1950-12-19 — Page 11

Bullish

R.I. Le Sentiment

ROYAL

INTEROCEAN LINES

• SINGAPORE JAVA

PORTS and

MACASSAR

"VAN HEUTZ” •

"NIEUW HOLLAND“

**TJISADANE"

"TASMAN" ⇓

**TJITJALENGKA”

ARRIVALS

SAILINGS

29th Deo.

22nd Deo.

.22nd Dco,

20th Deo.

23rd Dco,

2nd Jan. '51

dib Jan. '51

8th Jan, 51

• Only to Singapore, Penang & B. Dell.

• MANILA, EAST &

SOUTH AFRICA and

SOUTH AMERICA

"KUYB"

"BOISSEVAIN"

**EJIPANAR”

**TJIBADAK”

- JAPAN

"RUYS"

"TJIFANAS"

"BOISSEVAIN"'"

ARRIVALS 22nd Dec. 10th Jan. '51 20th Jan. '51 1st Feb. '51

ARRIVALS

6th Jan, '1 Tih Feb. '51 7th Mar. '51

SAILINGS

8th Jan, '1 9th Mar. '51 9th Feb. '81

SAILINGS 24th Dec,

23rd Jan, 61 21st Jan: 51

་

Agents: HOLLAND EAST ASIA LINE

O EUROPE via MANILA

and MALAYA

"LANGLEESCOT" ‡

"MARIEKERK"

"MELISKERK”

Through Ba/L issued to

Mediterranean and Northern

European Ports.

D JAPAN

"LANGLESSCOT"

"MARIEKEEK"

"MELISKERK"

ARRIVALS

6th Jan. '51 In Port

SAILINGS

24th Dec. 11th Jan, 51

Mkt Jan. '51

10th Feb. '51

pot calling at Manila,

ARRIVALS

22nd Dec.

7th Jan.1

9th Feb. '81

SAILINGS

20th Dec. Mid Jan. *51

& BRINGS BUILDING, TELEPÜONEST 20015 BTO28011

GETA ROAD, JUSTEESTADIUS PAINO

AMERICAN PRESIDENT LINES

Then

S.S. PRESIDENT WILSON

will sail on

In Cotton

Effect Of Peking's Ban JARDINE, MATHESON & CO., LTD.

On Jap

Economy Uncertainty In

Washington, Dec. 18. New York. Dec, 18.

The United States has spent more than Bulls in the cotton market grasped control of the situation $125,000,000 in Japan, in procurement for the pushing prices up to the highest: level in nearly three weeks, American armed forces since the Korean war Nearby March came within broke out a financial boon which was not fore- the 43 cents level.

All this procurement, including both The failure of the President's | secn.

address and radio

emergency materials and labour, has been paid for in dollars. proclamation to spell out Just what to expect on price controls, This was disclosed today by American officials brought fresh wage of specu- in the discussion of the possible effect on the and other trade buying.

ing. The Japanese economy of China's reported decision to Inflationary sentiment generated ban all exports to Japan and the United States.

lative commission

house, mill

by vast defence spending pro- gramme ahead and the tight situation, on raw cotton supply caused some of last week's la'e sellera to reinstate their posl- tions.

HONGKONG

SHARE MARKET

meant

Coming on the heels of what is in efect American prohibi- tion of trade in the other direc- tlon, Peking's action that Japan's commerce

with the Red-held mainland'

was However. completely frozen, officials doubted that this would have any perlous effect on the Japanese economy within the foreseeable future.

were no plans

Other background fafluentes on the upside included strength In the stock market

plus the re-emphasising ot a gigantic and unfixed call sales position of over 030,000 in March de- livery and the

expectation of multiplylog Government orders The volume of business on for textiles.

the Stock Exchange this morn-economic and noon Congress

So far, there

to Increase the amount of

The Government's Novembering was valued at $50,250. The which the Army

rehabilitation funds

will ask the

to appropriate :for during the next scal year,

As a matter of fact, accord- to officials here, Japan's dollar balance position at the end of this fiscal year in June will probably

raw cotton consumption report half day's business scheduled for publication on closing prices were as follows: use is Japan

is also expected SBARES BUYERS SELLERS SALES Tuesday make a bullish showing.

