THE CHINA MAIL, TUESDAY, FEBRUARY 27, 1951.
MESSAGERIES MARITIMES India And The US. Orders Drastic
MOM
~BEAUVAIS"
ARRIVALS
from Japan
PASSENGER/FREIGHT SERVICE
"FELIX ROUSSEL" "LA MARSEILLAISE" "LA MARSEILLAISE"
"BEAUVAIS"
"GRANVILLE”
"MEINAM"
4th Mar.
SAILINGS
to Marscilica via. Manila to Japan
1st Apr.
to Marseilles via Mantla
8th May 19th May
FREIGHT SERVICE
.N. Africa & Europe 5th Mar, N, Africa & Europe 25th Mar, ....N. Africa & Europe 27th Mar. for
FORT SAID, TUNIS, MARSEILLES, ALGIERS, ORAN, TANGIER, CASABLANCA, HAVRE,,DUNKIRK, ANTWERP & ROTTERDAM
CIE DES MESSAGERIES MARITIMES
Queen's Building
Tel. 26651 (Three Lines)
WATERMAN
STEAMSHIP CORPORATION
MOBILE ALA. USA
WATERMAN LINE EXPRESS FREIGHT SERVICE
FROM US. ATLANTIC COAST VIA JAPAN
".. "KYBKA"
DIRECT FOR
22nd Mar. 1951
NEW YORK, BALTIMORE & PHILADELPHIA VIA JAPAN & HONOLULU.
..... 23rd Mar. 1951
4... “KYSKA"
ALSO ACCEPTING TRANSHIPMENT CARGO FOR
GULF PORTS.
WALLEM & CO., LTD.
Agents
Hongkong & Shanghai Bank Building
Telephones:-38041-5
NE
MAERSK LINE
FAST FORTNIGHTLY SERVICE TO:
NEW YORK, BOSTON, DALTIMORE & PHILADELPHIA, via SAN FRANCISCO, LOS ANGELES AND PANAMA
NEXT SAILINGS
M.S. "OLGA MAERSK”
M.S. "LAURA MAERSK"
M.S.
"HULDA MAERSK"
Pakistan Rupee
Bombay, Feb. 26.
The Reserve Bank of India today announced tho extension of exchango control to Pakistan,
From tomorrow
the Pakistan rupoo
would be treated as a "foreign car. rendy" for all purposes of financial transactions and would be subject to ro- strictions imposed by foreign exchango regals. tans, the Bank suld in a communiqueReuter.
Wall Street Keeps On An Even Keel
New York, Feb. 20. Gains for a fow favourites kept the stock market on an even keel today.
Cuts In Use NEW TRADE
Of Rubber
Washington, Feb. 26.
The National Production Authority today announced it will reduce or eliminate the use of natural rubber in about 40,000 products on March 1.
The agency handed to representatives of the rubber industry a 32-page printed list specifying the percentage of natural rubber which may be used in civilian and some military products.
Smaller size passenger CAT tyres were cut to an average of 15 percent and larger sizes to 22 with percent. This compared about 25 and 35 percent natural rubber in current tyre output.
Use of any natural rubber was barred for most toys, passenger tyre tubes, re-treading material, most bottle stoppers, washing
Wringers, ami dust
HONGKONG
SHARE MARKET
The volume of business trans The use of natural rubber s limited to 85 percent in golf acted on the Stock Exchange balls, 10 percent in baseball cen- this morning was $255,890.50. tres, 81 percent in tennis balls. The half day's business and noon
Thero quotations and 53 percent in inflatable closing athlete balls such as: footballs | follow{—...... and basketballs.
Demand centred on selected | machine automotive, aircraft and utl'lty pans, shares. There were scattered declines. Copper mining issues were lower. Trading was at slow
pace, Benguet Mining was the 14th most active issue, clos-
down at 1%, Ing
Americas Telephone, helped by its report of record 1950 earnings, pushed forward more than a point. In- ternational Telephone also ad- vanced on active dealings, along with American Cable and Radio
which it controls.
