1951-02-21 — Page 14

THE CHINA MAIL, THURSDAY, FEBRUARY 22, 1951.

MESSAGERIES MARITIMES Peking Valuation America Planning

M

"BEAUVAIS"

ARRIVALS

from Japan SAILINGS

M

PASSENGER/FREIGHT SERVICE

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

"DEAUVAIS” "MEINAM"

"GRANVILLE"

2nd Mar.

to Marsellica via Manila 1st Apr. to Japan

8th May to Marsellies via Manila 19th May

FREIGHT SERVICE

.N. Africa & Europe 3rd Mar. .N. Africa & Europe 18th Mar. .N. Africa & Europe 27th 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)

WATORMAY

STEAMSHIP EX CORPORATION

MOBILE ALA USA

WATERMAN LINE EXPRESS

FREIGHT SERVICE

FROM US. ATLANTIC COAST VIA JAPAN

• "KYOKA"

++

DIRECT FOR

22nd Mar. 1951

NEW YORK, BALTIMORE & PHILADELPHIA VIA JAPAN & HONOLULU.

4. "KYBKA"

*

..... 23rd Mar, 1951 ALSO ACCEPTING TRANSHIPMENT CARGO FOR

GULF PORTS.

WALLEM & CO., LTD.

Agents

Hongkong & Shanghai Bank Building Telephones 38041-5

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

NEW YORK, BOSTON, BALTIMORE & PHILADELFIILA, vis BAN FRANCISCO, LOS ANGELES AND PANAMA

NEXT SAILINGS

M.S. "OLGA MAERSK”

M.S. "LAURA MAERSK” MS. "HULDA MAERSK"

ARRIVALS FROM U.S.A.

Feb. 27

Mar. 15 Mar 30

PekingValuation Of U.S. Dollar,

San Francisco, Feb, 21a Pehtar Balo

tôi

night that' In Chlía' the' American dollar dropped $45 percent in value from April, 1050, to January, ID51.

The exchange rate for the United States dollar dropped 11 percent from April to June last year, but fell heavily by 39 per. cent from June 25, 1950, to January 24, 1051.

Foreign exchange quota. tions of the Pound Sterting had also dropped-37 per. cent since the outbreak of the Korean war, the Radio said,Reuter.

WALL ST.

HAS SLOW SESSION

New York, Feb. 21. Despite the threat of late selling, the stock market manag- ed to advance today in the Blowest session in more than three months.

The pace of business was at its peak while prices were advancing in the fore part of the session,

HONGKONG

Extension Of S

Aluminium

Output

'New York, Feb. 21.

Plans are under discussion to expand the capacity of the American aluminium industry to a metal output seven times greater than was achieved during 1940.

SHARE MARKET

The volume of busines transactod on the Stock ExUj 'change this morning-was-valued :

R.I.L.

ROYAL

INTEROCEAN

at. $100,040.30. The half day's] ● SINGAPORE JAVA business and noon closing prices

were as follows:→→

AES DUYERS SELLKES sales

BANKS

100

HK Bank .. 127XD

East Asia

Union ......

Production in 1950, was about 1,435m. lbs, some 19 percent above the 1949 level of 1,207m. lbs, INSURANCES and was exceeded only in the mid-war years of 1948 and 1944.

By making use of several large body, of ilmenite, the most standby plants now in process common titanium ore, has been

DOCKS, ETC.

of reactivation, output con discovered in the Canadian LAND, ETC.

Province of

Quebec, ensuring future supplies for both pri- mary uses and as an alloy to conserve other strategie ma-

probably be increased 18 per cent by the middle of the year.

The

US Government has assured aluminium producers of G number of measures of help terials. and support, including responsi

Titanium ore was first obtain- bility for sale of output of ed from substantial deposits on expanded factories for Ove beaches in India, but political years, alther to industry or to and other uncertainties made the Government ninckpl. manufacturers

to North The three

alumin-America. outstanding ium producers in the US, have due courso, titanium may made arrangements with the joln hands with aluminium in Government to increase their performing large-scale war and dutics of light- capacity by about 640m. lbs peace-time

In

turn

by 1052. Negotiations are pend-wolght metals of that type, 60 ing win

with several other concerns important for the manufacture to enter the field.

of aircraft.

creased in the Orst half-yeur, While production is being in- curtailed civilian

output will

but when quotations steadied or have to pay for larger military EXPORT

(started to decline the amount of

business dwindled fast,

K

•

In the final hour. great number of the gains were cut back and some changed over to the losing side, but at the close, the plus signs still had a three to one edge.

a

t

which requirements,

ane sill moving rather slowly from planning and blueprint stages into the level of specific factory orders.

