23
R.I.L.
ROYAL
INTEROCEAN LINES
• SINGAPORE, JAVA
PORTS and
MACASSAR
**TJITJALENGKATM *VAN HEUTSZ” »
*TJISADANE”
**TASMAN"
ARRIVALS
In Port
12th Dec.
,21st Dec.
+23rd Deo,
SAILINGS
10th Deo.
17th Dec,
26th Dec,
2nd Jan, '51
• Only to Blogupere, Penang & B. Dell.
not calling at Singapore.
• MANILA, EAST & SOUTH AFRICA and
SOUTH AMERICA
"TJIPONDOK"
"TJIKAMPEK”
"KUYS"
"BOISSEVAIN"
→ JAPAN
**TŠIKAMPEK“
**TJIPONDOK” "RUYS"
"BOISSEVAIN"
Agents:
ARRIVALS
11th Dec..
18th Dec. 19th Jan, '51
ARRIVALS
9th Dec.
6th Jan, 51
7th Mar, '51
SAILINGS
11th Dec,
8th Jan, '1 0th Mar. *31
SAILINGS
13th Deo.
22nd Dec,
21st Jan. '51
HOLLAND EAST ASIA LINE
⚫ EUROPE via MANILA
and MALAYA
"LANGLEESCOT”
**MARIEKERK”
*MELISKERK"
Lo
Through Ba/L Inred
Medlerrancan and Northern
European Ports.
• JAPAN
"LANGLEESCOT"
"MARIRKERK"
MELISKERK”
ARRIVALS
.15th Dec
«Mid Jan 'E1
ARRIVALS
SAILINGS 23rd Dec, 11th Jan 31
10th Feb. '51
SAILINGS
THE CHINA MAIL,
Wool Soars To
A New High
Melbourne, Deo, B.
A world record price of 372 pence per pound for
Десов superlamb's
realised at
wha
the opening
of the Geelong wool today.
It was the best opening day over recorded. At least
£3,128,000 worth of wool was bought.
The general tone of the
market WEB Very strong with price
movements
firm, on late rates.
AL the Bydney mics prices remained firm-As- sociated Press.
HONGKONG
SHARE MARKET
The turnover on the
Stock Exchange this morning WILE valued at $29,265. The half day's business and noon prices were as follows:- SHARES BUYERS SELLERS SALES
BANKS
HK Dank DOCKS, ETC.
K. Whar Dock
Provident
123%
$330
ૐ છુ ૢ
10% 3.10 3.50
7.20
11
.22nd Dec,
7th Jan. '51 9th Feb. '51
S'hal Dock LAND, ETC.
HII Hotel HIK Land
40
19th Deo. wild Jan. '51
UTILITIES
Tram
1214
400 100 @ 125
C. Light (0) 12.40
C. Light (N)
Telephone
INDUSTRIALS
Cement
STORES, ETC.
Dairy
13
1212
2000 13
MAKING SE BUILDING, TEÇİBUONISTAARIGATOLOUR:
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, vis SAN FRANCISCO,' LOS ANGELES AND PANAMA
NEXT SAILINGS
M.S. "LEXA MAERSK"
MS. "SALLY MAERSK"
M.S.
"MARCHEN MAERSK"
In Port
Dec. 24 Dec. 30
Electric..... 2015
Dalry (N) 114 500 21 200 11 240 2.30 536 @ 2.60 300 1.00
COTTONS
Dwo
Irregular Trend In
NY Cotton
New York, Dec. 5. Cotton futures closed irregu- Iar, with nearby deliveries gain- ing as much as US$5.60 a bale and deferred contracts lagging with losses ranging to nearly US$2.
Futures closed US$5.60 a bale higher to US$1.00 lower. December
TANKS OF ALL SIZES AVAILABLE FOR BULK OIL March (1951)
ARRIVALS FROM
M.S.
"ANNA MAERSK"
MS. "GRETE MAERSK"
MS. "CHASTINE MAERSK"
May
42.10 41.72-75
40.90-41.00
40.40 - 45 80.60-03
36.20 nominal
U.S.A.
July
October
Dec. 18. Dec. 28
Dec. 30
December March (1952) MayTM
35.03
争要
*
"
For Freights and Further Particulars please apply to:-
AGENTS:
JEBSEN & CO.
Pedder Building
PENINSULAR
{
WEDNESDAY, DECEMBER 6, 1950.
Steel Shortage Feared: Britain Reduces Export
London.
Rumours of an impending steel shortage have led to sug- gestions that the allocation system may be re-imposed.
