MESSAGERIES
MARITIMES
MOM
"GRENOBLE”
"ARRIVALSTM
from Europe
"LA MARSEILLAISE" from Marseilles
SAILINGS
PASSENGER/FREIGHT SERVICE
to Japan
to Marseilles
"LA MARSEILLAISE"
"LA MARSEILLAISE"
FREIGHT SERVICE
"OUISTREHAM"
"MEKONG"
"MEINAM”
28th July
3 Aug.
9th Aug. 22nd ADX.
N. Africa & Europe 17th Aug. ‚N, Africa & Europe 30th Aug, ‚N. Africa & Europe 25th Sept. for
FORT SAID, TUNIS, MARSEILLES, Algiers, orAN, TANGIEB, CASABLANCA, HAVRE, DUNKIRK, ANTWERP & ROTTERDAM,
CIE DES MESSAGERIES MARITIMES A LIMITED COMPANY INCORPORATED IN FRANCE Queen's Building
Tel. 26051 (Three Lines)
PATTISON ORIENT LINE
LIMITED
S.S. “LAURE PATTISON”
DUE FROM:
LOADING:
SAILING FOR:
Kobe In Port
July 18th & 19th
Pusan & Japan
July 25th
12-14 Queen's Road C.
Tel: 25346,
Chinese Agents:
OVERSEA CHINESE STEAMSHIP CO., LTD. 48 Bonham Strand W. Tela: 25646, 26127 r 31119
Pricing Troubles Harrying The US Metals Industry
New York, July 24. Pricing troubles, strikes and allocation problems are harrying the non-ferrous metals industry.
THE CHINA MAIL, WEDNESDAY, JULY 25, 1951.
Newsprint Price Up Again
London, July 24, The prico of home. prodaord newsprint
Britada. is to rico again ón Monday for the third time this year.
EL will be
increased from C60 ton to £60. 18. Dd., duo mainly lo higher prices of imported wood pulp, the Ministry of Materials said,
The
pre-war prices newsprint was £10 a ton. This year aloŋn, the price will have risen by OVER, £27 with next week's fa- crease.
Also
arc
going up in price mechanical printing will be in- paper, which creased by between £11. 12. Gd, and £25, 10s. per ton, according to grade, and kraft liner board by
£20 a ton-Reuter,
Appeal
Japan Gets Increased RIL
Textile
Orders From ROYAL INTEROCEAN
The British Colonies
GROWING STERLING MARKETS
(FROM OUR OWN CORRESPONDENT)
London, July 24. Increasing orders from East and West Africa are expected to make it possible for Japan to export between 1,250 million, and 1,300 million square yards of cotton cloth this year.
T
This figure would be half as much again as the Lancashire exports for the whole of last year.
.....
The Financial Times' Tokyo correspondent quotes the Japanese Ministry of Trade and Indus- try as saying "It is held probable that East African dealers are ready to move their business in the direction of Japan with fresh import permits for
than had previously been planned.”
For Asia Japan's cotton goods to be established much earlier Aid Plan
Washington, July 24. Mr George McGhee, As- sistant Secretary of State
Eastern
for
Near
South
to
and
ap-
Asian affairs, pealed to Congress today $80,000,000 approve economic aid in the Near East and South Asia to prevent Communist en- croachment,
before Mr McGhee leslified the House Foreign Affairs Com- mittee in support of the mutual Security programme's provisions of economic aid to India, Pakis- tan, Ceylon, Nepal and Afghanis tan. Hie
said
five tries "form a bridge between the free countries of the Near East and Southeast Asia. Should this bridge collapse, the security of both the Near East and Southeast Asia would be jeopar- dised."
Mr McGhee
emphasised tho Important relationship between economic well-being, which the old programme would foster, and political stability.
land
He said: "South Asia is the only important area of the vast Aslan land mass which is no: under Communist control. or undler active threat of Coni- dominationtes aims in Imme
United South Asin arc to help and
encourage
dcal
HONGKONG
SHARE MARKET
This was attributed to the "cotton cloth export i restrictions set up by both
the Indian and UK Govern- | ments, plus the higher Indian export duties on cotton."
