1950-10-13 — Page 10

"THE CHINA MAIL, FRIDAY, -OCTOBER 13, 1950,

R.I.L.

ROYAL

INTEROCEAN LINES

● SINGAPORE, JAVA

PORTS and

MACASSAR

"TJIDODAS"

"TASMAN"

"TJITJALENGKA”

MANILA, EAST & 'SOUTH AFRICA & SOUTH AMERICA

TJIBADAK" *

"TJISADANE"

"TEGELBERG”

ARRIVALS SAILINGS

17th Oct.

25th Oct.

13th Oct. 20th Oct.

ARRIVALS

22nd Oct. 30th Oct.

SAILINGS

20th Oct.

18th Nov.

"noi calling Manila and South America, calling

Koh-i-chang

JAPAN

"TJISADAK"

"TJIBODAS"

"TJIBADANE"

"TEGELDERG"

ARRIVALS SAILINGS

13th Oct.

19th Oct.

10th Nov.

24th Oct.

16th Nov.

1st Nov.

Agents: HOLLAND--EAST ASIA LINE

EUROPE via MANILA

and MALAYA

"RYNKERK"

"LANGLEEBCOT"

"MARIEKERK"

Through BI/L Issued

Maditerranean and Northern

European ports.

D JAPAN

"RYNKERK"

"LANGLEESCOT"

"MARIEKERK"

ARRIVALS

SAILINGS

19th Oct.

19th Nov.

9th Nov.

9th Doc. early Jan.

early Dec.

7th Nov.

22nd Oct.

7th Dec. carly Jan.

22nd Nov

early Dec.

DE KING'S BUILDING, TELEPHONES) – 2001SKATO #2861-20 2

serp.

ISTHMIAN LINE

(Isthmian Steamship Company, New York)

DIRECT MONTHLY SAILINGS TO NEW YORK

VIA LOS ANGELES AND PANAMA

*STEEL SURVEYOR”

SAILINGS TO SAIGON, BANGKOK & DJAKARTA (BATAVIA)

"STEEL SEAFARER"

ARRIVALS FROM U.S.A.

"STEEL SEAFARER”

FINANCE AND

COMMERCE

MINERAL WEALTH IN KOREA IMMENSE, U.S. EXPERTS DECLARE

New York Stock Exchange

New York, October 11..

A general recovery in 2 stuck market today snappe.

a two-day losing streak and put prices ahead by a few cents to more than $1 a shorC.

The turn-around was brought about by the railroads, which

made

Five

Washington, October 11. Immense mineral wealth awaits exploitation in Korea-both North and South-ance the tide of battle there has subsided, according to geographical exports here.

Checking up Korea's development possibilities in the light of the swift-changing battle scene, the experts have found that the whole penin- sula has valuable deposits of some 200 minerals and ores.

About fivo-sixths of the minoral production is in North Korea, which has most of the undor- ground wealth, but several of the most im portant matals are found in quantity only in the South.

churia.

Prominent

Hong Kong Stock Exchange

The markot was quiet and featureless yesterday and trading undertone why small, but the remained steady and the closing rates were inclined to be a shade higher than earlier. There were good inquiries for rubbers at all vancing rates in sympathy with the rise of the commodity in Singapore and New York.

HK Govt Loans

4. DMT.

1 Lom 1994 & 1018)-934. Loan (1948) 0555.

314

Danks

BK & Shanghal Bank 1,400)«,

Lon; ex £halim, Chartered Bank 29 10/16, Btereaute lank A. & D. 223. Bank of East Ann' 107.

Insurancea

20

Canton Ins, 2001.

Unton Ins. 6700.

pects, Results of the experts in major all-weather

announced secondary ones, and an additional substantial progress, and vestigations were virtually evory section of the here in a National Geographic 130 off-shore anchorages.

Around

11,000- the nation's market responded. Buyers were Society news bulletin. They mile constline, where warm an? bilding right up to the close, and put the peninsula's strategic cold currents meet, are found 75 there were only scattered set- mineral reserves us largest kinds of edible fish. The sen bucks here and there.

the Far East outside Man-outlets, therefore, are important the most active issues were rail-

to commercial fisheries, an in- rouds,

among South dustry in which Koren ranked Among the gainers were Chi-

Pat Korea's minerals are cobalt and third among the nations of the cago Milwaukee, Baltimore and Ohlo, Sunray Oil, manganese, tungsten, and molyb-world In 1839.

In- steel hardening

Korca's best farming lands and Maracaibo Oil, and Pressed Steel denum, a

most of the rice-growing areps gredient, Car.

