1951-02-01 — Page 9

MESSAGERIES

M

**THEOGENNITOR"

"GRANVILLE"

ARRIVALS

from Europe

from Europe

MARITIMES|| Wool

M

6th Feb, 7th Feb.

SAILINGS

PASSENGER/FREIGHT SERVICE

"LA MARSEILLAISE"

"FELIX ROUSSEL"

to Marseilles via Manila to Marseliick via Manila

8th Feb, 1st Apr.

FREIGHT BERVICE

"BEAUVAIS"

"MEINAM"

"GRANVILLE"

..N. Africa & Europe 26th Feb. .N. Africa & Europe 21st Mar. N. Africa & Europe 26th 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)

WATERMA

STEAMSHIP

CORPORATION

MOBILE ALA UŞA

WATERMAN LINE EXPRESS

FREIGHT SERVICE

'FROM US. ATLANTIC COAST VIA JAPAN

a. s. "ANDREW JACKSON"...Due about ".. "KYSKA”

DIRECT FOR

27th Feb. 1951

12th Mar. 1951

NEW YORK, BALTIMORE & PHILADELPHIA

VIA JAPAN & HONOLULU.

THE CHINA MAIL, THURSDAY, FEBRUARY 1, 1951.

Wool Sets A Defence Expenditure RIL.

New Record

Sydney, Jan. 31.

Wool prices at the Goul- burn sales on Wednesday broke Australian and world records. Crossbred ́sold at 200 pence per pound, five per cent higher

her than at the Goulburn sales. previous Broken Comeback sold at 228

pence,

Competition came mainly from British and Australian mils with support from America and Russin.

Prices at Newcastle re- mained firm at the closing rates of the last Bydney Balcs.----Associated Press.

Conflicting Trends On Wall St.

over

Increases Danger Of

General

Inflation

London, Jan. 31.

At the end of 1950 our gold and dollar reserves stood at $3,000 million. Since the devaluation of the pound, when they stood at $1,425 million, they have more than doubled, and during the last quarter of 1950 they rose by $544 million.

Mr Gaitskell estimates that for 1950 we had

a surplus of £200 to £250 million in our external

trade, whereas in 1949 there was a deficit of £38 HONGKONG

million.

The

main recovery came } This is a world-wide prob.. In the second half of 1950, but lem, and it must' ngror be investors and others should note forgotten that it concerns hu- that much of the Improvement man beings. The first need is was due to the bigger earnings to create a sense of urgency, of British companies operating 60 that people are inspired, not nagged, to do the right

overseas.

SHIPPING

Kro

1210.

•

SHARE MARKET

**** | BNARES BUYERS SELLERS -SALES

ANKS

JIKK Bank Fast Asia

Union

Underwriters

K Fire*.

DOCKS, ETC.

K. Whart..

N. . Wharf

1340 1270 5 @ 1220

09 XI

120

2.75

120

ROYAL

INTEROCEAN

5 SINGAPORE JAVA

PORTS and MACASSAR "TASMAN" • "VAN HEUTSZ” “TJITJALENGKA” "TJIWANGI"

"TJIBADANE”

ARRIVALS

In Fort 3rd Feb.

. 10th Feb,

.27th Feb.

⚫ only to Singapore, Penang & B. Dell.

✪ MANILA, EAST &

SOUTH AFRICA and SOUTH AMERICA

“TJPANAS" "BOISSEVAIN" "TJISADANE" **

ARRIVALS

Tort

LINES

SAILINGS 3rd Feb.

11th Feb.

28th Feb,

SAILINGS

16th Feb. 24th Mar,

20th Mar,

Bill Feb.

17th Feb.

not ́calling Manila & 8. America,

**TJIBADAK"

"STRAAT SOENDA"

A via Japan.

O JAPAN

"ROISSEVAIN"

"TJIBADAK"

"TJIPANAS”

"TJISADANE”.

Lasued

ARRIVALS

SAILINGS

23rd Mar,

12th Feb.

18th Mor.

16th Feb.

