1951-12-14 — Page 9

1

Royal Interocean Lines

HASSAN

·ISIVANJ

SAILINGS

Br

To

Singapore, Java & Massar Hingapore. Þjákeru, Betaway. Het

& Penang

Japan

142 Der

TAMAN

Za 52

BEKIPU, žs

322

JAN 09

PANG

Jam

A

Sura

ATTACK

A

Jakarta Tjirebon Semataas

nila A Macassar Manta nga A

America

MYIBEN VOTACI

* Mingapore, Jaka A Maca Top Ports

avgapore, Prang & Belawan Deli Singapore davi & Macassar

I

J

-

· 19

152

12

Feb 32

Maxilo slagaporn. Africa

Frb ""

རཱུ་,,,

Atl

33

ith

12:

î

Ngapur, Java & Maedhar singapore. Late & Kla€$£ Manila, Singapore.

America

Africa

&

From

L

MAGINARANT

ARRIVALS

اوزار

140

GWANGJ

A

LURAÐAK

7 la

EDUTANTENGEN

་་་་་ ་་

2015

Jan

AAN POTRZ

51 Ea

..

W

JALAANGE

Pla

++'?

TEATAR Belawan Bell & Singapoer Maranat, Java & Stapp

Cent & Stucapote Macassar, Aava Peris &

singapore

Singapore Smga pote

נדון .ן.

20 Beli Pakaria &

Mac

42 &

General Agents.

HOLLAND EAST ASIA LINE

SAILINGS TO EUROPE

"KIETTER) ([{T

"AATBERK

5th Decem

1001

January

1932

Centuary

1952

5th

March

1934

Apra

1957

*

-GA ERLINES

*HOGKERK

Klin

Max

SAILINGS FROM EUROPE

Rails

IKI

Flotterdain

"AAGTEKENK"

VERIJSEL"

Derein bet Beermber ไฟ

41CHIGKERK"

301T 3th

January March

Arrives Hongkong

1951

19th December 1951

sth January

1982

1951

4th February

1952

1952

tch

March

1952

1952

30th April

1952

ARENEKERK" KFDAECHT

KING'S BUILDING. TELEPHONES: 28015 TO 28017 CHINUSE AGENIS: 82, CONNAUGHT ROAD, C.

America

HI, 5133

Planning

To Increase Wool Production

Washington, Dec. 13.

The Agriculture Department is to promote an expansion of the United States sheep popula- tion in 1952 to reverse the long decline in numbers and thereby increase domestic wool production.

THE CHINA MAIL, FRIDAY, DECEMBER 14, 1951,

Economic Talke

In Tokyo

The be } Indonesian delega. fen headed by Erenomtes Raden Minister

Djuada

will leave far Tokyo to- nl 100%

Ea

urgol ale

with Japa The delegation expects to remain in Japan för al least three weeks. Main points of disen Gion include war

will reparations. fisheries akt and sea com

musications.

There i

B

possibility

that

Indonesian-Japanese trade will be deal with. An

delegation Iron mic turned here from Tokyo last month without reach- ing an agreement.—Asso- ciated Press,

Failure Of

American

Tin Mission

ac-

Singapore, Dec. 13. The

mis- American Utin sion which toured Malays has tried unsuccessfully to buy tin from Indonesia during a "hush" visit,

to well-informed cording sources here today.

that the The

sard

from mission, which telurned Lindenes this week and left

for almox-1 mmediately

the United Stute, had dented that Indo- at had tendet e vit

sources

Japan Planning “Link System" To Forestall

Shortage Of Dollars

Tokyo, Dec. 13.

The Japanese Government is contemplating the application of a "link system" to trade in cot- ton, iron and steel products with the dollar area in an effort to forestall the increasing dollar shortage, Trade and Industry Minister Ryutaro Takahashi revealed today.

Under the link system" now in force for cot- ton cloth for special procurement orders, traders are allocated some dollar funds for the import of raw materials.

