THE CHINA MAIL, THURSDAY, NOVEMBER 29, 1951.
MESSAGERIES MARITIMES Experts To
MM
"FELIX ROUSSEL"
"EIR HAKEIM“
*"'MONKAY"
Arriving Leaying
Dec 8 Dec. D Dec 12
Doc. {"
Dec
**FELIX ROUSSEL."
"BASTIA"
Dec
Bec 3
Dec. 9
„Der 20 Dec. 21
passengers & freight
Outward For
Marseller Japan
Homeward For
N. Africa & Forops Manila, Frágon a
Marielles
N. Africa & Europe,
↑ freight for Salgon, 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. 26661 (3 lines).
MAERSK LINE
FAST FORTNIGHTI.Y SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, vis SAN FRANCISCO, LOS ANGELES AND PANAMA
NEXT SAILINGS
M.S.
"LEXA MAERSK"
M.S.
"ANNA MAERSK"
M.S. "LEISE MAERSK"
ARRIVALS FROM U.S.A.
M.S.
"LEISE MAERSK"
M.S. "GRETE MAERSK"
M.S. "OLGA MAERSK"
Dec. 4 Dec. 16 Dec. 31
Dec.
Dec. 20
Jan. 6
For Freight and Further Particulars please apply to:--
AGENTS:
JEBSEN & CO.
Pedder Building
Tel: Nos. 86066-9.
Investors
Foreign Active On Tokyo Stock Exchange
Tokyo, Nov. 29.
Foreign investors, chiefly American, have purchased 1,330,000 shares over the counter since the stock market was opened to them six months ago, the Nippon Times said today.
This does not include shares transferred to American and other foreign firm during that period.
of
much like to have for- Their buying has chiefly been very
gill-edgeds
become chemical eigners karud
permanent bres, with
the Tokyo Rayon shareholders in our companies, and the Teikokis Rayon leading taking more than a passing in- the com- supporting The Tokyo Hayon recently terest in made a tie-up with the Dupont panies as their own.
PRICES SLIPPING Nemours Company and
Share prices continued slip- concluded cimilar
with American ping downward last week, with the assistance of the United States Economic Planner, Mr
Teikoku has arrangements Viscose.
The trend was
the
welcomed by the executives of the two firms. A Tokyo Rayon spokesman was quoted as saying "We would
Exchange
Rates In New York
Cahnda
Meet In
New Delhi
New Delhi, Nov. 28.
Distinguished statisticians from all over the world will gather in India in December to participate in the Inter- national Statistical Confer-
ence.
The conference, which will Decem- begin in New Delhi on ber 5,
will continue to December 11 when it will break, for a short period. It will reassemble in Calcutta on Dec. 16 and continue
During the to Dec. 18. the members on their way 10 Calcutta will pay a visit to hik- toric places in India.
Invitations have been
by the Government of
71
reccss
Issued India to to interna.
It countries and also tional agencies and organisations. President Rajendra Prasad will
be the patron of the conference. A nationul cominittee has been formed with Prime Minister Nehru as honorary chairman.
of associated con- A number
An different felds of ferences
will be held at the Delhi and Calcutta in which the Interna- for Research tional Association
stulistics
same time in New
Income and Wealth, the In- ternational
Biometric Society, Econometric International Study of
m
the
International
Society, and
the
Population Problems will parti cipale.
Union or Selensiße
Special meetings and group discussions will also be arranged by the Indian Statistica!
titute. Calet
Calcutta, which is actin
as the host.
-
The conference is expected to provide stimulus to Asian coun- fries for the development their statistical system to serve the needs of their economie ar- vance and to give an opportunity lo all the participants to take stock of many-sided develop- ments in reisted fields in recent years.
Preparing For Empire Finance Talks
BY
ALLEGED PIRATING JAPANESE TRADERS OF
U.K. DESIGNS
UNEVEN
British Press Campaign TRADING
(FROM OUR OWN CORRESPONDENT)
London, Nov. 28.
Two debates in Parliament this week on rati- fication of the Japanese peace treaty have stirred up a British Press campaign against the alleged Japanese pirating of British designs in pottery and textiles.
IN COTTON
off again
New York, Nov. 20. Cotton prices rallied today after a ragged start only to ease at the close. It was
prices sensitive to small orders either way.
largely a professional affair with
Activity developed at a slower
40-minute following 2
pace
This morning two mass circulation news- papers appeared with an article devoted to Japan suspension of trading after 10:35
to Japanese trade practices.