The question before the trade now is the question of a price ce the

Some quarters kept har

hope that

any Hmlt- ations will come through cellings on prices of finished goods simi- lar to the pattern

followed in World War 1. At that time. ceilings forr dry goods were on

Lo

11

DANICS

HK Bank INSURANCES

Union

SHIPPING

Arin Nav ... 855c NOCKR, ETC. K, Whart Binek

1214 Wheelock. 20 XD LAND, ETC.

1315

15 a 625 334023

00

MK Land

43

Shai Land

1.10

But

UTILITIES

Trotm

Star Ferry

a flexible basis to allow for

changes in

in raw material. pointed out skeptics pointed that during that period the country had n big surplus of raw cotton,

The market opened up 3 to 13 points and thereafter kept on an Irregular upgrade to close around the best levels and up 34 02 points on the day. Prices closed today as follows:-

May

Spot

March (1081)

July

October

December

March (1932) May

44.10 47.90 42.40-42.50 42.03-42.05 30.0 38.54

NEW ORLEANS MARKET

Spot

WEDNESDAY, December 20, at Midnight March (1991)

for HONOLULU and SAN FRANCISCO

via Kobe and Yokohama.

Passengers are requested to board the vessel on Wednesday, December 20, between 8 and 10-p.m.

Baggage-room and Hold baggage will be received in Godown No. 50 of the Hongkong & Kowloon Wharf & Godown Co., Ltd., entrance through Gate No. 2, Canton Road, Kowloon, on Tuesday, December 19, from 9 a.Ta. to noon and from 2 p.m. to 5 p.m.

July

October December March (1052) May

39,25

30.00 bld -United Press.

Closing rate

Dec. 18 42.03

42,30-42.40

41.00

31.88

30.10 bid

Light (0) (XD Electric INDUSTRIALS

Cement

00

2014

2014

Scramble For

Rail Bonds

New York. Dec. 18.

been expected.

The main

effect

of

London Market

London, Dec. 18, Trading on the London Stock Exeliange was re- stricted today by under- tainty

Over

inter- the national situation.

Price

movements wero Irregular

with goli edred Isaacs lower and industrials occasionally firmer, Thero was support for companies considered likely to suffer Jess thon others from shortages

or raw materials. Gorman and Japaneso bonds were dull and min- Ings were mainly 'easier on small cales.

་

The Financial Times' Index: 114.9 Associated Trets.

Wall Street

Registers Strong Gains

New York, Dec, 10. Stocks chalked up strong gains be better than has for the sccond successive session in one of the most the active

trading

since Bessions Chinese "freeze" would be re- 1939, with ickers running flected instead, they thoughi, late through most of the in non-availability

or scarcity morning and for a few minutes of certain commodities needed in the afternoon. to keep Japan's production at its current rate,

of

for

The volume totalled 4,400,000 BARTER TRADING

shares, the most since the 4,800.- Japan has been

000 shares sold on June 27, buying $40,000,000 to

which in turn was the heaviest $50,000,000 worth

goods and mate- since September 5, 1939 when rials from China annually

World War II began. War babies paying

them

the featured throughout in other were commodities on the system

day. Aircrafts and rails stepped balanced trade accounts, which to the fore at the opening bell, is cosc

from essentially a barter arrange- but when both moved ment.

their highs in the afternoon, olis A vigorous scramble for rail- road bonds developed today in

During the first

six months assumed the leadership. one of the fastest trading ses- $23,000,000

of this year Japan received

The industrials average, spurt- worth of imports sions of the year.

ing moro than six points from Red Investors. looking to the mo- principally of coal, salt, cover where it

China consisting two days, has reached a point bilisation programme to push

may challenge its rallrond freight

and peanuts. earnings and

In

celling since 1930. revenues to a new

turn, Communist China all-tinie

receiv- ed back during

the first half of t

Values gained $2,250,000.000 of the year

only $5,500,000 since the President's speech. The and medium grade worth of Japanese goods, In-current rally, according to Wall

42 83-42.85 high, eagerly bid prices

30.42-33.43

37.01 bla

United Press.