In the following review, based on authorita- tive sources, the supply and demand position is analysed and the conclusion reached that rearma- ment has not yet caused any appreciable rise in consumption. The major new factor is a certain increase in consumer buying.
Exports of steel are being limited in order to increase supplies to the home market. This step and the re-orientation of production, it is considered, should ensure industry at home -- except in special cases w receiving the steel it requires. A detailed allocation system is regarded as unnecessary.
Home output of crude steel in the lines envisaged at the be the form of Ingots and castings | ginning of the year. Moreover, was forecast in the Economic the effect of the orders placed Survey for 1950 at between under the rearmament pro- 16,750,000 and 16,000,000 tons. ETAMUTO on consumption. this
CONSUMER ORDERS
lies
In fact, production in the first year is negligible in relation to ten months of the year amounts the other items in the equation. to 19,427,000 tons (compared with 12,814,000 tons in the corresponding months of 1949).
Why then, it may be asked, Since total cut-put In 1994 was should apprehensions of short. 15,538,000 tons there is thus ages arise and difficulty be re- ! every expectation that the output ported in placing orders? for the year will exceed 10,000,. Since the explanation 000 tons and may, indeed, reaen neither in a shortfall of supply 10,250,000 tons--well over the
nor in any unexpected rise in upper limit of the forecast,
The Survey did not give the io the behaviour of consumers consumption, it must be sought remaining items of the supply in placing their orders. The fact alde of the equation in detall. is that, whereas orders fell off It can, however, be deduced that during the Arst half of the year, imports were estimated at about there has been a sharp increase 850,000 inget tons. In fact they in the flow of orders on the may not much exceed 600,000 steelworks since the commence- home production over the oromont of hostilities in Korca,
This represents the counterpart cast will about make up for the of the panic buying which has
in' imports The shortfall aggregate supply of steel will be countries in recent months. In- been experienced in many other Just at the level officially fore-deed the cast,
ingot tons. Thus the surplus
ST
EXPORT OBJECTIVE
Exports were expected to rise to some 3,000,000 ingot tons and this objective
in sight Although by for the greater part of the range of steel products is not controlled, the industry ac- copts and acts on the advice of the Government AP to the
direction of exports,
Thus the confident expectation in the Survey Eat "there will be a substantial increase in do- uveries to the Commonwealth" is being carried out.
experience of this country has, been but a pale re dection of what has happened elsewhere..
may
London Stocks In A Decline
London, Dee. İs, Continning Bad Down from the Far East,sot off a creeping decline in the London Block Exchange today.
up
Losses were small in most sections and there was a somewhat steadler tone st close of trading. Bellish Government bonda wem mixed at the finish, with plus and minus signs
to 3% each way. Japanese bonds dropped sharply at the start with josice up to two point. They rallied mildly in the afternoon and the 1907= closed at 42, down 3⁄4, the 1910s at 30%, down 4, and the 1930s at 61, down
Financial Times' Index: 1184—Associated Press.
WALL ST.
RECOVERS LOSSES
New York, Dec. 5. In a complete about-face, the stock market today surged ahead *following Monday's tumble,
Cloding prices showed gulna running to around US$2 a shore," and quotations were headod upward at the final bell.
Whatever device chosen to remedy this condition and to provide elbow-room for rearmament, detalled allocation of materials, such as the steel
Not fill of Monday's loved allocation system is recently re- laxed, can find no useful place.
were recouped but they were harply reduced, On average the Detailed control over the many r
market regained about two- thousands of steel consumers In order to divert a few percent of arts of the ground lost when total consumption is administra-heavy selling swept through the Exchange an a result of tho tively wasteful and clumsy, even shocking international news and if thero were enough civil
prospects of steeply, higher taxes seryants with the skill to gauge and to a nicety the detailed steel rond extended Government con-
trols
Since total supplies and ex- ports are at the forecast level, quirements of each firm.
The international scene today it follows that the quantity of
As experience with the present was just about as murky as it steel available for Home allocation of shoot steel shows, was
Taxes on Monday.
