1950-10-11 — Page 12

R.I.L.

ROYAL

INTEROCEAN LINES

SINGAPORE, JAVA

ARRIVALS

in Port

PORTS and

MACASSAR

"VAN'HEUTSZ" *

"TABMAN”

in Port

"TJITJALENGKA"

25th Oct.

only to S'pore, Penang & Bel. Dell

MANILA, EAST &

SOUTH AFRICA &

SOUTH AMERICA

"TJIBADAK" *

"STHAAT BOENDA"

"TJIBADANE"

"TEGELBERG"

SAILINGS

12th Oct

13th Oct. ath pak

ARRIVALS

SAILINGS

!

16th Oot. 11th Oct.

22nd Oct.

30th Oct.

18th Nov.

not calling Manila and South America

JAPAN

"TJBADAK”

"TJISADANE"

"TEGELDERG"

THE CHINA MAIL, WEDNESDAY, OCTOBER 11,· 1950

FINANCE AND COMMERCE

Hong Kong WORLD COTTON OUTPUT

Stock

SHOWS DROP

AS

Exchange CONSUMPTION INCREASES

Washington, October 8.

A slightly easier tendency pre The U.S. Department of Agriculture says world

vallet on the Stock

Exchange

yesterday, and prices were geher-i ally nofter where changed. Pront taking and corrective selling slow- ed up in the afternoon session

market closed! however and the

cotton production for 1950-51 is estimated at 26,650,000 bales, about 14 per cent balow the 1949-50 total of 31,050,000 bales.

buyers at the lower World consumption, stocks and trade for 1949-50 all showed increases over the previous year. No estimate was made for 1950-51.

with frushi levels, and signs of strength re- appeared.

i

ARRIVALS SAILINGS

4

13th Oct

10th Nov,

24th Oct.

16th Nov.

1st Nov.

*

Agents: HOLLAND--EAST ASIA LINE

EUROPE via MANILA

and MALAYA

PRYNKERK"

"LANGLEESCOT"

"MARIEKERK"

Through Ba/t.' immund

to

Mediterraneon and Norther

Eurupean ports.

JAPAN

"RYNKERK"

"LANGLEESCOT"

"MARIEKERK"

* PEKING'STRUILDING:

2010

1. RIDES,

20220

THE ROBLE

TYE

ARRIVALS

19th Oct.

19th Nov. early Dec.

SAILINGS

9th Nov.

9th Dec.

carly Jan.

7th Nov.

22nd Oct.

7th Dec.

22nd Nov,

early Jan.

early Dec.

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 &

DJAKARTA (BATAVIA)

"STEEL AGE"

"STEEL SEAFARER"

ARRIVALS FROM U.S.A.

"STEEL. AGE"

"STEEL SEAFARER"

.13th Oct. .25th Oct.

Sails N. Y. Sails S.F. Duo H.K.

Sailed 12th Oct. 24th Oct. sailed

Sailed Sailed

GILMAN & CO., LTD.

Tel: 31146

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

m.v. "BALI"

SWEDISH EAST ASIA CO.,LTD.

ARRIVALS FROM EUROPE

13th Nov.

SAILINGS TO EUBOFE

m.v.. "TONGHAI” mv. "BALI”

.31st Oct.

.29th Nov.

FOR

ADEN, PORT SAID, GENOA, MARSEILLES, CASABLANCA,

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

Deeptanks available for bulkoil

GILMAN & CO., LTD.

Tel. 31141

RK GOVT, LOANS Lan.

Lan (1981 & 1940) V Lown (1948) 9546.

HANKH

Shabani Batsk 1440.

[I Reg.) 48350, Chattered Bank £10 1/16n, Mercantile Bank A. & D. £22. flank of East Asla 107. INSURANCES

Canton Ink, bub.

Uuden Jux, 670), 700), APUMI, Chin Underwriters 3,00n. HK Fire 14, 143an.

BHIPPING

Douglasen 150.

NK & Marry Stentrikust in.

Indo Chiran (Peef.) 125,

(Def.)

Bhells theater) 12/1.

Union Waterliumia 19.

Aalu Nux, 107 lyk.

DOCKS, WHARVES, GODOWNS, ETC.

