R.I.L.
ROYAL
INTEROCEAN
SINGAPORE, JAVA PORTS and
MACASSAR
"VAN IEETSZ"
“TJISADANE"
TASMAN”.
{"TJITJALENGKA”
• MANILA, EAST &
SOUTH AFRICA and
SOUTH AMERICA
*"TEGELBERG“
“TJIKAMPEK”
PRUYS"
JAPAN
“TJISADANE"
TEGELBERG"
[**TJIKAMPEK”
"RUYS"
ARRIVALS
14th Nov. .22nd Nov.
ARRIVALS
12th Nov., 15th. Doc,
"ARRIVALS
11th Nov.
10th Nov.
6th Dec,
4th Jan. '51
LINES
SAILINGS 10th Nov. 24th Nov. 1st Dec. 10th Dec.
SAILINGS
20th Nov.
7 Dea
10th Jan, 01 SAILINGS
13th Nov. 20th Deo,
THE CHINA MAIL, TUESDAY, NOVEMBER 7, 1950.
SELLING ORDERS WALL
RUSH OF
་
HITS
Steadiness In Cotton Futures
ST.
But Market Recovers
New York, Nov. 6. --
The stock market rallied briskly in the last few minutes of trading today after prices had been smashed down in heavy morning selling.
Final prices were down one to around three dollars a share but up considerably from the lows of the day.
New York, Nov. 6. 'Cotton futures were steady today on mill buying and short covering. There was a good deal of evening up by traders prior to the issu- At the opening of the mar- unce of tho next Govern-ket, prices plunged in the first ment cotton crop forecast violent reaction to a new threat war growing out of the
on Wednesday of this week. Korean fighting.
In early trading, the market Leading commodities for moved up, with gains extending future delivery climbed sleeply to better than $1.50 a bale, in- as tracers weighed the possibi- Buenced partly by foreign' de- velopments. However the fall-lity of severed world supply
Profit-taking -later urc of the buying to follow lines.
selling, into extreme gains. hedge through, and brought a partial reaction in the
Agents:, HOLLAND EAST ASIA LINE market.
EUROPE via MANILA
and MALAYA
|""RIJNKERK"
"LANGLEESCOT
"MARIEKERK"
Through Bs/L issued to
Mediterranean and Northern
European Ports.
JAPAN
RIJNKERK"
ANGLEESCOT"
[ABIEKERK"
The market turned irregular In the final hour on profit-taking and hedging.
closed
Futures
$1.35 higher to 50 cents lower. December
40,10 40.03-05
ARRIVALS
.19th Nov.
SAILINGS
12th Nov. 10th Dec
March
MAY
.Mid Deo,
10th Jan. '61
July
October
December
March
ARRIVALS
11th Nov.
SAILINGS
8th Dec.
8th Jan. '51
22nd Nov. Mid Dec.
30.01-74
39.30-33.
30.02
15.00 35.75
cut
Trading in the stock exchange started just as General Douglas
formally MacArthur
accused Chinese Communist forces with intervention in the Korean war.
Within an hour, the market value of all stocks listed on the exchange declined by nearly two billion dollars,
into the exchange resorted to flashing prices of key stocks directly to the ticker tape in order to give an up-to-the-second account of holiday the price trend.
Orders to sell poured
Wall Street so fast that
Middling spot 41.00 nominal
Orleans, In
cotton New futures advanced over $1.00 bale in early dealings but eased from the highs under
After the first selling blast long realising and hedge selling.
off Closing
prices were barely died down, prices levelled
and some issues rallied feebly. stendy, 55 cents higher
In late afternoon prices started to drop again as buyers shied away.
✅KING'S BUILDING, MELAMIONES U13 TO 2015 lower.
AMERICAN PRESIDENT LINES
TO HONOLULU AND, SAN FRANCISCO
vis Japan
PREZIDENT CLEVELAND ........ärr. Nov, 21 PRESIDENT WILSON .................... Arr. Dec. IS
Salis Nov. 28
Salla Dec. 19
TO SAN FRANCISCO AND LOS ANGELES
PRESIDENT TAFT PRESIDENT MADISON
via Japan
Arr. Nov, 11 AI. Nov, 24
BADE Nov. 14 Salis Nov. 23
TO NEW YORK BALTIMORE AND BOSTON
via PACIFIC COAST AND PANAMA
PRESIDENT GRANT
2. Art. Nor, 14
DARTMOUTH VICTORY A. Deo.
