1950-09-22 — Page 12

Pago 12

R. I. LE

ROYAL

INTEROCEAN' LINES

SINGAPORE, JAVA

PORTS and

MACASSAR

"TJITJALENGKA"

"VAN HEUTSZ"

"TAGMAN”

ARRIVALS

In Part

2nd Oct.

Ath Oct

*only to B'pore, Penang & D«] Dati

●MANILA, EAST &

SOUTH AFRICA & SOUTH AMERICA

"STRAAT MALAKKA" "STRAAT SOENDA" "TJIBADAK" *

"TJISADANE”

ARRIVALS

In Port 23rd Sept. 20th Oct.

• not calling Manlia and Bouth America,

O JAPAN

"TJIBADAK"

"OTRAAT SOCNDA"

"TJIBADANE"

SAILINGS

241, Bapt.

10th Oct. 10th Oct..

SAILINGS

22nd Sept. 9th Oct. 14th Oct.

ARRIVALS

11th Oct. 8th Oct,

SAILINGS

24th Sept. 22nd Bepl 22nd Oct.

Agents: HOLLAND--EAST ASIA LINE

EUROPE via MANILA

and MALAYA

"MCERKERK"

"RYNKERK"

"LANGLEEBCOT"

Through e/L lund

Meditteranean and Northara

European porta.

JAPAN

**MEERKERK"

"AYNKERK”

"LANGLEESCOT"

ARRIVALS

SAILINGS

22nd Oct.

early Nov.

9th Oct. 11th Nov, harly Dec.

7th Oct.

10th Nov.

carly Dec.

25th Oct. carly Nov.

W KIMTS/BUILDINGSSTELEPHONES 9200159{TON280 178

ISTHMIAN LINE

(Isthmilan Steamship Company, New York)

DIRECT MONTHLY SAILINGS TO NEW YORK

VIA LOS ANGELES AND PANAMA

“STEEL SURVEYOR"

271: Oct.

SAILINGS TO SAIGON, BANGKOK &

DJAKARTA (BATAVIA)

"STEEL AGE",

"STEEL SEAFARER"

ARRIVALS FROM U.S.A.

“STEEL AGE"

“STEEL. SEAFARER"

10th Oct.

21st Oct.

Salla N. Y. Sails S.F. Due H.R.

Salled

Sailed. 9th Oct. Sailed 20th Sept. 20 Õet....

GILMAN & CO.,

Tel: 31146

LTD.

Chinese Freight Agents IN FAT & CÒ., LTD. Tels: 28823, 25553 & 23483.

SWEDISH EAST ASIA CO.LTD.

ARRIVALS FROM EUROPE,

m.v. "TONGHAP” m.v. "BALI"

4th Oct.

carly Nov.

SAILINGS TO EUROPE

m.v. "BENGAL” m.y. "TONGIAI" m.v. "BALI”

. 2nd. Oct.

29th Oct.

4. end Nov.

FOR

ADEN, PORT SAID, GENOA, MARSEILLES, CASABLANCA,

ANTWERP, ROTTERDAM," BREMEN, HAMBURG, COPENHAGEN, OSLO & GOTHENBURG

Deeptanks available for Bulkeil

GILMAN & CO., LTD.

Tel.-31144

THE EAST ASIATIC CO., LTD.

M.S. "KAMBODIA”

LOADING ABOUT 15th OCTOBER

ADEN, PORT SAID, GENOA, ANTWERP, ROTTERDAM,

HAMBURG, OSLO, GOTHENBURG & COPENILAGEN

THE EAST ASIATIC CO., LTD.

Queen's Bldg, and fear,

THE-CHINA MAIL, FRIDAY, SEPTEMBER 22, 1050.

FINANCE

AND

Hong Kong Stock Exchange

The stock market was a little quieter yesterday with only frac ilonal fluctuations. Profit-taking was fairly well absorbed and there were fresh inquiries al lower levels with little serip offer. ing. Banks continue firin and have buyers at $1,270 and Docks have improved to $14 buyers, but Watsons are slightly off at $2412

COMMERCE

BRITAIN'S INDUSTRIAL CAPACITY INCREASING

London, September 21.

