MESSAGERIES WV MARITIMES
MM
↑ "MEINAM"
"OYONNAX"
Artiy) ng Leaving
..Яest. 12
Sept. 21
Oct. 21
Oct. 23
For
N. Atries & Curopo Kabe & Yokohama N. África & Eutope
**LA MABɣeillaise” „.0/6 20
....Oct. 23 subject to change without noties,
* passengers & freight
freight for Portaald, Tunis, Algiers, Oran, Tangier, Casablanca, Havre, Dunkirk, Antwerp, & Rotterdam.
CIE DES MESSAGERIES MARITIMES P.O. Box 53, Hongkong
Queen's Building (gr. floor) Tel. 26651 (3 lines).
Stock Market In Surprise Trend
New York, Sept. 16.
A lot of professional traders in Wall Street really didn't expect the stock market to advance last week but it did.
It marched straight forward and each time it went up it established a new 1951 high. The market promptly heedled all good news and ignored First one major division and then the bad news. another took turns in leading the market advance,
By Monday the market Ind gone up nine atraight times.
On Thursday
there was
dip in the market but that was aside and when the
brushed Week
ended the market
gone up 12 out of 3 times, 1: was th. third week the marke. hari muded higher.
thing-
One of the biggest
hold the market #k'. that brokers said, was the fuel ran the public was in the mark and buying.
i
SURVEY OF SOURCES
FOR PULP
Washington, Sept. 18. The United Nations Food and Agriculture Organisation (FAO) announced today that 25 nations have been invited to participate in a survey of new sources of
for
paper,
cardboard. pulp cellophane and rayon.
The survey will be made at the mnecting cit the FAO Wood Chemistry Committee at Ap- pleton, Wisconsin, on Septem- ber 17 nel 19.
said the
division The whole metals was higher because of demand for military use and civilian needs. Copper shortages put, the pinch on aluminium substitute and there was talk of meeting will give particulee at-
higher prices all along.
Olls-along
with
wern
The announcement
THE CHINA MAIL,
MONDAY, SEPTEMBER 17, 1951.
Textile Resumption Of U.S.
Prices
Decline
New York, Sept. 16.
The cotton textile maY. ket, which showed signs of turning the corner toward revived business in mid- August; took a backward step during the past week.
sinded Prices were number of types of fabrics in- cluding print cloths, and broadcloths,
on 11
Cotton Shipments To Hongkong Suggested
Washington, Sept. 16. A Senate sub-Committee said today that of strategic sheetings "andesirably large quantities"
materials were reaching Communist China Second hand offerings which through Hongkong, Macao, and even
American-controlled arcas.
מf
volume
bad tapered off were in grenter evidence and
souse mills showed more will- ingness to meet those, prlees.
There were general reduc- tions of heavier types of in- dustrial goods such as ducks, hose chafer fabrics, belt and fabrien.
The atmosphere
for Jower prices was ulded to some extent by the September cotton crop forecast issued by the Department of Agriculture on Monday. Although the govern-
n bil
ment raised Re August estimat by only 25,000 bales, it added a crop promising to be the third largest on record and buyers to believe that further price cutting was like-
lea
ly.
Cannoli
from
In a report to the Senate, the Commerce sub- Committee on export controls said: "Trade with Communist China is much better controlled than a year ago."
"
But it added: "The Chinese Reds are still able to obtain strategic materials through loopholes by evasion of controls, and, even at this late date, from Western areas which do not see fit to deny these items to an aggressor country."
HONGKONG
SHARE MARKET
Page
R.I.L.
ROYAL INTEROCEAN
Date
'n Porl loth Rept. N4th Sept. 27th Sept. 19th- Sept. 3rd Oct.
3rd Del. 19th Oct.
12ta Ocl.
mad Nov
17th Sept. Elat Rept
Ist. Oct.
Ist Oct.
5th Oct. Oct.
(Our Own Correspondent).
Burless done ០៧ tite Stock Exchange this morning WOA 7th valued at $370,224.80. Noon prices im Oct. and the morning's transactions- SHARES BUYERS AFLLERO SALER COVT. LOANS
34% (1040), 991
135,000 @ 034
15th Oct.
