Page
MESSAGERIES
THE CHINA MAIL, TUESDAY, DECEMBER 23, 1952.
MARÍTIMES Sell More To
MOM
"FRY-HILL"
+"MONKAY" +"BREST"
Arriving Leaving
-JAD, 24 Jan. 28
B+
· Feb. 10
*"LA MARSEILLAISE". Feb. 12 Feb. 15
For passenger and freight..
Outward For
Japan
Homeward For
N. Afties & Europe N. Africa & Europe
Marsellies via Manila
For freight to Saigon, Marseilles, Algiers, Tangier, Casablanca, Havre, Dunkirk, Antwerp & Rotterdam,
• Accepting cargo: •
Via Marsellica to all Mediterranean & West Africa Porta.
---vis Djibouti to Madagascar.
Subject To Change Without Notice.
CIE DES MESSAGERIES MARITIMES
P.O. Box 58, Hongkong
Queen's Building (gr. floor).
EVERETT
E
Tol. 26651 (8 lines):
LINES
EVERETT ORIENT LINE
Fast regular freight-refrigerator--passenger service to Korea, Japan, Philippines, Indo. China, Slam, Malaya, Rangoon, Calcutta and
Chittagong.
"LENEVERETT"
In Port
Salls
Loading
Dec.23 for Kobe, Hirchata, Yawata,
Osaka & Kobe,
"NOREVERETT"
Arrives Sails
Dec. 20 from Manila.
Dec. 27 for
Singapore,
Rangoon
Penang. Calcutta..
(Accepting cargo for transhipment Kobe/Putan and Kobe/Okinawa)
EVERETT STAR
LINE
Fast regular freight-refrigerator-passenger service to Korea, Japan,, Philippines, Indo- China, Siam, Malaya, Colombo, Bombay, Karachi and Persian Gulf Porta.
M. S. "THAI”
In Port
Sally
Loading Dec. 23
for Singapore, Port Swetten- ham, Madras, Colombo, Bombay, Karachi, Kharrum- shahr, Basrah & Bahrela.
M.S. "STAR BETELGEUSE" Arrives Dec. 30 from Singapore, Sails
Dec. 31 for Kobe & Yokohama (Accepting cargo for transhipment Kobe/Pusan and Kobe/Okinawa)
EVERETT STEAMSHIP CORPORATION S/A Queen's Building, Tolophona 31206. -Chinese- Department: Telephone-28293.
U.S. Control Law
Has Backfired
A
The U.S.
Washington, Dec. 22.
In the third quarter of
this year, foreign tries
sold
soun.
substantially
more to the United States than
they bought
continuing the
the second
here,
trend of
Transactions
road quarter.
1.8.
with the
the Department of
Commerce
Kaid today,
abled foreign countries to earn $700,000,000 more than they spent
bero
the July-August-September quarter.
Allogether, in the last
quarters.
forcim two countries have sold 91,- 100,000,000' more to tho 10.8. $21 they Javo bought from this country.
Associated Press.
TOY
BOOM
IN U.S.
New York. Dec. 22.
of
the
Optimistic Feeling
Over Business
Prospects In U.S.
New York, Dec: 22.
A record Christmas business appeared assured this past week for the retail storekeeper. Again shoppers spent more money than in any other comparable pre-holiday week.
+
As shoppers spent liberally, money in circulation reached an all- time peak for the fourth week in a row.
Industrial producten hit the | planned and inventorica to re- high spots too, and prosperity stock emptying shelves account- od for a fair share of thçao laarin
Was
by predicted
many economiste even after the de fence spending begins to taper off.
+
total was 10,520,000.
The significance is that sca-
the cor-
HONGKONG SHARE MARKET
(From Our Correspondent).
The emptying shelves were 'in' retail stores as well as in fac- torles and wholesalers' houses. Year-end statements were almost unanimous in their op-
EASY CREDIT timism for the months ahead.
Bradstreet, the Dun and Everyone
talking good W15 business.
