THE CHINA MAIL, MONDAY, SEPTEMBER 24, 1951.
MARITIMES CITY AND THE ELECTION
MESSAGERIES M
Arriving LeavinE
M
Oniward" Por
Yokohama & Kobe
**LA MARSEILLAISE" .Oct. 20 Ort. 21
"LØS GLIERES“
.Nov. 11
Nov, 17
flomrward For
..in Port
Xept. 24
Oct. Z
Oct. 25
N. Africa & Europe Pliant) & Saleen
**MEINAM”
"GJALONG"
"OYONNAX"
**LA MARSEILLAISE” Nov. 1 Nov. 3-
passengers & freight
Stroje, Salzon &
Särgelites
freight for Saigon, Port Said, Tunis, Algiers, Oran, Tangier. Casablanca, Havre, Dunkirk, Antwerp &
Rotterdam.
Subject To Change Without Notice
CIE DES MESSAGERIES MARITIMES P.O. Box 63. Hongkong
Queen's Building (gr. floor) Tel. 26651 (3 lines).
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, via
BAN FRANCISCO. LOS ANGELES AND PANABLA.
NEXT SAILINGS
M.S. "TREIN MAERSK"
M.S. "PETER MAERSK”
M.S. "NICOLINE MAERSK"
M.S. "LEXA MAERSK"
M.S. "SALLY MAERSK"
M.S. "ANNA MAERSK"
ARRIVALS FROM U.S.A.
Sept. 30 Oct. 16
Oct. 31
Oct. 17
Oct. 20
Nov. 13
For Freight and Further Particulara please apply. to:-
AGENTS:
JEBSEN & CO.
Pedder Building
Tel. Nos. 36066-9.
Of
Healthy State Business In U.S.
New York, Sept. 22.
Production of the nation's steel plants was scheduled to rise this week to 2,023,000 net tons of ingots and steel for castings, the American Iron and Steel Institute said.
This estimate is based on the industry's plans to operate facilities at 101.2 per cent of their rated capacity, compared with 100 per cent in the pre- ceding week when output was placed at 1,999,000
tons.
In the comparable a week bestimated to be from one per year ago, when the industry's cent above to four per cent capacity was lower, an operat- below a year ago for the coun ing rate of 100.4 per cent re- try as a whole, sulted in production of 1,936,400 tong.
The Dun
Bindstreet and wockly wholesale food price Daily average gross crude oil index was at its lowest point production increased 4,000 ince November 28. 1950, barrels
in the week ended despite higher prices for such September 15, totalling 0.282,- staples ns wheat, beef, eggs 200 and compared with 5,938.- | and butter. 330 barrels a year ago, the
Amerlean Petroleum Instituie | The Index declined from $8.70 said.
a week ago to 50.77. It all Reports from refining com- was 1.5 per cent above the panies indicate that the industry year-ngo levet of $6.07. is a whole operated at 94.0 perj The
eent of capacity.
week's
motor vehicle Ward's Finished and unfinished output is estimated by
Automotive Reports at 120,705 petrel doctes totaled 114,318,- 000 Barrels compared with units: Ward's counted 90,988 trucks in the 114,871,000-barrels as of the cars and 20,717
Looking Forward To A Conservative Victory
Shortage Of Scrap Metal
Cleveland, Sept. 23.
Was
Steel production
the highest In a mouth last week. Steel Magazine reported today. but snertaga of serup has
taining the pace.
producers worried about main-
The national lagot operating ente sent up one point to 11 per eent of capacity.
the
That's exactly what 11 was one year ago, but capacity was substan.ially smaller than weekly magazine metal working reported,
of
R. I.
Victory ROYAL INTEROCEAN.
But Realisation Present
Of Hard Road Ahead
(FROM OUR OWN CORRESPONDENT)
London, Sept. 23, Reaction of the Stock Exchange to the announcement that a general election will be held on October 25 was both immediate gud es plosive,
The upward movement of share prices began on Wednesday on rumours that an official announcement was imminent, gathered pace on Thursday following confirmation of the rumours and slackened on Friday. after the first "psychological" effects had worn off,
Though reactions differed. in various sections
of the market all were based on one assumption-- that a general election would result in a victory for the Conservatives and therefore in the demise of the dividend control proposal.
