Page
THE CHINA MAIL, WEDNESDAY, APRIL 18, 1951.
MESSAGERIES MARITIMES Export Control MARKETING PLAN Confused
M
"LES GLIERES"
ARRIVALS from Europe
SAILINGS
M
PASSENGER/FREIGHT SERVICE
"LA MARSEILLAISE" "LA MARSEILLAISE"
"FELIX ROUSSEL"
"CDT DORISE" "BREST"
"SAINT VALERY”
1st May
to Japan via Manita ... 6th May to Marseilles via Manita 19th May to Marseilles
23rd June
FREIGHT SERVICE
..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. DUNKIRK, ANTWERP & ROTTERDAM.
CIE DES Messageries MARITIMES Queen's Building
Tel. 26651 (Three Lines)
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
||
To› Continue
Washington, Apr, 17.
The House unanimously -approved and sent to the.. Senate today legislation to extend export controls until
June 30, 1953, The present Control. Act expires next June 30,
The Banking Committee nald export controls were protoct do- necessary to mestic coonomy and to help preserve adequate supplies for the milltary
programme-United Prem.
Ban On Peking Delegate
London. Apr. 17. Lord Jowitt, the Lord Chan- cellor, said today that Mr Lee Yet-mang. leader of an un- official Chinese Communist delegation now in Prague, was not being allowed Into Britain because
not it was public interest
the
FOR EUROPEAN FARM PRODUCTS
Paris, Apr. 17.
The French Government today disclosed the terms of its proposal to set up a single European market for farming products.
}
Day On RL.
Wall St.
New York, Apr., 17. The stock market back- od and filled all day today] and wound up just about
where it started.
Prices were mixed at the opending und when the market closed the margin of gains over loase was insignificant.
These terms were included in a memorandum which the Council of Europe submitted-at the re- quest of the French Government-to the 15-mem-wobbled all over the lot, now ber countries.
The French Government pro- posed that European countries should open negotiations aiming at setting up a European farm- ing pool based on the following principles:
Firstly, the associated coun- tries will pool their production resources in each agricultural branch,
In
Secondly, the proposed poud organisation should take the necessary steps to adjust output to consumption needs and to maintain the balance of the market
all participating countries.
Thirdly, the proposed pool The delegation had been in- shall in at preparing the sel- viled to Britain by the Britain-ting up of a common market China Friendship Association. for each produce which will be under the authority of the port. This should be made possible
abolishing Customs
duties and commerical quotas between the
countries participating though transtory mensures may be envisaged.
Answering
Labour Peer,
the House in the Jowiil
a question by a Lord Stansgate, of Lords, Lord that applications were received for visas to en- abic four Chinese delegates and one Interpreter to attend
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, via meeting on April 8. Visis were
SAN FRANCISCO, LOS ANGELES AND PANAMA,“
NEXT SAILINGS
M.S. "TREIN MAERSK"-
ARRIVALS FROM U.S.A.
M.S. "PETER MAERSK”
M.S. "LEXA MAERSK"
M.S. "SALLY MAERSK"
M.S. "CORONA"
M.S.
"ANNA MAERSK"
Apr. 19
Apr. 30
May 15
May 8
May 19
May 30
For Freights and Further Particulars please apply to:-
AGENTS:
JEBSEN & CO.
Pedder Building
THE RUBBER MARKETS
Singapore, Apr, 17. Prices of rubber futures closed here today as follows:- Number 1 rubber,
per ib. Apru
May
Juno
Number 2 rubber,
April
Number 3 rubber,
April Number 4
April
rubber,
Spot rubber,
107-15-180-12 103-100 103-104
Tel. Nos. 26661-9,
Wool Price
granted to four Chinese dele
ates and the interpreter.
by
HONGKONG
SHARE MARKET
Business transacted on
Price changes were fractional for the most part as
issues
advancing a little, now slip- ping a bit.
There was a wave of im- provement during the closing minutes but it resulted in no clear-cut ploture.
Advances numbered 424, de clines 414. There werO 35 ew highs and 34 new lows.
totalled Transfers
1,440,000 shares.
Airlines helped to give maricot Its steady tone, Pan American, American, United
Arad
tions.
ROYAL
INTEROCEAN.
