1950-12-22 — Page 11

EMT

R.I.L.

ROYAL

INTEROCEAN

• SINGAPORE JAVA

PORTS and

MACASSAR

*NIEUW HOLLAND"

"TJIBADANE”

"TASMAN"

**TJITJALENGKA“

ARRIVALS

22nd Dec, 22nd Dea

25th Dec,

LINES

8th Jan. '51

"WAN HEUTEZ” »

7th Jan. '51

• Only to Bingapore, Penang & B.

Dell.

MANILA, EAST &

SOUTH AFRICA and

́SOUTH AMERICA

-"RUYS"

"BOISSEVAIN"

"TJIPANAS"

"TJIBADAK"

- JAPAN

"RUYS"

"TJIPANAS"

"BOISSEVAIN"

ARRIVALS

22nd Dea 19th Jan, '61 25th Jan. '51 1st Feb, '51

ARRIVALS

8th Jan. '551 12th Feb. '51 7th Mar. '51

SAILINGS

27th Dec,

1st Jan, '1 8th Jan, '1 14th Jan. 51

SAILINGS

10th Jan. '51 9th Mar, '51

. 14th Feb. '51

SAILINGS 23th Dec. 28th Jan. '51 21st Jan. '51

Agonts: HOLLAND EAST ASIA LINE

• EUROPE via MANILA

and MALAYA

"LANGLEESCOT" #

"MARIEKERK”

"MELISHERK”

ARRIVALS

.Mid Jau, *51

Througb B33/L lamod to

Mediterranean and Northern European Porta.

O JAPAN

"LANGLESSCOT”

"MARIEKEET”

* not calling at Manlia

ARRIVALS

22nd Dec.

*MELISKERK“

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

SAILINGS

7th Jan '81 'Uth Feb. '51

Mid “Jan. "BI

KINGSTBUILDING, TELEPRONUNIE ZBIDDERS

Wall Street

THE

Just Avoids A Slump

New York, Dec. 21.

A sparking advance by uti- ties today kept the stock market out of a slump by a very hare row margin.

morc

Ulities were up fractions to than two points with buy- ing demand sprinkled überally

throughout the group.

Rails, on the other hand, suf- fered a seback. Other groups drifting lower included steels, motors, metals, oils, airlines and some chemicalą.

CHINA MAIL, FRIDAY, DECEMBER 22, 1950.

Economic Outlook Two-Sided

For India: Optimism Keynote

:

Calcutta, Dec. 21.

Optimism about the economic stability of India was the keynote of the address delivered by Sir Chintaman Deshmukh, the Indian Finance Minister, at the annual meeting of the Associated Chambers of Commerce.

He said, "India is at the crossroads of her destiny, and I have no doubt that she will take the television, distillers, rubbers and gold mines showed right road.

Radio

individual strength,

Transfers totalled

2,000,000

shares. Five hundred and twenty-two issues advanced and 430 declined. Among gainers were People's Gas, Houston Light and Power, Niagara, Consolidated Mohawk Power,

HONGKONG SHARE

MARKET

Вго

Market In

NY Cotton

PRICE FREEZING SPECULATION

New York, Dec. 21. Colton futures beenme more of

a two-sided affair, but trading was quiet as brokers became more imbued with the holiday spirit.

11

JARDINE, MATHESON & CO.,LTD.

FREIGHT AND PASSAGE DEPARTMENTA 18 Peddar Street, Tel. 80311,

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

KK "WINGSANG"

"HANGGANG"

1.4. "TAKBANG" 1L "EBANG" *.*. "CHUNBANG"

* "TAKBANG" KR. "WINGBANG"

"EBANG"

Reversing Wednesday's action, old crop months moved higher," while now crop positions weak- enca. Experia looked upori the action as an adjustment fol- lowing the recent erratle Inilan eco-changes. "Surveying the nomic scene,

While on practically all hands I am heartened by the signs of stability that it was agreed that the voluntary can discern through the welter price freeaing request needed of immediate difcuties. These, clari

se, clarification, some quarters felt Sedly

in the matter of food, that it did not apply to raw cot- That button or cotton futures. serious, with careful management ther theory caused some replacement should not be insurmountable buying by the trade and specul if the people face the situation ators in mearby positions. De- with

cool heads and out ferred months felt the impact of

quidation and hedge selling. 84.76

hearts."

