Page
21
THE
CHINA "MAIL, WEDNESDAY, MARCH 21, 1951.
MESSAGERIES MARITIMES Budget Blues Little Prospect
MOM
**MEINAM”
ARRIVALS
from Japan
SAILINGS
PASSENGER/FREIGHT SERVICE
"FELIX ROUSSEL" "LA MARSEILLAISE" "LA MARSEILLAISE"
*MEINAM”
"GRANVILLE"
"CDT DORISE"
20th Mar.
to Marsellica via Manila. int Apr.
8th May to Japan
to Marseilles via Manila 19th May
FRÉIGHT BERVICE
.N. Afrios & Europe 27th Mar.
• • • • • • N.' Africa & Europe 30th Mar, ...N. Africa & Europe 28th Apr,
for
PORT SAID, TUNIS, MARSEILLES, ALGIERS ORAN, TANGIER, CASABLANCA, HAVRE, DUNKIRK, ANTWERP & ROTTERDAM,
"DOCTEUR YERSIN”
........for Saigon ...... 21 Mar.
CIE DES MESSAGERIES MARITIMES Queen's Building
Tel. 26651 (Three Lines)
MAERSK LINE
FAST FORTNIGH TLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, vis SAN FRANCISCO, LOB ANGELES AND PANAMA
NEXT SAILINGS
M.S.
LAURA MAERSK"
*M.S.
"HULDA MAERSK"
M.S. "TREIN MAERSK”
Mar. 21' Mar. 30
Apr. 14
*This vessel calls Vancouver prior to San Francisco.
ARRIVALS FROM U.S.A.
M.S. "LEXA MAERSK” ·
M.S.
M.S.
"SALLY MAERSK” "CORONA"
Apr. 22
May 8 May 15
||
In
London
Loudon, Mar. 29, British Government bonds rallied briskly on the Lon don Stock Exchange today. Issues most in demand rained up to bait a point.
Industrial shares
fored from tho Budget blues. The now national budget; due April 10, is expected to call for higher taxes and many industrials exsed.
Financial Times' Index: 119,7 Amoclated PrODE.
Drastic
Sulphur
Of Success At
Tin Conference
Washington, Mar. 20.
Consumer
Goods For RIL. Goods F
Russia
FROM EASTERN EUROPE
Officials were pessimistic today about the
Moscow, Mar. 20. In rapid succession the chances of the Washington tin talks producing-an organisation for the international allocation of Soviet Union has just con- cluded a new series of com- the world's tin production.
Representatives of Britain, the United States, marcial agreements sub- the Netherlands and Belgium held their third stantially stepping up trado with its Eastern European] Allies. meeting to day.
COTTON.
Shortage TURNING
1117
дп
to
STEADIER
de
The trade with Eastern Europe
They are attempting to agree on mensurca to regulate the world price of tin, to allocate has been varied, but the import of consumer goods seems to world production, and to set up
a committee for this purpose rank high in importance. Mos ilke the Standing Committees cow stores
want more
a
PRICE, AGREEMENT ESSENTIAL
here
today pola
and
ROYAL
INTEROCEAN
SINGAPORE JAVA PORTS and MACASSAR L“TJITJALENGKA" **
“VAN HEUT82′′ ▼ **TJIWANGI"
**TASMAN".
ARRIVALS
.sist Mar.
In Port
27th Biar.
29th Mar,
*only to Bingapore, Penang & B, Dell.
**
not calling Singapore,
MANILA, EAST & SOUTH AFRICA and SOUTH AMERICA **TJIPANAS"
TIBESAR **
"STRAAT BOENDA”
"BOISSEVAIN"
**TEGELBENG”
LINES
SAILINGS Bird.Mar.
Zlat Mar.
1st Apr.
8th Apr.
In
ARRIVALS
Port
SAILINGS
21st Mar.
Eith Biar.
27th Mar.
Bib Art.
4th Apr.
** not proceeding to B. America,
+ not calling Manlis.