SINGAPORE JAVA PORT and MACASSAR
"VAN DEUTSZ" » **TJITJALENGKA" *"TJIWANGI"
niso
calling
ARRIVALS
In Port .28th Apr. 11th May
at Penang
MANILA, EAST G SOUTH AFRICA and SOUTH AMERICA
TEGELBERG” **TJIMENTENG” *TJIKAMPEK”
JAPAN
"TEGELBERG”
the
“TJIMENTENG”
*TJIKAMPEK"
Easter all advanced frac= They see-sawed a bit during the day but held their gains at the close.
the Hongkong. Stock Exchange this morning was 321.30.
valued at $253,- Noon closing prices
Steel stocks also contributed a SHARES DUYERS BELLERS BALESitle strength to the market. BANKS
were
HK Bank .. 1360
Eart Anin
INSURANCES
די
102
Union 73735 UnderwrHors
SHIPPING
30 1300
312
Anin Nav DOCKS, ETC.
1
N. P. Wharf Dock XD
5.10
S'hal Dock. 2.90 Junglow.
13% 1100 @ 123
724 7 +
HK Hotel
8.85 5.70 2000 @ 1.00
1K Lad
1.25
7
S'hat Land Humphrey's UTILITIES
The French Government pro-LAND, ETC. posed the selling up of Euro- penn negotiations similar to Lord Slansgate urged the those foreseen in the coal and Government to invite a re- steel pool treaty to carry ch presentative body of Chinese these principles, lo visit Britain to promote understanding between the Brie tish and Chinese peoples.
Lord Jowitt replied that the Government would, at all times, welcome the free exchange of news and views between Bri- tain and China and similarly a visit here
by a representative body of Chinese,
But it was doubtful, pending the establishment of diplo- matie relations, whether the Chinese Government would authorise the acceptance by such a body of an official in- vitation to come here.
In the circumstances it would be inappropriate to invite one. -Reuter.
Two-Sided
Firms Up Market In
Again
Melbourne, Apr. 17. The major Australian wool markels Armed today. -
US Cotton
more
Certain of these Institutions may be competent for both rent, steel and furm markets.- Reuter.
Expansion Of UK Aircraft Production
New York, Apr 17. Sir Roy Hardy Dobson, of Hawker Siddeley Group Ltd,, England's largest
director
Star Ferry..
11.70 1311⁄2 600 @ 11.07
C. Light (0) 0.10 0.20 509 à 035
C. Light (N) 3.50
C. Light (B) 5,75
(N)
1000 6.10 5000 G DE 1004 a 0.15 0044 0.15
3500 @ 4.1
2006 3.50 10645,00
1000 9.30
Electric. 2011⁄2 241⁄2 1000 23.00 Telephone INDUSTRIALS
Cement STORES, ETC.
11.00 1114
Dairy XD 12% 123% 4000 @ 12
Crawford 2412 COTTONS
Grain Prices
aircraft and engine manufacius. In Chicago
ing concern, said today that his company expected to get enough machine tools from the United beginning four to six from now,
to permit ex- pansion of English
mant
Three limitation a
space and tools. nt
hampered production, but add- tonal supplies of machine tools from America would diminish
the manpower and tool shortage since better tools enable Embed manpower to do more produc- tion.
Chicago, Apr. 17. Prices of grain futures closed here today as follows:-
2.401
2.5314
Other gainers included Northern Pacific, Loews, Chesa- peake and Ohio, Marine Midland.
Stumblers Included Owens Illinois Glass, St. Regis Paper, Gult Oll, Allied Chemical, Texas Company,
declined in Govern-
Corporate bonda nctive trading. Some ment bonds raliled slightly,
Curb stumblers included
Aluminium of America, Colonial
Airlines, Imperial Oil. New Jersey Zinc.
Dow Jones averages; Slocks
20 Industrials
15 Railroads
1C UAH!ues
03.74
255,34
83.99
42.30
-Associated Press,
LORD
RUSSELL
RECALLED
London, Apr. 17. Lord Bussoll of Liverpool, Advocate Gen- Deputy Judge cral of the British Army of the Rhine, is to hand over his duties and return to England
LINES
SAILINGS
18th Apr. Lut May
17th MAY
&
Belawan
Dell
ARRIVALS
7th May .17th May
ARRIVALS
-11th May
SAILINGS
19th May
SAILINGS
10th May
19th May
Agents: HOLLAND EAST ASİA LINE
-
EUROPE via MANILA
and MALAYA
“ALMKERK”
"LANGLEESCOT" VARENDSKERK"
Through
ARRIVALS
.21st Apr.
