1950-09-30 — Page 12

THE CHINA MAIL, SATURDAY, SEPTEMBER. 30, 1950.

R. I. L.

INTEROCEAN

● SINGAPORE, JAVA JAN

LINES

ROYAL

ARRIVALS

4th Oct..

SAILINGS

11th Oct. 10th Oot.

26th Oct.

PORTS and

MACASSAR

"VAN HEUTAZ” •

"TASMAN" .......

8th Oct

"TJITJALENGKA"

21st Oct.

only to B'pore, Patang & Bal. Deß

ARRIVALS

Pth Oct. 16th Oct.

22nd Oct.

30th Oct.

18th Nov.

MANILA, EAST &

SOUTH AFRICA & SOUTH AMERICA

"STRAAT BOENDA”

TJIBADAK" •

TJIBADANE"

"TEGELDERG"

⚫not calling Manlia and South Amerloa

JAPAN

**TJIBADAK”

"STRAAT GOENDA"

"TJIBADANE"

"TEGELBERG"

SAILINGS

ARRIVALS SAILINGS

13th Oct.

9th Oct.

16th Nov.

24th Oct. fat Nov.

Agents: HOLLAND-EAST ASIA LINE

EUROPE via MANILA

and MALAYA

+

"MEERKERK"

"RYNKERK"

"LANOLEEBCOT”

Through Ba/L. Iued t

Mediterranean and Horthers

European ports,

JAPAN

"MEERKERK"

"RYNKERK"

"LANGLEEBCOT"

**

ARRIVALS SAILINGS

22nd Oct.

Early Nov,

8th Oal. 11th Nov. early Des.

26th Oct.

21h Oct,

10th Nov.

early Dic.

early Nov.

& KING'SH BUILDINGSTELLISONESKERİ ESSTORMTA

POSTERINIMIS AGENT SURESINSARGIFOZARYADGESG1420

Psy

ISTHMIAN LINE

(Isthmian Steamship Company, New York)

DIRECT MONTHLY SAILINGS TO NEW YORK

VIA LOS ANGELES AND PANAMA "STEEL SURVEYOR”

27th Oct.

SAILINGS TO SAIGON, BANGKOK &

12th Oct.

21st Oct

DJAKARTA (BATAVIA)

"STEEL AGE"

"STEEL SEAFARER”

ARRIVALS FROM U.S.A.

"STEEL AGE”

Balls N. Y. Sails S.P. Dus HLR.

Salled Salled

11th Oct.

"STEEL SEAFARER”

Sailed-

Sallod

20th Oct.

GILMAN

CO., LTD.

Tel: 31146

Chinese Freight Agenta:-- HIN FAT & CO., LTD. Teis: 28823, 25553 & 23483.

SWEDISH EAST ASIA CO.LTD.

ARRIVALS FROM EUROPE

m.v. "TONGHAP” m.v. "BALI"

6th Oct. ..end Oct.

BAILINGS TO EUROPE

m.v. "DENGAL"

m.v. "TONGĦAI"

4th Oct. .31st Oct. mid Nov.

m.v. "BALI”

гов

ADEN, POET SAID, GENOA, MARSEILLES, CASABLANCA, ANTWERP, ROTTERDAM, BREMEN, HAMBURG,

COPENHAGEN, OSLO & GOTHENBURG'

Deeptanks available for tsutkell

GILMAN

&

CO., LTD.

Tel. 21140

FINANCE

AND

COMMERCE

INDUSTRIALISATION PROGRESS IN INDIA

New York Stock Exchange

New York, September 28. Late profit-taking took The edge off an advancing Block market today.

Prices were up slightly on the whole, but a few issues shot out ahead under the Influence of cor- porate developments.

The buying movement today was to a great extent a continua

Wednesday tion of

when the market advanced aharply on Korban war peace rumours. Al- though there are repeated denlais in official quarters et any know ledge of these rumoured

the feelers, Wall Street took view that with continued United Nations military successen the end cannot be far away.

Dow Jones' averages: 20 industrials 225,03.

