1950-07-05 — Page 12

RIL

ROYAL

INTEROCEAN

• SINGAPORE, JAVA

PORTS and

MACASSAR

"TEGELDERG" *

"TJITJALENGKA"

"VAN HEUTSZ" **

"TASMAN*****.

ARRIVALS

LINES

SAILINGS

0th July

14th July

9th July

20th July

25th July

25th July

29th July

direct to Singapore, not to Java ports and Machatar

only to Singaporo, Penang & Bel. Dell

"RUYS"

SAILINGS

6th July 0th July

MANILA, EAST &

SOUTH AFRICA &

SOUTH AMERICA

ARRIVALS

"STRAAT BOENDA" *

"TEGELBERG" * *

"TJIKAMPEK"

In Port 4th July

5th Aug.

not calling Manjia and South America

not calling Manito

JAPAN

ARRIVALS SAILINGS

"STRAAT BOENDA"

5th July

Eth July

15th July

TEGELBERG"

."RUYS"

3rd Aug.

Agents: HOLLAND-EAST ASIA LINE

EUROPE vio MANILA

and MALAYA

"LANGLEESCÓT"

"MARIEKERK”

"MELISKERK"

ARRIVALS

SAILINGS

11th July early Aug.

9th July early Aug. early Sept.

Through DI/L farved

to

Moditerranean and Northern

European porta.

JAPAN

"LANGLEEGCOT"

"MARIEKERK"

"MELISKENK"

6th July

early Aug

early Sept.

14th July

Early Aug.

SEKING'S BUILDING,STELEPHONES #52801SETOZZKOITÄ!

APECINIMGADEN SELL CONNAUGHTEROADF GEILLS/109%, ZAMAN JE

RIN

THE

す

JOTKA THE

ISTHMIAN LINE

(I-thmian Steamship Company New York)

DIRECT MONTHLY SAILINGS TO NEW YORK

VIA LOS ANGELES AND PANAMA

"AKTION" "GREENHAVEN TRAILS"

24th July 2nd Sept.

SAILINGS TO SAIGON, BANGKOK & DJAKARTA (BATAVIA)

"STEEL ROVER"

“STEEL ADMIRAL'

ARRIVALS FROM U.S.A.

“STEEL ROVEN" *STEEL ADMIRAL”

28th July

20th Aug,

Suits N. Y. Salls S.F. Duc N.K. Sailed 7th July 27th July 11th July 29th July 19th Aug.

GILMAN & CO.,

Tel: 311-G

LTD..

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

BRITISH

INDIA

STEAM NAVIGATION CO., LTD.

(APCAR LINE)

Offer

SPECIAL ROUND TRIPS TO JAPAN

AT THE REDUCed fares

OF

HK$600.00 (1st Class)-HK$450.00 (2nd Class)

during the Summer Period

from 1st May to 31st October, 1950 Length of voyage approximately 15 days For callings and full particulars apply to

MACKINNON · MACKENZIE & CO.

P. & O. Building

THE CHINA MAIL, WEDNESDAY,

JULY 5, 1950.

FINANCE AND COMMERCE

Hong Kong Stock Exchange

Caution was again the order of

A

Trading in Japanese and German bonds may resume in U.S.

New York, July 3,

thes day and purchases were, or Trading in Gorman and Japanese bonde probably Money

small seale,

the present tense' atmosphere censes-it la un- likely that dentings will increase, Selling pressure is nat éviden- Hotels and Cements Jost, grolind," but Elcetries, init supporters at $21. The undertone is easy.

I.K CONT. LOANG

*5% onu asb. Alert 17san (1934 & 2010) osi, onthed. 3555a Lano (2048) 974.

DANKA 1... ok 127on,

(Lon. Reg.) £779

Chartered Bank 29 6/18%, Mercantile Bank A. 2.1. ETAN. Bank of East Asia, 101,

INSURANCES Criston Inn, 270n.

Union Ina, 1758, 67GKA. Chlum Underwriters 2n,

6. Pies Ins. 16ôn.

SHIPPING

Degimes 160m.

ILK, & M. Gleamboata Itn. Indo Chiana (Prviz. 1620n.

(Def.) .. Shells (Bearer) 65/15.. Union Waterboats 15. Arin Nov. 70.

