a
Page
BRITISH
THE CHINA MAIL, THURSDAY, MAY 10, 1951.
PROPOSAL
R.PL ECONOMIC INTEGRATION
ROYAL
INTEROCEAN ̄ ̄ ̄ ̄ ̄ ̄LINES
SINGAPORE JAVA
PORT and
MACASSAR
"TASMAN"
"TJIWANGI"
"VAN HEUTSZ"
"TJIBADAK"
"TJITJALENGKA”
ARRIVALS
In Port
. 13th May
24th May
22nd May
31st May
not calling at Singapore,
MANILA, EAST &
"TEGELBENG"
"TJIMENTENG”
"RUYS"
"TJIKAMPEK"
SAILINGS Early June 18th May
6th June
SAILINGS
OF
WEST EUROPE AND
STERLING AREA
HONGKONG
SHARE
MARKET
The volume of business on
the Stock Exchange this morn- ing was valued at $102,375, The morning's transactions and noon prices: ~*~
SHARES DUYERS. SELLERS, SALES BANKS
HK Bank 1340 1360 Font Aria
SOUTH AFRICA and
SOUTH AMERICA
ARRIVALS
161 May
.16th May 18th May
18th May Late June Early July
101
SAILINGS
INSURANCES
Un XD.
700
720
Underwriter
3.25
SHIPPING
Early June
10th May
Ania Nav
1
21st May
DOCKA, ETC.
"
23rd May
K. Wharf
75
GM
1000 74
105
25th May
N. P. Whart
Provident
23rd May
23
1812 24
Mid June
LAND, ETC.
JAPAN "TEGELBERG;" "TANMAN”
"THIKAMPEK”
"TIMENTENG"
"VAN HEUTSZ“
"TJIBADAK"
*RUYS"
via Manila,
ARRIVALS
16th May
Early July
Agents: HOLLAND EAST ASIA LINE
EUROPE via 'MANILA
and MALAYA
"LANGLEESCOT"
"ARENDSKERK"
not calling at Manila,
Through Bs/1. Issued
10
Mediterranean and Northern European Paris.
JAPAN
"LANGLEESCOT"
"ARENDSKERK"
+ via Monila.
ARRIVALS
SAILINGS
20th May*
18 May
12th June
ARRIVALS
SAILINGS
18th May 10th June
24th May+
SERING'S BUILDING CHAMAHONESTO28815102
MAZIGRE
STATES STEAMSHIP CO.
S.S. "COLORADO“
LOADING ABOUT 10th JUNE
FOR
VANCOUVER, SEATTLE & PORTLAND DIRECT
DODWELL & CO., LTD.
Agents
Tel: 28021/6.
Credit Restrictions
Affect US Building
Washington, May 9.
Wheelock
TX Land XD
Shal Land
UTILITIES
Tram
. 1.10
Light (D) 0.10
. Light (Ni 350
C. Light (B) 473 Electric
Telephone
INDUSTRIALS
Cement
liepr STORES, ETC.
Dairy Watson
01
237% 100 a 23
Strasbourg, May 9,
Mr Robert Boothby, leading British Con- servative, today proposed the integration of Western Europe's economy with the Sterling Aren's.
He told the two-year-old European Parlia- ment here that the immediate creation of this great, new economic bloc represented the only means of expanding output.
He told representatives of 280,000,000 West Europeans that it was
An illusion t believe that the transform:- tion of the individual nations of Europe into a single mur- ket would lead to greater output.
To add to the trading deficits of 12 countries would not re- sult in a total trading surplus, he maintained,
The economies of the coun- tries of Europe were not com- plementary, Mr Boothby con- 10 10% 500 m 104 | tinued.
1000 10,
12
But if the countries of the British Commonwealth, as well 17 17 300 a 17 as the overseas territories of France, Belgium and Holland, were added to the West Euro- pean economy, a balanced economic unit would emerge.
"This would enable us to participate on equal terms with the United States in the econo- mic expansion of the tree world us a whole," he spid,
The Rubber
Markets
London, May 8. Prices of rubber futures closed here today ar follow- Number I rutier, in cents
per ib.