JAPAN
"TJIBESAR"
"BOISSEVAIN”
"STRAAT SOENDA"
"TEGELBERG”
ARRIVALS
„22nd Mar.
.. 20th Mar.
7th Apr.
0th May
8th May
SAILINGS
8th Apr,
Agents: HOLLAND EAST ASIA LINE
" was announced FOR “ALMKERK”
Through Bs/L. Issued to Mediterranean and Northern European Porta.
now discussing in Washington stock large amounts of
Hungarian the world allocation of man- Czechoslovale ganese, cobalt and other scares textiles, for instance, which aro
with Soviet consumers, popular strategie materials
There are
many other can- It is still too early to say whe London, Mar, 20.
ther an agreement will or will sumer goods items, including not be reached eventually, but luxury goods, being imported Britain has decided
tho Easter European the prevalling view is that the from call for American help
New York, Mar. 20.
and de- requirements of the producer to meet approaching Alternate rallies
and consumer nations are very countries for sale in the stores which clines in
cotton far apart. стор new
A week ago a new Soviet- sulphur famine
The consumer
nations, Polish agreement was could dislocate industry futures over a range of $1.50 a
notably. bale ended with the market on
the
United States, nounced, providing for *K- and spread unemployment. a note of steadiness. Old crop
drastic steps for changes of goods on an increased A Board of Trade spokesman deliveries remained fastened to
⚫ EUROPE via MANILA the reduction of tin prices scale over the 1930 level. Last
and MALAYA A Soviet-Czechoslovak reported today that the nation's the ceiling of 45.39 cents
than are acceptable to the pro-
for trade chief, Mr Harold Wilson, pound with only limited deal-
those visit to Ings in May and July positions. ducer nations.
over and above in planning a flying
"LANGLEESCOT" a five- in the next fort-
for in 1951 Washington
Apart from the tightness in
by The producer nationa
feel year mutual trade night to discuss general econo- near months, traders saw littlo
agreement. A “ARENDSKERK" a Soviot-Bulgarian mle subjects-a fed which he in the news to influence prices.
day later, favourable
that the first thing to do is to Korean favour said would include the growing The
announced, 'providing and evidence of reach an agreement on a world pact was
increants over the 1950 trado shortage of vital raw materials velopments
Increasingly satisfactory rate price for un, and that tin al-
level. here.
Board of Trade-Mr of progress with soil prepara-locations cannot be made,
seeding, restrained machinery for them set up, un- and Wilson's Department is ready tions
buying, yet sellersul ülds has been done. lay
nationwide aggressive down a
There has recently rulphur ration plan if attempts were equally wary until March to go more supplies from the position goes off the
of a "buyers' strike" noon on Friday. United States fail,
States, At the start of trading, open United America provides more than
totalled suspended new in March 90.
8 percent of the world's sulphur contracts
bales down 64,500 cut It has
Hicely that other supplies.
showed
of evidence
more reasonable level,
in this series may exports to this country by a third shorts
of This action was taken by the agreements because of the stockpiling and growing uneasiness in view
coming soon. Apparently absence of
to United States because of charges be offerings rearmament.
Mr
producers the latter has been sat for sub- that tin them Sulphur is
most enable
the United stantial rises in the already im industries. It is used in rubbe; Ferry Moore, President of the were
prices. Exchange, States with exorbitant
menso exchange between Cotton
Eastern making,
the steel New York oil refining.
that
The producers' reply was that Soviet Union and its no deci Tayon production, said last week its batteries.
sions had been reached by the a higher price was necessary to European neighbours The
if they grade ores to meet the growing Conference (INC) in Washington are not completely
There rearmament.-Reuter. to allocate scarce raw materials, within the time limit.
further develop- Britain has asked many times has been no
10
The
in
an
the
Atlantle Allies recently by
For Freights and Further Particulars please apply to:-set up an International Materials
AGENTS:
JEBSEN & CO.
Pedder Building
Tel. Nos. 26661-8.
