Page
THE CHINA MAIL, TUESDAY, DECEMBER 18, 1951.
MESSAGERIES MARITIMES TRADING IN THE POUND
MDealings On First Day Of Open Market
M
BIR HAKEAM"
A MARSEILLAISE"
"BASTIA
-EA MARSEILLAISE"
+BIR HAKEIM
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MORTAIN"
Arriving
Leaving
17 114
DA 21
Jan
Jan
Jat
$
20
Jak
||
Jan Xa
Jan
Teb 24
Mar
passengers & freight.
Ontward Far
Campha Port
Kutse
Howard for
N Mirka 3 i strege
Moselles Aja Man
A Nalgon
Mirna A Durağın
Africa & Urage
freight for Saigon, Port Said Tunis, Algiers, Oran
Tangier, Casablanca.
Havre, Dunkirk Antwerp &
'i
Rotterdam.
Subject To Change Withell
NotHer
HONGKONG SHARE
MARKET
(From Our Correspondent |
ide
Founder Tour of put it took Fixeburge Lapanese ME154. value! at
20150. Noots C
1.is. Limita, CHARUS DI VERS SELLERS SAPS BANKS
c the
Je t
CIE DES MESSAGERIES MARITIMES
P.O. Box 53, Hongkong
Queen's Building (gr. floor) Tel 26651 43 Imes)
11 1k
Custom
BRAATHENS
SOUTH AMERICAN & FAR EAST AIRTRANSPORT A.3.
S·A·F·E
AN-HAT
HONGKONG
—
OSLO via AMSTERDAM BOOKINGS ACCEPTED FOR ALL LYROPK
Braathens S.A.F.E. Airtransport A/S DEPARTURE HONGKONG EVERY FRIDAY
M P. PE N
WITH
A
Flook Pages Pagh.t 31 Your Travel Agent i
Agents
WALLEM & COMPANY LIMITED
Hongkong & Shanghai Bank Building
Tel. 38041-5
Disappointments In
Business Picture United States
In
New York, Dec. 17.
A quick glance at business and industry shows busy factories and crowded stores.
over
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INSURANCE
HK SHIPPING
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Heavy Business Centres On "Spot" Sterling
London, Dec. 17.
Dealers bought and sold the British Pound on an open market for the first time in 12 years today in a controlled test of its worth.
The price fluctuated above and below the off- Bankers said the cial rate of $2.80 this first day. 24 trading was heavy.
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Mr Winston Churchill's Government hoped the small measure of freedom would have the psychological effect of bedstering world confidence in British money and pro- moting British business
Hey
Cam
there have Deen whach le Trusty was low to deny that die
Aub be devahend
suri utk Ba
11
Nyum
atlowed
Would nesatur:
3141 hesitated to place anters, beer,
to
with cheaper
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Potrer later on
Mr Chinchil
12 14 June
k. Get
12 100
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$00
620
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165
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SOUND
25.5
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123
330
The Rubber
Markets
En De: 17 Pres al rubber at Goose!
Buy as follows
Number i allow Mits
I
b
Juniao x · 1952 ·
41-42
1414 4-
$6.
Jonours Manali
Apr 14
Jais Saylarla
Coated Presh SINGAPORE MARKET
Singapore, Dec. 17. drpres al pubber futures closed
Nu Juti i liber pe: F
Dagrende
1997
F
Natele
N
Ada Bermuda
ssbalen
וי+,'
saying
Hnattvial dueles which do not expect the temporary Suspen- son of forward deadngs to land nore than a few days Faster
HIGHER IN NEW YORK
New York, Day 17 Bigher prices for the Brush Found 2 terms of the US sudiar prt varied 10 The New effer t ht te belloves w York market today in the first Put malai 15
under mlted priety of trading Fr. also gives the Pound fluctuation permitted by
Bate Goverment trance to gam a little over the Het rate, at i can
The dosing pier for spac Jeitvery was $2.80, ap mur from Friday's clo?
