.
MESSAGERIES M
ARRIVALS
THE CHINA. MAIL, MONDAY, AUGUST 6, 1951.
MARITIMES GREAT DIVIDEND DEBATE
"LA "MARSEILLAISE", from' Marseilles ·
"ISTREHAM"
from Japan SAILINGS
M
PASSENGER/FREIGHT SERVICE
to Japan
to Maiselles
"LA MARSEILLAISE"
"LA MARSEILLAISE"
FREIGHT SERVICE
"OUISTREHAM"
"MEKONG"
"MEINAM"
Bin Aug. 10th Aug.
9th Ade
22nd Aug.
N. Atelen & Europe 17th Aur. N. Africa & Europe 30th Aug. N. Africa & Europe 27th Sept.. for
PORT SAID, TUNIS, MARSEILLES, ALGIERS, ORAN, TANGIER, CASABLANCA. HAVRE, DUNKIRK, ANTWERP & ROTTERDAM.
"ALEXANDRE DE RHODES" (o Salgon
9th Aur.
CIE DES Messageries mMARITIMES
A LIMITED COMPANY IN CORPORATED IN FRANCE- Queen's Building
Tel. 28661 (Three Lines).
August A Crucial Month
For
Antagonism Against Proposal
Aid. To Sweden,
To Cease
Stockholm, AME. 5. The EOA
organisation
In Sweden will be dis- solved this
Autumn,
ช
Great
to further
decided
this country, like Britain, has abstain from Marshall Ald.
Whitc (unds
In the course of three years Marshall allocations to Sweden have totalled £118,000,000, about $5.000.000. of which have not been utilised. of the the bulk have been taken into us0 - as payment for Swedish deliveries to other ECA countries, 520,400,000* has been granted as a loan.
Wool CILING
Boston, Aug. 5.
The Commercial Bulletin believes, August will be a crucial period for the wool market. The Bul- letin said yesterday:
and
"It will be crucial, one way or another, with three or four important matters on the horizon.
"On the domestic front there is, tween French, English
manufacturers none new Belgian the possibility of some business in volume or Govern will be really able to produce else than pure wool Above that, and anything inent goods.
long because the others would im- more important for the term, will be the seasonal open mediately grab the European ings of Spring goods normally markets if they did." made this month, as the real
правого
THE
Increases
Widening Rift Between The Government And Business
1
(FROM OUR OWN correspondent)
London, Aug. 5.
It is doubtful whether the Chancellor of the Exchequer could have chosen a less propitious time to spring his surprise announcement of dividend limitation on the Stock Exchange.
Clarification is needed on many points in the White Paper outlin- ing the terms of the proposed legislation, but with Parliament in recess: it seems this must now wait at least three months.'
Even if they agreed with the case for limit ing dividends-which they most definitely do not investors would find it impossible to forgive the Government for this seemingly unnecessary delay in giving them, some definite basis on which to plan their future activities.
and
investment and economic pro
STILL IN DEMAND
London, Aug. 5.
may
do not flourish on hate."
Even though dividends not be increased for three years. leading British Industrial shares
at
· Fage
R.I.L.
ROYAL
Dale
In Pari In Fort
Bils Auk.
13th Aug. 17th Aug. 22nd Aug. 261h Ang
Gin Aug.
13th Aug. Tith Aug. 20th Aug,
23rd Aug.
24th Aug,
28132 Ave.
13th An 19th Aug
Ship
INTEROCEAN
· ARRIVALS
VIRAN TAPUTNIO Į
"BOINERVAIN"
TISADANE" TJTJALENGKÀ" "TARMAN" *THINKSAR” "BOISSEVAIN"
"NOIRSEVAIN"
VAN HEUTRA WUJISADANE" "TASMAN"
LINES
From
*8. America, 8. Atelen, – Spexpara,
Balgan & Manila
9. America, 9. Afler, #ingapore &
Manila
Maçasser, Java, Porti, & Ringapore
8. Afrlen, Mantithes & Ringę KÖRA Japan
SAILINGS
*TUTJALENGKA"
TJÉBERAIH "BOISSEVAIN
To
Voltabanına & Japan Parik Kingapore, Penang & Betawan Beli. Valokiemá & dajan Parla
Kingapore, Hematang Thirabent,
Diskarta & Belawan Deli.
