1950-12-29 — Page 11

R.I.L

ROYAL

INTER OCEAN:

SINGAPORE JAVA

PORTS and

MACASSAR

"TABMAN”. »

ARRIVALS

Port

LINES

SAILINGS

1st Jan. '1 0th Janz, '51

"NIEUW HOLLAND"

In

7th Jan. '51

11th Jan, '51

18th Jan. 'B%

.22nd Jan. '61

"TJITJALENGKA"

"VAN HEUTSZ" •

**TJIBADANE"

* Only to Singapore, Penang & B. Delf.

• MANILA.. EAST &

SOUTH AFRICA and SOUTH AMERICA

"RUYS"

"DOISSEVAIN"

"TJIPANAS“

"TJIBADAK"

• JAPAN

"RUYS"

"TJIPANAS"

"BOISSEVAIN"

ARRIVALS

10th Jan. 'B1 27th Jan. '51

181 Feb. '51

27th Jan, '1

SAILINGS

10th Jan, *51

THE CHINA MAIL, FRIDAY, DECEMBER 29, 1950.

Firmer Tone In International Scheme

London Shares

London, Doa, 28. Litio business was done on the London Bloo Exchange today but prices were generally firmer.

Iron and stock BILETCH gained a few pence while European bonds hardened, Copper shares also im proved on the strength of reported U.S. support. Financial Times' Index: 110.480olated Press,

RUBBER

FUTURES

9th Mar 31 HIGHER

SAILINGS

For Rubber Allocation

(FROM OUR OWN CORRESPONDENT)

London, Dec. 28.

Plans for some form of international olloca-

Wall Street

tion scheme for rubber are under serious Hits A New

consideration by British and American Govern- ment officials who are examining alleviating raw material shortages.

means

of 20-Year Peak

A lato

Nmy York, Dec. 28.

rush to buy stocks

year peak today.

It is believed here that an American Govern- ment announcement on its plans to bulk purchase natural rubber, which is expected this week, may swept the market to a new 20- be the forerunner to an international, scheme designed to ensure that supplies are distributed Steel and railway chares led according to the defence needs of the North trading. Some low priced issues Atlantic Treaty countries.

con-

The American Government is known to bo seriously New York, Dec. 20. cerned over recent shipments Rubber futures closed today of Malayan rubber to Russia 350 to 400 points higher, with and China. It in therefore be

totalling unles

50 contracts.leved by some sections of the rubber market that 28th Jan, 51 Dullness continued in the spot London

| America_ will demand an end to Prices closed today as fol- this trade.

market.

ARRIVALS

8th Jan. '51

7th Mar. '51

10th Feb. '51

lows:- Spot March May July

1951)

HOLLAND EAST ASIA LINE

Agents:

EUROPE við MANILA

and MALAYA

"MARIEKERK”

"MELISKERK"

"AAGTEKERK"

Through Ba/L Laaned to

Mediterranean and Northern

European Ports.

JAPAN

"MARIEHERK"

"MELISKERK"

"AAGTEKERK"

ARRIVALS

Mid Jan, '1

4th Feb. '51

ARRIVALS

SAILINGS

11th Jan.'51 10th Feb, 51 Early March '31

SAILINGS

Dih Jan. '51

9th Feb. '51 Early March, 51

MIG JAT. '31 8th Feb. '51

SEEKINGS BUILDING, TELEPHONES, 20016 TO 280072 |

CHINESE ENGESTAA

AMERICAN PRESIDENT LINES

PHONE 28172/5.

Ar. Jan. 13 Arr. Feb. 2

Balis Jan. 14

Balls Feb. 3

In Port

Salls Doc. 30

ST. GEORGE'S BLDG.

TO HONOLULU AND SAN FRANCISCO vla JAPAN PRESIDENT CLEVELAND PRESIDENT WILSON

TO SAN FRANCISCO AND LOS ANGELES via JAPAN PRESIDENT HARRISON

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

MARINE SNAPPER ............... ATI, JAD, 7 Saila Jum

ROUND-THE. WORLD

Via Manila, Singapore, Colombo, Cochin, Bombay, Karachi, Buet, Port Said, Alexandria, Naples, Marseilles, Genoa, New York & Boston, "TREBIDENT BUCHANAN"

In Port

70.00

(14.29 hd

$4.00 traded

£7.00 nominal -United Press.

