1950-10-21 — Page 12

-Page 12

R.I.L

ROYAL

THE CHINA MAIL, SATURDAY, OCTOBER 21, 1980.

FINANCE AND COMMERCE

INTEROCEAN LINES New York

SINGAPORE, JAVÄZUNANJIunie zbarvaldining

PORTS and

MACASSAR

"TJITJALENGKA"

"VAN HEUTSZ"

"TASMAN

ARRIVALS

SAILINGS

20th Oct,

23rd Oct.

1st Nov.

10th Nov.

0th Nov.

"only to Singapore, Penang and B. Dell.

MANILA, EAST & SOUTH AFRICA &

SOUTH AMERICA

"TJISADANE" "TEGELBERG"

JAPAN

"TJISADANE"

"TEGELBERG"

fat Dec.

SAILINGS

ARRIVALS

23rd Oct. 30th Oct.

21st Nov.

ARRIVALS SAILINGS

2161 Nov, 18th Nov.

25th Oct. 4th Nov.

| Agents: HOLLAND-EAST ASIA LINE

EUROPE via MANILA

1 and MALAYA

"RYNKERK"

PLANGLEESCOT"

ARRIVALS

SAILINGS

in Port

9th Nov.

19th Nov,

"MARIEKERK”.

mld Dog.

9th Dec, early Jan.

Through Ba/L

tasued

te

Mediterranean and Norther

European porta

O JAPAN

"RYNKERK"

"LANGLEESCOT

*MARIEKERK”

NOʻSHEDI

TREND

TOFNA

THE MORLE

THE WELLS

7th Nov.

7th. Dec. carly Jan.

22nd Oct. 224d Nov Mid. Dec.

ISTHMIAN LINE

(Isthmian Steamship Company, New York)

DIRECT MONTHLY SAILINGS TO NEW YORK.

VIA LOS ANGELES AND PANAMA

STEEL DIRECTOR"

SAILINGS TO SAIGON, BANGKOK &

Stock Exchange

New York, October 19.

от

while

FOOD OUTLOOK

WORLD FOOD

Washington, October 19.

Better prospects for industrial and agricultural activity in the Indian sub-continent, Indonesia and Japan in the year 1950-51 are forecast by Mr. Morris Dodd, Director-General of the United Nations Food and Agricultural Or- ganisation.

Hong Kong Stock Exchange

In a foreword to the Organisation's annual report entitled "World Outlook and the State of Food and Agriculture", Mr. Dodd emphasised that! wool and rubber prices had risen dangerously owing to the Korean war and rearmament Rubber shares provided a specta programmes.

all

The stock market turned balk: toy after by wzổng nhead to: 20-year high 011 Wednesday |_Drofit-taking sales were enough top in the bud sporadic at- tempis to get ahead. At the

time there

•hine

was enough buylig Interest to keep decline small and to give a mild Hit te a wide variety of shares. At the Rice was also affected, he consumption, would continue to close, gains outnumbered losses snid, and to a lesser extent increase. Export demand should but by a very small margin. cotton, coffee and cocoa and continue to be active for Transfers were 2,250,000 shares within the next few months

nvailable products except possib- Roughly 110

ly butter. issues sold 01 other commodities might feel their beat prices for 1950

The prospect was for rising in- Jonger during the day

the pressure of stronger de-dustrial activity, consumer prices and domestic income, Including three touched their lows, Only mand. four of the most active stocks The report said that the Korean farm income between 1950 and war and the rearmament pro- closed lower.

grammes of the West had created special commodities the re- fundamental changes in the world port said: "Rubber gains from in- outlook of food and agriculture. creased prices might be, offset to Changes which had already oc- some extent by the increasingly Amang, the gainers were Pull-

in Indo- those anticipated, precarious. situation man, American Cyanamid, Dow curred, and Chemiral, Santa Fe, Eversharp were mainly in the direction of China, and by uncertain outlook

own Cork.

greater purchasing power and a Crown

for other

other strategically vulnerable larger included Sun- trade.

volume of The stumblers

international supply areas."

