THE CHINA MAIL, WEDNESDAY, FEBRUARY 21, 1951.
MESSAGERIES MARITIMES SCRAP SHORTAGE IN
M
"BEAUVAIS"
ARRIVALS
from Japan
-SAILINGS.
MEUROPE MAY CRAMP
PASSENGER/FREIGHT SERVICE
"PELIX ROUSSEL" "LA MARSEILLAISE” "LA MARSEILLAISE"
"BEAUVAIS"
"MEINAM"
"GRANVILLE"
to Marsellice via Manila to Japan
2nd Mar.
1st Apr. ... 8th May to Marseilles via Manila 10th May
FREIGHT SERVICK
*
N. Africa & Europe 3rd Mar. N, Africa & Europe 18th Mar. ..N. Africa & Europe 27th Mar.
for
FORT SAID, TUNIS, MARSEILLES, ALGIERS, ORAN,
TANGIER, CASABLANCA, HAVRE,
ANTWERP-&-ROTTERDAM,
DUNKIRK,
CIE DES MESSAGERIES MARITIMES
Queen's Building
Tel. 26661 (Three Lines)
WATERMAN
STEAMSHIP
STEEL INDUSTRY
Geneva, Feb. 20.
"Experts here consider that the scrap market in Europe has to be organised in some way If the whole steel industry is not to be cramped.
According to their estimates, scrap available in Europe is tight, but not so, short as it looks on the market.
SOVIET
CHINESE
TRADE
Moscow, Feb. 20. Western observers noted with interest today the arrival here of a Chinese trade delegation head- el by Deputy Trade Minister Yao Yi-lin
CORPORATION important trace talks with the
MOBILE ALA. USA
WATERMAN LINE EXPRESS FREIGHT SERVICE
FROM U.S. ATLANTIC COAST VIA JAPAN
4. «. "KYSKA”
DIRECT FOR
22nd Mar. 1951
NEW YORK, BALTIMORE & PHILADELPHIA VIA JAPAN & HONOLULU.
"KYBKA"
..... 23rd Mar. 1951
ALSO ACCEPTING TRANSHIPMENT CARGO FOR
GULF PORTS.
WALLEM & CO., LTD.
Agents
Hongkong & Shanghai Bank Building
Telephones:-38041-5
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO: -NEW-YORK, BOSTON,-BALTIMORE-&-FITILADELPHIA,_gla
·SAN FRANCISCO, LOS ANGELES - AND PANAMA
NEXT SAILINGS
M.S. "OLGA MAERSK"
M.S. "LAURA MAERSK"
M.S. "HULDA MAERSK"
Feb. 27
Mar. 15
Mar 30
TANKS OF ALL SIZES AVAILABLE FOR BULK OIL
ARRIVALS FROM U.S.A.
M.S. "TREIN MAERSK”.
M.S. "PETER MAERSK"
M:S. "LEXA MAERSK”
Mar. 14 Mar. 23 Apr. 21
It is clear Yao has come for
Soviel Ministry of Foreign Trade.
In some countries, such a Belgium, the scrap price is free and bar practically doubled during the last six months, reaching $30 a ton.
HONGKONG
SHARE MARKET
The volume of business ransacted on the Stock Exchange this morn'as was valued at $183,125. The half day's business and noon closing prlies were as follows:-
BEARES BUYERS SELLERS SĄLER BANKS
10 Bank.. Bet ARA
In other countries, such as France, the crap price is fixed at a low lovel (313 a ton), ao that scrap-owners prefer to suTANCES heard
for better days.
