1951-06-08 — Page 9

1

L

R. I. L

ROYAL

Date

In Part

In 2015

In Port

141 Jun

Sin July July

TOD

AZth June 22nd June 25th June 19th July 17th July

Date

th June 14th June Early July

Sklo

INTEROCEAN ・ ・ LINES

"TIMENTANG"

"RUYS"

ARRIVALS

"TJTJALENGKA“ «TIIWANOP "TITIALENOKA”

"RUYS"

STJIMENTENG"

"TIWANÓP

"AUTA"

From

5. America, 8. Atrlea a BingaPATE, S. America, 8. Atties, Singapore &

Saigon.

Macassar, Java Porte,

Maesitar, Java Pulls & tingipore. Marquet, Java Porte & Singabote Japan.

SAILINGS

"TJITJALENGKA"

"RUYA"

Agents:

Το

Japan via Manila.

Singapore, Java Porte & Mackar. Japan.

Singapore, Java Ports & Macakar Manila, Singapore, B. Aftien à 1.

Amerira.

HOLLAND EAST ASIA LINE

ARRIVALS

Ship

Prom

"ARENDSKERK" "KIELDRECHT "KIELDRECHT"

Japan. Europe & Singapore, Japan.

To

Manila, Singapore Japan via Manila, Mánka, Hingapore & Europe,

& Europe.

13th June 17th Jube Early July

SAILINGS

"AREND HEDM"

"KIELDRECHT" ORIELDRECHT"

THE CHINA MAIL, FRIDAY, JUNE 8, 1951.

Japan's Exports Iron Ore Merger

Stimulated

Tokyo, June 7,

The Korean war ha simulated Japan's export trade.

The monthly export figure of approximately' -964,000,000 in the

frai half of 1050 Increased during the next six monilia after the outbreak of the Korean war to a new high of $117,000,000 In Decem. ber, according to General Headquarte figures. -- United Press.

HONGKONG.

SHARE MARKET

علمی

Plan To Aid British Output

London..

A project to merge firms working iron ore in Oxfordshire, Northamptonshire and Lincolnshire is being studied by the State-owned Iron and Steel Corporation. The scheme is only in its early stages. Mr S. Hardie, chairman of the Corporation, believes that greater and more efficient production of home ore could be secured by such a step.

This would be of parti-: cular importance because of

the serious shortage of im Wall Street

ported scrap and ore. Mr Strauss, Minister of Supply, rocently-told-the-House-of- Commons that these short.

(From Our Correspondent) | ages would mean a fall in

HK Bank .. 1300

102

705 715

5 2 110

steel production this year.

ANOTHER MESSAGERIES DECLINE IN

M COTTON

New York, June 7, -Cotton prices reacted sharply today after a bold attempt to extend Wellnesday's rolly at the opening." Bulls again tried to play up on dry weather con ditions in the Eastern the effort fell flat, because of "belt but where. Disappointment was also the favourable conditions sises. expressed over the fallure to movement in July.

expand the initiai covering

A leading spot

Arm Put Dround 10,000 bales Into the ring on an outright basis and EON several thousand against

purchases of Inter months. The inability of October to break through to the 30-cent level on the opening rise nis

more

Gains Are undermined buyers confidence.

Extended

The market opened up 10 to

Į 28 pointa at the day's best levels.

It closed with losses of 20 to 27 points.

Spat

July

44.06 nominal

45.20 -45.74

Oolober December March (1952)

37.39

21.31 -37.22

27.14

To nomine)

30,63 nominal

34.91 nominat

Untiedt Press.

NEW ORLEANS MARKET

Bitsiness done on the Stock Exchange this morning was The projeced merger is the valued at $204,380.35. Noon Arst suggestion from the Cor-

New York, June 7. prices and the morning's trans-poration forla major reorganisa- For the third straight session octions:-

it assumed owner- the stock market today extond- May tion since HITARES BUYERS SELLERS BALES ship of the nationalised sectors ed its gains. At the same time October

July BANKS

10 or 1380 of the industry on Feb. 16. the tempo of trading stopped up 10 (385 The intention to maintain to the best pace in two works

of the big

biatcel- the identity

The pace was easily attained firms under nationalisa- despite a marited log in automo- waking tion gill holds, and it is not biles and scattered

lostes proposed to merge them. Two throughout the 1st Intonaifled by Spor Important

Stewarts moderate profit-taking near the Octo and Lloyds and Appleby-close. 41000 3.25 Frodinghom, are affected only Baliroad shares showed the March (1962)"

100 6 32.25 because

they mine their own way for the advance. 1.30 1.20 3000 130

They July 4500 1.15 ore.

were followed closely by alls, October steels, chemicals and scattered issues in distillers, air lines and miscellaneous producer.

