1951-02-09 — Page 9

0

MESSAGERIES

MARITIMES

M

"BEAUVAIS"

ARRIVALS

M

20th, Feb.

from Japan SAILINGS

Est Apr. to Marseilles via Manila

Manila 8th May via 10 Jupan to Marsellica vla Manila 19th May

PASSENGER/FREIGHT SERVICE

"FELIX ROUSSEL” "LA MARSEILLAISE" "LA MARSEILLAISE”

1

FREIGHT SERVICE

"BEAUVAIS"

"MEINAM"

.N. Africa & N. Africa &

Europe 27th Feb. Europe 18th Mar.

"GRANVILLE"

.N. Airlea & Europe 27th Mar,

for

PORT SAID, TUNIS, MARSEILLES, ALGIERS, ORAN, TANGIER, CASABLANCA, HAVRE, DUNKIRK, ANTWERP & ROTTERDAM.

CIE DES MESSAGERIES MARITIMES Queen's Building

Tel. 26651 (Three Lines)

WATERMAN

STEAMSHIP

THE CHINA MAIL, FRIDAY, FEBRUARY 9, 1951.

London Shares Concerted Effort To

Firm Tone

London, Fob, 8.

The London Stock Ex- chango showed s geperally firmer tone In domestlo

stocks with

with resumed re- Javestiment of procoods

from steel share sales,

Government stocks were

·frm, and olis were · JPE ticularly good on Invest- ment buying, Gold shares WOTO mixed but apppers persistent

WCTO dull On

Motors and brewerica moved to higher levels. Rubber shares were strong and tins higher,

Financial Times' Index: 122.1-Assoolated Press,

Boom In

Japanese Bonds

New York, Feb. 0. Another splurge of demand for Japanese obligations pro-

the slowest bond market of 1951.

CORPORATION vided the only punch today in

MOBILE ALA. USA

WATERMAN LINE EXPRESS

FREIGHT SERVICE

FROM U.S. ATLANTIC COAST VIA JAPAN

1. 8. "ANDREW JACKSON"...Dus about

*.. "KYSKA"

"

DIRECT FOR

27th Feb. 1951 15th Mar. 1951

NEW YORK, BALTIMORE & PHILADELPHIA

VIA JAPAN & HONOLULU.

•, *. "ANDREW JACKSON" ... Sails about

3. 8. "KYSKA"

28th Feb. 1951

16th Mar. 1951

ALSO ACCEPTING TRANSHIPMENT CARGO FOR

GULF PORTS.

WALLEM & CO., LTD.

Agents

Hongkong & Shanghai Bank Building Telephones:-38041-5

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LOW PRICES

Calculators, Typewriters Carbons & Ribbons

The World Typewriter Co.

48. Wellington BL, Tol: 20506.

Repairing Sertica.

GREAT SALE

RUGS

PALACE RUG CO. 4 Granville Rd., 1st Fl. Kowloon.

PRESS

PHOTOGRAPHS

higher from

for US$05 dollar bond,

ODO

NACK LEAVES

Keep Rubber From

Iron Curtain Nations

(FROM OUR own corresPONDENT)

London, Feb. 8.

As the London rubber conference enters its fourth day trade circles here are becoming convinced that it has resolved into a concerted effort by Britain, America and France to win the "independent" rubber- producing countries over to a unified policy aimed at preventing rubber supplies reaching Communist countries.

Despite official disclaimers that the present con- ference has anything to do with the commodity groups envisaged in the recent OEEC announcement-dis- claímera which by the way have failed to impress well- informed observers-it is believed the present meeting is a preliminary political skirmish to pave the way for an international scheme designed to funnel all available rubber supplies into the Western powers' defence in- dustries.

and

three

HONGKONG SHARE MARKET

Chicago Grain Market

Chicago, Feb. 0. Prices of grain futures closed here today as follows:-

Wheat-price per buzel.

Spot March May

5.56% 2072-35 4.0746-45

July September

Corn

Spot

Manch

MAY

R.I.

L

ROYAL INTEROCEAN

SINGAPORE JAVA PORTS and

MACASSAR

"TJITJALENGKA” ***

#TJIWANGI"

"TASMAN” •

"TJIBADANE”

"VAN HEUTSZ”

ARRIVALS

.12th Feb,

In Port

23rd Feb.

