Page
THE CHINA MAIL, WEDNESDAY, MAY 9, 1951.
MESSAGERIES WAY MARITIMES PRICE DRIFT
M
ARRIVALS
"LA MARSEILLAISE” from Japan
SAILINGS
M
PASSENGER/FREIGHT SERVICE
"LA MARSEILLAISE” "FELIX ROUSSEL"
"RRIANCON"
18th May
to Marseilles via Manila 19th May to Marseilles
....... 23rd June
FREIGHT SERVICE
... N. Africa & Europe, 25th May
for
PORT SAID, TUNIS, MARSEILLES, ALGIERS, ORAN, TANGIER, CASABLANCA, HAVRE, DUNKIRK, ANTWERP & KÖTTERDAM.
CIE DES MESSAGERIES MARITIMES Queen's Building
Tel. 26651 (Three Lines)
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & Philadelphia, vla SAN FRANCISCO, LOS ANGELES AND PANAMA,
NEXT SAILINGS
M.S. "LEXA MAERSK"
M.S. "SALLY MAERSK"
M.S.
"CORONA"
ARRIVALS FROM U.S.A.
M.S. "CORONA"
"ANNA MAERSK" M.S. M.S. "GRETE MAERSK"
ON LONDON EXCHANGE
London, May 8.
Trading was light and
prices
drifted in somo
of
sectiona
the London Stock Exchange today,
ECONOMIC & MILITARY ASPECTS OF AVIATION
TRANSPORT
London, May 8.
In the shaping of the world's economy, air? transport is one of the unpredictables, particularly Tin, rubber and industrial in its relation to defence,
shares showed
u Kehervus "That it will be a vital element of United Na-
sprinkling of minus signs at the
HONGKONG
SHARE MARKET
volume of business
Dish. Oll, copper noldtions political power first and the backbone of mili-transacted on the Stock Exchange issues challted up a few modest tary power second, there is no doubt;
gains,
British Government bonds were in little demand and shed small fractions.
The Financial Times' index was 1363.-Associated Press,
NEW YORK STOCKS
New York, May 8. Chemicals flared into activity at sharply higher prices today in the stock market, but the rest of the 1st followed reluctantly.
beyond $3 a share in Gains ran the chemical group. Otherwise,
The top advance was held in the $1 and $2 range. At the same i time, there were plenty of issues of the niinus ide, some by more than $to share,
Despite the localised buying activity. the tatal of trading
Rail came to 1,500,000 shares. roads, early in the session, pro- vided n rally point for the market with du advance that at times became extremely labour- ed. The market did not respond
to the stimulant.
Curb stocks inclined higher, Government bonds gave ground in light rating witich was reported to be mostly among dealers themselves.
Dow Jones averages: Blocks
May 15
May 31
20 Industrials
June 14
15 Railroads
Ja Uilities
05.27 261.10 85.03 42,52
-Associated Press,
May 19
June S June 23
For Freights and Further Particulars please apply to:-
AGENTS:
JEBSEN & CO.
Pedder Building
Economically, the effective capacity of civil air transport can be translated into anywhere in the world.
ton-miles airlift
the normal
£275. Fares for children will be 10 per cent of the full fare for children of less than an
two years of age, and 50 per cent for those be- tween two and 12 years.
There is the possibility that such an airlift will be required to prevent famise in the sub- continent of India. How undertaking of this kind can be controlled is of course a major problem, and this is linked with the defence plans of the western nations.
this
war 15
Both these new fackitles are available for travel to London by the B.O.A.C. vices,
Hermes ser-
this morning, was valued ai $07,639,10. The half day's busi- ness and naon prices were 415 follow:
SHARES BUYERS BELLERS SALES BANKS
1380 1985
191
710
HK Bank That Asto INSURANCES
Union 240.. Underwriters stOPPING
Ada Naw DOCKS. ENG. -
K: What
N. P. Wharf Dock.... Provident Wheelock...
LAND, ETC.
