THE CHINA MAIL, WEDNESDAY, DECEMBER 20, 1950.
11
CO.,LTD
Cotton Price Price Control Warning JARDINE, MATHESON & CO., LTD.
American Business.
RIL On Stranger R.I.
ROYAL
INTEROCEAN LINES
SINGAPORE JAVA
PORTS and
ARRIVALS
MACASSAR
"VAN HEUTZ" •
.fn.
"NIEUW HOLLAND**
22
Port
Dec.
"TJISADANE”
22nd Dro.
"TASMAN"
.24th Dec.
"TJITJALENGKA"
6th Jan, '1
MANILA, EAST &
Only to Singapore, l'enang & B. Deli.
SOUTH AFRICA and
· SOUTH AMERICA
"RUYS"
"BOISSEVAIN"
"THPANAS"
TJIBADAK"
• JAPAN
"RUYS"
"TJIPANAS"
"BOISSEVAIN"
ARRIVALS
22nd Dec.
19th Jan, "GE 25th J.m. 151 1st Feb. '51
ARRIVALS
0th Jan, '1 12th Feb. '51 7th Mar. '51
SAILINGS
21st Dec.
26th Dec.
1st Jan. 63 8th Jan '1
SAILINGS
8th Jan, '1 9th Mar, '61
Ground
New York, Dec. 19.
Cotton futures faltered after
a strong stort but stil managed
to close in higher ground for
the fth day in a row.
UX-
To
Washington, Dec. 19.
Price Chief Michael Disalle told business and industry today to roll back prices voluntarily to
Boom Buying
the Dec. 1 levels and in some cases to pre-Korean Continues On
war levels or face mandatory controls.
|
coatings of tla and other vices which will stretch supply,—Associated Press,
Stock Market
a new
New York, Dec. 19. Stock prices hit 20-year high again todny de-in lively trading. It was
the
The markot took on more of
Mr Disalle said that in general price increases In two-sided appearance in late afternoon. New crop positions above the Dec. 1 levels will not be permitted to a maintained a strong undertone
manufacturer whose net profits before taxes are entering new Beasonn! after highs. Increased technical equal to or above his average profits in the 1946-49 realising and hedge
selling period. sharply reduced the margin of gain in old crop months. The
In distribution trade, both reasoning
among market
and retail, the gross wholesale perts was that the intra-month margina-mark-up above cost price differential may continue may not be increased above the to level off, anticipating even-June, 1050, levels if the dis- hal posible price ceiling re- tributor's net profit before taxes 14th Feb. '51gulations. Nearby March des equal to
or bigger than his livery hit & helght of 43.34.
| 1946-49 average. On the reaction, traders re- called the recent discussion in- Mr Disalle set those general dicating that if any celling price ceilings as "fair standards" on action is decided it might be which he will try
to maintain around 41 cents a pound, since the voluntary price control that is about the average price system over most of the United received by farmers for market- States economy as long an pos- Ings during the mid-November sible. period.
SAILINGS
24th Dec,
28th Jan, 51 21st Jan '51
Agents: HOLLAND EAST ASIA LINE
EUROPE via MANILA
and MALAYA
"LANGLEESCOT" +
"MARIEKERK"
*MELISKERK”
Through B/L loaded to
Mediterranean and Northern European Ports.
JAPAN
"LANGLESSCOT"
UMANIEKEEK"
"MELISKERK"
ARRIVALS
6th Jan. '61 In Port Mid Jan. '51
not calling at Manila
ARRIVALS
22nd Deo.
7th Jan, 51
9th Feb. '51
SAILINGS
24th Dec. 11th Jan 51 10th Feb. '51
SAILINGS
21st Dec. Mid
Earlier the market showed some strength based on lessening fears of immediate price cell ing action. The Census Bureau's on November con- report sumplion was a bullish surprise,
FORD'S COMMENDED
relief
the third straight session of boom buying since Presi- dent Harry Truman put the nation, and especially its industrics, on an emergency mobilisation status.
Washington, Dec. 19. The Economic Stabilisation Agency (EBA) commended the Ford Motor Company today for
Gains ranged from fractions compliance with the auto price! freeze. I pledged that Ford and
As In other firms will be covered by to around 3% points.