15 Rails 07.14.

10 Utitles 40.31, Closing quotations: Adams Express 221. Alaska Juneau 28.. American Con 101. American Smelting 031. American Telephone 1501. American Tobacco 674. American Waterworks 01. Anaconda Copper 344. Aviation Corp. 71, Baldwin Locomotive 139. Bendix Aviation 471, Bethlehem Steel 411, fbeing Aircraft 331. Bordon Co. 501.

Canadian Pacific 101, Case J.I. 50. Chrysler 738, .Colgate 40.

Commercial Solvent 201. Corn Products 07.- Du Pont 80.

Eastman Kodak 40%. General Electric 47%. General Motors 978. Goodrich 1111. Goodyear Col.

pease

Homestakes Mining 411. International, Harvester 301. International Paper 431. International Tel. & Tel, 14. Johns Monsville 473. Kennecott Copper 631. Montgomery Ward 629, National Distlilers 26. National Load 40.

New York Central 16.

Packard Motors 41.

Pan American Airways 01. Pennsylvania KR 19.

Radio Corp, 19. Real Silk 141.· Remington Rand 14. Republie Steel 389. Reynolds Tobacco 35. Schenley 321.

Sears Roebuck 49.

·Shell-Oll-802.

Socony Vacuum 231,

Southern Pacific 601.

Standard Brands 221.

Standard Oil of Calif. 773. Standard Oil of N.J, 84.

Studebaker 321.

Union Bog 301,

Union Carbide 409.

"

US Rubber 491.

US Steel 381.

US Lines 16). Westinghouse 334, Youngstown Sheet & Tube 102. Gen. Pub. Utilities 108. The curb market moved bro- gularly,

The bond market was slow with railroad loans edging higher. Long-term US. Treasuries were steady in the over-the-counter market. Associated Press.

ETHIOPIAN GOLD PRODUCTION

Addis Ababa, September 28. Ethiopia plans to increase. her gold production,

The tobulous mines

of this

London; September 29.

Indio is, making, rapid progress in her ambition to became both agriculturally and industrially loss, dependent on outside sources of supply.

It is now reported from New Delhi that rapid pro-,

gress has been made in the manufacture of telephone ports in a factory at Bangalore (Mysore). Nearly half of the 365 component parts of the telephone instrument are now being made in this factory. The assembly of telephones is, in progress and more than 22,000 'phones have rolled out of the work- shop.

Detailed prospecting may re- veal tonnage, according to geolo- slats.

Preliminary examination also indicates possible reserves of 500,000 tons of manganese,

Money Market

Hong Kong Stock Exchange

After a week of brisk condl- tions the market closed on its best level. Overseas money for in- vestment and large local buying orders improved prices all round. Prolit taking was eagerly absorb- od and fresh buyers were cvidence for most stocks. undertone ja Bullish,

HK Govt, Loan

** Loin 100,

Loan (1984 & 1940) vain. 8 Loan (1948) 9056M

- Banka

AMERICAN PRESIDENT LINES

The Global Hort.

BL George's Bldg.

Tel.”28172/6.

TO HONOLULU & SAN FRANCISCO.

Pro Cleveland

Gant Gordon

Pres. Wilton

via JAPAN

TO SAN FRANCISCO & LOS ANGELES

Pret. Place Pres. Makinisy

3

18 Art Oct 14 -Balla Oct, Arr. Oct. 18 Salta ·Oct. 10 Arr, Nov. Balls Nov.

via JAPAN.

Arr. Arr

Oct. Oct

4 Bulls Oot. 24 · Balls Oct.

20

TO NEW YORK, BALTIMORE & BOSTON

via PACIFIC COAST & PANAMA

The

· Prok · Pilimore

Pros. Tyler

XIX à Shanghal Bank 1485h, 1440/2015/ (Len, Beg.) Colin, Chartered Bank 210 7/10. Mercantile Bank A. & D. £21340. Bank of East Asia 101. Insurances

Canton In Clib. Union Imm, 4806,

China Underwriters Sh, is, „kin.

IK Fles pu, 1358.

