MESSAGERIES M
"FALIX ROUSSEL“
BIR BAREIM"
THE CHINA MAIL, WEDNESDAY, NOVEMBER 21, 1951.
MARITIMES POLITICS RULE MARKET
Arrtving Leaving
Dec
Her 12
Der I
Dec 18
M
Outward Pot
Marselle dapen
Homeward For
3 Africa & Europr
Manila, Salgen &
Barce
"MONKAY"
Dee
De
**FELIX ROUSSEL"
Dec h
1
Dec *
"BASTIA"
Der
15
Dec
N 2)
•
passengers & freight
Aprica & Europa
渠
1 freight for Saigon, Port Said, Tunis, Algiers, Oran. Tangier, Casablanca, Havre, Dunkirk, Antwerp &
Rotterdam.
Bubject To Chna ge Without Notice
CIE DES MESSAGERIES MARITIMES
P.O. Box 63, llongkong
Queen's Building (gr. floor) Tel. 26651 (3 lines).
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK. BOSTON, BALTIMORE & PHILADELPHIA, vja SAN FRANCISCO, LOS ANGELES AND PANAMA.
NEXT SAILINGS
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ARRIVALS FROM U.S.A.
3US. "LRISE MAERSK”
M.S. "GRETE MAKRSK"
MS.
"OLGA MAERSK"
Nov. 30 Dec. 16 Dec 31
Dec Dec. 20 Jan. 6
For Freight and Further l'articulars please apply to:--
AGENTS:
JEBSEN & CO.
Fedder Building
EXCHANGE RATES IN NEW YORK
New York NOV 20
2801
Kurland -offtela? Find restficial
Australia
4tar!
South Alica
11: ENC
S$
Tel: Nos. 36066-9.
Titanium Extraction Discovery
may
an
New York, Nov. 20 A young student at Columbia Tover ity táty. developed 7 32 bed/mathe i Lat
solve 2:35 Akt
urge defence problem and give the nation an abundant supply da erited metal now BLOTER
It was announced today that Arthur Kerbecek, Jr., has solved probkan of extracting titanum eronomically in quantities al & time when the Government has stated that the
a me forces neeil at least 10 time.
-day Exit
JP's as i
2 22
2799
280%
the
4
Deva kipen
1459
France frames
Wend Getnin
Deutchwork
420
Holland grader a
2030
12
Norway krone
1443
147
1/265
Sweden k
TANG
Switerland - fre
MIDDLE EAST
Egypt poussef;
RU
Tean fria!,
C3125
Frutiner)
2.61
5375
0709
0500
Portugal pesemina
Spain petal
Turkry !!
LATIN AMERICA
prven
----
Argentine ufticial
Fraz lenz01761
Bedava bullvmo
Clit Trot
0150
Columbia pesual
4025
Cabar
100
Mexico peste
110M
Peru frer
650
Uruguay (peso)
4027
Venezuela (bollvar).
2005
FAR EAST
I trapec)
2103
Pakidan rupee)
2030
Hongkong
.1765
Indonesta
.3040
Singapore Japan
1305
300 yen
to US$ 1
-- United Press
New York Sugar Futures
New York, Nov. 20. World
futures closed sugar
with sales today 3 to 7 lower, totalling 114 contracts.
Contract No. 8 closed 1 to 2 lower, with sales totalling 08
contracts.
Contract No. 4 (world) January (1952)
4.79 asked 4.74 bid
March
May
4.74
July
4.75
September
4.75
spot
4.70
Contract No. 6
March (1032)
5.29 traded
May
0.34 biu
July
September
Spot
0.43 0.40 United Press,
New Air Service
An
BS
much of
weight metal
produces
the light-
as the country
Mr Kerbecek discovered his process during re earch for t doctoral dissertation at the School of Engineering
Although details of the pro- ces have not been released, Mr Kerbecek sald an
method
is used iu obtain titanium from titanium oxide compound, commonly found in nature.
Rubber Prices
Prices Affected By Korea News
Danes Discuss
Trade Pact
With Russia
Copenhagen. Nov, 20. Denmark is negotiating a Bussia trade 1ut with
of
tons of
valued at 48,000,000 kroner. Russia has offered 30,800 Cons of oats. 20,000 jony 16,000 wheat and 12.000 tons of for ell-cakes in exchange Danish butter and meat.