The EC.A. overnight announ- 230.43

Sir Chintaman

Deshmukh.1 ced The volume of business on

a new cotton purchase credit replying to an ad- of $300,000 to French North who was 77.35 the Stock Exchange this mor- dress

of Sir Paul Benthall, Africa, Algeria will get 40,000 ning was valued at $80,100.

ident

of the Chambers, The half day's business

and

of the total, with the remain- the major

aspects of noon closing prices were as Indlan

economic policy, and der going to Morocco.

The market opened up 16 to SHARES DUYERS SELLERS GALES said: "We in the Government

have a lively realisation of the off 22 points. It closed 24 high- Importance of maintaining law closed today as follows:

er to 80 points lower. Prices and order and of creating spot economic conditions conducivo | March (1951)

Edison, Pepsicola, United Cimr. Paramount Pictures, Columbia Gas, Armour and Company.

Dow Jones Averages: Stocks

20 Industrials

15 Rails

10 Utilities

30.03

Associated Press.

NOTICE TO CONSIGNEES | follow:-

CONSIGNEES PER

DANDEN LINE

m.v. "TALLESTRAND"

are hereby notified that cargo load. ed at Allantio Coast Ports bag byen larkiet at. Loe özgeleg under in- structions from the US. Govern ment whore it remains at the riske and expense of cargo.

DODWELL & CO., LTD. Agents.

Hongkong, 15th December, 1030.

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 Isbrandtson

INDEPENDENT

DEPENDABLE

Regular Sailings from Hongkong to New York, Baltimore

and Philadelphia via San Francisco or Los Angeles

S.S. "SIR JOHN FRANKLIN”

-

S.S. “FLYING CLOUD"

DUE FROM:

New York via Manila 1st week of Jan.

New York vin Manila

1st

week of Jan.

SAILS FOR:

Pushan, Tsingtao, Taku Bar, Kobe, Nagoya, Yokohama, San Francisco, Los Angeles, New York, Baltimore, via

Philadelphia, Boston Panama Canal, 1st week of January.

Tsingtao, Talu Bar, Kobe, Nagoya, Yokohama, San Francisco, Los Angeles, New York, Baltimore, Philadelphin, 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 Contral 4th Floor.

OVERSEA

Tel: 25846

CHINESE AGENTS!

CHINESE STEAMSHIP CO., LTD.

+

Tols: 26127 & 31119.

48 Bonham. Strand West, 1st Floor.

2 FLIGHTS WEEKLY

NORTH to

TAIPEH & TOKYO MONDAYS & FRIDAYS

SOUTH 10

SINGAPORE vlá ̧ BANGKOK WEDNESDAYA A SUNDAYA.

master COACH SERVICE at reduced rates!

PACIFIC OVERSEAS AIRLINES SIAM

PENINSULA HOTKEUKOWEGORIJE "NOM ET VEC RESERIES |

DANKS

HK Bank.. 1220

INSURANCES

Union *** 000 DOCKS, ETC, K. Whart Dock .. Shal Dock.

LAND, ETC.

H

20 @ 10

ឥឧទ្ធ

13%

1000 @ 3.18

500

3.18

HK Hotel 6.10 0.50 S'hat Land, 1:15. UTILITIES

C. Light. (D) 316

.Bectric

STORES, ETC.

Dairy -、

Watson

LA Crawford

COTTONS

EWO

*.TD

1000 @ 20

Advance In

NY Rubber

New York, 21.

