1950-06-30 — Page 12

'CHINA "MAIL, FRIDAY,

1950.

R.I.L.

ROYAL

INTEROCEAN LINES

SINGAPORE, JAYA

FORTS and

MACASSAR

«VAN HEUTAZ

ARRIVALS

In Port

"TEGELBERG" •

"TJITJALENGKA”

TABMAN"

6th July'

25th July

SAILINGS

1st July 8th July 13th July

29th July

*only to Singapore, Penang & Bal. Dal

⚫ direct to Singapore, not to Java porto and MachaDAY

MANILA, EAST &

SOUTH AFRICA &

SOUTH AMERICA

"STRAAT BOENDA"

"TEGELBERG' ́*•

TJIKAMPEK"

"AUYB"

JAPAN

"RUYB"

"

ARRIVALS

SAILINGS

5th July 0th July

1st July

6th July

8th Aug.

ARRIVALS

SAILINGS

4th July

7th July

15th July

⚫ not calling Mania and South America **not calling Manila

"STRAAT 8OENDA"

"TEGELBERG"

3rd Aug.

Agents: HOLLAND-EAST ASIA LINE

EUROPE via MANILA

and MALAYA

"LANGLEESCOT"

"MARIEKERK"

ARRIVALS

"MELISKERK"

early July carly Aug.

SAILINGS 9th July early Aug. early Sept.

Through BI/L

fakded

tq

Moditerranean and Northern

European ports.

D

JAPAN

"LANGLEESCOT"

"MARIEKERK"

"MELISKERK"

8th July

Early Aug,

early Sept.

sarly July early Aug.

KING'S BUILDINGSTELEPHONES SPRUTErokemus

ASD 2018

ISTHMIAN LINE

(Isthmian Steamship Company Now York)

DIRECT MONTHLY SAILINGS TO NEW YORK VIA LOS ANGELES AND PANAMA

FINANCE

AND

COMMEROC

IMPROVING POSITION BRITISH EXPORTS

OF

New York

Stock Exchange

The provisional value of United Kingdom exparts last month was £183 million, which is only £1,400,000 Less than the record figure for March. On the standard basis of a 25:doy working month, however, exports in May were £5,400,000 higher than the record Marca rate. On this same basis, exports averaged £172,900,000

in the first four months of 1950 and £151. 500,000 as an average for the whole of 1949. Imports at £228,400,000. were various cuteņiations involved werd higher than in any previous therefore set in train as soon a month, partly as a result of sea- the detailed figures for pur trado) sonal influences, bringing insports were available for a not too ab- in the first five months of the normal post-war year."*" year to a level of 14 per cent The last index figures to የዩ above the same period last year. laaked on the 183)-brols show Re-exports were 3,600,000, that, taking 1930-as equal to 100, so that the excess of Import there was a rise from 139 in 104) (valued c.lf.) over exports and to 151 m 1939, and to 171 in the re-exporia' (valued folk)) was first quarter of 1950. :

£10 mililon, bringing the adverse visible balance for the first five) ****es were favoured.

Gainers included

United Cor-months of this year to £164,000,- peration, Budd

Company. Co

in Janusry to May last year. Tumbla Emerson Badia, An-

Ga derson Prichard Budd Company Kingdon exports to

Canada In General Motors, Chrysler, Uniter May was £12,400,000 and to the Aircraft and Douglas Aircraft.

United States £3,200,000. Dow Jones averages: Stocks 76.08; 20 Industrials 214.60: Ralla 53.10 10 Utilities $1.87.

Closing quotations:

New York, June 28. Heavy buying smoothed a war litery stock market today,

In a decisive rally from spectacular two-day

alump leading issues.advanced fraction to around four dollara share Transfers 2,000,000.

A total of 805 stocks advanced and 174 declined. Mators, steels chemicals, rails, oils and aircraft:

Adams

Alaska

217

660, compared with £153,100,000

The provisional value of United

Mr. Harold Wilson, Frusident of the Board of Trade, announcing these figures, said that the dollar value of May exports to Canada was the highest monthly figure yet in the export driva, Never- theless, the average value in dollars for the first tive nonths of 1950, $28.900.000, did not 60% quite reach the dollar average for 10% the first quarter of 1949 ($26,- 30 700,000).

2

American Can

111

Smelting

82

Telephone

153

Tobacco

Waterworks

Anaconda Copper

Aviation. Corp.

