3
*
THE CHINA MAIL, THURSDAY, MAY 17, 1951.
MESSAGERIES MARITIMES London Stocks Merchant Shipping In
MOM
"LA MARSEILLAISE"
ARRIVALS
from Japan SAILINGS
PASSENGER/FREIGHT SERVICE
"""LA MARSEILLAISE"
"FELLY ROUSSEL"
"BRIANCON" "BASTIA"
"AURAY"
18th May
30 MAFACILJES via Manlio 19th May - to Marsellies
23rd June
FREIGHT SERVICE
N. Africa & Europe. 24th May N. Africa & Europe 18th June ...N. Africa & Europe 13th July
for
PORT SAID, TUNIS, MARSEILLES, ALGIERS, ORAN, TANGIER, CASABLANCA, HAVRE, DUNKIRK, ANTWERP & ROTTERDAM,
CIE DES MESSAGERIES MARITIMES
Queen's Building
Tel. 20861 (Three Lines)
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, via SAN FRANCISCO, LOS ANGELES AND PANAMA.
NEXT SAILINGS
MLS. "SALLY MAERSK”
M.S.
"CORONA”
M.S.
"ANNA MAERSK“
ARRIVALS FROM U.S.A.
MLS.
ANNA MAERSK"
M.S.
“GRETE MAERSK”
M.S.
"OLGA MÄERSK”
In Doldrums
London May 10. Yesterday's Wall Street stump sent the London Stock Exchange into the doldrums today.
Sintl declines were widespread in oil, mining and industrial harga
British Government bands sbed fractions, The market __Wad somewhat steadier at.....
the close.
Financial Times Dally Index: 180,2.----Associated Press
HONGKONG SHARE MARKET
Britain: Analysis Of Construction - Figures
London, May 16.
Measured by tonnage under construction, which at the end of March was again slightly in excess of two million gross tons, the level of shipbuild- ing activity in United Kingdom yards remains steady.
Figures for the 12 months ended March are as follows:--Com- menced, 1,466,000 tons (equivalent to 46 per cent of the world total); launched, 1,362,000 tons (39 per cent); completed, 1,319,999 tons (40 per cent); and under construction at March 31, 2, 073,000 tons (40 per cent).
In the UK: yards, 36 per cent of the tonnage building is for export, the greatest proportion (al-
most half) of the export tonnage being for Norway NY COTTON
Oil tankers reprosent, as they did at the end of 1950, Stock Ex-56 per cont of all the work under construction
the UK.
Business on the change this morning was valued 01 $148 355. Noon prices and the morning's transaction~~~~ BILARES BUYERS SELLERS SALES DANKS
...
IK Bank .. 1300 1345 Fast Axa... 102
INSURANCES
Union XD. 700 710
Underwriter
SHIPPING
Aalo Nav
3.25
N. P. Wharf 450
Providest..
·LAND, ETC.
Shal hard
UTILITINS
חילוף
Mrs Ferry
XD
Tonnage under construction in the world at March 31 totalled 5,097,000 tons, compared with 4,819,000 tona at the end of December, The increase being 50712.50 accounted for mainly by higher totals in Japan, Germany (where the post-war restrictions on shipbuilding_have
now been removed), France, Italy, and Norway.
10 47 710
According to
stalisties
Confer-
in
service or under construction offer
MARKET
SOFTENS
Now York, May 18. 'Colton prices softened today after a shaky opening, dropping back as much as $1.25 a baie,
The_break-away to the bear side after a week or more of
not accompanied by ony great amount of activity. Dealers sald the market appeared to be sng- ging under
its own weight. Selling was light and scattered but buying int smaller. The only feature was a Interest was even relative stradiners in July deli- very where a leading spot firm bought against sales at New Orleans when the intra-market
almost every amenity which is expected in n modern passenger ship, and as for os the ships from British yards are concerned, uphold the high standards of construction which are their hallmark.