Rubber futures closed today unchanged to 300 points higher; with sales of 10 contracts. Prices closed today as follows: Spot December March (1951) May July

73

to inducing the production of May wealth.

July

October

Referring

to Indo-Pakistani December- trade,

trade, Sir Chintaman Deshmukh March (1052)

May said that no efforts had been lacking on their part to arrive

at adultable solution, All that

$3.05

4183 - 4234 42.41 - 42.44

4120

10.00

30.11

38.60

30.73 ***United Prefa

NEW ORLEANS MARKET

closing rate

4285

they desired was the par value March (1051) of the Pakistani rupee to be lay fixed as the result of objective | July study free from predilections,

all political October

JUTE INDUSTRY On the Jute industry, he said: "The Government is fully con- sclous of the importance of avoiding any hastily conceived measures which might adverso ly affect the to

long-term in- forests of the industry," Ho- ferring to Stale trading in. Jute hold that the Government was fully aware of the com-

2

December Biarch (1963) May

42.73-42.75 47,33 - 43.42

42.71 - 42.78

בצעת

30.83 bid

35.40

United Premi

FIXING OF

US WAGES

DEMANDED

plexities of that expedient and la manifold social and economic complications. Ho could only

Washington, Dec, 21. assure them that no action would

The Wage Stabilisation Board 18.00 traded be taken without full considera- today unanimously recommend- 81.00 traded tion of all 40.00 bid United Press. LONDON MANKET

London, Dec. 21, Prices in the rubber futures market here closed today as follows:-

81.00 traded on. He is of the ques ed that the Governinen; stabl-1

No. 1 rubber (in centa

per lb.) February

March

April/June

July/September

October/December

53 -54 0134-521

30-01

47 -474

43 nominal

405 United Press.

London Tin

Market

London, Dec. 21.

The tin price came down with

a rush this morning. Turnover was 40 tons, including Ave tons for spel.

Prices closed today at the end

of the official morning session

Spos un, buyers

ao follows:-

Spot tin, sellers

Business dona at

1.265 1,215 1.210

Three-months tin, buyers 1,070 Three-months in, sellers 1,000 Business done at

1,065-1,000 Settlement

1.210 -United Press.

Plugging Gap In European

that as well line wages in the auto industry, as the technical assistance under The recommendation, cover- the co-operative economie doing some 1,000,000 auto workers, velopment plan evolved at the will be placed officially before recent London conference, India Mr Alan Valentine, the Econo- was likely to receive technical mic Stabiliser, and he indicated ald under President Truman's it would be issued soon, Ho Point Four programme.

already had a rough draft of. the order..

Reference to deteriorating dis-`

Mr Valentine testified on the clpline among industrial labour,

meat price situation before the a fall in the pro Congressional economic watch- resulting in ductive capacity of the worker, was made by Sir Faul Benthall dog committee. Reporters had in his presidential address, and first understood him to say he he said that without discipline wa drafting orders putting in the factories there could be price controls on meat, but he no hope of industrial progress sald Inter that he had been mis

order in India, and capital, both Indian understood. and foreign, would remain aby was being drawn up and he of Investment in Indian in-issued the following statement:. "We are having conferences the with representatives of meat industry to work with them to see how meat prices can be kept down."United Press.

dustry.

Grains In

Chicago

Chicago, Dec. 21.

Prices in the grain futures market here closed today follows:-

Wheat-ics per bushel.

Spot

December March (1951)

Trade Spot

Bonn, Dec. 21.

July

Corn

December March (1031). July

Kyo The Allied High Commission

December and the West German Govern- | May (1561) ment are holding talks In Dat Frankfurt to plug the drain of December exports of strategic materials to Eastern Europe, an Allied oficial sald here today.

The talks were understood to centre. on the adoption of a

No

such

New York Sugar Closes Higher

•New York, Des.' 21. Domestle sugar futures No. 6

closed one to four higher.

