1951-04-13 — Page 9

THE CHINA MAIL, FRIDAY, APRIL 18, 1951.

MESSAGERIES MARITIMES Stockpile App INDUSTRIAL EXPANSION

M

"LES GLAHRES"

ARRIVALS

from Europe

SAILINGS

M

PASSENGER/FREIGHT SERVICE.

""LA MARBKILLAISE” "LA MARSEILLAISE" "FELIX BOUSSEL"

""OUT DORISH"

"BREST"

"BAINT VALEHY"

}

lat May

6th May to Japan via Manila .. to Marseilles via Manila 10th Biay 23rd June to Marseiller

FREIGHT SERVICE

..N. Africa & Europe 8th May

N. Africa & Europe 14th May. ..N. Africa & Europe 23rd May for

PORT SAID, TUNIS, MARSEILLES, ALGIERS, ORAŃ, TANGIEL, CASABLANCA, HAVRE, DUNKIRK, ANTWERP & ROTTERDAM,

"BREST"

te Yokotama & Kobe 15th Apr. CIE DES MESSAGERIES MARITIMES Tel. 26651 (Three Lines) Queen's Building

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

Completed

Washington, Apr. 12. Mr Jess Larson, head of the Government's General Services Administration

Senate, committoo

today that his Agency is

nearing its goal of a rubbor stockpile sufficient to ans talà à five-year war.

Пе vigorously opposed 'demands for an early end of Government controls du the use of rubber; however, -Associated Press.

Talks On New Trade Agreement

New Delhi, Apr. 12. A fresh trade agreement between India and Japan

IN AMERICA AFFECTS TRADING BALANCE

Washington, Apr. 12.

The vast new industrial expansion programme brought United States' foreign trade near a balance in 1950, the Commerce Department said today.

In reviewing last year's trade figures, the Department said a slump in exports and a remark- able increase in imports combined to produce the

change.

The Department said many factors were involved but the most important one was that an expansion in indus- trial output was again taking place in the United States:

During the year, United! Stales export shipments fell 15 per cent to $10,275,000,000 while miports reced upward 34 per cent to $8,342,000,000. The ex- port surplus of $1,433,000,000 25 ecat amounted to only of the balance in 1949 and was the amallest recorded since

per

is at present being nogo 1940. During August and Octo-

Wall St. Recovers

tiated in Tokyo, according bey, imports actually exceeded From Slump

to D. P. Karmarker, De- exports. puty Commerce and In- dustry Minister.

Among the influences contri-

New York, Apr. 12. birting to the change, the De-

In a strong forward move. partraent

were foreign said,

ment the stock market today Mr Kamaricar told Parliament currency revaluations, rising mado gning runcing US$3 that India's trade relations with demand and prices for imperts:

a share among the leaders the Japan were

a sharp decline in governed by the and

The ccasion was notable for Western one-year agreement entered into United States aid to

the wide distribution of the between Japan and certain stor. Europe and the Far East

advance and the manner In ling Drea countries, including

which it stepped higher hour india.

by hour.

Oils topped the list with the biggest plus

signs. Not far air lines, rubber, railroads, steds, and some chemicals.

The bounce in the market than recovered the less MOTE yesterday in the slump follow- dismissal of General ing the Douglas MacArthur by per

sident Harry Truman.

Transfers totalled 1,530,000 shares.

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, via | trade with Japan was £21,000,- | oil, rubber and wool following behind were radio televisions,

SAN FRANCISCO, LOS ANGELES and PANAMA.

Approximate value of India's 000, he said, of which imports amounted to £12,500,000 and exports £8,500,000.

On a dollar basis, coffee led ali other United States imports during the year with ores, paper, in that order.