Singapore, Java Paris & Maennane Yokohama Japan Potta
Manila, Singapore, 5, Africa & N
Smerter
Agents: HOLLAND EAST ASIA LINE
ARRIVALS
Dale
Ship
"AAGTERERE "ALMKERK" "ALAKERR" "HÖGÜKERK“ "BOOGKERK"
Japan Fatope npath
WHEELS OF able to give in reply to the tha: cannot at once to resolved, Rd. to 52s. 6d. Shares of Cable id sept
BUSINESS
with
-JI
OMINOUS WORDS
Gold shares were not, much
i wanted.
0
chaos to the made Somo recovery.United
are still top investments.
Rolls-Royce, which stood 53. Dd. In Inst Friday's chaotle Even such slight clarifica-timing of its announcement and dealings, closed at 578, Dd.
Lever Brothers obscurities tion as the Treasury was the anomalies
must keep this great market in und Wireless Investment Trust ùrgent inquiry of the susperto for several, and per-tumbled to 114 in a debacle bui
Fetared at 117-1 Issuing Houses Association hapa many, months,"
the Federation of Oils had a trying week but warn- Later was prefaced with a ing that it was only un in- British Industries throw their closed above the worst levels.
weight into
the argument and Shell fell to B5/0d. in mid-week at 805, 94, Royal Linden. Aug. 5.dication of the inferences pointed out that the proposal to but closed Petpic who gɔ Beltalo's that could reasonably be limit dividends was bound to Dutch, after falling, closed un- factories "whether they have drawn from
the White Influence British capital to seek changed from last week. Anglo-
outlet thel
overrcas. militate Iranian did touch 105s. in the millian-dell orders la
at 1078. of foreign mid-week but closed post:ts or just to read the meter Paper and could not purport
against investment
In this country. and 3d. are all guests, in some scare. to forecast the effect of the capital and should bc entertained legislation in its final form.shake confidence abroad in our
financial stability.". accordingly.
It was But, if tempers remained high,
poor week for This is the theme of a booklet investors did
not allow their
Japanese bonds; 1930's fell from Indignation to interfere
an all-time peak of 105- to giving hints on how to make a visiter feel at home,
their
judgment. Having
The financial Press has con-101, and Tokyo 5 per cent from on the demned the proposal with the 73 to 69-11⁄2. Others lost around The spokesman said it would
from selling The Bettiah Association for trained
the utmost vigour. The Investors' £2. to take of wool demands
when the last, Friday before 50 per cent fibraune to
Commercial and Industrial. Edu-
of Chronicle this week-end says Rubbers were badly affected inibini came, The future matters of reduce prices and "people over
shock enused tens cation publish it, by permission
pet "Seldon 'ean a government have by the, dividend restriction but Vital Import are the openings, there will not accept it as long of Tube Investments, Limed, millions of pounds to be wiped mid-month in New Zealand and
ns, they are able to buy pure
from the market values of in-caused so much
Press. materials.
The backić: says: "Too_often dustrial we Anyway later in the other Dominions, of
ordinary shares, they business and financial structura woul
of a country and to the large auction sales,
believe the international prices the harassing conditions of face saw no reasons als que mass of savers (as distine: from of wool will fall in thetory life dead us to omissions in ting their holdings this week.
spenders) in a community with hospitality lowards Autumn unless the Americans our
After
11 Low days of unuch apparent unconcern." start stockpiling it again." } visitors."
certainty at the beginning of the United Press.
The City is convinced that it THE FIRM'S CIGARS week, share prices began to
recover and on Friday there was was political and not economic motives which inspired this Suggestions, it is pointed out, rise of 2.2 in the Financial
drastic alfuck on do not constitute an invitation Times index of
New York, Aug. 5. industrial sudden and
dividends. And it is for tals! entertain all visitors with the ordinary shares.
The local black pepper market company's cigars.
reason, if no other, that the rif
er ruled, quiet and steady with the Labour Govern- There are several reasons why between
dealers quoting $1.08 a pound the liquidation of equities sever,
com- and the business developed on anything like the munity, which has been widen for a small lot of spot material stale predicted in some quartersting over the past few months, on an ex-dock-basis- August. to have most shipment was indicated nominal- last week. Among these is no now threatends
ly around $1.07 and August/ doubt the hope that the proposal terious repercussions. will never become law, But The Economist Surts up a September at $1.00 a pound.
relatively higher ruling lew Investors will place much considered
against argument visitor a Naith in this. The Chairs. Give your
Bombay market made tion dividend limitation clarification
with these of the (77.), enough free petrol to drive chair. Everyone is more at castelven by the Treasury as to the aminos: words "No ordinary sellers cautious but buyers ag-
lvidend
of companies' investor will forget the animus peared to be satisfied to draw on Fights which have increased thei
ac- ment's proposal. Thrift-wise United Press. period dispelled counting least one doubt and led to search for shares in companies which have made "rights" sues over the past two years,
In actual business, all that was heard of was a tie sam-
pling demand here and there
for new goods lines. Mildly sug- gestive of values, a little buying in pulled A was found at $2.25- $2.35 scoured and in No. 1 New Mexico at $2.25.
