1951-04-06 — Page 9

Page

THE CHINA MAIL FRIDAY, APRIL 6, 1951.

MESSAGERIES MARITIMES WOOL PRICES DROP TWENTY

M

"BREST"

"LES GLIERES"

ARRIVALS

from Europe

from Europr

SAILINGS

M

PASSENGER/FREIGHT SERVICE

"FELIX ROUSSEL" "LA MANSEILLAISE" "LA MARSEILLAISE"

"GRANVILLE"

"CDT DORISE” "BREST

to Marmelles via Manila to Japan

10th Apr.

1st May

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

FREIGHT SERVICE

N. Africa & Europe Bib Apr N. Africa & Europe 8th May N. Atrica & Europe 18th May

for

PORT SAID, TUNIS, MARSEILLES, ALGIERS, ORAN. TANGIER, CASABLANCA, HAVRE, DUNKINK ANTWERP & ROTTERDAM.

CIE DES MESSAGERIES MARITIMES Queen's Building

Tel. 26651 (Three Lines)

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO;

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

NEXT SAILINGS

M.S. "TREIN MAERSK”

M.S. "PETER MAERSK"

M.S. "LEXA MAERSK"

M.S. "LEXA MAERSK"

M.S. "SALLY MAERSK"

M.S. "CORONA”

ARRIVALS FROM U.S.A.

Apr. 19

Apr. 30

May 16

Apr. 29

May. 8 May 19

I

PER CENT IN MELBOURNE R. & L.

Withdrawal Of American

Auction Competition

Sydney, Apr. 5.

The Commerce Minister, Mr John McEwen, said today that high wool prices were a direct re- sult of American bidding against herself at Aus- tralian auctions.

Mr McEwen, speaking at a conference here, said that the U.S. was financing Italy, France, West Germany and Japan to bid against American buyers at the auctions,

"The U.S. has asked to make

on international allocation of wool and to suspend our auction "We told system," he said. America we would not consider dropping the auction system short of war."

Meanwhile, in Melbourne, wool prices showed a further decline of f five per cont today to bring the well was attributed week's drop to 20 per- cent. to the withdrawal of American!* competition.

Bidding was slow through lack of American support with Grent Britain being the main

sup-

porter.

The highest price was 270 pence a pound for four leg of nierino fleece ----Associated Press,

Singapore's

New Rubber

Controls

Singapore, Apr. 5. Rubber

from the exports Federation of Malaya begin- ning

Aprli B will require special .government approval unless they are going to the UK.,

Canada and other Do- minions in the Sterling Area,

the U.S., it was an nounced today.

The

For Freights and Further Particulars please apply to:-Eire and

AGENTS:

JEBSEN & CO.

Pedder Building

Tel. Nos. 26661-8.

BRITAIN GOING

INTO

ECONOMIC WAR

(BY GEORGE SCHWARTZ)

London.

A special issue of a five-shilling piece will mark the occasion of the Festival-of-Britain, and

ment sakl

government announce

HONGKONG SHARE MARKET

Fair netivity morning session

featured the of the Hong-

kong Stock Exchange. The total volume of transactions register- ed was valued at $187,803.80. Noon quotations were:

SHARES BUYERS SELLERS SALES BANKS

MK Ban .. 1330

INSURANCES

SHIPPING

710 750

Waterboat .. 1814

DOCKS, ETC.

N. 14. Whart

Provident XD

S'hat Dock.. 2.00

HK Hotel

HK Load

20 13:0

@ 00

120

6.10 1000

5.10

14

LAND, ETC.

30

Shal Land

1.20 1.30

UTILITIES

Tran

13

P. Tram (0) 2135

Star Forry

Light (N) 3.60

Strong Backing Offer

For Ambassador On Iran Oil

London, Apr. 5.

A British delegation to advise the Ambassador Bir Oliver Franku, in his talks with United States oficials on the Persian off question will leave for Washington by plane Saturday, it was announced today.

مطا

The delegation will n clude Mr G. W. Furlonge, in charge of Middle East affaire At

Foreign Office, Mr D. R. Sarpell, Assistant Secretary at the Treasury, and Mr Victor Butler, Under-Secretary to the Ministry of Fuel and Power-United Press.

N.Y. Stock

Market

Makes Spurt

Of

Grain Declined

Ottawa, Apr. 5. India has decided to de- cline a gift of low grado wheat from Canada, Mr P. R. Banerji, India's acting High Commissioner to Canada, sald in an inter- view today.

of India "The poor people would not havo understood the gift," he said, "even though and there is hunger in India more wheat is needed, we have decided to walt until high quality whent is available in Canada next fall".

