Britain
Postpones
America Encouraging
Metals Ban Japanese Merchant
London, Jan. 16.
Britain heeded distress signals from industry today by postponing for a month her ban on the use of copper and zinc for non-defence articles.
W
The ban, slated to take effect on Feb. 1, was postponed March 1 by a Ministry of Supply announcement.
The Ministry said the move was made after several of the expressed Industries affected
serious
anxiety lest early enforcement of the prohibitions would cause distration for many Arms s and in some cases cessation
production. Meanwhile,
of
Marine
UNCERTAIN
TREND IN
COTTON
specu-
New York, Jan. 10. Price control and the Korean uncertainties kont cotton close to the sidelines. from several taders
to rise and corners of British Industry came Prices continued
nation's fall within moderate limits on indications that the defence shoe is starting to pinch.reduced volume of business but underlying steadiness. Cowley,
Oxfordshire, showed AL several hundret employees of Local professionals and
kapt moving In the giant Morris Motors plantative traders
trying to week because and out, started a
apparently a four-day
|"scalp" a few points on any of material shortages
In Oxford, the Pressed Steel ikely opportunity. Company, whose big plant sup- plies cur bodies for leading auto manufacturers, put 9,800 m- ployees on the four-day schedule for the same reason.
At Loughridge, near Birming ham, the Austin Motor Company shifted 2,300 of its 20,000 workers Same to the four-day week. reason.
At Birmingham. Mr Barry Kay, the Board of Trade's Min- Land Regional Controller, warned
over
Mid-session flurries of selling reflected disappointment the long delay in announcing the country-by-country break- down of export allocations for un0,000 bales, Some additional scattered selling followed the recommendation by a private market advisory service to "sell May and October."
Development
Washington, Jan. 16.
Defence Department officials said today that the United States is encouraging the development of the Japanese merchant fleet to help Japan regain its economic self-sufficiency.
The officials said that is why President Tru- man, in his budget message, urged that some funds be set aside for "partial restoration of the Japanese merchant fleet."
BUYING
RUSH ON WALL ST.
New York, Jan. 18. A buying rush sent stock prices into new 1030-31 high price ground today.
The Defence Department said | Japan has been urged to "put a substantial number of ocean- guing vessels Into the Com- mission to help carry its exports and imports."
Japanese S Japanese Silk At Now High
Tokyo, Jan. 16. Heavy domestic buying today pushed the price af raw silk at Yokohama to a post-E record prico of 210,000 yen (£240) per halo for A20/22. BO. cording
the Kyodo news'sgenicy today.
Raw dik has gone up KINDO 14,000 yen (214) tile stars of the New Year trading 10 days ago.
Repter.
to
HONGKONG
SHARE MARKET
on
The volume of business the Stock Exchange this mom- ing was valued at $209,100. The
and noon half duy's business
closing prices were as follow: SHARES BUYERS SELLERS SALES
The President asked tho Congress to appropriate $150,- 000,000 for economic rehabilita- tion in Japan and the Ryukyu BANKS Islands during the next fiscal year. But he did not specify merchant what he wanted for maring aid.
HK Rank 1210 INSURANCES
Union
Defence officials indicated that the fund's earmarked
for
BK Fire
X. Wizard
Galos ranging from Q few merchant marine assistance DOCKS, ETC. cents to more than $9 a chare would be small but the Govern- were common. Minus signs apment would give the Japanese peared infrequently.
overy encouragement to build with While volume piled up at 4 up their feet themselves New export allocations de-
was privale capital or counterpart tails were
the rapid pace, the market held up by
orderly most of the time. The funds that industry's long-term sui-State and Defence Departments, ticker tape ran late during two i
officials of the Agriculture Dec
sald. Prices partment
closed Loday as follows:--
plour
outlook
is particularly gloomy-Associated Press.
New York Sugar Futures
New York, Jan, 16, Contract No. 4 closed today 13 lower to 15 higher, with sales totalling 789 contracts,
Contract No. 6 closed today 2 I, 7 lower, with salos toalling 773 contracts.
Prier closed today as fol- lows:-
Contract No. 4 Evrorid)
January
March
May
July
Spot
Cuntract No. 6
January
March
May
July
Spot
5.00 hid
5.01 traded 5.19 traded
6.01 traded
5.00
5.40 bid
3.40 bid
5.44 bid
5.50 bk
5.40
-United Press.
