1951-05-31 — Page 9

Page

R. I. L.

ROYAL

Date

In Port

in Port

In Port

2nd June

17th Jane

18th July

Ship

INTEROCEANTM LINES

-TJIMENTENG" "RUYS"

"TASMAN"

ARRIVALS

TUITIALENGKA" "THIWANOI" "BUY"

From

8. Ammica, 8. Atries a Sintajore.

8. Amerien, H, Africa, Slagapore &

Saigon.

Japan.

Macassar, Java Ports,

Marassar, Java Porte & Aingapore. Japan.

SAILINGS

alst Cth

May

"TASMAN"

Juni

“THTJALENGKA”

June

"TJIMENTEN("

22nd June

28th June

"BUY"

1815 July

"RUYS"

עות hונן

"TJWANG23"

To

Hingapore, Djakarta & Belawan Deli Ningapocs, Java Ports & Macassar. Japan via Manlia.

Singapore, Javn Parts & Macassar. Japan.

Manila, Singapore, B. Afties & S

America.

Agents; HOLLAND EAST ASIA LINE

ARRIVALS

Date

Ship

From

Early June

Early July

"KIELDRECHT" PARENDSKERK“ **KIELDRECHT“

Enrops & яingapore. Зарап. Japan.

SAILINGS

"KIELDRECHT"

HARENBRKERK"

Mil Juor 1206 June Early July'

KIELDRECHT"

То

Japan via Manila. Stanila, Singapore & Europe. 3anila, Singapore & Europe.

EENING SEBUILDING STELEPROSESİS KOSTEN

STATES STEAMSHIP CO.

S.S. "COLORADO"

LOADING ABOUT 10th JUNE

FOR

VANCOUVER, SEATTLE & PORTLAND DIRECT

DODWELL & CO., LTD.

Agents

EXPERT SAYS:

Tel: 28021/6.

Western European Exports Must Be Maintained

London, May 30.

Essential export trade by Great Britain and

THE CHINA MAIL, THURSDAY, MAY 31, 1951.

Paga 9

Stock Exchange LACK OF RAW MATERIAL MESSAGERIES MARITIMES

Marks Time.

London, May' 30. Trading stayed on the Bidelines on the London

Stock Exchange today, walting developments . the Iranian oil seizure,

Industrial shares Werr mainly steady.

Financial Times" index: 1347.--Associated Prem

Congress Of Chambers Of

Commerce

EMPIRE MEETING IN LONDON

London, May 30.

HITS RUSSIAN

STEEL INDUSTRY

New York.

Raw material deficiencies are plaguing the Soviet steel industry, foreing energetic nation-wide efforts to provide adequate supplies, recent issues of Soviet newspapers indicate.

The most widely publicised deficit is in scrap iron and steel.

During the last two months the Government has launched a comprehensive campaign throughout the country to collect all available scrap metal for the 'mills.

Trade

unions, Communist party Kroups and other

organisations have been pressed TALKS ON

into the search for essential supplies.

1050

yol. Plant managers being accused of indiffer-

and sometimes

even of

WHALING IN

ANTARCTIC

Washington, May 30. An official hero said today the United States delegation wants to see the agenda for the next international whaling con ference, as soon as possible so is to have time to give it pro- per stunty.

He pointed out that little conference in Capetown, South remains before the next Africa, on July 23,

HONGKONG

SHARE MARKET

(From Our Correspondent)

Business on

the Stock Ex- change this morning was valued and

at $300,025, Noon prices.

the morning's transictiong:---- SILARES BUYERS SELLEET KALEN BANKS

IK Bank 12:40 East Asia 101

EISURANCES

Unsun XD.. Underwriterw

DOCKS, ETC. KC. Whart

703

2710

3.00

.. 744 74 700 @ 12.

North Poin WIE XD .... Dock....* Provident ...

