1951-05-25 — Page 9

MESSAGERIES

M®

"BRIANCON"

'ARRIVALS

MARITIMES

from alphour

SAILINGS

M

PASSENGER/FREIGHT SERVICE

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

"TRIANCON" "BASTIA"

"AURAY"

to Marseilles ..to Japan

to Marseiller

FREIGHT SERVICE

N. Africa & Europe

And June

23rd June 11th Aug.

22nd Aug.

3rd June

N. Africa & Europe 14th June ..N., Africa & Europe 13th July

for

Port said, TUNIS, MARSEILLIES, ALGIERS, ORAN, TANGIER, CAHABLANCA, HAVRE, DUNKIRK, ANTWERP & ROTTERDAM.

CIÉ DES MESSAGERIES MARITIMES

Queen's Building

Tel. 26051 (Three Lines)

PATTISON ORIENT LINE

LIMITED

DIRECT SAILING TO PUSAN

S.S. “LAURE PATTISON"

Due:

June 2nd.

Sailing: June 6th.

SAILING TO NEW ZEALAND

S.S. "VALLES”

loading second week June with transhipment cargo accepted for TAHITI. FIJI and SUVA.

12-14 Queen's Road C.

Chinese Agents:

THE CHINA MAIL, FRIDAY, MAY 25, 1951.

Page

Buying Wave Great Britain Increasing R. Le

In London

London, May 24.

United Nations galis. In Korea prompted wide. Apreud buying in the Lon. don Stock Exchange

today.

centred Advances were

industriais, British

Government bonda eased.

-Associated Press,

Conference

To Examine Ethies Of

Production Of

Of Her Oil Refineries

BUT SUPPLY STOPPAGE

BY IRAN COULD BE

VERY SERIOUS MATTER The most remarkable feature of the United Kingdom oil consumption figures for 1950, published by the Petroleum Information Bureau, is the extent to which they show how British refinery London, May 24,

production is now increasing, says the Financial More and more advertising throughout the world are be-Times. coming aware of the social responsibility of their work. This theme will be developer 23 2271 Internationat affvertising

Advertising

conference to be held in London from July 7 to 13.

The discussion will follow four advertising's

main Bet

in promotion of world trade and understanding: nd- vertising's extension of its sur- ter the consumer

improvement of

vertisings

ad

methots do its education, re- Fruitinent and training! and advertising's further develop- ment of standards of ethics and practice.

усаг

The scene of the only com parable previous international advertising convention was Wembley (London) in 1924, the of the British Empire Following there, Exhibition that conference, tie Advertising Association of Great Britain was formed in 1920. In this, the 25th year of its existence, organising a secon

u second Internation. al Conference, coinciding with the Festival of Britain.

It is

Attending the conference will be about 2,500 delegates from more than 35 countries who will also participate in THI extensive social progrumme in-

organised cluding

of tours

in these Britain. Co-operating

are the 31 arrangements publicity and advertising clubs Britain which are affiliated

Tel: 25346,

in

Oversea Chinese Steamship Co., Ltd. 48 Bonham Strand W. Tels: 26646, 26127 & 31119

Impending Car Shortage Forecast In America

Detroit, May 24.

new

to the Advertising Association.

A

departure is. the invitation extended by the Association 10 Advertising

advertising men young women from all over the world attend the conference and Britain.

SEC

and

Overseas interest is so great that an allocation scheme has had to be America

40;

Consumption of all kinds of oil rose by 10 per But the output of United Kingdom cent last year. refineries rose from 6.2m, tons in 1949 to 9.3m. tons in 1950 or by 50 per cent.

The long-term plan for oil refining envisages an increase in capacity to 20m, tons by 1952-53, and the

increase current

is the second substantial dividend from this plan.

The change in the pattern of production here has, of course, changed the pattern of importe as well.

As might be exported imports of crude oil have been increasing sharply, while there has been a relative decline in

imports of petroleum products.,

HONGKONG SHARE MARKET

In 1948 the United Kingdom of imparted 1174m. gallons erude oil at a cost of £31.1m; (From Our Correspondent) by 1950 the quantity had risen to 2,377m, gallons while the cost had gone up to £74.5m.*

Business on the Stock Ex- change this morning was-valued at $28,175. Noon prices and the morning's transactions:-

SHARES BUYERS HELLERS SALES;

GOVT. LOANS

On the other hand the quantity of anotar spirit rose only from 1,183m, gallons to 1,221m. gallons though with higher prices the cost TOM from £48.8m. 10 £59,5m. At the same time | BANKS Ingiorts of fuel oil fell sharply.

