1951-03-29 — Page 7

MESSAGERIES MARITIMES

M

**GRANVILLE"

"FELIX ROUSSEL"

ARRIVALS

from Japan

from Marseilles

SAILINGS

M

-PASSENGER/FREIGHT SERVICE

"FELIX' ROUBSEL“ "LA MARSEILLAISE” "LA MARSEILLAISE"

"GRANVILLE"

- "MEINAM”

"CDT DORISE”

31st Mar..

4th Apr,

Lo Marseilles vla Manliä ~5th Apr, to Japan

Bih May to Marseilles via Manila 19th May

FREIGHT SERVICE

N. Africa & Europe 20th Mar. N, Africa & Europe 1st Apr. ..N. Africa & Europe 8th May for

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

CIE DES MESSAGERIES MARITIMES

Queen's Building

Tel. 26651 (Three Lines)

THE CHINA MAIL, THURSDAY, MARCH 29, 1951.

-

Holland Asks INTERNATIONAL TIN TALKS

Dollar Aid

The Hague, Mar. 28. Holland today

for American dollar ald to finance her switch from elvil to milliary produc ifan-and-to help-civil-pro- duolion.

talks

Dutch-American have begun here concern. ing what will be the effect In The Netherlands at the end of. Marshall Plan ald,

Dutch submitted a The plan for selling part of Holland's antic

t's military produs." to

Pack partners agalusi dollar payment, and for purchas- ing raw materials, against payment in soft currencies, --Associated Press.

tton

HONGKONG SHARE MARKET

Business OD

during the change toinlled $240,000. Noon were as follows:

BANKS

I

NOT EXPECTED TO RESULT R.J.L.

IN AGREEMENT

Official

Washington, Mar. 28. sources stated today that, the Washington tin talks were expected to break up: tonight without producing any agreement for the international control of the price and allocation of this strategically important metal.

They sild that unleas last-minute agreement Was reached at meetings being held throughout the day the repro- sentatives of the producer and

involved consumer nations the United States, Britain, Bel- the Netherlands and In- Would be only able to report to their Governments a summary of the positions which they

have cach separately taken,

U.S. Social

Wall St. Takes A

Pounding

New York, Mar. 28. Prices gave way today in the stock market under]

Social moderately heavy selling.

Security Collections

| A faint rally was cut short}

by the close.

Extreme losses went to around three dollain a staré, and one- and two-dollar ethicks were frequent, among, the leaders,

Washington, Mar. 28, A fund of more than $7,160,- | the.

for

sild

payment of un- NE PORN REDEW

Hallroddy took the Worst pounding. Steele and ralls suf- fered as well.

Brokerage houses took note of It had been hoped when the conference opened on March 14

Brst, broadcast by that. a

had preliminary agreement 000,000

reached he

looking employment benefits has been conferred soc

secretly with top might

the Social United Nations commandere near towards a scheme for the in-built up under the Stock Externational allocation of tin Security programme since its the front in Korea and also had

In start

Government a private talk with the American 1030. morning between the nations of the free

rates work

Ambassador to South Korea. id today. Officials said that the major/aking into account more than!

As one house explained, such Д development had to be con- SNARES DUYERS BELLERS SALES/ stumbling block had been the| 5035,000,000 in a charp fund for

refusal of the United States, railroad workers, Treasury realdered a factor in Wall Street chie! consuming nation, to cords showed, there was op nervousness over the possibility

a basic world price

proximately $7,800,000,000 avali agree to

Д quick end to the Korean the pro-able at the start of this month

fighting. for in proposed by 00 @ 700ducer raons.

In help cushion the shock of job The producer nations

were loss for

American workers. That amount represents the New York Central, Union Pack- themselves agreed on a price

necumulated which they regarded as reason-

of un-fle, American Telephone, U.S. CXC059 able but the United States re-

employment

compensation

Studebaker, or garded this as too high.

tax collect

collections over actual

bay- There had been hope at one

benefits dur ments of

nn one of the talks time

In the Course DI that

an interim agreement lasting 1500 5.00 for one year only might have been reached but the differences between producer an

and consumer uns proved too great even

BK Bank

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO;

NEW YORK, BOSTON, BALTIMORE & PHILADELPIHA, via SAN FRANCISCO, LOS ANGELES AND PANAMA.

