1951-03-22 — Page 7

Page

THE CHINA MAIL, THURSDAY, MARCH 22, 1951.

MESSAGERIES MARITIMES Peking Wants Empire Preference Buying Spirit

MOM

**MEINAM*** ***GRANVILLE"

"ARRIVALS

from Jabin

from Jápia

SAILINGS

PASSENGER/FREIGHT SERVICE

"FELIX ROESSEL" "LA MARSEILLAISE" "LA MARSEILLAISE"

27th Mar.

29th Mar,

to Marselles via Mañita 1st Apr.

8th May to Japan

to Marseilles via Mauila 10th May

FREIGHT SERVICE

"MEINAM"

"GRANVILLE"

"CDT DORISE”

.N. Atria & Europe 28th Mar, -N. Africa & Europe 30th Mar, ...N. Africa Europe 28th Apr. for

PORT SAID, TUNIS, MARSEILLES, ALGIERS, OŽAN,

TANGIER, CASABLANCA, HAVRE,

ANTWERP & ROTTERDAM.

DUNKIRK,

CIE DES MESSAGERIES MARITIMES

Queen's Building

Tel. 26651 (Throo Lines)

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

NEW YORK, DOSTON, DALTIMORE & PHILADELPHIA, vis SAN FRANCISCO, LOB ANGELES AND PANAMA

NEXT SAILINGS

M.S. "LAURA MAERSK"

*M.S.

"HULDA MAERSK”

M.S. "TREIN MAERSK”

In Port Mar. 80 Apr. 14

• This vessel calls Vancouver prior to San Francisco..

ARRIVALS FROM U.S.A.

M.S. "LEXA MAERSK"

M.S. "SALLY MAERSK"

M.S. "CORONA"

Barter Plan

Tokyo,,Mai 21.

The Jiji. Press,usid that trade circles here had received a cable suggesting that Communist China want to harter 40,000 to 50,000 tons of Manchailan coking coal for Japanese galvanised sheet iron and other goods. Other items which Red Chiria wants in- viro clude plate steel, materials and pipes, Jiji Press said,

China is sa to be willing to difer trod ore, soya beang, kid walt if the coal barter'la wildoessful.

COTTON

MARKETS

STAGNANT

Reduction Plans

To Be Attacked

Returns To RL.

Wall Street

New York. Hie 21, The buying spirit zölurába to the stock market today but it wall not very impelliz.

Prices ran

up to more than 1 share among two dollars lenders, and Joses were stricted between ,one-half to

(FROM OUR OWN CORRESPONDENT)

London, Mar. 21. An attack designed to counter the proposals for reducing Empire Preference is to be launched in Torquay, current home of the trade and tariffa tle more than pho talks, on March 80.

Organisers are the Empire Industries Ass0 clation and the British Empire League, who last year assisted the colonial sugar producers in their attempts to secure new contracts with the British Government.

A mass rally has been planned and a resolution denouncing_any attempt to reduce Empire Pre- ferences an an attack on the Empire economy will be put forward

Balfour by Lord

of newly- Inchyre,

the He elected Chairman of the Empire Industries Association

producers.

Now, York, Mar. 21.

Mr Alan Lennox - Boyd, Cotton futures trading today

Chairman

of the Conservative ebbed to the alowest pace since

Party

Imperial Affairs Com- the market reopened 12 days ago. Pending the expiration of mittee, is another who will be trading in current March dell-speaking on behalf of Empire very at noon on Friday, traders

believe the best way of paid little more than routine interest to the crop news and progress for all of us lies along the lines of Empire develop- other developments.

he told me today. Alf old crop

months hold ment,"

"We decided the best place to 45.39, the cefling price. Now crop months backed and filled press this point of view was Torquay, where trade and tariff within a range of 15 points,

been

taking conferences have responding to cmall orders either

place,"

way.

The Empire Industries Asso- clation are hopeful that the delegates to the Torquay talks will attend their rally and listen to their call for strong Empire

Reports of price resistance. In the cotton goods market encouraged somb scattered sell- ing by local professionals at the start but they moved back to les. cover again toward the close. Some technicians felt the setback in later positions due more 10 the lack of buying interest than any concentrated sellings.

