MESSAGERIES M
"LES GLIERES"
ARRIVALS from Europe
SAILINGS
THE CHINA MAIL, THURSDAY, APRIL 19, 1951.
MARITIMES London Shares British Delegates May
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NEXT SAILINGS
M.S. "TREIN MAERSK"
"PETER MAERSK"
ARRIVALS FROM U.S.A.
M.S.
M.S. "LEXA MAERSK❞
M.S. "SALLY MAERSK”
M.B. "CORONA”
M.S. "ANNA MAERSK”
In Port
Apr. 30
May 16
May 8
May 19 May 30
Rally
London, Apr. 18. Leading Industrial and oil shares paced a 'quiet rally. In the London Stock Exchange today.
British Government bands, weak recently, scored general guina, moane of as much as one-quarter of a point.
Japanese bonds, which have been under premuro for the past week, had an. trregular day, The 1907s closed at 88%, down one. quarter, the 1910s at 42, one-half, and ED
the 1930 at 784, up one. quarter.
Financial Times' index: 128.0-Associated Press.
Political Issue The Decider
Sir Arthur Morse On The Future
Walk Out Of The
Wool Conference
Washington, Apr. 18.
The United Press learned today that British industry representa- tives are about to walk out of the international wool meeting, because they consider their stay here not worthwhile.
They are Yorkshire businessmen, who came for sessions of the Wool Committee of the Interna- tional Conference. The original aim of the con- ference was to allocate scarce supplies among free nations during rearmament emergency..
these busi-
The United Press understands that nessmen feel that the expenditure of scarce dollars on their stay here is not justified unless the Wool Committee undertakes policy decisions.
So far, it has apparently not decisions even studied stoch because the feeling exists that there is no present prospect of considering price control allocation of wool,
ΟΣ
Instead, the committee is reported to be merely collecting information on production and consumption of wool. But much of this work has already been done by the Management Com- mittee of the Permanent Wool Study Group in London, accord- ing to some delegates.
The Yorkshire wool industry, the United Press understands,
Singapore, Apr. 18. The political issue in the Far East would override the economic issue, de clared Sir Arthur Morse, Chairman and Chief Mana- ger of the Hong Kong and feels that the present work of the Shanghai Banking Cor-Wool Committes here can be left to British officials, as the Govern- poration, here yesterday.
However, the anticipated ment seems to be able to find enough scarce dollars to finance very bright future for Singa- their stay here whatever the pare and Malaya.
A
of.
Sir Arthur leaves for a holi-work of the committee consists day in England today by the Cortu.
would like to see the door for trade and finance in the Far East thrown wile open, but it is a dream which cannot
sald Sir Arthur. come true,"
As Hongkong was the clear-
For Freights and Further Particulars please apply to:-ing house for China, trade rc-
AGENTS:
JERSEN &. CO.
Pedder Building
Confusing
Tel. Nos. 26661-3.
Tactics By
Soviet Delegation
lations between Hongkong and were seriously
the
Sources said that two of the British delegates have packed their bags and a third plans to do
so soon.
ENOUGH AVAILABLE
expected
The industry had that the Committee would dis- the Mel- cusa policy just as maid.
bourne conference in Australia affected, he
last year had the task of de- Sir Arthur said that China elding
whether the United was more than willing to trade States should be allowed mas
but sive buying of with the Western world
wook with
Now Australia and political relations
other However,
reported to be nations forestalled апу such possibility,
Ho
He added that the United States export embargo on goods to
Hongkong had affected that Colony's trade considerably.
He felt that British colonies in the Far East had made more progress than most places in the world-Reuter.
At "Big Four" Talks Unofficial
London, Apr. 18.
Soviet tactics in the four-power deputies' Conference conference in Paris are capable of two rival inter-
pretations due to the fact that Mr. Andrei Gromy-On
ko, the Soviet representative, in one-week-took-one big step forward and then two steps back.
