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M
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15th Sept.
FREIGHT SERVIUR
N. Africa & Europe 19th Aug, .N. Africa & Europe 28th Aug. .N. Africa & Eurobe 27th Sept. for
PORT SAID, TUNIS, MARSEILLES, ALGIERS, Oran, TANGIER, CASABLANCA, HAVRE, DUNKIRE. ANTWERP & ROTTERDAM.
CIE DES MESSAGERIES MARITIMES
A LIMITED COMPANY INCORPORATED IN FRANCE Queen's Building
Tel. 26651 (Three Lines)
MAERSK LINE
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NEW YORK, BOSTON, BALTIMORE & FIIILADELPHIA, VİS
SAN FRANCISCO, LOS ANGELES AND, PANAMA.
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ARRIVALS FROM U.S.A.
Aug. 16.
Aug. 30
Sept. 14
Aug. 18
Aug. 28
Sopt. 14
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AGENTS:
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Tel. Nos, 86060-9.
British Stand On Trade With
Countries
Red
London, Aug. 13.
Britain will tell the United States this week that she cannot abandon all her trade with the Iron Curtain countries because their supplies are vital to her economy,
The British stand, which will be explained by a Cabinet Minister, probably on Wednesday, has been provoked by the so-called United States Battle Bill which is to deprive nations trading with the Soviet bloc of all United States military, financial
and economic aid.
Britain feels that, in her pre- sent economic and financial straits, her export policy cannot be brought into complete line, with that of the United States, which is far less dependent on oversens trade.
Metal Experts
To Tour US
THE CHINA MAIL, TUESDAY, AUGUST 14,'. 1951.
Steel Increased
Prices Raised
London, Aug. 13.
British iron and steel prices skyrocketed by ng much as 20 per cent today,
Production
& Brisker Business Expected In America
New York, Aug. 13.
Brisker business and higher industrial production are in the threatening to cut into the cards. Many a signpost points toward Increased defence output and a Labour Government's turn in consumer buying away from the Summer doldrums. 700,000,000 programme de- signed to rearm Britain in! three years.
The increases, announced by
morning.
the nationalised steel and tron industry, went into effect this They shoved prices up by ns much as £0 per ton, hitting hard heavy industry and every home in Britain.
al
The Increasing
"delayed action" effects of devaluation and world price increases since the Korean war, presented. Ühe Government with the problem of accepting fewer planes and tunks and guns for their money or raising taxes in defiance of the Left" wing of the Labour Party:
Today's price jumps also bit Into Britain's vital exports to the dollar area, Industrial sources sold. They said the Increase would make British products less competitive abroad,
Items immediately affected by today's increases include bullets, shells, stainless steel, heavy rails, Adr nity boiler tubes and
for aircraft
stainless
The Goverment salá the boost was necessary to pass on Lo consumers increases until now borne by subaldies, House hold appliances, motorcars and rallway fares were expected to lump as
United a result. Press.
Argentine Request On Materials
that
Washington, Aug. 13. Argentina's new Ambassador here, Dr Hipolito J. Paz, said today
Argentina would Insist on better representation for Latin American countries in the International organisation of scarce raw materials.
The former Foreign Minister said 01 Press conference that Argentina's policy was that the decisions to organise the world's ecarco raw materials should be. reached by all nations and not only by Britain, France and the United States. Those countries form the central standing croup of International Raw Materials Conference with headquarters In Washington,
Mr Paz sold that this question would be taken up at the next of, the meeting in Panama
·
Congressional action all but assured a huge
programme for defence regardless of the outcome NY of any peace talks in the Far East. The House approved a record peace-time military budget of $56,062,405,890 and prompt Senate approval was expected.
The Defence Department sald its programme vas urgently needed" and indicated more would be needed later.
HONGKONG
SHARE
MARKET
(From Our Correspondent)
This could only mean more defence production, more money for more people.
Many a storekeeper has been predicting better dollar. volume by Autumn. This group gained | converts this week. Some felt that consumers were becoming convinced that prices might head upward but that certainly they would not turn downward.
