1950-10-12 — Page 12

Fare 12

R.I.L.

ROYAL

INTEROCEAN LINES

• SINGAPORE, JAVA

PORTS and

MACASSAR

"VAN HEUTBZ”' •

"TASMAN"

"TJITJALENGKA"

ARRIVALS

in Port

20th Oct.

only to S'pore,' Penang & Bel, Doll

MANILA, EAST &

SOUTH AFRICA &

SOUTH AMERICA

TJIBADAK” *

"TJIBODAS"

"TJISADANE”

"TEGELBERG"

SAILINGS

12th Oct.

13th Oct.

26th Oct.

SAILINGS 10th Oct

ARRIVALS

10th Oct.

22nd Oct.

a0th Oct.

18th Nov.

ARRIVALS SAILINGS

13th Oct.

10th Nov.

18th Oct. 24th Oct.

10th Nov.

1st Nov.

not ckiling Manila and South America

Je JAPAN

"TJIBADAK"

"TJIDODAS"

"TJISADANE"

{

"TEGELBERG"

Agents: HOLLAND-EAST ASIA ́LINE

● EUROPE vi¤ MANILA

and MALAYA

"AYNKERK"

"LANGLEEBCOT"

"MARIEKERK"

ARRIVALS

19th Oct.

19th Nov. enrly Dec.

te

Maditerranean and Northera

Through

Ds/L istund

European parte

JAPAN

"RYNKERK"

"LANGLEEBCOT"

"MARIEKERK"

SAILINGS

9th Nov.

9th Dec.

carly Jan.

22nd Oct.

7th Nov.

7th Dec. early Jan..

22nd Nov

early Doc.

SKING'S BUL,DINGZTELEPHONES SPRING STIVE 28017

BEECHSISCEAGENTSHIRE CONNAUGHT HOAD, GELEIS, IMELIS

ESTAT

סקופל

THE WORLD

THE WOW!

ISTHMIAN LINE

(Isthmian Steamship Company, Now 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”

GILMAN

.Salled

13th Oct.

25th Oct.

Sails N. Y. Solled

Salls S.F. Due R.K.

Salled In Port salled

24th Oct.

Co.,

LTD.

Tol: -31146——

Chinese Freight Agents:- HIN FAT & CO., LTD.

m.v.

"BALI"

Tels: 28823, 25553 & 23483,

SWEDISH EAST ASIA

i

CO.,LTD.

ARRIVALS FROM EUROPE

13th Nov.

SAILINGS TO EUROPE

my. "TONGHAI” m.v. "BALI"

.31st Oct.

.29th Nov.

FOR

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

Deoptanks available fer Kulk❤fi

GILMAN

Tol. 31148

THE CHINA MAIL THURSDAY, OCTOBER 1930

FINANCE AND COMMERCE

Hong Kong U.S. AGREES ON LOAN TO

Stock Exchange

In a steady but dull market prices showed

only fractional changes either way with gains properly predominating. The un- dertone is steady.

HK Govt Loans

4 Loan 98IL

Loan (ing4 & 1940) 95. 3 Lou (1918) Balta.

Bank

JK & Shanghai Bank 3,4038.

(di. Reg.) £82. Chartered Bank CP 14/10.

#

Mercantile, Bank A. à 11,, 40150, Berk ef Eust Axin 107h.

InsuranceR

Cantun 1, 2014, 260×0.

Unben I, 70, 7001

All Underwriters 3001,

HR Fire 1, 145.

Shipping

Douglazed 1801.

HK & Mauno Steamboate in,

In

Chins Pecka 125.

(1)

Shells (enter) 02/kn.

inlan Waterbonis 185.

Asli Nav, 67

Docks, Wharvet, Godowns, Etc. HKK. Wharves Rib.

North Point Wharvea 5,899, 5.63%. Shanehal Hongkew Wharera G14). 11 Docks 1ân,

Chins Providents 12,

Akanini Dockyards in.

Whorlocke, Zúb.

Mining

Brich, Mines 4,2015,

HK Mines 01.

HK

Lands, Hotels and Bulidings

setul Hulele 8.Sub, M.QUA

BK Lands 42.

Slanghai Landa 1.800.

Humphreys 956.

HK Bealls 2,150, Chinese Existés' 7398.

Public Utilities IK Tramwayn 13.700, 14um, Peak Trama (Old) 18.