The

Bureau reported Census that domèstle

Consumption

of

Feb. 19-23 totalled 894,002 bales. The trade

Apr. 22

raw cotton

May 8

had expected

May 16

For Freights and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Pedder Building

Clothing Prices To Increase

Max

New York, Mar, 21,

Unell Song & Co.,

Digure

around

U.S. LABOUR

LEADERS

910,000 bales. The market IN ARMS

lower and closed 8 to 10 points lower. Prices closed today as follows: 46,05 nomrel

unchanged to 11 points

Spot March May July

40.39 bid

48.39 bid

45.30 bid

October

41.78

December

Tel. Noa, 26661-3.

March (1002) May July

41,04 - 31.05 40,90

Steel King's Formula For Enterprise

The

nationally - known clothing Succi

manufacturers, said today

CAR

price

New York, Mar. 21. head of United States belloves all enterprise belong directly to the

that should people.

Mr Irving S. Olds, chair- man of the board of U.S. Steel, writing in "The Exchange,"

of the New magazine

a further rise In the retail

be definitely expected. The company said in 171 open letter to

retailers: to 5,000 "Since retail prices have lagged considerably behind the wholesale price Increase, WO

can

York

definitely expect a further Stack Exchange, said: rise in the retail price Jevel with the Introduction of new "I believe that all enter purchases and the establishment prise should belong directly to of prices on them.

"This is doubly true because the people, and I hope the day

40.74 normirat

40.29

-United Premi

NEW ORLEANS MARKET

Spot March May

July

October

December

Merch (1952)

May

July

Closing rate

March 21.

44.91

493 bid

$5,87

41.74

41,01

40,03

$29.03

United Prem.

the

HONGKONG

SHARE

MARKET

Business on

the Stock Ex- the morning change during totalled $133,480, Noon rates were as follows: SHARES BUYERS SELLERS BALES BANKS

40 @ 1320

HK Bank XD 1370 INSURANCES

Canton........... Union Underwriters

SHIPPING

Aan Nay. DOCKS, ETC.

K. Whart

201

500 zda

N. PL. Whart

5.20

Dock

131%

Provident

1100

Shai Dook

2.16

Wheelock ... 2014

800 @ 2134

HK Hotel XD 5.50

735

LAND, ETC.

Humphroye

UTILITIES

Tram D

to

dollar

سم

ROYAL

INTEROCEAN

LINES

• SINGAPORE JAVA PORTS. and

MACASSAR

**TIITJALENGKA****

"TJIWANGI"

"TASMAN" *

d

•

**

share. Gainer were impressive when considered against the the past two days, net losses of but

the volume of budners was

held down sharply. Trans- fers were 1,310,000 shares, and Buying spread, to rails,

Airlines headed, the advance,

motors and some olls,

Among gainers were Ameri- can Airlines, Sinclair Oil, United Atrlines, Capital Airlines,

Zenith Radio, Dow Chemical, Sonta Fo and Consolidated Copper Mines,

Dow Jones averages:

ARRIVALS

In Port .27th Mar,

.29th Mar,

only to Singapore, Petang & B. Dell.

not mailing Singapore, MANILA, EAST & SOUTH AFRICA and SOUTH AMERICA "EJIPANAS **TJIBESAR" ** ↑ “BOISSEVAIN” "STRAAT SOENDA” "TEGELBERG"

RA

SAILINGS

Bård Mar. 1st Apr.

6th Apr.

SAILINGS

ARRIVALS

In Port..

22nd Mar. 24th Mar.

In Port

4th Apr.

not proceeding to B. America.

+ not calling Matilla.

