1950-12-28 — Page 11

R.I.L

ROYAL

INTEROCEAN

LINES

SINGAPORE JAVA

ARRIVALS

*NIEUW HOLLAND" ...... In

Fort

PORTS and.

MACASSAR

"TASMAN" •

"TJITJALENGKA"

"YAN HEUTSZ” •

6th Jan. '51

7th Jan. '51

* Only to Singapore, Penang & D. Dell.

MANILA, EAST &

SOUTH AFRICA and

SOUTH AMERICA

"RUTH"

"BOISSEVAIN”

"TJPANAS”

"TJIBABAK”

JAPAN

"RUYS"

"TJIPANAS"

"BOISSEVAIN"

ARRIVALS

SAILINGS

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

SAILINGS

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

14th Feb, 'BI

,10th Jan. '61 .25th Jan. '31

1st Feb. '51

ARRIVALS

8th Jan. '1 12th Feb. '51 7th Mar. '51

28th Jan, "GI

THE CHINA MAIL, THURSDAY, DECEMBER 28, 1950.

Peking Grabbing Cotton Supplies

Karachi, Deo, 27.

Trado circles said today that Communist China is grabbing up all available oolton fiero. Purchases to

At

date wero callmated

Cotton is 28,500 bales. valuable war material as well as a clvBian nccesuity,

A member of the Red China Furchasing Mission ald the puroladog was being pushed because the U.S. had halted cotton sales to Peking and there was talk of a general U.N. boycott-Associated Press,

Evening Up Operations

SAILINGS In Cotton

21st Jan. 'ši

Agents: HOLLAND EAST ASIA LINE

EUROPE við MANILA

and MALAYA

"MARIEKERK”

"MELISKERK”

Through Ds/L Leared

ARRIVALS

..Mid Jan, '51

SAILINGS 11th Jan '51 10th Feb. '61

to

Mediterranean and Nerthorn

European Ports.

JAPAN

"MARIEKERK”

"MELISKERK”

ARRIVALS

SAILINGS

7th Jan. '81

9th Feb. '51'

Mid

JAI, '81

SEKING SEBÜRDING, TELERBONES, 29015 TO 280175

TUNINGAĞIRISE 12 GOSSAIGHT ROAD, CELLS QUE EN

AMERICAN PRESIDENT LINES

The Global Flec

ST. GEORGE'S BLDG,

WILBON

In Port

11

Commonwealth Exports JARDINE, MATHESON & CO., LTD.

To Britain Increased

London, Dec. 27.

A review of Commonwealth trade in 1949 was issued here today by the Commonwealth Economic Committee..

The report described the main features of Commonwealth trade during 1949 as inclusion of a further large increase in imports from Com- monwealth sources into the United Kingdom as

Sharp

Gains

well as Europe and the temporary contraction in On New York

the United States market in contrast with Canada whose imports from other Commonwealth coun- tries were almost unchanged.

India's imports in 1949 were in the about four times the pre-war figure.

The statistics showed the ex- tent of the market for Common--- wealth products in colonial ter- ritories as well as in Australia and New Zealand and indicated that Commonwealth countries gained a much larger share of the South African market.

The 18-page report, prepared the Intelligence branch of Commonwealth Economic that not-

aggregato

HONGKONG

SHARE MARKET

The volume of business on

follow-

HK Bank

INSURANCES

10 → 1225

Stock Market

New York, Dec. 27, The stock market scored one of the sharpest gains in 'recent years today. Buyers demanded stocks and were willing to pay as much as $5 a share over Tuesday's closing prices to get what they wanted. More than 100 issues were sold at peak prices for 1950 or longer in

some cases many years."

New York, Dec, 27. Year-end evening up opera-by

The breadth of the advance was a surprise even to the most otherwise the tions dominated an

bullish-minded traders. The quter and mixed market for cot-Committee, showed fon futures. Fresh commitments withstanding special difficulties the Stock Exchange this morn-steepest since December 1948.

day's rise on average was the continued to be avoided, periding in 1949, the Commonwealth as in stoc valued nt $205,125.

