1951-03-28 — Page 7

MESSAGERIES V

THE CHINA MAIL, WEDNESDAY, MARCH 28

MARITIMES Slow Business

MOM

"GRANVILLE"

"FELIX ROUSSEL"

ARRIVALS

from Japan

from Marseilles

SAILINGS

PASSENGER/FREIGHT SERVICE

"FELIX KOUSSEL"- "LA MAKSEILLAISE” "LA MARSEILLAISE"

*MEINAM"

"GRANVILLE"

"CDT DORISE"

to Marseillos_vin Wanlig to Japan

30th Mar

4th Apr

sih Apr, 8th May

to Marseilles via Mavills 19th May

FREIGHT SERVICE

.N, Africa & Europe 29th Mar, .N. Africa ́& Europe 1st Apr. 8th May .N. Africa & Europe

for

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

CIE DES MESSAGERIES MARITIMES

Queen's Building

Tel. 26651 (Three Lines),

MAERSK LINE

FAST, FORTNIGHTLY SERVICE TO:

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

NEXT SAILINGS

"M.S. "HULDA MAERSK"

M.S.

"TREIN MAERSK”

M.S.

"PETER MAERSK❞

Mar. 31 Apr. 18 Apr. 29

* This vessel calls Vancouver prior to San Francisco.

ARRIVALS FROM U.S.A.

M.S. "LEXA MAERSK”

M.S. "SALLY MAERSK"

M.S. "CORONA"

Price Wall St.

On Longines Hemisphere

Control System Suggested By U.S.

Exchange

London, Mar. 27, Domesti stocks were pccasionally firmer in a mearer turnover following the Easter holiday on the London Stock Exchange Today

-some-

Rayons were assisted by the United Statce grant of sulphur to the United Kingdom and there was -baring-of-engineering stocks. Oila met further offerings but other com- modity shares were steady.

Times The Financial Index: 119.9. unchanged.--- Associated Press.

Grain Prices

In Chicago

Chicago, Mar. 27, Prices of grain futures closed here today as follows.——— Wheat-price per bushel

Spat

May

July

September

Threember

Corn

Spot

Max

July

September

December

ye

May

July

Clats

May

July

2.47 2.4734-2.48 3.4091-92

2.4024

2.5012

1.7033 1.70-1.70

1,2014- 1.70 -1.7011

1.70%

1.0024-7

1.80 -1.00

BST-7

Washington,-Mar.-27.

The United States and Mexico today asked the American Republics to agree to price controls on goods they sell among themselves.

An unprecedented programme was proposed in resolutions presented to an emergency meeting of the Foreign Ministers of the 21 Republics in the Western Hemisphere.

The U.S. Secretary of State, Mr Dean Acheson, in an address 10 the meeling, urged the Foreign Ministers to act quickly on, the military, economic and

beat political fronts to

the "mortal danger" of Communism, It was the greatest danger the Western world had over faced,

New York four-per 200 lb. sack,tral Banks of $13.20-United Press.

Seeds And Oils

raw

Newsprint Allocation Proposal

TO BE STUDIED BY COMMITTEE

Ottawa, Mar. 27. Canada has been invited to become a member of a

of

Rush Of R.PL.

Selling

-EARLIER GAINS

ERASED

New York, Mar. 27. A rush of selling near the close of the stock market today erased the principal part of early gains.

Prices closed thoroughly mlod, over a range running to more than a dollar a share in A number of Felther direction.

Individual issues resisted the late downturn and closed higher than

average.

these was American which Wes nearly US$5 higher at times, in con trast with the chemical group, which was unchanged to a few cents higher.

The volume of trading was an estimated 1,200,000 states.

•

ROYAL

INTEROCEAN.

SINGAPORE JAVA'

-PORTS and

MACASSAR

"TJIWANGI"

"TABDIAN" »

"VAN HEUTAZ”

ARRIVALS

1st Apr. 31st Mar,

.23th Apr,

only to Singapore, Fotiang & D. Deli.

*-**- noš-calling Blogspore,

MANILA, EAST '&

SOUTH AFRICA and

SOUTH AMERICA

"BOISSEVANŲ"

"STRAAT BOENDA”

"TEGELBERO”

LINES

SAİLİNGS

5th Apr, 3rd Apr

28th Apr.

