1950-11-21 — Page 11

B.I.L R.

OYAL

INTEROCEAN

SINGAPORE, JAVÁ

PORTS and MACASSAR

ISADANE”

SMAN".

TTJALENGKA”

AN HEUTSZ"

BIBADANE"

MANILA, EAST &

LINES

ARRIVALS

Port In Port

.23rd Nov.

+

In

7th Doo.

.21st Dec.

SAILINGS

24th Nov. 1st Deo.

10th Dec, 17th Deo.

26th Dec.

• Only to Singapore, Penang & B. Dell,

|SOUTH AFRICA and

SOUTH AMERICA

IPONDOK 'IKAMPEK”

JYS

..

DISSEVAIN"

JAPAN

\IKAMPEK”

PONDOK"

ES"

ISSEVAIN"

ARRIVALS

7th Dec,

15th Dec. 18th Jan, '11

ARRIVALS

5th Dec.

4th Jan, '1 5th Mar, '51

SAILINGS

7th Dec. 10th Jan. '52 7th Mar, '61

SAILINGS

10th Dec.

20th Dec.

23rd Jan. '1

gents: HOLLAND EAST ASIA LINE

EUROPE via MANILA

and MALAYA

ANGLEESCOT""

JARIEKERK"

Through B#/L

ARRIVALS

.26th Nov. ...Mid Deo.

Issued

to

*Mediterranean and Northern

European Ports.

JAPAN

NGLEESCOT"

·RIEKERK"

-EKINGSZIGDDING ET

ARRIVALS

14th Dec,

SAILINGS

15th Dec, 10th Jan. '51

SAILINGS

8th Jan, '51

25th Nov. Msa Dec.

MAERSK LINE

"ཥ- ་,”

FAST FOETNIGHTLY SERVICE TO:

3W YORK, BOSTON, BALTIMORE & PIIILADELPHIA, vis

SAN FRANCISCO, LOS ANGELES AND PANAMA

NEXT SAILINGS

M.S.- "LEXA MAERSK”

M.S.SALLY MAERSK"

AZIEN, MAERSK".

Dec. Dec. 17 Jan. 1

4

NKS OF ALL SIZES AVAILABLE FOR BULK On

ARRIVALS FROM U.S.A.

4.S SALLY MAERSK”

M.S. ELLEN MAERSK”

MS

Nov. 22

Nov. 24

MARCHEN MAERSK” ....... Nov. 80

THE CHINA MAIL, TUESDAY," NOVEMBER 21, ABOU

Prices Waver On New York Stock Market

New York, Nov. 20.

Stock prices wavered indecisively between the gain and loss columns today.

A handful of key issues tacked on small gains- at the opening, and held this advantage through the session. Numerous others, however, kept see- sawing all day.

7

Trading was active, with shares changing hands at the rate of about 2,300,000 shares for the full session.

LONDON MARKET IS FIRM

London, Nov. 20. The stock market closed mostly firm today after limited activity.

British government bonds were up as much as a quarter „point and many industrials also

Todstored suctional ging,

Oil, tin, copper and mining shares generally weakened.

Dealings reopened the shares the Matador Land and

In

Automotive stocks in particu- lur tended toward softness. Chemical Issues looked

strong running

05

as any group, with Dow up three dollars a a share near the close. steel issues held early Some

Solar

Cars JARDINE, MATHESON & CO.,LTD

Competitive Fewer Cars Wool Sales For Britons

Bydney, November 29,

·Coerpettitan. Man ser út the Melbourne' wool sales today and the market was fully firm on rates at other Australian introllons/· Eas

• week.

Comeback fleece realised

to 203 (Australian) pence & pound.

up

Perth priots were five to 10 per cent, higher than at the October suctions.

There

word 110 fancy priocs at the 8ydney sales and in some cases prises were a little under thoad at the last duotions. Merino. wools, however, remained firm and comebacks crossbreds were definitely In the seller's favour.-A%= sociated Press.