At the final bell, the general clarification of the wage and a whole maintained its position The half day's business and

run of prices was at the highest wice control picture. The trade, ns the world's largest trading noon closing prices were as level since February, 1931. switching operations between area.

the An interesting angle to It also disclosed that this SHARES BUYERS SELLERS SALES old and new crop months, pro-

market was the unusually wide vided another trading feature. marked an advance as compared DANKS

.. 1216 12:5 50 1205

of interest shown by Since the taxes for 1951 are ex-with before the war since Com-

20 of 1325 traders the 30-called blue chip be higher than this monwealth exports in relation pected to

some year,

market analysts to world exports increased ap- figured that this should provide preciably while the proportion on for imports was very nearly good reason to take profits long positions now. But off- unchanged.

The exports in 1949 of Indin, setting celling on that premise was demand from mills and Pakistan and Ceylon respective- had been fixing ly were: 4,962 million rupees; Winters who

and 1,001 prices for the year-end against 819 million rupees; textile orders and foreign com-million rupees.

COLONIES' EXPORTS mitments,

speculativo

The British colonies' exports! business remained at a minimum

this period amounted to with local and New Oricans for professionals switching from one £618,000,000 sterling, side to the other in a move to exploit any opportunities.

New

The market opened unchanged to of 11 points. Thereafter it seesawed over a range of 30 points, hitting the lowest levels in the noon hour and then closing

15 lower to 8 points higher.

The 1949 imports of India, Pakistan and Ceylon were! 0.017 million rupees; 1,114 mil- on rupees; and 1,029 million rupees

The Imports of the colonies were valued at £743,000,000.

The figures for Pakistan rc- lated to its seaborne trade only. For India and Ceylon the in-

Prices closed today as follows: dex numbers of export prices

44.00

47.88.

43.30

3841

for

1949 were 300 and 324, respectively. The index num- bers of import prices for the same year were 330 and 423,

39.40 nominal respectively.

38.20

34.02

-United Press.

PHONE 28172/5.

Spot

March (1051)

May

Arr. Jan. 13 Bulls Jan. Arr. Feb. Z

July

October

December

vis JAPAN

March (1052)

May

Baits Dec. 30

NEW ORLEANS

Arr. Jan. 7 Haile Jan.

Spot

March (1951)

ROUND-THE-WORLD

May

July

October

Balls Dec, 28

March (1952) May

TO HONOLULU AND SAN FRANCISCO vis JAPAN PRESIDENT CLEVELAND PRESIDENT

TO SAN FILANCISCO AND LOS ANGELES 'PRESIDENT HARRISON

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

MARINE SNAPPER ...........

Via Manila, Ningapore, Colombo, Cochin, Bombay, Karachi, Bues, Port Said, Alexandria, Naples, Marcellies, Genoa, New York & Boston.

In Port "THESIDENT BUCHANAN”

December

42.73-42.70

The basic years for India for the index were 1938-39 and for Ceylon 1034-38.

Union Underwriters 2.75 DOCKS, ETC. K. Whart Tlock

90

1214

Provident

1015

S'hal Dock

3.10

LAND, ETC.

0.30

IK Hotel HK Land ..3915

UTILITIES

C. Light (0) 8.80FP Electric

Telephone INDUSTRIALS

Coment STORES, ETC.

Waloon

Crawford

COTTONS

Ewo

200 30

1000

237% 1000

200

031

1114 12

£1.70

or top grade issues were just as much in demand as numerous stocks with 0 ΠΟΤΟ or less speculative reting.

Among

the

most popular groups were talls, steels, oils, mctors and hircraft anufacturing stocks.

were

Nine hundred and one issues advanced. Only 139 declined. The main force pushing the market upward still seemed to be inflation. Investors were try": 231ng to find, a refuge for their

capital.

Among

the gainers Arnerican Airlines, United Air lines, Eastern Airlines, Trans- warld Airlines, Continental Motors, Willys Overland, Dou- glas Aircraft, Grumman Aircraft, Armour, St. Regis Paper, Pepsi- cola, and Benguet Mining.

