Bullish
R.I. Le Sentiment
ROYAL
INTEROCEAN LINES
• SINGAPORE JAVA
PORTS and
MACASSAR
"VAN HEUTZ” •
"NIEUW HOLLAND“
**TJISADANE"
"TASMAN" ⇓
**TJITJALENGKA”
ARRIVALS
SAILINGS
29th Deo.
22nd Deo.
.22nd Dco,
20th Deo.
23rd Dco,
2nd Jan. '51
dib Jan. '51
8th Jan, 51
• Only to Singapore, Penang & B. Dell.
• MANILA, EAST &
SOUTH AFRICA and
SOUTH AMERICA
"KUYB"
"BOISSEVAIN"
**EJIPANAR”
**TJIBADAK”
- JAPAN
"RUYS"
"TJIFANAS"
"BOISSEVAIN"'"
ARRIVALS 22nd Dec. 10th Jan. '51 20th Jan. '51 1st Feb. '51
ARRIVALS
6th Jan, '1 Tih Feb. '51 7th Mar. '51
SAILINGS
8th Jan, '1 9th Mar. '51 9th Feb. '81
SAILINGS 24th Dec,
23rd Jan, 61 21st Jan: 51
་
Agents: HOLLAND EAST ASIA LINE
O EUROPE via MANILA
and MALAYA
"LANGLEESCOT" ‡
"MARIEKERK"
"MELISKERK”
Through Ba/L issued to
Mediterranean and Northern
European Ports.
D JAPAN
"LANGLESSCOT"
"MARIEKEEK"
"MELISKERK"
ARRIVALS
6th Jan. '51 In Port
SAILINGS
24th Dec. 11th Jan, 51
Mkt Jan. '51
10th Feb. '51
pot calling at Manila,
ARRIVALS
22nd Dec.
7th Jan.1
9th Feb. '81
SAILINGS
20th Dec. Mid Jan. *51
& BRINGS BUILDING, TELEPÜONEST 20015 BTO28011
GETA ROAD, JUSTEESTADIUS PAINO
AMERICAN PRESIDENT LINES
Then
S.S. PRESIDENT WILSON
will sail on
In Cotton
Effect Of Peking's Ban JARDINE, MATHESON & CO., LTD.
On Jap
Economy Uncertainty In
Washington, Dec. 18. New York. Dec, 18.
The United States has spent more than Bulls in the cotton market grasped control of the situation $125,000,000 in Japan, in procurement for the pushing prices up to the highest: level in nearly three weeks, American armed forces since the Korean war Nearby March came within broke out a financial boon which was not fore- the 43 cents level.
All this procurement, including both The failure of the President's | secn.
address and radio
emergency materials and labour, has been paid for in dollars. proclamation to spell out Just what to expect on price controls, This was disclosed today by American officials brought fresh wage of specu- in the discussion of the possible effect on the and other trade buying.
ing. The Japanese economy of China's reported decision to Inflationary sentiment generated ban all exports to Japan and the United States.
lative commission
house, mill
by vast defence spending pro- gramme ahead and the tight situation, on raw cotton supply caused some of last week's la'e sellera to reinstate their posl- tions.
HONGKONG
SHARE MARKET
meant
Coming on the heels of what is in efect American prohibi- tion of trade in the other direc- tlon, Peking's action that Japan's commerce
with the Red-held mainland'
was However. completely frozen, officials doubted that this would have any perlous effect on the Japanese economy within the foreseeable future.
were no plans
Other background fafluentes on the upside included strength In the stock market
plus the re-emphasising ot a gigantic and unfixed call sales position of over 030,000 in March de- livery and the
expectation of multiplylog Government orders The volume of business on for textiles.
the Stock Exchange this morn-economic and noon Congress
So far, there
to Increase the amount of
The Government's Novembering was valued at $50,250. The which the Army
rehabilitation funds
will ask the
to appropriate :for during the next scal year,
As a matter of fact, accord- to officials here, Japan's dollar balance position at the end of this fiscal year in June will probably
raw cotton consumption report half day's business scheduled for publication on closing prices were as follows: use is Japan
is also expected SBARES BUYERS SELLERS SALES Tuesday make a bullish showing.
