MESSAGERIES
M
-"GRANVILLE”
ARRIVALS
from Europe-
SAILINGS
MARITIMES
M
PASSENGER/FREIGHT SERVICE
"LA MARSEILLAISE” "LA MARSEILLAISE"
"FELIX ROUSSEL"
"BEAUVAIS"
"COURSEULLES”
"MEINAM"
to Japan
5th Feb.
THE CHINA MAIL, FRIDAY, JANUARY 26, 1951.
Malayan Tin Now Highest Ever
to
Singapore, Jan, 25. Malayan tin roarod the highest price in history today, selling at (Stralis) $684 per pleuk.
This was a jump of SIT over Wednesday's closing. ---Associated Press.
Manila 26th Jan. HECTIC
9th Feb.
to Marseilles via Manita to Marseilles via Manila 1st Apr.
FREIGHT SERVICE
«N,' Africa & Europe 16th Feb. N. Africa & Europe 10th Mar. N. Africa & Europe 2011 Mar.
for
FORT SAID, TUNIS, MARSEILLES, ALGIERS, ORAN, TANGIER, CASABLANCA, HAVRE, DUNKIRK,
ANTWERP & ROTTERDAM.
CIE DES MESSAGERIES MARITIMES Queen's Building
Tel. 26651 (Three Lines)
WATERMAN
STEAMSHIP
DAY IN
COTTON
New York, Jan. 25. Cotton futures went through a series of hectic fluctuations, covering
Д
range of almost $5 a bale, as traders became fidgety in anticipating a Govern ment freeze order.
ITALIAN MOVE
Wall Street
I. L.
TO HALT GOLD Rallies In R...
TRANSFERS
Rome, Jan. 25.
The Italian Government today announced its first emergency economy move to block further jumps in food prices and prevent the transfer of gold out of Italy.
Late Trading
New York, Jan. 25. An unexpected burst of buying lato today blocked stock market price re- was nearing
trent that the breaking point.
The net result was to hoki lopses at the close to only a bit one dollar a chare
Financial circles said large quantities of gold were being shifted to Switzerland and many more than wealthy persons were investing heavily in pro-among leaders. perties abroad because of the fear that the econo- mic powers demanded by the Government will cut ington over price and wage con- into their private means.
Government sources said 'gold transders were insignificant but admitted that stops were under way to tighten "controls un money.
At the same time, the Gov- Reports that the order would ernment prepared to dump its be ready
of cotton on the open lute on Thursday or stores Friday brought a mid-session market
..
at factory prices slump of 93 points in March de force
ordered a cut livery, making it the sharpest prices and drop
for my salon in almost manufacturing taxes to weeks. While a freeze order was the withdrawal of the 50 Lire
price increase
a general lowering
CORPORATION expocted, traders were surprised per litre
MOBILE ALÀ USA
WATERMAN LINE EXPRESS FREIGHT SERVICE
FROM U.S. ATLANTIC COAST VIA JAPAN
1. 6. "ANDREW JACKSON" ...Due about..... 27th Feb. 1951
... "KYSKA"
DIRECT FOR
12th Mar. 1951
NEW YORK, BALTIMORE & PHILADELPHIA
VIA JAPAN & HONOLULŲ.
8, 1. “ANDREW JACKSON” Sails about.... 38th Feb. 1951
"KYSKA"
13th Mar. 1931
5.
ALSO ACCEPTING TRANSHIPMENT CARGO FOR GULF PORTS,
WALLEM &
Agents
CO., LTD.
Hongkong & Shanghai Bank Building
Telephones--38041—5 ·
M.V. “LA MARSEILLAISE”
will sail for
MANILA, YOKOHAMA AND KOBE.
on
Friday the 26th January at 8 p.m.
Passengers are requested to board the vessel with their cabin baggage on the 26th January between 5 p.m. and 7 p.m.
Baggage Room and Hold Baggage will be registered at Kowloon Godown No. 50 (No. 2 Gate Canton Road, Entrance) on the 25th January between 9 A.M. and 5 P.M. and 26th January between 9 A.M. and NOON.
CIE DES MESSAGERIES MARITIMES
Queen's Building,
NOW OPEN
S.C.M.POST,LTD.
Branch Office
SALISBURY ROAD
KOWLOON
(Ono minute from Peninsula Hotel)
Tel. 26651.