and
wait
1.5. PURCHASES.
Carton
151323
100
40 0 200
@ 145
Union ....... Underwriters 8,10 IDC Fire
N. P. Wharf 4. 5.29 Dock Provident ... 1049). LANT), ETC.
In Britain, the experts say, DOCKS, ETC. fixed prices are too low; so that the production cost of scrap sicel is much lower than that of plg- Iron stos), thus encouraging a high scrap consumption, •
MK Land
UTILITIES
Them
The purchase of scrap by the United States is also felt to have Recent articles in the Soviet encouraged speculative tenaen- Press have stressed that 1950 ctes, not merely because of the was marked by important ex-amount of scrap that was with- pansion of Soviet Chinese trade drawn from the market (some and economic co-operation under 200,000 tons a year.) but also the terms of the 1980 alliance for the paychological reason that carries purchase" hotween the Soviet Union and "American
along the Chinese People's Republic,
of importan. profit. Western courées say the cur rent negotiations may be nimed nt further increases in the trade the two big lurnover between
China's trade with traighbours. the Soviet Union and with
the idea
*
38
800 4,11
World Record Price Paid For Wool
A
Melbourie, Job, to. Ameriona Intorasta: paid world record price of 411 pence pound for a bale of super merino lambe "Wool ál the Geelong wool-|-
males today.
first time
IL
the WHA crook bad brought more than 400 pence a pound,...
Blading was strong' and the market buoyant, Any changes were in the sellers' favour.
Prices at the Sydney Exles were fully firm On the previous day's levels 'for all descriptions of merino-Associated Press.
Transport Situation Is Tight
CITI-
Washington, Feb, 20. Agriculture Department clala said teday a fight trans-
30 230 # 3316 portation situation growing out of the defence programme may hold down exports of wheat in the months ahead.
11.70 100 @ 12.00
Sales of wheat for shipment abroad have been particularly C. Light (0) 6.30 6.30 1000 6.30 heavy during the past
three
months.
has This, in turn, 8.80 caused an unusually heavy de- 2013 mand for freight cars for move- Interior ment of grain from producing areas to ports.
2000 @ 12.50
1000 i 12.50 300121 2001216
200 @ 6.20
C. Light (N)
3.80
Becirle
B) 5.70 ..... 2933
Telephone
(N) 0
Cement ..... 1215 Rope ... STOVES, ETC.
Daby Born 12%
13
14
134
300
152
13
Dairy (N) Watson
As a matter of fact, the Ameri-INDUSTRIALS can price of $48 a ton, after de auction of some $15 for the freight, leaves some $30 to com- Eastern European countries has pare with the French controlled doubtful price of $13. It is ecome of much greater im-whether the premium of French portunce to her intely as the re- 'Fra. 750 (less than $2) which is Gult of the U. S. embargo on the now offered by the Government sle of many items to the Chi-to encourage serup collecting, nege,--Assdeirled Press,
will be sufficient to offset the difference.
Freezing Of Prices
In Brazil
Soares
It was learned, therefore, with great interest here, that the United States might consider
1735 ..... 2234 2234
L. Drawford 31% COTTONS
Ewo
2,40 2,70
giving up their scrap purchase LONDON TIN
in Europe, which represents, anyway, less than 1 per cent, of their purchased scrap consuinp- tion
It is doubtful whether any in- ternational allocation machinery could be efficient in the field of Rio De Janeiro, Feb, 20. Benjamin
long as comparable scrap Senhor Cabello, new Vice-President of market conditions do not exist in Europe. Such conditions existed Brazil's Central Price Commie-bafore, the war, when
the Scrap sinn, has proposed that the Convention was in force. prices of food, ulics arid ser-
Purchasing channels
were vices should be frozen at their
organised and prices periodically January 31 level.
adjusted by mutual agreement of both buyers and sellers, thus al-
Salaries would not be cluded.
in
He suggested that the Gov-lowing normal prices fluctuations and at the same time preventing ernment should buy on a non-
and sproulative hoarding from de- profit basis on the food
veloping as it does to-day. baste materials markets,
Transport and food syndicates should plan with the Commis- sion to ensure adequate sup- plies, and a cereals and food exchange should be set up here, he said. Reuter
British Steel
Prices Up
London, Feb. 20. Price Increases for kron and steel were announced today-Ave the Industry came days after under State control.
The new prices apply from tomorrow, the Ministry of Supply
For Freights and Further Particulars please apply to:-announced.
AGENTS:
JEBSEN & CO.
Pedder Building
PENINSULAR
Tel. Nos. 26661-8.