LONDON MARKET

London, Dec. 28. Prices In the rubber futures market here closed today as

follows No. 1 rubber (In

per lb) February

March

April/June

| July/September

Delober/December

The American Government would also like to sco ments of rubber to Hongkong banned-to prevent them being re-exported to China.

Cotton Goes:

Into Higher

Ground

New York, Dec. 28. After five sessions of irre- The view most often ex-gularity, all sections of the pressed in

rubber list moved into higher ground. London trade circles 1, that the ban on Sentiment appeared to have shipments of Malayan rubber undergone definite change to Russia and China would not overnight, despite Ingering necessarily prevent these coun- uncertainties ovar price-wage

obtaining supplies. It is controls. tries 62142 pointed out that Malaya pro-

17 -50 561-57

25-551

4714-48

4432-45 -United Press.

SINGAPORE RUBBER

Singapore, Dec. 28. Prices in the rubber futures here closed today as

market follows:--

Number 1 rubber, per ID.

December

January (1951)

February

Number 2 rubber, December

102-193

147-100

duces

world's

less than half of the Buyers drew encouragement

Indonesia, from rubber.

three main Influences, the Arstly, the anticipation of a during whose production

and

to

past few months has exceeded greater mount of mill that of Malaya, is anxious to speculative year-end buying for stay neutral in the East-West tax reasons and inventory purposes, secondly, dispute, and her co-operation in valuation any

International allocation renewed emphasis on the like- scheme would be difficult lihood of a tight supply situa- obtain.

tion before next harvest and thirdly, trade reports that no agricultural price callings

will be imposed until mid-January parity statistics are computed.

385-186 Discussing the future of the 179-130 free market in rubber, Franels Number 3 rubber, December 182-163 Whitmore, Anuncial editor of Number 4 rubber, December 173-174 the Daily Telegraph, says the 103-100 US might seek to enlist the 200-201 support of the British Govern- ment for its stockplie pro-

Spot rubber, unbaled Blacket crepe

-147-140

No. 1 pale crepe United Fres,

LONDON TIN

London, Dec. 28. Tin prices were easier at the of elal morning session today. Turn- over was 100 tons, including 65 tons for spat

Prices closed today at the end of the official morning session as to}- lows:-

$

Spot tin,

nyern

1,105

Spot tin, sellers

1,170

Business done at

1,170

Three-months

in, hayera

1,095

| Three-months

1.100

Balta Dec. 20

Business done at Settlement

tin, Kebers

1,100 - 1,005

1.170

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:

3.S. "SIR JOHN FRANKLIN" New York via

S.S. "FLYING CLOUD"

Manila 1st week of Jan.

New York via Manila

SAILS FOR:

Pushan, Kobe, Nagoya, Yoko-

humo, San Francisco, Los Angles, New York, Baltimore, Philadelphia, Bosion via Panama Canal, 1st wetic of January.

grummc.

The market opened 7 to 19 points higher and closed around the day's best levels, showing gains of 18 to 30 points. Prices closed today as follow: Spot by March (1051) and May July

"The market envisages that might involve both buying

Government the British acceptance by British industry October

of Ameri- December of a small amount

place can synthelle in

of March (1932) natural rubber in the latter May part of 1951," he writes. "The trade does not expect so wide a spread of Government buy- ing as to destroy the market."

US TRADE

WITH RED

CHINA

Washington, Dec. 28.

44.20

43.08 - 49.10 42.35 $2.00-42.03 39.05 39.10

34.70

39.50 asked

38.27 nominal

-United Press.

HONGKONG

SHARE MARKET

The volume of business on the Stock Exchange this morn-

ing was valued at $55,680, The half day's business and noon closing prices were as follow:-

The United States bought|HARES DUYERS BELLERS BALES US$10,600,000 worth of TAW INSURANCES materials from China In Octo- ber, the Commerce Department reported this week.