HONGKONG
SHARE MARKET
9.01. for the city's civilian de- fence drill. Hedge selling ap- peared in flurries at the opening and close.
Date
མ---
Ist Dec.
3th Dor.
6th Dec.
Ich Dec.
0th Dec.
130
Dec.
14th Dec. 16th Dec.
1st Jay 52 ist 20. '52
4th Dec,
ith Der.
Alb Dec.
11th Dec
11th Dec
15th Dec.
PAL
Skip
ARRIVALS
"TJTJALENGKA" -VAN HEUTK2** TEQELBERO" "RUY***
"TJIKAMPER" --TJIHADAR” "TASMAN" “TJWANÒr "TASMAN "RÜYS"
From
Macassar. Java Ports & Singapore Japan Зарат
8. America, Africs Kingapore Aiqueanor, Balikpapan & Singapore Calcutta & Bingapore
Penang, Belawan Bell & Singapore Macassar Java Ports & Singapote Japan Johan
SAILINGS
"SHTJALENGKA"
VAN HEUTAZ”- "TEGELBERG--
RUYS" TJIKAMPER" "TASMAN **TJIWANDI "TASMAN”
Two days
former ngo The Labour
Mr Minister,
Ellis Smith, flourished two china cups to In the House of Commons louch of the campaign.
"Daily Express," Today the
Te which had sent its special re-
10th Dec.
3rd Jan. 162
The evening-up in expirlag December delivery provided an- otber trading feature. The Issuance of Ave delivery notices
smal} brought
overnight
3rd Jan. gó
"RETS"
factor
was a
printed
porter on a 18-day tour of the accumulation of liquidation.
detailed A supporting country, charges provided by many firms reported B.C.A. cotton purchase of Japanere goods which clash-credit of $2,000,000 to Austria.
The market opened off 10 to
ed
with their produce in mar- kets as far apart es Bangkok and Chicago. Japanese
up 5
trade
(From Our Correspondent)
Business done on the Stock
this morning Exchange
was vaiued at
Noon $120,535. quotations and the morning's
SICARES BUYERS SELLERS BALES BANKS
transactions-
HK Bank
1570
East Asia
705 170 3.60 140
SHIPPING
1.20 1.40
DOCKS, ETC.
NP Wharf
6.00
INSURANCES
Unton Underwriters
BK Fire
Agio Nav.
Provident
Wheelock XD 33 33 3003
LAND, ETC.
KK Hotel HK Land S'hal Land Humphreys
GO 1.30
200 51
12
UTILITIES
"Fra
Star Ferry
TOM DIPA 100 @ 10:00
120
1700
5.00
9.10 4000
23 500 400
Light (0) 9.20
C Light (N) - 8 46
C. Light (B)
Eneotra
...
Elec. (Bonus) 211⁄2 2144 2500 or Telephone 14.10
INDUSTRIALS
Derment
Rope
STORY ETC
Dairy,
Watson
1 Crawford
15.30-18.00
20
18.10
25
00
MISCELLANEOUS
London, Nov, 28. Seniur finance oficiais and Com- economic experts of the monwealth
10 are expected meet here on January & to pre- pare for the Commonwealth secret con- Finance Ministers'
ference beginning here on January 15.
The agenda for the crucial Ministerial talks on the Sterling Area's
problems. particularly the sterling-dollar gap, is like- before the ly to be completed officials and experts begin thetr
-week discussions.
one
20
Yangtsze
500 10.10
Technical Aid
For Spain
5 points. It dipped to losses
TO
Sjogapore. Have Parts & Macassar singapore, Penang & Belawan Det Singapore. Africa & S. Ameties Japan Perta
fapan l'orts
Japan Port⟫
Macassar, Java Ports & Singapore Singapore, Punank & Belawan Deil Manila, Bingapore, Afrien
S. & America
General Agents: HOLLAND EAST ASIA LINE
ARRIVALS
Date
11th Dec.
19th Dec
Jut half Jan.
Bib 350.
Ship
From
Japan
Europe & Singapore
"KIELDRECHT" "AAGTEKERK** "OVERUSEL," "AAGTEKERK"
KINE'S BUILDINAC
Europe & Simenpure Japan
BAILINGS
TO
Manila, Bingapore & Europe Japan via Manila
Atania, Singapore & Europe
28015-TO 260
СОБС
of
19th Dec. 23rd Dec. 7th Jan.
