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from Marseilles
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4th Apr,
Lo Marseilles vla Manliä ~5th Apr, to Japan
Bih May to Marseilles via Manila 19th May
FREIGHT SERVICE
N. Africa & Europe 20th Mar. N, Africa & Europe 1st Apr. ..N. Africa & Europe 8th May for
PORT BAID, TUNIS, MARSEILLES, ALGIERS, ORAN. TANGIER, CASABLANCA, HAVRE, DUNKIRK, ANTWERP & ROTTERDAM.
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THE CHINA MAIL, THURSDAY, MARCH 29, 1951.
-
Holland Asks INTERNATIONAL TIN TALKS
Dollar Aid
The Hague, Mar. 28. Holland today
for American dollar ald to finance her switch from elvil to milliary produc ifan-and-to help-civil-pro- duolion.
talks
Dutch-American have begun here concern. ing what will be the effect In The Netherlands at the end of. Marshall Plan ald,
Dutch submitted a The plan for selling part of Holland's antic
t's military produs." to
Pack partners agalusi dollar payment, and for purchas- ing raw materials, against payment in soft currencies, --Associated Press.
tton
HONGKONG SHARE MARKET
Business OD
during the change toinlled $240,000. Noon were as follows:
BANKS
I
NOT EXPECTED TO RESULT R.J.L.
IN AGREEMENT
Official
Washington, Mar. 28. sources stated today that, the Washington tin talks were expected to break up: tonight without producing any agreement for the international control of the price and allocation of this strategically important metal.
They sild that unleas last-minute agreement Was reached at meetings being held throughout the day the repro- sentatives of the producer and
involved consumer nations the United States, Britain, Bel- the Netherlands and In- Would be only able to report to their Governments a summary of the positions which they
have cach separately taken,
U.S. Social
Wall St. Takes A
Pounding
New York, Mar. 28. Prices gave way today in the stock market under]
Social moderately heavy selling.
Security Collections
| A faint rally was cut short}
by the close.
Extreme losses went to around three dollain a staré, and one- and two-dollar ethicks were frequent, among, the leaders,
Washington, Mar. 28, A fund of more than $7,160,- | the.
for
sild
payment of un- NE PORN REDEW
Hallroddy took the Worst pounding. Steele and ralls suf- fered as well.
Brokerage houses took note of It had been hoped when the conference opened on March 14
Brst, broadcast by that. a
had preliminary agreement 000,000
reached he
looking employment benefits has been conferred soc
secretly with top might
the Social United Nations commandere near towards a scheme for the in-built up under the Stock Externational allocation of tin Security programme since its the front in Korea and also had
In start
Government a private talk with the American 1030. morning between the nations of the free
rates work
Ambassador to South Korea. id today. Officials said that the major/aking into account more than!
As one house explained, such Д development had to be con- SNARES DUYERS BELLERS SALES/ stumbling block had been the| 5035,000,000 in a charp fund for
refusal of the United States, railroad workers, Treasury realdered a factor in Wall Street chie! consuming nation, to cords showed, there was op nervousness over the possibility
a basic world price
proximately $7,800,000,000 avali agree to
Д quick end to the Korean the pro-able at the start of this month
fighting. for in proposed by 00 @ 700ducer raons.
In help cushion the shock of job The producer nations
were loss for
American workers. That amount represents the New York Central, Union Pack- themselves agreed on a price
necumulated which they regarded as reason-
of un-fle, American Telephone, U.S. CXC059 able but the United States re-
employment
compensation
Studebaker, or garded this as too high.
tax collect
collections over actual
bay- There had been hope at one
benefits dur ments of
nn one of the talks time
In the Course DI that
an interim agreement lasting 1500 5.00 for one year only might have been reached but the differences between producer an
and consumer uns proved too great even
BK Bank
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO;
NEW YORK, BOSTON, BALTIMORE & PHILADELPIHA, via SAN FRANCISCO, LOS ANGELES AND PANAMA.
