GROYAL
Dale
In Fort
3021 Dri
6th
Dri
Ber
13th Dr
140:
10th
ht De
211 Br
10
Jan 52
*INTEROCEAN
DEGELBERG"
ARRIVALS
Ship
HUJALENGSA
VÄN HEUTRZ
ROYS"
TJIBADAK"
TASMAN
· TJIWANGE
"TASMAN"
LINES.
Frow
THE CHINA MAIL, MONDAY, DECEMBER 3, 1951.
NEW MONETARY POLICY Effects Being Felt Throughout Market
Air Fares To Be
Reduced
Nice. Dec 2
Trans-Atiaalle travellers
Maransar
J
I'l A
Singapore
Futan
Tapay
MAÇASSOI
America. Ala sabentra & Singapore Penang. Briawan Dell a
Jay Paris
Trx1
A
Singapure
Spring secund-class
Singapore
witl Jave air Passage Hildred
Brea.
tapan
Singapore
TO
Java Ports & Stepspore
& Singapore. Penang Africa SKRON
ན
Varandr Belawan Dell America
411: Den
h The
Ah Dr
141) Dec
Lepub
SAILINGS
LIELJALENGKA
VAN RENTSY
- TEGELDER.
"TASMAN
TASMAN
" 1'4"
Japan Posts Japan Pitts
Java Pork Sikapore Penang & Malta,
12th 11
Dec
***L JEWANGI"
3r4
JP 32
Jan 52
Singapor
Singapore
Amecha
available for $260 to $280, Sir William Director-general of the In ternational Air Transport atl last 1. A. T. A.;
T. A.1 Association 1. A. said last night. The regulat rate is now $395
4:
1. A.
Helawan elk A 5
Ceneral Agents
HOLLAND EAST ASIA LINE
ARRIVALS
Ship
13th
Date
Der
19th Dec
It hall an
5th
Jan
*KJELDRF (HT" AAGTEKEK"
VERI241-1 AAGTEKERR
From
Ja pre
Europe d
Japan
Singapor
Singapote
SAILINGS
TO
12th Dec
"KIN),DRECHT"
23rd Der
AAGTERERK"
70) Jun
Manila, Singapore Japan Manila Manila, Singapore
& Europe
Europe
"AAGTEKERK"
KING'S BUILDING TELEPHONES
28015 TO 28017
CHINESE AGENTS BE CONTALISHT ROAD TELS 31176 25133
Aid Programme In Philippines To
Be Speeded Up
Washington, Dec. 2.
The Economic Co-operation Administration (ECA) said today its assistance programme in the Philippine Islands would be carried on during 1952 at an expedited rate.
Since the agency launched it- aid plan there last April it has earmarked about $20,000,000 to bolster Philippins economy. However, only a small part of this actually has been spent on island aid.
.:
The site.
MA 190
2016
Arty gentl
Thu gey Gird that ar ut Octubx 201000 At f material a
Terbak
brenght
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fa. Pat. c-linated fod
la Sta 000
4. lat!
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AD E'A spoker Jind
d the
1
Piippone progame leve been moving sons is node, but ponted at that shum attention: nuch i wres begun
ot gi
01
mark to be River
Fetus m. less, wking
the
For that
Keren agency's 3437 Road an
Mat be 11 giamunt fro the
.
!!! .. זיין זין ..
$388,050
36x
plant 20indon
1 ti
pe. The proved
Countr
for
Stem mode
יוייי
E A pointed DEL R
12374
11 -
pol duping 1952 in each of the
whic
NAS
1! 1
It emphasised these will be govedind countries
by The nearls of the concerned and the possibility of trabas, the proposals into effecti
Aviated her.
Rice Racket
In Formosa
Tapes, Dec. 2
food provincial Formosie's
thrities are rep: rted 14 determined 10 balt the soaring rer prices.
Sir William said the
the attrading airlines
contereme bere hagy agreed that the sel vice will cover a one-way trip between London and New York, in either direc tion seriated Press
Standstill Orders To Steel
London, Dec. 2. Standstill orders have been issued to the nation. alised Steel Corporation
Cabinet
by
the
these there
further changes in financial
סנו
Tightening
Up Of Credit Issues By Banks
¡FROM OUR OWN CORRESPONDENT:
London, Dec. 2.