HKC Hote
HK Land XB Shal Land UTILITIES
Tram
* 1000 @ 3
3504 1.03
72 73
6
121
330 @ 5.43
1.10
11.78 200
Light (0) 0.80
C. Light (N) 3+ C. Light (B) Electric
The part played by US. civil vinton In the last
it is to be noted In Europe, common knowledge. In many that Pan American Airways are ways it was merely a change of paying increasing attention to Lille organisation being Fan Ameri- second weekly flight from New to Transpor! Command, the the Romo alr junction. A can. Already
Brent air York and Boston to Rome by second line of American air- addition transport undertaking iu the way of Nice has started. The at this fight means power and
engaged en major that Home will be served by problems of military airlift in Pan American five times week- the Far East,
ly, three times by way of Paris British civil air transport and twice by way of Nice. must be a merchant air service,
Rome thus becomes the Pan even if plans have to be pre-American Junction
Tel. XD point for
INDUSTRIALS pared for operation under war North Atlantic and mid-Atlantic Cement conditions. Our civil airline routes. Singe January the
Rope... corporations should never again
Italian capital has been served STORES, ETC. be split up under
Dairy 2 Services three times weekly with Stralo-
1. Crawford command if the course
Constellation ut cruisers.
type COTTONS events led to a state of war.
Clippers are now in service on Ewo the mid-Atlantic Toute to INTERNATIONAL ASPECT Rome.
It is improbable that there will be sufficient international support the widest
NEW ASSOCIATION
At a meeting held in Paris,
Grain Prices upon of an overall plan, for under the chairmanship of Mr
In Chicago
Chicago, May 8. Prices of grain futures closed here today as follows:--- Wheat-price per shel
Spot
Tel. Nos. 26661-3.
May
July
September
December
Corn
Spol
Maj
July
U.S. Gives Tariff
Το
Concessions To Seventeen Nations
Washington, May 8.
The U.S. has granted sweeping new tariff con- cessions to 17 Western countries in another major move to expand world commerce.
Reduced duties covering $419,271,000 in foreign shipment to the U.S. will start going into effect on June 6 under the new-international-agreements.-
At the same time, existing low rates will be maintained on $58,305,000 in foreign imports,
diarts.
an
In return, foreign govern- ments have agreed to cut tariffs or keep from raising rates $1,157,000,000 of American pro-
its reduced levies on many articles ranging motala in short supply CEDTAL here to certain foods, 11 won concessions for sale proud of
This
country
many American farm products, chemicals and machinery among other things. The new agree ments, announced today by the Slate Department, gotiated during a seven-mont tariff conference at Torquay, England, which ended on April
21.
were
ne-
Featureless Day In NY Cotton
New York, May 8. Cotton futures were steadier today but otherwise the market proved a quiet and featureless affair. Some local and New Orleans professionals utilised actions to cover. New speculative Street traders seemed to be pre- interest remained dormant. occupied with stock markel developments. News from the South remained favourable.
The market opened up 1 to 2
Thereafter H
moved
Wall
Thirty-four nations, account ing for 80 per cent of world commerce, attended the meet-points, ing. It marked the third time irregularly higher to close un- that Western countries have changed to up 18 points.
Prices closed as follows:- banded together to reduce trade barriers since World War 11 ended.
SOVIET BLOC
Spol
May
July
October
46.00
45,30
45.00
29.41
38.89.38.00 38.00 30.01
September December
Kye
May
July
Oas
May
July
2.4414 2.441 2.40%- 2.487- 2.51
1.02%
1.797.
1.821-14
1.70-4 1,00
2.03
1.0022
alt. 8024-
New York flour-per 200 lb. sack? |_313.05.-United Press
New York Sugar Futures
New York, May 8. Jaugar
civil aviation under the aegis} J. Beeson,
of
the
world's air transport being
an International
MacDo
Electric Macao (N)
8888 88 88
5688
•
•
404 10
BIL
- 500 10:4
11
11% 1214 300 @ 12%
201
214
The Rubber
Markets
London, May 1.
Prices of rubber futures closed
here today as follows: Number 1 rubber, in cents
per th. June July/September October/December
or the International Air Trans- Association of Aircraft Brokers port Organisation which would was formed imply the majorly
The policy of the association, drafted at the meeting on broad available on paper" where and lines, is:-The establishment of when required.
good market conditions and the
international would be too much to as placing sume that all members of this business on solid and firm January/March International body are of one foundations; to provide facilities political mind. cr that the for its members to increase
of
air
4715-48
4724-48
4714-12
4812-74
··Page 9--
RIL
ROYAL
INTEROCEAN.