PRESS PHOTOGRAPHS
to hear the news that, leythernounced today. prices would be rolled back to the highest level in November or
The Govenment
ot
in
force
Rπ-
economic
on
a reduction of 15 per cent. Ex-powers bill and strong criticism pectations
of it from the Libernis spread had been that the general roll-back date would be alarm throughout the country. Jan. 2.
The Prime Minister, Signor Aleide de Gasperi, issued
of Italy's economie analysis position to show that all fears of runaway prices or shortages were unfounded.
Cotton traders thus assumed that if an earlier roll-back could be ordered for leather, the step might be taken for other com- modilles.
The peace talks in Korea also acted to keep bulls on the de- fensive.
$15,000,000 to Germany.
He announced a programme of large Importation of pigs from Poland to assure plenty of
U.S. Tea Imports Soaring
New York, Jan. 25. United States tea im- ports reached. a 30-year- bigh in the first 11 months of 1950, Mr Hyde, Managing Director of Ten Бигеза Incorporated a- nounced today.
said 106,416,552 toa were
those during months, 21.3 percent above
the Imports. for
same months of 1949,--United
Prem
HONGKONG
SHARE MARKET
The volume of
Brokers said the uncertainty was due to indecision in Wash-
trols.
In the final hour, depressed
attracted pricos
buyers in. strength, and the response of the whole market was dramatic. In some cases, heavy declines were replaced by modest gains,
Transfers were 2,520,000 shares,
stumblers were Ohio, Pepsicola, Jones and Laughlin Steel, Bund Company, Eric Railroad. Twelfth most active issue was Benguet Mining, unchanged at 1-3⁄41⁄2.
Dow Jones averages: Stocks
Among the Baltimore and
20 Industrials
90.32.
242.22.
15 Rails
01.00.
10 Utilities
41,09.
-Associated Press.
LONDON TIN
MARKET
the
London, Jan. 25. Prices of tin eased some. The EC.A. overnight ants. Maly has large stocks of
what this morning. Turnover nounced row cotton purchase woollens and cotton. Recent
was only 10 tons for cash. grants of $29,000,000 to Italy and price boosts for local textiles
Prices closed today based were
on rises;
foreign in
business end of the official morning textiles, the Government said. transacted on the Stock Ex-session as follow:--- and had no justification. A ban change this moming was valued Spot tin. buyer on the export of textiles for the at $143,285. The half day's Three-months un. buyer manufacture of shirts, under- business and noon closing prices usiiess done at
Three-months tin. sellers went, bed-clothes, etc.. was were as follow: announced to prevent any short-SHARES BUYERS SELLERS SALES Settlement age in this sector.
The market opened 6 to points lower, backed and filled nervously until the mid-after- noon break, then rolled briskly again at the close under trade and speculative buying, some of which was encouraged by new uncertainties over the possibili- tles for an wurly Korea pence. The final prices were off 2 to 43 points.
Prices closed
May
July
follows:-
Spot
March (151)
October
December
March (1952)
May
July
.. 1230 1230
BANKS
HK Banic The Government's economic INSURANCES
Union bili would give the powers
Underwriters 200 Cabinet power to control prices, SHIPPING
material of Taw na consumption
und production along with DOCKS, ETC. 43.33 nominal money credit and other financial
operations.-United Press.
today
44.20 44,28
43.62-49.70
43.28 - 43.27
41.39 41.40
40.63
40.75
40.57
40.20 nominai
Untied Press.
NEW ORLEANS MARKET
Closing rate January 25.
Spot
March (1931)
44.25 nominai 44.18
May
43.55
July.
October.
December
March (1952)
May July
43.13 43.14 41.21 - 41.25 42.78 bld
40.80 bld
40.60 bld
40,30 bid -United Pros.
WOOL SALES
Melbourne, Jan. 25.
The Arst of the 1951 wool
134
Waterboat
20
K. Whart
Dock .....
Provident
73
214
Wheelock 1019
LAND, ETC.
1K Hotel
0.45
Stock
4
300 @ 04
1000 @ 6.45 1000 864
300 6 6.50
1 Land
S'hai Lond UTILITIES
Trom
3216 103
....... 1235
800 1114 500
London
Exchange
London, Jan, 25, General firmness featured the London Stock Exchange today despite a tendency in come sections to mark time nending developments in the Korean crials.
Textile shares sparked а
advance general
in leading Industrial shares.