There has been little netvity apparently in fierce wools, after previous reports of purchasing
markets. Oftersc in country Kentucky Quarter to 3/8 Blood types were obtained at 90 cents in the greaze, but it was believed there could be hard around 85 echis
BETTER SENTIMENT
"Nothing has been reported regarding choice Delaine and so ideas of price are evinerd by
dealers. Medium to 1/3 Blood
Car Buyers
Get TV
1
Our
But hey should go a long way to writing WELCOME on mal, in the belief that kinders costs nothing and it oils the
For Only 7s. wheels of business."
Teramo, Aug. 5,
Television sets at a dallu: cach
3.000 miles, and price-erts up to
Here are some of the tips:
nearly 500 dollars (about £)ing down.
are being offered here to
to 26cpur- Names. Remember your visi
ment
Steady Market
In Pepper
The
combing grades are in a similar | uge buyers of new British cars, tor's cams,. Write it on the biced capital since the last that has inspired the Govern- Inventories for the time being.-
Card your visitor gives you his card, keep. Pul-th dre of his call on the back, and a note of why he came.
Telephone. Ask the operater
category.
madaly of the smaller models. ting paper if necessary. "Better sentiment was afforded Garage parking yards *** by nolls sellers this week, with choked with mars, now and atmest reports of renewed netivity in new, which are not selling well. this market. Fine Nobic Nolls Increase fixes, credit restitutions were
turned ov un civilian designed to check inflation) and accoun!
$1.30-$1.35. binger Instalments are the Several sales of good sixties cause, were noted, berh
**
all except urgent calls
issued
CAN'T DO BETTER
at
But the main reason. for the Tea. Remember, nearly every=| recovery, In "industrial stare cne. drinks tea, Your visitor prices. la that on reflection would probably like some, too, nvestors have decided they can Cigarettes-if you smoke, do no better than trold on to offer your visitor a cigarcite. If what they have. you are a non-smoker, have an ashirayLandon Express Ser-
Govern- One dealer dere has offered u ment and civilian inquiry, al' £225 TV set, for one dollar with prices ranging between $112 every car of one model bought, and $1.18. The price Index, Angther announced that he however, is still widespread on! would sell the same make- moderate business.
normal price here, 1,585 dollars Top-makers have had some
taxes. inquiry in the serge onder for about £522), including
vice, fer 1,105 dollars (£398), and this would give petrol
for 5,000 week. It is belleved that Top miles and a licence. will be taken up in the vicinity of $2.00, but a general price range of $2.00-$2.75 is report- ed."—Associated Press.
which award were made
ARTIFICIAL WOOL
Paris. Aug. 5. A spokesman for the Woollen Manufacturers Association sald that although France would study very closely possibilities of producing artiñelat wool, it did not think it necessary to do: sont present.
He said: "A brand new patent has just been taken out by a French Inventor which is supposed to be well ahead of what the Americans as well as the English have done so far in the artificial wool field."
The spokesman explained this would not be officially patent known until next September and it would still represent only a laboratory experiment. probably would take quite a time before it enn be produced cat an industrial basis.
France is now using 20,000 tans of wool and around 10,000 French tons
Pripon
hysterin world,"
and
scarcity thro
mes
Dealers making such offers report that made is improving.
in a number of cases, appar- ently, the cuts do not fall heavily en them, as the ears were bought before the tax was raised in the las: Budge-London Service.
Express
Bigger Trading
In Wall St.
Now York, Aug. 6. The Industrial average closed this week nt 262.08. 139 3.75 points. The Railrond average performed more poorly: it last carly, 4 point on the week and falled 'o match its July recovery high by 1 cent and more than points under the year high. Trading increased to 8.536,040 shazes.
After having risen through most of July, the market had a of branne a
rather sharp set-back on the rayon substitute-annually.
