1951-01-24 — Page 9

MESSAGERIES

M

"LA MARSEILLAISE"

"GRANVILLE"

ARRIVALS

MARITIMES Wall Street

M

from Marsellies via Balgon 25th Jan.

from Europe

SAILINGS

PASSENGER/FREIGHT SERVICE

"LA MARSEILLAISE” "A MARSEN LAISE** "FELIX ROUSSEL"

to Japan

via

5th Feb.

Manila. 26th Jan, to Marnelfies via Manila 9th Feb; to Marseilles via Manila 1st Apr.

FREIGHT SERVICE

"BEAUVAIS" "COURSEULLES"

***MEINAM"

N. Africa & Europe 16th Feb. N. Africa & Europe 10th Mar. ..N. Africa & Europe 20th Mar,

for

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

ANTWERP & ROTTERDAM.

CIE DES MESSAGERIES MARITIMES Queen's Building

Swing To Higher Level

A

Market Spurts At The Close

QUESTION ON New Price MALAYA RUBBER Record At

IN COMMONS

(FROM OUR OWN CORRESPONDENT)

London, Jan. 23.

Wool Sales

Sydney, Jan. 23. A new Australian price record for wool was estab- Sydney today

The question of shipments of Malayan rublished in ber to Russia is to be raised in Parliament carly in when 313% pence a pound the new session.

for was paid

superfine merino flecce from England. This 15 three farthings a record made

Today's market showed a good

New York, Jan. 23. After struggling through slow session, the stock market today managed to:

The whole question of trade relations with swing higher.

Most of the impetus for the Iron Curtain countries has undergone con-pound above the rluc wha concentrated

nsiderable re-examination since it was last dis-t Goulburn last week. closing phases of the pession.

There was nothing outstanding cussed in Parliament as a result of Mr Churchill's all round advance of five per cent over the previous kiny'a in the news to call for a move-attack on the Government for permitting ship-sales with a further firming

'all grades merino.

Most woul was again taken by Continental buyers.

A fair quantity went to Japan, A strong demand from America, which was evident on Monday

today. continued Associated Press.

mont of prices in either direc-

tion

on and apathetic.

traders appeared ments of strategic materials to Russia.

Gains and longes were mostly fractional. Five hundred issues advanced and 383 declined.

Transters were 2,080,000— smallest since Dec. 13.

Gainers

Tel, 26661 (Three Lines)

U.S.

AMERICAN PRESIDENT LINES

PRRAIDENT WILSON PRESIDENT

CLEVELAND

PHONE 28172/5.

The Government then rc- that the whole matter piled was under continuous review.

The Western Powera have interval to k agreed in the

for ensuring "most Included Pepeleola, scheme Gypsum,

American effective distribution" of row Cyanamid, Douglas Aircraft, materials involving a far grea Baldwin Lima National Supply, ter degree of international co-

Vultee, Telauto-operation than he Consolidated

existed graph,

hitherto Among

the stumblers

were Although no details of this Phillips Petroleum, Baltimore scheme are yet available it is and Ohlo, Dome Mines, Aircraft.

Dow Jones averages:

20 Industrials

Stocks

15 Rails

Air Feb. Atr. Feb. 27

Baile Feb. 5

10 Utilities

Sail Feb. 28

Sails Feb.

ST. GEORge's blog.

TO HONOLULU AND SAN FRANCISCO via JAPAN

TO SAN FRANCISCO AND LOS ANGELES vla JAPAN PRESIDENT TAFT

Arr. Feb. 2

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

ROUND-THE-WORLD Via Manlia, Singapore, Colombe, Cochin, Bombay, Karachi, Sues, Port Said, Alexandria, Naples, Marsellies, Genoa, New York & Boston,

PRESIDENT JEFFERSON

PRESIDENT FILLMORE

Air. Feb. 17

Salts Feb. 13

Агг. зан. 30

WATERMAN

STEAMSHIP

Baile Jan. 30

HONGKONG

The

SHARE MARKET

volume of business

Lendency

for

Split-Up Of

United belleved rubber will be one of transacted on the Stock Exchange Warner

the first commodities to be sub-this morning jected to some form of interna- 01.41. tional control. 245.30,

2. 42.36.

-Associated Press.

