1950-11-15 — Page 11

THE CHINA MAIL, WEDNESDAY, NOVEMBER 15, 1950.

Afternoon Future Of The

Area JARDINE, MATHESON & CO.,LTD.

Sterling A

R.PL Rally Ont Is In The Balance: Bumper Share

ROYAL

INTEROCEAN LINES

SINGAPORE, JAVA

PORTS and

MACASSAR

*THSADANE" **TARMAN" •

*TJITJALENGKA”

"VAN HEUTSZ" "

**TJISADANE”

ARRIVALS

In Port 16th Nov.

22nd Noy.

7th Doo.

.21st Dec,

SAILINGS

24th Nov.

int Dec. 100

Doo, 17th Dec.

zith Dea

* Only to Singapore, Penang & B. Dell,

MANILA, EAST &

SOUTH AFRICA and

SOUTH-AMERICA

**TEGELDERC”

"TJIKAMPEI"

"KEYS"

• JAPAN

"TEGELBERG”

"TJIKAMFER""

"EUXS"

SAILINGS

ARRIVALS

10th Nov, 13th Dec.

ARRIVALS

SAILINGS

19th Nov. Sih Dec,

4th Jan. '51

17th Nov. 20th Dec

Wall St.

New York, Nov. 14.

An afternoon.rally prop- ped a sagging stock market today.

Final prices showed thorough mixture of small gains and losses.

The question of taxes is not the only one which is plaguing Investors and speculators there daya

The Korean situation still contains a lot of dynamite from

Agents: HOLLAND EAST ASIA LINE se did better than average.

O EUROPE via MANILA

and MALAYA

"LANGLEESCOT"

"MARIEKERK”.........

Through

B/L

formed

ARRIVALS

. 22nd Nov,

SAILINGS

10th Dec,

Mid Dec.

to

Mediterrancan and Northern

European Porta

⚫ JAPAN

"LANGLEESCOT"

“MARIEKERK”

ARRIVALS

8th Dec,

American

Criticism Of Wool Crop Goes To West

FROM OUR CORRESPONDENT

London, Oct. 14.

Are the days of the sterling area numbered? This is the question that is being asked following a report of the International Monetary Fund to the Torquay conference on tariffs and trade.

The report said that Britain, Australia, New Zealand and Ceylon should begin progressive re- laxation of dollar import restrictions,

sam

M

United Мапи

bul-

The

HONGKONG

SHARE

MARKET

20th Nov.

a market vlowpoint. The prob-

American business opinion is 7th Dec. lem created by charges of Com

up

the by 10th Jan '61munist Chinese Intervention in summed

of North Korea

can be solved in States Association several ways, some of them facturers in their weekly highly unpleasant.

letin. This says, "Britain may Steel shares, which with autos soon have to face the alter-, were under most pressure in the native of relaxing sterling area the trado discriminations against were morning,

the tra among

ot least leaders to the recovery. Rails United States or lose

tempora

more EC (Mar- shall) Gains ranged to around US$1

And the New York Times a share. The advance was 'for

оп the Torquay

The turnover on the Stock from conclusive, however. Many commenting

iro of

Exchange this morning was issues stayed in the minus Conference says, "The future column or remained at yester- the sterling area la once again $231,020. The morning's business much in the balance. very muc 10th Jan. 51 day's final levels.

of internal straits, follows:

trand, noon closing rates were us of commitments un- Among the gainers were U.S.

SITARES BUYERS SELLERS SALES Steel, Bethlehem Steel, Armeo, der International agreements BANKS

HK Bank. 1310 1350 Republic Steel, U.S. Rubber, and, the renewed United States

for modifications of INSURANCES Zenith Radio, American Smelt pressure ing, Du Poat, Eastman Kodak, essential features of the sterling General Electric, Southern Rail- monetary policy have hit Britain way, Southern Pacific, Texas all at the same time".

