1951-02-26 — Page 7

MESSAGERIES M

-“BEAUVAIS”

ARRIVALS

from Japan

SAILINGS

THE CHINA MAIL, MONDAY, FEBRUARY 26, 1951,

MARITIMES Japanese Cotton Further Increases

M

PASSENGER/FREIGHT SERVICE

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

“BEAUVAIS" "MEINAM"

"GRANVILLE"

2nd Mar,

to Marseilles via Manila' Isi Apr. 8th May to Japan

to Marseilles via Manila 10th May

FREIGHT SERVICE

N. Africa & Europe 3rd Mar, N. Africa & Europe 25th Mar.

·N, Africa & Europe 27th Mar. for

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

CIE DES MESSAGERIES MARITIMES Queen's Building

Tel. 26661 (Three Lines)

WATERMAN

STEAMSHIP CORPORATION

MOBILE ALA. UŞA

WATERMAN LINE EXPRESS FREIGHT SERVICE

FROM U.S. ATLANTIC COAST VIA JAPAN

*. *. “KYSKA"

DIRECT. FOR

22nd Mar, 1981

NEW YORK, BALTIMORE & PHILADELPHIA VIA JAPAN. & HONOLULU.

4. 4. “KYSKA"

..... 23rd Mar, 1951 ALSO ACCEPTING TRANSHIPMENT CARGO FOR

.GULF PORTS.

WALLEM & CO., LTD.

Agents

Hongkong & Shanghai Bank Building Telephones:-38041—6

AMERICAN PRESIDENT LINES

Globel Fleet

ST. GEORGE'S BLDG,

PHONE 28172/5.

S.S. PRESIDENT CLEVELAND

will sail on Wednesday, February 28, at 4.00 P.M.

FOR HONOLULU and SAN FRANCISCO via KOBE and YOKOHAMA

Passengers are requested to board the vessel on Wednesday, February 28, between 1 and 8 P.M.

Baggage-room and Hold baggage will be received in Godown No. 50 of the Hongkong & Kowloon Wharf & Godown Co., Ltd., entrance through Gate No. 2, Canton Road, Kowloon, on Tuesday, February 27, from 9 A.M: to Noon and from 2 P.M. to 5 P.M.

2 FLIGHTS WEEKLY!

||

Cloth - Goaf

Tokyo, Feb. 25. Japan's cotton cloth ́ex-* port goal for the calendar Fear of 1051 has been act at 1,370 million Unear yards,

Japan led the world in cotton exports last year with 1,100 million yards,

According to estimates worked out by the Inter- national Trade and £13

domeste dustry Ministry,

wiil be consumption Ilmited to 2,0 pounds por

production target

to moet them' schedules will be 1,000,000 bales of yarn. Japan will have to import 2,002,000 baics of 'maw collan to achieve the production target--Beu- ter.

NY COTTON

REVIEW

In Wages Forecast

For UK

Industries

London, Feb. 24. Railway workers on the British nationalised railway system have gained a wage award that will cost the railway executive £12,000,000 and will benefit wage packets of 465,000 men.

The wider significance of this wage increase (which puts railway wages up by an average of 71⁄2 percent) is that it will certainly form the basis for a series of wage increases throughout British industry in the next few years.

There is some justice in the railwaymen getting the first cut of the cake. They have waited long; their conditions of work are unattractive; and their lowest earning wage group

at a pitiful standard under £5 per week.

