1951-10-31 — Page 9

M

MESSAGERIES

MARITIMES

M

"LES OLIERES”

AZIVING Leaving

"DOCTEUR FRSIN "FELIX ROUSSEL"

Y

Ber

MARSEILLAISE"

༢.....

MONKAY

"BASTIA"

passengers & freight

1

M

Ward for

Inda hitam

Mazelles

Patward For

7

Manila

Falcon &

3

Ber

25

A & bruge Mier & Fur ope

freight for Saigon, Po Stud, Taros, Algiers. Oran. Tangier, Casablama. Hacre. Thus a, Antwerp &

Iteram.

Subject 1 thing iPhont Nother

CIE DES MESSAGERIES MARITIMES

Queen's Buck!'y

THE CHINA MAIL, WEDNESDAY, OCTOBER 31, 1951.

World Cotton Position

Washington. Oct. 30.

esti-

OF

The Agriculture Department reported That world Colion

locks on July 31 were mated at 11,000,000 bales, 40 per cent less than the 16. 600,000 bales a year earlier.

At the same time, the De-

+150

that partment

reported total cotton exports in 1950-51 Anri tolulled 12,000,000 bales

12,000,000 bales had been ex- arted in 1919-30,

Dispute Over U.S. Reliance Ceiling Price

Of Raw Wool

Washington, Oct. 30.

A tug of war appears to be building up with the Office of Price Stabilisation on the issue of rolling back ceiling prices on raw wool.

Top officials of the Price Control Agency generally favour a rollback while those at lower exports la the world shortage levels oppose such action.

It attributed the decrease in

of avalable supplies and the 12131 high prices rather Son to the

lark of effective Jound for imports.

The Department added, "Both

exporting and importing

expected to

TM rebuilding от

Իր aks during the current sea-

Pam Posse

Countries are FRAU

son

The 2065) (3 bres).

M.V. "LA MARSEILLAISE”

MARSEILLES

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

Tit

Saturday, the 3rd of November at 9 P.M.

l'assonpri-ure requested la heard the vesind with their cabin baggage on Saturday the 3rd of November befwent 5 1.M. and 7 PM

Baggage Room and Hold luggage will be register- et at Kowlonu Godown No. 50 (No. 2 Gate, Canton Read intranet on Frdiay the 2nd of November from 9 AM, 164 PM, vai von Saturday 3rd of November from 9 A.M. 46 NOON. No bagrage will be accepted for registration after this time.

CIE DES MESSAGERIES MARITIMES Po. Bax 53. Bongkong

Queen's Building (gr. finery Tel, 2615) (3 lines).

American Rubber Stockpile Said To Be Safe”

Washington, Oct. 30.

The President of the US. Rubber Company is convinced the United States has a "safe" rubber stockpile.

"I believe we could face a five-year war even with our Far Eastern supply entirely shut off,' H. E. Humphreys, Jr. told the National Associa- tion of Independent. Tyre Dealers,

Last month the Senate Pra

Sub-Committee paredness

charged that private busines groups kept the US. from stock- piling more than 20 per cent o its natural rubber goal during the year ending last June.

But Mr Humphreys said. "What is needed is to let the

this country world know

die-

und to 90." said Lonard K Firestone.

number of th Fame: rubber arm family and President of the Pirestone Tyre and Rubber" Company of Cule forma, in an interview.

Thu price has declined since mound 53 vents

pon, when of rubber i

finitely has more rubber avall-pleted, the price should

it than it able to

can conslime! and that the excess is more than sufficient to build up the stockpile at a reasonable rate"

ko

"In my tockpile

News ennugh to bring tyre prices down -providing labour

other cats ant

do not take

The

Vol-

RU

Mr Humphreys charged that more steps upwardi.

the

uncertainty

However.

of

he diet of future!

not think Government

at the price would return to pre- purchases

level because natural rubber for addition 1, Korean war

demand -Associated the tockpile is an artifleti world'

Press, condition holding up the price | of natural rubber.

Rubber available next year. both

and natural

synthetic. will exceed consumption by more than a quarter of a million tons, Mr Humphreys said, add- ing that mone rubber will be Available for civilian then in 1951.

good

He called on the Government

over

to get out of the rubber business, to turn

the synthede rubber programme to

and private industry

permit ber buying in the open mar- done, he

TI this were

dicted, the price of natural ould be expected to from around 50 centy to 15!

drop

ia 20 centa a pound.

The Government now con- trola tho purchase

arful sale of rubber,

SINGAPORE MARKET

Singapore. Oct. 30. Prices

rubber futures closed today as follows:-- Number 1 rubber per th

Delaber November December

3

rubber

Number

Ocluber Number 3 rubber.