1st Mar,

237214

250 723 $2000 415

Agents: HOLLAND EAST ASIA LINE

O EUROPE via MANILA

and MALAYA

"MELISKERK”

· "AAGTEKERK".

"TJWANGI”

Through Es/L

to

Mediterranean and Northern

European Ports.

200 45 JAPAN

DOG 41%

600 @ 43%

"MELISKERK" † "AAGTEKERK" +

via Manila,

ARRIVALS

7th Feb. 3rd Feb,

ARRIVALS

9th Feb.

SAILINGS

10th Feb.

6th Mar,

• REKINO SE BUILDINGSTELERİONES=28615 TO 280172–

New York, Jan. 31.

The volume of business trans- The stock market

It is tempting to argue that thing with all possible speed acted on was ir-

the Stock Exchange there must be interna- this morning Next, now

was valued at regular today under the impact our dollar shortage has

been overcome, but we are not tional co-operation over the trends.

busi- of conflicting

Just yet out of the wood.

Marshall distribution of raw materials $75,025. The morning's before the close, there wRS

mess and noon closing prices Aid

that has now come to an end,∞0,

shortages any Hurry of quick seling that

and our dollar receipts were mitigated as far as possible. were as followe depressed prices all around.

wollen last October by a Tho catablishment OL com- Volume was around 2,100,000 temporary influx of funds frommodity, groups is a move in shares. The steri section sagged the United

States. Our pre- that direction. Finally, people from the start. Disappointment sent

to must be encouraged and helped reserves, equivalent U.S.

Steel's 75-cent £1,180 million,

to produce more. are equal to

This is even dividend declaration on Tuesday only £303

million

in pre-war more important than persuading INSURANCES appeared to be a factor.

pounds, and so cannot be called them or forcing them to con- Rally moved mostly lower by adequate. Last but not least, sume less. These are the keys to small margins

as the railroad while the rise in world prices our economic policy for these ០ strike spread rapidly through may have added 100 million years of rearmament, the country and crippled freight to the

of our exports, proceeds of This movements.

tendency has added £400 million to was offset to a degree by highly the cost of our imports. There- favourable earnings reports and fore.

Red to paraphrase the dividend action.

Queen, we have to export £300 Stocks, moving up included million more in order to stay Pan-American World Airways, in the same place. Trans-World Airlines, Sears This rise in world prices i> Roebuck, Bocing, Douglas Air-one of the symptoms of the craft, Lockheed and American world's chief problem for 1951. Tobacco.

In brief, this problem is the Lower

New York impact of rearmament upon Central, Pennsylvania Railroad, world economy, which was al-

The Institute We Texas Company, General Elec-ready seriously strained.

American

announced Cyanamid, ran see other symptoms around Underwriters Domes Mines, Kennecott Cap. There are the shortages of Wednesday that a special

U.S.

Bethlehem, zinc, sulphur Sleet,

and sheet steel. and strike, riot and civil com-

would risk rale General Motors. Montgomery There is the new fuel crisis. motion Ward and Eastman Kodak.

The new spate

on shipping to three INDUSTRIALS of wage de imposed Dow Jones overages:

mands, either granted or under Middle East countries. 248.83. discussion, means fundamentally 38.58. that the producer, rather than 42.23. the consumer, is trying to call -Ascociated Press.

the tune. Superimposed upea

4. B. "ANDREW JACKSON" Sally about... 4. s. "KYSKA”

28th Feb. 1951

13th Mar. 1951

trie,

ALSO ACCEPTING TRANSHIPMENT CARGO FOR

per,

Were

GULF PORTS,

CO., LTD.

20 Industrials

15 Balls

WALLEM &

Agents

Hongkong & Shanghai Bank Building

Telephones:-38041-5

NOTICE TO CONSIGNEES

* TANTALUS“

<x

Вагелдей carro

this vermel will surveyed al Holt's Whart 10a.m. and

between

noon on

and con.

February 3ant 5, 1951, dances are requested to have thelr representatives trement during the survey.

BUTTERFIELD & SWIRE. Agents.

Hong Kong. February, 1, 1933.

