1950-10-16 — Page 9

Page

THE CHINA MAIL, MONDAY, OCTOBER 16, Ï050.

BUTTERFIELD & SWIRE

CHINA NAVIGATION CO., LTD.

SBENGKING"

YOCHOW"

PROSPER"

JUNAN"

SHENGKING" PAKHOP"

SHANSI"

ANKING"

SINKIANG"

SHENGKING"

JUNAN”

PAKHOP'

SAILINGS TO Keuung .Tientsin

Singapore, Djukurto, Cheribon, Sama- rang, Sourabaya & Macassar..... Tsingtao? & Tien-

tain (lun

Yokohama, Nagoya,

Osaka. & Kobe Bangkok .. Singapore & Penang

• Salls from

ARRIVALS FROM

Indonesia

.Keelung

Tientsin & Thingtoo Bangkok

WEIYANG" ....Bangkok & Salgon.

5 p.m. 17th Det." p.n. 17th Oct,"

3 p.m. 18th Oct.

p.m. 20th Oct.* p.m. 23rd Oct."

3 p.m. 22nd Oct.

p.m. 24th Ort.

3 p.m. 30th Oct. Custodian Whart.'

5 p.m. 16th Oct. 5 p.m. 15th Oct. 15th/16th Oct. 10th Oct. 19th/20th Oct.

AUSTRALIAN ORIENTAL LINE LTD./CHINA

NAVIGATION CO., LTD. JOINT SERVICE.

CHANGSHA”

HANGTE" .....Japan

"HANGSHA"

TANGTE"

SAILINGS TO

Sydney, Adelaide &

Melbourne

23rd Oct. 10th Nov.

ARRIVALS FROM Kobe

..Australia & Manila

17th Oct. 6th Nov.

BLUE FUNNEL LINE

Scheduled Sailings to Europe via Port Said

ASTYANAX” Tangier, Casablanca, Dublin &

Liverpool

CALCHIAS" London, Holland & Hamburg, ANCHISES" ..Liverpool & Glasgow

via

PELEUS"

Manila Genon. Marseilles, Liverpool & Glasgow

25th Oct. 27th Oct.

7th Nov.

8th Nov.

Scheduled Sailings from Europe.

Sails Liverpool. Salls Rotterdam Arrives H.K.

"PELEUS"

-“AGAPENOR"

MANCHISES"

WAENEAS” ...

13 Sept.

21 Sept.

17 Sept,

17th Oct. 20 Oct.

2 Nov. B Nov,

17 Oct.

15 Nov.

25 Nov.

2 Dec.

9 Dec.

28 Sept. 4 Oct. "PATROCLUS" 13 Oct. "AUTOMEDON" 21 Oct. "ULYSSES" ..28 Oct. "CYCLOPS"

4 Nov.

G. Loading Glasgow before Liverpool.

S. Loading Swansea before Liverpool.

DE LA RAMA LINES

ARRIVING VIA

ARILA from U.S. ATLANTIC & PACIFIC COAST PORTS JONA ANICEIA”

19th Oct.

Carriers option to proceed vin other parts-te load & discharge carge.

All the above subject to alteration without ustice. er Passage and Freight particulars please apply to

1. CONNAUGHT ROAD CENTRAL Tel 30331/8 Private Exchange.

BRANCH OFFICE 50 Connaught Rd West. 25875, 32144, 24878.

AMERICAN PIONEER LINE

to and from

Atlantic Coast Ports of the United States and Far Eastern Ports NEW FAST CARGO SHIPS.

AKRIVALS FROM ATLANTICĂ,

"TIONEER TIDE?".

#PIONEER DALE”

PIONEER WAVE”

.Nov. 4 Nov. 10. .Dec. 17

KEEMILARLYPAS SAILING TO MANILA

.Dec. 18

"PIONEER TIDE" via San Francisco .Nov. 5 "PIONEER WAVE" via Yokoli ame Kobe, &

- Tokubar

BAILINGS TO NEW YORK, BOSTON, BALTIMORE, FINLADELPHIA via JAPAN & PANAMA CANAL

"PIONEER SEA” "PIONEER MAIL/ "PIONEER DALE” "PIONEER TIDE":

„Art. Oct. 27 Salls Oct. 29 5.Arm Oct. 29 Sails Oct. 31 ......Arr, Nov. 10 Sails Nov. 12 ..Arr." Nov. 15 Salls Nov. 17. For rutes, special information call - ⠀⠀

UNITED STATES LIN ES

COMPANY

Tel. 28198.