NEXT SAILINGS

N. Pt. Wharf

Duck • 135

S'hai Dock

"M.S. "HULDA MAERSK"

M.S. "TREIN MAERSK"

M.S.

300 11.70

nations 200 12

East Asis

1350 101

INSURANCES

Union .. Underwriters 320

700

SHIPPING

Anta Nav, ..

750

DOCKS, ETC.

K. Wharf XD

70

5000 5

Provident. 113

2.00

Wheelock...

23

LAND, ETC.

IIK Hotel XD 5.0

S'hal Land ..

1,33

UTILITIES

Mar. 31

Tram... 112

Apr. 18

Star Ferry..

Apr. 29

Electric ... 2214

1000 @ B Light (N) 3.40 3.30 € (3) 3.00

4000 5.00 1000 a 670 24 1100 @ 2214

1500 0.23 200

600 @ 23

Apr. 22

May 8

Telephone 015 INDUSTRIALS

Cement

10%

May 15

1000 11.

200 11,

Rope

12

STORES, ETC.

Dairy ..... 1315

Dairy (New) 1235

400 13

"PETER MAERSK"

* This vessel calls Vancouver prior to San Francisco.

ARRIVALS FROM U.S.A.

M.S. "LEXA MAERSK"

M.S.

"SALLY MAERSK"

M.S. "CORONA”

-For Freights and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Pedder Building

Tel. Nos. 26661-8.

C. Light (0) 5.00 4.15 3000 @ 60 for this to be possible.

Watson XD 102 1. Crawford 2312 COTTONS

Ewo

124 @ 10% DOG 10%

13. 1000 or 121

1600 a 13 500 12

@ 12%%%

2.80 200 @ 2.00

in

It was not expected that the tin talks would be resumed in the near future. The next step would be for the governments of the producer nations to make direct representations at a high level to the

United States the supply Government about of their tin to the United States.

-Reuter.

FAMINE

MENACE

IN INDIA

New Delhi, Mar. 28,

conditions exist

approximately 15-year

It is the total of assets

of

Stocks on the down alde in- cluded Santa Fe, Nickel Plate,

Chrysler,

Zenith Radio, Ken- International

ng, Douglas Aircraft, United Aircraft, necott Capper Nickel, American Cynnamid, Alfled Ciemnient, Union Carbide, American Can, Westinghouse Electric, international Paper and Johns Manville.

by the Unemployment Compen- sution funds of the various States, territories and posses- slons and turned over by them to the U. S. Treasury as trustee. Dow Jones averages: The Fre

has Treasury

Invested Stocks practically all this money In 20 Industrials interest-bearing Government | 15 Railroads securities. securities.

16 Utilities

Benefit payments exceeded collections, for the first time, in fiscal 1949 and 1930, represent- ting the 24-month period that ended almost simultaneously

with the outbreak of the Ko- rean war last June 25.

Collections have been excred- ing benefit payments since then. -Associated Press.

Search For Globemaster

ROYAL

INTEROCEAN LINES

• SINGAPORE JAVA PORTS and MACASSAR

"TJIWANGI” "TASMAN" ** "VAN DEUTSZ” • "TJITJALENGKA”

WARRIVALS

1st Apr.

1st Apt.

13th Apr.

20th Apr.

valy to Singapore, Penang & D, Dell,

only to SingaDOTE,

MANILA, EAST & SOUTH AFRICA and SOUTH AMERICA "DOISSEVAIN” "STRAAT, SOENDA” "TEGELDERG” "TJIMENTENG”

JAPAN

"STRAAT SOENDA”

"TEGELBERG?”

"TJIMENTENG”

ARRIVALS

In Port

SAILINGS

$th Apr.

4th Apr.

slih Apr,

25th Apr.

SAILINGS

9th Apr.

4th Apr.

5th May

ARRIVALS

7th Apr.

6th May

3th by

SAILINGS

oth Apr.

8th May

Agents: HOLLAND EAST ASIA LINE

EUROPE via MANILA

and MALAYA

"ALMKERK” "LANGLEESCOT” "ALENDSKERK"

Through Bs/E, Ismed, to Mediterranean and Northern European Ports,

ARRIVALS In Port .18th Apr. 18th May

SAILINGS

18th Apr. MIA, MAJ wild. Juna

ARRIVALS

SAILINGS

© JAPAN

"AIMKERK" † "LANGLEESCOT" + "ARENDSKERK” +

+ via Manila.

