1950-12-14 — Page 11

THE CHINA MAIL, THURSDAY, DECEMBER` 14, 1950.

Russia Takes

R.I. L. Bigger Wool

ROYAL

INTEROCEAN

LINES

• SINGAPORE JAVA

PORTS and MACASSAR

"VAN HEUTZ“ •

"NIEUW HOLLAND"

“THIBADANE”

“TASMAN" *

"TJITJALENGKA"

ARRIVALS

15th Deo,

22nd Dec.

23rd Dec.

23rd Dec.

6th Jan, '1

* Only to Bingapore, Penang & B. Del.

• MANILA, EAST & SOUTH AFRICA and SOUTH AMERICA

"RUYS"

"BOISSEVARU"

"TJIPANARK

• JAPAN

"TJIPONDO="

**RUYO"

"TJIFANAO"

"BOISERVAIN"

ARRIVALS

.18th

Dea

.10th Jan. '51 .20th Ian. 'St

ARRIVALS

.In Port

Gib Jan. '51 7th Feb. 'St 7th Mr.01

SAILINGS

20th Deo.

26th Dec.

2nd Jan, '51

8th Jan. 51

SAILINGS

8th Jan. '51 9th Mar. '51 Dib Feb. '81

SAILINGS 14th Dec,

22nd Dec.

23rd Jan. 51 21st Jan. '51

Agents: HOLLAND EAST ASIA LINE

• EUROPE via MANILA

and MALAYA

"LANGLEESCOT

"MARIEKERK"

"MELISKERK*

Through Ba/L fumzod

Mediterranean and Northern

European Perta.

• JAPAN

"LANGLESSCOT"

"MARIEKEEK"

"MELISKERK"

ARRIVALS

10th Dec.

Kid Jan. '5]

‡ not calling at Manfa

ARRIVALS

-21st Dec.

7th Jan. '51

9th Feb. '81

SAILINGS

24th Deo, 11th Jan. '51 10th Feb. '51

SAILINGS

19th Dec, Mid Jen. '51

EEKING SE BUILDINGSSTELUMIONES 2013 TO, Amira B

AMERICAN PRESIDENT LINES

Fle

PHONE 28172/5.

ST. GEORGE'S BLDG.

TO IONOLULU AND BAN FRANCISCO vis JAPAN PRESIDENT WILSON

PRESIDENT CLEVELAND

Arr. Dec. 15 Arr. Jan. 12

Nalla Dec, 20 Salls Jan. 13

TO SAN FRANCISCO AND LOS ANGELES via JAPAN PRESIDENT PIERCE

Sails Dec. 14

In Port

TO NEW YORK, BALTIMORE AND BOSTON yl PACIFIC COAST AND PANAMA

MARINE SNATTER

arr. Dec. 31

Salis Jan. 1

ROUND-THE.WORLD

Supplies

Canberra, Dec, 13,

The United States and Ruada both received more wool from Australia in the four months July 1 through October 31 than In the camo period last year. Britain received less.

Government

statistics

for

those four months report Britain received 0,904,000 pounds of

Chancellor Of Exchequer British Economy

Reviews

London, Dec. 13.

Mr Hugh Gaitskell, the Chancellor of the Exchequer, told the House of Commons tonight that the suspension of Marshall Aid to Britain as from January 1, 1951, will not prevent Britain playing her part in building up the defoncos of Western Europe.

He said that the disappearance of the dollar

a total of 212,508,000 pounds of deficit-coming early in the third year of a four-

greasy wool exported,

Exports of greasy wool to the United States increased from approximately 22,000,000 pounds In the four months of 1040 to 25,514,000 this year,

Increased exports were sent to

Japan-from 8,091,000 pounds to 13,242,000 pounds.

Wool shipments to Russia in- creased from 9,280,000 pounds to 13,826,000,-Associated Press.

Increase In

Price Of Nickel

New York, Dec. 13. International Nickel Company of Canada, producer of about 75 per cent of the world's nickel supply, today announced д increase of 2- cents a pound in its price of nickel, along increase for its with a wage workers.

New base price for electrolytic nickel in this country is 5OW

14 cent U.S. Import duty,

Wages in the firm's Canadian plants were boosted 0% to 8 ceuts an hour. Associated Press

year programme was a source of profound satin Buyers Active

faction to both Britain and the United States.

Mr Gaitskell had earlier announced to the House the suspension of Marshall Aid to Britain as from the beginning of next year. He qualified this by saying, however, that Marshall Aid to Britain would not be completely stopped.