11

(New) An.

Atar Ferrin alsh, 1216. Ching Lights (0) 12,00b, 13/13.10.

(New) p.10b, 1%-20%. HE Electric 27b, 27/271% Macao Electrics 11 hám.

(Now) 10%.

Bonus Sh.) 10. Bandakan Lights Bin. Telephonics (Old) 11b, 124, 11,00

(New) 10,

Shanghai Gas 120.

Industriala

Cald. Maez, (Ord) 221%. Canton Jees an

Comenta 35. 13.

1K opes 13h.

Dairy Farmvir

Stores, Etc.

jol 185, 14, 13%/%,

(New) 114, 11.30%---

Watsons 24.

I.. Crawfordi 246.p

Sincere 30.

China Enbarium Blýn,

SR Co., Ltd, "1.70m. IN THIS BAR Hunt Hut, Wing On (HK) 0.

'm, Pustell,

Miscellaneous Chinn Entertalurin 1814 D. HK Contructions (010) £24.

(New) 1.300. Vibro Piling 10.

Murman Inveelmenta 9/-n,

· Mikrotuhis" (RIC)-751. Shanghal Loan

TD

Shanghai Explor, zub. Ynngikken 28an,

Ewon 3

Cottons

Rubber, etc. Companies Alma Extates 1EN. Anglo-Dutch .30.

Anglo-Invas 20h.

Batu Abama lüb. Bute loniations C5b. Chemor United 30%. Cheat Hubburk 11. Consolidated Ilubbern 1,005. Dominin Rubbers 60. Sarn-Curanilitateda 05m. Kota Rahro „ob. Kroework Javas iüb, Lánakate 306. Padang Rubber. lib. Ripah Hubbert),171ón. Rubber Trusts 220b. Samingora Rubbers „stra. Bemambu Rubbers .40. Bhanghal Kadishe üb. Binghai-Malay 101. Shanthal Tabang Ch. Shanghai Sumales 1.10 Sun Mangla ton. Bungel Dutie 21 Tankh Meraha 109h, „06an, Tebang Rulber,201, 20. Zlaerbe Rubén 88b.

BUSINESS DONE · (Direct business)

JK Bank 1 $1,405, Canton ins, 100° at $260,

Union Ina, 4 nt 1680.

PERSIA TO BUILD UP COUNTRY'S ECONOMY

Toharan, October. 10.....

Premier Razmara announced in the Majlis (Parlia

mont) today that the United States has agreed to lend US$25,000,000 to build up Iran's economy.

At the same time the Premier told Deputies that negotiations are progressing very successfully for a US$20,000,000 barter trade deal with Russia.

Razmara's announcement was

the first official word of the Export-Import

Bank Joan, which will be used chiefly for agricultural and road-building equipment.

It gives the U.S. the lead in the propaganda war which has been growing here.

"The Amerleau lons will give very important effective kelp to Implement the seven-year plan Con- our economic a. polster difilon," Razmera told cheering

A

Ther

was expected to be some disappointment expressed on what the Persians regard as the smal! amount of the loan, Razmara told the Mallis, however, he expected second Export-Import Bank loan of US$20,000,000 in a short time,

part of which would be usert to improve électricity and the communications systeme

Commenting on the Raztuara ennouncement, Ambassador Henry

Burma's oil

companies inquiry

Hangoon, October 10. A government-sponsored committee of inquiry today described oil companies here as more than foreign enterprises.

In a report on the conditions governing the country's oil indus- try it asserted that the companies amounted to "a foreign power operating within purnin" whose relations with the Burmese goy

lead to inter- may casily lea crament national complications.

The committee, formed late in

New York Stock Exchange

New York, October 10.

motors Selling presstire on weakened the rest of the stock market and brought dechnec ranging to. $1 and $2 a shore The pattern of the market was apparent shortly after the start, when Chrysler suddenly gave ran losses way and than

$2. The other followed.

of more motora

Transfers were 1,070,000.

វាព Twa-hundred

sixty-eight issues advanced and 050 de- clined..

were

the slumblers Among Popsi Cola, Northern Pacific, Baltimore and Ohio.

