1961-01-02 — Page 2

ވ.

N.Y.K.

LINE

H.K./LIVERPOOL/CONTINENT LINE EXPRESS SERVICE

Arr. 4th Jan.

m/s "Suruga Maru" Sails 4th Jan.

for

Singapore, Suez, Genoa, Liverpool, Hamburg,

and Antwerp.

Hongkong/Genoa

Hongkong/Liverpool

Hongkong/Hamburg

24 days. 28 days. 33 days.

For further particulars please apply to:-

DODWELL & CO., LTD. (Freight Agents Only)

Shipping Dept.

Tel: 86621.

ROYAL INTEROCEAN LINES

SOUTH-AFRICA & SOUTH-AMERICA

m.v. "STR. VAN DIEMEN"

Loading Jan. 9 & 0

Salling Jan, 10

accepting cargo for

SINGAPORE, PENANG. MAURITIUS. LOURENCO MARQUES. DURBAN, EAST LONDON, Pont ELIZABETH. CAPE TOWN, RIO DE JANEIRO (ort.), SANTOS, MONTEVIDEO (opt.) & BUENOS AIRES.

EAST-AFRICA

m.v. "TJIBANTJET"

THE CHINA MAIL, MONDAY, JANUARY 2, 1961.

Weekly survey of American economy

survey_of

1960 WAS A GOOD YEAR Surprising improvement London Wall Street ends

over previous year

New York, Jan. 1. To the world in general and to many Americans it may como as a surprise that the year 1960 saw a general im- provement in the American economy over the previous

your.

In specific branches of the industry, such as steel and cars, 1960 was still

"second best" your.

This comes as

n surprize to those who, over the past six manths, have been fed a drab diet of declining statisties.

The explanation for the gen- cral good economic picture of 1900 is simple: The first half of the year made up for what the second half lost,

11

HE

1900 the U. S. had Perzonal income for

more than averaged about $405,000 mil- sbare Passenger traffic up 23 los, up from $383,000 mil per cent over 1959, cargo up 40 lion last year. Prefection for

per cent. 1961: close to $415.000 million:

And here are the sectors of U. S. was economy where the "second best" this year or just did not do so well

Unemployment:

closes firm

London, Jan. 1. Stocks ended 1960 in firm fashion although holiday influences restrained business. Buying by small investors with tho some institutions in fiold cheared most in- dustrials.

industrials

the

Over close in

year with most active session

New York, Jan. 1. The stock market climaxed a rather uneventful year with the most active session in more than two years, but prices on the week finished only slightly higher.

in American

The Dow Jones · averages on Friday showed 30 industrials at $15.09. up 3.60 points on the werk; 20 Falin at 190,55, up 1.20; and 15 utilities at 100.02 up 1.31. It was the drst time the utility average crossed the 100 level

since it dropped below that line on June 0, 1930.

The average for 65 stock" finished at 205.91 up 1.5,

The final trading day of the average since mid-March, 1950 Experts, up about 20 per

old year saw reporting tickers when volume averaged 4,322 148 cent from last year and

running behind floor trans-shores, or 3,685,056 shores daily. running at an Annual rate of

actions a good part of the day year $20,000 million. Imports

about There is another explanation: the same as inst year at about 4.5 million at the end of showed an average drop of 10 and at the close this stack ran 10 39 much as eight minutes. Most of the depressants of the $15,000 million. Projection into 1980; 3,577,000 at the end of per cent in the face of 1900's

Into second

like This activity had very little European half came

depressing news too late to 1981: The

boom is 1959. Projection

early flow of have much of an appreciable sinckening, there may even be a 1961: over five million.

two bank rate increases, tough effect on prices, however, and finished only slightly en effect

1960; their first in-worldwide mild recession and

Mineral output oil, coal, credit controls, nervousness an they will drop since fluence wil

into U.S. exports be projected

Iron Orc. etc.) $17,000 the balance of payments trent either side of the Thursday American prices are 'generally million, four Carly 1981.

per cent above and the setbacks in the U. S. close,

On the week, the price trend While most official year-end high. The rate of increase of 1039 but second to $18,100 million ceoncmy. Considering that the statistics ATC

year started out with equilies at was helped mainly by the con- not ovallabie at/US. exports in 1001 will slow, renched in 1057. this point, rellable enough esti- down to between seven and ten

Stect: This year's outpul their high point, markels have thucd strength

resistance to face Telephone & Telegraph which mates show these basic ecent per cent;

Retail sales

further arcund

of under 100 million tons, shown stout

lors working to erode prices. jumped 5 points in mie facts of life in the United

$200,000 million.