The supply for civilian uses is my Oil, Chiengo, Milwaukee and

But, with very limited increases likely to remain tight. St. Paul, Lockheed, United Air-in production, the demand for

Catton world consumption in eraft and Admiral Corporation.

food and agricultural products 1950-51 might exceed output by will tend to run ahead of supply, about 10 per cent, leaving a world It added.

carry-over on August 1, 1951, of

Brokers on the whole Hked the way the

nbsorbed market

the proft-taking.

and

Dow Jones averages: socks

83.81: 20 Industrinis 230.83; 15 Itails 70.59: 10 Uuities 40.08.

Closing quotations:

Ariams Express

Alaska Junesu

Amer lean Can

Smelting

Telephone Tobacco Waterworks

Anneonda Copper Aviation Corp. Baldwin Locomotive Bendix Aviation Bethlehem Steel Bocing Aircraft Borden Co.

Canadian Pacifle Case J. 1.

year ago. almost 3,000,000 bales less than a

The report made these points; (1) Expansion of rearmament 23% programmes would 1 purchas-

adequate supplies БУСТО 24ing power. The demand for agri- substantial rise of world colton: available from the United States 103% cultural products Would bea

60% stronger than had been anti-consumption in the 1981-52 sca- 151cipated.

6014 (2) Higher import demands 9% and military ald expenditure by 37% the United States would mean an 77% appreciable increase in the dol 13 lars available throughout the 48% world to buy agricultural pro- 45% duets from the United States and

Canada.

37

50%

Thus some of the

currency

son was likely. This would be due to the expected rapid advance in industrial production and consu- mer demand.

woa!

Wool supply

Wool: "Problems of world supply have become a mattor of Borious concern"; the report sald.

It was not possible at the mo- 19% impediments in internationalment to

the outcome of 63 trade will be reduced,"

inter-

discussions 7012

Food gains

about controlled international 45.36

(3) The volume of interná-1 allocation of supplies. 19tional trade would rise and its tion 671 80% improve, 40%

Fats and Oils: World produr-

and

scemed

cncral pattern should tend to ikely to increation

(4) The requirements of both 40 producing and importing coun- tries would be so substantial that 114% the threat of unmarketable sur-

61% pluses would

be elimin- probably 30% oled. 31 (8) Buying power and supply could be considered 46% however, 135% favourable only in comparison 44% with previous years.

Chrysler

Colgate

Commercial Solvent

Corn Products

Du Pont'

Faslinan Kodak

General Electric Gene

29th Nov.

Motors

51

Goodrich

Goodyear

.31st Oct. 19th Nov. 5th Dec. 1st Jan

Salls S.F. Sulled

DJAKARTA (BATAVIA)

"STEEL SEAFARER"

STEEL TRAVELER" "STEEL-ROVER"

"STEEL ADMIRAL”

ARRIVALS FROM U.S.A.

*STEEL SEAFARER"

"STEEL TRAVELER”

"STEEL ROVER"

"STEEL ADMIRAL”

7

Salls N. Y.

Salled.

Soiled

27th Oct. 24th Nov.

Due H.K 30th Oct.

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

GILMAN & CO., LTD.

Tel: 31140

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

Tels:-28823, 25653 & 23483

SWEDISH EAST ASIA CO.LTD.

Homeslake Mining International Harvester

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

Lead

New York Central Packard, Molers

Pan American Airways Pennsylvania RR

Radio Corp: Real Sitk

Remington Rand Republic Steet

Reynolds Tobneco Schenley..... Scars Roebuck Shell Oil

Socony Vacuum Southern Paellie Standard Brands

Oil of Calif, Oll of N. J.

Studebaker Union Bag...

Carbide

US Rubber

Lines

30% 65%

25

51

174

44

014

Generally, world food sup: plies per

person In 1950-61 would be larger than in the previous year, but the gain would be slight.

