Heavy Buying
World's Wool Supplies Corn Hits RIL Outburst On Expected To Be Short New Highs
R.
ROYAL
INTEROCEAN
• SINGAPORE JAVA
PORTS and
MACASSAR
"NIEUW HOLLAND"‡.
**TJITJALENGKA”
"VAN HEUTSZ" "TJISADANE"
TASMAN"*
ARRIVALS
Fac
Port
7th Jan.
11th Jan.
22nd Jan,
23rd Jan
LINES
to Singapore, Jaya & E. Australia.
only to Bingaporo. Penang & B. Dell.
• MANILA, EAST &
SOUTH AFRICA and SOUTH AMERICA
"RUYS"
"BOISSEVAIN"
**TJIPANAS"
**TJIBADAK"
ARRIVALS
.19th Jan,
27th Jan.
28th Jan,
#
via Japan.
ARRIVALS
.15th Jan.
7th Mar.
.O JAPAN
"LUYS"
**TJIPANAS"
"BOISSEVAIN"
SAILINGS
22nd Jan, 0th Jan. 16th Jan. 27th Jan.
29th Jan,
SAILINGS
26th Jan, 9th Mar, 10th Feb.8
SAILINGS
10th Feb, 21st Jan,
Agents: HOLLAND EAST ASIA LINE
- EUROPE via MANILA
and MALAYA
"MARIZKERK”
"BIELISKERE”
ARRIVALS
.Mia Jan,
4th Feb.
to
"AAGTEKERK”
Through Bs/E, Lared
Mediterranean and Northern
European Foria
• JAPAN
"MARIEKERE”
"MELISKERE”
"AAGTEKERK”
E ESKİNG SERUMI
CHINISE
SAILINGS
11th Jan, 10th Feb, Early. Mar.
ARRIVALS
8th ·Jan." 9th Fob.
SAILINGS
Mid Jan,
. Early Mar.
8th Feb,
ROUTE COUTU
AMERICAN PRESIDENT LINES
ST, GEORGE'S BLDG.
PHONE 28172/5.
TO HONOLULU AND SAN FRANCISCO
PRESIDENT CLEVELAND
PRESIDENT WILBON
vía JAPAN
Arr. Jan. 13
Art, Feb. 2
Salis Jan. 14 Halls Feb. 3
Arr. Jan. 11
Balla Jan. 12
TO SAN FRANCISCO AND LOS ANGELES vis JAPAN PRESIDENT MCKINLEY
TO NEW YORK, BALTIMORE AND BOSTON via PACIFIC COAST AND PANAMA
MARINE SNAPPER
ROUND-THE.WORLD Vis Manila, Singapore, Colombo, Cochin, Bombay, Karachi, Suez, Port Sald, Alexandria, Naples,
Marseilles, Gezon, New York & Boston,
"PRESIDENT HARDING"
Arr. Jan. 20 Baile Jan. 21
Arr. Jan. 10
Salis Jan, 11
Wall Street
New York, Jan. 2.
market roared
The stock into 1951
today on a violent outburst of buying enthusiasm: Prices were higher all along
au
the line.
from Gains ranged fractions to two points, while in;
few
casts Relected stocks Jumped
much As Qve points.
The day's advaner was built the mine foundation as the
on
rousing rallies that characterised the market all through Decem- berthe fear of inflation. Un-
were
Dow Jones averages: Stooks
20 Industrials
15. Railg
10 Uulities
-United Press,
Rubber In Singapore
(OUR OWN CORRESPONDENT)
London, Jan. 2.
There will be even less wool this year to meet the expanding world demand. Unless consump- tion falls below the annual rate attained in the first half of 1950, the supply of wool in 1950-51. will be some 250,000,000 lbs. short.
Tax-Free Reward For Directors
For Season
NOTICE TO CONSIGNEES
Consignees per /
· BARDEN-WILHELMSEN LINE
BLS. “TUNGUS"
from Japan
are hereby noted that their cargo ja being discharged into the Hong- kong & Kowloon Wharf & Godown Chicago, Jan, 2. Co's, godown where it will be at Consignees risk and subject to the Corn, hitting new seasonal wharf's terms and condition DL highs, led other
and where feed grainā | storage,
delivery may higher.