18th May
to
BS/L issued Mediterranean and Northern European Ports.
JAPAN
"ALMKERK" + "LANGLEESCOT” + "ARENDSKERK” +
+via Manlia,
ARRIVALS
.20th Apr.
.14th May
.Mid. June
SAILINGS
22nd Apr. 18th May
Mid, June
SAILINGS
25th Apr, 24th May
# 37KING'S BUILDINGSZTELEPHONES:=200BETO2200AR
S. A. C.
at the end of this month, the Every TUESDAY is SAC DAY to BANGKOK
House of Commons was told today.
He was involved on March 31 in a clash with a German 2.50-1 crowd at Vlotho, North Rhine 3.4016-Westphalia, 2.50
Mr Herbert Morrison, tho Foreign Secretary, in a written said that reply to question, reports of the incident had been 1854-15 before the Lord Chancellor, who had also seen Lord Rus- Bell of Liverpool.
Wheat-peles per bushel
Spot
May
July
September
December
Corn
Spot
1.021/
May
1.82
July
September
Decembar
Rye
May
July
Onta
་
1.83- 1.7132
1.00-1.97% 1973
0534-45 01-0012
New York, Apr, 17. ́ ́ Price declines which had been The cotton market today be 183-35-184-15 vident at Melbourne
and care
of a two-sided Sydney came to a halt as trading affair after a firm stark Old 177-11-170-15 opened this morning at Geelong, crop deliveries held relatively
Sir Roy said England was now Merino fleeces gained 2% to steady
doing ali át could in the delivery May 172~14-173-12
May with
July five
on per cent
ceiling price. world defence effort and "there last week's wedged at the
New York Hour-per_200_1b..sack, 144-147-
Sydney rates.
Right at the close, a leakling -no-leaden-shoes-in-our $11.50 United Press. 203-210 No. 1 pale crepe kerg
Style United Pres.---
comeback and crossbred spot firm sold May's against effort." He and the managing Sir Frank Spriggs, are LONDON MARKET
wools recovered 2 per cent. purchases of July at 65 points director, Sir.
in New York on a visit. They London Apr. 17. of rubber
expect expansion to enable them Prices
futures
to employ another 20,000 wor- closed here today as follows:-
kers.United Press.
Black crepe
Number 1 rubber,
in cents per lb.
Moy
June
July/September
October/December
ότι
60-32-72
03-14-4
84-37-85-14 12-14-33 49-4-00- -United Press,
RECORD PROITT
Colombo, Apr. 17, A record profit of 347,000 rupees was made by the Ceylon Government
its rubber trading activities last year.
The profit was made mainly on rubber purchasing and sell- ing activities of 34 depots main-| tained by the Rubber Commis- aloners Department in various rubber-growing districts in the island. This big proit has come as a surprise to the Government authorities-Unlied Press.
Bullish tendencies prevailed unler,
The market closed to off 10 throughout, even though brokers
closed as fol- reported no trace of American points. Prices buying. It was lack of American lows:— buying which had the greatest Spot Influence in pulling prices down July last week.
May
October
The United Kingdom and the December Continent operated freely
Associated Press.
Heavy Selling
In London
March 119
May
July
October
40.00 15.30 bid 44.77-44.78 31.75 30.15-30.14 30,02
30.01 nominal
NEW ORLEANS MARKET
Spot
May
July
October
December March (1052)
October
London, Apr. 17. Government warnings that May shortages of some raw materials July in Britain may soon become acute led to heavy selling of Industrial shares on the Lon- don Stock Exchange, today.
Issues went into
Золю
REDS' STEEL sharp decline at the outset, but
-Ruzsja
OUTPUT
most rallied late in the day to close only slightly lower.
Brilish Government bonds re- celved little
attention and Moscow, Apr, 17. finished
27,200,000 minus signs. produced
tons of steel in 1950, according
wits
a sprinkling of
Gold shares were. Arm
38.30 nominal
30.31 nominiai
-United Press.