The increases, which were expected, are mainly due to rises in the cost of coal and coke. Examples of the Increases are basic pig Iron
from up £10.113.6d. a lon to £10.18s, and cold rolled steel strip up from £33 a ton
£33,123.6d.- Reuter.
IRON ORE PROSPECTS
Although in a less acute do- gree, Iron ore production in Europo also suffers from a lack of agreement between producent and - purchasers. The feeling prevails here that if the iron ore market could be better organised, producers might be induced to increase their investments.
MARKET
London, Feb. 20. Tin prices again improved to. day, with turnover only 60 tons, including 15 tons for spot.
Prices closed today at the end of the official morning session ne follows:
Spot tin, buyer Spot in, reiler Business'dono al Three-months tin,
buyer ***. Three-months in,
Beller Business done at Battlement
The supply of freight cars,
however, is short of total needs.
There is sti ample wheat, officials told reporters, to meet current and anticipated export and domestic uceds and main- Iain a safe reserve.
Ofelais said exportero have bren advised of the tight ship- ping situation. It has been uggested, they said, that CX- perters take this into account in making additional sales for
xportAssociated Press.
JAPAN'S DYE INDUSTRY
Tokyo, Feb. 21. Japan's dye industry is slated to reach new highs in production this year, according to the economic Journal, Nihon Keizal.
Said this opinistle outlook is based on a two-fold jump in domestic demand and three-fold rise in exports in December last 1,530 1,325-3,530 year over last summer.
1,400
1,403
1,400
1,650 -United Press.
Singapore Rubber Futures
Singapore. Feb. 20. Prices of rubber futures cidos here today as follows: Number 1 rubber, per lb,
February
March
In present circumstances, on the other hand, it is difficult to persuade Sweden, for instance, to expand her investment pro- Number gramme in the North. Lackdog 4 February guarantee that a reasonably safe Number market will be assured to her surplus production, she is not likely to run the risk of unex- portable surpluses.
New York Sugar Futures
New York, Feb. 20. 'World sugar futures closed today unchanged to 2 higher, with sales to
totalling 543 con tracts.
Seeds And Oils
+
3 February Number •
rubbo
February Spot rubber, unbaled Back crepe No. 1 pale crepe
230-22016
273-223
221-323
318-220
199-200
283-254
164-240 135-340
--Plaited Pres.
New York Rubber Futures
In view of increasing demand, mapufacturers are said to be trying to boost the production to 7,000 tons this year. Howeyer, they believe that the production goal may reach 10,000 tons before the end of the fiscal year of 1950-United Press.
U.S. Copper Cut Washington, Feb. 20. The Government announced today that nicel of automobilta durable and other consumer goods will be cut 20 percent on April 1, probably 30 percent on July 1 and perhaps later in the year.
The National Production Authority also announced that ) copper for non-defence produc- tion will be cut 25 percent on April 1. This is five percent greater than the cut previously ordered for March. United
Press,
Copra Sellers
copra
more
in-
New York, Feb. 20. Trading in apot and futures
New York, Feb. 20.
for offered Sellers natural rubber for markets remained at a practical standstill nearby shipment at $290 per CIF. the Pacific Contract No. 6 closed today Exchange
again.
the On
Commodity short ton,
The Chest, However,
dealers Incorporated, markobt closed 200 points lower dicaled that. some material today as fol-to half points higher on bid might be available on arm bid in cocoanut actual sales of $285 per ton. prices, with mo Contract No. 4 (world)
all, all positions were traded 4.68 nominal materialising.
of 21% cente a pound. F.O.B. Prices closed today as follows: milis-United Press.
2 to 3 higher.
Prices closed lows:
New York, Feb. 20.
& ORIENTAL
OS SEPARABIL
Prices in the seeds and oils market here closed today un-Jy changed with the following ex- September ceptions:
March
5.33 traded
4.91
6.03
Spot
4.50
Contract No,
TURE
York, per Ib. 2034
B. New in tank
MAY
941 dia
Spot Match.... MAT July
Jong ton ...