Peace-loving countries con give a misleading im-

pression of military weakness because their. great. indústrias were not built up for war. But, as the history of the last war showed, the oggressor has to reckon with the total indus- trial capacity of a country rather than merely with that section normally committed to or- moments work if he does not win with the first exchange of blows.

sellers. The undertone is steady. One of the great deterrents to aggression is the

The total turnover for the three clays ending Wednesday *ቤዛ higher than for any one week in 1930.

HK Govt, Loans

P Loan 100m.

3tural Iman (1944 & 1949) 90n. 2941), Downs (1048) 05žin.

Banka

UK 2 Bhanghai Bank 1,264U, 1.100.

Bob, Res. 278558. Chartered Bank Ex.Div. A'S 9/15, Mercantile Bank A. & D. ÆRUSLA, Hand of Fast Asia 3076.

insuranceR

Calon Ina, 210n.

Dakar Ina, Icon.

Gina Undrewzliers an. HK Fire Ins. 1tky.

Shipping

Bougl 150,

lik & Mean Htemibosta 11m. inlà Chinne (Pref) 12n.

(I.) 3.

Shell (Beureri G8/7lin,

Unlou Waterbunts 1811.

Amla Nav. B51), „404, 70-

Docks, Wharves, Godowns, Elc.

UK & Kowloon Wharres 100.

North Polst Wharves 4.GOD, 4.905,

HE Ducks 14b.

Ching Providenta -115, 116, Shanghai Dockyards '3,291. Whey Ineke 22, 23, 23.

Mining

Baub Hum 4.702. HR Mam 115m.

Lands, Hotel and Buildings

Shanghal Hotela bnb, Zan. HK Landi 15 15 5. Alinahal ni 1.30.

Humphreya Alib, Maan. HK Realties 2.06b, 2.154. Chbirse Fataten 1190.

Public Utilities

Tramwaya Em.Div. 12.001, 31790m. Park Trams (Old) 10.

(New) Mn.

Star Ferries 6ka. cking Light:

101) 19,20b, 11 404, 11.45/.30am. (New) 1.70%, 89, 1/7.80.10.

UK Electries 244b, 24%», 24%/124

Muron Electrics 10.

|

(New), 301⁄4án.

(lavus Bh.) 10320. Sandakan Lebts an.

Telephone 1ận.

(i) 204, 10. Shanghal Gas 119m.

Industrial

Culd, Marg, (Ord) 24lán, Custom_for_345m2

Cracht 19h, 104, 15 km. HK Reper 12.40b.

8toras, Etc.

• Thiry Farms 12adb, 1241⁄2 / .20mm.

(Rs.) 2.73b, ka, 235/70mm, Watrons 244 24

J Crawforda 225.

Blocores 3a.

Chino Ympafuta Nipn.

Sun Co., Ltd, 17BL

Kwong Senn Wong 19.

Wine On (UK) 40.

Wm. Unwell, Lul. In.

Miscellaneous

China Entertainmenta 1in. JK Constructiona (0%) #lân.

(New) 1,500.

Vibro Tiling 10n.

Martman Investments, 9/-n. Nariman (HR) 168,

Shanthal Loan

70,

hanghal Explor. 10. Yanglores 24h.

Ewos 1,006,

Cottone

BUSINESS DONE

(Direct business)

STIC Bank u 1.270, Wheelock $200 a $73. JIK Bock *7* at $14. ́

JIK & Bhanghai Hotel 2,000 at $1,

500 a $7.

HK Tram Ex.Div. 8.200 kk #11%.

Chins light (Old) 8,000 at 111,40, 1,188

at $11.40,1,000 $1,50

Chloe Light."(New). $500 at 38, 1,300

at $1.50.

huge wor potential of the peaceful industries of the U.S., the UK, Canada and other coun- tries of the Western world. The industrial production index of the U.S. is nearly double what it was in the five years before the last war and the index for the United Kingdom has been in recent months roughly 40 per cent higher than in 1938. In the United Kingdom the total volume of production of the manufacturing industries has been rising rapidly this year, showing an Increase of between eight and nine per cent in the first six months of the year compared witn the same months in 1940. This extra gain probably reflects of post-war investment in new equipment.

