1950-11-02 — Page 11

SSAGERIES

M

HABSEILLAISE”

ARRIVALS

M

THE CHINA MAIL, THURSDAY, NOVEMBER 2, 1950.

MARITIMES, United States Simplifying Buoyancy In Import Procedure U.S. Raising

U.S. Raising London Stocks Output Of Synthetic

from Marseilles

SAILINGS.

PASSENGER/FREIGHT SERVICE

to Yokohama/Kobe

8th Nov.

MARSEILLAISE” MARSEILLAISE" EX ROUSSEL”

9th Nov, to Marsellies via Manila 20th Nov. to Marseilles via Manila 10th Jan,

FREIGHT SERVICE

ANOON" LA

1.N. Afrios à Europe 15th Nov, .........N. Airlea & Europe. 13th Dec,

for

..

ÞET⋅ SAID, TUNIS, MARSEILLES, ALGIERS, ORAN,

TANGIER, Casablanca, HAVRE, DUNKIRK, ANTWERP & ROTTERDAM,

ANCON"

to Salzon

15th Nov.

Tel. 26651 (Three Lines).

EDES MESSAGERIES MARITIMES

ben's Building

NDEPENDENT

ISBRANDTSEN

DEPENDABLE

Regular Sallings from Hongkong

NEW YORK, BALTIMORE AND PHILADELPHIA

VIA SAN FRANCISCO OR LOS ANGELES

Duo From:

"FLYING INDEPENDENT"

New York via Manila

Nov. 3rd

shipment cargo accepta

Havana and other Cuban

also Venezucia)

Sails For: Taingtno, Taktu

Bar,

Kobe, Nagoya,

Yoko. hama,

San Francisco. Lo Angeles, New York via Panama Canal, Nov. 5th

Limited Passenger Accommodation Available Above Dates Subject to Change For Information Apply to:

.P. Pattison & Co., Inc.

ENERAL AGENTS: CHINA, FORMOSA, KOREA,

JAPAN & HONGKONG

14 Queen's Road Central, 4th Floor. Tel: 25846.

Chinese Agents;

OVERSEA CHINESE STEAMSHIP CO., LTD. 48 Bonham Strand West, 1st Floor. Tel. 26127 & 31119

WAT BRMAN

EAMSHIP LAX CORPORATION

MOBILE ALA. USA

WATERMAN LINE EXPRESSTM

FREIGHT SERVICE

FROM US. ATLANTIC COAST VIA JAPAN

"ANDREW JACKSON” Duo about

“ALAWAF"

12th Nov. 1950 .... 27th Nov, 1950

DIRECT FOR

EW YORK, BALTIMORE & PHILADELPHIA

VIA JAPAN & HONOLULU.

FANDREW "ALAWAI"

JACKSON" Balls about

13th Nov. 1950 28th Nov. 1950 LSO ACCEPTING TRANSHIPMENT CARGO FOR

GULF PORTS.

WALLEM & COMPANY LTD.

Agents

Hongkong. & Shanghat Bank Building

Telephones:-98041—5.

IVARAN LINES

FAR EAST SERVICE

FROM U.S. ATLANTIC COAST PORTS "LISHOLT"

Due about 15th Nov. 1960. SAILING FOR JAPAN, LOS ANGELES AND U.S. ATLANTIC COAST VIA PANAMA CANAL

“LISHOLT"

Salls about 16th Nov. 1950.

Alto Accepting Transhipment Cargo for West Indics and South America

For freight and further particulars apply:

►

New York, Nov. 1.

The Under-Secretary of State, Mr James E. Webb, announced today that the United States cus- toms procedures were being simplified, effective immediately.

་

Foreign traders will thus be able to tell in advance the duty they will be charged on goods shipped to the United States.

The Bell Mission's Report

London, Nov. 1.

which has

America,

synthetic tubbor plants capable of producing nearly Mr Webb, in an address ben million tons annually, tore tho meeting of the Na

Lional Foreign Trade Counell here, described the Innovaties as one of the most important steps taken by the United States in its efforts to meet the needs of modern trade and to stimulate world commerce.

may one day be independent of all outside sources of natural rubber,

to

tho

London, Nov, 1. Blocks were buoyant on

tho

London Block Ex-

chango,

Most leading industrials were higher. and· bago metals were firm and so-

tive.