Chrysler led the automotive list with an extreme rise of more than two points. Others higher included Consolidated Vulteo, Bocing. Westinghouse Electric, Johns Manville, Ameri. can
Cyanumid and Santa Fc. Some radio television
shares went higher in late buying,
Backward were Youngstown Sheet and Tube, U.S. Steel, Standard Oil, American Smelt- ing. Kennecott, Anaconda Cop- per, Dow Chemical, Montgomery Ward and Southern Pacific.
AGREEMENT
IN FORCE
Karachi, Feb, 20.
The trade agreement signed
bara between India and Pakistan yesterday came into effect today
and la vaild antil June 30, 1952,
grooment, which
it was officially announced.
According to the text of the was feruod Karachi and simultansously in New Delhi, Pakistan will wond 1,500,000 tons of food grains, in- cluding rice and wheat, to India, 120,000 tons of it before the and of next June, as well as an unlimited amount of row cotton. 3,800,000 bales of raw jute, cow hides, sheep skins and other goods, including cottonseed and cottonseed oil-cakes,
return India In
will send Fakistan 2,100,000 tons of coal, 28,000 tons of soft coke, 20,400 tons of pig fron, 100,000 tons of cement and other goods, in- cluding cotton goods, according to authoritative sources here.
The trade pact was con- ncluded on the basis of India's Pakistan's under- recognising valued rupee.
The Pakistan Government announced today that India had accepted at
value the par Pakistan rupee. Exchange con- 123@ 053 trol between the two countries would begin tomorrow. - Rou- ter.
BHARES BUYERS BELLERS SALES BANKS
80 @ 1299 HIC Banc
1270 1200 Elst Asia. 100
Manufacturers were directed to make the "minimum" possible use of natural rubber in a long bot of items ranging from solid INSURANCES aircraft tyres to matresses, gir- dies, dress shields, baby bottle nipples and baby pants.
Mr Leland E. Spencer, NPA's Rubber Director, told reporters the order will hold civilian consumption of natural rubber and latex to about 30,000 tons This compares with a month. $5,000 tons anticipated use in February,
THE OBJECTIVE
However, total use of rub- ber, including synthetic, will be about 90,000 tons in March.
of This is an increase
about 253.18 five per cent from February and 80.30 will result from increased out- from Bynthetic rubber 43.77 put 94.65 plants,
Rall slocks barely moved. Dow Jones averages: 20 Industrials
15 Rails
Stocks
10 Utilities
--Associated Press.
Grain Price
In Chicago
Chicago, Feb. 26. Prices of grain futures .closed here today us follows:
Wheat-price per bushel,
2.48 2.471
Spot March May July September December
2.491
2.631-
244-
0.403%
Com
Spot
1,0712
Match
18232
May July
In Port
September December
Mar. 15.
Rye
May
Mar 30
July
1.86- 1.84 -170%
-1.04.
1.03-1.03
TANKS OF ALL SIZES AVAILABLE FOR BULK OIL March
ARRIVALS FROM U.S.A.
M.S. "TREIN MAERSK"
M.S. "PETER MAERSK”
M.S. "LEXA MAERSK"
Mar. 14
Mar. 28 Apr. 21
For Freights and Further Particulars please apply to:-
AGENTS:
JEBSEN & CO.
Pedder Building
Tel. Nos. 26661-3,
Fly CANADIAN PACIFIC
TO NORTH AMERICA
THE SHORT NORTHERN
ROUTE
EVERY THURSDAY
from HONGKONG via TOKYO VANCOUVER
• 4-engined
• Speediest Route
"Empresses" • Perfect Cuisine
Pressurized, Roomy
Comfort • Bilingual
"Loungaire" Chairs
Stewardesses
Canadian Pacific
AIRLINES.