FINANCE AND

COMMERCE

Japanese cutting in New York P&O B.I. E&A

on

on Haiphong cement

Haiphong, Octobor 14,

SOVIET-PERSIAN Japanese competitors are squeezing the Fronch

TALKS HITCH

Teheran, October 14. Soviet-Persian, trade falks here have met with an unex- pected hitch after two months of negotiation.

of a

The signature

big trade pact between the two countries was lust

Week

reported to be imminent. Now the talks have been temporarily interrupte! following Persia's insistence thr Sovlet trade must be carried on exclusively five Persian Govern- ment companies.

This would prevent direct con- tact between Soviet traders and the Persian consumer.

Before the talks were

inter- rupted, Pren-ler Razmara had reluctantly agreed to a Soviet suggestion to appoint a point commission to discuss the ques- tion of 11 tons of Persian gold and US$8,000,000 sull retained by Muscow's State Bank-Reuter,

GREEK KING'S. AUSTRIAN TRIP

Aliens, October 14.

King Paul of Greece, necom- panied by Queen Frederikka, left Athens tonight for Austria, where the Queen's father, the Duke of Brunswick, is ill

Premler Sophocles Venizelos has accordingly postponed his intended visit to New York unt the end of October. During the King's absence, a Council of Ministers will assume the re- gency-Reuter.

CHICAGO GRAINS

Chicago, October 14.

out of their export business in cement. The Haiphong "Portland" cement works-biggest - industrial plant in Indo-China-has not been hampered by insecurity like other French en- terprises scattered further inland in the guerilla-torn country."

But the plant is turning out less than 50 per cent of its capacity. Only 10 per cent of production is going abroad us compared to 50 per cent be fore the Pacific war.

rency restrictions and high shit- Company officials blamed cur-

plug and production conta for their inability to stay in the Far East cenient market with Japan.

Japanese manufacturers enter-

ed the market last August, om- clals here said. At the present time, they explained, the price of cement loaded on ships in Japan] la 25 per cent under, the price aboard ship in Halphong harbour. The Haiphong plant fills all of Indo-China's requirements for cement, but little new bullding is going on in the three Associat. ed States of Vietnam, Laos and Cambodia.

Small export shipments go to Hong Kong, Bingapore, British North Borneo and the French territories of Tahiti, New Cale- donia and Madagascar.

Outside of Japan, the Halphong works are the largest in Asia, but Japan's extensive cement industry

turning out several million tons! each year-dwarfs those of her neighbours

A plant at Bangkok. Slam, and опе In Indonesia at Padang, Sumatra, account for some cement production, Production on Cebu island in the Philippines has

CAR OUTPUT IN FRANCE

Paris, Oelaber 14. French car manufacturers are producing, at a record rate, yet they sull cannot promise Frenchmen delivery of popular priced model in loss than four or five months.

#

Makers of the three most sought after French cars have to tell prospective buyers "You will have to wall at least a year" or they say, "There's an indeflulte delay, we cannot tell you when you can. Het delivery."

Despite these, sad forceasts the display of late models at the 37th annual motor show in the Grand Palals is drawing huge crowds.

French production for the first six months this year was at the rate of about 240,000 (passenger cars a year. The output. of com- mercial vehicles was at the 'rate of 10,000 n year This represents an increase of about 33 per cenz over the pre-war year of 1933.

Production 15 expected to hold up without trouble for at least the next six months. By that time more definits plans may have beets formulated for the rear- mament programme and some of the ear-making capacity may have to be diverted to this need.

Pronounced weakness develop-climbed rapidly since the Pacific If this happens it might be many war. Formosa produces consider- į more years before the car makers able

cernent, and China has can catch up with the demand.- several small plants.

Associated Press.

ed in soybeans on the Board of rest of the Trade today. The market eased.

Wheat closed 1 to 2 % lower. December $2.20 %-%; March $2.25; May $2.25 2.

Corn was 14 to 1% lower, Oats were % to % lower. Rye was 2% to 23% lower.. Soybeans were four

to six cents lower-Assoclated Press.