Another industry of potential military importance is the manu- facture af nylon which Is used

for parachutes and glider tow

other

things, ropes among Thanks largely to the completion, of a £5,000,000 plant in South Wales, British output. nylon is

times as great as

Now

WAS

over

N.Y. Stock Exchange

New York, September 20. Heavy selling in American Tele- phone stock slapped down the price and carried the rest of the market lower. Roughly 36,000,000 worth of ATT stock changed hands at losses ranging to nearly. $3 a sharo. It closed at 140~4, dowo 2-5%.

Large-scale liquidation

touched off by the news of a proposed financing programme of sweeping scope, The rest of the inarket quickly showed losses ranging to $; a share before buy- Ing support appeared. Final prices wure above the lows for the day in most cases.

Transfern were 2,100,000. A total of 588 stocks declined and 333 advanced. Of the 15 most active stocks, only five declined. Among the stumblers were

Gulf Oll, Baltimore and Ohio and Douglas Aircraft.

and

Stocks

Golners included Colorado Fuel, Graham Paige, J. 1. Case, Con- 10 months ago. duetry has been

Modernisation of British in-solidated Textile, Northern Paci

Kern County Land, spread many factories which may not Twentieth Century Fox.

Dow Jones averages. be able to show nay spectacular Visitors to the United Kingdom new building. One of the indica-80.65. 20 Industriais 224.33. 15 see some of the great new factor- tions of the extent of the moder- Rulls 66.12. 10 Utilities 30.59. ics and industrial plants which isation

the number of Clasing quotations: have been built in the last few nechines in use. It is estimated Adams. Express years or are now nearing com- that there are nboul 1,000,000 Alaska Juncau pletion. Two new electric power minchines costing at current American Can atations on the outskirts of Lon- prices £75 or don. at Kingston-on-Thames in British factories. Before the and at Croydon, are striking lest war there were between six examples of modern industrial and seven hundred thousand such architecture, On a clear duy nachines in use In the they are now landmarks in the Kingdom. vast sweeping view of London to

more ench

་

United Anaconda Copper

Aviation Corp.

The great pace of technical Baldwin Locomotive

Bocing

be seen from the crests of Hamp-advance in the past few years Bendix Aviation stead Heath.

has called for heavy ex- Bethlehem Steel penditure on new plant. One of

Aircraft the problems created by the need Berden Co, for rearmament is to maintain Canudlan Pacifie the pace of essential re-equip Chrysler ment while at the same time Culgate switching resources into the du Commercial Solvent fence programme. This must mean Durn Products from resources

the Du Pont provision of consumer goods, and Eastman Kodak if there is not to be inflation General Electric there must be an equivalent re

H Motors duction either by increased

consumer demand) Goodrich

Anvinge or Goodyear lugher taxation.

Up and down the country the traveller cannot fall to

notice the extent of new industrial building. Yet some of the most iniportant projects are not likely to be seen by holiday visitors from abroad, for they are sited, as part of post-war Government verting planning, in what are known as development areas regions hit most heavily by unemployment Lefore the war. The biggest single industrial project in the United Kingdom is the £60,- 000,000, steel works at Margam in South Wales bullt on

a flut coastal plain at the foot of, the green can mining valleys,

When it is completed in 1952

it will have a yearly output of 300,000 tons of sheet metal and 350,000 tons of tin plate. In

of

HK AGREED MERCHANT RATES Montgomery Ward

AMERICAN PRESIDENT LINES

The Global Port

TO HONOLULU & SAN FRANCISCO

Prea. Clavaland

Gan, Gordon

Prea Witson

vio JAPAN

Arr

Oct

14

Dalia. Oct. 18

Arri Det. '16' Balls qot. Atron Nov. 3. Balls Nov.

TO SAN FRANCISCO & LOS ANGELES

Prez, PloroD Pree MoKinley

via JAPAN

Art. Oct, 4. Sails

Oct. Arr. Oct. 24 Bala Out.25

TO NEW YORK, BALTIMORE & BOSTON

via PACIFIC COAST & PANAMA

Pilimore

Balla Arr. Bopt. 27

Sept. 28 Tyler

Arr. Oct. 20. Salle Oct. 80

Pres

Prus.

