THE CHINA MAIL, TUESDAY, MARCH 27, 1951.
MESSAGERIES MARITIMES Israel Fights ANTI-TRUST SUIT
M
*MEINAM"
***GRANVILLE“
ARRIVALS
from Japan
from Japan
SAILINGS
M
PASSENGER/FREIGHT SERVICE-
"FELDX ROUSSEL" "LA MARSEILLAISE" "LA MARSEILLAISE"
to Marrellico via Manila to Japan
28th Mar, 30th Mar.
4th Apr. 8th May to Marsellies via Manila 19th May.
FREIGHT SERVICE
"MEINAM"
"GRANVILLE"
"CET DORISE”-
N. Africa & Europe 29th Xtar. N. Africa & Europe 1st Apr, N. Africa & Europe 8th May for
PORT SAID, TUNIS, MARSEILLES, ALGIERS, ORAN, TANGIER, CASABLANCA, HAVRE, DUNKIRK, ANTWERP & ROTTERDAM.
CIE DES MESSAGERIES MARITIMES- Queen's Building
Tel. 26651 (Three Lines)
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHILA, vis SAN FRANCISCO, LOS ANGELES AND PANAMA
NEXT SAILINGS
*M.S.
"HULDA MAERSK"
M.S. "TREIN MAERSK"
M.S. "PETER MAERSK"
Mar. 30
Apr. 18
Apr. 29
This vessel calls Vancouver prior to San Francisco.
ARRIVALS FROM U.S.A.
M.S. "LEXA MAERSK”
M.S. "SALLY MAERSK"
M.S.. "CORONA"
Apr. 22
May 8
May 15
Inflation
Tel-Aviv, Mar, 20. "The free buying and selling of gold coinage will be prohibited throughout Israel, the Vinative -Minis ber, Mr Eliser Kaplan, an- nounced in Parlament in Jerusion this afternoon.
Mr Kaplan declared in budget speech that the Government plan to re- gister all gold coinnce-in
+1
the country and exchange
貔
dollar-gmaran: ngat
teed State securities.
ühle Experis describe new messure, which is ex- pected to be introduced Into Parliament tonight, an a necessary move against Inflation-Associated Press,
BIG BREAK IN COTTON MARKET
New York, Mar. 26. Now crop cotton futures to- day slumped almost $4 a bale!
break inco in the sharpest
trading was resumed a little more than two weeks ago. Bulls
retreated in some disorder
30,
24
Nearby 45.-
BROUGHT AGAINST R.I.L.
THE FORD COMPANY
New York, Mar. 26.
Counsel for Mr Harry Ferguson, British inventor of the Ferguson "tractor, said today that the Ford Motor Company and Dearborn Motors
Corporation conspired virtually to destroy the Ferguson Company.
Counsel, Mr John Sonnett, said the conspiracy | started after its inventor had refused to enter an agreement in November 1946 giving the Ford Company 70 percent control of the Ferguson Company.
He was speaking at the opening of a US$341,- 600,000 anti-trust suit against Ford brought by Mr
Harry Ferguson.
Wall St. Has Mixed Session
much sa US$2 a share.
Transfers shares.
totalled 1,230,000
New York. Mar. 20. Leading stocks registered after
a shaky start.
narrow price advances in lato July delivery went under
the ceiling price, for the trading today. The market was well mixed much of the session, That first time in the week.
Aircrafts and rails were ahead had psychological event reaction.
Another significant most of the day and when alr- and other selected factor was the dislodgement of few more offerings in Mar de favourites showed some demand, timid upturn got under way. ivery at the limit price.
Although most gains were Bearish factors included hopes fractional, a few ranged to as
In Korea, for an early truce week-end
the Blo rains in Grande Valley of Texas which are expected to be especially beneficial for the new crop and
of sinckening Aircraft, United Airlines, Lock multiplying signs in civilian demand for cotton heed, Transworld Airlines, Union
Extremists
mists Pacific, Texas Company, Ameri the urgent can Cyanumid, Zenith Radio, buying military
might Baltimore and Ohio, American abate if the international poli- blers included Sinclair tical tension should ease.
