1950-08-01 — Page 14

R. I L

ROYAL

➡ SINGAPORE,

PORTS and

MACASSAR

P

INTEROCEAN

LINES

"TAŚMAN"

ARRIVALS

in Port

11th Aug.

20th Aug.

"TJITJALENGKA"

"VAN HEUTÓZ”' •

*only to S'pera, Penang & Bat Doll.

➜ MANILA, EAST &

SOUTH AFRICA &

SOUTH AMERICA

"TJIKAMPEK" "RUY{"

ARRIVALS

SAILINGS

2nd Aug. 10th Aug 4th Sept.

SAILINGS

4th Aug.

5th Aug.

ARRIVALS SAILINGS

THE 'CHINA · MAIL, TUESDAY, AUGUST -1;"-1950,-

FINANCE

AND

COMMERCE

WEEKLY REVIEW OF BUSINESS IN U.S.

Hong Kong Stock Exchange

H.K. Goyt, Loads

Lun 10cm.

"BOISSEVAIN"

10th Aug.

"TJIPANAB* *

10th Epl. 14th Sept.

not calling South America

O

JAPAN

"RUY8"

3rd Aug,

"TJIKAMPEK"

2nd Aug.

15th Tigan (1934 @ 1040) 201 A Loan (1948) VID.

"BOISSEVAIN"

8th Sept.

20th Aug.

Banks

12th Sept.

"TJIPANAS”

Agents: HOLLAND-EAST ASIA LINE

EUROPE via MANILA

and MALAYA

"MARIEKERK"

"MELISKERK"

"MEEЯKERK"

Through - Br/L Inqued to

Mediterranean and Northern

European porta,

.JAPAN

"MARIEKERK"

"MELISKERK"

"MEERRERK"

ARRIVALS

7th Aug. carly Sept.

SAILINGS

9th Aug. carly Sept, early Oct.

8th Aug. Carly Sept. early Oct.

10th Aug

early Sppt.

BERINGSBUDDINGESTELEPHONES ABOUSSTOR260178

$22 CSCSCERGEN IS FILA FÓNNALGIRDADE GEORG

THE WORLD

THE WORL

ISTHMIAN LINE

(Tethmian Steamship Company Now York)

DIRECT MONTHLY SAILINGS TO NEW YORK

VIA LOS ANGELES AND PANAMA

"STEEL RECORDER" STEEL DIRECTOR"

,24th Aug.

..16th Sept.

SAILINGS TO SAIGON, BANGKOK &

DJAKARTA (BATAVIA)

"STEEL ROVER"

'STEEL ADMIRAĻ”

ARRIVALS FROM U.S.A,

-STEEL ROVER"

*STEEL ADMIRAL"

Salled

Sails N. Y.

Sailed

5th Aug. .201b Aug.

Sails S.F. Due II.K. Salted Sulled

4th Aug, 19th Aug.

GILMAN & CO., LTD.

Tel: 31146

Chinese Freight Agents: HIN FAT & CO., LTD, Tols: 28823, 25553 & 23498.

SWEDISH EAST ASIA CO.,LTD.

ARRIVALS FROM EUROĻE,

I.K. & Shaugbal Bank Ex.Djv. 1.160p.

top, Urk.}' Fa.Div. 4780.

Charter Batik £8 11/160. Mercantile Bank A. & R. 222tin. Ennk of East Asia 101

Insurance

Constress Iran, 2550.

Unlin J. 1706,

Chlon Underwriters an. I.K. Fire Ins, 120

Shipping

Dougiares 1591.

H.K. & Muras Escamboste 120, Indo Chius (1'ref.) 18.700.

Def.) Bu.

Has (Bearer €2/50.

Vein Waterlonts 280. Ana Nav, 651,

Docks, Wharves, Godowns, Etc.

HK, Kowhus Wharton $ka, Nurth Point Wharves Cn. Shanghai Hongbew Wharves Blau. H.K, Ducks 122n,

China Providente 0.205. Khanghai Dorkyreda 1996, Wheelcks 20.

Miolog

biles 4.70m.

H.K. Mines 614 m.

Lands, Hotels and Buildings.