RAKINGSPROULOUNGEFTELEPHOSESTERROIS TORMOS

Enst Anla INSURANCES Union XD DOCKS, ETC.

N. P. Whart

XD

Providi

LAND, ETC.

Big Exhibit Of British Goods At Canadian Fair

Toronto.

The United Kingdom is once again pre- dominant at the Fourth Canadian International' Trade Fair at Toronto.

The total size of the British element is 60,000

sq. ft., excluding the area booked in Toronto by the Canadian agents and representatives of United Kingdom, principals.

Capital goods are bong exten- | sively shown by United King- dom exhibitors this year.

The largest composite display is rel British

sentlon, machine tool with

products

from ranging

machinery drilling cutling

wood working

-

through lathes and

machines to engineera'

tools and hand tools. Brilish

technical periodicals ara

seen in this section.

0150

Members of the Scientific In- strument Munufacturers' Assa- clusion again display micros-

Silver Price

Drops In

New York

New York, June 7. The price of silver drop-

copes, surveying instruments ped-more-than-two-cents "high" voouum equipment blno-

olars, and other instruments.. The British graphic arts ma-

an ounce today from the thirty-year high of 80.16

chinery group wes organised by cents maintained for the

10 member firms of the Asso- ciation of British Manufacturers

of Printers Machinery, who de- monstrate composing

1er.

MECHANICAL

TOOM

'HANDLING

past five months.

4

un ounce, com-

is

4.30 4.40

30!

HK Hotel

UK Land XB

Shat Land.

Humphreys 0.00 UTILITIES

Trom

11.75

05

12

1000

Star Ferry

XU

C. Light (0)

XD

C. Light (N)

XD

*C. Light (8)

ху

Electric

ས

3.50 3000

concerns,

DUE TO TAKE OVER ·

Tho general direction of the

Goins among leaders ranged industry as a whole is mill in

A few 6.03 the hands of the Iron and Steel to between $1 and $2,

Federation, as before nation- pushed upward more sharply. 3.00 | allsation, Blthough the three

three Nickle plato gained five at $204. has Other gainers included American Interim perlod months 29 10022 clapsed.

ation Cyananid, Northern Pacifle, Re- When nationalisation was last debated in the House public Aviation, Baldwin, of Commons,

Mr Guantanamo Sugar, American on Feb. 7, Strauss indicated that the Cor-Airlines, poration would take over gen-

ral control at the end of

months.

100

2215

$300

744 22.00

......

91

Telephone

х

INDUSTRIALS

Coment

Rope STORIS ETC.

Dairy

14

Crawford 415

COTTONS

Dwo

three

A total of 018 issues advanced, the 220 declined. There were 17 new highs for the year and 18

On Feb, 16 the Corporation now lows. stated that the Federation's

Dow Jones Averages:— cooperation Stocks proposala for

225 2000 2.10 during the interim were un Industrijs

acceptable. The Federation had Rails declined to admit. Corporation

Mon | Uulities representatives to its central ་་མ་ council

or its executive com- but agreed that they uld participate in the de-

Weekly Bank Statements

The Bank

London, June 7... of England state- ment for the week ending June

0 reads as follows:-

Notes in circulation Public deport

Private deposite

Government securities

Other securities

Itercipts

Bank ratio

which polley.

deal svith

But since then it has been Sir James agreed that Gen. Stede and. Mr W. H. Stakes, of the Corporation, 41,337,137,000 should altend meetings of the development and and the

members

17,521000 Federation's

committee

30,330,000 education and training

371,538,000|esca

386.332.000 research

13,777,000mittee.

