1950-07-01 — Page 12

R.I.L

ROYAL

INTEROCEAN LINES

SINGAPORE, JAVA

PORTS and

MACASSAR

"VAN HEUTSZ"

"TEGEL DERG".

"TJITJALENGKA"

"TABMAN"

ARRIVALS

9th July

25th July

SAILINGS

1st July

9th July

13th July

20th July

*only to Singapore, Penang A Bel. Dell

⚫ direct to singapore, not to Java ports and Macassar

h

MANILA, EAST &

SOUTH AFRICA &

SOUTH AMERICA

"STRAAT BOENDA"-

"TEGELBERG” * *

"TJIKAMPEK"

"RUYO********

⚫ not calling Manita

JAPAN

"STRAAT SOENDA"

"TEGELBERO"

ARRIVALS

1st July

Gih July

SAILINGS 6th July 9th July

5th Aug,

⚫ not calling Manila and South America

"RUYS"

ARRIVALS

4th July*

8th July

3rd Aug.

SAILINGS

16th July

Agents: HOLLAND-EAST ASIA LINĖ

EUROPE vio MANILA

and MALAYA

"LANGLEESCOT"

ARRIVALS

"MARIEKERK"

early July

"MELISKERK"

carly Aug.

Through B/L faued to

Mediterranean and Northern

European parte.

"LANGLEESCOT"

JAPAN

"MARIEKERK"

"MELISKERK"

8th July

early Aug.

early Sept.

SAILINGS

8th July early Aug. early Bapt.

early July carly Aug.

BAKING'S BUILDING, STELEPHONES:22613 @COVERO 1748 5.

SWEDISH EAST ASIA CO.,LTD.

ARRIVALS FROM EUROPE

m.v. "SUMATRA"

m.v. "DUKAT”

9th July

. 20th July ..28th July

m.v. "MINDORO"

SAILINGS TO EUROPE

m.v. "SUMATRA"

m.v. "MINDORO"

27th July .Mid Aug.

FOB,

ADEN, PORT SAID, GENOA, MARSEILLES, ANTWERP, ROTTERDAM, BREMEN, HAMBURG, COPENHAGEN, OSLO

& GOTHENBURG

Deeptanks available for Bulkoil

GILMAN & CO., LTD.

Tel. 31148

THE EAST ASIATIC CO., LTD.

M.S. "MALAYA

LOADING ABOUT 8TH JULY

for

ADEN, PORT SAID, GENOA, ANTWERP, ROTTERDAM, HAMBURG, OSLO, GOTHENBURG, COPENHAGEN & GDYNIA

Tanks available for the carriage of oll in buik

THE EAST ASIATIC

Queen's Bldg., 2nd feer.

CO., LTD.

Tel. 34111 & 34112

AMERICAN PIONEER LINE

to and from.

Atlantic Coast Ports, of the United States and Far Eastern. Ports NEW LAST CARGO SHIPS ARRIVALS FROM ATLANTIC

"PIONEER WAVE":

"PIONEER LAND”

"PIONEER SEN”

SAILING, TO MANILA. 'PIONEER WAVE (vla Keolang & Yoko-

Hama) G

"PIONEER 'LAND" (Vim Yokohama

Takubar)

"PIONEER SEA” via Keelung, Kobe &

Yokbhaina

Aug. .Aug. 18 Aug. 25

SAILINGS TO NEW YORK, BOSTON, BALTIMORE, PHILADELPINA via JAPAN & PANAMA CANAL

"PIONEER DAY"

NLER' DALF"!:

NEET LAKE"?

JONEER WAVEĽ

Arr, July1 Sails July.

July 10.

DE AUR

Sept. 1977"

Vihar ralge, apegiat information cali

UNITED STATES LINES

Quma's 14. COMPANY Tol. 28198.

k-Indsender, the princient a orti et bodies, and Gerberg,

FINANCE AND

New York Stock Exchange

COMMERCE

U.S. ECONOMIC MISSION FOR PHILIPPINES

Washington, June, 29.