Baldwin Locomotive

10

Bendix Aviation

44

Bethlehem Steel

35

95%

Boeing Aircraft

Borden Co.

Canadian Pacifie

Cht Case

Chrysler

The dollar equivalent of the United Kingdom's May exportál - 21 to the

U.S.A., continued Mr.

Wilson, was the highest for any 284 month since Januury of last year. 403 but the average value In dollars. 15% for the first five mantlis of 18:50 15% 39% ($19 million) vips ten per cont 710 Jower than the dollar average

for the first quarter of 1049.

Colgate

Commercial Solvent

100

Corn Products

Du Pont

#2

Easinian Konk

444

General Electric

49

Motors

Bo

'AKTION" "GREENHAVEN TRAILS"

24th July

Goodrich

92

2nd Sept.

Goodyear

Homestake Mining.

Tanks available for Bulk Oil.

Paper

Tel & Tel

117

$7

SAILINGS TO SAIGON, BANGKOK & DJAKARTA (BATAVIA)

"STEEL SEAFARER”

2nd July

"STEEL ROVER”

.23rd July

"STEEL ADMIRAL"

.20th Aug,

ARRIVALS FROM U.S.A.`

Sails N. Y. Salls S.F.

De 1HK.

'STEEL SEAFARER”

Sailed

Spiled

“STEEL HOVER"

Balled

2nd July 20th July

*STEEL ADMIĦAL”.

International Harvester

Johns Manville Kennecott Copper Montgomery Ward National Distillers

Lead

New York

Central Packard Motors

Pan American Airways

BR

Pennsy.......

Radio 5th July

11th July 20th July 19th Aug.

CO.,

LTD.

Tel: 31146

GILMAN

Chinese Freight Agents:- HIN FAT & CO., LTD. Tel:: 28823,- 25053 & 24483.-

SWEDISH EAST ASIA CO.,LTD.

ARRIVALS FROM EUROPE

m.v. "SUMATŔÁ”

9th July

m.v. "DUKATH

m.v. "MINDORO

20th July 28th July

SAILINGS TO EUROPE

m.v. "SUMATRA”.

m.v. "MINDORO”

.27th July ...Mid Aug.

FOR

ADEN, FORT SAID, GENOA, MARSEILLES, ANTWERĘ, BOTTERDAM, BREMEN, HAMBURG, COPENHAGEN, OSLO & GOTHENBURG

Deeptanks available for Bulkali

N

GILMAN & CO., LTD.

Tel. $1166

S.S. “SANDVIKEN"

FOR

MANILA, GUAM and KOBE

LOADING: 28TH JUNE 2ND JULY SAILING:

JULY

For Freight arid: Pamage

TA HING CO. (H.K.) LTI

George's Buld

Stect Tobacco

Roebuck

Shelf Oli

Socony Vacuum "Southern Pacific

Standard Brands

Oll of Calif. Oil of N.

Studebaker Union Bag

Carbide

US Rubber

**Stoel

"Lines Westinghouse

Youngstown Sheet & Tube

Fino performance

Returning to the general ex-

Mr. Wilson said, vort figures. that the encouraging May returnaj reflected the movement of the 50% chginterior industry and a really 424 fine performance by the motor 268 cur induelry. Engineering exports, 491 which were about one-third of total exports in 1938, were now more than half of the sola?..

Thi

574 5414 221

431

12

124%

3%%%

8

19

112

35

SCAP lifts restrictions on spindles

Tokyo, June 28. General MacArthur's hood- quarters har pent, a memoraŋ. dum to the Japanṣṣà Ggy- ernment, tifting all restrio- tions po the Bumber of Japan's cotton aplople in: sploning Industry.

General MacArthur's memorandum censpied RD Parlier SCAP memorandum which had

calling of 4,000,000 spindles.

The Japanese immediately announced plans to expand.

A SCAP offical told the United Press the

purpose

was to enable Japan to In- Freaks production both for expict and domestic sumption.

con.

Observers thought the more might draw fire from Ameri: can spinners and especially from the British who have been complaining about ją. panese competit-United Rress.

Money Market

For thecond day in succes÷ sion US dollars dropped heavily yesterday, this time with a fossenlitg of the war scare.

