1950-08-02 — Page 18

Fuge 14

R. I

ROYAL

INTEROCEAN CINES

• SINGAPORE, JAYA

PORTS and

MACASSAR

ARRIVALS

SAILINGS

2nd Aug.

ARRIVALS

"TASMAN"

"TJITJALENGKA"

11th Aug,

10th Aug

"VAN HEUT6Z"

20th Aug.

4th Sept

Only to S'poro, Penang & Del Dell.

MANILA, EAST &

SOUTH AFRICA &

SOUTH AMERICA

SAILINGS

"TJIKAMPEK"

7th Aug.

"ЯUYS"

"00185EVAIN"

16th Aug.

"TJIPANAS" •

7th Aug. 10th Sept. 14th Bopt.

not calling South America

→

JAPAN

ARRIVALS

SAILINGS

"RUYS"

6th Aug.

"TJIKAMPEK”

6th Aug.

"BOISSEVAIN”

8th Sept.

20th Aug.

12th Sept.

"TJIPANAS”

Agents: HOLLAND-EAST ASIA LINE

EUROPE via MANILA

and MALAYA

"MARIEKERK”

ARRIVALS

"MELISKERK"

"MEERKERK"

9th Aug. carty Bopt.

Through

BB/L found To

European porte,

»

JAPAN

"MARIEKERK"

"MELISKERK"

"MEERKERK"

Mediterranean and Northern

8th Aug.

early Sept,

early Oct.

SAILINGS

9th Aug. early Sept... carly Oct.

12th Aup.

early Sept.

MEYKING'S BUTİDING TELEPHONES19:280153 TO 22801 19

FLEET 2011

Tomo

ISTHMIAN LINE

(J-thmian Steamship Company New York)

DIRECT MONTHLY SAILINGS TO NEW YORK

VIA LOS ANGELES AND PANAMA

'STEEL RECORDER"

STEEL DIRECTOR"

THE CHINA MAIL

WEDNESDAY GUST 2, 1980,

FINANCE AND

New York Stock Exchange

+

New York, July 31,

The stock market chalked up a moderate advance today.

A highly selective demand al- lowed aircrafts, rubbers, radio, television, automotive and chemi- cal stucks to

Mixed

go

ahead.

COMMERCE

AMERICA MAY

HER

EXPAND FOREIGN BUYING

Washington, July 31.

Responsible Government officials pradicted today that the current United States rearmament programme will call for expe

expanded purchases abroad which may temporarily wipe out, the doilar shortage which has plagued democratic nations since shortly after the end of World War II,

were steels, rails, ells, utiles These purchases are expected to be of two and motion picture stocks.

The listless trading was at the rate of

shores about 1,000,000 for the session, Hghtest volume In many days.

makers. Stucks of the plane. buoyed up by the announcement of a gigantic buying programme Ly the U.S. Air Force, lacked on good gains at the opening, and then moved along steadily for the

Balance of the session.

Outside the aircrafts, gains were mostly in fractions to a top of

share. dollar Higher most of the day were U.S. Steel, Bethlehem Steel, General Motors, Admiral Cor

one

poration, Em

Emerson Radio, Ballo Corporation, Homestake Mining, Dow Chemical, American Wool- len, Nickel Plate and Consolidat- ed National Glas

Losing issues Included Young- Sheet Consolidated Edison, American Smelting, Phillip Mor- Pacific, Gulf Oil

ris, Southern Pac

and Paramount Pictures.

Dow Jnnes averages: Indus-

trials 209.49; Rails C0.08; Utilitles

37.78; Stocks 75.10.

Closing quotations:

Adams ExoJCSS

Alaska Juncau

American Sinelting

员

Telephone

Tobacco Waterworks

Anaconda Copper Aviation Corp.

Baldwin Locomotive Bendix Aviation Bethlehem Steel Boeing Aircraft Borden Co.

201 24 5034 150%

€5

8

'general types. The first are minerals and other critical raw materials needed for stock- piling on which the United States is expected to spend at least $640,000,000 during the fiscal year 1950-51.

The buying of this type is expected to help substantially in balancing the trade - counts of Britain through the earnings of some African dr- pendencies, the Netherlands and Indonesia, India and Latin America.

its Allies. Includes finished and semi-nished defence equipment In Western Europe and Scan- dinqvia.

