1951-04-26 — Page 9

Page

MESSAGERIES

M

"LES GLIERES"

ARRIVALS

from Europe

SAILINGS

THE CHINA MAIL, THURSDAY, APRIL 26, 1951.

MARITIMES | Share Advance

M

PASSENGER/FREIGHT SERVICE

"LA MARSEILLAISE". "LA MARSEILLAISE" "FELIX ROUSSEL"

"CDT, DORISE"

"BREST"

"SAINT VALERY"

1st May

to Japan via Manila ... cth May 10 Marseilles via Manila 19th May tó Marseliles

23rd June

FREIGHT SERVICE

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

PORT SAID, TUNIS, MARSEILLES, ALGIERS, ORAN, TANGIER, CASABLANCA, HAVRE, DUNKIRK,

ANTWERP & ROTTERDAM,

CIE DES MESSAGERIES MARITIMES

Queen's 'Building

Tel. 26651 (Three Lines)

M.V. “LA MARSEILLAISE”

12 days roundtrip

To Manila and Japan

Sailing from Hongkong

Sunday 6th May, 11 p.m.

Back in Hongkong

Friday 18th May, 6 p.m.

Cie Des Messageries Maritimes

Queen's Building

Tel: 26651 (3 lines).

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, via SAN FRANCISCO, LOS ANGELES and PANAMA.

NEXT SAILINGS

M.S. "PETER MAERSK"

M.S. "LEXA MAERSK"

M.S. "SALLY MAERSK"

-M.S."SALLY-MAERSK".

MS. "CORONA"

M.S. "ANNA MAERSK"

ARRIVALS FROM U.S.A.

Share Advance West Again Weighing. La

Wiped Out

London, Apr. 25, `j

Early rains in most seg. tions of the London Black Exchange were wiped out

on irrera-

at the close of Jar session today.

British Government bunds wound

wen up with small losxes after a moder. ale advance fa the morn. Fractional declines were also in the majority In the Industrial flat,

ing.

Oll and coppers, low- ever, were firm throughout the day.

The Financial Times' Index: 131.1. Associated I'reti

INDIAN

TRADE WITH

RED CHINA

New Delhi, Apr. 25. India's exports to Com. munist China during 1950 exceeded her imports by 19,000,000 rupees, Com merce Minister H. K. Mahatab told Parliment,

Mr Mahatab suid India's ex- Forls

the Chinese Reds, valued at 24,000,000 rupecs, in- coded chemicals, shellac, and rubber products. Imports, to- tailing 5,000,000 rupees, includ- cd medicine, camphor, ma- chinery, sutton and raw silk. ›

Mr Mahatah also told Parlia- meat that during the 10 months ending last January, India's trade with Japan totailed 130,- 800.000 rupees.

He added that during that period India imported more than she exported to Japan, be- cause of a policy on imports of capital gooris anci Industrial raw materials,

He said India's exports to Japan consisted mostly of raw cotton, raw jule and castor scrds, Associated Press,

Firm Market

In Cotton

Colton

New York, Apr. 25. futures were active and firm, supported by trade buying and replacement demand in new crop months. Futures closed unchanged to 55-cents- o-bule higher.

October

December

trel

Jute

May

July

Apr. 30

May 16

Mny

May 31

May 8

May 19

May 30

For Freights and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Pedder Building

Tel. Nos. 26661-3,

Norway's Shipping Above 1939. Level

Oslo, Apr. 25.

With 1,400,000 gross tons of ships under con- struction, Norway will soon have a fast modern fleet equal to or better than her prewar fleet, which comprised 7 percent of the world's tonnage.

'Norse

shipping now totaisi 5,510,000 grots tous, compared with 4,800,000 tons in 1939,

In

shipping survey shows, AL- though larger in gross tons, the present feet has many ships in the older

age groups, addition too many other chips were built in World War II and are less efficient and economical than their age would indicate

because they have received ab-

normal wear" and tear.

Truman To

Ask Price

Ceilings

Washington, Apr-25

President Truman will send to

ceiling and Congress members sald

of

The new tonnage, four-fifths Congress on Thursday a request of it tankers, will replace to a for authority to put large extent older ships stated prices on form products for the scrap yard and will not foods. increase the future fleet much it will call for a kind beyond the tonnage of 1930. "freeze" on form parity prices, Informants sak the Presl-

The ratio of tankers to cargo ships will be changed, however, sccording to the su

survey, In 40 por cent of the

1089,

about

deni's message wifi also ask:.