Supplies of food and the ability to buy them were still for below 20 the levels of nutritional diets re- 17quired for everyone.

in 1950. Demand seemed likely to increase in both hard and soft currency areas.

would probably be able to buy Some of the soft currency areas

more fats from dollar regions than had seemed likely carliér.

or other regions, the report made the following forecasts for 1950-51:

United

States

and Canada Prospects were for about the same size of wheat crop as last yene. with maize production only slightly smaller, and for a sub- antial reduction in cotton.

Value of imports of raw maig- resis would probably continue to

rise.

Higher prices

14 In his foreword, Mr. Dodd sald Western Europe: Conditions that these developments would were generally favourable

for

help to move the level and pat- food, grain and sugar crops `in tern for world trade in the direc- 1950 and for higher production of required for a longer term meat and livesick products, but 32 solution of International trade demand would probably continue

and payment difficulties:

14

434

304

tion

323%

54%

5432

244

to risc.

There

of

He added, "It seems that bitter

W15 a Ilkelihood Bghting on a peninsula of Asia higher prices, although these 61

and worldwide increases in eco-might be modified by price 'con- 23% nomienlly

Brina- trols or government subsidies. unproductive 75

ments will do more to improve Eastern Europe and the Soviet 884 certain

aspects of the terna- Union: Agricultural production 33% tionut distribution of food than was likely to show an increase 30% all of the direct efforts made over last year despite severe 47% since '2046."

drought in the Danube basin. ***** With the exception of Hungary, Rumania and Yugoslavia, farm-

Steel

51% 41

....

10%

Westinghouse

33

01%

Gen, Pub. Utilities

Bonds

10 were mixed. Among

Youngstown Sheet & Tube

Technicolor, Ford Motor Franco.--Associated Press.

ARRIVALS FROM EUROPE

m.v. "BALI” m.v.. "CEYLON"

13th Nov.

4th Dec.

SAILINGS TO EUROPE

m.v. "TONGHAI"

NOTICE TO CONSIGNEES

m.v. "BALI"

.31st Oct. 29th Nov.

5.8. "PELEUS"

,,,,," ་

m.v. "CEYLON"

י זיךָ

FOR

..end Dec.

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

C

Deeptanks available for Bulkell

GILMAN

& CO., LTD.

Tel. 31146

of

Korea's effect

Mr. Dodd note that the demanders' real Income socrned kely to for products directly related to Increase.

In the agricultural field, wool

an

1

should

the rearmament programmes hind Africa: Production of food been intensifled since the Korean crops for domestle consumption war.

would expand slowly." curb gainers were Barium Steel, and rubber were the major complies were likely to be larger with

Middle East: Agricultural sup modities affected. *:

improved harvest of most Prices had risen dangerously, crops, particularly cereals. and further United States pur-

rticularExpanding! Latin chases were expected to push agricultural production them higher. Rice also was affect- keep pace with the rapid growth ed and, to a lesser extent, cotton, bf

and continued population) coffee and cocoa.

European demands for non-dollar Within the next few months foodstuffs and raw materials Damaged cargo ex this ves- some other commodities might] might encourage increased pro». sel will be surveyed by Messrs.feel the pressure of stronger deduction for exports from Argen- Goddard & Douglas at Hoit's mand,

tina and other "countries-Reuter. It is not possible to increase Wharf from 10 am. on October supplies of these, scarce products 23, 1950, and consignees are in the immediate future, the only

requested to have their re- course is to make the best use of Money Market

presentatives present during the quantities that are available", the survey.

BUTTERFIELD

& SWIRE, Agents.

Mr. Dold commented. conditions

On

In the Far East

US dollars have

suc-

recovered as in 1050-51 the report said that spectacularly is they dropped barring further unfavourable caller in the weekd weather

crop production might or the second day in increase slightly but any anti-ccasion yesterday they took the cipated increase would leave per up-grade; Tining from HK$6.27 Hong Kong, October 20, 1950. capita food supplies below the at the opening to. $6.30% in the

Pacific Far East Line, Inc.