Gult

Britain's Oll, and U.S.

put Caso -Ls Company, Gypsum,

neatly by the Financial Editor Hanging back were Goodrich, of the Manchester Guardian. He refusal Caterpillar Tractor, Unlied Air-says that the obstinate

the Can, Interna- of the American

IMF to

10 recognise

rnis- tional Paper, and Johns Men sterling area "encourges

the American based on

the public 229.82 basic national inability to

SAILINGS

8th Jan. '51

25th Nov. Mid Dea

REKINOS BUTE

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, vis BAN FRANCISCO, LOS ANGELES AND PANAMA

M.S.

NEXT SAILINGS

"TENTO"

M.S. "PETER MAERSK"

M.S. "LEXA MAERSK”

In Port

Nov. 16 Dec. 4

TANKS OF ALL SIZES AVAILABLE FOR BULK OIL

ARRIVALS FROM. U.S.A.

MS. "SALLY MAERSK”

M.S. "ELLEN MAERSK”

M.S. "MARCHEM MAERSK”

Nov. 18 Nov. 24

Nov. 30

For Freights and Further Particulars please apply to:--

AGENTS:

JEBSEN & CO.

Pedder Building

AMERICAN PRESIDENT LINES

The Global Fleet

ST. GEORGE'S BLDG,

CIRCL

ville.

Dow Jones Averages;

15 Rails

10 Utilities

-Associated Press.

20 Industrials

of

concwhich ar

very

68.11 stand that the world in under-

40.80

THROWING DUST

258

Canton Indor Underwriters 3.20 DOCKS, ETC.

N. PL. Wharf Bli Dock ....... 1411

G

151330 10 1330

1000 3.20

Bhai Dock 234034 500 ‹ 3% LAND, ETC.

HK Hotel HK Land Shat Land UTILITIES

TYWNY -

7 $

1.10 15

Star Ferry

13% 1322 500 @ 13.20 219 1823 1000 77 13.35 78 E 100 OF 80. C. Light (0) 143, 1474 500 ve 1455

Sydney, Nov. 14. Australian wool shipped to

nussia and Soviet bloc countries during July and August W

only a fraction of what want to Western Europe and the United

States.

Britain got 30 per cent of the

of

wool that left Australia during troue two montha-29,253,000 16.154,000 pounds. balanco 17,730,000 pounds Went 12,800.000 pounds to Belgium,

3.620,000

to France and 11.113,000 pounds to the United States.

Rusia 1 receivod pounds, Poland got 2,054,000, Hungary Rot 220.000 and Czecho- slovakia 01,000 pounds,

000

Other exports included 6,519,-

pounds to Italy and 4,742~ 000 pounds to Japan.

The figures are Government statistics issued at Canberra.c Associated Press.

Agreement On Stabilisation Of Tin

Geneva, Nov. 14, The UN Tin Conference, after hos three weeks of discussion, reached virtual agreement on establishment of a buffer the 75 14 slock arrangement to stabilise 1500 14% 1 prices in the tin trade;" is "really absurd"

014

The Conference was called by in-

00024% the Fund to pick out of

1000 20% the UN to give leading dividual countries of the sterling

and producers

consumers an and disregard their area

out In- INDUSTRIALS 2015

BD with

000144 opportunity to work .... 1412 timate interrelation

1400 14 agreement to regulate the mar

300 14% ket and provent wide price

Auctuations,

He says

Strong Toneest of the group.

In Chicago Grains

Chicago, Nov. 14.

the

C. Light (N) Cencat Telephone

Cement

143

Rope

the on earth does

for Fund mean,

instance, by the solemn statement that Aus- tralia would be able to relax controls against dollar imports if her sterling balances were made convertible?” he asks

This is throwing dust in the eyes of the jury. The people! who wrote the report knew per-

10 1000 141 STORES, ETC.

