MESSAGERIES
MARITIMES
MOM
10
Homeward for
Arriving
Araving
Gotward For
*LA MARSEILLAISE** .021 0
"LES GLIERES"
-NOV
f
thel 20
Nay
Yokoham
*
"OTONNAX"
LA MARSEILLAISE"
Nos
Det 14
Nos
1
MONKAY"
Vor
Nov
25
passengers & freight
Kobe
N Africa & Europe Manila, Salgoh Marseilles
&
Africa &
Furepe
† freight for Saigon, Port Said, Tunis, Algiers, Oran, Tangier, Casablanen, Havre, Dunkirk, Antwerp &
Rotterdam.
Subject To Change
Wichewa Note
CIE DES MESSAGERIES MARITIMES
P.O. Box 53. Hongkong
Queen's Building (gr. Boor) Tel. 26651 (3 lines).
い
U.S. Auto Industry Engine-Conscious
Detroit, Oct. 15.
THE CHINA MAIL, TUESDAY, OCTOBER 16, 1951.
Russian MORE HOPEFUL TENDENCY Offer At
At IN AMERICAN BUSINESS: E.C.A.F.E. TRADE BOOST EXPECTED
Moscow. Oct. 15.
The Soviet Press reported today that the Russians, at the economic conference in Singapore. offered to sell Asian pations materials vital to industry and agri- culture. in exchange for raw materials.
The Press corried
a long re-
port on the meeting, called by the Economic Commission for Asia and the Far East, under United Nations auspices. Russi
sent eight representatives to the 26-nation meeting. which open- ed last week in Singapore.
New York, Oct. 15.
There is a slightly more hopeful note in civi- lian goods circles while defence industries main- tain their familiar high production levels.
INTEROCLX
HONGKONG
Date
Ship
In
Por
"TASMAN**
$10 Part
16th Oct. 20th Oct. 2nd Oct.
24th Oct.
25th Oct.
30th Oct.
20 Nov
SHARE MARKET
The civilian trade boost most businessmen ex- pected after Labour Day still hadn't appeared, but a scanning of third quarter figures indicated that' dangerous ingentories had been pared down a bit. And some lines were moving out of the summer (Our Own Correspondent! slump, but the movement was slow.
Cotton Prices
Regain Their Equilibrium
Pravda sakd the centre cat attention at the meeting Was held from the outset by the So viel delexation, whose offer to trede with anybody there creat- led a sensation. The Communist Party paper sald the announer - ment was particularly staffing in view of American and Britis. analerents Whol Astan nu- bons could not expect to receive
New York, Oct. 15 as much equipment as they have,
Calton futures regained their been getting because of
the equilibrium
Lodny after a erect libe almaments indus shaky start The action halt- cd the previous three-day which pushed the market down around $5 a dar from the highs of last Monday The day's advonice ranged up a bale and was ac- 11 $1.50
in the face of ar volume incr: ased
<if hedge
Union Soviet
is telling also to Have propone i
timber, Fertiliser, grain 11 consumer goods.
try,
The United States automobile industry cur- rently is more engine-conscious than it has been have for several decades.
And the reason is simple: Increased horse- power and higher compression ratios have had a steadily mounting appeal to motorists since World War II. Thus the car plant has become a major competitive factor in recent years.
EXCHANGES
Ala
IN NY
Ne Youk, De: US$0 90
13
Tuple flaccidi
toofthed
30-day Jutures 90-day fuhren
Australia pesand i New Zealand und South Aflea ·friend!
Conradie
Fance iframe
The Russ
were said by decline uffered Asian nation. Jathes. electric power equip nien, electro-technical an.! transport
mining. equipment, textile and light industry uncomplished agriculture machines. reported seng Asian nations
The
cemen
The turn in market sentment was coupled with several [ac- lots the in@ationary
psy- crology: the Washington price They would take in payment.
plapping proposals and the notice- said the Press, such Asian-able improvement in demand produced items as jute, rubber for finished cotton fabrics for shellac, rice, copra, spices, in the first time in weeks. The Just to bring out new Flea and quinine bark
Rer w s pointed up by the in- slowed down
of the The section
report
of mill buying by the pleure programine. Bu offering to seil "quipment
leased volume 1 futures, trend toward more power-
materials purcha GW
inf, Funately 101 Suite
Cand perhaps for some Inters
wwners--the
engines Bar breu
3.