Their tactics have been unusually confusing, even to those experts in London who consider themselves skilled in interpreting the tactics of the Kremlin.
who certainly long for peace and seurilish and each gue French dilega-
Rubber
London, Apr. 18,
Mr John Dugdale, Minister of State for the Colonies, said today that the unofficial rubber conference now being held in
Rome was
+
continuation of the conference held in London during February
Mr Leonard Gammans (Con- servative)
raw
consider any
פ
Zealand were not willing to form of allocations of wool.
view Furthermore, one that since
the United States has ceased
for stock- to buy. piling the
to be appeara enough wool available for the industries of importing coun- trica although prices are high. The United Pres was told
there
HONGKONG
SHARE MARKET
this
Business done on the Hong- kong Stock Exchange morning totalled $228,140. Noon closing prices:-
Wall St Investors Cautious
New York, Apr. 18. In a highly selective display the stock market of strength, today managed to mako à little progress
It was hard going, and there was a lot of uncertainty and small obscure movements. But in the end the record re- gistered higher.
The market was out from the same piece of cloth as the last two sessions. This week has
no trend indication, produced
Caution signals of various character
day. popped up all
R.I.L.
ROYAL
INTEROCEAN
SINGAPORE JAVA S PORT, and
MACASSAR **TJIIJALENGKA" "TJIWANGI"
MANILA, EAST & SOUTH AFRICA and SOUTH AMERICA "TEGELBERG” "TJEMENTENG" "TJIKAMPEK" "NuY8"
JAPAN
*TEGELBERG"
**TJIMENTENG"
"TJIKAMPEK"
"RUYS"
ARRIVALS .28th Apr. 11th May
ARRIVALS
7th May 17th May 12th May ARRIVALS
11th May
30th May
LINES
SAILINGS
1st May 17th May
SAILINGS 13th May
Early July
SAILINGS
10th May 19th May
14th May
Agents: HOLLAND EAST ASIA LINE
EUROPE via MANILA and MALAYA HALMIKRE
"LANGLEFSCOT" "ARENDSKERK" Through Ba/t. Issued to Mediterranean and Northern European Forta,
JAPAN
“ALMKKEK" + "LANGLERSCOT" "ARENDSKERK” †
† via Manila,
SAILINGS
22nd Apr.
ARRIVALS
21st Apr.
16th May
18th May
Mia, June
ARRIVALS
.20th Apr. .14th May
SAILINGS
25th Apr,
..Mid. Jang
24th May
SHARES BUYERS SELLERS BALES One of these was the statementNINGS GUILDING, TELEPHONEST 2005 TO 99817
by price chief DiSalle that the
BANKS
IK Bank.. 1305 East Anta INSURANCES
Union
..... 737 Underwriters 3.25
1
SHIPPING
Arts Nav
DOCKS, ETC.
K. What
103
п
peak.
level of prices might now be at
200 @ 7400
2000 @ 1
200 @ 75
N. P. Wharf 4.90 619
Doak XD
Provident
XD
F
10 1015 500 S'had Dock: 2.30 LAND, ETC.
UTILIZES
Tran
C. Light (0) 6.15 8.20 5000
He previously estimated fur- ther increases in prices before a decline set in.
One of the large investment trusta in a statement said it now held "the most defensive posi- tion in many years" with over 1020, 51 per cent of the fund invested In highest-grade bonds and 3.00 cash.
Transfers were 1,780,000. Among the gainers were Dou- glas Aircraft, Graham Palgs, Adding Mochine, Burroughs
Texas Com-
HK Hotel.. 3.60 0.70 1800
2000 8.65
HX Land
Bhai Land.
30%
1.20
2135
12 1800
11.5
6.15
Northern Pacific,
1000 6.20
pany
₫ 1000 – 5.00
Dow Jones Averages;
1006 5.65
Stocks
93.83
250.01
83.02
42,33
-Associated Press.
Light (N} 3} C. Light (Bj 3,85
Telephone
Electric ..... 2316 2414
1017 (N) 0.20
1035 1114
INDUSTRIALS
Cement
Stope STORES, ETC.
