1950-12-20 — Page 11

THE CHINA MAIL, WEDNESDAY, DECEMBER 20, 1950.

11

CO.,LTD

Cotton Price Price Control Warning JARDINE, MATHESON & CO., LTD.

American Business.

RIL On Stranger R.I.

ROYAL

INTEROCEAN LINES

SINGAPORE JAVA

PORTS and

ARRIVALS

MACASSAR

"VAN HEUTZ" •

.fn.

"NIEUW HOLLAND**

22

Port

Dec.

"TJISADANE”

22nd Dro.

"TASMAN"

.24th Dec.

"TJITJALENGKA"

6th Jan, '1

MANILA, EAST &

Only to Singapore, l'enang & B. Deli.

SOUTH AFRICA and

· SOUTH AMERICA

"RUYS"

"BOISSEVAIN"

"THPANAS"

TJIBADAK"

• JAPAN

"RUYS"

"TJIPANAS"

"BOISSEVAIN"

ARRIVALS

22nd Dec.

19th Jan, "GE 25th J.m. 151 1st Feb. '51

ARRIVALS

0th Jan, '1 12th Feb. '51 7th Mar. '51

SAILINGS

21st Dec.

26th Dec.

1st Jan. 63 8th Jan '1

SAILINGS

8th Jan, '1 9th Mar, '61

Ground

New York, Dec. 19.

Cotton futures faltered after

a strong stort but stil managed

to close in higher ground for

the fth day in a row.

UX-

To

Washington, Dec. 19.

Price Chief Michael Disalle told business and industry today to roll back prices voluntarily to

Boom Buying

the Dec. 1 levels and in some cases to pre-Korean Continues On

war levels or face mandatory controls.

|

coatings of tla and other vices which will stretch supply,—Associated Press,

Stock Market

a new

New York, Dec. 19. Stock prices hit 20-year high again todny de-in lively trading. It was

the

The markot took on more of

Mr Disalle said that in general price increases In two-sided appearance in late afternoon. New crop positions above the Dec. 1 levels will not be permitted to a maintained a strong undertone

manufacturer whose net profits before taxes are entering new Beasonn! after highs. Increased technical equal to or above his average profits in the 1946-49 realising and hedge

selling period. sharply reduced the margin of gain in old crop months. The

In distribution trade, both reasoning

among market

and retail, the gross wholesale perts was that the intra-month margina-mark-up above cost price differential may continue may not be increased above the to level off, anticipating even-June, 1050, levels if the dis- hal posible price ceiling re- tributor's net profit before taxes 14th Feb. '51gulations. Nearby March des equal to

or bigger than his livery hit & helght of 43.34.

| 1946-49 average. On the reaction, traders re- called the recent discussion in- Mr Disalle set those general dicating that if any celling price ceilings as "fair standards" on action is decided it might be which he will try

to maintain around 41 cents a pound, since the voluntary price control that is about the average price system over most of the United received by farmers for market- States economy as long an pos- Ings during the mid-November sible. period.

SAILINGS

24th Dec,

28th Jan, 51 21st Jan '51

Agents: HOLLAND EAST ASIA LINE

EUROPE via MANILA

and MALAYA

"LANGLEESCOT" +

"MARIEKERK"

*MELISKERK”

Through B/L loaded to

Mediterranean and Northern European Ports.

JAPAN

"LANGLESSCOT"

UMANIEKEEK"

"MELISKERK"

ARRIVALS

6th Jan. '61 In Port Mid Jan. '51

not calling at Manila

ARRIVALS

22nd Deo.

7th Jan, 51

9th Feb. '51

SAILINGS

24th Dec. 11th Jan 51 10th Feb. '51

SAILINGS

21st Dec. Mid

Earlier the market showed some strength based on lessening fears of immediate price cell ing action. The Census Bureau's on November con- report sumplion was a bullish surprise,

FORD'S COMMENDED

relief

the third straight session of boom buying since Presi- dent Harry Truman put the nation, and especially its industrics, on an emergency mobilisation status.