DOCK, WHARVER, GODOWNA, ELL U.K, & K., Wharwn 1756). North Point Wharves. Bn, " Flymahal. Hongkèm Wharvið 18n. HK, Dirks Ex.Bir. 12% n. Chlás Provideñita 940ni Shanghal Buckyærda 20h, 7.50%. Wheelocka 218.

MININO

Hash Mine 4.700.

JK, Mines 2015m..

LANDS, HOTELS" binos.

B. & 5. Hotch Tlása. B.K. Land' 57

Shanghai Lande 1.20m. Hattabres in.

HK. Benllion 1.9m, *.10e. Chinese Existes 1840.

PUBLIC UTILITIES H.K. Tramwaya 11.400, Ten Tena (0) 10m.

(New) B. Star Parties Cin.

C. Lights (0) 10.10a.

(New)

H.K. Electrics 1188, 206, 21/09/21386- Macan Electrics 11.

}

(New) 16. (11 shares) 10. Sandakan LIghta 82kman- Telephones (Ex.la.) 10.

(E) n.

Shanghai Gas 10.

INDUSTRIALS Cald, Miner, (Ordy) 220. Kanton Teen 14h.

Cements 9110.

B.K. Raper 139..

STORES. Kr.

Dairy Farms. 35'am.

(Ita) b. 19.

Walinne 230.

1. Grayforus 13, Kidéeren 240b.

China Ewporlam 380

Sun Co., Ltd. 1.70m.

Xwong Sang Hoon 72n. Wing On BLK) (26. Wro, Powell,... 8.

MISCELLANEOUS China Entertainments 14.

1.K, Constevictions. (Old) 2400.

(New) 1.300.

Vthro-Pingen

Marsman Investmenta Bn. Mseman (R,K,) 260,

Shanghai Zh

h

RUBBER, sie, COMPANIES Alma Estates 140,

Anglo-Notch 10m.

Anglo-Jata lib. tatu Anamu 16n... Duti Plantation-40b. Chemor United .45p. Cheng Rubbers 18h. Consolidated Rubber 15, Dominion Rubber 120. Java-Caniolliated Conn. Kota ra80b, 354A. Kroewook Invas n. Tingkatan.

J'adang Rubber .10b 5. Repah Rubbers .11b, 184m. Rubber Trusts 3.30h. Samagaga Rubbers „80s, Kemambu Rakhera 26, Shanghai Kedaha tb, 41%xa. Kharikliai Moliya” 10u., Shanghal Pahang 806. Shanghai, Sumatram in.. Sua Manecka. „10n. Bashgel Duria 2734m, Tanah Meraha lib.. Tchong Rublays 12in. Zimilde Bühhogy „Süni

BUSINESS DONE

• Direct phathens) II.K. Hank at $1,26, Union Jm, 45 AL SITO, Shanghat Dock 1,000 at

37

8. Patel $2,000 as $75.

ILK TO 700. $1.

11.K., Cocielo 1000 #12%, dot tzz.

100 at $2394, 800 A4, 621%.

Dairy Farm (Rights) • 240÷£6.319%.

Ewo ide at $2.45, 4298`us #7,60,

Gorts 35% Loin - (1931

$200,000 mi $1815.

Tangtasen *E500 Fat? #2342) Emporiuma 360†AL SAID. Kota Dalios 21,000; at 335^nichte Nepal #,00004; 18Įkerite.

Shanghat Kadaka 1,000 Me Teles

i

Pacific Far East Live, no.

DIRECT --

Fast Regular Trans-Pacific Servico

BAN FRANCISCO, LOB ANGELES

Vensel

*WILIJAM LUCKENBACI”

1.

"PLYING SOUD" •

"JACOB LUCKEN

"TRABLY

· India, Elenila.

Ban Franclare

OTRLAND! NEW YORK-CmCAGO-pernoitro MOTTURAL AND ALL AMERICAN ➡ CANADIAN CITIES,

*July

San Fruselios & Los Ange

Jnly

will be resumed in U.S. financial contrës bë- fore many months have passed. At least, that is the confident prediction of informed Wall Street sources.

