1951-06-05 — Page 9

Page

THE CHINA MAIL, TUESDAY, JUNE 5, 1951.

MESSAGERIES MARITIMES US Appeal On

M

"BASTIA"

ARRIVALS ,from Haiphong

SAILINGS

M

PASSENGER/FREIGHT SERVICE

"FELIX ROUASEL”

"LA MARSEILLAISE" "LA MARSEILLAISE"

"BAĦTIA"

"AURAY"

"QUISTREHAM"

to Marseilles

to Japan

to Marseilles

FREIGHT SERVICE

11th June

23rd Jutio 11th Aür. g2nd Aur.

N. Africa & Europe 18th June N. Africa & Europe 18th July ...N. Africa & Europe 12th Aug

for

PÓRT SAID, TUNIS, MARSEILLES, ALGIERS, ORAN, TANGIER, CASABLANCA, HAVRE, DUNKIRK, ANTWERP & ROTTERDAM.

CIE DES MESSAGERIES_MARITIMES

Queen's Building

Tel. 26661 (Three Lines)

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, via

SAN FRANCISCO, LOS ANGELES AND PANAMA.

NEXT SAILINGS

M.S.

"CORONA”

M.S.

"ANNA MAERSK"

MS. "LEISE MAERSK"

ARRIVALS FROM U.S.A.

M.S. "GRETE MAERSK”"

M.S. "OLGA MAERSK”

M.S. "LAURA MAERSK”

June 14 June 30 July 16

June 26 July 19 Aug. 7

For Freights and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Pedder Building

Firmer Tone On

London Stock

Exchange

London, June 4.

The Block Exchange olosed firmer today on

#

Govern-

small turnover. ment bonds showed frae-

tional improvement.

Tex-

tilen, tobocco and engineer-

ing lassies were firm.

Latest news from Tran

helped all shares.

stocks edged off.

Gold

Financial Times"" Index:" 137,9,- Associated

Press.

Retreat On

Wall St.

New York, June 4, The stock market lost con- siderable ground today in a elow and widespread retreat. Lesses were neither large nor spectacular but were spread throughout the list.

At the most among the leaders the decline

came to betweez one dollar and two dollars a nhere.

A very Lew went further.

Scattered cains

amounted

al

to a few cents.

Volume Was ostimated 1,000,000 shares.

Motors, nils, rubbers, minings and chemlents were higher, Utilities, however, wore narrow- ly mixed.

Tel. Nos. 26661-3.

COTTON

CROP

FORECAST

Washington, June 4. The International Cotton Advisory Committee announced today that the 1951-52 world cotton crop has an excellent chance of being the second lar gest in history.

On the basis of reports member

from

countries, the Board made a preliminary estimate

of the world production in the neighbourhood

-Price Of Newsprint

Washington, June 4. Trico Controller Michael DISalle will ask Canada to cancel an increase of $10 a ton in newtprint prices, which

Company

Major

अंधु

Canadian announced for July 2, it was disclosed tonight

Informed Burces Bald' that Disallo will write a personal appeal on Tuen day to Robert Fowler, head of the pulp and paper division of the Canadian * Defence Board for the cancellation of the price

boost.

The Ablubi Power and Paper Co. Ltd, announced last Friday that it

WAB raising the newsprint prices $10 a ton to a record high of $110 a ton in New York and $112 In Canada, effective on July 1: other Canadian companies were expected to follow mult. United Press '

Britain's Export Trade

Page

Registers Big Increase R.I.L

BOARD OF TRADE FIGURES

London. Reference to shipping difficulties in the movement of cargoes is made in a Board of Trade final returns of exports and imports in April and the first quarter of the year.

The value of U.K. exports shipped overseas last month reached £280.2 million, which was £36.8 million above the average for the first quarter of the year.

As the April figures may include some goods | which, but for shipping difficulties, would have been

exported in the first quarter, too much significance HONGKONG

cannot be attached to this large increase in one month's figures, says the Journal of Commerce.