23rd Feb.

In Port

⚫ only to Singapore, Penang & n. Doll.

omitting Singapore.

• MANILA, EAST &

SOUTH AFRICA and SOUTH AMERICA "TJIPANAS” "TJISADANE" "TJIHADAK” "STRAAT 8OENDA" "TJIBESAR” **

LINES

SAILINGS 14th. Feb. 28th Feb.

7th Mar.

23rd Mar,

SAILINGS

8th Mar.

ARRIVALS

In Port

7th Mar.

12th Feb.

.17th Feb.

12th Mar.

"BOISSEVAIN”

zeth Mar.

. not calling 8. America.

"BOISSEVAIN”

23rd Mar.

"TJIBADAK”

"TJIPANAS"

7th Mar.

• JAPAN

ARRIVALS

1.026 1.05-1.8312

SAILINGS

17th Feb.

18th Feb.

Agents: HOLLAND EAST ASIA LINE

EUROPE via MANILA

and MALAYA

"AAGTEKERE”

"ALMKERK"

Through Bs/L

lasped to

Mediterranean and Northern

European Porta.

• JAPAN

"AAGTEKERK” †

ARRIVALS

In Port

Mid. Mar.

ARRIVALS 5th Mar,

..Mld. Apr.

SAILINGS 6th Mar. MIA. Apr.

SAILINGS

12th Feb.

Mid. Mar.

4.3015

July

1,0512

September

1.0419

Ryo

May

Judy

1.0234-91 3.09

Oats

00015-4 1001-

The strength of the American team at the con- ference seems to confirm the view that the United States is the moving spirit behind the present series of talks.

American policy has main objectives: to obtain sup- plies of natural rubber for her Eleven Japanese issues pushed strategie stockpiling, to stabilise

US$10 to nearly the price of the commodity at

thousand considerably lower level than that now quoted in the world Japanese bonds had been markets, and to eliminate com- moving higher since around the petitive buying, between Com- non- Communist turis

of the year, but demand muni reached the urgent stage on countries.

number of Having failed

achieve Wednesday when a

The volume of business trans- US$00 moved issucs

purposes by bulk pur- acted on theso up to

the Stock Exchange higher. The boom market was chasing America is now trying this

morning was valued at March

May just as lively today and bonds to got agreement on an inter- $243,950. The half day's busi- with an aggregate value of national allocation scheme and eas and

noon closing prices New York flour-per 200 lb. mack, the purpose of the London

were as follow: City of Tokyo

Fives US$04 at 420, while Ujigawa fore to be to offer long-term BANKS Electric

Power Sevens added 60 contracts to "neutral" rubber at 680, Government of Japan producing countries whose co- vital L the pro- 5 advanced 56 at 670 and operation is

to be effec- Shinyetsu Electric 640 closed posed scheme is up 50 at 570. The two-day live. gain for the Japan

Japan 525 was 87

to

US$212.000 were transterTad conference is believed there- BHARES DUYERS JELLER SALES

100

HK Bank.. 1200 1300 Post Asia INSURANCES

Union

HK Fire....

DOCKS, ETC.

N

K. Wharf .. 76 N. Ft. Wart Dock

1234 Provident, 10.10

30 4

035

44

B

250 12.60

Wheelock ..

20

100 @ 20

of

LAND, ETC.

HK Hotel

0.60

100 G7 0.75

HK Lond

100 350

S'hai Land.

1.30

Humphreys

7

2007

UNILIVIES

Tram

1914

I America succeeds in this next step would while appreciation since the first purpose the

be to convene of the year amounted to 202.

rubber pro- Big gains of the past two days presentativen a meeting of re- dis- coincided with the visit of Am-ducers and consumers to

cuss the technical aspects bassador John Foster Dulles to

allocation.

The Tokyo in an effort to effect a International

producers would. demand a peace treaty.

Italian bonds of the two to high price for their co-opera- three per cent peries of 1977 tion if it entailed closing down the free markets but this de- also demonstrated

mot by mand might be

an American assurance that the price would not be allowed to fall below П guaranteed

Associated Press.

strengthe

LONDON TIN minimum level in the event of

MARKET

London, Feb, 8. Tin prices were marked up some 25 sterling at today's morning ocasion, but the market

There was quiet, business in spot.

