1951-04-17 — Page 9

Page

MESSAGERIES

M

LES GLIERES"

ARRIVALS

from Europe

SAILINGS

THE CHINA MAIL, TUESDAY, APRIL 17, 1951.

MARITIMES Rumours Affect

M

PASSENGER/FREIGHT SERVICE

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

"CDT DORISE"

"BREST"

SAINT VALERY"

to Japan via Manila to Marnollies vía Maniis to Marseilles

FREIGHT. SERVICE

1st May

6th May

19th May

23rd June

.N. Africa & Europe 8th May N. Africa & Europe 14th May ..N. Africa & Europe 23rd May

for

PORT SAID, TUNIS, MARSEILLES, ALGIERS, ORAN, TANGIER, CASABLANCA, HAYRE. DUNKIRK, ANTWERP & ROTTERDAM,

CIE DES MESsageries MARITIMES Queen's Building

Tel. 26651 (Thres Lines)

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, vis

BAN FRANCISCO, LOS ANGELES AND PANAMA.

NEXT SAILINGS

M.S. "TREIN MAERSK"

M.S. "PETER MAERSK"

M.S. "LEXA MAERSK"

M.S. "SALLY MAERSK”

M.S. "CORONA”

M.S. "ANNA MAERSK"

ARRIVALS FROM U.S.A.

Apr. 19

Apr. 80

May 16

May 3

May 19 May 30

Exchange

London, Apr, 16. Industrial Ismes sireng. thened 02 the London Stock Exchango today sa buyer's sought good-class shares as a hedge against Inflation, Lending shares In textile, motors and clcc- trial groups showed gains of two to three shillings,

Government bonds lost ground. There was persist- ent selling following

behind the porta of a scenes struggle for power In the Labour government of the death na a result

re-

of former Foreign Secretary Ernest Bevin.

The

Times' Financial Daily index: 127.7, a new 1951 high. Associated Press

-

of

Price Of Rubber Too High

Kuala Lumpur,

Apr. 16. Most rubber producers in Malaya agree that the present price of rubber is too high, according to the annual report of United Planting Associa- tion of Malaya, published today.

tho

UK

TRADING BALANCE

I

SHOWS DETERIORATION R. L.

DURING MARCH

London, Apr. 16.

Britain's balance of trade deteriorated grave- ly last month, imports exceeding exports by £96 million, according to official figures published here today.

The difference for the whole January-March quarter was £235 million, These figures allowed for re-exports.

Imports in March sonrod to £303 million, which

was £6 million above the record Jan- £86 million uary figure and above the 1950 month average. Exports in March were £190 million, which was £5 million below

the average of January £9 and February And only million above the 1950 monthly average.

In 1950 the excess of im- ports averaged only £07 million per quarter.

The official figures may ex- nggerate the

HONGKONG

SHARE

MARKET

Trading OR the Hongkong Stock Exchange this morning

only position because totalled

$81,330.40 in value, Noon closing prices:- SHARKS BUYERS SELLERS BALES MANKS

HK Bank ....... 1310 1305 East Asian

101

as Import costs roar so do Bri- tain's Invisible earnings, which are reported only belatedly.

But the deterioration is serious,

TRUE DEFICIT On a reasonable estirnate of invisible

exports Britain may have had a true defleit at the £200 million rate of roughly

A

INSURANCES

Undon ......12715

Underwriters

SHIPPING

Asta Nav...

1 year during the last quarter

of well over } DOCKS, ETC. and at the rate

£300 million a year in March.

Last

had a true year she surplus of £220 million.

It was known that the surplus; They consider It almost as

and harmful to the economy of the could not be maintained,

there would be some defeit High industry as a low price.

this year. price, the report said, has

But

had brought inflation and

the Government sent the cost of living up.

hope to keep down the defielt whole to £100 the for 1951 as a

The report referred to hoavy taxation of the industry's million for stockpiling-Reuter. exports, its heavy contribution to the defence of estates, re- grouping of labour and income tax.

