1950-10-20 — Page 12

THE CHINA MAIL, FRIL

R. I. L

INTEROCEAN

ROYAL

SINGAPORE, JAVA

MACASSAR

"TJITJALENGKA”

"VAN HEUT8Z"

PORTS and

"TASMAN"*

LINES

ARRIVALS SAILINGS

'22nd Oct.

20th Oct.

1st -Nov.

10th Nov.

8th Nov.

*onty to Singapore, Penang and D, Dell,

1st Dec.

FINANCE AND

H.K. Stock Exchange

The market gathered further strength in a lively morning ses- sion yesterday, with gains up to $1 over the previous close. There were some profit takers in the afternoon. however, but price elianges were only Tractionally lower, The undertone was firm.

HK Govt, Loans

40 Lei 98n,

ay Jan (1034 & 1019) 8. 39, bean (1949) 95120,

MANILA, EAST &

SOUTH AFRICA &

H

SOUTH AMERICA

ARRIVALS

SAILINGS

"TJIBADAK""a

JISADANE"

"TEGELBERG"

23rd Oct. 30th Oct.

20th Oct. 21st Nov.

ARRIVALS SAILINGS

21st Nov.

25th Oct.

18th Nov.

4th Nov.

Canton I, 2601,

not catting Manila and South America,

O JAPAN

"TJISADANE"

"TEGELBERG"

Agents: HOLLAND-EAST ASIA LINE

'EUROPE via MANILA

and MALAYA

"AYNKERK"

"LANGLEEBCOT"

"MARIEKERK”

Through B/L (scued te

Mediterranean and Northern

European porta,

JAPAN

"RYNKERK"

"LANGLEESCOT'

*MARIEKERK"

Banks

NIK & Shanghind flank 1.44, 1,466es.

(Lam. Reg.) £80.

Chartered Beak X10 7/1n. Merrente Bank A, & B, £250. Dunk of Eure Arta 188,

Insurances

Union an. Sk@k, 200», '#hőek. China Haderwriters 3.900. HK Fire Ine, 143.

Shipping

Homem n.

HR & Mueau Steambonts 11n. Indo Chinas (Prof.) 12.

(cf. an.

ARRIVALS

SAILINGS

20th Oct.

9th Nov.

Shell lowrer) 05/-0.

19th Nov.

9th Doo.

mid Dec.

early Jan.

22nd Oct.

7th Nov.

7th Dec. carly Jan,

22nd Nov

Mid, Dec.

7 CSKING'S BUILDING, TELEPHONEST 2007ĒTO 2801752

THE CHINESE ADENI STREET CONNAUGHT ROADŽUBITUSSINGRIIS

FLIXE

THE

THE WORLA

ISTHMIAN LINE

· WOULD THE WORLD ·

(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"

"STEEL TRAVELER”

"STEEL ROVER"

"STEEL ADMIRAL”

ARRIVALS FROM U.S.A.

STEEL SEAFARER"

"STEEL TRAVELER" "STEEL ROVER" "STEEL ADMIRAL”

GILMAN

Salls N. Y. Sailed

Salled 27th Oct. 24th Nov.

CO.,

Tel: 31140

Balon Waterkonte 3b,

Axis Nav. 10.

COMMERCE

CANADA'S PLANS FOR JAPAN,

KOREA TRADE

Ottawa, Octobor 18.

Canada plans to play a large role in the rehabilita- tion of Korea and become a major source of; supply for Japan. C.R. Gallow, area officer for Asia in the Trade

Department, said Canada expected these developments despite the fact that its exports to Asia generally had fallen while imports from that part of the world had increased. Termination of exports to Communist China and India's dollar difficulties were

sponsible for the cut.

The Trade Department

10-

Britain not to free

viewed figures for Hong Kong, Sterling

China, Ceylon, India, Indonesia, Japan, Malaya, Pakistan and the

"CART Philippines in an article

Docks, Wharves, Godowns, Etc.