COTTON
MARKET WEAKENS
New York, Aug. 19. Prices seesawod over "range of $1 a bale, weakening at tho close after holding small gains through roost of the scasión. Increased hedge · selling and speculative pressure found a Umited trade demand at the finish.
Page
R.I. L.
ROYAL INTEROCEAN LINES
Date
In Port 18th Angel
241 ADX. 2813. AGE.
ath Sept. Bih dobi,
21st Aept.
Züth ABL
20th Avg.
25th Aug.
'30IN .... Aug.
4th Sept.
Rih Hept.
1ith Regt.
23rd Bepi.
Dais
Jeth Aug. 14th Aug,
icon Sapt
Mia Sept.
The market opened up 1 to 12 points and rose to maximum and week Ort. gains of 7 to 21 points. Then it closed 15 lower to 7 points higher.
Prices closed is follow-
The request of large automo-pol bile manufacturers for a price October boost of up to more than 30 December per cent gave impetus to this MDY
Kierch (1933)
tric
Rhin
ARRIVALS
~TIITJALENGKA": VTASMAN" "BOULEVAIN" "TJIÐKSAN** STIIWANG?" "VAN BEUTAZ” "STRAAT NOENDA"
"TIIBADANE"
"TARKIAN!
"DOISBEVAIN"
·Prom-
Afacasat, - Java Ports & Aingapore JADER .1
ISDED
„B Africa, Mauritius & Singapore'. "Mackstar," Java Pörte & Singapore
traits & Belawan Dell
8. Amaries, S. Africa, Singapore
Alanila
SÁILINGS
#TITJALENGKA”
"TJJBEBAR"
MEJIWANDI
"YAN IKUTAZ“
To
Hingapore, SEMATADE, Tilrebog. - Djakarta, & Telawan Dell
MERGIA, Singapore, S. Africa
Amerien
Hingaporo, Jaya Ports & Macatiar
Yokohama Japan Ports
Singapore, Java Posta & "Macassar” Japan Port
VETRAAT BOENDA” Japan Ports
"TJISADANE”
Manila, Singapore, S. Africa & A..
America
Agents: HOLLAND EAST ASIA LINE
18th Aug.
25.95
21st Aug.
34.88-34.00
17th Sept
ald Sept.
5427 34.31-34.04
2nd week Oct.
July October December
$25 pomil -United Press. NEW ORLEANS MARKET •
AGNESL
34.51 -34.52
Business on the Stock Exchange this morning was voluod at line of thinking. $376,034, Ncan prices and the morning's transactions-
On top of it, the
Ofice of Prico Administration deferred SUANES BUYERS SELLERS SALES indefinitely its plan to roll back Spot BANKS
prices on products of SOMO October major manufacturers.
December March (1941), The pricing regulations would May have affected manufacturers July
and 100 758 generally
of October machinery, cotton, texilles, shoes, apparel and fabrics.
IIK Bank .. 7400 1406
10 @ 1500
INSURANCES
Canton ..... Unton
Underwriters
HK Fize
SHIPPING
Asia Nav...
DOCKS, ETC.
K. Whart N. Pl. Whart Provident
LAND, ETC.
FOC Hotel ..
HK Land
UTILITIES
Tram A
3.
1241 004
139
5.90
P. Tram (0) 17 Star Ferry..
2500 @ 1
makers
December
33.0%
NA
PKIRITIS
-23.00
-United Press. TEXTILE MARKET FREIGHT INCREASES
New York, Aug. 13. The cotton textilo market was OPA explained that an quiet today. Sales were light amendment to the defence pro- Lint cloth sheetings and brodd- duction law requires that price cloths were sold in a amali way. cellings must take into account back prices voluntarily on con- unt Some mills reported rolling 0001510 Cost increases.
13, 2000 J
300 5.88 would be left after compliance/pomers in a more compeiitive i
800 39 1.95 4500 6.
300 301
18 500
Light (0) 7:30 715 C. Light (N) C. Light (3)
7.30
107 128
Electrid.. 20 2011⁄2
Telephone INDUSTRIALS
Dement
858 888 885 388
12 200 .... 134
Nope STONES, ETC.
