1951-04-05 — Page 9

Page

THE CHINA MAIL, THURSDAY, APRIL 5, 1951.

MESSAGERIES WAY MARITIMES Australian Pact Rubber Licence Order

M

"BREST""

"LES OLAIRES"

ARRIVALS

from Europe

from. Europe

SAILINGS

M

PASSENGER/FREIGIIT SERVICE

"FELIX ROUSSEL" "LA HARSHILLAISE" --LA · MARSEILLAISE”

"GRANVILLE" "CDT DORISE” "BREST”

10th Apr. 1st May

10 Marseilles via Manila -6th Apr. 8th May to Japan -10 Marselljes via Manlis 19th May

FREIGHT SERVICE

Europe .N. Africa

9th 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

With Germany

Torquay, Apr. 4. Australia has for the first time made a bilateral trade agreement with Germany during 110 International Tariff talks here, modrces close to the 'Conferenco revealed today.

AN

It covered reciprocal tariff concessiona on Important range of com- modities.

also Australia made a-namber of smaller agretments.... with--Aurizia, Denmark, Sweden, Turkey and the Philippines, Details would not be announced Until the agreements had been ratified by the government

concerned. These

were expected around the end of the month-Reuter,

BIG SLUMP

Tel. 26651 (Three Lines)

IN PRICE

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 MAENSK"

"CORONA"

M.S. "SALLY MAERSK"

M.S.

Apr. 19

Apr. 30 May 15

I

'Apr. 29

May 8 May 19

For Freights and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Pedder Building

OF COTTON

Was Surprise For

The Trade In London

(OUR OWN CORRESPONDENT)

London, Apr. 4.

The Board of Trade's announcement that from next Monday licences will be required for export of raw rubber products for all destinations other than the Commonwealth and the United States came as a complete surprise to rubber trade circles in London.

It is assumed that the purpose of the order!

is not so much to prevent certain countries--

notably Russia and China-obtaining any rubber HONGKONG

at all as to keep a check on the quantities that go to these destinations.

The amount of rubber bought by Russia and China in recent month indicates these countries are probably accumulating strategic stockpiles and the purpose of the new order is to prevent rubber going from Britain to Russian or Chinese stockpiles,

If the Government is now at- tempting to impose control of shipments of rubber to possibly

New York, Apr. 4. Cotton market bears "unfriendly" destinations, mea- today forced prices downsidered

sures it has taken are con- insufficient by them-

The Communist countries purchase most of their require ments in the East, mainly in

as much as $5 a balo in selves to make any great differ- the widest break for any enco to the situation. -ession in four months.

October contract hit a low of 30.13 cents, Nearby May de- Singapore, Ilvery held at 45.30, but a num- ber of mills withdrew their buying orders at the limit price, May contract

Export controls OVET raw closed 10 points under the ceil-rubber may also extend to ing.

Hongkong which is an im portant link in trade between Malaya and China.

at New Orleans

The markel opened unchanged to off 11 points, Thereafter it worked lawer with Hitlle inter-

and it is therefore believed a similar order affect- ing exports from this market may be made soon.

still be

Wool Price

Drops In Australia

Melbourne, Apr. 4. Comeback and Crossbred fleeces dropped a further 5 percent at the Melbourne wool sales today but Merino wool showed a rallying tendency.

15

ότι

The Crossbred section of the market has now cropped from But even if measures are ruption, hitting lows in mid- taken to control the exports of rates of this series.

to 30 percent from opening afternoon with maximum losses rubber to Communist countries

New buyers in the market, of 70 to 100 points. Buying in from all Empire Боитеся

believed to be operating anticipation of a technical rally supply, there

will

United Kingdom account, gave Aleadied the market finally but a

quantity

rubber a of

lift to the Merino section. to Russia and China

The best price was from non-Empire sources. At-

277 perce pound for Merino fleece, f01- tempts to bring these other

A Washington announcement countries into the international

that the United States Defence use less wool, Department will coupled with the general uncer- tainty about the international situation, is said to be responsi-

the list closed with losses of 45 volts

to 87 points.

Prices closed today as lows:-

44.06 minat scheme for allocation of rubber supplies will be resumed at Rome next Monday.

45.39 bid

44.34

10:30

38.65-31.07

30.46

38.23 33.25

33 67 nornikal -United Pro, NEW ORLEANS MARKET

Closing rate April 4

Spat

Mny

July

October

December

March (1052)

May

July

Tel. Nos. 26661-3.

Spot

May

July

October

Decembr

March (1952)

'Max

July

IVARAN LINES

FAR EAST SERVICE

For New York, Baltimore and Philadelphia U.S.

M.V.

via

Japan, San Francisco, Los Angolos and Panama

"LISHOLT"

in 38 DAYS.