H.K. Shanghai Hotels 9.60%. H.K. Lania -3413.

Shanghai Lands 15, Humphrey

1.K. Reales 1.900.

Chiume Exixten Ex.Dlr. 1401

Public Utilitlen

JK, Tramways 106,

Irak rains (94) lần.

(New) 8n.

Star Ferric 68n.

JL

New York, July 30,

Inflation gained during the past wook as business and industry tackled the problem of supply- ing military needs while keeping the domes- tic economy prosperous,

The Korea wor had not yet resulted in any large order for military supplies. But it was a safe bet the Government would start buying before very long.

Businessmen and industry-juntil they knew where they were glists talked expansion plans headed on such nenis as demand, wille producing goods at or supply and prices..

levels. ngar peak

Buying syung along on its upward

Prices crept higher.

Curve,

Tax proposals

There was 1 Reneral feeling There were indications, how-by the Administration during the that the tax proposals announced ever, that the first wave of scare week were not too harsh. buying was subsiding.

Eamings reports for the second quarter began rolling in and these companies that falled to chalk up records hit very close to new lilgbs.

METAL MARKETS REVIEW

New York, July 30, Prices of tin and tungsten are pushed higher through the week, but mast metals held unchanged as the trade weigh- ed the prospects for federýl allocation controls.

lo

Tin nok as high as 97-1⁄2 cents a pound by Thursday, reficcting an upswing in the Singapore and Loodua market attributed fears that the war might spreat! beyond Korea and cut off Far Easier supplies. However, tip cared back fator to above last wook's anal.. weak at 95 cents, or two conts

closa.

Tungsten öre rose $1 a top unit (20 lbs.) to $24 to $24.50. With earnings at high level, bringing the total advance in many felt tey could absorb the this important tool steel lordon- Gill and still give stockholders aing material to $3 since the good return.

Korean fighting began. But prices and supply and the

There was little change in the Inflationary aspects of the econo. copper or zinc situation. Con mie situation inve them worried, sumers were taking all they could General Motors Corporation, In the textile industry, with the get and clamourlög' før mora. the world's largest manufacturers, mills Looked through 1950 and Producers were portioning out reported

the biggest quarterly come even into the first quarter the available metal with copper eamings of any in history. of 1951, many cotton and waollar strong at 22-4 cents a pound and Nobody lo manufacturers are staying cut of zine at 15 centy, Paited States Steel Corpora- the market until the costs of raw ether

industry appeared Inr tion, which makes more steel materials stablise and they reclined to boost those prices in the than anyone else in the world. place finished fabrics.

face of threatened controls, listed its second highest quarterly earnings, n Ögure surpassed only in the last three months of 1914, 34 years ago.

Liftlo likelihood of controls

Was

The industry took the attitudej Statistics prepared for the far of when you are not sure what brication trade showed June con

to de, do not do anything

The marafacturers are keeping | busy meanwhile on orders already booked and are ready to take care of Government demands,

Stocks on the New York Stock Exchange reacled more readily to the week's sparkling earnings sintemnents than to the war new

sumption of 'now reflied "copper hotting close to record post-war rates.

Actual tonnage used in manie factured products shipped month was reported at 132,658 only 870. tons less than the May total which was the best for any month since January of 1947,

Deliveries of new doinostic and feralen copper to manufacturers' 127.477 the May Fabricators stocks logses.-Associated hand dropped to 332,330 tons by the end of June from 338,504 the previous month,

The market advanced to a high point of recovery from its cot.

The consumer

spending more money in the nation's stores and shops. The factory worker was making more money. There were more people employed than ever fouse in the days just following plants in June rose before.

the start of the Korean war and tong, or 13,885 over There appeared Httle kelt. fon an average regained more than total, hood of any Immediate controls ne-half

Press, on price or requlations on pur.) chater.

This mixture of high earnings, bigh production, free spending, lots of jobs and no controls formed a powder keg of Inflation.

