1950-12-21 — Page 11

R. I. L.

ROYAL

INTEROCEAN

• SINGAPORE (AVA

PORTS and

MACASSAR

*VAN HEUTZ”

"NIEUW HOLLAND"

"THSADANE”

"TASMAN” •

"TJITJALENGKA"

ARRIVALS.

Port

23rd Dec..

22nd Deo,

.24th Deo.

8th Jan. 'BI

LINES

Only to Singapore, Penang & B. Dell.

• MANILA, EAST & SOUTH AFRICA and

SOUTH AMERICA

"BUY"

"BOISSEVAIN"

"TJIPANAS"

"TJIBADAK"

→ JAPAN

"RUYS"

"TJIPANAS"

"BOISSEVAIN"

ARRIVALS

22nd Dec.

. 19th Jan, '1 .25th Jan. '51 1st Feb. '51

ARRIVALS

6th Jan. '51 12th Feb. '51 7th Mar. 'B

SAILINGS 21st Doo

26th Deo.

1st Jan, 51

8th Jan, '1

SAILINGS

8th Jan, '81- 9th Nar, '51 14th Feb. '51

SAILINGS 25th Deg.

- 28th Jan. 'BI

21st Jan, '1

Agents: HOLLAND EAST ASIA LINE

EUROPE via MANILA

and MALAYA

"LANGLEESCOT" ‡

"MANIEKERK"

ARRIVALS

...Mid Jan, '1

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

"MELISKERK"

Through Bs/L fomed to

Mediterranean and Northern Когород Porta

• JAPAN

+ not calling at Manila

ARRIVALS

22nd Deo.

"LANGLESSCOT"

"MARIEKEEK"

"MELISKERF“

THE CHINA MAIL, THURSDAY, DECEMBER 21, 1950.

Pandemonium Union Officials On Cotton On Cotton Demand US Price Market

New York, Dec. 20. Pandemonium broke loose

& Rent Controls

in the cotton market right. after a steady opening.

Washington, Dec. 20.

Top union officials told President Truman to- Prices raced up and down day that food prices and rents must be controlled over a range of nearly $8 a bale effectively before any move is made to štábilise in old crop months as traders

tried to fathom, the effects of the wages. Government's request for voluntary price freezo at the

Downward Trend In Grain Market

price

Chicago, Dec. 20, Grain prices steadied after a. rocky, opening. The market was plagued by the threat of pending control measures and encountered limited hedge sell. in and a few realising cales. Soybeans and rye futures led the general downward trend and

prices

were off 3 to more orn closed lower in

ryo 1% lower to 2 higher, and soybeans % to 1% lower.

These officials said compensatory wage in-before allles brought the market Dec. 1 level. Traders described creases must be permitted as long as food prices than conts.

exchi e allons between and rents are subject to sharp and drastic

the

Fluctuations

The sales ranged up to 20 points.

11

JARDINE, MATHESON & CO.,LTD.

FREIGHT AND PABBAGE DEPARTMENTS 10 Padder.Street, Tel. 30311.

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

6. "LOKBANG"

10. "WINGBANG" 6.5. "HANGBANG”

... "TAKOANG" 6.9. "EBANG"

2.5. "TAKBANG"

* "WINGBANG".

increases, because these two items together repre oats were 1% lower to

Ķ

0.8. "ESANG"

Cause of the confusion was sent 63 percent of the average family's living. Prices closed today as follows:

be

Furthermore, they said, woge)

must not become stabilisation

wage freezing.

the inability of traders to decide whether the pric

price free

freeze request costs. applied directly to raw cotton or on manufactured cotton goods. The action came unexpectedly since traders had come to the conclusion after Mr Truman's message last week that the price celling night possibly for 30 days more, an organisation created to after a 40-minute conference enforce the mandatory controls, with President Truman, also:

The market opened unchanged (1) Called for an indepen- board to up 20 points. It weakened dent wage stabilisation immediately, dropping 103 to whose decisions would not be

to 135 points, then rallied Irregu- mihjeet

review by the larly to close 42 lower to 40 Economic Stabilisation Agency; higher. Now crop months