DIRECT

Fast Regular Trans-Pacific Service

SAN FRANCISCO, LOS ANGELES

"CONTEST""

"AVRPRISE"

“CHINA DRAJTO"

LOUIS LO"

PENDIAN:

OVERLAND

NEW YORK-CHICAGO DETROIT-TORONTO, MONTREAL AND ALL AMERICAN-M- CĂNADIAN – CITIES."

Arrive

Bad

Ри

Nav

Sant Franclice Oct. 21

San Francisen Cargo transhipping at Japan

Manlin

Oct.

Straits

Now!

Ban Praceles

.Oct.

12

San Franelves & Los Angeles,

San Francisco & Lor Angeles,

San Francisco & Los Angeles

Kingapórey-þjakarfa, DombaY,

Buthe Balcheeruted Accepts Diy Carro East Bound.

pre-war level.

$6.30,

Midsummer floods in Chin, afternoon. At the close it was however, indicated that Improve- On Wednesday they were down |ment if any in wheat, rice and to $6.16.

secondary crops would be less than expected.

'Rico loss

The probable loss of a substan-

TT opened yesterday at HK$0.-) 31 and 'closed at $0:54. It was up to $0.84% before the close.

Industrial gold opened at

tial part of the Korean rice crop HI287.50 a tael and closed at would create a serious shortage $200. It was down to $200.25 In and would also wipe out any

the possible exportable

Da Corea Had last

Continue youn

morning.

such Sterling was unchanged at HK$15.05, and Australian pounds

After a week of fair activity. the market closed very steady.

ad

cular feature with a strong all- round demand at udvanging rates. Increased interest was also shown

North In

Poin Utilities Wharves, with the latter finishing highest for the wook. at $5,85

was The undertone at the close steady to firm.

HK Govt, Leans

3 Loan (1934 & 3910j van. Lonn (1048) 9519%.

Banke

Unk 1,650b, 1,470), 1,400. (Lon. Reg.) $20. Chartered Hapk £10 7/18n; Mercenti Bank A♫ B/• ££ân. Bank of East Asin 106.

Insurances

Canton Ins. 2004. Union In, Goob, 700s. China Underwriters 3.00n. HK Fire Ins. llón.

Shipping

puwwss 1f0H.

HK Macno Steamboste lin. Indo Chinna' (Pref.) 22.

(Def.) on.

Sheila (Dearer) 06/-0.

Balon Waterbenta 18b. Ania Nav, JOB, TOR.

Docks. Wharves, Godowns, Etc. IIK & Kowloon Wharves 80b, 025, 'Obam. North Point Wharves 3.706, 5747,00am, Shanghai Hongkow Wharves 5%. HK Docka 165, 16mm, China Providenté 12b, Shanghai Dockyards #1áb.. Wheelocks 251⁄4n.

Mining

Itaub Mines 4,780.

Mins 01.

Lands, Hotels and Buildings

21K & Nhongchai, etuls 8,100, 3,70%, 81410.

IK Lands $25, 12124, Shankhal Lhuda 1.10h. - Humphreys

An

HK Realtira 2.15m. Chinese Extales 110n

Public Utilitias IK Tramway 145, 14*, - Ponk Trams“ (OM) 22m.

..(New) 10, 101⁄4us, Ator Ferries 748h. Chinn Lighter

(Old) 13.20, 1998, 18.40/%/30an (New) 3.20h, 9.47%, 0,407,30;n. HK Eloeiries 281, 28/28430, Marko Eleétrico 31Mn.

14

(New) 10 n.

Donita Sh., 2014. Bulakno Lights £34.

"

Telephones *(Old) 111, 15, 114.

(New) 10. Shanghai Gas 10. -

industriale

Call, Marg, (Ord.j 221n. Cauton le 3 Coments 1316b,' 127mm. HK Ropes 13b.

Stores, Etc.

Dalry Forma 1018) 14h, 143», 14!!am,

(New) 184b, 124, Watsons 204, 2

L. Crawfords 2ük. Hicrew 'n.

China Emporium 80.