Dalry Watson
16
Crawford
COTTONS
he
Economic and Social Counell of Pan-American States.
Replying to
questions denied that there had been any railway strike recently
rentina. He said that smail terrorist
groups supported by Pro-Communists were obstruc- ting the democratic way of the polls for the forthcoming pre- sidential elections. But they would not get any results be- cause the absolute majority of the people were in favour of President Peron.
Swo
1.38
1534 800
600
Plans For
Technical
Assistance
OPA added there was some tract orders to place, their question of how much rollback
with the lower resale prices now prevailing in the Commerce Com-market,
the amendment. Inter-State
mission approval of railroad
|freight Increases were not dull.
conducive to lower casts.
wool goods market was There was no additional spring prices on woollens and Some businessmen harked worsteds with most mille still 1 back this week to their predic
of civilian interests in the market.
13.80
of late Spring when every puls.for some, sign of a
tions of
one from the retaller down to the manufacturer was of the height of his worry over high 19 Inventories.
The optimists of those days, anticipating the Summer laxness in civilian goods, had said: 1230"We'll be glad to have those Inventories when Autumn rolle around.
INVENTORIES LOWER
Inventories have been shaved down
Bayon goods were quiet with prices easy-Associated Press,
Libya Aid
Appeal
Edinburgh, Aug. 13.
an appeal for continued tech-
a bit recently-not as nical and financial aid to set
21.30 | muchas many would have Libya on her feet after she be
liked but warehouses were re-comes.
*R independent State
that not only was
to be not ported
quite
* next year was made today of the tightly packed and shelves not, British Association meeting quite so loaded.
There Many a businessinan look the Dr Frood of Rending Univer- view that it would not take toosity said great
In buying to Libya's stability challenged by make a
dent in stocks, cari
certain natural and artificial especially as conversion from the obstacles but also by the dial- menufacture of civilian articles to production of military items speeded up.
Production generally is off le.
week.
cult problem of her minorities,
Few Italians remained in Cyrenaica or the Fezzan but there were some 45,000 in. Tri- politanis There werp siso smaller and rapidly diminishbig Jewish commun
communities and 'groups
of Maltese and Greeks.
Libyans We
were not per- to the antagonistic
Ship
"AAGTEKEK” "ALNKERE" *ALMKERKU "ROOGEERK" "HOOGKERK”
"AAGTEKENK" "ALMEERK" "ALMKLIK”
#HOOGKERK”
"HOOGEEDK"
ARRIVALS
Гарал Europe Japan
Proxm
Europe & Singapore
DATA
BAILINGS
To
Manila, Singapore & Europe Japan via ·Manila
Manila, Singapore & Europe Japan is Manila
Mania, Singapore & Europe
"KINGS BEELDING" TELEPHONES SUNATA 26017
NGENAK NE CHINNATTET RAKAAT, A
-PATTISON ORIENT LINE
LIMITED
"LAURE PATTISON”
5.S. DUE FROM
Kobe Aug. 19th
12-14 Queen's Road C.
SAILS FOR
Direct Pusan and
Chinese Agents:
Japan Aug. 23rd
Tel: 25846.
́OVERSEA CHINESE STEAMSHIP CO., LTD. 48 Bonham Strand W. Tels: 26646, 26127 & 31119
Agricultural Aid Plan For
For Persia
Washington, Aug. 13.
- The United States plans to send about $6,000,- 000 worth of agricultural and irrigation equipment to Persia to open up new areas to cultivation.
The State Department, defending the proposal against criticisms, said today that 'full' account had been taken of the Persian people's ability to use the equipment..
Mr J.
In reply to questions about
All along the line there were Application of the proposed
the possibility
Argentina of
slight drops from the previous Battle Bill would, according to
Cleveland, Aug. 13.