In Washington, however, there toward was growing sentiment the Baruch plag for Immediata,

and

man-

I

its

Portuguese exports

of cotton

Lisbon, July 1. her cotton imports with domes Portugal is trying to balance

to

Demand for lead picked up sharply at mid-week and sup pliers reported largo sales to makors of batteries, lead sheet and pipe, lead

covered cable, paints and to other consumers. One large producer said on Wednesday amounted to veral times his rate of daily out put. Foreign inquiry was brisk. The price was firm at 12 cents 4 pound,

orders SC.

Spokesmen for the aluminium

increased

outpul

Chinn Lights (Old) 1,400, 0xD1, aling all out wage, priye

(New) | 6,800,

power controls. ILK. Eigeria 20, 19.00

Right now the lawmakers are man's limited economic

control bill but Senator Irving M. Ives, New York Republican, indicated the farther reaching Baruch measure had not been shelved.

considering President Harry Tru tie production and manufac1 Industry sáld

Mono Eletrics 11. (New) 10.

190an. Sandakan Jght in. Telephones 10ža,

(B) 15. Hushui Can 1% th

Industriale

Cald. Mack. (Ord.) 22lin Canton Jet in. Cemento An.

B.K, Nopen 180.

Little reason for controls

Econotny! Would depend entirely upon the supply of electrical power-As-

Indonesia projects

ture, Minister of Castro Fernandes said here.

Addressing a group of collon elution Press. executives, he outlined a number of measures for improving

Portu- gal's cotton trading position.

Brazil sent about 6,500 tons of cotton to Portugal in 1040, and will

ship more during probably Doruch plan, he said, 1950. Exports of Anished cotton would be offered on the Senate good in 1949 reached 7,000 tons.

regardless of what the and will probably also increase, Banking Committeo does on the The Ministry of Economy is Administration measure,

trying to expand foreign trade, Any serious consideration of Fernandes-said-by such measures the first project under the all-out controls at the' moment as oxbibling at the Chicago $100,000,000 Export Import would make business and In Trude Fair, and trading cotton Bank loan to be announced by dustex unhappy.

for codfish

with Dehnark the Bank later this week.

The

Book

Stores Etc.

Dairy Farms 11

Watsons 236, 211. 1. Crawford 10.

Fineures 2.19k.

Gator Emporium $14.

Ben Co., Ltd, 130

Kwong Band Hong 74.

Wing Or (HE) *Ex.Div, 401,

Wm, Powell, Ltd. Su.

Miscellaneou

China Entertainmegle 140 ICK, Coustfuctions (013) 2400.

(New) 1300. Vibrolips 1

Margin (..) tin.

11.V. "MINDORO"

ist Aug.

Mariman Investments B-a.

m.v. "ANDAMAN"

.22nd Aug.

SAILINGS TO EUROPE

Nhang binh luan 201 Yanatas 14.

m.v. "SUMATRA"

m.v. "MINDORO”

2nd Aug. .23rd Aug.

Ewon 2.40b. 20

FOR

ADEN, PORT SAID, ALEXANDRIA, GENOĄ, MARSEILLES, ANTWERP, BOTVERDAM, BREMEN, HAMBURG, COPENHAGEN, OSLO & GOTHENBURG

Deepionks available for Bulkell

GILMAN & CO., LTD.

Tel. 31144

SWEDISH EAST ASIA CO.LTD.

"SUMATRA"

LOADING 31st. JULY SAILING 2nd AUGUST.

For

ADEN, PORT SAID, ALEXANDRIA, GENOA, MARSEILLES, ANTWERP, ROTTERDAM, ÞREMAN, HAMBURG, COPENHAGEN, OSLO & GOTHENBUBG.

BILMAN & CO., LTD.

Cottons

Rubber, etc. Companies Alma Estales 13. Asurio-Dutch 30

Autoaves th Baia Auer 120. Huic radiations 40h.

Chemor United 10.

Chror Rubber 16h. Consolidated Bubbore 1.600. Dominion Rubber In

Java Consolidate, dân. Kota Batron 356) Kroewek Joves "Iša Langkat. Fading Rubbers, .10), Kępab Rubbers, 18p. Rubber Trusts 2301. Baminguga Kukkanen, Fla. Bemanda Rubbers Jb. Shanghai Kedah 4.049. Bhanaba-Mars- 10m. Shanghai Pahang .60b. Banabal mă tranTM3. Hos Nangis 10%.' Barrel Duris 174. Fax) Morsha Abh Tebang Rubber 24, Giangle Blubbery, An

BUSINESS DONE

Direct Lusinder

Ching Light (034), 100

Wins' Light, (New) *#0:41. $436.

