Page
MESSAGERIES
M
"LES GLIERES"
ARRIVALS
from Europe
SAILINGS
THE CHINA MAIL, WEDNESDAY, APRIL 25, 1951.
MARITIMES
London Stocks Firm Up
M
PASSENGER/FREIGHT SERVICE
"LA MARSEILLAISE” "LA MARSEILLAISE” "FELIX ROUSSEL"
"CDT DORISE"
"SAINT VALERY"
"BREST"
to Japan via Menila
1st May
6th May 10 Marseilles via Manlis 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, TANGIEŘ, CASABLANCA, HAVRE. DUNKIRK, ANTWERP & ROTTERDAM,
CIE DES Messageries MaritimES
Queen's Bulling
Tel. 28651 (Three Lines)
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, via SAN FRANCISCO, LOS ANGELES AND PANAMA,
NEXT SAILINGS
M.S. "PETER MAERSK”
M.S. "LEXA MAERSK❞
M.S. "SALLY MAERSK"
M.S. "SALLY MAERSK"
M.S. "CORONA"
M.S. "ANNA MAERSK”
ARRIVALS FROM U.S.A.
Apr. 30
May 15
May 31
May 8
May 19
May 30
For Freights and Further Particulars please apply to:
'AGENTS:
JEBSEN & CO.
Pedder Building
Tel. Nos, 26661-8.
More Manpower In Britain For Armament Industry
London, Apr. 24.
Further indications of the effect of the British de- fence programme on the manpower situation are given by employment figures issued by the Ministry of Labour.
They show that unemployment fell by March 12. to 274,900, its lowest level since June last year.
While there is normally af decline in the numbers of un- employed during February, the new level represented drop of about 27,000 over the four weeks, compared with 25,500 over the same period in 1950.
Mennwhile, the total work- ing population, which usually shows a decline in February, had risen by the end of the month by 12,000 to 23,201,000, Of the aggregate increase 0,000 were men,
This was also the extent of the increase in the labour force employed in the main rearma- ment industries, metals, en- gineering and vehicles, com- pared with a rise of only 2,000 during February last year.
The rate of increase in these Industries, which jumped by 4,000 in January,
was there fore continued. labour force is now the highest it has ever been since the re classification of Industries 1048.
Their total
in
Another significant feature was an increase of 3,000 in workers employed in chemical manufacture,
as a
The basic Industries whole had a decrease of 2,000 in employment during the month. The number of miners by 4,800 but agricul- zurosesilmoted to-have-
by about 0,009.
declined
Grain Prices
In Chicago
Chicago, Apr. 24. Prices of grain futures closed here today as follows:-
Wheat-price per bushel
Spot May
July.
Eeptember
December
Corn
Spot
Mey
July
September
December
ה
0012
Aid Plan For
Indonesia
New York, Apr. 24.
Sir Mirza Ismail, United Na- tions technical assistance resi dent representative for In- for donesia, will leave here Djakarta on May 27 to take up his new post.
The former Prime Minister of Hyderabad and Mysore States cld the Press here: “I am con- fident that the experience and disinterested services of United Nations specialised agencles can be of considerable valud to In ciunesia in developing what are among the richest resources of Asia and In helping her people to achieve higher living stan dards,
"I hope that my own experi- ence in India la facing similar problems may be of use In a country in which I have many friends,"
The assistance plan is being Ananced under the expanded programme of technical assis tance for the economic, develop- ment of under-developed coun- tries, Reuter,
Japanese Bonda In London
London, Apr. 28, bonds 14 s. at 149
paneso
"D" (5 of 1991)
United "Press. New York, Apr. 24. Japanse bonds weakened and Brazilian issues showed strength in the foreign dollar section of the bond market. today, Associated Press.
Exchanges In NY
New York, Apr 242 Closing foreign exchange:" Belghum Bwitzerland A
28.17
Others unchanged.—Associat-
London, Apr. 24. Wond-that-the-Labour Government plans to avald A general election at this time led to general firm- ness on the London stock Exchange today. British Government bonda perked up all along the line, some showing gains of up to li of a point at the close,
Industrial
Bhares were mixed but plus signs were is the majority, Shipping and copper ismica moved Higher,
Financial Times' Index: 131.2.-Associated Press,
U.S. PLACES
CEILINGS
ON PRICES
Washington, Apr. 24. The Government today clear- ed the way for the first big price rollback by clumping celling prices on 79,000 manu- facturers who do a $70,000 200,- 000
annual business in items ranging from candy to televi- slon sete.
said
Simultaneously, the Secretary of Agriculture, Charles Brannan, the Government may eventually have to resort to subsidies on milk and certain other foods to stabilise prices.