An an exoraple, mlitary ex- perts predicted that some jet air- craft may be bought in Britain itself for use of the air forces of the North Atlantic Pael nations.

The second purchase, either for Similarly, contracts for military use of the United States itself or "no-ordinanec items are expect- transport equipment and other

Controls probable

in U.S.

Washington, July 31. President Truman passed word down today that he will accept standby rationing and wage-price control powers if the Congress forces them upon hün.

A Senate leader said the Con- 3202 Ereas will probably do just that.

Rayburn Speaker Sum

7

dis-

ed to go to Germany,

Ocials take the position that) the existing legal barriers to ex- tensive purchases abroad are be- ing re-examined in light of de- expected to result from. the Korean War.

An example of the United States Government's determina- tion not to play favourites is pro- vided in the comment of one high, oficin! the effect that West- ern Germany is able to under- sell France on certain defence) item ond offer better delivery dates, the Gormans would pro- bably get a contract even if this should mean Idie factories In France.

Government economists

here arc taking some pains to point 13 closed the President's views after out that while the short-range

White House conference. a long

prospect of substantially lower- Chairman Burnet Maybank of ing or even eliminating foreign the Senate Banking Committee dollar deleits through defence said the President's position im- sales may thus appear very at- proved considerably chances of tractive to democratic nations of the Congress giving Mr. Truman the world, the fundamental Is. the authority to impose rationing 66th and

controls over

413

331

Canadian Pacific

17

J. I. Case

40

!

Chrysler

Colgate

.24th Aug,

.16th, Sept.

Corn Products

Commercial Solvent

Du Pant

Eastman Kodak General Electric Motors

41

40

SAILINGS TO SAIGON, BANGKOK &

DJAKARTA (BATAVIA)

"STEEL ROVER"

“STEEL ADMIRAL”

ARRIVALS FROM U.S.A.

*STEEL ROVER"

"STEEL. ADMIRAL”

GILMAN

Saila N. Y.

Salled

Sulled

Soils S.F. Soiled Salled

5th Aug. 20th Aug.

Due II.K. 4th Aug. 19th Aug.

CO., LTD.

+ No A Tel: 31146

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

Tels: 28823, 25553 & 23483,

SWEDISH EAST ASIA CO.LTD.

ARRIVALS FROM EUROPE

1. "MINDORO"

.In Port

m.v. "ANDAMAN"

22nd Aug.

SAILINGS TO EUROFE

m.v. "SUMATRA”

m.v. "MINDORO"

..Iu Pori 23rd Aug.

FOR

ADEN, PORT SAID, ALEXANDRIA, GENOA, MARSEILLES, ANTWERP, ROTTERDAM, BREMEN, "HÀMBURG, COPENHAGEN, OSLO & GOTHENBURG

Decptanks available for Bulkeil

GILMAN & CO., LTD.

Fol. 81148...

Goodrich Goodyear

Homeslake Mining International Harvester

Tel. & Tel. Jolins Manville Kennecott Copper Montgomery Ward.

National Distillers

Lead

New York Central

Pan American Airways

Pennsylvania RR

Radio Corp.

wages

and

40% prices. 18

He told reporters, "The people 621% of the

country want something| long about these rising prices, The President left it up to the Congress to decide but i think 854 his statement that he will accept} 100|a bill giving him more powers

$7. than he asked for has improved. 354 constelerably the

chances for: 20 added controls."--United Press.

10

60%

18%

which cuused a defielt in the first place will not be removed.

On the contrary, it was pointed out, when the defence buying suddenly anda as it did after World War I. an econo 'mlo raversal can be “disastrousi for those nations which allow. ed their economies to become dependent on it for their pro.

perity.

Taking a long view of world economic problems, Government experts here inaintala that it will not be possible to creato lasting † or stable world prosperity depen- dent for its experience on the continual state of war or interna- tional tension. today.

LONDON STOCKS

London, July 31, The London Stock Exchange closed dull and weak 40% 14 Brokers blamed a lack of interest Investors to 91% a disposition of

of Russia's wait developments return to the Security Council. 377Government bonds sold of

Blightly. Most industrials 34% neglected,

were Financial Times index 111.4--- Associated Press,

Republic Steel

Reynolds Tobacco

Schenley

38

42%

45%

214

604

Sears Roebuck

Shell Of Socony Vacuum Southern Paufle Standard Brands

*

Oil of Calif. Oil of N. J.

