1951-04-03 — Page 9

MESSAGERIES

M

"FELIX ROUSSEL" “NREST"

ARRIVALS

MARITIMES

.... from Marwellies

from Europe

SAILINGS

M

PASSENGER/FREIGHT SERVICE

**FELIX ROUSSEL” "LA MARSEILLAISE”

"LA MARSEILLAISE"

"GRANVILLE” "CDT DORISE" "'BREST"

to Marselles via Manita to Japan

5th Apr. 10th Apr.

6th Apr. 8th May to Marseilles via Manila 10th May

FREIGHT SERVICE

N. Africa & Europe 5th Apr, .N. Africa & Europe 8th May .N. Africa & Europe 15th May

for

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

CIE DES MESSAGERIES MARITIMES Queen's Building

Tel. 26051 (Three Lines)

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

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

NEXT SAILINGS

M.S. "TREIN MAERSK"

M.S. "PETER MAERSK"

M.S. "LEXA MAERSK"

ARRIVALS FROM U.S.A.

M.S. "LEXA MAERSK”

M.S. "SALLY MAERSK” M.S. "CORONA"

Apr. 19

Apr. 30

May 16

Apr. 29

May 3 May 19

For Freights and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Pedder. Building

Tel. Nos, 26661-8.

IVARAN LINES

FAR EAST

SERVICE

For New York, Baltimore and Philadelphia

via

+

Kobe, Yokohama, San Francisco, Los Angeles and Panama

in 38 DAYS.

m.v. "LISHOLT"

THE CHINA MAIL, TUESDAY, APRIL 8, 1951.

Britain Raises Britain's Ships Still

Metal Prices

London, Apr. 2.

The Ministry of Supply announced today that their Belling prices for copper, lead and sino had been all raised,

The price of electrolyte copper had been increased by 28 to £210 per ton. good soft pig lead increased by £24 to 2£180 per ton, and good ordinary brand sino creaped by 29 to £160 per ton, all prices for matal delivered at the works-United Press,

Decline

Leading Whole World

MORE VESSELS AT SEA THAN

ANYONE EVEN AMERICA

(By GERALD SCHEFF)

London, Apr. 2. the oceans which carry the Britannia still rules the waves on world's merchant trade. And that is truer today than at any time in recent years. For in British yards there are 2,000,000 tons of new ship-

Inping on the stocks and orders for as much again.

1

Fresh contracts are being signed daily. Yesterday orders for five cargo ships were disclosed. The P & O Line intends to add two big pas-

NY Cottonsenger liners to its fleet. And so it goes on.

Futures

Since January 120 new ships, totalling 1,500,000 tons, have been ordered at a cost of nearly £100,000,000.

Thanks to a gigantic ship-

programme,

Britain

a Merchant Navy

New York. Apr. 2. New crop cotton futurna to- day faltered after steady building opening, dipping to the lowest now Dousts evel since the resumption of larger than in 1939-and we hove far more ships plying the trading on Mar. 8.

spot seas than any other nation, in- cluding the United States.

The reappearance

house and other trade buying

on the dip subdued the bearish sentiment later.

ship- In five years British (yards have bullt 1,800 new mer- chant ships-bigger and faster than before valued at about £500 million,

The significance of buying in late 1951 deliveries is still not to usually shrewd quite clear

The 4,000,000 tons of orders in market observers, but one sup- position is that if may represent band and on the books repre- covering against calco made for sent another £300 million in shipment later in the year, also hard cash. Neither the Govern investment buying on the pos-ment nor any State board can sibility that the present intra- claim any credit for such enter- month difference of about 5 prise cents a pound may narrow later on.

coun-

other Twenty-seven tries have looked to Britain for merchant ships. One Analysing the supply picture their In raw cotton for next season, third of the tonnage

building the New York Cotton Exchange is for foreign owners. Norway Service Bureau estimated the has ordered 1,000,000 tons potential supply at 18,000,000 shipping from us since 1945, bales. This would include the British shipowners, with war crop of 18,000,000 bries and a losses replaced, are proceeding the possible end of season ever of 2,000,000 bales, Sul with plans to rejuvenate

Supply fleet with the most scaworthy,

and this season amounted to 17,050,- economics

comfortable 000 bales, an average of 20,500,-ships ever built, 000 bales for the past 10 sea- Among the merchantmen on sons.

order are 27 vessels of more than 20,000 tons each.