17th Apr.

Mid, May

29th Mar, 24th Apr.

Mid. June

24th May

KING'S BUILDINGSÉTELEPHONES, 280015ETO-28017 SLUISEMETAGEN ESTE ULEÇONNABHE MACHOWAP, 2933% %

Armament

90.32

246.10

70,04

42.68

British

-Associated Press.

Workers

Decide

Heaviness In Print Cloth Textiles

New York, Mar, 28, The cotton textile market displayed a heavy tone in the print cloth section today. Mills

Serious Shortage In The Rubber in Near-aming, condta, Ocala Still Goes On dominating the act

U.S. Steel Products

New York, Mar. 28.

Markets

several states of India.

To Ban Overtime

London, Mar. 28. Thousands of armament workers at four English State arsenals have decided to ban over- time work from tomorrow, a Ministry of Supply spokesman said today.

The men's action will be bound to slow down

Still Goes On did not press offerings, with re- Britain's big rearmament drive, he added.

seen

芦

London, Mar. 20.

sale

A terrific shortage is showing up in certain steel products, The Iron Age, metal-working trade lower, with no sales reported. long expected food gift, dashing transport plane missing since dull. There was practically no weekly, said today.

"Almost without exception,"

the publication said, "products

listed in shortcel supply by American Oil

Spot May July

Chifley

Value On

Of Pound

said today that no deaths have

vity. The popular 80-square The plants affected are the occurred as yet in the new food

print cloth sold as low as 28 arenal at Woolwich, London, shortage, but added there were

cents a yard for spot delivery, and the Royal Ordnance fac- no signs of immediate improve-

American planes following or more than two cents a yard tories at Nottingham, Wigan and ment.

had been under some

recent quotations Radway Green, in North-West Reports New York, Mar. 28.

from tho United reports that debris

the Atlantic-today by mills. Drills and twills England. Rubber futures closed here States indicate there will be a

intensified their scorch for were generally steady.

These factories produce guns, today unchanged to 200 points delay in the shipment of the

the American Globemaster

wool goods market was The

ammunition and tank cop Inst Friday March contract was not quoted hopes that the old ration of 12

with 53 people on interest in civilian goods,

ponents. since all contracts had been ounces of food per adult per day board.

Rayon goods were quiet. The object of the ban, which Iquidated.

would be restored, The ration

group of small yellow Converters showed little in- does not have the approval of Prices closed today as follows: dropped to nino Ounces objects, and some long, boards terest in offerings because of the men's trado unions, is to

70.00 nominal January

to have been large stocks already on hand prees the claims for a two-

Sydney, Mar. 28. The situation was described were reported

Flying Fortress and the slow movement of weeks' holiday a year. At pre- The Australian Labour sighted by... critical in Bihar, Bombay,

35 about

goods. Associated sent the wreffers get one week. Party leader, Mr. Joseph miles southeast of the finished In Madras and Rajasthan.

where volle by

from the Press. Bihar alone I was said the

bemaster Was supply was more than 2,000,000 tons short of needs because of floods and drought. One report said, in several villages natives to the area, 21435-21545 | were eating only one meal southwest of 21015-2111 2001-2071% every other day. Pittsburgh, Mar. 28.

Number 2 rubber, March 203-204 Food officials meeting here President Walter S. Hallanan Number 3 rubber, March 100-101 said that to give the people a its output of steel plate slated

fation next month, 12-ounce for essential programmes, while of the Plymouth Oil Company Number 4 rubber, March 181-167

the stockpile would have to or 4,000,000 tons, while existing stocks are only three-fourths of that

steel users also reflect heavy defence orders

and essential

programmes of heavy sled pro- duction"

Most of the production pro- affected The Iron rammes

Age reported,

do not include

steci needed by the industry for

its own expansion.

One large company was re- ported to have 72 per cent of

other products

Reserves In

Good Shape

told booked above report:

the average for essential uso

ATE reserves

include structural bars and hot almost five times as great as at

rolled sheets.

The trade weekly said: "In Detroit, bars (especially alloy) have replaced cold rolled sheets as a measure of riches.

the end of the First World War, despite an increase in consump tion of nearly 400 percent.

€3.00

United Press. SINGAPORE MARKET

Singapore, Mar. 28. Prices of rubber futures closed bere today as follows! Number 1 rubber, per ib.