That was US$3,000,000 more than September.

These

totals were reported before the Chinese Reds.clamp- ed a ban against trade with the U.S. in retaliation for símilar action by this country.

were

U.S. exports to China

US$1,000,000 for only about each of the two months, the De- partment said.

Japan shipped US$21,800,000 worth of manufactures to the

K. Wharf {LAND, ETC.

HK Hotel

1 Land

Union,

DOCKS, ETC.

000:

DO

015

38 100 & 35 1.18 1.20

860 60 2315

S'hai Land UTILITIES

C. Light (0) FP. Electrio 2314 INDUSTRIALS

Cement 117 124 500

1000

Jap Order

U.S. during Cetober, compared For US

with US$18,000,000 for Septem- ber. Japan's imports of raw materials, mainly American financed, continued to exceed Japanese exports, but the De- partiment indicated

Japan is making progress toward becom- ing self-supporting, Associated Press.

New York Sugar

New York, Dec. 21. World sugar futures closed today unchanged to 6 lower, with sales totalling 300_contracta.

Machinery

é es stee

ཉྩ ཙཧྨ སྶསྶམྥསྶ

the advance in unusually heavy

also attracted aggressivo port.

sup-

Individual gains ran to around US$2 a share, More than 100 isauce sold at now highs for the year or longer.

The forward 'move was kept rolling despite large scale - quidation, much of it profit- taking. Twice during the day the ticker tape fell behind.

Transien totalled 8,500,000

shares.

Gainers included Alleghany, Baltimore and Ohio, Greyhound, St. Regis Paper, Baldwin Lima, Willys Overland, Missouri Pact- fic proferred.

Dow Jones Averages: Stocks

87.23

20 Industrials

239.84 77.89

40.00

-Associated Press.

15 Rails

10 Utilities

Quiet Day In Grains

Chicago, Dec. 28. Trade quieted down consider- ably after 0 mild rally that brought prices up to within fractions of Wednesday's close. Most grains were still silghtly lower, however, and trading was largely of a professional nature, Wheat futures closed today 5 cents higher to jower, com was to cents lower, oats 34 higher to lower, rye un- changed to 4 higher and soybeans 1 and 4 to 1% higher, Prices closed today 05 follows:-

Wheat-price per bushel,

Spot

3.4254

December

March (131)

July

2.4512-25 2.4414- 2.4212-36

Corn

Spot

December

1.744 1.7231

March (1951)

1.7244-46

May

1.7215-9

July

Ryo

December

May

Onts

1.7114

1.7234-36 1.781-1.75

$115 001-14 $13.00-United Press,

New York Flour-per 200 1b, muck.

December March (1031)

Economic

Liaison With Tito

Belgrade, Dec. 28.

Sir Francis Mudie, former Governor of Sind and the West Punjab and Home Member of the Viceroy's Executive Coua- cil in 1944-45, is coming to Belgrade next month as chief of the new Economic Section of the British Embassy, accord- ing to informed sources hero.

Ho will have the rank of Minister.

The British Embassy's now Economic Section will act as Halson with the Yugoslav Economic authorities and

will

Pittsburgh, Dec. 20. keep the British Government A Japanese firm has placed a informed of the use Yugoslavla US$1,000,000 order for rolling will make of the various ster- mill machinery and engineeringling credits she 13 receiving services with the Lewis Foun from Britain. dry and Machine Division of Blaw-Knox Company.

The Pittsburgh firm said to- day the order was placed by the Nichla Steel Works Limited, of Kobe.

Britain granted Yugoslavia this year £6,000,000 worth of credits.

Negotiations are now going on in London for further loans believed to total £20,000,000.-

Contract No. 0 closed today 2 Production under the contract Reuter, lower to 3 higher, with sales fotal- will form the nucleus of П

ling 120 contracts.