SHARE MARKET

The total value of 1.K.Jshowed some increase, and the exports in the first four only important fall was in the value of non-ferrous metals and Įmonths of 1951 was £810,9 |

manufactures, from an average million, an increase of 12 per of nearly £1million In cent over the average for the | January-March to

(From Our Correspondent) not much whole of last year, and just over £300,000 in April: This

Business Horn on the Block above that in the fourth mainly on account of lower Exchango this morning

shipments of tin.

Noon at $34,059,10. Re-exports to the United prices and the morning's trans. Stalen in April, at £36 millon, | Betions:--| wore alightly above the high BHARER BUYERS SELLERA BALES March finire, and included 2.3 GOT LOANE million 1b, of raw sheep'a and 331676 (1992) lambs' wood valued

at £1.4 million.

NY Cotton quarter.

Declines Sharply

New York, June 4.

Export pelees showed a fur- thee rive in April (to 18 per cent above the 1950 average), but most of the increase in the value of exports, compared with the first quarter,

was due to the higher volume of goods shipped, the provisionnă volume Index for the month (1047-100) 100 being 183, compared with

Colton futures teclined for the first quarter. With this sharply, reflecting the favour-high April figure the volume able Korean war news and the of exports during the first four continued lack of interest in the months of this year de for fast colton Boods market. After

cent above the average inst opening 14 to 20 points lower year. the market was pounded still lower and finished 14 to 02 points lower.

Imports in April, valued at £311,5 milion, were 10 per cent above the first quarter average. Imporis in the period January-April totalled £1,159.0 milion, 34 per cent above the 1950 average, but a large part of the increase was due to higher prices, the volume imports being only about 7 per

Of

cant. higher than the 1950 average.

The widest losses were in new crop deliveries. On and after the opening call, Southern selling was noted along with commission house liquidation. A part of the selling In October, December

per and May was sold to be hedging against new crop cotion. In addition to the Korean war news the market was in- Ruenced by reports of further

RE-EXPORTS LOWER favourable rain over large parts

Re-exports in April (11 The Eastern Texas.

and Central regions, however, con- million) were slightly below the

first

and tinued dry.

quarter avorugo, brought the four months' figure Washington officials are under- for

total

exports (including stood to be estimating * cotton export quota of 4,000,000 The excess of imports

raw re-exports) to £854.8 million, bales for the 1951-52 season, c.i.f.) over total exports (fo.b.) beginning August 1. The new amounted to

£304.7 million orop prospects remained favour-compared with. 2113.0 million in the same period last year, and New York Exchange a total of £347.9 million for Torted that the United States the whole year. 1930.

Commission will hold a

of

able.

The

hearental investigation and

United Kingdom exports to Canada in April, £14,5 mil- llan, recovered fom the low first quarter, and brought the average of 20.3 million in the

to £42.7 million, 2 per cont figure for

the

first

four months above the rate for last year, but 13 per cent balow the high fourth quarter average. Nearly all groups shared the increase cumpered with the first quarter And, except for vehiclòs, the April figures for the main groups were also above the average for the fourth quarter of 1950.

Figures for total U.K. exports to other markets are not yet

matce for some of the more important matters show:—

available, but provisional cat!

New Zealand. - Exports were over £10 million, not far short of double the Jow March

about che gure, and

third above the first quarter average.

South

in- Africa, Total

million Dyer. £17 an average of £13.4 milion in the first quarter. Bes ports of machinery were up by

111 million to £3,3 million.

creased to from (valued

#

INDIAN INCREASE

India. Total value was up by some £2 million to about

£10 million.

The increase in April experts, on June 13 on the possi- compared with the first quarter, blity of increasing the import was shared by almost all com-

were Australia. — Exports quota on harsh or rough cotton. modities: apart from

drop

the nearly £1 million below The preliminary determination of from the

high Orst the domestle

quarter first quarter average of £215 collon

export quota average for exports of ships and million, high textiles for the full 1001-52 season is boats (which are normally sub-being more than off-set by low exports expected to be made by

the ject to.wide Buctuations from exports of vehicles in April. Secretary

of Agriculture, Mr one month to the next) Brannan, within four or five only retuctions were for coal weeks. flowever, It wouldh logical to assume that he might ferrous for one non- April wait until after the publication

metals,

the

valued

BANKS

UK Bank INSURANCES Union XD Unterwriter

... 050

360

ROYAL.

