1951-06-13 — Page 9

MARITIMES

M

MESSAGERIES

M

"FELIX ROUSSEL" "EPINAL"

ARRIVALS

Dram Marseilles

from Europe SAILINGS

PASSENGERÆREIGHT. SERVICE

"FELIX ROUSSEL" "LA MARSEILLAISI” "LA MARSEILLAISE“

"RASTIA”

to Marsellies

to Marseilles

**AURAY**

"GRENOBLE"

"OUISTRERAM”

40 Japan

FREIGHT SERVICE

23rd June 15th July

24th June

11th Aug. 22nd Aug.

N. Africa & Europe Hik Jane .N. Africa & Europe 13th July ...N. Africa & Europe 26th July ....N. Africa & Europe 12th Aug

for

PORT SAID, TUNIS, MARSEILLES, ALGIERS, ORAN, TANGER, CASABLANCA, HAVRE, DUNKIAK, ANTWERP & ROTTERDAM,

CIE DES Messageries MARITIMES Queen's Building

Tel. 28851 (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"

M.S. "LEISE MAERSK"

MS. "GRETE MAERSK"

M.S. "OLGA MAERSK”

M.S.

ARRIVALS FROM U.S.A.

"LAURA MAERSK"

June 18 June 30 July 16

June 28

July 19

Aug. 9

For Freights and Further Particulars please apply to:-

AGENTS:

JEBSEN & CO.

Pedder Building

Tel. Nos. 26661-3.

Wall St. Korea War Depressed Slows Down By Selling Festival

New York, June 12.

A moderate amount of selling, based to a large extent on quick profit-taking, depressed the stock market today. uboul

major Just

every division joined in the fall.

Losers showed up especially In rails. oils, steels. motora, chemicals and air lines.

Losses extended from a few range, cents into the $-to-$2 with only a few lenders going beyond that limit,

Transfers were 1,200.000. Two hundred and eighty- five issues advanced and 563 declined.

Bookings

London, June 12. The situation in Korea is down American slowing bookings for the Festival. of Britain. The Pall Mall office of the United States Lines roport that reservations are below the normal figure for this time of the year.

Assocla-

The British Travel tion, who were hoping for a record number of 200,000 visi-

Eighteen new highs and 41tors from U.S.A., now fear that

new lows were recordad.

Among

The

gainers were Beech Aircraft, Sunray Oil and Benguet Mining (the 10th most

active 1

Issue).

Stumblers included

a

this figure will not be attained. official said: An association "Reverses

in Korea had maksed effect on tourist traffic und we are an- Last summer xious about the present posi- Sinclair ion,

Airlines,

Santa Fe, Baltimore and Ohio, Cities Service. United Airlines. American Cyanamid and Zenith Radio.

Dow Jones Averages:

Oil, Northern Pacific, American "Inquiries from prospective

visitors continue to flow in, but bookings are being delayed."

"Bookings from the Common- wealth and the Continent are

so much affected. not so

"After the Festival opening matters

improve. The may trouble is that there may be a peak rush that will strain ship- ping facilities."-London Express Service.

Stocks

Industrials

Rails

Utilities

91.13 250.57

79.21

42.54

-Asociated Press.

Price Ceilings On Cocoanut Under Fire

Washington, June 12.

Comello Balmaceda, Philip-

Grain Prices In Chicago

Chicago, June 12. Prices of grain futures closed pine Secretary of Commerce and here today as follows:-

Wheat-price per bushel

Industry, plans to fight to get

Spot

United Statoo price coilings on July dessicated coconut removed. September

Balmaceda told the Press that the ceilings threaten March

May the extinction of the dessicated coconut industry.

spot The Secretary began a series | Juky

September of conferences with government officials to see if the controls ember could not be removed entirely.

THE CHINA MAIL, WEDNESDAY, JUNE 13, 1951,

Wheat Crop Reduction Of

Estimate

Washington, June 12..

is

WAS

The forthcoming Vailed Atates wheat стор today estimated at 1,053,- B25,000 bushels by the Department of Agriant- ture,

which

milghtly below Ayurnge.

