1950-12-07 — Page 11

R.I.L.

ROYAL

INTEROCEAN

© SINGAPORE, JAVA

PORTS and MACASSAR

"TJTTJALENGKA“ *VAN BEUT8Z” • ~TJISADANE"

*TASMAN"

ARRIVALS

in Port 12th Dea.

.22nd Dec.

23rd Deo.

LINES

SAILINGS 10th Dec,

17th Dec.

26th Dec.

2nd Jat, '51

• Only to Singapore, Penang & B. Dell. not calling at Singapore,

• MANILA, EAST &

SOUTH AFRICA and

SOUTH AMERICA

"TJIPONDOK”

**TJIKAMPEK"

"RUYS"

"BOISBEVAIN"

• JAPAN

**TJIKAMPER”

"TJIPONDOK"

"RUYS"

"BOISSEVAIN"

ARRIVALS

12th Dec.

18th Dec. 19th Jan. '51

ARRIVALS

9th Deo.

6th Jan. 51

7th Mar. '51

SAILINGS

11th Dec.

8th Jan, '1 9th Mar. '51

SAILINGS

18th Dec. 22nd Deo,

21st Jan. 31

Agents: HOLLAND EAST ASIA LINE

• EUROPE via MANILA

and MALAYA

"LANGLEESCOT"

"MARIEKERK"

-MELISKERK*

ARRIVALS

18th Dec.

Mid Jan '5%

to

Through Bs/L, kned

Mediterranean and Northern

European Porta

• JAPAN

"LANGLEESCOT"

"MARIEKERK”

"MELISKERK"

ARRIVALS

22nd Dec.

7th Jan. '51

9th Feb. '51

SAILINGS

23rd Dec,

11th Jan, 252

10th Feb. '51

SAILINGS

19th Dec, HHJd Jan. '51

KINGS BUILDING TELERIOSUS QUE, EMA

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, VI

SAN FRANCISCO, LOS ANGELES

AND

NEXT SAILINGS

M.S. "SALLY MAERSK"

M.S.

M.S.

"MARCHEN MAERSK"

"ANNA MAERSK"

PANAMA

Dec. 24

Dec. 80

Jan. 17

TANKS OF ALL SIZES AVAILABLE FOR BULK OIL

ARRIVALS FROM U.S.A.

M.S.

"ANNA MAERSK"

"CHASTINE MAERSK"

M.S. "GRETE MAERSK"

M.S.

THE CHINA MAIL, THURSDAY, DECEMBER 7, 1950.

Small Gains In

London Shares

The Wall bat

London, Dec. 6.

overnight rally in Street: led to small widespread gains on the London Block Ex- change today.

British Government bonds and

and Industrial, oil mining issues closed frac sionally higher.

Japanese bonds spurted on reports

the Tokyo Government may soon to sume Interest payments on money owed abroad.

Financial Times index 113.0, Associated Press.

SELLING ON WALL STREET

New York, Dec. 6.

rolled Railroad stocks

ahead on a clear track today but selling flagged down the balance of the market.

Railroad issues finished with gains running to four dollars a

of the share. The rest ended well under the best marks of the day in most cases but still up by fractions to a point.

Mat

Today's rise just about wiped out the heavy losses taken on Monday when thousands shares were dumped on the market in response to bad news from Korea.

Transfers were 2,010,000

Only Only active

onc

EXPERTS DISCUSSING RAW MATERIAL NEEDS

Washington, Dec. 6.

President Truman and the British Prime, Minister, Mr Clement Attee, today set their ex- perts to work on the vitally urgent problem of meeting the raw material needs of the Western Powers' defence programme.

Turning from the immediate issue of Korea at their third meeting here, the President and the Prime Minister quickly agreed that vigorous efforts were essential to raise production and en-. sure the best use of the present limited supplies.

Thuy appointed an Anglo- American working party, which is getting down to work within or three hours, two further into the problem.

These

to go

decisions were dk-

Pakistan's

closed, in a communique telling Mission To

of a wide area of agreement.

The two ·lenders spent 55 minutes discussing economle problems arising from rearma.

ment.

ACUTE SHORTAGES Reports from Europe have mentioned

of acute shortages come raw materials needed for rearmament, partly owing to American stockpiling.

Far East

Rubber Shipment

To Russia

London, Doc. 0. The Secretary for Over- sens Trade, Mr A. G. Bat- tomles, aid in reply to a In the Houso of question Commons on Wednesday thai two ships took 1,500 of the best amily tons Malay rubber to Itussta from London about Octo- bor 15.