Wheat, however, had' be obtained. difficulty in developing sustain- ed rallies.
Damaged, packingos" are to be left- In the godowns for examinations by Consignees and the Company's sure Wheat closed higher to veyors Meears. Goddard & Douglas at 10 aika on the 6th January, 1831. To comply with the GeneraĒ Ikinded $2.4016-26
Warehouse Regulations, $2.4476-$2.45 consignees must have a Revenus Oper in attendance when damaged $2.40-$2.40% dulable goods are examined.
lower.
March
Greater use of synthetic materials may ease the position for civilian consumers to some extent A plan which contains the May but if defence requirements are to be met a sub-possibility of conferring a tax-July stantial reduction in civilian consumption seems director has been announced by Corn was 24 inevitable.
Wald
NEWSPRINT
PRICE INCREASE
ол free, gift
the British
Co.
three cents
No claims will be admitted after the goods have left the steamarʼ Godown, and all goods remaining undelivered after the 5th January, 1031, will ho subject to rone.
the executive
Electric Traction higher.
March
Oats, were It is proposed that the five March executive directors of the com- Rye was 3-4 pany be given the right to May subscribe in cash for 00,000 Soybeans were 144 higher to January, 1911, or they will not be
£1 1% lower. each. This January
"A" Deferred Ordinary #harca at
option is for Ave years up to Dec. 31, 1955.
Another 20,000 shares will be
$1.76 19% higher.
$9834
All claims against the steamer higher. must be presented to the Under- $1,76-$1.754gned on ar before the 12th
recognised.
$3.142-$3.14 -Associated Press,
put at the disposal of whole- NOTICE TO CONSIGNEEB ime officers of the company, on the same terms
The option price is exactly at parity with the current Stockt £500 Exchange quotation of
more
been up
the pneus in the future their stok, than it has present.
MAERSK LINE
No Fire Insurance will be effected,
DODWELL & CO. LTD. Azonta
Hongkong. 1st December, 1930.
NOTICE TO CONSIGNEES
CIE DES MESSAGERIES
MARITIMED
confirmed reports that President Truman would nak Congress for
This is the outlook for the about $100,000,000,000 for the next fiscal year provided much! Commonwealth Economie Com-
coming
the year as seen by of the motive power for today's mittee in their review of world riac,
Rails led the advanco, Santa consumption of wool for 1949 Fe jumped five points at 165-14. which was published today."
Since the war Rusola has be Included Boston Other gainezn
come a large Importer of my Maine Railroad, Trans-wool The five-year plan tar- and America Corporation, Continen-
wool
fabrics wad tal Motors, Ballimore and Ohio,
scheduled to reach 174,000,000 Denguet Mining, Sunray Oll,
yards by 1950. Production Allegheny Corporation.
Transfern
during 1949 exceeded the tar
New York, Jan. 2. 3,030,000 shares.
get for that year and it is
Newsprint prices advanced therefore presumed that
the in December to the highest main
target
ΠΡΟΣΟ 28.71 achieved.
than level since 1921 to $100 a ton
m.v. "GRETE MAERSI” 239.92.
and publishers fear another in- per £100 nominal for the com- In an effort to increase
pany's Deferred stock. Thus having arrived from. New York and the crease is in the offing.
Consignees per Company's 70.00, 41.47. quality of their finished wool
more than the options can become of value Forts of call, Consignees of Cargo The $100 price,
if the company is only fabrics Russin has gone forther double the $50 at which news-
18 "DEAUVAIS” even are hereby notified that their goods being Janded and placed at
and expense into the are hereby noted that their cargu afeld for her supplies of raw print sold as recently as 1943, wool. In each of the two years added to
to the Hong Kong & Kowloon Wharf & le being discharged into the Hang the difficulties of MICRA
Godown Company's 20down
Kong & Kowloon Wharf & Godown before the war Hussia imported newspaper publishers who are
Howloon, where delivery may be
Ca'a godown, where it will be at 84,000,000
If, for example, the lbs. of raw wool also
"A" obtained as soon as the goods are Conaimees risk and subject to the worried about steadily mainly low quality material dwindling newsprint stocies.