LAND, ETC. HK Hotel

12.75

9% 20%

HK Land XB shal Land 1.10

UTILITIES

Tram

G-Light

(0) XD

CLight

ย

1 1300 @ 12

11.50

5.03

500 3.50

C. Light

332 @ 3.03

300

800 -3.00

06 @ 1.65

C. Lam

0.1

Electric

23.20 g 2500#

500

Tel. XD INDUSTRIALS

Cement ..... 3014 Rope........ 111⁄2 STORES, ETC.

13 12% 2000 @ 121; 1014

2

Dairy Watson L. Crawford

| COTTONS Two

3 2.39

Frequent items in the Soviet Delegates from 35 coun- drive is not going satisfac- press inileate, however, that tries of the Commonwealth tor

torily and Empire are now arriv-jare ing in London to attend the ence 17th Congress of Chambers concealed hostility toward these')

efforts. of Commerce of the British

These reports Bity there are many piles of old Empire. Her Royal High-machines and other Junked ness Princess Elizabeth will material that could be gol open the Congress on June lected but are not. 11.

Behind the frantic effort to obtain this scrap metat lie two Five committees will study a wide range of subjects includ- Soviet steel-making and pig- facts: the disparity between ing Industry and Commerce, Constitutional and. Seis! Ques-high. Roughly 6,000,000 metric Iron capacity is at a recorn! fios, International Paynients. Communications and Defences of steel were produced In and the Economie Development |

while production of iron The official said that A. T. A. of the Colonial Empire.

ore was not proceeding satis-Dobson of the British Ministry factorily.

of Fisheries, is responsible for drawing up the agenda for the international Whaling Commis ion, but the United States de legation so far has received no information as to what pro- gress Mr Dobson is making. He explained that once

Deg Mr I

Dobson has drawn up the agenda it man must be approved by the chair- man of the Commission, Nor- weginn Professor Berger Ber- gersson, and Vice-Chairman Dr Reminton Kellogg of the Smith- FRANK EXCHANGES The delegates will also be re-

soninn Museum here. Insteart, however, the actual reived at the Guildhall by the situation is one in which much agenda must then be submitted

whaling off

official said the Corporation of London and of the mining equipment and to the contracting, governments after the business sessions have skilled Labour supply is idle been concludes, visits will be substantial fraction of the time. ing. These are the governmenta for their approval or amend- arranged to such historic places | the worst, some of the which have mailed or adhered

Windsor machinery Court, as Hampton

sanksi and Arundel.

one-fourth its top produc-convention. If the agenda in

the international whaling To ensure that as full and frank on exchange of views is Machinery is often handled cluded discussion of the con made as possible, the meetings poorly with the result that it is servation of the present whale will be held in private except out of commission much of the

production in the Antarctle, it This was the third straight for the opening,

time. The organisation of

was probable that the United month that US, farm prices. Subsequent information will labour at Krivoi Rog is poor and

States delegation would be in declined after renching a record bc mado

available at Press much of the technology employ

favour of curtailing the pre- peak in February. However, they conferences, it is understood. ed is obsolete, the

sent annual limit of 10,000 blue are still about 24 per cent higher report The last Congress

they the charges, adding that the situawhale mits. In the last sea than

were before the Federation was held in South tlon is known to responsible que whaling feels caught a combin-

recently ended various Korean war started last June. Africa in 1948-London Ex-thorities but they do nothing ed total of 18,371.3 blue whale press Service.

about

They were also about 27 per cent above a year ago.

which

The Congress is organised by the Federation of Chambers of

A recent report in Izvestia_on Commerce of the British Em-the situation in the Krivol Rog Lord basin of the Ukraine-one of the pire, and the President, Llewellin, will take the Chair. most important Sovia iron ore

Amon the mally functions Sourc

sources--throws light the have been arranged for unsatisfactory situation in this the relegates is a luncheon withi the Lord Mayor of London at the Mansion House, when the Pre-Rea's iron are output could be The report declares that Krivoi sident of the Board of Trade, Sir Hartley Shawcross, will b principal guest.

raw material arra.. EQUIPMENT IDLE

enis 40 to 50 per cent without the installation of additional rapacity if all existing machinery were user fully.

only tivity.

it.

used at a level of

au-

to

The

-

US Farm Prices Show Drop

Washington, May 30. The Government reports the general level of farm per cent chrring

prices dropped a little more than one the month ending May 19.