2.4

com-

October

December

May

Closing rate Jime

44.91 nominal

45.75

37.46 -37.48

17.06 -37.11

37.10

37.01 bid

34.00 bid

United ProM.

DROP IN KARACHI

Karachi, June 7. There was a considerable drop In prices on the Karachi colton textile market today. Textile merchants

attributo

this to "blank sales of 10 to 15 times the actual stock, which organised gangs are said to be operating.

Other sources said

is due to heavy imports from Japan- said to be about 400 per cent above the 1948 loveland to. the large stocks held back by dealers since the beginning of the Korean war,

AL-

01.72 230.81 The Textile Merchants'

80.28 sociation is to ask the Govern 42.92 ment to check the deterioration by artificial means and stop bogus transactions.—Associated Press,

--Associated Press.

New York Sugar Futures

New York, June 1 World sugar futures closed today unchanged to 3 points higher, with sales totalling 123 contracts,

Contruct No. 6 closed 2 higher

Contracts No. 4 (world)

7.20 trailed

-United Press. The question of representato 1 lower, with sales totaling BANK OF FRANCE tion on the central council and 350 contracts.

the Paris, June 7.

executivo has not

beam July The Bank of France state. raised

again. The whole September

of the Federation | January (1593) ment for the week ending May organisation

March remains intact and operates as 31 reads as follows:- Total gold holdings

before nationalisation."

July

Spot

July

Frs.

......................181,440.678,020 Total of other cur

rencies

poza

Sight balancus

abroad

Advance to currency

stabilisation fund Bills discounted lo

„France, and abroad Noles In circula-

tlon Current accounts &

deposits

2,980,130,233

165,030,854,180

144,900,000,000 359,408,079,010

1,032,01 240,205

177,852 496.09 -United Fress.

RUBBER PRICE IN LONDON

Messrs Handy and Harman, bullion dealers, whose quotation equipment, ticket-printing ma- is the basis for transactions of chinery, carton glueing na-silver, quoted New York silver chinery, ant a wide range of

87.75 cents at other equipment for the prin-pared with the 00.10 cents level

in effect since Jan. 8.

The decline believed to slcm from seasonable re- duced consumer demand in the In the British industrial truck past few weeks and reports equipment group the visitor sees at the Mexican Government the latest fork-lift trucks, plats indicated its willingness to form materials handling trucks buy silver produced in that and slacking machines which country at an equivalent of 88 Britain can now

tc the cents an ounce in New York. offer Conadian market whilst the four A transaction in foreign sil

nombers of the British mechani- ver at 88 cents was made in val handling group

Now York today by a exhibit model of an unerlal ropeway, as company, well

As fullsize

The London price remained conveyors,

unchanged at 781d. for Spot and Forward-United Press,

storage equipment, and so on.

a

The British Clock and Wotch Manufacturers' Association Is

showing all types of spring

driven clocks, watches,

electric

BS well

clocks, and

Industrial timekeepers. Am

London, June 7, - Prices of rubber futures closed here today as follows:- Number 1 rubber, in cenia

per ib. July July/September October/December leading January/March

4314-40 30-4

4512-43

4912-44

35-35 **United New York, June 7.

of rubber was unchanged today. The Government selling price -United Press,

The Germans

Have £300.

Light Car

Frankfurt.

Allocation

Of Wool Attacked

Sydney, June 7. The Executive of the Austra». lian Graziers' Association today 6.15 nominal passed

resolution opposing the American proposal that Australia allocate wool and co- operate freely to assure equit- able distribution of raw materials to the United States and other Western allies.

5.26

September

·8.29

7.20

Contract No.

0.02

September January (1963) March May July September Spot

0.03

5.42 trailed 5.62 nominal

6.212 4.00 -United Par

Gold Interests?

Request

The Executive said the main- tenance of the Australian wool

"BASTIA" "EPINAL"

ARRIVALS

Page D

MARITIMES MY

from Haiphong from Europa BAILINGS

-PASSENGER/FREIGHT SERVICE

“FELIK ROUSSEL”. "LA" MARSEILLAISE" "LA MARSEILLAISE"

"BASTIA" "AUBAY" "OUISTREHAM"

to Martailles

to Japan

to Marseilles

FARIGIIT SERVICE

11th, Jane 7th Judy

23rd June 11th Aug.

