1951-04-20 — Page 9

R. I. L.

ROYAL

INTER OCEAN.

SINGAPORE JAVA

PORT and

MACASSAR

**TITTJALENGKA"

"TJIWANGI"

"VAN HEUTSZ"

MANILA, EAST & SOUTH AFRICA and SOUTH AMERICA

"TEGEIBERG”

"TAMENTENG”

"TIKAMPEK”

"KUYS"

JAPAN

"TEGELBERG”

"TJIKAMPEK"

"KUYS"

"VAN BECTSZ"

ARRIVALS

LINES

SAILINGS!

‚29th Apr,

11th May

1st May 17th Any

21st May

ARRIVALS!

8th May .17th May .14th May

SAILINGS 13th May

Early July

THE CHINA MAIL, FRIDAY, APRIL 20, 1951.

U.S. Modifies Scheme Mail To Relieve Shortage

Of Grain In India

•Substitute

Plan

For Wheat

On Straight Loan Basis

Washington, Apr. 19. Administration leaders in the House today abandoned the proposal SAILINGS to give India $190,000,000 worth of grain, and put forward a substitute plan

to provide the grain on a straight loan basis.

ARRIVALS

11th May

.30th May

19th May 16th May

22nd May

Agents: HOLLAND EAST ASIA LINE

EUROPE via MANILA

and MALAYA

"ALMKERK"

"LANGLEESCOT"

"ARENDSKERK"

Through B/L

lasued

ARRIVALS

SAILINGS

In Port

.21st Apr.

. 18th May

22nd Apr, 18th May Mld, June

to

Mediterranean and Northern

European Foris.

JAPAN

"LANGLEESCOT" +

"ARENDSKERK" +

tvia Manila,

ARRIVALS

14th May

Mid. June

SAILINGS 25th Apr. 24th May

KINGS BUI,DINGZTELEPHONES 22801521052801753

SELCUNUSERAGENTSEBIN CONNAUGHTERONDE CEILINGÜISSITIES

WHEELOCK MARDEN

& CO., LTD.

Our Aviation Department has been established at:-

701/7 Edinburgh House, Telephone 31183,

General Agents:

Ltd.

Far East Aviation

Far East Flying Training School Ltd.

Aircraft (China) Ltd.

Defence Programme In US Outstrips- World War

War Pace

New York, Apr. 19.

The current national defence programme is a full six months ahead of rearmament for World War II and many of the worst setbacks of that period have presented hardly any problem in the present effort.

These statements were made by Franz T. Stone, president, the American Supply and Machinery Manufacturers' Association, and R. Kennedy Hanson, general manager of the organisa- tion.

were

based!

some other

Union Insurance

Dividend

The Ordinary Yearly Meeting of shareholders

of the Union Insurance Society

Ltd. of Canton, will be held on May 24.

Hubject to audit the Directors will recommend payment of a dividend of

£1.15.0 per share,

Irregularity

In Cotton

India would repay the loan either in money or in strategic materials needed by the United States.

Democratic

Richards, Representative, James chairman of the Foreign Affairs Committee, laid, the substitute plan before the Rules Committee,, where the original measure

been pigeon- holed for several weeks.

He said it was designed to meet objections to the original measure volced by both Re- publicans and Democrata on the Rules group, and by other members of Congress

The Rules Committee chair- man, Adolph J. Sabath (Demo- Illinois said n survey cral,

of House members showed that the compromise bill would be Comments of other approved. committeo members indicated, however, that the grain bill still faced difficulties.

Democratie Representative E. E. Cox, called the compromise completely meaningless plan

It was obvious that India never would repay the loan, in dull trading. Closed 35 cents He demanded that the Foreign

43.30 Eld

Markets

New York, Apr. 10. Cotton futures were irregular

May

July

October Dreember March

44.03

30.70

39.17

30.11

1001

bul

had

I

Wall St. Prices Decline

a

Notices

Registered articles and parcel muita stop one hour earlier tha the ordinary mail When mails close, on Bundays or before 10 1.3. OS Eny other day, registar- ed articles and parcel malls clom at 5 p.m. on the previous day. Kowloon Mails are closed "at Post Office one hour warlier than the G.F.U. closing times.

