1950-10-18 — Page 12

R. I. L.

ROYAL

INTEROCEAN

LINES

SINGAPORE, JAVA

PORTS and

MACASSAR

"TJITJALENGKA"

"VAN HEUTSZ"

"TASMAN"*

ARRIVALS

23rd Oct,

1st Nov.

8th Nov.

"only to Singapore, Penang and B. Dell.

SOUTH AMERICA

ARRIVALS

SAILINGS

26th Oct. 10th Nov.

1st Dec.

SAILINGS

@MANILA, EAST &

SOUTH AFRICA &

In Port

20th Oct.

22nd Oct. 30th Oct.

21st Nov.

"TJBADAK"

"TJIBADANE"

"TEGELBERG"

not calling Manila and South America, calling: Koh-i-chang

JAPAN

"TJIBODAS"

"TJ18ADANE"

"TEGELBERG"

ARRIVALS

SAILINGS

21at Nov.

18th Oct. 24th Oct.

18th Nov.

4th Nov.

Agents: HOLLAND-EAST ASIA LINE

4 the

EUROPE via MANILA

and MALAYA

"BYNKERK"

"LANGLEESCOT"

"MARIEKERK"

Through

Bu/L

Issued

Mediterranean and Northers

European porta

"RYNKERK"

JAPAN

"LANGLEESCOT"

"MARIEKERK"

SAILINGS

ARRIVALS

20th Oct,

9th Nov.

19th Nov.

mid Dec.

early Jan.

7th Nov.

7th Dec. early Jan.

9th Dec.

22nd Oct.

22nd Nov

Mid. Dec.

SEKING SE BUILDINGS TELEPHONESTS280LGATO $2801 765

KE WORLD

NAMIGHTEROA DE CATEISKUU 200

ISTHMIAN LINE

(Isthmian Steamship Company, New York)

DIRECT MONTHly sailings tO NEW YORK

VIA LOS ANGELES AND PANAMA

"STEEL DIRECTOR"

.29th Nov.

SAILINGS TO SAIGON, BANGKOK &

DJAKARTA (BATAVIA)

"STEEL SEAFARER"

.25th Oct.

"'STEEL ROVER"

"STEEL ADMIRAL”

5th Dec. 1st Jan.

ARRIVALS 'FROM U.S.A.

Salls S.F. Die H.K. 24th Oct. sailed

4th Dec. 1312 Nov.

9th Dec. 30th Dec.

"STEEL SEAFARER" "STEEL ROVER" "STEEL ADMIRAL”

GILMAN

Sollo N. Y. Saited 27th Oct. 24th Nov.

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. "BALI" m.v. "CEYLON"

13th Nov.

4th Dec.

SAILINGS TO EUROFT

m.v. "TONGHAI”

m.v. "BALI"

m.v. "CEYLON" ...

.31st Oct. .29th Nov. ..end Dec.

FOR

ADEN, PORT SAID, GENOA, MARSEILLES, CASABLANCA.

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

Deeplanks available for Hulkell

GILMAN & CO., LTD.

Tol. 31144

THE EAST ASIATIC CO., LTD.

M.S. "ANNAM"

LOADING 25th OCTOBER

for

THE CHINA MAIL. WEDNESDAY

FINANCE AND

COMMERCE

RUHR STEEL INDUSTRY SWAMPED WITH ORDERS

H.K. STOCK EXCHANGE

The ninrket remained dull and unchanged and trading was.smoli. The Rubber adelion continues to attract good buyers but sollera nre noticeably aiment, The under- tone is quietly steady.

HK Govt, Loane 41.05.17).

adults 110 & 14 Bán 312 Bon (2018) Dab.

Banks

Shonghat Think .410.

Lon. By exilyn, Chartered Hunk £ 29/320. Mercantile Bank A. & H. LIIa. Hank of East Asia 1031, 110%.

Insurances

Canton 1, 2604.

Union res, 6x61, GXban. China Underwriter 3.000.

UK Fire Ins, 145an,

Douglones 120.

Shipping

KK & Marno Steamboate in.

Indo Chinn Profi 12n, ́

Shull

10et) 350.

(Bearer) 85/11.

