MESSAGERIES
MARITIMES
MOM
→LES GLIERES”
ARRIVALS
from Europe
SAILINGS
PASSENGER/FREIGHT SERVICE
"LA MARSEILLAISE” "LA MARSEILLAISE" ***FELIX ROUSSEL"
"ODT. DORISE"
"DREST"
"SAINT VALERY"
1st May
to Japan via Manila ........ 8th May to Marsellies via Manila 10th Day to Muracilies
FREIGHT SERVICE
23rd June
-N, Africa & Europe 8th May .N. Africa, & Europe 14th May N. Africa & Europe 23rd May for
PORT SAID, TUNIS, MARSEILLES, ALGIERS, ORAN, TANGIEL, CASABLANCA, HAVRE, DUNKINE, ANTWERP & ROTTERDAM.
"BREST"
Queen's Building
THE CHINA MAIL, WEDNESDAY, APRIL 11, 1951.
London Change Wariness
London, Apr, 10. Budget wariness kept the Stock Exchange qulet to- _day_with_Cavernment -- funds gaining small frse.... flons in light trading. In- dustrials
mainly trero -
ADwyer.
lower.
Most Overseas
and their
were selosted quotations declined fro tionally. Exceptions were Japancso bonde, which gained up to 3/4 of a point on optimistio views of tho "Far"Eszterra" miferation,
Financial Times' Index: 122.0 - Associated Press.
SUPPLIES OF TUNGSTEN
R.I.L
BECOMING MATTER OF R. G.
ACUTE CONCERN
Washington, Apr. 10. ・・ -International supply and demand for tungsten -vital to the hard steel industries has become of acute concern to metals experts.
Tungsten is used to harden steel. It ranks with sulphur and manganese among the strategic commodities which currently most interest indus- trial policy-makers in this and other countries.
The United States normally has a large deficit in tungsten production and the biz are do
of posits in this
country are comparatively low grade. But foreign production has under gone a cyclical course, with a boom in war periods and a slump
GRIM CROP Ceilings
-to-Yokohama & Kobe 18th-A PROSPECTS Placed On
CIE_DES_MESSAGERIES MARITIMES
:
Tel. 26661 (Threo Lines)
MAERSK LINE
· FAST FORTNIGHTLY SERVICE TO:
HONGKONG
SHARE MARKET
ذر
More interest was shown on
the Hongkong Stock Exchange
this morning, when the volume
of business during the moming session totalled $280,542.50. Noon prices
HHARKS DUTERS SELLERS HALES BANKS
HK Bank.. 1343 1300 20 @ 1500 40 @ 1949
CAL
ME The wide range of INSURANCES
costs in many mining further confuses the
FOR WHEAT Bunker Fuel long-term outlook
Washington, Apr. 10. The United States' wheat crop suffered badly during the early part of this
according to year, details published by the Agriculture Department today.
The Department puts prob- ablo produetion at 728,500,000
Washington, Apr. 10.
The Government today set pelling prices on conl used as bunker fual for ships.
A Price official said this will assure uninterrupted transpor- tation
of Orms
and military
supplies.
The new ceiling price order, issued by the Office of Price Stabilisation (OPS) is effective
onoc, at
|
Dont Alw
Canton t Vodon
SHIPPING
101
14-1355 35 1365
713 728 123 4 720
Asia Nav.. DOCKS, ETC.. N, P. Wharf S'ha Dock. 2.00
JUK Hodel... 6.00 UTILITIES
5.05
1500 @ 90c
ROYAL INTEROCEAN
SINGAPORE YAVA
PORT and
MACASSAR
"TJMODAS" “YAN REUTER=
"TJITJALENGKA”
“TJIWANGI"-
ARRIVALS
11th Apr.
13th Apr.
with Apr.
11th May
only to Singapore, Penang & B. DoLL,
MANILA, EAST & SOUTH AFRICA and
SOUTH AMERICA
"STRAAT SOENDA”
TEGELBERG" **T-JIMENTENG"
JAPAN “TEGELBERG” **TJMODAS” "TJIMENTENG”
+ vis Manila.
500 500 Agents:
Thon..... 1144 1132 2100 @ 1135 Star Ferry
7314
•
C. Light (0)
0,00 200 @ 4
C. Light (N) 3.44
C. Light (B) 5.50 Electric
23 2344 174 6. ZAV
Telephone.. 10 101 1000 @. 10% INDUSTRIALS
United States tungsten mines would like to supply a larger pant of domestic demand,, but the swiftly expanding stoel in LAND, ETC. dustry look to many foreign sources for its increased requiro- menta.
