1951-10-30 — Page 9

THE CHINA MAIL, TUESDAY, OCTOBER 30, 1951.

MESSAGERIES MARITIMES Furious

M

Arriving frastr

Nov

DOYLUE VERNIS

ES LIBRES"

"FELIS ROUSSEL

*A MARSCHLÄISE"

"MONKAY"

"DASTIA"

165

Competition'

M Blamed For Increase

*ufwht!

..

---

atenew and ur

Manba BATEIN A

Make Thes

11.

1

"

Afles A Funpe Mira astep

passengers & freight

1 freight for Saigon. Put aid, Tum. Algiers, Oran, Tangier, Casablanca. Here, Dunkirk, Antwerp & Rotterdam.

Bubject To Chane Within Nutier

CIE DES MESSAGERIES MARITIMES PO Box 51 Hongkong Queen's Building (gr. (her) Tel. 26651 (3 lines).

Labour Disputes Trouble

Spots In

In Price Of Rubber

Rome, Oct. 29.

Furious competition among the United States, Russia and Commun- ist China for strategic rubber shot the price up as much as 150 per cent, the Food and Agriculture Organisation (FAO) reported today.

In a year-end survey of world agriculture accomplishments during 1950-51 and possibilities for the fature, the United Nations organisation said

For commodities like rubber, where statis- tically the supply situation is less tight, inter- national commodity speculation pushed prices op at an unprecedented speed in late 1950 when the USA., U.S.S.K. and Communist China began stockpiling."

JAPANESE TRADING

The US Economy WITH CHINA

New York, Oct. 29.

cor Labour difficulties and disappointing porate earnings are the trouble spots in an other wise encouraging economy.

Defence orders held industrial production at little morn high rates. Civilian goods moved a

dangerous inventories were freely. trimmed further

Exchange

Rates In

New York

Canada

!!

inglende tra

New York Out 2

おしゃ

DO AL future

-day futur:

778.

3740

and

ויו י י ... .. !!

New Frut South Af

Bear.com trace:

Denmark ander

Pampa

West GraaYERE

Develona.

195 INZH-14

!luti

2034

Lady

l

110

Mr. Way

1105

gal eelo

317

Spout spes

Dg65

Sade Ata

$3.

Swalardand 1.4

EAST

BA

93126

21.

AMERICA

MIDDLE

FRyp pytle

11.4. P

ir alı

LATIN

Arpora monk

Buza! serZESPO

Chute Tea

CATANIA

Cula

Tjakr

1! ་།h!

Pe: 0 frev

on

1

The FAO said: "C: mputed with 1. half of 1950, during already had which some prices

HONGKONG SHARE MARKET

Japan-Indonesia Trade Talks

Takyo. Oct. 20. Japanese and Indonesian toprestafajives opened their trade conference to- day in Tokyo and were Gold by the Japanese Vice- Foreten Mmi-ter,

Iguchl. that the present trade agreement between the two countries WAS sound but needed corree- tlou of weak points.

Mc Iguet.i said it was Japan's desire to expand her trade with Indonesia.— Renter,

On

Talks Plan For Wool

Los Angeles. Oct. 25,

Representatives of

Krowers

was

¡From Our Correspondenti

Business dotte

this Exchange valued avt

BANKS

on the Stock morning $514,650.

Date

11 Perk

PIL

INTEROCEAN-

Ju Port

thet

Jed

Nos

Japan

Nov

ANAN BLEUSZ

1414 Nav 13th Nov 200k Not

IN

And Nov

Frami

Ship

“TEGELGEALr.'

ARRIVALS

TUTJALENGKA

STRAAT

MALARKY

CONTRA VI

MARASSAR

--PANALANK

SELEY ANAL CORDIA AT

AFALAKKY" PEARL S3E1G"

AA DAS

Macassar, daya Poris & Ringapore

Singapore

Amerter, Arlen S

Penabe Belawan Hell & Заклоге Japan

SAILINGS

Japan Ports

-STRAAT

MALAKKA" ISFJALENGKA

INTRAAT

MAKASSAR”

"VAN HEUTSZ"

"TANMAN" "TEGELBEN" **PAWAN GA **STRAAT

Macassar, Java Paris 化 Singapore

Rajan Japan

Th

Singapore, ASA Parts & Macasent

Mania, Singapore,

E&S

Japan Port

Singapore, Penang * Bekawan bell

Japan Porta

Manila

Singapore, Java Purts 4 MacAST

Ard No

New

HELE

Nuv

16th

NOT

18th Nov

27

Noy

wool

2nd No

7111

Dec

General Agents:

ARRIVALS

of the British Do-

minions met United States tex- tile manufacturers and the wool- Noon industry spokesmen

ou! die morning'sine plans for an expanded pro-

responded tú the inercasing quotations and United States demand, many transactions;- comm:dity prices soared by 10 t; SHARES BUYERS SELLERS SALES

per cent and as much as 150! per cent in the case of rubber": FAO indeechy blamed the Tinited States for the run on and¦

price of ubbr.

