1951-03-21 — Page 7

Page

21

THE

CHINA "MAIL, WEDNESDAY, MARCH 21, 1951.

MESSAGERIES MARITIMES Budget Blues Little Prospect

MOM

**MEINAM”

ARRIVALS

from Japan

SAILINGS

PASSENGER/FREIGHT SERVICE

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

*MEINAM”

"GRANVILLE"

"CDT DORISE"

20th Mar.

to Marsellica via Manila. int Apr.

8th May to Japan

to Marseilles via Manila 19th May

FRÉIGHT BERVICE

.N. Afrios & Europe 27th Mar.

• • • • • • N.' Africa & Europe 30th Mar, ...N. Africa & Europe 28th Apr,

for

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

"DOCTEUR YERSIN”

........for Saigon ...... 21 Mar.

CIE DES MESSAGERIES MARITIMES Queen's Building

Tel. 26651 (Three Lines)

MAERSK LINE

FAST FORTNIGH TLY SERVICE TO:

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

NEXT SAILINGS

M.S.

LAURA MAERSK"

*M.S.

"HULDA MAERSK"

M.S. "TREIN MAERSK”

Mar. 21' Mar. 30

Apr. 14

*This vessel calls Vancouver prior to San Francisco.

ARRIVALS FROM U.S.A.

M.S. "LEXA MAERSK” ·

M.S.

M.S.

"SALLY MAERSK” "CORONA"

Apr. 22

May 8 May 15

||

In

London

Loudon, Mar. 29, British Government bonds rallied briskly on the Lon don Stock Exchange today. Issues most in demand rained up to bait a point.

Industrial shares

fored from tho Budget blues. The now national budget; due April 10, is expected to call for higher taxes and many industrials exsed.

Financial Times' Index: 119,7 Amoclated PrODE.

Drastic

Sulphur

Of Success At

Tin Conference

Washington, Mar. 20.

Consumer

Goods For RIL. Goods F

Russia

FROM EASTERN EUROPE

Officials were pessimistic today about the

Moscow, Mar. 20. In rapid succession the chances of the Washington tin talks producing-an organisation for the international allocation of Soviet Union has just con- cluded a new series of com- the world's tin production.

Representatives of Britain, the United States, marcial agreements sub- the Netherlands and Belgium held their third stantially stepping up trado with its Eastern European] Allies. meeting to day.

COTTON.

Shortage TURNING

1117

дп

to

STEADIER

de

The trade with Eastern Europe

They are attempting to agree on mensurca to regulate the world price of tin, to allocate has been varied, but the import of consumer goods seems to world production, and to set up

a committee for this purpose rank high in importance. Mos ilke the Standing Committees cow stores

want more

a

PRICE, AGREEMENT ESSENTIAL

here

today pola

and

ROYAL

INTEROCEAN

SINGAPORE JAVA PORTS and MACASSAR L“TJITJALENGKA" **

“VAN HEUT82′′ ▼ **TJIWANGI"

**TASMAN".

ARRIVALS

.sist Mar.

In Port

27th Biar.

29th Mar,

*only to Bingapore, Penang & B, Dell.

**

not calling Singapore,

MANILA, EAST & SOUTH AFRICA and SOUTH AMERICA **TJIPANAS"

TIBESAR **

"STRAAT BOENDA”

"BOISSEVAIN"

**TEGELBENG”

LINES

SAILINGS Bird.Mar.

Zlat Mar.

1st Apr.

8th Apr.

In

ARRIVALS

Port

SAILINGS

21st Mar.

Eith Biar.

27th Mar.

Bib Art.

4th Apr.

** not proceeding to B. America,

+ not calling Manlis.

JAPAN

"TJIBESAR"

"BOISSEVAIN”

"STRAAT SOENDA"

"TEGELBERG”

ARRIVALS

„22nd Mar.

.. 20th Mar.

7th Apr.

0th May

8th May

SAILINGS

8th Apr,

Agents: HOLLAND EAST ASIA LINE

" was announced FOR “ALMKERK”

Through Bs/L. Issued to Mediterranean and Northern European Porta.

now discussing in Washington stock large amounts of

Hungarian the world allocation of man- Czechoslovale ganese, cobalt and other scares textiles, for instance, which aro

with Soviet consumers, popular strategie materials

There are

many other can- It is still too early to say whe London, Mar, 20.

ther an agreement will or will sumer goods items, including not be reached eventually, but luxury goods, being imported Britain has decided

tho Easter European the prevalling view is that the from call for American help

New York, Mar. 20.

