1951-09-20 — Page 9

THE CHÍNA MAIL, THURSDAY, SEPTEMBER 20, 1951.

MESSAGERIES MARITIMES ||Rumours Persist

M

Arriving Leaving

*"LA MARSEILLAISE” .Oct.

"LES GLIERES"

*"MEINAM"

*"OYONNAX"

**LA MARSEILLAISE”

M

Outward Por

Nov. 1

Oct. 21 Nov. 17

Yokohama & Robe

•¥rik, 22 let. 23

Nov. 2

passengers & freight

Homeward For

Sept. 24. Africa & Europe Ort 245

*

Nov. 3 Manila, Saiton &

Marielles

† freight for Saigon, Port Said, Tunis, Algiers, Oran, Tangier, Casablanen, Havre, Dunkirk, Antwerp &

Rotterdam,

Subject To Change Withont Natier

CIE DES MESSAGERIES MARITIMES P.O. Box 53, Hongkong

Queen's Building (gr. floor) Tel. 28651 13 lines)..

MAERSK LINE

FAST FORTNIGHTLY SERVICE TO:

NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, via

SAN FRANCISCO, LOS ANGELES AND PANAMA.

NEXT SAILINGS

M.S. "TREIN MAERSK"

Sept. 30

M.S. "PETER MAERSK"

Oct, 16

M:S.

"NICOLINE MAERSK"

Oct. 31

ARRIVALS FROM U.S.A.

M.S. "NICOLINE MAERSK”

Sept. 26

M.S. "SALLY MAERSK”

M.S. "LEXA MAERSK”

Oct. 20 Nov. 7

New York, Bøpt. 10.. With persistent rumðurs of another British devalua- tion shadowing the Ster- ling futures market, the usual banking sources-to- day refused to give quota- tlona for thisrty and, nloety- Cay Sterling deliveries. United Press.

MIXED DAY ON WALL STREET

New York, Sept. 10. Late profit-taking cut back a slock market ndvance Wednesday, Aud left the list Highly mixed but with an Alle edge.

up-

The early forward movement had snapped a two-day drop and took prices at one time to

around the 1851 peak.

Gains extended up into the $1-$2 level and In some cases! individual Issues were sharply ahead of that. Losses generally were low. The volume of busi- 11CX5 was about the same ar Tuesday's 2,030,000 shares.

The main divisions standing

front out in

were aircrafts, ralls, non-ferrous metals, gold ord ulics,

In

the steady classification were steels, motors, rubbers radio-television, at lines motion pictures.

Doth Freeport Sulphur and Texas Gulf Sulphur were harply higher, The National Production Authority forecast : shortage of 100,000 tons in the fourth quarter because heavy domestic and foreign

demam.

Empire Supply Talks Aimed At Expanding Primary Production

FOUR MAIN PROBLEMS

(FROM OUR OWN CORRESPONDENT)

London, Sept. 19.

Officials met in London today to draw up the agenda for the Commonwealth Supply Conference which opens here on Monday,

The agenda is expected to include four main topics for discussion. These will cover, besides the all-important question of raw material sup plies, the problem of British exports of capital development goods with. out which there can be little hope of achieving rapid expansion of primary production.

Four of the topics expected to be discussed by the Commonwealth Ministers and Colonial repre- sentatives can be summarised as follows:-

Welsh Coal Owners Plan

Share-Out

1. A review of row 10~ terial production and consump- tion prospects with special re- ference to the effects of materials shortages on manu→ facturing production:

raw

2. Discussion of the means by which the Commonwealth primary producing countries tan co-operate more effectively

Conference

in

HONGKONG SHARE MARKET

(Our Own Correspondent)

Bubing33

done on the Slock

was

In the work of the International Exchange this morning Materials Washington;

valued nt $501,459.00. Noon delalled discussion prices and the morning's trans-

3.