Closing rate April 17. 44.91 15.30 bid
30.6% 30.02-30.04 38.08 38.80 bld 30.40
United Přesn
Allocations Of Steel
Washington, Apr, 17.
to calculations made here to- Financial Times' Index: 127.7. for 24 special day on the announced results-Acrociated Press.
of
Plan.
the post-war Five-Year
Potroleum
production was
97,820,000 tons, according to
these calculations.
The results,
Suspension Of
Copper Duty
+
New Mill For The Ruhr
QUIET DAY IN TIN MARKET
WES
The Lord Chancellor took the view that it might be unfair to blame Lond Russell for the
traffic original
Incident but thinks that he made encITOR. of Judgment alike in the matter and manner of his communica→ tion with the Press"
Mr Morrison added: "Lord Ger- Russell's appointment in
to end many was in any case shority and in the circumstances London, Apr. 17. I have agreed with the Lord it would bo The tin market was
very Chancellor that
edvisable 迎 Lord Russell Turnover quiet today.
were to hand D
to his three- only 20 tons, all for
successor at the end of this | months.
Prices closed at the end of month and resume his duties in Dortmund, Apr. 17.
the official moming session as
England" West Germany's Industrial follows: revival enters
new phase on spot tin, seliers
Spot tin, buyers Thursday when work starts Business done at a new rolling mill-with Amerl-Three-months tin, con financial aid to replace a buyers mill dismantled by the Allies after the war.
2
The US$4,760,000 project at the Moerde Steel Works is the first development of heavy In- dustry in the Ruhr to receive an allotment of Economic Co- operation Administration coun- texport funds. -Associated Press.
Three-months tin,
sellers Business done at settlement
1,125 1,133
nii
Lord Russell was driving with his wife from their home, in Viotho to the Rhine Army Head- quarters in Bad Oeynhausen, when their car was stopped by Germans taking part in a pro- cession.
1,115
1.120 ***30-1.130
Lord Russell said that he was 1.130 -United Press. punched and his wife's neck and
· U.S. PRICE DOWN
back scratched, The local Ger- Washington, Apr. 17. man police said he had ignored The Reconstruction Finance their advice to make a detour reduced its and had driven through the pro. Corporation today
cents in res-cession-Reuter. price for tin by ponse to the price reduction in de Singapore market.
.
A spokesman said the Singa- New York Sugar
pore market has gone down in It is the past several days. understood that the new pricing formula was reached at a full-
clals. United Press,
QUIET
Futures
New York, Apr. 17. World sugar futures closed here today à points higher to 1 point lower with sales totalling
3 contracts.
Contract No. 6 closed 1 lower to 3 points higher, with sales totalling 216 contracts,
NEW RFC CHIEF
Washington, Apr. 17. The Defence Production Ad-
President Harry Truman to- today allocated ministration 1,400,000 product tons of steel day asked Mr W. Stuart Syming-day meeting of top R.F.C. off-
defence-related ton to become Administrator of construction
in the reorganised Reconstruction programmes June.
Finance Corporation Mr Sy- TEXTILE MARKET
chairman The figure represents about mingion, 49, is now
cx- of the National Security Ro one-fifth of the nation's peated stock output for the sources Board. He la a former
New York, Apr. 17. The cation exule market —Prices-as-follows:— month. It compares with 1,-St. Louis manufacturer.
Contract No. 4 (world), 19 President
quiet. There were only May Truman got Con-was 200,000 tons allocated for Washington, Apr. 17.
re-sales gressional assent last week for reattered
of print July The Senate Finianco Com-special programmes in May,
Among the June allocations him to reorganise
MAla the RFC,clothes..
buyers September mittee today approved a House-
a now further po ********* tons of abolishing the present five-man were awaiting 308,000 product Today's announcement of the approved bill to suspend the im-sleel for freight car, construc- Board of Directors and putting amendment on the ceiling regu Soviet State Planning Comunis-port duty on copper. sion said that the plan bad
The
40,000 tons for locomotive it under one man. - Associated lation. tion, Committee
The wool goods market was been completed in four years change in the effective period for all-feld pipes, 185,000 for
made: building, approximately 140,000 Press.
dull. and three monthe. Over the provided for in the House bill whale
The rayon goods market was economy had pro- which calls for
electric power facilities the suspension
alow. Yama allotments being duced 17 per cent more than so long as the domestic price of Associated Press,
$1,000 for ship construction
made by producens, fowever, the target--Reuter,
coppor-based on delivery in the Connecticut Valley does stat
were well taken up,—Associated Pross drop balow 24 cents a pound.-- Associate Pric
With
in accordance Russian practice, were given in percentages of 1040 production
US EXPORTS OF COTTON
Washington, Apr. 17. The Commerce Department to-
Announced Cast стро
·licedeen covering 173,303, balès
Jap-Sewing-Machinos
For Argentina
Buenos Aires, 'Apr. 17.