Government

Among

U.S.

OF RAW

moves to assist aluminium pro- COTTON

ducers are that companies will be able to amortise their nev

HK foto..

132CD

10 @ 1323CD

PORTS and. MACASSAR

"TJIWANGI"

"TJISADANE”

•

LINES

**TABMAN?!! • **TITJALENGKA"

"VAN HEUT9Z” •

only to Singapore,

• MANILA, EAST &

SOUTH AFRICA and

"TJIBADANE”

"TJIPANAS”

ARRIVALS

In Port ..24th Feb, 26th Feb.

... 12th Mar.

In Port

Penang & D, Delf."

SAILINGS 28th Feb.

7th Mar. 16th Bar.

24th Mar,

64 063

10 @ 003

N. P. Whart Dock

5.20

12

Shai Dock. Wheelock

3

20

6.00

100 21

500 600 BOO B.05

SOUTH AMERICA

30

"TJIDESAR* **

in 12% 1000 < 18%

500 13

“BOISSEVAIN”

200 121

"STRAAT SOENDA"

1K Land..

Stad Land 1.35 1.55

Humphreys

ruNTIES

Tyam

Star Teny

1

Cu

C. Light (0) 8.10 8.40 1000 8,30 C. Light IN)

B. Shared..

Electric

SAILINGS 7th Max.

ARRIVALS

13th Mar,

12th Mar.

24th Mar.

....24th Feb.

tih Apr.

** not proceeding to B. America,

1000 VF -5,10

33%

0 000

3.80

JAPAN

**TIPANAS

88R 88188*888 888BER 8 GRE

"TJIBESAR"

"BOISSEVAIN”

Telephone INDUSTRIALS Cement ***

0%

"VAN DEUTSZ”

"STRAAT SOENDA”

12 14 000

Rope STORES, ETC.

Daky Dairy (N)

Watson

14

13

21%

L. Crawford 2111 COTTONE

EWO ...... 2.40 2.70

day.

The

600 @ 11

ARRIVALS

SAILINGS

8th Mar.

12th Mar.

23rd Mar,

18th Mar,

Gth Apr.

3rd Mar.

201 Mar.

Agents: HOLLAND EAST ASIA LINE

⚫ EUROPE via MANILA

and MALAYA

"AAGTEKERE”

"ALMEKAK”

"LANGLEESOOT"

Through Ha/L fasued to Mediterranean and Northern European Ports.

• JAPAN

"AAGTEKERK” ↑ "ALMKERK” ↑ "LANGLEESCOT"

+ via Manila,

ARRIVALS

5th Mar.

SAILINGS 8th Mat Early. Apr.

Mid, Apr.

ARRIVALS 7th Mar. .Early Apr. May

May

SAILINGS

DIN MAT. Mid, Apr.

#KINGSEBURÐINGETHERIONÉSZZO 20

were NOTICE TO CONSIGNEES NOTICE TO CONSIGNEES

U.S. Production A considerable share of the facilities in five years, as dur quietness of the market maying the

the war. To raise capital

Washington, February 21.

Washington, Feb. 21. be ascribed to Thursday's holi-necessary to complete the ex-

The Commerce Department The United States production day for Washington's Birthday,canston programme, the Federal reported on Wednesday that the of goods and services increased Such a mid-week holiday has Reserve system has been nu export licences Issued for raw seven and a half per cent from habit of promoting long thorised to guarantee so-called cotton from February 8 to 1949 to 1950, the largest gain week-ends for those fortunate V-loans.

16 covered 54,885 bales. This for any postwar year, the Com- enough to get away, and there The Federal authorities have is about 139,000 bales less than merce Department reported to- are undoubtedly a number in assured the industry of assis-the previous two weeks. Wall Street in that class.

Lance to provide the huge The Department sald the drop

1950 output totalled amount of electric energy for

wuཐ

due almost entirely to $153,000 million compared with * BRDEN SERAMENTS(82ZLOANALSITEccusam There was no overriding expanded aluminium

in submission produc- slowing up

of the 1949 news to inituctice the course of tlon, or to absorb part

output of $142,300 of the licence applications by cotton million and a 1939 output of the market, and that left the cost of utilising more expensive exporters." Of the overall cotton $91,300 million. field wide open for corporate sources

ces of power.

export allocation of 3,406,000 All the calculations developments to have their

There is a tendency in some bales for the period from August based on the purchasing value Industrial and financial quarters 1. 1950, to March 31, 1951, there of the dollar in 1939. Reuter. were 1,670,000- to view expansion to meet ställ remains 823,808 bales to be slowest since Nov, 15.

