THE CHINA MAIL, WEDNESDAY, MARCH 7, 1951.
MESSAGERIES MARITIMES London Stocks Strong Reaction In
M&
"MEINAM"
ARRIVALS
from Japan SAILINGS
M
....................... 24th Mar,
PASSENGER/FREIGHT SERVICE
"FELIX ROUSSEL” "LA MARSEILLAISE” "LA MARSEILLAISE”
"MEINAM"
"GRANVILLE"
"CDT DORISK”
to Marseilles vis Manila at Apr. 8th May to Jupan
to Marseilles vis Manila 19th May
FREIGHT BERVICE
.N. Africa & Europe 25th Mar, N. Africs & Europe 27th Mar, .N. Africa & Europe 28th Apr,
for
PORT SAID, TUNIS, MARSEILLES, ALGIERS, ORAN, TANGIER, CASABLANCA, HAVRE, DUNKIRK, ANTWEEP & ROTTERDAM,
CIE DES MESSAGERIES MARITIMES Queen's Building
Tel. 26651 (Three Lines)
WATERMAN
STEAMSHIP EX CORPORATION
Easier
London, Mat, B.
The London Stock Ex- change was mainly easier today under the influence -of-the-recent-- downward trend in Wall Street and while awalling tonight's statement on the economio siidation by Chancellor of the Exchequer Hugh
Gatiskell
Profi-laking depressed rubbers and lins and there were widespread #mall declines. In indpstrials and gilt-edged.
Otis and minings followed the prevailing. trend.
Financial Times' Indece 121.1, of 1.3.-——Associated Press
Britain To American
Criticism Over Tin
(OUR OWN CORRESPONDENT)
London, Mar. 6.
The report of the United States Senate Preparedness Sub-com- mittee on the price of tin has led to some of the most uninhibited com- ment heard on the subject of raw materials since the Korean crisis began.
The report could not have been published at↑ a worse time. Nor could its indiscreet wording] have been better designed to provoke the already ruffled temper of British opinion in regard to the
Weakness On U.S. raw materials policy. Wall Street Continues
Now York, Mar. 6, Weakness persisted in the despite market today
alock
CORPORATION buyers Hlaing General Motors
MOBILE ALA USA
WATERMAN LINE EXPRESS
FREIGHT SERVICE
FROM US. ATLANTIC COAST VIA JAPAN
1. "KYBEA"
Due about..... 21st Mar.
DIRECT FOR
NEW YORK, BALTIMORE & PHILADELPHIA VIA JAPAN & HONOLULU."
1. "KYSKA”
1951
Sails about.... 22nd 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 & PHILADELPHIA, vis SAN FRANCISCO, LOS ANGELES AND PANAMA
NEXT SAILINGS
M.S.-LAURA-MAERSK”
M.S. "HULDA MAERSK"
M.S.. ""TREIN MAERSK❞
.
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”
and
Packard. These stocks stood out on the
the up-side as result of carnings and orders.
The remainder of the market withi the narrowly sagged
WIN heaviest losses barely reaching a dollar. Volume of trading was again small at 1,500,000 shares.
Rails as a group did fairly well in early trading and later still turned in a better performance than the market as a whole.
U.S. Government securities in
market over-the-counter were affected by the US. Trea- sury's new interest rate policy. The 2% percent bank eligibles of 1907-72 sold off as much as 10/32 of a point. Offerings were heavy, but actual sales were Hight. The rest of the Govern- ment market was steady. The corporate
bond market WIS slightly lower.
the
The curb market was narrowly mixed with trading netive.
Dow Jones averages:
Stocks
20 Industrials
15 Rails
10 Utilities
Its criticism of Eastern producers and its im- plied threat to free markets do not meet favour in a country which is virtually starved of raw materials
some of the most important of which American origin.