ROUND THE WORLD

VIA MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAY, KARACHI, BUEZ, PORT SAID, ALEXANDRIA, NAPLES, MARSEILLES, GENOA, NEW YORK and." BOSTON

20 Salte Sept,

Sept, 20

Pres. Jefferson......... Arr -Sept. 24 Prés. Van Buren....

25 Arr. Sept.

*OHITS MANILA, KARACHI & ALEXANDRIA

St. George's Bldg.

Tol. 18177/8.

BEN LINE

FROM

PAR LASS

SAILINGS

Gencs,

Liverpool, Rotterdam & Antwerp,

Liverpool, Misagow, Publin,, Antwerp.. Rotterdam.

DUE

27th Sept.

22

24

30%

Smelting Telephone Tobacco Waterworks

03

140

042

・じゅ

SHIP

34%

ARRIVALS

FROM

7

"BENCLEUCH"

U.K. via Bingapore"

-1336

"BENVANNOCH"

on or abt. 28th Sept.'

40

"BENVORLICK"

19th. Det

42

"BENMACDHU?"

29th Oct.

34.1%

"DENALDERA”

12th Nov.

50%

"DENAVON"

210) Nov.

18%

"BENREOCH"

ard. Deo.

711⁄4

"BENVENUE"

11th. Dec.

44

*

194

Loading on or abt.

10%

45%

40%

"BENVORLICH"

"BENALDER"

4.

"DENVENUE"

** L'and on, Antwerp,

Rotterdam, & Hamburg

23rd Oct.

16th Nov..

15th Des.

10815

64

Homestake Mining International Harvester

Paper

"BENVANNOOH"

London," Antwerp, Rot- terdam & Hull.

30th Sept.

50%

.371%

Tel &Tel

144

"DENWYVI8”

2013. Đặc

}

Johns Manville Kennecolt Copper

45%

643%

59%

*BENOLEUCH"--W

"BENMACDHUI”...........

30th Sept. Stat: Ost.

25

40

"DENAVON"

30th Nov.

10%

une

Pan American Airways

D

Pennsylvania RR

101

Radio Corp.

17

Real Suk

15

Romington Rand

13

Hepublic Steel...

30%

York Building.

Reynolds Tobacco

34

Schenley

31%

1./Credit.

Bear Roebuck

463%!

1/0 1/10 0.6, without

L/Credi 1/32nd up every

20 days.

Shell Ou

61.4%

Socony Vacuum

2341

NOTICE TO CONSIGNEES

Sterling (WV Airten & Indloa) +

1/2 13/10 1/1 1/10 O.D. if under

L/Credit. 1/3 1/4 Q.D. without

I./Credit, 4/32nd up every

30 dayя.

Studebaker Union Jag

#2 3/4

*3 3/10 TT.

#rut: hu,

13 11/10 60 days, A3 13/10 90 daya,,

Rupers (Aden) RZ 1/1

63 13/16 O.D. it under

1

South Wales, too, is one of the Maximum selling! Minimum buying

List

National Distillers

12 Land (.... New York Central

most ambitious of modern conl) Bierling (ndlrist Rterling 1/72nd higher | Packard Motors mining

With the use of than London rate for the Unground

locomotive

Involved): kaulage a coillery near Cardiff is expected to yield 750,000 tons of cal a year from seans which will lasi 200 years. Another new Industrial project built-on-a-vast

1/ 20/3: T.T. 1/18/IG

1/2 13/14 D.D

1/7 13/16

stole is the Imperial Chemical Sterling (P & Industries plant at Wilton, be tween the Cleveland ́alits Yorkshire and the River Tees.

About three-quarters of all espital Improvement and main- terance work being done in Dritain — that is out of a total of £2,200,000,000 this year is going to increase the country's productive capacity and only beut one quarter is to be spent

to it for

ot housing and social services. Nupres (India); Even the housing programme tus: an Industrial twist special priority is being given to houses for miners' and farm workers in order to attract wor- kars to these basle industries.