The correspondent says that growing. Sterling markets for Japanese textiles are Cyprus, Nothern Rhodeziu, Trinidad. To- (From Our Correspondent) | bago, the Windward Islands, Malta and the Barbados, besides Business done on the Stock the East and West African Exchange this morning was Colonies. valued $310,261:30. Noon
Discussing the effects of this and the morning's competition British cotton prices transactions:-
exports, tho. Financlat Times SHARES DUVERS BELLERS BALEA today sage it would be neither
economically nor DANKS
possible to stop Japan's
at
HKC Bank 1473 1500 East Asia ... 105
INSURANCES Union...
710 736
Underwriters 3.40 HK Fire ....
DOCKS. ETC. K. Wharf N. P. Wharf Provident Wheelock
LAND, ETC.
IK Hotel HK Land S'hal Land Humphreys
UTILITIES
Tran
བྷཱཝཀྐ
Sino-German
Trade
.
Berlin, July 24. Trade experts from Com- munist China today met East
German Cabinet Ministers hers, according to the East German new RECTICY, ADN,
The agency's message stated that the represent. atives discussed, the probe lem
of Едві German Chinese exchange of goods and other technical and Bolentilo questions-Reu ter.
OIL SHARES
IN DEMAND
politically N
pro-
If the West tried to exclude
301495 gress.
50
750
200 et 760
4.80 4.83 2500 € 4.33
38 39
1000 m 1.10
9
....... 13.10 1314 500
Star Ferry
C. Light (0)
LONDON
London, July 24.
Japanese goods she would have; Iran's move to reppen
no choice but to develop to the utinost her trade with China and other Communist countries.
SOME SAFEGUARDS What is the alternative? asks the Financial Times.
oil
talks with -- Britain stimulated buying in the Stock Exchange today.
Gains were well sprinkled through the oils list. British In
Date
In Port
July
3rd Aug.
sch · Ang,
th ACK.
34th Ang. 23rd Avi
2rd Apg.
A AUS.
7th
Aug.
IN ARE
11th Aug.
21:0. APE... 25th Av
Abip
"TIWANGI?
ARRIVALS
"VAN BRÜTEZ” "BOISSKVAING
*TJISADANE”
"TARMAN" #EJITJALENGKAN "NOISIEVAIN" A
"THWANGT "VAN HRUTIZ" "BOIRSEVAIN" JHAPANE"
"TASMAN"
LINES
From
BARABRAT & Java Porta
Japan
8. | America. ↑ 8.; Africa, Singapore,
Falkos Manita
8. America, A. Africa, Singapore &
Malls JADAD
Macssest, Java Patis & Singapors
JABRIE
SAILINGA
"TITJALENGKAT "HOISBEVAIN"
8. America
Ta
AID KADETT, Java Ports & Maratuar Sjøgapore, Penang & Belawan Delt Yokohama & Japan Ports Yokohama & Japan Tors
Hematope. Tr. Pelok & Belawan
Singapore, Java. Porta. & Maratsar. Alanila, Singapore, 8. Afties & 8,
America
·
Agents: HOLLAND EAST ASIA LINE
ARRIVALS
Date
Ship
From
In Port
ISEN AUTOS
2nd week AnE, "ALMEERK?
Europa & Singapore Барал Europe & Blogsąra Japan
MIJ. Supt.
26th July 17th. A
[ind werk Aug.")) Mid, Sept.
BAILINGS
Το
Japan via Manila Kinnita, Bingsporo & Europe Japan via Bianlia
Manila, Blogapore & Eutope
10-2017
KINGS BUAT DENG
FELEPHASEST2015
MAERSK LINE
FAST FORTNIGHT LY SERVICE · TO :-
dustrials were firm, particularly NEW YORK, BOSTON, BALTIMORE & PHILADELPHIA, via
SAN FRANCISCO, LOS ANGELES AND PANAMA,
textiles. Copper stocks wore In
What does the West really want?
