1951-05-01 — Page 9

MESSAGERIES

M

"LES ALIERES" "CDT DORISE"

"ARRIVALSTM

from Europe

from Japan

SALLINGS

MARITIMES

M

PASSENGER/FREIGHT, SERVICE

"LA MARSEILLAISE" "LA MARSEILLAISE" "FELLY ROUSSEL"

"CDT DORISE"

SAINT VALERY"

"BRIANCON"

to Japan vis Manila

3rd May

5th May

6th May

to Marseilles via Manila 19th May La Marselles

FREIGHT SERVICE

23rd June

N. Africa & Europe 6th May N. Africa & Europo 23rd May N. Africa & Europe 23rd June for

POET SAID, TUNIS, MARSEILLES, ALGIERS, ORAN,

TANGIER, CASABLANCA, HAVRE, DUNKIRK, ANTWERP & ROTTERDAM.

CIE DES MESSAGERIES MARITIMES

Queen's Building

Tel. 26651 (Three Lines)

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

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

NEXT SAILINGS

ARRIVALS FROM U.S.A.

M.S. "PETER MAERSK"

M.S. "LEXA MAERSK”

M.S. "SALLY MAERSK"

M.S. "CORONA”

M.S. "ANNA MAERSK”

M.S. "GRETE MAERSK"

In Port May 16 May 31.

May 19 June 2 June 25

For Freights and Further Particulars please apply to:

AGENTS:

JEBSEN & CO.

Pedder Building

Rumania

Tel. Nos. 26661-3.

Planning

Rises In Industry

In New Programme

Bucharest, Apr. 30.

Rumania's new five-year plan covering the years 1951-56 will aim at intensive development of heavy industry to increase the country's military economic potential, a speech by M. Constantinescu of the Rumanian Workers (Communist) party re- veals...

Gross industrial output in elsewhere earlier have indicated 1995 is scheduled to be 244 per hat in 1955 Rumania hopes to cent of thal in 1950 and roughly turn out 1,000,000 metric tons of pig iron against about 300,000 ve times as great as in 1948, uchieve this the number of Το

tons last year and about 130,000 industrial workers is to rise by 1ons in 1938. 537,000 in the next live years while The Total niernber of workers, technical personnel and office employees will reach tion programme. This will in-

3,000,000 persons,

calls for The plan for 1955 output of 1,252,000 metric tons of steel that year as compared with about 500,000 tons last year and. 201.000 ions In

This first Rumanian five-year plan envisages a major construc

1940.

mation,

fron ore output in 1955 major

clude completion of the Danube- Black Sen Conn) and inaugura- tlon of the Bucharest-Danube Canal, to be begun in 1954-55, During 1951-55 the plan calls for the construction of the Lenin hydroelectric eight smaller hydro- 700,000 ions i the plan is electric plants, eleven thermal

alised, roughly," a

a four-fold

electric stations, a new iron and Increase

estimated over the

#teel combine, and factorles tons obtained last year, producing 175,000

machinery, Rolled steel production is to

furbines, electrical machinery, reach 828,000 tons in 1955,

M. Constantinesca revouled fertilisers, building materials,

pet and the like,

Indirectly that Rumanion roleum output is stili substan- tally below pre-war levels. He declared the 1955 goal to be 10,000,000 metric tons or 180 per cent of 1850 output. This that last year Rumania induced only

about 5,500,000 metric tons of petroleumn, sub- stantially under the 1938 figure

of 6,000,000 tons.

