1951-11-06 — Page 9

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BROZATT

RAL

VINTEROCEAN.

Ship

----

-TEGELBERG'

"STRAAT

ARRIVALS

MARASSAK"

"TABMAN"

MALAKKA" *TEGELBERG"

From

Macassar Java Pork K

Dale

Port

Japan

In

Port

Japan

1020

Nov.

"VAN HEUTSZ-

Penang, Beinwan

Bell &

Singapore

14th

Nay.

Jupan

15th

Nov

-TJIWANOT"

Singapore

16th Nov

"TJIPONDOK"

Stacossar. Balikpapan * Singapore

19th Nov.

20th Nov.

"TJIBODĄS "STRAAT

bjakarta & Singapore

Japan

Sek Dec.

Jazan

SAILINGS

ΤΟ

ርካ

Nuv.

Manila Singapore. 1

4. America

A 5 Alia &

Lith Nos

"VAN BELTS/"

Singapore, Penang & dapat Parts Japan Ports

Belawan Del

Singapore, Jasa Ports Sava Ports & Macansat

A

MARI

Magia. Singapore. K &

& Singapore.

S Afrien

Ricea

America

16th Nov.

"STRAAT

MAKASSARU

**TASMAN" **TEGELBERT?

17th Nov

Now

**TIPÙNDOR"

201

Nov.

**TJIWANGI"

2154

Nov.

22nd

Nov

DODAS

"STRAAT

MALAKKA ̈

"TEGELBERG

Japan Paris

10 Dec.

General Agents

HOLLAND EAST ASIA LINE

ARRIVALS

Date

Ship

From

In

Port

"ARENDEKERK"

Japan

1B4

Nov

"KIELDRECHT"

Europe K

Singapore

1102 15th

Dec.

"KIELDRĚCHT

Japan

Der 5th Jan.

"ÄÄ(TEKERK" "AAGTEKENK"

Europe & Japan

Singapore

Nov. PEN 22nd Nov.

"ARENDSKERK"

21h

Dec.

$94b 7th

Dec.

"KIELDRÈCHT“ ~KJELDRECHT "AAGTEKERK"

Jan

"AAGTEKERK"

SAILINGS

TO

& Europe

Manit, Slogapore Japan via Mantin

Manila, Singapore & Europe Japan via Manila

Manta, Singapore & Europe

KING'S BUILDING TELEPHONES: 28015 TO 28017 CHINESE AGENTS 42, CONNAUGHT ROAD TELS: 31196 25133

Senator To Attack Gold

COTTON

MARKET

Restrictions RECOVERS

Nov 5. New York Cotton futures were lower fay. The market experienced

with

Washington, Nov. 6. Senator Pat McCarran Fly heavy hedge selling and Democrat, Nevada. is ex-coniesion Souse prolit-taking

dealings, pected to try in 1952, for the in the early fourth time since 1948, to orses, extending as a little more "Prices sila Can $3

it Izate. persuade Congress to lift

sequently

worked higher Government restrictions on continued trade buying for mill and export account along with the sale of gold.

short covering, with a good part First, of rour . w 1

alt with it headth of the tosses recovered. to wit

Washington advice The 75-year-ok ve 11 low-i

Ballack completion maker

on Thursday

10

be un bo pital

se

of a German loan the Export-Import Bank up over detalis several has been held

"f the financing. An application we.ks : Reno, Neved:

cotton Joan recent for $40,000.000 Senator McCarran

from Japan and an expretedi speeches show he has been con-

request fren Spain for a $20- sidering the introduction of NJ

000,000 credit will have to be at freeing the m- ball troed

roviewed in hugh Washington gold tion's

miners Erum "straight

jacket" which he levels. The advices indicated. suld was om pe en font 1834

Two

additional private erop today. Lestimates were issued westimating the 1951 productin restore to mines the right to sell at 17,240,000 asales and 16,884.-

barius. respectively gold in opon markee around the O

Senator

Mcfao

The colon cop report will be assovd on Novem-

world and to buy, p ssess, imper next Governnien!

and expert the prova. yellow

1-12T

Miners iTi this Cots have had to sell their gold to th U.S

in for the past 17 years,

per fine ounce.

