1
MESSAGERIES M
"FELIX ROUSSEL"
"BIN HAKEIM"
MONK,SA
Arriving
THE CHINA MAIL. FRIDAY, DECEMBER 7, 1951.
MARITIMES One Currency Canadian Economy In
Leaving
LF1
М Dre
J]. I 1"
ሠተ፡
M
Outward For
Mutuelles
mph Fat
Homeward Fa
Arica & Isange
Manija, Salknd a
Matt Dies
Ja
Post
the
20
*
ALLAX ROUSSEL"
+
મ
SUBASTIAN
J
BI HAKEIM
Jak
Jan
£6
N AA
ASTIC A Paupe
Curaje
Desengers & treight
Antwerp
Freight for Saigon, Per Sand, Tunis, Algers. Oran.
angier. Casablanca, Havre. Dunkirk Rotterdam.
Tubing Walt Sulke
CIE DES MESSAGERIES MARITIMES
ÁJUKAN
PO Box 33. Hongkong
Building (r. thour) Tel 2865) ( lesz.
M.V. “FELIX ROUSSEL”
will sail for
MARSEILLES
Fik
MANILA, SAIGON, SINGAPORE,
For Colonies
Singapore Dec. 6.
South-East Five British
Asjan teritories are have obe common currency which will facilitate trade with rach other.
0
Singapore's Financial Secretary. Mr W. C. Tay- tors, motion to implemni an agreement between the the Govruments Malayan Federation. Singa- pore, Brusel. Sarawak and lar the Nurth
Вогрес establishment
Cur of teney Commission has been approved by the Singapore Legislative Council.
A
Mr Taylor assured the
that Councillor
10 dr.
ان valuation
the Malayan dollar Bas contemplated although power is vested in the Currency Commis
slopers to vary the rate al *xchange Reuter
HONGKONG SHARE MARKET
From Our Correspondent
Midst Of A "Little
Depression" The Coal
Ottawa, Dec. 6.
The stringency of Canada's anti-inflation taxation programme, designed to help the nation meet the manpower and material needs of a $5,000 million rearmament programme, hus suddenly re- sulted in a "little depression."
On November 1, there were 155,508 registered unemployed in Canada. This figure is not regard- e as in any
way calamitous by officials of the Department of Labour, who consider that the situation is temporary and seasonal. It is, how ever. 12,000 higher than a year ago and it has come in the midst of a defence effort calculateil to require the efforts of everyone able to work.
Union Sea es generally agre taken by MIJ EIN GWNative
115
television manufacturers are 11- anal papie with the st..ng their scheules shaky
The defence programire W Noseworths
Commnwealth employs 200,00 persons By next 14 Parku- year it will nee 300,000 I the
16 estinal mdale of 1953 that between 650,000 an! 700,06 workers, on
th
The Tag 1tal
Pecatum. Medica art, whetused the Guvern
mdgeting on a depre tout a de
bloan
Sli
... + ,
GAME
Tabik
COLOMBO,
Meng
1. Aden
No
DABOUTI X
PORT
SAID,
Luying
1
Bax dranking
There Www
serenite „oinduction:
151
HEYLES SELERA SACKA
6 ans W the laris
DARS
Ą...
!!
12
Saturday, the 8th of December at 10 p.m.
Passengers are requested to board the vessel with their cabin baggage on Saturday the 8th of December between 6 PM and SPM.
Baggage Room and Hold Baggage will be registered
al Kowloon Godown No. 50 (NG 2 Gate Canton Roat Fabroke) on Friday the 7th of December from 9 A.M. No baggage will be NOON and 2 P.M. PM accepted tur registration after this time.
CIE DES MESSAGERIES MARITIMES
P.O. Box 53, Hongkong
Queen's Building (gr. floor) Tel. 26651 (3 lines).
Cabinet Discuss Labour Controls
London, Dec. 6.
Sir Walter Monckton, Minister of Labour, is secking Cabinet approval to reintroduce labour controls.
This plan to solve the manpower shortage Walter from his has been inherited by Sir Socialist predecessor, Mr. Alfred Robens.
1 URANCES
K Wh..!
