1950-10-07 — Page 12

THE CHINA MAIL, SATURDAY, OCTOBER

1950,

R. I. L

INTEROCEAN

ROYAL

SINGAPORE, JAVA

PORTS and

MACASSAR

"VAN HEUTSZ" •

"TASMAN"

"TJITJALENGKA"

ARRIVALS

In Port

Oth Oct.

25th Oct.

ARRIVALS

LINES

SAILINGS

11th Oct. 10th Oct.

20th Oct.

SAILINGS

10th Oct 11th Oct.

22nd Oct.

30th Oat...

10th Nov.

*only to B'pore, Penang & Bol. Dell

● MANILA, EAST &

SOUTH AFRICA &

SOUTH AMERICA

"TJIBADAK” •

"STRAAT 80ENDA"

* not calling Manila and Bouth America

JAPAN

"TJIBADAK"

"TJISADANE"

"TEGELBERG"

"STRAAT SOENDA"

"TJIBADANE"

"TEGELBERG"

ARRIVALS SAILINGS

13th Oct.

7th Oct,

24th Oct. 1st Nov.

18th Nov.

Agents: HOLLAND-EAST ASIA LINE

EUROPE via MANILA

and MALAYA

ARRIVALS

"MEERKERK"

"RYNKERK”

"LANGLEESCOT"

18th Oct. Darly Nov.

Through. Bx/1.

Istued

to

Mediterranean and Northerm

European porta.

JAPAN

"MEERKERK"

"RYNKERK”

"LANGLEESCOT"

SAILINGS

9th Oct. 13th Nov. early Deo.

7th Oct. 10th Nov, early Dec.

22nd Oct.

carly Nov.

KING'S BUILDINGZÉTELHINHONESIK2801 5ETO Üg×017EA

§ PROUNASEZABEN IST IN CONNAUGHTŲ ROVIĘCE TEŠANI9Gglap |

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. 25th Oct.

DJAKARTA (BATAVIA)

"STEEL AGE".

"STEEL SEAFARER"

ARRIVALS FROM Ú.S.A.

Saila N. Y. Salls S.F. Duo HK.

"STEEL AGE"

Salled

"STEEL SEAFARER”

Sailed

Sailed sailed

11th Oct.

24th Oct.

GILMAN & CO., LTD.

Tel: 31140

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

SWEDISH EAST ASIA CO.,LTD.

ARRIVALS FROM EUROPE

m.v. "TONGHAI" mLv. "BALI"

.In Fort

.ond Oct.

SAILINGS TO EUROPE

.in.v. "BENGAL"

́9th Oct.

m.v. "TONGBAI” m.v. "BALI”

.31st Oct.

.mid Nov.

FOR

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

Droptanks available for bulkefl®

GILMAN & CO., LTD.

Tel. 31146

FINANCE AND

COMMERCE

PLAN TO STABILISE

THE PRICE OF SILK

H.K. STOCK EXCHANGE

After a week of fair activity the market closed slightly lower

best as than

profit-takers the

The dominated the final session. undertone was steady however and losses were unimportant,

The feature of the week has been the strong and consistent de- Been mand for Green Island Cements which showed stout resistance and finished $2 higher than Monday' early sales.

China Underwriters and North Points also had supporters and registered useful gains.

HK Govt. Loans

49 Loan 985.

3149 Loan (1994 & 1940) 03 3 Loan (1948) 00.

Banks

JK Shongbal Bank 1,440%,

(Len. Reg.) £841⁄21⁄2n. Chartered Bank £10/10n. Mercantile Bank A, B, £2214m. Bank of East Asin 1070. Insurances

Canton Ins. 2006. Reden.

Union In, T., D. Chlum Underweltere 2,908, 3.00mm. HK Fire Inn, 107,

Donglanen 250

Shipping

H & Macno Steamboala 11. Indo Chinas (Prof.) 12.

(Def.) sin.

Shells (Beater) 63/0n. Union Waterlanta 18. Asla Nov, 70b.

Docka, Wharves, Godowns, Etc. HK & Kowtoun Wharves 8415b, 8412an. North Polat Whirven Gb, 8.00, 0.

Shanghai Hongkew Wharves ·642b.

HK Docks 154.

骨

China Providents 12b, 12k.

Shanghai Dockyards 4n.

Wielocka 20%, Žika.

Mining

Rauh Mines 4,70m.

IK Mines

01.

Lande, Hotels & Bulidings --

HK & Shanghai Hotels 8.203), ~8,000,

8.42aa.