Shipping

Douglaars 169.

1! A Marso Steamboats 108.. Indo China (Pref.) 12.

(Det.) in.

In another three years the factory programme will be complete, producing all tele phone and telecommunication requirements of the country, Of the eight blocks that will constitute the factory, one 's now ready and machines have been installed. The second is nearing completion. The fac

Expectation of an early end of tory is also making some of

the Korean war sent the price its own took.

The Indian Telephone Indus-points down yesterday.

of industrial gold a further eight | tries, atarted in June 1948, under

After opening at HK$278.50 Government auspices, was turned tael there was a temporary re- last February to a Joint Stock

Shanchal Hongkow Wharfen Gk, $283, but selling pres- Company in which the Mysore sure almost immediately forced Government and the Automatic the rate

down aguin ant by Telephone and Electric Company closing time it was $277,50.

covery

of England hold up to 20 and 10) Within the space of three days per cent of the shares, respectively the rate has dropped more than with the Government of India sub-23 points-from $301 to $277.50. scribing the rest. The authorised US dollars also weakened. capital is Rs. 25 million with 50 Notes opened at HK$0.31 and per cent subscribed. Over 700 per- closed at $0.31 after an interval

sons are employed in the factory.

Described as the first Stale- owned concern of its kind in India. a precision instrument factory in Lucknow (Uttar Pradesh) has now started functioning.

The factory designed to manufacture electro-mechanical and other instruments like water and electricity meters, microscopest and binoculars.

The factory is being run under the guidance of eight German tech- niclans headed by M.E.A. Guen- ther of Switzerland.

Rubber development

The Indian Rubber. Board which is concerned with the de- velopment of the production and marketing of Indian rubber, dis- closed recently that there were more than 13,800 rubber estates In the country and there was steady Improvement in produc- tion.

per cent

About 73. per

in Travancore, cent in Madras and eight per cent in Cochin, while rubber is also grown in Coorg, Mysore and Assam.

at $0.32%.

closed at $0.30%.

TT opened at HK$6.374 und These were the highest and lowest rates.

Sterling dropped three cents to HK$15,70.

Australian pounds changed

HK$12.50.

HK$12.50 a 100.

Plastres continued nominal at

were

un-

Ticals were unchanged HK$26.80 a 100.

at

NEI Guilders opened at HK$3 a 100 and closed at $2.80.

TRADE AGREEMENT HELD UP

Frankfurt, September 28. The conclusion of a free trade. agreement between Egypt and Western Germany is held while Bank of England approval is being sought for payments to Egyptian

Цр

The total area under rubber be made in sterling, cultivation reached more than trade officials said here today.

Abdulla Filcay Abaza Bey, the 157,000 acres in 1940.

leader of the five-man Egyption delegation, told Reuter that Bank of England approval could not be obtained for sterling set- tlements, they would have

bilateral In her drive for higher stan- conclude an expanded dards of living through better pact similar to the present agree- food production, India is being ment which expires on December helped by the widespread teach 31, 1950, ing of mechanised farming.

to

A new agreement on this prin- Training and distributing centres ciple would, however, contain a for the Ferguson system of farm clause permitting a "payments mechanisation are now operating swing" of $10 millon instead of throughout India, and Indian the present $3 million--Reuter.

members of the Ferguson 'organi- sation were recently in Britain studying methods of intense cul- tivation on English farms,

Chromite and

mangonese

Large deposits of chromite and manganese have been. Tocated at. Nausahi in Koenjhar District of Orissa by Indian geologists.

In India chromite is mainly] used for refractive and chemical purposes, Deposits, estimated to be about 200,000 tons, occur in a one-and-a-half mile long band of rocks, in a region near the two centres of Iron and steel industry and the port of Calcutta.

EXPORT CONTROLS TIGHTENED IN U.S.

CHICAGO GRAINS

Chicago, September 28. Grains Anally got rolling up- ward today after spending most of the session in state of Inde- cision.

Soybeans, alded by export sales and wet weather, perked up Arst from peace rumour Jitters. Later, wheat came ahead, Corn and oats wiped out all of early morning| losses.