* JAPAN

Stocks

02.20

“BOISSÉVAIN”

20 Industrials

249.37

"STRAAT BOENDA”

15 Ralls

82.30

"TEGELBERG"

42.00

----Associated Press,

10 Utilities

Liquidation

In Rubber

Futures

New York, Mar. 21,

in the rubber Liquidation futures market proceeded with 8, lots traded in March delivery. At the close, prices ruled 400 to 700 points higher. March dell- cents 2006.46 very was sold higher at 78 a pound, up 700

pointa overnight and within 8 conts a pound of'

celling price. .P.S. Open contracts in March at the start of trading totalled 37 lots, Dealings in spot month will expire at noon on March 28, 500 a 101: The outstanding contracts in May

and July futures must be qui

the dated under

Government order at the close of business on

Light to 1.115.500 11 the 0.1

C. Light (Bogus)

4.30

10.23

..£115

INDUSTRIALS Cament XD Rope XD

STORES, ETC,

Dairy Dairy (N) ..

Watson Xo,

Washington, Mar. 22. Labour union leaders today denounced

Government's price controls as a fraud, and, demanded top policy posts for COTTONS Inbour in the defence mobilša tion

programme.

They urged the "plain people"

Ewro

2000

0.00

13 1234 500 1124 March 30.

ARRIVALS

27th Mar,

7th Apr.

6th May

›28th Mar,

5th Apr. 8th May

SAILINGS

6th Apr.

Agents: HOLLAND EAST ASIA LINE

• EUROPE VIÐ MÁNILA

and MALAYA

"ALMKERK"

"LANGLEESCOT"

"ARENDSKERK”

Throdih B/L famed to Mediterranein and Northern European Porta.

⚫ JAPAN

"ALMKERK"4 "LANGLEESCOT "ARENDSKERK"+"

+ via Manjia,

ARRIVALS

23rd Mar. 18th Apr.

18th May

ARRIVALS

SAILINGS

Mid. Apr. MIL May Mid. June.

SAILINGS

.Mid. Apr. Mid, -May Mid. June

27th Mar. 24th Apr.

24th May

BEKING'S BUILDING (TÜELPHONES;", "PRAESTIO "PROIZ

AHARED AGENTS, BEZEROSSALEHE, HOA CHINIMESEMA

AMERICAN PRESIDENT LINES

The Globel fleetse

2001

000 12.

Prices closed today as follows:

30

Spol

74.00

ST. GEORGE'S BLDG,

1,00

March

18.00 traded

May

July

Of

to back their campaign to get Extension

the programme out of the hands of "Wall Street," where they said it had been lodged.

Labour's criileism of mobilisa-Pact

tion and

control policies voiced at a mass meeting of the! American Federation of Labour, Congress of Industrial Organisa tos and Rail Union officials. The AFL president, William Green, and the Secretary-Treasurer, 4028 bid George Meany, prefaced their speeches with appeals for labour unity,

They got no reaction from the Faro

president, Philip Murray, and the CIO secretary, but Water Heather, president of the CIO United Auto Workers, sald the call was significant" because it might unite the labour moves

U.S. Market

Holidays

New York, Mar. 217 The New York Stock and Curb exchanges will be closed on Good Friday, March 23, as will

other stock marketa throughout the Business will be resumed a.s

ment

Group's

Scope Urged

London, Mar. 21,

SINGAPORE

05,00 bid

09.00 bid

United Press. MARKET

Singapore, Mar. 21.

Prices of rubber futures closed here today as follows: Number 1 rubber, per lb.

March

April

· May

214-215 21055-21136 207-2003 Number 2 rubber, March 204-200 Number 3 rubber, March 192-104 Number rubber, March 187-102 Spot rubber, unbaled.. 217-319 Black crepa No. I pole crepe

15337-155 230-130 ---United Press. LONDON MARKET

London, Mar, 21.

Mr Anthony Eden, the deputy Opposition leader, urged the Government today to ensuro

Prices of rubber futures closed that the Atlantic Pact. Standing here today as follows: Group in Washington covered Number 1 rubbar in cents the whole world and 10t

per 15. MAY only the Atlantic.

July:

The Corbind Chiefs of Staff did this in the last war, ho told the House of Commons.

The

Mr

Murray and Green said all

Defence Minister, workers should be concerned Emanuel Shinwell, replied that with labour's grievances against the Combined Chiefs of Staff mobilisation officials. United consisted of British and Ameri- Prass.

con representatives only, whereas the Standing Group organisation was designed to cover a larger number of coun- tries.