most likely around 98 million. about

la a short working week response to the firm's announce- States:

dividend attend:nce ment last week of a as last year. In 1961 a compared with last year's 03.4

million. This was second to the marked by a thin

and an offering o! 1955. Here the imbalance be index gave up a small fraction,, additional stock to its 1.0 million

It ended at Capital investment, busi-

305.3 against et stockholders, tween the first and

The holkiny-shortened work The year's low, ness outlays Fur

new halves of 1000 is most striking, week's 305.4.

saw some further tax selling and equipment: up from First half output was 61 million

set Dec. 9, was 283.4.

under pressure keeping prices million last year to

MERGER tons, in the second half, as con-

early, while the lost two $35.700 milion this year. A sumers used up output Inven- Imperial Chemical Industries sessions consistel of last minute decline to around $34,000 million, tories, only 30 million. Imports gained 6 pence on the weak to moves to adjust portfolios and In prospect for 1981;

also had their effect; they were end at 04/3 in face of strong toke advantage of Indicated Petroleum consumption in estimated at close to five million rumours that the giant would bargains.

1960 topped $3,300 million tons. barrels, up 2.1 per cont from 1959. This was considered dis- appointing by the industry s much higher increase was ex- pected:

same

The gross national pru-probable gain of one or two per 117 million tons produced in the Financial Times Industrial hike

duct (the total output of cent; goods and services) reached an annual rate of $503,000 million, up between three and four per

last year's cent from

rate of $482,000 million. Projection into 1901: Between $510,000 million and $515,000 million;

The Federal Reserve in- dex of industrial produc- tion averaged 108 per cent of the 1957 level. No exact com- parison is possible here since last year's output was calculated at 141.3 per cent of the older 1947-40 bases. However, the index is known to be slightly higher this year than last;

plant $32,600

~HOUSING

second

soon core to the market for more capital, perhaps by way

RETAIL TRADE of a rights issue. Courtaulds

With the exception of A.T. & notched fraction along with T. the list featured heavy British American Tobacco and activity on the part of a number

La fraction.

Villes registered the best gains as a group with Pacifo Gas & Electric, Long Islandi Fighting and Ameries n Natural Gas exck up iban 3 points.

more

outlook An optimalatio anies helped the tobacco group where Lorillard jumped 3 and Philip Morris and Reynolds added 2%

each.

"

Amalgamated Sugar was the upside feature with n gain of 11.

got

Ford

Studebaker-Packard, which 1 new chief executive,

and General Motors tacked on fractions Chrysler and American lost fractions---UPI.

starts Housing

(private dwellings) at an annual rate of 1,178,000, down between oir traffic 17 and 20 per cent from 1950 Unllover. Stores resumed the of low-priced issues in the dropped 1. ★ Translantic

due to Overall construction, judged by uptrack and Bowaters tacked on speculative category providing (here credit is

of 2 leadership

rather "00" News of Britain's biggest-quality.. International carriers also but atlays, about $85,000 million in

3000, two per cent belew the ever insurance merger proposa! 1930 record of $50,200 million. to join Royal with London and

The exports can see no in- Within the construction indus- Lancashire into a £400 million over the near term.

portant change in this pattern try

factors group focused attention on in-

P.O

Loading Jan. 4

4 & 5

Sailing Jan. 5

ORIENT

LINES

accepting cargo for.

SINGAPORE. MAHE, MOMBASA, TANGA, ZANZIBAR, DAR-ES-SALAAM & BEIRA.

For freight and further particulars apply to:

ROYAL INTEROCEAN LINES

Alexandra House, Mezzanine Floor. Tel. 35431/0 Chinese Agents: 82 Connaught Road, C. Tel. 34136/9

s.s. "STRATHMORE"

a

On

from voyage

U.K. to Australia, "STRATHMORE" is due to arrive at Hong Kong at 8 p.m. on 4th January.

there were LIVO

while Motore

which did remarkably well, al-surances which tended hardies.ceived very little encouragement BRITISH MACHINES

The trading community re-

FOR JAPAN

London. Jan. 1. The Adrena (London) group of companies anounced Last week a contract order to send imprinting machines

embossing machines

seven

and to

though "second best" Public

Golds held Arm but attracted from the business and economie construction totalled $10,800 little business. Ashanti Gold-pictures, Retall trade was the union, eight per cent above fields of Ghana returned to only bright spot, thanks to n 1950 and the highest for any favour and gained 2/4 to 16 last minute buying rush before year except 1938, a record high-Coppers looked better Friday Christmas. way bullding year. Private after losing ground over the The steel industry ended its. heavy construction (industrial week. Tins slayed on higher relatively poor year with the plant) tetalled $121,100 million, levels.

lowest operating rate for a non- above 1959 and 10 per cent

At the close of the weak oils strike period În more than 20 larger than any year except 1855,

steadied but gave ground over years.