HK Lands (18.

-Shanghai Lands, 1.601.

Humphrey 00

HK Remition 2.15.

Chinme Estates "310n.

Publio Utliltles

HK Tramways 14b, 1430/20KA.. Penk. Tranty (Old). 28m,

(New) in,

Htar Ferries 754. Chlua Ligh

(Nid] 13%6, 18,801, 1815/40mm, (New) 0,60, 915 mm.

HR Electrics 195 2815/28. Macan Electrics 111⁄2n.

(New) 103in.

(Boros Bh.) 10n. Bandskan Lights 84% n. Telephones (Old) IZN

(New) 10n. Shanchal Gas 15.

Industrials Cald, Marg, (Ord) #211⁄2n. Canton lern 15.

Cementa 145, 1939, 141⁄4%/%/15mm,

НК Порек 1035л.

Dairy Farma

Stores, Etc.

(01) 18b. 14%s, 14/132mm. (Now) 124.

Watsons 201¤.

E. Crawfords 24m.

Binceres In.

China Emporium 81⁄21⁄2n.

Bun Co., Ltd, 1.70p.-

Anne Ben Hoan Tù.

Wing. On (HK) n.

Wr, Powell, Ltd, 8n.

Miscellaneous

Chinn Entertainments · 136, JIK Constructions (Ok) 3,

(New) 1.300.

H

Vibro Piling 10b. Mariman Investments 9/-n. Mersman (HK) 78», Shanghai Low Tab. Shanghai Explor. 206. Yangtzer 2n.

Ewow #9*.

Cottons

BUSINESS DONE (* Direct business) Canton In. 10 at $100. Union Ins. 60 at 1080. Wheelock 1,000 at $25. Wharf Co, 100 at $455.

North Point Wharrer 2,500 at 6134. China Provident 1,109 at 18, 200 ut $12. IIK Land 400 at $64. Kahanahal Hotel 500 at 18.40.

1,000 8.40, 700 at. 83,40. HK Team 1,200 at $14,30, 1,000 xt

$14.30, 500 at $14.00, 700 mt $14.20.

Now York, October 6.

Twenty-eight Japanese delegates to the Interna-

New York Stock Exchange

AMERICAN PRESIDENT LINES

The Global Flact

Tel. 28172/5,

TO HONOLULU & SAN FRANCISCO

Bt. George's Bldg.

Pres. Cleveland

Gen.

Qordon

PFOR

Witton

vio JAPAN.

'Arr Oci

14

Salie

Oct.

Arr.

Oct., 18

Galle

Oct.

Arc

• Nov. 3

Boile

Nov.

via JAPAN

Arr.

Oct. B Balla Oct.

Ar

4 Novi

9alla. Nov..

TO SAN FRANCISCO & LOS ANGELES

Pres. Pierce Pres. McKinlay

of

New York, October 5. Stocks tried hard to get ahead

the leadership today under

tional Silk Congress opening hore on October 16 arrived last night with a definite plan to -stabilise the international price of silk. Mr. Heiji Yoshido, honorary president of the Intermolors and steels but the market national Silk Association and head of the de-retreated under last minute sell- forced losses legation, did not say what the plan would be ng pressure that

ranging to around $1 a share. but will present it when the conference opens,

He. said Japan would become a permanent member of the ISA "as soon as we can get proper permission from SCAF after our return."...

WOOL AGAIN HARDENING

Mr. Robert Hickerson, SCAP

Sydney. October 5, Prices at Newcastle wool representative with the delega- tion, said there should be no diff-sales today tended to harden culty in obtaining such permis- | under keen general competition,

sion

The delegation is now here oficially as observers.

Mr. Ilickerson said the purpose of the meeting is to give Japanese representatives of the silk indus- try "an idea of how much silk will be needed throughout the world as well as the types and kind desired for production in Japan, and to meet technical problems regarding the price of silk."

"Plans were being made to in- crease Japanese production to supply the demand of foreign tharkets. Production was not held up by lack of equipment but by a shortage of raw material-cocoons and mulberry acreage.

All-out effort

Food shortage in the post had kept the mulberry aérenge down but now through, all-out effort of the Japanese together with Unit- ed States food shipments increas- ed silk production

be

achieved.

can

was determin-

The

price of sille w ed almost entirely by the cost of i raw

material

The delegation arrived after 40-hour trip on a special DC-4 plane on which was painted "Silk Mission, Tokyo-New York."

United Kingdom buyers took a more active part than previously, Any change in the market from the previous day's rates was in sellers' favoure spinning quality brought up to 190d, a pound.