ROUND-THE-WORLD ·
Balls Nov. 13
Balls Dec. 10
Balls Nov. 20 Balls Dec. 3
Via Manila, Singapore, Colombo, Cochin, Bombay, Karachi, Sues, Port Said, Alexandria, Naples, Marseilles, Genoa, New York and Boston. FRESIDENT JOHNSON .......ATE. Nov, 33 PRESIDENT MONBOR... Art, Dec. 4
TO JAVA AND STRAITS FREIDENT VILLMORE ... Art. Jan. 12 Arr, Feb. 2 PRESIDENT, TYLER (3..
Balta Jan.
Salle Feb. 3
CARGOCARE PROVENTA CARDO DAMAGE ST. GEORGE'S ELDG.
PHONE..28172/6.
M.V. "LA MARSEILLAISE"
will sail for
... ... Yokohama, and Kobe
on
December March
May
July
October
Spot cotton
meady
bate
middling
10
40,00 30.12 39.05-07
39.27
35.92
closed
50 cents
Lower,
....... 40.00
Associated Press.
55
Repayment Of Loan To Pl
Washington, Nov. 6. The Treasury announced to- day that the Philippine Govern- ment will be allowed 10 years the unused part of $47,000,000 posted by the U.S. in 1040 to cover war
to
pay
11
London Stocks JARDINE, MATHESON & CO.,LTD.
Show A Loss
London, Nov. 0. Korean now depressed the London stock market today.
Government bonds tall as much as a point. German bonds were also down a point, while Japan 1980 slipped 4% to 64%.
Industrial shares unevenly lower.
118.6, off 0.8----Axsoolated Press.
FREIGHT. AND PASSAGE DEPARTMENTS
19 Podder Street, Tel, 80311.....
INDO-CHINA S.N. CO., LTD.
· *.*. “PRONTO"
.. "WINGBANG"
•B. "EBANG"
BAILINGS TO
.Tientain Keelung
Stralta, Rangoon &
4 p.m. 9th Nov.
Noon
0th Nov.
14th Nov. 10th Nov.
Calcutta
Cro
.. "HINDUBTAN" *.D. "HANGBANG"
..Japan
Sandakan
20th Nov.
Financial Time's index
8.4. "EBANG”
ARRIVALS FROM Japari
11th Nov.
B.. "TAKBANG"
Bangkok Balgon ..Tiantain
fath Nov.
15th Nov.
MADRAS ́4'
BUYING
HONGKONG SURGE IN
SHARE MARKET
A fenture of this morning's trading in the Stock Exchange was the activity in Hongkong Banks. No less than 123 shares changed hands-a postwar re- cord for this issue.
The turnover during the morning
$547,- session Was 507.25. Transactions and noon prices were as follows: SHARES BUYERS BELIZES SALES
DANKS
HK Bank
.. 2910 1334
GRAINS
War
0.0. "HINDUSTAN"..Calcutta, Straits,
Cargo accepted, on through Bill of Lading for PONDICHERRY via Singapore and for KŪDAT, JESSELTON, LABUAN, TAWAU, LÃHADDATU 4 SEMPORNA via Sanda-
Кап.
AUSTRALIA CHINA LINE LTD.
SAILINGS TO
*.*. "EASTERN GLORY”
Sydney, Hobart (7) a Melbourne
Chicago, Nov. 6. news from Korea] "m.v. "KAFIRISTAN" set off a strong surge in all grains on the Board of Trade today.
The market opened sharply higher, dipped a little on pront- talking, and then punched its way forward
again despite heavy selling orders on the way up.
At one time all soybeans con- were up 10 cents, the tracts
10 @ 1325 dally Hmalt.
23 1325 Wheat closed 1-1/2 to 4 cents
10 cp 1323 higher,
30 g 1325
Ce 1325 December
East Airs INSURANCES
Canton
109
200
Union
ота
Underwriters
311
DOCKS. ETC. K. Whart
001%
100 00
and
N. P, Wharf
Dock
14% 159
Provent
1111
Wheelock
LAND, ETC.
714
$ 1000
1000
13%
Steel, auto, rubber, rall radio television Issues took the worst mauling.
Among the losers were Chrys- ler. General Motors, U.S. Steel. Bethlehem Steel, Jones and Laughlin, Goodrich, U.S. Rub- ber. Nickel Plate. Southern Pacific, Zenith, Radio Corpora- tion, Admiral, Du Pont, Gen- eral Electric, Atlantic Refining. U.S. Gypsum. American Smelt- ing and Montgomery Ward.