Six-hundred and forty-six But in general, Korean resources ate in the South. A decade ago, their Korea was the world's fourth more important for stocks advanced and 245 declined. are There were 72 new highs and variety than quantity. Coal, iron, largest rice producer-Itcuter." only

Transfers gold, nickel, zine, magnęsite, gra-

phile, lead, titanium, and phos Dow Jones averages: Stocks phate are only a few in a lang 02.05; 20 Industrials 218.97;

15 list

one new

low.

were 2,190,000 shares.

Saint

Rails 69.04: 10 Uulities 40.30.

Closing quotations:

Adams Express Akka Juneau American Can

Smelling Telephone Tebucco Waterworks

Anaconda Copper Aviation Corp.

Before the last war Korea pro- duced about one-thirl of the 23; world's graphile, important in electrical industry. The 2 the 1024 deposits of barito, with man

639% Industrial applications, are among 150 the best in the world.

354

8

27th Oct.

Baldwin Locomotive Bendix Avintion Bethlehem Steel

137% 48

431

Boelig Aircraft

36

Borden Co.

50A%

Canadian Pacific

1016

25th Oct.

Case, J. 1.

5214

Chrysler

82

Colgate

441%

Commercial Solvent

19

Corn Products

24th Oct.

Du Pont

82

Eastman Kodak

46

General Electric

4834

52

112

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

Sailed salled

GILMAN & CO., LTD.

Tel: 31140

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

SWEDISH EAST ASIA Co. LTD.

ARRIVALS FROM EUROPE

Goodrich

Goodyear,

Motors

Homestake Mining

International Harvester

Johns Manville Kennecott Copper Montgomery Ward. National Distillers

"

Loud

New York Central

Packard Molors

Pan American Airways

China Underwriters 3.000.

Ke Inn, 140.

⚫ Shipping

Douglas-145x3

JIK & Macao Steamboats 1in. Into China (Prof.) Izn. (Dvf.)

Bhell (Beurer) G2/4.

Union Waterbonis 185. Axis Nav. 87.

Docks, Wharves, Godowns, Etc.

K&Klement Whatvei $424.

North Point Wharves 6. Men, S.Comm

4.

Shanghai Hongkew Wharva

HH Docks 10.

China Provident 126. Shabani Dockyarda in. Wheelneks 256, 2014.

Mining

Hauks Mines

IK Mines 2016.

Opinion on in salon revaluation

rumours

London, October 11.

The value of gold production

High British quarters are has been a high as $50,000,000 certain that a fall in the valu Coal reserves are wel of the dollar instead of a ris a year. over 1,500,000,000 tone, Iron ore has been estimated at mort than 1,000,000,000 tone, though High icon only part of It has a content.

The possibilities of this "poo little rich land" are often over- looked becuure of its strite-rid- den history. But before the out. the present fighting 6716 break of

Korea's industry was believed i 8275

be larger than that of either Mexico or Turkey.

The peninsula's hydro-electric potential has been estimated survey ut 5,000,000 kilowatts, 60% 30% which would exceed the 193

electrical output of either Italy 32

or France.

have to b

in sterling will used to correct the disparit; between the two currencies."

These high quarters are con- vinced that sterling is too cheap and dollar too dear. They be lieve that last year's pressure for a fall in sterling and other cur- rencies against the dollar ins

latter, boomeranged on the

Some of the rumours about rise in sterling have been linked with the present visit to Washing- ton of Mr. Hugh Gaitskell, Bri- al's Acting Chancellor of the Exchequer.

But Just before he left Britain Mr. Gaitskell said that though Britain's gold and dollar reserves Ports, as well as mineral riches, had doubled in the past year, she

make Koretti desirable

10 needed reserves up to five times The peninsula has

as large again.

The Governor of the Bank of England, Mr. Cameron Cobbold, 85% akreed with him.

35%

The amassing of such reserves 354 would take years. eyen if thei 46 present In-pouring of dollars con- 50% tinued

Paper... Tel & Tel

45% 1419 433, also

BB

prize.

05

2512

51%

Oil of N. J.

17% Studebaker

4

Union Bag

94

Carbide

Pennsylvania RR

Indio Corp.

10% +

Stoct

40

Remington Rand

149

31

Lines

16%

Republie Steel

41

Westinghouse

33%

Reynolds Tobacco

80

.13th Nov.