New York Metals
New York, Jan. 16. Prices in the metal market here closed today unchanged with the following exceptions:
Tin, Grade A (99.80 percent or higher) New York, per lb. 172. United Press,
Copra Market
New York, 10,
Sellers offered copra for near-
were
Spol
March
July
Clober
Decriter
March (1952) May
Spot
One spokesman said, "We are periods of unusually heavy buy-
On ing activity, but on both
of money oc-spending a lot
to and the only way 45.16 nominal casions the trouble was quickly | Japan
ease the burden is to make it
$4.05 - 44.09
43.37
42.07
30.08
39.40
3636 nominal
30.05 id United Press, NEW ORLEANS MARKET
Match Casti
May July
October Dreenber
March (1952)
May
Closing rate
44.03 noining! 43.93 - 43.97 43.44-43,45
42.07 42.80
39.40
$19.51
39 27 bid
39.04 1
United Press.
Grain Price
In Chicago
Chicago, Jan. 16. Prices of grain futures.closed today as follows:-
Wheal price per bushel Spot
March
242
2.4334-76 2.3014 - 16 2.3714-
Püreember
May
July
Corn Spot
December March
1.7436
1,703
May
July
1.70%-% 1.7415
Rye Deechber
1.7334
добну
1.761
9414
DALE
December
March
NEW YORK
rack, $13.00.
unsnarled.
Other groups strong and se-
trade."
more
money
013 635 40 0 (05
50 100
70
100
8888
ដដដដី
*999
Provident S'hal Dock Wheelock LAND, ETC.
IS 1056
3.20
HKC Land
1734
33
UTILITIES
111.00 300
11.34
1000
1100
Star Ferry
C. Light (0) 1.00 130
C. Light (N) 3.40
C. Light
(13)
Electria.....
Transfers were at the rate of self-sumcient. The best way to ido this is to encourage it to close to 4,000,000 shares for the
in such full session, making it
the make busiest trading day of the year.
things as shipping and foreign Rails, already a strong spot,
The Japanese shipping indus- caught the fancy of more buyers
Iry would presumably be railroad Industry ap- when the penied for a six per cent boost in allowed to expand to the limit
of facilities. present freight rates.
The spokesman sald, "Of General MacArthur Live
included steels, motors, course, rubbers, radio TV, chemicals and would have the final say."
message, President airlines Farm implements, oils Truman said he would
submit and building materials
were detalis of a Japanese economic mixed
ald
programme later. He said the marine expansion would be only 240.05.
one of the six ald programmes 03.03.
requiring appropriations. He did 42.25. not
further-United COTTONS
Dow Jones averages: 20 Industrials
15 Rails
10 Uulities
-Associated Press
Wool Marks
Topple
In his
Pross.
comment
TO VISIT GERMANY
Tokyo, Jan. 17. Japanese merchant ships have been authorised to enter the ports ot Western Germany, General MacArthur's Hend quarters announced here today. This action brings to 39 the number of countries which have reopened their parts since the war to Japanese vessels.
SLOWNESS IN RUBBER
IN RUBBER RI, L.
New York, Jan. 10. Rubber traderu reported D slow alluation in both the spot and futures markets, Brokers reported n stalemate in the spot. market because of the wide price spread existing between Government buying and ship- pera' selling ideas.
closed
Prices follows:-
Spot
March
May July
today 115
ROYAL INTEROCEAN
• SINGAPORE JAVA PORTS and
MACASSAR
"NIEUW HOLLAND". "VAN HEUT8Z" **
"TJISADANE”••• "TASMAN"*
71,00
"TJIWANGI”
00.00 bid 03.00 bid 68.00 bid
-United Press,
STORE MARKET
Singapore, Jan, 10. Prices in the rubber futures market hero closed today as follows:-
Number i rubber, per I.
January
Febriinty March
Number rubber January.. Number 3 rubber, January.. Number 4 rubber, January
to Singapore & Java.
ARRIVALS
LINES
SAILINGS
25th Jan,
In Port
1812 Jan.
.22nd Jan,
27th Jan,
.21st Jan,
only to Singapore, Penang & B. Dell. . only to Singapore,
not calling at Singapore.