17th Ort.
ship
ARRIVALS
"VAN HEUTAZ" *THIBADANE" "TABMAN" "TJETJALENGKA"
"STRAAT
MAKABBATUT "VAN HEUTAZ” **TIIKAMPEK” TEGELBERG"
OTHWANGI". "KTRAAT
MAKABIATU"
"VAN HEUTAZ
Neralis & JADAN
LINES
From
siswas - Delt
Helawan pell, Penang & Bingapore Meenaar, Java Poris & Singapote
Holland (niden Voyager' Japan
B. Atties & Ringapore
R. Amerien, H. Africa, Singapara
Manija Marastar. Jays Porta & Ringanore Акрап
SAILINGS
HADANE" "TJTJALENGKA"
PETRAAT
MAKARBAR"
"VAN BEUSA"" “TJIKAMPER"
TARMAN" "TEGELDENT" "TOWANOr
Japan Ports
To
Singapore, 8. Atelen & 6. America Singapore, Jaya Porta & Macaste Japan Porta
Singapore, Penang & Delawán Dell Japan Ports
Ringapore, Panang & Belawan Deli Japan Porta
Singapore, Jaya Parla dz ኢዮጴጸዳደድ
Agents: HOLLAND EAST ASIA 'LINE
DANKS
1 Bank
1630
East Asia
75 # 122
Date
INSURANCES
Union Underwriters 2IK Fire....
sih Oct.
Ind week ON.
100
4.20
In a statement accompanying or procured illegally, possibly -chairman, | ovan with the assistance of report, the the
States personnel from Senator Herbert O'Conor (De Unites mocrat), sold business interests military stores in the area." In the For East expected re-
The report stated that the full-scale trade sumption of with Communist China if there United States must make "far-
the reaching efforts to halt such DOCKS, ETC. should be a cease-fire in
He criffelsed trafic, particularly in these in- Karcan
N. Pt. Whart highly strategie
Duck .... cut off shipments of vital ma-materials". Western nations which had not disputably terials to the Chinese Reds.
of
д
war,
The American enibargu 011
Provideni Wheelock
Hotel
by
S'hal Land Humphreys
it
UTILITIES
135
ARRIVALS
Ship
Гарди
From
"HOOGKERK" "ABENDSKERK" Europe & Aingapore
1000
4.00
7th Oct. MIG Oct.
"HOOOKENDSZ
1832 1801% 1200 G 18
*13 13,40 1500 @ 49.10
209744
· 8.20 3000 6 6.50 1.60 1200 @ 1.50
11
2rom XD. 144 143% 3500 † 14.50 Star Ferry
100 105
"It is shocking and astound-trade with Communist Chl LAND, ETC. ing that, at the very time our was working well, but in the
of similar action militaty leaders are warning us abstaco
Western
countries for other Communist build-up
the effects on the Chinese Com- another onslaught against United Nations forces, good munist war potential are prob- which are described in this re-ably short-lived and inconclu port are still moving to Com-sive." munist China, or have recently been moving to Communis! China,"
The popular 00 square print cloth sold as low as 19% cents some mills lowered quotations in reales during the week und 4 of a cent to 20 cents n yard. A year ago this cloth sold at 2B cents a yard.
Bished goods In Mills lowered prices on sheets 7% to 12 cents and a few other leading producers eut prices later in the week.
Mills
buyers ond
focused their attention on the lower trend in the raw wool auetlong ins Australia.
The situation in rayon gray
O'Canor also com- goods showed definite improve- nent for some fabrics, including plained. "Already there is tall:
plements, gabardines acetate
of resuming trade with that on the basis of a area purely better and and cynch types.
Demond
with cynarn possible cease-fire, which at best prices improved
a yards only stoppage of active mili- types up 2 cents
tary combat." Associated Press.
was
India Yarn
οι
For Red China
tention to potential sources tropical forests
certain and agricultural waste products, and metals about 20 papers will be read the that even favoured by "demonstraüng highly
cnn those who wanted an inflation highest grades of cellulose
its be commercially obtained from hedge in a company with
these ns yet virtually untapped resources in the ground." One raw materials,"
big oil company after another, The commifice will also con- bought in new wells. In Texas
the oil business
GOLD SHARES UT
10
alder.
2 irstly,
proposal to
of
Bombay, Sept. 10. A three-man purchasing mis- China has arrived
,
Senator
Il added that in the Hongkong arca, the export controls in- 1951. augurated on June 28,
be "appear to
more adequate
their than my previous, but it will take time | effectiveness".
to evaluate
HONGKONG EMBARGO
The sub-Committee recom-
He branded as "even more mended that the United Statce disturbing" reports of smuggling suspend the embargo on cotton
Unlied States
to Hongkong and of
military shipments malerin's from the Ryukyusaid the textile industry in the Islands, which under US. Colony "is new and owned anti operated largely by refugee control.
