1952-12-23 — Page 9

Page

MESSAGERIES

THE CHINA MAIL, TUESDAY, DECEMBER 23, 1952.

MARÍTIMES Sell More To

MOM

"FRY-HILL"

+"MONKAY" +"BREST"

Arriving Leaving

-JAD, 24 Jan. 28

B+

· Feb. 10

*"LA MARSEILLAISE". Feb. 12 Feb. 15

For passenger and freight..

Outward For

Japan

Homeward For

N. Afties & Europe N. Africa & Europe

Marsellies via Manila

For freight to Saigon, Marseilles, Algiers, Tangier, Casablanca, Havre, Dunkirk, Antwerp & Rotterdam,

• Accepting cargo: •

Via Marsellica to all Mediterranean & West Africa Porta.

---vis Djibouti to Madagascar.

Subject To Change Without Notice.

CIE DES MESSAGERIES MARITIMES

P.O. Box 58, Hongkong

Queen's Building (gr. floor).

EVERETT

E

Tol. 26651 (8 lines):

LINES

EVERETT ORIENT LINE

Fast regular freight-refrigerator--passenger service to Korea, Japan, Philippines, Indo. China, Slam, Malaya, Rangoon, Calcutta and

Chittagong.

"LENEVERETT"

In Port

Salls

Loading

Dec.23 for Kobe, Hirchata, Yawata,

Osaka & Kobe,

"NOREVERETT"

Arrives Sails

Dec. 20 from Manila.

Dec. 27 for

Singapore,

Rangoon

Penang. Calcutta..

(Accepting cargo for transhipment Kobe/Putan and Kobe/Okinawa)

EVERETT STAR

LINE

Fast regular freight-refrigerator-passenger service to Korea, Japan,, Philippines, Indo- China, Siam, Malaya, Colombo, Bombay, Karachi and Persian Gulf Porta.

M. S. "THAI”

In Port

Sally

Loading Dec. 23

for Singapore, Port Swetten- ham, Madras, Colombo, Bombay, Karachi, Kharrum- shahr, Basrah & Bahrela.

M.S. "STAR BETELGEUSE" Arrives Dec. 30 from Singapore, Sails

Dec. 31 for Kobe & Yokohama (Accepting cargo for transhipment Kobe/Pusan and Kobe/Okinawa)

EVERETT STEAMSHIP CORPORATION S/A Queen's Building, Tolophona 31206. -Chinese- Department: Telephone-28293.

U.S. Control Law

Has Backfired

A

The U.S.

Washington, Dec. 22.

In the third quarter of

this year, foreign tries

sold

soun.

substantially

more to the United States than

they bought

continuing the

the second

here,

trend of

Transactions

road quarter.

1.8.

with the

the Department of

Commerce

Kaid today,

abled foreign countries to earn $700,000,000 more than they spent

bero

the July-August-September quarter.

Allogether, in the last

quarters.

forcim two countries have sold 91,- 100,000,000' more to tho 10.8. $21 they Javo bought from this country.

Associated Press.

TOY

BOOM

IN U.S.

New York. Dec. 22.

of

the

Optimistic Feeling

Over Business

Prospects In U.S.

New York, Dec: 22.

A record Christmas business appeared assured this past week for the retail storekeeper. Again shoppers spent more money than in any other comparable pre-holiday week.

+

As shoppers spent liberally, money in circulation reached an all- time peak for the fourth week in a row.

Industrial producten hit the | planned and inventorica to re- high spots too, and prosperity stock emptying shelves account- od for a fair share of thçao laarin

Was

by predicted

many economiste even after the de fence spending begins to taper off.

+

total was 10,520,000.

The significance is that sca-

the cor-

HONGKONG SHARE MARKET

(From Our Correspondent).

The emptying shelves were 'in' retail stores as well as in fac- torles and wholesalers' houses. Year-end statements were almost unanimous in their op-

EASY CREDIT timism for the months ahead.

Bradstreet, the Dun and Everyone

talking good W15 business.