Now

PRIDAY, APRIL 20 By Air 1.N, Borneo.

Australia, Zealand. 3 p.m., Q.E.A.

Formosa, 5 p.m., H.K, Always.

Dy Burface

Canada, (Parcels only), 3 p.m.,

China Mal.

#

5

ماء

SATURDAY, APRIL 21

By Air

Philippines,

Guam. Zipwall.

U.S.A.. Clits acia, P.A.L.

1,273.

Formom, 3. p.m., C.A.T, Burma, India, Pakistan, Middle Fast, Africa, Europe, p.m. B.O.A.C.

Aus- Slam, Malaya, Indonesia,

Certon, B Now Zealarad,

Japan, Korea, 3 p.m., B.Q.A.C.

By Surface

Yu

0,30

p.m., P.O.A.8.

Macao, 8.m.: 4.30 p.m., Men/Tak Shing.

China, People's Reptabile,

a.m.; & p.m., train via Canton. Sengola

Malaya. Burina, India, 2 p.m.,

Japan, 2 p.m., is Hermelin. Philippines, & Parcels only for France, p. as Almicerk SUNDAY, APRIL IZ By Air Philippines, 1.N. Dorneo, 3 p.m... via C.P.A..

France. Indo-China,

French North & West Africa, India, Pakis tan, Great Britain, Europe, 5 p.m.. Air France.

Formosa, p.m.. H.K. Airways.

By Burfaco

p.m..

Macao. 1 p.m., a Kwung Tung. Formosa, Noon, a Shengking.

MONDAY, APRIL 13 By Air Formosa, 2 p.m. via C.A.TI. Burma, India, Pakistan, Middle East Africa,

Europe, D.O.A.C.

Japan, Korea. 5 p.m., B.O.A.C. FOTORA,

Didn.awa,

U.S.A..

Stan, Malaya, 'p.m.. C.P.A. Canada, 3 p.m. N.W.A.L

By Surfaco Macao. Ba.m.) 4.30 p.m.. Yu Men/Tak Shing.

People's China,

Republic, 9.30 Aircrafts showed the mosta.m, train via Conton.

Indonesia, 10 a.m.. Hydra strength on the rise, but they Formose, 3 p.m., as Wing Sang. Jost ground, rapidly in the final

and closed hour

Turrowly

New York, Apr. 19. General Douglas MacArthur's'

Congress started speech to brief rally today in the stock market, but it did not hold, and prices were lower all round.

a bale higher to 20 cents lower. | Affairs Committee write into the bill specific terms of re payment.

As now drafted, the mixod. would leave this up to Steels and motors, along with economic co-operatepresentative

some of the rails, came forward Republican

the MacArthur

rally, but they, too, faltered, turned back and ended lower,

May

July

Ocluber

Middling

38.50 nominal

36.47 noskat 46.00 nominal Assoclated Press. NEW ORLEANS MARKET New Orleans, Apr. 19. Cotton futures closed 25 cents

a bale lower to 20 cents higher. Mhy

July

October

March

Spot cotton

was

December

celling prices.

Middling

45.30 bid

44,80

39.00

39.00

39.08 bid unchanged

41.01 -Associated Press.

Henry Lalham, asked if it was not probable that India's sacred cows and monkeys would get the grain rather than the coun- try's starving people,

Rep. Richards said he did not

think so.

SENATE DECISIÓN

on

A brief opening filcker of higher prices vanished before minus signs, and the clown- trend started.

Of the 15 most active issues,

Northern

New Rice Pact With

Thailand

Singapore, Apr. 19. eight were lower, three higher Thailand wil supply 415,000 Republican Representative and four unchanged. Stumblers Metric tons of rice to the Bri- Pacific,lish territories. of South-East at Clarence Brown could not un-included

derstand why India could not American Airlines, Douglas Asla under an Anglo-Siamese

on Wednes agreement signed use some of her Sterling credi! Aircraft, Sinclair Oil in England to pay for the grain Transfer totalled

The official announcement of in cash.

Other Representatives, shared, were also critical of the pro

the conclusion of the negotia-

Dosa).

