1951-04-18 — Page 9

Page

THE CHINA MAIL, WEDNESDAY, APRIL 18, 1951.

MESSAGERIES MARITIMES Export Control MARKETING PLAN Confused

M

"LES GLIERES"

ARRIVALS from Europe

SAILINGS

M

PASSENGER/FREIGHT SERVICE

"LA MARSEILLAISE" "LA MARSEILLAISE"

"FELIX ROUSSEL"

"CDT DORISE" "BREST"

"SAINT VALERY”

1st May

to Japan via Manita ... 6th May to Marseilles via Manita 19th May to Marseilles

23rd June

FREIGHT SERVICE

..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. DUNKIRK, ANTWERP & ROTTERDAM.

CIE DES Messageries MARITIMES Queen's Building

Tel. 26651 (Three Lines)

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

||

To› Continue

Washington, Apr, 17.

The House unanimously -approved and sent to the.. Senate today legislation to extend export controls until

June 30, 1953, The present Control. Act expires next June 30,

The Banking Committee nald export controls were protoct do- necessary to mestic coonomy and to help preserve adequate supplies for the milltary

programme-United Prem.

Ban On Peking Delegate

London. Apr. 17. Lord Jowitt, the Lord Chan- cellor, said today that Mr Lee Yet-mang. leader of an un- official Chinese Communist delegation now in Prague, was not being allowed Into Britain because

not it was public interest

the

FOR EUROPEAN FARM PRODUCTS

Paris, Apr. 17.

The French Government today disclosed the terms of its proposal to set up a single European market for farming products.

}

Day On RL.

Wall St.

New York, Apr., 17. The stock market back- od and filled all day today] and wound up just about

where it started.

Prices were mixed at the opending und when the market closed the margin of gains over loase was insignificant.

These terms were included in a memorandum which the Council of Europe submitted-at the re- quest of the French Government-to the 15-mem-wobbled all over the lot, now ber countries.

The French Government pro- posed that European countries should open negotiations aiming at setting up a European farm- ing pool based on the following principles:

Firstly, the associated coun- tries will pool their production resources in each agricultural branch,

In

Secondly, the proposed poud organisation should take the necessary steps to adjust output to consumption needs and to maintain the balance of the market

all participating countries.

Thirdly, the proposed pool The delegation had been in- shall in at preparing the sel- viled to Britain by the Britain-ting up of a common market China Friendship Association. for each produce which will be under the authority of the port. This should be made possible

abolishing Customs

duties and commerical quotas between the

countries participating though transtory mensures may be envisaged.

Answering

Labour Peer,

the House in the Jowiil

a question by a Lord Stansgate, of Lords, Lord that applications were received for visas to en- abic four Chinese delegates and one Interpreter to attend

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, via meeting on April 8. Visis were

SAN FRANCISCO, LOS ANGELES AND PANAMA,“

NEXT SAILINGS

M.S. "TREIN MAERSK"-

ARRIVALS FROM U.S.A.

M.S. "PETER MAERSK”

M.S. "LEXA MAERSK"

M.S. "SALLY MAERSK"

M.S. "CORONA"

M.S.

"ANNA MAERSK"

Apr. 19

Apr. 30

May 15

May 8

May 19

May 30

For Freights and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Pedder Building

THE RUBBER MARKETS

Singapore, Apr, 17. Prices of rubber futures closed here today as follows:- Number 1 rubber,

per ib. Apru

May

Juno

Number 2 rubber,

April

Number 3 rubber,

April Number 4

April

rubber,

Spot rubber,

107-15-180-12 103-100 103-104

Tel. Nos. 26661-9,

Wool Price

granted to four Chinese dele

ates and the interpreter.

by

HONGKONG

SHARE MARKET

Business transacted on

Price changes were fractional for the most part as

issues

advancing a little, now slip- ping a bit.

There was a wave of im- provement during the closing minutes but it resulted in no clear-cut ploture.

Advances numbered 424, de clines 414. There werO 35 ew highs and 34 new lows.

totalled Transfers

1,440,000 shares.

Airlines helped to give maricot Its steady tone, Pan American, American, United

Arad

tions.

ROYAL

INTEROCEAN.