United States. Commercial

further wholesale price increases will come when every Amert-usual the following day, Satur- cannot be avoided.

con family will purchase day. March 24. ex-share of American Industry, however amall or large that share may be.

The letter said that the tent to which prices are held in line will depend primarily on the tightness of the price re- gulation to be written for manu- facturers-Associated Press.

Pepper Prices Harden

Interest Rate

Increased

New York and New Orleans cotton markets will remain opon both on Good Friday and the following day. The reason for "That, to me, is true public this action la to provide ample ownership, and I favour it just time to liquidate open positions ardently as I oppose Govern- in the March, 1031 contract, as

New York, Mar. 21. ment ownership. Yet no one the last grading day for the

Commercial paper interest tells you that the two are the spot month will be March 23, rates were increased one-eighth same. They are as far apart as Good Friday,

of a percentage point today. the poles.

commodity Other principal

The new rates are two per maricets will close on Good cent to two and one-fourth per "Today, American enterprise Friday.

cent They had been one and New York, Mar. 21.

does belong to the American The London and Canadian severi-eighths per vent to two Domestic pepper prices people to the people who have Stock Exchanges will be closed and one-eighth per cent to hardened in company

but it with their savings.

I from

Thursday night through where they had moved in Jan- higher Indian cables, The know of no other nation the Monday, March 20. The Win-uary from the December level firmness in the primary market world where such vast Indus-nipeg Grain Exchange will close of one and Ave-eighths per cent was associated with uncer trial resources as ours are on Good Friday, but will be to one and three-fourth per tainty in the Indonesian poll-owned and controlled so exten-open on Saturday, March 24.- cent. tical situation.

sively, and so directly, by the Associated Press. Local dealers quoted spot sup- public."-Associated Press. plies at between $1.57--1.60. Nearby steamers quoted

with

were also at between 1.57–1.88 and

later steamers on parity with

March shipment at 1.50 a pound. Slow Trade

April shipment were indicated at

1.55 and May at between 1.53

1.54

a pound, on an ex-dock basis-United Press.

In

Textiles

WHE

I might well be that the Don would have to be

stlil further.

July/September October/December

版

81-0111

6 United Press.

Grain Prices

In Chicago

Chicago,.Mar. 21,

Prices of grain futures closed "But here today as follows:- for the moment we are anxious Wheat-price per bushel. to streamline the

existing Spot .....

May July

September

organization and mike it March thoroughly effective," he said.— Reuter.

Peking Turns Out Lethal Weapons

December

Согд

2.44.

24632-240

ZAL

2.4534

Spot March Moo July September December

12035

1.7812

Rya

May

1.03-1.0234

Ful.

Gata

March

May

New York flour-ber 200 B). mačic $13.10-United Press.

Less Building In America

PHONE 28172/5.

S.S. PRESIDENT WILSON

will sail at MIDNIGHT

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 P.M..

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 28, from 9 A.M. to noon and from

2 to 6 P.M.

SAS

D. C. 6

SERVICE

The increase follows a recenti

Koren, Mar. 21. boost of one-eighth per cent in Chinese Communist muni- bankers acceptance notes and tons, factories are 'producing sil- the establishment of a free mar-most exact copies of some of ket in Government securities the world's most efficient auto-

New York, Mar. 21.

EVERY FRIDAY to Karachi, Lydda, Rome, Zurich, Dollar volume of building with the withdrawal of thematic weapons, including Bren Federal Reserve Board from guns, Thompson sub-machine-

215 U.S.

Frankfurt, Copenhagen, Oslo, Stockholm and New York. * | permits in

cities in Government bond support guns and American Mark-III

February fell below the level BAS SERVES 16 European Countries and N. & 3. América. buying.