Whent closed i to 1 higher.

December $2.229-1. March $2.27-1.

May $2.271.

July $2.142,

Corn was 1 to § higher. Decem- bor $1.44-$1.43%.

Oats were I lower to a higher. December 793.

Rye was to a higher. Decem- ber. $1.397.

Soybeans were 11 to 27 higher.

· $2.359. -- Associated

NY COTTON

Washington, Beptember 28,

November The Commerce Department to- country yielded tons of the pre-day tightened controls on export clous metal to: the ancient Pharacha, centuries ago. Pro- of aluminium, copper, brass, lead duction

decreased sharply in and zinc to prevent undue drain on domestic supplies of those modern times.

scarce metals,

The Ethiopian Government re- cently purchased large quantities of modern gold mining equipment

New York, September 28, Cotton futures were under pressure of liquidation in nervous Henceforth, it said, no ship dealings today. The favourable ment of those metals or products made from them may be sent to trend far the Kertan war news from the United States.

any other country, with the sole take profile. Numerous slop loss prompted commission-houses to Ethiopia's oldest gold fields are exception of Canada, unless orders were touched off, with

in her Western provinces. Itow-llcence has been obtained, from losses extending to more than $2 ever, new, fields in the vicinity of Adols, In Sldamo province," "in

the Department,

la balo before tlie market recover- Southern Ethiopia, are reported made without licenco to

Until now, shipments could be cd on more active mill buying and to be the largest producers now. points in the Western Hemis- tended to more than a dollar a By short covering. The recovery ex- -Asociated Press,onl

phore.

Pacific Far East Line, Inc.

DIRECT

Fast Regular Trans-Pacific Service

SAN FRANCISCO, LOS ANGELES

WARRENA LUCKKXB&CH"

Man Pronction

Sept.

„Ban Franchico

"ELESTWOOD”, †

NORTH WESTERN

ERS PVICTORY” **YLYING. DRAGON"," PWILLIAM LUOKKIBAGH",

OVERLAND | KRW - TÖRER-CISICAGO-PETRGIT-TOROWTU KONTRBAL AND ALL AMERICAN, & GANADIAN CITIES.--

Bon Frakciono à Les Avedi.

In another step, the Depart-ale compared with the lows for

the day: ment re-imposed, export controls Futures closed 75 cents a bale on unassembled battery shells: and parts, requiring licences for higher to 31.30. export, anywhere except Canada, December

October

-Associated Press.

March

May

FERN LINE TO CALL AT HK

July

|--October

Decamber March Middling spot.

New York, September 29, For the first time in' 10 years, the Fern Line will send ita passenger" and freight ships, to and from Japan, with stope in Hong Kong, and, the Philippines,;; says, Fearnia puddegeri loçon- porated, agenta for thering, or

Bailings Crom the United Stat will be from the Gulf, ot, limitles parts of New Orlşti! Vla Louds

40.70,

40.38 39.

40.1200

30.75,

39.23

30.12.

· 84.80-90;

54.73. nomiusl. 41.78 nominal. Associated Press.

LONDON STOCKS:

London, September 28 Rubber, and Un miares dropped lower on the London-Stock/5x= change" today, the fourth straight day bf prodt taking after ísharp)

Covernment bonds were fr and allewburol prices : Kanurally abowed illúc changed stac

Associa ad Press. Anne

Bhells (mier) 65/79am.

Union Waterbosta 20. Asia Nav. 106, 0,

Decks, Wharvas, Godowns, Etc. IX & Kowloon Wharves 825.

North Palot Wharves alb, Bn, 1%șa.

*HK Doska 166, 1674ma,

Chine Providenie 1194b, ¡Zax. Ahanghai - Dockyards 3. Wheelocke 21356, 24168, 24/2498.

Mining

flaub Mines 4.10m.

IK Mine .016.

Lands, Hotels &

Buildings

bal Hotels 8.20, 74678.4048

HK Land 40.

Shanthal Lands 1.40

Humphreys ab.