The fantastic
rise in wool last day of the month. Uilities set a new high since 1931 and is just short of war closed at the top level.
a. psychology of The leaders in the upturn the Western among industrials included such.
c in
no groups as chemicals, oils, tyren France, believe there are real problems of wool supply and coppers,
Aulos enjoyed a good market and the Washington Raw Ma
on Thursday when I was in- terials Board should do as
auto well not to bother trying to dicated that thic
hadi reported higher allocate supplies which already panles
catnings-United Press. - can satisfy all needs."
he
The spokesman
Gald Abranne,
сотд
Boom Year
Wall Street Fails
2nd week Oct.
L
15tt Aur 21st
ADE.
1 Bopt. Mid Sept.
2nd week Ort.
"AAGTEKEGE" ***ALMKERK" "ALMKERK" "000GKENK" *HOOGKERK"
From
Europe & Ringapore Japan
SAILINGS
To
Manila, Singapore & Ellfope Japan via Stanlia“
Manila, Singapore & Europe Japan via Manlia
Manila, Singapore & Europo
EI BERING'S BUILDING, TELEPHONES: 19015/TO/28017)
(CHINESE AGENTS PRECONNAUGHT NO MESH EMBUN MADE
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, via
SAN FRANCISCO, LOS ANGELES AND PANAMA,
NEXT SAILINGS
M.S. "GRETE MAERSK" M.S. "OLGA MAERSK” M.S. "LAURA MAERSK”
Aug. 7
Aug. 14
Aug..30
ARRIVALS FROM U.S.A.
M.S.. "HULDA MAERSK”
Aug. 20
M.S. "TREIN MAERSK"
Sept. 3
M.S. "PETER MAERSK"
Sept. 14
For Freight and Further Particulars please apply to:-
AGENTS:
JEBSEN & CO.
In Try At A New Peder Bullding
Bull Market High
New York, Aug. 5.
The stock market made a major attempt to establish a new bull market high last week, but it fell short of the mark.
This view bug been streng- thened by the practice adopted by some' companies to protect investors against permanent loss of their share of increased pro- lits. These companies hove placed to special reserve the difference between the
There were too many hurdles in the upward path amount they could have paid out in dividends on in- -the lagging performance of the railroads, profit- creased profits and that which taking as the week-end approached, adverse earnings they are allowed 10 under the terms
pay out reports showing the deep inroads on profits by Federal the proposal. This keeps intact the money that taxes, and a tendency by traders to pause after spring. otherwise would have gone to ing ahead for such a long time. paying bigger dividends until
business pald
boosting The market had advances Hally' and to shareholders. London, Aug. 5.
can be
weckts five straight Meanwhile, however, the great for
As past the magle 2,000,000-share £5,451,021
stocks Cyprus exported
Associated mark, The low priced debate I dividend
continues.mecured by the worth of minerals last year, a established a record for the
For Cyprus
Minerals
cording to the Annual Report of the Inspector of Mines for 1958,
£1,775,031 than in 1949. Copper accounted for nearly half the total.
This was
more
proteris against dividend limita- Press average of 00 stocks.ame to life and helped swell : tion have taken many forms. That is the longest stretch the total.. fourth year in succession, They range from the Irate to inco the 10-week
There was one major dicap forward movement that stopped in the pointment to the bullish con- week ended February 10. tingent in Wall Street the the frankly Incredulous.
The
tid 'current
started railroads
not respond. .
WOR disappointment hom the lowest point of this That
AP evident on Friday when the year, June 29, when the
On Friday market was mixed with ralf- average was $88.
at $60.70. roads down. the average stood just $1.10 away from the high of the year. Exactly that AP average advanced only 10 amount $1.10 - was guined cents while the industrial com- this week..
ponent jumped ahead $2.20.
Volume amounted to 8,538,000 When the week started all the elements were present for shares on the week, the big- the market to make a try for gest since the 8,724,000 share
June 20 Street of the week ended it now top. Wall
On when the market bumped bot analyst felt it was ready,
While some financial' writers have condemned the proposal as an attack on the livelihood of A substantial increase in the
"widows
and unspecified tonnago and value of Hypsum orphans," others have been bury recorded--53,004 tons of predicting the doom of British raw gypsum and 9,404 tons of industry. pincter of Paris-more than double last year,
Was
DALTON'S BLUNDER
nothing: to
More asbestos than ever be- ! It certainly dic fore was produced from the help matters when Mr Hugh Amlandos mine situated 4,000 Dalton. Minister of Local feet up on the Troodos range.