The demand for steel is the greatest in the Industry's history. Steel said, and most milles will Enter the fourth quarter with substantial arrearages and little chance of catching up on orders a result during the period.
tatting Some producers are nothing but top priority orders for the first quarter of 1952.
Was
SOME DOUBTS
But even on the question of de nationalisation et the
sice
Given this assumption the party to the peribilly of do- artonalisation operations by the markets behavid much at
These share. Conservatives, be expreted. that had suffered mos: heavily! the dividend con-, ret announcement by Mr Gary, kell on July 26 came back into faveur. On the other hand, the In dolor stocks, minor bcom which had become the favourite hedge against a dividend freeze. was nipped in the bud.
HONGKONG SHARE MARKET
Dain
27th Sept. *8th Hept. 29th SABL
20th Sept.
3rd Oct.
Sth Ort,
12th Oct,
15th Oct.
Zod Nov.
it'Oct. 2nd Qet.
3rd Oct. 4th Det. 11th Oct. 12th Get. 17th Øet.
121 Del. V
4th Nov.
Data
2th Oct.
1111 Oct.
112
Nov.
་
Ship
"TABUAN”
ARRIVALS
HITJALENGKA"" PINKAMPER". ESTRAAT N
MAKASSAR” KVAN BEUTAZ” **TEGELBERGS
"TJIWANGI” · “TJIBERARY "STRAAT
Page
LINES
From
Baldrian Dell, FedRAX & Singapore Macassar, Java Farid & Singapore
8. Africă d' Singapore
Holland (Malden Vorage) Japan
şa Amarica, 4. Afries, 'Singapora.
Manis
acassar, Javn Porta & Singapore Japan!
MAKASSAR"" Japan
SAILINGS
**TJITJALENGKA".
ISTRAAT
MAKASSAR".. UTJIKAMPEE”
VAN BLUTAZ EVEGELDERGY *TASMANU "TJIWANGI". TJIESAU"
"STRAAT
MAKARNAR"
To
Singapore, data. Ports & Machțâne
Japan Portu
Japan Parts
Alagapore, Penang' &° Belawan Deli Japan Ports
Aingapore, 'anang' & Delawan Dau singapore, Java Ports & Machake Manila, Singapore, E. & M. Afrien [& B. America
Mania, Singapore, R. Africa & 8.
Ameries
Agents: HOLLAND EAST ASIA LINI
Ship
“ROOGKEJIR"
ARRIVALS
KARENDERERK”
HÄRENDEKERK”
“nd werk Nov. “KIFLDRECHT"
Di Del 13411 Oct.
"HODOXKRK"
From
Furope & Singapore.
הנקין
תופפה
Europe & Kingapore
SAILINGS
То
pravlja, Singapore a Eŭropa
"ALENDSKERK"! · Jadau vis Minila
“ARENDSKERK"
Manila, Singapore, &. Europe.
KINGS BEH DINE. ATTEMONES: 2815 TO 2013
(Our Own Correspondent)
industy to which the Conser Business done
on the Stock this morning Was th Nov. vives are pledged -eerlain Exchange
For valued double present themselves.
ot $600,236, Noon instance, what
are to be the prices and morning's trans- mechanics of de-nationalisation? actions:- As The Times' city editor ecm-
"It is odmittedly part of the on Tuesday, our chickens before they are lose rose to 135.3 on Wednesday and hatched. Eu; counting the eggs. to 138.0 on Thursday. On Friday before an omelettes unscram
a calmer mood prebied is an exercise in a different vailed and the index fell back; stratum,
On balance, however, there
The Financial Times' index of industrial ordinary share prices.
Carbon bars are becoming difficult to obtain, and plate- makers say there is little chance of rolling any new orders which stood at 133.6 after the Stock Exchange's business October and November, unless some current orders are
can celied. Associated Press.
cf busines
however,
to 138.2.