Deferred shares rose to £0 in landed.
Wharf's terms and conditions 02 Asiatic
the countries. But from
market, procumably Supplies on hand and in tran-
Optional cargo will not be landed storage, and where delivery may be since the war her imports from sit at the end of last month director to exercise his option 48 hours prior to vessel's arrival,
would be open to an executive here, unless notice has been gives obtained as soon as the goods are
landed. Dominion sources have sharply were the lowest for
this time at £5, sell the shares in the but carried on from port to port to expanded
the year since 1940. Pub market of
and take a tax-free the final port of call to witch the Russia's total wool imports Ushers at the end of October,
option extends. bor proat, rose from 37.7 million pounds latest
reporting
date,
had 33 In 1946-47 to nearly 80,000,000 days' supply on hand which
No claims will be admitted after In recommending the plan to 10015 107 lbs in 1948-49. More than 47,- was 10 days supply under the the stockholders Mr Harold C. the Goods have left the Godowns, and all goods remaining undeliver- 1831 183 000,000 lbs were imported from average for the end of October Drayton, chairman of the £20 el after the 1th January, 1951, will 1761-17515 Australia and the Soviet Union in the rent rate of consump./ companies, emphasisen that the Goods are to be left in the Godowns,
million B.E.T. group of transport be subject to rent. last 15 years.
All broken, chafed, and damaged 18135-1825 og 20,000,000 lbs
Now Zealand.
tion, Approximately 5,900,000 company'a success for many where they will be examined on 170%-170% NOT A COMPLETE PICTURE tons a year, the price rise, which years has been due in a large sth January, 1951, at 10. a m. by our liable goods are examined.
These figures are for ex- was $0 or six per cent of the measure to the hard work and Douglas. ports from producing countries $100 level which had prevalled loyalty of its executives,"
the Qeneral and do not, therefore, give & since
tember, 1948, will cost! The
directors Bonded Warehouse Regulations con- five executive complete picture
$35,400,000 a to whom the share options will signees must have a Revenue Offer will be subject to rent. wool imports. stan wool imports
Although Rus- yo
year. The increase
originally be given are Mr Drayton, Myin attendance when damaged dud- a majority of the J, S. Wills, managing director, tralls declined to 37,000,000 lbs companies was $10 ton. Mr R. P. Beddow, Mr K. E. the at January, 1931, or they will in 1949-60 this is no indication United Press, The Commodity Credit Cor-that imports were down as poration today temporarily stop-whole. The Committee points ped the sale of Government old out that details of imports via stocks of Unseed o12
Eastern European countries, for able.
Singapore, Jarı 2. Prices in the rubber futures market here closed today follows:--
Number 1 rubber, per ib,
As
January (1954)
February
March
Number 2
20.
January
Number
January
Number
4
rubber,
January
Spot rubber. unbated No. 1 pale crepe
1893-1701S
107 --10 105 -200 United Press.
Linseed Sale Action
Washington, Jan. 2.
The step was taken because the current stocks are scarcely large enough to meet sales com- mitments already made.-United Prus9.
Jap Bonds Up
At the c
of
Russia's U.S.
from Aus- sought by
a
not avail-
example, are
small however
Russia's imports of wool are in comparison with imports Into the United Kingdom and the United States. In 1049 the United Kingdom imported nearly 915,000,000 lbs
HONGKONG SHARE MARKET
The volume of business on
of raw wool of which 180,000, the Stock Exchange this mar 000 lbs were
New York, Jan. 2.
ere re-exported main- Most Japanese issues were
to Western Europe. Re- ning was valued at $142,270, higher in the bond market.
Union The half day's business and the Soviet exports to Government of Japan 0% were only 300,000 lbs. Available noon closing prices were as fol- were 2% higher at 57%Asso-supplies in the United Kingdom o ciated Press.
at the end of 1940 were pro- SHARES BUYERS SELLERS SALES visionally
BANKS estimated at 744,- TOKC Bank 000,000 lbs but these otocics are now much smaller,
The wars our generation has witnessed have brought what ware havo 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 fall. For, when all is sald 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: Isbrandtson"
INDEPENDENT
DEPENDABLE
Regular Sailings from Hongkong to Now York, Baltimora and Philadelphia via San Francisco or Los Angeles
DUE FROM:
SAILS FOR:
S.S. "SIR JOHN FRANKLIN" New York via Pushan, Kobe, Nagoya, Yoko-
S.S. "FLYING CLOUD"
Manila Middle of Jan.