Was

If the railway workers' guins away from the dividend freezo are taken as precedent, then the policy was enough to start a national wages bill of industry keen demand for English

0.10

HONGKONG

SHARE MARKET

business

Stock Ex

The volume of transacted on the change this morning was valued nt $113,875. The half day's business and noon closing prices were as follow:- SHARES DUTERS SELLERS”SALES

BANKS

HK Bank..

is bound to rise by something Electric shares and they wont New York, Feb. 24.. more than 1s, in the £.

ahend on Friday by 2s. 6d. The nation's cotton fulures The Chancellor of the Exche- Elsewhere in the Market gilt market ended a month of idle-quer, Mr Gaitskell, in his re-edged began to recover and ness this week while the trade cent speech on the economies home industrials tended to slip waited for clarification of price of roarmament indicated that away. Commodities were stil ceiling regulations.

the country could not expect a among the sirongost sections of Hopes prevalled at the week-rise in its standard of living to the Market cocally rubbCTS end that something was in the which it would otherwice be which

cojoying another hopper" which might end the entitled as the result of steadily boo despite profit-taking ac- tie-up at an early date. Trade increasing production.

tivities. sources understood that a new Wage Increases that now seem

The announcement that rail- INSURANCES order was in preparation or had to be inevitable are a kind of waymen have been awarded been completed to refreeze the token of the country's desire pay increase which will have price of raw cotton. Mr Edward for higher living standards. But to be offset by a rise in railway Wade, Chairman of the New they are bound to be only freight rates was received too York Colton Exchanges Trade token as what unions gain with late to have any effect on the Committee, emphasised that the one hand will certainly be Market. But on the whole firms Organisation Was enger to snatched back either in higher which lose

the railway resume po

normal operations. prices or by the Chancellor im-round-about should gain on the The usual run of trade and peeing increased taxation. price swlogs-London Express crop news was lost sight of The incentive that drives the Service. apparently in light of Washing-unions to tough wage bargaining ton uncertainties. The Census today is the desire to cash in a high rate of as many tokens as fast as pos- of Tawsible before the country is During the overtaken

Bureau reption

domestic

cotton in

In January

24% working days, mills up

1,040,80 bales,

by

the inevitable

used taxation and higher prices, For

on

India And

compared that reason mainly, 1951 Is Pakistan

with 784,050 bales consumed likely to be a year full of news during the 19 working days in about strikes, threatened or ac- December and 729,738 bales con- tual.

as British Railways! are concerned, increased wages will probably be offset by in- creased prices

sumed during the 10% working SUBSIDY SUGGESTION days in January a year ago. The As far cumulative consumption for the first six months ended Feb. 3, totalled 5,445,209 bales against 4,333,040 bales in the correspond There

ere is, however, a strong ing period of last year. Mills' body of opinion, mainly Socialist stocks of raw cotton on Feb. 3 amounted lo 2,253,240 bales against 1,997,000 bales on Dec. 30, 1950 and 1,750,068 bales on Jan. 28, 1950.-United Press.

tin

оп

More Controls Forecast

on

Sign New

Trade Pact

Karachi, Feb. 25.

Union ..... 056 Underwriters 2.90 3.15

DOCKS, ETC.

N. P. Wharf 8 0.20 Dock..... 1214 Provident

LAND, ETC.

HK Hotel Hummbreya UTIT TIES

Tam

Star Ferry

10,00

C Light (0) 305 623-

Light

(Don)

lectrie

Tairthone

(New)

TRIALS

"

50 19:30

10 1200

10 @ 033

500 13.30

2009

Cement, 1235 131⁄2 200 de 123,

STORES ETC.

100 @ 123%

Daly

1215

Dairy (New) Watsont

14

800 @ 13

223002135

COTTONS

Ewo

3.00

Crawford 21

but not exclusively, that argues Pakistan and India simed Rubber Futures

against increased freight and

a one-year trade agreement here passenger rates and suggests today. The signatories were the that rallway losses should

be leaders of the Indian and carried by the taxpayer.

Pakistan delegations to the which began

DTO-

viding a subsidy as vital ser-/trade my 10. ·

here on

will

on the

In Singapore

Singapore, Feb. 24. Prices of rubber futures closca here today as follows: Number 1 rubber, per ib. Number 1 rubber. March 222-223

February

22814-200 Nun kar

・

R.I.L.