In January sald 93.43 tions started

to Mainys, that rice delivery 254.02

83.30 Singapore, Hongkong, Sarawak, Brunei and North Borneo will prices previously be, made at announced.

The That Government quoted tho

THE RUBBER

MARKETS

the

Simultaneously

Senate Foreign Relatione Committee agreed in principle that the first the Ad- consignment under ministration's wheat for India Singapore, Apr. 19.

programme should be financed on a futures of rubber Prices

half-loan, half-grant basis, Chairman Τοπι Connally closed here today as follows:-

(Democrat, Texas) who said: Number 1 rubber. per ib.

the committee has not complet- 107-180 Apri May

1845-1851% evd the bill, said the second 1822-1831 Juno

1,000,000 tons of the proposed Number 2 rubber, April 181-183. Number 3 rubber, April 177-178****** 2,000,000-ton wheat-shuipment

Number 4 rubber, April 172-173 190-191 Spot rubber, unhaled .. Black crepo No. 1 je crtypo

14419-1481

200-210 -United Press. LONDON MARKET

London, Apr. 19. Prices of rubber futures closed here today as follows:- Number 1 rubber, in conta

8514-54

per it.

May

June

Jay September

October/Decomber

50-804 6474-5012

5312-14 30124-14 -United Press.

LONDON

The

FIRMER

TIN

1.103

1,170 1,100

1,130

London, Apr. 19, tin market was rather Turn- firmer but quiet today.

Their remarks

This move, put into effect over wh 00 tons, including 5 on a review of steps taken by through the Maintenance

and tons for spot. the National Produ

duction Repair Order, and

Prices closed at the end of Authority in Washington.

N.P.A. rules, means that in the official morning session as Speaking for Industries re-many cases existing machinery follows: presenting more than $3,000,- can be used in war production Spot, buyers Spot tm, sollers 300,000 in annual output, and where it would have been nec-Business one of

products marketed through cessary to order completely new Three months tin, buyers more than 3,000 industrial sup- equipment if no such program-Three-months to, sellers 1133

1,135-1,120 Business done at all me were in use, according to ply distributors, located in

1.4165 Settlement

-United Pres. major industrial districts, their these sourcos, comments

the first comprised the praisal of the

made by progress mobilisation agencies since the dustrial supplies can get from appointment of C. E. Wilson to

materials suppliars materials to cover their

for

что

will be authorised on the same half and half basis it necessary. first He estimated that the 1,000,000-ton consignment will cost about $95,000,000.-United Press.

1,510,000 | day;

Dow Jones Averages: Stocks

20 Industrials 15 Railroads 10 Utilities

-Associated Press.

42,41

Wool Price Lower In Melbourne

Melbourne Apr. 19. Irregular demand at the final session of the Geelong sales brought lower prices for super Merino fleeces today.

Crossbred and comeback

a stronger market.

French Govt. feces and

Fears Coal Shortage

coal

Paris, Apr. 18. Fears have developed here of

shortage

during the year, it is learned in Govern ment circles. Needs for 1051 have been estimated at 73,060,- 000 tons. The national produc- to be about

E expected which maybe

54,000,000 tons, to

added about 5,000,000 from the

im-

Top prices were lambs wool,

ton from the

per

at mill"

MESSAGERIES MARITIMES

M

"LES GLIERES”

ARRIVALS

from Europe

SAILINGS

M

PASSENGER/FRKIGITT SERVICE

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

"CDT DORISE” "OREST""

"SAINT VALERY”

1st May

to Japan via Manila ...

eth May to Marseilles via Manila 19th May to Marseilles

23rd Jabo

FREIGHT SERVICE

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

for

PORT SAI, TUNIS, MARSEILLES, ALGIERS, ORAN, TANGIER, CASABLANCA, HAVRE, DUNKIRK, ANTWERP & ROTTERDAM.

CIE DES MESSAGERIES MARITIMES Queen's Building

Tel. 26661 (Three Lines)

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, via 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”

In Port Apr. 80

May 15

May 3

May 19

May 30

For Freights and Further, Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Pedder Building ·

Tel. Nos. 26661-3.