NEXT SAILINGS
N. Pt. Wharf
Duck • 135
S'hai Dock
"M.S. "HULDA MAERSK"
M.S. "TREIN MAERSK"
M.S.
300 11.70
nations 200 12
East Asis
1350 101
INSURANCES
Union .. Underwriters 320
700
SHIPPING
Anta Nav, ..
750
DOCKS, ETC.
K. Wharf XD
70
5000 5
Provident. 113
2.00
Wheelock...
23
LAND, ETC.
IIK Hotel XD 5.0
S'hal Land ..
1,33
UTILITIES
Mar. 31
Tram... 112
Apr. 18
Star Ferry..
Apr. 29
Electric ... 2214
1000 @ B Light (N) 3.40 3.30 € (3) 3.00
4000 5.00 1000 a 670 24 1100 @ 2214
1500 0.23 200
600 @ 23
Apr. 22
May 8
Telephone 015 INDUSTRIALS
Cement
10%
May 15
1000 11.
200 11,
Rope
12
STORES, ETC.
Dairy ..... 1315
Dairy (New) 1235
400 13
"PETER MAERSK"
* This vessel calls Vancouver prior to San Francisco.
ARRIVALS FROM U.S.A.
M.S. "LEXA MAERSK"
M.S.
"SALLY MAERSK"
M.S. "CORONA”
-For Freights and Further Particulars please apply to:-
AGENTS:
JEBSEN & CO.
Pedder Building
Tel. Nos. 26661-8.
C. Light (0) 5.00 4.15 3000 @ 60 for this to be possible.
Watson XD 102 1. Crawford 2312 COTTONS
Ewo
124 @ 10% DOG 10%
13. 1000 or 121
1600 a 13 500 12
@ 12%%%
2.80 200 @ 2.00
in
It was not expected that the tin talks would be resumed in the near future. The next step would be for the governments of the producer nations to make direct representations at a high level to the
United States the supply Government about of their tin to the United States.
-Reuter.
FAMINE
MENACE
IN INDIA
New Delhi, Mar. 28,
conditions exist
approximately 15-year
It is the total of assets
of
Stocks on the down alde in- cluded Santa Fe, Nickel Plate,
Chrysler,
Zenith Radio, Ken- International
ng, Douglas Aircraft, United Aircraft, necott Capper Nickel, American Cynnamid, Alfled Ciemnient, Union Carbide, American Can, Westinghouse Electric, international Paper and Johns Manville.
by the Unemployment Compen- sution funds of the various States, territories and posses- slons and turned over by them to the U. S. Treasury as trustee. Dow Jones averages: The Fre
has Treasury
Invested Stocks practically all this money In 20 Industrials interest-bearing Government | 15 Railroads securities. securities.
16 Utilities
Benefit payments exceeded collections, for the first time, in fiscal 1949 and 1930, represent- ting the 24-month period that ended almost simultaneously
with the outbreak of the Ko- rean war last June 25.
Collections have been excred- ing benefit payments since then. -Associated Press.
Search For Globemaster
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MANILA, EAST & SOUTH AFRICA and SOUTH AMERICA "DOISSEVAIN” "STRAAT, SOENDA” "TEGELDERG” "TJIMENTENG”
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oth Apr.
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KING'S BUILDINGSÉTELEPHONES, 280015ETO-28017 SLUISEMETAGEN ESTE ULEÇONNABHE MACHOWAP, 2933% %
Armament
90.32
246.10
70,04
42.68
British
-Associated Press.
Workers
Decide
Heaviness In Print Cloth Textiles
New York, Mar, 28, The cotton textile market displayed a heavy tone in the print cloth section today. Mills
Serious Shortage In The Rubber in Near-aming, condta, Ocala Still Goes On dominating the act
U.S. Steel Products
New York, Mar. 28.
Markets
several states of India.
To Ban Overtime
London, Mar. 28. Thousands of armament workers at four English State arsenals have decided to ban over- time work from tomorrow, a Ministry of Supply spokesman said today.