4.70 bid

8.70

0.70 6.04

SAILINGS TO

Japan

Keelung Bandakan

Noan

Noon

24th Deo. 27th Deo.

Straits Cafcutta

2nd Jan.

3rd Jan.

Tientsin

14th Jan,

ARRIVALS FROM

Tientsin

29th Jan,

Keoluna

30th Doc.

Calcutta & Singapore

31st Dec.

Cargo accepted on through Dilis of Lading for MADRAS & PONDICHERRY vie Singapore and for KUDAT, JESSELTON, LABUAN, TAWAU, Bandakan.

LAHAD DATU

SEMPORNA

AUSTRALIA CHINA LINE LTD.

ARRIVALS FROM

Vis.

* "BALUCHISTAN" m.v. "HINDUSTAN”

Japan Japan

12th Jan.

19th Jan.

· m.v. "EASTERN BAGA" -

Australian Ports

18th Jan.

8. "DALUCHIBTAN"

SAILINGS TO

Fromentle, Hobart, Adelaide & Malbourne

*m.v. "HINDUSTAN"

13th Jan

Manus and Lao (both subject to inducement) thenco Brisbane, Sydney, Melbourne & Hobart, 20th Jan. m.v. "EASTERN BAGA"

1st Feb.

Yokkalshi, Nagoya, Kobe & Yokohama *Cargo accepted on through Dils of Lading to Tasmania, New Zealand and Prolfic faland · Ports.

GLEN LINE LTD.

SCHEDULED SAILINGS TO UK AND CONTINENT

my. "DRECONSHIRE”

Loade at Holt's Wharf 25th December, Balla 27th December, for Btraits, Colombo, Aden, Buoz, port Bald, Gonca, London, Rotterdam/Amsterdam, Ham- bura and Antwerp. Due Landen tet. February. m.v. "GLENEARN"

Loads 6th January, waits 8th January for Straits, Colombo, Aden, Quer, Port Bald, London, Antwerp, Rotterdam/Amsterdam, Hamburg. Due London 14th

February.

{Carriers option to proased via other ports to load/discharge cargo) SCHEDULED ARRIVALS FROM LONDON

m.v. "GLENGARRY" m.v. "RADNORGHIRE"

Leavo London

Ballod

Salted

INTERMEDIATE SERVICE

Baited

m.v. "PEMBROKESHIRE"

Dus H.K.

28th Doo.

10th Jan.

20th Jan.

(All outward Vessels accept cargo for. Japan)

PRINCE LINE LTD.

ARRIVALS FROM US, ATLANTIC & PACIFIC PORTA

Balls N.Y, 'Balli' 8.P. Duo H.K.

Bailed Balled 14th Jan.

m.v. "EASTERN PRINCE"

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

m.v. "EASTERN, PRINCE"

Loads 14th Jan, for Wanisht, Philippines, Java, Saigon and Glam aubfact to Inducament, Straite, 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 notics. All Intending ¿Passengers should raglotor thotr names as far as possible In advance of the time at which they wish to leave.

PACIFIC TRANSPORT LINES

ARRIVALS FROM SAN FRANCISCO

*.. "PACIFIC World sugar No. 4 closed four

to eight higher.

As

March

€ 2.44

MAY July

2.45-21.4335 September

2.434-2.4

2.3312-36

2.3016

1.70% 1.70-1.701 1.70-1.7045

July September

1.00-1.08) March

Raw migar spot

120 1,70%

942

March (1951).

New York Fourper 200 b. sack, $15.20.-United Prein

new list of strategic materials, Record Pig Crop

much almpier than the com- plicated "Schedules A and B" which the European Co-opera- tion Administration has at- tempted to enforce.

w

Among the more difficult ex- ports to control werd those which went first to Sweden, Holland or Switzerland before being sent to Eastern Europe. Reuter.