He was unable to my whether there had been any shipments since then. There Was 130 Ban on them. United Press.

HONGKONG SHARE MARKET

and

Karachi, Doc. 6. Pakistan will send a 22-man The working party will have

of the mission to Japan next February to fill in the detalls general policy agreement, Pre-to study Japanese cottage and eldent Truman's acting Press small Industries as a model for Secretary, Mr Stephen Early, the intended development of its

The volume of business own cottage industry. The mis- sald efterwards.

sion will consist of two repre

the Stock Exchange this mor- sentatives of the Central Govning was valued at $223,308. ernment, One representative The half day's business from each of the five provinces, noon closing prices were as fol- six industrialists and nine arti-flowe fans,

BILATES BUYERS SELLERS SALES to BANICA Pakistan, which plans

1K Bank modernise and expand its co- INSURANCES

Union tage industry, chose Japan as a model for the intended reorganı-· sation. The omeinl members ofCKS, ETC. the mission will

the arti sans t attached to the mission will make an extensive six-month of the explore the

Questioned at a Press con- ference about reports of such shortages in Britain, Mr Early

said that the United States month in Japan wd about a

also faced many critical short ages, among them rubber.

of the 15 most

He would not speculate on ended issues

lower-

of the working Consolidated Mining, the outcome down 1/8 at $1.00.

party's talks

Benguet

study in various austries. The

Japanese cottage mission will also.

... 10%

Whart.. Dock Provident.**** S'hai Dock Wheelock

one. Hongkew

Hotel

HOC Land

#-

JARDINE, MATHESON & CO.,LTD.

FREIGHT AND PASSAGE DEPARTMENTO

18 Pedder 8trast, Tel. 80311.

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

e. "EASTERN

QUEEN"

*.*. "PRONTO" 8.#. "KUTBANG"

... "CHUNBANG" #... “HANGSANG"

• "CHUNDANG" *. "PRONTO"

"EASTERN

QUEEN"

Tiantain

Tlontaln

Sandakan

SAILINGS TO

Singapors & Calcutta 11 a.m.

12th Dec.

14th Doc. 1

Yokohama, Nagoya & Kobe

18th Doc..

17th Dec,

ARRIVALS FROM

Bandakan

Tiantain

Japan.

24th Doc.

8th Deo. 10th 150.

10th Deo.

a

vie

Cargo accepted on through Bill of Lading for MADRAS PONDICHERRY via Singapore and for KUDAT, JESSELTON, LABUAN TAWAU,

• Bendakan.

LAHADDATU A

BEMPORNA

AUSTRALIA CHINA LINE LTD.

*m.v. "KAFIRISTAN"

BAILINGS TO

Lae, Brisbane, Sydney, Melbourne & Adelaide 13th Dec.

ARRIVALS FROM

Japan

12th Doo.

m.v. "KAFIRISTAN” "Cargo Rocepted on through Ditle of Lading to Tasmania, Now Zealand and Pacino Island Ports.

GLEN LINE LTD.

SCHEDULED SAILINGS TO UK. AND CONTINENT

m.v. "BRECONSHIRE"

Loads 4th January, Bails 8th January for Straits, Ca- lombo, Adon, Buez, Port 9ald, Tangler, Casablanca, London, Antwerp, Rotterdam/Amsterdam, Hamburg.

Due London 14th February.

(Carriers option to proceed via other ports to ford/discharge cargo)

SCHEDULED ́ARRIV ALS FROM LONDON

Leave London

1330

050

Loada 22nd December, Balls 24th December, for Straits, Colombo, Adon, Buez, Port Said, Alexandria, Qonca, London, Rotterdam/Amsterdam, Hamburg and twerp. Duo London fat. February. m.v. "GLENEARN"

An-

01

13

1200 @ 11

3.10 31 1400 3.15

2312

1304534

7.35

800 o 1.25

40

Due H.K.

300 1214

m.v: "GLENEARN"

1000

053

m.v. "GLENGARRY" m.v. "RADNORSHIRE"

Balled Balled

14th Doo.

24th Dec.

5th Deo.

10th Jan.

m.v. "FLINTONIRE"

INTERMEDIATE BERVICE

Balled

15th Dec.

beyond saying possiblities of employing. Jap-val Land 1.10

Among the gainers were that they might get on the road Samta Fe. Union Paelfie, Patino to a solution.

Grum Mines Curtiss Wright, man Aircraft, Douglas Aircraft, Baltimore and Ohio and Philco.