AMERICAN PRESIDENT LINES
The Globel Float
ST. GEORGE'S BLUG.
PHONE 28172/5.
S.S. PRESIDENT WILSON
will sail at NOON
on Saturday, March 24th.
for HONOLULU and SAN FRANCISCO
via Kobe and Yokohama.
Passengers are requested to board the vessel on Saturday, March 24, between 8 and 10 AM.
Baggage-room and Hold baggage will be received
in Godown No. 50 of the Hongkong & Kowloon Wharf & Godown Co., Ltd., entrance through Gate No. 2, Canton Road, Kowloon, on Thursday, March 22, and Friday, March 23, from 9 A.M. to noon and from 2 to 5 P.M.
B・O・A・C Brings
YOU THE LONG VAND THE SHORA
DEN
With three services per week by the fast direct route and two services per week by the leisurely route via Singapore and Colombo; B.O.A.C. now operates 5 ser- vices per week from Hong Kong to London. The utmost la comfort and B.O.A.C.'S traditionally attentive service ... yours when you fly by Argonaut! All arrangements can be easily made through
JARDINES AIRWAYS DEPT.
ja-10 Paddar Su Hàng
Peninsula Arcoda, Keileon'
on
or
been a
• JAPAN
An important agreement on trade exchange and payments
"LANGLEESCOT+ was signed with the People's "ALMKERK"† board at severe drop in tin orices because Democratic Republic of Ger-: "ARENDSKERK”+
(Communist East by the many which has many) on Sunday. It provides an increase in trade over stockpiling for
Spot month purchases until tin falls to a 1950,
TL
to cover.
March contra of enable the exploitation of low- xicly liquidated world demand for fin for
for more sulphur-so far without ment on that score since then. success.Associated Press.
The Census Bureau reported 1950
at 088,946 950 crop ginnings running bales against 159,000 in 1949. The market
Rubber
Markets
Inactive
with no
bales
opened then
up
1 to off 13 points,
it seesawed until late afternoon when Prices moved up irregularly to close 9 to 20
points higher.
Prices
follows:-
Spot
March
July
October
March (1952)
ענן
New York, Mar. 20. Rubber futures closed here December today 100 points higher to 100 May sales July lower, points reported. The recent reduction in Government buying ideas limited activity to a minimum in the spot markot.
today closed
1.3
49.05 nominal
HONGKONG SHARE MARKET
seems
Ger-
the
The Soviet Union is exporting raw materials, fuels and capital equipment to the East Euro- pean allies, who more and moroj have, oriented their trade to- ward Moscow, Associated Press,
Record Payroll In Steel
New York, Mar 20., Higher wage rates resulted in
of
a record monthly payroll US$245,294,000 in the iron and the steel industry in January, Ex-American Iron and Steel In-
stitute reported today.
The January payroll was up December US$10,000,000 over
Business on the Stock
the morning
Noon Tates
40.79 nominal | SHARES BUYERS BELLEES BALES and US$55,000,000 higher. than.]
45.30 bet
45.30 bid
45.29
41.00
41.12
40.06 nominal
change during totaled $300,405. were as follows:
BANKS
HK Bank XD 1300
Closing rate Merch 20.
East Asia
..
101
INSURANCES
44.01
2:00
45.30 bid
Union
900
20 700
44.45 -United Prem. NEW ORLEANS MARKET
Prices closed today as follows: Spot
Spot March
72.00
March
71.00 bid
May
$1.00 ht
July
01.00 bld.
LONDON MARKET
London, Mar. 20.
May July October
December March -United Presi
May July
(1952)
Prices of rubber futures closed)
hore today as follows:
Number rubber
in cents per ib.
April
April/Juno
July/September
October/December
6455-0315
5014-1
52-5215
United Preu.
SINGAPORE MARKET
Singapore, Mar, 20.
Prices of rubber futures closed here today as follows:- Number 1 rubber, por ib.
March April
May
Number 2 rubber,
Karch
45.39 bid
45.37 bid
41.80
41.00 - 41.10
40.93 bid
40.70 bid
40.30 bid
United Press.