DX previous sessions, rais, auto- any
granted General motive and steel shares, with Motors Corporation.
other selected stocks, led the ESA
risc. Valentine announced that Ford has advised ESA has rescinded He warned that mandatory
and shares. controls will
imposed its announced price boosts be
of volun- will refund to dealers the in- wherever violations tary ceilings make such action creased charges on cars still in tccessary.
The co-operation of business The market closed up one to 50 and industry will largely deter- points,
Prices closed today as fol-mine the future need for forced
lows:-
Spot
March (1551) May
July
October
44.10
43.00-43.00
42.62
42,20
30.33
Jan. '51
December
30.04
March (1932)
39.74
nominal
May
30.40 NEW ORLEANS MARKET
Closing rate Dec. 19.
43.00
KING'S BUILDING, ATELEIRONES 1980S, TO BRO17
SECUISINETAGENTSR IN CONNAR
CUMSAN. Spot
AMERICAN PRESIDENT LINES
The Glob
ST. GEORGE'S BLDG.
TO HONOLULU AND BAN FRANCISCO PRESIDENT
*PRESIDENT
WILSON
CLEVELAND
PHONE 28172/5.
in Port.
Arr. Jan. 12
via JAPAN
Balls Dec. 20 Balls Jan. 13
Arr. Dec. 29
via JAPAN
Baila Dec, 30
TO SAN FRANCISCO AND LOS ANGELES PRESIDENT BARRISON
TO NEW YORK, BALTIMORE AND BOSTON via PACIFIC COAST AND PANAMA
MARINE SNAPPER
Arr, Jan. 5 Sally Jan. 6
ROUND-THE. WORLD
Vin Mania, Singapore, Colombo, Cochin, Bombay, Karachi. Suez, Port Said. Alexandria, Naples, Marseilles, Genoa, New York & Boston. "TRESIDENT BUCHANAN”
Arr. Dec. 24 Salla Dec. 25
March (1951)
May
July
October
December
March (1932)
May
42.00-12.00
39.23
control.
While these standards аге at this time, more appropriate severe standards may be peces- sary later.
be
The Economic Standardising Agency which draw up stan- dards served notice that any official
compulsory controls hereafter imposed will calculated on the base period 42.83-42.30 | ending not later than Dec. 1. 42,40
No seller will be permitted any advantage under the regu- lations from price increases made after that date. Prices of gert certain basic materials which increased between June 24 and Dec. I will be rolled back in accordance with the new "fair standards," after which it is necessary to maintain the Dec. price levels in products made from those materials.United
30.09
30.00 bid 30.44 bld
United ProKS,
Offers Of Copra
New York, Dec 19. Sellers offered copra for near by shipment at $225 per ton. C.I.F. the Pacific Const, up $5. indifferent. In Buyers
were
shipment cocoanut oil, nearby TYLS offered at 171⁄2 cent a United pound, F.O.B. mills. Fress.
New York Metals
New York, Dec. 18. Prices in the metal market here closed today unchanged with the following exceptions:-- Tn. grade A 199.80 per cent or
147 hather New York, per lb,
United Press.
The wars our generation has witnessed have brought what wars have always rought-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
S.S. "SIR JOHN FRANKLIN”
ES.S. "FLYING CLOUD”
.
DUE FROM:
New York vis Manila 1nt wook of Jan.
New York via Manila 1st week of Jan.
SAILS FOR:
Pushan, Tsingtao, Taku Bar, Kobe, Nagoya, Yokohama, San Francisco, Los Angelva, New York, Baltimore, Philadelphia, Boston vta Panama Canal, 1st week of *January.
Tsingtao, Taku Bar, Kobe, Nagoya, Yokohama, San Francisco, Los Angeles, New York, Baltimore, Philadelphia, Boston via Panama Canal, lot week of January.
Press.
TRUMAN STATEMENT
Alan Administrator
their hands.
were Transfers
3,050,000
A total of 658 issues closed higher and 232 declined. "We wish to commend your
There was no doubt that the example in meeting your respon- sibilities to the country in this big influence behind the cur-
by emergency
prompt and rent series of bull markets con- patriotic compliance," Mr Valentinues to be President Harry the of how tinc wired the Ford Motor Truman's ouille Company-Associated Press.
country will mobilise to meet the grave international gency.