Salls about 21st April 1951

Also Accepting Transhipment Cargo for West Indies and South America

For further particulars apply

WALLEM & CC, LTD.

Agents

Hongkong & Shanghai Bank Building

Telephones:-98041-6

NEW PRICE| Control Of

RULES FOR

TEXTILES

Washington, Apr, 4.

土

A prielag regulation for wool yarn and textiles, expected

US Lead

Washington, Apr. 4.

The Government today put controls 00 lead to meet the 140,000-lon drop in 1951 suppiles.

to The control order, issued by clear the way for manufacture the National Production Author- of civilian wool clothing next ity, limits manufacturers of lead Autumn, duc

It also directs manufacturers

44.91 45.20 bld

44.10

30.18-39.20

30 51

38.12 bist 38.04

United Prese

Buys In Germany

Frankfurt, Apr. 4. American officials disclosed today that the United States has:

started, buying critical materials in Western Germany for he strategic stockpiling.

A REPEAT;

per

The Home talks will presumible for the unsatisfactory prices obly start where the recent realised at today's wool sales at London conference left off. Capetown, South Africa.

countries chiefly Some inte dropped in price Producing Malaya and Indonesia-will be as much as 20 percent and for asked to take part in some form many lots put up there was only

over natural rubber one bidAssociated Press, aimed at preventing stockpiling

of control

in Communist countries.

Malaya will be represented by independent delegates, Sir John Hay

the will represent

Pepper Markets

་

shipping

London, Apr. 4. The pepper market was Rubber Growers' Association, quiet. Singapore reported black Mr Holiday the Singapore Rub pepper at 12/3d. and white at ber Trade and Mr Khoo Teik Et 19/2d., both 022 the Malayan soilholders. This weight basis. will remove one of the mtin The New York market ruled objections put forward by the quiet and Armer in tone, with rubber producing industry to prices generally unchanged, the recent London-conference-Spot was indicated at around which was confined to diplomats $1.62, and civil servants,

consumer,

SHARE

MARKET

Business on the Stock

change

•

•

R. I. L.

ROYAL- -INTEROCEAN-

*^**

SINGAPORE JAVA PORT and MACASSAR

**TJIWANGI"

"VAN HEUT82”-

*TJRJALENGKA”

•

ARRIVALS

In Pori 12th Apr.

.24th Apr.

only to Singapore, Penang & B. Defl.

SOUTH AFRICA and

MANILA, EAST &

SOUTH AMERICA

"STRAAT SOENDA"

“TEGELBERG” "TIMENTENG”

JAPAN

"STRAAT BOENDA” "TEGELBERG” ** WTIMENTENG"

+ via Manila.

ARRIVALS

5th Apr.

5th May

ARRIVALS

Bih Apr.

11th May

LINES

SAILINGS 9th Apr, -16th--Apr.

1st May

SAILINGS

10th Apr. 11th May

SAILINGS

8th Aprt 8th May

Agents: HOLLAND EAST ASIA LINE

Ex-

•

during the morning totalled $224,033.00. Noon' rates! were as follows:

HARES BUYERS SELLERS BALES BANKS

HK Bank... 1550

INSURANCES

Union

114 @ 1370

720

20 @ 725

Underwriters 3.25

SHIPPING

Asia Nav

130

74

€50 75

DOCKS, ETC

K. What XD Dock XD 1214 Provident XD 10.30 S'hai Dock *2,90 Wheelock .. 2416

Yanetate... LAND, ETC.

2.30

1 Hotel XD 1.70 HK Land XD 3011⁄2 UTILITIES

Tram XD Star Ferry

71

C. Light (0) 6.10 0.20

C. Light (N) 3.00

1000

8.75 600 @ 40

00012

4500 0.15

200 @ 6.20

4000 3.60

333 @ 3,00

C. Light (B) 8.78 5.30 500 ó 8.75 Flocuric KD 23 24 1200 @ 2334 Telephone 105% 1000 @ 10.35 INDUSTRIALS

1112

(N) 91.

Coment XD STORES, ETC.

Dairy XD 113 114 1200 @ 12 Watson

2000 1735 L. Crawford

COTTONS

םגלע

2.00 3000 2.50

London Stock Exchange

London, Apr. 4. Forecasts of a harsh year in the Government economic sur- vey for 1951 forced Govern- ment funds down 1⁄4 to 1⁄2 of a Stock Exchange point In the today

Industrial shares closed with Hitle change after some early: duliness.

Interest switched to foreign Issues and gave firmness to rubber, oil and gold shares.--

Financial Times Index: 121.8. Associated Press.

afloats at

$1.91, Art Exchanges In NY at $1.61 and and July at 1.60 a pound,"

New York, Apr. 4.

95,00_.

20.28. 30.03.

Associated Press.