June
July/September
Oclober, Decetuber January/March
SINGAPORE
47-4-40-1
48-48-16
47-4-48
45-14-47
40-14-40
United Press. MARKET Stugapore, May 9. Prices of rubber futures closed here today as follows: Number 1 rubber per 1b.
May
June
Juty
Number 2 rubber,
May
Number 3 rubber,
May
Number 4 rubber,
May
Sopt rubber,
unbaled
Black crepe
No. 1 pale crepe
170-14-171 186-15-187 164-1-103
168.160
106-107
161-75-102-15 171-172 140-14-142-14 180-190 -United Press,
NY MARKET
Mr Boothby later said he had drawn up a motion in the fol- lowing terms:
EMPIRE'S PART
The Assembly requests the Economic Committee to study methods of achieving a closer co-ordination between the cconomics of the meinber States of the Council of Europe and those of the countries overseas having constitutional links with them and to report,"
Mr Boothby added that he very much hoped that the repro- sentatives of the Commonwealth would be present at the next
ADVANCE IN
COTTON FUTURES
NY
New York, May 9. Firmness in old erop deliveries {catured the cotton futures market. Crop news was again mainly favourable, Activity was centred on May position.
private
crop summary estimated new cotion acreage at 27,780,000,
compared 18,654,000 acres last year
with the Government's present goal of 28,503,000 acres,
A
and
The market opened unchanged to up 6 points and clored up i to 16 points. Prices closed follows:-
Spot
May
40.00
48.39 anked 49.30
July
October
30.03
December
March (1952)
30.00.38.01 36.01
May July
October
ар
30.65 nominal 38.23 nominat 36.20
-United Press.
NEW ORLEANS MARKET
Closing rate Moy B.
May
Spot
4121
45.38
July
43.22
October
30.30
December
33.79-38.00
March (10521 May July. October
39.70 bid 38.03 bid
38.21 bid
meeting of the Council of Europe BIG
in the Autuma, when this sub- ject could be discussed.
Must of the other speakers from the 15-member nations
Now York; Moy 0. greed today that. (1) Europe Crude rubber Spot No. 1 can only defend herself if she ribbed amoked sheets 06 asked.rently increases production; and Associated Press.
(3) the shortage materials is gravely threatening this defence effort.
LONDON TIN MARKET
London, May 0. Prices of tin cloved here to- -day-at-the-end-of-the-oMelal- morning session as follows:
Spot vers
Spot in welleza Busines done at
Three-months tin."
.buyers
A levelling off of home building has resulted Three-months ta. from United States Government restrictions on
housing credit that are
inflationary tendencies and
designed to curb
conserve scarce
materials needed for the defence programme.
This February was the first) one since the end of World War
Il when the number of non-furm dwelling units Pul under
construction failed to set a new record for the month.
About
BD,000 units were
started in February, a month in
which home bulking activity
usually rises. This volume was
Grain Prices
In Chicago
Chicago, May 9.
8 per cent below that of January Prices of grain futures closed and slightly under the number here today, as follows:
Wheat price per burhel.
of units begun in February 1950. Sput
The credit restrictions Intended to keep construction of September
non-farm dwellings town
are May July
to December
Corn
300,000 to 350,000 units in 1951, Spot
compared with the
1,302,630. May
units started in 1950,
on
selter Business done at Settlement
1.140
1.150
1,120
1.1224
1,123
1,145
United Press.
New York Sugar Futures
New York, May 9. World sugar futures closed bere today unchanged to 13 points higher.
Contract No. 6 closed 0 higher to 3 lower, with sales totalling 470 contracts. Contract No. 4 (world) May
IN
36.22 bid United Press.
London Stocks || MESSAGERIES
Irregular
London, May 8, Industrial leaders го- covered early lower but some other sections finished lower in
Irregular ession of the London Stock Exchange today.
Gold and copper stocks scored small gains on light buying. Olla closed with minor minus signs, British Government bonds Were quiet.
