1951-05-21 — Page 2

R.I.L.

ROYAL INTEROCEAN

SINGAPORE, JAVA

PORTS and MACASSAR

“TJIBADAK" "VAN HEUTSZ”

"EASTWAY" "TJITJALENGKA "TASMAN"

"TJIWANGI"

ARRIVALS

23rd May .25 May

.1st June

17th June

For cargo to Singapore only

MANILA, EAST & SOUTH AFRICA and SOUTH AMERICA

*TJIKAMPEK" "TJIMENTENG"

"RUYS"

JAPAN

""TASMAN"

"ТЛКАМРЕК"

"TJIBADAK" "VAN HEUTSZ" "TJIMENTENG"

"RUFS"

+ vla Manila.

ARRIVALS

In Port

Fort ..22nd May

ARRIVALS

Early June

10th July

.10th July

LINES

SAILINGS

End May* 6th June

Early June

22nd June

SAILINGS

12th July

16th July

SAILINGS

22nd Mayt 24th May 26th May

Bij June

28th June

Agents: HOLLAND EAST ASIA LINE

EUROPE via MANILA

and MALAYA

"ARENDSKERE”.

Through

Hot calling at Manila,

ES/L issued to Mediterranean and Northern European Forts.

JAPAN "ARENDSKERF"

ARRIVALS

.In Port

SAILINGS

12th June

SAILINGS

26th Mayt

SAKINYSERUILDING ELUCERONES: Mia an€280116

ARRIVALS

........ 10th June

700 720 4007131

† via Manlia,

N. PL. Whart 4.00 Provident... Wheelock ... 2216

1012

600 22%

LAND, ETC.

HK ele? 1.20 HK Land XD

500 5.30

3115

11 11.70 000 @ 11.50

STATES STEAMSHIP CO.

UTILITIES

Trama C. Light (0) 0.70 XD C. Light (N) 130 XD 31⁄2 XD C. Ligh

(Bots) XD 5.40 Electric...

The cotton industry faces D rayon cui its supplies sufficient to cause a serious acfence orders. Orders placed

more

in Lancashire at the outset of upset to its plans to use

the shortages the Korean war are big enough rayon to offset

to maintain export deliveries ef cow cotton. Lower suppilan to

have at a high Icvel

some of American raw cotton

other months. been made good from

Key to the whole' question rources but the quality of some

however, of these substitute supplies is of textile exports is, inferior. Moreover, Increased the level of home consumption. woollen Boods competition for yarn from the Demand for

industry will probably not slacion at hosiery and knitting might result in lower activity least as long as domestic con- pt a possibility and consequent loss of some sumers see if the cotton industry's labour, prices rising still further. When

the price of woollen goods INDUSTRIALS for retches a level at which con- The record high prices led to riw wool, which

the sumers are no longer prepared riceline in purchases, were re to buy, this demand will prob. STORES, ETC.. Aceted in the drop in consumpably be switched to cotton and Production-tion during the six months up rayon goods, thus reducing our to Inst March-from 44 In 37 chances of increasing cotton millon pounds-but the

Plans for the new curbs were unfolded to more than 300 business executives called to Fether on 48 hours' notice

the

National

by

Authority (NPA)-Associated Press,

Textile Mkt.

Ponders

New Rules

sub- axports.

stitution of reclaimed wool for

virgin wool prevented output

STOCK EXCHANGE

same extent.

falling to the

and this

has

гволу

Telephone

ឆឆឆឆ

221% 1000

1000

300 22.2

1000 9.73

S.S. "COLORADO“

Dairy .......

12

1000 12

LOADING ABOUT 10th JUNE

FOR

Cement ....

10.30

Exchange Rates

in

morning at the following rater:

Business was done in the local this unonictal exchange market

15.03

VANCOUVER, SEATTLE & PORTLAND DIRECT

DODWELL & CO., LTD.

Tel: 28021/6.