and
wa:
In and more smoothly func- printed in all Singapore paper under such headlines as 'Russia
c
tioning engines. has been thetely began
Charles Kettering, the auto rec[ li[l i sv
beloved
hand
7 39 askedj engineer- scientist, had
in devel sang hend in car en- 7 234.
tires as he had in many other Ban gineering advances of the modera automobile. Before Bu refuement in 1947
as heat! Mutors' of General
researc vision, Keltering figured pro- minently in perfecting the new C'esillar
and
Whe
791.
f
Bunark komis
1453
40281-96
West German Deuts
turk
420
Inland guilder i
www
Dial official
11010
Norway kroni
14853
Portugal vescustoi
0:14h
Spain (penetra
0261
Seden krand
0935
Switzerland Ster
2293
Middle East
Since then brought vnt powerful
Ил
engine;
Expunki)
Friar Turkiy tar
Latin America
03129
# 01
Aig nine whetal
1.67 cruzeiroi
0556
livin bolivinnas
Citle-free
0150
Lumilata foHOU
4025
Cuba peam
Med pr01
155
Text-free
0650
Ay : gremissz
41
Ventura boltvar!.
200
Far East
Exp. 1
2100
Pakisin
2030
1553
2040
3:195
360 yen to US$1
nited Pre
Honkong
Intraorala
Shane gute
Зарап
Jap Bonds In London
London, Oct 15
Japanese bonds
"A" (43. of 1899) "B" (4s, of 1910) "C" (55, of 1907)
"D" (5 of 1934)
"E" (645 of 1934)
Consols
-United Press
NEW YORK MARKET
Besel engines
Oldsmobile
offers 12 trarke with all.' Prayda said
F
A goodly number of business- men are looking forward to an exceptionally active Christmas season.
The New York buying Arm of Felix Lilienthal and Com- pany noted an improved out- look in spite of a sales decline. Company This attitude, the said, appeared to be the retail opinion generally.
One of the mest encouraging signs, Lilienthal commented, le 'that employment is at its
highest level since 1948.
Business done on the Stock Exchange this morning Was valued at
Nc3 $270,540
te morning' - quolations an
ansactiona
BANKS
ARRIVALS
Japah
From
**THIWANGI" TJIBESAR ***VJIBODAS" -TEGELBENE7** THBABAK“ STRAAT
MALAKRA" SEIITJALENGKA"
STRAAT
MARASSAIC"
Belawan Deli, Penang. Singapore &
Salgon Macassar, Java Ports
Jaya Porly Japan
A Singapore
Java Ports. Macassar & Singapore
5. Amerien, Mirica & Singaport Macassar, Java Parts A Singapore
Japirn
SAILINGS
17th Det
Oct 22nd Del. 22nd Oct
--THBESAJU
HK Bank
INSURANCES
1640
26th Oct. 28th ❑r: .
140
Hor 760
$ 500 4.90
3rd Nov 4th Nay.
Union. Unterwriters
HK Fire 140
DOCKS, ETC.
N. Pt. Wharf Provident
S'hal Dock.
LAND, ETC.
HK Hotel HK Land
S'hai Lend
The defence production ad- ministration (DPA) announced the Government would cut dowN UTILITIES on the manufacture of civilian items in 1952.
many
ручение
But Manly Fleischmann, DPA head, believed there still would be enough for normal needs.
Mr Fleischmann sald the chances were that production of such items
refrigerators, stoves, radios, TV sets and home appliances would be reduced.
as
SHOULD BE ENOUGH
But, he added, because deal- sup- ers are currently amply plied there should be sufficient to meet normal consumer de- mands.
0.86 14.70
4.28 · B 1000
4.50
6.13 G.10 1000 @ 0
63 300 $215
G
2.20 1000 220
17 300 @ 18.00
300 16.85
1000 10.80
P. Tram (0) 29%
Light (0) 9.10 9,35 2300 @ 1.25 8.03 300 0.05 Light (N) C. Light B 1.00
0.05 2500 m 0.
5.95 221% 20% 3000 (3
Mectric Telephone
ENTJUSTRIALS
Cement
Hape
STORES, ETC.
39999
13.90 14.20
500 A 20
Dairy-17.00 18 800 1.20
Watson
22.75 2001
Wing On
Crawford
129
50
4.15
1000 2
4.20
The cuts on metals for con- were set at sumer products 11% per cent for steel, almost COTTONS 30 per cent for copper and close to 17 per cent for aluminium. effective January
The market opened up 10 on Decembers and off 13 points on in other positions but steadied quickly and then moved irre, The
In that thegularly higher to finish near the paper chied Soviet delegatio demonstrated
tup and up 8 to 25 points on the the willingness of the U.S.S.R to deal with all countries "of 2 basis uf equality and mutur advantage-Associated Press
Wool
Price
Has Down Again
Chrysler
mer: ever
Studebaker ·
111 Hudson have intro-lucca
power
ad- plants and 1.ew vances have been made by other Campaus
day.
