ވ.
N.Y.K.
LINE
H.K./LIVERPOOL/CONTINENT LINE EXPRESS SERVICE
Arr. 4th Jan.
m/s "Suruga Maru" Sails 4th Jan.
for
Singapore, Suez, Genoa, Liverpool, Hamburg,
and Antwerp.
Hongkong/Genoa
Hongkong/Liverpool
Hongkong/Hamburg
24 days. 28 days. 33 days.
For further particulars please apply to:-
DODWELL & CO., LTD. (Freight Agents Only)
Shipping Dept.
Tel: 86621.
ROYAL INTEROCEAN LINES
SOUTH-AFRICA & SOUTH-AMERICA
m.v. "STR. VAN DIEMEN"
Loading Jan. 9 & 0
Salling Jan, 10
accepting cargo for
SINGAPORE, PENANG. MAURITIUS. LOURENCO MARQUES. DURBAN, EAST LONDON, Pont ELIZABETH. CAPE TOWN, RIO DE JANEIRO (ort.), SANTOS, MONTEVIDEO (opt.) & BUENOS AIRES.
EAST-AFRICA
m.v. "TJIBANTJET"
THE CHINA MAIL, MONDAY, JANUARY 2, 1961.
Weekly survey of American economy
survey_of
1960 WAS A GOOD YEAR Surprising improvement London Wall Street ends
over previous year
New York, Jan. 1. To the world in general and to many Americans it may como as a surprise that the year 1960 saw a general im- provement in the American economy over the previous
your.
In specific branches of the industry, such as steel and cars, 1960 was still
"second best" your.
This comes as
n surprize to those who, over the past six manths, have been fed a drab diet of declining statisties.
The explanation for the gen- cral good economic picture of 1900 is simple: The first half of the year made up for what the second half lost,
11
HE
1900 the U. S. had Perzonal income for
more than averaged about $405,000 mil- sbare Passenger traffic up 23 los, up from $383,000 mil per cent over 1959, cargo up 40 lion last year. Prefection for
per cent. 1961: close to $415.000 million:
And here are the sectors of U. S. was economy where the "second best" this year or just did not do so well
Unemployment:
closes firm
London, Jan. 1. Stocks ended 1960 in firm fashion although holiday influences restrained business. Buying by small investors with tho some institutions in fiold cheared most in- dustrials.
industrials
the
Over close in
year with most active session
New York, Jan. 1. The stock market climaxed a rather uneventful year with the most active session in more than two years, but prices on the week finished only slightly higher.
in American
The Dow Jones · averages on Friday showed 30 industrials at $15.09. up 3.60 points on the werk; 20 Falin at 190,55, up 1.20; and 15 utilities at 100.02 up 1.31. It was the drst time the utility average crossed the 100 level
since it dropped below that line on June 0, 1930.
The average for 65 stock" finished at 205.91 up 1.5,
The final trading day of the average since mid-March, 1950 Experts, up about 20 per
old year saw reporting tickers when volume averaged 4,322 148 cent from last year and
running behind floor trans-shores, or 3,685,056 shores daily. running at an Annual rate of
actions a good part of the day year $20,000 million. Imports
about There is another explanation: the same as inst year at about 4.5 million at the end of showed an average drop of 10 and at the close this stack ran 10 39 much as eight minutes. Most of the depressants of the $15,000 million. Projection into 1980; 3,577,000 at the end of per cent in the face of 1900's
Into second
like This activity had very little European half came
depressing news too late to 1981: The
boom is 1959. Projection
early flow of have much of an appreciable sinckening, there may even be a 1961: over five million.
two bank rate increases, tough effect on prices, however, and finished only slightly en effect
1960; their first in-worldwide mild recession and
Mineral output oil, coal, credit controls, nervousness an they will drop since fluence wil
into U.S. exports be projected
Iron Orc. etc.) $17,000 the balance of payments trent either side of the Thursday American prices are 'generally million, four Carly 1981.
per cent above and the setbacks in the U. S. close,
On the week, the price trend While most official year-end high. The rate of increase of 1039 but second to $18,100 million ceoncmy. Considering that the statistics ATC
year started out with equilies at was helped mainly by the con- not ovallabie at/US. exports in 1001 will slow, renched in 1057. this point, rellable enough esti- down to between seven and ten
Stect: This year's outpul their high point, markels have thucd strength
resistance to face Telephone & Telegraph which mates show these basic ecent per cent;
Retail sales
further arcund
of under 100 million tons, shown stout
lors working to erode prices. jumped 5 points in mie facts of life in the United
$200,000 million.