UNION BEING.
TEL: 22066.7.2
"WINGS OF THE WORLD'S GREATEST TRAVEL SYSTEM"
1.0934-1
101 101 May
New York four-ver 200 lb. lack. $13.30 United Press.
New York Sugar Futures
New York, Feb. 20. World sugar futures closed today 16 to 22 higher, with sales totalling 528 contracts.
Contract No. 8 closed today to 8 higher, with sales totalling 385 contracts.
Prices closed today as lows:-
Contract No. 4 (world)
March
Many
July
September Spot
May July
The
Mr order is designeủ, Spencer said, to conserve na- tural
stockpiling, rubber for armaments, and industrial items for which demand will increase
the mobilisation
13
advances.
programmo
The specifications were de- signed to have the least possiblo effect оп
Canton Jero
Union Underwriters 2.20 3.25
SHIPPING
Asia Nav. DOCKS, ETC.
X. Wharf..
N. PL Wharf Dock S'hal Dock Wheelock You gizo LAND, ETC.
HK Hotel..
Humphreys.
UTILITIES
65 c.
1000 @ 75 c.
70
44 0 78
1000 British Car
3
500 @ 20.25
6.70 6.05
Tram ....... 124%
Star Ferry
C. Light (0) 5.90 64 C. Lizit
(Bonus)
5.90
500 42 1.00
6499
Beotri ...... 22! XD 23 XD
STORES, ETC.
Dalry (New)
Watson
L. Chawford 2115 COTTONS
Ewo
2,63
quality of good, sold. The Rubber
in
or
Mr Spencer added, "Little any change should result, appearance, performance safety," he said, Associated Press
Report On The Wool Situation
Markets
New York, Feb, 20,
At the close, bid prices were unchanged to off one hundred
points. The lower primary
markets and the persistent un-
willingness of buyers to boost
Makers Reassured
London, Feb. 20, British car makers have been assured that their supplies of body steel will be allotted with out further
at least cuts for three months and perhaps sx months,
Supplice of sheet steel were reduced by 15 percent recently. Minister George Supply Strauss told
Parliament
the
makers will got
automobily 85 percent
deliveries through March and
is hoped to maintain supplies at
the same level in the second
quarter,—drociated Press.
FIRMER TONE
IN LONDON
London, Feb, 20.
Stock
Was
●
R. I. L ROYAL
INTEROCEAN.
SINGAPORE JAVA PORTS and MACASSAR _*TJIWANGI”
“TASMAN" * "EUTJALENGKA" "VAN HEUT:2" -
only to Singapore, MANILA, EAST & SOUTH AFRICA and· SOUTH AMERICA "TJSADANE” † "TJIPANAS” "TJIDESAR" ** †
"BOISSKVAIN" "STRAAT SOENDA"
ARRIVALS
In Port
.12th Mar. .... In Port Petang & B. Dell.
ARRIVALS
Port
In
LINES
SAILINGS __28th_Fch.
7th Mar, 10th Mar. 24th 35ar.
SAILINGS
7th Mar.
10th Mar,
18th Mar,
28th Mar,
In Port
5th Apr.
not proovedling to 8, America,
+ not calling Manila.
•
JAPAN
ARRIVALS
"TJIPANAS"
-11th Mar.
**TJIBESAR"
.17th Mar.
.24th Mar.
.18th Mar,
"BOISSEVAIN"
"VAN HEUT8Z” "STRAAT SOENDA"
4th Apr.
SAILINGS
and Mar. 20th Mar.
"Agents: "HOLLAND EAST ASIA LINE.
• EUROPE via MANILA and MALAYA "AAGTEKERK”
"ALMKERK”
"LANGLEESCOT”
Through B/L
issued
to
Mediterranean and Northern
European Ports.
• JAPAN
ARRIVALS
.14th Mar. .Mid. Apr.
