1951-01-23 — Page 9

MESSAGERIES

M

"LA MARSEILLAISE”

"GRANVILLE”

ARRIVALS

MARITIMES

M

from Marseilles via Balgon 25th Jan.

from Europe SAILINGS. :

FASSENGER/FREIGHT SERVICE

"LA MARSEILLAISE” "LA MARSEILLAISE” "FELIX ROUSSEL”

"ST NAZAIRE" "BEAUVAI8" *

"COURSEULLES"

to Japan

via

5th Feb.

....

Manila 20th Jan. to Marsellica via Monfia 9th Feb. lat Apr. to Marseilles via Manila

FREIGHT SERVICE

.N. Africa & Europe 23rd Jan, N. Africa & Europe 10th Feb, N, Africa & Europe 10th Mar. for

PORT SAID, TUNIS, MARSEILLES, ALGIERS, ORAN, TANGIER, CASABLANCA, HAVRE, DUNKIRK,

ANTWERP & ROTTERDAM,

"ST. NAZAIRE" ........ to Salgon

23rd Jan.

CIE DES MESSAGERIES MARITIMES

Queen's Building

Tel. 26651 (Three Lines)

WATERMAN

STEAMSHIP

CORPORATION

MOBILE ALA USA

WATERMAN LINE EXPRESS FREIGHT SERVICE

FROM U.S. ATLANTIC COAST VIA JAPAN.

. 8. "ANDREW JACKSON" ...Due about

3. "KYSKA"

DIRECT FOR

27th Fob. 1951 12th Mar, 1051

NEW YORK, BALTIMORE & PHILADELPHIA

VIA JAPAN & HONOLULU.

1. 4. "ANDREW JACKSON"...Sails about ....

"KYSKA"

28th Feb. 1951

13th Mar. 1931

ALSO ACCEPTING TRANSHIPMENT CARGO FOR GULF PORTS.

WALLEM & CO., LTD.

Agents

Hongkong & Shanghai Bank Building Telephones:-38041-5

M.V. "LA MARSEILLAISE"

Roundtrip to JAPAN

via Manila

13. days away

Raised

THE UMINA МАША TUESĻA X, · JAKAN RAJAKAVA

SUDA.

Price Of Soap Rearmament Effect

On British Exports

Cincinnall, Jan ZZ.

The Proctor and Oambið Company announced an in- crease of approximately six per cent, in the wholemle price of its soap products. The increase becaine elles- Live on Saturday.

by

The Increase is the first

Proctor and Gamble' this year but there were four price advances in 1050.. -Associated Press.

·

Wall Street Absorbs A Heavy Blow

Mr Gaitskell, Chancellor of the Exchequer, referred to the impact of the defence programme on industry when he addressed members of the Institute of Export.

Great progress had been made since devaluation in building would up what they believed

markets be long-tem

In North America,, especially in Canada. The proceeds of our

exports

were needed not only

Sharp Drop In Many debt. These

Stock Issues

of

HONGKONG

SHARE MARKET

Black

Pepper Futures

New York, Jan. 22.

Black pepper futures closed 3

to 5 cents a pound lower, with sales reported. A quiet

A

Mr Gaitskell said that in the last two months the volume of exports had risen to a level which was practically, 80 percent above that of, 1947, no.

situation_prevailed in the spot when the pre-war level had already been regained. market. Price control uncertain- ties and lower Indian cables took

Off the edge

interest. buying Spot supplies moved in a limited way early in the day around $1.75 a pound with other sellers bolding 1 to 2 cents

ints higher. Afloat offerings ranged be tween 1.08 and 1.70

a pound, Resellers quoted January ship- to pay for our imports but for

ment around $1.05, early Febru the financing Investment

of abroad and the repayment

ary $1.02 and March $1.50 pound, on an ex-dock basis. were important

Prices closed today as follows: responsibilities towards oversea

January economic development, parti-

The volume of business trans- February cularly

the undeveloped acted on the Stock Exchange March New York, Jan. 22. parts of the Commonwealth, this morning was valued at The stock market ab-

173,200. The half day's bus- sorbed a heavy body blow bound to be specially

impact of defence was

ness and noon prices were as * follow:- in the final hour, but was frated initialy on the engineer-

SHARES BUYERS SELLEKS SALES still on its feet at the close. ing Industry. This created a BANKA

dilemma because this industry

23 @ 1200 Oils dropped sharply was the mainstay of our export INSURANCES Aircrafts fell with

833 100 D 630 them. trade and the source from which

2007 Steels joined the slide and the rest of industry derived Its or did chemicals and equipment for replacement

for new investment. Thus, ad-

orders wer ditional defence likely to conflict with

exporta or with home investment rather than with current consumption

at home.