October

Number

4

rubber

October

Black crepe

No. 1 pale crena

Spot rubber, unbaled

151 -151 15-1511 100%-

14514-140"

14045-1415 13012-1311 151 -151- 19745-107 150 163

United Press

Jap Agency In Taipeh

Talpeh, Oct. 30, Two representatives of the and defence Japanese Overseas Agency are the stockpile, to come to Talpeh next week to make preliminary arrangements up on office headed

meds, gures are for

get top

Actual

secret.

Si

weeks ago,

tone," Associated Press.

1 for

in

Gov- by Schicht Kimura who is ernment oficial said Ur dock due to arrive in mid-November. plie goal was not too distant, The Japanese Oververs Agency assuming normal market conti-branch is being established

Talwan purely commercial

tid economic purposes. TYRE PRICES

Oficials of both the Chinese Seattle, Oct. 30. Nationalist and Japanese, Gov Firestone. Tyre Company | ernments en down hard on. at- official predicts that tyre prices temp's to tie the agency in with

blateral treaty should edge downward after the Governmark - qualitat pipelt-

The Chinese Nationalist gov. olling rubber next year.

permitted the establish *Whom the Clovertument des mont or u brauch here to deal gab kockpiling, after the only in matters regarding the (Comunes - wike" saxlad, the price promotion of trade, a gertanding da of tmtural rubber rose on the vine and often routine matters. world market from 20 cents AL-United Press”,

-*/ craniot

en-

This

Tac O.P.S. has been

smaller than usual og ther dering the possibility for some is no indication of an improve- ume because the . ing price ment. of raw wont have been under

week began will both the ceiling ever since they were (topmakers and esinuers rather

el in May by the Q.P.S

anxious for action. The chief Agency could not tow exception is in medium cries. re:lings

Ebred tops of 50s, carded quality

the

Although world production levels because the new Control | where, although pries look * 1951-52 is expected to reach Act forbid rollbacks or steady around 99 to 108 pence. 25,300,000 bates, and consump-agricultural commodities below both 119 S the 32 800,000

buyer's and szers arc

is expected to be less than 90 per cent of the May 19 refl-polding off until the opening

bales consuming prices

of the New Zealand sale.. Chited Press,

i: 1950-51. storks will still be vell below normal at

at the end

of the current season."

world elton

ין

The ceilings of $3.4i per pount for 84 watp

a type used in ' In forecasting future world botter grades of worsteds-frem haste in cotton, the Department Australia could be pared down said,

with a build-up of stocks to around 2.80. It is now sell- needed need in about half of

for $2.35 to 2.45 a pour thing araport-aut countries and the 70e alling price. clown

$1.80 per pound on pes reduceů ko

September it appears 24. jumped to $3 on October present condition and dived to $1.97 within the world expert trade in colton week. mould exrned the total of 12,- 100 000 bales exported in 1950- 51 and might exceed the total

12.800,000 bales in 1949-50 °¦ United Pro55.

The 1949-60 level,

Selling Wave Continues In

London

London, Oct. 30.

The OP.S set the ceilings the high level in May be mus of the import situation

After the Korean Wal price of

WO raw

spiraled upward. reaching a Pak March

ויך

FEAR OF SHORTAGE The O.PS was afraid to set the eviling at the lower level for the fear of calling off im ports and rausing a shortage the United States. Bul with such a big decline in the sell ing prices, the top offimals o the Agency now want to lowe the ceilings to more realisti. levels and help to hold she pre sent general price line

Exchange Rates In

New York

Canada (dollar) England-oficial

Mex

unofficial

York, Orl. 311 11950.5%

30-day future% 90-day futures Austrata pound, New Zealand pound South Africa (pound Beigham (frame) Denniark (trene Free rane› West German

Doutermark

Holland (galloct) Italy-offici

Nutway krane)

2.001

2.35 bid/-

On Foreign Materials

New York, Out, 30. The Government's chief buylog agent safd today that the United States must rely on foreign sources for a large part of its strategic materials requirements Tor Foals or even decades to

cume.

Jen, Larkin adminis- trator of the Defence Materials Procurement Agency, told the National Foreign Trade Counci that a long-range foreign materials buying pro- gramme is essential for the

country's military and civilian needs.

United Press

HONGKONG

SHARE MARKET

¡From Our Correspondent)

The half day's business the Hongkong Stock Exchange ! Lotabed $608,074,50. Business transacted during the morning and noon closing prices were SHARES BUYERS SĖLLENS SALES DANKS

1505 1910 10 1600

125

160 @ 124

HK Ban East Asta

INSURANCES

Undon

K Wharf..