ARRIVALS
SAILINGS 9th Mar, 915 Apr.
May
SAILINGS
"AAGTEKERK” ↑
"ALMKERK" †
"LANGLEESCOT”
7th Mar. 8th Apr. May
19th Mar.
M14. Apr.
+ vla Manila.
KINOS RICHMOLLILEMONESTIROL SETTO"ZBÜLT
SAS
D. C. 6
SERVICE
EVERY FRIDAY to Karachi,^^Lydda, : Home, Zurich, Frankfurt, Copenhagen, Oslo, Stockholm and New York. BAS SERVES 19 European Countries and N. & 9. Amerion. Agents: THORESEN & CO. LTD. Tel: 31241/2/3.
their price ideas were unsetting mainly famor today we SCANDINAVIAN AIRLINES SYSTEM
Influences in both the futures ment improved as a result of
and spot markets. The open the
contracts
settlement of the railway
In the futures market shaft-edged stocks were tac
at the start of trading totalled
higher and guins of 134 contracts, including 74 lots
by for March delivery, 40 for May
pence were shown
tex- particularly and 20 for July, all of ten tons Washington, Feb. 26, World wool production in each. The open position must tiles, breweries and motoru.
Oils were quietly supported, 1950-51 was estimated at 4,000,- be liquidated by March 31, sc- 000,000
cording to a directive issued by and in the foreign section ad- pounds on a grease
Minings basis, an Agriculture Depart the General Services Adminis-vances were recorded by Ger-
loaps, potush ment survey said. This means
were mixed. Tins were firm but fol- other metals were featureless."
an
tration.
an Increase of 140,000,000 ***Prices closed today as pounds over last year and two low percent higher than the 1936-40 average of 8,909,400,000 pounds, Spot
March the Department said.
The Department san Uttle chance for increased wool stocks or drops from the record price levels and prices are likely to remain high for the remainder of the current season.
May July
man
Rubbers moved irregular.
79.00
73,00 bld
The Financial Index was 122.0,
Times' dally
up 0.3-As-
67.00 bid
€1.00 bid
United Press.
S'PORE MARKET
Singapore, Feb. 20. Prices of rubber futures
Worki supplies of wood dur- fol-ing the present season have closed here today as follows-
5.20 nominal
8.33 traded
season.
been smaller than last season,
Number 1 rubber, per Ib.
February since a slight increase in world
March production has not been suffl-Number
ย rubber. 8.33 traded cient to
lower stocks offset the
February
1 6.33-8.34 traded at the beginning of the
Number
rubbe February World demand for wool is
4 Number
rubber expected to increase still fur- February ther as result of defence acti- į Spot rubber, unbaled
Black crepe vities in a number of countries. No. 1 pak crepe -United Press.
Contract No. 8
9.34
5.51 bid
5.06 traded
-5.09 bi
5.50
United Preis.
September
Spot
Credit Expansion
To Be
Curbed
Washington, Feb. 26.
President Truman today. directed Federal financial agencies to seek agreement on ways to curb private credit expansion while maintaining stability during the pending agreement.
to change
government security market Chairman Thomas McCabe
DOWOTH Banking
tio
HARRIMAN REALTY CO., LTD. all lending by member, banka and
Krtats
Agents
and ́Valnere.
·VOR · BALE - ÅND TO LET
Telegramx
Lek, to know your requirements,
We have boues, flais" stud- 40 2003 Inrad, available.
.
203-206
roclated Presa.
#
Cotton
Futures Suspension
226-22)
New York, Feb. 26. 271-2
Cotton futures trading will 218-219 remain suspended through Tues. day which will be the 28th ses
been slon, the market has 195-190 closed since Jan, 27, Same quar- ters think that another week 230-35 may claper before the situation show any signi -United Press.
could.begin to of change-United Press.
LONDON MARKET
278-720 104-100
London, Feb, 20.