Washington, Dec. 19. The Economic Stabilisation Agency (EBA) commended the Ford Motor Company today for

Gains ranged from fractions compliance with the auto price! freeze. I pledged that Ford and

As In other firms will be covered by to around 3% points.

DX previous sessions, rais, auto- any

granted General motive and steel shares, with Motors Corporation.

other selected stocks, led the ESA

risc. Valentine announced that Ford has advised ESA has rescinded He warned that mandatory

and shares. controls will

imposed its announced price boosts be

of volun- will refund to dealers the in- wherever violations tary ceilings make such action creased charges on cars still in tccessary.

The co-operation of business The market closed up one to 50 and industry will largely deter- points,

Prices closed today as fol-mine the future need for forced

lows:-

Spot

March (1551) May

July

October

44.10

43.00-43.00

42.62

42,20

30.33

Jan. '51

December

30.04

March (1932)

39.74

nominal

May

30.40 NEW ORLEANS MARKET

Closing rate Dec. 19.

43.00

KING'S BUILDING, ATELEIRONES 1980S, TO BRO17

SECUISINETAGENTSR IN CONNAR

CUMSAN. Spot

AMERICAN PRESIDENT LINES

The Glob

ST. GEORGE'S BLDG.

TO HONOLULU AND BAN FRANCISCO PRESIDENT

*PRESIDENT

WILSON

CLEVELAND

PHONE 28172/5.

in Port.

Arr. Jan. 12

via JAPAN

Balls Dec. 20 Balls Jan. 13

Arr. Dec. 29

via JAPAN

Baila Dec, 30

TO SAN FRANCISCO AND LOS ANGELES PRESIDENT BARRISON

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

MARINE SNAPPER

Arr, Jan. 5 Sally Jan. 6

ROUND-THE. WORLD

Vin Mania, Singapore, Colombo, Cochin, Bombay, Karachi. Suez, Port Said. Alexandria, Naples, Marseilles, Genoa, New York & Boston. "TRESIDENT BUCHANAN”

Arr. Dec. 24 Salla Dec. 25

March (1951)

May

July

October

December

March (1932)

May

42.00-12.00

39.23

control.

While these standards аге at this time, more appropriate severe standards may be peces- sary later.

be

The Economic Standardising Agency which draw up stan- dards served notice that any official

compulsory controls hereafter imposed will calculated on the base period 42.83-42.30 | ending not later than Dec. 1. 42,40

No seller will be permitted any advantage under the regu- lations from price increases made after that date. Prices of gert certain basic materials which increased between June 24 and Dec. I will be rolled back in accordance with the new "fair standards," after which it is necessary to maintain the Dec. price levels in products made from those materials.United

30.09

30.00 bid 30.44 bld

United ProKS,

Offers Of Copra

New York, Dec 19. Sellers offered copra for near by shipment at $225 per ton. C.I.F. the Pacific Const, up $5. indifferent. In Buyers

were

shipment cocoanut oil, nearby TYLS offered at 171⁄2 cent a United pound, F.O.B. mills. Fress.

New York Metals

New York, Dec. 18. Prices in the metal market here closed today unchanged with the following exceptions:-- Tn. grade A 199.80 per cent or

147 hather New York, per lb,

United Press.

The wars our generation has witnessed have brought what wars have always rought-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

S.S. "SIR JOHN FRANKLIN”

ES.S. "FLYING CLOUD”

.

DUE FROM:

New York vis Manila 1nt wook of Jan.

New York via Manila 1st week of Jan.

SAILS FOR:

Pushan, Tsingtao, Taku Bar, Kobe, Nagoya, Yokohama, San Francisco, Los Angelva, New York, Baltimore, Philadelphia, Boston vta Panama Canal, 1st week of *January.

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

Press.