Studebaker Union Bag

Carbide

US Rubber

Steel

"Lines

Westinghouse

NY COTTON

New York, July 31. Cotton futures closed $1.60 to 1814 $2.35 a bale lower today

283 October

304 December

43 May

4311 March

264

July

161 October

4576

315 Deccinber 181

Youngstown Sheet & Tube 9231 Middling

Gen. Pub. Utilities...

Higher in the curb were Cessib

38.41-45

38.43

38.41

38.30-38

37.82

They claim that most war pro- dustion is Inflationary since it creates non-productive goods des- tined to be destroyed, depleting the raw materials of the produc "Ing"country" without adding to lis real wealth-United Press.

NOTICE TO CONSIGNEES

CIE DES MESSAGERJER **MARITIMES"

Conlangs per Company's

* "DYONNA***

are hereby notlled that their parts to Meing, dacharged-litoʻjhe." "Bong Kong

& Kavljen What* A* Godawa 34.04 nominti godiwi, what. H", will be "it' Construies 34.74 nominal "rink and"? sichject “to the Wharf's'-forme 30.33 nominal) and conditions of blarday, 2 linda lebtes -Assocluted Press. delivery may balektalnád na soon so the

Aircraft, Fairchild Engine and】 NOTICE TO CONSIGNEES Aircraft. Norththrop Alrcraft and Piper Alreraft.-Associated Press.

NOTICE TO CONSIGNEES

M/V "CYCLOPS"

་

"bamazed picksgje vre ́to be left in The Gedawna" for grundsation by: from signses and the Combinds "EXCTIZACI 'Mqari, Goddard & Douglas At 130 JUM

Biturday, August 3th, ande.

Banded

M.V. “ANKING" Arrd, 317,50, Damaged cargo ex this ves- Bol will be surveyed by Messra.

To comply with the General Goddard & Douglas at Hong-wire Regulations, Canalanes" ahmet kong & Kowloon Wharf from hare #1 Rerenne Offer in i ständenes 10 am. on the 4th & 5th (when › ́anaged (Jalisğle . giyin (Chen Damaged cargo ex this ves- August 1950 and consigndes sel will be surveyed at Holl's representatives are requested Wharf between 10 am. and to be present during the sur- noon on August 3rd and 4th, ¦ Vey. 1050, and consignees are re- quested to have their repre- sentatives present during the survey.

BUTTERFIELD & SWIRE,

BUTTERFIELD

f

& SWIRE, Agents. China Navigation Co.. Ltd

Australian-Oriental Line Ltd

Hong Kong, August 2, 1900.

Hong Kong, August 2, 1950.

ד' :

"No claims will be admitted after the

nhd ́all'göedz zumálniós padelivered allig Aspioi 7087bkowist na wahbfder, is Tout,

Áki sinīms sasinat the gloamer maak

be primated to 2ho: undersyrad (ph - st

· beforsikre – Angust. FIN/HG) Zenithar will not be recogĥlimi, 1

Na Fire Incubotn will be effected,

++

CIE PRS MERSAGERIES

MARITINER

Hong Kong, Lid, Jay Dn.

Pacific Far East Line Inc.

BAN FRANGÍROD/LOS ANGELES

THE EAST ASIATIC CO., LTD.

M.S. “INDIA”

LOADING 28th AUGUST

free for

ADEN, PORT SAID, GENOA, ANTWERP, ROTTERDAM,

HAMBURG, OSLO, GOTHENBURG & COPENHAGEN

SLO, GOTI

THE EAST ASIATIC CO., LTD.

“GEOKOR” LUCKENBACH",

"CONTEST"

PYLE

Regular Trans-Pacific Service

|irw ZiOVERLAND NEW YORK-QUEIOA GO-BETHDIE/ MOTILEZAL (AND ALL AMERIGAN, #7DAMA

Aug.

Ban Franches¦6 Los Angdom.

Ban Fennelore

Hong Kong Stock Exchange

HK Govt, Loan

Jon Ex.in. Den.

Se on roda A toto) pusty. 34 Lous (IVÊN) DONA.