POWER

is to

CAPACITY

heavy

London Stocks'

Dull Day

for

was

London, Apr. 30.. The Stock Exchange Bull today except for Indur- Total capacity of thermal and trial shares, which showed good machine tools, hydroelectric stations in 1955 demand

equipments, and ba 1,700,000 kilowatts. electrical Rumanian electric generating engineering issues, Textiles anil capacity last year was reported other recent popular items were to be 600,000 kilowatts and the quiet and occasiomity tower 1900 goal set by the country's

electrification ten-year gramme is a capacity of 2,000,- 1000 kilowatts.

pro-

Machinery output of all kinds is to be raised sharply in the next five years. Five times as

IT:

13

Oils, following Initial weak- ness, showed good recovery des- plle steps towards nationalisa- Lion in Iran,

Tins and rubbers were lowyor following reportta that the Malayan. Governmen was

were

many electric motors and four studying plans to freeze up to times

many transformers one-third of sales proceeds as are to be turned out in

1935

an anti-inflation move. 1950. Total machine In

Government bonds production in 1995 will be 210 per cent of 1950 with particular steady to slightly lower levels, emphasis on mining machinery, were inclined to be heavy.

Fold mines and coppers tractors and agricultural equip

ment.

unti

The Financial Times" Index

132.0-Associated Press.

M. Constantinescu's meech was declared that 1955 coal produc- tion is to be 3.3 times the

pro-

war level, implying a goal of roughly 7,000,000 or 8,000,000

Copra : Quotation

UK Trade With

THE CHINA MAIL, TUESDAY, MAY 1, 1951.

Big Decline

Export Of

Red China In

London, Apr. 30, "Britain "has ́exported Kooda worth UN$3,014.- 800 to Communist China during the past three monis.

Shawcross,

Sir Hartley President of the Board of Trade,

gave this Akure when asked In the House of Commons today W!int inls strategic

materials

sending to He sat there is Do generally accepted de. inition

'stratextc materials.**

country

China,

of

Sir Hartley isted Clem following among the ex- ports: Iron und sicet maan. factures. $044,009; vehicles, including locomotives, ships and aircraft, 3198,000: electrical goods and ap-

$400,000, paratus,

aud chemicals, drugs, dyes and colours,

5204,000-ASSO. elated Press,

NY COTTON

MARKET SOFTENS

Kont

New York, Apr. 30, Colton prices today softened in active dealings, feeling the impact

of the

weather news and a sharp expansion in the volume of May liquidation. The inflationary sentiment gen- erated late last week died out uver the week-end, The Korean war news also seemed to lese its influence as trader: became weather-minded," The map did not show. too much rain, but

advices in. private adv dleated light to heavy muisture over the South-West. The rains

especially welcome Texas sections where the crop had been running three weeks lu a month late because of dry- USS und coul temperatures.

sald the Traders

rains and warmer temperatures would be very beneficial,

over

The slow demand for textiles and reports that mills were re-selling raw cotton out of stocks pointed up the recent In- crease in Liquidation in May Biolivery,

market experts sal. -Spot month has held at the celling price since trading was resumed last March 8. Dealers wondered what the effect would be un new crop munths It May delivery dipped below the cell- ing price.

A leading spot Interest sold about 75,000 bales In May delivery, including 25,000 bales at the ceiling price and another

Open

50,000 balcs on the Exchanges

against July purchases, contracts in May at the start

of trading on Monday totalled 280,300 bales. Blog observers thought that this position would

be

to-below

whittled down 125,000 bales at the opening un Thursday:

'Bearish sentiment increased following the week-end report by

International the

Cotton Advisory Committee which sald that an upward trend in cotton prices appears to have been more than momentarily versed. The market closed to off 23 points. Prices closed today as follows;-

Spot

May

July

October

December

March (3052)

May

July

October

40.00

45.39

re-

43.23 .45.25 39.83 -33.94 30.46 -30,47 39.30

38.21

30.81 30.85 bid -Unked Pres.

NEW ORLEANS MARKET

Spol

May

July

October

Deceinher

March (1632)

May July

October

Closing rute April 30.

44.81

43.39 bid

40.20 39.78-39.30 30.35 30.35

39,18 bld 30.70 bild

36.78 bid

United Pre11. ·

Grain Prices

In Chicago

Дров May July

"September December

Cora

"Chicago, Apr. 30. Prices of grain fulures closed here today" da follows:-

Wheat-prio per buriel. '

2.4912 2.4911-1 2.4972-70

2.5415

1.04. 1.8132-12 1.851-185 1.921-1 1.00-14

2.07-2.07 2.83

British Coal

1,000,000 TONS DOWN

London, Apr. 30.