It would be unfair to farmers for the Congress to lower their minimum prices, he suld.
The new ceilings, effective on May 28, allow manufacturers to charpe only pre-Korean prices plus actual increases since then in their material and factory waje costs,
the
The order repluces general freeze imposed ins; Jan. 25. Among the products affected radio and television sets,
are
refrigerators, washing machines, furniture, hardware, automobile tyres and other rubber goods, paper and paper products, most chemicals and many building materialy. Automoties were among the products specifically
from exempted
the orders United Press,
Selling Hits Wall St.
New York, Apr. 24.
A sudden wave of selling late in the session pushed prices down fractions to around US$1 a share today after the stock market had wavered uncertainty during the first four hours of trading.
A few stocks dropped as much as US$2, but most of the losses were fractional.
Transfers totalled shares.
મ
1,420,000
Six hundred and twenty-two ssues declined and 247 advanced. Among stumblers were Douglas Aircraft, Armour and Company, Consolidated Edison, Sinclair Oil, Texas Company, Gulf Oil.
Gainers included Union Oil of California.
Dow Jones averages: Stocks
20 Industrials 15 Railroads 10 Utilitles
02,70 254.19 82,03 42.30
-Associated Press.
The Rubber Markets
London, Apr. 24. Prices of rubber futures closed here today as follows:- Number 1 rubber,
In cents per 5. June
July/September October/December
57-14-50-! 37-15-92
BRITAIN PUTTING LAST
TOUCHES TO THE BIF
Exhibits At £10
Valued
Million
London, Apr. 24.
Some 3,000 artists, designers, ·painters, car penters, electricians, plumbers and labourers are now at work at Earls Court and Olympia in Lon- don, and at Castle Bromwich, Birmingham, putting the Inst touches to the 30th and biggest-ever Bri- tish Industries Fair.
This year's fair, with a rough evaluation of exhibits, &c., approaching £10,000,000, is the first event in the six-months' Festival of Britain season.
The fair opens at 9.30 am,
on Monday, April 30, and will run until 4 p.m. on Friday, May 11. It will not be open on Sun- day, May 6,
When It opens, workers will have erected stands for 2,061 exhibitors in 80 industries. They will have moved into display positions over 2,500 tons of machinery. equipment goods, and will have laid for the Best lime at any B.IF, over ong million sq. ft. of stand 1,028,584 sq. flooring-actually
[1.
and
HONGKONG
SHARE MARKET
Shipping Companies Complaints
Colombo, Apr. 24: The Ceylon Government mission to investigate alle- may request Royal.Com-
gations of delays in un- loading ships at Colombo, the Times of Ceylon re- ported today.
These allegations were made by shipping companies who had announced a surcharge of 25 per cent on freight rates from Britain and Continental Europe, to Ceylon, the paper said.
I added that the offelal view was that the Government would}
o
R. I L
ROYAL INTEROCEAN.... LINES
SINGAPORE JAVA
PORT and
MACASSAR
TJITJALENGKA"
.“TASMAN”
"TJIWANGI"
"VAN HEUTSZ"
MANILA, EAST & SOUTH AFRICA and SOUTH AMERICA
**TEGELBERG”. *TJIMENTENG” *TJIKAMPEK" "RUYS"
JAPAN
"TASMAN”
**TEGELBERG”" “TJIKAMPER" "RUYS"
"VAN HEUTSZ"
ARRIVALS .2Bil Apr. 3rd May .11th May .21st May
ARRIVALS
8th May .17th May .14th May
ARRIVALS
11th May
,30th May
SAILINGS
1st May'
17th May
SAILINGS
13th May
Early July
SAILINGS
8th May
19th May
16th May
22nd May
demant proof of the allegations. Agents: HOLLAND EAST ASIA LINE
If they were correct, the Govern-
ment would have to take over the loading of the ships itself, and would then have to assume
Transaction on the Hong-some form of "control" over cong Stock Exchange this ships using Colombo's port, the morning totalled $239,000, Noon article added. prices and business done:- SHARES BUYERS SELLERS BALES BANKS
Colonel
Paul Aifred Jolin Hernu, chairman of the Coloinbo Pont Commission, said that con- BO 1300 gastion had occurred only within the last month owing to the heavy purchases of rice from Burma.
HK Bank .. 1385 1400 INSURANCES
Unka....... 740
DOCKS, ETC.
N. P. What Dock XD Provident XD
43 7 745
8.10
13 3015
Hic Hotel.. Bl 5.65 3 Land
4035 S'ha Land, Σ
LAND, ETC.