INTEROCEAN

Date

In Pott

La Poit

In Port

17th Jume Isth July

6th

Jane

8th June 22nd Juna 28th June

July

Skib

"PJIMENTENO" #RUYS"

1

ARRIVALS

"TJTJALINÚKA”

"TJIWANGI "BUY"

LINES

From

9. America, 8. Attica & Ringapore,

galjon.

8. America, 8. Aftlen, Stugapore à

Mučástar, Java Potix.

Macassar, JAYA Potts & Ringapore. Japan.

SAILINGS

UTJITJALENGKA"

"TIMENTENG"

"THWANGI"

*BUYS"

"BUY"

To

Aingapore, Java, Fotia & Marastar. JABAN VIA Manila,

Singapore, Java Ports & Macr Jepan.

Manils, Bloxaporr, B. Africa & 9.

America

Agents: HOLLAND EAST ASIA LINE

ARNIVALS

Date

10th Jens 12th June Early July

Ship

"RIELBRECHT" "ARENDERERK" "KIELDRECHT"

From

Europe & Singapore. Зарап.

SAILINGS

Japan.

To

"ADENDSKENK" Manila, Singapore & Purape.

10,000 4 04

19th June 13th Juha Early Joly

*KIELBRECHT""

"KIELDRECÍIT”

DOC.

35. Whart. 711% 7234 500 29 72 N. FL. WINE XD 430 440 Provident....

Hotel

. .

oja 101k

6.20 1.10

Bha! Land UTALITIES

Th

C. Light (0) R

C. TBL (N) C. Light (B) XD Electric Telephone

11.00 32 200 @ 1194

0.00 0:10 500 500

200 6 6,00

3.70306

0.30 5.50

2014 2014 1000 @ 23

INDUSTRIALS DV KD

STORES, ETC.

Cement... 104 Rape

Dairy

COTTONS

Exo

1.00

The Rubber Markets

London, Juno 4. Prices af rubber futures closed here today as follow: Number 1 rubber, in centa

per lk. Juty

Japan via Manila. Manila, Hingapore & Europe,

& PANNS BUILDINGSERTIONSZENIEROZ

PENINSULAR

& ORIENTAL

STEAM NAVIGATION COMPANY

R.M.S. "CARTHAGE"

BAILS:

NOTICE TO PASSENGERS

July/Beptember

October/December

January/March

85-341

United Press.

BAGGAGE:

SINGAPORE MARKET

112.11a United Prem.

Singapore, Juno 4. Prices of rubber futures The total value of imports in | closed here today as follows:-

(£811,5 miltica) was | Number 1 tüliber, por ib.

Juno

147-144 10 per cent above-the-average. -July-

24015-16112 August for the first quarter, and the

101-138 of the preliminary planted acre- Metals and engineering pro- volume of supplies was

2 rubber, about Number age report which will be avali-ducts totalled £105.1 million.7 per cent higher.

June

142-143 af 35,000,000 able on July 5. Today's weak- This was 17 per cent above the

Number a rubber

JunD ness of the security and grain first quarter average, and 10 per imported (£100.4 milion) was bales compared to the record

The value of, raw materiais | Number: "4" rubber. in 1937-38 of 38,300,000 | markets crop

also Influenced the]

Jilne cant above the high bates.

fourth cotton trend,

Spot rubber, undales.. 149-110 Pricea closed as follows:-

Black crepe quarter figure: all groups except practically unchanged at 07 per non-ferrous metais shared in cent above last year's average. No. 1 pale crepe The Committee reported that

Increase.

A sharp fall, compared with the For in areas outside the

machinery United July

Ooldber

exports the very States, the Soviet Union

high April first quarter, in imports of raw and

December

Agure (02,000

tons, valued at wool was off-sot by a number of China, post-war cotton produc- March

£33.0 million) brought the cotton and for oils, oilseeds, &c.

other increases, notably dor rawi tion has increased in Mexico

Mov

January-April total up to July

the and countries in the Near East.