ARRIVALS

In Part

SAILINGS

29th Mar,

** not proceeding to B.-Amerion.

• JAPAN

"STRAAT BOENDA"

TEGELBERG”

.......... 4th Apr.

ARRIVALS

7th Apr.

0th May

9th Apr.

8th May

SAILINGS

6th Apr.

Agents: HOLLAND EAST ASIA LINE

EUROPE via MANILA

and MALAYA

Some aircrafts, rails, steels and motora had beef flares of

without activity

generating enough buying interest to start "ALMKERK”

"LANGLEESCOT a real rally.

Good earnings reports helped "ARENDSKERK” things

along. Both Boeing and Republic Aviation showed, sharp-

Through Bs/L.

Lsued. to

Modlierranean and Northern

49

backlog

of the

year

а

reported

whole sold

ARRIVALS

In Port .18th Apr, ..18th May

SAILINGS

MIL. APT.

MIL MAY Mid. June,

SAILINGS 29th Mar,

ARRIVALS

Mid, Apr. Bid. May

24th Apr.

„Mid, June

26th May

ECKINGS BUILDINGSTELEPHONIST 9801" TO PERUT

The conference then broke, up Into committees to handlo detailed work aimed at streng- thening the. Hemisphere's defences in every way possible. The lengthy

States United

the resolution proposed that United States and Latin America go on record as promising to try to prevent inflation and help in suggested curbs on price fluctuations both manufac-

on

European Ports. sured goods and raw materials Special International Com-ly higher profits last o traded

mittee to study the needs compared with 1949. Boding said American among the

billion-dollar Repubiles.

carving up newsprint it had a

the

• JAPAN first of of orders Simultaneously, Mexico offer-production more equitably

Revere Cop

Copper was another "ALMKERK"+ ed a resolution

con-with a fine annual statement. It "LANGLEESCOT”+ that the Cen-among free world the American

out ahead of others in the ARENDSKERK" stood sumers,

Government to try

coppur 10 Republies

mining division although meet

source disclosed today. without much activity.

+ via ManŞİM, balance

of pricco materials and

Creation of the Committee in manufactured

American Woolien goods in Inter-American trade, Washington follows requests of record bigh unfilled orders New York, Mar. 27.

The Mexican and American the United Kingdom and France amounting to $217,000,000 with the seeds and oils Idens, if carried out. Prices in

would that newsprint be added to the the company as market here closed today un- changed with the following ex-can asking the Latin States to searce materials which may come ahead at 91 percent of capacity

keep down prices on raw ma under international allocation by to the end of this year. ceptions:-

sell to the the North Atlantic Treaty The curb market moved nar- higher. Advancing were Cassia Oll, per lb. F.O.B. terials which they

Powl

Gas "A" New York. 5.00 5.40.-United United States while the US. In Organisation.

of the world's newsprint Arkansas Natural return would be pledged to Most of the avold price rises on manufac-is produced by Canada,

Brown Rubber, Clinchfield Coal, од International informant sald some re-Imperial turd goods-United Press.

luctance to establish the Com-Safety Razor, Mesabi Iron, New mittee was shown by the United Mexico and Arizona Lead, St. States, which normally gels Lawrence Corporation, and Tilo

of Roofing. about 80 or 80 per cent. Canada's total output.

Dow Jones Averages: About 10 countries will be Stocks represented on the Committed, 20 Industrials which first of all will study 15 Railroads means to meet the heavy de 10 Utilities mands on newsprint by in- creasing production, and by the elimination of wastage. Then, finally, If Business on the Stock Ex-measures don't work, the Com change

during the morning mitten will study international totalted $304,859. Noon rates allocation.-Associated Press. were as follows:

Press.

Just Arrived:

Apr. 22

May 8

May 15

SUMMER

For Freights and Further Particulars please apply to: FLOWER SEEDS

AGENTS:

JEBSEN & CO.

Pedder Building

•

Tel. Nos. 26661-8.

FOR IMMEDIATE SOWING)

THE CLOVER FLOWER

SHOP

Gloucester Arcade.