In a Press conference abʊar' train on his way to Nagoya Miste

Takahash: said that 2 Countreert 2 ure in cope with

Pas Japon's excessive Foldings the International Trade +30 Industry Ministry 1: of promoting imports

Area Sterling tom he

and seducing experts to a adhimano-

re

The

Murter estmated that the Japan's Poured holdings 21

ad ut av June would amount

1070 099,000 to 80.000 000, trade with the Sterling Area

dull as nuAN slotet remain a

Tu make further increase Poun.! holdings, Mr Takalash, eul, amports of saw cotton and phosphate

K

111

should ho

su kartes

the automatie Rpproval -vstein, for such action would tourage imports fram the Sterling Aren

il

"The Indonesans gave evasive

Takahash nothing Bewers and there is definite

For Similar

of the

talks"

Not

purposes. suggested, the rent ten-day restriction

Di pening

letters of

•hould br strapped and

M: !

Cur

on the

credit!

de-

IN

be six

- per od be permulted in

Heart

The United States, Ins bought Mulayan tin sine the begiming of April this Year Import licencer should

Lecause of a prier dispute

li, plan

ba. already

Int

than

alicl

Dad

longer

than at present and more fakends as

and easier kans given for 1- of lons 11,000

ports from the Sterling Area, Alan in this year while the

has Salabe

been taken by L'anada, Italy and other coun

Reuter

LONDON MARKET

London, Dec 13. Prices of tin were steady this moining Turnover was 80 tona.

An official publication said, "An increase in sheep numbers is highly desired in order to in- tuding five tons for cash.

meat. crease the output of domestic wool and Wool is one of the strategic items required for defence purposes."

the Uuted The Govrum a wit supput pured wood used in the price to the US, won ein States has been myærted."

1952 90

per cent the parts price for shorn wood. The Brand ty ngue depen line on the cat

to the at wrach Boom Y

15

A

1

Cas!

Paste States shres haber

in 1954 were only

seguentia.

about som Man wiử tai Cetre aprovate increase her Aguid not have at ex- traordia effert on the inter- natul wood trade

Department The Aguraitint estraated world shees ander 1961 et 781 718, 000 as follows Noril: AFIEL 3.000.RI, Euge 118 100.000 Soviet Union 86,900.- Ubu. South Ameru 12430MM, Africa 93.700,00

152.800.000

and Orvar

The Department's palier tu

expand sheep

numbers in the

Unite States As supported by

an analysis of the United States

From 1942 to 1950, the number breeding ewes in the United States was reduced from an all- time high 37.400 900 to an ex- treme 31-year low of 20,800.800

b and the

Pearly dropped from a high of 32.000.000 hed to a tow of 18,580,000.

io 1949, United States sheep men started holding back from the market more ewe lambs with the result that at the beginning of 1951 there were 300 000 nove breeding

eyes than earler United Press.

દ

תיו

Airline Back

To Normal

Prices closed at the end of the officia!

session morning follows:-

as

!

Spot in, bagers pot n selers Business done an Three-months in

9:24

9321

1530

buyers Three-months ta.

sellers

9171

$20

BU: Hess done ad Setteinert

930

Grain

Cnited Pre-

Prices

In Chicago

Chicago, Der. 13 Prices of grain futures closed today us follows:- Wheat-price per bustel

Spot

2.0%

December

March 11952

May

July

2.03% a 2.04-72 2.61-2.60% 9515

Torn

Spel

1.95!

Bevember

1.925-2

March 1052)

1.96-1.95

Ma July Rye

1.90% 1.955-19

Dreenber

2.17 bid

em- striking airline

Merch (1932: fats

2.18-

December

077

1,00

Riu de Jung Dee, 13.