and consumption is also as expected, such a paper scheme has to be stiff controls were, if anything. Play has been made in some | administered so loosely thni B shado nearor. But Block quarters with the fact that over-ordering is not prevented. traders had a thorough chatigo stocks of steel in the hands of Moreover, in the field of general of heart, with a large part of consumers, fel; during the first steel such a scheme is incapable the change based on hope. half-year. But this movement of coping with requirements Prices advanced in two stages. was anticipated in the Economic for specile chapes, sizes and Plenty of buying orders were Survey. It was there envisaged “qualities which, throughout the on
the hand when
markot that, if necessary, it should be life of the distribution scheme, opened and leading shares possible, without any dislocation were dealt with in the ordinary readily
responded. Demand or serious inconvenience, to run way of business by consultation subsided for a couple of hours down consumers' stocks by some between supplier and customer and then picked up spood in 41.70 bid 300,000 Anished tons, or some in the light of general guidance early afternoon. Prices kont 41.54-56 400,000 Ingot tons, in the year, as to policies and priorities. pushing ahead right up to the 40.87 In fact the declinc in these 40.30-32 stocks during the Arzt half-year
ALLOCATION SYSTEM than half this 36.51 bid was rather less Spot cotton was 3.75 a bale figure. higher. Middling
41.80 --Associated Press,
Middling spot 42.88
Associated Press. NEW ORLEANS STEADY New Orleans, Dec. 5. Cotton futures closed steady 25 cents to US$4.35 a bale higher.
December
Tel. Nos. 26661-3.
March (1951)
May
July
October
& ORIENTAL
QUIS
NOS SEPADABI
STEAM NAVIGATION COMPANY
R.M.S. "CHUSAN"
SAILS:
NOTICE TO PASSENGERS...
BAGGAGE:
Sugar Improves
New York, Dec. B. Domestic sugar futures No. 6 closed one to two higher with sales of 124 contracts March
World sugar
May
But the chief argument against detailed allocation of "steci is REARMAMENT
that it is quite unnecessary. It has already been demonstrated What of the effect of rearma-that no midden' and substantial ment? The rearmament pro- increase in real requirements is gramme is still being worked likely, But even if it arose,, the out in Helall and in many cases current level of exports provides a whole series of decisions.has an adequate safety valve, Action to be taken before orders can is already being taken by the be placed for munitions warrant | Industry to limit export de- ing the placing of orders on the liveries in order to increase sup- steelworks for finished steel. plies to the home market.
So far as is known publicly, It is not generally known that
BAL 641 bld the total orders placed for all the industry, at the time when No, 4 items under the new programme general steel was released from closed one higher with sales of amount only to £100 million;] control, entered into a firm com-
65 contracts,
March May July September
spot
futures
5.04 bld
5.04
3.03 id
finish
Transfers shares.
totalled 1,940,000.
Among gainera were Grum- man aircraft, St. Regis Paper, Climax Molybdenum, Erie Rail- road, American Radiator, Bal- timore and Ohio.
Dow Jones Averages! Stocks
20 Industrials
15 Ralla 10 Villities
11
JARDINE, MATHESON & CO., LTD.
FREIGHT AND PASSAGE DEPARTMENTS
18 Pedder Stroot, Tel. 80311.
INDO-CHINA
S.N. CO., LTD.
BAILINGS TO
B. "WINGBANG"
Keou
4.3. "EASTERN
QUEEN"
* “PRONTO" 1.2. "KUTSÄNG" LL, "HANGBANG"
☐☐ "CHUNSANG" ** "PRONTO” 4.4. "EASTERN
QUEEN"
Noon
6th Doc.
Singapore & Calcutta 11 p.m. 12th Dec.
Tiontain
Japan
Bandakan
ARRIVALS FROM
Bandakan
Tientsin
Japan
14th Dec.
16th Dec..
24th Doc.
8th Dec. 10th Doc.
10th Deo.
Cargo accepted on through Bitle of Lading for MADRAS & PONDICHERRY via Singapore and for KUDAT, JEBBELTON, LABUAN, TAWAU, LAHADDATU A BEMPORNA ... vìà Sandakan.
AUSTRALIA CHINA LINE LTD. BAILINGS TO
*m.v. "KAFIRISTAN"
1.
Lao, Brisbane, Sydney, Melbourne & Adelaide 13th Dec.
ARRIVALS FROM
Japan
12th Dec.
m.v. "KAFIRISTAN"
*Cargo accópted on through Dills of Lading to Tasmania, New Zealand and Pacifio laland Porta.
GLEN LINE LTD.
SCHEDULED SAILINGS TO UE, AND CONTINENT
m.v. "QLENARTNEY"
12th January.
Loading Now at Buey A.1. valle 7th for Straits, Colombo, Adan, Suez, Port Bald, London, Antwerp, Rotterdam/Amsterdam, Hamburg. London, m.v. "BRECONSHIRE"
December
Dus
and An-
Loads 22nd December, Salis 24th December, før Straits, Colombo, Adon, Buez, Port Said, Alaxandria, Genoa, London, Rotterdam/Amsterdam, Hamburg twerp. Duo London fet. February. (Carriers option to proceed via other ports to load/dischargo cargo) SCHEDULED ARRIVALS FROM LONDON
m.v. "GLENEARN" m.v. "GLENGARRY" m.v. "RADNORSHIRE"
Leave London
Ballod Balind
Dua H.K.