22nd Aug.

.N. Afelda & Europe 13th June ....N.' Africa & Europe 13th July ....N., Africa & Europe 18th Aug for

PORT SAID, TUNIĄ, MARSEILLES, ALDIERS, ORAN, TANGIER, CABABLANCA, HAVRE, DUNKINE, 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.8. "ANNA MAERSK” M.S. "LEISE MAERSK"

June 18%

June 30

July 16

ARRIVALS FROM U.S.A.

M.S. "GRETE MAERSK"

June 28

M.B. "OLGA MAERSK M.S.

July 19

LAURA MAERSK"

Aug. 9

For Freights and Further Particulars please apply to:--

AGENTS:

JEBSEN & CO.

Pedder. Building

Tel. Nos. 26861-3,

PATTISON ORIENT LINE

LIMITED

DIRECT SAILING TO PUSAN.

S.S. LAURE PATTISON"

Due:

In Port

Satling:

June 9th,

auction system was imperative DIRECT, SAILING TO NEW ZEALAND

and that it wan difficult to see how an allocation method could avoid wrecking the auction system.

by

The Executive also said that in facing the problems created

American pressure quire wool, proper weight must bo riven to the needs at

to no-

Think of a car about the size j'cd a Morris Minor, with a body mode of wood, so light that four heavy men seated, inside would double its weight.

Gold mining circles have The statement added: "Amori- There you

asked the Goverment to relax | ca entered the wool market saloon, cheapest German car at its campaign. against gold spasmodically. She is not one the

Australia's *traditionar beat Manila, June 0. customers.

have the Lloyd

International

here. Its export otor Show dealers suspected of smuggling of our traditionsi best customers.

of 10 m.p.h. It/terests well the mining in present demand she will con-

·

S.S. “VALLES" LOADING HONGKONG JUNE 17:

FOR AUCKLAND & WELLINGTON.

12-14 Queen's Road C.-

Tel: 28844.,

Chinese Agents:

is £300. the

the metal to Communist China, Nor is there any assurance that Its under-3 h.p. twin cylinder the Manila Bulletin sald today. when she has satisiled her

Tho two-stroke engine gives the car

paper solá a top speed

campaign was tinue to purchase large quanti-

Oversea Chinese Steamship Co., Ltd. age poirol consumption of well local market, cruises at 36 m.p.h., and aver frightening buyers out of the ties of wool from this country

which absorbs with

48 Bonham Strand W. regularity-United above 50 miles to the gallon.

about

three-quarters of Philip Press. The Independent front aus- pina gold production at US$71 side, an ounce. The Centrai Bank a slightly bumpy ride over buya one-quarter at the legal

Grain Prices Japanese Bonds pension on the sit

In

In

Chicago

the consumer goods, the display the cor of suitings, blankets and other cloth by member firms of the

Chicago, Júne 7. " National Wool

Textile Export Prices of grain futures closed Corporation emphasises this here today as follows:-- traditional expert to North Warat-price per bushel. America. English footwar in also Spot shown by well-known firme. July

September December In support of the efforts of March these and many other British Corn purticipants, the Board of Trade, July Spot with the close co-operation of Beptember the United Kingdom Trade December Cornmissioner Service in Toran-Marth

to, has again installed an official July commercial Information bureau September

the reception area of the July

In

Data

The theme September

Coliseum Building. Th

this $12.00-Untied Press.

2.50% 041-2.11

247

1.775

1731 4.0425-16 1.00-14

1.

0.04%

80%-5% 03-

of this bureau is "Dollars for New York four-per 200 lb, back, Defence.'

Officers at bureau assist all' United Kingdom exhibitors and answer all in- quiries from Canadian and other business visitors about British goods,

World's Bread Grains

Copra Price Off grains-wheat

New York, June 7. Seller offered nearby copra

New York, June 7. World production of bread and rye vyan about 230,000,000 short tons 1214,700,000 metric tons) in 1980, This production, although

London, June 7,

Japanese bonda

'A" (41 of 1899)

(45., 2010)

15%. of 1907) (5 of 1034) "" (b. of 1834) Carols

ធម៏ទ ៖

50

United Press.

riving i

Eny

rough cobbles, and the head rate of US$35 an ounce-A-LONDON

room is not all that could be ciated Press, desired for tall people.