British Government bonds wore 1/4 to 1/2 a point better through most of tho Hist

Financial Times' Index 118.5. Associated Presa,

HONGKONG

SHARE

MARKET

JARDINE. MATHESON &

FREIGHT DEPARTMENT

PASSAGE DEPARTMENT. - :

11

18 PEDDER STREET TELEPHONE 30311

INDO

IDO CHINA S.N. CO.,LTD.

* "FRONTO"

"WINGBANG"

3. "ESANG"

KR./"HINDUSTAN**, ***HANGSANG"

KS. "PRONTO" ***WINGBANG"

*.*. "EBANG"

1.3. "INDUSTAN"

SAILINGS TO

Tientsin Kedlung

Straits. Rangoon, &

Calcula

Japan

.. Bardakçan

Tientsin

.eount

„Japan -..

ARRIVALS FROM

Calculla, Siraits, Bangkok

Saigon.*****

of Lading, for

Cargo accepted on through bilis MADRAS & PONDICHERRY via Bingapore and for KUDAT, JESSELTON, LA BUAN, TAWAU, LAHAD- DATU & EMPORNA VÅa Sandakap.

0th Nov. 9th. Nov.

Not

6th Now.

0th Nov.

Nov, v

13th..Nov.

LUSTRALIA CHINA LINE LTD.

Plant scientists of the U.S. Department of Agriculture who are engaged in experiments produce natural rubber in Mr Webb said, "Effective to America

report "Flow but day, the Treasury Department significant

progress" through the Bureau of Customs

They foresee the time when Manila, Nov. 1..

has established the procedures rubber can be produced in The voluminous appendless whe

whereby foreign

traders

lers van south west United States at 1 of the Bell Mission's

obtain ia

of advance report.

m-cost below the current market The turnover on the Stock*.v. "KAFIKISTAN" containing detailed studies and noriation into. tho United

ited price (which today reached five recommendations for improve. States, a formal ruling of tariff chilling a pound.) ments in Philippino fisent d-classification of merchandise and

The Department disclosed that ministration and

the rate of duty to be applied. economy,

pow

high-yiciding strains have "Now provisions will make it been were released hero this after-

created from the rubber for noon by the United States Em- possible

the importer to

plant

Guayule, a shrub that bassy.

crows, on the dry table lands of Mexico and Texas. These new

The supplementeelleased hure did not bear out earlier press reports frem Washington pre- saging hard hitting criticism of the Philippine Government,

New Zealand To strains will produce about 1,200

Stay Out Of spokesman Monetary

Tho

Embassy stressed that the supplement, which was compiled by various mission

did not specialists, necessarily represent the views of the Bell Mission as a whole. er of the United States Govern- ment.

The appendices, totalling 280 pages, dealt in detail with the processes of the tax programme, customs, industries, utilities,1 agriculture, fisherles and fores try.

"The

Fund

Wellington, N. Z

Nov. 1. New Zealand -tonight decided to become the only major country in tho British Commonwealth to remain outside the Inter- national Monetary Fand.

The Government declded U. I wante (dölines, tą seck a: direct loan rather than an advance through the World Bank.--Associated Press.

know exactly how merchandise he wishes to

bring inid the United States will be treated for tariff purposes and thus he car tell what "landed costs"

A copy of the appendices was given to the Malacanan Palace but was too early for any official reaction to the specialists' And Ings,

supplement noted efficiencies In

in some departments, and suggested reorganisation will be. and Lightening up of procedures and regulations to improve effective operations and elimin- ate opportunities for irregular ities-United Press.

Fluctuating Day In NY Cotton

a

to

pounds of rubber per acre in Ive growing stasons. Own Correspondent,

Confusion On

Wall Street

Exchange this morning was $407,518.70. Transactions and noon prices were as follows:

SHARES BUYERS BELLERS SĀĻES BANKS

Bank INSURANCES

Canton Union

SHIPPING

Dock

1450

la O P}

200 015

100

GOO

DO 1 000

Our

Ania Nuv

DOCKS, ETC.

K. Whart

24

50 15

N. Pt. Wharf

ass

1522

Provide

12.20

400 m 121)

300 © 123%

LAND. ETC.

HK Hotel

8.00

HK Land 40%

200 45

Humphreya

UTILITIES

Star Ferry

C. Light (0) 14%

'New York, Nov. 1.

market The stock

started the month of November with a rich display of confusion to- day.