With the addition of aa estimated carryover the IN production expected 1,433,825,000 bushels, In. elding an erilmated 350 fllion bustiels avaliable for export during 1901/52.

The Department added that the harvest hað fast begun under favourable conditions in the South- West. All crop prospects

are good to excellent In most of the North bus

Largo poor to fair in a airip ACTORS the South,

weather where dry farded production the The. partment sald-Reuicr.

*O-

DEPRIVING

Fifth In UK

Steel Output

EFFECT ON WORK IN BRITISH SHIPYARDS

London.

Shipbuilding will be the principal sufferer from reduction in the Scottish steel output of about one-fifth, representing about 400,000 tons per year, which is to come into immediate effect as a result of the scrap scarcity.

The reduction was announced in a statement issued in Glasgow by Colvilles Ltd., who are responsible for more than 80 percent of the total Scottish steel output.

Effort To Keep Down Price Of Newsprint

R.I.L

ROYAL

INTEROCEAN.

LINES

TALKS BETWEEN CANADA, US.

Date

JUN JU

Washington, June 12. in Port America's Mobilisation Port Director, Mr Charles Wilson, ́th Jame told a news conference here Jay today that Amerien is trying an huy

world to keep down the price of newsprint.

He said he had conferred with 19th June Canada's Defence Minister, Mr 17th Jan

2tt-June C. D. Howe, following the an

six Canadian 15th use nouncement by paper companies of $10

dton rise in (£3:10)

nowsTM print from July 1, making the Now York price $40 (£41:3) a

ton.

He plans to discuss the matter further with Mr Howe, probably In Canada,

ARRIVALS

Ship

"TJIMENTENO" *RUTA"

**JIWANGI" "VAN BEUTAZ" "TJITJALENGKA" "RUTS"

*TJIMENTENICH

"VAN HEPPACH

KORJEVCANTYON

From

8. Americi, i aleman, BigEKSEEN A

Balgon

Markets, Teka - Marne 4 Magnum, Japky

SALLINGS:

**

*TERIALENOSA"

**ROT****

y

"AUTO"

Fráát ein MARITA

RUBENDUNG ZWang a Bel... St.

Singapore, Erts Barbe- & Mieguar Madlia, Kuputate," 1. Adda & 1.

Antorica

Agents: HOLLAND EAST ASIA LENE

ARRIVALS

Delo

Bhin

Part

"AŽEJDSKERTA

JADES.

June

Early July

E. GERMANY immediate reduction of about 18 per cent in the Colville ernment mig: decide to place a ta

OF GOODS

0

Berlin, June 12. Western Allied officials are prepared to tighten the screws further on vital sup plies for East Germany un- less the Russians cancel new regulation that smacks of blockade of West Berlin. West German customs controls instituted two months ago have reduced smuggling 10 the point that the Soviet zone five- behind hind plan is year economic schedule, they said, The embar- machine go against essential parts and steel products deprived the Rumian zone of its only source for such kay materials for its industry.

By turning the screws, even tighter on goods now recognised as equally vital to the zone, the Alles could deal its industry o body blow. Such materials as copper, tungsten and brass are critically short in the Eastern

zone.

The West awaited word from the Russians whether they in- tend to stick by their new rule for commercial shipments out of Berlin, the four-power city 400 milles inside the Soviet zone.

This rule requires shippers to prove where they got the raw materiais for their ünished pro- ducts.

For two days, shipments which falled to carry certificates on this point have been turned back.

The East Germany Trans Office tonight rejected a hundred requests for permits for 000 to Western Europe, shipments consigned to move by trucks and not barge, because they were accompanied by statements of the origin of the materials.

American informants said the regulation could be used to pre- vent West Berlin from shipping anything. Such a one-way- blockade could destroy the city's economy and nullify $125,000,000 in Marshal Plan aid Associated Press.-

Allocation

Of Cotton Exports

Washington, June 12. The Secretary of Agriculture, Mr Charles Brannan, today an- A preliminary export nounced allocation of 2,300,000 bales of cotton to be licensed for export from Aug. 1 through Nov. 30 this year.