New York via Manila Middle of Jan.
hama, Angles, New York, Baltimore, Philadelphia,“ Raston via Panama Canal. Middle of Jan.
San Francisco, Los
Kobe, Nagoya, Yokohama, San, Francisco, Los Angeles, New York, Baltimore, Philidelphia, Boston vin Panama Canal, Middle of Jan,
(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 Quoon's Road Central 4th Floor,
Tol: 26046
United States imports of
INSURANC
Wales...
++
43
Surveyors
To comply
Messrs Goddard
with
J
able goods are examined.
All claims must reach us before
Garcko and Mr W. T. James. not be recognised. There are three non-oxocutive directors.
Firmness In NY Cotton Futures
No Insurance will be elected.
JEDSEN & CO., Agenia.
Hongkong. 31st December, 1950.
NOTICE TO CONSIGNEES
m/v "TAIYUAN"
Arrived 30th December, 1939.
Damaged cango ex this ve soc will be surveyed by Messrs. Goddard & Dougins at Hongkong & Kowloon Wharf. No. 14 Godown from 10 am. on Thursday, 4th January and Fri day 8th presentatives
1951, and con
Tow
New York, Jon. 2. Cotton futures were firm in signees quiet dealings Persistent millquested to be present during survey.
with covering buying, along
BUTTERFIELD & SWIRE, against export business, ab- sorbed hedge selling and proft- taking. Many traders were cau- | Uous, awaiting fresh develop- ments in the spot cotton market
Agenta
Australuz-Orlantai Lane Ltd, China Navigation Co., 145.
Damaged packages are to be left
in the Godawna for exammation by Consignees and the Company's sur voyers, Messrs Goddard & Douglas at 10 am, on Friday, sth. January, 1031,
To comply with the General Donded Warehouse Regulations. Consignees must have a Revenue Oncer in attendance when damaged
No claims will be admitted after the roode tave left the steamer godowns, and all goods remaining undelivered after 6th January, 1851,
All ciatmo
the steamer against must be presented to the under- signed on or before the January, 1951, or they will not be recognised.
No Fire Insurance will be effected.
CIE DES MESSAGERIES
НАПІТІМся.
Hongkong, Stat December, 1950,
NOTICE TO CONSIGNEES
MAERSK LINE
#
IV. "CHESTINE MAKILI K” having arrived from Now York-and- Ports of call, Consignees of Carro are hereby notified that their good are being landed and placed their risk, and expense - into the Hong Kong & Howison Wharf & Godown Company's godownS Kowloon, where delivery may be obtained as soon as the goods are loaded.
Optional cargo will not be landed here, unless notice has been given 40 hours prior to vesel's arrival, the final poet of call to which the. option extends.
500 10 Futures closed 65 cents to NOTICE TO CONSIGNEES but carried on from port to port to
10 a 1225
42 @ 1223
101220
GID
DOCKS, ETC.
Dock...... 1814 Provident... Wheelock...
20
HK Hotel
3.00
S'hat Land
1.30
11
13
HK Land
apparel wool in 1940 were 145,000,000 lbs clean content compared with 423,000,000 as in 1940 and 233,000,000 in 1947. Imports of carpet wool into the LAND, ETC. United States In 1949
were 127,000,000 lbs clean content.
World demand for since the outbreak of war in Korea forced up the price of the aver- age apparel wool in December to 84 per cent above June level and more than nine times above 1934-38 average.
-London. Ezprass Service)
New York Sugar
New York, Jan. 2. Domestic sugar futures No. 6' closed unchanged with sales of 198 contracts. March
MBWorld sugar
$.04 bla 3.30
futures No. 4
UTILATIES
Trem
C Light (0) 0.30 1000 @ 0.10 Electrie..... 23% 23%
Telephone INDUSTRIALS
Coment Rope STORES Dairy Dairy (N) Wetson COTTONS
10
2.70
XXXX & X
Canadian Timber
For
year
ETU
U.K.