Banks

IK & Bhanchet Dork Ex.Dlx, 1,760.

(L. Hrg. Ex.Div. £74. Chupied Bank EN 9/10n. Mercantile ink A. & 13. £2. Bank ut Fral Auth 2018, 101.

Insurances

Cantor in, 28. Union in 75%, GHQWD. China Underwells 3. 1 Fire Ing. tảôn.

De Or

Stripping

HK Mac Bramboate itu. Iral Chinas (ref.)14.3.

(+ 5, Shells filter) 02/08. Union Waterbuals 18. Asia Nav. Obn.

Docks, Wharves, Godowns, Etc.

K&Keolub Wharves bu North Point Wharven ân, Shanghel Hongkow Whaters Clin. HK Dock 12.

China Providenta 9,200. Shahi kyards 2.3th. Wheelock B, 10am.

- Mining

Rub Minte 4.10. HK Mino allan.

Lands, Hotels and Buildings HK & Shanghai Hotels 0,600, AK Lands Men,

Shanghal. Landı it.

Humphreys Bn.

BK Beatle 1.90m

Chinese Eilates Ex.lv, 1190,"

Public Utilition UK Trstag 10.10. L'en Tram (Oh!) "IGn.

(New) 8.

Nur Forglo G.

China Lights (kali) 0.901.

(New) 6405,

#IK Electrica 10.000.

Macnu Electrics In. (Nest; 2695.

Th

(Bonus the 101/20 Sariskan Lights *.. Telephones 10!an.

(R) 15, Bhaghat dis 111⁄2n...

Industrials Call, Mues. (Onl) 22lin. Canton 1re 20 Cements $21. HK Hope an.

Sjors, Etc. Dairy Farine11156, 1984.

(RJ) 116. Watson, 20b, 114,

La Crawfords 20

Bluter N.

Chinu Emporium 8n.

Sun Co., Lt), 1.70

I wrunk Bang Hung tin

Wing De (HRS Bachir, 400.

Wm. Powell, LAN, BU

Miscellaneous

Chion Entertainmentä 140. “HK"Constructii (714) OLEON:"

(Now) 180.

Vibro Pilings 110. Matsman Investmenti 9/-n Marsman (18) 5. Shanghat Lodi Ibu. Yaugue la

Estos 2.44b.

Cottons

"Rubber, etc. Companies

Alma Estates 131⁄4n.

Anglo-Dutch 300.

Auto Javas 10

Halu Ananta 13.

Duta Plantations Db. Chemor United 80n. Cheng. Rubbers 11ib.

Consolidated Rubbers 1.6Dr. Dominion Stubbers in. Jaro-Consolidateda 051. Krta Bebron Sül Krework Javne lu Labskats 0 Padang Bubléem .104. Repah Rubbers 150. Rubber Trueja 2,300. Bemarsen Rubbers' „151, emanba Rabbits Bhp. Bhikhal Keďaka - 4.0in. Shanghal-Malays - ton - Shanghai Pahang (67). Shanghai Eumatinala. Sun Manuel A. Bungel Duris 18. Tanah Merah Kh Tebong -Hübbern „16an.. Zlangbe Rubbery „691.

**DUSINESS DONE

بود

Bank of East Asia 158 at 110116.

‚ Uklon' Isa, ́10 át 1580,† 5 atʼ#650.

Wheelock $210 mi $20,-*gu at $19. IK Tram 500 a $10.10, 100 at $10.10. Dairy Farm 500 at 201

Aaja Nav, #210 at 0E11⁄2 cente.

Gort, tit fogn (1948) #610,000 a1.95. Tebecas 5,000 1 10 emlak

Money Market

Speculation over the outcome of General MacArthur's visit to Talwan sent prices of US dollars and Industrial cold, up on the loéal market yesterday."

