1951-11-19 — Page 9

Page

THE CHINA MAIL MONDAY, NOVEMBER 19, 1951.

MESSAGERIES MARITIMES INVESTORS NOT HAPPY MM Absence Of Firm Action On Inflation

Arriving Leaving

"FELLY ROUSSEL" bec. 4 Dec. 7

"BIR HAKEIM“

"MONKAY"

**FELIX ROUSSEL"

↑"BASTIA"

ider. 12 Рес 18

4

Dec 3

G

Dec.

ま

Dec

20 ber, 27

passengers & freight

Untwerd For

Marselles

Japan

Homeward For

N. Africa & Eurupo Manila, Balpon &

Marcilles

N. Africa & Europe

t freight for Saigon, Port Said, Tunis, Algiers, Oran, Tangier, Casablanca, Havre, Dunkirk, Antwerp &

Rotterdam.

Subject To Change Without Notre

CIE DES MESSAGERIES MARITIMES P.O. Box 53, Hongkong

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

PENINSULAR

& ORIENTAL

JULS NOV SEPARABIT

STEAM NAVIGATION COMPANY

R.M.S. "CARTHAGE"

SAILS:

NOTICE TO PASSENGERS

BAGGAGE:

SPECIAL NOTE:

EMBARKATION:

THURSDAY the 22nd November at 12.00 noon for the UNITED KING. DOM via Straits, Colombo, Bombay, Agen and Port Said.

ALL passengers baggage must be seut to the Hongkong & Kowloon Wharf Co's Godown at No. 2 GATE. CANTON ROAD ENTRANCE BY NOON on WEDNESDAY the 21st November.

With the exception of hand packages carried by passengers themselves. ALL BAGGAGE must pass through the Wharf Cols Godown For leading

on board by ship's slings only.

Will take place on Thursday the 22nd November between 9.30 a.m. und 11.00 a.m

PATTISON ORIENT LINE

LIMITED

BS. LAURE PATTISON"

Duc Fram:

Kobe

Ju Poet

Sails For:

DIRECT Pusan &

23rd Japan, Nov.

12-14 Queen's Road C.

Chinese Agents:

Tel: 25346

OVERSEA CHINESE STEAMSHIP CO., LTD. 48 Bonham Strand W. Tels: 25646, 26127 & 31119

Trade Pact New Fibres

Extension Expected To

Nov. 18.

The Netherlands $2.300.000- Affect Wool

a-year

trade agreement with Japan will be extended after the Japanese Peace Treaty be- comes effective, trade sources Bay.

The present agreement was signed

April 19 by the Netherlands and Gen. Matthew

on

Oil Company Expansion

Of Production

London, Nov. 17.

Dissatisfaction With Tory Measures To

Fight Crisis

(FROM OUR OWN CORRESPONDENT

London, Nov. 18.

Ten days after the announcement of Mr Butler's programme før precise indication of the Expansion of the produc- eliminating the trade deficit there is still no

possible efficacy of the proposed measures. capacity

tion and refinery

of the Anglo-Iranian Oil

The stock markets-usually the first to produce a reliable assess- outside Company

Even the Persia ment of economic prospects-have remained dull and uneasy. WHS detailed 1:1 £1 state banks, to whom many people are looking for a lead, seem bewildered. ment issued by the com- pany last night

Gilt-edged prices have moved erratically and

The statement Sard their no definite trend has emerged. On balance, how-

biggest source is Kuwait where

they have an equal share wit'. ever, prices have declined and this has been due HONGKONG

the American Gulf O Cor-

the 40,000.000 tons a year mark

tons.

I

mainly to selling of gilt-edged securities without '

are 120

than

poration in a feki approaching

the offset of a comparable amount of buying. This

more than Persin

Institutional investors added used to produce, it was

-a bigger percentage than any ded. The company holds 23 per these circumstances, in no tur:, other area of the world, includ-

ing the

of whole

Western cent of the shares of the Iray to support the market Petroleum Company's exploita 5 મ result, the Financial Europe. 1lor:

Iraq and of the

Gatar Times" index

On the import side, the Com- of gdi-edgea felds

whitt have

a joint securky

1998; monwealth share of world trade prices fell production

of 10,000,000 new “Now Fridas compared was also 30 per cent-only two

with 100.85 on the

cent less day of Mr. per

Europe which was and 102 21 ar The Nottinghamshire ollfields Butler's speech,

tmporting area yield about 45.000 tons a year plection day

Colonial counted for much of this trade. Rubber fetched mine times much as

in 1938--much of it in dollars and other colonial pro- ducts. Including tin, cocoa, sugar, copper and stai, all showed large improvements in earnings over the pre-war year

.