O MANILA, EAST &
SOUTH AFRICA and
SOUTH AMERICA "HUTS** -"BOISSEVAIN”
"TJIPANAS”
ZOJ-204
107-158
"TJIRADAK"
108-200
107-10
§ via Japan,
153-104
Spot rubber, untated Black repo No. i palo crepe
216-217
• JAPAN
381-183
"TJIPANAB”
410-223
-United TreRA.
"BOISSEVAIN"
"TJIBADAK”
Nickel Plant
Washington, Jan, 10. The Government announced an agreement today for rehabili- tation and operation of a nickel plant in the Oreint
rent province of Cuba. The announcement was made by Mr Jesse Larson, Ad- ministrator of General Services. The Mining Equipment a Corpora- York, will operate the Lion,
1000 -11.50 1000 11.50 1200 11.80 | P
500 @ 11:30
2334 24 1000 @ 23.
200 23.
2006 2314
1000
1000
BDO 24.
200 24.
INDUSTRIALS
Telephone
Tele. (New) 815
Cement .... 111. Rope
11.50 STORES, ETC.
Dalry
11% 18% 300 @ 11% Watson
2015 Crawford 20
2.30 %
A
300 @ 0.25
1000 11
Ewo
NOTICE TO CONSIGNEES
CONSIGNEES PER STATES STEAMSHIP COMPANY
■.. "CHARLES E. DANT
Melbourne, Jan. 10.
are hereby notified that their cargo Four world's recorda were
is being discharged into the long- 1/76 made at the opening of the 1951
kong & Kowloon Wharf & Godown Con Hodowa where it will be at Geelong wool sales today.
The first ship to enter a West constances risk and subject to the A bale of Merino
fleeco German port will be the Pack-Whart's torrms and condition of brought 309 pence a pound, a fic Maru, at present en route to
storage, and where delivery may be obtained. periny mOVE than
record in Sydney he previous Hamburg and Bremen to load
on Jan. 11.
Comeback fleece sold for FLOUR-per 200 lb. 243 1/2 pence, easily beating
last
Thursday's world record of 216 1/4 pence.
-United Press.
Wolfram Up
by shipmen; at $260 per ton. Buyers
indifferent. In
London, Jan. 10. The price of wolfram cocoanut oil, all positions were
in offered at 19- cents a pound London has risen a further 20 asked, F.O.B. mills-United and was quoted today at 480 to 480 per unit.-United Press. Press,
AMERICAN PRESIDENT LINES
The
PHONE 28172/5.
ST. GEORGE'S BLDG.
TO HONOLULU AND SAN FRANCISCO via JAPAN
PRESIDENT WILSON
PERSIDENT WILSON
Arr Feb. 4 Arr. Mar. 23
Balls Fab. B Salin Mar. 24
TO SAN FRANCISCO AND LOB ANGELES via JAPAN PRESIDENT TAFT
Arr. Jan. 31 Balls Jan. JÍ
TO NEW YORK, BALTIMORE AND BOSTON VIS FACIFIC COAST AND PANAMA PRESIDENT FILLMORE ......ing Arr. Feb. 10 Sail Feb. 1
ROUND-THE.WORLD
Via Manila, Singapore, Colombo, Cochin, Bombay, Karachi, Butz, Pert Said, Alexandria, Naples, Marseilles, Genon, New York & Boston,
PRESIDENT JEFFERSON
Arr. Jan. 30
Baits Jan. 30
M.V. "LA MARSEILLAISE
Roundtrip to JAPAN
via Manila
13 days away
99
ΟΙ
The December record of 372 ponce a pound made at Geelong
bales was broken by two Merino lambs' wool which brought 391 pence. Associated Prest
LONDON TIN
MARKET
London, Jan. 16. Prices of tin declined sharply in the monung session today. Turnover was 150 tons, including 10 tons for cash,
a cargo for delivery to a United States Atlantic port, the nouncement cuid-Reuter.
an-
Japanese Rice
Target
Tokyo, Jan, 18. The Japanese Government has sel the 1881 rioc crop, target at 05,101,000 kokus (roughly 323 million bushels),
The preliminary estimates for the 1950 crop put the figure at (313 million 62,600,000 kokus bushels)-Reuter.