After five years of haggling the former cont owners down in South Wates hope to reach of certain raw materials which

arc in short supply

and the voluntary agreement shortly on how to share out the district's means by which production of

could be £14.231,000 coal compensation these materials Di

panded;

4, A survey of British The United Kingdom dele-

Stocks gaining included Sante Fe, Kennecott Copper, Revern Copper,

Melutyre Porcupine, Dougla Alteraft, Boeing and

For Freight and Further Particulars please apply to:- Montgomery Word.

AGENTS:

JEBSEN & CO.

Pedder Building

Tel. Nos. 86066-9,

U.S. Consumption

Of Cotton Shows Decrease

Washington, Sept. 19.

The Census Bureau reported on Wednesday that cotton consumption for the period of August 5

to September 1 averaged 37,706 bales for each

working day.

This compared with an average 39,924 bales for the corresponding period a year ago, and with 31,970 for the July period this year.

The daily average consump- tion of linters was 3,504 bales compared with 5,328 a year ago the July period

October December March (1953)

33.76 Nominat 33.70

NEW ORLEANS MARKET

Ad 3.290 for.

this year.

Consumption

in

Sput

of cotton

October December

August totalled 754,110 bales compared with. 780.474 Ja August last year and 767,282 in 1r 1932) the July period this year. Con- July

May

sumption of lint for the 12-October

33.00 United Press.

Closing rate Sept. 10,

31.60

*34.92

34.94-34.95

35.IT 34.20

34.12

23.73 bld

33,63 blú 33.30 bld United Press. TEXTILE MARKET

period ending August 4 December totalled 10,051,000 bales and of March 1959) linters 1,304,270 bales. Tils compared with 8,850.888 and 1,016,390 respectively, in the corresponding period a year ago, Cotton on hand on September 1 included:

quiet

A

Curl stocks eiged higher including Cersna Aircraft, Duval Sulphur. Electric Bonds and Solar Share, Molydenum and Aircraft.

Dow Jonce Averages:~~~ Industrials Falls Utilities

274.27

84.37

45.50

-Associated Press.

London, Sept. 20, Reports that Prime Minister Clement Atee would call gocrat election in Britain on Ctober 25 spurred buying in the Stock Market on Wednes day.

That is the South Wales cut

of the 104 million at which port prospects. the State priced the cool mines

ex-

aclions:-...

SHARES BUYERS HELLERS SALES

BANKS

IIK Banks.. INSURANCES

IIK FIM

DOCKS, ETC.

1010

100 100

K. Whart N. PL. Wharf 0.75 Dack20.00 Provident.. 13.76

in 1946, since when the moneygation will probably try to im has been awaiting collection. press upon the Commonwealth primary producers the long- term ill-effects of shortages and temporary high prices. It will be pointed out that these not LAND, ETC. only harm the economy of pro- during countries but also linin per the production of capital equipment they need from this country.

Already 80 per cent, of the South Wales owners, by lan nage, have almost agreed to settlement. They held a near three-hour meeting in Cardiff Another meeting is to be held, when agreement among the 80 per cent, is expected.

i

Some 150 owners, ranging

ONLY SOLUTION Powell from the giants like Duffryn and Amalgamated An-

Solution to certain raw mate- thracite down to liny 20-men

rial

only supply problems can pits, will share the millions.be sought in a sharp expansion

The giants are backing the of production. The United "let's share it out now plan, Kingdom for its part is expect but some of the midgets are ed to offer long-term contracts holding out for the long-winded and other guarantees valuation method of splitting courage the introduction of ex- the money,

pansion schemes.

AGREE OR WAIT

Most sections of the domestic

Unicɛs a voluntary share ca list rallied strongly. Hope was be fixed the coal owners may strong that the Governinent's not see the colour of their Leeze of dividends would not money for another four or fivel become law-Associated Press. years.

Short Interest On

NY Stock Exchange

D

phuch us

en-

03

51

50 @ 01

D6314.70 2500 131

P.J. L. R.I

ROYAL

Date

20th Rapi. 27 Bent. Tith Rept. 29th Sept.