Chinese."
are
"In recent months, petroleum products and non-ferrous metal scrap as well as military. tyres from U.S. bases have gone in substantial quantities from these islands. Most of these ship- ments are by small junks to Maeno or to neutral arens' in nearby waters."
The report stemmed from on-
ol recently the-spot Investigation the effectiveness of export controls and policies in the Far East.
·
U.S. EMBARRASSED
C. Licht (0) 7.00 7.90 1000 7.00
C. Light (N) 4.00
C Light (3) 1.00 Electric
INDUSTHALS
Comment
000 00 7,00
1000
400
1500 g 23.
3.30
12.80 1335 1000 @ 13
EX
Hope
STORES, ETC.
Datry........... 1920
L. Crawford 27.30 ¡COTTONS
.
100 10.00
.
EWO. 2.70.
104 @ 2.70
STRIKE ENDED
Honolulu, Sept. 10. Weeks of secret negotiations between the Hawalian pineapple "Continued denial would not, industry and the appear to be in our Interest. Longshoremen's The United States cannot afford (housemen's union ended a seven❤ to lose friends in Asia who are month strike of some 750 work- |
and intent toers at the world's largest pine- showing ability
apple plantation on Lanat Island.
United Press.
'make their own way**
The report also told of eye- witness accounts of smuggling to Communis: of petroleum
SAILINGS
То
Manila, Blugapore & Kurops
#ARENDĄKERK" Japan vin. Starile,
KINGS BUILDINGE TELEPHONES: 298015VENSTRE LES
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, viz
SAN FRANCISCO, LOS ANGELES AND PANAMA,
and
Interare- ¿
NEXT SAILINGS.
M.S.
"TREIN MAERSK",
M.S.
"PETER MAERSK”
Sept. 30 Oct. 16
M.S.
"NICOLINE MAERSK"
Oct. 31
ARRIVALS FROM U.S.A.
M.S. "NICOLINE MAERSK"
Sept. 26
M.S. "SALLY MAERSK"
Oct, 20
M.S.
Nov, 7
China from Mocab. Senator Exchange Rates
O'Conor said:
"Everyone con-
curs that Macao openly operates as a centre for goods to the Chinese Reds and no significant attempts are being made by the Portuguese authorities_to
ist this trade or limit it,"
United PreES.
was booming organise a technical advisory sion from
Indiu which and the Texas Railroad Com and assistance service to under-hero to bug and ship cloth and
yara areas developed
which are mission reported allowable
food grains. production at the end of last ready and capable of partiel-agreed to exchange for Chinese
pating in FAO'S programme. Headed by a Hongkong busi~!! week was at a record high of Secondly, it will consider the
Mr W. L. Mak, the nessman, establishment of a worldwide 3,104,798 barrels daily.
system of standardising various elect quotas totalling 20 million mission is exploring markets fo
Of the smuggling of military products of wood chemistry.
yards of cloth and 5,000 bale items from areas controlled by Reports on the latter project
the Ualled States, the report yarn, Itafronds took Leadership will be made by Australian,
The
and magnitude In return Peking will send sold: decisively enough at times
British, French and India $15,000 tons of grain, Austrians,
frequency
shipments of such bring cheers from those who
has waters Ewerlish experts,
from Japanese Every yard of cloth and yarn! believe this Current buil
The nations invited to send
from India would carry the proven of considerable em- murket can keep going only t
barrassment to the United railroads advance in step with representatives are Argenting, country's message of goodwill"!
Belgium. Australia.
Braz!! to the Chinese people, Mr Mak, State, authorities in pressing industrials.
British West Indies, Canoda, nid.
for more adequate measures in Into the carrier acction because Denmark.
Finla England,
The present allotment was cope with smuggling in They have
been behind the
MS France. Germany, Hungary,
"not
an inch per head for Eastern areas." even in many instances and
and India Isel, Italy, Japan, the Chinese people" but he
the It added that most of is a there
general because
cra Netherlands, Norway, Poland, pod that India would produce
involved in goods the railroads are fccling that
Sweden, Switzerland, more to supply China with military Spain, bound to benefit from the se- United States and Yugosinvia.- more cloth in The
from the Ryukyus future. smuggling celerated movement of defence United Press.
have undoubtedly been stolen Reuter. materials thig winter,
brought Buying
Gold mining shares were bid up by the time the meeting of the International Monetary Fund opened In Washington, The question was whether the Fund might take steps to boost the price of gold by permitting greater sales for industrial use above $35 a fine ounce or by outright subsidies to nining companies.
