1950-07-08 — Page 11

R. I. L.

ROYAL

INTEROCEAN

℗ SINGAPORE, JAYA

PORTS and MACASSAR

“TEGELBERG" *

"TJITJALENGKA"

"VAN HEUTSZ" **

"TASMAN"

direct to Singapore, not t

LINES

ARRIVALS

9th July

SAILINGS

9th July 14th July

20th July

26th July

25th July

20th July

Java porta and Macassar

** only to Singapore, Penang & Bal. Doll

MANILA, EAST &

SOUTH AFRICA & .

SOUTH AMERICA

ARRIVALS

SAILINGS

"STRAAT SOENDA”:

In Port

"TEGELBERG" • •

*RUYS"

in Port

7th July 9th July 5th Aug.

⚫nol calling Manila and Bouth America ⚫ not calling Manila

JAPAN

"TEGELBERG"

"TJIKAMPER"

ARRIVALS SAILINGS

9th July

In Port

13th July 15th July

"AUYS"

3rd Aug.

Agents: HOLLAND-EAST ASIA LINE

EUROPE via MANILA

and MALAYA

"LANGLEESCOT"

"MARIEKERK"

ARRIVALS

SAILINGS

"MELISKERK"

11th July Carly Aug.

11th July early Aug, carly Bopt.

Through OT/L Inoued

to

Mediterranean and Northern

European ports.

JAPAN

"LANGLEEBCOT"

"MARIEKERK"

"MELISKERK"

12th July **

carly Aug.

carly, Sept.

14th July carly Aug.

ESIKINGSABUILDINGSTELEPHONES: 24015STOPERI TERS

CHINESE VENISEKRE CONNATIGHTENJADECE BLASIUMMERULER

ROZEN TRE

ISTHMIAN LINE

(Jethmian Steamship Company Now York)

DIRECT MONTHLY SAILINGS TO NEW YORK VIA LOS ANGELES AND PANAMA "AKTION" "GREENHAVEN TRAILS"

SAILINGS TO SAIGON, BANGKOK

DJAKARTA (BATAVIA)

*STEEL ROVER"

STEEL ADMIRAL”

ARRIVALS FROM U.S.A.

STEEL ROVER"

"STEEL ADMIRAL”

Sally N. Y. Salled

24th July

2nd Sept.

&

.2811 July ..20th Aug.

Sails S.F. Duo H.R. 7th July 27th July 11th July 29th July 19th Aug.

GILMAN & CO.,

Tel: 31148

LTD.

Chinese Freight Agents:- HIN FAT & CO., LTD.

Tel: 28823, 25553 & 23183.

SWEDISH EAST ASIA CO.LTD.

ARRIVALS FROM EUROPE

m.r. "SUMATRA"

12th July

m.v. "DUKAT"

.18th July

m.v. "MINDORO"

.28th July

SAILINGS TO EUROPE

m.v. "SUMATRA"

.30th July

mv. "MINDORO"

.Mid Aug.

FOR

ADEN, PORT SAID, ALEXANDRIA, GENOA, MARSEILLES, ANTWERP, ROTTERDAM, BREMEN, HAMBURG, COPENHAGEN, OSLO & GOTHENBURG Deeptanks avaliable for Buikoli

GILMAN & CO., LTD.

Tel. 51148

HOLLAND-EAST ASIA LINE

M. S. “LANGLEESCOT

LOADING 11th JULY

FOR

MANILA, SINGAPORE, COLOMBO, ADEN, SUEZ, PORT SAID "ALEXANDRIA"," GENOA, MARSEILLES, ANTWERP, ROTTERDAM, AMSTERDAM, HAMBUR

COPENHAGEN, GOTHENBURG and OSLO

Agents:

ROYAL INTEROCEAN LINES.

King's, Building,, Connaught Road.

"23018"~ 28016, 38017,

THE CHÍNA MAIL, SATURDAY, JULY 8, 1950.

INANCE. AND

Hong Kong Stock Exchange

Developments in Korea continue to influence share movements. calf- Operators are adopting a tions and hesitant attitude with the result that trading is small and unimportant. It seems likely wifi of affairs that this state continue until confidence restored and an Incentive to take Unions position" is created, were wanted at $580 on bear covering and Investment buying, and Electrles changed hands t $214. None of the others at- tracted much attention and after an uneventful day the market closed dull.