Cunada informed India that as high quality wheat was unTM available, low grade wheat was offered as an alternative under Canada's contribution US$25,000,000 in the first year of the Colombo plan to alding south and southeast Asia.

other

of

under

Falling Canada's ability to supply millable grades of wheat New York, Apr. 5, for India's people at this time, The stock market bounded India would continue to look ahead today in one of the for additional supplies from Banerji strongest forward surges of the

countries, Mr year under the leadership of said.

amounted to

that He explained rulla. The

Kaing more than two dollars a share Canada's offer, the low grade through a wide assortment of wheat would have had to be issues, and in the case of rails sold by the Indian Government 5.78 the top was considerably more. to the people under the govern- 431540 Nickel plate gained 0 at 216. ment's rationing system.

Transfers totalled 1,791,000- highest ince mid March,

Brokers said the pdvance was based

on two general reasons emphasis

1500

300 40

100 @ 73

4420 9 5,75

from

C. Light (0) 0.01 0.20 34006.05 Washington and Tokyo of the 10009 0.10 seriousness of the war in Korea, 2000 and technical strength arising (C lagt (B) 3.78 6.50 120 3.50 from within the market itself.

All of the 15 most active 5.75 issues advanced. Among gainers 101 were Santa Fe, Texas Company

U.S. Gypsum, United Aircraft, Baltimore and Ohio, Sinclair Oil, Fepsicola.

Elteiric .... Telephone

24

1100 500

1134 1000

11

12já

1000

this regulation fol

with the Britain

of purpose preventing unduly large quanti ties of rubber from being ex- ported to any destination, leav ing too little available for Bri- tain and other friendly coun- tries. Associated Press.

lows a a similar one Imposed by INDUSTRIALS

San Francisco, Apr. 5. Closing foreign exchange: Amsterdam

20,27

Jakarta

Brussels

Singapore Bombay

Hong Kong Philippines

2 -38-

21,02

17-9/16

Associated

49.85 Press.

Grants To

Cement

Ropo

STORES, ETC.

Dairy XD ..11% 12% Wutput L. Crawford COTTONS

Ewo

Dow Jones Averages: Stocks

20 Indust als

173 100 ✪ WI

24

15 Ralls

10 Utilities

2.00

U.S. COTTON

wide

MARKETS

to record the progress from precious to base it will Rubber Meng was resumed on the New

be of cupro-nickel instead of silver.

1

The money received for the wheat would then have to be converted for 11:50 in some capital development project.

"The people of India would have had to pay for the wheat might not in

rupees. They have understood the goodwill

the gift of

That is a difficulty we are trying to avoid."

India previously has made a purchase of 11,000,000 bushels of Canadian millable

whent under the International Wheat the agreement for delivery to current crop year. The whet $2.41 is

being moved as shipping be 260.32 comes available.

82.85 Mr Banerji said 42.43 cussions were continuing

-Associated Press.

Serious P.I.

that

dis- .with

Canada about obtaining supplies of other raw materials for India under the Colombo pinn-Reu- ber.

Coin Shortage Hedge Buying

Manila, Apr. 6.

The Philippine government Against

order New Taxes

New York, Apr. 6. Cotton futures moved over a authorities are studying the ad- range in nervous dealings, visubility of issuing 80,000,000 featured by a decline in nearby pesos' worth of small-denomina

to case May futures from the ceiling- tion paper bills in. the first time May

had sold the serious cola shortage that is under the maximum since trad- hampering business transactions.

London, Apr. 5. Printing and --circulation of

In five-ten-atud 20- Domestic issues on the Lom- Cotton Exchange on scrip money

denominations were don stock market were neglect- March 8. Futures closed 1.20 centavo

in favour of hodge a bale higher, to 85 cents lower, decided on by the Central Bank ed today May

and the proposal is expected to buying against higher traxes In budget duo Britich DOW July

be taken up for final approval the October December March London, Apr. 5.

May European owners

of rubber July in Malaya have repaid Middling spot little" of nearly £950,-

The profits of the Great Exhibition of 1851 Not

on the Festival

are still accruing, and the losses are still mounting before the show even opens,

Herbert

about

is

more

Repaid

45.39 bid

44.13 20.52-53

35.69

by Cabinot, which holds its next Tuesday.

the

regular

Thong today.

NITOW range,

Gold mining, all and hemp Bank decision starles scored good gains, US. came shortly after word was Steel finished 14 points higher received that the U.S. Mint and Woolworth jumped 2%.

time British industriais were ir would be unable for some to fill the Philippine govern regular in a

order for 40,000 five- Government bonds closed with

coins. The

signs of as much Bank mimis

moet of the

Japanese bonds and a poor day, the 1907s Anishing at 50%, 1910s at 43, down one, the

MS Ties

agreed to recommend 3/16ths through

Issue

38.43 nominal

10.00 40.00 nominal Consols in 1851 fluctunted In the first place, Sir Harold estates

-Associated Press. between US and 99. They are sensed, oven it the Minister did "very

to them by the is not, that the morale needed no000 advanced

NEW ORLEANS now 67, the whole country

boosting. The men, particularly British Government at the end sodden and unkind.