1.K Electra 100: at $19.41, 100

$19.00

Telephone, top at $19. Ewo, 1.000 m2 $1322" Binoured 14) at 18.00

ANELRED BILL

IN JORDAN

Leading producers of steet, United Press. commodity busic to almost all production, belloved they could meet military needs without

greatly affecting civilian users. Money Market

If allocation becomes necessary, Lhey said, let privata Industry da it. Government-issued priorities, they added, caused chaos in the World War I armament prd

gramme.

US dollars opened yesterday, at HK$0.221, dropped to $0.20, and closed at $0.26.

TT opened at HK$0.24% and

Washington, July 30. Indonesian officials expect

The Bank kredit was extended to Indonesia last February. Since tban Indonesias economists have been gathering facts for about olglit different projects and have submitted some of these to the Bank for study.

Officials expect the Bank's op- proval to be given during the coming week to a project for au closed at 36.32.

tomotive Economists, appraising the of

transportation. They Industrial gold, ke US doi- would not disclose how much of fects of the Korean war at tglars, was also on the up-grade. the $100,000,000 will be involved end of its first month, found Opening at HK$314 a tac, rose in this first programme. The little reason for Government con- to $321.30 at the close, after an said, however, that the credit trols at the moment.

interval down to

$312. Sterling was unchanged

They said the Kearly. US$11, aco,000,000 for the Korean war HK$15.76 and preparinces is not deep cus into the nation's capacity und resources.

Terrific paca

Production of such things 45 mude oil and coal were, obova the figures it the previous week and, a ̈your age and the “magers of 'electric power were, turning out kilatatis et record rate.

Cars were rolling off the as- sambly lines at grehter paco than the previous wock or last year.

Australian pounds

opened at HK$11.93′ and closed at $11.08.

Piastres continued nominal at HK$12 a 100.

Ticals at HK$27.50, s. 100, and

were unchanged. NEI Guilders at HK$2.50 & 100,

PRICES SOARING

IN INDIA

New Delhi, July 30. - The Government is trying to

but the pace was not up to the beat down commodity prices that

record of a month ago.

have soared since the Korean

The car mikera hava boen war began. hililog & terrific phos:for soma time and have been forced to let down a bit, after using steal

•algeka..

would be used to buy, truck and hus chassis in the United States for assambly. In Indonesia where vehicle bodies can be made. Im- provement In `automotive trans sport is expected have an im portant effect on both the moblif-

of Internal commerce and movement of produce from the interior to shipping ports.

Other projects which are ext pected to be approved by the Bank soop are road-building pro- gramme, reliabilitazion of rail- ways and a largd barbour deve- lopment plin.United Press.

DOUBLE PAY FOR

SEAMEN PLA

PLAN

It is consulting the States on a

Stuttgart,, July 29. programme to combat hoarding The International Transport and back marketing The pro-Workers Ecdgration advised sea sramme, calls for imposition of man's unlobs throughout the controls on prices and distribu-world today to demand delib While outbut generally remain- tion, Increased Imports and may for all voyages to Far fed high, there was a tendency stepped-up domestic production. Eastern war areas.

Nearly all the part of some manufacturers

I types of consumer

The Federation seld at the 400- ta hrold, offs taking further ordre goods have boun affected by closing session hat, the Unitajl

hoarding and black marketing.