The effects remory expansion are

the statement being 1, TINUAM!

SHARE MARKET

(From Our Correspondent)

Business done Exchange this

In

Date

Port

J Port

20th

20th Nov. NOT.

1st Dec. 2nd Doc. 7th Dec.

19th Nov.

19th Nov.

22nd Nov,

22nd Nov.

Sea Doo

6th Dec,

9th Dec.

DAL

Ship

"TEGELBERG” "TITWANG""" *TIMODÁS" "STRAAT

ABRIVALS

MALAKRA" "VAN HEUTAZ" **TJITJALENGKA" "TEGELBERG"

"TEGELBERG” "TITWANGTMTMTM **TIBODAS"! "STRAAT

MALAKKA"

JAPAN

From

Page

MAPILI, Java Parts & Stagapare

Dakarta & Singapore

JADE JADEN

MACASA, Java Porte storpora Japan.

BAILINGS

"VAN HEUTS2'

TJITJALENGKA" : "TEGELBERG”

Japan. Porta

TO

Stakapota, Javs Porta & MACERIAS Java Porte & Matapar

Masla, Singapore, E. & 9. Africa

& 8. Americ

Singapore, Padang & Balawan Dall' Singapore, Java Parts & MacASIAT Singapore, Afrim ́à 8. America

General Agents: HOLLAND EAST ASIA LINE

Date

In Port Iith bae. 13th Deo. 6th 7th.

was

22ud Nov. 12th Dec. 19th Dec. 7th Jan,

Western

on the Stock morning the biggest

valued at $403,375,50. Noon quotations and the morning's transactions:--

commodaties

ՈՐ

SHARES DUYERS SELLERS SALES BANKS

Southsh shale onl adis Industrial share prices haY 110,000 tons

aturally been influenced by this accelerated weakness

the gilt-edged already ! market The index for these

con-crbned further to 128.3 04 The completed plan Friday compared with 1314 se world anditribute 10,000,000 tons tags previoitsiy

INSURANCES This is a fall of no less than. the 10

10 points since election day

Community shares have faret

year

the total petroleum

reinerd

a you productions United Kingdom.

Plant maiteation at Llandar- 1101 bet er, and the opinion ha South Wales, has already;isen expressed that the rise i been boosted throughout from this section over the past year on in 4,000,000 to the expectation of higher pro- 3,000,000 em

will Ture

bey fits has passed its peak. X:Cal

of next

the rud equaled by year by the Isle of Grain r finery in Kent, new

Will:

ated empacity

Sex tish Pumphe:ston

MARKET WORRIED

budit. ot

The behaviou of the sock, markets indicates that investors

and

EUROPEAN TRADE

Colonial trade with the rest of the Commonwealth (including Canada) was almost balanced— exports being valued 5+1 £ 507 million und imports at € 499 million

Colonial countries were worth £1,178 | million compared with unports valued at £1,037 million.

exports

10

Exleat of the deterioration in i

Sterling Commonwealth's

Б

HK Bank

East Asia

1600

2D 1800

ID @ 1000

20

Union ... 7772 UnderwriterA HK he

DOCKS, ETC K Wharf N. P Wharf Provident

Wheelock

LAND. ETC

HK Hotel HK Land Humphrey'

