THE CHINA MAIL, FRIDAY, NOVEMBER 16, 1951.
MESSAGERIES MARITIMES Japan To Buy Colonial
M
"FELIX ROUSSEL"
"BIR HAKEIM“
"DOCTEUR TERSIN"
Arriving
Leaving
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Outward For
Marcellies
... ENC G
Dec 12
Des
Bec
7
18
Japan
כוד
Romeward For
In
Nov 13
Salpon
***MONKAY"
Nov
7H
***FELIX ROUSSEL"
Dec
Nov
Dec
N Africa & Europe Manila Saigon &
Marseilles
"BASTIA"
Der
2-1
Bec
23
N Africa & Europe
P
passengers & freight
+ freight for Saigon, Port Said, Tunis, Algiers, Oran, Tangler, Casablanca, Havre, Dunkirk, Antwerp & Rotterdam.
Subject To Change Without Notice
CIE DES MESSAGERIES MARITIMES
P.O. Box 63. Hongkong
Queen's Building (gr. floor) Tel. 26651 (3 lines).
First-Ever Oil
Strike
British
In
Columbia
Toronto, Nov. 15.
An oil rush up the Alaska Highway is expected
Japan To Buy Colonial Secretary's
Tankers
Tokya. Nov. 15, Two Japanese shipping companies today annoubord that they would soon im- port iwe 10,000-ion tankers from Panama,
The Japan Tonker Com
would porchase the pany "Kyokuto Maru" from the Compania Globole Naviga- tion. Panama.
The
Vessel. formerly Japanese, was sunk off the Philippines during the war bui
pul and was raised
the commission by Panamanian firm.
lato
The Tokyo Tanker Com. pany would purchase the "King's Canyon" ftum the Overseas Corporation, Panama.-Reuler,
FOREIGN EXCHANGES
IN NY
דית.
serata pukaid.
Al-waandi Belgium 11.00
bezmak
k
War hat Al Gum)
12 lb HT
Hints anal
to develop after a disclosure that the first-ever oil Norway strike has been made in British Columbia.
Nov 15
KISEO BAT,
237 ask
Commons
Reference
To Sterling Balances
London, Nov. 9.
The "alarming growth of the sterling balances of the Colonies" was referred to by the Becretary of State for the Colonies, Mr Oliver Lyttelton, during the debate in the Commons un Thursday evening on the King's Address.
He said (and the following is a verbatim ex- tract from Hansard) -
Feverish Movements
In Cotton
C'otion
New York, Nov 15
futures Buctuated feverishly over a range of $2.50
a bale.
The lack of fresh -- mv.helped to create ar
The re- overtone of caution.
December si,tance
The market opened up 17
The after at 11 points
2.
2 34
festa
2794,
day futures
2 731
2.21'
278
2 80-)/0
[n
1455
nearby
QU20-915
delivery person
4 20
230
I
wary about
11067.
Hard
1405
Partial 124 165
4347
Spar poulay www
11264
QU35
pany, which made the strike, have climbed three dollars to an all-time high of 13 dollars, compared
Dollar shares of the Pacific Petroleum Com-MIDDLE EAST
ERspai pelarida «
2.8
03125
na;
2 Gi
1uikr
3373
tal
0700
OFOU
#150
ling
0125
100
May
Moka spread Pru Ber
1305
July
50
Or ber
Mapes
4251
Venezuela otvara
2005
Deer-mb.:
1 wail from rush with a FAR EAST
Me:ch
India stirpe)
2103
Cuffe Power
Pakistan rupe
2030
Prees
Hongkong
1755
3040
Singapore Pupan
3395
300 yen to US$!
United PreS
with two dollars two years ago and 80 cents in 1948 | LATIN AMERICA
HONGKONG
SHARE MARKET
(From Our Correspondent)
The desenverg
Angeline fare,malube In green, light-gravny od was in ach FS: Jeln. Si mans un thr Alaska Highway 1 m Udo in
Danks in the wat-time Alaska Highway Pigh. We rub-Aretic, prosperter we br
alte
Business done
On the Stock
ĮMASKA, "VUKOH
PUSAT
was
CANAD
PRONT
¿FORT BY JONE
BALTISH
Exchange this morning valued at $86,930 Noon quola- tions and the morning's aus - actions:---
SHARES BUYERS SELLERS SALES
Jh Hank
BANKS
FL-2 Asa
INSURANCES
1580
ALBERTA
COLUMBIA
10 770
STRIKE HERE
War
Wetherales
HA
140
145 155
106
ย ร
IT HO
34
300 0 38
P
SHIPPING
A Nov
LUCKS, ET
K Whir!