Wool

At Goulburn sales the market was strong, being par to Ave Per Cent above Sydney rates, and 103d, was the top price realised.

In a strong market at Geelong "Australlán record (Victoria), an price of 210-4d, a pound was paid for greasy

Merino wool.

A record price of 214d. a pound was paid for three bales of lambs wool, Competition was widespread and buyers included Russian in- terests.-Associated Press.

South Africa to float loan In London

London, October 5.

Stects alone stood higher among the major groups. Motors were unchanged, lower were rails, oils, metals, motion pictures and utili ties,

That does not tell the whole atory of the day-of the 15 most ended active issues, only two lower. And a number of indivi dual stocks showed Independent

strength based on corporate dove- lopments.

·Transfors wore 2,400,000, Gainers included Pepsicola, Jones and Laughlin Steal, Curtiss- Wright, Rexall Drug. Armco Steel, Stumblers included Santa Fe, Morris, Western Union, and Dou- Nickel Plate, Cocacola, Philip

klas Aircraft,

Dow Jones averages: Stocks 83.02; 20 Industrials 220.85: 15 Halls 60.18; .10 Utilities 40.02,

Closing quotations: Adams Express Alaska Juneau American Can

Smelting Telephone

so the problem The South African Govern-Commercial Solvent really goes back to the farmer, ment announced today that It Corn Products

He concluded: "We are a big will raise £5,000,000 in London | Du Pont delegation, well equipped to tackle on any subject. Japan is through a three and a half per Eastman Kodak prepared

to make an sil-out effort cent inan to mature in 1988-70. Genoral Electric Motors Mr. N. C. Tavenga, South to make everyone happy using Africar. Finance Minister,

ne- Goodrich our silk."

gotlated the loan during his re- Goodyear

Homestake Mining. cent visit to Britain. It follows loan et £10,000,000 raised In International Harvester Londor:

Paper. finance

Tel & Tel capital projects in the Union. At Mr. Yoshida and Hiroshi Shiga, that time Britain agreed to South Johns Manville silk industry adviser to SCAP posed at LaGuardia airport with Africa's raising a further £10,- Kennecott Copper 000,000 required, and the new Montgomery Ward an airline hostess in front of a 000.00

this second National Distillers nylon hosiery dispensing machine. issue is part of

instalment".

Lead The machine operates by insert-

The new loan will be issued at New York Central ing a dollar, pressing the button

902

| Pan, American Airways of the size desired and receiving

Market reaction to the news Pennsylvania RR

last year to

23

• Calle North China Ports,

TO NEW YORK, BALTIMORE & BOSTON

via PACIFIC COAST & PANAMA

Prez. Tylor Pres. Grant

Arr. Arr.

Oct. 27

28 Balls Oct, 18 Galle Nov. 16 Nov.

ROUND THE WORLD

VIA MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAY, KARACHI, SUEZ, PORT SAID, ALEXANDRIA, NAPLES, MARSEILLES, GENOA, NEW YORK 【V BOSTON Pros. Polk Willametto Victory

Oct. 18 Arr. Arr, Oct.

Balls Oct. 30 B** Oct.

ย

BEN LINE BENDLIN

ARRIVALS

"BENVENUE"

"BENLAWERS”.

SAILINGS

London Antwerp, Rotterdam, & Hamburg

DU

In E

14th N

·14th.: £

24th C

25%

103%

i

65 15074

*

J

Tobacco Waterworks

65%

0

Anaconda Copper

35

Aviation Corp,

Baldwin Locomotives

14

Bendix Aviation

487%

Bethlehem Steel Boeing Alrcraft Borden Co. Canadian Pacifle. Case J. I. Chrysler Colgate

435%

35%

SHIP

FROM

50%

/"BENVANNOCH"

U.K. via Singapore

20

"BENVORLICH"

on or abt. 20th

60%

"BENMACDHUI"

2nd N

62.%

"BENALDER"

46

"BENAVON"

19%

00%

B194

46

47

03%

Loeding on or a

114

€2

39

31%

"BENVORLICH" "BENALDER" "ENVENUE"

3rd

77th

17th

45%

13%

"BENVANNOCH"

4614

London, Antwerp, Rot. terdam & Hull.

Buoy A

03%

0434

Сепед,

281

"BENWYVIB"

51%

10%

914

"BENMACDHUI"

"DENAVON"

194

18%

14

194

40%

35%

32

61%

51%

York Building.

Telephone: 341)

24

-61

22/

754

"

Oil of N. J.