SINGAPORE JAVA PORT and MACASSAR

"VAN DEUTSZ" » **TJITJALENGKA" *"TJIWANGI"

niso

calling

ARRIVALS

In Port .28th Apr. 11th May

at Penang

MANILA, EAST G SOUTH AFRICA and SOUTH AMERICA

TEGELBERG” **TJIMENTENG” *TJIKAMPEK”

JAPAN

"TEGELBERG”

the

“TJIMENTENG”

*TJIKAMPEK"

Easter all advanced frac= They see-sawed a bit during the day but held their gains at the close.

the Hongkong. Stock Exchange this morning was 321.30.

valued at $253,- Noon closing prices

Steel stocks also contributed a SHARES DUYERS BELLERS BALESitle strength to the market. BANKS

were

HK Bank .. 1360

Eart Anin

INSURANCES

די

102

Union 73735 UnderwrHors

SHIPPING

30 1300

312

Anin Nav DOCKS, ETC.

1

N. P. Wharf Dock XD

5.10

S'hal Dock. 2.90 Junglow.

13% 1100 @ 123

724 7 +

HK Hotel

8.85 5.70 2000 @ 1.00

1K Lad

1.25

7

S'hat Land Humphrey's UTILITIES

The French Government pro-LAND, ETC. posed the selling up of Euro- penn negotiations similar to Lord Slansgate urged the those foreseen in the coal and Government to invite a re- steel pool treaty to carry ch presentative body of Chinese these principles, lo visit Britain to promote understanding between the Brie tish and Chinese peoples.

Lord Jowitt replied that the Government would, at all times, welcome the free exchange of news and views between Bri- tain and China and similarly a visit here

by a representative body of Chinese,

But it was doubtful, pending the establishment of diplo- matie relations, whether the Chinese Government would authorise the acceptance by such a body of an official in- vitation to come here.

In the circumstances it would be inappropriate to invite one. -Reuter.

Two-Sided

Firms Up Market In

Again

Melbourne, Apr. 17. The major Australian wool markels Armed today. -

US Cotton

more

Certain of these Institutions may be competent for both rent, steel and furm markets.- Reuter.

Expansion Of UK Aircraft Production

New York, Apr 17. Sir Roy Hardy Dobson, of Hawker Siddeley Group Ltd,, England's largest

director

Star Ferry..

11.70 1311⁄2 600 @ 11.07

C. Light (0) 0.10 0.20 509 à 035

C. Light (N) 3.50

C. Light (B) 5,75

(N)

1000 6.10 5000 G DE 1004 a 0.15 0044 0.15

3500 @ 4.1

2006 3.50 10645,00

1000 9.30

Electric. 2011⁄2 241⁄2 1000 23.00 Telephone INDUSTRIALS

Cement STORES, ETC.

11.00 1114

Dairy XD 12% 123% 4000 @ 12

Crawford 2412 COTTONS

Grain Prices

aircraft and engine manufacius. In Chicago

ing concern, said today that his company expected to get enough machine tools from the United beginning four to six from now,

to permit ex- pansion of English

mant

Three limitation a

space and tools. nt

hampered production, but add- tonal supplies of machine tools from America would diminish

the manpower and tool shortage since better tools enable Embed manpower to do more produc- tion.

Chicago, Apr. 17. Prices of grain futures closed here today as follows:-

2.401

2.5314

Other gainers included Northern Pacific, Loews, Chesa- peake and Ohio, Marine Midland.

Stumblers Included Owens Illinois Glass, St. Regis Paper, Gult Oll, Allied Chemical, Texas Company,

declined in Govern-

Corporate bonda nctive trading. Some ment bonds raliled slightly,

Curb stumblers included

Aluminium of America, Colonial

Airlines, Imperial Oil. New Jersey Zinc.

Dow Jones averages; Slocks

20 Industrials

15 Railroads

1C UAH!ues

03.74

255,34

83.99

42.30

-Associated Press,

LORD

RUSSELL

RECALLED

London, Apr. 17. Lord Bussoll of Liverpool, Advocate Gen- Deputy Judge cral of the British Army of the Rhine, is to hand over his duties and return to England

LINES

SAILINGS

18th Apr. Lut May

17th MAY

&

Belawan

Dell

ARRIVALS

7th May .17th May

ARRIVALS

-11th May

SAILINGS

19th May

SAILINGS

10th May

19th May

Agents: HOLLAND EAST ASİA LINE

-

EUROPE via MANILA

and MALAYA

“ALMKERK”

"LANGLEESCOT" VARENDSKERK"

Through

ARRIVALS

.21st Apr.