Sinten arrangements. By which Non-ferrous metals, Industrial solors go; double pay for war chemicals and dnia also havaria trips should save skyrocketed in price, in somno examplo United Presq. cases by 100 per cent.-Associd=| tod Press

Amman, July 30. The Jordan-doverrerion today! tabled an unil Confolinist, Bill to be considered by the Hours of

DE VALERA SEES ABDULLAH

Anuman, July 30% Mr. Bamon de Valore, topper Palda Mitlikter di Eife, wan Talay, received in midlenen by King Ab dullah "of Jordan, who has been camping near Ramallah, the num

AUSTRALIA TO

SEND WARSHIP

Lake Subcess, July 30,

RATIONING IN ISRAEL

London, July, 80. "Israel's Minister of Hupply bond Australia today formally: noll Rationing, Dr. Day jiph,, ani

Bee Tür North of Terum londed the Secreta, elféral of the pointed tonight thi

United Nations, Mey Tryavn. Lie, Tootwear, } will be that to destroyer Warramulla Jared

indylighi watora soon - Radiá

The Global Fices

TO HONOLULU & SAN FRANCISCO

Arr. Aug. 3 Are. Aug. 30 Are. Sept. 13

4-

Salia Aug Sails Aug. 31- Salla Sopt. 14 ANGELES

vio JAPAN

"President Wilson”

"President Cleveland"

"General Garden”

TO SAN FRANCISCO & LOS

vig JAPAN .................Arr. Aug. 19 ....... Arr. Sopt. 2

Salls Aug. 20 Sails Sept. 3

"President McKinley" "President Taft"

TO NEW YORK, BALTIMORE & BOSTON vio PACIFIC COAST & PANAMA "Dartmouth Victory"........ In Port "Mount DaviR”

............Arr) Aug, 20

ROUND THE WORLD

Sails Aug.

1 Sails Aug. 27

VIA MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAY, KARACHII, SUEZ, PÓRT SAID, ALEXANDRIA, NAPLES, MARSEILLĖS, GENOA, NEW YORK and BOSTON

"President Mourne” "President Buchana

TO JAVA & STRAITS

"President, Filimaro" "President Tyler"

Bt. George's Blig.

Arr. Aug. 4 Arr. Aug. 13.

Sails Aug. 5

Salls Aug. 15

Arr. Aug. 30

Arr Sept. 15

Sails Aug. 31 Sails Sept. 10

Tel. 28172/5

BEN LINE

SHIP "BENVENUE" "BENDORAN" "ENLAWERS" "BENATTOW"

BENALBANACH" ENCRUACHAN" BENYANNOCH" "DENCLEUCH"

"BENLAWERS” "BENCRUACHAN”. "BENDORAN”.

"BENVANNOCH",

)"DENVENUE"

"BENATTOW"

"BENCLEUCH"

FARM 783 KARKAST

ARRIVALS

FROM

U.K. via Bingapore

SAILINGS

QUE

3rd Aug.

on or abt. 1th Aug.

L'e'n d'an, Antwerpe

Rotterdam, Bamburs

Havre,

Gonda, Lo Liverpool, & Hull.

H

14th Aug.

27th Aug:

29th Aug.:

*

18th Sept.:

1+

19th Sept.

24th Sept

Loading on or abt.

12th Aug

10th Sept

13th Aug 23nd Sopt,

Liverpool,

Dublin,

Qlasgow, Antwerp

6th Aug.

31st Aug.

Rotterdams,

28th Sept.

* Accepts Cargo for Japan,

Jaccepts Cargo for damlasıng.

Via Singapore, Colombo, Port Sudan, Aden, and Suez Canal.

For Further Particulars, Apply To--

W. R. LOXLEY & CO. (CHÌNA) LTD.

~Agents

Yerk Bullding.

Telephone: 24185.

THE EAST ASIATIC CO., LTD.

M.S. "INDIA

LOADING 22nd AUGUST

ADEN, PORT SAID, GENOA, ANTWERP, BOTTERDAM, HAMBURG, OSLO, GOTHENBURG & COPENHAGEN

THE EAST ASIATIC CO., LTD. Queen's Bldg., Zad floor.

Tel. 34111 & 24118.

BEN LINE STEAMERS LTD. FAST SERVICE TO UNITED KINGDOM

& CONTINENT

BY:

S.S. "BENVENUE” SAILING HONGKONG ABOUT 7TH AUGUST. GADING, FOS

KÖHBICHANGA/SINGAPORE, COLOMBO, ADEM IQ8T, BURAN PARTY SAID EIVERPOOLAN GLASGOWE." | ANTWEREJ KOTTERDAM AND HAMBURG,

56 WR LOXLEY & CO. (CHINA) LTD.

that the

of fore