1951-02-21 — Page 7

THE CHINA MAIL, WEDNESDAY, FEBRUARY 21, 1951.

MESSAGERIES MARITIMES SCRAP SHORTAGE IN

M

"BEAUVAIS"

ARRIVALS

from Japan

-SAILINGS.

MEUROPE MAY CRAMP

PASSENGER/FREIGHT SERVICE

"PELIX ROUSSEL" "LA MARSEILLAISE” "LA MARSEILLAISE"

"BEAUVAIS"

"MEINAM"

"GRANVILLE"

to Marsellice via Manila to Japan

2nd Mar.

1st Apr. ... 8th May to Marseilles via Manila 10th May

FREIGHT SERVICK

*

N. Africa & Europe 3rd Mar. N, Africa & Europe 18th Mar. ..N. Africa & Europe 27th Mar.

for

FORT SAID, TUNIS, MARSEILLES, ALGIERS, ORAN,

TANGIER, CASABLANCA, HAVRE,

ANTWERP-&-ROTTERDAM,

DUNKIRK,

CIE DES MESSAGERIES MARITIMES

Queen's Building

Tel. 26661 (Three Lines)

WATERMAN

STEAMSHIP

STEEL INDUSTRY

Geneva, Feb. 20.

"Experts here consider that the scrap market in Europe has to be organised in some way If the whole steel industry is not to be cramped.

According to their estimates, scrap available in Europe is tight, but not so, short as it looks on the market.

SOVIET

CHINESE

TRADE

Moscow, Feb. 20. Western observers noted with interest today the arrival here of a Chinese trade delegation head- el by Deputy Trade Minister Yao Yi-lin

CORPORATION important trace talks with the

MOBILE ALA. USA

WATERMAN LINE EXPRESS FREIGHT SERVICE

FROM U.S. ATLANTIC COAST VIA JAPAN

4. «. "KYSKA”

DIRECT FOR

22nd Mar. 1951

NEW YORK, BALTIMORE & PHILADELPHIA VIA JAPAN & HONOLULU.

"KYBKA"

..... 23rd Mar. 1951

ALSO ACCEPTING TRANSHIPMENT CARGO FOR

GULF PORTS.

WALLEM & CO., LTD.

Agents

Hongkong & Shanghai Bank Building

Telephones:-38041-5

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO: -NEW-YORK, BOSTON,-BALTIMORE-&-FITILADELPHIA,_gla

·SAN FRANCISCO, LOS ANGELES - AND PANAMA

NEXT SAILINGS

M.S. "OLGA MAERSK"

M.S. "LAURA MAERSK"

M.S. "HULDA MAERSK"

Feb. 27

Mar. 15

Mar 30

TANKS OF ALL SIZES AVAILABLE FOR BULK OIL

ARRIVALS FROM U.S.A.

M.S. "TREIN MAERSK”.

M.S. "PETER MAERSK"

M:S. "LEXA MAERSK”

Mar. 14 Mar. 23 Apr. 21

It is clear Yao has come for

Soviel Ministry of Foreign Trade.

In some countries, such a Belgium, the scrap price is free and bar practically doubled during the last six months, reaching $30 a ton.

HONGKONG

SHARE MARKET

The volume of business ransacted on the Stock Exchange this morn'as was valued at $183,125. The half day's business and noon closing prlies were as follows:-

BEARES BUYERS SELLERS SĄLER BANKS

10 Bank.. Bet ARA

In other countries, such as France, the crap price is fixed at a low lovel (313 a ton), ao that scrap-owners prefer to suTANCES heard

for better days.

and

wait

1.5. PURCHASES.

Carton

151323

100

40 0 200

@ 145

Union ....... Underwriters 8,10 IDC Fire

N. P. Wharf 4. 5.29 Dock Provident ... 1049). LANT), ETC.

In Britain, the experts say, DOCKS, ETC. fixed prices are too low; so that the production cost of scrap sicel is much lower than that of plg- Iron stos), thus encouraging a high scrap consumption, •