Schenley

32

British Government quarters bellave that reserves of $7,000 million to $10,000 million-com- pared with the present $2.758 million are needed before "Br-

Sears Roebuck

523%

SAILINGS TO EUROPE

Shell Oil

m.v. "TONGHAI" m.v. "BALI”

31st Oct. .29th Nov.

m.v. "BALI”

FOR

ADEN, PORT SAID, GENOA, MARSEILLES, CASABLANCA,

ANTWERP, BOTTERDAM, BREMEN, HAMBURG,

COPENHAGEN, OSLO & GOTHENBURG

Deoplanks avallablo for Isulkefl

GILMAN & CO.

Tel. 31146

BRITISH

LTD.

INDIA

STEAM NAVIGATION CO., LTD.

S.S. "ISMAILA

LOADING ́ ́23rd OCTOBER

FOR

STRAITS

PONDICHERRY

BOMBAY

MADRAS

COLOMBO

· KARACHI..

PERSIAN GULF PORTS

For rates and full-particulars

PERLY to

MACKINNON MACKENZIE & CO.

P1410. Bu!

Socony Vacuum Southern Racille Standard Brands

20% US Rubber

63

Youngstown Shoot & Tube .101

Gen. Pub. Utilities. 17%

Bonds were mixed. Among tain can thoke any move towards Curb gainers were Raytheon convertibility of sterling or the 23% Aluminum of America, Cities relaxation of discriminations 00% Service, Creole Petroleum, and against dollar goods--Reuter. 22% Electric Bond and Share-Asso

Oil of Calir.

75% ciated Press.

FLY TO LYDDA

→TEL AUTO!

ROME EUROPE

BY

DC-G

PHILIPPINE AIRLINES

More Danish

bacon, eggs to Britain

London, October 11. Denmark stepped up her ex- purts of bucon, poultry and dairy produce to Great Britpin in the first eight manths' d 1950 as compared with 140.

Board of Trade figures show that up to August 31. Britis Himports of Danish bacon ward

worth

423,018,288, against £0.016.738 in the first eight

monthe of 1049.jp ports clinibed. 1949 (01720)

hun dredweight in 1949 to hundredweight In 1050.

with bacon

con of her mainotus, became the second valler af meelset all kinds to. Britain, with shipment: worth £27,358,181 this

year against £11,061,708

First eight-nioniharth in the:

Britain's total. mest importa were worth £142,438,950 so far 1050, with Argentina heading the suppllers' list: wlib: 233,472,-

86 worth-Associated Press.

Money Market

US dollars opened yesterday at HK$0.34% = and dropped to

"at" the close.

after

at

opened, ut HK$0.38% and going up to $0.

$0.40%

closed

opened atacland closed at

HIC guest, and lowRSI

$280

were $480.60 and $284.50,

Starting went up le and Australian pounds to ||105818 #:100%

RUNET Quilders opt

8.20m 109 and

1

'Lande, Hotels and Buildings 1K Bhang Holeis #435, 1.604,

8.40/1.

HK Lands 44.

Shanghai Lanila 176h.

Flamphreys in.

HK Real 2.1

Chinese Estates 150a.

Public Utilities

IIK Tramways 16.89b, 14.20, 1in.

Peak Trams (Old) 19.

+(New) B

Star Ferries 7b, 781gan,

C. Lighla (O) 13.306, 192, 13.40un.

(New) Db, Þ3⁄4in, Dum HX Electric 27, 28, 27 lýsa, Macho Eletries 11.

(New) 10% n.

(Bonus Mh. 1014. Sandakan Lights sin. Telephones (Oh) 11b, 12, 114.

(New) 104n. Shanghai Gas 11⁄2h.

Industrial

Cali, Muen. (OM-) 228. Canton term 3.

Cements 13.40b, 14, 18.

H Rouen 1th, 1315.

8tores, Etc,

Dairy Farms (010) [8245, 1, 13% sa.

(New) 1180

Walions 264.

Crawford 246, 24pm.

Sincerea ne

11.9Dau.

China Emporium 85. Han Co., Ltd; 1.300. Kwong Bang Hung' Bib. Wink On (RK). 445. ·· Wm. Powell, ·Lad. · 8p.

Miscellaneous

Chiun Entertalaments - 13!55, 1K Construction (Did).

(New) 1.3Gh

Vibro Pilings 1, 11. Maraman Investments 9/-n. Marmari (K) :78a. Bhishalan 7th. Shanghai Explor, .20. Yanglazes n.

Cottons

Ewe 34, 3.30am.

Hubber, eta, Companies Alma" Extatesi lini Anglo-Datch 30b

Anglo-Java 20h.

Hatu Anams 17946, 2000.