8341

Studebaker Union Bag

33%

THE EAST ASIATIC CO., LT

35%

Carbide

40%

$16

30%

104 334

M.S. "KAMBODIA”

a pair of stockings.

Mr. Yoshida said slik stockings was favourable in direct contract Radio Corp. were much better than nylon.with last year's issue, one of the Real Silk... United Press.

Austrian basic exchange rate abolished

Vienna, October 5.

The Austrian National Bank todvy abolished the so-called basic rate of exchange of the Austrian Schilling in relation to the U.S. dollar, according to an official announcement.

The "basic" rate of 14.4 Aus- trian Schillings to US$1 established on November 21, 1949. for the insport of certain Marshall Plan goods, such as bread grains, flour, fats, sugar, cool, seeds; fertiliser, fodder and various kinds of medical supplies.

Wall

All foreign trade will be figured at the present trading rate of 21.34 Schillings to US$1 after today.

The so-called tourist rate of exchange of 20 Schillings to USS!

China Light (08) *500 at 81536,500 remains unchanged - Associated

At 91815, K60 at 318.40, 200 at $133. Prosz.

China Light.(New) 1,800 at $915.

HK Electric 500 at 328, 100 at $28,

100 at $28.

Cements #2,000 mi $143%, 200 at 14%,

100 at $144, 390, a1 #14%, 500 .at $145.

Dairy Farm (018) 300 at 814, 500° at

·913%, 1,000 at $1894. Watson 100 at 326,

Money Market

biggest failures in the history of Remington Hand the London Stock Exchange. Republic Steel Eighty-four per cent of the loan Reynolds Tobacco was then left in the hands of Schenley' the underwriters.-Reuter.

Sears Roebuck

Shell Onl

Socopy Vacuum

NEW YORK BANK Southern Pacide

QUOTATIONS

New York, October 6. Closing bank quotations: Bank of America 20-3/4 bid.

28-1/4 asked. Chase National

37-1/8, bid. 39-1/8 asked.

Bank

National City Bank

44-bid, 46 asked. -Associated Press,

NEW ORLEANS COTTON

5.

New Orleans, October Cotton futures closed US$1.30 to US$2.85 a bale higher.

October

41.00 December

40.73-74 March

40.40 May

40.48 July

30.41 bid Spot cotton was US$2.75 a bale higher.

Middung

41.15

·

Underwriters 4,000 at $3.30, *2,000 at Highest and lowest rates were March

Waterboats 250 at $15, 280 at $18. Repas 3,000 st.17% cents. Dairy Farms (New) 4,000 at: $12. Pahangs *1,000 at 0215 cents, Tanah Merahan $1,000 at 63 cents. Trista 250 ML $3.40.

·Star Ferriam *100 mtʼ873.

Pacific Far East Line, Inc.

1

Fast Regular Trans-Pacific - Service

AMMAM DVEALAND

IN NEW YORK-CHICAGO-DETEGIT/TORONTO, MONTEBAL AND ALL AMERIGAN) a CANARIAN CITIES."

DINEST

SAN FRANCISCO, LOS ANGELES

Arriva

San Francisco

riving, by ‚“Firing, Drág

"ANDREA LUCERNBACH" Dan Francisce

"NORTH WESTERN

VICTORY"

"LEETWOOD"A": "CHINA ̃DKARTA

YING, DRAGONS(),(

LIAM-LUCKKNBACH

-San Francisco & 196 AREVÍM..

· Biuropiro" Djakarta,· Hambay,

Karachi, Basrah & Übverumobor

:

New York, October 5.

47.00 bid.

Standard Brands

JP Oil of Calif.

US Rubber

"Steel

"Linas Westinghouse

Youngstown Sheet & Tube 10434. Gen. Pub, Utilities

17

Rall bonds edged lower. Among curb gainers were Fairchild Camera, Raytheon, Sherwin Wil- Hams-Associated Press,

NOTICE TO CONSIGNEES

mv, #STONEWALL JACKSON"

Having arrived Hong Kong consignees of cargo are hereby. notified that all goods have been landed and placed at their risk and expense into the go- downs of the. Hongkong and Kowloon Wharf and Godown Co., Ltd., where delivery may be obtained as soon as the goods are landed.

NY RUBBER

Crude

rubber No. 1 futures US dollars opened yesterday ati HK$0.30% and closed at $0.37. closed 125 to 200 lower.

December

52.50.

No claims will be admitted $0.37 and $0.35%.