1. Stricter rent controls,

October Middling Spot

45.39 43.17

30.06-30.97 30.40 39.30 bl 30.17

39.70 bi 30,80 bid 40.00 normal Associated Press. NEW ORLEANS MĀRKET

New. Oricano,-Apr. 25. Colton futures closed un- changed

70-cents-a-bale higher.

May

October December Morch Spot cuttun Middling

45.39 bid 45.00 19.80

34.31-39.30 30.33 bid Unchanged

44.91 Associated Press.

The Rubber

Markets

London, Apr. 25. Prizes of rubber futures clos:d here today as follows- Nuniber 1 rubber, in cents

mer lb.

shnell Ris July/September ·

65!1-50

54-5112

831-14

October/December

5116.52

United Prest.

SINGAPORE MARKET

Singapore, Apr. 25. Prices of rubber dulures closed here today as follows- Number I rubber, per iu.

April

May

June

1911-1921 1881-100 1964-1881

Number 2 rubber, April 1845-185 Number 3 rubber. April 178-17: Number 4 rubber, April 173-175 Spot rubber, unbafed. 2035-30416

145-148 Black crepe No. 1 palé crepe

205-710 -United Press,

New York Sugar Market

New York, Apr. 26. Domestic sugar futures No. Six closed four to seven higher,

5.A1 0.71 bid

July.. Reptember November

* 5.13 Domestic suger. futures No.

World sugar futures. closed four to 10 higher,

tonnage of Norway was in fun- including controls on rents for Five closed quiet, no sales." cers and the rest in cargo ships. commercial property.

and

The

5.00 nominal

5.00 back

2.00

(This May July September Mery

5.20 poniinal Haw sugar spot: 3,90 nominal, Amocated Press.

2. Subsidies As of January this year the

on, romeim- ratio was tankers, 45,2 per cent, ports, including coltoe,

cargo ships 54.8

per cent. would mean Government pay gap between the two typer ment of part of the cost in will be closed further by the order to hold down the price of new construction programme.

coffee to consumers.)

Or Norway's feet 91.9 per 3. Probably stůl more zestric-

cent is ocean-going and only ations on

very small fraction of this ship Press. ping ever touches a home port, according to the survey, Ninety-

Live per cent of her tankers operate only between foreign porit, as do 86 per cent of her verolain tramp trade. Of vessels in linor servico only per cent touch a home port,

ergilit-Associated

Exchanges In NY

"New York, "Apr" RB.” Closing foreign exchang

03.03%

Popper Easier

New York, Apr. 20.

Thì black Depper methot noi mained extramaly quiet Fänd. slightly cualer in tone. On a nominal hands, the market to – Others –umohanged. ** Amsonderted

"day"Wus quoted at $1.03-1.06. ----- SAMENTESENIN. J United Press,

East European Trade

PROBLEM OF COAL FROM POLAND.

Geneva, Apr. 25.

The troublesome question of when and to what extent it is ad- vantageous to trade with your enemies is again under review by the United States and the Western European Governments.

From time to time many American and some Western European officials have almost reached the point at which,

in hopes of being able to lead quieter lives, they would Down..

be prepared to go along with the political extremists who. keep clamoring for complete stoppage of East-West trade.

Almost but not quite — and that is the situation

now.

At the moment

a practical problem is raised by the CITI- barrassing fact that Western Europe depends on Poland for some 10,000,000 tons of eval annually. Nearly 40 per cent of the colting coals entering in- ternational trade in Europe come from that Communist

country.

HONGKONG

SHARE

MARKET

Drift Checked On Wall St.

New York, Apr. 25.

An early downward drift wOS cheered. In the stock market today and final prices stood just about even with those of the previous day.

→

'

ROYAL

INTEROCEAN. LINES

SINGAPORE JAVA

PORT and

MACASSAR **TIITJALENGKA” "TASMAN" "TJIWANGI" "VAN HEUT82”

MANILA, EAST &

SOUTH AFRICA and SOUTH AMERICA

**TEGELEERG“ "TJIMENTENG" "TJIKAMPEK" "MUYB"

JAPAN

"TASMAN"

"TEGELBERU” *THKAMPEK” "RUYS"

"VAN HEUTAZ”

ARRIVALS .29th Apr. 4th May .110 May

. 20th May

ARRIVALS

8th May .17th May .14th May

SAILINGS

1st 07

17th May

SAILINGS

13th May

Early July

SAILINGS

ARRIVALS

9th May

11th May

19th May

.30th May

16th May

21st May

Section demands for ells, ale Agents: HOLLAND EAST ASIA LINE

Even with these Imports from Poland Western Europe is run- ning a coal defleit on the order of 15,000,000 tons yearly. To keep the machines running, not

keeping

houses mention worm, the region will have to morning totalled $253,047, Noon fractions to more than a point. import heavily from the United States.

lines, aircrafts and steels, came to the resoue around noon, wip- ing out many exit spots that had Business done on the Hong-accompanied a tag in buying kong

to

But how much in terms of doilars, goods the Poles would

other not otherwise get and

Polish economic factors is the coal worth?