The question before the trade now is the question of a price ce the
Some quarters kept har
hope that
any Hmlt- ations will come through cellings on prices of finished goods simi- lar to the pattern
followed in World War 1. At that time. ceilings forr dry goods were on
Lo
11
DANICS
HK Bank INSURANCES
Union
SHIPPING
Arin Nav ... 855c NOCKR, ETC. K, Whart Binek
1214 Wheelock. 20 XD LAND, ETC.
1315
15 a 625 334023
00
MK Land
43
Shai Land
1.10
But
UTILITIES
Trotm
Star Ferry
a flexible basis to allow for
changes in
in raw material. pointed out skeptics pointed that during that period the country had n big surplus of raw cotton,
The market opened up 3 to 13 points and thereafter kept on an Irregular upgrade to close around the best levels and up 34 02 points on the day. Prices closed today as follows:-
May
Spot
March (1081)
July
October
December
March (1932) May
44.10 47.90 42.40-42.50 42.03-42.05 30.0 38.54
NEW ORLEANS MARKET
Spot
WEDNESDAY, December 20, at Midnight March (1991)
for HONOLULU and SAN FRANCISCO
via Kobe and Yokohama.
Passengers are requested to board the vessel on Wednesday, December 20, between 8 and 10-p.m.
Baggage-room and Hold baggage will be received in Godown No. 50 of the Hongkong & Kowloon Wharf & Godown Co., Ltd., entrance through Gate No. 2, Canton Road, Kowloon, on Tuesday, December 19, from 9 a.Ta. to noon and from 2 p.m. to 5 p.m.
July
October December March (1052) May
39,25
30.00 bld -United Press.
Closing rate
Dec. 18 42.03
42,30-42.40
41.00
31.88
30.10 bid
Light (0) (XD Electric INDUSTRIALS
Cement
00
2014
2014
Scramble For
Rail Bonds
New York. Dec. 18.
been expected.
The main
effect
of
London Market
London, Dec. 18, Trading on the London Stock Exeliange was re- stricted today by under- tainty
Over
inter- the national situation.
Price
movements wero Irregular
with goli edred Isaacs lower and industrials occasionally firmer, Thero was support for companies considered likely to suffer Jess thon others from shortages
or raw materials. Gorman and Japaneso bonds were dull and min- Ings were mainly 'easier on small cales.
་
The Financial Times' Index: 114.9 Associated Trets.
Wall Street
Registers Strong Gains
New York, Dec, 10. Stocks chalked up strong gains be better than has for the sccond successive session in one of the most the active
trading
since Bessions Chinese "freeze" would be re- 1939, with ickers running flected instead, they thoughi, late through most of the in non-availability
or scarcity morning and for a few minutes of certain commodities needed in the afternoon. to keep Japan's production at its current rate,
of
for
The volume totalled 4,400,000 BARTER TRADING
shares, the most since the 4,800.- Japan has been
000 shares sold on June 27, buying $40,000,000 to
which in turn was the heaviest $50,000,000 worth
goods and mate- since September 5, 1939 when rials from China annually
World War II began. War babies paying
them
the featured throughout in other were commodities on the system
day. Aircrafts and rails stepped balanced trade accounts, which to the fore at the opening bell, is cosc
from essentially a barter arrange- but when both moved ment.
their highs in the afternoon, olis A vigorous scramble for rail- road bonds developed today in
During the first
six months assumed the leadership. one of the fastest trading ses- $23,000,000
of this year Japan received
The industrials average, spurt- worth of imports sions of the year.
ing moro than six points from Red Investors. looking to the mo- principally of coal, salt, cover where it
China consisting two days, has reached a point bilisation programme to push
may challenge its rallrond freight
and peanuts. earnings and
In
celling since 1930. revenues to a new
turn, Communist China all-tinie
receiv- ed back during
the first half of t
Values gained $2,250,000.000 of the year
only $5,500,000 since the President's speech. The and medium grade worth of Japanese goods, In-current rally, according to Wall
42 83-42.85 high, eagerly bid prices
30.42-33.43
37.01 bla
United Press.
Metals In NY
New York, Dec. 18. Prices in the metal market here closed today unchanged with the following exceptions:-
Tin, Grade A (98.80 per cent; or higher) New York, per lb. 140-United Press.
