1951-05-11 — Page 9

Page

MESSAGERIES

M

"LA MARSEILLAISE”

ARRIVALS from Japan

SAILINGS

MARITIMES

M

PASSENGER/FREIGHT SERVICE

18th May

"LA MARSEILLAISE” ......... to Marsellies vis Manila 19th May "FELIX ROUSSEL” ................ to Marseilles

........ 23rd June

“BRIANCON"

FREIGHT SERVICE

N. Africa & Europe 24th May for

PORT SAID, TUNIS, MARSFILLES, ALGIERS, ORAN, TANGIEŃ, 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

M.S. "LEXA MAERSK”

M.S. "SALLY MAERSK"

M.S. "CORONA"

M.S.

ARRIVALS FROM U.S.A.

"CORONA"

MS. "ANNA MAERSK” M.S.

"GRETE MAERSK"

May 15 May 31

June 14

May 19

June June 23

For Freights and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Pedder Building

Tel. Nos. 26601-8.

Canada Asking Orders

Defence

From

America

Ottawa, May 10..

Canada will-open-a-drive-to-get-more United. States defence orders as a means of overcoming a worrisome trade deficit, trade officials said today. The deficit has climbed to almost $125,000,000 for the first three months of 1951, the highest in history.

Experts sold one reason for it is that Canada is not getting as much defence business from the United States as had been ex- pected.

We can handle miuré con- tracts for guns, electronies, air- craft and ammunition,"

official said.

one

"The United States has given us some contracts, but they are nol enough,"

Seriousness of the continuing

defelt was pointed onleitt

at added, Washington meeting

up. the

Decline In

US Imports Of Silk

New York, May 10, recent The American Silk Council

of Cana-reported that the United States dian trade commissioners and silk imports during April to-

trade

representatives in talled -2,150 other

boles the lowest the United States.

figure for over a year-as com Ollaws

officials at the meet-pared with 9,722 bales in Ing urged American companies | same month of last year,

with defence contracts to place

sub-contracts · for

parts in Canada,

Forecast

THE CHINA MAIL, FRIDAY, MAY 11, 1951.

Small Crop Expanding Output Of UK Armament HONGKONG

Washington, May 10. The Agileulture Depart- ment today estimated the 1831 winter wheat crop, which has been reduced by drought and inscots, at only £82,196,000 bushel, This would compare with the 1050 crop of 750,000,-

000.

The April 1 estimate for the 1981 winter wheat Grop

*120,000,000 WAS bushels an estimate which had dashed hopes for the much needed carryover of 500,000,000 on July 1, 1982. If the 1951 crop turns out as now forecast It will be the smallest slice 1843 when only 637,000,000 bushet were produced. United Press.

Newsprint Situation In US

Washington, May 10. The Government said today that 1951 newsprint supplies were estimated at 50,000 tons above probable needs but a reduction of waste is needed in ease the picture changes,

1951

was

Factories

(By AN INDUSTRIAL CORRESPONDENT)

London, May 10. Lancashire's largest ordnance works, nt Wigan, has started on its contribution to the Bri- tish defence programme with a productivity rate 20 percent above that recorded in the war years.'

This factory makes shell bodies for the Army and Navy, in a 3 to 6 inch range, one of its principal items being the 20-pounder used on the new Cen- turion tank guns now in production at Cardiff.

Like the Cardiff factory it is a product of the last war. In December, 1939, the Wigan site was still schedul- ed as a cemetery. By June, 1940, the establishment was

performance. When neorganisa- tion is complete 80 per cent

estimated, that productivity will rise to 33 per cent above t previous level,

has so far been achieved-it is

turning out 25-pounder Downward

shells.

Tendency: In Stocks

New York, May 10,

A slow retreat in the stock markot put prices down in vir- For-ually every major division to

and

day.

tunately the opportunity Was Looses extended to about $2 a

production a view

talten to reorganise methods, mainly with a to incketin to tackling a longer range of

some

Several millions of these shells were produced during the following five years but with the end of the war the number of workers had to be The National Production cut down by four-fths. Even Authority told a meeting of then the factory had to under- publishers" that it has no limita-

take civil production to keep tions

use of going and its planned on the

new output in- auded and that none may newsprint

statore for dectric motors and generators, be necessary if the conservation programune

coal-mining in successful.

equipment. The N.P.A. Said that about 539,000 tons of newsprint will

share generally with use be avaliable for domestic

pushing down 54. this year if United States and

There was no particuler sell- The value of Canadian production holds

this mawa ng pressure evident for the Consumption

which included in particular

as a whole, and some the introduction market estimated at 8.5 per cent above

Controlled

issues actually made

progress 1949. N.P.A. said that if pre-of

Intpection

against the trend. dicted this year's consumption system, has been

well

proved

Rubbera moved forward and In the last twelve months, since would be about 5,889,000 tong- sbout 50,000

the factory closed down civilion utilities held about unchanged tony below

-work to start on a 100 estimated production.

