1951-02-28 — Page 15

THE CHINA MAIL, WEDNESDAY, FEBRUARY 28, 1951.

MESSAGERIES MARITIMES Mr. Clarke On British Cotton

M

→BEAUVAIS"

ARRIVALS

from Japan

SAILINGS

M

PASSENGER/FREIGHT SERVICE

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

"BEAUVAIS”

"MEINAM".

:

"GRANVILLE”

4th Mar,

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

to Marseilles via Manka 19th May

FREIGHT SERVICE

N. Africa & Europe 5th Mar, N. Africa & Europe 25th Mar, N. Africa & -Europe 27th Mar. for

PORT SAID, TUNIS, MANGEILLES, ALGIERS, ORAN, TANGIEE, 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 U.S. ATLANTIC COAST VIA JAPAN

**. *. *KYSKA“

DIRECT FOR

22nd Mar, 1951

NEW YORK, BALTIMORE & PHILADELPHIA VIA JAPAN & HONOLULU.

"EXSKA".

"

..... 23rd Mar. 1951 ALSO ACCEPTING TRANSHIPMENT CARGO FOR GULF PORTS.

WALLEM &

Agents

Way Back

-(Our-Own Correspondent)

London, Feb. 27. Mr A. G. Clarke, Hong- kong's Director of Cam- merce and Industry, left here by air this morning

his

back to the way Colony,

on

arrival bere

Since his from Washington ho been having conversations with high-level officials of the Colonial Office and Foreign Office on the em- bargo on American trade with Hongkong. No state- ments have been Issued but officials stress that the Washington talks are still going on. Mr Clarko is to Hongkong report to the Government on his return.

AMERICAN

TRADE

Industry Warned: Hint Of Controls

The Cotton Board, has coupled a tribute to the cotton industry's progress in 1950 with a warn- ing that reorganisation must be hastened to meet growing competitive efficiency overseas.

In a trade letter to 5,000 firms it states that it is difficult to think of a year when actual results were better, but the industry's success was subject

JAPANESE

:\

COTTON PURCHASES

Tokyo, Feb. 27. The International Trade and contem- Industry Ministry is plating the purchase of 212,000 bales of foreign cotton with funds ranging from $40,000,000 to $70,000,000 under the April- June Yoreign currency budget now being worked out, close to the Ministry reported; today.

BOUTCCS

One hundred and six thousand

balles are expected to be im-

to many reservations in view of the general out-porto from the sterling area, look.

foolish to dis- It would be regard the possibilities of a re- furn of price and material con- trols If the international situa~ | tion worsened, it warned.

But there Was an important difference between controla in war and controls in a rearma- ment programme, and it was to be hoped that

SHANGHAI

BANK

Including 90,000 from Pukistan, 7,000 from India, and 9,000 from Uganda. Seventy thousand would come from the open account area. Thirty-six thousand would come from non- agreement countries, including 6,000 from Egpyt.

Industry circles in Osaka estimated that arrival of raw cotton from abroad during the February-June period will total 780,000 bales.

both not yield to the tempta-DEPOSITS UP Ministry also decided to

flen to think only in terms of what was done in the war.

San Francisco, Feb, 27. Urging the need for the in- dustry to handle the situation Peking Radio said tonight

WITH ASIA zelf, the Bonnd stated: "With that deposits in private banks

as com-

Import 20,000 bales of raw wool from Argentina-United Press.

Jute Supply Adequate

loyal

support the trade should in Shanghai had "increased by be able to organise voluntary 70 percent between July and priorities for the programme as December last year Washington, Feb. 27,

it now appears to be designed."pared with the previous six The US. Census Bureau The price problem, however, months, reported today that US exports was more diftul, and the in- to Asid were up from US$133,dications were not too reacIY- 700,000 in November to US$140,- ing as to the industry's ability by the banks to help in- dustrial and trading firms 000,000 in December but that to cope voluntarily with it un-represented a 60 per cent rise. In Minister, Mr Fazlur Rehman, US. imports from Asta declined der Inflationary pressure.

January a further increase of from US$188,400,000 to US$177,- "Restraint in 200,000.