$35

situation, Mr McCurrana

ber 8. The Üctober estimate was 16,931,000 bales.

Futures closed 60 cents a bate lower to 15 cents higher than the previous close,

This believes, should be chang

.n

Decober

crder to increase pr: due in gold needed to build up the US Stockpile, both in peacetime and wartime Associated Press.

Matreil MAY

Warning

Of A "Cotton War"

Cairo. Nov. 5.

July October

High Low Clie 39.41 39 10 20 34-34 39.25 2833 39.6-13

38.6 38.51 38.00-15

38.25 37.90 38 10-13.

36.82-38.15 36.70

March ..... 38.47 36 20 36.40 gonilnai Midding Spot 40.25 nominal

unchanged --Assuciated Press.

NEW ORLEANS MARKET

New Orleans, Nov. 5. Cotton futures closed steady

to 70 cents a bale tower lo 15 cents higher. December March May

Egypt's Minister of National July Econorny, Mr Hamed

39.27-29

30.05-07 38.74 38.08

Zaki October

36.65 Pasha, warned today that Egypt Spot collon closed steady, un- a "cotton war" changed. Sales 5,297, Middling may declare against Britain it relations be 39.00Associated Press. tween the two

countries get

мотье.

Egypt, he said, had not yet Textile

taken

any measures to alice British milis

away

Marks

Market

Time from

Egyptian cotton production, but

New York, Nov. 5.

he added: "This could be

subject for consideration

સ nic-

The coton Alexide mærke: was

Anglo-Egyption dispute,”

cording to developments in the quiet today with buyers sil awaiting some improvement in the movement of Batshed grodo before making commitments for

of

Mr Zaki returned from 1 European bour today avaid

Press speculation that his trip grey con. Prices remained abou was to line up new customers unchanged to the closing jevels, for cotton now going to Britain. last week. Recen: price icercases

United Press.

pod-duck fabelos brought seme alackening in demand for

Coca-Cola Co. Dividend

New York, Nov. 1 Coca-cola Company today declared a dividend of $1 plus an additional year-end, dividend' of common, both payable un December 15 to holders of record on December 3.

The

of

$1

Those goods.

The wool goods market remain- cd dull, with dealers awaling announcements of new Spring prices by mills.

The cayon goods marko; was dull.Asscelated Press.

U.S. Yarn Output

Washington, Nov. 9. Company paid $1 in the

American output of Wool previous quarters, bringing the yarn in August averaged 13,000 total for the year to 60. This is pounds a weekt, the Govern the same ne fast year.

nient reported. That was 20 Coca-cola International Corper echt above the level of poration declared a dividend of 10100 pounds, the

previous 324,80 on common payable on month.--Associated Press,

to holders+ of. December 19

Decomber The 2

..3..

New York, Nov. $37 compared with $87,30 last $102.50 per short tonUnited

Press

AROOPKASHMda'the'' 1907: total to Copin was quoted today D

THE CHINA MAIL, TUESDAY, NOVEMBER 6, 1951.

CAUTION STILL NEEDED Qutlook On The London Stock Exchange

Peking-Ceyion Barter Talk

Calombo, Nov. 5. Chinese businessmen mað vhất Ceylon anon to dis- 1:2455 the possibility of tartering rice, cost and grain for Ceylon rubber, according to Mir A. S. Chatoor, a Ceylon rubber exporter, who has just re- turned from the Far East.

He said that the Chinese were willing to buy Ceylon Jubber al good prices and supply Ceylon with 100,000

within tons of Fice

the next three months. If their barter proposals were de cepted.

the

The Ceylon Food Direc- tor, Mr Alya Pillai, com- meoling on the offer, satā:

buy it i We shall price is reasonable.**

The Government is the soin Importer of Router.

rien.-

Economic

Pressure

On Reds

Warning Against Belief In Increased Profit Margins

(By NORMAN CRUMPI

London.

Mr Attlee can say with Mercutio of his moral wound, "'tis not 50 deep as a well, nor so wide as a church-door; but 'tis enough, 'twill serve.' But the real question is, will the new majority be big enough to serve the country?

That is the question which each of us must. ask himself, and he must ask it on the threshold

of a winter fraught with anxiety both at home HONGKONG

and abroad.

