THE HONGKONG TELEGRAPH, FRIDAY, DECEMBER 8, 1950.
EDITORS PARSG BEDVICE INC ~NUEVA YORK
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Eu
-1943-
"Did you ever think that maybe you just don't like coffee?"
FOR THE BUSINESSMAN
Off In
Newsprint Export | Grains Fall
To Malaya: Query In Commons
London, Dec. 7.
Mr Harold Wilson, President of the Board of Trade, said today that he could not increase the amount of British newsprint exports to Malaya in 1951.
Air Commodore, Arthur Harvey, Conserva- tive, had asked in the House of Commons if Mr Wilson would make available to newspapers in Malaya more Brititsh newsprint from the lower
Inside Information priced export surplus in 1951.
A
By Mercury
+1
ל3
PLOT to sail Polish | Ambassador that Britain will not warships into western agree to higher meat prices. ports has been thwarted by arrests of high officers Gdynia.
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in
A Russian, Admiral Szelagov-
sky, has been appointed to.com-
mand the Polish Navy.
中
King Farouk
may propose membership of the Atlantic Pact as an alternative to the Anglo- Egyptian Treaty.
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Threats by West Germany to quit the European Payments Union and rely on its own dollar earnings led to the new £42,
000,000 loan,
A secret condition for the new loan is
Germany that West sticks to the principles of the European Recovery Plan.
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Marshal Guderian, Hitler's last Chief of Staff, is the leader of a German military group of- Britain and the US. are study-fering to serve with the Egyptian ing proposals to scale down Mar-
Army. shall aid and increase military aid for Britain under the Atlan- tic Pact.
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A military conference will be held in Moscow with 'generals of the European satellite states. They have been disturbed by the hesitant Soviet support given to North Korea..
E
Hungary is finding it hard to train suitable officers for her ten division army.
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Britain has lent Egypt a senior her civil servant to overhaul civil service. Egypt wants to send naval officers to Britain to tour Royal Navy establishments.
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Rommel's senior staff officer, Colonel von Tempelhoff, has already accepted an advisory post in Syria.
เ
The British Government is working out draft legislation for with rainor dealing summarily Communist activities as disaffec-
tion.
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High Court procedure would be avoided and sentences would not exceed two years.
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A severe blow. to British trade next year will be the lifting by Canada of import restrictions on American goods,
0
Marshal Tito, as a concession There are 14,000 registered Russian deserters in Western to Western opinion, will pass-
laws soon curtailing police Europe including six generals.
powers and
increasing the au- thority of courts of law.
Persia has prolonged military service for officers by six months,
•
Prince Bernhard of the Nether-
lands will make a good will tour
of South America in 1951.
解
Soviet jamming stations
аге
doing regular five-minute jam-
ming tests on British broadcasts to Eastern European countries. This jamming could blot out all
but Moscow programmes, holding it in reserve.
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18
All letters from abroad re- ceived in Czechoslovakia have to be handed in to the Post Office
after being read.
咖
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Two Czechoslovak ice hockey
stars, who planned to escape during a fixture in London, are
now working in Rovnost uranium mine.
卓
A senior British security of- ficial is on a tour of British Em- bassies and Hight Commissioners' offices.
secret
He will see whether documents are safely kept and regulations to prevent espionage strictly applied.
Mr Bevin, after talks between Office Treasury and Foreign officials, has told the Argentine
STANDARD BRIDGE.
By M. Harrison-Gray
4504
BUKK
Dealer: South
Game all
N.
AK 49 6
AJ 62
J 10 4
48 4
2
F
A 10 5
4904
AJ 32
53
9
❤ KQ 8 7 6
Q 8
4 A 10 7 5
In the 1949 Masters' Indi- vidual Championship, at five of the SLX tables South opened One Heart and passed over North's limit raise to Three Hearts. exactly nice tricks being made.
SO
At the Inst table the jump raise was treated as forcing. North temporised with One Spade. When South rebld Two Hearts. North decided that a mere raise to Three Hearts would not show his ne trump support, so he Jumped to Four-a good example of the pitfalls of the forcing jump raise.