ROYAL

INTEROCEAN

• SINGAPORE JAVA PORTS and MACASSAR "TJIWANGI". "TASMAN” • **TJITJALENGKA” "VAN HEUTSZ" *

* only to Singapore,

• MANILA, EAST & SOUTH AFRICA and SOUTH AMERICA **TJISADANE" "TJFANAƑ” **TJIBESAR* ** † "DOISSEVAIN”... ....... "STRAAT SOENDA"

ARRIVALS

In Port In Port

12th Mar. In Port Penang & B. Dell.

LINES

SAILINGS 28th Feb. ZI

7th Mar. 16th Mar, Vi 24th Mar.

SAILINGS.

7th Mar,

In

ARRIVALS

Fort

10th Mar.

18th Mar,

26th Mar.

In

Port

5th Mar,

..

not proceeding to 6. America.

+ not calling Manila,

• JAPAN

ARRIVALS

11th Mar.

17th Mar,

24th Mar.

18th Mar.

.... 4th Apr.

"TJIPANAS"

"TJINKSAMEN

"BOISSEVAIN"

"VAN HRUTSZ"

"STRAAT SOENDA”

SAILINGS

Brd Mar.

Zeth Mar,

Agents: HOLLAND EAST ASIA LINE

EUROPE via MANILA

and MALAYA "AAGTEKERE”)

"ALMKER20”

"LANGLEESCOT“

ARRIVALS

5th Mar ..Mid. Apr.

to

Through Ba/L immed ModNerranean and Northern

European Ports.

• JAPAN

"AAGTEKERK" + "ALMKERK" + "LANGLEESCOT"

+ via Manjia,

SAILINGS 6th Mar. Early. Apr.

May

SAILINGS

Clb Mar.

ARRIVALS 7th Mar .Early Apt.

May

MIG, ADT.

SLBIMESESTENIKER COSSÁGZHOUSE.

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, via BAN FRANCISCO, LOS ANGELES AND PANAMA

NEXT SAILINGS

M.S. "OLGA MAERSK” MS. "LAURA MAERSK” M.S.

Feb. 28

Mar. 15

Mar 30

A

"HULDA MAERSK”

TANKS OF ALL SIZES AVAILABLE FOR BULK OIL

ARRIVALS FROM U.S.A.

rubber,

rubber

22015-20135

207 -200

19T -IPC

104 -100 233 234

M.S. "TREIN MAERSK”

United Press.

M.S. "PETER MAERSK❞

M.S. "LEXA MAERSK”

crepe

vice to industry.

With Justice the railway

note press

announced: executive points out that scarce-"Trade talks between India and ly a major railway network in Pakistan concluded today and a the worki runs at a proit. How-satisfactory agreement has been New York, Feb. 25.

ever, British

ched on all matters, includ- Railway accounts reached The Government controls

would

February profits if coming the mode of payments." show

hancha hands. dvillan use of some copper and panies were in private

Under the agreement Pakistan Nurnber

February products were

The effoot of relaxed

nationalisation was export raw Jute, raw cot-Number little

February convert railway ordinary ton, food grains and other com- this week, but

other to

shares no well as debentures modities to India in exchange Spot rubber, unbaled restrictions were tightened and into fixed interest bearing stock for coal, steel and cotton textiles. No. I pale stepo new cutbacks were being pre-British Rallways have to cover

A joint statement said that a pared. The

all these interest payments be- number of goods would also be National Production

ploced

open general Authority dropped Its total banore it can claim a "profit" on

its books.

Hiconce

in both countries, which the use of copper and manufacture of more than 80 British exports would be kept exchanged but what these com-

Budnew NANDID done in the local down in price by this reduction modities were was not stated. civilian products,

The

Unofficial exchange

this markoc -added marning at the fulawing retou An earlier tin conservation of the "transport component"

in all

of the agreement Sterling note (per £) ...... 18.50 order was amended to increase seams weak at the moment as would be released simultaneous-call under per 100)

costs. This argument that details

$1) the number of products which there is probably a

ly in Karachi and Nw Delhi Siam ticals (per 100)

gulders by margin may be reacted in in plates which British exports could tomorrow.