MK Land

UTILITIES

Them

The purchase of scrap by the United States is also felt to have Recent articles in the Soviet encouraged speculative tenaen- Press have stressed that 1950 ctes, not merely because of the was marked by important ex-amount of scrap that was with- pansion of Soviet Chinese trade drawn from the market (some and economic co-operation under 200,000 tons a year.) but also the terms of the 1980 alliance for the paychological reason that carries purchase" hotween the Soviet Union and "American

along the Chinese People's Republic,

of importan. profit. Western courées say the cur rent negotiations may be nimed nt further increases in the trade the two big lurnover between

China's trade with traighbours. the Soviet Union and with

the idea

*

38

800 4,11

World Record Price Paid For Wool

A

Melbourie, Job, to. Ameriona Intorasta: paid world record price of 411 pence pound for a bale of super merino lambe "Wool ál the Geelong wool-|-

males today.

first time

IL

the WHA crook bad brought more than 400 pence a pound,...

Blading was strong' and the market buoyant, Any changes were in the sellers' favour.

Prices at the Sydney Exles were fully firm On the previous day's levels 'for all descriptions of merino-Associated Press.

Transport Situation Is Tight

CITI-

Washington, Feb, 20. Agriculture Department clala said teday a fight trans-

30 230 # 3316 portation situation growing out of the defence programme may hold down exports of wheat in the months ahead.

11.70 100 @ 12.00

Sales of wheat for shipment abroad have been particularly C. Light (0) 6.30 6.30 1000 6.30 heavy during the past

three

months.

has This, in turn, 8.80 caused an unusually heavy de- 2013 mand for freight cars for move- Interior ment of grain from producing areas to ports.

2000 @ 12.50

1000 i 12.50 300121 2001216

200 @ 6.20

C. Light (N)

3.80

Becirle

B) 5.70 ..... 2933

Telephone

(N) 0

Cement ..... 1215 Rope ... STOVES, ETC.

Daby Born 12%

13

14

134

300

152

13

Dairy (N) Watson

As a matter of fact, the Ameri-INDUSTRIALS can price of $48 a ton, after de auction of some $15 for the freight, leaves some $30 to com- Eastern European countries has pare with the French controlled doubtful price of $13. It is ecome of much greater im-whether the premium of French portunce to her intely as the re- 'Fra. 750 (less than $2) which is Gult of the U. S. embargo on the now offered by the Government sle of many items to the Chi-to encourage serup collecting, nege,--Assdeirled Press,

will be sufficient to offset the difference.

Freezing Of Prices

In Brazil

Soares

It was learned, therefore, with great interest here, that the United States might consider

1735 ..... 2234 2234

L. Drawford 31% COTTONS

Ewo

2,40 2,70

giving up their scrap purchase LONDON TIN

in Europe, which represents, anyway, less than 1 per cent, of their purchased scrap consuinp- tion

It is doubtful whether any in- ternational allocation machinery could be efficient in the field of Rio De Janeiro, Feb, 20. Benjamin

long as comparable scrap Senhor Cabello, new Vice-President of market conditions do not exist in Europe. Such conditions existed Brazil's Central Price Commie-bafore, the war, when

the Scrap sinn, has proposed that the Convention was in force. prices of food, ulics arid ser-

Purchasing channels

were vices should be frozen at their

organised and prices periodically January 31 level.

adjusted by mutual agreement of both buyers and sellers, thus al-

Salaries would not be cluded.

in

He suggested that the Gov-lowing normal prices fluctuations and at the same time preventing ernment should buy on a non-

and sproulative hoarding from de- profit basis on the food

veloping as it does to-day. baste materials markets,

Transport and food syndicates should plan with the Commis- sion to ensure adequate sup- plies, and a cereals and food exchange should be set up here, he said. Reuter

British Steel

Prices Up

London, Feb. 20. Price Increases for kron and steel were announced today-Ave the Industry came days after under State control.

The new prices apply from tomorrow, the Ministry of Supply

For Freights and Further Particulars please apply to:-announced.

AGENTS:

JEBSEN & CO.

Pedder Building

PENINSULAR

Tel. Nos. 26661-8.