Western Hemisphere The countrica received 47 per cent These figures were likely to of the total U.S. exports in be revised under the proposed 1950, more than in any other new agreement being discussed year. Latin America represented per in Tokyo. As a matter of po-27 per cent and Canada 20 licy, the spokesman said, India cent of this total The Western will not allow, the import of Hemisphere also supplied about Japanese toys, except "scien- three-fifths of all US. Importe tife" ones, nor allow the ex-during the post-war period, port of scrap iron and steel. providing 57 per cent in 1950,

compared with 60 in 1940, India plans to Import 500,000 tons of iron and steel during 1951 but It WIS doubtful whether she would be able to

NEXT SAILINGS

M.S. "TREIN, MAERSK"

M.S. "PETER MAERSK"

M.S. "LEXA MAERSK"

Apr. 19 Apr. 30 May 15

ARRIVALS from U.S.A.

M.S. SALLY MAERSK"

M.S. "CORONA”

M.S. "ANNA MAERSK”

May 8 May 19 May 30

The biggest galos

were

BIGGEST GAINS

For Freights and Further Particulars please apply to get even a half of it, a Govern-registered in crude rubber and

AGENTS:

JEBSEN & CO.

Pedder Building

Tel. Nos. 26661-8.

S.S. "LAURE PATTISON"

Direct for

PUSAN

LOADING THE 12th APRIL SAILING THE 14th 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 & 31119.

Rayon Yarn

•

Shipments'

Big Rise

:

New York, Apr. 12. Shipments of TTO ya and staple in March' rose to 112,200,000 pounds, an increase of 12 percent over February, the Rayon Organ, a statistical bulletin of the Textile Eco in Dureau, reported today.

Trading

In Cotton

Stagnant

ment spokesman Parliament,

revealed

Pre-

Six hundred and sixty-six Issues advanced

de- and 218

clined. All of the 16 most

active stocks advanced.

Dw Jones Averages: Stocks

HONGKONG SHARE MARKET

Business transacted at-this morning's session of the Hong- kong Stock Exchange totalled $200,803.50. Noon closing prices: SHARES DUYERS SELLERS DALES BANKS

15:00

*}C Bank

INSURANCEng

Union Underwriters SHOPPING

Asia Not...

DOCKS, ETC,

650

K. Wharf XD 74 N. Pt. Wharf Provident XD 10.30 Shal Dock .. 2.20 Wheelock ... LAND, ETC.

8.10

20

730

531⁄2 5.70 2000 3.00

HK Hotel HK Lond S'ha Land Humphreys. 7

UTILATIES

Trom

Star Forry..

1.10 1.40

12 12,40 1000

* Light (0) 6.10 0.38

C. Light (N) 34

C. Light (D) 5.80 3.00

Electria.... 2334 241

1014

21 1134

Telephone INDUSTRIALS

Cement STORES, ETC.

Roge

*** 2234 193 Dedry XD 17.00 12.80

--

Watson

2.00

Ewo

CO4999

5 $388

92.55 LONDON TIN

261,00

Among gainers were St Regis Paper, United Airlines, Sinclair Oil, Burroughs Adding Machine, COTTONS

Northern American Airlines, tin from Malaya, rubber from Pacific, Gulf Mobile and Ohio, in

Indonesia, pepper and tea from Firestone Rubber. India, tea and rubber from Cey- The spokesman said imports on, raw aflk, textile manufac of iron and steel from European tures and metals from Japan, countries

85 per bristles, tung oil, and raw wool represented

to from China and raw wool from 'cent in 1050 and amounted 230,000 tons. Since the Korean Australia and New Zealand war, he added, prices had creased by 80 per cent in United States, 100 per cent Japan and 25 per cent to per cent in the United King-| dom and the Continent,

In-

the

The value of rubber imports in jumped from $183,000,000 to $389,000,000 in the most specta- cular change.

80

Exporta to China slumped from $82,700,000 to $38,300,000 climbed during 1050. Imports from $108,400,000 to $145,800,-

000.

Steps were being taken to increase the production of iron and steel in this country but the Government had no funds at present to set up steel plants.