Decrease of over one million tons in coal ex- ports from the Humber ports in the first 12 weeks of this year, compared with the corresponding period in 1950, is indicated by statistics issued by the Docks and Inland Waterways Executive.

A statement accompanying the figures, points out, however, that excepting coal traffic, trade at the ports continues to move towards pre-war volume..

In the four weeks ended March 26, imports amounted

to 557,611 tons, compared with 501,825 tona a year

ey.

previously. Exports, clusive of coal, &c., totalled 98,573 tons, against 96,693 tons.

HONGKONG

SHARE

MARKET

The export of coal, coke'und patent fuel declined from 000,433 tons in March of last year, to 358,949 tons in the same month Business done on the Hong- of this year. In consequence of kong Stock

this Exchange this decline, the tolal trade figure morning

to amounted

only for the period,

15.133 tons, 590,500. Noon rates and the compared unfavourably with | merning's transactions were:- the 1,100,951 ions recorded last

your.

The aggregate figures for the volume of imports in the first 12 weeks of the year, and the cor responding period in 1950, were 1,673,263 tons and 1,500,230 tons, respectively.

Exports, excluding coal, &c. tetalled 283,503 tons, compared with 254,089 tons.

The coal export figures were respectively 738,037 tons and 1,828,888 tons. The total trade. therefore, amounted to 2,090,703 tons this year, against 3,581.807 tari in the same period last

year.

SHAUER BUYERS SELLERS SALES BANKS

JIK Bank

Esat Aula

INSURANCES

Cantun Union

1088

102

245

740

SHIPPING

Asla Nav.

DOCKS, ETC.

K. Whart N. P. Whart

Deck Provident ...

LAND, ETC.

HK Land XB Sat Lond

UTILITIES

Trail *

30

16 5.10

Ja

1012

-

Extra U.S.

R.

Cotton RIL

Allocation ROYAL

Washington Apr. 30.

The Agriculture Depart- ment today allocated an ad- ditional 200,000 bales of cotton for export for the Beason

31, ending July despite prospects of the amallest harvest in 25 years. Twenty-three countries in Europe, the Mid-East and Latin America will benefit by the new allocation.

The allocations incluks For. mara 0,000 bales; France 33,000; Sweden 4,000;

and 1,000;

the United Kingdom 25,000,

Yugoslavin 30,000; the Nether- lakis 10,000; Denmark 2,000; Lanxembourg 20,000; India 9,000; Finland 4,500, and Spain, 10,000,

Many countries have been

·enger to get

Colton more mixleratoly shortages dina veloped. The new release brought to 3,090,000 the num ber of bales allocated for ex- port during 1950-51. The to- tal, together with exporis not under allocation, is expected to bring úverall exports during The year to some 4,200,000 bales.

Omelas expected the carry- over of cotton on Aug. 1, 1951, will be somewhat less than 2,000,000 bates if domestic con- umption continues at the current levels for the rest of the

season. This would be the smallest carryover since 1925. However, Department

officials said today's allocation would not seriously deplete domestie sup- plies,

They said the Department has every assurance that this year's cotton acreage goal will be met and that under normal conditions It will produce a 18,000,000-balo crop.

That would be sufflelent

to meet the nation's domestic elvilian, military and export

1.03

Star Ferry

12 1500 72

11

ne:ds for 1951-52.

Light (0) 6.30 6.20 500 C. Light (N) 3.80

0.13

C. Light (.) 5.90 1000 5.80 Zivetric

23 23 1000 * 2314

2000 # 23

Tel. (New) 0.20 INDUSTRIALS

Cement..... 101% 1074 Dairy

174 1735

MORE OIL CARGOES Statistics relating to the various commodities show that in the four weeks ended March 25, some 177,508 tons of oil and spirit were imported, compared with 127,009 tons in the cor- year. responding period last Other imported commodities in which substantial increases were recorded included grains (75,503 tons against 41,573 tons). timber other than pilwood and mtning timber (35,516 tons ngainst 10,492 tons), chemicals The

and chemical fortilisers (20,856 tons against 18,283 tons), and wool (13,075 tons against raw, w 8,121 tens).