New Orleans, Apr. 5. in the fighting units, were for of the last war, it was officially Mr

Morrison

interested

Cotton In

futures closcal 1.20 the war stated here today, nationalisation worried

The money was advanced for a bale higher to 55 cents lower, in what might happen to than

of. paper money of rehabilitation

the rubber May

45.30 bid the in

afterwards. They Persia, and it's being so hom

had Industry

after the defeat of July

44.07 bid pending the arrival of the coins, cheerful as keeps us going. smelt victory and were on their

34-44 The paper currency will be os. When the Minister though: the Japanese.

30.75-74 withdrawn as soon as the coins In his Army Services dp March

30.83 bid arrive-United Press. to rally them by talk of better

account for 1949- propriations

Spot colton

unchanged at mograming and we are on the houses, better wages, coined to 50 Sir Frank Tribe, the Comp-in pros

of the Budget that should cial services,

they

"seemed

Auditor troller and Are treat him as a

General, Midding as a good music-hall make the cost manifest.

of refunds there

to be any

illusions on turn rather than as a preacher said that payment

on the 2055,643 advanced be- no war, of a new social gospel.' this occasion? War of

in is the third ordeal

Stlu more luminating was a fore the end of 1945 had been a lifetime, and while there is laber episode on the tour. The postponed until planters began

to be repaid war damage com

to a We are now committed

costly rearmamento great and

eve

this

Minister dined with the generals

October December

WAR

44.01 -Associated Press.

TEXTILES

Grain Market A Little Shaky

New York, April 5. The cotton textile market deal of ruin in a nation, the ruinations shouldn't overlap at G.H.Q. and when the converpensation

was about unchanged, The sell- extremely slow, Before we have repaired our sation turned on the future, to the

"In this connection I under-ing pace was

resale

Chiengo, Apr. 5. -own was damage

we are en-Minister's

the stand that the assessment and with scattered lots of amazement

dominating the damage.com- print cloth

Com, was a stondy spot in a gaged to an immediate grant of

are still for market. Broadcloths were also grain market which was a little £10 million for reconstruction generals advanced the view that payment of war the war would be disastrous pensation claims

though never really economically to victors and van. from being completed," he said, easy. Constructions in good de shaky,

Reuter.

mand from military services wesk A little export business quished alike.

in Konca,

:

THE DIAGNOSIS

I have been reading with

sombro

interest Sitr Harold

Butler's recent

NO EVASION

The Minister "was horrified at

hald steady.

was enough to give corn its The wool goods market was relative firmness,

Singapore Rubber dall, with dealers awaiting-the book entitled this heretical view. There he

"Confident Morning."

twilight excursus.

It is a awas portraying that afternoon on a theme for the afternth time the land

Futures

do What closed 4-4, lower.

new pricing regulations expect July

ed to

$2.49 $2.474-$2.48 break the stalemate in September $2.40% $2.487% civilian wool goods business

Com, was higher. Oats

were lower to Rayon goods were slow, with Singapore, Apr. 5.

prices easy, reflecting the in-higher. Prices of rubber

Ryo was 1⁄4 higher. fluence of heavy inventory:---

Soybeata were unchanged to 1 lower-Associated Press. Number 1 rubber, par th,

futures

which can be posed as an of milk and honey, the myriad affirmation or an interrogation, homes for heroes which would "Naver glad conildent morning blossom on the earth once pence again."

restored. He stoutly refused .and informed observer of the to admit that the war could have elosed here today as follows:~~ | Associated Press.

destroyed much of

of the wealth Apeli public events of the past 40 years. needed for the realisation of his

As an active participator in,

was

worst of the argument

May

21016-21746 210518 212-11

Sir Fleroid arrives at one certain dream, but he had much the Number 2 rubber, Apel 2011-2005 So much for the Blimp, and Number 3 rubber, April 1574-1934 political wisdom on that spot rubber, unbind ... 217-338 occasion.

And then Sir Harold has to No. 1 pala compe

diagnosis of our prosent plight: we have never appreciated or provided for the frightful losses of war. The problem goes back

to and derives from 1914.