The delegates to the International Silk Con- Treasury which effectively congress have wound up five days of discussion of trols the price, has refused to
the silk problems.
London Talks On Silk
Problems Wound Up
of
The
US
boost it. At the end of the.
Intention" of paying any more for. gold.
all. Buying centred in Radio Corporation, cne of the leaders
company said
and it looks to and consumers of confidence. colour TV to expand the market
London, Sept. 16.
Far
Advance In Chicago Grain Prices
today
on
re.
Business was done in the local unofficial exchange market Vila meming at the following rates:- Sterling poto (per £1) US Dollars (per $1) Indonesia guliders (per 100) Sinan tonlu (per 100) 777 Singapore (Straits). !FIC plastres (per 100)
"LEXA MAERSK”
For Freight and Further Particulara please apply to:-
AGENTS:
JEBSEN & CO.
15.74 0,07
3.30
1.TO
11.20
Pedder Building
Malayan Chamber
Makes
Approach
To Mr. Gaitskell
London, Sept. 17.
The Malayan Chamber, of Mines has asked: the British Government to exempt from its threatened limitation of dividends British com- panies operating tin imines in Malaya and Siam, it was announced here today.
Tel. Noa, 36086-9.
NOTICE TO CONSIGNEES NOTICE TO CONSIGNEES
CONSIGNEES T'ER
BARDER-WILHELMBEN LINE
m.. "TUDOR"
pre hereby notified that their cargo I being ufgeliarged into the Hong- kong & Kowloon Wharf & Godown Co's gedown where it will be at coneluneer risk and sublect to the Yl' terms and condition of +torage, and where delivery may be obtened.
m.v. "MARON"
Damaged cargo ax this vessel will be surveyed at Holl's Wharf between 20 a.m. and noon on Septensher. 17,
consignees and 18, 1931, and requested to have their representa- ilves present diizing the survay,
NUTTERFIELD & AVIRE, Agents,
la the godowns for examination by Consignees
Damaged packages are to be left Hongkong, September 15, 155Y
Anch the Company's Sterkra, Goddard B 10 .. on the 18th
SUTVAYOIR. Douglas at
september. 1951. the
·
PRESS
are
General PHOTOGRAPHS
comply with To Bonded Warehouse Regulations, con- signees must have a Itevenue Omeer
The Chamber' chairman, Mr, axed by the British Govern-in attendance when damaged dul-
ment.
Kop.
cble goods are examined..
the goods
Copics of photographa
graphers are on view in No Fire Insurance will be effected. the Morning Post Building.
" DODWELL & CO. LTD.
Agents,
Hongkong, 14th September, 1981,
ORDERS BOOKED
Chicago, Sept. 16. Corn shot up
in an active,
Icitor to Mr Hugh Gallskell, Tin was held at a figure much | No cinims will be admitted - after week Treasury Secretary John The delegates from France, Spain, Britain, market on the Board of Trade, G. Glenister, pointed out in a
following
have left the steamer's takon by the South Chins official Chancellor of the Exchequer, below comparative world prices. Folosen, and all goods remaining un- Snyder sald the US have no India and Italy urged an increase in silk education Weather Bureau forecast of that as a result of the Japanese the chairman said.
delivered after the 20th September. Morning Post, South China. Despite these difficulties and it31, wil be subject to rent, scattered frost tonight for parts occupation shareholders in com- and a silk exhibits campaign to interest governor the main corn belt. If the ranics operating in Malaya re- bandit interference during the
Sunday Post-Herald, and All claims against the steamer must Radio television shares had ments in the silk trade and a wider distribution of frost materialises it may cause colved no dividends at all for past few years the industry had
be presented to the Undersigned on Chins Mall Staff Photo- damage to late corn crop, grain the greater part of World War done
done much, to one of the biggest vogues of silk products to the general public.
close the dollar or before the 21st September. 1931, men belleved.