TRUMAN STATEMENT

Alan Administrator

their hands.

were Transfers

3,050,000

A total of 658 issues closed higher and 232 declined. "We wish to commend your

There was no doubt that the example in meeting your respon- sibilities to the country in this big influence behind the cur-

by emergency

prompt and rent series of bull markets con- patriotic compliance," Mr Valentinues to be President Harry the of how tinc wired the Ford Motor Truman's ouille Company-Associated Press.

country will mobilise to meet the grave international gency.

HONGKONG

SHARE

MARKET

The volume of business on the Stock Exchange this morning was valued at $47,725. The half day's business and noon closing prices were as follows:--

SHARES DUYERS SELLER: SALES BANKS

TIK Bank

127집 10 @ 1250 INSURANCES

Union DOCILS,

610 CLO

C

50

K. Wharf...

Dock

..... 123 Provident Washington, Dec. 10.

... 101 Shal Dock 2 315 President Truman said today LAND, ETC. that the Government will force Shal Land

UTILITIES General Motors to abide by the orders freezing the prices of its 1951 automobiles.

The Economic Stabilisation Board, he added, will tel General Motors to wipe out the recently announced increases of the prices for the 1951 modela Automobile workers will meet with

Government officials Wednesday to discuss wage-price relationships.

оп

The original order to cut back prices to the March 1 level was met by General Motors with a stoppage of sales for 1951 models of Chevrolets, Pontiacs and Cadillacs,

Tram

C. Light (0)

Electric

INDUSTRIALS

Cement STORES, ETC.

Dairy

Watson Lane Crawford

8

1.15

13

2514

200015

10%

1000

8889909

439

ឆនផ

A Quiet Day

In London

London, Dec. 18. Asked whether the Govern- The Stock Exchange droned ment planned to foree auto-through a quiet session today mobile companies to sell their with business restricted by the cars. Mr Truman sald he would approach of 'the Christmas cross that bridge when he came to it.

The law specifles that the Government cannot compel any

to sell anything.United

one Press,

F

PROPOSAL REJECTED

Washington, Dec. 10. Economic Stabilisation The Agency today

the rejected General Motors

proposal 10 end its freeze on the sale of 1051 automobiles if the Gov- ernment allows them to rein- state price increases,

A spokesman for the ESA the said the Agency's order to

to automobile industry

roll back prices on 1951 models to the December 1st levels stands. He asked, "Who is dictating the price control of oui economy-the

or this Agency?""

holiday,

Government issues were irre- gulnr. Industrials were gen-- erally maintained, Mining shares were inclined to drift lower.

emer-

The latter part of December is of rising traditionally a ilme prices in the stock market, some traders point out. The tax cell- ing of a few weeks earlier now has ended and those who were on the selling side bave started bolstering depleted portfolios.

Among gainers were Admiral, Nickel Plate, Northern Pacific, Willys Overland, Baltimore and Ohio, Mack Trucks, American Airlines.

Stumblers included Philip Morris, American Woollen, Gulf Oil, American Cyanmid.

Dow Jones Averages: 20 Industrials

15 Rails...

B.

FREIGHT AND

PA08 AGE DEPARTMENTS 10 Podder Street, Tal. 80$11.

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

"CHUNSANG"

B. "LOKSANG"

B.B. "WINGBANG" 5.D. "HANGBANG"

.. "TAKBANG"

L.B. "HEWSANG"

SAILINGS TO

Tientsin

Kobe, Ocaka, Nagoya & Yokohama

Keelung

Sandakan

Noon 20th Des.

Noon

21st Dec.

Get Dook

20th Deo.

30th Dec,

Stralto & Calcutta

ARRIVALS FROM Japan

P.M. 20th Dec.

26th Dec, 31st Dec.

Tlantsin

Calcutta & Singapore

1.3. "TAKBANG" 1.6. "ESANG"

Cargo accepted on through Bill of Lading for MADRAG PONDICHERRY vin Singapore and for KUDAT, JESSELTON, LABUAN

, TAWAU, LAHADDATU & SEMPORNA via Gandakan..

AUSTRALIA CHINA LINE LTD.