HONGKONG
SHARE
MARKET
The volume of business on the Stock Exchange this morning was valued at $47,725. The half day's business and noon closing prices were as follows:--
SHARES DUYERS SELLER: SALES BANKS
TIK Bank
127집 10 @ 1250 INSURANCES
Union DOCILS,
610 CLO
C
50
K. Wharf...
Dock
..... 123 Provident Washington, Dec. 10.
... 101 Shal Dock 2 315 President Truman said today LAND, ETC. that the Government will force Shal Land
UTILITIES General Motors to abide by the orders freezing the prices of its 1951 automobiles.
The Economic Stabilisation Board, he added, will tel General Motors to wipe out the recently announced increases of the prices for the 1951 modela Automobile workers will meet with
Government officials Wednesday to discuss wage-price relationships.
оп
The original order to cut back prices to the March 1 level was met by General Motors with a stoppage of sales for 1951 models of Chevrolets, Pontiacs and Cadillacs,
Tram
C. Light (0)
Electric
INDUSTRIALS
Cement STORES, ETC.
Dairy
Watson Lane Crawford
8
1.15
13
2514
200015
10%
1000
8889909
439
ឆនផ
A Quiet Day
In London
London, Dec. 18. Asked whether the Govern- The Stock Exchange droned ment planned to foree auto-through a quiet session today mobile companies to sell their with business restricted by the cars. Mr Truman sald he would approach of 'the Christmas cross that bridge when he came to it.
The law specifles that the Government cannot compel any
to sell anything.United
one Press,
F
PROPOSAL REJECTED
Washington, Dec. 10. Economic Stabilisation The Agency today
the rejected General Motors
proposal 10 end its freeze on the sale of 1051 automobiles if the Gov- ernment allows them to rein- state price increases,
A spokesman for the ESA the said the Agency's order to
to automobile industry
roll back prices on 1951 models to the December 1st levels stands. He asked, "Who is dictating the price control of oui economy-the
or this Agency?""
holiday,
Government issues were irre- gulnr. Industrials were gen-- erally maintained, Mining shares were inclined to drift lower.
emer-
The latter part of December is of rising traditionally a ilme prices in the stock market, some traders point out. The tax cell- ing of a few weeks earlier now has ended and those who were on the selling side bave started bolstering depleted portfolios.
Among gainers were Admiral, Nickel Plate, Northern Pacific, Willys Overland, Baltimore and Ohio, Mack Trucks, American Airlines.
Stumblers included Philip Morris, American Woollen, Gulf Oil, American Cyanmid.
Dow Jones Averages: 20 Industrials
15 Rails...
B.
FREIGHT AND
PA08 AGE DEPARTMENTS 10 Podder Street, Tal. 80$11.
INDO-CHINA S.N. CO., LTD.
"CHUNSANG"
B. "LOKSANG"
B.B. "WINGBANG" 5.D. "HANGBANG"
.. "TAKBANG"
L.B. "HEWSANG"
SAILINGS TO
Tientsin
Kobe, Ocaka, Nagoya & Yokohama
Keelung
Sandakan
Noon 20th Des.
Noon
21st Dec.
Get Dook
20th Deo.
30th Dec,
Stralto & Calcutta
ARRIVALS FROM Japan
P.M. 20th Dec.
26th Dec, 31st Dec.
Tlantsin
Calcutta & Singapore
1.3. "TAKBANG" 1.6. "ESANG"
Cargo accepted on through Bill of Lading for MADRAG PONDICHERRY vin Singapore and for KUDAT, JESSELTON, LABUAN
, TAWAU, LAHADDATU & SEMPORNA via Gandakan..
AUSTRALIA CHINA LINE LTD.
BAILINGS TO
2.5. "BALUCHISTAN"
Fremantle, Hobart, Adelalde & Molbourne
ADDIVA! 4 FROM
13th
Jan.
*.. "DALUCHISTAN" Japan
GLEN LINE LTD.
12th Jan.