New York Cotton

Is Forecast

ONE EFFECT OF REARMAMENT

PREIGHT AND "PASSAGE. DEPARTMENTS

10 Pedder #trest, Tel. 30311.

INDO-CHINA »S:N. CO., LTD:

4. “HANGBANG"

"CHUNBANG”

4.6. "TAKBANG" *J. “EASTERN

QUEENZA, NA

8. "WOBANG"... *.*. "WINGBANG”.

4.1. "CASTERN

QUEEN"

KA "WINGSANG"

*. "PRONTO"

of

LAILINGS TO

Jesssiton & Bandakan Bandakan (Direct)

-Japan

23rd Nov.

23rd Nov,

Tientsin

24th Nov.

26th Nov.

Straits, Rangoon &

Chiculta

27th Nov.

Koolung

28th Nov.

ARRIVALO FROM

Calcutta & Straits,

Koolung

Tlontein

22nd Nov,

25th Nov,

2nd Dec.

Cargo accepted on through Bill of Lading for: MADRAS & PONDICHERRY via Bingapore and for KŪDAT, JESSELTON, - LADUAN, TAWAU, LAHADDATU 4- SEMPORNA Sandakan.

Mr Codrie Blaker, chairman of Messra Gilmin & Company, Hongkong, was, among questa representing nearly 30 different countries who were welcomed by Mr Sydney S. Gay, at an "export dinner" "given by his

ใน company

London during the Commercial Motor Show.

The

effect probablo Britain's rearmament pro- grammno was mentioned by Mr Guy. He said, "I fool we are bound to be affected by the rearmament programme," and indeed contracts are already under discussion As generally there is no surplus et materials or labour in this country it recis evident that any pro- duction of Government supplies can only be obtained at the expense of the civilian output.

"Naturally, it will take time "m.v. to get new productions under way, and our own output of venicies is

not likely, to be affected before about the middle of next year. For this reason. New York, Nov. 20.

I do most strongly suggest that Cotton futures settled you study your requirements back in mid-session after of vehicles and spares, where Baltimore & Ohio Common zooming as much as $2 a possible, a year or two ahead and Preferred got a big lift out bale, only to come back menta co that it possible they and let us know your require- of the dividend declaration of US$4 on the four per cent non- and finished strong. Near- can be delivered during the first speculative preferred for 1950. by

surged half of 1951. Even if this policy Last year was one dollar. Short-slightly above 44 cents a does necessitate carrying a cer ly after midday the sale was

though Republic backed one dollar a share.

There was nothing like a run away market at any time either on the advance or when prices started slipping.

Steels and Rails stood out on the rise, and rails showed com- paratively greater weakness on the turn around.

BIGGER DIVIDEND

Market

December

tein amount of increased stocks

Cattle Company, which operates ported of 22,000 shares of the pound. This topped the for the time being. I feel you

a large ranch in the Texas Panhandle.

The par lve shil- lings shares which had been climbing steadily until dealings were halted last week at the request of the Company head,

MW.D. MacDougall, pin

another 38 shillings and pence, closing at US$8. Reports that oll has been discovered near

Can, Southern

would be well repaid,"

the

the Matador ranch were credit- fern Air Lines, and Johns Man-again met an unexpectedly small and be prepared to replace the

ed with causing the rush for

shares.

Mr MacDougall asked the stock exchange not to reopen trading in the shares until Thursday, but brokers declined to agree.

yčárs..

AUSTRALIA CHINA LINE LTD.

"BALUCHISTAN"

BAILINGS TO

Yokohama, Yokkaichi, Nagbya A. Keba;

*LL "BASTERN GLORY"

17

Brisbane, Sydney, Melbourne, & Adelaide “KAFIRISTAN”

via

24 Nov.

at Doo...

Lao, Briebane, Sydney, Melbourne & Adelaide 12th Doc.

ARRIVALS FROM

6. "BALUCHISTAN"

Australian Poris via Salgon

... "EASTERN GLORY"

Australian Ports via Japan

23nd Nov.

29th Nov.

Cargo accepted on through Bill of Lading to Tasmania, New'. Zotland and Pacific Island Ports.