Oil issues cased under profit-
auctions closed today with taking.
prices for broader Merino come- British Government bonds
C Light (0)
1.338
230
1.235
1,230 1.255
United Presa
Canadian Gold Policy
Oltawa, Jan, 25, Minister Finance
Dougins Abbott said today In an inter- view that no decision has been suggestion that
taken On a
Canada allow the free sale of industrial gold in world mat-
11kets.
500 1135 500 0 1139 300 @ 15
0 6.20 100 6
600 6 2000 6.10 200 @ 6.20
C. Light (N) 3,40 C. Light
B Shares 5.76 € 200 15.70 Electric ..... 234 2455 INDUSTRIALS
Cement
Rope
back and finer crossbred wools stumped - through most of STORES, ETC. averaging five per cent above the st.
opening rates.
Two bales of super "A" Japanese bonds were mixed. lambswool cost 334 Australian The 1907s were up 4, the 1910s pence a pound. The high price were up and the 1930s were for comeback was 270 Austrn-down lian pence a pound.-Associated Press.
The Financial Times' index: 120.3.-Associated Press.
Allocations Board
To Be
Enlarged
Washington, Jan. 25.
5.75
21
1134
1114
600
1134
500 @ 11%
11
Dairy
1115
12 1000 11
500
Duday (N).. 10 11 Watson
1935 L. Crawford 20 COTTONS
EWO
100 € 20
2.30 2.50 -100 @ 2440
was
On
and may
He
cornmenting rumours in Paris, London New York that Canada embark on such a course fol- lowing action by South Africa to sell industrial gold-As- sociated Press,
ROYAL
INTEROCEAN LINES
SINGAPORE JAVA
PORTS and
MACASSAR
**NIEUW HOLLAND" ‡ **TJISADANE” ***
“TASMAN" *
"VAN HEUT:2"
“TITTJALENGKA”
**PJIWANGI”
to Singapore & Java,
SAILINGS
ARRIVALS
In
Fort
64th Jan,
In
Port
17th Jam.
In
Port
1st Feb.
0th Feb.
→ only to Singapore, Petani & B. Dell.
*** not calling at Singapore.
O MANILA, EAST &
SOUTH AFRICA and
SOUTH AMERICA "TJIPANAS” "BOISSEVAIN" "TJISADANE" ** "TJIBADAK”
6 via Japan.
not calling Manila
• JAPAN
"BOISSEVAIN""
"TJIPANAS"
"TJIHADAK"
ARRIVALS.
.81st Jan,
27th Jan
4th Feb.
& S. America.
ARRIVALS
16th Mar.
2nd Feb.
11th Feb.
28th Feb.
SAILINGS
15th Feb. MILK ALOT. 25th Mar,
SAILINGS
30th. Jan. 18th Feb,
6th Feb.
Agents: HOLLAND EAST ASIA LINE
EUROPE via MANILA
and MALAYA
"MELISKERK"
"AAGTEKERK” "TJIWANGI"
Through
Bs/L.
Issued
to
• Mediterranean and Northern
European Ports.
O JAPAN
ARRIVALS
SAILINGS 10th Feb.
7th Feb.
3rd Feb.
ARRIVALS
5th Mar
SAILINGS
"MELISKERE" + "AAGTEKERK" †
9th Feb,
3rd Mar.
12th Feb.
+ via Manila.
ESTINOSEDIGING, TELEPHONESTE VOI 10.18017
AMERICAN PRESIDENT LINES
The Global fleet
ST. GEORGE'S BLDG.
TO HONOLULU AND SAN FRANCISCO via JAPAN PRESIDENT WILSON
PREBIDENT CLEVELAND
PHONE 28172/5.
Arr Feb.
Arr. Feb.
Fre. Feb. 2
Balls Feb. 5
Sulla Web, za
Thule Feb. 2 -
TO SAN FRANCISCO AND LOS ANGELES via JAPAN PRESIDENT TAFT
TO NEW YORK, BALTIMORE AND BOSTON Via PACIFIC COAST AND PANAMA PRESIDENT FILLMORE
Sads Yeh. 11
Arr. Feb. 13
ROUND-THE WORLD Via Manila, Singapore, Colombe, Cochin, Bombay, Karachi, Suez, Port Said, Alexandria, Naples, Marsellies, Genca, New York & Boston. PRESIDENT JEFFERSON
Arr. Jan 20
Batts Jan. 30
The ware our generation has witnessed have brought what wars have always
New York Sugar brought disturbances, unrest and a feeling of general insecurity that's the
Futures
New York, Jan, 25. World sugar futures closed today 7 to 8 lower, with sales totalling 78 contracts,
Contract No. 6 closed today 1 to 7 lower, with sales totalling 730 contracts,
Prices closed today as fol-
Contract No. 4 (world)
March
July
4.94 bid 4.95 traded
4,04 bla 4.94 bill
Contract No. January March
4.05 0.75 บ.