Indirect taxation ment and

estate

on equip stores

was

For Freights and Further Particulars please apply to:-absorbing many of the benents

AGENTS:

JEBSEN & CO.

Pedder Building

Brisk Rally In Cotton

Futures

New York, Apr. 10. Cotton futures rallied briskly today after a shaky start, mov- ing up $1.50 a bale from the lows and holding most of the Week-end the close. gain al developments were considered mostly against the market.

day

Mill and other trade interests were unable to cover May com- mitments before the first notice "on"April 25, and shifted" some of their buying to July delivery.

The market opened up a to of 3 points. It closed 6 to 23 points higher, except far-off | October which closed off 30 points.

Prices closed here today as follows:-

Spot

Miny

July

October

40.00 43.30 bid 44.77

39.87-39.00

39.28-30.20

NEW ORLEANS MARKET

December

March (1052)

May

July

October

38.90 Hominal

30.70 -United Prega,

Closing rate

April 18.

44.91

43.39 bid

44.70

39.78

39.16

Spot

May

July

October

December

March (1052)

May

July

October

Tel. Nos. 26661-3,

Sale Records

Wool

Sydney, Apr. 16.

The average price of greasy wool sold at auction in Australia in March was 202,20 pence a pound, the NationaĮ Council of reported Wool-scaing Brokers today,

the Industry might have received

by the greatly increased price of rubber-Reuter.

SINGAPORE MARKET

Singapore, Apr. 16. Prices of rubber futures closed here today as follows

| Number 1 rubbor, per lb.

Apl

May

June

Number

ARP Test

Carried Out

In America

Sault Ste Marie, Apr. 10.

A test was staged by the Michigan office of civilian de- 10216-10315 fence in co-operation with the 100-101 Air Force and United States 10016-10715

Canadian 10635-1881 and rubber. April

civilian de- Number rubber, April 1015-182% tence officials today to deter Number 4 rubber April 17735-17015 Spot rubber, uabaled..

mine how quickly civilian de- 19035-19716 PANA Black crepe

2-4535-14712 fence organisations could get No. 1 pale crepe

205-213 into action. United Press. LONDON 'MARKET

London, Apr. 16. *Prices of rubber futures closed here today as follows:-

Number 1 rubber,

in cents per lb. May June

July/September October/December

About 900 air-raid wardens, rescue

medical personnel and

and auxiliary fremen and policemen went through their paces. Bright red flares show- 56-34-57-14 cd where bombs hit. 50-3-57-12 Withinu an hour first aid 50-14-34 stations were

caring for 54-34-34

"wounded." Medical 51-51-14

the

130

314

309

Whart KD

73

N. P. What 43% 5.10 1000 @ Shal, Dock Wheelock

5

2.00

9415

LAND, ETC,

HK Hotel..

Lad S'hat Lad Humphre

5.50

40

1.10

UTÍLATIES

Tran

Star Ferry

List (0) 6.06 0.25

C. Light (N)

C. Light (B.)

Electro 297 2414

Telephone

INDUSTRIALS

Content

Rope STORES,

Dalry XD Watson

1000

Industry In A Grave Position

London, Apr. 10. Mr Harold Wilson, Trade Minister, said today that Britain faced an "un- "Daralleled

industrial diy-

aster" if she did not get more raw materials, parti- cularly sulphur.

The defence programme would be la the "gravest danger" it bigger alloca- tions' of such metais AQ molybdenum (for harden- ing stock), tungsten, nickel, oopper and zino, were not forthcoming.

This depended on inter- national talks

new going on in Washington.

Mr Wilson was speaking in the House of Commons. --Reuter,

Wall Street Hit By Selling Wave

Cautious Mood. On Stock Market

New York, Apr. 16. Motors and aircraft stocks lod the stock market downward today in a late selling wave that; 550 brought small losses to al-

most every category.

11 0001 1211

600 13

12 12 700

14. Crawford 35

9meerg COTTONS

Ewa

2,00

1572

Prices were fractions to around US$1 lower, with substantial

selling

the final hour.