The wars our generation has witnessed have brought what wars have always brought disturbances, unrest and a feeling of general insecurity-that's the way of all wars. Industry and mutual trade-useful pursuits of peace--are the endeavours in the opposite direction. This concern has argued whenever it could, that free access, free intercourse and trade between peoples, contributes to peace and friendliness and security and takes the tension off where diplomats seem to fail. For, when all is said and done, people want the opportunity to work for a living. Trade and industry, free and untrammeled, not only con- tributes to that opportunity, but is a way of life. Vessels of our Line are plainly marked and can be recognized easily when they sail in and out of the principal ports of the world, and we like to feel that they are practical symbols of this philosophy: Isbrandtsen
INDEPENDENT
DEPENDABLE
Regular Sailings from Hongkong to New York, Baltimore and Philadelphia via San Francisco or Los Angeles
DUE FROM:
S.S. "SIR JOHN FRANKLIN" Masila
S.S. "FLYING CLOUD"
SAILS FOR:
New York via Puthan, Tsingtao, Taku Bar, 1st Kobe, Nagoya, Yokohama, week of Jan. San Francisco, Los Angeles, Now York, Baltimore, Philadelphia, Boston
via Panama Canal. 1st week of January.
New York yia Tsingtao, Taku Bar, Kobe, Manila lat Nagoya, Yokohama, Вал week of Jan. Francisco, Los Angeles, New York, Baltimore, Philadelphia, Boston via Panama Canal, 18t week of January,
(Transhipment cargo accepted for Jamaica, Havana and other
Cuban Ports, also Venezuela.)
LIMITED PASSENGER ACCOMMODATION AVAILABLE Above Dates Subject to Change
For Information Apply to:
many low issues up from fractions to nearly three points,
One of the few issues subjer- ted to any
appreciable selling Manila pressure,
Railroad Southern Lines Fours dropped 3 points to 50 50- einted Press.
beans
re-
in
cluding texities, animal and
and Street
tho circles, reflected products, vegetable
non-fer- belief that Mr Truman's talk was rous minerals and machinery, not as far reaching as many had This left Communist China expected. The reinvestment of with an untouched credit funds by many who had sold re- drawn from only in goods helped to swell the volume. $18,400,000 which could be
cently, plus short covering,
United Press.
Wheat Harvest Formosan
In Spain
Madrid, Dec. 18.
The Agriculture Minister fold Trade
the Press today that Spain's wheat harvest was, proceeding favourably, although there had been some difficulty with farmers who failed to turn in their crop quotas to the Government as required by law,
The Government had decreed extraordinary penalties for farmers who failed to turn In quotas by Dec. 15.-United Press,
Tokyo
With
Ryukyus
Naha, Okinawa, Dec. 18. Four Chinese trade officials are here from Formose negotiat ing a trade agreement with the Ryukyus.
Trade talks began on Satur day with the Chinese Nationalist
Petition delegation led by Mr Yu CH-
Tokyo, Dic, 18.
The Chamber
The
U.S. military governme commerce and industry
of Commerce Mr Carney G. Laslie, who
Dow Jones averages
at the
end of the session stood as fol-
lows:
50 industrials
231.01
20 rails
76,01
15 utilities
39.03
40 bonds
102.33
Uniter Press.
Dullness In
FREIGHT AND PABB AGE DEPARTMENTS
8 Pedder Street, Tel. 80311.
INDO-CHINA S.N. CO., LTD.
*.*. "CHUNGANG" KK "LOKBANG"
RK "WINGSANG" EL "HANGSANG" KR "TAKBANG".
S... "HEWBANG" *.*. "WINGBANG" 0.3. "TAKSANG"
BAILINGS TO
Tientsin
Kobe, Osaka, Nagoya & Yokohama
Keoug Bandakan
Straita & Calcutta
ARRIVALO FROM
Japan
Klejung
Tiantain
Noon
20th Das.
Noon 21st Dec.
-24th Deo.
26th. Doo.
20th Doc.
20th Doc. 20th Deo. !
24th Deo.
MADRAS &
SEMPORNA via
Cargo accepted, on through Bills of Lading for PONDICHERRY via Singapore and for KUDAT, JESSELTON, LABUAN, TAWAU, LAHADDATU Sandakan.
::1
AUSTRALIĄ CHINA LINE LTD.
BAILINGS TO
"BALUCHISTAN"
Fremantle, Hobart, Adolaldo & Melbourne
ARRIVALS FROM
6.8. "DALUCHISTAN" Japan
GLEN LINE LTD.
