1950-08-24 — Page 12

Page

R.I.L

ROYAL

INTEROCEAN

SINGAPORE, JAVA

PORTS and

MACASSAR

"TABMAN"

"VAN HEUTBZ” •

"TJITJALENGKA"

ARRIVALS

4th Sant.

In Part

10th Sept

only to S'pore, Penang & Bel Dell,

@ MANILA, EAST &

SOUTH AFRICA &

SOUTH AMERICA

"BO 185EVAIN"

"STRAAT MALAKKA"

• JAPAN

"BOISSEVAIN"

"STRAAT MALAKKA"

LINES

'BAILINGS

8th Sept. 10th Sept. 24th Sept.

ARRIVALS

SAILINGS 10th Sept. 20th Sept.

ARRIVALS SAILINGS

9th Bopt.

19th Sept.

Agents: HOLLAND-EAST ASIA LINË

EUROPE via MANILA

and MALAYA

"MELISKERK"

"MEERKERK".

"RYNKERK"

Through

Bo/L rued to

Mediterranean and Northern

European porta

O JAPAN

"MELISKERK”

"MEERKERK"

"RYNKERK"

RITE 28

CHINA MAIL

THURSDAY, AUGUST 21,

FINANCE AND

COMMERCE

New York SPECIFIO OBJECTIVE OF LONG-RANGE U.S. ECONOMIC

Stock Exchange

•

(Here is the accond of three articles dealing with the United States programme for economic assistance to matians still non- cially unstable after the Marshait Plan ends in 1052).

New York, August 22 The stock market stalled to- day after, an early attempt to extend a five-week rally. At the final beil, losses outnum+ bered gains. Prices scurcalý budged, however, in the slow- The est trade in week. Most changes were fractional Transfers

1,550,000 Ahures.

were

Seven of the 15 most active stocks advanced and four d clined. New highs for the year were touched by about 40 issues. Among two hit new lows Only

gainers were, Pepsi Cola, Dry, Timiren, Detroit Union Hudson Motor,

the

Pacific, Nlakel Plate,

ARRIVALS

SAILINGS

Canada Axle,

7th Sept.

early Oct.

8th Sept early Oct. early Nov.

7th Sept.

early Oct.

11th Sept.

carly Nov.

early Oct.

KINGS BUILDINGSTELEPHONESPROMOTOR280ITE

Tumblors

Included Santa Fe,, Baltimore

and Ohio, Douglas: Aircraft, United Aircraft, Lock- heed, Pure oll and Sinclair OD.

Dow Jones averages: 73.00. 20 Industrials 210.70; Rulls 63.00; 10 Utilities 30.56.

Closing quotations!

Adams Express

Alaska Juneau

Flean Can

Amerk

Stocks

10

2135 2TA

971 502

Smelting

*Telephone

Tobacco Waterworks

152 C6

7

144

34%

Baldwin Locomotive

Bethlehem Strel

42

Canadian Paelle

STRE

TSZED

ISTHMIAN LINE

(I-thmian Steamably Company New York)

DIRECT MONTHLY SAILINGS TO NEW YORK VIA LOS ANGELES AND PANAMA

SAILINGS TO SAIGON, BANGKOK &

DJAKARTA (BATAVIA)

Anaconda Copper

Aviation Corp.

Barnsdeli

Bendix Aviation

ning Aircraft

Boring

Barden Co..

J. I. Cusc

Chrysler

THE STO

"STEEL RECORDER"

"STEEL DIRECTOP"

-STEEL ADMIRAL”

"STEEL AGE".

"STEEL SEAFARER”

ARRIVALS FROM U.S.A.

"STEEL AUMIRAL”

"STEEL AGE"

"STEEL SEAFARER"

+

BY VINCENT WILBER

:

POLICIES Hồng Kông Stock Exchange

fascitamin A Washington, August 22 Presidential Special Assistant a Gray, has been instructed by the White Ho to draft a long-range, world-wide econo policy for the United States after the

shall Plans onds in 1952 with the spect objective of raising the level of trods democratic nations to a point which

vide full employment, greater production and higher standards of living.

These are among the goals President Truman set out in a memorandum to Mr, Gray on his ap- pointment to the newly created post which many officials here feel. carries with it the most important economic assignment since detailed plan for General George C. Mar- shall's ECA programme were drafted here in 1948.

+

Mr. Gray has just begun his work. He is expected to utline all the resources of the Federal government in preparing his study.

tions requires vigorous_and_sus-' tained United States effort."

