1950-08-03 — Page 12

R. I. Le

ROYAL

INTEROCEAN LINES

SINGAPORE, JAVA

PORTS and

MACASSAR

"TJITJALENGKA"

"VAN HEUT8Z" •

ARRIVALS

11th Aug.

20th Aug.

only to B'pore, Penging & Del Dell.

MANILA, EAST &

SOUTH AFRICA &

SOUTH AMERICA

"TJIKAMPEK"

"AUYO"

"DOISSEVAIN"

"TJIPANAS *

* not calling South America

JAPAN

"RUYS"

"TJIKAMPEK"

"BOISSEVAIN”

"TJIPANAB”

Agents:

ARRIVALS

16th Aug.

ARRIVALS

0th Aug.

0th Aug.

Bih Sept.

12th Sept.

SAILINGS

16th Aug 4th Sept

SAILINGS

7th Aug, 7th Aug,

10th Sept. ..14th Sept.

SAILINGS

22nd Aug.

HOLLAND-EAST ASIA LINE

⚫ EUROPE vlɑ MANILA

and MALAYA

"MARIEKERK"

"MELISKERK"

"MEERKERK"

ARRIVALS

0th Aug. early Sept.

and to

Through Be/L

Moditerranean and Northern

European ports,

JAPAN

"MARIEKERK”

"MELISKERK"

"MEERKERK"

SAILINGS

10th Aug. early Bopt.

early Oct.

. 9th Aug.

Darly Sept. early Oct.

12th Aug. early Sept.

BEKING'STRUIDINGEËI CLEPROSYSTÉRRA KATEMIA

BE ZA CONSCAAGENTSEBLE CONNAUGHTERGADE GEHINGUMONIZ

ISTHMIAN LINE

(I thalan Steamship Company New 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 ROVEN"

*STEEL ADMIRAL”

'STEEL ROVER"

ARRIVALS FROM U.S.A.

"STEEL ADMIRAL"

Ball, N. Y,

Sailed.

Sailed

GILMAN & Co.,

Tel: 31146

6th Aug. ....20th Aug.

Salls S.F. Due H.K. Sailed Salled

5th Aug.

19th Aug.

LTD.

Chinese Freight Agents: HIN FAT & CO., LTD. Tole: 28823, 25553 & 23489.

SWEDISH EAST ASIA Co.,LTD.

ARRIVALS FROM EUROFE

.In Port

m.v. "MINDORO"

m.y. "ANDAMAN”

.22nd Aug,

SAILINGS TO EUROPE

m.v. "SUMATBA"

..In Port

m.v. "MINDORO”

.23rd Aug.

FOR

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

Beepfanks available for Balke

GILMAN & CO., LTD.

TEL #1140

THE EAST ASIATIC CO., LTD.

M.S. "INDIA"

LOADING 28th AUGUST

for

ADEN, PORT SAID, GENOA, ANTWERP, 'BOTTERDAM, FLAMHUBG, OSLO, GOTHENBURG & COPENHAGEN

-THE FAST ASIATIC CO., LTD. Queen's Hiša, End Adm

FINANCE

Hong Kong Stock Exchange

HK Govt. Loans

4% Loan Ex.inl. Dan.

14 Janu (1974 4 2030) 00:4n. 356 Loan (19) 8.

Banks

HK & Shanghai Dank. Ex.DIY. 1,180,

(Lon. Reg.) ExDlr. Enn. Chartered Bank £# 0/10.

reale Bunk A. & V. £22. Bank of East Anik 102.

Insurances

Canton Ton, SEDA,

Valon Ine, 75b, ERS.. Chine Underwriters . HR Fire Ind. In.

Shipping

Than 150.

C & Mac

Rioumboats 19...

Indo China (PreC.) 12

(Dr.) Bp.

Shell (varer) 07/6n.

Union Waterboala 180.

Akin Nny, San.

Docks, Wharves, Godowns, Etc. IK Kowloon Wharves bbi North Point Wharver En. Shenzhengkew Wharyva án.

Kocke 15.

Chinn Providenta $200. Shanghai Dockyarda 2.706. Wheelocka tle.

Mining

Raub Ho 4.70m.

HK Mines 01.

