1951-03-15 — Page 7

Page

THE CHINA MAIL, THURSDAY, MARCH 15, 1951.

MESSAGERIES MARITIMES || Iran Situation

M

***MEINAM"

ARRIVALS :

from Japan SAILINGS

M

PASSENGER/FREIGHT SERVICE

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

"MEINAM"

"GRANVILLE"

"ODT DORISE”

24th Mar,

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

to Marseilles via Manila 19th May

FREIGHT SERVICE

N. Africa & Europe 25th Mar, -N. Afelen & Europe 27th Mar, N. Ateloa & Europe 28th Apr. for.

PORT SAID, TUNIS, MARSEILLES, ALGIERS, ORAN, TANGIER, CASABLANCA, HAVRE, DUNKIRK,

ANTWERP & ROTTERDAM.

"DOCTEUR TERSIN" ........for Balgon

20th Mar,

CIE DÉS MEssageries MARITIMES Queen's Building

Tel. 26651 (Three Lince)

& ORIENTAL

Affects Stock Exchange

-London, Mar. 14. Wall Street's overnight weakness and fresh fears of Middle East off troubles had the London Block Ex- change sagging today,

British Government funde lost up to half a point while industrial shares fol- lowed the downward trend,

Oil shares also fell with The exception of Shell Mex, which roso fractionally.

Financial Times' Index: 110.0-Associated Press.

HONGKONG SHARE MARKET

of

Malaya Resentment

R.I.L.

Against U.S. Selling Wave ROYAL

Tin Policies

Singapore, Mar, 14.

Malayan tin producers today snapped their fingers at the U.S. and set their sights upon doing more business with Soviet Russia and the rest of the world.

Tin prices climbed to S$567 a picul-up two dollars as the anti-American feeling spread from the northernmost tin mines to Singapore's hum- ming markets.

Many producers and traders took the view they "couldn't care less" what the US, did so long As there

are plenty of other buyers.

But resentment over the US. The volume business Government's actions in sus transacted on the Stock Exchange pending tin purchases until this morning was $102,150. The prices became reasonable and half day's business and noon assuming

as sole closing prices were as follow; American buyer, Bared all over

Malaya, SHARES BUYERS BELLERS SALES BANKS

HK Bank Bagi Asta INSURANCES

Canton ***** Union Underwriters

100

10 1350

0:30 000 3.10

25 3 000

DOCKS, ETC.

K. Wharf

00

200 81

N. P. WhaÍ

Dock

13

Provident

6.40

152

Shal Dock

2.76

IND, ETC.

Whenlock .. 201

A Hotel XI

11C Land

Jumphrey.

UTLITIES

Thm XD

PENINSULAR

OCUS NOS SEPARABIT

STEAM NAVIGATION COMPANY

R.M.S. "CARTHAGE"

SAILS:

NOTICE TO PASSENGERS

BAGGAGE:

FRIDAY the 16TH MARCH at NOON| for the UNITED KINGDOM via Straits, Colombo, Bombay, Aden and Port Said.

C. Light (0) 5.80

€ Light (N)

crie

XD 22

ALL passengers baggage must be EDUSTRIALS sent to the Hongkong & Kowloon Cement XD Wharf Co.'s Godown at NO. 2 GATE, [SORES, ETC. CANTON ROAD ENTRANCE by NOON on THURSDAY the 15TH MARCH,

Star Ferry

5 5,00

30

the role

Tin miners in Kinta Valloy, near Ipoh, heart of the world's richest

territory, producing demanded the protection of a free market.

They urged concentrallon upon increase sales to Russa, France, and India, where poten- tial demand is great.

U.S. ACCUBED

Iems, it will try to establish a system of allocating the world's supply of tin and set a fair price for the metal. The United States, which produces virtually no tin but uses more than bait of the world's supply, has been irked at zooming prices which have climbed from about 77 cents a pound before the Korean war to $1.83 recently, --- United Fress.

Newsprint

Anxiety In

Philippines

Washington, Mar. 14.

re-

In the Malayan capital of Kuala Lumpur, tin operatore said the anti-American feeling is not directed at the US.

but people

ut responsible Commenting on Manlia 200 735 Government officiais.

ports that island publishers had accused the US. of asked President Quirino to at- They gouging the world in prieca for

zempt to

secure assured sup lead, zinc and copper.

plies of American newsprint on their behalf,

Philippine Embassy and U.S. officials said today they had not thus far re-i

+

LI

100 11 IDO @ 11

€ 500 5.90

3.70

500.00

23 100 @ 2214

2216

60022

10

indry

Latson CTONS

2,00

SPECIAL NOTE: With the exception of hand packages carried by passengers themselves,

the Wharf Co.'s Godown for loading on board by ship's slings only.