South tried to make his tho contract by winning opening Club lend and run- ning his ♣ 10. This gave him an outside. chance if West held J and the opponents failed to cash their tricks quickly, but the result was two down...
London #xpress Service.
Mr
Wilson replied: whole of the
"The
100,000 tons 10 which the Government has
limited exports (to the Common- NY Cotton
wealth) from British mills 1951 is already committed.
in
"In its allocation it took full Market Gets
account of the representations made on behalf of the colonies Com-
The Jitters
to
COLONIAL office view the
and other parts of the monwealth."
Commodore Harvey: "Does that mean that the representa- tions have been ineffective? Do
New York, Dec. 7. you not think that Malaya, which
Cotton futures prices raced up is going through this frightful and down
in the price scale, emergency, needs paper at the
responding
small orders of the either way. In view right price?
The uncertainties earned by the colony, in the dollars
Korean situation kept will
consider this you not
traders on edge. Possibilities of matter in the light of the exist-
3 compromise peace clashed ing circumstances?"
with unconfirmed rumours that de- Administration might clare a state of limited emer- Mr Wilson: "The representa-gency. Following out that line tions were by no means in- of reasoning, traders began to develop fresh fears that the effective. But it would only be possible to increase The Administration might decide to allocation for Malaya if we put a quick freeze on prices. were able to produce one of the other forms of export."
The muddled situation in in- ternational politics and uncer- tainty over Government controls at home brought some selling
Chicago
Chiengo, Dec. 7. Most deliveries fell off today after a firm opening with soy- boans leading the decline and
dropping as much as 44 cents a bushel. It was reported in authorised the Netherlands to
the market that the ECA had
purchase $3,325,000 of bread grains.
Wheat futures closed % to 1% cents lower, corn was
to lower, oats lower to higher, rye 1% to 2 lower
and soybeans 2 to 3 lower.
Prices closed today as fol lows:-
Wheat-price per bushel
2.2014 2.2015
2.31%-12 2.33-
2.20%
Spot
December
March 1951)
May
July
Corn
1.717%
Spot December
1.066-56
March (1951) May
1.6736-
1.6795-4
1.67-1
ye
1.40
1.5594
964-4
9012
July
December
May (1951)
Onts
December
March (1951)
New York flour-per 200 lb sack, $12.60-United Press.
Sterling Release
New Delhi, Dec. 7. The Indian Finance Minister, Dr Chintaman Deshmukh, told the Indian Parliament today
had been. that arrangements made to release £210 million from India's sterling balances. with Britain dwing six years. beginning July, 1951.Reuter,
right after a higher opening OUTWARD MAILS
Mr Alan Lennox - Boyd (Conservative): "Was any extra weight given to Malaya in view of the fact that it is the only part of the Empire now at war?" Nervous longs ran away when Mr Wilson: "We were guideu the market started to slide un- by the Colonial Office.der the impact of hedge selling They gave us their views
and commission house liquida- shipments to particular colonies." tion.
Air Commodore Harvey gave notice that, in...view of the "unsatisfactory reply," he would try to raise the matter again. Reuter.
London Tin
Market
on
London, Dec. 7. The tin market cased at the morning session today. Turn- over was very small-only 25 tons, including five tons of spot. Prices closed today at the end
the of
official session follows:-
Spot tin, buyers
Spot in, sellers
Business done at Three-months tin, buyers
DS
of
loss Uncovering
stop in the mid- orders speeded morning break which did not culminate until March delivery dropped almost 100 points from the opening high. Mill and other trade interests sub- sequently brought a brisk rally of about 50 points from the
market lows, but the
had a hard time in holding the rallies in the face of hedging and liquidation. The evening up i furnished another feature. The circulation of delivery notices for 1,200 bales brought recur- ring spells of liquidation in the spot month.
The market opened off 5 to up 20, then slumped to losses 1,090 of 19 to 04 points on the mid- 1,095 morning break and then closed 1,090
98048 points to 11 points higher. 190 Prices closed today as follows:— 935 1,090
Three-months tin, sellers Business done at Settlement
--United Press.