FK Kowna Wharves BAD, North Paint Wharves

4b, &1%/20?ma.

Shanghai Hogchew Wharver "bb.

1K The Fre

Chin Providente 120,

Alumni Dockyards 42 Wherlocks an.

MINING.

Raul Minese 4,791,

EK S 01.

LANDS, HOTELS & BUILDINGS Khoi Hotel 8,200, 8.207.80/V4 HK Lanal 4RION.

Shanghai Innals 1.Gün.

Humphreys

40.

1K Renities 2.10m.

Cine Estolan 130n.

PUBLIC UTILITIES

1 Trawy 13.806, 14, 14/13.50an.

Peak Trama (0) 18.

►

(New) 8n.

Star Ferries 7114b, 73, 334.

China Lights:

(M) 12 891, 13.20. 13/13.80/1316. (New) 9b, Asp.

HIK Eetrics 274, 25, 275/450, Muen Electrica #120.

(New) 104an.

Bam Sh.) 10an. Sansiskien Light 8. Telephones (01) 12.

(New) 10!30. Shanghai Gaa 1945,

INDUSTRIALS Call, Murk, fOrd) 2214k. Canton Iris 170. Commite 1946, 143m, 144/110% am. IK Hepna 12345, 15582.

STONES, Etc.

Dairy Farma *10M) 191⁄2, 1ès, 13%,

(New) (Prae

H

Watrons &

1. Urnwforth 240, Sion,

Sieceres n.

China Emporium 82. Gun Co., Ltd. 1,70m, Kwang Sang Honu 85b. Who On (HK) 451. Wm. Powell, Ltd. 28.

MISCELLANEOUS

Chin Kutertainments 13.

. IK Constructions (Old) 35.

̄`•.~~~ (Newj - 1,306.-

Vibro Filings 10b.

Morosan Doveslasenta 9/+5, Morsman (UG) Ada.

70. Shanghal Explor. 20. Yangingu,

Fiveu

COTTONA

RUNDEN, ele. COMPANIES Alma. Estates 128. Anglo-Dutch 30. Anglo-Juvas (20b. Batu Anuma

166.

Bute Plantations G

Chemor United „30b, „50s, Chen Rubber 230. Consulisintex Rubbers 1,650. Deminton · Rubbers

Sarı-Consolidated

Kata Baliroo .93b. Krouwork Javas ..156.

Langkats 30

509, on:

Pada Rubbers' ‚15b.

Repuh 105.

Rubber Trusts 2.30h. Aamagoga Rubbers .6566, Bemambu Rubbers 39. Shanghal Rodaba bb, SVasa, Blanchal-Malore 10m. Shanghai Pahang „15b. Shanghal Sumatrns 1,10b. Sun Manggis Sungel Durla. 206. Tanah Merahe „fik. Tehona' Rubbers

10

18h.

Zinngbé Rubbers 356,

BUSINESS DONE (Direct busigers) ·

*

HK Baukt 1,400. Union, Ins. *26 at 1089, 5 at $680. HK Pre 3 ut $146, North Point Wharton $2,000 ** 351⁄2,

2,000 at 1, 2,000, at 85,00. Chins Providant 200 at $12.

HK & Shanghai Hotel 190 at 19.30, 100 BBC Tram 1.690 at $34, 2,000, a 14,

at $8.20, 600 at 85.30, 500 at 1836.

4,500 at $18.00, 100 at $15.00, 200 ́nt: $18%.

Chian Light (014) 200 as $18.40, 1800 at $18, 500 at 15, 100 at #18, 500 (Continued at foò of next-Col)

Pacific Far East Live, Inc.

DILDOT

Fast Regular Trans-Pacific Servico

BAN FRANCISCO, LOS ANGELES

Bin Franciscy

'OVERLAND NEW YORK-CHICAGO-BÉTROIT-TORONTO, MONTREAL AND ALL AMERICAN: &- CANADIAN CITIES,

Arrive

Det.

*LKETWOODY:4: "CHINA BEAR“ · "FLYING DRAGON

"WILLIAM

VI"CONTEST

tan Frances Cargo arriving by “Firing Dengvą?"

„Ban'Fränciam di Los Ángilis,

The sharp drop in produc-. tion is due mainly to lower acreage and yields in the Unit- ed States, where output is ex-.