Gainers included Chlengo Mil- waukee, St. Paul,

Dow Jones averages: Stocks included the Minister of 82.32; 20 Industriais 227.00; 15

Grady told journalists. This / Commerce. Kyaw Myint, and the Rails 08.54; 10 Utnities 40.40,

the beginning of genuine Amer- jean economic assistance, Iran is looking to us for further credits to develop basic facilities essential to the economic progress of the country."

Prestige bolstered

The American loan le ek. pected to

American bolster prestige, which has been slip- ping in recent months over the long delay in extending aid. The Amerlenn move is expected to speed up Iranian-Soviet tradit talks which have been dragging on since August despite Razmara's comment that they are

proceed ing successfully.

An informed source reported thal Itazniara is baulking at the Soviet demand that Russia be permitted to send numerous trade gents throughout the country

move which the Persians see asi a wedge to spread Communist propagandil.

The Iranians want barter trade dealing channelled through four or five Persian agencies dealing with einlar Russian agencies.

American diplomats here regard the first lean as a good start but still inadequate to rebuild Iran' shaky economy to a point where -can-rosist Communist.pressure..

Additional sum

An additional US$500,000 1 expected to be granted to Iran this week under the Point Four programme. Razmara told the International Majlis that the

Bank

10 expected to -lend US$8,000,000 within a month' to develop the Persian Gulf port

said

Minister for Agriculture, Khin Maung Gale,

The

Closing quotations: rommittee's report, relcased | today by the Burmese govern- Adams Express ment, suggested that this matter, Alaska Juneau

one of international concern," before the United placed Nations.

170

It recommended that the UN be Invited to assist Burma to formu- late a policy for developing hor oil resources in the national in- terest

American Con

"

Smelting Telephone Tobacco Waterworks Anaconda Copper Aviation Corp... Baldwin Locomotive Bendix Aviation

The committee' suggested that as an alternative the government should engage an Independerit ex- Bethlehem Steel

Boeing Aircraft pert to advise on future ell opera-Bochum Ch Lions

Three British-owned, all com- Canadian Pacific pantes are authorised by the Case J. I. Burmese government to extract, Chrysler refine and sell oil and allied pro- Colgate ducts here. These are the Burmeh Commercial Solvent Oil Company, the British Burmah Corn Products

the Du Pont und Company Petrolcunt Indo-Burma Petroleum Company. Eastman Kodak At present they operate a General Electric

Jointly. Central Burma oilfields

Since January, 1950; the com- Goodrich parlos have restricted their opera- Goodyear flons and carried out a large Homestake Mining rente retrenchment, claiming that International Harvester

Paper tilsturbed conditions in the hin

Tel & Tel terland have made normal work impossible-Associated Press.

Motors

AMERICAN PRESIDENT LINES

The Global bleet

St. George's Bldg:

Tel. 20172/5.

TO HONOLULU & SAN FRANCISCO

Prez. Cleveland

Gen. Gordon

Pres. Wiedn

via JAPAN

Arrbet. 14 Balle

Arn Oct. 58

Oct.

Sails..

Oct 19.

Nov.

Art. NOW 3 Baits

TO SAN FRANCISCO & LOS ANGELES

Pros. McKinley

Prop. Taft ....

via JAPAN

Arn Nov. 4 Balls Arr. Nov..

Nov. Bulls Nov./ ́ ̈01/

TO NEW YORK, BALTIMORE & BOSTON

via PACIFIC COAST, & PANAMA ANT

Prez. Tyler Pres. Grant

VIA

Art

Oct. 27 Balle Oột. 28 Nov. 15 Nov. 15. Bella Art

SUND THE WORLD

MANILA, SINGAPORE, COLOMBO, OOOHIN, BOMBAY, KARACHI, SUEZ, PORT SAID, ALEXANDRIA,

YORK MARSEILLES, GENOA, NEW

NAPLES,

BOSTON

Prai. Polk Willamette Victory

Art. Oct. Arr.. Oct.

18 Balls Oct. 30

Oct. Baile

18 3

BEND LINE

"BENLOMOND"

FAB

ARRIVALS

FROM

DUK

U.K. via Bingapore on or abt. 22nd O

H

2nd N

14th Ni

14th b

10th J

17th J

23rd J

29th J

23

-2

102%

63 1504

07

CHIN "BENVORLICH"

0%

"BENMACDHUI"

30

"BENÅLDER"

8%

"BENAVON"

183

"BENVENUE"

48

"BENLAWERS"

424

"BENMHOR"

35%

"BENATTOW"

50%

"BENLOYAL"

19

"DENCRUACHAN"

51%

00%

SAILINGS

45

105

Loading on or si

07

81%

48%

4814

#BENVORLICH" "BENALDER”- "BENVENUE”

1426th.