This is the immediate future, which the investor, in common with others, has to face.

it was

preserv

meusis o

The outlook for commodity Is good. The Roan shares

is non Antelope copper grund free to pay the higher dividends which it announced a fortnigh:

ago; and so are tin and rubber But both at home companies. and overseas, · The ebange Government does not us yet mean reduction in working costs or an increase in nroß! margins Caution musi

be the Inves or's watchword

SHARE MARKET

(From Our Correspondent)

The

half day's business

Stock Exchange the Hongkong

Business $700,272,50. totalled transacted during the morning and noon closing prices were: SHARKS BUYERS SELLERS SALES GOVT LOANS

4%

15000 4 081. $50,000 # 231⁄2 BANKS

Union

Underwriters

DOCKS, ETC.

MESSAGERIES

MARITIMES

MOM

Arriving

...Nov.

Leaving

"LES GLIERES" "FELIX ROUSSEL"

... Bec 6

Nov. 13

Dec. 7

"DOCTEUR YERSIN”

+"MONKAY"

Buy 11 -Nov, 28

**FELIX ROUSSEL"

{"BASTIA”

Nos. 11 Nov. 30 Dec. ទ DEL 7

.Dec. 24 Dec. 23

passengers & freight

Outward Por

Marcillos Homeward For

Indo-China

N. Africa & Europa

Manila, Saigon &

Marseilles

N. Africa & Karopu

+ freight for Saigon, Port Said, Tunis, Algiers, Oran, Tangier, Casablanca, Havre, Dunkirk, Antwerp & Rotterdam.

Bubject To Chan ce

Without Notice

CIE DES MESSAGERIES MARITIMES P.O. Box 63. Hongkong Queen's Building (gr. floor) Tel. 26651 (3 lines).

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

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

NEXT SAILINGS

(1948) 3

IK Bank East Asli INSURANCES

1500 1560 31870

12%

710

0.10

ol

HK Fre

142

K. Whare

A

N. P. Wharf

6.05

Dock

18.25

Provident

13.80 14.10 1000

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

161 371

400 500

500 371

1700 ST

6.80

M.S. "ANNA MAERSK"

54

M.S. "LEISE MAERSK”

1.35 1.80 2000 g 1.5% 123%

M.S. "GRETE MAERSK"

During the election campaign! ceasing to buy clothes, and there markets remained within bounds is not likely to be much spare The exuberaney caused by the purchasing power about during the dissolution was the coming winter, The same R.ws of quickly checked, and even when warning applies to luxury goods

that apparent

Mr generally--and even to the export Churchill would have a small industries, to judge from recent ajority, markets were quiet and reports of consumer credit restric- In this the investing in in the United States and hesitard.

€'sewhere. public showed good sense.

Looking first at the gift-edged market, I should expect the long- 3 Government socks to hold

Thus 3

was creen: Was Loan, which quired at 86%, may settle down a: about 90 My reason for say

this is that the current long- form interest rate of 3 percem Any probably high enough. aze by the Government of highe. interest rales, t> checking inflation, will probably be confined so short-term role For this reason I am a little mor. ¦ nervous about bonds maturing before 1270 than I am about the longer-dated stocks.

11:

the outlook for Washington, Nov. 5.

some ways

equities has beer Economic pressure by the industris

cleared by the election. Dividend other I'nited States and

Limitation should now be dead. anti-Communist countries island it is to be hoped that one o' making fe much more the first administrative acts of the difficult

new Chancellor will be to with- for the Chinese and North Korean Com-w Jast July's notorious White On the other hand, the Paper Willard

Government munists, Mr

has to ge FK W

if it cat. Thorp American Assistant through the witzler.

and so i may Serretary of State, declared witheat trouble,

aşk compatties to exercise some today.

degree of moderation and res Train." We must also are what 14

"Making Life More Difficult"

parorului

i

British

MILD RALLY

London, Nov 5

A mild rally in British indus- trial stocks eased the gloom of the London Stock Exchange 0- day after ve losing days in row

Government

bonds scored small gams during th morning, but shed them later and closed dull. On shares were mixed. Mining issues weakened from the on disarmament talk

UN General Assembly in Paris. The Fiuncial Times' daly index of socke With 130.7, u;

.5-Asociated Press.

form the promised Excess Profits Coal

Tax takes

Whey WANC feeling the p.non of such

cotion an:1 as petroleum, tratzspe: ation equipment.