18th May

to

BS/L issued Mediterranean and Northern European Ports.

JAPAN

"ALMKERK" + "LANGLEESCOT” + "ARENDSKERK” +

+via Manlia,

ARRIVALS

.20th Apr.

.14th May

.Mid. June

SAILINGS

22nd Apr. 18th May

Mid, June

SAILINGS

25th Apr, 24th May

# 37KING'S BUILDINGSZTELEPHONES:=200BETO2200AR

S. A. C.

at the end of this month, the Every TUESDAY is SAC DAY to BANGKOK

House of Commons was told today.

He was involved on March 31 in a clash with a German 2.50-1 crowd at Vlotho, North Rhine 3.4016-Westphalia, 2.50

Mr Herbert Morrison, tho Foreign Secretary, in a written said that reply to question, reports of the incident had been 1854-15 before the Lord Chancellor, who had also seen Lord Rus- Bell of Liverpool.

Wheat-peles per bushel

Spot

May

July

September

December

Corn

Spot

1.021/

May

1.82

July

September

Decembar

Rye

May

July

Onta

་

1.83- 1.7132

1.00-1.97% 1973

0534-45 01-0012

New York, Apr, 17. ́ ́ Price declines which had been The cotton market today be 183-35-184-15 vident at Melbourne

and care

of a two-sided Sydney came to a halt as trading affair after a firm stark Old 177-11-170-15 opened this morning at Geelong, crop deliveries held relatively

Sir Roy said England was now Merino fleeces gained 2% to steady

doing ali át could in the delivery May 172~14-173-12

May with

July five

on per cent

ceiling price. world defence effort and "there last week's wedged at the

New York Hour-per_200_1b..sack, 144-147-

Sydney rates.

Right at the close, a leakling -no-leaden-shoes-in-our $11.50 United Press. 203-210 No. 1 pale crepe kerg

Style United Pres.---

comeback and crossbred spot firm sold May's against effort." He and the managing Sir Frank Spriggs, are LONDON MARKET

wools recovered 2 per cent. purchases of July at 65 points director, Sir.

in New York on a visit. They London Apr. 17. of rubber

expect expansion to enable them Prices

futures

to employ another 20,000 wor- closed here today as follows:-

kers.United Press.

Black crepe

Number 1 rubber,

in cents per lb.

Moy

June

July/September

October/December

ότι

60-32-72

03-14-4

84-37-85-14 12-14-33 49-4-00- -United Press,

RECORD PROITT

Colombo, Apr. 17, A record profit of 347,000 rupees was made by the Ceylon Government

its rubber trading activities last year.

The profit was made mainly on rubber purchasing and sell- ing activities of 34 depots main-| tained by the Rubber Commis- aloners Department in various rubber-growing districts in the island. This big proit has come as a surprise to the Government authorities-Unlied Press.

Bullish tendencies prevailed unler,

The market closed to off 10 throughout, even though brokers

closed as fol- reported no trace of American points. Prices buying. It was lack of American lows:— buying which had the greatest Spot Influence in pulling prices down July last week.

May

October

The United Kingdom and the December Continent operated freely

Associated Press.

Heavy Selling

In London

March 119

May

July

October

40.00 15.30 bid 44.77-44.78 31.75 30.15-30.14 30,02

30.01 nominal

NEW ORLEANS MARKET

Spot

May

July

October

December March (1052)

October

London, Apr. 17. Government warnings that May shortages of some raw materials July in Britain may soon become acute led to heavy selling of Industrial shares on the Lon- don Stock Exchange, today.

Issues went into

Золю

REDS' STEEL sharp decline at the outset, but

-Ruzsja

OUTPUT

most rallied late in the day to close only slightly lower.

Brilish Government bonds re- celved little

attention and Moscow, Apr, 17. finished

27,200,000 minus signs. produced

tons of steel in 1950, according

wits

a sprinkling of

Gold shares were. Arm

38.30 nominal

30.31 nominiai

-United Press.