INTEROCEAN

ARRIVALS

Ship

"TUSÅDANE” **TABMAN" -TJITJALENGKA" “STRAAT ·

MAKAIBAR" **EJIRAMPEKT "YAN URUTER TEGELBERG

lat Gel 3rd Ort.

*THIWANGI"

ith Or 22nd Nov,

**ESIDESAR***

VSTRAAT

Zikt Reht.

lat Oct..

Ith Net.

5th Del.

12th Oct,

14th Oct.

10th Oct.

17th Oct.

Date

8th Oct, 11th Oct. 11th Nov.

Japan

LINES

From

·Jelawan Bell, Penang & Aingapare Qarasar, Java Ports & Singapore Holland (Malden Vayages

* Africa & Singapore,

Jabin

H. Ameiten, 8. Afrien, Rinkspate &

MARTIA

Meegstar, Jaya Parts & Singapote Jajah

“MAKAARAR" Jahau

SAILINGS

*TJIHADANE" *THITJALENGKA"

**ЯTRAAT

MAKABĦAR"

"VAN HIKUTEZ"

-TJIKAMPEK“

*TARMAN"

TEGELBERO"

→TJIBEBAR"

"TJIWANOT?

To

Singapore, 8. Atelen & 6, America singapore, Java Poria & Mar

Jahan Port

Bingapore, Penang & Belawan, Bell Japan Ports

singapore, Pavana & Betawan neli Japan Ports

Manita, Singapore, E. &B. After

4 N. Amatics

Ungapore, Java Ports & Alseange

·Agents: HOLLAND EAST ASIA LINE

ARRIVALS

Bhips

"ПООПКЕК" “ARENDSKERK" MARENDERERK"

and week No9. “KIELORÈCUT"

7th Oct. 15th Och 17ili Nov.

Froth

Europe & Blagapore Jaban

Japan

Europe Alagaporn

· BAILINGS

"ROOGKEÜK” WARENDAKENE”. "ABENDSKERE"

20

Manila, Singaporo' & Europa' Japon via Mantia

Manila, Bizgapore,; & Furopa.

ČT ELPHONESA/28015 10. CANTH

Feed Grains EXCHANGES

Continue

To Slide

IN NY

New York, Sept. 19.

US$0.94

Canada (dollar) Englandoflein!

unofficial

+

נו

Chicago, Sept. 19. Feed grains continued to slide Australia (pound) downward while wheat found at New Zealand (pound) least a temporary resting spa: Bouth Africa (pound).

the Board

Belgium (trand) on

of Trade on Wednesday. It was the third Denmark (krone) straight session in which most of the market has shown a weaker

JK Hotel.. 04

250 @ 0.15 2000 * 6.30 HK Land XD 50

200501 Humphreys 10 11 1400 on 103% 500 G 10.03

13.30 16:30, $500 @ 15.2% | trond,

300

UTILITIES

Tram Star Ferry..

C. Light (0) 8.30.

101

2.79-10/10

2.41 bid/-

30-day futuren 90-day futures

2.46 asked unquated Unquoted

2.3131

2791

2001

0109

3433

..00254

4.04

2630 .110

Fratice (franc.... West German

Deutchemark

Wolland guildor} Itaty-official Norway (krone)

-Favourablo weather for Portugal teredo) 500 820 maturing the corn crop was the Spain (pela) C. Light (N) 6.20 530 500

main reason for the castiness in Sweden (krone) 2500 G 6.0 C. Light (B) 6.10- 1200 8.15 the yellow grain, brokers sald, Switzerland-free Electric AD 21 DAY, 100 6 5933 September, soybeans tumbled MIDDLE EAST

300 @ 3 several cent. In early dealings rayot (pound) Tolephone..

14.30

on selling by those who do not Iran (ral) wish to accept delivery of cashing (dinat)

Cement... 13.50 hope... 171

STORES, ETC.