Prices closed today as follow-modern continuous

World) 1st

week of Jan

Kobe, Nagoya, Yokohama, San, Francisco, Los Angeles, New York, Baltimore, Philadelphia, Boston via Panama Canai. 19t week of January,

Contract No, o January (1931)

March

May

July Spot

5.45

Contract No, January (1951) Marchi

(Transhipment. cargo accepted for Jamaica, Havana and other M

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: 25848

July

Spot

steel strip

CONSIGNRES FER

-CANADA-ASIATIC LINE

mill for the Japanese company. NOTICE TO CONSIGNEES 5.50 nominal

Lowin Foundry will supply 8.44 traded 5,41 bid seven of the 11 fat rolling mills 5.41 nominal called for in the contract.

The company will also pro vide the design and complate engineering for the remaining milis, the edgers, and full com- plement of mill accessories and related equipment.-Associated

A.AG Vid 5.61 traded 4.65 traded 5.70 traded 6.19 -United Press,

New York Bonds

Press,

Exchange Rates

VOCEANSIDE

are hereby notified that their cargo being discharged into the Hong- kong & Howloon Wharf & Godown Co's, godown where it will be st consignees risk and subject to the Wharf's terms and condition of storage, and where delivery may be obtained.

2

Damaged packages are to be left in the godowns luz axamination by Cobalanoes. and the Company's

BLOCITY." Goddard Business was done in the local surveyors, unofficial exchange market this } Douglas of 10 M. on the 27th morning at the following rates; December, 1959, Sterling note (per US dollars (per $1)

New York, Dec. 20. Foreign dollar bonds improved somewhat, with Australian 940 of 1907 advancing US$22.50 to US$007,50.

Japanero isauca Renerally Indonesia guliders (per 100)

Slam toata (per 100) were lower with the Shinyolau | Singapore (Blesite) Electric 048 slipping US$02.50 FIC plastres (per 100)

US$412.00 in fairly briak trading-Associated Press.

New York Exchanges

4

New York, Dec. 20. Cloring foreign exchanger Canada

non 9437y NWIIKOTIANA.

CHINESE AGENTS:

OVERSEA

CHINESE STEAMSHIP CO., LTD.

-48-Bonham Strand West

„Tola:: 28127, & 81110,

Hongkong

£0.00

404

11.00

To comply with the Cloneral 4.50 Bonded Warehouse Regulations, con- 20.60 | signoes must have a Revenue Officer

1.00

albendanou When damaged dullable, goods are examined.

No claims will be admitted after the gooda haya left the steamer's. godown, and all goods remaining undelivered, strer, the seth Dream- ber, 1950, will be subject to rent.

All claims against the stormer

Order To Banks

Washington, Dec. 28.

The Fedoral Rasprve Board tonight ordered an increase in the amount of deposits which. banks must hold in reservo.

The action is designed to ftware US$2,000,000,000 in Bank Ade, funds, that, might otherwise bell

must be presented, to the Under- timed on or before the eth unusty, 1941, or they wii noi ha revogníaca. No Wire Inmirmionovili, de affected.

11

JARDINE, MATHESON & CO.,LTD.

FREIGHT AND PASSAGE DEPARTMENTO 1A Pedder Street, Tel. 80311.

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

BAILINGO TO

Japan

1. "WINGBANG" Keelung 4.4. "EBANG" #E,"TAKBANG". .."HEWBANG" 4. "CHUNSAND"

*s. “WINGBANG" {0.0, "EBANG".

2. "TAKSANG"

Straite & Calcutta Jesselton & Sandakan Tlentin

ARRIVALS FROM

Keolush

Calcutta & Singapore Tientaln

2nd Jan.

3rd Jan. 4th Jan.

11th Jan.

18th Jan.

30th Dec.

Sist Doc.

Sist Dgo.

MADRAS 4

Cargo accepted on through Dilla of Lading for PONDICHERRY vla Singapore and for KUDAT, JESSELTON, LADUAN, TAWAU, LAHADDATU Bandakan.

SEMPORNA VİR

AUSTRALIA CHINA LINE LTD.