N} Wons!
Lock
ovider:
LAND, EK
FIK Fintel
JIK Lani
UTILITIES
g ט
15
£1
Star Ferry (Ligt 10) GU
t
Light (0.35 Cinc Electri Teleszone
INDUSTRIALS
jumping-off points mistead of using the pack males of the o golt-rush days.
Chicago Grain
Prices Rally
Whra
ly to
Chicago, Nov 15
Jutures
tucky :osed gher and saybenus I were a to 24 higher
Prices of grain futures ela, od as follows:
Warat five an budet
2004-261
263-1
YUSA
Spon
Deretal
Mar 1935S:
M..
2 3191 - - -
July
2 19
Cord
Spo
1 48
:00
07
March 1972.
10
Max
1999
Jay
10.
KV
Deemon
2034
March 19521
2 02
December
1
The ike was made imestone formation known to br fne pesmo-Pennsylvanian agr which abound, that ares
There are hopes it may prove to be a vas olied comparable 5065erhaps, with the prone strikes in the neighbouring province of Alberta
1060 17
122
1ght
(N) 640
6! 100
201 91
650 445
221% 22 ao 1100 21.
2285
14 90
Lement
Неме STORES. ETC.
15.30 15 00
#2 221-
181
19
Walon
**
21
4.10
Sun Co
COTTONS
Ewo
MISCELLANEOUS
Yangisze.....
400 15 30
LONDON TIN MARKET
London, Nov. 15. Prices of tin were steady and less sensitive to the apparently worsening conditions in Maisya. Turnover was 55 tons, all forward. Priers closed at the end of the Micial morning session as follows:
Spot tin, buyers
090
Spot tin. sellers
1.000
Business done at
nil
Three-month sin. buyers..
300
Three-month tin, sellere.
Business done at
Bottlement
933
193
070-802
-United Press,
Exchange Rates
Eutives was done in the exchange market uhoficial thome at the following rates:-
Local tisia
US Dollars (per 1)
0.343
Sterling note (per
1)
16.53
Inahmeste Fuldens (per 100)
3.30
Statical (per 100)
20.00
Singatire (B{rasts).
1.01
I pieklizes (per 100)
13.70
TAIPEI BUDGET
All eacy aneller explora lon planned. Twenty on companies. including Pacific, plan to speTKI 200,000 dollars exploring half a Bullar Cres in the mountain south of Dawson arre 40 miles Creek. Drilling will begin me son as equipment is available.--
..ndon Express Service.
Japanese To Aid
Kashmir
Srinagar, Nov. 15.
Au ofbeint announcement said
(kats
March 1952
New York dour
15 United Press
1456
: 200 back
"I want to say che pa ul word abou; expansion with regard to the office which I now have I do not the honour to hold. think there is any field in which expansion can be more ready made, and where will have
upon
0
ле
effect
our economy
rather upon the economy of the sterling
Even as whole- than a developmen and expan son of the production and trade, of the colonial territories. I sball indeed count myself fortunate te bave the office which I now hold. if I can make any contribution to these results and to helping my right hon. Friend in 1h sc
ways.
"It is very curicus
me
13
Snag Holding Up
Trade
her
Talks
Tokyo, Nov. 15 Japan's fear of increasing trade big sterling balance was today autho ritalively reported La br holding the
up
Japan Indonesia trade talks.
Indonesia, who had im- ported more than she ex- ported to Japan, wanted a settlement of trade balances in sterling while Japan con- tinued to insist that the balk of the settlement should be in dollars.--- Renfr
FIRM DAY
ON LONDON EXCHANGE
o the first Kotice think that spent part of my clay on November 27 made selite sibing on an Empire mar
pressing to ketug board, the task of which was to try to And outles for varicus
f:om production Colonics which were slow of sie.
London. Nev 15 we And No many Years la..
Trading on the Lendon Sterk ourselves in almost the opposite Exchange was mostly frm und condition, with a ready sale fo:quet today. so much colonial
tha production our problem is in expanding pre- duetion rather than engaging in find outlets for i. rescuren to 42.75-82 profoundly believe" 42.00 M: H A Marquand (Labour 12.45-46 Middlesbrough, East): "What the
Gentleman 41.90-91 right hon.
inherited 30.55. was not, therefore, quite so bad in his 39.10-20 as he pictured earlier 39.02. speech.
back ed and filed nervously Hedge selling and I quidation pushed the mark into the day's lows shortly before the close, but trade buying brought smal covering again the final minutes
Decembe Mater
--Coed Press and Asser.ated
NEW ORLEANS MARKET
New Orleans, Nov 15. Cotion fulures closed $1.30 to $210 a bale lower.