One shipping company which only recently undertaken the operation of
of this ed by the Shipbuilding empil class is the Unstle Line. Incensequential fluctuations was whose mutorship Bloenfontein dein ener merchant
shipbuilding Castlo has completed her first contracts increased to extremely year in the Round Africa service, high levels during thers She has accommodation for more
Orders for 1100 a quarter of this year.
than 700 passengers, and
Bross ships totalling over
ived tonnage of 18,400. Evidence of million gross tons were received confidence in the future of this in that period. The order book Confidence 600 of British shipbuilders at the endpe of vessel has been provided
by contracts of March was Ave milion gros vessels. Prior to
for three similar tons, of which nearly two-thirds slot
the commis tons, has still to be laid down. The Castle, two motor liners of the difference widened.
sloning st the Bloenfontein total value of all this work is estimated at £435 million. Over New Zealand Shipping
the Rangitoto and Ran- 16 17 300 jarone-third of the order book 791 800 gross tons) went within
3.
3:30 234 2234 400 262214 300001,
3021
1.10
1 13
62
10 03
Klegil qK
XD
3
XD
Ligh N
Beetle
May 30 June 14
*Weyhun
June 30
D INDUSTRIALS
DL 10%
{"
10 10%
Ri 150
12
STORES, ETC
June 4
June 23 July 24
D Wate COTTONS
EWO
11% 12.
For Freights and Further Particulars please apply to:-
AGENTS:
JEBSEN & CO.
Pedder Building
New
Tel. Nos. 20661-3.
Cargo Vessel
For P. And O.
Far East
Service
liner cargo
"Singa-
The trials of the P. &O. pore", built by John Brown & Son at Clydebank, took place on April 10-12.
She is the fifth of the "S" class of cargo liners, the other four having been successfully employed in service between Britain and the Far East. These are the motor vessels "Somali" and "Soudan" and the turbine steamers "Surat”-and-"Shilling."
One-
There has been only other "Singapore” in the Com- pany's 14 years of existence and that predecessor was built in 1850, just over 100 years ago. Also Clyde-built, by Tod & McGregor, the first "Singapore" had a
a fonnage of 1.190 and whe
an iron paddle steamer With
bring engin of 1,162 !
She spent almost
Rubber In Singapore
Singapore, May 16, Prices of rubber futures closed
here today us follows:-- Number 1 rubber, per 1,
May June
2.50
New Prices
For Yarns
new
Come
July delivery at .New Orleans rose to 45.38 cents or 1 point of the ceiling while July positions
relaks to export orders. Nearly gitane 60 per cent. of the total order into service in the United King prices Bunk is anker tonnage. and dom-New Zealand trade. These practically the same proportion vessels have accommodation for
the was maintained in
orders 400 passengers, being the Arst which were booked by U.K. one-class ships in the history of yards in the first quarter.
the company.
Cargo liners and tramps have been ordered more freely is recent months, and together with passenger and passenger and cargo ships represent 37 per cent of the total order book, the remaining 22 per cent being made up by the orders for coasters, colliers, tugs, and small craft.
t
STEEL SUPPLIES Possibility of a steel shortage again confronts the shipbuild-
unfortunate in its post-
Washington, May 18. Manufacturers of collon yarns and textiles were ordered by the to compute Government today new ceiling prices.
The Office of Price Stubilisa- tion (OPS) sald the order is de- signed to restore pre-Korean in industry witch has been margin to the textile industry, and that it is not expected to affect materially the retail prives of cotton yarn goods and such things as shirts, pyjamas and dresses.
10
TIN
LONDON
STEADY
very
locally dipped 34 points under New crop months the ceiling. gave ground gradually with October meeting a little cover- Ing by day traders at the close. MORE TONNAGE
Other months finished around the lows for the day. Some Foreign owners have not been slow to appreciate the possi-crease in the amount of shipper observers counted on an in- alities of one-class accommoda-
buying when
nety exports licences were issued.
crop news was
Favourable highlighted by reports of light to heavy overnight rains in the sections. The export picture
was brightened addi-
Texas
had
tion, There are under con- Amerika Line two ships with struction for the Holland-
accommodation for more than 000 tourlet passengers, and only about 40 first-class passengers.
A vessel which belongs to the second category, providing leas tionally with the news that the luxurious
for E.C.A accommodation
granted cotton war experience. At times when parties of students. In the new purchase
iner which has been ordered
credits of $8,500,000 to France, and $2,100,000 to Steamship Com-
with delivery to be by the Bergen Wigham Richardson, Ltd. pany from Swan, Hunter and Formosa
and completed by June 30.