Prizes closed as follows.
Spr
October
Jecembe
March (1952!
MAN
Jul
October
December
| March 1953
37.70
38.87 -30.80 36.66 -30 0 38.00
3816-30.12
$4.01
34.87
34.82 bid United PUSH,
NEW ORLEANS MARKET
Spet October
of December were March the Mai July
Melbourne, Orl. 15. Wool sales at the close
sales today's Brisbane Ave lo 81% per cent below
1} of October Sydney rates extensive chigine Top prices Meanwhic
pald were 135 development work has been
for five balts der way the laboratories per pound of all auto makers I no longe, 64/70 greasy merino fleece and is a secret that Ford will have 1804d for five bales of scoured
fleece. now engines in 1952
501
POST-WAR TREND
December
(1932)
if March 19331
the
Europe and Japan were cidef buyers with Britain an
States the United
providing
!: also is a safe assumption some support.
.ba what GM and Chrysler A total of 16,649 balen: have learned from the develop-fured of which
of their top post-war cleared.
gins will be passed along to.
At Melbourne
were
10.400
Weir
bidding wa-
- their several car divisions slow and hesitant at the open-
Bry some instances this will be ing.
sont
In some of their 1952 Early
Howeve: cars
rates were
below The model
some, auctioneer's flis: calls but general will have to wait another year average prices showed Bate or more. Bulek, for example, change from the rates ruling a has noted its dealers it will other centras on October 11 excep. engine in its for better style merino fleece.
which were slightly lower.
Competition cam: mainly from European buyers. British buyers were quiet.
have J
now V-8 1962 cars.
The post-war trend in engano design has been largely toward y-8 ypes.
And though there has
Today's opening was in marked 70 been considerabic !xperimental!
werk with V-6 engines, there isn': teras: :3 the excitement of th: 57 109 any present indien on that the elesing day of the las: series a
ziler design will be brought int 125 carly use.
66
New York, Oct. 15,
tormight ago when prices made their As recovery for months.--
A major objective in car engine, Ruler. cesign mostly Is weight reduction. along with increased structural; strength This has brought
as
in
Asked To Save
Petrol
|
35.50
37.00 bid
30.86-30.57 36,70-38.72
30.00-36.65
Chicago, the Purchasing |
who Agents Association-men
E
buy industry's supplies The
economist A. W. Zelumck pre- dict inflationary trends for
next year.
With
income rising
und and of appliances supplies automobiles limited, an infla tionary gap will begin to open Atp again, Mr Zelomek said.
It won't be a big gap, he added, but a gap big enough to ct as a stimulating business factor.
22.50
Rubber
Markets
London, Oct. 15. Prices of rubber futures closed today as follows:-
Number rubber. to cons
per Tb. November December January/March (1952) The resull, he predicted. April/June would be upward price pres- July/September sure; soft lines such as textiles:
and apparels will be held by t 36.09-38.11 growing excess of purchasing !
34.87
34.79 bid 34.75 bid -United Fress
power, and consumer buying will again become more aggres. sive.
TIME FOR PLANNING
certainty U.S. Grain
Futures Advance
situation
1
Marija.
Afrien
**TUWANGI TIBODAS"
"TASMAN”
"TRADAK” -STRAAT
MALAKKA --TJITJÄLENUKA”
STRAAT
ᎢᏯ
Singapore, I AN
&S. America
Stagspore, dava Poris & Morgenar
Japan Porly
Saigen "& Djakarta
Japan Poris
Japan Ports
Singapore, dava Poris & Macassar Manda, Singapore. K.
Amerien
Atries & K
General Agents: HOLLAND EAST ASIA LINE
Date
MAKASSAR"
ARRIVALS
Ship
From
Europe & Singapore Japan
Europe & Singapore
BAILINGS
Pari *ARENDSKERK" 5th Nov. "ARENDSKERK" 2nd week Nov, “KIELDRECHT":
16th Oct.
6th Nov.
то
"ARENDSKERK" Japan vla Manila --ARENDSKERK"
Manila, Singapore & Europe
YINGS BUILDINGE TELEPHONES #28015
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO;
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, via SAN FRANCISCO, LOS ANGELES AND PANAMA,
NEXT SAILINGS
M.S. "PETER MAERSK" M.S.
