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M
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MARITIMES
M
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18th May
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........ 23rd June
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FREIGHT SERVICE
N. Africa & Europe 24th May for
PORT SAID, TUNIS, MARSFILLES, ALGIERS, ORAN, TANGIEŃ, CASABLANCA, HAVRE, DUNKIRK,
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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.
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ARRIVALS FROM U.S.A.
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"GRETE MAERSK"
May 15 May 31
June 14
May 19
June June 23
For Freights and Further Particulars please apply to:-
AGENTS:
JEBSEN & CO.
Pedder Building
Tel. Nos. 26601-8.
Canada Asking Orders
Defence
From
America
Ottawa, May 10..
Canada will-open-a-drive-to-get-more United. States defence orders as a means of overcoming a worrisome trade deficit, trade officials said today. The deficit has climbed to almost $125,000,000 for the first three months of 1951, the highest in history.
Experts sold one reason for it is that Canada is not getting as much defence business from the United States as had been ex- pected.
We can handle miuré con- tracts for guns, electronies, air- craft and ammunition,"
official said.
one
"The United States has given us some contracts, but they are nol enough,"
Seriousness of the continuing
defelt was pointed onleitt
at added, Washington meeting
up. the
Decline In
US Imports Of Silk
New York, May 10, recent The American Silk Council
of Cana-reported that the United States dian trade commissioners and silk imports during April to-
trade
representatives in talled -2,150 other
boles the lowest the United States.
figure for over a year-as com Ollaws
officials at the meet-pared with 9,722 bales in Ing urged American companies | same month of last year,
with defence contracts to place
sub-contracts · for
parts in Canada,
Forecast
THE CHINA MAIL, FRIDAY, MAY 11, 1951.
Small Crop Expanding Output Of UK Armament HONGKONG
Washington, May 10. The Agileulture Depart- ment today estimated the 1831 winter wheat crop, which has been reduced by drought and inscots, at only £82,196,000 bushel, This would compare with the 1050 crop of 750,000,-
000.
The April 1 estimate for the 1981 winter wheat Grop
*120,000,000 WAS bushels an estimate which had dashed hopes for the much needed carryover of 500,000,000 on July 1, 1982. If the 1951 crop turns out as now forecast It will be the smallest slice 1843 when only 637,000,000 bushet were produced. United Press.
Newsprint Situation In US
Washington, May 10. The Government said today that 1951 newsprint supplies were estimated at 50,000 tons above probable needs but a reduction of waste is needed in ease the picture changes,
1951
was
Factories
(By AN INDUSTRIAL CORRESPONDENT)
London, May 10. Lancashire's largest ordnance works, nt Wigan, has started on its contribution to the Bri- tish defence programme with a productivity rate 20 percent above that recorded in the war years.'
This factory makes shell bodies for the Army and Navy, in a 3 to 6 inch range, one of its principal items being the 20-pounder used on the new Cen- turion tank guns now in production at Cardiff.
Like the Cardiff factory it is a product of the last war. In December, 1939, the Wigan site was still schedul- ed as a cemetery. By June, 1940, the establishment was
performance. When neorganisa- tion is complete 80 per cent
estimated, that productivity will rise to 33 per cent above t previous level,
has so far been achieved-it is
turning out 25-pounder Downward
shells.
Tendency: In Stocks
New York, May 10,
A slow retreat in the stock markot put prices down in vir- For-ually every major division to
and
day.
tunately the opportunity Was Looses extended to about $2 a
production a view
talten to reorganise methods, mainly with a to incketin to tackling a longer range of
some
Several millions of these shells were produced during the following five years but with the end of the war the number of workers had to be The National Production cut down by four-fths. Even Authority told a meeting of then the factory had to under- publishers" that it has no limita-
take civil production to keep tions
use of going and its planned on the
new output in- auded and that none may newsprint
statore for dectric motors and generators, be necessary if the conservation programune
coal-mining in successful.
equipment. The N.P.A. Said that about 539,000 tons of newsprint will
share generally with use be avaliable for domestic
pushing down 54. this year if United States and
There was no particuler sell- The value of Canadian production holds
this mawa ng pressure evident for the Consumption
which included in particular
as a whole, and some the introduction market estimated at 8.5 per cent above
Controlled
issues actually made
progress 1949. N.P.A. said that if pre-of
Intpection
against the trend. dicted this year's consumption system, has been
well
proved
Rubbera moved forward and In the last twelve months, since would be about 5,889,000 tong- sbout 50,000
the factory closed down civilion utilities held about unchanged tony below
-work to start on a 100 estimated production.