Datry XD. 12 Watson L. Crawford 2435 COTTONS
1100 123
18
2.00
are cly The Rubber
world
that wool controls only in the event of war. In the meantime, the industry is being conducted along the usual lines of private enterprise-United Press.
NY Markets
To Honour MacArthur
New York, Apr. 18. had asked in the The Now. York Stock Ex-
Markets
London, Apr. 18. Prices of rubber futures closed here today as follows:- Number 1 rubber, in cents
per ib.
...... 58-5814 May
Ju
July/September October/December
503-5035
3812-14
0336-1
602-61
United Fress.
SINGAPORE MARKET
Singapore, Apr, 18. Prices of rubber futures closed hene today as follows- Number 1 rubber, per ib.
April
June
May
192-193
vitally important concession to tions in secking week after week maker communs if ha. could change announced today that it Number 3 rubber, April 188-183
nical
A statement about the will be closed from 11 am, to
close
Number 3 rubber. April 180-163 Number 4 rubber, April 175-177
29314-10025
200-233
-United Press.
During the fourth week of the deputies' work, Mr Gromyka made what appeared to be a the Western standpoint.
for an agreed formula.
conference. He also wanted to 1 p.m. EST on Friday (18. pot rubber, unboled ... 144-147 There is reason to think that know to what extent there was to 3 am on Saturday, Hong-Black crepe In a freshly drafted omnibus
direct
of the long time) in honour of Gen- No. 1 pale crepe..... representation item, he placed at the head of in the deputies talks the Soviet
agenda proposed for a future Government has enjoyed a tacti- rubber industry, both Asian and craol MacArthur's return, Earlier, the
the New York Cotton Exchange meeting of the "Big Four cal advantage through the fact
European, at the conference
Mr. Dugdale said that the had announced it would Foreign Ministers a general dis- that a breakdown on technical
dependent at noon that day instead of the on the causes of world drafting points would be less British colonial cussion
well received by Western publle ritories delegation included customary 3:00 p.m. tension.
Further down he placed the opinion than in the Soviet Union advisers from the European and
Governors of the "Big Board” Asian rubber industry selected took the action in response to a sey Item, German demilitarisa- where opinion can effectively influenced
Vincent consultation with the tion, not linked with any men-
The Western
request from Mayor delegations tion of the Potsdam Agreement themselves
governments concerned-Reuter. Impeluteri that all New York face Д slightly
business institutions give em- or any Implication that this different problem. Almost cer- had been violated by the
ployees time off to welcome the British and tainly
French Western PowerB.
General critical His action was followed by opinion would be more.
a spate of comment
of a breakdown than drawing the United States. the conclusion that the Soviet Government genuinely wanted
more
that in
after
Wool
Sales
thought by ob. At Geelong This fact
a conference of the Big Four. Vers here to provide a possi-
Foreign Ministers for which it was prepared to make substan- tial concessions,
that
LONDON TIN MARKET
London, Apr. 18.
1115
20 Industrials
15 Railroads
10 Uulities
Dull Trading
In Cotton
New York, Apr. 18. Cotton futures were generally steady in dull trading.
Mill and local buying met only limited offerings.
Most traders were on
the sidelines awaiting fresh develop- ments in textiles and the cotton crop situation.
Futures closed unchanged 45 cents a bale higher,
May
October
March
45.39
~44,83
39.77
39.00
December..29.10
July October Middling Spot
38.46 nominni
30,40 bid
to
40.06, unchanged, Associated Press.
Grain Prices
In Chicago
Chicago, Apr. 18.
Prices of grain futures closed
here today as follows- Wheat price per buahsi. Spat
May
2.48 2.40-78-15
WHEELOCK MARDEN
& CO., LTD.
Our Aviation Department has been. established at:-
701/7 Edinburgh House, Telephone 31183.
General Agents:
Far East Aviation Ltd. Far East Flying Training
School Ltd.
Aircraft (China) Ltd.
Yugoslavia Expected
To Buy Industrial Raw Materials In UK
London, Apr. 18.