Closing prices:
December
March
May July
PWC:
42 67
Mr Lytekom "I am quite weil aware that the right hon. Cen- tlemen opposite think that they discovered the Colonies. I will word to say about that have a later.
THE SOLUTION
42,27
"I believe that the solution of 42.11-14
the economy of the whol: sterling 41.50-53
in this direction, and 39.33-34 area lies Spo retton closed $1.50 a bale hink that there may be some further. although they may be alleviations which can be small, drawn from the Colonial Terri- tomes, but I do not think they can be massive. Most of our hopes must be concentrated on the mid- Terms and long-term classes of projects.
Midling spo: isted Press.
42.25.---Asso-
Second Best
Auto Output
Detroit, Nov. 15.
Lever Brothers dropped 1/ad on announcement of plans to rais
£19,000,000 by a new sock issue. The Financial Times daily ndex was 129.0.
Japanese bonds
"A" (4. of 1899) "B" (4s of 19101 "C" (58. of 1907) “D” (5ɛ, of 1934) "E" (8 of 1934) Consoly
684
111
77
126
63%
-Associated Press and
United Press. NEW YORK MARKET
New York. Nov. 15. The stock market was up 10- day but not very much, in the midst of quiet trading.
Railroads and oils were he principal pillars of the higher level of prices. The rise was peppered with minus signs that bullish served to hold down enthusiasm.
The volume of business came to an estimated 1,200,000 shares. Texas Gulf Sulphur suffered severely after directors declared a 75 cent extra and $1 regular
"I do not wish to make more dividend, bringing 1951 pay- andments to $5.50, the same as last than a passing reference.
The loss should have year.
at times was got think done so had the right hon. Gen-around four points at the out-
he side. leman not intervened, To the
260.91
80.24.
46.30.
Republic Aviation did better Some time next week, the alarming growth of the sterling
They han others in that section after balances of the Colonies. Brut 21 car auto industry's 1951
£400 directors declared a dividend of have gone up by over truck production will top the wallon during the current year 75 cents, bringing the year's total of 1940 to become the e second highest volume year in and have now reached a figure total to $1 as against 50 cents
"of over £ 1,000
last year. million. story, the trade paper Auto-ond wart!
only
to point oui Dow Jones averages: {motive News reported today.
Industrials and this is no criticism whe- It noted that so far this year, ever of my predecessor, who was
Ralls
Utilities 100-101 United States plants have butt caus
caught up in a financial crisis #,181,340 vehicles compared that a system of colonial develop- US. Radiator on the Curb with 6.249,988 in all of 149ment which leaves the Colonies went up swiftly after directors The latter total stood as the o finance the Mother Country to declared a ten per cent stock
be distributed 2 econd best in industry history
dividend to the extent of £1,000 million can- until the 8,003,000 rolled out in ant continue unchecked. I do per cent quarterly beginning 1950.
not think that shy hon. Member February 1.
Curb stocks generally United States production this in any part of the House would week was estimated a; 96,445
pre.ty well mixed over a rather dissent from that proposition." and
This 24.327 trucks.
Mr Gailshell: "Weuld not the wide range.Associated Press. compares with 85,964 cars and
right hon. Gentleman give the 23,991 trucks last week and her figures for sterling balances
U.S. Cotton
Exports
Washington, Nov. 15.
A total of 188,687 bales of rolton linters and pulp has been licensed for export since August of the new crop 1. the start
year. the Office of International Trade of the Department of
Commerce announced today.
A total of 67,080 baie has been licensed since the last re- ጓሓፍ licensing figures port on published on October 22.
Exports have been licensed lo since August 1.
bets
to:
curs
were
94.284 cars and 22,668 trucks as well? It is rather misleading BONDS DRIFT
in the like saciated Press.
1850 week-As-
Rubber Futures
In Singapore
to take one particular group and not others. The right hon. Gen- tleman spoke, for instance, of the ther Country Hnancing i'self Mother Country at the expense of the Colonies.
te quite so sure that other members of the Commonwealth are not involved in this also?"
Mr Lyttelton: "As Secretary of
the State for
I am Colonies
about the indebtedness of the Mother Country to the Colonies." -Londen Express Service.