ECA officials here point out that oven before Mr Gray was appointed to his now "post, the ECA administrator, Mr. Paui Officials said President Truman Hofman, had started to, swing kos made it clear he wants the the weight of his huge organisa- present wide. disparity between tion away from its frst two 493% United States Imports and ex-yours' objective of getting Euro- parts reduced as soon as possible pean production under way and 33% and the extraordinary or eoer toward this more fundamental 40% gehey type of ald to other nations problem of helping participating

ended by the close of 1952.

nations to sell their goods to This does not mean the end of America... foreign assistance but simply that Mr. Gray's job is to bring about a different type of bene

more permanent and sounder Trade, Promotion Divi-

89%

173%

4714

10

297

42

Colgate

Commercial Solvent

Corn Products

05

18

Du Pont

81%

basis.

Eastman Kodak

Electric Light & Power

General Electric

Motors

Goodrich

3rd Sept.

Goodyear

..17th Sept.

.25th Aug. 22nd Sept.. .21st Oct.

Paper

Salls N. Y.

Salle S.F. Due H.A. Sailed 24th Aug. 31st Aug. 21st Sept. 12th Sept. 29th Sept, 20th Oct.

GILMAN & CO., LTD.

Tel: 31118

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

Homestake Mining International Harvester

16

Tel & Tel Johns Manville Kennetott Copper Morgonry Ward National Distillat

Lend New York Central Packard Motors

Pan American Airways Pennsylvania RR

Radio Corp.

iteal

Silk

Sears Roebuck Shell Oil

Socony Vacuum Southern Pacific Standard Brands

Sallod

Salled

ISTHMIAN LINE

(Isthmian Steamship Company, New York)

S.S. "STEEL RECORDER"

LOADING 2nd SEPTEMBER

SAILING 3rd SEPTEMBER

FOR

LOS ANGELES & NEW YORK

via PANAMA CANAL

CO., LTD.

GILMAN

Tel. 21144

Chineso Frolght Agents:-HIN 'FAT & CO., LTD.

Tels: 28823, 25553 & 23483.

SWEDISH EAST ASIA CO.LTD

ARRIVALS FROM KUBOFE

*

00% 101

38% 30% 31

57

41%

Special aid

To accomplish this, Mr. Hoff- man, also looking to the years after 1952, established within

sion" under the Deputy Adminis trator. Mr. Wayne Taylor, which with is now working closely European governments and prl- Officials palat out the Grayvate exporters in search of means study will probably show that by which their products can be despite their best efforts, some made competitive in the United nations will not be in a position] States market. to operate without special ald' Accorilog to U.S., Commercd by .1952. Those most often Department officials, this drive | mentioned. ate Greece Italy may have had already some effect. and possibly Austria in Europe, in stimulating the substantial in Jarael in the Middle East, and grease in United States: imports 9428 and other nations shown

East. For such countries special trade ntures for the first quarter arrangements may be made of 1050 compared with the samo Meanwhile, President Truman period last year. However, Up

Ꭸ

2914

45

144%

4% or

HK Govt. Loans smash N #15% Lois (1094),A) 1940) 965.

(1013): 081540.

Shanghai Bank 1,1206, 1,180/95%.

(Co., Bed) 20 Chartered Bank ER 15/10h Mercantile Dank A, & D, CIIo. Bank of Eat Aaf 131b. Insurances Canton Tox. 1240m. Union Ins., 610 China Bnderwritera 24. .. HK Fie In, 145am.

Shipping

Daiseiken. 160N.

IK & Macro Steamboats tin. Indo Chilons (Pret) 12n.

'{Def.) 350. Sheila (Bearer) 83/315n. Union Waterbosta in. Aría Nav. dik. - ', ... Docks, Wharves, Godowne, Etp. NK & Kövlin" Wharves 6th, North in Wharves Sn. Hanghai Hongkow Wharvis Šn. HK Docks 1234.

China Predia 824b, Bin, Shanghat Dockraula 3, 14 an Wheelocks 10

Mining

Raub Hines 4.700.

• Bijhen p1420

Landa, Hotels and Buildings IFK & Shanbal. Jalein-Eton HK Landik posa Shanghai Lands ́ 1.204. Humphreys

HK Mendian 1,300.

Chinge Extales 120.

*. Päällä 'Unties

IK Tramway 10.206, 20.70s, 1011⁄2em. Pak 'Demi (018) 1867

(New) .

·Star Eetrien. Sül. Chies Lights (OM) 93⁄41⁄2n.

(New) 45502.

II Electrics 1940, 101490 Aineso· Electrien · 2131⁄2m

(Note) 10%..... (TB):104. Bandakan Lights 89. Telephone $6,··

Abena i Elşkan Ve

"Industrials. Cal. Ming Xɖta) ma

Cantani Iden,

·Griffenta $550

as pointed out the goal dowárd ECA promotion scheme is propre Lin, 414 which all nations must work imarily European, whereps Gray's

9% clear-one

18

where

International study will attack the problem on ttude flows freely with as little a global basis.