July September Spot
3.51 traded
1.55 195
STEAM NAVIGATION COMPANY
R.M.S. "CHUSAN”
NAILS:
NOTICE TO PASSENGERS
:BAGGAGE:
SATURDAY the 24TH FEBRUARY at NOON for the UNITED KINGDOM via Straits, Colòmbo, Bombay, Aden and Port Said:
Castor Seed per
Brazilian Port 75-200 mominál
United Press.
Moat Talks To Be Resumed
5.40
-Casted Press.
Black Pepper Markot
New York, Feb, 20. Spice dealers reported a con- siderable "Wickering" In tho black pepper market, although
74
72.00 bla 70.00 bid
R.I.L.
ROYAL
INTEROCEAN LINES.
SINGAPORE JAVA PORTS and MACASSAR
"TJIWANGI"
"TJISADANE" "TASMAN" * "TITTJALENGKA"
"VAN HEUT82" *
ARRIVALS
In Port
24th Feb.
20th Feb.
12th Mar.
In Port
• only to Singapore, Penang & B. Dell
• MANILA, EAST, &- ́ SOUTH AFRICA and
SOUTH AMERICA
"TJSADANE”
"TJIFANĄS"
“TJIDESAR" **
not prodceding to 8: Ameries,
“BOIBSEVAIN"
"STRAAT BOENDA"
• JAPAN
*TIPÄNAB"
"TJIBE:AR"
"BOISSEVAIN"
"VAN HEUT8Z”
"STRAAT SOENDA”
SAILINGS
28th Feb.
7th Mr. 18th Mar, 24th Mar.
SAILINGS
Tth Mar.
ARRIVALS
18M DARK,
13th Mar.
24th Mar.
..26th Fol
6th Apr,
ARRIVALS
8th Mar,
12th Mar,
23rd Mar,
18th Mar,
6th Apr,
SAILINGS
3rd Mar. 20th Mar.
Agents: HOLLAND EAST ASIA LINE
⚫ EUROPE via MANILA
and MALAYA
“AAGTEKERK"
"ALMKERK”
"LANGLEESCOT"
to
Through M/L fatued Mediterranean and Northern European Porta:
• JAPAN
“AAGTEKERK” †
"ALMKERK” +
"LANGLEESCOT":
+ via Manila,
ARRIVALS
8th Mar, Mid, Apr.
SAILINGS
Farty. Apr.
SAILINGS
6th Mar.
ARRIVALS
Tih Mar. Early Apr. May
Mid. Apr.
KING'S BUILDINGSTELEPRONESE QKETDEM017-
ESCİMGEWENI SERE CONNAUGHTERJADEGET USE31 897-29111,
THATHERLEADER-GO BY CLIPPERY
On Pan American's new Double-decked Clipper
Service to the U.S.A.
(YIA MANILA)
NOW
EVERYONE SLEEPS IN
HONEST-TO-GOODNESS COMFORT
In Pan American's luxurious Sleeperette*
at no extra charge. Or in a full-size berth -only $10 free of charge to Honolulu from there to the U.S.
And this is just one feature of Pan American's new and finer air travel.
Call your Travel Agent or... Hong Kong Hotel, Phones 31639, 31830 Peninsula Hotel, Phone: 57585, 97675, 57694 Hong Kong
*Trade Marka, Pon American World Aleways, Ena
PAN AMERICAN
WORLD AIRWAYS
Pan American—and ONLY Pan American-"gives you thie meer and finer air travel
Pos Amation Wild Airways, Ina, Inowrporated i
-FLY WITH THE LEADER-GO BY CLIPPER
FLY WITH THE LEADER-GO BY CLIPPER
LEADER-GO BY CLIPPER
6100 NOTICE TO CONSIGNEES NOTICE TO CONSIGNEES NOTICE TO CONSIGNEES
United Press.
London Rubber
London, Feb. 20. Pricts of rubber futures closed here today as follows: Mumber 2 rubber, April/June ****
oente per b
July/September
Buenos Aires, Feb. 20. Argentina will tomorrow an-Actual trading. remained on the October/Decembe ounce the text of her note ac- quiet side. Spot supplies to cepting the British Government's mained nominally unchanged at pound. Trade sources proposal for the resumption of $1.00 a ment and trade talks, a Foreign reported London bidding 1.87 for
--Router.