per centou, balance
At one time or another sugars A State Department ofelul maments programme,
The todd the iiblishers
basic principle of this and some scattered issues added about
a faw cents to more than $1. Inspection help Controlled plans Government
which, inc
incidentally, much im- Steels, chemicals, motion pic provide newspapers in friendly
Continental and Ameri- tures, distillers and nonferrous those pressed countries. particularly
industrialists when they
metals were dragged down. neur the Russian borders, with can
visite: the factory last autumn,
U.S. Rubber WIS up over newsprint necessary
is that the
a point with that the shell body and all
others in that tinue publication,
category following along, through large
components
Dow Jones Averages: production stage by a every fixed route on which they are examined at frequent, specified order is being prepared to give points. Work in the Machine
industry generally better priorities for maintenance, re- Shop in split up into 20 or 30 simple operations, cach taking placement and operating sup-sim plies. Rubber rollors would be about included. The sulphur shortage me almost entirely
jobs on these
mean
domestle supplies.
The
The
Ave
N.P.A.
to
10
-
not It will
drain 011
said
that
11
two
travel
system,
Women
minutes:
which include
employed
of this Important advantage
is probably the most important such processes as fuse-hole bor- factor affecting newsprint pro duction but so far there have grooving, riveting, band
pressing and shot blasting. been no newsprint production niner but cutbacks caused by the luck of chements. The agreed conserva- tjon programme was the most practical method to avold having newsprint placed under Government limitation orders.- United Press.
|NY COTTON
FIRMS UP
AT CLOSE
Now York, May 10. Cotton futures softened after
Stocks
20 Industrials
15 Railroads
10 Utilities
260
42.50
-Associated Press.
Slight Fall
In British Exports
London, May 10.
The volume of U.K..exports
in the first quarter of this year
regular inspection is that ΠΟ unnecessary work is done on a faulty body since the piece Is refected immediately the fault is discovered and not, as was previously the when it has reached the end of the production line.
__GROUP_PIECEWORK. Another advantage of new system is that it facilitates the operation of group piece- work. The groups vary a size from six to a dozen or
For manufactured more workers according to the
goods the ***
total operation, and their piece-work 101, which was about the same volume of exports WA9 earning's are cakulated for as the 1950 average. The Index each group 33 a whole. It is number for textiles and cloth claimed that this
team spirit.
the
encourages
SHARE
MARKET
Only $18,442.50 worth of busi- ness was transacted on the Stock Exchange this morning. The morning's transactions and noon prices:-
SHARES BUYERS SELLERS SALES BANKS
IK Bank INSURANCES Canton XD Union XD, Underwriters SHIPPING
AKSA NAY.. DOCKS, ETC.
N. P. Whorf Wheelock " LAND, ETC.
HK Hotel Stial Land UTILITIES
Trom
225
21340
•
100 715 15 7125
3.20
1
3
5.00
1.15
11.25
C. Light (0) 4.10 C. Light (N) 31⁄2
C. Light (03) 5,75 Electric
INSURANCES
Cement Hope STORES, ETC.
Dairy Wacnon
500 in 6.15
2014
113% 12%
17 17.30
LONDON TIN
MARKET
.
London, May 10. The tin. market closed barely steady at the morning session. Turnover was 90 tons, including 05 tons for cash.
·Prices closed at the end of the official morning session
follows:~~~
Spot tin, buyers
Spot Un, sellers
#3
1.130 1,140 1,145-1,148 Busine done at Three-months tin, buyers 1,120 Business-done-at- Three-months in, seliers 1.130
1,130-1,123 2.140 Settlement
-United Press.
Slow
In Pepper
Market
New York, May 10.
R.I.L
ROYAL
INTEROCEAN.
SINGAPORE JAVA PORT and MACASSAR
“TASMAN" "TJIWANGI” *VAN HEUTB2" "TJIBADAK" "TJITJALENGKA”-
• Now calling at Singapor
MANILA, EAST & SOUTH AFRICA and SOUTH AMERICA
"TEGELDERG” "TJIMENTENG" "RUYS"
"TJIKAMPEK"
→ JAPAN
“TEGELDERG” "TASMAN” "TJIKAMPEK” "VAN HEUTSZ” "TJIMENTENG" "TJIBADAK"
"RUYS"
+ via Manila,
LINES
ARRIVALS
. 13th May
SAILINGS Early June 18th May
Cik Juno
24th May 22nd May
iwi June
ARRIVALS
10th May ..16th May 19th May, ARRIVALS
16th May
SAILINGS
18th May Late June Farly July
SAILINGS
Early June
21st Mayt
23rd May
25th May
23rd May
Mid Jone
Early July
Agents: HOLLAND EAST ASIA LINE
EUROPE via MANILA
and MALAYA
"LANGLEESCOT"
"ARENDSKERK"
•
not calling at Manila.