Delon Waterboate lib..

Avis Nic, 01756, '

Docks, Wharves, Godowna, Etc. H&Kowloon Wharves Batán.

North Point Wharvea

.10 .04.

Shanghai Jongkow Wharven

HK Bock 16h.

Chla Providenis lab.

Shanah Dockyards 3.00h, 3 APK. Wheeleks 15140.

Mining

Hauls Mines 5.7UR.

b

Lande, Hotels and Buildings IK Mines Utn.

Dusseldorf, October 17,

N.Y. STOCK EXCHANGE

Now, York, October. If,

A general weakness

persisted stock market. despite, scattered strength.

in .the today

The volume was estimated, at 1,500,000 shares, as compared with more than 2,000,000 shares on Friday one of the slowest

Lores were from a few cents Battered by Allied bombers a few years ago, partito around $In share, and gairu ally: dismantled as a war threat, and for ron to a little more than $1.

There

was little inclination tr reparations since then, the steel industry of gat abead, and business contract- the Ruhr is riding the crest of a profitableed materially as prices slipped. boom today. The gigantic steel companies and rolling mills of Western Germany, concentrated in the busy industriól valley, are sold out for months ahead: They are turning down new orders. Blast furtinces in the na-industry from stockpiling raw lion's richest production basin materials. The Issue of capital is have not been so busy since expected to bo. raised often and production they were playing a star role loudly whenever the in Adolf Hitler's spectacular ceiling is rated or discarded by

production.. Of

armaments ders are now pouring in from the outside world at a rate four times that of six month ugo.

the Allies.

Money Market

is

idnys in weeks......

Amixed muricet at the opening gave way-in" a chart time, under moderate relling in the automo- bile division.

all around

the radio tele-

Prices were dɔwn until late in the day when buy

Interest in there and in a few. other, spots, vision group brought some gains A number of slocks held higher than others in their divisions as the result of specific situations.

Among them were Dow Chemi- cal which reported good earnings, with a henys Douglas Aireraft backlog of orders, Motorola with fve told jump in more, that

third quarter earnings, and Coco Cola and Pepsi Cola after renew-

In the

ed

US dollars stumped for Even a substantial boost in the Allied-set production celling of second consecutive day yesterday, 11,100,000 tons yearly will do accompanied by some hectic sell title to offset the boom, German Ing, yesterday, but at the cios technicians predicted. They be the market steadied.

Noten opened. at HK$G.21. anded expectations of increases on Heve that Western Germany is

retail prices, after a

brief

moment at $6.213.

Stocks the downside includ

an, en route to being the world's top

General rter of consumer

Bethlehem Steel, goods in the rate fell to $0.18. exporter

the market opened the steel industry as other on-afternoon

the slump

Motors, Chrysler, Pennsylvanta t'nus become tied up:

re- against at $6.21 and firmament, progigantmes developed again started, this time down Railroad, Nickel Plate, Goodyear Konnecoti Copper, Sears Roe close it was $0.18. 50.10. At the a result of the Korean wur.

TT., mened at HK$623 ami buck, Homestake Mining, Eastern Foreign orders for West Ger

Air Lines, International Har- closed

nt $0.21. man steel and iron, jumped from

Industrial gold cpened at 1KS vester, Amtriem Cynamid, Du 117,600 tons In January to 443,500

20 In- tons in July and are still increas 279 a fact and closed at $232.50. Pont nuri U.S. Gypsum.

Dow Jones averages: ing. the

Federa!

dustrials 227.50 Economira Highest and lowest rates were:

15 Rolls 09.30; $284.26 and $27875. Ministry said.

Total orders In the same period rase from 244,000 tons to 359,900

as a

HK & Shanghai Hotels 13, Betons.

5..

BK al 41, 420.

Shengkel Fonds 1.45h.

Humphrey

1K Rektor 2.15m.

Chino Fatutes 119.

Public Utilities

IK Tramways 15.00, 13.

Peak Trame (0)d) 18.

**

(New) An.

Star Ferries 2815».

C. Lights (OM) 12,401, 11.20s, 15pa,

(New) 9.20, 0.18mm.