HK Realtion 2.10, 8.20am Chinese Patates 119.

· Pubila Utilitiae

JIK Tramwaye 1945, 19%/183⁄41⁄2s£.

Peak Trams' "(018) ́17b.

J

(New) Br.

Bar Ferries Tib,

China Linhtet

(018) 194b, 14,20m, 1955/1856am - (New) 1,606, 10, 8.90/%s:

JIK Electrics 27%6, 29%, 203⁄41⁄2/2836/34,39 Haso Electrics 11.

(New) 10%.

(Manu Bh.) 10.

Bandakan Lights $án. Telephones 11.06, 11.80/15.

(Rs.) .05, 05/02/03an, Shanghai Gas 136.

Industrials

Cald. Mace. (Ord.) 22. Conton Ice Biju.. Cements 1136, 1934/11 Siam, 11. Rape

185, 1

Stores, Etc. Dairy FarmaT 11.894, 15/16.60s,

BIR) 445, 46/4. Watson 26, 24/2788.

L. Crawfords $24. Blacer n..

China Emporium Bijn,

Buns Co. Ltd. 1.70n. Kwong Bang Tiong 10%. Wing On ([K} 40M- Win, Powell, Lid, 15.

MiesaltaneoUE

China Entertalomonts 14. JIK Constructions (Old) 1.

(New) 1,10,

Vibro Pilings 10s.

Maruman. Investments R/-n. Maraman (XX) 7.

Bhanghal frown 70b.

Bhanchal Explær, qu. Yangioneu 23⁄4n.

Cottone

Ewos 15, 10, 12000.

Rubber, sto, Companion Alma Estates 1215h, Asalo-Dutch lin.

Anglo-Javis 20h. - Batu Anama

Date Plaxtalioja „Bib. Chemos United: 800. Cheng Bubbera: „175. Consolidated Ribbere 1.006. Dominion Rubbers $0. Jara-Consolidatoda

Kita Babroe „100, „Kroework. Taras Jln.

Zanekate -5(b.

Pidan

Rubbers (11b, 16an, Repah Rubbers 16m. Robber. „Trista 2.106, . Barokgars Rubbere Ján. Bambu Rubbers Shanghai Kodaho CVD. diskm Shanghai-Malays. 100.

10h.

Shanghai Pahang · „556.' Shankhal Jussairaa“ Ib. Bon Manuel 306. Bungel Duris #114b. Tun Morph Bob Tebang Rubber), „15); - 2018, Zanabe Rubberi 1,800. *.

II

BUSINESS DONE (Direct business)

Bank '91 at £1,460,20 at $1,450. Whorlock *100 ut 324, *200 mi $263%.

- North Point- Wharves *1,000 «s. SIX. 1,509 #4, #1,000 at 84%.''

*IIK Doak 260, 1 #10%

Qina Provident 1,000 mt ELP.

IIK Shanghal Hote) $,000

74.

1. GOD 'N2) 17.40, 1,000 11 87,30, 2,000 # 33.20,

"At $7.90,-1,200 49.85,500

1.500 a $940NJË

HE Tram #100 ́kt sistk, 500 KE SIEM, 400 at $10,1,000) at $13, 190, M

In Port

Balls Bøpt. 30

Arr Oct. 29 Ballo Oct. 80 ROUND THE WORLD

VIA MANILA, SINGAPORE, COLOMBO, COGHIN, BOMBAY, KARACHI, BUEZ, PORT BAID, ALEXANDRIA, NAPLES, MARSEILLES, GENOA, NEW YORK and. BOSTON

Pres. Poik

Marina Snapper

Art. Det.: 10 Balla Oct. 19

Art.

Baile Oct. 28

Oct. 20

BEN LINE

FAD $231

DUE

In Port

GRIP "BİNCLBUCH"

BENVANNOCH" "BENVORLICH"

ARRIVALS

FROM

`U,K, 'vla Bingapore

op er abt, 20th Oct.

29th Oct.