Lands, Hotels and Building

Bhanahat Totola 4.01.

HR Lenda .

Whooshal funds 7.05h 1.1094. Humphreys Sn.

JK Benin 1.30.

Chinese Estate Ex.Div. 11.

Public Utilities

JK Tramways 10.

Peak Tram 1018) 180.

{New Bn.

Star Ferries Gân.

China Lights (D18) 0.20, 034. illow) 1.901.

HK Electrics 1994, 199, 144410, Macno Electrics 11.

"

(New) 10.

(on Uh.) 10. Sandakau Lights Rain. Telephones Pen.

iJin.) 20. Shanghai Go 1.

Industrials Cald, Maen. (Orl) $21⁄4μ

Canton Ice 3.

Crments 8źn.

HK Hopes 13n,

Stores, Etc. Dairy Farma 175, 110

(.) 1. Witione 20, 2114. I., Crawford 20. Slater 2.

Chinn Emperium 8n. Hun Co., Ltd. 1,70n.

Kwang Sang Hong 74n. Why On (HK) Ex.Div, (6m. Whe, Powell, Ltd, Su.

Miscellaneous

China Entertainmenize Tân. IIK Constructions (Did) 2.400.

(New) Jabe,

Vi Tilings 111n. Marama Investment» 9/-n. - Marsman (1K) Mán. Bhanchal Lean 70n. Yanghres lan.

Ewon 2.450.

Cottons

Rubber, olc, Companies

Alma Painted Fin.

Anglo-Dutch 100.

Anglo-Jaynu 751.

Hata Ausma 2źn.

Bute Plantations 30

Chemor United 50s.

Cheng Hulbers 101. Consolidated Holders 1,607.

·Domialon · Rubbers · 12.----- Java-Courolidateds .058. Kain Bahree 85b, is, Blan. Kroewook Jayan (1236b. 36. Lanakate 301.

Padang Rubber 10. Repah Rubbers dän. Rubber Trusts 2164. Ramagoga Rubbera n. Hemambu Bubbern,30h. Shanghal Kedahi 4.8āu. Shanghai-Malays 10. Bhanghal Pahang 700. Shanghai Sumatras in, Fun Mantels 10. Bungel Durin 17a, Tantali Moraba 455.

Tehong Rubbera (124ḥ, „1820, Zlangbe Rubbers Lin

BUSINESS DONE

Union In 20 at 2486.

Bbangha Land 2,097 at $1.10. JK Trim 400 at $10, $109 at $10. China Light (Old) 500 pt 30. BK Electrin 100 at DIN 9205114.

203 at #18%, *100 at $1814.

Telephona. 200 at $11.

Dalry: Farto 400ml $11.

Watson 100 at. $2036

Aula Nay. $1,000 at 6231⁄2,cents.

Chemor Ualled *250 at 60 cents.

Rota Bahroa 10 at BG repte, 2009 at

Rents,

Krooworka 2,050 at 15 gente. Tebou 6,000.25 10 vente.

Jada-Chlorë (Pinf.) "{£! ut $12.

AND

COMMEROC

U.S. SENATE VOTES LOAN FOR

Washington, August 1.

FRANCO

The United States Senate today voted a $100,- 000,000 Export-Import Bank loan to Spain. The vote was 65 to 15.

The vote was the first official friendly gesture to General Franco's Government since the Unit- ed States, acting with other members of the United Nations, withdrew its Ambassador from Madrid.

of

Mr. Pat McCarran (Demos crat-Senator) had proposed carmarking $100,000,000 Economic Recovery funds for Spain, but the Senate decided Instead to direct the Export- Import Bank loan.

The vole came after Democra- tle leaders withdrew their objec- flons in the face of appeals that Generalissimo Francisco Franco's nid was vital to the fight against| Communism.

If the House Bitrees, the move may force a major shift in United States policy toward Spain,

to

State Department officials were greatly surprised at the Senate's action, but declined to comment pending clarideation of the exact nature of the loan proviso.

The

the Sonate agreed Spanish loan after taking steps Lo make sure the money would! not be taken out or $2,320,000,000 approved un Monday for the

instalment third-year

of the Marshall Plan.