Dairy (0.13% 1431⁄2 400 U

2100 1219 Dairy (N) Lane Crawford 24%

Watup

COTTONS

Ewo

212 2.05

15

FREIGHT AND PASSAGE DEPARTMENTS-

10 Pedder Street, Tel. 10311.

INDO-CHINA S.N. CO., LTD.

..."ZBANO"

SAILINGS TO

4 ̈Çalqutia......¡

Stroffe

BEHINDUSTANG Japan? Ad

"WINGBANG". Keslung,

EB. "TAKSANG": s.s. "HANGBANG" ILL "CHUNSANG"

a... HINDUSTAN" ... "WINGBANG" B.S. "TAKBANG" ... "EASTERN

Tientsin ...

1. Jessoiton & Bandakan

Sandakan (Direct)

ARRIVALS FROM

Otralto, ..Calcutta,

Bangkok & Salpon .Koolunt

.. Tiantain

QUEEN" ....Calcutta & Straits

p.m., 16th Nov. TELM NÓV.

19th Nov. -22nd- Nov. 22nd Nov.

22nd Nov.

a. 18th Nov.

8.m. 15th Nov. 4 p.m. 17th Nov. 21st Nov.

Cargo accepted on through Bill of Lading for MADRAB2& PONDICHERRY via Singapore and fór KŪDAT, JESSELTON, LABUAN TAWAU, LAHAD DATU AV-SEMPORNA' Bandakan

AUSTRALIA China Line LTD.

"BALUCHISTAN"

BAILINGS TO

v

Yokohama, Yokkaichi, Nagoyà: & Kobe 22nd Nov *. "EASTERN GLORY"

Brisbane, Bydney, Melbourneƒ & Adalalde”..... fat Déct *m.v. "KAFIRISTAN"

Lao, Brisbandy Sydney, Melbourne & Adelaide 12th Dec.

ARRIVALS' FROM

EL "BALUCHISTAN”

Australian Ports via Balgon

"EASTERN GLORY”

- Australian Ports via Japan

20th Nov.

''29th Nov

*Carge accepted on through Dills of Lading to Tasmania, New Zealand and Pacifio Taland Ports...

GLEN LINE LTD.

SCHEDULED SAILINGS TO UK. AND CONTINENT

m.v. "GLENORCHY"

Loads 18th November, sails, 21st November, for Straits, Colombo, Aden, Buez, Port Balu, Genoa, Naples Lon

Hamburg, don,

Rotterdam/Amsterdam, Dua London Jet January.

m.v. "OLENARTNEY":

Antworßla

Loads 4th December, calls. 7th December for· Straits. Colombo, Aden, Suez, Port Bald, Tangler, Casablancas- London, Antwerp, Rotterdam/Amsterdam, Hamburg Due London, 14th January.

(Carriers option to proceed via othar ports to load/discharge bargöy, SCHEDULED ARRIVALS FROM LONDON.

Leave London

Due H.K.

m.v. "BRECONSHIRE"

Balled

28th Nov.

m.v. "GLENEARN"

m.v. "GLENGARRY"

4th 21

Nov. Nov.

8th Poo

25th Dec.

INTERMEDIATE SERVICE

7

Gallod

Representatives of 32 nations are attending the Conference.

The U., 5., world's largest

of tin consumer

originally op- posed the Conference at this

the

m.v. "FLINTSHIRE" ground. that un time on agreement would be premature. Was understood, however, delegation bas

Grain futures prices develop fectly, well that the cessation of New York Trade an active part in

in

لله

the

PRINCE LINE LTD.

ARRIVALS FROM U.8, ATLANTIC & PACIFIC PORTH:

It

that the

negotiations and has submitted proposals containing its point of view. Associated Press.

