1951-10-16 — Page 9

MESSAGERIES

MARITIMES

MOM

10

Homeward for

Arriving

Araving

Gotward For

*LA MARSEILLAISE** .021 0

"LES GLIERES"

-NOV

f

thel 20

Nay

Yokoham

*

"OTONNAX"

LA MARSEILLAISE"

Nos

Det 14

Nos

1

MONKAY"

Vor

Nov

25

passengers & freight

Kobe

N Africa & Europe Manila, Salgoh Marseilles

&

Africa &

Furepe

† freight for Saigon, Port Said, Tunis, Algiers, Oran, Tangier, Casablanen, Havre, Dunkirk, Antwerp &

Rotterdam.

Subject To Change

Wichewa Note

CIE DES MESSAGERIES MARITIMES

P.O. Box 53. Hongkong

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

い

U.S. Auto Industry Engine-Conscious

Detroit, Oct. 15.

THE CHINA MAIL, TUESDAY, OCTOBER 16, 1951.

Russian MORE HOPEFUL TENDENCY Offer At

At IN AMERICAN BUSINESS: E.C.A.F.E. TRADE BOOST EXPECTED

Moscow. Oct. 15.

The Soviet Press reported today that the Russians, at the economic conference in Singapore. offered to sell Asian pations materials vital to industry and agri- culture. in exchange for raw materials.

The Press corried

a long re-

port on the meeting, called by the Economic Commission for Asia and the Far East, under United Nations auspices. Russi

sent eight representatives to the 26-nation meeting. which open- ed last week in Singapore.

New York, Oct. 15.

There is a slightly more hopeful note in civi- lian goods circles while defence industries main- tain their familiar high production levels.

INTEROCLX

HONGKONG

Date

Ship

In

Por

"TASMAN**

$10 Part

16th Oct. 20th Oct. 2nd Oct.

24th Oct.

25th Oct.

30th Oct.

20 Nov

SHARE MARKET

The civilian trade boost most businessmen ex- pected after Labour Day still hadn't appeared, but a scanning of third quarter figures indicated that' dangerous ingentories had been pared down a bit. And some lines were moving out of the summer (Our Own Correspondent! slump, but the movement was slow.

Cotton Prices

Regain Their Equilibrium

Pravda sakd the centre cat attention at the meeting Was held from the outset by the So viel delexation, whose offer to trede with anybody there creat- led a sensation. The Communist Party paper sald the announer - ment was particularly staffing in view of American and Britis. analerents Whol Astan nu- bons could not expect to receive

New York, Oct. 15 as much equipment as they have,

Calton futures regained their been getting because of

the equilibrium

Lodny after a erect libe almaments indus shaky start The action halt- cd the previous three-day which pushed the market down around $5 a dar from the highs of last Monday The day's advonice ranged up a bale and was ac- 11 $1.50

in the face of ar volume incr: ased

<if hedge

Union Soviet

is telling also to Have propone i

timber, Fertiliser, grain 11 consumer goods.

try,

The United States automobile industry cur- rently is more engine-conscious than it has been have for several decades.

And the reason is simple: Increased horse- power and higher compression ratios have had a steadily mounting appeal to motorists since World War II. Thus the car plant has become a major competitive factor in recent years.

EXCHANGES

Ala

IN NY

Ne Youk, De: US$0 90

13

Tuple flaccidi

toofthed

30-day Jutures 90-day fuhren

Australia pesand i New Zealand und South Aflea ·friend!

Conradie

Fance iframe

The Russ

were said by decline uffered Asian nation. Jathes. electric power equip nien, electro-technical an.! transport

mining. equipment, textile and light industry uncomplished agriculture machines. reported seng Asian nations

The

cemen

The turn in market sentment was coupled with several [ac- lots the in@ationary

psy- crology: the Washington price They would take in payment.

plapping proposals and the notice- said the Press, such Asian-able improvement in demand produced items as jute, rubber for finished cotton fabrics for shellac, rice, copra, spices, in the first time in weeks. The Just to bring out new Flea and quinine bark

Rer w s pointed up by the in- slowed down

of the The section

report

of mill buying by the pleure programine. Bu offering to seil "quipment

leased volume 1 futures, trend toward more power-

materials purcha GW

inf, Funately 101 Suite

Cand perhaps for some Inters

wwners--the

engines Bar breu

3.

and

wa:

In and more smoothly func- printed in all Singapore paper under such headlines as 'Russia

c

tioning engines. has been thetely began

Charles Kettering, the auto rec[ li[l i sv

beloved

hand

7 39 askedj engineer- scientist, had

in devel sang hend in car en- 7 234.

tires as he had in many other Ban gineering advances of the modera automobile. Before Bu refuement in 1947

as heat! Mutors' of General

researc vision, Keltering figured pro- minently in perfecting the new C'esillar

and

Whe

791.

f

Bunark komis

1453

40281-96

West German Deuts

turk

420

Inland guilder i

www

Dial official

11010

Norway kroni

14853

Portugal vescustoi

0:14h

Spain (penetra

0261

Seden krand

0935

Switzerland Ster

2293

Middle East

Since then brought vnt powerful

Ил

engine;

Expunki)

Friar Turkiy tar

Latin America

03129

# 01

Aig nine whetal

1.67 cruzeiroi

0556

livin bolivinnas

Citle-free

0150

Lumilata foHOU

4025

Cuba peam

Med pr01

155

Text-free

0650

Ay : gremissz

41

Ventura boltvar!.

200

Far East

Exp. 1

2100

Pakisin

2030

1553

2040

3:195

360 yen to US$1

nited Pre

Honkong

Intraorala

Shane gute

Зарап

Jap Bonds In London

London, Oct 15

Japanese bonds

"A" (43. of 1899) "B" (4s, of 1910) "C" (55, of 1907)

"D" (5 of 1934)

"E" (645 of 1934)

Consols

-United Press

NEW YORK MARKET

Besel engines

Oldsmobile

offers 12 trarke with all.' Prayda said

F

A goodly number of business- men are looking forward to an exceptionally active Christmas season.

The New York buying Arm of Felix Lilienthal and Com- pany noted an improved out- look in spite of a sales decline. Company This attitude, the said, appeared to be the retail opinion generally.

One of the mest encouraging signs, Lilienthal commented, le 'that employment is at its

highest level since 1948.

Business done on the Stock Exchange this morning Was valued at

Nc3 $270,540

te morning' - quolations an

ansactiona

BANKS

ARRIVALS

Japah

From

**THIWANGI" TJIBESAR ***VJIBODAS" -TEGELBENE7** THBABAK“ STRAAT

MALAKRA" SEIITJALENGKA"

STRAAT

MARASSAIC"

Belawan Deli, Penang. Singapore &

Salgon Macassar, Java Ports

Jaya Porly Japan

A Singapore

Java Ports. Macassar & Singapore

5. Amerien, Mirica & Singaport Macassar, Java Parts A Singapore

Japirn

SAILINGS

17th Det

Oct 22nd Del. 22nd Oct

--THBESAJU

HK Bank

INSURANCES

1640

26th Oct. 28th ❑r: .

140

Hor 760

$ 500 4.90

3rd Nov 4th Nay.

Union. Unterwriters

HK Fire 140

DOCKS, ETC.

N. Pt. Wharf Provident

S'hal Dock.

LAND, ETC.

HK Hotel HK Land

S'hai Lend

The defence production ad- ministration (DPA) announced the Government would cut dowN UTILITIES on the manufacture of civilian items in 1952.

many

ручение

But Manly Fleischmann, DPA head, believed there still would be enough for normal needs.

Mr Fleischmann sald the chances were that production of such items

refrigerators, stoves, radios, TV sets and home appliances would be reduced.

as

SHOULD BE ENOUGH

But, he added, because deal- sup- ers are currently amply plied there should be sufficient to meet normal consumer de- mands.

0.86 14.70

4.28 · B 1000

4.50

6.13 G.10 1000 @ 0

63 300 $215

G

2.20 1000 220

17 300 @ 18.00

300 16.85

1000 10.80

P. Tram (0) 29%

Light (0) 9.10 9,35 2300 @ 1.25 8.03 300 0.05 Light (N) C. Light B 1.00

0.05 2500 m 0.

5.95 221% 20% 3000 (3

Mectric Telephone

ENTJUSTRIALS

Cement

Hape

STORES, ETC.