Singapore (Šivate) and cans.-Associated Press. rise without sharply diminish. It

Brst full trade FC plastres (per 100) was the ing their gross earnings in the pact between the two countries New York Metalsdy for the railways or a

world. The choice between a since India devalued her cur-

rency in September, 1948, New York, Feb. 24.

rise in freight rates seems to Official sources here had said Prices in

the metal market be between the poor British earlier that an agreement, was here closed today unchanged taxpayer footing the whole bill reached after India had agreed with the following exceptions of the poor Brush railway user to recognise unconditionally the Lend, Common, New York, sharing the bill with the whole undervalued Pakistan rupee. per gb. 10%-United Press.

world that uses British goods.

authorise its limited use in the The case for a subaldy is that means that they may be freely Exchange Rates

ET CO-OPERATION WITH CAT

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NEW YORK-CHICAGO DETROIT-ZŐKONTO MONTREAL AND ALL AMERICAN & CANADIAN, CITIES

Arrives

For

Birmite"

Tob. 24

Ban Tranciace via Kobe,

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*F. J. LUCKENNACH”

Stratta

Mar.

Mar. 10

| Yokoham, NG

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**GROBUR LUCKEŃKA CH” -

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STOCK EXCHANGE Activity in the Stock Exchange did not decile this week as much as had been expected. Bar- gains at 61,000 wore only 3,000 fewer than last week. Réinvest- ment of steel funds still seems to have some way to go before it can be ignored as a factor

in the Market.

The rise in English Electric shares typifies the quick

rc- two

iction of investors when current factors come to bear

simultaneously. This weck's

English Electric's famous Can-

announcement -

Normal trade between India and Pakistan virtually came to shop when Pakistan, unlike India, decided not to devolue her rupee in Une with sterling devaluation in September, 1949. -Reuter

Grain Price

In Chicago

Chicago, Feb. 24.

7.40

Prices of grain futures closed berra jot bomber broke the here today as follows trans-Atlantic speed record and What price per bushel. this undoubtedly places the Spot

March company among those

which May will benefit andsomely from the rearmament programme. At September the mmo time the company's December dividend announcement showed Spot

Com

July

من المدان

a 5 per cent Increase and this | March further evidence of a break. May

September December

Bre May July September

Food Profit Margins To

Be Fixed

Columbus, Ohio, Feb. 24. The Price Blabiliser Michael Disalle, maid' today that the Government will soon issue regulations which will push food prices up and others

SOTTLE

March May

July

September

December

Now York Your-per 200 $13.30-United Press,

3.484

1,88).

New Worry For Textile Mills

New York, Feb. 24. down

Labour unrest added a new The rules will not the proft margins which retallers and mills, already harassed by the WORKS this week for textile wholesalers cap charge on their uncertainties in the Clover products.

matt price freeze order, f It is hard to determine whAS

The result the regulations will have Street: cotton gray good, trade tio-up in the Worth on tire overall prtog levels, he promlead to continue until the Kaid but they could correct "Inequities" in the prosent greece for free cotton: rerumes nation's spot undi, futures mar- and help to bri

bring Pelos platon bout a stable truding: Manisfacturers

San"Trandako "va 10864 &tan

tempt business until they know Yokobaqa

Galata Traund sing "difiern

be exactly where they stand on coming up within the next few the price celling for cloth and weckar klouki – stabliles, prices until they have means to *** c* during the summer manchas, tablish braw material costa, me Unlied Favis,

United FromS

Governinen, ordorni ARROld be futile for thous to abi

For fall pariloušaty omit Crometni Agvista, Valled Sindri Lâue Gé, Queen's

Mar. 14

Mar. 28 Apr. 21

For Freights and Further Particulars-please-apply-to-

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JEBSEN & CO.

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1.TH

Pedder Building

13.40

Tel. Nos. 26861-8.

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