Closing rate April 17. 44.91 15.30 bid

30.6% 30.02-30.04 38.08 38.80 bld 30.40

United Přesn

Allocations Of Steel

Washington, Apr, 17.

to calculations made here to- Financial Times' Index: 127.7. for 24 special day on the announced results-Acrociated Press.

of

Plan.

the post-war Five-Year

Potroleum

production was

97,820,000 tons, according to

these calculations.

The results,

Suspension Of

Copper Duty

+

New Mill For The Ruhr

QUIET DAY IN TIN MARKET

WES

The Lord Chancellor took the view that it might be unfair to blame Lond Russell for the

traffic original

Incident but thinks that he made encITOR. of Judgment alike in the matter and manner of his communica→ tion with the Press"

Mr Morrison added: "Lord Ger- Russell's appointment in

to end many was in any case shority and in the circumstances London, Apr. 17. I have agreed with the Lord it would bo The tin market was

very Chancellor that

edvisable 迎 Lord Russell Turnover quiet today.

were to hand D

to his three- only 20 tons, all for

successor at the end of this | months.

Prices closed at the end of month and resume his duties in Dortmund, Apr. 17.

the official moming session as

England" West Germany's Industrial follows: revival enters

new phase on spot tin, seliers

Spot tin, buyers Thursday when work starts Business done at a new rolling mill-with Amerl-Three-months tin, con financial aid to replace a buyers mill dismantled by the Allies after the war.

2

The US$4,760,000 project at the Moerde Steel Works is the first development of heavy In- dustry in the Ruhr to receive an allotment of Economic Co- operation Administration coun- texport funds. -Associated Press.

Three-months tin,

sellers Business done at settlement

1,125 1,133

nii

Lord Russell was driving with his wife from their home, in Viotho to the Rhine Army Head- quarters in Bad Oeynhausen, when their car was stopped by Germans taking part in a pro- cession.

1,115

1.120 ***30-1.130

Lord Russell said that he was 1.130 -United Press. punched and his wife's neck and

· U.S. PRICE DOWN

back scratched, The local Ger- Washington, Apr. 17. man police said he had ignored The Reconstruction Finance their advice to make a detour reduced its and had driven through the pro. Corporation today

cents in res-cession-Reuter. price for tin by ponse to the price reduction in de Singapore market.

.

A spokesman said the Singa- New York Sugar

pore market has gone down in It is the past several days. understood that the new pricing formula was reached at a full-

clals. United Press,

QUIET

Futures

New York, Apr. 17. World sugar futures closed here today à points higher to 1 point lower with sales totalling

3 contracts.

Contract No. 6 closed 1 lower to 3 points higher, with sales totalling 216 contracts,

NEW RFC CHIEF

Washington, Apr. 17. The Defence Production Ad-

President Harry Truman to- today allocated ministration 1,400,000 product tons of steel day asked Mr W. Stuart Syming-day meeting of top R.F.C. off-

defence-related ton to become Administrator of construction

in the reorganised Reconstruction programmes June.

Finance Corporation Mr Sy- TEXTILE MARKET

chairman The figure represents about mingion, 49, is now

cx- of the National Security Ro one-fifth of the nation's peated stock output for the sources Board. He la a former

New York, Apr. 17. The cation exule market —Prices-as-follows:— month. It compares with 1,-St. Louis manufacturer.

Contract No. 4 (world), 19 President

quiet. There were only May Truman got Con-was 200,000 tons allocated for Washington, Apr. 17.

re-sales gressional assent last week for reattered

of print July The Senate Finianco Com-special programmes in May,

Among the June allocations him to reorganise

MAla the RFC,clothes..

buyers September mittee today approved a House-

a now further po ********* tons of abolishing the present five-man were awaiting 308,000 product Today's announcement of the approved bill to suspend the im-sleel for freight car, construc- Board of Directors and putting amendment on the ceiling regu Soviet State Planning Comunis-port duty on copper. sion said that the plan bad

The

40,000 tons for locomotive it under one man. - Associated lation. tion, Committee

The wool goods market was been completed in four years change in the effective period for all-feld pipes, 185,000 for

made: building, approximately 140,000 Press.

dull. and three monthe. Over the provided for in the House bill whale

The rayon goods market was economy had pro- which calls for

electric power facilities the suspension

alow. Yama allotments being duced 17 per cent more than so long as the domestic price of Associated Press,

$1,000 for ship construction

made by producens, fowever, the target--Reuter,

coppor-based on delivery in the Connecticut Valley does stat

were well taken up,—Associated Pross drop balow 24 cents a pound.-- Associate Pric

With

in accordance Russian practice, were given in percentages of 1040 production

US EXPORTS OF COTTON

Washington, Apr. 17. The Commerce Department to-

Announced Cast стро

·licedeen covering 173,303, balès

Jap-Sewing-Machinos

For Argentina

Buenos Aires, 'Apr. 17.