A last hour- flurry of buying gave the market a small Uft on

the average. During

day, however, the trend was cloudy, to say the least

The late buying was a pleto ́) reversal of form. On Monday and Tuesday, prices were flattened by short. but intense bucals of selling

com-

Business was done in fits and starts and sales contracted to 1,780,000 shares.

TARIFF CLASSIFICATION "Prospective Importers or foreign

exporters may apply in writing to the Commissioner A total of 522. issues ad- cf Customs for a ruling as vanced while 33 declined. A tarif classifications of the dozen stocks reached now highs article if they furnish neces- for the year or longer. Only

information such

of the 15 most activel two sary

ma-stocks declined. specifications, component

Dow Jones averages: terials and the chief

Stocks

as

Mr Webb said that in looking to the future the United States should bear in mind that no single free nation is capable, without economic suicide, oi providing the full strength re- quired to neutralise the general New York, Nov. 1. Soviet threat to all free people. Cotton prices see-sawed ever "This strength can only be 30-point range, responding provided if all nations which to small orders either way. have identity of interests con- Mill and other trade orders in nearby December of the whole group arrested the set-backs. Some

politicni "Milltary,

and market experts felt that the economic measures are being present trading range may be taken by the United States to held pending the outcome of win the cold war. In many the elections and the ensuing respects, the economic is the Government crop estimate on most

Important and most Nov. 8. Confirmation was re- enduring, since political freedom ceived of the Mexican Govern- and military security depend on ment's embargo on raw cotton them."-United Press, exports.

20 Industrials 15 Rails

10 Utilities

.

Trang ..........II.DO I.20 600 ( 11.10

C. Light (N)

mlectric

100 Bits

SAILINGS TO

Brisbane, Sydney, Mol-

bourne & Adelaide Zad Nov, ARRIVALS FROM 1.2. "EASTERN GLORY".........Australian Porta via

Japan' *Cargo acceptąd on through Bilis of Lading to Tammania, New Zealand and Pacife Island Porta

GLEN LINE LTD.

24th. Nov.

SCHEDULED SAILINGS TO UK. & CONTINENT · m.v. "DENBIGHSHME”

Loading at buoy As mails oth November, for Straits, Colombo, Aden, Buez, Port Said, Cambiance, London, Hamburg, Due London 15th December..

M.Y. “GLENORCHY”

Antwerp, Rotterdum,

Loads 15th November, alla 20th November, for Straits, Colombo, Aden, Bues, Part Bald, Alexandria, Genos, London, Antwerp, HEL- terdam/Amsterdam, Hamburg. Due London let January,

(Carriers option to proceed via other ports to landƒdischarge,cargo)} SCHEDULED ARRIVALS FROM LONDON

18 500 m 1432 1000 60 1400 10.10,1000 @ 10.

ILT. "OLEN ARTNET*--- B00-10. m.v. "DRECONSHIREN 333 0.30 ||v. "ESLPUWARN" 31 2000 3034 .... 3014

m.v. "GLENGARRY” 300 301 1400, 1014

500 @ 30

1009103

14.400 @ 1319

Tel. (0) ... 114 Tel. (New) INDUSTRIALS

Cement.... 13%

Dairy (0) .. 144

'Dairy (New) 1315

Watson

2000

500 1318

1000 49 1000 1.

200 15.

..... 2334 24 200

COTTONS

Evo

·3.20

Bebeco *EASE

Farmers In

81.12. 225.69. 68.51. 40.13.

Britain

Associated Press.

Russia

buying tribute to the common strength Aussie

Buys

Facing Ruin

London, Nov. T.. Persistent rain has cost British farmers millions of pounds

Wooling this year and severely

Wools were

the

m.v. "FLINTSHIRE”

LEAVE U.K. Salled Belled

INTERMEDIATE SERVICE

4th Nov.

Mist Nov.

PRINCE LINE LTD

1.T. "JAVANEJE PRINCE** M.V." "BRITISH · PRINCE”~- m.v. "EASTERN PRINCE”

Salled

Dus H.K.

612 Nov. 20th Nov. 5th Doa 25th Dec.

0th Nov.

·Balls NY Balled

Salle 8.7.

Dye, I.K.

Salled

7th Nov.

18th Nov.

11th Dec.