Mr Brannan atressed that the allocation is only an initial ap- porilonment and not the total allocation for the entire market- ing.scason.

He said it will be the policy of the Department to allocate for export all cotton produced this year in excess of domestic consumption requirements for 1951-52.

Ele added this would leave a Aug. 1, 1052 of carry-over on approximately 2,000,000 bules. 2.38-16

The allocation includes (in 7.39-1-2.30

thousands of bales) Indla 140; 3:44

the Philippines 8, 2.46-2-2.45 Japan 503.

Finland 0, Kores 22. Formosa 22 and Indo-China 12.--United Prets.

United December

Com

2.44-1

1.74.

182-

Merch

Ivo

No ceilings were placed on Ju copra and cocoanut all which September nis glosely related to demiented

Dala

July coceanul. As a result the des September

sicated

B

"Ital"

Industry was caught in New York Cour par $13.7-United Press, price

squeeze.

1.40-84 1.31.67 1.00-1

-81-94-02

03-

Balmaceda arrived In the

capite from Boston where he

200 lb. Sack,

addressed Harvard Business NEW YORK BANK

School Arociation. :banquet.-

United Press,

Copra Unchanged ··

New York. June 12.

QUOTATIONS

New York, June 17, Closing bank quotations:* Bank of Amarled 20% blk 2234 asked,

Copra was nominally un- changed at: $175 per short, ton, Chand Nations) - 20% bid, -38% CL the

Canada Phelde

New York Sugar Futures

Due to shortage of steel scrap there will be an

group steel production. The supplies of all classes of steel products will be affected, and arrangements have been made to ensure that the cut is uniformly applied, the announcement states.

bel sible

enemies"-Sir Frederick sald those ships could have been broken up here to provide steel. He was sorry to say that the future delivery dates of ships were likely to be affected by the lack of steel.

Reduction in output will effected in two stages. In the Erst instance, furantes will be shut down at each of the group's melting shops; then the Blochairn steel works, Pro- vonmill, which will go out

of action until further notice. Sir Frederick disclosed that is expected that about 200 men Mosers Harland and Wolff had will be without work as a ro- to refuse a contract approaching sult of the closure of the Bin- £300,000 for the erection of a chairn. The output from these new rayon factory in England. works is between 2,000 and 3.-10,000 tons of steel would have 000 ingot tons a week.

been required for the job. contract, he said, was offered to the Gem, but they could not that the

The plate mill at Blochairn will continue in operation. Closure of the melting shop is regarded as temporary, and it is hoped to resume full-scale production later witen raw ma terial supplies permit.

RESTRICTED WORKING

The loss of Ingot production will mean that the rolling mills at the works will also have to go on some form of restricted working.

The

touch because

use the Gover-

ment had advised them steel used would have to be part

News, 19

►

America's Price Director, Dr Michael DiSalle, mid the Gav- ceiling on the amount paper publishers may pay for newsprint, although it is at pre- sent exempt from price controls. In Ollaws, informed sources said the Government has de-13th Juno elded it would not interfere 19th June with the announced newsprint Karly July. despite American Increases, pressure,.

to

"If the Americans try

control to block slap a price the increase then it may be producers will that Canadian have to look for other markets an in- for their newsprint." dustry spokesman said.

America

ica currently buys about 89 per cent of Canada's nows- print production, which is ax- Fected to reach a record 5,430,- 000 tons this year-Associated

Press,

of the steel that they received Smart

for all other jobs. That would have meant disappointing own- ers who had given them con- tracts, and he could not let that

occur.

East Coast yards indicate they 10 Current reports from North-

em-

It is likoly that are aware of the growing handl- shifts a week-ends, Probably cap to production due to the the Friday and Sunday even-shortage of steel. Many

ployers regard the future with shifts, will not be wo

and misgivings

BOM steel- decision This major

had their order books: There making concerns in the area closed closed is a

ing

affect the whole pattern of in dustrial operations in Scotland. Already this

has year there

in

a stranility of more! firma having to impose short the This already applies at

been growing tightness steel supplies for engineering and other industrial undertak-the Jarrow Tube Wor ings, and further reduction supplies must

Intensify

the

Iron and steel trade reports show some slight improvement stringency, says the Journal of in the import of foreign

although the shipping shortage Commerce.