Dow Jones averagės: Stocks

100 2015 200 2015 1200 € 20

RUBBER

MARKETS, FIRMNESS

New York. Dec. 27. Rubber futures closed today 125 to 325 points higher, with sales ton)

ng 1 contracts. Most of the acti- vity was centred around

December

The 1940 balance of mer- Closing rate chandise trade of India, Ceylon and the Britlab colonies Wag shown as: minus 123 million rupees; plus 27 million rupees und minus £125,000,000 respec- | delivery where dealings expired at Lively.

noon. Spot month was traded up to 84 cents a pound. then went off the board at B5 cents asked.

42.55

43,23

41.74

30.75

33.34

30.21 bid 37.99 bld 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 untrammelled, 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:

SAILS FOR: 5.S. "SIR JOHN FRANKLIN" New York via Pushan, Kobe, Nagoya, Yoko-

Manila 1st week of Jan.

S.S. “FLYING CLOUD"

Now York via

Manila 1st week of Jan.

homa, Son Francisco, Los Angles, New York, Baltimore, Philadelphia, Boston via Panama Canal, 1st week of January. Kobe, Nagoya, Yokohama, San, Francisco, Los Angeles, New York, Balumore, Philadelphia, Boston via Panama Canal, ist week of January,

UK EXPORTS

The United Kingdom's exports In 1049 to India, Pakistan, Ceylon and the colonies were respectively valued in pounda million sterling at: 117; 33; 15

259.

The imports into the United Kingdom for the same period and from the same countries amounted to 98; 16; 27 and 287 million sterling.

The 1040 trade of the United

States with India, Pakistan,

Ceylon and the British colonies in mlions of dollars was re- spectively: Exports - 253; 45; 19 and 284. Imports 298; 28, 35 and 320.

India carned a total of 228 million dollars in 1940; Pakis- tan earned 24 million dollars; Ceylon carnod 43 million dollars while the colonies earned 331 million dollars,

Prices closed today as follows:- Spot

December

March (1931) May July

SINGAPORE MARKET

20 Industrials

16 Ralls

10 Utilities

$0.65 234.21

77,32 40.51

-Associated Press.

New York Sugar Futures

New York, Dec. 27.

closed World sugar futures today unchanged to 9 higher, with sales totailing 154 contracts.

Contract No. 0 closed today 2 to 6 lower, with sales totalling 122 contracts.

Prices closed today as follows: Contract No. 4. {world}

January (1951)

50,00

60.25 bid

83.30 Bid

March

13.50 nominal

May

-United Press.

July

Spot

Contract No. 0

January (1931)

March

May

100-190

July

182-183 170-177

Spot

Singapore, Dec. 27. Prices in the rubber futures mar- ket here closed today as followe Number, 1 rubber, per Ib.

December

January (1951)

February

Number

December

rubber,

Number 3 rubber,

December

·Number 4 rubber,

December

Spot rubber, unbaled

Black crepe

No. 1 pale crepe....

154-185

179-100

6.53 traded 2,47 traded

5.46 traded 5.45 nominal 5.80

..... Adibid

0.62-traded

0.08 bid 5.07 bid

5.0

United Press.

CO.,LTD.

FREIGHT AND PASSAGE DEPARTMØNTO, 1 Pedder Strast, Tál. 80311.

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

B. "HANGBANG".

B. "WINGBANG" *.*. "EBANG"

... "TAKOANG" B.1. "CHUNSANG"

8.8. "WINGBANG" B.J. "EBANG"

a "TAKBANG"

SAILINGS TO

Gandakan Kaafung Зарав

Straits & Calcutta Tientsin

Noon 28th Dec.

End Jan,

3rd Jan.

4th Jan.

14th Jan.

ARRIVALS FROM

Calcutta & Singapore Tiantain

Keatung

.30th Doc.

atet Dec. 81st Doc.

Cargo accepted on through Dill of Lading for MADRAS a PONDICHERRY vis Singapore and for XUDAT, JESSELTON, LABUAN, TAWAU, LAHADDATU & BEMPORNA vis Bandakan,

AUSTRALIA CHINA LINE LTD.

ARRIVALS FROM

4.D. "BALUCHISTAN" m.v. "HINDUSTAN" m.v. "EASTERN SAGA"

"DALUCHIBTAN"

Japan Japan Australian Porte

12th Jan..