good demond, British Govern- For what they are worth, it ment bonds were mixed, continues, Lancashire does have The Financial Times' dally some safeguards against the ex- | index was 132.7. tremes of Japanese competition. | Japanese bonda There is the preamble to the draft peace treaty by which she
200 0 13.30 – agrees to conform in publle
75
722 1000 1000
C. Light (N) 420 4.40
Electric... 20.30
1319
and
private
merce
and to Internationally cepted feir practices.
trade
Cam
"""
NEI
(15. of 1000) 54 (44. of 2010) ESI 15. of 1007) 7092 (38. of 10341 7425 15. of 2004) 100
NEXT SAILINGS
1
M.S. M.S. "OLGA MAERSK
"GRETE MAERSK”
July 81
Aug. 14
MS. "LAURA MAERSK”
Aug. 28
ARRIVALS FROM U.S.A.
In
the
MS. “LAURA MAERSK” M.S. "HULDA MAERSK” M.S. "TREIN MAERSK"
Aug. 8
Aug. 21
Sept. 4
Consols --Associated Press and United Prese these
countries to
NEW YORK MARKET C. Light (3) 00 00 programmes of econo-
remains to be seen, how»
New York, July 24. 1500 & 2015 ever," it mes
on, "how these Advances were posted Telephone 1132 12 200 practicds are to be defined and about every category on
what redress the other signa-stock market today with oil tories to the treaty will have it stocies leading the way upward. For Freight and Further Particulars please apply to:-
There is no let up in demand, and prices con-mie adjustment and develop- tinue strong and unchanged.
Rumours that custom smelters
of
foreign copper ore were
about to be allowed a boost in
their belling prices have been TIN PRICE
denled.
of
Sources close to the Office
Price
Stabilisation said
there was no indication
that
any such directive could be expected soon.
imports of ores and concen-
trates have dropped
ulso becouse of
tangle.
Threatening
sharply,
the pricing
melter of American Smelting and Refining Company.
since
AGREEMENT
REACHED
ment under conditions which will permit the survival and growth of democratic political institutions and promote, in co- operation with these countries,
strengthening of the free world.
A BULWARK
Communist pollent institutions
"The steady growth of non-
INDUSTRIES
11
Cement 10% 11.20 200 10.00
STORES, ETC.
Dairy
Walson
COTTONS
Ewo
་
142 141 1400 @ 1414 2000142 1560 14.35
1015
200-0.2
NY Cotton Advance
is an essential bulwark against expanding Asian Communism, Basically, these countries look to the free world for support in their struggle for politicni Interally, have
they Washington, July 24. * upset the Mr Stuart Symington, Chair-
monstrated theunism by awareness scheduling of copper deliveries
of United States Re- of the danger for August, meantime, was the man of the strike at the Garfield, Utah. Construction Finance Corpora- strong measures against Com-
on, snid today that agreement munist activity and by pubh had
been reached in principle denunciation of Communism."
New York, July 24. with Bolivian producers # Mr McGhee noted that these. Cotton futures closed 30 certs DEFENCE ORDERS
price of $1.32 a pound for tin. countries had been preoccupied a bale higher to 10 cents Jower. Kennecott Copper Corpora-
with Mr Symington toid the Senat
"tremendous Internal Lion's refinery
in Utah
was Armed Services
problems that might well October Preparedness shut down as a result,
more experienced December the Garfield smelter treats all Committee that the new price stagger
Middling Spot the output from Kennecott's as equivalent a price of governments."
They $1.08 at Singapore were
have sometimes.
March Cayon mine-producer, of nt cast one-fourth of this coun- had been set.
world price traditionally
garded
May the threat of Asian Communism as less immediate July try's domestic copper.
October Lead producera
He gave the Sub-Committee than we. This difference in are being
December deluged with defence priority report on the success of the emphasis need not obscure the orders for in excess of the re- United States Government's pro- fact that they orc determined quired set-asides for August gramme for reducing the price to remain free and they are by drastically reducing pledged to resist external at- floods in Missouri and purchases. Kansas are reported to have The price had soared from "A programme of economic caused no direct curtallment about 76.04 cents a pound before assistance to the countries of of lead and zinc mining opera- the outbreak of war in Korea to South Asin will serve tions, bui some shipping de- more than $2 1 pound In celerate internal economic Im- lays are considered inevitable. -Associated Press.
melal.