Daw Jones averagest 20 Industrials
13 Ball,
10 Utililles
223.52
64.43
39,71
CLOSING QUOTATIONS
Closing stock quotations: Adams Express
Alaska Juneau American Can
damage American Smelting
American Telephone
American Tobacco
claims, The
announcement showed American Waterworks
actually Anaconda Copper only $12,000,000
for claims payments, Aviation Corp.
£35,000,000
to the U.S.
was
to be It-
The agreement calls for the Philippines to pay 2 per cent interest the amount out
in
The
Baldwin Locomotive Bendix Aviation Bethlehem Steck Boeing Aircraft Borden Co
Canadian Pacific
Is
Caso J. I.
Chrysler Colgate
standing until repayment completed, the Treasury said.
$47,000,000 was put up by the U.S. military establishment cover claims against the U.S. for damage done by the Army of the Philippines and guerilla forces who fought against the Japanese invaders and occupler during the war years-A550- ciated Press.
Cotton Textile Market Firm
Commercial Solvent
Com Products
Du Pont
Fastman Kodak General Electric General Motors Gondrich
Goodyear
Homestake Mining International Harvester International Paper International Tel & Tel Johns Manville Kennecott Copper Montgomery Ward Notional Distillers
National Lead
New York Central
Rackard Motors Pan American Airways Pennsylvania R Radio Corp. Peal Silk
Schenley
New York, Nov, 0. The cotton textile market was firm on Monday. Buyer' in Remington Hand terest.in. goods, was active for Republic Sleef deliveries through the balance Reynolds Tobacco of this year, and into the first Roebuck quarter of next. However, mills shell Oil had very little good left to sell. Socony Vacuum
uthem Pacifie resale print standard Brands The market In cloths, was steadler and those tam Oil of Calif. offerings tended to dry up in Standard Ou of, N. J. the face of the latest Far Eastatudebaker Untory Bag
HIC Hotel UTILITIES
Tram
Star Ferry
C. Light (0)13.00
C. Light (N) DI
Electric .... 27
Telephone INDUSTRIALS
Cement
་
דן
100 13,
800 g 132 600 13.20
5001334
500 131
300 g 13
7 100 @ 7815
600 0 23.
1000 G 121
100 13
1310
600
20 1600
13.10
13.10
13.10
Rope
13
STORES, ETC.
3412
Daby" (Old) 13%
1000
131%
1214
Delry (N)
12
4215
Watson
4435
CPA To
Во
10811
Fly
The Tasman
The
Wellington, Nov, 6. Australian and New Zealand Governments have
agreed to allow the Canadian
March
May
July
Corn, December
Oats, December
Itye, December
Soybeans, November
2.33-334
3.3314-3214 22016-12 1.63-10255 02-0136 1.5439-1.54 2.8345
-Associated Press.
RUBBER FUTURES
IN SINGAPORE
Singapore, Nov. 6.
Prices of rubber futures closed hero today as follows:- Number 1 rubber, per lb.
November
Number 1 rubber.
Belabane, Sydney, Melbourne & Adelaide
ARRIVALS FROM
** "EASTERN · GLÓRY”.
Australian Porta vla Japan
20th Nov.
14th Dec.
26th Nov.
*Cargo accepted on through Bills of Lading to Tasmania, Now Zealand and Pacific Island Ports.
GLEN LINE LTD.
SCHEDULED SAILINGS TO UK, AND CONTINENT
m.v. "GLENORCHY"
Loads 16th November, salis 20th November, for Straits, Colombo, Aden, Suez, Port Bald, 'Alexandria, Geno8, Hamburg. London, Antwerp, Rotterdam/Amsterdam, Dua London 1st January,
m.y. "GLENARTNEY”
Loads 4th December, salls 7th December for Straite, Colombo, Aden, Suez, Port Sald, Tanglor, Casablanca, London, Antwerp, Rotterdam/Amsterdam, Hamburg- Due London, 14th January.
(Carriers option to proceed via other porta to load/discharge cargo)
C. SCHEDULED, ARRIVALS FROM LONDON
m.v. "GLENARTNEY"
due H.K.
28th Nov.
Leave London Discharging At Holt's Wharf.
Balled 4th Nov. 21st Nov.
8th Dec.
26th Dec,
Balled
8th Deo.
INTERMEDIATE SERVICE
m.v. "BREGONSHIRE"-
December
Number
rubber
January (1051)
Nimber
rubber,
November
Number 3 rubbe
November
100 -200
10014-10735
10014-10712
208 -207
204 -205
m.v. "GLENEARN" m.v. "GLENGÅяRY"
m.v. "FLINTOHIRE"
Number 4 rubber.