Axis Competition of the powers with the Western Allico for tungsten supplice was one of the dramatic highlights in the economic phase of World War II. In the current emergency bushels compared with 899,100,-eat Lakes
Bunker fual is sold on the the Government moved quickly
and at Atlantic, to assure tungsten supply. 000 estimated Jast December,
Watson The United States was able to The average production over Facile and Gulf poris. Prices
have been frozen under the increase ita tungsten production
La Crowford 24 COTTONS bushels, but the area planted
Ewo has been greatly extended.
Reuter's
editor. Anancial Sydney Gampoll, comments:
"This low official estimate of the American winter crop is not good news for the world. This is one of the first and most important of the 1951
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, via 5 10-year period is 726,580,000 general celling price regulation) during World War II, due to the
SAN FRANCISCO, LOS ANGELES AND PANAMA,
NEXT SAILINGS
M.S. "TREIN MAERSK"
M.S. "PETER MAERSK"
M.S. "LEXA MAERSK"
ARRIVALS FROM U.S.A.
M.S. "SALLY MAERSK”
M.S. "CORONA"
M.S.
"ANNA MAERSK”
Apr. 19 Apr. 30 May 15
May 8
May 19
May 80
For Freights and Further Particulars please apply to:-
AGENTS:
JEBSEN & CO.
Pedder Building
PENINSULAR
SEPARABIT
Tel. Nos. 26661-8.
now
years, en-
Coment...., 2012 STORES, ETC.
Daley XD. 111
.... 109%
12 300 @ 11
200 @ 25
2.00
wheat highest price he charged for any duction and larger exploitation Grain Prices
cropy. The Department
Agriculture forecast is actually below last year's mediocre crop of 751,000,000 bustiels.
"At a time when Europe's waterlogged and India and many other countries States are relying on United wheat, the cut in the crop pros
crops
UTC
pect is a misfortune".---Reuter.
Slow Trading On Cotton Market
New York, Apr. 10. New crop cotton futures faltered after a steady opening but old crop May delivery was & ORIENTAL tight to, the celling price. Most
STEAM NAVIGATION COMPANY
R. M. S. "CORFU"
SAILS:
NOTICE TO PASSENGERS
BAGGAGE:
FRIDAY the 18TH APRIL at NOON for the UNITED KINGDOM via Straits, Colombo, Bombay, Aden and Port Said.
of Jan. 20.
discovery of important Under the
tho OPS order
mines In pre-war bunker fuel supplier computes his celling price based on the Couragement of small-scale pro- of low-grade ares. California,: North Carolina and Nevada become the chief mining States.
given type of coal sold during the base period July 1, 1940, through July 30, 1948.
To thin he is allowed to add increased costs of the coal.
sociated Press.
FROM CHINA
tungsten In Chicago
The demand for tungsten
2.40
2.48--14
240-2.474
After the bunker fuel suppler
Chicago, Apr. 10. completes this figure, he then declined in 1949, when there
Prices of grain futures closed determines his operating mar- was a 44 per cent drop in con- here today as follows: gin in the base period. Assumption of tungsten concen- Wheat price per bushel.
trate, with the result that many Spot of the United States mines shut
May July down or decreased their pro- September duction.
December Bureau of Mine statistics for Spot
Corn 1949 the last year available May showed United States production July
U.S. Wants
Lifting Of Restrictions
of tungsten ores and concentrates September (in terms of contained tungsten)
December
Дуе
at 3,896,004 pounds compared to May July 4,033,339 in previous year,
Osts Imports of tungsten were
May 0,274,102 pounds against July
7,548.101
Asis.
2.49-4- 2.33-44-14
101-15
1.84-7-
1.82
1,71-34-4
1.90-1-52
1.00-1
03-16-1
30-4
Bonn, Apr. 10.
New York Flour-per 200 lb. mek. The U. S. will press Britain
chiefly China, supplied $13.20-United Press. and France to scrap all limita- 88 per cent of the total imports tions on West German steel and in 1049, nine per cent.more than other strategic industries by the in 1948. Imports from South end of 1931, a high American America, chictly Bolivia, declin- official cald today.
ed 77 per cent from 1918 to 1849. He said the U. S. will insist-United Press. that German industry be allowed
tern defenco. and German covery. By hie account:
re
action occurred in mid-after-to produce to the limit for Wes noon, when reports of beneficial Texas rains over the Central sections louched off a wave of offerings.
dustrial controls,
These are obsolete in view of Western pledges to grant the West German sovereignty and the
need to mobilize growing r German Industriai power behind
The US. plans to call for a Trading was slow and in the autumn, of all remaining in- three power review, probably in gular. Ring observers estimated that between 44,000 and 50,000 bales are wanted by mills and other trade interests in the spot month. They expected the tight situation to continue as the spot month works up to the Brst notice day on April 25.