9.700.000 pected to be only bales compared with 15,000,- 000 a year ago.

Foreign production Was up 1.820 000 bales (12 per cent) to 10,850,000. The increases for major countries are!

China 500,000 bales, Egypt)

Brazil 300,000, 450 000, ngin 215,000, Pakistan 150,000 and the Soviet Union 100,000.

Official

that sources bellevo the U.S. production will increase next year due to recent Govern- ment selion in lifting restrictions

on cotton growing.

World cotton consumption last year is now estimate t 29,200. 000 bales, about 800,000 above

that of a year before. U.S. con- sumption rose from 7,795,000 bales to 8,870.000.

Consumption in Europe coun- tries, Including the Soviet Union apparently increased by about 500,000 bales from 7,500,000 to 8,000,000.

Asia's consumption

Yugoslavia

asks for British aid

.

London, October 0. Yugoslavia has asked Buitaln for a substantial loan to help: her buy capital and consumer to (usually goods, according well-informed quarters in Lou don today.

The request for the loan, be- loved here to be for between 10,000,000 and £20,000,000, was today being considered by British Government departments, they sukci.

The loan was understood to be part of Yugoslav moves to launch a considerable reconstruction pro- Gramme.

New York Stock Exchange

New York, October 9. Selling forces dealt the stock market a forceful drubbing to- day. A mild rally developed to- ward the clore and helped litt many ismos from the day's lows. Plenty of stocks, however, finish- cd from $1 to a round $6 lower.

A sell-off in Chrysler Motors reached a fast pace and at one time the stock was more than $4 under Saturday's closing price.

Traders were disturbed over Inercasing reports of programmes for curbing credit, which might lead to a slowing down of Indus- trial production."

:

Trading was at, the rate of 2,- 400,000 shares for the session.

Other issues far behlad were U.S. Steel, U.S. Rubber, Dupont, International Paper, Jolins, Man- svill and U.S. Gypsum..

Dow Jones averages: Stocks 82.94; 20 Industrials 230.02; 15 Rails 08:03; 10 Utilities 40,02. - The American Export-Import Closing quotations: Bank has already made two $20,- 000,000 loans to Yugoslavia since Adams. Express the middle of last year and at the Alaska Juñet and of August the Sceretary of

American Con State, Mr. Dean Acheson, on- Consumption in Agia so anounced that the United States whole 'was down by

had agreed to loan her a, further nearly 200,000 bales from 8,100,000 to $13,000,000, 7,300,000. Shorp decroasco of

Reports from Belgrade at that Anaconda Copper 500,000 bales in India to 3,250.¦ time valu that Yugoslavia facea Aviation Corp. 000 and by an estimated 850,- bankruptcy by October if she Baldwin Locomotive 000 in China to 2,150,000 were could pot raise the money.

Bendix. Aviation partly offcct by a sharp rise in

Bethlehem Steel Japan where asumption of Mr. Eugene Black, President of Boeing Aircraft about 1,060,000 bates was 350,- | the International Bank for Re- Borden Co. 000 higher than in 1948-49. construction, visited Belgrade last Canadian Pacifie

month to discuss a Yugoslav ap- Case J. 1. Consumption in South America pliction made 13 months ago, for Chrysler andi Africa wos about equal or a $25,000,000 long from his Bank Colgate slightly above that of a year ago. for capital reconstruction.

World cation stocks us of July: 31 this year were estimated 16,400,000 bales, up 1,500,000 above the total for July last year. Stocks were up substantially

the U.S. and Western Europe anci

in slightly

Pakistan, Turkey, China and South America. De- creases were reported in Asia, Africa and Indio.

Commercial Solvent Yugoslavia has also been nego- Corn Products tiating for a credit from West Du Pont Germany, reported in Belgrade to Eastman Kodak Electric for $30,000,000, on a short term General hp and 535,000,000 payable in about 20 years. Reuter.

COTTON CROP

Motors

Goodrich Goodyear

Homestake Mining International Harvester

Paper

Tel & Tel

AMERICAN PRESIDENT LINK

The Global Fleet,

St George's Bldg.

Tel. 28172/6

TO HONOLULU & SAN FRANCISCO.