"NICOLINE MAERSK”
M.S. "SALLY MAERSK”
40 0015
4022-40
4912-46
414-16
480-47
413% naminal
M.S.
-United Press.
SINGAPORE MARKET
Singapore, Oct. 15 Prices of rubber futures closed today as follows:- Number 1 rubber. per lb.
October
November December
October
3
He
the urged
purchasing: Number agents not to let doubt and un-
undermine their Number
October thinking. This is the time, he
4 Number soid, for
and aggressive
October constructive planning.
rubber,
rubber.
rubber,
Spot rubber, unbaled
Black crepe
The President's Council of No. 1 pale crepe economic advisers reports that!
industrial output continued to
September.
The Federal Reserve Board's production index climbed to 220
15416-350 154-195
149-150%
14452-14532
13412-1351⁄2 154-155
10942-120%
158 -163
-United Press.
NEW YORK MARKET
New York, Oct. 15.
Crude rubber spot No, 1
Associated Press.
Chicago, Oct. 15. per cent of the 1985-39 average, i ribbed smoked sheets 52 asked. Soybeans led grain futures This was two points above the small producer August level and compared with higher with offerings and the tight supply the year's low of 213 in Juty bolstering soybeans, and with 211 in December, 1950. while wheat was strengthened The Council also reported by the cold weather plus rain and snow over the Canadian that total production of goods western provinces plus the anti- cipation of German buying this
Wheat futures closed! week.
to 14 higher and soybeans were 3% to 4% higher.
Prices closed as follows:-- Wheat-price per bushel
Spot
September
Auckland, Oct. 15.
New! May
2.50-2.501 134-2.531 2.5394-3 2.40%-16
December
March 1052)
May
Corn
Spot
September
1.823 1.7816-
December
182
March (1052)
Rye
1.8316-
it
of high octane July
Oats
September
Was
July
016-0
0237
--United Preas.
enawed interest in aluminium ar Stock prices moved higher to- & substitute for such cast-iron clutch day with rails improving to the parts engine blocks, best level since last February housings and cylinder heads. 17. Some profit-taking near the The Kaiser-Frazer Company, close pared values. Specialities with heavy interest performed well and cils
Oil companies asked and aluminium, has been doing a metals, had good gains. The good deal of experimental work Zealand internal airlines to con- Industrial
average gained 61
serve supplies with aluminium engines, cents,
utility 2 cents, the general But aluminiurn is going to be petrol until the world shortage September
-acute, while rails 10 cents, average
on the scarcity list for a long becomes lost 8 cents. он 1,109 Issues time. It is likely
that there learned today. traded, 442 advanced, 441 de- will be
It is not expected this will switches many more clined and 280 were unchanged. from aluminium to cast-iron mean any petrol rationing but before the car the request was made to ensure enging pistons Industry gets ឆព aluminium that, consumption is maintained engine to the production stage. at the present level of about
5,000,000 gallons per year. -Associated Press.
Turnover tolalled 1.710,000 shares.-United Press
New York Sugar
Futures
New York, Oct. 15.
World sugar futures closed
Steel Output Schedule
tess
It is not considered likely that the shortage will mean any revision of plans to extend New Zealand's air services in the Pacific-United Press,
and services in the third quarter ran at a record annual rate of $328,000,000,000 compared with En annual rate of $325,600,000,- 000 in the second
quarter and $818,500,000,000 in the first three months of the year..
Crude oil production/hit 6,257,150 barrels, a record high for the fifth consecutive week The previous week's figure was 6,229,450 and a year ago it was. 5,803,200.
RECORD BORROWINGS
Businces was borrowing at & record rate again for expansion, and other purposes. inventory The total business loans $20,171,000,000, also
was
a record tor the Atth consecutive week. It compared with $20,078,000,- 000 the previous week and $15,065,000,000 a year ago.
LONDON TIN MARKET
Landon, Oct. 15. Prices of tin were steady this mothing. Turnover was 65 tons, acne for cash,
Prices closed o; the end of the official morning session as follows:
Epat tin, buyers....... 1,015 Spot tim, sellers 1,020 Business done al ......... nil Three-months tin, buyers 555 Three-months tin, sellers 05716
8574-956 Business date at ...... Settlement
.... 1.015 United Press.