IK Election 2740, Mano Electrics 110,

(New) 10. (Bonus #b.) · 2012: Sandakan Lighta 8. Telephones (Old) 12.

(New) 10n. Shanghai ( 190,

Industrial

Cold, Marx, 10rd) 2 Canton fers 3

Censenta 18.

16 Roper 176.

Stores, Etc.

Dairy Farms (93) 1936, 13.60s,

(New) 11.90b, 1220.

Walmon 251.

1. Crawford 26.

Slaceres 30.

Chins Emporium RIEN.

Ron Co., Ltd. 1.701.

Xwoty Sant once 85.

Wins On (HK) 45.

Win, Powell, Ltd. H.

Vihre

Miscellaneous

Chinn Entertalamonts 14. HK Constructions (Ohl) Ju

(New) 1,400. Piling 10% b Marsman-Investments -9/-n. Maraming (1K) 0. Shanghal on Cn.

bangbuf Explor. 20n. Ynugter zin.

Cottone

Ewos 80, 3.40.10.

Rubber, etc. Companies Alma Estates 146. Anglo-Batch 36b. Anglo-Javna 24. Hatu Anam

ob.

Bute Plantations .768.

Chemor Until 40b. -

Cheng Rubbers 27.44b. Consolidated Rubbers 1.90B, Zim, Dominian Rubbers 50%.

Java-Consolidated van, Keta Butroe 1b. Kework (Juvus 12 Langka 10, Indang Rubbers 20h, itepah Rubbers.188. Rubber Trunis 2.46. Bemagaga Ilubber Semambu Rubbers Shanghai Keďnhy Bláb. Shanghal-Malays 10. Shanghal Pahang 86b, Shanghai Buniatras 1.206. Bua Managin. 10. Hungei Duri Pih

435.

456.

Tanah Meraha „Bob, Alam,

Tebang Rubbers .245.

Zlangbe Rubbers „Atk.

BUSINESS DONE

Direct buncom

Union I, O cao, 2 st 4690.

UK Fire 30 at $148,

Shanghai Dock 1,000 at 11.80. "

1 Land 100 at $42....

14. Shanghai. Hotel *600 mt 29,20.

1,000 mt 28.20, 19

HK Tram 1,000 al $18%.

Sterling was down 10 cents to 10 tuolutions: Adams Ex-

TIC$13.00

Australian pounds were down Things are moving so fast, ac-five cents to HK$12.75. cortting

Plastres continued nominal at 10 the West German Econonales Ministry, that delivery HK$13 a 100. denellines can no longer be met.. Teals at HK$27.10 a 100, nr

at HK$4 a 100, Other metal industries have been NEI Ciders affected. No orders are being were unchanged.

led for hall-finished accepted furrous metal products

non-

this branch of industry can entch up with its imposing backlog.

LONDON STOCKS

London, October 10. To catch up with steel orders, The Truman-MacArthur talks according to official calculations. bolstered Japanese bonds in the the Ruhr would have to produce at a rate in excess of 1,500,000 tons monthly. Its best post-war month so far, July, yielded only Elightly mure than two-thirds that amount.

Closing

press 23: Alain Juneau 25k: American Can 102; America Smelting 034; American Tele- phone 150 American Tobacco 6914: American Waterworks 9%) Anaconda Copper 35; Aviation

Corp. 7%; Baldwin Lichen

14; Bendix Aviation 48;

Steel 43; Boeing Aircraft 35%; Borden Co. 50% Canadian Paci fic 19: Cusp J. 1. 51; Chrysler 78: Colgate 441⁄2: Commercial 67% Solvent 19%; Corn Products, 671 London Stock Exchange today. Du Pont. 80%; Eastman Kodak The 1930 series closed up to two 45%; General Electyle 48; Gen- points at 73. Otherwise the mar-eral Motors 51%; Goodrich 1114: ket dawdled through a quiet but Goodyear 60; Homestake Mining Harvester International Government bonds firm session.

30%; were fractionally higher, but gold 315 International Paper 404;

144 shares were neglected and in- International Tel & Tel clined to sug.