November
200 -201 Spot rubber, unbaled 203.-200 No. 1 pale crepe...
210-215
United Presa
MALAYAN TIN
Singapore, Nov. 8, Malayun tin resumed Ita record-breaking climb today, selling at $537.25. (Straits) per pleul or about $1.32 (U.S.) per pound
Rubber prices equalled the previous all-time high of November 2. Rubber shipments| from Malaya during October rose to a new peak, it was an- nounced. The US took 39,000 tops, United Kingdom. 17,000, | China 12,000, Japan 5,000, Rus-
sla 1,272.—Associated Press.
TIN MARKET
London, Nov. 6.
Pacific Airlines to fly across the the morning salon today. The Tin prices jumped higher in Tasman Sea on its Pacific route turnover was 180 tons, in- from Vancouver
Vancouver to Sydney,cluding 95 tons for spot.
33
was
84
17
1314
announced today..
The Canadian Pacific Airlines
Priece closed today at the exil
1,120 Spot tin, buyers Business, done at Spec) tingllana
1,9 1,225-1.200 Three-mantha,tin, 'buyers. 1300- Three-months' tin, sellers 1,110
1,100-1,035 Business done at Settlement
1,390
18 will not be allowed to share in of the official moming version
the trans Tasman, passETIKET as follows
which will remala the trade,
the Tasman Em 40% monopoly of 34% pire Air
Airways Until de Havilland Comet let airliners
available- the Canadian
company will use Canadair-48. It will begin' ai fortnightly service on February | 12 next year--Reuter.
4011
1816
40;
developments. The supply union Carbide situation was reported parti-Us Bubbers cularly Ught" for the civilian US Steel market in ducks and wide in- US Lars
WestinghourG dustrial cloths which have been reunatown Sheet & Tube bought by the Armed Services, Gen. Pub. Utilities ...
Lower in, the. curb Were The wool goods market was
active. Buyers Burium Steel Electric Bond and continued to walt the
Government buying. of St. Lawrence, Corporation, Passengers are requested to board, the vessel with wools and the consumer reag Koloer Frazer, and Aluminium
Company Associated Press, heir cabin baggage on the 8th November between 5 and 7 tion to higher prices.
Tha rayon goods, market was slow-Associated Press,
Thursday, the 9th November at 3. A.M.
Baggage room and Hold baggage will be registered
firm but not details on Share, Fairchild Engine, Humble
Kowloon Godown No. 50 (No. 2 Gate, Canton Road Buoyant Market
Intrance), on the 8th November between 9 a.m. and
OON and 2.P.M. and 5. PM.
For Further particulars, please apply to: CIE DES MESSAGERIES MARITIMES Queen's Building
Tel: 26651 (8 lines). ⠀⠀
IVARAN LINES
FAR EAST SERVICE. FROM U.S. ATLANTIC COAST PORTS, V. “LISHOLE”
Due about 15th Nov. 1950. TAIGADIS Mes dade Portaatheids
20th Dec. 1950,
- SAILING FOR JAPAN, LOS ANGELES VO GOSTAND U.S. ATLANTIC COAST
VIA PANAMA CANAL LISHOL
Balls about 10th Nov, 1950, 992, 80th Deo 1950, kipmand Garga: for West-
At Wool Sales
NY Sugar Futuras
New York, Nov. 6. World sugar futures closed today 13 to 27 points higher, with sales totalling 532 con
tracts,
closed today - 04
8.50 nominal
550 traded
6.00 traded
2.90-4.99 traded
6.75
Sydney, Nov. 0.
Contract No. 6 closed today There was again a buoyant
5 to 8 points higher, market when Sydney Wool
Prices sales were resumed today. fellows:
Generally values for all de- Contract No. 4 (world) scriptions of fleece wools were January (1351) 2-14 to per cent higher com- March pared with closing rates at the May Juis Just Sydney sales. ・・・
Boot Skirtings were a
up Ave Contract No.
·January · (1951), per cent.