Through B8/L [artied to Mediterranean and Northern European Ports,
JAPAN "LANGLEE÷COT" "ARENDSKERK"
ARRIVALS
SAILINGS 20th May.
.28th May
ARRIVALS ***.....18th May
.10th June
12th June
SAILINGS
24th May+
+ via Manila,
KINGS BULDINGENDERONESE LUBEDREZ
The Black pepper market re- PENINSULAR
mained a slow, nominal affair. Sellers indicated $1.00 a pound on an ex-dock basis, with ten- tative buying--interest to 2 cents lower.
Dealers said the market Was getting into
more of a "pre- convention mood." The America Spice Trade Association's 45th meeting will be held in North Carolina on Monday and Tues- day next week.-United Press.
New York Sugar Market
New York, May 10. Domestic sugar futures No, G was 100 per cent of the 1947 closed one lower to one higher.. average compared with 162 per November
World sugar futures: cent in the year 1950 as a whole July and 175 per cent in the last March quarter.
Itaw spot
Miny
8.02 bic
0.00 bld
3.40
5.43 nominal 0.35 Associated Pres.
Exchange Rates
QUIS NOS SEPARABIT
& ORIENTAL
STEAM NAVIGATION COMPANY
R.M.S. "CANTON"
SAILS:
NOTICE TO PASSENGERS
BAGGAGE:
SATURDAY the 12th MAY at 5.00 p.m. for the UNITED KINGDOM via Straits, Colombo, Bombay, Aden and Port Said.
ALL passengers luggage 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.
Business was done in the local SPECIAL NOTE: With the exception of hand packages.
market
ing, at 187, was above the 1950 Certainly these
unofficial exchanite Lancashire average, a steady opening but frmed ot
The volume of imports at 120 Herning at the following rates close
factory girls show the
on local covering
a terrific (1947 equals 100) was about 5 Sterling note (per ) energy-and their work is for operations. Crop news was
from light: it is quite common 1950 and compared with a figure in ticals iper 105) per cent above the average for VB. dollars per $13
Indonesia guiders (per 100) again mostly favourable.
for a
a girl The market opened unchang-
first quarter of Singapore (Straits) the111 in the in putting ed to up 3 points. It dipped in steel per to move 61⁄2 tons of
last year. The index number FIC piastres (per 100) out into and losses of 3 40 7 points, then work
of her for raw materials, 129, was well machine. steadied again on covering by
During the
war one above the low figure for the
record first day traders to close up i la 3 operative established
by handling regularly 40 points.
Lons Prices closed as follows:
per shift. The introduction of Spot
a new
conveyor system—part May
of the reorganisation process July
has now removed the need to Delober... December
handle quantities as heavy as March (1992)
this.
46.06
43.17
39.43
33.92
30.82 nominal 38.43 nominal
38.22
30.20 nominat
May July October
-United Press. NEW ORLEANS MARKET
Closing rate
The
total included 1,978 bales component from Japan and 178 from Italy.
the
.
Spot
ORDERS PLACED Officials had hoped that the United States Government itself
have taken action would
For the first time Chinese silk was ni. The Stocks on hand on
May April 30 were 6,369 bales, com- July pared with a total of 0,072 on October March 31,
December March (1052) deliveries from May to estimated channel more defence orders into re-exports fell to
warehouses and piers including July
2,459 bales, October Canada, but emphasised that so
the lowest figure in over a far the ratio is about eight-coisa
year, compared with 3,733
one in favour of the United bales in the same month of last
States.
The Canadian Defence Produc-
tion Department today announced
year,
Emports thus far for the year
that orders for 1,236 American totalled 13,628 bales, compared type vehicles have been placed with 20,040 bales for the same
at two Canadian plants, and that period of
a third plant may soon be pro- ducing the United States jeep.
The Chrysler Corporation of Conada at Windsor, Ont., this! year will be producing 450 of, a three-quarter-ton army trans-
port.
General Motors of Canada at Oshawa, Ont., will produce 780 of the heavier 21⁄2-ton transport, Both will be used by the Canadian Army.
NEW YORK BANK QUOTATIONS
Press.
last year.United
Bank
French
Statement
U.S.
May 10.
44.01
45.30 bid 45.82 39,32-39.33 30.81-30.03 39.30 bid 03 bid 38.23 bid
United Press.