Metals In NY

New York, Dec. 18. Prices in the metal market here closed today unchanged with the following exceptions:-

Tin, Grade A (98.80 per cent; or higher) New York, per lb. 140-United Press.

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: Isbrandtsen

INDEPENDENT

DEPENDABLE

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

DUE FROM:

S.S. "SIR JOHN FRANKLIN" Masila

S.S. "FLYING CLOUD"

SAILS FOR:

New York via Puthan, Tsingtao, Taku Bar, 1st Kobe, Nagoya, Yokohama, week of Jan. San Francisco, Los Angeles, Now York, Baltimore, Philadelphia, Boston

via Panama Canal. 1st week of January.

New York yia Tsingtao, Taku Bar, Kobe, Manila lat Nagoya, Yokohama, Вал week of Jan. Francisco, Los Angeles, New York, Baltimore, Philadelphia, Boston via Panama Canal, 18t 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:

many low issues up from fractions to nearly three points,

One of the few issues subjer- ted to any

appreciable selling Manila pressure,

Railroad Southern Lines Fours dropped 3 points to 50 50- einted Press.

beans

re-

in

cluding texities, animal and

and Street

tho circles, reflected products, vegetable

non-fer- belief that Mr Truman's talk was rous minerals and machinery, not as far reaching as many had This left Communist China expected. The reinvestment of with an untouched credit funds by many who had sold re- drawn from only in goods helped to swell the volume. $18,400,000 which could be

cently, plus short covering,

United Press.

Wheat Harvest Formosan

In Spain

Madrid, Dec. 18.

The Agriculture Minister fold Trade

the Press today that Spain's wheat harvest was, proceeding favourably, although there had been some difficulty with farmers who failed to turn in their crop quotas to the Government as required by law,

The Government had decreed extraordinary penalties for farmers who failed to turn In quotas by Dec. 15.-United Press,

Tokyo

With

Ryukyus

Naha, Okinawa, Dec. 18. Four Chinese trade officials are here from Formose negotiat ing a trade agreement with the Ryukyus.

Trade talks began on Satur day with the Chinese Nationalist

Petition delegation led by Mr Yu CH-

Tokyo, Dic, 18.

The Chamber

The

U.S. military governme commerce and industry

of Commerce Mr Carney G. Laslie, who

Dow Jones averages

at the

end of the session stood as fol-

lows:

50 industrials

231.01

20 rails

76,01

15 utilities

39.03

40 bonds

102.33

Uniter Press.

Dullness In

FREIGHT AND PABB AGE DEPARTMENTS

8 Pedder Street, Tel. 80311.

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

*.*. "CHUNGANG" KK "LOKBANG"

RK "WINGSANG" EL "HANGSANG" KR "TAKBANG".

S... "HEWBANG" *.*. "WINGBANG" 0.3. "TAKSANG"

BAILINGS TO

Tientsin

Kobe, Osaka, Nagoya & Yokohama

Keoug Bandakan

Straita & Calcutta

ARRIVALO FROM

Japan

Klejung

Tiantain

Noon

20th Das.

Noon 21st Dec.

-24th Deo.

26th. Doo.

20th Doc.

20th Doc. 20th Deo. !

24th Deo.

MADRAS &

SEMPORNA via

Cargo accepted, on through Bills of Lading for PONDICHERRY via Singapore and for KUDAT, JESSELTON, LABUAN, TAWAU, LAHADDATU Sandakan.

::1

AUSTRALIĄ CHINA LINE LTD.

BAILINGS TO

"BALUCHISTAN"

Fremantle, Hobart, Adolaldo & Melbourne

ARRIVALS FROM

6.8. "DALUCHISTAN" Japan

GLEN LINE LTD.

13th Jan.

12th Jan.

