1950-10-31 — Page 10

R. IL.

ROYAL

INTEROCEAN

> SINGAPORE, JAVA

PORTS and

MACASSAR

"VAN HEUTSZ"

"TJIGADANE"

"TASMAN"

"TJITJALENGKA"

ARRIVALS

2nd Nov,

I

6th Nov.

22nd Nov.

"only to Bingapore, Penang and B. Dall,

• MANILA, EAST &

SOUTH AFRICA &

SOUTH AMERICA

"TEGELBERO" "RUYS"

JAPAN

"TJIGĄDANE"

"TEGELBERG"

"RUYS"

15th Dec.

ARRIVALS

LINES

SAILINGS

10th 'Nov.

24th Nov.

1st Deo.

10th Doc.

ARRIVALS ·

in Port

SAILINGS

20th Nov. 10th Jan.

SAILINGS

8th Nov.

19th Nov.

4th Jan..

4th Nov. 20th Dec.

Agents: HOLLAND-EAST ASIA LINE

# EUROPE via MANILA

and MALAYA

"AYNKERK"

"LANG LEESCOT"

"MARIEKERK"

Through G/L lesund

Mediterranean and Northera

European porta,

JAPAN

"RYNKERK"

"LANGLEEBCOT"

"MARIEKERK"

ARRIVALS

SAILINGS

19th Nov. mid Dec.

10th Nov,

Oth Dec. Early Jan,

ARRIVALS

SAILINGS

7th Nov.

7th Dec.

early Jan.

22nd, Nov Mid. Dec.

ERKINOS BUILDING TELEPHONES, 2001SATO 28017534

EXACHINES AGENTSVES COANABURI IDANZOSTELSIUS

TROJEN

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” -

STEEL TRAVELER”

"STEEL ROVER"

"STEEL ADMIRAL”

ARRIVALS FROM U.S.A,

STEEL SEAFARER"

STEEL TRAVELER" "STEEL ROVER"

"STEEL ADMIRAL”

GILMAN

Balls N. Y. Sailed Salled 27th Oct. 24th Nov.

Salls S.F.

Sailed

In Port

.19th Nov.

5th Dec. 1st Jan.

Due B.R

In Port 28th Oct. 18th Noc. 13th Nov. 4th Dec. 0th Dec. 30th Dec.

CO., LTD.

Tel: 31146

Chinese Freight Agents:- HIN FAT & CO., LTD. Teis: 28823, 25553 & 23483.

SWEDISH EAST ASIA CO.,LTD.

ARRIVALS FROM EUROPE

m.v. "BALI” m.v. "CEYLON"

12th Nov. 1st Dec.

SAILINGS TO EUROPE

m.y. "TONGHAI”

m.v. "BALI"

m.v. "CEYLON"

FOR

..In Port 29th Nov. .ond 'Dec.

ADEN, PORT SAID, GENOA, MARSEILLES, CASABLANCA,

ANTWEEP, ROTTERDAM, BREMEN, HAMBURG, COPENHAGEN, OSLO & GOTHENBURG

Deeptanks avaliable for Bula

GILMAN & CO., LTD.

Tel. 31148

THE EAST ASIATIC CO., LTD.

M.S.

ANNAM

NOW LOADING

for

ADEN, PORT SAID, GENOA, ANTWERP, ROTTERDAM,

“ILAMBURG, OSLO,

COPENHAGEN

THE EAST ASIATIC CO. LTD.

THE CHINA MAIL, TUESDAY, OCTOBER 31, 1910.

FINANCE

Hong Kong Stock Exchange

Undor the stimulira of the

AND

COMMERCE

STOCK MARKET STILL GROGGY FROM BAD DECLINE LAST WEEK

Now York, October 29.

revaluation of usucts announce The stock market struggled back on its foot late in the week, still groggy from the "worst boat- ing in four months.

ment Lights, Old and New opened with brisk business at $15% and $11.00. The expected follow-

through did not materiallse, how-On Thursday, out of a clear sky, two selling goles

ever

and they eased to $143 und $10,60 under pressure, but closer buyers $15.10 and $10,20

inoved up in sympathy atki found substantial supporters at prices ranging from- $80% to $30%, closing at $30.

Wharves, and Star Ferrics earded useful gains and traders were offering $04 and $80 without

sellers. nitracting

The rest of the market and Rubbers were quietly steady and the undertone at the close was fairly frin,

UK GOVT, LOANS

24. Lou (1014 & 2010; 55m. 354 tonn (1) 98.

BANKN JK & Shanghai Bank 1,1503.