Reductions were recorded in the import af iron and steel (27,752 Lons anufactures Against 78,200 tons), iron-ore (13,639 tons against. 38,442 tons), oil-seeds and nuts (17,486 tons against 28,022 tons), pilwood and mining timber (1,175 tons against 15,323 tons), and "other commodities (55,476ions. egalust 65,562 Lons).

CHEMICALS UP The export of chemicals and chemical fertilisers during the period under review, amounted to 18,057 tons compared with 4,300 tons last year,

The export of vehicles and machinery also increased, but

decreases were recorded in the export tonnage of oil and spirit,

and building

road-making materials and woollen goods,

The number of vessels (ex-

cluding trawlers) using the porta was 720 of 863,039 net tona Last year

the corresponding Agures were 877 and 716,008. The figures for the first 12 weeks of this year were 2,004 ships and 1,732,060 tons, and for the com- parable period last year, 2,478 ships and 2,043,017 tons.

Pepper Prices Nominal

1

Wation

L. Crawford 25!

70 18

The Rubber

Markets

London, Apr. 30, Prices of rubber futures closed here today as follows:- Number 1 rubber, in cents per b. June July

October/December January/March

54-12-30

44-54-12

53-33-34

31-31-14

407-49-12

UnitedPress.--

SINGAPORE MARKET

Singapore, Apr. 30. Prices of rubber futures closed here today as follows:- Number 1 rubber,

per 1 April May June

Number 2 rubber,

April

Number & rubber.

187-15-188-12 11180 183-4-163-7

101-%-183-95

Number 3 rubber,

April

170-15-177-12

171-172

189-790

April Spot rubber,

unhaled Black crepe No. 1 pale crepe

145-147 209-210 United Press.

LONDON TIN MARKET

London, Apr: 30. The tin market was sicady despite a fully heavy turnover. which amounted to 100 tons, including 40 tons for opoi.

Prices closed at the end of the official morning ression as follows-

1,155 1.100

New York, Apr. 30. Spice dealers reported a very Spot Un, buyers quiet situation in black pepper Spot tin, sellers one other divisiona

1,120-1,500 of the Business done at

Three-months fin, buyers 1,150 trado.

largely Three-months in, sellers 1,155 nominal. Bombay offerings Business done al

1,109-1,150 Bottement

100 were reported at between $1.83

United Press. -1.05 a pound, including cost and freight,

Prices

were

Another, source pointed out that while the Indian monsoon 2/3115-not-expected--until-around.

May 15, some rains have started in the Nothern part of Mala- bar and will malce operations more and more difcuit in the weeks to come.-United Press.

Spot MAY July September December

Ryo May July

Date May July

New York flon per 300 1b, sack. $1325 --United Press, N

*0076-00

0036

TEXTILE' MARKET

New York, Apr, 30. The cotton" textile markot was quiet today. There wero. light re-sals, offerings, of print cloths. The balance of 'the mar New York, Apr. 30.

ket was without feature Dealers quote! copru no- buyers -awaited specific colling output is estimated to minally at $240 per short ton, regulations, possible tile "work. have been around 3,300,000 C.I.E the Pacific Couat. Co The wool Hooda market was

conut oil wae, quered as 1011⁄2:quiet, fewe He gave no spedito pie iron centra pound: 7.0.8. mills Rayon goods were dull- culput goal but data published| United Freas.

sociated Press,

tons,

Year's

tons.

Including lgnite. Last.

U.S. TREASURY

Washington, Apr. 30. rotsury position:

Steel Record

New York, Apr. 30. The steel industry wil estab- ish now high marks in both tonnago operating rates and output this week,

The American fron and Steel

A diplomatic effeial said that the Spanish commercial coun- sellor 2, Luis Garcia de Llera, plans to visit the Department on Tuesday to say that Spain's new allocation of 10,000 baler is not sufficient. Mr Llera intends to remind officials that the Export-Import Bank gave Spain #loats of $5,000,000 to buy 23, 000 bales cotton which is the minimum amount needed by the Spanish textile industry. He recalled that Spain used to be one of the best customers for United States cotton, buying on an average of 200,000 boles year- ly. He added that it seemed surprising that Spuin should re- ceive a quota of 10,000 bales when Yugoslavia received 30,- 000.-United Press.

