1951-08-10 — Page 9

Page

MESSAGERIES

M

-"'QUISTIENAM”

"LA MARSEILLAISE”

ARRIVALS

from Japan

THE CHINA MAIL, FRIDAY, AUGUST 10, 1951.

MARITIMES || Formosa After

M

from Kabe & Yokohama

. SAILINGS

PASSENGER/FREIGHT SERVICE

"LA MARSEILLAISE” "FELIX, ROUSSEL"

“QUISTREHAM"

"MEKONG"

"MEINAM"

18th Aug. 31st AVE.

to Marnefiles via Manila 22nd Aut, to Marsellies

18th Sept.

FREIGHT SERVICE

‚N. Africa & Europe 17th Aug. „N. Africa & Europe 30th Aug. .N. Africa & Europe 27th Sept. for

VORT SAID, TUNIS, MARSEILLES, Algiers, oran, TANGIER, CASABLANCA, BAYRE, DUNKIRK, ANTWERP & NOTTERDAM.

"ALEXANDRE DE RHODES” to Balgen

19th Aug.

CIE DES MESSAGERIES MARITIMES

“Ä LIMITED COMPANY INCORPORATED IN FRANCE' Queen's Building

Tel. 20061 (Three Lines)

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, via BAN FRANCISCO, LOS ANGELES AND PANAMA,

NEXT SAILINGS

M.S. "OLGA MAERSK"

M.S. "LAURA MAERSK"

M.S. "HULDA ·MAERSK”

M.S. "HULDA MAERSK”

ARRIVALS FROM U.S.A.

M.S. "TREIN MAERSK” M.S. "PETER MAERSK”

Soybeans

Tokyo,” Aug, 0. Negalistions Are under way in Tolya for the ex- port to Formosa 'of 9,000 tons of soybeans, through the E.C.A., Recording to trade: sourDEN,

The sources said' Jayan has on hand an over- Import of some '100,000 tons of soybeans, The talks.: 'are going on for $115. a Lan, about 20 per cent Bower than the purchase price.-United Press,

RALLY ON

LONDON EXCHANGE

London, Aug. 9. British Government bonds, textile issues and oil stocks led a brisk rally on the Stock Exchange today, Japanese bonds were in good | demand ·

Heavy buying of German bonds continued for the second

day consecutive

with

some closing 3 points higher,

Financial Times dally Index: 131.0, up 11.

Japanese bonds

"A" (an of 180)

"B" (4 of 1910)

Pakistan Planning Building Of Own

Jute Mills

Calcutta, Aug, 9.

Behind the present Indo-Pakistan tension lies not only the burning question of disputed Kashmir, but another long standing bone of contention- control of the "golden fibre"-jute..

NY Cotton

Advances Steadily

New York, Aug. _D."

In spasmodically native dal- Ings prices cf cotton edged up-

R.I.L.

ROYAL

INTEROCEAN

ARRIVALS-

Deta

Fort

14th Aug. 10th ADE..

with Ang.

Lith Adr.

East Pakistan had grown 67 per cent of the world's jute, used in burlap sacks, gunny bags, packing crates, bales, auto cushions, linoleum, car-ward perals.catly after a steady1ie Aus- pet backing.

In undivided India, West Bengal's Calcutta jute mills drow raw jute from the East Bengal farmland which now comprises East Pakistan. The economic war between the two young republics led India to begin planting her own jute in the States' of Bihar, Orissa and, Assam,

"Of course they would like to get our fube back if they could," said Aziz Ahmed, Chief Secretary in the State of East Pakistan. capital Dacca. "Vested interests In Calcutta have never accept-

partition.