་
HONGKONG
SHARE MARKET
on the
·
and noon Ds follow; QUARES BUYERS SELLERS BALES BANKS
XK Bank .. 1500 XD East Ant
aro
of
Slump In American
Silk Stocks
bales of
New York, Mar. 0. Government
badly Raw silk on hand at the end? shaken by the adverse yote in the Commons on Friday on she of February slumped to 0,018 private member's meilon criticis-bales, including 35 ing them for their failure to Japanese silk on the pier, com- build up a stockpile of strategic pared with 8,125 bales on Jan commodities. It is now an open 31, the American Silk Council
21 reported today.
secret that Government
worried about seriously materials shortages and Mr Hugh Gaitskell,
Chancellor of the Exchequer, is due to go on the
with
Not sur-
Of the stock on hand, Japanese silk represented 4,408 baler;
The
air tonight to explain the effects China 2,354 bales and Italy 151 tho special bales. Stocks on hand in The volume of business of rearmament transacted
reference to these shortages. Stock Ex-
same month of last year were change this morning was $227, that the Senate Sub-committee's received during February 3,300 It was against this background 8,356 bales. Or 4,020 bales 059.80. The half day's business report was received.
closing prices were prisingly, therefore, comment on bales were from Japan 620 from
me China and 95 from Italy. [it has not been on - the same Polite level as recent discussions total compared with 4,079 bales on this problem. If one or two received during January and painful home truths" have been 4,464 bales during February last uttered
is not to be year. wondered at.
Total imports in this year were The Financial Times, which is usually restrained in its com 8,103 bales, compared with 10,118 nent
when Angio-American reales in the come period of last lations are in danger, today fires year-United Press, 300 a 13.45 all its big Juns in defence of tin 500 @ 13.50 producers. It says, "the Mala-
INSURANCES
Canton
Union
Underwriters DOCKS, ETC..
K. Whart N. P. Whart
101
755
070
10 @ 200
3.10
Dock ....... 1334
Provident... 21% Shal Dock 2.09 Wheelock 1034 3.08 Yangiares... LAND, ETC.
93.01
251.55
HK Hotel
$4.00
IIK Land
43.41
-Associated Press.
The Rubber
Markets
New York, Mar. 6.
closed today Rubber futures 100 points higher to 100 points lower, with sales of 0 contracts for May delivery at 70 cents a pound. In the spot market. dealers reported that the Gov ernment had obtained fair quantities of rubber from Slam and Indonesia.
Prices closed today 48 follow-
S'PORE MARKET
13.00
13.00 bid
S'hat Land Humphreys UTILITIES
Tram XD
•
Star Ferry..
C. Light (0)
C. Light (N) C. Light
B.55 XD
600 à 38 1.35 1.48 3000 @ 1.42
8 XD
to yan answer
the report is that "in the first place the producers do not and cannot control the price of tin; secondly since the war that producilon has
the maximum beon at possible; thirdly that American themselves largely buyers are responsible for the present price; and finally that since the Ameri cans would not agree
on the 5.50 scheme for control Inst Novem
ber mey have the couse to complain now.”
11% 1000 116
11
6:10 000 @ 6 3.76
B. Share 5.00
Electric XD INDUSTRIALS
Rope XD... STORES, ETC.
Dalry ..........
5.70 233
1500 5.70 2315 200 2314
124
13 1331⁄2 5000 @ 13 1400, 13
400 @ 13 700 23 500 13.25
200 @ 12 2000 61134 000113
18 300 171)
Dairy (X) Watson
.. 11
XD
Crawford
2.70
COTTONS
Ewo
2007
1000 ✪ 173
NEW YORK BANK QUOTATIONS
New York, Mar. 6. Closing bank quotations; Bank of
26% bid, 264
Spot
March
Mar. 16.
May
68.00 bld
July
03.09 bia
Mar 30
Unlied Press.
Apr. 14
Singapore, Mar 0. Prices of rubber futures closed
hore today as follows:-m
America
Number 1 rubber. bar ib.
March
April
22535
Chase
National
Mar. 14
May
Mar. 23
Apr. 21
Number 2 rubber, March Number 3 rubber, March.. Number 4 rubber, March Spot rubber unbaled Black crepe ........
220-221 210-220
300-207
National City
106-197
2295734
asked 48% bid, 50% asked -Associated Press.
*
163-185
230-235
For Freights and Further Particulars please apply to:- No. 1 pale crepe ......
AGENTS:
JEBSEN & CO.
Pedder Building
Tel. Nos. 26661-8.
