1951-04-11 — Page 9

MESSAGERIES

MARITIMES

MOM

→LES GLIERES”

ARRIVALS

from Europe

SAILINGS

PASSENGER/FREIGHT SERVICE

"LA MARSEILLAISE” "LA MARSEILLAISE" ***FELIX ROUSSEL"

"ODT. DORISE"

"DREST"

"SAINT VALERY"

1st May

to Japan via Manila ........ 8th May to Marsellies via Manila 10th Day to Muracilies

FREIGHT SERVICE

23rd June

-N, Africa & Europe 8th May .N. Africa, & Europe 14th May N. Africa & Europe 23rd May for

PORT SAID, TUNIS, MARSEILLES, ALGIERS, ORAN, TANGIEL, CASABLANCA, HAVRE, DUNKINE, ANTWERP & ROTTERDAM.

"BREST"

Queen's Building

THE CHINA MAIL, WEDNESDAY, APRIL 11, 1951.

London Change Wariness

London, Apr, 10. Budget wariness kept the Stock Exchange qulet to- _day_with_Cavernment -- funds gaining small frse.... flons in light trading. In- dustrials

mainly trero -

ADwyer.

lower.

Most Overseas

and their

were selosted quotations declined fro tionally. Exceptions were Japancso bonde, which gained up to 3/4 of a point on optimistio views of tho "Far"Eszterra" miferation,

Financial Times' Index: 122.0 - Associated Press.

SUPPLIES OF TUNGSTEN

R.I.L

BECOMING MATTER OF R. G.

ACUTE CONCERN

Washington, Apr. 10. ・・ -International supply and demand for tungsten -vital to the hard steel industries has become of acute concern to metals experts.

Tungsten is used to harden steel. It ranks with sulphur and manganese among the strategic commodities which currently most interest indus- trial policy-makers in this and other countries.

The United States normally has a large deficit in tungsten production and the biz are do

of posits in this

country are comparatively low grade. But foreign production has under gone a cyclical course, with a boom in war periods and a slump

GRIM CROP Ceilings

-to-Yokohama & Kobe 18th-A PROSPECTS Placed On

CIE_DES_MESSAGERIES MARITIMES

:

Tel. 26661 (Threo Lines)

MAERSK LINE

· FAST FORTNIGHTLY SERVICE TO:

HONGKONG

SHARE MARKET

ذر

More interest was shown on

the Hongkong Stock Exchange

this morning, when the volume

of business during the moming session totalled $280,542.50. Noon prices

HHARKS DUTERS SELLERS HALES BANKS

HK Bank.. 1343 1300 20 @ 1500 40 @ 1949

CAL

ME The wide range of INSURANCES

costs in many mining further confuses the

FOR WHEAT Bunker Fuel long-term outlook

Washington, Apr. 10. The United States' wheat crop suffered badly during the early part of this

according to year, details published by the Agriculture Department today.

The Department puts prob- ablo produetion at 728,500,000

Washington, Apr. 10.

The Government today set pelling prices on conl used as bunker fual for ships.

A Price official said this will assure uninterrupted transpor- tation

of Orms

and military

supplies.

The new ceiling price order, issued by the Office of Price Stabilisation (OPS) is effective

onoc, at

|

Dont Alw

Canton t Vodon

SHIPPING

101

14-1355 35 1365

713 728 123 4 720

Asia Nav.. DOCKS, ETC.. N, P. Wharf S'ha Dock. 2.00

JUK Hodel... 6.00 UTILITIES

5.05

1500 @ 90c

ROYAL INTEROCEAN

SINGAPORE YAVA

PORT and

MACASSAR

"TJMODAS" “YAN REUTER=

"TJITJALENGKA”

“TJIWANGI"-

ARRIVALS

11th Apr.

13th Apr.

with Apr.

11th May

only to Singapore, Penang & B. DoLL,

MANILA, EAST & SOUTH AFRICA and

SOUTH AMERICA

"STRAAT SOENDA”

TEGELBERG" **T-JIMENTENG"

JAPAN “TEGELBERG” **TJMODAS” "TJIMENTENG”

+ vis Manila.

500 500 Agents:

Thon..... 1144 1132 2100 @ 1135 Star Ferry

7314

•

C. Light (0)

0,00 200 @ 4

C. Light (N) 3.44

C. Light (B) 5.50 Electric

23 2344 174 6. ZAV

Telephone.. 10 101 1000 @. 10% INDUSTRIALS

United States tungsten mines would like to supply a larger pant of domestic demand,, but the swiftly expanding stoel in LAND, ETC. dustry look to many foreign sources for its increased requiro- menta.