The report said: "Relaxation by Texto, Det. 29.

ne United States Government of Rantour. र increased

regulations ou mandatory con bruch betwrem Communist sumption of synthetic rubber

and Japan under Cha

consent

are unation eroundless, a high American official said today.

Mr Bu ell W Dave. Director Blend Serva es of General Mulbs N Role y

erzje kopen vyzrajned. terlane al LEVISION 01 operation procedure In inid- Septraher but resulted

11

1:

The

Peve WA" teggages at unblin hatres lubom troubles

1.

P CPLAY

Department

meolte at poles hent nonal

the serunt quate. (the

hgues Ides be when

Lu avrabbondantes:

on mual sale of $274,000,-

50,00

... DOMAI

presadida, tarte quarters

ן

1 l

1:1

mig andes thored aut At high en bewgen August 15 at Spada. 15

1930-391

vest 1209 at the Chien.

MINOLOGY

reponsible for Je

SIM

16 apparel price,

War

Retail bus) DESS

Was

a little

spending

The INI AKTY

but whale the

was coming along mure slowly

in Expected, lacy milk

Ur: ind

howing and possibly a

markedly 2

ex-

better

lot.

La rerard Christmas turnover

INFLATION AGAIN

talk f inflationa

dl. 1 Invection

1.

of heavy teleuce spend 39 Commg up.

in

i had beiget that trade with Red Citing w. being restored.

“As a mitte: fact it never Fad hun cut off on non-critical

Mi Hale said.

He explained that the Japenese in July Get mament

nad

put Colton and rayon fexfiles under *port licor em anticipation of ward dumping of the

by Low-moving goods manufacturers,

321

some

This

ten required approval 432 orcupation authorities for such experts and US officials advised Government that the Japanese This would be unnecessary the case of sich vongtimer goods. - Associated Press.

the

HK Bani East Asia

INSURANCES

Canton Union

.. 1590 1020

125

ידדד

חל?

233

20

776

Underwriters.

A 90

150

500

HK Fira....

240

allowing

Anglo-American financial

"Augus talks ini

and SHIPPING September, 1949, may have giv he initial impetus. Bul intreasing onsumption of rubbe par- the U.S.A played its cularly 92%, and so did a temporary hold apon experts from Indonesia ne ben quarter of 1950

Kramme wool promotion in the United States

and Canada. The delegates, who are Direc- its of Woot Bureau Inco pornted, which represents ele- ments of the industry through- out the world, have decided to a permament offee here up

the Western United to serve

70 States, from Texas to the Pacific Northwest and from Denver to the Pacific Coast.

sident

meeting were

were

Mr Eugen Ackerman. Pre- the Wool Bureau, said the Western United States was The largest per capita user of wool in the country as well as being the fastest growing area. the Among these sent at

Mr

Excelanal undi, Chairman of the interna- tional Wool Secretarial in Lon- Mr Owen Walerman, Aus- don

ralian

representative

the Secretaria in London, Mr 5.20 Leslie Hartley, South African De- Mr Harry representative. 3500 @ Usai vereaux. President of the 500 12% American Wool Council, FLS well as other U.S. delegater. -- United Press.

E

Asia Nav

DOCKS, ETC. K. Wuk N. P. Whort Dock Provident

1 1.10

104 10

625

12

14 14 13 8500

14.15

1000

110

4,20 450 361

10:00 a

6

5315 84% 1.80 1.95 1400

122.

The majer let. was, how- ve, he outbreak of hesull'ies in Kura followed by strategic stock - alling by the U.S.A."

S'hai Dock Wheelock Hongkew

LAND, EN

HK Hotel UK Laid S'hat Land

Tlumphrey's

The

said that the report United States was so anxious fo rubber for strategic stock-

ng that decided in Septem- [TLITIES br. 1950 to recommission all iş syntbeing rubber plants, most of which had been a standby enn-

en.