(1 Reg.) 290K Chartered Bank Linn. Mereuntil Hauk A. & 11. 2. Horsk of East Anin 109.

INSURANCER

Carbon fox, 2055. Valen Ins, 670b, 67ása, China Voderwestera 3.894, 25 1K Fire Ins, Han.

BUHIPPING

Punglores tall.

Macar Etentuhoate lin. Joda Cidaus (Pref.) 12m,

(Def) 550.

Phelle (enter) 62/48. Arin Naw, ..

DOCKA, WHARVES, GODOWNR, Et.

HK & Sowloon Wharves 128.

North Point Wharves 6b, 61⁄4ás, lána. Shanghai Hungdow Wharves b. HK Deeks 15.20, 10.

Chin Provalents 12.206, 12.40s. Shanghai Dockyards 4.356, 41⁄21. Wheelock 25140.

MINING

Haub Misca 4.730.

1 Min 0115.

LANDS, HOTELS & BUILDINGS HK & Stonelizi Hotel 2.0612, 89805. HK Lands 41%),

Shatabal LAD A,DOR, S.Ran, Humphreys

HK Realties 2.29a,

Chinese Eetutre 110n.

PUBLIC UTILITIES HK Tramwqra' #b, 14% 11.20. Peak Trina (Old) 22.

+

(New) 1

Star Ferrier pili, 20in.

C. Light:

(Did) 13.764, 165«, DRZUM{/153% **. (New) 10h, 10.40x, 11/10/10.min. AK Beciri #0%b, 2015, 20/2041/30en.

neno Electrics 114.

(New) 30an.

(Banus 8h) 104. Sandakan Les in. Telephones (0) 116, 195

(New) 10128. Shambal G kan.

INDUSTRIALS Cabl, Moer. (Ord.) 22. Canton low $44.

Cements 10.60b, 14, 134. ПК Корова С-3», 115 м.

STORES. Ele.

Dairy Farm (0) 166, 14.00/¡Bno.

(New) 1b. 13.

(Continued at foot of next Col.)

NOTICE-TO-CONSIGNÉES.

From JAPAN Consignees per ship S.S: "SHILLONG" arrived 30th October, 1950. are hereby notified that their cargo will be discharged into the Hongkong & Kowloon Wharf & Godown Co., Ltd., where it will lie at consignees' risk and expense and subject to terms and conditions of storage of the Hongkong & Kowloon Wharf & Godown Co., Ltd. The cargo is expect- ed to be ready for delivery from the Godown on and ufter October 31, 1950,

Cargo is considered as be- ing accepted in good order and condition by consignees, unless broken, chafed and damaged packages are left in the Go.. down for subsequent examina- tion by Messrs. Goddard & Douglas in the presence of

10 consignees, at November 3, 1950.

a.m

on

To comply with the General Bonded Warehouse Regulation, consignees must have a Re- Venuc Officer in -attendence when dutiable goods are ex amined.

All damaged cargo claims against the steamer must be undersigned presented to the

an or before November * 23, 1050, or they will not be ro-. cognised.

knocked down prices from $1 to more than $3 a share. On Friday, a ponderous rally re- couped a small part of the losses,

The rally continued, grud- gingly, in yesterday's short session but progress was small.

Favourites included 0.8. 'Stool. Bethlehem Steel, Armco, Ro- public' and Youngstown Sheet,

clusive.

New York metal market

And the Defence order priority system governing aluminium was modified to sprend "DO" rated orders more evenly among both producers and fabricators. Similar action with respect to copper is expected shortly.

Now York, October 29. The government notified metals consumers this week At the final bell on Saturday,

that controls are on the way, The half hearted rallies of | cutting back sharply on civilian though, prices were headed up-

aluminium, ward with steel stocks the beil- Friday and Saturday Just about use.

of copper, cut in half the Thursday drop.nicki and cobalt. wether of the market.

On

Monday, Tuesday and Wed- Despite the laboured Friday-nesday, price action was incon- Saturday comebuck, the market inished the week with well over 1.000 millon dollars lopped off of all stocks the quoted value listed on the exchange.

The decline was the worst since the week ended July 15, and it was the second weekly de- cline in 10 weeks.

Reason for the Thursday bus was something of a mystery There was no one item

i tho day's news budget to account or the severity of the selling. Even the full weight or a number concrete developments was not enough to tip the price reale I down yard so rapidly.

of

Emotional factors, in short, evidently exeried more leverute on the market than speelfe news..