-KIELDRECHT" "AAGTEKERK" "AAGTEKERK”
Prices tcllows:- Spot December
closed
today
as
$3.00 4.67-42.68
$1.93
09,73
38.60
38.46 bid
United Press.
MARKET 42.35
of 10 to 32 points, then rallied activities by easy stages to net gains of were claimed to be undermining 1 to 22 points, only to
final minutes again in the Britain's foreign markets.
A rival newspaper, the "News trading to close off 2 to 13 Chronicle," names well-known points net British
who reported firms their woDE.
JOINT APPROACH? Representative pottery manu March (1952 facturers say firms do not want May newspaper publicity.
They July declare they can well deal with December Japanese firms without indis- March 12953)
riminate support.
The British Board of Trade
NEW ORLEANS officially to support the man- December has already been intervening
Spot to-man approaches made by Bri-July (1952) tish industrialists to Jupanese October
plarch 4653, manufacturers.
May
Plans are being made among some Conservative MP's and in- dustrial interests connected with!
October
May
39,10-30.12
43.14 bid
39.08-30.10 20.83 bld 38.37
United Press
the Far East to prepare a joint Korea News
Anglo-American approach to
the problem of Japanese com- petition.
American Aid In Full Swing
to
who had carried
a news
Affects The
Eastern & Australian SS. Co., Ltd.
S.S. "EASTERN"
direct for
AUCKLAND, WELLINGTON &
PORT CHALMERS
Stock Market Loading November 30th
New York, Nov. 28. Prices of stocks were lower on the Stock Exchange in mo- derately active trading totalling 1,150,000 shares.
The market mude the worst showing in the final hour of dealings but losses were ex- Salgon, Nov. 28. Allen Griffin, special Economie tremely small with some issues Co-operation Administration the trend with good
gains. New York, Nov. 28 representative in the Far East,
Experts believed that it was American technical assistance said today that America's aid to and equipment will help Spain Indo-China is now in full swing linked with the virtual ecase-fire
In Korea. 15 electrify
here are ex-j the Manzunares and expenditures
Dealings were somewhat cur- Baeza-Cordoba railway line. pected
total of reach
talled by the civil defence drill Under the terms of a contract $46,000,000
by mid-summer which halted trading for 32 1953 with the RENFE, the National
inimales during the Mr Griffin.
morning. The agenda is expected to be
system of Spanish railways, the
Rails made the worst showing. the Govern- agreed on amung
Westinghouse Electric
Inter out an eight-day inspection toter Steels
dropped fractionally, of E.C.A. projects in the States Chemicals were strong. Motors ments of Britain, Canada, South
national Company will supply 1 Africa, Australia, New Zealand,
combination
und Cam- freight And of Vietnam, Laps
insues Ceylon and
were steady. Of 1,089 India, Pakistan,
bodia, told
conference tunded, locomotives
423 Fassenger electric
advarmed. 300 Southern Rhodesia through the
Americani
Is declined sub- that
Ussistance
and 276 were Common-seven ignition normal channels of
stations and related electrical helping these Governments solve changed. However, all averages wealth consultation.
problems of social unrest and moved lower, equipment. cials und economic ex The officials
Dow Jones averages at the perts will be mainly concerned
economic discontent.
originally started its end of the session good as E.CA key with removing obscurities and items on
programme here in 1900, allost follows:- clearing the way for which
agreement is
required,
ing $21,000,000, This Bgure has now reached close to $32,000,000. and with the collating of im-
Mr Griffin said the French- portant figures and statistics.
military Vietnamese
effort The Ministerial talks which
Electrification of the busy
against the Communist-led to just for stretch between Manzanares andi also expected
Vietminh in Indo-China Hueza is expected to increase its being backstopped by E.C.A., by capacity by 05 per cent.
with helping provide people The 20 locomotives will all be
the opportunity to improve their delivered by
1954. early
status and feel a reasonable de- Reuter.
gree of economic security. Associated Press.
are
about a week, will be presides over by Mr Richard Butler. Chancellor of the Exchequer.--- Reuter.
Joseph Dodge's warning that Bond Market
Japan's economy was headed for continued austerity. coniu
The average price of 188 yen which was sustained the two
previous weeks went easy st the start of the last two weeks' trading and declined to 193.46, the lowest since the beginning of October.