Heavy Tone In
Textiles
New York, Mar. 20. The cotton Lexile market displayed a heavy tone, with of print cloths and 211-212 offerings 207-15-203-1 broadcloths in the re-sale mar 204--200-34
rallis Some increasing. kot
IS 201-201
were reported. to have offered goods for the second and third
dh 100-101
quarter without readily posing of all of the supplies.
The wool goods market was
centred quiet. Activity military orders. Celling certainties discouraged business in the civilian market. were Rayon goods
Number 3 rubbas,
Karch Number 4 rubber,
March
170-180
214-415
149-181
220-230
Spot rubber.Unbated Black crepe No. I pala crepe
-United Pres
Japan Exhausts Associated Press.
Cotton Quota
од un-
Cantor
444
Underwriters 3.10 HK Tire SILIPPING
Aala Nav
DOCKS, ETC.
K. Whart
135
70c
BO
N. P. What ——— 0.20
Dock
Provident
S'ha Dock
Wheelock
LAND, ETC.
12%
.. 11.00 12
2.75
.. 201
HK Hotel XD 3.30
Humphreys
UTILITIES
712
Tran XD 10.75 1114 C. Light (0) B.TB Electric XD 21 Telephone A INDUSTRIALS
Cement XD Rape X STORES, ETC.
Dairy ******* Daby (N) Watson XD COTTONS
10.20
2.65
in January the year before. 201320 Hourly payments
160 700 20097.50
00 @ 138
300 @ 20%
3000 8.30 1000 5.40 5000 5,50
3000 22
300 11
1500 @ 13
dull-New Wharf For
New York Sugar Futures
Now York, Mar. 20. World sugar futures closed today 1 to 3 lower, with sales totalling 80 contracts.
Auckland
Auckland, Mar, 20.
A £1,800,000 contract for the construction of a four-berth Import wharf was let by the Auckland Harbour Board today. Associated in the project are the Fletcher Construction Com- papy of Auckland, and Ray-. mond Concrete Pile Company and Merritt Chapman and Scott
The work is expected to be completed in 24" years—A$90- clated Presa.
Washington, Mar. 20. The Commerco Department announced today that Japan had exhausted its import quota of 1,863,000 bales of American cot- ton for the current crop year. Argiculture officials sald Japan
Contract No. 6 closed today could expect no new allocations until September when the Gov- unchanged to 2 lower, with ernment had the preliminary sales totailing 253 contracts,
Prices closed today, as fol-poration, both of the United
States. figures on the estimated new
Lows:- стор.
this year ex- Contract No. 4 (world) India carller hausted her quota of 200,000 bales of American cotton, Col- ten export licences for cotton exports during the past fort Contract No. night covered 5,500 bales, tho Department said. Licences dur- ing the last two weeks were issued for export of 20,079 balts to France and 12,727 bales to Germany, Licences for many, France and Japan ne- counted for about 85 per cent of the two-week total United
Press,
Japanese
May
September apot
May
July
Bpot
5,40 traded
1.40 Dia
3.40 traded 55.40
1.40 traded
B.00 bid
437 014
0.30
United Pres.
Pepper Easiness
Now York, Mar. 20. Easiness in spot supplies dominated the situation in
G-NEW YORK BANK black pepper. Nearby steamers!
QUOTATIONS
were quoted around 1.63. March shipment was quoted-at-1.63. April 1.52 and -May-1.81′′ R New York, Mar, 20. pound, all on an t-dock. basis, Closing bank quotations. One source reported that some bid, asked business was done,for May 23 shipment at between 149 *. 4141.60. United Press,
Bonds' Bank of America 2014
Strength
1
Chase, National 80% National City: .. 48802
***Associated Press.
Exchanges. In
New York, Marə 20. Among alrong spots on the foreign dollar bond ist today were Japan 6s, while Oriental Developments and Sixes Holland.
among sho
Closing faroi
stumblers. Bwitzer Strainot Others
NY
Exchange Rates
averaged US$1.93
to
workers an increase
of 21 cents from January, 1950, -Associated Press.