Gover (2) demanded that showed relative firmness finally, ment policy recognise existing Prices closed today as follows: collective bargaining agree- Spot

43.72

cost ments which contain

of March

42.59-42.07

living escalator clauses, or face 42.20-47.23 41.80-41.82

the threat of Industrial unit- 39.40

The union chieft, headed by CIO President Philip Murray and AFL President iVillEm

postpone Greene, in a statement issued

Mny

July

39.20-30.25

39.20

38.76 nominal -United Preza

October

December

SAILINGS

March (1052) May

7th Jan. '81

9th Feb. '51

Mid Jan. '81

Spat

Atarch (1951)

47.30-42.31

May

July

41.63

October

39.35

30,04

EEKINGS BUILDING ZTMETRONIS=9016210280122

AMERICAN PRESIDENT LINES

The Global floe

ST. GEORGE'S BLDG.

TO HONOLULU AND SAN FRANCISCO PRESIDENT CLEVELAND PRESIDENT WILBON

PHONE 2#172/5.

Arr, Jan. 1J

Arr. Feb. Z

vis JAPAN

Balls Jan. 14 Sails Feb. 3

TO SAN FRANCISCO AND LOS ANGELES PRESIDENT BARRISON

vis JAPAN

Arr. Deo. 29

Balls Dos. 30

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

MARINE SNAPPER....

Arr.-Jan. I Balls Jan

6

ROUND-THE-WORLD

Via Manila, Singapore, Colombo, Cockin, Bombay. Karachi, Suez, -Port Sald, Alexandria, Naples, Martellles, Genon, New York & Boston.

Art. Dec. 24 Balls Dec. 23

"PRESIDENT BUCHANAN"

NEW ORLEANS MARKET

Closing rate

Dec. 20 42.85

ness;

Wall Street Meets Seller

Resistance

Shant-price per bushel.

Бро

December

March (1001)

May July

- Corn

Spot

December March (1081)

May

July

Rya

December

May (1051)

Oate

December

March (1051)

BAILINGS

TO

Kobe, Osaka, Nagoya & Yokohama

Kodung

Gandakan

Straits & Galbutta

Japan

ARRIVALS FROM

Noon

21st Dec.

24th Dec.

28th Dec,

31st Dec.

3rd Jan.

Tientoin

27th Doo.

Kaaluro

30th Doc.

Calcutta & Singapore .......

31st Dec.

Cargo accepted on through Dilla of Lading for MADRAS & PONDICHERRY via Singapore and for KUDAT, JEBBELTON, LABUAN Bandakan.

& BEMPORNA vis

TAWAU,

LAHADDATU

AUSTRALIA CHINA LINE LTD.

2.41

2.47

2,43-34-2,46 · 22:40-34-74

1.74-7% 1.71-1.71-16 170-4-12

6. "BALUCHISTAN"

m.v. "HINDUSTAN"

15-36

03 asked.

NEW YORK FLOUR-per 200 lb.

sack. $13.20.

United Press.

QUIET IN

NY

RUBBER

MARKET

New York, Dec. 20. The stock market managed to carry is current rally through four straight scalons today after a sharp

encounter with selling forces.

Only

n feeble rally in late trading prevented the market from Upping downward for the first time since Freddent Tru- EFFECTIVE BARRIER

nation on nn put the (3) urged prompt amend-man

Produc- emergency mobiilration basis, ment of the Defence

Confusion over the voluntary tion of 1950, so that food prices

bo controlled price freeze and now, war ten- and renta mny effectively. The union officials sion brought sellers out in full

New York, Dec. 20. said the Act, which authorises force and the result was a serum-

Rubber futures closed today 42.03-4207 price

provide ble of gains and losses ranging controls, docs fot

han-from a few cents to around $1.50 changed to 50 points higher rent controls which are

con troia

with sales totalling 27 contracts. dled in separate legislation, a share

Activity remained on the quiet Transfers wet 3,500,000, and permits food price

side in both futures and the creasca,

They said the present Among

gainers were spot market while the trade prohibitions upon

control

of General Cablo, Northern Pacile awaited

Washington develop- food prices and rents are an and Ohio, Budd Company, J.. Iments on import and other con, New York, Dec. 20.

effective barrier to any sys-Case, Zenith Radio, Warner trols.