March There was very good com- May petition from Great
Britain July and the Continent, and good! · support from American' dnd Japaneno interests.-Associated Press, BRAKE
السين
COPPER EXPORTS
5.00 nominal B40 traded
0.40.bid
6.44 nominal United Press: ***
NEW YORK BANK QUOTATIONS
are
Exchange Rates
Business was done in the lood
the
TIN, FUTURES
New York, Nov. 0. Tin futures on the Commodity Exchango Incorporated' rome to the përralssible limit of 5 cents unofficial
market Exchange
a pound on Monday following morning at the following "raters Sterling note (por 47 161sa stoep rise in the London
market Tin for January" "wan Indonesia guideri" - (per 100) 3.00
In Sism - tion (per 100)
sold up to $1.41 a pound. EME (Suits)
L the spot. market, brokers zo FIC pisstres, (per 100), 13.10
ported a confused situation.— United Press,
LONDON RUBBER
London, Nov. 0: Prices in the rubber futures. market hero closed today follows:
par Ib.) No. 1 rubber (in cent December January/March April/June July/Deptembroċ
04% 022-6331⁄2
(1941) 651-60
nominal United Frems.
U.S. Treasury Report
Washington, Nov. 0. Treasury position on Nov. 2: Total debi $250,777,624,540.03, compared with $250,885,040,- | 714,09 ́a year ago.
Gold assets $23,240,405,783.24 compared with $24,589,171,701.94 Ya year ago—Associated Press,
America Making New
Hard Steel Alloy
New York, Nov. 6.
America's biggest steel producer today an nounced the development of a new steel sald - to nearly double the strength of other low-alloy metals.
The alloy was produced by the research bid laboratory of Carnegie Illinois Steel Corporation, the largest subsidiary of the United States Steel Corporation.
New York, Nov. 0.. "Bank closing. quotations \, Washbadon, Nov 'Us, Bask, of, Amstion......
2016 asked Commerce Department" copper exporte Jäyk Birch sponging, 214 Chays National, Took whole bid. past Low days attempting to Atistional City Deep Bla application for copper expert
Associated Fren: conoce within the quola, westablished for the
All applications
fourth
the
RUBBER
S
The 'metal-hue-been-commerci
carilloy, BA BARNSAN
It was developed.
Ffur têm in the : cóțialeaci
neere claimed that it
the, streng bi-of- Sov, alloy socia;
PRINCE LINE LTD.
ARRIVALS FROM US. ATLANTIC & PACIFIC PORTS
Balle N.Y. Ball 8.F. Due H.K. Bailed 15th Nov. 12th Dec. m.v.. "BRITISH PRINCE"
30th Dda. m.v. "CASTERN PRINCE"... 14th Nov. 3rd Dec. EAST COAST, CANADA &-U.S.A. via BUEZ m.v. "JAVANESE PRINCE" ..
Load Oth November, for Balgon, Koholchang, Singapore Straite, Colombo. Halifax, Boston and New York m.v. "BRITISH PRINCE
Loads 12th Dec., for, Japan, Philippines, Java, Binge- pore, Straits, Colombo, Halifax, Boston and New Yorke Vessel may call at Balgon and Blam.
Cargo for St John (N. B) Montreal and Bermuda with transhipment at Halifax or New York.
All the above subject to alteration without notice. their All Intending Passengers should reglater names as far as possible in advance of the time at which they wish to leave.
PACIFIC TRANSPORT LINES
ARRIVALS FROM SAN FRANCISCO
5.8. "HONGKONG TRANSPORT" L.B. "PACIPIO TRANGPORT" 10. “AMERICA TRANSPORT" s.a. "PHILIPPINE TRANSPORT"
14. "HONGKONG.
Bails 8.F.
Gallod 11th Nov. 15th Nov.
Due H.K. 20th Nov.
Bth Deo. 25th Doc.
9th Doc. 8th Jan.
TO TAKUBAR...NAGOYA,
SHIMIDZU; - YOKOHAMARA Galin 8.P. “Das H.K. (SPORT”
20063 166, (* 16th (Pro)
TO TAKUBAR, KOBEL NAGOYA,
SHIMIDZU, YOKOHAMA, HONOLULU Z USA
1.8. "PACIFIC TRANSPORT"
4. U.S.A. Balls H.K.
Through bills of lading Issued to any Port In North America & to South American Porta
JARDINE, MATHESON
18 Pedder Street
WATERMAN
STEAMQUIP
Due 8.P.
ALTD. Tel: 80811
CORPORATION
MOBILE ALA U.S.A..
**WATERMAN LINE EXPRESS
FREIGHT SERVICE
FROM US. ATLANTIC COAST VIA JAPAN ANDREW JACKSON"
BU MALAWAT
Due about da
DIRECT FOR
NEW YORK, BALTIMORK A Fai VIA JAPAN & HONOLI
44. "ANDREW
"ALAWAN
DARGO
WALLEM & COM ITD.