Of course, there is a lot of red tape to be unravelled first., But some New York financial author- ties say trading in the former enemy country securities is possible without waiting for long-delayed peace treaties to be signed. Amerien suspended busineså declined, to forecast what pricer dealings in German, Japanese would apply when German and and Italian, bonts on December Japanese bonds are admitted to

Shine trees Ball 12, 1941--five days after Pearl trading Harbour. Trading In Italian might he established at about the bonds resumed after the peace quotations on the sterling sales level us Indon exchange treaty with Italy was conclud-of the two countries. ed.

Market

US dallurs opened yesterday at HK$5.98 nuit went up to 36 at the cluse. These were the lowest

and - Highest pratea.

TT opener at HK$6.03% and Pelosed at $0.04.

K Gold Industrial góki) was down to Ks365 a tuel at the opening yesterday and dropped further to $301.30 xhórlly, after- wards. In the afternoon it drop- ped ngtin to $207.30. but re- covered to $300 at the efose.

Sterling went up 10 cents to HKSI 50.

Australkin pounds were changed at liK$19,20,

AMERICAN

The Global Meet

TO HONOLULU & SAN FRANCISCO

VIA JAPAN

**** Arr. Aug. 3

TO SAN FRANCISCO & LOS

ANGELES

"President Cleveland"

"General GordonTM "President Wilsen"

Art. July 14 Arr. Aug.

Salla July 18 Sollo Aug... Salls Aug. 4

via JAPAN

"President Madison" "President Pierre"

Arr. July 13

Arr. July 25

Salla July 14 Salls July 20

`TO NEW YORK, BALTIMORE & BOSTON við PACIFIC COAST & PANAMA

"villametto Victory" "Dartmouth Victory"

Arr. July 19 ...Arr. July 20 ROUND THE WORLD

Sails Inly 20 Sails July 30

1

AUTO

MAVIA MANILA, SINGAPORE, COLOMBO, COCHIIN, BOMBAY, KARACINI, SUEZ, PORT SAID, ALEXANDRIA, NAPLES, MAKSEILLÉS, GENOA, NEW YORK and BOSTOŃ "Marino Shopper"

Saffs July 11 Sails July 2

Arr, July 16 "President Johnson"........Arr. July 21

TO JAVA & STRAITS

11-1

Plastres ennined nominal at UK$12 Ca 100.

"Mount Davis" "Président Fillmoro".

Ticola at K897.10 a 100, and NEI Guilders at HK$2 a 100, werd unchanged.

unlike the Britain,

Unite 1 Biates, never suspended trading of Nozoliations concerning re-German and Japanese bonds dur- sumption of dealings in securities Ing the war. Last week the Low- of the other, two countries have) dan, exchange quoted Japarisse ('%) - long been under way. Involved Issued in 1907 at 45-1/4 per cent in these conversations have been of Ince value and, German 4-1/2- affelals of the New York Stock bonds of 1030 nt 10-1/2 per cent. Exchange, the Securities and Ex-Associated Press.

change Commission-a Federn.) Government regulatory body-Oc cupation and Government authori ties in Germany, and Jopan, the State Department and. olher American Government agencies.

As in most international affairs. these days, the Ruslans figure in these negotiations, too. How ever, this time it is only in an in direct way and concerning only Germany,

After the Red Army invaded Eastern Germany during the war, around $500,000,000 worth of Ger- man bonds disappeared, financial

NY STOCK EXCHANGE

New York, July 3.

WHEAT CROP IN RED CHINA

San Francisco, July 3, The whent crop in China is expected to total 20,000,000. tons this year, Peking Radio; said tohiglit.

If these expectations materia- iso the crop would be 3,300,000

an increase of 6,000,000 tons, over

The stock market slowly puli-lous more, than that of last year. ed out of a quiet morning decline The general target for 1950 was today,

Closing prices showeil a clear last year's production of all types

of losses running ty of rain. majority

The broadenst added thai this around losses amounted to as much as wheat harvest was due to several

US$ shore. Early

year's expectedl outstanding USSZ. share.

Trading alowed to a normal factors. These were:

(1) Two million more hee-

| informants relats. These sources ate for the first time since, the tares of land were planted with·

the

wheat.

(2) Rainfall had proved time- ly and adequate.