MAERSK LINE NOTICE TO CONSIGNEES

The M/V "PETER MAERSK" || having arrived from New York. and Ports of call, Consignees of Cargo are hereby notified that their goods are being landed and placed at their risk and expenses into the Hong Kong & Kowloon Wharf & Godown Company's godowng at Kowloon, where delivery may be obtained as soon as the goods are landed.

will

Iainhong's cement industry. In a single private controlled by

Indo-China Arm, the

Portland Cement Co., Ltd., which started operation here 51 years ago. The company's old market extended throughout the Orient in the days of rapid Western expansion, Cement from Haiphong was used for many, big construction jobs including the Shanghai Post

Omce, Bangkok's central rallway station and palace throne hall and Singapore's Kallang Bridge.

In 1942 and 1943, American bombers destroyed about 60 per cent of the Haiphong works and halted production until 1945. Re- pairing of wartime damage is about three-fourths completed.

The plant today stretches for Haiphong's main harbour. It is a one mille along a small river near

self-sufficient unit, taking care of its own water supply and electri-

COTTON TEXTILE

MARKET

New York, October 14. Cotton textile buyers turned extremely cautious this week and activity in Worth Street was limited to small sales of such items as print cloths.

mean

am

·

Stock Exchange

New York, October 14,

Cor and television shares suf- fered a sharp setback today in the stock märkel under heavy selling.

The nel logs was around US$1 and US$2 a share in those two divisions. Elsewhere losses were a few cents to about a dollar a shore sympathy with the de- cline.

Volume of business was around -1,000,000 shares,

A factor influencing the decline was the Federal Reserve Board's announcement on Friday, after the market closed, of new and stronger restrictions on install- ment credit buying of consutiner goods, including cars and tele- Vision sets. The new regulations, effective on Monday, are strengthening of those first im- posed on September 18.

Lower

were General

A

Motors,

Chrysler, Addral, Philco, Emer-

Lon

Radio Corporation, U.S. Steel, U.S. Rubber, Westinghouse Electric, Kennecolt Copper and Standard Ojt of New Jersey.

Dow Jones Averages: Stocks 82.03; 20 Industrials 227.63; 15 Rails 60.36; 10 Utilities 40.52.

Closing Quotations: Adaras Express American Smelling

Telephone Tobacco Waterworks Anaconda Copper Aviation Corp,... Baldwin Lecomotive Bendix Aviation Bethlehem Steel Boeing Aircraft Borden Co. Canadian Pacific Case J. I. Chrysler

Colgate :.

General Electric Motors

13

Goodrich Goodycar Homestake Mining International Harvester

Paper Tel & Tel Sohns Manville Kennecolt Copper Montgomery Ward National Distillers

Lead

COMPANIES

PENINSULAR & ORIENTAL S.N. CO.

// PABÓENGER/FREIGHT SERVICE":

OUTWARDS

LA "CURFUS

A "CANTON"

. "CHUSAN”

LEAVES LONDON

Bad

TPth Gelober

Ich Kosumilm

DUN HONGKONG

Tied October

20th November

8th December

Via Southampton, Port Bald, Aden,. Bottley, Colombo, Penang á --

HOMEWARDS

"CORFU”

***. "CANTON"

8.1. “CHIUSAN”.

GE "CARTHAGE"

a. "CORU

** "CANTON"'

"CHUSAN”

Bingipor

'LEAVES HONGKONG

17th October

DON LONDON

7th November

23rd Maveniber

0th December **-

Eith December

-* 6th January

22nd January

2nd Dwormban

- teth January

18th February .. 14th February

19th February 10th March

24th March

• Disembarka provengers at Monihampton on kürd December, Accepting ergo for Bingapore, Penang, Colombo, Bombay, Adam" Port Bald à London.

OUTWARDS

"BURATI

HOMEWARDS

PHILLONIN

4. "BOUDAN"

FREIGHT. BERVICE

DUS BONGKONG stih October

10th November

FROM London & Continent.

LEAVES HONGKONO

2nd November

Ford November

FOR

London & Contigent

Accepting Cargo for Bingapore. Port Bweltenham, Penang, Colom- ba, Aden, Port Bald, Dinca, Marseilles, London, Hembang, Ané- werp á Rotterdam, With liberty to call at Bombay if Inducement

offers.