Provident

S'hat Landi Hundress

105 1071 207 100

1000.00

18.70

13.90 14.10 3350 @ 12

3614

17 17 2006 67 12.40

1000 @ 171⁄2

8.55

2500 61 9.65

3006

ROYAL

Daily

In Fort

In Part In Par

14h Nov.

74.h Nav. 14th Nov. 15th Nov, 30th Nov,

5th Der.

*

2nd Nov.

3rd Nov.

6th Nov.

Rch Nov. 18th Nov. 18th Nov.

20th Nov. zzna Nor

3th

ᎠᎨᏒ .

PAL

INTEROGE

Ship

ARRIVALS

"TEGELDERG" "TSITJALENGKA"

"STRAAT

MALAKKA"

STRAAT

MAKASSAR” "VAN HEUTAZ” "TASMAN" "TJIWANGI

STRAAT

MALAKKA TEGELBERG"

"STRAAT

Japan

From

Macassar, Java Porta &

Singapore

S. Amerlen, Africa & Singapore

Japan

Penang, Helawan Deli & Stagepore Japon

Macassar, Jara Ports & Singapore

Здрам

Japan

SAILINGS

MALAKKA" "TJITJALENGKA"

"STRAAT

MAKASSAR”

VAN HEUT87"

*KTARMAN"

TEGELBENG" "TJIWANGT

STRAAT

MALAKKA” TEGELBERG”

General Agents:

Date

4th Nov.

Japan Ports

TO

-

Singapore Java Ports & Macassar Maalla, slogapore, E. & S. Africa &

8. Americs

Japan Porth

Singapore, Penang

Japan Ports

& Belawan Delf

Singapore, Java Ports & Macassar

Mantis, Singapore, R. & 5. Aftion Singapore, Ateina & S. America

HOLLAND EAST ASIA LINE

ARRIVALS

Ship

"ARENDAKEIK”

2nd week Nov. "KJELDRECHT"

5th Nov.

"ARENUSKERK" 2nd work Nov. "KIELDRECUT""

KINGSBUILDING

FRINASE!

Japan

From

Europe & Singapore

SAILINGS

TO

Maalle, Singapore & Ruropa Japan via Mantle.

777

10 777

Under Wr20% HK The

5.90

1000

140

DOCKS, ETC.

N. P. Wharf 6.30 Duck

1,59 ken

2.781%

Wheelock

100 38%

2.7412

LAND, ETC

2.18

HK Hotel

6 6.40

200

2 203

HK Land

53'

04 500 é 34

2.00

1 EX

0198-

12

1435

UTILITIES

MIZA-976

Trnm

1 20

Penk Tram

2630

(0)

1067

Peak Tram

1903

(N)

11

Purtigia fereudo?

0347

Star Ferry

112

Soan pereta}

0265

the

Sweden tktome

0935

; MIDDLE EAST

2.00'

00120

201

4375

Eleu

LATIN AMERICA

Macou

Argentine-afjell

C

Brazil cruzeiro?

9100

W

Chile--free

50

તા

were one of the weakest ser- bons, closing with losses up to

of a point.

Domestic

industrin

stucks

Times'

dally Was 135.1,

British Goverment bon their prices up to those levels.

Some OP.S. officials are in- clined to agree with this bui officials favouring a reduction claim that this does not make sense.

CHIT United States

price and

put

Columbia (peso:

4023

(pes) Cuba Munko (pesG) Peru-free

100

Electric Telephone INDUSTRIALS

Cenient

12

15 15

1:53

15% 19% 200 @ 1875

1000 @ 15.4

4000

0650

M.S. "SALLY MAERSK”

STORES, ETC.

Ungay (peso)

4178

| Venezuela (bolivar)

2005

Daley

19.10

5000 @ 191

M.S.

FAR EAST

Watson

20 28 1550 @ 20

900

ndin (upen)

2100

Crawford 29%

'akistan rupee)

7031

1765

COTTONS

Exo

4.30

500

4.30

M.S. "ANNA MAERSK"

3040

2399

M.S. .M.S.

"LEISE MAERSK”

A general belief that the new Churchill Government | will make a strong attempt curb inflation led to

to

row on In a

But representatives wool and worsted manufacturing industry, called

Egypt (pound)

past 1ran Tal

Ing idinar]

week to talk about the reduc- tion. ssid this might cause the

widespread selling for the market price to go up. They second day

said foreign wool seilers migh! the London Stock Ex-set the idea that the new

སྙན price was change today.

in the

Just up to

1/8d.