13th Jan.
12th Jan.
SCHEDULED SAILINGS TO UK. AND CONTINENT
m.v. "BRECONSHIRE"
Loads 24nd December, Saile 20th Decembor, for Straits, Colombo, Aden, Buez, Port Bald, Genoa, London, Rotterdam/Amsterdam, Hamburg and Antwerp.
London Sat. February.
m.v. "GLENEARN"
Loada 6th January, 8pito
Duo
8th January for Straits, Colombo, Aden, Buez, Port Bald. London, Antwerp, Rotterdam/Amsterdam, Hamburg. Due London 14th
February.
(Carriers option to proceed via other ports to load/discharge cargo) SCHEDULED ARRIVALS FROM LONDON
m.v. "GLENGARRY" m.v. "RADNORSHIRE"
Leave London
Balled
Duo H.K.
28th Doc.
Salled
10th Jan.
in Port
20th Jan.
INTERMEDIATE. BERVICE m.v. "FLINTSHIRE" m.V. “PEMBROKESHIRE"
Ballad
(All outward vessels accept cargo for Japan)
PRINCE LINE LTD.
ARRIVALS FROM U.S. ATLANTIO & PACIFIC PORTS
Balle N.Y. Salta 8.F. Duo H.K. m.v. "EASTERN PRINCE" ..... Balled 6th DEC. 14th Jan.
EAST COAST. CANADA & U.S.A. via SUEZ.
m.v. "EASTERN PRINCE"
Loude 14th Jan., for Wanishi, Philippines, Jave, Balgon and Slam subject to inducement, Straits, Colombo, Halifax, Boston and New York.
Cargo. for Bt John (N. B.) Montreal and Dermuda with tran- shipment at Halifax or New York.
All the above subject to alteration without notice.
All Intending Passangers should rogleter their namos as far as possible in advance of the time at which they wish to leave.
The Rubber PACIFIC TRANSPORT LINES
Market
New York, Dec, 18. Dullness featured the situation and Industry on Monday peti- handling the negotiations for the in the rubber market. Trading tioned General MacArthur's Ryukyus, sald Formosa and the in futures came to a complete trade officials to intervene with Ryukyus did good business be- standstill while only a token the Union of South Africa for fore the war. We hope the amount of business materialised lower cotton and woollen finish way is found to catablish
Futur In the spot market. repl. ed goods import duties.
procal trade in many raw and closed nominally 100 to The Chamber of Commerce
semi-finished products."
points higher. A firmer under- contended South Africa had Intyres, fresh and salt fish and the strength in the securities The Ryukyus hope to sell one was largely a reflection of creased tariff rates by 10 to 50 phosphate rock to Formosa and market and a long list of other per cent last August, causing a buy cypress tea, cement
and commodity markets, virtual suspension of Japanese edible oils.-United Press. exports to that area-United Press.
Bank Quotations
In New York
New York, Dec. 18. Bank quotations:
Dank of America Chase National National City
bid asked
2816 77
Associated Press.
Exchange Rates
ARRIVALS FROM SAN FRANCISÇO
2. "PACIFIC
TRANSPORT”
.. "AMERICA TRANSPORT".
4.6. "CHINA TRANSPORT"
6. "PHILIPPINE TRANSPORT"
Balle 8.F.
Die H.K.
Balled Safted 23rd Nov.
21st Dec.
27th Doc.
29th Doc.
0th Doc.
10th Jan.
TO KOBE, NAGOYA, SHIMIDZU, YOKOHAMA,
SAN FRANCISCO, & LOS ANGELES
Bella H.K.
Dup 8.F.
19th Jan,
"PACIFIC .TRANSPORT"...... 22nd. Doo TO MANILA, CEBU, KODE, NAGOYA, SHIMIZU,
YOKOHAMA & SAN FRANCISCO ****
Salis H.K.
Due 8.F.
Prices closed today as follows:
2.3. "CHINA TRANSPORT"
29th Dec.
30th Jan.
7114 *73.00 bld
TO CEBU & LOS ANGELES
69.50 nominal
51.00 nominal
"AMERICA TRANSPORT"
Balls H.K.
27th Doo.
Dúo L.A.
22nd Jan.