The pre-holiday "spirit" Sellers in the cotton gray tem of price or wage controls, Petroleum, Transworld Airlines. helped to curtail interest, gooda trade maintained a with and an elimination of

Stumblers included American Prices closed lodny ns fol- drawn position in face of heavy prohibitions is a preliminary to Wooller, Caterpillar Tractor, lows:- inquiry for practically all con-any workable stabilisation ac-United Aircraft.

tlon. structions.-Ünited Press

Dow Jones averages: The officials did not reveal Mr Stocks Truman's reaction to their pro- 20 Industrials posals, but sold they were 15 Rails

December

March (1952)

May

13,90 bid

30.00 bid United Press.

GRAY GOODS

these

NOTICE TO CONSIGNEES issuing their statement with the 10 Uulities

CONSIGNEES PER

BARBER LINE

Mir

m.v. "TALLEYRAND" are hereby notified that cargo load ed at Atlantic Const Ports has been under in- landed at Los Angoles structions from the U.S. Govern- ment where it remains at the risk and expence of cargo,

DODWELL & CO., LTD. Agents.

Hongkang, 15th December, 1050.

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

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 stem 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 anll 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 Now York, Baltimore ·

and Philadelphia via San Francisco or Los Angelos

S.S, “SIR JOHN FRANKLIN”

S.S. "FLYING CLOUD”

DUE FROM:

SAILS FOR:

New York via Fushan, Tsingtao, Taku. Bar, Maniiq” 1st : Kobe, Nagoya, Yokohama, ¡weblź" of Jan:" San Francisce, Los Angeles; New York, Baltimore, Phijackiphin, Baston: via Panama Canal, Let week of January New York wia Tsingtao, Taku Bar, Kobe

1st, Nagorn,

Yokohama, Ban Francisco, Los Angeles, New York, Baltimore, Philadelphis, Boston via Panama Canal. Ift week of 'January.

Dpmklu wreck #t

(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.

President's permission.

The union-chiefs met with Truman 13 the Wage Stabilisation Board opened a hearing with union and manage- ment representatives of the au- tomobile industry to work al problems stemming from the price rollback ordered for that industry-United

RENT CONS

Washington, Dec. 20. President

Truman

today signed legislation extending rent controls to March 31 next.

tho

ARRIVALS FROM

m.v. "EASTERN SAGA"

Manus and Las (both subject to inducement) thenco Brisbane, Sydney, Melbourne & Hobart.

13th Jan.

22nd Jan.

1st Fab.

Japan

Japan

12th Jane 21st Jan.

Austrailan Ports

28th Jan.

BAILINGS TO

"BALUCHISTAN">

Fremantle, Hobart, Adelaide & Melbourne

m.v. "HINDUSTAN"

m.v. "EASTERN SAGA"

Yokkalohi, Nagoya, Koba & Yokohama

GLEN LINE LTD.

m.v. "DRECONSHIRE"

m.v. "GLENEARN"

Loads at Holt's Wharf 24th December, Balle December, for Straits, Colombo, Adon, Bald, Genoa, London, Rotterdam/Amsterdam, burg and Antwerp. Dus London 1st. February. Loads 6th January, saila 8th

January for. Stralis, Colombo, Aden, Suez, Port Bald, London, Antwerp, Rotterdam/Amsterdam, Hamburg. Due London 14th

Buck,

20th port

Ham-

SCHEDULED SAILINGS TO U.E. AND CONTINENT

February,

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

LJAVO London.

Balled Sailed

INTERMEDIATE BERVICE

Dye H.K.

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

28th Dec.

10th Jan.