for

The market opened off 2 to up 3 points, gained 1 to

OIL-TANKER RUSU 10 points, and then eased 6 to 28

Greatest demand is for tank-

An

18 points from the highs

oil-hungry world in the ers.

them. early afternoon, It seesawed clamottring nervously thereafter to close 5 One north-cast cousy yard is to 10 points lower.

building 24 tankers which

will be 0,000 tons Prices closed today as follows: average

petrol-carriers 40.06 nominal larger than the 48.39 bid

thirties. of the 44.09

От

tanker likely

American Steel Record

New York, Apr. 2. The United States stect

pro Industry topped all vious records of war or Peace when it turned out a peak of 25,400,000 tons in the first three months of this year,

If the present pace is maintained the 1951 pro

duction will top last year's record of 108,650,509 by tons.-- 8,000,000 BOMO United Press.

HONGKONG

SHARE MARKET

U.S. Cuts In Rubber

Supplies

The

Washington, Apr. 2.

Government today banned spare tyres for new cars and cut the total civilian supplies of rubber for April five per- by an additional cent.

The order makes an estimated 88,000 tons of rubber available during April-about 1,500 tons below the average used in the first three months of 1951,

The National Production Au- thority estimated that the cut- that the back would mcan output of auto tyres, boots and galoshes, mats and other civilian rubber flems will be about 10 per cent below pro- duction in the year ended last

June 30. The output

has already been cut back about five per cent.

The order prevents automobile

from buying, manufacturers

spare tyres independently, but a person who buys a new car Business on the Stock Ex- can get a spare from the re- auto during the morning! tallers. The order limits change totaled $209,553, Noon rates makers to a 15-day tyre in-

and dealers and dis ventory were as follows:

tributors to a 30-day supply.

The NPA criimated that the total rubber consumption for military and civilian use this month will run to 101,000 tons, 3,000 tons more than the monthly

for the

first three months of 1951-United Press.

SHARES BUYERS SELLEES SALES BANKS INSURANCEES

Valon

SHIPPING

HK Bank, 1543 1370 401300 720 725 105 @ 725 10@ 127.50

A 320gest ship launched pock

Spot

May

July

October

40.50

-

December

39.00-19.00

to be

March (11521

32.73

May

July

39.49 nominal 30.24 -United PreRS.

put

NEW ORLEANS MARKET

Spot

May

July

October

December

March (1952)

May July

Sails about 21st April 1951

Also Accepting Transhipment Cargo for West

Indies and South America

For further particulars apply

in Britain this year.

Finishing touches are

being

to two new Liners scheduled for maiden voyages Closing rate in April and May.

April 2,

One, Furness Withy's Ocean 44,31 Monarch, is designed for luxury 44.83 bid cruises. The other, the £3,

500,000 liner Oronsay, is the Australian

43.39 bid

4047

3081 39.04 bid

run.

for

She will have more tourist 20.41 bid

fares as low 38.90 bid space, with Vaited Press.

Late Rally

259, a dining-room and play- dock for "children only," and a mast containing a radar-scan- bridge.

the

FEWER CO

COAL-FIRED

On New York projecting

WALLEM & CO., LTD. Stock Market

Agents

Hongkong & Shanghai Bank Building

Telephones:-88041-5

Trade

New British

Agreement With Pakistan Signed

Karachi, Apr. 2.

New York, Apr. 2.

лег оп

New liners are to it anti- seasickness stabilisers hull- reduce fins which ships' roll in heavy weather. A new device will convert water into drinking water.

Oll burning motorships will form 30

of the percent chips. Fewer coal-fired steamers are being built than ever.

sca

new

But there will be no "jet" ships. Such engines were tried out and discarded at sea before was aeroplanes were invented.

Pepper Market

Firmer

Nav, 100

K. Wharf XD 7251⁄2 N. Pt. Wharf 4.00 5.10

Dock

#

Providens XD 10.20 S'hal Dock.. 2.90 Wheelock ... 24 LAND, ETC.

HK Hoved 200 8.70 HK Land

Humphreys,

UTTEVMES

500 10.70

43 200 @ 41

7 7500

Tram XD.. 11.75 121⁄41⁄2 1500 @ 12 Star Ferry

71

C: Light (0) 6.10 0.30 3000 6.15 C. Light (B) 6.70 500 à 5.70 700 8.75

Flectric XD 2335

Telephone 1023 202 STORES, ETC.