27.00

1.70

13.35

Agents

The post-Budget boomlet Large stocks bought before raw industrini shares received a set. wool prices began to rise are

Sterling nolo (per £) ................ still held by some of the big-back this last week. This was 39 not altogether unexpected

U.S. dollars (per $11 ger companies

3,20 industrial Indonesia guilders (per 1005.. rise In the recent hciped to offset the recent re-share prices has been based Slam tlcals (per 100) duction in purchases

of on expectations Inflation. Singapore (Straits) Nevertheless, the higher evidend payments and

FIC plestres (per 100) mcrchants..

feel so forth that now seem to have wool industry will iso the effect of the cuts in rayon been fully discounted. supplies, and "The Economist" predicts that some unemploy- ment might develop here too, MAIN, BURDEN

New York, May 19. Worth Street sellers of cotton Frey foods become too busy this

out in figuring week

Apart from these difficulties where

they stand under the

of raw material supplies

them 1extile industries are pricing regulations to do. new much business.

selves required to supply some of goods £200 million worth

the

But the backslide Was caused more by postponement of buying than by any mark- to sell, although ed tendency some of the more speculative

Industrial shares. holders of

this moment naturally chose to take their profits.

One of the reasons for the fall in industrial share prices

Satisfaction was expressed in various

after ore- quarters

for rearmament-£30 million has been the continued decline The an- liminary

Wool examination of the worth this year.

of gilt-edged prices. outer blankets and

World regulations. A few hoped that

nouncement that the will from the wool Industry

loan in Lon- after many weeks of waiting the

from

Bank is to ruise, a pro

leave account for only a small

don

terms which road at last has been opened for resumption of business into the portion of this amount. Main little to chance was a further third and fourth quarters. But

burden will fall on the cotton fact

factor in narrowing the dif

yields On industry whose defence output ferenital between more cauilous executives with-

will consist of clothing better-class industrial shares held comment.

materials and heavy cotton and Government securities The burlap trade was cheer-

has caused ed by reports that regulations cloth for tents, gun; covers and

a point which determine ceiling *prices | tarpaulins.

equity holders to pull in their may be issued in the forepart of next week. Meanwhile, busi- was at a virtual stand- still with constant fluctuations in the Calcutta market tending malce buyers and sellers even more Indifferent.

to

to

Rayon grey goods activity was limited to seasonal items with prices about unchanged. -United Press,

old crop July delivery slood of

of $25,000,000,000 yearly, rough Titanium Output

out in the cotton futures mat-ly twice as great as in the first ket last week, while other de-half of 1950, which was the six liveries, bobbing up and down, months immediately preceding wound up with small net losses the Korcan outbreak.-AS-

sociated Press,

At Friday's close, July ruled

20 points or a dollar a bole higher, while other months were

1 to 10 points or 6 to 80 cents a bale lower week.

many

than the previous Post Rates

Up In U.S.

The

rates.

The buoyancy in July delivery. was coupled with exporter buy- ing in anticipating the new ex- port licences against the recent additional 200,000 bales allowed

Washington, May 20, Inter-Sibile Commerce under the quota plus the EC.A. purchase grants to

authorised to France, Ger-Commission today any and Denmark.

the Post Offico Department 10 tight make an average 25 per cent The possiblilty of a supply situation before the new Increase in parcel post

The oution was taken on n harvest

and

the bellor that July inherit delivery

the petition that Postmaster General may strength of the recently expired Donaldson filed last October,

Congress had refused Mr. May delivery were additional

Donaldson's request for general factors in the spot month.

Some quarters also felt that if advances in virtually all postal penalties are imposed on horis charges, but directed that he on deliveries in expired May de take up the question of parcel livery It mag acaro July shorts post ratos with the 'ICC.

The higher rates will go into to cover and lit the spot month

Oct. 1-Associated to the celling price,United effect on

Pross.