DCS

Fly HIGH above the weather in a

The

four glant engir,ea of

the D.C.6 "Cloudmaster"

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and South America, (close

connections to all larger cities all over the world),

SCANDINAVIAN AIRLINES SYSTEM

“Agents THORESEN & CO. ETEN,

ZAPHS

HONGKONG SHARE MARKET

}

SHARES DUYERS SELLERS SALE.

ITK Bank. 1330

BANKS

INSURANCES

Canton

Tinton

Underwriters

HK Fire.** SHIPPING

Asia Nav

DOCKS, ETC.

K. Wharf XD

303 @ 1330

2245

250

140

3.20

135

70c

543 @ 10%

70

$20 000 0 *

N. 1. What Dock Provident 13.50

.. 11.75 3.00 Wheelock... 2015

Bhai Dock

LAND, ETC.

Production

Of Cotton

Declines

these

Washington, Mar. 27. The latest statistics, released by the International Cotton

00.30

240.74

80.48

42.73

—Associated Press.

TWO-SIDED

MARKET IN

COTTON

New York, Mar. 27. The cotton market became more of a two-sided affair to- day. Professional traders, play- Ing for a technical rally, ifted prices at the close but generally bulls remained on the defensive. Experts claim the market

EK Hotel KD 5.55 5.75 2000 25.00 Advistory Committee today, entitled to a technical read-

HK Land XD

Tra XD.. 1135

UTILITIES

Star Ferry

C. Light (0)

g•

C. Light (N) 3.40

Light (B) 0.00

--- Electric - XDD (7 2035

Telephone

| INDUSTRIALA

Cement XI

12 2000

show that world cotton pro-justment, Small upturns touched

renewed selling 1135duction is still expected to be off

The increagrings.

100 @ 11.70 about 4,000,000 bales less than creased hedge 1700 &

5000

1500

0.05 Statistical Bulletin sald

this

2300 @ 4.00

Tha

in 1940-50.

season's output

timate skidded

the Although

stimated at.7,250,000 bales, ceiling price also had parts Pot

+5 009

9.25

1016

Rope XD

STORES, ETC.

Dairy

12

13.

00011

13136

10 @

Doday (N) ..

Watson XI' . 10.50

L. Crawford 23 COTTONS

EWO ...

2.00

e cette

New York Sugar Futures

New York, Mar. 27. World sugar futures closed today unchanged to 1 higher, with sales totalling 40 contracts.

Contract No. 6 closed unchang

with sales cd to 1 higher, totalling 207 contracts.

Prices closed here today as follow-

and in-

favourablo Committee's quarterly tenor of the crop news was loo that much for the bulls, The drop was es in

the delivery below July Brazilian echological reaction.- Experts- 300,000 bales, that shippers and spot men. counted on old Russia's potential was revised chants who

to show world present 50 the

crop menthe timate is about the same assistently strong front may be

Inclined forecast The Committee said it, ap- against cotton previously

that

ried unheaded. most cotton

Walle

the countries are consuming

remained at a rate faster than importa- news

the previous

pears

more

а сол-

Dow

to

seli cak-

favourable crop

0 big

$:0

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: *.

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

The Rubber Rubber Man

Markets

Complains Of

Singapore, Mar. 27. Shackling

futures

Prices ai rubber tion of the commodity, ox obstacle to bulls, equally in closed here today as follows-

and tuential has been the Korean

ceptions Casado.

being Japan

United Press.

Cotton Textiles'

Heavy Tone

Merch Apri May

Washington, Mar 27, (£314-2345r A rubber manufacturer sald 210-211

today that his arm has a new

increase i 2005-20735

that could process

rubber production synthetic from 20 to 25 percent the government would underwrite

war news mi the slowdown in Number 1 rubber, per th. demand for light weight cotton

But fabrics.

some quarters Gaid the textile situation had Number 2 rubber, March 201-200

Number 3 rubber, March 1891-1901% Number rubber, March 1795-1801

-218 the 10-spot rubber, unsbalect 217

16334-153 230 245

been over-emphasised.