most likely around 98 million. about
la a short working week response to the firm's announce- States:
dividend attend:nce ment last week of a as last year. In 1961 a compared with last year's 03.4
million. This was second to the marked by a thin
and an offering o! 1955. Here the imbalance be index gave up a small fraction,, additional stock to its 1.0 million
It ended at Capital investment, busi-
305.3 against et stockholders, tween the first and
The holkiny-shortened work The year's low, ness outlays Fur
new halves of 1000 is most striking, week's 305.4.
saw some further tax selling and equipment: up from First half output was 61 million
set Dec. 9, was 283.4.
under pressure keeping prices million last year to
MERGER tons, in the second half, as con-
early, while the lost two $35.700 milion this year. A sumers used up output Inven- Imperial Chemical Industries sessions consistel of last minute decline to around $34,000 million, tories, only 30 million. Imports gained 6 pence on the weak to moves to adjust portfolios and In prospect for 1981;
also had their effect; they were end at 04/3 in face of strong toke advantage of Indicated Petroleum consumption in estimated at close to five million rumours that the giant would bargains.
1960 topped $3,300 million tons. barrels, up 2.1 per cont from 1959. This was considered dis- appointing by the industry s much higher increase was ex- pected:
same
The gross national pru-probable gain of one or two per 117 million tons produced in the Financial Times Industrial hike
duct (the total output of cent; goods and services) reached an annual rate of $503,000 million, up between three and four per
last year's cent from
rate of $482,000 million. Projection into 1901: Between $510,000 million and $515,000 million;
The Federal Reserve in- dex of industrial produc- tion averaged 108 per cent of the 1957 level. No exact com- parison is possible here since last year's output was calculated at 141.3 per cent of the older 1947-40 bases. However, the index is known to be slightly higher this year than last;
plant $32,600
~HOUSING
second
soon core to the market for more capital, perhaps by way
RETAIL TRADE of a rights issue. Courtaulds
With the exception of A.T. & notched fraction along with T. the list featured heavy British American Tobacco and activity on the part of a number
La fraction.
Villes registered the best gains as a group with Pacifo Gas & Electric, Long Islandi Fighting and Ameries n Natural Gas exck up iban 3 points.
more
outlook An optimalatio anies helped the tobacco group where Lorillard jumped 3 and Philip Morris and Reynolds added 2%
each.
"
Amalgamated Sugar was the upside feature with n gain of 11.
got
Ford
Studebaker-Packard, which 1 new chief executive,
and General Motors tacked on fractions Chrysler and American lost fractions---UPI.
starts Housing
(private dwellings) at an annual rate of 1,178,000, down between oir traffic 17 and 20 per cent from 1950 Unllover. Stores resumed the of low-priced issues in the dropped 1. ★ Translantic
due to Overall construction, judged by uptrack and Bowaters tacked on speculative category providing (here credit is
of 2 leadership
rather "00" News of Britain's biggest-quality.. International carriers also but atlays, about $85,000 million in
3000, two per cent belew the ever insurance merger proposa! 1930 record of $50,200 million. to join Royal with London and
The exports can see no in- Within the construction indus- Lancashire into a £400 million over the near term.
portant change in this pattern try
factors group focused attention on in-
P.O
Loading Jan. 4
4 & 5
Sailing Jan. 5
ORIENT
LINES
accepting cargo for.
SINGAPORE. MAHE, MOMBASA, TANGA, ZANZIBAR, DAR-ES-SALAAM & BEIRA.
For freight and further particulars apply to:
ROYAL INTEROCEAN LINES
Alexandra House, Mezzanine Floor. Tel. 35431/0 Chinese Agents: 82 Connaught Road, C. Tel. 34136/9
s.s. "STRATHMORE"
a
On
from voyage
U.K. to Australia, "STRATHMORE" is due to arrive at Hong Kong at 8 p.m. on 4th January.
there were LIVO
while Motore
which did remarkably well, al-surances which tended hardies.ceived very little encouragement BRITISH MACHINES
The trading community re-
FOR JAPAN
London. Jan. 1. The Adrena (London) group of companies anounced Last week a contract order to send imprinting machines
embossing machines
seven
and to
though "second best" Public
Golds held Arm but attracted from the business and economie construction totalled $10,800 little business. Ashanti Gold-pictures, Retall trade was the union, eight per cent above fields of Ghana returned to only bright spot, thanks to n 1950 and the highest for any favour and gained 2/4 to 16 last minute buying rush before year except 1938, a record high-Coppers looked better Friday Christmas. way bullding year. Private after losing ground over the The steel industry ended its. heavy construction (industrial week. Tins slayed on higher relatively poor year with the plant) tetalled $121,100 million, levels.
lowest operating rate for a non- above 1959 and 10 per cent
At the close of the weak oils strike period În more than 20 larger than any year except 1855,
steadied but gave ground over years.