ALLOTTING

NEW CARS

The

recent strength of the rubber market is an indication that this view is held by dealers, and the recent Large shipments of rubber to Russia are taken as

to:

a sign that Moscow is concerned a possible tightening up about on exports

Iron Curtain countries and is buying while

still are

freely

was valued at $190,570. The half day's busi- noon closing prices ness and were as follow: SHARES BUYERS SELLERS SALES BANKS -

HK Band .. 1220 INSURANCES

Union ** Underwritera 2.30 DOCKS, ETC.

K. Whart Dock

בן

133

Corporation

of

New York, Jan. 23. Stockholders of Warner Brothers Pictures will vote at the annual 6000 meeting on Feb. 20 on a plan for

100 @ 630

0.30 6.70 1000 @ 0.40

32 1.05

12

Provident

05

Wheelock

103%

supplica

LAND, ETC.

vailable.

HK Hotel

The Government's pwards this trade with Russi huy become clearer next week.

attitude

HK Land Shal Land

UTILITIES

vative MP for Woolwich,

who

IN BRITAIN Mr William Steward, Conser-

Tram

....... 1135 C. Light (0) 5.75 C, Light (N) Electric... 23.25

is a restauranteur and farmer, London, Jan. 23.

is seeking clarification of the Motor agents have now re- Government policy and has put INDUSTRIALS

question ceived guidance on the allocn- down tion of new cars. This follows Colonial Secretary which the

the two- "whether he is aware that valu- introduction of

able war material such as rub- year covenant,

shipped Manufacturers

then ber hos recently been were

from Malaya 10 Russia and

000 11.30 300 a 11.50 6 600 5.00 3.50 2500 3.40

140 @ 2 500 235 100 @ 23.50

for the asks

Cement.... 11.25

་

Rope

STORES, ETC.

Darry Dodry (N) Watoon

1114

10.30

201

Crawford 30

2.30 1.50

CORPORATION directed that persons who had what steps he is taking to stop

MOBILE ALA, USA

WATERMAN LINE EXPRESS

FREIGHT SERVICE

FROM U.S. ATLANTIC COAST VIA JAPAN

S. E. "ANDREW JACKSON” ...Due about

2. 3. “KYSKA”

•

DIRECT FOR

27th Feb. 1951 12th Mar, 1951

NEW YORK, BALTIMORE & PHILADELPHIA

VIA JAPAN & HONOLULU,

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

3. "KYSKA"

ALSO ACCEPTING TRANSHIPMENT CARGO FOR

GULF PORTS.

taken delivery of a new post- war car should be barred from getting another unless there were exceptionally good rea- sons. The onus was placed on

this trafic." London Express COTTONS

Dwn Service.

the retaller, but no precise in New York Sugar

structions were given.

Now, in a letter to its mem- bcrs, the Motor Agents AS- soclailon states that it will be the responsibility of the retailer obtain the following 17- formation before allocating a new car:

The number, make, type, age and condition of any other car owned by the

.Futures

New York, Jan, 23, World sugar futures closed today 1 to 2 lower, with sales totaling 154 contracts.

Contracts No. 6 closed today unchanged to 6 lower, with sales totalling 159 contracis.

Prices

as for closexi today

Contract No. 4 (world)

5.00 traded 6.05 traded 6.05 traded 6.05 traded 4.05

customer.

28th Feb, 1951

13th Mar. 1951

What other cars the customer lows:- has owned and disposed of since the war, and the reasons for their disposal.

January March

May

That the use for which the new car is required really is an essential use,

July

Spot

Contract No, &

January

542 bid

That the facts disclosed March Justify delivery.

0.42 bid

5.50 bid

WALLEM & CO., LTD.

Agents

Hongkong & Shanghai Bank Building Telephones:-38041-5

M.V. “LA MARSEILLAISE”

will sail for

MANILA, YOKOHAMA AND KOBE.

on

Friday the 26th January at 8 p.m.

Passengers are requested to board the vessel with their cabin baggage on the 26th January between 5 p.m. and 7 p.m.

Baggage Room and Hold Baggage will be registered at Kowloon Godown No. 50 (No. 2 Gato Canton Road, Entrance) on the 25th January between 9 A.M. and 5 P.M. and 26th January between 9 AM. and NOON.

CIE DES MESSAGERIES MARITIMES Queen's Building,

PRESS PHOTOGRAPHS

Tel. 26851.