Dodge, oil, Phelps The price control plcture in Washington also appears
more Chemieni,
Dow Jones Averages: affair. While the formidable cotton farm bloc Stocks was always fighting to free cot 20 Industrials
pinter
fabrics.
out that
also
For Freights and Further Particulars please apply to:-of a two-sided
AGENTS:
JEBSEN & CO.
Pedder Building
Gainers included
ton from controls, some officials 16 Railroads reported clamour for tougher 10 Utilities controls over farm prices.
Prices closed today as follows;
Tel. Nos. 26661-3
Spot
May
July
October
December
March (1952)
May
July
US Steel Output Equals That Of
Europe And Russia
!
Geneva, Mar. 26.
The United States produced as much steel in 1950 as all of Europe, including the Soviet Union,
40.00 nominai
44.36
40.76-40.78 bid
40.27-40.29
40.12 nominal
40.02
39.45 -United Press.
..
NEW ORLEANS MARKET
Spot
May
July
October
December
March (1932) May July
Closing rate
43.39
March 20.
44.01
45.30 bid
40.73
40.20
40.00 bld
Douglas
Mr Sonnett mid Mr Ferguson sealed with a handshake in 1039_n agreement with Henry Ford Senior whereby the Ford Company supplied facilities for the manufacture of the Fergu- son tractor".
Ko added that under the agreement Mr Ferguson distri- buted the tractor through dealer system.
HONGKONG SHARE MARKET
BROYAL
INTEROCEAN.
• SINGAPORE JAVA PORTS and MACASSAR
**TJITJALENGKA” •• "TJIWANGI.
"TASMAN"-a
"VAN HEITSZI
ARRIVALS
In Port 1st Apr...
28th Mar,
.15th Apr.
* only to Singapore, Penaur-&-1,-Dell.
not calling Singapore,
• MANILA, EAST & SOUTH AFRICA and SOUTH AMERICA "BOISSEVAIN”
"STRAAT SOENDA” ......
"TEGELBERG“
ARRIVALS
itli Apr.
** not proceeding to B. America.
Business on the Stock Ex~~• JAPAN. change during the morning rates totalled. $64,875.79 Noon wore an follows:- SHARES BUYERS SELLERS BALES
BANKS
Bank... 1510
INSURANCES
Canton KT
238
B
100 Union.............. Underwriters 0.10 HK Fire SHIPPING
1.30
100
Provident
DOCKS, ETC.
K. Whart XD: m N. Pt. Dock........ 233; 1,00
6.10
12
Agricultural implements for the tractor, built to Mr Fer- were guson's specifications,
a mumber of manufactured by companies and an agricultural implement attached to it be came a component part of the tractor,
Mr. Sonnott said: "In 1938 Henry Ford realised this was the answer to the problem of and sales tractor manufacture began the following year."
The tractor was so successful that in 1946 alone the company worth of and received orders did US$79,000,000 business
worth $125,000,000.
"A CONSPIRACY” Mr Sennett alleged that after enter Mr Ferguson refused 20
in 1948 with Allied an agreement
Henry Ford II, the Ford-Com- Motors and Dearborn pany 91,57 entered B nve-headed 249.13 spiracy. This was:
80.01
con-
S'hi Dock
Wheelock ... 219%
LAND, ETC.
"BOISSE VAIN"
"STRAAT BOENDA”
"TEGELBERG”
ARRIVALS
-28th Mar,
7th Apr,
6th May
LINES
SAILINGS Tih Mar. 5th Apr 8th Apr.
24th Apr.
SAILINGS 20th Mar, 9th Apr.
8th May
SAILINGS
Oh Apr.
