day directors of the Company decided they were able to raiso the dividend.-Associated Press.

CHINESE GOODS FOR CZECHS

San Francisco, June 21. The Chinese Coinmunist radio at Peking sald today that ship- ments of Chinese raw materials by ship to. Uzechoslovakin will begin this month through Polish ports.

concluded Under n recently is

will send trade pact. China. kides, wolfram, · lead, mercury, mica, silk, hog bristles, resin, animal feeds, tea, egg products and other animal products to Czechoslovakia.

exchange China will import Czech heavy Industrial machinery and forged iron products, locomotives, trucks, leather shoes, chemical products and medicine.--Associated Press.

In

SHIP MOVEMENTS

San Francisco, June 24. Ship arrivals. Today: Malden Yokohama-Associated Press,

but the average cost of Imports risen by about 44 per cent,

has risen by 18 per fcent. To be more precise, raw material Imports are costing 23 per cent more than they did last August. Apart from the fact that Britain

Our historian of modern to row has cxport a greater "quantity" of "goods in order to pay Glasgow, Mr.-C.-A. Oakley,

the same quantity of imports ascribes some share in build-Creek and Pacife Transport from i for T'atel Was later releasextas before, her manufacturers

cannot pay 25 per cent more for ing up the legend of the "Red their raw materials without even- Clyde" to the prevalence of tually having to charge more for sub-editors in Fleet Street, their goods, whether sold at homeThese gentlemen are believed Another stimulus to markets to be particularly receptive has con from the widespread to news items about a stab- removal of controls, of which the bing case in the Gorbals but boltion of petrol railoning is much less impressed or in- the latest and most

striking

terested in similar flashes example. Moreover, the process may continue, at least, until the about Liverpool. next election.

COL jumps in America

Washington, June 21. Led by meat prices, the cost of living between April 15 and May 15 took the highest jump of any month in almost two years, the

Bureau of Labour Statistics said

still below a year ago,

or overscan.

NOTICE TO CONSIGNEES

From JAPAN,

Consignees per ship

MS "SANGOLA”

are hereby notified that their Be that, however, as it may, cargo will be discharged into For the investor the question most of us who have toured the Hongkong & Kowloon whether this now freedom will Canada and the States have run Wharf de Godown Co., Ltd., extend into the financial sphere. up against the firm conviction

either

terms and conditions of storage

Jodny. However, the rate was Dividend limitation is an obvious } there that Clydesiders are red where it will He at consignees' case in point; for it is becoming revolutionaries, razor slashers, risk and expense and subject to . An increase of 8 of one per m

more and more doubtful if in- mob gangsters: their chief indus- cent was reported by the Bureau dustrialists ought to acquiesce in try strikes, and their chief pall- of the Hongkong & Kowloon in is consumers price index on Its continuance on a voluntary tice a blend of Stalinism and Wharf.:& Godown Co., Ltd. retail prices of goods and services

basis.

taken The "cargo is expected is he π-is purchased by moderate incomo

cien more doubtful if Trotskylam

ready for delivery from the families in lorge American cities, the Government would seek to separately and neat.

I used to explain in the Stafel Godown on and after the 20th carry compulsory Umitation The new index was 108.8 com-

that this

this was about as realistic as June, 1950. pared to 100 for the base period through the present, Parliament.

must be the picture of American elfirenty in the minds of the po-` pulation of Paris when they hear For read of a negro soldier from This means that it is becoming Louisiana dressed up in full re- much more important to deter-galla as Red Indian Chief and mine how much companies could inying a wreath on the tomb of afford to distribute, even if dividend Imitation came to #n de Triumphe! end. (Taxation and, the enhanced cont of replacements and re- nowals levy n heavy toll on company earnings.

considered normal from 1935 to 1939.

Food prices went up 1.9 be- tween April and May and were responsible for the sudden risc In the cost of living index. Ment prices were seven percent higher. -Associated Press.

Soybean are stable again

Chicago, June 34.