ARRIVALS FROM

Fremantle, Hobart, A delaide ..

0.6. “BALUCHISTAN" m.v. "HINDUSTAN" m.v. "EASTERN SAGA"

Japan

Japan

12th Jan.

19th Jan.

Australian Porta

28th Jan,

BAILINGS TO

.. "BALUCHIBTAN"

13th Jan.

*m.v. "HINDUSTAN"

Manus and Lao (both subject to inducement) thence

Hobart Brisbane, Bydney, Melbourne &

20th Jan,

m.v. "EASTERN BAGA"

Yokkaichi, Nagoya, Koba & Yokohama *Cargo accepted on through Bill of Lading to Tasmania, New Zealand and Pacific Island Ports.

1st Fob.

GLEN LINE LTD.

SCHED ILED SAILINGS TO U.K, AND CONTINENT

m.v. "GLENEARN"

for

Loada 6th January, Balls 8th January

Straits, Colombo, Aden, Buez, Port Said, London, Antwerp, Rotterdam/Amsterdam Hamburg. Duo London - 14th

February.

m.v. "GLENGARRY"

Loode 22nd. January, Salls 24th. January For Straits, Colombo, Aden, Buzz, Alexandria, Genoa, Lon- don, Rotterdam/Amsterdam, Hamburg, Antwerp. Dur London 4th March,

(Carrlore option to proceed via other ports to load/dlechargo cargo)

SCHEDULED ARRIVALS FROM LONDON

miv. "GLENGARRY" m.v. "RADNORSHIRE" m.v. "GLENGYLE"

Leave London

Duo H.K.

At Holts Wharf Salled Sailed

10th Jan, 24th Jan.

20th Jan.

Vespela accopt

cargo for Japan)

INTERMEDIATE SERVICE

Ballod

m.v. "PEMBROKESHIRE"

(All outward

PRINCE LINE LTD.

ARRIVALS FROM U.S. ATLANTIC & PACIFIC PORTS

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

Salla N.Y.

Salled

Balls 8.F. Due H.K, Salled 14th Jan.

EAST COAST, CANADA & U.S.A, via SUEZ m.v. "EASTERN PRINCE"

Colombo,

Loads 14th Jan, for Wanlahi, Philippines, Java, Galgon and Slam subject to inducement, traits, Hailfax, Boston and New York.

Cargo for Bt John (N. D.) Montreal and Bermuda with tran shipment at Halifax or Now 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 leave.

WATERMAN

register thair

of

the time

STEAMSHIP CORPORATION

MOBILE ALA. UŞA

WATERMAN

LINE EXPRESS ·

FREIGHT SERVICE

FROM U.S. ATLANTIC COAST VIA JAPAN

#. 8. "WAR HAWK”

2. "JEFF DAVIS"

Due about..

H

DIRECT FOR

30th Doc. 1950

16th: Jan. 1951

NEW YORK, BALTIMORE & PHILADELPHIA VIA JAPAN & HONOLULU.

AB. "WAR HAWK"

8. s. "JEFF DAVIS"

Sails about

to

ID

31st Dec. 1960 17th Jan. 1051

ALSO ACCEPTING TRANSHIPMENT CARGO FOR GULF PORTS.

WALLEM &

Agents

CO., LTD.

Hongkong & Shanghai Bank Building Telephones-98041-5.

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

NEW YORK, BOSTON, BALT IMORE & PHILADELPHIA, via

SAN FRANCISCO, LOS ANGELES AND FÀNAMA

NEXT SAILINGS

"M.8. “SALLY “MAERSK”

M.S. "ANNA MAERSK”

M.S. ""GRETE MAERSK”

Dec. 31 Jari, 17.

Jan. 80

TANKS OF ALL SIZES AVAILABLE FOR BULK OIL

Arrivals from U.S.A.

- MS.: “GRETE MAERSK”!

M.S. "CHASTINE MAERSK”.

MIS. “OLGA MAERSK”

Dec. 80 -Dec. 81.

Jan. 17

For Freights and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Peddin Bisiklinikkaže N