Fovor pitch

Selling reached fever pitoh immediately afler

President

Truman announced at a press conterance that he was con. aldering calling Congress back) to work before the scheduled dato in late November. Но had two high priority legla. Julive proposnis, he said, to submit to the Congress, RA excess profit tax and extension of rent controlá

week.

The Associated Press average 80 stocks Anished the week at $88.40 a share, up 20 cedis an Saturday but down $1.30 on the

dwindled 10 650,000 shares from Trading volume on Saturday

was confined 740,000 a week earlier. Business to 873 individual Issues of which 414 advanced and 204 declined.

Despite the market's show of stability on Friday and Saturday, the week end in a high degree of most tradera left Wall Street for confusion.

The market has been advancing for a long time ever since Juno lost year-Associated Press.

Burma oil

exploitation discussed

:

Geneva, October 20. Burma has told the Petroleum Committee of the International Labour Organisation here that the expects soon to resume nego- tiations with oil companies for int exploitation of the Upper Burma ollfelds.

These developments shared the spotlight with the week's price changes in meuls, all of Them upward.

Sliver advanced, quicksilver was marked up, and tha

price

record each time. climbed every day, setting a new

major metals held unchanged, but OMeinl market prices of other

the extreme rearcity of these and several others kept the gray mar- ket active at premium prices far above established quotations.

The chief of the National Pro- cuction Authority said civilian Use of copper, aluminium and; nickel will probably be started and that cobalt may be restricted altogether to defence orders.

Strategic metal

Cobalt is a strategle metal widely used in alloys. designed. to withstand the extremely high. temperatures of coll engines and gac turbines, and has important applications In magriata andi other electronic equipment,

Just when the proposed, cut- back in these metals will take authorities expect them by De- effect was not sluted. But, trade

The President added, signlil- cantly, in the opinion of many in Woll Street, that he had other proposals in mind which he would selbse at a later date.

Also disquieting was announce- ment of a ban on recreational construction and allocation of steel to build freight cars.

Investors and speculators found themselves face to face with the promise of higher taxes and more controls and they did not like elther prospect, The emotional The all wells region, now has impact was too much. Hundreds been reported "restored to order." of theusonits of shares of stock were dumped on the market and The originul tulles were on the prices cracked.

basis that the Government would After the market closed on subscribe between eight and ten Thursday, traders underwent a nullion Sterling-or 40 per cent change of heart. Maybe things of the sum needed to rehabilitate were not quite so bad as they Burma's war-devastated oil fields. looked at first glance,

was the prevailing opinion. At the same time optimism was not rampant enough to

promote а decisive rally.

A usually reliable source here said that the oil companies had approached the Burmese Govern- cember 1. ment for the resumption of the doned last year because of rebel Rangoon talks, which were abun- activity in Upper Burma.

Two pieces of corporate news

to

AMERICAN PRESIDENT LINES

The Global floer

Bt. George's 'Bldg.

#18172/5.

TO HONOLULU & SAN FRANCISCO via JAPAN

Priz

Wilson Pros. Cleveland

Arr Nov. *2 BallaNov. -Ar Nov. 27 Balle Nov.

TO SAN FRANCISCO & LOS ANGELES

Pres. McKinlay -Pres. Taft

viD JAPAN

Art.

Nov. 5 Balls Nov.

Arr. Nov. 13 Gatle Nov.

TO NEW YORK, BALTIMORE & BOSTON

via PACIFIC COAST & PANAMA

'Prex. Tyler Prod. Grant

VIA

In Port

Salle Oct. 3

Nov.

Arr. Nov. 14 Sarla

ROUND THE WORLD

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

Willamette Victory

Pres. Jahnson

Arr. Nov. 2 Balle Nov.

Arr.

Nov, 15 Balla Nov. 1

BENLINE

-"BENVORLICH"

BENMACDHUI "BENALDER” "BENAVON" “BENVENUE"

"BENLAWERS” "BENMHOR" "BENATTOw" "BENLOYAL" "BENCRUACHÄN”

TO AND

SAILINGS

London, Antwerp, Rotterdam & Hamburg.

ARRIVALS

SHIP

FROM ............... U.Þ. via Singapore

I

In 31st

on or abt '14th'

14th

1st

10th

171h

23rd

29th

Loading on or

Stonec

Anche

27th

London, Antwerp, Rotterdam, Hamburg and Hull.