The increases, which were expected, are mainly due to rises in the cost of coal and coke. Examples of the Increases are basic pig Iron

from up £10.113.6d. a lon to £10.18s, and cold rolled steel strip up from £33 a ton

£33,123.6d.- Reuter.

IRON ORE PROSPECTS

Although in a less acute do- gree, Iron ore production in Europo also suffers from a lack of agreement between producent and - purchasers. The feeling prevails here that if the iron ore market could be better organised, producers might be induced to increase their investments.

MARKET

London, Feb. 20. Tin prices again improved to. day, with turnover only 60 tons, including 15 tons for spot.

Prices closed today at the end of the official morning session ne follows:

Spot tin, buyer Spot in, reiler Business'dono al Three-months tin,

buyer ***. Three-months in,

Beller Business done at Battlement

The supply of freight cars,

however, is short of total needs.

There is sti ample wheat, officials told reporters, to meet current and anticipated export and domestic uceds and main- Iain a safe reserve.

Ofelais said exportero have bren advised of the tight ship- ping situation. It has been uggested, they said, that CX- perters take this into account in making additional sales for

xportAssociated Press.

JAPAN'S DYE INDUSTRY

Tokyo, Feb. 21. Japan's dye industry is slated to reach new highs in production this year, according to the economic Journal, Nihon Keizal.

Said this opinistle outlook is based on a two-fold jump in domestic demand and three-fold rise in exports in December last 1,530 1,325-3,530 year over last summer.

1,400

1,403

1,400

1,650 -United Press.

Singapore Rubber Futures

Singapore. Feb. 20. Prices of rubber futures cidos here today as follows: Number 1 rubber, per lb,

February

March

In present circumstances, on the other hand, it is difficult to persuade Sweden, for instance, to expand her investment pro- Number gramme in the North. Lackdog 4 February guarantee that a reasonably safe Number market will be assured to her surplus production, she is not likely to run the risk of unex- portable surpluses.

New York Sugar Futures

New York, Feb. 20. 'World sugar futures closed today unchanged to 2 higher, with sales to

totalling 543 con tracts.

Seeds And Oils

+

3 February Number •

rubbo

February Spot rubber, unbaled Back crepe No. 1 pale crepe

230-22016

273-223

221-323

318-220

199-200

283-254

164-240 135-340

--Plaited Pres.

New York Rubber Futures

In view of increasing demand, mapufacturers are said to be trying to boost the production to 7,000 tons this year. Howeyer, they believe that the production goal may reach 10,000 tons before the end of the fiscal year of 1950-United Press.

U.S. Copper Cut Washington, Feb. 20. The Government announced today that nicel of automobilta durable and other consumer goods will be cut 20 percent on April 1, probably 30 percent on July 1 and perhaps later in the year.

The National Production Authority also announced that ) copper for non-defence produc- tion will be cut 25 percent on April 1. This is five percent greater than the cut previously ordered for March. United

Press,

Copra Sellers

copra

more

in-

New York, Feb. 20. Trading in apot and futures

New York, Feb. 20.

for offered Sellers natural rubber for markets remained at a practical standstill nearby shipment at $290 per CIF. the Pacific Contract No. 6 closed today Exchange

again.

the On

Commodity short ton,

The Chest, However,

dealers Incorporated, markobt closed 200 points lower dicaled that. some material today as fol-to half points higher on bid might be available on arm bid in cocoanut actual sales of $285 per ton. prices, with mo Contract No. 4 (world)

all, all positions were traded 4.68 nominal materialising.

of 21% cente a pound. F.O.B. Prices closed today as follows: milis-United Press.

2 to 3 higher.

Prices closed lows:

New York, Feb. 20.

& ORIENTAL

OS SEPARABIL

Prices in the seeds and oils market here closed today un-Jy changed with the following ex- September ceptions:

March

5.33 traded

4.91

6.03

Spot

4.50

Contract No,

TURE

York, per Ib. 2034

B. New in tank

MAY

941 dia

Spot Match.... MAT July

Jong ton ...