NOW OPEN

Copies of photograph S.C.M. POST,LTD.

takon by the South China' Morning Post, South China Sunday Post-Harald, China Mail and Hong Kong -Tale- graph Staff Photographors are on view in the Moming Post Building,¦'

ORDERS BOOKED

Branch Office

SALISBURY ROAD

KOWLOON

(One minute from

Paninsula Hotéi)

May July being Spot

These instructions are made a condition of the supply of the manufacturers' vehicles to distributors and dealers.

Proposals By

Cotton Council

P14 979

5.50

United Press.

New York Rubber Futures

New York, Jan. 23. The spot and futures market ruled quiet and casier in tone. The commodity exchange mar- ket closed 200 to 240 points lower, with sales of 10 contracts, all representing exchanges of contracts for physical rubber, The spot market ruled duli with a price gap of 2 to 3 cents pound separating buyers and sellers.

حده

dividing the corporation into two separate units theatre com- pany and picture making company.

Under the reorganisation plan, which grow out of a consent judgment agreed upon with the Justice Department, approval

of holders of two-thirds of the

sock must approve the split-up. One-half share of stock in the new theatre company and one- half share in the new pleture 5000 11

exchanged company would be 1000 11

each share of the present 1000 @ 1125 corporation. Associated Press.

London Stock Exchange

and

London, Jan. 23, Textile, steel and electrical issues were generally firm on the London Stock Exchange gains were marked up for selected oil and mining shares.

Japanese bonds closed strong with 1907s up 144, the 1910s up

and the 1830s up

There was little action among the British Government bonds, which finished unchanged to

Financial of a point lower. Times' Index: 119.9.-Associated Press

LONDON TIN

·

MARKET

London, Jan. 23. The tin market moved up this morning. Turnover was 150 tons, all for three months.

Prices closed today at the end of the official morning session as follows:-

Spot tin, buyers Spot tin, sellers Business done at

1,250 1,200

rill

Д

Three-months tin,

buyers, Three-months tin.

wellers Business done at Settlement

1,210

1,215

Biloxi, Jan. 23. Mr Read Dunn, Jr., Foreign Trade Director of the National Cotton Council, which is hold- meeting here, ing Its annual

The holiday at Singapore te- said the Council JB urging duced the volume of shipment every effort demanded to check offerings. Prices closed today an Inflation, yet at the same time as follows:- achieve the production that is Spol vitally needed.

March

To check inflation, firstly May

production

should be stimulated

to balance supply and demand

as much as possible, secondly,

July

71-1

07.50 bid C.EU bli $7.50 bid

United Press.

1.225-1.215 1,265 -Valted Press.

COTTON TEXTILE

MARKET

allocations should be imposed New York Black were still on the sidelines ex-

to control the distribution of scarce materials, and finally, higher taxes should be levied and stringent controls should be established.

Pepper

Now York, Jan. 23. The cotton textile market was Arm but quiet, Most mills pecting stricter price controls.

Scattered Iolo

of print cloth sold for nearby delivery. The popular 80 square print cloths sold at 29-20 % cents a yard in Black pepper futures closed the re-sale market. organisation is work today inactive and nominally The wool goods market was ing continually with State and unchanged. Dealers reported steady. Federal Agencies toward the sporadic inquiry from grinders in Rayon goods were firm, with ottainment of the 10,000,000- bales cotton goal set by Depart. / the outside market but indicated | offerings tightening up.-Asso~" |

business generally remained ciated Press.

Mr Dunn said the cotton

Industry

ment of Agriculture for this year.-United Press.

World Bank

Loans To S. Africa

Washington, Jan. 23.

to to

New York, Jan. 23.

that on the quiet side.

Prices closed today S follows:-

January February

March

May

1.30 nominial

1.75 nomina! 1.65 nominal 1.00 nominia) United Press,

Foreign Bonds

In New York

Exchange Rates

Business was done in the local unofficial exchange market this morning at the following rates;- Sterling note (per 2)

10.42 U.S. dollars (ver $1) Indonesia guilders (per 100)

Siam Ucals (per 100) Bingapore (Straits). FIC plastres (per, 100)

8.0270

12.70

Exchanges In NY

New York, Jan. 23.. The World Bank today grant- Foreign dollar

мето bonda

HL New York, Ján, 23, éd US$30,000,000 in loans mixed in today's trading.

Closing foreign exchange: the Union, of South Afrien

Most interesting transaction Canada build up that country's transport of the session was the transfer Belgium and electric power systems. of 2,100 par value bonds of the France

Bank President

Government Rallway Holland at the same five per cent lame at US$60, timo that South Africa has gain of 20.—-Associated Press. arranged to borrow another

Black announced

Eugene R. Chinesa

ITSD from DJ. 5. pri-

-vate

Mr Black cald in a statement It was "the first occasion where there has been simultaneous participation

by.

private

nancial marketer in meeting capital requirements of

the

our member countries."