SHARES BUYERS BELLENS -BALES
BANKS
INSURANCES
10
HK Bank 1500 1500 Last Asia 1234
30 3840
"
730 700 44.20 133
COMMODITY Naturally the shares mar: pro-sun be a doub: that the City in
INCREASES
IN CHICAGO
Union ...... Underwriter HIK FUS
pocits, ETC.
Whart
N. Pt. Wharf 8.10
Dock
Provident Wheelock
miken. in this rise wire host general, and the investor in part. which had registered the biggest cular, looks forward to a Can-
servative victory with high hope. LAND, ETC. falls
the Tellowing
dividend
dena who her freeze proposal.
these hopes will be Theas included, besides a a wide range of
home justified in the even: is another industial shares, most rubber mater
tin
and other
overseas com-
The Stack Exchange Wall mcdity shares. But for the faci probably now settle down to that the dividend control yrs await the result of the poll in the knowledge that this week's Ohleago, Sept. 22.
posal Reef had been largely disundisguised glce on their Prospect that the Agricultur: counted by investors, these ses
par at the announcement cf. a Department's thousands of flel:might well have gone further.
gencial elcetien dat: is already works will son bd urging
In Friday's me:e canticu: Providing fa:mers to hold back earn en toybeans for higher prices rent atmosphere some of the previous pagada per: for the Sozialles.
were last but the these commoditics up, on the day's goins Board of Trade today. Gain: undertone remained very firm. ranged to several cents at or time.
mine
Oats miro armed, bring helpci by the Agriculture Department: annuicemont </ overnight higher support for the 1952 erco,
TIME TO CONSIDER
Investors have now had time: consider the new set of cir-1 cumstances, and their genera!{ conclusion appears to be that although prospects are much! News from Washington sa brighter than seemed possible a e Agriullure Department we week or two ago, a Conservatiy:
making plans to urge farmers to victory which is taken for gran Government Itan as long as they an unmixed blessing
corn and beans in thesed in the Cy-may not be ca
had
lean is higher than free marke: priscs. A similar campaign now under way in cotton.
In
excellent
pro-
Decline In Bradford Wool Price
10
PENINSULAR
700 @ 1811
14:10
0.25
HK Hotel
1 Land
.. BITS
S'hat Land 13 Humphreys UTILITIES
Tramm
P. Troms (0)
Star Ferry
C. Light (0)
200
in 10% 1000
C: Light (N) 0.50
C. Light (D), 0%
Electric XD. 3511
1000
83 3 3 8 8 8 8 8⠀⠀**** $8888888
Telephone INDUSTRIALS
Coment
Jope Datry
1412
1415 1:43 SOB
on
Bradford, Sept. 23. There was a linjfteď volume of business in crossbred wool tops lost work, pardy on export STORES, ETC. account, and prices have moved steadily lower.
The government in power after ; next month's general election whether Socialist or Conservative Wheat closed unchanged to will have to grapple with cus higher. December 22.4515-45; March of the gravesh economic crises of $2.40: Any $2.4012 July $2.4211.
Quotations were basert recent years. There is no reason
Conservative] New Zealand rather than Lon- Corn war 15-1% higher. Decembero belleve at a
REVernment
costs and would find a quick ten
some of the and easy road to a solution to business accepted was believed such problems as the shortages to have been at prices whicht of coal and electricity and the show little profit on wool bought deteriorating balance, et pay-in the cheapest markets. men's elustion.
There is a feeling in wool be hopedquarters here that prizes are
nearing the point at for is that a government will they may command increased be returned with a large enough attention on the intrinale value majority in the House of Com- of wool but dealers are niwailing · mans to take the necessary dras-more encouragement
le action that these problems consuming end.
53%
Cats were fells higher. December Rye, new style, was 14-13% higher.
December $1.75 new style).
Soybeans
13-24% higher.-- Associated Press.
were
£150,000 On
One Deal
The most that can
Props.
which
from the
17.60.