But those

ame

the only

criticisms of a car which ather-

to

wise is adequately roomy for legs and elbows, and is fully up modern standards of New York, June 7. manoeuvrability. Japanese bonds made one of The finish of the car, although their most spectacular showings It has a wooden body, is smert, of recent months in the foreign | because the final covering la dollar section of the bond mar-made of a shiny fabric. Every ket today. Ter issuss gained edge is, finished with one to four poly's as the nows from Korea continued favour- able for the United Nations- Associated Press,

Exchange

Rates

Brine was done in the tooni unofficiat * exchange

market

morning at, the, fallogging-enterp

Sterling note (perm

10.78

UB. dallra iper #1)

Indonesia quliders (ver, 193je 10

Siam then toer 100)......./...

27.50

Singapore (Strand)

1.25 11.20

FIC piastres (per 100)

Pepper Dulinoss

chromium line.

Want Imports Increased

TIN

EASIER

London, June 7.

The tin market was easier again today. Tumover was 180 tons, including 30 tons for

Prices closed at the end of

cash.

1,045

New York, June 7. A group of industrial sugar usera today asked. Agriculture the official morning session as Secretary Charles Brannan to follow increase the amount of sugar put in, sillárs apat in. buysm The German factory is today the United States - may import | Burinses done at turning out 26 daily, expects to l this year."

Zuuree-month tin, buyers' 3.02E make it 60 in two months' time,

Vin, cellers In a letter, the group of Three month

Business done at

035-1,000 and 100 a day by the end of beverage manufacturers, bakers Bettlement the year,

United Pres. and confectioners asked that the -London Experten Service).

supply to increased to bring down prices, which have been rising

recently. Associated

TEXTILE MARKET DULLNESS

Press

LONDON SHARES GAIN

Flame-Resistunt Clothes

New

York, June 7, New York, June, 7.

New fame.restatant clothes for The cotton bextile market

Industrie) -workers men be u was dull. Buyers showed little

manufailured the United

In interest in goods and most

London, June 7,

states with a fabric that is treat. mille continued to warts én new,

Small gains were made by with Goon latex compound. Now York, June 1. pricing chethules which do not industrials in the London Stock clothes made with the fabrie „bura once a The black pepper market was have, to be posted until July 2. Exchange today,

wil not continue. There were also small in directly applied flame la removes Cables from India,ranged, bo- undertone appeared stondier. the re-mala

market, tween $1.00-1.02 a pound in the luation In rayon goods bonds were steady bat idle

Woodood were slow, while moves narrowly Government Banjo-proofing compound cluding cost and freight. United was extremely

lingual up blam, "The"fabate Smarelal Fitnes Index: may be washed wiihouð. Löging Frese

1993/m/asociated! Free,

ita deme restriatios,

· at $155 par;shart top, G.L.F, the | 2,000,000 short: karm (1,820,000/ dull although doulera said the Print clothw edgest, miA Bon kercenes in gold, shares. Qlis becauša :: guess `formed by:A

Pacific Coast, off 15 overnight Cocoanut oil was offered at 15- cente a pound, FOR, mills, off Pasate-United Press.

metric tons) above that of 1949, was slightly below the 1840 pro- duction of 239,000,000 short tons (217,190,000 metric tons),

olsted Press, 2

Tels: 26040, 26127 & 31119

S. A. C.

ONLY SAC OPERATES TO PENANG

Leaving. Hongkong

Every Tuesday

Overnight stop at Bankok

Arriving Panang

Every Wednesday

General Agents; -

SOUTH EAST ASÍA TRADING CO., (SIAM), LTD.

69 Connaught Road, West,

Peninsula Hotel, Kowloon,

Booking Agenta:,

Tel: 24292 Tel: 50416

AUW PIT SING'S TRADING CO, LTD. 10. Pedder Street, Tel: 26733

CHIANG HOAT HONG

340 Queen's Road, West, Tel: 36204