and de- requirements of the producer to meet approaching Alternate rallies

and consumer nations are very countries for sale in the stores which clines in

cotton far apart. стор new

A week ago a new Soviet- sulphur famine

The consumer

nations, Polish agreement was could dislocate industry futures over a range of $1.50 a

notably. bale ended with the market on

the

United States, nounced, providing for *K- and spread unemployment. a note of steadiness. Old crop

drastic steps for changes of goods on an increased A Board of Trade spokesman deliveries remained fastened to

⚫ EUROPE via MANILA the reduction of tin prices scale over the 1930 level. Last

and MALAYA A Soviet-Czechoslovak reported today that the nation's the ceiling of 45.39 cents

than are acceptable to the pro-

for trade chief, Mr Harold Wilson, pound with only limited deal-

those visit to Ings in May and July positions. ducer nations.

over and above in planning a flying

"LANGLEESCOT" a five- in the next fort-

for in 1951 Washington

Apart from the tightness in

by The producer nationa

feel year mutual trade night to discuss general econo- near months, traders saw littlo

agreement. A “ARENDSKERK" a Soviot-Bulgarian mle subjects-a fed which he in the news to influence prices.

day later, favourable

that the first thing to do is to Korean favour said would include the growing The

announced, 'providing and evidence of reach an agreement on a world pact was

increants over the 1950 trado shortage of vital raw materials velopments

Increasingly satisfactory rate price for un, and that tin al-

level. here.

Board of Trade-Mr of progress with soil prepara-locations cannot be made,

seeding, restrained machinery for them set up, un- and Wilson's Department is ready tions

buying, yet sellersul ülds has been done. lay

nationwide aggressive down a

There has recently rulphur ration plan if attempts were equally wary until March to go more supplies from the position goes off the

of a "buyers' strike" noon on Friday. United States fail,

States, At the start of trading, open United America provides more than

totalled suspended new in March 90.

8 percent of the world's sulphur contracts

bales down 64,500 cut It has

Hicely that other supplies.

showed

of evidence

more reasonable level,

in this series may exports to this country by a third shorts

of This action was taken by the agreements because of the stockpiling and growing uneasiness in view

coming soon. Apparently absence of

to United States because of charges be offerings rearmament.

Mr

producers the latter has been sat for sub- that tin them Sulphur is

most enable

the United stantial rises in the already im industries. It is used in rubbe; Ferry Moore, President of the were

prices. Exchange, States with exorbitant

menso exchange between Cotton

Eastern making,

the steel New York oil refining.

that

The producers' reply was that Soviet Union and its no deci Tayon production, said last week its batteries.

sions had been reached by the a higher price was necessary to European neighbours The

if they grade ores to meet the growing Conference (INC) in Washington are not completely

There rearmament.-Reuter. to allocate scarce raw materials, within the time limit.

further develop- Britain has asked many times has been no

10

The

in

an

the

Atlantle Allies recently by

For Freights and Further Particulars please apply to:-set up an International Materials

AGENTS:

JEBSEN & CO.

Pedder Building

Tel. Nos. 26661-8.

AMERICAN PRESIDENT LINES

The Globel Float

ST. GEORGE'S BLUG.

PHONE 28172/5.

S.S. PRESIDENT WILSON

will sail at NOON

on Saturday, March 24th.

for HONOLULU and SAN FRANCISCO

via Kobe and Yokohama.

Passengers are requested to board the vessel on Saturday, March 24, between 8 and 10 AM.

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 Thursday, March 22, and Friday, March 23, from 9 A.M. to noon and from 2 to 5 P.M.

B・O・A・C Brings

YOU THE LONG VAND THE SHORA

DEN

With three services per week by the fast direct route and two services per week by the leisurely route via Singapore and Colombo; B.O.A.C. now operates 5 ser- vices per week from Hong Kong to London. The utmost la comfort and B.O.A.C.'S traditionally attentive service ... yours when you fly by Argonaut! All arrangements can be easily made through

JARDINES AIRWAYS DEPT.

ja-10 Paddar Su Hàng

Peninsula Arcoda, Keileon'

on

or

been a

• JAPAN

An important agreement on trade exchange and payments

"LANGLEESCOT+ was signed with the People's "ALMKERK"† board at severe drop in tin orices because Democratic Republic of Ger-: "ARENDSKERK”+

(Communist East by the many which has many) on Sunday. It provides an increase in trade over stockpiling for

Spot month purchases until tin falls to a 1950,

TL

to cover.

March contra of enable the exploitation of low- xicly liquidated world demand for fin for

for more sulphur-so far without ment on that score since then. success.Associated Press.

The Census Bureau reported 1950

at 088,946 950 crop ginnings running bales against 159,000 in 1949. The market

Rubber

Markets

Inactive

with no

bales

opened then

up

1 to off 13 points,

it seesawed until late afternoon when Prices moved up irregularly to close 9 to 20

points higher.