President Harry Truman announced today that

New York, June 29. Stock prices tumbled under It a new blast of selling. Jittery traders dumped stocks on the market in a series of three crippling attacks. Losses ranged from fractions to an extreme of around 10 dollars a share.

he is sonding an economic jurvey commission Money Market

to the Philippines.

will be headed by Daniel W. Bell, Washington banker and former Under Secretory of the Treasury, and General Richard T. Marshall,· President of Virginia Military Institute.

Mr. Bell, aged 69, left the Treasury Department in Jan- uary 1940, to become Pro

Secretary of

the Treasury at the time.

It was the third time this week sident of the American Secur that the market has staggeredity and Trust Company, one under zavage, selling. The quated of Washington's biggest banks. value of all stocks listed has drop He was Under

I this week roughly $1M ped 000. Selling 800. maluly by two factors-nervous- nees over the Korean develop ments and a desire to protect what profits there were left after a one year rise that started

a year ago.

WAS

June

Among the losers were Emerson Radlo, Budd Company Warner Brothers, Sinclair Ou, Radio Cor poration, General Motors and

Chrysler.

Transfers were 3,400,000 shares. Dow Jones averages: Stocks. 72.35: 20 Industrials 206.72; 15 Finils 71.24; 10 Utilities 40.38.

Closing stock quotations:

Adams Express

Alaska Juncau

American Can

20% 2

100

Smelting Telephone

60%2

.150

*

Tobacco Waterworks

O

Anaconda Copper

20

0%

Baldwin Locomotivo

42

Aviation Corp.

Bendix Aviation

Bethlehem Steel

Boeing

J.

Aircraft

Co.

Pacific

Case

Colgate

Chrysler

Commercial Solvent

Corn Products

Du Pont

General Electric

Goodrich

Motore

Goodyear ...

Homestake Mining

International Harvester

Paper

Tel & Tol

Johns Manvie Kennecolt Copper Montgomery Ward National Distillers

Land

New York Central Packard Motors

Pan American Airways

Pennsylvania RR

Radio Corp.

A

Remington Rand Republic Steel Reynolds Tobacco Shell Oil

Socony Vacuum Southern Pacifie Standard Brands

In the 1934-39 period. Mr. Beil was President Roosevelt's actipu budget director,

Hong Kong Stock Exchange

The week's trading waş in-

Mr. Marshall said he hoped the mission would be successful influenced by the Korean situation. further solving the Islands) pro- and after the initial shock the

market showed a calm and hope ful seniknent. Local Industriais

blems.

"I always have been eager

10

serve the Islands' interests us har were steady and closed fraction been the United States," Mr. Mur- shall said.

ally higher with support for most. lasuce, while Rubbers, though showing only modest activity, were usually in deuiarid. Banks Mr.And Uplons

remained quietly stendy and closed with buyers.. - H.K. GOFT. LOANS * Loan 086, 0% Loan (1954 &-1940) (990.

He expects to leave with Bell for Manila about July 8. He did not know how long they! would stay in the Islands blit hopes to return to Virginia MI!!- tary Institute for the opening of school on September 6.

When Mr. Truman announced

05% that Mr. Bell was heading the mission, the banker was in the midst of a conference.

9% Completed by Soptember

24 It was understood that Mr. Balf 27 | required, as

condition of & 48 accepting the assignment, that the 15% work must be completed by 371⁄2 September so he can roturn to 701% his banking duties. ·

3 Loan (1948) 19m. WARKE

IL.K.- & B. Bank 12605,

n (Lon Bar) £716. Chartered Bank 49 1/160. Mercantile, Pank A. & D. £tz1⁄4.. Bank of Yari Aala 10rb.

INSURANCES Canton Izu, 110a.

Union Ins, £ID.

China Underwriters, an.

H.. Fire Ins. 1506; 1904.

BUTIPPING

Douglase 150.

HK, & M. Blewboats iin. Indo Chinas (Prod.) 21 sham 16.10

(Def)#1kbaren 151. Bhells (Demrer) 43/1.

..Union Waterbúnia 180.

Aula Nov; .6TISE.

Com-..DOCKS, WHARVES, GODOWNS, Etc.

Other members of the 4514 mission, variously estimated from 10 to 29, are being selected and

for security 444 cloured

now, The mission also is taking along information officer.