(3) There had been wides-

read application of insectleido and fertiliser,

said the Russians "appropriated" Korea fighting whipped the mar-

ket Inlo the missing bonds.

n lather last week. Turnover a rate of about One reliablo New York inform-

2,000,- Associated told

Press 000,000 shares, well under ant

Friday "We have evidence that within 400 shares on

Helping to eut down business the past six months unsuccessful j

(4) People's Governments at attempts were made in Sweden was the long Fourth of July holi

their all levels had given their assis- mid Switzerland to negotiate lichts planned to string the week-tance to wheat farmers-Router.

day. Some brokers and blic of there misring bands."

end through Tuesday, when the the market will be closed for holiday re

Buyers warned

Prices were quite sensitive to This Informant warned pre-only small offerings, especially for Maersk Yokohama. - Associated sinoctive, buyera of German

bonds to exercise considerable Issues with a triple-A rating. caution, or....“asmebady in going] G Ingers word 'U.S. Steel, i

Motor

St. George's Bldg.

Arr. July 25 Arr. Aug. 18

Sails July 20 Salls Aug. 10, Tel. 28172/5.

BEN LINE

SHIP

"BENALDER" "BENAVON"

BENVRACKIE”

"BENATTOW"

TAXE

FAR LAST

FAON THE

ARRIVALS

FROM

U.K. via Bingapore.

"DENVENUE"

"BENDORAN"

"BENLAWERS"

DENALBANACH" "BENCRUACHAN"

SAILINGS

"BENAVON" }"DENVRACKIE" "BENLAWERS" "BENCRUACHAN".

San Francisco, July, 3. Ship oerivals, July 2

Press,

Treia

“BENDORÄN":

*BENALDER"

"DENVENUE"

"BENATTOW"

MAERSK LINE

Chrysler, Good-

Case

Schenley, Zenith Lockheed,

Telepliane, Rad Smolting.

Ameritiin

[Allių! NOTICE TO CONSIGNEES American New Stock Ex-Chemical, Dupont, Westinghouse,

Santa Fe, Nickel Plate.

to get stung" with invalid Ger-rich, Montgomery Ward, J. 1 man Issues. The Russian-held bonds are the chief obstacle. to resumption of dealings on the change.

Woollen,

The M/V "MARCHEN

having' arrived ⠀ baker,

U.S. Rubber, Sears Rec- from New York and Ports Dow Chemicals, Arnerlean

of call, Consignees of Cargo Amerleau Tobacco.

hereby notified that Dow Jones. Averages;

20 In- are dustrinis 208.31-15.Rails 51.68; 20 their goods are being landed. Unlities 40.70, Stocks 72.93.

and placed at their risk Cloghi qublations:

and expenses into the, North Adanik Express

20% Point Wharves Limited go- Alaska Juneau

2% downs at North Point where -American Cat

102 · delivery may be obtained as 5034 soon as the goods are landed. 162.

25%

Financial circles here gave thi Tendlug higher were Studie- MAERSK" picture of the situation:

Fairteen American banks--11 in New York City, two in Chi- and one In Boston-hola CARO mortgages on some $500,000,000 worit of German bond issues. These banks have formed, i a comTM mittee and retained course).

H

Sinelling Telephone Tobacco Waterworks

The committee is working with the Bonn Government and the U.S. High Commissioner's office to determine which In Germany

Bonds are valld and entitled to This would be nc-

ต by legislation which Anatolia Copper Government has unider Aviation Corn, the

Bonn consklerntion. The law which Baldwin Looomotive may Beedme effective within a Bendix Avlatlon few months, would render, Invalid Bet

Bethlehem Steel

all bonds, talten, from East Ger- Boeing Aircraft

mán

bank vaults by the Russians

or anyone cice.

onactment of the proposed

lordslation, the Bann administra

tion would establish A funheint

coralin Fácile

•Co,

J. I. Case Chrysler

Colgate.......

representative in New York. This Commercial Solvents celal's fob would be to inspeet Corn Products all German bonds hell in this Dj Pont

and

deterraine whether Fautman Kode

were valid or invalid.

and not until then, would steps ho taken to resume trading In these issues on the New York Stock Exchange.

Japanese bonds

General Electric

Motora

Goodrich.” Goodyear..... Homestake Mining: International Harvester

Paper

Tel & „Tel

No question of looted Japanese Johns Manville Bonds cantronts U.S., naneta Kenherols Copper circles erefore, sald un om Montgomery Ward gal of the Forolen. Bondholders National Distillers Frotective Council, Inc., there are

Lead

really Low ‘obatación fo resumption New York Central or trading.