He Tosh precautions to ve But the Pound cind not put un
Immediate
asrange would
-
י! י
Pounds purchased To: del very 90 days from now -kuwe
90-day futures. were big
$277,
Thirty-day futures closed at
80- 92 78, up la cen 5. and day future – to ed at $2 77 up the cents
In med show The pair-
Sak af Engiami estre toar this spot Poun
international, Thar
aliowel cent Boctase 13. cents either
offenad from the
rate of 82 80 that a between $2.78 and $2.82
The Bank Sand it would allow givater degree of rise inc
watha What It valleri
castrate that an dengs my Pounds
delivered
me future date There were two other controls beband the mainų The brushing
SLIGHTLY
STRONGER
Spot price dips danyag be clay runged between $2 HO vents and $2.79%
The Federal Reserve Hork of New York. meanwhile nounced that had been structed to sell the Pound
1-
122-
Varige 18
England at $2.82 and to buy at add be done only by those exchange for the Bank o whe had the Bank's approval $2.78 The $2 78-52.82
Na! for eressary imports. the fluctuation permitted by the Jt auled out purely specula.
orde: Government's
affecting five operations
Pound exchange The Band of Englund does no deal in futuris
The Canadian stollar ise Satuan ove the Bank stood, 97.62% off 3/16 of a ceil after
ale the market having been up to 97.93, Sell Founds to keep one time The Canadian Gov Last Fauder ghatalom my Lue with the ernment annorum eni
afte, the market closed that a Trading bday entura around restrictions had been eliminated the spot Pound it opened at on the movement 12 1910 to $2 40%, and elusta at and out of Canada with 12
0707% 10 52 80
Yeast One banker saw murt ? und exchange foluats deph were on the basis
142-142 2
1914
!
147 N
13341M
027-128 142-1170 103 107
15 004
NY Cotton
Futures
New York, Dec 17. etton futures veday breatsy,
Prices clostyl ded afur Theluws --
Spot MAR 119521
Reports of good business popped up country. But there were discordant notes here and there. A steel strike appeared possible. goods ruts seemed certain,
The defence industries
W. A
Further
consumer
me aspects mad as to the effect
Gat their usual laugh product; no the deft new programte" schedules.
Country-wide.
dollar volume of reta.1 was pittle ove a when bilying wan level.
11 It
ין 144
Muly
October December
March 1953) May
4250 4482-47 25 41 87-41 50
38/07
37.83 nonuni 37 78 --United Press. NEW ORLEANS MARKET
41.35
the Men.whale, steel mills
164.1 per Traproducing at
cent of
with year www inted enparity, compared
record 103.4)
1 Fent
previous Spet week on 1013 a year ago
There
Worrisount There were other matters the industrial worki Laside sleet
I dala't lake much paking areund under the surtuce, how ever, to turn up disappoint
nents and soft spots.
Dun and Bradstreet, the bus ness reporting service, said re- tail dollar volume was modest
Previou i tion
FL
The Dance Department sard inflation had hit the armament programme hard and there was good chanc that the st
might get worse Government officials warded
automobiles and Le buil smaller than usual at this time efrigerators would
unemploy
home
ly higher than the
week or a year ago
Interost
נו[
apparel
was that fewer
of year, Duu and Bradstreet next year
said, with
the
rise
and the ment might popular sections most tems auch things as scarves, Defence Production Adminis- hustery, footwear and
items suitable trator Manly Fleischmann add-
+ haberdashery
for Christmas gifts.
SOFT SPOTS
The soft spots showed up in sectional breakdowns of
overall picture.
Some
ed that substantial additional
the second quarter.
41.89
cent.
On the bash 90- ta futur. Paund zulu for abou!
buried 1.R
iulia
1:
French Swedish
Dutel guilders.
bankur,
Canadian
nd SWISS kraner and
The Bist reaction in the New
market Was Strengthtrang of the Che bank Bald A wax bld $2.80. up an eighth of a
at
cent
control
Brighter
Report On US Crops
Washington, Dec. 17. The government reported Today that United States
crop production this year turned out to be the third largest of record, despite disappointing harvesta such major products as corn and 1949 were larger crops Only in 1948
and cotton.