Dividend outlook

Some companies could increase thele dividends if they were free to da rʊ. Others certainly could

Cargo is considered as being accepted in good order and condition by consignees, unless broken, chafed and damaged packages are left in the Go- the unknown soldier at the Arction by. Messrs. Goddard & down for subsequent examiña-

Soybeans were stable again to-needed to compensate for rising it is reported, contemplate pro-

P&O B.I. E&A

1

COMPANIES

PENINSULAR & ORIENTAL SIN. CO.

PASSENGER/FREIGHT SÉRVICE

· OUTWARDS

A

"CARTHADE"

BE "CORFII”.

#

"CANTON"

LEAVES LONDON

Balled

Esch (Jane

27th July

DUR BONGIƠNG

Erd July

tut July

29th Auguri

Via Southampton, Port Said, Aden, Bombay, Colombo, Penang

HOMEWARDS

BA "CARTSÄGE"

"CANTON"

* "CARTHAGE"

84, *CORFUM ·

***. "CANTON"

"CHUBAN

LEAVER HONGKONG

DUE LONDON

5th June

8th August

4th August

5th September

ist September

2nd October

50th October,

27th November

24th December

6th January.

24th September

27th October

23rd November

och December

* Disembarks passengers at Southampton on 23rd December. Accepting cargo for Bingapore, Tenant, Colombo, Dorally, Adem, Port Bald London.

OUTWARDS

WI "BUMALI

"KNYNEN“ HOMEWARDS ***URAT

“BOMALI"

FREIGHT, SERVICE.

DUB HONGKONG.

12030

27th July

РКОМ

London & Continent,

LEAVES HONUKOKO тох

1th July

Jet Auryst

London & Contineat.

Accepting Cargo for Bingapore, Pork Swettenham, Penang. Color- ba, Asten, Port Bald, Grime;: Maraeillén, London, Hamburg, Apt. werp Rotterdam, "With-barty to ̋ráll at Bomber if Inducement

Dr.

TANKS AVAILABLE FOR CARNAGE OF OIL IN DULK. SPACE FOR REFRIGERATED CARGO.. LIMITED TABSENDER *ACCOMMODATION,

BRITISH INDIA S.N: CO., LTD,

* "SANGOLA"

*BINDIANA"

due" "26th June salle 27th Judd

due 12th July

tolla 14th July

from Japan.

for Singapore, Japank. Toon 4. Calcotta.

from Calentta, Hadyoca S▲ Biruits, for Japan.

These ships have, Refrigerated Cargo space.

P. & 0./B.I, JOINT SERVICE

"TURNEAM

1. "ITOLA"

Jne 27th June salin 29th Juno

12th July

mila 13th July

from Jaban.

for Straits & Chittagong

·fróm "Japan.

for Stalls, Cathe Bombay, Persian Gulf,

Kanic&

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

1.2. "ZABTERM"

LA "NANKIN"

Jur

1st July-trom Japan

ala 6th July:" for! Manila, Port Mores,

by Bemaral. . Australia......,

from Australia. due toth July saila 10th Aug.. for Rabaul & Australia.

Accepting cargo for, Brisbane, Sydney, Melbourne & Adehido, wy": through bills of lading for New Zealand & Pariño Island porta,

All vessels have liberty to call at any ports on or off the route, and the routes and sailings are subject to change or amendment with or without notide!

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

Telephone Nos. 27721-4.

NOTICE TO CONSIGNEES

CONSIGNEES PER

STATES STEAMSHIP

COMPANY

5.9. "CALIFORNIA"

NOTICE TO CONSIGNEES

Consignees per

3.5. "BENLOMOND"

are hereby notified that their cargo is being discharged fato & Kowloon are hereby notified that their the Hong Kong. cargo is being discharged into Wharf & Godown Co's godown the Hong Kong & Kowloon where it will be at consignees". Wharf & Godown Co's godown tlak and subject to the Wharf's where it will be at condignees terms and conditions of storage. risk and subject to the Wharf's and where delivery 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 ainination by Consimees and left in the godowns for ex- the Company's surveyors, amination by Consignoes and Murers. Carmichael & Clarke the Company surveyors, at 10 a.m. on June 27, 1050.. Messrs. Carmichael- & Clarke

at 10 a.m. on June 26, 1950.