The market opened unchanged to points higher. The list was down 17 to 38 points from the highs in the afternoon, then it rallied haltingly at the close to finish off 17 to 19 points.
Prices closed today follows:-
Spot May
October
May
1.3
46,06 nominal 45.30 bid
44.0z nominal 30.63
39.70
38.60 nominal
ALL passengers baggage must be July sent to the Hongkong & Kowloon December Wharf Co.'s Godown at NO. 2 GATE, March (12) CANTON ROAD ENTRANCE by July NOON on THURSDAY the 12TH NEW ORLEANS MARKET APRIL.
Пров
July
SPECIAL NOTE: With the exception of hand packages May
carried by passengers themselves, October ALL BAGGAGE must pass through December
March (1952) the Wharf Co.'s Godown for loading May July on board by ship's slings only.
EMBARKATION: Will take place on FRIDAY the 18TH
April 10.
44.91
Wall Street Registers Declines
TIN MARKET STEADINESS
London, Apr. 10.
continued The tin market steady at the morning session. Turnover was 55 tons, includ ing 10 tons for spot.
Prices closed today at the end of the official morning session
as follows:-
Spot tin, buigers
Spot mollerp
·Business done.at.
New York, Apr. 10. Three-months tin, Backwardness in rails today Three-months th the Western defence programme. kept the mock muket anchored Bu Industrial expansion in many to the losing side. The market Settlement. fields is being blocked by Allled vainly attempted to get ahead orders-Associated Press.
Rupee Rumours
Laid To Rest
New Delhi, Apr. 10.
most of the day, was made
and progress spina sections,
1.308
1510
1,303,
1,340
wellers
1,245
1.340 1,500
United Prese
but closing prices fell away New York Sugar
most all around. Both losses
and gains were small
Transfers totaled 1,289,000
shares; 317 isquice closed algher and 508 declined.
Among stumblers
Futures
New York, Apr. 10.
furiures closed. World sugar were
today unchanged to 6 Northern Pacific, Baltimore and here Ohio, Loews, Consolidated Cop-points lower, with sales totalling
Mines, Dow Chenilcal, 75 contracts. present, India's Finance Mini-American Woollen, Lockerad
It would not be in India's
at
ter. Sir Chintaman Deshmukh,
Jons Averages. Dow Stocks
20 Industriais
Q Contract No. closed 9 podists lower, with sales totalling 9219 332 contracts, 250.42 Prices closed as followE; Contract No. 4 (world) 82.18 42.44 May July Associated Press,
September Bpot
15 Railroads
30.41 nominai
30.03 nominal United PresY,
told Parliament today.
Closing rate
Rumours that the Indian
rupee might be revalued
have
46.35 bid 46.58
30.40-39,43
been circulating in the country her recently. India devalued currency with the olber sterling
10 Utilities
38.39 bid
3.38 bid
33 per
33.07-30,69 countries in September, 1949 by
37.00 bid
--United Frem.
per cent in relation to the United States dollar,
Sir Chintaman Deshmukh, who was replying to a debate raised by the Budget demand
Japanese Bonds Appreciate
for Ministry, said Japanese bonde
APRIL between 3.30 am and 11 am. The Rubber a grant to his Government
Rayon Consumption Increase In US
Washington, Apr. 10. The Agriculture Department's research administra tion reported that rayon has surpassed all other fibres in upward percentage trend of United States consumption during the last 37 years. Other new synthetic fibres are gaining in production and commerce.
Markets
London, Apr, 10,
*** (4% at 1910)
"D" (5% of 1934) "EY (530, of 1930)
and Reservo Bank experts a. 15 a. 15
per
cent revaluation would pro- bably involve deficit in India's balance of payments of about Consols
20 per 297,000,000, while a London, Apr. 10.
cent revaluation might push up
Hon,
Beptember
Spot
5.40 bid
1.44 hid
8.44 bil
5.45
Contract No.
3.23 bid 8.46 k
Exchange
6A5 traded
1.80
United Pron.