BAILINGS TO

2.5. "BALUCHISTAN"

Fremantle, Hobart, Adelalde & Molbourne

ADDIVA! 4 FROM

13th

Jan.

*.. "DALUCHISTAN" Japan

GLEN LINE LTD.

12th Jan.

SCHEDULED SAILINGS TO UK, AND CONTINENT

my. "BRECONSHIRE".

Loads 24nd December, Salla 20th December, for traits, Colombo, Aden, Buez, Part Bald, Genoa, London, Rotterdam/Amsterdam, Hamburg and Antwerp. London 1st. February.

m.v. “GLENEARN”

Loads 6th January, sails

8th

Die

Straits,

January for Colombo, Adon, Buez, Port Bald, London, Antwerp, Rotterdam/Amsterdam, Hamburg. Due London 14th

February.

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

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

m.v. "PEMBROKESHIRE"

Leave London

Sallad

Ballad

INTERMEDIATE SERVICE

Balled

Duo H.K.

. 28th Deo.

10th Jan.

20th Jan.

(All outward VoDeals accept cargo for Japan)

PRINCE LINE LTD.

ARRIVALS FROM U.S. ATLANTIC & PACIFIC PORTS

Salla N.Y. Balls 3.F. Duo H.K. Balled 6th Dec. 14th Jan.

231.54

77.30

m.v. "EASTERN PRINCE"

10 Utilities Stocks

38.00

85.61

-Associated Press.

London Tin

Market

London, Dec, 19.

Prices of tin closed today af the end of the offelal morning follows:-(Turnover session as

was 70 tons, including five tons for cash.)

Spot tin, buyers Spot tin, sellers Husinces done at Three-montha tin.

buyers Three-months tin,

sellers Business done at Settlement

1200

1,200

1,000

1.085 1.005-1,050

United Prep

LONDON RUBBER

London, Dec, 19. Prices in the rubber futured market here closed today as fol- lows:-

Japanese bonds continued. on

No. 1 rubber, (in cents an uncertain market with fur-

pur Ib.) ther falls of up to two shill- February ings.

March

Five per cent South Man- April/June

July/September churian fell that amount to 33.

October/December Financial Tunes' Index: 115.2. Associated Press,

RUBBER IN NY

New York, Dec. 19. Rubber futures closed today unchanged to 150 points lower con- with sales totalling 78 tracts Dealers said the market

Д General Motors remained thin

affair traders awaited Washington de- In making the proposal, Gen-velopments on controls.

The be spot market eral Motors said it would

ruled dull with willing to make rebates to quotations for Number 1 dealers and customers on ità averaging around 71 cents • cars If an examination', proves pound: that the price Increases were

Prices

closed today BD not juslided.-United Press,

lows:-

Spot

►

March (1951) Moo July

OUT IN TIN USE

Washington, Dec. 19. The Government today order- ed a 20 percent cut in civilian use of tin, offective Feb. i.

71

61-15-52-35 DO-50-14 40-49-1

EAST COAST, CANADA & US,A, via SUEZ

my. "EASTERN PRINCE"

Loads 14th Jan., for Wanishi, Philippines, Java, Salgon and Slam subject to inducement, traito, Colombo, Halifax, Boston and New York,

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

All the above subject to alteration without notice. All Intending Passengers should regleter their names as far as pasalblo in advance of the At which they wish tó leave.

time

PACIFIC TRANSPORT LINES

ARRIVALS FROM SAN FRANCISCO

"PACIFIC

TRANSPORT" 8.8. "AMERICA TRANSPORT"

0.9. "CHINA

e... "PHILIPPINE

TRANSPORT”.

TRANSPORT"

Balls 8.F.

Duo H.K.

Balled

21st Dao,

Balled

27th Dep.

23rd 'Nov.

29th Dec.

9th Dec.

10th Jan.

TO KOBE, NAGOYA, SHIMIDZU, YOKOHAMA, SAN FRANCISCO, & LOS ANGELES

44-34-45

41-14 nominal 30- nominał United Pr255.