The only differences busine a reporting service, mid

the accelerated pace of came

on how good.. The Bureau of Labour Statin-hoppets was expected to A "baby boom" in the US,

In tics reported factory employ-nue in the final shopping days boom

the is sparking a toy

Christmas with Christmas trade. Slores reportment is November (the latest before.

figure available) was the highest result of a new peak reason.

Business done on the Stock Retailers were reported rely- Eales 25 per cers ahead last season's.

since World War II. Much of

reported there ing heavily on promotions and Exchange this morning amount. The Bureau

to ed to $93,545.00. Noon quota- stressing easy credit terms business 16 in Imports..

were 36,000 more manufacturing keep their casts registers ringtons and the morning's trans- The toy manufacturers of the

jobs than in October and the trede,

ing-to a greater extent that actions:—' U.S.. representing the

Bradstreet anARES BUYERS SELLERS SALES said it is having its hands full

lust your. Dua and said. millon the nation's Supply.ag

In-

The business service told the INSURANCES of children. It estimates thereonal cuibacks in

dustries usually bring a decline

more youngsters

Canton are now 15,000,000

of factory shoppers were running in the number

deeply in debt than ever before,

Union in the five to nine-year bruck-

workers in November.

But, Dun and Bradstreet added, bebies ct ad

that 3,500,000.

SIMPPING It was not an unduly large bur- have been born every

RECORD HIGH year

den because choppers' incomes since 1948.

Bureau were also at a record high. But this year, the manufac- Inost Word from

Customers woe reported turers is that they are working sald, clothing manufacturers did

generally their payrolls and from two to three shifts a day, not frim

producera at a time when normally al durable goods most all the year's production panded. would have been shipped.

One estimate was that 100,000 different

toys are on the mar- ket this year. Two that were reported

in popular demand:

remote-control-

for

Fonte

ex-goods, Bilhough botter-grado

The same situation was true non-farm jobs generally The total of this category stood at 47,802,000 in November 1,010,600 above a year eariler. Pre-Christmas expansion

in

German-made Jeep, selling rotaļi trado and metal-working |

led

for $2.98,

2.98, and

a Japanese-made £3.49 model of e B-50 bomber. Said the Wall Street Journal:

"They're outselling anything

the

offset normal declines in con struction and canning. Bureau sald.

Business loans were at a re-

similar by domestic producers." cord high for the 12th week in -Associated Press.

a row and expansions already

Canadian Dollar Difficulties

-Ottawa, Dec. 22.

The financial world paid homage to the Canadian dollar in the year now drawing to a close. For the first time in 18 years it climbed from a discount to a premium, becoming the world's most powerful currency.

many remained quite bargain-conscious.

In the midst of the pleasing reports, however, were a few our rides. New York City, for instance, was the one big ceptice to the rule.

→COST OF LIVING

X一

One New York shopper sald sales were lagging behind last year and he blamed transporta- Hon

dimculties competition from suburban shopping centres and a

cily sales tax rents on the dollar).

As the

(three

Ding of holiday shop- the Government

increased,

reported

the cost of

living crept

up two-tenths of a point in November and equalled the re- cord high of last August

Higher

home rents ~were mainly responsible for the rise, the Burgau of Labour Statistics safd.

The Index Increase was too slight however, to preventa one-cent cut in the hourly wages of about 1,250,000,000 radioad workers whose pay

tled to the BLS index.

Under the previous adjust- ment the railroad workers had received a two cents an hour

Was

Waterboat

DOCKS, ETC.

$53 200

.. 1315.

K. What N. P. Whari... Provident .. 12.00 Provident

New Wheelock Wheelock

(Kts)

LAND, ETC.

Hotel

500 @ 4.15

30 30

10.30 10.00 200

10%

-

7.70 7.35 2000 @ 2.

8015

HK, Land (0) S'hal Land. 11-130 1000 -1.10

UTILITIES.

Tran...... 23.20 22.40 100 @ 2.40

Star Ferry 117 110 C. Light (D) 0.40 C. Light (N) 6.5 Electric

Telephone

Tel. (Rs.)

IDUSTRIES

Cement

500 20.30

600 9.45

2014

630 a 10.00

4.30

15,00

Ropa

20.00 2000 @ 20.10

STORES, ETC.