Filipinos bere, greeted the pro- Ject enthusiastically,

85

8514

Bs

48%

3914

254

Joaquin

4014

Elizalde and other offelals felt the

43%

54

53

21

42

11 mission would be successful in helping solve the Islands' econo- mic problems.

Senator Madrigal, who is re- turning to Manila shortly, sold the mission would open new ap- 11proaches to the Telands' problems.

314

Mr. Truman at his news con- 144 foronce said the mission had been! under consideration ever ainçe President Quirino asked such ald. The Fresident said there had been pro-

18

11

34

30 delay because-of-the-

blem of acquiring suitable per- sonnel. He said all inter-depart- mental difcullies had boen iron-

10

50

ed out and the mission's work would progress speedily.-Asso.

Olf of Calif.

00

Oll of N. J.

72

clated PresS.

Studebaker

201

Union Bag

2014

M

Carbide

45.

US Rubber

H

38% MARKETS CLOSED

NEXT TUESDAY

14% Westinghouse

JO Youngstown Sheet & Tube, 85% Gen. Pub. Utilities

15%

Associated Press.

NOTICE TO CONSIGNEES Consignees Fer

1.5. “BENALDER"

New York, June 20. All thancial and commodity markels throughout the United States will be closed on Tuesday,

· [, July, 4.

are hereby notified that their cargo is being discharged into the Hong Kong & Kowloon Wharf & Godown" Ca'a go- down, where it will be at Cón- signees' risk and subject to the Wharfe terms and conditiota of storage, and where delivery, may be obtained.

Damaged packages are to be left in the Godowns for exam ination by Consignees and the Company Surveyors Meters Carmichael Clarke, at 10 a.m. on July 5, 1900,

Canadian groin and security] exchanges, and European markets) will be open as usualAssociate ad Press.

NOTICE TO CONSIGNEES

8.5. "MANGARELLA” Having arrived Hong Kong consignees of cargo, aze hereby nofided, that all goods have beart landed and placed at their risk and expense into the go-" downs of the China Provident L. & M. Co., Ltd., where de Iivery may be obtained a soon as the goods "are" landed.

No claims will be admitted after the goods have left the godowng or failure to affond the survey.

H.K. & K Wharven 77. North Polas Wharved. In.

Skashal' Mongkow - Wharvon. Ion, ' ELK. Ducks 15, 15.

China Ryorkients 1300, 0x00, *** Shanghai Dockyarda 270b. Wheelocka 216, 220, 2215cm.

MINING

Raub Mine 4.70m."

ZLE, B 013.

·LANDS, BUTELS & ELDGS:/

11. & 8, Bolela '8.107.

I.K. Landa. 17b,

Bhansħal Lands 120m. Hamphiers 8.40%.

‚I.K., Bealer, 1,505, 2.10s.

Chinave Existra` 1245.

PUBLIC' UTILITIES

HK. TransWAYN

11206, 1135#, 11/11.10/8ian, Teak Trams (Ola) 150.

(New) B.

*Star Ferriin 507.

C. Lights (Old) 10b, 10/10.10m,

(New) Tb. 7,80%.

"

#. Electrics 21%, 22949, 2xS. Matto Elvetica" 11.

**

(N) 10.

( shares) 101%0. Bandakan ahl" %%n. Telephones "(Ex.Kia) 10%án.

N * (13tu.) „B071.

Shanghai 11.

DE INDUSTRIALE

Call, Macm. (Or) 424) Canton fee, SIGN.

Cements 101 10.10/10/2002, BLIC Ropes 18

**AGEN STORES, Etc. Daby 'Tarm"21356, '(RM)▼SD.

Walaces 114b.za.

L. Crawfords Ex.Div. 18%, 19. Binteres? 2.30k.

Colon Emporium On..

Sun Co. Ltd, 1.78n.

Khong Hang Hàng than

W Powell, L64, 20

MISCELLANEOUS China Entertainmenta" sunt 155. Copatrnetičasu (038):8.400,

(New) 120.

Vikto ́ Plings ́16,351). MATHSAI: Lnvestments_t/in.. Marrian (1,3)|,769] Shinitist Láan .205.", Yangtzer zijn.