E.. "PACIFIC

NOTICE TO CONSIGNÉES

m/ "CYCLOPS"

Damaged cargo ex this veszel will be surveyed at Holt's Wharf be tween 10 a.m, and noon on Decem- ber 20 and 21, 1950, and consignees are requested to have their repre sentatives present during the mir vey,

BUTTERFIELD & SWIRE, Agenta Hongkong, 19th December, 1030.

fol NOTICE TO CONSIGNEES

$4.00 bid

80.00 bid 40.50 bid

United Free.

The regulation, isnted by the will affect the production of tin shaving cans, toothpaste and cream tubes, jar and bottle; lids and other clones, and a

National Production Authority, Exchange Rates

(Transhipment cargo accepted for Jamaica, Havana and other variety of other items including

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.

Tel: 25846.

costume jewellery.

However, industry will be

thle

18.30 0.10 4.30

Buthiness we dong in the local unofficial exchange marker morning at the following rates: Sterling note (per) anaten US dollars (për $13 Indonesia guilders (por.100) Blam Virale (per 100) Bingapore (Biralts)/

CONSIGNEES PER

BARBER LINE

m.v. "TALLEYRAND"

are hereby notified that cargo load- ed at Atlantic Coast Ports has born landed at Los Angeles 'under in-

structions from the U.3. dovern ment where it remains at the risk and expense of cargo.''

DODWELL & CO., LTD. Agents.

30.50 Hongkong. 18th December, 1950.

1.740

free to use multitutes, thinner :| FIC plastras (per 100) A 10.55

Pacific Far East Live, Tue.

Fast Regular Trans-Pacific Servico

BIRLOT

SAN FRANCmco, Lon ANGELES

CHINESE AGENTS: /

OVERSEA⠀⠀ CHINESE STEAMSHIP CO., LTD. 43: Borlata Strand West, 1st Floor,

81119.

“EDWARD LUCKENBACH”?” *Y. J. KEUKENBATERIÍ. #CALIFORNIA BEAR”

From

OVERLAND

NEW YORK-CHICAGO DETROIT-TORONTO MONTREAL AND ALTAMERICAN & CANADIAN CITIES

Arrtyis

BAIL

Ban Francisco Ban. Trancisca

Deo. 13

Ben Tenzighou

Ter

TRANSPORT"

Balla H.K.

22nd Doo

Dub 8.F.

19th Jan.

TO MANILA, CEBU, KOBE, NAGOYA; SHIMIDZU,

YOKOHAMA & BAN FRANCISCO --

Salle H.K.

Due 9.F.

* "CHINA TRANSPORT"

20th Doc.

- 30th Jan.

TO CEBU & LOS ANGELES

Bali H.K.

27th Doc. "AMERICA TRANSPORT'......

Duo L.A. 22nd Jan.

Through bills of lading issued to any Port in American Parts. to Bouth North America

JARDINE, MATHESON & CO...

18 Pedder Street

WATERMAN

LTD. Tel: 80311

STEAMSHIP CORPORATION

MOBILE ALA, USA

WATERMAN LINE EXPRESS FREIGHT SERVICE

FROM US. ATLANTIC COAST VIA JAPAN

11. a. “LAFAYETTE”

„Duo about

*K "WAB HAWE".

H

M

216 Dec. 1959 28th Dec, 1950

'

·DIRECT FOR

NEW YORK, BALTIMORE & PHILADELPHIA

-VIA JAPAN & HONOLULU,"

34. "LAFAYETTE”

* L·"WAR - MAWI”

· Earð Doo, 1954

Bari Franciavo & Los Angeles Sizyempre, Djakmeta," Boschny, Wan Treichero de Los Angeles . ARENDOVE, PIkari. Delemio, Bembey, Farachi di Bang

ALSO ACCEPTING TRANSHIPMENT CARGO FOR

GULF PORTS.

WALLEM & CO. LTD.

Agents

Hongkong & Shanghat Bank-Budding