Bun Co, Last, 1.70) Kwork Bong Hong '15h. Wing. On. (IK)_ 4$»_———— Win. Powell, 'I-tdi" Am.

Miscellaneous Chlon Entertainmenté. 187sh. .HK Constructions (Oldy Ba (New) 1.300. Vibro Pilings 1in.

Matyman Investments 8}<n; Mersman (IK) 78n. Bhanchal Loni 100. Shahghta? Explor, 200, Yangtands

Cottone

Ewes Jh, 3.301, 1.20.

**** Rubber, etc. Companies Alma Estates" 1490, '1610, Anglo-Dulch 401,

Anglo-Java 30,

Batu Anamy ,271, 180xa, Date Plantations"1b, Iwa. Chemor United,sh, Cheng Rubbers (27%, › 250a. Consolidated Rubbers 2.203. Dominion Rubbers 100brit Java-Consolidateda. „00n, Kota Bahroe 1.002, Ja. Kroewoek... Javno 25. Langkats $21. Padang Rubbers .22b, .20an. Repah Rubbers -.200,- Rubber-Trust 3b, 3, 2.10/2/3. Bamigues. Rubboir Sisa, T Bemamber Rubbers .808. Shangla Kedaha Gù. Tu Shanghal-Mulejn 10- Shangbel Pakane 806. Shanakal Sumatras 1,20b. Run: Manguls 100, - Bungel Daria 27b, 204, 2700-

·Tanah Merah 2b, Teborg 'Rubbers (-20h, Zlángbo Ruhbarn.40b.

BUSINESS. DONE (Direat business)

HK' Dank 10"xt $1,456, Wharf Ca, •250 st $90.

Neith Point" Wharven '*7,000ml $34, 1,000 at $5.80,-*1,000 at 85.80, #1;000

· IIM · Dock · 1,500 mt. $15. IIK Land $1,000. ut 94315.

**$425,000 ̈£ €¢2%, 100 a1-84814)

*200

I a Shinghal Hotel (1,500 #8%. *1,000 at 835, *500 at #874, 20 IIK TV 700 #1435, 1,000

+

AMERICAN PRESIDENT LINES

The Global Fleet

St. George's Bldg..

Tel. 20172/6.

TO HONOLULU & SAN FRANCISCO vio JAPAN

Nov. 2 Balls

Pres. Wilson ....

Pres. Clevoland

Gen, Gordon

4

TO SAN FRANCISCO & LOS ANGELES

Arr Art. Nov. 27 Bails Arr Nov. 229 Salla

Nov. Nov.

28

30

via JAPAN

Pres. McKinley Prea. Tuft

Arr Nov. 6 Balia Nov.

Nov. 16

Nov. Arr,

Salla

17

TO NEW YORK, BALTIMORE & BOSTON

vio PACIFIC COAST & PANAMA

Pros. Tyler Pres. Grant,

VIA

5.

ទំងរនៃ

Oct 28 27 Arc Oot, Arr. Nov. 15 Salla Nov. 10

ROUND THE WORLD

MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAY, KARACHI, SUEZ, PORT SAID, ALEXANDRIA, NAPLES, MARBEILLES. GENDA, NEW YORK and BOSTON

Willamette Victory ... Pres. Johnâòn 523)

Arr.

Art.

Oct. 20 Salis Oct. 30

Nov. 15 Szila Nov. 10

BEN LINE

CHIP "BENVORLIGH" "DENMACDHUP”

"BENALDER" "BENAVON" "RENVENUE"

"BENLAWERS" "BENMHOR" "BENATTOW" "BENLOYAL” "BENGRUACHAN"

"BENVORLICH" "BENWYVIB" "BENATTOW" "BENALDER" "BENVENUE"

"BENMHOR" "BENLOMOND"

{"BENMACDHUI"

"BENLOYAL"

"BENAVON"

"BENLAWERS”-

"BENCRUACHAN"

+

FAR LAS

ARRIVALS

FROM U.K. via "Bingapore

DE 24th O 316t

on, or abt 14th

SAILINGS

London, Antwerp, Rotterdam & Hamburg.