Krown. The
VOILE
תחיי'יד
of
ROYAL INTERocean Lines
"TASMAN" "TUWANGI" "JASMAN
“TJIKAMPEK”
"RUYS"
**3 JR.UWAIT"
"VAN MEATSZ"
TJIBADAK
**
21NL
То
SAILINGS
Jajan
Zlogspare. Jaya & Macassar
Kinpajmre, Bjakarta Delawan Dell
Penang
bala & Macassar
Singapose.
Sura-
תמקגן.
Sun
Dakarta Tjirebon Semarang,
Jan
3th
Atamila.
Africa *
kurrica
Al JOLL
MAIDEN VOYAGE
To Singapore. JANA A
MACIONAL
1:00 Fella
Japan Parts
tax 17h
Singapore Pratig & Belawan Det
મી 420 F
1811 48th
singapore, dich Marassi
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2811 Maa SAL
Singapore, Java & MacoGAR) Alanya. Singapore. Africa
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"CHEATWAH"
Mar
LED
Singapore
MANIL
From
JITJALENGKA TJIWANGI" "TJITJALENGKA”
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"JIWANG
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"RUTS"
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Singapore. žava & Macasaar
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Penang. Belawan Dell Macassar Java & Singapore Calestia & Singapore alacax.4, Java Port &
Japkh
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& Singapore Singapore
Dev 1.rule Des 181h
Eben 1914
Jan
132 *32
240
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General Agents,
HOLLAND EAST ASIA LINE
December January February
SAILINGS TO EUROPE
com
"KIELDRECUT"
"AAGTEKERK“
01 Tive
**OVERIJSKI."
"DOGKERK”
ARENDEKERK"
"KIELDRECHT"
Jinal
Agrimuntur Departmeal Coop report of the
showed that the
pers durtson this YO Things and livestock, an stock products, $41 2 41% record.
Overshadowing the fact that
the aggregate production was
the largest in history, however, was a reduced estimate for corn. Lost week the Department seported a cution crop consider- hly below earlier expectations
A 2,841,000,000 bushels, the ein erop is below average size Curl far below the Department's now of 3.375,000,000
bushels
Jusge
Hot for the exmedee Leserves of cove from jare va Pops. Kazmera would ad necessary
Fit down rathe sharply nex) APO on Livestock. production,
Even
a much larger Poin muti be produced next var if In livestork: Liquidation Dugtamine is to be avoided 1953 L'ern suffered adverse weather conditions in much Di the Western con hell.
RICE RI ORD
The Jutge 189 ps resulted f proces for
of important corpu records were set 1
volume
of fairly large
wge number production
only a few
!
March
Apri
May
SAILINGS FROM EUROPE
"AAGTEKERK" "OVERIJSBL" "HOOGXENK" "ABENDKERK" "KIELDRECHT"
13th 2051
13th 1932
Eth 1852
1952 7th
7th 1932
TIN 1852
Arrives
Singapore
2017 191
Saila
Rotterdam
Hongkang
December
December
1x1 1851 31st 1951
Devesaber January February
Sch 1932
4th 1937
January
30th 1942
March
Sch
1052
5th 1952
April
EOC
1952
March
KING'S BUILDING. TELEPHONES: 28015 TO 2017 CHINESE AGINES: 82. CONNAUGHT ROAD, E TEN 4119, 25133
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA vis SAN FRANCISCO, LOS ANGELES AND PANAMA,
NEXT SAILINGS
Juding live. Soybeans
ith tobarva
have
e been exceeded in only one previous year.
Crups murt la.ge: than aver- age melude cottonseed sugar beets, thus fruits, ap- exceeded aver- Ples and pra
M.S.
ANNA MAERSK"
Oats,
M.S.
LEISE MAERSK"
M.S.
"GRETE MAERSK"
1.K
forear
Assumaten Perss
New York Foreign Exchanges
New York, Dec. 17
US$0 97%
a slight
Pound
Canada
England
unofficial
Z 797
2.42 bid 2.45 asked
30-day futures 16-y
2 78?
futures
776
Aula New Zealand
2.232
2 78.