Russin wants these by January 1 but Denmark le seeking to cul the propor- tion of meat and to post- deliveries unth early
pear
Spring
Kussia has told mark (bat
Den-
she can
further supplies ID change for ships. ~~~
have ex- Reu-
Let
INFLATION
PRESSURE EASING
Was nglon, Nev. 20 "The Aaron Tve Department some casing c1 spored relay infa nais pressures within United State
A survey of micient business prut ky the Boortmen; said the rata 8 inge feature ! the busines mnhs has been the slower pace -Fogazmat spening.
Actuation
Toreb
Factors
Tending To Depress
Levels In London
FROM OUR OWN CORRESPONDENT)
London, Nov. 2i).
HONGKONG
SHARE MARKET
(From Our Correspondent)
Business done on the Stock Exchange this morning Was valued at $173.250. Noon quola- ⚫tions and the morning's trans-
actions
Despite growing anxiety about the situation in Malaya following week-end reports that the ter- SHARES BUYERS SELLERS SALES rorists are trying to extend their campaign of BANKS intimidation among rubber workers, the trend of rubber prices on the London market has con- Unjon tinued downward, and today's “spot” price shows a further decline to 41d.
This is the lowest level reached this year.
A market expert told me today that the market
is "ruled by politics."
"If the papers say negotiations
in Korea are going better, the price goes down. It's as simple as that' be added.
The marke lakes the view that in any cast the present price of rubber is 100 bign Stockpiling is still a consider- able market factor, tending to keep prices up, but despite con flicting reports il is felt the: these purchases must soon end.
thal
soon.
is target
New York
Cotton Quotations
New York, Nov, 20. Prices of cotton futures
Bank 1000 Fa Asi
INSURANCES
Underwesters
DOCKE
126
770
5. 10
ETC
0.99
14
35
N. P Whart Provident Wheelock XD 33,
LAND, ETC
HK Hofel HK Land Humphryys
UTILITIES
מותלך
51
**
BROMYAL
Date
Ral
INTEROCEAN
Ship
“FJHWODAS” -TRAAT
MALAKKA”
ARRIVALS
-TITJALENGKA“
From
Page
in Pari
Sarun
10 Fort
Japart
2A2 Dec. Suh ᏄᏛ .. Oth Dec.
Macassar, duva Porta Singapore
"VAN HEETSZ
Japra
Amerlen, Africa * Singapore
Th
Dec.
th 76th
Dec.
30th Der.
22nd Nav. 23rd Nov.
Gih Bec.
7b
8th Dec.
Pth Dec.
TOK Ber 28th Dec
"RDYS"
"TEGELBERG”
-TASMANI
"TASMAN **RLY 8"
TURBODAS" STRAAT
WALAKKA"
Japan
Penang. Belawan Den * SingapOTO Ja[i]
Japan
SAILINGK
"THTHALENOBA“
"VAN HEUTRZY "TARMAN
TEGELBERG,"
**RY**
TASMAN"
General Agents:
Dule
300 12
Is Port 11th Dec. 15th Dec. 5th Jaa,
16 40 16 70 300 10.60
C Light (0) 935 9.50
C Light (N) 6.25, 4.65
9.35
C. Light (B Electric
232 Electric 18; 2) 21 40 2000 * 23'
54 21 33
16 10 15 2000 # 15.20 500 18.20
Z2nd Nov, 12th Dec. 19th Dec.
7th Jun.
INDUSTRIALS
Cement
類
43.70 noril2345 |
STORES Dairy Watson
COTTONS
Ewo
ETC
12 18.40 3700 18%
21.
3.80 4.10
43.00
March 1902,
42.85-43.00
May July
42.40
41.05
October December March 11862; MAY
30 45-39 50
38.77 nomival
London dealers take differing closed today as follows:- he
views of a report from America Spot that private buying of rubber December may be permitted
again Some dealers believe that is an indication
the strategic stockpile
is nearing while others believe it may mean the United States authori- ges are dissatisfied with the pre- ndarcely and
sent tale of buying and wish to has ended to cour er- nflationary pressures up by allowing private bavers to return to the market the continued rapid aowah of the "Governmi bi
In view of a report today defence graname and fur her however, that the US.