For the first time since the general election the stock markets seemed to show some signs last week of firming up. This in itself is not severe shaking- surprising as every section of the market has suffered a out in recent weeks and the time was ripe for a technical reaction.
What is more surprising is the extent of the recent declines. The following table of representative securities and shares shows how prices have fallen since the change of government.
The two prices quoted are for Nov. 30 and
Oct. 27, respectively.
-edged: W.. Dan 95% pun cent 82% and 8615
63 3 16 Conseils 22 per cent
66 Finanood Tipes Covermiet!
alex 983 al 102 1
114ct per cent 295
3.76 3.7
"Industrials: Impera
43 $ 537 Lyn Pros
ut
London de-
The conartire elearing banks bus now
its
kegarnal ians au mivanes Thy makes Zabundantly clear that appic- cati, as to banks for lows will be vetter much more thorough Iv Than They have been reveril ly
NEED FOR ACTION
Coframtitive s
Fla published
lateniem. form vi
Nud
49 and 57,60 Courcoids 46-66 and 52 12. Fabeza!
austra tier the Press TIR-S
of the present state 126 and 138 Godinary Heips
Pyrians pietà per cent 5 16 fans adily endrasis
ten for further actum ny 4.65
Ikk
fective make THITTA
Commodities, Kean Antelope per 14 ki Jan 14, JÓ!gu,
14. GO Th Petali
wannur aux te cult the ev -peratum of the whole exauma-
Fast a south wali ovnis Trader
nvidad por rower
Del
V
can
Under be
Sua Belang
6
737
Ertes
52, Gr
he 31 7
management
structure
of
Hesen F
ΟΥ
Any
of om maket
Juliy mark:1 clic
$17
quests for
..:
nude
will teract
Pisc
the 291 companies con.
bove tulen Ponly beesišv trolled by the corporation of donatorstry measure until the Government have lording to higher nimrest Cate
Jea which made their final decisions
servi 10 Cascinuent action. of the D-
even adensify. on the future
UNDER PRESSURE dustry.
--
anvanc
vanced and that bank br
more vzpēteive
"Secondly, we wouli
whole
unge Pommunity to assist ( the haubs m m. task by the-
HONGKONG
SHARE MARKET
(From Our Correspondent)
Business cione on the Stock Exchange 1s morning Wies Noon rates valued at $176,499
and the morning's transaction: -- SHARES BUYERS SELLERS SALES HANKS
INSURANCES
Unlun
Underwriters
162
13 13.90 Wheelock XD 33 33
51 Shol Land 1.30 150
A
MESSAGERIES
M
"FELIX ROUSSEL" "BIR KAKEIM”
MONKAY"
"FELIX ROUSSEL"
"BASTIA"
MARITIMES
Arriving 1.erving
12
Der
Br
Dec H
- Latc
1
Vec
Bei A
„Ber. 26
ONE. *1
* passengers & freight
M
Outward For
Marieller Japan
Homeward For
N Africa Europs
Mantia. Malgon Marseilles
N Africa & Europe
↑ freight for Saigon, Port Said, Tunis, Algiers, Oran, Tangier, Casablanca, Havre, Dunkirk, Antwerp & Rotterdam.
Bubject To Chan ge Without Notter
CIE DES MESSAGERIES MARITIMES P.O: Box 53, Hongkong Queen's Building (gr. floor) Tel. 26661 (3 lines).
MAERSK LINE
FAST-FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, via
SAN FRANCISCO, LOS ANGELES AND PANAMA.
NEXT SAILINGS
ARRIVALS FROM U.S.A.
M.S.
"LEISE MAERSK"
The
HK Back
1551
presen
Object
of the even f the better wat
www
East Asla
1211
TH
10
770
HK Fis
340
SHIPPING
MS. "LEXA MAERSK"
Asia Nav... 115
DOCKS, ETC
M.S.
"ANNA MAERSK"
trust dick CVPYN
K Wharf
26+9
NP What! 6.20 690
M.S.
"LEISE MAERSK"
Dock
ibut
Provident
be Will Trically
LAND. ET
HK Hole!
..
IIK Lat
Humphreys.
129%
UTILITIES
M.S.
