1951-03-16 — Page 7

MESSAGERIES

M

*MEINAM**-

ARRIVALS

from Japan SAILINGS

THE CHINA MAIL, FRIDAY, MARCH 16, 1951.

MARITIMES WHOLESALE Proposed American A Day Of

M PRICES ON

PASSENGER/FREIGHT BÉRVICE

"FELIX BOUSSEL" "LA MARSEILLAISK" "LA MARSEILLAISE”

"MEINAM"

"GRANVILLE"

"ODT DORISE”

24th Mar,

to Marsellica via Manila 1st Apr. 8th May to Japan to Marselllon via Manila 19th May

FREIGHT SERVICE

N. Afrion & Europe 25th Mar, .N. Africa & Europe 29th Mar, .N. Africa & Europe 28th Apr, for

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

"BOOTEUR TERSIN" ........for Salzon

20th Mar,

CIE DES MESSAGERIES MARITIMES

Queen's Building

Tel. 26651 (Three Lines)

INCREASE

Now York, Mar. 15. AUN, survey showed wholesale prices have in- creased steadily since last June In 31 of 36 countries

studied.

The sharpest rise -20 percent

--was reported in Finland...

The UN, warned against coun- methods of computation since vary in different lands,

However,

the survey showed that Britam apparently has been hit harder by inflation than the U.S. The Index was up 17 per pent in Britain and 18 percent In America.

try by country comparisons

Loan To Tran

Be Delayed

May

Rumburs On R. I. L.

Wall St.

New York, Mar. 15. Brisk buying, boosted the stock market today for wide-

The demand' was

concentra-

half hour of trading after the market most

bed in the final

-Washington, Mar-15.- spread The move by Iran to nationalise foreign oil concessions prompted the disclosure today that the United States some time ago suggested that British oil concerns split profits 50-50 with Iran.

Official sources said the British offered instead to double royalties on oil production.

Britom

paying royalties on each barrel of bl produced in Iran,

Prices in Britain were 23 per cent higher than a year ago, but U.S, pricos have gone up only 15 percent during the year, All the American increase Come after the start of the Korean Other increases cluded: Japan and Spain, Franco, 1 do Calha, 14; Thailand, liht; India, five; Now Zealand, two percent,Associat-clined od Presa.

has

been

pre-

HONGKONG SHARE MARKET

The

•

or the day swung back and forth like a weather vane. Transfers were 2,200,000. The radio television group led the advance and the biggest gains were matte there.

There was plenty of confilet- Irig rumotir

all day long-⚫ rumours of peace and denials of rumours of peace in the Korean altuation.

Curiously, although

prices

word up on average, there were DIA declines and only 397 Indvandes.

Among gainers were Zenith Radio; Baltimore › and Ohio, Milwaukee and St Chicago,

BROYAL INTEROCEAN.

SINGAPORE JAVA. ~PORTS and- MACASSAR “TJITJALËNGKA... **

MVAN-HEUTSZ" •

-“TJIWANGI”

"TASMAN" ►

•

ARRIVALS

10th Mar,

„27th Mar.

20th Mar,

only to Singapore, Penang & B, Doll.

** not calling Bingapore, MANILA, EAST &' SOUTH AFRICA and SOUTH AMERICA

***TJIPANAS” "TJIBESAR” ** + "BOISSEVAIN"

"STRAAT SOENDA'

**TEGELBERO”

LINES

SAILINGS #Lai Mar... Els Mar. 1st Apr.

Bib Apr.

ARRIVALS

SAILINGS

In Port

Bath Max. SYM Mar. BH Apr.

4th Apr.

** něj proceding to 8. Amérios,

† ziś óskiing Mávitá,

JAPAN

Faul

Dow Jones Averages:

90.79

214.85

91.17

"VAN HEUTSY"

42.49

Associated Press.

