1951-01-25 — Page 9

THE CHINA MAIL, THURSDAY, JANUARI 20, 1951.

MESSAGERIES MARITIMES Stock Exchange U.S. GENERAL PRICE Wall Street

M

"GRANVILLE"

ARRIVALS from Europe

SAILINGS

M

PASSENGER/FREIGHT SERVICE

"LA MARSEILLAIĢE"

"LA MARSEILLAJŠE" "FELIX ROUSSEL"

"REAUVAIS"

"COURSEULLES”

"MEINAM"

5th Feb.

via Manila 28th Jan, to Japan to Marseilles via Manila 9th Feb, to Marsellies via Manila 1st Apr.

FREIGHT SERVICE

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

Tel. 26651 (Three Lines)

WATERMAN

STEAMSHIP

X CORPORATION

MOBILE ALA USA

WATERMAN LINE EXPRESS

FREIGHT SERVICE

Declines

London, Jan, 24. Now official warnings that a fuel crisis may hit British Industry next month dampened prooted- bate on the London Stock Exchange today.

British Government polis fell 14 to 3/10 of a bomis point all along the line. Shipping, tobacco, brewery electrical equi

equipment slook also declined,

Foreign bonds were dull. Japanese issues all closed with losses for the day, the. 1997's closing down, the 10108 down 12, and the 1930s down Vá.

Financial Times' Index: 119.9.-Associated

COTTON TRADERS

NERVOUS

I

FREEZE EXPECTED Unsettled: R. L

IN FEBRUARY

New York, Jan. 24.

Price Decline

New York, Jan 24. Diplomatie manoeuvring in world capitals to end the Korean war and Washington efforts to opcod combrile controlsun

The Iron Age, metalworking trade weekly said today that a general price freeze on nearly celtied the stock market today all products and commodities will become effective about Feb. 15.

and brought on moderate-

sized price doclines,

At the same time a fow in- enlivened the dividual lazuŁCE

A controlled materials plan will be in effect session with wide swings up or by June, if not sooner, it added.

commented,

The publication "Both of these anti-illation weapons will be hampered in their early stages by a dire shortago of administrativo

but

tite cries for heavy tillery against Inflation liave|

that

the Government can no longer resist them."

are

a

Steel producers dither, the Iron Age caid, trying to meet the constantly shifting needs of defence and essential civilian

and still programmes tell their

regular customers what to expect

have Production schedules been upset, it added, by the ever-changing pattern of defence orders and Government-reced tonnage.

ja

New York, Jan. 24. Colton futures see-sawed nervously today while traders were anxious to know about the Goverment price freeze order which may come by Thursday night. The uncertainties "While steel people feel that a

materials plan by Rod China's latest controlled ention also

to necessary to restore order to the confused market." the trade keep traders anxious,

"they also After

mild start, prices weekly continued, moved up to maximum going of fear it. Once the economy 12th Mar. 18515 to 22 points, carrying nearby controlled to this extent it will be hard to get the controls lifted."

FROM U.S. ATLANTIC COAST VIA JAPAN 8, s. "ANDREW JACKSON" ...Due about ..... 27th Feb. 1851

7. 8. "KYSKA"

DIRECT FOR

NEW YORK, BALTIMORE & PHILADELPHIA

VIA JAPAN & HONOLULU.

1. 8. "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"

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.

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

CIE DES MESSAGERIES maritimES

Queen's Building,

Tel. 26651.

SAS

D. C.

SERVICE

EVERY FRIDAY: 107 Karachi, Lydda, Rome, Zurich, Frankfort, Copenhagen, Oslo, Stockholm and New York. BAD BERVES 18 European Countries and N. & 8. America. Agents: THORESEN & CO. LTD. Tel: 81241/2/3,

A

acted

March to a new peak of 44.03 cents a pound. It turned easier to close 45 lower to 2 points higher.

The price Administrator, Mr Disalle, told the United Press that no decision had been reach- ed whether

would raw colton be

by covered

the general freeze, although he ad- mill that the price of cotton was 1ove parity and it could be legally controlled.

However,

It is always inight along the line," he

he said.

pickssible that we up somewhere

Some observers took this to mean that raw cotton might be exempled with controls applied indirectly by con'rolling man- ufactured cotton items.