In the crop picture, cent heavy rains in the South- Biocic crepe west are expected to result in No. 1 pale crepented Press.

full-scale planting. In fact, and

private survey

estimated the

Texas-plantings this

year ot

acres. This would be

Prices of

LONDON MARKET

London, Mar. 27.

rubber

futures

It

William O'Nell, of the Gent❤ eral Tire and Rubber Company, bold

a Senate sub-committ the Reconstruction Finance that. Corporation, which handles the

000 above the Govern closed here today is follows:- synthetic-rubber programme,..!

of 11,644,000 acres ment's goal New York, Mar, 27.

with 7,053,000 compares Tho

cotton textile market and displayed a heavy tone today acros

rubber, ja

corts per lb.

July

planted In 1950, The Number 1 in the print cloth and broad- California plantings were esti-Mag 50 traded cloth divisions, Re-sale offerings mated up to 8.40 bid $30 540 bid

Contract No. 4 {world}]

May

5.48 bid

July

September

Spot

Contract No.

May

July

September

Spot.

051 bid 8.00 bid

acres Jug/September

were fairly extensive at 'dis- against the 2,580,000 goal October/Decembe

1,201,000 and last year's

counts compared with mill levels of but buyers did not show much planting of 583,000 neres,

The market opened off 8 to interest.

the to off 9 points. Prices closed to United Press The wool goods market was 16 points and closed unchanged

steady Dealers awaited issuance of new price control day as follows-13

Spot can-May regulations. Meanwhile, collations of pending surge, doth say orders by the Quartermaster October

December March (1052) The rayon goods, market, was my Bluggish Associated Press,

NEW YORK BANK

QUOTATIONS

New York, Mar. 27. Closing bank quotations

bid, asked Bank of America Chase National

National City Associated Pre

Pacific Far East Line, Ince Exchange Rates

SCO, LOS

Fast' Regular Trans-Pacific Service

OVĚKLAND'

NEW YORK-CHRIARD DEILON

MONTREAL AND ALLE ANZSICAN

· Artives ::

Poch

tibünfinete țipur: 21).

were noted.

Wool Rationing

*****Forecast

Springfield, Mass., Mar.

27.

Francis White, president of

Business was done in the local the American Woollen Campany, unomel exchange market this said today, that the time was morting at the following: TRÍCH:

16.05 fast approaching when alloca 1920tion of wool would be necemuiry. it the He made the prediction 1000 Company's 50th Annual stock-

holders meeting

1 dollarm

Indonada Tulides. (per

Bjan siente per 100)* Blogapore (Bienite) Vids plastres....(per | 1003)

Offers Not

18.00

He added, however, that his any would have endsigh

bal

Company

to, all bolf Civillan, and

noods, for this year.

4059

48.00 nomināl

40.00

40,726.

40.15

60,03: +60,04

"shackling" many such develops

0215-4335||ments.

0012-013% 678734 153-033

United Fresa.

NEW YORK MARKET

His firm's process would splva the rubber problem and might

production even increase

much as 40 percent within four months after it got underway.

O'Neil alleged that the C New York, Mar. 27. Is run on a "socialistic basis Rubber futures closed today and the United States rubber unchanged to 200 points lower, shortage could be solved b with sales of 2 contracts. March turning aynthetic production delivery was sold at 83 cents a cover to private industr

but.nt

pound, off 100 points,

United Freza,

the close the price was not and taking off the shackler," 20.85 nominal quoted. Open contracts in spot 30,45)

month at the start of trading United Press the

totalled dots. Business 'was NEW ORLEANS MARKET reported at a slow pace

Epot

starch" (1953)

May

July

U.S.

Closing rate Prices closed

March 27. follows:

Spoti

May

July

'45.30 bla

Consuming

More Wool

Washington, Mar.

BW Wool, Consumption in the

today.

03.00 bid

Pepper Trading

At Standstill

Buy Now Yark, Margrä New York spice: Hellocal la 63.00, bld any reported an aimport co

Press

plete ataichnetery (564) Depi trading. Busines remained at virtual standstill with

LONDON TIN udtallons vallabic strický

DOG MARKET

morning

ction United States retimbed-five few-PROLEUM). prpéens/durinal, Tanunty, the Coun

smeron Department reported: to-

(he month United

London, Maro 27....

tin closed here tos end of the official

4 nominal bars.

Dealers splatoo tion, as due