1950-07-18 — Page 14

ARRIVALS

22nd, July

SAILINGS

26th July

31st July

15th Aug.

Page 14.

R. I. L.

ROYAL

INTEROCEAN....

● SINGAPORE, JAVA

PORTS and

MACASSAR

"VAN HEUTOZ" •

"TASMAN"

“TJITJALENGKA”

28th July

10th Aug.

*only to Singapore, Penang & Bel. Deli

• MANILA, EAST &

SOUTH AFRICA &

SOUTH AMERICA

"TJIKAMPEK"

*"RUYO"

"BOISSEVAIN"

"TJISADAK"

ARRIVALS

LINES

SAILINGS

4th Aug.

6th Aug.

12th Aug. 27th Aug.

5th Sept

SAILINGS

15th Aug.

"RUYB"

"TJIKAMPEK"

"BOISSEVAIN"

ARRIVALS

3rd Aug.

3rd Aug.

3rd Sept

Agents: HOLLAND-EAST ASIA LINĚ

⚫ EUROPE via MANILA

and MALAYA

"MARIEKERK" "MELIBKERK"

"MEERKERK“

D

JAPAN

Mediterranean and Northern

ARRIVALS

early Aug.

Carly Sept.

Through

Bs/L inued to

European porta.

•

JAPAN

"MARIEKERK"

"MELISKERK"

"MEERKERK"

7th Aug. early Sept. Carly Oct.

SAILINGS

8th Aug. early Sept. early Oct.

carly Aug. early Bapt.

BEKINGS BUILDINGEVELLEBONES/39000152002RWIES

E BRECHISINES AGENTSE BE CONSAUGIERONDE CEILENTERIO BUI

UM WID

TSITH

ISTHMIAN LINE

(:thmian Steamship Company New 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"

Salls N. Y. Sails S.F. Salled Salled Salled 20th July

.25th July

.2nd Sept.

&

31st July .20th Aug.

Dua H.K. 31st July 10th Aug.

GILMAN & CO., LTD.

Tel: 31146

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

SWEDISH EAST ASIA CO.LTD.

ARRIVALS FROM EUROPE

m.v. "MINDORO"

.30th July

SAILINGS TO EUROPË

m.y. "SUMATRA”

.30th July

m.v. "MINDORO"

End Aug.

:

FOR

ADEN, PORT SAID, ALEXANDRIA, GENOA; MARSEILLES, ANTWERP, ROTTERDAM, BREMEN, HAMBURG, COPENHAGEN, OSLO & GOTHENBURG

Dooptanks available for Bulkefl

GILMAN & CO., LTD.

:

Tel. 31146

SWEDISH EAST ASIA CO. LTD.

SUMATRA

LOADING. 30TH JULY....... SAILING 1ST AUGUST

For

ZADEN, FÖRT SAID, ALEXANDRIA, GENOA, DE MARSEILLES, ANTWERP, BOTTERDAM, BREMAN;" HAMBURG, COPENHAGEN, OSLO & GOTHENBURG.

GILMAN

CO

GATHE CHINA MAIL, TUESDAY, JULY 18, 1950

FINANCE AND

COMMEROE

Metal prices advance DELAY IN

on Korea stimulation NEW SUGAR

Hong Kong Stock Exchange

H.K, GOVE Loang Loan el.

3144 Loun (1986 & 19401 Ex.ini, 970.

Lean (1048) Ex.fr,

Banks

lyze

New York, July 16.

Prices of tin, lead, platinum and tungsten ad- vanced last wook under stimulation of the Kpragn war. Copper and zinc wore unchang. ed. Stocks of both were almost critically low. Tin soared to 962 cents a pound as waves of speculative buying swept London and Singa- pore markets and were reflected in higher New York quotations.

AGREEMENT

Washington, July 10 Hostilities, in the Orient] may indefinitely delay draft- ing a new international sugar marketing agreement, a high and Informed U.S. official says.

The International Sugar Coun- output incil Standing Committee, meeting

May reached a post-war high of in Landon last month, deelded n undertaken pounds. Aluminium new agreement be 123,058,511

working committee was selling at 17.50 cents a pound this year. in Ingots at shipping point. **p has been preparing a draft Ance

Other metal prices Included: then. Antimony, 37.70 cents a pound. cased at New York.