CHANGE POSSIBLE

The FAO

sand:

-1. repor!

were m- edn, restrictions posed on the use of all rubber fo vilman purposes during the lar four months of 1950. These

strictions

were further entence

cnd Towards the

CÍ Osteber, so

December, chat by 1950 Amer.can manufaelu.cts are limbed to only 63 pe: cont

bose spra of their

a for natu.n

Selling Wave rubber.

On London

فاء ناها

Exchange

"One inzul, at his polley was he binging in operation of less

n.he de rubber unl's!

Tram

P. Train

Star Ferry

17.36 17.80 (2209 - 17.50

C. Light (0, 9% 2.70 0900 A 9.65 C Light (N)

6,00 100 8.00

100

4.05

1000 6.00

BRADFORD PRICES

Bradford, Oct. 29. Although the British Govern

1000 7 6.45 ment's

announcement of the

C Light B 98.45 3000 9.45 proposed stockpile of 40,000,000

Electric

1000 9.35 pounds of wool on a clean basis 245 100 24

top prices to 00022 caused merino

jump 2, the rise was entirely on paper and was entirely wiped Dust later.

The quick disappearance of due to the up-marking was realisation

Govern- ment's proposal did little more Ban cover the current decline in Bradford's purchases and to

Elec. Bonus/ Macao Eles. Telephone INDUSTRIALS

Cement Rupe

STORES, ETC.

Dairy

327% 1200 221

1.2

161⁄2 1100 2 15

15% 16

21

Watsup

19 19.30 100 19.30 251 251 400 br 25.73

Crawford 28%

Wing on

(H.K.)

nd this, coupled with a general

reise, nased the costs of COTTONS Roduction"

In its forecast for the

Ewo

future

Te duction

f rubber. the FAO report sakt: The e nsumption of rubber iti 1931-52 may

affected by a ha.p sheduled United 5. es sutomobile produc- tion. This will be partly offset by

cased miliary commitmen s he late should decline in 1952-53 and the stockpiles bagn be drawn on to meet current

British pendon might shift sharply from me cxipordinary searchies N

Landon. Oct. 29 Win MeSunsbev

wid dullar Ste Feneral The ver

Churchill of Winston Charman, Su the Aght failure

far win the election more con- Jed 10 widespread onticat Cuy

The London Stock ceiling on Exchange today.

Lusses ranging

from pence to a shilling and a half

and mining issues.

fictionally lower.

The

Dejan

A...

RAH

1. F

DEVE

4412..

10

FIX

15 | 13

3 ruguay

EppRUL

Venezuela Colten

2005

FAR

EAST

Commerce Secretary Sawyer: come up with a surprise Ceili

I

Pakistan impres

2030

Hongkong

17:5

#040

3

Indonesta Singapore Junkt

דיג!

360 vea o 15

-Under I

Grain Prices

Recover

Chicago, Oct. 29. Grains recovered from an early Josses on the Board of Trade today punching out small gains for the session after having been down a couple of vents at one time.

43% 4.00

1400 254

10 101

Wine Prices

Declining

that the

bring the Courtzy's

Up

wool stucks

to a somewhat safer and more normal level,

The current pries are as fol- lewat. 70s "A" 280: 84s

"A"

170, 643 "B" 165: 60s super 150: 58's super 134; 56s super 124; 50s - D0: 49% - 97 and 46s - 93.--- United Press.

AMERICAN FEARS

Washington. Oct. 29. American textile manufac- turers told the Government they may find it impossible to operate

New York, Oct. 29. reduced raw wool ceilings it Domestic wine prices have wool prices rise again. Two other

Adromustation padices were general among industrial,munds, the supply and demand been declining and are expected wom groups the growers and

peech at Columbus, Ohio, when be mard Government bud- Government bonds also finished 1950-51."-United Press.

actices encourage spend- ing instead of savings and keep expelets 20 the public

anvool!

The key

Ituiu-teral figures the how steel production at highest rate in tour munis

102.9 peratrius af

per

ent of expacity.

Crude oil output was at ¿J record high again - 6,271,450 barrels, compared with 6.248.- 200 the previous week and 5,830,500 a year ago. Mobilizer

Defence

Charles

E Wilson summed up the industrial strength as at the point where the Soviet leaders ought to hesitale long before challenging it."