J

HONGKONG SHARE

MARKET

(From Our Correspondant)

Business on the. Stock Ex- change this morning was valued st, $571,720.20. Noom prices and the morning's transactions:- SHARES BUYERS BELLERS SALES BANKS

Pakistan is quick to point out the

difficulty of defending East Pakistan in the event of conflict. by India and on the fourth by the Surrounded on three sides

Bay of Bengal, Its 1,740-mile border includes 824

miles of fint 60% plains and 600 of low hills,

An acrint visit showed East Pakistan's lone seaport, Chitta- song,

with a

of 17 capacity chips,

busily readying shore batteries, a few anti-aircraft and niber port defences to assure WALL ST.- ACTIVE

the Slate's lifeline, the foreign Jule trade as well as military New York, Aug. 9.

needs war comes. Prices declined on the stock

Indian leaders belittle the idea exchange today in fractions to

hey ar

are nursing any designs. of In moderately regaining around a point

East Bengal, and active dealings.

ecuntercharge that Pakistan has been diverting the lute trade to foreign markets, "Just 10

Calcutta is now displaying mounting anxiety over Pakis-LAND, ETC. tan's plans to build its own jute mills for the first time.

60

HEH 18% of 1997) "D" (3 of 1934) "E (5ss at 1054) Console

85

Aug. 14. Aug. 30

7012 1061 60% Associated Press and

United Press,

•Sept. 14

Aug. 18

Aug. 28

Sept. 14

Trading was 1,500,000 sharts, Of 1,125 issues traded, 500 were

changed.

For Freight and Further Particulars please apply to:-lawer, 344 higher and 506 un-

AGENTS:

JEBSEN & CO.

Fedder Building -

Tel. Nos. 36086-9.

Scathing Comment By Chairman Of Exchange On Dalton Speech

London.

The Stock Exchange made a bitter attack on Mr Hugh Dalton for saying it was "good fun" to see-the-City-thrown-into-disorder-by-the- Government's decision to peg dividends.

Mr John B. Braithwaite, chairman of the Council of the Stock Exchange, accused Mr Dal-

senior

ton-a former Chancellor, and as Minister of

Local Government and Planning still a member of the Cabinet-of "irresponsible and ignorant levity."

Mr Braithwaite, in an open embracing almost every aspect letter to the Press which can of the life and activity of the be taken as representing the country. views of the Stock Council and the other active members of the writes:

Exchange 4,000 House,

"Mr Hugh Dallon is report- ed in the Press as having used the following words In the course of

The decline was attributed to profit-taking b:cause of the recent upswing which carried prices to the best levels in more than 22 years.

PLANS OUTLINED

cping. Two factors dominated,) 2016. AUT. sentiment. The Bert was crop deterioration

Bird Ant. eports from

Texas

zoth Anf. and the second, was the over- night Government announcement with Ar

cik Kept. ting the raw

cotton export The removal of export controls. controls seemed to lose some ef its Influenez later in the day. Traders anid it had been expect-

ed and therefore discounted

sorne extent.

Prices closed as follows:---

Spot.

October

December

March (1952)

Delobor

December

Many July

to

Dale

Hith Aug.

2nd week Ort.

36.30

3438

18th Aug

34.80+34.60

34.00

16th Sept. MIR Sept

3456-34.67

34.22

3287 nominat

33,71

United Fresa.

18th Aug.

Spor

October

34.85 34.40-34.47

2ist. Aug..

15th Bout,

December

3447-34.48.

Mid Sept.

March (1933) ....

34,58

Zud week Oct.

22 hid

NEW ORLEANS MARKET

May July October December

21

Su bid United Press. TEXTILE MARKET

New York, Aug. 9. The cotton textile market was gulet today with a large cotton capp ferecast by the Departmen: ef Agriculture. Buyers were *GO 250

to lock for still lower 1000 200 inclined

prices,

UK Bank XD 1410 1480 20 61, 1470 East Asia... 113 NeuRANCES

Union

Underwriters #K Fire DOCKS, ETC.