But the US, ometal saldit Ferro-manganese, 78 to 83 per 'would be at least 1952 before the cent, manganese, $172 to 175 al agreement is concluded. gross ton, shipping point,

Silver, 72.75 cents an ounce New York, 03.0 pence London.

Quicksilver $70 to $72 a 70 lbs;

Now York. Assoclated,

Tin increased 15% cerita n90,320 ions in June the highest;

since November 1 There was practically nothing pound in the week. Spot tin

Primary aluminium the HK. Stock was 20 cents higher than when to report on Exchange, and the turnover was the Korean fighting started. negligible.

Offerings were scarce. -Lead climbed one cen a pound to 12 cents as result of heavy foreign purchases. Sales were the best in months. Foreign buying was bellever based on fears that the Korean war would spread and disrupt normal channels.

Platinum nse $0 an ounce to $74 for large quantities and $77 for rmaller retail lols. Both Jewellery and Industrial demand was brisk, reflecting fear of pos- alble Government restrictions. Platinum Is often hoarded as n precious meuil,

H... Bank 1,200-A.

(Lun. 31.) £70. Chartered Bank Co. Mercantile Bank A. & D. Erin. Ink Enat Asin 1926

Insurances

Canton for 2Rün.

Union Ine, $100.

China Underwritero In.

A.K. Fire Ina, 160n.

Shipping

Dospiraen 160.

1.K. M. Steamboats In. Indo Chians (Pred 10.700

(Def. 25.

Shells (Beater) 1/7360. Balon Waterhont: 1km. Arta Nav. 429.

Docks, Wharves, Gedowns, Etc.

K&K Where 705, 741.

North Paint Wharve

n

Shanghal Hankkew Wharera n.

1.K. Dk 12n.

China Providents 9.104, Dan. Shanghel Dockyards 23. Wheelocks 2*,

Mining

Etul Mine 4.700.

H.E. Mines $19.

Lands, Hotels and Bulidings

,8. Hotel 75%.

.. Londa 35.

Shanghai Land9

Humphreya 65.

ILK, Restra 1.501, 2.10%.

Chinese listen 1200.

Public Utilitz

H.K. Tramways 10.40h, 18.sTM, 2012. Tenk Teams (olaj 150.

[Now) *n.

the Ferri CAN.

C. Lights (Old) $.80m. (New) 0.9.

H

11., Electries 21%... Marna Bectrice 18źn.

(New) 10%.

Banus Br.) 10 n. Bandakan ilta n. Telephones 10s.

(Rt. 14, 2013. Shanghai Gas sign.

Industrials Cald, Marg, Ord) 201ận. Canton Ice an Cements 90.

H.K. Rapes 13n.

Stores, Etc.

Dairy Farm 13.

•

(ts.) h. 3, Alin

Watsons 21/lum, 1. Crawfords 2011. Birreren 29an, China, Emporium fa, Sun Co., Lt, 1,700. Kwing Sang Hong: 5. Who On 4.K.) 2. Wm. Powell, Ltd. an.

Miscellaneou

China Entertainments 146. If.K. Constructions (Old) 2.40.

__(New) 1300,

Vibro Filing 11:40.

Marsman Investments 9/-. Marsman 1.K.) 7. Shanghal Lonn 700. Yangtze 2.40.

Ewos 2.6in.

Cottons

Rubber, etc. Companies Alma Estates 14. Anglo-Dutch 3dn. Anglo .15m. Batu Adama · 15%. iluto Plantations .50b. Chemor United 455. Chene Rubbers,17% b Consolidated Rubbers 1955. Dominion Rubbera. In. Jaya-Consolidateds 45. Kola Bahre .823b. Kapework Javes in. Jangkate,306,

Padang Rubberm „100. Nepal Rubbers „168. Rubber Trusts 2.200. Samagres Rubbers .75n, Semambu Rubber 30, Bhangha Kedzha (Ex.Dii. 4b. Bhanghal-Malays 10m. Shanghai Pahang 40b, Shanghai Sumatran la. Site Managi 100. Bunget. Dürle 1255M. Tanah Méraða 456, + Trbong Rubbere „32n. Zianzbe Rubbers „50n.

BUSINESS DONE (*. Dizeet business)

HK. Bank 30 at $1,200, 10 nt 1,200.