Main purpose

Main purpose of the

British

industrial expansion programme į since the war has been to achieve

to

increase

82 1/4

1/2 51733 30 dayı,

1/3 40 33 days.

-3/4 −1/42-130-daya,

Africa):

1/3 .D. under

.

L/Credit. 85 15/16 Q.D. without

L/Credit. 341/16 30 4 80` days,

13 3/8 7.T.

ka / .D.

dollar savings and Increase dollar Rupers. (Rangaandı exports. At the same time the effect has been British Industrial potential from the military standpoint. Steel

67,

13 N/A 7 A 30 daya, ka 78 63 days, 14 DO. JATO.

production for example is about nunees (Pakistan); iwo-thirds greater than it was in 1038 and the copacity still rising, The motor industry is producing about one-third more

15

47 11/10 T.T. +47 3/4-0.1.

57 7/8 days,

"

|

passenger cars and: between two Malaya: and three times, as many coin- 52 1/2 mercial vehicles as before the

41 1/14 TIT. A 0.0, 63 3/10 30 days,

} war. The aircraft industry has

UK Electric 750 at #24%; ̈800 at #2433.the war but has developed an

Telephone 100 m 817.

Cement 200 at 110%. Delry * Farm - 1,000), ut - $123,

11.80

53 1/4 ch days,

necessarily been run down since US. Dellars (delivery within one calendar month 1/14 down per calendar monik thereafter):

17 1/4

:

250

at

Important export trade. Taking production of motors, cycles and Aircraft together the toist output is nearly double what it was in Canada: 1938.

Watson 660 at $20%,^. Humphreya 1001μì '58%, Telephones (Rigbla) 4,200 at 10 cents. Dairy Farm (Right); 11,1ña, at szig, -400 .32.10.

Aula Ng, *0,000.01 70 cents, 1,000 at

.70 cents. Innakese`260° at $5.05.

Money Market

37 7/10 7/2 & O.D. 19 1/2 80 dare,

17 0/19 60 yo dinya.

LONDON STOCKS

Southern Pacino

Standard Brands

13

Oll of Calif.

Oil of N. J.

Carbide

US Rulber

Sicel

*Lines

Westinghouse

13

302

33

Vie Bingapore, Colombe, Port Sudan, Aden, & Suez.

For Further Particulars, Apply Tomm

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

Agents

m.v. "CHANGSHA". Arrived September 20, 1950

Telephone: 34165.

NOTICE TO CONSIGNEES

*m.v, "JEFF DAVIS".

Having arrived Hong Kong consignees of cargo are hereby notified that all goods. höya cargo ex this been landed and placed t 474 vessel will be surveyed by their risk and expense into the

47

473%

18

2034

10%

33

Youngstown Sheet & Tube 101% Gen. Pub. Utilities

10

Bonds were lower. Among curb stumblers were Mcrubi Iron, Cuban Atlantic Sugar,Associat- cd 05.

CHICAGO GRAINS

Chicago, September 20."; Wheat futures moved up and down erratically but rallied near the close anish higher.. Feed grains and soybeans wero Arm most of the time. Wheat closed to: % higher. September

....92.20%. December..... $2.26-$2.20 15. March $2.20 1: Corn was 1 to 1-4 higher. Oats were 1 to 1-% higher.. Rye was 4 to 6 higher. Soybeans were 1-% to 2 cents

higher Associated Press.

NY: COTTON

New York, September 20. Cotton futures turned firm after early weakness, as trade buying inet only limited offerings. Closed 25 to 24 emits a bele bigher, ' October,

40.03. December N 40.79. March NINI 40.72-74 ́"May-Aug, ikut. 40.36-38,

July

October December w March Middling spot

30.51.1

25.05.

Damaged

"BA_ BOON · Us, the

Messrs. Goddard & Douglas ar godowns of the Hongkong and Hongkong & Kowloon Whats, Kowloon Wharf and Godown No. 50 Godown from 10 am Co. Ltd. Where delivery may on September 25 and 25, 1959. be obtained and consignees are requested goods are funded. to be present during survey,

BUTTERFIELD & SWIRE,

Agents, Australia-Oriental Ling

Ltd.,

China Navigation Co., Ltd.