Getulio Vorgas President

Inday

International Wool trade during signed a decree carly the fisent year ended June 30, mik.ag

1841.

were retum-

This publication showed a ployees "Air Force soldiers." sharp decline in wood exports, a Several hours later operations of heavy increase in both volume airlines running in and out of the and valuation of imported ap- Brazilian capital

and a decline in ing to normal. parel vool

Istit

n incrense volume valuation for carpet wool.

IMPORTS UP

Exports of wool from

1ht

United States declined in volume

from about 11,000,000 pounds in

been

Operations here had paralysed by a wike that be- gan five days BRO. The ein- ployees

increased

wages.

demanded

in no agreeons had resulted

in

(Pan American Airways said New York this morning that in the fiscal their main flight to Brazil went

off

on

Mr

the fiscal year of 1949-1950 to less than 1,000,000

schedule. Previously year el 1950-53.

some flights had been bypassing U.S. imports of apparel wool increased in quantity from 368. Rio de Janeiro because of the

strike.) 000,000

pounds to 478,009,000 and,

The decree,

signed by because of higher prices, the valuation increased from $220,- Vargas, requisitioned all planes of commercial airlines in Brazil 000,000 to $427,000,000.

United States imports of carpet and drafted into the Air Force declined quantitatively ali ground and flight personnel. All employees were placed at from 209.000.000

the disposition of the valuation Ministry-Associated Press. from $99,770,000 to $170,800,000. or 71 per cent,

The Department commented, "With the higher price situation, carpet makers have been reduc- ing or eliminating wool from their products. There were some de-

Wool

but

to 231,000,000

the

Alr

Bank Quotations

New York, Dec. 13. Closing bank stocks:

27% bid

20

87

bid

clines in raw wool prices foward Bank of America

reducta Chase National

the end of the fiscal year and some carpet makers prlees."

MORE SUBSTITUTES

In reference to apparel Whol

during the last fiscal year, the Department commented, "During

National City,

March (1952)

New York four-er 200 . Suck $13.10.-United Press

FIRMNESS IN U.S. BONDS

in two

New York, Dec. 18. bonds Armed Corporate light activity today after and industrials were in mild de- mand.

OPEN ACCOUNT AREA

bations

Mr Takadashi Jevealed that Japan nua is vunducting nego

with various countries on how to apply the "adminis- trative transte:" ystem of the Anglo-Japanese payment agree- ment so that Japan may be able from non-Sterling to import areas with Pounds

Quiet Trading

On NY Stock

Exchange

New York, Dec. 13. There was a quiet air about stock maket trading today with chemicals and airlines offering an upside leadership that wasn't followed by the market as whole.

belisk

as

Turning to the spen account alea, Mr Takahashi od Orat Japan should result the expos uf some lens to three and import from the rioting

rough open account nations. The

that

Japan

reason *xprie open account area hom there

was

mo

on

The Tradies

גנז

avea

Indy Minister stressed fol Jupit

economic bulste should operation with the free world!

For such purposes, he said positive steps would be taken for increasing the productions f key materials and curbing not-

of censumption inte urgent

materials

ationally-rare

3,1)

a Jupan may increase her ex- parts to these nations. Franer- Presse,

HONGKONG SHARE MARKET

(From Our Correspondent)

The volume of business done on the Stork Exchange this morning was valued at $464,930. Noon rates and the morning transactions SHARES BUYERS SELLEKS SALES BANKS

HK Bank Fayl Ana

INSURANCES

Un-Juu Underwriters HK Fire DUCKS T Wharf

6, K Duck

170 Provident 13 15 13 40 1000

un

Formosa

Economic Policy

FIGHT AGAINST INFLATION

Taipei, Dec. 13.

The "Bank of Taiwan." in effort to stabilise the economic situation on For- mosa, has formulated a new economie policy for 1952.

The policy aimed at pre- venting the vaftation of the Focal currency owing to demand for foreign currencies.

J: las been estimate

by authorities that some of foreign

preliminarily

the Bank

the

total Currencies for:

1952 is expected to amount to about

US$130 million, an

of crease

US$40 approximately million over this year's Agure.