Usually reliable diplomatic sources said today that the Central Allocations Board for Rawlows: Materials will be enlarged from three members to January seven or eight as a result of United States insist-ay ence, although Great Britain preferred only three spot members Copica of photographs The Board will guide the Commodity Com-May takon by the South China mittee whose duties are to assure that each of the Spot Morning Post, South China democratic countries obtains a fair share of basic Sunday Post-Herald, China materials during the rearmament of the Western Mail and Hong Kong Telo- nations.
graph Staff Photographers begin to
The organisation will not Agreement was reached on this
are on view in the Morning Post Building,
ORDERS BOOKED
2 FLIGHTS WEEKLY
8.38 traded
8.42 bid
0.40 traded
B.40
United Press.
Black Pepper
ri
Futures
a
came
function, however, at one stage, but the United until consultations on the sub-States renewed its contention
the ject with
French Prime that at least a Latin-American'
New York, Jan. 25. Minister, Reno Pleven, here country should be admitted and Black pepper futures closed next weeks, diplomats said. finally won the argument. In today Inactive and nominally 2 Great Britain wanted the return, Britain instated that cents a pound higher. Activity board to be limited to itself, Canada and India should be in the spot market
United States. membeta and diplomats expect | practically to France and the
halt Tollowing that to
to trappen.
that a Government Egypt may be invited to re- freeze order would be issued on present the Middle East and one inte Thursday or Friday. of the
middle-sized European Following the consummation of countries may also be put on moderate business in the fore- the. board, diplomats end
noon, buyers withdrew pending Belgium in reported to be further Washington develop.
for membership on the ments,
NORTH 16
TAIPEH & TOKYO MONDAYS & FRIDAYS
SOUTH 10
SINGAPORE via. BANGKOK- WEDNESDAYS -8-BUNDAYA 45
master COACH SERVICE at reduced rates!
PACIFIC OVERSEAS AIRLINES, SIAM
ZNINSULA HOTEL: ROWLDON. PHONE:538654) GAR
cager
grounds of the mineral wealth Prices dasod, today nd of the Belgian Congo.
follows:
Diplomats said that Scandi-February navian nations would also like March to be represented' and 'the
'that Italy May wants 'n place.
Source!
aid..
that Charles
7.80 nominal
1.72
1.03
#
United Pros.
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 labrandtsen symbols of this philosophy:----
INDEPENDENT
DEPENDABLE
Regular Sailings, from Hongkong to New York, Baltimore and Philadelphia vía San Francisco or Los Angeles
S.S. "FLYING CLOUD”
DUE FROM:
New York via Manila
Fob. 8th
SAILS FOR:
Kobe, Nagoya, Yokohama, San Francisco, Los Angeles, New York, Brithmore, Philadelphia, Boston via Panama Canal. Feb. 9th
(Transhipment cargo accepted for Jamaica, Havana and other Cuban Ports, also Venezuela.))
LIMITED PASSENGER ACCOMMODATION AVAILABLE
Above Dates Subject to Change
Wüent Director of the Ofice Exchange Rates A.P.
of Defence Mobilisation, is cou
For Information Apply to:
A.P. PATTISON & CO., INC.
1.
542 GENERAL AGENTS: CHINA, FORMOSA, KOLEA, JAPAN AND HONGKONG.
12-14 Queen's Road Central 4th Floor.
sidering what raw materials the Dustnem w donic In the local exchange market the Committee should be given unoticias under the board His opinion is mording at the following rate
Sterling pole (par, (2) expected to be decisive, It is U dollars. (per: 91... most likely that the Committee Indonesia gullerá come
Filmen Loule (per 100), will control zino and copper, Bumapore (diraita) rubber, wool arid: ferro alloys, FIC plaatzes, (pos_190) with
...A sub-committee for fungsten, manganese and the
5,97
1.00
20.00
30.03
•New York, Jan. nd.
lika There may not be a com Prices in the metal market mittee for tin, coni, shipping here closed today unchanged. and manpower Immediately but with the following exception
|----United Premi
CHINESE AGENTS:
25846
OVERSEA CHINESE STEAMSHIP CO. LTD.
48 Bennai Siland, West, Ist Float.
1