Shipment Of Rubber To Russia
London, Jan. 7,
Great Britain shipped 9,878 tons of vital raw rub- ber to the Soviet Union in the first eleven months of 1950, trade figures disclosed
on
Saturday, Total value was $6,254,001.
The shipment of rubber, an material, was exential wor
THE CHINA MAIL MURUJINIJAL, JAKAVAJANAN & 4 1701.
Russian Steel KOREAN WAR
Production
Moscow, Jan. 7.
Russia has exceeded her 1050 steel production goal by 2.2 milion metrio tons, Ivan T. Tovosyan, Minister of Ferrous Metallurgy, re- ported_yesterday. — Asso. ciated Pre55.
HONGKONG
SHARE
MARKET
The volume
BANKS
.
BRINGS US Agency
INFLATION IN BRITAIN
(OUR OWN CORRESPONDENT)
London, Jan..5.
This year,
New Year is a convenient time to pause and reflect.
The reason for this is however, the pause has bech shorter than usual. not that there is less than usual to reflect on but that events are moving - are a luxury we cannot so rapidly that pauses →→
even for reflection afford.
Everything is
Even the most cursory glance at trends of the past few months,
inflation. however, points unmistakably to one thing rising commodity prices, share prices and profits.
All commodities, from aluminium to zinc, cost con of busines onsiderably more at the end of the year than they did last more than 20 times the amount! exported to Russla in the same the Stock Exchange this morn- period in 1949 and an even more tag was valued at $83,040, Noon January. Some of the more spectacular increases were tremendous jump over the total closing prices and the half day's for copper which rose from £153 a ton at the beginning sold in 1948, Government figures business were as follow:
of 1950 to £202 a lon at the end of the year; nickel from showed that in the Best eleven SHARES BUYERS SELLERN HALER £321 108. a ton to £406; tin (spot) from £600 a ton to months of 1040, only 482 tons)
B 110 £1,157; tungsten ore from 90-958. a unit to 390-410s.; were exported, and in the same
zinc from £87.10s, a ton to £151; cotton from 29.65d. a period in 1948, only 379 tons.
pound to 47,8d.; rubber from 15d. a pound to 558.; and wool from 128d. a pound to 265d. And these are only a few of the commodities that are in everyday uso in essen- 33400 of 12 tial industries throughout the world.
HK Back.. 1170 pocks, frc. K Whart Wheelock
Ofeinlly, the sales were listed under "exports of importet merchandise." A Board of Trade, LAND, ETC spokesman explained this mean
HK Lond S'hat Land
the rubber was originally Im-UTILITIES ported by Britahu, presumably 'Tran: from rubber-producing Malaya, Light (C)
10 the Soviet Union without any processing
and
here.
exported
05
18
700 @ 18 100 15 100 10 200 or 10
Good dividend announcements by Shell Transport and
For Control RL.
Of Industry
Washington, Jan. 7. within 120 days, Mr William 11. Harrison's new Defence Production Administration will coverted into a probably full-fledge central. Industry Control Agency modelled after the war production Board of World War Two.
A new Federal building with 1,000,000 square feet of floor space, now being completed for the Genéral Accounting Omice, is being earmarked instead for Royal Mr Dutch in the oils section and by Headquarters and is expected Harrison's Production
"Blue Circle" cement in the staff of several thousand per- building materials scolion gave sons. the Stock Exchange a good start
By May 1, oficials said, it is planned that the various agen clea in the regular government departments which now look to Me Harrison for policy guidance will be merged into its agency,
to the year.
Oll shares went ahead and most cement shares registered good gains.
a revival of in- There was terest in the gut-edged market and gains of a quarter were rec recorded. Nationalization stocks
creating the БРА on were in demand and the invest Wednesday, President Truman ment demand sprend to the gave Mr Harrison control and supervisions over these agen- Colonial Stocks Market.
cles, but did not consolidate them physically.