2 80%
10
0198
1433
In Fliday lose, for in- medi le delivery. and $2.74, up
for Three cents,
delivery 90-day There
was speculation that South Africa the strength might be due
Hetk: baiders who had sold future tack
France Mounds to make sure they could.
West Germany I liver.
NO REVALUATION
Hond
ily
Noru ay
In Amsterdam. however, the Pogl
Spala Bunk of the Netherlands stopped Sweden
Switzerland in foreign at transactions
for the futures change bing.
Rx+
by mulier margins. The wheat crop was reported at 087,474,000 bushels
campani with 1,019,389,000 last year
the 1.071.310,000 10
10-year
average The Government's MID- 1,175,040,000 dhartion goal was bushels. However, as in the case
corn, the nation is protected
by large reserve
T
the orea.i
This year's rugs were plante: under mest: satisfact
excellent conditions.
However,
hot dey weather in some areas, Boods in others, and unfavour able harvest conditions in stit others reduced production totals
ACREAGE LOSSES
A Department statement said 302,000,000 Jores.
9,000,000 more than
ira
Un
about
ARRIVALS FROM U.S.A.
M.S.
"GRETE MAERSK"
M.S.
"OLGA MAERSK"
M.S.
"JEPTESEN MAERSK"
Dec. 22
Jan. * 16 Jan.
►
Dec. 22
Jan.
G
Jan. 14
For Freight and Further Particulars please apply to:-
AGENTS:
JEBSEN & CO.
Pedder Building
last year, PENINSULAR were planted 52 principal crops this year. Only in 1937. 0328-9 16 1944 and 1949
were larger
acreages planted.
The
harvested
acreage
this
year was estimated at 336,000,- 000 Dr about 647,000 less than last year. Losses in acreage-
difference between planteri
and harvested totals-amounted to about 26,400,000 veres, inore than double the acreage
in eight of the last
Fruit production this
30
2830
1405
.0348
.0265
0035
2212
A
time MIDDLE EAST
Egypt Iran
2,8816
the Argen- Iroq
Turkey Bank halted all
LATIN AMERICA Argenting
2 31
5375
years.
0705
Brazil Bolivia
0500
0150
4028
1.00
pe: cent above average.
1155
Pen
0:307
TIN
Uruguay Venezu
4250
cil seeda-peanuts.
2005
FAR EAST
There
India
2102
MARKET
London, Dec. 17.
is no trading door.
The Government has handled both spot and future dealings Singapore
Pakistan
2730
Hongkong Indonesia
Japan
300 yen to US$:
Mch 1952) Alay
41.56-41.57 -United Press
LONDON
1 Buenos Aires, Une cutial purchases of Pounds.
foreign ex- London's free
the henge market consists of foreign exchange departments of Chile
than 100 banks and Columbu brokerage houses and five for MEXICO eign exchange brokers. They ex-
and change bid
esked prices over a private network of inter- locking telephone lines.
more
The tin market today broke in pounds since September. 1939. sharply. Turnover was only 10 when the private money market tons, including five tons for cash. was closed at the art of the 1
Prices closed at the end of the second world war. official morning sussion! 36
It did not seem likely that the limited test would result :
any officiat upward revaluation
the Pound
follows:--
cutbacks will be necessary
in
Spot in, buyera
020
Spot in, solters
123
This will hit makers of such
Business dane at
025
of
Three-months din, buyers 12215 Tarte-months tin, sellera 925 Business dune at Settlement
925
the products as washing machines
store and other appliances as well as keopers were talking of a good manufacturers of automobiles season; better than last year. and refrigerators, Mr Fleisch- But from other sections came mann said
such comments
A substantial
Improvement in the basic eco- nomic condition of the country | 830-9225 would be necessary before that -United Press,
donc.
15
Cuba
1705
.3040
3315
-United Press.
Report On Tin Production
Washington, Dec. 17.
as "December It will hit all large users of Exchange Rates materials for industry and Reconstruction off in a slow start and still tightly-controlled steel,
hasn't caught up" or, "Running and aluminium. behind in dollar value"
was the
riks
copper
Mr Charles Wilson and Mr The biggest threal in the la-Fleischmann drew, u gloomy dustrial world
pos-pleture of meint scrap supplies.