H.K. Govt. Loanu 4 Loan DB, 22 Dont Llunt & 19koj Dugăm. * Loan (1948) 99.

Banka

ILK. H. Bank 1265,

( nr.) 17. Chartered Bank £9 3/16n. Mercantile Bank A. à 1, £223, Hank of East Asin 10th,

Insurancom

Canton Tos. 2455.

Union The GTCH, 5908, 1802m. Chino Underwriters on. 1.K. Fire Ira, 1605.

Shipping

Douglas 150n.

IX. & M. Stemmbaale Ja inền Chinma (Prof.) 16.700.

(Def.) aba. Shell (emprej 63/0.. Union Waterbeats 191. Asia Nav, tüb. .G?!ham

Docka. Wharves, Godowns, Etc.

JK, 2 K. Wharvin Da,

North Point Wharves Pn.

Shanghai Hongkiw. Wharvos by.

H.K. Dorks Ex.Div. 125 m. China Providente P.800. Sheoghol Dockyards 2.706, 2.00KR, Wheelock 16, 21.

Mining

Haul Mines 4.70%. ILK. Min 01.

Lands, Hotels & Bldgs, I. S. Hotels 7% n. 1. Lands 27.

Shanghai Lunda 1.200. Humphreys 1.

1.K. Reitler 1.90%, 3.10. Clear Patates 1945.

Public Utilities 1.K. Tenways 11,50%. Peak Truna (OM) 15m.

(New) on. Star Ferrles GEN

C. Dighla (Old) 9,954,

(New) 8.90n.

ILK. Ricetrics 2013, 25, in Maçao Electries 115.

(New) 10%.

(Bonus 6b.) 101⁄4m Sundakan Light Bin, Telephones (Ex.1m) 191⁄4n.

(Rs.) 201, Shanghai Cu 15m.

Industriala Cald, Mark. (Ord.) 24. Canton Tees 3150. Cemetil Bn.

K. Kopes 18n.

Store, Etc. Dairy Farma-158.

Fri. 8. Watson 218.

1. Crawford 196. Hincare 2

Chiun Emperium, #5. Bun Co., Ltd. 1.70m, Kwong Bang Hone 18n. Wing On (I.K.) E. Wm. Powell, Ltd. an.

Miscellaneous

China Entertainmenia 14n." H., Constractions (Old) 2.AUM,

(New) 1.000.

Vibro Pilinas 11351 Mareman Investimenta 9/-0. Hazamani (LK.) 16m. Shanghai Lan 70. Yangtane 21,

Cottons

Enos 2.500, 2,700.

BUSINESS DONE (Direct business) · Union Ins. O AL 360, Wheelock 100 at 32114. Shunghat Dock *500 at $2.80, IK, Tram 100 a $73. China Light (013) 100 41 $9.90,

at $5.00.

H.K. Electric 200 ml $21. Telephone (Illxfilm) 1,000 al 20 cents. Faro *500 ml $2.70. Aala Nav. 1,500 at 67% cents.

COMMERCE

RUSSIAN GRAIN OFFER LEADS TO SUSPICIONS

Genova, July 7,

The Russians

Once again grain is in politics.

have told the world through the United. Na- tions Economic Commission for Europe that they are prepared to sell a large but unspeci- fied amount of groin to Western Europe, in addition to the amounts already moving under bilateral trade agroomonts. Nobody knows yet what the Russians' terms will be, but the West assumes that they will in- clude a large element of some political con- cession, or propaganda advantage for the Communist cause.

30

N.Y. Stock Exchange

New York, July 6.

A general rally in the stock market get through its second day today. Cuths were small but widespread. Pressure on either alde was never very strong, but toward the close demand facied and prices closed a shado y the best levels. below. Western Western European govern- | @gure

Traders generally kept thely grain experts ments and the United States have fur set, $300,000,000 commitments low as they waited be for clarification of the Korean have several important factors worth of purchases could

made in Russia, no responsible situation. affecting Europe's grain sup- Western government can

afford Six hundred and eighty-five plies to evaluate. Crops this to overlook such a possibility. Issues advanced and 184 declin- year, according to the latest

Four explanations of what the cd. Transfers totalled 1.570.000 estimates, are going to be the | Russlang are after

been shares. | suggested, best since the war.

