1950-08-19 — Page 12

R.I.L.

ROYAL

INTEROCEAN

SINGAPORE, JAVA

PORTS and

MACASSÄR

"VAN HEUT62" *

"TASMAN"

"TJITJALENGKA"

ARRIVALS

29th Aug. 21st Aug

LINES

SAILINGS

Toth Bapt

3rd Sept. 10th Sept. 24th 8spl.

• only to 'porc, Penang & Ol' Dill.

B MANILA, EAST &

SOUTH AFRICA &

SOUTH AMERICA

"BOISSEVAIN"

"STRAAT MALAKKA"

D JAPAN

"BOISSEVAIN"

"STRAAT MALAKKA”

ARRIVALS

SAILINGS

In Port

12th Sept. 20th Sept.

10th Sept. 18th Sept.

ARRIVALS SAILINGS

22nd Aug.

Agents: HOLLAND-EAST ASIA LINE

EUROPE vio MANILA

and MALAYA

"MELISKENK"

"MEERKERK"

"AYNKERK"

Through /. Issued

ARRIVALS

SAILINGS

carly Sept.

carly Oct.

8th Sept. carly Oct. early Nov.

to

Mediterranean and Northern

European porta."

• JAPAN

"MELIGKERK”

"MEERKEAK”

"RYNKERK”

7th Sept.

early Oct.

carly Nov.

Early Sept. early Oct.

BAKING SSBUILDINGSTILBPHONESIZZBULSETOR280|72

ESCONNISSÄHEN ISISKLE CONNAUGnsnom misgauskasing

・

MATE

ISTHMIAN LINE

(Ithmian Steamship Company New York)

DIRECT MONTHLY SAILINGS TO NEW YORK VIA LOS ANGELES AND PANAMA

*STEEL RECORDER"

"STEEL DIRECTOR"

SAILINGS TO SAIGON, BANGKOK &

DJAKARTA (BAŢAVIA)

STEEL ADMIRAL"

"STEEL AGE"

"STEEL SEAFARER”

ARRIVALS FROM U.S.A.

"STEEL ADMIRAL”

"STEEL AGE"

“STEEL SEAFARER”

THE CHINA MAIL, SATURDAY, AUGUST 10, 1880.

FINANCE

New York Stock Exchange

New York, August 17.

The stock market hit the high point of a five-week rally today, Rollrond. stocks un average

ECA

AND COMMERCE

MAKES REPORT ON EUROPE, TAIWAN

Washington, August 17.

The Economic Co-opération Administration rõpbit- od favourably to the United States Congress today an gaint in Western Europe's battle to close the dollar gáp and on the dfforts to prop up the economy of Taiwan.

touched their penk since 1918, With a tone of comparative disappointment, the

ECA also noted that the Communist invasion of South Korea had completely disrupted the economy of the country and cut short, the impressive gains made in reviving agriculture and industry.

but The market generally a

the wiped out the remnants of heavy losses which followed im- mediately after outbreak of the Korean whr. About 115 stocks sold at thele best prices for 1930. touched new Only three Issues lows. Individual gaitis

President Truman forward- į from fractions to more than two ed the ECA's quarterly report fo Congress without comment. It covers the first three months of this year.

dollars.

ranged

Transfers were 2,170,000. Brokers attributed the rise in part to the secret meeting of the United Nations Security Council, called for this afternoon by the Soviel Deputy Foreign Minister, Mr. Malik. Some thought a peace nove Was afoot. Among the gainers were Sunray Oil, Bendix Home Appliances, Baltimore and Valley Ohio Railroad. Lehigh Railroad, Chicago Milwaukee St. Paul.

LÉGAL. TANGLE OVER CHINESE CONTRIBUTION

Lake Success, August 17. Officials of the International Dow Jones averages: Stocks Bank for Reconstruction and 78.30: 20 Industrinis 217.70; 15 Development may soon be faced Rails 63.18; 10 Uulitles 39.7

Closing quotations: Adams Express

Alaska JunCDU

American Can

Smelling Telephone Tobacco Waterworks

Anacǝuela Copper Aviation Corp..... Baldwin Locomotive

Bendix Aviation Bethlehem Steel Bocing Aircraft

Borden Co.