This figure represents standi space only, and does not take into account the 30 miles of gangways which emphasise the vastness of the B.I.F. us an Each ex- annual undertaking. hibition hall is on the scale of and the three halls a town, together require more than 1,000 miles of
and electric wiring cable, over 50,000 light fittings, some 10,000 power paints, nearly UTILITIES 4,000 telephones, und enough electricity. Kas and maintain a community of 140,- 000 inhabitants.
Tram
C. Lig (B) 5.48 water to
Electric
A
Telephone
INDUSTRIALS
Cement Fuspe
MANY FACILITIES
The buildings have amer- town-sized Kency hospitals, telephone exchanges, generating STORES, ETC. situtions, banks, post offices, Polico forces, fire brigades, They clubs, restaurants, bars,
Only some half dozen ships had been affected during the first throe wesks. There was no justi- feation for the surcharge in his view.
A senior Government official said that the matter was being 500 @ 1.00 considered at the highest level. He declined further comment,-- Reuter.
500 11
2211 2012 100 @ 13
r
10002244
500 10??
1500
0.25
10 10 200 @ 10%
Daley XD. 11,00 Watson ... L. Crawford 25!
12
17
have their own railway stations and bus services, and the Bir-COTTONS mingham section has, in ad- END ... dition, its own airfield,
2.50
500 $19
150 # 17
500 m 20
the TIN MARKET
Outstanding' features of this year's fair will include textiles and clothing display at Earls Court. With 336 manufac- turers presenting their latest ex- port products on stand space totalling 145,410 sq. ft., this will be the biggest show of its kind ever to be held in Britain.
At castle Bromwich there is another biggest-ever group dis- play-of contractors' plant presented by member firms of the Federation of Manufacturers of Contractors' Plant. This show. mainly in the outdoor section because of the size of the ex- hibits, covers 70,000 sq. ft.
almost
Manufacturers from every part of the United King- dom will be represented among the 2,801 exhibitors. England
FIRMNESS
London, Apr. 24. The lin market
was firmer today, Turnover was 130 tons, including 40 tons for cash.
Prices closed at the end the official morning session follows:-
Spot tin, buyers Spot tin, sefters
Business done al Three-months tin, buyers Three-month tin, sellers Zusiness done at Settlement
Quiet Trade
In Cotton Futures
New York, Apr. 24. The cotlon market went. through another quiet session. Prices
rallied briskly at the close, taking cue from the
the
strength In grains and firmness in other commodities. Traders divided their attention between the Korean war news and evening up operations in May delicvery before the first notice day on Wednesday.
of
us
A leading spot firm sold around 20,000 bales of May delivery against purchases of 10,000 bales of July and .De- cember deliveries, Spot month remained at the celling price.
1.170
1.168. Open contracts at the start of
trading totalled 370,500 bales.
1,165
The market
opened 7
points 1,240
It backed to 2 lower. 1.148 higher 1,140 and filled over a narrow range, 1,165
then moved up in the last hour to close very steady and un- changed to 15 points higher.
Prices closed as follows:--
-United-Press.
provides 2.772 of them, the Lon- New York Sugar
don southeastern area lead-
and ing with 1,378 and the Midlands following with 563, Scotland is represented by 50 manufac- turers, Wales by 30. and Northern Ireland by nine.
OVERSEAS VISITORS
Futures
New York, Apr. 24. Domestic sugar futures No. 0 closed one to three higher,. July September
Special cards have been sent November
6.77 5.64
3.68 nominal
out from B.I.F. headquarters Domestic sugar futures No. 5
in London, and from Govern- closed quiet with no sales. ment commercial posts overseas, Mov
to 200,000 buyers in 141 terri- July dories inviting them to visit September
'the fair.
Q
March
Spot
May
July
October
December
March (1953)
May
July
October
46.40
45.30
45.10
29,69
39.34
30.07
United Press.
•
•
•
EUROPE via MANILA and MALAYA *LANGLEESCOT"
"ARENDSKERK”
Not calling at Munija
Through_Ba/L faved 10 Mediterranean and Northern European Ports.
JAPAN
"LANGLEESCOT” "ARENDSKERK"
† via Manila,
ARRIVALS
In Port
.. 18th May
SAILINGS 20th May* Mki. Jane
ARRIVALS
18th May Mid, June
SAILINGS
27th Aprit
24th Mayt
#SKINGS BUILDINGSTEILNIONIST 9901SEFOSOVËS
M.V. "LA MARSEILLAISE”
12 days roundtrip
To Manila and Japan
Sailing from Hongkong
Sunday 6th May, 11 p.m.