Axis Competition of the powers with the Western Allico for tungsten supplice was one of the dramatic highlights in the economic phase of World War II. In the current emergency bushels compared with 899,100,-eat Lakes

Bunker fual is sold on the the Government moved quickly

and at Atlantic, to assure tungsten supply. 000 estimated Jast December,

Watson The United States was able to The average production over Facile and Gulf poris. Prices

have been frozen under the increase ita tungsten production

La Crowford 24 COTTONS bushels, but the area planted

Ewo has been greatly extended.

Reuter's

editor. Anancial Sydney Gampoll, comments:

"This low official estimate of the American winter crop is not good news for the world. This is one of the first and most important of the 1951

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, via 5 10-year period is 726,580,000 general celling price regulation) during World War II, due to the

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. "SALLY MAERSK”

M.S. "CORONA"

M.S.

"ANNA MAERSK”

Apr. 19 Apr. 30 May 15

May 8

May 19

May 80

For Freights and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Pedder Building

PENINSULAR

SEPARABIT

Tel. Nos. 26661-8.

now

years, en-

Coment...., 2012 STORES, ETC.

Daley XD. 111

.... 109%

12 300 @ 11

200 @ 25

2.00

wheat highest price he charged for any duction and larger exploitation Grain Prices

cropy. The Department

Agriculture forecast is actually below last year's mediocre crop of 751,000,000 bustiels.

"At a time when Europe's waterlogged and India and many other countries States are relying on United wheat, the cut in the crop pros

crops

UTC

pect is a misfortune".---Reuter.

Slow Trading On Cotton Market

New York, Apr. 10. New crop cotton futures faltered after a steady opening but old crop May delivery was & ORIENTAL tight to, the celling price. Most

STEAM NAVIGATION COMPANY

R. M. S. "CORFU"

SAILS:

NOTICE TO PASSENGERS

BAGGAGE:

FRIDAY the 18TH APRIL at NOON for the UNITED KINGDOM via Straits, Colombo, Bombay, Aden and Port Said.

of Jan. 20.

discovery of important Under the

tho OPS order

mines In pre-war bunker fuel supplier computes his celling price based on the Couragement of small-scale pro- of low-grade ares. California,: North Carolina and Nevada become the chief mining States.

given type of coal sold during the base period July 1, 1940, through July 30, 1948.

To thin he is allowed to add increased costs of the coal.

sociated Press.

FROM CHINA

tungsten In Chicago

The demand for tungsten

2.40

2.48--14

240-2.474

After the bunker fuel suppler

Chicago, Apr. 10. completes this figure, he then declined in 1949, when there

Prices of grain futures closed determines his operating mar- was a 44 per cent drop in con- here today as follows: gin in the base period. Assumption of tungsten concen- Wheat price per bushel.

trate, with the result that many Spot of the United States mines shut

May July down or decreased their pro- September duction.

December Bureau of Mine statistics for Spot

Corn 1949 the last year available May showed United States production July

U.S. Wants

Lifting Of Restrictions

of tungsten ores and concentrates September (in terms of contained tungsten)

December

Дуе

at 3,896,004 pounds compared to May July 4,033,339 in previous year,

Osts Imports of tungsten were

May 0,274,102 pounds against July

7,548.101

Asis.

2.49-4- 2.33-44-14

101-15

1.84-7-

1.82

1,71-34-4

1.90-1-52

1.00-1

03-16-1

30-4

Bonn, Apr. 10.

New York Flour-per 200 lb. mek. The U. S. will press Britain

chiefly China, supplied $13.20-United Press. and France to scrap all limita- 88 per cent of the total imports tions on West German steel and in 1049, nine per cent.more than other strategic industries by the in 1948. Imports from South end of 1931, a high American America, chictly Bolivia, declin- official cald today.

ed 77 per cent from 1918 to 1849. He said the U. S. will insist-United Press. that German industry be allowed

tern defenco. and German covery. By hie account:

re

action occurred in mid-after-to produce to the limit for Wes noon, when reports of beneficial Texas rains over the Central sections louched off a wave of offerings.

dustrial controls,

These are obsolete in view of Western pledges to grant the West German sovereignty and the

need to mobilize growing r German Industriai power behind

The US. plans to call for a Trading was slow and in the autumn, of all remaining in- three power review, probably in gular. Ring observers estimated that between 44,000 and 50,000 bales are wanted by mills and other trade interests in the spot month. They expected the tight situation to continue as the spot month works up to the Brst notice day on April 25.