Financial Times' index: 130,4,-Associated Press.
NOVEL
M
"LA MARSEILLAISE”
ARRIVALS
from Japant
SAILINGS
MARITIMES
M-
PASSENGER/FRKIGIÏT SERVICE
18th May
"LA MARSEILLAISE" .... to Marsellies via Manila 10th May "FELIX ROUSSEL"
"BRIANCON"
UK
TRACTOR PRODUCED
London, May 9. Poultry farmers, nurserymen, market garduners, builders and surveyors are just a few of those likely to be interested in the roller inuictor, a remarkable and novel lightweight three- wheeled unit. Easy to handle, work can cart, carry and pull this petrol engine "maid-of-all- and be turing, weeding, bedding
used for such jobs as rolling, transporting water and cut, food for animals and for carry ing domestic loads, machine to traverse paths,
Its narrow width enables the through Entes and even operate Inside sheds for loading
cutting,
go
and
out
unloading-thus double handling. Powered by three and a
half horse-power Victor
Petrol engine, thes in Albion gearbox with three forward and one reverse positions. Forward
speeds of three to 18 miles (4.8 to 28.0 kilometres) per hour are ob- tainable. The engine is fan- cooled and it has double covers to protect it from dirt and
rain.
The operater sits on a sprung saddle on
the right of the engine and steers with a tubular handle-bar
On which
to Marseilles
FREIGHT SERVICE
23rd June
...N. 'Africa & Europe 25th May
for
PORT SAID, TUNIS, MARSEILLES, ALGIERS, ORAN, TANGIEŃ, CASABLANCA, HAVRE, DUNKIRK, ANTWERP & NOTTERDAM. ·
CIE DES MESSAGERIES MARITIMES Queen's Building
Tel. 26651 (Three Lines)
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO: NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, via SAN FRANCISCO, LOS ANGELES AND PANAMA
NEXT SAILINGS
M.S. "LEXA MAERSK"
May 15
M.S.
"SALLY MAERSK"
May 31
M.S.
"CORONA”
June 14
ARRIVALS FROM U.S.A.
M.S.
"CORONA"
May 19
M.S.
"ANNA MAERSK"
June 3
M.S.
"GRETE MAERSK❞
June 28
throttle and brake grips, A For Freights and Further Particulars please apply to: damper on
the steering
minimises shocks
when
travel- ling over rough
ground, A novel feature Is a patent foot brake which has two posillons- pushed down with the too the vehicle Is temporarily stopped, forward pressure locks 11 in a ratchel,
Between the two back wheels Arc two side-by-side rollers
ADVANCE which act as a fly-whee! and
WALL ST.
New York, May 9. Railroad issues dominate
a rising stock market day
aid traction over rough ground, It the wheels are removed (an operation
taking about the machine minute)
can be used
Ds a roller. Normally a over these wheels which removable bucket is mounted .con a load of about three
of raw Trading was petive. Generally, | credweight (162 kilograms).
The Consultative -Assembly of the Council had before it a number of proposals to incet the
raw
materials crisis and to boost production in an effort to cut unemployment-Reuter.
Car Factory Converting
To Planes
Detroit, May 9. The world's biggest manu- facturing plant under one roof Kaker-Frazer's Willow Run -will become symbol of this nation's
a dramatic and butter" economy before the "gun end of 1951.
Passenger cars for civilian use and glant cargo planes for the air force will roll out of the 80-acre factory
the same
GAD bid
2.43
2/43 -2,42
22 14
2.50 -2.50
July Replember Spol Contract No. 0 July September Spot
0,50 traded 0,30 6.45
time.
0.00 bid 5.95 traded
-United Press.
Pepper
Market
took
1.817
1.701 J.0612
2.01%-2.02
87%
July On Oct. 12 restrictions were December
September placed
private credit
nye Government housing loans and May July special
Oata wor veterans' May homes and farm housing.