,,:;,:
P
l'
ENDESTILAL,
STORES 1:1
3
1
Framane tua seker in the bui-
Latest stop
Taehy has been hard und Canada's econome
La bị PHỦ,
LIV
E u
1
acanit Dogramme has the moves to
production |
יי זה
But today there are beta finnes a soup kitchens in Montreal Reuter
Wall Street
Trading At
A Fast Pace
New York, Der 6. the United State: $. The ock marker fared a dequa e use of Canda's: Feizy with rhoads taking the
blamed
least Trading i the fastes pa, en mure Man um ath as also seen difficulty
131 industries Gamis wer generous in just about every section of the 1 have bee!!
and anged ip
pet rundurdus: g Rading
ADES volume came Ti dollar ortspartament
estimated 1,700,000
સંન
117
ter
6 4.60
250 32 30
Add
1700 - 21
6
300 in 15.901
100'!
13 FA
Higher Car Prices In The Offing
Washington, Den 6 The Goyreniment tonigh Pa'ortobiit in soul ins
apply toy b-gher p
dght n t
Its RHON dist medive Feature 21 irat The
probe will be ONW
agull 437-1
Ship Walk-out micers as agitat worker
Averted
В
San Franek.ro. Ber. The Mariar Cooks and Stewards Union won a 6.% per crni waze boost (rom Parific Maritine the Artciation ye lerday, thus 14 averting lie-up of skips owned by PMA firm. Union members resumed
all hips, 031 signing
suid. spekesman
#greed ship-owners. to pay the increase over January, 1951, base pay to department stewar all
regardless personnel
aitilation. -- units sociated Pres.
unton
The
The plan propose, a return e the labour mspectorate which 10 wardane europelled czaplogers la release redundant workers
IS
11:
Suspected vipiogers are hoking zee workers than they really need, because they fear that if they discharge relundan workers in re- There will be difficulty placing them when fresh orders
APTIVE
[1 The plan
603
through, theerture, there will effert be toning of skilled and semi- skulled workers.
AS.
011
London Shares Again Slump
London, Dec. 6.
Exchange
The London Stock
A
closed weak today with British Government funds off to fuli point.
The slump was brought on by A, renewal of the recent selling This apparently was due wave. to credit restrictions which have forced rome liquidation to meel overdrafts.
Other seellons of the market! also showed a general slight de- cline.
The Financial Times'
dinity
NO DECISION YET
Bestrictions are also proposed.
the types of industry that unemployed workers may enter They will be "channelled" into
national Industries of
with connected portance, defence programme and the ex- port drive.
the
So far the Cabinet has come
to no decision, but Sir Walter 15
to secure Cager
its authority before submitting the plan to his
Advisory National Joint Council, on which sit represenlu- tives of the organised employers, the nationalised industries, and the TU.C.
LONDON TIN MARKET
London, Dec. 6. Prices of tin were
much Index of London stocks was Brmer this morning. Turasver 122.3, off 1.7-Associated Press, was 80 tons, including five long
Jepnete bands
TA" (42. of 100)
" (44. af 1910:
"165 of 19
"T" fox of 1931
21 (095 of 1034)
Connota
21
en, maka porady a w they will set k
The optreal boost well be Des hind
pones a nutomobil were frazen a bilde mare Bum 2 year ago.
The Ofive of Price Stabneut to (OPS) Mas auea how mach the new formula may en- Hau makers a rai e their prices. Each manufacturer must calculate his own ceilings and subunit them for approval.
Even if all ten manufacturers OPS obtain dgher ceilings, couri not say how many actually will put them into effect.
JAKERS
WEAK SPOTS
1:
year aculy SO..ORD wal of orders to: meg & qugqiteni were placed United Dav :||
P.I
and from Canada alax Mackenzie, depaly
Pod amid Canadian dur
representa
F
and
shares, the largest since late Octobe:
The market started fast ughter and continued the paer throughout the session with rail-
leading position Ps in
Chenuats added a major Lion
Divance to the
05 J: steels
nators, aiztraits radio-television issues
an
A bullish feeling perva ti Wall Street from the Hist, and buying spread rapidly from one- section to another. Overnight to Washington are news
especially Parede
helped.
the bar JLAJE and Washington move to raise perite Posten States urders can veilings again.
acide how- De Jones Averag› cmureted
ונים
M
E the United States austris
orders in Ralts
:1 the North it.es
production
de operate modely
How the weak spots
Jav veloped in the employ-
To
mat
pa ture:
*
amall but typical cast. á
tebante manufacturer
had to lay off 250 In-
268.2
83.5%
46 41
Ascement Press,
The Rubber
Crisis In Britain
IMPROVEMENT IN PRODUCTION
London. Dec. 6.