80

tyres.

The

Doncon-

INDUSTRIAL FUTURE

The tape ran labo for four minutes. When the flurry ended many issues moved up, from their lows but the damage had been done and the market closed 1 to 3 dollars a share lower. It was the second sharpest set-

They could not altogether pre- back of the

and year

the

vent the burden of roarmament leaviest since Jan. 10, Turnover totalled

falling, so to speak, in the wrong 2,570,000 shares. In the last hour, how place, but they could mitigate the possible damage to our ex- ever,

when prices were at their worst.

900,000 shares were sold. Ports and our industrial future in the The steel industry had

by greater weld

of engineering distinct

Early, condition to that being ad items of news.

ning adequate the Government announced a cor further reduction in the amount by inaking good

supplies of materials and

any

diminution ci Steel for civilian use. In the afternoon, the industry

In our exports of machinery and equipment by increased exports nounced

that is output this

goods. This week will cross the 2,000,000-of consumer ton mark for the first time in turn, meant keeping down de

mand at home and diverting its history.

Dow Jones averages at the supplies from the home to the end of the session slood as export market. follows:-

50 Industrials

20 rails

15 utilities

40 bonds

-United Press.

London Stock

raw

וי

MK Bank

1200

כן

010

DOCKS, ETC. K. Whart

Dock

Provident

14

100 72.

T

200

11

94

Wheelock ... 1034

LAND, ETC.

HI Hotel.. 0.10 4.70

SIK Land

3214

6hat Lond. 1.00

UTELLATIES

Tram

11

C. Light (0) 6.80

C. Light (N) 330 3% C Light

7215

May

1,78 nomitial 1.73

1.65 asked 1.00

United Press.

NOTICE TO CONSIGNEES

10. "PYRRHUS"

Deranged cargo ex this vemet will be surveyed at Holt's Whart be tween 10 am, and Noon on January 24 and 25, 1931, and consignees are requested to have their representa- dives present during the survey.

BUTTERFIELD & SWIRE, Agenta

Hongkong. January 22, 1951.

100 1123 NOTICE TO CONSIGNEES

800 @ 3.00

203 6 22 200 € 2170

(Bonus)... 8.30 5.50 Electric

*

500 0 22

Telephone INDUSTRIALS

Cement Rope STORES, ETC.

Dalry

5.TO

2215

Dairy (New) 0 Watson

20

L. Crawford

COTTONS

Ewo

2.30 3.60

CONSIGNEES PER

STATES STEAMSHIP COMPANY

** "CHARLES E. DANT"

are hereby notified that their cargo is being discharged into the Hong- kong & Kowloon Wharf & Godown 100 103 Co's godown where it will be at consignees risk and subject to the Whorf's terma and condition of storage, and where delivery may be obtained.

400 4 20

New York Sugar Futures

New York, Jan, 22. World sugar futures closed today unchanged to 1 lower, with cales totalling 150 contracts.

Contract No. 6 closed today unchanged to a point lower, with sales totalling 24 contracts.

Prices closed today. as

We were moving into a new 244.33 economic situatio Inflationary 83,30 pressure in the world was grow- 42.21 Ing. prices were rising, and 103.1

and scarcity

chortages were beginning to appear. We had to rearm swiftly, but must not throw away our recovery nor sacrifice the economic. Indepen- dence that had been regained, nor must the foundation of our industrial progress by weakened follows:-- cutting down too far the cup- January by ply of new equipment for in- May dustry. London, Jan. 22.

Our policy must be on July The Stock Exchange marked for as we could to "pay as we Spot time today against the recon- go." vening of Parliament tomorrow.

Indust

strial stocks were select-

Exchange

Sailing from Hongkong 26th January 8 p.m. ively firmer along with leading COTTON TEXTILE

to MANILA, YOKOHAMA and KOBE.

Arriving from Japan 8th February, 6 p.m.

1st Class

Tourist

ROUNDTRIP FARES

HK$810 to HK$970.

HK$580 and HK$615.

Excursions in Japan arranged on application.

CIE DES MESSAGERIES MARITIMES Queen's Building

mine and oil issues,

British Government bonds shed 1/18 to % of a point where changed.

The Financial Times' Index was 119,5-Associated Press,

LONDON TIN

MARKET

London, Jan. 22.

MARKET

New York, Jan. 22.

The cotton, textile market was | frm today. Offerings were scarce, with only scattered lots of print cloths and other con-

Contract No. 4 (world)

January March MAY

Spot

Contract No G

5.07 b4 5.07 nominal 5.07, bid 3.00

BAS DIA 5.47 traded 0.50 bld

5.50

United Press.

New York Rubber Steadier

New York, Jan. 23. Rubber futures developed a

undartana.. Sales.

