1951-06-06 — Page 9

MESSAGERIES M

"BASTIA"

"EPINAL"

THE CHINA MAIL, WEDNESDAY, JUNE 6, ́ 1951.

Y MARITIMES Fewer Jobless Manufacturers. In UK

ARRIVALS

,from Haiphong

from Europe

SAILINGS

M

PASSENGER/FREIGHT SERVICE

"FELIX NOUSSEL" "LA MARSEILLAISE” "LA MARSEILLAISE”

"BASTIA"

"AURAT"

"OUISTRENAM”

'to Marellies

to Japan'

to Marseilles

FREIGHT SERVICE

11th June 7th July

23rd June 11th Aug.

22nd Aug.

.N. Africa & Europe 13th June .N. Africa & Europe 13th July ..N. Africa & Europe 12th Aug for

FORT SAID, TUNIS, MARSEILLES, ALGIERS. ORAN, TANGIER, CASABLANCA, HAVKE. 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, vis BAN FRANCISCO, LOS ANGELES AND PANAMA.

NEXT SAILINGS

M.S. "CORONA"

M.S. "ANNA MAERSK”

M.S. "LEISE MAERSK”

M.S.

"GRETE MAERSK"

M.B. "OLGA MAERSK"

ARRIVALS FROM U.S.A.

M.S. "LAURA MAERSIC”.

June 14 June 20

July 16

June 20

July 19

Aug. 7

For Freights and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Pedder Building

Tel. Nos. 26661-3.

PATTISON ORIENT LINE

LIMITED

DIRECT SAILING TO PUSAN

8.S. LAURE PATTISON"

Due:

In Port

Sailing:

June 9th.

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:

Tel: 25846,

Oversea Chinese Steamship Co., Ltd. 48 Bonham Strand W. Tels: 25046, 20127 & 31119

Grain Prices

In Chicago

Chicago, June 5. Prices of grain fulures closed -bero today as follows:- Wheat-price per bushel

Spot

July

September

Cora

LONDON TIN STEADIER

London, June 5. Tin prices steadied at the morning session. Turnover was 105

five took tons, including for cash.

In America

-

Washington, June 5. Unemployment in the U.S. dropped in May to 1,009,000 the smaltext total since World War II ended ls Au

August,

1045,

The Census Bereau - ported today that that Level was reached after 157.000 decline in the non- ber of Sobless between April and May.

The number of employed civilians meanwhile Jump- ed 1.148,000 ja May to 61,- 193,000, highest In milftoolated FroES,

عاء

AMERICAN

Bitter Over Prospect

Of Jap Competition

GENEROUS PEACE TREATY TERMS

CAUSE DISMAY IN LANCASHIRE

(FROM OUR OWN CORRESPONDENT)

London, June 5. With the discussions on the Japanese peace treaty entering their

re-emergence of Japanese trade competition.

HINT TO Anal phase Britain is faced with the prospect not too far removed of the

BRITAIN

Relaxing Controls On Currency Washington, June 5.. In a reference which some experts thought was aimed at Britain, Mr John Snyder, the Treasury Secretary, said today that nations with im- proved currency positions should relax their controls. He made the proposal in a distri- written statement buted at his weekly conference and commented orally that it had been care- fully prepared.

TICWS

nt

was

It followed a comment his last news conference that the Government here studying whether Britain could remuive some restrictions on is were allowed currency which at the time of the British

fur- rency devaluatin late in 1940. Moreover, also followed a call by the International Mont- Furi an Moy 28 for re- tary moval of currency restrictions.

Mr Snyder's comment today opplied specifically to the Monc tary Fund's proposal. He said the Fund had produced an ex- cellent report.

This prospect is clearly not to the liking of British exporters- especially those in the Lancashire textile industry-who may find their job of expanding overseas markets more difficult than ever if Japan is left free to resume her pre-war trade practices.

The bitter tone of the Financial Times' first leader today reflects something of the dismay felt by British manufacturers as the conclusion of an "extremely generous" peace treaty with Japan becomes a distinct possibility for this year.