K&Kowloon Wharves Arb,

North

B

1114

Whary

.CO.

DA

A Hangkew Whar Gh. UK k 15.

Ching Providents 12,

Shanghai Dockyarda 21⁄4b

Wheelocks 25140.

Mining

Bur Me 4.500.

Mize 01.

Lands, Hotels and Bulidinga

1 & Shunahui ffolets 8,401, 8.40/Yze,

JK hands 43h. 40, 42

Sumbai Larte 1,40,

3lymalereya b.

RK Readem 2.200.

Chine Rutes 119.

Public Utilep

1K Tramway+ 13, '14/14 jan.

Trick Tram (Old) 226.

(New: jon,

Star Ferries 73400, 7345/7ARK,

Chien Lights (014) 13,306, 13,35/1

(New; 9.30, 8.46/5/Allen, HIK Eletrics 206.28300, 2715/2815/28*8 Marie Electries 11.

(Now 10.

bonu 8.) 10. Bandakan Lights 8.

(Now) 103,

Bhanghai Gas 13⁄41⁄2n.

Industrials

Cal, Macg, (Ord.) 2án. Unit 3 3.

Cement 13, 14, 1319/34/23%. EK Mopes 139

Stores, Etc.

by Mr. Gallow organ "Forelyn Trade.".

New York Stock Exchange

New York, October 18, The stock market today zinshed the peak of a 15-month advance ond hit the highest level in 20 years. Not since February 1981," according to the Associated Press 'the average of 49 slocks, has London, October 16.

general price level been so high. Britain has rejected sup- signed

shure Gains Pound

upproached $2 n the .gestions that in Its weekly

stacks although favoured for ito Sterling be freed from

Nearly 125 inbat were $1 or less. present restrictions and allow

issues hit new highs for the year "Canada

it to find Mr. Gallow said:

Ita awn levol

or longer. international 'markets. assume increasing expected to

Jay, Financial importance as a source of supply

Douglas materials re-

to the Secretary

Treasury, for essential raw quired by Japan and particularly

told the House of Commane in a written statement that for the rehabilitation of Korea.

Britain does not propose to other hand, the market On the for Canadian flour in Ceylon, is

follow the example of Gana. less

and the market for

dn.-United Press.

អ

non-tial consumer goods in

'Hong

is fading."

in

The Department said four ship- inetits accounted for most of the increase in the past Canda's exports to Ceylon, while exports of other products fell of.

year

Exports to China

WILS

Mr. Gallow said the high level

Ceylon of four exports to not likely to continue, and in- provements la exports of other products was not expected in the very near future,

FUND APPROVES

Transfers were 2,410,000 shares. Wall

reported Street quarters nothing outstanding in the news to account for the market's freshi factors Inflationary advance.. were generally credited with be- Ing the main motive power be- hind buying Among the gainers United were Douglas Aircraft,

Republic Lockheed, Aircraft,

Aircraft, Aviation,

Cituman

Oil,

Willy Overland. Sury

Airlines, American Broadcasting, Air Reduction, Cuorgia Pacifle, Plywood, Allied Gypsum and U.S. Chemical, Northern Pacific.

NEW AUSTRIAN American

EXCHANGES

Washington, Detober 18. The International Monetary Fund today announced its ap- proval of modifications in Aus tria's monetary exchange sys-

Exports to China fel largely because of cutbacks in the pur- tem.

and wheat chase of Canadian flour,

Canadian

India

لكلمة

coni-

15

Dow Jones overages: Stocks) 83.77; 20 Rails 70.76; 19 Utilities 40.72.

Industrials 230.30;

Closing quotations:

Adams Express American Can

Borden Co.

The modifications were: (1) Establishment or a single

to Department_sak rate of 21.86 · schillings the Trade there was evidence that the Com-; United States dollar for

China munist regime in

was mercial transactions through the] Teisphones (Old) 11, 114, 115, taking over increasing control of abolition of the basic rate of 14.40 Anaconda Copper

foreign trade

schillings per

US$1 and the pre- Mr. Gallow said: "Although

mium rate of 26 schillings to the Aviation Corp. there is evidence of interest in dollar for commercial transactions. Baldwin Locomotive

products, there is no

pre-j Bendix Aviation (2) Maintenance of the clear indication of Government

mium rate of 26 schlilings to the Bethlehem Steel policy concerning dollar Imports."