Slow Market In Cotton Textiles

New York, Apr. 19,

The cotton textile market was slow. Prinf cloths offered in the re-sale market failed to en-

official rate for rice last courage much buying interest. September at 247:5:0 metric

Prospects for a new pricing order soon The announcement

overshadowed the Bangkok. also said, however, that the market. British territories had agreed to further consultations for any desired revisionTM arrangements presumably the rate as well as the quotas.-United Press.

Weekly Bank Statements

London, Apr. 10.

The Quartermaster Corps en- tered the market. for 6,010,000 square yards of various fabrics including sateenu, poplins for May and July de- livery.

drills and

The wool goods market was dull.

W. Germany Trading

With Soviet

Boan, Apr. 10. According to reports in the The West German Republic is trade, the OPS will extend the doing business with the Soviet period for passing on increased orbit nations at a rate of $280,- costs of mill to Jan. 20, com-000,000 per year, official figures 331 pence a pound, and values The Bank of England state-pared with the present cut off showed today. for all fleece and skirtings were ment for the week ending date of Dec. 31, 1950, very firm at Brisbane.

Apr. 18 reads as follows:-- Chief buyers were from Bri-Notes in circulation 21,314,890,000 tain and the Continent and there Public deposita was good support from Austra lia and Japan, Associated Press.

Grain Prices

In Chicago

Chicago, Apr. 19.

Wheat-price per buzbel

July

December

2.45-11 2.49-1- 2.47-4-3

2.28-16-2.43

2.16-12-14

1.02-12-14

Prices of grain futures closed Sanr, which brings the availn- here today as follows: ble total to about 59,000,000.

This would leave a deficit of spot coal in France of about 14,000,- May

which the tous, 000 ton

Government September hopes to

to cover partly by porting some 10,000,000 from Corn Europe and the United States. Spot The 4,000,000 remainder it 19 July hopod will be provided by In- Beptember creasing output during the year December

BYD and by

restrictions on con- May July

These latest moves also spread over-all general industrial up the availability of authorisations New York Sugar par

that manufacturers of all in-

www To their

administer the national pro-i

gramme, Both executives stress- HOU needs. According to

Futures

New York, Apr. 19.

ed that muc credit for the pro-research surveys in this field, World sugar futures closed gress must we given-to-both Mr this applies to more than 15,000 here today unchanged to

Wilson and to Secretary of Com-kinds of products, merce Charles Sawyer.

BASIS OF PROGRESS

The fundamental

ranging in

in higher, with sales totalling total number of types and sizes contracts. to more than 200,000 units. The authorizations also make it cer tain that distributors

63

for

May

sumption

setting at 54,000,000-tonste

MAY

the total metropolitan coal pro- July

1.04

X.05-1

2.3-1.63 1.20-14-2.70

1.00-16-5

91-76-52

00-00-3

Tinplate Output Increase

duction Minister of Industry New York four-per 100 ID.`. Contract No. 0 closed 2 to 4 Jean Marie Louvel was besing $13.50-United Premm

higher, point

with

sales his

his estimate on the fact that will be totalling 337 contracts. barda

the 1950 production would have able to get replacement stocks Closing prices:-

reached that level if it had not the rapid progress - ende bad of items sold for use and final Contract No. 4 (world)

5.03 nominal been voluntarily restricted. It been rooted in the willingncon

Xay consumption in plant opera-

did, in fact, reach $2,500,600 0.54 bid July -of career governmonial aptions.

3.54 bla September

tons and it was agreed that it pointers

noptpt properly

$.43 Industrial supply distributors Spot

would have been 600,000 tabs ་་:་ qualified recommendation of

Contract No. 4 from all manufacturere Industrial advisory committees, and

greater if sales had not dropped in the first part of the year and Mr Hanson pointed out. Where over the country have written suy

Wilson and Industrial experience and tech to Mr

Secretary September

difficulties had not oc Sawyer alating those facts, Mr Epos

curred in marketing abroad. nical know-how" WORD

revealed. Buch vast Hanson adminis quired Government

willingly given top correspondence leaves no doubt

to

trators hayakan kadarity's view that' national rearmament is off considerak eginkizotive to to a better start now than was

to

tipa

which could

have experienced in the last war, he crippled the entire rearmament added. programme, he added.