A marked improvement in the British coal situation
ROYAL INTEROCEAN LINES
VAN GEETSZ"
BENT"
PLASMAN'
TAWANGI" TASMAN
*YOU, WATU
SAILINGS
Singapore, Penang & Belawan Del
Der.
FL Bor
Singapore
14th
Bec
Japan
2
Ber
3
נהר,,
America
kega pove
Mscaskar
52 Shgapaze
Dakarta, Belawan Den
Penang
*2
Manda.
Singapory
VÕLGA
A
Anerka
TALK 431
MAIDEN VOYAGE
Th
To Singapore Javu
1th Ban 62 inca port
ARRIVALS
Japan
Macassar Franc a Belawan Del
From
Vineria. M 3100 A Slang rent
Pinang. Betawan
Singapore
TEGILBURG
Ber
RUSS PASMAN" TUWANGI
B
Ter
14421
h
1 tr
Mr、,“༦,3』ཎཱ
Jai A
is indicated by the Novem ber returns issued last night General Age its. by the Ministry of Fuel and
Power
(MI De proietaon St. the upward tren ad the post term ing the las Jace Wel Laisse
1
11
Jo
HOLLAND
EAST ASIA LINE
SAILINGS TO EUROPE
1201 December
1931
1300 dani TA
1967
41 Februar
1952
March
1932
-KIELDALECHT"
-AAGTEKERK
MYL..
POV KRUSEL"
BOOG KERK
SAILINGS FROM EUROPE
Culput
work etredest Des i totallesi welk uve! 19 buillon tons, compared with less that: 179, metal fou in the corresponding per tot
Anothe favourable The tel shown: the recurus is the It- Crease in tuning manjaaren, oving DAZLAN AKU
Markets Since the last budget,
wich rared the price of 20
14%
rignotes to 42 ceals, consump
1.
of Canadian-made cigaret-
London Dec. 6. Prices of rubber futures e nas declined by 19 per cent, closed today as follows:- A vasi
ul unknown number of Number rubber in cents
cigarettes Songgled American
the big cities
ver th.
(1052 Jany/March Aprit/June July/September
1:1
The ola numbe
books on Nov 24 stood at 605 300
compare.! with 586 € November 1950
The number of face
tu: therupted from 284400 286.100.
נוי 1
is reflected
Tus latest pr suction du PO-GROS the great D- provement in the stock pr. 1160. freen dangerously w at the start of winter
Total slacks are now well m excess of 17 million tons com
with 15 mithun LOU D pored Teal opt
Against this h wever.
stand! the 19 million tons estimates by 1 Minister of Fuel last month as "minim
ai- need thus, though this rise in stocks mealis that the danger of rod crises. has receded, it has altogether romaved
been
Irregular Trend In NY Cotton
salts from Reilerdam
Arrivals at Hongkeung
AACTERENK OVEHAJSEL." HOOGKERK" -AAGTEKERK"
+
December
1951
Ext
UN
31111
December December
SMARTY
1951
5th January
1752
1951
Februa
1837
1937
Gab
Mark
192
KING'S BUILDING. CHINESE AGENTS
+11+
119,PHONES: 28015 TO 28017
82. DNASOIUI 2010. C TILS: 3196, 25133
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON. BALTIMORE & PHILADELPHIA via SAN FRANCISCO, LOS ANGELES AND PANAMA.
NEXT SAILINGS
M.S.
"LEXA MAERSK”
M.S.
"ANNA MAERSK"
MS. "LEISE MAERSK"
Wale
New York. Dev. 6
tamen
Jer Roma
w dealings today. Traders were Jaclined la even-up pos- ins 'T: futures pet in the nex: Government cap forecast my Monday
While
korwer Tort generally looked for. private estimates Furrently are some where higher than that surveys Issued more than a vek ago.
Today One
jed erup at 15.527.000 bales, compared with the
placed the
vember
oficiai 771,000 bales.
ARRIVALS FROM U.S.A.
M.S.
"LEISE MAERSK"
M.S.
"GRETE MAERSK"
M.S.
"OLGA MAERSK"
X
Der.
Der.
16
Dec. 21
Dec. X Dec. 20
Jan.
6
For Freight and Further Particulars please apply to:--
AGENTS:
JEBSEN & CO.
Pedder Building
No-
repor. at 13.