They

Mugar: expected exports would bring in USSB. 086,000, rice US$26 million and other items of Formosan pre- mets US$24 milhost

GOVERNOR'S

The Governan

Dr K C

that

CLAIM

rf Forma. Wii, declared tha! improvement had been arrieved towards denervey and

and much greater prus perity

the power had been given

atives of the island since the Nationalist Goverment myered Formosa six years ag In a report made to the 5 Imbers of the new Provi-

al Provisional

Congress" on

¦ provincia; administration during the pust six years, the Governme used Agures to shew Formara's progress in comparison that of the Japanese tion period.

th

Sugar production had dropped i abnormally. However, he added,!

G

130

770 700

4.30 3 14

140

વ

59

200 17

140

effect compensating found in the Increase in production.

was

rie

13 10

4500

1310

coming to Formosa 25 "Formosa is

the most

5 50

97

50 200

361 |

200 g 58

40 2000 7300

Wheelock XD 39%,

LAND, ETC

HK Hotel

HK Land

S'hal Land Humphreys

UTILITIES

Tren Star Ferry

XD

1.30 13.30

10 40

2013',

a 65 87% 1230 qr 8355 1

(1ght (N

XI

22!

Electric

Electric (8) Telephom ..14

MeSTRIALS

Cat Rope STORES, ETC.

Potty

Watson

2030

23 1500 22 B

100 22.55

1222.0

21 21 2000 21.0

15 300 14.40

2000 @ 14

400 19.50

13.8 18 10 2000 @ 16

21

18.30

ZA

Dr Wu also quoted foreigners

saying:

secure

spot in the Far East."--Reuter

Irregularity

In

Cotton

Futures

#

13.

New York, Dec Cotton futures turned irregu- Jay today in quet dealings. Old 10 100 18 20 crop deliveries displayed initial

1500 o 18.90 | firmness on

carry-over of 800 tr 13.9

yesterday's buying. The market Inter

lipped

scattered hquidation and hedging. Iraders were on the sidelines. in texilles with the situation and spot cotton quiet.

Crawford 38 500 31

Rubber business

Gains ran to around several points at the best while losses were held at a point or less.

Trading came to an estimat 1.400.000 shares compared with 1,280,000 shares yesterday. The slight increase no significance.

toppers and radio-tele- following vision shares had a

time but from time to

they didn't get very for. Motors and sicels were largely neglected.

Anaconda Copper was higher: and in

demand after the Gov. ernment decided to let the com- cany get

the aluminium into business in $40,000,000 pro- duction project.

A number of large blocks changed hands during the day including 10,000 shares of Texas Company, off e al 55%.

Dow Jones averages:

Industrials Rails

In

Singapore

Prices

Singapore, Dec. 13. of rubber turi: es Closed today as follows:--- Number 1 rubber, per ib.

December January (1952)

February

...........

Number 2 robber.

December

Number

December Number

+

December

3 rubber.

rubber.

סים

Most

The contraction of spot cction sades at the 10 primary markets Un Wednestay was attributed natural et-tlown partly to following recent werks of active demand,

+

cutlun

Increased liquidation 13932-140

hedging depressed 138-138 1384- futures Into low ground for the day in late dealings. Futures 130-131

#bale closed 65 cents to $3 12534-12014 lower than the previous close.

December

107-108

Spat rubber, unibaled 13914-2 Black crepe ..... Nr. 1 pale crepe

362-167 -United Press. LONDON MARKET

London, Dec. 13. Prices of rubber futures closed

March

July

October

December March

Middling spot

285.81

82.70

Utilities

48.65

--Associated Press.

today as follows:--

May

Number 1 rubber

in cents per 16.