The Chancellor explained that ƒ the ordinary Briton. But it does Britain's economle progress and mean that the nation will have the strain on the American to watch its dallar expenditure economy through the programme were the reasons for the stop.

defence even more carefully than

The uso of the word "sus- pended" means that

some

should

hitherto,

Controls in importa costing dollars will be tightened up.

Britain will remain a full

unexpected emergency arise, the position could be re-member of the Organisation for Economic Co- considered and Britain might be European

able to fall back again on more operation, the body responsible ald.

for the practical working of the Mr Gaitskell said that aside Marshal Ald-Reuter. from the safe balance of Britain's dollar deficit, there is out assistance the new United another reason for doing with-

States defence

programme had put a greater strain on the American economy.

CONDITIONAL AID

Mr Galtskell told Parliament that the total of allotments of aid to Britain for the six months ended December 31, 1950, would remain at

at $175,000,000.

Of this, $150,000,000 represen-

HONGKONG SHARE MARKET

The volume

of

business on

cents a pound, including the ted conditional aid matching the Stock Exchange this mom- equal sterling grants made by

ing was valued at $208,315. The and noon Britain to other countries in half day's business the Organisation for pean closing prices were as follows:-

European

SHARES DUYERS BELLERS SALES Economic Co-operation through GOVT, LOANS

he European Payment Union. 31 (1948) 0035

Mr Gaitskell added: The United Kingdom will continue to BANKS draw upon these and previous allotments of aid until they are exhausted. Goods and services

Indian Offers Of Sheetings

so financed will, therefore, be reaching B

ing Britain for some months come."

to

will

(ECA)

scarce

51

HK Bandc INSURANCES

Union

SIPPING

Asla Nav. DOCKS, ETC.

KC Whart

Decks Provident

S'hal Dock

HK Hotel

+

HK Land

•

1310

On 'Change

London, Dec. 13. The Inll in Horca in- spired firm buying suppors In most sections of the London stock market to- day.

British Government bonds scored gains up to one- eighth for the second isy in a row. Leading the in. dustrials, vils and minings were fractionally higher as the clone.

Tho

WEAL

trend in forcian bonds.

mixed. but Japanese fernés finished one-fourth to a full point higher.

Financial Times' index: 114.8.--Associated Press.

Stock Market Stands Up To Bad News

New York, Dec. 13. The stock market swallowed another dose of bad news today with scarcely a shudder.

Few Issues changed more than point either way. Losses out- numbered gains by

1

Glim 10 1280 margin. Tronsters were 2,030,-

000 shares.

* 045 255 (6

བལ་

• XD

*

00

1000

3.10

500 @ 34

77.70 500

S'hat Land 110 UTILITIES

Star Ferry

New York, Dec. 13.

By the end of this year Britain Increased offerings of Indian

have received a total of mat sheetings attracted attention $2,094,300,000 from the United LAND, ETC. in the Worth Street market as States since Marshall Ald began traders awaited Washington in April, 1948. developments on price controls. Mr Gaitskell said that certain Buyers checking into Indian Economic Co-operation. Ad- offerings were inclined to shy"ministration

program- until they obtain assurance that mes, particularly those foster-

could be

ing overseas development, for

C. Light (N) made on

of

STORES, ETC. production Drapery manufacturers the

Dairy (N) for the Inter- COTTONS and interest-change

materials, beat

technical knowledge EWO

higher produc- to en

encourage tivity, would be maintained.

Britain would continue to be eligible for assistance under these programmes and the ECA- agreements between Britain and

the United States

would remain in force for the time being.

deliveries time. showed the United Press.

Balls Dec. 18

Via Manila, Singapore, Colombo, Cochin, Bombay, Karachi, Surs, Port Said, Alexandria, Naples. Marrelles, Genoa, New York & Boston,

Art, Dec. 17

MOUNT DAVIE

The wars our generation has witnessed have brought what wars have always brought-disturbances, unrest and a feeling of general insecurity-that's the way of all wars. Industry and mutual trade-useful pursuits of peace are the endeavours in the opposite direction. This concern has argued whenever it could, that free access, free intercourse and trade between peoples, contributes to peace and friendliness and security and takes the tension off where diplomats seem to fail. For, when all is said and done, people want the opportunity to work for a living. Trade and industry, free and untrammeled, not only con- tributes to that opportunity, but is a way of life. Vessels of our Line are plainly marked and can be recognized easily when they sail in and out of the principal ports of the world, and we like to feel that they are practical symbols of this philosophy:- Iabrandtsen

INDEPENDENT

DEPENDABLE

Regular Sailings from Hongkong to New York, Baltimore and Philadelphia via San Francisco or Los Angelos

i

S.S. "SIR JOHN FRANKLIN”

S.S. “FLYING CLOUD”.