This time, however, the floor was dull and Japanese brokers attributed the decline to reallsa- tion that the bullish movement of the last 18 months-since the outbreak of the Korean wor was lacking in depth.
In N.Y.
New York, Nov. 28. Corporate
moved bonds narrowly today with a slight trend toward the ups/de. Changes for the most part were NarroW.
low-
The higher-priced vield bonds gained for the most part. A few selected rails were In demand.
loans Government
Were The confusion was added to
narrowly mixed in quiet over by the plunge of speculators for ibe-counter dealings. Mitsukoshi department storo Japanese 270-25/10 shares early in the week.
falled to rise the week ended
2.35 bid
New York, Nov. 28.
US$0.9871 England-official unofficial
30-day futures 00-day futures
Australia
New Zealand South Africa
Belgium
Danimark
The expected materialise
and the
with
prices depressed.
Japan's Wall Street sources
two points sales-As-
bonda were un- changed to nearly lower on small sociated Press.
1088-9/10 do not expect another boom this New York Sugar
year but belleve the present decline will taper off until the end of the year.United Press.
2.601
2.33 asked
2.2014
2.7915
2,801
0100
France
West Germany
4,20
Holand
1406
0935
Swizerland
2001
MIDDLE EAST
Egypt
Iran
Iraq
2,0012
3.01
Turkey
4975
LATIN AMERICA
BIOW
Argeşuna
0700
DIARI)
0500
Italy Norway Portugal Spaln Bwecken
Dolivia
Colo
Columbia
TEXTILE MARKET
New York, Nov, 20. The cotton textile market was quiet today and prices were about unchanged, -
Tho wool goods markel was
Į.
Futures
New York, Nov. 20. World sugar futures closed to- day unchanged to 2 higher, with sales totalling 11 contracts,
Contract No. 8 closed lower to
rectifier
The order is part of a Spanish programme of electrifying sections of the lines wherever grade, curve and traffic condi- Dons show advantages for else. tric over steam operation.
LONDON TIN MARKET
London, Nov. 28. Prices of tin were steady this morning. Turnover was 60 tons, including 16 tons for cash. Prices closed at the end of the official morning session as follows: Spot tin. buyers Apot tin, sollers
Consumption
30 industrials 20 rulls 15 utilities
40 bonds.
1s
13.07-
258.64
79.32
45.08 180.28
United Press.
Mixed Day
In
Grains
Chleago, Nov. 28. Chicago grain futures moved in a mixed pattern. Wheat fu ures closed 2% higher to lower and soybeans were I to
Of Rubber 23% higher,
For Freight and Particulars please apply
MACKINNON, MACKENZIE & CO.
Agents. Telephone: 27721-4.
World's Wool Output
Likely To Increase
Washington, Nov. 28.
The Office of Foreign Agricultural Relations today predicted a continued gain in the world wool output this year, increased sugar production and a record world tobacco crop in the 1951-1952
season.
According to the Agency's annual autumn summary, world won reduction this year is now estimated at 4,070,000,000 poonds—a 60,000,000-pound gain over last
year.
An all-time peak of 4,200,000-
900 pounds of wool were pro-
duced in 1841.
The report said that favourabic Steel Strike
weather conditions and rising prices helped to Increase wool production during the past four years.
Possible
New York, Nov. 28.
Before that, the World War II conditions of fixed prices anci closed markets caused a sharp
The possibility of a strike and reduction-down to a rate of
a dangerously low level of scrap 3,710,000,000 pounds in 1947.
stocks posed a double-barrelled Uruguay and New Zealand threat to continued high opera- showed an increase this year in tons in the steel industry, the the wool output over the peak Iron Age said today.
Prices of grain futures closed as follows:
Wheat price per bushel New York, Nov, 28.
Spot
2,66 last December Domestic manufacturers
2.6774-16 2.029-14 month consumed 110,191 long; March (1952)
10 May
year of 1941 production, the re- 2.82-3.6231
metal-working trade tons
and .of both
natural
July
2.50%-2.5 Dort said, while European pro-weekly reported that the supply 900-5625thetic rubber, which
was an Corn
duction, excluding Rusala, was of scrap iron and steel took a increase of 3.71 per cent over the
about the same as the record turn for the worse this week 106.246 1021 tons consumed the Spot
after being touch-and-go for several months."
000 0621
Business done at
Three-months tin, buyer
Three-months tin,
Business done at
Settlement
Rubber
In ·
ВОЙСКА 047
-United Press.