British

Newsprint

Difficulties

London, Apr. 30.

INTEROCEAN. LINES

SINGAPORE JAVA PORT and

MACASSAR "TITTJALENGKA" "TASMAN" "TJIWANGr" "VAN HETSZ"

MANILA, EAST & SOUTH AFRICA and SOUTH AMERICA

"TEGELRENG"

TJIMENTENG" "TJIKAMPEK"

"RUXS"

❤

JAPAN

"TASMAN" "TEGELBERG' TJIKAMPEK"

"RUYS"

"VAN HEUTSZ"

ARRIVALS

In Port 4th May .13th May .20th May

ARRIVALS,

8th May. ................... 19th May 15th May

ARRIVALS

SAILINGS 3rd May

Late Mar

17th May

SAILINGS

17th May

Early July

SAILINGS 9th May

late May

15th May

21st May

.Early July

Mid June

21st May

Agents: HOLLAND EAST ASIA LINE

EUROPE via MANILA "and MALAYA "LANGLEESCOT" "ARENDSKERE”

· Not calling at Manija Through 18/L Issued 40 Mediterranean and Northern European Parts,

JAPAN "LANGLEESCOT" "ARENDSKERK"

† via Manilá.

ARRIVALS

...18th May

ARRIVALS 18th May .Mld, June

SAILINGS

20th May* Mid. June

SAILINGS

24th Mayt

EEKINGSBURDANOZZLELEPHONES 2000 TOÍSA

Allowances For UK Shipping Companies

London, Apr. 30,

During the Budget debates, the Chancellor's claim that the suspension of the initial allowances as from April, 1952, was a reasonable way of restraining capital expenditure was generally, accepted.

He neatly turned the tables on those who had been hinting at a rise in interest rate to do the same job by pointing out that these allowances were, in fact, no more or loss than an interest-free loan from the Government.

on

Several M.P.s, however, argued case, whether it is argued on "the case for a special exemption the technical ground that the to be made for the shipping in- Chancellor's warning of one dustry. Mr Maclay especially, year is not sufficient, or whether who reminded the Chancellor it is argued the wider that the pre-war fleet of passen ground that shipping is vital. ger and dry cargo ships has not both strategically and econo- been rebuilt, asked whother the

themically. Chancellor

'really wanted to But if the Chanceller is pre- a restraint

on the expan-pared to open the way to an of the Merchant Marine, or exception here, he can hardly whether

he had cumciently atop at shipping. There taken into account the time other industries which necessarily involved in construc-economically vital, and whose tion,

equipment takes long to pro- duce.

place

Bion

In his reply to the debate the

A GOOD CASE There can be no doubt that the shipping industry has a good

are

dro

There can in fact bo few heavy, Industries

which can hope that orders placed just

bo

British newspapers will-page-Chancellor admitted that this was £00 per ton for Hghtweight

a case which might merit special consideration.and he undertook newsprint reels, the Publishers

to look further into the point. Co-operative Pool announced

To aid him in this task, the before the Budget will today. The price of a single

Shipping Industry has now ask-executed within the year. copy of London's penny press is

ed him to receivo a deputation. The

British

Electricity expected to be raised 30 per cent

Authority is only one example On May 7. Several Scottish

of such an industry-one. more papers have already raised rates.

over, that might claim that is calculations have been sadly put Groat Britain now consumes

tons 750,000

of nowsprint

out by the Chancellor's decision. CRIPPLING LEVEL annually, compared with 1,200,- 000 tons before the war.