Agents: HOLLAND EAST ASIA LINE
⚫ EUROPE via MANILA
and MALAYA
"ALMKERK” "LANGLEESCOT""
"ARENDSKERK”
Through Ba/L
Mediterranean and Northern
European Forts.
• JAPAN
"ALMKERK"> "LANGLEESCOT
lasted
10
ARRIVALS
In Port .18th Apr. 18th May
SAILINGS
Mid, Apr. Mia. May
Mid, June.
SAILINGS
29th Mar.
ARRIVALS
Mid. Apr. .Mid, May
24th Apr,
.Mid. Jube
128
† via Banjis
112 T
2000 5.60 "ARENDSKERK
Kotel KD 0% 5.70 400035
HK Land XD 331 Shai Land. Humphreys.
UTILITIES
Tram
Star Ferry
11:20 11.00 300 11.30
C, Light (0) 5.35
C. Light (N)
C. Light (Bon)
Electri
***** 5.40
.....2*34
Telephone -9.35 INDUSTRIALS
Cement
Поре STORES, ETC.
Dakry
Dairy (Now)
Crawford
Watson
42.94
the 1. To take
inventor's technical and engineering ideas.
2. To destroy his source supply for agricultural imple- ments.
L+ COTTONS
*wo
of
Associated Press.
Softening
In Demand
For Cars
Detroit, Mar. 26. A softening. In demand for new and used cars is reported by Automotive News,
3. To take over the Ferguson
distributive Company's
dealer organisation.
and
4. To try to destroy, the Fer- guson Company by imposing on the dealers a condition that they do business with no longer Ferguson Company and,
5. To undermine the financing of Ferguson's own manufactur- ing plant.
The trial is expected to
10.2
1.69
500
5.00
000 @ 3.40
1.50
8 88 3E88
to cate
9.50
1500 1335
Quiet Day In Cotton Textile
The
Market
Now York, Mar, 20. cotton textile market
was quiet,. Increased offerings last of re-sale goods continued to impart weakness to the price The suit, filed in January, structure Buyer Intercat
The trade paper, Boya, how- that the decline is regard- 39B3-bid EVET 39.54 bided in most quarters to a transi-three months. United Prem, tory problem.
Futures
the
in
Automotive News reported 1948, charged conspiracy in the lighter weight print cloths
violation of the anti-trust laws, was small.
and it infringement of patents
varying opinions among dealers covered by
Some reported
Of prospective shortage new cars will tend to keep demand high. They also reported dealer stocks at low levels.....................
combined, according to estimates of the United New York Sugar survey. Nations Economic Commission for Europe (ECE). The Commission said in its quarterly survey that the total 1950 steel output of westernTM and eastern Europe was between 84,780,000 and 88,280,- 000 metric tons.
Steel production in the United States in 1950 totalled 87,723,000 metric tons, but last year the United States turned out steel at an annual rate of $1,004,000 metric tons,
According to the ECE survey, European steel production out- side Russia totalled an estimated 60,680,000 metric tons last year. This is 10 per cent more than production in 1940.
The Commission estimated on statistics the basis of Russian
Big Budget Surplus In America
Washington, Mar. 26. The Government's bud- surplus for this fiscal nine now nearly
get
that steel output in the Soviet Union
for 1050 varied from
tons to 27,600,000 year;
24,100,000
tons, United Press?
SATELLITE OUTPUT
Geneva, Mar. 26.
New York, Mar. 28.
futures World sugar today unchanged Jower. with sales contracts.
that
the new
car
attempted seizure of Ferguson's business. Associated Press.
POLITICAL
Others, the trade paper sald, SYRIAN closed reported to 3 points
totalling market has been oversold and Spring demand at least partially filed already, These sources also said the public is not con- vinced that new car production will decline and added that re-
сот possessions. by Anance panies have started to increase.