Canadian Pacifie

J. Cusc Chrysler Colgate Commercial

real Solvent Core Products

Du Pont Eastman Koduk General Electric

Motors

Homestake Mining

Paper

The ECA expressed enthusias

in reporting that Westem Europe, as a whole, was getting her trade the United States more with elostly uc, and at the same time was reopening iha pre-was worlwide trade pattern-a ingjor long-runge objective of the Mar. shall Plan.

It said, too, that the thrasite cuts in United States pur hases and other by Western Europe countries hau hol adversely af- fected American business.

"The upsurge in United States baskiess activity absorbed almo": all the output released by the decline in exports," ECA said.

Last sunnier. the agency sait. it was evident that a baste change

with a legal tangle regarding in the pattern of world trade was the money contributed to the starling Foreign countries bega cutthig their purchases in the Bank's funds by China at its

while United States

Amerlear 93% foundation.

21% 2

5B9% 251

The sum Involved is $120,000,- business activity at home jump- .ed. Increasing American purchases 000 of which $12,000,000 is in gold

abroast,

66 and the remainder Chinese A number of countries followed

currency. This constituted 20 per Britain's lead in devaluation. 33% cent of China's total commitment

of $690,000,000, the remaluder

14 being

call" "oti

52% 421

34

49

10

The БІССК

werd certificates tested to the Nationalist Govern- ment of China, or of that time there were not twe rival regines.

Mr. E. R. Black, the President. | of the Bank, told Reuter today 43% 064% that if the holder of these certi- (the Nationalist Chinese Government) were to resign from the Bank, the Bank would be duty bound to return to them the $120,000,000.

43

43

47%

00

101

ficates

U.S. sales drop

world.

three

United States pálca, wide during the first month of this year, droppert GD per cent over the compara. tive period a year ago.

With Wastern Europe the de- eine was 40 per cent.

The result was that the Mar- shall Plan countries sharply cut their United States trade defels Othor rate. below last year's

the world-11T trading areas of the first tune since the end of the war-reported a surplus in trade with the United States.

The shifts

Asked what would happen it the Communist Peking Govern ment were to challenge such un action. Mr. Black replied that Unlied Stales 58% auch u case has never yet arisen, said, "are of the

uit he presumed

30

ал

the pattern of trade, the ECA utmost sign-

Hong Kong Stock Exchange

HK Govt. Loan

+ 1934

Loun 1934 ↳ 1980) 6.

3 Luan (98) 90, 15KUN.

Banks

K&Shanghai Bank 1,120,

Las Neg. £6

Charterest Bush In 15/idu, Meuble Bank A. ▲ 1, c2iin. Hank East Asin 1011.

Insurances

Carsten u. 400. Bulon Thabis. China Underwriters n

A Fire Ine, 1359.

Shipping

Durglar an.

A Man Steamshonla 12. In Chine (Pref,) 12th

(Def.) 5.

Shells (kr) 62/5. Union Waterbonis 18. Ariz Nov, 0215b.

Docks, Wharves, Godowns, Etc.

HK Kowloon Wharry N North Polut Wives

HK Dock 1240.

Chinn Providenta 8,706,

.

Bhanghai Dekyarde 3.206. 0.856, 35%

Wheelocks 19.

Mining

Stan Mines 4.300,

HK NI 712411.

Lande, Hotels and Bulidinga

Khanghai Hotris 0125.

BK Lund 34.

Shanghal Lauda 1.200, 1.85

Humphreys 95,

HK Rent 1.00

Chiose Etatea 119.

Public Utilities

HK Tramways 10h, 10.89. 10.004

Penk. Trams (0) 16.

(New) Ma.

Star Ferries cab.

China Lights (Oki) 91⁄2b, 2.8, 0.60

(News Gun.

HK Electcle 19, 203, 20 Menu Electrlen 1.

(New) 10 (Hons.) 105am. Borden Lulite Adan. Telephony, 103, Place.