Now York, Nov. 14.. Japanese bonds were mixed

m.v.. "BRITISH, PRINCE" m.v. "EASTERN PRINCE",

In Jap Bonds

dollar transfers from raw ma- serial producing countries of the sterling area to the central 're- serve would reopen the gaping hola in the dollar position of the in foreign dollar trading today NOTICE TO CONSIGNEES United Kingdom.

ed a strong tone after the open ing,

which

grains. fluctuated. Irregularly. Soybeans led the general advance. Soy beans climbed to new seasonal high levels and at one time- were 5-cents a bushel over "Why do they have to play,Thirteen tesues were admitted the New York [loading on the previous, close. The initial the political game of trying to stock exchange, yesterday for "first time, since Pearl Har- cora price was slightly lower, bust the sterling area? Alter Reports circulated that prospec. all, the chict value of expert

The tive shipments

Japanese Great Consoli- to evidence such as the fund's tea! Poly Yugoslavia, will exceed 15,000,- port to the Torquay Conference dated Electric Power 6s of 50,

iles in educating opinion." The in which there were no exber, 16 and 11, 1940, and consignees 'are' requested to have their ro- .000 pounds.

wells of wisdom should be kept changes-

yesterday, sold at 43, presentatives present during the t scrupulously pure."

down 41% points from the last survey.

1941. The sale in December, Great Consolidated 7s dropped

of flour

sung LET

Wheat futures closed 2-3 to

higher, corn .3-

changed to higher, oats lower and soybeans 2-4 10 4- higher.

Prices closed today ነዛ follows:-

Wheat-prices per bushel

2.2376 2.20-2.201 2.3%}.

1.43 1.83-1.63 1.40%- 1.0014

Tel. Nos. 26661-8. ·

.Apot

May (1951)

TOTAL

Spot

tember

·March (1051)

Ryo

December

1}

PHONE 28172/5. -

Osta

December

}

TO, HONOLULÙ AND SAN FRANCISCO Yis, JAPAN

"PRESIDÉNT CLEVELAND” “PRESIDENT WILSONTM

Arr: Nov. 27

Arr. Dec. I#

-Bažs Nov. 23 Sale Dec. 10

TO BAN-FRANCISCO AND LOS ANGELES via JAPAN

“PËESIDENT MADISON” · ·

Art, Noy. 24

Klis Nov, 2

TO NEW YORK, BALTIMORE” AND BOSTON -*

- via PACIFIC COAST AND. PANAMA

"DADTHOUTIĆ“ VICTORY” .................Kr. Dec.

'ROUND-THE-WORLD

··Batia Dec. 15

Via Manila, Singapore, Colombo, Cochin, Bombay, Karachi, Snez, Port Said, Alexandria, Kaples, Marseilles, Genoa, New York and Boston.

"PRESIDENT JOHNSON"

ven. Art. Nov. 24

Bails Nov. 25

BEN LINE STEAMERS LTD.

FAST SERVICE TO UNITED KINGDOM AND CONTINENT

BY

S.S. “BENALDER”

LOADING HONGKONG 16/18th NOVEMBER

FOR LONDON, ANTWERP, ROTTERDAM, HAMBURG, AND HULL

VIA MANILA, CEBU, JESSELTON, LADUAN, 'STRAITS,

"CULOŽBO, ADEN, PORT BUDAN & PORT SAID.

W. R. LOXLEY & CO., (CHINA) LTD.

Tel: 34165 & 38710.

1.511-74

1.003

353% - 3% New York Flour-per 200 lb. sack.

$12.40.

---United Press.

Irregularity In Cotton

New York; Nov. 14.

Cotten fixtures were irregular in slow dealings today. Follow ing instid gains on mili buying, the market sagged about US$1 a bala on bedre selling and Short covering

tarting

a sleadier tone in late

London Attack

On Rubber Duty Increase

on

20 points at 44 and the Ujiga-

M.V., "AENEAS" Damaged cargo ex this vertel will bo surveyed at, Hali's, Wharg. be-

tween 10 m, and noop on Novem

BUTTERFIELD # #WIRE, Agents.

wa. Electric Power 7s were down Hong Kong, November, 15, 1950.

| 10% at 50-Associated Press.