The
EGYPT'S
NEED
•
Cairo, July. 24.
about
the
of tin
10
February of this year.
The Reconstruction Finance Corporation is the sole U.S. Im- porier of tin-Reuter,
LONDON MARKET
London, July 24. Tho tin market was qulet this morning. Turnover
was
Dr Henry G. Bennett, United only 40 tons, including Avė tans States Point Four Administra- for cash,
tor, told a Press
Prices conference
CUS
closed at the end of that Egypt's greatest economic the official morning session need is to augment agricultural Spot Un, buyers
follows:- productivity in view of a yearly spot, tin, sellers population increase of almost Business done at
per cent.
ibid
wo
Three-months un, buyers Tiree-months tin, sellers
$13
414
213
Dr Bennett that during Business done at his two-day stas hero bo Settlement roviewed with the Egyption authorities possible fields of co- operation between the United States
and Egypt
along the
lines of the Point Four pro- gramme, but no specie pro- jects were discussed,
bo
Dr Bonnett wald Egypt's irrigation facilities must expanded, accompanied by im provement in rural health. United Press,
New-Yoric, July 24,2***
inck..
re-
to ac-
provement and, by strengthea- ing the countries of South Asia, will reinforce the security of all other nations of the free world."-United Press.
The Rubber Markets
London, July 24. Prices of rubber futures its closed today as follows:-
Number 1 rubber, in
New York Sugar
Futures
September November March May
New York, July 24.
gents per, ib.
September
October
November
October/December January/March April/fung
40-47
40-4011
34-3014
30-301
35-13/2
Stik nominal
—United. Præst
SINGAPORE, MARKET
Singapore, July.. 24. Prices of rubber futures
142-14215 15-1330
34.80 34.75 -,70 38.85 nominal
34.73
34.04
34.31
32.80 nominal 32.04 nominai -Associated Press.
NEW ORLEANS MARKET
Spot
Closing Tato
July 24.
37.23
October December March (1952> May July October December
34.75-34.20 34.47 $4.24 34.03 bid
Bild
K2.5T
22.01 bid
TEXTILE MARKET
New York, July 24. The cotton textile market
of improve eljowed no signs ment today, with buyor interest at a low ebb.
Gains of a dollar or two a share
she falls to conform.'
But all this is not do suggest were plentiful; some were wider. that Lancashire must resign herself to being ousted by Japan, the paper says.
Lancashire has it in her own hands to increase... – still further her efficiency and competitive
power,
OSK RESUMES
Bombay, July 24. The Osaka Shosen Kaisho, one of the biggest shipping lines
Activity
Hto better with the volume of trade hitting 1,600,000 shares,
American Petroleum was up as much as $0 at one time. Na- tional Lead advanced almost $0 as directors voted to split the common stock, 3-for-1. The pion Wi
will be submitted to stock- holders.
at
Some traders attributed least a part of the activity and
of Japan, resumed steamer ser advance to President Truman's
vice on the Japan-Indin line after a ten-year lapse.
scheduled
incrcate in defence
the
slemmed from
second quarter;
The company's first vessel to spending. Some believed call at Bombay, the S.S. Nankai interest in vils Maru, berthed at the Victoria favourable
cornings. Docks today to untond consumer goods and machinery,
Benguet Mining topped the day's 15 most ac- Omica Shosen Kaisha is the list of the
on a turnover of second Japanese line to enter tive stocks
The 40,900 shares, closing at 1. the India-Japan trade.
started unchanged, Nippon Yusen Kaisha
Dow Jones Averages:- operations on the Tokyo-Bombay route with the S.S Shunko Industrials Máru which arrived in Bombay Rails
Ulties last month-United Press.
World Fibre
Shortage
Washington, July 24, The Department of Agricul- a 25 ture estimated today that per cent increase in the total world production of hard fibres will be needed relieve the
to present short supply. Sisal, henequen
258.94 78.89 44.60
Associated Press.