Dairy

Dairy (New? L.Crawford COTTONS

Ewo

The

Prices

143% 1200

13% 300

1.00

average

"TIN RUSH”

R.I.L.

ROYAL

INTEROCEANEX LINES

SINGAPORE JAVA PORT and MACASSAR "TJIWANGI’ "TABHAN" as

“VAN HEUT8Z" ='

"TJITJALENGKA”

•

ARRIVALS

In Port

.In Port'

18th Apr.

.27th Apr,

only to Singapore, Penang & D. Dell.

** only to Singapore,

MANILA, EAST & SOUTH AFRICA and SOUTH AMERICA

"STRAAT BOENDA” **TEGELBERG” "TJIMENTENG"

JAPAN

"STRAAT SOENDA” "TEGELDERG” "TJIMENTENG"

† via Manila,

5th May

SAILINGS

"Bib Apr. 4th Apr.

16th Apr,

1st May

ARRIVALS.

SAILINGS

9th Apr.

5th Apr.

8th May

SAILINGS

6th May

8th Apr.†

ARRIVALS

7th Apr.

8th May

Agents: HOLLAND EAST ASIA LINE

EUROPE via MANILA

and MALAYA

- "ALMKERK”

"LANGLEEBCOT"

"ARENDSKERK”

ARRIVALS

SAILINGS

.15th Apr. 18th May

19th. Apr. alld. May

Mid. .June

10

Through BS/L issued Mediterranean and Northern European Porta,

JAPAN

ARRIVALS

SAILINGS

"

“ALMKERK” +

"LANGLEESCOT"

17th Apr, Mid, May

18th Apr.

"ARENDSKEIK” †

Mid June

24th May

† via Manila,

ALKING'SCHUILDING FULÈPODNESS: PROLA (TO) 28017.

Malaya Still Riding On Crest Of A Boom

Singapore, Apr. 2.

The rubber and tin-rich peninsula of Malaya and Singapore island is still riding high, wide and handsome on the crest of a boom.

Currency note circulation today is S$700,- 000,000. A year ago it was S$402,000,000.

Deposits in banks have jumped upward march. to S$509,000,000, compared with S$315,000,000 in 1950,

Postal savings have risen from

IN CORNISH S$48,000,000 to 5$58,000,000,

VALLEYS

Malayan tin

producars coyly say they have no particular desire to sell this vital com modity Soviet Russia, but in view of U.S. action they have

alternative.

All of this means that of the increased note circulation of no S$288,000,000 only S$204,000,000 leaving for accounted 5304,000,000 in the hands of the masses.

One thing is certaio-pro- ducers are determined to keep the in price high enough to assure them what they say is a

reasonable proat,"

Rubber men

way.

feel the

London, Mar. 29.

This also means that with so New life has entered the 1414 world's oldest tin producing much money in the country, the 13.10

Tin men, too, frequently his industry in Cornish valleys Governments of Singapore and long ago written off as not the Federation of Malaya are back at the U.S., and claim t worth the trouble of fur-paying special attention to anti-is the American Government

Inflationary-measures.

who is "gouging the world.on.... The Singapore Ecotomie In- prices of metals it commands. Burenu sums it up That's their answer to a UB formation

The this way:

that Senate Sitace's declaro. people are earning as a result

producers are

Rubber Markets

London, Apr. 2. of rubber futures closed here today as follows: Number 1 rubber, in cents

per Ib. May July

July/September October/December

ther exploitation. It is part of the boom started by re-

cord prices.

mongy

tion

that

The mine at Luckett

of the extraordinary increase in "gouging the U.S. Cornwall has her reopened the price of rubber and fin ir

So, even though the price of

and it is hoped that within six far and away larger than be foodstuffs, for instance, are up

tin con

months 400 tons of

centrate, worth £500,000,

дя

fore.

or

to

lush

taking

homes's

MOTO

rules and, in a British phrase, having a jolly good time: Associated Press..

200

300 per cent in the last and other things "Common sense tells us that four be mined there annually.

the way to remedy this position are following the same trend Miners have come from

who handle

rubber and is either to increase the supply those to

join in far as South Africa this intest "in rush".

Getting Already of goods or decrease the amount tin' still manage to "got be

means that spond, and of are employed, 03-04 105 men

both people have

of them are buying more auto 3- now prosperity is awakening in

The Bureau suggested inflation mobiles, more the tiny village of Luckett and 35-38 its neighbouring town of Cal- could be checked by increasing drinking more, -United Press.

the supply of goods on the local lington.