If the Polish coal were not coming across there would be enother 10,000,000 tons added to the Western European deficit, Polish coal has to be paid for either in dollars (the Poles have not taken 10 using Moscow's new gold ruble yet for pricing their coal) or in goods,

BARGAINING WEAPON There is no doubt that by using coal as a bargaining Weapon Poland is able to push serious holed in the barriers the West has tried to build up against

exports of strategic goods and materials to Eastern Europe. But Polish coal can be paid for

while in goods United States coal for practical purposes cannot.

N the United States had to make up tha's 10,000,000-ton delet at is safe to bet the United States would also have to put up $250,000,000 for Western Europe to pay for it.

All these factors enter into the problem the West has to face. The Poles are still "laying their

be

Stock

Exchange this interest. Gains

prices and the morning's trans- actions:-

ranged from

Transfers 1,520,000. were United Aircraft, the 12th most

SHARES BUYERS SELLERS SALES Stive stock, closed 2% higher at 59 after stockholders approved a

BANKS

HK Dank .. 1350 3410

East Asia

INSURANCE

Canton

Unloa

HH Fire

Asia Nav DOCKS. ETC.

N. P. Whart Dock XD Provideat

SHIPPING

Whoelook

LAND, ETC.

301

233 249

100 G

105

£ã¢

5.10 122%

101 400 10 232

20

percent stock dividend and directors ordered

rdered a one-dollar cash payment on the increased number of shares.

Other gainers included Mara- caibo Oil, Amerkan Airlines, American

Radiator, American Broadcasting. Ammour and Com- pany, Gulf Oil. Zenith Radio, Lookheed, Eastern Airlines, Bal- timore and Ohio

HK Land, 2016 405 000 @ 301 Cyanamid. Shal Land .,, 2.05

C. Lt (N) 3.45

C. Light (D. 5.75 Electric..... Telephone

EUROPE via MANILA and MALAYA

· "LANGLEESCOT" "ARENDSKERK”.

•

Not calling at Manija Through B/L issued 10 Mediterranean and Northern European Ports,

JAPAN

"LANGLEESCOT" "ARENDSKERK"

+ via Manila,

ARRIVALS

In Port

18th May

SAILINGS 20th May* Mid. June

ARRIVALS

SAILINGS

18th May Miù, June

27th Apr.t

24th May+

and AmericanRINGSARCOING, THE HEHÖNES, 2001SETŐ, 2980125

Stumblers included

15 Railroads

10 Utilities

UTILITIES

Chemical and'

Tekontinental

Tram 11.40 Star Ferry

400

70

Coporation.

C. Light (a) 0.10

300

0.10

Dow Jones averages:

310 5.05

Stocks

92.84

23 23

1100 / 23

20 Industrials

254.75

160 1014 3000

81,02

1012

44.24

-Associated Press..

10 10%

Rape Dairy XD Watson

11 12 100 12

1752

1. Crawford 2315 COTTONS

Ewo

2.50

INDUSTRIALS

Cement

STORES, ETC.

TIN

MARKET

EASIER

morning

session

coal on the table" at Geneva to today. Turnover was 140 icns,

in the form of allocated, recommendations, by the Coal

Prices closed at the end of the Committee of the United Nations

ons official Economic Commission for

101 follows. Europe. These recommendations are almost invariably accepted both by the Poles and by the

countries' importing

govern- ments.

RUSSIANS OBJECT

·Because coal-is so scarce, some United States offcials would like to have it allocated by some purely Western body with more authority over its members- perhaps some group organised under the North Atlantic Treaty But nobody is Organisation.

enough. to think the Pales would bring their coal to such a body allocation.

for According to Western. sources there is! kloubt that every time the Poles work out their expert programme there is trouble in Warsaw between the Poles and the Husslang.

The Russians have not stopped the Poles from exporting west- ward because the Poies (and the Eastern bloc) thus earn 'dollars,

Bull the Russians do not like to see Polish coal stoking the furnaces of Western factories any more than the United States likes ste Western Екгореал machinery" making Bussan

to

cannons.