Wheelock 100 at: (21,,

China Providena 500 aí,19,

II.K. & 8. Intel 100 at $7.

Chinese tungsten advanced $1.80 a ton unit of 20 lbs, to $23-$23.50 cut off most of the few remaining Asiatic sources. from Comitunist Shipments China have long been negligible. Some tungsten had been reaching the U.S. from Korea and other For Eastern areas.

Copper was strong at 22-1 cents a pound. Large producers were allocating supplies to cus-

tomers.

The U.S. Munitions Board sald Government stockpiling would be speeded to the greatest possible extent.

Largest ever

dask, Prest.

POINT FOUR NO COST TO U.S.

Major, factors deloying, the new agreement are the International situation, British consideration of buying, 500,000 tons of Cuban augar to be paid for with British currency, a rise in sugar prices which has improved the financial position of producers.

It is understood that when the Council Standing Committee, re-. convencs, in London on July:20 to consider the draft agreement, It will refer the draft.to interest- ed governments for study Insibad

ttritloris,

Washington, July 16. President Harry Truman's Point Four programme to aid pushing ahead on actual nego- under-developed areas will not cost the American taxpayers o cent, ita Director said today,

Another factor delaying agree mant was the action or the U.S.

C. M. Waynick, State Depart-Department of Agriculture lost ment official in charge of the week increasing the 1050 Import

explained, plan,

much quata by 350,000 tons. "It is to do business more profitable with a nation that is well deve-

economically,

thrin

with loped those who are

Trade sources said stockpiling Ita sald

Cuba got almost all of the in- was left erense, The Philippines out altogeher and other countries cent of the increase.-Associated Press.

may range around 20,000 or 20" to under Amptonalcal ald got only 1.36. per

000 tons monthly.

arcas

could

The House Ways and Menns produce a business from which the American Buyer will berie- Committee voted to suspend the nt along with the rest of the two cents a pound import duty on copper for another year.

to

werd

Zine also was unchanged at 15 cents a pound with demand in excess of supply und most sellers allocating sales. Zinc, shipment from domestic smelters rose to

METAL SHEETS FOR AIR FORCE

arep

concerned. Mr. sold the programme has a broad

Wayne PRICES REDUCED SOVIET ZONE

IN

Berlin, July 16.

The East German Communist

The Global Fieri

TO HONOLULU & SAN FRANCISCO

"General Gorden" "President Wilson" “Prezident Cleveland”

vio JAPAN

Sails July, JL. Salls Aug. 4

Arr. July 30 Art. Aug. 3 Arr. Aug. 30

Salla Aug. 31

TO SAN FRANCISCO & LOS ANGELES

"President Pjorce" "President. Intrison"

via JAPAN

Air. July 28 Arr. Aug. 8

Sulls July 20 Salls Aug. 0.

TO 'NEW YORK, BALTIMORE & BOSTON

við PACIFIC COAST & PANAMA,. "Williamette Victory"......:Afr. July 21 "Dartmouth Victory" ... Arr. July 29

ROUND THE WORLD

Salls July 22 Salls July 30

VIA MANILA, SINGAPORE, COLOMBO, COCHIN: G, BOMBAY, KARACHII, SUEZ, FORT SAID, ALEXANDRIA, NAPLES, MARSEILLES, GENOA, NEW YORK and BOSTON

Arr. July 18 Art, Aug. 4

"President Johnson" "President Monrac"

Salls July 10

Sails Aux. 0

TO JAVA & STRAITS

... Arr. July 25

Sally July 26

.Arr. Aug. 18

Sallo Aug. 19

"Mount Davis" "President Fillmore"

St. Goerge's Bldg.

Tel. 28172/5.

BEND LINE

SHIP 1"DENVRACKIE”

"BENVENUE" "BENDORAN”

"BENLAWERS". "BENATTOW"

BENALBANACH' "BENCRUACHAN” "BENCLEUCH"

VEENVRACKIE" *BENLAWERS" "BENCRUACHAN"

"BENDORAN”

up

"BENVENUE"

"BENATTOW"

"BENCLEUCH"

June shipments of copper er alm than this.