Gov. expuns.on of private business
roon lower its official buying prices for rubber, the former view seems neater Elis truth.
" N Sauge went Thrithare the Inana'ng
?
ernment
38 60 nominal --United Pres NEW ORLEANS MARKET Spot Derwher Merch
(2952
May
July October December
March (1053 |
May plants and
equipment," the survey said.
11 has been of profound im-
esting, portance t
jeast
Another factor
tending
42.38 42.02
42.44-12 17 42.23-42 23 41.00-41.68
39.18 bid
38.05
18.0
-United Press
Ship
"KIELDRECHT- "KIELDRECHT“ "AAGTEKERK" “AAGTEKENK”
"KIELDRECHT" "KÆLDRECHT" "AAGTEKERK" "AAGTEKERK"
TO
Jaya Ports de Macasar.
Manda, Singapore, E. * Africa & South Ainérica.
Singapore, dava Parts & Macassar Singapore, Penang & Belawan Dell Japan Paris
Singapore, Airira & 3. America Japan Paris
Singapore. Penang & Belawan Dell
HOLLAND EAST ASIA LINE
ARRIVALS
From
Europe & Singapure Japan Europe & Singapore Тарап
SAILINGS
то
Japan via Manila Manila, Singapore &
Japan via Manfia
Europe
Mánifa, Singapore & Europa
KINGS BUILDING TELEPHONES 28015 TO 28017 CHINESE AGENTS 62 CONNAUGHT ROAD G TEIS 3496,75199
Grain Prices PENINSULAR
In Chicago
Chicago, Nov, 20.
Prices of grain futures closed
today as follows:
Wheat-price per bushel
2.57-4
2.48
1.91 -1.00
38.40 Dig
Spot
2.50%
December
2.56-2
March 1952,
2.01%-2.61
UN
July
to
Bond
In
Market
Cur
Spal
3.037%
Dergimber
March (1952)
1.94 +1.932.
May
1034-12
NY
July
1.938,
Kye
December
2.02
2.03
1.00 -1.004
1.0-1 02
temporarily. the general price keep prices down not only riz which characterised the
for rubber but other Sterling mobilisa- Ares eather phases of the
commodities—is the tion effort
growth of confidence in the Pound, which makes specula-
Sout
was on
CRITICISM OF US.
The Departent said the re- duced volume of consumer pur-lon less profitable. citases during tine Jast hall aftermath of two buying sprees in the
riter prunties of the Korean conflict.
fligh production, larger busi- nes inventories and price con- truts led to the stabilisation of consumer prices and eliminated the psychological factors which had caused a rush of forward buying-United Press
Increase Urged In
Wool Output
March (1952)
Unta
December
March (1832)
New York four-per 200 lbs, Sack $13 16United Press
New York, Nov. 20. Japanese bonds were again the speculative favourites in the foreign dollar group in the bond Market opinion is that noth-market today. Most of them Ing short of a deterioration on gained slightly. The political tron! can ROW Japan 5s were up 12 2፡ 86%. Leven! the price of rubber Orient Development 5s up 3% a falling sull further before it 67%, and Tokyo Electric Light becomes stabilised at a lower Sixes up 1% at 874 But the
apan 81⁄2s slipped 1% at 95.
The greatest resistance to other- The dipendence of the rubber
markets and tin
wise downward tendencies in the the va- on
Londen, Nov. 20. gories of American buying market was shown by the Forviga
The tin market was quiet this policy has caused renewed
morning. Turnover was 70 tons, riticism
none for cash. London financial in circles.
The "Manchester
level.
Guardian"
Dollar section.
LONDON TIN MARKET
Prices closed at the end of the official morning session as follows:
Spot in, buyers Spot in selles Business done at Three-months tin
tin,
United States corporate prices declined all along the line, soften- ing under mild celling pressure. city edit, reflecting the present Some rails and utilities were off a trend of opinion, says the huge point or two, but the majority of dollar deficit of the Sterling Area losses were in fractions.