од

structions selbig mostly for prompt delivery. Military orders continued 10 dominalc the #teadier market, while price control fears the Commodity Exchange In- caused mills to withhold offer- corporated amounted to 2 con- The tin market was fairlyings for forward delivery.

tracts, and prices closed 350 to steady this morning. Turnover The wool goods market was 400 points higher. was 150 tons, including 50 tons steady.

Prices closed today 25 for cash.

Rayon goods were frm follows:- Prices closed today at the end Associated Press.

7215

of the official morning session as follows

Three-months tin, buyers 1,200 Three-months tin, -sellers 1205

Spot tin, Fellers

Spot tin, buyers

1 DAYS 1,240

Tel. 26651 (8 Lines)

Fusiness done at

1.235-1,240

Business done at Settlement

1,200-1,103

1.235 -United Press.

It's faster by far by Spædbird

30 ALL CONTEKENTH AND YOU SAVE WATE

BOOK THROUGH YOUR LOCAL BOAG. FORWARDING AGENT WHO MAKES NO CHARGE FOR ADVICE, INFORMATION OR

AIR FRUKT BOONINGE

BY SPEEDBRD TO ALL

THROUGH

MATHERON & co. LTD

TEL #7741-4

ON BIBLE.3.

1. Wider distribution.

1. Faster turn-over.

3. Lower packing costs.

4. Lower warehousing

cost

5. Lower inventory costs.

Lower insurance Padua,

FLY YOUR FREIGHT | BY SPEEDDÍRO

and gone menyedia too!

B-O·A·C

AIRWAYE

PRESS PHOTOGRAPHS

Copios of photographs taken by the South China Moming Post, South China Sunday Post-Horald, China Mall and Hong Kong Tolo-

CORPORATION

NOW OPEN

U.S. TREASURY POSITION

Washington, Jan. 22. U.S. Trentury position on Jan.

Dollar Bonds Quiet 18 compared with the corres-

New York. Jan, 22.

The foreign dollar

bond

market was quiet today--Asso-

ciated Press.

ponding figure a year ago,

Total. Pebt, $253.913950.00027 and

295928,3804 Gold Amet $22,468,056,200.66 and

$54,425,701,100.97. -Associated Press.

Communist China's

Favourable Trade

Balance

San Francisco, Jan. 22.

Spot

March May

July

69.50 nominal 63.00 nominal 00.00 nominal United Prem.

Exchange Rates

In New York

Franco Holland Italy Portugal

Damaged packages are to be left In the godowns for examination by Consignace and the Company's sur veyors, Mess, Carmichael & Clarke at 10 am. on the 22nd January. 1051.

ΤΟ comply with tle Central |Bonded Warehouse Regulations, con- signees must have a Revenue Officer in attendance when damaged dull- able goods are examined.

No claima will be admitted after the gouda have left the steamer's

undelivered, after the gård January,

godown, and all goods remaining 1051, will be subject to rent.

All claim against the steamer must be presented to the Under- signed on or before the 30th Jpny- ary, 1931, or they will not be ro- $ognised.

No Fire Insurance will be effected.

DODWELL & CO. LTD. Arenis

'Hongkong, 17th January, 1881.....

R.I.L.

ROYAL INTEROCEAN

• SINGAPORE JAVA PORTS and

MACASSAR

"NIEUW HOLLAND” ‡

"TЛSADANE” *** "TASMAN" •

“VAN HEUTSZ" "TJITJALENGKA”

"TJIWANGI”

***

to Singapore & Java.

LINES

SAILINGS

ARRIVALS

.In

Fort

25th Jan,

In

Port

B7th Jan.

.In Port

2nd Feb.

1st Feb.

11th Feb,

28th Feb.

9th Feb.

* only to Singapore, Penang & B, Dell.

not calling at Singapore.

• MANILA, EAST & · SOUTH AFRICA and

SOUTH AMERICA "TJIPANAS”

*TJIRADAK”

ARRIVALS .30th Jan,

"BOISSEVAIN" **TJIBADANE* **

.20th Jan.

SAILINGS 15th Feb.§ 17th Afar. Both Mar,

1st Feb.

via Japan.

**

not calling Manila & 3. Americs,

• JAPAN

ARRIVALS

SAILINGS

"DOISSEVAIN"

.10th Mar,

28th Jan.

15th Feb.

5th Feb.

“TJIPANAS”

"TJIBADAK”

Agents: HOLLAND EAST ASIA LINE

'O' EUROPE via MANILA

and MALAYA

"MELISKERK” "AAGTEKERK”

"TJIWANGI"

Through

Bs/L issued

to

Mediterranean and Northern

European Ports.