Between 1948 and 1950 the quantity of fuel oil imported fell úy roughly 10 per cent while the cost declined from £35.6m, to

£14.9m.

THE PERSIAN PROBLEM

This policy of increasing re- aning capacity away from the centres of all production has not been confined to Britain. Though the quantities are small it is

is significant that in 1950 im- ports of motor spirit and of

gas oil from France and the Nether- lands Increased by substantial

****** ; proportions. But in the

present troubled state of oil politics it is another question which will na- turally suggest self from these Bgures. To what extent does Britain depend on Iran for its supplies, and to what extent has the dependence been growing as the result of currency difficul- ties and other Influences?

4 ........

31 (198). 124

ilk Bank 1200 East Aria INSURANCES Union XD DOCKS, ETC.

NY Cotton

Drops To New Lows

Now York, May 24. Prices today dropped to new lows for the fifth consecutive

Local session.

professional traders

kept

playing for

ຕ

technical rally but became dis- couraged

easily and ran away

whenever they met resistance. Chart readers, favouring the downside, admitted that Octo- ter's drop of near the 38 cents line, might be enough for the time being but added that they would rather watch the action

before considering reversal of their position.

Interest deteriorated

quickly under the impact of cun-

phis

inued favourable crop news dullness in the spot mar- ket, the willingness of bextile mills to resell surplus stocks, the slowness of drygoods buying and

the revi

revived feeling that at the end of the session the supply prove as lightners may not drastic as expected only a short time ago.

The market opened off 3 to 2 points, then dropped quickly to 15 to 34 points. It seesawed for time in misi-afternoon. temporarily on technical

опс

Tering and the rally in stocks.

Birt prices closed near the bottom to off 15 to 50 points net:

Prices closed as follows:-

Spol

46,06

July

45.12-45.15

October

34.12

December

March (1952)

May

July October

37.68

37.66-37.00

37.40 37.02 bid

NEW ORLEANS MARKET

35,28 bid

United Pres.

Closing rate

May 24.

Spol July

41.91

45.03

October

37.82-37.94

December

37.34-37.50

March (1032)

37.69-37.00

May

37,63

July

37.50 bid

October

25.83 bld

-United Press.

New York Sugar Futures

New York, May 24. World sugar futures closed today 4

•

I.

ROYAL INTEROCEAN

SINGAPORE, JAYA PORTS and MACASSAR

"VAN HEUTSZ” ☀. "EASTWAY”.

"TASMAN"

#TJITJALENGKA”

"TJIWANGI”

ARRIVALS .25th May

3rd June

17th June

For cargo to Singapore and Djakarin.

† To Singapore, Djakarta &Belawan Dell,

MANILA, EAST &

SOUTH AFRICA and SOUTH AMERICA

*TJRMENTENG" ( "RDYS"

JAPAN "EASTWAY" "TASMAN" "TJIBADAK"

· “VAN HEUTSZ" **TJIMENTENG"

"RUYS"

+

via Manila,

ARRIVALS

In Port

.In Port

ARRIVALS

26th May .29th May

.In Port

.16th July

LINES

-SAILINGS

28 May* 31st May‡ ah June

22nd June

SAILINGS

1811 July SAILINGS

25th May

28th May

8th June

28th June

Agents: HOLLAND EAST ASIA LINE

O

EUROPE via MANILA

and MALAYA

“ARENDSKERK”

"KIELDRECITT"

Through

• not calling at Manila,

Bs/L issued to Moditerranean and Northern European Poris.

JAPAN "ARENDSKERK" "KIELDRECHT“"^

† via Minnila,

ARRIVALS

Early June

ARRIVALS

SAILINGS

12th June

Early July

SAILINGS

......... 10th June

Early' July

Early June

EEKING'S HUNDINGS FREEMONESEBBUGSMUSE

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

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

NEXT SAILINGS

301

700

Dock

122%

S'hal Dock

2.73

Wheelock

23

LAND, ETC.