(Rs.) 20.

Bagh as 1.

Industriais Caid, nex. Ord.) 2035m.

Canton tera 25. that it might fleance for the final success of 30% have to go to the ecurls, including the Marshall Plun, not only be

50

3rd Sept. .16th Sept.

Goodrich

Goodyear

International Harvester

.25th Aug.

22nd Sept. .21st Oct.

114

Johns Manville

4011⁄2

Kennecoli Copper Montgomery Ward

028

36'

237%

44

144

Sails N. Y. Balls S.P. Duo H.K.

· Suiled Salled 24th Aug. Sulled 31st Aug. 21st Sept. .1211 Sept. 29th Sept. 29th Oct,

GILMAN & CO., LTD.

Tel: 81140

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

SWEDISH EAST ASIA CO.,LTD.

ARRIVALS FROM EUROPE

the International Court of Justite, cause of the reduction of the

Reuter. Tel & Tel

National Distillers

Lenet

ark Central Puckard Motors

New York

Pan American Airways Pennsylvania HR

Radio Corp. ... Remington RandTM Republie Steel Reynakis Tobacc Schenley Sears Roebuck Shell Ou

Socony Vacuum Southern Pacife

Standard Brands

.t

Oil of Calif.

Oll at N. J.

Studebaker Union Bag

Carbide

US Rubber

Steck Lines

Westinghouse

4X4

18

U.S. LOAN FOR FRANCE

Paris, August 17. The French Government has obtained a $229 million oun from 18 a nationwide group of American commercint banks, the Finance Ministry unnounced here today," The group is headed by the Chase

National Barik und J. P. and Company, Incor Morgan porated,

301%

34

40

4445

48 French

United States trade surplus but because they reopen the pre-wor multilateral trading pattern by which Europe pakt for part of t imports from the United Stale with dollars carned from exports

other

areas."

to

Regarding Talwan, the agency reported stenly efforts to stabilise the island'e economy which stag gered under an increasing burden of military expenditures.

Military drain

At the end of March, the ECA said the Chinese Nationalist Gov ernment was resisting strong in.

Anancial clrcles be-flationary pressures.

"Favourable prospects for 1050 22% leved that the loan would be

used to finance State expendi-food crops," it Bald, "together 113 ure which could not be met un with the arrival of ECA-financed

02

zure

711 der

the existing arrangement imports of key commodities, in- dented I less restricted supply for advances by the Bank of

of

31 France and without further sale However, the drain

4014

Youngstown Sheet.

Tubo

Gen. Pub, Utilities

m.v. "ANDAMAN” m.v. "TONGHAI!

.28th Aug. .Early Oct.

Rall bonds advanced

curb

gainers were

BAILINGS TO EUROPE

m.v. "MINDORO"

m.v. "BENGAL"

...23rd Aug. End Sept.

FOR

ADEN, FØRT SAID, GENOA, MARSEILLES, CASABLANCA, ANTWERP, ROTTERDAM, BREMEN, HAMBURG, COPENHAGEN, OSLO & GOTHENBURG

Dooptanks available for Balkoli

GILMAN & CO., LTD.

m.v.

Tel. 81140

SWEDISH EAST ASIA CO.LTD.

MINDORO"

AUGUST

LOADING 22nd. Agusse SAILING 23rd AUGUST

ADEN FORT SAID GENOA, MANSÉILLEN,

SANTRI

of Treasury gold.-Reuter.

NY COTTON

ephaumer goods.

on the Imposed by island's resources military requirements was of such

a magnitude as to make extreinely Bifficult the efforts to achieve! economic stabilisation."

New York, August 17.

During the first quarter of this Calton futures turned strong in 05:4 15ctive trading as mlits bought of a year, $3,200,000 worth of cottor, Among broader scale, lufluenced by tightfertiliser yarn, wheat flour and cumulative brought the Louisiana supply corialderations next Spring soya beans arrived in Talwan.

bale This Land. Pancoastal Oll, Waltham Closed $1.95 to

toini to $10,000,000 while $1,000,- Watch and Barium Steel-Asso- higher.