$1.80'a balo higher.
March
May
July
October
December
March
May
Middling spot
43.16
47060-70
43,12
23.40
JAIH
38.00.02
39.64 nominal ...... 44.28 nominal. Asscelated Press. NEW ORLEANS CLOSE
New Orleans, Jan. 2. Cotton futures closed steady 45 cents to $1.15 a bale higher.
March May
July...
October
December
43.04
43.01
42.04
30.27-23 31.83.bla Spot cotton was steady and cents a bals higher.
Middling
43.38 -Associated Press,
CONSIGNEES PER
STATES STEAMSHIP COMPANY.
4.2. "COLORADO"
are hereby notified that their earge is being discharged into the Hong kong & Kowloon Wharf & Godown Co'n godown where it will be at consignees risk and subject to the Whart's terms and condition of storage, and where dellysry may be obtained.
No clakus will be admitted after the Goods have left the Gądowas, and all goods remaining, undeliver- |ed after the Bih January, 1951, will
be subject to root.
All · broken, chatod, and damaged Goods are to be luft in tha Godowne, where they will be examined on 8th January, 1931, AE 19'KIL by our Surveyors
Douglas.
Menere
To xxxmply with the
Clometal Bonded Warehouse Regulations con
gee must have a Revenue Omicor in attendance when damaged duti able goods are examined.
Damaged packages are to be left in the godowns for examination by 50 Condignees and the Company's sur
veyors, Messrs. Carmichadi & clarks at 10 am. on the 2nd January, 1951, the Ist Fabmary, 1931, or they will
..
All daims must reach us before w
the To comply with
General) not be recognised. Bonded Warehouse Regulations, con- sirnees must have a Revenue Öfiosr in-sttendance when damaged· duti-
NY Popper Futures able goods are examined.
NOTICE TO CONSIGNEES
No Inmuranen sill be effected.
*JERSEN & CO.,
Aronte. No claims will be admitted after Hong Kong, 1st January, 1951. closed two to five higher with Substantial shipments of
New York, Jan. 2. the goods have left the steamer's sales of 54 contracts.
Canadian lumber to the UK.
godown, and all goods remaining The black 542 bld next
popper futures undelivered after the 3rd January, forecast in market closed inactive And 1961, will be subject to rent. 5.41 bid authoritative Ottawa quarters. nominally unchanged, New 5.41 bid
All claims against the steamer Orders are already placed for York re-sellers quoted January must be presented to the Under- 5.15 nominal 500m, board fpet of West Coast shipment at Around
148, signed on or before the 10th Janu 6.36 nominal. lumber, and negotiations are February 145 and March 140 a 61, or they will not be re -Associated Press.
proceeding
for deliverita of pound on ex-dock bada. East Coast spruce,
Prices closed today as fol- How Jamiary (1951),
*1.37 nominal
March May
March
May
July March
Raw sugar spot
New York Bank Exchange Rates
Quotations
New York, Jan. 2 Closing bank quotations; Bank of America
28-1bid. 27-1 asked. Chase National Bank 30 bid.
33 asked. National City. Bank
45 bid.
47 asked. Associated Press.
Financial Indox
London, Jan. 2. Financial Times Index: 115.5 --Associated Press.
Buddiem was done in the local unofficial, exchange
this market morning at the following, rates, Sterling note (per £)
13.40
U.S,. dolines (per $15 Indonesia guilders (per 100)
0.013
Bian tiola (per 100)
| Alagapore (Siraits)
2.00
11.50
VEC) plastres (ver 100)
US Coal For Italy
1.54
1.40
United Press.
US TREASURY POSITION
Washington, Jan. 2. Treasury position on Dec. 28 compared with corresponding
It is reported in Milan trading date a year ago. circles that the Italian Govern- Total Debt: ment has decided to purchase 500,000 tons of coal from the Gold Assets:) United States to avoid a fuel shortage in Italian industry,
and
US$250,883,706,207.70 UB$750,000,791,750234
US322,700.240.112.19 «URES:4:20,064,820.70
Amsociated Press.
and
Pacific Far East Love, Duc.