Prices closed today at the end

were ΤΟ

casing of world political ten- slon and consequent slackening of demend for rubber.

The consuming countries on the other hand would be main- ly concerned

that to ensure America was not allowed to draw supplies away from their own industries. A due to prob- a possible solution of this ler is contained in the official statement on the conference

of the official morning session which mys that the partici-

as follows:

Sportin, buyer

Spot tin, seller

Three-months tin, buyer Three-months tin, soller

Burinem done at

Settlement

1,420

ac- or

1,450 pant nations will "review the demand position 1453 supply and 1415 for natural and synthetic rub- 1.420 ber....and consider what

is necessary 10tion, if any,

desirable

equitable to secure distribution of supplies which Singapore, Feb. 8. are expected to be available."

SIGNIFICANT SIGN

-United Prem. MALAYA RECORD

When the

American

is the

country the synthetic

Star Ferry

3000 @ 123% 200 1334 500 12 100 1234

C. Light (0) 5.10 8.30 D600 ɗp 020 C. Light (N) 1.00 2000 © 3.00

0.10 5000 ✪ 1 25 2314

C. Light (Bonus)

Erectriu

Telephone

Tel. (New) INDUSTRIALS

914

200 25.30 200 2542 1000 231

Coment .... 22.00 £31 1000 @ 12 Rape STORES, ETC.

Datry Dairy (N) 1134 Wation

201

13

1300 @ 13

13

500

1.00

2.40

L. Crawford 2015 Sinceres

Sun Co.

COTTONS

Zwo

N.Y. Sugar

Market

New York, Feb. 6.

$13.60.—United Fress.

"ALMKERK” +

† via Manila,

SKINTSERTEDIND, ULIKEHONESSJ8116 TO 80122 4

ISBRANDTSEN

Understanding between nations and peoples, fostered by the bonds of industry and commerce-the necessary flow of goods that keeps the wheels turning all over the world-is basic to peace.

It is our fervent hope--one which we believe is almost universally shared -that the statesmen on both sides of any and all existing disputes and misunderstandings will get together and set things to rights. We still hold to the view that mutual trade does most to promote friendship and understanding between nations and peoples, and that we, as business men, should argue that point wherever and whenever we can:- Isbrandtsen

INDEPENDENT DEPENDABLE

Fast Direct Sailings to JAPAN anal WEST COAST-U.S.A.-EAST COAST

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COMPETITIVE RATES OF FREIGHT

World sugar. futures closed S.S. "FLYING CLOUD" bere today 1 lower to 1 higher, with sales totalling 51 tracts.

con-

Domestic * siigar futures

closed today 2 to 3 lower, with 5.5. “FLYING ARROW”

sales totalling 175 contracts.

The price of Malayan tia spurted to a new record high Inclusion of eynthetic rubber today, selling at Straits $723 in this context is

Govern per picul

This la a boost of Straits ment-owned plants are produc- will be $15.62% over Monday's previous ing to capacity

they turning put 90 percent of the high.

world non-Communist Rubber sold at Straits $2.38 total per pound, equalling the peaks production of synthetic rubber price registered last November. Canada, another participant in This is a gain of 11 conts over the London conference,

Western Monday's closing.

only other Both the tin and rubber mar-which produces kets did ↑ booming business product.

of May after the two-day Chinese New It therefore, the amount

July Year's celebration. Continental natural rubber which would go

September South American to America under any inter- spot Europe and

allocation scheme Domestic No. 5 onders were particularly heavy national

consuming May

March that other meant for tin.-Associated Press.

countries would go short of July supplies, they might be offered Beptember

Spot American synthetic rubber to All the gap.

THE RUBBER

MARKETS

Prices closed today follows:----- Contract No. 4 (world)

March

4.87 pla

400 traded

4.00 bid

4.30 bid

4.00

5,40 bid

5.40 traded

5.50 traded

5.80 bid

5.50

-United Press.

v Cotton Exchange

This, however, is to presume the success of the present London conference of

Most servants and diplomats."

obotacle difficult

proventing agreement on any form of inter- 25 to 75 points lower, sales totalling 12 contracts. The national control over rubber marleet ensed after a sharply supplles is the problem of