Dair 1014

Watson

L

Crawford

28

Commonwealth producers will INDUSTRIALS also be urged to adopt a more co- operative attitude towards the International

*** Materials Con- ference. It is felt that tho Americans have already done as much as could be expected of them to regulate supplies and So shareholders

raw materials they will hope prices of that the odd 20 per cent will produce. No further concessions COTTONS joln-the-voluntary-plan-so-that can be expected until the Com- the money

Imonwealth countries match the can be freed.

with similar agreement Ly reached South American efforts Wales will be the first area to schemes. for the main Storling

products. get its money.

The question of British ex- As Britain's

former largest ports of capital. goods is coal group, Powell Duffryn particularly thorny subject.

should get the largest share of Commonwealth producers, who the pay-out. It can use the depend upon adequate supplies money for P.D. is building up of British equipment,

big world-wide Interests,

naturally

perturbed about tho

Ewo

The

14 2200 @ 13,75 beans.

17 2600 a JT.

200 10

200 16.03

3800 a 17. 3000 16.90 May 1300,4 ZATIA

Rubber Markets

London, Sept. 19. effects of rearmament on British Prlees of rubber futures elesed has already exporis, particularly in the en-today as follows:

in gineering industries.

New York, Sept. 2. The

short interest on the Powell Duffryn New York

ndons Stock Exchange collected several Increase! 2,038,106 shares | Coat Stock-for assets outside on September 14, its highest the mines, such as an engineer level since 2,731,311 on May 6, ing works and a power station. 1932, the Exchange reported on

Wisely, P.D. sold the stock as it-for it This was a guin of 119,482 soon as collected

Wednesday.

in the month from 2,518,704 on had better use for the money. August

st 15.

The

Bgures exclude short New York, Sept. 19. positions in odd lots and ac The cotton textile market was

counts of old lot dealers which with prices displaying declined in the month from 07,742 heavy tone under the in-

to 50,001 shares. fluence of re-sale offerings.

Principal increases reported A Quartermaster Corps Invi- include: talien to bld on 5,000,000 yards was heavily reflecting

of culion drills

In-

In consuming establishments, 1,053,401 bales of lint compared with 1,147,880 a year ago,

In public storage and com-over-subscribed, presses, 1,492,238 bales of lint terest of mills in booking .. compared with 4,678,201 a year ditional business at a time when

civilian buying

Is at a low ebb. Colion

spindles active

The wool goods market was September 1 totalled 20,768,000 dull, Competition was keen on

with 20,871,000 compaired

on the Army inquiry for 2,400,000 August 4 this year and 20,552,- | yards of worsted-nylon serge 000 on August 26 a year ago—The lowest bid was $3.82 a yard Associated Press.

ago.

on

| which about equalled pre-Korea Hlevels.

Rayon goods were quiet, with buyer interest again dwindling.!

Arscciated Press.

Short New York · Sugar

NEW YORK MARKET

New York, Sept. 10. Cotton pricq regained their equilibriurn after a shaky start had shoved the market down as much un $1 a bale, covering by day traders and New Orleans speculators cut the losses in half at the close, Traders found little in the news to account for the irregular action. Most of them outlined the ups and downs lo national technical readjustments following the recent, rise of $8 to $0 bale from the Sep- tember lows.

ă

Early selling was prompted by the idea that the effect of the stockpiling proposals and the plans to extend short-term credits to foreign raw cotton consumers may have been dis- counted for the time being.

Pripes closed as follows: Soot

October

Necernber

March (1632).

May

Futures

New York, Sept. 10. World sugor futures, close today 2 higher to 1 lower, with soles totalling 540 contracts.

Contract No. 0 closed un- changed to 2 higher with sales totalling 68 contracts.