The events which caused | The Financial Times trend of these
which includes enormous increases can profits table
In Foreign Bonds, Brazils' ahead but elsewhere the be summed up in one word-3,581 companies showed aggre- went Kores. The outbreak of war gate profits of £1,389,000,000. market was patchy. in Korca
Juno was the This is £130,000,000 up on the Aircraft shares advanced on signal for a hectic scramble for previous year's figure, supplies. Private manufac turers-fearing the spread of
5000 g 1.08
11 1000 e 1035
4.25 500 49
200
500
C. Light
B Shure
0
C. Light (N) Electric..
3.70 2214
INDUSTRIALS
Cemion:
1112
Jup
13
the
20 500 Go 20 100 20
vital
200 @ 20
320
2
Must
from Great exports Brituin are sold under striet Government licensing. Working
en-eperation with the United STORES, ETC. States, Britain has banned
tial
no
sale of a long list of war poten- materials to Communist nations. But this country exer- cises controls over the ship- ment of rubber to Hustla,
Recently, the Conservative Church!11. Party Leader, charged, and the Labour that
Government
Mr
admitted,
Wakum
1. Crawford
MISCELLANEOUS
Yanglare...
last
to
PROFITS INCREASE
to
In
morger
during the
It was loarned no such atop special factors-hostly relating was taken because Mr Harri
mobilisation director to the dafence progmmme, con and The bulk of this increase was Hawker Siddeley shares dropped Charles E. Wilson felt an at- 500 @ 1255. the war and complete break- accounted for by companies after announcement of disap-tempted
down
in supplies of certain comprising the industrial sec-pointing resulta but rallied "growing stage" of the agencies vital commodities-began
might delay the mobilisation Profits of inter.
timolable by 00 days or more. rebuild the stocks which had tion of the table.
motor and aircraft industries Elsewhere in the Industrial sunk 10
-Associated Press. an abnormally low
were 32 per cent. or £14,000,- section interest was selective. level. At the same time the 000 up
at £50,000,000. Many Plastics continued goin American Government acceler-
rother Industries it's plan to accumulate a
showed profit- support in the belief that plas
30 per cent. tie will take the place of metals Increases of over vast stockpile
strategic
Chief among these were build- for articles whose manufacture competitive materiais. Highly
is not prohibited. Paint Shares up the prices,ing and building materials in- bidding forced
Nineteen industrial declined further due to fears of and shortages
automatically dustries. developed In September most groups shared in this prosperity.zine shortage.
Copper shares were in de- of the Western Governments Only a very small minority re-
on the mand but Eastern rubber and announced their plans for in-corded reduced profits
tina were lower on war dears—| creasing the output in defence year's trading.
Prosperity in
London Express Service. equipment and the scramble
ducing industries began to get out of hand.
NEW YORK
British factories were turning COTTON
out lopis, including those to repair Lanks, on order from the
Soviet Union.
such Later,
orders were embargoed,
The rubber shipment Agures
lid not include the amount of rubber which the Soviet Union
Tankers For
Defence
MARKET
New York, Jan, B. Colton futures turned irre-
price
Old
controls
⇓
vast
of
steady tone. Commission house make this possible, to
March (1951)
May
July
October
Washington, Jan. 7. Tho Government announced December
a plan yesterday for voluntary March (1952)
for
44,06 43.02 - 43.00 42.05 - 42.70
$2.27
20.70
29.33 - 39,34
na-
May
N.Y. STOCK
ed
EXCHANGE
allocation of tankers tional defence needs
Tho plan, drafted by the f Maritime Administration and the Interior Department's Petro- leum Administration for De- fence, will be proposed to the oil industry at a public hearing on Jan 18.
New York, Jan. 6.
Is a
primary pro- was reflected in an increase in profits of rub- which rose by ber companies
£11,000,000.
scale.
on
US
METAL PRICES
60,5, cents a pound, orne, U. S. duty included.
Platinum, $90 2403 Ounce wholesale; $93 retall,
Silver, 80 cents, nominal, New York; 70 pence, London,
Tin, $170
pound, New York." dask, nominal.