The Home conference will

a all on an ex-dock boss. A Closing foreign exchange: probably resolve itself into

repeat performance of the re-leading Import Arm reduced Canada. its estimate on the Indian crop Holland cent Washington conference on The U.S. has also started tin with America, as the largest by 10 per cent to 18,000 tons, Venezuela

demanding

Inter- United Press, into money

the constan pumping

of supplies development of new mines and national allocation fastories to increase West Ger- and producers seeking guaran

output ol strategic tees against a slump in price materials needed for Western which would inevitably accom- defence, the officials said. pany any lessening of the inter-

Теп thousand

tons of German national political tension or en duorspar, which is used in stoel, end of the American stockpiling.

aluminium and glass production,

and 4,500 tons of lead have

already moved to the United

Stains,

Newsprint Shortage: Allocation System

Auricon cffcials aid they Grain Prices To Be Considered

plan future purchases of

zinc, graphlie, aluminium, lead

and Auorspar for the nation's strategle stockpile.

They strossed that trase pur- chases depend, however, OT adequate supplies being avail- able to the German economy Associated Press.

TIN

In Chicago

Chicago, Apr. 4.

here today as follows:-

Prices of grain futures closed

Wheat-price per bushel Spol

Biny

MARKET A QUIET SESSION

July

September December

Corn

Spol May July September December Hyo May July

iscund products to their consumption HAS to be the week by the Office of Price rate of the first half of 1950. Stabilisation, probably on Thurs- day.

The

order, expected effective sext Monday,

1 rico algned

by Michaci

Dimaile. It and fabrics

V.

cover yaras

taining 25 per cent or

wool,

000

to be

Director will

was

con- more

said the

to accept up to 20 per cent of their available supply in defence orders.

Lead is used argely in the manufacture of pipes and other construction supplies.

The estimated production of domestic lead mines is expected to increase by 10,000 tons in 1951 OPS. official

and scrap recovery is likely to erder is designed to clear the be equal to that of 1950, the way for manufacturers of wool INRA, said, but imports wil

yarn to fulfil con- tract commitments. Many mills, probably drop about 140,000 tons. be mid, have shipped little orUnited Press,

for. civilians

cloth

and

wool cloth

since the general price freeze.

Shipments have

for.

been, munde use because, under

an exemption from the general price

ice freeze order, the Defence Department has been able to buy fabrics at higher prices than

manufacturers of sults and wool -clothing

Assets To Be Transferred

London, Apt 4.

was quiet DALE The tin market today. Turnover was 40 tons, | May including 5 tons for spot.

Prices closed today at the end of the official morning session as follows:-

Spot tin, buyers

Spot tin, wolfuru

1,245 1,200

Business done at

Three-months tin, buyers Three-months tin, sollers

1.104

1200

Business done Settlement

1,210

1,250

United Press.

NEW YORK METALS

2.4746 2.40-3 2.4054-5 1.499%-74 2.8314

1.7012 1.784-44 1.012-1 1.00 1.083-1.70

1.0596-75 1.5336

0332-76 July

673-43 New York four-per 200 lb, sack. $1355.—United Prem.

London Rubber

Futures

London, Apr. 4. New York, Apr. 4. Prices of rubber Prices in the metal market closed here today as follows kere closed, vrtoday unchanged | Number 1 rubler, with the following exceptions: in cents per lb,

May Tin, Grado A. (09.80

cent or higher) New Fune

144.50

Balgon, `Apr. 4. · The French authorities in Perb for civilians, As-Indo-China have authorised the transfer from Indo-Chinato Indin of assets loft by a certain

sociated Prem,

NEW ECA GRANTS

Washington, Apr. 4.

A total of $284,000 was grante od to Siam, Burma and Indo-

York July/Beptember cents! October/December Leads, common, New York,

cents 10.20 per 16.10.20

Ziną, prime number of Indian nationals who

per lb,

-nominal cents have died here in the Inat few

Oopper electrolytic, CX- port) F. O, B. years, according to an official

Now York, Indian source today,

pornib, 20,00 bid, cento,

United Frend..

ho

source

Chion today by the Economie French authorities had agreed Co-Operation Administration.

The figure Includes

$70,000

said that the

to tho

transfer as a result of

Connil-General In Saigon, Mar. V. M. de Mallo. C

Mistern, New York,

COLL-61 2015 - DY

-United Press,

Washington, Apr. 4.

An official closely associated, with the Inter- national Materials Conference said today that the Committee on Wood Pulp and Newsprint will consider not only allocations among democratic nations but also ways to increase supplies.

The Conference agreed to the formation of this committee and invitations have been sent out to principal producing and consuming countries..