The drop in Canadian exports U.S. dollar for certain visibles Boeing Aircraft chiefly mainly tourist expenditures.

Canadian Pacific duc Wos

of Can (3) Abolition in principle in shipments. decline

private barter and compensation Case, J. I.

Chrysler of wheat and railway equip-

arrangements. inent. He said: "Die

some! The announcement snid that Colgate relaxation in Indian

Austria had consulted the Fund Commercial Solvent controls

and improvements in the dollar position of that coun- about the modifientions and that Corn Products

to consult Du Pont

Eastman Kodak try, Canadian exports should im- Austria will continue

with the Fund on its exchange prove during the second half of

a view to complete General Electric policy with 1930 in such Unes as drugs, me-

Goodrich dicines, machinery, non-ferrous unication of the effective rate.- metals, wood pulp, newsprint..

Goodyear... chemicals, milk powder and in-

Homesinkte Mining

10 24, 14, 14/143m, (New) 121gb, 15, 124/10 Waten 2544b, 2614*, 281/26an.

.31si Oel.

Dairy Farm

.19th Nov.

5th Dec.

1st Jan

Sails S.F. Due R K

Sailed 30th Oct. 28th Oct. 18th Noc. 13th Nov. 4th Dec. 9th Dec. 30th Dec.

LTD.

Chinese Freight Agents:- HIN FAT & CO., LTD. Tels: 28823, 25553_8_23483.

SWEDISH EAST ASIA CO.LTD.

ARRIVALS FROM EUROPE

1. Crawfords 255. Sheeres An

China Emporium Rn.

Sun Co. Lul, 1.70n. Kwonst Sarg Hong in, Wing OK) 43. Wai. Powell, Lui, Am.

Miscellaneous

China Envortainmenta KD. HK Costellons (Old) in.

(w) 2.800.

Vileo Pilluga lib.

Marinan Investments 2/-n. Mark) 0. Shivchod Lean 700. Shankhul Explor, 20. Yunglazen 3an.

Ewas $124,

Gottans

Rubber, etc, 'Companies Alma Estates 14355, 179. Anglo-Dutch 40.

Anglo-Javon, 256.

Batu Atanın

25.

But Plantations 96b, lan. Chemor United .556.

rem Nutborn 25. Consulkinted Rubbers 26.

Duminium Rubbers .905, 180. Java Consolidatede „Q5a. Koln Bahne ih, 14an. Kroework Javas 20, Laackia 3012

Padang Hubbers 201. Jepnh Rehbers Aüb. Rubber Trusts 2.701. Sumaanga Robbers 75b, .9, .2011. Heimbs Rubbers 458. Khanghai-kedahs fb, 6/04a.

m.v. "BALI" m.v. "CEYLON"

.13th Nov.

4th Dec.

BAILINGS TO EUROFI

m.v. "TONGHAI"

.31st Oct.

m.v. "BALI"

.29th Nov.

Si Manugis 100.

m.v. "CEYLON"

...end Dcc.

FOR

ADEN, PORT SAID, GENOA, MARSEILLES, CASABLANCA. ANTWERP, ROTTERDAM, BREMEN, HAMBURG,

·COPENHAGEN, OSLO & GOTHENBURG

Deoptanks wvallable for Ishikall

GILMAN & CO., LTD.

Tel. 31148

THE EAST ASIATIC CO., LTD.

M.S.

ANNAM"

LOADING 25th OCTOBER-

for

‘ADEN, PORT SAID, GENOA, ANTWERP, BOTTERDAM,

HAMBURG, OSLO, GOTHENBURO & COPENHAGEN

THE EAST ASIATIC CO., LTD.