GLEN LINE LTD.

· SCHEDULED BAILINGS TO UK, AND CONTINENT m.v. "GLENORCHÝ":

Loading Now At Kowtoon. Wharf, spils 21st November, for Straits, Colombo, Adem Suez, Port Said. Genoa, Naples, London, Rotterdam/Amsterdam,

Hamburg, Antwerp. Dua London 1st January. m.v. "GLENARTNEY"

Loads 4th December, salts 7th Decamber for Straits, Colombo, Adon, Buez, Port Said; Tangler, Casablanca, London, Antwerp. Rotterdam/Amsterdam, Hamburg Due London, 14th January,* p** (Carriers option to proceed via other ports to load/discharge cargo> SCHEDULED ARRIVALS FROM LONDON

preferred at US$39, up US$4.50. previous high by 1/4 cent Higher were Youngstown EL pound and ́established

น

PRODUCTION METHODS Sheet & Tube, Studebaker, the highest price over the S. Rubber, Douglas Aircraft, Radio Corporation. Kennecott recorded in 80-year history two ways of building dommer-

Mr Guy, declared: There are! Copper, American "Smelting, In- on New York cotton Ex. visl vehicles; one by tornational Nickel, American change.

mass-produced methods in Cyanamid, Du Pont, Union Car-

which standardation, is essen- A broadscale buying by domestial and one has to adopt a bide, American

Vacuum, Eas-is mills and foreign interests rather take it or leave-it polloy. Pacific, Secony

week-end accumulation of hedge vehicle after a few ville.

selling. A small crop and the General Motors prospective scarcity of desirable Lower were

"As it is impossible for any- one to design a vehicle Goodyear, Sears, Anaconda Cop per, Eastman Kodak, American grades by the Spring caused a certain capacity to meet all scramble for contructs at the

other operators, we adopt the opening and the close.

policy of endeavouring to

.... m.v.."RADNORSHIRE" neet Other background influences the requirements of the in- on the bull side included the dividual user and producing a inflationary sentiment plus vehicle for long life and low such government buying of textiles vehicles cost more along with the broadening civiwe know from experience it is is often the case that, there is, the cost ference in

Woollen and US. Gypsum.

Dow Jones Averages: 20 Industrials

The Financial Times' Index: 15 Railroads 110.2, up 0.1.---Associated Press. 10 Utilities

Grain Prices

Set-Back

Chicago, Nov, 20. Grains faltered toward the close on the Board of Trade.to- day after starting out with much vigor.

Late selling hilt ali cereals, although wheat and soy beans were most affected. They both sank below Saturday's final quotations. In the case of soy beans this represented a sub- stantial drop from the morning prices, when all deliveries made new seasonal highs.

Corn and Oats, aided by

or Freights and Further Particulars please apply to:- prospects of increased feeding in

AGENTS;

JEBSEN & CO.

dder Building

the Midwest as a result of cold weather, held

up better than

Wheat:

of, a

231.53 70.32 40.64

-Associated Press.

the anticipation of an increased running costs, arconey, but

lian demand for fabrics which is

HONGKONG boosting the rate of domestic anything from hd to 1d dit-

SHARE MARKET

mile, per

consumption of raw cotton.

and In view of the increased ex-|* if one takes the Zorner Bgures

mierge port allocations, domestic mills and assuming a became increasingly fearful over 40,000 a year (which is a very the supply outlook, especially ir common figure), it represents the international political tension difference of £83-6s-Bd

£160-133-4d per

vehicle por bo unrelieved. continued to

Prices closed today as fol- lower-4 Spot

Was

December

arch (1031)

May

July

October

December

March (1053)

May

The turnover on the Stock Exchange this morning valued at

$224,820. The half day's business and noon prices were as follows: BHAIRS BUYERS SELLERS SALES BANKS

34 1330 BK Bank

25 1330

INSURANCES

lion Underwriters DOCKS, ETC.

K. What

"

0

010 314

1000 @ 3.21.

9014 13

N. Pt. Wharf Bis

Dock

Provident

Shal Dock.