45-calibro sub - machineguns

known as "grease of the corresponding month a

Agents: THORESEN & CO. LTD. Tel: 31241/2/8. Commercial

in the commonly.. парет

year earlier for the first time

street reported lending market for unsecured loans made to leading business cently surprised and wiped out

a Chinese Communist baitalion soclated Prose. near Hongchon captured a

a houl

The tia market was fairly technical term in the moneyBouth Korean troops who re-in 18 months, Dun and Brad-

TIN MARKET STEADINESS

London, Mar. 21, Now York, Mar. 21.

textile market steady at the morning cession, The cotton was 'slow today. Offerings,

Turnover was 130 tons, including Formosan Rice particularly in the remie mar-

15 tons for spot, ket, increased and met buyar Prices closed today at the end resistance in the lighter-weight of the official morning cession sa

follows:- constructions of print cloths, spot sin. buyers Spot tin, mellers

Tradic

For Japan

Tokyo, Mar. 21.

1,500 1.310

1,300-1,200

firma—Associated Press,

Coppor Import Duty To Be Suspended

of

An

ordnance officer

who inspected her arms, today

ropican

Tho wool goods market was Busina dona at The Ministry of International firm. Bidding on current miil Three-mantha tin, buyers 1,190 and Industry today al-tary Inquiries for goods was be- Three-months un, sellers 1:195 located on import quota of 30,- leved to be brisk. The civilian Business dqne #1 * 1500-1190 The US. House of Repre- He said: "They have been

tons at

Formoran rice, market was dull. Rayon goods Bettin valued at $4,900,000.

*900

were featureless, –– Associated

Import- cireles bellove that Press.

anly 27,000 one can be import- ed bechitas of the risings price, now estimated at. $155 per ton, C.1.7%---United Press.

Exchangos In NY

New York, Mar. 21. Closing, foreign' exchange: Canada

05.60

*** Asso-

Switzerland S

Others. Anežangod..

-elatod Premi,'

Winnipeg Wheat...

| New York, Mar, 21:

SALE OF SHIPS PREVENTED

-United Prem.

or

New York Sugar ext April 1 to Feb, 16, 1685. to Copy"

Market

Isaid that they were almost per- fect copios and would be nearly as effetent on Washington, Mar. 21.

*their originals.

Means turned out in the last you sentatives Ways and Committee. today approved BO and would say that the, unanimously a bill to suspend nese have chosen just about the copper import duty from the most lethal, bet at, weapons

With the thab

the machineguns mesure provides

Koreans also the

found tax may be reimposed if South the domestic price of copper several boxes of Chinese-made should drop below 24 conta

Upí-until^^, now 1210 a ballots pound Associated Press.

Chinese," troops hava: tmed: for... eign ammunition almost 'ex- clusively-Router,

New York, Mar. 21. Domestic sugar futures · No. Wellington, Mar. 21.

Six closed unchanged, to three Primo Minister Bidney Hol-

higher. | land said last night his Govern-

Miny

0,40 bide ment had intervened to pre July

0.02 vent sale of any, ships, in bor-..

0.00 bours here to the Chinaos Com2 ||

sugar futures No. clared unchanged to two

Ho sald that emergency ghore

powers to revoko sald or transfer May of Malph of New Zealand registry.

July Winnipeg whost: was quoted | were necessary in view of the September

·5,50. 20,00

The

NEW YORK BANK QUOTATIONS

New York, Mar. 21: Closing bank quotations Bank of America: 26-74 bid, 28-%-naked-

Chase Nationat, 28441⁄2 blá, 11971 pakod.

11161/1 United International, situation, Am Haw, sugar spot: 1,65 nominal. |--National – Citr: 40-25

soclated Prod.

Exchange Rates

une done in the loos ynofficial socham morning at the following Infos tomate Sterling, note ((per:(41) 201 tisk; dollar per $155 “Indonesia, quidam (pre) (0)

today--ha-

SCANDINAVIAN AIRLINES SYSTEM

FLIGHTS WEEKLY

1 ARE T

FLIGHTS TO TAIPEH & TOKYO TEMPORARILY SUSPENDED

SOUTH to

INGAPORE vis. BANGKOK

USUMBAYAN

COACH SERVICE 6 beduc

PACIFIC OVERSEAS AIRLINES SIAM

PENINSULA HOTEL, KOWLOON, PHONE `SSESS,