"BENMACDHU{"

"OENALDER"

"BENAVON"

"BENREOCH" "BENVENUE"

"BENLAWERB"

"DINVORLIGH" -"BENALDER” “BENVENUE”

"BENVANNOCH"

"DENWYVIB"

"BENCLEUCH"

"BENMACONUI”

"BENAVON"

SAILINGS

London, Antwerp, Rotterdam. & Hamburg

London, Antwerp, Rot. terdam & Hull,

Genon, Liverpool, Rotterdam & Antwerp.

Liverpool,"・・ Glasgow, Dublin, Antwerp: "6" Rotterdam,

In Port

12th Nov.

28th Nov.

3rd Dao.

11th Deo.

24th Des.

Loading on or abi.

Via Singapore, Colombo, Port Sudan, Aden, & Buez..

For Further Particulars, Apply To

23rd Oct. 16th Nov, 15th Deo.

2nd Oct.

20th Do

K/Wharf

31st Oct.

S0th Nov.

W. R. LOXLEY & CO. (CHINA)Į LTD.

York Hallding,

Agents

Telephones 34165.

THE EAST ASIATIC CO., LTD.

M.S. "KAMBODIA"

LOADING 15th OCTOBER

for

ADEN, PORT SAID, GENOA, ANTWERP, BOTTERDAM,

HAMBURG, OSLO, GOTHENBURG & COPENHAGEN

THE EAST ASIATIC CO., LTD.

Queen's Bldg., End Gear,

Tel. 34111 & 34118

RECALL ORDER TO GUARDS BRIGADE

Sennelager, September 28, The British. Fourth Guarda

China Light foldy 600_RE^81815, "Los Brigade has been ordered to autumri AL 112.90,"230 x1 818, 500 11 918.20, | hurry Imck from 1,100 1 81956 F00 #S BER3%, 500 manoeuvres near here in case

"}

at $1856,

The Belgian Prime Minister, M. Pholion, also paid a brier visit to. the Belgian Brigade in the field, gry. Other vistóra today;were the.

Commander of West. Eumpean "Land"-"Forces, French Generat Lattro, de famigny, and the Chie? 'of the imperial: General Staff, Floid Marshal Sir, WIL “llám Bilma

Chian Liebt (Now) 800 at 11.99, 55 of Communist disorders in the

19.30, 1.500 119, 100 g Rühr over the week-end, \*1,500 *****$254, 21,000 në- 291%) The Brigade, normally station- 1,200 a $3164 on hea in the Ruhr, will be the first HK Electrio 2,000 4 $2535, 18 at formations, to be moved back

to 12615, 92.000 81. $22500 ita: station from

the manoeuvre 12145, 32208 328, 8200 828 area when the exercise, ends, peak tonight when an penult

The exercise is reaching Sla

Plephopo 71,179 ^»9- #11-292-

elther late, on Friday or early crossing of the River, Weser I to

be carried Cement 680 as 110% 1,000 at 011; 500 Saturday.

The British authorities

The British Second Infantry Repo, 415/14 819 56,103, 12

parently conildsted it unants to Division and the Belgian Brigado Dairy Farm 704 at Bit2-$2,000 at 1215: [eave only; email troop units in are on the East side of the river,

200 ms 6i8, 2018 24 615, 3.706 at the Ruhr this week-end in view Attacking the famou * 14,80; 200 - $14.50, 1450 * f possible communist disorders. Seventh Armoured Division, the

WIL200 23.300 328, #1,000 a $281. Although they have been a "Desert Rate who have the

Ch 127,00 kr 100fat en week in the fold on strenuous of taking a bridgehead: Ego 145, ni '18,49EUNER and manoeuvren," the ' Brigade-two Telephone, {Nights)-8/490 at Arm venia, Guarda battalions & knd the leFirst

15% 3,000 THE FEW* "pening 1,000: #8, thre|Battalion Royal Norfolk = Reg!" | "talion

mkwill be kept on

until Monday in case

the

police cannot copm fawyíth

Filine manoruviul W |today by the British War MĮ

altack ** toriight ́ls. to

be

sby the ^ Third:Bat-

ttempt, to

-Infantry