....77th Oct.

revealth Nay g Dec. Both Doo RAST COAST, CANADA: "♣ USA via SUEZON

-m.v. "JAVANESE PRINCE"

Loads 7th November, for Balkan, Kobricfang, Djakarta, Singapore, Strait, Colombo, Halifax, ostan and New York. Cargo for Et John (N. B.) Montreal and Bermuda with transity- ment at Eixlfax or ́ New York.

All the above subject to alteration without notice, All inbending Pamenters should register · their names ka tar ki poutkle ta pdvance of the time at which they wish to leave,

PACIFIC TRANSPORT LINES

A DRIVALS FROM BAN-FRAN

R. "BONGKONG, TRANSPORT” ..

|** "PHILIPPINE TIÏANSPORT"

damaged what promised to be a Melbourne, Nov. 1. better-than-average harvest. Russia led the buying at the not yet been officially estimated.

For the second successive day

Although the exact loss has

Melbourne wool sales today.

farmers, many of whom are fac- Values closed fully firm oning financial ruin after a long fight to beat the weather, say Tuesday's strong rates.

that it will, amount to Crossbred

about most popular with Russian and 120,000 tons of wheat, corn and British operators.

whole families have worked "PACIFIC TRANSPORT Competition was fairly general from dawn to dusk in an effort A trade report said about

for most descriptions. 500,000 bales of cotton had left

There were strong markets at to get the harvest in but in Mexico of which about 300,000

Newcastle and Goulbura

many cases they have been able bales were needed for dome-

Frankfurt, Nov. 1.

to salvage very little. |prices were firm all around. stic use. The

A market opened

West German-Yugoslav

At Newcastle super-fine,verage results are said to be 22. HONGKONG TRANSPORT" credit agreement, Mermo brought up to 2222 only three Counties on the East 5 lower to 2 points higher but commodity

the worst for three years, with closed barely steady with net under which West Germany is changes & higher to 18 points to deliver $35 million worth of pre which was a record for coast able to c'aim 89 percent Newcastle cales. Associated of their expectations. Crops in commodities to Yugoslavia on fong-term credits, was signed

The

lower.

Credit Agreement

Press

prid

+ Cornwall, in the - extreme South West, were -57 per-

Prices closed today as fot- Herergreement was initiall-Rubber And Incent below earlier estimates.

lows: Spot December

March (1051)

May

July

October

December

|March (1952)

41.20 40.30-40,31 40.22

New Orleans market closing

rates:

Spot

December

March (1951)

May July October December March (1052)

39,90

39.42-30944

30.00

35.70

35.03 nominal

40.15

40.10-10.14 40.22-40.33 39.00 30.30-30.41

35.64 bid 33.37 bid United Pres

Wool Talks Disclosures

Clinberra, Nov, 1.

It was declosed today that e: the International Wool Study group conference in London, in pressing for international alloca-

VALLEM & CO., LTD.tion of wool, the United States

Agents,

engkong, &' Shanghai Hạnk Building

Tels. 88041-5..

HE EAST ASIATIC CO., LTD.

M.S. “ANNAM

Stu

NOW LOADING

"FOR"

ADEN,& PORT, SAID, GENOA," ANTWERP,

RDAM,” HAMBURG, OSLO, GOTHENBURG

& COPENHAGEN›-

AST"ASIATIC CO., LTD.

Informed the conference, that It needed an allocation because within a short time it had to

provide uniforma for 3,000,000 men: and to prepare to stock nilo of woollen clothing for {future 'defencę noods..

This was disclosed to the

House of

ed on September -20 and has approved by the Allied

been

Mechanical erop devere on the farms have been worked

to

High Commission. Dellyerles At New Highs In some places, cut

and

under the agreement will be made outside the trade agree-

ont of March 31, 1049, future annual agreements. Reuter,

hay and corn had

pur. through the machines five times before they were ready

to

Singapom, Nov. 1. Heavy overseas

demands me loss of wheat will cost pushp Malayan rubber and tin

prite to new record peaks to the country on additional £8

J

dot loose rubber cold million, in dollar imports from

in

the United States. Reuter. jumped to Straits :: $484.37 32.

Exchange Rates Singapors at Straits $2.20. Tin

tin price has been rising Rubber Advance

conalstently in the last 12 days.

A

Brain why done in the local tmnofficial · exchange. market mubug at the following ratee Sterling note (per 100

Ե

per plcul or 1/16 of a ton.