Prices closed today as follows:--- Spot 85.80 December

37.00 bid March (1051) 231.20 May 77.74 July 30.07

71

54.00 traded 60,00 bid

m.v. "FLINTSHIRE" m.v. "PEMBROKESHIRE"

In Port

Balled

20th Jan.

cargo for Japan)

Associated Press.

HONGKONG

SHARE MARKET

+

The volume of business on the Stock Exchange this morning was valued at $70,120. The half The 90-day extension was day's business and noon closing voled by Congress at his TC-

prices were as followe quest to give the

incoming BARES BUYERS SELLERS SALES Congress time to review the BANKS national housing pleture in the light of changed conditions created by the defence emer

gency.

INSURANCES

HK Bank.. 1200 1240

DOCKS, ETC. 600 430

X Wharf. Dock,....... 1314 S'hal Dock

Without the

stop-gap.exten- slon rent controls would have Wheelock... ended on Dec. 31 except in. LAND, ETC. communities taking special nc-UTILITIES

9'hal Land tion to retain them until June C. Light (0) 30.-Reuter.

Electric INDUSTTUATS

Cement

US ACTION. AGAINST HOARDERS

Washington, Dec, 20, The National Production Administration nasred Con- gress today it will get after the business Arm, hoarding scarce metals, "mak

ther disgorge what they

Commerce Secretary Charles

DO

20

13-

22534

2012

MISCELLANEOUS

Vibro

American Trade

With Spain

Madrid, Dec, 20. Foreign Commerce officials on Tursday sold that the United Staten will continue to be.Spain's major trading partner in both imports and experts.

In a report on the month of September officials said that the

United States send Spain: 12,- 900,000 pesos worth of goods and Imported from Spain 8,400,000. England, Egypt and In order of followed

47.00 bid

United Press.

LONDON MARKET

London, Dec. 20.

Prices in the rubber · futures market hero closed today follows:-

No. 1 rubber (in cents

52-53 BU-JE-BI 39-14-50

per lb.)

February

March

April/June

July/September October/December

قلة

45-93-40-32 42 nominat

39 nominal

United Press.

·S'PORE MARKET

Singapore, Dee, 20.. Prices in the rubber futures market here closed today follows:-

Number 1 rubber, per ib.

December

January (1851) February

Number 2 rubber,

December

Number 3 rubber,

December

Number 4 rubber,

December

Spot rubber, unbaled

Ilack crepe

No. 1 pals crepe

SU

172-174 167-160

102-103

137-100

162-103

153-154

170-180

132-134

103-192

United PreOS.

London Tin

Market

London, Dec 20. Prices of spot tin fell some- what from Tucoday's record level at today's morning session, Turnover was 80 tons, including 20 tons for spot. Prices closed today at the end of the official morning session as follows: Spot Un, buyers

1.270 Spot dia, pellers

1275 Business done at ***** 1200-1,270 Three-months tin, buyers 1,115 Three-months tin, soliera 1320

1,120-1,115 *1270 United Press.

Businas done at

Settlement

Sawyer thought it was a mi volume to Spain and Western New York Sugar

to say a tremendous amount of hoarding was going Germany, France and England.

business

Arms WerO

000

MAN

8.40 nominal.

World sugar futures NO. 4 closed 3 to 8 lower. January

March

May

July

runners-up on, but some

in imports

New York, Dec. 20, from Spain. In overall were hoarding excessive in-trade during September, 18,400, Domestic sugar futures No. P. ventories,

pesetas worth goods were closed 7 to 8 lower, William H Harrison, NPA imported and 84,300,000. Desatas Merch

-809 bid Administrator," said NPA had worth of goods exported. These July Issued orders regarding inven- compared respectively with September

„„Q-73. nomzinal' tories of steel, copper, zinc and September 1949 totals of 95,700, other materials, but the full 000 and 85,300,000. ---- United effect would not borealised

Sed Prez until the first quarter of next Ho conseded there had been a serious dislocation in supplies during the past few roonths,

Under the Defirion Produc tion. Act, NPA can control in- ventories Persons found guilty of violating its regulations are subject to a $10,000 fino and a year in prison. — „Associated

Stockpiling Of Silver

London, Dec, 20. The continued European stock- ailing of silver bullion was nasin a tonturn of the bullion market in November.