Pricon of rubber futures closed hers today as follows Number 1 rubber, in cents
per ib. March
July/Bentarnber October/December
6714~50
6614-54
-United PreOK.
LONDON TIN ·
MARKET
London, Feb. 20.
Bollin
Of 631 experienced
over 130 have logged
B.O.A.C. pilots,
over a million miles,
I APS. 1
seventeen have more than doubled that, and one has flown
more than three million miles -equal to 120 times
around the world.
LOA.C. TAKIE 'GOOD CARE OF YOU
FLY - BO-A-C
♪ Shaking Comů your vent Trat Aguna or Sirène, Mljekarna & Ča, Lil. General Aybars in feX & China), 1940 Fordên 51, HK, Jul 17030, BALTISH, OVERSEAS, AIRWAYS.CORPORA
OVER 2700 PAGES • WEIGHT, 10: L85. ·
INTERNATIONAL
BUSINESS REGISTER
THIS DIRECTORY IS AN INDISPENSABLE GUIDE FOR ALL FIRMS ENGAGED, IN EXPORT OR IMPORT:
ITS WORLD-WIDE COVERAGE ASSURES ADVERTISERS OF SURE.RETURNS. CONTENTS
INDEX TO HEADINGS (TRILINGUAL)!
THE WORLD BY TRADES
For each product, a list of the most important producers and traders: throughout the world;
THE WORLD BY COUNTRIES:
FOR EACH COUNTRY:
Economic and geographical Information. -
FOR EACH IMPORTANT CITY::
Commercial, administrative and tourist Information,
Mr Truman sald, "I hope provided by the trading with that no attempt will be made the Enemy Act".
The tin market: closed today. An alphabetical listing of all products figuring in International Trade. the Interest rata The Presidential memorandum at the morning session barely pattern, so that stability in the was directed to Secretary of ready. Turnover was 80 tons,
the Trenqury John Boyder and including 15 tons for spot. will be maintained.”
Prices closed today at the end Tho President askod the th
'the Federal Reserve Board, of the official morning session Government-financial leaders to agencies which havo split over as follows consider, the necessity of rainy entes on long-term do
Interest spot in, sellers | the-isquo of
Spot tin, buyers dovernment Business: done, it 133 "to cur- bands as an anti-milation move, free-months tin, buyers ta. Defenco Mobiliser Three-months in, selless of the Tederal
Chair Battlement Reserve System." Charles E. Wilson and His memorandum said:
man Leon Keyserling of the The Beertiary (ut Treasury).
Boopomla could
calck it la tm- regulation · dolognto
Offers:
Of Copra the administration of this · porativo.rs that stablity in the
12
Pagate New York, i Fab./20, Government socurity marktet gramme to the Roporve Banks each to not and canadens in the public Sellers offered copra för n Iblom Men reporte, alt- sredit be maintained at a time to silpment at 285 per short flat- undies, mante failben pro- when we shall have to reston, CAZA?? the Facho Coast. 6 the billion. Tof dollars Coconut oil was nominally un- ceduro, The programme:"could finance
Tuntees done al
1,300. 3,600
1,439.
United
ALSO
Selective lists of Banks, Hotels, Insurance Companias, Importers, Exporters, Forwarders, Shipping Agencies, etc.
Maps and Street Maps, no›laneti o brofi a'néqu? (?
REGISTER PUBLISHED IN THREE LANGUAGES (ENGLISH FRENCH-SPANISH)ZA GRA tel: Sola/Distributors:
TERRY ADVERTISING AGENCY. Zuid Fleer. PO Box 2598.
CHP the Pacific CoustenUnited No. 19. Queen's Road, C.
King's Building (2nd Floor) 9 Connaught Rd., Hong Kong beextended to Institutiom of Government securities which changed at 24-15 cents pound,
other than member banks, it will como due later: this-wear. desired, by using the portreta - Associated Press“ -
No comments yet.
Private notes are available after approval.