Spot December
March
SUGAR IN NY
May July
New York, Dec. 18, World sugar futures, closed today unchanged to 9 higher, with sales totalling 180 con- trácia.
Contract No. 6 closed un- changed to 11 higher, with sales totalling 141 contracts.
Prices clased today us follows:
Contract No. 4 (World) Janitary (1961) 1340 nominal
5.38-5.40 traded 037 bla 1.36 0:40
Contract No, s
May July Business was done in the local unofficial exchange markot
this Spot morning at the following rates:goo Sterling note, (per £)
1538 | January (1033) U.S. dollars (per $1)
4.005 March Indonesia guilders (per 100) Bam tiénia (per 100) Singapore (Biraits) FIC' plastres (per 100)
4.30 MAY 21.50 July 1.74 Spot 10.075
1.30 nothin 1.65 nominal BUT `bid 5.70 nominal
---United Press.
Wage Increases Given Spain's Civil Service
Madrid, Dec. 18.:
The Government's Council of Ministers ended
47.00 nomināl
-United Press.
SINGAPORE MARKET
Singapore Dec. 18. Prices in the rubber futures market, here closed today as
Number 1 rubber, per th follows:
December
Number 1 rubber, January
(1851)
Number 1 'rubber, February Number 3 rubber, December Number 3 rubber, December
Number & rubber, December Spot rubber, unbaled ... Black Crepe
No. 1 pala crepe siit
alted
176-147
173-173
NOTICE TO CONSIGNEES
m/r “CYCLOPX"
“Damaged cargo ́er this-wasoch - will be Burygyed" "fantry" Wharf be tween 10 2.m. and noon on Decem ber 20 anti 13, 1920, and consignees are requested to; have "thair ›zupres mexitatives/prosent during tha mir-
BUTTERFIELD & BWIRE, Aganie Hongkong, “Mbi” December, '1960,"
a two-day session today by adopting a number of |NOTICE.AND. CONSIGNEES decrees, including one providing a general wage
A.P. PATTISON & CO., INC. increase for Government employees.
GENERAL AGENTS CHINA, FORMOSA, KOREA, JAPAN AND HONGKONG,
12-14 Queen's Road Central 4th Floor. :
CHINESE AGENTS:
OVERSEA CHINESE STEAMSHIP
48 Bonham Strand West, 1st Floor.
Tel: 25840
Wago rises will range from A. 1,000,000-pereta fine, was 20 to 10 porcent and employees imposet on a flour mill and will receive ather benefits, suppllch and other equipment notably bonus. Permanent Christmas ordered stized.
Imposed
ני
The Council also
CONSIGNEED
BABDER LANE... MN. *TALLAYBAND”
are hereby notified that cargo load- ́ed at Allantið Const-Phyfa' has been ended at Los Anguish, under in fictions from the illa Govern yment. "whore 19 remains at. the rÜK
a disclosed that two heavy fines on industrial Ministers a report on the Inter- and expense of cargo south
deneralissimo Franco" gave the firms for tax law violations.
The Holding Company of national situation.
CO.,
LTD.
| Solla was,fined 2,090,000 pereina No decisions were, reported
Tels: 20127 & 81119.
and ordered to perro insoutap, to have been taken in the nola
BODWELL-
Ageh
turing fertiliser in flame of foreign relations, Unked Hongkong, 15th Deceishar, 1900.
any. Port In Amerloan Ports.
Through billa of fading Issued to
South North America a to
JARDINE, MATHESON & CO., LTD.
18 Pedder Street
WATERMAN
Tel: 80811
STEAMSHIP CORPORATION
MOBILE ALA UŠA
WATERMAN LINE EXPRESS FREIGHT SERVICE...
FROM US. ATLANTIC COAST VIA JAPAN "LAFAYETTE".
‚'a. "WAR HAWI”
Tho about
DIRECT FOR
iu
Tint Dood 195
28th Doc. 1950
NEW YORK, BALTIMORE & PHILADELPHIA VIA JAPAN & HONOLULU.
«'«. "LAFAYETTE”-- KĀM, “WAR HAWK"//
Balls about
22nd Den; 1950 20th Dec 1959
ALSO ACCEPTING TRANSHIPMENT CARGO FOR
GULF PORTS CAT
WALLEM "Co. LTD.
Agents
Hongkong & Shanghai Bank Building wind
Telephones-88041--5.