New York, Feb. 8. Rubber futures closed today with

24

Suspension

New York, Feb. 8, higher opening, conforming obtaining the co-operation of The Cotton, Exchange decided generally with the trend at countries like Indonesia and today to extend trading suspen- London.

this through Ceylon which are

Saturday anxious: tomfon Prices closed today as foll-stay neutral in the East-West week. Some quarters belleved tug of war. There will be much that the Price Controllers had "whipped up something finally this 74,00 traded lard bargaining before

definite" obstacle is surmounted--it

but

was holding back, 0.80 traded $4.00 bud

awaiting the word from White -United Pre

The new record price quoted House and Congressional do

President LONDON MARKET

velopments. for spot rubber today in Lon-man today disclosed that he had

Tru London, Feb. 8.

don is an indication that trade referred the Prices of rubber futures

question of price closed hore today as follows circles are now firmly convinced refer

control back to the Secretary of

lows: Spot March MAY

July

Number 1 rubber, in cents

Per 15.

Biarch

April/June

October/December

60-71 08-0015 54-5434 United Press. STONE MARKET

Singapore, Feb. 8. Prices of rubber futures cloved here today as follows: Number 1 rubber, por b.

rubber, March Number 1 Number 2 rubber, February 230 Number, rubber, February 315-217 Morning Post, South China Number rubber, February 201

Apoi rubber, unbaled Black crop

Coples of

photographs February

takon by the South China Number 1-ilber April ****

Sunday Post-Horald, China.No. 1 pelo crepented Frond. Mail, and Hong Kong Tele- graph Staff Photographors

are on view in the Morning Post Building.

ORDERS BOOKED

ever in.

to

that the international allocation Agriculture, Mr

Brannan scheme is on the stocks.

look into the altuation, United Press

Today's closing ice was 800 buyon 714, tellers.

Ono male was made in Liver- pool at 70 pence.

Bank Of France Statement

Parik, Feb. 8. The Hành Đ France states ment for the week ending Feb, 1 reads as follows- Total gold holdinge

Exchange Rates of other our

rencies

Sight balance

abroad

*182,7094,771,348

N.Y. Cotton Exchange

New York, Feb. 6:

The New York Cotton EX- change will be closed again this week. This means the Exchango. will not reopen at least until Tuesday,

On Monday is on omeini holiday. Lincoln's birth- day-United Press.

4.2017, New York Exchanges

Bunkrag wwe · doria: in** Linoticiai "OROČIATUTO matica mowing at the following: Tateyama Berting mobs (pwd) was V8, dolleen (per: #1). Bodoremi maikleve (per 100)

local

Advanes to currency

this

|

viabilisation fund 120,000,000,000

Bilja discounted in

1087

AnTranes and abroad 278,071,053,101

10.08 Notes in

3.90

Intion

1,378,236,740,8IG

Elm to par: 1903

20.30

Current,agoginis "De

Glory (AITHMS)

17.00

deposita

104,707,132,130

KBC plodywe (pw 100)

New York, Teb; B. Closingt- foreign exchaögu: Canada

Holland

Venezuela--

*26,28 $0.00 Othersworn sinchanged, ent

Ameociatest Prom

DUE FROM:

New York via

Manila Feb. 10

New York vin Manila 2nd week of Mar.

SAILS FOR:

Kobe, Nagoya, Yokohama, Ban, Francisco, Los Angeles, Now York, Baltimore, Philadelphia, Boston via Panama Canal, Feb. 11

Kobe, Nagoya, Yokohama, San Francisco, Los Angeles, Now York, Baltimore, Philadelphia, Boston via Panama

and week of Max.

Canal.

LIMITED PASSENGER_ACCOMMODATION AVAILABLE

Above Dates Subject to Change

For. Information Apply to:

A.P. PATTISON & CO., INC.

GENERAL AGENTS: CHINA, FORMOSA, KOREA, JAPAN AND HONGKONG.

12-14 Queen's Road Central 4th Floor.

CHINESE AGENTS:

OVERSEA CHINESE STEAMSHIP

48 Bonham Strand West, 1st Floor.

2 FLIGHTS WEEKLY

CO.,

Tel: 26846

LTD.

Tela: 26127 & 81119.

NORTH to

TAIPEH & TOKYO MONDAYS & FRIDAYS

SOUTH to

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WEDNESDAYA SUNDAYS

mater COACH SERVICE at reduced nates!

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