Interference as possible

Kontrols and restrictions ap;

13

pear to be. necessary if trade is

1396 out of balance and they have a

them tendency to perpetuale

selves. To win freedom for the trading world from these restrle-

Republle Sleel

Remington Itand

383

Reynolds Tobneen

34

Sclienty.

40

224

Union Bag

.0] 6

转 Carbide

213

US Rubber

18

Oil of Calif.

7114

Sleef

**

Oll of N. J.

01%

Lines

Studebaker

31

Westinghouse

(Continued On Next CoL)

33: 45% -4----

37

107

Youngstown Sheet & Tube". 9414 Gen. Pub, Uuities

104 Long-term U.S, Government

Among bonds advanced. gainers

wero Citles Sentinel Rodio.

MAERSK LINE NOTICE TO CONSIGNEES Prest

Facts and figures

ECA experta here..sald they have already supplied Gray with facts and, figuras on thelt experience of the problem, and ara conferring with Bion fee- quently. Hawever, economic experts here contend that im portant as it is, the bringing of --other nations into balance with the dollar area is only part of the problem faoling, Mr. Gray, and athar world economía planners

The other major question is curb how to find continuing markets for the Democratic world's rapid- Servier Associated mounting industrial produc- tion. It is pointed out that com- petitive-tensions reminiscent of the pre-war years, are already between disturb relations Germany Britain, and, to some

NOTICE TO CONSIGNEES CONSIGNEES PER BARBER EINE

The M/V LAURA MAERSK" having arrived from New York and Forts of call, Consignees of Cargo

Hereby tire

notified that

***LS. "TANCEED”- their goods are being landed placed at thole risk and

Are hereby notified that and expenses into the North

Limited their cargo is being discharged Point Wharves...

at godowns,

North Point, into the Hongkong & Kowloon where delivery may be ob-Wharf & Godown Co's godown tained as soon as the goods where it will be at consignees are landed.

riske and subject to the Whart's terms and condition of storage and where delivery may be

from port to part to the final port of call to which the option extends.

obtained.

Trance America mith

drawn into his dilemma as pent-up consumer demand within its own Internal market gradually subsides and reduces the outlet for goods,

Experts here look to President Truman's "Palat Four program me for ald, to underdeveloped countries to supply a partiel solu Lou. They expect, that as living standards in thoso, conntries rise new markets will be created which will supply outlets, suffl- cleat botit la maintald algham- ployment, ambng producing coun

Prezz

Stories, Etc.

Dairy Farms 100-

(H) 30 5 OR

Watsons 21h, Tina, ti Crawford ZON. Hiker 2. China Emporium. Run. Sin Co., Laid. 1.10n.' Kwong fate on 74. Wink Un (KL 400. Wm. Powell;, Ltd,. Bn...

Miscellaneous

China Folestakuraents 3493. ·

1 Constructions (Old) 2460.

(New) 1.30.

~~Vibro. Tilings-11 1940

-Mersman Investments 9/-0.

Maraman KY "AGS" Shanghal Loan ob Shanghai Explor, 201 Youte 16

Ewo 1.200.

Cottons

Rubber, atd. Companies Alma Katalen 120. Ang Daiah 40: Anglo-Jayde: 15;*- Batu Anama plan. Duto Fizations: En. Chemor "United an. Cheng Bakbras „Jih. Consolidated, Rójþers, 1.636. BoraTalon, Rubbers · 11, is Java-Comelidalada. 100%, Hola, Habrog (98) VEN Kroesoek Zaras“ 12AD, Langkals Padana" Rabbers: (106. Nepah Rubberí *stal* Robber, Timts 2001. Samsunan Rubbers –706. Bomamba, Hublers 1306y. Shanghai. Kelabe 4356. Flankkal Malaju. Konan Bharadni.-Fabrze, „405. Shanghai, Sumisitan. 15. Bus Mantua 100, Bunge Duke 19:40. Tash-Merhet 458...

United The Rubbers 15Hi

Optional cargo will not be landed bare, unless notice, has been given 48 hours prior to vessel's arrival, but carried on Damaged packages are to boss and as the same time halp

left in the godowns Lorcaundrycloped, natlogis. amination by Consignees and the Company's Surveyors, MCESTE. Goddard. Douging No claims will be admitted at 10 am, on the 28th August, after the Goods have left the 1950. Godowns, and all goods remain. ing undelivered after August 31, 1950, will be subject to rent.