Mar. April May

Spat rubber, unbaled..

One hope of relief was dés. on Tuesday when tor-

a weather ship on Saturday.

also cent Layere Surface veswhich is 800 miles

Ireland. Formula

36

Later, an American. Air, Foreg spokesman said that the vessels. hud not located the objecta tra Fitty-five aircraft were in today's search, including from the United States aircraft carrier, Coral Sea, 18 American Air Force and one from the Royal Air Force,

Weather was reported to be

miles-Reuter, »

For

Reparations

From 18 from the

futuresential rain followed by a holl good with a visibility of 10

216-217 shareholders in his annual Black crepe....

13315-133 No. 1 pale crepe Ünited Press. "American ofl

LONDON MARKET

London, Mar, 28. Prices

of rubber closed here today as follows: the same time, the retail Number 1 rubber. "At No auto makers have been trad-prioe (excluding taxes) of ing sheets for bars, highlighting petroleum industry's principal May is 20 percent July their fear that alloy bars will product, petrol,

October/December prove to be the Achilles heel of less than the price in 1018 and July/September

a vasily ambitious production pro the petrol of today is their

steel gramme. Several

con- superior product over that of 33 sumers have shifted their con-years ago."—Associated Press.

business in order to -version

the

have ingots made into bars in New York Sugar

stead of sheels, *

"With other steel users, they are producing pell-mell as far .as they can go with existing supplies....The full impact of heavy bookings of steel for and essential pro- defence grammes will begin to be felt in May."--Associated Press,

Futures

In cents per 18.

021-63 021-

the cropa in stown wrecked Punjab

and

Prudesh Uttar (former United Province) areas, 00-614 United Press.

United Press.

NY Cotton

Market

Australian Wheat Sales

Japan

Washington, Mar. 28: A Philippine Congressman, Hermengido Atienza,

said to

The Government is discussing Chifley, in a campaign the men's decision with their speech tonight promised

unions, the chief of which is the

the

Australian

hige Amalgamated Engineering that if elected he would not Union

revalue A spokesman of the Union

pound. sald that be understood the overtime ban would affect "quite a number of factories up and down the country, in cluding small arms and fuso fac- torios,

The dispute had been going on for two or three years.

NOT OPPORTUNE

COIL.. Mr Chifley pledged tlauance of a policy of full. tariff protection for Australian Industries.

The Australian pound is 25 per cent below sterling and many foreign as well as Austra-

llan experts believe it is under

The Ministry of Supply had valued. There has been agitation: day that hla country should been in favour of granting the from many quarters for a long seek $2,000,000,000 more of men's request in principle but time to appreciate the pound to

goods in mid that economic circumstances sterling parity.

The

Dr. Burton

repathering :

Resigns

Dr J. W. Burton, who is to and in Manila Ba

Ho

men

மர்

Japanese consumer return for dropping its repara-were not opportune." tions claims against Japan. Re Ministry's last reply had been Mr Chiley's main attack was

that more Japanese "no,"

on inflation. He charged that for other capital A strike by a few hundred the government had failed to dockers in Northumberland is keep its election promise to put roods would be useless.

Mr Atienza Bald

ships which value back in the pound. of such holding up 03 rnost Sydney, Mar. 20.

already received normally carry coal from North- claimed Labour gave the coun

rust on Engineer East

East England to London. , Tho | try), a stability equalest only. fight in the general election

other (unidentified) have stopped work because by one Ho here, announced tonight, accord-

told

newsmen he had not more highly skilled coal loaders country in the world but sald ing to the Sydney Sun, that he consulted either Philippine or have been brought from their the Conservatives in 1948. de- had

Australian

States officinis on resigned as

his docks from other parts of Britain fested Labour's proposed price United

Hons views. Commissioner to Ceylon and had reparations

felt Japan and they claimed that this ima- control referendum, the Federal Public quit

Service. should in the form of textile perilled their chances of being

pay Dr Burton's announced ar-

and otiver manufactured goods promoted to better paid jobs- rival in

Router. Australia from Ceylon over a limited period of time, The other chief purchasers on March 20 to contést a seat Mr Atienza will leavở tonight have been Britain, Scandinavia, as Labour Party candidate in for Los Angeles and is expected

The the nation here.

election on April 28 to reach Manlió about April 20. Italy, Egypt and Japan.