300
1772
Watson COTTONE
Crawford
*
Ello
2.00
Big Advances
In Cotton
30.12
33.04
New Orleans, Sept. 20.. Top quotations were
tower General buying in cotton than a week agɔ, as follows: futures today skyrocketed However, from The Cas 70th "A" 140 pence per pound. point of view there are severzi 64th "A" at 130 pence, "B" 125 prices $5.30 to $6.85 a bale be valid ræsers 40 hope for pence,. 00's super 112 pence. 58: for profit-taking cut the rive. Conservative victory. In the super 103 pence, 50's super 92 Clering prices were very steady
$2.85 to $3.40 a bale higher. Norman Henry Teakle, 56: plaze, of course, it would remove i pence, 9's 70 pence; 48's October
38.21 year-old ex civil servant, whose the present threat of dividendence and 46'a 63 pence-United De
36.02-04 December commission on one lorry deal [control,
March
30.07 was said to be 150,000, died
Conservative Secondly,
May FABRICS UP Indeed, he left Chancellor would probably take n pear on ร.
July vers little," his widow said.
a more lenient view than his
New York, Sep1, 23.
Spot cotton closed steady output. This compares Teakle was once Ministry of Predceerror towards the raising
American Woollen Company, $3.00 a bale higher, with 100,504
35,05 largest weǝl and Middling Railroad freight
cars and 20,005 Supply deputy director of dis-of new capital.
be so the world's Thirdly, there would trucks assembled
worsted the previous posols, and he left the Ministry
fabric. inakor, today bounded up sharply last week. week and 153,000 cars and 20,- 1947 after
-Associated Press. mare nationalission, run inquiry. had of American 307 trucks Association
This Was built in the some
the psychological announced Spring prices arcund Railroads reported.
heen held by Security officers.
thom! the Stock Ex- 40 cents a yard higher weck
background 40 1950. Associated of Loadings for the week ended Press, September 15
totalled 850,812
Thursday, cars, up 117,004 cars or 10.1
ent above
previous week.
the
..per
volume
the previous
week, which included the La
bour Day holiday.
-
carg
The total was 15,840 below the corresponding wick in 1950, but 107.700 corn or 14.6 per cent above the came week in 1049,
CONTRACT AWARDS
Price Trend
In
America
Then he became a director of change boom on Wednesday and the rdvances on its Spring Exchange Rates
Alisa Aviation, a churter com-
Ipanced pany'
jointly with George Dawson, who Ja now on the Continent.
.
OTHER FACTORS
1
1952, fabrics ranged from 35 cents a yard on's few items 15 5215 cents on one of its suiting Friday's pouse for redeelten, mixture Mes of the Increases Mrs Teakle said that she had on other hand, showed that in were a fat 40 cents a yard—Sterling note (per £11 16.78
to England the
vestors
factors
wire aware that other brought back
were avolved. On 3 luggage her husband left in the | reassessment of the prospects Swiss sanatorium where he died.
the view Washington, Sept. 22.
"Apart from his clothes, there they came round to Wholerale prices, as measured
expressed by The Economist' the are only a few personal docu-"there are no host and cory by the Government, continued ments," she said..
roads through the dark entangle- their steady decline during the Heavy construction contract week ended September 10.
Seciland Yard
ment of economic and financial has bean awarty reported in the week)
difficulties that will confront the The Bureau
of Labour searching for Bics of correspon-new parlament." ended Monday
to $232, Statisties reported that is index J'asc
dence and contracts concerning 381,000 or 22 per cent more than edged down
Overriding problem that the the previcus week's $189,224,000, ‡ during the weight,!
per
cent
sales of Supply Ministry Sur
new governmens will have
· Engineering News Record said, i
cammodity prices
ssive is how to elop the inflation However, the total
Wheasured by the Associated рег cent below the weekly Preza commodity Index inched average to date this year and upward for the third week lo s also below the $238,800,000, furrow.
year.
was 15 ng
1
Associated Press.