The Financial

index of stocks 1.5-Associated Press.

NEW YORK MARKET

New York, Oct. 30. The stock market closed with prices thoroughly mixed today after persistent selling shaved down carlier gains. Right al The close of trading scattered buying formed the list.

'Turkey (ra)

Hongkong

Grain

380 yen to US$1 -Unitet Press.

Prices

Domestic wool producers also Netherland East Indus voice strong opposition, saying Singapore that any reduction in the coil- Japoni ings would have the "psycholo- gical" effect of reducing domes- fic production when it should be expanding to meet mobilisa- tion eeus. They said sheep raiser would slaughter morc animals hustead of keeping them for breeding for wool output. Some O.P.5. offcials are wor- ried about this threat. United

Galns and los ran more than two points in either dire- tion in active arcas,

Trading came to an estimated Prees. 1,800,000 sheres.

PRODUCTION UP The market started higher 1

Washington, Oct. 30. what appeared to be an exig The Agriculture Department sion of Munday's lale rally that reported that wool production put the market head firmiv in Iran anci Uruguay is

Buying came

all divi- creasing. Bilg stons, especially ralls, stecs, non-ferrous metals. oils. chemicals.

same

It said that total production of shor and pulled wool in

Tran in 1951 is now set BL

In Chicago

2. Light (0) 9.65 92, 1400 g

Cght (N) 5 40 6.55

C Ugh (B) 9.40 0.55 1000 6 925

2000 9.45

1000 @ 3.50

23' 24

550 223% |

World Bank Net! Profits Up

Washington, Oct. 30.

The World Bank reports a net prot of $4,251,872 in the three months ended September 30. This compares with $3,744.- Pse of grain futures deser733 not income in the similar Lothay as follows: WHEAT-price per bushel.

Chicago, Oct. 30.

2.40

253

2.56"

2.541-7

241-

Spot

September

December

March 152

-

May

CORN

Spot

September

1,090

December

193

March (1852)

1.04-1.45

May

1031

IYE

July

September

1003 17.

July

the

September

New York four-pa 200 Sack. $12.75-Unded Press.

14

sites 040,000 pounds, compared with New York Sugar

Futures

Later, however, rails started about 35.000.000 pounds, on backing down with pressure grease basis. or about 3,000,000 heaviest on San. Fe. Steels pounds greater than the 1950 Joined in with US Steel lading output. It quoted estimates the slightly lower trend of that that there was about 8,500,000 OATS

pounds available for export on section.

the

time

min October 1. signis appeared all through the

The The Department said the Jst to balance

clip for the remaining Uruguayan wool upside stocks in the final hours. season beginning this month i: Standard Ou (NJ) held dog- now estimated at about 180,- Redly

small gain TO A directors declared

int about 180,000,000 pounds in the 15-0:0: extra and a 75-cent

1950-51 regular

Feason. The Department said. "The dividend as compared with the

from the previous sea- of previous payment

75-cent carryover R

son of about 15,000,000 pounds regular and 25-cent extra.

will take care Curb

of domestiy stocks were higher, some with considerable strength, consumption."

the It also reported British Ministry of Materials plans to acquire up to 40,000,000 pounds (clean) of raw woni in the 1951-52 wool selling season,

Prices closed as follows: In according with the general

CONTRACT NO. 4 (WORLD) policy of stockpiling important

***Jury' (1952)

5.14 bid raw materials, it said, these pur- March

5.05 bid chores will be made evenly May

6.05 tracect 5.03 bid season and July throughout the

within the September

Spot

including producer Kirby:

Corp.,

Petroleum. Calgary and Edmonton, Creole Petroleum, and Imperial OIL

Dow Jones Averages: Industrials

Rails Utilities

260.52 79.50 45.4

-Associated Press.

Steel Price

Warning

Irving

New York, Oct, 30.

S. Olds, chairman of

US steel Corporation, said to- day that the giant steel-making concern will seek a price in- crease if its workers are grant- ed higher wRECI.,

The chairman of the nation's Number Ohe steel producer

spread

widely sterling area.

that

New York, Oct. 30. World sugar futures closed today 4 lower 101 higher with! sales, totalling 17 contracts.

Contracts No. 6 closed 2 to 3 higher with -sales totalling it contracts.

May

CONTRACT

(1062)

It added, "It is expected that in view of the relative smallbess March of the quantities involved, and July the range of spread over grades, Beptember types, etc.. these purchases will Spor not cause any disturbance to the market."-United Press.