Prices

follows:-

Spot

March

July

October

March (1952)

ענן

New York, Mar. 20. Rubber futures closed here December today 100 points higher to 100 May sales July lower, points reported. The recent reduction in Government buying ideas limited activity to a minimum in the spot markot.

today closed

1.3

49.05 nominal

HONGKONG SHARE MARKET

seems

Ger-

the

The Soviet Union is exporting raw materials, fuels and capital equipment to the East Euro- pean allies, who more and moroj have, oriented their trade to- ward Moscow, Associated Press,

Record Payroll In Steel

New York, Mar 20., Higher wage rates resulted in

of

a record monthly payroll US$245,294,000 in the iron and the steel industry in January, Ex-American Iron and Steel In-

stitute reported today.

The January payroll was up December US$10,000,000 over

Business on the Stock

the morning

Noon Tates

40.79 nominal | SHARES BUYERS BELLEES BALES and US$55,000,000 higher. than.]

45.30 bet

45.30 bid

45.29

41.00

41.12

40.06 nominal

change during totaled $300,405. were as follows:

BANKS

HK Bank XD 1300

Closing rate Merch 20.

East Asia

..

101

INSURANCES

44.01

2:00

45.30 bid

Union

900

20 700

44.45 -United Prem. NEW ORLEANS MARKET

Prices closed today as follows: Spot

Spot March

72.00

March

71.00 bid

May

$1.00 ht

July

01.00 bld.

LONDON MARKET

London, Mar. 20.

May July October

December March -United Presi

May July

(1952)

Prices of rubber futures closed)

hore today as follows:

Number rubber

in cents per ib.

April

April/Juno

July/September

October/December

6455-0315

5014-1

52-5215

United Preu.

SINGAPORE MARKET

Singapore, Mar, 20.

Prices of rubber futures closed here today as follows:- Number 1 rubber, por ib.

March April

May

Number 2 rubber,

Karch

45.39 bid

45.37 bid

41.80

41.00 - 41.10

40.93 bid

40.70 bid

40.30 bid

United Press.

Heavy Tone In

Textiles

New York, Mar. 20. The cotton Lexile market displayed a heavy tone, with of print cloths and 211-212 offerings 207-15-203-1 broadcloths in the re-sale mar 204--200-34

rallis Some increasing. kot

IS 201-201

were reported. to have offered goods for the second and third

dh 100-101

quarter without readily posing of all of the supplies.

The wool goods market was

centred quiet. Activity military orders. Celling certainties discouraged business in the civilian market. were Rayon goods

Number 3 rubbas,

Karch Number 4 rubber,

March

170-180

214-415

149-181

220-230

Spot rubber.Unbated Black crepe No. I pala crepe

-United Pres

Japan Exhausts Associated Press.

Cotton Quota

од un-

Cantor

444

Underwriters 3.10 HK Tire SILIPPING

Aala Nav

DOCKS, ETC.

K. Whart

135

70c

BO

N. P. What ——— 0.20

Dock

Provident

S'ha Dock

Wheelock

LAND, ETC.

12%

.. 11.00 12

2.75

.. 201

HK Hotel XD 3.30

Humphreys

UTILITIES

712

Tran XD 10.75 1114 C. Light (0) B.TB Electric XD 21 Telephone A INDUSTRIALS

Cement XD Rape X STORES, ETC.

Dairy ******* Daby (N) Watson XD COTTONS

10.20

2.65

in January the year before. 201320 Hourly payments

160 700 20097.50

00 @ 138

300 @ 20%

3000 8.30 1000 5.40 5000 5,50

3000 22

300 11

1500 @ 13

dull-New Wharf For

New York Sugar Futures

Now York, Mar. 20. World sugar futures closed today 1 to 3 lower, with sales totalling 80 contracts.

Auckland

Auckland, Mar, 20.

A £1,800,000 contract for the construction of a four-berth Import wharf was let by the Auckland Harbour Board today. Associated in the project are the Fletcher Construction Com- papy of Auckland, and Ray-. mond Concrete Pile Company and Merritt Chapman and Scott

The work is expected to be completed in 24" years—A$90- clated Presa.