Impressions Told of reported fabricatore U.S. 126,047 tend the largest since abroad that the United States

wants to buy

Allies, or has im- January 1947,

perialistic ambitions, the Direc for said: "It must appear what the President intended it to be government announced sharp a genuine gesture of high pur- price cuts in food and relai

Soviet zone and pose of this nation, sitting here goods in the in iis own wealth, to be as help- East Beriln. ful as it can in proving to the

Reductions on most items solt world that man does not need to become a chattet of the State Ihat ration-free stores average order to be economically well to 05 per cent on fool and about

35 per cent

Typical. on goods, fed and housed, and well clothed.

reductions: And that is the intent of Paint

Four."

One pound load of white bread, Pittsburgh, July 17 The money approved by the from four Marks to 2.2 Marks, Production of magnesium House for

for the plan would be (The East zone Mark tells for Elx West Matk) The for uso in air force enough to get a good start in the against one

ne aim is to lend West Mark is worth 23 Brst year. One sim

cents planes reached a peaic level fist

assistance technical

to teach U.S.) just as shooting began in Korea,

However The Aluminium Company of American know now,

One pound butter, from 20 America (Alcon), at Government the Senate Appropriations Com Marks to. 14 Marks,

Has cut the amount request, has set up a new divisibri 10,000,000 and the ultimate:

figure is not clear.

phase Mr. Waynick said this

sheets

10

the

three One quart milk, from. to two Marks.--

sheets. produce mugnesium sheets are tricky-to make and hard to roll but they i

One hundred grams of chôco · have been boon to aircraft of the programme would be con-

a manufacturers.

cerned mainly with problems of late from nine Marks to seven food production; health and Marks. sanitation, and education,

A 40 by 144-inch magnesium sheet or lightest gauge-032 in ches thick-weighs 14.2 pounds.

An identical sheet of aluminium weighs 22 pounds and one of steel about 65 pounds,

000

Alcon is producing about 103,-

pounds monthly of magne slum sheets-all for defence use. Dow Chemical is the only other American producer of this reln- (ively new product-Associated Press.

Money Market

US

rket

dollars opened yesterday at HK$6,072 and closed at $0.00, these being the lowest and highest ratės. The market was firm.

The United States Inlenda tu

3

The East Press sall, the cats were "a result of'; our peace

work with the United Nations na polley."-Associated Press. much as is practicable in the Point Four programme, Mr. Waynicke sald-Associated Press.

U.S. PROGRAMME

FOR ABACA

WING ON CO'S PROFITS

The Wing On Compank Limitéd; made a net profit of HK$1,508,–İ 854.85 in the year entled :Decemi- ber 31 last; according to the nù-! nual report of the company's Board of Directors:

Washington, July 10. The Philippines: Ambassador, Joaquin Elizalde, is working, te modify a (US$35,000,000 pro- brought forward from the pre- Including... HK$70,387.57. granime to extend U.S. abacal vious, a total of HK$1,040,242.42 production in Central Amarica is to be dealt with is follows:

The measure, has been approved Pay Dividenden

by the House Armed: Barvices Sub-Committee, but Mr. Elizalde hopes to have it changed in the full Committee.

Mr.

TT opened at HK$8.13% and closed at $0.14%

gold opened 'at] Industrial

Elizade told the US. State HK5207 a tncl. After dropping Department the measure was un- to 204.50 It recovered 10 $210 fecessary. He said that with a before the lunch interval, In

1

50.

ILK. Tram 500 at $10%, 100 at sip-70.

HK Electric 100 A 021.

Telephone (Right). 8 at 20 cents,

aL,80 cents.

the paid-up Capital

1.

at a par cent (Free: from Tax) ......- $ 400,000.00|| Pay Bonus, to Direc tors Managers Employees

Pay Corporation Pro-

J

$ 217,370.97|

At Tax for: 19494-023, 1950. MANUELA EN118,210.10 Transfer to Eme extending the ployees Pension

Fund

dropping in the interval to $200.- "The moaste proge Transfer to General S

the afternoon. It re-opened at short time the Philippines Could $301.50, and closed at $301, after supply the world with all the

abach if

it'wanly. American Sterling was stalionäry, ut AI HK$18.67.