19th Jan. 28th Jan.

SAILINGS TO

Fremantle, Hobart, Adelaido

*m.v. "HINDUSTAN"

18th Jan.

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

Yokkaichi, Nagoya, Kobe & Yokohama

let Pob. *Cargo accepted on through Bill of Lading to Poolfio Island Parts. Tasmania, New Zealand and

GLEN LINE LTD.

SCHEDULED SAILINGS TO U.K. AND CONTINENT

m.v. "GLENEARN"

Loads 6th January, Balls 8th January for Straits, Antwerp, Colombo, Aden, Buez, Port Bald, London,

Rotterdam/Amsterdam Hamburg. Dus London 14th

February.

m.v. "GLENGARRY"

Loads 22nd. January, Salle 24th, January For Straits, Colombo, Adon, Buez; Alexandria, Genoa, Lon- Rotterdam/Amsterdam, Hamburg, Antwerp. Due London 4th March.

don,

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

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

Leave London

At Holts Whart Ballad

INTERMEDIATE SERVICE

Balled

OTO HIK

10th Jan.

20th Jan.

m.v. "PEMBROKESHIRE"

(All outward vessels accept carge for Japan)

PRINCE LINE LTD. ARRIVALS FROM U.S. ATLANTIC & PACIFIC PORTS

Balls N.Y. Salls 8.F... Due H.K.

6alled United 14th Jan.

m.v. "EASTERN PRINCE"

.....

EAST COAST, CANADA & U.S.A. vía SUEZ

m.v. "EASTERN PRINCE"

Loads 14th Jan,, for Wanlahi, Philippince, Java, Balgon and Glam subject to inducement, Straits, 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 notice. All Intending Passengers should

names as far as possible in advance at which they wish to lesve,

WATERMAN

roplater their of the time

1

Now York Metals STEAMSHIP CORPORATION

New York, Dec. 27. Prices in the metal 142-144 here closed today

170-171

101-102

market unchanged 108-200 with the following exceptions- United Press.

Tin, Grade A (99.80 per cent LONDON MARKET

London, Dec. 27.

or higher), New York, per lb. Prices in the rubber futures mar-Į 150. kat here closed today as follows:- No. T rubber, (in cents

per 1b.) February Apri/June July/September October/December

Jube and manufactures March brought India the biggest dollar earnings 127 million dollars. Rubber and tin brought Ma- laya 120 müon and 82 million dollars, respectively.

for

GOLD PRODUCTION India's gold production 1940 was worth six million United States dollars.

The British colonies gold production for that year พอง partly estimated at 35 million dollars.

The Commonwealth's totul gold production for 1949 Was partly estimated at 847 million dollars compared with 739 mil- lion dollars in 1948.

Tungsten, powdered, (98-99 5049-5711 per cent) per lb. $4.15.-United 60-0016 Press.

6424-55

B12-7

40-4735

44-4415 United Press.

London Stock Exchange

London, Dec. 27. Trading was small on the London stock exchange today but industrials wond fumer where changes were register- ed.

!

More US Controls

Washington, Dec. 27,

The National Production Authority today imposed con- trols over both military and civilian-consumption of cadmlum 10 conserve supplies.-United Press.

NOTICE TO CONSIGNEES

CONSIGNEED PEN CANADA-ASIATIO LINE

s/# "OCEANSIDEN –

India, Pakistan, Ceylon and the colonies in 1940 respectively

British funds cased slightly are hereby noted that their cargo exported to Western

Europe and oils were dull and unsettled kong & Kowloon Wharf & Godown Le being discharged into the Hang- commodities worth £34,000,000 because of the Iranian Gov. Co godown where it will be at sterling

£19,000,000; £10,000,- ernment's withdrawal of the consignees risk and subject to the 000 and £51,000,000,

From Western Europe their 1949 imports in millions of ster- ling amounted to 39; 14, 5 and

35,

terms

and

condition of

Whert's bill to ratify the oil agreement storage, and where delivery may be with the Anglo-Iranian Com- obtained.

pany.