On July Jan 12 restrictions were also
New York four-per 200 lb.. sack. placed on the financing of multi-
$13.15.-United Press. -family housing.
loan Insurance, and Anancing for
In general, these restrictions require larger down payments find shorter-term
-Lower-percentage
mortgages.
down
pay-
at
the advances ran to more than
$1 a share, with a strong spurt Trailers can pushing into the $3 to $5 range.
be towed behind The phenomenal St. Louis such as a mower can be hauled
the tractor, or other
appliances $20 to US$300 a share, up $58 Southwestern Railway jumped
The along.
whole apparatus measures only six Leel (1.82 tured by H, R. Nash, metres) long. It is manufac-
Branscombe, London Road, Dorking, Surrey. 95.40
this week.
Volume of business expanded to about 2,000,000 shares.
Dow Jones Averagos; Stocks
20 Industriais 15 Railroads
'0 Utilities
201.49
85.32 42.58
-Associated Press.
Mexico Lifts Restrictions On Cotton
on a
Subsidies For Shipyards
Paris, May 1.
today
The French Cabinet
AGENTS:
JERSEN & CO.
Pedder Building,
PENINSULAR
Tel. Nos, 26661-8.
& ORIENTAL
STEAM NAVIGATION COMPANY
R.M.S. "CANTON"
SAILS:
NOTICE TO PASSENGERS
decided to present o Parlin BAGGAGE: ment a Bill to subsidise French shipyards.
on
The object of the subsidies, the Information Minister, M. Albert Gazler, sold, is to en- able French shipyards to meet International competition
equal footing. The Bill also sidles for new shipbuilding and proposes sub- for ship repairing--Reuter.
.on
Shipping Cuts
Car
Exports
London, May 8. In February 63,112 motor vehicles were made ini
SATURDAY. the 12th MAY at 5.00 p.m. for the UNITED KINGDOM vlu 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 slings only.
EMBARKATION: WIll take place on SATURDAY, the 12TH MAY between 2.00 pm, and 4.00 p.m.
the NOTICE TO CONSIGNEES
from which thou of 129's said that despite recent United Kingdom, against 68,164
War 11.
in January. Exports were 37, 459, agninst 47,798.
CONSIGNEES PEN AUSTRALIA-WEST PACIFIC LINE
Mexico City, May 9. Mexico today, lifted the last restrictions on cotton exports,
The Economles Ministry said that the embargo was removed because the foreign trade bank had acquired enough fibre to supply Mexican textile mills with all the raw material they As Kaiser and Henry J autos need. The Ministry also
sald are hauled to dealers across that the recent decreases in the country
an undisclosed cotton prices on the International number of the C-119 Fairchild market had placed price levels curgo ships wil military
be flown to abroad almost
paraiteli Dases
directly from basis with Mexican quotations, Willow Run Airport the one
The Agriculture Department off
during
plagues and other disasters, The auto company said that Mexican cotton production is ex. within a short time the complex pected to surpass the all-time New York, May 8. job Black pepper offerings were third of the factory's 3,000,000 United Press,
of converting about one-high of 1,100,000 bates in 1960, avaliable pound on
at around $1.00 square feet of floor
space an ex-dock basis. plane production will be under News of Army inquiry for around 335,00
pounds excited
At the same time, output of Bids will be 900 cars a day will not be in- here on May 15,
terrupted in the remaining 2,- The New York Produce Ex-000,000 square feet of assembly change reported that stocks of lines and pressed steel shops.
Washington, May 9. black pepper in licensed ware-
To accommodate C-110 houses on April 30 amounted duction,
The Economie Co-operation 119 pro- 'to 0,040 bags-United Press.
machino Administration announced today. shops, paint spray lines and the that it had authorised $220,000
In the godowns for examination by Anal auto trim
Consignees and the Company's zur- dnes, are now for equipment to rehabilitate the day
veyors. Mere Carmichael & Clarke being re-located. This will re- Lo Bande College of Agriculture the two-cent a pound import
at 10 am, on the 10th May. 1051. and the Central experiment duty on foreign copper, sembly lines.
station in the Philippines.