17th

17th

London, Antwerp,

5274

"BENWYVIB"

27th

Rotterdam, & Hamburg

115

**DENMHOR"

14th

504

,"BENATTOW"

21st

38%

28th

31

G

445

135

"BENMACOHUI”

444

"BENAVON"

0434

"BENLAWERB"

Liverpool, Gliigaw, Dublin, Antwerp Rotterdam.

5th D

6th

6th

-04-

"BENCRUACHAN"

--ard-E

25/

51

1072

4

Pan American Airways

.9%

Pennsylvania RR

1954

Radio Corp.

18

Remington Rand Republic Steel

13%

40%

the

Roynolds. Tobacco

3514

320

York Buliding.

5244

5236

23%

00%

22%

P

On of Callt.

7534

J

Oil of N. J.

854

Studebaker

345%

Union Bag

40%

Rubber Steel

49 14

8014

10%

$2

10344 17%

1

Johns Manville Kennecott Copper Montgomery Ward XLALA National Distillers

Lead

Rubber strong in London, Singapore

London, October 10,

strong on

New York Central Packard Motors

of Khorramshahr: US$18,800,000 Rubber was Razmara will be used to develop agricut-market today in both London Schenley Lure-US56,000.00) for roads and and Singapore. Prices were only Sears Roebuck US$200,004 will be used for a slightly below the peaks touched Shell Oil

before the North Korean collapse. Socony Vacuum of electricity needs. survey

be Amerlenn machinery to

Kong, which paced in and Standard Brands purchased under the loan is not Home The other hand, gold in Southern Pacific expected to reach Iran before rubber in the early stages of the Korea boom, turned weak today next spring.

One of the obstacles remaining at hot greatly above its pre- to be settled is Tritish approval Korea" price.

Chinese operators in Kong of Iran's demand that Sterling

seu Oll royalties be converted into Kong were reported to be dollars to repay the American ing

loan., The British have so for gold and dollars and buying?

refused to make a long-tern com- mitment-Associated. Press.

Money Market

sterling Buying and forward

Carbide.....

"Lines covering Westinghouse

o! Sterling by people in many Youngstown Sheet & Tube parts of the world, including the Gen. Pub. Untles United States and the Continent, have brought much money into Rail bonds drifted London recently particularly in Among curb the past lew days despite the Kalser: Frazer,

*Accepte Oirge for Genoa, fAccepts Cargo for Havre,.to. Via Singapore, Colombo, Port Budin; Aden, d. Buex.

For Further Particulars, Apply To-m W. R. LOXLEY & CO. (CHINA)

Agents

Telephone: 34161

Russia accepts U.S.

for peace conditionally

plan patrol

(Continued, from page 7)

This last section, a

according to Mr. Spender, is the only part of the measure Australia cannot Raytheon, Cities support fully.

stumblers

lower. were

EVER live

denials of any re

Servloe, Creole Petroleum-As-

North Point Wharves 2,000 at $5.00. HIC80.32 and closed at $0.321,

.1.000 as $8,80.

LTD.

IK & 'Shonichal Hotel

200

at $8.30.

Fructulpendijus. 17.

THE EAST ASIATIC CO., LTD.

M.S. "KAMBODIA”

LOADING 13th/14th OCTOBER

ADEN, FORT SAID, GENOA, ANTWERP, ROTTERDAM HAMBURG, OSLO, GOTILENBURG & COPENHAGEN

THE EAST ASIATIC CO LTD.

Ik Tram 1,000 nt $14, 9800 at $14.

10.10.