The Chancellor's intention In It

withdrawing produced

Initial 544,000 tons at home

lowance was not last year, compared to 800,000 before the war. Canada supplies 100,000 tons of the difference bo- tween home production and con- sumption and the balance comes from Scandinavia, Great Briinin re-exports come 100,000 tons a year to Australia.

was

The Government-pegged price for home-produced newsprint this month at a few shillings less than £60 per but Scandinavian suppites ton,

expected to cost more dur- ing the second half of 1951,

Negotiations are now under way on prices for 1051 con- tracts from July onward. A new coat-factor has been the export tax of around 28 por ton imposed by the Scandi- navian countries-United Press.

Institute estimated mills would New York Sugar

work as 104 per cent of capacity and produce" 2,079,000. lada of Ainished Total Debt: US$254,081,735,093.87 high operating mark was 103.6 seal. The previous A year ago: US$205,373,290,477.84 per cent in the week of March Gold Assols: US$21,800,344,014.90 20 and the previous high dọn- A year ago: US$24,340,070,312.47 nago was 2,000,000 in the same

------Associatsid Prost."

Bank Quotations

Now York, Apr. 30. Cicsing brink quotations: Bank of

America 20 % bid, 28 9% asked Chinse

National 30 bid¡ . 38 a askad... National

City -40 bld, 40 asked."-- ----Associated Press.

week-Associated Press,

Exchange Rates

fo Burigaan way dose in the local isnailicials exclip maricat thi | Fortting a) the following rulespum

Breyting note: (Der R1700 18.79)

Indonsela, gufidere, par: 100) 200 250, A fatty- Lical. (per 100) 325. 20.60% Bingapore (alto)

PRO" Diander, (per (100)'

Futures

Now York, Apr. 30, World sugar futures closed here today 2 to 14 nolats higher, | with sales totajling 221 contracla Contract No. 0 closed 5 to 6 points higher, with sales totalling 258 contracts,

Closing prices:- Contracto, 4 (world)

·Maxi

July

September spal

stract/No.

Heyt

Wall Street

Takes

the

to stop re-

Rest equipment but to make it mors

expensive.

The assumption on which his action was kes was that only those industries which could

New York, Apr. 30, Gains for some oil stocks and ather favourites just about off-finance their equipamont with- sot lossce in other sections of out the loan from the Gover today's market.

ment would be able to con- Early price rises ranging 10.

tinue with their plans. US$2 more than

a share for]

If he admits shipping on an chemicals, rails and rub

exception, as he should, he will fnded somewhat

under als

have to admit Closing selling.

levels

that die whole level of taxation on th Irregular with" a wide ductry has reached a crippling

late were scattering of declines,

level.

India--Raising

Tea Exports

Urgent

Dressura in either direction was Lacking. The. market appeared willing ̈ lỡ take a rest in the wake of lost week's climb to within striking distance

of its high for the, year.

Dew Delhi, Apr. 80 -Standard Oil (N 3,) held on to India's 1933 ton export an advance as directors ordered get, regulated by the Intrige and extra 25 national Tea a regular $1.50

Agreement, has cent dividend, Other, Issues been intressed to 470 million ahead Included Chics Service, pounds weight. This compared Goodrich, American Cyanamid, with exports of 435 million Union Pacific, Southern Paciuc, pounds in 1049 6mm 450 ml- International Telephone, Ameri- lion pounds in 1950,

Broadcasting. Trinsworkd Britain, the main buyer öf Airline and U.S. Rubbor,

Indian des, imported 327 million Falling back werd Philco, pounds in 1949 and 247 million Zenith Radio, Bethlehem Steel, pounds lat year-Router. ( Chrysler, Santa Fe, Fexns Guit

Producing, Du Point and Amerl-Exchanges In

cak. Can.

In the bond market. Japanese issues were fractionally lover,

Dow Jones Averages: Stock

Canada

NY

4.00, 0.03 traded 8.03 treded

0.00

Now York, Apr. 20.

Closing foreign exc

20 Industriale 15 Rails

3.0.75 traded

6.50

10 likes

94.QA | Belgium 259.190jana

13.52 42.80

wisserland.

Argentina

unct

--Associated Press. :

Press,

BAF traded

United Press.

KANGO