DOWNWARD
in
New York, Nov. 15. Trading in the foreign dollar Faction of the bond market to-
centred day
the popular Japanese issues, with offerings the de- apparently exceeding
Taiwan Electric mand
58
whole The bond markel as continued its downward drift at
slightly accelerated speed. Bails averaged a new 1951 low for the second day.
Singapore, Nov. 15. Prices of rubber futures closed entitled to make some remarks lost 2 of 64% loday as follows- Number 1 rubber, per th
November
Vecember
January (1982)
today that Japanese technicians 15 countries will arrive here soon to help with shipment authorised with the Industrial development Britain of 68,684 bales, all raw bales, of dispeted Reshmir State.
27,401 linters; Japan
Number 2 rubber.
November Director of divided almost equally T Wazir,
TWEED!' c.
France Number 3 rubber. who Industrie,
has just raw linters and pulp:
November of six 24,180 bales, about one-quarter Number rubber. a tout
November returned from weeks in Japan and two weeks raw linters and the rest pulp;
China, told Italy 19,700 bales, all pulp, and Spot rubber, unbaled Communist
bales, divided Black crepe
No. 1 pale crepe reporters he secured 100,000 Germany 15,327 pounds of Japanese raw silk and fairest equally. -United Press, tom Peking, 6,000
in
ounces of silk worth; to aid Kashmir's silk inately.
Mr Wazir said Japan also has agreed to train Kashmir techni. ciar!--Associated Press.
The Same Old
Pattern
J
Canberra, Nov, 15,
Labour Hopresentative Lesle
APPEAL FOR
LABOUR
An appeal for
146-15 1112-9
1582-1304 13324-18414
1254-1251⁄4 1452-146 1001-0 160-165 United Press.
Weekly Bank
Statement
London, Nov. 15.
American
Bank Loan
For Japan
Washington, Nov. 15.
0
US. Industriels also were
U.S. down, and
government's
eased slightly--Associated Press.
CABLE SERVICE SHUT-DOWN
Washington, Nov. 14. The Federal Communications Commission today gave per- manent authority to the Com-
Mr Herbert Gaston, President mercial Pacific Cable Company
of the Export-Import Bank, to shut down its submarine
San Diego, Nov. 15.
said today the Bank is expected | cablo service from San Francisco Now farm The Bank of England state-to annoutice a loan to assist the to trans-Pacific points such a labour sources—possibly Japan ment for the work ending Japaricae cotton industry within Honolulu, Midway Island, Guam, or Korea has been made by November 14 reads as fellows the next week or two.
Manila, Shanghai and Japan's the California Farm Bureau Notes in circulation 2,380,000,000 Ho sak the loan application Bonin Islands, Federation.
Public deposite .... at Private deposits.... resolutions adopted
securities yesterday's concluding Bessions Government
its 33rd Convention, the other securities of
said
of Receipts Burtuu
thousands
In
Haylen today submited to the avaliable. farm workers were Bank ratio
House on urgent motion claiming unemployed in the wo cotin- that the Government's trade plans iries, and asked for an invești- with Japan represent a threat to gation.
Australian Industry and Austra Renewal of the U.S.-Mexica
greement on on sinndards of Reing.
45.102.000 Pretty had applled for a credit}
United Pre15..
for the
Pepper Market
21,081,000
Radio communication has re- 383,500,000 18 now being processed in the
Bank and prospects for it "look placed the service-Utilted Press, 935.263,00ER
good" $5,000,000
10.6 of
,000 to help
5. coton Japoneso textile industry,
New York, Nov. 16. Although Mr. Gaston could Finance Ministar's
describe the terms of the The black pepper market. Visit To London
quiet and nominally loan till the final decision tias led been reached, he compared it to uncharged. Spot material was Colombo, Nov. 10%
Noventier The Fibanes Muster Mr J. similar loan to support West indicated at $1.87, R. Jayawardeng, will lead the German importe of American delivery $1.04 td December
delivery $1.97 1.68 a pound. Ceylon delegation to the Com golton
In ahipment
positions, Novem- New York, Nov. 15.
Finsher Ministers' The German loan of $50,000,- monwealth - gid that Australiq Copra was quoted at $170 conference in London, which 500 varied interest of 2% per bor delivery was quoted at $130, and January/ The Chinese fecal year starts was likely to be flooded with naked per churt ton. Cocoumit, opens on January 15, an umetal cent and drafts drawn on credit December $1.02
oday-Hell- are repayable in 10 months March 91.49-1.30 all on an ex-
United Press;
dook basis.United Press; › 1.Assosiated cheap Japanese dode as before oll was quoted at 12 cents asked spokesman aiutag
the war-United Prise.
a poundUnited Press,
Talpoi, Nov.