Opening at HK$0.05, the rate dropped to $5.90 immediately after lunch, but at the close i

Improved to $5.99. P

11 opened at HK$0.0534 and

down to $3.98 when it was at its lowest.

u survey of exports to Canada Mr Wilson said that textiles ftud maintained their previous position: cotton was little up and woel was running at the same level as in recent months. Pottery and glass had achieved a new record. The ear 15% figures of 8,500 last month ep closed at $0 after the rate wh

nared with 12,000 or 13,000 for a whole pre-war year.

exports to the United 2014

Stalos Just month were 1,000 34% compared with 700 in April 45 Motor-cycle exporis to the USA. 41% were building up and 1,100 were axported in May against 778 in 52% April, Whisky exports last month 21 to the U.S.A. were 371,000 gallons 16% compared with 210,000 in April Wool, lip, pottery, glass and imacliners had set up new re-

20

Car

30 cords.

Au

The lessening, of the war scare was more visibly reflected in the price of K gold (industrial At the height of the gold). tehsion on Tuesday the topped. HK8300 a tael, as against

$268.10st Saturday.'.

Hong Kong Stock Exchange

A quiet and featureless day's trading, but scattered fresh buy- ing orders appeared in the after- noon sesalon. The undertone romalna "steady", -

3

m

4 lamp 584.

12%

B. POVT. LOAN8"

(1991 a 1949) 990. à (10%) Pa BARKO

H... Flaske" (2104.

Hong Hoa)

Chartered Bank & 7/100,

Mercanile Bank 4. & 10, F1240. Bank of East Aata 1906, 100an.*.

INSURANCES

- Caplan Ja, 2700.

Union In. 6708.. China Underpillers #a. “Ha, Hire Ini, 200p.

BIRPPING

Douniares 15ûn.

H.K. M. Heamboats 310.

inile China Pret) 1 shares 16.700.

(Ref.) 41 kama 36q."

Bbells (Denver) 42/0.

Union Wallonie 18. Asła Nav. „67lýk, Town.

DOCKS WHARVES, GODOWNS, Ble. 1.K. A K. Wharece 754.

North Paint Wharvon Kn.

Stanghal Hanekom Wharves 105. 11.K. Deck 15.

China Providentu 9.806, 9,27,0. S'hal Dickyard 2.79, 30/60/9%. Wheelachs 21h, 2114an.

MINING

Raub Kings 4.700. II.K, Mines 2011.

LANDS, HOTELA & DLDGE,

I, 48, Hotel

8.10.

NK. Landa 138156, 3704. Bhanghai Landle 1.0. Humphreys #10.

H.K. Renišiem 1,900, 2100, Chinese Estater 124m.

PUBLIC UTILITIES JL.K. Tramways 11b. Peak Trama (Old) 10m.

(Now) PA. Mint les 88.

•

C. Lika (osa) tob, 10.

(New) 13th ILK-Electrics 226," in. Macko Electrics 11 Kab.

(New) 10n.

J

(it. sbgzen) olan, Handnkai Lights 8, Teleshopen 1240,

Ebanghel Gau 15m.

INDUSTRIALS

Cald, Masz. (Ord.) 22an. Canton Fees en Cements 14, 1014. HK. Rones 13n. ́ ́

STORES. ES. Duly Paras 1.

(R

Watsons 28-

1. Crawfords Ex.Div. 18ận Sinceres 214b.

China Emporius n.

Đứn Co, Ltd, 1.100. Kwong Bone Hope Sta. Wing On (TLK) PAL

W Powell, Lad,' on.

MISCELLANEOUS

Vidro Pilis price

Yesterday -- the opening rate was $292, and dropping almost throughout the day it touched $282 in the afternoon. It re covered to $88€ ai the, close afi the market.

Sterling, was unchanged at HK$15.43.

Australian pounds dropped: Avp| cents to HK$1380,||| Plastres remained HK$12 100.

nominal of

413 Now basis of measuring 35

The ending of jiha first major 33 phase in Britain's post-war ex- 894 port drive is indicated in a state- Gen. Pub Utilities**

16% ment issued by the Board of Bonds rallied with stocks Trade, announcing, a new basip Ameng curb gainers were Tech-of. measurement for the volume nicolor, Bartuin Sjoel, Fairchild of the country's 'overseas trade. NEI Guiders, wore unchanged) engine, Northrop Aircraft, Solar Hitherto the base year has been Aircraft-Associated Press.

1939. From now on it will bo thỏi year 1947

LONDON STOCKS

Ticals rose: üve cents to HK$27.DA a 100.

at HK43 a 100. 2.

1.