ar they will not be recognised. II or for some yere afterwards,
Over 43.000 tons of tin were Mr Ernest Goodale, Choir- Senor Francisco Berandes, of Corn gained more than three A large part of the profits In the television field. Even nan of
the Joint Committee Barcelona, head of the Spanish conts at times, the September earned since the war had been exported to the United States in Eastman Kodak joined in the of the British silk industry, delegation to the Congress and December contracts going used for rehabilitation, and this 1949 and 44,950 tons In 1950, popularity. I has 1 huge spoke of disastrous fluctuations called on the governments of
to their
highest prices since finch restricted dividend payment This represented over 300,000,- potential market for black and in prices of raw silk which, silk-producing and manufac Moy while all other deliveries over the period selected by the 099-Reuter. white film for TV shows, the he said, robbed both producers tuning countries to old the tile scored new seasonal tops. A Government as the basle years
industry to recapture its lost large part of the demand cone for dividend control. He admitted that slik cat
slik could markets.
from previous short sellers whe never have much influence on Signor E. Rosseo of Italy, con- wanted to get out of that posible if the proposed restrictions
textile the other
economies, Radio Corporation was the but sald
the silk industry's
demned the present administration over the weekend. tions for high taxes which he week's most active issue, up primary funellon is to set # called the "enemy of slik,"
The strength in corn found 1% at 27% with 143,100 shares standard of quality by
reflection in other coronla Traded. It was followed by all other textiles are judged. The British Union represen-though wheat phowed some
Wade, International Telephone, up
Sidney Pila of France thuve, Mr
of
luctance to Join the upward the Sijk Joint Secretary p! · sill
Council, Industrini return to the the delegates of the necessity
reminded move at times.
Whent closed -1% higher. capital point of "capital point of pricealers and for hatmony between workmen wante and management in the silk December retailers
persuaded to
March reduce the
margins of profit on Industry, The volume of traziing
ailk thich, he sald, word Labour-management relations July 2
Corn was 131⁄2-34% higher? exceeded 2,000,000 shares every
a total of greater than in other textiles, recently has been poor in the day and came to
end to distribute allk KOOUR
important Midland | Sorenzote in Britain's
3-36 higher Septem
even more.
at 17%; Canadian Pacine, Apsald nny discussion
at 11%; Consolidated Copper Mines, up 1 at 1234, and Calumet and Hecla Mining up
% at 11%.
Mr Robert
problems must
which
10,928,000 hardd Fobruary email shops as well as in big ordery and
(and underwear (00%:
rince the week ended
10.000
city
luxury
Mr PM. Hilton,
torics,
Mr Podar of India expressod
It would be "grossly inequit-
were applied, he said.
al-
re
$2.43% $2.154% $2.4311⁄2
Mr Glenister added that when overrun by the | Malaya", whe
Japanese 10 years ago British companies were forced to aban- don their properties etter carrying ous military crders to sink or disable, dredgen and destroy [mining "plash."
Rapid rohabitation
was prevented by this "scorched earth policy and by the damage
Pacific Far East Line Inc.
Fast Regular Trana-Pacific Servico
DIRECT
SAN FRANCISCO, 108 ANGELES
Unftorwards
"FLYING DRAGON
“TUAJE WINDSC
···PHILIPPINE "DEAR"
done by the Japanese. Some com «GKORON LUCKENBACH" $1.70%-44panies were still not operating on # full epic, and only 70 dredges ест- were working in January Was 14-1% Ubred, with 104 in
establishments sh In the Curb market the five delegate, said that slike should confidence that, slik would not himenaren oir citata a when the tin most active issues wero Panek a wider public-Incrustig be replaced by synthetic fibros September consial Oil, off 4 at 134, and the younger generation, which and that if would continue he Consolidated, unchanged at one has had line chance to buy or àreat Ideal to the cone September
Associated Press.
suming publica-United Press, wear silk products,
Barbunds Wore 14-174 higher in London and Singapore, the *** 12.061024 price of Malayan tin was sirlei.
controlled and ⠀⠀ arbitrarly Associated Prostat
· OVERLAND "NEW Yong-CHIOAGO DETROIT TORONTO MONTREAL AND, ALLF AMERICAN & CANADIAN CITEEK
From
Arrives
Ran, Prancisco Atrasta
Bent.
Rept
San Francisca
|Ban: Frivièlica ·
Guam, Marinae. Islande, Migronesian Islands --- For full particulars call Dalled Bisbee
San Francisco de Log Angelni Ban Francisco & Liña Angeira
Fon Frañelsen & Lón Angéla San Yind có đi, con thro
vin Yokohama