The market opened up board this ship, which will con-
points to off 5 points, July largely tourist-class
accorn. well 19
higher and some first-clored 4 points modation class space, will be a cafeteria points. Prices closed
moniis of ZO to 21 system of catering, an innovation
34 fol- which has been discussed keenly by shipping correspondents for some time past.
*
other
October
lows:- Sput Juty December Maret (1932) May
40,00
45.15
34.39
30.20
20.60
00.00 บ
October
an.
30.30 bid
has full order books, it is denied the raw materials which would enable it to produce at The netion affects an industry its most economic rate,
For the Arst time since the
tain averaging about $8,000,500,000
gross sales yearly. The in-end of the Second World War,
shipbuilding,
marine dustry employs about 500,000 the
and repairing in- persons in 1,200 mills.--Asso-engineering
dustries were given the amount elated Press.
uf steel they required in the last quarter of 1949. At that period. the volume of new ton-
Plans on a considerable scale age being ordered was limited; for one-class passenger ships itles-since-increased to have been circulating in the marked extent and now again, United States since the to
The statement: judge from
nouncement by Liberty Liners, made in the House of Commons
Inc
that they had submitted by Mr George Strauss, Minister designs for two 105,000-ton ships whose of Supply, shipbuilders will be to the U.S. authorities, anxious whether they will be reaction
to reported
be
Spot able to purchase all the steel favourable, Estimating that May they require to maintain pre- the single fare across the At July sent rates of output.
lantic on board these ships if tribe
December Mr Strauss appeared to be they were half full would be March (1954) critical of the iron and steel in the region of £38, the May industry in drawing
president of the company said J upon inevitable that with three-quarters of the slocks, but this was when imports had to be re- accommodation filled, the cost duced, partly through shipping might be reduced to £21. These space not being available, duo ships would be convertible in
London, May 16. The Un market was steady Turnover was this morning. 110 tons; including 20 tons for
cash.
Prices closed at the end of the official morning session us follows:-
Spul tin, buyers
1.130
1.135
1.130
Three-inonths tin, buyers 1.110
Sput tin, ellers
Balneas done at
151 -130 1521-13312
Three-mis tit, sellers 1,115
1:71001-$45 Busness done at
1,130 Settlement
-United Press.
143
100 -101
of her useful life in whole Far Eastern waters running bes tween Bombay, Galle and Hong- kong, then between Hongkong and Shunghai, and finally, in Number 2 rubber, May
July March, 1867 between Shanghal Number rubber, May
150 -131 and Yokohama, On August 20 Number 4 rubber. May 144 of that year she struck an un- charted rock off #lakodate and sank, everyone on board being saved.
The new "Singapore" has a gross tonnage of about 9,000 carrying. 10,750 tons of dead weight on a draught of 20ft. Sins, Her length is 525 fl, and the breadth 70ft. She of the
shelter deck type with two complete lower decks and sub- divided into five holds, having 00,000 cubic feet of refrigerated space, There are special tanks for the carriage of latex and ails.
The installation of the "Dri-
hold" system of ventilation pro-
|
Spot rubber, unibaled No. 1 pale crepe Black crepe
117 -110
103 +175 -United Press. NEW YORK PRICE
New York, May 10.
Crude rubber: spot No. 1 ribbed smoked sheets 60 nominal.
Associated Press.
JAPANESE RICE IMPORTS
Tokyo, May 16. Japan will import 850,000 tons
of rice during the 1851-52 fiscal
year beginning July.
The Imports will
consist
of 150,000 tons from Egypt; vides control of air humidity in 200,000 tons from Burma, 400,- the cargo spaces, so avoiding 000 tons from Thailand, 50,000 damage to cargo through sweat- tons from Formosa and 30,000 ing and condensation, a danger tons from other areas. Of the inherent when climatic condi- wheat impart, 100,000 tons are tions vary as greatly as they do expected to come from Pakistan.' in the Far East trade.
-United Press.