Grain Prices
In Chicago
Chicago, July 24. Prices of grain futures closed today as follows:-
Wheat-rice per bushel, spot. September December and abaca, March (1952)
together represent 64 per cent of May
Com hord abre production.
Spot
The Department pointed out, september however, that the world deficit Detersber
May The wool goods market was is primarily due to short pro- Marel (1953)
duction of abacs in the Philip-
dull,
Rayon goods were alow.*** Associated Press..
NEW YORK BANK QUOTATIONS.
Ponly about one half as much abata strategically the most im portant af hard fibres--ls being produced today as before the
ad a world survey of the pre situation.
It sald,
is duo entirely
the Philip- to the situation in
conditions pines the chaotic New York, July. 24.
oxisting there at the end of the Closing bank quotations: Bank of America 37 23, 2916 asked, war overiding the importance Chase Naional 36% bid, #7 asked food production and the delayed National City -- 4311⁄2 And, 404, asked national programme
Associated "Prem
7.31
2.33%
2.37%
#jala
2.4011
1.1832
1.7296-56
1.6014
.. 2.0014-16
Valled Press,
AGENTS:
JEBSEN & CO.
Pedder Building
Tel. Nos. 26066-2..
ENT LINE
FAST SERVICE TO UNITED KINGDOM AND CONTINENT
S.S. BENVORLICH"
LOADING HONGKONG 30th JULY
FOR
LONDON, ANTWERP, ROTTERDAM AND HAMBURG
VIA
MANILA, CEBU, SANDAKAN, STRAITS, ADEN AND PORT SAID,
W.R. LOXLEY & CO., (CHINA) LTD.
York Building.
· Tel. 84165 &. 38710,
Pacific Far East Line, Inc.
Fast Regular Trans-Pacific Serviço YJNE40/9
PASSER OVERLAND NEW YORK-CINCAGO DETROIT-TORONTÓ MONTREAL AND ALL AMERICAN & CANADIAN CITIES
Yor
DIRECT
of
SAN FRANCISCO, LOS ANGELES
for ro habilitation of the abaca indua- try,
Vesno!
From
Azrivan
MATI
Straits
July 127
vio Robe, Nagoya & Yokohama)N, ORGA
Ban-Franciaco
Augía.
Sept. 0
Bep! Noy.
finty Fradicines & Los Angeles
vin Yolabama se
San Francisco, de, Lon- Angeles
vja Yokohama...
The Department Bald the "PROAN F. LUCKINDĄCIT" Philippines national abaca and Exchange - Rates other bros corpornim is now "PIFFINE WEAR
administering a $10,000,000 re-
1433-361Bustos was done so the local habilitation programme, but two
Domestic sugar futures No, 0 closed today as follows: closed one higher to twa lower, Number 1 rubber, per lb.
August Beptember Number rubber,” 9.30 nominal:
AURUM 8.30 nomtal Domestic sugar, futures No. Number 3 subber;
Aukust World sugar futurus. No. 4 closed- Number: 4
· Augar Spot rubber. Black Perope No.. 1. priv.
Trade soured reported a drop closed quiet, no salze
prico" of "quicksliver, bringing i thyes, higher to four, Tower,
· of two- dollars d'Opalc ́ ́`in the
the price to $208-for a flask of
20 pounds iní round lois of:160
Kerids---Associated Press.
March
640
Have Sugar 6pos, a asi nominal.
100-1000
---United FruSS.
18.63 fare new abaca plantags will produes fibro.: Il will, therefore,
*}" }, -- LUCKENBACK"
unciicial exchango market this for tireo,youts are required bo- | "China) BRAKİ morning at the following - TRUAR D Sterling nota (per 21) "V.B. Follars (per $13
Indonesia, guilders (per, "Slarn Skyala' (INT 100); dinxapore "(Biraita); FIG. Startza (per:100) ·
be overal years before Philip
pines production approaches 11.00 world demand United Pres.
Son Francisco & Los Angeles
For full, particulars onll United Sision Lines Co. General Agónis, Queen's Building, Tel: 28100,