Amann gainers were Willys The simplest theory is that the Overland, Curtles Wright, Amer!- It must always be remembered

cm Woollen.

Warner Brothers that, although both bread grains Russinng bellove substantial pro- em

food--paganda advantage would be ob-Pictures. North American Avia- and grain for animal

bur-tained by showing the working tion. sonrse grains such as corn,

Dow ley; rye and ants are grent in classes of the West that Russla

Junes Averages: Stocks ternationally traded commodities, can be a great provider, the 74.01; 20 Industrials 210.85; 15 most of the world's

for gratis Russians used grain

Pro-Rails 53.03: in Utilities 11.09. caten by man or beast very close paganda in Italy sel France Closing quotations! to where i grows. Europe is the during the immediate post-war Adums world's greatest deflelt aren; and period, delivering small amounts Alaska Ven Europe grows in normal with enormous funfure to populo-American Can. Years nearly four-fths

really suffering for troit It needs,

of the tions then

luck of brend.

have

"

Groat provider

But the West is not really sut- vat

Western Europe's prospeels ore for crops as big as or slight larger than those of 1938. Western Europe's population is at least 10 per cent greater than it was in 1938.

Imbalance of trade

AMERICANE PRESIDENT LINES

The Global Flees)

TO HONOLULU & SAN FRANCISCO

vio JAPAN

*President Cleveland"

Arr. July 14

Sails July 15

"General- Gardon” "President Wilson"

Arr. Aug. 1

Salls Aug. 2

Arr. Aug. 3

Sails Aug. 4

TO SAN FRANCISCO & LOS ANGELES

"President Madison" "President Pierce"

via JAPAN

..Arr. July 13 Arr. July 28

Salls July 14

Sails July, 29

TO NEW YORK, BALTIMORE & BOSTON. via PACIFIC COAST & PANAMA

"Willametto Victory" "Dartmouth Victory"

Arr. July 19

Sulle July 20

... Arr. July 29

Salls July 20

ROUND THE WORLD

VIA MANILA, SINGAPORE, 'COLOMBO, COCHIN, "BOMBAY, KARACHI, SUEZ, FORT SAID, ALEXANDÍLIA, NAPLES, MARSEILLES, GENOA, NEW YORK and BOSTON

"Marino Snapper" “President Jolinson"

Arr. July 10 ...Arr. July 21

Sails July 11

Snils July 22

TO JAVA & STRAITS

"Mount Davis" "President Fillmore"

St. George's Bldg.

Arr. July 25 ........arr. Aug. 18

Salls July 20

Sails Aug. 19

Tol. 28172/5.

BEN LINE

TO AND

PAR SAST

2014

215

.10134

Smelting

52

Telephone Tobacca

.1514 057%

Waterworks

30%

3014

-10%4

40%

30%

28.

49.

1531

38TH

101%

SHIP "BENAVON"

U.K. vla Bingapore

"BENVRACKIE"

on or abt.

27th July

76

"BENVENUE"

29th July

"GENDORÁN"

T+

9th Aug.

"DENLAWERS"

14th Aug.

27th Aug.

29th Aug.

#1

12th Bápi.

SAILINGS

fering for luck of bread any Anaconda Copper

Besides, the coarse Aviation Corp. more. grains ате caten mostly by Baldwin Locomotive animals, not voters. The "great Bendix Aviation provider" explanation is not Bethlehem Steel Every general survey of Euro-given much weight.