Quicksilver, $150 to $153 a
Tungsten ore, $58-$60 a ton unit of 20 pounds, nominal, New York-Associated Press.
ef Nickie cathodes, Port Col
a
At the end of 1950 we were purchased directly from Malaya, gular and quiet near the close on well on our way back to a war-
to In Britain and £25 million Some sources extimated this at Saturday after a lower and ac-time economy.
controls uncertainty America
were 32,588 tons in the first eleven tive opening. The
in- Gold mines reflected the effects months of 1950 as compared to over
a rise in brought troduced to ensure that essen- of devaluation with 43,414 tos sent to Russia for general liquidation at the open-lal industries that is, those profits of £15,000,000 to £44,- in defence production 000,000, und ather mining the entire year of 1049.-As- | inst
Crop deliveries suffered
be not the widest losses with distant
hampered by sociated Press,
New York, Jan, 7, by groups returned better figures deliveries
fairly the lack of raw materials To though showing
Non-ferrous metals prices; more moderate
Zinc, 15.50 cents East St. buying helped in steady new of certain non-essential
Although carnings available Louis; 18,22 cents, New York; containing copper,
zine
or brass for distribution .on industrial foreign, 22 cents nominal, Gult Crop months.
of combination The market opened unchanged (which
of ordinary capital rose by 12 per ports to 25 points lower and closed 24. both) was banned. America, la cent, the amounts paid in divi- Aluminium, 19 cents ingots; points lower to 18 points higher. an effort to bring down the dends were only 3 per cent. shipping point; pigs, 18.
price of one sterling area Prices closed toxlay as follows;
arca com-
Antimony 35.2 cents cased, higher, said the Financial Times Spot
modity and to ensure supplies
figures, how-nominal, New York; 32 cents Review. These to ercontial users, doelded on
not reflect the full bulk, Laredo, Texas, the bulk purchase of rubber, ever, may
Ferromanganese, 78 to 72 per The end of
of the post-war extent of the breakdown of the
which Centa, $185 a gross ton, shipping 36.15 omiaal were forecasting at the begin-was
trade boom which many people dividend freeze policy
becoming apparent to- Dolnt. 30.00 -United Fren
Wards the end of the year. ning of the year was postponed indefinitely. Indeed, trade in- Taxation, which rose during creused as a result of the de- the year by another 5 per cent., fonce effort. This was reflect- reduced the total amount of in the rise of most share profits by 40 per cent. Depre- ciation provision, which rose by prices.
Industrial ordinary shares nearly 20 per cent., took over led the field in this upward 14 per cent. After provision The stock market moved trend. The Financial Times for dividends, which took un- calls for a mathematical back a pace on Saturday, after industrial index rose from 106.4 der 10 per cent., the remaining pro rata distribution of then rush to new twenty year at the beginning of 1950 to 118 35 per cent. was ploughed back shipping burden
the highs earlier this week. Trading between September and 160 U. S. flag tankers and any tempered by light attendance in November before foreign vessels that might be the Street and some
dropping TROSPECTS FOR 1951 caution
slightly to 110.2 at the end of included nonst vessels of over
content of Mr Tru-
The trends which are out- the year. Lanker owners and charters and mun's State of Union message
Axed
lined above give some indica- The
interest plan, on Monday was at the quietest which stood participating in the
index at 121.5
tion of the prospects for 1951. at the Associated Press.
level for the two-hour Satur-
beginning of the year rose to
It should be remembered that day session since December 2. 124.32 towards
the
end
the period covered by the ac- A total of 1,160,000 shares were November and stood at 123.00 counts on which the table of traded, compared with 1,530,000 at the beginning of December. prodis was calculated
was one on last Saturday.
The Government securities in- of rising prosperity. Industry
Singapore. Jan.. 6. Utilities edged forward a tridex rose from London, Jan. 0.