Government and Planning, an
her exports-London Express Service."
remark
Gold Holdings from the Chairman of the
tumble
The fail component of
the
Tel. Nos, 38086-9.
M.V. "LA MARSEILLAISE"
will sail for YOKOHAMA and KOBE
via
MANILA
-on
THURSDAY THE 9TH OF AUGUST AT 10. P.M.
Passengers are requested to board the vessel with: their cabin baggage on Thursday the 9th of Angusi between 5 PM and 7 PM.
Baggage Room and Hold Baggage will be registered · at Kowloon Godown No. 50 (No. 2 Gate Canton Road, Entrance), on Wednesday, the 8th of August, between 9 AM and NOON and ́2 PM and 4 PM imperatively. No Baggage will be accepted for Registration after this time.
CIE DES MESSAGERIES MARITIMES A LIMITED COMPANY IN CORPORATED IN FRANCE
Tel. 20051 (3 Linea). Queen's Blig.
Pacific Far East Line, Duc.
Fast Regular Trans-Pacific Service
The value of minerals exporte unpopular Minister in the City Monday the market was fom-Associated Press.
and ed by Cyprus accounted for 49
but per cent of the total value of all the best of times, flung out a higher. Olis, chemicals, forged ahead, that the complete rubbers disorder into which the. Stock rails, steels and motors refused Exchange had been thrown as a to join in.
nction, That spilt in group result of the Chancellor's pro-
plus the fact that strength was was "good fun anyhow." Dosal
highly selective, set the stage This drew an indignant reply for the Tuesday market.
SELLING ABSORBED Stock Exchange. Mr John. That-
is when the Stockholm, 5
Braithwaite. He called aften-camo, the Bombay, Aug. 4,
According to the latest report ton, to the fact that the Stock June 20. with chemicals and SAN FRANCISCO, LOS ANGELES when there was no wool. in
oils hord hit by profit-taking. Riksbank the Exchango was indispensabic The · United States, biggest of the Swedish France, was now satisfactory, buyer of Indian mica, had pur sold holdings of the bank de- the financial opornilons of the Spiling never got out of but the
French
people who are chased two-thirds of the country's created by Kr 2,000,000 to Government, to the financing of hand, however, and the volume smallest always conservative prefer the pial export during 1950-81, ILT. 000,000,000 during June, nationalised Industries and to of business was the Inbel "pure wool" when
he foreign exchange the whole fabric of the joint of the entire week. The mit "userINE READ", FALL EXPECTED valutet af R2. 87,300,000, it was while Although France produces only
476,000,000.
thus totalled merce
which was primarily developed
during the Gerthan
occupation
INDIAN MICĂ
reliably learned today.
of
since
by Krsibek enterprise that represents ket's ability to absorb selling cuts. mica exporis. 234.000,000 to K gold, 75" parcent of our Industry "and brought on by sharp P
India's reserve icial carnings 10,000 tons of wool yearly, he unfounted to Its, $6,000,000, ****
The
com
> and
wap heartening to
the
When Uicro was substan-
*DIRECT
Věkrel
NATURA TOVERLAND
NEW YORK-LIFICAGO DETROIT-TORONTO MONTREAL, AND ALL-AMERIDAN & FANADIAN CITIES
From
"Arrivés |
For
San Francisco
Cargo Ta baj Tranihinged At Manila
RNBACH
"CHINA DZAN"
San Francisco
Ean Prancisco
Sept
Ange
NAVA
-via Yokohama.
San Fra
sald, French manufacturers did The United Kingdom, second cur1.142,000,000 £70,700.000, 11 asked whether it was tial rebound on Wednesdale not want to start producing biggest buyer, purchased 14,300,-* mixed pure and synthetle: Wool 000 worth of males with France $228,400,000) of the end of June: "tub that all this should be expanding volume, the bulle products because of tough Euro and Jepan coming next rengli da domware wun Kr. 10,000,000 thrown into complete, disorder felt their stand was vindicated,
lo said:
As long produces nearly 50 per cent of on May in The hold ofrualan by the scheme for the lithidilon On Thursday, Auves went
pealt these world's culpu United increated by Kr: 127,000,000 $20 and reduction of dividends long way 10 proving 1 by For full paciloniara call United States. Eland On, Xoch agreement is not drawn, bes Press...
Kr. 3,030,000,000,
which by the manner and pushing prices ahead subatan-
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