Defobor

average for 1959. Iron antt steel With higher imports of grain exports (283.7 thousand tons, and flour, of beverages and cocoa valued at £15,7 million) were preparations, and of miscellane- por cent above the low first bus foods, the total value of quarter Jovel, but the total imports of food, drink and quantity for the four months tobacco increased to was still 5 por cent below the million, or 10 per cent above

the 1950 average.

first quarter average. Despite

FC-

"For the coming season, iatively important increases in production are expected

ID

take place in Turkey,

Tran and Egypt and also

in ossibly Pakistan and India. The crop in Mexico, however, has had n bad start due to prolonged droughts which are reported to have adversely affected an ex- pansion of plantings."

The Committee sald the world ention consumption thus for in the current season has been at a rate that will result in n total of nearly 33,000,000 bales or season even if there is a sea- about 3,300,000 more than last, aonal decline in June and July.

It added, "The world cotton The decline from the oulset stocks are now at one of the lowest levels in recent history. trading met with little or no Bolling pressure. A lack of It is expected that they will buying Bupport contributed total about 11,000,000 bales on more to the fat than anything July 31, 1951, as compared to 10,800,000 a year earlier and 14,700,000 bales two years

cist.

Stocks moving lower In-earlier."—United Press. cluded

United States Steel, Chrysler, United States Rubber, Santa Fe, Southern Railway. Standard O of New Jersey. Kennecott Copper, Sears RoC- buck, United Air Lines, Du Post, Boelog. American Wool- len and Radio Corporation.

Dow Jones Averages:—

Stocks

20 hdustrials

15 Rolls

10 Utilities

69.06

240.79-

Grain Prices Down

Spot

44.00 44.74

this

37.71

-

37.00 bld 30.00 bki 34.53 bid -United Press.

NEW ORLEANS MARKET

Closing rate

June 4. 4431 41.60 bid 37.54 37.14-39.14 37.14

Spot July October December March (1962) May

July

October

23

37.01

00.50 bid

34.40 bld

of

United Press,

LONDON TIN EASIER

London, June 4. The tin market turned easier today. Turnover was 228 tons,

including five tons for cash.

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

Spot tin, buyers Spot tin," sellers Business done at Three-months tin,

buyers Thiro-onths thy,

lic Suedem, done at Settlement

1075 1,080

1.078

Talks

1,057!$

1.002!1 1,080-1,000

1,000 United Press

FEWER SHIPS

NY MARKET

New York, Juno 4. Crudo rubber: Spot No. 1 ribbed smoked shorts 98 asked. -Associated Press.

21006 New York Sugar

Futures

these increases in April, the value of food, drink, and tobacco Imports in the period

In tho vehicles group the Jamary-April was still only 15 reduction in April, for exporta per

of

cent above last

(£2.55 average,

compared with the

of new cars

year's

ships and boats million, average of £3.47 milion in the A general inercase in the first quarter) WAD more than supplies of manufactured goods off-set by increases for all types ought the total for this close to road vehicles. The number £70 million-21 per cent above

the January-March average. _and_chosals ex- ported was 34.007, compared with an average of 20,607 in the first quarter, and exports of commercial vehicles (including chassis) were 13,014, comparod with an average of 11,342,

U.S. TARIFF CONCESSIONS

Washington, June 4. President Harry Truman has

Raw materials totalled 20,8 million and, despite the further: amall reduction in coat exports, the total value for this class signed a proclamation putting

was 10 por cont above the first quarter average.

Exports to North Amerias were valued provisionally

228.1 million, bringing

into effect on Wednesday about 700 now tariff concessions to foreign countries.

New York, June 4 World sugar futures closed here today unchanged to 6 points lower, with sales taialling 67 contracts.

Contract No. 8 closed a to d points lower, with sales totalling 173 contraels.

Contract No. 4 (world)

July

September... January (1952) March

May

July

September Boot

Contract No.