Dairy

18.70

Watson

COTTONS.

I+ Crawford

pavg.

MISCELLANEOUS

ROYAL INTEROCEAN LINES

*BOLEIVÄIN"

*TIMENTENCY

**TASKIAN=

"TJIWANGI"

Тиворак

"VAN: BRUTER

PEARMAN" "TJILUWAH" STJITJALENGKA"

PONDOR"

VESIBANTJET".

"TUWANGI".

"TÁUMAN" "STRAAT

KAKASAR "PTIKAHVEX"

"THLUWAN

“TJIMENZEN

TASMANM

NT JIWANG

"BOISSEVAR"

PTIIDANTIETH

"STRAAT. BORNDAY FIN, 14

“TJISADANE".

Mar.

"THLUWAT".

OfDr. E.

"TASMAN". "STRAAT

MAKASSAR"

"EJWANGI".

TIMENTENG"

"BOISIEVAIN"

"TASMAN" *TIWANG"

Mar 22

Api.

to Part

Dec. 5

Dec. 19

Pokobama c Yokohama, ♫ Yokkaichi,, Nagoya

Kobe

Kingapore,

i

- Djakarta,

Semarang,

“Makita," | ARRESTOJOS, nijakarta, V Kanartížne? 1. Atrijs à 8. America 19 Jaketa

-- Kingapura, Poliang, Balawan, Dell,

·Reunion-a-Br. E, Africa,

Bingapore, at Diakaria, Mauritius,

6 Affies & Starter

Semarang, doradafa.

Украл

Dianarta. Samarning

Katamar

Djakarta. Semarang,,, Guradata

Semarang.

* BUTeMala) &. MacamAU, Alants, Bingavore, K. & 3. Africa-&.

· B.-America

Singapore, Dakar, * Manekink

#. Airten & 8. America Djakarta. Semarang, Auṛabata „'da

Singapore, Penang & Delayan Deli Japan

·

+

прафого, plakaris, Semarang,

Mazabala ·i· Discansar, "Japan" v

“Bingapore......... "bjakasta,

Barabala Macassar

Bemarang

Japan

Mingapore' - Djakarta, ·Martellus,

MiNEAPOTS, Djakarta, Bemarang,

Buhoria da Macassar'

ABRIVALS

From

5. Africa, Naanuar,” Djakarta: &. Singapore

HAMATICA, B., Africa,. Drauritius,

· Singapore & Manila Paskoj, Belawan Dili & Singapore Bindassar, Sdrabain, BENSEFSDE,

Djakarta `& Singapore

KING'S BUILDING, Ground Floor

F

TEL. 28015/18.

CHINESE AGENTS: 82 CONNAUGHT BD. O. TEL8, 31136. 25138.

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

NEW YORK, BOSTON, BALTIMORE" & PHILADELPHIA vis

SAN FRANCISCO, LOS ANGELES AND FANARA. »

NEXT SAILINGS

*M.S. "JEPPESEN MAERSK 74

M.8. "OLGA MAERSK

MS."HULDA MAERSK”-

• CALLING --VANCOUVER

ARRIVALS FROM U.S.A.

∙1700 @ 212

M.S.

"HULDA MAERSK”

M.S. TREIN MAERSK”.

M.S.

Yangisza ... 5.70 6.90 300 67%

LONDON TIN MARKET

Wal

But pride in that achievement turned into increase. embarrassment for the Canadian Government and

*** FOOD FRICES DOWN for a big segment of the Canadian population.

While the Government

London, Dec. 22. --Meny-Canadian businessmen, can currency, the Canadian reporting the cost of living going-

Tho Un markot whs. Armer argued that Canada, which do-dollar would climb still higher, of wholesale food prices hit & this morning.*Turnover

up, Dun and Bradstreet's Index pended so heavily on foreign adding to the Government's, em-low since the end of June, 1950. 80 tons including 30 tons for markets for prosperity, simply barrassment

The

based on the cash. Prices closed at the end indox, could not afford an expensive

THREE CAUSES

wholesale costs pound each of the official morning session

of a Federal experts attributed the of 31 foods ins general use.

as follows:- dollar's spectacular dimb

to stood at $8.11, com

1. compared with three main developments:

$0.13 the previous week and

9401 $0.03 a

Business done at a year ago. In regard 10 food,, the Three-months tin, buyers 940

Three-months Department in it!

tin, sollen 045 Agriculture

045-044 Business done at 2. Heavy movement of foreign anal crop report of 1942′ said

Settlement.