The 50-50 split formula sug- gested to British officials said, to be patterned on agree: ments which United Bites da with South concerns have Ambon and the Latin American

The countries. coil-producing American stembalian sented to the British, was said to have betri thitt the pront

of business Stocks volume formula would help present re-

the Stock Ex- 20 Industrials going to the Western change this morning was $115,- 10 Rails

318.75, The half day's business 10 Uunties countries

The State Department do- | and, noon closing prices were re

to comment 01

the follow: No Iranian action. American SHARES NUYERS SELLERS BALES el companies have concessions BATIS

Iran

The Standard companies of New York and

HOWEVER, New Jersey,

have been planning to Build a plyo- line from Iran to the Mediter-

28 percent that might ourb oll transacted on

Slump In

MAERSK LINE Grain

FAST FORTNIGHTLY SERVICE TO:

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

NEXT SAILINGS

M.S. "LAURA MAERSK”

*M.S. "HULDA MAERSK"

M.S. "TREIN MAERSK”

Mar. 19 Mar. -80

Apr. 14

This vessel calls Vancouver prior to San Francisco.

ARRIVALS FROM U.S.A.

M.S. "PETER MAERSK”

"LEXA MAERSK” M.S. M.S. "SALLY MAERSK"

Mar. 28 Apr. 21 May 8

ង

וס

Prices,orities said meanwhile

In Chicago

Chicago, Mar. 15. Grain prices slumped in market apparently

from "penoe jitters".

a

wald meanwhile

that the proposed United States lows to Ira may be delayed Indiofinitely because Iran is not

accept "foreign" willing to money.

SCARED AWAY

Export- The United States suffering Import Bank agreed on Oct. 10 to lend $23,000,000 to Iran to agriculture, high-

DOCKS, ETC.

+

HK Hotel D JC Lad UTILITIES

Tram KD

IR I XD 1300 1310

10%

10 @ 1320 101310

INSURANCES

Capton Union Underwriterm 329

K. WHAT Stud Dock. 33%

Wheelock 2014 LAND, ETC.

1000

1000 1.83 2.83

4.00

37

S100

114 175

Stor Ferry

60

57%

11.25

70

C. Light (0)

C. Light (N)

C. Light (B)

Electric XD 241⁄2

23 1100.0 2212.

10.20

XD 10 101

13% 13%

Telexbons

Cement

INDUSTRIALS

STORES, ETC.

There was some support on develop its announcement of Marshall Pinnways and electric power facili- to ties, Iranian and American ex- grants to foreign countries

How-perts had even agreed on e- American wheat. buy ever, this was not sufficient to Latled projects, but the Iranian balt the decline caused by Government has not ratified the liquidation stemming from be-agreement and nobody can say lief that some sort of stalemate when, if ever, Iran might act, might result in Korea.

iranian nationalists were be- lieved to hove scared the Iranian Government away from accepting the United States loan. May

$2.42 - $2.41% US, officials feel many legiala- July

$2.37 - $2.36% | tors who honestly favour credit Corn was 4-2 lower.

do not dare champion such a "e" to a foreign power at this Oats were 4-1% lower.

V1time lower to

Iman however, Rye was 3%

is, US. ald

aid that does not higher.

the to be repaid under Soybeans were unchanged to have

Wheat closed 2% to four cents

$2.38

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

AGENTS:

JEBSEN & CO.

Pedder Building

Tel. Nos. 26661-3.

March

three Press.

cepting

Ac

cents lower-Associated Point Four programme for Iran. American technicians using Point Four money are working

Oil Company

BENDLINE Shares Slump

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. 84165 & 88710.

S. A. C.

ONLY SAC OPERATES TO PENANG

Learing Hongkong

Every Tuesday

Overnight stop at Bangkok -

Arriving Penang

Every Wednesday

General Agerits:

SOUTH EAST ASIÁ TRADING CO., (SIAM) · LTD.

**69 Connaught Road, West.

Peninsula Hotel, Kowloon:

Booking Agents:

Tel: 24292

Tol: 56416

"AUW PIT ́SENG'S TRADING CO., LTD. 10, Peddor Street, Tel: 26733

* CHANG HUẤT HỒNG

340 Queen's Road, West, Tel: 36204

HARRIMAN REALTY CO., LTD.