The market opened unchanged to points higher. The list was down 17 to 38 points from the highs in the afternoon, then it rallied haltingly at the close to finish off 17 to 19 points.

Prices closed today follows:-

Spot May

October

May

1.3

46,06 nominal 45.30 bid

44.0z nominal 30.63

39.70

38.60 nominal

ALL passengers baggage must be July sent to the Hongkong & Kowloon December Wharf Co.'s Godown at NO. 2 GATE, March (12) CANTON ROAD ENTRANCE by July NOON on THURSDAY the 12TH NEW ORLEANS MARKET APRIL.

Пров

July

SPECIAL NOTE: With the exception of hand packages May

carried by passengers themselves, October ALL BAGGAGE must pass through December

March (1952) the Wharf Co.'s Godown for loading May July on board by ship's slings only.

EMBARKATION: Will take place on FRIDAY the 18TH

April 10.

44.91

Wall Street Registers Declines

TIN MARKET STEADINESS

London, Apr. 10.

continued The tin market steady at the morning session. Turnover was 55 tons, includ ing 10 tons for spot.

Prices closed today at the end of the official morning session

as follows:-

Spot tin, buigers

Spot mollerp

·Business done.at.

New York, Apr. 10. Three-months tin, Backwardness in rails today Three-months th the Western defence programme. kept the mock muket anchored Bu Industrial expansion in many to the losing side. The market Settlement. fields is being blocked by Allled vainly attempted to get ahead orders-Associated Press.

Rupee Rumours

Laid To Rest

New Delhi, Apr. 10.

most of the day, was made

and progress spina sections,

1.308

1510

1,303,

1,340

wellers

1,245

1.340 1,500

United Prese

but closing prices fell away New York Sugar

most all around. Both losses

and gains were small

Transfers totaled 1,289,000

shares; 317 isquice closed algher and 508 declined.

Among stumblers

Futures

New York, Apr. 10.

furiures closed. World sugar were

today unchanged to 6 Northern Pacific, Baltimore and here Ohio, Loews, Consolidated Cop-points lower, with sales totalling

Mines, Dow Chenilcal, 75 contracts. present, India's Finance Mini-American Woollen, Lockerad

It would not be in India's

at

ter. Sir Chintaman Deshmukh,

Jons Averages. Dow Stocks

20 Industriais

Q Contract No. closed 9 podists lower, with sales totalling 9219 332 contracts, 250.42 Prices closed as followE; Contract No. 4 (world) 82.18 42.44 May July Associated Press,

September Bpot

15 Railroads

30.41 nominai

30.03 nominal United PresY,

told Parliament today.

Closing rate

Rumours that the Indian

rupee might be revalued

have

46.35 bid 46.58

30.40-39,43

been circulating in the country her recently. India devalued currency with the olber sterling

10 Utilities

38.39 bid

3.38 bid

33 per

33.07-30,69 countries in September, 1949 by

37.00 bid

--United Frem.

per cent in relation to the United States dollar,

Sir Chintaman Deshmukh, who was replying to a debate raised by the Budget demand

Japanese Bonds Appreciate

for Ministry, said Japanese bonde

APRIL between 3.30 am and 11 am. The Rubber a grant to his Government

Rayon Consumption Increase In US

Washington, Apr. 10. The Agriculture Department's research administra tion reported that rayon has surpassed all other fibres in upward percentage trend of United States consumption during the last 37 years. Other new synthetic fibres are gaining in production and commerce.

Markets

London, Apr, 10,

*** (4% at 1910)

"D" (5% of 1934) "EY (530, of 1930)

and Reservo Bank experts a. 15 a. 15

per

cent revaluation would pro- bably involve deficit in India's balance of payments of about Consols

20 per 297,000,000, while a London, Apr. 10.

cent revaluation might push up

Hon,

Beptember

Spot

5.40 bid

1.44 hid

8.44 bil

5.45

Contract No.

3.23 bid 8.46 k

Exchange

6A5 traded

1.80

United Pron.