NOTICE TO CONSIGNEES

CONSIGNEIS PER Australia-Work Pari

m/E "CITOS"

Line

are hereby notified that their cargo l being discharged into the Hong- kong & Kowloon Wharf & Godown Ce's godowns, where it whi be at ccasioners risk and subject to the Whart's Lerns

condition of and storage, and where delivery may be

binined

Damaged packages are to be left in the god wns for examination by Consigners and the Company's mur- veyors, Mera. Carmichael & Clarke at 19 A.m. on the 3rd February. 1931.

To comply with the General Bonded Warehouse Regulations, con- signees must have a Revenue Officer b attendance when damaged dutlable goods are examined.

No Calma will be admitted after the goods have left the steamer's godown and all goods remaining undelivered after the 5th February, 1931, will be subject to rent.

LAMMERT BROS.

Auctioneers, Surveyors

& Appraisers,

Pedder Building.

Telephone No. 20224.

LOW PRICES

Calculators, Typewriters

Carbons & Ribbons

The World Typewriter Co.

46, Wellington St., Tel: 20506.

Repairing Service.

All claims against the steamer Mr. & Mrs. BUYER ....

must be presented to the Under- signed on or before the 17th February, 1851, or they will not be recognised

No Fire Insurance will be effected.

DODWELL Co., 17. Agents.

Hongkong, ale January, 1951.

Consignees per

BR. "BENCRUACHAN” are hereby notified that their cargo e being discharged into the Hong kong & Kowloon Wharf & Godown Co's godowns, where it will be at Consignees risk and subject the Wharf's terms and condition of storage and where delivery mWLY be obtained

to

Damaged packages are to, po jett In the. Gotourne con examination by Corsigners and the Compwy's T- Carmichael and VEYOTE.

10 Uulities

Suspension Of Trading Continues

The

好きだ。

all is the prices.

อ

RISK RATE

ALTERED

Dock

Wheelock.*.

LAND, ETC.

1114

S'hal Land.. 1J75 Humphreys

736

3000 71

100 735

UTILITIES

London, Jan. 31.

Tram

112

of London

Star Ferry

00%

C. Light (0)

on

C. Light

wat

(Bonus)

Electric

2216

be

Telephone

0.10 1500

0

ID

ย

Cement

.... 1134 11.00 400 11.75 1500 11.30 500 11.65

STORES, ETC.

Dairy Watson

13

2014

2.60

500 230

The rate is two shillings per £100. It will be imposed on direct shipments to Jordan, Lebanon and Syria,

The rate rise in commodity

INFLATION THREAT The first need is a clear lead. As regards rearmament, "in- dustries want to be told what

they are to do the flow of

ас

have

was disclosed in the latest schedule of shipping COTTONS

Ewo risks issued by the Institute on Wednesday,

The schedule also reveals changes in risk rates on ship-

Firm Note

In London

this

15.25

Indonesia guilders (per 100) Siam ticals (per 100)

4.00 20.00

Singapore (Straits)

10.30 12,93

FIC plastres (per 100)

ping to Indonesia and/or the Exchange Rates orders and specifications has Dutch East Indies. The rate been slow, and only a minute previously. was 10 shillings per

Business was done in the local percentage of the productive £100.

unofficial exchange

market facilities

of the country have

Under the new schedule, the morning at the following rates:- rate been put on defence work...

shillings per Sterling note (per €) will be 10

only Ave US. dollars (per $11 the situation is not satisfactory £100 to Jova, but from the viewpoint of national shillings to other islands. defence or in respect ta the Associated Press. New York, Jan. 31. New York Colton Ex-outlook for production and em- in the Industries change announced today that ployment trading in cotton and wool affected by materials shortages" You might think these words futures will be suspended again བས on Thursday pending clariaca- applied to Great Britain. If so, you would he completely justl tion of the price freeze order.

led. Actually they are taken Cotton traders gathered some

trom from reports

the current Review of encouragement

National City Bank of

London, Jan. 31. that the long-awaited clarifica-the

under

York, and The New

they tion of their status

were

The London Stock Exchange about the United

was bright on Wednesday and freeze order was imminent. The written problem became Increasingly

ended on a firm note. Stabilisation with the horny

Gill-edged were fractionally the announce- Agency putting

higher and many small advances ment off from day to day.