Boeing Aircraft Dean economic problems hus em- A second explation is that the Bordon Co. phasised that this failure of Russians want to make the West Canadian Pacifie agricultural output to keep pace dependent on Eastern supplles so

1. Case with population growth is one of that a threat of cutting off such Chrysler

explaining supplies might at some future the major factors Europe's continuing difficulties in date be used for pollucal

pura Solvents balancing her oversens accounts. poses. The dependence In-Corn Products It seems probable that for several volved woulți bo so meagre that Du Pant

Western years at least

Europe few. economists give this exple-Eastman Kodak will need to import 11,000,000 tonation any credence,

Socony Vueuum A second explanation is that the Southern Pacile. 13.000.000 tons of breat grains had ruughly the same amounts Russians intend to use grains Standard Brands

bait to get concessions from the Tito more of this requirement Western countries on ilsts of that can be filled by swapping in- strategic goods, exports of which dustrial products for grain with to Communist Europe nov ure Eastern Europe, the more dollars prohibited, and other non-European curren-:

This

explanation of Soviet toe- cles the Western countries will ties is consistent with experience. other Its weakness it that some of the have with which to buy raw materials, foods and manu- countries most interested in buy-

of coarse gruins,

when

Or

4312

20

"BENATTOW"

BENALBANACH" ""BENCRUACHAN"

Oll of Calif,

+

Oll of N, J. Studebake Union Bag

Carbide US Rubber

74.

30%

2044

"BENAVON"

Steel

33

"BENVRACKIE”

Llaes

14%

"BENLAWERB"

019

10%

"BENDORAN"

4544

8614

80%

49

"BENVENUE"

"BENATTOW"

factured goods

Marshalling grain from the East either do Westinghouse Plan aid is ended. Many Euro- not maintain restricted lists Youngstown Sheet & Tube

just as they enforce such lists peaus see the problem

In per Gen. Pub. Utilities functory fashion.

General Electric simply as that,

www.Mators Western European Importing Finally, and most subtle of all. countries' requirements for wheat in n theory that the Russians are Gondeleh are covered to the extent of 10,- trying to create a situation in Goodyear . 500,000 tons by their commit.

which the United States will be Homestake Mining mants under the International forced to object to the conclu International Harvester Wheat Agreement to purchase sion of an East-West European

Paper givert qunothies from the export grain agreement. This would bo

Tel & Tel ing countries adhering that thetic of creating an actual situa- accord Russia is not one of ion to correspond to what the those exporters. France has a Russians say already exists, quota of only 90,000 tons in this agreement, although France this year, according to a recent. cs- timate at Andre Philip in his speech to the B.C.E, may have 3,000,000 tons for export.

the

Coarse grains

-0.1

Call by U.S. rubber industry

Nine tyre and rubber company executives laid the request be- fore, President Harry Truman's assistant, John Steelman.

Johns Manvills Kennecott Copper Montgomery Ward National Distillers

*Lead ... New York Central..

"BENCRUACHAN”

ARRIVALS

FROM

DUE

13th July

London, Antwerp, Rotterdam, Hamburg

& Hull.

Leading on or abt.

17th July,

31st July

17th Aug

16th Sept.

{

Ganoa, Le Havre

13th Aug.

Liverpool, Glasgowe

S1st July

31st Aug.

Liverpool,

Dublin, Antwerp Rotterdam.

† Accepts Cargo for Japan.

Omita Hut.

Via Malaya, Colombo, Port Sudan, Aden, and Suez Canal,

For Further Particulars, Apply To

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

Agents

42

413%

585

4%%

.12.

Packard Motors

3

Yerk Bullding.

Pun American Airwayn

075

10%

11/

74

34%

Curb

Pennsylvania RR Ballo Corp. Remington Rand Republie Sicel Schenley

Sears Roebuck Shell Oil

·

Ball bonds advanced.

*

Money Market

Mr. Stoolman told them he would pass their proposals on to US dollars climbed back to Stuart Symington, Chairman of HK$6.00% yesterday afternoon the National Security Resources opening at $8.02 which was the lowest rate of the day. At the Board.

It seems unlikely, therefore, that any large unfulfilled

Washington, July 6. quirements of wheat will exist

Representatives of the Amer- In Western Europe as long us the ican rubber industry today ask- International Grain Agreemented the Government to reopen Is In force; presumably up to the inmediately some laid-up war- crop years 1953-54,

time synthetic. rubber plants.