39999

13.90 14.20

500 A 20

Dairy-17.00 18 800 1.20

Watson

22.75 2001

Wing On

Crawford

129

50

4.15

1000 2

4.20

The cuts on metals for con- were set at sumer products 11% per cent for steel, almost COTTONS 30 per cent for copper and close to 17 per cent for aluminium. effective January

The market opened up 10 on Decembers and off 13 points on in other positions but steadied quickly and then moved irre, The

In that thegularly higher to finish near the paper chied Soviet delegatio demonstrated

tup and up 8 to 25 points on the the willingness of the U.S.S.R to deal with all countries "of 2 basis uf equality and mutur advantage-Associated Press

Wool

Price

Has Down Again

Chrysler

mer: ever

Studebaker ·

111 Hudson have intro-lucca

power

ad- plants and 1.ew vances have been made by other Campaus

day.

Prizes closed as follows.

Spr

October

Jecembe

March (1952!

MAN

Jul

October

December

| March 1953

37.70

38.87 -30.80 36.66 -30 0 38.00

3816-30.12

$4.01

34.87

34.82 bid United PUSH,

NEW ORLEANS MARKET

Spet October

of December were March the Mai July

Melbourne, Orl. 15. Wool sales at the close

sales today's Brisbane Ave lo 81% per cent below

1} of October Sydney rates extensive chigine Top prices Meanwhic

pald were 135 development work has been

for five balts der way the laboratories per pound of all auto makers I no longe, 64/70 greasy merino fleece and is a secret that Ford will have 1804d for five bales of scoured

fleece. now engines in 1952

501

POST-WAR TREND

December

(1932)

if March 19331

the

Europe and Japan were cidef buyers with Britain an

States the United

providing

!: also is a safe assumption some support.

.ba what GM and Chrysler A total of 16,649 balen: have learned from the develop-fured of which

of their top post-war cleared.

gins will be passed along to.

At Melbourne

were

10.400

Weir

bidding wa-

- their several car divisions slow and hesitant at the open-

Bry some instances this will be ing.

sont

In some of their 1952 Early

Howeve: cars

rates were

below The model

some, auctioneer's flis: calls but general will have to wait another year average prices showed Bate or more. Bulek, for example, change from the rates ruling a has noted its dealers it will other centras on October 11 excep. engine in its for better style merino fleece.

which were slightly lower.

Competition cam: mainly from European buyers. British buyers were quiet.

have J

now V-8 1962 cars.

The post-war trend in engano design has been largely toward y-8 ypes.

And though there has

Today's opening was in marked 70 been considerabic !xperimental!

werk with V-6 engines, there isn': teras: :3 the excitement of th: 57 109 any present indien on that the elesing day of the las: series a

ziler design will be brought int 125 carly use.

66

New York, Oct. 15,

tormight ago when prices made their As recovery for months.--

A major objective in car engine, Ruler. cesign mostly Is weight reduction. along with increased structural; strength This has brought

as

in

Asked To Save

Petrol

|

35.50

37.00 bid

30.86-30.57 36,70-38.72

30.00-36.65

Chicago, the Purchasing |

who Agents Association-men

E

buy industry's supplies The

economist A. W. Zelumck pre- dict inflationary trends for

next year.

With

income rising

und and of appliances supplies automobiles limited, an infla tionary gap will begin to open Atp again, Mr Zelomek said.

It won't be a big gap, he added, but a gap big enough to ct as a stimulating business factor.

22.50

Rubber

Markets

London, Oct. 15. Prices of rubber futures closed today as follows:-

Number rubber. to cons

per Tb. November December January/March (1952) The resull, he predicted. April/June would be upward price pres- July/September sure; soft lines such as textiles:

and apparels will be held by t 36.09-38.11 growing excess of purchasing !

34.87

34.79 bid 34.75 bid -United Fress

power, and consumer buying will again become more aggres. sive.

TIME FOR PLANNING

certainty U.S. Grain

Futures Advance

situation

1

Marija.

Afrien

**TUWANGI TIBODAS"

"TASMAN”

"TRADAK” -STRAAT

MALAKKA --TJITJÄLENUKA”

STRAAT

ᎢᏯ

Singapore, I AN

&S. America

Stagspore, dava Poris & Morgenar

Japan Porly

Saigen "& Djakarta

Japan Poris

Japan Ports

Singapore, dava Poris & Macassar Manda, Singapore. K.

Amerien

Atries & K

General Agents: HOLLAND EAST ASIA LINE

Date

MAKASSAR"

ARRIVALS

Ship

From

Europe & Singapore Japan

Europe & Singapore

BAILINGS

Pari *ARENDSKERK" 5th Nov. "ARENDSKERK" 2nd week Nov, “KIELDRECHT":

16th Oct.

6th Nov.