TANKS AVAILABLE. FOR GARRIAOR OF OIL IN DULE BFACE FOR NEPRIJERATED GARGO, LIMITED VABSENGER ACCOMMODATION,

BRITISH INDIA S.N. CO., LTD. /

*.3. "TAIREA”*

"ATLANTIC BEA“

due 18th Oct.

„from Dalenila, Rangoon

A traits. for Japan.

from Calcutta, Rangoon

Midran

*.Thate ships have Refrigerated Cargo ipsok. -

P. & O./B.I. JOINT SERVICE

In port

alle 16th Oct.

ad Nov.

from Japan. For

Btrails, Calembe, Bombay, Kara chi & Ferslag Golf, from Japan,

for Straits, Madras, Calomba, Borabay, Karai ehl 4 Polin Onh. from Japan.

for Straite,

Madras,

Colombo, Bombay, Kara chi 4 Persian Gulf,

EASTERN & AUSTRALIAN S.S. CO., LTD.

mails ard Nov. for

Rabaul.

Bydney.

Brisbane, Part Rambla,

Balls 23rd Nov," for Australian Ports éla

Port Moresby,

All vessels have liberty to call at any ports on or off the route, and the routes and sailings are subject to change or amendment with or without notice...

Melbourne, Adelaide Fremantle.

zalla 20th Oct.

*ma “SANGOL4"

due 29th Oct.

23 034 .เธอม 08%

rails 30th Oct

via Straits, far Japan.

30

7%

137%

484

43%

352

KO. "ISMÁTLA”

Już 23rd Oct.

sulla 24th Oct.

50%

1014

51

** "ITOLA”

79%

duo salts 3rd Nov,

44%

Commercial Solvent

19%

Corn Products

BT

Du Pont

804

Eastman Kodak

45%

48%

A "NELLORET

51%

112

61

a. "NANKING

39%

314

40%

14

4311⁄2

05/

0414

25%

31

10%.

415

20%

18.

15.

14%

41%

30:

524%

53

243

0014

2294

Oil of Calif,

7444

#

Oll of N. J.

85%

TO

34%

30

40%

30.

30%

10%

323%

17.

Prospective purchasers were guided by two important deve- lopments that could easing trend in cotton, goods. New York Central

Packard Motors The Department of Agriculture Pan American Airways estimated that the 1950 colton Pennsylvania RR crop had not declined as much Radio Corp. Ds dealers had estimated. Then Real Silk late in the week the Department Remington Rand of Agriculture sloshed permiss- Republic Steel able, cotton exports to about half. Reynolds Tobuces of last year's rate to conserve a Schepley short supply.

Sears Roebuck Shell Oil

In addition to sales of pring

Socony, Vacuum

Southern Pacife

landed here, unless notice has five rotary kilns, each 400 feet in spotty and limited purchaser of Standard Brands- been given 48 hours prior to gth, and auxillary instilla-small quantities of sheetings and

vessel's arrival, but carried on from port to port to the Anal port of call to which the option extends,

No claims will be admitted after the Goods have left the Godowns, and all goods re maining undelivered after October 21, 1950, will be sub- ject to rent.

All broken, chafed, and damaged Goods are to be left in the Godowns, where they

will be examined on October 20, 1950, at 10: a.m., by our Surveyors, Messrs. Goddard & Douglas.

tions.

Somé 3,500 Vietnamese and Chinese employees work

under the supervision of 40 French supervisors and engineers. Labour disputes have not been a serious problem for the management be cause strikes ore North Vietnam. outlawed in

"

broadcloths.

The wool goods market was

Studebaker quiet during the week. Prices of raw wcol

tended to firm again in Union Bag Australia.

The rayon goods field locked US Rubber any important developments.~~ Associated Press.

Security, so far, has been good U.S. GOLD STOCKS

in the well-guarded plant area.

Raw materials for cement are close at hand:

"

Limestone, from a quarry five miles away, is transported to Hal- phong in small junks.

Clay is dredged from a nearby river.

mile

Washington, October 14. The US. stocks of gold declined US350,000,000 during the week ended. October 11, the Federal Reserve Board reported.

An

Impurtant factor has been an increase in US. Iron ore needed for the cement

J. imports while U.S. experts have declined, to a mixture is mined less than 100 point where foreign countries us

les infand.

whole have earned 'dollars or To comply with the General

is obtained gold from this country. Bonded Warehouse Regulations from for power

open pits at Hongay, 30 The Board' said U.S. stocks of consignees must have Re- miles North East of Haiphong.