QUD in aid money remained un ciated Press.

disturbed.

LONDON STOCKS

Indon, August 17. Some British Government issues movod, to the highest | levels of the year in the London stock market today.

Issues of

October *December

March

May July

October

В $2.05

37.87.

37.07-98.

38.13-14.

38.00.

37.03.

34.40-49.

The ECA continued to sponsor for improving a programme

agricultural techniques, produc- tion and living conditions in rural areas and helped to boost 34.39 nominal. the production of a Talwanese 38.82

fertiliser plant-Reuter. Associated Press.

• December Middling spot

BANK LOAN FOR AUSTRALIA

Cements HK Rope

Stores, Etc.

Dairy Farm 195%.

(Bob EDEN

Watson 2114, 213, 21.

L. Crawford 20.

Sinceres n.

China Emporium Bien,

yan Co., Ltd, 1.10. Kong Bang Hong Wing OK) 456- Wm. Powell. 11, 86,

Miscellaneous

Chim Entertainments 21 1K Constructiona (Oki)" klank.

(New) 1.500,

Vibro lines 11.

Marman Investments 5/- Mareman (UK) 30. Abanahal Loch 70b.

anabel pior, 200. Tangleses Plán.

Cottons

From 340- เ

Aubber, etc. Companies

Alma Estates 12. Anglo-Dutch 30. Anglo-Jura .16b.

Batu Anine 19Vn. frate Plantations. Clear United .48m. Chenk Rubberá ‚16b. Corisalidated Rubbers 1.55L. Dominion Rubbers in. Java-Consulidateds 950.

Kota Balon #6b.- Kronwork Joras .1236. Länkkein „Job.

Päbinić Rubbera 166, Repah Rubbers 18h. Rubber Trusts 2.200. Bagan Kubber fon. Semambu Halibers 50b.

·Shatighal Kedah$ 4,155, Khanahá1-Malája (106)

+

Shanghat, Pahang Co. Shanghai Sumatras lb. Sua Manggis 100. Burrel Buriá 182 Taliah Beta EKDIA, AID. Teborg Rubbers 15mm. Zangle Hubbers 530.

BUSINESS DONE (*Direct buslvėms)

KE Bank 30 a $1,120. Shangbal Dock 0,900 nå $334, *2,100 mi

$34.

such nationalised CHICAGO GRAINS industries as electricity, coal,

Chicago, August, 17. -

Lake Success, August 10. transport and gas found a rising market due apparently to a hed All cereals except wheat ended

Mr. E. R. Bidek, President of possible

A fitilo trill buying bigher lower.

the international Bank for Re315 Train 400 at $10.00, 200 a $10.60, gung against

bolstered wheat in 'dull trading construction and Development taxes.

Flanncial Times' Index 1132.- Wheat finished to higher. said today that negotiations for a $2.25-$2.25 % Ican to Australia were in delive Associated Press.

$2.20

douche, but it was deathst the $2.29 -1. Bank's policy to reveal detalls,

One of the purposes for which Corn was to 1-%% lower.. Oats were % to 3% lower. Australia desired the Idan, “Mča Rye was to 1% lower. Black added, was to help finance Boybeans were 1-14 to 2 cents Thelf farge Immigration, progtám-

fae Houter. lower-Asociated Press,/^

San Francisco, Augnt 17. Ship departure, Bengal for Manti. Debatture on August 10, Hulda Maersk for Manila.-Asso- elated Press.

September

December

March

*200 at $10.00, 600 at 510.40,- -| China" Light (058) "koà áɩ #900; 400

* 15.50- HK Fleetle 30% de Riuña, eco ut $1994. Telephone 100 ME BENELLI MAN Dalry Farm (lightaj• #233 #V.CD conta,

No ai do ́ceniaj. 18507) at Go centa," Watson, 800 mi 2215, 200, ĶE #111%. Cast: Lion (2949) $10.000 at 3 Tebunan 1,000 si, is denta, v Emporfama 200 at 85%, 200 93% Lahe, Crawford 109 40,920.