The Bureau

Ja a difficult

said noticeable swallowly,

CAPITAL NEEDS

profit margins for people to however

In the same period loans

The

Karachi, Feb. 27, Pakistan

Commerce

13 per cent in deposits and 27 said here today that after hoh- per cent in loans was reported.uring her commitments to In- agreement Both deposit and loan interest dia under the trade

signed here on Sunday, Paldistan

increases in exports appeared in 1 logica! the general trgument." [ratca had been reduced between would still be left with plenty

to

| two cases-shipments to Japan

US$35,200,000 ** from US$42,800,000 and shipments to the Philippines up from US$20,- 1000,000 to US$24,300,000.

The decline'in overall receipts from Asia was held to be largely the result of decreased imports from India, from US$25,300,000 to US$10,000,000. Associated Press.

CO., LTD. New York Rubber

Futures

Hongkong & Shanghai Bank Building

Telephones:--88041-6

MAERSK LINE

1,

FAST FORTNIGHTLY SERVICE TO:

Now York, Feb. 27. Crude rubber futures closed today unchanged to 300 points higher, with sales of 11 con- tracts. Ten tons were traded for May delivery at 70 cents a pound. The outside market remained

inactive with ship- Government buyers still too for apart in their res-

pers and

pective prico ideas.

The

Government

will res-

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, via July All positions must

SAN FRANCISCO, LOS ANGELES AND PANAMA

NEXT SAILINGS

M.S. "OLGA MAERSK"

M.S. "LAURA MAERSK”

M.S. "HULDA MAERSK”

Pro

.

If the industry could work on the voluntary principle and ob- tain 80 per cent. loyalty, flexi- bility and delivery would be preserved.

Warning of "immense efforts and large sums of money" being spent on the cotton industries of other countries, the Board declared: "We doubt if it is yet fully realised in Lancashire

what has to be spent in terms of capital and what bag to be done in terms of redeployment if we expect to obtain a major share of the available inter- national trade and at the same time pay wages at the levels to which we have now become ac- customed."

Dealing with raw colton' sup- plies, it said the Cotton Board was "far from happy about the situation."

Point Four Project

60 to 60 per cent during the of jute for the rest of the

Shanghal and world.

past

year in

other cities, the Radio added, India will get about 2,500,000

It also said that more than 50 bales of jute in the current per cent of the banks loans season, which has seen a much went to local industries while a better foreign offtake than any- considerable proportion bene-thing in the last 10 years, Mr fitted rural and urban traders. Fazlur Rehman added. -Reuter,

R. I. L.

ROYAL

INTEROCEAN.

SINGAPORE JAVA PORTS and MACASSAR "TJIWANGI" **TASMAN" • "TJITJALENGKA"

"VAN HEUT8Z” »

ARRIVALS-

In Port

In Fort

10th Mar.

In Port

only to Singapore, Penang & B. Dell

LINES

SAILINGS 28th Feb..

7th Mar. 18th Mar. 24th Mar.

SAILINGS

7th Mar.

•

•

MANILA, EAST. &

SOUTH AFRICA and

SOUTH AMERICA

ARRIVALS

"TJISADANE" †

In Port

16th Mar.

"TJIBESAR” ** †

18th Ear.

*BOISŊEVAIN"

25th Mar.

In Port

5th Apr.

. "TJIPANAS”

"STRAAT BOENDA"

- **

not proceeding to 6. Antorica.

+ not calling Manlis.

• JAPAN

**TJIFANAS” **TIIDESAN" "BOMSEVAIN"

"VAN HIKUTSZ” "STRAAT 8OENDA”

ARRIVALS

SAILINGS

.11th Mar.

17th. Mar.

24th Mar.

18th Mar.

4th Apr.

3rd Mar. 20th 'nfar.

Agents: HOLLAND' EAST ASIA LINE

• EUROPE via MANILA and MALAYA "AAGTEKERE" *ALMKERF" "LANGLEESCOT”

Through R/L inued to Mediterranean and Northern European Ports.

JAPAN

"AAGTEKERK" + “ALMKERK" +

He said: "Next season India's' quota will be the same, 30 | -- there will be plenty of jute for the rest of the world.” The

Grain Price Minister added that jute would

In Chicago

Chicago, Feb. 27, Prices of grain futures closed here today as follows:-

Wizeat-price per bushel.

Spot

244

3 تار

2.40 2.45%

240-

2.414-2 -209-%

bdaroh May July September December

Cora

Spot

13715

1.00

15

July

September

December

- Bye

Ma

March: May

0.00123TW 1415-4

be sold to India at negotiated prices and not at the miulma fixed by the Government.- Reuter.

Jap-Built Ship

For India

Tokyo, Feb. 27.