аге
Fuji
and
Driveway
Holders Reluctant
New York, Apr. 17. Despite Undications or improv
Inquiry from grinder supplies here are reluctant to profitable
interests, holders of lack pepper Exchange Project self until they are sure to make,
replacement'
indons | Lanofficial
and
Tokyo, Apr. 18 chases in the foreign at the following Tater One hundred and ninety-firma
Two Japanese transportation Local bids for spot and afloat ring pole (per
have applied to the supplies developed around $1.00 dollars (per $1) of cotton ware Used between nine, tons of Japanese sewing Transportation Ministry to build a pound, on an ex-dock bassa ser per 100) .. April 2 nod 16. There were 89,- | machines Dro, to arrive here on
United Press. gabrotze driveway up
091 bales Hoensed for shipment Wednesday aboard a United Japan's sacred mountain... to Italy, 20,342 6dles to Franco, States freighter. It is the first Mount Full 23,477 bales to the Netherlands shipment of Jepanted serving Both plans call for n 20-
14.910 hour to me bales action to Argentina since there root up to on obscr
halba 1961. ---- United Pro 12 390-200 OUT
votions post, halbwwgr bad been amablished for ibanon, and back. Diens deducted
NOW, ADI: 172 | KÜHL Gamble motorist, to enjoy bill
bond marker hat so. Whiterima wa
Contract No. 6
May
..... 6.50 bid
5.51 6.50 bid 15.30
0.25 nominal
September Spol
446 traded
5.58 traded
5.25
fied · Press.
and DIRECT FLIGHT to RANGOON
BANGKOK/PENANG & SINGAPORE ON WEDNESDAY BANGKOK/RANGOON & CALCUTTA ON FRIDAY
For full particulars, please apply:
General Agents:
SOUTH EAST ASIA TRADING CO., (SIAM)' LTD:
69 Connaught Road, West. Peninsula Hotel, Kowloon.
Booking Agents:
Tel: 24292
Tel: 56416
AUW PIT SENG'S TRADING CO., LTD. 10, Pedder Street, Tel: 26733
CHIANG HUAT HONG
340 Queen's Road, West, Tel: 36204
Hy TO NORTH AMERICA By CANADIAN PACIFIC
Shortest Fastest Roate Across the North Pacific. EVERY FRIDAY
*. 4-engined
from HONGKONG via TOKYO
• Speediest Route "Empresses"
• Perfect Cuisine Comfort Bilingual
• Pressurized, Roomy
• "Loungairo" Chairs
Stewardessen
Canadian Pacific
́ ́AIRLINES
UNION BLDG,
- TEL- 33966-7-8°
"WINGS OF THE WORLD'S GREATEST TRÁVEL BYSTEN”
Pacific Far East Live, Inc.
Fast Regular Trans-Pacific Service
OVERLAND
NEW-YORK-CHICAGO DETROIT-TOMONTO MONTREAL AND ALL AMERICAN, & ¦ CANADIAN CITIES
Rates
Businem
was done in the local exchango market
DIZKOT BAN FRANCHICO, Los Angeles
13.60
11.025
330
100)
20,00
Front
Bingapore (Stralia)
TIG pentru (per 100)~
19.00
Buyers Hold OFF
Exchanges. In NY
"EDGAR LUCKENBACH*
(*). L.- LUCKENDA.CI".
Ban Francisco.
Let
Straka
·Ban Francisco.
Price for copre and coconut
©New+ York; Apr; 177 was with ng Capadian
Copra dipped,
Arrives
May கன்
FOT Skigapore, Djakarta, Ja
Gimbay. Al ́Isaruoti).
Ban: Franciaco, via Kobe.
Kviz Kato, Nagoya in Yoko