New Process For NOTICE TO CONSIGNEES

Synthetic

Washington, Nov. 14.

It was disclosed today, that

CONSIGNEES PER DERBER LINE

MJ. "TUDOR”

the General Tyre and Rubber | are hereby notified that their cargo

the Wharf's terms and condition ur storage, and where delivery may be

Damaged packages are to be left" In the godowns for examinations by Consignees and the Company's sur veyors Besars Goddard 2 Dougar at 10 am on the 15th November,

-London, Nov. 14, Increased

duty export rubber will play into the hands Company of Akron, Ohio, had is being discharged into the Hong

Kong Kowloon WhẨM de Go Informed

Reconstruction down Co's godowa where it will of the Communists by breeding large-scale smuggling and cormance Corporation that it had be at consignees risk and subject to ruption among minor officials, developed a process to increase sald a memorandum published synthetic rubber production by stage, a

by the Rubber Growers 22 per cent. A spokesman said today

the RFC tion in London.

the proposal under claimed that the

new/comi

The company cialized it could duty is stopped up to eight

increase times the amount of the old, and

tho production of they estimated that it will pro- General purpose synthetic rub dure in 1951 over $400,000,000 ber with the sime equipment "the rate of yield sufficient to od zime, materials it Prodent redeem the national debt in in use and added that It Loped to do better than 23 per cent. Malaya in nine or 10 months

The growers also objected to later onUnited Press. the fact that the duty variation a Gazette was introduced by notification, thereby bypassing the Federal Legislative Council.

United Press.

London Stocks

•

To comply with the * Genera). Bonded Warehouse Regulations, consignees must have a Revenue Oncer in attendance when dam- egod duliable goods are mermined.

TEXTILE MARKET down all goods, remaining

No claims will be admitted after the googą lave left the steamer's

||undellavity after, the; 18th. Moveme

ber, 1950 will be subject to rent. on New York, Nov, 14,

All claims against the steamer The cotton textile market was must be presented to the Under- steady today:

on or before Buying inquiry stened

the 23rd was roure active, prompted by November, 1830 or they will not be the recent firmness in cation recognised.

*No Fire

" will be Insurance prices and nows that the, artry

urging mills to speed up do effected. livery of goods against govern-

DODFALL A GO, LID ment contract market was Hong Kong, lets Nov. 1930

· The wool · gövde steady.

The Air Force Jued London, Nov. 14.

100,000 The London Stock Exchange Invitations for bids on suo nominal closed Ami today. Some South Furyle of the serge cloth, its were generally quic 435 sua Africha Mining'sharez gained a goods

Futures closed 85 cents bale lawer to 15 colis hither. December

March

May

July

October

December

March

windang Spot

1.01-02

ALAI-CE

41.10

30.85

Close Firm

ja

In New Orleans, cotton shilling or more and industrials Associated Press

tutuits cloved 55 centa US$1,25 bale lower,

December

March

May

July

41-50-03 4149

30.50-bad

to edged up fractions,

Government bonds added NY Rubber Futures | 1/10th to % of a point. Japanção bonds were in demand and closed to more than a polut higher,

NOTICE TO CONSIGNEES

CONSTONESS | PEERS

· Australia+West · Facts Lähes

New York, Nov. 14.

are hereby notified that their cargo Prices" In the rubber futures fa being, diwhargut, into the long market here closed today song Kowloon Wharf & „Üộ- down Co's godowa: where it will” be et emifignces, risk "and subject to the Whart's toyins and condsiton st rtorgan, and, whern delivery, may be obtained.

October

Spot colton was unchanged. The Financial Times daily gallo Madaling UM 42.00

index was 117.7, ‚up #2—Auto- Bpot maßsociated Presciated Press,

December January

Pacific Far East Live, Inc.