July September Spot

3.51 traded

1.55 195

STEAM NAVIGATION COMPANY

R.M.S. "CHUSAN”

NAILS:

NOTICE TO PASSENGERS

:BAGGAGE:

SATURDAY the 24TH FEBRUARY at NOON for the UNITED KINGDOM via Straits, Colòmbo, Bombay, Aden and Port Said:

Castor Seed per

Brazilian Port 75-200 mominál

United Press.

Moat Talks To Be Resumed

5.40

-Casted Press.

Black Pepper Markot

New York, Feb, 20. Spice dealers reported a con- siderable "Wickering" In tho black pepper market, although

74

72.00 bla 70.00 bid

R.I.L.

ROYAL

INTEROCEAN LINES.

SINGAPORE JAVA PORTS and MACASSAR

"TJIWANGI"

"TJISADANE" "TASMAN" * "TITTJALENGKA"

"VAN HEUT82" *

ARRIVALS

In Port

24th Feb.

20th Feb.

12th Mar.

In Port

• only to Singapore, Penang & B. Dell

• MANILA, EAST, &- ́ SOUTH AFRICA and

SOUTH AMERICA

"TJSADANE”

"TJIFANĄS"

“TJIDESAR" **

not prodceding to 8: Ameries,

“BOIBSEVAIN"

"STRAAT BOENDA"

• JAPAN

*TIPÄNAB"

"TJIBE:AR"

"BOISSEVAIN"

"VAN HEUT8Z”

"STRAAT SOENDA”

SAILINGS

28th Feb.

7th Mr. 18th Mar, 24th Mar.

SAILINGS

Tth Mar.

ARRIVALS

18M DARK,

13th Mar.

24th Mar.

..26th Fol

6th Apr,

ARRIVALS

8th Mar,

12th Mar,

23rd Mar,

18th Mar,

6th Apr,

SAILINGS

3rd Mar. 20th Mar.

Agents: HOLLAND EAST ASIA LINE

⚫ EUROPE via MANILA

and MALAYA

“AAGTEKERK"

"ALMKERK”

"LANGLEESCOT"

to

Through M/L fatued Mediterranean and Northern European Porta:

• JAPAN

“AAGTEKERK” †

"ALMKERK” +

"LANGLEESCOT":

+ via Manila,

ARRIVALS

8th Mar, Mid, Apr.

SAILINGS

Farty. Apr.

SAILINGS

6th Mar.

ARRIVALS

Tih Mar. Early Apr. May

Mid. Apr.

KING'S BUILDINGSTELEPRONESE QKETDEM017-

ESCİMGEWENI SERE CONNAUGHTERJADEGET USE31 897-29111,

THATHERLEADER-GO BY CLIPPERY

On Pan American's new Double-decked Clipper

Service to the U.S.A.

(YIA MANILA)

NOW

EVERYONE SLEEPS IN

HONEST-TO-GOODNESS COMFORT

In Pan American's luxurious Sleeperette*

at no extra charge. Or in a full-size berth -only $10 free of charge to Honolulu from there to the U.S.

And this is just one feature of Pan American's new and finer air travel.

Call your Travel Agent or... Hong Kong Hotel, Phones 31639, 31830 Peninsula Hotel, Phone: 57585, 97675, 57694 Hong Kong

*Trade Marka, Pon American World Aleways, Ena

PAN AMERICAN

WORLD AIRWAYS

Pan American—and ONLY Pan American-"gives you thie meer and finer air travel

Pos Amation Wild Airways, Ina, Inowrporated i

-FLY WITH THE LEADER-GO BY CLIPPER

FLY WITH THE LEADER-GO BY CLIPPER

LEADER-GO BY CLIPPER

6100 NOTICE TO CONSIGNEES NOTICE TO CONSIGNEES NOTICE TO CONSIGNEES

United Press.

London Rubber

London, Feb. 20. Pricts of rubber futures closed here today as follows: Mumber 2 rubber, April/June ****

oente per b

July/September

Buenos Aires, Feb. 20. Argentina will tomorrow an-Actual trading. remained on the October/Decembe ounce the text of her note ac- quiet side. Spot supplies to cepting the British Government's mained nominally unchanged at pound. Trade sources proposal for the resumption of $1.00 a ment and trade talks, a Foreign reported London bidding 1.87 for

--Router.