SCHEDULED SAILINGS TO UK. AND CONTINENT

m.v. "BRECONSHIRE"

Loads 24nd December, Saile 20th Decembor, for Straits, Colombo, Aden, Buez, Port Bald, Genoa, London, Rotterdam/Amsterdam, Hamburg and Antwerp.

London Sat. February.

m.v. "GLENEARN"

Loada 6th January, 8pito

Duo

8th January for Straits, Colombo, Aden, Buez, Port Bald. 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.v. "GLENGARRY" m.v. "RADNORSHIRE"

Leave London

Balled

Duo H.K.

28th Doc.

Salled

10th Jan.

in Port

20th Jan.

INTERMEDIATE. BERVICE m.v. "FLINTSHIRE" m.V. “PEMBROKESHIRE"

Ballad

(All outward vessels accept cargo for Japan)

PRINCE LINE LTD.

ARRIVALS FROM U.S. ATLANTIO & PACIFIC PORTS

Balle N.Y. Salta 8.F. Duo H.K. m.v. "EASTERN PRINCE" ..... Balled 6th DEC. 14th Jan.

EAST COAST. CANADA & U.S.A. via SUEZ.

m.v. "EASTERN PRINCE"

Loude 14th Jan., for Wanishi, Philippines, Jave, Balgon and Slam subject to inducement, Straits, Colombo, Halifax, Boston and New York.

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

All the above subject to alteration without notice.

All Intending Passangers should rogleter their namos as far as possible in advance of the time at which they wish to leave.

The Rubber PACIFIC TRANSPORT LINES

Market

New York, Dec, 18. Dullness featured the situation and Industry on Monday peti- handling the negotiations for the in the rubber market. Trading tioned General MacArthur's Ryukyus, sald Formosa and the in futures came to a complete trade officials to intervene with Ryukyus did good business be- standstill while only a token the Union of South Africa for fore the war. We hope the amount of business materialised lower cotton and woollen finish way is found to catablish

Futur In the spot market. repl. ed goods import duties.

procal trade in many raw and closed nominally 100 to The Chamber of Commerce

semi-finished products."

points higher. A firmer under- contended South Africa had Intyres, fresh and salt fish and the strength in the securities The Ryukyus hope to sell one was largely a reflection of creased tariff rates by 10 to 50 phosphate rock to Formosa and market and a long list of other per cent last August, causing a buy cypress tea, cement

and commodity markets, virtual suspension of Japanese edible oils.-United Press. exports to that area-United Press.

Bank Quotations

In New York

New York, Dec. 18. Bank quotations:

Dank of America Chase National National City

bid asked

2816 77

Associated Press.

Exchange Rates

ARRIVALS FROM SAN FRANCISÇO

2. "PACIFIC

TRANSPORT”

.. "AMERICA TRANSPORT".

4.6. "CHINA TRANSPORT"

6. "PHILIPPINE TRANSPORT"

Balle 8.F.

Die H.K.

Balled Safted 23rd Nov.

21st Dec.

27th Doc.

29th Doc.

0th Doc.

10th Jan.

TO KOBE, NAGOYA, SHIMIDZU, YOKOHAMA,

SAN FRANCISCO, & LOS ANGELES

Bella H.K.

Dup 8.F.

19th Jan,

"PACIFIC .TRANSPORT"...... 22nd. Doo TO MANILA, CEBU, KODE, NAGOYA, SHIMIZU,

YOKOHAMA & SAN FRANCISCO ****

Salis H.K.

Due 8.F.

Prices closed today as follows:

2.3. "CHINA TRANSPORT"

29th Dec.

30th Jan.

7114 *73.00 bld

TO CEBU & LOS ANGELES

69.50 nominal

51.00 nominal

"AMERICA TRANSPORT"

Balls H.K.

27th Doo.

Dúo L.A.

22nd Jan.

Spot December

March

SUGAR IN NY

May July

New York, Dec. 18, World sugar futures, closed today unchanged to 9 higher, with sales totalling 180 con- trácia.