HK Land XD 3024

150

400 77

S'hai Land UTILITIES

2.10

Tham

C. Light To

XD

1112

12

5.80

C. Light (N)

XD

3.60

C. Light (9)

points higher to 2

M.S. "SALLY MAERSK"

contracts.

M.S.

"CORONA”

Contract No. 6 closed 1 lower

M.S.

“ANNA MAERSK”

Contract No. 4 (world)

July

7.10 Trader!

September

723 traded

M.S.

"ANNA MAERSK"

January (032)

8.20 nomina!

M.S. "GRETE MAERSK"

March

5.63

May

5.48

5,48

Spot

7.30

Centrart

4.03 bid

8.08 traded

0.08 bid

XD ......... 515 5.05 1500 6.55 lower, with sales totalling 150 Bioctrle

Telephone adopted. From North the number of youth

will be about delegates from South America 15; from

L.. from Asia Western Europe 70;

ten: from Africa 15; and from Australasia tcn.

This

150 means that some people, will learn at

The-auto-industry's-post-war-boom-may-have-first-hand what the delegates

come and gone but there are still some industry analysts who foresee an impending car shortage.

Liquidation

In Grains

Chicago, May 24. Chicago grain futures de- clined under heavy liquidation

Prices closed as follows:--

Whest-price per bushel, Spot

3.361 2.37164 2.39-4 2.434-5

Jirty

September

December

Corn

Spol

July

'September

December

Ely'

May

July

Date

May

July

1.7514 1.2014-1 1.09-24 1.02!&

1.89 -1.88

1.43%

027

0371-84

These experts expect produc- tion cuts more drastic thần huve generally been forecast. They soy the defence programme will enter an entirely new phase

with

have to say. As future leaders of advertising they will the better be able to co-operate in fulfilling advertising's future role.

the beginning of the The Rubber supplies in 1948 and 38 per

Government's new scal year.

In other words, they see an acceleration of the arms pro- duction

programme that will take an increasing

amount of operations. ruw materint from civilian

Markets

London, May 24. Prices of rubber futures clused here today as follows- Number rubber, in conta

per 1. June

That, of course. is largely speculative. The car makers I will have less material after mid-year. But, aside from the shutdowns for model change- overs affecting different com-

June at various times, no panies

or Quic

assemblies is

complete suspension in sight. The size of material inven- tories in the auto plants and stocks of new cars in dealers'

determine 10

New York flour-per, 200 lb. Sack. hands will

212.85.-United Press.

Rolling

Stock

For Pakistan

great

extent the Industry's July through December programme.

quota production

A

system.

xing the number of vehicles' cach manufacturer, may make, could upact this but such a programme is not at present in sight.

A slightly stronger tone hag developed in used cor prices, Tokyo, May 24.

News reported. The Pakistan

Purchasing Automotive

The paper 'said wholesale Miglon today signed a contract

rose last week for the with the Nippon Rolling Stock prices

first time in almost three Company to buy 45 passenger

added, however, that it was hard to find very many willing to used car operators

coaches

and 25 locomotives, months

according to the Jiji

quoting trade sources.

Press

It

It said the delivery date and be the market is in' for a perind details are not available. The of continued improvement.- transaction totals more than Associated Press. $2,700,000, CIF-United Press.

Japanese Bonds

London, May 24.

Japanese bonda

"A" (61. of (18:00) "D" (44. of 1810) "C" (5% Of 3007) "D" (55 of 1234) *** (89an, of 1904) Cannols

41

-United Prem..

Copra Price Lower

Seeds And Oils

New York, May 24. Prices in the seeds and olls market here closed today-un- changed with the following exceptions:

Castor Seeds, FOB

per long ton,

Brazilian port 2.40 bid. United Press.

Chilean Copper Up

cents the

New York, May 24. Tho Chile Copper Company New York, May 24, Gollers lowered the aming today increased the price for price for copra $10 to $100 per Chilean output a ahort ton. Cocoanut oll was equivalent of about 374 cents offered conta lower at 14.1 pound for the American con-

summor.-United Press. . m«United Press.

July/September October/December January/March June/July July/August

#1%-4212 41-4112 403,-41 30 -394 3719-34 414-4 492-EP

United Press. SINGAPORE MARKET

Singapore, May 24. Prices of rubber futures closed here today as follows- Number 1 rubber, per b.