Cotton futures devi taped a
lone steadier
in late dealings on a more active trade demand and short covering.
Future cored 55 in 95 cent-
!
a bale higher than the previous 404-44
close.
41-412
49-0 311%-% 3714-
e appearing ng the border. Textile mills have been hard buy- "People jus, are na. It," said one industry execu- He blamed the high price of feed, heavy income taxes and the ten per cent sales tax which closed today as follows:-
tive.
United Fres SINGAPORE MARKET
Singapore, Dec. 5. Prices of rubber Futaves
Aviation
Law For
Close
December
+37
March
13.20
May
-13.00
July October Decembur May March
12.7
39.73
20.3V
38.05 nomasni 31.12 Associated Press
Japan, Aviation
NEW ORLEANS MARKET
New Orleans, Dec. 6.
two
increases The
ceiling approved earlier this year have been
OPS estimated by
from: 814 to average cent.
Number rubber per lb. was incicased
December from eight
January (1952) CD in the recent budgzt, The consumer resistance.
per for
13944-45 137-1371
February Number
2
COTTON TRADE
10
per
robber Decembe; Number 3 rubber.
December
134-1347
+
180-130
126-1269% 139-1391. 108-109 150-155
to $1 hair higher.
December
Maren
May
OPS said the third adjust-
be allowed under ment must the Capehart amendmeal to the economic controls law.
mendment requires OPS
manufacturers permit bre-Korean prices and add subtract all cost changes, cluding overhead, througe July 26.
LO
03 in-
ELFIT
year.
-United Preri,
Bank
Wookly
Statements
In he con trade. production Number rubber
December in the third quarter was down
Spat rubber, baled rent compared Black crepe almost 40 per with the rate in the first half of No. 1 pale crepe
been the
There have
cotton mills, This heavy lay-offs in
o her but
in alsa to especially use textile plants.
has industry The motor borne the heaviest brunt. Most
been trying have plants spread out employment with Cour-day weeks. But General Motors has recently announced a live per cent staff reduction to
back
The Bank of England state- put the industry
week.
The ment for the week ending Dec. 5 normal five-day government regulation require reads as follows: ing an immediate cush payment Notes in elreutation
Publie deposita of half the purchase price of Frivate deposits motor-cars swiftly put the brake Government securities on public buying.
To make matters worse, a ratback in the etect allocation
were
The manufacturers
cent interim granted a 3% per increase last Spring to take cure of some higher production costs In Sep'ember they were per
increase which mitted panther OPS said averaged 5 to 6 per cent.-Associated Press.
0:
Exchange Rates for the industry, amounting
4'ozapur Siral
FIC pasires (per 100)
13.50
Other securities Receipts Bank ratio
London, Bec. 6.
ادرات
Cotton futures closed to cents
4308 43.30 13.09-.* 42.07 39.00
October
Spot cotton closed 50 cents a buin higher Middling
23.00
- Associated Press.
Japan
Tokyo, Dec. 6.
fluttering
after
Tel: Nos. 3606A-9.
FIRMNESS
IN GRAIN
MARKET
Chicago, Dec. 8.
back into Large-scale export Sales pro-
the surrender vided grains with
a bullish
clipped its commercial wings, 14tmutlur en the Board of Trade today took the Orst step towards ! today.
i protection at is infant industry. The market responded with húsances, although they weze
An aviation council composed, not as large as might have been few wheat con-
of technical, aerial and legal expected. A
that
2 acts made new seasonal highs, experts recommended
law prevents did all tye deliveries. proposed aviation
With
Holland and Austria. any foreign-owned airline from
Japan's domestic Great Britain buying. whent operating In
exports appronched 3,000,000- service.
The
proposed aviation law ! also would govern aircraft pro duction and the licensing of
New York Sugar pilots.
Futures
bushets,
limit
Incausing cash wheat repeipts at many terminals and a lower coin-hog ratio helped to the advance.
Wheat closed 42-13% higher. outs The aviation councii also sug- Corn was 4-1% higher, gested that Japanese atrilnes be were 2. 19 12 higher. Rye promoted by exemptions from
to 2% higher. (now style) 2 New York, Dec. 6. Laxes and by use of Government | Soybeans waje o 1% higher. World sugar futures closed subsidies.
Wheat today unchanged to higher,
December March with sales totalling 60 contracts
May £1.333.600,000
Contract No. 8 closed 1 tổ 3 18,101.000 385.207.000 higher, with sales totalling .27 30 20,000 contracts.