Evo 1,

COTTON

UBER, M. COMPANIES Almaaten 16.

• Arielo-Duloh 2200. Anglo-Jayka 13n. Bala Apama „10). Bole Plantations 403, Ghior Unlim Chinx, Rabbetw2105, ** "Consolídafyd” Rabbers #15h, 1,40m

·Dominiük Rubbers" 2.20%.

Kota Babipe: shhur ja

· Krogmock Javgu" 2160.-

• Lavakata' In Fadang, Rabljem 110%, 5 Høpsh, Hubbetu..176. Rubber Trükid, RJDO.

To comply with the General |Bonded Warehouse Regulations")

Conalgnees must have • RiAll broken, chafed and dam-Bankers Laser 15. Venue Officer in attendance aged goods are to be left in the #manba: Rubbers” son. when damagba, dutiable "Foods

( ́Shanghai- Nedaba -8.19h. |ate exskilden.

| No claims will to ado

stter the goods have left steamers, Koslowns, goods remaining after -July : 6,151960, will subject to rent,

*All datma against the sto

er must: 320 Pic undersignod

July 30, 1950,- or kos be, recognized.

godown, where Hiny, will be examined in the prosanca-Of O EMERITAT Talang "ooh. Mesurs. Goddard and Douglas on July 4, 1000, at 10 am.. To comply with the. Generál Bonded Warehouse Regula tions, consigntor must háTO,{a,

BUA MAREKLARAT „Bangsí, Duela 22745 ml.

Taking, Kažkuri):106.3

MAGURUDINESE DOMK"

mug Officer; in attendance

examining damaged their wheelock 849_n 13155! goods.". All elk his' ugairiai] raskel must be presentët

China Provident 100 al 43.36. -13-5,- Trent #1900, 21011, 180, ai. $11. VANN 33 $13.10, 9209 AL 113,10,1490

US dollars

recovered fron their two-day drop yesterday when. after opening at HKSS, climbed back to $0.05% after lunch time. At the close' the rato was $0.04%.

דני

to

opened at HK$86.03, climbed $6.08, and closed at $6.06.

K Gold (industrial gold) had

The Global Fieri.

TO HONOLULU & SAN FRANCISCO

"President_Cleveland” "General flordon" "Fresident Wilson"

vio JAPAN

Art. July 14 - Balls July 15 Arr. Aug. 1. Salls Ang. Akt. Aug. 3 Salls Aus

TO SAN FRANCISCO & LOS ANGELES via JAPAN "President Taft”"

Arr. July 2 "President Madison"! .............Arr. July 13

Sajid July, 3 Balli July '14

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

"Willametto Victory" hectic day yesterday. Opening Dartmouth Victory”

af HK$284.50 a tacl, rates fluc

luated within a few points úp and down until after lunch 'tiris, when rumours of Russian mobi- lization at once sent the price up to

to 301. Even at the close of the market the rate was still maintained at $297.

Storling

HK315.42.

wns" down a cent ol

Australian pounds were. Un-} changed at $12.30, HK$12 ≈ 100.

Plustres remained nominal at

100, and HK 2 o 100,

Ticals at HK$27.00 a NEI Guilders at were unchanged.

Importation of slot,

Aer. July 15

Salls July 16

Arr. July 29

Salls July 20

ROUND THE WORLD

VIA MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAY, KARACHI, SUEZ, FORT SAID, ALEXANDRIA, NAPLES, MARSEILLES, GENOA, NEW YORK and PPSTON

"Marine Snopper"". "President Johnson"

............. Atr. July 10 Arr. July 21

Salla July 11

Salts July 22

TO JAVA & STRAITS

Arr, July 25 Arr. Aug. 18

Sails July 20

Sails Aug. 10

Tel. 28175/5

"Mount Davis” "President Fillmore" St. George's Bldg.

machines BENLINE

Importation of slot machines re- quires the permission of the Director of Commerce and Indus- try, it was officially announced! yesterday.

An order by the "Governor-in- Council prohibited the importation of any automatic machine" except by an import permit..