A substitute proposal authoris- rd the ECA to borrow money from the Treasury without affect-

nut ECA's own funds.

Subject to review

The action is subject to final; review when the Chamber votes on the overall $32,599.- 000,000 one-package Monday bill on Wednesday Thurs

day. Aid funds are included. If Anal Senate approval is given, the House must still net on the Spanish loan.

It voted to include Spain in the Marshall Plan last year, but the Senato killed the plan.

Bank grants lóan to Thailand

Bangkok, Au bột 1, Thailand has been granted a loan of $10,800,000 by the International Bank for recon- struction and development,

the Prime Minister, Marshal Phibul Bongkenmi, annopriced saday.

arc

ho

A

of

Two additional instalmente he expected from the Bank,

Blamese mission reven. will go to Washington It will be In September. harded

Prince bv

Varn Valtoyakorn, Thailand's Am- bassador in Washington.

include technical parts-Router.

will

New system

of going to Canton

In view of the recent in- creasing number of passengers travelling on the Hong Kong- Macao-Canton route, the Ming Sung Company, owners of the tomous aluminium "Meng" inaugurated TOW

New York Stock Exchange

Now York, August 1. A ponderous advance carried the stock market forward today for the fifth time in n row. Favoured issues moved up from, fractious to around US$2 a share. Closing prices were at or near the levels of the day. Airlines, steels, automobiles, rolls, chemi- and materials cols, building utilities were moni in demand.

1,070,000 Transfers talled sharce.

The rise was slow and cautious but there was never any doubt that the main trend was forward; 020 issues advanced and 248 de-: clined.

Trans- Among miners were world Airlines, Eastern Airlines, United Airlines, American Air Hines, Willys Overland, Sunray Oil, North American Aviallón, Curtiss Wright.

Dow Jones averages: Stocks 76.92; 20 Industriais 211.87; 15 Rails 01.27; io Utilites 30.04.

Closing quotations: Adams Express Alaska Juneau American

•

Sincitin

Telephone Tobacco

17 Waterworks Anaconda Copper Aviation Corp. Baldwin Locomotive Bendix Aviation Bethlehem Steel Boeing Aircraft Borden Co. Canadian Pacifie J. I. Case

House approval would confront vessels, President Truman with the ques-system for the convenience of Chrysler tion of whether to accept the these passengers.

In addition to Marshall Plan funds for economic ald, this see- tion Included money for forel military old.

+

Colgate

Commercial Solvent

and Du Pont

Molors

Spanish proviso or veto the en- "By arrangement with Macao Cor

Corn Products tire bill and cause possible firms operating. vessels plying serious disruption in the flow of regularly between Canton aid funds abroad.

the Portuguese Colony, the Ming Eastman Kodak After the Spanish aid vole, the Sung Company here accopis book- General Electric Senate, by volce vote, upproved ing for the whole passage to the entire $4,539,000,000 foreign Canton via Maeno.

First class Goodrich fare for the whole trip is fixed Goodyear all section of the bill,

at $29.50 for each passenger.

Homestake Mining Each passenger is entitled to International Harvester

Tel & Tel carry five pieces of luggago free of charge. For every additional Johns Manville

the charge is Kennecolt Copper piece of luggage, fixed at $3 for the whole trip Montgomery Ward between Canton and Hong Kong, National Distillers

Lend including loading, transhipment,

of luggages for New York Central end unloading The passengers AL the three Packard Motors

Than American Airways ports,

The British motor-vessel Kwang Pennsylvania RR

Corp. Sol, which has undergone over- Radio

"Sheer realism" Chairman Millard E. Tydings, the Democrat, of Maryland Senate Armed Forces Committee. sald Spain is necessary to the defence of the U.S.

"we

"In sheer realism, in sheer de- fence," Mr. Tydings said, thould bring Spain into the orbit

of the Western European coun. hauling in the dock during the on Rand tries combined with us.

+

She

Steel

past eight weeks, will resume Senator Herbert R. O'Connor. saling to and from Macao at a Reynolds Tobaces

new schedule next week.