Л
As a result of all the changes since the war girls are now carning bonuses of 70 per cent of their basic rate as compared with 50 per cent then.
thin
15.85
0.133
3,00
21.00
1.798
13,45
quarter of 1950 (111) Exchanges In NY and higher than the
for 1050 average
(123)
Grain Prices
In Chicago
Chicago, May 10. Prices of grain futures closed here today as follows:- Wheat-price per bushel.
The increase in team output applies also to the men in the forge. At the draw forge, for example, six 20-pounders are Spot .. handled per minute.
July
September
Corn
IMPORTANT FACTOR Forge and Machine Shop to- December Forge and gether prepare from the rough
Spot -steel-bans a shell-complete-ex-May cept for the fuse and filling. Ju In addition, the factory makes September practically 100 per cent of its tools--n factor of some impor- May tance if the factory Is further July to exparid production. The posiblilty of such expansion is suggested by the fact that
Lowers cr
Tin Price
of
Ne
December
Osta
New York, May 10. Foreign exchange:
Canada
Switzerland
04.31 Y 29.10 Others were unchanged.-Asso- ciated Pres
New York Metals
Prices
New York, May 10.
in the metal market
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 p.m. and 4.00 p.m.
PRESS PHOTOGRAPHS
Copies of photographs taken by the South China of Morning Post, South China
Sunday
here closed today unchanged Invites your support in helping to with the following exceptions:- train 2.411
Tin, Grade A (99.80 per cent 2.4112-11 2.433 or higher) New York, per ib., 2.484-14 1.30-United Press. 2.40%
1.52.
1.77
1.0015-34
1.7712
1.63
6712 072-41 New York four-per 200 125, suck, $15.06-Uniled ProN.
In S'pore
Singapore, May 10. Priech of rubber futures closed Number 1 rubber, per lb. here today as follows:-
Washington, May 10. The Reconstruction Finance forging capacity present Rubber Futures exceeds machine capacity-and Corporation today dropped the
of the two price of din 3 cents to $1.30 a
Sections, the Ma- pound Tho' action marked the citine
can be far more third consecutive reduction by easily expan the Agency. Prior to April 12,ng at
The Mayor of Whan speak- the R.F.C. sold tin to commering at the Establishment cial users at $150 acclined regret at having once more to
sently expressed the general to comment although one official switch from the production of remarked "We thought it was
clvbian plant to ammunition.
July the right thing to do, in the
But
sinco tho Total gold holdings Fr. 199446.070,926 git of current market condi-arison,
Numbers 'rubber,. May ncenalty has Wigan
ordnance) Number a rubber, any Total of other cur
is rising
Number #rubber. May tiona
to the occ Epot, rubber, unbeled 2,471,080,000
Following the short-term cor
shells The
which It is black crepe- 173.314,772,340 tract made last month by the
Paris, May 10. The Bank of France intement for the week, ending May 3 reads as follows:-
*rencies Bight balance
abroad Advance to eur
rency kablll- tion hind Bulls discounted in
France, and
broad
New York, May 10. Closing bank quotations:
bid asked Bank of America .. 271⁄2 20 Chase, National.......... 3017. 981 National Cly 0.44 44344018 Current accounts &
----Associated Press.
Notes in circulatio
deposita
1
R.F.C. thì officials
ducers, t traders
tho
1
June
FM now
are stronger both No. 1 pale crepe
R.F.C. with Bolivian tin pro- in terms of material, and offee- thought that the tiveness compared with i tho 412,000,000,000 Ator
Agency's price would be forced wartime output. Grester veloci- a bit higher because the interim tids have been achievalac 286,194,772,379 contract la: based upon Singes pore → prices rather than the lower New York markot -United Frum.United Pres
141,200,103.245
138-138 70-180
***United
Copper Futures
The steel wat today is much
New York, May, 10, tougher than that, Deed during Copper futures closed quiét the war. The workers, 100, with no sales Aswoolated: have not yet reachet their peak) (Press.
"New-York," "May-10--
the
Hongkong citizens io-morrow. Subscriptions should be sent to: The Hon. Treasurer The Boys' and Girls' Clubs Association' War Memorial Wellsto Southern Playground, Wanchai.
Post-Herald, and
China Mall Staff Photo- Centre graphors are on view in the:
___Morning Post-Building.
7
For further information please
Copra was offered at $217.30 short ton. Coconut oll per was offered at 161⁄2 cents, à | telephone the Secretary (23013), pound-Unlied Press.
ORDERS BOOKED
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