Washington, Mar. 20. The Commerco Department announced today that Japan had exhausted its import quota of 1,863,000 bales of American cot- ton for the current crop year. Argiculture officials sald Japan

Contract No. 6 closed today could expect no new allocations until September when the Gov- unchanged to 2 lower, with ernment had the preliminary sales totailing 253 contracts,

Prices closed today, as fol-poration, both of the United

States. figures on the estimated new

Lows:- стор.

this year ex- Contract No. 4 (world) India carller hausted her quota of 200,000 bales of American cotton, Col- ten export licences for cotton exports during the past fort Contract No. night covered 5,500 bales, tho Department said. Licences dur- ing the last two weeks were issued for export of 20,079 balts to France and 12,727 bales to Germany, Licences for many, France and Japan ne- counted for about 85 per cent of the two-week total United

Press,

Japanese

May

September apot

May

July

Bpot

5,40 traded

1.40 Dia

3.40 traded 55.40

1.40 traded

B.00 bid

437 014

0.30

United Pres.

Pepper Easiness

Now York, Mar. 20. Easiness in spot supplies dominated the situation in

G-NEW YORK BANK black pepper. Nearby steamers!

QUOTATIONS

were quoted around 1.63. March shipment was quoted-at-1.63. April 1.52 and -May-1.81′′ R New York, Mar, 20. pound, all on an t-dock. basis, Closing bank quotations. One source reported that some bid, asked business was done,for May 23 shipment at between 149 *. 4141.60. United Press,

Bonds' Bank of America 2014

Strength

1

Chase, National 80% National City: .. 48802

***Associated Press.

Exchanges. In

New York, Marə 20. Among alrong spots on the foreign dollar bond ist today were Japan 6s, while Oriental Developments and Sixes Holland.

among sho

Closing faroi

stumblers. Bwitzer Strainot Others

NY

Exchange Rates

averaged US$1.93

to

workers an increase

of 21 cents from January, 1950, -Associated Press.

NOTICE TO CONSIGNEES

Consignee DOT

.. "BENVOULICI"

are hereby notifed that their cargo being discharged into the Hang- kond & Kowloon Whart & Godown Cơe-godowe, where it will be at subject to ad Cocagnees Thak the What's terms and condition of storage, and where delivery may be obtaked.

Damaged packages are to be left in the dodowns for examination by Consignees and the Company's sUT- veyors.

Carmichae And Clarke, at 10 am, on 22nd March. 1951.

то

comply with the General RegulationAL, Bonded

Warehouse Consignees must have a Revenue Officer is attendance when damaged dutiable goods are exarsided,

No daime will be admfited after the goods bave left the steamer's godowns, and all goods remaining undelivered after Zird March, 1851, will be subject to rent.

All clečina studnet the steamer must be presented to the under signed on or before 8th April, 1951, or they will not be recognised.

No Fire Insurance will be effected.

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

Agente,

Hem Line Sloemers, Ltd.

Hongkong, 17th March, 1981,

NOTICE TO CONSIGNEES

M/V *AGAPENOD"

·Pattaged cargo ex this vezeni will be surveyed at Holt's Wharf be- tween 10 am, and Noon on Maren

12 and 24, 1951, and consignors aru requested to have thigh repTORAL- tv prosent during the survey.

BUTTERFIELD &' SWIEX,

hyouts."

Hongkong, Marcis 30, 1001,

:

ARRIVALS

.23rd Mar. .18th Apr. 18th May

ARRIVALS

SAILINGS

Mid. Apr. Mid. May

Mid. Juno.

Mid, Apr. Mid. May

SAILINGS 27th Mar

24th Apr.

.Mid. June

24th May

↑ via Manils. TEEKING'S MAILBINGETETEPRONESEKZIO: 28017.

SALT HINT MAAREN ISCELL COSNARER LURADOZBIE119, 2BA

BEN LINE

FAST SERVICE TO UNITED KINGDOM

AND CONTINENT BY

S.S. "BENVORLICH"

LOADING HONGKONG 22nd MARCH

FOR

LIVERPOOL & ROTTERDAM

VLA

KOHSICHANG, STRAITS, COLOMBO, ADEN,

PORT SUDAN & PORT SAID.

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

York Building.

Tel. 84165 & 88710.

S. A. C.

Every TUESDAY is SAC DAY to BANGKOK and DIRECT FLIGHT to RANGOON.

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

For full particulars, please apply: General Agents:

Tel: 24292

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

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

Booking Agents:

Tel: 56416

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

340 Queen's Road, West, Tel: 36204

Pacific Far East Line, Inc.

HOME

DILECT

SAN FRANCISCO, LOB ANGELES

Fast Regular Trans-Pacific Service

OVERLAND

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

Fram

ATTITES

g

"CALIFORNIA. KHAN”.

Buna, Francisco

· Mar, 20.

MS. In

2- Ikasloeng we done in the local

Herling note (ver

Indonesia aulikara i per 10))

Bingapore *- (USERISH)

#50 plastrow (pty 300)

Straits.

ott Genera Aguni, Uzlož

Dan French

San Franciaga

Yok