Sucess-United Press.
-United
00-14.00
Ministry spokesman said today. March ablument but with life Exchange Rates
Co's Godown at No. 2 GATE, LANCASHIRE COTTON
ALL passengers baggage must be sent to the Hongkong & Kowloon Wharf
CANTON ROAD ENTRANCE by NOON on FRIDAY the 28RD FEBRUARY.
י ידיו,
MILLS MAKE MONEY
··SPECIAL NOTE: With the exception of hand packages
Lancashire, Feb. 29. carried by passengers themselves,
Britain's cotton mills In Lancashiro made moro ALL BAGGAGE must pass through money in 1950 than in any year since 1920-21 the Wharf Co/a Godown for loading on board by ship's alinge only.
Buches w dote in the local unofficial exchange market this morning at the fallowing rates Sterling note (Def) US dollars (per (1) Indonesia
(per 100). Siam Uicals Bingapore. (Biruita) FIC plastres (per 100)
RE. "YEUCK="
18. "CHANGTE"
Arrived 18th. February, INST.
M/V "ASTTANAK" Damaged cargo ex this vinent will
Damaged carro ex this vessel will
Damaged carpo es this vessel· be surveyed by Mors. Goddard & be surveyed by Blessrs. Goddard de Dough at Hong Kong Kowloon Douglas at Hongkong Kawiben will be surveyed by Maers. Goddard
& Doug at Hol's Wharf from Wharf & GOGOR CO. LA's Godowa What from We 15 d. on Tabruary 13 and 13, 1963. From 10am on February, El and 25. 21st and :Thursday, 22nd -Fahrener, 1951, and palgmens are requested | 1931, and consigneće representatives and consignees are to have their representativno, pre- are requested to be prejem durms during the survey..
have their representatives," "prevent
wont `during⋅ the mrvey:
requested. to
Survey.
BUTTERFIELD & 'SWIRE,
February 21, 1931.
BUTTERFELD & SWIRK
Aguste Australian-Oriented' Line T4A. China Navigution Co., Ltd.
BUTTERFIELD. A SWINK,
Hongkong. February 30, 1981.
Pacific Far East Line, Inc.
"Fast Regular Trans-Pacific Service
·OVERLAND
NEW YORK-CHICAGO DETROIT-TORONTO MONTREAL AND ALL AMERICAN & CANADIAN CIETEI
15.07
3.00 $0.00 1.700 12.10
DIRECT BAN YEÀNCISCO," LOS ANGELES,
India Trade Talks
Arrives
(Salla
*2. L. LUCKENNA CIR "INDIAN BRAK“,
San Francisco Strait
Tab. 20
Feb. 21
י.
Now Delhi, Feb. 20.
*F. 9. LUCKENBACIMA An Iraqi trade delegation and dinin survey showed the average percent, compared with under the former Finance PHILIPPINE KHARA pront of planing mills was porcent for 92 companies in Lusu. Minister, Al Mumtaz, now tu EMBARKATION: Will take place on SATURDAY the
(UB) per company Tow, British textile milione New Deint, is expected begin | Groæde EU Will RA, AVOIREyref, fully equipped with modern and trade saka WINTEROVdATime Thum 24TH FEBRUARY: between 9.80; am: 375 10:40 for a compimicasso automatic machinery. The new made oficiale here AVIDATIONIS 3: KESK and 11 am,
1949,
karják Kas orament is paying part of the bill The "average dividend paid for modernising a plantamason Thedologation, arrived two during 1950 by 89 mins was 10.21 | ciated Freman, de
For
Izjakarta, Stagsporu. Celembő
“Bombær & Karachi. "Ban ·Trancisco via Kobaj Nagoya &- Yakobama: Ban -- Francisco (via: Kate
Yokohama
Yokohama iedvesma), San Franciapo via Kobu, AL
Yokohama'