But local

closer check on belleve market, a exporte SINGAPORE MARKET

much more could be done to exports, taxation," sayings, and Singapore, Apr. 2.

of consumer resistantə` movements; Prices of rubber futures closed some of the raw materials which

step up home production

BOND ISSUE liere today as follows

short supply. aro in critically Number 1 Tubbor, per ib,

Why, the local people ask, April

does not the Government reopen the wolfram mine at Hemerdon?. This mine was re-equipped at a cost of £305,000 during the war, but is silil on a care and main

ober,

rubber,

220-221 217-218 214-715 207-208

104-105

A last-hour rally cushioned an early decline on the stock mar- ket. Earlier weakness had forced prices down more than $2 share.

Turnover 1,280,000 shares.

Most of Britain's newest ships Some heavy losses appeared will cost £1,000,000 each. And in rails.

Televisions and textiles ships of the future will, haya ranged to more than a dollar only one funnel. Bow figure- # share lower. Utilities hold heads of ancient days are re around the previous blose, as turning to odd grace and beauty, measured by average.

-London Express - Service. Industrials however, declined 1.431 to 246,63 and ralls lost 67 cents to 70.65. The general average dipped 58 cents to 90.50. Of 1,108 issues traded, 724

May declined, 180 advanced and 204

June Number 2 rubber, were unchanged,

April Wall Street found encourage ent in

Number a statement by the

New York, Apr. 2.

Apri Secretary of Treasury, Mr John • The pepper market ruled / Number-

actual trading Apoll The new agreement revises the list of goods enjoy- Snyder, that the second bite" frmer although

on taxes could be postponed was on the quiet side. Higher Spek Hubber, unbsied ing Imperial Preferences between the two countries.

until

He asked Bombay offerings helped to stit-No.1 pale crepe year, however, to rush on the local marifet with some

United Press. Pakistan exporters will receive if there should be a material Congress,

offered up to and through the request for $10,000,- April shipments

NEW YORK MARKET volume preferences on ion, dressed and change in the

a pound, cost and freight, $1.60 a the preferential 000,000 in additional taxes.

New York Apr. 2, undressed leather, hides, skins, pattern

Dow Jones averages at the and city

higher than last week

Crude rubber No. 1 futures oilseed cake and meal, carpets ande.

give not of the session stood as follows: Spot pepper was quoted today Either party may

closed quiet with no malék, HD and sports goods when imported

less than six months' notice of 30 industrials"

240,63 at between $1:01-1.62 a pound. by Britain.

79.05 Ro-sellers quoted aflents et be sheets 72 nominal Associated Spot No. 1 ribbed smoked British axporters will re-termination of the agreement 20 rails

42,21tween $1.60-1.61 and

April, Press. ceive preferences certain at any time after it has run a 15 utilities

40 bonds

208.17 May and Jtine at around $1.59- iron and steel products, chemi-car.

the After announciag

---United. Press. 1.00, all on un éx-dock basis. paints, engineering Ppact, the Minister introduced a

United Press. duct, cation and rayon textiles.

"London, Apr. 2, The The agreement was signed by Bill to abolish all reference to

market popper Fazlur Rahman, Pakistan's proferential duties in Paitsian's

A new British-Paldatan trade agreement, revising the United Kingdom-India agreement of 1939, was signed here today.

Commerce

on

BM-

Tariff Act

of

.new

Minister, and Sir

The new trade agreement, Laurence Graffiey-Smith,

which is limited in its scope tish High Commissioner,

and has a short life of 13 Mr Farur

later fold Rahman

months, cannot obviously form the Pakistan Constituent A- sembly that the agreement re permanent part of our tariff

Reuter. structure," he said. --~-

dressed the balance of advan

ment

neart

wda

Grain Prices stagnant, mainly because sellers

In Chicago

Chicago, Mar. 2,

Prices of grain alturaged which had been upset by the NEW YORK SUGAR here today as follows:

tages under the old agreement,

'partition of the Indian sub-con-

tinent.