K. Wharf

N. D Whart

Dock spits

East Pakistan Prime Minister The market opened sharply Nural Amin predicted that in higher in response to the freight five years Pakistan will be able Increase authorised by the Gov-to dispose of its catire 6.6 mil- crnment. Carriers led the lion bale annual Jute crop in its cpening rise but as trading pro- own projected mills, plus con- gressed they turned sharply tinuance of current foreign downward. Automotives were markets lower

'Strals: moved lower, Outlining Pakistan's plan to Utilities declined slightly,

develop its

own mille, M. M. Dow Jones averages at the Ispahani, member of the Paldis and of the session stocd as tan Jute Board, said they would

by reach 15,000, loom capacity 202.09

shifts 1950 by operating three 01.39

and

using modem equipment, 45.34

and he claims Pakistan's 18,000 179.98 will match 50,000 in Calcutta, -United Press.

At present Calculta capacity is 70,000.

Callows:

30 industrials

20 rails

15 utilities

40 bonds

Dispute Over Oil Concession

1750 3.85

69 100 ஏர்

200 # 5

1000 m 2.30

1000 1.40

1145

The wool goods market was

*I dull. There were reports that more, military arders may shap? up spen.

Rayon goods were easy and 17002 quiet.-Associated Press,

143% 11

2426

11 100

.. 6.30

Provident S'hes Dock AWheelock...

SIK Bolet

HK Land

Shai Land Humphreys.. UTILITIES

Tram

油

1:10

14.70

Peak Trum Star Ferry

1000 & ABD 1000 5.40 1000 3,30 1000 8.60

1000 3.43

493.

14.10

24.00

C. Light (0) 740 1.00 500 7.40

Grain Prices

Firmer

In Chicago

Chicago, Aug. 9. Chiengo grain futures finished 7.50 stendy

to firm for the day.

037 Ge 7.40

000

C. Light (N) 415 4.70 C. Light (3) 7.15

Electile

"VAN OSUTAZ" "TJIBADARE"

TITTJALENGKA "FARMAN" "TJIBKAAR" "NOISSEVÄING "TJIWANGI"

"VAN HELTSZ"

“EJISADANE” "TASMAN"

Expan

LINES

From

8. America, f. Átries, Singapore

والمودة

རྟ་

Mlacatur, Java, Porta-& `Bingapore. JADAD

H. Atria, Miauritius Ringspore intub

Machatay, Jaya Ports & Bingaporn

SAILINGS

"TJTJALENGKA“.

"BOISSKVAIN”

**TJIÐRBAR”.

HTJWANGI

To

Balgon,'' Hingapore, Delawar

4. Penang

Yokohama, 2 Japan Porta

singapore,

Sematang. Tiirebon,z

Djakurtà" ♣ - Belawan Deli -

Singapore, SAYA Ports ·

Maeanair

Sennila,, Bingaporn, B.:ATries', an

Amaries

Yokohama & Japan" Porin BİREKDOTE, Java Parts & Maernar

Agents: HOLLAND EAST ASIA LINK.

Ship

"AAGTEKERK? "ALMKERK" "ALMKERK" "HOOOKERK” "HOOGKERA”

*MAAGTERIER”

"ALMKERK" WALDIKERK5 ** ABOOGRES”

"HOOGKERK”.

ARRIVALS

Гарал ∙Karape

Харат

Fram

Europe & Alagapore

Japan

SAILINGS

To

Maniis, Singapora ̋á· Europe Japan vis Mania Manila, Singapors de Escape Japan via Manila

Manila, Bjugapore. de Europe

KINGS BUHDING TEIPHONE SE 2005 10 PROTE

TAINUS2

ARENANDROLONNAL GHZ - KOTA, K

Heated Argument

Over Ruhr Coal

Bonn, Aug. 9.

The Acting West German, Chancellor, Dr Franz Bluecher, told the three Allied High Com missioners today that his threat to resign from the International Ruhr Authority applied to himself personally but did not mean that the German delegation as a whole might walk out.

Dr Bluecher made his threat} leday after a heated meeting of). the Ruhr Authority in Dues- seldorf last night, at which the turned Allied members FIX

G000 0 Wheat closed 13% higher to down a German request to 13007.10 lower. Soybeans were 2 to

500 1.04% kigher."