Britain's latest loan of £4,000,000 to Yugosla via will probably be used to buy industrial raw materials, it was authoritatively learned here
today.
The granting of the loan was understood to have been agreed to in principle at the talks dis- cussing economic aid to Yugoslavia, now going on in London.
Tese secret economic ald talks began in London on April 9 and
240-16-1 are being attended by American, Dollar
2.02-15
1.54.
1.05-14
British and French officials,
The United States and Yugo- slavia have agreed on the terms
July
September
December
Corn
Spot
May
July
1.85-44-16 of
September
1.83-36-
to
December
1.71-44-
Вта
May
1,105-1,100
July
1,120 United Prose.
Gata
May
Judy
TEXTILE MARKET EASIER
New York, Apr. 18. The cotton textile market die
Prices of tin closed here to- day at the end of the official The Exchange rarely closes to morning session as follows:
The Last Spot ties, buyers honeur en individual
Spot to rollers time it did so was on June 19. dnes done at
BUS-Three-mouths tin, buyem. 1,095 1945, when business was pended for two hours to welcome Three-months tim, seders 3,100 ble explanation of Mr
Bettioment Molbourne, Apr. 18. Gen. Dwight Eisenhower back Bunces done at
Earlier in American and Japanese bid-from Europe. Gromyko's technique of alter nately blowing hot and cold.
ding appeared at the second day same year it closed for a full day. REMARKABLE UNITY A few days later Mr Gromyko
The Western
of the Geslong wool sales today on Saturday, April 14, the day delegations at but it was not strong enough to
before President Roosevelt was Introduced two furthen amend-
burled. ments into the existing Soviet aris have maintained a remar- being any marked Improvement
were not kable unity of policy and ap-
The New York Curb Exchange Prices generally Azt values. draft agenda. These
But they must have
maintained the opening day's will be closed during the same regarded by the Western dele proach.
sought among themselves to: gations as being conciliatory.
Soviet higher prices.Associated Press. hours as the Stock Exchange sound the motives of
Associated ProSS, New York, Apr. 18. CONFUSION CREATED policy.
Wool and wool tops futures An important concession such bounced back the daily limit in One proposed a discussion on
offered must New York today, revorning the the defensive rearmament pro as Mr Gromyko gramme of the Atlantio Pact strengthen the views of those downward trend that sent prices Power The other called for who belleve that Russia wants tumbling for a total of 70 cents review of the implementation a conference and may want on for the first soven days since of the Italian peace treaty de overall understanding. Mr trading was reopened.
the East Gromyko's less acceptable pro- Other commodity futures were well as... this
posals must strengthen the hand trregular, with cotton, cocoa and European
From the point of view of of tho who do not believe in sugar tending higher in New
Western
Covermanente, Russia's good intentions.
York and most graine lower in the
had in Mr Gizumyko
Mr Gromyko has set in motion Chicago. Assoolated Press. one week taken one big step for two tronda, of thought In the wird nad two steps back The Western world on which to bare effect was to create confusion speculation, Perhaps the sien of
Without following the
theso proceed-
was to not tie and their
low
of the deputies, la tieinii | WW~EGLIIS and, the public
people have beat able to
understand why the Lack of fix which they serve arguing among
inig an ngendà should in. Itself
provo
The
Ater themselves.
og dimouit intantive in proposing a
If the West mariously dia. came arood about Bowles Intentions
Western 'the whole.
four-power) and the Western
From
Rovers have yet du misice, picia for there is no los that
far
Do their general public why, the befling moves made by the the prociso, wording and order
Westinghouse Sets Record
Bond Drive By Israel
New York, Apr. 18.
bome
of
$29 million American grant
Yugoslavia for the purchase vitally needed raw materials,
1.90-1-t was authoritatively stated in
1.08-1-Belgrade today.
President Truman has autho- that the grant should bo rised
New York four-per 200 ib, sack. | given from mutual defence
$13.30.--United Press.
Dollar Export Board To Be
Transformed
London, Apr. 18.