Shaoghal-Malays 10. Stavbyinhong 4,75%. Shanghal Sumaires 1.106.

Kunzel Turia '30s.

Tanah Merahu Bab, len. Tekong Hukbers 24b.

·Zangbe Nubbers Aüb.

BUSINESS DONE

(Direct business)

JIK Bank 92, $145, 10 at $1,420,

10 t $1,466, "25 at 81,158,

Union Jus, * at $685.

Wharf Co, 20 at $87.

to

to

to

import

Reuter.

AMERICAN PRESIDENT LINES

The Glebal tee!

SL Gomera Bldg.

Tel. 28172/5.

TO HONOLULU & SAN FRANCISCO, KA

Pres. Wlison Pres. Cleveland Gin, Gordon

vid JAPAN

Arr

Oxila Nov. 3 Are Nov, 2

NOV. 27 Salle Arr.

Nov. 28 Novi

30 20 Sails., Nov.

TO SAN FRANCISCO'&'LOS ANGELES

via JAPAN.

Proa. Mokinley Proo. Taft

:5 Arc. Nov. Art.. 'Nov. 10

Balla Nov, Sallo Nov.

17

TO NEW YORK, BALTIMORE & BOSTON

vio PACIFIC COAST & PANAMA

Pree. Tyler Pres. Grant

Oct. 27 Arr

Nov. 15 'Arr.

Balls, Oct.

Nov. Salle

28 16

ROUND THE WORLD'

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

'Pros. Polk Willamette Victory.

Arr.

Arr.

In 'Port Oct.

Bail Oct.

29

21 Sailo Oct. 30

BENDLINE

SHIP

"BENVORLICH

ARD

ARRIVALS

FROM

DUC

U.K. via Singapore on or abi. 24th. O

2nd No

14th

Tut

414th

sht

10th

17th

,23rd

29th

14

Smelting Telephone Tobacco Waterworks

23 .10316

:05 157

68

0%

"DENMACDHUI"

30%

"BENALDER"

73

"BENAVON"

137%

"BENVENUE"

48%

"BENLAWERS"

44

"BENMHOR"

37%

"BENATTOW”

60%

"BENLOYAL"

10%

"BENCRUACHAN”

9314

SAILINGS

79%

44%

Loading on or a

20

67%

"DENVORLICH"

28th Oc

1. 17th N

81%

"DENALDER"

45% "BENVENUE"

17th

27th

14th

21st

25th

Liverpool,

Glengow.

6th

Dublin, Antwerp

· 5th

'RotterdamTI,

5th

Bed

Malors

funt milk foods."-- United Press NEWSPRINT PRICE International Harvester

Money Market

US dollars recovered on the local money market yesterday.

Notes opened at HK86.17 and In a steady climb reached $8.24 at the close.

ATTACKED.

Jolins Manville New York, October 18,

Kennecott Copper The recent increase of $10 a ton in newsprint announced by two Montgomery Ward Canadian makers was denounced National Distillera- excessive New York Central today as precipitute, unwarranted and Il-timed by Williams, Cranston

General

Lend

Packard Motors ....

Manager of the American News. Pan American Airways

Association. Pennsylvania RR

Publishers

+404%

+"BENWYVIS"

*BENMHOR" ́521

"BENATTOW" "BENLOMOND"

116

"BENMACDHU!"

London; Antwerp, Rotterdam, & Hamburg

Accepts Cargo for Genoa, tAccepta Cargo for Havre,

Omita Antwerp.,--

For Further Particulars, Apply To-

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

Agents

*3044

021

32

4744

"BENAVON"

Tel & Tel

14

"DENLAWERS"

+44

"DENCRUACHAN"

-07%

60%

20%

51%

17%

Via Singapore, Colombo, Port Sudan, Aden, & Gusz

4%

9%

20%

1744

114

74%

York Building.

434

138

13

:5414

55 K

24

01

20

Oll of 'Calif.

75

8.8. JEAN LAFITTE"

Oll of N. J.