MAY

The United Kingdom will try Number 1 rubber. in cents

par ib. to reassure them on this score. October But if, despite every effort to November of capital December maintain exports equipment, primary production October/December is found to be impaired by January/March (1952)

Apml/fune British failure to deliver the goods, the United Kingdom Government will probably rulse no objection to the purchase of

Indonesia Trade these goods in the dollar area.

With Japan

Sydney, Sept. 10. Benguet Consolidatet Mining : from 3,100; · Company, 0,300

Achmed Socbardjo, Foreign Canadian Pacific Railway, 10.- Minister of Indonesia, said here 010 from 8,025: General Motors ar night that his country ex- 82,701 from 75,994; Scars Roe- pbets buck & Company, 13,045 from trade and diplomatic relations 10,830; U.S. Steel 01,344 from with Japan.

54.207.

1000 to

open

normal

parations for losses suffered, nt

ONLY TEMEORARY Despite the recent easing in the supply situation for certain raw materials it is generally considered that this is no more temporary lull and that shortages will develop again when the world rearmament programmes got into their stride next year.

Common-

than a

the Meanwhile,

4611-40

4712-15

4714-92

4212-$

-United Press.

SINGAPORE MARKET

Singapore, Sept. 10. Prices of rubber faturés clored cday as follows- Number 1 rubber.

per lb. September October November

September

Number 3 rubber. Number 3 rubbe Number rubber.

September

September Root rubber, unbaled Tack crepe No. 1 pale crepe

1531150 167-15734

153-154

The Irado heard that

Turkey (ra)

LATIN AMERICA pro-Argenttro-octa!

cestora bids for being were less Brazil (cruzeiro),

than the going price September contract,

Whent futures closed

of the Chile-free

Columbia (DasO) Cuba (pepo) Mexico (vero)

to Per-free

1% higher and soybeans were Uruguay (peso)

to 5 lower,

Prices closed as follows:-

Venezuein bolivar)

|FAR-EAST.

Pakistan (rufee) *** Hongkong

India (rupoo)

2.40

1.771

| Singapore

Japan

1.783443/

Wheat-pries per bushel

Spot

Spot

September

December

March (1934)

May

1.9836-14

Kya

September

Data

July

September

July

8116 841

New York flour-per 200 lb. Sack. $12.35.-Associated Presn.,

New Airstrip For Cocos

Island

Netherland East Indies

2.08

03124

181

104

300 yen to US$1 -United "Press.

U.S. Steel

Target Will Be Reached

New York, Sept. 20. Barring unfavourable outside) influences such as shortages and strikes, the steel industry will produce the extra million tons required by Defence Mobiliser In the first Charles E. Wilson quarter of next year, the Iron

trade working colourful Age, metal Wednesday.

by raid on

Sydney, Sept. 19. On remote and Cocos Island in this Indian Ocean, Australia is today re- bulking an airstrip of strategic 1476-148 importance to the Denemeles, sumption:

Kaking Autralia with Africa and Britain.

*7-143

15715-18041

119-102 170-175

United PreR.

LONDON TIN MARKET

Stopping here on his trip Principal declines included: { Union Carbide and Carbon, 10,- homeward after the Japanese wealth conference can do illie 800 .from 13,373,---Associated Peac: Treaty in San Francisco, more than scratch the surface Press,

he said the Japanese delegates of the major problems which the Conference had have emerged since the out- recognised Indonesia's claim to break of the war in Korea. $7.000,000,000 worth

On the subject of price stabl of

on the Daily Telegraph this perliuen: the Bank of the Japanese morning pests two

ឆ asks, "In an questions: "How," during World War 11--A-- abnormal period can be deter

London, Sept. 19. mined what would be a sinble The in market was steady, price level? If it were diter- Turnover was 30 ions, nono for mined, how is it to be ensured?" cash,

The newspaper also implies claim of the Governmen' the cincial morning pessima as Prices closed at the end of resent proposal to control divi follows Idends during the rearmament

Search For Scrap

Washington, Sept. 20,

ciated Press,

Freight Charges

"