Fast Regular Trans-Pacific Service

BAN FRANCISCO, LOS ANGELES

*OVERLAND

NEW YORK-CHICÃO O DETROIT-TORONTO 'MONTREAL, AND ALL AMERICAN & CANADIAN CITIES

4firex

dan, Timpiado

· Cargo: Arrivina_by

Aflying boudy Ban

Movie 17 -

Bombas

For

Sugar Prices Lower

New York, Nov. 14. Domestic sugar futures No.0 closed four to five lower. *.. March

4.42 bid

World викат futures No.4 loood two lower. March

4.94

0.30

March

(1991)

03.00 traded _55.50 - 30,73

traded 47.0 --Egifted FrtED./

Exchange Rates

Dankgod packarte' aké to be. Jeft in the godowns for examination by Consignoce and the Company's mu-

Moss 7. Carilohael Veyork Clarke at 10 0.111, on E

13th November, 19092010

78, comply...._with the "General Bordad Warehouse Slegislatione, COOMSTICS DUET, HAYRA Beraue offer in attendance.whom dan (@gest dullápie" goida, are gjumined.

No claims will be adm

admitted after "the" gode åra, left the ASEMAJESTE Parochine and Wall: goude: TERMINIA | Forks unden verad pster she:1004) Niwanan

ber, 1800 will do, subject MERAS

Bueless was done, in the local úfiométal

"market, this excliigigu. morning at the loldwtog! TATESA

MAY Fuly

Naw - Sughr "kgot

[FIC platred: (200

Wool Sales Records

12301) All claims Brainer, she ripper

mini, be, presented in the @ Undan

únor petury." The Novembery: 1000 uz tisey will A

Ballo NY: Sails 8.F.

Salled | 18th Nov, 121)); 14th Nov. 3rd: Deal 30th

EAST COAST, CANADA & USA, via SUEZ

M.v. "BRITISH PRINCE"

Loads 12th Dec, for Japan, Philippines, Java, pore, Straits, Colombo, Halifax, Boston and New Vessel may call at Saigon and Slam. ¡Cargo Yar/@1:JONIT (IV; B.) Montreal and Dormuda "with

shipment: as; Halifax or New York."

All the above subject to alteration without notice All Intending Pasiengpra should register, their names as far as possible, in advance of the time at which they wish to tesver

PACIFIC TRANSPORT LINES

ARRIVALS FROM SAN FRANCISCO

GKONG THÂNSPORT" CIPIETRANSPORT MERICA TRANSPOR

PHILIPPINE-TRANSPO

eális 0.F.

Belind fith, Nov. Thin Nov

Wgth Doo.

.000 4.K. *20th Nov.

th, Dec. 20th/Doo. Eth Jan,

TO TAKUBAR, NAGOYA,

·SHIMIDE. YOKOHAMA

"HONGKONG TRANSPORTA

·Duà, H,IG

20th Nov. 15th Ded. TAKUBAR, KOBE, NÁGOYA, SHIMIDZU, YOKOHAMA,.

HONOLULU & USA. Men Balle M.K.. Due 8.P.

Srd Jan

KÓIFIC - TRANSPORT 8th Dec..

Through Billä or fading lessed to ahy Poř£ in North America & to South Amigan Forts

JARDINE, MATHESON & CO. LTD. 80811 18 Pedder Street

STEAMSHIPAL CORPORATION

MOGILE ALA USA WATERMAN LINE. EXPRESS

FREICHT SERVICE EA

FROM US ATLANTIC COAST. VIA JAPAN

** "ANDREW JACKSON": Die about.. 165 Nov. 1984 6.2. "ALAWATI

DIRECT FOR

NEW YORK, DALTIMORE = THILADELPHIA

SILVIA JAPAN & HONOLULU

KA:"ANDREW JACKSONENEN BAD: EA "ALAWAT":

17th: Nov, 1966

ALSO ACCEPTING TRANSHIPMENT CARGO FOR

WALLEM

CO., LTD.