86%

34th

4714

Having arrived Hong Kong 35% consignees of cargo are hereby

51%

notified that all goods have

TI' opened ni HK$6.18 and

paper closed at $8.30%.

Industrial gold also recovered, The Association is being asked Radio Corp: touching HK$287.50 a tact at the by an overwhelmingly large num- Real Silk close, after opening at $282.50. ber of U.S. newspaper publishers Remington Rand These were the highest and whether the increases of $10 per Republic Steel lowest rates of the day.

Sterling opened at HK$16.83 and closed at $15.85.

Australian pounds were down a further five cents to HK$12.70. Plastres continued nominal at HK$13 n 100.

Picals at HK$27.10 a 100, and NEI Gullders at HK$3.80 a 400, were unchanged.

NEW ORLEANS

COTTON

New Orleans, October, 18. Cotton futures closed $1.20 to $4.70 a bale lower.

December March

38.62-66.

38.6870,

38.63—55,

38.18.

ton on newsprint by Powell River Reynolds Tobacco and Abitibi are to be made by other North American producers," he said.

Schenley Scars Roebuck Shell On "Our answer is that we believe Bocony Vacuum an increase of $10 is not justined Southern Pacife by any factors today that would Standard Brands go to support the increase to $111}| per ton base price.

"While contracts are made bef Studebaker tween mills and publishers, the Union Bag ANPA belleves a $10 increuse is precipitate, excessive, unwarrant US Rubber

and

ill-timod."-Assocluted.

cd

Press.

NY RUBBER

Carbide

"Steel

" Lines Westinghouse

Youngstown Sheet & Tube Gon: Pub. Utilities

70

Telephone: 94162

NOTICE TO CONSIGNEES NOTICE TO CONSIGNEL

CONSIGNEES PER

AUSTRALIA-WEST PACIF

LINE

1-

m.s. "CITOS"

been landed and placed ut

Are hereby notified their risk and expense into the the cargo is being discharg 23godowns of the Hongkong and into the Hongkong & Kowld 51 Kowloon Wharf and Godown Wharf & Godown Co's godo 1600., Ltd., where delivery midy where it will be at consigne Among be obtained as soon as the risk and subject to the Whar terms and condition of storag 'and where ⋅ delivery may obtained.

New York, October 18.

Rail bonds advanced. .Crudd Rubber No. One futures

Curb gainers were Fairchild goods are landed. closed 105 to 200 lower.

Humble Oll, "Kaiser- December

55.25 asked Camera,

Kirby Petroleum and, March..

48.3555. Frazer, 34.71.

43.50 asked Consolidated 'Mining-Assoclited May

Press. smoked, Spot No. One ribbed Spot cuttch $4:50 atbile lower.

nominal. Associated 38.85.

sheets: 00 Mlädling

Press, Acrociated Press.

Muy Gelober

North Point Wharvon 108 m2: 85%. 2005 | July

AU$5.49, 13,000 t 104.

IIK Dock: 1,000 mt $16, 3,000 at 1.

-400 - $10.

HK Land *233 mi 642.

Shanchal Bolet 1600 at. $849. 2,500 nt. $15, 700.01 $814,

X Tam*4,500 ub, 314.. L000,'ut 314.20, *1,000 at #144,,500 at 614M, 800 $450, 2,000 a $144, 690 nt-2144.

China Llibt (Old) · *1,000 ist $13.00

1,000 at 18.95, 2,800) at $18.00, -1,100 at $18149, 5,900, ut 1534, 580

At DISH,

·China. Light (New) 000 t, '99,40, 200 at 8915,1,500 at: 49:40, $1,083 t $0.46, 2,500 at: 39.40,

500 at: $14,2;300 at $18%. Rope 400 at- $10.00.

Hoffman warns against economic nationalism

LONDON STOCKS

-London, October 18, The Stock exchange closed generally Brm to stronger with toxtiles and rayons in demand.