231 The car industry was industrial building the three sessions. the biggest

stunned by the report of more year on record.

Only minor activity showed than one million cars in dealers, Japan. Automobiles: All sales up in gili-edged which moved nar- hands in early December, a new The order, the first of its kind except imports and the rowly and ended lile changed, high for that time of the year.placed by the companies in best year alter

1036. U. S the short-dated issues tending : made cars sold between 6.3 and to harden. Dollar stocks edged tinued to be

Rall and truck loadings-con- Japan, will be used to prepare adversely affected the plates used by the Brodma- The ship will be berthed at Kowloon Wharf Pier 0.7 million units, 8.5 per cent higher in response to Wall by the slow business conditions; Adrema rystem. It was made

above 1959. However, Imports Street's belter trend. No. 5 and will sail at 6 p.m. on 5th January.

Foreign bank clearings dropped sharply through the Tokyo Dai-Ichi dropped to some 500,000 seven bonds were in the doldrums and from the previous record week, Sholl Co., Ltd. 610,000 last year.

Greeks weakened, the 6 per cent but electricity production was A spokesman for the firms Consumer credit (instal of 1929 losing one point over Increased by the cold weather sald he could not disciors the *

ment buying) in 1900 the week to close at £20. and Christmas lighting. rose only $4,000 million, can-i Rubbers met demand and

Sales for this four-day week pared with the record rise of broke into higher ground buij amounted to 10,537,084 shares,

during 1939. tros ended

changed, or a daily average of 4,134,271 -UPI.

UPI.

shares, This was the highest

No passenger accommodation available from Hong Kong.

or cargo space is

MACKINNON, MACKENZIE & CO. OF HONG KONG LTD, $6,500 million

P&O BUILDING

little

menciary value of the contract, but said that he "envisaged quite a lot of business" for silar machines in Japon in the future.-UPI.

Mitsui Line

Tokyo

NEW YORK EXPRESS SERVICE

Los Angeles, Charleston, New York, Philadelphia, Baltimore & Norfolk,

ETA Jan Francisco Spik Fan,

10th

ma. "MOMIJIGAN MARU" Due Jan. 9th Sails Jon. Accepting carzo to Ciudad Trujillo with transhipment at Kobe + Charleston, New York, Halifax and St. Joha. tm. "MIKAGESAN MARU".. Dua Jan, 24th Bails Jan. 25th Accepting cargo for San Francisco & Los Angeles with transhipment at Kobe into "MEISHO MARU”

ETÀ Los Angeles 22nd Feb. Pacific North West, California & Ciudad Trujillo

Calling Vancouver, Seattle, Tacoma, Portland, San Francisco, Los Angeles & Ciudad Trujillo direct.

Due Jan. 19th Salla Jan, 20th Canada, U.S.A., Caribbean Soa & S. America

Vancouver, Longview, Acapulco, Cristobal, La Guaira, Port of Spain and Curacao.

8th Balls Jan. ..... Duc Jan HAVANA, U.S. GULF

1. "ARIMAGAN MARU”

m. "MEISHUN MARU"

Havana, Miami, New Orleans, Houston, Galveston,

M... "MEIGHUN MARU"

Mobile & Tampa. * Due Jan.

9th

6th Solis Jan. ((with transshipment at Kobe to ma, “AKAGISAN MARU”

Special Ventilated Space Available for Stowage of Perithablo Cargo.

** Also accepting cargo with fari trunggstpment to all overland portE

also Porte in Central & South Amerton & Caribbeko Sen.

01h

Singapore, Port Swottenham, Ponang, Rangaon & Calculto

m.a. "NACHIBAN MARU” ........... Dua Jan, 4th Balls Jan, 5th Singapore, Port Swettenhum, Pañang, Colombo, Karachi and Bombay.

m., “AZUCHIGAN MARU” Due Jan 6th Salle Jan.

WEST-AFRICA EXPRESS SERVICE

8th

'Lagos, Port Harcourt, Accra, Takoradi, Abidjan and Prestown MA "KVORITOU MARU" ....in Port Salis Jan. 3rd Noon Alio scoopling cargo for Lome, Cotónou, Donala, 'Librevilė, Pari Qențile and Polute Notre vis Abidjan and for Bathurst, Dakar, Cape Palmas á Monrovia via Frectows,

EASTERN LLOYD LIMITED

Mogul 299 (284 koor), skei Monių, 29 quein's Most Cantral, Mongtong

| Ohinery : Frsight - ARTRINIS KUEN KEE: 00. ⠀

H.K. Tel. 35211-0

Kln. Tel. 802298 & 806588

YAMASHITA

LINE

NORTH PACIFIC LINE HK/VANCOUVER 21 DAYS

M/S "YAMATSUKI MARU”