Muy

43/50 bid. after the goods have left the TT opened at HK$6.40% and Spot No. 1 ribbed smoked sheets godowns of failure to attend closed at $0.41%.

17- nominal-Associated Press. the survey. Industrial gold opened at HK$288 a lacl, aid after dropping to $280 it went up to $290.50. It closed

at $200. Sterling went up five cents to HK$15.73.

HK$12.50 a 100

Ticals' at HK$20.00 a 100, and NEI Guilders at HK$2,80 'n 100,, were unchanged.

TEXTILE MÄRKET

were

20th

5th

5th

Liverpool, Rotterdam & Antwerp. Liverpool, Glasgow,

Dublin, Antwerpin Rotterdam...

Via Singapore, Colombo, Port Sudan, Aden, d. Suez,

For Further Particulara, Apply To-

W. R. LOXLEY & CO. (CHINA)}'LTI Agents

LOADING 13th/14th OCTOBER

for

ADEN, FORT SAID, GENOA, ANTWERP, ROTTERDAM

HAMBURG, OSLO, GOTHENBURG & COPENHAGEN

THE EAST ASIATIC CO., LTD.

Queen's Bldg, Zad Beer.

ECONOMIC AID TO THAILAND

Tel. 34111 &°26121

ALLOCATION BUSMATERIALS

Washington, October 5 Washington, October: 5. The Government's top prod United States economic aid to] tien official said today, that so Thailand will soon get under way materials may have to be al with shipment of US$71,000 cuted in the next 60 to 90 days worth of DDT to be used in the assure that milltary needs fight against malaria and other supplied; diseases in Thalland' sgricultural| arena.

William Henry Harris head of the National Product Authority (NPA), told repor he would not be surprised its allocations orders are by that trac

Allocation is to ef

In effect

ratio

All broken, chafed and dam- aged goods are to be left in the godown where they will be New York, October. B. The Cotton texille market examined in the presence of

The programme is under the Australian pounds opened at continued to mark time, except Messrs, Goddard and Douglas HKS12.00 and closed at $15. for some selling of print cloths on October 7, 1980, at 10 am. direction of the ECA. It const

Pistres continued nominal at The popular 80 Square print

tutes only the first phase of US cloth number sold at 27:1/2 cents To comply with the General aid to Thailand aimed at im- a yard for prompt delivery, off 1 Bonded Warehouse Regula- proving the health and economy at the manufacturer's level. 1/2 cents."

of the country.

liniting of supplies to m Wool

steady, tong, consignees must have a goods

facturers of civilian goods w The UCA is also sending a of course, mean fewer gooki) ↑ Rayon goods were dull-Assoc Revenue Officer in attendance ated Pross.

when examining damaged duti- quantity of phosphate and other lable for consumers, mer able goods. All claims against | fortiliser materials as "n part of Mr. Harrison 'spoke of ali the vessel must be presented to its first effort. These will be used bumptes of materials whi

and copper Chicago, October 5.

the Undersigned within four-in, experlements to be made, in Carn was steady under com-

London, October 0. mission house rolling Wheat Quiet firmness prevailed in teen days of the ship's arrival, agricultural areas. closed unchanged to cent most section of the Stock Expr-they will not be recognised. chango, British Government bonds $124 3/4-7/8) all closed with gains

No fire Insurance will be of of 1-16th $220 1/4-1/8 Pidth ofʻa'Pquidi

Fleetod dixzlly during the Korean

in wors

good demand. Tho closed

higher, the 1910s H4 bigher

_CHICAGO_GRAINS

December

March

May

July

one

LONDON STOCKS

to

FREE 90 5/6-271 Bolero' bonds, which have

$2.15, 1/8

Corn; was 7/8-1-84

"Qats" were unsligiged

Rye was 1 1/8-21 1/2 higher

Boybeans were 1/4-3/4 higher. -Associatnd; Press,

1907

higher

and the 10301 on

Financial Tiraca Index: 110.0. Associated Premie

WALLEM & CO. LTD.

38041-5. Teloph

But he said it tydiment The ECA programme for Thai yet to gauge ust when w land calls for U.B. ald to help fur hard te inlillasy, akparmia ther develop the country's agriqul-, gramme as will shift that tural resources, support the re- economy, ile,hopes to ha habilitation of the transportation déduite, knowledge” with and communications systema, 10 days 480

INPA 19 HOW: lookli provide American technical inte tance, inTMm ) public health, praz. 10, may pat

·gramina and aid in doveloping

Tamiland's expos

'ciated”Fress:

1