Rail stocks, leaders on the

1711 early advance, slipped to the

Steels

3.30 Josing side by fractions.

followed on the downward path. Volume was around 1,700,000 shares.

Human Rights Commission's

New President

In motors, Chrysler was down more than US$1. Standard Öll of Now Jersey also slumped a dollar.

Traders

-ROYAL INTEROCEAN LINES

VIMINUA

SINGAPORE JAVA PORT and MACASSAR

*VAN HEUT§Z” • **TJITJALENGKA” **TJIWANGI"

•

slo calling at

MANILA, EAST & SOUTH AFRICA and SOUTH AMERICA

"TEGELBERG" **TJIMENTENG” **TJIKAMPEK”

JAPAN

**TEGELBERG”

“TJIMENTENG" "TJIKAMPEK”.

ARRIVALS

In Port .28th Apr. 11th May Penang de Belawan

•

ARRIVALS

7th May .17th May

ARRIVALS

-11th May

SAILINGS

18th Apr. 1st May 17th May

Dell,

SAILINGS

13th May

SAILINGS

1014 MAY

19th May

Agents: HOLLAND EAST ASIA LINE

EUROPE via MANILA and MALAYA

"ALMIERE" "LANGLETSCOTT "ARENDSKERE”

Through B/L lasted to Mediterranean and Northern European Foris,

JAPAN

"ALMKERK” ↑ "LANGLEESCOT" + "ARENDSKERK”

+ via Manis,

ARRIVALS

-21st Apr. 18th May

ARRIVALS

20th Apr. 14th May

..Mid. Jung

SAILINGS

Find Apr. 16th May

Mid. Juno

SAILINGS

25th Apr.

24th May

KINGS=BULOSUSILLUTIONESZERBOLEDERNE

ZAMINDARARNOZRETONNAGRE HOMEZZIINGATIE

London Tea Market Resumes Trading After Eleven Years

London, Apr. 16.

The London tea market reopened after 11 years today in the jubilant atmosphere of a film premiere.

saw no serious or major setback in the softening. Some thought the softening in U.S. Government bonds might have started the selling.

Others attributed it to Un-

Cameras flashed in the cheerful, crowded the over certainty

foreign situation and possibilities of auction room on a seventh floor in Mincing Lane, new peace moves. An air of

Geneva, Apr. 18. caution wis evident in the in the heart of business London.

Willys Overland remained

block.

Elnce August, 1939.

Madame Hansa Mehta, Pread-market. dent of the All-India Women's

A burst of clapping greeted Conference and Indian delegate one of the gainers by a sum the elderly auctioneer, Mr H. B. to the United Nations Human margin after opening US$1.12 Yulile, as he mounted the Rights Commission, was today higher on sale of an 8,000-share rostrum to open the first auction six neighbouring Commission,

elected Second President of the teams from United Press, NEW YORK PRICE

communities

.to help. came New York, Apr, 16. About 200 persons, Orude rubber spot No. 1 rib-

victims, and shock Wool prices at auction in bed smoked sheets 66 nominal, tually processed by medical

and rescue teams. Sydney declined sharply since-Associated Press.

A realistic exercise was held the end of march,

This was the highest average on record, comparing with the previous high of 196.03 pence In in March February and 69.14- last year,

The total return from the

sole of Australian wool for nine Grain Prices bombs" were dropped

was

any

Imonths to March 23 AC512,000,000 which is morc than the total return in other year and more than twice the return of A£225,000,000 in the same nine months last year.

-Associated Press.

Transport Co. Be Sold May

In Chicago

Chicago, Apr, 16.

Prices of grain futures closed here today as follows:- Wheat-price per basket.

Spat May July

September

December

Corn

Spot May

Buenos Aires; -Apr. 16. July The Government has bid 410,- September 000,000 pesos for the assets of December the Buenos Aires Transport May Corporation.

in 1839 that there are 120,000

39.16 bid and 33.99 30.01 bid 38.52 -Unlied Press.