LONDON MARKET

Landon, Oct. 29. Prices of rubber futures closer today as follows:-- Number 1 rubber, in cents

per lb. December

counter modest gains,

Bubber and tin shares

the

trend

4 The Financial Times"

with

dady

Index was 136.5.

Japanese bonds

"A" (45. of 1899)

694%

B (48. of 1010)

59

"C" (5s, of 1907;

109

Apri/June

17

July/September

124

66

Censols

"D" (5s, of 1934)

(5. I 1934)

Associated Press and

United PrusS. NEW YORK MARKET

New York, Oct. 29. stocks market did an The

weak start about-face after a today and prices mwed into higher ground.

SOFT SPOTS The rally started early in the;

Toere were some soft spots, morning and sprend late in the day to other section. Corn was however. American Viscose Cor-3

the reasons.

to tumble further. industry the dealers have previously sources said. Au anticipated re- opposed Government

Proposals cord grape production and near-to lower raw wool ceiling prices. record wine making are given as The woollen and worsted | fabrics makers fear any change would disturb a delicate world In the State of Califonda, market situation in which_prices which produces around 95 percurrently are far below ceilings. cent of the nation's grapes and The Government has suggested 4546-49 4514-14

about 85 per cent of its wine, that the present ceiling of $3.36 45-45

prices for ports and sherries in for average type. wool might be 43-431 buik quantities have declined cut to about $2.79-Associated 414-4 --United Press.

some 40 per cent in the last six Press. months. A record crop of over | 3,000,000 tons of grapes is in prospect--an increase of about 20 per cent over last year. This cuts.--Asso- may bring further cintod Press.

January/March (1052)

Firmness In

NY Cotton

LONDON TIN MARKET

Most

of the gains were p

New York, Oct. 29. ulicas but a few wide movers

Cottori futures were arm to- ahead two to four points. poration announced that 1 These large gamers included day on trable and commission bought following a statement by

Cyanamid, Den house buying. The market Agriculture Secretary Brannan would further curtail production, American

Smelting and started off easy on light hedging

London, Oct. 20. and acetate rayon Chemicat, U.S. of viscose

whleb met only scale-down sup- Prices of in were steady this that reserves of livestock feed

yarns because of poor business Cerro De Pasco Copper. are not large enough.

Many

Issues gained sub-port. The hedging soon dried morning. Turnover was 55 tons, Wheat closed - higher in the textile industry.

It wits tite second such cut-stantially from their low points. up and persistent trade buying all for forward.

Com- around 1,800,000 found limited offerings. back. The Arst was made in Volume

Prices closed at the end of higher.

mission house and New Orleans

the officiel morning session as early October. The new one be- shares.

buying broadened,

follows:- 200.43.

Washington plans buy 79.93, 600,000 bales of United States Spot the buyers

Spot tin. sellors 45.10. cotton this season,

Com was

to one

Oats were unchanged to

cent

higher.

Bye, new style, was 4 to 1 higher

Soybeans were

higher.

Closing wheat:

December

March

May

July

Soybeats: November

January

May

March

July

Com, December

Ityr. Derember

Dala, December

% to

1

$2.6376-14 $2.50-1 92.5413-2 $2.4434

$2.00-19

$3.01-01

$3.02-021

comes cfective carly next. Dow Jones averages:

Industriais month.

The Company added that still Ralls further curiallinent may become Utilities

h Issuance of necessary after pending order 'miting the

of chemicals manufactured from sulptur.

And strikes were a dark spol on the economic pleture. The nation's No. 1 port, New York,

wilical was paralysed by a

$3.02-0216 Tong-lioramen's

strike,

which

-Associated Press.

New

York Sugar Futures

New York, Oct. 29.

fo

38.16-20

Futures closed $2.35 to $2.93 ja bale higher than the previous

close.

December March Miny July October Ddeember March

World sugar futures closed Middling spot 33.405-14

also has hit plers at New Jersey, today unchanged to lower with *1.7

11 contractsi 09-no Boston and Albany, NY, and sales totalling

Contract No. 4. closed 2 lewer. $1.9056

followe Prices elcac

Contract No. 4 (World)

Bath Bill

Prens

Bank Quotations

New York, Oct., 20. Chig bank quotations) ———

Dankut America

Cha National

·National City

threaten to spread further.

There

In werd stoppages

alemic energy plants, and trouble January (12) in rubber plants and electric ap- March pliance factories.

of

May July- And the 70,000 membere

Septen bor the Brotherhood of Locomotive Spot Firemen and Engineers were told

by Union, officinis to plan for

16 possible สน

50 asked

2016

natles-wide wirßen,

80

新绍

However, no date was

447 40

Associkled Proak,

BLOG trutteri

$0.02 37.72-78

97.20-23

30.00

20.07.