Shipments to Japan dropped It depended upon the exient slightly, $487,500,000 to $416,- of foreign capital available for 200,000, but imperts soared to the purpose. When financen $132,000,000.

avaliable, it was planned to set up the first Government! steel plant in Madhya Pradesh East dropped off 28 percent of (Central Provinces). United all shipment. Press.

| $1,401,000,000.-United Press,

became

War System To Return

All in all, exports to the Far

They

totalled

20 Industrials 15 Railroads 10 Utilities

82.58 42.30

-Associated Press.

EASIER

London, Apr. 12, The tip market was easier to- was 100 tons, including 25 tons for spot.

Weekly Bank day. Turnover

Statements

Prices s'osed today at the end morning session

of the official as follows: Spat tin, buyers Epat tin, buyers Business done, at state-Three-months un,

12.

London, Apr. The Bank of England ment for the week ending April 11 reads as follows: Notes in circulation

Sterling

Public deposits Private diposit Government securities other securities Receipis Bank ratio

1,318,343,000

30,389,000

303,768,000

362,121,000

buyers Three-months tin.

mellers Ifusiness done at Settlement

R.I.L.

ROYAL

INTEROCEAN

SINGAPORE JAVA PORT and MACASSAR

"VAN HEUTSZ" *

"TJITJALENGKA”

"TJIWANGI"

ARRIVALS

In Port

.27th Apr,

11th May

↓ only to Singaporë, Penang & V. Dell.

MANILA, EAST & SOUTH AFRICA and

SOUTH AMERICA

**TEGELBERG" -

*TJIMENTENG" "TJIKAMPEĶ”

JAPAN "TEGELBERG" "TJIBODAS" "TJIMENTENG”

"TJIKAMPEK"

ARRIVALS

8th May

. 20th May

“ARRIVALS

.11th May

LINES

SAILINGS

20th Apr. 1st May

17th May

SAILINGS

18th May

“SAILINGS"

In Port

14th Apr. 11th May

22nd May

Agents: HOLLAND EAST ASIA LINE

EUROPE via MANILA

and MALAYA

"ALMEERE"

"LANGLEESCOT"

"ARENDSKERK”

Through B/L fasted Mediterranean and Northern European Ports.

ARRIVALS

SAILINGS

18th Apr. 18th May

22nd Apr. Mid. May

Mid. Juno

ARRIVALS

JAPAN "ALMKERK" + "LANGLEEBCOT" ↑ "ARENDSKENK" +

SAILINGS

21st Apr.

.Mid. Jung

24th May

20th Apr. Aid. May

via Manila,

KING'S BÜHLDINGSTELLPHONESËRIMIZIOS PRO17:

RECONNABERO ŽRALO, CHESUKONG, USEFLE

Schuman Plan Signing. Expected Next Week

Paris, Apr. 12.

The Foreign Ministers of the six Schuman Plan countries met at the French Foreign Office to day to conclude negotiations for the European coal and steel pool.

The Ministers were M. Robert Schuman, of France, Dr Konrad Adenauer, of West Germany, Count Carlo Sforza, of Italy, M.Paul Van Zeeland, of Belgium, Dr Dirk Stikker, of Holland, and M. 20-140 Joseph Beck, of Luxembourg.

1,235

1,200

1,210

1200-1.105 1,250 United Press. Washington, Apr. 12. 37,136,000

The R.F.C. today marked down 33,010,000

7.8 the price of tin 81⁄2 cents to $1.47 per pound.-United Press.

United Press.

BANK OF FRANCE

Paris, Apr. 12.

The Bank of France-state- ment for the week ending April

Profit-Taking geld holding

In London

Washington, Apr. 12.

London, Apr. 12. today an- The Government

Profit-taking after the first nounced its decision to resume, optimistic burst of post-budget World War II buying depressed some sections on July 1, ita syalem of doling out scaron | of the London Stock Exchange materials to military and

de-today. fence supporting industries,

Gold shares were lower and

were minus Materials there

signs in The "Controlled Plan." familiar to industry as many parts of the industrial "CMP", will guarantee the de Let. British Government bonds under pressure, some livery of the three basic muni- were tions metalsateel, copper and shedding half a point. aluminium-o defence factories Rubber and tin issues im- and vital behind-the-lines dustries

5 reads as follows: Total

FM.