SCHEDULED SAILINGS TO UK, AND CONTINENT
my. "BRECONSHIRE".
Loads 24nd December, Salla 20th December, for traits, Colombo, Aden, Buez, Part Bald, Genoa, London, Rotterdam/Amsterdam, Hamburg and Antwerp. London 1st. February.
m.v. “GLENEARN”
Loads 6th January, sails
8th
Die
Straits,
January for Colombo, Adon, Buez, Port Bald, London, Antwerp, Rotterdam/Amsterdam, Hamburg. Due London 14th
February.
(Carriers option to proceed via other ports to load/discharge cargo) SCHEDULED ADRIV ALS FROM LONDON
m.v. "GLENGARRY" m.v. "RADNORSHIRE"
m.v. "PEMBROKESHIRE"
Leave London
Sallad
Ballad
INTERMEDIATE SERVICE
Balled
Duo H.K.
. 28th Deo.
10th Jan.
20th Jan.
(All outward VoDeals accept cargo for Japan)
PRINCE LINE LTD.
ARRIVALS FROM U.S. ATLANTIC & PACIFIC PORTS
Salla N.Y. Balls 3.F. Duo H.K. Balled 6th Dec. 14th Jan.
231.54
77.30
m.v. "EASTERN PRINCE"
10 Utilities Stocks
38.00
85.61
-Associated Press.
London Tin
Market
London, Dec, 19.
Prices of tin closed today af the end of the offelal morning follows:-(Turnover session as
was 70 tons, including five tons for cash.)
Spot tin, buyers Spot tin, sellers Husinces done at Three-montha tin.
buyers Three-months tin,
sellers Business done at Settlement
1200
1,200
1,000
1.085 1.005-1,050
United Prep
LONDON RUBBER
London, Dec, 19. Prices in the rubber futured market here closed today as fol- lows:-
Japanese bonds continued. on
No. 1 rubber, (in cents an uncertain market with fur-
pur Ib.) ther falls of up to two shill- February ings.
March
Five per cent South Man- April/June
July/September churian fell that amount to 33.
October/December Financial Tunes' Index: 115.2. Associated Press,
RUBBER IN NY
New York, Dec. 19. Rubber futures closed today unchanged to 150 points lower con- with sales totalling 78 tracts Dealers said the market
Д General Motors remained thin
affair traders awaited Washington de- In making the proposal, Gen-velopments on controls.
The be spot market eral Motors said it would
ruled dull with willing to make rebates to quotations for Number 1 dealers and customers on ità averaging around 71 cents • cars If an examination', proves pound: that the price Increases were
Prices
closed today BD not juslided.-United Press,
lows:-
Spot
►
March (1951) Moo July
OUT IN TIN USE
Washington, Dec. 19. The Government today order- ed a 20 percent cut in civilian use of tin, offective Feb. i.
71
61-15-52-35 DO-50-14 40-49-1
EAST COAST, CANADA & US,A, via SUEZ
my. "EASTERN PRINCE"
Loads 14th Jan., for Wanishi, Philippines, Java, Salgon and Slam subject to inducement, traito, Colombo, Halifax, Boston and New York,
Cargo for St John (N. B.) Montreal and Bermuda with tran- ahipment at Halifax or New York.
All the above subject to alteration without notice. All Intending Passengers should regleter their names as far as pasalblo in advance of the At which they wish tó leave.
time
PACIFIC TRANSPORT LINES
ARRIVALS FROM SAN FRANCISCO
"PACIFIC
TRANSPORT" 8.8. "AMERICA TRANSPORT"
0.9. "CHINA
e... "PHILIPPINE
TRANSPORT”.
TRANSPORT"
Balls 8.F.
Duo H.K.
Balled
21st Dao,
Balled
27th Dep.
23rd 'Nov.
29th Dec.
9th Dec.
10th Jan.
TO KOBE, NAGOYA, SHIMIDZU, YOKOHAMA, SAN FRANCISCO, & LOS ANGELES
44-34-45
41-14 nominal 30- nominał United Pr255.