NOTICE TO CONSIGNEES
Consignee DOT
.. "BENVOULICI"
are hereby notifed that their cargo being discharged into the Hang- kond & Kowloon Whart & Godown Cơe-godowe, where it will be at subject to ad Cocagnees Thak the What's terms and condition of storage, and where delivery may be obtaked.
Damaged packages are to be left in the dodowns for examination by Consignees and the Company's sUT- veyors.
Carmichae And Clarke, at 10 am, on 22nd March. 1951.
то
comply with the General RegulationAL, Bonded
Warehouse Consignees must have a Revenue Officer is attendance when damaged dutiable goods are exarsided,
No daime will be admfited after the goods bave left the steamer's godowns, and all goods remaining undelivered after Zird March, 1851, will be subject to rent.
All clečina studnet the steamer must be presented to the under signed on or before 8th April, 1951, or they will not be recognised.
No Fire Insurance will be effected.
W. B. LOXLEY & CO. (CHINA) LTD.,
Agente,
Hem Line Sloemers, Ltd.
Hongkong, 17th March, 1981,
NOTICE TO CONSIGNEES
M/V *AGAPENOD"
·Pattaged cargo ex this vezeni will be surveyed at Holt's Wharf be- tween 10 am, and Noon on Maren
12 and 24, 1951, and consignors aru requested to have thigh repTORAL- tv prosent during the survey.
BUTTERFIELD &' SWIEX,
hyouts."
Hongkong, Marcis 30, 1001,
:
ARRIVALS
.23rd Mar. .18th Apr. 18th May
ARRIVALS
SAILINGS
Mid. Apr. Mid. May
Mid. Juno.
Mid, Apr. Mid. May
SAILINGS 27th Mar
24th Apr.
.Mid. June
24th May
↑ via Manils. TEEKING'S MAILBINGETETEPRONESEKZIO: 28017.
SALT HINT MAAREN ISCELL COSNARER LURADOZBIE119, 2BA
BEN LINE
FAST SERVICE TO UNITED KINGDOM
AND CONTINENT BY
S.S. "BENVORLICH"
LOADING HONGKONG 22nd MARCH
FOR
LIVERPOOL & ROTTERDAM
VLA
KOHSICHANG, STRAITS, COLOMBO, ADEN,
PORT SUDAN & PORT SAID.
W.R. LOXLEY & CO., (CHINA) LTD.
York Building.
Tel. 84165 & 88710.
S. A. C.
Every TUESDAY is SAC DAY to BANGKOK and DIRECT FLIGHT to RANGOON.
BANGKOK/PENANG & SINGAPORE ON WEDNESDAY. BANGKOK/RANGOON & CALCUTTA ON FRIDAY
For full particulars, please apply: General Agents:
Tel: 24292
SOUTH EAST ASIA TRADING CO., (SIAM) LTD,
69 Coriniaught Road, West.. Peninsula Hotel, Kowloon,
Booking Agents:
Tel: 56416
AUW PIT SENG'S. TRADING CO., LTD. 10. Pedder Street, Tel: 26733 CHIANG HUAT HONG
340 Queen's Road, West, Tel: 36204
Pacific Far East Line, Inc.
HOME
DILECT
SAN FRANCISCO, LOB ANGELES
Fast Regular Trans-Pacific Service
OVERLAND
NEW YORK-CHICAGO. DETROIT TORONTO MONTERAL AND ALL AMERICAN & CANADIAN CITIES.
Fram
ATTITES
g
"CALIFORNIA. KHAN”.
Buna, Francisco
· Mar, 20.
MS. In
2- Ikasloeng we done in the local
Herling note (ver
Indonesia aulikara i per 10))
Bingapore *- (USERISH)
#50 plastrow (pty 300)
Straits.
ott Genera Aguni, Uzlož
Dan French
San Franciaga
Yok