On a television programme. Mo far. Thorp sald that depriving Comumas: of the things

o wage wHE

economic military

the they

of the .5 one

sup- steps operations

Acc. sep. he said, was "the speeding up of mobilisation and deferre production here at home

Rr

Amewan

As opped

Restraint should not be carried The investor, like every- one else, has to meet recen! rises in the cost of living.

Not

the new Government likely to lent itself to measures whose sole object is to remove alleged grounds for resentment - such nuts having been previously stered for polical ends.

By

Strike

Negotiations

Broken Off

Tokyo, Nov. 6.

Union Japanese Coalminers

wi masagament representatives

the same token, it is to be hoped last night broke off negotiations that the Capital Issues Com-, aimed

walk-out

Wheelock

LAND. ETC. HK Hotel MK Land S'hai Land Humphreys UTILITES

Tram

P. Tran Star Ferry

C Light (0) 94%

ཕ

47.30 3000 1721

Light (N) 6% 0%

C. Light Bİ Electric

Telephone INDUSTRIALS

Dement

22, 23).

1000

15 16.40 900 @

1515 15% 600 7 15,80

300 16.00

1000 16.05 1000

18.67

Hope STORES, ETC.

Dairy

2134

Wafsen

2006 22

18.00 19 300 g 100

200 18.7

2014 2594 Crawford 29 Sun Co.

240

200 123% COTTONS

Ewo

420 430 600 3.10 MISCELLANEOUS

Yangtz.c

4.10

..

1000

9000 4.75

The Rubber

Markets

4514-00 45-45

at ending the 72-hour Some 189,000

London, Nov. 5. Unions affulated with the Prices of rubber futures

Miners Federation closed today as follows:- Japan Coal went or strike

yesterday Number1 rubber. In centa

per lb... up their de- morning to back

December in- January/March (1952) 4474-45 mands for an 80 per cent

April/June crease in wages.

The 180,000 miners on strike July/September bring the

total of coalminers | 1dle to over 200,000. Some 35,- 000 miners on the Southern island of Kyushu have been out since last Wednesday.

Mr Thorp and the United States has been rustiching exportsmitter will shortly receive a very

different set of directives. This miners. China since 1949 and had pro- dif

tightened them until all should enable companies to bring their nominal capital into line trade with the country

the real value of thei! when the

Clunese with

assets, and so to pay dividends Kenza. But he suremed up the limita-based upon the true value of their effectiveness of shareholders' property, instead of on the embargoes against the Chinese by upon the nominal value.

ing that China did not rely so that a com- 071 imports

would ec-noult embargo the fighting in Kuren Calcare

inns

13.4.

production] supplummed

by the things which being supplied by the Sovie:

enemies

STAFF SHARES

mission in vain,

in

stall

Uri. . makes our Korea Lily self-sufficien. if

require- memeng their mility Dips--Reuter

TEXTILES

4314-24

42 nom. -United Fres SINGAPORE MARKĒT

Singapore, Nov. 5 Prices

of rubber futures elused today as follows: Number 1 rubber, per lb.

November

December January (1052)

147-148

24115-142

153-163%

15244-153 13134-157

Number

November

3 Novumber Nunber 1

rubber,

rubber,

November

No. 1 pale crepe

If so, this should clear the air for companies such as Imperial Chemical Industries to capitalise

The Coal Minors Federation part of their reserves. Hitherly many of them have sought per- is demanding 570 Yen per day and 300 Yen A project of for pit workers

surface

The wider interest was that put for

workers.

Number by Associated Electricni management contends that these forw to make a special issue wages ere higher than the pre- of shares to their staff on terms voiling wage standards containing a

Japanese element. This bonus was catched by the In- mated that the strike will mean and Revenue authorities,

who coal

a daily loss of 90,000 tons of cent of the coun- 60 per cent daily output. This assessment for income tax.

