THE CHINA MAIL, TUESDAY, JULY 31, 1951.
Talks On
On Over-Production In
R.I.L. Rubber
ROYAL
Date
In Port
1st Aug.
3rd Ave,
sch Ang.
14th Aug. 17th Aug. 22nd AUR. 291 ADE..
3rd Aug.
3th Aug.
3th Aug. T AUC
20th Aug.
23rd Aug. 24th AvK.
Jint Ang.
Ship
INTEROCEAN LINES
"IJIWANGT
ARRIVALS
"VAN BRUTAZ”.
"DOISSEVAIN"
TJISADANE"
"TJITIALENOKA"
TASMAN
From
stacassar & Java Potte Japan
B. America, 8. Africa, Ringapore,
Saigon & Manila
Manila
Purchase Canada. Leads To
Colombo, July 30.
It was reported today that negotiations are taking place between the United States and Ceylon for an here from expert to come
the United States to discuss
| bulk-buying of Ceylon's
5. America, 9. Africa, Mingapore & MACASSAT, Java Porta & Ringapore | rubber.
Japan
Africa, Mauritius & Šingeporn Japan
THETAR" "BOIRREVAIN”
SAILINGS
#TJIWANGI
"VAN BRUTEZ”
"NOISSEVAIN"
"TJADANE"
"TARMAN"
“TJITJALENGKA"
"TJINKBAR"
"DOISSEVAIN"
To
Singapore Java Porte & Stecariar Singapore, Penang k Delaw & Deli Yokohama & Japan Ports Yokohama à Japan Porta
Singapore. RemaPANY. TJirehon,
Djakaria Belawan Deli Singapore, Java Ports & MarEKSIT Yokohama & Japan Parts
Manite, Singapore, 8. Arelen I.
Amerlea
Agents: HOLLAND EAST ASIA LINE
ARRIVALS
Date
Ship
13 Aug.
· "AAGTEKENK"
Japan
13th Aug.
"ALMKERK"
Kild, Sept.
Europe Japan
Wild Rept. 2nd week Oet,
15th Au
19th Aug.
Mid. Arpi
MIQ Sept
2nd week Oel,
HALMKERK" "HOOGRERK" "HOOGKERK"
"AAGTEKERK" "ALMKERK" "ALMKERK"
HOOGKERK"
"BODURERK"
Frozs
Europe & Ringspore Japan
SAILINGS
To
Manila, Singapore & Curope Jaran via Manila
Manis, Singapore & Europe Japan via Mänika
Attila, Bingapore & Entope
BAKING'S BULCINETE IPHONESË2001 SETOS28017ADO
AZONNALEATSPRESSCONNAUGHTERODZINA TRGUALE -
Rubber
Controls
And Consumption
New York, July 30.
•
.Since Ceylon has decided not to adhere to the U.N. decision for an embargo on strategle materials to Communist China and North Korea, the question of American bulk-buying of
has Ceylon's rubber
A Strange
Situation
Ottawa, July 30.
The initial impact of defence preparations on Canada has startled and confused, a nation which has been prepared to resign itself to the his- toric choice between guns or butter.
Taxed in advance to, pay for the guns which are slow in coming, the economy is glutted with "butter" which people have not enough money left to buy.
Canada enters the second six-month phase of{ its rearmoment programme with many of its in- in negotiations between thedustrial plants waiting for war orders that do not
two Governments.
resulted
Efforta have been made to
come.
MORE GO
reach a satisfactory agreement chandise of all descriptions and get fidgety during the TO CANADA
scheme.
Shops are packed with mer- "Spectators at a tennis match and the proposal to send fl}}
the Jand are warm-up," but that provides Americon expert is expected retallers across
desperately staring
at huge them with top speed action once to result In a satisfactory inventories
that Blubbornly the matel starts," was how one refuse to move.
Labour Department official ex- Unlike the bulk purchase! The only real shortage is of plained it.
แฟ .some unem- agreement between the United henvy steel, and Kingdom and Ceylon during the playment is spreading through stage now."-Reuter. war, which was a govemment-non-essential Industries requie-
ing ແ to-government transaction, the arrangement with the United States is expected to be between
Three factors have contributed
cent to this strange situation of over-
the United States Government production while the world is
and Ceylonese trado circles talking shortages.
with the Ceylonese Government
by
the
Canadian Industry geared t-
guaranteeing the availability self into top speed to all the huge back-log of demand caused the lean years of the second by World War and did not slow)
of surplus required United States.