Under present - rulings, Mir

polated out, „le la „now dichas, Industrial supply

For macÈr: Industrial nipply:

Seeds And Oils

New York, Apc. 19. Prioca in Malo dopda and oils

MAY

5.43 nominal

5.50

·B.0% '£factoch› 6.30 **United Fre

Japanese Bonds

In London Vierno Loaded, Apr. 10,

88 ere, required by both market tard down today in Console

production plante, india

od with the folkor leng

ĹFrees

Slow Trading

Pepper

New York, Apr. 19. Black pepper toția

shipment-por

The latest Bonn Government

The Quartermaster Corps ask-tabulations list exports to those convert countries in the first two months 20,045,000 od worsted mills to Government securities

400,680,000 Private deposits ......

300,071,600 orders for some serge cloth In-of this year at $21,241,000, Ins for the came period other securities

23,875,000 to blended fabrics containing 10 ports Receipts

30,130,000 to 15 per cent nylon in an at- totalled $25,493,000,

This compilation covers doak- Bank-ratio

fort to conserve dwindling wool

Union, -United Pro

Ings with the Soviet supplies.

Bulgaria, Albania, Rayon goods were featureless. Czechoslovakia, Hungary, Po

8.8

Paria, Apr. 19.

BANK OF FRANCE

The Bank of Franco statement

China

Derrand. for gray goods was land, Rumania, and the Russian

for the week ending Apr. 13 lacking and finished goods were zone of Germany. reads as follows:-

Total gold holdthes rs. 182,764,771 .243 Total of other cur-

sluggish.

rencies

Sight balance

abroad

Advance to

redcy

tion fund

stabling-

Bill discounted in

France and

abroad

Notes in circulation Current accounts &

deporta

With certain Although trade Indications continued to point of these nations, notably China, 3.591,233,695

with to curtailment in the gray goods has increased, the general trend

downward. Dealings 04.730.093400 production because of the un-

outlook.Associat- USSR and its satellites mado satisfactory

up 4.5 per cent of the total West German trade in January, 130,000,000,000ed Press.

and February, 1951-United PrCES.

€21,601,900 206 1,000/400,631,2723

179,197,451,700 -United Press.

London Shares

In Boom

London, Apr. 10.

1

Trading Hours To

Be Cut

Italian Trade With Iran

Romo Apr, 1 10. Italian trade with Irum has shown considerable increme th reccint

the Fortima months, New York, Apr. 19.

Commerce Ministry said today. Industrial shares continued to

General The increase was due in part The appearance of boom on the London Stock Ex-Douging MarArthur in Now to elimination of restrickland on change today, joined by ship-York tomorrow promises sales on the Iranian mariest and

dont in normal Italian exporter ballots minko. - a, big pings.

necurity

manufac

Gains were widespread and trading activity on a number now o

now offers unusual posibilities and for Maximus goods. Now York, Apr. 10) well beld despite profit taking of important

Iran took morty The electrolytic toplote capa- Selected oil, gold and copper commettity exchanges.

There moved higher. city of the United States has thares

The Now Yat socic and tred goods, textiles, autos and Increases by 6,000,000 was quiet Armness in Far Eas-curb exchanges will suspend chemical products, while fair, boo base bonte as a result of the tern and European, bends. How- trade from 11 am to 1 pm received rugs, cofion, raw skin recent installation of what ia

ails

reacted from their best The Now York cotton exchange said to be the largest and fast levels in the afternoon

stocks it: compist to, eat tinglating no la the fibe British Government diantry tay Vie

Weirton Steel Com- ensed; on acting for reinvest- pan.

ment in other markols,

Rubber shares were exsler and tin firma ka

Financial Times Index: 1303 gate you com

nado in the Rover,

pany hopplied to

@bartistics :-.

Cho Ameriosis - Eleofoplatekst | So- claty indicate this Hines loc únolytically. cosling stripstoel will" Enchi a opood for 2,000

Associated Press..

or Wool will stop for the day at boon 2000, oll, wool products rean gum---United Frest. the normal pmn. dosing a dense, of

COMEŽLICÓ (DE-GOLICEM : BLUE-

0

NEW YORK BANK 20, and 1pm. 4RQUOTATIONS --

procedure which is

Technical Experts

For Burma @whahington, Apr.

Economie Co-operation

approved the so of $205,-