INDIAN COAL
FOR JAPAN
Tokyo, Sept. 23.
tons of A total of 203,000 plus vehicles
Indian cool will be imported of the was by the Toyo Menka allowed to concem the sale, or that is now taking a fan hold under tho April, June and
foreign u at an average is to pamless cure for this Anan-July, September according to 4,000 vehicles price of £40.
cial ailment. Can it may will rency Many of these vehicles were tavol mestures the will prove trade sourceS
said to have been sold by thorn the Cily, "Ahead (23. ↑ 20.000 tons
firm that bought them from
Include
taking of; short-term The Ministry for an average of interest cakes, and Friday's down- £250 each.
word movement in short-dated The first creditors", and shard-
the corresponding weck last | The Associated Press index of 35 Important commodities Commservial and Industrial tod on Friday night at 100.04
nd Indus failures Increased.15 104 in the compared with 100.09 last week week ondod Sept. 13, about even and 104.05 A year ago. The with the 106 in the like week hase year is 1920, which equals of 1950, - Dunn and Bradstreet re- porter leday. In the preceding Livestock prices led the in- fios, ff, was held May week failures totalled 110."); crease with
linders' 'meeting of Atlas Aving off
at the
Business was done in the local moming at the following rates unofilclai exchange market this
U.B. Dollars (per 100) Indonesia rufiders toër slam ticola (per 100) Singapore (Biralis)
FIC pastres per 1001
7
SAILS:
& ORIENTAL
· STEAM NAVIGATION COMPANY
R.M.S. "CORFU"
NOTICE TO PASSENGERS
BAGGAGE:
SPECIAL NOTE:
EMBARKATION:
FRIDAY the 28th September at 12.00 - Noon for the United Kingdom vla Straits, Colombo, Bombay, Aden and Port Said.
ALL passengers baggage must be sent to the Hongkong & Kowloon Wharf Co.'s Godown at NO. 2 Gate, CANTON ROAD ENTRANCE BY NOON on THURSDAY the 27th September.
With the cxception of hand packagos, carried by passengers themselves, ALL BAGGAGE must pass through the Wharf Co.'s Godown, for loading on board by ship's slings only..
Will take place on FRIDAY the 28th September between 9:00 AM. and 11.00 A.M.
SOUTH CHINA MORNING POST
THE CHINA MAIL
SUNDAY POST-HERALD
ASK
THE MOST EFFECTIVE ADVERTISING MEDIA
COLOUR IS AVAILABLE TOO
AND RATES FOR PARTICULARS COMBINING THESE LEADING NEW
Pacific Far East Live, Que.
DIECT
Fast Regular. Trana-Pacific Service!
SAN FRANCISCO, LOS ANGELES
"OVERBAND. NEW YORK CHIAGO DEINDÍT-TO MÚNTERAL AND · ALL AMERICAN, A PANA
Quám. Morinas falands, Bilcropesian Islands — Regulár Bervice direct ar wilḥ tränahisment
amount - contracted, go to the Toliyg Gas
and a similar Company quantity to the Oraka Gas The Yawnin Iron racks reflected this
this Company
and Steal Works and the Full Ontheday, feeling abroad, in recolyek 60,000 one and the
hand there is Iron and Steel Works will coch "FLYING DRAGON"
"install: trade roso alihlls of 6.30 points. Alco: higher Labilities wore then said, to be 'l'he Clity that the Conservatives & ORDAN DRAW
| Taho Company 3000 ton
ton will
KA, LEPHILIPPINE HRAR" of thy "assets i would; have more success-in could be found
Sny Mr Tenklo "My tius Books Tar werkende in JapaHere band lost the money he put into-caged prices is partly fat to the same source.--United the company.
Eributable to this being and ales: Press.
a. spectacular gain
Beauty
Meek over: the previons were Industrials and the grains." - £31,000. No 15009 MAKA UN combating - Infskim them that be, according
the part reported,
werk endod
god Bradstreet On the downside wore food and texules, le fekilles hung a Total retall volume in the new low for the year-Asso
Wednesday was (ciated Press.
From
Artivas
Ban Francisco
For fall pårticulars onli Dúlled Biales £ffen Do., Genarai