Valted An

Another major problem al "He added that most

units. Krivol Rog is the continued downward trend of ore quality, States whaling experts are of report said a drop in prices for Agriculture Department

strawberries,

3,000 Words the result of substantial deple-stocks of whates in the Antare colton, milk,

the opinion that the present ment animals,

A Minute

New York, May... 30,

A new facsimile machine that

can transmit 3,000 words in one minute has been developed in

the United States. The ortinary tele-typewriter transmits 3,000

The new unit, called "High-

other Western European countries must be main-words an hour. tained as a necessary part of joint defence efforts Speed Fax," is said to be the against Communism, it was declared yesterday by fastest in uise. Lite other Sir Cecil Weir, Chairman of the British Dollar Ex-simile transmitters it sends ports Board.

The group also heard Alexan-shortages ter Kirk, chief of the trade fabrond. relations staff of the Economic Co-operation Administration. Mr Kirk stressed continuing impor- tance of imports for this coun-

try and observed that their value will become more widely recognised ar domestic shortages

levelop.

American

Industrial

sent.

turna

A

centages of iron content.

wool and wheat responsible for

MOM

"BRIANCON"

"ARRIVALS"

from Taiphong

SAILINGS

PASZRNIKE/FREIGHT SERVICE

"FELLE ROUSSIL” "LA MARSEILLAISE” "LA MARSEILLAISET

"HRIANCON" "BASTIA” "AUEAY***

to Marsylltex

to Japan

ta Marsalfor

FREIGHT SERVICE

Ist Juho

23rd June

11th Aug.

22nd Ang.

N. Africa & Europe 2nd June N. Aftica & Kurope 14th June N. Anima & Europe 18th July for

PORT SAID, TUNIS, MARSEILLIES, ALGIERS, ORAN, TANGIRE, CASABLANỮA, HAVRE, DUNKIRK, ANTWEHF & HOTTERDAM.

CIE DES MESSAGERIES MARITIMES Queen's Building

Tel, 26651 (Three Lines)

MAERSK LINE

FAST FORTNIGUTEX SERVICE TO:

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, via

BAN FRANCISCO, LOS ANGELES AND PANAMA,

NEXT SAILINGS

M.S. "SALLY MAERSK"

M.S. "CORONA”

ARRIVALS FROM U.S.A.

M.S. "ANNA MAERSK”

M.S. "GRETE MAERSK”

MS. "OLGA MAERSK”

MS. "LAURA MAERSK”

May 31 June 14

June 30

June 26

July 19

Aug. 7

For Freights and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

. Pedder Building

Tel. Nas. 26661-3.

PATTISON ORIENT LINE

LIMITED

tion of ores with highest por- tie cannot survive the present was primarily

16,000 blue unit limit and it forcing the level of prices down MUCH NEGLIGENCE

should consequently be reduced from mid-April to mid-May. The Izvestia report says that to

to give the whales a though the problems involved in reprodure at a more satisfactory truck fruit corps brought slight- chance to Corn, butterfat, eggs and some enriching poor ores have yeen rate. The whale population-inly higher prices. solved from the technical point the Antarctic could be scienti

No new of view nothing is being done atrically regulated but he did not ever,

commodities, 'how- Krivol Rog to provide the need- know how

advanced to the point S.S. "LAURE PATTISON" equipment and organisation would favour such a regulation price cedings-Associated Press. governments where they could be put under many for enrichment of low-quality if it meant a reduction in the ores at all mines.

annual catch.