The first cargo`lady built in Japan for an Indian

is to be launched in Kobe to-

"LANGLEESCOT"

✦ via Manila.

ARRIVALS

18th Mar, Mid, Apr.

ARRIVALS

8th Mar,

SAILINGS 9th Már. 2nd week Apr.

2nd week Apr.

May

SAILINGS

Sied Mar. Mid. Apr.

EFINGSZIEDINGESTEL CPHONESOJM20012

S. A. C.

Company Every TUESDAY is SAC DAY to BANGKOK-

and DIRECT FLIGHT to RANGOON

BANGKOK/PENANG & SINGAPORE ON WEDNESDAY BANGKOK/RANGOON & CALCUTTA ON FRIDAY -

ship, which will be christened "Jag_Ganga," Wag built for the Great Eastern Shipping Company of Bombay by the Central Japan Heavy Industries. Company, according 1.30-9.09%%| to_the Kyode news agency. July

Outr March

100 New York faurimper 200 to, Back, $1320-United Pres.

**United Press.

LONDON TIN MARKET.

trict the aue of natural rubber in some 40,000 civilian ducts, effective on Thursday.

Washington, Feb. 27. The open

In contracts

the The State Department today futures market at the start of announced that the governments business totalled 116 contracts, of the United States and the including 65 in March de-Lebanon had agreed to a Point livery. 40 in May and 20 in Four project for development

be of the Litani River. liquidated by March 31.

A United

nited Nations economic

mirston Prices

the closed today

visited As survey follows:-

Lebanon in 1949 and recom- “Spor

mended development of the March

as one-of-the 73.00 bid Litant River

London, Feb. 27. July

03.00 bid means of increasing both indus-

The tin market at the morn→ United PreKS, trial and agricultural output.

fell sharply, but Hydroelectric power and irri-ing session

lower levels. gation have been placed at the steadied at the

185 tona, in- development projects propose tons for spot. by the Lebanon as part of the Prices closed today at the end plan for raising the country's of the official morning session living standard.United Press.

Млу In Port Mar. 15 Mar 80

TANKS OF ALL SIZES AVAILABLE FOR BULK OIL Rubber

ARRIVALS FROM U.S.A.

M.S. "TREIN MAERSK"

M.S. "PETER MAERSK"

M.S. "LEXA MAERSK”

*7400

179,00. 10.

Futures

Mar. 14 Mar. 23 Apr. 21

In

Singapore

Prices

Singapore, Feb. 27.

of rubber futures

For Freights and Further Particulars please apply to:-closed here today as follows:-

AGENTS:

JEBSEN & CO.

Pedder 'Building

LOW PRICES

Calculators, Typewriters

Carbons & Ribbons

The World Typewriter Co.

40.. Wellingtom St, Tel: 20506.

Repairing Service.

St. John Ambulance Brigade

FREE AMBULANCE SERVICE

Tel. Hongkong

Kowloon

35035

50000

Tel. Nos. 26661-8.

IT'S AZALEA TIME!

COME AND SEE THE DISPLAY IN OUR WINDOW

The CLOVER FLOWER SHOP Gloucester Arcade

GREAT SALE

RUGS

PALACE RUG CO. 4. Granville Rd., Jet Fl. Kowloon.

Number 1 rubber, per ib.

February

March Number

Number

February

February

2

Number 4 rubbe

February

Spot rubber, unbaled Tack crepe

No. 1 pale crepe

22814-22014 224 -200

230-231

207 -200

-196 -231

230

-United Press.

New York Sugar Futures

New York, Feb. 27. World sugar futures closed today 4 to 11 lower, with sales totalling 929 contracts,

Contract No. 6 closed today 3 to 7 lower, with sales totalling 274 contracts.

Prices' closed today as fol- Tows:- Contract No. 4 (world) March May

July September Spo: Contract No. 8 May July September Spot

1.20 nominal 826 bid 3. bid

6.39 traded

5.21

6.43 bid Dat bid 3.43 bid

5.50

-United Press,

Pacific Far East Live, Inc.

DIRECT

SAN FRANCIco, Les ANGELES

Vosss!

Fast Regular Trans-Pacific Service

OVERLAND

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

From

Arrives

Strait

Sara

Feb. 23

Ben Francisco

Mar. 3 San Francisco vis” Mobe,

Nagwn & Yokohama

| Bag (Tyanolico, via “Kobe

Yokoham

Dan' Frapoládó vie. Ko!