The United Kingdort trade returns for that month showed total exports of állver bullion:

· GENERAL AGENTS CHINA, FORMOSA, KOREA, JAPAN AND HONGKONG.mounting to 1.880.000 fins

12-14 Queen's Road Control 4th Floor,

CHINESE AGENTS--

"Tel: 26840

OVERSEA CHINESE STEAMSHIP CO. LTD.

ounces About -1,309,000 went

SYRIA-LEBANON ACREEMENT

Beirut, Dec. 20.

› Syria and the Lebanon have agreed to a free exchange of agricultural products: from, to- day.

Raw suger - IDOL

bas.bla 6.3t notion. -Associated Pres

New York Motals

This is the first such agroc

New York, Dec. 20. Prices In the metal market ment between the two countries here closed today unchanged sinoo Byria denounced the Cus-with the following exceptiongi toms Union with the Lebanon Tin, Grade A (0.50 Inst“-April.

Negotiations for extending the agreement to other commodities are to start on Jen, à Routers /

pår cent or higher)" Now York, per, ib. tis. Platinum (soft, was t per cent fine) per

ounce

---United Pi

Exchange Rates NY EXCHANGES

local Dunkines was dono, in the uncial exchange meds THE morning at the followiúp gaisajika Sistine note, aver, fillaAJAN MERAS dollares para 1915 Indonesinyliders (per duoj Sin Caliber 194) PA.. aing@pore::(8 kata);

ofmatrem (zer:100).

to European Industrial countries with no obvious interest 10 anys de modelary, use for.

the

metal

19 An exception amight be made

for the Netherlands, which ilgok maricet 414,000 Bundan Sweden Katonic

|#2#000:ands VanP817,000-1955

New York, Dec. 2014 Cloning-foreign exchange

Canada

Belgium

Argentina,

Other unchang

NY Bank

(All outward vessels accept

PRINCE, LINE LTD.

ARRIVALS FROM U.S. ATLANTIC & PACIFIC PORTS

Balla N.Y, Salls B.F. Duo H.K.

galled

6th Dec. 14th Jan. EAST COAST, CANADA & U.S.Ă. via SUEZ

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

m.v. "EASTERN PRINCE"

Loade 14th Jan, for Wanlaht, Philippines, Java, Gaigon and Blam subject to inducement, 8tralto, Colombo, Halifax, Boston and New York,

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

All the above subject to alteration without notice. All intending Passengers 'should

register: ✅ their names as far as possible in advance of the time at which they wlan to Idavo. **

PACIFIC TRANSPORT LINES

ARRIVALS FROM SAN FRANCISCO.

"PACIFIC TRANSPORT:

[ Balls B.F. ́ Duo H.K. Sallad - 21st· Deo.

TO KOBE, NAGOYA, SHIMIDZU, YOKOHAMA,

SAN FRANCISCO, & LOS ANGELES

Balls H.K.

LL "PACIFIC

TRANSPORT? !!..

22nd Deo

Duo B.F. 18th Jan.

Through. billa of lading issued to any Port, In North America & to South American Ports.

JARDINE, MATHESON & CO. LTD. 18 Pedder Street

Tel: 80811

STEAMSHIPAL CORPORATION

MOB

WATERMAN LINE EXPRESS FREIGHT SERVICE

FROM US. ATLANTIC COAST VIA JAPAN

Dao about

“WAR HAWE"

22nd Doc, 1850

27th Dec. 1930

DIRECT FOR NEW YORK, BALTIMORE & PHILADELPHIA

JAPAN & HONOLULU,

"LAFAYETTE"? ! "WAR. HAWKS” ·

Salle" abdus: „V., dara Den, 1950-

29th Deo. 1939

SO ACCEPTING TRANSHIPMENT CARGO FÓR

GULF PORTS. ALLEM & CO

LTD.