,י .

of Sterling influx has rols

rates, and has

raised

Various

grantly Brli third

went, jog

China Light (0) 1,090 at 4914, 500 Highest and, lowest { rater wory) Govern, 24ing strongly yesterday,

soclated Press. -

China gets shipment

IH, Electric 300 at 82%, 480 at $27, Sterling went up a further two The strength of rubber today from Poland

ents to HK$15.00. 800 At $2734. Telephone 000 at 111.00, 200 at $11.00.Australidh Cement 000 uit Ma

36-

Pulty 'Fürth (0) 600 at $18%. #700/ Conte-top cropped Avocent heavy forward: sdies have

Watmos 100 - RUSTS-

changes in our proçedures der the Charter will rende -United Nations · more, afte

In its work for peace,

tho Boviet U bogausé

21 whoss delegates have laid stress in their declare upon the Importanos of a mont-kmong "the great po providing the world's o est hope of peace," has". |

Mentor and ropaa)

lopath

izo" its partners [is] Security Cquhalf the co-op

that was needed /I7 Opuncil was to take prompt

again

difactive nation. The vet ARTEPITSPIL

ntatives Po

Mr. Spender said: "In enrrying US dollars opened yesterday af

out this task Temelontly and effectively, the committee would Diese being the lowest and highest

have to find but what resources rates.

strengthened the

the prices of

the mombar nations have and af and opened at HK$0.37 and tish Government securities

what resources of military of such things as diamond shores

economic character they were Chinia Light (014) 1,000 t #12, 1.20 closed at $0.371.

possessed. Surely we have had monet Mt 313, 1,500 at 315.10, 1,000 Industrial gold opened at HKS into which the

282:50 a toel and closed at $282.75.

Attan

enough experience in the past in securition turned

out attempts to achieve Vilimita $201-

tlon of armaments to show that, slightly reactionary today. $283.75 and

while some nations might be pre- 'where re- lay mainly

Information, pared to provide this

are others which will not the Soviet there reduced the supply that c

The committee is,urity Council'fas” bèén" can bo San Francisco, October 10, do 1o,

not as an instrument to pro Plasires were.

were unchanged at offered for early delivery:

Goods which China does not fore, likely to find itsel HIC$18 a

a pag

This shortordmade business nominal

of peace, but ha anwe anco sumcient Information For it may Ticals opened at, HK$27.10 n quiet and difficult today have or has very little were thted because it canhot secure the establishments, and met

harda "of

to be used against particula ponsible 100, und cloweri at #27, she

day from a Follth steamer, the play NEI Guilders, took another big

aggressors. spurt and clored at HK$3.85:11

8s. Warta.

report Is to be made to the own polloy of imperialistio

General parsion and world dominat! 100 after opeoljig at $3.45,

The goods comprised the first Security Council and the dearly United Parts, shipment of industrial: materials some of the nations of lie world ta arranged under the Sino-Polish Information which could boot HENDERSON DU and Sino-Czechbalovek trade vital value to a potential, degross

......IN AUSTRIA. pr Any nation contemplating agreements,

Aggression is hardly likely, London, Octobe Peking" Radio," reporting this should think, to rive information Lord Honderlan today. cald Dhat saveral thousand alther than Thiblending informa secretary of State #fór - 2 tons of good wore modestion, even if it were prepared to Affairs, will by to Vibina from the out.. Then included. cultural machinery sad..... some, raw material for Industry, rk and Anished goods from Poland, tho Are tomobiles and

Star Ferric 100 mt '$75 16. Dairy Farms, (New) 1,000 at $11.00, Bátingales 1,09 at Gen Tanah Meraha, 1,000 at 85 cents. Tekonge-3,000 si 10 contu

NOTICE TO CONSIGNEES M/V "MEMNON": Damaged cargo ex this ves sel will be surveyed at Holt's Wharf between 10 am and non on October 19 and 14, 1050, and consignees are re

U.S. IMPORTS FROM RED CHINA Washington October 10. Tha United States." imported. $12:200,000 in goods from Com munist-controlled China in July while sending: $3,000,000 i to Khut country,000 in good

Cónsus Bureau's monthly

{quested "toʻhays these rabteson-poort on Eureign' trade also show.

tatives prosent during the survoy.re

the Chinese ment;;shippe "goods-to the

only *** 100,00

priones ltd: to rise to the Eastern landed in Tientsin the other i am into the 19 Badges Elons In the courah of the so

level-Reuter

CUT IN SOCIAL: SERVICES URGED

to%20t

London, Octóbár: 10. The Association of British Chambers of Commerce today urged the Government. -Britoin's #1,090,0 cofal orices to prevent; inda tion and thus better ght the

em Thaibmnt rain of social ser

cold:workER

was infamable

ott told machinery

Czech

give any!

row morning from

Blame on Russio

will remain in

fall

fal until

One sto