-S'HAI RULING ON "FOREIGN EXCHANGE

Contral

ap-

"There has been a continuous Increase in the volume of out Loudon, June 28. export trade since the end of the The stock exchange reacted war" says the Board of Trade. calmly to the news' "of United "Having overtaken the pro-war The Foreign Trade States Intervention in Korea. A level during 1947 and achieved conadent tone soon became apa 40 per cent increase between Bureau in Shanghat has parent," Japanese bonds revived 1947 and 1949, we are now more at that privately operates notably. Plus signs appeared concerned with current changes ladustrial establishments booking before all Japanese issues, with in the volume of our export trade foreign exchange will in future The 1997. gaining 1-% and tho than with comparisons against be required to settle their ex- 1910 p. 1-35

change transactions dusins were, fem. Dollar ince the new index will enable with the Bank of Chetic sollie-

pre-war love??? It points but

collectively

stocks were higher...

these current movements to bo Financial Times index 112.7-measured on

a more reliable ment has been communicated to Associatori Press.

basis than was possible with the the various trade gullds, who old Index,

haup, been asked to submit detailed

NY COTTON

Now York, June 28.

77p hidex numbers which statements", of- exchange needs have boon prepared by the Dourd before the end of June United A late Bury of hedging and of Trade since the beginning of Press, local selling depressed cotton show movements in United King

the captury are designed to futures, but final prices recover dons exporte and reports attor ed slightly on short covering eliminating variations due merely Closed 35 cents a balo bisher to 25 Cents lower,

July

October

Merch

May

December

July

October December

to price changes. They are pro-

DIESEL OIL FOR ESHANGHAI

Changhai will soon be receiv-

33.81 nominal. paced, by, callmating the value of ing, shipments of imel oil and itado in a current period at the pig iron from Manchitis, accord- prices of a chosen bast year, ing to a report hate. and thus give a "méssure of The first lot of 600 tons of fron changes. In the value at constant) Whe que to be shipped from prices of Imports and exporta, Manchuria

Last week Sevenl

.32,00,

2232

32.71.

32.63

30.79.

30.62 nominal, Midding spot 34 nominal.

"Associated Press.

MENY RUBBER

* New York,” June, 28, Crude rubber, No. 1. futures slored 00, to.93, loper,

September,

December

Boot No 1.

ahnele. 317%, nor

México

Gold

Until the net war it was the hundred tons of oil also pro due practice, la mavé, the base or geon, contained la the East China. forward at forly frequent in Petroleum CorporationUnited

abeyt once every five Press.

yours. In view of the importange

in the early. (post-war y CHICAGO GRAINS Calcago, June 28.)

comporigón - wills, an-irmediate pro-wa-hasp" your that sorteio

has been maintained for longer Thiey Koresh -" developments

China Entertainmenta 140. H.K. Constructions (030) 2.490.

(New) 1.8in.

Harman Investments S/-, * Mariman" (UK) "STORI Shanghai Loan 70. Yangjancy Blig

COTTONA

Ewos 21th, 2624, 2.60mm.

RIBBEN, sle. COMPANIES Alma Belt

1433. Anglo-Dutch 30. Anglo-Jarpa 100. Jatu Anams 100. Bate Plantationa „Gotr. Chemor Unlied Ača.

Cheng Rafters J4b;

Consolidated Hubbers 1115, 1.205. Dumik Rubbers 1.796. Java-Consolidaleti 1050.

Kota Babron' Alb, 2012. Krotwock Naran (00k. Langkat Is.

Padang Rubbers 123.

Bayah Rubbers 104, 20. Rubber. Trusle 2.105,'1.5d1a, Barnakaan "Nubbera 801. Встатьи Пуфет дов Shanghai Kelába" 4345,"

· Shanghai-Malaya 19p. "Hḥanášať" Pukang „506. Shaoghal Bumatra In "Son Mangels" Ibu..

Bungel Duris 115, 180, 17MIL

Tanah Marabé 458, Jebong Rubbers itth; i Zjangbo Robbers 40m.

DUBINERS DONE

(*. Piries kestis ang) - Bank of Kast, dalo 207 at $110.

- Výþenkoek 109 på $91k.

Chias Provides 1,800 a $9.30. 2,911

25.30.

Bhalophal Dock 408 at $289, $1000 d

$2.40. 8,800 x1-12.30, 1.000 ST.. Land 11 at 117 66 at 837 50 a

iL.K. Trata *IDO at #13,-. Chios Light (C4): #09′ x2' 110.. H.E. Zitricis 1,894 at 489, 190 ai bers'

-35 24,80135.