FOR SALE AND TO LEF

In London

London, Mar. 15. Shares of Anglo-Iranian O ran into a new sellera' wave to- day when the Persian Parlia- ment voted unanimously to na- tionalise all oil projects in that country..

la three communities trying to turn them into model villages,

Irun is also accepting treo arms from

the United States-

Dairy

Diatry (N) Watson

1 Creword

COTTONS

Ewo

100 @ 30

JUMP IN

MALAYAN

TIN PRICE

Singapore, Mar. 10: The price of Malayan din jumped $12 today to Straits $579 per, pleul, of 133% pounds.

Brokers reported increasingly heavy demand for tin from all parts of the world although the UIS. is out of the market as′′e 3,70 8.00 400 5 buyer until prices drop to what

500

the Americans consider a rea- sonable level.

2.00

200 @ 221⁄2

Report On Australian

SCOP

Wool Sales

Sydney, Mar, 15.

Tin

price-

producers continued to

US. with depressing actions.

Rubber

prices rose with what! was described as heavy buying on Russian account via London. Opening sales brought Straits $2.12 per pound compared with Wednesday's Straits $3.08.--As- sociated Press,

LONDON MARKET

London, Mar 15. The tin market turded very bullish this morning. Turnover was 75 tons, including 5 tons for cash.

Prices closed today at the ènd af ikh official morning pes- álón, as follows:-

Spot tin, buyers

Spot tin, sellars

Three-

1,400

1.440

Business dono at

1,4

months tin, buyers

1,150

Taree

mantha tint" BeBers Wurmber dand

1.105

TÄ165 – 2116

1,420

-United ProEK.

A shipload of US.. tanks re- The price of wool in Australia bontly arrived in Iran and on-agala bit a new record highs in cials here say Iran is asking for February auctions, the National Settlement more weapons-United Press.

The Rubber

Markets

„Singapore,. Mar. 15. Prices of rubber, futures closed here today as follows: Number 1 rubber..

per ib. March April May

Council of Wool Selling Brokers reported. In February 388,024 bales, each weighing about 300

pounds, sold for a total of Cotton Goes

287,947,258 (Australian), about twice Australia's normal in- whole World War II.

ФОТО

yearm woel in a

Higher

Australia's wood cheque this

is Hikely Year in

to be

around

New York, Mar, 15. £650,000,000. To the end of

Cotton futures finished higher February

ary, wool sold brought

cestor start. £435,000,000, which is more today aftor an

than the total income in any Nearby July, through mill covering operations, paced the advance.

other....season,

At the Anish Anglo-Iranian were down slightly more than five shillings to £515 per share,

British Government own The B

200-210 The average price for greasy

Mr Perry Moore, President the com-

205-208 wool in February, 198.03 pence of the New York Exchange, said £11,250,000 worth of

Number rubber, March

204-205

pound, was the highest ever per pany-the controlling interest.

122-103 Number 3 rubber, March Elsewhere the market was Number 4 rubber, March

181-183 for any month. It compares to decision had been reached the Exchange au disposition 317-218 with 179.02 in January, 76.20 in active and irregular, with Bri-Spot rubber, unbaled tish Govermanent bonds and in-Black crepe.....

147-140 February, 1940, and 10.93 in of nearby March future con- No. 1 pale crop United Pres.

tracts if they are not com- 1939. Aociated dustrial issues slightly off. Cop-

pletely.

Liquidated within the LONDON MARKET

fime liraft currently set by the per and gold shares were firm.

Financial Times' Index: 119.9.

London, Mar. 15.

Exchange. -Associated Press.

Prices Prices of rubber futures closed here today as follows:-

follows: Number 1 rubber, in cente

Steadiness

In Textiles

I

Now, York, Mar. 15. The cotton textile market was steady today, with print cloths, shootings and broad- cloths selling in moderate third volume for accord and quarter were that the Government will per probably require 75 to 80

per ib.

April

April/Juma

July/September

October/December

220-230

0435-8538

57(1-38

54454

United Press.

NEW YORK MARKET

New York, Mar. 15.