Dow Jones averages: Stocks.

20 Industrials

15 Ralis

10 Utilities

82.29. 220.16.

70.49.

39.31.

-Associated Press..

Tuero was no discussion of pricing as such at this mor- ning's conference, he said.

BEHIND SCHEDULE

Observera said that

it ap that consideration by pearod the two leaders of the military situation had taken longer than was originally tentatively

Strength In planned. NY Cotton

New York, Dec. 6. Cotton futures were strong, with most of the strength in old crop months. Trading volume was low 19

Dec. 18

Dec. 28

Dec. 80

a bale higher.

December

March

Was

anese technical industrial in structors in Pakistan. The Indus- trialists will also visit Indonesia and Malaya en route. home to make contacts and create mutual Industrial Interest with countries.-United Press,

those

Bonds

Japan

Skyrocket

Government

Trem ....... 17%

C. Light (0) 13%

C. Light (N) 790

Electric ... 2014

Telephone 1012 Tel (Now) 0.00 INDUSTRIALA

Cement... 13.10

$

500 0 22 1000 12

500 07.20 200 @ 7.90 009 201 1130 201 BOD 201 100 2012

PRINCE LINE LTD.

ARRIVALS FROM U.S, ATLANTIC & PACIFIC POUTS.

1000 @

0001314

163 @ 1215 180

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

Sally N.Y. Balls 8.F. Ballod Balled Balled 6th Deo.

Dus H.K.

12th Doc.

2nd Jan.

21 24 1000 @ 2.00

STORES, ETC,

Dairy Dairy (N), mis Watson

2145 COTTONS

Zwo

Strength In London Tin

To that extent consideration

Now York, Dec. 0. of problems connected with the establishment

Japanese bonds skyrocketod of a supreme

Atlantie today in a spectacular outburst command for a North Army in Europe

behind of buying. Spirited bids pro- duced galos ranging up to $80 schedule.

per $1,000 bond for the Japanese readmitted trad-

to The decision to hold two ses-obligations, dealers sions of the Truman-Attice con- ing here only a month ago.

Twelve Japanese izsuus gain- held aloof, awaiting develop-ference today will make it im ments in the military situation possible for Mr Attice to conter ed, most of them by $30 Dr

London, Dec. 0. Japancoc Futures closed 60 cents to $2.30 until late this evening or to-more.

The tia market was. strong. morrow with the Indian Ambas-

added $80 6-1/25

at $650, Mrs Vijaya Lakshmi sndross,

Shinyetsu Electric 6-1/2 ad today, although businesa wan

still on the small side Parit A

between vanced 70 at $480. meeting them had been talked about as The sharp

of the Japa- over was 75 tons, including 13 possiblity this afternoon,

issues stemmed directly tons for spot, 30.79 nominal though nothing definite had been from a statement by Gen Ich!

arranged. Reuter.

Tokama, Chairman of the Tokyo Securities Exchange, who said in Chicago that the Japanese spot tin, lors Government Was considering Business done at the resumption of interest pay- Thren-months tin, buyers 1,040 ments on its external debt. Three-months tin, pellers 1.045

·Beninass done si

1,050-1,040 Associated Press.

Settlement

1,160 United Press.

For Freights and Further Particulars please apply to:- May

AGENTS:

JERSEN & CO.

Pedder Building

Tel. Noa, 26661-8.

AMERICAN PRESIDENT LINES

The Global Fleet

S.S. PRESIDENT MONROE

will sail on SATURDAY, December 9, at 4 P.M. for Manila, Singapore, Penang, Colombo, Cochin, Bombay, Suez, Port Said, Alexandria, Naples,

Marseille, Genos, Leghorn, New York and Boston, Passengers are requested to board the vessel on Saturday, December 9, between 1 and 9 P.M.

Baggage-room and Hold baggage will be received in Godown No. 50 of the Hongkong & Kowloon Whart & Godown Co., Ltd., entrance through Gate No. 2, Canton Road, Kowloon, on Friday, December 8, from 9 A.M. to Hoon and from 2 to 5.P.M..

PENINSUL

October

December

March

May

Midaling spat

43.30

43.20- 41.42 40.50

21

སྐ

"

36.30 36.09 nominal 35,09 -43.10 -Associated Press. NEW ORLEANS STEADY

New Orleans, Dec. 6. Cotton futures closed steady

10 cents to $2.35 a bale higher. December

March

May

July

October

Spot cotton $2.25 a Middling

42.10 bid 42.01 41.30 40.00-67 30.00. bid bale higher 42.25

-Associated Press.