39,424,000 Conteret No. 4 (world) 18,20,000 Tanuary (1052)
4.5 Murth
United Pres May July BANK, OF FRANCE
September Paris, Dec...8. October perhaps to 25 per cent, is fore- crst uwlag to reduced ship-The Bank of France statement Shot
Mitre 1932) ments from the United States for the week ending Nov. 29 Contract No. 6 tearrends as follows:
May Motorcar manufacturers
September 2,831,314,982 Octquer
Spot 31.120.275,803
$1,100.000.000
was done in the local ...Bulness
noffelal exchange morning at 1e following raten: US Dollar per $11
market
this
6.74
Stesting poto (per £1)
14.56
1 for cash,
Slant cals (per 100)
Indoneria guilders (per 100)
3,30
20.00
0244 01
Prices elosed at
the end of
that they will not be permitted Total sold holding Fr. 192.440.670.020 July to mcke over: ps many, drsas, 1715 they can sell under the present
crgill restrictions.
Total of other cur-
sight
rencies an
balances
|
follows:-
153
BUILDING, FURDED
Spot in, buyers
Skot to, sellers
and
kpad Advance to curren- {geydi slabillaation
Blile discounted: In
Business done at
bizopilation
740303,222,417 1,770,550422,070
109,119.027,200 Inited Press.
10 the official morning session as
Uniten, Prera,
Seeds And Qils
New York, Deo, G. Prices in the seeds and oils elosed today market tro Unchanged with the following exemptions:
POP!
P30
Three-months 19h, buters 915
Three-months in, sollers 17% nudiniera done at
PIZ3-210 Saltlement
036 ---United Press,
New York, Dec. 0. Copra was quoted today At $107.00, pound numlual. Chenn- Flax Berd, per hushol, FOB. bil Way, gunted at: 119, beuta Mánesp614, 40% mitech Froni, là bound traded inter Pres.
Textile Market
To conserve materlate manpower, qurbs were
up-tential. New York, Dec. 0. The cation textile market Further, loans to home-buliders was quiel (oday. Both buyers were reduced by. Jghtening up nexi the. National House Aer. But hel, mills Inwalted the Government cotton crop forecast not too many war plants were
fot of going up sikl n plasterers on Dec. Jp.
bricklayera, weklers and others The wool goods market cun- found themselves, unemployed. thed Alpw.
Over 17000 people have been Merah goods were
laid off in the electrical man- sociated Press.
facturing industry.
Radio and
Bank „Quotations
New York. Dat. s. Cluding bank quataljonei ank of America, gul pid. 24 esked Attempt
1.03 membul
4,95 Traders
4.95 tennéd
4.93 trailed
4.05 traded
4.25 pomíjal
.4.05
4.30 blu
The law is to go into offert
the after
peace trealy-As- suclated Press.
July
September Roybeans: January March
$2.67-0634
$2.0245/0-2
62.5336-
€0.04-04
53.0444-014
$3.03–417. $2.93% --Associated Press.
New York Bands
Market
May
July September
Up
for selected
Warning On
US
New York, Dec. 0.
Heavy demand
6.53'onipat ruils featured a rising corporate
336ml bond market today. Sales ran Cotton Stocks
6.30
-United, Pres.
THUTC
MIK DOLLAR UP
Now York, Dec. Closing foreign exchange
ratée:
Canadian dollar in New York open market 0718 - US cents. up 0/10 of agent,
Portugal 3,47% up 90% of a out.
Hongkong Dollar 17.00, up 5 of a cent-Associated Premi..
week
than $700,000 par value above yesterday's ex
Washington, Dec., 0. thigh
The Agriculturs. Department An hour and a half after the said today the nation should in- market eloped the inter-state creusé ils reserve cotton stocks Commerce Commission an to about 5,000,000 bules in nounced it had agreed to cou-view
view of present unsetiled world sider freight rale increDFO Jor condiidir. railroads.
its announced 1952 crop.gol pal:1 Japanese onda declined quot; 15,000,000 bales, It emali pales and Australian and would boost the August 1, 1953, Italian sues were silked in carry-over only 13 2.000. the foreign dollar action bales, at gure considerably be-
tio Javel considered de Japan 0 lost 54 at hy on low sale of seven, bando,ountable under present " conill-
Caligionum Associated-Prote,
Prowd.
No comments yet.
Private notes are available after approval.