то

"ARENDSKERK" Japan vla Manila --ARENDSKERK"

Manila, Singapore & Europe

YINGS BUILDINGE TELEPHONES #28015

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO;

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, via SAN FRANCISCO, LOS ANGELES AND PANAMA,

NEXT SAILINGS

M.S. "PETER MAERSK" M.S.

"NICOLINE MAERSK”

M.S. "SALLY MAERSK”

40 0015

4022-40

4912-46

414-16

480-47

413% naminal

M.S.

-United Press.

SINGAPORE MARKET

Singapore, Oct. 15 Prices of rubber futures closed today as follows:- Number 1 rubber. per lb.

October

November December

October

3

He

the urged

purchasing: Number agents not to let doubt and un-

undermine their Number

October thinking. This is the time, he

4 Number soid, for

and aggressive

October constructive planning.

rubber,

rubber.

rubber,

Spot rubber, unbaled

Black crepe

The President's Council of No. 1 pale crepe economic advisers reports that!

industrial output continued to

September.

The Federal Reserve Board's production index climbed to 220

15416-350 154-195

149-150%

14452-14532

13412-1351⁄2 154-155

10942-120%

158 -163

-United Press.

NEW YORK MARKET

New York, Oct. 15.

Crude rubber spot No, 1

Associated Press.

Chicago, Oct. 15. per cent of the 1985-39 average, i ribbed smoked sheets 52 asked. Soybeans led grain futures This was two points above the small producer August level and compared with higher with offerings and the tight supply the year's low of 213 in Juty bolstering soybeans, and with 211 in December, 1950. while wheat was strengthened The Council also reported by the cold weather plus rain and snow over the Canadian that total production of goods western provinces plus the anti- cipation of German buying this

Wheat futures closed! week.

to 14 higher and soybeans were 3% to 4% higher.

Prices closed as follows:-- Wheat-price per bushel

Spot

September

Auckland, Oct. 15.

New! May

2.50-2.501 134-2.531 2.5394-3 2.40%-16

December

March 1052)

May

Corn

Spot

September

1.823 1.7816-

December

182

March (1052)

Rye

1.8316-

it

of high octane July

Oats

September

Was

July

016-0

0237

--United Preas.

enawed interest in aluminium ar Stock prices moved higher to- & substitute for such cast-iron clutch day with rails improving to the parts engine blocks, best level since last February housings and cylinder heads. 17. Some profit-taking near the The Kaiser-Frazer Company, close pared values. Specialities with heavy interest performed well and cils

Oil companies asked and aluminium, has been doing a metals, had good gains. The good deal of experimental work Zealand internal airlines to con- Industrial

average gained 61

serve supplies with aluminium engines, cents,

utility 2 cents, the general But aluminiurn is going to be petrol until the world shortage September

-acute, while rails 10 cents, average

on the scarcity list for a long becomes lost 8 cents. он 1,109 Issues time. It is likely

that there learned today. traded, 442 advanced, 441 de- will be

It is not expected this will switches many more clined and 280 were unchanged. from aluminium to cast-iron mean any petrol rationing but before the car the request was made to ensure enging pistons Industry gets ឆព aluminium that, consumption is maintained engine to the production stage. at the present level of about

5,000,000 gallons per year. -Associated Press.

Turnover tolalled 1.710,000 shares.-United Press

New York Sugar

Futures

New York, Oct. 15.

World sugar futures closed

Steel Output Schedule

tess

It is not considered likely that the shortage will mean any revision of plans to extend New Zealand's air services in the Pacific-United Press,

and services in the third quarter ran at a record annual rate of $328,000,000,000 compared with En annual rate of $325,600,000,- 000 in the second

quarter and $818,500,000,000 in the first three months of the year..

Crude oil production/hit 6,257,150 barrels, a record high for the fifth consecutive week The previous week's figure was 6,229,450 and a year ago it was. 5,803,200.

RECORD BORROWINGS

Businces was borrowing at & record rate again for expansion, and other purposes. inventory The total business loans $20,171,000,000, also

was

a record tor the Atth consecutive week. It compared with $20,078,000,- 000 the previous week and $15,065,000,000 a year ago.

LONDON TIN MARKET

Landon, Oct. 15. Prices of tin were steady this mothing. Turnover was 65 tons, acne for cash,

Prices closed o; the end of the official morning session as follows:

Epat tin, buyers....... 1,015 Spot tim, sellers 1,020 Business done al ......... nil Three-months tin, buyers 555 Three-months tin, sellers 05716

8574-956 Business date at ...... Settlement

.... 1.015 United Press.