IRREPARABLE LOSS ·

for

record that in 1945, as trí 1910,

"The national capital bulit up the oentary succeeding Napoleonic Wars began to cbb the

Dow

Number rubber, April 134×100

Madle crops

155-157

250-240

dod Press.

by the vigour and enterprise of mutable demonstration for Aorea :: In Kaw

the

the British people set out to found parla and he has to mark the

e new heaven and A

socond time that tho rapidly away. The lives of that economie conmoquences of war

cannot genermion could never be Lost replaced, nor could the maccial planning mucky which bod onabled prins

to afford Britain, ond Europe

#

"wyndod alther by ba

privato "enter=

Or by

Hide Market

NEW YORK SUGAR Newsprint

FUTURES

New York, April 6, Sugar futures closed hore to- day as follows

Contract No. 4 (World)

July

September

Epot

Contract No.

July

Aware Tokyo, Apr: 0. Japanese firms are expected Spot

about $200,000 rar hidse mod #ins Gorda, according to

And, now we are flood with to vro-expor better life to the growing a third turn Do anyone wo

Javre klembH JOHOR STOved, irre- || bélieve thiss the 'expenditure of | tou

Sir Harold tails on Alimbin AinMaiory of- 1918 mhco ha ac-

12 1,700+ million, on armoacogate Over the next throw youre Kuili be productives of mile and honey?

should

Exchange

Bat:hid

Control Opposed

Washington, Apr. 6.)

A resolution opposing. · gov- orament interference with free- dom of the Pream through Down- print:contrals was adopted - animously today by the Boon=" omlic Commitoo of the Amori con Foreign Minister Conter-

from The

where there

1st.

**

·

ROYAL INTEROCEAN.

SINGAPORE JAVA PORT and

MACASSAR

“TJUVANGI"

"VAN HEUTSZ" •

"TJTJALENGKA"

·

ARRIVALS

In Pori

12th Apr.

27th Apr,

only to Singapore, Penang & B. Deli.

MANILA, EAST &

SOUTH AFRICA and SOUTH AMERICA "STRAAT SOENDA” "TEGELBERG* "TJIMENTENG"

JAPAN

"STRAAT. SOENDA" "TEGELBERG" *TJIMENTENG"

+ via Manila,

Agents:

ARRIVALS

In Port 5th May.

ARRIVALS

8th Apr. .11th May

LINEST

SAILINGS 9th Apr. 15th Apr.

1st May

SAILINGS

10th Apr. 11th May

SAILINGS

8th Apr.

8th May

HOLLAND EAST ASIA LINE

EUROPE via MANILA

and MALAYA

"ALMKERK”

"LANGLEESCOT" "AKENDSKERK"

Through BS/L, Isstiedo Mediterranean and Northern European Ports.

JAPAN "ALMKERK” + "LANGLEESCOT" "ARENDSKERK"

† via Manila.

SAILINGS

ARRIVALS

.15th Apr. 18th May

Mid. June

ARRIVALS

17th Apr. .Mid. May ..Mid. Jang

18th Apr, Mid, May

SAILINGS

18th Apr.

24th May

VIKINGSZBUILDING,SZTELETHBNUSTE2005ZIDEL

SUBSCERGENTSKIHTCONNAUGIFT, ROADECHTSVIMAMES

PATTISON ORIENT LINE, LIMITED

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

Direct sailing to PUSAN

1.1. "LAURE PATTISON"

Due From:

Sailing For:

Fusan (Korea))

April 18th.

Penang April 9th.

For Freight Rates Apply to:

PATTISON ORIENT LINE,

LIMITED

General Agents:

CHINA, FORMOSA, KOREA, JAPAN and HONGKONG.

Chinese Agents:

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

IVARAN LINES

FAR EAST

SERVICE

down, and the 1930s at 82, For New York, Baltimore and Philadelphia

down 14.

Financial Times' Index: 122.0. -Associated Preez

LONDON TIN

MARKET

The

steady

London, Apr. 5. tin market had a very tor at the morning Turnover was 40 tons, sin including ten fons for canh.

Prices closed as follows:- Spot "tin, buyer

Spot the seller

Truebies done al.............

1:200

1200-1.258

Tree-month tin, buyer 1200

Three-monthe in, wofler: 1,310 Bettlement

2015-1,300

via

Japan, San Francisco, Los Angelos and Panama in 38 DAYS.

ELV. “LISHOLT”

Sails about 21st April 1851 Also Accepting Transhipment Cargo for West Indies and South America

For further particulars apply

WALLEM & CO., LTD.

Agents

Hongkong & Shanghai Bank Building Telophones:-88041–5

2 FLIGHTS WEEKLY

FLIGHTS

TAIPEH & TOKYO. TEMPORARILY, SUSPENDED.

SOUTH to

SINGAPORE via BANGKOK [Wednesday." "KUNDAYA

COACH SERVICE at redus

PACIFIC LIVERSEAS AIRLINES SIAM