105.80 at the was reaping the benefit of de-
Prices in the rubber futures fte in average, while rails and beginning of 1960 to its highest valuation, and American busi- The Economista fortnightly industrials registered
market here closed today as a small point of 109.07 towards the end ness activity was
at its height follows: commodity decline, General average show-of October and at the end of and this, together with the in-Number rubber, per ib. prices continued to advance for ed deficit of 12 cents at the year stood at 107.18. creased American demand for Jammry (1091) the fortnight ending December $88.89. On the week, the
DEALINGS INCREASE 27, it stood at 213.3, compared valuations showed
bolstered up materials,
· 184-109 with 211.31
Gold mine shares were the exports and helped to increase Number rubber, January 190-104 of nearly $2,000,000,000. It has risen 28.8 percent since
The long Dow Jones average at the exception to the
expected Number 1 rubber, January 180-179 genetal rule profits.
180-101 the Korean war-United Press. end of the session stood as of rising prices. The index of trade recession at Home falled Number 4 rubber, January
Spot rubber, unbaled these shares rose from 134.8 at to materialise. Most follows:
Black crepe 240.00 the beginning of January, 1050, materials were in plentiful No, i pala crepo
78.91 to 138.49 two months later but supply and the main concern of 41.91 then dropped sharply until It industry was how to increase 102.81 stood at its lowest level of 110.-output to meet the undiminish-
64 shortly before Christmas. Ing demand.
It
nmong
Commodity Prices
index of wholesale
on December 12.
the
50 industriats
Metal Market Prices
20 rails
15 utilities
40 bonds
New York, Jan. 6.
an increase
of
into business,
raw
raw
Prices in the metal market Dusiness was done in the local The gold development shares But the picture has changed here closed today unchanged | unoMelal exchange market this index, on the other hand, stood drastically during the past two with the following exceptions: morning at the following ratce:—
16.40 at 82.74 at the
Sterling note (per £)
Tin, grade A (90.80 percent US dollars (per 1)
or higher)
New York, per lb.
United Press.
end of 1950 | or three months. Acuto raw material shortages have dvelop-
Singapore Rubber Market
February
190-109 180-190
Trade Delegation In Moscow
Landon, Jan 7 A Rumania trade delegation arrived in Moscow today, ac- Moscow Radio cording to a
in received
Locion
message
tonight-Reuter.
ROYAL
INTEROCEAN
• SINGAPORE JAVA PORTS and MACASSAR
“NIEUW HOLLAND"‡....
TJITJALENGKA” "VAN HEUTEZ” **
"TJISADANE” *TASMAN"E
to Singapore & Javn.
ARRIVALS
LINES
SAILINGS
22nd Jan,
III
Fort
In
Port
0th Jan
11th Jan.
16th Jun
22nd Jan.
27th Jan.
.23rd Jan.
only to Singapore, Penang & B, Dell, only to Singapore,
O MANILA, EAST &
SOUTH AFRICA and
SOUTH AMERICA
"RUYS" "BOISSEVAIN” "TJIPANAS” "THRADAK"
O JAPAN "RUY8"
ARRIVALS
. 19th Jan. ,27th Jan, .28th Jan.
ARRIVALS
$ via Japan,
14th Jan,
7th Mar.
"TJIPANAS"
"BOISSEVAIN”
29th Jan,
SAILINGS
15th Jan, 9th Mar, 10th Fob.8
SAILINGS
10th Feb.
21st Jan,
Agents: HOLLAND EAST ASIA LINE
• EUROPE via MANILA
and MALAYA
*MARIEKERK” "MELISKERK”
“AAGTEKERK”
ARRIVALS
10th Jan
4th Feb.
issued to
Mediterranean and Northern
Through Be/L
European Poris.
O JAPAN
"MARIEKERK” "MELISKERK" "AAGTEKERK”
ARRIVALS
9th Jan,
9th Feb.
Early Mar.
SAILINGS
11th Jan, 10th Feb.
Early Mar.