Trom
1860 16 05 2500 # 15 75
Star PorLy
120
4
Lg 01 8,20
Light (N 6.4
Light (B)
1500
910
Elli It
22
23
200 22.00
500
225
700
22 80
スーパ
Elec
•Bonus 21,
190
211
1000
21.
G
couse and wage
b
restored de: steel mistry
1X number of unfavourable Je bile thor
Some
This
have
powertat id producte d
strace There is already a long is higher import praes
borrowers lame. The thurst of quene of would-be
a wailing then chance to enter
market, other the new
4477-1
17.
Pelephon INDUSTRIAIS
Cement STORES, ETC
Daby
14 15 14 1000
15.10
REL
14 16
Pedder Building
19
70218
5000 25
Watson
23
26
L Crawford Sinceres
500 32
300
companies
XD
4 4 10
1
svall presente
anri to keep
Tas kit Commodity
The gaslat
huis
that nothink 25
geht
-125 restamos tek
71.4.
1st List reston of the stem imply's in pi tab
יויו
1. das tad har pance. bern
Several invetion.
إذا
Naw
Gvmetal industrial
andards
Chure. Last materal hortage.
Announcing dre
1. เป dispatch of tas ne tier
1 Hoist Steel Cooperation of Cosmopy Mi Duman Sumba,
dekk alese an Siappas Must
124
Squaily
1
lule, at the same food Balamal cnterests were safeguandel.
The Guvernment
Coselling
modaonabsation scheine any brett- aiming then new propenik euthy
PEN
Wie k
biger by Swart Mi 1:14 seed mai f pektiral petraversa
workable
FW!! Jacking settlement.
י הנן
vard-
which
fully the purposes for Gather credit is required and straming from asking for any het for wesenha) pul-
A MISCHLLANEOUS whi factors
many
opportunity i enough take the earliest nervous selling, the market offers to fund par their indebtedness as a safe- investors unt
guard against a further rise in interest rates.
diares rather different story
pres : Jis seebon
Tell
But this is not Share i tend to ponies which have
ارات
Cum- unill How
move with changes in the sell-fund at comparatively easy to ablam loons from the banks
ing
of the commodities
werful influence
previously
The contrad Political factors may now find their applications
turned turrie down Worse still Sarzdys, have
borr wed fron the banks may be called in when it falls due for repay- the In the words uf Fuancal Times. For
the price of some commodities money
notabis. of varac, rubbe
In Eun 01 and and this
Confusion In
London
London. Den 2. The first full month of Mr has Governmen Churchill's
Thus
זווית זוויא?
Chart prices
But the fact that the fail in quotations for these shares has heen less marked than in g elged and industrials indicates that they still hold certam at-account irections for investers seeking a Shaft- hedge" against Further
indus
Sharp Rise In Cotton
Futures
40
New York, Dec. 2 Collon futures rose sharpy fir hesitant start last week. cieving the highest level in 14 ur and a half months.
close, the A Friday's
points or $3.80 ruled 72 to 122 to $6.50 bat higher than th preceding week.
thai
Statisticians pointed out the market has Bnished on the
prospects, recent
ари
weeks.
upside in 12 out of the past 13
first time for many years even
the companies with
highest into must take credit status
The possibility
thai really temporary finance may be temporary
DANGER REMOVED As for gill-edged M reover the ingher
for one reason
the trial activity generated by world rearmament will tend to weakness in this section
removed. pears to have been rav
thr among the price »
The This was
Farymast the the fear that keep up materials and this will be re-
factors generating! banks might be forced to sell background flected in producers profits.
holdings
power price-lifting The future trend of the stock part
expectation Government securities in order glowing markets, however, is less easy
their "liquidity Government's final crop report to fortell. It may be that the to maintain
of the staron, due on December last ratio which was recently def of prices
will show
another
sharp! by
funding the fattening"
im- week will lead to real
Governmen! £1.000 million of
radu.tion. That idea is respon- .ible.
traders said, for The to provements but even the most
buying movement of optimistic market bservers are short-term debt
That danger has now reluctant to pin much hope on
removed--or this
made Stock Exchange history
11 embraced 22 trading days of confusion and almost daily fall- snjall ing prices, apart from technical recovery at the en af the month.
the
were
ہوں
their
of
10
f
broad-scale been
was that the
On the other the advance in the Anal days of
the week. companies
at least minumised, from domestic mills and foreign
with irhizr**#:6
covering by by the decision 10 restrict
the hurried
hurried short interests speeding new advances to all but
hend. most essential.