Sucess-United Press.

-United

00-14.00

Ministry spokesman said today. March ablument but with life Exchange Rates

Co's Godown at No. 2 GATE, LANCASHIRE COTTON

ALL passengers baggage must be sent to the Hongkong & Kowloon Wharf

CANTON ROAD ENTRANCE by NOON on FRIDAY the 28RD FEBRUARY.

י ידיו,

MILLS MAKE MONEY

··SPECIAL NOTE: With the exception of hand packages

Lancashire, Feb. 29. carried by passengers themselves,

Britain's cotton mills In Lancashiro made moro ALL BAGGAGE must pass through money in 1950 than in any year since 1920-21 the Wharf Co/a Godown for loading on board by ship's alinge only.

Buches w dote in the local unofficial exchange market this morning at the fallowing rates Sterling note (Def) US dollars (per (1) Indonesia

(per 100). Siam Uicals Bingapore. (Biruita) FIC plastres (per 100)

RE. "YEUCK="

18. "CHANGTE"

Arrived 18th. February, INST.

M/V "ASTTANAK" Damaged cargo ex this vinent will

Damaged carro ex this vessel will

Damaged carpo es this vessel· be surveyed by Mors. Goddard & be surveyed by Blessrs. Goddard de Dough at Hong Kong Kowloon Douglas at Hongkong Kawiben will be surveyed by Maers. Goddard

& Doug at Hol's Wharf from Wharf & GOGOR CO. LA's Godowa What from We 15 d. on Tabruary 13 and 13, 1963. From 10am on February, El and 25. 21st and :Thursday, 22nd -Fahrener, 1951, and palgmens are requested | 1931, and consigneće representatives and consignees are to have their representativno, pre- are requested to be prejem durms during the survey..

have their representatives," "prevent

wont `during⋅ the mrvey:

requested. to

Survey.

BUTTERFIELD & 'SWIRE,

February 21, 1931.

BUTTERFELD & SWIRK

Aguste Australian-Oriented' Line T4A. China Navigution Co., Ltd.

BUTTERFIELD. A SWINK,

Hongkong. February 30, 1981.

Pacific Far East Line, Inc.

"Fast Regular Trans-Pacific Service

·OVERLAND

NEW YORK-CHICAGO DETROIT-TORONTO MONTREAL AND ALL AMERICAN & CANADIAN CIETEI

15.07

3.00 $0.00 1.700 12.10

DIRECT BAN YEÀNCISCO," LOS ANGELES,

India Trade Talks

Arrives

(Salla

*2. L. LUCKENNA CIR "INDIAN BRAK“,

San Francisco Strait

Tab. 20

Feb. 21

י.

Now Delhi, Feb. 20.

*F. 9. LUCKENBACIMA An Iraqi trade delegation and dinin survey showed the average percent, compared with under the former Finance PHILIPPINE KHARA pront of planing mills was porcent for 92 companies in Lusu. Minister, Al Mumtaz, now tu EMBARKATION: Will take place on SATURDAY the

(UB) per company Tow, British textile milione New Deint, is expected begin | Groæde EU Will RA, AVOIREyref, fully equipped with modern and trade saka WINTEROVdATime Thum 24TH FEBRUARY: between 9.80; am: 375 10:40 for a compimicasso automatic machinery. The new made oficiale here AVIDATIONIS 3: KESK and 11 am,

1949,

karják Kas orament is paying part of the bill The "average dividend paid for modernising a plantamason Thedologation, arrived two during 1950 by 89 mins was 10.21 | ciated Freman, de

For

Izjakarta, Stagsporu. Celembő

“Bombær & Karachi. "Ban ·Trancisco via Kobaj Nagoya &- Yakobama: Ban -- Francisco (via: Kate

Yokohama

Yokohama iedvesma), San Franciapo via Kobu, AL

Yokohama'