The head of the Stalino Iron and steel plant in the Donbas reported in Izvestia late last month that his mill had to use poor grade iron ore, with resul- lant waste and lowered metal นากะ production.

Ho said the agglomeration plants as the Makeyevka ani.

the Yennkiyevo plants, also in

below full Donbas, operated capacity, yet no effort had been have their unutilised made to

for his plant

capacity employed to provide ore

He pointed out that tho

DIRECT SAILING TO PUSAN

Due:

June 4th

Salling: Jane 9th

SAILING TO NEW ZEALAND

numerous whaling fleets include Price Of Nickel 9.5. "VALLES”

Norway and other Western To Be Raised

those of Soviet Russia, Panama and Japan as well as those of European countries, United. Press.

Steadiness

In London

nickel

of

Toronto, May 30, The International Nickel Company of Canada will boost Its nickel prices on Friday to meet higher Labour costs, the Company announced today.

Under the new

schedule, the Company will increase the do- mostle

and export

price by six U.S. cents pound. The Company said this will bring the export pelee electrolytic nickel exclusive of the 14 cent U.S. import duty, to 60% U.S.

cents per London, May 30. pound, F.O.B. Fort Colborne, Rubber futures closed here Ontario, refinery. The corres- today very steady as follows:-ponding price to Canadian con- sumers will be 581 Canadian

Rubber

photographs and printed written matley ready for 180 Sir Cecil spoke at a luncheon chasing of materials obrond-na

at the receiving end.

At the given by the British Common- possible, and that the Depart-

transmitting enel, wealth Chamber of Commerce.

Commerce is working ment of

motor

transparent 1 out a plan

a mitute, for

cylinder 1,800 times matebing

The operator inserts into the here with surpluses

the maleriat to be cylinder

A bright point of light focused on the

page moves along a track that parallels the

Coking coal also has been ^ spinning cylinder.

photo- electric call picks up the light criticised, the reports indicating and dark areas of the copy or much negligence at the mines in cylinder rotates, making sure that the coal gent picture as the The impulses are transmitted to metallurgical plants is of the by means of telephone lines or proper quality. by radio

to

the receiver in some distant city where they fre transferred to sensitized paper and recorded.

machines are used Facsimile for the transmission of newe- poper copy, scientific discoveries, weather maps, business corres- pondence unsuited to telegraphic

Washington, May 30.

-United Press. transmission, and statistical The increasing strength

SINGAPORE MARKET dato.

trade unionism in the United

Singapore, May 30. The Western Union Company, States is reflected in the rapid

Prices

rubber futures which developed the

growth of the labour Press and closed here today as follows:- machine, says its capacity "Is the wider use of radio broad-Number 1 rubber, per

Ib, May great 50

90-page casting ย

June to prosent labour's point

July magazine could be flashed to of view to the American people. any point in an hour."

In the past decade the sumber Number 2 rubber, May 11-149fluence of lower prices resumed The

hay company

of labour papers published in the Number rubber, May e bres operating an experimental model United States has grown from spot rubber, obaled for a year between New York 500 to 300. Their total circula-mackberr City and Washington, a distance

tion hag expanded from No. 1 pale etepa of about 228 miles,

10,000,000 to 30,000,000.

"At the present time,” Sir Cecil sald, "Wo are entering upon a further and vital stage of a defence production pro- gramme of huge dimensions, which will make heavy demands upon many sectors of our in- dustry.