UTILITIES

Tram

Star Perry

140

300 100

000

13.40 13% 500 15.60

6000 2 1935

900

38

e 1000 a $.80

6.80

51 60 415 51

R

16.70

17 2006.30 192

( Light (0) 9 9.5 200 @ 9.15 40 @ 9.TO 3200 @ 6

1th (B) 8.45 9.00 2000 8.45

1000 & 9.50

of £85 of nearly

300 9.45

2000 à 9.50

Electric

222%

29 300 200%

1000 ₫ 22.85

1 B0U (0) TLIN Grangemouta, are by no means happy about the Scotland. Dctually producing future ir

with Mr Butler's pro- 12.250.000 1427 anttually The

posals for meeting it ball-way other

refinery at The

the absence of firm dislo- handles 180.000 Flatenary action is worrying the trade with Western Europe over Light (N) C 1 as of shaly tol and Notting-gilt-edged market while shortages: the past few weeks, which hamshire Prude oil. Its shipping

steel.

in a deficit ment, resulted organisation, the British Tanker only two possible bottlenecks a million and the loss Company, has 15 ships in ser production--are responsible for £13 million of gold in October. vice and another 27 are being the uneasmess in the Industria. can be gathered from the fact bull or on order. Reuter.

of the market.

that in 1950 he Sterling Com- Section

There seems

to be a generatorwealth countries earned inclination to postpone decisions. turplus er over £240 mlion in Nobody-least of all the City-their irade with O E. E. C.

L

is under the impression that the countries. Chancellor has spoken his last The colonies' share of this

UK Yards

: word.

Building For Norway

trade was valued at £130 million

પ

Mr Churchill has stressed the on the export side and 260 need

for more time "for the re-million on the import side-a medies we propose, and will surplus of $76 million,

1200 @ 23

Electre (8) 2013 2 102 @ 2% Telephone terbaca da INDUSTRIALS

Cement

18% 13.80 1800 @ 16.30 800 18.40 STORES, ETC

Dairy

18% 16% 200 ₫ 161⁄2 Wing On

(ILK). 56%

20 @ 682%

propose, to produce their curativ The importance of the colonial Rubber Futures

ellects.

trade can scarcely be underrated. Nobody is disposed to quarrelt was responsible for earning with this statement but neither is anybody prepared to gamble on the result.

THE ANSWER

First indication of a definite policy for correcting the adverse

Areu-may

$471 million

from

five com- modities alone last year or total the nearly one-third of

Sterling Commonwealth dollar earnings from main visible ex- ports.

In S'pore

Singapore, Nov. 17. Prices of rubber futures closed today as follows- Number 1 Bubber, per ib.

November

December

Number 2 rubber,

January (3952)

November

London, Nov. 18

of One-sixth

the shipping tennage 011 order at British shipyards is for Norwegian e- unit, shipping experts in Lon-

This was admittedly due in don estimate.

British shipbuilders have balance of payments-no!

measure to the abnormally only high level of prices for colonial orders

(in hand for 6,000,000 that of the U. K. but also that of

raw materials towards the end At the present the whole Sterling tons of vessels rate of building, this is equal Lnot come until after the meeting proof that

ay of last year bin it is positive the Commonwealth about five years work.

of Commonwealth Finance still has About 4,000,000 tons of these Ministers next January

a vast pool of latent

Spot rubber, unhaled power on which to draw. orders are for British ship meeting is expected to result in It is the knowledge that the No. 1 pale crepe

Black chope owners, almost 1.000.000 tons for an agreement to restrict imports co-operation Norway, and the remainder for into all Sterling Area countries, wealth partners will be willingly

of our Common- | A wide variety of foreign especially from Western Europe. forthcoming to buttress the

Australia must be one of the "oherent strength of our

buyers.

At this rate,

This

own

Number 3 rubber.

November

uber rubber,

November

ARRIVALS

Ship

Frumk

"KIELDRECHT" Bujoge & Gingapore "KIELDRÉCET"

"AAGTERSBE? "AAGTEKERE"

"FIELDRECHT" "KIELDRECHT- “AAGTEKERK” “AAGTEKERK”

FRIODA & SIRIADOTU

BAILINGS

TO

Janan via Manila MARGIN, SIR Capore, & mizopo Japan vin BLARES

MEINMA,“ Singapore a BureDD

MAERSK LINE

FAST FORTNIGHTŁY SERVICE TO:

NEW YORK. BOSTON, BALTIMORE & PHILADELPHIA, via

SAN FRANCISCO, LOS ANGELES AND PÄNAMA.

