1951-09-17 — Page 8

MESSAGERIES WV MARITIMES

MM

↑ "MEINAM"

"OYONNAX"

Artiy) ng Leaving

..Яest. 12

Sept. 21

Oct. 21

Oct. 23

For

N. Atries & Curopo Kabe & Yokohama N. África & Eutope

**LA MABɣeillaise” „.0/6 20

....Oct. 23 subject to change without noties,

* passengers & freight

freight for Portaald, Tunis, Algiers, Oran, Tangier, Casablanca, Havre, Dunkirk, Antwerp, & Rotterdam.

CIE DES MESSAGERIES MARITIMES P.O. Box 53, Hongkong

Queen's Building (gr. floor) Tel. 26651 (3 lines).

Stock Market In Surprise Trend

New York, Sept. 16.

A lot of professional traders in Wall Street really didn't expect the stock market to advance last week but it did.

It marched straight forward and each time it went up it established a new 1951 high. The market promptly heedled all good news and ignored First one major division and then the bad news. another took turns in leading the market advance,

By Monday the market Ind gone up nine atraight times.

On Thursday

there was

dip in the market but that was aside and when the

brushed Week

ended the market

gone up 12 out of 3 times, 1: was th. third week the marke. hari muded higher.

thing-

One of the biggest

hold the market #k'. that brokers said, was the fuel ran the public was in the mark and buying.

i

SURVEY OF SOURCES

FOR PULP

Washington, Sept. 18. The United Nations Food and Agriculture Organisation (FAO) announced today that 25 nations have been invited to participate in a survey of new sources of

for

paper,

cardboard. pulp cellophane and rayon.

The survey will be made at the mnecting cit the FAO Wood Chemistry Committee at Ap- pleton, Wisconsin, on Septem- ber 17 nel 19.

said the

division The whole metals was higher because of demand for military use and civilian needs. Copper shortages put, the pinch on aluminium substitute and there was talk of meeting will give particulee at-

higher prices all along.

Olls-along

with

wern

The announcement

THE CHINA MAIL,

MONDAY, SEPTEMBER 17, 1951.

Textile Resumption Of U.S.

Prices

Decline

New York, Sept. 16.

The cotton textile maY. ket, which showed signs of turning the corner toward revived business in mid- August; took a backward step during the past week.

sinded Prices were number of types of fabrics in- cluding print cloths, and broadcloths,

on 11

Cotton Shipments To Hongkong Suggested

Washington, Sept. 16. A Senate sub-Committee said today that of strategic sheetings "andesirably large quantities"

materials were reaching Communist China Second hand offerings which through Hongkong, Macao, and even

American-controlled arcas.

מf

volume

bad tapered off were in grenter evidence and

souse mills showed more will- ingness to meet those, prlees.

There were general reduc- tions of heavier types of in- dustrial goods such as ducks, hose chafer fabrics, belt and fabrien.

The atmosphere

for Jower prices was ulded to some extent by the September cotton crop forecast issued by the Department of Agriculture on Monday. Although the govern-

n bil

ment raised Re August estimat by only 25,000 bales, it added a crop promising to be the third largest on record and buyers to believe that further price cutting was like-

lea

ly.

Cannoli

from

In a report to the Senate, the Commerce sub- Committee on export controls said: "Trade with Communist China is much better controlled than a year ago."

"

But it added: "The Chinese Reds are still able to obtain strategic materials through loopholes by evasion of controls, and, even at this late date, from Western areas which do not see fit to deny these items to an aggressor country."

HONGKONG

SHARE MARKET

Page

R.I.L.

ROYAL INTEROCEAN

Date

'n Porl loth Rept. N4th Sept. 27th Sept. 19th- Sept. 3rd Oct.

3rd Del. 19th Oct.

12ta Ocl.

mad Nov

17th Sept. Elat Rept

Ist. Oct.

Ist Oct.

5th Oct. Oct.

(Our Own Correspondent).

Burless done ០៧ tite Stock Exchange this morning WOA 7th valued at $370,224.80. Noon prices im Oct. and the morning's transactions- SHARES BUYERS AFLLERO SALER COVT. LOANS

34% (1040), 991

135,000 @ 034

15th Oct.