1 by theest ken
blaming and 1-lands aveded persons to do the work
Although less that: 81KAZKID
Japanese bonds, accorning worth of ECA a.. has ineen put
City gossip, into the islands to date, og4- |
pressure by banks against speru- ing to lot al sources, the ECA has!
lators No bank would lend
NEW ISSUES MARKET total of about $4.500.000 Aurth¦
mones against the security of requisitions for sloni ali!
In the meantime attention is Japanese bonds but they might pending. These are in the ham is
of gilt focused on the new issues that
however, security against
by ket. The
Traders appeared to be ud- of the US Government Ener-
rdged stocks.
of which will now find it difficult of £14 million Unilever Service, Prozurenient gency
But they are reported to have
raise kuns from the banks justing their sights to a crop of That tour per cent debenture Glock Lo date has been doing
tightened up on their loans for was
worst may sell their holdings of gilt 15,000,000 balts or less. of the une most of the
the
would be almost 3,750,000 bales Rice has registered a 28 per
the or seck Stock Exchange operations and
No edged securities Lecent "Cope
under the last Philippine
Government The rent 1
in price in the last
by the new | Procurement Service said that as 10 days.
Jags of around The food authorities Japanese bands were unwillingly
either report and a 1930's fell less than 91 per cent of the alternative offered
issues market-and thus by Issu
over the past stock had to be taken up manipulators pressed for
£4 to 118-United Press.
un-add to the supply of Govern- 2.250,000 bales This the underwriters.
enisode
ament securities or draw funds two months-United Press. served as happy episode
that terms which seem away from the gill-edged mar- sonable enough to the
which
buy fl programme.
Suu
of now it has completes less than warned
market
half of these purchase proposals. that Government punishment
Other Government agencies. wouzki make profiteering such
05 the Department Agriculture and the Defence pay.
Department, have also
of
made!
no!
They said that there
should increase
purchases on behalf of ECA for be no reason for the
the Philippines However, these in tice prices. The increase was are said to have been small only created through "hoarding smounts.
channels. Bids
are
10 ի
ter
rice
areas
In
the
sale
Arbitration Agreement
Assue
Year.
ex-
perts at the lime the prospec-
tus is published may
raise are to
upper
than
every
Exchange Rates
Stat ticals (per 10 Singapore (Straltoj FIC olustre, 1025 100
*
market
this
0,04
19.55
3.30
20.00
1.741
13.45
1
Dec.
7 Dec. 16 Dec. 31
5 Doc. Dec. 20 Jan. G
M.S. "GRETE MAERSK"
"OLGA MAERSK"
For Freight and Further Particulars please apply to:---
JEBSEN & CO.
Tel: Nos. 36066-9.
PENINSULAR
AGENTS:
QUIS NOS SEPARABIT
& ORIENTAL
STEAM NAVIGATION COMPANY
R.M.S. "CHUSAN"
SAILS:
NOTICE TO PASSENGERS
BAGGAGE:
TUESDAY the 4th December at 12.00 noon for the UNITED KINGDOM via 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 Monday the 3rd December,
SPECIAL NOTE: With the exception of hand packages carried by passengers themselves, ALL BAGGAGE must pass through the Wharf Co.'s Godown for loading on board by ship's slings only.
EMBARKATION: Will take place on Tuesday the 4th
December between 9.80 11.00 a.m.
DON'T
WASTE
WATER
&.fn.
ESSENTIAL SUPPLIES CERTIFICATES
Forms
Application Essential Supplies
and
for Certifi-
cates may be obtained from South China Morning Post Limited.
10 CENTS EACH.
Pacific Far East Line, Inc.