Fly CAT
REGULAR SERVICES
in association with other carriers
--Ünited Pick. LONDON MARKET
London, Mar. 0. Prices of rubber futures closed here today as follows:--- Number 1 rubber, in cents
Der ib. April
April/June Juty/Beptember
October/Dececabar
naked
30% bld. 41%
TALKS PREJUDICKD An International tin
COD- ference foreshadowed 'by your correspondent some time ago will be brought a step nearer at a preliminary meeting due to open at Washington on March 14 to discuss the proposal for a tin The success commodity group.
of this meeting must, however, be prejudiced by the remarks of the Senate Sub-committee and by the fact that an international tin conference at Geneva last November failed because of the attitude towards international control.
American
_The_Financial Timos makes a pointed reference to this in its cultorial this morning. It says the report of the Sub-committee will hardly sweeten the atmosphere for the preliminary
R.I.L.
ROYAL
INTEROCEAN
• SINGAPORE JAVA - PORTS and MACASSAR
"TASMAN" •
"TJITJALENGKA" **
*VAN HEUTS2" **
"TJIWANGI"
ARRIVALS
In Port ..........16th Msg.
27th Mar,
* only to Bingapore, Penang & D. Dell.
**
not calling Singapore.
• MANILA, EAST. &
* SOUTH AFRICA and
SOUTH AMERICA "TJISADANE” ↑
"TJIPANAS"
"TJIBESAR" **
"BOISSEVAIN"
"STRAAT SOENDA”
In
ARRIVALS Port
LINES
·SAILINGS.
7th Bour. 18th Mar
SAILINGS Yth Mar 19th Mar,
28th Mar
In Port
5th Apr.
** not proceeding to fl. Americs.
† nos calling Manila.
• JAPAN
"TJIPANAS?
"TJIBEBAR" "BOISSEVAINT
"VAN HEUTSZ”
"STRAAT SOENDA"
į..
ARRIVALS
14th Mar, «201** Bar.
24th Mar.
SAILINGS
18th Mar.
4th, Apr.
20th Mar.
Agents: HOLLAND EAST ASIA LINE
EUROPE via MANILA
and MALAYA
"AAGTEKERA”
"ALMKERK"
"LANGLEESCOT"
Through B#/L. larped to Mediterranean and Northern Europesa Porta.
JAPAN
"AAGTEKERE” + "ALMKERK" + “LANGLEESCOT”
✦ via Manila,
ARRIVALS
SAILINGS 18th Mar.
20th Mar, Mid. APT.
End wack Apr.
ARRIVALS ..12th Mar. ...........2nd week Apr. May
SAILINGS
26th Mar. Mid, AUF.
RING'S BUJEDINCZELCEDONISEQUENZAROTE
| SZERHANNELAGENORISAL LOANMOBLE MAKEOUSING AD
ISBRANDTSEN
Understanding between nations and peoples, fostered by the bonds of industry and commerce--the necessary flow of goods that keeps the wheels turning all over the world-is basic to peace.
It is our fervent hope-one which we believe is almost universally shared that the statesmen on both sides of any and all existing disputes and misunderstandings will get together and set things to rights. We still hold to the view that mutual trade does most to promote friendship and understanding between nations and peoples, and that we, as business men, should argue that point wherever and whenever we can:- Isbrandtsen
INDEPENDENT
!
DEPENDABLE
Fast Direct Sallings to JAPAN and
WEST COAST-U.S.A.—EAST COAST
meeting..... at least, however, with transhipment cargo accepted for Jamaica, Havana and other Cuban Ports, it has brought out into the open the issues that the committee will-have to face."
As it was precisely those samo issues which caused the last liternational in conference to break down, hopes for a success.. ful agreement now must recedo
tone of the 'oflelal American re- part
Exchange Rates as stilt of the provocative
Business was done in the focal uncficial, exchange market this moralby: at the folowing Fric 72-4-23-14 69-14-54
15.55 Sterling noto (ver 2) 65+67
deuts U.S. dollars (për $1)
Indonesia guilders (per 100)
35-14
Riam teal (per 100)
tiominal -United Press.