Japanese Bonds In London

Grain Prices

In Chicago

Chicago, Apr. 25. Prices of grain futures closed here today as follows:-

2,53-97-14 2.30-14

1.83-1

j.a1-

The tin market turned easier

London, Apr. 25,

Wheat-pike per bushel

Spot

May

2,32

including 55 tons for ca.

July

September

2.-31-24-12

December

Corn

as

Spot

May

July

1.155 1,165

September

December

Rya

May

July

1,145-1,150 1.to United Press,"

Jats

May

July

Spot in, buyer Spot tin, ecilors Business done al

1,170-1,160 Three-mantha un, buyers 1,145 Three-months in, sellera 1.150 Business done at Settlement

Exchange Rates

Business was

unofficial exchange

done in the Jucal market this morning at the folowing rates: Stering note (per £1)

13.00 US. dollars (pur $)

6.155 Indonesia guilders (per 100). 3.50 Slam Deals (per 100) FIC plastres (per 100) Singapore (Stra)

26.50

1.330

13.90

1.04-76-73 1.63-

1.09.12

2,04

1.82-15

00-7

New York Flour-per 200 lb. nack.

$13.30-United Press.

Bank Quotations

New York, Apr. 25. Closing bank quotations: Bank of America: 20% bid, 20% asked. Chase National; 351⁄2 bid. 37 asked. National City: 454 bid, 47% asked.---Asso- ciated Press,

British Newsprint

Shortage: Of

Hope

Alleviation

London, Apr. 25.

Britain may this summer begin to make news- print and paper by a new process which uses raw materials now discarded as waste, Mr W. T. Curtis- Willson, President of the Newspaper Society, dis- closed here last night. 41

40

40

London, Apr. 25, Japarose

bonds "A" (48..nf 1909) ....

**3" (in, of 1910) "C" (Ax, of 1907) "D" (08. of 1934) "E" (Js. of 1930)..

-United Press. New York, Apr. 25,

declined in Japaneso issues the foreign dollar section of the bond market.

Console

of

50-16 Speaking at the annual din-1 print and paper production. 74-17 ner of the Society-which He cald that two-thirds 40-represents the proprietors of the world production of news- United provincial - newspapers - Mr. print went to_the_

disclosed Curta-Willson

the States, with a population of 100 caused by the million, while the remaining difficulties shortage of newsprint and its third was shared by the 2,500 millian people in the rest of 78 rising price, Ujigawa Electric Power dropped

"This summer we shall have the world." 2- points

and

A real "We face a famine, Yokohama Os lost two points. in this country the beginning of Other Japanese issues were ir- a new source of supply of pulp, femine in paper, not only news- chail make print but every form of paper," regularly lower. Associated from which

malci.

"A new source of Press.

newsprint," Mr Curtis-Willson he

supply mist; be provided."==" doclared.

Reuter.

COPPER DUTY SUSPENSION

!

wo

"It will not be an avalanche. It will only be a trickle. Be hind it are tremendously power- ful concerns. And if, as I firm-" ly bellove, this trickle of pulp proves that we can make new The Senate today, approved,, print from raw materiala, at amendments, a House- presen; untapped, we shall have approved, bill to suspend the embarked upon a new era fot Import duty on copper under our newspapers certain editions,

with

Washington,, Apr. 25,:

the tariff of

* Suspension of the

ESSENTIAL SUPPLIES CERTIFICATES Application Formá

for

Mr. Catle Won mold: "This Essential Supplies · Contili- tremendous achievement. cates may be obtained from larged by the Department of materials in the world that are South China Morning Post We are really going to use raw,

has been di

Limited. fons

Defence, and other Government at present going to waste, ut agencies to help bring in more rbers are Milfor

urejen soppur & fuck 0.8. pro of Thisted thuid raw materials 10 CENTS EACH. Chocol about #51 percent, which X Biope we are, going to,

of its needs.'im: Angpainted Prem, I bring Into the field of news-

PATTISON ORIENT LINE Limited

DIRECT SAILING TO

NEW ZEALAND

(AUCKLAND

-WELLINGTON)

Subject to Sufficient Inducement

S.S. UNION TRADER

LOADING HONGKONG ON OR ABOUT 9TH MAY

12-14 Queen's Road, C. Tel. 25840.

Chinese Agent:

OVERSEA CHINESE STeamship co.

48 Bonham Strand, West, Tels: 25040.

& 31119

THE HONGKONG 'AND SHANGHAI BANKING

CORPORATION

Head Office: HONG KONG' London Office: 9 Gracechurch St. EC3.

Banking business of every kind transacted.