Electric industry workers are to strike. Their cbstacle could be removed only threatening

has been

project

IN

said that the bonus

DOLDRUMS

New York, Nov Textile business is bad

in

the Netherlands, a visiting pro-

reported. ductivity team

not as bad as

element

would expose the recipients to try's

newspapers

esti-

by a clause in next year's Finance scheduled walk-put Bill, which is many months put off until Thursday pending

Such a clause, however, nego ippon

ahead.

but would be well in accord with the to present Conservative atitude America Members of the team said large industry.

prices Inventories and falling have curtailed production in the Netherlands The Dutet team

Is spending six visiting

Ámerican Flants.

leader of the team of 22 sentatives of Holland's and cotton spinning and ing industry, said Dutch

less-Associated Press.

textile

was

Dupont Sales Increased

Wilmington, Nov. 5. Sales increased but earnings

rubber.

Spot rubber, unbuter Black crepe

1315-133

1522-1594

108-109

-United Press.

158-103

LONDON TIN

MARKET

5. London, Nov. Prices of tin fell shorply this morning and steadied at the lewer level. Turnover was 120 ions, all for "forward.

Prices closed at the end of the official morning session ag follows:

Spot in, buyers Spot tin, sellers Jusiness done at Three-months tin, buyers Three-months Un, sellerA Businesa dono at Settlement

DIG

no

D6215

110

B63-934

080 -United ProER.

ARRIVALS FROM U.S.A.

Nov. 15

Nov. 30

Dec. 16

Nov. 16

Nov. 30

Dec. 20

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Pedder Building

Building Costs

In S'pore

Singapore, Nov. Costs in building houses are rising daily. Singapore The contractors report. month of September saw a

10 per cent boost In

prices.

A contractor said: "Last Cluristmas we intended to sell pur lowest-priced house, with land, for $10,- 000. Today with the land and

piling, the cheapest Is $13,159."-Asso- ciated Press.

price

Shortage Of

Steel

Cleveland, Nov. 5. Three factors block hope casing the squeeze on steel sup- plios this winter, "Steel" magazine said. They are wildcat strike, a suvere strap shortage and swell ing defence requirements.

€ arw

Tel: Nos, 36066-9.

Exchange

Rates In New York

Canada dollary England-oficial

New York, Nov. 8.

US$0.06% 2.80% 2.38 bid 2.39 asked 2.79

unoMeis

30-day futures 00-day

futures

Austraila (pound New Zealand (pound) South Africa (pound)

Belgtung (zone)

Denmark (trane!

France franc) West German Deutchemark Holland guilder | Italyficial Norway, (kroneį Portugal (escado Spain (pesu) Sweden Krone) Switzerland-free

MIDDLE EAST Erypt (pound) Iran (ral)

Iraq (dinari Turkey (a) LATIN AMERICA Argcnune-officiat

Brazil (crustrat Bolivia (boliviano) Columbia (perol Cubu (pesa) Mexico (peaol Peru-free

Chile--free

Uruguay (peso) Venezuela (ballvar

In its weekly review the na- tional metal working magazine

of better FAR EAST the possibility balance between supply and 48 India (rupee)

Pakistan rupee) mand by mid-1952.

Hongkong no ed that a strike in Indonesia the Birmingham derrict last week Bingapore cest 7.000 tons of los production daily ontoge which cannot be made up and which will meso an order carry-over into the next quarter.

Last week's national Ingot rate! rose one point to 104 per cept of capachy, equal to about 2,086,000 net to of inges and see for castings-Associated Press.

New York Sugar

Market

New York, Nov. 5. Domoric sugar, futures No, ditsed one to three higher. Sales

Black

Pepper Market

57 och racs,

March

May

July

Beptember

$40 bid

13 nominal

5.40.1

Japan

2,201

.0198 .1456

0020-9/16

4.20

2630

110894

.1904

1347

12

0935

2.83%

03125

2.81

5275

0703

US60

0150

4825

1.00

1100

0050

A175

2005

2103

2030

1706

3040

91.05.