LAND, ETC.

HK Hotel

142 15 103 @ 1435

500 111

"We feel that our Lo ̈***** the

to

policy is

$4,98 - 44.50 eviden one, which is beat

4343-43.45 number 42.04

49.13

31.40. 35.99

39.70

36.47 bid -United Press.

· INQUIRY ON COTTON

New York, Nov. 20,

The widening Inquiry was re-

by the increasing of repeat orders we receive, and in spite of all the well Imown dificulties in the export market it is pleasing to record that nó less than eleven countries have taken, an in- treasing numberi of vehiclás from us during the past year:"

ported for the supplies of both PI gray and Bnished cotton goods.

A new record high for raw col-

Bank

344 3.10 1000 3.40 ton futures plus the anticipation Governor On

...755 ....44%

Bhai Land.

UTILITIES

Tram

Star Ferry

other cereals.

December

1.28

HK Land

March

2.33-

Tel. Nos. 28661-8.

May

2.3314

July

2.20%

Corn: $1.01 to $1.60%.

Osts: 054-15.

Kyn: $131.

November

January

March

May

July

AMERICAN PRESIDENT LINES

The Global Fleet

ST. GEORGE'S BLDG.

- TO HONOLULU AND SAN

*PRESIDENT:CLEVELAND” "PRESIDENT, WILSON"

PHONE 2817275.

FRANCISCO via JAPAN

Arr. Nov, 17 Baile Nov. 28

Arr. Dec. 18

Balls Dec. 10

¿TO SAN FRANCISCO, AND LOS ANGELES vis JAPAN

"PRESIDENT MADISON"

Arr. Nov, 27 Salis Nov. 28

TO NEW YORK, „BALTIMORE AND BOSTON ·

via PACIFIC COAST AND PANAMA

"DARTMOUTH VICTORY” ...........Ap. Dec. 9 Balls Dec. 10

ROUND-THE-WORLD

Via Manila, Singapore, Colombo, Coelis, Karachi, Saez, Port Said, Naples, Marseilles, Genoa, New York & Hoston, -PŘEŽIENT JOHNSON"

Balls Nov. 27

Arr. Nov. 26

Fly CANADIAN PACIFIC

TO NORTH AMERICA

THE SHORT NORTHERN

ROUTE DE

EVERY THURSDAY

from HONGKONG via TOKYO VANCOUVER

4-engined

rum EmpresSUS” urized, Roomy Comfort

"Leungaire". Chairs.

Speediest Route

Perfect Cuisine

Bilingual

Stewardesses

Canadian Pacific

Brusquet AIRLINES

Soybeans: 6 to 135 higher.

€2.95-$2.04%

2.9034-5

237-237

2017 -2.003% 2.00-1

Associated Press.

London Rubber

Market

London, Nov, 20. Rubber futures closed here today as follows: No. 1 rubber (in cents

Per lb.)

December

.....

January/Marci: (1951) .. April/June July/September

01-52

00% - 61%

55-6513

43-4014

1.40

of further government awards

and the tight supply situation Inflation Problem

by the Spring caused buyers

13 14 600 @ 1313 interest into the second quarter

C. Light (0) 14%

.

15 1000 or 14.75 1000 144 800 6 149P 200 g 14

C. Light (0) 0% 0.40. 200

500

of 1951-Unted Press.

*New York Sugar

500

9.00

B00

1.00

Electric

20 20.40 500 27.

1500 € 20

700 2014

Telephone INDUSTRIALS

Cement

ny

14

S

Market

Manila, Nov. 20, The Governor of the Central Bank of the Philippine,

M Miguel Cuaderno, returned to Manila today after three months In Europe and the United States on official missions, and said in- fiation was the chief economic problem he observed in the course of his trip.

*New York, Nov, 20.

Mr Cuaderno said: "The prins. World' sugar futures closed cipal economic problem I ob- today at 1 higher, with sales served in my travels is resurg- totalling 75 contracts. Contracting inflation generated by No. 8. closed today at 1 lower rearmament activities

of

Leave

London

Due H.K.

m.v. "DREGONGHIRE” m.v. "GLENEARN" m.v. "GLENGARRY!".

dailėd

28th Nov.