Rates
8041
3,20
20.00
1.775
15.70
Bustom was dans in, the local
mrket 473% | unottelal' exchange United Paya
morning at the following ratos!--*
14 New York, Apr. 10. Starting “nato: (per : @) Prices of rubber futures
Japanese bonds were mixed US dollars (pår 43) closed here, today as follows this deficit to over £100 mill in the dolle bond section to po 1001
Indonesia iliders (per 100) day,
Great Consolidated. Ieo-Singapore (Strutta),
stron_(per" "109) and the sevens added one, while Tokyo City 50, gained, too,
The Japan 548. lost 11% und the 63, dropped one, Orfent
| Number: 1 rubber in conta
per lb. May June
July/September October/December
"
53114-** "If we do not revalue, Wo
68-60 shall probably hold things tric Power 81⁄448. mined three
Be Selit square," he added. Reuter,
United Pros SINGAPORE MARKET
Singapore, Apr. 10. Prices of rubber futures loved here today as follows- Number 1 rubber, per Ib.
April My Juno Number 3
April Number
April Number April
An analysis of "trends ing only 64 percent of total con
of fibres in consumption
the sumption in 1948, United States from 1802 · to United States mills con- 1948", said that the use of rayon | sumption of other übren in 1948 increased from 2,100,000 pounds was: wool, 10 per cent; rayon, in 1911, the Brut your of sandy 10. Der Conti tim byhole Shakur production, to 1,149,000 pounds thrs, fax, and
one per Black crepe in 1048
cent or less cach, Jute, two per No. 1 pela
200-300) 197-100
rubber,
rubber.
1905-1913%
*181-182 170.177
152-154 220-230 **United Press.
Oils
Control
Eased
-Washington, Apr. 10.5%
The Government today eased
Ita prico-calling order on Lats
Development Sixes lost, a major
fmelion,--Associated. Press.
Exchanges In NY
New York Apr. 10, Closing foreign exchange Canadia
94.504 Others
vero
TEXTILE MARKET Acated From
STEADY
Now York, Apr. 10, ..
The cotton textile market was
and oils to permit premium stenty
Re-sale offerings of
30320436 payments for certain types of print cloths at recent low lovela fallow und in soap-making." dried up, with prices quoted order permits around 20 cents a yard for the prevlaod premlin payments of to popular 80-aqueo print cloth cepta a pound for tallow of a trees had recently been crow Hired Eight coloursociated Other, motions of the market
hevor WOOL MARKET a.ity whieh bisachts to a do- tios at around 20 conts a yord:
Home O krmount
In 1948, iron represented cent; hard abres, alx per cent 10.4 percent of all raw Ebre
Although consumed in the United States. Rayon has been used in larger competed more than two per-
coot of the
the total mi cueuing
importanós: bo
+ Question Shan any other abrement of a bros, It had been of
cotton during each year
conákdorable sinoo. 1987, except in the war CARS OF 1 monaiary value, Year:1941-1949, when the Agricultural research und der temporarily passed by wool kea ministrations waldai-United Fres
United!" Blator" teattle rhilla" mótadaption, "of "cotton" £m" #LITI
LIVENS UP
Apr 10,
Pressuposta were col., 1000hr anzrket wAS:|
Dutch-Japanese with the underbon stondier
Trade Pact
quiet. Rayon goods were quiet,
Asociated Produ
ankTM Quotations
ARRIVALS
In Port ..In Port
8th May ARRIVALS
LINES
SAILINGS
10th Apr. 1st May
17th May,
SAILINGS
11th Apr..
13th May
SAILINGS
11th May
11th Apr.†
18th Apr.
11th May
HOLLAND EAST ASIA LINE
and MALAYA
SAILINGS
EUROPE via MANILA
ARRIVALS
17th Apr.
..16th May
Mid, Juno
"ALMKERK”
"LANGLEESCOT"
"ARENDSKERK”.
Through B/L femted to Mediterranean and Northern European Ports.
• JAPAN
“ALMKERK” "LANGLEESCOT"
18th Apr, Mid. May
ARRIVALS 17th Apr. ..Mid. May
Alld. Jung
SAILINGS
20th Apr.
24th May
+ via Manila,
"ARENDİKERK”
KINGS BUILDINGSTELEPHONESTIRIJED 201
PRADINIS AGENTSE BE CONS
S.S. "LAURE PATTISON"
Direct for
PUSAN
LOADING THE 11th APRIL
SAILING THE 13th APRIL
For Freight and Particulars, please
apply to
PATTISON ORIENT LINE, LTD.
12-14 Queen's Road C., 4th Floor.
Tel. 25346
or Chinese Agents:
OVERSEA CHINESE STEAMSHIP COMPANY, LTD.
48 Bonham Strand West, 1st Floor.
Tels. 26127 & 81119.
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