SINGAPORE JAVA
PORT and MACASSAR "TASMAN" "TIWANGI"
"VAN HEUTSZ”
"TJITJALENGKA"
ARRIVALS
In Fort .19th May 2nd Mar .J1st May
* not calling at Singapore,
MANILA, EAST &
SOUTH AFRICA and
SOUTH AMERICA "TEGELBERG" "TJIMENTENG" "RDYS" "TJIKAMPEK"
JAPAN "TEGELBERG" “TASMAN" "TJIKAMPEK” "VAN HIEUTSZ” **TJIMENTENG" "RUYS"
† via Manila,
ARRIVALS
13th May .15th May 19th May ARRIVALS .15th May .Early June
Late June
Early July
LINES
SAILINGS Farly June
17th May*
5th June
SAILINGS
17th May Late June Early July
SAILINGS
.:
19th May
ist Mart 23rd May
31st Mayt
Mid Jone
Agents: HOLLAND EAST ASIA LINE
EUROPE via MANILA
and MALAYA
"LANGLEESCOT”
"ARENDSKERK"
Not calling at Manija
Through B/L Issued so Mediterranean and Northern European Ports,
JAPAN "LANGLEESCOT" "ARENDSKERK"
† via Manlia,
ARRIVALS
.18th May.
ARRIVALS
18th Mar
. 10th June
SAILINGS 20th May. 12th June
SAILINGS
24th Mayt
REAKİNGS" CİLDING TETEPONEST 28015ELD, CRIS
4045-40 PENINSULAR
Vrated Press. SINGAPORE MARKET various State Dirlines, "chosen business; organising a beller
Singapore, May 8. Instruments!! and ostensibly information service between its Prices of rubber futures privately-owned operators of
of members; organising the co- dosed here today as follows:- Scheduled air routes, could be operative study of documents of Number 1 rubber, per lb. successfully co-ordinated. Prob-carriage, with the
... 1725-130% object of June
1691-170 lems of aircraft types, main improving on existing ones or July
10715-188 tenance, spares, scales of wages drafting new ones, and to draft Number 3 rubber, May 16915-17015 and divided executive responsl- a suitable form of contract for Mamber rubber, May 103-104
Number 3 rubber, May 1871-160 blitics would create chaotic the sale and purchase of aircraft pot rubler, umbaled .. 12304-174 conditions.
and parts,
May
Black crep
442-114
In the event of Great Britain It was decided that aircraft Na 1 pale crepe 185-195 being involved again in a total brokers would be recognised by
United Press. war, it is already concluded that the association, and could be
NY MARKET B.O.A.C. would be responsible approved
New York, May 8. by the board for maintaining Commonwealth membership, if they are actively smoked sheet,
Crude rubber: No. 1 ribbed communications and rightly
00 asked.~A§- in the business of sociated Press. being equipped and organised engaged bet:er than
the chartering aircraft, any suddenly
pro-
for
60,
expanded R.A.F. Transport Com-motion of air business generally LONDON TIN
The
mand could be under any title or the sale and purchase of air- 8.0.A.C. would preserve its craft, or parts, Intending mem- World
futures closed identi
bers
would have to have the same thing should here today 19 points higher to
apply to British European Air on the business actively, and Air necessary organisation to carry 1 point lower, with sales total ways. ling 317 contracts."