"It is

healthy

Output

Washington, May 30. Output of American factories and industries leveled off in

necessary that we should not overlook the impern April at March's post-war peak tive importance of maintaining-16 per cení above a year ago-- in the United Kingdom, as also and will probably show little in the United States and all change for May. nations concerned, a economy, capable of providing The Federal Reserve Board the exports which we require 10 reporting this, said this high sell in the markets of the world level of industrial production- In oftler that other free coun- 122 per cent above the 1035-39 iries may be enabled to keep monthly average is being main their economies healthy.

tained in the face of a decline in production of consumer goods. "In this way we may be able Speed-up production of defence buy and pay for the food items is taking up the slack, the and raw materiala without roport showed. which our island population could not exist nor our defence Among consumer goods in- equipment be produced."

dustries, auto assemblies decreased 13 per ent in April, He commented that while the and production of furniture, Dollnr Exports Board will be television sots and most other terminated on June 30, the ac-household durable goods also complishmenta of its success turned downward,

to

that

почу

Unemployment

•

On Decrease

Trade Unionism

In US Grows

of

Although records of trade union publications in the Ualled,

Number 1 rubber. in cents

July

Der ib.

July/September Dotober/December January/March

по

44-467

43 cents.-United Press.

4-35 30-301/

37-37%

149-150 042-143 130)+14015

Number à rubber, May 125-136

States go back to 1027, credit for Winnipeg

the first national weekly is generally accorded to Labour, official organ of the railroad brotherhoods. It was launched in 1919 by the railroad unions as a co-operative venture and now New York, May 30, has a paid circulation of about The United States was one of 750,000. ful building up of trade will

nino countries in which uneme. serve to continue further pro showed output up markedly in

On the other hand, the Board | ployment was lower at the end gros in two-way exchange of the aircraft industry.

of 1940 than at the close of goods, He asseriet that the were lesser gains in production gathered by the International Tacre 1049, according to statistics British export campalan is actually the earning of "dollars hard coal, synthetic rubber and

of industrial equipment such as Labour Office. for defence."

Other countries bhowing a Japanese bonds, other Industrial chemicals, decrease in unemployment in Mr Kirie walą hat the E.-C. A. Crudo rubber production hit

this period were Canada,

ia

early

now working to encourago now.recard high levels in Apri) Hawali, the United Kingdom, Valled Stutes Government and agencias to do as much pur- ¡Press.

May-Associated Ireland, Finland, Switzerland,

Israel, and South Africa.

454 155 210-147 150-100 United Preed.

Grain

Market

Winnipeg, May 30. ̧

Buying Of

Resumed

Silk

New York, May 30.

U.S. Importers under the in-

their buying at Japanese

in a limited way, trade sources said today, but due to the com→ bination of grade conditions and Washington control dif- culties, no sharp increases, in purchases are compected to de eur before

Elbogen, Prent- dent of the American Silk Council,

United States Blocks of raw silk are getting low and believed that full

Mr Gear

Grain prices moved narrowly scale buying would be resumed as· Autumn," "approaches.--Uufted in dull trade today on the Win-Press. niper Grain Exchange, will Ameriena intorest at a miniminn

Japanese Bonds due to the holiday in the US.

London, May, 30,

(007) 1094)

Prom.

Routing, shipper demanat op peared in oats and barley in connection will domestle feed requirements. Flox moved up under buying for export account Ryo came in for shipper buying in repormo to reports of over= night export business in this country--Associated Press,

|

Exchange Rates

done in the fooni

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

12-14 Queen's Road C.

Tel: 26346,

Chinese Agents:

Tela: 25046, 26127 & 91119'

Oversea Chinese Steamship Co., Ltd.

48 Bonham Strand W.

BENS LINE

FAST SERVICE TO UNITED KINGDOM AND CONTINENT

BY.

S.S. "BENLAWERS"

LOADING HONGKONG 4th JUNE

FOR

LONDON, ANTWERP & ROTTERDAM,

VIA

MANILA, SANDAKAN, STWAITS, COLOMBO, ADEN

· &`FORT SAID.

=W.R. LOXLEY & CO., (CHINA) LTD.

dewa emerneină ... Broniaengge more at the todowing zakken

Z3 Coders (che s yubarale guthiere e por: glam sicula (park 100): Akygapore (Biratta) SIC, plastiku (per 100)

York Building

Tol, 84100 & 38710.