500 g 7.25

241 or 7,20

lower, the compulsory German export quotes of coal for the fol.third quarter of 1951, by one

million tons..

Grain futures closed as

3300 @ 1.20, laws;

2016 1000 e 2934

Wheat-price per bushel.

Spot

2.37

1000 20

13

September

2014

December .......

March 11992)

May

Com

11148pot

2.5214-12

1.05

Beptember

December

March (1982)

3,60

May

-1.0714

Пув

July

Telephone 12 121 2100 INDUSTRIALS Mr Ispahant declared that

Cement..... 11,00 125.00 500 India had been trying by every means to undermine. Paklatan: STORES, ETC.

Nope

2000. 6. 16 16% first attempting unsuccessfully Dairy

1514 to-block-Pakistan. purchasca of Watson

10.50 Jute processing machinery

Crowford 2415 COTTONS overseas, second, Jockeying to

Ewo XD 2.30 bring prices down,

A spokesman of the Indian High

Commission Dacca alleged, on the other hand, that the East Pakistan Government WDS London, Aug. 0..

using wor preparedness The Iraq Petroleum Company propaganda to divert public

attention toun will challenge the right of economic situation.

the deteriorating a Mid-Enstern: Sholkh to give cea bed oil exploitation rights to an American firm

from

prices, which soared as

The Rubber

Markets

as 70 Pakistan rupees per

London, Aug. 9."- nt the halght of the Pricos of rubber futures

nghting haya now closed today as follows:~ Hearings begin in Paris on Korcan "Is it un, then, that

as 37 Pakistan Number 1 rubber. in cents.. August 20 between the Sheikh dipped as low

4513-12 per lb. this should be thrown

September

45-4514 into Shakbut, ruler of Abu Dhabi at rupees per mound, complete disorder by a scheme the Southern end of the Persian Government action in the shape ope

422-4312 There has been agitation for October for the limitation and reduc- Gulf, and a subsidiary of the tion of dividends, which by the Iraq Petroleum Company: of nationalisation and a co-ber/December

January/March (109) 34

35. nominal manner and timing of Its an-

operative purchasing plan for Apellung

ifalted Press. nouncement and the anomalies

The Company holds a pre-jute industry, eliminating

SINGAPORE MARKET speech at Newton and obscurities that cannot at

war concession to prospect and the middleman and giving the

«Bingapore. - Aug. 0. must keep extract once be resolved, on Saturday, July 28:

oll in Shakbut's peasant, a better price for his

Prices of rubber futures closed 'My friend

Gaitskell's this great market in a state of

Sheikhdom.

jutė crop.-Associated Press.

today as follows:- (- for uncertainty and suspense has It speech whatever else

Number 1, rubber, per ib. several and perhaps for many Stock done, has thrown the Exchange into complete disor- months? der, and that is good fun, any- ∙how!'

MILLIONS LOST

But two years ago the Sheikh, and other rulers of oil-rich Arab stales along the Persian Gulf, claimed jurisdiction over the sea bed and its mineral deposits "Is it Indeed 'fun' that scores

He of millions of pounds should be adjoining their territories. "A remark of such irrespon- struck off the value of the no- later moved to give an American siblo and ignorant levity Honal ussels,

firm, the Superior Oll Company, rights to prospect for all along his coastline-Associated Press.

INDISPENSABLE

10 the great night not call for an answer detelment of the collection

in an, ordinary case, but com- estate duty?

of

ing na it does from a former "Or that the slender incomes Chancellor of the Exchequer it end capital of countless mall cannot be allowed to pass.

families and persons should be "The Stock Exchange is the reduced pensioners and inarket place of the nation for widows and retired folk, driven the exchange and valuing of almost to desperation by

the nearly £30,000,000,000 worth remorseless rise in the cost of of stocks and shares, approxi- Ilving, but for whom there mately half of which are Br-seems to be no thought of tish Government securlies the understanding Gr compassion?