To comply with the General Bonded archouso

tions, consign must have Havenue -Of in atter

ed dullable goods

All "broken, chafod, ani damaged Goods are, to be lath; aro examined

In the Godowns, where thes

will be éxamined on Augu No claima will be admitted 29, 1950, at 10. a.m. by our after (goods «hëve: lbft thë Surveyors, Messrs. Goddard & stor godown, and all

m.v. "ANDAMAN" m.v. "TONGHAI"

27th Aug

Early Oct.

Douglas

SAILINGS TO BUROFE

• To comply with the Gen

Bonded Warehuila,

m.v. "DENGAL””

.End Sept.

consignews.miart havé

FOR

ÅDEN, PORT, SÄIÐ, GENOA, MARSEILLES, CASABLANCA, ANTWERP, HOTTERDAM, DREMEN, HAMBURG, COPENHAGEN, OSLO & GOTHENBURG

Deeptanks available for Huikeli

GİLMAN & CO., LTD.

venup Officer (IN A

when damaged · dullati

are examined.

All claims that before September. they will not/be

No Insurance

Hong Kon

JEBSEN, A CO:

goods remaining undelivered after, the 20th wili" by: subject to rent.

Davaluation effects to be discusse

Lake Buetes, August 22,- The effecta

omy com

Langbo ¦ Rahbari, ¿160 m.

BUSINESS CONE:

Direct businecia), als HK÷Back:19 at 8L150,3 18"@5-$1,175, Canton Ins.10; ML, STAIN. 2.

· Chínu”, Provident, 2005 at KKN Shapekal Dock 1,000, 24-33. |

·ZEK TYRES 800 KK, $1035. Ostas: Päiht (OK), 560 HF 80IGH JK Listila *500 21 21014, 480 Kn Kings:

Wales'į?500 - 81/Eh!) 220] mù #1535) Gosh,{% Idan, (1908) *pusde APORE BAD Hong 13.878

and the Was 1930, Paris 60

The meetings hère) on

on "Safundi The Govern the Ing Bogreol sleamar must be presented to hold sexluna

tember

Money Market

PUB, GOÀIRIT, opened yesteKslað), BE | HK-30.235) -- and clased, KL. BUNA, these being tha: bighost and lowest rates,

2

En menbt at HK4C40%, drop- podtid $6.303 and closed at

0.38

De Indurikial, gold," "hondad „further '1 downwards, did clos

ined on or before 14 at the abnox on the Bank, or plomber, 1980, cor, France, in Paris) will not be recognised 5-16 will be the

Fund ainek Fire Insurance

the

The Global Flori

August 27th

S.S. "MOUNT DAVIS"

SAILING

Direct for

New York — Baltimore

Philadelphia VIA Los Angeles

Speod

St. George'u Bldg.

and

San Francisco

Boston

16 days Los Angeles 19 days San Francisco 37 days Now York

AAAAAA

Regularity Dependability

Froquency

Tol. 28172/5.

BEN LINE

SHIP. BENALBANACH" "BENATTOW"

"BENCRUACHANA †BENYANNOOH"

BENCLEUCH" "BENVORLICH" "DENMAODHUI”

"DENGRUACHAN" "BENVORLICH"

"DENVANNOCH".

"DENAT TOW!!. "BENCLEUCH"

.:

ARRIVALS

FROM U.K. via Gingapore

SAILINGS

London, Antwerp, Rotterdam, & Hamburg.

DUR

26th Aug.

on er abt 16th Aug.

12th Sept.

"

22nd Sept.

26th Sept.

18th Oct.

20th Oct.

Genoa, Lo Hayfo, Liverpool, & Hull, Liverpool, -" "Glanguw,

Dublin, · Antwerp Rotterdam.

t Accepts Cargo for Japan.

Loading on or upt.

-

10th Sept. 19th Oct.

25th Bept

28th Sept

Via Singapore., Colombo, Port Sudan, Aden, & Buaz Gánať.

For Further Particulara, Apply To-

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

York Buliding.

Telephone: 34165.

THE EAST ASIATIC CO., LTD.

M.S. "MORELIA"

LOADING ABOUT 3011⁄2 AUGUST

M.S. "INDIA"

LOADING 10th SEPTEMBER

for

4DEN, PORT SAID, GENOA, ANTWERP, ROTTERDAM HAMBURG, OSLO, GOTHENBURG & COPENHAGEN,

TR-

“INDIA" WILL ALSO CALL AT ALEXANDRIA. THE EAST ASIATIC CO., LTD.

Tel. 24111 & 34118 Queen's Bldg, Zaj Bear.

“WEEKLY CHINA MAIL

CONTAINING ALL THE LOCAL NEWS

OF THE WEEK FROM THE "CHINA MAIL” & “SUNDAY

Price 50 Cents

EVERY THURSDAY.

1

♫