NEXT SAILINGS

M.S. "SALLY MAERSK"

M.S.

"LEXA MAERSK” M.S. "ANNA MAERSK"

M.S.

ARRIVALS FROM U.S.A.

"ANNA MAERSK” M.S. "LEISE MAERSK"

M.S. "GRETE MAERSK”

In Port Nov. 80

Dec. 18

In Port

Nov. 80

Dec. 20

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

14311⁄2-444

Pedder Building

14215-143

158-13815

13316-184

12832-129 1437%-100%

1054-100%

150-15

Undted Press.

British yards first to reduce her imports from economy" that is the one bright Japan's Textile

spot

are handling bigger Norwegian Europe, and the decision to this

yards in Norway effect may even come before the horizon. orters than itself which, according to latest elvires from Oslo, are building

750,000 tons

ships.

British

shipbuilders

Commonwealth Ministers meet,

Increased Commonwealth im-

જ્ઞ The w ports from Europe, which have

on an otherwise

gloomy

now resulted in a large Sterling Courtaulds' New claim Area deficit with the European

that or prices are still as low antial

as

ny

1/2

the world.

many orders

bul

Union involving

Company

New York. Nov. 18.

Ltd., the

Courtaulde,

formed

Comeback

New York, Nov. 18.

K. Fukumi, an official of Toyo Spinning Co., Ltd., of Japan, sald here that Japanese textiles are staging a comeback. He predicted that Japan will hage big 6,000,000 cotton spindles some-

toss of gold. ure because of the five-year leg in largely the result of the United deliveries

ere Kingdom's fallure through being diverted to German and rearmanient and home inflation British rayan and textile firm, time next year. Japanese yards.

to expori the goods the Common-has But British shipburiding costs

company i wealth needs.

Mr Fukuuni has been visiting are rising as a result of the

Canada to make transparent textile mills in various parts of Answer to the problem must,

cellulose film shortage of steel and the keli-:

other And

the United States-Associated hood of further wage demands therefore, be sought not only in packaging materials. The new Press.

a restriction of imports which company workers, shipyard

constrating a yards which signed contracts at and invites retaliation from the which will begin operating in at merely increases home inflation plant nt Cornwall, Ontario xed prices some years ago

now stand to lose heavily but also in the expansion of the be hard on cotton and rayon, an

exporting countries concerned 1959.

The plan will have a capacity United Kingdom's exports, com- for about

7,000,000 pounds of bined with a determined attack packaging materials arupally. on Inflation.

Associated Press.

New York, Nov, 18. The initial impact of the newer synthetic abres will not

industry official said. But it may be more severe on wool.

G. K.

lake, Director of B. Ridgway's occupation head Research for Pepperell Manu- quarters It is due to expire facturing Co., to an industry when the Peace Treaty is rati- meeting

be several it might fied. It will be continued until years before orion, ducron, dynel a new one can be concluded.

acrlekn present a serious Latters continuing the present challenge to cotton and rayon agreement will be exchanged "However, the woollen between

Ambassador P. E

Industry must watch tham Toppenia, head of the Nether-selves. Mr Lake rald "Their lande Mission

to Japan, and volume is not of the order of Vice-Foreign Minister Iputhi

cofton or rayon so that they may fall they cannot absorb this impact."

Sadeo

General Ridgway's beadquar ters plans to transfer the Dutch- Japanese open account funds Total production of all man- now under ita contral to the made fibres in the United States Japanse Government. Asso-last year was placed at nearly

ciated Press.

Steel Capacity

kn

1,500,000,000 pounds by industry ofcini. Sales totalled about $1,122,000,000. Further increases were expected this year, with the newer synthetics accounting for aboist: 300;000,000

undo-soclated Flute,

Don

by

the time the ships delivered. United Press.

and

are

Food Index In among the

America

New York, Nov, 18. U.S. wholesale food prices,

Remedies of this nature may be next batch of measures the Chancellor will } . propose.

is

ITALY DOUBLES CAR EXPORTS

-Home, Nov. 18, Italy's automobile exports -in the first nine months of 1951 almost doubled last year's figures. There were 28,908 Italian curc

EMPIRE'S STRENGTH

Meanwhile the report on Com- as measured by the Dun and monwealth trade in 1950 Bradstreet index, turned up-published yesterday ward this week for the first time Commonwealth Economic Com- and trucks sent abroad, compared mitice underlines the extent of with 14,007, in the same period in six weeks.

by the

At $0.07 the index compared the recent deterioration and the previous year. The exports with $0.04 last week (low for gives point to the concluding equalled 20.8 per cent of the total 1051 to date), and with $0.58 a remarks of The Chancellor's production of nutsmobiles, which year ago.-Associated Press.