Prices closed today as fol lows:-

Spot

March (1051)

May

July

October

December

March (1963)

May

July

45.30 nominal

44.00

44.05-44.06

13.72

41.41 1120-4121 41.10

41.00

10.70 nominal United Press,

NEW ORLEANS MARKET

Closing rate January 24

Spot

44.40 nominal

March (1961)

44.47

May

44.00-14.04

July

43.20

October

41,47-41.48

December

41.03

March (1952)

40.92

May July

40,72

40.47 but

United Presa, ·

s

It added: "Defence orders for stainless stee), particularly sheets, are growing by leaps and bounds,

Steelmaking operations this week were placed by the Iron Age at 101 per cent of rated capacity, another new all-time record for steel produced in a single week-Associated Press.

HONGKONG SHARE

MARKET

The volume of business transacted on the Stock Exchange this morning was valued at $148,420. The half day's business! and noon closing prices were as follow:

BHARES BUYERS SELLERS BALES

BANKS

HK Bank 1240 1200 Ent Aska INSURANCES

Union

......

09

620

Underwriter 2.00

DOCKS, ETC. K. WEIAL Dock

Provident

Wheelock

LAND, ETC. HK Hotel

CONTROL HINTED Land

Ottawa, Jan, 24.

A plan to institute compul- Bory priority control in Canada on nickel, copper and zine is being studied by officials.

Government

However, they are not likely

12

数码

16

0.40 015 GOO

Shal Land 1.00 UTILITIES

Тгал ....... 11.25 C. Light (0) 5,70

C. Light (N) Electric

esee

01%

1000 615

6.80

15.00

2014

RESTRICTED

BUSINESS

IN RUBBER

down.

were

Lower all around motora, aircrafts, utilities, cop- per mining, airlines and most chemicals and rails.

ROYAL

LINES INTEROCEAN

SINGAPORE JAVA PORTS and

MACASSAR

"NIEUW HOLLAND" $ "TJIBADANE” *** "TASMAN" *

"VAN HEUTSZ"

"EHTJALENGKA”.

*TJIWANGI"

+ to Singapore & Javahe

*

ARRIVALS

.Ic

Port

In Port

.In Fort

181 Feb.

9th Fob.

only to Singapore, Penang & . Doll,

not calling at Singapore,

SAILINGS

16th Jan,

27th Jan.

End Feb.

11th Fob.

28th Feb,

O

MANILA, EAST & SOUTH AFRICA and SOUTH AMERICA

"TJITANAS"

ARRIVALS 31st Jan,

"BOISSEVAIN”

27th Jan

SAILINGS 15th Feb.B 17th Mar,

TJIBADANE" **

29th Mar,

1,260,000

"TJIBADAK”

4th Feb.

8 via Japa.

00.02

24430 02.20 42.04

** pot calling Manlia & S. America. JAPAN

ARRIVALS

SAILINGS

"BOISSEVAIN”

16th Mar.

2015 Jan.

-Associated Press.

**TJIPANAS"

15th Feb.

"EJIIKÁDAK"

$th Feb.

чисто

Losses ranged from fractions to more than a point. Among the stumblcTS WOTD Douglas Aircraft, Boston And Malpo Railroad, Pelzocolu.

Galuers included Budd Com- Ipa Artican Radiator, -

Petroleum. Transfers New York, Jan. 24,

shares

Dow Jones averages: The price

gap separating

Stocks Government buyers and Eastern

20 Industriais shippers continued to restrict

15 Raila businesa In the

rubber EDOL 2010 UNilles Dealers reported a market. fair amount of switching In an ppparent move to round out But little new business

inventory position lisen

for

con-

"

LONDON TIN MARKET

London, Jan. 24,

On the commodity exchange, cased after a strong start the list off 50 paints at the- close. Sales totalled 15 con- than half. repre- tracts, more

The tin market opened enster sented in exchanges of contracts

rubber, Open spot tracts on the exchange at the but the tone was steady. Turn- lows of trading on Tuesday to over was 30 tons of spot and falled 255 contracts, a decrease 45 tons of three-months. Prices closed today at the end of the of 10 from the previous day.

oficial

cession 03 morning Prices closed today 18

follows:- follows:-

Spot th, buyers 72 Spot

Spot tin, pleru 07.00 bid Buner done at Murth

02.00 bid May July

United Press.