Smart Rally In Cotton

Market

New York, June 13. Cotton futures prices rallied

smartly after # weaks stari.

Traders regarded the advance asj after four days of sagging prices. a natural technical development

Prics closed here today fonows

40:06 nominal 44.40

Spot

July

October

3741

December

37.14-37.18

March (1952)

37.00

ore,

May

July

October

War, the reduction in atill keeps freights high. Steel

the

United Press.

31

44.91 nominat 44.23 blú

NEW ORLEANS MARKET of plates,

sections output, so far, has not been re-

Closing rate, June 13:- the level considered and other shipbuilding products duced to

'Spat will have

rearmament orders

July an important bearing likely, and

ofber on Clydo and

Scottish have been placed fairly freely. well as on

on those in Adverse factors relating to scrap yards, as

throughout the sub- and supplies receive Bellast which

trade remain unchanged. proportion of their re- from Scottish steal- quirements works. All these yards have! Full contract books, which

of construc- the present

tion-would-take-up-to-four or Ave years to complete, but the above cut In steel will post-

date pone the

of completion

further.

Wheresa

short time ago. steel was arriving at the ship-

tho

HONGKONG SHARE MARKET

(From Our Correspondent)

or two to a wook yards wh spare before going Into hulls on the stocks, consign- ments lately have been moving

The volume of business done immediately into

Exchange this consumption

pn the Stock without any margin of time. It morning was valued at $49,790. has been estimated that if the Noon prices and the morning's slower rate of

con- trangellons:-- delivery tinued it would mean a cut of BHARES DUYERS SELLERS SALER about, 25 Ther

in ship- BANKS building steel

supplies for the year. The latest cus In steel INSURANCES output suggests that this at least will materialise.

POSITION SERIOUS

a time.

N. P. Kharf Dack Poda Wheelcok

1409

East Asia

Unsign DOCKS ITE. 19. Whont

102

180 tia

*

4.10

2215 2234

1000 a 5.25

12 1600 @

Star Ferry

ཋཱ ཙ མཐཱ། བྷཱཝིདྡྷཧཱིཏྟཱ ཙྪ

500 1.20

C. Light (O) 100 AED 720

C. Might (N) 280

The whole tempo of work as engineering shops and other LAND, ETC.

#1 Hotel firms engaged on steel fabrica-

S'hai Land tion in the West of Scotland Muzsphreys. will be affected, although they : UTKIRKEŞ

01 may have a foir stock materials on hand to keep them! going at their present rate for

C. Light (3) 1.34 1190 A Colville

spokesman de-

Mecke scribed their stock position

Telephone in 014 serious, but said they had been INDUSTRIALS promised the tonnage necessary to maintain the reduced output. STORES, ETC. "It will be our worry now ta make sure that we get what has been

een promised," he added.

warning that

the cut in steel re- production would mean a

employment duction in

the in Belfast shipyards, was given by

ກອ

Hope

AÐIÐ

From

ESKODA ♣ Burgadore.

"KIERDRECHT“ "KILADRECHT", JAD

SAILINGS

“ARENDSKERK" Mandha, Singapore & Kurope. "KIELDRECHT" "KIELDRECHT".

Japan the Mirašta. Stenlän, Starspare & Europe.

SEKIMES BRIEDINGE TELLETONES PRISETO LUMI

PATTISON ORIENT LINE

LIMITED

DIRECT SAILING TO PUSAN

8.S. "LAURE PATTISON" In Fort

1

Salling:

June 18th

SAILING TO NEW ZEALAND

8.8. “VALLES” LOADING HONGKONG. JUNE 2 FOR AUCKLAND & WELLINGTON.

October

37424

December

36.96

March (1952)

37.04

May

30.00

July

'October

34.00

-United Presa

12-14 Queer's Road C.

The Rubber

Markets

London, June 12.