EXPORT QUOTAS

UNLIKELY

Exchange

Rates

...

Bustpost was done In the local Unofficial exchange market thin *anorming at the Zillowing rater:

US Dollars (per 81)

0.036

Sterling note (per £1)

10.02

Indonesia guilders (per 100)

3.30

Siam tivals (per 100)

28.00

Singapore (Struits)

1.81

03.070

PIC plastres (per 100)

Tel: Nos, 88066-9.

PATTISON ORIENT LINE

* "EMPIRE GLENCOE"

LIMITED

Due from:

Yokohama Nov. 1

Sails for

Singapore, Penang, Colombo, Bombay--- Aden, United King- dom; ako calling Genoa, Marseilles and Casablafica it sufficient induce- ment, Nov. 22nd

For Freight & Passenger Accommodation, please apply to: PATTISON ORIENT LINE LIMITED 12-14 Queen's Road, C., 4th Floor, Tel. 25846

Chinese Agents:

OVERSEA CHINESE STEAMSHIP CO., 48 Bonham Strand, West

Tel. 26646, 28127 & 81119.

Pacific Far East Line, Inc.

Fast Regular Trans-Pacific Service®

DIRECT

BAN FRANCISCO, LOH ANGELEB

BEAN OVERLAND - NEW-YORK-CHICAUI-DETROIT TORONTO MONTREAL AND ALL AMERICANA, GANADIAN OFTARA

Guam, Marthin Islands, Micron osjan. Kalatida --- Kedular Service Kirsch, or with ja highlýmenik,

Vényl

speech

renched the all-time high Agure "The figures of

our of 115,236 vehicles.--Asociated deficits in our conomy are large, Mr Butler Press. said, "but look at our resources. the wide range and Look at

RETAIL TRADE strength of our Commonwealth Washington, Nov. 18. of Nations. Think of the laten STIMULATED The US Governmbut is not power of this great con

New York, Nov. 18. expected to re-impose expert féderacy.look at the inherent

US, refell trade. stimulated Business Failures

quotas on cotion unless there le strength of our own economy by good weather and many r a wave of scare buying, an off- The wide range and swength duced price promotions, reached LUCKENBACIE? seppeles New York, Nov. 10.

cial

said.

of Commonwealth resources is the highest dollar volume of However, other experts con apparent on every page of the the read last week; ood tors

Incressed" to 150 in the week | sidered export, Wimilla ilkely, since G. E. C. report,

Bradstreni reported, 2) This is an

an increase of ung-chied November & from 143 the crop tras mir" Commonwealth (nelada Volume for the week throu temƒl b potut over last week previous week, Dun, and. Bred-

Fulledaly more thah Canadian) expor a accounted for Wednesday was cutimated, to be

New York, Nov. 10. The American Iron and Steel Tnstitute reported that the nà- tion's steel industry, expected to operate this week at 1011 per cent of rated capacity or 2,021,- Business failures in the U.S.

mübe

BITRADE WIND".

"ALABKA BEAR"

tom of 107.1 per cent, Ino, reported in the 0,000,000 best of 300, pounde tu par cent of the food value of from two to a webove cent in the comparable Week auke week a year ago, there with contriola for 9,000.00h 21-world exporta (excluding Russia the record léval of a year ago.

akr ago ---Associated Press. woce £16>=<Associated Press. ready made-Associated Press. and olier Communist countries) Asociated Prem

Wom

San Pramolecu

San FrancinOU'

Birala

Tesneled & Los Angeles.

Dec, 24

For full particulars en United Blafes Lines Co., General Arımla. Queen's malding, Tol, Sixhe.