HOOMY CABINS
Twelve passongers are carried: in four single and four double' cabins on the boat dock. These cabins are roomy and able
have and
attached with hot and cold run-
New York Sugar Futures
brooms
New York, May 16, World sugar futures No 4 ning water and showers. Pas closed three to 10 higher, sengers have lounge at their July disposal and, of course, unusually September large deck space. They will share May the dining room with the ship's officers,
with
The "Singapore" is a, single-
vessel scrow
geared- turbines developing 13,000 h.p. giving her a service speed of about 18 knots. She left London on her maiden voyage to Japan ese ports on May B via Hatter- dam, Southampton, Genoa, Blagopore and Hongcang.
A cixth ship of the class is to be built at the same yard. “
March
6.54 nominal 6.04 nominal 5.38
5.37 nominal 6.35 nominal, Associated Press.
Raw sugar spot.
Bank Quotations
New York, May 10, Bank quotations: Rank of Americe 3736 bid, 29 asked Chase National ............. segi vid, 2036 Raked National City ................... 43% bid, 201
skod -Associated Pres.
Pepper Market Softer
on
interest in Muy and June ship- ment at around $1.02 a pound
on an
news
1
fort
for one
40
Wes
9
38.30 numir53
United Press.
NEW ORLEANS MARKET
October
Cloning rate
May 18.
44.01
45.23 bld
34.29
38.70-38.79 38,82 blu 33.71 b 30.29 bid 34.20 bld
United Press.
Grain Prices In Chicago
Spot
RI. L.
ROYAL - INTEROCEAN
SINGAPORE JAVA PORT and MACASSAR *THWANGI"" ***TJIBADÁK”
·VAŃ HEUTSZ" **TJTJALENGKA" "TASMAN"
MANILA, EAST & SOUTH AFRICA and SOUTH AMERICA ›
"TEGELBENG” "TJIKAMPEK” *TJIMENTENG"
"RUYS"
JAPAN "TEGELBENG" **TASMAN" "TJIKAMPEK" "TJIBADAK" "YAN HEUTSZ"
**TJIMENTENG"
**RUYS"
† via Manila,
ARRIVALS
In Port „Við ̃May *24th May 1st June
ARRIVALS
17th May 18th May ..22nd May
ARRIVALS
In Port Early June
Late June
Early July
LINES
SAILINGS 18th May
Gili June Early June
SAILINGS
18th May
Late June Early July
SAILINGS
20th Mast
24th May
25th May
31st Mayt
Mid. June
Agents: HOLLAND EAST ASIA LINE
EUROPE via MANILA and MALAYA "LANGLEESCOT" "ARENDSKERK"
not calling at Manilo, Through Ba/L fasued to Mediterranean and Northern European Forta,
ARRIVALS
20th May
ARRIVALS ........ 20th May
10th June
SAILINGS
20th May* 12th June
SAILINGS
20th Mayt
JAPAN "LANGLEESCOT” "ARENDSKERK"
† via Manila,
MECKINGS BUILDING TELEPHONESTEZIOLSETO 220
M.V. "LA MARSEILLAISE”
will sail for
MARSEILLES
Via
Manila, Saigon, Singapore, Colombo, Djibouti and Port Said.
་
on
May 1951
Saturday the 19th
at Midnight Passengers are requested to board the vessel with their cabin baggage on Saturday the 19th of May between 5 PM and 7 PM.
Baggage Room and Hold Baggago will be registered at Kowloon Godown No. 50 (No. 2 Gate Canton Road, Entrance) on Friday the 18th of May between 2 PM and 4 PM and Saturday the 19th between 9 AM and NOON Imperatively,
No-baggage-will-be-nccepted-for-registration-after-
this time.
CIE DES MESSAGERIES MARITIMES Tel: 26051 (3 lines). Queen's Bldg.
STATES STEAMSHIP CO.
S.S. "COLORADO"
LOADING ABOUT 10th JUNE
FOR
VANCOUVER, SEATTLE & PORTLAND DIRECT
DODWELL & CO., LTD.
Tel: 28021/6.