rearmament needs with some licensed. St

hundred and se issues alarm because of

The of the potentiai

the quota for advanced And 201

declined danger of over-production dur- United Kingdom, 47 new highs and ing future periods There were

when war Luxemburg, Switzerland, Vene- only two new lows.

clouds may have disappeared. zuela, Ireland, Sweden, Burma, the

were Such apprehensions gainers Among

not Spain, Israel, Bolivia, Chile, Continental Oll, General Public necessarily justified in the case)

Colombia, Cuba and Jamaica Service, Equitable Office Build- of aluminium.

have been exhausted-United Ing. Gulf Oil, Douglas Air-

Press. craft, Baltimore and Ohio.

Stumblers

included Calumet and Hecla, Baldwin Lima, American Locomotive.

Dow Jones averages:

Stocks

effect.

20 Industrials

15 Rails

· 10 Utilities

arc

ALTERNATIVE USES

Since 1948 peace-time con- sumption of aluminium and Its various alloys has doubled in 04.33 the U.S. as a result of the many 252.28) now 11968 which have been "80.89 found and developed in recent

42.99 years.

-Assoclated Press

Japanese

export

Belgium, Exchange Rates Doug Hong Kong & Kowloon

LONDON TIN

MARKET

There is no doubt that labora- tories and, technicians will dis- cover future applications, and with the scarcity. relatively

of other metals, at the morning session of today, peakmi sa con nurnover bo tons, including

London, Feb, 21. The tin market turned weak

an excellent chance of main- 5 tons"for"spot," "

position,

Prices closed today at the end of the official morning scasion, as follows: spot tin, buyer

Bpot tin, stllar

1,450 1,486

Three months tin, buyer 1410 Bustnem done at Three-months tin, soller 1415 Business dono at

1/425-1,415 Settlement

1,438 -United Press.

-Bonds

In

New Yorktaining its leading Industrial

At pos

present, increased use of New York," Feb. 21, Some Japanese bonds today the metal is predicted in motor TANKS OF ALL SIZES AVAILABLE FOR BULK OIL showed recoveries from recent kitchen utensils, and items such production, in building and Iosees in the foreign dollar os ladders, pection, but the movement was Indeed, transportation and spotty and others continued to building products are already

substantial part of the indus- Orient Development sixes me climbed four points at 59-2curement in

try'

output, and military pro- an indication of Uigawa Electric Power sevens the progress which has been were up 3% at 70% and Taiwan made. Substantial

- amounts of to:-Electric Power five and a half aluminium are used today in

were up two at 58. But Tokyo such

such liems as landing City 5-1 foll 4-4 points at 04 tactical and floating

mats, bridget for and Japan 6- were down 1-m at 78--Assoclated Press.

use, radar and portable military

London, Feb. 21. control towers, portable shelters Domestic stock prices cased and new bazookas Bring rockets on the London Stock Exchanger Conddetable improvement today but losses were surali.

MS. "TREIN MAERSK”

PETER MAERSK”.

M.S. M.S. "LEXA MAERSK"

Mar. 14 Mar. 23 Apr. 21

isilde.

For Freights and Further Particulars please apply

AGENTS:

JEBSEN & CO.

Pedder Building

PENINSULAR

Tel. Nos. 26661-8.

Aluminium Ban

Washington, Feb. 21. The National Production Au- thority today banned the use of aluminium after June 30, In windows and in heating vent!-

& ORIENTAL ating and air conditioning air

QUIS HOS SEPA

STEAM NAVIGATION COMPANY

R.M.S. "CHUSAN"

SAILS:

NOTICE TO PASSENGERS

BAGGAGE:

SATURDAY the 24TH FEBRUARY at NOON for the UNITED KINGDOM

and Port Said.

via Straits, Colombo, Bombay, Adon

London Stock Prices Ease ·

has also been made in the deve-The decline was attributed to lopment of rolled aluminium labour troubles on the raliways tapered sheet and plate, and in and docks,

of respect

of

magnesium.

alloys, and in the technique dull.

now thagacalum Leading industrials WOTO casting plane wings of Commodity shares generally followed the prevailing trend. In the mining lift, coppers Profi-inking showed firmness. experiment-continued in rubber shares,

Financial Times' index 122,0.

Associated Press,

NEW ALLOY Technicians are

ducta. Until June 30, Manu- facturers of aluminium windows are restricted to 65 percent of [ing with possible combinations their average monthly use of of aluminium and titanium, au- |aturalnium in the first half of other light, strong and'

1930.-United Press,

| rosion-resistant metal, A very

cor-

Trade Boom In NW

China Claimed

San Francisco, Feb. 21.