Pepper Rumours

New York, Apr. 18. Higher Bombay and London

cables, along with reports of

further military inquiry, im- stronger tone to the parted a black pepper market.

Dealers tried to obtain con- firmation of

rumours that the French

Government had au- thorised £200,000 for purchase of black pepper in Iradla and a like amount in guilders for purchases in Indonesia-United Pro39.

Ryo

July

Oats

2,4011

2.40-7

2.5436-4

1.8414

1.841-6 1.005-

1.843 1.7234-36

1.90 1.0754

9912

The Corporation was formed

and it is understood May

112 -03 between 15,000 July British

New York four-per 200 ib. sack. debenture $13.30--United Press. holders who have been claiming over £12,000,000 for holding and accumulated interest. The Corporation operates five under- ground rallways, nearly 6,000 and several hundred street cars. United Press.

us

New York Sugar

Futures

DECLINE

IN

TIN PRICE

London, Apr. 10. Prices of tin fell again at the morning session. Tumover was 7C tons, including 15 tons for cash.

Prices closed today here at

Ali "burn w.ere

SUC

The Commission, which be gan its seventh session here elected Professor Rene Cassin, of France, 13 First President.

in Detroit when two "atomie. Mrs Eleanor Roosevelt, Chair- in an man of the Commission, ruled attack. - United | out of order a Soviet resolution "ull-paper" Press.

London

Threatened By Strike

2

to oust the Chinese Nationalist representative.

Mrs. Roosevelt

said that the Commission was not the proper organisation to make a decision regarding a major political issue, which, in any case, was to come before the next General As- sembly.

her

The Soviet delegate challenged ruling, but the Commission voted to uphold the decision by eight votes to three, with three abstentions

The curb market moved into higher ground with most price changes in fractions,

Dow Jones Averages: Stocks

20 Industrials 15 Railroads..... 10 Utilities

-Associated Press.

Appeal For American Newsprint

New York, Apr. 18. An appeal to the United

a small por

The object of re-establishing the auction is to give consumers, through the trade's own cloc- tive buying, the kind of tea 93.60 they want. Prices will remain 254.85 unchanged as buyers must make the 83.00 their purchases within 42.32 framework of the present price controls and lea will still he rationed,

The tea sold today will not States to release get into the teapot for at Icast tion of Its newsprint supplies. two or three months and even to other parts of the world was made today by Mn Devadas there will still be siderable stocks of tea bought Gandhi, managing editor of the in bulk by the Government to Hindustan Times. be disposed of,

Writing to the New York Today 11,524 chests, compris-Times from New Delhi, Mr

Gandhi said: Ing about 1,250,000

"Most persŪTIS, weight of tea, were offered even intelligent and knowledge- able individuals, are staggerod Prices were upsettled at Grat,

Discord At Materials Conference

Washington, Apr. 10. Diplomatk officials told the

today that United Press, Calton Committee of the

then

The

сол-

pounds

President of the Tea at the very idea that live per London, Apr. 16.

Brokers Association

cent (actually even losa) of Mr M. the American consumption of -London's-supplies of-fresh

Morrison, commented: "My fruit, vegetables,

long-term view is that London newsprint is enough to and flowers

relieve thewill regain her position as the civilised world..

in scarcity other parts of the

the truth, A very tral Group of the International world's greatest tea market." Yet that

The Chairman of the Indian analt gesture would go a very unanimously. Materials Conference is working Tea Association, Mr G. Colvin, Song way indeed. The present

that world

He

-Mira Roosevelt retired from the chairmanship, which she has will be threatened this week by held since 1946, and nominated Charles Malik, of the a strike of 1,000 lorry drivers Dr serving Covent Garden Market. Lebanon, as her successor,

The decision was taken by WOS elected 300

of the Router. driver-delegates Transport and General Workers' Union. Their action is expected to paralyse Covent Garden,"

branch Mr M. L Prutton,

secretary, explaired: "The

market is overrun with 'scab labour, Market officials pro- mised to co-operate with us to clean them out.