He added: "Thờ. now, narco- ment, it is hoped, will work to the mutual advantage of both countries and, by the exchange of tariff preferences, will foster trade in both directions” y

MAY CONFER

FUTURES

Wheat price per bushel.

spot May July

September

Corn

New York, Apr. 2. World sugar

futures closed December today 1 to 4 points lower, with spot sales totalling 60 contracts. May

Contract No. o closed

hera July

Beptember today 2 to 4 points lower, with December sales, totalling 50 contracts,

Prices closed today as META

Goods from which preferences follows: in favour of Britain had bot

| Corneses, No. 4 (worta)- removed include Tootor cars, May motor cycles, bicycles and "bar" ||July tain items in the chemical and Septembe from and stool categorion,.; Man (conteni

MY-TARUE" Rahman said that

C

Byo

July

J

B46 traded

are no hurry to sell and buyers think that pepper ought to be 50. ahillings, per bundred- weight cheaper than it in. Mala-.

bar

who are not

Black crepe

tenance basis.

The Government of the Federation of Malaya now la recking the advice of trade and industry leaders to half the in- | flationary trend, for prices seem to be going up every few days, The Government also plans to

k 163-106 22031 = 22131 PLAN

The supply situation for wol-open Government-sponsored co- 100458 from his deteriorated since operative shops.

As another anti-inflationary 233--240 Chinese suppiles were cut off

from the West, and the price of move, the Federation Govern wolfram-the source of tungsten ment

proposes from other countries soured since the outbreak of war

TIN MARKET

FIRMNESS

11

but business was

to

Anti-Cartel

Scheme For

The Ruhr

Bono, Apr, 2

The Allies today announced

a reorganisation plan for cont bas $$10,000,000 worth

of tax-free and steel designed to break up premium bonda Then, too it has the German heavy industry that in Korea London. Exprces in mind a provident fund scheute fed the Nazi war machine

which would absorb as much as

The main features, pre; Service

S$50,000,000 a year,

1. The large steel combines The people of Malaya and will be formed into between 24-

and 28 companies, Between ning plaining, about steadily prices," novertheless find much own their own coal mines, cheer in ricketing prices for the sales organisation and the Cook 2--The West German, 'conl rubber and tin

Tax On Meat Singipore Island, who come and 12 of these companies may

Suggested

become rich Board are to be dissolved, t Thousands have soll, Washington, Apr. 2. with rubber soaring to as high Since the war heavy industry Staff experts for the House, du 8$2.80 per pound. Tin has has, beon functioning with its London, Apr, 2.

Senate Economie Committee to it as high as 8$183 per picul, future ownership pattern in cold

or one sixteenth of a ton,

storage. The new plan, when pub - Was offered at 1275. The tin market was firm today day suggested that a "luxury"

tax might be levied on meat to Even- what is turned herb into Dutch The

effect, will ensure that Irregular. allowed by India to buy Main-Turnover was 100 tons, including help check indiation. The sugges efforts of the US Government owners do not band together to tlan was contained in a staff to force down rubber and tin make the German industrial bar, are stil buying in Singa- 20 tons for cash,

report made public, with the prices has not caused any an- machine a menace pore, resulting in black pepper

Prices closed today at the end and report of the Economic duo alarm

Alled officials mid---Router rising to 13 shillings and white pepper to 19 shillings, both on a

of the official morning bosion as Committed. The Coràmitige It-

DEMAND RESUMEA sdif did not suggest such a tax shipping weight, bads United follows:

The staff report said groupe The rubber and tin producers eaching more than 18,000 yearly of Malaga make no benes about Japanese Bonds

that they can always accounted for $4 cent of foods to Soviet Russia and other

Opos tin, buyMED 'awwa

¡8pot sin, sölury, es

Business done at Three-months, tib, buyers.

NY EXCHANGES, Tremontiin, miller

*Bonitam done st

Beillement

New York, APE

Foreign Exchàng

སྙ.

ve

nations even if the U.S. la en- taxes on cortaki luxury foods might not be athles,tirely out of the burities of From the sheer standpoint of buying until prices reach u

***Preasonable Tøvel”, production, mest, be often the in price broke- been polptest out, is in reality sa AKRO

Exchange Rates on other products how love umemta upended

UA.

Bonusy Bood. Unlow fed wholly for a few days, atức the um, and, that, comprobe trod for change for stokpiling and math fond de prociation feds for Heal the sole pippoca communion food vend Unica, the tie But" produtos Ponloriid value returned.

Recover

to: peace,

lo

New York, Apr. 2.. antindo barida showed

dent, strength in today

which was marked by

movements

mular price

The Pains" "followed

Thor of detale of the propo

бараните ровер, тракт

* TOKYO, CIV B 34 Padded.