17th Ort.

ship

ARRIVALS

"VAN HEUTAZ" *THIBADANE" "TABMAN" "TJETJALENGKA"

"STRAAT

MAKABBATUT "VAN HEUTAZ” **TIIKAMPEK” TEGELBERG"

OTHWANGI". "KTRAAT

MAKABIATU"

"VAN HEUTAZ

Neralis & JADAN

LINES

From

siswas - Delt

Helawan pell, Penang & Bingapore Meenaar, Java Poris & Singapote

Holland (niden Voyager' Japan

B. Atties & Ringapore

R. Amerien, H. Africa, Singapara

Manija Marastar. Jays Porta & Ringanore Акрап

SAILINGS

HADANE" "TJTJALENGKA"

PETRAAT

MAKARBAR"

"VAN BEUSA"" “TJIKAMPER"

TARMAN" "TEGELDENT" "TOWANOr

Japan Ports

To

Singapore, 8. Atelen & 6. America Singapore, Jaya Porta & Macaste Japan Porta

Singapore, Penang & Delawán Dell Japan Ports

Ringapore, Panang & Belawan Deli Japan Porta

Singapore, Jaya Parla dz ኢዮጴጸዳደድ

Agents: HOLLAND EAST ASIA 'LINE

DANKS

1 Bank

1630

East Asia

75 # 122

Date

INSURANCES

Union Underwriters 2IK Fire....

sih Oct.

Ind week ON.

100

4.20

In a statement accompanying or procured illegally, possibly -chairman, | ovan with the assistance of report, the the

States personnel from Senator Herbert O'Conor (De Unites mocrat), sold business interests military stores in the area." In the For East expected re-

The report stated that the full-scale trade sumption of with Communist China if there United States must make "far-

the reaching efforts to halt such DOCKS, ETC. should be a cease-fire in

He criffelsed trafic, particularly in these in- Karcan

N. Pt. Whart highly strategie

Duck .... cut off shipments of vital ma-materials". Western nations which had not disputably terials to the Chinese Reds.

of

д

war,

The American enibargu 011

Provideni Wheelock

Hotel

by

S'hal Land Humphreys

it

UTILITIES

135

ARRIVALS

Ship

Гарди

From

"HOOGKERK" "ABENDSKERK" Europe & Aingapore

1000

4.00

7th Oct. MIG Oct.

"HOOOKENDSZ

1832 1801% 1200 G 18

*13 13,40 1500 @ 49.10

209744

· 8.20 3000 6 6.50 1.60 1200 @ 1.50

11

2rom XD. 144 143% 3500 † 14.50 Star Ferry

100 105

"It is shocking and astound-trade with Communist Chl LAND, ETC. ing that, at the very time our was working well, but in the

of similar action militaty leaders are warning us abstaco

Western

countries for other Communist build-up

the effects on the Chinese Com- another onslaught against United Nations forces, good munist war potential are prob- which are described in this re-ably short-lived and inconclu port are still moving to Com-sive." munist China, or have recently been moving to Communis! China,"

The popular 00 square print cloth sold as low as 19% cents some mills lowered quotations in reales during the week und 4 of a cent to 20 cents n yard. A year ago this cloth sold at 2B cents a yard.

Bished goods In Mills lowered prices on sheets 7% to 12 cents and a few other leading producers eut prices later in the week.

Mills

buyers ond

focused their attention on the lower trend in the raw wool auetlong ins Australia.

The situation in rayon gray

O'Canor also com- goods showed definite improve- nent for some fabrics, including plained. "Already there is tall:

plements, gabardines acetate

of resuming trade with that on the basis of a area purely better and and cynch types.

Demond

with cynarn possible cease-fire, which at best prices improved

a yards only stoppage of active mili- types up 2 cents

tary combat." Associated Press.

was

India Yarn

οι

For Red China

tention to potential sources tropical forests

certain and agricultural waste products, and metals about 20 papers will be read the that even favoured by "demonstraüng highly

cnn those who wanted an inflation highest grades of cellulose

its be commercially obtained from hedge in a company with

these ns yet virtually untapped resources in the ground." One raw materials,"

big oil company after another, The commifice will also con- bought in new wells. In Texas

the oil business

GOLD SHARES UT

10

alder.

2 irstly,

proposal to

of

Bombay, Sept. 10. A three-man purchasing mis- China has arrived

,

Senator

Il added that in the Hongkong arca, the export controls in- 1951. augurated on June 28,

be "appear to

more adequate

their than my previous, but it will take time | effectiveness".

to evaluate

HONGKONG EMBARGO

The sub-Committee recom-

He branded as "even more mended that the United Statce disturbing" reports of smuggling suspend the embargo on cotton

Unlied States

to Hongkong and of

military shipments malerin's from the Ryukyusaid the textile industry in the Islands, which under US. Colony "is new and owned anti operated largely by refugee control.