"They have not done so. The strike will mean that no regular driver will enter the market."

the end of the official moming Fruit

session as follows:-

1.325 1,230 1,125

New York,, Apr. 16. World sugar futures closed hero today unchanged to 5 Three-months in, buyers 1,110 points higher, with Eales total-Three-months tin, sollars 1318 ing-38-contracts.

ub-

Contract No. 6 closed changed to 3 points lower, with sales totalling 100 contracts.

FIVE-YEAR-PLAN Prises closed as follows:-

COMPLETED

Contract No 4 (World) May July London, Apr. 10. September Moscow Radio sald tonight Spot

Contract No. *** that Russin had successfully

May completed her post-war five- July year Plan and the most - Beptember portant aims of the plan had Spot

been considerably exceeded.

The broadcast sold the plan

BAY traded 6.01-5.51 traded

5.45

5.25 nominal

0.03.bld

5.44 traded

$1.30

United Press.

for recotustruction and develop NY Exchanges

mont of the national economy was adopted by the Supreme

-Soviet in March 1940. Unlied

Press

JUIN IN PARIS

New York: Apr. 10...

Bpot tin, buyers Spot tin, allers Business' done at

Busineer done at Eettlement

Ship For

Israel

Subsidies For Korea Trade

Washington, Apr. 16.

in complete harmony

Cen-

in con

The Economic Co-operation the Australian Administration today announced aot tolerate the discussion of that it was authorising the possible wool allocations.

Further, they said, Department of "the Army to

led the Bri-Bin

supplies

provid one not.

supplies

procure for the Republie of tigh delegadeg· have demanded Orange er pound and broken of the other countries is both

worth

tho

at 4/5%d-Router.

- OFFICIAL STATEMENT,

RemonÄ.......... TALKS -

trast to the Wool Committee, forecast where considerable differences night possibly equal demands seems the time for the gesture,

Mr Gandhi' said that, as an by next year. of opinion have cropped up.

acknowledged friend of Amer!- They said the Cotton

Com

A good general demand was can publishers he felt he had mittee is collecting informa evident at today's sales with the right to make the appeal.' tion to determine

teks the practic Liquoring

selling well."I believe that the countries ability of cotton

allocations. Fannings tapecially were within the Russian sphere of These sources

while kadly-influence are folly we'll added, however, strong feature, Wool Committee made stall that in de

kings were uned delcenter win impressive.

They will therefore compote for the Teas opened the sales with leased from America

Orange Pekoes fetching

"On the other hand, the raced Pekoe

fanning's

great and urgent, Quick action A Korea $15,000,000

that the U.S. disclose the U.S. 4/10d. flowery Pekoe is called for if the lack of sustaining-type imports

wool stockplic *with

but tho

realised d. lattler

Among

nowsprint is to be prevented BOA funds, to insure a continu- refused to do to in the name

Indian descriptione from dangercusy impeding the ing!

flow of such commodities. of national security, They Assam Orango fannings sold tree flow

of information." An additional $7,000,000 of said that consequently all Rotterdam, Apr, 16. EQA funds will be authorised for committee can do is to collect -The-first-ship-built for Israel-Army-procurement-of-a-Inter-information on the present

wool situation. since the proclamation of the date, ECA added, plus $3,000,000 international Jewish State was launched here worth of raw cotton to be pro- United Press, today. It

cured by ECA through nominal way the 4,000-ton

commercial channels. — United vessel Rimon, specially Press. motor equipped for fruit shipments

bullt and

Rotterdarone by DroogBok Madbachigp

Thais Amir, wife of the Mrs to Iarnell Minister to the Nother- *Portugal restrict trade fecillies to Indian tanils, christened the ship with nationals in Portuguese colonies Israeli wine instead of with the throughout Africa, according to traditional champagne, Press reports; here.