Prices closed today at the end Exchange Rates
of the official morning session as
follows:-
Spot tin, buyeru
Spot tin, sellers
Business done ặt
Three-months tin, buyers Three months tin, sellera
Business done at Settlement
1,175
1,180
1,185
Buriness was done in the local unoMcial exchange market thi morning at the following rates:-* Sterling noté (per &).
15.49
1,175 U.S. dollars (per $1)
1,100
1,170
Siam teal (per 100)
1180Singapore (Straits)
-United Prem
Record Out
16"
Damagal packages are to be inft In the godowns for examination by Consignees and the Company's sur- veyors, Messrs. Carmichuci & Clarke at 10 BIT. on the 22nd January. 1951.
To comply with the General Bonded Warehouse Regulations, con- signees must have a Revenue Officer in attendanco when damaged duti- able goods are examined.
No claims will be admitted after the goods have left the steamer's godown, and all goods remaining undelivered after the 23rd January, 1951, will be subject to rent,
All claims against the steamer
plant and act ag engineering consultants for the rehabilitation project. Mr Larson said the facilities are expected to be pro- ducing nickel oxide in months.
10
The present market value of nickel is 60- cents a pound,
United Press,
ARRIVALS
Port
In .23rd Jan, .30th Jan,
Ist Feb.
ARRIVALS
16th Mar.
Iat Feb,
28th Feb.
SAILINGS 17th Max. 17th.Mar.
15th Feb.fi
SAILINGS
15th "eb. 25th Jan,
5th Feb.
Agents: HOLLAND EAST ASIA LINE
• EUROPE við MANILA
and MALAYA
*MELISKELK” "AAGTEKERK”
**TJIWANGT
Ds/L
issued
to
Mediterranean and Northern
Through
European Porta.
"MELISKERT” + "AAGTEKERK” +
O JAPAN
+ vla Manila,
BAKING S
ARRIVALS
.In Port
4th Feb.
5th Feb.
ARRIVALS
9th Feb.
4th Mar,
SAILINGS 10th Fob,
5th Mar,
SAILINGS 17th Jan.
11th Feb,
BEDING, TELED most unis TOPTI
SAUCHT, mnchEET INS
The wars our generation has witnessed have brought what wara 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:- Jebrandtsenh
INDEPENDENT
DEPENDABLE
Regular Sailings from Hongkong to New York, Baltimoro
and Philadelphia vía San Francisco or Los Angeles
S.S. "FLYING TRADER"
must be presented to the Under S.S. "SIR JOHN FRANKLIN"
signed on or before the 30th Janu-
AS, or they will not be re cognised.
No Fire Insurance will be effected.
DODWELL & CO. LTD.
Agents
Hongkong, 17th January, 1001.
NOTICE TO CONSIGNEES
3.40 Indonesia guilders (per 100)..
FIC plastros (per 100)
Gold
Of
27.00
1.70 11.00
Flow
America
New York, Jan. 6.
I
CIE DES MESBAGERIEA
MARITIMES
Consignees per Company's D.V, "FELIX ROUSSEL"
are hereby notified that their cargo is being discharged into the Hong- kong & Kowloon Whart & Godown Co's Bodowns, where it will be at Consignees' risk and subject to the Wharf's terms and conditions of storage, and where delivery may be obtained as soon as the goods ara landed.
Damaged packages are to be left in the dedowns for examination by Consignees and the Company's syr- veyors. Messrs. Goddard & Douglas
at 10am on Saturday, 20th Janu-
ary, 1957.
Consignes muel have a Revenue
More gold flowed out of this country in 1950 than ever before in history, but the loss of the pre-
To comply with the General cious metal failed to affect the economy adversely.
Bonded Warehouse Regulations
Omeer in attendance when dam- Final statistics for the year The movement of gold to nged dutiable goods are examined. will show that the nation's other countries, authorities
No claims will be admitted after golden stockpile contracted by point out, strengthens the cur- | the goods have left the steamer's more than $1,500,000,000. How-rencies of such countries and godowns, and all Koods remaining increased undelivered after 21st January, 1031, ever, even after this loss, gold furnishes them with holdings at the year-end ware purchasing power for the future, will be subject to rent.