"O excellent good 'fun't "And Is it 'fun' or sense of anything else. that the, por-

"It is indispensable to Anancial

operations Government; to

the

the nnancing

IMPORTS BAN

Anglo - Cuban

Trade Talks

Havana, Aug. 9.

Britain Negotiations between and Cuba on a buy and sell trade agreement are reported to be in the final phase. An in- formied Rource said signature of

:

a pact in London may be ex- pected at any moment. Wachington, Aug. 9. The agreement envisages Bri- The United States Agriculture tish purchase of 1,000,000 tons. in the next Department today botined all of Cuban, sugar imports of butter oil, butter thưve years, ne well as "token": peanuts, peanut oil and non-fat purchases of Cuban tobacco and dried milk-outer,

Loan Paid Back

Augus

September

October

Number 2. rubber.

August

| Number 5 rubber,

August

Number 4.

August Spot rubber.

unbaled Black crepe No 1. pale crepe

September

July

September

1.73-1.7311 1,035-95

A

Dr Bluechier is the leader of the German deletion.

At the regular meeting of the High Commission today, the Alles naked Dr Bluecher what he meant by his,

Economie Commission Opposed

Geneve, Aug 9.

tha Bir. Gerard, Clausoji, at the

British Colonint Office, told the United Nations Economie and Social Counell here today that He said that he would not Britain was opposed to setting resign:In any case unless he and up-ar-economie-commission-for- first consulted the bk

844-1% New York four-per 200 1b. sack, 812.00-United Press.

New York Sugar

Futures:

New York, Augio, World sugar

futures closed today 2 to 22 points lower, with sales totalling 105 contracts,

Germanlan

Chancellor, Dr Konrad Adenauer, Africa because "not one single nt present on holiday in Swite government in Africa has ever zerland

said it.

Some such a

economic

Sir Gerard said in the Coun-

The Allied pource said that, in view of this: explanation, the cll's debate on Africa and the Allles did not consider Dr Middle East that the African Bluccher's throat on perious

originally thought

"AN ANACHRONISM”

I had stated, that

being

that

by

economic could do was airendy done other mean A

thing useful to the existing

Allied femfeléle at dra feared mision, would not, add any that De Bluecher mean that machineryAfreins wanted. West Germany would leave the Ruhr Authority as a nation.

What

Sir Gerard declared, was that

This would have had incalcut- kind of International co-operar. Contract No. 6 closed 2 lowerable effects on Allied West Ger- tion which they had received in to 3 higher, with sales totalling man relations and on the Schuhe past Lubin," the United

45 contracts.

5,0 traded

29 nominal

6.00

¿Prices "closed"as follows:-

Contract No. 4 (world) September | January (1952)

March May July September

Bpo! .....

September

14534×145 – 141-1413

13015-1311

130-140

13114-19

May

1254-28

-

United Press.

LONDON TIN MARKET

Contract No.

January (3002) March

July

September Bpot

Pepper

$1.08

55.08

以

5.69

460 freded

8,40

United Press.

Market

New York, Aug. 0... black pepper market. developed a little more activity

The

and a distinctly armor under * London, Aug. 92 The tin market was quiet, schedules 2.10.

Pandor

States economist,

speaking" of

man plant's coming into force...

Dr. Bluccher at a Presa con the Middle East, said that the

year ference here: today attacked the past, ve post that part

the world was to

Communist

Ruhr Authority, which consists directly.

of the United States,, .. Britain, the

hot shown how

France, the Benelux, and West premture. He said that the Germany,

complete United States would continue to མ་ན Enachroniim."--

assist Middle Eastern countries

All the other nations voted towards acoolerated. social and against West Germany's reques: economie 'progress-Reuter.. for a reduction in the export' qucia' from 0,200,000 tons to 5,- 200,000-Reuter.

Liner's Radar

Timed' Storm

* London, Aug. 0.