US dollars closed at HK$8.30% "after opening at

The (picák, rate was $3.313AZZO DEJA

TT touched HK$0.35 at the close. The opening rate was 36,84. *Industrial "gold enopenedie si HK$322+R{100};,sod was down to $315. Uefore it spurted to: $327. Just before the tuncheon” interval. In the afternoon ‚it eased off some= what and was, "town" #gang to $828.30 buford it clósod; at $920,00. Sterling was "Unchanged"?at HK$10.75% Big werk

Australian pounds was stationary Lot 1735811:00;

Planira continued nominal

The Global Fleet

TO HONOLULU & SAN FRANCISCO

viq JAPAN

"President Wilson"

'Arr. Aug. 3

Salts Aug. 4

"President Cleveland"

... Arr. Aug. 30

Sails Aug. 31

"General Gorden"

Arr. Sept. 13

Sulls Sept. 14

TO SAN FRANCISCO & LOS ANGELES

via JAPAN

"President McKinley" "President ThN",

Arr. Aug. 10 .Arr. Sopt. 2

Salls Aug. 20

Salla Sept. 3

TO NEW YORK, BALTIMORE & BOSTON via PACIFIC COAST & PANAMA "Mount Davis"...................... „Ah, Aug. 26 "President Fillmore" .................... Arr, Sept. 23

ROUND THE WORLD

Salls Aug. 27 Salls Sept. 24

VIA MANILA, SINGAPORE, COLOMBO, COCHIN. BOMBAY, KARAĆINI, SIEZ, FORT SAID, ALEXANDRIA, NAPLES, MARSEILLES, 'GENOA, NEW YORK and BOSTON

"President Monroe" "President Buchanan"

„Arr. Aug. 4 Arr. Aug. 13

Salls Aug. 5

Sails Aug. 15

TO JAYA & STRAITS

"President Fillmore” "President Tyler"

St. Georgo's Bldg.

1

2

Arr. Aug. 30

Sails Aug. 31

Arr Sopt. 15

Salls Sept. 16

Tel. 28172/L

BEN LINE

SHIP

"BENVENUE"

"BENDORAN"

"BENLAWERS”

"BENATTOW"

**GENALBANACH" "BENCRUACHAN”

"BENVANNOCH" "DENCLEUCH"

"BENLAWERS" "BENCRUACHAN" "DENDORAN" "BENVANNOCH"

"BENVENUE"

"BENATTOW"

"DENCLEUCH"

THI

SAR SAS

ARRIVALS

FROM

U.K.` vla Singapore

SAILINGS

PUE

3rd Aug.

on or alt. 11th Aug-

14th Aug.

27th Aug

29th Aug

12th Sept

19th Sept.

"

1#

24th Sept

Loading on or abt.

London, Antwerp, Rotterdam, Hamburg A Hull,

Liverpool, & Hull.

Genoa, Lo Havec,

Glasgow, Antworp

17th Aug

16th Septy

14th Aug.

23rd. Bapt.

6th Aug.

31st Aug.

28th Sept

Liverpoot, Dublin, Abftardam.

• Accepte Cargo for Japan,

abconfa Cardo for Hamburg.

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

For Further Particulars, Apply To-

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

York Building.

Agents

Telephone: 34165.-------

BEN LINE STEAMERS LTD.

FAST SERVICE TO UNITED KINGDOM

BVG CONTINENT

BY

S.S. BENVENUE?

SAILING HONGKONG ‘ABOUT 7TH AUGUST.

LOADING FOR:

KOHSICHANG, SINGAPORE, COLOMBO, ADEN. PORT SUDAN. PORT SAID LIVERPOOL, GLASGOW, ANTWERP, ROTTERDAM AND-HAMBURG.

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

York Bldg.

Reninsular

CAT Tel: 34105 & 38710,

QUIS NOS SEPARABIL

& Oriental

STEAM NAVIGATION COMPANY

BAILS;

BAGGAGE

R.M.S. COREU

NOTICE TO PASSENGERS

FRIDAY, the 4th AUGUST at NOON för the United Kingdom via Straits, Colombo, Bombay, Aden and Port Said

ALL passengers baggage must be sent to the Hongkong den Kowlooniny Wharf Co.

Bat No.: 2 GATE, CANTON ROAD

CE by NOON on THURSDAYGI

the 3rd ́AUGUST, SANTANA

SPECIAL NOTE: With the exception of hand packages carried by passengers themselves: ALL! BAGGAGE muss plow-dfitough the Wharf Co's Godown for: loadhig on board by ship's sings only

EMBA

TONI Will take place botwcen

A.m. ́and

11,15 san. da'FRIDAY, the 4 AUGUST.

MACKINNON MACKENZIE UK

Der Our