Schenley Maryland

Democrat, sald the will be the only vessel sailing Sears Roebuck U.S. poured billions into Russia from Hong Kong to Macao at Shell Oil during the

War

and thai the midnight. The Company hopes Socony Vacuum U.S. Is alding Great Britain, that passengers who Anish the Southern Pacific

day's work late will be able to Standard Brands catch the last vessel to Macno where they will arrive early next morning.

Socialist nation.

Mr. O'Connor said:

We

around the have world giving funds here, there and everywhere, and yet we te fuse to aid a country that would be of real service to us, whour ople are friendly to us and whose present needs stem direct- ly from thelr valiant fight against Communism." Reuter United Press and Associated Press

CHICAGO GRAINS

Chicago. August 1. Grain futures took the upward werd trail today but soybeans Went downward, Mill buying bpistered wheat, Grain Wa trengthened by light receipt

clused unchanged 12

Whent higher

September.. $2.25 16:52.35. December .. $2.28 14-82.20. Merch ..... $2.30.

Corfi was 1 to 34 higher. Oats were higher to 15

lower.

lower.

Rye was higher, to: Soybeans were 2-4 to 4-5

Money Market lower-Associated Press.

US dollars opened yesterday at

HK$0.911⁄2"and closed at 80.322

The peak rate, just before punch, was $0.32%.

LONDON STOCKS

London, August 1. Arrival of Ainerican' Teinforce- opened at HK$6.30 and monts in Korea' gave the London closed at 80:39.

Stock Exchange a better long Industrial gold opened as today and it

It

34.50 ond closed at $327.30) d" "Hotel de cloaed 'on') almost all-way climb. Reports of Amoylean buying of

bhosted some inques" as much" "ps

STAL down

Ave-cents to South African gold mining flocks

Dounds wereals/0d

DOLLAR JUMPS ON ROME MARKET

"

Oll of Calif.

+

Carbide

10%

S.S. “PRESIDENT WILSON”

will sail for

HONOLULU and SAN FRANCISCO

via Kobe and Yokohama

'on FRIDAY, August 4th, at MIDNIGHT

Passengers are requested to board the vessel on Friday, August 4, between 8.00 P.M. and 10.00 P.M.

Baggage-room and Hold baggage will be received in Godown No. 50 of the Hongkong & Kowloon Wharf & Godown Co., Ltd., entrance through Gate No. 2, Canton Road, Kowloon, on Thursday, August 3, from 9.00 A.M. to 'toon and from 2.00 P.M. to 5.00 P.M.

St. George's Bldg.

Tel: 28172/5.

BENDL BEN LINE

CHIP "BENVENUE" "BENDORAN” "BENLAWERS" “BENATTOW" †BENALBANACH" "BENCRUACHAN” "DENVANNOCH" "BENCLEUCH"

"DENLAWERS" "BENCRUACHAN"

"BENDORAN".

"BENVANNOCH"

"BENVENUE” “

"BENATTOW!!

"BENCLEUCH”.

FRE LAST

ABRIVALS

FROM

U.K. vip Bingapore

SAILINGS

DUR

3rd Aug.

• 14th Aug

on or abt. 11th Aug.

#

#

Landon, Antwerp, Rotterdam,

& Hull.

Hamburg

Liverpool, & Hull. Gener Lo· Hayre,

Liverpool,

27th Aug

20th Aug

12th Bapt.

*

19th Sept..

24th Sept.

Loading on or abt.

17th Aug

18th Sept

..

14th Aug

23rd Sept.

7th Aug"]

Glasgow.

ajet Aug.

28th Dept.

Qubijn, Antwerp

Rotterdam.

+ Accepta Cargo for Japan,

accepta Cargo for lemburg.

Via Singapore, Colombo, Port Budan, Adın, and Buss Canal

401%

no

539

2314

4204

145

10%

18

104 124

York Building.

287%

4444

451

Oil of N. J. Studebaker Union Bag

US Rubber

Slec

37 Rome, August 1.

101 The U.S. dollar, bounced up 20 Westinghouse polats, to a top of 802 Lire to the Youngstown Sheet & Tube. 83% dollar on the free market in Rome Gen. Pub. Utilities... 15% today. The close yesterday Was Bonds were higher. There was 662,

Among new demand for rails. Exchange market circles at- curb gainers were Barlum Steel, tribute the advance to a surge of Cessna Aircraft, Cilles Service, industrial' buying in the United Creole Patroleunt. A ssolated States, creating a heavy demand Press. for dollars here.