July Beptember January (1953) March May July...... September Boot

7.15 4raded 7.10 bid

qai nominal 5.30 traded 9.30 nomina)

Dizi nomina

5.11 nothinal 110

4.09 traded

FRIDAY the 8th June at 12.00 Noon for the UNITED KINGDOM via Straits, Colombo, Bombay, Aden and Port Bald.

ALL passengers baggage must be sent to the Hongkong & Kowloon Wharf Cols Godown at No. 2 GATE, CAN- TON ROAD ENTRANCE by NOON on TIIURSDAY the 7th JUNE.

SPECIAL-NOTE: With the exception of hand packages 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 FRIDAY the 8th JUNE hatween 0.80 a.m. and 11.00 .a.m.

PATTISON ORIENT LINE

LIMITED

DIRECT SAILING TO PUSAN

Due:

0.01 nominal 9.8. “LAURE PATTISON" June 6th

Bailing:

June 9th

SAILING TO NEW ZEALAND

143 nominal

#29 botninat

6.00

Frew.

8.9. “VALLES”

Exchange Rates

Business was débé in the tocat

The lowered duties, granted in at tarif negotiations with Belgium, the the Netherlands, Canada, France, Agure for the first four months Luxembourg, and the Dominican of the year to £00.1 million

will apply to all an annual rate 13 per cent Republic, On New above that for 1050.

nations sending similar products Exports to to the

tie UB. United Trade Pact

States were £13.0 militon,

They are part of a total of unomic cha £2.7 million more than 1,329 lems whose duty was cut manning at the tolparing ratesi, the average for the first quar- at the 34-nation trade conference Biers note (per 1 ter. For Jantiary-April taken

17.5. dollarn (per 9th Tokyo, June 4.

in Torquay, England, by the US, Indola culinare, pet 100) Korean- news and more opti- Talks for the renewal of the together the average was 20 perAssociated Prosa.

Brit__(per 100) mislic стор

Kingapore (Birosta) reporta. Whoot Indonesia Japan trekte agro-cent higher then in 1830.as

TIC. plastron (one-100) 14.ment which expires on June 30 a whole, but will 7 per cent will be opened this wook as soon than in the fourth quarter as the Indonesien representative

of last year... arrives here.

Chicago, June 4.

70.11 Prices of strains futures, fell to the favourable

42.32 today duo

-Associated Press.

Copra Price Up

futures wore off 1% dos

Soybeans were down 2%.

Prices closed as follows:- New York, Juno (4.) Wheat-prloon per bunhel Deslora quoted dopra nominal-Apot

Juder

-ly #0 to $10). higher at $100 to September $165 por short ton, C. F. December the Pacido: Court. "Cogvanut Oil | Cora. +909 offered st., 14-14-cente a Jove

Found, 0.8. milla, up 1 cons fresh Friday's level United September

Prem

December

2.50%

Pr

Ú. INOBRABE

Pepper Dullness

** New York, Juño 4. The black pepper intricat wa dill, with peices quoted at $1.09

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

12-14 Queen's Rond C.

Seeds And Olis

New-York, Juno 0. Priona in the seeds" 'and, olis pour fo apot abament marker here and today Grandtors hate failed to cope unchanged with the following a noticablo increase of intematt, exceptions a

Indonesia will shortly pur chase

polling stzel from Japan as „Of tho Inertsso· of ́ ́£2.7 part of its overall procurement millions in the value of exports programme. Indonesia may buợ to the United Blates in April, about 10,000,000 worth of roll compared with the average für ing stock out of the $100,000,000 the first quarter, vehicles, and loan obtained from the U. faw wool, hey each, accounted with lagging computron interest de Carter Good, gite long toh Export-Import Banke some for abdür"; £0.6 million." "Mozi

Lost all catfakt. down demand 5.0.8. Brazilian port: 236 time ago,Unitadi Press, į. of the remaining groups also United Prese

nominal--United Press,;

Chinese Agents:

Tel: 26840,

Oversen Chinese Steamship Co., LN,

48 Bonham Strand W.

Téis: 25640, 26127 & 81118;