The only differences busine a reporting service, mid
the accelerated pace of came
on how good.. The Bureau of Labour Statin-hoppets was expected to A "baby boom" in the US,
In tics reported factory employ-nue in the final shopping days boom
the is sparking a toy
Christmas with Christmas trade. Slores reportment is November (the latest before.
figure available) was the highest result of a new peak reason.
Business done on the Stock Retailers were reported rely- Eales 25 per cers ahead last season's.
since World War II. Much of
reported there ing heavily on promotions and Exchange this morning amount. The Bureau
to ed to $93,545.00. Noon quota- stressing easy credit terms business 16 in Imports..
were 36,000 more manufacturing keep their casts registers ringtons and the morning's trans- The toy manufacturers of the
jobs than in October and the trede,
ing-to a greater extent that actions:—' U.S.. representing the
Bradstreet anARES BUYERS SELLERS SALES said it is having its hands full
lust your. Dua and said. millon the nation's Supply.ag
In-
The business service told the INSURANCES of children. It estimates thereonal cuibacks in
dustries usually bring a decline
more youngsters
Canton are now 15,000,000
of factory shoppers were running in the number
deeply in debt than ever before,
Union in the five to nine-year bruck-
workers in November.
But, Dun and Bradstreet added, bebies ct ad
that 3,500,000.
SIMPPING It was not an unduly large bur- have been born every
RECORD HIGH year
den because choppers' incomes since 1948.
Bureau were also at a record high. But this year, the manufac- Inost Word from
Customers woe reported turers is that they are working sald, clothing manufacturers did
generally their payrolls and from two to three shifts a day, not frim
producera at a time when normally al durable goods most all the year's production panded. would have been shipped.
One estimate was that 100,000 different
toys are on the mar- ket this year. Two that were reported
in popular demand:
remote-control-
for
Fonte
ex-goods, Bilhough botter-grado
The same situation was true non-farm jobs generally The total of this category stood at 47,802,000 in November 1,010,600 above a year eariler. Pre-Christmas expansion
in
German-made Jeep, selling rotaļi trado and metal-working |
led
for $2.98,
2.98, and
a Japanese-made £3.49 model of e B-50 bomber. Said the Wall Street Journal:
"They're outselling anything
the
offset normal declines in con struction and canning. Bureau sald.
Business loans were at a re-
similar by domestic producers." cord high for the 12th week in -Associated Press.
a row and expansions already
Canadian Dollar Difficulties
-Ottawa, Dec. 22.
The financial world paid homage to the Canadian dollar in the year now drawing to a close. For the first time in 18 years it climbed from a discount to a premium, becoming the world's most powerful currency.
many remained quite bargain-conscious.
In the midst of the pleasing reports, however, were a few our rides. New York City, for instance, was the one big ceptice to the rule.
→COST OF LIVING
X一
One New York shopper sald sales were lagging behind last year and he blamed transporta- Hon
dimculties competition from suburban shopping centres and a
cily sales tax rents on the dollar).
As the
(three
Ding of holiday shop- the Government
increased,
reported
the cost of
living crept
up two-tenths of a point in November and equalled the re- cord high of last August
Higher
home rents ~were mainly responsible for the rise, the Burgau of Labour Statistics safd.
The Index Increase was too slight however, to preventa one-cent cut in the hourly wages of about 1,250,000,000 radioad workers whose pay
tled to the BLS index.
Under the previous adjust- ment the railroad workers had received a two cents an hour
Was
Waterboat
DOCKS, ETC.
$53 200
.. 1315.
K. What N. P. Whari... Provident .. 12.00 Provident
New Wheelock Wheelock
(Kts)
LAND, ETC.
Hotel
500 @ 4.15
30 30
10.30 10.00 200
10%
-
7.70 7.35 2000 @ 2.
8015
HK, Land (0) S'hal Land. 11-130 1000 -1.10
UTILITIES.
Tran...... 23.20 22.40 100 @ 2.40
Star Ferry 117 110 C. Light (D) 0.40 C. Light (N) 6.5 Electric
Telephone
Tel. (Rs.)
IDUSTRIES
Cement
500 20.30
600 9.45
2014
630 a 10.00
4.30
15,00
Ropa
20.00 2000 @ 20.10
STORES, ETC.