The names of the countries to

The problem of distribution of participate will not be made supplies, of newsprint' avaliable public until all acceptances have from producing countries is ex- been received. Those are not pocted to be one of the most expected for another 10 days.

dimeuit. Any International Invitations have been sent to allocations, system adopted le the United States, the United expected to cut into supplies Kingdom,

purchased by the France,

Canada, normally. Austraila, Sweden and probably United States Bra

Dimcultios Water" conpifento

of

Like other commodiky com-the problem included:

reluctance mittees dealing with scarce zaw materials under the IMC, the United

publishera ta pulp and Newsprint Committee relinquisis my part of their will, have

ave power only to make normal purchases of newsprint. recommendations to the partici- The United States has already pating governinants on measures contracted for the entire year's 823-as it believe should be under production from Canada...... cat, - 03 : taken. These measures would 2. The need for dollars or which be designed to increase sup- other hard currency

suffering acute short of countries- plies and provide a system allocations which would asaire ages of newsprint must pay to additional supplies. supplier of newsprint to the purchase anti-Communist

Until, Britain's doling, shortage Prest

pro became neule, Canadian It would then be up to the ducers supplied a portion

of Individual participating govern thely output to the United ments to Implement the recom- Kingdom." While Canadian pro One of the first jobs of the Come resume this trade, now absorbed mendations of the Committee. ducors expressed willingness to milice will be to gather statis by the United States, they in- ties and other information on alst that payments must be world production,

i'made in dollars.

Copra Offers

New York, Apr. 4. Copta was offered at $200. per ton, C.I.F. the Pacific, Coat The making pised for pooout oil was stain posted at 20

Unbod Press

Slam to establish a bilong negotiations by EE Indiv-NEW YORKE BANI conta per pound, F.0.3. mills and mainten

ting factory, $50,0

$50,000 for Burma

to buy six milco-gates for an kr-

rigation project, $115,000 for

QUOTATIONS

Closing, bank Bank of Ame

A. mum. of 2,200,000 platres Indo-China to buy cloth and (about £30,000) Jeft by thoán Miread from Japan for relief Indians, mostly people of low distribution and an extes $10,000 | carning 2. capacity?) akojyt: AZIZ VREMENA. tay KNIN GAIT|Or, Muthorisation one wealthy: merchant would at Charge 3 Midlanadi covering the Sonte Arrigation thus og be transferred to 20%WALK

Indo-Chinn, Hed their widows and } orphan in rockatonai cil

Japan

Then, the

The most likely solution of tho

how to ALL dollar

problatt, the ? bucinl

will be a roguest to the Comunition: would: Maro Karport Import Ball for special

possibl

New York Aprak delve into

doller bonde pulp and newenciat tokias afonible. There han auo been |

10s gained more, adequate system for cont romm informal: mention of the Epiúp prve posible: tao of: Marshall Flan

EUROPE via MANILA

and MALAYA

"ALMKERK”.

"LANGLEESCOT"

"ARENDSKERK”

to

Through Is/L. issued Mediterranean and Norther European Ports,

JAPAN

ARRIVALS

.15th Apr. 18th May

ARRIVALS

.17th Apr. Mid, May

SAILINGS

18th Apr. Mid. May

Mid, June

SAILINGS

18th Apr.

.....Mid. Jung

24th May

"ALMKERK” † "LANGLEESCOT” † "ARENDSHERK” +

+ via Manila,

GZKING'SE BUBÜDINGETELEPHONES 20015022012

PATTISON ORIENT LINE, LIMITED

12-14 Queen's Road, C., 4th Fl. Tel. 25846.

Direct sailing to PUSAN

"LAURE PATTISON" 1.3.

Due From:

Penang April 9th.

Sailing For:

Pusau (Korea) April 18th,

For Freight Rates Apply to:

PATTISON ORIENT LINE,

LIMITED

General Agents:

CHINA, FORMOSA, KOREA, JAPAN and HONGKONG.

1

Chinese Agents:

OVERSEA CHINESE STEAMSHIP COMPANY, LTD. 48 Bonham Strand West, 1st Floor. Tels: 26127 & 81119.

FELIX ROUSSEL

will sail for

MARSEILLES

VIA

·MANILA, SAIGON, SINGAPORE, COLOMBO, DJIBOUTI & PORT SAID.

ON

Friday The 6th of April, at 1 p.m. Passengers are requested to board the vessel with their cabin baggage on Friday, the 6th April between 10a.m. and NOON.

Baggage Room and Hold Baggage will be regis- tered at Kowloon Godown No. 50 (No. 2 Gate Canton Road, Entrance) on the Thursday 5th April, between 9 a.m. and NOON and 2 p.m. and 4 p.m. Imperatively. accepted for registration No baggage 'will be after this time.

CIE DES MESSAGERIES MARITIMES Queen's Building

Tel:: 26651 (8 Lines):

M.V. "TRESILLIAN"

Loading on or around April 12th.

for

CHITTAGONG

For freight & particulars apply to

MACKINNON, MACKENZIE & CO.

Tel: 27721