300 30.10 nominal Agroplated Prem NEW ORLEANS MARKET Now Orleans, Del. 20, Collon futures closed strong at or near the day's best levels $2.55 to $8.00 bale higher December

*11.00

-5.00 1100

11.03 bid

1. ด

2an but

Desabrz

Untied Press.

30.00

Business done si Three-months tin, buyers Thyre-menthe tin, solleys Buses done at Belizment

1,000 1,010 nii

.10716

936-970 1.005

-United Press.

TEXTILE MARKET

MELBOURNE

SALES

were

Melbourne, Oct, 29,

quiet British buyers when wool sales opened here keen de- today but there was mand from Japan which was by European well supported countries.

Prices were 72 to 10 per cent higher than the closing Mel- buurne prices a fortnight.ago.-- United PreKS.

New Record

For Steel

New York, Oct. 20. The nation's steel plants ex- 10.000 more peet to produce tons of sleel this week than ever before.

They reported to the Amer|- can Iron and Steel Institute lo- day they have scheduled opera- tions at a record 104.5 per cent. of their raled capacity.

This is suametent- lo' account or 2,088,600 net. for un cutpu

Eod Hlect, for tons of Ingols New York, Oct. 20,

castings, exceeding the previous Activity in cotton textiles

record set in the week of April was traited today. There WELK

001 30,

when production some scattered molling of priti totalled 2,971,000 tons. cloths and sheetings. nt about

changed prices.

Last week, the plants worked ut 102.9 per cent of capacity to pro The wool goodd market was dube 2,957,000 tons of sle

operating rale. ago the Intrs focused on month quiet. bidding for 2,700,000 yards of was 1024 per cen: and output wolaffd nylon serge for the 2,051,000 tons. In the corespond

ing minh, & prear ago, a rate of 1034 per cent beard on emaller Boot cotton bluard study armed services. balo lilgher.

were dull capacity resulted in production of Middling

1,075,000 tons Associated Press.

hamoniated Premi

Rayon goods Assoulalad Prem,

MALAKKA ̈ "TEGELAENG"

Dale

Ship

ABENDSKKÜK" 410 Nov 2nd week Nov "KIELDRECUPE

✓

5th Soy

PARENJSKPOK" 206 week Nov, “KIELDRECUT"

Slaapore.

S. America

Africa

singapore, Afcles & 5. America

HOLLAND EAST ASIA LINE

Japan

From

Europe & Singapore

SAILINGS

то

Manila, Singapore & Entope Japan vis Mabila.

"KING'S BUILDING TELEPHONES 28015 TO 23012

CHUNGSE AGENTS--82-CONNAUGHT |--ROAD-G-TELS 31196,2

MAERSK LINE

FAST FORTNIGH TLY SERVICE TO:

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, vla

SAN FRANCISCO, LOS ANGELES AND PANAMA,

NEXT SAILINGS

M.S. "NICOLINE MAERSK”

M.S.

"SALLY MAERSK"

M.A.

"LEXA MAERSK"

M.S.

"ANNA MAERSK"

M.S. "LEISE MAERSK" M.S. "GRETE MAERSK

ARRIVALS FROM U.S.A.

Nov. 1 Nov. 15 Nov. 30

Nov. 16

Nov. 80

Dec. 20

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Pedder Building

Tel: Nos. 28066-9.

M.V. "LA MARSEILLAISE”.

will sail for

MARSEILLES

vin

MANILA, SAIGON, SINGAPORE, COLOMBO, DJIBOUTI and PORT-SAID-

on

Saturday, the 3rd of November

at 11 P.M.

Passengers are requested to board the vessel with their cabin baggage on Saturday the 3rd of November between 5 P.M, and 7 P.M.

Baggage Room and Hold luggage will be register- ed at Kowloon Godown No, 50 (No, 2 Gate, Canton Road entrance) on Frdiay the 2nd of November from 9 AM to 4 PM. and on Saturday 3rd of November from 9 AM. to NOON. No baggage, will be accepted for registration after, this time.

CIE DES MESSAgeries maritimES PO Box 53, Hongkong Queen's Building (gr, floor) Tel, 26651 (8 lines),

&

SOUTH CHINA MORNING POST

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