Automalle machine is omcially dalibed as any mechanical device which is designed, on Insertion of

disc any coin.

to or other object. rolease

or set in motion any ball, projectile or other object, or to enable

any person, by means of any lever, button, or spring, ta manipulate or control the move- ment of any ball, projectile ór other object, or to effect the pro- duction to the manipulator of any ebin

or articlo whatsoever; or to produce the sound of

music speech.

The Order does not apply to any automatic machine which is do- solely for the purpose of aigned sole recording the weight of any per con or thing placed thereon, or for purpose of producing postage stamps, elgarettes, non-alcoholle beverages, chocolate Or other foodstuffs to the value of the coins inserted in such machine.

the

PI TO RELAX CONTROLS?

OF

Manila, June 20. The Philippines' import con- trol and exchange control laws may soon be liberalised In view of the emergency created by the Korean war and its international Tepercussions.

The controls had been designed primarily 10 conservo dollars, but there is now strong agilation In Congressional and Govers- ment elicles to relax ontrols in order to assure the Philippines

of adequate supplies of foodstuffs and other commodities the im-

Surgeon of which is drastically

by oxlation controls. House of Representatives Committee on CommercO Rød Industry, in a public bearing. agreed in principle to liberalise: controls-United Fress.

COTTON FUTURES

deal

SHIP

*BENÁLDER" "BENAVON"

'DENYRACKIE”

“DENVENUE"

"BENDORAN"

"BENLAWERS” "BENATTOW"

BENALBANACH” "BENGRUACHAN"

"BENAVON"

"BENVRACKIE" "BENLAWERS": "BENCRUACHAN”

FAB

ARRIVALS

FROM LK. via Singapore,

SAILINGS

on or abl

OUR In Port

16th July 27th July 29th

July

9th Aug. 14th Aug.

27th Aud

20th Aug.

12th Sept.

Loading on or alte

goth July

London, Antwerp, Rotterdam. Hamburg & Hull".

Stat July

17th Aug

16th Sept.

Ganon, Le Havre &

18th Aug.

Glasgow. Dublin, Antwerp Rotterdam:

4th July

$1st July

31st Aug.

"BENPORAN" ....Liverpool,

**BENALDER"

"BENVENUE"

"BENATTOW".

Liverpools

† Accepts. Cargo for Japan. •Accepta Cargo for Havre.

) Omit Hull.

Via Malaya, Colòmbo, Port "Budan, 'Aden, and Suez Canal, For Further Particulars, Apply Town

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

Agents Yark Building.

Telephone: 24165.

ISTHMIAN LINE

(Isthmian Steamship Company: New Kerk)

DIRECT MONTHLY SAILINGS TO NEW YORK

VIA LOS ANGELES AND PANAMA LAMA. AKTION”

„24th July "GREENHAVEN TRAILS"

2nd Sep

for

Tank, OIL.”

BANGKOK &

SAILINGS TO

B DJAKARTA (BATAVIA)

New York, June 20 Cotton Futures moved over wider field under nervous ings, with For East developmenta 'STEEL SEAFARRE” dominating the market Liquida-BTEEL BOVERZN tion and bedging pushed prices, “STEEL ADMIRAL" down as much as a dollar a bale In early dealings, but a feier Tone develped inter on short covering.

Futures closed 55 to 85 cents a bale

higher. July October December March

July

October

Déceinber

23.05. 32.03.

32.85-30. 32.89 22.76

32.40 nominal.

30.00 nominal,

30.74 tipmfabl,

· Middling "spot. §. 34.93 nominal.

----Associated Prose."""

AN TRAI

“ÉLTING SCUD* €

STEEL SEAFARER” 'STEEL ROVET” *STEEL ADMIRALT

VALS FROM U.S.A.

2nd July

23rd Joly

20th Aug.

"Sails N. Y. ́ ́ ́Balla S.F. Das HLX. Salled Sailed * 2nd Jölý Sallod • 5th July 28th July 11th July 29th July 18th Aug:

GILMAN & CO., LTD.

Tel: 31148

Freight Agents:-- HIN FAT-I

Bals: 25823, 25653 44 23483.

CO., LTDS

Pacific Far East Live Inc.

Fast Regular Trans-Pacific

*NEW YORK-CHICAG „MOTREAL, AND ALU