8888

0930

39

The tin buttle dominated much

the

Batters Down Wall Street

WIDE LOSSES REPORTED

The stock

New York, Mar. 14.

market struggled to get ahead today but was bate

kato selling, tered down by a

surge.

Rails and a long list of diver- sided issues were comfortably ahead for a while, but every-

lale selling.

thing fell under the barrage of Five minutes before the close the quotations.

tape

was

蠱

one

minute behind in reporting floor tradings. It was still behind at the close.

Loasts ranged between and two dollars and in some onses nearly three.

Aircrafts, steels, rails, rub- bera, farm Implements, chemi- cals, some airtines and building] material issues were hard hit.

Tradings WMO 2,110,000 shares

Stumblers included Pittsburgh Steel preferred, Douglas Air- craft, Lockheed, Allied Chemical. Superior Oil of California, Paramount Pictures and Sunray Oil

Dow Jones averages: Stocks:

Industrials:

00.53 243.05

Rails Uulitics

80,84. 42,50

-Associated Press.

U.S. Fixes

space in Singapore's newspapers, and it was a major topic of conversation everywhere.

Rubber sold at S$2.18 a pound

oficials sald newsprint} today, up six cents from Tues-exports are not under control.

Rubber men day.

Bay Russia The

The Embassy sukd

Philippine could wield a big price club publishers should present their since any sudden heavy demand documented newsprint needs to is bound to cause a sharp rise. Island Importers, who in turn ~~Associated

should ask the Embassy ΠΟΣ advisory assistance in

celved such a request. Rice

their needs from U.S. S

Price

Ceilings

Washington; Mar. 14. The Government today issued a now regulation establishing dollars-and-cents celling National Production

prices Authority officials who are concerned with on rice at the mili or processor availability and distribution of level. Consumer prices are not paper products sald newsprint affected by the order.

The Office of Price Stabilisa-

ALL BAGGAGE must pass through | frchange Rates froment, but may fluctuate is under consideration for postion which issued the regulation

and

EMBARKATION: Will take place on FRIDAY the 16TEL

MARCH between 9.80 a.m. 11 a.m.

it

RFC STATEMENT

Washington, Mar, 14, Tho Reconstruction Finance Corporation said today that the New York market price of US $1.34 per pound for tin is not

time to time,

sible allocation but declined to

set The price, set on Tuesday by say what action would be taken said the ceiling prices it

represent a roll-back from the nes was done in the local the US Government since

RFC order, was the first set by or when.

increase These offcials said the US highest levels and an

from this made itself the solo importer is sympathetically aware of the cellings at which rice mills and the lowest individual 15.70 and

Philippine newsprint needs, but processors were frozen In the stand now, they are not em- For the time being the powered to handle such a altum-ceiling price

general will continue ton-Associated Press,

to to sales of milled rice at all other levels of distribution.

The OPS said it is expected the normal marketing of rice, which was disrupted by the general recze, will be restored

tmostal

exchange market morg at the following rates:-

U.B. Bliars (per $1) 0.0423 seller of tin last Saturday they pointed out that as matters general regulation on Jan, 20.

S note (per £) ...... Indonia guliders (per 100).. Slam kals (per 100). Stagare (Strafta) MIC

tree (per 100)

ISBRANDTSEN

23.80

RFC Oficial said it is *x-

2

3.38ected.

to remain fa force 1.77 soveral days. It is the March 18.00 | free-market price. The official sald prices might be pegged later, but that this was not per- tain.

Associated Press. HOLLBACK DENIED

Washington, Mar. 14. Commodity trade rumours of the an impending rollback in price

in

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

It is our fervent hope-one which we believe is almojuniversally shared -that the statesmen on both sides of any and all exing disputes and misunderstandings will get together and set things to righ We still hold to the view that mutual trade doés most to promote friendehind understanding between nations and peoples, and that we, as business menhould argue that point wherever and whenever we can:- Isbrandtsen

INDEPENDENT

DEPEN BLE

Fast Direct Sailings to JAPA and WEST COAST-U.S.A.-EAST DAST

with transhipment cargo accepted for Jamaica, Havana and oth Cuban Ports,

also Venezuela at

COMPETITIVE RATES OF FREIGHT

DUE FROM:

5.8. "FLYING INDEPENDENT" New York vin

Kobe,

SALFOR:

of tin were denied

official quarters today.

tin

Cotton Textile Activity

New York, Mar. 14. On the heels of the Govern- The cotton textile market was ment action to take control of a little more active today. A

in the

interests of national few mills. sold print cloths, and defence, New York commodity other constructions for second trader predicted a price rollback and third quarter delivery to 31.30 per pound at which the Prices varied, depending on the Reconstruction Finance Corpora. individual ceiling of each seller. tion had bought in from the British Ministry of Supply from June, 1948 unfit June, 1949.

check-up,

however, dis closed that such action is ex- tremely unlikely, since such a drastic price cut has

no In- surance of tin supplies.

The RFC. meanwhile, has. established the market for tin at $1.34

the New York market price of last Fri- day day.

In

MA

In its

that

INTEROCEAN

@_SINGAPORE-JAVA-

PORTS and MACASSAR “TJITJALENGKA" ** *VÄN HEUT6Z" * “TJIWANGI"

#TASMAN** *

ARRIVALS 19th_Mar._____

.270 Mar.

29th Mar.

⚫ only to Singapore, Penang & B, Dell,

**

not calling Singapore,

⚫ MANILA, EAST &

SOUTH AFRICA and

: SOUTH AMERICA

“TJIPANAS" "TJIBESAR”-46-4 "BOISSEVAIN" "STRAAT SOENDA” “TEGELBEEG”

ARRIVALS

In Port 4th Apr.

not proceeding to 8. Amorica,

† not calling Manila.. JAPAN

"VAN HEUTSZ”

"TJIPANAS”

"TJIBESAR"

"BOISSEVAIN"

"STRAAT BOENDA” "TEGELBERG"

ARRIVALS

16th Mar,

17th Mar,

22nd Mar.

24th Mar,

7th APT.

0th May

LINES

SAILINGS Bist Mar. zoth Mar, Iri Apr.

8th Apr.

SAILINGS

29th Mar, 24th Mar. 28th Mar.

9th Apr.

8th May

SAILINGS

Both Maz. 6th Apr.

Agents: HOLLAND EAST ASIA LINE

EUROPE via MANILA

•

and MALAYA

"AAGTEKERE”

“ALMKELE"

"LANGLEESOOT"

Through B/L issued to Mediterranean and Northern European Ports.

• JAPAN

"ALMKERK" +

"LANGLEESOOT""

+ via Manila.

ARRIVALS

In Port .20th Mar, ,Mid, Apr.

SAILINGS 15th Mar.

2nd week Apr.

May

ARRIVALS

Snd wock Apr.

May

SAILINGS 26th Mar, MIA. Apr.

EAKING'S BUILDING, TELEPHONES/SQ8O SETOS QW01788 | 8

SCHMISIS AGENISERE CONSÁGJSHADEGENSEX® 201312e

MAERSK LINE

FAST FORTNIGHTLY' SERVICE TO:

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, vis SAN FRANCISCO, LOS ANGELES AND PANAMA

NEXT SAILINGS

M.S. "LAURA MAERSK" *M.S. "HULDA MAERSK".

MS. "TREIN MAERSK”

Mar. 18

Mar. 80 ..Apr. 14

"This vessel calls Vancouver prior to San Francisco,

ARRIVALS FROM U.S.A.

MS. "PETER MAERSK”

M.S. "LEXA MAERSK”.

M.S. “SALLY MAERSK”

Mar. 28

Apr. 21

May 3

by the establishment of uniform For Freights and Further Particulars please apply to:-- dollars-and-cents ceilings milled rice.-Associated Press.

TIN

for

MARKET STRENGTH

London, Mar. 14. The tin market turned very In wool goods, prospects of settlement of the month-old

strong today. Turnover was 65 strike of mill workers tons, including 20 tons for spot.

Prices closed today at the end brightened. A leading mill in the industry and labour repre- follows

of the official morning session as sentatives were reported to have reached a tentative settle spot tin, buyer Spot tin. seller ment of the strike.

Business done at Three-months tin, buyers Three-months tin, sellers Battlement

Rayon goods were generally quiet One producer has been Business done at per pound,

seller of gabardines and luana for accond goods this week

at Opiling quarter delivery

1,313 1,305-1,200 1.115 1,125 1,120-1,100 1,305 -United Press.

order placing all do- levels, it was reported-Asso-New York Sugar

mestic users of plz tin under ciated Press.

allocation, effective on May 1,

the National Production Autho-

rity on Monday designated the Italian Industry To

Be Surveyed··

Futures

New York, Mar, 14.' World sugar futures closed here today 1 to 7 points lower, with sales totaling 246 COIL- tracts.