Dull Rubber

Market

Chicago Grains Show

Firmness

Chicago, Dec. 6. Early gains were extended, with most deliveries of a grains developing a strong tone during late dealings. The higher prices

of export sales New York, Dec. 6.

on the and the continued cold weather prevalled Dullness

while over the grain belt contributed rubber futures market,

The United to the advanced

was reported to have

pose

Print Cloths In Good Demand

Turn

Prices closed today at the end of the officials morning session as follow

Spot tin, buyers

1,145 1,150 1,150

Rubber Futures:

In Singapore

Singapore, Dec. 6. Prices in the rubber futures market here closed today us follow- N

rubber.

Der lb.

No rubber, January

(1951).

1

December

No. 1 rubber, February

· EAST COAST, CANADA & UBA, vis SUEZ

m.v. "BRITISH PRINCE"

Loads 12th Doo, for Japan, Philippines, Java, Binge- poro. Strale, Colombo, Halifax, Boston and Now York. Vessel may call at. Saigon and Slam. m.v. "EASTERN PRINCE"

Loads 2nd Jan, for Japan, Philippines, Java, Belgon and Blam subject to Inducement, traits, Colombo, Halifax, Boston and New 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. their register All Intending Passengers should names as far as possible in advance of the time at which they wish to leave.

PACIFIC TRANSPORT LINES

ARRIVALS FROM SAN FRANCISCO.

180-101

170-171 105-166

TRANSPORT". *. "PACIFIC LL "AMERICA TRANSPORT". B.. "CHINA TRANSPORT”, LL. "PHILIPPINE

TRANSPORT"

New York, Dec. 0. Print cloths were in good demand in the cotton goods market today. Most other pec- tions of the cotton textile in dustry reported. alow truding

The plece due to tight supply position.

goods market in woollens and worsteds continued No. 2 rubber, December ¿quiet. The Korean situation Black Cryps

according to merchants, keeps No. 1 pala crepe over, with most mills sold up well into the first quarter of Exchange Rates 1051, they were not pressing

traders watched the development peveral cargoes byyers on the sidelines. How-

09

18

WB3.

24.

ments on controls in Washing-

Sales totalled only ton.

The market closed hard U.S. wheat, and Portugal contracts.

said to have bought mere. 150 points to 55 points higher.

Wheat futures closed 1%, to- Prices closed today as fol-

higher, corn was 1% to 2% lows:-

higher, oats to % higher, 63.25 traded rye % to 3% higher and 48.25 traded beuns 14 to 2% higher. 45.00 bid

Prices closed today

as foi United Press.

lows

Wheat price per bushel

March (1051)

Spot (1831)

March

May

July

NEW YORK SUGAR S December

& ORIENTAL | lower,

MAM NAVIGATION COMPANY

R.M.S. "CHUSAN"

-"AILS:

NOTICE TO PASSENGERS

'BAGGAGE:

New York, Dec. 6.. May Domestic sugar futures num-Judy

Corn ber six closed unchanged to one

Spot Sales 109 contracts, December

0.40 bid March (1031) March May

541 bid May July

8.43 bla Juk

Пуе World sugar futures No. 4 closed two lower to five higher, December Sales 187 contracta

Jamiary

March

May

July Beptember

December 1.30 notažas) 28árok (1951)

6.00 bid

5.03 Di

0.02 bid B02 Dominat

Raw sugar spot 6.24 nominal: Associated Pres.

New York Metals

for business.

soy-

was

2.30 2.34

1.70

1,00-1,00% 3,0976-92

1.50

za bki New York flor-per 200 ib, sack, |813.00---Látised Prunu,

Tin, Rubber And

Wool. Advance

Singapore, Dec. 8.

Now York, Dec. '8. Baturday the 9th December at Noon Prices in the metal market for the United Kingdom via Straits, hera closed today unchanged

with the following exceptions to Colombo, Bombay, Aden and Port

Tin, Grade A (99.60 per cent Eastern markets. ...Said,

or higher), New York, per b 130,0United Press. ALL passengers baggage must be sent to the Hongitong & Kowloon Exchanges In NY Wharf Co's Godown at No.” 2 GATE,

New York, Dec. 0. CANTON - ROAD ENTRANCE" BY

Closing foreign exchange: NOON on FRIDAY the 8th DECEM- Canada

BT

BER

“SPECIAL NOTE: With the exception of hand packages switzerland

carried by passengers themselves ALL

Britain Belgium Portugal

Argentina

BAGGAGE must pass through the

board by ship's slings only,

1

No. 3 rubber December

'168-170°

100-100 181-182 150-135

United Press.