Korea, he sending troops to
Ithaca, New York, Aug. 13. British views, mean that West The American Society. for said that the Argentine Govern- The Secretary of State, Mr
But in most cases the figures Acheson, urged today were above 1050 and remained sonally Europe's export trade would be Metals reports that the Economic ment did not intend to ask Con- Denn
William Fulbright carried on at the "discretion of Co-operation Administration has gress for permission to
technical assistance at Bend that
high level. Associated Mallan peasants whose contri- (Democrat, Arkunsna) had said officials in Washington".
set aside more than $500,000 40 troops outside the country for programmes sponsored by the Press.
should
De self- Britain will abide the chable lop metallurgists from the defence of the Western Western Democracies embargo
export of Marshall Plan countries to
engage the enthusiasms of young Hemisphere strategic materials
Com-travel
travel to the US 10, tour US He added that Argentina was people the world over.
בוס
the
by
to
tho
bution
to.the productivity of
much suspicion of Tialind, poji-propelled harvesting combines London Stock
tical and
the country was recognised but that equipment such
economic penetration would be left to rust.
Mr Michael McDermott, Stato Department spokesman, sald
munist countries, agreed to with dustries and attend the World making very substantial con- Addressing the World As- LOST SKIPPER remained. Reuter,
her trade agreements with them
non-
the United States earlier this Metallurgical Congress in De-tributions to the United Nations sembly of Youth here, he said:
forces in Korea by sending "The start year, but she will not renounce trcit from October 14-19.
we have made in "Some 500 metel experts from toned meats and other goods-exchanging the skills and ex and will continue to buy from are expected to participate in the
21 ECA
and non-ECA nations Reuter. them in exchange for
meeting." che Society said. "O! present. Britain buys the
there more than 250 are under about one-soventh of her tim-direct sponsorship of the ASM ber
of and are receiving travel and ore than one-fourth more
and
subsistence allowances over one-soventh | 540 bacon and ham from Russia and their visit to the US is part cf
strategic exports.
At
maize
Poland, respectively.
the
arsintance
during
technical
Japan Silk Shipments
Pro-
DISCOVERED
New York Sugar that the general shape of the
Futures
Exchange
dolly
London, Aug. 17, proposed $25,000,000 Persian, ald || 3. Industriál shares were treaty perience That can advance
Bydney, Aug. 14: agriculture, industrialisation,
programme, had been carefully to him on the Lendon Stock A health and literature among our
Japanese fishing boat
ivgrked out by experts, Exchange today despite the an- skipper, who disappeared neighbours in the world has al-
New York, Aug. 13.
nouncement of sharp increases jo pverboard last week, has been ready demonstrated a tremen-
World. sugar futures closed The engineering aspects have the price of foreign bonds. found alive on an island of the today 3 to 22 points higher with peen carefully studied and full medium speculative boom rased dous promise for the future.
Hermit group, the Navy Minis sales totalling 135 contracts.
under profit-taking.` "There сап be no progresster, Mr William McMahon, an- Administration's
Contract No. 8 closed unchanged account has been taken of the
The Financial Times without freedom", Mr. Acheson nounced tonight,
to 5 poin's higher, with cales | suitability of the land, the APPEAL TO US.
index was 132.0-Astoriqted programme."
The man, who had beep totalling 127 contracts. declared: Tokyo, Aug. 18.
"It is tragic that so will, include
capacity of the Persians, to use press. She says
living she needs imber
on cocoanuts, vanished, Shipments raw slik from many people have followed the
Prices closed as follows:-'
this kind of equipment and the for her already-restricted hous plants and leading steel volohamn during, July reached road to regimentation, thinking soon after his ship, the Kyoya contract. No. (World)
NEW YORK MARKÉT and alloy research fems: 5.713 bales, according to the Silk that it offered a short cut to pro the Australian
had been bounded by Beptember
requirements for servicing the ing programme, malze as feed-
post-Congress tour arranged Traders' Association. The pos stuff to help maintain by ECA ing
authorities for
equipment and training Persian
New York, Aag: #333% officials will concentrate mere livestock to make up for
Ten bales
illeged poaching. were exported to
personnel," he said.