Dairy
18.70
Watson
COTTONS.
I+ Crawford
pavg.
MISCELLANEOUS
ROYAL INTEROCEAN LINES
*BOLEIVÄIN"
*TIMENTENCY
**TASKIAN=
"TJIWANGI"
Тиворак
"VAN: BRUTER
PEARMAN" "TJILUWAH" STJITJALENGKA"
PONDOR"
VESIBANTJET".
"TUWANGI".
"TÁUMAN" "STRAAT
KAKASAR "PTIKAHVEX"
"THLUWAN
“TJIMENZEN
TASMANM
NT JIWANG
"BOISSEVAR"
PTIIDANTIETH
"STRAAT. BORNDAY FIN, 14
“TJISADANE".
Mar.
"THLUWAT".
OfDr. E.
"TASMAN". "STRAAT
MAKASSAR"
"EJWANGI".
TIMENTENG"
"BOISIEVAIN"
"TASMAN" *TIWANG"
Mar 22
Api.
to Part
Dec. 5
Dec. 19
Pokobama c Yokohama, ♫ Yokkaichi,, Nagoya
Kobe
Kingapore,
i
- Djakarta,
Semarang,
“Makita," | ARRESTOJOS, nijakarta, V Kanartížne? 1. Atrijs à 8. America 19 Jaketa
-- Kingapura, Poliang, Balawan, Dell,
·Reunion-a-Br. E, Africa,
Bingapore, at Diakaria, Mauritius,
6 Affies & Starter
Semarang, doradafa.
Украл
Dianarta. Samarning
Katamar
Djakarta. Semarang,,, Guradata
Semarang.
* BUTeMala) &. MacamAU, Alants, Bingavore, K. & 3. Africa-&.
· B.-America
Singapore, Dakar, * Manekink
#. Airten & 8. America Djakarta. Semarang, Auṛabata „'da
Singapore, Penang & Delayan Deli Japan
·
+
прафого, plakaris, Semarang,
Mazabala ·i· Discansar, "Japan" v
“Bingapore......... "bjakasta,
Barabala Macassar
Bemarang
Japan
Mingapore' - Djakarta, ·Martellus,
MiNEAPOTS, Djakarta, Bemarang,
Buhoria da Macassar'
ABRIVALS
From
5. Africa, Naanuar,” Djakarta: &. Singapore
HAMATICA, B., Africa,. Drauritius,
· Singapore & Manila Paskoj, Belawan Dili & Singapore Bindassar, Sdrabain, BENSEFSDE,
Djakarta `& Singapore
KING'S BUILDING, Ground Floor
F
TEL. 28015/18.
CHINESE AGENTS: 82 CONNAUGHT BD. O. TEL8, 31136. 25138.
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE" & PHILADELPHIA vis
SAN FRANCISCO, LOS ANGELES AND FANARA. »
NEXT SAILINGS
*M.S. "JEPPESEN MAERSK 74
M.8. "OLGA MAERSK
MS."HULDA MAERSK”-
• CALLING --VANCOUVER
ARRIVALS FROM U.S.A.
∙1700 @ 212
M.S.
"HULDA MAERSK”
M.S. TREIN MAERSK”.
M.S.
Yangisza ... 5.70 6.90 300 67%
LONDON TIN MARKET
Wal
But pride in that achievement turned into increase. embarrassment for the Canadian Government and
*** FOOD FRICES DOWN for a big segment of the Canadian population.
While the Government
London, Dec. 22. --Meny-Canadian businessmen, can currency, the Canadian reporting the cost of living going-
Tho Un markot whs. Armer argued that Canada, which do-dollar would climb still higher, of wholesale food prices hit & this morning.*Turnover
up, Dun and Bradstreet's Index pended so heavily on foreign adding to the Government's, em-low since the end of June, 1950. 80 tons including 30 tons for markets for prosperity, simply barrassment
The
based on the cash. Prices closed at the end indox, could not afford an expensive
THREE CAUSES
wholesale costs pound each of the official morning session
of a Federal experts attributed the of 31 foods ins general use.
as follows:- dollar's spectacular dimb
to stood at $8.11, com
1. compared with three main developments:
$0.13 the previous week and
9401 $0.03 a
Business done at a year ago. In regard 10 food,, the Three-months tin, buyers 940
Three-months Department in it!
tin, sollen 045 Agriculture
045-044 Business done at 2. Heavy movement of foreign anal crop report of 1942′ said
Settlement.