May

June July

Number 2. rubber.

May Number May Number

143-2434% 139-13942 137-13712

140-141

rubber

Blay

Black crepe No. I pale crepe

137-130 132-133

11159-83315 753-103 -United Press.

LONDON TIN

MARKET

London, May 24, The in market had a dull 6:asion with turnover of only 10 tons, none for cash.

Prices closed at the end of the official morning session follows:

Epot in, buyers i

Shot tin, sollern Business done at Three months tin,

Zurers Three-montha tin.

sellors Business done at Settlement

over

The greatest growth in crude

Britain oll supplies to the last three years has been from Bahrein, Kuwait and Qatar: these fields supplied 13 per cent of United Kingdom per cent in 1950. But the supplies from iran huve been growing, too. In 1048 just over one-fifth of crude oil imports came

from 1950 Iran; by

the proportioa had risen to over one-quarter.

It is clear that if the trouble in Persia 'were to boil over. It the Persian Government were to go to the length of stopping crude oil supplies altogether, it would be in the short me a serious matter for Britain.

Production elsewhere could no doubt be expanded; and in present circumstances the dol- lam could be found to pay for it, if dollars were needed. But' since other countries, and notably the United States, would also be seeking to switch their purchases, it could not be an easy matter.

IMPORTANCE OF ABADAN

Tapite of the increased ro- finery capacity in Britain and elsewhere in Europe, a crisis in Persia would be most serious in its effects on world refinery capacity. With world consump tion of petroleum Increasing.

refinery capacity is already the

limiting factor.

nt Britain depends At present

tho on Iran, which means IV- finery Be Abadan, for over' a third of its kerosine imports, af of its motor-spirit im- ports and almost a hall of its fuel-oll importa

If, for any reason capacity at Abadan should be neutralised, the extra demand on the total remaining refining

capacity

13

1.120

1.150

be

notice.

which a switch of this magni- all tudo would involve could not at short accommodated 1,103

1.110 In the long run the Persian

10

Government cannot afford not 1,130 to sell oll Whatever the United Press.

passions of the moment, this cardinal economie factor is bound to make itself felt. This

New York, May 24: Prices in the metal market here closed today unchanged with the following exceptions

Tin, Grade A (09.00 per cent or higher),

Per b. New York 130 conts. Unité Press,

the weakness of the Persian Government's baryaining posi-. tion. It would be most: tin- wise, however, not to recognise that in the short run Persia's power for mischief is great,

10! Crawford 23

XD 94 980 406 vi STORES, ETC.

Dairy ......11.90 Watson

0.50

Exchange Rates

to 2 points higher, with sales totalling 504 contracts..

15.73 Maret, <.2015

Business was done in the loen July unollicial exchange

this September market morning at the following rate:- January (1853) Sterling note (per £11 U.S. dottore (për $11 Indonesia guilders (per 100) Siani tlens (per 100) Singapore (Straits) FIC plastres (per 100)

Moo 3.60 Jub

27.00

September

1801 Spot

10.20

4.71 nominal

ARRIVALS FROM U.S.A.

"May 30 June 14

June 30

June 4

June 23

July 24

M.S. "OLGA MAERSK”

For Freights and Further Particulars please, apply to:-

AGENTS:

JEBSEN & CO.

Tel. Nos. 26661-3.

6.70

5.71

5.71

0:10

United Preps.

Pedder Building

Announcing!-

INAUGURATION OF THE

NEW DE-LUXE DC-4 COMMUTER SERVICE!

JAYAL

Pacino Overseas Airlines files you up and down the "Orient Trade Routa" by fast dependable 4 en- fined SKYMASTERS,

For SINGAPORS JAYE HONO- KONG on Wednesday and Sunday mornings vis exotic. BANGKOK with connections the same day to BINGAPORE.

+

For TAIPEI and TOKYO IPave HONGRONG on Monday and Fri- day afternoon, and arriva within a few gura.

·

Keonomise on farest`

Pacifio Overseas Airlines offer you the most economical 'Juxury -air travel in the Orient.

Cross 34 decres of lattitude an Pacino Ovoznené · Airlines. From the equatorial South to the high

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PACIFIC OVERSEAS AIRLINES (SIAM) LTD.

****

Phone 58865 Peninsula Hotel, Kowloon,