14th Dec.
24th Dec.
6th Dec.
10th Jan.
INTERMEDIATE SERVICE
Salled
15th Doc.
m.v. "FLINTSHIRE"
PRINCE LINE LTD.
ARRIVALS FROM U.S. ATLANTIC & PACIFIC PORTS
Saite N.Y: Gali 8.P." Duo H.K.
m.v. "BRITISH PRINCE"
m.v. "EASTERN PRINCE"
Bullod
Belled
Balled
6th Dao
EAST COAST, CANADA & U.8.A, via SUEZ
m.v. "BRITISH PRINCE"
12th Dao. 2nd Jan.
Loads 12th Dec, for Japan, Philippinos, Java, Binge pore, Straits, Colombo, Halifax, Boston and New York. Vessat may call at Salgon and Blɛm. m.v. "EASTERN PRINCE"
Loada 2nd Jan., for Japan, Philippines, Java, Balgon Colombo, and Slam subject to inducement, Straits, Halifax, Boston and New York.
Cargo for St John (N. B.) Montreal and Bermuda with trán.... shipment at Halifax or New York,
All the above subject to alteration without notice. their rogleter ..All... Intending Passengers should
the time names.as far as possible in advance of at which they wish to leave.
PACIFIC TRANSPORT LINES
ARRIVALS FROM SAN FRANCISCO
B1.57
223.44
03.02
1.3. "PACIFIC
39,33
3. "CHINA ·
Associated Press.
Chicago Grain Recovery
though a second £100 million mitment that preference would will apparently follow fairly be given to supplies to the home soon. These amounts are small market, This commitment is in comparison with the value being honoured and the industry. B.04 nominal
of Industrial production, which is prepared to cut bicis ita ex- ....................... 0.24 nominal probably exceeds £6,000 million, ports still further for the time
The entire rearmament pro- being. gramme announced
tho by
The. ficxible resources of the Government represents an Industry will, over the whole NY Copper Futures average increase in expenditure field of general steel, convert the December $2.27-4 March
Saturday the 9th December at Noon Raw sugar for the United Kingdom via Straits, Colombo, Bombay, Aden and Port Said.
-Associated Press.
un-
ALL passengers baggage must be
"New York, Dec. 5. sent to the Hongkong & Kowloon
Copper futures closed Wharf Co's Godown at No. 2 GATE,
with aid, this may changed to 1.95 higher CANTON ROAD ENTRANCE BY sales of six contracts. NOON on FRIDAY the 8th DECEM-December BER.
SPECIAL NOTE: With the exception of hand packages carried by passengers themselves ALL BAGGAGE must pass through the Wharf Co's Godown for loading on board by ship's slings only.
EMBARKATION: Will take place on SATURDAY the
ANG ALT
9TH DECEMBER between 9.30 a.m. and 11 sm.
March
May
July
to
of about £280 million over the metal thus diverted into the pro- next three years. Taking ac- ducts in most active demiandat count of prospective American home. It is difficult Indeed. represent £700 with exports at the three million millon of work for British in- Ingot tons a year level, dustry
the OVET
three-year envisago any increase in home. period. This is not a larg® | requirements which cannot bel 25.00 nominal amount, particularly when it 15 met by Umitation of export and
burne la mind that the national re-orientation of production. income rose (in rent terms) about £800 million last year. It may not, however, bo possible
20.23 *#25
23.00 nominal
-Associated Press
Exchange
Rates
Businem was done in the local unomicfal exchange market this morning at the following rates: Sterling noto (per 1
16.00 UL.B. dollar (per #1), Iodontals, guilders (per 100) Shm ticala (per 100) Singapore (Straits)
| FIC" plastres (per 100)
Pacific Far East Live,
Fast Regular Trans-Pacific Servică.
OVERLAND
NEW YORK-CHICANO DETROIT-TORONTO MONTREAL AND ALL AMERICAN & CANADIAN GETING
DIRECT
BAN FRANCISCO, LOB "ANOELEŊ“
hom
Arrives
Balla
Can Franstec
-Dec. 20
Dco, 10
Doc., 10.