231 The car industry was industrial building the three sessions. the biggest
stunned by the report of more year on record.
Only minor activity showed than one million cars in dealers, Japan. Automobiles: All sales up in gili-edged which moved nar- hands in early December, a new The order, the first of its kind except imports and the rowly and ended lile changed, high for that time of the year.placed by the companies in best year alter
1036. U. S the short-dated issues tending : made cars sold between 6.3 and to harden. Dollar stocks edged tinued to be
Rall and truck loadings-con- Japan, will be used to prepare adversely affected the plates used by the Brodma- The ship will be berthed at Kowloon Wharf Pier 0.7 million units, 8.5 per cent higher in response to Wall by the slow business conditions; Adrema rystem. It was made
above 1959. However, Imports Street's belter trend. No. 5 and will sail at 6 p.m. on 5th January.
Foreign bank clearings dropped sharply through the Tokyo Dai-Ichi dropped to some 500,000 seven bonds were in the doldrums and from the previous record week, Sholl Co., Ltd. 610,000 last year.
Greeks weakened, the 6 per cent but electricity production was A spokesman for the firms Consumer credit (instal of 1929 losing one point over Increased by the cold weather sald he could not disciors the *
ment buying) in 1900 the week to close at £20. and Christmas lighting. rose only $4,000 million, can-i Rubbers met demand and
Sales for this four-day week pared with the record rise of broke into higher ground buij amounted to 10,537,084 shares,
during 1939. tros ended
changed, or a daily average of 4,134,271 -UPI.
UPI.
shares, This was the highest
No passenger accommodation available from Hong Kong.
or cargo space is
MACKINNON, MACKENZIE & CO. OF HONG KONG LTD, $6,500 million
P&O BUILDING
little
menciary value of the contract, but said that he "envisaged quite a lot of business" for silar machines in Japon in the future.-UPI.
Mitsui Line
Tokyo
NEW YORK EXPRESS SERVICE
Los Angeles, Charleston, New York, Philadelphia, Baltimore & Norfolk,
ETA Jan Francisco Spik Fan,
10th
ma. "MOMIJIGAN MARU" Due Jan. 9th Sails Jon. Accepting carzo to Ciudad Trujillo with transhipment at Kobe + Charleston, New York, Halifax and St. Joha. tm. "MIKAGESAN MARU".. Dua Jan, 24th Bails Jan. 25th Accepting cargo for San Francisco & Los Angeles with transhipment at Kobe into "MEISHO MARU”
ETÀ Los Angeles 22nd Feb. Pacific North West, California & Ciudad Trujillo
Calling Vancouver, Seattle, Tacoma, Portland, San Francisco, Los Angeles & Ciudad Trujillo direct.
Due Jan. 19th Salla Jan, 20th Canada, U.S.A., Caribbean Soa & S. America
Vancouver, Longview, Acapulco, Cristobal, La Guaira, Port of Spain and Curacao.
8th Balls Jan. ..... Duc Jan HAVANA, U.S. GULF
1. "ARIMAGAN MARU”
m. "MEISHUN MARU"
Havana, Miami, New Orleans, Houston, Galveston,
M... "MEIGHUN MARU"
Mobile & Tampa. * Due Jan.
9th
6th Solis Jan. ((with transshipment at Kobe to ma, “AKAGISAN MARU”
Special Ventilated Space Available for Stowage of Perithablo Cargo.
** Also accepting cargo with fari trunggstpment to all overland portE
also Porte in Central & South Amerton & Caribbeko Sen.
01h
Singapore, Port Swottenham, Ponang, Rangaon & Calculto
m.a. "NACHIBAN MARU” ........... Dua Jan, 4th Balls Jan, 5th Singapore, Port Swettenhum, Pañang, Colombo, Karachi and Bombay.
m., “AZUCHIGAN MARU” Due Jan 6th Salle Jan.
WEST-AFRICA EXPRESS SERVICE
8th
'Lagos, Port Harcourt, Accra, Takoradi, Abidjan and Prestown MA "KVORITOU MARU" ....in Port Salis Jan. 3rd Noon Alio scoopling cargo for Lome, Cotónou, Donala, 'Librevilė, Pari Qențile and Polute Notre vis Abidjan and for Bathurst, Dakar, Cape Palmas á Monrovia via Frectows,
EASTERN LLOYD LIMITED
Mogul 299 (284 koor), skei Monių, 29 quein's Most Cantral, Mongtong
| Ohinery : Frsight - ARTRINIS KUEN KEE: 00. ⠀
H.K. Tel. 35211-0
Kln. Tel. 802298 & 806588
YAMASHITA
LINE
NORTH PACIFIC LINE HK/VANCOUVER 21 DAYS
M/S "YAMATSUKI MARU”
DUE JAN. 7
SAILS JAN, 9
loading for
Vancouver, Seattle, Tacomin, Longview and Portland, vis Kobe, Nagoya, Bhimiru. Yokobaram and Muroran,
Special Ventilated and Refrigerated Space
Avliable for Perishable Cargo
NEW YORK EXPRESS SERVICE IN 33 DAYS
DUE NEW YORK FEB. 17, 1961
M/S "YAMAKIMI MARU” DUE JAN. 12 SAILS JAN. 14 loading for Orlatobal, New York, Newark, Boston, Phlindolphin, Baltimore, Nerfolk via Japan and for Inland Pointa in V.8.A, sa well na for Montreal, Central and South Asseries, Caribbaan Ben & Gulf Posta with transhipment, ai Cristobal or New York. Also "Acogitia Caren for BAM STANCIBOO a Los Angeles wlis transhipment et Koba
Agent:
International Maritime Agencies Ltd.