The paper says the Attitude General Headquarters authorl- of. Japanese Industrialists has red the seventh shipbuilding a change since last programme last month. The undergone Year when they left the British third ship of the previous ship- cotton industry with the "stronzij building programme, a cargo ipmression" that they would be vessel of 0,900 grom tons, was willing to enter an narangement launched at Nagasak! shipyard for sharing export markets in!

on May 24.-United Press, textiles,

Their attitude had been in- fluenced by two things:

powers

in

AS

#

1. Japan's enhanced strategie recognised! importance major outpost of the Western

the Far

East

lessi with "for leaving her neodt of alles in Lança- shire or ruywhere else? and 2. The Uramatic change in the country's externini payments position.

Short - Lived Rally In NY Cotton

HONGKONG SHARE MARKET

(Frons Our Correspondent)

Business on the Stock Exchange this morning

valued at

was

| $38,766. Noon prices and the

moming's transactions:—

BHARES DUYERS SELLERS SALES BANKS

fik Book

Enst Anla INSURANCES

Canton XD. Unloo XD Underwriters SHIPPING

Asia Nay

DOCKS, ETC.

K.. Wharf

N. P Whart

XD

Page 9.

R.I.L.

ROYAL

Dele

in Port In Port

In Fore 13th June

6th Jane

Bth June

22nd June

18th July

INTEROCEAN LINES

#TJIMENTENON "BUY"

AERIVALS

From

8. America, 1. Atries & Singapore, H. Amerka, 8. Afries, Blazadors, de

Salgon. #TZITHALENOKA*- ' MUndir, Jaya Ports,

WEIWANGI “RUYA"

Macause, Jira. Parte &"Singapore, Горди

SAILINGS

*TJRJALENGKA" "Singapore, Java Ports & Macher, *THIMENTENG" - Japan vli Manila,

"THWANQI"

*RUFS"

"ZUYB

Blagapore, Jaya Ports & Macatuar. Тарял.

Malia, Alagapore, 8. Afrion £18.

Aimerica.

Agents: HOLLAND EAST ASIA LINE

ARRIVALS

Date

Ship

20th Jump 12th Jane Karly July

"KIELDRECITT"

13th June

13h June Early July

From

Europe & Singapore.

Гараа

"ARENDSKERK” · JADOR. "KIELDRECHT"

BAILINGS

PARENDSKENK"

"KIELDRECHT "KIELDRECHT"

Manila, Slurapore & Europa... Japan via Manun.

Manila, Bingapore & Europe.

1375

11370

102

224 C95 205 3.40

030

PENINSULAR

71 機

4.30 4.40 2000 4.AD

015 2014 S'hal Dock, 3.00

200 62 4.40

Provident

..3.20

JK Hotel #IK Lond S'hai Land Humphreys. 074

UTILITIES

Tram

Blar Feny

XD

New York, June 5. Colton futures fried to rolly after a shaky opening but the effont faded at the close. Ex-LAND, ETC. cept for technical considera- tions market experta saw little in the news to indicate

Small rallies charge in trend, the

were utilised to take profite.

The recent polonged decline "It seems reasonable for Bri-had plainly shaken buyers' con

ference and rallies foiled to gain tain to insist that a specifie obligation on Jopen to pic the dry weather conditions in fair trade practices is written the Eastern belt had a momen-

And that -Into the peace treeing it

mid-after tary effect around noon but traderw WCTO more impressed by the favourable conditions elsewhere noross the

THE DANGER The Financial Times says:

is The

the danger

that Japanese textile industry, in an effort to make good quickly as a proposition for dollar invest ment, may be tempted to revert to practices which, as we know from the present

experience, remove state of currency restrictions very basis for orderly progreES and on the outlook for relaxa- in international trade, tion of

of restrictions. "As the report says, there are a new character difficulties of confronting a number of member countries, but never- theless a very general improve- ment in the balance of payment positions and the prospects of te members justifies relaxations or removal of restrictions.