© JAPAN

"MELISKERK” † "AAGTEKERK” †

+ via Manila,

ARRIVALS

5th Feb. 3rd Feb.

ARRIVALS

Oth Feb.

3th Mar.

SAILINGS 19th Feb.

Kth Mar.

SAILINGS

10th Feb.

BERISCES BUILDINU. TULEKHONEST, 2801GHTOF 2011 –

AMERICAN PRESIDENT LINES

The Gl

ST. GEORGE'S BLDG.

PHONE 28112/5.

TO HONOLULU AND SAN FRANCISCO via JAPAN PRESIDENT WILSON PRESIDENT CLEVELAND

8 Feb. 5 Balls Feb. 28

Arr Peb. 4 Att. Feb. 2 TO SAN FRANCISCO AND LOS ANGELES via JAPAN PRESIDENT TAFT

PRESIDENT

Arr. Jan TL'

Bails Feb.

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

FILLMORE

Arr. Feb. 13 Bails reb. 13 ROUND-THE-WORLD" V Via Marilla, Singapore, Colombo, Cochin, Bombay, Karachi, Suez, Port Said, Alexandriá, Naples,

Mamelles, Genoa, New York & Boston,

Arr. J. 30 PRESIDENT JEFFERSON

Sail Jan. 30

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-re 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:--- Isbrandtson

INDEPENDENT

DEPENDABLE

Regular Sailings from Hongkong to New York, Baltimore and Philadelphia via San Francisco or Los Angeles

New York, Jan. 22. Closing foreign exchange: Canada Britain

Belgium,

99.00 $2.80

1,09

0.20%

26.20

0.10%

3,40

19.37

23.28

2160

30.00 17A3

Associated Press.

S.S. "FLYING CLOUD”

DUE FROM:

New York vio Manila Feb. 1st

Sweden Switzerland Argentina Brazil

Mexico Venezuela Hong Kon

NEW YORK BANK

QUOTATIONS

New York, Jan. 22. Closing bank quotations.

bid asked Bank of America... 2596

3:01 ... 31 47 Asociated Press.

a

Chase National Bank.. National City Bank

In 10 months of trading from January to Oc tober,

1950, Communist China recorded favourable export balance of 32.23 percent of total imports, Peking Radio reported tonight.

In both the export and import fields trading establishments did more business privately-operated organisations. The

were:

New York Metals

State than figures hore

New York, Jan. 22. Prices in the metal market closed unchanged today with the following expectations: Tin, Grade A (99.80 per cont or higher) New York, per lb. 175.50 United Press.

been Front NEW YORK COPPER S.C.M.POST,LTD. 09.04 percent; Private concorns achievements in the prohibition New York, Jan. 22.

Copper futures closed un- There have changed. tho or April

27,00

Branch Office

SALISBURY ROAD

graph Staff Photographers KOWLOON

are on view. In the Morning Post Building,

ORDERS BOOKED

(One minute From Peninsula Hotel) ·

Export-State trading bodies | percent of the year's citimated 54.33 percent; Private concerns quota. 45,02 percent.

CUSTOMS CHANGED The broadcast claimed that Import:-State trading bodies there had

30.08 percent....

of amuggling.

It further bald, China's chief exports were been, big reforms in soya beans, tung oll, hog bris-gankadon of Custom houses. ties, peanuts, eggs, tea, mineral The number of these has been bres. Her chief imported goods reduced from 173 to 70 and the wero

instalmenio and raw system of foreign commissioners materials for Industrial pro-and Inspector-General of Cus-

15 bech duction, the Tadlo cald.

toms

ch dono away with. has "For the first time in the It added that the old mothed past

tho Chinese phat 100 0 years of complicated Customs spection had been simplied. tom houses throughout China. Up to the end of 1950, ac by themacives and bave put cording to preliminary statis Into forco sovereign Custorns rice, barist receipts were 144A7 | rights."Reuter..

-Associated Press.

Exchange Rates

SAILS FOR:

Kobe, Nagoya, Yokohama, San, Francisco, Los Angeles, Now, York, Baltimore, Philadelphia, Boston via Panama Canal Feb. 2nd

(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.

Tel: 25846 12-14 Queen's Road Contral 4th Floor.

· CHINESE AGENTS:

15,42

0.000

48 Bonham Strand West, 1st Floor.

OVERSEA CHINESE in people have managed all Culoring at the following rates

Business, was done in thay man unofficial EXCİLENES

This market

Sterling note (kor A). V.B. dollars (pár #1) indonesia, kuliders Kper 109) Blomm - tivals' (per 100)

Bingapore{542)

FIC" plastres (per 100)

STEAMSHIP CO., LTD.

Tolot 26127 & 81119.