300 yen to US$1

-United Pris:

Grain Prices

Fail To Hold Gains

Only small were recorded

on

Chicago, Nov. 5.

price changes in grains the Board of Trade today after the market failed to hold to an early bulge:

OTI

and prospech weck brough

Cold Weather 552 domine: for exports this World Alger futures No, & closed buying into all cercals during five to 11 lower. Sales of contracts the drst few hours. Corn and

The

Times com- mented: "A prolonged dispute in these two essential industries could

paralyse the nation's Meanwhile the country has to economy."-Associated Press. get through the winter. This re- minds us of such problems as the weeks balance of payments and the dollar gap; prospective shortages of coal, fuel and transport, as Joban Anton Panhuyzem well as steel and many other raw repre-materials,

burden of The rayon rearmament will grow, and we weavstill have to see how the new manu-Administration will tackle the facturers stocked up on

raw twin evils of inflation and ex-dropped during the first nine cotton last year, when scarce. Now, he said, they find cessive Government expenditure months of 1951, E. I. Dupont de their cotton worth considerably hose dangers are a formidable Nemuurs and Company Incor

porated, reports.

Net income for the first three of the year totalled quarters $159,090,040, equal to $3.34 per common share, compared with The position of the Trey on of the utmost importance to in period of 1050..

position of readily availṇble Sales, however, rose from November 1, compared with the ves.org. “First, how big is the

surpluses of blicit pepper margin betw corresponding date a yeur ogo:

bolwoen 8: company's $927,502,749 to $1,150,723,049,

Du Pont listed $60,000,000 in today, although buyers were November 1, 151 $230,110,3,010,07 earnings and dividinda? Second,

alow in

responding to November 1, 1950 $250,797.670,27087 is the company engaged in an dividends from its holdings in Total assett.

essential industry

General

grafi Mokots Corporation stock higher basis. November 1, 1981 $22,233,053,019.31

Dealers Indicated $1.70 per JAPANESE BONDS higher GOOD INVESTMENT compared with $10,000.000 for November 1, 3050 $23,240,425,113743

pound for small lots in ware- Rearmament shares should the first nine months of 1880. myAssoclátod res

turn out well as a medium-term A total of $275,200,000 was got oisas $1.00 for five tons and $1.07 nur potind for large investment provided Dat he aside for taxes and other Federal Dividend Announced Conservatives E.P.T. proposals fees during the first three quaruntities—United Press,

are framed on senge howlers of this year, compared with Makers of bricks, comment, paint 8123 G60,000 for the perlod

Rand General Motors Corporation and other building materials of in year--Associated Press Exchange Rates today destored a și dividend on should benght from the Conser Karachi, Nov. 5, common shares, payable on valve promise to give housing The Trade Marks iegistry is up

Bushings was done in the focat

U.S. TREASURY

Total do

Washington, Nov. 5.

.

New York, Nov. 6.

list.

Therefore, as the winter pro- gresses, most industrial equites of a semi-spoculative character are more likely to fail than to rise. Two que

New York, Nov. 5.. The unbroken dock workers"

questions will remain $218,627.099 or $4.87 for the same strike acted to strengthen the

December 10 to holders of re-priority second only cord on November 18. The some ment, and allo

10

private

January March May The Boptember Haw sugar bot

tho

market tils.

exchKilre

stering finter" (phroli Brand, Japanise applications for 12 ofiars ther 1). quarters this year, bringing tile The autoak for taxies is less trade rogantique,« ikke Pekin Indonesia suijders, iar jodi 1951 total to Asseclated cerlain, Even before Mr Dallon's enl Ministry of Commerce Amonitor 184)

Antipore (8KIBRO, notorious speech the public were i Announced today, - United Press | Fic Limiters (per 100) ad

"amount was paki di previousing, he allowed to revive now accepting German; Italian Emorning at the following rates

4.03,bld 403 bid -

12.03.bla 4.23 bid 10.00 nominei Associated Press.

the largest gains. pats mode Later, prices allpped with goybenna doveloping the most weakness. Wheat alno gave up all. fia gming.

Wheat closed lower to higher, Corn unchanged to

Osta - higher, Rre (new stylo) 1⁄4-1% lower, Soybeans 1-2% lower. 50% Whess'

Landon, Nov, d. Japanese bondka

JOZ. SKOTH of 1010) *** (EL of 1907) of 1934) ** (816, of 103 Console

United Prean,

December

Tið Mareli

July 64% Boy bean

November Janopy Marolt

NY Bank Stocks

New York, hav Closing bank quotations

Beptember

Ryo