New York Bank

Quotations

New York, Jan. 23. Closing bank quotations:

asked Bank of America............... 2543

Ho called it most gratifying Chao National

·National City

to "Amocinded Press,

Gundarosiated Press.

for

N

R. I. L.

ROYAL

INTEROCEAN

SINGAPORE JAVA PORTS and

MACASSAR

"NIEUW HOLLAND” ± "TJISADANE” *** "TASMAN" * "VAN HEUTSZ” *"TJITJALENGKA"

"TJIWANGI"

***

to Singapore & Java,

ARRIVALS

In Fort

.In Fort

In

Fort

1st Feb.

9th Feb.

only to Singapore, Penang & B, Dell not calling at Singapore.

O MANILA, EAST &

SOUTH AFRICA and

SOUTH AMERICA “TJIPANAS” "BOISSEVAIN".

"JISADANE"

"TJIBADAK”

# vla Japan.

ARRIVALS .....30th Jan, .20th Jan

1st Feb.

not calline Manila & 8. America,

O JAPAN

"BOISSEVAIN"

""TJIPANAS"

"TJIBADAK"

ARRIVALS

10th Mar,

LINES

SAILINGS

20th Jan 27th Jan,

2nd Feb.

11th Feb.

28th Feb.

SAILINGS

15th Feb. 17th Mar. 20th Mar

SAILINGS

E8th Jan 15th Feb.

5th Feb.

Agents: HOLLAND EAST ASIA LINE

⚫ EUROPE við MANILA

and MALAYA

"MELISKERK"

"AAGTEKERK" “TJIWANGI"

Through Bs/L issued to Mediterranean and NorthErD European Porta.

© JAPAN

ARRIVALS

8th Feb.

3rd Feb.

ARRIVALS

"MELISKERK” + "AAGTEKERK" †

9th Feb.

3th Mar.

+

yla Manjla,

SAILINGS 10th Feb.

5th Mar,

SAILINGS

10th Feb.

EEKINGSEBIEDING SILUMUONESE SUMITOM] =

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 feel that they are practical principal ports of the world, and we like to symbols of this philosophy:— Isbrandtsen

INDEPENDENT

DEPENDABLE

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

S.S. "FLYING CLOUD"

DUE FROM:

New York via Manila Feb, 1st

SAILS FOR:

Kobe, Nagoya, Yokohama, Son, Francisco, Los Angeles, New York, Baltimore, Philadelphia, Boston via Papama 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.

12-14 Queen's Road Central 4th Floor.

Tel: 25346

CHINESE AGENTS:

OVERSEA CHINESE STEAMSHIP CO., LTD.

48 Bonham Strand West, 1st Floor,

Tels: 26127 & 81119.

Pacific Far East Line, Inc.

Fast Rogular Trans-Pacific Servico

OVERLAND

NEW YORK-CHICAGO DETROIT-TORONTO MONTREAL AND ALL AMERICAN & CANADIAN CITIES

04.87

DIICT

Switzerland

1.99 0.28% 20.20 23.20

'DAN FRANCISCO, LOS

ANGELES

Vessel

Arrivég

-Associated Pres.

“PHILIPPINS DEAR”

"SAN ANGELO VICTORY" *. I. LUCKENBACH” "INDIAN HEART

San Francisco,

Straits

Jan. 24

Jan. 25

Jon. 20

San Francisco

Ban Francisco

Biralka

Feb. 10

Feb. 19

Tob. 11

Feb. 20

Mar. 11

New York Metals

New York, Jan. 23. Prices of the metal market closed

unchanged here today with the following exceptione:

Tin, Grade A (99.80 per cent or higher).

New York, per 1b. 170-

Unitext: FromM,

*<*, J. LUCKENBACH”.

Mar: 10

For

Bingapore Djakuris," Bombay,

Karwohl & Bowrah

San Francisco de Kos: Angvies

via Japan

Gingapore, Djakarta, Dómstay..

Karachi & Daerah, and

Beet · Franckob wie Koba

| Beni Francisco, vis Kobe, d

-Yokohama

Tor' fall particulary onli Cirustat Agente, United States Edno Ov. Quota's Building, Tel: 2819L