America has plenty

of food

No claims will be admitted after the goods have left the godowns or failure to attend the survey. a ter d

. All broken, thafed and dam- jaged goods are to be left, in the godown where they will be examined in the presence of Messrs. Goddard and Douglas on September 23, 1930, at 10 'n.mi.

To comply with the General Bonded Warehouse Regulać tions, consignees must, have a Revenue Officer in attendance when examining damaged duti- abló goods. - All claims against the vesselmust be presented the Undersigned within

Washington, September: 21.

The Secretary of Agriculture, Mr. Charles F. Brannan, sald fourteen days of the ship's last night that American fur arrival or they will not bo mers should be able to produc recognised. plenty of food to see the nation No fire insurfince we will Through the Korean war or any affected.. lpture emergency, "+

Production is running at record or near-record rates, he said, and the farmers are gearod to raise the output, even higher. It ́ntccs-) sary. Because of these largo (sup-:

WALLEM & CO.

LTDA

Agents, Telephones 80041-5.

34.70 tominal, plies, he said, there should be no Hong Kong, Sept. 18, 1950.

food shortages like those of World 84.35 nominal War 11. For the same reason there 41.78 nominal, is almost no chance that price -Assoc[ated: Press,

18 15/10 -10 5/14 T.T. a) on, Certain specialised industries Australias have immediate military signifi 1/07/16 1/6 2/4 T.T. cance though engaged on civilian

· 1/8 rá/16 '0.n. production. The television indus New Zealands try is an example. Output, of

*1/2 (3/19), 1/3 1/10 T.T. television factories could quickly be switched to the production of military radar equipment. The British television Industry has gono oltad vory rapidly since the

London, September 20. US dollars opened and closed at 1950, production of television sets tions of the Stock Exchange to- war. In the Brave months of Prices forged ahead in all sec- HK$0.30 yesterday with a totalled 200,000 compared interval down to $0.80

with day. TT opened at HK$0.40%; and about 30,000 a year earlier. This British Government bonda led dropped to $0.50 at the close. is obviously of the greatest 'signi- 'the way with gains of as much as

controls will be clamped on agri Wer I and they are reared cultural products in the near per cent moro. A

to the job of producing around 40 -Industrial gold opened at HK4, cunce for the development of of pound per bond. 100 a tact, but after 'climbing dip | modern"; radar: including such

The Government issues were NEW YORK BANK

¡Asked Il÷he thought" farmers

A

present," he said, “wo are $300.75 It dropped and closed; at developments as guided misalles marked up because brokern· bo- ***

which depend on crúdar equip lleve: the Treasury may support AEQUOTATIONS

can supply: everything the nation datured of moro, sugar, than Wo Sterling opened at HK$15.67ment to home on their targets the market for these bands before Now York, September 2017 future, he replied: "With a decent should be plenty of meat The might need, in the forsetable tan posibly use," and there and closed at $10.7034

and it has been announced that Boating now oner to pay for na- Cloilog bank quotations an Australian pounds opened at the Royal Navy working on ionailsation of the steel industry. Bank of Americas son bid break from it weather and with what Sarry-over at the end of enough materials, and equipment, the year should total a whopping HK$1384; and closed at 12.40, homing torpedo, and the RAF The Labour rogima laa décided diujjat 23 (1991, 21m), anked, and mangoworker Sore 190,000,000s bushel in the colon

Plastres remained nominal at, uti a homing speel, which can to go ahead with nationalisation Chase National Daple 104 bid. 1 Tarmers are furning out about care, byer th

#indo 1940: HIATURASIDOMANDERITAAN be, Inunched by pansters, ogulnaton or shortly after next January

Tepover 30-kaskod. 28 per cent more goods: thea durs and the parry moves on grains cñor. HRTicals at UIC$20.70: a 100, and enemy aircraft from outside, the "10"N DARAKANI SA National City Bank sich bidagi mug the yearz- just prior a World

"should come to abo NEI Clauders at 21133 a 100, were. tango, of a bomber'a i defensive in Financial Times" index 117.7 Hachanged, KORREKMA

higūnai

Associated Prom CAMPANES

RmAssociated Fresk

(Colfiniled at fool of next Col)