Balfed

8th Ded.

'alet Nov.

25th Nov.

Bih Dad!

10th Jan:

INTERMEDIATE, BERVICE

m.v. "FLINTSHIRE"

Balled

Deo;

PRINCE LINE LTD.

-ARRIVALS FROM U.S. ATLANTIC & PACIFIC_PORTS

m., "BRITISH PRINCE"

Balls N.Y. Balls 8.F. Dus H.K.

Balled 18th Nov. 12th Dob 14th Nav?;” 3rd Dac, 80th Deb,

m.v. "EASTERN PRINCE"

EAST COAST, CANADA & U.8.A, via SUEZ

M.V, "BRITISH "PRINCE"

Loads 12th Dec, for Japan, Philippines, Java, Dinga- ¦ pore, Straita,, Colombo, Halifax, Boston and New York. Veuel may call at Balgon and Glam.

m.y. "EASTERN PRINCE":

Loads 80th Deal; for Japan, Philippines, “Java, Salgon, and Glam - subject, to inducement, Biraits, Colombo.. Halifax, Boston' and··N'aw York

Cargo for St John (N. B.) Montreal and Bermuda with tran- shipment at Halifax or New York.

All the above subject to alteration without notice. Aff. Intending Passengers, should, cogieter, their hames as far as possibloh advance of the time at which they wish to leaves qui's" come"

PACIFIC TRANSPORT LINES

ARRIVALS FROM SAN FRANCISCO

"HONGKONG TRANSPORT"

TRANSPORT"

..:"AMERICA TRANSPORT!! ·

S.. "PACIFIC

the

the

4.3. "CHINA'

6. "PHILIPPINE

tries with which we are trading will surely have repercussions

Rope

14 10

to 1 higher, with sales totalling United States and other coun- STORES, ETC.

Dairy (0).. 14 1435 200 op 14 35 contracts. Prices closed tries.....Inflation in other coun-

600 6 14 1216 Dairy (N)

100 2215 today as follows: Crawford 245 EG

Contract No. COTTONG

January (1931) Ewo$** 314

March May July

41 nominal Burma's Rice Acrosspo United Press.

Washington. Nov, 20.

Exchange Rates

Business was

(world)

6.25

4.88-traded 430,itaded

4,03 traded

****

Contract No. 4.. January (1051)

The Agriculture Department March sald on Sunday, according to the May preliminary establishes, Burma's July done in the local rice acres in 1950-51, established Spo unofficial exchange market this 1,234,000 acres, of 201,000 acres morning at the following ratest- lers than in

18,20

the preceding Sterling note (per E).....

0,40 year. The standing of the rice 3.60 crops was reported generally in A good condition there--United 1235 Press)

U.S. dollars (per 31)

Indonesia gulders (per 100)

27.20

Biam ticoli (per 100) Singapore (Straits)

FIC plastres (per 100)

1.77

5.58. nominal 5.25 nominal 5.20-bid

4.29 bid..

- press.

In one form or another in our country, United Press.

London

Tin

London, Nov. 20, Prices of tin closed today at the end of the official morning ression as follows: (Turnovel |was 200 ton, including 5 tons

Lor spot.)

Shanghai Stock Spot in, buver

Exchange

The Peking Government has ordered the liquidation ot Shahghal's Chinese Stock Ex

tin seller Business done at Three-months tin, buyer req-months Un, weller Business dona st “Saltlement"

1.027

1.030

1,030

1,030 United Press.

Govt. Accused Of Meddling In change. A committee of ter NOTICE TO CONSIGNEES

Int'l Monetary Fund

London, Nov. 20,

has been appointed with orders

to complete the liquidation by the end of the year.

m/" "LISHOLT: This stock exotange, wind

Having, arrived Hongkong con limited company, halt owned by signees of cargo are hereby notified the Nationalist”Govéritmont' and that all goods have been landed and placed at their rate and . ex- The Daily Express (Conservative), today criticiseduniats are expected to reopen longkong and Kowloon Where and hall

privately, 1; The Comps into the godown of the the "meddling" of the International Monetary Fund, and the exchange on a now basis Godown Co, Ltd were delivery deplored the cost of the organisation to the taxpayers of next year, Britain and other countries.