Rates

8041

3,20

20.00

1.775

15.70

Bustom was dans in, the local

mrket 473% | unottelal' exchange United Paya

morning at the following ratos!--*

14 New York, Apr. 10. Starting “nato: (per : @) Prices of rubber futures

Japanese bonds were mixed US dollars (pår 43) closed here, today as follows this deficit to over £100 mill in the dolle bond section to po 1001

Indonesia iliders (per 100) day,

Great Consolidated. Ieo-Singapore (Strutta),

stron_(per" "109) and the sevens added one, while Tokyo City 50, gained, too,

The Japan 548. lost 11% und the 63, dropped one, Orfent

| Number: 1 rubber in conta

per lb. May June

July/September October/December

"

53114-** "If we do not revalue, Wo

68-60 shall probably hold things tric Power 81⁄448. mined three

Be Selit square," he added. Reuter,

United Pros SINGAPORE MARKET

Singapore, Apr. 10. Prices of rubber futures loved here today as follows- Number 1 rubber, per Ib.

April My Juno Number 3

April Number

April Number April

An analysis of "trends ing only 64 percent of total con

of fibres in consumption

the sumption in 1948, United States from 1802 · to United States mills con- 1948", said that the use of rayon | sumption of other übren in 1948 increased from 2,100,000 pounds was: wool, 10 per cent; rayon, in 1911, the Brut your of sandy 10. Der Conti tim byhole Shakur production, to 1,149,000 pounds thrs, fax, and

one per Black crepe in 1048

cent or less cach, Jute, two per No. 1 pela

200-300) 197-100

rubber,

rubber.

1905-1913%

*181-182 170.177

152-154 220-230 **United Press.

Oils

Control

Eased

-Washington, Apr. 10.5%

The Government today eased

Ita prico-calling order on Lats

Development Sixes lost, a major

fmelion,--Associated. Press.

Exchanges In NY

New York Apr. 10, Closing foreign exchange Canadia

94.504 Others

vero

TEXTILE MARKET Acated From

STEADY

Now York, Apr. 10, ..

The cotton textile market was

and oils to permit premium stenty

Re-sale offerings of

30320436 payments for certain types of print cloths at recent low lovela fallow und in soap-making." dried up, with prices quoted order permits around 20 cents a yard for the prevlaod premlin payments of to popular 80-aqueo print cloth cepta a pound for tallow of a trees had recently been crow Hired Eight coloursociated Other, motions of the market

hevor WOOL MARKET a.ity whieh bisachts to a do- tios at around 20 conts a yord:

Home O krmount

In 1948, iron represented cent; hard abres, alx per cent 10.4 percent of all raw Ebre

Although consumed in the United States. Rayon has been used in larger competed more than two per-

coot of the

the total mi cueuing

importanós: bo

+ Question Shan any other abrement of a bros, It had been of

cotton during each year

conákdorable sinoo. 1987, except in the war CARS OF 1 monaiary value, Year:1941-1949, when the Agricultural research und der temporarily passed by wool kea ministrations waldai-United Fres

United!" Blator" teattle rhilla" mótadaption, "of "cotton" £m" #LITI

LIVENS UP

Apr 10,

Pressuposta were col., 1000hr anzrket wAS:|

Dutch-Japanese with the underbon stondier

Trade Pact

quiet. Rayon goods were quiet,

Asociated Produ

ankTM Quotations

ARRIVALS

In Port ..In Port

8th May ARRIVALS

LINES

SAILINGS

10th Apr. 1st May

17th May,

SAILINGS

11th Apr..

13th May

SAILINGS

11th May

11th Apr.†

18th Apr.

11th May

HOLLAND EAST ASIA LINE

and MALAYA

SAILINGS

EUROPE via MANILA

ARRIVALS

17th Apr.

..16th May

Mid, Juno

"ALMKERK”

"LANGLEESCOT"

"ARENDSKERK”.

Through B/L femted to Mediterranean and Northern European Ports.

• JAPAN

“ALMKERK” "LANGLEESCOT"

18th Apr, Mid. May

ARRIVALS 17th Apr. ..Mid. May

Alld. Jung

SAILINGS

20th Apr.

24th May

+ via Manila,

"ARENDİKERK”

KINGS BUILDINGSTELEPHONESTIRIJED 201

PRADINIS AGENTSE BE CONS

S.S. "LAURE PATTISON"

Direct for

PUSAN

LOADING THE 11th APRIL

SAILING THE 13th APRIL

For Freight and Particulars, please

apply to

PATTISON ORIENT LINE, LTD.

12-14 Queen's Road C., 4th Floor.

Tel. 25346

or Chinese Agents:

OVERSEA CHINESE STEAMSHIP COMPANY, LTD.

48 Bonham Strand West, 1st Floor.

Tels. 26127 & 81119.

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