RF.C. as sole importer of tin. The only exceptions KLING lm- porters who on Monday bad tin

Stanford University, afloat en route to the United

Mar. 14. States or persons who prior to Stanford University said to March 12 had entered into con- day that an agreement with the tracts to

Italian Government has been to purchase or sell tin. It is

hoped that solution of

that a

reached by the international tin price problem will be division of Stanford Rescarch reached nt the meeting of Institute for an extensive in-lows world tin producers opening dustrial survey and analysis of Contract No. 4 (world),

tomorrow as part

of the Italy's mechanical industries. May international materials con Associated Press, ference. Representatives

hero

OK

Contract No. 8 closed here today 1 to 2 lower, with sales totalling 301 contracts.

Prices closed today as fol-

the United Kingdom, Belgium, NEW YORK BANK Contract No. 6

Netherlands and Bolivia are to

QUOTATIONS

July September Spot

MR3

July

September

sit at the Conference table and, in ls hoped that they will be joined by "Indonesia. A Bolivian

Яpot New York, Mar. 14. Nasa Yokohama, spokesman has already pointed Manlia. Third

Closing quotations San Francisch

Los Angeles, Week

New of

York Baltimore.

out that any

Bank of America: 2014 bid, such price BA March.

Philadelphie, brian: via $1.08 Der pound would not be 27% asked.

331⁄2, bid, Panama Canalhird week adequate compensation for the * of March.

extra high current of pro- 40% askod.

National City: 48% bid, 50% askolAssociated Press/

LIMITED PASSENGER ACCOMMODATION AVAIBLE

Above Dates Subject to Change

For Information Apply to:

A.P. PATTISON & CO., Ic.

|duction-United Press.

ACTION EXPLAINED

Washington, Mar. 14.

Chase National:

I learned today that the Exchanges In®NY

WAS

Government's:: recent moves

against foreign tin speculators

5:47 traded

5,44-5,47 traded

8.50

5.43 bid

5.54 DIA

sat traded 5,40 --- alted Press,

Rubber Futures Ir. Singapore

March

futuros

21015-21135

Singapore, Mar. 14.

of Prices

rubber New York, Mar, 14.

closed bero today us-follow.... Number 1 rubber, -*** was timed to put the US. In Belgium

Closing foreign exchango;

per ib. March 1.08-1April: ver strong bargaining position at the Holland now international tin con- Switzerland

20,27 Number a rubber. 28.10 General

Other Unchanged Associated Number, a Services Administration, Gov- Press.

Tumber ernment's buying agency, said the nation wanted to be able to

Spot rubbe go into the meetings and show Foreign-representatives what the United States can do to lin prices

SAMALEman for the

GENERAL AGENTS: CHINA, TORMOSA, KOREA, JAPAN AND HONẲNG | If It has to.

12-14 Queen's Bond Contral 4th Floor.

Tel:

japan savet › CHINESE AGENTS:

OVERSEA CHINESE STEAMSHIP "CO“ ·

Benham Strand West, 1st Floor.

Tela: 26127 & 8117

Freight Rates Up Back Washington, Mar. 14., 'The Commission today authorlard the

• Interstate 1/ Commerce

strategy as representatives

He revealed the United Blafee fallroads to make quies London Rul

other nations word yotganje)stin compl

{temalions)

Indonesia

of from two to four percent

increnso la trosklit ratón fangilik

Futures

four Associated Pressoroga da Bordt je mocent

to

Jap Bonds Easler:

North New York Mar 11

pped a point and Japan: dva and one-halves were off 133- în

Brice of rubber

umbazat fuko

per Da 650] 200 April/June)

AGENTS:

JEBSEN & CO.

Pedder Buffding

Tel. Nos. 26601-3.

BEN LINE

FAST SERVICE TO UNITED KINGDOM

AND CONTINENT BY

S.S. "BENVORLICH"

LOADING HONGKONG 20th MARCH

FOR

LIVERPOOL & ROTTERDAM

VIA

KOHSICHANG, STRAITS, COLOMBO, ADEN, PORT SUDAN & PORT SAID.

W.R. LOXLEY & CO., (CHINA) LTD.

York Building.

Tel. 84185 & 88710,

SAS

SERVICE

Stockholm. and New