DUE FROM:

New York vin Manila 1st week of Jan.

New York via Manila 1st week of Jan,

SAILS FOR:

Pushan, Tsingtao, Taku Bar, Kobe, Nagoya, Yokohama, San Francisco, Los Angeles, New York, Baltimore, Phijndelphis, Boston via Panama Canal. 1st week of January.

Tsingtao, Taku Bar, Kobe, Nagoya, Yokohama, San Francisco,, Los Angeles, New. York, Baltimore, Philadelphia, Boston via Panama Canal, 1st week of January,

(Transhipment cargo accepted for Jamaica, Havana and other Cuban Ports; also Venezuela.)

LIMITED PASSENGER ACCOMMODATION AVAILABLE

Above Dates Subject to Change

For Information Apply to:

A.P. PATTISON & CO., INC.

GENERAL AGENTS: CHINA, FORMOSA, KOREA, JAPAN AND HONGKONG,

12-14 Queen's Road Central 4th Floor.

CHINESE AGENTS:

Tel: 25340

OVERSEA CHINESE STEAMSHIP CO., LTD.

WARNING NOTE The Chancellor sounded one warning note. He said: "The suspension of ald under the European Recovery Programme does not mean that the recovery of the British economy is com- piele

or that the financial re- sources of the sterling area are

Governments TC* cognise that part of the

ina- of provement in the position the sterling area is due to ternal factor which may well

be

13

* 288

7.30

500 g 7.10

2500 @ 2.

$1.30

. 11

12

200 @ 1136

2470

Late Rally

In Chicago

Markets

Chicago, Dec. 13. Late railles carried the grain market to a firm close, although nervousness prevailed through most of the day's dealings. Corn was the only cereal grain to fail to show strength at the

close.

Wheat futures closed to %

higher, corn was to lower, cats were % higher to % lower, "Funthe new difficultler i TMye 1-4 to 1- higher and and burdens are certain to fall oybeans higher to lower. Prices closed today Bg fol- upon the

the British economy and

lowo: balance of payments. In 1951 as a result of the increased defence programme and the impact of higher raw material prices and prospective shortages.

Wheat price per bushel

Spot

2137 2.35-44 2.40--% 3.38-12-1 2.33

December

March (1981)

May

Juty

thero-

Com

Spot

December

March (1961)

May July

107-14

Rye

December

1.85-16 did 1,00-1-1.01

"This understanding. fore, provides for the suspension and not the termination of ERP Aid and for reconsideration, necessary.

"Nevertheless, the extent of the recovery already achieved demonstrates alike the immense value of the European Recovery Programane and the success of the efforts of the British people to meet and overcome the grave problems which they have had to face.”

NOT AFFECTED

Replying to Mr Eden, asked about the position

who

Alay (1981)

O

December

Mare (1991) NEW YORK FOUR-per mack. $12.10.

1.73 1.60-35-4 1.07-11 1.07-38-4

200 lb.

-United Preos.

Offers Not Met

New York, Des. 13.

offered copra

Sellers on

for

11

JARDINE, MATHESON & CO.,LTD

FREIGHT AND

PAGSAGE DEPARTMENTS 18 Pedder Street, Tel. 80911.

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

. "PRONTO"

. "WINGBANG"

.. "CHUNSANG"

#.#. “KUTSANG"

2. "LOKSANG"

8.6. "KUTGANG"

A "HANGBANG" "LOKSANG"

SAILINGS TO

Tiantain Koplung

Tientsin

Yokohama, & Kobe

Yokohama,

& Kobe

Nagoya,

ARRIVALO FROM

Calcutta A Straits Bandakan

4 p.m. 14th Doo Noon 15th Dec.

4 p.m.

10th Doc.

19th Doo.

Osaka,

Zlat Deo.

10th Dea.

16th Dec,

Calcutta, Gaigon & Bangkok 10th Dec,

Cargo accepted on through Billa of Lading for MADRAS & PONDICHERRY via @ingapore and for KUDAT, JEBBELTON, LABUAN, TAWAU, LAHADDATU a BEMPORNA

Sandakan.

AUSTRALIA, CHINA LINE LTD.