per centou, balance

At one time or another sugars A State Department ofelul maments programme,

The todd the iiblishers

basic principle of this and some scattered issues added about

a faw cents to more than $1. Inspection help Controlled plans Government

which, inc

incidentally, much im- Steels, chemicals, motion pic provide newspapers in friendly

Continental and Ameri- tures, distillers and nonferrous those pressed countries. particularly

industrialists when they

metals were dragged down. neur the Russian borders, with can

visite: the factory last autumn,

U.S. Rubber WIS up over newsprint necessary

is that the

a point with that the shell body and all

others in that tinue publication,

category following along, through large

components

Dow Jones Averages: production stage by a every fixed route on which they are examined at frequent, specified order is being prepared to give points. Work in the Machine

industry generally better priorities for maintenance, re- Shop in split up into 20 or 30 simple operations, cach taking placement and operating sup-sim plies. Rubber rollors would be about included. The sulphur shortage me almost entirely

jobs on these

mean

domestle supplies.

The

The

Ave

N.P.A.

to

10

-

not It will

drain 011

said

that

11

two

travel

system,

Women

minutes:

which include

employed

of this Important advantage

is probably the most important such processes as fuse-hole bor- factor affecting newsprint pro duction but so far there have grooving, riveting, band

pressing and shot blasting. been no newsprint production niner but cutbacks caused by the luck of chements. The agreed conserva- tjon programme was the most practical method to avold having newsprint placed under Government limitation orders.- United Press.

|NY COTTON

FIRMS UP

AT CLOSE

Now York, May 10. Cotton futures softened after

Stocks

20 Industrials

15 Railroads

10 Utilities

260

42.50

-Associated Press.

Slight Fall

In British Exports

London, May 10.

The volume of U.K..exports

in the first quarter of this year

regular inspection is that ΠΟ unnecessary work is done on a faulty body since the piece Is refected immediately the fault is discovered and not, as was previously the when it has reached the end of the production line.

__GROUP_PIECEWORK. Another advantage of new system is that it facilitates the operation of group piece- work. The groups vary a size from six to a dozen or

For manufactured more workers according to the

goods the ***

total operation, and their piece-work 101, which was about the same volume of exports WA9 earning's are cakulated for as the 1950 average. The Index each group 33 a whole. It is number for textiles and cloth claimed that this

team spirit.

the

encourages

SHARE

MARKET

Only $18,442.50 worth of busi- ness was transacted on the Stock Exchange this morning. The morning's transactions and noon prices:-

SHARES BUYERS SELLERS SALES BANKS

IK Bank INSURANCES Canton XD Union XD, Underwriters SHIPPING

AKSA NAY.. DOCKS, ETC.

N. P. Whorf Wheelock " LAND, ETC.

HK Hotel Stial Land UTILITIES

Trom

225

21340

•

100 715 15 7125

3.20

1

3

5.00

1.15

11.25

C. Light (0) 4.10 C. Light (N) 31⁄2

C. Light (03) 5,75 Electric

INSURANCES

Cement Hope STORES, ETC.

Dairy Wacnon

500 in 6.15

2014

113% 12%

17 17.30

LONDON TIN

MARKET

.

London, May 10. The tin. market closed barely steady at the morning session. Turnover was 90 tons, including 05 tons for cash.

·Prices closed at the end of the official morning session

follows:~~~

Spot tin, buyers

Spot Un, sellers

#3

1.130 1,140 1,145-1,148 Busine done at Three-months tin, buyers 1,120 Business-done-at- Three-months in, seliers 1.130

1,130-1,123 2.140 Settlement

-United Press.

Slow

In Pepper

Market

New York, May 10.

R.I.L

ROYAL

INTEROCEAN.

SINGAPORE JAVA PORT and MACASSAR

“TASMAN" "TJIWANGI” *VAN HEUTB2" "TJIBADAK" "TJITJALENGKA”-

• Now calling at Singapor

MANILA, EAST & SOUTH AFRICA and SOUTH AMERICA

"TEGELDERG” "TJIMENTENG" "RUYS"

"TJIKAMPEK"

→ JAPAN

“TEGELDERG” "TASMAN” "TJIKAMPEK” "VAN HEUTSZ” "TJIMENTENG" "TJIBADAK"

"RUYS"

+ via Manila,

LINES

ARRIVALS

. 13th May

SAILINGS Early June 18th May

Cik Juno

24th May 22nd May

iwi June

ARRIVALS

10th May ..16th May 19th May, ARRIVALS

16th May

SAILINGS

18th May Late June Farly July

SAILINGS

Early June

21st Mayt

23rd May

25th May

23rd May

Mid Jone

Early July

Agents: HOLLAND EAST ASIA LINE

EUROPE via MANILA

and MALAYA

"LANGLEESCOT"

"ARENDSKERK"

•

not calling at Manila.