A minimum price of four down when it appeared that the shillings and a maximum price abnormal demand was becom- of six shillings per pound willing satisfied.
be demanded by Ceylon from Retailers und wholesalers the United States. This demand placed huge orders to avoid was made by Ceylon at the future shortages and London and Rome rubber con- excise taxes they foresaw as ferences also!
Inevitable.
the new
The fact that the United
SHORTAGE OF CASH this States, being aware of
Heavy increases in income tax demand, is again negotiating, is and drastic restrictions on credit construed here as an indication | buying left that the United States is prepar- without enough ready cash to ed to concede to the demand.
embark on programmes of major purchases.
If the negotiations succeed, the Ceylonese producer will be assured of two rupees and 60 cents a pound whereas today's price is about
most Canadians
are in the warm-up
Familiar Pattern In Cotton
New York, July 30. Colton futurės followed the recent familiar trading pattern, After a mixed start prices rallied at one time, only to settle back again later.
FROM UK.
Quebec, July 30. More immigrants are ex- pected to arrive in Canada this year than in any year since 1929. The total is like- ly to be more than 150,000, say officials, compared with 73,912 last year!
Figures
Ave
for the first months of this year show an increase of nearly 100 рег cent in the number of Britons arriving here-30,500, compared with 5,351 in the same period last year. Immigrants from all countries numbered 60,356, an Increase of 30,000.
newcomers Most of the
from North European countries.
The ban
The new uncertainties in the
tire Korean picture, plus crop de- terloration complaints from the Texas sections and the feeling
on German immi- lifted fast year, that some of the long-standing grants was
influences may be and nearly 6,000 arrived in the bearish largely discounted, made sellers i ret five months of this year. In addition, most of the de- discouraged
wary. Conversely, buyers were
During by the continued
the Farme perfod to date
textlie about 3,000 has slow business in the
from the fence spending
people macle nature of capital market along with dullness in U.S.A. been in the
homes In such as tooling up and the spot markets and imminence Canada.
for aircraft of the seasonal crop movement, engines which are not yet pro-
quantity.
one rupee and abroad
Controls on the use of rubber brought drastic 70 cents-United Press.
changes in the pattern of United States consump- tion in the first half of 1951, the Rubber Manu- facturers Association reported today.
Total new rubber consuind-
tion rose two percent in the first alx months of 1951 but the use of natural rubber dropped 33.65 percent while syntheile rubber rose
56.59 percent compared with the corresponding 1951 period.
Total new rubber consumption { was reported At 010,241 lak tons against 508,045 tons in the Brst half of 1050. Natural rub- ber consumption dropped to 240,517 long 15ay from 362,401 tons.
Slump In
London Tin Market
London, July 30. Prices of tin shumped severely but steadied at the lower level. Turnover was 255 tons, includ-
The use of synthetic rubbering 110 tons for cash. increased to 370,124 long tons
end Prices closed at the from -383.554-tons--in-the-first | the official morning session half of last year.
The controls on natural rub- bor and the tight supply of synthetic rubber baosted the use of reclaimed rubber 44.82 per- cent to 102,214 lang tans from 132.727 tons in the first half of 1950.
con-1
During June, rubber suination decreased 1.23 percent to 107,088 long tons from 109,000 tans consumed in May.
Natural rubber consumption last month declined 4.59 percent to 401,777 long tons from 42,730 : long tons in Muy.
Use of synthetic rubber total- led 60,891 long tons, un increase of 94 percent over 08,287 long lons consumed in May.
Reclaimed rubber consump- Gion in June was estimated at 31,654 long lons, a decrease of 1.46 percent from 34,207 long May-United
tons Press,
in used
SURPLUS OF
The
Colton
Ing
COTTON
Washington, July 30.
follows:-
Spot th, buyers
Spot in. seller
HONGKONG
SHARE MARKET
(From Our Correspondent)
Business done
on the Stock this Exchange
morning wha valued at $183,457.50 Noon prices and the morning's trans- actions:-
duced here in Rumetent
None of this is reflected in any appreciable increase in the number of size of the weekly pay envelopes among Canadians. The motorcar industry is the hardest hit and thousands M of workers have
have been laid off unili the situation is clarified.
Manufacturers blame the But the shortage of materials. Government points to thousands unsold cars crowding the mar- ket and declares that the reason is obviously over-production.
SHARES BUTERS SELLERS SALES vehicles BANKS
HK Bank XD 1435 1475 East Asia 307.
of -as·
INSURANCES
425 £321 $30
Canton Union
Biestne done at Three-months tin, huyers 807
Three-maths
fin, sellers 810
Business done at
Settlement
A15-205 130
-United Press.