US. Government bond losses in the third quarter and in
Aihe
Three-months long-term October has clearly been aggra- were small for
Treasury issuES in over-the- valed by the decision of the United States Government to counter dealings. The short term
Hens monopolise
rubber
Press imports.
He is particularly critical at
din
and
beld
steady-Associated
Australian Gold
on (the
Prime
113
of
༢.
Policy
Eseinese dune at Settlement
994
905
ли
buyers 955 acers 1872
B00-055 90216
--United Press,
CANADIAN SALES
Only a
OF GOLD
Toronto, Nov, 20. Canberra, Nov. 20.
few thousand ounces Minister Menzies said of gold have been sold by Cana- statement today thai dian mines since sales
of the
to a
Buston, Nov. 20,
American policy regarding Stepped-up American wool profiction to meet the nation's Purchases. Referring to the stop- purchases for nerds, and the opening of more page of all thin electrolytic
stockpiling until the metal is Western grazing lands for woo! available at fair and ressonable growing, were urged today by prices," he asks "Has the Recon-
prices Harold A Bishop retiring
struction Finance Corporation Boston Woot President of the
United States import monopoly Australia is permitting the sale metal have been Trade Association,
stopped to think that Britain
opened industrial forced
gold at premium free market but inquiries have by the US. Goverment policy to buy cotton at 44 cents International Monetary Fund's sources prices
in accordance with the been coming in and mining which costs less than 10 cents to
believe further actual recent decision.
sales are not far off. The gold. produce?
The Government would con- brought $39.30 per ounce net.”
industry on methods of implementing
Inquiries are for gold bars at decision.- Associated Press.
22 caret neness Associated Press.
Titanium has a high melting polat which makes it valuable because of the heat created by friction at supersonic velocities reached by motlern aircraft. A pound of titanium now cosis
$5. United Press,
RESTRICTION
ON BUILDING
At the same time. Mr Bishop sow-ufter a your of wide price fluctuation in the industry...- "evidence of the stability "Where are the real cartelliets which ali desire for the today?" restoration of confidence."
So far as rubber is concerned the U.S. authorities seem to
Mr Bishop and President- elect Ralph J. Keltic pointed regard a price of 43 to 45 pence Gul at today's annual meeting the price na mene below that
needs.
in
a Ib.
as reasonable.
So
BE
of the Association that wool level, American stockpiling growing had fallen sharply the United States so that
may be stepped up, HOW Purchases
and yesterday's substantial the country ralecs only enough
purchases in Singapore may for
of its consumer D third
mark the beginning of a new round of buying.
"But said that "wool
long Mr Bishop
"peace circulate, growers in this country produce rumours" continue to
1c8s 200,000,000 pounds
wool London dealers feel there is than was produced little to maintain prices at their (ennually) a decade ago."
prosent level. "This," he said, "Is the prime. cause of any wool question we might have today."Associated
Tokyo, Nov. 20. The Japanese Cabinet today announced plans to restrict the construction of large non-essen- tlal buildings.
The move follows protests by Philippines Government the that luxury structures
were being
erected In Japan when the Japanese Government claim. ed that it could not afford large- scale reparation payments.
Japanese oMelais admitted Press. today that the rapid building of entertainment centres was creat-
Ing on unfavourable impression among foreigners
Phere
The Cabinet wi appoint a committee to review applicne
flons for non-essential building construction.--Reuter.
British Loan
For Jordan
London, Nov. 20.
SINGAPORE MARKET
Singapore, Nov. 20. Prices of rubber futures closed today as follows:- Number A ribber, ger Id,
November ...
Number rubber,
ult
the
Trade Account
Transferred
دو
Exchange Rates
Tokyo, Nov. 20. Business, was done in the locat The Japanese
exchange
this Government unofficial
market will assume control of the Japan-moming at the following ratea:
U.S. Dollars (per 1). Indonesia account as from De Sterling note per £11 cember 21 next.
Indonesia guilders (per 100) The American occupation au-Stan ficat (per 100)
Singapore thorities today signed on agrees astres at 100)
ment for the transfer of the ac- [count, which they control, to the Japanese Government- Reuter,
JAPANESE BONDS
IN LONDON
London, Nov. 20.