February

Tentative. Agreement

+

Prices of rubber futures closed Halts Strike.

here today as follows:-

Spot, 61,00 cents-United Press

delivery. Reports Peking Trade

cent of the industry's duck pro- duction to be set aside for rated orders,

Planning

Boot

March (1582)

December

BRY

July

.closed

today

4.5

44,00 49.18

$10,17 19. nothins! 37.73 Bominal 20.30 norminal

-United Press. NEW ORLEANS MARKET New Orleans, Mar. 18. Cotton futures closed un- chafed to 2:10' a bale higher.

March May

Boston, Mar. 13. July

Management and Unlon October

15.30 pid 43.39 45.31-1A

40.06-08

reached, a tentative agreement December

Spot cotton closed unchanged.

-ssociated' Press.

a

today averting threatened adding strike of, some 18,000 cotton rayon were in the Full River-Now Bedford area at mid- night,

San Francisco, Mar. 15,

A spokesman said the saree- Peking Radio claimed tonight ment generally includes a 71⁄2

The wool goods market was that as the result of a nation- quiet, with merchants awaiting action by Washington pricing oMelais on ceilings.

The rayon goods market was dull. Prices continued casy Associated Press,

Bank Of England

Statement

London, Mar, 15. The Bank of England state ment for the wede ending Mar. 14 reads as follows:--

* Starting Notes in cléculation .... 1300,2 Public deposits

Private depo

invernment wecurition

Other securities

Receipts

Dank

New York Quo

per cent wage increase which

cent.

Bond

Market

New York, Mar, 155, Foreign dollar bonds were

*PTJIPANKS"

"ТУШЕВАЦ"

"BOISSEVAIN”

"STRAAT BOENDA”

*TEGELEREG”

ARRIVALS

Ih Port

„17IN MAY.

„22nd Mar,

.26th Mar.

7th Apr.

6th May

SAILINGS

20th Mar, 6th Apr.

Agents: HOLLAND EAST ASIA LINE

EUROPE vis MANILA

and MALAYA

"ALMKERK” "LANGLRESCOT

Through Es/L issued to Mediterranean and Northern -European Ports.

• JAPAN.. «ALMKERE”

"LANGLEESCOT""

+ via Manila,

ARRIVALS

SAILINGS

.21st Mar,

2nd week Apt. MAY

.MIA. Apr.

ARRIVALS

2nd week Apr.

MAY

SAILINGS 20th Mar, MIA, Apr.

„KINGS, BUILDINGE FELETBONES) 280L5EF0228017

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local products, the home market The Union had asked for 12 fractional. wide plan for the handling of management offered, yesterday, mixed, with thankes matly

Yokohama Bites lost throb Fan Aawing World Aroun, Dilk, In for this type of goods would be greatly expanded this year and, consequently, the income of mil-escalator clauze which will be declined 14 Amolated, Press.

A cost of living allowance points, and Copenhagen 4 ai Hons of peasants would be great" readjusted every three months ly increased.

and severance pay but no pen- The broadcast said that jute slon s lacluded in the agree-

the spokesman and md. tobacco, important raw

agreement calls fon materials for industrion, would

A

be bought throughout China, by two-year contract with a wage all State companion for local reopening at the end of a year. products while bean cake and A strike would have affected

Associated Press. other goods would be supplied 200,000 workers in the East by them,

Atroody, 84 barter contracts had been signed between the State and various areas, the 000 broadcast said-Reuter.

New York Sugar Futures

Now York, Mar. 15, etto" pugne, futures (10)-

"to five lower¦--

Exchange Rates

that

Businem- was done in the local doofficial. exchange market morning, at the following Sterling note: (par; 4). Vdə dolları (pw $3) Indonesia guilders Diamtical (per: 100) Singapore (Biralto) TIC plastres (per 100)

2 FLIGHTS WEEKLY

Sinise of New York, 17.3.1, with bubbed Mabil

LA CO OPERATIO WITH CAT NORTH

TAIPEH & TOKYO MONDAYS & FRIDAYS'

SOUTH to

-SINGAPOREvi» BANGKOK

COACH SERVICE at reduced hate

PACIFIC OVERSEAS AIRLINES SIAM

MINAULA HOTEL KOWLOON.

Toor) 9 Connaught