Coppers were strong on re- ported heavy United States do- The Committee gave these Ogures of world trade for 1049 mand for the metal.

index was Financial Times' with the corresponding figures 118.2-Associated Press. in 1938:

World Exports: — Common- wealth 20 percent of the world

Transhipment cargo accepted for Jamaica, Havana and other total (25 percent in 1938), Unli-

Cuban Ports, also Venezuela.)

LIMITED PASSENGER ACCOMMODATION' AVAILABLE

Above Dates Subject to Change

For Information Apply to:

RATTISON & CO., INC.

CHINA, FORMOSA, KOREA, JAPAN AND HONGKONG. "Untral 4th Floor.

CHINESE AGENTS;

Tel: 25346

NESE STEAMSHIP CO., LTD.

ed States 21 percent (14' par- cent), Europe 28 percent (87 percent).

World Imports Comition- wealth $2 percent of the world

Steel Controls

Predicted

Damaged packages are to be left In the godowns for examination by Consignees and the Company's surveyors. Mera Croddard & Dougies at 10 .. OR the 29th December, 1950.

To comply with the General Bonded Warehouse Regulations, cur- signees must have a Revenua Oficer in attendanc0 when damaged dullable goods are examined ..

to claims will be admitted after the goods have left the steamer's godown, and all goods remeining undelivered after the 30th Decem A controlled materials plan | bez, 1030, will be subject to rent

New York, Dec. 27.

total (39 percent in 1938), for the steel industry by March

All claims against the camer United States 12 percent (9 per- or April and mandatory price must be presented to the Under- cent), Europe. 34 percent (38 controls to replace voluntary signed on or before the 4th January, percent)-Reuter.

ones were predicted today by 1951, or they will be recognised. the Iron Age. metalworking No Fire Insurance will be affected. trado weekly.

Stoel executives feel that it DODWELL & CO., LTD. steel distribution is to be con-

US Dollar Slips In China

London, Dec 27.' The Peking Communist radio reported today the US dollar Is "alipping" In Red CF #

A broadcast monitoroa ́ hero aald the rata quoted by the Bank of China slumper Tutaday from 30,000 Chinose dollars for Ong

Agents,

trolled at all, it must be con- Hongkong, #7 December. 1900. trolled completely, the weekly sald, "Voluntary price controls NOTICE TO CONSIGNÉES are doomed to failure even before they begin.”—Associated Press.

*.*. "PERSZUS"

this

Exchange Rates burveyed at Toll's WHITE

between sun, and Noon on cember 17, and 23, 1959," and "; con. alanses are requested to hayuḥtheir representatives, prosunt during, the

Postess was done in the local US dollar to 27,800 for one, unofficial exchango market

mòrakis, at the followis Auto VOT The broadenet added the US string tote (per 432 110 120

MOBILE ALA USA

WATERMAN LINE EXPRESS

FREIGHT SERVICE

FROM U.S. ATLANTIC COAST VIA JAPAN

40th Dec, 1950

6. 8. “WÀE HAWK"

Due about

3. B. "JEFF DAVIS"

#

"

... 10th Jan, 1951

DIRECT FOR

NEW YORK, BALTIMORE & PHILADELPHIA

VIA JAPAN & HONOLULU.

*. 6. "WAR HAWK”

0.4 "JEFF DAVIS”

Baith about

#

+

Sist Deo, 1930

17th. Jan. 1951

ALSO ACCEPTING TRANSHIPMENT CARGO FOR

GULF PORTS.

WALLEM & CO. LTD.

Agents

Hongkong & Shanghai Bank Building Telophonda-88041-5.

MAERSK LINE

FAST FORTNIGHTLY SERVICE” TO)

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA,

SAN FRANCISCO, LOS ANGELES AND FAŊAMA

NEXT SAILINGS

Ms. "SALLY MAERSK"

M.S. ANNA MAERSK” M.S. "GRETE MAERSK"

Dec. 31

Jan. 17

Jan: 60

TANKS OF ALL HIZES AVAILABLE FOR BULK OIL

ARRIVALS FROM U.S.A.

M.A. "GRETE MAERSE”

·M:S: "CHASTINE:MAERSK”.

M.S. "OLGA MAERSKI

For Freights and Further Particulars pleas

AGENTS

Deo. 30

Dec: 81

•