JAPAN'S OUTPUT

OF GLASS

Tokyo, Aug. 9. The output ur sheet glass i July totalled 403,171 cams for: a post-war record, according to The Japan

Glass Manu

facturers to:

Output The chief radio operator of was 8,711; cases more than the

fruits, in exchange for relaxa" | Turnover won 36 tons,:: (011) gvernight, M¡quoting Spoty and / passengers between Britain', 'anti į carne short of tho month's godlines

a

雄

pound,

The

previous rocord in March of tone today. Ballers boosted the 14.101-ton Show Savili prev

liner Arawa, which carries 275 this year, although it was 2,500 cents.a

Pound

New Zealand, --has reported a United Press, tion of Cuban dulles on several forward, n score of British products.

now use of the ship's radar Prisca closed at the end of the nearby deliveries up to $1.73 a of the nationalized Industries; sibility of raising now equity

Firmness at Singaport equipe raditional Negotiations on Government

official morning adssion i na pr to the whole fabric

a bigher,replace=" | along, svith...; of the capital for new industry, or of

level; in progress for nearly joint steck

that turning private businesses into enterprise

year were suspended temporart follows:

ment boris in Indis. and the apok tin, huyện Damascus. Aug, 0. ly during the recently conclud-spot in, sellers represents 75 per cent of our in-

realisation int August arrivals public companies under the.

· hearings | puriness" dong, st dustry and commerce.

SUKET Saudi

Hero, will be limited, all com Arabla has paid the ed Washington death compelling pressure of

titt buyers 800 to the duties should be killed "It is Indispensable:

alono remaining $4 – million ola in order not to prejudics the Tee-months

107 Three month; in, maffers

hined to encourage covering of fnsurance companies, the build-

07-908 movement.: "omonui, sipaiars million loan made to her by Cuban position thars. The end o dead?

Syrla

Bettlement ing societies, to pension funds,

Unlied Fress,PERATING early in 1950, Colonel the hearing gava impetus to the Business done s "There are many who do not Abib, Shishadi, Syrian Army negotiations, which are bellevied

-United: Press. charities, and trusts of all de-

Now York; Aug: 9.3. scriptions, in which the thrift know there, things. of the nation is

But an ex-Chancellor of the Chief of Staff. nnnounced here at present to be in the it agrees deeply engaged

with the closed today int The Exchequer cannot fail to know today on his return from Jedda ment-drafting alone, - United Prices in the molat market nad upon which depond

following excep it is And

wholly outer re

Land, Commper, por 1b,11,73-29 Press

security of so many persons them

and so many small incomes.

It is used by the Coppera

all

lamentable that a remarie, so

cynical, so Irresponsible, so de-

Live societies, the trade unions, vold of any sense of the gravi

and the churches.

ty of the timos, and of the

$0

ZALAETH Pross

Loan To

The International

Grady-and

The Forslar

that ¦ sönd aunchinery.

"It is not the Stock Ex issues that confront usall, Industry. M change alone that fa concerned, could possibly come from ons Japan's oxi The Interests that ard affected,

his

"Majesty's :: principal, during thos

we will reachi

though, illey bre focused in the Ministers."

national market of the stock My Dalton saw a copy ut Mr 100,000,000, more than the tar from Exchange. are nation-wide}} Bralihiwaljo's Jester.

Ad

United

Chrysler · Dividend,

1 York, Aug 9.

Cor

New Diracters et Chrysler dday jadepları

"dollars" com ayable on Beptem

theldera

wit-bring the

#alviaends:

crossraditional ceremony of Exchange Rates

Business was done la chip went over the equator was

uppcmcial exchanKO about to take place when

cloud which morning at the followin rolled a big

Sterling nats (për 2A) threatened a tropical storm.. "U.S. Dollars (per 11)

was feared that the cores Indonesia guilders, per mopy would have to boj aban Alam. Lead (period)

Singapore Airatid}); THERMATIC, plasten (por) 100). Instructed

sto switch on sèthe marine radiolector and

Seedi

sure the cloud. It was found to stretch for 144 miles, and if the captain onlinated that the ship is would pass through the aqual

The Zerremony was postponed

"By that time!

-Tanddo

esplated the elbustingd

Oils