The men's action will be bound to slow down
Still Goes On did not press offerings, with re- Britain's big rearmament drive, he added.
seen
芦
London, Mar. 20.
sale
A terrific shortage is showing up in certain steel products, The Iron Age, metal-working trade lower, with no sales reported. long expected food gift, dashing transport plane missing since dull. There was practically no weekly, said today.
"Almost without exception,"
the publication said, "products
listed in shortcel supply by American Oil
Spot May July
Chifley
Value On
Of Pound
said today that no deaths have
vity. The popular 80-square The plants affected are the occurred as yet in the new food
print cloth sold as low as 28 arenal at Woolwich, London, shortage, but added there were
cents a yard for spot delivery, and the Royal Ordnance fac- no signs of immediate improve-
American planes following or more than two cents a yard tories at Nottingham, Wigan and ment.
had been under some
recent quotations Radway Green, in North-West Reports New York, Mar. 28.
from tho United reports that debris
the Atlantic-today by mills. Drills and twills England. Rubber futures closed here States indicate there will be a
intensified their scorch for were generally steady.
These factories produce guns, today unchanged to 200 points delay in the shipment of the
the American Globemaster
wool goods market was The
ammunition and tank cop Inst Friday March contract was not quoted hopes that the old ration of 12
with 53 people on interest in civilian goods,
ponents. since all contracts had been ounces of food per adult per day board.
Rayon goods were quiet. The object of the ban, which Iquidated.
would be restored, The ration
group of small yellow Converters showed little in- does not have the approval of Prices closed today as follows: dropped to nino Ounces objects, and some long, boards terest in offerings because of the men's trado unions, is to
70.00 nominal January
to have been large stocks already on hand prees the claims for a two-
Sydney, Mar. 28. The situation was described were reported
Flying Fortress and the slow movement of weeks' holiday a year. At pre- The Australian Labour sighted by... critical in Bihar, Bombay,
35 about
goods. Associated sent the wreffers get one week. Party leader, Mr. Joseph miles southeast of the finished In Madras and Rajasthan.
where volle by
from the Press. Bihar alone I was said the
bemaster Was supply was more than 2,000,000 tons short of needs because of floods and drought. One report said, in several villages natives to the area, 21435-21545 | were eating only one meal southwest of 21015-2111 2001-2071% every other day. Pittsburgh, Mar. 28.
Number 2 rubber, March 203-204 Food officials meeting here President Walter S. Hallanan Number 3 rubber, March 100-101 said that to give the people a its output of steel plate slated
fation next month, 12-ounce for essential programmes, while of the Plymouth Oil Company Number 4 rubber, March 181-167
the stockpile would have to or 4,000,000 tons, while existing stocks are only three-fourths of that
steel users also reflect heavy defence orders
and essential
programmes of heavy sled pro- duction"
Most of the production pro- affected The Iron rammes
Age reported,
do not include
steci needed by the industry for
its own expansion.
One large company was re- ported to have 72 per cent of
other products
Reserves In
Good Shape
told booked above report:
the average for essential uso
ATE reserves
include structural bars and hot almost five times as great as at
rolled sheets.
The trade weekly said: "In Detroit, bars (especially alloy) have replaced cold rolled sheets as a measure of riches.
the end of the First World War, despite an increase in consump tion of nearly 400 percent.
€3.00
United Press. SINGAPORE MARKET
Singapore, Mar. 28. Prices of rubber futures closed bere today as follows! Number 1 rubber, per ib.
Mar. April May
Spat rubber, unbaled..
One hope of relief was dés. on Tuesday when tor-
a weather ship on Saturday.
also cent Layere Surface veswhich is 800 miles
Ireland. Formula
36
Later, an American. Air, Foreg spokesman said that the vessels. hud not located the objecta tra Fitty-five aircraft were in today's search, including from the United States aircraft carrier, Coral Sea, 18 American Air Force and one from the Royal Air Force,
Weather was reported to be
miles-Reuter, »
For
Reparations
From 18 from the
futuresential rain followed by a holl good with a visibility of 10
216-217 shareholders in his annual Black crepe....