After stating that the salary of its Belgian bead, M. Camille Gutt, was 9,500 a year tax thoo, the paper added: "M. Gutt

only highly

la riot, the

paid

A private exchange in Tièn tain is already' opérating.""

sense to do what best multa Foreign

Exchange Rates

"For most nations have good themselves, not the Fund, "Canada, rightly Freed

her dollar without. osking the tax-exempt: official of the Ardes, eqtantly rightly, refused Fund's prior permission. South Monetary Fund. That organisa-

Now York, Nòv, 20, tion mens up in malaries alone advice as to the price at whichh

stve élioraid stil sound of her own Closing" foreigi exclángé!!! noorly £500,000 a year, old

et Bull the Fund. "Who, supplies the money? You do. You and the tax with its meddling Roomily" nisetum. payers of other nations foolish and without conmlling Britain renco chough to pay something for at all-typonponly submittorier nothing

Torit Come Ilzenfo itsofandings'--shal BeTharoditorial added: "What/

· Ceriada

Britain

on

| the purpose on štite:finsangtalo kojeg smelt ketiamɛon ber idolfur trade, 162

may be obtained, as soon as the goods are landed

TRANSPORT

TRANSPORT"

Balle.BE!

Dus Kowloon Wharf pimiz

11th Nov

· 15th Nov,

Dua H.K

22nd-Nov. 8th Dec. 28th. Doc.

23rd Nov. - 24th Doo.

TO MANILA, CEBU, JAPAN A

.. "HONGKONG TRANSPORT"

9th Dec.

Toth Jan.

U.B.A.

Balls B.F.

Due H.K.

24th Nov.

13th Dec.

TO TAKUBAR, KOBE, NAGOYA, SHIMIDZN, YOKOHAMA,

HÓNOLULU & U.S.A,,

"PACIFIC TRANSPORT

זיו.

Balid TMH.K. WWW8th Dec.

Due 'B.F.TMTMTM 3rd Jan,

Through bills of lading lixued to any Port In North America to South American Ports

· JARDINE, MATHESON & CO. LTD.

18 Pedder Street

WATERMAN

I

Tel: 80811

STEAMSHIP CORPORATION

MOBILE ALA USA

WATERMAN LINE EXPRESS

FREIGHT SERVICE

No claăng will be admitted after FROM US. ATLANTIC COAST VIA JAPAN

the good, have, left, the godowna, AS HE ANARA, kdy for falme to attend he survey. 1. 1. “ALAWAI".

All broken, chafed and dameira #; 6. “LAFAYETTE? goods, bro to be left in the godown where they will reminined din the presence of Mlemer, Goddard, and „Dougija, onustus, Esih....... Noyammber,

1939, 45-19 ́RIK,

„Duo about

DIRECT-FORES

29th No. 1980

Sth Doc. 1950

NEW YORK, BALTIMORE & PHILADELPHIA (S. PARANDA, EN MUVIA JAPAN & HONOLULU,KS MARCH

To comply - with : the › General 23 Ref No: Bonded Warehouse" · Regulacions. “ALAWAP" "'boisalga clea* fruit -- have a Reventie

0915 11344. Coman, fourteen days of thell ships

Omo in attendance, when examins | ¤, E. "HAFAYETTE”

At Jpg damaged dutieblo - joode. chime,egakis, sbo, võrk must be pregled to the Underlid wil

RESTER Civat, zon. A stay, will hot? Del ra»

Baila Abon

20th Nov, 20

10th Deo, 1950.

ALSO ACCEPTING TRANSHIPMENT CARGO FOR

GULF FORTS,

'

CIA SAINS WALLEM & CO. LTD.

offer in no den krivurando will be effected.

gkong