Through B8/L [artied to Mediterranean and Northern European Ports,

JAPAN "LANGLEE÷COT" "ARENDSKERK"

ARRIVALS

SAILINGS 20th May.

.28th May

ARRIVALS ***.....18th May

.10th June

12th June

SAILINGS

24th May+

+ via Manila,

KINGS BULDINGENDERONESE LUBEDREZ

The Black pepper market re- PENINSULAR

mained a slow, nominal affair. Sellers indicated $1.00 a pound on an ex-dock basis, with ten- tative buying--interest to 2 cents lower.

Dealers said the market Was getting into

more of a "pre- convention mood." The America Spice Trade Association's 45th meeting will be held in North Carolina on Monday and Tues- day next week.-United Press.

New York Sugar Market

New York, May 10. Domestic sugar futures No, G was 100 per cent of the 1947 closed one lower to one higher.. average compared with 162 per November

World sugar futures: cent in the year 1950 as a whole July and 175 per cent in the last March quarter.

Itaw spot

Miny

8.02 bic

0.00 bld

3.40

5.43 nominal 0.35 Associated Pres.

Exchange Rates

QUIS NOS SEPARABIT

& ORIENTAL

STEAM NAVIGATION COMPANY

R.M.S. "CANTON"

SAILS:

NOTICE TO PASSENGERS

BAGGAGE:

SATURDAY the 12th MAY at 5.00 p.m. for the UNITED KINGDOM via Straits, Colombo, Bombay, Aden and Port Said.

ALL passengers luggage must be sent to the Hongkong & Kowloon Wharf Co.'s Godown at NO. 2 GATE, 'CAN- TON ROAD ENTRANCE by NOON. on FRIDAY the 11TH MAY.

Business was done in the local SPECIAL NOTE: With the exception of hand packages.

market

ing, at 187, was above the 1950 Certainly these

unofficial exchanite Lancashire average, a steady opening but frmed ot

The volume of imports at 120 Herning at the following rates close

factory girls show the

on local covering

a terrific (1947 equals 100) was about 5 Sterling note (per ) energy-and their work is for operations. Crop news was

from light: it is quite common 1950 and compared with a figure in ticals iper 105) per cent above the average for VB. dollars per $13

Indonesia guiders (per 100) again mostly favourable.

for a

a girl The market opened unchang-

first quarter of Singapore (Straits) the111 in the in putting ed to up 3 points. It dipped in steel per to move 61⁄2 tons of

last year. The index number FIC piastres (per 100) out into and losses of 3 40 7 points, then work

of her for raw materials, 129, was well machine. steadied again on covering by

During the

war one above the low figure for the

record first day traders to close up i la 3 operative established

by handling regularly 40 points.

Lons Prices closed as follows:

per shift. The introduction of Spot

a new

conveyor system—part May

of the reorganisation process July

has now removed the need to Delober... December

handle quantities as heavy as March (1992)

this.

46.06

43.17

39.43

33.92

30.82 nominal 38.43 nominal

38.22

30.20 nominat

May July October

-United Press. NEW ORLEANS MARKET

Closing rate

The

total included 1,978 bales component from Japan and 178 from Italy.

the

.

Spot

ORDERS PLACED Officials had hoped that the United States Government itself

have taken action would

For the first time Chinese silk was ni. The Stocks on hand on

May April 30 were 6,369 bales, com- July pared with a total of 0,072 on October March 31,

December March (1052) deliveries from May to estimated channel more defence orders into re-exports fell to

warehouses and piers including July

2,459 bales, October Canada, but emphasised that so

the lowest figure in over a far the ratio is about eight-coisa

year, compared with 3,733

one in favour of the United bales in the same month of last

States.

The Canadian Defence Produc-

tion Department today announced

year,

Emports thus far for the year

that orders for 1,236 American totalled 13,628 bales, compared type vehicles have been placed with 20,040 bales for the same

at two Canadian plants, and that period of

a third plant may soon be pro- ducing the United States jeep.

The Chrysler Corporation of Conada at Windsor, Ont., this! year will be producing 450 of, a three-quarter-ton army trans-

port.

General Motors of Canada at Oshawa, Ont., will produce 780 of the heavier 21⁄2-ton transport, Both will be used by the Canadian Army.

NEW YORK BANK QUOTATIONS

Press.

last year.United

Bank

French

Statement

U.S.

May 10.

44.01

45.30 bid 45.82 39,32-39.33 30.81-30.03 39.30 bid 03 bid 38.23 bid

United Press.