Str Miles
les Thomas, chairman of they would have to be carefully 68.0.A.C., is making the tour of approved by the board of the
South American and Caribbean
association. routes and stations because, since British South American
Contract No. 6 closed 5 to points higher, with sales total Ming 457 contracts. Closing prices)~~ Contract No. 4 (world) May
6,37 tended
8.37-030 traded 5.30
July
September
Spat
C.:0
Contract No. 'a'
July
5.84 traded
September
Spot
3.89 traded 5.00
-United Press,
were merged with Runways
an
COMMITTEE SET UP
MARKET
London, May B The tin market was steady this morning. Turnover was 115 tons, including 75 tons for casii
Prices closed at the end of the official micrning session as
buyers
22. Ci A committee of 10 was set up follows:- they have been concerned over to canvass for members, to Spot tin, buyers the traffic position, both on the make known the policy of the Spat in, sellors cast and west cos
coast of South America. 101
association, and to study the Business done at area of intense drafting of rules and the ad-The-months th competition and the corporation's ministration of the association. Thre-months tin, business in Peru and Chile bes The committee comists of one been
Sellers particularly disappointing. broker member from each coun-
Businers done al On the east coast, in Brazil and the Argentine, there is greater and invitations to join the com-
represented at the meeting, Seulement
try
Compromise Onion, and Sir Mies wants mittes were given to the secre-
Copper Duty
Washington, May 8. Senate and House conferees agreed today on a compromise measure suspending the import duty on copper,
Under it the Iwo cents a pound duly would be lifted be- tween April, 1952. and Feb. 15, 1953, or the end of the present emergency, whichever is soonest. Those were the dales set in the Senate bill.
The compromise
must now be accepted by the House and Senate Associated Press.
to ensure by personal examint tary of the Airbrokers' Associa tion that sales methods and tion in London and the services are up to the stand- of the Bourse Internationale de secretary ard to attract more business. Fret Aerien de Paris. These
FARES OUT
Pepper
::
1,140 1.145 1,140-1,145
1,120
-
1,125
1,120
7,140 United Prem.
Market
New York, May 8. The black pepper market ro- two laiter organisations are mined dull and easier in tone. being asked for their support Traders continued to mark time reductions in and assistance in the drafting of Government import order and Spending clarification of the fares for families. flying be- rules and administration proce Holding of the industry's
on an
at
ex-dock
Considérable
tween Central Africa and this dure. country have been introduced The committee
sitional In composed
convention which gets by Central
Africa Airways, of the following brokers-J, undagi way. next Monday B.O.A.C., and South African Beeson (E. A. Gibson and Co., Ashville, North Carolina. Airways. Employees of British Lid.), representing the U.X; M. Sellers indicated $1.81———-1.62 firms lving in Central Africa Bergoust (Air Services, A/8.), per pound on a nominal basis for and returning to Britain on representing Norway; &, Blldall positions with tentative in- leave with their families will be berg (Bildberg Metcalfe and Co. qury indicated around $158 —-
AVEN among those to
R.1.60 a pound, benent as a
representing Sweden; Callet result of the family fores. Collet (Societe D'Entreprises de basis. United Press.
The new concessions arc
sport « et: Transia repre- France; C. Dockheer avaliable to residents of South-
(Wm. H. Muller and Co Exchange Rates ern and Northern Rhodesia and WT Nyasaland. The normal return nav.) representing Holland; R. fare between Salisbury (South Gmeiner (Air Service Interna- Business was done in the local. Rhodesia) and London via tional), representing Italy; morning at the following rates:
Cunofficial exchange market, this Washington, May-8.
Nairobi-or-Livingstone is £275 Jessen (Air Clearance. Associa- Sterling note (per El 15,32 The Agriculture Department Bs. This fare is payable in full tion of Copenhagen, Inc.), Teus dollars (per 11 0,1423 estimated the 1951 colton crop by the head of the family (who resenting Denmark; It, Santa Indonesia guilders (per 1001
Paul Gunther), Germany; also at 10,012,000 bates, an increase be the wife, if she is. Dervlet (Bourse Interna over the 0,864,000 estimated just travelling without her husband), tionale Fret Aerien te
do December.
but a reduction of £100 Paris); and J. Logan (A made for a wife travelling with brokers' Association, London) her husband and for their children aged between 12 and 21- and of £143 4s for children
1821 nomina US. COTTON CROP
December March (1952) ALAY Juty October
34.22 norminal -United “ProIE NEW ORLEANS MARKET
Clowing rate-
The 17 nations with which the US. concluded new agree- ments are Belgium, Brazil, Canada, Denmark, the Domini- can Republic, France, Indonesin Italy, Netherlands, Norway,
Spot Luxembourg, Sweden, Austria, May Peru July Germany, South Korea,
October and Turkey.
December March (1932) MRY
October
Iven though the tariff cuts were
with negociated
these nations, they will apply to all countries including the Russin bloc, which ship the same pro- ducts to the U.S. In most cases, however, the 17 nations are the principal suppliers,
July
May-1.