AMERICAN PRESIDENT LIVES

St. George's Bldg.

Tel. 20172/6.

„TO-HONOLULU & SAN FRANCISCO

Pres. Cleveland don. Gárdon Prep. Witzan

via JAPAN

Arr. Aug. 30 Baile Aug. 3! Arr. Ebpt. D Salle Sept. 7 20 19 Balls Appl. Arr, Sept.

TO SAN FRANCISCO & LOS ANGELES

Pres., McKinley Pret. Tait

via JAPAN

مستاصل شهر

Arr. Aug. 21 Sails Aug 22 Arr

0 acpt. 7 Salla Sept.

TO NEW YORK, BALTIMORE & BOSTON

via PACIFIC COAST & PANAMA

28 Baile Aug.

Mount Davis Prez

Fillmoro

Arr Aug.

Arr

Oct.

3 Bails

Oct.

ROUND THE WORLD

- VIA MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAY, KARACHI, SURZ, PORT SAID. ALEXANDRIA, YORK and NAPLES, MARBEILLES, GENOA, NEW BOSTON

Pres. Harding

Arr. Aug.

30 Sails Aug. 31 PHH Vân Quán N Arr. Sept. 16 Sails Sept. 17

BEN LINE

SHIP "BENDORAN

S"DENALBANACH"

"DENATTOW"

"BENORUACHAN”

1"BENVANNOCH"

718

ARRIVALS

FROM

...... U.K. via @ingapore

"BENCLEUCH" "BENVORLICH" "BENMACDHUI”

SAILINGS

"BENCRUACHAN" "BENVOR ICH?

"GENDORAN” "BENVANNOCH":

"BENATTOW"

"DENCLEUCH?

London, Antwerp, Rotterdam, & Hamburg

Genos,

Le Havre,

Liverpool, & Hull.

DUR

In Por

25th Aug

22nd Bapt

on or abt. 28th Aug

#

12th Sept

24th Sept

16th Oct

"

29th Oct

ļ

Liverpool,

Glasgow,

Dublin, Antwerp

A

Rotterdam.

Loading on or ADR

16th Bapt

19th Oct

K/Wharf 26th Sept

31st Au

28th Dept

1 Accepts Cargo for Japan. §. Accepta Cargo for Taku-Bar & Japan

Via Singapore, Cólómbo, Part Sudan, Adth, & Suez Canal.

For Further Particulars, Apply To-

***

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

York Buliding.

Telephone! 34165.

THE EAST ASIATIC CO., LTD.

M.S. “MORELIA”

LOADING ABOUT 30th AUGUST

M.S. "INDIA"

LOADING 3rd : SEPTEMBER

for

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

• M.§. "INDIA” WILL ALSO CALL AT ALEXANDRIA,

THE EAST ASIATIC co., Queen's Bldg., Zad Spor,

LTD. Tel. 2111 @ Ahir

ISTHMIAN LINE

(Isthmian Steamship Company, Now, York)

Pacific Far East Line J Money Market S.S. “STEEL RECORDER

Fast Regular Trans-Pacific Service

BAN TILANDÍGod; LOS ANGELE

#1, L, LUGHENBAUM"

DAM-- DREMEN, SLD & GOSHENBURG.

""FLYING #CUD”(1)

OVERLAND

NEW YORK-CHICAGO-DETROIT TORONTO MONTREAL AND ALL AMERICAN & CANADIAN OFTIES.

US. dollars. again, took the up grade. Féntérday, opening at HK$0.33% and closing at $0.0014. These were the lowest and high- est rates of the day, mi

TT opened at lik$0.39 and. closed at $0.41%. *Industria) gold alio

recovered.

Opening at Hit$300 a tools it went up to 1909 at the olvad. Fluctuation Tanged from $305, to

unchanged

lan pounds operind and eloped "A TE

LOADING 2nd SEPTEMBER

SAILING 3rd SEPTEMBER

FOR

– LOS ANGELES OF NEW YORK

GILMAN

CANAL

CO., LTD.