Futures Singapore
130-1382 13735-140
134-1341
130-1301%
Singapore, Nov. 28. Priees of rubber futures closed today as follows:- Number 1 rubljer, por lb.
November December Janusty (1992) Number rubber.
November 2 higher, with sales totalling Number 9 rubber.
November 164 contracts.
Prices closed
Number 4. rubber,
November SAY follows:-
App rubber uncialed CONTRACT NO. 4 (world) Back wope January (1952)
4.70 nomĺňal | No, 1 palé crepe 4.77 bil 4.70 bla 4.77 bid 177 $14
Hayon goods: displayed better lona: for some types of clothes, such as hepate taffelas. March -Associated Prelo.
May
Bank Quotations |
New York, Nov. 24.
Closing bank quotationer
today
as
mouth
monar
the before, Manufacturers' Association
May
Пус
December Rubber March (1052)
July vealed today. Natural
rubber accounted for 37,405 long tens December of the total, up 1.10 per cent March (1082)
Oats 37.080 tons used in from
the
rubber December September,
Syr hatte amounted
on.
1,92 1.8914-1.69 1931⁄2 1.083--14 1834-
2.01%
2.032-1
981-20 1.0134-1.02.
to 72,090 long tops, March (1932)
New York flour-per 200 lb. auck increase of 5.11 per cent $1350,-United Prem
from the 68,100 long tons used during the previous month.
year,
The
V.B. OUTPUT Decreases from the peak are Tho publication did not atili on record for Australla, elaborate on the possibility of a South Africa, Argentina and the strike. Negotiations on wages United States.
In the steel industry began on total woof output Tuesday. this year in the United States is 200,000,000 Pounds cumphre
Estimated
Noting that steel-making
week arc schoduled at 104 per cent of
194rations this
with 252,500,000 pounds yeur and an average
Consumption of cclaimed RUBBER PLAN production of 428,60000 pounds rated capacity, the Iron Age
rubber by Industry in October Was estimated at 26,330 lang Ans, an Increase of
"London, Nov. 27.
12011-12936 shd vathelle rubber consumpBritain.
Mr Bartelt Janner, Labour,
inited Pram,
Exchange Rates
Ju
Eeptember Apot
Business was done"
FAK BAST
March (1958) en
4.28 bid
Bank of America · RT8% bid, Mar 2014 asked. Chase National July.
5.00 bis 4.30 hid
City: Bank 41 bid #7 #nged
United Prons.
kimkporn. (atrmitas, pritvRELEVA MIG, Planika), (2011, 200) Nivea
thu
set the Bald that "steel-makers are not smug about the production out- harvest during look. Associated Press.
The Agency also world's
tobacco
8.44
Mr Henry Hopkinson, Scere- the year ending next June at pel cent from the 28.016 Jong tonstery for Overseas Trade, turneż 7,435,000,000 pounds, four per
above the 1050-01 output. In September. For the down a proposal in the theWorld production of cane and used inilai ten months of 1931, Commons today that a syntheti
la ex however,
the total of natural rubber plant should be set up in heel sugar 1 1051-32
nected to total 50,500,000 tons, lahtly more than the 36,400,000 tion declined to 1,028,055. Train 1,000,769 long tons in the cor- had suggested this in view of fans of the past season and well
1935-30 offerte
The Communists above the the responding, 1650 perjos -Unlied
In Malays to curtail the output 2000,000 Prost
of raw rubber In that country.
Mr Hopkinson replied: "Walle appreciating the great impor taned of
Japanese Bonds
Saeki London,” Név: M..
talás; of 30041-
Wool prices
KMT SHIPS FOR THAILAND
Talpel, Nov, 20.
at Tag fit batch of 12 Thai
I
MA Condon arrived here yesterday.
protecting rubber | sale today retaine
betales and all those who work at
on them against Communist at-
NOV
to bring back to Thailand two
chipa
Wealdo in alpha Werd
,soli
prison for Mering arrive here in the near future
tacks 1 do not think there is anda batteretype wool fel:10 2he two ships are the Bresson to fear that the required fox15 per cent on the Venice and the Chimel
Appltural rubber will Adelaide sales. Sales and skirt
not be available for manufacings were off by about 74 per turos in the country "Reuter, and Aonociated Trans.
now anchored at Keelung, who the third, the "Hanin, is in +dock in, Japan-Bater?