Last-minutê." selling in the declining meat
"Men have dreamed for many Me McMahon said at the supplies from on Arms Specialising in
stock market cut prices back hree-fourths of the pro- from, thkir best gains and sanky Exports to May of last year.
rations that could gand against possible case of suicide or ha
granumoja was to finance, a many to thờ gimta uido, jog France and operatiens, the United States,
aggression and defend inw and may "have "been eaten
market until made the 5,28 nominal: | Pylltagy programme," involving Britain were double those
by Of
5.48 traded. order in the world." Mr Acheson pharku".
hold June.
higher technical assistance for all major close
with the 6.39 noin)nal
expeptions of backward Talks The newspaper "Syn" said
6.30 nominal phases of village life, he added and there were numerous strun
non-
Argenuna, and bacon and bamerrous heavy metal fabrication. Thalland for the first time since years of or organisation among] time of the escape: "It is, a
for the breakfast tables of her galvanising techniques and non-
citizens.
She cannot afford to
ΠΟ
them from dollar courers. buy
Officials say there are similar supply centres in tho ateriing area and dollars can not be spared in view of the financial crisis.
Already, Britain has a trade defelt for the first six months
of the current year of more than £560,000,000 sterling and the payments deficit at the end of the year is expected to reach GOTO 350,000,000.
ferrous ameking
Associated Press,
Anglo Cuban Agreement
London, Aug. 13. Cuba will reduce Import Koods duties on British-made
to the preferential low Face applied to US Imports,
L
EXCHANGE RATES IN NEW YORK
A total of 3,040 bates, includ-said.. ing 1,150 balds of dupion'slik, "The United Nations is stand-that natives found the skipper was exported to the United Ing firmly against International about a mille and a balt fram States: 1,155 bales including 25 outlawry. This is an historic step the place of his disappearance. bales of dupton silk to France; forward.. Without this shield He has now rejoined his crew 517 bales 40 Britain; 300 bales to against aggression, we would not. of .42—in custody-Router. India; 310 to Indo-China: 108 have the opportunity to carry on bales to Switzerland; 60 Bales to the creative and
constructive Australia; 20 bales to Hongkong efforts towards a better world, and 10 toples cach to Germany which a war principal purpose and Thalland United Kress, cording to the forms of a new
Reutet. Britain will appeal to the trade agreement announced by
U.S. TREASURY United States to trust her good Sir Hartley Shawcross, Prest- sonas in deciding what her dent of the Board of Trade. trado
-POSITION: without
· needs most
·Announcing the signing of damaging the West's overall the agreement, Sir Hartley. defence Interests,
said that in return for the re duced Import duties in Cuba the United Kingdom will buy not less than 1,600,000 tons of Tot Cuban migar over the 1901-05
In the first quarter of the current year Itusala's trade suf- plus with Britain was £10,000,- 000 and IP #limated to havo reached by now 10,009,000 period, at the world market United" Prosa,
Medo pelos,United From.
848 troded 8.40 traded 5.07 bid 5,06 nominal
January (1932) March May
July
8.00 nominuḥ
Beptember
žipot
5.00 nominal 3.30
ceataet No. 8-
September January (1952) March
July
September
'§.40 nominal
1,43 pomjual
United Press.
Rubber
In...... S'pore
The
The balance of about $8,000,- pots, pa 000 would be used to pro- out over a range of around $3 price pattern spread The final wide capital, for an "agricul- alther way. amon
active tural development.'mstibute" Sendors.
Futures which would acquiry, heavy · Rulla, að a group backed down
Singapore, Aug. 13. Prices of rubber futures closed
Exchange Rates
Now York, ALZAR, New Yoris, exchange reLER:
today
Faug.', 18.- Třeasily position", on August" | sond
Debt:
Irigation and cultivation equip
without uncovering any selling,
and many leading laues traded unchanged ARRIVAL
Cities Bervico,
ment to hire out to landowners. If would be used in' steam in Higher Khudhsten and Nariborth Perts Union Oil of California, Ameri» häver before brought under. can smelting, Homestake: bdine cultivation, CA in American Can, United
These areas could not be dove. Blates fitool, Bethlehem Steel Joped with primitive edgricut Goodyear Dougļus Aireraft.
Dow Jones Averagés.. tural
milfor
/practices
Reube
to ensura In
10%