វត
The Executive Yuan (Cabinet)
vontfaet faim
J
today submitted the budget for He ald that Japan, in spite of labour also was urged. →→→ Assh- the present fecal year of 1982 the favourable treatment received clated Press. to the Legistative Yuan (Pazin by the United Nations and the peace trea'y. Was maintaining the ment) for approval.
Dame old Delalu wirs not disclosed, trading pan of Buccaneering
0
ter.
Date
In Port
ไก Port
in Port
1&1 2017
Nov. Nop
Zoth Nov.
1st Dec
2nd Der.
4th Dec.
17th Nov. 17th Nov 19th Nav
19th Nov.
22nd Nov.
2nd
Nov.
Jid Bec
21h
6th Dec. Doo.
Ship
“TEGELBERG“
"TIWANGE"
"TIPONDOK "TASMAN" "^JIBODA8" "STRAAT
MALAKKA"
ARRIVALS
"VAN HEUTS2" *ESITJALENGKA"
TEGELBERG“
"TASMAN" "TJIPONDOK" TEGELBERO" *THWANGIP "TJIBODAS"
"STRAAT
MALAKKA”
"VAN BEUTSZ"
Japan
From
Page $
Macassar, Java Porte di Ningapore
Macasant, Balikpapan & Bibgapore Japan
Djakarta & Singapore
Japan
Заран
dincassar, dava Ports & Aingapore Jugan
SAILINGS
"TJTJÄLENOKA"
"TEGELBERG“
TO
Singapore. Penang Belawan Dell Japan Ports Japan Porta
Singapore, Jaya Parts A Масазнат Java Porta Macassar
Manila, Singapore, F. & S. Aleles Aingapore, Pebang & Belawan Dell Singapore, Java Ports & Macassar Bingapore, Africa & S. Ametten
General Agents: HOLLAND EAST ASIA LINE
AKRIVALS
17
Date
Nov Dec 11th 15th Bes 5th Jan
Ship
"KIELDRECHT"" "RIELBRECHT. "AAGTEKERK" "AAGTEKERK"
21st NOT
12th BOC.
7th JAR.
•
From
"KIELDRECHT" "KIELDRECHT" "AAGTEKERK" "AAGTEKERK"
Europe & Singapore Japan
rape & 9ingapore Japah
SAILINGS
TO
Japan via Manka Manila, Blógapore & Europe Japan via Manila
Manila, Singapore & Enrope
JUIDING TELEPHONES
MAERSK LINE
FAST FORTNIGH TLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, VIR SAN FRANCISCO, LOS ANGELES AND PANAMA. NEXT SAILINGS
M.S. "SALLY MAERSK" M.S. "LEXA MAERSK" M.S. "ANNA MAERSK"
ARRIVALS FROM U.S.A.
M.S. "ANNA MAERSK "LEISE MAERSK" M.S. "GRETE MAERSK❞
M.S.
Nov. 17 Nov.
90
Dec. 16
Nov. 19
Nov. 80
Dec, 20
For Freight and Further Particulars please apply to:-
AGENTS:
JEBSEN & CO.
Pedder Building
Tel: Nos. 36066-M
PATTISON ORIENT- LINE
LIMITED
2. 6. “LAURE PATTISON"
Due From:
Kobe,
lov. 10th
Bails For:
DIRECT Pusan & 2191 Japan, Nov.
Tel: 26846.
12-14 Queen's Road-C.
Chinese Agents:
OVERSEA CHINESE STEAMSHIP CO., LTD. 48 Bonham Strand W. Tela: 25646, 28127 & 81119
P
PATTISON ORIENT LINE
LIMITED
.. "EMPIRE ÜLENCOE"
Due from:
Yokohami.
***Nov. 18th,
Bajis for: Singapore, Penang, Colorabo, Bombay, Aden, United King- dom; also calling Genoo, Marseller and Casablanca it sumelent induce- ment, Nov. 22nd,
For Freight & Pusscnger, Accommodation, please apply to: PATTISON ORIENT LINE LIMITED 12-14 Queen's Road; C, 4th Floor, Tel. 25040
Chinese Agents::ge OVERSEA CHINESE STEAMSHIP CO..
48 Bonham Strand, West Tel. 26646, 20127 & 31110.
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