The Chinese Red radio today said trado and agriculture were booming in Sindang, far North west frontier province where Russia has special oll and uranium interests,

tristustrial and shed ofment with Moscow handed over

ALL passengers baggage must be sent to the Hongkong & Kowloon Wharf The Pul

Peking broadcast, heard half of all metald except iron Co's Godown at NO. 2 GATE, by the Associated Press in San from Einklang for the next 30 CANTON ROAD ENTRANCE, 17 A Francisco, said that in the your years.ordanN ANGO

FRIDAY the 28RD on the Nationalists, 700 now on charged that the NOON on

'aince

was taken. Secretary of State Down FEBRUARY.

con Chinees Teis in 'a, secret Agro- SPECIAL NOTE: With the exception of hand packages Thwa, capital of Sinklang. to Rusia pre celnege rights ta

The broactoast made qued ***· carried ! by passengers themselves, tion of mihing developments da

ALL BAGGAGE must pass through the Wharf Co.'s Godown for loading on board by ship's slings only.

EMBARKATION: WIll take place on SATURDAY: the

24TH FEBRUARY between 9,80 am and 11 malhem to stLex B bak

corns have been

life metal-rich province. The Nati) Chiga authorfiles 1only reference 10. Busola was

Uganda Cotton

Processing. Sagar Nirobi, Feb, 21.

Tho Colodial Omos · hit re- jected proposals rubmitted by the Government of Uganda,for the béorganisation of the Uganda cotton ginning (procesalig) In-

The schand, was designed to give Africans a larger share th the hands of Indians. the industry, which is mainly in

Decon or rear bem,

plan has already begun, it is learned. Cotton ginning circles in Uganda believe that the Colonial Office is still con sidering some form of nation- alisation. Reuter

ESSENTIAL SUPPLIES CERTIFICATES

Fornis

interment that trade with that ment called for roaverting the pot Application country had been quickly reston Northswink - Hrontier provinces | Essential - Supplier ed and had helped" 40- revive | into swaet, îndatory bumalike "cates may be obt

Nationalista: Bilang t

·South China the Hamly

TOYMANNS. TANY" MOAKŠ

-Bovick::lechniciana tinjor two

Dushur was done in the local unical

ป market exchange morning at the following rakes:--

20.00 Sterling note (per 2)

6.103 UA. dollars (per #1) Indonesia gunders (per 100). Siam Micale (per 1001

Singapore (Blandts)

FIC plastres (per 100)

3.80

21.00

1,70

4.3. "TEUCER",

Damaged cargo ex this vessel wil be surveyed by Messen. Goddard &

Wharf dr Godown Co., Ltd's Godown from 10 min. on February, 23 and 26, 1941, and conglɛnone are requested to have their representativei pre went during the sixvey.

DUTTERFIELD & ŚWINE,

Agenta.

13.173 Hongkong, Tebruary 21, 1901.

AIR FREIGHT SERVICES TO

Damaged

***PELRUS”

Cargo ex this vessel will be surveyed at Holl's Wharf betmeen 10 am. and Boon od February 24 and 20, 201 consignees arg requested to have their representatives present during the survey..

BUTTERFIELD & SWIKE, Agents.

Hong Kong, February, 22, 1901.

Great Britain

SAVE

TIME,

Speedy delivery means quicker payment and more frequent repeat orders. Your working capital is not tied up in mer- chandise that is in transit for a long time.. Inventory and warehousing costs are

From HONGKONG to

SINGAPORE TOKYO KARACHI CAIRO

LONDON

CUT

COSTS

reduced, packaging can be lighter, and" therefore less costly. Insurance rates are reasonable. You make more, money at less: cost, when you fly your freight to Great | ́-Britain by Speedbird.

FLIGHTS WEEKLY

KILO RATES [HKS

UNDER 45 KILOS DA

$ 3,50 ・ヴィ・・・

OVER AD KILOS

$10.27 AUT. SLAT $14.00:1a

$.027 $0.00

Also regolas kir freight nevien by Spaadsted to alf sle continenta,ity,

IT'S FASTER BY FAR BY SPEEDBIRD ik

Gosh shradh, your lacað B.Q.A.C. Fremtidine Avant shaegu for udvica, inbornarian or air Früfght Fuckings Asanès in H.K. & Chim), 16-18 Padder St., H.K. Talmham atroa-0;

Ponderolo Arcady, Koutoun, Trinphone 99707-33,

BOAC

and