Johns Manville 481%; Kannecolt Copper 45%; Montgomery Ward 644 National Distillers 254 National Lead 50%; New York

Packard Motors UK TEXTILE EXPORTS Central

18% Pan American Airways 9 Present capacity is probably

London, October 16.

Pennsylvania RR 10% Radio more than 14,500,000 tons and

British textile exports during Corp. 184; Real Silk 15; Reming steel men claim this figure can be August totalled $104,400,000, achieved only if big money is in- gain of 15 per cent over the ton Rand 14%; Republic, Steel 41% Reynolds Tobacco, 25th; vested in their plants. An in-average for the first seven months Schenley 3234 Sears Roebuck

estimate of the funds of 1950.

Even if the Big Three. Foreign Ministers would scrap the ceiling concent, an unlikely eventualité. the Germans would not be able to meet the demand.

Funds needed

Financial Times' index 116.6.- 'Associated Press,

#

Socony

aust to

to produce at full capacity The rise in toxtile shipments 523; Shell Oll 53%; 15 $238,000,000.

was one of the reasons British Vacuum 244; Southern Pacifie 2274 Standard Brands Intensifying the problems exports of all kinds set a. new 60%;

Calif. 74%: Oll of brought about by the hoem, ex-record in August, according to Standard

Oil of N. J 85 perts sald, are dwindling stocks Board of Trade figures.-Asso- Standard

Studebaker 342; Union Bog 35: materials and half-clated Press. of raw finished

Union Carbide 404: US. Rubber products, Supply bot- tlenecks have developed in copper,

49%; US Steel 40; US Lines 10%: zine-and-nickel, This -WII-

de

Westinghouse 32; Youngstown lay delivery of some products as

Sheet & Tube 51 (New); Gen much as twelve months, it is said.

Pub. Utilities 16%. Steal men also complain about the lack of liquid capital which they claim has prevented the Press,

Los Angeles, October 18. Ship sailing on October 15, Allakmon for Yokohama, Steel Navigator for San Francisco and Manila, Halland for San Fran- Curb stocks moved lower cisco, and Manila. Associated the most part with only a few

getting ahead,

Steel wage problem

for

Bond prices were virtually, un changed. In the over the coun- ter market, most long-term U.S. Treasuries were unchanged but bank eligibles were slightly higher,-Associated Prass,

NOTICE TO, CONSIGNEES CONSIGNEES PER

New York, October 17. elections. Amendments, inter- The whole problem of steel pretations and changes will be wages and prices may wind urmade many times. before the plan at the White House if wage becomes workable."

The trade weekly said one steel negotiations result in an improducer reports that 10 per cont passe, the Iron Age, metalwork of its flat rolled stainless, 30 per AUSTRALIA-WEST PACIFIC ing trade weekly said today. cent of its stainless hare, and over "The steelworkers, who are 30 per cent of its electrical, sheets asking 23 cents an hour or more are already going into Govern- Increase, will probably turn downment orders.

а

big

LINE

m.s. "CITOS"

a cost of living offer of five or six

"Steel, stocks of most, manu Are hereby notified that cents,"

the publication said... facturers are far, from large," the their cargo is being, discharged "Steel users know that. wage increase would mean sub-Age reported. Some are into the Hongkong & Kowlodn

from freight literally working er steel prices.". 11 stantially higher

Wharf & Godown Co's godown and, trucks. cars Confusion is ran

rampant

weaks, this

Most steel, consumers contacted where it will be at consignees said, the Iron Age, over priorities by the Iron Age say they never risk and subject to the Whart's and their effect on steel mill did get back to a healthy invent terms and condition of storage, schedules. It.

added:

tory after the steel strike a year and where delivery may be "Some sources holleve It is m

obtained. makeshift arrangement, to tidegishing of quotas this, month Washington over until after the and next will aggravate this con-

Damaged packages are to be dition. So will the appearance of teft in the godowns for ex Teile 100 wt $21, 220 Ht $27, more defence .orders.

600 a $37.

Meanwhile, steel sales people amination by Consignees and the Company's Burveyors. are, making every effort to get Messrs. Carmichael & Clarke order books cleaned up by the

Dairy Farm (Old) 1.60 mt $18.00.