Associated Press,
Contract No. 6 closed today 3 to lower, with sales totalling 45 contracts.
closed Prices follows:-
today as
Contract No. 4 (world) May
July
September
Spot
6.47 bi4 549 bid 5.49 bla
5.50
Contract No. 6 May July September Spot
6.39 bid 9.51 bld 8.30 bid 5.35
United Press.
months old, has risen above EXCHANGE RATES
US$4,000,000,000.
The Treasury reported today
that a continued heavy pile-up
:
Grain Prices
In Chicago
Chicago, Mar, 26. Prices of grain futures closed here today as follows
Wheat-price per bushel Spot
IN NY New-York, Mar, 26. Kay
foreign
exchange July
December the surplus to US$4,048,338,000 (Britain in dollars, others in September with for the July 1-March 22 period.
Corn That contrasts with a defeit of
The Western countries pro- duced 139,870,000 tons of crude
steel in 1950 compared 32.288,000 tons by
the
of income tax payments pushed
the Soviet US$1,709,850,000 in the corres- Union and her five steel Poponding part of last year, which direing allies, according to quarterly Bulletin of the United ended more than US$3,000,000,- Nations Econcenie Commission 000 in the red.
for. Europe published here today.
President Harry Truman in A US$2,700,- Of the
Wertera total the January forecast United States produced 87,723,000 900,000 dallcit for this fiscal year, tons and West Europe 51,047,000 but the picture has improved so
tons.
much that some officials say privately that a small surplus is
closing
cents):
Canadien
Britain
Belzium
France
Holland
Italy
Portugal
Sweden Switzerland Argentina
Brazil Mexico Venezuela
Hongkong steel
The Soviet Union's production for 1950 was esti-
mated by Commission officials at
a possibilityAssociated Press.
• TREABODY POSITION
Washington, Mar. 20.
2,48 24014-32 *2.435
2441,-245 2.43%
1.7934
1.00%-31⁄2
1.8014 1.85-4-
95.314
2.80 Spot 1.08
0.281
0.181
May July Beptember December
1.774-36 1.791- 1.77
mya
May
19,37
July
23.18
Oris
May
5.20 11.57
July
30.03 17.00 -Azschted Press.
8746-32 Now York Tourer 200 sack. $15.10-United Frew.
24,100,000 tons and the combined Treasury position on March 22 NEW YORK RUBBERİ
production of Czechoslovakia, compared with corresponding Ensterza Germany, Hungary, date a year ago: Poland and Rumania at 8,188,- Total debt: US$254,836,604,328.15
.000 tont
FUTURES
Pepper
Marks
GATL
Market
Time
CRISIS
Damascus, Mar. 26. The Syrian Defence Ministry
啦 Issued denial of tonight rumours that the Syrian Army was interfering in the country'ı policy.
The denial followed the failure last night of Nazil el Kudst Bey to form a new Cabinet when Colonel Fawzi nominated 49 Defence Seld, Minister, was reported to have refused to co-operate. He held the same post in the old Gov- ernment.
The Defence Ministry's state. ment warned the public against Bring "misleading TUNDUTS" frcan "ambiguous
statements" sttributed to responsible people, alleging that it was impossible to reveal the reasons for the present political crisis.
FUTILOUTE
*
The wool goods market was
reported steady. Kaisers increased demand for blended fabrics, reflecting the high cost of wool,
The rayon goods market was enry, reflecting the lack of con
finished verted demand. With goods stocks substantial, some dealers thought that mills may have to curtail their production rate of goods unless there is |some-unforeseen sharp increase in the present tempo of military demand for cloth.-Associated Press.
Paris Strike
Persists
Paris, Mar. 20.
The French Government today made a fresh effort to end the 11-day-old Parla underground and bus strike.
t
24th May
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The Strike Committee early today turned down proposals for
monthly
wage SAB BERVES 18 European Countries and N. 9. America. a 1,450-franc increase-less than a quarter of
Agents: THORESEN & CO. LTD. Tel: 81241/2/8. the 6,000 france the strikers are Baking.