Undied Prax previously caused a season's crop was

at 170 announced

million The Labour Party last night

Tho. bushels with a carryover of 44 endorsed his candidature. million. To date, Australia had Minister for External sold 113 milion bushels each or Mr Percy Spender, described procedent' in the British world."

Reuter.

Canberra, Mar. 28. -India has been one of the New York, Mar, 28,

principal buyers of Australian the Chairman of the wheat, New York, Mar, 28. World sugar futures closi

Prices of cotton futures closed Australian Wheat Board, Mr here today 3 points lower, with

here today as follows:--

John S. Teesdale, announced sales totalling 120 contracts.

40.06 nominal today. Contract No. 8 closed un- Spot changed to 1 lower, with sales May

July October December March (1991) 10,47,ħid; MAY 647 bid: July BAT bid 5.00

3.39.bid

French Cabinet totalling 81 contracts.

Divided

On Price Spiral

Prices closed as follows:-

Contract No. 4 (world)

May July September Spet

Contract No, s

MAY Paris, Mar, 20.

July The government of Premier September Henri Queuille failed to reach spot

on urgent agreement today

Franco's balt measures threatening price-wage spiral,

to

45.30 bid 4001

40.44-40.43

€0.37 33.81 39,00 nominal United PremL.

NEW ORLEANS MARKET

'

The

Affairs BITTER WAGE,

rather more than half that total, Dr Burton's action as "without WAR LIKELY

Now, Orleans, Mar. 28,

cloged 1:45 Mr Tecaiole said. Cotton futures higher to 25 lower,

6.35

United PremE.

May July October

March

Spos

M. Queulile met his Ministers Exchange Rates ber

in an extraordinary session to

of financing"} out ways map

Bualnoes, wis done in the local 3,000,000 inoctialade escobangs," markat -“, this. wage increases for govermatat inflation,

without Togglag - at the following rates—-- employers

But Stetting note (Der £5) -15,00 risking tupaway

Xed to drain, rubber per 1000 the Cabinetul ca sub-dosecutors op midies, was not able come to agreement and dockled to post-plastres (poc)(00) pono sction-United Press.

to

NEW YORK BANK| QUOTATIONS

New York, MATH

Closing bank quoti

amgapore (Straste),

Exchanges

13,30

14.80

NY

New York, Mar, D.

Foreign change: Britain Switzerland

unchanged. -- Associated

Copper Quiet

Copper): Lukeren - flowed, qulid,

| 48.30

40.83

40.35

A total of 82 million bushels 445 Dia will be exported as, whoat and

31 million bushels as flour,..

In spite of the shortage of shipping space and the rising freights,

have otransamento. already been made to ship half the sold quality, or s

Mr Teesdals

40.20

Usociated

LONDON TIN MARKET

London, Mar. 28. --The tin träffort Ammoved, both for closed at the end of tho

His added that wheat prices remained steady at 10/10. under the telemational" Wheat Ago: thank and at 10/- for

Visit

Sultan's

To Britain

"After that we, became con- stitutionally disarmed in the face of inflation at home and Brood," he added..

Stock Exchange which the

Firmness

London, Mar. 20. The Stock Exchange was arm in all sections today although trading was light......

British Government bonds

He said the Senate deadlock;

government · hopes the cloction will solvo, was not the cause of the government's Inability to deal with Inflation. Parliament must be empowered Ito control prices United Pres

struggle between the Govern were higber:: Gold, and copper Newsprint For

Paris, Mar. 28;

and bliter prolonged ment and the Paris underground and bus workers soomed prob ablo, tonight as the strike com mition daily turned down on offer minoresive wages, by 12-14 of Negri Semper cont bilan arrived in London today As the 18th day of a billent

privato visit. No official and trainical Parla arrangements have been made close, the strike, com

sisted

The Buttan

London, Mar. 20.

He After his consort, the end" to gain a 24 per c

two

Japanese Bonds Tatters

Decline

his Alde-de-1274

wie oducated

智

shares moved higher

Small gains to were general among industrial lenders/

The Financial Times - (dolly the index was 120.2-Aciated

STAR FERRY DIVIDEND

Decembre 31,

Argentine

Buentas Aires, Mo The Central Bank that it wil 1000 fimport licebpas for and other" stolidis: froi under à tradò trade) |tha turp), colanteleg)

Other prop