4112-42

1

412-22

January/March

41-419%

301-

3732-3312

-United Pres

days of softness. Selected rails To Buy Copper

Longer-maturity Government bonds again were narrowly on the upside in moderate activity In the over-the-counter market and gained generally from 2/32 A 4/82 1 to 4/32 of a point.

taken by Le a point loss was long-term bank eligible 228 of September 1922-77.

Over Ceiling

Washington, Dec. 13. The Government announced today that it is ready to pay more than the celling prices for copper to keep production of the scarce metal at maximum levels.

active

January (952)

April/Jime July/September

42-20

42.27

41.02

41.45

38.4-1

37.90

37.79

37.70

42.70 min: 1. -Associated Press.

NEW ORLEANS MARKET

New Orleans, Dec. 18, Colton futures closed 45 cent lu $1.25 a bale lower,

Bank Of France December

Statement May

March

July

Parls, Dec. 18,

October

balanca

stabilisation

2,847,138,407

Middling

MESSAGERIES

M

“BIK NAKEIM“

"LA MARSCHJAISE

MARITIMES

INGY :|

Jan

Liec

Is

ין

M

Outward For

Campaha Part

Manila, Volchaina &

Kobe

Homeward. Der

Africa Europe

-"BASTIA"

Fan

A

Jau

-LA MARSEILLAISE'

tan

1

J20

13

Maryentes vi Mania

*DIR BAKEIM

JAN ;I

Jan

Africa & Europe

"MORTAIN"

Tab

74

N

Africa & Europe

passengers & freight

יל

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

subire To Chang Wilhem Sadler

CIE DES MESSAGERIES MARITIMES

P.A. Box 58. Hongkong

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

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

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

NEXT SAILINGS

MS. "ANNA MAERSK" M.S. "LEISE MAERSK” M.S.

"CRETE MAERSK"

ARRIVALS FROM U.S.A.

M.S.

"GRETE MAERSK”

M.S. "OLGA MAERSK"

M.S.

"HEPPESEN MAERSK”

Dec. 18

Dec. 31

Jan 16

Dec. 22

Jan. 6

Jan. 14

For Freight and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Pedder Building

Tel: Nos, 36066-V.

Rumours Of Snag In

Negotiations

Wage

Pittsburgh, Dec. 13.

Philip Murray's sudden call for a meeting of the big CIO United Steelworkers Union's top policy inakers has the steel industry buzzing today about possible outcome of contract negotiations.

214

Murray emerged from a hour session with U.S. Stee: Corp, representatives yesterday and announced his negotiators

will meet on Monday with the USW executive board and wage policy committee.

As Mr Murray walked out he tuli reporters:

"We will submit a report on the status of negotiations when we met with he rxecutive bea. d and the wage paily committee. I would not care to add anything to that right now

!

FOREIGN EXCHANGES

Canada

IN NY

England Onicial

The nanouncement touched off speculation in some steel quar- tes that Mr Murray, has hit 11 the soag in his negotiations for 22 demands he wants incorporat- Denmark

cd in the new contract.

U. S. Steel Corp. sources, however, would not comment on

New York, Dec. 13

US$0.97-7/16 2,40% 2.41 bid

untefal

Australia New Zeshitd South Africa Belgium

Mr Murray's action, nor on the Portugal possibility of a crisis in the pact Spain. talks now in the third week.

that

COMPANY REACTION

fran

2.44 asked

:00-day futures so-day futures

2.78%

2.70044

2.23

2.79%

2.80%

0198

1455

France

0020-9/16

West Cermatay

4.20

Holand

2030

Italy

1100

Norway

1405

0348

.0285

Bwrden

0935

Switzerland

-2204

Middle East

t

Egypt

2.88

03125

2.61

¡Turkey substantial Latin America

5378

0705

0500

.015-0

4026

1.00

.1155

0500

.4250

.2005

.2102

2040

.1708

3040

9305

Mr Murray has sald publicly frag

he wants + wage increase over the average Argentina

his 1,000,000-Brazit hourly $1.05 pay

member union now earns, Also Bolivia he wante

union ✡ guaranteed annual

improved premium

tive pay.