- Tilephone 100 at $11.

Copant $100

US

· Gorh" "235% UpeN (1948), 229.000 AE 99. Asta Nay, 11,500 pt. 10 cents. Trüşle 2,000 at $249, 21hôn st #20h. Sangil Daria 365 at 91735... Kota Dabroe 1,000 st. 93 zinfa.

HK PROCESSING OF RHUBARB

The processing in Hong Kong red a certain mount of al ppung thubich. Com" thình

peliiciam in frasto airpion there, according to a Shongani repmi.

than would shortedly have been orain dominated trading in Large purchases als com-

considered adirlaskie, and a change futures. Man

bid to a post-war barn, your may cautious.. MACK shioknd therefore be regarded sa overdue. BILL. WHEAT SIN

tad bit la, the, make hecessary, states fower

10-WEE

modity were being made, in Timi dors were

„tain.Sos, shipment to Hong Kong This where the cost of - prodeeritig

considerably lower

Boms exporter, contended that Hong

(contrary, to the Government (hline

The Global Mess

› TO HONOLULU & SAN FRANCISCO

"President Cleveland"

"General Gordon”

"President Wilson"

vig JAPAN

Arr. July 14- -

Sails July

Arr. Aug. 1-

Salla Auge: 2

Art, Aug. 3 Balls Apr

TO SAN FRANCISCO & LOS ANGELES

"President Teft" "Facildent Atadisun”

vio JAPAN

Arr. July .........Arr. July · 13

2

Suils Júlp. 3

Balls July 14

TO NEW YORK, BALTIMORE & BOSTON

vio PACIFIC COAST & PANAMA -

"Willamette Victory" "Dartmouth Victory"

...Arr. July 16

Sails July 16

Arr, July 20

Salla July 30

ROUND THE WORLD.

VIA MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAT, KARACHI, BUEZ, PÖRT SAID, ALEXANDRIA, NAPLES, I ́ARSEILLES,' GENOA, NEW YORK and BOSTON

"Marine Snapper"

"President Johnson"

"Mount Davis"

Arr. July 10

Salla July 11

Arr. July 21

Baits July 22

TO JAVA & STRAITS

Arr. July 25

Arr. Aug. 18.

Sails July 20 Sails Aug, 10

"President Fillmore"

St. George's Bldg.

BEN LINE

CHIP "BENALDER" "BENAVON" *"BENVRACKIĖ"

"BENVENUE" "BENDORAN" "BENLÄWERS" "BENATTOW" I'BENALDANACH” "BENCRUACHAN”

"BENAVON" "BENVRACKIE”. "BENLAWERS” "BENCRUACHAN”

"BENDARAN"....

"BENALDER"

"BENVENUE"

"BENATTOW"

PAQ SASS

SAILINGS

ARRIVALS

FROM ‚U.K. vik 'singapore.

on or abt.

.. DUE 30th Juna

18th July 27th July

"29th July

9th Aug.

J4th Avg.

27th Aug.

29th Aug.

12th Sept.

Loading on or abt.

20th July

London, Antwerp, Rotterdam, "Hamburg a Hull.

31st July

16th Sept.

Gonoa, Lo Havre & Liverpool,

18th Aug.

Liverpool,

Glasgow,

4th July

Dublin, Antworp

31st July

31st Aug.

Rotterdam.

↑ Accente Cargo for Japan,

) Omits Hult.

* Accepts Cargo for Hayıs,.

Via Malaya, Colombo, Port: Budan, Aden; and Buez Canal.

· For Further Rarticulars, Apply Zp... W. R. LOXLEY & CO. (CHINA) LTD.

Agents

York Building:

Telophong: 24165...

THE EAST ASIATIC CO., LTD.

M.S. “MALAYA”

LOADING ABOUT 8TH JULY

for

ADEN, PORT SAID, GENOA, 'ANTWERF, ROTTERDAM,

HAMBURG, OSLO, GOTHENBURG, COPENHAGEN & GDYNIA

Tanks 'available for the carriage of oil in bulk

THE EAST ASIATIC CO., LTD.

Queen's Bldg., 2nd floor.

Tel: 24111- M`BALAN

BURNS PHILP

LINE

M.V. “MERKUR”

Sunday, 2nd July thr

| für Mädang, "Las "Robaul, Port Brisbane, Sydney and Melbourría an

GIBB LIV

Apply

CO., LTD.