Sir Ceeli Weir announced to- the assistance programme funds. day that he would vacate
The agreement was contained
Japanese Bonds in an exchange of notes yester chairmanship of the Dollar Ex-
In London
London, Apr. Japanese bonda
"MA" ($1, of 1899). “B” ( ́s. af 1910) (5s, of 1007)
played a slightly caster tone. Re-sale offerings of print cloths, broadcloths, and cheatings increased. Buyers did not show much Interest.
The wool goods, market was slow. Private advices, wald mar=|Corisois kets at Brisbane and Geelong were firm.
Demand for rayon goods was
*D" (6%, of 1084) "E" (49, of 1930)
day between the United States Ports Board at the end of June. The Board would then under- Ambassador, Mr George Allen, And the Assistant Yugoslav Foreign
Minister,
.
its
M. Jose 60 a major transformation and Executivo responsibilities under plans Its object le to overcome the would go back,
serious now, being worked out, to shortages which are
18.
44 42
Villan,
58%
5.3
20%
United Press. New York, Apr. 10. Japanese bruks gained frac tions to a point in a mixed and qities (Dormign-dollar
market-Asociated Press.
bond
the
enough to bring part of Yugo-existing national organisations Flav Industry to a standstill and which were its sponBOTS.
to open the country against
so impair Marshal Tito's ability
possible aggression.
Bir Cecil, Upeaking at a Løn-
luncheon, and that the intended to
The agreement follows the Board was never: same pattern as that signod-bo-enlist.on a long-term basis th
whole power ' and influengo (of tween the two countries under British katastry, in a single dr➡
defence desistance mutual the
ganisation with a single maltod last programmine
January, objective in the export Hous furnishing
Yugoslavia with
It was Interdock to
flold**;
addition the Yugoslav | the spent and, contino
Exchange Rates New York Sugar money food relief
Yacobs Curi, Intell mainter or very light-Associated Press. Trods and industry, left here today aboard ap Vairy Zaince plane for Ports en route home. Ho told newanen that he was! convinced that the $500,000,000 A Innell band drive would, ind enthudastio: reception through- un State
Part X Petertke pote : DIA)-15.00
tu dari Indianale suiders (pen:100)
„Upánoch.
Buskers was done in the Boos
woodfaangemeritol
out the Bloomfield, NJ, Apr: 10. The Westinghouse Electric
United Slaton : För Corporation announced today the boots touring 17 Bedelen (pa. (1) . that new, renders for the first meeting with themeloun:
book, chrivie In ta history.
are then the longtat tone and promote that Wantingfibune)
of 1ome ai the guide should Russlane in Paris hare adocted rojamie of desboch Pantera,
be espable of proving al
›Worlem - polley. But the cone participating a
TY Barpowala medo by her fan writer mukt emang Gromyko" could be in sat, in the primevkidne
A Boylet diplomacy, if, wawas tires, odolalla soddan
at the stora, capitais (mianowe) :) Ahagy, modded
The Foolinffust a bedbicdown
Hiera tkoweja per 100). Elasticoro""" (threats). Fickmangel por 300)
Copre M
Futures
In
Government is to establish a portance of the
special counterpart fund in its ment in Britain overseas iade Céntral Bank up to the value in and the imperativo, necrosity? Mit Now York, Apr. 18-24 Jocal currency of the goods and of expanding the volumo... of Works wilzene. O datures clopot service, supplied to it by two-way trade between the here today 2 refer to 4 higter, America under the agreement.
1000
1010
walki sales i fondling 111 | con- Reuter,
Contrado pibend
FORTLINE 242 GOODREADS
Exchanges In NY
charged to 4" hipfit, with calon yan
Spot
"nut, economically. resourceful wealthy populations of the Now World in the Westgin (Hanks- phere.
1. The Dollars. Exporta Board Cras set up in 1949 to, ezCOLIEREG. the British brøde, drive to ZVORNIA. dollars in Central and to
61-arna Kortinbcly, Economia nda view to the Control Commis
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