To comply with the General made para nikadan wine Bonded Warehouse Regulations, To comply with the General consignees must have a Ro Bonded Warehouso Regular Venue Officer in attendance lore, consignees must have when damaged dutiable goods Revenue Officer in attendance are, daminod. when damaged dutiablo-goode are examined..

But now here is Sir Steven Douglas in the presence of con- Billand, Icoder of the Scottish signees, dt 10 am, on the 29th Council's Trade Mission to Ameri-June, 1950. ca, back with a report that the

To comply with the General Red Clyde prejudice is acting

positive deterrent to new Bonded Warehouse Regulation. not, and a greater number would Industries on Clydeside a menace consignees must have a Revenue

to Britain's think twice before doing so sto

economy and em- Officer in attendance when

dutiable goods are examined. the expense of reserve allocation ployment.

Some American Industrialists,

All damaged cargo claims

No claims will be admitted day to stand up against persistent prices. selling pressure, much, of which

"All this means that," white duction in Dundee or the Borders against the steamer

must b

after the goods have left the come from the East, Lard also

the recent market recovery has but not in the area of the Clyde, presented to, the undersignos

No claims will be admitted steamer's godowns, and all cased while the rest of the a rollbania In the American

Lenin believed it on or before the 10th July, 1980 after the goods have left the woods remaining undelivered market on the Board of Trade Trade actielty and its consequent The Bled label was frat unfred, or they will not be recognised steamer's godowns, and after June 29, 1050, will be

shela, to sterling. It is also to large extent paychological..

There are several British com- Clyde there were great importa No first insurance will be goods remaining undelivered subicct, to rent.

after June, 20, 1900 will be pantes whose shares have recently tions of labour; gTORE overcrowd effected.

subject to rent.

AU claims against the sleamer must be presented to/ Pixen, but which are doing no ing upon an already scandalous better, and 10 wore today than housing system; raising of rents No claims will be admitted

All claims against the the Undersigned on or before (sometimes on soldiers wives) after the goods have been taken they were carilee in the year"

This does; not mean that the compelling an Inevitable Rent delivery of ox ship'ide or steamer must be presented to July 14, 1950, or thos

[rog"ba:recognised."|| recovery while not last. On the Restrictions: Act; apprehensions. nlternatively, ex the Hongkong the Undersigned on or before contrary, overy recovery in mar- that dilution of inbour by the & Kowloon Whart de Godown July 8, 1950 or they wiT VEWEA Rets: depends for: la development Imporices, would be used - per-, Co's premises v'unless a joint not be recognised,

bden!!

was relatively stendy.

heat closed 3/8 lower

to 1/8

higher.

July

$2.22-32.11% September $2.13%-4 **December $2,10%

Com was lower to higher,

July ...... BINTA,

Onls word 3⁄41⁄2-1% higher.

July

80%-4-

Rye was unchanged to lower,

Soybeans were 11⁄2-41⁄21⁄2 lower.)-

during the 1914-13 war. On the

upon a cheerful atmorphuro. Buchmanently to lower existing stan- survey has previously, no No Fire: InaraNG

an atmosphere, brides out money | darda bi living; workmen deporte effected. “ Which previously had been hoard", ad without trial (Mr. David Kirk- g

owners were wood was banished, Edin

burght) and Mr. Lloyd George

afraid to intesti kokemuks

MACKINNON, MACKENZIE

"DODWELL BUCO

decisory reception at a mass meet Ingin BtZARBAI, 31171120-271NE

farted the Red Clyde rory HE UNVER

B. 1., 5. N., Co., Ltd.

Hong-Kong, Juna: "20" 1960

The recovery 4 heraforo poem was raccorded hilarious and likely to continue. It will last so Tingh Arnerican trade Faranba, Tard was five to 10' conta lower good and so long as there is not

(pos:100:1b#);

anvelection which cosa the IONS. way from the investor,

140:

No Fire Insurance ... wilLE

LOXLEY & C (CHINA)">LAD