42.40 biti. 42.36. 42.08

41.50-59.

28.43 bi

41.80. --Associated Press,

29.508.02.074 Textile Market

The Bank of France statement Spet cotton elszed $1.26 a bale for the week ending Dec. 6 lower. reads as follows: The Head of the Defence Total gold holdings Fra. 191,448,678,920 Japanese loans were irregu- Materials Procurement Agency, Total of other cur

rencias small sales in larly higher on

Mr Jess Larson, said the move

Bight necessary because the foreign dollar section. Aus was

abroad tralian lasties advanced narrow-high-cost producers of copper Advance to curren arkedly

and Italian Issues

cannot continue operating at the

Aind prezent celling price of 244 Bulls discounted in mixed-Associated Press.

Franco cents a pound.

Abroad Mr

said his Agency. Larson

Hola, in elevulatih now is negotiating "over the Current accounta celling" purchase contrecte with

deposita opetators of nine mines which produce about 10,000 ton of Copper annually-Urted PreDE.

39 asked .44% bid. 40% naked -Assõelated Press.

the past season of higher, woal Record Oil Output.

and rolton prices, the demand

for raw wool was affected by

buyer resistance- niad a further

Caracas, Doc. 13

were.

Jap Locomotives For Philippines

"Manila, Dec. 11.

A shipment of 10 new Japan- ere locamoliges Teaclied fort

and

92,490.000,009

700 710 214,390 1,710,008,817,490

147,637,217,001

Dullness

New York, Dze. 13. The cotton textile market wos -United Pres. | dull today, Offerings of second+;}

hand goods increased at price concesaldis but buyers did trot

Exchange

Rates ow mach interest. The

Chile shop, Chandla

wage

and Cub

and inven-

Mexico

Peru..

Uruguay

Venerel

One steel source said the cɔ- Far East pany is not In a position to India make a wage offer until it is Pakistan known what the Price Stabilisa-Hongkong Indonesia tion Board will grant in the way singspere of a steel price increase,

Japoni

Commenting on the call for a meeting of union policy makers, the source sold:

"Either Mr Murray hus somo- thing to present to the policy board or has decided the issues have to be worked out else. where Associated Press.

Japanese Bonds

popular 60-square prin clot Japanese bonds

Vallable at $1 cents a compared with mili

New York, 19.

* Buxarines }: wwe done in day local { w Yehördelar off; produciloj! In |:RIVard the His Moru zum St-reporteCS KOODANDAKWA | MOTIAINE at the following ratek!-star the wool godds 'stinrket, wan

ENCHANTE market shift to the use of substitute November broke aliceprevious if oyas yestelde a The

sales of como ab 17 per borta, CESIRE, COME 911 materials such as - rayon, -mýluti | records,. The • Coverrungni |bn='|| Ralfroadt and orloh,

today. The JRBS com NH Coparut o wa utoled on Metart or 1001

„784,154 | Karyo Nalinde Did boginning of World | AV@řág? || ronchikal War II, over 40 per cent of ape | barrels.- United Press.

United Press.

ciated Press,

Magaborg (Birants)

[PIC Biasices (ser 100)

*End slow, ple

Rayon goods were quit Associated Press.

360 yen in UBEI -United Press,

New York Sugar Futures

New York, Dec. 18. Domesde Augar futures No. closed unchanged to one higher. March

6.30 bid

May

6.37

0.47

World' sugar futures No.

London, Dec. 13.

July

"A" (4. of 1809).

"D" (s. 81 1910)

58

closed one to two lower, March

4.73 bld

"C" (5%. of 1907)

108

May

-4.73 bid

"D" (3. of 1984)

7013 July

4.73-bid

"" (544% of 19343

11256ptember

4.79. bid

Gunsola

United Prana.

01% Raw sugar spot. *-* 6.76-nominai

Associated Press.