Pepper Market`
Decline
World Cotton1 per cent of cased interest
Production
New York, O!, 15. Steel production was down a ale from the preceding week but Black pepper prices sattened continued at the exceedingly high today in the absence of buying with spet materiel offered down 2-3 etnis a pound. the flaancial world, the trem the pre-holiday basis. In Trezury Deparment announced will sell $1,250,000,000 in
John
Dealers reperies that buyers bills" which may be used to pay were not interceled in offerings of Washington, Oct. 18. Income taxes next Merch, Pur-spel material at $1.65 u pound. Seeds And Oils that world cation producing payments can each them in en
The Commerce Department chasers whe denture them for November delivery was indica:cd
$1.03.
December $1.81. d New York, Oct. 15.
ber/January shipment $1.50 today unchanged 10 1 Jower Steel production is scheduled
tion is expected to reach about Match 15.
January/March $1.45 a pound, ull with sales totalling 23 con- to stay well above the 2,000,000
New York, Oct. 15.)
Treasury 35,400,000. bales in 1081-1953.
Secretary
en ao ex-dock batis. While tracts.
Prices in the sects and oils The estimata toprekends a Snyder explained that the
spot was quoted Contract No. 6 closed 1 to 4 ton mark this year, the Ameri
nominally at around $2.50 乩 lower will sales totalling 34 can Iron and Steel Institute re-market closed today unchanged 7,800,000-balle, or 28 per cent offering is intended primstly municken
with the following exceptions increase over 1950-61 and is the for big corporations which are stad Un.led Press, ported today.
!
Castorsked, per long ton, highest estimate. of
year building Up tax reserve tunda. It Bald the nation's steel F.O.B. Brazillari port 2.68 except 1937-38.
The smallest denomination will plants have scheduled opera- nominal.
The Department said half of be $1,000; the
largest $1,000,000. ons at 102.1 per cent of their New York Peanuts, Virginis, Dile vene's increase
of a prices
Aw prime and rated capsolte, estimated to be Médium, per lb. F.O.8, ship: India, Ching, the Saves Union on the food front, retail Exchange Rates
contraria.
March
July Beptember
Spot
'January (1969)
Prices closed as follows:- Contact No. 4 (world) January (1063)
5.18 bia 5.10-bid
0.18 traded 0.20
6.30 nominal
8.10 Tented
March
May
Bebember
Contract No. 0
das Unded
".
equal to output of, 2,041,000. net ping point 20-214-United and Koron whose mill consump-choice grade beef cuts dropped lons of Ingats and steel for Pres
tion has mereased sharply much as 13 cents a pound in web done she sol cestinge.
"The Department dided
that
scattered matkeje This would be alightly above
New York, Oct 18, the world export tidal dotton balked at greethi
Den traded last wook's production of 2,028,- Copra was quoted today at in 1900403. amounted ṣto-15,000 ~ | Feductioris of kawal morsing en the Lollowing rates!
6.68 nominal BAN
this
But home (Der. K1) 2 10.71 /Iri@ 3:$37) Tollars (pee. $1) DIMMABLAY 000 ions when the turtle worked 8100, asked par pound; Cocomaut 0001% bales, compared with the mirror with moal bett norwede aurorna, oque 160;
1240 at 101.8 per cent of capacity did was quoted for 14 cents a 151000,000 Bales the your store and pork prices holding at the more
new ceilings »Autovisitd Fress. / for Semen (per 100) panna. 19.88 Associated Press,""
pound" asked Unived: Prén
ZUnited Press.
£ 1061%
Oct. 17
Oct. 81
Nov. 15
ARRIVALS FROM U.S.A.
Oct. 17
Nov. 13
Nov. 30
"LEXA MAERSK" M.S. "ANNA MAERSK" M.S. "LEISE MAERSK”
For Freight and Further Particulars please apply to:-
AGENTS:
JEBSEN & CO.
Pedder Building
Tel: Nos. 36066-9.
PATTISON ORIENT LINE
LIMITED
R. 8. "LAURE PATTISON"
12-14 Queen's Road C.
Due From:
In Port
Salls For:
DIRECT to Pusan & Japan, Oct.
20th
Chinese Agents:
Tel: 26346.
OVERSEA CHINESE STEAMSHIP CO., LTD.. 48 Bonham Strand W. Tels: 26646, 26127 & 31119
SOUTH
CHINA MORNING POST
THE CHINA MAIL
SUNDAY POST-HERALD
THE MOST EFFECTIVE ADVERTISING MEDIA
COLOUR IS AVAILABLE TOO
FOR PARTICULARS AND RATES COMBINING THESE LEADING NEWSPAPERSTM