040 capital into Canada.

United Press.

Jonar

premium ou the dollar, which rose to a 109-year high of during more than four cents

1. A surplus instead of a August and September, gave deficit in

foreign Canada's Importera - the opportunity of trade.

Imports.

paying less 10 complained of

But exporters

hardship. The pre-

3. A "psychological" growth American farmers produced

Spot zin, buyers

Spot Un, weilers

040

But for the wheat grower and acreages and mostly lower farm Exchange Rates

Uhe

מהעיר

record volume of agricultural to increase the of confidence in the dollar in products

#tus

year despite | 2,800,000 balos

of Canada's exports and the world's money markets. and Russia's price of - Washington, Dec. 22.

handicaps of drought, reduced ability to Into Canada's out The export control law closer to 3,800,000.

The depressed international compete for foreign markets.

the gold producer, particularly,

prices. curb on trade with the iron cotton market stems from the It was a case of exporters in-

premium

just a And, the Department added, the price of their goods headache and curtain countries has back build-up in

a way to lose the cro

crops were generally of ex- importers stocks absorbing the premium as en

* 29. fired on American cotton which followed the heavy buy-or

The car

got hurting after the outbreak of the extra cost. Many exporters re producers and has

war. Demand was so mained undecided. No one was

good news. The Defenoo certain how long the premium

Production Administration told them more than Russia, astro

re- then that.

at. export

them in the second quarter informed government source strictions were imposed on the trend would last. Some

1833 they would have it would be short-lived. said today,

It was not. As the year drew

Korean fighting started.

up

Korean

short 1950 American crop,

When the 1951 crop came in,

certain

Were

money.

Carnda wheat through the International Wheat Agreement at the maxi- muin price of $1.80 a bushel in United States funds. Every time

501 most of her cellent quamulacturers

of

more

Business was done in the local unofficial exchango market .this morning at the following rates:-

t

UB. dollar (per (1)

Sterling note (per £1)

Indonesian gundam (per 400)

Blam teala (per, 109)

Bingapore (Straile)

the curbs, excopt for the ban to a close, the premium shrunk / 40 dollar 'went up a cent, that steel than at any time' since the piastres (per 100)

on iron curtain shipments, were removed.

1054.

to less than two cents, but then it bounced back to more than three cents.

tho

price went down almost two cents a bushel.

Gold' producers sold most

For

of

STEEL TIGHT

wale

Cerverinena do something about Counged by the Increased col- tnorisation of 250.00 cars and

it:

In

·

Oncials studying the situa ilon pointed out that Russie arxi her satollites, Including Rod China, normally buy

The falling-off of demand this

heir production on the official Hold market with the price fix- The Government said the car to 1,000,000 bales of U.S. colton year has posed serious problems

PRODUCERS COMPLAIN

ed at 695 g.

fins ounce in US. manufacturers would get up to annually. This year American for. U.S..producers. There were

Government Le British Columbia, Jumber funds. Again, every time the 70 per cent of their consump- shipments are running at less reports that the

would advise them to

producers complained that the Canadian dollar jumped up, the tion up to, that time. cut than half of last year's rate.

cutting price in Canadian funds do-

And the our makers Sale of another 1,000,000 acreage considerably next year high-flying, dollar was

promised enough steel in the bales would save U.S. growers or face planting restrictions in into their ability to compete in clined.

to build sn market. The "WOLBYING DECISIONS Orst American

quarter

and 175,000 Cars (! from a looming surplus.