Total of other cur-

rencies

Sight balanco abroad Advance to currency stabilisation fund Blits discounted in France and abroad

circula Notes tion current arounts &

deposits

107,704,771,240.

3,620,047,420 193,904,740,004

138,500,000,000

The heads of the delegations who negotiated the draft treaty were also present. The talks are private. They are expected to end with the signing of the treaty next week.

Members of the French and German delegations anticipated | no dieullies,

Pepper Market no question of the treaty being

Easier

New York, Apr. 12. The pepper market remained extremely quiet and caster in

106,800.151,023

The

United Press.

Korean

Drop In Wooling dealers indicated a nominal

Prices

of $1.03 a pound for spot-United Press.

Mr Schuman said: "There is signed on Saturday, as certain reports have said. It may be signed on Tuesday or later dur

ing the course week."

of the next

OFFICIAL COMMUNIQUE

Paris, Apr. 12.

British

Investments

---India-

In

New Delhi, Apr. 12. The United Kingdom Whi

tho.

the only foreign entry which had invested capital to Indian textile industry. Commenting on today's French 392,100,402,100 tone, influenced by the lack of inter-Ministerial conference, he

This revelation was made in 1,009,271,807,570 | buying Interest and the inter-said: "We have reviewed our tho Indian Parliament by

national political uncertainties.

all points position on

which Commerce and Industry -Minis-- possibility of a new will be discussed definitely by ter H.K. Mahatab who added

peace move kept the six Ministers' conference.“---- traders on the sidelines. Lead-Reuter,

that the foreign Investment amounted to Rs.60,500,000, Mülls owned by British nặ...... tionals, he said, had an output The Foreign Ministers of the of 181,000,000 pounds of yoru six Schuman Plan countries representing 15.4 per cent and

reaffirmed that their 301,000,000 yards of cloth re present conference was intended presenting 8.2 per cent of the to result in the signing of the total output in India in 1950, Schuman Pian treaty.

The Minister further reveal- They made the declaration in ed that four main oil companies

official communique which 3650 added that tomorrow's meeting operated in India with a total net investment of Rs.210,000 --- 178 would discuss various questions 000. Two of them were Bellish 13.80 including that of the composition and two American.

of the High Authority.

which will control the European coal- steel pool

Capetown, Apr. 12. Wool dropped an over-

in- proved and coppers were firm age of 15 per cent at the Cape Exchange Rates y

offerings "with" Buster was done in the local

Japanese bonds

15.00

-3.80

off town wool sales today with az wero

unofficial exchange market this What's left will go into divi- sharply. The 1907s closed at 58, per chat of the

morning at the following rates:- Kan goods, The CMP

will down 1; the 19108 at 42, drawn from the sales.

Farmers blamed the decline | Stertria, nota^^(Der. (2) provide no allocation for autos, down 14, and the 1930s at 79,

on a "forced slump" caused by U9, dollars (per $2} and the like down 1. refrigerators

withdrawal from: Indonesia guliders (per 100)

"Blum Licale" (per 1007. Financial Times Index: 1247. the U. 6. These industries will buy the

bidding competition to furce singapore (Biralis) "free" supplics-but they will-Associated Press.

prloes down-Associated Press (FTC), plastron (per 100) remain under present control. -Associated Press,

New York Sugar Futures

New York, Apr. 12.

backed Catton prices today and filled over a range of a dollar a bale in slow dealing.

Now York, Apr. 13. Traders said it was the quietest

Domestic mugår futures No, 0 session since the resumption of businoso 01 March 6. The closed three to eight lower. volume for the day was estimat-May ed at around 60,000 bales

Septembert

5.13 nominal 5.40 5.51 "

Grain Prices In Chicago

Chicago, Apr. 12. ¡Prices of grain futures closed here, today as follows: |wheat-price per bushel.