Packard Motors "Trading: Torene bon pennsylvania AR

PAD

American Airways should,

before

German bonde begin

I think," declared this Radio Corp. pokeanman. The Japanese have Remington and indicated they are anxious to ro- Republie Sted. Atore their pre-war credit."

Reynolds Tobacco Council was organised in Schenley

1013

to protect the intérests of fears flochuck US&hvestors, if forelim bonds. Bibit Off CHA financial sources here Socony Vaquim

Americans.

on investor Southern Pacific edwar, and that country

Japan as a good debtor Standard Brands

Oil of Coll Off of N.

before

merit,

the future

{ undalik teeffe would continue, të punktre:MA, Tie Punkte Wuick to trailing; Union Degjojn

Japan If woefully

(the rond 12 Stedi

However

phort of

to confert

Carbide US Rubber

Uies currency into det, der

Lorichatime back and all fruct Landed interest payments on dol

Optional cargo will not be, 011 Innded here, unless notice His 2014 been given 48 hours prior to veasel'a arrival, but carried on from port to port to the final port of call to which the option extonda.

10

4331

30

20

4816

1515

3715

71

41

159

033

7416

No claims will be aämitud after the Goods have left the Godowns, and all goods remain- Ing. undelivered after July 11. 1950, will be subject to rent, All broken, chafed,...

snd -42% damaged Goods are, to be left 4In the Godowns, where they will be examined on July 10, 89141950, at 10 am. by our Sur- veyors, Mesara. Goddard &

3034

204, Douglas

The

35

To comply with the General Bonded Warehouse Regulations consignees must have ha% Re- 53 Venue Offleer in attendance when damaged dutiable goods 42% are examined.,

All claims, must reach u before August 4, 1950, or they, 4 will not be recognised.

40%

26

-72M 2014

No Insurance will be effected.

JESSEN & CO

Agents.

Hong Kong, July 4, 1950.

· NOTICE TO, CONSIGNEES

M. V.

"AENEAS"

44%. Dampked cargo ex this ves- 10% sel Will to surveyed at Holt's 3244-Wharf. between 710 nm, zand -14-Al-noon on July: 6, and '7, 1050,

21 and consigneca, are requested? 864 102 have their representatives

present during the survey, BAND BUTTERFIELD

Canadian Marconi, Ciller Berk Creole-Patroleum,» Kisctric, and share, KASH STARTAL elated Frem

Pliam Kong, July 8, 1950,

on or abt.

14

"

T

London, Antwerp,

Rotterdam,

A Hull.

Hamburg

Genga, Le Havre & ....Liverpool.

Liverpool,

Gissgow,

Dublin, Antwerp & Hotterdam.

DUE

in. Port 10th July 27th July 20th

July 9th Aug. 14th Au

27th Aug.

29th Aug.

12th Sept.

Loading on or abt.

20th July

31st July

17th Aug

18th Sept.

13th Aug

.K/Whart 21st July

31st Aug.

↑ Accepts, Cargo for Japan. •Accepts Cargo for Havre, ) Omi Hull.

Via Malnym, Colombo, Port Sudan, Aden, and Suez Canal, **

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

Agents Fork Building.

Telephono: 34165.-

SWEDISH EAST ASIA

ARRIVALS FROM EUROPE

m.v. "SUMATEA”

mv. “DUKAT”.

m.v. "MINDORO”

12th July 20th July. 28th July

SAILINGS. TO EUROPE

m.v. "SUMATRA"

nky, "MINDORO”.

.30th July ' Mia Aug..

FOR

ADEN, PORT SAID, ALEXANDRIA, GENOA, MARSEILLES, ANTWERP, ROTTERDAM, BREMEN, HAMBURG, COPENHAGEN, OSLO & GOTHENBURG Deeptanks.available for Bulkefl'

GILMAN CO., LTD.

Tel., 31148

THE EAST ASIATIC CO., LTD.

M.S. "MALAYA”

LOADING ABOUT 10th JULY

ADEN, FORT SAID, GENOA, ANTWERP, ROTTERDAM,

GOTHENBURG

COPENHAGEN & GDYNIA

THE EAST ASIATIC CO., LTD.