They also asked for steps to gainers included Cities Service, it is for coarse grains thut protect natural rubber supplies Creole Petroleum, Northrop Air- Westen Europe might, turn to from the spreading threat of craft, Pontepec Oll. Solar Air-

East, No International | Communism in the Far East. craft Associated Press. ngreement exists Onl coarse 100 grains, In 1910-19 the Western countries imported about 6,500,- 000 tons of course grains, of which roughly 35 per cent come from the United States, 31 per 'cent from Argentina, 12 per cent 'from Itustia and Eastern Europe, six per cent from Australia, Ava

TT opened miscellaneous been studying the possibility of

at $0.08 aryl reopening synthetic rubber plants, closed at $0.12, these being the But this was not nearly so-Associated Press.

Lowest and highest rates. The London stock exchange much as Europe firmed as a result of Improve-dollar areas been available. There ment in Unlied Kingdom gold- is a margin between current pur- dollar reserves.

chases and requirements Industrials, oils, and coppers 4,000,000 to 4,000,000

New York, July 0. tons, Bot edged' forward a bit.

counting possible shifts from The Allis-Chalmers Manufue- Gilt-edged opened stronger other supply sources, for which turing Co. announced it would than on Wednesday but had thed Russia can bargain.

begin manufacture and assembling most of their gains by closing Now this is not an item that of tractors and combines at its

is going ta solve

Western Southampton and Stamford, Eng Europe's, dollar problem. It is land; branches. In September

LONDON STOCKS per cent from Canada and 10 per The Government has already close the rute was 36.00.

.cent from

London, July 0.

per

arcas.

would hav

K Goldd (industrini gold) epened al HK$298

started off a bit skittish but bought had supplies from non-U.S. FACTORIES IN dropped to $205 and closed at

time.

Gold mining shares were, on the brighter side but did, not maintain their promising Begib-| 'dings.·

Financial Times index 111.2 Associated Press)

000,

of

ENGLAND

a matter on a scale of $500,000,-

The

company

recently added: Europe's dollar problem is the Stamford. factory to lis Brl- or a schle of $3 billion.

eh operations, which previously But if $100,000,000 or $200,- consisted only of assembling trac '000,000 or, ## the maximum i tors—Azisociated Press.

Pacific Far East Live, Inc.

Fast Regular Trans-Pacific Service

SAN, FRANCIJOD, LOS ANGELED-

QVBILAND NEW YORK-CHIVAGO-DETROIT-TORUNTO, MOTREÁL AND ALL AMERICAN CANADIAN CITIES.

Are

In peri

Joly:

"JACOB LUCKENBACHO

Zalia, Miralty

Dan Francis

July

Bin Frouzšten. & Las, Anasios „ via Japan DPM

Ban Francles #:În Augalos

via Kaba: HERED

San Franciéce & Lee „Anretan.

– Bais, Francisey & Los 'Argsm

$297.50 before the timin interval. I re-opened at $292.50 but climbed back to $290.30 at the close.

Sterling made a 22-cent climb to HK$15.70 Australian

pounds

.dropped back two cents to HK$12.33.

Plastres remained nominal of HK$12 a 100.

Ticals at HK$27.20 a 100, and NEI Guilders at HK$2 a 100, were unchanged.

NY COTTON

New York, July 0. Cotton, futures were sicudy. in alow dealings. (Closed 25 cents a bale lower to 25 cents higher.

July

39.70, bld.' October

33.31. 33.24-25. 33.20,

December

Murchi

May.

July

**

October

31,30 nombol 31.20 nembiak 33.05 nominal. ---Assoeviated Press.

December Middling spot

NY. RUBBER

New York, July 0. Criute rubber "Net Fa futures. closed, HK$1.50 to 1.10 latter. |

September December:

March

30.00---10.

No. 1 ribbert, smoked, shente hroefaled: Prees›

Telophone: 34165,

THE EAST ASIATIC CO., LTD.

M.S. "MALAYA"

LOADING ABOUT 10th JULY

for

ADEN, PORT SAID, GENOA, ANTWERP, ROTTERDAM,

HAMBURG, OSLO, GOTHENBURG,

COPENHAGEN · &- GDYNIA

THE EAST ASIATIC CO., LTD. Qupon's Bldg., Zud floor.

Tel. 34111 &. 3411N

S.S. “BARALABA ”

for CHITTAGONG

Now Loading Sailing about 12th July

For, freight and further particulars,

JOHN MANNERS & CO., LTD.,