Rimon will be ready in July, The move – ir a "rotaliation" when an kentical ship will be Indian Reserve Bank's unched near Rotterdam at the for the Suspension of exchange allot wharves of the shipbarkting ments to Gos, Portugees India.

company Do Merwed The Reserye Bank alleged that

-1,120-1,110

1.190 United Press.

Retaliation By Portugal

Bombay, Apr. 10.

deckled har

Cloding foreign exchango; thom had boon, used to import

Canadian dollars

Great Britain.

#totrium France zoliati

Paris, Apr. 10. Gemorni Alphonso Juin, Frenthaly "Resident-General fri. Morocco, Portugal today called on the French. For | Broden eign Minister, M. Robert Schutterland

Argentina man to diécume the political | Brasit Rituations En Morroco, a Frwich | Mazzico

Fortim "Offiou apolćemman said. Vanwynla

Beute

Geass | farge, (quantities of arms and

Balf ammunition.--Router.

Bank Quotations

契約

0,10%

HEALTHWACYork Aur! 13.

Closing band quotatform

Exchange Rates

- this

Business was done in the local

exchange market The unofficial

morning of the following rates

Sterling noto (per £) ........ 15.05. UB. dollars (per #3)

6.0323 Indonesia guildses (per 100) 330 Siam ticals (par 100)

29.50

1.78.

Both

ships will be und by the Zim Island Navigation Company. United Pron.

Offers Of Copra

New York, Apr, 10

Singapore (Stenite).

VIC DIASOs (per 100) 2751,18,05

U.S. TREASURY

Washington, Apr.:16," Position of the Treasury on

Dullness In

Textiles

"London"Apr, 187

The Government, buying of

Ottawa, Apr. 10,"

Mr J. C. Jain, general monomi

toa is to stop when the present ger of the Times of India, Bom- contracts for last yet's crops bay, who is on a shent vlaic t completed, the Food Ottawa, saw Mr Lester Pear Minister, Mr Maurice

Webb,

RIO

today

pon, the External Affairs Minis- sadd

tor of the Government He told the House of Com-Chada. mous that the London tea mar-

Among other things,. Mr Jain

ket was now reopened and all discussed

the question of the

supplies would soon be pal-Tupply of newsprint to India,--. vately imported.-Router.

Router.

Seeds And Oils SHIP MOVEMENTS

New York Apr. 16. Tho cotton textile market was dull today. Print cloths wara steady with fewer retall goods in the market. Duck cloths and Oanaburgs were Armijan

The wool goods market was exceptio

However, clothing commu facturers were reported show-F.O.B.

";

New York, Apr. 17.. Prices in the seeds and oils

San Francisco, Apr 10. Tho Arimasan" "Maru; drrived market here closed today untoday at Los Angeles" from changed with the following Kawasaki,"

Castor Seed, per long, tot Brazilian Port 205-United

dnerlosest šefterest. So tha attuation for Spring, 1002 Pres. S worsteds and a little better

Apr. 12, compared with cor inquiry from retail clothing Copra was offered at $250 responding data astear dagegen hivers was noted for autumn BEATAEmbad, ja kalend per, short ton, CIF," the Pacião, a fotal debts, TF12:470,082 = 1001: apparel - - -

46.59 |-|Bank of Arnollca - 2634402814 Court. Coobanut wil was offered 209.39 mika US$305457,817 452141 | The Brisbane z wooli raarket

Chase National 30% 00% at 20- come pound 1.01. Boold pardasil 200 100% was reported dime NAKODAR CIRPROTEAZA 12 mille khaw were ino salen=10% 055,8%-A51 US126246710

beep a f

Copper:

*

Yörk,”

Sales

The Manderson salled Troms Victory and the Almeria, Lekea. Log Angica & for

A The Knor Victory and Bark Yokohama

Freltochio walled from Low bara Angolcha on "Bunday-for-Yoko-r

The Oregon Rohren

Portland from the Orien

ciöand quiet and the>HOOL: MASSI •, BETİY

listed Porland frym: JabanIZSÁ