were made in industriais, in- Dealings in spot cotton have solution.

tobaccos and come practically to a halt. The must face the temporary and cluding textiles,

light engineering. Internationals cotton parity price report, an- ! partial dislocation

of industry to the switch cue

to rearma- showed plus signs, except for nounced after Tuesday's close, shower a wide Increase. Itment, and both must recognise General Motors,

A continuing shortage of non- moved up 02 points to 32.98 that expenditure upon rearma-

ferrous metais pushed up prices for middling ment creates new purchasing

of Empire mining shares. form. The loan power while producing no new on the rale of this year was 20.45 cents cods for the general public.

America is beginning to a pound-United Press.

cognise the inflationary implica- tions of this diversion. Even before

President before

Truman's neBrage to Congress on economic affairs, a a group of 220 economists had already renen- ed certain conclusions.

These

cents a nound inch

Money Order

Business Suspended

States.

Thus America's problem is our problem, and up to a point must look for the same Bolh countries

we

re-

include Government economy,

enouxation to establish a

of

Financial Times' daily index 120.B. Associated Press.

New York Sugar Futures

New York, Jan. 31. World sugar futures closed surplus, and restrictions today unchanged to 3 higher, credit,

Not all these con- with sales totalling 100 contracts. clusions are applicable here. Contract No. 6 closed today 1 Thus we already have a Bud- to a higher, with sales totalling get surplus, and credit al353 contracts.

is al- Honolulu, Jan. 31. rendy

In restricted

Prices closed today as follows: Postmaster Albert P. Lion of directions.

several Contract No. 4 (world) To that extent January Honolulu today announced sus America is fortunate in having

4.57 bid March

4.97 traded pension of all money order

4.07 nominal Let us, through our ad- business between Hewall and slack to take up, which we took vertising department help to the Philippines, effective Feb. Pong ago.

the most important

people in the colony!

POST

HONGKONG TELEGRAPH

CHINA MAIL SOUTH CHINA SUNDAY

POST-HERALD

1.

were

London Rubber

no!

May

July Spot

Spot

+

SAILINGS

5th Mar.

12th Feb.

PHONE 28172/5.

Arr Feb. 4 Arr. Feb.

Salla Feb, 5

AMERICAN PRESIDENT LINES

The Global Fleet

ST. GEORGE'S BLDG,

TO HONOLULU AND SAN FRANCISCO via JAPAN PRESIDENT WILBON PRESIDENT CLEVELAND

Balls Feb. 18

TO SAN FRANCISCO AND LOS ANGELES via JAPAN PRESIDENT TAFT

Arr. Feb. 3 Sale Feb. 3

TO NEW YORK, BALTIMORE AND BOSTON vis PACIFIC, COAST. AND PANAMA PRESIDENT FILLMORE

....... Aft. Feb, 13

ROUND-THE-WORLD Via Manila, Singapore, Colombo, Cochin, Bombay, Koraobl, Sues, Port Sald, Alexandria, Naples,

Marseilles, Genoa, New York & Boston.

Arr. Feb. 1G PRESIDENT POLK

Balls Feb. 13

Baile Feb. 17

The wars our generation has witnessed have brought what, wars have always feeling of general insecurity-that's the brought disturbances, unrest and a 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 nd 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 Isbrandtzen symbols of this philosophy:--

INDEPENDENT

DEPENDABLE

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

DUE FROM:

New York via Manila

4.97 nominal 4.05

5.41 bid

5.43 traded

S.S. "FLYING CLOUD"

0.40 bid

5.64 dd

Feb. 8th

3.49

United Press.