040 capital into Canada.
United Press.
Jonar
premium ou the dollar, which rose to a 109-year high of during more than four cents
1. A surplus instead of a August and September, gave deficit in
foreign Canada's Importera - the opportunity of trade.
Imports.
paying less 10 complained of
But exporters
hardship. The pre-
3. A "psychological" growth American farmers produced
Spot zin, buyers
Spot Un, weilers
040
But for the wheat grower and acreages and mostly lower farm Exchange Rates
Uhe
מהעיר
record volume of agricultural to increase the of confidence in the dollar in products
#tus
year despite | 2,800,000 balos
of Canada's exports and the world's money markets. and Russia's price of - Washington, Dec. 22.
handicaps of drought, reduced ability to Into Canada's out The export control law closer to 3,800,000.
The depressed international compete for foreign markets.
the gold producer, particularly,
prices. curb on trade with the iron cotton market stems from the It was a case of exporters in-
premium
just a And, the Department added, the price of their goods headache and curtain countries has back build-up in
a way to lose the cro
crops were generally of ex- importers stocks absorbing the premium as en
* 29. fired on American cotton which followed the heavy buy-or
The car
got hurting after the outbreak of the extra cost. Many exporters re producers and has
war. Demand was so mained undecided. No one was
good news. The Defenoo certain how long the premium
Production Administration told them more than Russia, astro
re- then that.
at. export
them in the second quarter informed government source strictions were imposed on the trend would last. Some
1833 they would have it would be short-lived. said today,
It was not. As the year drew
Korean fighting started.
up
Korean
short 1950 American crop,
When the 1951 crop came in,
certain
Were
money.
Carnda wheat through the International Wheat Agreement at the maxi- muin price of $1.80 a bushel in United States funds. Every time
501 most of her cellent quamulacturers
of
more
Business was done in the local unofficial exchango market .this morning at the following rates:-
t
UB. dollar (per (1)
Sterling note (per £1)
Indonesian gundam (per 400)
Blam teala (per, 109)
Bingapore (Straile)
the curbs, excopt for the ban to a close, the premium shrunk / 40 dollar 'went up a cent, that steel than at any time' since the piastres (per 100)
on iron curtain shipments, were removed.
1054.
to less than two cents, but then it bounced back to more than three cents.
tho
price went down almost two cents a bushel.
Gold' producers sold most
For
of
STEEL TIGHT
wale
Cerverinena do something about Counged by the Increased col- tnorisation of 250.00 cars and
it:
In
·
Oncials studying the situa ilon pointed out that Russie arxi her satollites, Including Rod China, normally buy
The falling-off of demand this
heir production on the official Hold market with the price fix- The Government said the car to 1,000,000 bales of U.S. colton year has posed serious problems
PRODUCERS COMPLAIN
ed at 695 g.
fins ounce in US. manufacturers would get up to annually. This year American for. U.S..producers. There were
Government Le British Columbia, Jumber funds. Again, every time the 70 per cent of their consump- shipments are running at less reports that the
would advise them to
producers complained that the Canadian dollar jumped up, the tion up to, that time. cut than half of last year's rate.
cutting price in Canadian funds do-
And the our makers Sale of another 1,000,000 acreage considerably next year high-flying, dollar was
promised enough steel in the bales would save U.S. growers or face planting restrictions in into their ability to compete in clined.
to build sn market. The "WOLBYING DECISIONS Orst American
quarter
and 175,000 Cars (! from a looming surplus.