404
& ORIENTAL
STEAM NAVIGATION COMPANY
R.M.S. "CARTHAGE”
SAILS:
NOTICE TO PASSENGERS
BAGGAGE:
THURSDAY the 22nd November at 12.00 noon for the UNITED KING- DOM via Straits, Colombo, Bombay, Agen 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 WEDNESDAY the 21st November.
SPECIAL NOTE: With the exception of hand packages carried by passengers themselves, ALL BAGGAGE must pass through the Wharf Col'a Godown for loading
on board by ship's slings only.
EMBARKATION:
Will take place on Thursday the 22nd November between 9.30 am. and 11.00 a.m.
PATTISON ORIENT LINE LIMITED
5. 6. “LAUKE PATTISON"
Due From:
Kobe
In Port
12-14 Queen's Road C.
Bulla For:
DRECT Pusan & Japan. Nov. 23rd,
Tel: 25346,
Chinese Agents:
OVERSEA CHINESE STEAMSHIP CO., LTD.
4.23
15.01
28.00
13.025
48 Bonham Strand W. Tels: 26646, 26127 & 31119
Pacific For East Line, Inc.
Fast Regular Trans-Pacific Service
OVERLAND
NEW YORK-CINCAGO-DETROIT-TORONTO MONTREAL AND ALL AMERICAN & VANADIAN CITIES
Regular Service, direst or with transbipment.
Guarn, Marinas Islands, Micronesian · Islands
December
139-13935 156-1380
January (1052)
Japancro bonus
November
124-18315
"A" 14s. of 1809)
Number 4 rubber,
...”8" (40. af 19ibi
DIRECT
November
13034-101
"A" (OM, at 1907)
111
BAN FRANCISCO, Los ANGELES
Number 4 rubber,
November
"D" 10%. 1934)) **E* (Djx, of 1934) Consola
77
Data
United Press.
Negotiations here for a British Spot rubber, wibeled
Black grape
Oil Man's Denial loan to Jordan are progressing No. 3 pale crope
New Delhi, Nov, 20.
Rome, Nov. 20. between Texas ollman Glenn McCarthy alr service Afghanistan and India is ex- denied today reports in the pected to begin the day, after, Egyptian Prees that, he had tomorrow. It will be operated signed an agreement to invest the National line from $100 Indlan by
2,000,000 in Ahmedabad (India) to Kabul Fetroleum Company of Cairo,
He said that the zejśort nesand- (Afghanistan) via Pordia, as Paltinish to understood to have ed to a "plant" and did isol her contain | word of truth...
United Press,
objected to flights over
western frontler-Reuter
satisfactorily, a usually reliable. source said here today.
120-177 13- 1316-108 147-101
United Prbia.
LONDON MARKET The source added that the two Jordan Ministers who have been
London, Nov. 10. negotiating for the loin luce
Privos of rubber future November 12 are hopeful about
clobed today as follows, successfully concluding the talks Number 1 rubber, shurity.
bi centa partih, kao The Jordan Ministern ure Desember Suleiman Paka Bkkar (Trade) { January/MaraN (UPR)
April/June Pasha Tugan July/September and Bulabmatt
(Agriculture) ROLETAT.
40%-4146
„Untisa Press.
Ford Motor Assets
1
Veus!
Bostori, Nov. 20.
". L. LUUKENDACE", The billion-dollar Ford Motor Company has reported to the "TRADE WIND"
Commladotter Massachusetts Tax an increase of $125,742,000 in its “ALASKA DEAR" total : Bela last year from, «China phaTI #1,843,849,000 on Decomber 31, 1949, to $1,489,001,000 on D cember
1950Aociated Prem
31.
From
Hali
Nov. 23. Ban Francisco
Bán Francisco Dec. 13
Straits
Nav. 23
Dec. 14
Pranetnes.
Dec, 23 Jan. 30
Jan. 31
· For":
Stratto
Ban Francisco & Los Angelen San Francisco de Lok Angeles
Vie Robe -
Sen. Francisco e Lun Angelty
via Yokoham
For full particulars call United States Linen Co., General Agents, quigen's Building, Teh 28198.