*m.v. "KAFIRISTAN"

SAILINGS TO

Lae, Brisbane, Sydney, Melbourne & Adolside

via

2 m, 14th Dec. (Limited Patsonger Accomodation Available) *.. "BALUCHIOTAN”

Fremantle, Hobart, Adelaide & Melbourne

ARRIVALS FROM

m.v. "KAFIRISTAN"

At Buoy AR

10th Jant.

*Cargo accepted on through_Rills of Lading to Tasmania, Now Zealand and Pacific Island Ports.

GLEN LINE LTD.

SCHEDULED SAILINGS TO UE. AND CONTINENT

m.v. "DRECONSHIRE"

Loads 24nd December, Balla 26th December, for Otralt Colombe, Aden, Buez, Port Bald, Alexandrie, Genoa, London, Rotterdam/Amsterdam, Hamburg surd An. twerp. Due London fat. February.

m.v. "GLENËARN"

Loads 4th January, Balla 8th January far Straits, Co. lombo, Aden, Buez, Port Bald, Tangler, Casablanca, London, Antwerp, Rotterdam/Amsterdam, Hamburg. Due London 14th February.

(Carriers option to proceed via other ports to load/discharge cargo) SCHEDULED ARRIVALS FROM LONDON

m.y. "GLENEARN"

Q

m.v. "GLENGARRY"

m.v. "RADNORSHIRE"

Russin's rejection of a Korean cease-fire and talk of new wage and price controls at home made traders cautious, but there was no excitement. Alrlines did fairly well and rails came back after slipping on Tuesday.

Among

thes gainers were Pepsicola,

Woollen, American

Dow oil,

Sunray

Twentieth Century Fox, Ameri-

can

Due H.K.

Leave London

At Holts Wharf Balled 5th Dao.

24th Doc.

10th Jan.

16th Dece

20th Jan.

INTERMEDIATE BERVICE

m.v. “FLINTSHIRE” m.v. "PEMBROKESHIRE"

(All outward vessels

Balled

Salled

accept cargo for Japan)

PRINCE LINE LTD.

ARRIVALS FROM U.S. ATLANTIC & PACIFIC POETS

Sallo N.Y, Baila 8.F. Due H.K

At. Buoy A2 2nd Janz.

Sulfed

m.v. "BRITISH PRINCE" Chemical,

m.v. "EASTERN PRINCE"

6th Dec EAST COAST, CANADA ̈& U.S.A.' via SUEZ

Airlines, United Airlines,

Baltimore and Ohio.

Dow Jones averages:

Stocks .....

03.17.

228,82.

73.80.

39.31.

20 Industrials

15 Rails

10 Utilities

Associated Press.

Steadiness In London Tin

London, Dec. 13. The tin market was steady this morning. Turnover was 85 tona

the

Prices closed today at end of the official morning session as follows:- soos th, buyers Spot tin, sellers Three-months tin, buyer Three-months tin, bellera Business done at Settlement

1,130 1,150

DES

100

1,140

-United Press.

Steel Unit Closed

Chicago, Dec. 13. The Carnegie Illinois Steel Company announced today that its South Chicago work hasie steel production unit with total employment of 14,000 was being shut down because of a walk-out of trainmen.---United Press.

NOTICE TO CONSIGNEES

m/v "AJAX"

Damaged cargo ex this vessel will be surveyed at Holt's Wharf be- tween 10 am, and Noon on Decem- ber 16, 1950, and consignees are requested to have their representa- tives present during the survey.

BUTTERFIELD & AWIRE, Agents,

raw materials from the nearby shipment at $212.50 a Hong Kong," December 14, 1900, American continent, Mr Gait- short ten, off $2,50, The TC- skell naid the difficulty with duced price. falled to uncover NOTICE TO CONSIGNEES raw materials would not arise any buying interest. In co- now from any scarcity of del-coanut oll, dealers indicated lore and would not be affected that the material for nearby by the decision.

shipment might be available on

"It was a problem of physi- the firm bid of 16-3/4 cents a cal scarcities on which discus-pound, F.O.B. mills-United

took place in Washing-Press

Fion Eion ton.

At a press conference Inter,

Jap

CONSIGNEES TER

BARBER WILHELMSEN LINE

FILE "TUNGU."

are hereby notified that their cargo is being discharged into the "

Bonds Popular de Kowloon Wharf & Godown

Co.'s godown where it will be at consignees risk and subject to the

storage, and where delivery may be

New York, Doc. 18. Japanese bonds pointing higher obtained,

Small buying orders kept Whart's forms and condition out

today.