Chinese."

are

"In recent months, petroleum products and non-ferrous metal scrap as well as military. tyres from U.S. bases have gone in substantial quantities from these islands. Most of these ship- ments are by small junks to Maeno or to neutral arens' in nearby waters."

The report stemmed from on-

ol recently the-spot Investigation the effectiveness of export controls and policies in the Far East.

·

U.S. EMBARRASSED

C. Licht (0) 7.00 7.90 1000 7.00

C. Light (N) 4.00

C Light (3) 1.00 Electric

INDUSTHALS

Comment

000 00 7,00

1000

400

1500 g 23.

3.30

12.80 1335 1000 @ 13

EX

Hope

STORES, ETC.

Datry........... 1920

L. Crawford 27.30 ¡COTTONS

.

100 10.00

.

EWO. 2.70.

104 @ 2.70

STRIKE ENDED

Honolulu, Sept. 10. Weeks of secret negotiations between the Hawalian pineapple "Continued denial would not, industry and the appear to be in our Interest. Longshoremen's The United States cannot afford (housemen's union ended a seven❤ to lose friends in Asia who are month strike of some 750 work- |

and intent toers at the world's largest pine- showing ability

apple plantation on Lanat Island.

United Press.

'make their own way**

The report also told of eye- witness accounts of smuggling to Communis: of petroleum

SAILINGS

То

Manila, Blugapore & Kurops

#ARENDĄKERK" Japan vin. Starile,

KINGS BUILDINGE TELEPHONES: 298015VENSTRE LES

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, viz

SAN FRANCISCO, LOS ANGELES AND PANAMA,

and

Interare- ¿

NEXT SAILINGS.

M.S.

"TREIN MAERSK",

M.S.

"PETER MAERSK”

Sept. 30 Oct. 16

M.S.

"NICOLINE MAERSK"

Oct. 31

ARRIVALS FROM U.S.A.

M.S. "NICOLINE MAERSK"

Sept. 26

M.S. "SALLY MAERSK"

Oct, 20

M.S.

Nov, 7

China from Mocab. Senator Exchange Rates

O'Conor said:

"Everyone con-

curs that Macao openly operates as a centre for goods to the Chinese Reds and no significant attempts are being made by the Portuguese authorities_to

ist this trade or limit it,"

United PreES.

was booming organise a technical advisory sion from

Indiu which and the Texas Railroad Com and assistance service to under-hero to bug and ship cloth and

yara areas developed

which are mission reported allowable

food grains. production at the end of last ready and capable of partiel-agreed to exchange for Chinese

pating in FAO'S programme. Headed by a Hongkong busi~!! week was at a record high of Secondly, it will consider the

Mr W. L. Mak, the nessman, establishment of a worldwide 3,104,798 barrels daily.

system of standardising various elect quotas totalling 20 million mission is exploring markets fo

Of the smuggling of military products of wood chemistry.

yards of cloth and 5,000 bale items from areas controlled by Reports on the latter project

the Ualled States, the report yarn, Itafronds took Leadership will be made by Australian,

The

and magnitude In return Peking will send sold: decisively enough at times

British, French and India $15,000 tons of grain, Austrians,

frequency

shipments of such bring cheers from those who

has waters Ewerlish experts,

from Japanese Every yard of cloth and yarn! believe this Current buil

The nations invited to send

from India would carry the proven of considerable em- murket can keep going only t

barrassment to the United railroads advance in step with representatives are Argenting, country's message of goodwill"!

Belgium. Australia.

Braz!! to the Chinese people, Mr Mak, State, authorities in pressing industrials.

British West Indies, Canoda, nid.

for more adequate measures in Into the carrier acction because Denmark.

Finla England,

The present allotment was cope with smuggling in They have

been behind the

MS France. Germany, Hungary,

"not

an inch per head for Eastern areas." even in many instances and

and India Isel, Italy, Japan, the Chinese people" but he

the It added that most of is a there

general because

cra Netherlands, Norway, Poland, pod that India would produce

involved in goods the railroads are fccling that

Sweden, Switzerland, more to supply China with military Spain, bound to benefit from the se- United States and Yugosinvia.- more cloth in The

from the Ryukyus future. smuggling celerated movement of defence United Press.

have undoubtedly been stolen Reuter. materials thig winter,

brought Buying

Gold mining shares were bid up by the time the meeting of the International Monetary Fund opened In Washington, The question was whether the Fund might take steps to boost the price of gold by permitting greater sales for industrial use above $35 a fine ounce or by outright subsidies to nining companies.