Fly TO NORTH AMERICA
new December
7,381 2.3814-2.38 2.4042-34
2.4216-2.43 2.401-12
Agents
Cora Spot May July September
1.7036 1.757-35 4.714-59
Rys
July
DALE May
July
1.7814-4 1.0312-11
2.001/
6515-9
New York flour-per 200 lb. sack. $13.50.-Unlled Press.
to the war in Korea and diver time of war to troop transports US. of large capacity, which may sion of tonnage to bring coal to this country. Mr Strauss be a convincing factor. At the it is somewhat added that although we were prosent time, doing our best to obtain maxi- difcult to judge the real extent num supplies
rom of the preference which exists of scrap from Germany, there was no pros- for one-clase ships, since oll pect of attaining this year the passenger accommodation is fully
Chicago, May 10. Agure
tons booked on most routes, and there of over 1,000,000
Prices of grain futures closed imported last year. This has are often long waiting-llats. New York, May 10.
here today as follows:- If competition from German wheat price per bushel been obvious over since the re- The black pepper market re-
of the limits on steel and Japanese
or non- companies, or mained dull and sofier in tone. moval
conference companies, should May Western Ger- con et production in Dealers
offers reported
as develop amany and the general increase conditions.
far as economic July
September $1.03-1.04
pound D
allow, these nominal basis. Dealers Indicated in world demand for scrap.
types of passenger ship may ONE-CLASS VESSELS
gain favour on the North Atlan Noticeable among the trends the route and encourage owners ex-dork basis. Reports in design of passenger ships to lay down further vessels of that the Quartermaster had recent years has been the con- this kind. They undoubtedly December
of struction of tonnage purchased 120,000 pounds ground black pepper overnight class of travellers, broudly in offer one of the main ways in which ocean travel may be In the "tourist" category. This en brought within the reach of a for the Navy had little
be wider section of the community, fluence. Dealers reported little ables more passengers
from the trade conven- carried at the expense of more and when more normal traffic tlon.-United Press.
luxurious accommodation, yet is resumed, larger travelling standard of com- public will be welcomed by the maintaining a
which compares most
shipping companies. favourably with
any pre-war COTTON TEXTILE liner. It has been recognised
TANKER FLEETS ihat Improved standards of A pointer to continued relivi- lving, mure widely distributed ty in shipbuilding waa mnen. in.
countries, most
have tioned by Mr R. Gillespie, the New York, May 16,
increased the. possibility of managing director of the Bri- The cotton textile market was ocean travel.
Tanker Co., Ltd., 'after the
New Delhi, May 10. To many people, this type of launch of the British Foncer
The Finance Minister, Mr quiet with the new OPS pricing regulations for cotton goods ex ship offers the attraction of from the Scotstoun yont of the Dehmukh, told Farliament to- pected goods, mills were travelling at higher standards of Blythswood Shipbuilding Co. day that in view of India's pro-
able deflett during world the dollar position
the year and Sterl- still Aguring prices under the living than they normally main-pansion of the
the Rayon an, yet at a price which is tenker fleet from
between log Aron as a whole the Gov- goods turned quiet-Associated can afford. At the same time 16,000,000 and 17,000,000 tons ernment did not, consider it
migration from with large-scale Europe to the British Common 32,000,000 tone at present purchased from the Internation
deadweight in 1939 to more desirable to repay
dollars wealth still in prog
progress, some older vessels have been con-means, in due course that the al Monetary Fund at present. veried
He revealed that India's con- Gray substantial amount of replacement, toanage. CRITY bone we be double that of 1939, of sold and dollars of the Ster- af nuimbers
tribution to the Central Reserve emigrants ол
There Contracts
when the thu may
present of Thistneas
was done in the local class accommodation,
maricot this piso prove attractive to parties imomolan
fulfilled; Jing Aroa morning the following rates:-
iman of aludarte si alene, who are the continence of cancer 15 443,00, during 1850 mounted Sterbing note (per £1) ..... Kas, dollarw. (DDE) BE
#20 prepared to soceply less com- orders in held in good prospect balances declined from 15,160,- 400| Yoriable accommodation in row because of the mood to maintain | 000,000 rupees of Independence #7.09 turn for reduced fares. But in feets and oil trading at present Day of 1947 to 0,830,000,000 01
May 4, 1951,United Frem. 13.3 the main, the one-class ships in for even higher lovela.
new
-Press.
MARKET
soon.
Exchange Rates ver
Indonesi gülders (per 100)
Hlari tione (per 100) 6thgapore (Straite) "FIC plastres (per 200)
1.TOO
[01
India Puts Off Repayment
BY
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*
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