**A!! DIRECT"
SAN FRANCIsco, Los AnUBLES
~*. 3. LUCKENDACI {"CALIFORNIA DRARY. "FÜILAFFENH - BHAWA:
Fast Regular Trans-Pacific, Service
OVERLAND
NEW YORK-CIRCAGO: DETROIT-TORONTO KONTERAL AND ALL AMERICAN & CANADIAN CITIES
Skila
JRD.
Far to
Framti
Han #rancisco-
CHINESE AGENTS:
HIAN ANGELO, VICTORY"
| San ́Franciado Afratta
10
Jait. 17
OVERSEA
48 Bonham Strand West, dat Flour.
CHINESE STEAMSHIP CO., LTD. Tels:,20127 & 81119.
Ben. “Wrmaciado,
10
For
Singapore, Djakarta, Dombay,
Karachi & Basrah 24 Ben Franciacos & Los Angulos
Bligepors, Djakarta, Colombo, „Tumbir, - Kagach), de Boeṛnti. Ban Francisco, di Los Angeles
Bingapore Djaketa, Bombay,
For full portionlaar velt. Untied, Staton Lane Ok, queen's: Hallding,
TOU
* ASTRO,
cigalped.
No Fire Insurance will be effected.
DODWELI, & CO., LTD. Agents
Hongkong, 30th December, 1950, -
* "WAR HAWE" Having arrived Hongkong cothe signees of cargo are hortby notiled that all goodi, have, bren landed and placed at their risk and expense into the godowns of the Hongkong and Kowloon Whart and Godwin Co. Ltd. where delivery may be obtained as soon as the goodaʼare landed.
No claim will be admitted after NOTICE TO CONSIGNEES the goods have left the godowną,
or failure to attend the survey,
·CONFIGNESH PËL BARDER-WILHELMÄEN LINE
---` DJ, ""TEXAS
.
All broken, chafed and dartsged gooda are to be left in the godowns where they will be examined in the presence of Niesers. Goghed Dotigiks on the din Jin, 1951, at in
DI
To comply with the General are hereby notified, that their cargo Dood Warehous Regulations,
Dougneen mitat have is being disebarged into the Hang-
•W.-ROVERLIME kons & Rowiom Wharf & Godown | Ocer is mitandsace when exMETAL CO, Bodown where it will be at Căng damaged dilable,... goods. AE cinina salst the vend must be sons risk and subject to the Whart' terms and catdition of pronted to the Undersigned within storage, and where delivery, they Bourteen days of the ship's statvaiz be obtained.
or they will not be recomled.
Damaged, packages are to be tilt in the godown for examination bý Consignees and the Company's muc-
·veyora, Kitare,, Goddard & Dougier at 10 am. on the 3rd January, 1951,"
15 firo trimaranoe will be effectedi
WALLEM * CO, LTD.
Ageois Potrphone 1994-T,
To comply with the General Hongkong, 2nd Jailey, 1901.
Honded Warehouse Regulations, con-
signers must, have, a. Ilevenya Difcer
In attendance when damaged dul-NOTICE TO CONSIGNEES ||adib-goods Carp mamined."
Nò claims will be admitted, after the goods have left the steamers Kodown, and all goods remaining Kundelivered" after the ani January, (1404) will be subject to rent,
m♫❤ “YUNNANY.
All-- glatroni), ngilupt - the valveram | bo syrrayed, by Messen, Goddsed must be presvated to the Under signed on or before the 11th Janus ary, 100f, or they will not be re- cognlatd.
་
No Fike Insurance will be affected,
DOBIELE VA CO. LTD. Agenis
Mongkong. Both, December, 2009.
Arrived ·íma “December, 1990, Damaged cargo on this visit will
Douglas at Jibogkong Bowloon Where Godown from -1*10 (427 Wednesday 3rd and: Thursday, January, 1981, and consignacs. presentatives are requested; to present during surveyedia
BUTTERFIELD-A «GYAKE,
China Navigation Do, Bank
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