13315-133 No. 1 pale crepe Ünited Press. "American ofl
LONDON MARKET
London, Mar, 28. Prices
of rubber closed here today as follows: the same time, the retail Number 1 rubber. "At No auto makers have been trad-prioe (excluding taxes) of ing sheets for bars, highlighting petroleum industry's principal May is 20 percent July their fear that alloy bars will product, petrol,
October/December prove to be the Achilles heel of less than the price in 1018 and July/September
a vasily ambitious production pro the petrol of today is their
steel gramme. Several
con- superior product over that of 33 sumers have shifted their con-years ago."—Associated Press.
business in order to -version
the
have ingots made into bars in New York Sugar
stead of sheels, *
"With other steel users, they are producing pell-mell as far .as they can go with existing supplies....The full impact of heavy bookings of steel for and essential pro- defence grammes will begin to be felt in May."--Associated Press,
Futures
In cents per 18.
021-63 021-
the cropa in stown wrecked Punjab
and
Prudesh Uttar (former United Province) areas, 00-614 United Press.
United Press.
NY Cotton
Market
Australian Wheat Sales
Japan
Washington, Mar. 28: A Philippine Congressman, Hermengido Atienza,
said to
The Government is discussing Chifley, in a campaign the men's decision with their speech tonight promised
unions, the chief of which is the
the
Australian
hige Amalgamated Engineering that if elected he would not Union
revalue A spokesman of the Union
pound. sald that be understood the overtime ban would affect "quite a number of factories up and down the country, in cluding small arms and fuso fac- torios,
The dispute had been going on for two or three years.
NOT OPPORTUNE
COIL.. Mr Chifley pledged tlauance of a policy of full. tariff protection for Australian Industries.
The Australian pound is 25 per cent below sterling and many foreign as well as Austra-
llan experts believe it is under
The Ministry of Supply had valued. There has been agitation: day that hla country should been in favour of granting the from many quarters for a long seek $2,000,000,000 more of men's request in principle but time to appreciate the pound to
goods in mid that economic circumstances sterling parity.
The
Dr. Burton
repathering :
Resigns
Dr J. W. Burton, who is to and in Manila Ba
Ho
men
மர்
Japanese consumer return for dropping its repara-were not opportune." tions claims against Japan. Re Ministry's last reply had been Mr Chiley's main attack was
that more Japanese "no,"
on inflation. He charged that for other capital A strike by a few hundred the government had failed to dockers in Northumberland is keep its election promise to put roods would be useless.
Mr Atienza Bald
ships which value back in the pound. of such holding up 03 rnost Sydney, Mar. 20.
already received normally carry coal from North- claimed Labour gave the coun
rust on Engineer East
East England to London. , Tho | try), a stability equalest only. fight in the general election
other (unidentified) have stopped work because by one Ho here, announced tonight, accord-
told
newsmen he had not more highly skilled coal loaders country in the world but sald ing to the Sydney Sun, that he consulted either Philippine or have been brought from their the Conservatives in 1948. de- had
Australian
States officinis on resigned as
his docks from other parts of Britain fested Labour's proposed price United
Hons views. Commissioner to Ceylon and had reparations
felt Japan and they claimed that this ima- control referendum, the Federal Public quit
Service. should in the form of textile perilled their chances of being
pay Dr Burton's announced ar-
and otiver manufactured goods promoted to better paid jobs- rival in
Router. Australia from Ceylon over a limited period of time, The other chief purchasers on March 20 to contést a seat Mr Atienza will leavở tonight have been Britain, Scandinavia, as Labour Party candidate in for Los Angeles and is expected
The the nation here.
election on April 28 to reach Manlió about April 20. Italy, Egypt and Japan.
Undied Prax previously caused a season's crop was
at 170 announced
million The Labour Party last night
Tho. bushels with a carryover of 44 endorsed his candidature. million. To date, Australia had Minister for External sold 113 milion bushels each or Mr Percy Spender, described procedent' in the British world."
Reuter.