I is too early yet to predict seem-as which of these influences will
Rain the one market observer put it eventually
So far as the ulli-edged Business was done In the local "stupid" on the day the sub-hared.
excha un-fficial landlords and profiteering" by
market is concerned one seription lists open.
exchanged murning at the following sates:- U.S. Dollars (or 1: and
rice merchants
Many companies which, like certainly has been
But one thing ot
Sterling note (ver £11) CALLING FOR BIDS
for another. would prefer Unilever's, producing
Indones'a guliders (per 100, Mr Li Lien-chung. Provincial
Taipei, Dec. 2. raise new money in the form least has been made clear the Henceforth. ECA emphasised, Food Commissioner, left here
policy adopted Chinese and Japanese traders ; c
equity capital, are prevented new monetary most of the purchases on behali
round-table of the Philippines
yesterday for the southern rice-
con- from doing so by the incidence by the Government les agreed in a for consulta- made through
ference to set up an arbitration of a high profits lax. The al- four weeks ago is beginning to Comercial producing trees
tions with the local authorities. board to take up ali disputea in
the spread its influence to ternatives for needed Mr Li was reported to be deading.
necessary money by borrowing corner of the market. materials and producis are to termined to "check" those who be called for in Manila, with Inveur high rice prices.- Reu
In the conference, the Chinese from the market at fixed in alt private dealers there having
complained aboul the lagging terest rates or seek accomm:- arrival of Japanese goods con- dation from the banks.
alterna- signed here.
The first of these Free traders now visiting tives is extremely risky at pre-
non in connection with the sent. A
ugo a company Futures Japanese
ofter
Berlin, Dec. 2. Products Felr in of high standing could Telpci promised to de every debenture slocks al 34 per West Berlin's Tolcarat (Social SAN FRANCISCO, LOS ANGELES thing to step up shipments. cent or
four per cent and Democrat) salt today that the The Japanese traders also pro-be fully certain that the loan Eastern German Labour Minis- mlaed to buy more Formosan would go down." Today, four try recently introduced a 50-hour Guam, Marinas Islands, Micron ostan Islands - Regular Service direct or with transhipment. productly thousand
per cent stocks are quoted at week for the ore and coul mints, recent for part of the heavy industry persona discrunts and the mont queued up today for a glance at borrowers have had to step up and for some light Industry the post-war Japanese products the rule of interest to 4% per factories. on display. An estimated 800,- cent.
necding Companies 130-14000 have gone to the Fair.
United Fresn.
copiial may nevertheless
an opportunity to seck the busi
Merchants in the U.S. are
1258.
niso being kept informed of these needs and that they may bid on them.
Other aid programmes ECA is carrying on In Far East countries show greater progre34 | then the Philippine plan, How- ever, It is pointed out here
Youngest one amolig
Rubber
In Singapore
Singapore, Dr«. 2. Prices of rubber futures
that the Philippine plun is the closed today as follows
therm ul, the others therefore having had Number 1 rutter per t5.
December more time for fultiment,
Jaunty (12
Up to about December 1, Nimber 2 her
BUA hall made these grants
behar
optintries:
of
other
Deer ber..... For East Number : tabber,
December de | Number 4 rubber, $14,700,000; India, Tecember $130,136,000; Thalland, $10,040, Spul rubber, unbatet
Black crepe 000; Indo-Chine, sk1,000,000, No. 1 gule prepe Indonesia, 89,585,000, Chile and
17912-140-
1349-195%
190%-15% 120-18013
147-002 Unied THON.
Waithington, Dec. 2 The Federal Reserve Boerl's production indox of industrial is 219 today-United Prem.
new
LONGER HOURS OF WORK
DIRECT
Véaset
TRADE WIND" become bad Sunday work
Soviet "ALABKĄ DEAR", Increased compulsory, have reparations demands and the
"FLYING #CUD" lo, gesort more and moru La high quotas of East Germany's
by debenture five-year economic plan, which CNA DEAR” raklig monggy
inter. issues at himber
For was to more than double her rowing from the banks will it Industrial capacity, made this more step necessary, the paper added. future be this easy and
-Reuter, expensive.
Fast Regular Trans-Pacific Service
OVERLAND NEW YORK«CHICADO-BEYRGIT-TORONTO MONTREAL AND ALL AMERICAN & CANADIAN CITIES
anita
For
From
Arrives
Ban Francisco
Glen
San Francisco San Francisco
Dec. 14
Dec. 23
Jan. 20
Jan. 30
Bán Francisco & Lois Argeles
Jatt 31
San Franelco & Los Angeles
via Yokotams
Dec. 10 Ban Trancisco. & Los Angeles
Dec. 24
Ján, L
| San Francisco &. Los Angeles
vin Kobe
For full particulers onli Vulted States Lähes Co., General Aginti. Quran's Bollding, Tel: 30186,