Л

As a result of all the changes since the war girls are now carning bonuses of 70 per cent of their basic rate as compared with 50 per cent then.

thin

15.85

0.133

3,00

21.00

1.798

13,45

quarter of 1950 (111) Exchanges In NY and higher than the

for 1050 average

(123)

Grain Prices

In Chicago

Chicago, May 10. Prices of grain futures closed here today as follows:- Wheat-price per bushel.

The increase in team output applies also to the men in the forge. At the draw forge, for example, six 20-pounders are Spot .. handled per minute.

July

September

Corn

IMPORTANT FACTOR Forge and Machine Shop to- December Forge and gether prepare from the rough

Spot -steel-bans a shell-complete-ex-May cept for the fuse and filling. Ju In addition, the factory makes September practically 100 per cent of its tools--n factor of some impor- May tance if the factory Is further July to exparid production. The posiblilty of such expansion is suggested by the fact that

Lowers cr

Tin Price

of

Ne

December

Osta

New York, May 10. Foreign exchange:

Canada

Switzerland

04.31 Y 29.10 Others were unchanged.-Asso- ciated Pres

New York Metals

Prices

New York, May 10.

in the metal market

carried by passengers themselves, ALL BAGGAGE must pass through the Wharf Co.'s Godown for loading on board by ship's slings only.

EMBARKATION: Will take place on SATURDAY the. 12TH MAY between 2.00 p.m. and 4.00 p.m.

PRESS PHOTOGRAPHS

Copies of photographs taken by the South China of Morning Post, South China

Sunday

here closed today unchanged Invites your support in helping to with the following exceptions:- train 2.411

Tin, Grade A (99.80 per cent 2.4112-11 2.433 or higher) New York, per ib., 2.484-14 1.30-United Press. 2.40%

1.52.

1.77

1.0015-34

1.7712

1.63

6712 072-41 New York four-per 200 125, suck, $15.06-Uniled ProN.

In S'pore

Singapore, May 10. Priech of rubber futures closed Number 1 rubber, per lb. here today as follows:-

Washington, May 10. The Reconstruction Finance forging capacity present Rubber Futures exceeds machine capacity-and Corporation today dropped the

of the two price of din 3 cents to $1.30 a

Sections, the Ma- pound Tho' action marked the citine

can be far more third consecutive reduction by easily expan the Agency. Prior to April 12,ng at

The Mayor of Whan speak- the R.F.C. sold tin to commering at the Establishment cial users at $150 acclined regret at having once more to

sently expressed the general to comment although one official switch from the production of remarked "We thought it was

clvbian plant to ammunition.

July the right thing to do, in the

But

sinco tho Total gold holdings Fr. 199446.070,926 git of current market condi-arison,

Numbers 'rubber,. May ncenalty has Wigan

ordnance) Number a rubber, any Total of other cur

is rising

Number #rubber. May tiona

to the occ Epot, rubber, unbeled 2,471,080,000

Following the short-term cor

shells The

which It is black crepe- 173.314,772,340 tract made last month by the

Paris, May 10. The Bank of France intement for the week, ending May 3 reads as follows:-

*rencies Bight balance

abroad Advance to eur

rency kablll- tion hind Bulls discounted in

France, and

broad

New York, May 10. Closing bank quotations:

bid asked Bank of America .. 271⁄2 20 Chase, National.......... 3017. 981 National Cly 0.44 44344018 Current accounts &

----Associated Press.

Notes in circulatio

deposita

1

R.F.C. thì officials

ducers, t traders

tho

1

June

FM now

are stronger both No. 1 pale crepe

R.F.C. with Bolivian tin pro- in terms of material, and offee- thought that the tiveness compared with i tho 412,000,000,000 Ator

Agency's price would be forced wartime output. Grester veloci- a bit higher because the interim tids have been achievalac 286,194,772,379 contract la: based upon Singes pore → prices rather than the lower New York markot -United Frum.United Pres

141,200,103.245

138-138 70-180

***United

Copper Futures

The steel wat today is much

New York, May, 10, tougher than that, Deed during Copper futures closed quiét the war. The workers, 100, with no sales Aswoolated: have not yet reachet their peak) (Press.

"New-York," "May-10--

the

Hongkong citizens io-morrow. Subscriptions should be sent to: The Hon. Treasurer The Boys' and Girls' Clubs Association' War Memorial Wellsto Southern Playground, Wanchai.

Post-Herald, and

China Mall Staff Photo- Centre graphors are on view in the:

___Morning Post-Building.

7

For further information please

Copra was offered at $217.30 short ton. Coconut oll per was offered at 161⁄2 cents, à | telephone the Secretary (23013), pound-Unlied Press.

ORDERS BOOKED

FLIGHTS TWICE WEEKLY!

TOAS

A NORTH & SOUTH I

SINGAPORE, BANGKOK HONGKONG TAIPEN TOKYO

CALL 58868. PENINSULA HOTEL “KOWLOON