Agents: HOLLAND EAST ASIA LINE

Q EUROPE via MANILA and MALAYA

"MELISKERF'"** "AAGTEKERK” "TJIWANGI"

Through B/L issued to Mediterranean and Northern European Ports.

O JAPAN

*MELISKERK" † “AAGTEKERK" †

1.235

1,340

1248-

7.235

† via Manjia,

57.00 bid Three-months tin, buyers

Three-months tin, United Press.

Business done at LONDON MARKET

Soltlement London, Jan, 24. Prices of rubber futures closed here today as follows:-- No 1 rubber (in cents

1,215

sollic

1,220

1,225-

1,220

1,235

01-15-02-15

50-12-14

57-15-50

52-15-53

18-12-49

-United Press

per tb.)

February

March April/Jung

July/September

October/December

S'PORE MARKET

COTTON TEXTILE

The

was

MARKET

New York, Jan. 24. cotton textile market Singapore, Jan. 24.

dull, with mills and Prices of rubber futures buyers anticipating a possible closed here today as follows:- freeze

Only on prices soon. Number 1 rubber, per tb.

scattered lots of print cloths 206-207 January

Bold, 199-400 and other constructions February Number rubber, January 200-201 mostly in the re-sale market,

The wool goods market woo 107-108 Number 4 rubber, January Number 3 rubber, January 194-195 Spot rubber, undated

215-316 strong. Most mills were with- Black creon

216-218 drawn because of price-control 175-177 developments and soaring new United Press.

No 1 pale crepa

wool prices which have made It difficult for mills to deter- wine their future course of

New York Sugar operations

Futures

Now York, Jan. 24. World sugar futures closed today 2 to 4 lower, with sales totalling 23 contracts.

Contract No. 6 closed today

1 to 3 lower, with sales totalling 46 contracts.

Prices closed

today us fol-

lows:

2015

Contract No. 4 (world)

to follow those of the United INDUSTRIALS States. The Government is not likely to order a direct ban on,

January

5.0à hid

Cement..... 1

3000

11

March

5.02 bld

300 @ 1115

May July

5,02 btd 6.32 bid

Hope

1114

Spot

5.03

Contract No. 0

11

1000 to 11

500

January

11

March

the use of nickel on automobile ĮSTORES, ETC.

Darry trim and other civilian products, -Associated Press.

Bonds Improve

New York, Jan. 24. Dollar bonds of countries in the Communist orbit improved today on news of manoeuvres to end the war in Korea,

Chinese Government rallway

Dairy (N)

Dairy IN). 105

Watson * 2015 2014

Crawford 20

COTTONS

Ewo

2.30 2.60

Bank Quotations

New York, Jan. 24.

Cloning quotations:

five per cent bonds ($1,000 Sace Bank of America: 2515 bid. 27 asked. value) sold at $65, up $5.-Asso. Chase National: 374 bid, 39% asked. National City: 4575 bid. 4731 asked. ciated Press,

-Associated Press.

Big Trade Boom

Midlands

Hits

London, Jan. 24.

May

July

Spot

5.41 bid 5.40 traded

5.33 bid 5.50

United Press.

Black Pepper Futures

New York, Jan. 24. Black pepper futures closed totlay 3 to conts a "pound higher, with one lot of five tons trading for February delivery at $1.78

a pound. The strength reflected

In the mot starply higher basis i supplies avallable

The limited

for mediate shipment and the re- fusal of some Indian shippera to consider overnight bids act- od to tighten the situation, de- controis

Thousands of prosperity seckers from all spite the uncertainty over price Prices closed today as fol- parts of the country are daily flocking to join the

lows:- thousands more who have stormed the Midlands January

February intent on sharing the biggest trade boom known arch there since the Victorian industrial revival period.

High wages and a surfeit of jobs have turned

May

1.83 nominal

1.70 nominal

1.78 nominal

1,63 nominal

Untled Pres.

it into Britain's trade boom centre and increased Exchanges In NY the population in the area by more than five per- cent above the average increase for the rest of the country.

SCANDINAVIAN AIRLINES SYSTEM This prosperity

PRESS PHOTOGRAPHS

Copies of photographs | takon by the South China Morning Post, South China Sunday Post Herald, China Mail and Hong Kong Tals- „graph. Stoff: Photographors

aro on view in tha

Morning Post Building.

ORDERS BOOKED

7.A.P.D.