Duo, Bi
Dog" 17
Doc. 17 **
VİYESTERN VICTORY*,
¿Straite "BúWARD LÜCKENBACH” (ST) San Francisco
FRENIAVIWAN
ויג
› Yor
SHEFFIELD SHORTAGE ·
Chicago, Dec. 5.. Grains culled in lato trading. after announcement that man- datory controls are not contem- plated for the immédiate future. higher. Wheat closed-1 $2.32; May $2.31%-4
Corn was two to three cents higher.
Oats were 1% to two cents higher
Rye was. two to 3 cents higher.
Soybeans were 2-3 higher. Associated Press,
A steel shortage has developed Demand For Tin And all tho necessary in Shefeld, necessitating resources from additional pro-substantial reduction of export.
deliveries. duction.
to
The president of the Chamber.
Tapers Off
Singapore, Dec. 5.
SUPPLY AND USE
of Commerce, Mr F, Lloyd, Demand for Malayan tin saya the shortage is due in part tapered off today in the Singt- conditions
to diversion of some steel 10pore market. "brimful" employment it is, not meet the new defence... pro-
0.41
4.00
In
27.00
Ban Francisco Via Kobe,
Yokohama de Vancouver Ban Fanateco de Los Angeles Singapore, Pjakarta, Dombay, Karachi M, Danesti #LAT Hàn, Wrenchevo A Los Angelra
present
Gf
Tin brought 4507 (Straits)
to be expected that there can be gramme. It is also being caused per pleul, a drop of $0 from any substantial and sudden in- by the fact that some of the emerday's closing crease in the rate of steel con markets that have been supply- Spot loose sold at $180.00 sumption..
ing Shemerd with steel have (Straits) per pound, up three There has been no liat of any dried up.
cents from yesterday's low drastic redeployment of labour Earlier this year, Mr Lloyd maris-United Press. or lengthening of the working pointed out that a stage had week which alone would give been reached which supply had
rise to such'd development. The overtaken Urmand, but now," he Tin Futures Higher
change over from normal lines
mado supplies
and'
available
10
of output to rearmament items and, the sudden change will; in many cases, disrupt the Stiefeld not qünl to the
flow of production and demand.
thus reduce productivity,
CAR PRICES UP.
Morcover, contrary to general bellet, workers, on armamento, the complex machines of
Derale Deo. D. modern war, uso ices steel per General Motors announced to hour, not more, than the average day an increngo in prices for au worker in the Industries I 1951 model porotor Cars, affected..
The nyeruga 'increase would be comething to loan co thans dve a per
It must be concluded, there fore, from an' axamination of These facts, that the develo
TRANSPORT”.
*.s. "AMERICA TRANSPORT"
TRANSPORT”
de. "PHILIPPINE TRANSPORT” ·
Sails 8.7.
Duo H.K. 22ńíd Desi 16th Nov. 27th Dec.
Sailed
23rd Nov. 29th Doo, Din Deo 10th Jan.
TO TAKUBAR, KOBE, NAGOYA, SHIMIDZU, YOKOHAMA, HONOLULU SÂN FRANCISCO & LOS ANGELES
Balle H.K.
Due 8.F.
12th Jan...
1.L. "PACIFIC TRANSPORT"...... 22nd Deo,
TO MANILA, CEBU-KONE. NAGOYA, SIMDZU, YOKOHAMA & SAN FRANCISCO hila Hiki
:. 29th' Deo, ...TO CEBU & LOB ANGELES A
Balja H.K.
27th Dec,
... CHINA TRANSPORT".
# "AMERICA TRANSPORT"
Due B.F. *30th Jan.
Dus L.A. 22nd Jan.
y Port in '
Through; bills of lading issued to any North America, a to Bouth, American Ports.
JARDINE, MATHESON
18 Pedder Street
WATORMAN
STEAMSHIP
CO. LTD.
Tel: 30311
CORPORATION
MOBILE ALA
USA
WATERMAN LINE EXPRESS FREIGHT SERVICE
FROM US. ATLANTIC COAST VIA JAPAN
#. «. “LAFAYETTE“
1. ». "WAN HAWK!
Duo about 11th Dea 1000°
DIRECT FOR
NEW YORK, BALTIMORE, & PHILADELPHIA
VIA JAPAN & HONOLULUSSRE
New York, Dec. 8. » Tin futures closed 3.00:0.0.80 higher with adier bf 30 contraft. 8, 8. “LAFAYETTE" March mea
Jun...
July
itpit Prese
2. 3. ¿WAR MAWE”.
ALSO ACCEPTING TRANSHIPMENT CARGO FOR.
Bank Quotations WALLEM & CO. LTD.