Back in Hongkong
Friday 18th May, 6 p.m.
Cie Des Messageries Maritimes
Queen's. Building
Tel: 26051 (3 lines).
S. A. C.
NEW ORLEANS MARKET. Every TUESDAY is SAC DAY to BANGKOK
New Orleans, Apr. 24.
Collon futures closed un- changed to 80 cents a balo
5.67 nominal
5,09 bld
6.70
6.23
higher. May July
October
6,95 nominal December Raw sugar spot
--Associated Press.
Pepper Market Dull Affair
March
Spot cotton al ceiling prices.
45,30
46.02 bid
39.77
30.24
39.27
was unchanged
Middling 44.01.- Associated Press,
Rates
The circulation of Invitation cards for the B.L.F. is based on mailing register compiled year by year from personal de- tails collected from every over- seas buyer who visits the fair, and from lists of overseas.con- tacts supplied by exhibiting firms. The reglater, which is confidential, is probably most complete of its kind in
Business was done, in the local the world. Additional mailing mained a dull and featureless unometal exchange market this IB3-12-194-13 lists are maintained by the affair, Buyers and sellers marked morning at the following i tales 181-1-102-14-commercial departments of time awaiting the Korean wie Sterling-nots (per-1)
US dollars (per $1) ... British Government
of the Indonesia guilders (per 1001 posts news and the issuance abroad, who issue invitations long-awaited import order. Sisi Ulcala (per 100)
Singapore Stralis) independently,
03-16-54 United Press. SINGAPORE MARKET
Singapore, Apr: 24. Prices of rubber futures closed here today as follows:- Number 1 rubber,
196-197 per 1 April May
June
"Number rubber,
April
Number 3 rubber,
April
Number 4/rubbar,
April
188-190
103-185
177-170-
Spot rubber.
104-100
244-140
unbaled
Black crepe
Ne, i pale crepo
205-216 United Press,
Malayan Rubber
For Russia
Singapore, Apr, 24. The Russian freighter Vilnus )salled" for Odessa - Today carry- Ing 0,000 tons of Malayan rubber--the biggest such single enrgo every chipped to the Soviata, The
valued at Straits $2,500,000,0
The Grubber, was - purchased before the Governinen import site destinational control star on April 9 Ansoolated
the
The organisera of the fair are optimistic that buyer reaction in most countries will be up to when last year's record level, attendance of buyers tróm mora than 100 territories: totalled 19,005.
New York, Apr. 24. The black pepper market re-
Exchange
On a nominal basis, spot FIC astres (per 100) pepper was quoted at between $1,01-$1.00- 3 pound, ex-dock.
United Press.
TEXTILE MARKET
15,00
13.85
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
Pacific Far East Line, Inc.
Fast Regular Trans-Pacific Servico
OVERLAND
NEW YORK-CHICAGO DETROIT-TORONTO- KONTREAL" AND "ALL "AMERICAN & CANADIAN" CITIES,
والدة
DIRECT
SAN FRANCISCO, LOS ANGELES
::
From
Ban Francisco
Arrives
May,
May
May 0
May
May
Jun..14
American commerce marketing |
New York, Apr. 24. specialists of the Economic Co- The colton dextile market operation Administration will was dull with all sections. of again be present at the fair to the industry awaiting a new assist exhibitors seeking entry textile pricing order, Offerings
Vimsel in- cloths of re-sale print into the United States market
slightly, ·with prices.
"EDGAR LUCKENBACH”
··· Reflecting Britain's need-to-ending lower.
The popular maintain dollar exporis in face 30-quare print cloth sold as J, LZ LUCKENBACH".
yard in man of the heavy demands of her low as 272-cents rearmament: programme, tho
promp
delivery. In second. "LIAMNA” ECA exhibits will present The wool goods market waakonas LUCERNDACH"
four hands
· “MATURW "LUCKENKACHI" themes: “(1) America's T sional minykels, (3) the way to dull as mills and buyers awhit- is markets (a) British ed, further pricier develop goods in Americhia murkota) (4) mehts at Washington:che? 1 American Government orvipes Demand; for wayphs was poor in Britain for British; exporters: {* ABOSIB PT CELEBERART
a
For full
Вел
Barg
For
Singapore, Pjakarta, Bombay
Karachi
| San Francisco, Los Angeles,
via Hobe. Nagoya & Yüketima Ban Francisco de Los Angeles' via Kobe, Nagoya & YahROR>#{TSIN. Ban Trancisco, da Lon Anggies.
Aingapore Djakamba, Borobay
Caricht
asil: Uutted Biates Lano Co, General Agents, Queen's Buliding, TRÍL 1