Spot
December March (1951) May
Rubber Futures Jul
In Singapore
Singapore, Dec. 7.
Prices in the rubber futures
*October December March (1952) May
43.75
41.82
41.80-41.05
41.13-41.23
40.55-40.00
36.80
30.50
36.22 nominal 30.02 United Press.
market here closed today as New Orleans Cotton
follows:
1 rubber, per lb. December
rubber January
No.
17214-17334 No.
(1051)
161 162 No. 1 rubber, February 157 158 No. 2 rubber, December 1021-10332 No. 3 rubber, December 15214-15315 No. 4 rubber, December 142-14335
173 174 Spot rubber, 'unbaled Black crepe
125 -327 No. 1 pale crepe
New Orleans, Dec. 7.
41.85 42.82 bid
Spot December March (1951)
May July
October
December March (1952)
179 -182 May United Press.
Offers Of Copra
41.64-41.65
41,05-41.00
40.40 36.78 bld 36.21 35.80 bid 36.11 bid United Press,
Abaca Purchase
New York, Dec. 7. Sellers continued to offer
Washington, December 7. copra for nearby shipment at The ECA announced today $212.50 per short ton. Buyers that it has allocated $250,000 to were Indifferent. In cocoa Norway for the purchase of nut oil, December shipment Abaca fibre in the Philippines. was offered at 10% coats. The delivery is to be made by United Press,
July 31-United Press.
A surface mali to United King- dom per RMB Chusan will bo closed оп December 8. This mail is expected to arrive in London-oror" about January G. Unless otherwise stated. Re- gistered. Articles (by air or sen) and Parcel Posts
One close Hour earlier. than the ordinary mall where malis close on Bun- days of before 10 am. on any other days, registered and par- cel posts close at 5 pm on the ... previons
day. Mails are closed, at Kowloon Central Post Office
hour.....earlier
than
the G.P.O.. closing times. nited
030
FRIDAY, DECEMBER'S Jh what Closing Times. By Airmiyaa B. N. Borneo, Australia.&. New + Zealand, 5 p.m.
Indo-China, French North Africa & France, 5 5 pm,
Philippines. Hawaii & U.S.A. second class mail and par- letter cela) Guam, (letters and second class mail) Canada, (letters only),
P.m.
5
India, Pakistan Persian Guit Forts, Iraq, Iran, Egypt, East & South Africa Mauritius, Great Britain, Spain, Portugal, Italy & N. W Europe, 5
4.
p.m.
For 10g Times By Sea
*Malaya, Ceylon, Madagascar, Mauritius, Indíny. Arábia, Egypt, Spain, Portugal, Belgium, Frenchi North Africa, Great Britain & N. W. Europe, 4 p.m. (par & reg); 5 p.m. (ord).
SATURDAY, DECEMBER 9
Closing Times By Air Formosa, 3 p.m.
Stam, p.m.
Closing Times By Sea Philippines & B N. Boraco. B.
N. Guinca, Australia & New Zea- Innd, 10 a.m.
Formosa, 11 ..
Malaya & Indonesia, 2 p.m. East & South Africa, 2 p.m. Burma, 2 p.m.
SUNDAY, DECEMBER 10 Closing Times By Air Philippines & B. N. Borneo, 10
a.m.
Formoso, 10 a.m.
Closing Times By Sea
Philippines, 9 a.m.
MONDAY, DECEMBER 11 Closing Times By Air
Formosa, 10 a.m.
USA. & Canada, 2 p.m. Indo-China, Fronch North Africa & France, 3 p.m.
Burma, Malaya, Indonesia, Autolin, New Zealand & Ceylon, 5 p.m.
India, Pakistan, Perelan Gulf Porta, Iraq, Iran, Egypt Blast 8: South Africa. Mauritius, Great Britain, Italy & N. W. Europe, 8
p.m.
Closing Times By Sea. Malayo & India, 2 p.m. Siam, 3 p.m.