*

London, Antwerp, Rotterdam, Hamburg and Hull.

London, Antwerp, Rotterdam.'& Hull.

Liverpool, Glasgow, bublin, Havró 4 Rotterdam.

Havre, Liverpool, Antwerp, Rotterdam a Hamburg,

Liverpool, Glasgow,

“Dublin; Rotterdam & Antwerp.

P

U

14th G -1et

10th

17th J

23rd J

2016 J

Loading on or a

28th O

27th

21 t

17th

17th

14th

26th

3rd

30th

5th

6th

*Accepta Cargo for Genoa, †Accepts Cargo for Havre. Via Singapore, Colombo, Fort Sudan, Aden, & Sunr

For Further Particulars, Apply fo

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

York Building.

Agents

Telephone: 34185

THE EAST ASIATIC CO., LTD

"

M.S. ANNAM

LOADING 29th OCTOBER

for

ADEN, PORT SAID, GENOA, ANTWERP, ROTTERDAM,

HAMBURG, OSLO, GOTHENBURG & COPENHAGEN

THE EAST ASIATIC CO., LTD.

Queen's Bldg., Znd floor.

NY COTTON

Tel. 34111 & 34112;|

~ITALY WARNED

Genoa, October 1 Mr. Leon M. Dayton,, cheat New York, October 19. Cotton futures were fumor to the United States Economis

operation Administration/MIS day, after Wednesday's sharp de to Italy today warned Italian elines. Continued pressure on the dustrialists that unless they?? Chine Light (New) 1500 a $9.40. Departament of Agriculture to might

Ivins

China-Elght (Old) 300 ml 819,40, $8,000

At $13.40, 1,000 41 81314, oder $15.00, *1,000 at2 $1800.

14,000 al 30.8D, ···

IK Electris 1,000 at 128, 600, x1 #28%. | cfcaso cotton export allocation might them andards

-1,300 at $2834. * 13- conditions at $12.70, 700MBAN MONE would keep buying power low Plastres continued nominal st

Asian coun=" Ticals at HK$27,10 a 100, and NEI Guilders at HK$3:50'n 100,

In some

and distri HK$13 à 100.

hotler prospecta could be were unchanged. A

and agri-

exampled for jure and "Incoma, In

culturul activity

the Indian sub-continent, Indo- nesla and Japan, Tele

Australian

NY RUBBER

fan would perkultural produci· Crude Fubber. No. 1 futures

Telephone (015) 1,500 at 811%) Cemvat 405 W 81892, 1,000, 10% Dalty: Farm (200′ ME: $183/EONEK Tatson 100 at $35, art! Evo (500) at, 48.30, 800 me $3.20. Daleled “(New), fikan "at" #inspi Peak Tram (News 800 at $10%. - Dale Plant: *1,600/50. #1, 0R

liko Mussollha two works

Mf tho Itamwo

Governme

influenced; dound”, short covering and commission house buying rocked Fatures closed 55 denik to $113criticisms of tho a bato biglie

December

38.00 1.00,

Chingu 3,700 at 25,conté,"

March

·*30.01

New York, October 19,

Kota Bahrow 5,000, ne $115.

May:

38.00.

Padanga, **1,800 lat 20 cents.

| Juty

38.45.3

Trusia 350 a $3.70, 2010 at 126, 1.000 tobe

38.01/2

Bungel. Durla"" "800" <nt" 827,-

|MIT

Fain: Abama, 22.000, mk, lå centrano

MICHI

continue at closed 200 higher, ER BE my high level: wiin wool and dairy December

07.23 bid. output alightly largor than last torch

MAD

The demand for farm products Both for exposlanargo adem mali by h

Cabliet

caution in spending for Frec

Hold the Amer

of Commerce for

allan).busing "a"pression" /

!part of act andvindusts

have tho

loaders to give up strview: need for raising the tand Ilving, and to the baster of low cost and highe