Offors Of Copra

In America

Washington, Dec. 21,

January

March

May

5.54 nominal

4.50 bid

1.50

0.60

5.40-50

5.10 nominal 4.37 nominal -Associated Press.

Bank Of England

Statement

London, Dec. 21. The Bank of England, state- ment for the week ending Doc. 20 reads as follows:- Protes fr circulation

Sterling Public deposits

Private deposits Government

Other securities Receipts

Bank ratio

вос A record poncetime sting pig crop of 03,500,000 hoad was forecast by the US. Agriculture This crop Department today.

provide the nation's pork

wil

10%.

1,831,023,000

14,100,000 200,351,000 340,111,000 60,890,000 23,420,000

United Press.

TRANSPORT”-

Qails Q.F.

Due H.K.

In Port

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

Balls H.K. TRANSPORT". Noon 22nd Dec.

"PACIFIC

Due 8.P. 19th Jan.

Through bills of lading issued to any Port In North America to South American Ports.

JARDINE, MATHESON & CO., LTD.

18 Pedder Street

WATERMAN

Tel: 80311

STEAMSHIP CORPORATION

supply next autumn and winter, NY Pepper Futuros

While mx per cent Larger Thán the previous crop, the indicated

New York, Doo, 21. production may not be big Black pepper futures closed enough satisty increased today nominally unchanged: civilian and military demands with no sales reported. The New York, Dec. 21.

for meat under the defence pro-spot markset ruled frmer in Sellers continued to offer copra

gramme. Many food officials tone, although actual trading for nearby shipment at $225 think it will be necessary to was on the quiet side. The

price con- Impending Christmas per short ton, C.IF the Pacific place meato under

holidays Const The level failed to uli- trol and rationing next summer and confusion over the price

In-Associated Press......

5. combined to slow-oct- freezo vity, Prices closed" "today' ́as i follows:-

cover buying interest. cocoanut oil, nearby shipment remained unchanged at 171⁄2 cents a pound asked, F.O.B. milla.--United Pron.

Exchange Rates

Business was done in the local unofficial exchange „market - thuis morning at the following“ raton:......

German Metals For America

:

Frankfurt, Dec. 21. Marshall Plan funds will be

Sterling note, (per #1............. 15.30 used to exploit 20,000,000 tons 0.023 of deposit of lead and zinc in

1.a. dollars (por 91)

Indonesia guliders (per 100)" nim, licale (per 100). Singapore (8truita) FIC" piastros five (100)

December

1.00 nominal

January (1951)

1.50 nominal

February March

1.53 nominal

143 nomiuni

-United Press.

}}

MOBILE ALA, USA

WATERMAN LINE EXPRESS

FREIGHT SERVICES DO

FROM U.S. ATLANTIC COAST VIA JAPAN : “LAFAYETTE”

„Duo aboht

*. *. "WAR HAWX”

22nd Dec. 1950 28 "Doo, 1950

DIRECT FOR

NEW YORK, BALTIMORE & PHILADELPHIA VIA JAPAN & HONŐLULU.

NEW YORK BANK «« “LAFATETTE”

QUOTATIONS

Closing bank quotations;

New York, Dec. 21, 450 Western Germany, ECA officials

bid asked Kaannounced here today. Repay- Dank of Amokeles vias 2012 10.025 ment of the loan will be in Chase National

HK Dollar In US

Ban Trang có thể the

zinc and lead of commercial National City GAIN CON quantity, to the United Stater..

The, mejala aro vital stratégio

items for the United States New York Exchanges

rearomment * SIGTI, "The ECA

LaNew York, Dec 11. Closing: foraida" exchanges

* "WARHAWK”

*Balls about. ́19rd Doɑ, 1950

· 29th - Dec.', 1950 ALSO, ACCEPTING TRANSHIPMENT CARGO FOR

GULF PORTS,

WALLEM & CO., LTD.

Agenta

mgkong & Changhai Bank Building