E.. "PACIFIC
NOTICE TO CONSIGNÉES
m/ "CYCLOPS"
Damaged cargo ex this veszel will be surveyed at Holt's Wharf be tween 10 a.m, and noon on Decem- ber 20 and 21, 1950, and consignees are requested to have their repre sentatives present during the mir vey,
BUTTERFIELD & SWIRE, Agenta Hongkong, 19th December, 1030.
fol NOTICE TO CONSIGNEES
$4.00 bid
80.00 bid 40.50 bid
United Free.
The regulation, isnted by the will affect the production of tin shaving cans, toothpaste and cream tubes, jar and bottle; lids and other clones, and a
National Production Authority, Exchange Rates
(Transhipment cargo accepted for Jamaica, Havana and other variety of other items including
Cuban Ports, also Venezuela.)
LIMITED PASSENGER ACCOMMODATION AVAILABLE
Above Dates Subject to Change
For Information Apply to:
A.P. PATTISON & CO., INC.
GENERAL AGENTS: CHINA, FORMOSA, KOREA, JAPAN AND HONGKONG,
12-14 Queen's Road Central 4th Floor.
Tel: 25846.
costume jewellery.
However, industry will be
thle
18.30 0.10 4.30
Buthiness we dong in the local unofficial exchange marker morning at the following rates: Sterling note (per) anaten US dollars (për $13 Indonesia guilders (por.100) Blam Virale (per 100) Bingapore (Biralts)/
CONSIGNEES PER
BARBER LINE
m.v. "TALLEYRAND"
are hereby notified that cargo load- ed at Atlantic Coast Ports has born landed at Los Angeles 'under in-
structions from the U.3. dovern ment where it remains at the risk and expense of cargo.''
DODWELL & CO., LTD. Agents.
30.50 Hongkong. 18th December, 1950.
1.740
free to use multitutes, thinner :| FIC plastras (per 100) A 10.55
Pacific Far East Live, Tue.
Fast Regular Trans-Pacific Servico
BIRLOT
SAN FRANCmco, Lon ANGELES
CHINESE AGENTS: /
OVERSEA⠀⠀ CHINESE STEAMSHIP CO., LTD. 43: Borlata Strand West, 1st Floor,
81119.
“EDWARD LUCKENBACH”?” *Y. J. KEUKENBATERIÍ. #CALIFORNIA BEAR”
From
OVERLAND
NEW YORK-CHICAGO DETROIT-TORONTO MONTREAL AND ALTAMERICAN & CANADIAN CITIES
Arrtyis
BAIL
Ban Francisco Ban. Trancisca
Deo. 13
Ben Tenzighou
Ter
TRANSPORT"
Balla H.K.
22nd Doo
Dub 8.F.
19th Jan.
TO MANILA, CEBU, KOBE, NAGOYA; SHIMIDZU,
YOKOHAMA & BAN FRANCISCO --
Salle H.K.
Due 9.F.
* "CHINA TRANSPORT"
20th Doc.
- 30th Jan.
TO CEBU & LOS ANGELES
Bali H.K.
27th Doc. "AMERICA TRANSPORT'......
Duo L.A. 22nd Jan.
Through bills of lading issued to any Port in American Parts. to Bouth North America
JARDINE, MATHESON & CO...
18 Pedder Street
WATERMAN
LTD. Tel: 80311
STEAMSHIP CORPORATION
MOBILE ALA, USA
WATERMAN LINE EXPRESS FREIGHT SERVICE
FROM US. ATLANTIC COAST VIA JAPAN
11. a. “LAFAYETTE”
„Duo about
*K "WAB HAWE".
H
M
216 Dec. 1959 28th Dec, 1950
'
·DIRECT FOR
NEW YORK, BALTIMORE & PHILADELPHIA
-VIA JAPAN & HONOLULU,"
34. "LAFAYETTE”
* L·"WAR - MAWI”
· Earð Doo, 1954
Bari Franciavo & Los Angeles Sizyempre, Djakmeta," Boschny, Wan Treichero de Los Angeles . ARENDOVE, PIkari. Delemio, Bembey, Farachi di Bang
ALSO ACCEPTING TRANSHIPMENT CARGO FOR
GULF PORTS.
WALLEM & CO. LTD.
Agents
Hongkong & Shanghat Bank-Budding