Canberra, Mar. 28. -India has been one of the New York, Mar, 28,
principal buyers of Australian the Chairman of the wheat, New York, Mar, 28. World sugar futures closi
Prices of cotton futures closed Australian Wheat Board, Mr here today 3 points lower, with
here today as follows:--
John S. Teesdale, announced sales totalling 120 contracts.
40.06 nominal today. Contract No. 8 closed un- Spot changed to 1 lower, with sales May
July October December March (1991) 10,47,ħid; MAY 647 bid: July BAT bid 5.00
3.39.bid
French Cabinet totalling 81 contracts.
Divided
On Price Spiral
Prices closed as follows:-
Contract No. 4 (world)
May July September Spet
Contract No, s
MAY Paris, Mar, 20.
July The government of Premier September Henri Queuille failed to reach spot
on urgent agreement today
Franco's balt measures threatening price-wage spiral,
to
45.30 bid 4001
40.44-40.43
€0.37 33.81 39,00 nominal United PremL.
NEW ORLEANS MARKET
'
The
Affairs BITTER WAGE,
rather more than half that total, Dr Burton's action as "without WAR LIKELY
Now, Orleans, Mar. 28,
cloged 1:45 Mr Tecaiole said. Cotton futures higher to 25 lower,
6.35
United PremE.
May July October
March
Spos
M. Queulile met his Ministers Exchange Rates ber
in an extraordinary session to
of financing"} out ways map
Bualnoes, wis done in the local 3,000,000 inoctialade escobangs," markat -“, this. wage increases for govermatat inflation,
without Togglag - at the following rates—-- employers
But Stetting note (Der £5) -15,00 risking tupaway
Xed to drain, rubber per 1000 the Cabinetul ca sub-dosecutors op midies, was not able come to agreement and dockled to post-plastres (poc)(00) pono sction-United Press.
to
NEW YORK BANK| QUOTATIONS
New York, MATH
Closing bank quoti
amgapore (Straste),
Exchanges
13,30
14.80
NY
New York, Mar, D.
Foreign change: Britain Switzerland
unchanged. -- Associated
Copper Quiet
Copper): Lukeren - flowed, qulid,
| 48.30
40.83
40.35
A total of 82 million bushels 445 Dia will be exported as, whoat and
31 million bushels as flour,..
In spite of the shortage of shipping space and the rising freights,
have otransamento. already been made to ship half the sold quality, or s
Mr Teesdals
40.20
Usociated
LONDON TIN MARKET
London, Mar. 28. --The tin träffort Ammoved, both for closed at the end of tho
His added that wheat prices remained steady at 10/10. under the telemational" Wheat Ago: thank and at 10/- for
Visit
Sultan's
To Britain
"After that we, became con- stitutionally disarmed in the face of inflation at home and Brood," he added..
Stock Exchange which the
Firmness
London, Mar. 20. The Stock Exchange was arm in all sections today although trading was light......
British Government bonds
He said the Senate deadlock;
government · hopes the cloction will solvo, was not the cause of the government's Inability to deal with Inflation. Parliament must be empowered Ito control prices United Pres
struggle between the Govern were higber:: Gold, and copper Newsprint For
Paris, Mar. 28;
and bliter prolonged ment and the Paris underground and bus workers soomed prob ablo, tonight as the strike com mition daily turned down on offer minoresive wages, by 12-14 of Negri Semper cont bilan arrived in London today As the 18th day of a billent
privato visit. No official and trainical Parla arrangements have been made close, the strike, com
sisted
The Buttan
London, Mar. 20.
He After his consort, the end" to gain a 24 per c
two
Japanese Bonds Tatters
Decline
his Alde-de-1274
wie oducated
智
shares moved higher
Small gains to were general among industrial lenders/
The Financial Times - (dolly the index was 120.2-Aciated
STAR FERRY DIVIDEND
Decembre 31,
Argentine
Buentas Aires, Mo The Central Bank that it wil 1000 fimport licebpas for and other" stolidis: froi under à tradò trade) |tha turp), colanteleg)
Other prop