World magar futures No, 4 July

situation, along with the news from the drygoods trade and sur

March; dipamonta proved the Attention on the political closed unchanged to one higher. September, third highest on record, being exceeded only by the 110,300 900 pounds shipped in Decem ber: 1050 and 112,700,000 pounds in August 1950,

The shipment included 29,- 400,000 pounds of viscose cupra yra plus $2,800,000 pounds of Vacoon · blak, fudacity

March

of the Southern mill workers' May the possibility of a settlement Beptember

ktrike, te obscured interest In naw sugar spot trop developments.

The market / opened up. 8 points to off one point and closed 6 higher to 3 points 28,800,000 AUD 200 000, POUDAR

acetate Ala- lower. Prices closed today as

follows: Spot. of acetato simple phd 10 May July

ment ya

pounds of Thorn simple. wvial" vieccati, slapio, and textile October

to 48,100,000 December pounds and potato 88,500,000 March, (1963). pounds.

At the

anent Farm lathe hands of pro-] NEW ONLI Moere- remained at a nominal

Laval of 9,200,000 pounds, com- pared with 10,800,000 pounde

40.00

43.39 bid 44.75

Вроф

2.434-14 249 350-1 2.0314-41

8.43

8.45

8.44 blá

6.07 nomina) | Mag

8.04 nominal duly 1825 nominal September ated Press. December

1.73

Bank Quotations

May Buy

A New York, Apr. 12, 130New Bor Closing bunk quotationes. IS, DE MER,DO- Bank:'of-Amtirion

Nujional City

ᏥᎥ

Wool Substitutes Make Appearance

Sydney, Apr. 12.

Wool substitutes are appearing in Australia at the same time that vast fortunes 'áre being made bo- cause of the record prices of raw wool.

West Germany's Chancellor, Dr Konrad Adenauer, were д bread smile as he left the French Foreign Ofce after a 70-minute private talk with the French Foreign Minister, M. Robert Schuman founder of the Plan.

Dr Adenauer told reporters, The atmosphere was good".

The treaty talks are private.

The total imports of major petroleum products in 1900 were approximately 2,940,000 tons-United Press.

Colombo Plan Contribution

Colombo, Apr. 12 Ceylon's contribution to Tho Colombo Flan for South, and South-East Asian. development About 30 minutes before the will be 1,772,000 rupees a year Foreign Ministers meeting bo- for three years the Finance police dispersed Minister, Mr. J. K. Jayawardane, gn today about a dozen young students told the House of Representa who marched past the Foreign tives, today. Office carrying copies of a Royalist pamphlet protecting

"coRiboration” Re

Long regarded with disdain and disbelief by the. wood industry, wool substitutes received front-page stories whon announcement in London was made of 'Ardil, a mixture of wool, and peanut fibre, to be used in wool yardage at one-sixth the present price of wool

The same day the Sydney of the "Wash Rug", because of against Morang Herald ran a feature scarcity and high price of wool [ter story::on Nylanos/anking blankets. wol made of art got its no

From the on sale in a Sydney deparunant.

sobipacks and Valenshitsujendt er strade, sione

Kaas blankets by swagged in the out that Riverina, and came into vos

|sharingsuthe "depromion,"

13 The Herald pointed the

nylon, yarn, sith {za, cerita am danso

bid

SPORE RUBBER SLUMP

aktins to adue

Singapore, ĽApr. 13/ Rübber mos din apriete restée: 005). Des sa

Bonds Up

[and]

the Herald.

depre

DRA

Sulphur Plan

The Campoocwealth Forela Ministers, meeting here January, 1950, initiated the six- yeur £1,800, million technical' assistance, scheme

The Minister old today t Ceylon's contributions (would be spent on the establishment New Delhi, Apr. 12; training centros in the Dominterr The Indian Government, was for co-operativa examining this trucation of development Which manufacturing sulphur: from krpam, Clovernment, spokes- man told Parliament,prit Exch (grb) The Champica) ManufactureTIA #Dont me. Conference, recently held there had suggested that a factory.

wet up to remove the excerent sume certainty in the fald of beavy.