The legal rate is 024.

Today's price is the highest since devaluation of the Pound, which pushed the rate up to close to 700 Iro to the dollar---AB40-| clated Press

NEW ORLEANS COTTON

New Orleans, August 1, Colton futures closed $2,45 p 12.30 a bolo lower.

October

December

March

97.70-70. 3778-77.

Jay July

bid. Spot colton $2.25 @ bale lower. Middling 37.05.

-Asociated Press.

New York, Auguri 1.

+

NY COTTON

New York, August 1. Cotton futures were reaction- ary for the second consecutive, session. Prices were under the Influence of hedging and profi talsing. Closed $1.75 to 12.80 a bale lower, Delobor

30.00. December

March May July October

:

37.94-35,00.

30.00.

31.04.03.

37.80.

34.67 noming). 34.38 bid. 30.30 nominat. Ausgelaled Press.

December. Middling spot

NY SUGAR

Domestic sugar' futures number down Ave cents to HK$11:05. Some of the war bables weak-six closed four to six lower

September 5.62 hominat Plastres continued nominal, at}.

ened in the face of propf-taking. "March

.8.34.bid., HK$12 a 100.

Sbert-dated British devern- Domestic sugar futures number 10 am, on the 4th: 4 ment bonds gained fractionally on ave

quiet.. No sales, buying credited to reinvestment

Tionis at HK$27.50 a 100, and NEI Guljders at HK$2.50 4. 100, were unchanged. -

TEXTILE MARKET

New York, August 1.. „The cotton, foxide, markobywan gulct Joday but strong. Fighty.| saupra print, plotia, advanced M Link to 20 conta 4. jaril.

Woollen Food and savons res quiet, Munkwere kelimally. Jeng far increased cotton signals? mand from, Europa" nd".

NOTICE TO CONSIGNEES M.V. “ANKING" Arrd. 31.7.59. -Damaged cargo ax this ver- sel will be surveyed by Messts. Goddard & Dougins of Hong- korig & Kowloon Wharf from 5th August 1900 and consignees augar tutures number representatives are requested to be present during the Bur- vby:

of funds freed by redemption of four closed 12 lower Brazili borici.

The Financial Times' Index was 111. Associated Press.

WOOL SALES

"Alpkland" Aumist: 1.

September January March ду

3.34 nominal. 4.00 (4.88 nomina) **Raw sugar' spot.... 4.24 nominali

Associated Press.

Now one at the

Copper- futuros Today Step# "American, bilginig 55

Sep

to good gradel jold ́at

· BUTTERFIELD

*& 'SWIRE;

Agents,

China Navigation Co.,

Australian-Oriental

Line Ltd. N

Kong, August... 2, 1950.

For Further Particulars, Applu To-

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

Agents

Telophone) $4165.

BEN LINE STEAMERS LTD. FAST SERVICE TO UNITED KINGDOM & CONTINENT BY

'S.S. "BENVENUE"

LOADING FOR:

SAILING HONGKONG ABOUT 7TH AUGUST.

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

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

..York Bldg.

Peninsular

Tel. 34105 & 38710..

NOS SEPARABL

& Oriental

STEAM NAVIGATION COMPANY

SAILS:

BAGGAGE:

R.M.S. “CORFU NOTICE TO PASSENGERS

FRIDAY, the 4th AUGUST at NOON for the United Kingdom via Straits, Colombp, Bombay, Aden and' Fork: Baid."

"ALL" passengers baggage must be sent to the Hongkong & Kowloon Whatt.Co.'s Godown at No. 2 GATE, CANTON ROAD ENTRANCE by NOON on THURSDAY, The ard AUGUST,

SPECIAL NOTE: With the exception of hand packagen

carried by paperngere -thenssolves. All BAGGAGE must pass through the Wharf “Hedown" for: loading "on board” by ship's slippa puly,

EMBARKATION: Willi tako place between 939 am, and

18.10. 2.2. on FRIDAY, the

MACKINNON MACKENZIE A

SSAGENTE:

AUGUST