Some Improvement was noted in motor issues. Prof taking in

No claims will be admitted after the goods have left the godowns or failure to attend the survey.

All broken, chafed and dam- aged goods are to be left in the godown where they will be examined in the presence of Messrs. Goddard and Douglas

coppers was absorbed and prices on October 23, 1950, at 40 advanced on further buying from a.m. the continent.

perous free nations, among which he assumed America and Britain would be numbered,, would have a natural interest in trying 10 meet special conditions holding back the prosperity of other free Associated Press. pations.

Gold shares were steady but Financial Times index 117.1-Bonded

quiet.

NOTICE TO CONSIGNEES

·Damaged packages are to left in the godowns for K amination by Cobulences the Company's survey Messrs. Carmichael & Cla at 10 am. on October 24, 1

To comply with tuc Gen Bonded Warehouse, Reg

Revenue Officer in attendź whan damaged dutiable, go are examined.

tons, consignees must hav

London, October 18. Mr. Paul G. Hoffman, forme: Marshall Plan Administrato

To comply with the General LIK Eerie 1.000 at $174,500 said here todity that a return of

Warehouse Regulu. No-claims will be aind $2734, 400 mt $25, 1,000 at $28.

Lions, consignees must have after the goods have left, 2.010 at 328, 1,000 at 82814, 1.400 economic nationalism in Euroj would make further recover

Revimte Omoor in attendance steamer's godown, and ut $25, #500 at $28, 400 x 128, Teirdbone (Otdy 1,400 at #1115 509 or the madting of the new de

when examining damaged duti-goods remaining undeliv St #1145..

After his farewell tour of 11

able goods. All claims against after: October 25, 1980 Demut 300 a $1815,000, fence burden impossible.

But he added that Europe raid European countries Mr. Hoffman

$13. "PELEUS”.

the "vestol must be presenteil ne subject to rant, FM11C not know, her own resources gret said that he would carry back to

to the Undersigned within Dairy Perm (018) $400-$16, 2,000 and it, she started a real pro- the United States the main Im

Damaged cargo ex this was fourteen days df", the "ship All claims Forainst *88-89454, 37209 MERATAIS, KOH samme of expanulen she would pression of "an astounding Im- Watson 1.250"** 2014. 20082014. Sicprise huself

provement In European condi- sel will be surveyed by Mars arrival, or they will not be steamer must be presented

Goddard & Douglas at Holt's recognised. those 800-25%, • 000 ̧nt $24, 200 In an exclusive Interview with loos compared, with

in early Wharf from 10 am. on October? Router, M, Huffman, who re- oxisting in 1040 or even Telephones (New) *2,000, ak #1015.

his post on September 1940. Daitins (New) 000 AL 11232, #1,000 red from

requested to have their de dte a 400 at 113,023, said that in his opinton the Talleing of European recover 23, 1950, and consignees dre

Plant, *,000 £250

Marshall Plan should end on after the war he said that Europe presentatived present during

2 was producing about 15 per cent the survey. Domtolonia 4,000 at +#1. -

schede in 3902

baitutions Bhanolfal Rodába | #4500 at #8, #1000 But there would be

above the immediate pre-war throughout the world wisers some bears and Britale about XB per Tanah Merah P3,000 ab:41, 1,999. Al free nations had not had the cent above. Elar Furries: 200 #1, #7814, 600,

چهار

Tile And Dicen aohlavad in silk 674. dapally to jevelop their res

smarces for foi morickwpecial ren-years. But he considered. Wes-

sons would the fact Tuindult spot. em European economio recovery Hong Kong,

da, loftinum -suid-it-ought in could progress oven. / faster,— (accepted, "that "the

the Undersigned on "or" (November - 1), *1950; or

No frostranon will be will not be recognised. effected.

No Fire Insurance

WALLT &Co cffected.

UTTERFIELD

Agenty.

Patolm, 20, 1050, Hong Ko

·DODWELL & ~CO. LTD.

Arents

583041457

October 18, 1980, Hong Kong, October 18,