זי

The

clared

Souili

This installation, breaking the

week

prediction, Iron Age de- is based on three am

not cause That srikes will large production losses;

That she industry will be

unique isolation of the British permitted to expand; and possession for, the second time, will provide the key facility for

southerly airline

11

London and Australia.

rial

That shortages of raw mate- such as scrap do not forec production curtallment. Hnking

The weekly: eald that a care

mill of

superinten The Airfield could also be ful check

shown that cel quickly converted as a military enla Birbore within striking distance making is not suffering unduly from breakdowns or lack of of most of South and Southeast materials for repairs. --- Asso-

has

Asia.

Before March 1052,1 m elated Press. for the first time wibbio establishment of an air service

Making Australia and South NEW YORK BANK Africa.

QUOTATIONS

The projected attling wil tud entirely south of the Equator, between Perth, Western Austro-

New York, Scpf, 20. Closing bank quotations on

Island and thence to Johannes the New York Exchange yester

.915

11a to Cosos, to Mauritius

พ

bting,

7-075

Untled Prez.

A countrywide search by farmers and ranebers to bring

Increased scrap iron and steel out of

(period, 1 anys, "One contribuct tin, buyers borne and elds was launched

tion which the United Kingdom Beat tin, sellers today by the National Produc

London, Sept. 20.

Government could make is to Business done at

Three-months tin, buyers Twenty British shipping lines ep petrecuting tion Authority,

producers in Three-menthe tin. eller Increased the Colonies who have found Brindes done at N.P.A proclaimed a "crap | Izdny announced (harvest" with

for the co-operation freight charges cargos convenjen; and adybrisgeous In Battement;

committees fhound fo: Aden from the Ualled the past to control their opera

Kingdom,

tions from London," a Department of Agriculture. 6,30 mominal

worn-aus The chatges will be roughly machinery. 15 per cent higher but will very 8.10 nomina ploughs, cultivators, haying and from che

of cargo to an sment will start other than a MAGN Thrombing

rutes, dub to cons

of tha

.000

Prices closed as follows!-- CONTRACT NO. 4 (world) January (1952) March

0.10 bid 0.17 NODINA noors, July

B.17 bid Reptembar Bpot

BAB CONTRACT NO. 6 January (1032): 1240, 541 March May July

20.00

$0.02-25.03

· 35.10 -30,30 · ·| September

Spot

of

crop Tiq

on October 16, after the unding heavy is increases

harvest is in of the

Copra Quotation

ork. Bent. 19, ** Mehliliation.

cook, operating Costs," will apply to all : Copra was quoted" today at ing: 30.000,000 tons of scrap to chipments by vessel carning $187,50 the short story anked 044 nomine

saminni keep the steel Indgany running to lend at each port individually Cepoëmat bil was quoted-tocky, 8 at capacity through the winter on and oftor November 1 at 11 centar a pounded

Associated Prose,

United Press.

Marvicka. A May, werɑbei d

τομία

From Cocor air connect with London via Cairo, Bank of America Al present, Australia-London Charo

services: opreate vike Darwin, National

Singapore,

Karachi and Calzo,

In the event of war, Australian authorities · recogning

3014-8014 40-48%

Associated Prost

Exchange Rates South and PEPPER MARKET

ARGİNCİRİ * oxationgo : maricet.. thats.

· Inoring at the following.

Southeast

more, the pre- might be "·lèɗ« Buthors was done in the lopal pardised. Furthe

New York, Sept. 18 -Dealers quoted "spol-black Bent route traverdes en area of Increasing stonklons," including popper it around #1778-1:30 Ba 6154 the Indo-Pakistan dilpar over-pound, Indian Hilpment Zoffory Kashmir and.. Communist iki). | Liga: for : September" woratze

portra ab around $173-1742

nigrüne tante (purs Out

tractariu üliders, bet

allows pera100)

| Fic plasira (2

355.20

J