The Rubber
Markets
Singapore, July 30, Prices of rubber futures closed today as follows: Number 1 rubber, per 18,
August September October Number 2
August
unter
4
rubber.
rubber
rubber,
August Number
August Spol rubber, unhaled
Black crepe
No. I pale crepe.....
140-141 1355-136
13414-255
120 -129
121 -121% 1445-14312
17 15-03 19
50-105 -Unlled Pres.
PRICE IN US.
New York, July 30.
The Government selling price far rubber was unchanged to-
day at 32 cents a pound but I dealers
understood that the
International Cotton buying price was marked down
output
000 or 3,000,000 bales.
Per lb.
November
4415-48% 432-1 41 41% 38.30
October/December
30 -3919
United From.
The 1850-51 crop was 27,500,- January/March 000 bales whereas this season's | April/June
output is estimated at belween
35,000,000 and 30,000,000.
from
Underwriters 3 ink Fire
DOCILS, ETC,
Whart..
700
753 50
1403
NOT SOUND
their
for
many
Biggest obstacle above the 35 Hedge selling per cent level became more intending British emigrants har noticeable and outweighed the been the regulation which has effect of routine mill and ex-prevented a family, whatever porter buying.
their size, taking out of the The market opened off 3, 10 country more than £1,000, up 7 points. It established spread over four years. first-hour gains up to 10 to 17 points, then cased irregularly to close B to 14 points higher,
Prices closed as follows Spot
30.00 nomlani 2490-24.03 14.06
May
$2.70 nominal -United Pren.
[MARKET
13.30
October December
March (1954)
34.04-34.05
2431
July
October
32.00
December
NEW ORLEANS Spol
an
October
34.70-34.80
December
March (1952)1
34.74-34,20 34.65 bld
1
May July
34,81 bid
He bid
$2.88 bld 22.61. bid
It adds that the industry's obsessivn for producing ever-increasing number
each month may not. be a sound working basis.
The next chief sufferers dre
textiles dress-making
the
and
and
associated tailoring
463 trades, where a sudden slump
has put hundreds on
30 250
60 2314 two-day
25875055 4075211
In
on a ond and week.
Huge auction is lying
mer-
warehouses and on chants shelves and the situation has been aggravated by the dumping of women's wear from
United States, where
3
20
N.
What? 1.90
the
Provident
21
.40
.. 20%
500 24.75
Dack Shal Dock Wheelock
LAND, ETC.
HK Hotel IK Land S'hai Land Humphreys
UTILITIES
Glar Ferry
4.00
1.10 1.25
similar problem is said to pre- vall.
The United
is only a small nation's tremendous
October -December
Grain
United Fress.
Prices
In Chicago
Chicago, July 30. Prices of grain futures closed today as follows:-
Wheat-price per buhel
Spot
part of that! September
States dumping
But its effect on
250 01
the smaller Canadian market been considerable.
capacity. December
much March (19321
bas
May
2.42-4 2.33-342-44
2.42-12 2.41-6-2.42
Сол
Spot
1.70
10 103
ly
1000
Most other items are similar-
affected, although severely. But the drag is op- 4.33 parent in everything from elec- 430
September
303-34760
not so
December March (1052)
May
2.00-0 1.09-2 1.08-1
Itya
Julj
Sentember
100 111
Qata
July
September
1.8.2% ask 3,72 asked
70-33-77 70-34
New York
C. Light (0) 0.007.06
E. LE IN 44 500
Light (3) 8.85 6.65 dectric 2012 2712 Telephone.. 1 INDUSTRIALS
Cerment... 10.05
STORES, ETC. Dairys... Watson
181 1014 L. Crawford, EL COSTONN
Ewo XD.... 2.10
Fabrics In
1000 @ 11
ric refrigerators to cosmetics. NOT HAPPY
Government sources are not
The happy about the situation.
and taxes were credit curbs
cut down consumer imposed Armand
materials to release and labour for the defence effort. It i
is admitted that the timing went a bit awry and the restric tons took effect considerably ahead of the defence expansion
US plans.
and
above the 1949 output of 8,291,- 000,000 yards.
The Department
•
the
of the
four-per 200 Sack. $12.05-United Press.
1b.
New York Sugar Futures
Now that the British Govern- ment have made an additional grant of £250 for a dependant, emigration, particularly of large families, is expected to increase.
HELP TO PAY FARE
the
A big improvement in shipping situation has cut con- siderably the walling time for people wishing to sail.
Block bookings in chips by Canadian provincial govern- ments.
of particularly that Ontario, have meant that many Britons have been able-to-sail within a few days of passing their medical tests.
MESSAGERIES W
M
ARRIVALS