аге

Fuji

and

Driveway

Holders Reluctant

New York, Apr. 17. Despite Undications or improv

Inquiry from grinder supplies here are reluctant to profitable

interests, holders of lack pepper Exchange Project self until they are sure to make,

replacement'

indons | Lanofficial

and

Tokyo, Apr. 18 chases in the foreign at the following Tater One hundred and ninety-firma

Two Japanese transportation Local bids for spot and afloat ring pole (per

have applied to the supplies developed around $1.00 dollars (per $1) of cotton ware Used between nine, tons of Japanese sewing Transportation Ministry to build a pound, on an ex-dock bassa ser per 100) .. April 2 nod 16. There were 89,- | machines Dro, to arrive here on

United Press. gabrotze driveway up

091 bales Hoensed for shipment Wednesday aboard a United Japan's sacred mountain... to Italy, 20,342 6dles to Franco, States freighter. It is the first Mount Full 23,477 bales to the Netherlands shipment of Jepanted serving Both plans call for n 20-

14.910 hour to me bales action to Argentina since there root up to on obscr

halba 1961. ---- United Pro 12 390-200 OUT

votions post, halbwwgr bad been amablished for ibanon, and back. Diens deducted

NOW, ADI: 172 | KÜHL Gamble motorist, to enjoy bill

bond marker hat so. Whiterima wa

Contract No. 6

May

..... 6.50 bid

5.51 6.50 bid 15.30

0.25 nominal

September Spol

446 traded

5.58 traded

5.25

fied · Press.

and DIRECT FLIGHT to RANGOON

BANGKOK/PENANG & SINGAPORE ON WEDNESDAY BANGKOK/RANGOON & CALCUTTA ON FRIDAY

For full particulars, please apply:

General Agents:

SOUTH EAST ASIA TRADING CO., (SIAM)' LTD:

69 Connaught Road, West. Peninsula Hotel, Kowloon.

Booking Agents:

Tel: 24292

Tel: 56416

AUW PIT SENG'S TRADING CO., LTD. 10, Pedder Street, Tel: 26733

CHIANG HUAT HONG

340 Queen's Road, West, Tel: 36204

Hy TO NORTH AMERICA By CANADIAN PACIFIC

Shortest Fastest Roate Across the North Pacific. EVERY FRIDAY

*. 4-engined

from HONGKONG via TOKYO

• Speediest Route "Empresses"

• Perfect Cuisine Comfort Bilingual

• Pressurized, Roomy

• "Loungairo" Chairs

Stewardessen

Canadian Pacific

́ ́AIRLINES

UNION BLDG,

- TEL- 33966-7-8°

"WINGS OF THE WORLD'S GREATEST TRÁVEL BYSTEN”

Pacific Far East Live, Inc.

Fast Regular Trans-Pacific Service

OVERLAND

NEW-YORK-CHICAGO DETROIT-TOMONTO MONTREAL AND ALL AMERICAN, & ¦ CANADIAN CITIES

Rates

Businem

was done in the local exchango market

DIZKOT BAN FRANCHICO, Los Angeles

13.60

11.025

330

100)

20,00

Front

Bingapore (Stralia)

TIG pentru (per 100)~

19.00

Buyers Hold OFF

Exchanges. In NY

"EDGAR LUCKENBACH*

(*). L.- LUCKENDA.CI".

Ban Francisco.

Let

Straka

·Ban Francisco.

Price for copre and coconut

©New+ York; Apr; 177 was with ng Capadian

Copra dipped,

Arrives

May கன்

FOT Skigapore, Djakarta, Ja

Gimbay. Al ́Isaruoti).

Ban: Franciaco, via Kobe.

Kviz Kato, Nagoya in Yoko