Britain, among other

IMF REPORT

its

It was widely understood that Monetary the International Tund had Britain particularly in mind in its Report, released on

28, although May

no specific mention was made of Britain

or others.

is

Bome means of devised in conjunction with the United States authorities. This

many

followers.

·Concern over

ls probably the last ovo zations that the Govern-

leave them to be settled be tween Jagan and the individual countries..concerned...

DEST WAY!

In their anxiety that the pence

goal of # 10,000,000-bale this year will be mot or

exceeded were pointed up by

latest

C. Laglit (0)

C. Light (N)

XD

XD

C. Light (8)

Electric Telephone

XD INDUSTRIAIS

Cement Topt STORES, PIC

Dalry

Crossford

COTTONS

Ewo

130

11.70 11.00

50

3.50 3.80

5.30 8.90 2235 2034

9%

201

1442 13 2315

30033

138

&

200 @ D'

600 @ io!

International The Rubber

Markets

London, June 5. Prices of rubber futures in closed here today as follows:-

to make British views Ono of the best-informed

with commercial of the city & monetary experts

feature high

crop said Mr Snyder's comment ap-questions, "which

among the fears of Britain and peared to apply particularly to

other Commonwealth countries."

the wave the outlook. countries,

promising world production the Financial Times says

The way to agreement appears to Colton Advisory

Committee's be simply a decision to exclude

estimate of

world them from the peace treaty and

in production

the 1051- 32 season was 35,000,000 bales, This would be the

second largest on record and only shout 3,000,000 bales less than to secure the all-time tilgh in 1937-38.

The

market's difficulty do not i terms add to Japan's economic difficul- holding the rally was coupled Number 1 rubber, in with the same

111 July bearish tics. "American opinion....is

of the past weeks. July/Beptember even prepared, in contrast to fluences the American attitude to other

These included favourable crop celober/December

January/March the slowness of new

-United Press. trade with China, to allow news,

in drygoods, the

SINGAPORE MARKET Japan to continue trading with business

Korean uncertainties, devolua- Communist China

Singapore, June 5. to buitress

tionary sentiment, the price Prices of Ne-rubber-fuleres- her own economy,

Much more wilt have to be wr among blg

department closed here today as follows:- sald about this. in the Lon stores and a bandency to lessen Number 1 rubber, per lb.

the

347-147-25 don discussions," it says.

fears of insect carlier

July

141-141-4 damage. The Manchester Guardian

_133-15=132~15 thinks one of the best ways to The Census Bureau reported assist the Japanese economy back that Manufacturers' textile Lo- on to feet is by giving it some ventories at the end of the first part to play in the Colombo quarter were 27 per cent more Number rubber,

At that time the Fund said in "Countries whose balance par: of payments and reserve pɔsi. should tions have improved ensure that restrictions are not maintained which were previous- ly imposed for financial reasons." Mr Snyder opposed apprecia- tion of urnencies as a solution

for worldwide Inflationary len- dencies. He said: "Fundamentally we must deal with this problem through measures such as taxa- tion, credit controls, allocation of scarce materials and similar methods which can be applied in all countries. He was comment- ing on a UN Economic Commis sion report for Europe suggesting revaluation of some

currency restrictions Mr Snyder was talking. which about at his previous news con- ference and which some experts thought he meant today, were those which Britain imposed on

of conversion

pounds caby sterling

into dollars after September 1949. The British at that time were allowed, by tacit consent of the United States, to of the disregard provisions Anglo-American lows agreement which required easy conversion of pounds to dollars when the money was held by third coun- of tries. This had the effect reducing United States sales to and thus dis-

plan. It could manufacture

facture than a year ago. The indepen-

Morch May July October

Was a

cetta per 16,

June

August Number 2 rubber.

June

Number 3. rubber,

June

Jube

44-40 44-44-76 42-9,93

05-12-30

141-15-142-12

137-35-138-11⁄2

131-132

140-150

113-115 157-167- -United Presh.