Pepper Market`

Decline

World Cotton1 per cent of cased interest

Production

New York, O!, 15. Steel production was down a ale from the preceding week but Black pepper prices sattened continued at the exceedingly high today in the absence of buying with spet materiel offered down 2-3 etnis a pound. the flaancial world, the trem the pre-holiday basis. In Trezury Deparment announced will sell $1,250,000,000 in

John

Dealers reperies that buyers bills" which may be used to pay were not interceled in offerings of Washington, Oct. 18. Income taxes next Merch, Pur-spel material at $1.65 u pound. Seeds And Oils that world cation producing payments can each them in en

The Commerce Department chasers whe denture them for November delivery was indica:cd

$1.03.

December $1.81. d New York, Oct. 15.

ber/January shipment $1.50 today unchanged 10 1 Jower Steel production is scheduled

tion is expected to reach about Match 15.

January/March $1.45 a pound, ull with sales totalling 23 con- to stay well above the 2,000,000

New York, Oct. 15.)

Treasury 35,400,000. bales in 1081-1953.

Secretary

en ao ex-dock batis. While tracts.

Prices in the sects and oils The estimata toprekends a Snyder explained that the

spot was quoted Contract No. 6 closed 1 to 4 ton mark this year, the Ameri

nominally at around $2.50 乩 lower will sales totalling 34 can Iron and Steel Institute re-market closed today unchanged 7,800,000-balle, or 28 per cent offering is intended primstly municken

with the following exceptions increase over 1950-61 and is the for big corporations which are stad Un.led Press, ported today.

!

Castorsked, per long ton, highest estimate. of

year building Up tax reserve tunda. It Bald the nation's steel F.O.B. Brazillari port 2.68 except 1937-38.

The smallest denomination will plants have scheduled opera- nominal.

The Department said half of be $1,000; the

largest $1,000,000. ons at 102.1 per cent of their New York Peanuts, Virginis, Dile vene's increase

of a prices

Aw prime and rated capsolte, estimated to be Médium, per lb. F.O.8, ship: India, Ching, the Saves Union on the food front, retail Exchange Rates

contraria.

March

July Beptember

Spot

'January (1969)

Prices closed as follows:- Contact No. 4 (world) January (1063)

5.18 bia 5.10-bid

0.18 traded 0.20

6.30 nominal

8.10 Tented

March

May

Bebember

Contract No. 0

das Unded

".

equal to output of, 2,041,000. net ping point 20-214-United and Koron whose mill consump-choice grade beef cuts dropped lons of Ingats and steel for Pres

tion has mereased sharply much as 13 cents a pound in web done she sol cestinge.

"The Department dided

that

scattered matkeje This would be alightly above

New York, Oct 18, the world export tidal dotton balked at greethi

Den traded last wook's production of 2,028,- Copra was quoted today at in 1900403. amounted ṣto-15,000 ~ | Feductioris of kawal morsing en the Lollowing rates!

6.68 nominal BAN

this

But home (Der. K1) 2 10.71 /Iri@ 3:$37) Tollars (pee. $1) DIMMABLAY 000 ions when the turtle worked 8100, asked par pound; Cocomaut 0001% bales, compared with the mirror with moal bett norwede aurorna, oque 160;

1240 at 101.8 per cent of capacity did was quoted for 14 cents a 151000,000 Bales the your store and pork prices holding at the more

new ceilings »Autovisitd Fress. / for Semen (per 100) panna. 19.88 Associated Press,""

pound" asked Unived: Prén

ZUnited Press.

£ 1061%

Oct. 17

Oct. 81

Nov. 15

ARRIVALS FROM U.S.A.

Oct. 17

Nov. 13

Nov. 30

"LEXA MAERSK" M.S. "ANNA MAERSK" M.S. "LEISE MAERSK”

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Pedder Building

Tel: Nos. 36066-9.

PATTISON ORIENT LINE

LIMITED

R. 8. "LAURE PATTISON"

12-14 Queen's Road C.

Due From:

In Port

Salls For:

DIRECT to Pusan & Japan, Oct.

20th

Chinese Agents:

Tel: 26346.

OVERSEA CHINESE STEAMSHIP CO., LTD.. 48 Bonham Strand W. Tels: 26646, 26127 & 31119

SOUTH

CHINA MORNING POST

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