211 17th

17

London, Antwerp,

1400

Rotterdam & Huli.

25th

Liverpool, Glasgow,

Dublin, Havre & Röttärkein.

Brd

Havre, Liverpool,

metals

"BENLOYAL"

"BENAVON" "BENLAWERS" "BENCRUACHAN

Antwerp, Rotterdam & Hamburg,

Soth

Liverpool, Glasgow,

6th

61

again linked

Tin's spectacular alimb was

the trond Ini Singapore, where new price peaks were also being set us a result of heavy European demand, stock- piling in the US, and concern Far East. Traders sald the mar over Communist attitudes in the! ket demand in New York has not warranted the rise, but they have been forced to boost quotations. to meet their replacement costs. Tin prices here have risen more than 44 cents

a pound in four months.

Major

non-ferrous

Mr. M. A. Roschid, the lender of the Burmese Government dele.. gation to the Petroleum Commit- tec, told Reuter, today that while price: the pipeline to Rangoon was stil a two dollar a share Bethlehem subject to interference by Isolated Copper, 124.50 ∙cents a pound, Steel dividend and General pockets of insurgents, the Irra- Connecticut Valley: foreign 24.50 Motors record high earning waddy River was clear and petrocents, New York helped to Inspire cautious de- barges were moving regularly York, 15.80 St. Louis; foreign Lead. 10 cents pound Now. mand. Steels, motor and roils down the river, did best in Friday's market.

17.5

Gutt or

Steels lood

Petroleum production in the fields had substantially increased this year, and should be con- On Saturday, steels took over, siderably above the 8,500,000 gal leadership with gains

lons produced last year, he added. more than $1

to

Watsons 25+ 38%%% «». L. Crawforde.2016. Bincerer En

China Emporium,${D. Kun Co., Ltd. 1.200.

wour Saint/Hong in. Wing On (K) din. Wm, Powell, Lidl. n.

MISCELLANEOUS China Entertainments 131ib. HK Constructlova (0)d) PlÝM.

(Now) 1.30, Vibro Filings in.

་ ་

Maraman Investments ́9/-n. Marsman - Shanghai Lean Jon. Shanghai Explor; 20n. Yangtelen Zign.

4.10.

COTTONA

BUÁINESS DONA Direct businesa) Union Jos, -GO •ut $675

running

share.

North Polat Wharyan 1,000 •«£ $63%•

TTK Dock 100-at $145.00.

China Provident - 500' at #812:40.

'IK Hotel 500 mt $8:00.

Sangka! Land 1,000 at $1.55.

Still short

to 18 nominal, Mexico ports.

Zine 17.60 cents a pound, East Et. Louis, 18.22 New York foreign 21 to 2 cents nominal, Gulf -porte.

Aluminum, 13 cents a pound Ingots, slipping point; plis. 18 Antimony, 35.28 cents a pound New York; 32 cents bulk, This was, of course, for short Laredo, Texas. of the 270 million gallons that Manganese, 48 per cent ore Burma produced before the war nearby contracts, 19.8 to 81.8 and the Government was keen cents a long ton unit (24 lbs) that rehabilitation work should nominal, o.. U.S. ports dutý be resumed without delay.

Pald

78 to 2 per Ferromanganese, Mr. Raschid said that bo told cent manganese, US $172 to US the Petroleum Committee that $175 a gross shipping point. while the

Nickel, 48 cents pound Elec- Burmese Government

trolytic cathodes, Port Colborne, Ontario; 51.20 cents, New Yorks.

Platimam, USSDO an colinco retail, New wholesale; US$D3 York.

was Socialist in concept it was willing to permit the develop ment of its petroleum and 'other) resources by private enterprise. | But this would 'be subject to con- siderations of, 'overall rational

7

Interest and the provisioris of the 3 vor 50 cents an ounce, Now

Constitution.

do pence, London, Tin, US$1.ZI n potmě, New York.

Quicksilver, US$91 to US$94 a Mr. Raschid cald that the ton unit of 20 pounds, nomina Petroleum Committee was...now, flack of 70 pounds, New York.

Tungsten ore,. US$38 to US$3 discumming whither the primary) responsibility for improving so- Now, York clal conditions in the world ol'

Domestic shelllte, US138:50

IIK T 1,000 at $11.20 41.800 et industry lay with the Governo, mina-Associated Press,

-$14:20,- 1,000 at $16.30.