Exchange Rates

Business was dons in the loca

Unofficial exclianga market this morning at the following rates 37.58-37.501 Sterling note (barg£19.. 10.73 3712-37.10 |}||U.S. dollars (por 81) 3743-37.05 Indonesia miilders for 100)

Blam ticals per 100) Singapore (Straits)

16,03

34.50 3404 -United Prenu. NEW ORLEANS MARKET

7130

ΤΟ

ORIENTAL

STEAM NAVIGATION COMPANY

R.M.S. "CARTHAGE"

SAILS:

NOTICE TO PASSENGERS

BAGGAGE:

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

ALL passengera baggage must be sent to the Hongkong & Kowloon Wharf Co.'s Godown at No. 2 GATE, CAN- TON ROAD ENTRANCE by NOON on THURSDAY 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 between 9.30 o.m. and 11.00

0,21.

NOTICE TO CONSIGNEES NOTICE TO CONSIGNEES

Consignees per

“RENLAWEB8”

sre, hereby, notified that their cargo In being discharged into the Hoog

CONSIGNETS PER AUSTRALIA-WEST, PACIFIC LINE

22. "CITOS"

kong & Kowloon Wharf & Godown are hereby notified that their cargo is being discharged into the Hong- Co's godown, where it will be at Condence risk and maje to kong & Kowloon Whart de Godown the Whare terma and condition of Co godown where it will be at storage, and where delivery may be consignes risk and subject to the

What's terms, and condition obtated.

storage, and where delivery may be obtained.

Densed packages are jo be left in the Gedowns for examination by Consignees and the Company's muAZ- YUYUTE.

-Berry

Damaged packages are to be left Cormichact and in the godown for examination by Consignees and the Company's Clicke, at 39,KAL, KI JING) 1851. Surveyor, bicssrn. Carmichael 黏 Το comply with Usa General Clarke at to am, on the Jius June, Boode 4 Warebouso Regan, 1951. Copiers most have a RavŠCILIO Osobe in attendance when damaged Bonded Warehouse Regulations, con- dutiable goode are examined.

То comply with the General

Aigners must have a devenue Officer

No claim will be admitted after altendance when damaged aut the goods have lots the camera able goods are examined.. godowns, and all gooda nemaining Indexvered after the 1th June, 1 the goods have left the SESILOT's

6.20

3.30

SITE

13,23

will be subjoes' to 'rest.

New York, June 5, A gap of $5 e ion separated

Spot rubber. many of the capital goods needed dent strength in far-off October, unbalod in South Asia” and in return 1952 delivery

Venture. Black crepe otain many of its new materials. Brokers said Wall Street Com- No. 1 pale crede

"In retrospect," the

mistion. Interests Guardian

were buying says, "the neglect of Japan by October against sales of nearby the economists who drew up the months. October closed 41 Calombo Plan szems rather points higher, but other months surprising."

were off 9 to 13 points, Prices closed here today as follows:- IMPRESSIVE FIGURES

Spat

40.00 July Tokyo, June 5,

4105 The Japaneso Industrial level October is continuing to rise and steady Docember. Increases are shown in many commodities, General Matthew B. Ridgway's headquarters on- nounced today. The figures, re losed by Allied Headquarters, showed impressive guns Spot Allied

wero optimistic officials

July for the future.

October April the production December and cement clinker March (1952) ex of In a sense, pae expert

reached new post-war highs of May It was done by tudt of the United States

and 534,000 October 540,000 metrle.

tone because

metric tons,, respectively. The the British were recog- nised, as being in a tight spot at the time. Since then their bal much improved, States officials there- fore were hoping for an adjust- ment back toward the Anglo- American agreement and towart. a status of frees trade for which the United States has struggled for many years-United Pros,

third countries at the United

·Prices closed at the end of criminated the ofBelal morning sasalon as follows:--

2.301/

2.3112

December

March

Spot

2.40 243- 2.45%

1."

Spot tin, buyers

1.80

Spot tin, sellers

1075

Budnew done at

Three-months in,

July

buyers

1,090

1.052-

September

December March

1.00%

Ryo

July

September

Oxta

July

September

100% 1.03.10231

831

Three-months tin,

sellers Business dano at Beillement

1,035

agreement

1,002-14-1.003 Brid

1.076

United Press. Singapore, June 5..