To comply with the Central By the
Warehouse The suspension of the import and of this year, the
Regulations This brought total authorida duly firm's
under current 11,000 employees tions,
the legislation, nes must-have Revenue under the
Officer in attendance when damaged on clvitian production will be interim pid programme,
$15,000,000 which is to be retroactive to · dutisble goods are examined. 1843 reinforced by on estimated 0,9874,000-United Press.
10 April 1, 1951, will run to Feb. 6.175 000 to 8,000, more war workers.
18, 1953, or the end of the pre- 27.00-United Press.
sent. emergency, whichever is Booner. Reuter.
Ceiling Prices For Wool
1
Washington, May 9.
pct
ments required for low-priced homes, and preference is given The Government today ex-Servicemen through lower dollars and cents ceiling prices down payments and longer on standard grades of wool. mortgage maturities,
Government estimates
In
1030 indicated that
about
-
Price
Control officials sald the results should be to crease wood imports and prob- 1,250,000 additional farm and clothing during the next year.
ably increase prices of wool non-farm unita of housing would
The order from Omice
of
be required each year for 10 Price Stabiation is effective years to catch up on existing at once. Celling prices, poner- demand, meet new needs, and ally, are 45 to 70 per cent higher rehabilitato or replace standard housing,
sub- than before the Korean war.—
Associated Press:
This was the general objec- 4ive of the national housing. policy until the Communist
Invasion
of the Republic
of
Korea forced in revision of the
Bank Quotations
and finaling that
New York, May 0. Bank quotations: amount of housing construction Bank of Amenten 2114 big, 2015, acad
could be has National porilled,
National City. 44ft bid, 4511⁄2 naked.
-Associated Press.
WAY
awever,
to
Exchange Rates duce the capacity of auto 95-
Diginos was done in the loon unoffici
**chanze markot
moming "at the following rates:- Berling note (per_K) UH. dollars (per $1) Indonesia guildets (per 100)
Blom Lirale (per 100) Singapore (Birafta)|
FIC plastrée (per 100)
300
4.700
13.40
Exchanges In NY
New York, May D. Foreign exchange: Candda Data in
Ostern
unchanged.
Associated
· Offers Of Copra Now York, May D
Sollers offorest coprn at #222.60 per short ton, C.LE. the Pacife Const. Cogosmat oll was offered
ECA GRANTS TO PHILIPPINES
Japanese
Bonde
at 17 gente a pound, F.O.B. | Coriol; Milla-Unite Prose,
zy London, Mar 0. bonde
Cut in exporia, said the Society of Motor Manufacturers and Traders, reflected shipping dim culties, particularly to Australia and New Zealand,
SUSPENSION OF COPPER DUTY
Washington, May 9, The United States Senate to. passed a B, to suspend
Textiles Quiet
Now-York, May 9. The 'colton textile market was quiet today. There were i sent- tered sale of print cloths. The; jwool: goods imṇarket was: dull, Rayon goods were steady, and quiet hajociated Press.
1.3. “BRYNJE"
are hereby notified that their cargo kong & Kowloon Wharf & Godown
PRESS PHOTOGRAPHS
Copies of
photographs
ja being discharged into the long-taken by the South China
Co godown where it will be at Morning Post, South China consignees risk and subject to the Wharf'o terms and condition storage. and where delivery may be obtained.
of Sunday Post-Herald,
and
China, Mail Staff Photo-
Damaged packages are to be left; graphors aro on viaw in the
Bonded
No claims will be admitted after the goods have left the steamEE'S godown, and all goods remaining undelivered after the 19th May, 1951. will be subject to rent,
J
All claims against the steamer must be presented to, the Under. signed on or before the 24th May. 1961 or they will not be recognised. No Fire Insurance will be effected.
BODWELL & Cos tip, Agents. Hongkong, 10th May, 1951.
Morning Post Building.
ORDERS BOOKED
St. John Ambulance. Brigade
FREE AMBULANCE SERVICE
Tel. Hongkong
Kowloon
50000