The delegates to the International Silk Con- Treasury which effectively congress have wound up five days of discussion of trols the price, has refused to

the silk problems.

London Talks On Silk

Problems Wound Up

of

The

US

boost it. At the end of the.

Intention" of paying any more for. gold.

all. Buying centred in Radio Corporation, cne of the leaders

company said

and it looks to and consumers of confidence. colour TV to expand the market

London, Sept. 16.

Far

Advance In Chicago Grain Prices

today

on

re.

Business was done in the local unofficial exchange market Vila meming at the following rates:- Sterling poto (per £1) US Dollars (per $1) Indonesia guliders (per 100) Sinan tonlu (per 100) 777 Singapore (Straits). !FIC plastres (per 100)

"LEXA MAERSK”

For Freight and Further Particulara please apply to:-

AGENTS:

JEBSEN & CO.

15.74 0,07

3.30

1.TO

11.20

Pedder Building

Malayan Chamber

Makes

Approach

To Mr. Gaitskell

London, Sept. 17.

The Malayan Chamber, of Mines has asked: the British Government to exempt from its threatened limitation of dividends British com- panies operating tin imines in Malaya and Siam, it was announced here today.

Tel. Noa, 36086-9.

NOTICE TO CONSIGNEES NOTICE TO CONSIGNEES

CONSIGNEES T'ER

BARDER-WILHELMBEN LINE

m.. "TUDOR"

pre hereby notified that their cargo I being ufgeliarged into the Hong- kong & Kowloon Wharf & Godown Co's gedown where it will be at coneluneer risk and sublect to the Yl' terms and condition of +torage, and where delivery may be obtened.

m.v. "MARON"

Damaged cargo ax this vessel will be surveyed at Holl's Wharf between 20 a.m. and noon on Septensher. 17,

consignees and 18, 1931, and requested to have their representa- ilves present diizing the survay,

NUTTERFIELD & AVIRE, Agents,

la the godowns for examination by Consignees

Damaged packages are to be left Hongkong, September 15, 155Y

Anch the Company's Sterkra, Goddard B 10 .. on the 18th

SUTVAYOIR. Douglas at

september. 1951. the

·

PRESS

are

General PHOTOGRAPHS

comply with To Bonded Warehouse Regulations, con- signees must have a Itevenue Omeer

The Chamber' chairman, Mr, axed by the British Govern-in attendance when damaged dul-

ment.

Kop.

cble goods are examined..

the goods

Copics of photographa

graphers are on view in No Fire Insurance will be effected. the Morning Post Building.

" DODWELL & CO. LTD.

Agents,

Hongkong, 14th September, 1981,

ORDERS BOOKED

Chicago, Sept. 16. Corn shot up

in an active,

Icitor to Mr Hugh Gallskell, Tin was held at a figure much | No cinims will be admitted - after week Treasury Secretary John The delegates from France, Spain, Britain, market on the Board of Trade, G. Glenister, pointed out in a

following

have left the steamer's takon by the South Chins official Chancellor of the Exchequer, below comparative world prices. Folosen, and all goods remaining un- Snyder sald the US have no India and Italy urged an increase in silk education Weather Bureau forecast of that as a result of the Japanese the chairman said.

delivered after the 20th September. Morning Post, South China. Despite these difficulties and it31, wil be subject to rent, scattered frost tonight for parts occupation shareholders in com- and a silk exhibits campaign to interest governor the main corn belt. If the ranics operating in Malaya re- bandit interference during the

Sunday Post-Herald, and All claims against the steamer must Radio television shares had ments in the silk trade and a wider distribution of frost materialises it may cause colved no dividends at all for past few years the industry had

be presented to the Undersigned on Chins Mall Staff Photo- damage to late corn crop, grain the greater part of World War done

done much, to one of the biggest vogues of silk products to the general public.

close the dollar or before the 21st September. 1931, men belleved.