2 Tokohama

| Bam #ramedic

head of the list of exorionic

Raw Materials Conference

cluding 20 101s

Mr K. K. Chettur, head-of the Indian Liaison Mission in Japan, is expected to attend the launching ceremony-Reu- ter.

ECA Grants Announced

Washington, Feb, 27. The Economic Co-operation Administration today authorised Western Germany to purchase $100,000 worth of manila absca fibre from the Philippines, ECA also authorised $170,000 for Formosa, including $40,000 electrical equipment from for Japan and $130,000 for motor Spot in, buyers Bpot tin, sellers

1,405 vehicles Business dane ot

1460-1,405 Three-months tin, buyers 1,305 Three-months Un, sellers 1,400 Budinem. done

1395-1,400 Settlement

1,400 --United Press.

as follows:-

at

1,460

London Rubber

London, Feb. 27, Prices of rubber futures closed here today as follows- No.1 rubber, in

Washington, Feb. 27. Mr William Thorp, Assistant Secretary of State for Economic Affairs, told the first meeting of the International Materiala Con- ference Committee on copper, zinc and lead that their alloca

Der b. tion recommendation's would

April have to be confirmed by the Ark1/June home governments to become July/September effective.

A diplomatic official who re- ported the substance of Mr Thorp's remarks sald two sub- committees were appointed to draw up the rules of procedure and set a programme of the work.-United Press.

Lightning Strike

In Oilfields

Baghdad, Feb. 27. A lightning strike by 300 Barrah Petroleum Company workers for a 50 per cent wage

October/December

cenita

Thailand was authorised to purchase $612,000 worth of metals, vehicles, machinery and technical services. Indonesia was given $1,000 for manufactured goods.United Press.

Copra Quiet

New York, Feb. 27. The copro market ruled with bids at $282.50, 736-7235 qulet

CIF. the Pacific Cons!, Cocoanut oil Was nominally unchanged nt 211⁄2 -United Press pound United Press.

cents

4

Speculation Over Cotton Trading

New York, Feb. 27.

All cotton futures markets will remain closed on Wednesday, the 28th session since the price freeze order was issued.

The failure of pall "im- tions would be placed on special announcements to trading in old crop "months Increase and better treatment; minent" has spread to all workers at materialise made some traders through the margin requirement

but the more optimis changes. ollfields here and scoped for resumption of the Zubair the station and workshops

at

the Port of Fao.

The

police *tbok

nini strict measures to keep the peace as the Government and the com- pany tried to settle the dispute - Router.

cision on the

trading by next week. Peren- Mr C. R. Sayre, Chairman of

optimists understood that the Cotton Producer F the Agriculhire Secretary: Mmittee, representing Brannan, had made his de- from California to the raw cotton supposedly up to the Mississippi, trom

plan to rofreeze upon his return home to mill, lovel/ / The formula now warned that the pers goes to the Price: Controller:

Government aliciais, Mr Disalle, whose decision ` ji to makatalia expected possibly by tomorrow, threateneề thú, por but informants were way about guessing what Mr Dienlic 10,000,000 ba

Mr BayrulyAKILA decision would be.

inevitaht Amne one observer phrased it inevita Geneva, Feb. 27. the situation may be climaxed, farmHWEBERI Burma cost of living. figüre

by and cut what point Mr about

Living Cheaper

In Burma

In November and December last Disalle may yield, Tradery read would year showed

realis not go

a fall of eight a hint on that question into a practice, percent compared with the statement by Mearoseph Katliek, piles during the bei mare incaths of 1949,

Statistics published today by eat meal who in marketing rodon dicated his arency,

bad the International Labour Office Committed Worting aroufid which ̈rent inj detalls as had rogiæterna jfDO SANT

them" on

the crop

For full particulars, please apply:

General Agents:

SOUTH EAST ASIA TRADING CO., (SIAM) `LTD.

69, Connaught Road, West. Peninsula Hotel, Kowloon.

Booking Agents:

Tel: 24292

Tel: 56416

"AUW ́PIT SENG'S. TRADING CO., LTD. 10, Pedder Street, Tel: 26733 CHIANG HUAT HONG

340 Queen's Road, West, Tel: 36204 ·

When you ship by Clipper* Cargo you save 12 ways

A comparison of sea kodiit shipping cost by weight rates alone doesn't tell the whole story. You must also include these special economies of Clipper Cargo

» Crating is seldom necessary.

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