Wation *100 at $96%%%

Chins Light (Old) 20 * $10, 100 st Two 100 at $3.40, 200 at $3,40, so end of the year. To do this some at 10 am. on October 24, 1950.

813.

-

Chin Lishi (New) 1,000 at 89.15.

(Continued on next Col.)

89,40,

Dairy Farme (Nar), 400, át $12. Comollititel '$800 ̧nË 12. - 1. Torah Merah 1,500 at:85 cita.

have dropped warehouses-from the October. schedule."--Associat cd Fress.

Pacific Far East Live Inc.

Fast Regular Trans-Pacific Service

-- BAN. FRANCISCO, LOS ANGELES

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

THE EAST ASIATIC CO., LTD.

."FLEETWOOD"

"CHINA" BEAN".

"ELTING, DRÁGÓN”.

J

"WILLIAM- LUCKENBACIES

11

"CONTEST"

"“BURPRISE”

vodne pokope, LØVERLAND

ANT SURMULA YORK-CHICAGO-DETROIT-ZORONTO, MONTREA AND ALL AMERICAN, A CANADIAN. OFTEN.

Carge-transl

"Flying Dragon"".

To comply with the General Bonded Warehouse Regula tions, consignees must have a Revenue, Officer in attendance when damaged dullable goods aro examined.

No claims will be admitted after the goods, have left the steamer's gėdownj and alli goods remaining undelivered after October 25, 1950' will be subject to rent.

All claims against the steamer must be presented to theUndersigned on, or, before, November, 15, 1940, or they will not be recognised.

No. Fire Insurance will bo effected;

DODWEL

CO.

Hong Kong, October 16, 1980.

เ

AMERICAN PRESIDENT LINES

The Global Aleen

-81. George's Bldg

7

Tel. 28172/5.

S.S. "GENERAL GORDON"

will sail for

HONOLULU and SAN FRANCISCO via. Yokohama

on Thursday, October 19, af NOON. IMPORTANT-All passengers booked on the above vessel, who hold United States visas issued befor October 12. must call at the American Consulate offees on Garden Road (opposite the lower Peak Tram Station) prior to sailing to have their visas revalidated..

Passengers are requested to board the vessel on Thursday, October 19, between 0.00 and 11.00 A.M.

Hold baggage will be received in Godown No. 50 of the Hongkong & Kowloon Wharf & Godown Co., Ltd., entrance through Gate No. 2, Canton Road, on Wednesday, October 18, between 9.00 A.M. and noon and between 200 and 6.00 P.M.

BEN LINE

...SHIP "BENVORLICH" "BENMACDHUI"

"BENALDER"

"BENAVON” "BENVENUE”.

"BENLAWERS”

"BENMHOR"

"BENÁTTOW"

"BENLOYAL"

・ANO THÂM TUN-FAN JAST

ARRIVALS

FROM

DUI

U.K. via Gingapore on or abt. 26th Oc

2nd N

14th N

14 D 14th D

Tat Ji

10th Ja

17th.Jp

23rd J

29th Ja

"DENCRUACHAN"

SAILINGS

Loading on or a

28th Oc

17th N

17th

"BENVORLICH" "BENALDER" "BENVENUE" "BENWYVI8" "BENMHOR"

London, Antwerp, Rotterdam, & Hamburg

27th

14th J

21st.

"BENATTOW" "BENLOMOND"

·25th' J

Liverpool,

Glasgow,

5th N

Dublin,

Antwerp

6th D

Rotterdam,

5th J

3rd F

"BENMACDHÚ!"

BENAVON?

"BENLAWERS"

"BENCRUACHAN””

*Accepts Carga för Gönda, †Accepts Cargo for Havro/

Omits Antwerp.

Via Bingapore, Colombo, Port Sudan, Aden, & Butz,"

For Further Particulars, Apply To-

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

York. Building,

ΤΟ

elephant: 7416)

SEATTLE

AT 300 MPH

BY

PAL DC-6

And Connecting Airlines.

Single HK$ 4,211.00 Return HKS 7,580.00

JAY!

Fly via Honolulu in the luxury of a big FAL DC-G REMEMBER

DC-8 is the outstanding, leader of

the world's commercial airplanes

PHILIPPINE AIRLINES