Prem Claveland ve

Gen.

Gordon

Pres.

Wilkan

vio JAPAN

Arr Art. Oct.

.Oct..14

Salta

Oct.

18

10 Balla

Oct,

Arr

Nov. 3 Balla

Nov.

TO SAN FRANCISCO & LOS ANGELES *

via JAPAN

Bros. McKinley Pres. Taft

Arr. Nov. 4 Balla Nov.

Nov Art.

G Balla Nov.

TO NEW YORK, BALTIMORE & BOSTON

via PACIFIC COAST & PANAMA

Oot. Arre

27 Balla Air. Nav. 15 Ball. Nov. 1

Pree, Tyler Pro, Grant

ROUND THE WORLD

Oct.

and

VIA MANILA, SINGAPORE, COLOMBO, COCHIN BOMBAY, KARACHI, SUEZ, PORT BAID, ALEXANDRIA NAPLES, MARSEILLES, GENOA, NEW YORK BOSTON

AN Oot 18 Salis Oct.

Sa||= Arr, Oct. 30

Prez. Polk Willametto Victory

'OCL

BEN LINE

"DENCRUACHAN"

GET 82

FRENTAL

ARRIVALS

FROM

U.K. via Singapore on or abt. 22nd

200 .14th) 1st

14th

0

1ut

10th

17t

23rd

292H

234 2 104

Smelting Telephone Tobneco Waterworks

65

SHIP *"BENVORLICH"

450%

"BENMACDHUI"

07.%

"BENALDER"

931

"BENAVON"

35

“BENVENUB".

"BENLAWERS"

135%

"BENMHOR"

48%

"BENATTOW"

43

"BENLOYAL"

30

50%

19

52%

SAILINGS

02

Loading on or

45

19%

26th

"BENVORLICH"

GG1⁄4

17th

"BENALDER"

01

"BENVENUE”

17th

40%

"BENWYVIS"

London,' Antwerp. Rotterdam, & Hamburg

27th

4832

"BENMHOR"

14th

53%

"BENATTOW"

21st

114%

"BENLOMOND"

25th

01

39%

3131

45%

"BENMACOHUI”

13

"DENAVON"

464

"BENLAWERS"

Liverpool, Dublin, Rotterdam.

Glasgow, Antwerp

52

6th

054

055%

20

50%

US exports jumper, from 4.- 747,000 to 5,770,030 Úáles, Mexico! from 230,000 to 677,000, Pakistan! from 660,000 891,000 and in a. harvest tinc report today | Radlo Corp. Turkey from 135,000 to 239,000. estimated the U.S..cotton crop Real Silk

at 9.309,000 bales of 500 lbs. Remington Rand Brazil exports dropped from weight. 033,000 to $50,000. Lales, Changer

Washington, October 9. Packard Motors The Agriculture Department | Pan American Airways

New York Central

16%

44

19%

18%

144

1314

-41

For Further Particulara, Apply Tom B W. R. LOXLEY & CO. (CHINA) LT Agents

3516

York Buildlog.

Telephone: 34

32%

0214

$2

24

601%

22

754

I

Oil of N, J.

80

Studebaker Union Bag

-35%*

35%

THE EAST ASIATIC CO., LT

405%

50%

40%

10%

33%

17%

--World ----cotton -yxport--trado amounted

to about

bales in 19-10-50,

12.300,000 or 1,600,000

larger than the previous year.

Johns Manville Kennecott Copper Montgomery Ward

ESTIMATE National Distillers

Lend

Republic Steel In exports from other countries the forecast of a month ago. The

This is 13,000 bales less than Reynolds Tobacco

Schenley... were relatively small-Associated indicated crop is far short of the Sears Ruchuck

Press,

government's goal of nearly 12- Shell Oil 000,000 balcs and is sharply bolow Socony Vacuum last year's 16,120,000 bales. It also Southern Pacino is short of the 1999-48 average of Standard Brands

Oll of Calif. 1,899,000 bales.

APL ship turned over Secretary of to U.S. Navy

Curaden, New Jersey,

October 9. President George Killion of Ute American President Lines today turned over three (new ships to the Navy and then announced his company plans seven new vessels (for private use.