44.91 15.39 bid 43.02
39.31.10.32 30.80 38,70 bid 30.63 bid 30.23 bid 38.24 bid
United Press,
ESTIMATE
It said the carry-over on Au- gust will total less than 2,000,- 000 bales, the lowest reserve in 25 years-United Press,
Japanese Bonds DUTCH BUDGET
London, May 8.
bonde "A" (4 x, of 1099) #1
j. of ipio) 40· (5 of 1007) 50 D” (5. %. of 1034) BI *" (8th of 1934) 05
Among the products on which the U.S. granted concessions ago | Japanego lend, zinc, Canadian - type whiskey, cigarette leaf tobacco, aluminium, long-staple cotton,
and precious
semi-precious stance, Jacco and Embroideries, flower bulbs, sugar, (excopt from Cuba and the Philippinks), chepec, and ceriaip....kypes of fish.
1: The list of products on which
Compis
United Press,
--Bank Quotations
The Hague, May 6, The Netherlands today an- nounced a $400,000,000 per year budget and outlined a plan for the expansion of He armed forces for the text four years, -United Press.
may
agod between two 12 TEXTILE MARKET
Children under two travel, for
10 per cent, of the normal fare.
New York, lányr., 8.
A man and his wife travelling The cotton textile market with two teen-age children deployed un essler tone today. would thus save £300. Families Rosate offerings were in fair of any size are eligible but will supply normally be required to travel The obl goods market was together. "Similar concessions in the diidiums, « --17 apply from any point in Cen- Rayon goods were ixtendy but tral Africa where through fares slow Associated Peers,
introduced Concorsion
· Exchanges In NY by CAA, BOAC, and SPAVAC sy m
SPICE TABLET WTA Miału) i for: rellonis of the
of the dirvo“ which New York, May:0) | | tral
» New York, May, B.-J **Foreign birdhangonangkan
| the Van won conocasiona Lingerbankequatatimant, cutting #Canada.
cludes most American products | Bank of America siz bid, daj asked || Crest Dritain
Chase Natioriál do trid, 26. makad
•Holland f shipped⠀ abroad, ***Ausociated
National City, 433), bid, : 4530 naked, Spittarland". Press
**/issociated Press..
(there unetianaudi
to London
Coli
a result,
Lond
tween Salisbury, and London will.com #2527. compared with..
territories 15
turmo
Blam ticais (per 100) Alagapare (Siraits) FIC plastres (per 100)
& ORIENTAL
QUIS HOS
STEAM NAVIGATION COMPANY
R.M.S. "CANTON
SAILS:
HONG BA LEVO
NOTICE TO PASSENGERS
BAGGAGE::
SATURDAY the 12th MAY, at ̃5.00 p.m. for the UNITED KINGDOM vie Straits, Colombo, Bombay, Aden and Port Said.
ALL passengers baggage must be sent to the Hongkong & Kowloon Wharf Co.'s Godown at NO. 2 GATE, CAN- TON ROAD ENTRANCE by NOON on FRIDAY the 11TH MAY,
SPECIAL NOTE: With the exception of hand packages carried by passengers themselves, ALL BAGGAGE. must pass through the Wharf Co.'s Godown for loading on board by ship's slinge only.
EMBARKATION:
Will také pince on SATURDAY the 12TH MAY between 2.00 p.m. atid 4,00 p.m.
STATES STEAMSHIP CO.
S.S. "COLORADO"
́LOADING ABOUT 10th JUNE
FOR
VANCOUVER, SEATTLE & PORTLAND DIRECT
DODWELL
7.20 27.00 1,753
Agents
13.73
CO., LTD.
Tel: 28021/6.
Inc.
Pacific For East Line, Juc
Fast Regular Trani-Pacific Servicentrerade in
DIRECT
FRANCISCO, LOS ANGELIS
Copra Market
"EDGAR LUCKENBACH"
#MATHEW LUCKENDACH” ́"DROMOR LUCKENDĄCES,
INDIAN BEAR":
Sain
From
NEW YORK-CHICAGO DETROIT-TORONTO MONTABAL AND AUFAMERICAN 4. CANADIAN - CITIES
May 19
Bingapor
For full particulars cail United Matca Iinn Co., Generál Agents, Qubetza-ma)