Contract No. 6 closed un- changed to 11 higher, with sales totalling 141 contracts.

Prices clased today us follows:

Contract No. 4 (World) Janitary (1961) 1340 nominal

5.38-5.40 traded 037 bla 1.36 0:40

Contract No, s

May July Business was done in the local unofficial exchange markot

this Spot morning at the following rates:goo Sterling note, (per £)

1538 | January (1033) U.S. dollars (per $1)

4.005 March Indonesia guilders (per 100) Bam tiénia (per 100) Singapore (Biraits) FIC' plastres (per 100)

4.30 MAY 21.50 July 1.74 Spot 10.075

1.30 nothin 1.65 nominal BUT `bid 5.70 nominal

---United Press.

Wage Increases Given Spain's Civil Service

Madrid, Dec. 18.:

The Government's Council of Ministers ended

47.00 nomināl

-United Press.

SINGAPORE MARKET

Singapore Dec. 18. Prices in the rubber futures market, here closed today as

Number 1 rubber, per th follows:

December

Number 1 rubber, January

(1851)

Number 1 'rubber, February Number 3 rubber, December Number 3 rubber, December

Number & rubber, December Spot rubber, unbaled ... Black Crepe

No. 1 pala crepe siit

alted

176-147

173-173

NOTICE TO CONSIGNEES

m/r “CYCLOPX"

“Damaged cargo ́er this-wasoch - will be Burygyed" "fantry" Wharf be tween 10 2.m. and noon on Decem ber 20 anti 13, 1920, and consignees are requested to; have "thair ›zupres mexitatives/prosent during tha mir-

BUTTERFIELD & BWIRE, Aganie Hongkong, “Mbi” December, '1960,"

a two-day session today by adopting a number of |NOTICE.AND. CONSIGNEES decrees, including one providing a general wage

A.P. PATTISON & CO., INC. increase for Government employees.

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

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

CHINESE AGENTS:

OVERSEA CHINESE STEAMSHIP

48 Bonham Strand West, 1st Floor.

Tel: 25840

Wago rises will range from A. 1,000,000-pereta fine, was 20 to 10 porcent and employees imposet on a flour mill and will receive ather benefits, suppllch and other equipment notably bonus. Permanent Christmas ordered stized.

Imposed

ני

The Council also

CONSIGNEED

BABDER LANE... MN. *TALLAYBAND”

are hereby notified that cargo load- ́ed at Allantið Const-Phyfa' has been ended at Los Anguish, under in fictions from the illa Govern yment. "whore 19 remains at. the rÜK

a disclosed that two heavy fines on industrial Ministers a report on the Inter- and expense of cargo south

deneralissimo Franco" gave the firms for tax law violations.

The Holding Company of national situation.

CO.,

LTD.

| Solla was,fined 2,090,000 pereina No decisions were, reported

Tels: 20127 & 81119.

and ordered to perro insoutap, to have been taken in the nola

BODWELL-

Ageh

turing fertiliser in flame of foreign relations, Unked Hongkong, 15th Deceishar, 1900.

any. Port In Amerloan Ports.

Through billa of fading Issued to

South North America a to

JARDINE, MATHESON & CO., LTD.

18 Pedder Street

WATERMAN

Tel: 80811

STEAMSHIP CORPORATION

MOBILE ALA UŠA

WATERMAN LINE EXPRESS FREIGHT SERVICE...

FROM US. ATLANTIC COAST VIA JAPAN "LAFAYETTE".

‚'a. "WAR HAWI”

Tho about

DIRECT FOR

iu

Tint Dood 195

28th Doc. 1950

NEW YORK, BALTIMORE & PHILADELPHIA VIA JAPAN & HONOLULU.

«'«. "LAFAYETTE”-- KĀM, “WAR HAWK"//

Balls about

22nd Den; 1950 20th Dec 1959

ALSO ACCEPTING TRANSHIPMENT CARGO FOR

GULF PORTS CAT

WALLEM "Co. LTD.

Agents

Hongkong & Shanghai Bank Building wind

Telephones-88041--5.