Chinese Freight' Agents: WIND SING ▲.co.
JARDINES
THE INDO-CHINA S.N. CO., LTD.
To AUSTRALIA & NEW ZEALAND
For EASTERN TRADER Direct for
EASTERN STAR
EASTERN GLORY
EASTERN. TRADER
EASTERN ARGOSY
Sydne
Doe
BAJA
25 Jan.
3-Fob
Melboume,
Araba, Bydney.
4 Feb.
⚫ Feb.
Melbourne, Dunedin, Lyttelton, Wellington, Auckland, Bydney, Melbourne,
Brisbane Bydney, Melbourne,
Trubare Brisbane, Bydney, “
19 Fab.
LENORCHY
BRECONSHIRE
sa Jeb. GLENGARBY
21 Mar.
1 Apr.
Melbourne Thaadia,
Lyttelton, Wallington. Auckland
To RANGOON, CHITTAGONG & CALCUTTA
LOK SANG
EASTERN MAID
Calcutta.
Chittagong
Itangoon & Calcutta......
To STRAITS & BANGKOK
LOK BANG
EASTERN MAID *To 'BORNEO PORTS
HIN SANG
HD BANG
HEW SANG
VESTABLISHED 1012 A
with transhipment)
10 Jan.
237am.
GLEN LINE, LTD.
LENARTNEY
FAST SAILINGS TO EUROPE
Streitą Aden, Port Said, Genoa, London, Rotterdam, Amster dam & Færsburg .... Etralia, Aden, London, Rolter- Lorde dam, Amsterdam di Hainburg Balls; Btralia Aden, Port Bald, Genoa.
London, Rotterdam, Amator». Kolds 7 Feb. dam & Hamburg ... Batis D Job.
· Siralty, Aden, 'Landon,· Notter- Loads 17 Feb. dam, Amsterdamn & Hamburg WALES 19 Feb. (Accepting cargo for Antwerp,. Deeman, Copenhagen, Gothenburg á Osla
PAST SAILINGS FROM EUROPE
GLENFINLAS GLENORCHY BRECONSHIRE
Jan.LENGARRY
HADNORSHME
Balled 30 Mar, Sailed 29 NOV, Sailed 2."Ded. Balled 25, Dec.
Ballod 13 Den
f 13-Jan.
STATES STEAMSHIP CO.
SAILINGS TO SAN FRANCISCO, OAKLAND & LOS ANGELES
3. p.m.
1 Jan.
* Jan.
(+17)
Bangkok. Penang
Alagapore 题
5 p.m.
5 ..
1 JAZ (17)
3 Joh
PJA.
Singapore de Proeng ................
* Jan.
4 Jan
Kennedy Day & Nohayan Bandakan
Jan
7 JAG.
Badakan
6 120. Jan,
To OKINAWA, JAPAN & CHINA
7-Jatt. 10 Jan.
ото
In Port
DOOR
TEXAS
EASTERN SAGA, HOP SANG...
Osaka, Kobe & Tokohama: Moil, Osaka, Kobe, Nagoya
Yokotama
1 Jan.
UE. DANT†
B Jan.
1 Jan
EASTERN STAR'
Naha, Yokkaichi, Nagoya,
Scone
21 Зап
· All of the shore in makžeci to allocation with or withvül netice.
Leaves Lendon
Dus II.K. #Yor M. China
Jah 2. Jáb 14 JAD.
Jan.
is Jin
20. Jan.
Due W.X,
A-2
14
14 JA
29 Jan.
↑ Calling DinG: SERIE,
Through Bila to Island Cities, Work Indien, 0. d 8, Amen The. (Accepting antgo for Koho, Naguya à TokOkAMA), Coaziera reserve the right is priced "vis' KnY ESKEY PATİK
Jardine Here, Hut - Main,
JARDINE, MATHESON & CO., LTD. room d