SAILINGS
15th Jan..
8th Feb,
SEKINOSE BUILDING STELERKONS, UMG TO THOTRE
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 untrammelled, 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. "FLYING TRADER"
S.S. "SIR JOHN FRANKLIN"
100-200 S.S. "FLYING CLOUD"
162-184 207-313
United Press.
NOTICE TO CONSIGNEES
Consignees per
“DENLAWERS"
0.1% compared with 78.42 in Julyel at a time when the switch-are hereby noted that their cargo
Indonesia gulders (per 100)
4,550
158.-lam ticals (per 100)
20.20
1715
11.704
Singapore (Straila)
FIC plastres iper 100)
New Steel Works
veyors, Mers Carmictici
and
sind 14.73 in September.
over to rearmament production is being discharged into the Hong But perhaps the most accu-
is causing a certain amount of kong & Kowloon Wharf & Godown rate guldo to the Market'a
dislocation in industry. The need Co's Rodown, where it will be at reaction to the international
Consignees risk and subject to conserve supplies of raw the Wharfa terms and condition of to situation was reflected in the number of dealings recorded materials and to ensure that in-storage, and whers delivery day of
dustries engaged in rearmament obtained. cach day on the Stock Exchange. production are not slowed down Damaged packages are to be left These figures show that Stock for want of material, will cause in the Godowns for exambution by Exchange activity Was at its a recession in those Industries Congeen and the Company's sur height during the three months which cannot obtain supplies. Clarke, at 10 am, 10th January, September-November that is This will particularly affect 1951. during the time when Industry industries engaged on producing To comply with the General was anticipating a period of consumer goods for the home Bonded Warehouse Regulations, prosperity due to rearmament market.
Another danger is that many dutiable goods are examined. Good progress is being made with the con-orders. struction for Dorman Long and Co., Ltd., of the the outbreak of war in Korea the lack of fuel and power. The In the three months following industries will be hamstrung by new steelworks at Lackenby, Middlesbrough. It the Market was in a high state coal crisis in Britain is now is hoped they will be in production before the end of nerves. Dealings sank to an matter of grave concern.
For Dorman Long
of 1952.
The estimated
London, Jan. 7.
Conaigunes must have a Revenue Officer in attendance when daranged
No clatras will be admitted after
godowns, and all goods remaining undelivered after the 11th January, the Prime 1951 will be subject to rent.
Д
the goods have left the steamer's
During the week average dally figure of just over Minister. Chancellor of the All claims avalest the stemmer 2,000 in July and August. But In September-the month when Exchequer, the Minister of Fuel must be presented to the under- on or before tho 5th and Fower and the Colonialighed cost of the Important economies In fuel the British Government Socretary, Mr James Grinths, recognised.
January, 1051 or they will not bo work is £0 millions, and the consumption have been secured nounced it would spend £3,- (an ex-miner) met leaders of No Fire Insurance will be effected;"" output 10,000 tens of ingola a at the Cleveland works largely co0,000 on defence in the next the coal-mining industry to dis- week. The four steel furnaces, by the installation of new bollers three years and the United us ways and means of increas cach with a nominal capacity.of and pass-out turbo-alternator Nations forces in Korea began Ing the output of coul: With 300 tons,
will be the largest and by the conversion to higher their big push northwards stooks at an alarmingly low level tilting furnaces in Europe and pressure steam of other turbines
than any in in the power station. The coal business on the Stock Exchange the country was faced with
that fuel orials as bad, if not worse, equivalent
up sharply. In of the boiler fuel picked
After the month
the figure for average than that of 1047.
to daily dealings
to nearly
meeting the minors promised TOSO
11,000 in co-operate to meet Mr Attlee's
verted into a
percent
4
probably larger America.