The price of Malayan tin tumbled (Stralts) $13 per plcul New York Jour per 200 lb. snck, today to the lowest level in many Thero months STS$946.37. CANADIAN FRIGE-

was very te demand.--Assp-

$13.00--United Press.

New York, June 5.

The Canadian Wheat Board elnied Press...

announced today a reduction of

4 cents a bushel for export NEW YORK BANK

wheat No. 2, effective June 0.

Wheat No. 3 was quoted today

at 2.28 United Press.

QUOTATIONS...

New York, Juno D.

Exchanges In NY Bank of America 284 bi4, 2014

Present cement production is

closely approaching the all-time Japanew high of 582,900 metric tons set on Nov. 1940.

Abre industries, a sharp was shown over the A shirp Increase in the pulp and paper Industry was

recorded March. Production of painte and protective coatings of 625 090-metal toms in Blanch this

New York Stock The manufacture of

was a new poet war, high

Market Up

Naw York, June 5.

Stock cloned-higher is today,

July

Fic piastres (par 300)

Closkog rato

Juric.3.

MEDI

44.00

3101-37.03

21.00

· All claime · agamet. the steamer must be presetied to the Enders: red on or before the zist Jane, copra buyers and ecllers with, or they will not be recognised. $187.50 and Wo Fire Insurance will be effected. material bld at offered at $192.50 per short ton, CLF. the Pacific Coast. Cocoa-

30.00-3691 nut all was offered. again at

30.47 bki 28 64 United Presa.

New York Sugar Futures

New York, June 5. World sugar futures closed here today I to 7 points tower, with sales totalling: 15 contracts,

· Contract No. & (Worlas Joly Pozamanday 7.19 traded

september

7.14 traded murry (1933), 2...

0,20 ki

ET

of high firebrick is at present

by the

difficulty of

May shale

from North July

The fabrication of peg. | Baptainher

bearings during the twend

ver of 1900 was 3,435,000 July

The Dow Jones averages at the actric fores, 11 per cent .in-

Closing bank quotations:

naked, New York, June 5, Chaco Nailonal 30% bis 38% Foreign Exchanges: Conada

sind. 920014; Botalom 1986; Holland National Cijo 493 blag 10 16.20 twitzerland. 23.00--Pano». clated Press,

Associated Pramės,"

ascent.

„end of the mession stondi sa

for---| 180, industriais

20 Tails. 10 ulikties

247.00

-7052

42.48

United- Pre

DREVLORIN YOmar'.

Other p Tepinces inputer pro movies long time post-war road, to re- COFETY.

14% penis a pound, F,0.3. mills.-United Press.

W. #. LOXLEY & CO. (CHINA) XTD.

anna Astepta,

Ben Kine Diosmets, LAA.

Hongkong, to June, 1951.

No clams will be admittoŭ after-

"

godown, and all goode" remaining undelivered after the 12th June, 1001 will be subject to rent,

All claims against the steamer must be presented to the Under- signed on or before the' 16th June, 1981 or they will not be recognised. - No Faro Ineurance will be effected. DODWELL CO. LTD. Agenta,

Topgkong, Sim Jipną, -1051.

Pacific Far East Line, Inc.

DILECT

Fast Regular Trans-Pacific Service

SAN FRANCISCO, LOS ANGELES

NEW YORK-CHICAGÓ DETHUIT-TORONTO -⠀ MONTREAL AND ALE: 'AMERICAN & CANADIAN, ČÍTIES

Ter

- Versel

"MATHEW : LREBRNGACHT. FURORGE LD

Fro

San Francisco Ban Francisco

Fun: 11

10

730.

130 traded

Blogspołe; Denguat d

San Franciso di Kos Angides

Otraits

AD raded!

A nomina)

lis ponttal.

For fall particulars anil Uplies Binles· Linen Co. General Agente, Queen'n'Buliding, Tel: 25186,

Bepted

-United Pren.