Mr. Killion's announcement that his company's "faith in the future inspires us to plan a ship replacement programme involv vessels took maritime leaders by Ing Boven ndditional new

surprise. Ho

previously

had

Because of the small crop, the Agriculture, Mr. Charles F. Brandao, has stupend-

11 Carbide ed acreage and marketing quotas for next year's crop and called for US Rubber production of at least 10,000,000 bales.

Rigid government controls, poor weather and insects were factors contributing to this year's small crop.-Associated Press.

Negotiation

on wage Increase

CIO Steelworkers Union lea

Pittsburgh, October 9.

mentioned only replacing of the ders today. reported that 35 three ships being turned over to large and small steel companies the Navy.

have agreed to immediate ne- The 10,000 ton s/s President gotiations on the union's de- Adams, record of three sistermand for a very healthy and ships destined for service as a substantial wage increase. troop transport, went, down the The union has baked 11000

Steel "Lines Westinghouse

Youngstown Sheet & Tube 105. Gen. Pub. Utilities

U.S. Treasury bonds eligible for commercial bank purchase dipped slightly, while restricted" issues held steady. Corporate bonds moved narrowly.

Lower in the curb were Alcoa, Cities Service, Electric Bonds and) Share und Kaiser Frazer.-Asso ciated Press.

Money Market

Both US dollars and industrial gold dropped several points over the week-end and holiday."

US dollars opened at HK$0.-

311⁄2 against $0.30 on Saturday. The closing Tate

ate was $0.314 Highest and lowest rates were

and $0.80%

opened at

ways at the New York Shipholld-) companies to reopen wage proat $0.374; 92' 0.87 and

ed. Press.

ing Corporation yards. Associat- visions of contracts. Some nego-

tlation sessions are under way,

Communications CIO

• $15,4*1,COD at: #15.

..

The

"BENCRUACHAN"

Accepts Cargo for Genoa, tAccepts Cargo for Havr Via Singaporo, Colombo, Port Budan, Aden, à Sutz:--

M.S. "KAMBODIA'

LOADING 13th/14th OCTOBER

for

ADEN; PORT SAID, GENOA, ANTWERP, ROTTERDA HAMBURG, OSLO, GOTHENBURG & COPENHAGE

THE EAST ASIATIC CO., LTD.

Queen's Bldg., Zad Deer.

Tel. 34111 -

Pl plan on Spanish iss

the "Interval: to $0.30% drop in

Manila, Detcher 10.,. He said Mr. Romulo had in Industrial gold opened at HKS- Workers are taking preliminary 287 a toel, same as on Saturday President Quirino has dis-ed him that a resolution's effect had been presented steps toward what they hope will but in the afternoon it dropped to closed that, on file fratfuctions. letnorant of the su

$201, closing be voluntary pay increases

slightly better at the Foreign Secretary, Mr. deleston. The resolution $282.30. ALO

Carlos Romulo, now attending accord with the present moy 200,000, telephone workers. the Rallfonds and the Firemen's pounds went up starting spered the United Nations sessions, has in Latin American nationa

Both Sterling and Australian und Engineers' Unloria are having

pretented resolution to the tag full diplomatic drop UN General Asrorably pro- for Spain. By posing resumption of diplomatic veterated: relations between Spalti and

At 212.80, 500 312.95, 1.000 at

Uhine Light, (Now)*2.001 at 19, 1.900 *IIK "Ricetrie" *1,001 | se: 12794, 2,000, at

T% 300 37,100 at 177 exploratory táljes believed to be at HK$15.70 and closed at $10.58 Gemonta 313%, 100 at $14800 the first sim of now, Wake boost Australian pounds wont up from

$12,00 to $1205, of 1,200,000 Plastres were marked up to demands on behalter rail workersnos

HK$134, 100 "ndmtinai youterday Coming on the heels of recent afternoon in the morning: the agrtérbenta in the, automobile inerator Was $12.00, dustry where unions bla bigTicals mayül y

„Rond 1,500 at;BIN, 37

Dairy Farm (012) -6,000 as $1384, 803

Watson 100-PAIM1500, #1, 825.36.2. -Lang, Crawlensky 209: ht

other moneys of the United

made" this an= :sons attended

DAVO KARNET