The

63

Indonesin gütiders (per 100) ««

3.80

2670

Singapore (8traits) **

172

PIC plasiros fner, 100)

Traders attributed "the boosts

in both rubber and in to con tinuing heavy foreign orders.—| 13.09 Associated Press.

U.S. Intransigeance

Over Tin Output

(FROM OUR OWN CORRESPONDENT)

London, Nov. 1.

United States opposition to the proposals

supplice

New York, Nov, 1. Rubber futures closed today 50 to 200. points higher with sales totalling 90 contracts. Earlier, spot rubber was quoted higher at 73 cents a pound. Tlomestic manufacturers were nctive bidders for immediate of actual rubber. The strength to the Singapore mar- kot fe remained the dominant in- Dealers: here under- stood that American factories, along with

Japanese, Chinese and Russian Interests, are bld- ding for supplies in the For Eastern markets,

Prices. Closed today as fol-

w

December

(1051)

July

placed before the delegates at the Geneva Tin Conference

rice may cause a breakdown of the talksary. within the next few days.

Advance

Rongresentatives by Although no detail of this are now studying are "opt to the Commerce Minister, Mr

proposals are available it is discussion" but curtainly not to John McEwen, who, returped

boligved

Bubandarichtel decodmenti they differ frotté the study gryp stantially from those contained ferenc

Mr McEwen and the urges the draft

Main tion for international allocation between the delegates

wool,

Including a proposed over the proposals concerning stockpile, was dropped at, the tion of a "huffer stock.

Tha study group The Americans are known to to anything

of

quantity of wool for the US

points of the differences control of output an

Slight In London Tin

London, Nov. 1. Fefour of tiny closed today at

1. the view that 10 be firmly det⠀ output, at the end of this offiplal morning i

chao had boom promated, for ine likely to tornational allocation and there this critical thing, was no suggellon for siberk They are maro concorned Hon of the quation, myslem, with the present shortago, hari

the possibilny

the Doll Bisbee Blif had rád

ocasion: as follow

Spot in, Ruyeru kanternete

spet sit, ellern

Tusiness dan at

900

1 06.25 Did 60,00 bid $2,71** 30.00 United 'Prose,

S'PORE RUBBER

Singapore, Nov.) 1. Prices in the rubber futuros market for clond today as

No. 1 rubber," (per lb.)...

November

Mumber 1 rubber, De

comber - Mimber:

rubber, January. (1981). Number 2 rubber.. Nõ

· Ventber

Sthree months 1in) kuipers. nem ve Mumber: # rabber Three-months tin, pallers

vember Pa pão, Naphers 4-rubbery Nos.

wamber in

204-200

193 -19;.

·BALL IT!

13th Oct, 11th Now.

20th O. 8th Dec

6th Dec. Oth JAD.

TO "TAKUDAR, NAGOYAJ

SHIMIZU, YOKOHAMA,

BU .K. Ddé 8.7. SOL Nov. 18th Des TAKUHAN, KOBE, 'NAGOYA,

BIZIMEDZU, YOKOHAMA,

HONOLULU DIURANA

Balte 1.K. Das 8.7. 8th Dec. 3rd Jan.

LL "PACIFIC TRANSPORT"

Through hills of lading Issued to say Port in North America & to Soular ́ ́Ameridad” Pórta.

JARDINE MATHESON

18 PEDDER STRIET,

CO., LTD

TRAPHONE : FUN 2.5

BEN LINE

STUP

"BENMAUDHUI "BENALDET” "BENAVON!". "DENVENUE" "BENLAWERS""

"RENMHOR” "RENATIOW” "BENRENNES" "HENCRUACHAN”

“DENATTOW”

"DĦNALDER” BENVENDE

"BENMACDHUI", NZW CE

"TENBINNES":

ΕΝΑΤΟΥ "DENLAWERS”ES

ARRIVAL.8

FROM

In Port

11th Now

1st Dec.

1th Dbg!

· 1st Jan, **

12th Jan

17th Jan

25th Jan,

V.K. via Bingapore

do

do

do

do

do

đó

FAILING S

Leading on er abt.

(London, Antwerp,

Rotterdam

Slot Jan,

18th Nov. 17th Doo

(London

Antwerp; Rotterdam, Hamburg

& mul.

London

Rotterdam

Liverpool,

Dublin,

"DENCREACHAN" | Antwerp,

LOXLEY

Antwerp

20th Jan

Nov.

“HIM Dos,

NAT LTD.