Proposal SCANDINAVIAN AIRLINES S
Now Government reached the Committee at mid-| Government re-day and it was due to meet again
tonight.
The Syrian signed on March 9 after report ed differences within the Coali-
The Minister of Transport, M. tion Cabinet over the control of the police and gartnerie. Antoine Pinay said today he hoped the strike would be patiled The statement said that the by. Wednesday "at the latest."
denized to werd weaken national confidence in There were 68 underground the army and to convince the trains running at midday today. usual boilday public that the army's policy about half the Now York, Mar. 20. New York, Mar. 26. The largest producers among A year ago: US$255,931,409,024.20
Rubber Yutures today closed Holiday conditions continued was inspired by a foreita com-number-and 12 buses. Reuter. the Communitat atellite coun- Gold nascis: US421,850,003,093.78 unchanged to 300 points higher, in the black pepper market, try (France).
and
It 115424,870,720,241.68 with sales totaling 7 contracta Traders marked time, awaiting tries for 1950 ware Czecho- estimated with n slovakia
March delivery row to 83 cents further news from India niong a pound, within one cent of the with Korean and price control Syrian army had objected to Exchange Rates
the 2,943,000 tons and Poland with
nationalisation of foreig calling price, an covering before
One dealer de companies in Syria as being 2,510,000 tons according to the
the poaltions expires on Wonwooed the "ituation by harmful to the countries (con- Junoticial exchange market Bulletin-Reuter,
day. The outside spot market that the moot material whe hot and
Downward Drift
In Bonds
and
Associated Prem.
Jap
Request
To U.S.
New York, Mar. 26, Japan is reported to be plan- ning to ask the United States fe a number of important raw materials. A Japancto mission
ruled quid. Prices closed today cold daily. Spot as follows:
25.00 nominal quoted at between $1,30 1.30 Spot March May Ju
64.00 4800
50,00 vid
500 bid ---Uplied Press.
la exported to go to Washing NEW YORK BANK
It is understood the
The mission
New York, Mar. 20. Foreign, data bonds drifted s001. downward in light dealings to- day, will servern Jeponces will offer, Japanese exports of
milphur and possibly Samion, aicing, thig Jowers, :
Power 84 tungsten, and request 100,000
home
AIGI KUJIWWII Mäcubric: Power tone of mitigances : ore" and points 20,000 tons of copper ore Dhia
Gov-auall amounts of kingsk ernment €1⁄4ás, dropped: 11⁄2 minhas nickel and cobalt.
QUOTATIONS
A New York, Mar. 28. Closing bankc
cerned.
denied rumours that the
It also denied that the army a pound, March aloment at had objected to Syria taking
April and Mayat 1.00 part in the Arab League' June at 185, July at 1.58, and moves over French Morocco, August 1.53 a pound, all on an
It further denied that the of dock_bials United Press.
army had interfered to impoen a. spécifié policy on measures to defend Middio Rástern com tries so that there were secret agrementar between Byrian
Boeing Profit
twion
1919 ce
this
Business was done in the local morning at the following sates:-
Sterling nate (per 21) UA. dollare four $1) „Indonesia gildern (per 100)..
@apticale (per 100)
3. Dintipore {štrults)
#3d plastral ((per 100)
Copra Offers
Now York, Mar, 2010
Any ouders and fasten : Cope we offered $280
ruch
par 1 CITY the Pavide Const
| and cocoanut ott was, quidbed^at
21 cents entred FOJ, miške.
No business was reported zine
Of 631 experienced
‚B.Ö.A.C. pilots,
over 130 have logged over a million miles,
SYSTEM
seventeen have more than doubled
1 APM; 1
that, and one has flown
more than three million miles
-equal to 120 times.
around the world.
·TARES GOOD CARE OF TOU
FLY BOAC
TATION.