Prices of rubber futures closed

here today as Collows:--

Number 1 rubber,

in cents par ib,

July July/September October/December

January/March

4935-43

4212-52 3412-9%

United Press. SINGAPORE MARKET

Singapore, June 1... Prices of rubber futures closed

here today na follows:—

Number rubber, per lb.

June

July

August

1491-150

14214-143 137-39 Number 2 rubber, June 14335-14234 Number 3 rubber, June 1573m) Minnier, é cubber, June 130-333

d..... 102610315

Spot rubber, unhaled. Buck crede'.....

No. I pale crops. 1694-700%

United Pres NEW YORK MARKET

New York, June 12.

Crude rubber: Spot No 1

aco ribbed smoked sheets 60 asked. 246-Associated Press.

0.00

Dairy

1012 WGADO 1. Crawford 245 COTTONE WO MISCELLANEOUS

Entertainment 11

300 2015

*

Sir Frederick Robertor of Exchange Rates

man and managing director Harland and Wolf, Ltd.

Sir

Frederick, who was speaking at

Business Was done in the local luncheon after the launch of unofficial exchange market

the tanker Tank King (24,000 moming at the following rates: tons), building for Sigurd Hor-Stila note (per21)

F Olaru ·Lizsier, 100

Japanese Bonds

Japanese-bonta

London, June 13

"A" (4 of 1800)

"B" (4m vť 1910) " (5%. at 1007) ‚"D" (2% of 1804)

-United PreST.

Chinese Agents:

Tel: 25844.

Overses Chinese Steamship Co., Ltd.

48 Bonham Strand W. Tels: 25646, 26327 & 81119

SOUTH CHINA MORNING · POST

THE CHINA MAIL

SUNDAY POST-HERALD

THE MOST EFFECTIVE ADVERTISING MEDIA

ASK FOR PARTICULARS AND RATES COMBINING THESE LEADING NEWSPAPERS

Pacific For East Live Inc.

Fair Regular Trans-Pacific Service

this

18.17

a17

3.50

- DIRECT- SAN FRANCISCO, LOS ANGELES

Rugs Off Capital

*** - 47.8, dallars Foce $1) New York, June 12.

Co, A/S of Oslo, Indonesia guilders per 100), Toisen wald: "fore we have, Donerile sugar futures No. Six closed à to a higher.

fcent programme, a fine bodo planorem: (pac2 180) 0.19 July

1001010-11

of men, and fine body of man- September

0.10 bid

agers, all tuned up for produc November

tlon at an accelerated rate, but 8.00

the sword has fallen on steel, Domestic sugar fufares No.

don't know what, in go- and Five closed quiet, no sales.

Washington, June 12. World sugar futures Nb. Fouring to happen now."

There was no substitute, for

Oriental rugs, WOEW 4. FÉMAww! closet to 18 higher,

stock in shipbuilding, and the from United States price controls 747 Bid 7.50

OGICENDY Today, The - Devanagari, said steghminkera” in stocks

exhausted he task the craps, botoswoven. added. He urged everyboder to importes, dead for hele "PROTEINE BRAK 6.48 mombout throw out all the morajo khar valta ugone mad other

July

September Jamury Marxi adrasived; | Mad Cocoanaf all was angered 41-184) National City 433⁄41⁄2 - BM. 43% July

asked Raw Sugar Spot 1/4 cesta 4 pound, 9.0.B. mills.

United Prese

-----Associated Press.

0.39 natiual weren

practically

5:44 nominal

4

54 nominal could be a

0.60

Referring to the sale of o

Associated Press, ships to other countries"po

storage and therefore are

unstiable for prion control

"United Press.

“GEORGE LUCRÉKNAGEM

"FOGAR LÜCHENBACH

AA(OVERLAND

[NEW YORK-GRICADO DETRAFE-398ANT MONRURAL AND ALL AMERICAN & CANADIAN

Ban Francisca.

For

SIDEMENTE, ZONE &

Pūri, Biettandvan

Bin Polishes di Lot,Ang

| flas Frenc

For full particulars call United States Lines Co., dekoral Astonte, Chaoen's Buliding, Tel: 28196.