Singapore (Straits),
FIC plastres (per 100)
East Germany Big
Supplier
Of
HONGKONG – TAIPEH-TOKYO Communist China
€46-DC-3-DC4 Aircraft
Monday Tuesday Wednesday
Thursday. Friday
Arstra
LARVO
Arrive
Leipzig, Mar. 6. Communist East Germany is second only to HONGKONG TAIKE TAIKH HONGKONG the Soviet Union as supplier of Communist China,
08:00 11:80 12:15 15:46
it was announced here today. 18:00 16:00 09:00 12:00 18:00. 16:00 09:00 12:00 '08:00 11:80 12:15 16:46 18:00. 16:00 09:00 12:00 08:00 11:80 12:16 18:45
Grain Prices In Chicago
Chicago, Mar, 6..
Prices of grain futures closed
here today as follows
Wheat fries par inabal
Spot
1.42
March
うー
May
July
September
December
2,03/2011
Corn
Spot
March
1.763
·MAY
December
July September
1.77.
By
Ma
1.854-1.08
July
Date March New
George, Handtke, Minister of Foreign Trade for the East German Government, told a Prèss 13.10. conference, "We follow the Soviet Union in trade with the People's Republic of China as a result of Express Skymaster Service At Reduced Ratos our trade agreement."
Saturday
TAIPEH
0036
Flour-per 200 155, sack.
Cotton Trading
To Resume
tho
p.m.,
and other Eastern Even bigger exports would be China sent to both China and the Bo-European States. Leave
Arrive
Nonetheless, ho viet Union in the next year al-
ropeatedly
New York, Mar. 6. HONGKONG 17:00 Mon., Fri
20:00 Mon, FL though he lambasted the West demanded that trade between
The Board of Managers of
Now York Cotton TÀIFER 22:00 Mon, Fr. ТОКХО 00:20 Turn, Sut, German Republic and "Ameri East and West Germany he
can imperialists for proventing restored: At the same time. He change
declared that the West
decided today ✅ to re- TOKYO 20:30 Tuts. Bat. ТАРКИ 02:44 Wod, Bun. inter German trade.
bach West Would same trading in cotton futures Hondike said a largo Chinese bave
to
"at 1800 hrs, GMT (11 HONGKONG 07:00 Wed., Bupations in Leipzig for the principle of our trade polley Hongkong time) on Thursday. TAPEU 04:15 Wed., Bar.
Fair which opened! on Monday that tindo depended jüpen 2. Trading fhraw cotton Was SPECIAL EXCURSION RATES
to negellate further exchanges which nation the East Germans suspended in January following and that the Arst ship' bearing considered friendly wife said
the Imposition of the Governs cargo from China for East Ger Russia and China are on his ment wage and price tracks. **** many had arrived at Antwerp Int inst Week and was on route Industrial minces reported United Press,
Handke
not give any that the orhnary mast German any exports to China included ma= figures: on East German exe tools and agricultural mas centage barta
CIVIL AIR TRANSPORT
Booking Offices!
PENINSULA ARCADE. KOWLOON. Tel: 58758 CHINA
SERVICE,
Road. C.
the thakalutyan Ortinmay exports had been-stren an assignment to
Wheat Quotation
"Winnipeg" NOTIK
"mmit ""countrie
day
also Venezuela, at
COMPETITIVE RATES OF FREIGHT:
DUE FROM:
s.s. "FLYING, INDEPENDENT” New York vin
Manila. Third Weok 01 March.
SAILS. FOR:
Kobe, Nagoya,;` Yokohama, San Francisco, Los Angeles, New
Baltimore, - York, Philadelphia,
MOJPOSI
Panama Canal: · Third Wook of March,
LIMITED PASSENGER ACCOMMODATION AVAILABLE
Above Dates Subject to Change
For Information Apply to:
A.P. PATTISON & CO., INC.
GENERAL AGENTS: CHINA, FORMOSA, KOREA, JAPAN AND HONGKONG.
12-14 Queen's Road Central 4th Floor.
Tel: 25846
CHINESE AGENTS:
OVERSEA CHINESE STEAMSHIP CO.,
48 Bonham Strand West, 1st Floor.
LTD.
Tela: 20127 & 81119,
Pacific Far East Line, Inc.
Fast Regular Terns-Pacifio Service
LOVERLAND BOARD DETROIT- MONTERALS AND "ARL AMIBIGAN: W.GAM
SAN FRANCISCO, LOS ANGELES
Утоя
Mat
Mar. 16
3. LUCKENBACI