8

guld totalled US$23,432,000,000 on venuo Oficer in' attendance Only rypsum has to be import-October 11 after declining US$1,- when damaged dutiable goods ed from France or America 172,000,000 ovok the Last

Associated Press. are examined.

months Associated Press,

All claims must reach before November 14, 1950, or they will not be recognised.

No Insuranen will be affected

JEBSEN & CO. Agents.

Hong Kong, October 15, 1950.

NOTICE TO CONSIGNEES-

M/V “CALCHAS”

Boston wool market

neu.

12

Carbide

Steel

"T Lincs Westinghouse

Gen. Pub. Utilities

The bond market was relative- ly quiet with prices unchanged to a little lower,

Prices beaded mostly lower in the carb. Those declining includ- ed Kaiser Frazer, Electric Bond and Shore, Cities Service, Bunker Hil and Sullivan and Solar Aircraft.-Asroclated Press.

NEW ORLEANS COTTON

New Orleans, October 14.- Cotton. fulures declined today under week-end liquidation and hedgo selling. Closing prices were easy US$2 to US$200 á bale lower. **

October.

ecember March May..

July*

37.70 bid 87.91-04

tbld

30.00-87

37.85-87 38.35

Boston, October, 14.- riving. · Lots available for sale, Wool trading in - the Boston contracted or bought after shear- market was described by the

Ing, nte being offered in comic Commercial Bulletin as

cases around US$1.00 scoured. a standstill.

Some scattered lots of Reese Spot cotton closed steady US$2 Reporting a minimum of busi grading, operations.

woole

"16" continue turn up from a bale lower.

In general Midding...

30.35 nem at firm prices, the Bulletin the selling in very small, but | stid:

clean-up lols high prices. Busi "Domestic wools In recent nesa is noted in mediums at 02 weeks have · · faced ' * Blightly

to 93 cents and in halfblood- at

cents.

"Pulled

bearish influence from the re- 05 And in dalsine at 98 to 99 ccasion in foreign markets," How- over, the na:ket has not offered Damaged cargo ex this vessel

any quantity at lower prices will be surveyed at Holt's-and pries abroad have had some Wharf between 10 am and rallying, noon on October 16 and 19,

Associated Press.

NY COTTON

wool distributors have a steady market for anything suitable that they can supply. The trouble is to find them. Where turnover is mado here and 1050, and consignees are to three weeks or so. In Australla.

"On the soft spots of the past three prices are reported show

ing no enainess interessante quested to have their répre. It is noted here, some wools sentatives present during the have been obtainable at prices little eight months 1051

"Outside a record price for a

price wont] October: Age survey,

contracted in Texas, the domestic December

New York, October :142 Cotton: fitures · expériencċd":0 wave Lf general solling : today. Must of the pressure was attri- buted to neuges against increased. movement of the few cotton crop. Futures cloud B cent to US

US$4.10 duble lowork ju

30.05 nominal 1216 8842-04

AS P'clasa" down to those for ne primary matkata havo Shad - al-Murch....

BUTTERFIELD »BeLSWIRE):

of territory | civangi

However, nothing of conséquence appears to have been dünce in galandard typer eat territory of Tosan wool) lafaly t ber: 10-1950pAutumn Taxes woolk

a largo porventese moved at

most nothing write about, A# || May the world level has been

July wavering, the lisentive: for con- which even now would

under on precedentia

t'extraordinary leangel

For full particulars apply to ve MACKINNON, MACKENZIE & CO.

Telephone Nos. 27721-4..

EUROPE!

TO

U. S. A.!

TO

SOUTH AMERICA!

FLY

PAL DC-6

With connecting, carriers.

No finer

No faster commercial aircraft.

PHILIPPINE AIRLINES

COMPLETE PEACE IN AUSTRIA

Munich, October Dr. Leopold "Figi; Austrlän i tho' arrived, here by

rout

in: Aug

orts 10 let the tròn our

in to down" OYRELAYUSİ

and they wil

RHODESIANS TO

* GO TO KOREA

* Ballstrury, October Eputhern Rhodesia, will sund token- milfary, fores Ma. Kon Defenet. Headquarters, heTE/

the often of such

oluntàural wo

approved