Government British Columbia
those who were dia- additional Oficials pointed out that This year's crop is estimated
probably the iron curtain nations have at 15,030,000 bales. Foreign demanded absolutely free access to other and domestle buyers are ex-
foreign investors might decide 315,000 trucks. colton sources, chiedy Pakistan pected to take only about 14,
Such civiliari 15 This
Vancouver speech, pull in their horns and take bales.
means and Egypt. In addition, Russia 000,000
and than herself supplies
of that much
1,000,000 Finance Minister Abboti replied prost on their Canadian Invest-frigerators Lawn mowers moro
was not much the ments, or the Canadian Grover farm and garden equipment also. the cation for her, Eastern hales will be left over at the that there
from civilian steel banefitted. Government could do. I would ment might decide it was again cations, European puppets either, from end of the season on August 1,
Axed
nilbestions. rate of
The Iron Ago, metal-working the Soviet crop or by resellos 1063 to be added to the 2000 Captain colors to buy on all time to place
up change on the dollar. op hand from previous dollars
There was some Indication to
Wodkly, said: "The steel trade "Even if wo
we assume that the carrylovers.,
the surplus American dollar ap-
Canada
wards the end of the year that market looks tighter now stien Communist countries
The Cotton Producers Comparently available in not are
of American investors were taking this for several months." has been working to
There was not that kind
Halfdany steel people, Iron Age some Canadian has money available in the Federal profit As t
the securities but not to atty extent said, "had expected first algat of essing damanzi to staré show- vernment
hid invested, more lo
sharply,
Aristed Press. dollars and gold than at any history. time in her
getting all the cotton themedy the situation. It
need," one omelet sald, "their
Was
the Canadian dollers in American the exchange rude downg about the first of the year."
д progrimme fox only difficulty would be the proposed price bre. And with the slacker voluntary acroagge
and 19 urging world demand, other countries next year have become anxious sellera Gorament to push sales to tho at prices generally below the countries participating in U.S. prices
mutual security programma., -* Goverment experts arrived United Press,
at their conclusions even after
the fantastically
As for fixieg of an oxchange rape,
Mr. Abbott observed in Hils the Vancouver, sperent laat oma to a future time, conditions may de-
Production estimated from JAPANESE BONDS these reserves to "Iron On the from personal
Red Ching and Rueda. The
Red governamental nounood that the output in Ching in this Japanese
past season bit about 4,500,000 bales and 10,500,000 imies in Russin.
American o
othelala, using
bonds "A" (45., of 1800) 4
"13" (4 of 1810) 77%
(5 of 1907 136 "D" (B." of 1934).108 "E" (B48 of 1030) 106.
commumption figures and reporía: from Embary: experts, may Consola that the China crop was nearer
London, Dec, 21, The ruber Situres market was dulls lados: Priers" "eloted Ahị
The official reserves at end
September climbed peak
of $1,835,000,000. The yoop in which I would be up- LONDON RUBBER
using propriate to take this stop Government said it was
But I tell you frankly and sharp dally fluctuations in
Involved by exclubge rate of the dollar, 11 mald the de
It cotunily was doing setting or What It Was buying up much staple of exchang American currency op it could ones to: 10 prevent the Canadiandole
from Intreasing its premium without We Federal oficial observed fok 1-58-13/10
that if the Clovernment's agents Briaric Unlied Prem, stopped buying mayplus.
“Associated
changing fred
11.00
"NICOLINE MAERSK"
Jan.
Jan. 18 Feb.
~ Dec.
Feb.
Feb.
For Freight and Further Particulars please apply
JEBSEN
Pedder Building
& CO.
Tel. Nos 86066-9.
1). Dates, and rotation mbject' to change" witham neties.
at liberty to proceed via other''ports" "to" long/discharge cargo.
BUSINESS REGULATION
ORDINANCE, 1952
Copies of the prescribed Forms 1(a) 1(b) and F(c),
Now On Sale at S. C. M. Post, Ltd.
HONGKONG AND KOWLOON
TEN CENTS EACH
NORTHWEST
AIR CARGO TO
SEATTLE, CHICAGO, NEW YORK
Detroit, Cleveland, Pittsburgh, Washington Connections to Colfernin and Að Major U. 5, Cilies
Through Jeryka la Conjunction with Hong Kong Airways -
Boras 1dg., jog Houas, Street, H.K. 21178, 20171, 52850 ut. Your Travel Agent
Hong Kong Airways
AND
Northwest Airlines