DUE JAN. 7

SAILS JAN, 9

loading for

Vancouver, Seattle, Tacomin, Longview and Portland, vis Kobe, Nagoya, Bhimiru. Yokobaram and Muroran,

Special Ventilated and Refrigerated Space

Avliable for Perishable Cargo

NEW YORK EXPRESS SERVICE IN 33 DAYS

DUE NEW YORK FEB. 17, 1961

M/S "YAMAKIMI MARU” DUE JAN. 12 SAILS JAN. 14 loading for Orlatobal, New York, Newark, Boston, Phlindolphin, Baltimore, Nerfolk via Japan and for Inland Pointa in V.8.A, sa well na for Montreal, Central and South Asseries, Caribbaan Ben & Gulf Posta with transhipment, ai Cristobal or New York. Also "Acogitia Caren for BAM STANCIBOO a Los Angeles wlis transhipment et Koba

Agent:

International Maritime Agencies Ltd.

Chinese Freight' Agents: WIND SING ▲.co.

JARDINES

THE INDO-CHINA S.N. CO., LTD.

To AUSTRALIA & NEW ZEALAND

For EASTERN TRADER Direct for

EASTERN STAR

EASTERN GLORY

EASTERN. TRADER

EASTERN ARGOSY

Sydne

Doe

BAJA

25 Jan.

3-Fob

Melboume,

Araba, Bydney.

4 Feb.

⚫ Feb.

Melbourne, Dunedin, Lyttelton, Wellington, Auckland, Bydney, Melbourne,

Brisbane Bydney, Melbourne,

Trubare Brisbane, Bydney, “

19 Fab.

LENORCHY

BRECONSHIRE

sa Jeb. GLENGARBY

21 Mar.

1 Apr.

Melbourne Thaadia,

Lyttelton, Wallington. Auckland

To RANGOON, CHITTAGONG & CALCUTTA

LOK SANG

EASTERN MAID

Calcutta.

Chittagong

Itangoon & Calcutta......

To STRAITS & BANGKOK

LOK BANG

EASTERN MAID *To 'BORNEO PORTS

HIN SANG

HD BANG

HEW SANG

VESTABLISHED 1012 A

with transhipment)

10 Jan.

237am.

GLEN LINE, LTD.

LENARTNEY

FAST SAILINGS TO EUROPE

Streitą Aden, Port Said, Genoa, London, Rotterdam, Amster dam & Færsburg .... Etralia, Aden, London, Rolter- Lorde dam, Amsterdam di Hainburg Balls; Btralia Aden, Port Bald, Genoa.

London, Rotterdam, Amator». Kolds 7 Feb. dam & Hamburg ... Batis D Job.

· Siralty, Aden, 'Landon,· Notter- Loads 17 Feb. dam, Amsterdamn & Hamburg WALES 19 Feb. (Accepting cargo for Antwerp,. Deeman, Copenhagen, Gothenburg á Osla

PAST SAILINGS FROM EUROPE

GLENFINLAS GLENORCHY BRECONSHIRE

Jan.LENGARRY

HADNORSHME

Balled 30 Mar, Sailed 29 NOV, Sailed 2."Ded. Balled 25, Dec.

Ballod 13 Den

f 13-Jan.

STATES STEAMSHIP CO.

SAILINGS TO SAN FRANCISCO, OAKLAND & LOS ANGELES

3. p.m.

1 Jan.

* Jan.

(+17)

Bangkok. Penang

Alagapore 题

5 p.m.

5 ..

1 JAZ (17)

3 Joh

PJA.

Singapore de Proeng ................

* Jan.

4 Jan

Kennedy Day & Nohayan Bandakan

Jan

7 JAG.

Badakan

6 120. Jan,

To OKINAWA, JAPAN & CHINA

7-Jatt. 10 Jan.

ото

In Port

DOOR

TEXAS

EASTERN SAGA, HOP SANG...

Osaka, Kobe & Tokohama: Moil, Osaka, Kobe, Nagoya

Yokotama

1 Jan.

UE. DANT†

B Jan.

1 Jan

EASTERN STAR'

Naha, Yokkaichi, Nagoya,

Scone

21 Зап

· All of the shore in makžeci to allocation with or withvül netice.

Leaves Lendon

Dus II.K. #Yor M. China

Jah 2. Jáb 14 JAD.

Jan.

is Jin

20. Jan.

Due W.X,

A-2

14

14 JA

29 Jan.

↑ Calling DinG: SERIE,

Through Bila to Island Cities, Work Indien, 0. d 8, Amen The. (Accepting antgo for Koho, Naguya à TokOkAMA), Coaziera reserve the right is priced "vis' KnY ESKEY PATİK

Jardine Here, Hut - Main,

JARDINE, MATHESON & CO., LTD. room d