The30 developments, in furri All claims against the steamer (000.
to the under- tend
to stimulate greater must be presented
sirmed on or before 20th January, amount of world trade,
1931, or they will not be recognised. This total compares with the
come extent, at least, this No Fire Insurance will be effected. peak holdings of $24,091,000,000 country's loss of gold during 1950
CIE DES MESSAGERIKS attained on Sept, 21, 1949, and reflected uneasiness -- whether also compares with a stockpile justised or not--in foreign fiscal
Sailing from Hongkong 26th January 8 p.m. stil well in excess of 322,750,-
to MANILA, YOKOHAMA and KOBE.
Arriving from Japan 8th February, 6 p.m.
1st Class
Tourist
KOUNDTRIP FARES
HK$810 to HK$970.
HK$580 and HK$615.
Excursions in Japan arranged on application. CIE DES MESSAGERIES MARITIMES Queen's Building
Tol. 26051 (3 Lines)
MARITIMES
of only $0,238,000,000 at the close circles about the stability of the liongkong, 18th January, 1931.
of 1934, after the price of gold had been boosted to $35 from $20.67 per juneo,
Prior to 1050, the largest out- flow of gold from this country ooctured in 1044, when the loss amounted to $1,840,800,000.
United States dollar. How great
a factor this was in the outward
movement can never be deter-| NOTICE TO CONSIGNEES mined accurately.
KEL MEDENTOR"
So long as the dollar remaine Pegged to a US price of $35 per ounce for gold, foreign countries ard no better off holding Fold The main reason for the loss than they
Damaged cargo ex this yesmo! will are with dollars. be eveyed at Holt Whart "be of gold during 1060 was this However, should this country tween 10 am, and Noom On FRBATY country's programme of stock-boost the price it pays for gold 17 and it, 1981, and consignes ziu piling strategic, materials for to, say, $50 per ounce (a devolop requested to have their representa delenco purpleads... This mon which seerias contremly during the survey. Involved buga spending in unlikely at the moment), foreign countries, with the foreign nation helding gold latter using some of the pro-would be much better or than ceeds of this buying, to build | one bolding up their gold reserver.
A
KABUXTEKFIELD A› FEVIOLIN,
Agrotu
Hongkong, Jankowcy) 14, 1986.
S.5. "FLYING CLOUD”
SAILS FOR:
DUE FROM:
(Uhcalling Hongkong Hongkong Cargo
CLOUD" transhipped to 8.2. "FLYING Singapore.)
New York vin Manila
Jan. 20th
New York via Manila
Feb. 1st
at
Pushan, Kobe, Nagoya, Yoko. hama, San Francisco, Los Angeles, New York, Baltimore, Philadelphia, Boston vin Panama Canal Jan. 21st
Kobe, Nagoya, Yokohama, Ban, Franciaco, Los Angeles, "NOW York, Baltimoro, Philadelphia, Boston vin Panama Canal. Feb. 2nd
(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.
12-14 Queen's Road Central, 4th Floor.
Tel: 26846
CHINESE AGENTS,
48 Bonham Strand West, 1st Floor.
OVERSEA CHINESE STEAMSHIP CO., LTD.
Tels: 26127 & 31119,
Pacific Far East Live, Inc.
Fast Rogular Trans-Pacific Servico
`OVERLAND
NEW YORK-CHICAGO DETROIT-TORONTO MONTREAL AND ALL AMKAICAN & CANADIAN CITIES
DIRECT
SAN FRANCISCO, LOS
ANGELOH
Vossel
Frata'
Artivon
"CALIFORNIA BEAR”'
“PHILIPPINE BEAR”
San Francisco'
San Franci
- "BAN 'ANGELO VICTORY"
Strália
Jan. 10
Jadi '90 ·
Jah? so
3. 10
1. L. LUCKENBACIS
San Francisco
B
* Feb." 19"
["INDIAN "BEAR?”"
For
San Francisco &. Los Angeles Sinisipers, Djallacia, Colombe;
Bombay, Karmant de Bearcats). Banandton & Live Angulor Singapore, Tafakario, Bombar
Francico a Les Angulin Via Kobe
For falt pachechutiť osta Gometni danado, Untied Distritzkis Ovà quency MATHING,