Damaged packages are to be left

Mr Galtakell old that he did not expect Britain would mako any direct cuts in dollar imports as a result of the change.

Britain would begin to repay the interest on the loan element of Marshall Ald in 1952, and the for the Oriental Development Consignees and the Company aur

66, which Anlshod at $420,~~~~As~ | veyor, Messer Goddard & Douglas principal in 1955.

at 10 am on the 16th Decembar, the soclated Press, of

1050. tothi Marshall Ald was in re- payable loans, the remaining 67 percent being in outright

The biggest gain was $6.25 in the godowns for examination by

(Thirteen percent

grants). Mr.

New York Metals

New York, Dec. 13. Prices in the metal market here closed today unchanged with the following exceptions:

Tio, Grade A (99.80 percent or higher) New York, per ib. 130.00 United. Press.

William L. Batt, the American Minister in charge of the Economic Co-operation Ad- ministration to Britain, express. ed satisfaction... "A healthy Europe: means

bealthy A America and an unhealthy Europe means an unhealthy America." he said.

Mr Batt declined to say If there were plans for reducing Marshall, Ald to other countries, HER CONTROLEĽOU GIVEEB

To comply with the "General Bonded Warehouse Regulations, con- signees must have a liavenue Ulcer in attendance when damaged dull- abla gonds are examined.

No elated will be admitted after the goods have left the steamer's godown, and all goods remaining undelivered after the 18th Decem ber, 1930, will be subject to rent.

All claims against the steamer must be presented to the Under-

+

Exchange Rates simed on or before the 28th. De-

momelet exchan

busutom wall dod in the Joni market - thin moment at the following patanjali Atomika "prota (PET

comber, 1959, or they will not be recognised

m.v. "DRITISH PRINCE"

Loads 12th Dec., For Wanlahi, Philippines, Java, Singa poro, Straits, Colombo, Halifax, Boston and New York. Vowel may call at Balgon and Blam.

m.v. "EASTERN PRINCE"

Loads 2nd Jan, for Wanishi, Philippines Java, Balgen and Slam subject to inducement, Strafts, Colombo, Halifax, Boston and New York.

Cargo for et John (N. B.) Montreal and Berntude with tren-·* shipment at Halifax or Now York.

All the above subject to alteration without natico. All Intending Passengere should register thair names so far as possible in advance of the time at which they wish to leave.

PACIFIC TRANSPORT LINES

P

ARRIVALS FROM SAN FRANCISCO

.0.0. "PACIFIC TRANSPORT" 2.5. "AMERICA TRANSPORT”, LE "CHINA TRANSPORT". 14. "PHILIPPINE TRANSPORT"

Balla 8.F.

Duo H.K

Bellod Balled 23rd Nov.

21st Dec.

27th Dec

8th Dec.

20th Đạo. 10th Jan.

Duo 0.F.

19th Jan.

TO KOBE, NAGOYA, SHIMIDZU, YOKOHAMA,

SAN FRANCISCO, & LOS ANGELES

1. "PACIFIC

Balls H.K. TRANSPORT” ................. 22nd Des

́TO MANILA, CEBU, KOBE, NAGOYA, SHIMEDZU, YOKOHAMA & SAN FRANCISCO

LS. "CHINA TRANSPORT"

Balls H.K.

29th Dec. -

Duo B.P.

10th Jan.

Duo L.A. Sand Jan.

TO CEBU & LOS ANGELES

Salle, H.K. .. "AMERICA TRANSPORT"......

27th Doo.

Through bills of lading issued to any. Port in North America &to Bouth American Porte. JARDINE, MATHESON & CO., LTD. 18 Pedder Street

Tel: 80811

WATERMAN

STEAMSHIP CORPORATION

MOBILE ALA USA WATERMAN

LINE EXPRESS

FREIGHT SERVICE

FROM U.S. ATLANTIC COAST VIA JAPAN

■ *. "LAFAYETTE?

A “WAE HAWK”

Due about... 20th Dec. 1950. 28th Doo. 1950'

DIRECT FOR

NEW YORK, BALTIMORE & PHILADELPHIA VIA JAPAN & HONOLULU.

KA "LAFAYETTE”, AWAR HAWK”-

-Balls about.......... Zish-Dec. 1950 .." 29th Dec, 1950 ALSO ACCEPTING TRANSHIPMENT CARGO TOR

3 GULF PONTS. JALAN

WALLEM & CO. LTD.

No, Fire Insurance will be effected yet Care Vanillandı Makajas