NOW OPEN

New York, Jan. 24. Closing foreign exchange: Canada

04.0344 Switzerland

23.81 Venezuela

30.00

Midland and

Others unchanged.--Associated Prest

of

Ban On Nickel ·

Washington. Jan. 24.

Fublications, Ltd, of London, preporous Birmingham, are

tho

end

【S.C.M. POST, LTD. of the

Branch Office

SALISBURY ROAD

KOWLOON

(One minuto from Peninsula Hotel)

and

pat-wages to reveal the The Government today bennod

other

spotlight on are included in the "above-the- the area is directed by a nation-average" incomes échedules. wide marketing survey of living Surprisingly two and retail outlets published in a towns, Brierley •Hil 600-page booklet by Burine Smethwick, on the borders

reveals survey

the "below average" that the rated in hole.

trade Industrial torn of

of Erilain has changed since There

of the war. Boom towns enterprise of British manufac the use of nickel in automobile:

in nearly 400 year, notably turers. They indicate that the trim and wor seaports, are shrinkhig to feed established Industries are adap- civilian products. The purpose workers to the post-war prosting themselves to new needs is to conserve the short-nickel anti, eszen- perity areas of the Midlands and and that newer ones are show-supply for defence the West Country,

ing healthy development, partitial civilian needs-Aspocioled cularly chemicalò, -

Press. plastics, Outstanding boom towns of radar and radio communication the Midlands, anys the survoy, groups.. are Button Coldfield and "Soll-· The entering industry con bull in tho

Birmingham thor An the country. In the

to expand foster than Exchange Rates districts, 'Whichi' enjor excep. any

· Mudaces, was: duita In Cho tocht tional high income levels and Midlands. It is enjoying an un-unofficial exchange market this lave shown largo Increase in precedented boom, mushroom morning at the following rates population Button Coldfield mik bats, and calca. having | us, (dollars) (prori. 3) #SR

Sterling note (per 4) Jolo, 1919 haa added 30 percent 10 sta spennar jan to sdeva the increased Indonesia guilders (per, 2097,051,60. population in the last few years hordes "14. "Bed and Breakfast"| Blem, Ucala (per 100) and Bolfull 88 percent. Both i wonloors,

Singapore" (Btralia) VIC plastres (DEN, 190) PR

Demand for rayon goods was strong, with offerings small- Associated Press.

A

ARRIVALS

5th Feb, 3rd Feb.

SAILINGS 10th Feb.

ARRIVALS.

0th Feb.

3th Mar,

Uth Mar.

SAILINGS

10th Feb.

CHONEST, BOLETUSOLE

વાર નALL SEE

AMERICAN PRESIDENT LINES

The Glo

BT. GEORGE'S Bldg.

PHONE 28172/5.

TO HONOLULU AND BAN FRANCISCO v JAPAN PRESIDENT WILSON

Art Feb. 4 Balis Feb. 5 Arr. Feb.

Salle Feb. 23

PRESIDENT CLEVELAND

TO SAN FRANCISCO AND LOS ANGELES vis JAPAN PRESIDENT TAFT

Arr. Feb. Z Gain Feb. 2 TO NEW YORK, BALTIMORE AND ‘BOSTON via PACIFIC COAST AND PANAMA PRESIDENT FILLMONE

Arr. Feb. 13

Balls Feb. 13

ROUND-THE-WORLD Via Manila, Singapore, Colombo, Cochla, Bembay, Karachi, Suez, Port Said, Alexandria, Naples, Marseilles, Genoa, New York & Boston. PRESIDENT JEFFERSON

Arr. Jan. 30 Balls Jan. 10

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 Isbrandtsen symbols of this philosophy

INDEPENDENT

DEPENDABLE ·

Regular Sailings from Hongkong to New York, Baltimoro and Philadelphia vía San Francisco or Los Angelos

S.S. "FLYING CLOUD”

DUE FROM:

New York via Manila Fob. But

SAILS FOR:

Kobe, Nagoya, Yokohama, San, Francisco, Los Angeles, New York, Baltimore, Philadelphia, Boston via Panama Canal. Feb. Oth

(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, FORMOSĄ, KOREA, JAPAN AND HONGKONG.

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

Tel: 25840

OVERSEA CHINESE STEAMSHIP CO., LTD."

CHINESE AGENTS:

7501

20.00

48 Bonhamn Strand West, 1st Floore ens

10.00

13.00

Teln: 2012748/201138.