Being Boosted

Pittsburgh, May 20.

the too

horns.

increase

to

Production of goods in

Moreover, investors did not lalter category is already

have the Incentive of dividend kind low to meet even normal in-

of the announcements dustrial demands, and efforts o

that have recently served to made to are being supplies of canvas goods from justify their hopes of moderate- lessly higher payments. On the overseas sources. 'But

were reminded than half of the 13 million contrary they

do that higher

not profits yards of canvas that will

for necessarily mean higher divi needed this year has so

denda when J. and P. Coats, been ordered.

the texille company, The British cotton Industry

against the present trend has accepted

ordery. defence

announcing unchanged dividend drill for 35 million yards of canvas and cellular cloths but payments despite a 20 per cent orders for

for a further 10 million rise in group profits.

rards

be

In not be placed could is country and efforts

агс

went

by

being made to place them MOST SEVERE

arc

have orders abroad, Somo gone to Japan, and talks going on to place more defence orders in Germany.

Titanium Metals Corporation of ceticed the shorts

America, are selling virtually all the unlum they make to the Atomic Energy Commission, the U.S. Alr Force and Ordnance,

Army

DECLINE

New York, May 20. Stocks Lost more Aian of $8,000,000,000 in the value

prices

FLY NORTHWEST AIRLINES DIRECT TO

CANADA

(Via Hong Kong Airways to Taipeh)

EDMONTON VANCOUVER

(Via Anchorage and Seattle)

WINNIPEG

AND EASTERN CANADIAN CITIES*

་

NEW YORK

(Via Aschorage, Edmonton, Montreal)

("Change from Noribwed to Connecting Canadian Airlines al Edmonton)' First Floor, St. George's Bidg. Chater Road, Hong Kong Phone 20131 ar Your Traval Agant

NORTHWEST

AIRLINES

A World of Experience

Over 25 Years.

Pacific Far East Line, Inc.

Fast Regular Trans-Pacific Service

DEICT BAN FRANCISCO, LOS ANGELES

The nation's largest producer of titanium is boosting output of the light, strong metal five-fold for its three customers.

What, then, are the prospects Allegheny Ludlum Steel Cor- for increasing British exports of poration

and National Lead textile goods in 19517 So far Company, Joint organisers of the

as the rayon industry is con

of sul-lated issues last week in the most severe decline of the year, acid will make it difi- cult even to maintain exports da Friday's sesalon at last year's level. Prospects crumpled. The Friday break for the

industry

are not was the second of the week. On Wool

for Tuesday, the list also crumplet much brighter. Demand Only a Uny fraction of the

British woollen goods remains The rally on Thursday brought output is kept for experimental high, but even if output despite lines but the recovery folled to

Britain

can prices back sharply in mary prevent a the raw wool shoringe it might carry through.

"MATURIT LUCKENDACH", find it difficult to find overseas

Railroad shares apparently matkots for nil is export pro-fered more than most other "GEORGE LUCKENDACH”

insues in the decline. „SelectivO | "INDIAN, KHAR” Ingying continued in a long list of trues. In the Thursday· 70- As "The Economist", points covery tradare concentrated on out, the governmania" of im- commodity stocks. Among more nutive speciala wero isauks in the porting countries may: End- politically Inadvisable to per- phamncmalicat, cioralons | mitan InLTCONO Imports Lyre departments-United Preis.

works Associated Press.

Military First

Washington, May 20. Manufacturers. of soliwood plywood were ordered today to act nsido 20 per cent of their output for military plority. orders, starting July-A sociated Press,

duction.

JAFAN NO MENACE

It

Vertal

"EDGAR LUCKENDACH

OVERLAND

- NEW YORK-CTICADO, BETROIT-TORONTO MONTERAL AND ALL AMERICAN & CANADIAN CITIES

Spide

Jun.

From

San Francisco

San Francisco San Francisco stralia

Atrive

Jun.0

Jum. 13

July 10 2

10 July

July 11 July 17

Jun. 14

For

San Francisco' & Los Angeles Singapore, Djakarta, Bombay

Karachi

San Francisco di Los Angeles

via Yokohama

Ban Francisco de Los Angeles

via Kobe, Nagoya

Yakohapa

Land For full particulars, call United States Line Co. General Agents, Queen's Building, Tol: 28189..