New York Metals

Exchanges In NY

Nevertheless, while I showed Contract No. d last week that we should

January create more and more Mr. & Mr Lion sald post offices in

March need new taxation for purely

May Mrs. Buyers for YOUR pro- the United States and its possca fiscal

we may need purposes,

July slong have ducts.

been instructed it A complete service nosforth not to honour money to counteract the inflationa

of rearmament. ideas, orders issued in the Philippines National City Bank argues that, NOTICE TO CONSIGNEES including planning,

pressure

The designs and blocks is avail- for payment in the United in Am

Issued America's case, new taxation will be able to advertisers in any of States. None

Now York, Jan, 31. here for payment in the Phillp-hould be on consumption and the big four papers

not on production-in other pines

Prices in the metal market excise taxes words, heavier reason was given for the rather than heavier income and here No

closed today unchanged SOUTH CHINA MORNING

order.

profits taxes.

Taxing spend- with the following exception:-- Mr Lion estimated that more ing." the writer

BRYS. "will Tin, grade A (99,00 percent than $1,000,000 in money orders

or higher) cent to the Philippines encourage saving."

NEW STRAINS

Now York, por lb. 183 from Hawall--Associated Press,

How true this is, especially United Press. when we have just learned that in 1950 tho National Savings campaign ended £2 million on the wrong side. The mis- chief is that in our case exciss taxes such

tax as purchase have already reached the limit of, tolerance. Once more we find ourselves faced with new по strains, when we have margin in

bond Our Government's polley

and ex- to give rearmament

New York, Jan. 31. our од poria the Arst call

offered copra for productive retourees, Home capital development run nearby shipment at $237.50 per ning third, and the home con- short ton, C.L.F. the Pacific Coast, NY SUSPENSION

a following the sale of small last. Euror conting matter Now York, Jan 31.

abstract planning, parcel carlier in the season at Trading has been suspended this is impeccable. Unfortunate $205 por tom. In coceanut el. jin crudo rubber · futuroR untilly if ignores the fact that the all posltions were offered at 19%

further notice.

consumer is also the producer, cents a pound, F.O.B. mfis Spot No. 1 ribbed smoked If you squeeze him too hard as Overnight cll for nearby ship- sticata 72 nonfitá), Associated consumer, he will

to mem was wold at 19% cents per

pound United Press,

Measts. Clarke, a 10. Kitt Pebruary, 1351.

Trond

To comply with the Genera! For only a fraction of a

Warehouse Regulations. Chignees must have a Revenge cont per reader, (each reader Ofer in aftredence when damaged a potential buyer!), your sales

duttable goods are examined.

message will make your pro

Futures

London, Jan. 31. Prices of rubber futures closed here today as follows:-

No detme will be admitted atler the goods have left the steamer's duct known, create confid-N. 1 rubber, in conta Kodawn and all goods remaining once in it, and instil the March

desiro to

6th February,

undellved 1332, will be subject to rent.

All delme emust the steamer | thousands

per lb.

buy,

of homes and

In the And/June

July/September October/December

munt be presented to the under-offices into which this in- ained on or before 10th February, 1951, or they will not be recognised.fluential group of papers. go.

No Fire Insurance will be cïsoted.

W. N. LOXLEY & CO.,

(CHINA) LTD,

LG Agenta,

14 Jkamera, IAQ.

Mongkong, Slot Zenazury, 1991,

SOUTH CHINA MORNING

POST LIMITED

TEL: 26611

Press

19

64 -119

03 -0355

50 $5436-55

-10

si nominal

United Press,

produce

New York, Jan. 31. Closing foreign exchange; Canada

04.03. 1.08. 26.26. 23.50. -Associated Press.

Belgium eti Holland

Switzerland

Offers Of Copra

Sellera with

BAILS FOR:

Kobe, Nagoya, Yokohamau, San; Francisco, Los Angeles, New York, Baltimoro, Philadelphia, Boston via Panama Canal Feb. 9th..

(Transhipment cargo accepted for Jamaica, Havana and other

Cuban Ports, also Venezuela.))

LIMITED PASSENGER Accommodation availableE

Above Dates Subject to Change

For Information Apply to:

i.

A.P. PATTISON & CO., INC.

GENERAL AGENTS: CHINA, FORMOSA, KOREA, JAPAN AND HONGKONG.

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

Tel: 25846

CHINESE AGENTS

48 Bonham Strand West, 1st Floor.

OVERSEA CHINESE STEAMSHIP` CO., LTD.

Tels: 26127 & 81119.