MELBOURNE, SALES

Melbourne, Ool, 30. Wool prieds remained firm on Monday's levels when the Mel- bourne sales were continued to

day.

Continental

GOVT.

1.00 nominal 6.17

NO. I

period last year.

Net profits go into a Generalit Reserve against losses on loans, and loan guarantees. This

Perve now totals

Associated Press.

$40,417,000.

Cotton Textile

The

Market

New York, Oct. 30. cotton

textile market;

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

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

NEXT SAILINGS

M.S. "NICOLINE MAERSK"

"LEXA MAERSK”

ARRIVALS FROM U.S.A.

"GRETE MAERSK”

Nov.

Nov. 15

Nov. 20

Nov. 16

Nov. 80

Dec. 20

For Freight and Further Particulars please apply to:-

AGENTS:

JERSEN & CO.

Pedder Ruilding

Tel: Nos. 36066-9,

S. A. C.

was que today despite a sharp Every TUESDAY is SAC DAY to BANGKOK

upturn in colton futures.

Prices

displayed

n stendit understone but dealers tata!

10

that buyers showed no incline-! tion

be stampeded

intol taking commitments by rising cutton costs.

Rayou goods w slow.

! Associated Press.

BOND MARKET

New York, Oct. 30. Late solling crased carty gains and left the corporate bond market irregularly lower today. Activity was modera and sales of most issues were relatively small. United States Government loans of longer maturities met some demand in the last hour and turned in small gains.

Japanese bonds

the foreign -Assosiatsa

were mixed

$.33 trader

5.40 traded

on small sales in dollar section.

47 nominat Press.

5.97 seminal

5.43

-United Pres. ASSURANCE

Washington, Oct. 30. Senator Allen Ellender, Chale- | man of the Senate Agriculture Committee, sald today that tar Agriculture Department

had

sidering steps to bolstry tug roo prices. He had protested to the wita

stred him that it is con

and DIRECT FLIGHT to RANGOON

BANGKOK/PENANG ON WEDNESDAY BANGKOK/RANGOON & CALCUTTA, ON FRIDAY BANGKOK/SAIGON ON FRIDAY

For full particulars, please apply:

General Agents:

Tel: 24292

SOUTH EAST ASIA TRADING CO., (SIAM) LTD,

69 Connaught Road, West. Peninsula Hotel, Kowloon.

Booking Agents:

Tel: 56416

AUW PIT SENG'S TRADING CO., LTD.

10, Pedder Street, Tel: 26733 ́-

CHIANG HUAT "HONG

340 Queen's Road, West, Tel: 36204

Pacific Far East Line, Inc.

DIRECT

Fast Regular Trans-Pacific Service.

OVERLAND

NEW YORK-CHICAGO DETROIT-TORONTO. MONTREAL AND ALL AMERICAN & CANADIAN OITIKO

Guam, Marinas Islands, Morohestan Islands - Regular Service direct or with transhipment.

United Press,

Airline's Profits

Vernal

BUSINESS SLOW.

New York, Oct. 30, Bradford, Oct. 30,

United Air Lines today reA BERPEN Consumer resistance caused ported net prent of $0,748,012

Arrives

Principal demand came from Department about the resent BAN FRANCISCO, LOS ANGELES

buyers, made it plain that notice has Japanese buyers operating freely, drop in the price of raw sugar, not yet been recived from the

Top Merino price was 150 Sted Worktes Union, concerning pence

-8 pound. Associated Wag Prest negokitions for a new contract. Under the present

Union may contract the 'nofle 60 days before, the ex- paation date, which next

by soaring wool prices in res for the nine monthe dis year December 31,

any noteome invent monitus i alrendy cost ending September 80. This was "*. 1. LUCKENBACH there is | Wags rates, the Corporation; the "wool textile industry," u at the rate of $8.04 a share. 11 ÓZHADE WIND”

katrice increase to substantial part of nemad boniparus with a net pront of bimos, the higher, ocata sul, opera bulgang for, fillas meconius 4,174,920 or $1.87 a sliten for. tion Mr Olds told nowanien. Now it is kenerally acknow- the similar period in 1010-As-- For full periiculars cali United, Sintea Linen Oo, Göngeal Agende Queen's Buliding, Tol) 38288,

Aboclätad Armgur,

dodge that orders are much nociated Prove....

R

From

"For

Bati Trico

Nov.

effan, two 3-bortis cable available for pan

Bandoo

Bat Franolo

Bas Pranoteco & Los Angel

Now, 110

|Singapper: "8 „tjakarta MŲ

Dec 12 Dec,