ملونة

15.00

4,00

Business was done in the local The rayon goods market unattelal exchange market

strong moming at the folowing Tales confronted by a

Sterling note, (per :E), arms. dollars (por $1) general demand and prices as a result of advancing Indonesia, guiders (per 100) yarn quotations. Associated Slam tais (per 100)

Singapore (Strats) Pires.

Lyric: "pistres (per 100)

Balted tình Nay.

Balle 6.7. -• Dưà H.K.

22nd Doc.

27th, Das.

23rd Nov.

20th Doc.

9th Dec,

10th Jan.

'TO TAKUBAR, KOBE, NAGOYA, ‘SHIMIDŽU, YOKOHAMA, SAN FRANCISCO, & LOS ANGELES

"PACIFIC

TRANSPORT”.

TO MANILA, CENU, KOŽE, NAGOYA, SHIMIDZU, YOKOHAMA & SAN FRANCISCO

"Ball H.R.

Due 0.F.

22nd Dec.

12th Jan..

:

Bella H.K.

Duo 8.F.

"CHINA TRANSPORT":

TO CEBU & LO

29th. Doc.

80th Jan.

ANGELES

1

SPORT...

Balla H.K.

27th Deo.

Duo LA.

22nd Jan.

.. "AMERICA, TRANSPOR" 27.00

1.725 11.00

Through, bills of lading lauad to any Portin Ports. Bouth American North America & to

Mild Reaction To US JARDINE, MATHESON & CO. LTD.

Steel Price Raise

New York, Dec. 6.

Reaction of steel consumers to last week's

18 Pedder Street

WATERMAN

price increase is mild, the Iron Age, metal-working | STEAMSHIP trade weekly said today.

To most of them." -the cost of living figures at an all- publication said, "availability time: high, priceverage - controls of steel. is the primary con- are much nearer this web. Dr Prices for strategic commodi-pideration. Cost is of secondary John Lewis is the only voice in labour still to be heard advanced today in Far Importante."

In the fifth round. He is exs demand croone

The weightedyrast in pected to move at top speed-to A trisk OVCTIC boosted Malayan tin to $519-la $5,88, a ton of finished steel,

barrier. desperate 82% (Straits) plcul, while It added,

noting that the forces in Keres moans that rubber gained slightly to hold covers only the best of the face will quickly, agros to the at $1.70 (Stradts) a pound."

At Auckland, Merino fleece Wago settlement

absorbing in 600,000 mpra, for defence,

while most President's request for $1Mi steel firms are wool reached a New Zealand

creased materials costs which full impact of

defence -spending record high of 151.51 pence

now averago more $44 will come sooner and, cut. (Now Zealand) a pound at the ton

deeper into civilian goods than 00 14. second day of the Christchurch

Most major steel producers had been expected. Falcs-Asociated Press.

aro meeting the new prices trolled-materiala, plan by tha 23.17.

not sooner now: 0.70

announced by U.S. Blool, and end of

for the industry so fargot in under the contrast U.8. ] 'K/

$2,50

3.40.

Associated Prest.

Wharf Co's Godown for loading on Trade Agreemont

Seeds And Oila

Frankfurt, Dec. 6. | ||_ ** Infornyed***sources [

on

New York, Dec, 0. Prices ir, the aneda ols.

,

XIGIT

Aga noted that limits faran priority orders which, mille

are adopting the,, wage patter providing for a boost averag Ing -10 Centa anbour stoelwothbr sald, it continued).

Tel: 80811

CORPORATION

MOBILS ALA USA

WATERMAN LINE EXPRESS

FREIGHT SERVICE

SATLANTIC COAST VIA JAPAN

Due about

.14ih. Dec. 1950

JOY JAVAJ* DIRECT FOR" NEW YORK, BALTIMORE & PHILADELPHIA VIA JAPAN & HONOLULU.

VAR· HAWK?

БАД

"

ACCEPTING TRA HIPMENT CARGO, FOR

박구

PORTE!

Adequat accept, have been Ti WALLEM & CO. LTD.

with tho, limits, ons hot; and cold montano "KUPAKE rolled harm, from

ARRATION: Will take place on SATURDAY the Wednesday, that the Allied High marker, hores closed today and fr

PUITDECEMBER between than one Commision had moprovod na kulanerne MINERINAR