The work began in November, consumption was 0.40- 1940. The stripper building is lower in 1940 than in 1940, and 12,000. It averaged now erected und has been con- during this perlos the output off october and November but request for further 3,000,000
rolled a structural en-
stoel increased, by 20,6 gincoring shop whero the percent. This is equivalent to dropped again to 8,508 in De tons of coal by Aptil with
the news from maximum increase in production mombers required for the melt a saving, of 22.0 percent in the cember when
the next two critical during ing shop are
defeat for the months, being
consumed. for made. The coal
steam Korea Indicated foundation work for the furnaces rising for every ton of rolled United Nations.
Meanwhile with the stress Despite la well advanced, and the frame-i stcol.
high
commodity that is being placed on slechtpil work of the melting-shop, build-
prices industrial concerns were log and with the: Industrica of completing procede locision energy imported by year's busingas. Gross trading a maximum output of defenco During the same period, the able to suport a satisfactory many countries geared to achieve the works linked with the works at Redcar, the works from the national profis.. oct.companies which souljunent, primary producers of and Cleveland, so that they will arki fall from 773,000 to 163,000 Issued their accounts : in 1960 all kinds wall cominus 10 bened:
! become virtually a contumacia multa a week, equivalent so i wed up by:10 „per cent."on" from
the abnormally perion of production unite, reduction of 100 tone of cost. prayloum accounting periods, I demand for saw saaterials,
..When
W. R. LOXLSY & CO. (CHINA) LTD, Agonti, Ben Line Steamers, Ltd. Hongkong, 8th January, 1901.
NOTICE TO CONSIGNEES
1. " JOHN FRANKLIN" Voy-11 KK "FLYING "CLOUD” -
Top 10
Consigneca of cargos' dudeftrad
to North Chine ports: an rublect Bomb or expenses etc. vesels are hereby advised that a puoli oregons hero bawa, dlacharged
to b9, KOCOURT ON 201
A. PÅ TAITBON 'A-00, "INTO. Akola,
DUE FROM:
New York via Monija Jan. 18th
New York via Manila Jast week of Jan,
New York via Manila last week of Jan,
SAILS FOR:
Kobe, Nagoya, Yokohama, San Francisco, Los Angeles, New York, Baltimore, Philadelphia, Boston via Panama Chaol. Jan. 19th
Pushan, Kobe, Nagoya, Yoko- hama, San Francisco, Los Angeles, New York, Baltimore,
Boston Philadelphia,
via Panama Canal. Last week of Jan.
Kobe, Nagoya, Yokohama, San, Francisco, Los Angeles, New York, Baltimore, Philadelphia, - Boston via Panama Canal. Last week of Jan,
(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:
A.P. PATTISON & CO., INC.
GENERAL AGENTS: CHINA, FORMOSA, KOREA, JAPAN AND HONGKONG.
Tel: 25346. 12-14 Queen's Road Central 4th Floor.
OVERSEA
CHINESE AGENTS:
CHINESE STEAMSHIP CO., LTD.
48 Bonham Strand West, 1st Floor.
Vorscl
Tels: 26127 & 81119.
Pacific For East Line Inc.
Fast Rogular Trans-Pacific Survice,
OVERLAND ·
NEW YORK-CHICAGO DETROIT-TORONTO' MONTREAL AND ALL AMERICAN & CANADIAN CITIES
For
DIRECT
BAN FRANCISCO, LOS ANGELES
Froma
Ban FrancisOO San Francisco
Stralis
Arrives
Jan 10
Jan. 16
Inn,
Jan. 17.
Jan. 17
San Francisco Feb. 0
Site
Teb. 6
· Harachi di Bosch.
Den Franciatky ?
Vi
"CALIFORNIA DEAR”
"PHILIPPINE BEAR"
·"SAN ANGELO VICTORY”.
*3. L. LUCKENBACTE”
"INDIAN, DEAN” -
San Franciaco: Los Angeles Singapore. Djakarta," Colombo,
San Franuloo-de-Lam-ADEVIES
via Japen
Singapore D}KAMS,
For full parttoulain omil General Agrote, United Stalóg Láng Co., Queen's Bellding, Tel