ar they will not be recognised. II or for some yere afterwards,

Over 43.000 tons of tin were Mr Ernest Goodale, Choir- Senor Francisco Berandes, of Corn gained more than three A large part of the profits In the television field. Even nan of

the Joint Committee Barcelona, head of the Spanish conts at times, the September earned since the war had been exported to the United States in Eastman Kodak joined in the of the British silk industry, delegation to the Congress and December contracts going used for rehabilitation, and this 1949 and 44,950 tons In 1950, popularity. I has 1 huge spoke of disastrous fluctuations called on the governments of

to their

highest prices since finch restricted dividend payment This represented over 300,000,- potential market for black and in prices of raw silk which, silk-producing and manufac Moy while all other deliveries over the period selected by the 099-Reuter. white film for TV shows, the he said, robbed both producers tuning countries to old the tile scored new seasonal tops. A Government as the basle years

industry to recapture its lost large part of the demand cone for dividend control. He admitted that slik cat

slik could markets.

from previous short sellers whe never have much influence on Signor E. Rosseo of Italy, con- wanted to get out of that posible if the proposed restrictions

textile the other

economies, Radio Corporation was the but sald

the silk industry's

demned the present administration over the weekend. tions for high taxes which he week's most active issue, up primary funellon is to set # called the "enemy of slik,"

The strength in corn found 1% at 27% with 143,100 shares standard of quality by

reflection in other coronla Traded. It was followed by all other textiles are judged. The British Union represen-though wheat phowed some

Wade, International Telephone, up

Sidney Pila of France thuve, Mr

of

luctance to Join the upward the Sijk Joint Secretary p! · sill

Council, Industrini return to the the delegates of the necessity

reminded move at times.

Whent closed -1% higher. capital point of "capital point of pricealers and for hatmony between workmen wante and management in the silk December retailers

persuaded to

March reduce the

margins of profit on Industry, The volume of traziing

ailk thich, he sald, word Labour-management relations July 2

Corn was 131⁄2-34% higher? exceeded 2,000,000 shares every

a total of greater than in other textiles, recently has been poor in the day and came to

end to distribute allk KOOUR

important Midland | Sorenzote in Britain's

3-36 higher Septem

even more.

at 17%; Canadian Pacine, Apsald nny discussion

at 11%; Consolidated Copper Mines, up 1 at 1234, and Calumet and Hecla Mining up

% at 11%.

Mr Robert

problems must

which

10,928,000 hardd Fobruary email shops as well as in big ordery and

(and underwear (00%:

rince the week ended

10.000

city

luxury

Mr PM. Hilton,

torics,

Mr Podar of India expressod

It would be "grossly inequit-

were applied, he said.

al-

re

$2.43% $2.154% $2.4311⁄2

Mr Glenister added that when overrun by the | Malaya", whe

Japanese 10 years ago British companies were forced to aban- don their properties etter carrying ous military crders to sink or disable, dredgen and destroy [mining "plash."

Rapid rohabitation

was prevented by this "scorched earth policy and by the damage

Pacific Far East Line Inc.

Fast Regular Trana-Pacific Servico

DIRECT

SAN FRANCISCO, 108 ANGELES

Unftorwards

"FLYING DRAGON

“TUAJE WINDSC

···PHILIPPINE "DEAR"

done by the Japanese. Some com «GKORON LUCKENBACH" $1.70%-44panies were still not operating on # full epic, and only 70 dredges ест- were working in January Was 14-1% Ubred, with 104 in

establishments sh In the Curb market the five delegate, said that slike should confidence that, slik would not himenaren oir citata a when the tin most active issues wero Panek a wider public-Incrustig be replaced by synthetic fibros September consial Oil, off 4 at 134, and the younger generation, which and that if would continue he Consolidated, unchanged at one has had line chance to buy or àreat Ideal to the cone September

Associated Press.

suming publica-United Press, wear silk products,

Barbunds Wore 14-174 higher in London and Singapore, the *** 12.061024 price of Malayan tin was sirlei.

controlled and ⠀⠀ arbitrarly Associated Prostat

· OVERLAND "NEW Yong-CHIOAGO DETROIT TORONTO MONTREAL AND, ALLF AMERICAN & CANADIAN CITEEK

From

Arrives

Ran, Prancisco Atrasta

Bent.

Rept

San Francisca

|Ban: Frivièlica ·

Guam, Marinae. Islande, Migronesian Islands --- For full particulars call Dalled Bisbee

San Francisco de Log Angelni Ban Francisco & Liña Angeira

Fon Frañelsen & Lón Angéla San Yind có đi, con thro

vin Yokohama