10 years, was recommended by Australian pounds dropped to Defence Department and Muni- ted highly strategie which cannot be obtained

amounts from

Air, $. 20,000.00

Réservés. „AISET, $ 700,000.00

édy forward to Next Account

at to cels, 1.000 at 20 cents, 1,000 HK$12.16 after oberting at $12.20. tions Board on the ground, that Balance to be.entil-·

Plastres continued nominal at the fibre

material HC$12 a 100...

Ticats went up to HK$21.90 In d 100,

Dairy Fame (Highway 167^ni #21k2. Watson 800 nt #21%. 200. at $211.

Go nt $2135, 500. μ2' #21 16..

EMIGRATION FROM WESTERN EUROPE

Washington, July 16

The Economic Co-operation Administration aniibuned today a $1,000,000-programme to speed up emigration from over, populated nations of Western Europe.

-

Marshall Flan nations will contributo da addition US$200,- 000 toward the project in their own currencies yuman dc

President Harry cribed, the programme as a net casanry step toward, the solution of one of the basic^* pleme which Western Barope encounter in its recovery aftertiusCEREM

The money will be trek

with sorte to underJob

LTD.

and West Front

NEI Guilders were unchanged|| at HK$2 100...

the

Muson, Munitions Board Adviser „fold, the Com- mitted the mento would not CORPSES SHIPPED harm the Philippines and even if It would, "It is still our duty to FROM: SHANGHAI

recommend it on the grounds of The Communist authorities and national security? Associated

100,000 Press) The Pardo 2016! shipping mora. Uibh corpses out of Shanghal where they had'accumulated in warh- EGYPTIAN BUYING houtes over a number of

OF WHEAT IN according to a Peking broadenst The boules scaled-in collins, had

Melbourne, 'July 16. deceaseitenved sumclent and bushels of wheat from; Australia "boên; stored, while famillies of the): ¡Bgypt visa do chush / 17,500,000 in order to 'efinir a proper cutside the International Wis Chinese-style burials die bes Agreement, Mr. F. H.: Cullen calthe move is part of a dilyivido Chalemansaf Graustralia'ns Wheki carripalento cionn vi and dis- Board, slated toda

Shang hai là lớnce the tu Ho said that – the.

be 18 shilling (Australia) ITT: #thind:04, Sterlinaɔvya bisatiei Fbolf#hipped free on board, insteach,

out of the oil, and did not dis= |Australian)18: shillings

Germany Associated Feldge that would be voite : with: Ing-under the ⠀ Interna

thom-United Press:

Agreement Reuter.

$-109,601.35 |

$1,048,242,42

#latte (27) × (3) derisa (4) k

WAGES AMERICAN

HIGHEST EVER

Washington; July 10. į Amorjena workers received wages daits salariés lis May at the rafe of US$139,200,000,000 a year. Repo

this, the "Commerch sold it was

the highest

fac

lal rate delay

ARRIVALS

FROM

U.K. via Bingapore on or abt.

#

DUR 27th July

29th July

9th Aug.

14th, Augi

27th Aug.

→

29th Aug.

12th dept.

24th Jopt.

SAILINGS

Loading on or abt.

London, Antwerp, Rotterdam, Hamburg & Hull:

81at July

17th Aug

18th Sept.

18th Aug.

$1st July

31st Aug.

28th Sept.

Genoa, La Havro & Liverpool,

Liverpool, Glasgow, Dublin, Antworp Rotterdam.

† Accepta Carga for Japan. )'Omits Hull,

Via Singapore, Colombo, Part Budan, Aden, and Suez Carist,

་

For Further Particulars, Apply Tom-

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

Agents York Building.

Telephone: 34145.

THE EAST ASIATIC CO., LTD.

M.S. "INDIA"

LOADING ABOUT 10TH AUGUST

for

ADEN, PORT SAID, ANTWERP, ROTTERDAM,

HAMBURG, OSLO, GOTHENBURG & COPENHAGEN

THE EAST ASIATIC CO., LTD.

Queen' Bidz., 2nd floor.

Tel. 34111 & 34112

ISTHMIAN LINE

(Lathinlan Steamship Company, New York)

S.S. "AKTION'

LOADING 25th JULY SAILING 26th JULY

For

LOS ANGELES & NEW YORK

via PANAMA CANAL

GILMAN & CO., LTD.

Tel. 31144.

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

(TOM) 28823)}|| 25553; 62: 23468,