Government British Columbia

those who were dia- additional Oficials pointed out that This year's crop is estimated

probably the iron curtain nations have at 15,030,000 bales. Foreign demanded absolutely free access to other and domestle buyers are ex-

foreign investors might decide 315,000 trucks. colton sources, chiedy Pakistan pected to take only about 14,

Such civiliari 15 This

Vancouver speech, pull in their horns and take bales.

means and Egypt. In addition, Russia 000,000

and than herself supplies

of that much

1,000,000 Finance Minister Abboti replied prost on their Canadian Invest-frigerators Lawn mowers moro

was not much the ments, or the Canadian Grover farm and garden equipment also. the cation for her, Eastern hales will be left over at the that there

from civilian steel banefitted. Government could do. I would ment might decide it was again cations, European puppets either, from end of the season on August 1,

Axed

nilbestions. rate of

The Iron Ago, metal-working the Soviet crop or by resellos 1063 to be added to the 2000 Captain colors to buy on all time to place

up change on the dollar. op hand from previous dollars

There was some Indication to

Wodkly, said: "The steel trade "Even if wo

we assume that the carrylovers.,

the surplus American dollar ap-

Canada

wards the end of the year that market looks tighter now stien Communist countries

The Cotton Producers Comparently available in not are

of American investors were taking this for several months." has been working to

There was not that kind

Halfdany steel people, Iron Age some Canadian has money available in the Federal profit As t

the securities but not to atty extent said, "had expected first algat of essing damanzi to staré show- vernment

hid invested, more lo

sharply,

Aristed Press. dollars and gold than at any history. time in her

getting all the cotton themedy the situation. It

need," one omelet sald, "their

Was

the Canadian dollers in American the exchange rude downg about the first of the year."

д progrimme fox only difficulty would be the proposed price bre. And with the slacker voluntary acroagge

and 19 urging world demand, other countries next year have become anxious sellera Gorament to push sales to tho at prices generally below the countries participating in U.S. prices

mutual security programma., -* Goverment experts arrived United Press,

at their conclusions even after

the fantastically

As for fixieg of an oxchange rape,

Mr. Abbott observed in Hils the Vancouver, sperent laat oma to a future time, conditions may de-

Production estimated from JAPANESE BONDS these reserves to "Iron On the from personal

Red Ching and Rueda. The

Red governamental nounood that the output in Ching in this Japanese

past season bit about 4,500,000 bales and 10,500,000 imies in Russin.

American o

othelala, using

bonds "A" (45., of 1800) 4

"13" (4 of 1810) 77%

(5 of 1907 136 "D" (B." of 1934).108 "E" (B48 of 1030) 106.

commumption figures and reporía: from Embary: experts, may Consola that the China crop was nearer

London, Dec, 21, The ruber Situres market was dulls lados: Priers" "eloted Ahị

The official reserves at end

September climbed peak

of $1,835,000,000. The yoop in which I would be up- LONDON RUBBER

using propriate to take this stop Government said it was

But I tell you frankly and sharp dally fluctuations in

Involved by exclubge rate of the dollar, 11 mald the de

It cotunily was doing setting or What It Was buying up much staple of exchang American currency op it could ones to: 10 prevent the Canadiandole

from Intreasing its premium without We Federal oficial observed fok 1-58-13/10

that if the Clovernment's agents Briaric Unlied Prem, stopped buying mayplus.

“Associated

changing fred

11.00

"NICOLINE MAERSK"

Jan.

Jan. 18 Feb.

~ Dec.

Feb.

Feb.

For Freight and Further Particulars please apply

JEBSEN

Pedder Building

& CO.

Tel. Nos 86066-9.

1). Dates, and rotation mbject' to change" witham neties.

at liberty to proceed via other''ports" "to" long/discharge cargo.

BUSINESS REGULATION

ORDINANCE, 1952

Copies of the prescribed Forms 1(a) 1(b) and F(c),

Now On Sale at S. C. M. Post, Ltd.

HONGKONG AND KOWLOON

TEN CENTS EACH

NORTHWEST

AIR CARGO TO

SEATTLE, CHICAGO, NEW YORK

Detroit, Cleveland, Pittsburgh, Washington Connections to Colfernin and Að Major U. 5, Cilies

Through Jeryka la Conjunction with Hong Kong Airways -

Boras 1dg., jog Houas, Street, H.K. 21178, 20171, 52850 ut. Your Travel Agent

Hong Kong Airways

AND

Northwest Airlines