The latter said if bad weather bity of a steel
The Government stepped in-caused another slowdown in the between flow of steel scrap, defence pro- to the negotiations the Congress of Industrial Or-duction will be severely hurt im- Fanisations United Steelworkors mediately
market
6.07
20.00
13.30
or
10
year
wis reported at 10 per cent
larger than last year, and six
Tel: Nos. 36066-9.
& ORIENTAL
SEPAR
STEAM NAVIGATION COMPANY
R.M.S. "CORFU"
AMENDED NOTICE TO PASSENGERS
The combined production of SAILS:
flax scexi
cottonseed, and soybeans-was
the largest of record by a small
margin.-Associated Press.
Reparations Talks Open In Tokyo
Tokyo, Dec. 17. Indonesia and Japan today informat bargaining problems of re-
10
A report on production and
apened Britain still is spending more marketing of tin in the Far East
who turned over today to the:
talks on the food and raw for abroad
Finance Cor-
transportation. rearmament than she is earning. puration, the Government's in parations, fisheries and marine
said on buyer.
It was reported that the cer- Business was done in the local Government sources
by t The report, prepared
ference was devoted only ung Botal
this Sunday that the nation's gold exchange
how to steer morning at the following rates: and dollar reserves would show specio: Government mission just the problem of
the talks. US dollar (por 1) Stering nolo (per £1) 18.06 a record loss of $700,000,000 for returned from Malaya and In-
will resume nt Indonesia guilders (per 100)
The talks 3.30 the quarter ending December 31 donesta, is regarded as a possi-
ble factor in settlement of the. 10:30 am. tomorrow, Siam ticals (per 100)
1.904-Associated Press. Singapore (per 100)
long controversy between the Transportation Minister D FIC pilastres
United States, Bolivia and other Raden Djuanda, Ambasulldor The Hague, Dec, 17. foreign producers over the price Raden Budjono, head of the The Netherlands National [at tin.
Indonesion Mlexion In Japan. Bank
announced today that Members of the mission de- and four others
reproRent:t foreign ellnet to diecuss the forward dealings in
report, the fodenalan Clovernment. New Delhi, Dec. 17.
were: temporarily which was not macie public.
wad represented by Omelal announcement or the currencies
This followed, the
Mes Adviser Julehil there was a worious threat to Mr Fleischmann said the cut-mal estimate of jute production suspended. coolinued production in the backs biso would make unenin India was 4,077,541 bubes for British Government decision of holding out for a price of $1.50 Taushing Director of the Aslan to re-open the a pound while AFC administra | Affairs Büronu HUI Majima steel industry ........
ployinent worse in some locali the current year 1501-32, show- Saturday last
tor W. Btuart Symington feistele and Bmbasky COLECTION "We are very much concerne sion but he did not expooting an increase of 41.7 per cent. Foreign Exchange Market.
the h1 much unemployment or a ka- owing to
high prler |
not upon a lower price-Associated Masayoshi Kakikubo, As- od about the possiblities,"
Such a declilon.
sociated Press. added, "boil as to the econo- tional scale.--Associated Press. alimulus-United Press,
unexpected in banking and Press.
and US Sicel Corp...
+
Clyde Mills, Assistant Dirce tor of the Federa)
Ho described the copper and Jute Crop Estimate aluminium, scrap situation
践应
Mediation precarious and algost diana-
and Conciliation Service, said trots.
NETHERLANDS" ACTION
Bolivian producers have been en '
BAGGAGE:
THURSDAY, the 20th DECEMBER at 5 p.m. 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 Wednes- day the 19th December.
SPECIAL NOTE: With the exception of hani packages 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 Thursday the 20th DECEMBER between 2.30 p.m. and 4 p.m.
EMBARKATION:
DON'T
WASTE
WATER
ESSENTIAL
SUPPLIES CERTIFICATES
Application Forms for Essential Supplies Certifi tate may be obtained' from Sruth China Morning Post
10 CENTS EACH.