China Light (014) "2,000, at‹£151⁄21⁄2, *900

--

128 at, 116, 9,000 at 115534,

1.000 at)

ments or with the oil companies.

Money Market

mt #1815, 800, at 13161⁄21⁄2,

The Burmese point of low was FIC, 000 at $18,000 at 15% that under developed and newly 1,300 $15, $1,000 at 816, 9,500 at independent comtries like Burma $115, 1.000 at 315,300 1,218 not have the resources to do US dollars opened, yesterday as China Light (News 2,000 at 111,200 intensive welfare work in onry HK68.38 and closed at -40.38. AL 110.50,000 able10:00, 1600 at urticular industry--becalise they, These were the highest and lowes! ^$30.00, ($5,000* me. "#2016, 13,000 ; si were faced with the vast pro-, ratos.

#2016, $1,300 #1, #1010, 1,000, at blem of raising the general living $10.40..1,000LML::KINTO. Cartoonditions.

"BENVORLICH" *"BENWYVI8"

"BENATTOW"

BENALDER" "BENVENVE”

**BENMHOR"

"BENI OMOND"

*DENMACDHUP

Dublin, Rotterdam & Antwerp.

"Accépia Cargo for Genom. †Accepta Cargo for Havi. Via Singapore, Colombo, Port Sudan, Adan, -4 -Busɛ.

For Further Particulars, Apply To- W. R. LOXLEY & CO. (CHINA) LT Agents York Büllding.

NOTICE TO CONSIGNEES

Talonbazıb: 341

NOTICE TO CONSIGN

Configurer Per STATES STEAMSHIP

8.3. "COLORADO"/

M/V. **REINHOLT" Having arrived Hong Kong consignees of cargo are heraby notified that all goods have been landed and placed ut are hereby notified that their risk and expense into the cargo is being discharged godowns of the Hongkong and the Hongkong & Kov Kowloon Wharf and Godown Whart & Godown. Co's.go Co., Ltd, where delivery may, where it will be at Consi be obtained as soon da the risk and subject to the W

terms and conditions of ste goods are landed.

and where delivery mo obtained.

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

0.5.

Damaged packages are luft in the godowns for e ination by Consignees and Company's Surveyors, M Carmichael & Clarke a

All broken, chaded and dem aged goods are to be left In the godown where they will be am. on October 30, 1950. examined in the presence of To comply with the Ger Messrs. Goddard and Douglas Bonded Warehouse Regula on November 3, 1950, at 10 Consignees must have a Malad venue - "Officer în atten

when damaged duttabla To comply with the Generál are examined. Bonded Warehouse Regtila- tions,, Consignees must have a No claims will be ad Revenue Oller in attendance after the goods have le when examining damaged duti- stoamera godown, and al able goods. All claims against remaining undelivera the veivel must be presented October 31, 1959 will b after the goods have been at $291, 2,400 m #30, 1,000 Bursa, therefore, folt that for Industrial göld operied at HKS | fourteen mys of the HID All claims against › thi

to the Undersigned within jeef to rent/ 2341% 8.000 m3 £2045140 at 384 the time being the responsibility 200.25 a tael and closed at $297. arrival...or they will not be mer must be promted 800, 18055.1.200 a $30, 5,45 Walfare work in the all-Belds Hightat and lowest rates were Cat 410. Comment $1,000 at 13%, xho ás misy, particularly as rugzyds housing, smoRN WAH W1F4.75, 0

recognised, & Godown Co. promises un-102 135,29,300 AAS

Daler (Viens (011) 100. As T14:40, 1900, akinůld He with the companies.

Sterling was stationary at Es less a Joint survey has: pre- "Walaon #200.64/XES 15; PEDO 'RË 1263L, Z

had found, mupport 10.10.2: viously been affected.

«tiovernment

Australian pounds opened

.No fire insurance will bel dffected.

No claims will be admitted

talten delivery of ex 'ship"}} sida or alternatively ex the Hongkong & Kowloon Wharf

MACTINNON LÁCH

Horig Kong,

Agenta),

#R Minisko –$100 wt, KAD T5, 1300 ki 220; |

Zungel Dugia „100%a% $194.

"Manong: soma delegations *** Harguntinų,

Dibyend theCo Beuter

!!

Topnotat dik$640 and uloted at $0.396M

NEI COL

W

affected.

21100; wd Hong Kong, HK$3,895/100,5|

TO

Undersigned

will 66|November: 96-1010) will not be

No

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