Bute Plantatione Güb, sa, Chemor United alb, 40kn. Cheng Rubber

22n. Uansalidated Rabbers 1, Dorainlon Rabbers 69b. Java-Consolidateds .05. Kola Habroe .05b. Kroewock Javan 35b. Langkale 30. Padang Rubbera 15h. Repah Bubbers' „1749. Rubber, Truite 2.305. Bamaraga Rubbers",70s. Bemambú Rubbėra“ „15b. Shanghai. Kreaks' (b. Shanghai-Matars 10h. Shanghai Pahang 05b. Shanghai Sumatra 1.10. Bas Manggis 10. Bungel Durla 246. Tunah Meraha 205, 7000 Tebone Rubbers 200, 402, Zinnube Robbers 85b.

BUSINESS. DONE Direct business)

JI Bank : "$1,468.

Wheelock 100 at $284, 500 mt.$2516. North Tulit When 5,000 at 15.03,

*1,000 at $5,30,200 at 15:00.

HK & Shanghalalel 2,000 at $0.00,

800 at 8.40, 3,500 me.' #01S. HK Tram 3,200 $14,200 at $14, 200

at 10, 590 at $14, - -Chiqa”Light” (Old) 500 at $15,40, $2,500 qt418,401,000 818.40, 228 / NĚ $13.80 950 a $18.00, kop at $15.40. China Light (Now) 41,000 'ht3 291⁄2, 165 at:2013;375 °K9%47 499 at $9,500

K Eletric 34 át. #27.120 mb #2%§. 1+ 3,500 (að. #2756, -205-42.9x745) · B9 - m1- Telephone (914) "000 at 61134. 1,000 Cement 400 al 31915, *1,000 1 $18%. 200 t $13.00 ptg 500 k

Dairy Farm (0) 1,200 at 11534, 1.200

Lane, Crawford! W100 ml $34NW! 'Dalty: Fari"(New) '2,000 #1011,90. Tanah Merah, xịtop. »? 28:"cental) Btar Ferrin 100`a2·87815 “Batu" Adappa '2,900° „ek:29. Jčes jm. "Bute Plant: 500°at "tojongleyfi, Chemur United 3,000 at 40 cents.

South

The Global Fleei

S.S. PRESIDENT CLEVELAND

will sail for

HONOLULU and SAN FRANCISCO-

via Kobe and Yokohama

on Sunday, Octobor 15th,

•

at MIDNIGHT.

Passengers are requested to board the vessel on October 15, between 8.00 P.M. and 10.00 PM.

Sunday,

Baggage-room and Hold baggage will be roćeived in Godown No. 50 of the Hongkong & Kowloon Wharf. & Godown Co., Ltd., entrance through Gate No. 2, Canton Road Kowloon, on Friday, October 13, from 8.00 A.M. to noon an

from 2.00 P.M. to 5.00 P.M.

St. George's Bldg,

I

Tel. 28172/5

BENDLINE

SHIP "BENVORLICH" "BENMACDHUP"

"BENALDER" "BENAVON" "BENVENUE"

"BENLAWERS” "BENMHOR” "BENATTOW" "BENLOYAL" "BENCRUACHAN”

"BENVORLICH" "DENALDER"!

"BENVENUE" +"BENWYVIS"

*“BENMHOR"

"BENATTOW" "BENLOMOND"

"BENMACDHUI” "BENAVON" "BENLAWERS": "BENCRUACHAN"

JAUM 101

BUY BUL

ARRIVALS

DUE .FROM U.K. via Bingapore on or abt. 22nd Oc

14th No

det Da

H

**2nd Nov

Π

14th De

17th Ja

23rd Ja

2014 J

SAILINGS

Loading on or'att

, 25th Oc

17th Ho

17th D

Lood.on, Antwerp, Rotterdam, Hamburg

27th D

14th J

21st - Ja

26th Ja

A

Liverpool, Qubili, Rotterdam.

Girogow, Antwerp

8th No

6th De

6th Jan

3rd Fab

*Accepts Cargo for Genoa, --fAccepts -Cargo-for-HaurO..

Via Singaporp, Colombo, «Port Sudan, Aden, A Beez

For Further Particulars, Apply To-

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

York Building.

Agents

Telophone: 8418K.

THE EAST ASIATIC CO., LTD.

M.S. “KAMBODIA”.

NOW LOADING

ADEN, PORT SAID, GENOA, ANTWERP, ROTTERDAM,

HAMBURG, OSLO,

COPENHAGEN

THE EAST ASIATIC CO., Queen's Bldg

Tel. 24111

“WEEKLY CHINA MAIL

CONTAINING ALL THE LOCAL NEWS OF THE WEEK FROM THE HINA MAIL" & "SUNDAY HERALD

Price 50 Cents

E EVERY THUR

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